well...xhomerx10 and capsLOCK ought to be disqualified immediately
Think they used a prohibited colour palette...I do like caps pink landing legs but...we need guidance
what do you think HM? Do i have a leg to stand on here? Do you think homer mixed the red and yellow to get that orange? caps might have muddled all those colours together for that umber or penny, not sure what to call that..wouldnt put it past him however
It's flesh tone. Like any sensible helicockter has. No homo. |
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^ Interesting... How large are the 'XMR only' DNM's compared to the rest in that space. I remember AB used to be huge and ruled over all the other DNM's.
Pretty sure WHM is the biggest one. |
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What is this a pump for children?!  Ooh! I made one too... Your's is "OK" though.  |
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Come to think of it, have we not speculated in here that the recent attack on the Monero network might have something to do with the somewhat odd price action?
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LOL... it's Sunday night.
LOL
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-Bitcoin has grown to a gigantic half trillion dollar network.
-Bitcoin is still ONLY worth a half trillion dollars.
Sorry to arrogantly quote myself. But that right there is the thing. I don't think we understand how rare this is (it's just my gut). If Bitcoin is to be a success it will have to reach escape velocity. - IT HAS.If Bitcoin is to be a success it will be worth at LEAST a significant fraction of gold to a multiple of gold. - IT IS NOT.It is currently the least likely to fail as it ever has been. And yet is only worth a tiny fraction of what it should/could be if it's not going to fail. It's like some sort of financial eclipse. But the kind that only happens once in the history of the world as opposed to every thousand years or something. It will make kangs. Gentlemen. (OK - yeah... that's too bullish... but I can't stop. Somebody stop me!) |
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My TA says we are running too hot right now. Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.
Likely scenarios are:
1. My TA is shit
2. We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)
3. We will stagnate at this price for 3 months and everyone will get bored
4. This time it is differentTM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)
5. We are going to have a mild dump heading into early January and then bounce.
Personally I’m going with option 5. Again I am not trading this - it’s not worth the risk.
Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).
There are no facts to base 4. & 5. on them, so 3. looks most logical. I think there are tons of facts for #4. -Bitcoin has grown to a gigantic half trillion dollar network. -Bitcoin is still ONLY worth a half trillion dollars. -BIG money individuals and smaller organizations starting to take positions. -Those who think it is a ponzi/tulips/bubble/pets.com/myspace will not But MANY MANY others will. -Large institutions *beginning* to take positions. -The biggest commercial banks and investment firms gone from "it's garbage" to "We expect 300k-600k BTC". -There has been unprecedented OTC buying. Never in Bitcoin's history has the OTC market been so hot. -Much analysis has been put into how much is left for early whales to sell etc. Not much agreement other than it's probably not much. -Governments attacking tokens the qualify as securities but not Bitcoin effectively. -At least one central bank openly endorsing bitcoin use. And the craziest part. All the people realizing what bitcoin is at this point? Are also realizing that the fire is lit and they cannot wait to take aposition without it being costly. That feedback loop Satoshi mentioned? Yeah the fact it was ever worth ANYTHING is the miracle. But as to where it goes? That part is just getting started. |
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My TA says we are running too hot right now. Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.
Likely scenarios are:
1. My TA is shit
2. We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)
3. We will stagnate at this price for 3 months and everyone will get bored
4. This time it is differentTM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)
5. We are going to have a mild dump heading into early January and then bounce.
Personally I’m going with option 5. Again I am not trading this - it’s not worth the risk.
Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).
I think it's 4 and 5. |
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I am mixed optimistic. The altpocylypse narrative is strong (as it should be)and I have alsways felt we would see a reckoning for all the garbage that could have some negative impact on the few projects with value.
It also looks like the market is favoring a few alt blue chips (ETH, LTC, BCH etc.(not the coin lol)) But the market is a little wrong about it's picks, and XMR seems to be kind of the oddball as usual.
I am also seeing XMR do that weird thing where it is on a boom/bust cycle out of phase with the rest of the market which is interesting.
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We broke under the oft visited bottom end trend line. Doom?
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It's literally pathetic. It turns out in the end Bitcoin is his worst nightmare. He will be remembered as a fool, Bitcoin will diminish the value of his gold. He will have missed the opportunity of a lifetime. Thing is he is already rich as heel seemingly. So whatever. More for us. |
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Our lil buddy continues to live out of sync with the rest of the market. I actually LOVE this. I am not sure why exactly... but I do. I feel like it means something good, lol.
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1/ More major US government action on crypto, this time from the White House working group on financial markets, with a slate of proposed policy around USD stablecoins. We have a few things to say on the matter! https://home.treasury.gov/news/press-releases/sm1223... 6/ This paves the way for stablecoins to become a major part of the payments and settlement infrastructure of the financial system. With Centre expanding, expect many more FI's to be involved with USDC, and expect more Centre stablecoins. ... 10/ Most importantly, it is vital that the US government carefully considers how digital dollar stablecoins work over the internet and tap into the massive innovation of public chains, DeFi, smart contracts, etc. in the digital era stablecoins: native payment, smart contract BTC : international payment,investment and there are many bridges between stablecoins and BTC. That is a terrible haiku. Keep trying!  Oh, and Jeremy Allaire has been so wrong about so much in the "crypto" space. He has been trying to prop up the altcoin universe from the beginning. |
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Bitcoin maximalists make the fundamental mistake of forgoing profits (BTC profits) in favor of talking shit from on their high horse. The market makes clear time and time again that it does not value decentralization nearly as much as you do. It's not like all money must flow to the one true decentralized coin.
