As per the article, the proposal will be shortlisted by existing core developers and "important" community members. So coinbase is probably not looking for those who have already been core developers like Luke Jr who shared a post on twitter talking about having to go back to working full time after 10 years contributing to bitcoin. Its a bit surprising because core developers like him should probably be comfortably sitting on some old Sats stash.

Further advances in ASIC miners will remain limited to the advances in lithography process. They are already at the cutting edge with 7 nm technology and further reductions will come in this decade down to around 2 nanometer. This does mean that faster miners with lower power consumption will be available but because of the inevitable hardware race between mining farms, the hash rate will also rise in the same proportion.

More efficient miners may mean slightly lower operation cost because of increments in efficiency but the capital investment to keep buying the new hardware to stay ahead in the race will also be significant. The ASIC manufacturers will have to decide if investing on deploying a lower lithography process is justified. It may even be possible that the "race" for faster ASIC hardware will reach an equilibrium and stop at some point in the future because the pie is going to become smaller with time.

You and I can only speculate on what their intentions might be. Its true that people with millions to spend can have intentions for bitcoin. We can only have hope and speculation. From the looks of it, they have put the money because they believe that "cash reserves" for their company shouldn't just mean "cash" reserves. People like the MSTR guy are already supporting bitcoin publicly and this in itself is a contribution.

From Michael's tweets, it does seem that he has the same deep understanding and respect for bitcoin that anybody who "gets" it has. I still think that they don't owe anything to bitcoin or bitcoin's devs to try and support it. They will most probably choose to do it themselves once they realize the importance of core devs. This in fact is a pretty burning question unto itself that how exactly is the open source development progress for bitcoin going on?? Maybe somebody who frequents the dev IRC can tell us. I have just seen a change in the names of posters and the discussions there quickly get too complicated to follow. Yet, seeing new names suggests that there is a stream of people joining in. Reading IRC and trying to gauge the nature of development going on there may be a worthy thing to do for some of the several "resource collectors" we have in the forum now.

I don't know if its distracting DS or not but one of the mods seems to think its okay to selectively delete posts. Or they have probably taken it upon themselves to ensure that the thread remains "clean". Maybe in reverence to ChipMixer themselves. I just casually replied to this hilarious post of yours about how the "CM Mafia wars" were missing this time..LOL..just for fun. This was the reply.

And some @$%$## mod deleted it. There were contemporary posts of the same nature which were apparently "on topic". I think deleting that post was a bit of an ass move on your part Mr. moderator (whoever of you did it.. :X). I mean the regulators are already fucking with everyone. Then there are rug-pulls, scams and money grabs going on. To top it all, are we now supposed to fucking think twice before writing something on the ChipMixer thread??!! Like not be bad employess lest I don't pass the HR round?? I think everyone, (including the bloody mod that deleted my post) needs to lighten up a bit and accept that some of us will never be accepted here because of the sheer number of people who have way more time to spend on the forum and are way more knowledgeable and engaged in the forum to actually justify the money ChipMixer spends on them.

I mean I KNOW that i won't be accepted here but i still just apply because c'mon, isn't it one of those tradition things now?? DS opens the applications and IT IS OUR BLOODY JOB to fucking flood it. At least we know that DS will have a shitload of work. Even then, he manages to pick out a gem EVERY single time and I can actually go back to thinking "ok fuck, there are all these talented people here..I have so much to learn in life coz i still ain't good enough to  even fucking succeed on an online forum". It is also just a re-affirmation that this forum is still filled with great people from whom i can learn a lot (just by reading their posts or just seeing them handle the occasional shitstorms or even create the shitstorms). A lot of them are not in the CM campaign but there are people here (on both sides) who have successfully handled damaged reputations, constant troll attacks and still maintain their cool while continuing to debate like its the fucking House of commons.

Not being selected here is a re-affirmation that this forum still has people who will maybe contribute to the well-being of bitcoin because I, for the life of me, am not able to bloody get one thing done right. I don't even mind it anymore to not get selected. IT IS JUST GOOD FUN to know that there is a CM campaign and DS will occasionally open it and we'll have all these stupid debates about nationalities and mafia and good posters vs bad posters. Then this bloody mod comes walking pompously and deletes my post. FCUK YOU! Don't fuck with the forum goddamnit. Let some things not change. Don't make it all bloody regimental and formal like its a bloody HR process.

