Exactly, in the end, it will simply turn out that for every single guy who was lucky and found a block, there are hundreds who got nothing in return, You make the average, and over a longer period of time it will basically be the same as all those guys meaning together in a pool and finding a block.


I knew it wasn't going to be long, and here we go, we have socialism entering bitcoin mining and demanding a minimum fixed wage for each machine. Oh god, why does it always have to be a search for something that is not making money to somehow magically get paid more than it's worth out of somebody else's pocket?


I would argue that each of them comes with a but
- Miners are never outdated but their performance could be crap so in extreme cases you're better of selling the copper wire than running them,  for example, an S3 is earning you 3 cents before electricity costs.
- Miners can be resold but again, nobody will be buying you an eight year old dusty s7
- Miners can be scrapped but I doubt there is much value in them

Bitcoin on its own can't slide in a bear market because Bitcoin is a bunch of code!
It's the people trading it who decide if it's going to be stable, in a bear or a bull market, and if people decide so it will make like zero difference if the funds are on a Cex or in cold wallets.

Now, the painfully to admit part is that having fewer coins on cex will also trigger more volatility and more pump and dump manipulations which will harm way more the price than what a cex collpase would ever be able to do. If you end up with 10 000 coins on all exchanges it will turn out worse than some $1k marketcap shitcoin manipulation scheme.


Me too, I blame this so-called trend of moving coins out of exchange on the inability of those chain analysis companies to track the movement of coins and their cold wallets, we know from fillings for over five years that Coinbase holds some 1 million coins for its custodial service but I have not seen one of those companies pointing out the addresses where those funds are stored.
Thinking of this, nobody knows where Salvador coins are held either despite the whole world talking about it.

Kind of disappointing numbers for those who were making plans on how to live on selling their data to some companies!

I never understood why some thought that their internet usage behavior was worth that much, when you're on a budget and 10 cents in price difference is enough to change your buying habits why would a company pay even one cent for it? I did make a few of my friends angry when I asked them calmly and smiling, who the hell do you think you are that your data would be worth more than $10 bucks when that's all the money you have in your pocket?

Companies need to make a profit, if they would pay millions just to find out that the one thousand guys they get all the info on them have little or no intention of buying or using any of their products how would that work out?

Besides, I don't understand this fear of company x knowing I'm interested in product y?
So, what are they going to do show me add of product Z and I'm going to act like a moron and buy it just because I saw an ad?


A perfect example of how somebody making the minimum wage should not be that concerned Bentley Motors Limited has acquired his browing data habits. 

For $100-$200 worth of BTC Viabtc is simply a no-go, they were charging a ton and on top of that OPs tx are not even one input one output, Viabtc was charging over 200sat/b extra the last time I looked at them for a tx. Best case scenario OP would look at a $100 worth of fee.

I'm saying this approximately because, and this i a pretty weird thing, Viabtc paid service always returns an error, I tried the free one, it works perfectly it recognizes transactions, I even managed to accelerate one but the paid one give me an error all the time. It might be because I'm on mobile but I tried desktop view in FF and Chrome and it's still the same.

Anyhow, seeing how both wallets are centralized, there is no way to CPFP it probably it has to be a paid tx as that 7sat/b will not get confirmed too soon and I'm not sure how much the OP can trust his business partner.

What market?
The market for those tokens? They will probably all dump slowly on other exchanges once they have the liquidity to do so, the first one has around 2 million volume and around 1 million in depth so once Binance pulls the plug on those they will die a slowly painful and well-deserved death!
The global market?
It will be like the economy of the US caring if McDonald's replaces the McFish with the McTuna!

Right now we have far more tokens and shitcoins than a healthy economy would need, a ton of them just need to be sent into oblivion!


Yeah but this is not really about that, Binance has been delisting shitcoins for ages and it's simply a thing of having most of those shitcoins in BUSD pair as the others shown no volume whatsoever, os it's not like they delist most of BUSD pair as it's BUSD pai that are the shitties around and make the most in pair numbers alone.

Besides, wait till Biannce finds another way to create some stablecoin and add another 1000 pairs, I've heard rumors about that FDUSD but I bet they have another plan in the making on top of that.

He is very active? His last login was 5 months ago?
He hasn't logged in since 2020!!!!


When you start spending more time than normal or let's say healthy in a communty you stop thinking there is life outside of it, so now wonder some are surprised how could someone just quit, and it's the same for bitcointalk or gaming communities or Reddit subs, but there are a ton of things out there to try and do.
Oh, and I think you got what Helena Yu said wrong, I guess she mentioned signature campaigns as a reason why people don't understand quitting the forum, for most it's hanging here till death it's the only source of income so it would be natural for them to assume death and not quitting freely.

Ok, let's say it was a misunderstanding.

