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2161  Economy / Economics / Re: Cryptocurrency usage will boost economy or make it worst ? on: November 16, 2019, 12:41:00 PM
What if all those big corporates and businesses starts using crypto as a mode of payment just to avoid tax which will cause a direct loss to the government which uses tax for the betterment of the country. This might not affect corrupt countries as it doesn't matter because tax money goes to politician's coffers but what about developed nations?
Is that even possible ? If that's possible the government will ban cryptocurrencies for good and anyone caught using crypto assets will serve serious punishments, especially companies that are caught using it will face serious issues. So, I don't think any of them would like to try such a thing. But, I know for sure that if any company is making use of cryptocurrency they are still going to be paying tax while they are making use of it.

I don't think this is possible. First of all, All income generated must be submitted for tax computation and that means any profit generated by such business will have a tax ratio based on the total acquired profit even if it is fiat or crypto or even a property acquisition. Secondly, Government cannot total ban cryptocurrency, what they can do is to prohibit the use of it but it seems like that could've the worst solution to have if ever. Just like exchanges, they are proper businesses under legal papers with the government and they are paying their taxes where they are registered.

Both, some people gain millions from BTC and other Crypto investments, and some of people lost everything they had on the ICO bubble. So IMO it can make economy better and worse Smiley
I don't know if it does have any impact on our economy. Maybe when in a particular country and there are lots of investors holding crypto assets and making profits, if they withdraw it to their country bank it might in some way boost the economy. I don't know if this is right or not.

Our world is becoming more and more of technology based society, maybe sooner or later we'll start to use crypto more often. I can say it has impacted the economy since late 2017 as the growth rate of people using digital currency increased and banks are considering blockchain to integrate with their system and by these things cryptocurrency will surely play a vital role in the future.
2162  Bitcoin / Bitcoin Discussion / Re: Bitcoin Daily Living on: November 15, 2019, 07:09:57 PM
I don't live on crypto-only because I can't pay bills and buy food with it. I do however buy almost everything else with crypto and my income revenues include bitcoin as a payout method alongside all the normal banking ones and PayPal which is nice to see because being paid used to be a problem for me. They always wanted me to have a Paypal or something. The bank I use doesn't support Paypal.
You can't really live with cryptocurrency in your pocket to do your living, we are not established yet with using such currency in digital form. There are just some of businesses that accepts it, you can't even spend a day  with just using crypto, not at all. Big companies like paypal, microsoft and Amazon isn't that much for you to need daily. There are already significant change in banking system these days as some are already open with using crypto for payment settlements, good for client in terms of conveniency.

How does the bitcoin debit system with Bitpay work? How has it been for you?
Bitpay works great simply because I enjoy its 1% transaction fee at hassle free transaction every time I buy from a merchant in Bitpay. I just don't know if they charge currency conversion fee, or it same goes with their transaction fee rate.
2163  Local / Pilipinas / Re: Ang Relative Strength Index (RSI) on: November 15, 2019, 05:27:58 PM
This is a good one, but I don't know why there's no much response on this thread.
RSI is a very good indicator for the trader and I think isa ito sa madaling intindihin since sinusukat nya lang naman ang changes sa price if its oversold or overbought.
You can see from here if the market will continue to up or not, thanks mate for sharing this one.

Siguro kasi walang masyadong market analyst dito sa Board natin. Walang masyadong nakaka-alam kung paanong tumingin ng charts at kung papaano gumamit ng RSI.
Feeling ko rin walang masyadong nag aanalyze ng market movements dito sa local board natin kasi bibihiral ang din ako makakita ng mga nag popost ng mga technical na bagay about sa market. Sa tingin ko karamihan satin is tumitingin lang din sa ibang thread kung pano mag analyze ng ibang chart, karamihan din kase na magaling sa mga ganto ay yung mga banyaga at karamihan din sa kanila ay meron talagang degree sa economics. Looking at this RSI sa tingin ko basic lang ito na pag analyze ng market, kasi sa iba mas malalim pa yung terms at tsaka maraming uri ng chart ang ginagamit.

