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7441  Bitcoin / Bitcoin Discussion / Re: Exactly how does BTC development go on, if the current group all quits or dies? on: December 14, 2021, 11:46:05 PM
putting it simply with 'core' having the major power play on what new updates can change the protocol. agreed en-mass, quickly.

if Wlad disappeared without passing on access to the core github repo. or github just froze access to the github repo of core. bitcoin will continue under its current version, without updates for a while.

whilst devs then re-organise under a new development tool platform and regain the trust of the community that their new platform access of sourcecode/new versions has no bugs/flaw/trojans.

this will take a little time for a new trusted power base to form which can have the same power to make updates the community follow en-mass (auto-majority).

bitcoin wont cease to function as a network. just a lengthy delay between new updates
7442  Bitcoin / Bitcoin Discussion / Re: No..Craig Wright Was NOT Named Bitcoin's Creator on: December 14, 2021, 11:06:36 PM
What's the point of the judge saying he'll have to pay $100M? Is it only a political stunt or there's more to what's going on? I haven't any clues who's paying his legal fees and court costs can you name his friends? Who'd want to associate their name with Craig's?

1. if you imagine the court case is just a mediation of 2 parties, arguing about whatever they want. where the judge decides the debate winner. it then becomes clear that it doesnt matter if the debate is meaningless, it doesnt matter that the 2 parties are actually friends or on the same side outside the mediation room. all the judges job is, is to decide who wins a debate the two parties are having.

once you understand it in that format. you realise the game being played in public.

its a mediation of business contracts/paperwork. nothing to do with nation laws or criminality
there are literally millions of court cases over many decades that are just contract mediation.
its called civil court, not criminal court

2. who? well calvin ayres for one. and his partners and all the ceo's associated with all the businesses that are part of the shammy scammy group associated with craig.
a couple of years ago i remember a few names. but craigs case bored me soo much i let that information leave my brain and be lost to the vapour of nothingness. its noted somewhere in the court documents a few of those names. edit: i dug deep into old greymatter. jimmy nguyen,  Lorien Gamaroff  are other names.

but basically if you google any big names with businesses associated with the BSV crapcoin. they are only highly promoting it because they are highly invested in craig and hoping to someday get returns
7443  Bitcoin / Bitcoin Discussion / Re: Fed To decide the future of assets purchasing 14th December on: December 14, 2021, 10:46:44 PM
what you also find is the 2 main factors that cause the 2 main spikes of bitcoin ATH in the last 5 years

1. segwit activation.
alot of bitcoin merchants and businesses related/affiliated to greyscale went on a buying spree late 2017, some of that buy up was to pay it forward to devs as a contract bonus for getting the feature the greyscale group of companies wanted activated

2. taproot activation
alot of bitcoin merchants and businesses related/affiliated to greyscale went on a buying spree nov 2021, some of that buy up was to pay it forward to devs as a contract bonus for getting the feature the greyscale group of companies wanted activated
7444  Bitcoin / Bitcoin Discussion / Re: Understanding the Ponzi Narrative on: December 14, 2021, 09:44:01 PM
a ponzi is to pay interest to early investors to tempt them to not exit. to tempt them to stay invested.
drip feeding regular interest payments from the new investors funds to keep old investors in.

yet no one is paid interest in bitcoin,

when new person is buying bitcoin. he is buying what an earlier acquirer is selling. this is called trade.
once the trade is done. the seller is out.

its a simple 1 for 1 deal. one investor wants 1btc. another investor is offering 1btc.

people buying a banana buy it from someone who has a banana and wants to sell it. once its sold the first banana holder no longer has a banana.
the person buying the banana is not paying some agent who uses the money to keep early banana holders in and pay them interest to keep holding their banana

people buying a house. buy from a previous house owner. that trade does not earn interest for all of the current house owners before it.

bitcoin is like trading houses. not passing profits to investors that dont sell out.

bitcoins price rise is not due to ponzi interest profits. its due to increase of demand and cost increase of base value in bitcoins production.