Exactly. In each major bull run, the big money was made in ... altcoins. But in this cycle, I have yet to see a meaningful start of a bull run in the alt market. Will it be different this time (I suspect not; big boys are accumulating as we speak)? The alt action as I see it could unfold like this... Particularly in the wake of the XRP led altpocylypse. There are two kinds of big money coming in. 1. The Michael Saylor "Bitcoin is the killer network" sort of maximalist inflow. And there will be a lot of this. Because those level of investors understand how important network effect is, and they are also most likely fairly resistant to scam narratives, unlike retail. 2. The due diligence "what is the next bitcoin?" inflow. But hopefully it is actually somewhat more sophisticated than that. For example Fidelity seems to be getting Bitcoin from their analysts to their CEO. But do you really think that company is not looking at other projects and pinpointing places where there could be an asymmetrical bet sort of like Bitcoin circa 2014. I think it is possible this is driven by misunderstanding and ignorance as well as by really solid analysis. In other words, I feel like Raoul Pal's recent ETH praise is not really based on deep analysis. I think he is sort of just looking at it on the surface and thinking it will be the smart contract platform without regard to its security, ability to remain decentralized, etc. Whereas someone else might notice a crypto project that honestly does something Bitcoin does not do, and stays out of the way of Bitcoin's sweet spot. I can think of a couple. And I could see money going into those. SO... I think it is very likely we see CERTAIN altcoins continue to appreciate in value while possibly even the majority tank. But I also kind of hope for that... so I am biased. |
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To that end, I'm still not convinced to spend money to get one of them. I'm now leaning towards a Trezor, but I do fine with my own hardware. My "hardware wallets" are my freshly formatted refurbished air-gapped old ancient workstations / servers. Almost eternally quarantined.
Air-gapped is the way. Sign the TX on the offline machine, push the TX to the network on the online. Never seen the need for specialized hardware when generalized will do the job just fine. Agreed. 99% of my Bitcoin are older than HD wallets. I had everything safely set up in a notebook full of single address private keys, lol. The are two things about hardware wallets that make them a viable and important product: 1. They are the safest way for a non technical person to self custody. 2. Convenience. You are approaching cold storage security with hot wallet ease of use. Nowadays I use a 2/3 multisig setup with seeds stored in multiple locations on the washer/bolt getups. Well that and a couple hardware wallets. If it's true and accurate it looks like my address was not leaked from Ledger. Whew? |
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It took us just a few posts to end up @ "But muh <fav-alt>".
Disclaimer. I too have a fav-alt, lol.
Not all altcoins are total corporate crap. How about the original altcoin, Litecoin? Decentralization, limited supply, peer-to-peer networking, proof of work, and total lack of any company or other organization, no pre-mining? Yep. No problem. It's still not Bitcoin though. Ethereum? Halfway there. It may not be totally corporate, but it is premined and unlimited and when it goes from POW to POS it becomes a complete POS. Yup I hold trivial (as a percentage of my hoard) amount of Litecoin. But it is in a distant spot 3 behind Monero the only coin I hold a significant amount of aside from BTC. We all have our pets. But Ripple was and is a terrible stain on the entire sector. It is an abomination. And even the Libertarian in me kind of hopes that the scammers behind it go to jail. Hmm... I suppose that is the statist in me rather than the libertarian. Although I think it is possible to make a fairly good argument that what the Ripple people did was a criminal attack on unsavvy people even without getting into whether or not individuals should be able to print money. People have been prosecuted for much much less than what Garlighouse and McCaleb and the rest of these scammers have done. I hope they get strung up by their toenails. Seriously I would be pleased to see jail time. Billions of it. |
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God, if I was not so lazy I would be setting up some west Texas wind/solar. I wonder how much those turbines cost to deploy.
I looked at the numbers. 1 turbine of 2-3 mW is $2-4 mil. Lets assume $3 mil. It looks like it can probably 'feed' 1000 S11-say, another $3 mil. maintenance-they say about 50K/year. 2 people (at the minimum) taking care of 1000 miners-another $100-150K/year. Total investment for the first year $6.2 mil. 1000 S11 would make roughly 20BTC/mo or $0.47mil/mo (current prices) or 5.64mil/year if everything stays put (it doesn't). So, about 13-14 mo to profitability if turbine is fully paid for, not a loan. However, second year is almost pure profit  . This business would need to very strategically buy new miners (on the cheap when possible). I am not sure how reliable the wind is (it probably isn't)? Nice. Actually I am shocked this could ROI that fast. Dang. I know some OG VCs are doing this in west Tejas right? Wences or someone? |
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It took us just a few posts to end up @ "But muh <fav-alt>".
Disclaimer. I too have a fav-alt, lol.
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Actually i am loving this dump. This is the BEST case scenario. Ripple is the pin that slaughters the alts. A few alt projects will survive. ANY of them that look even a little like a security are gonna get killed.
Bitcoin basically holds. Dominance goes wild.
Edit.. Wow.. the more I look at this the more beautiful it is.
Ripple another coin not backed by mining gear. Did well right? true, but grin (backed by mining) did nothing positive so far-one of the shittiest of the shitcoins as far as ROI is concerned. Grin chose an issuance model that guaranteed it would be worthless. At least at first. Grin is at least innovative (I own zero of it). Grin's resource usage advantage is still interesting to me. But it is really not the BEST at anything. The ONLY projects that will truly flourish will be the VERY FEW that are good at something bitcoin does not do, or cannot do for a long time. And they have to be correctly built too... constant inflation? Interesting. Constant parabolic asymptotic inflation? Also interesting, and also weird. Who really needs it? |
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