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1121  Bitcoin / Bitcoin Discussion / Re: We don't do it in Bitcoin! on: October 19, 2020, 06:12:50 PM
Quote
Indian airport authorities literally struck gold when they spotted a man walking oddly — and discovered he had about 2 pounds in bullion shoved into his rectum, according to a report.

This is really disgusting when I first saw the headline of this news. Honestly, it's my first time to hear a news like this, since I thought I this is only happened in movies (some of in the movies are illegal drugs) or some happened in real but not gold.

Recently, this news became a little trend everywhere where they compare Bitcoin with Gold on this kind of situation, we all know Bitcoin is intangible, where it is not a physical. Since when you do it on Bitcoin, you don't need some physical things to shoved in your rectum or in any of your body.

What can you say about this?

No, this actually happens very often. From my country when things are normal (no pandemic) it was a common occurrence, a LOT of so called "mules" eat pure cocaine enclosed in latex glove fingers cut and sew. Sometimes these "fingers" break inside during the flight and kill the mule.

This smuggling method is also often used in prisons... I'm not sure if the TSA could catch it with their full body scanners, but since that's an American thing, people traveling from other countries, especially from the typical source - target destinations ie. South America to North America or Europe, often (but not always) with connection flights in a third country. Of course this is not the only way the cartels smuggle things in, but its a method they still use.

The guy was probably discovered because he would exhibit the same odd behavior drug mules often do.

Was someone still saying gold was better than bitcoin? In the physical realm, you always have these problems. Besides Bitcoin never moves, its always in the same place, it is you and your keys that move. The current legislation to restrict the flow of capital make no sense when there is no flowing going on at all. This is truly a world currency.
1122  Bitcoin / Bitcoin Discussion / Re: Did bitcoin lose its value? on: October 19, 2020, 05:56:17 PM

Did bitcoin lose its value?
In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.

No, but the effect is not instantaneous. Bitcoin moves on its own regardless of the fiat space, tho in theory you are trying to assign a "value" in that very fiat that loses value every year per design. Now that the current administration is printing "a bit more than usual" its stressing their system to the point it might collapse and enter a hyper-inflation spiral. You just cannot expect to increase the amount of fiat and think everything else will be valued the same. If there are more dollars, things just cost more.

But again, the effect is not instantaneous, it can be slow to start. However, once it starts, it can be hard to stop. Maybe they have some contigency plan to burn dollars, but that would put them at risk of deflation, something they are even more scared from. due to their incomplete economic education, solely based in the Chicago school, or maybe even some keynesianism. The whole current financial system is a product of that, reserve banking, credit expansion, bubbles, crashes, all of it could be solved easily by following the Austrian school of economy teachings, which among other things, does not believe in money losing its value over time as a means of progress (debt based economy vs savings economy).

Try to see, how many cans of tuna can bitcoin buy, or cars, or whatever. Purchasing power can often explain things better. You could use it against gold if you prefer. Trump is playing with fire, lets see if he enters the history books as the one to finally destroy the USD.

I guess America needs another shakeup like the housing bubble crash that brought us Bitcoin in the first place. Sadly these things cause a lot of grieving, but there you have it, politicians and institutions have the power to destroy all your wealth overnight. Bitcoin is the only solution.
1123  Bitcoin / Development & Technical Discussion / Re: Segwit Adoption. I looked at some data, and we are not there yet. on: October 19, 2020, 05:45:16 PM
There is no reason to use legacy. I have been using bech32 nearly since it got added into Electrum. The incentive is there, you pay a tiny little bit less in transaction fees. Could this be some exchange that keep being the bulk users still with outdated systems in place? Maybe the pools as well?

Well usage is voluntary, same as LN; but personally i see no reason to keep using legacy or P2SH addresses. And yes, P2SH pays a bit more than bech32, so don't use the excuse that its "the same thing" and move everything into bech32. You will appreciate it the next time you move funds from a bech32 address, its cool and it works.

