some individuals want to use their personal disposable income to hoard coin privately by themselves, they also want their employment retirement plan to invest into the exposure of bitcoin which can only be done via official regulated financial tools like ETF That would indeed the only "valid" reason to use a Bitcoin ETF. I like to get the tax benefits of pension investments, but currently can't get that with Bitcoin. you can also when redeeming bitcoin use other tax loopholes like giving yourself a personal loan. and other methods the elites use to not pay tax on funds. such as trust funds speak to a tax accountant. |
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This is my simple response. If the civilian government or democratic government have become a pain in the flesh of the people the why not stay in military regime.
due to for generations the government has been powered by a single family (the bongo's) then it was not a civilian government due it only been empowered by a self nominated monarch due to for generations the government has been powered by a single family (the bongo's) then it was not a democratic government due it only been empowered by a self nominated monarch however due to the coup where the head of the military(current transitional leader) was the bodyguard of the family.. the new shift in power is still loosely siding with the same household. just no longer by blood descendant .. the military have no experience of domestic responsibility for certain public service management. so the transition to an experienced government of representatives that know how to service the citizens needs to be found |
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I don't get it: on the one hand, Bitcoin users are very much into "not your keys, not your coins". But on the other hand, "we" all want an ETF to pump the price. Which one is it? Encourage people to pay someone else to (promise to) hold Bitcoins for them, or encourage people to hold their own Bitcoins? Why not both? Why do we have to stick in one no matter what? Sure, encouraging people holding their own bitcoin is good, but apparently, the regulatory oversight and the convenience an ETF provide outweighs the benefit of doing self-custody for institutional investors. adding to blackhat point(shock) but more so explaining to loyceV some individuals want to use their personal disposable income to hoard coin privately by themselves, they also want their employment retirement plan to invest into the exposure of bitcoin which can only be done via official regulated financial tools like ETF |
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SEC has 45days to appeal
So what happens if they don't appeal after 45 days. Hypothetically? Has there been a date set for make another decision for example? Haven't heard anything other than speculation. usually SEC has to accept or decline applications with certain deadlines and there are usually 3-4 deadlines.. the court will offer final guidance on the next steps, which for grayscale will be any alterations that could aid the filing. and for the SEC a deadline to investigate and accept/decline(decide) but for the SEC they will have to have a really good lawful reason to decline as i believe the court will tell the SEC the only lawful reasons the SEC could decline at the new deadline yet to be set if the court do define lawful reasons the SEC could decline. this information can also be useful for grayscale and any ETF applier so they know which holes to avoid |
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Merit farming ... has gotten way out of hand. so i gave you 50 merit. |
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15 years ago today, Satoshi Nakamoto and Martti Malmi entered the word BITCOIN into the annals of world history through the registration of the domain name BITCOIN.ORG.  bitcoin is not a website bitcoin is a blockchain. the first block of the blockchain had its birth(genesis) in january 2009 |
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many examples of this in the UK are where some head gang/scam manager sets up a human network of willing participants around the country. (much like the 'county borders' drug dealer network)
where by when scammers contact a victim and do things like saying their bank account has been hacked and the "police" want to send a courier to the victims address to collect their bank card "for evidence" along with driving licence, etc.
its not the head gang/manager of the scam that turns up pretending to be a "police courier" it is instead these willing participant dupes.. the pawns of the scam. and yes these dupes/pawns are usually illegal immigrants. but they also know that they are doing illicit activity.
yes these dupes/pawns are forced to work for scammers. usually they have to pay off their payment for getting them in the country but still they are doing illicit things.
ID is sold on darkweb. bank balances are ATM withdrawn or bank cards used to buy products which are then funnelled up the human network to the master scammer gang
many times when caught they are deported or arrested. because there is no rehab for being a illegal immigrant
yes its slave labour but also they got into the country illegally so they are stuck unable to legally work so end up having to work for scammers
yes scammers are slave masters.. but what do you expect.. scammers are not known for their compassion/charity
i do believe these pawns should all try to get a lesser sentence plea deals with authorities if they are able to report on their handler.. but they should also know that crime doesnt pay
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very true alot of people think using a service is a "right" when its not. businesses can ban users for any reason. but that business has to allow the customer to leave with their property(for the unwarranted reason).
