As your president, I will never allow the creation of a central bank digital currency. Isn't it obvious he's just saying the right things here? He's just trying to appeal to a certain set of people. Saying all the right things so he can get votes. This is so obvious because the traditional system is exactly the same things with CBDC. What does he mean when he condemns this and approves the other? Can't the government seize our money in the bank? What exactly is he talking about? I'd like to know why CBDC is worse than any other form of centralized form of financial transactions. If anything he should be for the CBDC and not against it because it might be better than the current traditional system. I wonder why people don't see right through him. Sleepy Joe fan?  I'm no fan of Trump or his incessant USD love, but you need to understand that the current fiat system doesn't have: 1) carbon credits 2) social credit score Care to do some research about these things? I wonder why nobody cares to address Davos' agenda. Am I talking to ChatGPT bots spamming the board for a few sats or what?  |
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I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.
Maybe during the next bear market (2026-2027)...
I don't think we're going to see 1 sat/vB ever. But that's just me. Are you saying that not only I front runners Blackrock on an asset class, but I was one of the few people in history moving the best money for 1 sat/vbyte? Not so few people  But I do expect to make ar least 10 sat vB transactions again. Otherwise, all those utxo with sub 3 usd value will be literally worthless. Probably billions of dollars That's why I'll never understand people who split money into multiple wallets & UTXOs. Small BTC amounts will be rendered unmovable if fees reach let's say $1000 (due to global adoption) and never go down ever again. They should consolidate UTXOs whenever fees are low enough again... It’s a trade off. Having too few utxo is bad for privacy. Everybody can link your UTXO together if you consolidated too much. Small UTXO means more costs, but also more privacy and more resilience to chainanalisys. Well, I can use XMR for ultimate privacy and BTC for hoarding wealth. Best of both worlds. |
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I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.
Maybe during the next bear market (2026-2027)...
I don't think we're going to see 1 sat/vB ever. But that's just me. Are you saying that not only I front runners Blackrock on an asset class, but I was one of the few people in history moving the best money for 1 sat/vbyte? Not so few people But I do expect to make ar least 10 sat vB transactions again. Otherwise, all those utxo with sub 3 usd value will be literally worthless. Probably billions of dollars That's why I'll never understand people who split money into multiple wallets & UTXOs. Small BTC amounts will be rendered unmovable if fees reach let's say $1000 (due to global adoption) and never go down ever again. They should consolidate UTXOs whenever fees are low enough again... |
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Honestly, I don't feel we need CBDC. We already have SEPA instant in EU... I can easily transfer fiat money between different countries/banks with zero fees. Do people understand that CBDC will introduce new variables (carbon credits, social credit score)? Are you going to justify that due to climate change perhaps...? |
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I highly doubt we're gonna see 1 sat/vB any time soon, but I hope I'm proven wrong.
Maybe during the next bear market (2026-2027)...
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Banks have SEPA instant these days. It takes seconds to settle a transaction... even between different banks/countries (within EU).
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Do they have social credit score and carbon credits? How can you implement those with physical cash? You evaded this question for some strange reason.
You are trying to say that the only way to eliminate physical money (ie. cash) is to create CBDC and if they don't create it they can't eliminate cash. I disagree and say there is no difference between digital banking and CBDC in that sense. If they want to eliminate cash they will do it with or without CBDC. You still don't address the social credit score/carbon credits questions... gotcha! |
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It could get even worse than that... with Digital ID (soon to be launced in EU) and the next pandemic (Disease X) they could also restrict your movement if you don't take the mRNA vaccines and even fine you in your CBDC wallet automatically.
Have you forgotten a couple of years ago Canadian authorities shut down people's bank accounts and sized all their money just because they refused to be jabbed by the unknown vaccines? Canada doesn't have any CBDC yet but they did the thing you explained very easily. Canada still has physical cash (CAD). It's not mandatory to have a bank account to use fiat money. It's optional. With CBDC you will be forced to install a mobile app from the central bank (FED, ECB etc.) Do they have social credit score and carbon credits? How can you implement those with physical cash? You evaded this question for some strange reason. |
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I think that such a model (if we are only talking about CBDC) will not be so easily implemented in Western countries because people still have some influence on politicians and their decisions, although there are always indirect ways to achieve goals, especially if you have the tools of the system and unlimited resources with which you finance everything.
