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821  Economy / Economics / Re: Economic Implications of War on Individuals on: December 05, 2023, 03:29:36 PM
I would also add point 3: Joining economic and military-political alliances like NATO.
NATO is purely an American tool which I wouldn't even call an alliance and its purpose is only one thing: a military proxy to counter Russia. It is not to protect NATO members, it is only to protect US.

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As you know from history, there has never been a single case of a crazed aggressor attacking a country with greater military, technological, and economic potential.
The "biggest" member of NATO is being attacked every day. USS carney is back to Djibouti port for repairs again after yesterday's attack Smiley

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The peculiarity of bastard regimes is meanness and cowardice, so they attack only countries that are guaranteed to be unable to resist.
Exactly. This is why United States has only attacked disarmed and extremely weak countries like the disarmed Iraq, the cavemen controlled Afghanistan, etc.
822  Economy / Economics / Re: Is energy prices about to shoot up? on: December 05, 2023, 03:15:46 PM
But let’s return to the topic of fuel prices, according to the quite reasonable request of the respected author of the topic !
You say that and yet you are still off-topic Cheesy
That's because you are still reading the title (not the topic content) and responding to the title. This is not about energy prices, this topic is about the effects of the conflict in Red Sea on energy prices! Since the topic is already derailed I won't bother with deleting anymore...

BTW the big supply cut by OPEC is going to start in first quarter of next year which means it won't affect the price until then.
823  Bitcoin / Bitcoin Discussion / Re: Closing Central Bank is Non-negotiable says pro-bitcoin Argentina Pres Milei on: December 05, 2023, 05:08:15 AM
This is what happens when non-politicians become politicians! He is basically Zelenski 2.0 who is set out to ruin the country.
I agree that some of the decisions he has made has been rash, looking like they were made for the shock effect of wanting to change things at the snap of the finger rather than having a long term goal in mind, but politicians have been failing for years unend now.

I don't think we should highlight the non-politicians who entered into leadership positions as an argument against it, we have had a truckload of politicians running economies to the ground and there are non-politicians who have done well in their time in charge.
Someone who has spent a large portion of their lives in politics has the most important thing: experience. Even if a large number of existing politicians have been incompetent and have messed up, that still doesn't mean we should look outside and bring people in who have zero experience in politics and in leading a country!

It's like if developers of a project weren't coding well and the project had bugs, and to solve it we decide to kick them out and bring in people who have never written a single line of code in their lives!

The point is that there is a third option between choosing among the existing incompetent politicians and new inexperienced and volatile people. Unfortunately a lot of countries are choosing the later these days because these "celebrities" are proficient in gaining "followers" by advertising themselves.
824  Bitcoin / Bitcoin Technical Support / Re: A noobie question about secret words on: December 05, 2023, 04:26:52 AM
There are a couple of concepts you should not confuse with each other:
1. Mnemonic or seed phrase
this is the only thing you need to recover your keys and regain access to your coins on any device at any time.

2. Passphrase (extension words)
There is an option to "extend" the mnemonic the wallet produced for you at the start with some extra words known as the passphrase. It is optional to use this but if you do then you will need to have that too when recovering your keys later.

3. Password (encrypting wallet file)
This is only needed if you want to recover the "file" itself because it is encrypted and if you have the digital backup and want to use it on another device you have to also enter the password you used to encrypt it.
825  Bitcoin / Bitcoin Technical Support / Re: Why Bitcoin Legacy Address got Replaced with Segwit on: December 05, 2023, 04:16:20 AM
You seem to be unaware that LTC was a fork, Not comparable to Doge.
Fork is the technical term for a copy. If you check the source codes you can see how they have and still are simply copy pasting everything from their parent project (everything except the small parts they'd changed).
https://github.com/litecoin-project/litecoin
https://github.com/bitcoin/bitcoin/compare/master...litecoin-project:litecoin:master
826  Bitcoin / Development & Technical Discussion / Re: Mixing Services on: December 05, 2023, 04:09:53 AM
If you want to develop something that is actually useful for Bitcoin (not for your personal profit) then look into the concept of CoinJoin and the existing implementation of it and see if you have any idea that could improve upon the existing ones, maybe even introduce a new more decentralized one!

Otherwise if you want to create yet another centralized mixer, you'll probably get shut down and possibly arrested soon after your "service" picks up a certain amount of traffic.
827  Economy / Economics / Re: Economic Implications of War on Individuals on: December 04, 2023, 03:05:32 PM
Unless you already live inside a warzone, you should ask about ways to prevent war instead of trying to think about ways of surviving it. NOW is the time for prevention since war hasn't broken out in 99% of the world.

There are two main ways of doing that:
1. Kicking any idiot in the government who is a warmonger or is stupidly taking steps that is going to lead to conflict out of office. This is specifically important for countries who are or have elected people who are not really politicians and have no clue what they are doing. Best example is Ukraine that had a celebrity as president who pushed their country into war.

