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8361  Bitcoin / Mining / Re: Transfer of Chinese miners to Iran on: May 25, 2021, 12:45:06 AM
"If a foreign investor can be present in the country, why are there various obstacles that our own people cannot enter the field of cryptocurrency mining?"

the answer is simple.
the 'investor' uses the industrial capacity. that can actually cope with high MW electric.
home hobbiests in iran will not get 3.25kw from their house wallsocket. so need to fiddle with their circuit breaker.
these things cause neighbourhood power cuts as its too much for residential capacitors

imagine a street of 10 houses. each with a 4kw capacitor. but each house only uses say 1kwh
the street can supply 40kwh but is only utilising ~10 normally

suddenly turning on just one s19 makes that street need to suddenly demand a 14kwh supply. which if the network is not set up means there can be some brownouts (dimming lights)
if the residential hobby miner has more asics running. it can get worse.
if there was someone with say 9 asics (29.25kwh) then if one of the houses suddenly wanted to boil some water whilst watching tv. that puts the whole street over the 40kwh limit for their usual household and asic draw.. causing a circuit break.. aka power outage

home users fiddling with their circuits to get more then 4kwh from within their property can cause issues not just for themselves. but their neighbours too
8362  Bitcoin / Bitcoin Discussion / Re: Bitcoin & increasing government pressure & power outages on: May 25, 2021, 12:34:40 AM
an average iranian home is not capable of serving 3.25kw per household wall outlet

so when hobby miners start tinkering with their home electric circuits to run one or more s19's .. it puts a strain on that house and the streets circuit breakers

yes in industrialised area's connected to better electric capacitors its fine. industrial powerlines can cope

but what is being seen is residential neighbourhoods trying to abuse their electric suppliers capabilities within the neighbourhoods. causing neighbourhood blackouts of residential areas
8363  Bitcoin / Bitcoin Discussion / Re: Unaddressed Bitcoin FUD on: May 24, 2021, 11:22:57 PM
im from the UK. my FIAT is GBP
yet exchanges use USD

for the last 9 years i have been using bitcoin and trading. i seen no problem in doing GBP->USD->BTC

so if say america bans bitcoin exchanges..
 well thats easy. everything gets priced in JPY instead of USD

and i just do GBP->JPY->BTC

what would be the road forward for bitcoin and can it still be a multi-trillion dollar asset?

if bitcoin circulation(marketcap) was at $722b USD today.. then its already at 78trill JPY
if US banned bitcoin it would still be at 78trill JPY asset.. people would just stop talking about 'dollar'

just like a japanese person converts $722b to jpy today
americans would convert 78trill JPY to dollar

all that changed is what the asset is pegged to.. the 'value' / exchange calculation would be the same number
8364  Bitcoin / Bitcoin Discussion / Re: 4chan post explains what will happen to bitcoin and it was somehow right on: May 24, 2021, 10:53:55 PM
pump and dumps can happen and do happen

bitcoin exchanges are not filled with active market order lines of 100btc per line
most order lines are filled with 0.01btc

pump and dumps have happened and continue to happen.
its more about group planning, rather than having one guy being very liquid to achieve it

even shares can be pumped and dumped.. reddit groups done one on gamestop

however. like i said planning and timing is crucial

bitcoin was at over $50k meaning it was already hyped up.
doing a pump from $50k up is hard.. but doing a dump from $50k down is easy

if bitcoin was at say $32k all along. trying to do a dump below $25k would be hard. but a pump above $35k would be easy
8365  Bitcoin / Bitcoin Discussion / Re: What the CEO of a Gold mining company has to say about Bitcoin on: May 24, 2021, 10:44:55 PM
science can make new minerals
science can get more gold from mining in space

bitcoins supply cannot be tampered with or mined elsewhere
yes other coins(minerals) can be made. but if comparing gold to bitcoin. altcoins are alt-minerals

gold has had a price hype since 2020. yes gold didnt hype by 5x. gold only hyped by 0.5x
8366  Bitcoin / Bitcoin Discussion / Re: Unaddressed Bitcoin FUD on: May 24, 2021, 10:33:44 PM
governments can only regulate their fiat
the work around is simple

trade fiat for a accepted medium of exchange. whether it is las vegas poker chips or currency of another country thats not heavy handed.

