That's merely an opinion,
And that's your opinion because what I said is a fact. Actually, no, and at the very least, it's debatable. But let's just agree to disagree.
but technically it's wrong because an "exploit" in computing is an actual attack that takes advantage of a vulnerability in a computing system. Ordinals is neither an attack, nor Taproot has a vulnerability. Newbies are reading our posts, let's not spread misinformation.
There is no vulnerability in Taproot, there is an exploit in implementation of Taproot that is in bitcoin core. The core devs either didn't foresee this attack vector or they saw it and didn't care enough to prevent it just like they'd prevented similar attack vectors in the past through standard rules.Technically if there's no vulnerability, then it's not an exploit, and if it's not an exploit, then it's not an attack. At the very least again, it's debatable. Plus there will be developers who could debate that a feature was discovered. |
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Whether you buy the dip, or you DCA.. or you HODL ... or you do some variation of that, if your investment timeline is 4-10 years or longer, you are likely coming across more cash during that time and you are likely witnessing a decent amount of BTC price volatility along the way.. so yeah, if you are able to figure out when and where the dips are, then you are likely going to be better off by being able to time the buying of BTC during the various dips.. yet it seems to me that figuring out the dips and getting it right is not an easy task, so any of us who are in bitcoin for a decent amount of time and are continuing to add to our position with the passage of time, we are likely going to realize that sometimes we are just throwing up our hands and just sucking it up.. and buying at whatever price because we are having difficulties figuring out whether the BTC price is going to dip more and also we might well be able to see that we are accumulating cash with the passage of time and we would rather store some of that cash in bitcoin rather than continuing to hold it in cash and waiting for a dip that may or may not come.
Your insights about difficulties of timing the market and accurately predicting the dips in Bitcoin price are accurate. It is true that investing in Bitcoin is a long term game to make your investment profitable. It is also important to have a well thought out plan that aligns with your investment goals and risk tolerance. Dollar cost average (DCA) is a popular strategy to mitigate the impact of market volatility but we should keep in mind that no investment strategy is entirely fool proof and there are always risk involved with investment. I am not really sure if your response is saying much of anything. ** (**ps.. I am not proclaiming to be saying much of anything either.. even though I felt somewhat compelled to attempt a response.... so there is that angle, too)..We can choose to invest or not to invest into anything... and those are investments of time, energy, psychology and financial value... invest or consume... or maybe there are more ways to frame our choices? We can also choose how much to allocate to any investment, including choosing not to invest anything or to do nothing, which may well still add up to something similar to not investing anything. Sometimes when we are young, we are not sure what we do not know, and so we are learning along the way, and surely some people start out with bad information, bad circumstances and bad options (or at least not very many options), and sometimes they can make choices to increase the odds that they will do better in life or that they might end up doing worse in life than what they could have had done. Some folks have to work harder than others, and sometimes the hard work does not end up paying off, and maybe it could be more guaranteed that a person will not advance if they do not make any preparations to invest in themselves in various kinds of ways - and sometimes any of us could be presented with opportunties at certain ages, but those opportunities might not be available at later points in our lives, so if we do not choose at a certain point when we are in our 20s, we might not be able to make similar choices in our 30s, 40s or 50s because those opportunities to invest versus consume are no longer available. In regards, to the bitcoin price it is possible that this week is the last time ever that prices will be below $30k, so there could be an opportunity to invest.. But the fact of the matter remains that we do not know, and we could be kicking ourselves if we took out a loan for all of our income for the next 5 years and we invested it into bitcoin at $27.5k, but then for the next 5 years, bitcoin prices end up getting stuck between $5k and $15k until the year 2028.... so then our investment ended up NOT paying off in a positive way, and we would have had been better off to just invest with money coming in rather than to front load our investment into bitcoin. There are other ways that the future ends up playing out that our investment pays off stupendously, and our leveraging (including our having had taken out a loan - almost in a gambling capacity) had paid off way more than a more strict approach that relied only upon our income as it comes in. Some folks are more inclined to gamble with the various ways that they invest, and surely some of us (including yours truly) would proclaim that they are not investing because they are inadequately accounting for the various outcome directions, so even if they might be successful for a while, if they continue with that kind of practice, the odds become higher that they are going to end up either losing big time or to at least have had done worse than if they had taken a more prudent approach.. .. there are ways to be aggressive and prudent at the same time, and frequently the line is not clear... the line between investing and consumption might not be clear and the line between investing and gambling might not be clear either... yet each of us has to make our choices based on the information and resources that we have available, even if we might not actually understand the information or the resources that we have available or how that we can use our information/resources and even if there might be people in the world with better information/resources than us.. and sometimes the one with inferior information/resources will later surpass the person who had superior information/resources based on choices that had been made earlier in life. Of course, there are no guarantees that doing the right (or better) thing will end up paying off. Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.
