I'll call you again in 2030, biased guy...
Yeah, got it, no actual arguments just slogans, so, call me in 2030! Wanna take a bet that China will be No1 in terms of nominal GDP by 2030? 1 BTC Put your money where your mouth is. ps: I'm not a fan of China or totalitarianism in general (including faux Western "democracies"), but that's just the way things are heading according to Davos/WEF. If West was not that dumb, then China would still be piss poor. This is all our fault. Be a man and admit it. |
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Gotcha, you're from an ex-commie/USSR country and you think USA is the "savior".  Poor guy, you still have trauma from the breadlines in Poland... I'll call you again in 2030, biased guy... Spoiler alert: Davos controls every country (from USA to China). The capitalism vs communism division is faux for guys like you. You also forgot farmer protests in EU for some strange reason... yeah, LNG prices and incessant USD/EUR printing caused too much inflation. But sure, it's all Russian propaganda (even Putin is controlled by Davos). Sorry to burst your bubble, but there is no savior here. ps: I know the price of USD in sats. It seems you're also a faux Bitcoiner, otherwise you would count in sats too, not dollars. Such a disappointment this forum is. Faux Bitcoin maxis everywhere. |
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Look better at that chart:  PPP, or the way to tell poor people eating a loaf of bread in the slums of Lagos is the same as Buffet having a golden sprinkled wagyu steak in Manhattan. By PPP Egypt has a 2 trillion economy, by USD or, well Bitcoin, it's only 400 billion. Are you American or what? It says "Top 10 countries by nominal GDP in 2030" https://finance.yahoo.com/news/ubs-survey-china-world-superpower-185949233.htmlhttps://www.dailymail.co.uk/news/article-6575793/China-worlds-largest-economy-2030-India-surpass-U-S.htmlhttps://www.youtube.com/watch?v=jo1PiiVEfGQIt seems you enjoy being a contrarian a la Franky... Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution...
TSMC is nothing with ASML, and good luck in invading the Netherlands. Sure thing, Chinese are pretty good at reverse engineering stuff. I thought that was common sense. That's why Made in China products are ubiquitous . It seems you have "forgotten" this for some strange reason: https://www.reuters.com/article/us-asml-holding-usa-china-insight-idUSKBN1Z50HNCare to explain why Trump was worried about China getting their hands on ASML equipment?  Also, keep in mind 95% of solar panels imported in the EU are made in China: https://www.reuters.com/business/energy/with-solar-industry-crisis-europe-bind-over-chinese-imports-2024-02-06/https://www.euronews.com/my-europe/2024/02/13/chinese-competition-poses-existential-threat-to-europes-solar-industryhttps://www.economist.com/europe/2024/02/08/europe-is-importing-a-solar-boom-good-news-for-nearly-everyonehttps://balkangreenenergynews.com/eu-rules-out-measures-against-imports-of-solar-panels-from-china/Wanna know what will happen to the green transition if China stops exporting solar panels to the EU? It seems you're totally clueless when it comes to geopolitics and 4D chess. EU is already struggling with LNG, let's not make it even worse than it already is, shall we? China has everyone by the balls and it's West's fault for outsourcing the manufacturing to East Asia. EU cannot even manufacture a modern chip foundry to compete against TSMC... Dresden used to have a high-end AMD factory back in 1999-2000. Those days are long gone. Historical patterns indicate the USD is already a grandpa waiting to be phased out vs BTC being a baby:
Those patterns have all the same story, the main power falling in a war against another continental power. Now, based on those patterns, how do you see Mexico or Canada faring in a war against the US? A "continental" power is necessary? Says who? Especially in a globalized and increasingly digital world... this won't be a traditional war, unless you expect they/them trannies to fight in WW3.  Come on, it's China vs USA. Everybody has figured it out, except you it seems: https://www.telegraph.co.uk/news/2021/03/10/china-could-invade-taiwan-2027-top-us-admiral-warns/https://www.youtube.com/watch?v=KiaukPUV6Hg&t=1622sGreat Reset tells you nothing? Ancient Romans also had lots of faith in their empire... that aged well. I don't expect anything to last forever (including Bitcoin), but as I said BTC is still a baby, not even an adult. Still a long way to go, unlike the dollar. I'll never understand geriatric Bitcoiners who put so much faith in a declining empire.  Have you invested in 401k or what? I also suggest to study this one: https://www.brandonquittem.com/bitcoin-rhythms-of-history/ |
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Yeah but we need to think about the scalability also. If something is getting highly valued then it doesnt mean that we can just go ahead and start adopting it on global scale. The bitcoin's limited circulation can also get it into trouble at some point because we can not make tiny transactions with it if one satoshi costs 100 bucks in the future!