and then trade that for bitcoin

there are 200+ countries and more then that in currencies
just find the bitcoin friendly fiat and make that bitcoins main peg

in short
bitcoin exchanges will stop measuring bitcoin vs USD and instead measure it against JPY
(japan sees bitcoin as legal tender and #1 most friendly towards bitcoin)
8367  Bitcoin / Bitcoin Discussion / Re: Fighting the FUD of PoW versus Po(Insert favorite word here)!! on: May 24, 2021, 10:25:26 PM
Wasn’t it the idea of Hashcash where Satoshi got the the idea to implementation it as Proof of Work for Bitcoin? Your hate for the Core developers has made you bitter, and it makes you discard Adam Back’s contribution in Satoshi’s invention of Bitcoin. Why?

i know you are purposefully trying to poke the bear to trigger another social drama debate
and i know you then want your buddy to chime in to double up the drama

adam back did not write any bitcoin code in 2008-10, also hashcash includes:
sha1 email date

PoW does not include:
sha1 email date

thus PoW is not hashcash and hashcash is not in PoW
there is no hashcash code in bitcoin
so now i have debunked your PoW FUD twice. accept it. learn from it

but in short as for inspiration
hashcash vs PoW
is like
caveman bonfire vs scented candle

inspiration is very different than implementation
so your statement " that Hashcash/POW, as implemented in Bitcoin" is wrong

no cavemen were involved in the production of combustible scented candle wicks

have a nice day..
8368  Bitcoin / Bitcoin Discussion / Re: The next 5 years on: May 24, 2021, 09:04:36 PM
onchain will become just a wire transfer banking system for large financial businesses

even LN does not work effectively for users to be on a 'hop-spoke' model so they will vault up onchain coins and play with offchain HTLC millisat tokens given to them by hubs setting up their channels
this will be the case to allow accessability to routes and also offchain settlement where the hubs just aggregate offchain channels and redeploy them

im not worried about mining centralisation. my concern is the independant open access to coins onchain

its like how 18th-19th century banks evolved. vault up the gold. let people play with bank note tokens pegged to gold. and slowly make gold transfers less user friendly and make bank notes more user friendly
and we al know what happened to the gold peg after that

next phase is how the difference between stock vs stock options occur
businesses acrue the real stock(coin) and alow options of the stock without giving away the actual stock

many ETF's are doing this lock up btc and offer shares
same will happen on LN
lock up btc and offer millisats but not allow users to broadcast real btc transaction. only allow to have or give up their milisat balance..
in short ETF's LN hubs become bank2.0 where gold(coin) is vaulted and horded by banks. and everyone else is playing with shares and millisat HTLC IOU's
(yes a HTLC is not a bitcoin broadcastable 8decimal tx.. its a 12decimal IOU token)
8369  Bitcoin / Bitcoin Discussion / Re: Could eco-friendly pools like Terra Pool end the energy consumption discussion? on: May 24, 2021, 08:50:54 PM
When done in larger scales and widely adopted by all pools and mining platforms, yes. But the thing is, mining isn't the only thing that's deteriorating the ability of this planet to give life. Long before bitcoin these kinds of problems are already preexisting and is basically going on since time immemorial. What we need to primarily do is to have a means for us to harness electricity in much less invasive ways, renewable resources are a good example.

imagine you own a fruit stand. you pick 10 boxes of tomatos a day.
but at the market you only sell 9boxes. throwing away 1 box each day unsold

lets put this into money numbers. say each box is $10. with a $3cost$7profit a box
total costs are $30 total profit is only $61

however for the last 6+ years local miners have already been doing deals to buy up the final box that always goes to waste
meaning the tomato supplier is now getting $70 profit from the same capacity=14% more profit

swap tomato for electric. and you soon learn that bitcoin mining actually pays for renewable growth. along with other government climate grants

so its actually a benefit to everyone. apart from the residents who are going to see more drought
8370  Bitcoin / Bitcoin Discussion / Re: Could eco-friendly pools like Terra Pool end the energy consumption discussion? on: May 24, 2021, 08:14:31 PM
if you want to compare future events of china dams effects to the environment. just look at california now

california is always in "drought' not due to climate change of carbon chimneys.. but due to them damming up rivers meaning no natural flow of water through streams to irrigate land and allow for good evaporation
of the natural water cycle. nor allowing underground aquifer refills. so californians are sucking their land dry

so yes there is a big negative environmental factor when regions only water supply is sealed in pipes and sewers leaving land to not get any saturation through natural streams

but hey... electric companies are getting rich from 'climate grants' to build these dams while blaming it on carbon

the next era of 'climate gate' will be on sea water desalination to refill reservoirs as the lands downstream dry up too much and dont allow the water cycle (evaporation and rain) to refill the reservoirs naturally

but im digressing from the topic
bitcoin mining farms are already highly renewable.