Motivation

For most of its history, Bitcoin has relied on base58 addresses with a truncated double-SHA256 checksum. They were part of the original software and their scope was extended in BIP13 for Pay-to-script-hash (P2SH). However, both the character set and the checksum algorithm have limitations:

  • Base58 needs a lot of space in QR codes, as it cannot use the alphanumeric mode.
  • The mixed case in base58 makes it inconvenient to reliably write down, type on mobile keyboards, or read out loud.
  • The double SHA256 checksum is slow and has no error-detection guarantees.
  • Most of the research on error-detecting codes only applies to character-set sizes that are a prime power, which 58 is not.
  • Base58 decoding is complicated and relatively slow.
1124  Bitcoin / Bitcoin Discussion / Re: "10 Reasons Bitcoin Is A Terrible Investment" - A pathetic attack against BTC? on: October 19, 2020, 05:26:54 PM
So, the author of this "article" is a long known Bitcoin basher, for no particular logical reason, except it might be a popular read to sometimes bash something popular and some "journalists" actually live from that...

The true title should be: "10 Reasons you cannot trust anything written by Motley Fool".
1125  Other / Off-topic / Re: Nikola Tesla - One & Only on: October 15, 2020, 09:46:42 PM
his investions are not business wise. he only planned to distribute his wireless electricity for free. whose going to earn from that? this is why his project was not supported. its ideal but the investors weren't happy about it. the guy is genius that its been said he talks outside to aliens lol thag he uses doves to send messages. i watched his documentary.

No, because that electricity wasn't very strong or useful for anything but hurting everything alive after a prolonged exposure. This was never about "free" electricity, more like you getting zapped was an unfortunate side effect of brute forcing global communications by artificially making lightning. You do know every tiny little lightning in the world is picked up by sensors worldwide nowdays do you? This tower was just a crude version of it.

Because its so wasteful, it also happened to electrify YOU, as in YOUR BODY. Americans are even scared of using an electric heating element attached directly in the shower head, which by the way is known in South America as Corona shower. The little tingling that produces while you take a shower would be tame in comparison if this thing was deployed. And besides, that would have harmed the advancement of electronics, it was mutually exclusive with many more important developments.

It was sensible to stop it. As many great ideas he had, not everything he made was useful. In the late 19th century, before electronics it kinda made sense, but not soon after. Oh this would have also polluted the radio spectrum too... And if you are worried about radio waves crossing your body, this would have been many orders of magnitude more invasive. I suppose people would have to stand on wood all the time or something, as touching the ground would give you a "tingle" if this was in use...

So no, leave the fantasies aside and accept the reality; this particular idea was wrong but he refused to let it go. What remains a mystery is why the thing burned, possibly sabotage, possibly the nature of the dangerous thing. Still communications thru electricity discharges was not meant to be. And i just cannot imagine how much power each tower would have required anyway.

To Tesla we have to give the credit of the invention of alternating current, for generation and motor motion. Anything that spins transfers energy much more efficiently this way, and long copper wire distances are not a problem unlike with dc that required a power generator in every block. For good or worse Tesla was obsessed (among other things) with 3, This was the perfect number for him and everything had to be perfectly divisible by 3, hence you see 3 phases but not 4, while that is technically possible to make. Also he wanted households to use 60Hz/240v, and if you sum that gives 300, perfect.

(Turns out America does this, but they added a tap midway of the transformer coil to get 120v out and be able to use the already many electric devices made for the 120~100v DC system). Weird, but ok.
1126  Bitcoin / Bitcoin Discussion / Re: Russia blocks localbitcoins on: October 15, 2020, 07:38:51 PM
Well if i was in Russia i would be looking to have tor working using obfs4. A vpn may work but can ultimately be blocked.

Why would a gov want to block exchanges? maybe to impose silly restrictions like you can only buy 8000 USD equivalent of bitcoin per month. The foolish politicians think they can force their outdated thinking to something that is simply beyond their control.

Sad news for Russians, but be smarter than your gov, i know you can do it.

We, the people of the world, are oppressed by the State, some a bit more than others, but oppressed none the less. Bitcoin is freedom, and they hate that, politicians want to dictate what you eat, what you watch, and what you do. Its in their nature, therefore you have to be ready to counter it.

Bitcoin is the end for the State meddling with the money itself (everyone's wealth). They cannot enforce this, there will be resistance. The Russians are no fools to technology, unlike their politicians. Perhaps the Ruble is on free fall, which would explain this absurd attitude, and this is the signal to get rid of it asap.

