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3401  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 11:08:53 PM
those three examples are not user node consent (consensus)
you are the one in different posts and topics saying:

-there was never consent and trying to prove it
-you then say users get the choice by deciding not to run the software
-then you say core can do what they like and add what code they like and no one should stop them

funny part is
"it was PROPOSED" to be activated by softfork
you forget to include the whole conversations of back in those days

discussions came about how a soft consensus back then was dangerous so then it became a  need of 55% of miner adoption before activation. where miners had to run the updated software first and then flag they were running and ready to activate it. before it would activate

years later
things now dont even require that.. because consensus has been softened multiple times where by this ordinals crap got allowed to occur


just because a trojan back door exists and every few years the door is widened. does not mean we need to put up with the crap and keep widening the door and letting all crap in

the 55% was also controversial
also as all those bips mention, there are risks of forks doing it their way in earlier years so they had to be careful..
where a consequence.. they eventually gave up trying bip12.
and also bip16 caused a fork(chain split)
https://github.com/bitcoin/bitcoin/issues/925
because yep softforks went bad in 2012

oh and also if you dare read the bips.. you will read things like
To gracefully upgrade and ensure no long-lasting block-chain split occurs, more than 50% of miners must support full validation of the new transaction type and must switch from the old validation rules to the new rules at the same time.

To judge whether or not more than 50% of hashing power supports this BIP, miners are asked to upgrade their software and put the string "/P2SH/" in the input of the coinbase transaction for blocks that they create.

If a majority of hashing power does not support the new validation rules, then rollout will be postponed (or rejected if it becomes clear that a majority will never be achieved).

which with both the fact that the lower threshold(55%) caused problems and that it requires node readiness to verify..  is why they raised the limits to 75% and the 95% (ISM) (Is Super Majority 75% then 95% (oh this was in 2012 too))
after the attempts of lowering the requirements caused issues.


but
then years later the trojan adorers wanted to just not require any % and just let anything in by pretending soft consensus was error free (it was not, but trojan adorers dont like that being discussed)


so the way things are done now... do to them getting their way since 2017
the CONSENSUS SOFTENING lately is not about fork risk. because it just makes old nodes LIMP/ FOOL nodes that dont validating new stuff (thus not even a true backward compatibility)

something that has been controversial for years

but doomad doesnt like anyone talking about that, he just wants core to throw anything in untested and unverified
3402  Bitcoin / Bitcoin Discussion / Re: Is the US government about to sell over $1 billion worth of Bitcoin? on: March 11, 2023, 10:42:19 PM
My guess is that the part they sent off to what seems to be a Coinbase controlled address is going sold off, though I’d presume they’d do it OTC there.

not all coins going to conbase end up on the market

some use it as a unofficial custodial service by just keeping balance on account

and some professional institutions use coinbases "vault" service for official custodial service
3403  Bitcoin / Bitcoin Discussion / Re: What happens when your identity is stolen -- real story || Avoid CEXs! on: March 11, 2023, 10:02:33 PM
here is the thing
(i am not promoting CEX or denying utility of de-fi. i am being frank and rational about identity theft using observations)

the OP's story is not about identity theft related to a CEX..
the OP admits to this in his first sentance..


here is one thing i have seen happen in the past related to de-fi/localbitcoins(services like craigs list of buyers/sellers with a escrow service included)

when doing private bitcoin-fiat swaps with random strangers.  independently of a central market orderbook

some strangers steal from each other by doing chargeback scams

chargeback scams are where you would buy btc with fiat and then call your bank and claim someone falsely used your account to pay some scammer.. .. thus get a refund on your bank transfer and give the btc seller a red flag. resulting in them having their account closed
(many people had their accounts closed and it gave a bad impression with banks about bitcoin traders)

this then caused many bitcoin sellers to start requesting KYC on these de-fi methods of trading to prove the transactor is the bank account holder to use as evidence that there was no false transfer. thus avoid this drama of accusation

