Most of Runes will obviously die, and buying them today will absolutely be a very stupid financial decision. BUT, from a viewpoint of a user who wants to do his/her shitcoinery exclusively in Bitcoin, Runes might unlock a very LARGE amount of capital in the system - if they do it right. Bitcoin DeFi could be as big as Ethereum DeFi in my opinion. There are builders that are bringing smart contract programmability on-chain, https://www.arch.network/Plus for "wasting" our precious Bitcoins on huge fees, listen to OP. Plebs like us don't have enough capital for on-chain shitcoinery in Bitcoin. BUT for those users who decide to pay for huge fees, they are technically not wasted. They pay the miners to secure the network and to continue mining new Bitcoins to distribute in the system. |
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...Pray for that person that he will have good luck in his life again, if I were in his position I would be devastated and beaten down by a careless act.  It all depends on what kind of deposit he has. Maybe for him to lose a million is the same as for you to lose 10 dollars. And I assume that this million is not his last and he still has at least 10 million. So he still has the opportunity to continue trading and return the lost money. 🤔 That's actually a very good point that you made. Because why would he - let's assume the trader is a "He", I believe women are more practical and safe with money, - "bet" $1,000,000 and be very careless about it? BUT, although you're possibly right, I believe losing $1 million will NEVER be the same as losing $10. A pleb can bet $10 and laugh if he loses, but any person, especially a rich person would hate to lose $1,000,000. The emotional attachment on a "million" is simply more overpowering. |
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Laszlo certainly has its place in BTC history, but that event took place in 2010, and Hal was awarded for that period. Gavin is also one of the candidates, but it's no secret that I personally wouldn't give him the award for several reasons - one is precisely that he went where he shouldn't have, and he himself admitted that he might have scared Satoshi that way. The second thing that disqualifies him in my opinion is that at one point he gave support to CW Faketoshi claiming that he is the real Satoshi.
Plus Gavin's Bitcoin XT proposal, without the proper framing/planning. It was also divisive that ended with a community split between small blockers and big blockers.
Also, the @theymos explorer is from 2010, and the next three awards will be given to people for their contributions in the period 2012-2024. I think that the winners in that period should be looked for in those who had a key role in the development of SegWit and Lightning Network, and maybe those who stood up to CW Faketoshi, like @Hodlonaut.
My candidate is controversial - Shaolinfry for proposing the UASF and starting the movement/awareness that the miners don't have absolute power over the network, https://bitcointalk.org/index.php?topic=1805060.0Whether if it's right or wrong, I believe it's a very important development in the game-theory behind Bitcoin and decentralized networks. |
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Absolute scam site.
I just had the most insane bullshit happen to me ever. I bet on dice, under 51.00, the result is 51.00 followed by 51.00 followed by 51.00. So out of 9999 combinations I get 51.00 3 times in a row on this site, when I need 50.99 or less.
Who ever is trusting this site is doomed to lose all his money real quick. They don't even bother to give you any hope with small wins, they straight up steal from you instantly. I just lost 11 basically coin flips in a row to end the session.
That's over 2000:1 odds , and it was only the end of a scammer 2 minute end. Lose 8 (256:1 odds) , win 2, lose 7(128:1 odds), win 1, lose 8 (256:1 odds) again, win 3, lose the last 11.
That's 44:6 coinflips, do the math, it's a scam. It wasn't even coin flips, the odds were in my favor. Advertise house edge is 2%, real house edge is over 70% every single session.
Ser, it's simply the amount of uncertainty tied to a person's bets. It varies from bet to bet or a series of bets, and sometimes, there are losing streaks. But that doesn't mean it's the casino's fault. RNGesus just didn't give you some luck today/during your gambling session. Losing that amount of coinflips may statistically be "impossible", but it's truly not. There always are outliers. |
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Many newbies even thought that it's a deflationary currency, not a fixed-supply and currently still a inflationary currency that halves the inflation every four years.
The newbies who "got disappointed" because nothing happened immediately after the halving, should learn the hard way. - That by selling at the current price "in disappointment", they will FOMO again during a surge to $100,000 giving them less units in Bitcoin.
