Bitcoin's monetary policy reminds of the Austrian school that focuses on individualism that's, as they say, what causes all economic phenomena. It's the exact opposite of Keynesianism, because it's money whose supply and policy can't be altered by anyone effectively. Keynesianism means the involvement of the state authority in balancing the economy, second, it relies on deficit spending as a counter to market realities, theoretically everything about it goes against what Bitcoin has been portrayed as lately. But, with that said, Bitcoin was originally created as a way to send value without a third party being involved and without having to rely on a 3rd party to manage your funds and have them locked up without your consent, neither of these would actually interfere with a government financing their economy with debt. Anyhow, true Keynesianism and not the new revised theory was much about unemployment, fixing capitalism, throw in the period in which it was envisioned and from those resemblances with an always failing system you can guess why it will end just like that And, if something happened, and it became the world's main currency, do you believe we'd have to face outcomes similar to the Great Depression of 1929? We could face outcomes like these even with the current system, out of control inflation leads to demand destruction, severe demand destruction leads to the same scenario, if people are unwilling to spend during a prolonged period even with money injected into the economy the same will happen again and again. I don't see how Bitcoin could become the world's main currency before we would have to face reality and understand that continuous growth is unsustainable and we would be faced with a normal decline in consumption and production as a result of the population decline by that time, so, a problem that we will never have to deal with it. |
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Pushing the numbers to 2030?  Crypto.com was saying that we would be reaching 1 billion by the end of this year back in January: Staying cool: Is crypto snowballing to 1 billion users this year? Also, this:  According to this if we look at world numbers we would already have 500 million users only in the 18-64 group. Another thing.. Stop spamming your website and link to the original source where you've copied the text from otherwise you're going to get banned for plagiarism and word spinning: https://cryptopotato.com/1-billion-crypto-users-in-less-than-10-years-research-says/A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its early days. If the trend continues, the total number of cryptocurrency users should tap one billion by 2030, the entities asserted
According to the research, crypto adoption is still at its basic point as only 0.3% of the total individual wealth is distributed in the asset class. In comparison, 25% of people’s funds are allocated to equities such as shares of private companies.
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Are they finally giving the people what they asked for by filing insider trading lawsuits against politicians, FBI agents and investment bankers?
The timing of this move is interesting. The suit being filed in new york is interesting as well.
There is no "timing". Chris Collins was also a congressman from NY and was convicted in 2020 for something happening in 2017, if it weren't for Trump's pardon he would still be in jail. Duncan D. Hunter was also convicted in 2020, again...Trump... Jeff Fortenberry was just sent to prison for lying to the FBI about campaign funds, you could take any of those stories and try to make something out of it but there isn't any conspiracy behind this, they all just happen now and then, and if you don't look int he past you might think this is an extraordinary event when it's actually not. All I do understand is that the GameStop stock, brought the shares at a much higher price and then crashed the market knowingly, which then ended up putting the price lower and then they again brought it at a much better price,
Where did you get the idea that this is about GameStop and that buy low / sell high thing? Nothing like hat happened in this case! |
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That is not what a ponzi is. Banks make unsecured loans all the time and are generally successful in doing so.
Because banks have a different model when handling unsecured loans and unlike Celsius, they have a way to get that money back, Celsius loaned money to people that might now even exist at all with the amount of fake complete identities that are sold for 50$ right now. A ponzi is a scam in which previous investors are repaid by future investors investing more money. That is not what is alleged to have happened in the case of Celsius. What appears to have likely happened is that they made risky loans that turned bad.
Alleged! And it can also be alleged that they paid, as o_e_l_e_o mentioned extreme rates upfront, and I might add, even before that money would produce anything just in order to increase their customer numbers and amount of funds on hand. Seeing that they've inflated those numbers by at least 5 already, this is another hint at them expanding without any proof of actually having the deals that generate the revenue keeping the pace. I don't think we know how long Celsius was having liquidity problems for. I don't remember seeing anything about withdrawals being delayed longer than normal until they were outright halted.
