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301  Bitcoin / Bitcoin Discussion / Re: Is cryptocurrency bad for the environment? on: July 14, 2021, 06:28:38 PM
Yawn.  The FUD and nonsense that gets bandied around and repeated is nauseating. 

The answer to the thread is: no.

Some questions should be answered before one can ask that question:
1. Is the environment constantly changing?
2. What are the optimal environment conditions for earth?  For humans?  For other life?
3. What is the cost of the tradeoffs involved?  e.g. between fiat's total environmental impact; between the people who are using fiat to steal from everyone every year etc.

Just an open ended question like the title is worthless unless the goal is to spam with nonsense to help advertise your casino.
302  Bitcoin / Press / Re: [2021-07-09] Russia Drafting Law on Confiscation of Crypto Assets on: July 14, 2021, 06:24:08 PM
How can they seize something they cannot see? That is my question!
Because most people are awful when it comes to their privacy. If you have completed KYC at any exchange or centralized service, then chances are they are tracking your withdrawals and linking your withdrawals to your real name. Have you used your main email address to sign up for some competition, giveaway, or airdrop? Have you shared an address on any social media platform, any public forum (such as this one) or via any non-encrypted method of communication (email, instant messaging, SMS, etc.)? Are you using a custodial wallet, web wallet, or SPV wallet? Are you not running your own node? Do you repeatedly search for you own transactions on block explorers without going through Tor? Have you paid someone with crypto and also given them your name, email, phone number, or shipping address? Do you so much as open your wallets over public WiFi? The list goes on. All these things can potentially link your holdings to your identity.

If someone has, let's say 10 btc in cold storage and only him/her knows about that btc, how is any state with any perfect crypto bill, able to do anything about confiscating the assets?
If (and that's a big "if") no one else knows about that bitcoin, then they obviously can't seize it specifically. They can raid your house though, searching for anything which might be a seed phrase or private key, or simply "coerce" you until you tell them all they want to know. Governments around the world don't exactly have a great track record on the whole "innocent until proven guilty" thing.
In fact, I am specifically referring to the fact that IF (big if) NO ONE knows about one's bitcoin holdings there is NOTHING to be seized. Do not assume that there are KYC and exchanges in the middle.
I am solely describing the fact that, theoretically speaking, if only you know about your BTC there rest of the world is out of that.
You can have your brain wallet and move your wealth across nations and borders and no fiat currency limit will stop you.
After all, you have words in your head and UTXOs on the blockchain.


And if it is getting anywhere near the point where they are going to be knocking down doors and using coercion on people to confiscate bitcoin, it is time to cross the border before it begins and borders are shut down.  One would think there would be some warnings about what is to come.  In Cyprus in 2013, there was no overt warning about the coming capital controls and bank seizures, but there were a lot of warning signs.

The problem is once you hit the "Cyprus 2013" scenario, it is probably too late to buy bitcoin or much else, so it is imperative for people like those in Hong Kong, Taiwan etc to purchase them before that so that if it is getting to the point of capital controls and eventually border controls for people, one has a backup plan in place.

303  Bitcoin / Press / Re: 2021-07-10 Btc Mag - The Inevitability Of Bitcoin Supremacy on: July 14, 2021, 06:17:48 PM
This article is written by a fanatical Bitcoin believer.
I don't think that it is inevitable for Bitcoin to become a global currency.Bitcoin will remain predominantly as a financial asset and the investors will keep viewing Bitcoin as an asset,rather than a currency.
I don't think that there will be a "one size fits all" type of currency,that will dominate the world in the near future.
The multi-currency system(both fiat and crypto) will continue to exist and there will be no total dominant.
The financial markets aren't a tournament or a contest,in which "only one will survive in the end".
Having diversity and competition is better than having only one currency and no choice left.

Competition is great, but many of the alts are just junk.  They don't have much security or anything to add to bitcoin.  There are certainly a few that have some interesting features - e.g. true anonymity, smart contracts etc, but those are coming to bitcoin. 

The biggest point though is that out of all of the alts, there are none that are as secure because none have the non-centralized developers, non-centralized miners and non-centralized nodes/user base.  Will there be something that eventually has that?  Maybe, but having one person or one small group of people basically in charge of the code is an awful idea given the number of people worldwide who want to control crypto in general.
304  Bitcoin / Press / Re: [2021-07-08] Elizabeth Warren demands answers from the SEC on crypto regulation on: July 13, 2021, 02:38:05 PM
Warren:  "people are too stupid to be able to figure out risks for themselves and yet are smart enough to vote in people like me who know nothing about it to regulate everyone else."  