Halving is often associated with a surprise price that will increase many times over and that is the dream of Bitcoin holders, not just beginners but everyone. If you look at 2022 when bitcoin falls to $15k and in 2024 it rises to $73k of course the increase has already occurred many times over and they have to measure it to be a definite comparison in what they expect. In this halving it may be a little unique because at the time of the halving we were hit by war between Iran and Israel but the price of Bitcoin was still strong enough to stay at $60k so my assumption is that when the war ends we will see a lot of money going into BTC which will make the price Bitcoin will rise again and continue to print a new ATH. Holding is an action that must be maintained, therefore do not cash out if there is no urgent need for our living needs. I believe another unique situation is that the U.S. economy could crash - a situation like 2008 that prompted Satoshi to start building Bitcoin - and cause a contagion, taking almost everything down with it. Will it take Bitcoin down with it? I believe yes. But we HODLers know what it truly is - Another Golden Opportunity to buy the DIP and add more units of Bitcoin in out wallets.  Plus don't let the billionaires front-run you, YOU front-run the billionaires. |
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In my opinion, and although we should encourage people to buy the DIP and HODL Bitcoin, it's actually understandable if plebs with a very small amount of capital decide to gamble in a shitcoin + leverage. But for an investor who has $1,000,000 and insists on trading shitcoins, which are already volatile, and doing that with leverage then he is gambling with his mental insanity.
That's good advice by buying DIP and HODL instead of small capital by playing gambling on shitcoin + leverage is the same as gambling, sometimes I like to wonder about people who have $1,000,000 assets in shitcoin do they do that because they have spare money behind? But what the OP means is that all his money is in shitcoin so gambling madness is true. Let's pretend he bought Bitcoin with an average price of $65,000 TODAY. Come back to this topic during 2025. I believe the investment would grow, and be worth at least $5,000,000 in fiat value.
That's common sense thinking then we make sense with my own thinking. But other people with $1,000,000 hope to $10,000,000 in shitcoin hahahaha. Or buy a shitcoin on 3x leverage and hope for $30,000,000, then burn through the whole seven figure capital. How do people like that recover from such a very large loss? But there are those kinds of people, the gamblers who have the stomach to take risks, lose everything, but they stand up, try again, and gain back everything they lost + make outstanding profit. But could that be you? Could that be me? Perhaps, BUT people like those are absolutely the exception. That's less than 2% out of the 100% who tried. |
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- There's a possbility that it's merely manufactured. The UK is facing a manufactured fake food shortage. The government has been at war with it's farmers for many years, forcing them to close with insane new regulations. It is not "climate change" related. It is 100% government inflicted if there is any food shortage. https://twitter.com/fxhedgers/status/1782222163774234880 This sort of situation is inflationary, and if inflation doesn't go down, then something will need to break for it to be forced to go down. That indicates a recession, OR if there's too much money in circulation it's going to be worse. Stagflation. |
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OP, what a good topic you started here! But what's the actual point, and are you actually proposing that Coca Cola, Pork, and Pringles are better stores of value than Bitcoin? Good luck with that on portability, divisibility, liquidity, and adoption. Plus I heard the Coca Cola blockchain and the Pringles blockchain are not very compatible with each other. 1 = 1 might not actually be 1 = 1. I believe sending and receiving them over long distances can be a problem too.  |
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I would like to use BRC-20 for completely uncensored communication.