Nobody has problems until they have problems! I'm really getting curious why you're clearly defending their way of doing business without knowing for certain a single fact but at the same time, you completely deny any other scenario for this just because there aren't any solid proofs. There was chaos in the altcoin market immediately prior to Celsius halting withdrawals. TerraUSD and Luna were both crashing, other stablecoins were trading under $1 (temporarily), and many altcoins were declining heavily. It wasn't "immediately" prior but almost a month. Interesting, you can see the imbecile right here, after the Terra crash advertising both lending, staking, and their new card product as if nothing has happened. So, it's one or the other - Celsius had no problem caused by Terra and the reason for the fall is a Ponzi scheme - The reason for the fall is Terra and the altcoins drop, but their CEO is a lying PoS, and if he knew he is insolvent at that time him trying to advertise his business to attract customers was surely a way to plug the hole, which is again a Ponzi way of dealing with losses. |
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The glass alone can't resist the impact of ice the size of baseball balls, you need sandwiched reinforced one, and clearly, from the pictures that ain't one, it's not even tempered glass. That's why I recommend PE solution on top of that, it will take the initial blow and it will prevent much of the impact, if you're living in a dangerous zone you can renounce glass at all and go for double-layered LDPE, extra 20cents more on sqm and you get the UV resistant one which will not degrade even in 5 years of exposed sun, we have that on top of our normal PE sheets and it has withstanded everything to date, from rain to hailstorm to crows. You must be aware that some plants cannot bloom and form fruits if the temperature does not suit them, so for example, we do not plant green beans in spring at all, but in late summer, which is more suitable for them and they produce good fruits in autumn. Well, green beans will be more prolific now with this warm weather, you could theoretically plant them in March since I doubt the soil below 30cm in southernn Europe is still frozen by that time, probably in excellent conditions you might be able to harvest it even before the first summer heatwave in July. For others, yeah, it's going to be the end of home farming, I doubt anyone would be able to grow watermelons, cabbage, cucumbers or any other fruit or vegetables that have a late harvest schedule and requires tons of water, we've stopped growing the normal tomatoes and gone for the roma of plum type, rather change a bit the taste than have nothing at all. Looking back at this topic, probably best to read it in spring or late autumn when the weather is nice, everything is fine, and everyone thinks that farming is fun, if you read it after getting back home from 40C outside all tried and sweaty from just walking reality kicks in, farming is a pain in the ass, it will always be and home farming is fun just for a few days while you know that if it goes wrong you can still pull the phone from your pocket and order a pizza in 15 minutes. |
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I'm sorry that SOME of those videos were fake, or not the actual protests as the narrative of those tweets,
All of them that are labeled as being from Europe! So you know some are fakes, some are a decade old, some are out of context but you make zero effort to delete them as it would destroy your FUD? Just out of curiosity, how does it feel to be labeled with serious proof as a FUD-ist? Karma is incredible sometimes. BUT it doesn't mean
Back in the communist times, there was this joke about radio Yerevan: -Is it true that Rabinovitch won a new car on the lottery?”,
and the radio answers:
- “In principle yes, it’s true, only it wasn’t a new car but an old bicycle, and he didn’t win it but it was stolen from him.” Just like your Twitter proofs. |
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I am curious why instead of selling Bitcoin to fiat or converting it to fiat currency like USD and donating, they directly use Bitcoin to donate?
Maybe because those bitcoins were seized and they had to be sold, like anything else that governments seizes so I doubt that they can just send the bitcoin even if they wanted to. Yeah, that's the reason why, it's the legal aspect of it and the bureaucracy involved. It's easy for a country to send aid when it's in $ or euros as that's a sum, it's easy to give away stuff from government reserves but those were seized funds, so they couldn't just donate it randomly, they need to go through this to establish it's valued due to the origin of it for in case of a further or unexpected development in some of those cases. You could donate a car as it has a catalog value but you can't really donate shares in a company or assets that change their value by 50% between the two stamps on the paper. I'm very happy to see that much amount of money going to Ukraine for better cause (or not may be used to buy weapons) which seems to similar criminal activity as well.
