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641  Economy / Economics / Re: First time? A company suing because people aren't buying its products!!! on: January 02, 2024, 07:21:32 PM
but it's a wonder why it's only happening in Asian countries, are other parts of the world not mad about the killing in Gaza? 
The news about the Genocide in Gaza is heavily censored outside Asia so it is understandable to not see as much anger toward the terrorists that are killing Palestinians these days in the West. Although I have to see the number of protests in US and Europe against Israel is increasing very fast.

to create the appearance of “victory over McDonald’s and their idiotic capitalist grin.”
Your brain has been washed so many times that it is very concerning how you think these days! Cheesy
If you wanted to think $1.3 million lost revenues is "defeating" a $200 billion company, that's your choice but don't stick it to me Cheesy

What events like this are doing is discouraging such companies from openly and largely supporting terrorist organizations such as Israel. They'll be forced to decrease their support, some even stop it or take it underground and through proxies that would make it harder to get the funds to the terrorists and increases the cost significantly which all translates into less bombs to murder women and children.
Of course Zionists don't think that is a "victory" so I understand how you feel. Wink
642  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: January 02, 2024, 03:02:19 PM
Second , if no rules are broken why is it attack ?
The same reason why sending a million requests to a website's server per second is not technically breaking any rules but it is an attack.

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For more than 6 months that fees were low and inscriptions were made most btc'ers were mocking and no one was talking about an attack . Now that it affects their pockets it has become one ? 
Just because you haven't seen it, that doesn't mean it didn't exist. We've been discussing this attack from the day it was created. Obviously regular users who don't deal with Bitcoin every day may not even be aware of the attack taking place and only find out about it when the severity of it has grown enough to affect them.

It's like that website that was being DDoS attacked for months but you only visited it after months to face the problems.

With that said, Ordinals is an attack because it is abusing Bitcoin which is a payment network not a cloud storage. Additionally this attack only became possible by finding and using an exploit in the protocol that was added through a past soft-fork.
643  Economy / Economics / Re: Ditching US dollar on: January 02, 2024, 02:51:56 PM
I have seen a little of the world and many pariah states deserve that title.
Your opinion of other countries has nothing to do with ditching the dollar or economy for that matter.

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The financial turmoil in 2008 was due to excesses and a lax executive control.
The economic crisis of 2008 was caused exactly because of what the US banking system was doing which is the definition a Ponzi scheme. The worst part is that it was not and still is not the only case of Ponzi scheme...
644  Economy / Economics / Re: Ditching US dollar on: January 02, 2024, 02:05:32 PM
The US stands for stability, or at least for more stability than the BRICS States.
US has not have stability for a very long time. Its economy has also been too fragile, basically ever since they turned into a Ponzi scheme; we saw its fragility in 2008 and those who woke up created an an exit called Bitcoin. Now more people are waking up and are making another centralized exit called BRICS.

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BRICS States are a club of paria States.
Of course any country that seeks to "ditch the dollar" becomes a pariah state in the eyes of the printers of the dollar Grin

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Why do you think it is trillions of $ in trades?
One word: Petrodollar
645  Economy / Economics / Re: First time? A company suing because people aren't buying its products!!! on: January 02, 2024, 01:51:55 PM
How did the group linked this particular Mcdonald's to Israel-Hamas war?
Not this particular one, but McDonald's in general. After all the entire profit goes up the chain to the owners and they use that profit to fund the genocide of Palestinians both directly and indirectly.
The link of companies such as McDonald's to Israel is well known. I covered it a little in the other boycott topic here: https://bitcointalk.org/index.php?topic=5474012.msg63179301#msg63179301

mcdonald franchise licencee's release statement
"we do not support any political motivation. all death and suffering of all humans are bad. we will continue to fund relief efforts of any landscape/location of the citizen victims harmed by actions of their politicians bad decisions"

as long as mcdonalds only fund food supplies to both sides victims of war.. and not supple cattle prods and meat burning materials to militia's of any side. then mcdonalds can escape the problem
haha yeah they'll probably send some supply trucks to Egypt claiming they've sent it to Gaza while those trucks get stuck behind the tall walls (the prison walls surrounding the city/prison called Gaza) in Rafah and then go ahead and pay another $1.3 billion to the Zionist murderers to help the genocide directly!
646  Other / Meta / Re: Mixers to be banned on: January 02, 2024, 06:57:37 AM
Maybe someone should take up donations for development of a new forum.
Money doesn't seem to be the issue here. The problem is lack of new ideas and lack of motivated people to execute them. And lets not forget that nobody paid Satoshi Nakamoto to create the decentralized money we call Bitcoin.

Happy New Year!
Happy holidays.

...New Year in the middle of winter, it never made sense to me Smiley
647  Other / Meta / Re: Mixers to be banned on: January 01, 2024, 02:57:23 PM
I think it's time to start serious discussions on how to decentralize the forum, move away from Cloudflare/US servers, or at least reduce the impact of regulatory decisions on the forum.
This. We should always strive for more decentralization.