Also it is a good opportunity to petition certain sites to be friendlier to freedom enabling technologies like tor, do not treat tor users like abusers, many people use it precisely to reclaim their freedom. You can stop abuse without disabling tor access entirely.
1127  Bitcoin / Bitcoin Discussion / Re: The mining paradox on: October 15, 2020, 06:36:51 PM
So, is crazy to see people investing in farms of 10k or 20k miners knowing they will get obsolete in a short period of time.
Once you've paid the upfront cost to buy and set up the miners, they only become obsolete when the electricity cost outweighs the bitcoin income they generate. Given that a lot of farms generate their own renewable energy, which essentially costs nothing (again, after the initial set up cost), then these miners will continue to run until they fail and are no longer economical to repair.

Like i told you before, the only way bitcoin would reach 100k this quickly is because of the USD collapsing, not bitcoin suddenly becoming so valuable.
I never said anything about bitcoin reaching $100k quickly. It's got decades to reach that level.

You think a hundred years is too far away but Bitcoin is already becoming unprofitable to mine, and the reward becoming so low most people will just stop doing it.
And yet, hashrate continues to hit new all time highs every week.

So its not a 100 years away, its a decade at most. Most bitcoins have already been made.
In a decade the block reward will be 1.5625 BTC. Given what I said above, that just last year miners were quite happy to mine with a block reward of $37,500, we only need bitcoin to be $24,000 for the block reward in a decade to be higher then it was back then, and that's not even counting the profit from fees which will be 8x higher at $24k than they were at $3k. I don't think $24,000 in 10 years is at all unrealistic.

This is reasonable, but it doesn't mean its "that" profitable. It might remain technically profitable for years to come, just not in most countries. And of course, if you already have "free" electricity, it remains profitable as along as the scale remains small, otherwise you may never see the ROI from investing in a large renewable installation unless its combined with you selling clean electricity to a factory or something.

This is nearly the last chance, and yes hashrate is rising like crazy. Some may consider it the last swan song. This action in itself is pushing more miners out of the game, and eventually themselves (the whale miners). Who remains? The smaller ones who can use free electricity or have some other business keeping the mining because the owner wants to, for example a power plant.

We know by Jan 2021 those 2000 S19s Bitmain promised to his 8000 units client will be delivered. What do you think the difficulty becomes then? And profitability? The guys working on margin will just stop, as it has been happening all these years.

This is like the peak oil theory. It not an on/off switch, it happens gradually, but it DOES happen. In fact its logarithmic, but i wont deviate.

So to remain "profitable" (while still paying the grid) your Kw/h will have to be 3¢ then 2¢, then 1¢, then 0.5¢, etc.

Yes, its possible to find gold in an asteroid, but not bitcoin. In a hundred years a lot of things may happen... How about using energy to make gold?
1128  Bitcoin / Bitcoin Discussion / Re: Why Billionaires Are Suddenly Buying Bitcoin on: October 15, 2020, 06:16:24 PM
A review of billionaire CEOs and Hedge Funds that decided to buy Bitcoin in 2020 and the reasons why the decided to do so

Hmm maybe they got a clue from reading Bitcointalk? Cheesy

Or more likely there is a domino effect, after watching the likes of Square getting involved, they may have a mini "FOMO" that could be feedback looping themselves. I mean, the current administration is printing like there is no tomorrow, what could possibly go wrong?

As long as politicians/institutions have the power to abuse, they will.

Bitcoin is the best way to preserve your wealth in case the things that seem to be looming in the horizon do happen. And remember, if the USD falls, the EUR and other fiats won't remain unscarred. It'll be called "The monetary crisis of 202n" or something like that, and there will be pretty documentary like movies like "The Big Short" for the "Housing Crisis" of 2008 (which triggered Bitcoin's creation in the first place).

In other words, even some of them, will eventually learn the reason of existence for Bitcoin was precisely this.
1129  Bitcoin / Pools / Re: [∞ YH] solo.ckpool.org 2% fee solo mining 256 blocks solved! on: October 15, 2020, 05:58:45 PM
As far as i know, there are only two valid URLs:

stratum+tcp://solo.ckpool.org:3333
stratum+tcp://rfpool.org:3334


There was a "denode" uri but seems to have gone down.

