Banks have died numerous times before and are still here.
Sometimes is really ironic that people who laugh at the bitcoin obituary say the same thing over and over again for banks and the USD.

The first thing you have to realize is that your perspective might be biased, that's the first hard step, then you have to look in history and see that way worse happened before this bank crash! Common, there was 2008 just a while ago! The dot com bubble, the Asian crisis, the great depression? War? Common ww1/ww2 Vietnam and Korea are on a different scale than Ukraine and we're still here. Always people like to over exaggerate their own situation and think what they experience is unique and a turning point in history, when, it's really not!


As I was saying, capitalism and the $ are probably the only things that have "died" more times than BTC, and that by an order of magnitude.

What I find really amusing in this scenario is the fact that everything will crash, and everyone will be poor but miraculously they will have a few tens of trillions at hand to prop bitcoin and the other shitcoins to a 50 trillion economy. Yeha, 1 million dolalr is possible rin this bull run but ony if it will buy you about the same as 100k right now!


Limited supply franky, 900 coins a day, that will lead to more trying to mine, an s19 will go again at 10k or 20k per piece, s9 will be profitable again, there are at least 150-200 exahas of extra old gear and currently not profitable that will be turned on, at those revenues per miners every fab will pump out chips as they did before, it's not as easy as you want to make it evey single time like there is a clear price floor and that's it.

But this way they actually encourage ordinals, by displaying the image in the first place when other blockchain explorers don't.
If the trend continues and others do the same it will just fuel the rush more and more, we saw previously spam from addresses when blockchain.info (at that time) allowed labeling, sending hundreds of transactions worth a few satoshis to most known addresses, to the biggest holders just to advertise their name.

Anyhow, money keeps flowing, they kept getting minted and services like the blockchain above keep encouraging it.


Not really the votes you imagined, isn't it? 6/6 and 2? Seems like the "we" is on its way to a minority.
Btw, I didn't vote in that poll since you simply asked the wrong questions!
I'm against banning ordinals, but this doesn't change the fact that I do believe they are some stupid monkey jpeg farts.

Guys, do you actually check those names before recommending them?
It has already been stated in this topic, open bazaar has closed down for a long time (in crypto time), almost two years ago
https://twitter.com/openbazaar/status/1346104369566121986


Just checking it since I saw OB mentioned in another topic, and I remembered this one, I do hope the marketplace works better than their price ticker, when I saw that 23k I was like WTF? Plus LTC price, again, weird thing.


Anyhow it's clear that in terms of e-commerce it will be the usual way, you won't have a marketplace that starts with bitcoin only and grows and far more probable one that is already up and going accepting crypto on top of fiat. You simply can't gain enough traction just with crypto, merchants might be happy but customers not so much.

Avatar and signature updated, Thank you!

While that one was obvious for everyone since it's just logical when you spend just a few seconds on it, at the same time DeFi is often misleading, both in terms of decentralization which is not always there and when it comes to security:
https://www.coindesk.com/business/2023/03/13/euler-defi-protocol-exploited-for-nearly-185m/

Not a bank run, not a fractional reserve but a simple exploit, and here you go, $200 million worth of coins evaporating.
Best to keep things simple, don't rely on anything that might prove to be something else than what it advertises itself for.

Not going to dig deeper in the GPU mining stuff but a lot of those miners were indeed a hobby home-based operation, doing it with a few cards, a lot of them spread all over the world, yeah some would be burning more than 10KW needed for 3 Asics, some were piling tens of 8 racks GPUs, but smaller settings were easier to cool not so noisy, they will not go for ASICs on the same level. And there are many other things, like the ability to sell that video card at any time, and many more, a lot of them were mining and still making profits at electricity prices that would not be viable for BTC, in GPU it was the initial investment that was a killer, not the operating costs.

That aside, an eventful week, Bitcoin breaking 25k but settling below right now, Chipmxier seized, banks bailed, oil crashed below $68, the euro is sliding against the USD, just lol on this one, and back ti mining the pace is slowing down, like really slowing down.


So now on the 16th:


lost 4 blocks. We might not have a record difficulty adjustment at all.

I would be more surprised if that wouldn't be the case, not as in an actual person browsing through the latest posts and searching for what this and that individual says about something but more likely bots that scan for keywords and trigger further analysis. I'm pretty sure they do so over other platforms too, but again all automatic and on bigger platforms they probably have it already built in.

Just as an example, Facebook has been doing surveillance on its chat since at least 2012, god knows how much earlier before they acknowledge.
https://www.cnet.com/tech/services-and-software/facebook-scans-chats-and-posts-for-criminal-activity/

That aside, I would love to see how much a government agent would last while reading the P&S board, the rate at which they would succumb to brain tumors would make them cancel human surveillance.