then malicious people using the kyc request ' new norm' experience people had to go through.. started requesting KYC and then selling the data to others on the darknet

and then those identities were used for nefarious purposes

yep
this is why many banks disliked bitcoin traders in the years 2013-16 of localbitcoins
this is why when the kyc stuff started up in 2016+
this is why many users stopped using local bitcoins more recently
this is why localbitcoins closed down even more recently

you will find the 2020 new "de-fi" crap will cycle through the same experience as localbitcoins
scamming for value. KYC to protect traders.. then scamming for identity. then people disliking and losing faith in the latest versions of de-fi
3404  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 08:20:32 PM
you are instead promoting how core can throw things into bitcoin network protocol where users cannot vote, decide if its suitable for the network
Vote for what? Everybody can be in favor of the change by running a Bitcoin client with that particular change enforced.

consensus WAS
users vote for a change by upgrading a node to have the rules ready to verify the change BEFORE the change occurs (before activation)
where the activation occurs because the network is majority ready to verify the change(good security)

however
core managed to mandate new code to be accepted. which has now allowed them to change the rules and activate whatever they want without needing the network nodes to be upgraded to be ready to enforce said rules

please take some time to learn consensus
learn what made bitcoin unique compared to old stuff cypherpunks were trying before bitcoin
learn what bitcoin solved and what its function was. and why certain security features were in place

then learn how the softening of consensus is a bug that allows code to be trojan activated without consent of the majority

like this ordinal crap that is happening due to the bug core put into the network
3405  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 07:46:27 PM
i am speaking british. i do not need to "select" because i do not use a translator
it is YOU that does not understand enough british. also your translator YOU use is not a good one.. so find a better one

oh and by the way.
i actualy tested myself.
i pretended to not know the british english dialect called cockney rhyming slang and guess what it took me less then 25 seconds to translate it into google limited translation

so if you dont understand something, take atleast 25 seconds out of the waste of time social drama life. and try to learn something

this is a discussion forum
not a university english course lecture hall

do you understand the difference
if all you can respond with is grammar nazi debates.. you have been the one that has failed in this topic, by derailing it with such idiotic responses

so back to the topic

ordinal memes are not an NFT, they provide no proof of transfer. and thus anyone buying them off a meme creator is being scammed
also
ordinal memes are not helping with transaction count scaling nor transaction utility/affordability for many. thus not benefiting bitcoins purpose

there are ways that a bitcoin NFT can be made using features as old as a decade but idiots supporting these crap memes and wanting them to continue by pretending its censorship to try to keep bitcoin as a value transfer system instead of a meme library.. are idiots that dont understand bitcoins real purpose. dont want bitcoin to keep its real purpose and instead of making the schemes you do adore actually work. you instead want to argue about grammar with those that are saying that your schemes dont work

this is not an university english course lecture hall
its a discussion form
learn the difference


oh and by the way
UTXO PSBT LN HTLC are not words spoken in real world english. yet you use those words all the time... hypocrite

and last thing
if you are going to ignore the content and context of such content, simply because it does not begin a sentence with a capital letter and end a sentence with a fullstop(period) .. then that is your ignorance you have to deal with

and no dont cry and knit pick that i use '...' too much. i can speak how i please. especially becasue i am speaking english

dont bother replying with more off-topic grammar crap, instead use the time which you would have wasted on your grammar cries, to instead learn something
3406  Bitcoin / Bitcoin Discussion / Re: Did anyone saw the New Bitcoin Advertisement? on: March 11, 2023, 07:41:10 PM
I don't know how someone concluded (question for the OP) that this is any kind of advertisement for Bitcoin? I have never heard anyone mention Bitcoin anywhere, or seen a logo for it in that advertisement. Furthermore, it is not about the US financial system flaws, but about the flaws of the entire financial system of the world.

