1) high April 13, 2013, bottom July 1, 2013, then a lot of X's for the new year
2) high June 5, 2017, bottom July 10, 2017, then a lot of x's for the new year
3) high April 12, 2021, bottom ... july 2021, then a lot of x's for the new year
Sorry to ruin your pattern, but you neglected to include these ATHs: 4) high June 8, 2011, bottom November 19, 2011 5) high December 5, 2013, bottom January 14, 2015 6) high December 17, 2017, bottom December 15, 2018 Actually, he didn't. That December 5, 2013 high you are mentioning IS the lot of X's for the new year that he is talking about. That December 17, 2017 high you are mentioning IS the lot of X's for the new year that he is talking about. I don't know exactly what "a lot of X's" means, but my point is that he is hiding events that don't fit his pattern in order to claim that there is a pattern Also, there were other significant events that I omitted because they happened more quickly. Such as: 7 ) high June 26, 2019, bottom March 13, 2020 (though it wasn't an ATH) 8 ) high January 8, 2021, bottom January 27, 2021 Disclaimer: ...
I am in complete agreement, though nobody has yet described a concrete mechanism by which the halvings affect the price (other than psychological), so I remain skeptical. |
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1) high April 13, 2013, bottom July 1, 2013, then a lot of X's for the new year
2) high June 5, 2017, bottom July 10, 2017, then a lot of x's for the new year
3) high April 12, 2021, bottom ... july 2021, then a lot of x's for the new year
Sorry to ruin your pattern, but you neglected to include these ATHs: 4) high June 8, 2011, bottom November 19, 2011 5) high December 5, 2013, bottom January 14, 2015 6) high December 17, 2017, bottom December 15, 2018 |
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If a UTXO is spent on both chains but differently, then one of the transactions (and all of its subsequent UTXOs) will become invalid when the chains are reconciled. Even if a UTXO is only spent on one chain, as would be the case in two completely separate internets as Jet Cash has described, then there will still be a huge number of transactions and their descendants which would immediately become invalid if the chain with the lower work was abandoned. In a reorg, the unique transactions in the shorter chain are returned to the mempool and re-confirmed in subsequent blocks. |
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You keep repeating these "proofs", but simply repeating them does not make them true. You can't make a universe like ours exist without God. The scientific proof is found in combining cause-and-effect with entropy (reduction of complexity), and with the amount of complexity we have.
You assume that the original complexity of the universe could only come from a god, and therefore a god must exist. That is a logical fallacy called "begging the question". The second is that the universe is a machine made up of machines. All machines that we know of have makers. God is the universe machine Maker. We have no evidence of any machine having been made without a maker.
I have already demonstrated that the water cycle is a machine with no known maker. Therefore, you cannot claim that "all machines that we know of have makers". Furthermore, the lack of evidence of the water cycle being created without a maker is not proof that it has a maker. Inability to prove a statement is not proof that the opposite of the statement is true. |
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The primary problems that reconciling the split cause are the invalidation of block rewards and the possibility of double spending. - Block rewards in the shorter chain would be invalidated. That could create a huge problem if the split is longer than 100 blocks and the miners spend their block rewards.
- If a UTXO is spent on both chains but differently, then one of the transactions (and all of its subsequent UTXOs) will become invalid when the chains are reconciled.
For that reason, I believe that the users of one or both of the chains would probably do a hard fork in order to avoid this situation. |
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I need advice and motivation of all senior and expert members present on this platform how can we achieve high rank.
Every member present on this platform give your opinion and tell one by one tips how we can easily achieve high rank?
Does High and Low Rank Affect Our Pay?
If you are here to learn, then welcome. My advice is to read a lot before posting. If you read as much as you can, then you will be better informed and people will find your your posts to be more beneficial, and you will earn merits. On the other hand, if you are here only to make money by posting, then you have come to the wrong place. |
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Thanks for your comments and i agree that theres no point in introducing yet another local currency.
The idea of citycoins is to enable stakeholders to buy-in into a city that resonates with them and have conviction in their growth. Not so much as a local currency to be spending on everyday item.
So, then your proposal is to sell a coin that represents equity in a city, and I could own 10% of Miami, for example. What would that mean? What would be my incentive? Would I receive dividends? Would I get 10% of the vote? Or is it a stablecoin, and I am loaning the city money when I buy the coin? |
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There have been many attempts at local currencies in the past. None have succeeded in any significant way.
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Hi this is a random question but is it possible for my seed phrase on hardware wallet to be compromised by an app using my iPhone microphone ? I was singing my seed phrase to memorize it and realized my phone was right next to me. I’m also kinda high and paranoid? I see lots of posts about ppl taking photos of their phrases and losing their coins so I didn’t know if saying my phrase out loud was a bad idea.