Usually kasi nakakalat lang yung mga analysis ng mga other traders kaya dun nagbabase ang karamihan. Kaka-start ko lang din mag-aral ng charts at sobrang interesting into para sa akin.
Oo karamihan talaga satin wala ng time sa pag analyze at sumusunod na lang sa ibang trade style, though marami namang sanay at nakakapag-benefit sa ganong paraan. Para sakin komplikado masyado ang mundo ng market analysis since marami kang dapat isa alang-alang which means you need to study different aspect of the market.
2164  Economy / Economics / Re: finding investors on: November 15, 2019, 04:42:50 PM
for now we can say that investors are tired looking for new project that will make them rich, they are tired for those scams that's lurking all over the crypto world, but if we have proven first that your project is worth investing at, then for sure investors will follow you.
I don't think they are necessarily tired of scams, but more so tired of the bear market within crypto.... almost every crypto chart has been trending down for nearly two years now, and that's something they don't want to get into.
This is what I see as wrong with investors nowadays, most of these so called investors are newbies that are just hooked up because of the booming market with the last years surge are just too greedy with the market, they think it is easy to get rich and gain profit with this industry. I pity them.  But I think scams already taught them a lesson, not a trend is always to get positive results especially on crypto which contains high risk and high volatility.

Bitcoin's parabolic rise to $14k this year hasn't changed anything in the grand scheme of things because it technically is just a lower high. What will the next lower high be? $10k? $8k? It's not looking very promising anymore.
I can't say it is bad having a price that is quite stable between $10000 to $8000, it is pretty good though. Bitcoin's purpose was not to be dormant investment but to be a useful currency, I don't see anything bad at its price point. Probably there will be some changes in year 2020 since I've been seeing lot of btc adoption of various big private companies. We'll see.
2165  Economy / Economics / Re: Would you use FB's Libra? on: November 14, 2019, 04:57:27 PM
We can never really tell at this point.
Definitely, there are much to anticipate with Libra but don't overhype just because it is handled by social network king facebook. Although there are millions of user, there is no guarantee that they will support it.

We haven't seen the full working project as of today, everything is based on the surface so we don't know if people around the world are going to actually used it. So it is still 50/50, and we all know that Facebook doesn't have a good track record as far as data privacy is, remember the Cambridge Analytica debacle?

Me too, I'm also worrying about these issues where facebook is involved in scandals such as database breaching. Last year it was cambridge analytica who used the harvested personal data of millions facebook user for election campaign. It was also the cambridge analytica last 2015, if a worker from cambridge analytica did not whistle any of this, facebook could have not known such big database breaching by cambridge.

Too early to talk, to early to judge. Maybe facebook learned a lesson or maybe not. Not just an interesting topic for now.
2166  Local / Pamilihan / Re: [GABAY] Kahalagahan ng 2 Factor Authentication on: November 14, 2019, 04:13:34 PM

Kung hinde ako nagkakamali, walang ganun sa Binance, pero meron silang email mechanism para sa pag confirm ng withdrawal request. Syempre nandun din 2FA nya at Anti-Phising code  feature para sa karagdagang seguridad.

Mas maganda sana kung meron din 2fa sa bawat transaksyon sa loob ng palitan. Kung sakali man magkaroon ito nang ganoong opsyon siguradong mas magiging ligtas sa hacking ang ating akawnt. Pero nakabuntot dito ang katotohanang magiging mabagal ang bawat galaw natin sa loob ng palitan. Pero para sa akin mas mabuti ng mabagal basta nakakasiguro tayo na ligtas ang ating mga pera.

Mas maganda at mas makakabuti nga kung magkakaroon ng 2fa sa bawat transaction pero sa dami ng nagtatransact bawat oras ay hindi maiwasang magkatraffic so baka mas lalong magkaron ng issue sa pagloload ng page. Matagal tagal na ko sa industry na to pero so far wala pa naman akong namimiss or naeencounter na problem regarding dito.

Mas safe talaga pag mayroong ganung feature ang ating mga account dahil mas safe ito at siguradong mahihirapan talaga ang hacker na mahack ang ating mga wallet. At sa experience ko ang Bibox Exchange ay may ganitong feature, Dahil nakapag benta na din ako ng token ko doon.  Kailangan mo muna ilagay ang password mo kapag magbebenta at bibili ng coin.

