Here's fkn chart for ya:  |
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OT: This is the ultimate red pill, the ultimate "ah ha" moment. And you can no longer vote against it. They will print and spend regardless of who is in office. Once you "get" this, you soon realize that there are only so many ways out of their system. Bitcoin is one of those ways.
"Big government only sees itself. It is the ultimate narcissist, everything else exists for its benefit.
Think about this...with massive government, the people are the budget. We’re little hash marks on a piece of paper, little items in a multi-trillion dollar lobbyist giveaway, all devolving us into nothing more than a product to manage, a product to distribute, a product to tax, and a product to exploit for political and financial gain all along the way.
The size of government itself and its contempt for the people it’s supposed to represent has made it inevitable that they hardly see us as human beings at all. No doubt they see us as hamsters in the wheel, all to fund an ever-expanding bureaucracy.
In fact, the endless spending is a representation of the denigration of humanity at every level, and it all happens when the government becomes an insatiable monolith."-Tammy Bruce  |
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so, here we are again, discussing block size while the next big bitcoin upgrade is just 140 signaling blocks away.
And once again, the vocal "we" that wants to endlessly debate that shit has ZERO, LESS THAN ZERO control over it...but with hubris thinks that they have some control. And trying to convince other users that also have ZERO control is futile and a waste of time and effort. |
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Since shitting on ETH seems OK, have a personal story to tell; I was contracted to evaluate Etherum security in 2016 (or it might have been 2017) because the customer wanted to build a service on top of it. After installing the official client which is a clusterfuck of different languages (Go, Python, Java, C#, etc), the client started downloading updates directly from GitHub during runtime (which means any hacked commit could potentially compromise the client instantly), so that was bad, but it didn't end there, the client crashed a lot so testing became hard, shortly after testing some more I advised the customer to not use Etherum to build anything because it's simply not stable enough. The customer was stubborn and had some kind of FOMO about his business partners building frameworks on top of ETH already, so it ended that I just refused to continue but he was welcome to hire some else to do it. Shortly after this the first Etherum rollback happened due to malicious transactions (can't remember the details, but was not surprised), so it was obviously not "distributed" in a true sense then, emperor of rollbacks (Vitalik) had final word. After this I never touched it again, maybe it has improved security wise, probably not.
Thanks for you story. And to think that there are ETFs for that clusterfk of a shitcoin, with people investing tens of millions. Unbelievable. People don't even know what they are backing. (Well actually after the Enron, Theranos, and WeWork debacles, nothing is unbelievable to me anymore.) |
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US inflation is at 5%. But it is temporary.  Yes… Brrrrr Such bullshit numbers, such gaslighting. They talk 5% like it's the real number. But since 2020 you see lumber prices at 300%, houses +20%, propane 150%, gas at the pump +30%, food at the grocery +20-30%. If prices didn't change much, pay close attention to the packing. They likely "shrinkflated" it. I buy berries every grocery shop. A small carton of strawberries was $3.99 in 2019/2020. Now for the same size it's $5.99. Raspberries, blueberries, also nearly double. Is that "inflation just up 5%"? No it is fucking not! No even fucking close. All lies. |
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Looks like countries hurry to adopt the "Bitcoin deterrent" for increased independence against oppressive banking and inflation. As a die hard peace lover it definitely ranks higher than nuclear deterrent.
Not to mention a hell of a lot cheaper to adopt, and more decentralized. |
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M. Saylor move...wow, but they are SENIOR notes and HIGH YIELD (aka "junk") at 6.125% interest.
6.125% interest on 500mil is 30.625 mil yearly interest. MSTR has only 81 mil EBITDA.
Basically, it is an "all in" kind of move.
Senior bondholders are in a pole position to get everything the company holds in a hypothetical case of a company going bankrupt...for example by not being able to service it's debts.
Next earnings report will be not good:
"The Tysons Corner, Virginia-based company said in a filing Monday that it’s taking a roughly $284.5 million charge during its next earnings report due to losses related to fluctuations in the price of the digital asset. That amounts to more than the company’s cumulative earnings since 2011."
Hopefully, WS would treat it as one-off.
This is potentially dangerous for the long term company survival, UNLESS he has some ace up his sleeve, and maybe he has, at least i hope so.
It worries me too. I think his ACE is simple "Number Go up". I hope for his sake as well as ours he's right. I imagine his balls touch the water when he sits... Pretty safe bet me thinks. Well let's just say, if the bitcoin price is not at least double where it sits today in 7 years, then yeah 'Houston we have a problem'. |
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A true GigaChad. Now it's JD 's turn. Hey Jack! Buy more bitcoin to show your supposed support, or STFU. |
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get the price to do something, cuz this meh price action is getting boooooooring.
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Not all heroes wear cape: Square Considering Making Bitcoin Hardware WalletNot only Jack Dorsey is supporting Bitcoin Core Developers via Grants, but also is trying to help bitcoin from the inside, building from the inside to make the project better. Jack is an uncreative hack.  "Hey guys, we want to recreate what Trezor and Ledger have already spent years building and doing an excellent job of, but somehow really bring nothing new to the table."-Jack Dorsey If he really believes in Bitcoin, he could show it best by doubling down and buying another $1B worth of bitcoin right now. Put money in mouth. |
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Elon musk, won’t be missed in the top 20 of richest people on the planet….