The Worker field is just the bitcoin address in case you hit the jackpot, you could optionally add the .workername if you want to distinguish the rigs by name, eg:

1PKN98VN2z5gwSGZvGKS2bj8aADZBkyhkZ.MyAsicName

Well according to https://solo.ckpool.org/ there are also IPv4/6 domains solo4.ckpool.org solo6.ckpool.org which i guess may be useful to force one over the other in case of a dual stack situation (or have both in case? but solo.ckpool.org should be enough i think).
1130  Bitcoin / Bitcoin Discussion / Re: Electrum update: A trader lost 1400 BTC on: October 15, 2020, 12:30:46 AM
I'll say more: the windows version of Electrum should be removed. If you cannot bother to learn using a proper os like Linux, you shouldn't be messing with Electrum, let alone moving those quantities of money...
I agree with the rest of your post, except this one line. Most people won't use anything other than Windows or maybe macOS. Given that Windows is spyware, I would suggest no one should be using it at all, but we both know that's never going to happen. If you take the option of a desktop wallet away from these users, they aren't going to go to the effort of installing Linux - instead they will just use a web wallet, which is even worse.

I doubt they'll remove it, and there always will be someone doing unofficial compiles of it making it even worse. So its not like i actually expect the Electrum people to do it, but yes i wish they did put some giant red letters warning people to stop moving money with windows.

Of course you are not going to agree, or the world would already be different. People want to be robbed of their money by using the OS they like playing games with instead of learning something else. And while the user and the os have most of the fault, its always Electrum getting the short end of the stick. They mention Electrum in the headline (or thread topic), but they don't mention the foolish user doing foolish things windows users usually do. Its Electrum, and sometimes Bitcoin, the source of all evil, because with the banks this would never have happened...

See, the naive politically correct logic doesn't really apply here. Stay away from windows if you value your money, and learn using cold wallets already.
1131  Bitcoin / Bitcoin Discussion / Re: Former P&O Cruise Ship now named 'Satoshi' on: October 15, 2020, 12:13:03 AM
Well this is a bit better than the other concept of sea stead with a home that can't move very well on its own...

Except they are providing the small cabins for people to live in them permanently. Yes you should in theory do your eating using the ship's restaurants, it should be similar to living in a hotel or rather a building with small apartments?

The ship is 30min away from land. Not sure how well that goes for someone who needs or wants to do something not available in the ship. For certain type of lifestyle, say, a non family, single internet focused person, it could be more than adequate.

Panama does have a bit more lax laws. At least the famous Nordvpn is headquartered there for that reason; but its not like the USA hasn't bombed Panama before (last time 1989). I guess if the situation ever deteriorates they can always move the ship, assuming its engines are in working condition.

For foreigners, living in the tropics even if inside a cruise ship, might be appealing. The weather is essentially perfect all year around, sometimes it rains a bit but that's about it. It never gets cold to worry about winter or heating.

Since this ship is (now) registered to a port of Panama, for all intent and purposes, the laws of Panama apply. And I'm guessing this includes immigration law; which shouldn't be terribly problematic for people coming from wealthy countries.

Does this sound appealing to you? They do accept bitcoin, but its nor like they reject fiat. Renaming the ship "Satoshi" makes me wonder if they wanted to appeal to bitcoin holders at the last minute?

It might be even better to just buy an apartment on land, and you could choose from many other places in the Caribbean, some are even english speaking countries (or French or Dutch if you prefer). Did you know that Barbados is friendlier to Bitcoin than Panama? You can also literally purchase citizenship in Antigua & Barbuda (using Bitcoin!) for USD 200k, or invest 400k and get the citizenship plus (eventually) your money back.

I mean its not a bad idea, it might be even better if they actually moved the ship around, like an actual cruiser, around the world. Satoshi is actually just a japanese common name, but its obvious they want to attract bitcoin holders, maybe people wanting to live their gold retirement in the tropics...



According to google,
Lamborghini price range $200K - $5M.
Cruise ship price range $200M - $400M.