At siguradong mahihirapan din tayo sa pag trade ng ating coins, haha. Pero sa totoo lang okay na yung ganon atleast safe.
Better to be safe than sorry ika nga, nasubukan ko na rin yung feature na yun sa bibox exchange, may naaalala lang ako doon na after ko ilagay yung password ko as 2fa at pagbenta ko mas mataas yung nakuha ko kesa sa nacompute ko, hindi kaya yun dahil sa price movement at nachambahan ko?
2167  Economy / Goods / Re: Org Shirt... Asking for Suggestions... on: November 14, 2019, 04:01:03 PM
Any other logos shouldn't use on the Tshirt. Only Bitcoin logo is appropriate, and I like the design below Tshirt.



I also support this design, its simple yet so meaningful especially to those who know this forum and bitcoin.

I just have a second thought of wearing this kind of shirt, if its safe or someone will just stabbed you for being a bitcoin hodler.
But if this shirt has started to run in the market, I would love to support it and buy some more.
What they will get from stabbing you?They won't even see the worth of your assets just by wearing it, but if someone does don't blame yourself for wearing it. This shirt is just a representation of being part of this forum nothing more personal or relates with how much bitcoin you own.

I will probably order whenever it will be available but only if they change the side color of the shirt which is orange to a more relevant crypto color, most likely yellow or gold.
2168  Bitcoin / Bitcoin Discussion / Re: China's President Xi Jinping VS Bitcoin on: November 14, 2019, 02:52:07 PM
Cant say about hidden intentions but the message is intended towards blockchain adoption not Bitcoin. I don't think a head of state from china can hint towards adoption of bitcoin at state level. Why would any government allow cryptocurrency (in its original form) to be used as mainstream payment system? Bitcoin along with other CC have a long battle to be fought with governments and centralized financial system before coming into mainstream.
We can't totally formulate about his hidden intention towards this topic but let us not forget what this country and their president is capable of doing things under the mainstream media. China's influence are huge expanding through different prospects from financial, media and weaponry, U.S. can't hide their fear against China but they can withstand. Jinping isn't interested with bitcoin, that's for sure instead they will make a coin for their country, a stable one under their government so it can be handle in any way they want, Blockchain is what we're talking. Large portion of miners came from China, what it tells? Chinese government are open with cryptocurrency. For now we can't talk about what's on Jinping's mind after talking about blockchain, we've known this country for long time, they are strategic about their financial terms.
2169  Economy / Economics / Re: Why Bitcoin is not that good as currency? on: November 14, 2019, 01:45:29 PM
Money needs both inflation and deflation.

Economies always have deflationary and inflationary assets. People often overlook this. Gold, real estate, moat, competitive advantages are some examples of deflationary assets. Inflationary currencies serve as a medium of exchange. They are used for transactions. Bitcoin was created in response to the 2008 economic crisis. It exists and thrives because of quantitative easing, a type of inflating monetary policy.

Bitcoin wasn't created just because of the recession way back 2008, It was created to be a mean of payment taking advantage of emerging technology we also had back then. Bitcoin wasn't suppose to solve recession in a single place and was created to be a currency which we have now as investment coin seen by ordinary people as digital gold. However there are country who talked about their monetary policy in regards with cryptocurrency, Malaysia, whose government wants to limit cash transactions to make a stronger financial integrity.

Crypto just deletes the inflation side of money. That's why it is so dogmatic and doesn't make much sense.
No, cryptocurrency only lessen the inflation side of money. You cannot delete inflation, what happened after cryptocurrency was introduced is that it lowered, it just lowered the inflation.

2170  Economy / Economics / Re: Bitcoin demand in economically volatile countries surges on: November 13, 2019, 05:54:50 PM
I think that a lot of these investors and people that are suddenly entering the Bitcoin scene see it as the only safe haven away from their own country and it's currency.

For example, with Venezuela it has been used as a replacement for their peso currency for years now, their own currency has been unstable since forever and I think it might become a permanent situation soon. Same with Argentina except they are fighting it and don't want Bitcoin to replace their currency. Hong Kong is having issues with China, so that explains it easily.
And this is very telling, even if governments do not want to recognize bitcoin as a currency what they fear the most is that people do because once this process begins to take place they have no way to stop it.

