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1381  Bitcoin / Bitcoin Technical Support / Re: What happend to the mempool on the July 22nd ? on: August 03, 2023, 03:07:59 PM
The way that the transaction is represented on the graph can be quite confusing. Johoe's mempool likely didn't drop the transactions and if it did, you'll see the proportion of 1sat/byte transactions decreasing faster than the rest.

It actually dropped, they've dumped quite a ton of them, and the 1sat/b was the only one affected.
That said, yeah, Johoe's layout is not really my cup of tea.

As for OP, I can tell you what happened, a ton of ordinal inscriptions that while small in number of tx large in size pushed a lot of older transactions out of the mempool that was just clearing a bit up, so suddenly every single estimator went nuts, people stopped sending 4-5 sat/b tx and this discouraged rebroadcasting of older ones so that's why the slow build-up back for 1/sat b in the mempool.

To be honest, is understandable, you waited 3 months rebroadcasting your old tx over and over, and just when you see the light you see another wave that pushes you again out of all 300MB mempools of course they would give up just CPFP so highly probably a few of the 1sat/b have just been upgraded o 4-5 or even 10sat/b as some lost patience. I would have probably done the same, just pay 5-10$ and get it off my mind.
1382  Bitcoin / Development & Technical Discussion / Re: Proposal to Address Dormant Bitcoin:Recycling Lost Coins into the Mining Process on: August 03, 2023, 02:53:27 PM
In fact, depending on the fiat value (or whatever the representation of the electricity bill then) we could get away with 1 BTC block reward or even less, and still keep a high enough hashrate that makes the network more secure than it is today or even better, so that suggested fee could drop to below 0.25% a year or so, and it could be adjustable based on some variables.

One issue with this:
3 BTC at $60k will guarantee you the safety we have now.
0.3 BTC at $600k will guarantee the same safety.

The problem is that you're guarding in both cases with the same hashrate or miner cost to be more precise an ecosystem worth 500 billion and one worth 10 trillion. So if 3 billion might sound like a lot to attack a coin with a market cap of 500 billion it doesn't sound that excessive when taking down one that rivals the GDP of the USA.

The economics of mining by and large follows the value of the coin, which is regulated partly by the difficulty. Our optimal outcome would be to have a network that has a high difficulty and thereby a high opportunity costs that comes with any attack. If we were to consider the deflationary nature of Bitcoin, it is more likely for the price to increase in tandem with the deflation rate. Whilst for one with an inflationary nature, we would have the price decreasing with the inflation rate.

Case in point, if we do not see high adoption rates by the time mining rewards dwindle even further, it would just be an indication that Bitcoin hasn't been a successful experiment. More likely than not, a replacement of Bitcoin would be readily available by then and it would provide more utility than what we have.

We had a glimpse of that a few weeks ago when the fee paid nearly exceeded the reward for a few blocks!
Was that sustainable the long run, obviously not!

Now there comes the problem with the rising BTC price and the fees that have to prop them up, for sure people like to talk about prices in BTC, that the fee is not in cents but in sat/b but in reality, nobody gives a damn how many satoshi that is but how much $ you have to pay.
With fixed blocksize the math is pretty simple:

Quote
Transactions last 24h
(Number of transactions in blockchain per day)   456,073
Reward (last 24h)   968.75+21.92 BTC ($28,921,512.6)

So 450k tx that need to cough up 28 million, that's 62$ per tx on average!

But what if the BTC price doubles every 4 years to compensate?
As I said above, you're just having the same number of security guards while doubling the area they need to patrol and twice the merchadise!
1383  Bitcoin / Bitcoin Discussion / Re: Spending on Harlots/Hook Up Girls Instead of Investing in Bitcoin. on: August 03, 2023, 01:50:12 PM
Why can't they used that money given to the women just to satisfy themselves for five minutes or one night stand to invest in Bitcoin so that anytime when bitcoin rise they can see profit from the money.

For the 10000000000 time!

Not your keys, not your coins!
My keys, my coins, my money, my decision on what I want to do with your money!
My life, my decision, NONE OF YOUR BUSINESS!

