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1541  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: July 28, 2023, 09:01:21 AM
I admit, I might be wrong in assuming that it was purchased as a collectible, however, it makes it appear this way from my eyes when he said he bought those bitcoins for his kids. I was not implying bitcoin is a collectible but it can be if you only want to hold it like a stamp collection without the intention of spending it or selling it.

But for his kids, if one of them is a good friend of Hunter Biden, the coins given to him would certainly be a medium of exchange that he can use to purchase drugs from the darknet hehehe.
You forgot the first rule, you shouldn't believe what politicians say. They say all kinds of lies. For all we know he may not even know how to spell Bitcoin let alone having bought anything. After all he is a multi millionaire who doesn't really care about "profit" to buy bitcoin, such people also are already living "above the system" so they don't need the privacy and sovereignty that decentralized money gives them. In other words bitcoin doesn't have any benefit for them which means there is a good chance that he is simply lying to try and get some votes.
1542  Other / Archival / Re: FedNow - Instant payment service developed by the Federal Reserve on: July 28, 2023, 08:52:44 AM
So I saw this and I see nobody talking about it, so I reckon people either do not know about it or it is not seen as a potential threat to Bitcoin. (Yes, I know it is focused only at the US, but I reckon it will branch out to the rest of the world soon.. or they will link to it)
Maybe things are different in US but banks have always offered "instant money transfer" from one account to another as far as I had a bank account. So this doesn't seem to be a new thing not to mention that this is super centralized which means it is not even on-topic to talk about it in a bitcoin forum let alone be a threat to bitcoin Cheesy

P.S. Lets not forget about the reversibility of such "instant transfers" in the centralized world.
1543  Bitcoin / Bitcoin Technical Support / Re: Block 14 to Block 15 - 24 hour dark zone? on: July 28, 2023, 03:57:49 AM
You can model the timezone of Satoshi if you were to analyze the code commits, forum posting patterns among other things and you'll realize that Satoshi mostly follows a specific sleep schedule. A possibility could be Satoshi turned off their miner as LoyceV has said but it could also be that his PC is just that slow and unstable to find a block. CPU miners were fairly unstable and slow, even for 1 difficulty blocks especially how optimized it was.

Regardless, the nonce of the block is pretty special and follows a specific pattern. Jlopp has a nice writeup here: https://blog.lopp.net/was-satoshi-a-greedy-miner/
The extra nonce of block 15 is lower than block 14 (0x010a versus 0x013e) so if we subscribe to lopp theory there has to be a wrap around. Maybe the client could have been restarted (maybe shut down overnight to start in the morning => ~8-10 hours) then after starting it took a long time (14-16 hours) to find the block hence the high incrementing of the extranonce to 0x010a.
1544  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 27, 2023, 03:41:31 PM
~
I'm not talking about Russia's gains from terminating the grain deal, which are fairly obvious, but about the less obvious reasons why Russia extended this seemingly unprofitable deal several times.
That was an interesting point regarding precision weapons.
Whenever Turkey is involved that's a whole lot of complications on its own. A country that is geographically in the Eastern Bloc but is a part of NATO and dreams of being considered "part of Europe" while neither side wants them! So they play in the middle. One day they trade with Russia, the other day they try to shut down the sea route from Black Sea on Russia, then the other day they have conflict with a NATO member like Greece and clash with US in Syria.

So it is understandable to have such deals or extend them while "encouraging" Turkey to play a different game and when Turkey starts to change face, such deals also lose their benefit.
1545  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: July 27, 2023, 03:15:39 PM
Regarding "bloodthirsty invaders such as the US in Afghanistan, Syria and Iraq" is a lie ! Those were civil conflicts where the local population asked the US to protect the Afghan-speaking, Syrian-speaking, and Iraqi-speaking populations from the Kabul, Damascus, and Baghdad juntas.
I love how you repeated the exact thing that Russia says about Ukraine. Maybe they were right and Ukrainians did request Russia to come to their rescue and denazify Ukraine Grin