7445  Bitcoin / Bitcoin Discussion / Re: Fed To decide the future of assets purchasing 14th December on: December 14, 2021, 09:25:55 PM
any news can push prices if enough influence is there. but news(speculation) is just temporary.
it might cause a spike to cause a new ATH, but it wont sustain it.

so dont expect this news to support a reason for a new 'step' of value to be attained at a higher level. expect a pump and dump instead
7446  Bitcoin / Bitcoin Discussion / Re: Can Machine Learning truly predict Bitcoin's price? on: December 14, 2021, 03:48:02 PM
As you have mentioned the crypto market cap is way smaller compared to the stock exchanges of even developing nations

that can be fixed. in just a couple days.
make a altcoin with 50trillion coins. sell just 0.001 of a coin for $1.
making the altcoins market cap 50quadrillion dollars

all for the price of $1 sell

what you then learn is that market caps are a meaningless statistic to look at
what you learn is stock market cap is a meaningless number

stock prices are not based on some large pool of dollars held to match every share/stock.. its based on the current price of an order (of any % of a stock) and this price is then with no real dollar involvement multiplied by how many stock/shares there are

crypto market caps have no dollar reserve either. its just based on the current price of the last order(even if its decimal) and multiply that price by the coins in circulation.

so you can change the market cap of bitcoin by large amounts of $measure. without having to see any large amount of dollar spent
7447  Bitcoin / Bitcoin Discussion / Re: "Only invest an amount you can afford to lose" on: December 14, 2021, 12:02:06 PM
if not "Only invest an amount you can afford to lose"
atleast say "Only invest an amount you can afford to not need access to short term"

you only lose if you sell at a loss... due to impatience/needing to get out too soon
7448  Bitcoin / Bitcoin Discussion / Re: One problem with BTC on: December 14, 2021, 11:52:33 AM
bitcoin is like a suitcase of cash. . your responsibility to secure it and not just palm it off to some stranger you found interesting to take responsibility

in fiat. although a government patented the design of the printing plates of paper cash. you dont just approach the patent office asking for a refund or change of design because you handed your cash to a stranger and the stranger refused to give it back. nor do you complain about making a bad bet on a gambling site or on the markets(thats not how the world works)

the government wont change the cash printing plates design or give a refund just because you made a foolish mistake.

you could try and seek guidance from specialists that investigate thefts and hope an investigation leads to finding the culprit, and then the cash. but thats the police/court system. not the cash design/printing(mint) responsibility.
and the investigation approach is only as good as the evidence YOU can provide them for them to even have a chance of following up with the criminal.

as for making a bad gamble/market order. the gambling site or market wont refund bad mistakes made by customers.

if there was a proper bug/issue with the cash design/gambling/market site that risked everyones loss(not due to personal naivety). sure complain. and sure they would change the design to remove the flaw. they do this periodically anyway to fix flaws that affect everyone.

but its your responsibility to look after the security of your cash, dont put it into hands of anyone that you dont know enough about to slap them with a wet fish(court order) if they do screw you over(criminal act).

putting funds into a transparent exchange that has its own legal process to cover loses due to exchanges fault(not bad bet) of funds it has as a custodian... is still a risky choice. many do not have insurance policies or regulated laws backed by governments to ensure people get back losses caused by business flaws. and many exchanges just end up filing bankruptcy so expectations of returns is low even if you did send them to court.

its like banks. if the bank loses your money. they have transparent policies, but even then. they can file bankruptcy and rely on their regulated insurance to pay out a certain amount to all customers(not all).
but if you withdrew cash and then handed it to some stranger. your stuck. and you have to hope the police/court can slap the criminal(if they can find them). even wire transfers to criminals is no guarantee a bank will help.

bitcoin exchanges insurance policy are not as regulated as fiat bank insurance policy. so be careful when trusting others with your funds even when they appear legit and 'regulated'.

