when the price drops. dont think "panic"
think "discount day"

those that panic sell at a loss, those who are smart, buy more while at a discount

all these people trying to promote new 'proofs' for bitcoin. do not care about consensus. they just want to find a way to get free coins without it costing them much electric/equipment cost

things they do not consider/think about
1. the difficulty/strength/rebustness of the immutable blockchain locks that prevent outsiders editing the data via brute force/outpacing the blockheight
2. no matter what 'proof' people think will benefit the little guy.. usually ends up revealing that big guys just multiply the 'effort' by either running multiple instances of the program. spreading funds over multiple addresses to pretend to be several people with stake. or just hoard alot of stake in one address to exceed the little guys smaller stake.

all of this not actually helping the little guys get free coin because its just going to become a new type of 'pooling' resources.. and also reducing the security of the immutable chain.

bitcoins success WAS because of 3 things:
cheap fee's
useful for the unbanked
useful for those that want self control and not counterparty control


..
first the fee wars... devs said high fee's are good
next the KYC... devs said proving ID and banking/credit rating was good
soon the counterparty contracts.. devs say putting funds into a joint controlled address where counter party can chargeback is good

..

and people were thinking it was governments that would ruin bitcoin

its not miner spam.
its mixers spam

sol adoni is just a psuedonym
sol adoni is not a billionaire

YOU are the scammer that uses the pseudonym sol adoni. and your game is up.. see you in another 2 years, like last time

lol

dollars dont travel to crypto exchanges.
they dont even travel across the oceans

dollars just move from one bank account to another.
meaning they dont just evaporate once a user buys bitcoin.

it does not matter whos name is on the bank account.. whether its a individuals name, or a exchanges name, or anything.. dollars will continue as they always have moving from one account to another..

governments have
legal tender laws
tax laws
minimum wage laws
court fines and parking fines laws

all designed to keep fiat circulating between account holders. and this will never change

at best. if bitcoin devs took their thumbs out thir asses and implemented a fee formulae properly to make spamming expensive and real utility cheap.. then bitcoin could be used as a viable daily use currency to SIT ALONG SIDE fiat. but it wont destroy fiat.

because its not just about a currency existing that destroys another..
its not even just about a currency thats popular
otherwise the EURO would have killed dollar, yet america protects the dollar with the laws mentioned above to stop the EURO becoming americas fiat.

futures market is not bitcoin.. no bitcoin is held
people gamble contracts.. not bitcoin

its lik betting on a racehorse without ever sitting on one. thus not really a topic here.
however you could try talking about it on the speculation sub topics

just remember, unless you own and have full 100% control of the privkey of some BTC, you dont own any btc

a blockchain is not a physical chain.. meaning
you cannot make a physical necklace out of a bitcoin
you cannot make some ones denture/filling out of bitcoin
you cannot melt a bitcoin and create circuit boards out of it

bitcoin is NOT a commodity. its an asset. they are different markets and many people do not understand the difference

bitcoins UTILITY was never as a commodity. it was a asset currency. and because its losing its utility as a means of payment of goods. its not really fit to sit beside fiat or fight against fiat. its now left in the realm of the speculative asset market, not the monetary market

bitcoin is closer to the real estate market than the gold market. the owner holds the key but never sleeps in the property they own, they just want to pass it on and make profit

if the only positive reply is directly or subtly hyping the 'price' potential. then it shows people need to think deeper about what they are investing in

p.s i have been involved for years and have a nice hoard of bitcoin, but even i can see passed the personal greed to see the reality

the OP of this topic is the scammer known from previous years as Sol adoni
faking his own fame to try scamming people out of their coins

he has tried doing this a few times now.

the OP of this topic is the scammer known from previous years as Sol adoni
faking his own fame to try scamming people out of their coins

he has tried doing this a few times now.

OP needs to read more details

'that is artificial'
meaning doing FAKE crypto schemes that never become real crypto currencies
in many countries finance is not criminal, but civil and thus its a fine and a court order to not repeat
but then breaching a court order then becomes criminal

blaming coinbase is just more bait and switch. to say businesses need LN..
and im laughing at how many people fall for the bait to then praise LN without them understanding LN

...
but the truth is. its MIXERS that are causing most of the congestion.
the very definition of a mixers function is to spam the blockchain. and even when LN is functional as a opt in service.. mixers will still spam the blockchain.

identity/personal credit rating
land registry
births deaths and marriage/passports
finance sharing between multiple entities (business partnerships/suppliers)
laws and criminal records
educational/medical records
product/manufacturing controls and automation

other benefits are that because blockchains self audit. it requires less human resources just to audit the data, less IT/security personnel to protect the data and this can also decrease costs in many area's such as fraud, staff theft, or corporate corruption

i have listed less than a dozen, but there can be thousands of uses of the technology

stagnation, is no movement at all..

