I do wish more people saw it that way. Imagine you are satoshi. You've just designed a revolutionary new peer-to-peer protocol, where Person A can send funds to Person B without any intermediaries blocking the transaction, freezing funds, harvesting user data, etc. And then the first thing people do with it is introduce middlemen who do all of those terrible things and more. Wouldn't you be disappointed/annoyed/saddened by that?
says the guy that loves transactions getting dropped because he wants everyone to pay more fees, farm beyond a days labour of the unbanked.. just so he can offer a option to offramp users to a different network not made by satoshi that does have middle men that can block transactions.. decide not to pay out when its time to settle yep if only doomad could see his own agenda goes against what he says today and he wonders why im disappointed/annoyed/saddened by doomads agenda
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Interesting, now can anyone clarify if this is safe to use on the human body? Is this healthy? Also do you think it makes sense to decide to use your Asic miner to heat up your bathing water when you can follow the normal everyday routine?
But I am also curious about this one since the heat maybe contain some radiation radiation??? (facepalm) asics do not produce radiation. its jsut the amount of electric flowing through metal circuits so fast it heats the metal.. the same as a coffee kettle or any electric heater operates.. its not radiation to worry about its if you heat water too much it boils and the heat can burn your skin. thats where you would need to have some thermometers and a flush system to pump in cold water into the bath to moderate the heat from the asic heating systems hot water.. much like most baths using a hot and cold tap anyone using or owning a heated swimming pool knows this. if you feel the inlet pumps for the pool some are warm water some are cold water and they open and close(push more or less water in) based on what the majority temperature of the pool is to keep it to a certain level
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those videos are of homeless and people on drugs..(occasional prostitute) being homeless or on drugs is not a crime.
the cops only go after dealers and pimps (and squatters rarely, as that involves the court system)
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in the days of silk road(2011). there were not even 9.5mill coins in total of the whole bitcoin network (mid 2012 the network reached 10.5m, yet... minus satoshis stash would again be under 9.5m) and no not all coins went through silk road
law enforcement only seized about 150k coins.
fungibility/taint is not a simple yes/no . its a % of suspicion
using a mixer actually adds more % risk of suspicion and definitely gets you put on a watch list.
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If there is one thing that I have learned, it is that humans needs are unsatisfiable. The more we try to satisfy one's needs, the more others keep arising from places we never expected them. Right now, it's as if our most pressing needs are what we have more of than those for which we really made our budgets. i think your confusing "needs" with "wants" what i have found is there is a generational thing. the young, when they first step into the world of employment outside of their nests.. they think everything is available to them and are still in the influencer culture of wanting everything. such as top brand produce. just because their social group or favourite idol has it however as you age you get wise and start to think about 'needs' instead of 'wants' and so you do learn to live within your means or if lucky like me to be able to afford anything you realise you dont need everything.
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if your starting your own business.. self employed no need for an MBA but if you want to start a corporation which requires alot of staff and decision making and teams like a HR, PR, and other departments ..then yes get an MBA
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smart people heard about "inflation" in early 2021. that was the stage when smart investors would get out their investments to stock up on real world stuff like upgrading house, new furniture new gadgets and appliances before prices rose.. however now we are in the stage where people are wanting to save their wealth again, in places that offer good interest/ROI far better then the crap amounts banks offer. because if a bank only offers 2% savings interest. but inflation is 10% then thats a minus 8% value loss per year.. so no one wants to just hoard wealth in normal bank accounts
so now people are finding things to invest their wealth in now they are not in a buying home luxury's stage
ontop of this and more directly affecting bitcoin is that the hashrate has increased the baseline value bottom .. meaning instead of a $15k bottom its has moved above $20k which then supports the speculative market above bottom to be more secure above $25k
as for thinking the last ATH was the last ATH. you are missing a few dozen more to come over the next century.. they are every 4 years roughly. (usually a year after a bitcoin halving) so expect more to come
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if you look at all of elons projects. they all are about space mining Boring is about making drills for mining and moon/mars underground tunnels between habitats. but is using R&D for earth transport tunnels
electric cars is going to be about moon/mars buggies/transport. because yea there is no 1million year old pool of decayed trees/corpses on moon/mars that is now coal/oil .. so moon/mars buggies will be electric again R&D is for earth luxury cars
solar.. well obviously energy source for all electric devices in space
rockets.. well obviously yea earth moon/mars transport.. R&D is transport to space station
neurolink is for medical and communication/bio analysis. because you cant exactly have a family doctor in space you can just visit
the missing piece.. water desalination/purification..
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most peoples issues is as soon as they get profit. they spend it.
the trick is to tell your family you made a loss (when you made a gain) and just tell them that you dont have any profits to give them this month
dont promise them monthly income guaranteed,, tell them a lie. say instead there is a 50% chance of loss. that way every 2nd month you dont pay them.
firstly it makes them less reliant on you and secondly you get to accumulate rather than spend
then invest the actual profits/income and accumulate them hidden from family. until it comes to a point that the original profit stash is more then your own investment stash. and then syphon value off that to feed the family.
