That makes no sense. I mean, it's great that the energy is being used for something useful but it's still CH4+202 -> CO2+2H20 Left-wing math, presumably. If the methane is burned off (hence flare gas), then it's purely an economic issue when it's used for bitcoin mining instead but many oil companies just vent the gas (since it's less dense than air) into the atmosphere rather than burn it and in that case, the unburned methane has somewhere over 20 times the effect of CO 2 as a greenhouse gas. This is why they're going after cattle as well. We're going to have to tap those cattle next for bitcoin mining. Bitcoin miners will also try to make the case that using flare gas removes some reliance from other fossil fuels which have a higher carbon content and coal (pretty much all carbon). I'm not sure I buy that logic because if the energy comes cheaply enough from flare gas, then older, less efficient bitcoin miners could be used where they would be too inefficient for use within the existing electrical distribution system. I am not sure how we can reduce methane production by cattle without reducing cattle numbers. For a second there I imagine attaching a methane collecting box to their behinds, but then....it is not possible. On a large scale the solution is an artificial photosynthesis process, no doubt. In photosynthesis (done by plants), CO2 is captured from the atmosphere and sugars and oxygen (as a byproduct) are produced. Two problems: 1. Splitting water at the ambient temperature and 2. Running the system at relatively low CO2 concentration (as plants are able to do). However, it is a scientific/engineering problem that can be eventually solved aka there is NO reasoning as to why it cannot work in principle. Info: https://en.wikipedia.org/wiki/Artificial_photosynthesis |
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... to derive value in the market, a phenomenon known as "shared subjectivity" which blurs the line between subjectivity and objectivity arises, whereby money derives a "shared subjective value" price from market participants who come to pricing agreements in trading based on the performance of various functions and intrinsic properties of the monetary good .... these functions and properties that are usually ascribed to monetary goods that perform well in the shared subjective value stakes of monetary markets are well-known and described by over a century by classical monetary economists
According to Desjardins,[28] "many economists and experts in the field agree" that the functions of money are that it is a medium of exchange, a unit of account, and a store of value. To fulfill these various functions, he states that money must be:[28]
Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability).
Durable: able to withstand repeated use.
Divisibile: divisible to small units.
Portable: easily carried and transported.
Acceptable: everyone must accept the money as payment
Uniform: all units of the same denomination have the same value
Limited in supply: its supply in circulation must be limited.[28]
https://en.m.wikipedia.org/wiki/Money... none of this is controversial, learn what money is, how it works and you will be good with money, like any other complex tool that aids in your survival. You shouldn't drive a car or shoot a firearm without learning how it works. According to this definition ANY money is not "MONEY". Fungible: its individual units must be capable of mutual substitution (i.e., interchangeability) - does not work if you have the same 'money', but happens to be in a 'wrong" jurisdiction. Durable: able to withstand repeated use- irrelevant because of point #1 Divisibile: divisible to small units.- irrelevant because of point #1 Portable: easily carried and transported.- irrelevant because of point #1; in addition, you might not be able to transport anything aka being stuck Acceptable: everyone must accept the money as payment.- definetly completely impossible as NOBODY is currently accepting a particular form of money for payment. You might not be able to pay with cash in some places, credit card in other, bitcoin in third, etc, etc.. bitcoin is not accepted everywhere, you cannot pay in almost any store with a gold bar or a heap of silver. Uniform: all units of the same denomination have the same value- almost within reach right now, but with some caveats that could be enforced to become insurmountable in the future (as far as bitcoin is concerned) Limited in supply: its supply in circulation must be limited.- important, but not relevant in the case of restrictions on use. |
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I am coming to realization that money has no real value. It's pretty shocking, actually.
Whether this includes bitcoin, it is still an open question, but better than the rest, of course.
I can use money in my pocket right now of course, but what about a situation when some goods are absent as it started happening (mostly outside of US for now)?
I am also a bit shocked that bitcoin did not go up 50% recently, considering what happened with fiat. Flat city.