So, we should say "WHEN CRUISE SHIP?", instead of "WHEN LAMBO".



"The cabins are priced between $25,000 and $50,000"
is it the starting price for the auction or the range of the expected price?

Hmm boat cabin in the tropics, or a Tesla Model 3... Decisions, decisions...
1132  Local / Español (Spanish) / Re: Gobiernos con el pensamiento de comprar Bitcoins on: October 14, 2020, 05:03:23 PM
¿Qué opinan ustedes, creen que los gobiernos compren bitcoins en un futuro muy cercano?

Ya es tremendamente difícil hacer que el común de las personas comprendan Bitcoin, tras mas de una década de historia aun persiste muchísima desinformación e incluso calumnias de algo que sencillamente no entienden y temen solo por ser distinto a lo que usaron toda su vida.

Los gobiernos suelen componerse por grupos colegiados. Miren como ha sido de complicada la legislación sobre Bitcoin en el mundo, muchos han adoptado actitudes negativas, con excesiva regulación o incluso prohibición en algunos casos.

Y para que se tome una decisión como esa, hay que convencer a varios. Los políticos que suelen llegar a esos puestos, no suelen venir de una juventud ágil y vigorosa. Son el típico Trump que tiene toda una vida y fortuna realizada y no ve nada útil en lo nuevo.

No digo que no pueda ocurrir, es que en muchos lugares va tomar mucho tiempo, demandando incluso el reemplazo generacional de los integrantes de dichos gobiernos.

Paradójicamente la excepción sería en un gobierno autoritario donde, por algún motivo, se convenza a la cabeza, al monarca o dictador que de una orden ejecutiva y se cumpla sin mas. Porque no hay que hacer lobby convenciendo a medio mundo ni teniendo que ofrecer cosas a cambio...

Pero lo opuesto también es cierto, si el gobernante forma parte de la mayoría antes mencionada, se opondrá hasta que salga del poder.

En este momento mover reservas desde fiat a bitcoin sería una movida muy pero muy inteligente, el problema es que se van a tardar décadas en entenderlo, y para entonces podría ser demasiado tarde. Supongamos por ejemplo que el dólar americano se desploma, la reserva internacional de muchos países está en esa moneda y su poder de compra caería con ellas.

El oro y el bitcoin se mantendrían. Pero el oro cuesta mucho obtenerlo y custodiarlo, mientras que Bitcoin podría salvar a un país de sucumbir en la siguiente crisis mundial. De momento, no podemos hacer mas que enseñar a individuos, y dichas acciones podrían salvar tal vez no países pero si personas e incluso grupos familiares.

Lentamente saldrán testimonios así: "Vino la crisis, y todos en esta comunidad se fueron a la pobreza, pero una familia pudo sobrevivir. ¿Que hizo? Movieron a tiempo parte de sus ahorros a bitcoin". Y algún político dirá: "ah, como que ese Bitcoin no eran tema de hackers y traficantes, Deberíamos revisar nuestra actitud hacia él, hubiéramos tenido parte de nuestras reservas en bitcoin...".

Algunas cosas lamentablemente, solo se mueven con el tiempo. Como cuando un científico se atrevió a decir que la Tierra giraba alrededor del Sol y le obligaron a retractarse públicamente, a pesar de que el tiempo y los avances demostraron que era la verdad.
1133  Local / Español (Spanish) / Re: Lista blanca: nombre de dominio igual o parecido. on: October 14, 2020, 04:37:13 PM
¿Es un respaldo por si algo pasa aquí, o es de intención maliciosa?

Para lo que dice OP como título de este hilo, realmente si se habla de listas blancas ese asunto de las direcciones "ligeramente distintas" no son un problema. En todo caso lo sería para las "listas negras".

Supongo que hoy en día se debe usar el lenguaje políticamente correcto de "listas inclusivas y exclusivas".

En las inclusivas (blancas) se define la lista de sitios a los que se tiene acceso. Obviamente si en la lista aparece bitcointalk, no aparece bitcointalksearch. En la exclusiva (negra) es el caso contrario, solo se bloquea lo que se define, por ejemplo bitcointalksearch pero no bitcointalk2.