According to the last data I saw, that CEX supports as many as 128 altcoins/tokens, and it doesn't matter to them (like all other CEX) what people buy, it's important that they as a company profit from it. Don't be naive, this is not an advertisement for Bitcoin, nor are they better than any traditional bank.

In the end doesn't it shows Bitcoin as a solution. Please go to Coinbase Twitter handle, it clearly states why this advertisement is relevant for the US. I am quoting it for you!
Quote
2/3 of America thinks the financial system is overdue for an overhaul.

It’s time to update the system 🔁
I am suprised none of you guys replying to this thread have questioned the timing of this advertisement. If some one had done some research then most of us would have understood why this advertisement was released and why USDC withdrawal have been halted. On Coinbase.


so you agree even on their twitter it still does not mention bitcoin.. but is about stable coins and fiat

funny part is coinbase is a custodial system.. just like fiat banks

coinbase advert is not saying anything about blockchains and p2p which does not require custodians. instead its advertising its custodial system
3407  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a store value in comparison to traditional assets on: March 11, 2023, 07:32:47 PM
seems instead of someone just reading the topic and discussing the topic.. we have the plagiarism army trying to argue if posts should even be made

for those that are the plagiarism army. your time would be more fruitful trying to spot scam adverts for software that steals value/funds from people

find the people trying to get others to buy high, sell low
find the people trying to get others to hand them value but not give it back
(real loss of property/value)

oh and by the way chat AI is not going to sue anyone for using its text no value is lost no damages occur for someone discussing a topic. even if its not their idea.

the only damage is when what they discuss incurs someone following advice that causes losses.
so find the comments that can cause losses
3408  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 07:05:46 PM
i made no rules. there is no code forcing users.. no code you can find made by me that sets rules i am not telling the world to 'abide by my rules or else'
Because you're apparently unable to code, for if you weren't, this board would be floated with your code. Hell, you barely even know your mother tongue.

(core have the right to write anything they want into github.. but the majority should have the right to say no to code that can harm bitcoin on the active network..
Core has every right to write and publish anything they want in their repository, because it's theirs. You, me, and every other Bitcoin user has every right to reject the change by denying to run their software. You can't dictate what a developer can do, and neither can they to you. It doesn't go more freer than that. The more you talk, the more it seems that you want the devs to not have the freedom to code whatever they want.

1. you dont know english

ill say something in perfect english acceptable to english people

drop the dog and bone, because your trouble and strife is a basin of gravy, making a box of toys for bees and honey

translation just for you
put down your phone, because your wife is a baby making noise for money

cockney rhyming slang is a dialect of english. and something you dont understand
yes its a form of english.
there are many other forms.
if you cant understand english.. go learn

it is not my fault that google translate is a poor tool you use.

there are many dialects of english
your not a native so YOU have the issues understanding english. because of YOUR limited understanding of english

here is a simple example
tom@o tom8o.. sc-on  sc-own
if you want to just cry and argue about english then thats on you.. not me

secondly
core have put stuff into the network protocol.. that now allows them to put more things into protocol without needing users to opt-in
thus you pretending users can simple decide to not upgrade = no core activation is you and doomad yet again lying about how the bitcoin works now

its funny how in some topics:
A. you love promoting that it doesnt require users to upgrade..
then today in this topic
B. you say it requires users to upgrade to accept change.. or not upgrade to "reject change"
(you cant even stick to one narrative A or B.. pick one)

you are instead promoting how core can throw things into bitcoin network protocol where users cannot vote, decide if its suitable for the network

you dont want a decentralised network of consensus. you want core central authority

and by the way
THIS IS A DISCUSSION forum

yet its YOU and your forum wife that dont want people discussing things.. becasue those things you dont want discussed ruin your snake oil sales pitches of scammy things which you dont want to be stopped

