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Topic: BTC is Gold 2.0 – What humanity has been waiting for centuries - page 2. (Read 3547 times)

legendary
Activity: 3080
Merit: 1500
I have a different view of the topic you have posted here. I will not take bitcoin as gold 2.0 and also not as an instrument to save or transfer. Yes, they do have some similarity but most they are different from each other and their uses are also different.

Gold is a tangible asset and bitcoin is not. That's the basic difference. Bitcoin's value is very very dynamic, which creates ample opportunities to trade. However, gold price is not dynamic like bitcoin. That is the reason why people is using gold for generations to safeguard their savings. You can make ornaments with gold but you can't do anything with bitcoin apart from purchasing something.

People will want something with stable price to safeguard their savings. Bitcoin doesn't fill that bill. Bitcoin can be used as an investment to fetch a higher return than any other conventional return, but with a higher amount of risk. So lets take bitcoin as it is, lets not be confused it with gold and its properties.
sr. member
Activity: 280
Merit: 250
what a concept man. GOLD 2.0  Grin Grin
you had mentioned that bitcoin is the way to pass wealth to generation after generation but what if bitcoin that you had earned hard get banned of unusable due to  Quantum computing which would probably destroy teh network. and On emore thing that value of bitcoin keeps changing time to time so you cant be sure to keep it as gold or mud.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes

Agree, we're in the hands of a few devs and miners. That's the riskier part.

That to my mind does not constitute a risk. Bitcoin is open source and if the developers are pig headed, an alt would take its place.
If not gold, we could have a new platinum 2.0  Smiley
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook

Bitcoin is Gold 2.0

Let’s all work together

It may be but that is actually not that positive thing to hear.
We all expect BTC to be the global currency that will become the global reserve currency.
But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it.
Do you see any vendors, merchants or supermarkets accepting gold? I dont see any.
So the same way, bitcoin wont be accepted either. I have only  1-2 services in my town that has BTC. It's pretty bad.
BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed.
It was supposed to be a global payment network, not a global wealth storage commodity!


If there is only 1-2 merchants accepting it, it's because it's still not ready for user adoption...

Everyone will be using BTC to storage wealth, so it wont be only a small percentage of the population.

There other coins more suitable for the day to day payments, as buying a coffee or bread.




A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes

Agree, we're in the hands of a few devs and miners. That's the riskier part.






You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.


Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.

I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

You're absolutely right

Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

it will coexist with gold, atleast for some generations


This seems like a reasonable way to look at Bitcoin and gold.

Gold has a long history as the world's premier Store of Value.  Gold is pretty easy to understand.  Bitcoin has not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly.  It is too early to say whether Bitcoin will become universally recognized.  An altcoin conceivably could come along and displace it.

Bitcoin and gold share some properties.  But, they are two different "vectors" if you will.  BTC is a nice innovation, and might very well change history. 

But the story is not written yet.

Thanks. And yes, we have to write the story and make history  Wink








Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.

Well done. And yes, there are more suitable coins for the day-day payments.






Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.

I guess you're right, the goverment will try to regulate it as soon as they realize what is really BTC.  Angry
That's another reason to call for unity







Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together

We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.

We do not need any "war", the network of users will decide what they want from this system. ^smile^

Bitcoin is the oldest, most secure and therefore the most trusted cryptocurrency, that makes it the place where people is gonna put his savings. Therefore, gold 2.0.

There are other coins more suitable for the d-d payments






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Thanks. And I do agree with you and I hope it happens  Smiley





i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.

Agree. We need to spread it but with a united message.
BTC is Gold 2.0






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold

Agree with you!!


With every features similar to gold as a backing, as a commodity, as a form of investment is now found on bitcoin. So bitcoin being said as gold v2.0  is a right decision. These days taxation is the only issue with bitcoin, some countries were making regulations regarding the taxation for using bitcoin.
legendary
Activity: 2142
Merit: 1025

Bitcoin is Gold 2.0

Let’s all work together

It may be but that is actually not that positive thing to hear.
We all expect BTC to be the global currency that will become the global reserve currency.
But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it.
Do you see any vendors, merchants or supermarkets accepting gold? I dont see any.
So the same way, bitcoin wont be accepted either. I have only  1-2 services in my town that has BTC. It's pretty bad.
BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed.
It was supposed to be a global payment network, not a global wealth storage commodity!


If there is only 1-2 merchants accepting it, it's because it's still not ready for user adoption...

Everyone will be using BTC to storage wealth, so it wont be only a small percentage of the population.

There other coins more suitable for the day to day payments, as buying a coffee or bread.




A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes

Agree, we're in the hands of a few devs and miners. That's the riskier part.






You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.


Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.

I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

You're absolutely right

Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

it will coexist with gold, atleast for some generations


This seems like a reasonable way to look at Bitcoin and gold.

Gold has a long history as the world's premier Store of Value.  Gold is pretty easy to understand.  Bitcoin has not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly.  It is too early to say whether Bitcoin will become universally recognized.  An altcoin conceivably could come along and displace it.

Bitcoin and gold share some properties.  But, they are two different "vectors" if you will.  BTC is a nice innovation, and might very well change history. 

But the story is not written yet.

Thanks. And yes, we have to write the story and make history  Wink








Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.