your funds, your responsibility
7449  Economy / Economics / Re: Robert Kiyosaki expects a market crash and economic crisis - do you believe it? on: December 14, 2021, 11:10:13 AM
a FIAT market crash(bear) is a btc market uptick(bull)
a FIAT market crash is indeed impending. it surrounds the pensions market sector of FIAT

there are two things
1)
during the 2008 crisis that affected many businesses. many whispers that businesses had emptied, dipped into their pension trusts of their employees to keep the business afloat, this means that in a few years/decades when its time for larger amounts of employees to retire, the pot of cash left for divvy out to retired employees is empty/dry
2)
many new pension schemes since the 1980's have made absurd promises to people which are just not even feasible to fulfil.('locks' guarantee end of career salary from pension age to life expectancy age)

imagine that at 25yo in 1980 you decided to start saving for retirement, you earned $50k a year in 1980 and salary inflated to $158k by 2020 and were paying in 15% pension for them 40 years ($565k)matched by employer(total $1.3m+inflation=$1.95m)

but on your 65th birthday you realise that although 1980's estimates had it that life expectancy was 76, meaning expecting an average of 11 years of life and expecting about an average of $158k income a year.. (sounded great in 1980 when you were only earning $50k) as the pension fund can afford the $1.73m payout of the $1.95m accumulated.

but now people live until 85years meaning 20 years of retirement, meaning $3.16m lump. but pension fund only accumulated $1.95m(bad news.. someones gonna lose or have promise broken)

what then happens is because the lock promises that you get end-of-career salary from retirement age till life expectancy age (65-85) many people then take out this $158k x 20($3.16m) as a lump sum. instead of as a regular income.
thus a pension company deficit of $1.22m per pensioner that does this.

leading to the pension fund drying up and unable to pay out to other people reaching pension age later on.
.......
this is why you are now seeing more people working passed their retirement age, with promises if they keep working and paying in, then they can get regular income pension. or they take the large single lump sum, knowing they wont get salary matching regular income.

pension funds promise the 'regular income' group things under the hope that those who continue working have bad health and reduce hours(get less salary) so their 'lock' amount when they do finally retire is less then official retirement age 'lock' they should have started claiming...

also they hope they can get old people to work themselves to death to never need to pay out.
but with good healthcare, even that evil pension fund hope wont transition to break even the pension fund loses

so yea. expect a pension funds implosion, once the pension funds run dry.
(first signs are a increase of % of people claiming lump sums instead of regular income/working for extra years)
its why you see government adverts trying to push more people into starting their pension plans at earlier ages, its become a ponzi to try keeping pension funds afloat
7450  Other / Archival / Re: Bitcoin payment Agent point on: December 14, 2021, 09:51:09 AM
plagiarism is usually about content of value, significant meaning, raising reputation via being copied and treated as the second persons own creation without reference to its original content creator.

some posts on forums have no significant value nor cause loss to the original creator. so most just treat it as just "lazy-noob stuff".

true plagiarism is like the fakers pretending they invented bitcoin and then scam people.
basically no one cares about lazy-noob stuff, cant do anything about it. its the crazy scammy people trying to rip people off for real value/reputation you should put your efforts into calling out.

i dont consider the quotes the worse plagiarism ever seen. especially when it is not even in the same ball park as the 'im satoshi' attempts
7451  Other / Politics & Society / Re: Is the World in the Beginning Stages of World War 3? Are you #prepped? on: December 14, 2021, 09:18:49 AM
No one earned anything from these wars
Ford, General Motors, Messerschmitt, IBM, Rolls Royce, Boeing, Northrop, Grumman, Lockheed, Mitsubishi, Winchester, Krupps, Bath Iron Works, Seagram, John Pierpont Morgan and Goldman Sachs all made a killing during WWII. Plenty more companies stand to make a killing from any other war that pops up, no matter its scale.
seems the only rational thought in this topic.

but to add to the list. all the 'aid' NGO's profit alot too. they just have to spend the money on management fee's before year end to declare no unspend cashflow reserves to be declared 'non-profit'.

as for other posts comments.
A war would never be advocated by citizens of the country which means today if a country decides to go for a war for no good reasons, the government would lose it's own country itself.  
thats not how it works.
citizens didnt need to advocate for/against war, for the US to invade the middle east in 2001.
citizens then did not abandon america. all that happened is the next election flipped from red to blue. and life carried on

citizens in developed democratic countries never abandon a country, they just flip to side with a different candidate.
the only time people abandon a country. is if the country they are in is getting bombed regularly to the point where bombs are hitting residential area's, not military targets. and where it is seen as not letting up or stopping any time soon where life cant just carry on as normal after the aftermath.