Then why don't you run your own Nostr or Matrix server? That is alongside the second layer scaling solution and as a complementary improvement because something like LN can not solve much alone. Well, if the problem is that on-chain peg-in transactions are not sufficient to bring all people inside LN, then there are other solutions. One of them is to put channel-opening transactions to the off-chain world: https://delvingbitcoin.org/t/can-game-theory-secure-scaling/797/1 And another is of course CoinPool, or other similar proposals, to switch from 2-of-2 multisig into N-of-N multisig: https://coinpool.dev/. But on other hand, it'll require some party use LN software which monitor activity on that sidechain. And in practice, both party could just create the transaction on sidechain itself since sidechain usually offer lower TX fee. Although that would truly make it cheaper and more efficient to open channels in Lightning, the transactions in those channels would not be Bitcoin. They would merely pegged assets from the sidechain. So for that matter, I would much rather have Lightning on Litecoin. At the minimum, the transactions in those channels would not be mere IOUs of the cryprocurrency it's supposed to represent. |
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The dropped in Bitcoin price was largely expected as it usually happens before the halving. You may be more concerned because various surveys and financial institutions have expressed this concern, such as JPMorgan. So I think rather than being concerned here, stay in holding more with patience and tolerance. Some investors prefer to buy Bitcoin at the bottom price in this case the psychological side affects. Desperation acts among them when prices fall or expect more bottom prices. But at this time every investors should be more focused on holding, continuing to buy the dips and DCA. The latest ATH was mainly because of ETF's and what we see from past is that halving doesn't have any impact on price of Bitcoin immediately. If you are looking for effect of halving then you have to wait for a year or more. Since this thread is mainly about buying the dip and HODL, so it's ideal time to be bullish on buying Bitcoin. Those who don't have adequate Bitcoins must take dip's as an opportunity to buy more Bitcoins. If price go beyond 60k then one must buy more Bitcoin's rather then getting worried about price drop. That's absolutely true, many people who are new to bitcoin who hasn't actually witnessed bitcoin halving might be thinking that the halving used to have an immediate impact on bitcoin. I guess some are disappointed right now that what they thought about the immediate impact of the halving on bitcoin wasn't the way they expected. I know many of them might be tempted to sell back because what they are seeing now is not what they thought would happen. But they have to keep holding and rely on bitcoin past history. But anyone who is tempted to sell off because he/she was thinking that immediately after the halving they will see immediate impact will definitely regret doing that 6 months to 1year from now. Many newbies even thought that it's a deflationary currency, not a fixed-supply and currently still an inflationary currency that halves the emmission every four years. The newbies who "got disappointed" because nothing happened immediately after the halving, should learn the hard way. - That by selling at the current price "in disappointment", they will FOMO again during a surge to $100,000 giving them less units in Bitcoin. |
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What's that casinos actual monthly revenue? If you could answer that, you could answer how much is being bought and being burned.
A big casino with big business and good profit will be able to assign part of their profit for buy back and burn program. They need to have good profit, then make decision to assign some percent of profit for this program. Big or small fund for buy back and burn program mainly depends on their business income and profit. If Shuffle can provide their users information, like you are discussing, on their user dashboard, it will be very helpful. I don't know Shuffle team have this information for users to access publicly with their accounts and dashboards or only release this information in regular report like weekly, monthly or quarterly. The best is allow user to have it anytime, permissionless through a dash board. If they don't have it at the moment, they can consider to build it. I was merely asking avp2306 a rhetorical question to make him understand that Shuffle and the casino he mentioned, BetFury, are different. There might be a situation when one casino token's market conditions may not be as good as another casino's token because of their financial performance. Shuffle and BeFury may be the same, but the are definitely NOT the same company. |
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👀 There was a user in the forum who joked that if you buy an Apple smart phone, you'll be spied on by the CIA and if you buy a Huwawei smart phone, you'll be spied on by China. But with all those discoveries of Zero Day exploits in Apple products, there's probably some truth that these companies are infiltrated and that their products are bugged, no? Tin-foil hats on. |
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Can you explain how do you see that potentially killing the market. Shuffle is literally buying and burning them from the market, so lower the price is, more they are going to burn, and no matter how the big the wall in the bottom would be, eventually there's just nothing left to sell with those prices.