I don't want to apply like this is a job. (While i am ranting, can all of you South-East Asian brothers fucking stop using the words "EMPLOYEE, EMPLOYER & EMPLOYED" while reprimanding each other about signature campaigns or while thanking your manager for "employing" you?? Its not cool.) I just want to know that there are good, intelligent people involved in bitcoin who care for more than just about money. There is just not enough focus on bitcoin these days. I worry about how long the forum will last. I dread the day that good campaigns like CM or Roobet will stop. People have done a good thing here letting others make some money. I worry that more slick marketers will takeover and this forum will be forgotten. Fuck i think so much about this forum and this mod struts along and just deletes my post!! It riled me up a bit so i ranted. If you found some of your thoughts reflected in this then just reply or send me a PM hug. If by any stretch of imagination, you want to give merit, give it to someone else. Its already so fucking dreary to see people behaving like bitches trying to one-up each other. I don't want someone to think that i want merit like my life depends on it. I am already a fucking HERO on Satoshi's forum. My life is complete...lol..Seriously thought, What have we come to as people?? From making machines turn at 3000 RPM and blasting furnaces to just bitching with each others' brains on the bloody internet.

Save the world guys..Save your jobs...Love your family...Go meet a real childhood friend...Propose that girl you always wanted to...Learn to handle the rejection like a man or give her the best time of her life if she says yes..May god bless you all with the next 100X on whatever shitcoin you are buying these days..Plllleaseeee just have some fun..STOP FUCKING DELETING POSTS!

The biggest section of people that actually is "transacting" bitcoin are the traders on centralized exchanges. Apart from that, for most people who are not bitcoin OGs or do not have a constant stream of bitcoin earnings, it does not make sense to pay high fees. For such users, you can say that bitcoin is primarily a bet against the value of Fiat. If you hold 2000 USD in your fiat account today, it is a certainty that its value will decrease because of the constant money printing going on. If you put that into bitcoin, you have an alternate that will maintain its value or increase with time.

Everyone is an investor, albeit, at their own levels. Whether you have 500 USD to invest or 5 Million, you have to make the best decision on the basis of known facts and market activity. That level of financial independence and literacy is also one of the many goals of the "sound money" argument.

Why should the new players who are actually buying into bitcoin also be the ones to support the devs? Aren't they just the latest entrants? If this information is even slightly correct, then the top 0.5% of addresses still own almost 85% of the coins.

People tagging the Micro Strategy guy sounds a bit like asking too much. Over the past 10 years, several individuals and businesses have been established based on bitcoin. They are not as publicly known as the public corporations joining in now so nobody is tagging them. That tweet from Luke is unexpected as it seems that there would be enough of Old Guard bitcoiners to take care of such a situation.

And this disclosure is a great thing. Seems like those 10,000 BTC aren't a new purchase though and they have been holding onto them through their subsidiary for quite some time. While banks everywhere tried to disparage BTC, their own employees, the asset and fund managers are the ones who had been stashing BTC.

The idea about how China might be accepting of ideas in the future is tantalizing. Yet, i feel that China is the very anti-thesis of a global, democratic, liberal world order. India has long bore the brunt of being neighbor to such an untrustworthy country. Its like being at the gates of Mordor. They have purposely let the boundary issue longer so they can settle it on their own terms when they are at such a position. This is the same approach they take with countries and corporations. While they feel benefited from you, they will be welcoming. The gates close once they have leeched off enough. The whole "Art of War" thought is inculcated in their diplomacy as well as business.

While USA dominated the world, there was never a single defining feature of US influence. This is because of the West's emphasis on individualism. For every polluting corporation, you also had a caring society where individuals went out of their way to help the poor. US influence in helping those less fortunate than them cannot be overstated. In case of China, there is no such "individual" influence. The whole state and its production machinery, including the population is aligned to one goal, becoming a sole superpower and reclaiming its place. There is very little one should expect from China in terms of mutual benefit.

The last time when bitcoin price, mempool and fees hit their ATH, there was a post by Greg Maxwell where he talked about the "Fee market". This was in a discussion on the dev mailing list about Total fees having almost surpassed the block reward. (which i personally think was momentous too).

