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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 17, 2024, 02:47:45 AM
Yes it is a steady addition of new coins with a division factor to prevent an infinite supply. What exactly is your problem? We're not mining Dogecoin here.

This is "inversed exponential" Tongue

Legend has it a math guy tricked a king once with grain.

Now it seems Satoshi found a way to trick the world once again, though in a reversed way, but ultimately same way.

Perhaps 1000 or 2000 or 3000 years from now a tripple math trick will be invented instead of this double trick (half the coins,double the machines/electricity)



I think whitepaper is just a summary, so it's not very detail. While the source code is everything that make Bitcoin run, probably there's other thing that didn't mentioned in whitepaper besides halving.

POS = Proof of Scam, stay away from POS coins/tokens.

It is best to have the bitcoin github[1] as reference since all the updates and upgrades are mentioned on that repository.
To be more accurate, on lines 1752-1763.

Code: (https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1752)
CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;


    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;

Was it in there from the start or later added ?

To answer my own question:

Using deepgit 4.3 on Windows 7 german laptop with 2GB RAM, pagefile.sys/vmram 2 GB:

Code:
int64 CBlock::GetBlockValue(int64 nFees) const
{
    int64 nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 4 years
    nSubsidy >>= (nBestHeight / 210000);

    return nSubsidy + nFees;
}

Blame for
File main.cpp
Commit e071a3f6 by sirius-m at 2009-08-30 05:46 on v0.1.5, v0.3.20, v0.3.20.01_closest, v0.3.20.2_closest
Msg First commit

Who or what is sirius-m, in short SM.

Is it really Satoshi Moto ?

There were some shenigans along the way/changes/"going deeper"

One attempt to change 210000 block halving to 150 block halving, not sure why, maybe for halving testing purposes, or preventing miners from getting too many too early.

2  Bitcoin / Bitcoin Discussion / Re: Few days to 4th Bitcoin Halving on: April 17, 2024, 02:23:29 AM
I write this 3 days before halving...

So far it has been disappointing... no big rallies/bull runs yet.

Possible causes:

1. People's transactions to transfer/sell bitcoin after all time high still processing/back log (profit taking, congestion on btc blockchain/limited blockspace).

2. Major Exchanges pulling out of countries due to laws.

3. Tether/usdt pulling out/closing up shop on some blockchains (causes usdt liquidity issue, lack of usdt on exchanges(?)).

4. Some ETF outflows mostly grayscale ETF annual fee related (high maintenance costs, outflow/inflow to cheaper competitors or permanent outflow/self custody).

5. Bitcoin over bought, now correction: long term holders selling to short term holders.

Possible time line:
Next 2 weeks possible drop to 50k (for now holding on to 60k thx to oil/gold rally)
Next 2 months recovery/rally to 72k
Next 2 weeks Side ways 72k
Next 4 years to 100k to 150k, maybe 250k all time high.
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 16, 2024, 05:04:30 AM
Satoshi Nakamoto Bread Making Machines:

Produce 1 million breads per 4 years.

Hidden feature:

Produces half the amounts of breads after each 4 years ! =DDDDDDDDDDDD

Now you need double the amount of machines after each 4 years to make your existing customers happy. Where have I heard this before ?! Oh yeah the king, the chess board and the math guy.

Anyway....

Problem with this is potentially that people don't like unfairness and possibly unfair systems in general, thus long term bitcoin is probably doomed, people will switch to more fair systems.

The funny thing is:

The banks are unfair, invest money into scammers (loose the money and get saved by Craight Wreights tax paying dollars:))

Craight Wreight might be the inventor of bitcoin and decided to counter-scam the banks, with his own scammy bitcoin... which is a little bit less scammy than the banks.

Thus giving a choice between:

Very Scammy Bank/Fiat systems
versus
Less Scammy bitcoin system.

People choose the less scammy system.

Here is a better system:

vite

Go get it ! =D Tongue* =D

Oh yeah one last thing to the people thay say the whitepaper is only an introduction !

Give me and us all an f-ing break, is it really that hard to include 1 line of text to include the explanation of the halving, which is pretty damn crucial for mining equipment...

It may have been left out intentionally, and I believe it was... because look at the effect of it...

So now you continue to defend the potential scammer of Satoshi Nakamoto.

One more thing though about the COPA case and the denial of Satoshi Nakamoto on twitter: "I am not Craight Wreight".

Who runs COPA lawsuit ?! The same guy who ran Twitter ?! Is it possible that this say guy wrote that same tweet ?! Absolutely.