other crapcoins like doge which are mainly mined from home hobbiests are actually more 'fossil fuel' powered
8371  Other / Politics & Society / Re: Businesses banning the vaccine. on: May 24, 2021, 08:02:49 PM
https://www.youtube.com/watch?v=jNhbm2yHdTI

We know that vaccinated people have weakened immune systems, and therefore they are more likely to be infectious, or sick anyway. These hairdressers are banning vaccinated customers, as they claim that they are not covered for disease spreading under their public health liability insurance.

nice way to piss off 70%+ of their customers

seems a hair dresser is proving something right though
they dont have any business sense.. hense why they are hairdressers and not CEO of real businesses
they dont have common sense.. hense why they think a retailer/business's insurer disavows customers entry

what hairdressers fear the most is not the vaccine.. but having to have their peppy conversations with customers that are debunking the hair dresser while the hair dresser is getting angry and has scissors in her hand
thats the real insurance liability risk.. scissor rage
8372  Bitcoin / Bitcoin Discussion / Re: Could eco-friendly pools like Terra Pool end the energy consumption discussion? on: May 24, 2021, 01:58:02 PM
lets clear some fud

lets take antpool
they set up their farms in renewable energy area's
their amount of blocks they solved this month is 40% higher then february.. so it seems they are not shutting down, but expanding

the chinese crypto ban only applies to farms that are in fossil fuel power station regions
and as of 2015.. yep 6 years ago mining farms in china were already positioning themselves in renewable regions

what the ban impacts most is not the farms but the isolated home hobby miners that cant just move to prefered locations

8373  Economy / Speculation / Re: 90 Whales with 10,000 btc - Bullish on: May 23, 2021, 02:37:57 PM
it is not 90 whales
its a few dozen exchanges with multiple pockets of 10k coins
8374  Bitcoin / Bitcoin Discussion / Re: 99% here don't get CHINA, how about an honest discussion about CHina? on: May 23, 2021, 02:34:15 PM
i know that. but my response to idiot OP are not for that OP benefit of learning things.
its not to teach him anything

its for the other readers who dont know his tactics to atleast know what the op is saying is nonsense
its cuts through all the idiot waffle for others to know that the OP is an idiot

i do this to many idiots
i say it alot 'what the op does not realise'
its never about teaching the OP i reply to. as the OP's i reply to in this style are too stupid to ever learn

its simply to summerise the OP as an idiot for the benefit of other readers. so the other readers can learn quick how stupid he OP is

i dont debunk idiots for the idiots benefit of learning. i mostly do it so the other readers can see how he idiot is wrong

there are a few idiots on this forum that no matter how many times you debunk them. they never learn, but i continue to debunk them so they dont recruit more idiots into their way of thinking
8375  Bitcoin / Bitcoin Discussion / Re: 99% here don't get CHINA, how about an honest discussion about CHina? on: May 22, 2021, 11:35:55 PM
what the OP does not realise is this

even if a pool sounds like it is chinese
it actually has stratum pools all over the world

with users from many countries linked to multi national stratums

so the actual 'yeild' of hashpower that is housed within chinese territory and linked to a pool which server is geolated in china. is much smaller than the OP thinks

the OP is about 6-7 years behind on the 'chinese' propaganda
8376  Bitcoin / Bitcoin Discussion / Re: Debunking the "Bitcoin is an environmental disaster" argument. on: May 22, 2021, 11:20:26 PM

If somehow Bitmain manage to make the Antminer S19 pull 10% less watts power, suddenly we are looking at a massive decrease in energy usage.

so like if the hash rate was at ~165exa in february 2021 using s19 at 3.25kw for 90thash
and like if the hashrate was at ~165exa in may 2021 using s19pro at 3.25kw for 110tash

well thats then not needing to run as many asic mining machines to achieve the same hashrate
thus less electricity used from the grid.

id call that more then a 10% drop in electric need.

so.. um.. let me just say it
your target goal has been achieved
8377  Bitcoin / Bitcoin Discussion / Re: Bitcoin TapRoot Update? on: May 22, 2021, 10:25:51 PM
Does Taproot pave the way for lightning network?

