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But cloud mining was mostly a scam. I had a short flirt and barely managed to make a few sats before they changed the conditions. This feels different. Scamming 275k$ whales that can sue your ass looks like poor financial planning.
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Edit: Strange thing is, ATH for € is coming much sooner than ATH for $. Why? Maybe €/$ exchange rate differences between ATHs?
I guess EUR/USD price differences are too easy to arb for them to last long. Rather, I don't understand the present high value of USD with respect to EUR and UKP. USA are well ahead of other nations in their brrrr work. It must be the market's bet on quicker recovery of the economy in the US than elsewhere. Europeans are just better in building walls, they are simply harder to take down and consequently last a lot longer. http://roma.andreapollett.com/S4/walls.htmhttps://www.bbc.com/news/world-us-canada-51307868I see your point (I think I merited one of your posts about that in the past), but now I was referring to the actual level of USD/EUR and USD/UKP - apart from btc exchange rate considerations. |
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Blockstream Issues Security Token Tied to Bitcoin Hashrate, Payable in BTC https://www.coindesk.com/blockstream-security-token-bitcoin-hashrate-payable-bitcoinWhat do you think of these hashrate tokens? The first batch will be sold in minimum lots of ~275k$, so it's only for whales, but they will be traded OTC in 0.1x lots. What looks nice to clueless me is they sell at a discount to actual mining hardware. And, more importantly, the buyer is not subject to issues with delivery, operation, maintenance etc. of actual ASICs. Are they a thing? Can they become a thing in due time? |
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Edit: Strange thing is, ATH for € is coming much sooner than ATH for $. Why? Maybe €/$ exchange rate differences between ATHs?
I guess EUR/USD price differences are too easy to arb for them to last long. Rather, I don't understand the present high value of USD with respect to EUR and UKP. USA are well ahead of other nations in their brrrr work. It must be the market's bet on quicker recovery of the economy in the US than elsewhere. |
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I don't claim to fully understand the implications of ETFs getting into Bitcoin. Neither do I, but... At first thought it seems to be a positive thing (mass adoption, recognition, etc.). But, something makes me feel a little wary about such big players entering this space. All those massively powerful entities will have the power to greatly influence the market, and we must assume that their motives will not necessarily be pro-Bitcoin.
The problem is they will be able to do so without buying a single satoshi. That's why I advocate strict 'in kind' redemption (physical) and fastidious auditing. Which can only be done on the etf issuer reserves: it is impossible to do on the etf stock once it is out on the market. For a reminder, think of other stocks with short interest ABOVE the float. It has happened, it happens everyday. GME is the latest famous example. And the asses of the shorters were saved by some opaque chain of factors - Robinhood, the clearinghouse, the antiquate short reporting system (they are going to update it to "within a working day" or so - why don't they use a friggin' blockchain or something?) - we will likely never know. As a final note, I got my skin off GME while still decently in the green as soon as I understood that wielding my diamond hands would have given me no super tendies. |
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The way I see it, cash settled can "wag the dog" almost as powerfully - at least if the ETF issuer has any clearinghouse function: if number go up, any redeeming of ETF stock must follow the price, basically forcing whoever clears the stocks to hedge against price moves by holding physical btc or other reliable derivatives.
Now let's forget about this for a moment and consider a hypothetical situation: what happens to "the number" when someone short sells, or naked short sells, a btc ETF with the might of a full brrr press?
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Since when we saw the tail wagging the dog (derivatives dragging corn down), I've become wary. TPTB have an unlimited amount of shiat money to throw at any ETF. Then who audits the ETF? Who audits the auditors? Physical corn, on the other hand, has this self custody thing that is very very hard to dodge...  |
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Edit: Oh, and trust me on this: I'm extremely picky about typography, maybe as picky as you, if not more! This is not meant as an offensive comment. I think there are very few of us left. I'm always happy when I find another one...
At least three in the WO. Be happy! |
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"For every price dump,
There will always be a pump."
Newton, version 2.
#itsgoingupforeverlaurahaiku
For every price pump There will always be a dump Newton for the bears #haiku |
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I find it funny when I read Bounty/Signature campaigns proudly highlight
Posts on the Wall Observer won’t be counted. I mean why? Why??
Because we're harder to shill here. |
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Bears still try to put up a fight because know their days are not counted. Their HOURS are!  |
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It seems whatever your brain latches on first.
One time I looked and it was cw, next time ccw.
disturbing.
EDIT: It changes if I close one eye.
EDIT 2: Here is another anecdote-there is a spot in your retina, which has no light receptors, called the optic disk (blind spot). Yet, you don't see a round hole in your vision field.
Your brain performs 'filling-in', like an advanced photoshop and you don't notice anything unusual, the field of vision is smooth. There is some way you can find the blind spot, but it is a bit involved.