..
read the topic
majority of individuals are against this crap and want it to stop. its only you few buddy group/forum family. kissing ass to each other and defending each other to want this crap to continue

if you want to pretend its only me that opposes this crap.. have a ready of the many topics of lots of people against it. then read how its only the same few idiots trying to defend its continuation

then remember this is a discussion forum so you trying to get people that dont agree with you to stop discussing things. is you trying to control things

all i say is go learn, go research, try to understand how bitcoin actually works now and before and how things have changed and what has changed

you lot just cry about some social cause of defending devs and wanting to keep them as gods in your eyes, even if it means breaking/removing/softening/exploiting bitcoin rules to keep them in god mode

FOR EMPHASIS
this is a discussion forum.. (you want people to shut up or f-off)
i am not the rule maker (you pretend i am, then cry that i have shown no rules)
you want to pretend you know it all but then you play ignorant

if you dont know something or dont understand something GO RESEARCH

but research is not asking your forum wife for an updated sale pitch script to recite
it actually involved independent learning from source data and code
3409  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a store value in comparison to traditional assets on: March 11, 2023, 05:16:47 PM
Been discussed for a couple of times. Bitcoin is profitable as an investment but as a store of wealth, it would be risky.

deflationary currency increases in VALUE over time
value vs price are different things

the store of value/wealth is not about future. its about the time YOU purchase

EG
if in 2021 (value $10k)
if you bought at the low of $30k 33% of your value/wealth is protected
if you bought at the high of $70k 15% of your value/wealth is protected

note
because in worse case scenarios.. the market bottoms out at value
meaning you are guaranteed to get to sell at atleast $10k (as proven after the fact)
thus the $10k of 2021 is the store of value no matter what you bought it at above that

this value line (below market)
is the 2017 900
is the 2021 10k
is the 2022 15k

the value long term goes up but always sits underneath the market
its people that then have to buy low to protect more of their wealth from the beginning.. to then not have to wait as long to break even/profit later

which is where the advice of: 'buy low sell high', 'buy the dips'
'buy the discount not the premium' and 'dont buy the high', 'dont buy the hype'

if you want to protect more of your wealth buy the low not the high

yes eventually if patient enough the value will slowly rise to protect more of your wealth due to deflation.. but you can save time and patience by protecting more wealth from the time of purchase. instead of waiting for time to give you break even/profit at the time of sell
3410  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a store value in comparison to traditional assets on: March 11, 2023, 04:52:52 PM
Talking about store of Value, a traditional asset like Gold is also a good "Store of Value" since the price rarely fluctuates as Bitcoin does in a shorter time frame especially in market trends like now however Bitcoin is also that (Store of Value)  in a longer time frame and even more of a Value generation when holding it for a long time too.

store of value is not the PRICE
value and price are separate numbers/measures/metrics


golds store of value
1970's value $200..  price speculation $260-$2.6k
store of value % was 70%->7%

2000's value $400..  price speculation $440-$2.2k
store of value % was 90%->18%

2020's value $800..  price speculation $1600-$2.3k
store of value % was 50%->35%

bitcoins store of value
2017 value $900..  price speculation $1000-$20k
store of value % was 90%->4.5%

2021 value $10k..  price speculation $30k-$70k
store of value % was 33%->15%

2022 value $15k..  price speculation $16k-$50k
store of value % was 95%->15%

ethereum
2022 PoW value $800.. price speculation $810-$2600
store of value % was 99%->33%

2023 PoS value $35.. price speculation $950-$1600
store of value % was 4%->2%


note how bitcoin and golds VALUE goes up..
however the speculative market above value. changes so people need to be aware of when to buy the assets (buy low, buy the dip) to secure more wealth into the values store

