Bitcoin Forum

With the BRC-20 tokens taking up the majority of the block size on transactions sent to the bitcoin blockchain in the past three weeks causing chaos and having users of bitcoin paying enormous fees, one of the first exchanges in the US have had enough.
They sent their customer base newsletter out in an email late yesterday about a certain token known as pepe.
The email entails and describing the Pepe meme as a hate symbol co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community.
source: https://cointelegraph.com/news/coinbase-calls-pepe-a-hate-symbol-prompting-calls-to-boycott-the-exchange
Only 24 hours ago the pepecoin backers with the community on twitter were asking Coinbase to list the BRC-20 token on their exchange with screen captures of the symbol on their own webpage, either real or photoshopped on several of crypto influencers twitter feeds.
But now they are all up in arms against the American exchange with these mass emails being sent out with no hope in sight for their beloved green frogfaced meme which was created back in 2005 and made the rounds on huge online media sites such as reddit and 4chan.
https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitter

Since then, there was some news about pepe & memecoins topping Coinbase in trading volume just today.
Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coins
https://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins
"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million."

Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.

Ofcourse, it's important to let them know that they are being used to power up the price of something that is considered a hate symbol. That should discourage the victims from patronizing things like pepe, which will consequently ruin the value.  Being a hate symbol makes it an evil product. Evil product should be worthless rather than worth more.

Things like that are basically Nazi things and the nazis operate in both the left and right but tend to be more open in the right. They typically adopt dual/multiple meanings for their hate symbols/terms to make them hard to catch. There is even the Ape NFT. The pureblood is probably another recent nonsense with dual meaning which they use for the unvacinated & inbreeders(pure race).

It's also important to let the community know that blockchain should be mostly for light data rather than for storing pictures, videos, songs or other heavy files.

It basically means that people are here just to make a quick profit and are ready to throw their money at anything to get a short profit.
They are just gambling with their money by investing in meme coins and don't care if the coin is having any utility or any intrinsic value.

Seems that Coinbase has backtracked on what they said and had apologized via a tweet to all their customers on what was stated in their latest newsletter:
"We screwed up and we are sorry. Yesterday we shared an overview of the $pepe meme coin to provide a fact-based picture of a trending topic. This did not provide the whole picture of the history of the meme and we apologize to the community."
10:51 AM · May 11, 2023 2M Views

One of the responses from a customer that is pretty spot on of why they redacted their stance:
"Translation: We’ve secured our position on the dip and are ready to list it shortly"
11:56 AM · May 11, 2023 759 Views

The gamble hadn't paid off for those who invested in pepe since it has receeded back down to levels before the huge pump last week.

Shocked I tell you, I'm totally shocked that a scam meme coin has been a pump and dump.
Next are you going to tell me that Santa Claus and the Easter Bunny are not real too?

Scammers are going to scam and people 'who know better then everyone else' are going to jump on the next get rich quick thing.

-Dave

Hence why the usage of the word gamble was used with the previous statement about this token.
If it weren't on the same blockchain as bitcoin, all the maximalists wouldn't be so up in arms about just another sh*tcoin.
And will just wait until it dies off like so many other of those who were made for just such a purpose: pump and dump ponzi scheme.

Yet Dogecoin is in the exact same category as this one and is still being traded to this day.
The difference why there is not so much ire for it from those bitcoin maximalists is because it is not on the same blockchain.
It was a fork off of the litecoin network. So less of a direct connection to their beloved bitcoin.

But the reason for this topic are these ones are on the BRC-20 blockchain a fork off the BTC network.

stop believing the fake market cap and volume numbers

if i shuffled a bunch of bank notes from my own left hand to my own right hand. i can shw that $1m passed between my hands even if there are only $1000 in total

the MEME MARKET IS FAKE. its the creators selling to themselves to fix/rig/fake a price hoping idiots later on buy from them ..

Yes chains do this to create fake transaction numbers like rogers coin and litecoin to make it look like people use their chains, they just send to their own addresses.

I would not be surprised if there is people spamming bitcoin dust as well to make it look more active, In recent years I have heard no 1 talk about bitcoin in person, it was a 2012-2017 fad.

Did I not get you to agree time coins are the better currency back in the day, well I have theory crafted something better, no currency and bots just do the work because AI is going to replace all the jobs anyways and currency is futile and promotes death and war.

Memecoin which is alts cannot be a threat to bitcoin which the the legitimate cryptocurrency not to talk of the network of blockchain technology, the hype is what cause the overrated on the NFT and this is becoming a thing of past gradually because the transactions fee charged is becoming lower and back to usual gradually, why should bitcoin be a threat to the people wjen even he altcoins are more risky than as expected, should we loose focus on bitcoin because of transaction fee and let the altcoins we all are avoiding take place or stand against bitcoin.


You can't expect exchanges not to have interest in this kind of scenario because of two things, first is for them to get avenue for making more money as the hype on the coin keep increasing, second is because they enlisting coins that they feels will give them more opportunities to get traffic of investors bidding for the coin on their website for an investment.

Then why does Coinbase seem obligated to appease the masses by putting out such a statement?
Only after #DeleteCoinbase started trending of course.
They fear that the largest exchange in the United States will lose all the credibility of the crypto users in their marketed sector. That being the North American marketbase. They advertised for the Superbowl with just a QR code so to get a small amount of bitcoin to start millions of cryptocurrency customer accounts on their platform.
And it worked for them.

Roger Ver's coin as in Bitcoin Cash BCH?
https://www.investopedia.com/tech/who-roger-ver-bitcoin-jesus

Not even Craig Wright's version of bitcoin BSV would be the true bitcoin.
https://craigwright.net

That title belongs to Satoshi Natamoto of course. Even if his title says so on the above website.

That's the bitter truth which we must have to swallow because we have no other option at the moment. The BRC-20 tokens are the most useless tokens in the whole history of crypto-currencies and they will be remembered by the community even if the developers find a solution to stop their evil operations.

I know that those useless tokens have harmed the king badly but still king will always remain the king and it's army would definitely find a way to secure the crown of the king of cryptos. It should be far better to promote more news about the uselessness of the tokens so that the buyers will lose interest in those non-useful tokens that hold no good value for the the ones who hold it.

The ones who are holding those tokens might lose all of their savings if the developers manage to find a way to stop that crazy BRC-20 protocol. Till then we must have to be patient and accept the current situation without letting it to ruin of life and our emotions. 

Crypto traders community is so naive and arrogant that if someone says the truth but its against them, they start getting mad at them. I remember when coinbase said something wrong about pepe somedays back and #deletecoinbase or something like that started trending on twitter soon after, lol  ::)
This is our reality lmao. Its better for these companies to stay silent with such matters.

Who's fast, will get it. It was gambling disguised as coin trading. Those who act faster then others will take profits, while those who slowness behind only lose and blow their anger in everywhere.
Many people are fanatical on exchange/marketplace and follow all their bullshit.

Seems that their customers are still up in arms about the tweet sent out as a form of damage control.
There are some who have created a movement on twitter about it and some creating songs which are rather entertaining:
Pepe will delete coinbase song
https://www.youtube.com/watch?v=NJiRfAefF2w

They are forcing it and I don't think that's a good sign. The questions of a big "why?" comes out. IMO, they will just play with its market and make profits in like a quick rich scheme. Coinbase probably knows what will happen and trying to avoid it. It will be chaos.
We've known memecoins are just short-term investments and the victims will always be those who will try to love them and keep it. Thankfully, I have not been on that position yet, I always sell this type of coins like a week or two, just imagine if whales will be the one doing it in the comfort of using Coinbase as their exchange. It gives me chills on how much money will come out for a joke.
And then when it's done, what's next? TETE, KEKE, JEJE? ;D

Boycott Coinbase - LMFAO. These guys should've done that years ago when we were warning people about their shady privacy practices.

Hopefully, they both fight each other to death and other exchanges get involved with the brawl too. :P

None of them will be missed.

---

Investing in meme coins is not "gambling" - that's an insult to gamblers. It's suicide. Even Doge came back down to earth after its pump.

It certainly is a gamble to even put anything into these meme coins - if you can even call this investing that is.

Here is a podcast conducted during the total joke of the bitcoin industry last week which does say the exact same thing:
Part I: A New Crypto Enemy Emerges (ATB Bitcoin MIAMI Live)
https://www.youtube.com/watch?v=YPYiCHWzqcQ
Part II: Bitcoin MIAMI Live (Robert Kennedy Crypto Mission)
https://www.youtube.com/watch?v=mLN9923h-Vo

Last year was sponsored by Jack Dorsey's Cashapp which was much more extravagant to a point of having a 10-foot volcano on the convention floor to celebrate El Salvador taking bitcoin as legal tender late September 2021.
https://www.thedailybeast.com/inside-the-bitcoin-2022-conference-in-miami-beach

Atleast the bitcoin conference will be moving away from Miami which has had their mayor renounce it's adoption towards BTC recently in the media, to Nashville next year.
Will it not be a drain on everybodies hopeium of being a success?
Probably not.

King of all crypto? These Pepe and other meme coins? No, they aren't the king. They're the jesters of crypto. They're memes. They're complete garbage. Other than disrupting on-chain activities and making money from gullible individuals, these tokens have no other purpose.

