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1  Bitcoin / Bitcoin Discussion / Metaplanet Makes Bitcoin a Reserve Asset As Japan’s Debt Mountain Grows on: May 13, 2024, 11:49:06 AM
Tokyo-listed Metaplanet has adopted bitcoin (BTC) as a strategic reserve asset as a hedge against Japan's debt burden and the resulting volatility in the yen.

Quote
"Metaplanet has adopted bitcoin as its strategic reserve asset. The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen," the company said in the press release on Monday.
Since April, Metaplanet has acquired 117.7 BTC ($7.19 million), following the strategy pursued by U.S.-listed MicroStrategy (MSTR), which has acquired several billion dollars worth of bitcoin, per Bitcointreasuries.net. Metaplanet, an early-stage investment firm, has moved away from any involvement in Web3 and is now only focused on bitcoin alongside exposure to commercial real estate.

https://www.coindesk.com/markets/2024/05/13/metaplanet-makes-bitcoin-a-reserve-asset-as-japans-debt-mountain-grows/

117 bitcoin is small investment, but compared to the value of the company, taking Bitcoin as a reserve is a serious step, the high debts prevented the Bank of Japan (BOJ) from raising interest rates in conjunction with the Federal Reserve Bank (Fed), and interest rates are low and yen value decreases has made Bitcoin a good reserve.
2  Economy / Economics / M2 money supply turns positive on: May 03, 2024, 05:17:35 PM
The Fed has restarted printing money



https://twitter.com/BitcoinNewsCom/status/1786357540609315258

More money and inflation are what the price may need now to rise strongly.
Will this have an impact on Bitcoin?
3  Bitcoin / Bitcoin Discussion / Finney Freedom Prize on: April 20, 2024, 03:55:38 PM
Quote
In 2024, the Human Rights Foundation (HRF) created the Finney Freedom Prize with the blessing and approval of Fran Finney, wife and partner of the civil liberties advocate, software developer, and Bitcoin pioneer Hal Finney.

The Finney Freedom Prize will be awarded to the person who does the most for Bitcoin and human rights in each halving era. Hal thought that the computer could be a tool to liberate people, not to repress them. He was a pioneer of digital privacy and electronic cash systems, and eventually stood alongside Satoshi Nakamoto to help develop Bitcoin in its earliest days. The Prize was created to honor Hal for his lifelong dedication to digital liberty, and to recognize those who, like him, strive to help make Bitcoin a better tool for freedom.

The Prize will come in two parts: first, a physical award, and second, a monetary prize of 1 BTC / 100,000,000 satoshis.

https://hrf.org/finney-prize/about-the-prize/

It is nice to see Hal Finney memorial awards. You can see the nominees chosen for these four years, so I hope that someone from the forum will be on the list of nominees for the award next time.

4  Bitcoin / Bitcoin Discussion / Glassnode: accumulation of BTC outpaces issuance of new coins by 2.4 times on: November 16, 2023, 04:30:30 AM
https://insights.glassnode.com/the-week-onchain-week-46-2023/

Glassnode published a monthly analysis of the onchain that compares supply levels prior to Bitcoin halving, which indicates tightness in Bitcoin supply that has reached historic levels.

Assessing Available Supply

Quote
The chart below covers several supply heuristics using 'coin-age' as the main input, measuring the time since a coin was last spent on-chain. Short-Term Holder Supply is currently at multi-year lows of 2.33M BTC, and captures coins up to 155-days old that are statistically the most likely to be spent.


Quote
Glassnode developed another supply heuristic that monitors the spending behavior of wallets, classified into Illiquid, Liquid and Highly Liquid buckets. The latter two are shown below which represent wallets that both receive coins and also spend a significant proportion of them.


Quote
There is significant overlap between Liquid and Highly Liquid supply and Exchange Balances for obvious reasons. This multi-year downtrend is visible again, suggesting coins are moving out of Exchange wallets and towards more Illiquid wallets with little history of spending.


