A ver, si en 2012 los eth costaban $1, los hubiera conservado hoy serían 379 veces mas dólares, es decir en lugar de $40 000 tendría $15 millones de dólares.

PERO, si en 2012 compraba bitcoin, a $10 con esos 40mil dólares, tendría 4000 bitcoin. Y hoy 4000 bitcoin son nada mas y nada menos que 44 millones de dólares...

Si, pudo ser peor. No olviden que el par de pizzas costaron 10mil bitcoins, que hoy serían 113 millones de dólares.

La buena noticia es que esas extravagancias con el tiempo no hacen mas que encoger. Esas gigantescas ganancias eran posible al principio, ya no. Ahora estamos en la etapa de madurez, en lugar de gran ganancia a corto plazo, lo que bitcoin te da es un medio para preservar la riqueza, ante el posible colapso de las monedas fiat a nivel mundial.

Como un artículo reciente que vi: 22% de los dólares americanos en existencia se imprimieron en 2020. Y los de mi país sabemos muy bien a donde puede llevar eso. Si, puede que la economía americana sea mucho mas fuerte y el hecho de que casi todo el mundo (ciegamente) use al dólar americano como patrón les otorgue cierta flexibilidad, pero todo tiene su limite...

Ningún político, institución pública o privada debería tener el poder de jugar con la riqueza de las personas así. Si cae el dólar arrastrará las otra fiat y entraremos en (otra) crisis mundial "sin precedentes".

En realidad los ciclos de burbuja / estallido son inherentes al sistema económico imperante. La única forma de salir de esa trampa es aplicando las enseñanzas de la escuela Austríaca de economía, y salir de los postulados de la escuela de Chicago. Pasar de la economía de la deuda a la economía del ahorro, y de las monedas inflacionarias al valor que preserva su poder de compra en el tiempo...

Not sure about a "Death ray", but surely it would have been unhealthy to keep those things running around. If being close today to microwave radio towers (or powerlines) is considered harmful, just imagine with these things literally electrifying the whole world... Well it might be "Death" to all in slow motion i guess? I can imagine the comic book writers of the day had a lot of fun with such a real life inspiration. Yeah i know its low current but still, things like computers could probably not even work unless enclosed in faraday cages.

So i imagine he planned to time them in some way to "move it"?, doubt he would have pulled it off. Project Philadelphia?

Actually people confuse fantasy with history. What this tower would have done is a crude way of worldwide communication. Electricity does not travel efficiently by air. His previous experiments could light some bulbs wirelessly but start trying serious loads and it just can't cope with it, at the heavy cost of electromagnetic noise all over the planet.

It is a matter of efficiency, its just too inefficient. Even modern wireless charging devices work across short distances. When you use a Tesla coil and make a light arch touch the target, that is actually even better than current wireless methods, but, with the high voltage required its terribly inefficient.

You know what they say: raise enough voltage and "anything" is a conductor. Doesn't mean its an efficient one.

He was only awarded the patent for the invention of radio (probably because of the remote controlled boat the navy didn't care about) after his death. This tower, wasting tons of electricity, could have produced a spark that could be detected anywhere else on the planet. His idea was to have various of these around the world for communications. Because of its inefficiency, it happens that this kinda "static like" charges the whole planet in the process (not very environmentally friendly that). Also it charged ground, so your equipment won't have a safe path to discharge things into (no ground, 0 reference becomes non zero).

It was theorized that this could be used in the modern world for a very crippling attack into modern infrastructure. Thankfully nobody ever tried to reproduce the experiment, but there is a rumor the Soviets at some point tried but was detected.

This came because of an earlier experiment he did with a large Tesla coil where he discovered the time it took for the electromagnetic wave to travel all the planet and back, and carefully timing it to coincide with the return to send another one so they could be amplified. The little experiment is said to have charged things around, with trees giving sparks and some light bulbs spontaneously giving light, but you know what else happened? He overloaded the power generator of the whole town before managing to go much further. Because this was incredibly inefficient and wasteful compared to using a copper wire. AND he was the one who perfected transmission of electricity by wire, the alternating current motor and generator...

And yes he invented those peculiar high voltage coils which is why they have his name. Go into youtube and listen to pretty music played by them, i bet not even Tesla imagined they could be used to produce such perfectly reproduced sounds.

Thank you CryptopreneurBrainboss and Lightlord for always doing such a great job and always paying as promised.

I will be leaving the campaign, hope someone enjoys my current position, good luck to you all and take care.