.. however note how ethereums value has gone down (pos transition) yet the speculative market is being held artificially too high (inability to 'unstake' to then correct the market)

ethereum is a BAD store of value and also a bad time to be putting wealth into it as the % is not corrected
3411  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 04:10:34 PM
note how i only used "idiot" today
and in other posts over the years "fangirl" "social drama queen"


 then note doomads insult slurry, all in one post today. yep the day he supposed to be civil
Quote
verbal diarrhoea  
deluded imbecile.
sociopath
fascist monster
twat

by the way
i made no rules. there is no code forcing users.. no code you can find made by me that sets rules i am not telling the world to 'abide by my rules or else'

core however is the central point of failure(core devs admit they are) and they do make the rules and are allowing breaks of the rules if it fits their desires. even if it harms the majority of users value.. . they(and you as a fan) dont want independent critique or critical thinking

you want core to be free to harm majority. but you dont want majority to be free to say no(consent)

(core have the right to write anything they want into github.. but the majority should have the right to say no to code that can harm bitcoin on the active network..
learn the difference)

you dont like the majority to have consensus to prevent core additions. you want core additions without majority consensus

i simple ask people to do their own research instead of blind sheep following your narrative

you however tell people to STFU, F**K off, move to an altcoin, and request forum posts to be deleted. and forum users to be banned if they dont follow you
3412  Bitcoin / Bitcoin Discussion / Re: This is the last chance to exchange stablecoins for Bitcoin on: March 11, 2023, 03:27:34 PM
Reasons for the current cryptocurrency market downturn: The closure of the US Silicon Valley Bank (SVB) caused Bitcoin prices to fall overnight.  SVB, the US lender to startups, announced on Wednesday that it will sell shares worth $225 million to strengthen its balance sheet.  One of their announcements spread among the bank's victimized customers and created panic among customers and investors.  Then as the share price drops by more than half, customers are more likely to withdraw their money.  Due to this, the Silicon Valley Bank (SVB) bank was closed.

to be more specific to the explanation

SVB privately invested customer balance into treasury bonds at 1%

when the bank run occured/started. SVB had to sell the treasury bonds to liquidate the bonds back into fiat to then honour withdrawals of SVB customer fiat balance

the big problem is that the bonds market have ample bonds at higher % to trade. so no one wants the 1% bonds. thus SVB had to sell them at a loss to liquidate them
meaning SVB did not get 1:1 value of bonds. thus made a loss meaning their SVB customer balance is no longer 1:1 of available fiat
3413  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 03:17:07 PM
However there isn't really any smart contract in Ordinals attack. They are basically just pushing the raw bytes and a hash in a simple PushData abusing the loose witness version 1 verification rules.

Yeah this is the big problem that some people want to pretend its nothing.

Ordinals as a project, i don't know why waste time discussing it. It can be perfect, doesn't matter. The problem is Bitcoin letting the spam in, not Ordinals being great or trash, the quality of the spam doesn't matter just the fact that it found an exploit to get in.

And this harms Bitcoin, not Ordinals, they can move anywhere else anyway. Besides the spam is not just Ordinals, that's the other thing some are not seeing (or pretend its nothing). Ordinals merely showed the way and other spammers are following.

agree with both

there is actually a very simple way to have a proof of transfer and a proof of ownership that can happen in bitcoin using a feature that is a decade old. which would be far better than the ordinals scheme. without needing to turn bitcoin into a meme library of dead weight data(cloud storage of memes)
3414  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: March 11, 2023, 02:18:41 PM
in the spirit of civility. without insult lets clarify your mindset


Given the choice between "you have total freedom, but there's a cost to pay" versus "you have less freedom, but it's cheaper", I'm always going to opt for the former.  

firstly
you do not want freedom. because one persons freedom is another persons invasion, trespass, theft, harm, displacement.