When a user opens an account, they enter a user agreement. If the user agreement says that the service can freeze the account and seize funds, then there's no violation of law. If the rules don't mention such cases, then the users should be able to take their money. But most of the time the rules are very detailed and cover all potential cases. People need to read what they sign. business policy does not trump law. a unregulated shady boiler room scam service could put bad terms into agreements to try to make scammed customers not chase their funds.. but a regulated exchange has to follow the regulations and cannot seize funds arbitrarily without a court order. sometimes although no one likes regulations. its worth reading them. even if its to learn the limits of their powers and thresholds of authority as for the unregulated scammy shady exchanges.. well the risk is on the customer obviously which is why its best in regulated and unregulated to never leave funds in an exchange eitherway for many reasons, but more so when it comes to unregulated exchanges as you have less legal protections and defenses and less methods to pursue recompense my common rule is this: if you cant physically find someone your handing funds to, to slap them with a wet fish should they wrong you. dont hand funds to them in the first place |
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all these analytics are based on historic data involving historic prices. so of ofcourse if they use the price of a metric of one stat.. and the price of a metric of another stat ofcourse there will be a correlation of price. because both use price as part of their bases
but this is just historic data shadowing the same historic data and is not going to predict future prices
the only non market price stat that i have found that indicates a future strength of a better market in the future.. is mining cost.
the most efficient mining cost on the planet sets the base wholesale VALUE, to which the spot market retail PRICE then speculates above(ontop)
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do they auction the bitcoin based on the price as at the time it was seized or at the current market price which is the time it is being auctioned off?
its an AUCTION so certified entrants that are allowed to enter the auction make a bid. highest bid wins so its not market rate, its bid rate of whomever turns up and makes best offer usually the bidders make offers below current rate.. so the receiver gets a good deal compared to current market rate. but its usually a fair amount to outpace the competing bids. so maybe not much discount |
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the data which different transaction analysis sites produce is solely based on the credibility of the data provided to them..
for instance chain-analysis is sister companies of several dozen exchanges and services. so they share data about their customers.
this means if they have a customer on exchange A with email X and exchange B with the same email X. they can then try to find coin spend linkages
some crap analysis sites just do taint analysis without CEX/service customer data. so the results are subjective to the data they are given
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silly conversations i see even people that have been in the community for 6+ years:
"the coins are yours even if they are not confirmed/settled to your key"
"bitcoin payments happen in seconds and can handle million transactions a second"
"bitcoin relies on middlemen to pass payments along a route"
"bitcoin has more then 8 decimals"
"to use bitcoin you need to choose a partner"
to me these people are talking about other networks pretending to be bitcoin. which then makes other newbies have a bad experience when they see bitcoin is not like how these first idiots explain it to them
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data is only as good as the source chain-analysis gathers data. but it can only go on the data it gathers. nothing is suggested that the data it gets is correct. for instance someone could easily scam an exchange using false ID. meaning the exchange registers a withdrawal address as belonging to a false ID victim. so while the scammer is shuffling funds. the ID theft victim becomes the suspect when data is passed from an exchange to chain-analysis. it is then for the victim/suspect to prove innocence in court. and not chain-analysis to appear in court to prove the victims innocence/exonerate the victim. Private entities have right to reject their customers for whatever reason they want, including Chainanalysis saying that the coins are dirty. That's how capitalism works. You can try to change their mind and tell them how its unscientific, but in the end it's their decision, and you have a freedom to be or not to be their customer.
