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1481  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 03, 2023, 11:26:01 AM
Because Bitcoin is permssionless and censorship-resistant, I believe not all who uses the Bitcoin blockchain as a "cloud-storage" is attacking the network, ALTHOUGH Ordinals could open attack vectors for bad actors to congest the network, drive fees higher, while also being incentivized to do it to continue doing it.

Solution:

Push a network upgrade that increases the weight of Tapscripts, when calculating the Weight Units of the transaction.

Although in this form it would require a hard fork, maybe there is a node policy that influences the few calculation that can be tweaked specifically for bitcoin Core (it seemed to work for mempoolfullrbf, at the price of disgruntled hackers stealing the coins of a strong supporter dev).


If that's truly what you believe is the solution, then make BIP, and open the debate for the community to decide why, or why not. The network congestion caused by Ordinals will be coming soon. Although it will be a fair fee market, Bitcoin will be annoying to use as a network for payments, causing many users to go to those "faster blockchains".
1482  Economy / Economics / Re: The world continues dumping US dollar (Gold, New World Order, World War III) on: March 02, 2023, 12:26:39 PM
I'm with you that a New World Order is possible. Possible, or maybe probable.
To be clear I believe that the New World Order is already established, it is not something that may or may not happen in the future. And we are now in the transitional phase that could last a couple of years, years that will be filled with conflicts and chaos.


Truly established? Debatable.

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BUT it also doesn't change anything about the debate that the U.S. Dollar's fall could also be too overblown.


Dollar may not disappear but it will definitely lose its dominance and value over the coming years. I agree that sometimes the degree of its fall is exaggerated.


Because losing dominance for the U.S. Dollar would mean the United States would lose their Empire, I believe it will take longer than most people's anticipations.

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Because, right now, there's no currency that's actually ready to replace the Dollar that's better in spendability, saveability, and liquidity. The demand for the U.S. dollar remains because every other State want it.

What would the financial incentive be to accept the Yuan over the U.S. Dollar? I believe ZERO.


All the characteristics you mentioned (spendability, saveability, and liquidity) depend on whether US likes you to have those characteristics or not. You see, the dollar your country has is not in your country's control! It is in full control of US one way or another and this gives US a tremendous amount of power over your country which they always abuse and they abuse it on all countries, friend of foe alike.


But that doesn't change anything about Spendability, Saveability, and Liquidity. All countries prefer to have and deal in U.S. Dollars simply because it would be easier for them and their counterparties. Sanctioned countries, if they were not sanctioned, would definitely be using the U.S. Dollar.

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Take Turkey for example. It is considered a US ally and is a member of NATO. They have been playing both sides but after the earthquake which will continue to devastate Turkey between 6 to 12 months and exhaust all their resources, now through dollar US is putting pressure on Turkey to change its policies in favor of US!

Iraq is another example that US recently started increasing the pressure by blocking all their "dollars" that showed itself up immediately in Iraq economy.


The U.S. does that because why? Because they know the U.S. Dollar is ahead in Spendability/Saveability/Liquidity, and they will use that fact to leverage their motives.

China is also doing it with their Yuan through Debt-Trap Diplomacy.
1483  Economy / Economics / Re: Motley Fool Adding $5 million worth bitcoins on their Balance Sheet on: March 02, 2023, 12:07:36 PM
I think this is a reasonable action since the price of Bitcoin is still quite low, and then it will show growth. If I were a whale, I would also show everyone that I believe in Bitcoin and buy it. This shows other people that they can enter the market calmly.
It looks like an avalanche effect, and Motley Fool has launched its snowball.
It seems that influencers are fully aware of how they can influence the cryptocurrency market.


"Influencers" start "influencing" everyone to buy when the market is in ATH/near ATH during peak bull cycle? Why? Because they want to sell to us and take profit from us, the plebs, the newbies, the poors.

It's the perfect cycle for a new strategy. Buy the DIPs during peak bear market, and front run everyone if you want to sell. But if in doubt, just HODL.
1484  Economy / Gambling discussion / Re: Casino games plebs like us must play on: March 02, 2023, 10:09:56 AM
If he is a rich person and has more income he probably won't be so disappointed but if he is just a small gambler then it would be better to always have financial and time limits on gambling.
I agree with your suggestion because that way it can make a gambler at least minimize the loss of large amounts of money.
A rich person still can get rekt because his money is limited, there's no any single person in this world have unlimited money including Elon Musk. A rich person might bet with max amount and if he keep gamble everyday, he could become poor and sold all of his assets in order to play and recover all of his losses. So either rich or poor person, they need to set a limit how much they can afford to lose, the difference is the amount of the money.