Since when it's a criminal activity to help someone defend his country? It would be nice to know how the Ukrainian Gov. will use those $47 million... Because i have the feeling that they will be used more weapons and not for help the people affected by the war.
Oh, what a bad choice, getting weapons to stop Russians from killing people! I wonder what would you choose if your home would get vandalized every night, people getting you new windows every day or a shotgun to get rid of the mofo who is terrorizing you? |
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It was nice to remember how everything was beautiful and green in the spring, and now, unfortunately, the heat waves are destroying everything in front of them, regardless of all the effort. Anyone who tries to grow their own food under these conditions really needs to be incredibly persistent or as some would say a little crazy.
Solariums. Despite what some believe that they are meant to keep vegetables as exposed to the sun as possible and warmer in spins/autumn they are also pretty good at dealing with every extreme weather also, be it rain, hailstone, and even extreme sun. If you have a glass solarium and you don't want to spend a fortune on the reinforced glass all you need is some cheap rolls of standard white 0.5 polyethylene that you can simply pull from the rooftop down to the ground. If your solarium is already made out of a bit higher quality LDPE then you're set, all you need for your plants is to avoid direct radiation at peak sun times, otherwise heat alone won't do any harm to them. And if you think of esthetics, there are a lot of them who ware works of art, looking far better than some houses! Unfortunately, people are increasingly becoming some kind of techno zombies who spend more and more time looking at screens, instead of trying to deal with other things. Large corporations produce food that is unhealthy and poisoned, poorly paid workers put the same food on the shelves, and then people like ants grab that food and deliver it to their homes.
You're not going to like it, but int he near future even the farmers will be looking at screens, J&D just brought their autonomous tractors CES, our company has in plans to test by 2025 the first full autonomous loader /unloader in one of our logistics centers, and delivery will probably start being dominated by pi-cup delivery locations like those safe boxes that have been popping up like mushrooms from Denmark to Bulgaria. Evil tongues say that this is the work of Putin's secret climate weapon, but I think this is the consequences of the accident in the Gulf of Mexico in 2021, which almost killed the warm Galstream current,
Some angelic tongues say it's because of what's been happening for decades at Karachay, quite coincidentally is in your region so that might explain a lot of things |
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Can you read properly?
Yes, I do! This is what I wrote: I've made a mistake with predictions I posted. I've found there is some error in the code and function for future prediction is not working properly.
Basically what happened, model predicted the test data, not the future, so technically it was not a prediction.
Currently, I'm able just to post next day forecast, until I fix for the multi days function.
Again how do you call guys that claim they have a tested system with 90% accuracy that flops from the first try? Why are u taking it out of context?
Can't you read properly? I already told you my problem is not with your failed prediction as I already knew those numbers will not be achievable ever, but with the fact that you quoted a correlation with the real numbers on the market which were definitely fake! You can go back to your post where you claim that Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation. and tell me where you got the "real prices" of 19970.56 and 19970.56 since it never went below 20k since mid-14th. |
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I'm not sure if you are familiar, but if you sell something you get money, and if you sell it a lot of times, you get rich. Crazy, huh?
Yeah just how some authors make millions selling lottery earning schemes or how some Kiyosaki made millions selling books giving financial advice when in reality he himself went bankrupt twice. Do you know what people call those? I predicted last 5 days closing candles in advance, what have you done in that time, except making 'trying to be funny' hamster trader posts.
First, don't talk bad about Mr. Goxx, that hamster had a proven record, documented, and he has made real money with real transactions. You said you were being able to predict 5 days in advance, your first prediction was not only off but you came also with fake numbers for the assuming real price.. Take a look, predictions I posted and real price for the 4 predicted days; 100% correlation.