Putting a dishonest, divisive, pandering, anti-individual politician in charge of anything, let alone crypto, is idiotic.
I even liked the quote from Senator Elizabeth Warren. The world now contains too much information that is meaningful and useful for a person, which he simply cannot fully remember. Therefore, people, including politicians, need both advisors and the opportunity to turn to narrow specialists for advice. Therefore, on the whole, she said everything correctly.
The fact that she wants to protect the rights of investors is, in principle, commendable. If only here, as always, they do not overdo it and do no harm.

No thank you.  I am perfectly capable of making my own decisions and living with the consequences.  The so-called "narrow specialists" were so wrong about many things that anyone who trusts them is foolish to do so.  Coronavirus and masks not working (see Fauci's lies about it), the WHO etc.  The US funding gain of function research in Wuhan and then attempting to hide it.  The regulators in DC - eg. See Bernie Madoff, the financial crisis etc.  If you are foolish enough to trust them, you will eventually learn the consequences of doing so.  

And all that assumes they are not malevolent and not merely incompetent.  There are plenty of useful idiots, but there are malevolent people who don't like freedom involved too.  

Likewise, even if what you claim is true, why does this need to be a top down force based approach?  If you are not competent to make decisions for yourself, hire someone to do it for you. Don't force the rest of the world down to the lowest common denominator for competence.  Just because one person isn't able to make decisions for themselves, doesn't mean the rest of us cannot.
305  Bitcoin / Press / Re: [2021-07-08] Elizabeth Warren demands answers from the SEC on crypto regulation on: July 12, 2021, 03:42:49 PM
Warren:  "people are too stupid to be able to figure out risks for themselves and yet are smart enough to vote in people like me who know nothing about it to regulate everyone else." 

Putting a dishonest, divisive, pandering, anti-individual politician in charge of anything, let alone crypto, is idiotic.

She was elected from the state of Massachusetts, where the voters don't care much about characteristics such as honesty and skill. Massachusetts is so deep-blue that even Kim Jong Un or Joseph Stalin would get elected to the senate if they fight the elections there. And Warren is a classic old style socialist. She believes that the regime needs to control each and every aspect of the personal life. The government will decide how much salary you get, and which are the assets you are allowed to invest. And going by the trends, I won't be surprised if the US elects either Warren or Kamala as the POTUS in 2024.

I am afraid you may be correct.  The goal is a socialist dictatorship so that everyone is enslaved to everyone else with no liberty while some extremely small group is in control. 

And it isn't just limited to the US, but the world which is a goal of the "global minimum tax" - seduce people into thinking that "corporations will pay taxes" when the reality is that corporations don't pay taxes, they only collect them from people:  The people being employees, consumers and shareholders.  Mostly consumers and employees.  It is beguiling to think that some faceless corporation is going to pay and it works in manipulating people into voting for them to get "free" stuff but it is a scam to seduce people worldwide into giving up freedom to some faceless group who intends to control everyone.

Hopefully there are some countries that will ignore the siren song, but I am not hopeful yet.  The bodycount from the destruction caused by socialism/communism/fascism is in the hundreds of millions if not billions.  The cost to human life and human ability is an order of magnitude or more larger.



306  Bitcoin / Press / Re: 2021-07-10 Btc Mag - The Inevitability Of Bitcoin Supremacy on: July 12, 2021, 03:06:42 PM
Quote
Bitcoin has risen from the dead so many times, it makes Lazarus look lazy. Yet its doubters persist: “Bitcoin is a bubble,” they say; a “risky speculation with little chance of ever becoming an established form of money,” they shout.

But Bitcoin’s obituarists are not just mistaken: they are cast iron, copper-bottomed, 180 degrees wrong. Because Bitcoin’s success isn’t speculative, it’s a certainty. Or at least, as certain as anything can be in the world of finance.

https://bitcoinmagazine.com/culture/the-inevitability-of-bitcoin-supremacy

A very interesting read for your Sunday guys. Since I first read about Bitcoin I had this feeling of the inevitability of Bitcoin supremacy.
These days the El Salvador test could be the reason for Bitcoin to become the global reserve currency. After reading the Bitcoin Standard by Ammous I am convinced about that even more.

Good find!  Thanks for posting it.  They are right, since 2010 I can't count the number of times I've read bitcoin was a ponzi, scam, dead etc.  