For someone like Elon Musk, gambling all the money he has away will take a very long time, and even after gambling away all the money he has, he still can not be ever poor because of the kind of investments he already has ..
So in as much as I agree with you that no body's money if unlimited anywhere, I still believe that there are people who have excess money that even if they decide to stop working and start gambling everyday, it can take tens, and for some, hundreds of years before them to ever become poor, if at all, this is possible.


Talking about Elon Musk, I believe he already made the biggest gamble of his life when he used his money he gained when he sold his shares in PayPal. He used all that money to build the two most risky projects of that time. An Electric Car Company Tesla, and a Rocket Company =SpaceX. All that money would have been merely burned in 5 years if he didn't find success for those companies. That is NOT "a long time".
1485  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: March 02, 2023, 05:45:46 AM
i would say "attacking" bitcoin is a rather harsh word for storing some piece of important data on the blockchain that you do because it's important to not lose it. the intention would not be to attack bitcoin. or hurt bitcoin. so maybe you should bring it down a notch...

Bitcoin is not a cloud storage service so when people use it for that, it is an attack. Specially when it is not just one or two cases of people storing some small arbitrary data on bitcoin blockchain but an increasing threat to the future of bitcoin as a peer-to-peer digital cash.


Because Bitcoin is permssionless and censorship-resistant, I believe not all who uses the Bitcoin blockchain as a "cloud-storage" is attacking the network, ALTHOUGH Ordinals could open attack vectors for bad actors to congest the network, drive fees higher, while also being incentivized to do it to continue doing it.
1486  Economy / Trading Discussion / Re: Trading with profitability on: March 02, 2023, 05:32:41 AM
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.


It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.


They also could just be those trolls, like the trolls in the forum, who like to take advantage of newbies and plebs like us. They want us to be under their influence, and to manipulate us, making us question the truth which we already know. That's called gaslighting, and it's working very effectively in the forum, because I noticed that there are other people who have started to defend the posts of one "special" troll in BitcoinTalk.
1487  Bitcoin / Bitcoin Discussion / Re: Are you running your BTC wallet on Linux? Why? on: March 01, 2023, 11:35:29 AM
Linux OS is less targeted by hackers and you will have less risk to be hacked. Hackers know that Windows is a most famous operation system and they spend most of their time to build malicious things on Windows.

Using Linux OS for your device, you are reducing such risks.

Linux Mint: https://linuxmint.com/

You can also use Tail OS too.
How to Install Tails OS on USB flash drive for Wallet Purpose


But OP should also get the context why "Linux is less-targeted by hackers". It's because, like the Mac, there are less users who are using Linux for the desktop, compared to those users who are using Microsoft Windows. There are still many exploits for unpatched versions of Linux that can be found in the internet, although not as many as the malware/virus made and released for Windows.

1488  Economy / Trading Discussion / Re: Trading with profitability on: March 01, 2023, 10:57:17 AM

It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.


it's just nonsense when we talk about "daily profit" consistent with day trading, when psychology can't be controlled and to panic, and lack of capital. Being consistent will not be easy, it requires more knowledge, not just basic trading knowledge. consistent daily profits will be more difficult than just holding for the long term. Must have consideration, which strategy is really suitable in order to produce maximum profits.


Day-trading, swing-trading, long-term trend trading, or even HODLing! NONE of these different trading strategies will give ANY user "daily profit"/"daily paper profit" because of the volatility and the unpredictability of the market. There will always, ALWAYS, be draw-downs in our investment portfolios.
1489  Economy / Speculation / Re: Buy every dip! on: March 01, 2023, 07:45:58 AM
[edited out]
Hahaha. I'm definitely not cheering for down, I'm merely presenting a debate that the best Golden Opportunities to Buy the DIP and HODL are during bear markets. Because we can't control what happens next to the market, what we can do is look for the Silver Lining in each and every situation. The longer the bear market, the more time to find Golden Opportunities.
 Cool

Why you even have to be taking things so personally.. you DOWNity cheerer-er?


 Cool

I'm simply the SILVER LININGer. I accept DOWNity "because Golden Opportunities", and I UPity cheer "because HODLing".

Plus I never take anything personally. I'm merely making the point of my posts very clear. It's easy to misunderstand each other's viewpoint without actually talking in person, facing each other.
1490  Economy / Economics / Re: G20 Meet ups, Global Crypto Rules based on IMF & FSB Synthesis Paper... on: March 01, 2023, 07:31:24 AM
The G20 is a forum, it's not an organization, it has no way of enforcing anything between participants, it's just an informal forum where everyone bitches about their problems, the rest agree and disagree, and when they return home every single country is doing things as before.

To expect something crypto-related that will end in a unanimously agreed regulation of some kind is a fantasy, not while China which has already banned almost everything crypto-related is a member, how do you think that will sound? To make things worse there is Japan and SK with tighter regulation already in place and some that don't really give a damn like Brazil and Mexico.