19937.01
19381.30
20040.58
20372.07
19970.56
19323.91
20212.07
20569.92
This is the data for the days of 16-19 Jul 19, 2022 $22,467.85 $23,666.96 $21,683.41 $23,389.43
Jul 18, 2022 $20,781.91 $22,633.03 $20,781.91 $22,485.69
Jul 17, 2022 $21,195.04 $21,600.64 $20,778.18 $20,779.34
Jul 16, 2022 $20,834.10 $21,514.40 $20,518.90 $21,190.32 What you claim to have happened never happened. So since neither the opening, closing lowest, nor highest was anywhere near what you predicted. You predicted the first day wrong, you went for lower the next one and it got up, and you missed the growth between day 2 and day 4 by a full 100%, going for 1000$ when it went up 2600$. So, it's in the range of hamster accuracy. |
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Bitcoin energy consumption depends primarily on the cost of energy and the value of the block reward, and efficiency affects neither of those. Not sure if I understand this sentence. Isn't efficiency strictly correlated with the cost? If you find a more efficient way to calculate the hashes, it means you've found a cheaper way. What he is saying is that the reward dictates how much money miners could theoretically spend in order to keep being profitable, the reward is the cap on energy consumption. Efficiency matters only in terms of hashrate generated with a $x reward per block, or for personal finances not global. If using the same amount of energy, all the miners upgraded to more efficient devices, difficulty would increase and, therefore, so would the energy required per bitcoin (AKA, energy consumption).
No, it doesn't work that way, if everyone would replace a gear rated 300W and 100th/s with one rated 3000w and 200th/s the consumption will not grow, the margin rate will neither since you get the same share for the same cost, the hash rate will go up but without increased energy needs. The income per th/s vs cost per th/s generated is affecting global energy consumption, if the revenue is higher more miners will put gear to mine, if it goes negative so does the hashrate, as it's happening now. |
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I will be shocked if the most sophisticated AI in the world can give you up to 20% accuracy. The only way it could succeed is if it's stealing from the one who controls the market.
You don't need anything sophisticated. Just this:  put in hamster in and you're going to beat S&P earnings. Proven! Also, R.I.P. Mr Goxx, the cutest trader in the world. Hi,
I reserach and extensively use AI and machine learning for trends prediction in bitcoin and other crypto's as well.
The model is built using cutting edge algorithms and it is capable of predicting 5 days ahead with more than 90% accuracy.
Yeah right, and why are you selling these magic golden goos rather than taking advantage of it and making yourself rich without a care in the world? 5 days ahead and 90% accuracy, common, if you would have said something at least dreamable you would have found yourself a sucker by now, throw in some genome mapping and supersymmetric theories to make it really unbelievable.  If forecasting was really a way of making money in the crypto space, then we could also say that the crypto space has been converted into a gambling ground where anyone can just come in, make predictions, win a certain amount of money and leave the market.
If forecasting was real and with that accuracy, it will not resemble gambling at all, it will be like getting paid two-to-one odds for bets that are 1:1.1, minimizing the risks with a guaranteed 9 in 10 wins, which is not at all gambling, it's like shooting fish in a barrel and using and RPG for it. Crypto itself is already gambling, and probably worse than that, at least in sports you're only concerned about the adversary, there is no chance a war might reduce your funds by 75%, some twitter guy posting will make all your players miss, and it's not like a basketball match played one thousand miles away will affect the result in your boxing match. |
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But regular Coinbase is market trades only and they still get your spread I think..
They probably have a spread bit of their own to make that profit.. You think?
Yes: A Coinbase One beta subscription does not apply to Advanced Trading, Coinbase Pro, or Prime Broker. Coinbase includes a spread in the price when you buy or sell cryptocurrencies or in the exchange rate when you convert cryptocurrencies. If they had this for CB Pro I’d probably be all over it..
As above, not going to happen right now, at least not with this beta. I LOVE zero fee trading because I can make tons of tiny % gains quite easily (usually)..
Wash trading, fake volume, whatever you want to say about zero fee exchanges, it is what works the best for my trading style..
