And in what alternate reality did that happen?
https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?locations=CN


And in what other different reality is that happening?
https://data.worldbank.org/indicator/SP.POP.GROW?end=2022&locations=CN-US&start=2010


How do you explain that not only there wasn't a pop but the number is even lower compared to the one child policy time?

You're ignoring a lot of things in your assumption as always, you treat countries like simple statistics abased on your own views, completely ignoring what previous policies have done and the mindset of mainland china. Everyone, including the population, waited for this policy change with hope, it's in their culture to have a boy child first, or at least a boy if one kid, that's why it was expected millions who only had a daughter to try to have a boy kid, millions in their 22-35 age gap, well it didn't happen because they realized the cost of rising a second child is just out of their reach so the miracle didn't materialize!

But of course, you're not going to believe me so, a simple question, why did the chinese main statistics center stopped posting fertility rates for 4 years after 2017, the first year of policy change and all the data was coming from regional government till they couldn't hide it anymore?
When China or any other country cancels the release of a basic indicator, you know it's so bad they don't even want to talk about it!


They've done it already though regional government debt!
Local government debt in China is $12 trillions, they printed money like mad and hid it under a ton of other statistics, but slowly as things crumble and state companies go bankrupt the pile of money pumped like there was no tomorrow comes in plain sight!

https://asia.nikkei.com/Spotlight/Caixin/China-s-trillion-dollar-dilemma-of-local-government-hidden-debt


As usual, when things are bad, they stop talking or releasing any data about it!
Imagine the outrage in Europe if any govemermnt wouldn't release data about the debt of the town halls, regions  or state companies?
When one tiny thing hidden comes to light there is like a war erupted in the media, when it's china...well, it's china!

They have trying ditching it a long time ago, but nobody wants to touch their currency and by putting together the whorls shitiest currencies, who do you think will touch them?

You know the difference between the euro and the brics currency?
Before there was the euro the franc, the deutsche mark, even the lira or the escudo were stable currencies, there was no 600% devaluation against the dollar in a year for any of them, and even with that it triggered a few problems, imagine now the rial and the rupee together!


Not going to happen you know why his topics are moderated?

Because I kept calling out his lies, like when they destroyed 1 trillion of us army equipment in one Iranian attack on us bases, we all know what happened afterwards when it was daylight, there was no trillion damage but it was a civilian planed downed by their own army on their own airport.   
I always put numbers in my topics, he pushes fantasy Iranian propaganda, and he's so insecure about it that he needs to censor any other opinion!


Because they can't! That's it!
That is why they hate the US and the western world, like a child that can't draw and the first thing they do is to try to destroy the other kids drawings.
It's envy grown from impotence, they see everything around them going to dust and they can't blame themselves, they need an enemy!


Oh yeah, and all this while counting in $ how much his coins are worth!

It's because you've have cut so many zeros and went though so many changes of name that right now it's not the weakest anymore, just as with the Zimbabwe dollar, if you cut enough zeros of it you make it super strong. Of course that would mean you also get paid 2-3 coins a month  
Actually quite curios, what's the real rate right now for whatever bolivar you have right now? If possible a medium wage vs a bottle of cola comparison?


Of course it makes sense.

Every failure of a government that is unable to keep its population fed will invent enemies, it will all be because of the US because of the west, because of women not covering their faces, because of jeans, because of rock music, you need to feed the population lies otherwise if you run out of virtual enemies their will turn to the real enemy, the idiotic government in charge of the country, they will look at the numbers and see that despite being rich in oil, gas, despite being the most that and that as propaganda claims they still earn $100 a month and their GDP is the size of Bulgaria.

What do we consider a user to be?
Because if somebody is not actively using Bitcoin or other crypto daily and are just storing them on Binance or Kraken then that's no different than calling nobody a Tesla user because he has stocks in it and not because he has a car.

And I'm not buying that close to half a billion number, just look redound you, does it feel like one in ten persons is a crypto user?
The number is way smaller than this, I would even dare to say by an order of magnitude, 40 million sounds way more plausible than 400 million.