I applaud Coinbase for this, for making an unequivocal stand. And shame on Binance, Huobi, OKX, and others for riding on this utterly worthless hype, for acting as accessories in the clogging of the network by supporting this coin which the developers themselves consider as "completely useless." These exchanges do not stand with the ideals of Bitcoin. 

^^
That is why Coinbase does not want pepe coin or another to dictate their own business practices.
They are just that, the jokes on the bitcoin blockchain. With these brc-20 ordinals.

Some informative insight upon viewing a recent interview at the bitcoin conference in Miami with Udi Wertheimer.
He is one of the self proclaimed Taproot Wizards and a bitcoin maximalist which is at the forefront of the group looking to change the minds of fellow maximalists.
https://i.ibb.co/kKy3b4T/Taproot-Wizard.jpg (https://imgbb.com/)
Taproot was the upgrade to the blockchain which allowed for ordinals to be integrated into the bitcoin code.
Here is their website for a further explanation on what they are looking to accomplish in their goal:
https://www.taprootwizards.com

This thread isnt exclusively about memecoins and how their market was created. It is why Coinbase thought it was a good idea to segregate between their customers of what they choose to use and what authority they will allow them too.

They released a commercial which will be one of many they plan on releasing on cable television over the course of the next couple of months. You decide on what propaganda they are pushing on their customers with these and you be the judge for yourself:
"Money has come a long way since goats and teeth - And it still has a long way to go.
Thankfully, crypto helps moves money forward."
https://i.ibb.co/YRxkwj5/Crypto-BTCMoves.jpg (https://ibb.co/r7V6NyB)
https://twitter.com/coinbase/status/1661406372897103873

Michael Saylor is getting good at using words for his own good. Reading the replies in the tweet, I saw many people who agrees with him. Still, I am not dragged by his sweet words. :D
https://i.ibb.co/XFxQ8g0/saylor.png (https://imgbb.com/)
https://twitter.com/TO/status/1660268453188739072?s=20
Is it really for the development of Bitcoin or he is just mere destroying it slowly?
https://cryptoslate.com/saylor-advocates-ordinals-protocol-eyes-global-bitcoin-adoption/

Network Congestions. I felt this for the past weeks of using Bitcoin as means of my transactions and the fees was so high that I cannot accept it so what I did is just use Western Union instead to have a cheaper transaction. I don't think it was just me who experienced the same way, some may have used altcoins instead for a faster and cheaper transaction.
The question that circles my mind is if the intention of Saylor is really for the good of the network or is it just for self-interest. I pick the latter.

i laugh at the big mouths that say "we need to build on layer 2 and 3" to solve congestion.. while in the same breath being happy to congest bitcoin and not solve the congestion on bitcoin

in short they are saying "abandon bitcoin, we want it to be useless, use another network instead"

the reason they say this is becasue corporations cannot claim tx fee's on bitcoin mainnet. becasue bitcoins monetary policy does not use middle men claiming fees for relaying payments between peers. only mining pools do.

they dont want the expense of starting up asic farms and creating pools to claim those bitcoin fee's so instad they want to make silly altnets and try to recruit people away from bitcoin and over to their altnets that do require middlemen(federations, factories, routers) to process transactions and grab fees for it

ofcourse they will initially have low fee's but once they recruit enough idiots they will raise the fees once enough people are locked in. and ofcourse they will want bitcoin to be super expensive so that people are afraid to unlock and leave the altnet. .. thats the business plan.. so dont fall for it

this junk data of nonsense no intrinsic value json data they want to call tokens. is not about getting rich from tokenisation. its about bloating bitcoin and causing a fee mania to sucker people into leaving bitcoin to use another network which pretends to be a better bitcoin.. but these altnets are not. they have flaws in of themselves. dont fall for it

https://i.ibb.co/fMRKCFs/Saylor-Out-At-Sea.jpg (https://ibb.co/JnLbzt9)
https://i.ibb.co/sPmGkJC/Saylor-Out-At-Sea-2.jpg (https://imgbb.com/)
https://i.ibb.co/3zfCBHV/Saylor-Out-At-Sea-3.jpg (https://ibb.co/74g12FB)
https://i.ibb.co/sHGZw7d/Saylor-Out-At-Sea-4.jpg (https://ibb.co/wsXfWtF)
source: https://cryptoslate.com/saylor-advocates-ordinals-protocol-eyes-global-bitcoin-adoption

After reading the above article - You make the call if Michael Saylor is triggering a causation for destroying the bitcoin network with these ordinals or is it just assimilating to what other chains are offering.

I don't know much about these deep things of Bitcoin but upon reading your explanation, I do agree.
They are putting us back to the norm from the last decade when Bitcoin was not adopted yet. The "Middleman" dilemma. No more DIY and just let the miners do the fees but they want something blocking that transaction first and be paid for the entry fee. If the sudden increase in fees happens exaggeratedly, who knows how many Bitcoin supporters will stop using the King of all coins.
First, there's nothing wrong about Bitcoin, why fix it? It was not congested 3-4 weeks ago (iirc) until these memecoins popped out. It's so cheap that I won't even hesitate to use the fastest transaction available.

I bet there's another purpose on why he is doing it but of course he won't just shout it out to look like the devil of the crypto world.

Do see this featured subject here inline with what signatures are to identifying someone's ownership of that transaction.
Since they are both inscripted on the blockchain forever.
https://www.thecoinrepublic.com/2022/12/04/anonymous-bitcoin-miner-shows-off-the-oldest-signature

https://i.ibb.co/mhddCTR/Signature-Ohshi.jpg (https://ibb.co/9yBB9gp)

There is a clip from a financial media outlet that questions about cryptocurrency if these layer 2 advancements are needed since if you are denying it's existence you might as well block Web3 from your life aswell.

^I tried reading more to understand this and Layer 2. Thank you.

There are projects that came out from Layer 3 but uses a separate chain. CakeDefi is one.
IMO, all Bitcoin needs is the Layer 2 but only targets to make the transactions faster and cheaper and it will survive as the highest marketcap in the cryptocurrency industry. Bitcoin is designed to lessen the burden of those who pays more in their transactions due to middlemen. i.e. Western Union charges 5-10 percent of every transaction you make while in Bitcoin it's way lesser than that. I will even take the $1 fee for a $100 transaction and it's still cheap, way cheap.
A test of $100 transaction using WU.
https://i.ibb.co/zJ89B1L/wu.png (https://imgbb.com/)
I say Bitcoin chain doesn't need them, these tweaking of the Layer 3 just so they could be the same as what is happening on other chains like Ethereum.
Didn't we already learn something about how expensive Ethereum transaction are? A year ago, I tried sending Ethereum to a ERC20 wallet and it cost me an astonishing $5 just to do that, worst, it failed twice which took $10 from me.
Is it innovation or an addition to the suffering of those who really uses the service.

Completely agree with everything you have stated above @Reid

As this video I suggested in my earlier post outlines where bitcoin is headed if they put to play these instances you have mentioned with the layer 2 network and the introduction of Web3 as it can serve to lessen the transactions fees that puts the blockchain at such an underpass compared to other blockchains.

What's the future of crypto? - from TheEconomist
The financial revolution once promised by cryptocurrencies has been knocked off course by regulators and allegations of fraud.
So what does the future hold for crypto?

Cypherpunk stills and Eric Hughes interview under creative commons licence: https://econ.st/3Iijagn

00:00 - The crypto party is over
01:06 - The history
03:30 - What is crypto?
04:38 - Uses around the world
06:07 - Layer 2 solutions
07:12 - Web3
08:51 - Data and privacy
10:04 - What is the future of crypto?

Video: https://www.youtube.com/watch?v=5-rCKo4CBgM

It's crazy how something useless as pepe is doing so well than projects that have good meaning in this crypto space, what is Pepe solving? Yeah it's a meme coin but is it pumping so hard?

The congestion on Bitcoin is a big problem, if Ordinals existed to solve that it would have been a big success and someone like myself would have invested a lot in this project, but that's not the case here, Ordinals hard more to the problem of Bitcoin congestion.

Ordinals and BRC-20 makes no sense to me and this will likely drag Bitcoin down in it's transaction fee in 2024-2025 when a new ATH comes. Ordinals and BRC-20 is a big abominations that shouldn't have taken place on Bitcoin.

There seems to be two camps on this subject:
Those who are bitcoin maximalists and do not ever want to see it defiled in this manner with having ordinals ruining it's ecosystem.
Then there are those who want to see innovation and just purely accepting it can bring it that much closer to global acceptance thus adoption.

But many say: At what price?

Abomination. Dude, you hit the right word for it. But I am not sure about other people and there's a ton of supporters who are really hyping it despite the fact that it hurts those who are affected by the heavy traffic and expensive fees today. It really sucks just to see the prices and the time it will take.
And if they will add more, it will be chaos.

A friend shared me this clip, so I watched.
https://www.youtube.com/watch?v=b5wFLkvK_uw
https://i.ibb.co/ZmdwPxM/saylor.png (https://ibb.co/sHjDGqV)

I am not done watching it yet, but I heard him say in the first part "The paradigm shift happens every decade." My question is, "Is it the right time for a paradigm shift under Bitcoin?" (even if it's here for over a decade)
It also came from him that Bitcoin is still young. People are just starting to realize how good cryptocurrencies are especially Bitcoin when it comes to keeping their assets. But, when they start breaking it at this early stage, will the investors still see Bitcoin as a good investment considering the high fees and traffic? Bitcoin is his reserves, did he even think about that far before supporting the ordinals. I wish he is not making a big mistake here. I know he takes high risk but isn't this a bit far?