Use something small - like a small coin in your hand. Keep it on the side, far from the center of your visual field. For example, keep your arm extended forward while you hold the coin. Look and focus straight ahead, so the coin is on the side of your vision. Slowly bring your hand closer until the coin is "gone". They key is: don't look at the coin. Keep looking ahead. The blind spot is on the side, and you will find it when your hand (that is, the coin) is at the right distance. It seems whatever your brain latches on first.
One time I looked and it was cw, next time ccw.
disturbing.
its also started one way and then reversed and gone the other way half way through a couple times. CW for me now, on first (re)sight! It really is unstable, but when it settles it's harder to "flip" than the dishes. |
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I can manage the dishes just fine and flip them in my head. The rotating ballerina is harder. When seeing it first (scroll out, then back in), it's always CCW to me. It takes some time and conscious effort to make it spin clockwise. Is it a brain hemisphere thing (right handed vs lefty)?
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We all knew about your Mexican love story. What I missed was the marriage bit. We'd already been together some time before I told her I was a hodler
No words to the wise. Go Jimbo, go! |
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Best way to manage these issues: never tell the SO you have bitcoin. Second best: don't say how much, just some pocket money for the lulz. These strategies come handy if she ever turns her back on you, too. Unrelated, since Jimbo seems to have done pretty well for himself - under all respects: job, finance, women - but... my wife
 I must've missed the fact you got married! Congrats man, you're a true legend. |
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First, they forced the guy to commit suicide in lieu of imminent chemical castration ordered as a punishment for being gay. Now they put him on a 50 pound note. It's like...oopsie.."He wouldn't mind". Just look at that...they like to celebrate the dead, not the living. https://www.youtube.com/watch?v=JepmXCFFU_o@Biodom +1 on Alan Turing. Shame, shame, shame. He not only was a world class scientist: he also contributed to saving his country's ass during the war. Well, when you nail a guy to a tree for the crime of saying people should be nicer to each other, then make him a God you know you're dealing with a weird species. Very little surprises me these days.
As for the guy nailed to the tree, if you're referring to the very famous guy (but not quite as famous as John Lennon back in the day), that was the common death punishment for slaves and lower classes. People in militarily occupied areas would be just a step above slaves - no citizenship. And it was not for saying people should be nicer to each other, but for being a local making trouble - we no want no revolutionaries here. |
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Me no want apple me want banana. |
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Is it just me, or is this the usual coindesk nonsense? https://www.coindesk.com/market-wrap-bitcoin-slips-friday-6b-options-expiryAccording to Messari research analyst Ryan Watkins, Ethereum is at risk of becoming “dollarized” because of the prevalence of stablecoins including tether (USDT) and USD coin (USDC).
“Ethereum has dollarized, and the dollar is ultimately controlled by the Federal Reserve, clouding dreams of an independent monetary system,” he wrote.
The market has taken notice, and one solution might be so-called non-pegged stablecoins. By sacrificing a “fixed exchange rate,” one of three points in a triangular currency model known as “the impossible trinity,” a new type of stablecoin might be able to achieve an independent monetary policy.
What does "non-pegged stablecoin" (NPS) mean? Stable as in... 1 NPS = 1 NPS? It doesn't work that way. Not unless you change the units from NPS to BTC. |
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What's happening now is exactly like 2017, I member. We are on for $100k April now confirmed!
tell us, Hhampuz, in what part of 2017 are we because a lot happened in 2017 and there are various parts that are somewhat different from other parts, even if the parts can be chronologically strung together. Eek. If my line is right... we are in for some rough waters... *edit* On the daily we are still good... barely.  Stop doing whatever it is you're doing! You're making Bitcoin fall! edit: it looks like that line you drew might be support again. Seems to be oscillating over it. edit2: shit. Anyway, I wont be able to watch - I have to go to work  Well all my silly lines are busted... but now we are bouncing off the way more important 50dma. So if it breaks under that it ain't my fault! Well, and I REALLY do not want to see it break under that one... :/ I just checked with bitcoin, and s/he/it is considering what you want. You will hear back later, aka soon. tm Tomorrow this Contract Will Expire for 6.1 Billion Bitcoin Option and EXPIRY FAVORS BULLISH TRADERS It clearly means there are lot more traders with LONG Positions and Whenever this happens we see Sudden DIP IN Bitcoin and this is exactly what is happening as whales make money always by moving the market against the market . So i believe there is nothing to be worried for even if we see BTC to break $50000 mark today as it will just be done to liquidate most of Positions . AND THEN WE WILL SEE IT MOVING UP AGAIN . Quoted from Wise advice channel. I concur with your analysys, to the point of asking "At what time is expiry?"  |
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Ehm... I am not done yet  |
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