you cannot tell the difference between freedom vs right of consent
YOU dont beleive in consent and think it does not/should not exist.
(your "permissionless" mantra)

you say you do not prefer 'less freedom but cheaper'?.. yet
how come you prefer a subnetwork that is based on partnership signing and middlemen routing for "cheap"... meaning more permissions required(signatures, liquidity borrowing and availability for routing)
this is not censorship. this is consent.(a word you plead ignorance of understanding)

bitcoin has more freedom of payment transfer than your favoured subnetwork YOU prefer/promote to want people to use

so you are promoting a subnetwork that has 'less freedom for cheap'

you are the one telling people to go use other networks and certain services
you are telling people to do things that costs others extra on bitcoin or promote them to use other things that are not bitcoin. (making you the authoritarian)
you want a small dozen group to be free to reign control of the masses, where you want the masses to have no chance of consent/choice.

that said
bitcoin is a consent network
majority nodes cannot move value without the utxo owners consent(signed tx)
individuals didnot(past tense) have ability to change/edit bitcoin protocol/data without majority consent(consensus 2009-2016)

bitcoin is a consent network but you do not like this
you want the consent process weakened/removed (you love the soft consensus of 'backward compatible' false description.. which in reality is the abuse to not require majority consent to activate new rules)

you say you love freedom but you are not telling people to independently learn and research. but instead you are trying to ban users and get their posts deleted if they disagree with you

even things like mixers. knowing that exchanges treat mixers and your favoured subnetworks and altcoins as red flags, you try to push people into using them, which has consequences

not for their benefit but so you can gain from your victim recruits that follow your advise

yes you want freedom to be an outlaw and rule breaker. i get that. but you dont care about the freedom or consent of the masses

so until you can find one narrative that can clarify your mindset that does not go back and forth contradicting itself. (your current motives shows absolute malicious intent on other users and the network). i will continue to call you an idiot. .. but realise it is civil because i can think of hundreds of other uncivilised words to describe you

..
so
until you can understand consent. proof of ownership, proof of transfer.
(consensus payment network)

until you can understand the BIG difference between consent vs censor

until you can understand the BIG difference between the consent system of 2009-2016 vs 2017-now
where by now nodes no longer need to be ready to verify new rules for new rules to activate, which is bad security

i will until you can understand basic things.. will continue to be civil by describing people like you as idiots. because its describing you, not insulting you. its more civil then some hundreds of other things i could be using to insult you

you plead ignorant at times and refuse to want to learn. thus the description is accurate

if you were a newbie making the mistakes you make. so be it.. but you have been around bitcoin concepts long enough to know better. so showing ignorance. earns you the idiot tag

when you advertise things that harm others. note that i can call you many harsher things.
and me calling you an idiot is civil in comparison to what you really sound like

if you do not want to be tagged as an idiot.
stop sounding like one by
learning actual bitcoin concepts(do your own research),
admit to the flaws. faults, bugs, harms on others, which things can cause others

not the ill-conceived concepts your buddy group prefer to push onto the network/community

if i was uncivilised you would receive proper insulting words to be called

oh..
and before responding.
you might want to do some research on your post history vs my post history
by doing a word count of the library of insulting words.(real insulting words)
and see exactly who is more harsher to who

then do a search on who makes more demands on who, about their access/involvement of the network
by counting which are civilised (learn/research) vs uncivilised (F**K off)

you may learn it is you trying to make more people leave the bitcoin network, not be involved in securing the network via harsh insults if they dont want to leave bitcoin, or if they do not want bad flaws, bugs be trojaned in by a central group(s)

3415  Bitcoin / Bitcoin Discussion / Re: [NEWS] Biden budget proposes 30% tax on crypto mining electricity usage on: March 11, 2023, 05:08:43 AM
From 10% to 30%. A huge ass jump that I don't think there's any reason for mining companies to stay in the United States. What's probably going to be left is the home miners who may or may not declare their mining operations.