The analysis is in-depth, so I tried to quote the points above, but you can refer to the link above to read it.
'Available supply' is at historic lows and 'supply storage' This may not be a price prediction signal but more people are preferring to hold Bitcoin.
5  Economy / Service Discussion / Risk/AML score on: October 25, 2023, 10:43:19 AM
Anti-money laundering (AML) regulations play a vital role in financial systems and combating organized crime, which has led to the emergence of advances in learning algorithms show great promise for the AML toolkits

The data showed that the volume of illegal transactions:

source https://amlcrypto.io

However, I find that the AML score gives different and varied results from one service to another. Are these results accurate, especially since most of them are generated by artificial intelligence? Can it be relied upon to bring charges or acquit people, since they may lead to criminal charges, or is this not possible as they are based on random results or inaccurate.

Some experimental results:

https://arxiv.org/pdf/1908.02591.pdf (It is true that the results of the experiment are from 2019, and artificial intelligence algorithms have evolved, but I did not find a more recent experiment)
6  Bitcoin / Wallet software / pay-to-taproot multisig wallet? on: September 08, 2023, 01:49:26 PM
Yesterday we were talking about how multisig transaction fees can be extremely low using P2TR but I couldn't find a wallet that supports pay-to-taproot multisig, does anyone know any wallet support it? This is a list of wallets that support taproot, if anyone can try if multisig is available it would be helpful.

7  Economy / Economics / India just bought 1 million barrels of oil using rupees instead of USD on: August 27, 2023, 11:14:10 AM
Historical background:

With the end of the "gold standard" where there was a fixed price for gold and every currency linked to the value of gold, the gold standard was abandoned in 1971, causing a free fall in the value of the dollar and an insane rise in inflation rates, the deal that arose in 1973 between the United States and Saudi Arabia Things returned to normal, and what is known as the petrodollar appeared to us, which includes pricing, trading and recycling of oil and the money generated from it in US dollars only.

I am not trying here to say that the system that created the petrodollar system may come to an end, but some changes have already begun to occur, as the Central Bank of India unveiled a new framework for settling global trade in rupees.


Quote
First, the two giants agreed to settle trade in their local currencies — in an effort to cut transaction costs and eliminate dollar conversions. They also agreed to set up a real-time payment link to simplify cross-border money transfers.

The agreements will enable “seamless cross-border transactions and payments, and foster greater economic cooperation,” the Reserve Bank of India explained in a recent statement.

https://finance.yahoo.com/news/dollar-being-dethroned-india-just-201500390.html?guccounter=1

Can we say that trading using local currencies has become an attractive trend, especially with countries beginning to diversify their reserves, or is everything that is happening an attempt to put political pressure on the United States?
8  Other / Serious discussion / LK-99 and bitcoin development on: August 03, 2023, 11:31:52 AM
This story is rapidly changing.
“The First Room-Temperature Ambient-Pressure Superconductor”

I don't know why there is no discussion of this but a lot of the action has been going on around the room-temperature superconductor, which the authors hang their reputation on, for a look around I quote:


Quote
The authors describe a lead-based copper-doped material, LK-99, which is made by first preparing a well-characterized mineral (lanarkite, Pb2(SO4)O) from lead oxide and lead sulfate. Separately, copper phosphide (Cu3P), another well-characterized compound, is also freshly prepared from elemental copper and phosphorus. These two substances are ground together in a 1:1 ratio and the mixture is sealed in a vacuum-evacuated quartz tube and heated to 925C, forming LK-99, which is Pb10-xCux(PO4)6O, a dark polycrystalline material. The structure is very similar to lead apatite, a well-characterized phosphate mineral, but its crystallographic unit cell is slightly smaller due to the substitution of particular lead atoms in its lattice by copper ones.


Quote
preprints appeared last week making the remarkable claim of a well-above-room-temperature superconducting material at ambient pressure, dubbed LK-99. This is one of the most sought-after goals in all of materials science and condensed matter physics, something that until now has only been found in (numerous!) science fiction stories. The potential applications of such a material almost can go without saying - depending on what current density it could accommodate, it could improve almost anything that uses electromagnetism.

Humans have been excited over the past years about superconducting materials that we do not need to cool with liquid nitrogen, and the Bitcoin mining community is one of these areas, which until now there is no information about it, and if it is correct, then a major change occurs in our lives.