The more the insane control freak politicians and their followers want to be able to control and seize the products of people's lives, the more important things like bitcoin become to protect oneself and one's family.

"Move wealth through time. " - e.g. protecting it from authoritarians and the ravages of inflation.
307  Bitcoin / Bitcoin Discussion / Re: Why people are comfortable investing in government controlled investments on: July 09, 2021, 02:12:41 PM
.. Why people are comfortable investing in government controlled investments ...

I think it is because they are naive and think that governments are out to protect them when in reality the governments are there to control them and collect a vig from every person in each country.  It gives them power and money, all the while allowing the politicians to control everyone else.

The government is not there to help.
308  Bitcoin / Press / Re: [2021-07-09] Russia Drafting Law on Confiscation of Crypto Assets on: July 09, 2021, 02:02:20 PM
This is a step in the right direction.Cryptocurrencies,which are obtained via illegal activities must be confiscated from the hackers/scammers.
...

Which illegal activities?  Where physically are these illegal activities?  Which country is going to decide?

The authoritarian leaders in China night have a different view of what is illegal than the people who want to be free in Hong Kong or in the country of Taiwan.  Or the anti-liberty Biden admin in the US might have a different view than the Swiss, the people of Cayman Islands or the people of the Cook Islands.  Russian might not like someone in Ukraine or vice versa.  Unless one is advocating for a world government - which in the end will eliminate competition and destroy human liberty on the planet - this is a bad idea.

Good luck attempting to enforce that as more privacy protections come to bitcoin and other crypto, adding back doors to seize assets is as bad an idea as adding backdoors into encryption of devices.  (Or not encrypting cloud backups with on-device keys).

Edward Snowden and Julian Assange might have different views on what is illegal than the left-wing autocrats in the governments of the 5 eyes (people like Obama, Biden who went after them in the first place etc) and the people at the NSA, CIA etc.

309  Bitcoin / Press / Re: [2021-07-08] Elizabeth Warren demands answers from the SEC on crypto regulation on: July 09, 2021, 01:57:48 PM
Warren:  "people are too stupid to be able to figure out risks for themselves and yet are smart enough to vote in people like me who know nothing about it to regulate everyone else." 

Putting a dishonest, divisive, pandering, anti-individual politician in charge of anything, let alone crypto, is idiotic.
310  Bitcoin / Bitcoin Discussion / Re: Are Bitcoin and Crypto Really Like the Early Internet? on: July 06, 2021, 08:09:00 PM
I wouldn’t say the early days of the internet, but maybe the early days of the web.

People didn’t know what a domain name was, said people wouldn’t use credit cards online, etc. Bitcoin was certainly like that in 2010. And 2013. And 2016. Maybe today it is like the web in 2005.
311  Economy / Speculation / Re: Will the next economic crisis in the world instead cause financial inflows into on: July 06, 2021, 10:04:08 AM
What is likley to happen to BTC in the imidiate aftermath of a global economic crash, and what will a recovery look like in comparison to the economy?

Look at Cyprus in 2013, exchange controls etc. Look at the totalitarian takeover of Hong Kong, and Venezuela, if bitcoin had been around.  Smart people will have some of their assets in a portable, non-censorable asset like bitcoin to protect themselves and provide an escape hatch. The people of Taiwan should have some now after they have seen the destruction of liberty in Hong Kong.

Bitcoin will do just fine and survive.  Who knows about the fiat price, of course, but bitcoin itself will be fine.
312  Bitcoin / Bitcoin Discussion / Re: Bitcoin brings us true freedom of thought on: July 05, 2021, 03:34:23 PM


Bitcoin is considered as a disruptor...now as to the extent it can be disrupting things we will be learning of that fully maybe in the next 10 years of its existence. By the 20th anniversary of Bitcoin, that would be the time we can closely examine the many things it is contributed to the society more specially on finance, banking and money. In other words, Bitcoin is like a Pandora box and once it is open there is no stopping the many repercussions it can be brining be it good or bad.

Most of the people adopted bitcoin for now. In the 20th century, their may be huge investors and traders in the field of bitcoin.So you can see any high value in bitcoin.Even we can see huge amount of investors on 20th century as compared to now. So it's quite enough to the rise in the price of bitcoin as compared to now.


Bitcoin didn't exist in the 20th century so there were no investors or traders in the field of bitcoin.
313  Bitcoin / Bitcoin Discussion / Re: Bitcoin brings us true freedom of thought on: July 05, 2021, 03:33:09 PM
You are right, bitcoin takes power from the governments.