^^
Don't know how old that video interview was but it probably was well within the timeframe of when Saylor stated he was in favor of these abominations. He was documented on numerous podcasts and livestreams on mainstream media announcing his vote on having them on the bitcoin blockchain. For reasons of keeping miners receiving those enormous payouts.
So all about the money from a capitalist: https://www.mythofcapitalism.com/guides/michael-saylor-net-worth

If Microstrategy wanted to, they could dump all of Saylor's holdings in bitcoin and completely decimate the cryptocurreny market and have $1000 bitcoin prices of the cryptowinter we all remember from 2017.
source from The Motley Fool investors website: https://www.fool.com/investing/2023/02/08/invested-in-bitcoin-in-2017-youd-now-have

This video I had for a nearly a month on these memecoin trader's evolution. ;D
https://talkimg.com/images/2023/06/07/wV90z.jpeg
A.I. David Attenborough on memecoin trading.
https://twitter.com/0xSnailMoon/status/1657016895726395397

What happened here is quite easy to deduce, actually. BRC-20 Tokens (Bitcoin NFTs) became extremely popular and very easy to make profit from,especially considering how much money laundering must have been going on behind the scenes, from big players and exchanges. And some exchanges wanted a piece of the pie, as well. I am sure exchanges understood completely that they were basically scamming their users into buying these tokens but money is money.

Coinbase knows better than to step into a gray regulation zones which might make them look suspicious, which I am sure is the reason why they decided to distance themselves as far as possible from Pepe and other trashcoins.

Coinbase is in enough hotwater now with all these filings from the SEC against them. So maybe it was better of them not to get into something that is causing controversy within the crypto community at the moment.
They have been releasing several commercials on their socials trying to rally their customers behind them, not segregate them at this time of uncertainty.

Uniswap when comes to memecoin and the other token mostly will lot ahead of the Centralized Exchange it is simply because they get listed first and born in ETH or other evm chains ;D


Hahahha It is very very interesting but I am just very sad when comes to Twitter that some user buy at the top and blaming or just started done with crypto industry.

For some reason, people fell into this no-utility token and hoping the price is to the moon because listed on big centralized Exchange

The thing that is being done on twitter is they want to create an ecosystem with what they refer to as having users being able to send each other micropayments on the platform fluidly.
Now the speculation occurs when you stat to question, which cryptocurrency they will involve in their new system.
Many have stated they will just create their own and so to not have any others suddenly increase in it's value with a huge surge as we have already seen whenever he mentions doge or shiba inu.

Stop believing the bogus market cap and volume numbers they do.

if you continue to try your luck and take a lot of your pocket paper money. Maybe the hope of getting that $1 million has passed between those bogus volume parts even though there was only a $1000 total.

THE MEME MARKET IS FAKE. they do it the sneaky way by using the system the creators sell themselves to fix/fix/fake the price hoping some idiot will buy from them later.

My real question is whenever a new memecoin or shitcoin arrives/newly deployed in some chain why there are some people who believe and buy it.

and yes some developer are only copy paste code deploy and using twitter for marketing and boom you gained tons of a new user.

I don't know if the twitter want to create an ecosystem like that But elonmusk had the twitter maybe there is memecoin involved

It is still a new ecosystem that is why people believe in such blatant scams in the first place.
Being inexperienced in the cryptocurrency scene that is the sole reason why.

Some big news was released about Black Rock Capital wanting to open a spot ETF and having the Coinbase holding those bitcoin:
"BlackRock, the world's biggest asset manager, is close to filing an application for a Bitcoin ETF (exchange traded fund), according to a person familiar with the matter.
BlackRock will be using Coinbase (COIN) Custody for the ETF and the crypto exchange’s spot market data for pricing, the person said. Coinbase declined to comment.
BlackRock began working with Coinbase to make crypto directly available to institutional investors midway through last year."
source: https://www.coindesk.com/business/2023/06/15/blackrock-close-to-filing-bitcoin-etf-source

Live now. Michael Saylor.
https://www.youtube.com/watch?v=Zx186WuAnaQ
https://i.ibb.co/C1MLhbg/blackrock.png (https://imgbb.com/)
Let's hear that his take on this things. If you cannot get a hold of the live stream, I think they will have a copy of that interview so might as well just use that as you can also browse where you want to go or what you want to hear.

It's mostly like the first vid, but now there's the discussion about latest ideas about cryptocurrencies but I really want to hear from him what his take about the ordinal and Pepe. But I doubt he will in a serious talk like this.

Whenever a big player who is cryptocurrency starts to say this technology is groundbreaking and will bring innovation into the environment. You probably could take a guess they must own a majority of tokens or has a stake into the company inorder to so called 'Pump their bags!' game they always seem to take advantage of in the cryptocurrency market.

This is why we are seeing the BTC have a pump to $30,000 USD, my take here is people will be agitated again in getting into Bitcoin when a sudden change happens and this could be an opportunity for those who have a large amount of Bitcoin manipulate the market and when the company name is BlackRock the ETF will surely give many approvals to this kind of company and when BlackRock files for an ETF the market sit up and pay attention, but SEC is currently Suing many major companies that are filing an ETF approval, and BlackRock ETF now is called the iShares Bitcoin Trust, but why file now that the SEC is cracking down major filings for ETF so why BlackRock risk it now? and if SEC approves for BlackRock then a likely pump may happen (Not a financial Advisor so trade at your own risk)

^^
That is why they are saying BlackRock basically owns the SEC.
You may not know how large BlackRock is but in the United States they have their hands in everything from Oil & Gas companies to supermarkets where people go to get their groceries.

So they will not deny them the approval process when they want to enter into the cryptocurrency market.

But I digress, this thread isn't about the ETF approval they are seeking but about Bitcoin Ordinals and how Micheal Saylor is giving his thumbs up to it's usage on the bitcoin blockchain.
But these early transgressions will all fall together one way or another in due time.

Yup! totally agrees BlackRock is not a whale but a total behemoth larger than whales could be, they are a solidify big company that is well known in the mutual fund and it was pretty much well known in getting other funds from different companies that are how large BlackRock is, now we got an idea on how large this BlackRock is, now Michael Saylor approval on opening up about their Bitcoin venture well I really don't know his true motives are, but they will surely say this is for the greater common good but in the back of our heads we all know that this is money and money is the root of all,

And Together with Michael Saylor, BlackRock, Citadel, and now Fidelity they are aiming to make Bitcoin reach $1,000,000 USD per Bitcoin, and that could surely happen when you have those big company names backing Michael Saylor, and you will know that the price will reach that high in the future, here is the interview on Michael Saylor,

Michael Saylor: BlackRock, Citadel, & Fidelity Will Send Bitcoin to $1,000,000 (https://www.youtube.com/watch?v=riftrvAs9HE)

After playing with Terra Luna Classic and UST stable coin, dumping the market in May 2022, they will pump it next years and lift Bitcoin towards $1M.  :D

Citadel Securities, BlackRock Deny Involvement in Terra Fall (https://www.bloomberg.com/news/articles/2022-05-11/citadel-securities-says-not-involved-in-terra-stablecoin-crash)

They denied it but some community investigations show that they actually involved in that fiasco. If you are holder (you should be holder), you won't have to care too much about them. Let they play their games but they can not make you poor and steal your bitcoin, because you strongly hold your coins.

Bad, bald and b*tcha** Gary Gensler is at it again with the fud against Coinbase with wanting the court case to be rushed a month ahead of the scheduled pre=trial date of August 24th to July 13th.
https://talkimg.com/images/2023/06/30/S5EAZ.jpeg
https://cointelegraph.com/news/coinbase-sec-to-present-response-to-coinbase-s-legal-defense-on-july-13

Gary wants to be a hub of cryptocurrency market and want to be a star on Youtube, social media. He is addicted with power and recognition BUT by arbitrarily governing market for his own benefits and for related parties, perhaps, he looks like one of biggest scammer in a very young history of this market.

Gary Scammer, remember his name, years later we will have many things to talk about him in documentary.

Well @tranthidung it seems that bastard Gary will have no choice in the matter when it comes to his battle against Coinbase because they will be the custodians of the bitcoin and cryptocurrency when the spot bitcoin ETF is ever approved by his own sect explained below:

Coinbase Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say
The SEC told Cboe it needed to name its partner earlier Friday.
source: https://www.coindesk.com/policy/2023/06/30/coinbase-will-be-fidelitys-surveillance-partner-for-bitcoin-etf-refiled-application-says

Looks like you are right on this one, it's easier for the team to use money around 50$ to 100$ to buy their own tokens using different addresses and people will think that those are real buyers, I once believed that this is what is going on in Pepe world, and it's why I don't get involved with the meme coin.

The same thing could have one time happened with shiba inu too, and I read that 50% of it's max supply was given to Vitalik Buterin and he donated to some country to help some children in need.

It's easier for anyone to go with this strategy because if you sit and think about it, it makes sense.