You are a bit ambiguous both in terms of your prognostication regarding what might happen and also lack of specificity regarding what constitutes a "dip" worth buying. #justsaying for a friend. I can't be more specific because a mere pleb like me can't predict precisely where Bitcoin will go. Of course, no one can predict, and some folks have better information views than others, and some people figure out better ways to "play" their options/outlooks than others. I'm simply making a shower thought/musing that because inflation remains to be sticky, the Federal Reserve might be more aggressive in tightening/QT to reduce demand to bring inflation down. I believe THAT will bring forth a recession. The "soft landing" the Federal Reserve wants is improbable.
If the Federal Reserve pauses QT and rate hikes, or do the worse, PIVOT and actually reduce rates/start QE, inflation will go up and also bring forth a recession. It might be worse, a depression.
Yes. There are ways to play your bitcoin options that give a lot of weight to that or alternatively there are ways to play your bitcoin option in ways that attempt to account for more important (and other) variables... in order that you are largely prepared for no matter what ends up happening.... For years there have been people who have been basing their investment choices into bitcoin based on what they believe that the fed will do and/or other macro factors, and they have been touting out nonsense regarding how bitcoin prices are correlated to equities, fed rates and various other macro factors like that, and sure there may well be some short term correlation, but a lot of people have gotten fucked because they fail/refuse to appreciate the reality that bitcoin is way less correlated than what the various pundits are proscribing it to be. Where does that put Bitcoin? It might crash it back near $16,000 again. Another Golden Opportunity.
Yes.. of course, anything could happen, including that the bottom of $15,479 might not be in... but also it is also possible that the bottom is in, and we will never see prices below $27k ever again. I would suggest that it would be better to be prepared for a variety of scenarios, while at the same time appreciating that some scenarios are more likely than others, and frequently, it is not too your interest to put too much preparation into scenarios that are less likely to happen or to prepare for something that is going to cost you a lot to prepare for and it might not end up happening... so yeah.. choices must be made regarding how much dry powder to deploy, under what circumstances and whether whatever you have been doing is already good enough or whether there is some need to tweak what you were doing to bring you into better alignment.... Not too many folks are going to know whether you are sufficiently/adequately aligned or not better than yourself, but sometimes even the self makes mistakes.. so shit does end up happening, including that we have had more than 9 months of opportunity to accumulate more bitcoin through a buying on the dip approach, so it may well be overly expecting matters in which more dip opportunities are coming... They might come, and they might not come, and hopefully, you are already sufficiently and adequately prepared for UP, just in case more dip does not end up happening. During 2019, a surge happened too, from $3,000 to $14,000, then it went down near $3,000. Although, I'm wrong most of the time.
Yes.. I surely do remember that, and yes something like that could end up happening, or it might not. We are not currently in 2019 - even if there could be some similar dynamics going on, yet there could be some dynamics going on that end up looking way more clear down the road after the whole matter plays out, and maybe instead of correcting back down after a 3.5x price appreciation, no correction ends up happening. I am not going to proclaim to either know what is going to happen, but I am not going to deviate from practices that I have already established over the more than 9 years that I have been in bitcoin in that I am largely prepared for either direction and even extremes, and in my own experience, the longer that any of us has been in bitcoin, the more that we should be able to figure out how much resources we are going to put into (or hold aside) in order to prepare for extremes in either direction that might happen (or might not end up happening). JJG, I believe I may have been in a bearish mood when I posted that that day. But after some meditation, I give you a more bullish context. Bitcoin might start playing the role of "Honey Badger don't care" again and go up in defiance of what the economy, or the legacy markets are doing.  Possible? Probably. Unbelievable? Perhaps, but we HODL! |
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Can old trading strategies work again?