Chinese models of controlling the masses have gone much further than finance, and include massive electronic surveillance of every individual - so you can get penalty points for practically everything you do wrong according to the CP - and those penalty points can prevent you from using public transport or anything other that the government controls. If someone had told you 5 years ago about mandatory lockdowns/masks/vaccines, chances are you would have dismissed it as "too authoritarian, this can only happen in China". Give it some time and we'll see (I sincerely hope you're right and I'm wrong)... |
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Trump cannot stop CBDC, nor go against FED's wishes, unless he wants to have JFK's fate.  CBDC will come around 2026-2027 with Taiwan's invasion by China. The collective West will impose sanctions on Made in China products (most solar panels are made there), Weimar-style hyperinflation will kick in and will destroy all fiat currencies (USD, EUR, GBP, CHF etc.) That will be the perfect opportunity to introduce CBDC as a "New Deal" for the economy, along with erasing public/private debts (which also means all public/private property will be confiscated as a compensation). Feel free to bookmark/screenshot this post for future reference. As for my opinion, I don't really see any difference between CBDC and what we already have with digital banking! It is exactly the same as far as the end user is concerned (centralized with full surveillance and user having 0 control). Not true. The current fiat money doesn't have: 1) social credit score (see China/e-CNY), 2) carbon credits (which will limit your red meat/gasoline consumption due to climate change). It could get even worse than that... with Digital ID (soon to be launced in EU) and the next pandemic (Disease X) they could also restrict your movement if you don't take the mRNA vaccines and even fine you in your CBDC wallet automatically. No offense, but I'm flabbergasted when I see Bitcoiners (let alone old timers!) being totally oblivious regarding CBDC dangers. I consider Bitcoiners highly educated in economics/freedom/politics, but maybe I'm wrong... |
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So far, it turned out that many issues can be solved without any hard-fork. But I wonder, what will happen in 2038 or 2106. Because those two dates could cause 32-bit timestamp overflow, and some nodes could crash, so any "upgrade" would mean "hard-fork" from their perspective. But we will see. So the earliest hard fork should happen around 2038? And what's the motive behind 32-bit timestamps? Did Satoshi want Bitcoin to be compatible with 32-bit x86 CPUs? (could make sense back in 2009, not so much anymore) |
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What part you don't understand exactly?
The BTC network is decentralized, which means ASICs can turn on and off regularly on demand (depending on power sources).
Yeah, right, no! Mining is a business, ASICs are like airplanes, you stop then (you ground them) you lose money! And it has nothing to do with decentralization, that's the blockchain, this is $! You do realize that even with coal/gas/nuclear power sometimes ASICs are forced to shut down due to energy shortages, right? That's part of the business... If you want 24/7/365, make your own uninterruptible power source. When you depend on someone else, you'll be forced to follow their mandates. Regarding the energy mix, I never said they don't use coal/gas/nuclear. I said 50% comes from renewables, which means the remaining 50% comes from other sources (coal/gas/nuclear). There's nothing to debunk here. |
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According to gmaxwell, a notorious BSV pedophile is behind BRC-20 spamming: Up thread it's noted that the source of the funds has heavy BRC-20 activity and I've been told that Ayre has been significantly funding BRC-20 activity. How come they don't use BSV, since it can support more transactions? |
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And yet, some people insist there is no conspiracy against BTC to bump the fees... |
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I thought many BTC miners (over 50%) got electricity from renewable energy sources. The renewables are the problem. Just *how* do you think being renewable would help matters??? And what does that have to do with power shortages? Answer: Wind & solar power is highly variable and bad weather causes numerable problems such as what Texas is currently experiencing https://www.telegraph.co.uk/us/comment/2024/01/16/green-wind-solar-energy-freezing-texas-power-grid-blackout/ Only Nuclear and fossil-fueled (gas of course - not coal) power plants are able to run regardless of weather (and at night). Sorry Greenies but your unrealistic goals of zero-emissions for the world just cannot work. Reality can be a bitch eh?  Considering the massive mining farms located mainly in Texas and a few in other areas of the US like Nebraska and Montana - all of whom have agreements with their power providers to cut back their mining when power is needed elsewhere in the state - of course the hash rate is way down. Are you dumb or what? I'm a Net Zero critic. Calm your titties. Regarding renewable energy and BTC mining, I believe it's a good combo, since ASICs don't have to run 24/7/365. It's not an industry that produces cars/food or something like that... You could have solar-powered ASICs dispersed all over the world and they would work only during the day. Not a big deal, since there's always a certain place that has day, while others have night. Hashrate would fluctuate a bit of course, but BTC can handle it. Wind mills also tend to provide plenty of electricity during the night, so that's another alternative to keep the ASICs running during night hours. |
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