Well actually there is a way for government to stop it, but only from making it illegal and prohibit to use of cryptocurrency under their jurisdiction, that could stop the circulation of cryptocurrency in an area. No one wants to run illegally.  But most probably government would not do it, they would rather change the system than lose their financial stance just because of this, blockchain particularly.

It also makes sense, we see that in countries where the currency and the economy is still strong there is not a need for those people to adopt bitcoin and they keep using their fiat, but once fiat begins to have problems people have no problem trying to find and use other alternatives.
There is nothing wrong about the fiat currency, it just happened that we have a better type of currency to use but is decentralized and no one has the control to it making it vulnerable for mass rejection. But we also delivering solutions regarding this so we can use a partial of the concept of cryptocurrency or maybe a full one in the future.
2171  Economy / Trading Discussion / Re: Beware! You are not safe if you are using facebook! on: November 13, 2019, 05:10:28 PM

I might agreed to some of the members here said that even you warned the community here in the forum, for sure majority of them will continue to use Facebook for sure. And besides, you can still use FB by your code name for now, because so far I am using it now not my real name but only a code name or nickname only.

It's okay to use social media for some purpose, just like to update and in sending message from your loved ones, but do not let it be your diary that almost every details in your life is written there, that everything you are eating, you are going with, you are doing is updated, we should still keep privacy of ourselves, don't let it waste your time. Since I have found out that facebook is not safe at all, I deleted all important details in my account.
This is what will happen if you just checked the policy and terms agreement without reading. There are lots of scandal where facebook gets involved, the greatest so far? is with cambridge analytica that breached the facebook's database, get millions of facebook user personal data and used for political campaign last 2018. Cambridge Analytica was also behind the 2015 harvesting of the same data by the facebook users.

I've been using facebook for about a decade now, My only personal information I put there is my name and educational attainment, nothing more serious.
2172  Economy / Economics / Re: Any ideas of what we lack in crypto world? on: November 13, 2019, 04:39:22 PM
We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
I think "lack of enough Knowledge about cryptocurrency" is the problem we need to solve in order to expand the power of crypto in different countries. I believe that if many people especially those in the government is knowledgeable about crypto ,they will not be against on it and they will not ban crypto instead they will support it because it really helps many jobless people and even to our economic problem.

Let's also take into consideration, why people has lack of knowledge? Because they prefer not to believe in it due to lot of scammers out there, so their mindset has been negative over crypto, which is we cannot blame people.
Considering people who only listens to small talk about a certain topic is wrong. Scam and frauds are caused by careless and greediness from the people. Just take a look at ICOs, ICOs these days are worthless due to untrusted remarks from their investors who got scammed and there are less legit ICOs compared to previous years. What I wanna say is ignorance is the main reason why scam and frauds are still in place. Entering this industry is a choice, No one's to blame here after all.

but if we will just make time for them to check and for us to explain what really crypto is then for sure they will understand it well, we just need to educate them.
As a part of crypto space, you don't need to impress people with your earnings or explain to then on how it works, that is what for people to know and learn if they really want it, Not you.
2173  Bitcoin / Bitcoin Discussion / Re: Best ways of bringing Bitcoin to non-crypto users on: November 13, 2019, 04:12:26 PM
If they get some crypto for stuff they do anyway that's a much better way of introducing crypto / Bitcoin to average people.

and who is going to pay you for things you already do? and what is he benefit in it for them to pay you?!
what you are saying sounds more like one of those micropayment jobs you usually see advertised on the internet which are a complete waste of time and could even infect your computer if you follow their instructions including visiting random sites! they advertise it like "things you already do" then you see you have to do mundane tasks for long hours to make a cent!

One of the examples is Wirex, where you get a cashback for all your purchases with the credit / debit card in Bitcoin. There are other credit cards with cashback systems, but also a lot of credit cards without.
  I know this travelcard that accepts Visa payments. They are offering a seamless spending of fiat and cryptocurrency with their application. What I like about this one is that they don't ask for conversion fee whenever you are trying to pay in different currency like usd to ringgit, usd to hkd etc.


