Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: NotATether on January 17, 2025, 03:23:07 PM
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So a few hours ago, MARA mined this block:
(https://www.talkimg.com/images/2025/01/17/WHwH2.png)
Now before anybody wonders how they managed to perfectly assemble transactions that will make Trump's image, these are not actually real transactions. They are all OP_RETURN transactions used, and their size is virtually zero.
They also inscribed this message:
MARA DIGITAL HOLDINGS Welcomes
Donald J. Trump as the 47th
president of The United States of
America.
And then there's the full Constitution in more transactions below that.
In any case, it seems to be that the fee values were specially manipulated to make the ifferent colors you can see on this digital mural. Which I think is pretty cool.
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Indeed, it is a very wonderful work, I did not expect that such a sophisticated work could be made by manipulating the transaction values on the blockchain, this will be a memorial plaque to commemorate Trump's second term, which could be a milestone in the history of Bitcoin.
But this wonderful work excites and worries me at the same time, I mean that miners can control real transactions if the US government asks them to, for example, pass transactions that the government allows and reject others. This will be the end of decentralization.
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Indeed, it is a very wonderful work, I did not expect that such a sophisticated work could be made by manipulating the transaction values on the blockchain, this will be a memorial plaque to commemorate Trump's second term, which could be a milestone in the history of Bitcoin.
But this wonderful work excites and worries me at the same time, I mean that miners can control real transactions if the US government asks them to, for example, pass transactions that the government allows and reject others. This will be the end of decentralization.
this has been the issue for some after blackrock and other institutions have been buying the stocks of the miners because could control which transactions could push through.
all the works will be wasted since the time miners are regulated which they have their own council for this.
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But this wonderful work excites and worries me at the same time, I mean that miners can control real transactions if the US government asks them to, for example, pass transactions that the government allows and reject others. This will be the end of decentralization.
Nothing new, Mara was caught censoring transactions years ago
https://www.coindesk.com/tech/2021/05/07/marathon-miners-have-started-censoring-bitcoin-transactions-heres-what-that-means
They've said they stopped doing so but every time they deny something one month later they come up with a brand new idea just as dump and toxic, probably the worst mining company from all the big guys.
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And then there's the full Constitution in more transactions below that.
In any case, it seems to be that the fee values were specially manipulated to make the ifferent colors you can see on this digital mural. Which I think is pretty cool.
I did not knew that is possible, how could they have pulled this off I am not expert in technical levels of blockchain, if anyone care to explain, I mean if that pool is public then how without any interruption they pulled this off. It is really cool.
So when the block will be closed and a new one will be made the pic will remain there. Correct me if I am wrong. I thought insibcriptions has made it possible to inscribe any kind of data on BTC blockchain where no one can tamper it with later but this way they can also post images, right? If they can make a image then a note or something is possible too.
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This is really trilling to the spine. It is a true thing that the government of Donald Trump will have good effect on the crypto community in this tenure of office.
The coming of centralized and decentralized systems to existence, will be a mark in history for the entire crypto enthusiasts and industry at large to remember in years to come.
As beautiful it can be, the decentralized nature of the crypto community will start having serious battles to be centralized.
And this is one thing that's not of the crypto community. With high expectations, let's see what the market will turn into as the inauguration day approaches even closer.
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So a few hours ago, MARA mined this block:
(https://www.talkimg.com/images/2025/01/17/WHwH2.png)
it doesn’t really mean anything since these are not actual transactions however it is still a good show of support for the upcoming president of the united states of america it shows solidarity and respect to the president and we can think of it as a give back to how much trump has thought of bitcoin over his election campaign
this is also a symbol of hope as we put trust and confidence to trump and his plans over crypto
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it doesn’t really mean anything since these are not actual transactions however it is still a good show of support for the upcoming president of the united states of america it shows solidarity and respect to the president and we can think of it as a give back to how much trump has thought of bitcoin over his election campaign
Yes, this kind of picture cannot be made with real transactions since there are to many large transactions that spend so much Bitcoin which would ruin the drawing. It was only possible by using thousands of tiny transactions. Evidently though, the transaction fees are cancelled out since they mined the block so they just get the block reward.
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Nothing new, Mara was caught censoring transactions years ago
https://www.coindesk.com/tech/2021/05/07/marathon-miners-have-started-censoring-bitcoin-transactions-heres-what-that-means
They've said they stopped doing so but every time they deny something one month later they come up with a brand new idea just as dump and toxic, probably the worst mining company from all the big guys.
Thank you for the link
What struck me in the article in the link is that Iran which is on the US sanctions list has also started imposing its own sanctions on its citizens as the Iranian government recently announced that only Bitcoin produced in Iran can be legally traded!!!
Iran, which is included on OFAC’s sanctions list, is a hotbed of bitcoin adoption, partly in response to the pressures sanctions place on its citizens. (Notably but unrelated, Iran’s government just said that only bitcoin produced in Iran is legal to trade.)
I think the US government is thinking the same as I heard that they will only accept Bitcoin that has a (Made in USA) stamp, this is really ridiculous if every country starts accepting only locally mined Bitcoin and rejects other Bitcoin.
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A Whole New Level of Suck, but why now, isn't it better to wait until the 20th, I expect them to do it again and maybe this was a test but it is amazing to see that they gave up 0.015 BTC to do this.
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Iran, which is included on OFAC’s sanctions list, is a hotbed of bitcoin adoption, partly in response to the pressures sanctions place on its citizens. (Notably but unrelated, Iran’s government just said that only bitcoin produced in Iran is legal to trade.)