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this is not big news
this is just riot doing a 2x hashrate to prep for the halving. expect many asic farms to do similar when they are on contracts to need to stay above certain amount of coin reward income
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ordinals are a scam, the theory is broke. simple understanding of math, logic, economics, code and looking at blockchain data of how bitcoins proof of transfer, prove the dead weight data appended to tx doesnt work as described
however you just want people that want the scam to stop, to just shut up and accept the scam should continue..
people getting scammed is not proof that it works as a economic viable unit of valu. its proof that its a scam when they get scammed, seeing scammers happy that they scam is not proof that it works as a economic viable unit of value. its proof the scammers have scammed, where victims are not owning anything but a loss of wealth
whilst those that know economics, code, logic and maths want to inform others how scammy ordinals is.. but you again dont want people to even talk about the scam
goodluck with your life.. and very strange when everyone reads the stuff you advocate.
as for bitcoin. you want bitcoin(oranges) to get expensive to acquire or trade with. no i dont mean buying the orange i just mean charging people high fee's just to move an orange hand to hand.. where by you want it to only be supplied to the elites, and then you want to tell everyone else to go play with other units like LemoNs
funny part is you are not a "elite" but you are soo script happy to want bitcoin to be made annoying for people of your low income amount. thus shooting yourself in the foot eventually. just to promote something that means eventually you wont be able to handle bitcoin yourself. pushing even yourself into only using other networks who are you actually helping by your strategy. because its certainly not yourself
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genslers motives are the same as historic SEC motives
the SEC was set up where its a self-regulator for banking. where the first ever chairman was a stock/commodity investor (kennedy) so the SEC is a self regulator under the guise of pretending to be a political controlled regulator
its a criminal with a gold sherrifs badge they moulded for themselves, so they can tweak the laws to suit themselves
.. gensler is setting up barriers of entry for small/mid businesses the 'protect the demands of customers' translates to: only allow customers(citizens) flow through large institutions take the matter of him trying to "repatriate US funds" from binance. i wonder which US custodian he wanted to hold the reserves and serve customers
same as the "make crypto US friendly" meaning the SEC is friendly if your an american institution wanting to use crypto. but utter hate to international businesses not wanting to HQ in the US but want to serve US customers
when you realise what the SEC is actually for. you then learn that its doing its job.. its not for consumer protection. its for barrier of entry to stop open/free markets. they want to limit the markets. its about controlled centralisation. with a thin vail of appearing as open and free
what needs to be done is CHANGE THE SEC mandate. change their policy EG make their policy be more about "consumer protection" as their mandate. where the regulations then offshoot from that top point. EG yes audit custodians to ensure reserves exist, protected and insured so there can be no fractional reserve "bank run" risk
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its simple
imagine there was 30trill in the economy. one year and 33trillion the next year it appears as 10% inflation of the economy..
however that new 3trillion is not sitting in the bank accounts of average joe that 3billion went to institutions, its not circulating amongst the average joe people
average joe are still playing with each other with a far smaller amount. that has not moved much
the covid stimulus did put funds into average joe.. but within the same month it trickled up to the institutions when average joe bought stuff/invested the stimulus
during the 2008 crises the bank stimulus was to stop banks from calling in trillions of debt. but that stimulus did not trickle down. it stayed at institutional level
so while billionaires had boosted their valuations of their wealth on paper.. the average joe had the same amounts as previous but were told that their lives had 10% higher demands on them. thus they got poorer.
just remember. billionaires are only billionaires because they hoard their wealth, not spend it
poor people spend over 95% of income. billionaires spend under 5% of their income
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the IMF is not where countries move money..
think of the IMF as the credit card and the BIS as the debit card
the IMF is basically the credit/loan provider
its the BIS that move the money for transactions/payments internationally.
at this moment china, UAE and egypt moving billions between each other to built eqypt's new capital city
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I'm a pleb
we know and I too have, many times, become pesimistic about the economy in general and in what's about to come.
heres some tips when they say recession.. hear "buy the dips" when they say real estate market will burst/crash/collapse.. hear to the words 'cheap, discounted houses' when they say cost of living increase.. hear the words 'payrise, invest, economise' whenever i see news reporting that stocks and shares crash. i hear buy the dip wall street wants the lower class to fear crashes, basically they want the plebs to sell at a loss so they can buy cheap. but these crashes are when you should be buying when media shout "crash" rather then "discount" this is them trying to cause a 'dump n pump' trying to get the price to go as low as possible to test value bottoms. while they buy at that base value whilst plebs are selling at losses when you see restaurants go through "greedflation" where they have put their prices for meals up buy50% instead of 10%. thats an opportunity for other smaller restaurants to gain customers by offering meals at less than 50% more. thus being cheaper thus winning customers there are many opportunities to provide products and services take clothing retailers. that raise their prices. many other people set up etsy/ebay accounts to do dropshipping of clothing thats cheaper. when you see people that are seeing a supply problem. dont see it as a problem see it as a demand for something. fill that demand back when covid started the 'toilet roll rush' some people had stock piles of toilet roll and resold them when it was not available in retail stores
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larry the well trained doom-advert troll
funny part is you dont want people to use bitcoin built you want bitcoin to be filled with junk. you want the junk to continue and for the junk to make the fee's be high.. its funny to see you pretend to care about the little people yet be the one promoting the crap people should used instead
good luck with you cult life. but one day you will wise up
and by the way no you cant put NFT on OPreturn you can add dead weight junk via 80byte limit per opreturn. to bloat up the blockchain.. but no u cant do nft on opreturn because you cant spend opreturns thus again they are not NFT
when will you even dare try to learn basic economic, bitcoin and logic things.. you have wasted months ingoring the ability to learn to instead just recite culty crap advertising of scammy systems
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There will always be buyers, no matter the price of Bitcoin. Even if Bitcoin is 1 bitcoin to 1 million dollars, people will still buy and hold.
