It's the name that matters, you can sell now everything in crypto just with a label, and furthermore, I think it's getting worse, if a "project" doesn't have DefI, NFT, and many other stupid things in its description it doesn't get any traction. You need to cram everything in its whitepaper despite knowing you're going to end with a copycat of a copycat of a CEX and a shitty token.


Completely decentralized, permissionless and censorship resistant also I assume! 


I don't think that's the case for all of those platforms:
So this one went bust before even being fined, the other one is powered by a token with $400k in market cap, so hardly affordings millions.

Oh nice, so we have
- FTX that went boom
- GTX that thank you god never materialized (3AC was behind it)
- OKX the champion of 95% wash trading
and now HTX...

These guys are running out of ideas you don't become big just because your name is short or easy to remember, you do it by providing good services, not fleecing your customers and not having shady individuals behind it.


Because they see TRON as a better option than ETH right now, they've already planned on creating a ton of junk there, far more lucrative than a token which they can easily swap if they really care about it. With USDT gaining more and more volume on TRON and losing momentum on ETH they try to be in the winning team once.

Put a bullet through my head!

Yeah, you've read it right, if we talk about a global total collapse it would be stupid to try to live on the shit that comes next.
We've never had a total collapse, we had a crisis, a complete failure never happened even in ww2, what are you going to prepare for?

I'm genuinely laughing at the people saying they will buy necessities, and what happens when they run out? Or that they will keep some BTC and other altcoins, what the f* are you going to trade those on in total collapse where nobody will care but for food and medicine?
Some of you don't understand how that thing would look, it will mean bye-bye banks, bye-bye infrastructure, bye-bye employment, and you imagine you will still have a way to trade 24/7 and people will still be able to wire money and such? And if it's a total collapse and everyone is out of a job, what will you get for those bitcoins and why would anyone buy them from you?

Some of you have no idea what a total collapse means, you still think of it like some 2009 crisis, but that's nothing close to a collapse!

I'm not wrong and just because you tweaked it afterward doesn't change a thing:
https://archive.ph/kAadL
So, how do you explain that? It has a link and it didn't retrieve the full article!


So you think users will stay on your website for this?
https://archive.ph/ohPVs
https://archive.ph/VPfyn

Let me be extremely blunt with you, if you're going to copy full articles from other news website and go over their self imposed limits of 500 characters, 100 words or whatever they will hit you with DMCA request, once you start getting those you can kiss your google search rank goodbye.


He's going to have to learn it the hard way it seems, but that was my last advice, since he's not even honest with what he does then I'm wasting my time.

It's 5 billion and the size is irrelevant to the market cap.
For example, the 500 billion is made out of these coins too and at least 10% of it is made from easily mined coins that have never been moved, so it's not like people have poured till now 500 billion into Bitcoin. And more importantly, what matters is not the virtual value of those coins, but how much money is available right now for further investments. Do you think there are 5 billion waiting on line to gulp those coins at any moment?

Cause if there aren't and let's say just half of this awaits in buying orders then go to the largest pair and do a simulation what a 5000 not 100k BTC BTC dump would cause !



There is no longer a "them" or an "exchange" the funds are overseen by a trustee appointed by the court, and nobody from the former exchange hs any say in it anymore.

I'm rather curious what makes you think the price will immediately bounce back after this?
The price is going down right now and has been doing so, another influx of coins to be sold on the market for sure it will make it go lower, so what would cause the pump again, and why was not happening prior to this, like a bump back to 30k or 35k?

Asking cause I've heard that at 40 at 35 at 30 and here we are still not bouncing and if this continues for sure almost everyone that is in profit over MtGox will dump, it's been 10 years, some of those that had coins at MtGox had been retired, look at the age of some of the early investors that were around that time, Gavin is 57! Andreas is 51, Saylor is 58, Tim Draper is 65!!!!! A lot will not wait for the "recovery" and if that is 4 years in the making do you think they will give a damn anymore?

Sorry, but this doesn't make sense!

Let's assume that he had those $3 million at peak doge value, that's $0.731578, doge is -91.59% at $0.061578.
He would still have $246 575 so he just lost $4 000 of his initial investment.
Those numbers are impossible!

Those have been around for years, Bitpay was established in 2011!


Not quite!
It can still be volatile but it has to reach a point where future growth can't be possible in double digits no matter how bullish you are, all currencies can become volatile for a period and even now with all the drops and ups Bitcoin is doing any major ones either, still confined in 10% a month. The problem is that many see the 1 million or more mark as possible in a bull run or even believe Saylor dribbles about $5 million, would those spend if they think at least 100x from now on is possible in a year time? Of course not, they will keep their coins in their wallets and not spend a dime and you can't really blame them.