You are mistaking wallet user experience with a whole technology, that is mostly transparent to normal life. Your user experience is determined by the wallet you use. The millennials should have less trouble using an app to pay and get paid, its some of the old dinosaurs that need their physical bills and coins and not newfangled electric thingies to move money around...

Things to do: Nothing, Bitcoin is fine the way it is. If anything LN made it a bit more complex, but you can ignore LN entirely. Else, if you have an issue with YOUR user experience, then you have something to tell to the developers of the wallet you used.

Bitcoin has nothing complicated. You just send money to an address, there is nothing more to that. Maybe you'll want to remind your users that all transactions are FINAL, this is no paypal, wiretransfer or credit card, you cannot revert a transaction. But you could use a mutually trusted escrow.

You may also choose to pay less in transaction fees if you are willing to wait a day or so, but most wallets don't even show you that part unless you delve in the settings. Unfortunately this also leads to the misconception of Bitcoin being "expensive" or "slow", when its actually your wallet deciding for you (or the service you are moving funds from).

Most of these things are not even related to Bitcoin but the use of virtual currency. If you live in a country with an excellent super strong fiat, you are probably too spoiled and used to just fork cash for anything. If you live in a less blessed place, you are already quite familiar with using electronic means, trust me, there is no cash with hyperinflation, just crazy online banking. I feel for the poor souls that lived the Pengo one under communism, but history says people just used things like cigarettes or liquor bottles as a means of exchange. Today there is Bitcoin...

Yes it may be crippled but not destroyed. I didn't say they can't harm, just that they can't destroy it. Those are two separate things. At this point i don't think the US would go hostile, but other countries like Russia, China are doing damage. And yet, their population finds their way. China is the largest bitcoin user which is ironic as its semi-banned in there. Main reason is of course that bitcoin lets the "new" rich elite class to bypass the idiotic gov restrictions to the economy, such as moving your wealth around.

Now the US would be fools to cripple this freedom enhancing tool. In fact their heavy regulation to it seems to fixate their attitude about it, not bad but not good either. At least they don't throw people into prison for having or using bitcoin, you are supposed to voluntarily surrender your privacy to them. To what amount people will do that? We will never know, but i doubt EVERYONE will ever disclose ALL their funds. I think the gov should stick to taxing sales if you are going to keep an old fashioned State running. You may be able to track every bitcoin, but you can track the inventory of (physical) goods.

Govs going hostile to bitcoin can even potentially increase its price, its the scarcity and demand thing all over again. It could even rise its popularity even more by sort of Streisand effect (ie: "if the gov bans it, it must be good")

OP is implying that at any time any country can make Bitcoin disappear overnight, this is simply not true, no single gov or even coalition of countries, can pull that. Like the internet, Bitcoin was made to survive under adverse conditions. Current conditions not only are not adverse, but globally in favor.

Also, there is an economic weight. Any country that bans bitcoin, is saying "no" to an extra source of wealth. People who want to do business using Bitcoin will simply take their money elsewhere. For example if you have 3 tropical Caribbean islands with similar resorts/services, but only one of them accepts bitcoin, where will you go? Its that simple. Deny Bitcoin, and you deny extra income to your country. Great job politician...

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Yes but aside from Slush all those pools are Chinese. This is what they mean, based in the currently fashionable American official policy of blaming China for their own mistakes, that at any moment, those Chinese pools may collide and do "something" harmful.

There is no need to do anything, as mining becomes more unprofitable, China is also becoming too expensive to mine there, the "problem" is fixing itself. Some large miners are already moving their operations around to cheaper rate lands while others simply shrink or move into another business with the money they made. Of course as the Chinese miners reduce, so will their pools.

Yes, actually he and another guy wrote the paypal app. For the milenials, paypal was an app for a device that predates smartphones, called a "pda", which themselves were an evolution of pagers (text only messaging device).

So what paypal did was enable palm users to send money to each other using this app. This was bought by some larger company and that is how Elon make his initial fortune, which he decided to use to "advance humanity" rather to solely burn it for his own pleasure as most people do when they get rich.

Do not expect to make money by just "investing" in bitcoin, instead bitcoin is a means to preserve wealth. It is the best way to keep your savings in case of yet another economic collapse.

For preserving your wealth, in the long run, yes bitcoin is still good. To earn an income without working, sorry but those days are long gone.

If you do your business using bitcoin rather than fiat, you'll be able to understand the reason of bitcoin, especially when the next crisis hits and everyone around you becomes poorer after some idiotic politician decides to, yet again, ruin everyone's (fiat) money.