So stick your morals and your arrogance where they belong and take a second to look in the mirror and ask yourself what's wrong with people like you who see can only see and think of how to make more money every second of their life while forgetting to actually live it
1384  Bitcoin / Mining / Re: Binance Pool Launches Presale of Cloud Mining Products on: August 03, 2023, 01:45:02 PM
Old news and we already have multiple topics about it:
https://bitcointalk.org/index.php?topic=5445340.0

1385  Economy / Trading Discussion / Re: Are exchanges evading proof of reserves unsafe for users? on: August 03, 2023, 01:37:04 PM
I noticed that all the exchanges that I am using like Binance, Bybit, OKX, Huobi global and Kucoin all have proof-of-reserve. There are many exchanges that are having it that crypto exchange users can choose from.

Lol, Binance?
https://coinmarketcap.com/community/articles/63a2946981d6291ec15005c8/

Quote
Apart from that, Binance’s released proof-of-reserves shows a gap of 245 million dollars that claimed to be lent out (Binance claims to have collateral) to a third party and were out of bounds for Mazars. Also, Mazars did not release any reports disclosing the mechanism that it used for conducting the Binance audit.
One more important thing to note here is that, right after releasing its proof-of-reserves reports, Binance moved billions of dollars worth of funds out of its reserve wallets to unknown wallet addresses. When the questions were raised, Binance cited the on-chain activity as nothing but security measures for moving funds to secured cold wallets.

Let me guess, you actually believe the whole #SAFU thing?  Cheesy Cheesy

FACTS:
Japan has legislation in which customer funds be it crypto or fiat can't be moved outside designated bank accounts, Binance fled Jpana not willing to obey, FTX stayed and FTX customers in Japan have received all their money.
The US wants to have the same legislation, but Binance wants to flee and avoid it!

Think again, why don't they want that?
1386  Economy / Economics / Re: The American Dream. What is Your Country's Version of it? on: August 03, 2023, 01:19:06 PM
This is a very tricky discussion, without going too deep into the debate, let me make the concession. Due to land, the poor decide to stop working, because they finally realize all the hardwork they contribute, they are not gonna get reward with anything, instead of working toward farming food on the land, they decide to go to war, this way with less people to compete, they can have more land to spare, basic supply and demand theory.

That doesn't really answer why Australia is not going to war and trying to seize islands while Russia does, why are some poor countries not interested in the land, and why some are. Besides, it's never the masses that go on a land conquest.
 
Well, I think you would have know the answer by now, it is not too confusing to understand how they end up to destruction, why Russia is destroying itself? According to economist, because the UFO invading earth, because Ukrain, because Nuclear energy, because climate changes blah blah blah. But which is the real truth?

Dictatorship and brainwashed people that think they are bringing the world the Russian mir while half of them don't have inside plumbing? Communism that destroyed the ability to think outside the box, private enterprises private initiative, and has led to a level of corruption and bribery worse than cancer?

It's pretty easy to know when someone is to blame, you ask him who the culprit, if he's pointing at the world order, reptilianism, or capitalism without knowing what capitalism is then obviously he's the one.

I think the American dream is an illusion created by leaders in America to get their citizens to work.
~
I just want to accumulate enough Bitcoin so I can be able to get a van and go live off-grid.

Shows pretty much why half the world sucks.
Screw work, I just want to get some Bitcoins that will magically go up in value so I don't have to work one second in my life.

Of course, the American dream is not for you, and of course, the US sucks compared to the country you're living in right now, right?
Btw, which country is that, the Netherlands of Philipines?

1387  Other / Meta / Re: Ignore user confirmation before ignoring on: August 03, 2023, 12:37:53 PM
You can not Ignore a user by clicking on URL links. You only can do it with your Ignore list by adding that username into your Ignore list or by clicking on Ignore. The former is no way to be done by mistake and you don't know about it. The latter can come from mistake when you are on mobile. If you want to click on the username to go to its profile and mistouch on Ignore.