The funny part is Craight Wreight is as scammy as this bitcoin system, it fits the bill ! LOL =D



White paper does not mention halving !
The claim that the Bitcoin white paper misleads by not mentioning halving is not true. The halving process is indeed a fundamental part of Bitcoinís design. The white paper specifies that after every 210,000 blocks, the reward for miners will halve. This means that while the white paper talks about the addition of new coins, it also implies a decreasing rate of supply over time due to halving events. These events are designed to control inflation and mimic the extraction of precious resources, becoming less frequent over time until the cap of 21 million bitcoins is reached. The halving is not a ďdirty little trickĒ but a transparent and predictable feature of the Bitcoin protocol that is public and verifiable by anyone who examines the source code or understands the protocolís rules.

This shitty paper without algorithms, without (pascal) pseudo code is only 9 pages long ?!

https://bitcoin.org/bitcoin.pdf

Where did your delusional reading start on what page ? You claim it's there, I don't think so, a simple in-document search turned up nothing, I am not going to bother reading this scammy document again, it's up to you to at least give me a page number so I can cut my reading into 1/9.

Others have already stated, they also saw nothing mentioned about halving...



What is really worrieing me at the moment is the term "halving".

Initially I wanted to respond to your question in a very normal way, despite finding your topic title quite disturbing. But It seems that you are only looking to ignite some senseless discussions around Bitcoin and get attention. While itís valuable for anyone to explore and ask about the intricacies of blockchain technology, itís also important to base our discussions in verified information and rational arguments, as sometimes you are answering with much knowledge about the blockchain then again asking some dumb questions.
Having read your previous topics telling me that you like circus shows. If Satoshi were indeed your computer science teacher, perhaps you could ask him directly about the halving and why it wasn't mentioned in the white paper.

Perhaps this planet is one big circus show ! =D (matter of perspective) In that case, Welcome to planet Circus ! =D

(I happen to be listening to this music, which fits perfectly with this "conclusion/observation"):

https://modarchive.org/index.php?request=view_player&query=205885

(Click "play" to listen to it)

Yesterday something else happened, as I was listening to another piece of music, it mentioned "9" and the windows screen saver accidently rendered a 9 with it's lines, so coincidence ? does ? exist ? Smiley Or was it ment to be ? Wink





4  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 14, 2024, 08:16:42 PM
What is really worrieing me at the moment is the term "halving".

When I asked some people what it ment they thought it ment the price was going to be "halved".

The lack of proper documentation about it probably makes it much worse then needs to be.

Imagine if the chinese or russian were speaking of a "halving"...

News media report, "halving" is a google trend at the moment in the Netherlands.

Clearly people are trying to find information about it and trying to understand it, for many it's probably an unbelievable concept ! Wink

I could not believe it myself at first, I had to see source code to really believe it ! Wink Tongue*

Somebody has finally explained the code, 5 days ago:

https://www.youtube.com/watch?v=-wB6Si4jZYc
5  Bitcoin / Bitcoin Discussion / Re: Blackrock ETF/Bitcoin will destroy the (new) cryptocurrency industry soon... on: April 14, 2024, 04:20:33 AM
There can only be one conclusion:

Cryptocoins sold to finance break out of war/fight Israel vs Iran.

Last week mystery solved.

Monday price of gold will skyrocket futher.
6  Economy / Speculation / Re: Iran strikes Israel. Crypto crashing heavily... on: April 14, 2024, 04:17:12 AM
There can only be one conclusion:

Cryptocoins sold to finance break out of war/fight Israel vs Iran.
7  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 13, 2024, 09:29:56 PM
I think whitepaper is just a summary, so it's not very detail. While the source code is everything that make Bitcoin run, probably there's other thing that didn't mentioned in whitepaper besides halving.

POS = Proof of Scam, stay away from POS coins/tokens.

It is best to have the bitcoin github[1] as reference since all the updates and upgrades are mentioned on that repository.
To be more accurate, on lines 1752-1763.

Code: (https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1752)
CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
    int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return 0;


    CAmount nSubsidy = 50 * COIN;
    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;
    return nSubsidy;

Was it in there from the start or later added ?
8  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 13, 2024, 09:22:54 PM
It is about fairness to the people of earth. (Especially all those on the internet)

1. Not everybody is a programmer.

2. New programmers find C incredibly hard to understand.

3. Critical financial information was left out like:

3.1 Bitcoin halving (nasty supply shock after 4 years, repeats each 4 years, leaves late comers fighting for bread crombs)

3.2 Maximum supply (no more new/cheap supply for future generations, unfair/time discrimination)

3.3 Difficulty adjustment (while mentioned, too vague, drives up cost for future generations/unfair)

4. Early adopters received more coins then late adopters (unfair)


How would you feel about new crypto projects if these "details" were left out ?
9  Bitcoin / Bitcoin Discussion / Bitcoin = Proof of Scam ? on: April 13, 2024, 04:41:16 AM
The halving of bitcoin is indeed a dirty little trick hiding in the source code.

