Simple!
Foundry USA which is the biggest mining pool right now, and the one that sponsored mempool.space with both money and hardware is now planning on offering the same thing as ViaBtc does but through mempool.space . As you can see the block that confirmed it was mined by Foundry , but it was a coincidence they mined one right then, probably they've done more instances of the videos till they got one right!

Btw, their new feature seems to not be counted by the explorer, it still shows the fee span as 86 - 401 sat/vB despite it being 1 - 401 in reality.

Maybe it's Fahrenheit? 
Quite the coincidence but 97F is around the normal human body temperature, so, it makes sense, they are heating up the workers to be more productive! 


How about not, people who have f**** their own country with their stupid votes should stay there rather than go to a different country and do the same, but it's a bit too late, it's already happening as I see the ones fleeing collapsing countries for a better life here advocating for the same stuff that made them flee in the first place.

You have just described the growing demand!
And no, as with any other thing out there, be it an asset, a commodity, a metal, oil, real estate, jpg monekys or bitcoin they all need more demand in order for the price to grow. How could the price even go up when there would be fewer people with less money buying than people selling?
No matter how great Bitcoin is it still needs to abide to the laws of economics.


You've been around this forum for almost a year and you seriously, seriously!!!! want to discuss this here?
Besides, just a quick search and I've found a ton of topics with the same thing, why not express your fears there?

How do I convince people that Bitcoin isn't a financial pyramid
Bitcoin Exceptionalism: Why Should this Pyramid-Ponzi Not end Like all Others??

It worked for the US it worked for Europe despite being in the small single-digit area, it has been proven a lot of times during the last century and there is little to debate, making money more expensive for borrowers drives down consumption and inflation, it's simply economics.


In Argentina's case?
Pretty simply, make a list of all the things that have been done by the government since the 50s last century, and don't do any of them again!
It will end far better than the current path. But more realistically, just flee the country, it's doomed to be in a perpetual loop of crisis.


Then, why is Japan not experiencing inflation despite being dependent on imports and why is the US having inflation when, d'oh, they can just print it?
Besides, how could Turkey be 20 times more dependent on imports than all the countries in Europe?
Inflation is simply a cause of more demand and less offer, we have just entered a period of consumption after the lockdowns and the industry with the broken logistics chains can't revamp production as easily as customers decide to spend money.

This is another example of how the actual population is the one deciding the fate of a country
- you can have billions in resources, but that's not like those were given to you or you earned them somehow, it's just that in the lottery of life, you were born there and not on a completely different continent, so one shouldn't feel entitled just by that
- you can have almost no resources but ingenuity born out of shortages will help you way more than just having your meal dropping on your head every day, see how Japan industrialized itself

Besides, since the discussions start with we have resources, we need to be wealthy, It is clear how this will go long term even if those resources will be exploited, a classic example of Dutch disease where everyone would simply depend on the price of minerals on the markets.


And the ability to print money has been always a double-edged sword, look at what this did to the Zimbabwe dollar, the Sudanese pound, the Naira, and the SAR rand, almost all of the currencies have lost 80% vs the dollar, while the CAF, it was 0.0019 in 2003 it's 0.0017 now 20 years later.

It's a free market algorithm.
There are more people who want a confirmed tx than space available and since there is no other way to select tx that won't be abused by spammers and make thinks far worse this is it!

I'm pretty sure you would also sell your coins to the one offering $22.5 k when you have offers for 26.5k just because the other guy has been waiting for days for a customer!Right?


They all follow it, one exception to the rule is viabtc which allows up to 100 tx/h submitted on their website in the next block, but with their own rules, under 0.5 kb and over 10sat/b.

Again, what innovation?
You could have given a real example where a company forced to take care of customers money can't innovate anymore cause for sure I haven't heard of one in my whole life.

Every single time that we have things that regulate financial companies and customer care there is this thing how this is bad for crypto for some reason when the whole thing shouldn't have existed in the first place, the whole deal of not your keys not your coins.