Greg's comment was that he was happy that "market behaviour is producing activity levels that can pay for security without inflation". From a pure bitcoiner's POV, this was indeed a moment of achievement but people contrived this comment in all sort of ways. There was a hue and cry. That event basically demonstrated that there is a level of market activity that can lead to sufficient fee rewards. There are of course better ways that this can be achieved and it will be a debate unto itself needing an explanations of how one views bitcoin adoption. This is a problem of the future but we already have proof that it is not unsolvable. So there is no paradox here.

Username: amishmanish
Post Count: 1404 + 1
BTC Address (must be SegWit): bc1q4u8fvk7pn2z9uxlzrn0w0qw62gvpstw8d4fmxs

That is an amazing first person account @DrG. Especially about the power substation. Must be some 50-60 years back that someone from the west had to come in and build a substation. Since then, China has really come a long way to have become self sufficient in most heavy engineering capability. I actually feel pretty envious because one thing for sure is that the centralized governance allows way more control and much better focus in delivering infrastructure and improving capabilities as a nation. In a democracy like India, there are a hundred conflicting interests from labor reforms, land acquisition issues, native people's rights to land and its resources etc etc.

What I have seen from my experience with the Chinese workers is that they are unquestioningly devoted to their task. There is always a visible supervisor kind of person and nobody dares take their hands or eyes off the work. Compare them with Indian workers who are basically kings of their own whims. When they feel like they have to deliver, they will mountains. Yet, as a supervisor, if you over-stretch your authority and make them feel less than good, the work will suffer.

What topic exactly you aren't interested in? The scammers rampant in the Indian crypto scene or sharing such posts with people to let them know. Well, at the end, if you decided to share it with your followers then its a good thing. Do you have a social media account with a large following or something?

China has no "plans" to go communist. It does, of course, has plans to make more of the world fall in line with its own ideologies rather than Democracy. In much of the civilized world, debate over policies and protest over mishaps is considered the necessary thing to do. In China's worldview, these are low productivity practices that breed inefficiency. They are generally hell-bent on efficiency of the workforce and getting the maximum out of people.

While this has worked great for there own people because they had this whole world market to capture, these policies will feel suffocating to anybody used to the regular freedoms of other democracies. Imagine not being able to criticize leadership, central parties or any sort of government action. China is very clear on its aim to be in a position where it can guide world policies much the same way that USA and rest of the west has done. They have an underlying current of ultra nationalism rooted in the memory of a middle kingdom which was destroyed by the west. (Opium wars, cutting of the Chinese melon). So many posters in this thread seem to have a genuine appreciation and wonderment about their "system". Just wait till it comes for you with its reverse engineered weaponry and stolen/ bribed IP based cyber-warfare.

These tempered views of central bank in terms of consulting general public are little more than political exercises. Like the speech itself pointed out, people really have no idea of actual inflation. What people perceive is a result of the general political atmosphere. In times of stable, dependable governments people have more propensity to spend and don't really care what inflation is. That is what the banks as well as governments love. Making people comfortable about spending more than they earn and fooling them into living a blissful, indebted life is the best scenario for banks, governments and industrialists.

As you said, with just the idea that "money" isn't supposed to bleed value, the cat really is out of the bag (at least, for a few of us). Even then, i don't think the banks per se are more concerned about public's perception. This is merely a politically motivated line of thought.

Holy Molly. The judges definitely have an enviable job but the final results as always are dazzling. Hats off to Maus for this awesome concept again. She is sexy..lol..Its again the creativity and the idea that wins it for him. The GIF looks great too. He has been a regular winner and the opening post for the contest too has one of his works.

As Hhampuz said,

Totally jealous of the talents and skill of all the participants. I wish that more than three of you could have won. Congratulations to all the winners.

Terrific!! Congratulations to the winner. The piece by Maus is just soo beautiful. It must have been really close as every one of the entries spoke of the labor their creators put into them, some more so than others of course. At the end, there can only be a limited number of winners but truly well deserved. Love Roobet's marketing style and how they are generously sharing with the participants at the forum. We are all grateful to Mr. Roo and of course, Mr H. The judgement seems to give a lot of credit for creativity and uniqueness. The winning piece particularly has a nice story to it. Although, I do wish the individual figurines has a bit more intricacy in terms of details.

Overall, an amazing contest as always. Good to know we have so many artists in our mid. More power to you all and Roobet.

