Why?

This:

And this:


Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

Prediction 1: $ 42,424.20

bech32 address:   bc1qqhy7yqgt7n0ahhwg5fr7w4cacknyz8pmm5s24p






philipma1957

this time I got number 1 in on time

https://www.cbsnews.com/news/government-shutdown-2023-mike-johnson-stopgap-funding-bill/

House Speaker Mike Johnson's plan to prevent a government shutdown will be considered by the House on Tuesday, according to a notice sent to lawmakers late Monday night.

The stopgap measure to temporarily fund the government, known as a continuing resolution, will be put on the House floor under a procedure known as suspension of the rules. This enables it to bypass the House Rules Committee, where Republicans had signaled they would not advance the bill. Considering the measure under suspension comes with some caveats: it cannot be amended, and it requires a two-thirds majority to pass the House.

This type of situation seems like it is happening every few months now in the USA. Ridiculous. Shut down the government and lets start saving some money! I think by now we can all see that it's just smoke and mirrors and most government jobs are really not essential we could do without them. eventually we'll have to. because they can't keep approving bills like this forever...

what do YOU guys think? 

BTC and It's Cycles

This is an amazing chart I have saved for more than a year now, it predicted the 2022 Cycle Low correctly. It's made by someone else, I do not remember the user however I have it saved.
I just wanted to share this as many people here do not believe in the 4-Year Bitcoin Cycle. Here's a live proof of that being executed every cycle.

The next possible Cycle High is in August, 2025-November, 2025.

To use the transaction accelerator, their Pending transactions must meet two conditions

fee rate is 10 sat/vbyte at least.
transaction size is less than 500 byte.

This doesn't add up, silicon lottery does exist, but a 400w difference with the same hashrate and the same model is not possible, so what are you doing wrong? Are you sure they are both labeled S19 90TH? Is it possible that they sent you the Pro version instead? Can you post a screenshot of the hashrate and kernel log of both miners?


A slight improvement from different control boards might be possible ya, but he is talking 400w.

Having researched considerably about some hacks on exchanges and crypto enabled website, I learned that most of the hacks occurred as a result of some  loop holes either in their verification methods, transaction processes and in rare cases, unresolved and unterminated deprecated coins existence. One thing however was common in all the hacks, the funds were moved by the scammer initiating concurrent withdrawals involving large unusual  sums of money which was not checkmated nor did it prompt for further verifications before coins were  released.

I have a few suggestions I think can be of help

---

• concurrent withdrawals should have a 10 - 20 minutes interval. This will give the developers the time to check properly the transactions and authenticate it automatically of it passes security verification. The check can be automated to curb excess delay

• There should be an amount of withdrawal which should trigger strict security verification. The withdrawal  can be permitted when the check is complete. Users can be notified of its security importance

• primary login device can be initiated. This is an extra layer of security whereby a device is seen as the primary login device and the user uses this device only to login to his account. This device can also be used to grant another device access to login. The primary device can give permanent access to the secondary device, or a onetime access. Upon the primary device Loss or unavailability, if its lost, request can be made from the associated email address to change primary login device and a code will be sent to prompt login and change of the primary login device to the new one. Upon its unavailability, a request can also be made from the email for a one time access for another device

• The system should log out users after 5-10 minutes of inactivity or if focus is changed to another application. This will apply even to the primary login device.

• Now, if you're by any means held hostage and forced to enter login details, you can enter the password backwards e.g John as nhoJ. Authentication will granted and this will set the system on high alert and track the movement of funds alerting any other institution or wallet the Fund go into to continue the tracking, even down to mixers if their services are used. Upon your freedom, you'll send a testimonial email to the company and they'll initiate a fund it recovery process for you alerting other institutions which will  freeze the funds and return it to you and your abductors will have nothing for their stress.

These are just my security suggestions that I believe can help curb these hacks. All corrections and validations are welcome.

Explanation
Chartbuddy thanks talkimg.com

Let's be real, 1GB blocks can't be compressed down to 1 MB and that's the problem. Also, since the number of bitcoin users and number of bitcoin transactions increase, as well as the computer hardware is getting better and cheaper, there is absolutely no argument to say that increase in block size is either bad or unaffordable. It's a simply demand and supply process. When demand is high and supply remains the same, then prices increase. In our case, demand is getting very high and supply remains as low as it was when only hundreds of people were using Bitcoin.

But to be frank, in our case, the main problem is not block size (it's still a problem though) but Bitcoin Ordinals. If this problem continues to exist long-term, then something should really be done to give people a relief. If anyone thinks that high fees are okay and people will pay for it, then that person is very wrong. High Bitcoin fees will only make altcoins a better choice and make them more popular.

The exact required fee rate in sat/vbyte depends on number of inputs and outputs.

For a transaction with 1 native segwit input and 1 native segwit output, 10 sat/byte would be around 17.5 sat/vbyte.
For a transaction with 1 native segwit input and 2 native segwit output, 10 sat/byte would be around 15.9 sat/vbyte.
For a transaction with 2 native segwit input and 1 native segwit output, 10 sat/byte would be around 19.2 sat/vbyte.
For a transaction with 2 native segwit input and 2 native segwit output, 10 sat/byte would be around 17.8 sat/vbyte.