Let us give it second thought by stopping our positive approach towards it for next two minutes. What do you see? A model that can fail because of it's own roadmap that was designed to sustain for very long period of time.
Big financial institutes are already holding more than millions of bitcoins in their fat wallets. This could be disturbing if we try to replace vital financial options or investment opportunities.
Either we adopt Lightning, or perhaps the population collapses in the future... fewer people could make it with a deflationary currency. |
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1971 was 53 years ago. That you have to go back that far sorta makes my point for me… Didn't expect much from a Biden fan. Your perception of reality is roughly the same. Interesting. What is 2024-1971 using Trump Math TM? Just curious… You better explain Biden math. I don't trust WEF puppets. #HFSP |
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1971 was 53 years ago. That you have to go back that far sorta makes my point for me… Didn't expect much from a Biden fan. Your perception of reality is roughly the same. |
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According to Davos it seems that China will be No1 (double GDP) by 2030:
GDP is smokescreen data, that much we should all notice.Its a system data showing how a country is doing. Acording to GDP Russia is doing fine. US of A is doing fine too, and most countries give cleaned data to the "authorities" who like to sample those. Davos known as being worker friendly. No doubt that the upper political class is doing just fine. For better or worse, GDP is the best metric to compare economies in capitalism... There are also other metrics, such as the Gini coefficient, but I don't think it's better to live in Cuba compared to USA, despite having "free" healthcare. |
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You didn't check the link I posted, now did you? Usually, fiat billionaires don't get rich by wasting money. It's like spending $100 to get rid of $5 from your wallet. It doesn't make sense.
I did, but don't assume that's his only wallet. Whales have multiple wallets, they mix funds... did you perform chain analysis or what? Only a whale would waste that much money on a regular basis (as you said), not a shrimp. Any way to raise fees that is not crazy expensive is being tested by large miners. The ˝ should bring about a lot of weird bizarre money moves. But if I am foundry grabbing ⅓ of the blocks raising fees is in my interest. Perhaps, but with 5 big mining pools there should be some competition fee-wise: https://miningpoolstats.stream/bitcoinIt's not like Foundry has 90% of the hashrate to solve almost every block... If your hypothesis is correct, this gives some ammo to BTC critics to declare it "centralized". |
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adding on to the comedy tweets.. turns out calvin has left BSV and handed his twitter to BSV twits(twats and twonks) Calvin Ayre
@CalvinAyre
Good bye everyone. This is my last post before I take off on an adventure I have been planning for the last year. I have now handed this account over to a team that will work with the BSV Blockchain Association, London Blockchain conference and other organizations dedicated to educating on how Enterprise Blockchain brings together and completes AI, IoTs, Web 3 and other areas of Big Data. I am proud of what I have done to save such an amazing piece of technology and look forward to watching it continue to grow.
Good. Now let's watch the entire BSV community implode and BSV going down by 90%. This didn't age well... |
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But we see that blackrock will buy bitcoins and then it will be like new oil you want btc than you need USD first.
Once again anyone who doubted of USA power will be disapointed again becouse when blackrock owns all the btc or most of them since trump is one of the blackrock buddies you connect the dots the USA will be btc cartel you want btc you buy with USD.
Then it comes USDT and usdc into play we could see how USD stablecoins value going up together with btc.
Now we gona just wait to see situation why a lot people start to buy btc probably wars could be one of the reasons Also the currencies collapse against USD.