It can, and I believe the reason for it is because markets move in cycles, and the psychology of the participants of the market adjust together with it through the cycles. I know that sounds confusing, but the best way I can explain it is when everyone uses the same trading strategy, its effectiveness to gain profit becomes less and less. Let's pretend everyone want an "old strategy" of buying the DIP, waiting for the right DIP. The market would then go lower and lower, giving opportunity to the short sellers = the right trading strategy for the current cycle. But the selling won't last because the market WILL run out of sellers, THEN the "old strategy" of buying the DIP starts working again. It's merely a simplification of a more complex topic, sorry if I can't explain it good enough. |
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Bottom line is no matter how a small group of people swing this, Ordinals is an exploit since it is using it in a way that is should not be used, ergo it is categorized as an attack on bitcoin.
That's merely an opinion, and I respect it, but technically it's wrong because an "exploit" in computing is an actual attack that takes advantage of a vulnerability in a computing system. Ordinals is neither an attack, nor Taproot has a vulnerability. Newbies are reading our posts, let's not spread misinformation. Do I like NFT onchain in the Bitcoin blockchain? No. Do I support Ordinals? No. Do I think Ordinals can be utilized to attack the network? Yes, but let's not gaslight the people. |
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Current number of post (Including this one): 9203
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Let's bring the discussion back to dedollarisation instead of War Propaganda.
Let me share a theory I heard recently that involves possible Finland joining NATO and collapse of (Soviet)United (Union)States.
We know that one of the major factors contributing to the collapse of the Soviet Union was economical. All those little countries with loads of economical problems were under the Soviet umbrella and Soviets had to provide them with enough incentive to keep the "loyal". To put simply as the economical problems grew, eventually the whole thing collapsed.
A very similar situation is happening again. It is not example a "union" like Soviet Union but more like a bloc were US is absorbing all these little countries into it. All of them (the entire Europe) has been facing a crisis and US not only been incapable of helping but they've made everything a lot worse by printing more dollars and exporting that inflation to Europe and by selling energy at extremely high prices and at small amounts that helped deindustrialization of Europe. Now more little countries like Finland with all their economical problems are being added to this "bloc" while US economy is slowly collapsing itself.
On the other side we have an Eastern Bloc that consists of the strongest economy (China), members from the West (like South America including Brazil), almost all the energy in the world (Iran has been in the bloc from day 1, Arabs are joining in like Saudi regime which is literary the only reason why Petrodollar is alive, tiny Arab nations like Qatar/UAE/..., Venezuela and more),... and the whole bloc's economy has been growing over the past year while separating itself from the failing Western Economy and also from Dollar.
The theory is that some experts suggest that what we are witnessing today is the start of the collapse of United States in a very similar way Soviet Union collapsed.
This also means more tensions, more conflicts and more nuclear threat.... and threat of WWIII which could also be averted when US collapses like Soviet Union did and nuclear war was averted in 1990's.
OK, you posted your theory. Playing the Devil's Advocate, let me post something that's actually happening in practice. BRICS can't compete with the United States Dollar system because BRICS can't run their own systems properly. Do the research on that. World trade chooses the United States Dollar system because nothing else can compete with it in? Spendability, Saveability, and Liquidity. It's simply the easiest currency to move, makes the most practical choice to hold because it's the easiest to move in/out to/from it, and everyone wants to accept/transact in it, including China. |
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Current number of post (Including this one): 9201
Rank: Legendary
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They are rejecting a source of good revenue by blocking those transactions. They are protecting their revenue by implementing blacklists, not reducing it. It's a trade-off. They rejected a source of good revenue to protect themselves from getting into mix-ups with the government.
If they are unable to run a censorship-free coordinator, then the correct thing to do would be to shut down their centralized coordinator and work towards setting up decentralized ones.
