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Showing 20 of 290 results by Paleus
Post
Topic
Board Economics
Re: Money As A Social Construct
by
Paleus
on 10/05/2025, 21:38:48 UTC
What is your point?

money makes the world go round?
After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.
Absolutely, money is what makes the world go round, else, why would people still get to wake up very early in the morning in a hurry preparing to go for the day to the job they they don't like or constantly complain about job specifications. Yet, they don't quit because of the money involved.

The world today doesn't care about you if you don't have money. The measure of respect, attention and importance given to people today is weighed by how much of a networth they have. In fact, if you don't have money you'll literally be classified as one of the problems off the world. Therefore, in  all you do, make sure you're making money.
But my point as well is that there are denominations which are more valuable than fiat currencies (such as the dollar, euro, yuan, etc.). These are man-made constructs which are subservient to divine forces. We ought not to judge against someone simply because they lack these fiat denominations.
Post
Topic
Board Economics
Re: Money As A Social Construct
by
Paleus
on 10/05/2025, 21:24:16 UTC
~
money is a consensus of truth, whereas a commodity is only something to be agreed upon as to its utility.

The consensus is about its acceptance as a medium, not some philosophical agreement on "truth."  Feels like youre trying way too hard to make it sound profound.  Wink
Have you ever heard of a court of equity? Mediumship is justice. The role of the justice is to find a "happy medium" between parties (equitable remedy). The equilibrium point is the median between interested parties.

Quote
For where two or more are gathered in the name of the Most High, there am I among them.” - the Gospel according to Matthew 18:20

Quote
"justice means a justice of the peace or a provincial court judge, and includes two or more justices where two or more justices are, by law, required to act or, by law, act or have jurisdiction;" - Section 2, Criminal Code of Canada
Post
Topic
Board Economics
Re: Money As A Social Construct
by
Paleus
on 10/05/2025, 21:16:56 UTC

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.
for today's era money is the number one priority in our lives, and it is true that money makes the world go round. because its meaning and significance are very broad, unlike a few centuries ago money did not reflect comprehensive power, but now the power that is needed by everyone and money becomes the power of life for those who hold it, and those who have a lot of money certainly feel much good.
No matter how much we talk about passion or purpose at the end of the day money dictates the kind of life we can live. It’s not everything but without it even the fundamentals become a battle. Happiness could come from other things too but money provides you the freedom to genuinely appreciate them.
It has been said that "money is the root of all evil", but this is nonsense.

Money is merely a tool to amplify the wielder's intent.
Post
Topic
Board Economics
Re: Money As A Social Construct
by
Paleus
on 10/05/2025, 20:45:42 UTC
What is your point?

money makes the world go round?
Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion, we are saved by faith alone.

Have you just read Adam Smith's wealth of nations and are trying to act smart? Or just entered "write something deep about currency" into chatgpt because that's how your post is coming across. This is a forum for discussion, right? Yet you've not really put any questions out there to discuss.

Anyone can call anything money, but that doesn't meant it will be universally accepted or trusted. Useful money is one that has a market, fluidity and a consensus of it's value in comparison to other currencies. You can trade any kind of commodity you like - oil, wheat, copper, but people distinguish it from currency because they do not conflate the two.

I have not yet read Adam Smith's Wealth Of Nations but I intend to.

Yes, what you say is true: a denomination must have a market in order to command a price. If there is no market there can be no utility/usefulness. The market is defined by the consensus it generates, but currency is different from commodities such as oil, wheat, and copper (as you listed), because in order to form consensus, there must be a natural intelligence.

This is what differentiates currency from these other commodities: money is a consensus of truth, whereas a commodity is only something to be agreed upon as to its utility.
Post
Topic
Board Economics
Re: Money As A Social Construct
by
Paleus
on 10/05/2025, 19:54:45 UTC
What is your point?

money makes the world go round?
Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder.
Post
Topic
Board Economics
Topic OP
Money As A Social Construct
by
Paleus
on 10/05/2025, 19:49:08 UTC
Money is a measurement (denomination) of trust between parties. The greater the degree of trust between these parties, the greater their conductivity toward producing work (all work is directed toward reproducing some ideal).

