You have plenty of reason, but...... if they dont make that move the expading collapse its or can be far worse for the whole society, its sad? yes, but it works that way, all the system is based on this pillars.
The government is always the last insurance in this kind of case.
No. It's always the easy option but it's never the best. When you set the expectation that risks will be socialized, you encourage risky behavior. This shit is the direct fall-out of the bail-outs of the late 2000s. Don't fall for the narrative. Theft is theft. |
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They're going to take your wealth and give it to a bunch of rich guys in California. |
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 USDC = RIP (rekt in peace)This is not a good talking point. |
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USDC was prone to problems from the start I do not know why people thought it was stable and would be around forever. Bitcoin is the only cryptocurrency worth investing in and stable coins are not stable they remain stable until people get bored and stop buying and then they collapse. I do not think USDC will collapse this time but in the next 5 years it will not exist. Bitcoin will exist and will be more stable because it is still around when USDC will not.
Yeah, imagine if someone came out with something like beanie babies and said "I'll sell you this for four dollars and it will always be worth four dollars". You'd look at them like they were crazy. |
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unless they manage to sell SVB to someone this weekend.
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No. All mining just moves outside of the US. More money goes to the Chinese.
The current administration appears to be financially incompetent (or actually malicious) so it's hard to discount this could happen.
Not many people can afford to move their mining operations out side to another country and I think this only applies to companies and not people like you and me who mine. Moving it to another country means you have to trust someone to run it for you or you have to put it in a house or location you own which is a security or cost problem that most people can not over come. Moves not to be taken as literal movement of miners and companies but rather changes in proportions by locale. Some companies could actually move, of course but a large proportion would more likely close and auction off equipment. Competition with countries like China is already stiff. |
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suppose that 30% on electricity on btc miners will take place ... wouldn't it contribute to bitcoin scarcity due to some miners stop mining...
No. All mining just moves outside of the US. More money goes to the Chinese. The current administration appears to be financially incompetent (or actually malicious) so it's hard to discount this could happen. |
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At least we can party like it's 19.99
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When the whales mega short, they just love to follow up the FUD with a big dip below what they think are major psychological numbers.
Yep. Wait for some bad news, knock it down then squash any recoveries. Finish up with buying cheap coins. I don't know about glass hands, it seems like people have banana pudding hands. How long until 2024? |
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There is only one place a government that wants to tax people's gains at 40% belongs and that is in a locked up dungeon.
Those who scoffed at those who said "taxation is theft" are about to find out what that means in practice. |
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What are you running it off? Solar power going into a battery bank and then running it directly off the battery pack into the satellite? Does it move or is it stationary? I cannot think why it would use as much energy as you say because if it does not have a motor it should just be pointing at the satellite and if that does not move it just sends the connection back. If it has a motor and follows the satellite I can see why it would use a lot of energy.
I believe it does a fair chunk of processing to derive the signal, it's not like an old-style satellite dish, In addition, TCP is a chatty protocol. I'm not sure if Starlink does tricks with that (my old Starband system did but that was for geostationary orbit where latency was to be avoided). |
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where did a thou suddenly go?
news?
EDIT: I see...some FUD about Binance.
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Just beware. I have an APC of a similar size. Probably not quite as nice but last time I replaced the batteries, it still said it had plenty left but couldn't sustain my server when I pulled the plug. |
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I don't know what the fuck is coming up, but it doesn't seem good.
Whatever it is, you know their response will be to run the presses even faster. |
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I hope there won't be the same 2017 discussion about spam transactions and blocksize again but then... maybe we also get another big fork aka free money again .... I'd say bring it on  Yeah, that bullshit data cost 1/4 as much per byte as the actual useful part of the transaction. Well done, I guess.
A costly move it won't be affordable to do this a lot.
Don't worry, Core got em covered. |
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Positions being taken for the 2024 halvening? Could be a humdinger.
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Government passes a hugely inflationary spending bill and we're heading down? Logic.
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Just got the Plaid email from coinbase. Not acceptable. Who else are we liking to be able to sell BTC through?
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