There are free spots or at least they were available last hour.
Managed to push one tx for somebody then as I saw still 24 spots I said what the hell, accelerate my own, too bad Viabtc is using a small node, so my tx which shows on all major node was pruned from theirs!
Now you don't have to just :
- be at the right time of 00
- make sure your tx is under 0.5kb and over 10sat/b no /vb
- beat some bots or pray they are not active exactly that hour
- pray that Viabtc has found  few blocks that day so you're not looking at a no spot hour

You know have to also beat the pruning fee for 300MB nodes!

China ended the one child policy in 2016! It's been now 8 years since then!
Look at the statistics and articles about it:
https://www.reuters.com/world/china/chinas-fertility-rate-drops-record-low-109-2022-state-media-2023-08-15/
This is from their own sources!!!

And if you're comparing China with the US
The US population grew by 394,053
China's population decreased by 850,000
The US had a birth rate of 11.0/1000 , China had 6.77/1000
USA's fertility rate is 1.66 , China is 1.09.
Should I add that 24 000 chinese tried to enter the US illegally while.., u know it already!

As for the topic :
https://www.scmp.com/business/china-business/article/3246908/chinas-home-developers-suffer-further-sales-skid-end-miserable-2023-2024-offers-slim-hope-amid


And this is a newspaper owned by the CCP, so probably the numbers are in reverse order, maybe closer to 64.3 percent!

Juts in this topic present there is mikeywith and you might look at what I said, when regarding miners, I used "our" 
Of course , I'm hobby sized and even before I was running in the very low PH area!


To be honest, couldn't care less, a signature ban would mean the end of quota post so a bit of end of spam too, if people would engage in genuine discussions 1/100 of the posts I would still consider it a net positive factor!


People will not drive each 100 cars at the same time just because they have 100 lines of roads just as they don't buy 100 tv cause they have 100 channels.
Assuming half of the traffic is ordinals, then in an event of x10 space they will need to cough up 19x times more transactions, costing them from 0.9 BTC per block as we speak nearly 1BTC each block! That's with 10MB!

And before you say something about personal nodes, need for decentralization:
- Nobody has a problem that an M63S runs at 7300.00W which would blow the fuses and melt the cables in most houses
- Nobody has a problem that half of the LN nodes are hosted with google and amazon https://mempool.space/lightning
/rant over

Now that 2023 has ended in high spirits and Bitcoin is going up and up and up you have to think what bullet you have dodged with fiat currency!

You think the deprecation of the US is bad, just look at what others have experienced and you might start to thank god for at least saving in $ if not BTC other than:
- russian ruble, losing 31% purchasing power
- turkish lira losing 44%
- lebanese pound losing close to 700%!!!!

But when it comes to toilet paper few managed to rival Zimbabwe and Venezuela, till a new contender entered the scene , Iran!

Most of you know about the discussions on how hard it's to buy something in Satoshi price, for example a cup of coffee would cost here 7086.649 so, how hard would be to deal with that? But even that it's child play when dealing with something that is worth:
0.000019 of a dollar!

Think it's bad? No, it gets worse because that's the price for a toman, the rial is 1/10 of that so at a black market rate of 1:505600 against the usd a rial is worth shit..of wait, something close to it at 0.0000019 of a dollar or 0.00019 of a cent!

Which brings us to our smallest denomination, the satoshi:
One Bitcoin equal $45660 and at a rate of 1:505600 that makes one Bitcoin worth 23,085,696,000 that's billions rials.
So your considered by some worthless satoshi is 230 rials!
Want to be a billionaire? Just buy 0.04 BTC!

The morals of the story:
- no matter how much value you think the dollar is losing, there is something doing that 1 million times worse
- no matter how worthless you think a Satoshi is, it will still top a fiat currency that goes down the drain

But most importantly, if you think one can't deal with Satoshi, there are proof millions are dealing daily with smaller denomination, so with Bitcoin going higher and higher, soon rather than thinking of mBTC we might have to think of mili satoshi!

And now Ocean is helping the spam by mining empty blocks, this is just gold! But..
Neah, it's not censorship, it's too much luck  
The block Was mined at 00:32 and the previous at 00:31 probably again the same thing, found the block the second they started, didn't wait for the the tx template and broadcasted the empty block to make sure they get at least the block reward. Others do it too but for Ocean with their 1/1000 chance of finding a block this really blows.

Alani123, how are those profits coming?


LE, yeah, as I thought, Luke is against going nuts on x!
He says his empty block is actually a good thing since it adds security to the blockchain! LMAO!

When did this happen?



