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1041  Bitcoin / Bitcoin Discussion / Re: I want to fulfill my mother's dream of building a house with Bitcoin. on: October 07, 2023, 04:20:09 PM
My mother has a dream to build a house, maybe in the future I will have to help her fulfill her dream because my father is spending the money he earns on my education and running the family so at the moment he cannot afford to build a house.

What happened with the dividends from your successful farm that was earning you enough money to invest in Bitcoin?

After few years I kept saving money and with the saved money I started a quail and pigeon farm. After two years of service I got a fairly good benefit from them. ~ A few months ago when the bitcoin market was 17 thousand USD I invested 80% of the dividend in the bitcoin market and I still hold it.

You must pray for me

That's not how prayers work!
But I will pray that next time you get your merit stories right!
1042  Bitcoin / Bitcoin Discussion / Re: What Do You Guys Think About This Simple Analogy? Anything to Add or Remove? on: October 07, 2023, 04:07:25 PM
The Internet is a tool and people choose to use it or not. How much harder will life be if they don't use Internet. I tell them that at some point life may be much harder if they haven't adopted bitcoin.

Are you really comparing the internet with Bitcoin?
I've always said what lacks here is moderation when thinking of your assets, just like gold bugs think of gold coins coming back in usage or gold spiking to 100x times its value some bitcoiners who have spent too much time only in this bubble can't see anything beyond this.

Just think, we have 40 million addresses and around 400 000 transactions, a world where 4 billion use the internet daily, make 1.6 billion online purchases, and almost one third of them have a job that needs the internet. If you want to make a comparison, just think about what will happen tomorrow
a) there will be no internet
b) there will be no bitcoin
Can you realistically compare the two scenarios?

Bitcoin hasn't grown enough yet to deserve this, is still just still in an adoption phase and to be honest, other than the rise in value, adoption as in numbers is not as smooth sailing as it would have been supposed to be.

People who have worked in Bitcoin will never be able to move on without Bitcoin in front of them because

Common, don't be a drama queen! The world dropped gold and it went on, the world dropped cash and it did fine, do you think that everyone would just jump out of their window and commit suicide because there is no Bitcoin?
How the hell did they manage to stay alive before 2009? Just as they did befoe they will do from there on!


1043  Other / Meta / Re: Can I stake multiple BTC address? on: October 07, 2023, 03:24:46 PM
I want to change my Bitcointalk password because it's been some time since I changed it. I feel like we should change our password at least once a year. But I don't like the message that says, This user recently changed the password. It may sometimes make others suspicious. That's why, before changing the password, I want to make a post on Bitcointalk saying, I, DYING_S0UL, the real owner of this account, am going to change the password.

Oh god, imagine we would have 10 000 users changing their passwords so each day we have two full pages of me x I'm changing my password!!! People are going to get bored by it and nobody is going to give a damn about it anymore.

Nobody is suspicious of you changing that or reading the message, it becomes suspicious when you're a trusted member here, you go offline for two weeks, then you change your password and you post malware links, that's when everyone is suspicious, or when after 8 years of writing only French you change it and start speaking Indonesian or Nigerian or Russian only.

That's why we see many cases of losing passphase or private keys due to hardware or software failure. It can be intentional or unintentional. Hacking, phishing or other means. Accidents happen, regardless of the precautions we take.

Shouldn't you be more concerned about your coins rather than a member account on a forum?
Fix those issues first if you think you're in danger of losing a seed or a privatekey!
1044  Bitcoin / Bitcoin Discussion / Re: El Salvador launches first volcano-powered mining project on: October 07, 2023, 02:55:43 PM
Iceland has been doing this for years.
https://en.wikipedia.org/wiki/Geothermal_power_in_Iceland
Has about 800 megawatts of geothermal power daily.

But Iceland has 300k population while Salvador has 6 million and just 650 MW potential, being currently a net electricity importer.

Might sound nice on paper but when you're building a gas-powered plant that will burn imported LNG to produce energy
https://www.nsenergybusiness.com/projects/acajutla-lng-power-plant/
while diverting geothermal to bitcoin miners some locals will not really be that happy about that deal.

This makes the issue even more strange to me, because if volcanoes are capable of providing clean energy that can be used in mining (one of the most energy-consuming sectors), then why are they not talked about as a source of renewable energy to solve the dilemmas of other sectors?

Because of the above  Grin
Even if they would explore everything they have they won't be able to get enough energy, so this whole thing is just another gimmick, you can't pay millions for importing electricity from Guatemala, have a whole damn FSRU ship pumping expensive LNG to power up a powerplant, have the local pay 14 cents per kwh while subsidizing a mining company to actually make money (so at most 6 cents per kwh) and call it being efficient economically.