Another example is Lolli, a cashback system for online purchases that pays in Bitcoin.
Beware with cashback system they might not be the best deal you could have, like their partner shop is overpricing than the other and what you are getting as a cashback is just an illusion. Also try not to use a lot of these application, since it is an extension, cookie trail might confuse itself to the point that it can't track the online purchases.
2174  Economy / Economics / Re: Will Blockchain trigger a massive boost in our economy? on: November 13, 2019, 03:01:58 PM
If the government will recognize and acknowledge the advantages of blockchain technology then I think that the blockchain technology will go far in the future. As of now, the governments are still doubting about the capabilities of blockchain because they are scared about the decentralization since they are all about centralization. But I do believe that in the near future, decentralization will be much more favorable in our world.

The majority of countries in the world, especially those who prohibit the cryptocurrency, say they do not reject the blockchain because the blockchain with all its positive supremacy is something that cannot be avoided. But you were right, the government may be scared to adopt a decentralized blockchain because it can't be fully controlled by the government. Based on this consideration, the government prefers to choose permissioned/private Blockchain instead of permissionless blockchain.

Or maybe government is not afraid of what blockchain could give to them and is trying to fully understand how to understand the situation where blockchain is the vital role of the present economy. Government has this privilege not to disclose every information they have to avoid unnecessary conflicts considering internal affairs, and that maybe the reason why blockchain is still on process of adoption.


The government itself is preparing for the application of blockchain technology with several programs including improving the quality of digital services (maximizing internet connectivity and mobile phone penetration) for efficiency and driving economic growth. Simultaneously improving the quality of human resources is also needed so that they are ready to compete. Modernization (upgrade) in all fields, especially the productive sector, in order to encourage the development of financial technology. If the digital economic climate has been formed, innovation is needed between the government, business people & the community to encourage collaboration between start-up companies and program sustainability.
Yeah, I'm slowly seeing the upgrades now, and possibly we could make this faster if private companies cooperate with the government. But there are still problems with the digital system like breached or hacked, in fact there are still exchanges that are having problem with their security (even the top ones). So maybe we could assure the security first before leveling up.
2175  Bitcoin / Bitcoin Discussion / Re: Why only 6.2 percent of American citizens own Bitcoin? on: November 12, 2019, 05:41:22 PM
Hey, 6.2% is not bad at all IMO.  That means there's lots of room for growth.

6.2% of American people is not a small population, we are talking here millions out of 100% that owns bitcoin and that is roughly 18 million people. Let us not factor out the ages or who knows what crypto is, that would be different approach. Amazingly that is already a growth.



I've always thought that the reason most Americans (and most people in general) don't own bitcoin is because they don't see a real need for a replacement for fiat.  The USD is a very stable currency, inflation concerns aside, and American citizens don't feel the need to go way out of their way to buy another currency with their USD simply for the sake of spending it.  That's mainly why bitcoin doesn't get used as a currency.
Given that they have the strongest fiat currency, a stable and mostly used one, another thing is the monetary policy they have. Their government are protecting their citizen from fluctuation and volatility from cryptocurrency.
2176  Economy / Economics / Re: Malaysia to Limit Cash Transactions in 2020 on: November 12, 2019, 02:26:22 PM
Indirectly as a tax monitoring tool, with non-cash transactions, the possibility of tax avoidance will also be smaller. Why? Non-cash transactions make more money deposited in banks than elsewhere. Thus, tax avoidance is increasingly difficult.

Capital controls may be part of the rationale too: Malaysia central bank governor wants option of capital controls

Monetary policy such as capital control is not that needed for the moment since Malaysia's currency is not at risk, not even on edge to weaken its value. Some Malaysian economist already spoke about this saying that it is "premature" to be an option for now which is totally true.

They want to pull cash out of circulation. It's too easy to smuggle out of the country and dump on the offshore forwards markets, which is exactly what the central bank is afraid of. They are becoming increasingly worried about a financial crisis and the associated effects on the Ringgit.
Financial crisis is unlikely to happen unless Ringgit decline significantly. Putting digital currency on your country is a big challenge knowing it is more volatile than fiat currency, even having a limit like 50% cash and 50% crypto, still Malaysia would not be able to fully regulate it and will face future problems that associates to it. And isn't cryptocurrency are easier to dump? If I were the governor I would really find an alternative solution if they really want to limit cash, everyone can adjust and concrete.
2177  Other / Meta / Re: Open letter to bounty managers on: November 12, 2019, 12:42:02 PM
I think the number of post is not a problem but I like the suggestion to lower the minimum so people will not be force to post just to hit the quota.
  I still don't know why these people are keep complaining about the rules for bounty, If you know you can't keep the work on your job why did you apply then? As far as I know bounty managers are not responsible on the campaign rules, they are just based on forum rules which abide the the rules of bitcointalk. They are on staking, checking and reporting.


