The worst that could happen is temporary price retracement
you call that worse thing? i call it discount opportunity to buy more before 2025 ATH I don't let this bother me at all, because Bitcoin have already won it's biggest war years ago, the only way it can be defeated is making people to stop using or adopting Bitcoin and since no one can control the mind of all human in the future world it's impossible to stop Bitcoin.
have you not read the sponsored dev politics of wanting people to lock up value with middle men and off ramp utility to other systems/subnetworks core are the central point of failure of the direction bitcoin users follow.. they named the brand core(center) for a reason, and it sure aint in their plans to scale bitcoin onchain to allow more genuine bitcoin transaction count utility onchain |
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I noticed the same thing. Right now on electrum, The fee is going from 1 to 2, 2 to 5, 5 to 10, 10 to 20, 20 to 30, 30 to 50, 50 to 70, 70 to 100 sats... If I remember right, It used to be 1 to 2, 2 to 3 and so on. It feels like they did intentionally to increase the fees even more.
There is huge difference between 30 sats/b and 50 sats/b fee. Why can't I fine tune it?
This is becoming ridiculous.
ofcourse they are. there are many many github conversations where they admit they do it on purpose sayingcrap like At a minimum, the new fee rate must be high enough to pay an additional new relay fee (5 sats/vB) to enter the node's mempool."
because the wallet uses WALLET_INCREMENTAL_RELAY_FEE which is 5 sats/vB by default. and reason it as Bumping by exactly DEFAULT_INCREMENTAL_RELAY_FEE might then cause the bumped transaction to not get relayed.
it would be very annoying to have to bump 20 times to increment by 20 sat/vbyte.[/b]
The 5s/vb minimum fee bump requirement, introduced in PR #9615, is primarily for GUI users who couldn't specify their desired fee rates. For these users, bumping 10 times to move from 1sat/vb to 11 sat/vb may be undesirable.
they literally say they increased it from 1sat/vb to 5sat/vb to be "less annoying" "desirable" pfft (opposite occured) end result people using GUI (softwares graphical user interface) they are defaulted to paying more to get priority in higher increments many other wallets use other numbers. many devs think fees should not go below a certain level again, so no point counting in single sats/vb |
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the bible is just a book of stories.. it is not science
its a book of stories aimed to teach you morals via analogies of different characters lives created by story writers
secondly mentions of "jesus" have been edited and twisted many times over hundreds of years in different scriptures before ending up in the bible
thirdly the earliest scripture even mentioning at all of a character named jesus was a scripture that appeared 30 years after laters stories quoted death date of their character..
fourthly the first mention of the characters death story didnt appear for another 30ish years
people only talked about the character around campfires and within preachy teachings of morals long after the supposed character existed
the stories mutated over the years and different people added their own details to make the story more entertainy, moral compassy
the bible is not science. its sci-fi character generation over years from a patchwork of lots of different stories where scholars and priests then patch together different idea's and created a narrative hundreds of years after the stories began
the scholars and priests became a government and made laws and used stories to teach the morals of the laws and then to avoid them being stoned by a unhappy populous they hid away their involvement in law creation and instead blamed it on the mystical man
much like how modern congress does not blame itself but says "its the government"
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due to lack of "mixer" promoting in posts and sig penny grabbers posting randomly with mixer adverts in their avatar/footers we are seeing less spam posts which are void of meaningful discussion
many spam posts were just copy/pasting the same dribble as other posters or just complimenting each other just to get post counts
i have witnessed less posts of people just copy/pasting the same dribble or just complimenting OP's..
there has been less spam posting. and it seems those that used to penny grab in sig campaigns are now gambling last years sig earnings in other sections of the forum, hoping to stay afloat
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no institution is talking about monero..
for obvious reasons(anarchists)
as for institutional effects to bitcoin:
we will see the likes of coinbase.com(main custodian) get stricter in regards to 'blacklisting' so that they can keep their custody free from nefarious users coins, because as a custodian of coins that then get allotted to ETF the institutions wont want to be trading shares of criminally linked coins which authorities can seize and kill peoples share allocations
as for actual bitcoiners that use UTXO's not shares.. we will enter a thunder-dome scenario
'two may enter one may leave'
where by middle men services/system/subnetworks will want users to lock funds into their systems and only let the user escape once users have spent the value and hold an empty balance of funds owed to users, leaving all coins to the middlemen
(this is and will be achieved by fooling people intoo spending their value on digital items that cost nothing to make. EG forum hat avatars, junk meme AI gen images.. all so middlemen get coin at costs far far far far lower then minimum cost mining)
i do laugh though
with saylor no longer CEO of microstrategy and is diluting shares... its microstrategy that has over 130k btc not saylor personally
so pointing at microstrategy for having 130k+.. whilst a certain OP always tries to avoid discussions of the coins hoarded by DCG sister companies (coinbase/grayscale) that are over 1million coins, it makes me laugh..