Although that's true, I believe how much tokens are actually burned also depends on the casino's net gaming revenue. Plus you also have to account for market speculation. No one would care about the mechanism behind any token or buy the token if the DIP keeps on DIPPing. That will not be good for SHFL. I am assuming there's gaming revenue of course. Without it burnings aren't going to be effective. But if there is enough revenue, then market speculation can only be unhealthy, if it's artificially inflating the price, market speculation as sellers dumping will just be very healthy in the long run. But without bullish market speculation, or increase in current revenue, i have to admit that price could drop from here. As currently more tokens are being issued then burned. But i would totally welcome that as i will be grabbing this token as much as i can if this ever goes to $0.1. I believe sellers won't be dumping if casino gaming revenues are high because, - Higher burn rate. More tokens burned means more scarcity. More scarcity + Higher burn rate mean you should HODL. - The cryptocurrency market is full of traders/speculators. More "traders/speculators" because casino gaming revenues are high = You should HODL. I believe the only condition that will make SHFL's market valuation absolutely bearish is, low revenue + bear market. But that's probably a golden opportunity to buy. ¯\_(ツ)_/¯ Depends on the volume since for example https://coinmarketcap.com/currencies/betfury/ if they have 3.5 billions plus circulating and they burn few millions of token on some time then it will take a long time for people to feel that scarcity and even if there's burning of tokens happening many people didn't feel any effect of this actions done. That's why this actions is not appealing to investors anymore and they should find another solution to increase the interest of investor to accumulate their token. People want nowadays change and mostly people always seek for utility and better exchange where it listed that's why BFG and other casino coin didn't get much attention from a lot of investors. Hopefully SHFL will be still in good situation. But also I think devs know how to make a move to catch the interest of people since for sure they already scout the other casino tokens and provably perform more better than those which came first. What's that casinos actual monthly revenue? If you could answer that, you could answer how much is being bought and being burned. Because if the token has low market volume, then there's low demand, OK. BUT it's absolutely also undervalued if the token burn is concurrently high because casino's revenue is high. THAT'S a Golden Opportunity to buy at very discounted prices while the market hasn't made the adjustment ser. |
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Thoughts in general?
"My thought". The NBA definitely chose the right player to make an example of in this matter. It brought the message/warning across, and it didn't give them a hard decision because he isn't a player whose name is spelled L-E-B-R-O-N. Because if it was actually a player such as Lebron or one of those "highly-endorsed" players, then we could truly expect the NBA to hide this matter from the public, OR have the player make a "public apology" + a suspension, but not a life-time ban. Maybe yes or no on this matter. It’s subjective because there’s rules about this specific matter which even popular names are not exempted to the punishment especially if there’s a player already received punishment on same violation. I doubt popular player will do idiotic move like this because they already have enough salary and good career. Only minor role player can be tempted to this since they feel that their salary is not worthy while they don’t enjoy the game that much because they have few ball time. But if Lebron caught doing this. The public will surely enraged if the punishment is not the same to Porter. Please get the context. I didn't say Lebron would do something like that. I'm merely saying that, in general, if someone becomes popular enough I believe that it would be very hard for the NBA to make the unpopular decision even if the person deserves it. Jontay Porter is the best situation for the NBA because they can make an example of him, and it would absolutely be NOT a loss to ban him from playing in the NBA for life. |
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You're right, with an amount of his capital at $1,000,000, he should either be starting to diversify, OR if he wants to invest in just one asset - make that investment HODLing Bitcoin. And he didn't merely buy and held a shitcoin, he took a long position in a shitcoin perpetual contract WITH LEVERAGE. He may not be a newbie, but the mental insanity with what he did is real. He's a gambler, not a trader nor an investor.
If he puts his hopes on shitcoin then he is gambling for years, he is not making a healthy investment in a safe asset, say bitcoin, but he believes more inecoin in the hope that it can go up by using high leverage, this is the mistake they have been doing all year. I can't understand how not a beginner does this ridiculous action, logically if I have that much, I might play in shitcoin 10% of total assets or below, I don't want to go crazy because of his own actions, ahhh but he will regret his mentality. In my opinion, and although we should encourage people to buy the DIP and HODL Bitcoin, it's actually understandable if plebs with a very small amount of capital decide to gamble in a shitcoin + leverage. But for an investor who has $1,000,000 and insists on trading shitcoins, which are already volatile, and doing that with leverage then he is gambling with his mental insanity. Let's pretend he bought Bitcoin with an average price of $65,000 TODAY. Come back to this topic during 2025. I believe the investment would grow, and be worth at least $5,000,000 in fiat value. |
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Although illegal, the Dark Markets that were built and that are currently being built, with Bitcoin as the currency to make that economy work is a very important Bitcoin use case in my opinion.
I thought they switched to actual-anonymous coins such as Monero a long time ago in the Dark Markets. You know with all the transparency Bitcoin has and with what happened to that Silkroad crap back in the days... They probably should, but because Bitcoin is a more liquid currency that's easier to obtain because it's more available and it's listed in ALL crypto exchanges, Dark Markets have no choice. If they don't accept Bitcoin, they will fall behind to those services that accept Bitcoin. Ransomware hackers use Bitcoin especially because of that fact. |
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Thoughts in general?