Just to note, that scrip was issued for millennia until the collectivist authoritarians (socialist, fascist, communist etc) found that they could use inflation to destroy countries and to have a hidden tax on everyone who was under their control.  It is the "progressive" (really regressive away from freedom) dream to have control of the products of every person in the world and fiat currencies help to enable that.  Once they had ended any type of peg to an asset, they ended up destroying things even more.  Look at Germany in the 1930s, Cuba, Venezuela, North Korea, China etc.  

Even look at how much the British pound, the US dollar, the Euro, have lost in value over time.  Anyone who thinks that these people promising "free" stuff are really trying to help you, aren't paying attention.  They are manipulating people in order to get their votes to siphon away their wealth.

This "global minimum tax" is an anti-freedom, anti-competition, pro-monopoly policy in order to extract more money from people so that the power hungry politicians in government can take a cut for themselves in terms of money and power.  

Corporations are only tax collectors, they don't actually pay taxes.  So all these "fair share" people are attempting to delude people through the politics of envy, and divide people through the politics of hate in order to conquer them.



Before the birth of Bitcoin, we never thought that private individuals could issue currency, nor did we think that digital currency could truly be used as a payment medium, let alone the rationality of the existence of legal currency. But when Bitcoin was born, everything changed.

We began to doubt the monetary exploitation of us by government agencies. We began to think about the irrationality of various centralized financial institutions. We started fighting for our currency independence. We began to use Bitcoin to protect our wealth from inflation. We began to think about all kinds of injustices in society.

In this process, I think our biggest change is that our minds have been liberated. We began to pursue freedom of thought. We are no longer imprisoned by the opinions propagated by various media. There are countless possibilities in our brains.

I believe that thought is the most powerful tool of mankind, and it is the eternal source of our lives. It brings soul to the development of our entire society. Once social development deviates from the consensus of most people, new ideas will be born, guiding human civilization on the right track of development.

The birth of Bitcoin truly liberated my mind and broke the confinement of my mind. Make the impossible possible. I believe that the highest state of freedom is the freedom of thought, and the decentralized thinking brought about by Bitcoin infinitely magnifies this freedom.

We are free to post and exchange in bitcointalk today, which is to constantly clash of ideas. We have gained real growth in this collision.

This is my view on freedom of thought. What do you think?
314  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin Mining Cause Global Warming? on: July 04, 2021, 03:58:25 PM
I don't think so, global warming has been a problem for a really long time, it's just that bitcoin was able to have a really cool feat of large consumption of electricity and FUD spreaders just find that it fits their agenda that bitcoin could be a good scapegoat.

Climate change has only been happening for about 4.5 billion years on earth.  50 years ago the concern was global cooling, 20 years ago global warming, now generic climate change in order to make any proposition that could be falsified. If you want control, you'd sow fear.
315  Bitcoin / Bitcoin Discussion / Re: What Happens to the People Wanting to Run a Node in 20+ Years? on: July 03, 2021, 10:13:17 PM
ROM is not RAM.

20-22 years ago ISDN was fast. 25 years ago 56k was fast 40 years ago 1200 bps was fast and a few years before that 300 and 110 baud was nice. And a 5 MB HDD was huge and 64K of RAM was lots with a 1 MHz CPU.

20 years from now we will look back and think about how little storage, RAM, and CPU speed we had.

Given the block chain grows relatively linearly and computing power and storage are growing more (Moore) and linearly, and one get get fiber internet today (and for years) the initial sync will be improving over time.



Ten years ago, processors were.. 3 GHz. And today, processors are.. 3 GHz.

Wait.

Let me restart.

The necessary storage/transfer will be mostly linear scaling due to the limits on the number of transactions.

So today, a full node takes maybe 300 GB. Ignoring the first few years, we can estimate 300 GB / 5 years. In twenty years, all transactions will be encompassed within < 2TB of storage. Think how fast memory/ROM develops. You have 2 TB of ROM now, easily accessible. And that's the limit within 20 years. That's not really that much.

Yes, it might take a few weeks to download, but bandwidth will increase too.

Also, keep in mind that many people don't use a full bitcoin node to interact with the chain.
316  Bitcoin / Bitcoin Discussion / Re: So, you want to get sued by a scammer? on: July 02, 2021, 04:54:11 PM
What about using an anonymous hosting service. If its cheap im sure a lot of people
would only be too happy to defy CSW's claims and demands.