Why is Iran squealing at Russia over some foreign islands that are ancestral to the UAE?
That's even cuter than your previous jokes.
The microscopic country called UAE was created in 1971 (that's 52 years ago) whereas these islands were part of Iran for the past 5000 years Cheesy
The term "ancestral" is not even defined for artificial countries that aren't even as old as the trees in my yard. If we start talking about history, UAE itself is part of Iranian soil that is under occupation and needs to be liberated... LOL
1546  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 27, 2023, 03:05:34 PM
~
There is at least one reason why the grain deal was also beneficial for Russia, and that is the answer to the question of why Russia waited a whole year to suspend the deal, although the original conditions were not met. Russia received a stream of parallel imports through Turkey, including electronic and optical components used in the manufacture of precision weapons. This was not advertised, but I think this is an open secret and the main reason why Russia does not run out of missiles, although this was predicted last spring. I think that now the flow of parallel imports goes through another country (for example, through the UAE), so the grain deal has been suspended.
There is never only one reason for these things, for example another reason is to increase the pressure on Europe. After all this is the next world war and it is being fought in multiple battlefields including energy, economy and food. Disrupting grain exports, fertilizer exports, etc. would show itself in the food market like the generally high food prices over the past year in Europe.

Additionally this puts pressure on other countries as well, specially when accompanied by other countries messing with the markets like the recent Indian rice export ban or the last year's ban on oil and oily grains by a couple of countries.
This could potentially have some economical benefits for Russia if they manage to struck new deals with countries that are affected (like in Asia and Africa) and increase their exports to those countries possibly even at higher prices.
1547  Bitcoin / Bitcoin Discussion / Re: The blocksize war on: July 27, 2023, 12:17:30 PM
It is interesting that almost everyone remembers the "block size war" as the end of it in 2017 and with the shitcoin called bcash. In truth this "conflict" about scaling bitcoin lasted at least 5 years and it definitely wasn't just bcash versus bitcoin with only 2 sides. There were many sides or better said many different proposals for different approaches which we may categorize in a simple way into 2 or 3 categories.

1. The group saying bitcoin should scale using the second layer and should not have a hard fork.
2. The group saying bitcoin should only scale on-chain (layer one and only layer one) by hard forking to a bigger block size
3. The group saying both at the same time. This was short lived and was very messy mainly seen in SegWit2x which had its own separate issues.

Of course this is an oversimplification since for example the second group consists of many different approaches like one saying we should have a one time fork to a massive block size while another saying we should let the miners choose to change the size at any time they wanted, etc.
1548  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: July 27, 2023, 12:02:29 PM
It is a very small scale free advertisement for bitcoin although I don't know why you think it is as "collectible" since this is just getting the name Bitcoin heard by a small number of people who may later decide to search a little about Bitcoin and find some articles and maybe this forum to learn more about this currency.
It is also definitely not big enough to be considered "mainstream" adoption, mainly because he is a candidate wannabe...
1549  Bitcoin / Development & Technical Discussion / Re: Algorithms used in Bitcoin are expected to be strong until at least 2030 on: July 27, 2023, 11:50:01 AM
For example, it is quite easy to implement one-time-fee-discount. I wonder why altcoins that forked from BTC didn't do that in the first place, instead of replay protection. For example, it is possible to create a rule, where you can move some coin for free, if that coin was included before block number X. Then, transition from some old to new address type could be free, but only once, and at the same time, people won't move back from new to old address type, because then their transaction will be included in some later block, and they will pay a regular price for that.
You are forgetting that what you pay as transaction fee is actually the money you pay for the scarce space on the blockchain which means it does not matter at all whether your coins were created 10 seconds ago or 10 years ago if the portion of the block space you want to "purchase" is the same. Not to mention that fees are not enforced at protocol level, it is only policy rules (miners preference).

As for altcoins, they don't cost much anyway so their fees are super cheap which means there is no reason to bother with any changes like that Tongue
1550  Economy / Speculation / Re: The price of a Bitcoin could cost millions of dollars: Standard Chartered on: July 25, 2023, 04:12:48 PM
Yes $100k is arbitrary number but so was $20K and you can say it acted as good resistance. I actually assumed Bitcoin would of peaked at $10K and $50K in prior cycles. Was wrong both times. And I think $100K will be the same.