Yeah, they are so afraid of it they are pissing their pants...of joy!
They are going to ban a forum in which payments are going to be made soon in USDT because of the fees and campaign are already paying in in $ denominated value not Bitcoin. This forum is the complete opposite of what you're envision, if it does one thing is spreading the dollar as everything discuss here is in $ value!

Well, appreciated, most around don't feel like that, they take it like a declaration of war!



I managed to get ahold of mine somewhere around 4 or 5 am, god knows what time was it, switched back to the default and after half an hour it was purging around 40sat/b probably only to get worse as it was connecting to more and more , I just switched back to x10 the value and shows 1.45GB, just lol!

What the f*** is wrong with some, it's 31st for god's sake!


And we're going to have the few miner around here cheering every time Feebudy goes up and disgustingly licking our fingers full of fudge thinking of those fees!  
This probably was my dream before I realized I have not a single input worth $300 in my spending wallet so I'm going to use....visa....to pay my bill.


Change your servers in the configuration, there are still plenty who use larger mempools and still accept 20sat/b, not that it would ever get confirmed but after that you have a shot with Viabtc.

LE at 6 pm, so my last look at the mempool for the year and this is how it looks:
Perfect natural organic traffic

and...I don't even know how to call shit bs

That's exactly the reason we need to decrease the blocksize to 100 kb to kill all possible spam!  


It happens more often than you think, just a quick heads-up since this is mainly a topic about the state of the mempool, block 823575 was 34 minutes late:



Happy 2024 oh wait 374sat/vb!


Oh god no, I'm protestant!

LE:


I'm unable to connect to my server right now so I'm not able to get any data from my node, question to the guys running one a default 300MB, is the number accurate? I changed that months ago and I know it broke though over 1GB weeks ago but that much in purging?

LLE:
Thanks bitmover, and I need to grab another mouse since my current one committed suicide while meriting franky1

Again, compare it to the NATO inventory, how much is that? Does it reach 2%?


Chechnya did it. Afghanistan did it! So?
What was the last war that Russia won against a country with more than 4 mil?


Yup, even Putin said that it's different! Are you really comparing the two?
Be carefully and secure your windows, I heard those suicide gust of winds are really dangerous!


It's you that needs to do the math again!
The us produces
-13 million barrels of oil, that's 1 billion worth of oil a day
-100 billion cubic feet of gas, which at European prices would be 800 million a day!

But the US exports $3.6 billions of goods a day, so even if they would export all their production and not consume one bit of it they would still be at 50%.
So how is the US managing to export more than they produce?  

Wow franky!
So your job is not paying you $10 a hour is paying you $80 a day!
And the previous job was not paying you $1000 a month it was paying you $12 000 a year!
Do you have any other such insightful facts ? 


Just so you don't have to go and do the math every time, most manufacturers have listed the price per th/s for years, not that you would know of it since you obviously don't mine but still, the s21hydro is on sale for 12$/th and microbt is dumping the 30s for $10/th which would bring your 10 billion to 6 and 5!
Why would an attacker buy the most expensive gear for an attack when he's obviously not looking at ROI numbers?
Also you're forgetting they could simply buy the whole farms which would make the attacker even cheaper as you don't have to overpower 500exa anymore, you have bought 50exahhash so you only need 400 more. 


Again you're missing the point!
If Bitcoin will reach 400k then it means a ton of money is there, and a lot of interest around it, far larger than it was at just $40k, and you don't need to steal money to break that apart, just a successful re-write of 10-20 blocks and that's it! Who in his sane mind is going to pour millions into this knowing that every time he makes a transaction there is a risk of being reverted?

Tthe answer to the question is obviously no!
There are only 1vMB of transactions willing to pay over 150sat/vb and you need to go to 100sat/vb to fill a 10vMB block, so pretty simple!
It's just like an auction, you will find a guy paying 20 million for a rare Ferrari, you will have troubles finding 100!

Will they make more than currently, probably yes, but by how much  that's crystal globe magic!


Both hashrate and the reward in $ are a bit meaningless if out of context.
We have 500 exahash, is the network a million times more secure than in 2013?
Miners are earning 36 million does that make the network how much secure compared to previous years?

It's all a question of how much you're protecting an with how much you're defending, are $36 million a day enough for miners to build a wall against somebody wanting to attacks bitcoin now? Maybe! Assuming Bitcoin goes to 400k and the chain holds 8 trillions in value, does that value still project the same security, of course not.