It's not unlimited trades: There's a fee-free trading volume limit. When you trade over this limit, you're responsible for paying regular trading fees. The limit can be found in your account settings. So probably you will get the same deal as in an all you can eat menu for 30$ but they will stop serving you anything other than water when you go over 50$. Oh, and it's a recurring charge, if you forget about it you might end up getting charged month after month for nothing. |
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This person bought from me Binance account. Before buying I sent you the account details to check it. He told everything is good and paid for it. I asked him to change phone number and email of the account on his own because my email which was attached to the account I use for many accounts which I sell.
Let me get this right, you use the same email to create multiple accounts? Really? So in case any of your "customers" really screws up badly by doing some money laundering tens of your other accounts will be connected by an email search? While I was sleeping he made 2 BTC transactions in that binance and successfully withdraw them via P2P to his bank account. Just two transactions using BTC (both for $40). Here's the screenshots of his P2P deals on some Ecuador bank. I don't even know this language they're talking about in P2P chat:
How could you have logged in and seen his transactions and why do you still have access to it? This is a real red flag for your business, even if we talk about creating fake accounts. People who worked with me from this forum know that I'm a legit seller and looking for long term partnership. I am not a fucking schoolboy who would ruin his business on the forum for a couple of bucks
Says the 20 days old account. The other thing: https://bitcointalk.org/index.php?topic=5406559.msg60582321#msg60582321In short, I bought a verified binance from another person for my needs. A couple of days ago, this account requested re-verification and blocked the ability to withdraw funds. And I can’t go through re-verification, since the acc was verified for a person with whom there is no connection. And on the account is about $ 1000 (mine) So, you're a legit seller of verified accounts and you buy accounts from somebody else for your personal needs? Common, just drop it, there is nothing legit in your type of business and there are a ton of shady things happening here, not to mention you advertise full legitimate EU account when your accounts are created with Russian credentials. Anyhow, OP, using a bought account to trade or what's worse even to withdraw money to your bank account is asking for far more trouble than 70$ is worth. |
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So, my point is that even being a niche, the chips industry community is paying more and more attention to the mining industry!
Samsung has been making chips for ASICs for years, it's not something new, it was a demand that has driven up prices for those and that's what caught the attention of foundries as mining gear manufacturers were able to pay a heft premium for each chip. Now that revenues from mining are 1/3 of what they were it means less income for miners, less expensive gear being sold, less revenue per gear, and less money to overpay for fabs. I think they are paying less and less attention since they already know energy prices are pushing miners out of the game and that in order to sell thems you need to make stuff that is both profitable for you, for the manufacturer, and for the miner. When selling a phone, you don't have to go through all this math, and phone sales won't drop by 50% cause some idiot Ponzi schemer ran a company into bankruptcy. Also, you don't change your ASIC because this year's new model has a better camera and more battery life or a better screen! We see graphic cards main goal is gaming and heavy processing applications but the market also has plans for mining shitcoins with them.
And we see Nviaida limiting their cards to be less attractive to miners.... 3nm is years away from being used in miners.
No matter how important we like to think we are, mining chips are small runs at best compared to what is needed in for other applications.
With TSMC alone selling in one year 7 years of bitcoin mining revenue worth of chips it's a tiny drop, maybe not in the ocean but still in quite a large beer stein. |
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It has been suggested that the address may belong to Gemini or Bittrex: Blockchain parsers show that "1FzWLk" interacts quite often with "1P5ZED" transactions. "1FzWLk" is also marked with a note on oxt.me as an address associated with the exchange. “[1FzWLk] is signed by Whale Alerts as Okex.