Instead of peaking at $100k it will peak earlier at like $90K or peak after at $110K or so. When $100K break many will buy and probably the top will be around some figure such as $115K or $120K before it reverses like before.
Historically speaking bitcoin price tends to shoot up after it breaks certain strong resistances, specially round numbers like $10k and $100k. We saw it in 2017 and 2013 and 2010. This means when we reach $100k and go above it, there will be a lot less "friction" for further rise so the price can easily soar up because very few would sell at those prices. Before you know it, price could be half a million...
1551  Bitcoin / Development & Technical Discussion / Re: Version 3 transactions on: July 25, 2023, 03:05:50 PM
Already, Version 1 and version 2 transactions exist on Layer 1 (the latter version being for those transactions that use improved BIP68 locktime behavior), but there are no standard transactions with different version numbers in the wild.
The utilization of transaction versions (and to some extent block versions) have been very disappointing so far. I dare say we have wasted 4 bytes per all transactions in the past 14 years, even the version 2 use cases are very niche and are rarely used.
What I gather from version 3 proposal is that it is another underwhelming utilization since it is all standard/policy rules not consensus rules.
1552  Bitcoin / Development & Technical Discussion / Re: P2WSH Multisig and Timelock question on: July 25, 2023, 03:45:56 AM
Sorry to hijack but can anyone help with spending a transaction from a time lock address???

I accidentally made the time lock 7140000 instead of 714000 and that means I have to wait 120 years to spend the coins. Please can anyone help?Huh
If you created the script correctly then there is no way to spend these coins and nobody can help. The Bitcoin protocol is solid and will not allow these coins to move until block #7140000
Otherwise the only chance you have is if you made a mistake (wrong locktime value, using a branch that could be skipped, etc.) in which case you can post your full redeem script (like the ones you see in this topic) containing the OP codes, the locktime value and your public key here for people to see if there is any chance.
1553  Bitcoin / Wallet software / Re: Wallet that allows Multiple Mnemonics on: July 25, 2023, 03:29:53 AM
I was hoping to see people actually answer the question. Nope everyone offers their unsolicited advice as opposed to answering the f****** question. grrrrrr
You won't get any better answers than the ones provided here without explicitly explaining the actual "purpose" of what you need because in special cases like this question here the purpose significantly changes the approach. For example in puzzle solving and brute forcing cases like the ones your post history indicates you are interested in, none of the above answers can work. There needs to be a specialized software written specifically for deriving keys and checking against a predefined local database.
1554  Economy / Trading Discussion / Re: For newbies and plebs who want to self-study to become "traders" on: July 24, 2023, 01:00:13 PM
Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.
This is so true.

Another way of scamming people is to create a lot of "signals" regularly and these scammers use social media (eg. twitter or telegram). Basically they buy a shitcoin then start advertising it as a "good shitcoin to buy" so that after others bought it and price went up, they could dump it and make profit while others bag-hold and lose money.
They are easy to recognize too because if anybody had a "good signal" they wouldn't be giving it away for free or even for money. They'd invest themselves and make a lot of money.
1555  Economy / Economics / Re: Federal Reserve launches FedNow instant payment service on: July 24, 2023, 11:08:35 AM
Quote from: pooya87
Do you seriously not understand the difference between centralized fiat (and its alternatives) and decentralized money that is bitcoin after 2 years of being in this forum? Or are you just joking around with this?
So I guess that means you get paid in bitcoin while most people get paid in fiat. They don't care about how much bitcoin their paycheck is worth they care about what it can buy them at the grocery store or somewhere else.
These are entirely different and irrelevant arguments involving bitcoin price which has nothing to do with the decentralized versus centralized subject. When you use centralized currency you are still at the mercy of the centralized authority, if they want to charge back the money you received they can do it easily, if they want to shut down your account they can do it in a blinking of an eye, if they want to put their hands in your pocket and take some of your money they can do that too, and a lot more. They can't do any of it when you use decentralized money.