WOW! After looking at BlackRock I really don't know how big of a company it is, and it could be a potential owner of SEC, and just like some are saying here it is a true behemoth on the market,

Well, we can not really know the real reason why Michael Saylor had given his thumbs up to Bitcoin usage and because of Bitcoin Ordinals every individual Satoshi will have extra data attached to every transaction, so I think they will not deny this because of the Bitcoin Ordinals that are encrypted in any Satoshi,


For me just don't become a FOMO with the sudden changes in the market I think you will be OK with it, I am a Holder if the market rises then I will be thankful for it if the market crashes then wait for the perfect timing to get back you coins are still there and never gone, I think the weak hands will not understand this simple solution to a problem of keep on holding, well there will be a time that those companies and Michael Saylor will want to manipulate the market again, but for me, they will and for me, their only goal could be to get money on what they will do, who doesn't want to profit in this kind of things,

Coinbase used in Blackrock's ETF filing so to abide by SEC's rules on having a security surveillance partner to appease the stringently strict cryptocurrency regulators overseeing this potential approval.
https://talkimg.com/images/2023/07/04/SOYC3.jpeg
https://decrypt.co/147177/blackrock-spot-bitcoin-etf-filing-sec-coinbase-surveillance
https://www.theblock.co/post/237563/blackrock-refile-for-spot-bitcoin-etf-naming-coinbase-as-surveillance-partner

Watching the news CNBC if I am correct right now many are just founded on what BlackRock is doing and because the SEC is very hostile to companies that are investing in Bitcoin they are questioning the recent BlackRock move and why they are doing this do They know something that we don't know what may happen, but in the recent move ETF have said no or they failed in getting the approval but right now BlackRock is showing the ETF that it has security and stability and with the recent filing of Approval they also now have Nasdaq, and Coinbase and also Coinbase approves to be regulated, but they also talked about BlackRock is not really wasting their time in doing this kind of things and they will surely and eventually get that approval, here is the News, https://www.youtube.com/watch?v=ngUo2-UDfQg

Well, if this ETF approval will go through what is likely we are going to see the value of Bitcoin now in the market and this is just the commotion on people becoming FOMO again, in this increasing value of Bitcoin going to $40,000 USD, well seen this on Twitter and we might see the future of Bitcoin is getting brighter and impending Bull Run will come, https://twitter.com/RichQuack/status/1675917613569040384

https://www.talkimg.com/images/2023/07/04/S0PLG.png

BlackRock and their CEO Larry Fink certainly are a funny bunch of people since they are literally backtracking of what they thought of bitcoin back in 2017.

"in 2017 when bitcoin was $5,800, Larry Fink said he's not interested because it's a tool for money laundry, this shows he didn't do his homework before speaking on the topic, it took BlackRock 6 years to change their mind and work towards adopting bitcoin."
https://talkimg.com/images/2023/07/06/ZuffH.jpeg
https://twitter.com/CryptoTea_/status/1676708895325134849

And now Larry Fink is now eating what he had said back then and has a change of heart towards Bitcoin from an index for Money Laundering to Bitcoin Could Revolutionize the Financial system, but surely both are true, for me it is the intention of the person in what to do with his Cryptocurrency or Bitcoin, but I guess BlackRock change of heart is too late now Fink have realized the potential of the Ledger Blockchain technology far too late and he even added instead of investing with gold that can be a hedge against inflation it is not sure enough but with Bitcoin as the international Asset it is not based on any one currency and it could play as an alternative, and it can also be used anytime, well her is his article

https://www.coindesk.com/business/2023/07/05/blackrock-ceo-larry-fink-says-bitcoin-could-revolutionize-finance/

https://www.talkimg.com/images/2023/07/09/ZRnPH.png

Right now the value of Bitcoin as I am posting this was at $30,153.16 USD it is stable enough to hold that position, but because the BlackRock application was on hold the buying parameters also slowed down, but it the BlackRock Approval confirms for me we could likely see the Bullish trend again, which many are still waiting,

The price of bitcoin hasn't really changed too drastically since the news broke a little over a week ago so I think the honeymoon period it's announcement of approval is over and the big corporate money is just slowly accumulating since some are predicting it to reach higher by year's end:
https://finbold.com/800-billion-standard-chartered-bank-predicts-bitcoin-to-hit-50000-by-end-of-2023

Surprised there's still a market cap for these things. After they peaked at whatever hundred million it was all the way back in May? June? They lost so much -- and from what I could tell last I looked, numbers only held steady because of hundreds of other new pepe coin lookalikes flooding in.

In effect, inflating market cap with thousands of new "coins".

Have to give credit where it's due though, they're still struggling when they should be dead in the water now.

^^
These markets have taken a life of it's own and individuals who you would had never have thought will ever utter the words of such projects have done so such as Michael Saylor.
They should eventually be forgotten like so many projects before them since there will always be a new iteration just wrapped around in a new disguise ready to manipulate the market again with another pump & dump scheme.
Heard of Pepe 2.0 yet?
https://finbold.com/pepe-2-0-rockets-almost-1000-in-a-week-can-it-hit-100m-market-cap
https://beincrypto.com/pepe-2-0-ath-these-meme-coins-next

It is a prime example of how this market manipulation can transpire in a short amount of time amounting in millions being made by such crafty individuals. Who tend to watch these markets frequently enough to know when to sell these washed altcoins.

^There's this saying that going against what Jim Cramer said on market analysis is the right thing to do. I don't know about that.
https://i.ibb.co/CWV4gTV/361063717-213166435031311-7265406324216355756-n.jpg (https://imgbb.com/)
I have never bought this meme coin, not even a single one of it.
Even if it goes as high as a shocking number, I will not. You are right @rdbase, there's obviously someone behind all of this and it's not actually different from other memecoins that was pumped and dumped. It's just a matter of time on when it will happen. These guys could be greedy, and they may want more as long as they can still fool their victims.

Soon, it will be like this.
https://i.ibb.co/cY3pzDP/361036579-1424258581762012-8076351729443741069-n.jpg (https://imgbb.com/)

I don't understand the change to Pepe 2.0, but I am reading a lot of rough comments about it and some investors suddenly doubting because of the fishy move. It will be sad to see a lot of investors crying in social media again but it's the risk they took. I will not laugh either, but it should be a good lesson when worst happens.

The picture above says it all for these sort of markets and all the manipulation that comes with it via main stream media or the cryptocurrency influencers from their dungeons who have a crypto channel on youtube:
Degen nation ;D

It seemed the SEC setup Coinbase to fail from the very beginning when they allowed to the company to go public with their IPO having months later filing a lawsuit against them.
https://cointelegraph.com/news/allowing-coinbase-to-go-public-was-not-a-blessing-of-the-business-sec

Having the courts ruling against the SEC in their biggest case to date against cryptocurrency last week, there shouldn't be any chance for them to win this one.

Im starting to think there is something more behind the lines between SEC and Coinbase and we cant see that. Im thinking about some political fight between democrats and republicans, but i really dont know, because WHY SEC keep trying to destroy the now only big exchange from USA.

Somebody can say to me, its because SEC its afraid of the movements and danger of bankrupcy of coinbase, but i dont think so. Maybe other big players wants to take the bussines so they want to put the Coinbase owners in a difficult position so they were forced to sell to Blackrock or whatever?.

Someone looking in from the outside might agree with you on it's actions are all politically motivated and are in the interests of the government and hence the SEC.
If one were to see beyond the veil of deceit covered over everybodies eyes, then you can come to the conclusion that the SEC are in full control of what is going on and what is to come when it comes to all of cryptocurreny regulations still to be determined.
There was a victory by them announced today on such rulings.

Yes i think you have plenty of reason indeed, but im marking one thing about the SEC and the Bitcoin in general are waiting for the next year elections on USA, i think most of the issue can be disipated there, i dont know if it gonna be good or bad for us.

I know the theorically its "indepent" like other things in our world like central banks, or the federal reserve in USA, but the politics have deep roots. And they move their threads in any organization.

So for me we are gonna se a much more clear panorama after USA elections with new, or not so new names and decissions.

This will change your view on what the SEC exactly are and how they operate:
The SEC has asked for more funding essentially a raise by the body of government who funds their operation.
The head of the SEC Gensler requested an additional $350million. The reasoning he gave of such a enormous request?
Because the need of more compliance in the financial sector of where they operate.
Just guess what sector he is talking about?
The cryptocurrency sector no doubt.

Gensler. ::)
https://crypto.news/ripple-ceo-questions-secs-crypto-jurisdiction-as-gensler-requests-more-funding/
"Political Power Play" yes, obviously. They want control, they want to know how much money is coming in, and they want some of it.

Then, an update about the Coinbase versus SEC case.
Coinbase vs SEC court dates confirmed for initial case arguments
https://i.ibb.co/VNH64KX/coinbase.png (https://imgbb.com/)
https://cointelegraph.com/news/coinbase-vs-sec-court-dates-confirmed
https://i.ibb.co/kQDs2Yk/coinbase1.png (https://ibb.co/xJgtqVP)
https://twitter.com/iampaulgrewal/status/1683121175893889025?s=20

And to those who are living in the places said, pleased be warned.
This is going to be a long journey for Coinbase, but I know they can settle things out. It's just a matter of time before they can clear this sh*t out. :D

This is is as close as the SEC will come to getting the court case ruling overturned in it's favor.

They had an appeal a few days ago citing that the secondary markets are in violation of the regulation they had imposed when it came to securities as the now Terra Luna case had closed with the founder found guilty and jailed.