Current number of post (Including this one): 12767
Rank: Legendary
bech32 address: bc1q5wlj8t8pjp6qsmdphstfee5d3lvg9f25yw7mmj
Merit earned in the last 120 days: 341

Why would the police search for him?
And even if he would have a reason, they were easy to find since they stayed all the time there, not just dumped the truck and run.
https://www.reddit.com/r/Bitcoin/comments/11rkh9b/orange_pilling_silicon_valley_bank_today/
That parking lot is indeed the private property of SVB so indeed they could lawfully have asked them to live but that's it.

Mixer avatar? Checked!
Mixer signature? Checked!
Doesn't that make sense? Checked!


Speaking of, has anyone come up with some smart quote to replace the now not working links?
I tried to play with it to add a in memoriam or #privacy forever but it went so bad I just kept the old one.

My bad, I saw it online and did the newbie mistake of mixing the chipmixerS domain with chipmixer on that list, since I thought it was online I was already sure it wasn't part of the original.
Makes me curious to see how many of them are still online now, but I'm not at my computer to check all those damn clones.

The 2% was not used as a comparison between two subjects at the same rate, it was a comparison of what 2% would mean now versus what 86% meant then, the income of a successful restaurant versus half of the GDP of a country. It's not 2% vs 2% .


Not a bad deal, I've been in way too many discussions in which I couldn't even reach this point, the other poster not allowing me even to have a different opinion.


Or it's not a coincidence and it's triggered by the belief that the BTC will go up, with users buying in and thus themselves self-fulfilling their prophecies. If you have a ton user and hey all claim that when the halving will happen the price will go up and everybody expects that and is not selling then you have the perfect market conditions for a bull-run, but it's again created by beliefs nothing else.


Well, this one we will see it now since I'm looking at WTI hitting $67, so let's see where it goes. Banks being bailed out was really a bumper here, a failure in doing so would have propelled BTC even with a recession incoming, so, uncharted territory here, I wouldn't be surprised to wake up at 20k or 40k and just raise an eyebrow with 10k more in each direction.

I'm still going through it, and saw this


The second domain is still up and doing a redirect, not seized at all, they were known scams, how did they reach the conclusion they were the same?


Damn, just makes you wodner how much data they collect!

Exactly, they don't need a reason and furthermore, they are able to invent a myriad of them on the spot.

But it makes no sense, the backslash would be too enormous for this and would yield basically nothing, let's not forget the forum is not even close to being completely anonymous, it's behind Cloudflare just to give an example, plus a few of the participants here leave so many traces that probably the most incompetent agency in the world would be able to track them, just grab addresses and force exchanges to disclose who has used it if they are theirs.

I have encountered tons even here, it's something normal, and people try to perceive things as a whole.
They think of buying one share of something or buying one whole house, it goes a bit outside the normal daily life of most to buy fractions of something. Of course, the whole thing is a bit ridiculous, especially if we look at gold since some buy x grams of gold and others buy x ounces, so some might not buy a full unit of what others consider a default unit to be.

But there is another thing that goes along this perception, they look at BTC and see 20k and it sounds nearly impossible for them to picture it going to 10x or 50x the price as then we talk about millions. But if you look for example at that meme coin which is $0.00001047 of a dollar, then it's easy to dream of it worth $0.1 or 100x, it's this perspective that helps shitcoins grow and find investors.

Let's pause a moment and think of the irony that crypto start-ups are holding their funds in a bank in $.
Unfortunately, it shows the not so good side of things, that we're still deeply anchored in the system, no matter what "revolutionizing" projects claim, it's still a fiat deal behind all of them.

Well, at least they acknowledge something:

And I love the use of "suggest, may, possibility" when mentioning every single thing.


I was about to say the same, but there are 4 servers mentioned, I imagine 2 TB of those would be nodes?

"account"?

So that means you're selling the same account you're trying to get a loan on for, or basically a few worthless numbers in an account over at a scammy exchange.


30 days old domain, the about us page is telling:
https://dex-coinby.com/about

Do we have any members from Salvador?
I've never seen at least one post about a guy that was living there and telling his experience, all we got to date, or at least those I stumbled upon are stories from people who traveled there, which is not really giving the right perception.


Because they don't have a president that is active on Twitter with laser eyes posting BTC memes.
If you take that away from Salvador and start discussing numbers only it becomes just as boring as CAR or Guatemala or any other country.


 

So finally backtracking a bit and as the math of probabilities starts tempering it down, I don't think any miner could be shutting down now that he has 20% more revenue. Still going up compared to the previous diff, 46,58, 63 blocks ahead but the rhythm of the growth might finally take a break.

Now, the funny question is, how much gear was offline at 6 cents/th, it's still sitting in the same warehouse ready to be deployed, and is profitable at ~9 cents/th? The s17 only needs 9 cents per kWh to start being profitable again at those levels, if the price keeps going up, are we going to see the biggest bump in terms of exahash (not %) ever?


And turning NYC into Pyongyang at night