La lista inclusiva (o blanca) se puede usar por ejemplo para que un menor de edad tenga acceso a internet limitado a las páginas aprobadas por sus padres. Cada página debe ser manualmente añadida en esta lista, sin dejar acceso a ninguna otra. Así que da lo mismo que inventen b1tcointalk o bitc0intalk, no son parte de la lista inclusiva, no accede. Y si yo se que hay ejemplos mucho mas sutiles con unicode, ahora que se permiten direcciones de dominio en unicode... Da lo mismo, si no está en la lista, no accede.

El phishing tiene éxito es en el caso de la lista exclusiva (negra) o cuando no hay filtro alguno. Ejemplo harto conocido en este foro son las carteras falsas de Bitcoin, como las que se hacen pasar por Electrum; pero existen de todo tipo y ámbitos. Ahora con las firmas y el https se ha mitigado un poco, además algunos navegadores mantienen una base de datos de sitios maliciosos pero siempre se debe estar alerta.
1134  Local / Español (Spanish) / Re: El director técnico de Ripple vendió 40,000 Ether por solo un dólar cada uno on: October 14, 2020, 04:11:33 PM
A ver, si en 2012 los eth costaban $1, los hubiera conservado hoy serían 379 veces mas dólares, es decir en lugar de $40 000 tendría $15 millones de dólares.

PERO, si en 2012 compraba bitcoin, a $10 con esos 40mil dólares, tendría 4000 bitcoin. Y hoy 4000 bitcoin son nada mas y nada menos que 44 millones de dólares...

Si, pudo ser peor. No olviden que el par de pizzas costaron 10mil bitcoins, que hoy serían 113 millones de dólares.

La buena noticia es que esas extravagancias con el tiempo no hacen mas que encoger. Esas gigantescas ganancias eran posible al principio, ya no. Ahora estamos en la etapa de madurez, en lugar de gran ganancia a corto plazo, lo que bitcoin te da es un medio para preservar la riqueza, ante el posible colapso de las monedas fiat a nivel mundial.

Como un artículo reciente que vi: 22% de los dólares americanos en existencia se imprimieron en 2020. Y los de mi país sabemos muy bien a donde puede llevar eso. Si, puede que la economía americana sea mucho mas fuerte y el hecho de que casi todo el mundo (ciegamente) use al dólar americano como patrón les otorgue cierta flexibilidad, pero todo tiene su limite...

Ningún político, institución pública o privada debería tener el poder de jugar con la riqueza de las personas así. Si cae el dólar arrastrará las otra fiat y entraremos en (otra) crisis mundial "sin precedentes".

En realidad los ciclos de burbuja / estallido son inherentes al sistema económico imperante. La única forma de salir de esa trampa es aplicando las enseñanzas de la escuela Austríaca de economía, y salir de los postulados de la escuela de Chicago. Pasar de la economía de la deuda a la economía del ahorro, y de las monedas inflacionarias al valor que preserva su poder de compra en el tiempo...
1135  Other / Off-topic / Re: Nikola Tesla - One & Only on: October 14, 2020, 02:51:58 PM
Not sure about a "Death ray", but surely it would have been unhealthy to keep those things running around. If being close today to microwave radio towers (or powerlines) is considered harmful, just imagine with these things literally electrifying the whole world... Well it might be "Death" to all in slow motion i guess? I can imagine the comic book writers of the day had a lot of fun with such a real life inspiration. Yeah i know its low current but still, things like computers could probably not even work unless enclosed in faraday cages.

So i imagine he planned to time them in some way to "move it"?, doubt he would have pulled it off. Project Philadelphia?
1136  Other / Off-topic / Re: Nikola Tesla - One & Only on: October 13, 2020, 11:37:57 PM
Actually people confuse fantasy with history. What this tower would have done is a crude way of worldwide communication. Electricity does not travel efficiently by air. His previous experiments could light some bulbs wirelessly but start trying serious loads and it just can't cope with it, at the heavy cost of electromagnetic noise all over the planet.

It is a matter of efficiency, its just too inefficient. Even modern wireless charging devices work across short distances. When you use a Tesla coil and make a light arch touch the target, that is actually even better than current wireless methods, but, with the high voltage required its terribly inefficient.