but bitcoin still has waves every day, its just not a constant repeated tsunami
chill out enjoy the small waves, stop screaming and hoping for tsunamis

firstly you seem to only want to shake the market to get a price rise..

secondly a price rise will cause MORE exclusivity because UTILITY will decrease even more. leaving only large investors who dont care about $2-$20 tx fee's

what would be great is if GREED died down. and people realised if they actually started caring about utility, this alone would make bitcoin more popular, and it would as a side effect still give people a positive investment value increase.

but just screaming 'get more adopters' is a bernie madoff script, which inevitably bursts

the network as a whole.. no

you personally. yes

basically no one can just take funds from the blockchain by manipulating their copy of the blockchain.
but people can target you directly by hacking/accessing your computer and taking funds from you by using your keys

there are two possibilitis, but without knowing the full context of what/where/how you heard it. not many can guess.. but here are some suggestions


binary options are the scam of the trading market.
there has been an increase of advertising these scammy 'binary options' trading platforms in the bitcoin industry

or

it is just a way of saying "digital" mining. as oppose to mineral mining.
as a way of easily expressing the difference without having to use cryptic words like blockchain/crypto

a bubble popping does NOT mean death/ non existence
it means losing the vapour/air of empty space speculation where by a much lower level of underlying value becomes visible


tulips still exist and grow.. literally
houses still exist and grow

whenever i see a crash i see it as discount day, not run away penny-less Armageddon day.

general tips:
1. dont throw your whole life savings into one order/one investment.
2. its better to use funds that would have gone to waste anyway. EG if you waste $80 on fast food each week, which just ends in the toilet 6 hours after digesting. use that to invest in bitcoin
3. if your disposable income(explained in 2) is low whereby a bitcoin tx fee is a noticeable % of that income. keep it as fiat until you see a good discount day where the drop offsets any costs to ensure you dont lose out before you have even started
4. dont hold bitcoin waiting for 10,000% returns. its better to wait until you make just some profit. cash out. and then buy back in at the next discount day.
5. you dont have to cash out all of it when you make profit. but leaving it all in as a hold, means you lose out on opportunities to gain more on those discount days
6. never hold(medium/longterm) funds in an exchange. only hold the funds you want to trade in an exchange for the time period you want to trade it. keep the majority of funds that are not ready to be traded off of exchanges and instead keep them in your own private keys

P.S i fully agree with all of 'question authorities' posts in this topic.

its not a pyramid.
because a pyramid has many steps/levels where part of each trade gives funds to EVERYONE ABOVE the bottom trader.
however with bitcoin, its just a 1-on-1 trade, so once bitcoin is sold..its done..  no hierarchy, no syphoning off, no layers..

though bitcoin had purpose from 2010(bitcoin pizza) untill about 2014/2015 (merchant/retail spending) that has pretty much dried up now and not many really use it as a functional monetary currency anymore

now its just an asset currency, held purely for the hope of selling it for profit. many say its more like a ponzi, in which a ponzi is basically a asset with no function thats only purpose is to convince a new person to buy it from you for more then you did, knowing eventually that people will lose out when it crashes.

to me its more like a bubble.
houses are a bubble, do people buy them as a place to rest their own head at night or as pure investment such as buy to let/real estate
tulips are a bubble, do people buy them as a cool flower to garden, or as pure investment

when the function/utility desire decreases and the investment gamble/speculation desire increase, people start to notice the bubble
that said. even if the bubbles burst. it may not mean its dead..
flower companies and gardeners still buy tulips even today, and tulip suppliers still make profit even today centuries after the tulip bubble burst
houses still exist and bought today. even after the real state bubble burst
a bubble simply means the inflated air of speculation has popped and a new lower more realistic level of function/utility value comes out of it

with bitcoin the utility desire is nearly gone.. only investment desire is dominating. and at some point even that will wane.
so ill leave you to think about that

as soon as i read "gigabyte blocks" i started laughing at how much hatshpsut93 has been indoctrinated by the reddit propaganda. no where on the face of this planet have gigabyte blocks been an actual proposal

secondly LN is not permissionless..
its like saying anyone can open a bank account. but if you cannot take your money out unless the bank authorises it. its not permissionless
LN is a smart contract with a counterparty that needs to DUAL sign with you.. if a tx does not have both signatures the payment cant be authorised..

the flaw then becomes that you are forced to broadcast a previous ln tx that was countersigned.. but the counterparty can then invoke their CSV revoke code because you transmitted a tx you shouldnt have. in short LN is ripe for blackmailing people by not agreeing on payments and then forcing the other party to lose out

its really worth people reading the code and documentation and not just reading reddits garbage.

LN is not a bitcoin solution.... at best its just a off chain service.. the big issue is devs are not fixing bitcoin. they are crippling bitcoin to try to force/persuade people into thinking this offchain service is the last resort..... sellouts