DCG has sponsored more core dev deals that have made bitcoin more annoying.. oops i said it, prepare for backlash
i personally dont like saylor nor dcg.. but its funny how certain people finger point at the less concerning to avoid highlighting the bigger concern
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wow he learned something in 2024.. im shocked, but in a pleased way
now he should apply that knowledge to core devs that are paid by a business..
and then look specifically at their "force merge" code upgrades those devs done
The bottom line question is Will the scaling problem be addressed and is it necessary now? core have a roadmap of idea's for the next release and the release after that and seeing how core devs prefer adding code that TRY to make subnetworks operate better. but close issues regarding making bitcoin less annoying.. i dont see them desiring scaling bitcoin any time soon. most paid devs have the mindset that the junk/spam is needed as it pays miners.... yet, miners were never poor even when btc market was $17k.. nor do they need subsidy when market economics of btc price can take care of them.. so they dont need extra payments anytime soon. but .. dev politics overalls logic, economics inshort they have no desire to make transactions lean or allow more transactions per block nor remove the spam anytime soon |
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I saw just yesterday that there was a new update, some sort of "hurdle" was passed where it was a big step for bitcoin and all of the companies looking to bring a bitcoin ETF to the market. Do I think it will pass this month? Perhaps. Perhaps not. That said, it's coming, and I can almost guarantee that. Blackrock, Vanguard etc all wanting to join in on this ..those companies quite literally run the planet. They eventually get what they want.
are you talking about the filings by applicants of 8A registering their securities and then the exchanges acknowledgements of 8A via 19b-4 those are the main last filings for exchanges acknowledging listings on their exchanges of securities. however some applicants still need to disclose some details to SEC like their fee's and basket amounts and shares per basket stuff which they have until the 8th jan to file |
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I didn't even understand the hashrate calculations that you say are the only ones I can say when you mentioned that it shouldn't really be high in bitcoin for this year. The 400 000 each might be able to spit out the coffee in my seat when it really happened this year.
big asic farms dont pool hop on the whims of the daily market they also dont jump to altcoins when market prices dip they are invested in hardware of 2 years life cycle and they buy electric contracts of GW on long term contracts too.. so essentially they are mining 24/7 long term no matter the market when calculating these costs of mining at a value rate and a premium rate of electric+hardware. using not a daily hashrate to calculate asics on the network. but the hashrate averaged over a period. you can then ascertain these long term miners long term costs and calculate how many coins they can earn over that time to get a rough average value-premium cost per btc. the market has time and time again proven to wiggle and speculate within the value-premium numbers |
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Hello guys! My bot is nearly done!! It is working, but I need to do one more step to complete it.
the main OP has your API so people can see its live-data by just reading first post many people in say X years time wanting to look back at historic data would prefer static data on a daily bump or yes even 4 hours as long as this forum doesnt think of its as bump spam suggestion: might even be worth the api allowing a cleartext ascii version so the bot bumping the topic can coopy/paste ascii to also write it out as a forum post message incase the image host server goes down.. note: you may end up having this topic moved to different category (outside of 'bitcoin discussion') if its bumped too much by an obvious bot so check with forum moderators about 'bitcoin discussion' rules of bot bumping topics |
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Seems I overlooked this topic first time around.
I'd say that, in order to be disappointed, you'd first have to have some level of expectation. People, especially those in business, have agendas. If you hold the expectation that such people are "on your side", then you probably are going to be disappointed at some point or another. Because such people will always serve their own interests first. I suspect Bitcoin is largely a means-to-an-end for Saylor. He's just using it to get what he wants. Don't pin your hopes and dreams on him, or people like him. Then you won't be disappointed.