Well done. And yes, there are more suitable coins for the day-day payments.






Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.

I guess you're right, the goverment will try to regulate it as soon as they realize what is really BTC.  Angry
That's another reason to call for unity







Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together

We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.

We do not need any "war", the network of users will decide what they want from this system. ^smile^

Bitcoin is the oldest, most secure and therefore the most trusted cryptocurrency, that makes it the place where people is gonna put his savings. Therefore, gold 2.0.

There are other coins more suitable for the d-d payments






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Thanks. And I do agree with you and I hope it happens  Smiley





i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.

Agree. We need to spread it but with a united message.
BTC is Gold 2.0






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold

Agree with you!!

hero member
Activity: 896
Merit: 500
i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold
hero member
Activity: 1610
Merit: 507
i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
It was supposed to be a global payment network, not a global wealth storage commodity!
I got the impression that some people seen to not care about that at all, as long price of BTC is 'good' and you can exchange bitcoin to fiat without problems.
Frankly speaking, Bitcoin is more fit to be global wealth storage anyway. Satoshi was probably aware that 10 minutes confirmation and 1 MB blocks aren't meant to replace top payment processors anyway.
We need adoption to make bitcoin a better payment solution but without network's capacity to serve this purpose it is a dead end.

Not it could be both, and the block size can be increased to 2mb

https://www.strawpoll.me/12228388

Most people agree to a large blocksize, the consensus would be there.
legendary
Activity: 1652
Merit: 1000
i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform

Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.

Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.

The only way to do this is by all agreeing that BTC is Gold 2.0

We dont need a new technology to pay the coffee.

We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.

If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.

Bitcoin is Gold 2.0

Let’s all work together

We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.

We do not need any "war", the network of users will decide what they want from this system. ^smile^
hero member
Activity: 2646
Merit: 686
Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.
sr. member
Activity: 504
Merit: 250
Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.
legendary
Activity: 2898
Merit: 1823
A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions.
{miners and individuals running nodes}  Roll Eyes

You just made it harder to decide whether to go and depend in the hands of the Bitcoin developers and miners or go depend on the powers of the Illuminati. On one hand there is a possibility that our money goes "poof" and on the other hand you also have the same possibility.

legendary
Activity: 1218
Merit: 1007
It was supposed to be a global payment network, not a global wealth storage commodity!
I got the impression that some people seen to not care about that at all, as long price of BTC is 'good' and you can exchange bitcoin to fiat without problems.
Frankly speaking, Bitcoin is more fit to be global wealth storage anyway. Satoshi was probably aware that 10 minutes confirmation and 1 MB blocks aren't meant to replace top payment processors anyway.
We need adoption to make bitcoin a better payment solution but without network's capacity to serve this purpose it is a dead end.
This has always been something I've had in the back of my mind to be honest, considering that a lot of the statements regarding Bitcoin from Satoshi were about what happened in 2008 and how a ton of people lost everything they owned it makes sense that Satoshi intended for Bitcoin to build wealth and have it secure as opposed to have it be some new super currency.

I'm on the fence right now; Bitcoin could potentially go either way. Both have pros and cons.
hero member
Activity: 918
Merit: 1001
This is a good way for the current population to view bitcoin. Much easier for the general concensus understand what it is. Undecided
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
It was supposed to be a global payment network, not a global wealth storage commodity!
I got the impression that some people seen to not care about that at all, as long price of BTC is 'good' and you can exchange bitcoin to fiat without problems.
Frankly speaking, Bitcoin is more fit to be global wealth storage anyway. Satoshi was probably aware that 10 minutes confirmation and 1 MB blocks aren't meant to replace top payment processors anyway.
We need adoption to make bitcoin a better payment solution but without network's capacity to serve this purpose it is a dead end.
legendary
Activity: 2940
Merit: 1865
You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.


Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights



Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.


I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

You're absolutely right


Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

it will coexist with gold, atleast for some generations





This seems like a reasonable way to look at Bitcoin and gold.

Gold has a long history as the world's premier Store of Value.  Gold is pretty easy to understand.  Bitcoin has not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly.  It is too early to say whether Bitcoin will become universally recognized.  An altcoin conceivably could come along and displace it.

Bitcoin and gold share some properties.  But, they are two different "vectors" if you will.  BTC is a nice innovation, and might very well change history.  

But the story is not written yet.
legendary
Activity: 1904
Merit: 1074
A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes
legendary
Activity: 3276
Merit: 2442
Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

It is because they have a lot in common. Like there is limited supply for both of them. You can't print neither of them. If you want them you either buy them or mine them. (mining applies to both)

And there are the differences...

You can't move from border to border with huge gold bars but you can success it with a piece of paper or flash drive.

Bitcoin is definitely pocket size gold.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK


Bitcoin is Gold 2.0

Let’s all work together

It may be but that is actually not that positive thing to hear.

We all expect BTC to be the global currency that will become the global reserve currency.

But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it.

Do you see any vendors, merchants or supermarkets accepting gold? I dont see any.

So the same way, bitcoin wont be accepted either. I have only  1-2 services in my town that has BTC. It's pretty bad.

BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed.

It was supposed to be a global payment network, not a global wealth storage commodity!
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