Let's get real here, we know there's a lot of bounty hunters that are just posting non sense just to pass the requirement weekly so they can get a stake, so I think the process should start in the selection process, bounty managers should give time to to do a manual selection process.
Having that said, manual selection process will take a lot of time to do since there are approximately a hundreds of bounty hunter in a single campaign, even a thousand if it is known and big campaign.
What could be an effective solution is that general ruling for campaign should be, participants must scatter their post on different sections making the signatures appear on every sections. It is an eye sore seeing the same poster just right after the thread you've read into talking about nonsense matter.
2178  Economy / Economics / Re: The future of banking industry in blockchain on: November 12, 2019, 10:58:16 AM
Hey.
Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list.
They're also described successful cases of using blockchain in banks (if you're interested - here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course).

Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain?

Small banks will find it difficult to keep up with the big ones, but I'm sure they will follow the wave and also make way for them to progress. Because if they do not keep up with the wave the big banks may now be able to cover them and this may even cause small banks to collapse and close.
It is not because small banks find it too difficult for them to keep up with the highly named banks, they are just being careful with the emerging capabilities of cryptocurrency. Just take a look at Silvergate Bank and Metropolitan bank, they could have taken the use of cryptocurrency first or even did what the JP morgan does to its system, but what they did is wait the bigger one to have a less effect on them whenever it stumbles. You're right, small banks are easy to collapse with careless move knowing they have huge walls on their environment.
2179  Economy / Trading Discussion / Re: 5 mistakes every crypto trader should avoid on: November 12, 2019, 10:34:10 AM
Yes you are right. I agree on all of you knowledge sgare but I think you forget the most important thing that every traders will not to do that is too much greed. All we know that when we think as a greedy we cannot think well so we will have a wrong move or decison that will affect our investment or worst it will the reason of your loss.
Greed is the cursed human emotion that will never help you in taking any right decision because it overpowers all other senses. What I believe is that greed within limits does not make any bad impact but when it totally overcomes your all other emotions, the major problem occurs then. To avoid all this mess, the best solution is to set your goals regarding profits and cash them out with little differences.
It sometimes will be considered as a curse if we never control it. It is to know that everyone has this kind of attitude, yet some of us never been dictated by their greediness and just put into at ease. This is what we should have to do otherwise it compromise our self in the future.
Greed has become one of the trader's ultimate enemy and great attitude depends on a certain circumstance in terms of decision making. There was probable future gain or less loss on your part but greed already taken the mind of you to decide. Nevertheless, it is still on trader's strat how to deal with the market situation, it's a win or lose game anyways.

The most common failure/mistakes of traders is not about greediness but because of their emotions which it absolutely affects their decision leading to a miserable trading life. 
This is what I always think of, the emotion that should be put aside when trading giving the most of your critical thinking on playing with trading. Not just emotion but all the factors to affect your trading style and decision making should be put aside.
2180  Economy / Economics / Re: Any ideas of what we lack in crypto world? on: November 11, 2019, 05:44:03 PM
It's been proven that the government action toward crypto can shake the market, with that, I think its necessary to adopt with their system and to make this market a fully regulated one. This would reduce the scams and people will be confident in using crypto.

For most part of this regulation there will be less substantial changes in the market we have right now. Regulated cryptocurrency system would just make itself the same as fiat currency, so what would  be the advantage of using it? Thus, making a fully regulated market is far from what I am seeing now.

I understand that originally its created for decentralization purposes but we can't erase the fact that we are all under a certain government, regardless of where we are living.
The word decentralization speaks itself. Giving the financial authority to the mass, regardless of what country you are as long as you are under legal process there's no thing to worry about.
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