a future world war wont see governments declare that all citizens need to en-roll into the military(draft/conscription). instead it will be done by drones and long distance weaponry. by higher-ranked people causing damage but not having to risk their own lives.

targets wont be city centres of just residential. but instead area's near military bases.
EG if an enemy could wipe out a 50mile wide area. they'd take out the area which has a military base as that area has a high populous of military employees living within daily commute travel distance, rather than just some random residential city no where near a military base.

so if you were to 'prep' away from something. stay away from a daily commute distance of a military base.
7452  Other / Politics & Society / Re: If you were to create your own society, small or big, what would it look like? on: December 14, 2021, 12:31:34 AM
If I should create my own society it will be a society full of love and compassion for one another.

careful what you wish for NRA will translate that to be:
'we love guns so show us your compassion and let us shoot where we please'

I will make sure there won't be discrimination of any factor because this is one of the challenge the real society is facing.

It will be a society of equal rights for  all man,

equal rights for all man..
                ..for all man..
                         ..man..
i think your missing something
7453  Other / Politics & Society / Re: Why we are dangerously close to complete, unstoppable bank collapse. on: December 14, 2021, 12:24:39 AM
evergrande's 'debt' is not $1.2trillion.. nor $120billion.. nor $12billion... but 10% of $1.2billion.
basically $120million

this debt is not a 'loss' to investors but just a non payment of interest.
this non payment of $120mill in interest is not to one institution. but a few. meaning each one has only 'lost' out on a portion of(less than) $120m

no bank is going to collapse because of under $120m loss of potential free money in the form of interest.
banks dont collapse just because some property manager defaults on mortgages of just say 100x $12m mansions. if that were the case LA or NY would have killed america already a thousand times over
..
the real next financial collapse will be in the pensions industry.
7454  Other / Archival / Re: Bitcoin payment Agent point on: December 14, 2021, 12:05:40 AM
some red flags already mentioned. but ofcourse there was also the:
"helping you set up your government-approved wallet and receive your $30 BTC airdrop"

bye bye to all them $30's.

im pretty sure el salvador government has already send out official literature to its citizens on how they can set up their own wallet and start using bitcoin. without having to use some anonymous teenager to be an 'agent'
7455  Bitcoin / Bitcoin Discussion / Re: Amount to transact on lightning network on: December 13, 2021, 08:08:54 PM
he is talking about the "payment success" rate thing.. like the near 100% for sub$1 amounts, the 10% success rate for pizza amounts in 2018.. [...]

We have already talked about it. 1500 invoices were generated, 10% of which were successfully paid. One person might have generated multiple invoices without ever trying to pay them.

so thats your play. that LN always works unless one person generates 1350 invoices he never intends to pay.
and all genuine pizza customers had 100% success..(facepalm)
how utopian dreamer of you, to avoid actually analysing what the network can do and can be limited by to actually offer a up-to-date chart of "payment success rate" percentages.

maybe speak to your LN buddies and try to make a 'payment success' chart that can work out whats the near best 100% accepted amount, where near 100% routes would push through, and then the same again for different incremental amounts.

it wont cost anyone anything. after all you just admitted people can send thousands of test payments they never intend to pay(invoices).. so it is possible to accumulate such data periodically

then people can know what amount they can expect to use for payments without a headache or breaking promises with the destination.

so while many topics about LN turn into a utopian dreamer hype advert, i might as well give a real world advert about the bitcoin network.

meanwhile bitcoin network can send any amount someone has. no middle man issues. if you have $10 or $10bill in bitcoin value. you can send it, no question.. no co-signer authorisation needed. any value you have the destination will get, no headache, no if, no but, no excuses.
confirmation confirmed. no flimsy invoice fake promises to pay then pull out. just simple elegant payments
7456  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value? on: December 13, 2021, 07:14:40 PM
fiat is backed by the laws of:
'legal tender' that push fiat into being used as a national value medium.
'minimum wage' that push a minimum value that X is worth 1 hours labour
'court fines' that push that fiat must be used to pay punishments. not fish or beans
'taxes' paying for local and national public services