You know what they say: raise enough voltage and "anything" is a conductor. Doesn't mean its an efficient one.

He was only awarded the patent for the invention of radio (probably because of the remote controlled boat the navy didn't care about) after his death. This tower, wasting tons of electricity, could have produced a spark that could be detected anywhere else on the planet. His idea was to have various of these around the world for communications. Because of its inefficiency, it happens that this kinda "static like" charges the whole planet in the process (not very environmentally friendly that). Also it charged ground, so your equipment won't have a safe path to discharge things into (no ground, 0 reference becomes non zero).

It was theorized that this could be used in the modern world for a very crippling attack into modern infrastructure. Thankfully nobody ever tried to reproduce the experiment, but there is a rumor the Soviets at some point tried but was detected.

This came because of an earlier experiment he did with a large Tesla coil where he discovered the time it took for the electromagnetic wave to travel all the planet and back, and carefully timing it to coincide with the return to send another one so they could be amplified. The little experiment is said to have charged things around, with trees giving sparks and some light bulbs spontaneously giving light, but you know what else happened? He overloaded the power generator of the whole town before managing to go much further. Because this was incredibly inefficient and wasteful compared to using a copper wire. AND he was the one who perfected transmission of electricity by wire, the alternating current motor and generator...

And yes he invented those peculiar high voltage coils which is why they have his name. Go into youtube and listen to pretty music played by them, i bet not even Tesla imagined they could be used to produce such perfectly reproduced sounds.

1137  Economy / Services / Re: [Open] ▄■▀■▄ 🌟Bitvest.io🌟 - Plinko Sign Camp (Member-Hero Accepted)(New2) on: October 13, 2020, 09:07:29 PM
Thank you CryptopreneurBrainboss and Lightlord for always doing such a great job and always paying as promised.

I will be leaving the campaign, hope someone enjoys my current position, good luck to you all and take care.
1138  Bitcoin / Bitcoin Discussion / Re: Bitcoin Not User Friendly Yet on: October 12, 2020, 04:36:23 PM
Bitcoin Not User Friendly Yet


Hello everyone. For all of us who are very pro Bitcoin and other crypto.
We all look to the day that more people use it and accept it as daily use.

However we are far from that. One thing that I am finding is Bitcoin is still not user friendly enough.
Many people even who are young like 25 and under and even over 25 etc. Are not tech knowledge or financial educated enough to understand.

I am thinking that even the apps out there are still confusing for people to use.
Sure many people may own a mobile phone but many do not understand how they work.

Therefore many people do not understand Bitcoin and seems too complicated still.

What are 5 things you think are needed to make Bitcoin more easy for people to use.

More less they can use and move Bitcoin without really being mindful of what they are doing in a transaction.

Thoughts

You are mistaking wallet user experience with a whole technology, that is mostly transparent to normal life. Your user experience is determined by the wallet you use. The millennials should have less trouble using an app to pay and get paid, its some of the old dinosaurs that need their physical bills and coins and not newfangled electric thingies to move money around...

Things to do: Nothing, Bitcoin is fine the way it is. If anything LN made it a bit more complex, but you can ignore LN entirely. Else, if you have an issue with YOUR user experience, then you have something to tell to the developers of the wallet you used.

Bitcoin has nothing complicated. You just send money to an address, there is nothing more to that. Maybe you'll want to remind your users that all transactions are FINAL, this is no paypal, wiretransfer or credit card, you cannot revert a transaction. But you could use a mutually trusted escrow.

You may also choose to pay less in transaction fees if you are willing to wait a day or so, but most wallets don't even show you that part unless you delve in the settings. Unfortunately this also leads to the misconception of Bitcoin being "expensive" or "slow", when its actually your wallet deciding for you (or the service you are moving funds from).

Most of these things are not even related to Bitcoin but the use of virtual currency. If you live in a country with an excellent super strong fiat, you are probably too spoiled and used to just fork cash for anything. If you live in a less blessed place, you are already quite familiar with using electronic means, trust me, there is no cash with hyperinflation, just crazy online banking. I feel for the poor souls that lived the Pengo one under communism, but history says people just used things like cigarettes or liquor bottles as a means of exchange. Today there is Bitcoin...
1139  Bitcoin / Bitcoin Discussion / Re: Bitcoin "mining cartel" (centralization power) on: October 12, 2020, 03:33:41 PM
This is why regardless of what you are thinking, Bitcoin will remain; with or without support. It exists not thanks to governments, central banks or financial institutions, but in spite of them.