The ignore link is an url!  Wink
I've managed to do that by mistake on a tablet when doing the lazy scroll, one bad timing and it's a tap instead of hold and release, and if you're not really careful the guy gets ignored and you won't realize, especially if you have a long ignore list. I don't have anyone on ignore so in my case I instantly know I made a mistake when I see an ignored user but users with a long list might not realize for a long time.

1388  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Not Crypto, The SEC Confirms on: August 02, 2023, 04:02:42 PM
Bitcoin is not Crypto, we know that for years.

Who is we?
You and some poor $5 per article blogger who does only clickbait titles?

Sometimes you can just laugh here at Sec, because Bitcoin has existed in this business industry for more than a decade, don't say that they just realized that Bitcoin is not crypto.

Oh god, there are more of you?
Do you people even think one second before typing?

Op I must say the truth, O don't understand you and US SEC. How on Earth someone would come and tell me that bitcoin is not cryptocurrency.

The author is an imbecile!
The correct title is that Bitcoin is not like the other cryptos or that cryptos =/=bitcoin!

Quote
And yet, in the context of how the digital asset marketplace has evolved since 2009, when bitcoin was created, it’s easy to see why maximalists distance themselves from the more generic term. Today, there are thousands of copycat cryptos. It’s true that a few are experimenting with innovative technologies – algorithms that bitcoin may, one day, absorb into its code – but the vast majority can be dismissed as scams and get-rich-quick-schemes.
To many in the space, crypto has become a euphemism for fraud and exploitation – the opposite of the autonomous digital cash Satoshi Nakamoto set out to create.

What the idiot tried to say was that Bitcoin is not a shitcoin, not that bitcoin is not a cryptographic currency.





1389  Economy / Economics / Re: The American Dream. What is Your Country's Version of it? on: August 02, 2023, 03:40:13 PM
It is definitely not hard, with vast land, America still have a big room to grow. Because the population is just 300m, and the America land occupy 1/3 of the total earth surface area, that is lavish to everyone!

USA population is 330 million but the USA is not occupying all the land in the American continents, which btw are less than 30% of all land, Americas means also Venezuela and Haiti and there the dream is having food next day.
And land, the whole thing is stupid Russia has plenty of land and look where it is, the Netherlands has 20 times the density of Sweden or Sudan , do you see the later catching up? Too much land might be a curse rather than a blessing.

I've never believed in the American dream, I wouldn't want to live in that country or in a country that strives to be similar to it. ~
To be honest, my country's situation is kind of special right now because it's Ukraine, and we are at war with a much bigger country.

Thing that would have never happened to someone living in the US.
And trust me as a fellow eastern European, I would take student debt and expensive healthcare anytime over the corruption that has plagued us for decades and probably it will plague you for two or three after the war is over too. You have free healthcare but how good it is? How much do you actually have to pay the doctor and nurses for everything in a hospital? How much do you have to pay to have a good doctor take care of you and skip a few months for an operation? Been there, done that, I won't regret it one second!

With a high unemployment rate, housing crises, increasing student debts, inflation, recession, wars, famine, high interest rates and all those factors that affect the economic mobility of many families both in America and all over the world threatening to wipe out the middle class, would we still say that  the American Dream exist?

Unemployment is going down in the USA, inflation is going down, there is no recession, famine just lol, famine in the largest producer of food in the world, lmao, hight interst rates at 5%, go to Iran or Argentina and count the digitis, war? On US soil?

Before even thinking of such things, look at the millions that risk their lives to go there and to flee to Europe, then ask yourself why is nobody trying to go ot othe countries that claim to not have problems?






1390  Economy / Economics / Re: What's the effect of having plenty children to the national economy of a country on: August 01, 2023, 09:44:34 PM
In the past before the current economic era, around the 15th century and the beginning of the French industrial revolution, having many children was seen as fertility and good for both the family work force and country's also. The labour force was majorly manual and those who worked at the plantations were sort after as able bodied men or women.

It wasn't like that at all.
France population was around 20 million in 1500 it was still 20 million in 1700 and barely reached 40 million in 1900.

