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2441  Economy / Economics / Re: U.S. Safety Agency Eyes Ban on Gas Stoves As Health Concerns Mount on: January 17, 2023, 04:22:52 PM
I put magnets on the fuel line of my furnace, water heater, grills and stove. You can buy some magnets for less than five dollars at Lowes or Home Depot. They come in pairs and they are rectangular. The key is, the way the north and south poles are oriented. Put them together slowly and rotate them 360 degrees. If they stay together then they should work.

Seriously you believe?
Magnets are used to clean the fine particle of metals that remain after a major gas pipe is cleaned in the interior, with a magnetic pig run usually, you putting a few 1$ magnets on top of a gas line has the same effect as rubbing gas pipe so the gas inside gets warmer and produces more heat!
Btw if it would have that effect and it would be noticeable how comes it already hasn't blocked your pipes?

Also saves on my fuel bill and makes the food taste much better with a lower taste of propane. No more city beef... no more city chicken... enjoy!

Then why aren't you making your entire pipes out of magnets, you might that way actually produce gas while cooking!

Now, this is concerning 😟
~
I have never seen any smoke and the gas flame is always in blue color which makes me believe it's working properly.

Blue fame means good combustion, it means no dangerous carbon monoxide is being produced so no risks of getting CO poisoning, that aside CO is odorless and tasteless, so a human won't be able to properly detect it, and that's why the fatalities from it.

the gas stoves for now is more efficient especially in the developing country In my country the government still subsidized the gas because the price is crazy and we can afford electrical stove

An induction cooktop beats the crap out of a gas or electric stove in terms of efficiency!

2442  Economy / Economics / Re: Yellen warns of U.S. default risk by early June, urges debt limit hike on: January 17, 2023, 03:47:11 PM
Us Default is imminent...

If I had a satoshi for every article that claimed US will default or that the government will go bankrupt I would now have more coins than Satoshi. Heck, the US defaulted on its debt more times than Bitcoin got killed and that by an order of two of magnitudes.

Retired americans on social security are the largest viewer demographic for television news. They don't know who Alex Jones is. They're typically insulated from the information and news stories making the rounds on social media and the internet. Which means they could be the most surprised and unprepared demographic, if a US default were to occur.

Wait, do you consider now listening or not knowing about the pathetic lying piece of *** counterfeit viagra salesman Alex Jones a bad thing?
Sorry but the ones that are not brainwashed by the same clickbait headlines and fake articles and constant doom and gloom that was predicted for decades are actually the ones who would act far more rationally in the even of a crisis.
2443  Other / Archival / Re: Mass adoption: Naming my child bitcoin on: January 17, 2023, 02:15:53 PM
I think naming my child bitcoin will not be such a bad idea as it would help create awareness about bitcoin.

And then have him painted yellow, tattoo a BTC on his forehead, and use him as your advertising puppet!

Because yeah, who cares about what your kid will think, who cares what might happen 5 years from now just like those morons who named their kid Daenerys and now have to listen to how she is being bullied and getting called names because their parents have nothing better to do than name it after a character they knew shit about.

Don't you have any other way of raising awareness now, and not waiting 7 years to make a kid and name him like that?

If you want to make an homage to Bitcoin, probably at least pick Satoshi or Hal instead?

Or better this with Harold, 'cause that was his real name and you don't risk screwing your kid's life!   Wink
Besides, I don't think that many would know what Hal refers to, if one more movie gets made from the Space Odyssey series, 99% will think of the computer rather than Hal Finney when hearing the name!

But yes, if you go back to the heyday of the USSR, then you, OP, would be on the same footing with these idiots.

Worse things can happen.
You can name your girl Candida, that's Latin for "glowing white" only to see how a few decades later that is used mainly for describing gut and vaginal infection.
2444  Other / Beginners & Help / Re: How to pay crypto tax in UK? on: January 17, 2023, 01:59:12 PM
You pay taxes on your capital gains over the year, this means that there is no "sorting out" before withdrawing!
Does this mean one would pay capital tax even though they are yet to liquidate their assets?
- Jay -

No, you pay capital gains when you make those gains, and this can't be done without you first selling them and thus taking your gains.