But why continue on this path the discussion about misinformation here when obviously there is none?
If you're thinking of accounts on twitter that spread such a thing related to this subject feel free to post it here but don't make it sound like I'm the one doing it because you can see right here on this topic I'm the only legendary that posted data while the others commented on it, so it's pretty normal I feel targeted, not to mention the fact that legendary implies bitcointalk since there is no such rank on Twitter.

I feel like nowadays you can't say anything bad about something happening in crypto without getting pitchforked as I said above, every single attempt to discuss negative issues is hitting a stonewall and I'm starting to wonder if some don't wish to live in a total denial state where there is no bad news and thus no threat on their wealth in coins.


Yeah, but if you go to the next line I dare you to say this in a post here without mentioning who wrote it first, and if you do please let me know so I can enjoy everything that is being thrown at your :

Lol, 11 196 years, 10 months, and 15 days in prison!
I really wonder how did they ended up with that number, ran it through a year>days calculator but it doesn't seem to be anything special even looking from that side, and neither does it from the ending point of the sentence, if he would have been sentenced till 10 000 AD it would have made sense. I imagine those last 15 days, you just scribbled 1000 walls full of lines counting those years and now you have 15 days left, that would be excruciating.

Also funny is that they sentenced him to 100-lifetime prisons but only a $5 million fine, if you don't expect him to get out why hot slap him with a fine that will also be impossible to pay, like the 2 billion in damages he created?


 

Are you calling me ignorant and spreading false rumors?
What false rumor, what am I ignoring and what do you hope to debunk?


Common, waiting 20 years when probably 100TB smartphones capable of 1 Gbps will be normal to raise the block limit from 1MB to 4 or 10 is just ridiculous, it's like a company saying now they plan on waiting till 2040 to release a laptop with 2gb of storage! Yeah, the time has been long gone when this should have been done already, all the babbling about high cost is just non-sense, nodes would need to spend $100 extra, make that for 10000 nodes, that would be 1 million over 4 years but no, no problem, let's have users spend an extra $400k in fees each day, that is normal!

This move could have killed all those shitcoins and cleaned the whole crypto space of copy-paste projects which have only one slogan, faster and cheaper than bitcoin, but no, just because the ones that had this idea in the first place were some pieces of shit now we can't do it because it would prove they were a bit right, and no one wants to admit it!


LN right now would save a lot of space if only it would be used by more exchanges as a ton of transactions that are only people moving coins from one exchange to another would be done through it. It would save a lot of space not to mention the whole batching process when exchanges consolidate their inputs but seems like things are going way too slow.

I waited a bit to hear some other opinions not to be the only one pointing out some rather troublesome things that might arise.

Assuming the hosting thing was only for child mixing and not other services and that those child services would rely just as some do right now on Jambler but on Mixtum there are a few things that are pros and some cons
- for sure exposure, more people working for a referral fee, more business more money
- what would that be worth it, it would mean child mixers would also have a share of the pie, let's say 2.5% plus 5% it becomes pricy
- more mixed coins would normally mean higher mixing obfuscation but within the mixtum model, is this possible?
- obviously being exploited by a third party who would use this as a cover, but I don't know what would stop them from using it right now directly

I would like to play down the whole thing about getting in trouble because of a child mixer, nothing prevents the main branch from getting in trouble right now if somebody wants to abuse it and besides with a child service you could also play the I didn't know it card. I've never heard of big hosting companies getting in trouble for the content some users deployed on their reseller's platforms, it's always the first link of the chain that gets blamed for everything.

But of course, we could probably analyze this better if as much as the situation allows we would have a better view of what they would try to achieve, so if it's anything different than what we think it is please do correct us.

2.6 billion in revenue, not profit!
Betfair had 4.8 billion in revenue with a pretax profit of 83 million, so if we keep the same ratios that would be a year running for nothing!


Why are you surprised by this?
CZ wanted to do that with Bitcoin when Binance lost money, do you honestly think a control freak like him would really allow a truly decentralized coin with his name on it to be the backbone of his business? I'm pretty sure he would fork it at the first sign he is about to lose total control over it.

No, the difficulty has little to do with the capacity of the blockchain except for small variations, during the adjustment periods.
And actually it's the opposite, difficulty going down because miners are turning off their gears leads to fewer blocks in the 14 day interval so lower capacity: https://newhedge.io/terminal/bitcoin/difficulty-estimator

Right now this is how it looks:

Just one day into this period we're down ~3.5%, meaning 8 blocks behind the target so around 20,000 fewer confirmed transactions than it should have been normally.

As many of you are aware, the mempool is full and overflowing and has been like that for a long, long period, when it comes to Bitcoin time. The last time it went near zero was back in April, and from then we haven't seen any sign of it finally going back to  "normal" times of cheap tx and gaps in which you can consolidate your dust.