However, primary and cluster spending suggests closer ties to Coinbase and Gemini oxt.me is just as bad, one user one opinion, 100 users 200 opinions. Anyhow 1FzWLkAahHooV3kzTgyx6qsswXJ6sCXkSR can't be Saylor's wallet as it was active during the period Saylor still believed BTC was crap, second, there is no way in hell any personal wallet would get in and out 5-25 000 coins from Coinbase like it did these days, it's just one of Coinbase wallets. 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ started receiving funds in February 2019, against it couldn't be Microstragery who purchased (according to their statements) bitcoins first in August 2020 Second, I would be amazed if both Microstrategy and Saylor would be keeping all their coins in a single address and even if it were a single custodian. I was pleasantly surprised by the LUNA Foundation's bitcoin purchases . If the hype for bitcoin-backed algorithmic stablecoins starts, Bitcoin Treasuries Holdings could grow in earnest. NEAR is also rumored to want to release something similar. Stablecoin's capitalization has grown to 160 billion in the last 2 years. This is a very progressive market direction.
This didn't age well at all, unfortunately... |
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Sometimes I do just feel people (not necessarily yourself) lack a basic understanding of statistics, thinking that one indicator or another can 100% predict a bottom, instead of realising the basics that it doesn't matter how accurate something has been up until now, it only makes it accurate to a certain percentage that will always by default be less than 100% (otherwise it wouldn't be statistical but a form of fortune telling).
Ok, then let's test those statistics... Out of all your, how do we call them assumptions, predictions, analysis, coin tosses, drawing, how many have proven to be correct, statically speaking? Because I clearly remember how 30k was the bottom, 25k was the bottom and of course, I will never forget 100k by 2021!  The moment you nail 2/3 of the predictions it means just that the coin you're tossing is dented and you're lucky. You say that, but 4 out of the 5 times the indicator has left the so-called capitulation level (>0%) then the bottom has been in; 2011, 2015, 2019 and 2020. Only in 2014 price re-capitulated after returning to "hope/fear". So in very simple statistics, without accounting for any other variables (as obviously this indicator doesn't do this), then it's only 80% accurate at best (4 out of 5 times correct). Oh yeah, it was 80% accurate, what an achievement, but there is one tricky thing about it, when was this "indicator" discovered? I have a feeling that it was in 2020  So it's not an indicator as much as a historic pattern, and if you can't figure the difference between those two you should go over the first sentence, I don't remember it well, you mentioned previously something about understanding statistics  For sure this indicator is far from perfect, it should really be "realized price" as opposed to the actual realized price. It definitely mis-counts all consolidation or breaking up of coins by the same owner, such as exchanges most notably. Fortunately exchanges move around coins so quickly (same day usually I noticed) that it wouldn't affect this "realized price" as much as you think it would.
Bruh, I just gave examples for exchanges, and if that is not enough then how about casinos? What about bitcoin tumblers? Do you know what volume can somebody trying to mix 1000 coins can generate? Today you have 300k coins getting transferred (not counting change), you honestly think even 10% of those 6 billion!!! are coins that have been "purchased" today? |
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Looking at the top 10 coins, oh god... Three of them totaling 140 billion are "stable" coins, two are centralized garbage (BNB and XRP), and another 60 billion, one is a meme coin worth 10 billion. just scroll down a bit and I saw another Shiba face so, not even bothering looking at the rest! Bitcoin is now above $23000 and that was what I was referring to when opening this thread yesterday.
When you opened this thread you somehow miraculously managed to forget everything about Bitcoin and didn't mention it even once, but you took your time to mention some garbage nft that uses some garbage protocol and claim this is what caused the "bullish" wave when in reality nobody cares about those shitcoins. The fear and Greed index also moving to positive side.
Another thing that didn't happen:  |
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Of course, this is not a trial about establishing Celsius is a Ponzi scheme, but the results and evidence presented will matter if there are any follow-up lawsuits.
Follow-up lawsuits? Celsius has negative equity. There is no money to be given to plaintiffs if they lose any lawsuits. That's exactly what adversary proceedings in bankruptcy are for. Second, the lawsuit on hand is also against individual defendants if found guilty of misappropriation of funds in the process there we go again, it's another case. This could have been because they made a number of loans not fully secured by collateral
As I was saying, you give away money, you have no collateral and you pay interest hoping you will get your money back with interest on top of that. Ponzi's macaroni factory! |
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