And you definitely can't assume people are allies just because they sometimes say nice things.
wow he learned something in 2024.. im shocked, but in a pleased way now he should apply that knowledge to core devs that are paid by a business.. and then look specifically at their "force merge" code upgrades those devs done |
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Your source. If you read the posts above it, you will see okx is the exchange not binance. All according to the sources though. lets use an explorer and follow the taint (backward audit) block 0 satoshi address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa received received 26btc from:bc1q9z82prqdknpv4ku3haargeu7c0h67yrpree6v2 received 39btc from:bc1qlccksaaehjkdv4tgf032pvx8n76uhazqt4rgy70y4drmqwh5espqwx89f9 received 39btc(~19.5+~19.5) from: binance4 ~19.5btcbinance4 ~19.5btcso its binance not OKX.. (though blockchain.info tagging of addresses could be wrong) (though bitcoinrichlist tagging of addresses could be wrong) |
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I could remember last year when there was much tension about the price of bitcoin. You maintained that bitcoin is opened within the window of 15k to 75k, that the price won't go below 15k and behold it happened. It was then I knew that you are so much endowed. Remain great Franky.
2021 was 10k 75k window of possible speculation 2022 was 15k 95k window of possible speculation 2023 was 18k 110k window of possible speculation 2024 is 28k 140k window of possible speculation so far (can move up if hashrate moves up to push the window up) dont expect a $400k btc this year, thats all im saying.. unless hashrate 3x the current network level and speculation drama pumps to limit dont expect a $16k btc again.. unless hashrate drops by 45% the current network level and speculation dumps to limit |
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now you are just spouting nonsense rhetoric from a book you read produced long after the dates in which the book purports to be concerning
nothing you said in blue has any science basis
also in your pre-medieval sci-fi novel, in the end people did get him, pin him to a post and by easter he was gone for good.. seems the people won and the alien you adore lost the fight
when he was dragging his death post.. no one, no act of nature, no magic, no super power was smiting or harming guards ordering him to keep moving
no one/nothing stopped the guy that hammered the nails
no one/nothing stopped the swords or the thorn headwear
so although its a ancient sci-fi novel that meant to be just a storybook of moral judgements.. you might wanna check that in the end the main character lost
..
oh wait they did write a sequal where he did return again and again he did threaten that he would come back again on judgement day
they made a movie about it,.. terminator 'ill be back'
i guess god is AI and jesus was a robot
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i laugh when they say gensler is anti-bitcoin
he spent a few years at MIT teaching students about bitcoin
he isnt anti-bitcoin.. he is anti losing his job if he gets things wrong and causes boiler room scam operations to be accepted as registered services
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I doubt that I said that, but even if you are trying to act as if you are neutral, by your touting of Blackrock as so much better blah blah blah, you seem to be implying that it is acceptable for SEC to pick winners and losers and to give favorable treatment to Blackrock (even if you are not directly saying it)....
im not touting blackrock out of favouritism. nor do i think the SEC would.. put it this way. imagine any other legal setting lets use court cases of DUI's as a for instance there is a defence attorney that has been defending DUI suspects for decades. and has won 99% then there is a naive defence attorney, never defended before, but has some guys with some experience advising him.. you just read their court history of case results(or lack there of) which defence attorney would you pick? its just basic common sense if blackrocks legal team have been filing ETF applications for decades, they know what to expect and have answers ready, rebuttals prepped and such its not favouritism of "aww this young attorney looks young and cute, ill have him, over the old guy" its more so of looking at the logical common sense of accepting the one with most experience, without favouritism that said. only ARK21 has an actual final deadline in january so technically only ARK21 is the only one deserving of an announcement either way legally which as we seen by grayscales final deadline last year. wasnt a defacto approval just because of final deadline status. so there is chance none get approved in january from a legal prospective of previous precedence.. however the odds are more interesting this time compared to the grayscale decision saga last year. because the SEC is now actually talking and organising and actually shows movement .. here is another pebble in the water, for you to splash about with thoughts over what if ark21 gets approval on jan10th but is stated it cant start offering shares for XX days nothing else about the rest is said on jan 11th,12th,13th,14th.. then on the 15th SEC announces 4 others are approved and can start offering shares in XX minus 5 days.. meaning they all start offering shares on the same day of a later date.. .. let me take the thought one pebble further what if XX days was 90days meaning april 10th.. meaning long after some others FINAL deadline in march whereby in march the others get approved and able to begin with just a <28 day delay. again meaning all start on april 10th |
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Do you think BRICS countries might opt to use Bitcoin for international trade or even as a replacement for the US Dollar? Will they simply exchange local currencies OR will they develop something new? ( Something that can be controlled by them?) I don't think that BRICS countries opt to use Bitcoin for international trade because most of strong of them are already give ban on Bitcoin/cryptocurrency use. And it is already much clear that they making a new currency like the Euro in Europe. its been made perfectly clear many times.. each country involved in brics will have their own CBDC and they will interchange those CBDC using what they call an M-bridge |
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he two BBG gurus Balchunas and Seyffart and the hypothesis that GBTC would be excluded from the day 1 launch surfaced, they both more or less agreed on that Well, this would explain why Cathie Wood was selling recently. She could have even more insider info than Balchunas. cathie woods also had SEC communication whereby if she believes her ETF is not able to operate in january there is no point submitting more filings at the end of december. so by her submitting the forms in late december needed to finalise the conditions she is pretty much stating she is ready to roll so yes grabbing cash out of other investments to then seed her own is good business |
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ETF approval is nigh, the real question is: "Will GBTC be in the same batch as the other issuers"?