All the complains essentially boil down to one thing, people will not be able to invest in crypto freely because of a fee and somehow this will kill...omg!
How easy is for a guy in Kiawabuga to buy Tesla or Tsmc shares? Did it kill innovation?
Did any of those Icos that burned billion had any real life real product proven innovation?

How can normal companies invent millions of things and suddenly because crypto companies are required to deposit safely customers funds they are getting lobotomized.
Common, this is just bs and propaganda from exchanges that, like davef said, have no books and have no idea where customers money really is.

If people wouldn't be mining in a bear market then bitcoin would have stopped existing a long time ago, after the bear market in 2013, 2017 or the last one. Where did you even get this idea from? Does this look like miners stopped mining?
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3y

Because some people invested in gear at the wrong time and need to shut down when the revenue is lower it doensn't mean it's a trend, it's simply economics, the ones doing stupid investments are paying the price.


Lol, no!
Bear markets are when you buy gear as the prices go down exponentially.
A s19 used to cost 7k in 2021, now you can get it go $1k.


No! Miners stop mining when the revenue is lower than the costs, a bear market can trigger this but even prolonged periods of up and downs can do the same, rising energy bills can do this also, in my case for example where I downsized my mini farm because my profits were dust.
A bear market can be the trigger but at the same time better prices don't always mean better revenue, 2020 or 2023, 10 or 27k now, and the income per th/s is still 8 cents in both cases.

Same for ItsCrafty, he also mentioned he's from the US when he was buying hardware in 2017
https://bitcointalk.org/index.php?topic=2437053.msg24979954#msg24979954
Obviously, it's not the original owner behind it, no way possible.

Anyhow, I don't know why we should still discuss reputation if indeed he was found out with plagiarism, there is only one outcome once that is proved, the whole owner change thing becomes irrelevant when the account is banned.

Ok, let me be completely blunt about this!
You've earned money from your "info", you made profits and now you're willing to invest hours of time-consuming work, pay for resources and stuff, deal with others, customers, take payments all that.....for the love of the community? Yeah right!
If you're still going to charge others for your "info" why not use that for yourself and make profit far easier and with fewer headaches?


It is pretty simple, you just have to prove that your "signals" are not just pump and dumps schemes like the rest of the 100% services out there, where the actual users are just used to unload useless tokens on him. Just like the users above said, you want to earn trust and post a few of your signals here, but obviously before the pump or dump happens, and not 10k volume coins either, cause otherwise you will be just one of the rest and we already have way too many.

And here we are again, right after being told that the deficit was a fluke, that it's some state business with taxes and other bla bla that the deficit will be covered, and that Russia's economy will keep grow when in reality:

Russia Budget Deficit Hits $45 Billion, Exceeding Full-Year Goal
https://www.bloomberg.com/news/articles/2023-05-11/russia-budget-gap-hits-45-billion-exceeding-full-year-goal

Russia's Economy Contracts 1.9% In First Quarter
https://uk.finance.yahoo.com/news/russian-economy-shrank-1-9-161523790.html

Love how Europe is sinking although it records growth while Russia becomes a superpower while in a complete recession.
But, yeah, reality and propaganda can't show the same picture, ever!!!!

This can't be really called an app, it's just a bunch of info and links, and not-so-good info and not-so-good links either.

I don't know where it pulls this info from or if OP is the author but there is a mess of everything there, for example, hey call Coinbase and Mycelium hot wallets, and when it goes into details it says stupid things like this:
"Bitcoin addresses always begin with numbers 1 or 3". Common!
or
"A hardware wallet can be used for storing large amounts of bitcoin for the long term, while a mobile or desktop wallet is typically used for moving bitcoin between exchanges."

Not to mention that LocalBitcoins is a recommended exchange, lol!

In short, not so much of an "app" and you could probably have found all that info by just opening bitcoin.org in your browser.


