Bitcoin Forum
May 01, 2024, 09:28:35 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 ... 531 »
1421  Economy / Services / Re: [OPEN][AVATAR OPEN Reward $20/w] SINBAD MIXER Signature & Campaign. Up-to $130/W on: March 22, 2023, 10:36:22 PM
Current number of post (Including this one): 9203
Rank: Legendary
bech32 address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
Merit earned in the last 120 days: 65
1422  Economy / Economics / Re: The world continues dumping US dollar (Gold, New World Order, World War III) on: March 22, 2023, 05:15:29 AM
Let's bring the discussion back to dedollarisation instead of War Propaganda.

Let me share a theory I heard recently that involves possible Finland joining NATO and collapse of (Soviet)United (Union)States.

We know that one of the major factors contributing to the collapse of the Soviet Union was economical. All those little countries with loads of economical problems were under the Soviet umbrella and Soviets had to provide them with enough incentive to keep the "loyal". To put simply as the economical problems grew, eventually the whole thing collapsed.

A very similar situation is happening again. It is not example a "union" like Soviet Union but more like a bloc were US is absorbing all these little countries into it. All of them (the entire Europe) has been facing a crisis and US not only been incapable of helping but they've made everything a lot worse by printing more dollars and exporting that inflation to Europe and by selling energy at extremely high prices and at small amounts that helped deindustrialization of Europe. Now more little countries like Finland with all their economical problems are being added to this "bloc" while US economy is slowly collapsing itself.

On the other side we have an Eastern Bloc that consists of the strongest economy (China), members from the West (like South America including Brazil), almost all the energy in the world (Iran has been in the bloc from day 1, Arabs are joining in like Saudi regime which is literary the only reason why Petrodollar is alive, tiny Arab nations like Qatar/UAE/..., Venezuela and more),... and the whole bloc's economy has been growing over the past year while separating itself from the failing Western Economy and also from Dollar.

The theory is that some experts suggest that what we are witnessing today is the start of the collapse of United States in a very similar way Soviet Union collapsed.
This also means more tensions, more conflicts and more nuclear threat.... and threat of WWIII which could also be averted when US collapses like Soviet Union did and nuclear war was averted in 1990's.


OK, you posted your theory. Playing the Devil's Advocate, let me post something that's actually happening in practice. BRICS can't compete with the United States Dollar system because BRICS can't run their own systems properly. Do the research on that.

World trade chooses the United States Dollar system because nothing else can compete with it in? Spendability, Saveability, and Liquidity. It's simply the easiest currency to move, makes the most practical choice to hold because it's the easiest to move in/out to/from it, and everyone wants to accept/transact in it, including China.
1423  Economy / Services / Re: [OPEN] Yo!Mix Bitcoin Mixer Signature Campaign| Reward up to $100/w | 2/2 escrow on: March 21, 2023, 02:52:18 PM
Current number of post (Including this one): 9201
Rank: Legendary
bech32 address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
Merit earned in the last 120 days: 65
1424  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: March 21, 2023, 11:54:32 AM

They are rejecting a source of good revenue by blocking those transactions.

They are protecting their revenue by implementing blacklists, not reducing it.


It's a trade-off. They rejected a source of good revenue to protect themselves from getting into mix-ups with the government.

Quote

If they are unable to run a censorship-free coordinator, then the correct thing to do would be to shut down their centralized coordinator and work towards setting up decentralized ones.


That's a good solution, but you can't tell a centralized entity what, and what not to do. We can express your opinion, or tell our fellow users to stop using Wasabi, but it would be laughable to expect that we tell them how to run their business.

Quote

Instead they opted to sacrifice their users' privacy, enforce the nonsense that is "taint", and attack bitcoin itself, in order to protect their own income stream.


Instead of telling them what to do, show them how it's done the right way. Why not fork the coordinator and have it accept all transactions.
1425  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: March 20, 2023, 11:47:27 AM
Plus with WasabiWallet, what's the point of being a honey pot? They block transactions from "nefarious sources", and no user from the Darknet Markets, Ransomware Market, or holders of stolen outputs would be stupid to go tumble them through Wasabi.