The exact math you did tells you the situation pretty well, you're getting paid 6.25 BTC per block to guard 19 millions BTC
Then you will get  3.12 BTC a block to guard 19 million BTC. Then...you get the picture.


If people won't be making enough transactions to fill a 10vMB block even at 1sat/vb 5 years from now then we have others things of concerned.
Btw, if we would just take the marketshare from doge and LTC we would be already be at over 4 MB

This Blackcat card smells of a Paymonade roundabout style.

When Binance lost its EU settlements partner they come up with this no name company that allows you to deposit to Binance by basically making a payment to paymonade instead of Binance and they credit that to your exchange account, so I wouldn't be surprised for this to be another scheme like that where the cards are for some ghost company that actually has all the data hosted over at Binance and just links accounts.

There have been numerous ICOs that have pulled this stunt back in those days, issuing company credit cards for a few to fake legitimacy, Mastercard won't be happy about it, not after they've just canceled their South America partnership with Binance.

Have you actually made a transaction on chain lately with Bitcoin? Do tell us the experience of  grabbing my popcorn and waiting for it!

As for Bitcoin replacing banks, banks offer loans, how could Bitcoin offer you loan when you don't have a penny?
All you can do is go for a thirds part, deposit (lol) a collateral which means you have money in the first place and then pay that guy up, meaning you're still using a 3rd party.

Seriously, we're batting jpg monkeys right now and you talk of killing banks!

So short break, back to what this topic was about:



And with this if your plan on saving a few satoshi was to send a 20sat/b fee and then accelerate it with Viabtc
- Viabtc is getting overcrowded by both and legit users and bots
- Viabtc is losing the hashwar right now, less blocks on average per day and they start pausing free tx if they haven't hit a block in 6 hours
(they had 11% over 3 months but only 9% over the last 7 days)
- Nodes are dropping even 20sat/b fees so you might want to connect to larger nodes before you broadcast it

And, on top of all:
- it's Saturday so weekend time
- it's two days before the new year so like almost everything is closed

Based on what's happening now, if the ordi fomo doesn't end miraculously starting with the 8th of January we're going to see some really nasty shit!

0.5 KB! 500kb is half a block.


It's just an estimator and of course it does, imagine somebody is dumping half a block of tx with 300sat/vb, if you keep your acceleration fees at 100sat/vb you're losing money by including that!

Also that fee on mempool is quite tricky, you need to read the thing carefully:


So if in the last moment there is a spike, you might end being charged the maximum you have selected, so not 127 sat/vB as I type now but 242sat/vb.
And you won't be able to initiate an acceleration unless you have the money for the 242sat/vb fee.


Nope, miners get screwed twice with accelerators
- they include free tx with lower fee, so lower income for miners
- they keep all the paid accelerators fees for themselves, while we get the initial fee for that tx that underpaid for that block space

How much of the NATO inventory has been sent to Ukraine?
The US has 5000 tanks, the others around 2000, Ukraine received 200.
The US has 600 Patriot batteries, it has sent 2 to Ukraine.
The US has how many fighter planes? How many have they...wait zero!

You're fighting a country 1/4 of your size armed with 2-5% of the NATO leftovers and losing badly!
Face reality, Russia was a paper tiger!

LE:
Actually, both the EU and US and NATO on the other side could have just go indeed warmonger as russian claim we are and armed Ukraine to the teeth from March 22, with indeed all the weapons we have , then this f* war would have been already done by now ending both Russia's dream of another USSR and the civilian drama that is happening right now with thousands of civilian casualties.
Russia is still pushing in Ukraine because they still bet the aid will cease, if the civilized worlds shows clearly it won't then they will simple claim another fake victory again and go back home.


Yeah yeah, I know, the classic Russian paid propaganda about the decadent west.
Heard that in 88, heard that in 97, heard that in 2007, it's getting boring.


Texas? Oh wait, Texas is twice as big as Russia when it comes to economic size!

Also, the US exported 180 billions worth of goods in October,  60% would mean 108 billion, around 3.6 billion a day.
At the price of oil of 80 per barrel you're telling me the US is exporting 45 million barrels of oil equivalent per day?
Must be nice to export half of the world production!