This is why we find online jobs or mine bitcoin while we can. For starters, those never ending idiotic US sanctions that never change governments but hurt the population, don't let us access foreign currency in the first place.

Now that there is bitcoin, there is away around being unable to use paypal or internationally accepted credit/debit cards.

In Venezuela the monthly wage is now under 1 USD, but you just can't live from that. Both Iran and Venezuela have incredibly cheap electricity, so some of those S9s you are dumping in the thrash, make their way to these countries and can even feed a family. Some have to be used in secret as authorities don't exactly condone the practice.

They have to use VPN+tor etc to evade the local filters, and then to evade the international "sanctions" masking country of origin to try earn some money online. Normal people are getting bullied from both sides of the fence, while those in power have no problems at all.

Not if their goal was to preserve wealth in case fiat money collapses, as some signs appear to be indicating given the current administration attitude to money printing and pseudo-universal wage "contingency".

You still view bitcoin as something to "make money from", this is not what Bitcoin is about, at least not 11 years later. You could do that in the beginning by trusting a completely new and untested project, but not so much anymore. Literally all of the altcoins wanted to recreate this, but failed; because the novelty of being recent born has already passed. Its the time for maturity.

The main attractive to bitcoin is being able to keep wealth should the world economy collapse (again).

As long as the Chicago school of economy remains dominant, bubbles and crashes will continue. It is a fundamental issue with the way the powers that be see economy. You must switch to the Austrian school to put a definitive end to this endless cycle of accelerated growth and then collapse. With Austrian economy the growth is slow but steady, rather than fast and furious.

"The Hare and The Turtle" if you will. Can the world economy collapse? Yes, because it sticks to the Chicago school dogmas, one of them, the fear of deflation, fractional reserve banking, credit expansion debt based economy, etc, etc.

With the Chicago school you get in debt to grow, with the Austrian school you save to grow. Think of the implications. Also fractional reserve banking is a legalized ponzi scheme bomb waiting to happen, and the sole reason a "bank" can fail.

For the most skeptic, getting into Bitcoin now means at least a form of diversification, "just in case". Ignore it and you may later regret it all your life. Forget about getting rich overnight, its now about not going poor overnight when a politician decides to "lets print some more"; oops, hyperinflation happened you all are poor now, its the filthy rich fault... (no, it was YOUR meddling).

See the value of money uncontrolled by the State yet? No one can change the rules of Bitcoin. But politicians can change the rules of fiat ANY time. You strip them of this power, when you switch to Bitcoin. "Don't trust".

This sounds great in theory, but if such a thing were to occur, will Bitcoin be able to afford this delay in decision making?

Unfortunately these kinds of things can spell doom once proven correct. The chance is not zero, and some sort of contingency plan must be put in place. You just cannot afford an scenario where. company X declares sha256 has been compromised. Gee lets start the procedure for a hard fork to take effect next year when 90% of the nodes accept...

Its pretty much a zero day exploit, you need a mitigation/patch NOW. Because it hasn't occurred, you (still) have some time to plan, but you cannot ignore the issue entirely as if it doesn't exist.

Are you going to fare like humanity did against corona? Completely unprepared? You must not "wait" until a vulnerability is found, even if one is never actually found. Because if it does, malicious actors won't wait for your bureaucracy to act.

If anything, a contingency plan should be ready even if its never needed.

Like i told you before, the only way bitcoin would reach 100k this quickly is because of the USD collapsing, not bitcoin suddenly becoming so valuable.

As more time passes the sudden price fluctuations can only diminish, this is what it means maturing. It also means people will no longer become rich overnight, that is a tale for the early adopters alone (that didn't do the mistake of selling or losing their wallet).

Bitcoin is an excellent asset to preserve wealth, it should not be seen in itself as a source of wealth.

Consider gold. You buy it for the same reason, not thinking you will sell it tomorrow at twice its price. Gold historically follows the exact same curve bitcoin is now following as its design was meant to mimic gold mining.

And the slowdown is also logarithmic. This means the slowing is increasing. You think a hundred years is too far away but Bitcoin is already becoming unprofitable to mine, and the reward becoming so low most people will just stop doing it. In a few years only enthusiasts will keep mining it, people who don't care to be "losing" to mine, as long as they contribute to the network maybe as a way of giving thanks to the community. Or if adoption becomes universal, those doing business in bitcoin are the most interested in having a reliable network, surely they can spare running a few full nodes here and there.