The common law its based on jurisprudenci, so they need o stop to "lose" this kind of case, or start to win some of this case, so the justice can have more and more jurisprudence to based their court ruling.

I dont know what to thing on how this its gonna develop, SEC have a lot of power, so we cant shut victory.

By the word jurisprudence you mean jurisdiction, then yes. When it comes to Coinbase who is a cryptocurrency company based out of the United States then they have to follow certain sort of rules because of their location.
You can see this with the recent announcement they will cease allowing staking of assets to only certain states in their own country.

Coinbase has a blockchain that developers have been producing these memecoins instead of using the bitcoin blockchain for these ordinals.
The latest one was called bald I think due to the owner of Coinbase being this so they created a meme out of it and named the token. But since it was released last Friday the project had rug pulled their members and from what I heard the devs stole $22mln in only two/three days.
https://decrypt.co/150780/bald-token-liquidity-rug-pull-linked-to-sam-bankman-fried

The thing that is baffling is the blockchain was in testnet mode and not to released until later in the year according to this article:
"All of this drama occurred with one humorous caveat: the Base blockchain isn't even officially open to the public yet, with a proper launch expected later this year.
Base, built by crypto exchange Coinbase on OP Stack, launched its testnet in January and opened to builders in mid-July basis the submission of applications to Base. Traction has been scant, so far, except for Sunday when the likes of BALD led to a sudden rush in capital - and users - to the blockchain."
source: https://www.coindesk.com/markets/2023/08/01/bald-token-rugpull-may-have-links-to-sam-bankman-frieds-alameda-data-shows

You mean this one?
https://www.coindesk.com/markets/2023/07/31/bald-token-plunges-90-as-developer-pulls-liquidity/
I don't see the inception date, but I think this was created just recently and they really hyped it up at a high level but then it dropped to become a trash token.
Investors sentiment is also bearish, even in the lowest price, no one is buying it. This should be the time where we see the type of investors who likes to take advantage of the bear market of one token and yet nothing is going on.
They are busted obviously, and I don't think recovery will be soon, worst case scenario it will not happen. I am really sad for those who put their money here.

---

Gary Gensler takes some rest with cryptocurrencies, but that doesn't mean he forgets about the SEC cases especially with Coinbase.
Where his eyes at? AI technology.
https://www.nytimes.com/2023/08/07/business/dealbook/sec-gensler-ai.html
But Coinbase is not stopping despite that.
https://i.ibb.co/WVZL3tQ/coinbase.png (https://imgbb.com/)
https://dailyhodl.com/2023/08/05/top-us-crypto-exchange-coinbase-asks-court-to-toss-sec-lawsuit-accuses-the-regulator-of-violating-due-process/

^^
Yes that one. It was so brief it only was available for less than 96 hours then the developers scammed all their investors and rug pulled the project.

Not a good start for a blockchain's reputation of any potential innovations to come from serious projects in the future. Since it was still in it's testnet phase.

Today is the official start date of the blockchain since there was alot of activity starting with the increase in traffic.

Coinbase Layer 2 Base to Open Access for all Users on August 9 - The Defiant
https://thedefiant.io/coinbase-layer-2-base-to-open-access-for-all-users-on-august-9

Base Opens Mainnet To All Users - The Defiant
https://thedefiant.io/base-opens-mainnet-to-all-users

You mean they still started it despite what they have done? Not good.

Here is the latest news that I have seen about Coinbase.
https://protos.com/coinbases-base-rallies-thanks-to-bitclout-copycat-friend-tech/
Impressive and its all because of this.
https://i.ibb.co/9NJVyZD/coinbase2.png (https://imgbb.com/)

Hmm. So, they used the airdrop strategy to get more attention, but I wish this will not backfire to them. Most airdrop seekers are there to just take, sell, and run and that leaves the coin to be valued like a dust. The question is, where will the money come from when airdrop receivers try to sell what they got.
Old school but I doubt it will work in this era. We will see.

Mmmm what its this last news you bring?

Its Coinbase seeking for a change in thei thinking and cosmovision and make a lie to avoid a trial, or somethin related?

I dont know if im clear, but when they said they no longer see crypto as the future of finance, its a way to not official publicy something and avoid a trial for fraud in their claims or something?

Friend.tech surpasses 100k users in the latest craze comparable to the ICO tokenization of 2016. But only difference is it is using the BASE layer-2 network and uses alot of ethereum to run the protocol of Coinbase's newest project.

Also gaining major attention after having NBA players and co-founder of well known eSports clubs FaZe clan jumping onto the hype train.
https://www.coindesk.com/tech/2023/08/21/friendtech-becomes-massive-ether-money-machine-as-nba-players-faze-clan-join-in
https://talkimg.com/images/2023/08/22/MFK1m.jpeg
https://talkimg.com/images/2023/08/22/MFW8b.jpeg

Still, I am not yet convinced.
And I don't know why but I do believe in the negative views of the people in this link about that friendtech.
https://cointelegraph.com/news/friendtech-social-media-app-how-long-will-it-last
https://i.ibb.co/6ZS9k66/cointele.png (https://imgbb.com/)
https://i.ibb.co/pJsvDSF/yazan.png (https://imgbb.com/)
https://twitter.com/YazanXBT/status/1693086023058694222?s=20

"The price goes up too fast."
We've seen this before and we all know where it is going afterwards.
I get it, it's a bear market and most of us are looking for a way to make money the easy way. Sure friend.tech could be the answer for that, but it will also be the one reason of their fall.
I won't be surprised if SEC comes and knocking on their door again. :D

Coinbase still has a gripe with the SEC with hit pieces like this coming out in the last few days and has timed it perfectly with the head of the organization Gary Gensler taking a seat infront of a hearing committee during their testify against recent actions they have imposed on securities and other financial holdings such as bitcoin and cryptocurrencies:
"According to Coinbase, the SEC is pursuing an enforcement-only approach despite its chair Gary Gensler testifying to the U.S. House Committee on Financial Services in May of 2021 that domestic crypto exchanges do not have a regulatory framework either at the SEC or our sister agency, the U.S. Commodity Futures Trading Commission (CFTC).”
https://dailyhodl.com/2023/09/13/coinbase-says-sec-is-costing-the-us-millions-of-jobs-and-pushing-opportunities-offshore

^The statement of Coinbase is true and they must listen. Not only hear it.

If SEC keeps on doing this not only against Coinbase but every crypto exchange or local exchange, then it gives opportunity to other countries to be on front as early as possible while the US will be on back. What they are doing is destroying the entry of the new technology in their own country to boost their economic stability and to create more jobs. Well, Gary Gensler is a supporter of the AI technology, so I think he doesn't need manpower for it. :D Just kidding.

But let's be real, the cryptocurrency industry is so big now and many people actually have cryptocurrencies in their wallets, so I don't know they still keep on attacking Coinbase despite that reality. Regulate it, no problem. But don't destroy it by keeping this case long.

Source (https://finance.yahoo.com/news/it-would-certainly-help-if-gary-gensler-were-no-longer-sec-chair-coinbase-ceo-094104353.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAC1dpqR9R3YR2RW5UU881vshddBYJ1EDFP5o_hRDwfJ-_cz_3me7-TF_ToWQqGGTwZ3MZquCiEnToS69WB_Pi334OnH7D4hv4qSrw8gaufnadCD4XrUsJ2i0XVaZLkW51gGEARXdGRi0iJeSSwzz6LEMsLCjnF9fsLVNG50fRUBv)

Gary Gensler is a hot topic.

https://forkast.news/sec-chair-gensler-bipartisan-backlash-crypto-regulations/
https://i.ibb.co/db3fzCM/gensler.png (https://imgbb.com/)


I think Coinbase was the first one to spot what Gary Gensler is doing behind the scenes or behind SEC's name and now most cryptocurrency supporters both Republican and Democrats are in agreement with that. (correct me if I am wrong) Because they are the one who are attacked first by SEC filing the lawsuit months ago. But it was highlighted way farther when Grayscale is applying for the Bitcoin Spot ETF.
We could say Gary Gensler helped out getting peace to both parties in an unusual way. :D

Bitcoin Ordinals becomes a hotbed of NFT trading, will the trend sustain?
https://talkimg.com/images/2023/10/07/RaYxG.jpeg
"After a slow start, the Ordinals ecosystem exploded in March, with nearly 35 million inscriptions getting minted until September."
source: https://ambcrypto.com/bitcoin-ordinals-becomes-a-hotbed-of-nft-trading-will-the-trend-sustain

Bitcoin maximalists still see ordinals as heresy and an abomination to the blockchain.

^I still cannot understand how a value would go up with a simple text based NFT or let's say it's an image. Why not just buy Bitcoin itself. That's easier. :D

Here is a good read too.
https://blog.bitfinex.com/education/what-are-runes-in-bitcoin/
I don't know anything about Runes but I like the way they explained about Stamps.
We have already experienced the sudden increase in fees because of the heavy the traffic and I don't want to be in that position again just because of these ordinals.

Each satoshi being tagged with new information to become unique. Oh yes, that will be an added information in the Bitcoin blockchain which means more data and also means slower transactions.
I am not a Bitcoin maximalist but for me Bitcoin is still a baby, and the growth for supporters should be the focus and not dissecting it's blockchain by these ordinals. What happened during the higher fees months ago may have a bad effect on its supporters and investors. IMHO.