Because beauty is in the eye of the beholder, value is subjective. This means that money exists only when the values of the parties involved are aligned. When the desire/motives of the parties are singular (mono), there is the potential for intelligent work to be conducted. Unity of identity. This generates money, or the empowering of the parties involved. Social position is based on purchasing power (ability to redeem the work of others).

Each jurisdiction is defined by the money (currency) which governs its space/territory. This is because, as mentioned earlier money is a measure of credibility relative to a particular social context. It is a registrar of names/numbers which account for credibility.

The most important thing to remember if you desire to generate more money (social capital) is to position yourself within a political climate that embodies your values, and if the group you currently find yourself in does not adequately represent your interests, create your own.

Whether you like it or not, money makes the world go round'. You must compete, but where and how you do it is your choice entirely ...

Every arena/jurisdiction has its own unique rules.
Post
Topic
Board Bitcoin Discussion
Re: Most Efficient Way To Run A Full Node?
by
Paleus
on 24/12/2020, 00:10:10 UTC
...snip...

I suppose the crux of my questioning on efficiency revolves around storage of the blockchain and the experiences of bitcointalk users storing the blockchain in an external HDD and SSD. It would seem due to the continuous requirement of read/write access, using a SSD is almost always better performance wise. In order to have a forward-compatible node, we would need a SSD of at least 350 GB at this point.

Someone here made the comment that a full node shouldn't be hosted in the cloud in the very place but should only be hosted on hardware that you actually own and can physically access. I tend to agree with the observation that if you are using someone else's hardware than it is not truly YOUR node. In terms of efficiency, it seems in the long run it would actually be most cost-efficiency to pony up the costs for hardware that you yourself host locally, and in the case of storage, this would require a SSD of at least 350 GB - might as well buy 1 TB while you are at it.

Thank you all for your input.

Sure. SSD is the way to go.

However, "Stop saying the cloud is just someone else's computer - because it's not" ...
- https://www.zdnet.com/article/stop-saying-the-cloud-is-just-someone-elses-computer-because-its-not/

Many "cloud" hosts will now let you upload or run your own custom and/or fully encrypted OS, for example.

In terms of your "home" node, did you build it from scratch using only "trusted" Open Hardware and Open Source Software ?

Did you review all of the Source Code in it's entirety before you ran it ? Etc., etc.,
How can one test the integrity of hardware manufactured in China for example?
Post
Topic
Board Bitcoin Discussion
Re: Most Efficient Way To Run A Full Node?
by
Paleus
on 03/12/2020, 21:33:52 UTC
May I ask why HDD instead of SSD?
HDD is more cost effective than SSD in terms of per gb costs. While it does run a bit louder, Bitcoin nodes has a lot of I/O activity with it due to the constant fetching of block info to supply to the nodes. Flash storage can degrade over time with constant reading and writing. HDD is more reliable in this aspect.
Additionally, because MyNodeBTC comes preloaded with software, etc., how can we know for certain that it has not been tampered with or a trojan/keylogger, etc. has been installed on the device before it reaches us?
I would recommend for you to run one with Raspberry Pi.

Do not put your files on the MicroSD card if you're going that route. The high I/O will wear out the MicroSD card very quickly. You would want to synchronize your files on a computer before putting it on a Raspberry Pi. It's too underpowered and will take quite some time, perhaps up to a week to synchronize. You will want to use the options to disable wallet and all the unnecessary stuff to try to save the resources and perhaps limit the peer count. RPi is very underpowered for a node but it performs well for it's price, it'll work just fine for a medium sized full node.
I already have ~145 GB of the blockchain synched on a HDD but the rest is very slow to synch. How can I download the remaining on my local hard drive then move it over to the 1 TB HDD?
Post
Topic
Board Bitcoin Discussion
Re: Most Efficient Way To Run A Full Node?
by
Paleus
on 03/12/2020, 17:14:30 UTC
http://mynodebtc.com/

Bitcoin + Lightning plus all the useful necessities to become self-sovereign.