Now betting on more acceptance, another bull run, are we going to see an empty mempool again or is this a thing of the past?

I would love to see your opinions but also, more importantly, your reasoning for this!
With enough tx for 3 days worth in the mempool, with hashrate going down because of decreasing revenue so fewer blocks each period which add to this, and not even a tiny sign of ordinal fomo dying down, my bet is on the next year or the holiday season at the end of the year.

When you start fixing the price, that's the moment you destroy everything else!
Trying to control the price of the currency will just ruin everything, turning it into a worse variant of fiat!

Besides, even making it stable against the $ will still not make is stable against shittier currencies like the ruble or the rial, so for like 90% of the globe it will still fluctuate, not by that much but still.


He just said it, in order to make it more attractive to be used as a currency, you know, that thing Satoshi wanted in his whitepaper?
But fewer and fewer are interested in that anymore when the mirage of doing 2x in $ overnight has caught almost everyone.

I quit after one page, the same promo bs on how putting your money in their business is a good idea.
Besides I'm really getting tired of how something simply having more hashrate is making the network more secure, it's all down to cost, to attack this so let me explain it for you without the mumbo jumbo the others were saying to make you lose your money in their scheme

- Right now hashrate is at 400 exahash translated into 4 million gears of 100th/s with a cost per piece ~2000.
- in May 2013 the hashrate was 100th/s, was the network protected by gear worth $2000? Could you attack it with $2000?

Hahsrate alone is a meaningless number, what it matters is how much money you have to pour in to obtain it!


Prepare to get pitchforked for this! 


While I agree with what you said as a definition and situation per se, is there a deeper something-something hidden that refers to my own assumptions?  Cause like now I feel like getting in defensive mode over any of my claims if one or other do need such!


It also took humans about half a million years to realize hitting with a rock tied to a stick is more efficient than with a rock in your hand.
Look how long it took to go from cheques and landlines to smartphones with NFC payments 

After?
St Leger course was established in 1776 and it's still ran even today, the Epsom derby in 1780, football rules were first established in 1863 .
Which one is the "new" sport?

---


Seems like all three of us were wrong, 1mbtc is not enough!
I opened a prediction game in the games and rounds and I have a 0:50 views to participation conversion rate.

It's either that the sub-forum doesn't get that much exposure or 1 mbtc is not enough to pick six of names!
Or is everyone here too rich to take a chance for 1mbtc, we're all whales of betstreet here?

Ironic they are not even burning coal but coal waste.

So, Stronghold makes it in the news again, I swear these guys have the most outrageous ideas sometimes, they've managed to get away with the first thing as in "disposing" or coal waste and residue through some mumbo jumbo of regulations and by saying that burning the coal waste is better than leaving it like that, although everyone with a brain would realize that 1 meter of soil on top of that would have been the best eco-friendly solution but now...78,000 tons of tires a year!!!

One stupid stunt like this and nobody is buying that eco-friendly crap the bitcoin council was promoting.


Tax credits for disposing of the tires?
I know they are a thing in the cement industry but I don't know much about the others, at least not in the US!

It's $0.0125 so down from 9 cents to 1 cent, what made you think that value was in BTC?


Actually, that's the interesting part of all of this, how do people see Bitcoin's role in the future?
The same thing as now with 1% of us trying to actually use it as both a payment and a way to keep our funds secure and the rest being interested in how much will it grow after halving, when ETF, when Wallstreet?
Because no matter how spectacular the rise in price will be at one point that will stop being out of the ordinary and if the coin wants to stay relevant it will need to become really mainstream, not fomo profits mainstream but day-to-day usage, and that...is tricky.

This topic is about racing and gambling, so I would love to see posting people who know about gambling it although I would love also discussions about why a horse is a favorite in this race, ground, trainer jockey combinations.

We're users from all around the world here with different timezones so for some UK/FRA/IRE racing would be a pain in the ass to watch so feel free to drop anything about races in Australia, US or Japan or where you're living, I might focus on my favorites but it's not a determined theme.

Please keep it about gambling no stuff like as xxxx is a favorite, I think he'll win.

Most odds will be taken from betfair,paddypower or from skysports for finished races.
If you're interested can watch replays for free :

https://www.racingtv.com/videos/horse_racing_replays
https://www.attheraces.com/replays

Live is available on Betfair on the betting race, I don't know any legit free streaming service that covers all the races as I have the premium sports package but if anyone knows please post it. Other internet stream services, there is a ton of them but so full of ads and crap I will not recommend any to date.

Also due to complete boredom, I will sponsor for a limited time a free prediction game for most Garde 1 festivals and meetings probably once a week, the links to both active and ended rounds will be listed in the second post.

PS.
Not to scare everyone from an already "exotic" sport for some, I decided to keep the topic unmoderated, but that's not an invitation to make your quota here.

~removed~