us industrial rates (lowest 15, highest3)
lowest (cents)
New Mexico                 5.70 (+30% tax=7.41)
Iowa                           5.89
Idaho                         6.03
North Dakota              6.72
Tennessee                  6.84
Nebraska                   7.00
West Virginia              7.05
Washington                7.07
Oklahoma                  7.15
West North Central     7.33
Mississippi                 7.33
Ohio                         7.35
Texas                        7.37
West South Central    7.38
Wyoming                  7.40

highest(cents)
Rhode Island             20.99
Pacific Noncontiguous   33.35
Hawaii                      39.78


mining in the 34 states not listed will move to: new mexico/iowa/idaho
dont expect anyone to mine in hawaii
3416  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a store value in comparison to traditional assets on: March 11, 2023, 03:16:41 AM
heres my view of the difference between PRICE and VALUE

firstly the value-premium

the no one sells below(bottom) is value
the no one buys above(top) is premium

the speculation of orders inbetween the limits is PRICE

the value:premium limits are not based on market history
but based on fundamentals behind the coin

with bitcoin this is mining
if no one on the planet can mine below X then no one wants to sell below X
and everyone else with higher mining costs definitely wont. and instead would happily BUY down to X. but no one selling below X means buy/sells run out this creates a non zero bottom of X

this "value number" was  about 900 in 2017 and 10k in 2021 and about $16k right now

the market rate then speculates above that line( the price is above the value)

at the moment with price at $20k and value at $16k
this means when you buy 1btc.. $16k is protected and $4k is at speculation risk
80% store of value

yes in 2021 where $10k was protected but market speculated to $70k
it had a 15% store of value at the time of the ATH for those who bought at the high

when you buy low/buy the dip your securing more of your value

..
bitcoin has a good store of value because the value line (below the market) stays mainly bull on the longterm and doesnt move with the same volatility as price
3417  Bitcoin / Bitcoin Discussion / Re: Regulations As the Catch 22 on: March 10, 2023, 11:43:34 PM
the thing is there are 2 types of regulations

regulations that turn a "money service" into police officers to monitor its customers looking for crimes and suspecting the customers

regulations that turn a "money service" into the suspects. where both regulators and money service customers report on bad money services.
where the money service is supervised and punished and money services if playing by the rules  "honestly" get to be a secured and insured custodian of customers funds with customer protection rules

fiat banks are treated as the first and second kind
crypto services are treated as just the first kind
3418  Bitcoin / Bitcoin Discussion / Re: How do you interpret the fluctuation of Bitcoin price ? on: March 10, 2023, 09:48:43 AM
mixture of silvergate banking drama of some exchanges.. (people withdrawing fiat )
and also futures market bets
3419  Bitcoin / Bitcoin Discussion / Re: If Bitcoin Ordinals endlessly spam the Bitcoin mempool to the brim, what next? on: March 10, 2023, 09:22:06 AM
its funny how people in another topic are talking about a coinbase advert where the advert is saying how fiat is slow taking days to make international payments where fee's are high and how coinbase wants to "fix the system"

then there is this topic where people are saying 'just pay more fee's', 'just wait a few days then make a payment', 'just make a payment and wait a few days for it to settle'

then we have another group that then say. if you dont like bitcoin delays 'use a custodian' or 'use a subnetwork' (that uses middlemen who charge fees to facilitate payments)

..
1sat/byte makes a 250byte LEAN tx $0.05 minimum

yet i remember the days pre 2016 where fees were fee's were below $0.05 even when bloated. and no one was shouting "just wait a few days" nor "just use a custodial or altnetwork"

how things have changed
3420  Economy / Speculation / Re: bitcoin fall below $20000 , it's a messy thread. on: March 10, 2023, 09:13:00 AM
Oh, finally a time to buy!

Thanks... Silvergate? Grin

 I don't think Silver gate is the reason because as far as I know they volunteered to be happy.

first we had the FTX contagion last year. then this week we have the silvergate/stablecoin contagion

there are some whales doing futures that want to keep the price at or above $20k so they will try to fight on spot markets to keep the price up around that area for a week to then end above $20k
but lets see how the futures whales can fight the silvergate contagion of spot markets vs futures bets

could be an interesting week
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