I have no doubt that Bitcoin will survive, as long as there are people who see something valuable in it and of course as long as there is the internet that is necessary to be able to do transactions and mining at all. If we have concluded that no one can destroy BTC literally, can we agree that it is possible to cripple it quite a bit if, say, a powerful country like the USA at some point decides to become completely hostile to it?

Let’s not forget that the US has the largest crypto exchange, almost 90% (approximately) of all existing crypto ATMs are there, and the companies currently in focus (MicroStrategy & Grayscale) are also US companies. Also say that Bitcoin exists without the blessing of governments and their financial institutions is not a correct assumption, because if it is so why Bitcoin is not accepted at the same or similar level in other countries of the world?

It is completely wrong to ignore the power of the governments of the world’s most powerful nations, a single piece of paper on which the world’s most powerful people would put their signature would be far more devastating than any attacks on the web, miners or exchanges.

Yes it may be crippled but not destroyed. I didn't say they can't harm, just that they can't destroy it. Those are two separate things. At this point i don't think the US would go hostile, but other countries like Russia, China are doing damage. And yet, their population finds their way. China is the largest bitcoin user which is ironic as its semi-banned in there. Main reason is of course that bitcoin lets the "new" rich elite class to bypass the idiotic gov restrictions to the economy, such as moving your wealth around.

Now the US would be fools to cripple this freedom enhancing tool. In fact their heavy regulation to it seems to fixate their attitude about it, not bad but not good either. At least they don't throw people into prison for having or using bitcoin, you are supposed to voluntarily surrender your privacy to them. To what amount people will do that? We will never know, but i doubt EVERYONE will ever disclose ALL their funds. I think the gov should stick to taxing sales if you are going to keep an old fashioned State running. You may be able to track every bitcoin, but you can track the inventory of (physical) goods.

Govs going hostile to bitcoin can even potentially increase its price, its the scarcity and demand thing all over again. It could even rise its popularity even more by sort of Streisand effect (ie: "if the gov bans it, it must be good")

OP is implying that at any time any country can make Bitcoin disappear overnight, this is simply not true, no single gov or even coalition of countries, can pull that. Like the internet, Bitcoin was made to survive under adverse conditions. Current conditions not only are not adverse, but globally in favor.

Also, there is an economic weight. Any country that bans bitcoin, is saying "no" to an extra source of wealth. People who want to do business using Bitcoin will simply take their money elsewhere. For example if you have 3 tropical Caribbean islands with similar resorts/services, but only one of them accepts bitcoin, where will you go? Its that simple. Deny Bitcoin, and you deny extra income to your country. Great job politician...


10 years later this is the current state of Hashrate distribution among the different mining pools in the last 4 days. How is this anywhere near mining cartel centralization?



Hashrate distribution over the last 3 years. Notice how Unknown mining pools have been on the rise in 2020

Yes but aside from Slush all those pools are Chinese. This is what they mean, based in the currently fashionable American official policy of blaming China for their own mistakes, that at any moment, those Chinese pools may collide and do "something" harmful.

There is no need to do anything, as mining becomes more unprofitable, China is also becoming too expensive to mine there, the "problem" is fixing itself. Some large miners are already moving their operations around to cheaper rate lands while others simply shrink or move into another business with the money they made. Of course as the Chinese miners reduce, so will their pools.
1140  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM installed at Elon Musk’s Tesla Gigafactory on: October 12, 2020, 03:13:19 PM
Yes, actually he and another guy wrote the paypal app. For the milenials, paypal was an app for a device that predates smartphones, called a "pda", which themselves were an evolution of pagers (text only messaging device).

So what paypal did was enable palm users to send money to each other using this app. This was bought by some larger company and that is how Elon make his initial fortune, which he decided to use to "advance humanity" rather to solely burn it for his own pleasure as most people do when they get rich.
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