Will step you through exactly what you need to do.

I have a basic technical ability & I found it easy.

Raspberry PI 4, HDD, MicroSD card, case etc ~$200 on Amazon.

Software is FREE unless you want access to premium features (which I highly recommend).


May I ask why HDD instead of SSD?
Post
Topic
Board Bitcoin Discussion
Re: Most Efficient Way To Run A Full Node?
by
Paleus
on 03/12/2020, 16:55:33 UTC
...snip...

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.

Running a Bitcoin full node on a VPS server instance is much more costly (in the long-term) than running a full node on your 'home' PC.

Whilst you can host a pruned node (for around $5 a month), with VPS / linux server companies such as digital ocean and vultr, hosting a full node at 300+ GB requires block storage which will set you back around $1.00/mo per 10 GB of storage i.e. around $55 a month minimum for a 500 GB instance.

...

I'm actually in the process of writing a guide for setting up a $5 Linux VPS running a pruned Bitcoin node (as a dual stack node with Tor .onion, optional) for my 'Bitcoin on Tor addnodes project' see: https://bitcointalk.org/index.php?topic=5177001.0 - however the guide likely won't be published until after the Tor v3 .onion rollout in mid 2021.

It is also possible to effectively CPU mine various altcoins utilizing cpulimit at 75% max (so that the VPS companies won't ban you!), to offset the cost of running a Bitcoin pruned VPS node 'cloud' instance.

...

TBH I find it rather surprising that the OP has recently posted this topic;

Tutorial: How To Fork Bitcoin
- https://bitcointalk.org/index.php?topic=5295647.0

... and yet seemingly is unaware of what is required in terms of 'hosting' a full Bitcoin server in the cloud !?

...

Whilst we are all always learning, in regards to Bitcoin, as one of the oldest and active members of this forum, topics like this one just highlight to me the often great disparity between users technical knowledge and what gets interest / help / funding to move forward with what folks seemingly need and want to achieve.
I suppose the crux of my questioning on efficiency revolves around storage of the blockchain and the experiences of bitcointalk users storing the blockchain in an external HDD and SSD. It would seem due to the continuous requirement of read/write access, using a SSD is almost always better performance wise. In order to have a forward-compatible node, we would need a SSD of at least 350 GB at this point.

Someone here made the comment that a full node shouldn't be hosted in the cloud in the very place but should only be hosted on hardware that you actually own and can physically access. I tend to agree with the observation that if you are using someone else's hardware than it is not truly YOUR node. In terms of efficiency, it seems in the long run it would actually be most cost-efficiency to pony up the costs for hardware that you yourself host locally, and in the case of storage, this would require a SSD of at least 350 GB - might as well buy 1 TB while you are at it.

Thank you all for your input.
Post
Topic
Board Bitcoin Discussion
Re: Coinbase or Circle or someone from them are Satoshi
by
Paleus
on 03/12/2020, 01:42:59 UTC
Satoshi would not likely work for a company whose main priority is exchanging fiat for bitcoin.
Post
Topic
Board Politics & Society
Re: Do you think COVID19 is a scam?
by
Paleus
on 02/12/2020, 22:45:53 UTC
The primary purpose of this declared state of emergency is not public health but to suppress our economy and usher in a globalist government.
Post
Topic
Board Bitcoin Discussion
Merits 16 from 3 users
Topic OP
Most Efficient Way To Run A Full Node?
by
Paleus
on 02/12/2020, 22:11:52 UTC
⭐ Merited by hugeblack (10) ,Royse777 (5) ,ETFbitcoin (1)
I am wondering what is the best way to run a full node with limited computing resources. In order to do this we must download and synchronize a full copy of the blockchain (300+ GB). This is not for being competitive as a miner but only hosting a full network node that can remain up-to-date with the blockchain in real-time.