Having bitcoin is nice but let's be honest, it's not convenient to use. You can't even use it on ebay and why would you want to?
You should not want to do that because ebay is centralized and it doesn't mix well with decentralized money. There is already alternatives  such as openbazar that are more decentralized and are suitable.
1556  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 24, 2023, 10:47:17 AM
I still believe that ETF effects on bitcoin price has been greatly exaggerated, although it will definitely have a positive effect on the price.
Do you believe that $500,000 per Bitcoin is merely an exaggeration by 2025 - 2026 considering Bitcoin's trajectory since 2010?
What I think is that ETF is not the only way we can reach $500k or even a million in the next couple of years although it can be a decent catalyst. In fact you should have seen my predictions a couple of years ago saying in this cycle (the one starting after 2018) price should have reached the ATH of $400k to $500k. I still believe that my prediction was correct, the only problem was the unprecedented economic events on a global scale which is what makes the prediction harder than any other time.

Quote
The context of the topic is in how Gold's ETF, during 2003, helped started a strong surge on its price, AND it's trading near its ATH despite going through different economic crashes/crises. It could probably happen for Bitcoin too after ETF approval, no?
That's True.
1557  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 24, 2023, 07:28:14 AM
The mains purpose for the black sea grain deal as brokered by Russia and Ukraine was to make sure supply of grains in good quantity is spread around the poor nations of the world by the Ukraine through the back sea but from what we are getting from analysis of 32.9 million metric tonnes exported from Ukraine since August more than half of it were going to the developed and advanced nations that are well to do with just about 2.5% to the poor nations an export diversion that's closely monitored by UN reps and Turkey yet no alarm was raised about this.
It was last year that I said this deal is only going to benefit NATO while the propaganda machines in Europe were constantly talking about helping Africa with the deal. It was obvious from day one that Europe is desperately trying to fill their storages and diminish the effects of the food crisis in EU.
Today the stats are also showing that they did steal the food that was supposed to go to poor countries such as Africa. It is a lot higher than reported in the news.

The only reason why propaganda machines are active again and severely brainwashed people like OP are talking about food security in the "world" is because after this deal was broken Europe will start experiencing the food crisis that was going on in places like Africa to some extent.

P.S. This could also be another reason why US is increasing tensions in West Asia by destabilizing the whole region by activating its terrorist proxies considering that this is the land based route that is being established that could move goods including food stuff to Africa (and elsewhere) much quicker and safer without EU or US being able to steal any of it...
1558  Economy / Economics / Re: Russian ruble is scam on: July 24, 2023, 07:15:45 AM
The subject is too silly! First of all fiat currencies don't default, the governments default on their national debt. It also is not limited to Russia, it is true about all fiat currencies since every single government has been printing fiat nonstop and increasing the national debt which they eventually default. The only difference is the size of that debt and the speed at which it grows.
By all measures US dollar is the worst since it has has the fastest speed at which the national debt grows not to mention that it also has the biggest debt of all times which US government defaulted just recently.

https://www.usdebtclock.org/world-debt-clock.html
1559  Other / Beginners & Help / Re: Obtaining legitimate wallets to try and crack them? on: July 24, 2023, 04:16:34 AM
They are all scam and some even give you trojans and stuff like that. If they were real and contained such massive amounts of bitcoin, they wouldn't have sold them in first place!

If you want to waste computing power and electricity it is much more profitable and productive to start mining some GPU minable PoW shitcoins and dump them in exchanges for bitcoin. There are a bunch of "whattomine" websites that can guide you and also there is a altcoin mining board which you can read and learn more.
1560  Economy / Economics / Re: Federal Reserve launches FedNow instant payment service on: July 24, 2023, 04:08:33 AM
If I could send money using this thing internationally to anyone why would I need bitcoin?
Do you seriously not understand the difference between centralized fiat (and its alternatives) and decentralized money that is bitcoin after 2 years of being in this forum? Or are you just joking around with this?
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