It might look scary how Blackrock is scooping all the Bitcoin they get there hands on but the question is, who own those coins? Blackrock is just an ETF providers more like a brokerage, when investors start selling their ETFs for profits, Black doesn't have choicr than to sell the Bitcoin under their custody and if they want act smart by holding the Bitcoin and using either their revenue or some investors money to pay off investors because they think it can go up, then I think we are going to likely experience FTX 2.0 because this was what they were doing until the scheme collapse. We have other rich wallets that are even unknown and these wallets hold more than what Blackrock or any of these exchanges hold. I understand the fear now because having more than 500k BTC under 5 months is wild but I think it's just demand and timing due to bull run, as we approach bear market, expect the numbers to reduce as well. Just know that crypto investors know when they need to trust the government and know when to be smarter. If your hypothesis is correct, we're going to witness yet another bear market in 2026-2027. I also expect Taiwan's invasion by that timeframe... it could be Ukraine on steroids (in terms of financial crisis). |
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You didn't check the link I posted, now did you? Usually, fiat billionaires don't get rich by wasting money. It's like spending $100 to get rid of $5 from your wallet. It doesn't make sense.
I did, but don't assume that's his only wallet. Whales have multiple wallets, they mix funds... did you perform chain analysis or what? Only a whale would waste that much money on a regular basis (as you said), not a shrimp. |
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By the way. Am I the only one who believes this thing about talking about Trump or Biden suffering from cognitive dispairment is just another example of how much politics in the United States seems to have devolved in during these years?
Just think about it, in previous years (around the 2000s and the 2010s) during political rallies the candidates would not talk about such topics at all, they would talk about policies and the way they wanted to try to improve the life of the average American citizen.
Some nights ago during one of his rallies Trump even made fun of Biden's stutter and people laughed at it.
Those are the kind of things which would have been considered to be of a bad taste and unacceptable for both the Republican party and the Democrat party not so many years ago.
Today it has become acceptable for one of the candidates to make fun of a medical condition of their political foe, instead of talking about policies. We have become desensitized...
Obama wasn't senile though... I'm not saying he was a good president, but at least he wasn't old. I just don't understand why why old guys should become presidents. Why not have 30-40 year old guy instead? Do you have to be 70-80 years old to be "mature"? I would declare Gerontocracy illegal if I had it my way. |
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There is no evidence Biden is "anti-crypto", and Bitcoin has quadrupled under his tenure. You forget the fact FED started printing trillions of $$$ in March 2020 during Trump's presidency. Who gave out the $1200 stimmy checks? But it shouldn't really matter, because FED is "independent", right? So it shouldn't matter if Trump or Biden is in charge, since FED can act independently... so your pro-Biden/pro-BTC point is kinda moot. |
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I love the idea of imagining the world is controlled by a few mysterious men in a secret room somewhere, because that's really easy to understand. But in my experience the real world is a lot more complicated than that... It's not: https://www.youtube.com/watch?v=SjxJ1wPnkk4 |
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This isn't a Biden tax, it's a deep state tax to make BTC mining less competitive in the US.  Sleepy Joe doesn't even remember the breakfast he ate today!
There are so, so many things wrong with this graphic: 1. It cherry-picks very specific consumer goods, which are subject to market volatility--and the items it picks are really bad examples since they are simple products. A better example is something complicated like an new car. Plug that into the graph above--and then account for things like the longevity and quality of the good--and your graph gets much flatter. 2. It does not compare the average income of workers. Back when a Hershey bar only cost ten cents, the average worker only made two dollars a day. Today the average wage in the USA is over $250 per day. But even if you still use this graph, you would note that in the last 40 years, the US dollar has been amazingly stable. Hmmm, not really: https://wtfhappenedin1971.com/[moderator's note: consecutive posts merged] |
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We're now just waiting for US to announce it but it seems they're tough and won't be reporting anything like that.
