So let's make a test
I'm offering you 5 000$ for one coin and 200 000$ for two coins.
Would you be interested in any of those offers?
This would prove nothing. It could prove that you don't know how to make a good business.  That's because even if 1 BTC = 1 BTC (always!), still, business is business  Well, to be honest, I'm not that good at doing business at all anymore. Five years of negotiating contracts to the penny (no joke!) have made me a negotiation hater, I would rather throw an old phone I wanted to sell out of the window than engage in 3 mins of negotiations with the person wanting to buy it. But the point stays, common, everyone that read it immediately thought 200k/2 > 100k coin 70k profit, if I would post an ad and asking for one or two BTC for a car everyone would first evaluate it in dollars then check the price then comment. Or we could go to the extreme, why not spend 10k BTC 1BTC=1BTC and one pizza is still one pizza Somehow people never say that 1 BTC = 1 BTC when it's the bull market and everyone is fixated on its USD price, but when there's a bear market, we should all forget about USD price or they say, it's still x100 higher than in 2009 |
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Eventually, those large crops might get to the point where they have to declare bankruptcy, while they might still function as per your explanation, good luck finding anyone to invest their money with large mining crops.
We have something close in the EU If a company goes bankrupt you can appoint a judicial overseer that will consult with the debtors and if the company without servicing the debt is capable of staying afloat in most cases it will rule against liquidation, and it will grant 12 months increments periods in which the company is protected from any debt related cases. The more people they have employed the easier it gets, I know a case of small chain stores that had over 1000 employees and they got like that without paying their debt for 5 years, fortunately, that was a happy case, they've managed to recover and actually pay the settlements. So if you think of Mara or Riot going under, after the second halving maybe And finally, we're going down a bit although I'm pretty sure it will change drastically pretty soon Latest Block: 736571 (25 minutes ago)
Current Pace: 97.5315% (732 / 750.53 expected, 18.53 behind)
Next Difficulty Change: between -2.4631% and -1.4787% We're behind 18 blocks, but in the last 24 hours, we had only 130 mined, so that's where 14 come from, if it weren't for the previous day we would be at 99% so this could turn positive in just a few days. As for the price, I don't see that breakthrough, not this month unless something big happens. People trolling the %^%$ out of Twitter and Reddit about hundreds of suicides caused by terra and just are not helping at all. |
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Remember guys, 1 BTC will always equal 1 BTC and the supply is very limited. If you can see this in the long run you will be a winner. Of course, chickens will run home as always  When there is a wave of threads saying you shouldn't panic, how everything is fine, how 1 BTC= 1BTC you can be sure as hell there are a lot of people who have already shi* themselves, and my bet is the ones that are actually opening these topics. Let's follow the logic, if the OP knows people are selling at a loss and panicking and he knows he can make a profit by buying low, why open a topic telling people not to do so and hurt his own future profit? As I can see, the only explanation is that Walmart is out of adult diapers! Remember guys, 1 BTC will always equal 1 BTC
So let's make a test I'm offering you 5 000$ for one coin and 200 000$ for two coins. Would you be interested in any of those offers? |
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This exchange(s) then tries to counter act this large buy or sell, by uniting transactions from these traders into their exchange accounting software.
Finally the exchange issues a "stabilization transaction" towards the blockchain, where these kinds of stabilization transactions are prioritized by miners and are added to blockchain free of any transaction cost.
Multiple smaller exchanges can then work together to try and stabilize the price of the coin, but issueing only a a few of transactions.
