Ukraine’s President Signs Law Allowing Central Bank to Issue a CBDC

It makes sense for Ukraine to work on CBDC, because Ukraine has quite good developers and they already have a lot of expience in developing government-owned apps, so if this CBDC will be a success, they could even sell the software to other countries. But Ukraine also has very convenient online banking, so this new CBDC would have to face some serious competition.

Bitcoin @ 4.4 million would have a marketcap around ~77 trillion. The global GDP estimated today is 93.8 trillion US dollars. Do you seriously believe that a currency barely used for any consumer transactions and being used as an asset by a small number of tech companies has a chance to absorb most of world's GDP in 8 years?

IMO it's time to say goodbye to expected 180% returns and settle for more realistic 50% returns or 25% returns, which is still very good.

I'm firstly biased about nicknames. If it's a user that I know for writing good posts, I would be much more likely to read their reply compared to a completely unknown person or a user that writes posts that might be boring/too long/or just not agreeable to me. There are Legendaries with lots of earned merit whose posts I often skip because of the mentioned factors. And on the other hand, I very quickly notice newbies with good posts, even if they have very little earned merit, and would always read their posts when I encounter them.

It may seem that this forum is very active, but actually I feel like at least 50% posts in sections that I read are made by the same 30-50 users, so by just spending a little time on this forum you will start recognizing people rather quickly.

And Tesla immediately stopped accepting Bitcoin. And there hasn't actually been much companies adopting it as a payment method. And people absolutely don't "flock from current monetary system". Even almost all Bitcoin holders are still using fiat much more than they use Bitcoin for their payments.


You probably didn't hear the latest news, but Amazon actually debunked that they plan to accept Bitcoin. This whole thing seemed like a market manipulation.

It's a typical "ban something that criminals use, that will surely stop crime" thinking. They don't realize that if you ban Bitcoin and crypto, it would only benefit criminals, because now they will be more careful and there will be no compliant exchanges to snitch on them and freeze their funds. It's a mindset of totalitarians to view banning as a solution to every problem.

#BlockstreamDidNothingWrong

I don't like Ethereum, but I wouldn't go as far as to attack people for supporting it, there are tons of way scammier projects than it. But I don't like the hyping of "blockchain technology", there's very little examples of succesful blockchain applications, and Bitcoin shouldn't be viewed as an application of blockchain, because blockchain is just one part of Bitcoin protocol. Hyping blockchain for no reason is exactly why we have tons of scams and defrauded investors and countless useless altcoins to this day.

But what it would mean in reality? That developers must comply with regulations before releasing open-source software? I don't see how this can be enforced, especially since crypto is a global phenomenon that ignores borders. Best they can do is to tell exchanges which coins to list, but we're already in era of decentralized exchanges, so even that won't prevent people from investng in scamcoins.

What's so good about Bitcoin having 0.1% of Visa's transaction capacity and not even fulling it? Bitcoiners tell every day that Bitcoin is getting more and more adopted as a currency, but on-chain data doesn't seem to support it, as all the major on-chain activity coincides with large trading activity.

But if Bitcoin will be seeing at least some adoption over time, the fees are bound to grow, because of hos limited the block space is. In 10 years people will forget about <$1 fee, if not, it would actually be a worrying sign.

It wasn't dump if it was a deliberate market manipulation to pump Bitcoin, which would mean that all the news sites that posted it are complicit. This is an example that shows why governments and regulators are cautious about crypto - some anonymous person in any country in the world could orchestrate a market manipulation and lots of clueless retail investors will pay the price. So maybe this market has to mature and become more resistant to obvious manipulations before crypto investments should be recommended to everyone and their grandma.

As expected, that rumor proved to be fake.

But as a thought experiment, I think almost all large company will use some proxy service to handle crypto transactions for them and instantly convert bitcoins to fiat, because they have zero reasons to be exposed to Bitcoin's volatility. This has been a deal in the past when Steam accepted Bitcoin via Bitpay.

I was chucking yesterday at people calling this unverified rumor "great news that will bring Bitcoin to new heights". It's very sad to see so many people in Bitcoin community being blindly led by their emotions. "Don't trust, verify" is one of the principles of Bitcoin, but people always trust and believe in anything that could mean that their coins will go up, ignoring all critical thinking.

Even if mempool is empty most of the time, which is by the way not a great sign, those rare times when fees get high ruin user experience for many people, and those people will tend to think that fees are always that high, because they don't monitor the mempool. And eventually on-chain fees will be permanently high, because of how limited the blockspace is.

Just like there's a potential for upside, there's also a potential for downside. There's no rule that says that Bitcoin can't return to previous levels, especially not after having a bull run. And it can be very profitable to sell while the price is high and buy back deep in the bear market.

A lot of people in Bitcoin community have this perception of selling as something you can only do once, but you can always buy again, hopefully at lower price.

If this is a restart of a bull run, then hondling is indeed the winning strategy, but if this is a bull trap, then selling now is the last chance to take profits.

The model was likely created to fit the lower ranges to create a feeling that it's very accurate, and if the price goes even higher than it predicts, that's even better. So, if Bitcoin won't reach and stay at $100k soon, the model would start looking bad and its author will probably release an adjusted one which will have lower range.

People are not saying "buy the dip" because it's an awesome trading strategy, they are merely saying this to calm themselves during downtrends, as they can't ever admit that Bitcoin can be in a bear market, until it has fully crashed.

Shoter-term trading is not only about buying the dip, it's also about selling the tip. To do both you need to learn some technical analysis (which is never 100% reliable) and sentiment analysis, but be prepared to lose a lot of money if you're a beginner. Short-term trading is more close to gambling than to investing.

This isn't news, it's an unverified and unreliable rumor.


Taproot is not a scaling solution, the scaling solution is Lightning Network. Until it's considered officially released and ready to be used in production, adopting Bitcoin for small payments will fail, just like when Steam dropped Bitcoin support over problems with fees and transaction times, that caused inconvenience to their customers.

"Anonymous insider" without any verifications by the journalists, the site itself is very obscure, it's obvious that this is a very untrustworthy rumor. It could be true, but I wouldn't get your hopes high. And the timing could be suggesting that it's just an attempt to pump Bitcoin while it has some momentum.

I think it's unlikely for Amazon to accept Bitcoin until the problem with fees is fully solved, it one thing to pay $10-40 fee for buying a Tesla, and completely other thing to deal with fees and delays for small consumer payments.

The current pump started during conference with Elon, and Elon was saying positive things about Bitcoin back then. But I wouldn't say that he is responsible for the entirety of the price gain, the market was looking for opportunities to rebound, I'm sure some other bullish event could have caused a similar reaction. But this 10% growth is really not big in the grand scheme of things, so I wouldn't think about it too much, because I'm not a short-term speculator.

The first big assumption is that CBDCs will succeed and become competitive with banks. I wouldn't be so sure about that. You are also assuming that people will be unhappy with privacy invasion and giving more power to government, but recent history shows that people generally don't care about it. When Bitcoin was released, a lot of people expected that people quickly flock to it, now that they have an option to use money without government control, but now 12 years after, the adoption is still very low.

You can't teach a person to be a quality poster, because quality poster is not a profession, it's a passion. Quality posters are people who are passionate about Bitcoin, they have decent knowledge of it and/or other fields like economy, law, politics, and they also have an ability to present their thoughts and arguments clearly. You can't teach a newbie to be passionate about Bitcoin and spend many hours per day studying. And presenting your thoughts is a bit of a talent, not everyone can become a good writer.