Because we are now in a place where if we want privacy, we are surely trying to hide something. That's how the ruling classes look at those seeking privacy. Why can't you be more like the rest of the 99% of population that doesn't mind that we (your government) looks into everything you do? Since you are trying to break the history of your coins, we (the caring government) must keep an eye on you. We only do that as a fight against terrorism, money laundering, and because it's a national security issue, obviously.


I'm confused. Are you trying to say that Wasabi is a honey pot simply because it wants to follow its "law-abiding" users' transactions? Using that debate as the basis, but the government could also set up a mixer/tumbler of their own and follow both "bad" users and "law-abiding" users' transactions. Their attention would be to those who could act as a real threat against them, no?

Plus I believe Wasabi blocks transactions from nefarious sources as an accepted trade-off to avoid "mix-ups" with the government. They are rejecting a source of good revenue by blocking those transactions.
1426  Economy / Services / Re: [OPEN] Roobet.com Signature Campaign | Snoop Dogg x Roobet | Full Members+ on: March 20, 2023, 04:11:00 AM
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=844914
Current amount of Posts (Including this one): 9198
SegWit BTC address for payouts: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
EARNED merit in the last 120 days: 63
1427  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 18, 2023, 10:05:25 AM
Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.

You are a bit ambiguous both in terms of your prognostication regarding what might happen and also lack of specificity regarding what constitutes a "dip" worth buying.

#justsaying for a friend.


I can't be more specific because a mere pleb like me can't predict precisely where Bitcoin will go. I'm simply making a shower thought/musing that because inflation remains to be sticky, the Federal Reserve might be more aggressive in tightening/QT to reduce demand to bring inflation down. I believe THAT will bring forth a recession. The "soft landing" the Federal Reserve wants is improbable.

If the Federal Reserve pauses QT and rate hikes, or do the worse, PIVOT and actually reduce rates/start QE, inflation will go up and also bring forth a recession. It might be worse, a depression.

Where does that put Bitcoin? It might crash it back near $16,000 again. Another Golden Opportunity. During 2019, a surge happened too, from $3,000 to $14,000, then it went down near $3,000. Although, I'm wrong most of the time.
1428  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: March 18, 2023, 09:43:38 AM
~
That's why Wasabi decided to take the trade-off of blocking transactions from "nefarious sources" that's "according to" blockchain analysis companies. Wasabi believes that it gives them a layer of security. But does it truly give them a layer of security? It's currently working, but we can't be sure for how long.

That's right but I'm afraid the guys behind Wasabi wallet are doing a lot more than just censoring certain transactions. They may be fully cooperating with the government(s) and other agencies in deanonymizing all the transactions that go through their centralized "mixing" coordinator servers.


I don't want go into that topic without proof, because if you accuse one centralized service, you can accuse them all. Plus with WasabiWallet, what's the point of being a honey pot? They block transactions from "nefarious sources", and no user from the Darknet Markets, Ransomware Market, or holders of stolen outputs would be stupid to go tumble them through Wasabi.
1429  Economy / Services / Re: [OPEN] LiveCasino.io Signature Campaign | Sr. Member+ | 100$ p/w, funds escrowed on: March 18, 2023, 05:57:27 AM
Username: Wind_FURY
Post count: 9195
BTC address (SegWit): bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
1430  Economy / Services / Re: [OPEN] Sherbet.com 🍭 Signature Campaign | Payment Escrowed (2/2) | up-to $130/w on: March 18, 2023, 05:45:42 AM
Current number of posts (including this one): 9194
Rank: Legendary
Bech32 address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
Sherbet username: Orc1Axe
Merit earned in the last 120 days: 63
1431  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: March 17, 2023, 03:12:52 PM
Quote
zkSNACKs Ltd. as of 2021 was registered in Gibraltar and was operating in compliant way with all regulations and was able to operate and take income and pay wages to employees.

The problems started happening when people started asking questions.

The problem is the centralization where there is a company that is trying to make money from a software (Wasabi wallet) they've created. If the things get worse with crackdowns the same thing could happen to other centralized companies that have created "regular" wallets like Coinomi. In other words it is not even a privacy-wallet related issue.

The governments will put pressure on these companies (as the centralized point of failure) and demand they comply with whatever they say. They won't stop there either, they will put pressure on any known entity they can get their hands on. I personally believe that the reasons why some core devs have acted strangely is this, like the recent case where one of them advised bitcoin LN nodes start censoring transactions from certain countries!