Why do you try to avoid the obvious? Exchanges can't do shit if they don't have the money to counter such a thing. Ignoring the fact that you're turning bitcoin in a centralized bank controlled currency, just going to touch on the stable part You can only do this when you have money in your pocket so if somebody doesn't find a buyer at 30k you put a wall there and you buy it instead of the guy offering 29k. There is no magical algorithm and there is no money behind any other token out there, you can't stabilize anything with a promise of payment! The only way would be for every exchange to have a reserve that would match the number of bitcoins it has deposited on behalf of the clients and not accept bitcoins it can't cover. So if Binance would allow 100k BTC deposits they would need to have 3 billion $ , USD, united states dollars, not usdt, usdc, sudc, usdfky, and every time somebody deposits one BTC and more 30k hard cash. I've argued a lot these days with some that don't understand that behind the market cap of anything, be it stocks or tokens there is no money, so in case nobody wants to pay a dime for that stock or token the actual value is ZERO! Look how nobody wanted Luna, it went from 20 billion to 300 million because there weren't 20 billion there in the first place. I figured as much, this is where the bitcoin community may need to wise up and realize that they must "come/unite" together and not play along with yo-yo schemes. Community, lol. Have some coffee as you're not seeing the millions strong pack of hyenas that would chew on every cent they could get their paws on. |
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As long as the bitcoin price keeps dropping, another trader is chosen to again buy some bitcoins with it's buffer capacity.
This continue until the bitcoin price is somewhat stabilized.
If the currency you're buying bitcoin also drops in price you have to pull more and more to keep the bitcoin price level, if more people sell bitcoins and shitcoins than the ones that buy it you can't achieve stability. How many Weimar, Venezuela, Hungary 44, and Zimbabwe episodes do you need to understand that a permanent peg in times of crisis is impossible unless you have enough cash stashed aside, which by default invalidates the crisis. And having tokens doesn't change a thing, to prop Bitcoin's price against the USD you need USD, not tokens that are going down in value as well and nobody wants to buy but completely the opposite, everyone dumps. Seems like the show Do Con scheme rather than making people aware of how unstable this is is making them come up with even worse ideas. |
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That's a lot of money, but on the other hand, if we take into account that the US recently approved as much as $40 billion in aid to Ukraine, or that the EU pays Russia about $30 billion a month for oil&gas, then it could be funded by a rich country or perhaps a wealthy individual like Mr. Mars.
The US and the EU area are trillion euros economies, imagine if the EU would plan to build a new capital and the price tag would be 15 trillion, do you see anyone agreeing to how marvelous such a plan is? And it gets worse with every step down because once you force more on % the income it depends on how much of that income you have to spare, Germany could throw billions at something (the Berlin airports for example) but here we're talking about a country that spends percentage-wise half of the budget others do on education. As for rich people that would choose to finance it, why would they? What money can you get back from a city with no taxes, no vat, and no income tax, but full of running costs? And he's not been antious because he understands what the implications of running dip and bull could mean in terms of disorganization of ones focus is loosed beyond control, then is the weak point to taking a wrong step, also he feels relaxed because he had already made a buy when bitcoin crashlanded at about $30k buying about 500 worth of the coins.
Let's fix this a bit. He ordered some guy to buy 500 BTC with government funds, not from his own pocket. It's easy to buy every dip and don't care about the value of your investment when it is not your money! Just as he will not spend a dime on this city, it will all come from other people's pockets. |
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A friend asked if cryptocurrencies are safe. I explained it's safe up to his limit if he's willing to lose what he's invested.
No, they are not safe, they were never like that, BTC is almost safe long term but the other shitcoins will only make people's life miserable long term unless you're day trading and getting every pump and dump scheme right. You should do it like this ask for his wallet and start pulling out banknotes and asking him if he's ok with you burning them all. Once you reach the point where he says it's uncomfortable for that much to throw away tell him that's the maximum he should be investing. Also, tell him that if he does go over that is his risk and he shouldn't be running back to you and complaining. |
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The thing is that Tera has not stopped minting its coin during the last 24 hours.
Maduro and Mugabe would be proud of this Do Con guy, how you prop a currency, by issuing another currency and printing millions, selling them to get another coin to prop the coin that was supposed to be pegged by the coins you're selling. I mean, genius!!! At the current depreciation levels, it will theoretically take luna only 4 days to reach the levels of inflation the Papermark has managed to do in two years in the Weimar republic. Justin recently launched his USDD stablecoin.