2. Increasing military defensive strength to discourage any foreign force from thinking of starting any kind of conflict. That requires more budget allocation, and most importantly strategic alliances specifically with neighbors while avoiding far away players that seek their own interests at the cost of destroying your country such as what United States has been doing to other countries around the world.
828  Economy / Speculation / Re: So I guess we sell at $48626 ? on: December 04, 2023, 02:20:09 PM
Bitcoins current all time high is sitting at $70k and the higher we go the less willing people are going to be to sell their bitcoins. Meaning if price reaches $48k there are more people who would want to buy bitcoin and push the price over the resistance at $50k and beyond to reach the previous ATH again.

And of course we may finally see a momentum build up that breaks through all these prices one by one.
829  Bitcoin / Bitcoin Technical Support / Re: Why Bitcoin Legacy Address got Replaced with Segwit on: December 04, 2023, 02:14:02 PM
Please be so kind and point to a source, I would like to know if that claim is true.
Litecoin being flawed, on what data you base your statement?
LTC as the copy of Bitcoin and Doge as the copy of LTC, inherit the same weaknesses from the parent project. For example the vulnerability to spam attack causing network congestion or the rest of the weaknesses Bitcoin has.

Additionally the copycoins always change something that introduces additional weaknesses and in some cases even serious vulnerabilities. For example Dogecoin being a PoW and not popular at the same time made it vulnerable to 51% attacks. That is on top of numerous other critical and exploitable vulnerabilities that have been found when someone bothers reviewing their codes.
830  Bitcoin / Bitcoin Technical Support / Re: Why Bitcoin Legacy Address got Replaced with Segwit on: December 03, 2023, 03:40:40 PM
all small blockage btc sends would be encouraged to move to LTC or Doge.

BTC blockchain clog is over and done with.
Bitcoin's network congestion is not because of "small transactions" it is because of an ongoing spam attack that is self sustaining by providing an incentive to the attack participants in a scam market where they gamble on the spam transactions they create.

Not to mention that flawed copies of bitcoin like LTC and Doge have the same problem, the only reason why they aren't being spammed right now is because they aren't being used in real world to create the incentive for attackers to perform such an attack in such a scale.
831  Economy / Speculation / Re: BITCOIN BULLISH PENNANT. on: December 03, 2023, 03:12:05 PM
For now it seems like we are going to continue seeing slow and small rises that are consistent too. Which is a good thing but I don't see any big jumps in the near future. Because the bulls you are talking about haven't gone anywhere, they have been around if you zoom out and see how price has been on the rise consistently for the past ~3 months now. Even the bigger picture since January shows an overall rise with only corrections and market manipulation dumps.

What we need for that "sharp climb" is two things: the uncertain investors who are still too afraid to buy back in but have a lot of money to invest. And also the money that went somewhere else like the shitty but high paying bonds (due to high interest rates) to come back to bitcoin market which requires interest rates to come down.
The second one requires interest rates to come down which is not gonna happen since inflation would shoot up thanks to high and increasing energy prices.
The first one would happen if a strong resistance is broken. It may be $40k but I'm more sure about $50k being able to do that.
832  Bitcoin / Bitcoin Discussion / Re: Will you sell your bitcoin to blackrock? on: December 03, 2023, 08:47:09 AM
Your scenario and the example you used has only one possible answer: YES.
It's pretty simple, if someone offers you $100k for each bitcoin that you own, you should sell them your bitcoin without hesitation because unlike the house in your example you can buy the same exact bitcoins again with the money you just got! Cheesy

You see, bitcoin supply is limited but the there is enough liquidity in the market that can not prevent you from making that trade.

A better question would have been whether people were willing to buy the Blockrock nonsense instead of buying bitcoin directly in first place. The answer to that is unfortunate because a lot of people are still preferring the custodial and centralized option rather than the decentralized and correct way of acquiring bitcoin.
833  Economy / Economics / Re: China's real-estate sector is NOT doing well, it might bring whole economy down on: December 03, 2023, 05:14:33 AM
The China International Capital Corporation, a state-owned multinational investment and financial services company, has banned/censored all of its analysts from writing or saying anything bad about China's economy, the Chinese market, and Chinese companies.
Welcome to the real world where every government is doing exactly this with a different approach Grin
China being a traditional dictatorship, bans things outright and obvious like. Others like US that are a modern dictatorship, bans the same things in a different and non-obvious way. For example by having full control over the mainstream and social media and prevent the facts from coming out. That means despite all economy experts calling US economy the literal definition of a Ponzi scheme, that is not allowed to be said in the mainstream media for the majority to hear. Anybody who says it, despite their academic weight, is called a "conspiracy theorist" until 2008 is repeated and everything falls apart!
834  Other / Politics & Society / Re: IDF are terrorists who bomb children in schools. on: December 03, 2023, 05:00:06 AM
Having said that I believe that every country in this world owes it's citizens the  right of protection, so if an external force attacks them in their territories, they have the right to defend and respond in equal terms. So on that I can not blame the IDF for responding to the killings and threats on their citizens, because if they don't greater calamity from the enemy can befall on them.
Palestinians aren't an "external force" in their own country that is currently occupied! That would be like saying "Russia has the right to defend itself inside Ukrainian soil that they occupy like Crimea"!!!