P.S. The wallet you are advertising in your signature space (ie. Wasabi) cooperates with blockchain analysis companies (aka anti-privacy organizations) while claiming to "pro privacy"!
648  Economy / Economics / Re: First time? A company suing because people aren't buying its products!!! on: December 31, 2023, 05:44:53 PM
So either a link to an adequate source, or thanks for the funny New Year's tale Smiley
With a quick look at your post history, you basically consider Reuters an "adequate" source since you namedrop it often although without providing any link and apparently only as long as it is saying stuff that you like and other times when you don't like it, Reuters becomes not "trustworthy" Cheesy
Good to know you are still a desperate propagandist.
649  Economy / Economics / Re: 2024 & Prediction of World War III - Effect on Cryptocurrencies on: December 31, 2023, 03:59:35 PM
It depends on how you defined a World War and its scale.

I believe it was Einstein who said "I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones". In this view the next World War will include nuclear weapons which could be categorized as an extinction level event, in which case there is no humanity left to want cryptocurrencies.

There is another view on how World Wars are categorized and in that category we're already fighting World War 5 (started on 2020 and will last at least till 2050). I'll skip the details but I can expand on this categorization if you like.

WW5 will be the same as 3 and 4, will be fought in many places (like the ongoing war in Ukraine, Palestine and Red Sea, South America like Venezuela, Africa like Niger/Algeria/Morocco, East Asia like Taiwan, etc.), will also include more cold wars and proxy wars.
It's effect on the economy, food and energy markets will be seen each time the conflicts intensify as we've seen over the past year (worsens as conflicts intensify). Then it will indirectly start affecting other markets like bitcoin's. For example we saw how the recession put a sell pressure on bitcoin price and caused a crash and then how inflation which has been acting against it could bring the price back up again as people still see bitcoin as a hedge against inflation.

Basically I'd say as long as things don't get out of hand and WW5 goes the same rout as the previous two we can pretty much expect volatile bitcoin market with more crashes but an overall rally in the long run.
650  Economy / Economics / First time? A company suing because people aren't buying its products!!! on: December 31, 2023, 01:06:37 PM
I just read this news and I can't stop laughing.
McDonald's is said to be planning to sue people who have been refusing to buy its products over the past months leading to their $1.3 million loss. This is due to a boycott movement where people in a lot of countries are sanctioning this company because of its support of the Zionist regime that is occupying Palestine and is committing genocide there.

Imagine if some day you are out and about, suddenly someone wearing a chicken suit puts a gun to your head forcing you to buy their fast food or they'll shoot you Cheesy

Ref: https://www.moroccoworldnews.com/2023/12/359864/mcdonalds-malaysia-sues-pro-palestine-activists-over-boycott
651  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: December 31, 2023, 12:53:57 PM
Why are we even discussing a very experimental solution that experts claim won't work at least for another 30 to 40 years? The world is moving towards that for sure but in such a long time a lot of things would change. Just look at the past 30 to 40 years! The world has changed significantly. I'd say it is perfectly possible to see another world order change in that period!
652  Economy / Economics / Re: How will the BRICS currency influence Bitcoin? on: December 31, 2023, 11:31:37 AM
A lot of these countries started to use Crypto currencies like Bitcoin to bypass these restrictions, so it will be natural that less demand for Bitcoin would occur, once these countries created their own single currency.

What do you think will happen to Bitcoin, when these BRICS countries created their own digital currency? Will there be a significant drop in the demand for Bitcoin?
As far as I've seen so far only a couple of cases have been in the news about countries using bitcoin for their international trades and even that is on a very small scale which means they aren't affecting the market to begin with and even if they start using BRICS currency replacing dollar, that still doesn't mean ditching bitcoin altogether. Bitcoin is still a good investment to hold.

brics is not a currency. its more of a commonwealth(group) of nations
Considering that it is not yet released, you can't say what it is and is not. Smiley
So far they've stated they are planning to release a new "currency".

BTW this is a symbolic note they released last year
653  Economy / Economics / Re: Ditching US dollar on: December 31, 2023, 11:22:03 AM
Of course it's going to badly impact the US dollar, just how severe should be the question you should be asking.

It won't as the poorest citicens won't use that BRICS,
40% but 80% of the poorest citicens live in the BRICS countries,
That's a weird percentage you came up with lol
In any case BRICS and its currency has nothing to do with "citizens" and their day to day medium of exchange. None of them are using dollar today and they won't start using BRICS currency in the future either.