very true alot of people think using a service is a "right" when its not. businesses can ban users for any reason. but that business has to allow the customer to leave with their property(for the unwarranted reason). only a court order would allow a business to withhold a customers property. so only if a customer is deemed as doing something suspicious, where the service reports suspicion to the authorities and the authorities then investigate and deem it enough evidence to get a court order to then allow a service to seize funds. without court order a business can just ban/suspend the customers use of service and offer a withdrawal/refund procedure to exit the service and not return, for even lame reasons like deeming funds are dirty but not evidentially dirty enough to suspect a crime by the customer themselves |
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I remember when China announced its ban on Bitcoin, the price of Bitcoin dropped drastically. Then when Japan announced that
when china banned bitcoin mining and forced a majority of miners to stop mining. the value element of bitcoin dropped causing the speculative element of the retail market to drop also though people pretend that treating bitcoin as currency was the cause of the 2013 ATH, everyone else knows it was the roll out of asics to replace FPGA/GPU mining. which changed the mining cost value of bitcoin which then caused the market rate to change too. it was also the standard cycle of the 1 year after halving event that also added to the reasons of the 2013 ATH. as noted by the 2017 and 2021 ATH being caused by the year after halving events. yep many asic farms dont daily audit cost vs coin acquisition. instead they sign up to 12-24month electric contracts and then just mine non stop. at the end of the contract and start of a new contract they then assess the amount of coin accumilated vs cost of the accumilation to then (when setting the next electric supply contract) decide on a selling price for the coin. this usually happens one year after halving |
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The price of Bitcoin in the coming days really depends on the demand and demand is based on the adoption and acceptance and adoption needs regularity and this is like the hanging part. From the adoption, the main role can be played by the regulation, at the same time I think market awareness can also play a massive role. If they do accept BTC as a payment mode it can automatically lead a mass adoption but at the same time if the community survives and paly a vital role in presenting the features of bitcoin so far we are doing so well.
It can automatically attract the investors not talking about the institutional investor or funding here I am referring the those like me and you who try to find the opportunities as Bitcoin can be their dream oppertunity.
demand comes and goes. and the market is not represented by all 19m coins in circulation but a smaller reserve of alot less coins stored in custodial exchanges.. so the demand premiss is just about temporary volatility not sustainable price propelling.. now lets take a real example although iphones are popular do you know the real reason iphones cost more than a burner phone.. because of the underlying value of the material cost to make it puts iphones at a higher price range in the first place and then the speculative emotional choices of retail pricing goes ontop. you will notice how PoW networks with 10x less hashpower have 10x less market price.. there is a fundemental underlying reason for this you will notice that PoS coins are not backed by any underlying fundemental value. and those coins are 99.5% speculative pumped/hyped coins. only held up by arbitrage opportunities of better PoW coins |
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when you withdraw from an exchange via subnetworks like LN. you DONT GET BTC. you receive 'inbound balance' of msats that are a pegged promise.. that balance is not settled/confirmed BTC on your KEY, but still locked to the channel partners UTXO and with a signed promise(which can be broke) so not yet your settled/confirmed btc on your key.
if it didnt happen on the blockchain. its not your bitcoin.. be careful and understand bitcoin more
close your LN channel and claim your BTC before someone routes the value away from you
Weak scare-tactics are weak. You can't force people not to transact off-chain, as you'd like to, BlockchainHitler, so you come up with campfire tales in a lame attempt to spook people into submission. It's all so pathetic. But I love how every post someone makes about how it benefits them to use Lighting triggers you into making yet another admission that you can't cope with people having that freedom. The more you rant, the more it highlights your insecurities and your narcissism. funny thing is there are many other subnetworks.. and majority of them have better network liquidity, less bottleneck flaws and less bugs and less ways for those involved to steal funds from users.. i have never been against subnetworks.. if people want to use one for its niche utility go ahead.. but when its the one that has been "promised" to be the solution to bitcoins scaling solution that everyone needs to move over to.. yet 6 years later people still want a solution to bitcoin scaling LN failed the test of time.. get over it. you are just angry that i highlight LN's flaws.. again there are other things people can use for niche things. but people should be aware of all the pro-cons of what they use and not just pumped by idiots with the unmet utopian promises of one failed network that was the promised-land solution 6 years ago LN is not bitcoins solution.. examples, experience and time have proven it. its time you move on.. you sound like a floppy disk salesman. promoting something from a era long ago EDIT to answer troll below(doomad) topic title Effective and Intelligent Solutions to Propel Future Bitcoin Price Surge 3. Scalability and Technological Improvements:
Scalability remains a challenge for Bitcoin in terms of processing a high volume of transactions quickly. Solutions like the Lightning Network
LN is not bitcoins solution
The user in question didn't say it was a solution. They said it helps: But I am just excited that there is something like the lightning network which can help to make transaction fee easy. I know that exchange bitcoin withdrawal fee is high, unlike the onchain transaction fee, but lightning network is helping.