They tried once two years ago and we haven't heard anything about the magical 200MW well, this will be the same.



1045  Bitcoin / Mining / Re: Is there a way to ASIC mine using my bitcoin core instead a pool? on: October 07, 2023, 02:38:48 PM
Based on the pool where you mine solo I never heard of that pool before and according to Whois, it's 2 months old.

It's bitaxe pool, they have active topics all around even local boards, I would also be normally suspicious about it but in this case I doubt they would have done this to advertise their pool like this, the owner has already an account here Besides, it's a pool for low hash miners like nerdminer or bitaxe or other usb stuff, not built to attract ASICs, my opinion, a hobby pool for testing toys.

As for OP problem, if you're not doing this for learning and testing and you actually want to solve a block and get it accepted in time, then I would advise to mine over a solo pool.




1046  Bitcoin / Project Development / Re: Mixin Safe: A Convenient and Decentralized Multisig + MPC + Timelock solution on: October 07, 2023, 02:16:52 PM
I don't know where Igebotz got that from, but I don't think that's true. According to media reports, during a live briefing on September 25th, Mixin's founder, Xiaodong Feng, stated that they would compensate users "up to 50%" for the stolen assets, with the remainder being distributed to users as "tokenized liability claims" that Mixin would eventually repurchase "with its future profits".

lol, "compensate" ?
I love how they always use stupid wording like this, trying to pose like they are in control, they are the ones taking the hit, and they will suffer one century in pain but will make everything up for their customers!

It's no compensation, compensation is when you take something and give something in return, this is just taking half of the money away!
Imagine how a robber would testify in court and argue that he took only one TV and the jewelry so has already compensated the victim by letting him have his fridge and socks!!!

https://twitter.com/MixinKernel/status/1709869557287178402
Quote
After statistical analysis, the affected assets in this incident were mainly ERC20-USDT, ETH, and BTC. Other assets were not affected. The specific compensation details are still under discussion. Please stay tuned for updates on the progress of this incident. In order to improve the Network and provide more secure services, after a week of rigorous evaluation, we will make the following updates to the Mixin Network:

again, lol

Quote
1. Release a new system based on Mixin Safe to enhance network security. The new system is expected to go online in 3-4 weeks. After another 2 weeks of system inspection, deposit and withdrawal functions can be opened.

deposits and withdrawals, quite optimistic, I am willing to bet on a 1000:1 ratio between the two
1047  Other / Politics & Society / Re: 2200 Rockets shot at Israel 40 killed. on: October 07, 2023, 01:53:01 PM
Hamas won the war in 2 minutes and lost it in the next 3!

Everyone was amazed by the sheer speed they attacked and the success and then they had to tie dead and chopped bodies of civilians to trucks and drive them around with a thousand cameras filming it, that's when they lost every support they had, no moderate nation that by default was not agreeing with Israel will never touch the Palestinian subject with a one hundred mile pole ever. Same in the US, if there was a clear majority tired of the whole Isaerl aid now you just have to waive around those pictures and billions will start flowing again.

Anyhow, this is less economics as it will have no impact whatsoever in trade, if we talk bitcoin then nothing at all not even a trace so just politics.

Quote
What will we the rest of the world do with a new conflict?

The ones with a brain that are more than 1000km away from it geographically will stay quiet, everyone has already enough problems to get in more stuff out of the blue.


1048  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: October 07, 2023, 01:40:11 PM
in response to Iran sinking the USN destroyer (USS Samuel B. Roberts). They even awarded Vincennes captain with Legion of Merit medal for murdering civilians!!!

Here we go with the Iranian propaganda and lies, how did a sunken vessel in the 1988 manage to sail for two more decades and be decomissioned in 2015? In reality, the US Navy sank half of the Iranian navy in Operation Praying Mantis in a couple of hours, just as it would do right now.

And speaking of civilian aircrafts, no words for how your incompetent IRCG terrorists shot down a civilian airplane that was taking off from your own airport killing hundreds?  

If it were for Pooya and his terrorist propaganda Iran has already sunk more US carriers than all the countries in the world have built to date, and also inflicted damage of quadrilions of dollars. Again, in reality, the Iran forces fly USA-manufactured aircraft from the '60, the Iranian navy has ships built in the '70 and '60 in Europe and US and their GDP per capita rivals Zimbabwe.The only thing Iran can threaten and murder is innocent civilians not wearing a headscarf!