They will soon run out of letters, the next coins will be USAF, USMC, USSF, and USCG I don't think Luna will make it to live again because it has gone as far below 0.04 as at this morning
It's below one cent, 0.008. I find it funny how a lot of bagholders that are screaming now about how this has happened were the same people mocking Warren Buffett on Twitter for being an old fart and not understanding how revolutionary Defi is. |
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I am quite curious, wouldn't this be just like holding bitcoin or any crypto currency? Apologies for not being able to see but can anyone mention how this is better than holding or trading on an exchange? Because if it really has better benefits than holding or trading on leverage on exchanges, I would really love to try out this new thing.
It has no other benefits than holding. Look at them as locked coins that will be sold if they go below the locked price - % unless you are able to get more collateral and other than that nothing. They are just a replacement for your credit score or for your proof of income. If someone would have mortgaged a loan before the drop and if they had to pay back in bitcoin for monthly interest then it would have been costly affair for sure. Man just check the current drop. They had to repay more satoshi’s since to pay x amount monthly they had to cover up that x plus the devalued costing.
Now raise it up a level and imagine your loan was in Luna and the bank was liquidating your collateral in UST, not USD. 2008 would be a storm in a teacup compared to what would have happened in this case. |
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I don't know how this fits into past experience, but BTC price is now $28,661!
Touched 27900 Keep calm, difficulty just went up, revenue is at the lowest per th since 2020, we've just learned that a stable coin is traded at 20 cents per 100 cents, some people get wrecked in longs, a few NFTs dropped 99% losing millions, somebody just spammed the mempool with 100 MB of tx, and the difficulty keeps rising, but! tomorrow is Friday! (at least in my timezone), and everyone is happy on Fridays! Meanwhile, resellers still ask for $8,500 used no warranty s19 (110th version). And somewhere somebody probably buys! |
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Marketcap of bitcoin would build 100 of these easily and have leftover.
Lol, the market cap of Bitcoin just went down by twice this sum in the last day, how much do you think it's going to go down if you try to pull out...oh wait.... You know this market cap represents the value of the coins if they were to be sold at this price, meaning, if you could find a buyer for all 19million coins at 30k, right? Because there is not a single $ in bitcoin, you have 19 million coins and that's it, there are no billions of dollars hiding in safeboxes under CZ or Do Wong ass, as you have clearly seen from what happened these days. In order to get 20 billion from the bitcoin market cap, you will need somebody to buy 20 billion worth of coins and you would need those who sold their coins to invest in Bukele's fantasy, and why would you do that? So, how much of your BTC do you plan on selling to invest in this giant pinata? Oh, and BTW, Salvador's GDP is 24 billion, building a city that costs your annual GDP and 4 times your entire annual government budget is madness. |
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 The airport my drew my attention and all I could say is this is a mega project and it will take a lot of years to come to reality but I didn't see anything about FUNDING. Yeah, it drew my attention too, seems like the one that designed that terminal thought airplanes are like cars and you paint the whole thing like a car park. If you look at any airport from La guardian to Charles de Gaule you will see there is no square in which you park your plane, nor are that different size for mini cars or trucks, nobody is going to park a second plane behind the one in the terminal. All terminals have taxiways that are marked with a central line, not square parking spots. As for the funding, it seems that the 1 billion will be for the next geothermal powerplant and half will be for buying the dip again, so the funds will be probably won in a lottery. I really hope that the color will not be so... uniform.
Eh, somebody had a ton of merci pralines that were going to expire so they've said, let's recycle them and build a diorama! If you look closer you will see that the heat was too much and started melting, some of the skyscrapers are leaning toward each other. |
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It wants its share of fun, we have things going down the drain everywhere why not some shitshow here too? I see people claiming it's Binance consolidating inputs, but I've not seen any proof for that, furthermore, when you fill the blocks with consolidation transactions you tend to have fewer of them, yet in the logs, I see over 2000 tx per block constantly. And of course, we're down 14 blocks from the normal place in the last 24h, to make things spicier! |
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You're pretty late as the selloff of LFG's bitcoin holdings has started since yesterday; their public BTC address is already out of BTC (moved to exchanges already). The question is just that have they already sold every single BTC holdings or not.