Interestingly the transaction fees are starting to weight more. A typical reward is around 7 o 8 bitcoin, everything above 6.25 is the tx fee. After the next halving, assuming similar rates, a reward of 4 or 5 bitcoin means one third is coming from these transactions and by 2032 transaction fee becomes the main source of income for the miners.

So its not a 100 years away, its a decade at most. Most bitcoins have already been made.

An ATM means nothing. Tell me that Tesla accepts bitcoin to purchase their products, then kick the atm out of the building...

When are you going to understand that adoption does not mean ATM (which is just an overpriced exchange)? adoption means accepting the coin, or at the very least use a payment processor which is still not ideal.

Anyone can let an ATM run in their premises, especially when the atm owner pays for using the space. The only good thing of having an ATM is maybe the publicity of the thing being present, or some quick small change access.

Hey people, I'm just going to buy a Model 3, wait until i put 30k USD into the ATM so it gives me Bitcoin to pay you...

or

Hold on, I'm going to exchange 30k USD worth of bitcoin, hope the ATM has enough bills before i pay...

NOT PRACTICAL.

People, adoption means using bitcoin to pay, and be paid with bitcoin. NO ATMs, exchanges and preferably, no processors.

They should just list the car price in bitcoin and let people use it straight.

Then, you may say Elon is not opposed to bitcoin. US regulation may be in the way so i have no idea if they can even do that, but that should be the goal of everyone and every company.


About 3 bitcoins should be enough to purchase a model 3. Funny isn't?


If you can purchase a car online you can easily wait one day for a low fee transaction, especially when its a pre-order (and Tesla has a long queue to process). One of the things that separates Tesla from the other motor companies is that you buy direct from them. Which is why dealerships hate them, as they were kicked out of the equation.

No, because it would happen the same thing as if you tried to "buy all bitcoins" (or 51% of). No country can pull it off for this reason: it becomes prohibitively expensive.

Just so you get the message clearly: Bitcoin cannot be destroyed.

You can't overcome the market forces with naive theoretical thinking. This is the reason so many politicians fail to understand that the market cannot be decreed or governed (intervened) in any way. Its like a river seeking its path to the sea, it will bypass any obstacles no matter what you do. The market finds its way, just like rivers do.

The same happens when you try to destroy Bitcoin, you just can't unless you unleash the nuclear arsenal to destroy all life.

As you try to buy all bitcoins (presumably by infinite printing) you only make Bitcoin price climb more and more while destroying your fiat. Something like this happens if you attempt to purchase all asics or pour money to manufacture your own. Your (foolish) effort will destroy your economy faster than making a dent to Bitcoin.

This is why regardless of what you are thinking, Bitcoin will remain; with or without support. It exists not thanks to governments, central banks or financial institutions, but in spite of them.

Not when they are going to earn less, it comes a point where they can't justify investing in mining equipment again, or if they do, not in the same quantities.

It is true that if you could see the number of actual people mining, vs their nominal hash rate you would notice that the number of people reduces more dramatically while the remaining miners have more and more hashrate than ever.

But this diminishing in mining will reach the asic manufacturers themselves, they also won't be able to justify the same amount or r&d into improvements to their current chips, etc.

If the price suddenly spikes, it will only delay the inevitable that has always been occurred.

Los dos son malos pero en el tema Bitcoin pareciera que Biden es el mal menor. Sin embargo creo que Trump tiene muchísimos problemas en otros aspectos, que, balanceado con las deficiencias de Biden, pareciera que lo que reflejan esas encuestas se acerca al sentimiento del ciudadano promedio en ese país.

Ahora el problema (histórico) es quienes van a votar. Es un país acostumbrado a tener participaciones del 30% en elecciones presidenciales, y que tiene un engorroso sistema de elección de electores que dentro de colegios electorales luego eligen a su candidato de preferencia (no necesariamente el que votó el que eligió a dicho elector).

Y que se demoran como un año votando, ahora con pandemia.

Si bien Biden debería ganar en cuanto a popularidad, ya es histórico que no siempre el que saca mas votos se lleva las elecciones. Así es ese sistema de ellos, es muy injusto.

Vamos que podrías votar por un elector republicano que termine votando demócrata o vice-versa. Lo ético es que vote por el mismo partido, pero no está obligado legalmente a hacerlo y ha ocurrido que votan distinto. Según las votaciones de este reducido grupo de electores por cada Estado se llevan todo o nada de uno u otro candidato. Y bueno las minorías políticas claramente no tienen cabida en ese sistema. Algún que otro millonario a veces se lanza pero no llega a ningún lado.