I have tried downloading the entire blockchain to an external hard drive. However, it is basically at a standstill with 25% or more of the blockchain still needing to be synchronized. Is this delay because I am hosting it on an external hard drive? (Western Digital External Hard Drive)

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.
Post
Topic
Board Bitcoin Discussion
Re: Tutorial: How To Fork Bitcoin
by
Paleus
on 02/12/2020, 16:06:13 UTC
Please don't guide scammers to create more clones from source code of Bitcoin.

Scammer don't need this guide when there are tools which allow to create hard fork with few clicks & services which create your own hard fork.
The guide would be slightly better if the title is "Learn Bitcoin protocol by forking Bitcoin"

On the other hand forking Bitcoin does have its own use: if you want 1000s of Bitcoin for testing (i.e. you cannot or don't want to fake the mBTC you can get from testnet faucet), it can be a good approach for testing.

They also can use regtest, which is easier than modify client & perform hard fork.
The idea here is not to rely on a third-party service provider but to fork bitcoin ourselves. When we rely on a third-party to create a hard fork for us with a "few clicks" as you put it, it creates a security risk that we do not want in this type of project. Relying on a third-party service to fork the software on our behalf is not the best way to do it when performance and security are top priorities. That is why we download a full copy of the blockchain and run a full node ourselves. This may not be easy given that the blockchain is currently over 300 GB in size. However, it is necessary if we intend to do things the correct way.

This is a marathon, not a sprint.
Post
Topic
Board Service Discussion
Re: Best Bitcoin Payment Gateway For WordPress?
by
Paleus
on 02/12/2020, 05:06:23 UTC
I tried Blockonomics and so far so good!
Post
Topic
Board Bitcoin Discussion
Re: Tutorial: How To Fork Bitcoin
by
Paleus
on 02/12/2020, 04:30:04 UTC
Please don't guide scammers to create more clones from source code of Bitcoin.

How Many Bitcoin Forks Are There? You will be surprised!!!
There is nothing wrong with hard forking bitcoin. Software forks are not "scams".
Post
Topic
Board Bitcoin Discussion
Topic OP
Tutorial: How To Fork Bitcoin
by
Paleus
on 02/12/2020, 04:09:45 UTC


The How To Fork Bitcoin Tutorial is a video screencast and written instruction on how to initiate a hard fork of the bitcoin network and begin mining a new chain of transactions. In this tutorial, in order to run a full node, we will be required to download a full copy of the exiting bitcoin blockchain. Therefore, it is necessary to allocate hard drive space for this course.

This course is beginning in December, 2020 with new lessons made available periodically throughout the month.
Post
Topic
Board Bitcoin Discussion
Topic OP
Best Bitcoin Payment Gateway For WordPress?
by
Paleus
on 01/12/2020, 15:34:09 UTC
I am looking for a bitcoin payment gateway that works with WordPress as a plugin? Does anyone here have any recommendations?

Ideally, it would work without a third party but use an API to get the current exchange rate and automatically send the payment to a bitcoin wallet such as Electrum.

Thank you.
Post
Topic
Board Project Development
Re: [Product Concept] Introducing The Bitcoin Chip From Diginomics Corporation
by
Paleus
on 18/11/2020, 23:03:13 UTC
We are looking to create a bitcoin hardware wallet for mobile devices. This would include a full-node as to not rely on a third-party service. However, we also want secure text-messaging and hopefully VoIP built as a feature.

I use the comparison of a SIM card for comparison purposes only - obviously it would need to be quite different in technical details.

One of the obvious considerations is that to have SMS (160 character) based communications, new features and perhaps OP_CODES would need to be enabled on the blockchain. This could potentially require a hard fork of the software.
Post
Topic
Board Scam Accusations
Re: Diginomics Corporation - probable scam
by
Paleus
on 18/11/2020, 22:56:45 UTC
The merchant portal is not currently taking orders or payment.

You silently removed the items I mentioned, but you are still selling other garbage, like subscriptions to your newsletter for $20/month.   Roll Eyes

Don't play with real money in your fake corporation on this site. 
Just because you might not appreciate a subscription service doesn't mean others won't nor does it mean our business is a "probable scam".

CASE CLOSED