The bitcoin white paper misleads:

"The steady addition of a constant of amount of new coins..."

Point being:

White paper does not mention halving !
10  Bitcoin / Bitcoin Discussion / Re: ~~~When did you first heard about bitcoin 2024 Halving edition~~ on: April 13, 2024, 04:38:14 AM
The halving of bitcoin is indeed a dirty little trick hiding in the source code.

The bitcoin white paper misleads:

"The steady addition of a constant of amount of new coins..."

I learned about this later as far as I re-call 2014 ? analyzed it in 2011 maybe I knew in 2011 probably but not sure
11  Bitcoin / Bitcoin Discussion / Re: BTC profit taking strategies? on: April 13, 2024, 03:57:44 AM
Rule 1 of bitcoin: Never sell (in large quantities/all of it)

My 1st advise to you:

Use bitcoin to get a loan.

Pay as little as possible to make loan happy.

Profit from bitcoin rise.

Perhaps re-loan.

My 2st advise:

Bitcoin risky/too high price 70k, sell 50% and buy vite at 0.0x cents a coin.

Enjoy x factors in future
12  Bitcoin / Bitcoin Discussion / Re: What is a best way of taking advantage of BTC dips when away? on: April 13, 2024, 03:48:26 AM
Easy: vitex.net a first generation dex

1. Place (limit=automatic up to year 2024) buy order:

60000 usdt
13  Bitcoin / Bitcoin Discussion / Re: DO NOT BRAG ABOUT YOUR BITCOIN on: April 13, 2024, 03:44:37 AM
What if everything was in the open:

Person A +2 million
Person B -2 million

Person B claims to have been robbed for 2 million,

Do you believe Person A is in trouble ?
14  Bitcoin / Bitcoin Discussion / Re: How safe is saving screenshots of useful information and BTC transactions? on: April 13, 2024, 03:39:51 AM
Having some proof of wealth accumilation is good to fight of law abusers.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin developer @lukedashjr's wallet was hacked on: April 13, 2024, 03:26:32 AM
What was stolen ?

btc as in bitcoin core ?

or some other kind of bitcoin:

as in:
bsv ? cw etc
16  Bitcoin / Bitcoin Discussion / Re: Excessive Bitcoin fees on: April 13, 2024, 03:10:43 AM
Bitcoin fees seem to be roughly same as long ago, at least in terms of btc price.

So hodl BTC and you will be alright Smiley

Dollar/Euro hodl-ers be f#cked =)
17  Bitcoin / Bitcoin Discussion / Re: btc purchases on: April 13, 2024, 02:59:20 AM
vitex.net
mexc.com
18  Bitcoin / Bitcoin Discussion / Re: By the end of 5th Bitcoin halving wait 116 days (1 year / π= 3.14) on: April 13, 2024, 02:56:29 AM
So ? What you saying ? Some kind of PI number in this distibution ? Wink

Perhaps a computer program can find some more PI numbers.

Many=just math
Few=Hmm
One=coincidence or secret meaning ? Wink
19  Bitcoin / Bitcoin Discussion / Re: Blackrock ETF/Bitcoin will destroy the (new) cryptocurrency industry soon... on: April 13, 2024, 02:38:57 AM
Well, it took a bit longer than expected, but today 12 to 13 april 2024 the cryptocoin market took a massive hit, many coins 33% down over the last week.

I've been watching this market for at least 8 months now, I've not seen such a big drop in last 8 months.

The strange thing is bitcoin halving 7 days from now.

My spidey senses/"market feeling" is fear of collapse, probably because of previous major bitcoin crashes years ago.

I try to be brave at hang on till at least 2 or 3 months after halving to see what happens.

I've seen many news articles stating that many bussnisses want to buy bitcoin, but I wonder if I am being brainwashed and instead should follow my spidey senses.

If I were to do so I run risk of missing the skyward rocket.

The weird thing is nobody seems to know why this 33% drop happened.

There is some speculation/rumors:

1. Craight Wreight (fake? Satoshi) would sell off before halving. (Though some say this has happened before, maybe a scam reasoning trick by him)

2. War Israel/Iran/USA fears

3. ETF-fueled market manipulation.

4. Big investor (group?) pulling out of everything ?

5. Profit taking.

6. Solana/ethereum security fears ?

7. Price correction.

20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [VITE] [DAG + Smart Contract] Vite | Asynchronous Architecture on: April 02, 2024, 02:07:12 AM
This project is unbelievably advanced ! and I love it ! =D (and profiteable too ! Wink =D)
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