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1  Economy / Gambling discussion / Gambling is growing at nonstop rates in my country on: December 17, 2018, 03:24:20 AM
Is this an isolated phenomenon or it's just where im from? I see more and more gambling commercials, tv ads, and I see more and more gambling spots all over the streets. There were casinos before but im talking about places where people take bets usually on soccer and other sports, not a classic casino with the usual casino stuff. I see they are located near high schools too. This could cause a gambling addiction epidemic among the youth, which has a hard time making money these days and feel desperate and end up gambling whatever little they make.

I claim this cannot be a simple coincidence. The rich have always gambled, but lower end classes weren't gambling that much in the past as far as I know. There weren't definitely as many gambling spots all over the place before.
2  Economy / Economics / What will you do in 2030? on: December 17, 2018, 01:49:24 AM
Looks like many economies around the world are going to be suffering major downfalls around 2030. The demographic pyramid is completely fucked up in many countries, with locals not having kids because basically millennial cannot afford to live on their own due low wages and high cost of living. In Europe it's all over the place. What grinds my gears is economists saying immigration is the solution and they will pay our retirement funds. This is insanity.

Anyway, do you have a portfolio that makes you comfortable about the future? we are definitely on our own so be sure to have some passive source of income for the future. Hopefully Bitcoin saves our ass and by 2030 we don't have to worry about money anymore.
3  Bitcoin / Development & Technical Discussion / Difference from Electrum HD wallet to Core HD wallet.dat file on: December 16, 2018, 03:37:38 AM
Which are the security differences comparing the Electrum HD wallet which has an exportable seed to the HD wallet.dat from Bitcoin Core software?

For cold storage and assuming both wallets are created in airgapped computers, which one would you trust the most and why?

Being able to export the seed from Electrum seems handy but I have always been very paranoid about it.
4  Other / Meta / Which hosts don't give you the proxy error? on: December 08, 2018, 07:31:19 PM
I wanted to use this image in a post, but I keep getting the white background with red letters error that says something about a proxy or whatever, I think everyone knows that message. It shouls show up here:

The link:

Im just confused because imgbb was working good so far and I never got the proxy error thing.

Edit: Maybe this one works?

Looks like it doesn't.
5  Economy / Economics / Remember: Bottoms are ALWAYS higher than your idealized entry point on: December 08, 2018, 06:54:27 PM
We've seen it throught the years. You can go and find all the posts, I don't need to do the homework myself for you, I already did. The truth is, you will ALAWYS find a bunch of people predicting bottoms that never arrive, ideal entry points to go all in that never happen.

Those people are the ones that become demented nocoiners which begin FUDding Bitcoin pretty much forever, because they are extremely irate at the fact that they missed the boat because they gambled way too much hoping for a price that was way to low, so the market started going up, they assume it's another "suckers rally" or "dead cat bounce", until eventually it goes full FOMO and they feel suicidal, but it's even worse when the bubble bursts and bottoms above what they were expecting to get in at, so it's a never ending fractal cycle of people becoming salty at the fact that they didn't buy and they have too much of an ego to just get in and deal with it.

Famous eternally mad nocoiners such as Peter Schift, Nourini, Mark T Williams, Krugman... you name them.

So the moral of the story is, buy low, but not too low, you may die waiting.
6  Economy / Economics / The mining downward spiral FUD was predicted months ago on: December 05, 2018, 04:57:28 PM
I've seen a lot of people, specially mainstream media, reporting on how Bitcoin would crash because the economic incentives would collapse if the price went way below the cost of opportunity to produce more bitcoin supply. Everytime the price has collapsed a lot we've seen these. Well this guy predicted it months ago:

Lowest hanging fruit for the next batch of unsubstantiated FUD will be the "mining death spiral" articles that appear every bear market and halving. "Once the price hits <insert random number> miners will turn off their equipment and bitcoin will die"

Then months later we have this:

The FUD machine has begun to go at full steam with the doomsday predictions: bottom's close.
7  Bitcoin / Bitcoin Discussion / 100,000+ BTC moved into segwit addresses on: December 03, 2018, 05:16:33 PM
A very interesting set of transactions happened just a couple of days ago. Someone has moved chunks of 25,000 coins into bech32 addresses. What's really weird is that he has moved it into an huge list of different addresses:

He wants to increase his privacy by splitting them into different addresses? Anyhow, it could be said that whales trust segwit, or at least some whales do.
8  Economy / Speculation / Walll Street dumping to buy cheap on: December 01, 2018, 06:19:18 PM

Nice vid that explains the obvious but what most newbies don't seem to be realizing: The same people that are saying "bitcoin is dead", "bitcoin is a scam", "bitcoin is a ponzi" and whatnot, are buying when you are sleeping after you panic sell. And this doesn't count all the OTC volume we don't know. The lower the price is the higher OTC volume must be as these big entities keep buying. They KNOW they cannot kill BTC, only become bigger players than the rest, so the plan is obvious: Demoralization to trigger panic selling of everyone, then buy the cheap coins off you.
9  Bitcoin / Electrum / 12 word vs 24 word seeds on: December 01, 2018, 04:07:35 PM
Does anyone have the exact numbers of how much protection you get using a 24 word seed vs using the conventional default standard that shows up automatically when you create a wallet in Electrum?

It's still not clear to me that you can trust this type of wallet, that could be bruteforced and then all of your keys are compromised forever as long as you keep creating them on that wallet. It still seems safer to use a wallet.dat file. I want to see the math.
10  Economy / Gambling discussion / Tyson Fury vs Deontay Wilder: Predictions thread on: November 29, 2018, 07:06:21 PM
I was surprised to see that no one has created a predictions thread for such an iconic fight. This is going to be the most important boxing fight in a long time, specially for the heavyweight division.

The full card:

Odds are on Tyson Fury winning. If I was going to bet, I would most likely go with the trend and bet on a Tyson Fury 12 round of technical boxing superiority. But it is insanely risky, it just takes Wilder to launch one punch and it's over, no man has been able to survive his rockets. However, Wilder has never taken such a challenge...

Is anyone going to bet BTC or fiat for this one?
11  Economy / Economics / Who will be the first country to own Bitcoin reserves and publicly display them? on: November 29, 2018, 03:40:50 AM
Just like they are holding big amounts of gold and displaying amounts that I think may be approximate amounts:

Could we see this in the future? I think it's a matter of time. If a country starts accumulating a lot, at some point other countries will not be able to keep ignoring it, and I believe you can't ignore Bitcoin just like you couldn't ignore powder, you must be in. Most likely they hold some already but aren't disclosing it.
12  Bitcoin / Development & Technical Discussion / Any realistic risks on price decrease/hashrate decrease? on: November 26, 2018, 05:15:06 PM
I was wondering if there is any realistic systemic risks if an attacker with enough funds (see, fiat cartels, with their various tools such as futures, printing funds and whatnot) are able to suppress the price to put miners into bankruptcy in order lower the hashrate (thus security of the network) and once decreased enough, launching a 51% attack of sorts or any other malicious action that could be performed upon a weakened network (as miners left due lower prices). We've already seen a decrease in hashrate and many miners forced to quit.

Is this FUD and an non issue because the numbers are still oto high to make it work for the attacker? or is that a real threat that cloud cause a chain reaction of miners leaving?
13  Bitcoin / Development & Technical Discussion / 2038 year problem: does it have an impact on bitcoin? on: November 21, 2018, 05:43:38 PM

Can this have an impact on something bitcoin related? maybe some wallet devices like trezors or whatever? machines running the nodes? block explorers? any other ideas that could be related or it will be irrelevant?

14  Economy / Speculation / CSW's "hash wars" impact on BTC price? on: November 14, 2018, 04:25:14 AM
Craig Wright is back with his Bitcoin SV fork, and is showing strenght thus far with the amount of hashrate that is going to support the Bitcoin SV fork.

Apparently Roger Ver and Jihan Wu aren't supporting it, hence why the "hash wars" terms. With Jihan's empire against Craig Wright's 70% current hashrate it's going to be interesting.