In retrospect …”regret will come later”
A headline from the future…
Elon got well compensated for his role in all this I'm sure. Having a mega personality well known with millennials and hipsters, buy bitcoin and then later turn on it, is going to be the new "China FUD" moving forward. Mark my words, it will happen again in a few years. The only question is who will they pick next.  |
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OT: A few of the pleebs out there have taken the red pill, and are starting to figure it out. "I think I have figured out what is going on with treasuries and reverse repo. Why do banks want treasuries? It’s not that treasuries are valuable assets, but because they can leverage it by reusing it multiple times. They can’t leverage on cash, but they can leverage, perhaps 10:1 on treasuries. [Yes, treasury rehypothication!]
Combine this with FED's buying treasuries and the rates keep going down. But the lower rates are only a sign of huge leverage. What do banks do with the leverage? They gamble on stocks or give it away on margin or real estate loans to gamblers. Basically, we are sitting on a ticking time bomb.
So, treasuries are not pristine collateral as some claim, but toxic waste which allow more, and more, and more gambling. This also explains why banks want reverse repo; it’s not that they have too much cash to handle as they say; it is to borrow treasuries so that they can do more leverage. Once you realize this, you understand all the recent behavior of the banks."-Random pleeb on YT#BUYBTC |
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Notice how shitcoins cannot go up without Bitcoin going up. Shitcoin beliebers don't realize that all shitcoin indexes are tied to Bitcoin. It's the way the algo bots trade, and there are a bizillion of them. So shitcoins are going nowhere without Bitcoin pumping first. Sorry shitcoiners. Also sorry J.P. Morgan. Good luck trying to ice skate uphill.  |
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At one point, my cousin mentioned that the government probably invented bitcoin.. He said that he believes that the USA government has a motive in order to have an ever-present backdoor that just sits there but then when I pointed out quite a few reasons why his assertion is likely not to be true, he asserted that he agrees that his idea is a long shot, but still one that he believes and it motivates him to be quite skeptical of bitcoin as an investment that will hold its value.
Is he an Idiot? This statement holds zero logic, if the Gov created it then they will not allow it to lose value and therefore not do what they want it to do so why does he think it will lose value. Those are diametrically opposed views, The guys a lost cause, don't waste your breath. considering how easy it is to "follow the money" with bitcoin (some honeypots mixers etc notwithstanding) i would think a government agency would LOVE to trial something like this and see what bites. sure NOW we know that chainanylitics can do pretty solid stuff de-obfuscating transactions (not always of course) but im sure a LOT of peeps got or will get some nasty visits from some polite government type folks with briefcases and search warrants and accompanied by some (generally not as polite) LEO backup who thought they could hide from anything incriminating left on on the blockchain (because hey pseudo anonymous!) and get away scott free. although personally i think it went down as we mostly know; satoshi pulled together some existing tech, added a pile of brainpower and vision and combined it all into bitcoin. The biggest argument (proof?) against the Govt creating Bitcoin: The Govt has never, and will never, create anything new, especially anything that would actually benefit humankind. Because they are literally a bunch of men and women children who are nothing more than reactionary idiots. |
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Bank of Japan governor slams Bitcoin, calls BTC a speculative asset The real question is: why do they feel the need to even mention Bitcoin? Baseball cards are a speculative asset, but you don't see any banker mentioning them. The fact that they feel the need to tell me Bitcoin is bad, makes me feel the exact opposite. Funny how after a decade of this behavior along with all the MSM bashing, the Average Joes still haven't figured this out. |
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do you need to wait for 3 confirmations at the pump during 30 mins, i mean if you're lucky your tx is not queued  Since your future electric car will take at least that long to charge if not longer, you'll be fine. /zing |
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https://www.news.com.au/world/coronavirus/leaked-chinese-document-reveals-a-sinister-plan-to-unleash-coronaviruses/news-story/53674e8108ad5a655e07e990daa85465A document written by Chinese scientists and Chinese public health officials in 2015 discussed the weaponisation of SARS coronavirus, reveals the Weekend Australian.
Titled The Unnatural Origin of SARS and New Species of Man-Made Viruses as Genetic Bioweapons, the paper predicted that World War Three would be fought with biological weapons.
Released five years before the start of the COVID-19 pandemic, it describes SARS coronaviruses as a “new era of genetic weapons” that can be “artificially manipulated into an emerging human disease virus, then weaponised and unleashed in a way never seen before”. All the unnatural coronaviruses humans have been contracting since 2000 are results of genetic engineering as I contended at the outset of this pandemic. Only 2-3 natural coronaviruses have established true human transmissibilty in over 1 million years of human-viral co-evolution and now since genetic enginerring was developed we have seen 4 new human-transmissible coronaviruses in less than 30 years. The virologists are now more dangerous to humanity than any group on the planet. They possibly represent the great filter for our species. https://edition.cnn.com/2021/05/26/politics/biden-intelligence-community-pandemic-origins-report/index.htmlThe truth will come out this year. Expecting the WHO to give a very thorough and accurate report on 'the truth'. The NWO government is the Arsonist, the Firefighter, and the Investigator. ...as the Arsonist: "Let's leak Covid-19 from a renown gene virology lab in China, and claim it was from bat soup at a wet market across the street." ...as the Firefighter: "Lock everything down! Shut down the world's economies! Get that damn vaccine going asap!" ...as the Investigator (18 months later): "Hey ya' know, we really really really should get to the bottom of where that virus originated...I mean, right? Shouldn't we?" |
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