No se si el mundo será mejor o peor con 4 años mas de Trump, pero al menos este es su límite, a diferencia de otras partes donde el cargo es "hereditario" en los hechos...

Como dije, los dos son malos, pero para el tema Bitcoin, ¿quien es menos malo?

Tesla is the leading producer of electric batteries. Make no mistake, this is going into every home even faster than the cars.

This Australian made a very deep explanation of these new 4680 cells, its even better than what Tesla actually presented:


EEVblog #1340 - New Tesla 4680 Battery Cell EXPLAINED

This guy owns a Hyundai EV, so he is not a "Tesla fanboy".

"nah" describes it perfectly fine, especially because what you call "random" has been discussed in this very place several times. Perhaps you should learn to use the search function before claiming something that is nearly a recurrent topic here as "random".

Also, do not use your own logic for something like the universe or cosmos (which includes possible meta/multi etc). You simply don't know. Doesn't matter what you believe, the actual truth is unknown.

And if there is a higher being, your little existence could not possibly ever cope with it. You want to teach an ant about human relations? Forget it. And if this being has always been and will always be, like part of the universe itself, then what does the live of a little human like you mean to this existence? Even the life of this solar system (before sun goes supernova in a few billion years) is but a blink in the time lapse of this "known" (to us) universe.

Step down from your arrogance and be more humble, admit that you don't know a thing and strive to make things better for everyone rather than just for yourself. You'll be gone in the blink of an eye anyway...

Its a natural thing. It may have accidentally escaped the lab, and the negligent (in)actions done by authorities may have contributed but it is known with certainty that it came from bats.

Covid-19 has already claimed more than a million lives, humanity was simply unprepared. When an outbreak like this is detected, it should be revealed and isolation put in place to stop it in its tracks ASAP. This wasn't done, it escaped and claimed those million lives and counting.

Perhaps due to human habits, the virus did the species jump in China. But in the past other viruses have made the jump, say, from pigs, or chickens, even cows; so its not like the chinese are unique. One of the previous variants famously came from camels (MERS stands for Middle East Respiratory Syndrome).

So what happens in China when an unknown virus is found? It gets sent to their best facility for handling these things. And it happens that this is in Wuhan. I don't think they have any other lab with the requirements to handle these, and yet they may have failed to properly handle it. It is officially admitted that they had it by Dec 1, but to reach the Wuhan lab that date, it must have been found a bit earlier.

Let me reiterate that denying the existence of the virus has the same credibility that the earth is flat. They belong in the same group. You can literally take a (microscope) picture (or video) of corona, which is why it has that name since is a known type of virus with spikes resembling a crown. Of course you can't do nothing when the truth is irrelevant and they'd rather keep to their beliefs based solely on themselves. To them, facts are irrelevant. They are beyond repair and the best you can do is ignore them.

Covid-19 triggers a body response that proves fatal in a % of the population. For this reason even when others survive and may even get some level of immunity, since they can still be carrying it to those weaker groups, they should keep using their masks and do the distancing. These measures are not to protect YOU, but to help protect others. By ignoring them you are disrespecting your peers, and in some cases sentencing them to death. To think the president of a nation could do such a thing, first Bolsonaro and now Trump...

Denying it costs lives. This is not a joke, you are being cruel or simply lack empathy.

Its none of that. its hard to put in words so you will have to see for yourself, in fact if you studied the history of bitcoin and the other precious metals, you'll see it.

Mining is slowly becoming unprofitable as intended, reward is diminishing therefore interest in mining diminishes as well

Price increases, but not in exact correlation to the halvings. As time passes, the increase of bitcoin's price will be less and less.

While it is true that difficulty decreases (not as quickly as you imply), its also getting more expensive to mine. 51% attacks are prohibitively expensive, especially to the largest crypto out there. It has been done to little altcoins, but nothing major as it would bankrupt anyone. Don't forget the Binance guy thought he could pull it off...

So as people pre-halving at 7.5k were expecting a post halving price of 15k, but i said it would have to be anything but, i mean, below 15k somewhere between the double and the (then) current (7.5k~15k) and that's what it did.

Mining is still profitable, but less; as it has been after every halving.

There is no paradox, the effect you see has been smooth and progressive. Thanks to the free market forces, expensive countries leave first and then one by one they leave until no country is cheap enough to mine commercially anymore.

Bitcoin's value may suddenly raise if the politicians keep doing stupid things to the fiat. The current US administration might be collapsing the USD which would in turn pull the EUR and others, and then (when its already late) you'll see a stampede to grab bitcoins.