Lightning Network only makes sense if everybody accepts it as payment from your local coffee shop to Amazon right? 

taproot can make LN settlement commitments cheaper.. IF the channel partners use the same subset of keys
from the same keyseed.
it works by using a RANGE instead of a point. meaning multiple keys or a mathematic average of those keys are within the range of the needed proof range

 its useful if one user wants to generate a thousand public addresses from a seed knowing that it only needs 1 signature to prove them all when spending all the funds received on those addresses

it doesnt work if people are generating keys from completely different random points unassociated with each other in any way. EG different seeds from different wallets

there might be 'some' LN utility for what is known as 'LN watchtowers/factory' services which is where there is a manager(third party) that sets up the channels on behalf of 2 users. whereby its always the watchtower/factory that is broadcasting the commitment.(lite wallet app ->manager server)
but in those cases. most of the time the factory is just aggregating balances offchain and resetting up new channels without needing to broadcast.

but in short.
it wont make LN any better. but does allow more oppertunity for managed channels(with pros and cons of that)
but mainly individuals can seed thousands of addresses and need only one signature
say for instance. exchanges/pools making batch payments
8378  Bitcoin / Bitcoin Discussion / Re: Fighting the FUD of PoW versus Po(Insert favorite word here)!! on: May 22, 2021, 09:36:42 PM
give it a couple weeks....

Plus give it a couple more weeks, because of the genius that he is, Elon Musk will realize that Hashcash/POW, as implemented in Bitcoin, is the greatest/biggest break-through/discovery for creating a truly decentralized, censorship-resistant protocol. Or maybe he already knows it, and he trolls.

hashcash is not implemented in bitcoin.
inspiration from hashcash was used to then have satoshi develop something himself called PoW.
hashcash vs PoW are different things
much like a candle is different from dynamite
acknowledging hashcash inspiration does not mean the same as having the actually hashcash in bitcoin

whats next.. will windfury say that elons EV cars are actually alex volta's property. where windfury just says 'because volta invented the battery'
nope elons EV batteries are nothing like the batteries volta invented..

cavemen made fire.
but a candle was not made by cavemen

hashcash header has: email date and a hash using sha1
bitcoin does not. so its not hashcash

..
but now i come to think of it. it its taken 4 years for windfury to not learn some basic stuff.
maybe suggesting elon learning the basics in a couple weeks is a error. . maybe elon might need a month
48x faster then windfury can work things out.. i think thats fair

(now awaits windfury to call on his best buddy doomad to defend windfury's honour and start some silly preteen social drama. like they always do)
8379  Other / Politics & Society / Re: Firearms Policy on: May 22, 2021, 09:21:57 PM
The USA is different. Firearm freedom is written right into the Amendments: the 1st, the 2nd, the 4th, and the 9th... if not others. Firearm freedom is built right into the foundational laws of the nation. It's part of the heritage of the people of the USA.

Cool

but when you READ THE AMEMDMENTS.. you actually start to see certain words
like regulated
like the lack of 'semi-auto'
like the lack of' fully auto'
like the lack of 'for use of leisure and sport'
like the lack of 'for use without reason'
it clearly says its about the use of defence.

so wake up to what the amendments really mean for the limited utility of 'arms'
and stop dreaming of what you think it should mean about their utility

oh and it never says anything about the right to bear loaded guns. no mention about allowed to have bullets.
so yea buy a gun to stick above your fire place. but dont ever think that it says your allowed to have a fully auto rifle draped over your shoulder as you enter a crowded public place
8380  Other / Politics & Society / Re: Did you take the vaccine? tell us what happend? on: May 22, 2021, 06:45:32 PM
its been a few days now since my second vaccine. so lets update

first vaccine: slight arm pain like leaning on arm for too long. nothing to cry about
second vaccine: just a bit of fatigue.


..other family members
first vaccine. some no issues some had arm ache
second vaccine was no arm ache. just a lil fatique at most.


all in all.. id rather have arm flu(vaccine) then lung flu(covid)
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