Yesterday there was an X-space with the two BBG gurus Balchunas and Seyffart and the hypothesis that GBTC would be excluded from the day 1 launch surfaced, they both more or less agreed on that.
This could have massive implications for GBTC, which actually saw the spread narrowing to less than 6%.
.....[edited out].... grayscale. due to all litigation of the past and present (gemini fiasco) doesnt give good confidence to the SEC, although grayscales recent change of management to people with real fund management experience would/did help.. so grayscale is still the questionable one compared to say blackrock In regards to Grayscale, I personally believe that SEC is already punishing them quite severely by insisting upon "cash" rather than "in kind" conversion... and so in that regard, even if GBTC goes forward (with the approval) at the same time as the others, whether it is 4-6 as proclaimed by you, Franky, or some higher number that is closer to the full number (maybe 9-12?), I am inclined to believe that Grayscale is going to largely be approved at the same time and that the number of approved will be way closer to the full number rather than Franky's lower number, which even you (Franky) seem to be coming up a bit off of your initial assertions that only 1 would be approved.. and even your date seems to becoming more accepting that these approvals are imminent.. even though it did turn out, as you suggested, that they had not gotten approved in 2023 - but still matters are humming right along, and in late November when I suggested that the could have had been approved in 2023, I actually had not realized that there were public comment periods that were until early January. Another point regarding how soon that these matters are going to go "live" after approval, there are some folks that suggest that they may well end up going live within a few days after approval (so allowed to be traded), and part of the rationale for that might have to do with the complexity of fair advantage or if Grayscale is able to convert right away, then the ETFs should be allowed to provide competition (or an alternative place that current Grayscale customers would be able to go upon their conversion, including that the "in cash" rather than "in kind" conversion is creating a taxable event that may well more easily inspire current Grayscale customers to be more portable.. which again shows another way that Grayscale is being punished or attacked and probably Blackrock or some of the insider bullies were able to get a likely approval of those kinds of dynamics in which some of the status quo incumbents, such as Blackrock, are likely using the tools of government to create seemingly subtle, yet unfair advantages for themselves... even though you, franky, seem to just love Blackrock for its supposed competency, rather than its getting things done due to bullying and "influence".. which surely might not always be distinguishable between free market dynamics and currying favor. first of all after the approval and even now pre approval, people cant buy one grayscale share and then convert it to 0.00089445 real btc "grayscale customers" never have nor will get that ability. before or after approval the whole SEC regulation about "in-cash" is about BASKETS(allotments) of shares being managed by agents(fund managers(authorised participants)) dissolving a basket of shares and get the reciprocal coins unlocked where the custodian then sales on OTC/darkpool by which the agents then get cash from custodian again an ETF is never going to be where "customers" get to swap shares for sats .. secondly im not a fan of blackrock. however i recognise their playbook if you see how blackrock is doing BIG deals in land grabs of eastern ukraine. you will notice they are big players in investments and deals. they have history. and that cant be ignored though grayscale has been a bitcoin associated brand for nearly a decade and blackrock are only toddlers in the crypto market. blackrocks financial experience of ETF approvals is not something to ignore. and grayscales crypto involvement is not something to inflate as superior in regards to SEC decisions thirdly im not the one creating deadlines for instance ARK21 FINAL deadline is jan 10th but the others just have interim deadlines and like i said hashdex and franklin both had interim deadlines of JANUARY FIRST.. but they didnt get approved so with bitwise(jan 14th) blackrock(jan 15th) INTERIM(NOT FINAL) there is a chance SEC may deny ARK21 on the 10th and then delay the rest until their final deadlines of march-june that said.. i said chance.. with SEC not just communicating with CBOE for arks approval but also nasdaq and nyse for the others. there is chance of SOME approvals at ark21's deadline.. but its not set in stone, proven, guaranteed |
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The only real way to earn Bitcoin is to go mining after all or ancient faucets (kidding)... but then I recall there were also all those terrible bitcoin cloud mining investments mumble that's the past ...