What are your opinions, does anyone know more? What is the effect of this article on Bitcoin, if these allegations are realistic?

Sources

https://arxiv.org/abs/2307.12008
https://arxiv.org/abs/2307.12037

https://www.science.org/content/blog-post/breaking-superconductor-news
https://www.science.org/content/blog-post/room-temperature-superconductor-new-developments
9  Bitcoin / Project Development / kycnot.me bitcointalk version on: July 04, 2023, 02:24:45 PM
I see that some members recommend https://kycnot.me/ for those who want to search for a non KYC exchange lists, after visiting that site, I found that it is not Up to Date, as some exchanges either no longer work or their privacy policy has changed.

I was thinking of creating a similar site, but it is updated by the forum. Are there any updated alternatives to https://kycnot.me, or is there someone in the forum working on this idea, or in other words, is it worth my time or is it a useless idea?

I have some time and creating such sites is easy, the problem is keeping it updated which is not difficult if the community here will participate in that.
If the idea succeeds and finds interest, it may be a more general idea and will buying this domain BTTLISTS.org or bitcointalklists.io


This topic is to formulate initial ideas about the most useful way in which we can create such lists, and if I find interest, I will lock it and start implementing.
10  Other / Beginners & Help / Do not rely on articles as resources to learn Bitcoin on: May 27, 2023, 05:56:20 AM
I see many friends and even some accounts here that rely on some paid (click me) articles as sources to learn technical about Bitcoin.

Almost all platforms and news sites have devoted articles to learning or what is known as academy, and many of the technical articles on those sites contain misleading or biased information, such as some bitcoin.com articles.

Binance Academy, cointelegraph, crypto.com, Bybit Learn,....

Misleading article example https://cointelegraph.com/news/bitcoin-advocate-cracks-known-12-word-seed-phrase-in-minutes
Biased essay example https://www.bitcoin.com/full-nodes/

If you want to learn accurate information, it is better to read from

books
GitHub
bitcointalk Technical Discussion boards
bitcoin.stackexchange.com
bitcointechtalk.com

always ask, if you are not convinced of any information.

andreas antonopoulos has good content and answers most of the questions that may arise in your mind, and I also hope that the members will attach more good resources.

11  Economy / Economics / Argentina raises interest rate to 97% as it struggles to tackle inflation on: May 20, 2023, 10:21:39 AM
On Venezuela and Zimbabwe's linear and after the federal raised the main interest rates by five percentage points over the past months, the Argentine Central Bank raised the main interest rate on Monday by six degrees Celsius to 97 % in an attempt to treat high inflation that reached its highest level in 30 years.

Quote
Argentina’s central bank is also hoping the rate hike will incentivize investments in the country’s currency, according to the central bank’s statement released Monday. The exorbitant inflation resulted in large outflows of investments held in the Argentine peso, leading to a 23% decline in its value against the US dollar this year.

Ahead of a presidential election set for October, Economy Minister Sergio Massa is focused on avoiding an even bigger devaluation of the currency and containing inflation. He has been seen as a potential third-party candidate since incumbent President Alberto Fernandez announced last month that he won’t seek reelection, and Massa’s success is likely to be tied to the result of this inflation-battling plan.

But the new rate hike is unlikely to bring any real change to Argentinian markets, analysts said.

“The feeling is that the government is completely losing it against inflation,” said Miguel Kiguel, a financial adviser and former deputy manager at the Central Bank of Argentina.

source: https://edition.cnn.com/2023/05/15/business/argentina-interest-rates-inflation/index.html

Is it really with a feeling of siam and raising interest rates is the solution to reduce inflation? The interest rates strategy is good to combat inflation in the long run, but when a recovery does not occur in the market for two consecutive two, the more interest rate will put more fire on the oil.

What is your recommendation to countries in such cases?
12  Bitcoin / Hardware wallets / ledger vulnerability: Invalid addresses for certain miniscript policies on: May 12, 2023, 11:34:59 AM
Miniscript is a language to define possibly complex spending conditions for bitcoin wallets.