"My thought". The NBA definitely chose the right player to make an example of in this matter. It brought the message/warning across, and it didn't give them a hard decision because he isn't a player whose name is spelled L-E-B-R-O-N. Because if it was actually a player such as Lebron or one of those "highly-endorsed" players, then we could truly expect the NBA to hide this matter from the public, OR have the player make a "public apology" + a suspension, but not a life-time ban. |
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I agree with you a lot Princess but I don’t agree with you about shitcoins not having a future, the way you sound right now makes me believe you think all other coins aside Bitcoin are shitcoins.
Actually, aren't they? Shitcoins are shit. Whether they have been shit for a while, or new . Why is Bitcoin so different from shitcoin? Here's why. Bitcoin has value because it can be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is in demand by investors interested in the possibility of returns. . Emphasis on the last part. Bitcoin can easily be traded for cash or assets like gold - instantly and with incredibly low fees. This makes Bitcoin a great investment for people looking for short-term profit, as well as those considering long-term investment due to its high market demand. The total number of BTC ever to be in existence is capped at 21 million. This scarcity creates a sense of value and exclusivity, similar to precious metals like gold. Insofar as the demand for Bitcoin increases over time, the limited supply acts as a catalyst, driving its price higher and higher, do you get that? Bitcoin (BTC) Market cap $1.30 Trillion Current price $66.221 . Shitcoin 1(ETH) Market cap $390 Billion Current price $3,254 . ShitCoin2 (BNB) Market cap $86.3 Billion Current price $577 . Shitcoin 3(SOL) Market cap $69 Billion Current price $154.53 Investing in shitcoins is simply gambling. Shouldn't be referred to as investment. If you didn't get it, read it again. Any and every coin that isn't Bitcoin is shitty. Bitcoin has proven to be the one and only time and time again. That's actually not the right explanation on what makes a shitcoin a shitcoin. Or it's probably just people having different definitions on what shitcoins actually are. BUT if you ask me, shitcoins are those networks that have incentive structures that don't make sense. They may be sort of working today, but that doesn't mean there isn't an attack vector that could be exploited tomorrow. Those coins that you have in your list all use Proof of Stake. That itself makes POS networks open to attack vectors that could originate from flaws in its incentive-structure. |
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Going back to the topic, what can Jerome Powell do to truly curb inflation and put it under control? It might be higher for longer for the rest of the year/cancel the three rate cuts in their schedule. They perhaps should also tighten more. There's a risk that a recession might happen, but if Powell doesn't do it, inflation itself might cause the recession. How many "soft landings" have there been in U.S. history?
If we remove the "normalizing the US regime" option, there isn't much left other than increasing the interest rates instead to try and battle inflation. In any case, things in the world are getting too unstable to predict anything anymore. On top of all that, China is acting like more of a weasel these days which makes things even more complicated and less predictable. Keep in mind that US regime sees China as its biggest threat and has majority of its resources focused on "battling" China. Ser, you are talking entirely about something else. I'm merely talking about Jerome Powell, CPI, and interest rates. The strategy of increasing interest rates to lower the inflation has a lot of prerequirements.
<snip>
The problem is, they have no idea what else to do! Playing with interest rates is the only thing they can come up with LOL but it has an ugly consequence called recession.
Assuming those prerequisites you ticked off are in fact necessary (and I'm not really doubting you), then yeah....the US has painted itself into an economic corner and may use the only tool it thinks it has at its disposal, interest rate adjustments. But while the latest number was higher than it has been for months, it still isn't anywhere near as high as it was from May 2021 until the end of 2022. Bleak as things may appear, I take some solace in that fact (even though I still think we're all fucked in the long term because of the constant money printing). It's no wonder precious metal prices have been skyrocketing as of late, and I'm surprised that hasn't been discussed more on bitcointalk. Gold has soared past its ATH if I'm not mistaken, but I would have expected a ton of " BTC vs. gold" or other related threads dealing with gold. Ah well. Stock up on seeds, water, and build that bunker if you haven't already. If not for yourself, then for your kids. But how high inflation currently is today isn't the point. The point is it's sticky, and because of that, the Federal Reserve can't cut the rates and pivot to QE if they actually need to. Jerome Powell's choices are, - Hike more, risk a recession and kill inflation. - Do nothing, and wait for inflation to cause the recession for him. Sooner or later something will break. |
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