Nobody is waiting for that because the US economy is still growing by a large margin: https://www.bea.gov/data/gdp/gross-domestic-productReal gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the “second” estimate. In the third quarter, real GDP increased 4.9 percent. I know it's a thing that has become like the daily prayer for some to see the USA in trouble but right now you couldn't be further from the truth. And in a short time all those fears about recessions will turn to be just like the other crises that never materialized apart from the media, the food crisis, the energy crisis and so on! Wait, isn't recession already going on? We have money but its not enough now. Everything is so expensive.
Pricing increasing is not a recession, if you would go by the price indicator alone right now a deflation would be far more likely to trigger a recession. Things are expensive because there is demand for them even at those prices, otherwise, you would see all those markets crashing down like the real estate did a decade ago, but there are no signs of that if you exclude all the fearmongering that has been around for a decade also. Honest question: How long do you expect the US economy and the USD to be dominant? Historical patterns indicate the USD is already a grandpa waiting to be phased out vs BTC being a baby:   According to Davos it seems that China will be No1 (double GDP) by 2030: https://www.weforum.org/agenda/2019/01/india-will-overtake-the-us-economy-by-2030/Of course it won't be easy, they'll have to capture Taiwan (TSMC) first to become the leaders of Digital Transformation/AI revolution... I expect FED to start a massive "green" QE in late 2024/early 2025 (like they did for COVID back in 2020-2021). ECB has shown some signs they're "concerned" about climate change: https://www.ecb.europa.eu/ecb/educational/explainers/html/why_climate_change_matters.en.htmlAdd on top of that the halving effect, the ETF demand for BTC and we're in for a treat. Maybe the biggest bull run ever, possibly even bigger than 2013... |
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he's been doing that for a very long time. He's wasting massive amounts of money on transaction fees. I don't get it. BTC whales don't give a shit, they're frivolous spenders. Not much difference compared to fiat whales TBH... |
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I just watched the last few days, price drop + low fee and thought maybe the fee could go below 10 sat/vB. Maybe at some point during the weekend, but he certainly won't come to 3 sat/vB.
90vMB of fees on top of the 3 sat/vb ones, you would need 2/3 of a day with no incoming fees just to reach that, close to impossible even for the weekend. Besides, I assume that going below 5sat/vb would trigger another wave of consolidations just like the 10sat/vb wall did, one week with no events, an increase in block speed back to at least normal (we're currently 22 blocks down the pace), and another weekend and we might reach it. Still, surprisingly we had one huge spike in price, ordinals still being minted and no jump in fees, quite unexpected. Even with the current fee prices there are lots of consolidations... more than data inscriptions. |
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An off-chain layer for NFTs, with Bitcoin as the settlement layer, will be actually be the most ideal conclusion for the "Ordinals Drama". It's going to be more efficient, cheaper for users, and developers could actually build "trading" apps using them because transaction throughput will be higher.
That's assuming that's what they want. 'They' being the creators of Bitcoin blockchain bloat and spam. I don't think they are interested in moving their activities off-chain. I'm assuming from the viewpoint that capital is limited, and Bitcoin = Capital. They either run out of capital first by doing expensive on-chain transactions, or they are going to start to do it more efficiently and cheaply off-chain. Plus I believe we could also assume that that many of "those" users want cheaper transactions as well, and that they would accept the trade-off of having lesser security to have cheaper transactions.
I am ready to be proven wrong, though. I think making the Bitcoin blockchain congested is one of the goals, aside from tricking a big enough crowd that the inscriptions have a value. They are trying to prove a point by saying, you didn't want a bigger block size, so enjoy our Ordinals on your low-throughput network.
There "could" be some entities that "could" use Ordinals as an attack vector to spam the blockchain, and make it congested. Good luck to those entities, and let them burn though their capital. The miners + a small group of people will make money, 90% will not. It's simply not sustainable plus it proves that the system works. For some strange reason it keeps going on for months and months since last year... Maybe because some of these guys behind Ordinals/BRC-20 are actually OG Bitcoiners who jumped to the big block camp (BCH/BSV) and keep burning incessant amounts of BTC? Not everyone exchanged their BTC stash for BCH/BSV... some people kept both after the forks happened. |
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