The Ledger bitcoin app supports miniscript policies since version 2.1.0, deployed in February 2023.

Quote
Versions 2.1.0 and 2.1.1 of the app incorrectly handle the a: fragment, causing the app to produce wrong addresses.

In theory this is critical as the device is usually trusted to display the right address. In practice, the impact is limited, as there is no currently deployed wallet software with a full integration with such policies.

Any other wallet not using miniscript, or any miniscript policy not containing the a: fragment, is not affected.

Users who encounter issues related to spending Bitcoins can reach out Ledger Support.

Source https://donjon.ledger.com/lsb/019/
Read more in the detailed report by Antoine Poinsot https://wizardsardine.com/blog/ledger-vulnerability-disclosure/

Although there are very few (users) who use such functions and will be affected by this vulnerability (this will only happen if you are using advanced hand-rolled tooling), it is necessary to upgrade to version 2.1.2.
13  Local / 日本語 (Japanese) / Ordinals on: May 10, 2023, 12:53:46 PM
私たちは皆、Taproot と画像、スマート コントラクト、およびその他のオプションを追加する機能をアクティブ化した後にビットコイン ブロックチェーン上で行われたこの開発について聞いたことがあるでしょう。
そういったことのプラス面とマイナス面を議論していきたいと思います。

ビットコインはピアツーピアの支払いシステムであるべきでしょうか、それともブロックチェーンに保存できる写真や奇妙なものを愛する人が入る余地はあるのでしょうか。
14  Other / Serious discussion / Delay your Bitcoin transaction for this week| Volunteer campaign on: May 08, 2023, 11:52:49 PM
We all know the problem of the recent high bitcoin fees and because we can't do much, at least postpone all your bitcoin transactions for this week, including a call to all signature campaigns and your friends to postpone payment for this week for several days.


Future solutions:
Use Bech32 addresses.
Use wallet that support RBF.
When fees are low Fees not low! Wait for opportunity to Consolidate your small inputs, consolidate all of your previous transactions into one income.
Use the Lightning Network for everyday payments.

15  Bitcoin / Wallet software / What is the most that governments can do if they decide to regulate wallets? on: May 01, 2023, 01:25:21 AM
I do not rule out that we will soon hear, you must verify your identity to download bitcoin wallet, and although regulations are not the reason, you cannot download Bitcoin-core in UK, so what is the most that governments can and cannot do?


Can they stop SPV wallets servers?
Track developers of open source code or block access to it.
Issuing a law that prevents employees from downloading these applications, just as it happens with Tik Tok.
That the taxes be valid from a specific wallet.

Or are all these solutions useless
16  Local / 日本語 (Japanese) / Atomic MacOS Stealer という名前の新しい MacOS マルウェアが発見されました。 on: April 30, 2023, 07:41:46 PM
新しい MacOS マルウェアがインターネット上で拡散しています。



https://twitter.com/phd_phuc/status/1651001139750420480

このウイルスは、暗号ウォレットを含む次の情報に影響を与えます。

デスクトップ暗号通貨ウォレット:

  • Electrum
  • Exodus
  • Atomic
  • Coinomi


Windows や Chromium ベースをターゲットにするなど、多くのオペレーティング システムで実行されています。

(英語): https://bitcointalk.org/index.php?topic=5450471.0
17  Other / Archival / any userscript for trust list? on: April 15, 2023, 05:29:18 AM
Is there any Userscript that enables me to add people to a trust list and then view the trust based on that list and not mine, or according to another user's list?
I can do this manually by adding and removing people from my list, but I don't want to edit my list daily.