The reason for having a ton of children was this gruesome and sad reality kind of thing:


The same thing nearly happened to one side of my family with one of my grandfathers being one of the two kids in the family who managed to start a family on his own out of 8 children, he had 6 children of his own for only my grandfather and his sister to survive. It wasn't that much a thing of providing a workforce for the country as making sure of having at least 2-3 children reaching maturity and starting a family to have some support at old age.
1391  Alternate cryptocurrencies / Altcoin Discussion / Re: USDCCOIN.ORG nft claiming to be 1250 usdc airdrop. Is this legit? on: August 01, 2023, 09:23:22 PM
It's a scam just like the ton of other websites, usdcapp.dot.org popped up yesterday in this forum with the same crap, a free $1000 NFT airdrop that time.
1392  Bitcoin / Bitcoin Discussion / Re: SEC asked Coinbase to halt trading in everything except BITCOIN, CEO says on: August 01, 2023, 09:07:01 PM
lol I don't need to search for it! I've already seen it.

Were they still there when you woke up?

All I did was state Gensler's publicly stated opinions, thing he has been very clear on during his entire time at the SEC. And yet to you he is apparently a hero so much that you attack me for pointing out what he has said.

All you did was present your dreams and delusions as facts while calling others delusional.

But just don't get so angry when someone like me comes along and literally just states the facts.

What facts? Do you call your gibberish conspiracies farts facts? And you still talk about putting people on a pedestal when the first thing that needs to go down from one is your ego?
1393  Bitcoin / Bitcoin Discussion / Re: SEC asked Coinbase to halt trading in everything except BITCOIN, CEO says on: August 01, 2023, 08:33:13 PM
Gary Gensler has literally said Bitcoin shouldn't exist.

And I assume you have the evidence to back this up, right?

Publicly available information buddy.

Which you're either too lazy to search or you know you can't find it because there wasn't ever such a thing.

Just a couple monthly ago he literally said the US doesn't need cryptocurrencies and they won't last very long, he said the world already has digital money (USD, yet, Euro, etc) and doesn't need anymore.

Again, bullcrap
Here is the full interview
https://coingape.com/digital-currency-sec-crypto-news-lawsuit/
He didn't say we don't need Bitcoin he said we don't need worthless tokens with zero real-life usage that can be launched without going through the usual channels as other securities are doing. He called for the end of tokens that are being launched without any kind of documented information and transparency. Things only a shitcoin lover would be against!

I don't get how people convince themselves that Gensler is somehow pro-Bitcoin lol. Collective hopeful delusion I guess. You literally have to be be not paying attention to anything he has said and done in regards to Cryptocurrencies to have that opinion. Every single thing he has done with regard to cryptocurrencies has been to try to stop the industry in America.

No, it's you who simply isn't paying actual attention to anything and you just let the tinfoil hat so long that it has taken root on your synapses  Wink
The evil gubbermint is here to kill crypto, if that is what you want to believe, be my guest!
Weird how the repitlians who control everything in this world are against crypto and they want to kill crypto but surprisingly they haven't done a single thing against it. Oh, and btw, crypto is not Binance or Coinbase, in a truly decentralized world those would not exist at all!
1394  Bitcoin / Bitcoin Discussion / Re: 51% attack on: August 01, 2023, 03:22:54 PM
~

In your example, if there is 437 TH/s and a malicious party comes along with 223 TH/s, then now there is 660 TH/s altogether. Of that 660 TH/s, the malicious party owns 223 TH/s, which is only 33.8% - not enough to perform a 51% attack. The malicious party would instead need 438+ TH/s, at an even greater cost.

Your math is accurate only if you are taking hashrate which already exists (such as a mining pool) and turning it from honest to malicious, not if you are adding new hashrate.

But that's also not accurate since adding right now 200th/s would drop the revenue per th/s per miner from barely 7 cents as it is now in the 5 cents area and it will push a ton of hashrate out of business since they will be in the red.
And the prices of the hashrate needed he mentioned are also bad, he went for the s19pro at 110th/s for 3000, that's $27 per th/s when you can buy S19hydros at $11 per th/s or pros at $16 per th/s and I'm talking about new gear from Bitmain not used gear on the market. Even new with older models I saw Mikey selling at $9 per th.