(underline emphasis mine) If anyone sees BlockchainHitler (franky1) trying to put words in peoples' mouths, please call him out on it. He is fundamentally dishonest and incapable of being reasonable.
now back on topic after silly salesman altnet troll wanted to provoke a derailment about his emotionally triggered observation of me ruining promotional campaigns of another network that is not bitcoin to propel future prices.. the topic creator listed certain items but all of them are just temporary pump and dump options. to actually truly propel rather than pump. means to increase the underlying value of bitcoin which then affects the speculative retail market that prices bitcoin above the value the main value maker of bitcoin is the mining cost. its that simple |
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This is a good move to crypto adoption in that region since it’ll gain more use and popularity there. Privacy of ownership while trading with those platforms will be very limited. Overall, I think it is still a good development looking to the mass adoption of bitcoin we are anticipating for.
the real news is that hongkong is a gateway for chinese citizens, which means that chinese people can now again trade bitcoin, whereby china previously banned bitcoin trading Will China allow this? AFAIK Hong Kong has special type of government that gives them a little bit of separation from the Mainland China. I didn't read the full scooe of this exchange but I doubt China will permit this exchange to accept people form the Mainland. Correct me if I'm wrong because it's nonsense that they still ban all form of cryptocurrency use on their mainland and allow their people to use Hong Kong to bypass their law. china do not want to separate hongkong from china. if china started to say that only hongkong citizens can do X and mainlanders cant. then that forms a separation.. which china never wants. yes they have separate laws but mainlanders can use the services of hongkong think of it like canada and US have different laws. but that does not stop someone in canada from buying produce from the US, nor does it stop a canadian from using a US exchange even things like. if a US state bans gambling. it does not stop a US citizen from going across state lines to then gamble in a gambling allowed state. the citizen wont get arrested when they return home another for instance.. the US currently is not allowing a spot ETF.. yet europe and australia do have spot ETF's which US citizens can use |
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In light of this, what potential value will this add to the people of Hong Kong. This platform is a centralized exchange and will be regulated by the government in the country. Do you think this move is a good one for the crypto adoption there and won’t the government be so strict with the use owing that it will be regulated by them fully?
all exchanges are centralised and regulated.. so not big/negative news about that.. its just standard practice This is a good move to crypto adoption in that region since it’ll gain more use and popularity there. Privacy of ownership while trading with those platforms will be very limited. Overall, I think it is still a good development looking to the mass adoption of bitcoin we are anticipating for.
the real news is that hongkong is a gateway for chinese citizens, which means that chinese people can now again trade bitcoin, whereby china previously banned bitcoin trading |
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3. Scalability and Technological Improvements:
Scalability remains a challenge for Bitcoin in terms of processing a high volume of transactions quickly. Solutions like the Lightning Network aim to address this issue by facilitating faster and cheaper microtransactions off the main Bitcoin blockchain. Continued technological advancements that enhance scalability, security, and transaction speed could attract more users and investors, positively influencing the price.
I have some bitcoin in my trading account, I paid with it on an exchange recently using lightning network. If it was before and I want to use the trading money to pay, I will prefer to first convert to an altcoin and use it for the payment, but because lightning network was among the payment, I used it which is very cheap. The best way is to have your bitcoin on a noncustodial wallet, which is a way to have complete control on your own coins. It is not good to save coins on exchanges. But I am just excited that there is something like the lightning network which can help to make transaction fee easy. I know that exchange bitcoin withdrawal fee is high, unlike the onchain transaction fee, but lightning network is helping. its not when you withdraw from an exchange via subnetworks like LN. you DONT GET BTC. you receive 'inbound balance' of msats that are a pegged promise.. that balance is not settled/confirmed BTC on your KEY, but still locked to the channel partners UTXO and with a signed promise(which can be broke) so not yet your settled/confirmed btc on your key. if it didnt happen on the blockchain. its not your bitcoin.. be careful and understand bitcoin more close your LN channel and claim your BTC before someone routes the value away from you |
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