If you sell your coins for $ and leave those $ for years there and do not withdraw them you will indeed pay taxes even without cashing out to a bank account, but that's most likely an exception for many, what I was trying to say is that if you sell your coins today you don't have to pay taxes tomorrow before the exchange allows you to withdraw.
2445  Other / Beginners & Help / Re: How to pay crypto tax in UK? on: January 17, 2023, 01:11:57 PM
Do we just withdraw our funds and then pay tax or does it have to be sorted out before withdrawing?

You pay taxes on your capital gains over the year, this means that there is no "sorting out" before withdrawing!

I don't know if you ever encountered or will encounter such a thing but again, this is a place to mention a warning for everyone that any shady exchange asking you for a sum of money to pay taxes before withdrawing your fund is a scam!

If for example I had spent £5k on crypto during 2022/2023 and in 2024 I wanted to withdraw £100k profits, what is the tax on that and how do I pay it?

@Pokapoka124 linked you to a tax calculator, selling Bitcoins at a profit in UK will make you pay Capital Tax gains, depending on your other income and the amount you have cashed out you might qualify for the no tax, low tax or in the case above you're going over the brackets so you'll have to pay around £12k for this.

But things change, Uk is moving to lower the CGT allowance from £12.3k to £6k this year and even further to maybe £3k the next so it all comes down to what the taxes are in the year you want to sell and take your profits! And nobody can be really sure what these will be in 2024!
2446  Other / Beginners & Help / Re: Treat your Bitcoin as if it is already Worth 10x of what it is on: January 17, 2023, 12:51:45 PM
What if 10x the current price is my sales target?  Tongue
Don't wait to feel be rich to be skeptical

That was my reaction too when I read the title, suppose I'm going to pay you in BTC but instead of 0.5 I'm going to send you 0.05, cause that's how I see the value. Wonder what would the reaction of the seller be like  Cheesy

Quote
What do you say?

That acting differently and taking different security measures that should be mandatory because of a possible price increase make little sense.

You're focusing too much on the price of a BTC and not realizing that even an x10 might not change things radically for some. A guy owning now 100 BTC already has 2 million which might make him a designed target if he posts all over the net his email/phone and his wealth, keeping 2 million on some centralized is already stupid. On the other hand, someone who makes $400k a year and now owns just 0.1 BTC at $2k will just see possible gains $20000, still close to nothing for his overall finances and still in the region of "afford to lose" and can keep it there if he wants to daily trade as it basically plays money for him and he can buy it at any time back before it hits 10x. But if you have BTC0.5 and your monthly wage in a 3rd world country is $300, it's pretty clear what you should have done a long time ago!

So, an increase in price means little for some without some context.

That aside, unless you're doing active daily trading or you plan to sell in the next days no matter the price, there is absolutely no point in holding coins on an exchange for a long period.

Therefore, if you currently own one bitcoin, which is currently worth over $20,000, or a few Satoshis, which is each currently worth a few hundred dollars,

I'm selling you a satoshi for just one $, how many do you want?
2447  Bitcoin / Mining / Re: An honest answer on mining with solar on: January 16, 2023, 01:06:12 PM
The first question would be, were in Nigeria?  Wink

Cause if you're Port-Harcourt you're looking at an annual PVOUT of 1250kwh, if you're in Katsina it goes up to 1750 kwh.
That's the kWh production for 1kw of installed solar panels on average.

Add the costs, put at least a 30% margin on the power capacity for the solar panels compared to the miner consumption so you can actually mine without peak hours, and add all the costs as I have no clue how much those will cost imported with transport and taxes and install there if there are any government subsidies or anything like this and draw the line.