At least with the modern regulations were moving to Bitcoin basically being established permanently as the foundational coin of the entire crypto ecosystem, with a relatively low risk ETF Franky, while Altcoins are still shooting it out and Ethereum.
So Progress?
there are many other ways to earn bitcoins. sell products and skills for it (although niche market right now) i do see many businesses and freelancers getting paid in crypto and people selling merch in bitcoin (the guy that designed the metallic bitcoin sold sooo many of them metallic coins. BTC caps, hoodies, initially even alpaca socks and cupcakes ) bitcoin was literally always the foundational coin.. but institutions are recognising that bitcoin remains superior to the flood of altcoins in the last decade. years ago i used to order fast food delivery paid in btc to people i knew to prove bitcoin had utility. now i just show them how blackrock is investing in bitcoin and spending millions in legal costs to establish itself in bitcoin ETF to show they are interested in hoarding bitcoin for the long term, meaning bitcoin is not a fly by night temporary turn and burn investment. employers and employees interested in crypto can divert their pension allocations into exposure to bitcoin price via etf where they can pre-tax invest their income in bitcoin price exposure. and if they only make $44k of GAINS they dont have to pay tax on the exit . thus get exposed to bitcoins profit with no income tax and no cap gains tax(within threshold) so you can understand why the institutions want to offer bitcoin exposure.
however the altcoin community is not completely dead. we will see networks appear that archive tokens that represent things such as: imagine you had a token for a song. owning this token then allows you signing access to play that song on multiple platforms without having to buy the song on different platforms each time you want to play the song current concepts/design of NFT are dead/serve bad purpose. but there will be new concepts and designs that will make consumers appreciate crypto more and make it common for instance: everyone knows of pokemon go's AR interface.(where people enter the app and use their camera phone to scan the real world to find digital animals to collect.) well right now KFC are making an app where you can walk around a town and bump into and collect the colonels head or a chicken drumstick. where these are stored like vouchers/airdrops/loyalty points. and you can trade them with other people on a secondary market (imagine like mcdonalds monopoly sticker thing but digitised into pokemon go) it ends up being free to advertise to customers instead of leafleting peoples homes mail. and once people collect the tokens instead of being spammed with emails of other deals when signing up to traditional loyalty subscriptions. the company just gives occasional add-on tokens(vouchers) imagine collecting 9 drumsticks and able to claim a free bucket of chicken so things are yet to even flourish for some altcoins yet to be released, so keep an eye in the space of what starbucks, kfc and big brands are doing in their crypto based loyalty systems and if they integrate with any already known altcoins |
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ETF approval is nigh, the real question is: "Will GBTC be in the same batch as the other issuers"?
Yesterday there was an X-space with the two BBG gurus Balchunas and Seyffart and the hypothesis that GBTC would be excluded from the day 1 launch surfaced, they both more or less agreed on that.
This could have massive implications for GBTC, which actually saw the spread narrowing to less than 6%.
officially only ARK21 has the jan 10th FINAL deadline, the others have FINAL deadlines for March onwards where by some only have "next"(interim deadlines) in january 14th-17th with hashdex having a "next" interim deadline on the 1st of january and they did NOT get any news at all.. (shows some possibility that the others with just interim deadlines in january may get ignored too) however the SEC has been not only consulting with the CBOE (finalising ark) but also with NYSE, NASDAQ to suggest finalising some others too i still dont think all dozen will get approved simultaneously, but the main 4-6ish will sometime before summer, maybe at same time in january or in march grayscale. due to all litigation of the past and present (gemini fiasco) doesnt give good confidence to the SEC, although grayscales recent change of management to people with real fund management experience would/did help.. so grayscale is still the questionable one compared to say blackrock |
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