The subject of people giving up on bitcoin has gained traction on the forum for sometime. This is especially because of the latest DeFi craze. With every hype-cycle come new claims of paradigm changing innovation from all these different people working on ERC-20 tokens or alternative blockchains. To those who feel concerned about bitcoin due to all these bedazzling innovation, i say this:

Do you really think these "New" projects are bringing in the billions in the form of actual investments?? Most of the time the money raised is itself in the form of bitcoin. The "projects" market valuations are against the dollar value that bitcoin has. Most people "investing" in these "projects" are old hodlers themselves with BTC to spare and who want to put their bitcoin to work. The smaller retail buyers are just there to buy and sell and keep the price ticker running on exchanges.

Today if the REAL HODLERS give up on bitcoin, this whole ecosystem would evaporate in less than a day. Nobody would care if your DPoS chain with three telegrams groups and fifty thousand Filipino, Indian and Chinese shills can do 10000 TPS. So @Windfury my friend, please take heart. Trust the honey badger..

Two responses in this thread that i think are important though are here:



Love these two responses as they are the ones that really raise issue from the perspective of some old hodlers rather than speculation of people who hold like 5 BTC and just can't wait for it to make them rich. Instead of getting negative about this and hearing newbies and DeFi degens talk shit about bitcoin, this is what we should be discussing.

Ekeh is the kind of users that fascinate me. This guys has been here since 2017 and i am sure he has a much longer history of trashier posts that they would have deleted by now. He seems to have some difficulty with english and is not a good communicator. What is fascinating that the ICO stages, bounties, DeFi etc would have allowed people like him to have earned quite a bit. Maybe not him but there must be plenty like him. That is the most awesome thing about bitcoin. People everywhere have benefited from it if they are willing to engage with the technology.

While you castigated ekeh for not being on topic, the limited supply and decimal numbers have nothing to do with why people finding it difficult to use bitcoin to begin with. Its the unfamiliarity. You can fix supply of a currency as 100 Billion but nobody would be willing to transact till it is secure and free from centralized interference, which almost all of these "billion-supply" currencies are.

This a a beginning of nothing but another proof that humans as a group can never do something good without an individuals brilliance or without a careful intervention by a concerned group of citizens to act as vigilantes or safe-keepers. Decentralization, when allowed to its full extent just goes to prove that humans are little more than greedy snakes just out to hurt each other. They will leave no stone unturned and there is no deceit and treachery they will shy from in order to benefit from the misery of their own fellow humans. Just look at these shameless copies and scams. I feel almost angry on these thousands of people who are falling for the rug-pulls by people who name themselves against an existing token. Or for someone who is idiotic enough to name their products on food items. Its a fucking joke, and its not even funny.

Till some people come together to actually rein this degeneracy, this thing will only end up hurting a lot of people and enriching a few like the ICO scams did. Next you know, the DeXes will start coming under regulator scrutiny and people would have finally fucked the ecosystem for good. Thank god for Bitcoin and Thank god for people like the Core devs. Imagine if these devs were like the imbecile Ethereum devs.

There is a big lesson in all these rug-pulls and scams for all the people who question bitcoin for various reasons. Those people have actually managed to implement and keep running billions of dollars worth of financial tools without any major incidents and without anything close to a scam, for 10 fucking years. And here we are with Ethereum developers running away with people's money and spoiling a great idea like DeFi.

I had my last pick at the sunrisers in the BCT pool. AT 14 overs, it looked like the win was sealed as they had 150 plus without any loss of wickets. They managed 201 against an expected 220-230. Though with their top order, including Rahul out of the way, i suppose this is a closed case now. Hope though that they give a decent fight. I want this to be a narrow one so I win this round, yayy..

Asking for more deposit when you want to withdraw your whole money? They must consider their customers really dumb. Or maybe all scammers know that once people fall for these obvious scams, they will do everything to have a chance of securing their initial loss back. These "offers" of further deposit so your transaction can be processed is typical of scammers.

Never heard of the website and it should be a thumb rule to trust nothing that has a person's own name in its domain-name. And never trust anything that copies the name of another successful product. Sorry for your losses but it seems that your bitcoins are gone.

Thats the imgur link for the screenshot i suppose. Still this is a useful tip . That is why these scam sites typically are filled with a lot of "referral" links etc that are to be shared to increase your own gains. That serves no other purpose to rank them up i suppose. Good point.