So, nothing to see here, they will have far bigger issues to discuss than focus on crypto.


It doesn't matter if it's a forum, an organization, or a government. The main point of Bitcoin is, as designed by Satoshi and later by the design-decisions made by the Core Developers, it simply CAN'T be regulated. If the Bitcoin users/economic majority/HODLers call/demand for regulations, then let's bring in a proposal to remove POW, give all trust to a central entity, and turn the network into another PayPal.
1491  Economy / Economics / Re: G20 Meet ups, Global Crypto Rules based on IMF & FSB Synthesis Paper... on: February 28, 2023, 12:17:39 PM
I really do not have a great expectations from this year's G20 meeting on crypto regulations. The Central Bank of India really negative about it and they are probably going to present the case in a negative way which in turn create negatively among the world leaders.

As long as crypto is not banned and the governments do not impose a blanket 30% tax on it, we should be ok. But not keeping any high and positive expectations.


Plus "the rules" should NOT, and will NEVER apply to a decentralized, censorship-resistant network that's made possible ONLY through the utilization of POW. If any Bitcoiner debates that "it should follow the rules", then I would question what, do you believe, would be the use of mining with all that electricity to secure the network? It would therefore be a wasteful use of electricity.
1492  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time, or not. on: February 28, 2023, 12:00:53 PM
Updated 2022-02-24


How high are the probabilties that Bitcoin's volatility during the next main bull market surge will be higher than the last bull market's main surge? Because the next bull market will that be because of a monetary expansion by the Federal Reserve, and a lowering of interest rates, there's some probability that we might see a Bitcoin bull cycle like 2015 - 2017 again. Debatable, BUT possible.
1493  Economy / Speculation / Re: Buy every dip! on: February 28, 2023, 05:22:52 AM
I’m constantly buying when I’m able to. In a few years, the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.
A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.
The fact that we don't have the knowledge of when the present bear market cycle will last and also when the next all time high will be even though there is speculation of the next all-time high after the next bitcoin haven when that will be uncertain but since the block size and reward will reduce it a pointer that Bitcoin will become more scarce thereby forcing it to supply to be limited this will ultimately increase the value.

-talking about buying the dip, the present bitcoin price is still considered a dip price for many who are big bag holders and that are ready to invest in Bitcoin for the long term.
I present another debate. We may not know when the current bear market might last, BUT we know when the Golden Opportunities are to Buy the DIP, and HODL. We plebs have small/limited capital. It will definitely better for us if the time for Golden Opportunities are longer, giving us more time to accumulate Bitcoin.

I am not very comfortable with people cheering for down.. but surely, I cannot argue with the idea of taking advantage of down  - to the extent that any of us is really capable of recognizing and appreciating that we are currently down... which I believe that we are currently down.. but there are a lot of folks out there expecting and hoping for more down.. which may well end up being their mistake if they are not ongoingly and regularly buying at these prices, even if they have tight budgets, like you are suggesting to be the case for a lot of people (I cannot really argue with that either)... There are some folks who can easily afford to buy $250 per week, but they may or may not be doing it, and there are others who might struggle to invest $100 per week, and there are even others who might really have difficulties to scramble up $10 per week to invest into bitcoin, so of course, any kind of ongoing and persistent BTC accumulation strategy has to account for how much cashflow can be made available to invest regularly, aggressively and without over doing it.. including attempting to appreciate if we are still in a dip, which surely many of us longer time bitcoiners do consider any prices near or below the 200-week moving average (which is currently slightly above $25k) to be low in terms of current levels and also in terms of historical BTC price levels.


Hahaha. I'm definitely not cheering for down, I'm merely presenting a debate that the best Golden Opportunities to Buy the DIP and HODL are during bear markets. Because we can't control what happens next to the market, what we can do is look for the Silver Lining in each and every situation. The longer the bear market, the more time to find Golden Opportunities.

 Cool
1494  Economy / Trading Discussion / Re: Trading with profitability on: February 28, 2023, 05:09:19 AM
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.


It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.
1495  Economy / Trading Discussion / Re: Trading with profitability on: February 27, 2023, 01:40:08 PM

One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.

--Snip--


Snipped the rest of the post because it's already a mistake to have a presumption that opportunities to make $100 or more daily to take will always be there for plebs like many of us. If it's possible that they are always there to take, traders who are more well-capitalized than us, who are more skilled than us, and they have a thousand systematically, well-programmed trading-bots to use against us.
1496  Economy / Speculation / Re: Buy every dip! on: February 27, 2023, 01:26:24 PM
I’m constantly buying when I’m able to. In a few years, the current price will seem like a joke. Anybody who isn’t buying now will majorly regret it.