This service below is "offshore" so im sure and "laws" passed in the U.K or elsewhere
wont matter? I stand to be corrected.

https://abelohost.com/offshore-web-hosting/

Yeah that will work, decentralized file sharing solutions like IPFS, Arweave and Skynet are also good options for hosting files for free on the clearnet. This topic of mine has a few copies hosted in those locations: https://bitcointalk.org/index.php?topic=5346576.0

There are also things like ZeroNet, file coin, and freenet (among others) that might be useful in hosting copies of the paper and the source.  I would be surprised if there are not copies on there already, but I haven't looked specifically for it.

Presumably one could also post the paper in snippets on Twister and similar platforms. 
317  Bitcoin / Bitcoin Discussion / Re: ¿what is the contribution to the society of the idea behind bitcoin? on: July 02, 2021, 02:59:10 PM
1. Protection from authoritarians who want to seize the products of your life - just like the democrat slave owners in the US, who believed that their need was justification for seizing the lives of slaves
2. Avoidance of capital controls imposed by those authoritarians
3. Protection from the ravages of inflation caused by terrible polices like those above
4. Inability to censor - unlike banks, fiat, centralize crypto
5. Decentralization
6. Anonymity - more anonymity as time progresses with various upgrades to the software
7. Micropayments via second layers

In short, protection of your freedom and liberty from those who want the power to control you and the power to decide how you should live your life.  Protection of the smallest minority in the world - the individual - from the power of the majority who may believe that the minority of one has to bend to the will of a majority because they hold a gun.
318  Bitcoin / Bitcoin Discussion / Re: I want to talk about Soros and Bitcoin. on: July 02, 2021, 02:51:41 PM
Please do not sell your bitcoin before its price reach 100000$

Only $100 000? Well, I wouldn't sell BTC to Soros or to people like him for $1 million - do you value your BTC so little? You see, that's actually the problem we have - everyone has some sort of exit price, and will probably sell sooner or later, and believe me those who have so much money like Soros or even much more than him can afford to buy BTC even for $100k.

If 10% of the world's people control 90% of the world's wealth, the advantage of purchasing power is definitely on their side - it's only a matter of time before they buy most of the BTC - but at least some of the poor will get rich, at least for a while.

Exactly.  When bitcoin his another 2 to 3 orders of magnitude from here (e.g. more than 100 to 1000 X from here) it may get more stable in fiat terms and then there will be no need to exit the bitcoin/crypto ecosystem since people will transact more in bitcoin. There is no need to exit.

Having an exit price has been a bad strategy for more than a decade and seems likely to continue to be a bad one.  Everyone who had an exit at 1, 10, 1000, 20000, etc has regretted it.

319  Bitcoin / Bitcoin Discussion / Re: Bitcoin security in the long term on: July 02, 2021, 02:44:47 PM
china continues to ban bitcoin mining, donald trump hates bitcoin, the tesla company no longer accepts payments in bitcoin, maybe this will be a question mark about bitcoin security going forward, we can't deny that many predict the price of bitcoin in the future will continue to rise, will continue to soar, so how do we secure our bitcoins in the future, is it possible that security in the future will still be the same as now???

What does Donald Trump have to do with this? 

Socialists, fascists and authoritarians in general don't like bitcoin since it interferes with their control over everyone else, so the current administration won't be friendlier to bitcoin over the long term.
320  Bitcoin / Bitcoin Discussion / Re: The recent house hearing concerning bitcoin and cryptocurrencies on: July 01, 2021, 04:18:58 PM
I mean, the comment on the California Lottery tells it all. This people will always have a pre-determined agenda to respect and in fact they don't actually care about the underlying value of bitcoin.

Jeebus that was bizarre. How is people wasting time on the lottery better than investing in literally anything?? I know that the government gets funding through the lottery, but recommending the people to go with lotteries instead of investing? That's definitely one way to make sure the masses stay poor.

You hit it on the head with the comment above.  They want the money and the power that comes with distributing it.  People like Sherman (and his party) want the power to control everyone by controlling their financial lives.  His attitude is that he doesn't believe people are smart enough to make decisions for themselves, but are smart enough to vote dunces like him in to do it for them.  And his "something for nothing" mentality where "someone else" is going to pay for everything is the same mentality that the Democrat slave-owners in the old South had:  I have the right to dispose of the labors of your life merely because I want to do so.  Talk about an evil and immoral philosophy.
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