As for the reason for asking, is because trust list for some board, for example, Collectibles board members gives more accurate results than default trust list or my customized trust because they deal with these members, and therefore their feedbacks in that board should be more useful even if they are not DT1/2 members.
18  Economy / Service Discussion / Civ Kit: A Peer-to-Peer Electronic Market System on: April 14, 2023, 07:50:57 PM
Quote
Abstract. The Bitcoin protocol enables a global store of value system without a single trusted third party issuing or holding the funds. Participants are only required to have access to a standard computer using a broadband connection. As a second layer, the Lightning protocol enables fast, instant, and cheap value transfers between all participants of the Bitcoin system by rolling out a decen- tralized network of payment channels. While those protocols enable global value transfers, they do not allow global trading with the same properties. We propose a new peer-to-peer electronic market system, which enables censorship-resistant and permissionless trading between users of the global Bitcoin system. This design builds on top of the new Nostr protocol for its peer-to-peer order book and relies on the Bitcoin blockchain as a source of truth for its Web-of-Stakes market ranking paradigm. Market trades are locked under Bitcoin contracts to avoid reliance on trusted third parties for dispute arbitration. All market nodes are incentivized by privacy-preserving service credentials backed by Bitcoin payments. This market system should enable global trade of any kind of item all over the world: fiat currencies, goods. services.

https://github.com/civkit/paper/blob/main/civ_kit_paper.pdf
19  Bitcoin / Electrum / Android Electrum manually editing fee on: April 13, 2023, 02:33:03 PM
Electrum wallet is good now it lacks a lot of features on Android as manually editing fee rates (custom fee), currently you can only use the slider

https://github.com/spesmilo/electrum/issues/6710

Is there any way to manually adjust the fees i.e. open source fork or even a third-party application? I want to broadcast a transaction with 1 Sat/Byte fees from my android device.



20  Economy / Economics / Ditch the Dollar on: March 30, 2023, 04:15:00 PM
Recently, some countries began to use their local currencies in trade with each other. It is true that there was no trade union between these countries, but these movements began to increase. This topic will shed light on some of these countries:

China, Brazil strike deal to ditch dollar for trade

Quote
BRASILIA - China and Brazil have reached a deal to trade in their own currencies, ditching the United States dollar as an intermediary, the Brazilian government said on Wednesday.

The deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade and financial transactions directly, exchanging yuan for reais and vice versa instead of going through the US dollar.

“The expectation is that this will reduce costs... promote even greater bilateral trade and facilitate investment,” the Brazilian Trade and Investment Promotion Agency (ApexBrasil) said in a statement.

China is Brazil’s biggest trading partner, with a record US$150.5 billion (S$200 billion) in bilateral trade last year.

The deal, which follows a preliminary agreement in January, was announced after a high-level China-Brazil business forum in Beijing.


Pakistan, China agree to trade in yuan

Quote
Pakistan on Monday announced an agreement with China to use Chinese currency for bilateral trade to end the burden of relying on U.S. dollars.

'China and Pakistan agreed to start trading in the yuan instead of the dollar,' Fawad Chaudhry, minister of information, told reporters in Islamabad.

This agreement, reached during the Pakistani premier’s current visit to China, would help Pakistan get rid of the dollar burden in $15 billion of bilateral trade, he added.

Imran Khan’s four-day official visit to China is ending Monday.

The move to Chinese currency would also help both countries replace the U.S. dollar for their transactions and investment in the multi-billion dollar China-Pakistan Economic Corridor (CPEC).

This June, the State Bank of Pakistan formally allowed both public and private enterprises to use Chinese currency for bilateral trade and investment activities.

China and Russia ditch dollar in move toward 'financial alliance


Quote
Russia and China are partnering to reduce their dependence on the dollar -- a development some experts say could lead to a "financial alliance" between them.

In the first quarter of 2020, the dollar's share of trade between Russia and China fell below 50% for the first time on record, according to recent data from Russia's Central Bank and Federal Customs Service.

The greenback was used for only 46% of settlements between the two countries. At the same time, the euro made up an all-time high of 30%, while their national currencies accounted for 24%, also a new high.

Russia and China have drastically cut their use of the dollar in bilateral trade over the past several years. As late as 2015, approximately 90% of bilateral transactions were conducted in dollars. Following the outbreak of the U.S.-China trade war and a concerted push by both Moscow and Beijing to move away from the dollar, however, the figure had dropped to 51% by 2019.

Alexey Maslov, director of the Institute of Far Eastern Studies at the Russian Academy of Sciences, told the Nikkei Asian Review that the Russia-China "dedollarization" was approaching a "breakthrough moment" that could elevate their relationship to a de facto alliance.
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