this is not true .. there is always a window of value>premium in 2021 the window was $10k-$75 this is because for instant the top number is the amount it costs even the most laziest hobby miner in the most expensive region to mine bitcoin. meaning if everyone on the planet can mine for less than $75k no one will want to pay too much so the market price topped out at about $70k because less and les people were willing to buy until all buyers stopped. so it didnt go higher in 2022.. the window was $15k-$90k but most people in the expensive mining cost countries were more interested in sorting out their fiat lives so hardly any people with what would be natural mining costs of over $50k wanted to just buy bitcoin which is why there were no people paying above $50k its now 2023 and the window is about $23k-$140k but right now everyone is happily buying cheap and there is not much demand to pressure the price to go up. because there is a excess supply pushing the price down to try to keep it below $32k so far this year. (mostly from whale doing shorts on other markets thus pressuring the spot market to ensure their shorts futures market bets fulfil..) everyone is happily buying cheap coins that are being held down by whale traders. but once their contracts ends. then natural trade speculation could push the price up. where $100k is possible this years but anything above $150k would require higher mining costs to warrant people to want to buy at such rates right now so far this year there is no logical/economical/infrastructural reason anyone would want to pay over $200l becasue anyone/everyone on the planet can mine for sats at the rate of under $140k so no one would want to buy for $1m right now not unless the underlying mining costs went up by many multiples to equate to a reason a region on the planet find it financially beneficial to buy coin at such a rate rather then mining it
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shhhh dont tell the world about the BIS(bank international settlements) and how its developing the m-bridge to link all the new CBDC's together https://youtu.be/58_lJ-9oblc
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many people in this topic are shouting claims like "internet" "electric" "distance"
many of these rural communities in africa, china and india do not need cabled utility.. they have mini solar panels to charge cell phones which operate through cheap to set up cellular towers..
these days africa, india, china have faster more reachable internet than villages in the US/UK
these unbanked people in china. africa, india do not have traditional bank accounts needing to be set up in traditional bank branches.. instead they also bypassed the infrastructure of needing to build things like bank branches.. instead they use non-traditional payment services.. such as m-mesa/alipay.. thus although unbanked. they can and do have access to the internet and cellular to make payments..
after travelling to many countries for years the hindrance of bitcoin is not technology.. but the political game plays of devs thinking that fee's need to be more then a coffee/pizza just so that it promotes people to move away from using bitcoin and instead into their corporate sponsored middle men service networks.
in short its the bitcoin fee that has become the biggest barrier of entry. not technology
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although the reward halves what you also have to consider this the most economical efficient mining cost to mine less coins because there is an ultimate bottom of planetary acquisition costs no one wants to sell below which this month sits at $23k(its a number that sits below the markets but supports the markets above it)
now this is where alot of guess work comes into speculating the futures especially when trying to plan out the next 5-10 years
initially if we were to say all electric costs /kwh stayed the same for the next 10 years. hardware cost, hashrate all stayed the same then the halving would mean 2x cost in 2024 and again in 2028 meaning if its currently $23k to mine the cheapest coin on the planet. it would be $46k in 2024 and $92k in 2028
however mining competition cost can change imagine hardware and electric were same cost per kwh.. but the hashrate increased 2.6% per fortnight meaning it would be 21 difficulty jumps of 2.6% or 65% in 300 days
would mean the day before the halving the min mining cost would be ~$38k which day of halving becomes $76k in 2024. yep $76k instead of $46k
now if you add in an inflationary 10% of electric cost which is about half of overall cost so a 5% overall increase. would be ~$40k just before halving which become $80k at the halving
so in a more hashrate increase scenario as just described. the baseline underlying value support can be anything from $46k-$80k just on these presumptions alone where by the actual exchange market prices then peculate above that baseline
so have fun trying to look at all the variables.. and remember hashrate can go down too
of course.. next gen asics can come out that could do 2x more hashrate for same electric or less so those numbers can also be lower..
have fun speculating or you can just quote the karate kid painting a fence 'upppp, dowwwn'
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