Does property have value? Maybe, unless you are not the 'right' person at the time. If you are not, people might not respect your property rights.
So, chalk off property as well. It has been a nice 77 years of stability in that respect, not anymore.
What is of value: imho, it is your geographical location, access to readily available resources (I am talking about food and water mostly), freedom of movement.
Bitcoin could play a role in the last two (or even all three) params.
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 https://twitter.com/jack/status/1502358737981521925Fingerprints, batteries and people.We’re building a wallet that will be easy to use for everyone. In our first post, we covered how we’re accomplishing this: we’re building a combination of hardware and a mobile application that will let you choose how you want to balance the convenience of using the app for transfers and the security of requiring the hardware for authorizing higher stakes money movement. This means that the hardware is only one part of the experience - in fact, only a small part. Customers will primarily manage their money by interacting with the mobile application we’re building, and will only need to interact with the hardware in combination with the mobile app to authorize larger, less frequent transactions above an amount of their choosing.
For transactions that require using the wallet hardware, we want our customers to be able to unlock their wallets securely, but with ease - an unlikely combination that historically has not existed in the market. We believe PINs, passwords, and seed phrases are confusing and often not secure given the workarounds normal people have to create given all the friction. This compounds when the need for those passwords are more rare.
Instead, to achieve seamless authentication in practice, we plan to incorporate a fingerprint sensor into the wallet hardware. Every authentication technology comes with tradeoffs. We’re excited about the security against theft or misuse that this will provide, the peace of mind that will come from not needing to remember yet another PIN, and the ease of placing a finger on the sensor rather than manipulating tiny, failure-prone buttons on a difficult-to-read screen. We're aware of limitations we'll need to design around - for example, some customers will want to share access to their money without relying only on their fingerprint. As we build the product, we'll evaluate additional access methods that customers could opt into. And of course, fingerprint sensor data will never leave the hardware device. But don’t take our word for it - listen to the independent community that will be able to inspect and verify our source code. Are there other limitations we should be designing around?
Additionally, as we’ve continued to design the hardware component of the wallet, we recently chose to use a rechargeable lithium polymer battery and USB-C port to power the device. We believe this is the best choice for this product, as it optimizes for the best customer experience and design. We shared our thinking and solicited feedback using a SPADE, a decision document format commonly used within Block. You can read more about our decision here. pretty stupid, imho, unless it comes with two params with a second be a simultaneous temperature sensor  ( and maybe a third measuring adrenalin levels) |
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car were illegal there for a while too, or, rather, you had to have a representative with a flag running ahead of the car and warning pedestrians (and horses). Boris: "Lovely", "I'm chuffed to bits!"...."bloody well done!" |
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@jjg...of course I am not happy, considering everything else, duh!
In this situation, popping to 50-53K would be within possibility, but not necessarily the most probable scenario.
You are right about 46 as it represents roughly 50% recovery (not a fib per se, but closely followed by the TA people).
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a bit tired of all those fake moves.
$39.67K
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The world is on fire.
Again.
Meh.
Somehow, I expected the Fourth Turning to be a bit more benign, silly me. |
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  After a massive surgery last year…. 8 March 2022 will remembered when losing my best friend. So sorry to hear it. Thinking of getting a dog, but this would have broken my heart too. Still, great memories remain with us even when they are gone. |
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Why use EMA, then?
Yet, I don't see why we would want to start referring to the EMA in these here parts when there are a lot of folks who refer to the regular MA to make various points.. and there seems to be a lot of analysis that largely account for the MA (and do not refer to the EMA)... .. and if you are throwing out other references such as the EMA, then maybe it just comes off as gobbledy-gook since many of us have not really looked into it or tried to figure out why we would want to use it. If you insist on using the EMA rather than the MA, then maybe you should be pointing out why it is either something that we need to pay attention or that there is some meaning and value in using it, rather than merely seeming to contribute to chaos and confusion.. ...