And here we still have someone who thinks Iran is some kind of regional power!


1049  Economy / Economics / Re: Agriculture vs oil on: October 07, 2023, 11:20:26 AM
Agriculture vs oil, which is the big deal when it comes to the economic strength of a country?

Water  Grin
You can't have any agriculture without water and most oil requires also water to be pumped into the wells to keep the pressure up.
But all three of them are nothing compared to the real black gold, the grey matter in the head of the ones leading the country, if there is none there, all the gold, oil, water, agriculture will be of no help.

I think oil is superior. A real example is the United Arab Emirates, the UAE has been able to develop so far because of its oil. With the wealth they generate, they are able to fulfill several other important sectors even though the land there is barren and deserted.

I see your UAE, I throw in Japan with no agriculture and no oil and I raise you Venezuela with a ton of oil and one mm away from famine.
1050  Other / Meta / Re: Can one plagarise unintentionally? on: October 07, 2023, 10:51:13 AM
I tried checking if there was something like "unintentional plagiarism" and Google provided me with an answer for it which is; "trying to accidentally omit the source of your ideas", but then again is that not actually plagiarism? Plagiarism is plagiarism no matter if it was intentional or not and that's an act strongly frowned upon in the forum and I feel that that for something to become a habit, it must have been done repeatedly over a period of time and have been overlooked.

A search on Google for this stuff it most of the time gives answers about articles, scientific papers, and research, nobody is going to make a whole article and analyze plagiarism in a forum with 4 lines posts as this is basically a bitcointalk specific problem since it's one of the few forums out there where you have to earn merit to rank up and you can achieve that only via good posts and you earn money with your rank, there is no such thing on other forums, nobody is thinking of actively plagiarizing on bimmerforums for example. What would be the point?

If we talk about research papers yeah, unintentional plagiarism where you forget to reference one work you copied a paragraph can happen, on my 250 pages dissertation I had no more than 100+ references it would have been easy for me to actually miss one and that would clearly have not been intentional.

That is completely different from what is being reported on the plagiarism topic.

If we can't find a match on Google, we're unlikely to find it anywhere else, so it may just as well be considered original. I'm quite certain several regular gambling board posters post translations of local sports articles, but I can't find the source when doing reverse translations so for all intents and purposes its not plagiarism... 🤷

Quite surprised about this, why would anyone need to do that when a post in which you mentioned who scored in what minute is considered a valid post and they get paid for it? Copy the odds, say you think that team will win, valid 3-liners, gere you go $2! Extra work and headaches for what benefit?

1051  Other / Archival / Re: [banned mixer] - Premium Bitcoin Mixer | Launched in 2018 🛡️ on: October 07, 2023, 10:33:09 AM
Although there is quite a large mempool backlog even for a normal fee, but at least the session is valid for 6 days.

You're in luck, it's Saturday and the mempool is clearing again 1.8 sat/b as I type, just got one consolidation confirmed two blocks away.

Another thing, since BlackHatCoiner mentioned the score of the coins coming from Mixtum which is indeed better than others, might it be possible that just as I did, you guys are cleaning coins from .... another mixer? Of course, I don't really think one should give that away since we're doing this for privacy reasons but I think I'm not the only one using Mixtum to really get the dirt off!  Grin Grin

1052  Bitcoin / Bitcoin Discussion / Re: 9 years ago today, an epic battle played out on bitcoin exchanges. on: October 06, 2023, 07:21:57 PM
Block wars and the lightning network weren't a thing 9 years ago, so at some point this story doesn't make sense. The former began in mid 2015 and lightning in 2017. As for "Satoshi's vision" being "unlimited block size" or theymos colluding with blockstream to censor discussions, just LOL.

In the signed message there is no mention of 9 years, OP has added that, in the original, it only mentions the price
https://pastebin.com/Lp5Djs5R
and that of a little over 300 does make sense for the drama around the 2015 clash, but at that time it was about XT, not casH or SV.
The dates do correlate with the events, including the bitcointalk censorship drama.

Besides, that address had in 2014 34k coins which he sent to Bitstamp, so he's not just trolling.

PS
Quote
Luke-Jr was a religious nut
this ain't FUD, it's a 1001% proven beyond-a-doubt fact!
1053  Bitcoin / Hardware / Re: Heating a Space via Mining on: October 06, 2023, 01:22:10 PM
you will use 5400 watts so you need a 30 amp 240 volt circuit

240v won't cut it for the hydro miners, you need 3 phases 380-415v (10A on each phase), depending on your country specs, for anyone who doesn't know what 3-phase wiring is, you can't just use three wires coming from the same phase and assume the miner will work, most houses will likely run on a single phase setup, so it won't be easy to supply 3 phase appliances,

Never mind, totally forgot what the hydro specs are, was still thinking in the 200~240 area of the S19 I'm used to.
Thanks Phil!

