yea but there is no trustworthy stablecoin build on NANO, so to transfer value without fee I have to be exposed to currency risk on super volatile asset. So its not worth it.

As for Tron, the transfer on it is free only if you keep a large amount of money blocked in your stake for a week, which exposes it to currency risk, which is, in my opinion, not worth several free transactions a day. Especially since bitcoin transfers currently cost less than $1. But despite this, I believe that TRX is one of maybe 10-20 projects worth spending some time to do detailed research. The remaining 19,980 projects listed on CMC are poor copies or attempts to extort money through hidden pyramid schemes

are the first 2 charts (rate of adoption and trust/time) based on any data or are they just wishful drawings by the author?

Overall, an interesting thread and thanks for sharing the data. As an element for discussion, I would like to ask the question whether the Internet is appropriate to compare to Bitcoin, because it must be remembered that the Internet needed infrastructure to develop (cables, modems, network cards). Bitcoin only needs an app on your phone to start using it. So it should come as no surprise that what took the internet 7.5 years took Bitcoin only 4

I think we already have "a single company worth over a billion dollars that does this"

"Largest Bitcoin miners by market capitalization
1   Riot Blockchain 1RIOT   $1.74 B
2   Marathon Digital Holdings 2MARA   $1.49 B
3   Bitdeer Technologies Group 3BTDR   $1.04 B"
https://companiesmarketcap.com/bitcoin-mining/largest-bitcoin-mining-companies-by-marketcap/

WHAT?! I'm talking about arbitrage strategy for professional arbitrage traders that wants to avoid currency risk (risk of holding a volatile asset). I'm not talking about retail investors gambling their savings on 100x leverage. Explain to me where is your risk when an arbitrage trader go with 100k spot buy on exchange X and 100k futures short on exchange Y to earn on spread, having 1 mln $ as collateral?

its not how it works. none of these big companies will own bitcoin or care about its price. They will only be the intermediary for the small players. You will buy 1 BITCOIN ETF UNIT and they will buy 1 bitcoin on your behalf on the spot market. They don't need to have mining farms. Besides, the whole ETF news is overhyped for me.

that's a lot of BTC for one little-known company. This is an average of a lot of BTC for the BTC network (1% is not much), and negligible compared to the capital flowing through China. Therefore, in my opinion, they will not change the law that affects 1.3 billion people just for pennies.


You can arbitrage BTC without BTC via margin trading or futures trading. And the arbitrage trading itself is usually decentralized to many smaller entities - the Chinese government does not have to have anything to do with providing liquidity. All it takes is for the price of BTC to drop by 1% compared to other exchanges and people will start making money, earning $10,000 for every $1 million they arbitrage.

isn't it that there is no point in creating POW altcoins because they are very easy to attack? Such BSV, for example, uses the same mining equipment as BTC, but has only 0.1% of BTC hashrate. So it is enough for 1 large BTC miner, who has 1 per mille of BTC computing power, to switch to BSV for a moment and can do whatever he wants there, and then return to BTC mining? Therefore, POW works great only for the leader on a given hardware (ASIC or GPU)?


$50B seams to be way to much in just 5 years. during this time we will only have 1 bull run or none at all. With ath probably around $150k (in 2025) and the next low around $50k (in 2027). This is not enough fuel for the almost 10x increase in miners market value.

Nah. Its dead flat for the last 4 months:



And even if, there is nothing to share. Gas is constantly changing and we can observe it here -https://etherscan.io/gastracker. There is no need to write "news" about it or passing it here.


I think thats the real rison for this thread. Promoting NFT scams.

Zacieśnia się pętla konwersji fiat na krypto. Binance dostaje kolejny strzał w kolano. Od 31 października euro dostępne na binance będzie możliwe tylko do wypłaty na konto bankowe.



Wiecie może, czy euro będzie można wykorzystać w biannce card?

This is one of those pieces of news that usually appears at the bottom of the bear market to scare away the remaining investors who are still on the market. If they cared about customer safety, they would have introduced such a block when bitcoin was at $60k and most altcoins were at 10x the current price.

Microstrategy is a company that employs 2,000 people and built its recognition on investing in bitcoin, but before that it generated practically no profits. China is a country with 1.4 billion citizens and a GDP of $17T


All they need is a good arbitrage trader.