BRICS currency is something meant for international trades on very large scales (trillions of dollars) between countries that is currently taking place using dollar. That is why its creation will have a negative impact on US dollar as it will lose its demand and with dollar's massive circulating supply and US unimaginable national debt the dollar value could crumble.
654  Bitcoin / Bitcoin Discussion / Re: Know your facts: Fundamental differences between Bitcoin and Ethereum on: December 31, 2023, 10:55:54 AM
The best course of action was to fork the chain and render the stolen ETH tokens to become invalid. Since then, their network have become more resilient to attacks.
Since then other cases similar to DAO happened, some of which were in millions of dollars. They never rolled back those!
The best course of action would have been to hard fork and fix the bug in the protocol to prevent future DAOs from happening instead of just getting their own money back. Tongue
655  Bitcoin / Development & Technical Discussion / Re: Step by step guide to go from public key to a P2WSH Bech32 encoded address on: December 31, 2023, 04:59:47 AM
4. Add OP_0 in back of the step 3
Code:
1863143c14c5166804bd19203356da136c985678cd4d27a1b8c63296049032620
can somebody explain this step, please?
...if anyone is here still....^^
That is a wrong step that OP didn't perform either! It's just written that way. The OP_0 (witness program version) is added in step 6 as a 5-bit integer before computing the Bech32 checksum instead of adding it as an 8-bit integer to the hex/bytes you have in step 4. If you do the later, it will break step 5 where you're splitting your hex into 5-bit chunks.
656  Bitcoin / Development & Technical Discussion / Re: (Ordinals) BRC-20 needs to be removed on: December 31, 2023, 04:48:58 AM
This is a good idea, but WHO would want to attack Bitcoin?
As much as I like hearing what others say about this, I don't like speculating about who is behind this attack or why myself because the only thing that matters to me is that Bitcoin is currently under attack and we need to keep discussing ways to prevent it.

We had the same thing in 2017 too. People speculated about who is behind that attack, in the end the fee market stopped that spam attack by increasing the cost of it. This time it is slightly different since there is an exploit and there is an attached incentive to perform the attack (the market where the scammers meet to trade the arbitrary data).
657  Bitcoin / Bitcoin Discussion / Re: How Can I Pay Lower Bitcoin Transaction Fee and Not Get Stuck? on: December 30, 2023, 02:53:48 PM
There are decentralized chains that have higher TPS than btc.
Theoretically and on paper anything is possible, you can even have unlimited number of transactions per second. For example Ethereum was supposed to be "a decentralized computer" in theory.

But what about reality?

When we check out each of the alternatives, we see that they either suffer the same flaws as Bitcoin (because majority of them are copies of Bitcoin!) or they suffer a wide range of other issues as what they've changed is opening up new attack surface.
For example Ethereum (which is not far from being a copy of Bitcoin) suffers from the same problems and on top of that it is not what it was advertised as (the theoretical case I said above). Instead it is a centralized shitcoin with a flawed protocol, a massive premine and a mutable blockchain.
658  Bitcoin / Bitcoin Discussion / Re: Questionable features of Bitcoin on: December 30, 2023, 02:37:53 PM
at 130 sat/vbyte,
That rate is 130 times higher than it should be Undecided

Basically, base layer is for huge transactions, while the low coffee-price transactions will be on other layers
I wonder what the "censorship" dudes think about this statement Wink
659  Bitcoin / Bitcoin Discussion / Re: [Poll] If Bitcoins blocks were 10x larger, would the miners be earning 10x? on: December 30, 2023, 02:30:21 PM
nodes on the network do not translate to market price effects
I wasn't suggesting that either, instead I'm drawing a picture of a scenario where people start abandoning Bitcoin which would also show itself up in the market and the price.

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also 10x blocks may not equal 10x transactions. and wont equate to 10x fees
 if they just expanded the metadata/witness area and not redefine the base block size
My assumption was a hard fork where we no longer need the witness computation mechanism which means a raw 10 MB space. After all the only reason for it was to have backward compatibility and capacity increase through soft-fork.

Also about the first like you are forgetting the attackers! A bigger block means more space for them to attack bitcoin and at cheaper cost too. In other words the nodes would end up processing AND storing 40 MB of garbage every 10 minutes.
It could also translate into same high fees and congestion!

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if 1mb base had a lean tx count potential of 4200tx a block(calculated by satoshi himself in 2010)
It is not possible considering the number of "consolidating" transactions people and major services push to the blockchain. That is transactions with many inputs and outputs that have a high size.

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common sense, logic shows uncludging the blocks. make tx lean and then scale up by just 3x can allow better then 10x fee less per transactor without taking amounts away from pools and without needing to LEAP to 10x blocks of junk
Ignoring your weird fetish to bash SegWit, if we some day end up doing a hard-fork there is a lot of ideas that can be implemented to "make tx lean" or better say compress them. For example right at the beginning of each tx there is 4 wasted bytes for version which is completely useless! AFAICT the only place tx version comes to play is in OP_CLTV which nobody uses that option, not to mention it can be reworked.
Things like that would also speed up verification since we could end up with a smaller message to hash (smaller serialized tx when verifying signatures).
660  Other / Politics & Society / Re: Moving to America on: December 30, 2023, 02:09:04 PM
I hear California is very nice. The standard of living is so high that in 2023 alone 10000 people decided to live on the streets and "take care of business" on the sidewalks as people walk by 💩 Grin

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