Hmm, I don't get the part about the v here.
Speaking just for my area but in Europe, we've changed from 380v to 400v transmission before consumer so the phase is up from 220v to 230v but we are on 30A here so my 4000W oven has no trouble with it.
Isn't this more a thing of maximum kvA rather than voltage?

1054  Other / Beginners & Help / Re: Be careful were you put your hard earn money on: October 06, 2023, 12:41:56 PM
Be careful were you put your hard earn money
~
It's just like profit from a bull run and be ruin by scammer or irresponsible player in the crypto ecosystem.

Ever heard of easy come, easy go?
That's what happening, you land a ton of money by doing NOTHING as benefiting from a bull run is anything BUT hard work then you think you have discovered the key to free money and you land in all those scams.
If it were indeed hard work money you wouldn't be throwing away at x100 in a month schemes because you would know how hard it was to get those in the first place and how it would be to get those returns in real life.

People should rally strat ti be honest with themselves, those scams exist because everyone who falls for this is looking for easy money, not for work money!

1055  Bitcoin / Bitcoin Discussion / Re: When are we going to see the mempool empty again and 1sat/b confirmations? on: October 06, 2023, 10:05:41 AM
And just when you thought everything is fine..
https://mempool.space/address/bc1quhruqrghgcca950rvhtrg7cpd7u8k6svpzgzmrjy8xyukacl5lkq0r8l2d

Bitfinex comes and tries to consolidate its dust with 20 blocks worth of tx paying even 50-60sat/b, because obviously, their script is detecting their won transactions in the mempool so they were trying to compete with their own so from 2sat/b in just a few hours we're at 40. When you think that there are still a ton of other exchanges waiting for this then probably it will take more than three weekends for everything to normalize.

The most recent difficulty adjustment was a few days ago but less transactions volume has led to declining hashrate and as a result the average block time has gone up slightly so it might still take a while to fully clear the mempool.

The number of transactions in the mempool has no effect on the hash rate and the block time pace is almost normal:

Quote
Latest Block:   810879  (28 minutes ago)
Current Pace:   100.6911%  (448 / 444.93 expected, 3.07 ahead)



1056  Bitcoin / Bitcoin Discussion / Re: Repayment Deadline Increased for the MT Gox Exchange’s Creditors on: October 06, 2023, 09:36:27 AM
It makes you wonder why Mt Gox liquidators would need to make the repayments in several batches rather than in a single lump sum. The only possible reason I can think of why they'd do this is if they do not have enough money to cover all of the creditors who have filed a claim. In such a case, where do they expect to get the rest of the money from?

The repayment plan has been settled for ages, they know how much money they have, and they have already sold all the coins necessary for the fiat reimbursement so this leaves only the coins for which they've already set the fraction at which they will be paid back.
The money as agreed is there, it's only the actual payment process that is taking that much time, DaveF covered this nicely.

Funny thing, although the previous liquidation did happen at lower BTC prices, they still managed to get a 4x on the current price for BCH, so for some getting their coins next year might be better than getting them in 2020, if these people wouldn't, of course, depend on that money for a living.

The one I truly wondering is how those creditors could cover up all the expenses of this refund plans since for sure there's a lot of people will claim their part and this is so huge, also the question there if they still have enough money to complete this refund to all affected users.


Everything you want to know is here:
https://www.mtgox.com/d/04y7ivbnz5gw.pdf
And indeed, it's everything!
1057  Bitcoin / Bitcoin Discussion / Re: Today in history: The first recorded Bitcoin exchange went live on: October 06, 2023, 09:23:32 AM
Yeah we all feel dumb not for throwing a couple bucks at this bitcoin thing back in 09. I think you could of easily got many bitcoins for free if you just mined with a standard GPU back then.

Hihi, if there would have been an influx of people throwing money at Bitcoin in those times after the first thousands or so it would have just raised in price similar to 2011 so to get a better deal you would had to beat the others that would have had the same idea.
But, more importantly, if you would have had bought at a rate of 1000BTC per $, do you think you would have also managed to hold onto those Bitcoins once they reached 1k and that $1 turned into one million?

If I'm not wrong then there is a website with same name claiming that they are the ones who started the exchange back in 2009. But, I really doubt their claims because the website was indexed on Google in June 2022 and the domain was registered on 2022-03-07 which seems a fake site to me.