Going a bit to the extreme, you spend $1000 for 1Kw system, giving you 1250kwh a year, which would allow you miner to run 15 days, earning you 100$. You get them cheaper and you're in a better location, you spend $500 (highly doubt it) for $140 a year.
Not including the miner itself in the above!

2448  Economy / Economics / Re: Twitter could launch in-app ‘coins’ to help creators make money on: January 14, 2023, 01:08:44 PM
What does this have to do with freelance writing? Freelance writers get hired to write texts for someone. Twitter is just a microblogging platform. It's a completely different field.

Well, let's say that freelance writers are paid $0.05 per word written on average.
The limited word and character restrictions of twitter restrict long form content.
Which could significantly raise the revenue writers are paid per word.

It doesn't work like that, Twitter users are not going to get paid at a fixed rate and nobody is going to use Twitter for writing essays it's gain the main reason this platform and its character limit count exists when doing freelance work as a writer your skills and price come first, with Twitter the first thing and the second and the third and so on will be followers and interactions count. One meme will probably earn more than 1000 pages about any historic event or economic model!

Freelancers don't care about the traffic the platform that pays them has as it's not their business, with this, you will care first about traffic as no matter how good you are at writing if you're not attracting followers you won't make a penny!

Extremely weird there's no mention of Doge,

Again, why?
Tell me the advantages of Twitter integrating Doge into this rather than an inbuild centralized currency.
And do so from Twitter's perspective, not from the doge bagholder one!
2449  Other / Beginners & Help / Re: Sometimes more effort is what is needed. on: January 14, 2023, 12:40:55 PM
~ but on this one I thought to myself hey bro this time you got to do it yourself without seeking for assistance on this very one from the forum else you might flood the forum with so much excessive support questions within a shart frame.

There is no flooding when you ask genuine questions!
If they are all related to the same thing, for example, Binance, you can do it on the same topic, I don't see a problem with it!

Of course, it's far better to do your own research than trust an anonymous person on the internet but speaking from a forum user point of view it's far better when topics with any kind of questions are created since not only can others read the solution before they encounter the problem but it also helps with further answers on that kind of problem, as some will take bits of information from this to answer another.
To be honest, I would prefer everyone would ask any kind of question rather than falling for a scam or a trick or losing their coins in god knows what way, if it has already been answered someone will link the topic and that's it, far better than the ton of useless spam we have already.
2450  Other / Beginners & Help / Re: Trust no one in Bitcoin (Coldkey story) on: January 13, 2023, 02:28:06 PM
Even more, while 95% of the cases the manufacturers can be trusted (at least until now), the more hands the collectible pass on, the bigger the chance somebody has found a way to unseal it and copy the private key for "future use".

I was thinking, in cases like this, when you have already auctioned or sold one of those cards privately if the manufacturer wouldn't have acted like yogg and swiped all the funds but just randomly scammed one user in a collection after a year or so, you might end up in trouble and it's going to be a pain the ass to avoid getting dragged in court if the sum is anything significant like 1BTC funded ones that were auctioned years ago!

Sad story and an eye-opener, but we could have lived without it!
Try starting a business like that now, I wonder how many customers you're going to get!

2451  Economy / Speculation / Re: Did Miss El Salvador cause the Bitcoin price to spike last night? on: January 13, 2023, 02:02:58 PM
Well, I think the Consumer Price Index news released yesterday triggered the market. It went 6.5% from 7.1% last November.

That's actually what caused the price rally, it started with the first numbers that pointed at inflation numbers going down and at the rumors the FED will stop hiking rates that aggressively and even stop it altogether by late autumn, the bumps coincide perfectly, always with the data release, every single time there was a swing in price depending on the news, be it bad or good.

The whole Miss Salvador won't move the markets one point, the recovery of 5 billion at least from FTX was far better news than everything e had lately.