But that aside, there is the thing of why doing it, and the best example is right here:
Bitcoin Scam Vision has around 600Ph/s, there are 7 companies I know of that have way more hash rate than the entire network yet none is doing anything against it. And why would they? And why would anyone do this to BTC also?

 
1395  Bitcoin / Bitcoin Discussion / Re: First Bitcoin ETF got approved in Europe? Really on: August 01, 2023, 02:39:30 PM
The thing is why this ETFs is so underrated then other. Because such news must have good impact on the market as well but it didn't.

Because it's sketchy as hell.

Everyone says European but it's registered in Guernsey and if that doesn't ring a bell let me tell you this, Guernsey is a self-governing dependency of the British Crown, part of the Bailiwick of Guernsey but it's not part of the UK nor part of the EU or the EEA.
So this fund has a Guernsey FSC license, which is not seen as different from a Curacao gambling license.

This thing doesn't meet UCITS standards approval so, no EU pass and also no EU investor protection under UCITS framework within the EU
1396  Economy / Economics / Re: I think SEC was right this time as they sues Crypto Influencer -Richard Heart on: August 01, 2023, 01:56:24 PM
I am pretty sure that if in  2019 the SEC had said something against Hex an army of useful idiots that can be bought with 2 shitcoins a piece would have gone on a rampage defending this reincarnation of Bitcoin Jesus and telling the government to fuck off as it's their money their shitcoins!
I can't wait to see the Pickachu faces when that house of cards scams Binance goes down and what are all those asslickers going to do.
Quote
The SEC alleges that the funds raised for PulseChain development and marketing, or allegedly to support Heart's claim of fostering "freedom of speech," were instead used for Heart's personal luxuries, including a 555-carat diamond, high-end timepieces, and premium vehicles.

The usual story, tell the sheep you're fighting for their freedom while emptying their pockets.



MagicalTux vibes!
1397  Bitcoin / Bitcoin Discussion / Re: SEC asked Coinbase to halt trading in everything except BITCOIN, CEO says on: August 01, 2023, 12:42:36 PM
Gary Gensler has literally said Bitcoin shouldn't exist.

And I assume you have the evidence to back this up, right?

But what I don't get from these guys.. is how do they differentiate Bitcoin from all other altcoins despite all these falling under the umbrella of being cryptocurrencies!!? Very fishy tbh,  more like divide and conquer....

So for you, there is no difference between Bitcoin and Binance coin or shitcoin or memecoin or bitconnect cause they are all cryptos?

And furthermore If I am a true bitcoin maximalist and I :
- despise every other shitcoin in existence
- I go by the "not your keys not your coins" motto so fuck all CEXs
I am someone from the SEC or the evil gubbermint?

Regardless if you're for or against altcoins, the Bitcoin community should be against things like this. The SEC shouldn't give a crap what people want to do with their money; because well, it's THEIR money. The people should have the freedom to shitcoin.

Nobody is stopping you from buying shitcoins ith your money, that's not what the SEC does, and since we're talking about shitcoin simple example

- Nobody is stopping you from selling or buying used panties
- No way in hell would be Walmart allowed to sell used panties or socks
Simple enough? Is someone right infringed with this? No! Just as it's not here since Coinbse is a company that provides services and it's under regulations.

I would never dispute the right of someone to invest their money in whatever they want, but I would ask everyone who does so to sign a statement that they cannot ask for any help from state institutions for any possible loss. If people don't want the state to regulate the wild west when it comes to altcoins, then let them be prepared to bear the consequences of their decisions.

The crypto environment never ceases to amaze me
- everyone should be free to buy any shitcoin they want
- hang all pump and dump scammers
- CEX that are outside US and EU jurisdictions are nice since they are not controlled by the government
- the government should send Navy SEALs team to hunt down those off-shore exchanges that ran away with our money
- never put your money in CEX
- it's my money allow me to lose it how I want but make sure to repay me
1398  Bitcoin / Bitcoin Discussion / Re: SEC asked Coinbase to halt trading in everything except BITCOIN, CEO says on: July 31, 2023, 05:39:37 PM
It is amazing how Government already considers Bitcoin totally different than altcoins.