gold is backed by the cost of mining.
if you could mine gold for $2 with a spoon and coffee filter in your own yard.
everyone would be selling in the $5 range to 2.5x their effort. gold would not reach $1600
its success of demand is then found by its utility and need.
if no one needed gold for jewellery/tech, then no one would want to buy it and mining would stop

bitcoin is backed by the cost of mining
if you could mine bitcoin for $20 with a GPU and PSU in your own home office.
everyone would sell in the $50 range to 2.5x their effort. bitcoin would not reach $600(like PoS doesnt)
its success of demand is then found by its utility and need.
if no one needed bitcoin for remittance/trade, then no one would want to buy it and mining would stop
bitcoin also then has a 'reserve asset' value which is investment demand. but without utility of private trade. this 'investment asset value' wont have established
7457  Other / Politics & Society / Re: In a Democracy should the people have the right to kill their leaders? on: December 13, 2021, 04:17:28 PM
in a democracy. there is no need to kill.

in a tyranical authoritarian system, yea the leader should be shot if he aint willing to leave voluntarily
7458  Bitcoin / Bitcoin Discussion / Re: I bought $271 worth of Bitcoin in late 2009 on: December 13, 2021, 02:11:57 PM
true story or not,
no bank or paypal ever had bitcoin storage.
so none of the bank or paypal story is relevant.

as for any exchange or darknet site.. they are all dead, no getting them back up and running.

his only 1% shot if true would be is if he luckily enough moved some unspent coins to bitcoin-QT (the only node wallet individuals had to independently store coin private keys on)

if he did do this then that 1% chance is only if he still has that computer and able to find the old wallet.dat file.

but the fishy part, was giving flimsy info and then asking a hacker to get him some coin without proof
7459  Bitcoin / Bitcoin Discussion / Re: Exactly how does BTC development go on, if the current group all quits or dies? on: December 13, 2021, 01:29:18 PM
There's no one in "control" of bitcoin.  The code is open source. Anyone can contribute.   The nature of the system is consensus, so You could add to it.   Here's the downside.  The node operators have to agree to your alterations or they simply do not run your version and you get a hard fork or whats known as a altcoin(you ALSO can be a node operator no one is stopping you).   If you look out there you will see that there is 10,000 alt coins.  

to be a node operater/ independant dev that just 'follows' the current rules, yea anyone can make their own node thats wrote slightly different but still follows the main rules.
free range sheep can be happy playing in fields saying they are free... untill the see the shepherd and the barking dog..

but wanting to contribute to an upgrade/change.. well thats not an "anyone can do that" thing
you hinted that you have to get wide co-operation with the other node operators and devs or end up forking as an altcoin.OR be an accepted dev on cores github, and hope they like you enough to add your change to cores RC. both not as easy as people think. many idea's in github get rejected just by personality conflicts.

that alone shows its not as easy as you think. and not an anyone can do it.

secondly most of the other nodes are centralised to the "core" brand. and the devs of the core brand dont just let any old 'contributor' play around with a release candidate as they please. the top 6 devs have authority to accept or reject anything contributors put in. so there is a circle of 6 devs as management. and then ontop of them there is a single guy that does the compiling and verification of the release candidate.
so their actually is a central hierarchy that you wish to dismiss.. heck even that top guy(Wlad) admits he has too much authority and is a central point of failure for the project.

so if the 'consensus majority' are brand core, and a release of an update by core solely leans on the decision and signing authority of Wlad. then yes there is control. of bitcoin
Wlad doesnt want to abuse his control. but that does not mean its not there

7460  Other / Politics & Society / Re: General Milley apparently committed treason on: December 13, 2021, 05:35:30 AM
According to a report, General Mark Milley committed treason when he allegedly informed China that he would inform them if the US was going to attack China prior to the November 2020 election.

funny part is. if the U.S had to attack china..
..by international law, the same general would have to inform china first.
research declaration of war

Regardless of your opinion on the War on Terror, and the War in Afghanistan, I think it is difficult to argue that the way the exit from Afghanistan was handled was anything less than treason. There was the question as to which members of the Biden administration (besides Biden) had betrayed their country.

funny part is. trump signed the executive order to withdraw in a certain time, also trump signed to say that the taliban could and should take over once US troops leave.

so its trumps fault, not biden.
trump set the rules, biden was left with the mess and aftermath
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