I think the US government is thinking the same as I heard that they will only accept Bitcoin that has a (Made in USA) stamp, this is really ridiculous if every country starts accepting only locally mined Bitcoin and rejects other Bitcoin.
How is that supposed to work out, particularly for Iran? Bitcoin is non-fungible, with no way of telling whether the BTC is from one country or another and that's not something even chain analysis can do since bitcoin addresses are not tied to IP addresses. And it sounds like something that a mixer can easily overcome (complicated by the fact that Iranian hackers use mixers too!).
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So a few hours ago, MARA mined this block:
(https://www.talkimg.com/images/2025/01/17/WHwH2.png)
Now before anybody wonders how they managed to perfectly assemble transactions that will make Trump's image, these are not actually real transactions. They are all OP_RETURN transactions used, and their size is virtually zero.
They also inscribed this message:
MARA DIGITAL HOLDINGS Welcomes
Donald J. Trump as the 47th
president of The United States of
America.
And then there's the full Constitution in more transactions below that.
In any case, it seems to be that the fee values were specially manipulated to make the ifferent colors you can see on this digital mural. Which I think is pretty cool.
as far as I know , this kind of visualization is only available at mempool.space.
Other block Explorer doesn't offer this kind of visualization of blocks, as it is non standard (not based in bitcoin protocol)
Anyway, very cool and another way to monetize the bitcoin blockchain
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I did not knew that is possible, how could they have pulled this off I am not expert in technical levels of blockchain, if anyone care to explain, I mean if that pool is public then how without any interruption they pulled this off. It is really cool.
It's not so much the pool but the way mempool displays transactions:
https://mempool.space/block/000000000000000000010c05038d08c742d28a7a248e9d0f94ebe5102f366c8e?showDetails=false&view=actual#overview
the thing is no other block explorer will see this image, the colors are shown because mempool.space shows the tx in colors according to the fees paid, so another explorer that has a different way to show fees will show a different image.
They basically constructed the block based on how mempool.space shows blocks, if the website will change that the image will disappear.
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How is that supposed to work out, particularly for Iran? Bitcoin is non-fungible, with no way of telling whether the BTC is from one country or another and that's not something even chain analysis can do since bitcoin addresses are not tied to IP addresses. And it sounds like something that a mixer can easily overcome (complicated by the fact that Iranian hackers use mixers too!).
Honestly I don't know, this is what the article mentioned but I don't know if it is possible in reality because this is very difficult as you mentioned.
Is it possible that they are thinking in the same way as the United States by stamping every Bitcoin block produced in mining pools in Iran with "Made in Iran"? But as far as I know, Iran does not have any large official mining companies or pools, although there are many Iranian citizens who mine.
So I don't know exactly how they will distinguish "Bitcoin produced in Iran"?
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Is it possible that they are thinking in the same way as the United States by stamping every Bitcoin block produced in mining pools in Iran with "Made in Iran"?
If Iran tries to do this then every single one of those mining companies is going to be sanctioned by OFAC, not because they are crypto companies with 'dubious anonymous history' but because they are directly affiliated with Iran. Trump's cabinet pick for Treasury said he's not going to shy away from using sanctions as a means for propping the dollar, despite anything else you may have read about crypto and Trump elsewhere.
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Is it possible that they are thinking in the same way as the United States by stamping every Bitcoin block produced in mining pools in Iran with "Made in Iran"? But as far as I know, Iran does not have any large official mining companies or pools, although there are many Iranian citizens who mine.
So I don't know exactly how they will distinguish "Bitcoin produced in Iran"?
White address instead of blacklist.
The same as in South Korea where you need to register and prove to an exchange you won the address to which you're withdrawing the coins, miners could be forced to mine only transactions that are on addresses known to the government and tied to a real person, pretty simple thing, all exchanges will have to comply otherwise they won't be able to receive deposits and from there you have all the databases you need via kyc and deposit/withdrawal data.
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White address instead of blacklist.
The same as in South Korea where you need to register and prove to an exchange you won the address to which you're withdrawing the coins, miners could be forced to mine only transactions that are on addresses known to the government and tied to a real person, pretty simple thing, all exchanges will have to comply otherwise they won't be able to receive deposits and from there you have all the databases you need via kyc and deposit/withdrawal data.
"Whitelist instead of blacklist" Yes this is much easier because they have all the required data.
Governments always have a way to impose their control, kyc is the killer of decentralization and privacy and centralized exchanges are forced to impose the governments' conditions to get a license to operate, so the only solution we have is non-custodial wallets.
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So a few hours ago, MARA mined this block:
(https://www.talkimg.com/images/2025/01/17/WHwH2.png)
Now before anybody wonders how they managed to perfectly assemble transactions that will make Trump's image, these are not actually real transactions. They are all OP_RETURN transactions used, and their size is virtually zero.
They also inscribed this message:
MARA DIGITAL HOLDINGS Welcomes
Donald J. Trump as the 47th
president of The United States of
America.
And then there's the full Constitution in more transactions below that.
In any case, it seems to be that the fee values were specially manipulated to make the ifferent colors you can see on this digital mural. Which I think is pretty cool.
Actually, I think that it will be very wonderful opportunity for crypto currency world. I also believe that it will be very helpful and inspiring our future. I also believe that it will be memorable plaque for Donald trump. I also believe that gradually this achievement will be develop all crypto users. So I think that it will be milestone in the history of bitcoin. So I also think that Donald trump want to attractive crypto currency world in gorgeous.