That's why Wasabi decided to take the trade-off of blocking transactions from "nefarious sources" that's "according to" blockchain analysis companies. Wasabi believes that it gives them a layer of security. But does it truly give them a layer of security? It's currently working, but we can't be sure for how long.
1432  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: March 17, 2023, 01:41:32 PM
You can now say anything. But the fact remains that oil is getting cheaper, Russia is rapidly losing high-priced markets, and the European hydrocarbon market is falling out of Russia's hands. India and China will not help in any way, because. redeem the surplus at a dumping price ...

Here, for example, is a real fact - Russia began to stupidly burn gas, which they decided to undersupply to the EU, as part of economic terrorism Smiley Idiot terrorists understand that conservation will mean the destruction of the well, because Russia is a technologically backward country, and without Western technologies it will not reopen wells Smiley
I read your posts like a humorous magazine. Summary: Russia is falling apart, children are drowning in toilets, grandmothers are praying for Putin, and the Buryats are running out. Grin


We discussed about Putin, and the "common Russians' sentiment" about the war before. I have a new shower thought. What if the U.S. is trying to "wipe out" Russian military equipment in Central and Eastern Europe by not making the war end, then when it's finished, the U.S. will have a monopoly for military equipment in those countries across Europe, making them their everlasting vassals.
1433  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 17, 2023, 01:23:45 PM
Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.
1434  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 17, 2023, 07:30:46 AM
blockchain.com is dealing with the illegal images issue by putting a "report" button next to the pictures of the nft. i guess that solves the problem. if someone reports it and they agree it is a bad image, they can just take it down. off their website anyway. maybe that's good enough.


That's a "solution", although a laughable solution.

A silver-lining for the incentivized demand in dick picks and fart sounds in the Bitcoin blockchain, it will solve the problem of "what would happen to the miners if all the coins are mined out", and the long term security of the network. There probably won't be users in the future who would be happy to pay high fees for a coffee-transaction, but there would be users who would be happy paying for high fees to trade their dick pics and fart sounds.

That's just a mere observation/shower thought. I'm not starting a debate.
1435  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 16, 2023, 12:33:05 PM
Change? I don't want any change. Please bring my empty mempool back! 

Stompix is correct, YOU want the change, not him, Ordinals are real, they are already in the blockchain, and no change is required to keep them there, on the other hand, a change is needed to ban them, so it's not like we are trying to convince you to let Ordinals in, they are already sitting on the couch, it's the folks who want them out of the house who are desperate for a change in the protocol, so his statement is perfectly stated.

Oh, and as for your little poll thread, please don't take that too seriously, the percentage of Bitcoin users who are going to see it rounded to a whole number will be zero, the only way to find out is to wait a few years and see, if Ordinals stay alive it means enough people wanted them - if they die, it means the opposite, simple free-market capitalism.


I believe it will be like altcoins/shitcoins/NFTs, which developers built the tools for users, the investors/traders were incentivized by the development of a market to buy/sell, and the gathering of people behind each project that become "communities".

There's a high possibility that if the market for NFTs in the Bitcoin blockchain can incentivize developers and traders to stay and profit as much as they can profit from NFTs in the Ethereum blockchain, then they will come back especially if it's cheaper/more reliable to use the Bitcoin blockchain.
1436  Other / Beginners & Help / Re: i have no programming knowledge. but i love bitcoin and would like to learn on: March 16, 2023, 12:17:17 PM
OP, alongside all of the suggestions posted in the topic, read the Developer Guides in Bitcoin.Org, https://developer.bitcoin.org/devguide/

It's a basic guide that will give newbies a good understanding of Bitcoin.

Bitcoin.Org, not Bitcoin.Com.

In your programming/learning journey if you have some questions, or answers for the questions of other people in their own journey, you explore Bitcoin Stack Exchange, https://bitcoin.stackexchange.com/
1437  Economy / Economics / Re: Bank Bailouts and Stock Market. on: March 16, 2023, 08:06:43 AM
Hello everyone.
I think some people interpret this whole situation a little bit wrong so I wanted to share my opinion on this topic.

I think the banking contagion is now over. The government and federal reserves backstopping the banks with the protection of assets above 250k. So we won't see more bank runs because people know that their money is protected now so banks are safe.