That's a good solution, but you can't tell a centralized entity what, and what not to do. We can express your opinion, or tell our fellow users to stop using Wasabi, but it would be laughable to expect that we tell them how to run their business.
Instead they opted to sacrifice their users' privacy, enforce the nonsense that is "taint", and attack bitcoin itself, in order to protect their own income stream.
Instead of telling them what to do, show them how it's done the right way. Why not fork the coordinator and have it accept all transactions. |
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Plus with WasabiWallet, what's the point of being a honey pot? They block transactions from "nefarious sources", and no user from the Darknet Markets, Ransomware Market, or holders of stolen outputs would be stupid to go tumble them through Wasabi.
Because we are now in a place where if we want privacy, we are surely trying to hide something. That's how the ruling classes look at those seeking privacy. Why can't you be more like the rest of the 99% of population that doesn't mind that we (your government) looks into everything you do? Since you are trying to break the history of your coins, we (the caring government) must keep an eye on you. We only do that as a fight against terrorism, money laundering, and because it's a national security issue, obviously. I'm confused. Are you trying to say that Wasabi is a honey pot simply because it wants to follow its "law-abiding" users' transactions? Using that debate as the basis, but the government could also set up a mixer/tumbler of their own and follow both "bad" users and "law-abiding" users' transactions. Their attention would be to those who could act as a real threat against them, no? Plus I believe Wasabi blocks transactions from nefarious sources as an accepted trade-off to avoid "mix-ups" with the government. They are rejecting a source of good revenue by blocking those transactions. |
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Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.
You are a bit ambiguous both in terms of your prognostication regarding what might happen and also lack of specificity regarding what constitutes a "dip" worth buying. #justsaying for a friend. I can't be more specific because a mere pleb like me can't predict precisely where Bitcoin will go. I'm simply making a shower thought/musing that because inflation remains to be sticky, the Federal Reserve might be more aggressive in tightening/QT to reduce demand to bring inflation down. I believe THAT will bring forth a recession. The "soft landing" the Federal Reserve wants is improbable. If the Federal Reserve pauses QT and rate hikes, or do the worse, PIVOT and actually reduce rates/start QE, inflation will go up and also bring forth a recession. It might be worse, a depression. Where does that put Bitcoin? It might crash it back near $16,000 again. Another Golden Opportunity. During 2019, a surge happened too, from $3,000 to $14,000, then it went down near $3,000. Although, I'm wrong most of the time. |
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~
That's why Wasabi decided to take the trade-off of blocking transactions from "nefarious sources" that's "according to" blockchain analysis companies. Wasabi believes that it gives them a layer of security. But does it truly give them a layer of security? It's currently working, but we can't be sure for how long.
That's right but I'm afraid the guys behind Wasabi wallet are doing a lot more than just censoring certain transactions. They may be fully cooperating with the government(s) and other agencies in deanonymizing all the transactions that go through their centralized "mixing" coordinator servers. I don't want go into that topic without proof, because if you accuse one centralized service, you can accuse them all. Plus with WasabiWallet, what's the point of being a honey pot? They block transactions from "nefarious sources", and no user from the Darknet Markets, Ransomware Market, or holders of stolen outputs would be stupid to go tumble them through Wasabi. |
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Username: Wind_FURY
Post count: 9195
BTC address (SegWit): bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
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Current number of posts (including this one): 9194
Rank: Legendary
Bech32 address: bc1q43r6mgjyrexhfc4dpys7ewn0arjls4u9lq97zm
Sherbet username: Orc1Axe
Merit earned in the last 120 days: 63
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zkSNACKs Ltd. as of 2021 was registered in Gibraltar and was operating in compliant way with all regulations and was able to operate and take income and pay wages to employees.
The problems started happening when people started asking questions.