Agree with you but the change has happened and continues to happen in the opposite direction.


LN alone is proving to be too much of a hurdle for the average Joe and even for merchants, if we're going to overcomplicate this is going to end in failure.


We don't need to hear about it because we have the blockchain.
Before the ordinals,  periods of 1sat/b fee were common which meant that the usage was below the 400k/tx a day possible, if you look at the number of confirmed tx you can see that it averaged 250k a day for the last year, way below 2021.
https://www.blockchain.com/explorer/charts/n-transactions
Merchants accepting bitcoin was part of the problem but right now it's people willing to buy something for Bitcoin!

As I've said it too a lot of times, the security to market cap ratio will definitely fall if it's not propped by the still going up block reward, because if BTC goes up x4 times the fees will not automatically do the same, people won't pay 4x in tx just because a BTC is more expensive now.

So in the .70 fees, 154k a coin you will need $107k in fees, the last block had $3,375, who is going to pay 30x times more? I really wanna see the guys who will be paying $25 to buy a pizza or send money to a casino just because now BTC is at $150k and not use a different coin. The solution is clear, we need more tx to split the cost and increase the overall volume, but, that's not going to happen.


That change won't do anything but regarding the fees, they will only go up by how much people want to pay, if they don't want to do so they simply won't, not even counting that they might not even want to move their coins at all, let alone pay $25 to do so. 

If that happens cancel all your travel plans as all airplanes will be grounded cause of the 1 billion pigs flying around, I know my predictions are 10 times worse than tossing a coin so when it finally happens it for sure will come with something else enough to offset my joy in it.


It's hovering around 100% pace, went up a bit then down then last 24h had 151 blocks but still lower overall than 14th, I see on the map the whole of Texas is going below 32C so who knows how much of that paused hashrate will come back online. Probably by the start of October when no heatwaves would be able to affect any of the major players and it's not cold enough for heating we will see the whole numbers, but I doubt there will be such a big difference.

Which ones?
Inflation is going down so you can't talk about high and ticky inflation unless it's Argentina or Turkey or Iran!
Employment is going up in most countries again, some even hit record employment levels this year!
So, in order to qualify for stagflation, is there any country (that matters globally) that meets those criteria?

Right now it's far more possible we're going to get hit with a recession and deflation rather than stagflation!

I'm not really a fatalist, a tiny variation, I don't see it happening based on the current situation, so the radical difference is that I believe change can happen only that we don't have the right ingredients right now, there is no carrot, there is no stick, and the other side is just too tempting.

I've seen it way to many times around here, with users cheering for every shop opening, and then when it comes to buying something they will not do it because Lazlo was stupid for buying a pizza with BTC so I can say it without hesitation that growth based on usage will only start when the possibility of earning x2 or x5  will be the same as from holding Coca cola or Walmart shares. Till then, the coins are too precious to be spent!

And you said incentives? Which ones?
Remember that credit cards and their chargebacks are good for the consumers, but businesses hate them, Bitcoin is good for the business as there are none but consumers won't like it! Cheap fees? Oh, let's not even bring this into the discussion right now in this orc borg monkey clusterfuck!

Oh and one more thing:


Out of twenty or thirty people I've gone on holiday this year and managed to take a glimpse at their phone when sharing stuff or videos, me and my wife were the only ones that used an adblock. Everyone who noticed this asked us how, as right now I don't know if a single one of them really installed it. Don't underestimate the difficulty of using a wallet, it might be child's play for us, but you can see for yourself in this forum alone how many crypto users still have problems with basic things like setting up fees!

So you quote an estimation made 1 day into the difficulty adjustment, which we all have known and stated multiple times can be misleading and often made fun of it, and then you came victorious 6 days after and show everyone that it didn't materialize, what a surprise!


If you think the site is stupid and you know it, then why don't you come up with your own math right now on what the difficulty would be?
When you criticize someone for doing it wrong then normally you would tell them what's wrong with it and how it should be done and show an example, if you don't care, don't want, can't, then your majesty, can you please let us bath in our stupidity here on a speculation topic without reminding us every damn day how stupid this is?


You're the one who always has a bad day here!
I've never seen you once coming to these topics without criticizing the calculator, telling everyone how stupid it is and how useless it is to discuss this over and over and over again and again and again! I think I finally understand the other discussions around here, sometimes this attitude is just nauseating and knowledge is totally getting eclipsed by personality.


Almost flat, let's see in 9 days will it be off again, it will be -0.5512% and not -0.5294%?
Oh, imagine the tragedy if it's off again, somebody think of all the children miners!!!!

And Phil sorry for doing it on your topic but I had to say it, we all get it, it's not a crystal globe it, it has flaws it's not perfect but for god's sake, we got it the first one hundred times!