With the debacle of friend-tech recently, the cryptocurrency users of these nft-based rewards blockchains have seen how maniacal the whole & entire space can become.
As anyone can see the nft marketplace has also suffered and is not going to recover to what they were a few months ago.
Same will occur with these ordinals inscribed on the bitcoin blockchain.
They are just a passing fad and with recent events had been confirmed of adding no substance to cryptocurrency as a whole.

I hope so, i dont like what they brought in to the market or to the blockchain itself. Plus they start a war against the normal users of the BTC for example, it was a mini "civil war" between pro-ordinals and anti ordinals user, between conservatives form of user and new way of uses for the blockchain.

I think NFT can reamin in a niche or in the big industry like when you buy a car, shoes, art, etc and they were registered in some blockchain as a NFT so you can know they are original.

Coinbase Says SEC Is Attempting to ‘Redefine Definition of an Investment Contract’ (https://www.coindesk.com/policy/2023/10/25/coinbase-says-sec-is-attempting-to-redefine-definition-of-an-investment-contract/?_gl=1*wy7vkn*_up*MQ..*_ga*MTYyOTUxNzA1NC4xNjk4MjUyMTIy*_ga_VM3STRYVN8*MTY5ODI1MjEyMi4xLjEuMTY5ODI1NDA0NC4wLjAuMA..)



Maybe Coinbase should start becoming the new SEC. :D
But I do think that SEC will do anything to make the false to be true. Upon reading other articles about this, it seems like they "SEC" is really out of line because they are supposed to handle securities while other investment activities should fall to the Congress.
But SEC is like a rock, they are still arguing that other cryptocurrencies listed in Coinbase falls in their jurisdiction. This might become a very long fight.

SEC is not that vocal about Coinbase that they are about binance though i don't think they are biased about Coinbase. They are very upset about FTX and there is a rumor that FTX is going to relaunch so it can be SEC who is doing all this. They are not giving clear legislation about how a crypto will be considered as security, but they are very explicit about which crypto currencies they think are securities!

Not fully related to this one but in the recent days we have some declarations of Gary Gensler about BTC, and when i always listen or read him is the same feeling is like he spoke in one direction as Gary person and in the complete opposite way in Gary SEC employment.

Everyone can be diferent in your work than in your life, but in his case ocupying so important place i dont think he can play both profiles.

So something about Bitcoin Ordinals from BRC20Hub_ on X yesterday.
"Closing in on #Ethereum 🚀The #Bitcoin Ecosystem is rapidly expanding with a diverse range of projects fueling its growth!
Kudos to all contributing to the evolution of #BTC. Let's celebrate their innovative efforts!"
https://talkimg.com/images/2023/11/16/FQ5vC.jpeg
https://twitter.com/Brc20Hub_/status/1724819817985875970

So it does look like Ordinals are here to stay whether we as crypto journeymen like it or not!

Another Oracle project is working its way up. After the big airdrop of Pyth Network they are gaining more attention because of the promise of a faster data price feed.
A new competitor versus Chainlink.
The PYTH Airdrop Is Finally Here. But What Is Pyth Network? (https://www.coindesk.com/tech/2023/11/20/the-pyth-airdrop-is-finally-here-but-what-is-pyth-network/?_gl=1*msiqwg*_up*MQ..*_ga*NDAxMTkwNTM3LjE3MDExMjc4Mjg.*_ga_VM3STRYVN8*MTcwMTEyNzgyNy4xLjEuMTcwMTEyODMzNi4wLjAuMA..)
https://i.postimg.cc/1t53Kmqh/pyth.png (https://postimages.org/)

https://pyth.network/blog/pyth-launches-price-oracles-on-base-testnet

It is said to be the Chainlink killer and Coinbase don't want to be late, so they integrated Pyth with their Base project.

The Pyth network seems to be in the news lately with it reaching out to other chains the latest being the cronos chain which powers crypto.com's protocol of dapps and ecosystem.

After doing some research they have come up with BaseMax for Coinbase's base protocol now:
https://talkimg.com/images/2023/11/28/NQSUG.jpeg
https://twitter.com/PythNetwork/status/1729079545469206794

Whether the masses like it or not, some projects will still do so well than our beloved Bitcoin, I have said this not once and not twice that it's a new opportunity in front of us, we don't like these new kids, I get it, but that doesn't stop them to achieve billions in market cap, it's left for you though, as for me, I am here to make some insane money and use that to buy the safest digital asset, Bitcoin.

Pyth will do well, Ordinals aren't going nowhere for now, even the shitty meme coins will all pump, but taking profits off the table is the ultimate goal for smart investors, at the end of the day, these profit are going into Eth and Bitcoin.

We are all here to make money, while we hold Bitcoin it's even wiser to make more money from other assets too, I have missed some good ones in 2020 and 2021 but I promise it's not happening anymore.

Yes, but the main problem is, they are so many out there, and you need to know in wich one is really good, or wich proyect is gonna reach any level of capitalization. Is not so easy, a lot ended up losing money if you dont enter in the very early stages, and in some other really good one, you cant enter so early.

Wondering why the blockchain is so congested and the bitcoin transaction fees are so high lately?
While some call for purging the NFT-like inscriptions, others say they are good for the network.
https://talkimg.com/images/2023/12/08/NxxAZ.jpeg

Rising Bitcoin Fees Prompt Renewed Battle Over Ordinals, BRC-20 Tokens
"Bitcoin is booming, and so are network fees. Alongside the euphoria among investors over Bitcoin’s recent surge above $44,000—a 20-month high—increased network congestion is prompting another battle over the NFT-like Ordinals project and BRC-20 tokens."
source: https://decrypt.co/208945/rising-bitcoin-fees-prompt-renewed-battle-over-ordinals-brc-20-tokens

Interesting post on X from a professional on what these interference to the bitcoin network could impose further down the rabbit hole:
““Inscriptions’ are exploiting a vulnerability in Bitcoin Core to spam the blockchain,” Dashjr wrote on Twitter, adding that Bitcoin Core lets users limit the size of extra transaction data. “By obfuscating their data as program code, inscriptions bypass this limit.”
https://talkimg.com/images/2023/12/08/E2HQo.jpeg
https://www.x.com/LukeDashjr/status/1732204937466032285

Yeah, these fees are really hurting our wallets. I bet they are all going to point fingers on the Ordinals and BRC-20 tokens. Well, where else would they point it? :D
Then this happened.
Early Bitcoin Ordinals Art Sells for Record $450,000
https://decrypt.co/209032/early-bitcoin-ordinals-art-sells-for-record-450000
https://i.ibb.co/kDhsN9P/honey.png (https://imgbb.com/)

https://i.ibb.co/PCH174j/honey2.png (https://imgbb.com/)
https://x.com/TheOG_General/status/1732936469164048573?s=20
That I am speechless with because I am not the type who will waste such huge amount of money for an NFT or whatever they call it now. Up until now I still don't understand the real value of those digital arts. IMO, it's a waste of money that could've been used to just buy other important stuff or keep the Bitcoin as an asset.

So bitcoin developers are up in arms against how the bitcoin blockchain has been used by ordinals and see it as digital graffiti which needs to be wiped clean from anything to be done with bitcoin and its usage going forward.

Here is an article which describes what a hinderance these inscriptions can be to the future of the blockchain:
https://talkimg.com/images/2023/12/12/ETXWj.jpeg

Will ORDI Price Go to Zero If Bitcoin Ordinals Are Censored by bitcoin developers
https://beincrypto.com/bitcoin-ordinals-inscriptions-ordi-price

Without the proposal to censor Ordinals, Inscriptions on Bitcoin blockchain to reduce congestion in Bitcoin mempools, those BRC20 tokens and NFTs will fall to zero with time.

They will not have different endings than NFTs from Ethereum or Binance Smart Chain blockchains. Art NFT was sold in a half of million dollar, it's insane and in my opinion, there is no such value for those NFTs that were created as hooks to steal money from greedy people.

Have you heard of the lately and greatest thing in the meme space today?
BONK run on the Solana blockchain.
Not sure if this has to do with BRC-20 tokens as I have not followed the Solana technology at all. Since FTX and their blockchain going down multiple times. Only blockchain that is secure is BTC.
Remember this number one law of the blockchain.
But it must be making moves in the cryptocurrency space. Solana came out with a phone and it sold out due to them airdropping this BONK token on every phone that from today's markets is worth more than buying than the phone itself. So those who managed to get one got paid to purchase this phone.
They were selling out within hours of multiple units in a course of being released yesterday.
Now that is a way to sell a product in the cryptoverse.

why did you think only btc blockchain is secure?

scrypt LTC/Doge chains are secure.