A lot of people were saying the same thing when the price was in the $10-20k range, and look where the price is now. There's no telling how long this bear market (we're still in one) is going to last; just as a reminder, the previous one lasted for two and a half years.
The fact that we don't have the knowledge of when the present bear market cycle will last and also when the next all time high will be even though there is speculation of the next all-time high after the next bitcoin haven when that will be uncertain but since the block size and reward will reduce it a pointer that Bitcoin will become more scarce thereby forcing it to supply to be limited this will ultimately increase the value.

-talking about buying the dip, the present bitcoin price is still considered a dip price for many who are big bag holders and that are ready to invest in Bitcoin for the long term.


I present another debate. We may not know when the current bear market might last, BUT we know when the Golden Opportunities are to Buy the DIP, and HODL. We plebs have small/limited capital. It will definitely better for us if the time for Golden Opportunities are longer, giving us more time to accumulate Bitcoin.
1497  Bitcoin / Development & Technical Discussion / Re: Questions about soft fork on: February 27, 2023, 11:31:05 AM
When you are thinking of BIP148 don't think about WHAT it activates, but think about HOW it activates it (or rather wants it activated) and maybe you understand my view better.


To put everything in context we are talking about Segwit = WHAT, and what happened during 2017 = HOW.

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But we can't, or shouldn't, speak for all of them, no? The UASF/BIP-148 was merely a proposal on how to have Segwit activated, an upgrade that many people in the Bitcoin community truly wanted. Plus if it's your opinion that 5-10% couldn't force the miners to activate an upgrade, OK. But it did with Segwit, because there was unquestionably more than 5-10% of the Economic Majority that actually wanted Segwit.


You are confusing two separate matters. There is a difference between "wanting SegWit" and "wanting SegWit at any costs". Majority of people wanted SegWit but only a handful wanted it at any cost. And that is what BIP148 is, going against what has worked in all bitcoin soft-forks (eg reaching 95% majority) and splitting the network threatening bitcoin's security, reliability and blockchain's immutability just to activate SegWit.
In fact if you paid attention in those days you would have seen a lot of users state that they do not want SegWit IF it leads to a chain split.


Because why? Because Jihan Wu and his friends from the mining cartel were delaying, and politicizing the miner activation process instead of what truly its purpose is, which is just a signal to let everyone know that they are ready for an upgrade.

Shaolinfry made his proposal as a response, and "the rest is history", https://bitcointalk.org/index.php?topic=1805060.0

Every newbie who wants to learn more about Bitcoin should read that important proposal in that topic.

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It wasn't like the laughable BCash.


It is like that more than you think. There is no clause in the proposal to check what the network thinks (ie. miner's vote), it just dictates that anybody who wants the change (whatever it is, whether SegWit or bcash or can be anything else in the future) can reject any block that doesn't activate it and split the chain!!!

That goes against everything bitcoin stands for and it is a malicious attack.


The miners don't speak for the whole network. If it did, then the network is centralized towards the Mining Cartel.
1498  Bitcoin / Bitcoin Discussion / Re: Are there age limits to Bitcoin investment? on: February 27, 2023, 11:19:06 AM
It is all simple. If there is KYS you have to be over 18. But I think there is no poit to enter it if you already retired and would not hold for a long time


I'm not entirely sure if BTCBroker2016's account was made to troll, or misinform everyone, but if he's truly serious, then he's simply wrong. He probably really is a newbie because he can't make the difference between a Centralized Exchange, and Bitcoin - a censorship-resistant cryptocurrency which ANYONE can use/receive/send, at ANY AGE. How would anyone stop me from sending some Bitcoins to a 10 year located far away from me?
1499  Bitcoin / Bitcoin Discussion / Re: What can Bitcoin afford to buy on: February 25, 2023, 11:54:00 AM
Mostly online services like VPN/proxies/etc. It's quite rare for online retailers to accept bitcoin as payment as of today so for now, we're stuck with bandage solutions such as BitPay, Coinbase Commerce, Purse.io, and such.


Plus if OP would go to the Dark Markets there are many valuable "products" over there, for "some people", that are "hard to find". Without Bitcoin, ground-breaking concepts such as online markets that can sell ANYTHING without needing approval from anyone, or permission from government institutions, would be impossible. It's a Libertarian's dream.
1500  Bitcoin / Bitcoin Discussion / Re: Are there age limits to Bitcoin investment? on: February 25, 2023, 11:35:34 AM
I believe OP is confused between gambling with Bitcoin through day-trading/taking risks to take advantage of its volatility, AND actual Bitcoin, the censorship-resistant cryptocurrency/the decentralized network/the multi-generational protocol, which is probably the greatest break-through of the 21st Century.

OP, there are age limits to gambling, but there's no age limits to HODLing. Is there an age limit to HODL fiat? No. Although there's an age limit to gambling with fiat.
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