I think that the probability of forgetting the phrase is much much higher than the probability that someone recorded you. |
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My question, as Bitcoin is massively adopted as a legal tender, despite being a decentralized system, does it have a design or policy that will do exactly what the countercyclical fiscal policy does?
Fiscal policy is determined by a government and Bitcoin is independent of any government. But, that doesn't mean that a government that adopts Bitcoin couldn't have a fiscal policy. Furthermore, Bitcoin is not immune to fractional reserve banking so a government can also set monetary policy by controlling interest rates, though it would be much less effective than if it also controlled the monetary base. |
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I would think "the real value of bitcoin" is most likely its production cost. In other words how much it costs to make mine each coin?
Actually, it is the other way around. The production cost depends on the price due to the economics of mining. Also, the value of a bitcoin is subjective -- different for each person. I think that price is an effective representation of the aggregate value assuming that the markets are liquid and efficient. |
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Does anyone here engage in Tax Loss Harvesting? This is a method to bring forward losses, which can be used to offset capital gains later down the track. But I'm struggling to see the benefits vs just hodling.
Tax-loss harvesting does not affect your gains. It only affects the accounting. The purpose of tax-loss harvesting has nothing to do with the specific asset. It is simply a way to reduce your capital gains in a particular year for whatever reason you may want to do that. Here is a specific example for the U.S.: Suppose you sell asset A and have long-term capital gains of $500,000. The gains above $445,850 are taxed at 20%. If you sell another asset B for a loss of $54,150, then you will avoid the 20% tax. Later when you sell asset B (assuming that you bought it back), the gain will be greater than if you didn't sell at a loss, but it will be taxed below 20% if the gain is below $445,850. In short, you have reduced your taxes by spreading the gains out over two years. |
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A few years later, a QQ stranger found me. He said I am David Kleiman, ... Then he gave me two private-keys and some mnemonic words, saying that they belonged to me, ...
Nice try. I guess you aren't aware that Dave Kleiman died before BIP-39 was drafted. |
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So long as the addresses involved are not connected to any centralized service. There is no way the public can know about the identity of the sender and receiver of a bitcoin transaction.
If you send bitcoins to a merchant (for example), who isn't "centralized service", the public can still know your identity if the merchant makes the transaction public. Furthermore, while individual leaks of privacy and anonymity might seem small and inconsequential, a dedicated and comprehensive effort by any entity, such as Facebook, Google, or a blockchain surveillance company, can uncover information about you and your identity, by collecting and analyzing huge amounts of data. |
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Please tell me, after you spend a few seconds to look at those charts.
Would you call Amazon, Google, Facebook stocks have biggest bubble in history, at specific time of their serious macro corrections? Are their corrections better or worst than Bitcoin corrections?
Your charts are incredibly misleading. The vertical ranges of the charts are very different: GOOGL: 75 AMZN: 6000 FB: 20 XBT: 10,000,000 |
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I don't really know if I can give you scientific proof. But just take a look at natural things around you such like sky, ocean , animals then ask your self if all this things just happened like that and they do not have beginning. Just try imagine if things can just form by itself if not God
Ignorance is not proof. Your lack of imagination is not proof. |
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He sites that the community has become a religion to the maximalists, resistant to change in any meaningful way. He talks about how Taproot should have happened a long time ago and is shocked at how long it takes this community to produce upgrades for a system that is already so far behind. He argues that a currency with a single-use-case scenario (Bitcoin) will eventually be left in the dust to more ambitious projects that aim to solve more problems. Brushing off the fact that Bitcoin is the strongest reserve currency in crypto or the world.
I don't see anything wrong with his opinions. They show his preferences and they are not based in ignorance. Personally, I'm not bothered by the educated opinions of others. I feel no need to defend Bitcoin, except to dispel the myths and misconceptions. Bitcoin may become the most important invention in the 21st century, or it may fade into obscurity or be reduced to nostalgia. People that pin their hopes and dreams on Bitcoin are missing the point. |
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What do you think, do you think Bitcoin will become the biggest bubble economy in history?
The market cap of the South Sea Company far exceeded the GDP of Britain at the time of its bubble. Its crash caused a major economic crisis. In order for a Bitcoin failure to have the same impact, it must be get much bigger first. Bitcoin has been in existence for 10 years and within those 10 years and until now a segment of our populations still think that Bitcoin is a big bubble. Waiting for 10 long years is convincing enough that there is something more to Bitcoin than what some perceive it to be. No bubble will last for more than 10 years and still alive, well and kicking.
The South Sea Company was established in 1711. The price crashed nine years later, in 1720. |
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Bitcoin in its current state is not capable of supporting world-wide adoption of Lightning. Other solutions will need to be developed.
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