Philllll....prepare to get pitchforked for this!!! 


Common kano!!!!
If the txn fees are the same as they are now in $ terms then the reward a day will be $ 1 million instead of $25 million, so instead of 6 cents per th/s you're going to get 0.24 of a cent, who is going to mine at that price? Nobody so miners will drop one after one till the reward finds a new equilibrium and instead of 400exahash, you have 16 exhash!

Everything works perfectly, I agree with you! Transactions keep flowing, miners keep mining, the only difference is that an attacker doesn't have to spend 4 000 000 x2000 $ to reach 50%, it has to spend only 160 000 x2000$, not even that because there will 380 of exahash capable gear going to be sold at scrap level prices!

From 8 billion needed to 300 million, from 24 GW to 1GW, from the whole world to Riot or Mara alone on their own, that's quite a steep decrease in security, don't you think? Do you really want to see one of those stupid YouTube video stunts of a Mr.Beast on getting 51% of Bitcoin hashrate?

I was curious how bad that is:
Batching 1000 inputs 1 output at 15sat is 0.021 BTC, you have 1620634 then 1600 of those to consolidate so that's 33.6 BTC.
Basically, consolidation for the whole address over 7sat/b is losing money, assuming dust is distributed evenly then it makes almost no sense right now to take advantage of it.

There are two who can be blamed for lost money
- Legally the scammer
- Morally the scammer and the victims because they were greedy as *** and just went in without caring

Just imagine some influencer dies and 12 months later somebody ends up with his phone number as they are recycled everywhere and decides to pull the scam, who will you blame? The dead influencer? The phone company that did what it has done for years as per their contract? The social media website that will have from now on to phone every user every day to see if they are still alive and ask every user if they are still the ones in control of their account?

If you sugarcoat stuff that much you're going end with diabetes and never touch chocolate again!
Let's not try and change things that have been established for decades just because it doesn't look good to us!

Bitcoin is up 400% since 2020?, it is, it is up 30% since 2017, yes, but at the same time it's down 62% since the ATH , yes it is, we're in a bear market of low after low and that's it.

Let's look and those two, so basically the <let's not name it here company> will also never end in a bear market, right?



We also didn't have a bear market in 2009, right? Cause continuous growth!



Back to the main topic:

Although I totally agree with you d5000 on the main point, so that's it on the theory, I have to correct you on this one and on the reality we see around us. It's not that they forgot. They never cared!

You say growth from usage, you say being your own bank, where is it cause it pains me to say but there is none!
Some brag about having millions for crypto users, crypto(dot)com is claiming some 40% of Turkey population owns crypto and there I look at the blockchain and see 1/3 of that in total number of addresses with over 100$ worth of coins!

As blunt as I can be, if you or anyone else thinks that the "growth" will com from real-life use then you're just as delusional as me! It's nice to dream but reality will hit us hard every single time.

You can get it from OP's history:
https://ninjastic.space/post/62466599
And I can guess that this will answer a lot of other questions, right 


Name one legit business that would offer you a return of 3,780% a year! One!

It happens everywhere
India:
https://indianexpress.com/article/technology/tech-news-technology/sim-swapping-how-to-avoid-being-a-target-8026237/
South Africa:
https://www.bleepingcomputer.com/news/security/south-africa-wants-to-fight-sim-swapping-with-biometric-checks/
South Korea:
https://cryptonews.com/news/sim-swaps-other-crypto-related-crimes-set-to-rise-in-south-korea-says-sk.htm

It's just the fact that it makes more waves there because of the sums involved, pretty hard to find somebody with 1 million in his bank account or Binance account in Elkhalil compared to NYC.


That's not what's happening here, how would you secure your 2FA with a number you don't even know it exists in the first place?


No, it doesn't, that a local setting for your phone, the new sim that will be issued to the attacker in this case will not ask for a PIN.

If there is one thing you can do is to set an alarm on your phone when it loses signal, when the attacker is at the desk asking for a new sim the moment that one is activated by the mobile operator, so even before going in the attacker phone yours will be disabled so your phone will lose access to the network, that's the moment you try a code like #xxxx or whatever and if doesn't work then you call instantly your mobile operator from another phone and disable the number.
Since the sim swaps can only happen during working hours and not at night and swift reaction can prevent a loss.

And if you think that the electricity price is high in Texas and the US why do you think everyone moved there and not to Lebanon?

1) Nobody mines at Google results price per kwh!


2) Lebanon might have cheap electricity, but not enough electricity

Cut Off From Life Itself Lebanon’s Failure on the Right to Electricity
Lebanon without electricity after power plants run out of money


Do you see miners moving from Texas where they receive money for not running their gear to Lebanon where they might not even have the chance of running their business for a whole hour at a time?