Here's the URL of that site: newlibertystandard.io

Where are they claiming that, it's written even on their front page:

Quote
Back in 2009, NewLibertyStandard was the first website to sell bitcoin and a catalyst that helped bitcoin grow into what it is today. We replicated this site as tribute, including pricing data from December 2009 on our exchange page. Below is homage to those who helped along the way.



1058  Bitcoin / Bitcoin Discussion / Re: Some business/developers misunderstand how bitcoin fees works on: October 05, 2023, 01:51:12 PM
You can still maximize your transaction chance to get confirmation but with increments like 1.1 sat/vbyte or 2.1 sat/vbyte which can make bigger difference than 1 sat/vbyte or 2 sat/vbyte as chance will be bigger and you can still save more satoshi.

Without knowing how the transactions that are labeled on most graphs with 1-2 sat/b look you might achieve nothing.
Imagine you bump your tx to be 2.1 and not 2 and in reality, 98% of them are over 2.3sat/b, so your tx when confirmed might end in the same block as the round 2sat/b fee.

Bitcoin transactions are calculated in blocks and not time, so when you pay a higher feerate you are asking for it to be confirmed in the next block or next 2 blocks and not in the next minute.

Paying 300sat/b versus 100sat/b will not get you any advantage, that's what OP is saying. The chances of a 100sat/b tx right now to not get confirmed in the next block is close to zero, in two blocks it would have to be something a full order of magnitude more out of the ordinary.

Things like this:
https://mempool.space/tx/a3f4bfe2dbbf55f39f923375b6486614e739b50390f776a101653666772ff158
are just stupid.




1059  Other / Meta / Re: Can one plagarise unintentionally? on: October 05, 2023, 12:34:51 PM
I’ve seen people killing other people unintentionally too.
~
Committing plagiarism unintentionally is just like that. You may not know the consequences of doing it but it bites you in the ass anyway. Ignorance is not an excuse when breaking the law.

BS!
He killed somebody while trying to do something that could have resulted in somebody dying in 100 ways.
Every time you drive you might by mistake kill somebody, you might kill somebody by baking a cookie and so on, plagiarims by mistake is completely different.

To go by your example, the chances of plagiarism while typing your own thoughts are just like the chances of killing someone in the same specific way, on the same day of the week, the same weather outside by mistake! Zero!

It's almost impossible for people if not constrained by making their 4 lines of text quota with specific wording to a specific subject to end up even with one line of the same text, once the user stops trying to quota shitpost the chances are null! Add mistypes, spelling errors, and grammar, it becomes really impossible, even if trying to write down the same text from memory and two native english speaking users one from Australia and one from UK will end with different texts.
1060  Bitcoin / Bitcoin Discussion / Re: Capital Gains Taxes - How do you know which BTC or ETH was sold? on: October 05, 2023, 12:01:42 PM
Edit: I found this link which is helpful. Still not sure how to actually implement it.
https://www.accointing.com/en-US/blog/crypto-cost-basis

Use a quote if you're going to copy-paste and entire article, you're going to get in trouble this way.

I don't know how it works with accounting but that's how it works with Bitcoin. If you know your UTXOs and also know the prices at which you bought them, you basically know which BTC you sell at every time, provided that you have a self custody wallet with coin-control ability. If you keep your Bitcoin in exchanges, then it's a whole other story and you should WITHDRAW YOUR BITCOIN FROM EXCHANGES  Smiley

Accounting and IRS don't care about inputs or outputs or technical stuff.

It all depends on the taxation that your country uses or, in some cases it has multiple what they let you use.Without OP telling us from where he is this is a shot in the dark
If he is in the US he can use FIFO, first in first out, so if he has bought 10 batches of 10 BTC and decides to sell 5 he will pay tax on the profits compared to the first batch. If he sells 15 he will pay taxes on the first batch profits and on half of the second batch profits. In the UK the last time I checked they allowed Share Pooling so it means the median value of the bought coins versus the selling value.

So, it's all about the country's tax system.

But what if you don't use exchanges? I mean, personally I have stopped using exchanges, but I keep buying Bitcoin P2P. Let's assume that I wanted to declare capital gains, how else would I do it? There is no way  Tongue

Four hours spent each day for one week at the IRS and you'll come up with a solution.  Cheesy
Remember, it's your problem, not theirs, from their point of view if you can't prove you have paid anything for them then they will claim it's zero so you're going to pay tax on profits for the entire selling value.


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