It's probably just starting. During the last Banking/Financial Crisis, there where Banks that made press releases that they were "OK", one of them was Lehman Brothers.

Quote

Some people and media also say that the system broke and that means that federal reserves won't rise interest rates at the next meeting. And I think it's completely wrong. I think they will just rise rates for another 0.25% as a response to the SVB situation. The inflation is still pretty high and FED will keep fighting it, they can't afford to stop right now.


As a response, the Federal Reseve SHOULD pause, BUT they CAN'T because of inflation.

Quote


So I think we will still see a lot more bankruptcies, there will be more layoffs and the stock market will keep suffering from that. This also means that bitcoin will probably find a new bottom.


"It's probably just starting".

 Cool

Bitcoin to find a new bottom? Buy the DIP, and HODL.
1438  Economy / Economics / Re: The problem with Credit Suisse and banking sector. on: March 16, 2023, 07:52:23 AM
I think you all noticed that the stock market went down again and this time it's because of Credit Suisse.
It is still one of the biggest banks in Europe so the European banking sector has some problems too.

Their bonds, CDS, everything is going down and it's bad news not just for people from Europe but for everyone cos this is international.

Credit Suisse had some problems in previous years but this time it's wild. They delayed their annual report and announced that they have weaknesses in internal control which is awful for the bank. And the largest shareholders started saying that they won't give any money to Credit Suisse. People are withdrawing from this bank for the last 3 months but now it's got even worse.

Because risk is getting higher, people move away from banks to invest in more stable assets. The US is helping banks to bail out depositors but banks still have to keep credit flowing which is pretty hard considering the loss of trust in this sector.

I think the best decision right now is to wait for what will happen next because it's pretty hard to predict where the market will move next.

The Swiss National Bank (SNB), together with the Swiss Financial Market Supervisory Authority, issued a press release stating that the problems of some banks in the US do not pose a risk to Swiss banks. And Credit Suisse has everything in order - it meets the requirements for capital and liquidity.

Well, CS, for its part, immediately announced its intention to get access to the SNB credit line in the amount of $54 billion. "Which will certainly support business and customers."

The collapse of the global financial system is temporarily delayed.


But could we truly trust their press releases saying that everything is "secure, and safe"? I believe not, and we simply shouldn't trust them. Everyone should get their money out. Because, why would they need a $54 billion credit line?

The first clues that came out about Credit Suisse's problems were back during February, and I believe that it will not be the last.

Plus did you know that the Federal Reserve can also give credit lines to eligible FOREIGN BANKS?

Quote

Borrower Eligibility: Any U.S. federally insured depository institution (including a bank, savings association, or credit union) or U.S. branch or agency of a foreign bank that is eligible for primary credit (see 12 CFR 201.4(a)) is eligible to borrow under the Program.

https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20230312a1.pdf


"U.S. Branch", OK!

 Cool
1439  Bitcoin / Wallet software / Re: Coinomi wallet hacked, all funds stolen on: March 15, 2023, 08:19:47 AM
The thing with software wallets is that there's always a chance of a private key leak simply due to the fact that your wallet's private keys were generated through your computer/mobile device. And add the fact that it's closed source? We have no idea how secure the wallet app is.

Next time, grab a hardware wallet.


I believe it's more probable that OP was a victim of a phishing attempt, or his/her computer was hacked, than Coinomi software had a private key leak, or if Coinomi was a nefarious entity that steals private keys themselves like what OP is giving that impression. Because if it's true/proven, then they are legally liable.
1440  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 15, 2023, 08:08:56 AM
without code changes.. the spam, by just sitting in mempool plays with the fee structure
it also plays with the tx per block structure
it also plays with the time expectation for payment settlement

but hey an exploit has been allowed and you dont want to fix it because you think its not broke

oh and the fee mechanism you think will "figure itself out" wont figure itself out to make spam disappear in blocks...
because said spam can manipulate fee's of other people in the pending(zero-confirm) stage of mempool filling


I'm merely talking about what I see, without expressing my personal bias or personal opinions. In that context, I'm also neither thinking about it in labels such as "spam". I'm thinking about it with a neutral viewpoint.

Block space is limited, if demand goes up, fees go up, and miners simply do their job looking for the most profitable outcome for them per current block.
Pages: « 1 ... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 [72] 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 ... 531 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!