2452  Economy / Economics / Re: Twitter could launch in-app ‘coins’ to help creators make money on: January 12, 2023, 08:10:15 PM
Quote
But coins may not be just for tipping. Wong also spotted an “Awards” feature, which allows people to use coins to buy in-app gifts for others. According to the image shared by Wong, users would be able to buy gifts for as little as one coin (called “Mind Blown”) or as much as 5000 (called “Gold”). It’s not clear how much coins will cost, though Twitter would presumably get a cut of revenue generated from coin purchases.

So, they will copy all from Reddit! How original!
But it's also easy to understand, there is little to monetize in Twitter other than some sort of tipping or subscription which will obviously not happen, so tipping, poking, awarding, donating no matter how you name it is the same.

They're reporting twitters proposed internal currency coins feature will not be crypto based. Which is interesting development. I think most of us expected dogecoin support.

No, only dogefans and token addicts that see a token solution everywhere!  Wink
Why would they employ a decentralized cryptocurrency in a centralized platform, it makes no sense, they lose control, there will be hundreds of problems with hacked and emptied accounts, and they will have to look every time at the value of the coin when allowing members to purchase, and they will also to have to pay fees instead of copy-pasting numbers, in short, just as with every token in this world, a in house virtual currency works far better for a centralized platform.
2453  Economy / Exchanges / Re: 90% of India's largest crypto exchange funds are in Binance wallet on: January 12, 2023, 04:39:46 PM
WazirX has been acquired by Binance, so it is not surprising that their assets are held or managed by Binance.

That was everybody tought and then when shit hit the fan no one know anything about it:
https://techcrunch.com/2022/08/06/binance-says-it-doesnt-own-indian-exchange-wazirx-years-after-acquisition-announcement/
https://twitter.com/cz_binance/status/1555578415901802507

Quote
Quick thread on Binance and WazirX, and some incorrect reporting.
Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders.
~
Binance only provides wallet services for WazirX as a tech solution.

As for the coins it holds, FML!, two hundred thousand facepalms:


Really? Really? 1/5 of the coins on Wazirx are Shiba Inu?



2454  Bitcoin / Bitcoin Discussion / Re: Bitcoin - a bloodless revolution on: January 12, 2023, 04:20:32 PM
And, if those replies were not convincing yet, maybe this image clear things better:


Bruh, don't do this! Just as I asked you about Romania instead of googling don't throw Wikipedia back at me without double-checking:

Quote
The event marked the 50th anniversary of a violently suppressed demonstration against the Nazi storming of Prague University in 1939 where 1,200 students were arrested and 9 killed (see Origin of International Students' Day).
~
The date commemorates the anniversary of the 1939 Nazi storming of the University of Prague after demonstrations against the German occupation of Czechoslovakia and the killings of Jan Opletal and worker Václav Sedláček. The Nazis rounded up the students, murdered nine student leaders and sent over 1,200 students to concentration camps, mainly Sachsenhausen.

You quoted the deaths from 1939, there were no deaths in 1989, only hoaxes, the most famous being Martin Šmíd

In all countries. Whenever a bitcoiner makes a new anonymous, peer-to-peer transaction with someone else, that's one more transaction which is not controlled by the State. Whenever a bitcoiner attempts to press "Send" from his wallet there is nobody in the entire world who can stop him.

And that means losing control?
So they lost control a hundred years ago when people were dealing with cash, nobody can stop me from handing someone in a back alley a pack of banknotes and getting something in return. If you think that the police would follow me and prevent this, well, they can do with Bitcoin too, remember what happened to Ulbricht? Or to Burtw?
Let's be serious, do you think that the elites have lost power in your own country, in Romania for example? I've got my info only from the news but it doesn't seem like that one bit, and as much as I can tell you from Slovakia to Poland and the Czech Republic it ain't happening here either!