The problem is the centralization where there is a company that is trying to make money from a software (Wasabi wallet) they've created. If the things get worse with crackdowns the same thing could happen to other centralized companies that have created "regular" wallets like Coinomi. In other words it is not even a privacy-wallet related issue. The governments will put pressure on these companies (as the centralized point of failure) and demand they comply with whatever they say. They won't stop there either, they will put pressure on any known entity they can get their hands on. I personally believe that the reasons why some core devs have acted strangely is this, like the recent case where one of them advised bitcoin LN nodes start censoring transactions from certain countries! That's why Wasabi decided to take the trade-off of blocking transactions from "nefarious sources" that's "according to" blockchain analysis companies. Wasabi believes that it gives them a layer of security. But does it truly give them a layer of security? It's currently working, but we can't be sure for how long. |
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You can now say anything. But the fact remains that oil is getting cheaper, Russia is rapidly losing high-priced markets, and the European hydrocarbon market is falling out of Russia's hands. India and China will not help in any way, because. redeem the surplus at a dumping price ... Here, for example, is a real fact - Russia began to stupidly burn gas, which they decided to undersupply to the EU, as part of economic terrorism  Idiot terrorists understand that conservation will mean the destruction of the well, because Russia is a technologically backward country, and without Western technologies it will not reopen wells I read your posts like a humorous magazine. Summary: Russia is falling apart, children are drowning in toilets, grandmothers are praying for Putin, and the Buryats are running out.  We discussed about Putin, and the "common Russians' sentiment" about the war before. I have a new shower thought. What if the U.S. is trying to "wipe out" Russian military equipment in Central and Eastern Europe by not making the war end, then when it's finished, the U.S. will have a monopoly for military equipment in those countries across Europe, making them their everlasting vassals. |
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Bitcoin is surging, and it has gone over $26,000. But I'm not yet that convinced that we're starting a new bull cycle. Is it time to buy EVERY DIP? Yes. Has Bitcoin reached the bottom during November? Most probably. But because of the Macro-Economic situation around the world with inflation also surging, I believe the Central Banks might start being more aggressive to control it = more tightening. Because if the Central Banks cannot control it, inflation itself will cause a recession, and that will definitely not be good for everyone.
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blockchain.com is dealing with the illegal images issue by putting a "report" button next to the pictures of the nft. i guess that solves the problem. if someone reports it and they agree it is a bad image, they can just take it down. off their website anyway. maybe that's good enough.
That's a "solution", although a laughable solution. A silver-lining for the incentivized demand in dick picks and fart sounds in the Bitcoin blockchain, it will solve the problem of "what would happen to the miners if all the coins are mined out", and the long term security of the network. There probably won't be users in the future who would be happy to pay high fees for a coffee-transaction, but there would be users who would be happy paying for high fees to trade their dick pics and fart sounds. That's just a mere observation/shower thought. I'm not starting a debate. |
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Change? I don't want any change. Please bring my empty mempool back!
Stompix is correct, YOU want the change, not him, Ordinals are real, they are already in the blockchain, and no change is required to keep them there, on the other hand, a change is needed to ban them, so it's not like we are trying to convince you to let Ordinals in, they are already sitting on the couch, it's the folks who want them out of the house who are desperate for a change in the protocol, so his statement is perfectly stated. Oh, and as for your little poll thread, please don't take that too seriously, the percentage of Bitcoin users who are going to see it rounded to a whole number will be zero, the only way to find out is to wait a few years and see, if Ordinals stay alive it means enough people wanted them - if they die, it means the opposite, simple free-market capitalism. I believe it will be like altcoins/shitcoins/NFTs, which developers built the tools for users, the investors/traders were incentivized by the development of a market to buy/sell, and the gathering of people behind each project that become "communities". There's a high possibility that if the market for NFTs in the Bitcoin blockchain can incentivize developers and traders to stay and profit as much as they can profit from NFTs in the Ethereum blockchain, then they will come back especially if it's cheaper/more reliable to use the Bitcoin blockchain. |
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OP, alongside all of the suggestions posted in the topic, read the Developer Guides in Bitcoin. Org, https://developer.bitcoin.org/devguide/It's a basic guide that will give newbies a good understanding of Bitcoin. Bitcoin. Org, not Bitcoin.Com. In your programming/learning journey if you have some questions, or answers for the questions of other people in their own journey, you explore Bitcoin Stack Exchange, https://bitcoin.stackexchange.com/ |
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