When your info is 1-3 years old seems like you need to be kept updated first.

Have you actually read what this is about?
What freedom and sovereignty are you talking about when this is clearly about


crypto assets you have deposited on a 3rd party like an exchange?
You already introduced this middleman when you deposited the coins, this will guarantee you that another 3AC or FTX won't happen, it's not like they are demanding to put your personal assets with a custodian. They are requiring businesses that operate with a crypto currency to use one to safe guard user deposits.


Why? Because half of the world can't read 3 words into a headline?


Completely outrageous! Such a disgrace! Incomprehensible!  /s


How?

Muhahahaha, what took them so long?
Just selling devices isn't making enough money, you don't make enough money out of selling a smartphone you make a ton on the apps the people are buying, so just as Mercedes wants a monthly fee for allowing you to fully use the car, how about Ledger charging you some monthly fee to lose all your money? Having people being their own banks and independent is simply not profitable, let's milk the cow while we have more and more users that are gullible enough to think that 9.99$ protects their money way better than they could do themselves.


How many times have we heard about "gold standard" "military grade" and all those bs words only to find out a few years later the whole security was more like  Swiss standard Emmental cheese?

What is going to be interesting to see is how this will unfold if we fast forward one year or two, the ones that know what this shit means will stop buying, but...the people who already bought one and are throwing it out of the window weren't in their soon to be again customer base anyhow, so a backslash from the old guard won't affect them so much, while the new generation that still believes in the #SAFU bs is way more numerous.
Interesting times, a ton of popcorn is needed as I'm pretty sure we're in for even dumber things down the road.

The tx OP mentioned:
https://mempool.space/tx/159e82ff52bc29286b123102d0c4786c386bccb5a52bbfd20b08b0d796ea16b4
was made 6 days ago
Three days ago somebody already made a CPFP for it
https://mempool.space/tx/3fd47e9b5b569d7bc13509f1d6a1ed9f51e5938ac3d104d50f4815e308e27970
but even so, the bumped fee is still too low, from 2 to 13 sat

Since OP didn't mention doing anything, I suppose this was the other guy doing it, so probably an automatic system, one can still hope that during the weekend the whole thing will get confirmed and they will not demand some extra $ for the exchange rate change between the payment days and the day it got confirmed.

If indeed it's a payment processor like Coingate, they will most likely return the amount minus fees immediately after it gets confirmed, this happened to me once because of the gap of 1 hour between blocks that screwed all the fees!

And people transferring coins should also pay once in a while my electrical bill, wouldn't that be fair? 

There are 1000 topics with 1 million answers on what happens when the block reward is gone so miners will survive on fees and everyone says the network will be secure, there won't be any problem, and the miners will be happy with the fees, but when briefly for 5-10 blocks the fees hit the same level as the reward everyone as saying they will not pay that much! How is this going to work?
Do you want cheap transactions and a system that requires billions for an attacker to even try damaging it? You can't have both!


If miners would consider low fees based on let's say the time of the tx, which is not really a reliable method but let's get with this:
An attacker will simply generate 500 000 transactions, and pay a little over 3 cents per tx, that's $15000 a day and the whole day miners will just mine his tx and nobody else's. So for half a million a month, you will make the chain unusable!


First, Bitcoin has nothing in common with socialism, so the whole charge of the rich more and giving the poor for free is simply not doable here.
Second, If I make a tx in which I spend out of 1 BTC 0.0005 for something and the rest goes to a different address of mine, not the changed address, how am I going to be taxed? For the whole 1 BTC or for the 0.0005?

Sorry but BTC is the perfect example of a free market where the law or demand and offer are set in stone.
If you want progressive taxation, use Western Union!