I get what you desire but you somehow think we already have this, and no, you're daydreaming at this point, nowhere close!
Are they still playing with interest rates, are they still influencing inflation, are they still deciding deficits and budgets, are they still the ones deciding taxes on crypto, are they still the ones that can send you to prison or hand you a fine for not paying them? If yes, then they are still in control!
2455  Economy / Economics / Re: These Are the Top 10 Most Profitable Side Hustles in 2023 on: January 12, 2023, 03:56:58 PM
Almost all of them require training, so the first paragraph of that article is misleading and they even mention the requirements themselves:

Quote
ZipRecruiter analyzed listings to identify jobs that can be done part-time with few or no starting requirements and ranked them by average hourly wages

  • Craftsmen include specialists like carpenters, metal workers and glass blowers. Certificate programs, trade schools and community college offer training.
  • Sales specialist
  • QA reviewers can work in a wide range of sectors like food safety, pharmaceuticals, manufacturing and software.

So, first you need training, so it's not like you have no clue you start working, you must go through training and learning, and if you're not good at it, then you don't get the job, just as QA, it's not like you go in the first day and they hand you a food bag and you're delivering pizza, you need to know how to do it and you might be a total wreck so you get kicked out before actually working even 1 minute.
As for the "sale specialist" how the hell can one be a sale specialist when he has no experience in sales whatsoever?
In order to be a sale specialist you must have at least basic knowledge so this is more like getting a better job than your past one!

"Few" requirements, to be a specialist, lol!
2456  Bitcoin / Mining speculation / Re: 2023 Diff thread now opened. on: January 12, 2023, 01:34:29 PM
These are just more signs that Bitmain and the others don't give a flying fudge about home miners anymore, maybe it's about time for those waiting for a 500-1000w home miner from Bitmain to give up.

The writings were on the wall for a long time, it is clear they don't want to design miners for hobbyists, small miners and it seems like they don't even want to deal with individuals anymore, tolerating them just because they bring a few more sales when the market is down but I expect this to change and go to MOQ orders far more often than now.

I'm curious, if somebody has a clue, hunch, idea, how much more would 6x500W miners costs compared to 1x3000W, assuming the same numbers of chips are used overall? Probably the case doesn't matter at all here since I managed to make a serious bump on one by dropping a small plier from like 90 cm on top of one.

Price went up 8% this epoch so far, natural gas prices are down like 50% this month so electricity prices must have dropped a good amount for many miners, so the majority of those 20EH could be old gears that were either offline for a while or were running at lower speeds, with the addition to some previous large orders from Bitmain are being delivered throughout the year.

US inflation data is incoming, the last month it was already counted in as the price moved before the release, same as now, in the previous two months the price jumped exactly when the numbers were released, if we have a combination of the two and another spike probably every miner who kept his gear around will turn them on, also a lot of small miners who will think of mining as acquiring bitcoin cheaper before a new FOMO.

But I don't see another 10% jump next period, so, based on my prediction record  Cheesy
2457  Bitcoin / Mining / Re: Is America the best option? on: January 12, 2023, 01:15:53 PM
Bitcointalk has been working in Russia through VPN for a long time, but I don't have much difficulty with blocking. Some pools blocked Russian IPs, but they didn't stop working with Russian miners. I think that at the end of the year mining statistics will change a lot in favor of Russia.

And when you access Bitcointalk through a VPN how does that look in statistics? Russian IP or German whatever?  Wink
Rather than risk your data not reaching other nodes that fast because of troubles afterward and over which you have no control, you'll switch to having all of it virtually in another country from which on there is no blocking. That's what happening and it has nothing to do with the real activity on the ground, that's also the reason that probably it will take the actual hash rate deployed to double to see even a bump in statistics that rely on IPs.

What you would also need to consider that New York and Texas beginn to regulate or even ban crypto mining in large quantities.