Actually, this is the 1st time I have seen this BONK token but after seeing how it moves and how it dips it is surely Amazing now because I have seen that many buyers of BONK when it dips are now getting profited and it is crazy hearing that but this is just a meme coin that doesn't have any possibility of reaching the price of Bitcoin and that is for sure,

Solana technology is something really well-known right now, for sure those phones are not any other Android phones and that is called the Solana Saga that phone is like a cold wallet that is living inside the phone but a cold wallet that can be used for a transaction using just a finger print and that is called the seed vault for sure it is not like the other phones but it got to build in a cold wallet that is why it is really unique, while it looks amazing it only runs on Solana blockchain so maybe a $1000 USD price tag for this phone now it is $600 USD now, it is really worth it if the Blockchain is just Solana,

https://www.talkimg.com/images/2023/12/17/EgH68.png

Right now the meme coin you are talking about is plummeting down right now and for some weird cases there are people buying it, and they believe in buying this coin's dip, in my opinion, if the other token or coins have the same great community as Bonk just like Shiba Inu did back then this could become a potential stay in the Crypto, but this is running on Solana Blockchain right now and in some weird reasons because of the Solana Platform there are many still investing and believing the Bonk Inu right now actually I have bought Shiba Inu back then and my profit has raised on that Coin, but right now it didn't get up since then but it has some potential Right now there might be a burning that is happening right now and because of Bonk maybe Shiba Inu might get the hype again, and I am still hoping for that to happen,


I have seen the Solana Saga and right now there are people who misunderstand the Mobile device that has a Solana Saga system in it, for sure they are just comparing it to a normal Mobile device which is not a full review of what you know about an android device, which is some reviewer is taking off the main thing the Solana Saga phone made in purposed, and that was for people that wants a faster transaction using Solana, and a safer tool that has an easy access on your assets on this phone, and for sure biased people are not seeing the real purposed for this phone and I think it is a great addition for some players of a crypto game that wants easy access on their games assets,

This is really such a wild thing happening with bitcoin right now. Could ordinals become an even bigger hindrance and could the transactions keep becoming more and more expensive to process if this prolongs on the blockchain?

Yes but there are some real nonsense going on with those chains right now.
You seen this BEL token business that has been going on lately?
The creator of Doge coin had announced on his X feed what it is all about and it has skyrocketed the scrypt hashrate for the past few days only on the hype that it is backed by this: It was created before Litecoin and Doge.

Creator of Doge on X https://twitter.com/BillyM2k
https://talkimg.com/images/2023/12/20/I2SZg.jpeg
https://twitter.com/_Bellscoin/status/1735236630414344546

Can you really take a project seriously when they are basing their altcoin on a Nintendo Switch game targeted between tweens?
Think there is a thread on here from 2013 for this BEL token which I believe was before the creation of Dogecoin.

as long as there is demand to create and transfer ordinals at these fee levels then ya probably.
and even if it dies down and fees come down, that just means its now "cheep" to produce and trade ordinals, which might cause new poeple to mint more ordinals!

and its not just ordinals, we are entering a bull market for bitcoin and with that comes higher deamand for legit tranactions... fees are going to be out of this world pretty soon.

There are something in the works so to have inscriptions banned from the bitcoin blockchain all together.
Think it can be done with an upgrade such as taproot. I briefly heard about this bandage solution just recently by lobbying an association who is overseeing the actions of blockchain technology.
So at this point all we can do is wait and see.
But I do agree with you, it is definitely causing such congestion as of now and causing the fees for sending a transaction to rise with fighting for placement.

Yes, that's possible and we have seen it when PEPE was on the hype. We don't want something like that to happen in Bitcoin blockchain anymore because it might ruin it's reputation.

Trying to mimic that pet game Axie Infinity maybe? It worked out for them, but I don't think it can be repeated. Yes, according to the tweet it was made at that time, so they will be using a revived coin. Crap.

Phantom adds support for Bitcoin, Ordinals and BRC-20 tokens
I don't know if this is good news or not because somehow it invites more investors to buy Ordinals even the stupidest ones.

https://www.theblock.co/post/268707/phantom-adds-support-for-bitcoin-ordinals-and-brc-20-tokens

It is a smart decision from Phantom wallet team because this adoption for BRC20 tokens that are on fire, will help the wallet becomes more famous and can help it to get new users.

I am curious that what will benefit Phantom wallet more. According to their Terms (https://phantom.app/terms), they can charge fees on some services. I am not sure about the wallet because I never used it but a quick search shows, they are a multi-chain wallet so it is not technical problem for them to accept BRC20 tokens.

For users, who use Phantom wallet to mint and store BRC20 tokens, they will pay service fee to Phantom team but it is not a risk. The risk is how many BRC20 tokens can survive when the hype gone?

I hope those greed people actually did some research about deaths of altcoins and altcoin NFTs in the last bull run to two latest bearish years.

Very interesting developments on this new blockchains and this is how it should of been in the first place:
Have these networks such as ethereum/solana do these smart contracts and devving into web3 things such as NFT/Ordinals and leave the bitcoin network be a store of value for what it was intended to do.
With what has happened recently with network congestion cause the higher than usual sender's fee to transfer, this just shows bitcoin and it's blockchain was not meant for doing this sort of thing.
It is just not an efficient way to be using the network if it can be more effective to use those other blockchains instead.

@rdbase About the network congestion and high transaction fees. It actually divided Bitcoin supporters because there are still investors who would like to keep Bitcoin blockchain clean and I am actually one who supports that idea.
It sucks when you are a Bitcoin user, what more without those merchandise are being transacted with the use of Bitcoin? How about El Salvador? It will be difficult to say Bitcoin is really a currency if these things are happening. It will be kept as an asset like gold which I don't think is a good thing.

About those fees, here is the recent experiment of the article I bumped into and they are also blaming it to the ordinals which I believe is a fact.
https://decrypt.co/210168/bitcoin-fees-continue-to-surge-thanks-to-ordinal-mania


It's too high and it's an eyesore to see this kind of expensive fees.

Believe it or not those investors aren't who you would think they are.
In China there are conferences trying to onboard grandmas into this hype of ordinals.
When I first heard about it right before Chirstmas I thought it was a complete and utter joke.
But then these images surfaced showing another thing from those BONK tokens called WHEE:
https://talkimg.com/images/2024/01/02/sakCb.jpeg
https://talkimg.com/images/2024/01/02/saJEI.jpeg
https://twitter.com/markjeffrey/status/1736671688455254113

You can imagine how much money these elderly have from life savings and those individuals who promise them the world with these how to get rich fast schemes are just wolves in doge's clothing :D
https://talkimg.com/images/2024/01/02/saywg.jpeg
https://twitter.com/MacnBTC/status/1734963829992288664

The first thing that I noticed is the "Bitcion". Was this spelled right or are they trying to build a hype by spelling it wrong? :D
I read about this BONK thing somewhere in the Altcoin Discussion, I think one forum member made a thread about it.

"Getting dumped by a Chinese Grandma." Hilarious. That will be disrespectful for the traders of this ordinals listed by Binance.

I've just read this recently so I think I gotta share it.
https://news.bitcoin.com/coinbase-2024-outlook-marks-end-of-crypto-winter-ordinals-leading-nft-shift-heralds-era-of-prosperity
Coinbase 2024 Outlook Marks End of Crypto Winter, Ordinals Leading NFT Shift, Heralds Era of ProsperityNFT was not a successful project and I think that's the reason why investors will switch to something different but near same the project they supported and those are Ordinals. But I have big doubts that it will be successful  just because of that. There's a chance it will end the same way as NFT's.

@Reid
Not all projects are just rugpulls like these ones which are obvious to the well informed.
Coinbase is looking to list some which are doing well and have been around for several years now. The ones I have been watching are on the very network which I had mentioned earlier last month. And announced today they will be making a listing of them in the future.
This most certainly will increase the popularity of those projects and the pump in price will also follow.

Yeah, I do believe so too. There are good projects out there but let's take into account the percentage of that. I think it's very low.

And here comes another one.
Bitcoin Ordinals Welcomes Trump with Limited Edition Mugshot NFT Trading Cards
https://i.ibb.co/FX3F1Bs/Screenshot-2024-01-20-163358.png (https://imgbb.com/)
https://www.crypto-news-flash.com/bitcoin-ordinals-welcomes-trump-with-limited-edition-mugshot-nft-trading-cards/
I don't know. I won't buy it. But I guess Donald Trump's followers will not miss this one and I bet that will increase the demand of this certain ordinal.
Oh limited edition. Like Babe Ruth cards. ;D

Ordinals/NFTs are just a waste of time and space.

Never got into them and never will
If theres anything thats a rugpull scam in this world, its NFT's

Funny how you mentioned about Trump and his involvement into crypto.
A development team who created his Trump coin airdropped $6000 worth of the memecoins at the time and became $1 million worth in the cryptocurrency.
https://en.cryptonomist.ch/2024/01/23/donald-trump-earns-1-million-dollars-with-the-memecoin-that-bears-his-name
Who doesn't think he didn't cash that out and didn't care to dump the price to near zero.

Alot of people made millions and millions from Nft's and these meme coins out of gullible newbies

Do u guys think crypto would be in much better place of nfts were never a thing?

@rohang Don't think it would be actually.
My ideas about the whole craze has shifted since the Ordinals are of course driving up the bitcoin fees for transmitting on the network with excessive congestion but then it does give those gains to the miners for their work.
With the recent outage of the Solana network, it does show to secure the network further the more it is used no matter how it is used.
Bitcoin is the only network which hasn't had a major outage to the point of shutting it completely down like it has to so many other blockchains.

So in my view: "Let Them Cook!"

What I am seeing with the use of ordinals on the blockchain are causing chaos without using a better way to transfer payments via the bitcoin blockchain such as the lightning network.
Something called Quantum Cats created by Taproot Wizards processed millions of payments on the bitcoin blockchain with of course the cost amounting in high fees.