Hi everyone,

I have an Antminer S19 90TH with amlogic board running close to 6 months with 8 inch exhaust fan and shroud. At full hashrate, the power draw is only 2600W. Another similar unit is drawing 3000W. Ambient temp around 26deg C. Whether colder or hotter the ambient temp, the power draw is around 2600W. I have tested with multimeter and even plug in different sockets. Same results.

I am wondering how I may duplicate the lower power draw with the other unit as well.

Thanks for all the advice, suggestions and comments in advance.

Based on a recent incident I came across on X, I have realized that a lot of us don't actually practice what we preach when it comes to the safest way to hold bitcoins securely.

Many of us, the Bitcoin OGs are quick to advice newbies to get a hardware wallet, that it is the best way to hold bitcoin and other supported crypto assets securely, but coming back to ourselves, many of us don't do the same, probably out of over confidence in ourselves that our wallet can never be hacked due to our already vast knowledge in crypto.

I am making this thread to let us all know that nobody is safe, be you an OG or newbie, you need to get yourself a hardware wallet if you must hold your bitcoins and other crypto assets with rest of mind.

---

I came across a post from this dude on twitter whose bitcoin wallet was hacked, and all BTC25+ held since 2012 he said belonged to him and his father were all stolen, this is one lost that will be very hard to get over, holding 25+ bitcoins since 2012 and just one day, in a twinkle of an eye, it's all gone.

Anyways, in a 5 minutes video he posted on X which i will share below, he did mention always advising people to get a hardware wallet and store their bitcoins on it, meanwhile he himself doesn't own or use one, due to his confidence that he could never be hacked, but unfortunately, it happened, he got hacked.

This is something for us all to learn from, nobody is an expert when it comes to online security of your bitcoin and your funds, get a hardware wallet today to significantly increase the safety of your funds.

---

Here the link to tweet on X - https://x.com/RMessitt/status/1723141037856596175?s=20

Click the shot to watch his 5 minutes video also on X..

I've been using Wise for years and sometimes use it to make transactions. Yesterday, I sold 26usdt for $25.78 on my Wise account. And today, to my surprise, they told me my account was closed and gave me until February 8 to take all my money. And once my Wise account was closed, I could appeal.

In your opinion, is it a good idea to send them an email and acknowledge that I used Binance to make the transaction yesterday and that I will NEVER do it again? Will they accept this excuse, since I didn't know they refused this kind of transaction from someone who owns Wise?

Here's the message I'll send in the email:

Dear Wise Customer Service,

I am writing to appeal the closure of my Wise account. My account has been closed because of this 25.78 USD transaction I received from Dmitry Soloviov for exchanging or trading crypto-currencies I had in my Binance account in order to get this money to pay my bill. You know I'm doing this because you don't have the MonCash payment system, because the money was in my account. And from what I understand from reading this, this constitutes a breach of your customer contract.

I am truly sorry for having violated the customer contract. I didn't realize that exchanging or trading crypto-currencies was prohibited. I know this now by reading your rules. I have been a loyal Wise customer for many years and have never violated the customer contract before.

I promise never again to trade or exchange crypto-currencies using my Wise account. I fully commit to the customer contract in the future.

I have learned a valuable lesson from this experience and I am confident that I will not make the same mistake again. I would be very grateful if you could reconsider your decision and reinstate my account.

Thank you for your time and attention.

Yours sincerely
Richardson Oge

NOTE: Please take the time to read this and let me know if you think they will reinstate my account so I don't have to wait all this time to appeal?

I thought we reached that point at the start of last month. The fact that fees suddenly dropped to the minimum and a month later suddenly went up again makes me think there are only a few who create millions of "Ordinals".

I feel that when Bitcoin is reaching peak prices, all news sites cover the news. As a result, lot of new users come to Bitcoin. As a result, this can be a good time to invest in promotion of crypto affiliate programs. The chances for conversions will be higher as Bitcoin popularity will already be in mind of people.

https://www.coindesk.com/consensus-magazine/2023/11/13/the-irs-is-making-crypto-compliance-impossible/


The IRS states, “A specific identification of the units of a digital asset sold, disposed of, or transferred is made if, no later than the date and time of the sale, disposition, or transfer, the taxpayer identifies on its books and records the particular units to be sold…”
If a taxpayer uses a broker they must instruct the broker which digital assets they intend to sell before-the-trade. In the case of a broker taxpayers must:
Identify and document digital assets in their own records
Tell the broker to sell the assets they’ve identified
The IRS states, “…the taxpayer specifies to the broker having custody of the digital assets the particular units of the digital asset to be sold…”
Now, if you don’t meet the spec id requirements, your basis defaults to FIFO and you could incur a gigantic tax liability. Your spec ID gets recalculated under a FIFO basis.


you guys better hope this little rule doesn't pass because if it does then you are screwed if you live in the usa.

I think there are applications and websites that can help you covert anything to any form of bar code that you want, but making your address appear in a human face, especially the face of the wallet owner, makes no sense to me.
 
Like, where is the privacy? Or you don't use bitcoin as a means to hide your identity. Doing that typically means telling people, Hey man, this is my address, and whatever is in there are all my holdings, which they can use to trace who you are in real life.
 
If the person is not worried about government traits, how about his own seclusion and security? Doing that with a large amount of bitcoin at such an address can make you a target for fraud and theft, who will start stocking every bit of your movement until they rob you of those holdings.
 
Our bitcoin holdings should be kept private, and doing so is not private; anyone can easily identify who is behind that barcode, unless you are never going to make that barcode public; if not, it's not safe at all, IMO.