Banning new farms with over x capacity yes, ban on already running farms that have not happened and probably will never. Besides, those bans were in a place where already the grid was maxed, so despite them getting approval to relocate there was already no cheap energy left.
2458  Economy / Economics / Re: Sanctions at work:Russia posts its second highest deficit in the post-Soviet era on: January 12, 2023, 12:57:21 PM
Talking about sanctions, did sanctions stop Iran? North Korea? Venezuela? The answer is no. Did sanctions stop Putin? No. Will they? Most probably not. That's all we need to know about sanctions - they don't work.

Did North Korea attack South Korea? Did Venezuela attack Columbia? Did Iran attack somebody else?
And don't give the story about their might and their weapons and other bullshit, we've seen the mighty army that was supposed to parade its tanks in Lisbon in 7 days how they fared. Let's wait and see how Russia will fare in 2 years and if it will pose a threat to anybody else from there on!

Things would keep getting worst for Russia unless they end the invasion of Ukraine. The problem with the Russian economy is not revenue but increasing expenditure. The financial statement of the country showed that Russian revenue increased last year but the majority of them went to war financing.
Russia and its allies can't match the financial strength of the US, NATO nations, and their allies. C

Exactly, and that's the aim of those, destroy their revenue so they aren't able to afford a war, Russia can have Putin as a leader for 2000 years, and they can survive on whatever they want for another geological era, the thing is for them to not afford to threaten their neighbors as they did for the last decade, and right now it doesn't look like anyone is feeling like that anymore!

At this point, I can't distinguish the facts from the propaganda.
The western propaganda says that everything is collapsing in Russia and the country will be facing a big economic depression followed by hyperinflation. Why there aren't any big protests in Moscow and Saint Petersburg right now?

The numbers I've posted come from Russia itself, they went from excedent to deficit, the number on the price of the Ural oil comes from the markets, you just have to think for yourself right now and draw the obvious conclusion, if despite huge prices in the past they went from excedent to deficit how will they do when the price of oil and gas crumble?
As for protest, common, do you really expect them to do so when holding a blank piece of paper will get you arrested and sent to Ukraine to die?
2459  Bitcoin / Bitcoin Discussion / Re: Bitcoin - a bloodless revolution on: January 11, 2023, 11:23:13 PM
All revolutions imply bloodsheds.  This is why revolution flags are always red.
And the list may continue. All revolutions had their bloodbaths.

Not really, that's why there are velvet revolutions, and since you've mentioned it, Romania was the only one that had a violent revolution at the fall of the Warsaw pact! Don't know why you hated that guy that much compared to our own commies but you're the only ones that executed somebody then and that had the army firing on its own fellow countrymen.

Quote
Satoshi never intended to be a revolution leader, yet his creation -- Bitcoin -- revolutionized the entire world. It took the power from the hands of elites and gave it back to people.

And where did this happen?
In what country has the elite lost control of the people that use bitcoin? Let's be real!

As the others said, appreciate the enthusiasm but it is way too early to claim a revolution or the outcome of it, you're at least one decade too early on declaring the success of something that has barely taken root, not even close to sprouting!

In LeGaulois words “Bitcoiners kill Bitcoin, and governments are happy”

Same as revolutions and revolutionaries, usually the ones that revolt are the same that butcher the entire revolution and turn the country into a deeper shithole!
2460  Economy / Exchanges / Re: FTX Exchange might be brought back online - Would you use it again? on: January 11, 2023, 11:07:11 PM
Affected users or investors would only be just simply minding on getting their funds or investment back and on the time that it would happen then im 101% sure that they would flock and stay away with this company.

All FTX has to do is to offer 10cents in some home-baked token like Binance is doing and an army of shills will be born all chanting #SBAFU and praising how trustable this exchange is that managed to come back alive and even offer a few cents to newbies. For god's sake, people re still buying terra tokens and if available they would still buy bitconnect or onecoin, people still gamble on 1xbit and they still trade on yobit!

As for FTX itself, I don't know, John Ray has a solid reputation in recovering funds, and seems like he's doing a great job, but he doesn't have the same experience in keeping them alive, so most of the time is liquidation.
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