Just like Russians have no right to be in the occupied lands in Ukraine, the Zionist regime calling itself Israel, doesn't have any right to even be in Palestine let alone use any force against the Palestinians (whether civilians or the armed forces defending them such as Hamas).

In other words the Zionists are the "external force" that are occupying the Palestinian soil and killing people of Palestine. According to the international law and the United Nations charter nothing can impair the right of Palestinians from using any means necessary to fight against the invaders that are committing genocide in their lands. Be it in occupied Palestinian lands like Quds or the semi-occupied regions such as Gaza and West Bank.

835  Other / Meta / Re: Mixers to be banned on: December 02, 2023, 02:48:40 PM
The authorities will never declare a hunt of our BSV coin.
That's true. Their time and resources are too limited to go after shitcoins that nobody uses. The same reason why they never go after tens of thousands of other similar shitcoins that nobody really uses.
836  Economy / Speculation / Re: BTC Sentiment Poll for December on: December 02, 2023, 02:10:18 PM
But BTC has been trending up.  Are we seeing crypto decoupling itself from the more regular, traditional markets?  And if so, how long could it stay in this state?
Bitcoin has never been coupled with traditional markets to decouple now. What affects bitcoin is the economy on a larger scale. For example when recession hits the global economy (like during COVID or in the past 2 years with the wars), people tend to liquidate their assets which means selling bitcoin and stocks and gold and ... so they all come down together but that doesn't mean there is any correlation between these markets. In other words people didn't panic sell their bitcoin because the stock market crashed for example. We have seen time and time again that when traditional markets tank, bitcoin doesn't care and it rises.

What I'm pointing out in my post is the economy in general is not looking good specially with energy market being too volatile and unpredictable. We have the conflicts in oil rich regions then on top of that the OPEC producers keep cutting production (they agreed to cut production by another huge amount, 2.2 mil bpd in January).

This create a chain of events. Higher energy price and shortage leads to higher inflation which the governments desperately try to lower by increasing interest rates which then creates recession (or worsens the ongoing recession) and at the same time high interests suck the money out of other markets into the government bonds (government pockets) because they become profitable.
That could potentially put a sell pressure on bitcoin and at the very best slow down the inevitable rise.

The only way I can see a big rally this month or next year is either if energy price comes down (to something like $30) or with high energy prices if FED stops trying to manipulate the market by increasing interest rates and let the inflation rise, in which case bitcoin would shoot to the moon in no time. Just like 2017.
837  Other / Meta / Re: Mixers to be banned on: December 02, 2023, 01:45:52 PM
=======
Democracy in the United States of America is slowly dying.
=======
Democracy died many years ago in US, but if that weren't enough the last nail in the coffin was during the events leading to January 2021 when hooligans raided the Capitol because of the orders given by their hooligan leader who was never prosecuted for his crimes...

out of fear of a Bitcoin Talk shutdown
If it comes to that I don't think they'd stop at shutting down the forum. There'd be arrests too... It wouldn't be the first time they do something like that either!
838  Bitcoin / Bitcoin Technical Support / Re: how to access from phrases only. on: December 02, 2023, 05:13:27 AM
Start by checking this topic: [overview] Recover Bitcoin from any old storage format so that you can tell us what kind of data you actually have because what you call "paper phrase" is unclear and isn't something we can help you with.
839  Other / Meta / Re: Mixers to be banned on: December 02, 2023, 04:39:38 AM
If there is a door to be kicked down, the authorities will eventually kick it down. That's the problem with centralization, which means the solution is to eliminate centralization (like what we did with Bitcoin). However, there isn't any solid progress in developing decentralized social networks, forums, etc. which is the unfortunate part.

CoinJoin-supporting non-custodial wallets
This is the weird part to me since by definition these are also mixers and where functionality is concerned there is no difference between these and the centralized mixer mixing coins!
840  Bitcoin / Bitcoin Discussion / Re: Distributed Passphrase > Multisig? Poke holes in this. on: December 02, 2023, 04:11:45 AM
I personally have always viewed multi-sig equal to multi-party. Meaning for example 2 or 3 partners in a business each hold a key to a 2 of 3 multi-sig to be able to spend the funds together. That's where multisig signs best in my opinion.

For a single user, I'd stick to a simple single-sig setup with separate backups too. Specially when it is coins you want to place in cold storage and not touch for a very long time.

The only downside I see is that you generally don't want to keep or use a single private key (address), so what you actually backup is your seed phrase (that generates many keys you'd use). Considering there aren't any standard way of encrypting a seed phrase (as opposed to BIP38 for single private key) using a seed+password setup becomes complicated again compared to multi-sig where there are multiple seed phrases.

I'm trying to game out how to explain xpubs and descriptors and derivation paths to people who aren't technical.
There are certain things like derivation paths that end users don't really need to know. The wallet should take care of them under the hood automatically. Like what Electrum does.
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