Taproot Wizards reveal Bitcoin's Onchain Payment struggle during multi-million dollar sale
https://talkimg.com/images/2024/02/21/YEqLG.jpeg
https://news.bitcoin.com/taproot-wizards-reveal-bitcoins-onchain-payment-struggles-during-15m-sale/

It seems like more and more tech is going to start taking advantage of the Lightning loophole to offer unique tokens on the Bitcoin blockchain.  I was just reading about the "first" ever ICO on the Bitcoin blockchain.  Sure, it's probably nonsense or a useless scam, but interesting that people keep building on this tech to offer new products.

Don't go investing in this because it's most likely worthless or a flat out scam, but for those interested in knowing what the heck I'm talking about: https://bitcoindogs.club/ - They seemed to spend a great deal of money on press releases, which is suspect in itself, but shows that people are still trying to build new classes of assets inside our crypto world.

Well, honestly speaking, even though there are a lot of haters on Pepe Coin, it is getting even hotter in this field. Actually, there are only two meme coins that I have, and they are Pepe and Shiba Inu. I also think that these two are okay to give me profit.

Especially in the Pepe coin, it will face the bull run that is coming for the first time in reality. No matter what others say that pepe coin is not good, I will still hold for it because many people have been humiliated for saying that pepe coin is not good.

There has and will always be traffic on uniswap.
That is a given when it comes to swapping out tokens to another in the transferring of value.
Where it shows is the increase in their own cryptocurrency $UNI going from over $7 to just under $11.96 earlier on the other day/
That is a massive increase of nearly 40%.

Pepe coin forks have surfaced aswell and the one which was created by a major influencer in the space Pauly called $PORK.
Here is the video about it which doesn't seem to do anything just like pepe:
https://www.youtube.com/watch?v=S7jX15b7f9I

As much as we like to believe that, there's a lot of people that don't believe that and they still think that these meme coins are their way of making something big for themselves, a lot of these people are so ingrained with the FOMO from Dogecoin that they're going to buy all the other meme coins out there in hopes that it's going to be the next Dogecoin without any regard from the fact that it's probably just some small group that are creating these meme coins from time to time to entice those suckers for more of their money, definitely there's a rigging in meme coins but people don't learn or they're ignoring it altogether because they want to believe in the impossible.

The way people have been perceiving this recent massive pump have made those same individuals to make a 180.
Anything to do with cryptocurrency has been pumping along with bitcoin, including NFTs and memecoins.

Just have a look at this post on X which makes sense of the recent increase of the cryptocurrency market:
https://talkimg.com/images/2024/02/27/YlC5g.jpeg

@rdbase You are right, this NFT's and Ordinals are really the beneficiaries of this Bitcoin surge and it's a fact. Altcoins have also experienced it so why not with Ordinals too. I am not a big supporter of such projects because it creates heavy traffic in the blockchain but we cannot deny that they will also be pulled up by the recent market surge of Bitcoin.

Here is some news about another Ordinal.
Bitcoin Dogs set to make history with first ever ICO on Bitcoin blockchain
https://cointelegraph.com/press-releases/bitcoin-dogs-set-to-make-history-with-first-ever-ico-on-bitcoin-blockchain?fbclid=IwAR3T0f_X_zlCTAUaACEuuedDVWZYuu5Am8L33ZAnoal1Sno-9l5wOuw0O28
https://i.ibb.co/HThdqmM/Screenshot-2024-02-28-083107.png
An ICO in the Bitcoin blockchain. I am amazed despite being against it. There's so much happening in the Bitcoin market today that most investors would rather just buy Bitcoin and be lazy.
But an ICO in this era? It could work since maybe investors did miss this kind of projects but there will still be doubts just like how the ICO's in the Ethereum chain was challenged due to the fact that it became a home of scammers.

@Reid
As I see it, better to have an active blockchain than one which is not used and so forth a dead one.
Have seen this happen where there is absolutely no traffic and this would mean the project to be viewed as dead.
Interesting how bitcoindogs would be running an ICO as these would be very much outlawed from what happened during that era with ethereum projects, as you had mentioned.
If they think this would bring more attention to what their offering is, then we will just have to see what transpires from having them run one.

Also talking about dogs in the cryptocurrency markets, there was a sudden increase to most of the popular memecoins which came from the somewhat successful of it's predecessor dogecoin yesterday of upto 440%.

Noteable of such a pump up in it's price was Shiba Inu.
Before it came crashing down by 50% during Asia trading commenced ahead of America's rally up passing 360% the day prior.

Here is the article from CoinDesk about the coin which stood out from it's counterparts in this 24 hour pump:

"Shiba Inu (SHIB) prices briefly fell 50% on U.S. exchange Coinbase (COIN) in early Asia morning hours on Tuesday before returning to normal in an unusual move.
SHIB slipped from $0.000044 to $0.000022 on Coinbase amid a bitcoin (BTC)-led sell-off among major tokens. Prices fell to an average of $0.000036 on other exchanges, such as Bybit and Kraken, marking the Coinbase drop as an anomaly.
Such drops usually occur when a sell order exceeds the available market depth – or liquidity at any given point on a certain exchange. As of European morning hours, SHIB has a market depth of $1.2 million on Coinbase."
source:  https://www.coindesk.com/markets/2024/03/05/shiba-inu-prices-briefly-dropped-50-on-coinbase

After listings on the exchange platform, these memecoins and gaming coins see an increase of their market price shoot-up considerably:
https://www.fxstreet.com/cryptocurrencies/news/dogecoin-soars-nearly-20-after-coinbase-announces-listing-of-doge-derivatives-202403211237
https://dailyhodl.com/2024/03/21/ethereum-based-gaming-altcoin-leaps-after-coinbase-listing-announcement

For those who believe in serious cryptocurrencies you would be hearing about a Dogecoin Futures market.
But here we are.

Holy crap!
Base TVL doubles in a month as pundits tip memecoins to drive adoption
https://cointelegraph.com/news/coinbase-network-base-tvl-doubles-month-memecoins-drive-adoption?fbclid=IwAR2vNWi9eNfPr2WKP4bv2vIGbsF8WBJPzDvE7gPtkk369s4S8a7e90LQuy0
https://i.ibb.co/7GWSzL9/Screenshot-2024-03-26-000258.png
What the heck did I just read.

Is this really the thing now? Memecoins?
It's a crazy year and I think they are messing in the wrong side. Just my two cents.

^^
You know the top is in when the cat memecoins are outdoing the dog ones! ;D
Think I saw catbatman coin so you knew the top of the market has already been met then the cryptomarket dumped hard yesterday.

As for bitcoin ordinals after this announcement today it would seem Coinbase will have no other choice but to give in to the memecoin craze on the bitcoin blockchain now:
https://talkimg.com/images/2024/04/04/V1tml.jpeg
https://twitter.com/BitcoinMagazine/status/1775807593954398615

Would you believe this now over a month later from you assumption of this market?
Bitcoin is coming to it's all time high once again at $73,700. Reaching $72,500 this morning from the weekend.

There is the biggest increase for a dog meme coin which has been pumped from it's announcement for it to be on the sphere in Las Vegas three weeks ago from a crowd funded project just at the beginning of the year:
https://cointelegraph.com/news/dogwifhat-price-hits-record-high-las-vegas-sphere-crowdfund
Even Cryptobanter had a feature on their cryptochannel when it was crowdfunding.
https://www.youtube.com/watch?v=RRcc-MHVrNo

It's price has reached $4.20usd as it's all time high this morning:
https://talkimg.com/images/2024/04/08/VDjaT.jpeghttps://talkimg.com/images/2024/04/08/VDrTl.jpeg

The bitcoin halving is scheduled to drop on 4/20 of this month.
So see this as you will. If it does, you will certainly see the former ceo of X post about it like he has in the past.

Some news on the lawsuit from the SEC on Coinbase was released the other day so it would be interesting to see how this affects their business structure going forward as this won't be any issue towards their own blockchain project and actually would bolster it's use case:
https://cointelegraph.com/news/coinbase-cleared-in-lawsuit-over-crypto-transactions

Some rather interesting news concerning the halving and ordinals on the bitcoin blockchain.
https://talkimg.com/images/2024/04/17/jfiyw.jpeg
source: https://www.coindesk.com/consensus-magazine/2024/04/15/bitcoin-halving-has-crypto-miners-racing-for-epic-sat-potentially-worth-millions

$50 million dollars for this sat? Even if they call it the epic sat I can not see it being worth this much.
Now the genesis block. Well that is another matter since bitcoin's value increased several thousand fold since it's inception.

Coinbase maintains a bullish in the first quarter of 2024 performance
https://www.msn.com/en-us/money/markets/coinbase-maintains-a-bullish-in-the-first-quarter-of-2024-performance/ar-AA1o6p7P?ocid=BingNewsSerp
https://i.ibb.co/N1kmCBq/Screenshot-2024-05-04-010042.png
https://x.com/W3Vibes/status/1786346436587630637

Taking advantage of the volatility. Well, they did their homework and I cannot say it's stolen funds, those came mostly from transaction fees which users do agree with the terms and conditions which means it's all legal.
I have not used this service and I don't know how much their fees are but due it's high popularity, I bet many customers are using it if they can gain this huge amount in a year. That may be the reason why SEC's eyes is always in them.  :D