I have been using EMA forever and works good for me and is also a good support/resistance level for the BTC in the past. I have never used MA or SMA in any of my analysis. "Since EMAs place a higher weighting on recent data than on older data, they are more reactive to the latest price changes than SMAs are, which makes the results from EMAs more timely and explains why the EMA is the preferred average among many traders." - https://www.investopedia.com/ask/answers/difference-between-simple-exponential-moving-average/well, but this makes the phrase 'bitcoin has never gone below 200wk average [for more than a week]" meaningless, as shown in your own chart above, hence it cannot predict the all-important bottom, which is quite important. in fact, the chart shows that you cannot predict almost anything based on 200wk EMA. |
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200 of what?
I doubt that it is 200 weekly as that one has just gone over 20K recently.
200 EMA of Weekly is at $25,800. OK, but the confusing part in this is that most of other TA parties/people are using another type (SMA). Why use EMA, then? |
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200 of what?
I doubt that it is 200 weekly as that one has just gone over 20K recently.
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why the panties are there?...ha ha ha |
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I am sorry, but I have no clue what you are talking about, and I strongly suspect that you don't either.
Or, is it a 'talk' after a few drinks?
No, pretty sober on this one. What is unclear about my thoughts here? Oh, it's just your cavalier attitude arguing FOR the nuclear war...and soon. I am pretty sure that actual capabilities are well known to those who needs to know, and I am also quite certain that you are not among them, hence I read it as a bravado of a person who knows pretty much nothing about it. https://www.sciencealert.com/here-s-why-incompetent-people-often-seem-so-confidentYes, you don't sell the knife to the guy who said he will use it, but in this case the 'guy' had a 'gun' instead for more than 70 years. As the others had posted, nuclear war= we are all dead (in the larger cities) and if you are in the rural area, then you likely to die in the following 6-12mo. I read once that pres Kennedy was reviewing conflict preparations and found out that even smaller cities had several "units" (be a bomb or a rocket) targeted at them, therefore, no chance to get out of it if you stay put beforehand. Not going to post anything about our prior pres. as it just inflames everyone. |
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I obviously don't agree with what Putin is doing but I wouldn't underestimate any retaliation either.
Putin should be extremely grateful that NATO isn't nuking his ass. Not for Ukraine, but for threatening to use nukes. In the Great Game that is considered to be "not acceptable". Even if we go back to RealPolitik, it's a balance of power, not a terrorist game. On a more 1980's note: If this is a nuclear terrorist scenario then now would be the time to strike. Russia's nukes are probably in worse shape than their tanks, why wait till they fix the stuff? Yeah, the above is very bad. But we're back to 1982 thinking here, and that's probably the best response in that type of game. Putin lighting his stuff off first is not going to work well: ABM systems are a lot better than the late 1980's tech and I'd guess that a lot of the stuff wouldn't launch anyway. The response to such a move would be could best be termed an "out of court settlement" turning the leadership into glowing glass, trashing what's left of their launch capability, and sparing most of the people. Where you go from there is complicated. Nation building is not the forte of the US and there will be 140 million very unhappy people with broken Iphones...... I am sorry, but I have no clue what you are talking about, and I strongly suspect that you don't either. Or, is it a 'talk' after a few drinks? |
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https://www.cnbc.com/2022/03/03/russia-ukraine-live-updates.htmlThe State Emergency Service of Ukraine said Friday that following an attack by Russian forces on Europe’s largest nuclear power plant, the facility is currently secure.
The emergency service said that there was a fire behind the nuclear power plant in an area that is used for training. does not mean that this is the last word, however.
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Acknowledged, but if money is 'nothing', then what is 'something'?
Gold is somewhat stupid in the digital age, I am sorry to say.
Yes, i know, bitcoin is the ultimate answer, but there must be something else we can put down for the path between 'money' and 'bitcoin' until bitcoin is much bigger.
What could it be?
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