The reason I ask about BTC price is because if Jihan wants to ensure CSW doesn't win, he may be forced to allocate BTC hashrate into this developing clusterfuck in BCash.

Will this be a non event or speculators will try to get some BTC out of it from noobs that fall into it?
15  Economy / Economics / Impact of Italy's crisis on the Bitcoin price? on: October 24, 2018, 05:55:33 PM
With Italy making a big statement to not follow with the imposed European Union budget (see this crazy sequence: ), things are starting to get serious. Salvini may be nuts enough to not be bluffing.

Are we going to see the start of the biggest EU crisis yet? Italy is no Greece, it is too big, if the same scenario happens (this time with the far right instead of far left but same result) are we going to see an impact on the Bitcoin price?

If Italy goes Greece the consequences will be felt all over the world IMO.
16  Bitcoin / Development & Technical Discussion / Why didn't satoshi use PoW for something else? on: October 17, 2018, 02:03:01 PM
What I mean is, something similar to what these guys are doing in Foldincoin, Gridcoin, etc:

There are many critics of Bitcoin that argue how "Bitcoin's PoW wastes too much energy". I can easily refute that by pointing to how it secures your bitcoins being safe. However, what if we also had hashes being solved that were relevant in other contexts (see examples provided). We could make multiple points of the hashrate usage.

Did satoshi avoid this in purpose to avoid possible game theoretical incentive problems so he made it strict bitcoin without side use cases?
17  Economy / Economics / Today is 10/10/18, the rise of the Phoenix according to The Economist on: October 10, 2018, 12:41:55 AM
Did anyone remember that today was the day of the infamous cover of the Economist released in January 1988 predicting a one world currency? Well today is the day:

I haven't been following the news, but I guess nothing relevant happened. Perhaps it marks the start of the bull run? would be cool isn't it. Well for what is worth, the bitcoin all time graph is looking good, it's becoming nice and flat, just like when the bear market in after the MtGox crash ended.
18  Bitcoin / Development & Technical Discussion / Signing a sum of bitcoin on: October 05, 2018, 07:47:50 PM
Is it possible to somehow get a sum of a bunch of different inputs and then generate a single resulting signature that could prove you own for instance 1 BTC? Or it's impossible and you must go through the hassle of signing a bunch of different inputs that make a sum of 1 BTC and the person must manually verify and sum it all? This beside being annoying and slow, goes against your privacy interests as you show a ton of different inputs.

Ideally, it would be cool to do it with a single click. If the wallet contains +1 BTC, then generate a single hash that proves this somehow. For example I like to think that in 2030 or so, there will be clubs in which you cannot access if you don't own 1+ BTC, then you bring this signature with you like a VIP pass, bouncer verifies it and you are in. I think this may be impossible but just asking if it could somehow be made.
19  Bitcoin / Bitcoin Discussion / Dude buys sandwich with Lightning Network on: September 28, 2018, 12:34:07 AM

The first demonstrations of real Lightning Network payments for real goods and services are already there and we are still in beta phase. You can already go buy a (rather expensive) sandwich if you are lucky enough to live in Switzerland.

We are at year 0 of LN, imagine things in 5 to 10 years. We can meet in Switzerland by then when 1 BTC will buy us millions of sandwitches, and if other governments are jackasses enough to have banned Bitcoin, you already know in Switzerland there will be a Bitcoin-friendly haven for all of us to happily pay taxes there instead of being treated like criminals.
20  Economy / Speculation / CNBC goes bearish on Bitcoin on: September 25, 2018, 07:50:43 PM

They tweeted this recently. The dude with glasses that's always on the Fast Money show, I don't know his name but you should know who im talking about... the guy that's always bullish, well turns out now he's being bearish and predicting lower prices.

The fact that CNBC is as mainstream as it gets and they are going bearish makes me thing that the capitulation final stages may finally be at play. When these guys tell you to FOMO is usually the opposite, now they are telling you to sell. When the casuals start hating bitcoin is when things are looking good. This may be it.
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