Thats 1% of supply. Its nowhere close to be a "crypto whale". MicroStrategy - a single company with average recognition (before investing in BTC) and average financial situation - owns 150k.
The US has more bitcoins - "As of August 25, 2023, the US government owns 205,515 bitcoins".

definitely the amount of bitcoins they officially have is not a justification for why they started supporting crypto.

WHAT?!

Bankruptcies peaks are at market bottom. The market is always pricing in the future. When things get bad in a company, insiders are the first to sell, dragging prices down. A company's bankruptcy usually occurs at the bottom, when you can't finance yourself by issuing new shares and only retail people are left with the shares, without any knowledge of what's going on. Look at your chart. "2008 great recession" spike is located in 2009 while market dump started in 2007. In 2009 we hit the bottom and started to recover. Same in "2020 covid pandemic crisis". Your chart shows the end of 2020 and the market bottomed in March 2020, i.e. half a year earlier. This chart is an indicator of the bottom and not something that should cause concern.

Why higher commision? You certainly won't charge more commission on $5 work if the ETH network transfer costs from $2 to $100.


It's nice to get funding for the idea itself, but it's not 2017 anymore. Dozens, if not hundreds, of projects promising miracles are created every day. Investors are already discouraged by this because they know that financing before the product is delivered is demoralizing (as developer, why provide the product for free - it was financed earlier - when you can promise another product and obtain further financing)

I believe that building utility on a new token by force increases the entry threshold for real users. You know, you want a job and you want to pay for it quickly, and not wonder where to get some low-liquidity shitcoin, pay for bridges and swaps. The same with platform workers.

By the way - you already have competitors:
https://www.microworkers.com/
https://rapidworkers.com/

not everything is worth decentralizing. It's worth to use decentralized solution for life savings (that's what bitcoin is for) but if your website is based on earning micro rates for short tasks, why not do it the old way and when the "employee" collects the appropriate amount in his account (for example after finishing 10 tasks), he will be able to withdraw in the crypto of his choice, incurring transfer cost yourself?

I think there were many forces working against each other and their result was an increase in prices.

among those that could influence the price to the upside:

1- difficulties related to quarantines. Absence of key employees at work and, as a result - ports not working optimally, ships not full, containers lying around
2- containers lying around in one port could result in their shortage in another port in due time
3- the dynamically changing situation resulted in a lack of predictability
4- additional procedures/regulations related to sanitary safety increasing transport time and costs
5- increased demand for certain products (masks, gloves, medical products). Of course, the demand for some other products has decreased, but from a logistical point of view, 1,000 containers are not equally 1,000 containers when suppliers and quantities change and everything has to be processed individually.

Pandemic is over so prices returned to pre-pandemic levels. Whats wrong with that? it would be weird if it didn't happen.



We are inside the most popular range of the last 50 years. Nothing to see here

all shiba did was ridicule the profile of a typical crypto investor. Before the meme coin bubble we were considered investors in modern, innovative technology, after the meme coin bubble we are considered gamblers with a kindergarten mentality. The meme coin bubble ridiculed the entire industry and probably scared away serious investors and technology creators.

shame shame shame

Go and create next bitcoin. A network that is secured by computing power, the maintenance of which consumes more electricity than many countries.

And don't talk to me about crypto inflation by creation of many shitcoins. You might as well say that you won't invest in Apple because there is huge stock shares inflation, because anyone can start a company and enter the stock exchange and there is no difference between apple stock share and new small startup company shares. Bitcoin is bitcoin and shitcoins are shitcoins. They do... I agree, 99.9% of the time they have no justification for their high valuations and will probably go to zero sooner or later.

However, there is a difference between an industry leader and a junk exchange. Read my thread. It wasn't a pure luck like Pepe, which has nothing but a name. For example, binance had such a strong position that crypto projects paid millions for listings in the form of launchpads. Binance shared these tokens with bnb hodlers, which, when dumped on the day of listing, managed to bring 20% APY (in 2019 I overestimated it)


And all this on a token that is deflationary (around 7% annally) because Binance burns tokens for part of the profits. In 2019, bnb was fundamentally undervalued and I proved this in my thread. The same cannot be said about PEPE, because just making a token and coming up with a name takes 15 minutes of work and a maximum value of $50.