So you say that credit is not real money?
So if I take a loan from a bank, this loan is fake money, I buy a car from you the money you get is fake money?
Seriously, stop! The bank is loaning money that it has on deposit, it's real money, that's what's said even in the link you've quoted:


They lend you the money others have deposited, they don't make money out of thin air, the only thing that is wrong with this system is that the money the first person deposited is now tied to the ability of the creditor to pay back his loan, you even have mocacinno example above which should be as clear as the sky is blue!


No, I'm saying you don't understand the system for which Bitcoin was created as an alternative!
Obviously, it has its flaws because there is a need of trusting somebody and taking actions based on predicting future events like the ability of the borrower to pay back, but the rest is just an exaggeration.
Bitcoin eliminates the need for trust is a depositing scenario, it can't supplement the loan part in no way possible!


How in god's name you create money out of thin air when you actually said it yourself you need 1 million $ first ?  

Whale alert...d'oh!

So first transaction mentioned would be this:
https://mempool.space/tx/bb40bc71a6c551ef2c3b767094e2225685a8f690877edc6bb97b33035e65d866
what hacker withdraws 400 BTC and leaves the other 600 BTC in the compromised address?

Second one:
https://mempool.space/tx/859878cbe79f7cd4a2be5d4c5e2f80bbe5230a1e33ed3b0318b75288acbf721f
So the hackers decided to take only 6071 coins and leave there coins worth $108,448,000!

Do this sound to you like some "hacks" happening?

Exactly, and if it weren't for B,C,D,E,F,G  the bank would have had $200.000 and zero negative balances, which is exactly what $687k-$487k does at the end of the line. I like the ending, the bank is fine as long as, everyone that borrows the money pays back, this is quite interesting and I'm sure you will agree with it, as long as customers pay back their debts the banks are fine.
A scenario that will end badly in your friend's situation too if he decides he's not paying back the money you lent him while the housing market crashes!!


Don't you find it at least one bit ironic that almost everyone is angry about banks not guaranteeing their deposits and how the system is broken when the trigger is actually the people who took out loans that are not willing to give back the money they owe? I find it quite a lot more than just one bit ironic!

But anyhow, how could a bank that sets aside user deposits even work? How would they be able to give loans and why would they even pay you interest when they can't use that money and they have to keep it ready for withdrawal at any time? Why would they even take deposits at all?

Sorry, but what you describe it's still impossible and it's not fractional reserve.
When a bank lends you money for buying a house that money is directly spent as it leaves the bank to the previous owner, you can't do fractional reserves when you're paying money, you can only do that with reserves, that's why they are called so and not fractional loans.

Second, what happens when you're paying back your since this would mean the virtual cash gets erased and replaced by real money?  
Because otherwise, you would have a bank full of real money and virtual money back by nothing, when actually there is real money backing it up!



No, the bank is not making 200 000 out of 20 000!
Just as in the exact line you've quoted from the answer chatgpt gave you the banks sometimes loan 90% of the deposits.
So in your case with a deposit of 20 000, the bank will be able to make a loan of only 18 000!
For a consequent loan, it needs another step, which chatgpt mentioned one line below, the cycle, for that person to deposit the said loan in the bank, which, let's get real is impossible and it makes no sense at all.

So A deposits 20 000.
B takes a 18 000 loan and deposits 18 000 in his house seller account!
C takes a 16 200 loan and deposits 16 200 in his house seller account!
D takes a 14 580 loan and deposits 14 580 in his house seller account!
None of the house sellers are taking a penny out of the bank!
Do you see this as actually happening in any economy or at least in 1% of consumer spending?

But wait, it's not even the 10x loan-to-deposit ratios, that cause
We have A,B,C,D deposits worth 68 780 we have 48 780 in loans and we have still 20 000 in cash since nobody took money out of this scheme.

Furthermore, how is that different from you having 200 000 loaned to your friend with no fractional reserves?
You have loaned him 200 000 and you won the rights to the house, the bank is indeed 180 000 short in cash, but has 180 000 on the loan it has given out! So fast forward ten years from now when the guy pays back his loan, what happens to the so called virtual money?