Surprising?

I've been telling people for months that Gary Gensler has told numerous times that Bitcoin is the only true decentralized cryptocurrency out there, the guy has been holding courses at MIT about Bitcoin and stated that so many times everyone who would have listened would have got it but no, Gary is evil and that piece of shit shitcoiner CZ is the crypto hero!

F***, that guy spent more time teaching about Bitcoin than some shitposter and their whole alt farms did while spamming the forum but...
https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/video_galleries/video-lectures/

US governments used to play games and this is just a part of there game. All they are doing is, placed one group around one corner to talk bad about BTC and another group in another corner to support BTC. And they are getting benefit from BTC as one group and filling there pockets equally.

Stick your tinfoil hat where it belongs, those things are really just yesterday's conspiracy material!

Lol! US government is slowly showing their true colours.

Yes, because that's what Satoshi wanted, centralized exchanges that hold your coins captive and manipulate the market and a flood of shitcoins doing pump and dump schemes. that was his vision!
And the evil gubbermint is trying to destroy this magnificent dream!

1399  Economy / Speculation / Re: BITCOIN NEED NEW MONEY AS MUCH AS HALVING TO SEE SUSTAINED HIGH PRICES on: July 31, 2023, 02:58:43 PM
It is not that complicated, the rise on the price of bitcoin should be caused at the early stages by the miners, once the halving takes place they will receive less bitcoin for each block they mine, so in order for the miners to keep themselves on business they need to increase the price at which they sell their bitcoin,

Asking as a miner, how the hell do we do this because if you know the way we're going to pump it right now!

Something I do ask myself each time we expect a rally: where will this cash come from?

From the recession bruh!
The bankrupt companies, the people who lost their jobs and savings, the banks with no money, the investors left penniless from the stock market crash, the war refugees who fled with their families and two pairs of socks, all of them will throw their money at bitcoin.  Wink

Anyhow, people should not forget that even after the halving if the price will be 100k per coin you will need money invested daily to offset the mined coins. Last 24h it was $31,294,399.12 , with coins at 100k and half the reward as how you would still need $45 million daily!

1400  Bitcoin / Electrum / Re: Transaction pending after 1 week on: July 31, 2023, 02:41:31 PM
i finally tried to send all my mBtc to another address and all appears unconfirmed
------------------------------------------------------
On the french forum, they told me that i sent to myself mBtc, i dont understand why..

You just said it yourself that you did it.

Well, your transactions are  a mess, to be honest, I assume this is the last one :
https://mempool.space/address/bc1qt503lsmgnq2yt5hzshnfj83232h8wcxa0ys84l

It has 3 unconfirmed parents
https://mempool.space/tx/ba2c48b7497a10bd5dae0d74f2954bb14d1c29cfc82e5d6fcc581ad905ff7a06
https://mempool.space/tx/c99c67fd780ec3874b233001ce7d1e7b51d5552345fcd225c663699cacccb590
https://mempool.space/tx/6139e73dc590a72ccbc59fcf5011617d92ee0bf477dbeb0b1913538e4b964f29

And the effective fee rate is around 5sat/b so unless the mempool drops to that level you won't get them confirmed adn I don't see that happening too soon.
Is bc1q7haaawetza8t4pu9glnpsnyph2kcdpc5s4nt4y yours I guess and you tried to bump ba2c48b7497a10bd5dae0d74f2954bb14d1c29cfc82e5d6fcc581ad905ff7a06 ?

Then it's pretty simple you tried to increase the fee by too little, try putting a few extra sat otherwise you will probably not get it confirmed even in an extra week.

Also, Viabtc won't work with your fee which is below their 10sat/b and the paid version will charge you more than your entire sum.

Wait a bit before trying again, somebody that is way better than me at math might give the minimum necessary fee to bump that one or you could try adding 1 sat directly.
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