Or, if we go full tinfoil hat.. Were those coins actually bought by them with real money and they were owned by them in the first place? Or were those coins borrowed for this purpose alone, that would have been paid with money from future sales? The other interesting part is, will there be any consequences for all the money lost, any investigations, or, the whole crypto world is just an add-on of the old system where you can run banks and companies into the ground, lose billions of people's money and not face any consequences? Cause for me it's starting to overlap dangerously close. Because most investors with bags of Luna are currently stucked with confusion at what alternative option or steps to take in order to protect their Funds at this very critical point in time.
You can't protect anything and there is no way to protect something like this. Some don't understand the fact that all those money that was used to buy Luna or Terra or whatever the shitcoin was called it's not invested there, it's in the pockets of the ones who sold it, so in order to recoup losses, you will need more money for some new investors. Imagine you buy a house and the market crashes, the house is still there, you have paid 100k for it but now nobody is willing to give you're than 50k. The 100k you have paid has been already spent by the previous owner on hookers and drugs in the Bahamas so you will need a fairy to give you 100k, otherwise, it's 50k. Same for Luna, they need now somebody to pay 60 or 100$ per coin, fresh money from outside to recoup it, where is this money going to come from and why would anyone do it? |
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If everything around goes down in flames, at least let's have some barbecue with it https://www.theblockcrypto.com/post/146161/coinbase-q1-2022-earnings-revenueCrypto exchange company Coinbase said it incurred a net loss of $430 million during 2022’s first quarter.
The earnings release follows a rocky period for Coinbase’s stock and the US equities market as a whole.
Coinbase’s report showed a quarterly trade volume of $309 billion, down from $547 billion in Q4 2021.
Retail transaction revenue in Q1 was $966 million, down 56% compared to Q4.
Assets on platform fell to $256 billion. Not only did Coinbase manage somehow with all their fees to run into a net loss, but they've also lost close to 50% of their trading volume so the magical solution is, as usual, to grab the next trend and bet on it: In the letter, Coinbase said that "we believe these market conditions are not permanent and we remain focused on the long-term." The firm said future plans include continued investments in its wallet and NFT-related services. Of course, this is the crypto press, now if we switch to the evil mainstream media we find something a bit different: https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/Report linked here and : https://d18rn0p25nwr6d.cloudfront.net/CIK-0001679788/89c60d81-41a2-4a3c-86fb-b4067ab1016c.pdfOur failure to safeguard and manage our customers’ fiat currencies and crypto assets could adversely impact our business, operating
results, and financial condition.
As of March 31, 2022, we held $256 billion in custodial fiat currencies and cryptocurrencies on behalf of customers. Supported crypto assets
are not insured or guaranteed by any government or government agency. We have also entered into partnerships with third parties, such as with
the Centre Consortium, as a reseller of USDC, where we or our partners receive and hold funds for the benefit of our customers. Our and our
partners’ abilities to manage and accurately safeguard these customer assets requires a high level of internal controls. As our business continues to grow and we expand our product and service offerings, we must continue to strengthen our associated internal controls and ensure that our
partners do the same. Our success and the success of our offerings requires significant public confidence in our and our partners’ ability to
properly manage customers’ balances and handle large and growing transaction volumes and amounts of customer funds. In addition, we are
dependent on our partners’ operations, liquidity, and financial condition for the proper maintenance, use, and safekeeping of these customer
assets. Any failure by us or our partners to maintain the necessary controls or to manage customer crypto assets and funds appropriately and in
compliance with applicable regulatory requirements could result in reputational harm, litigation, regulatory enforcement actions, significant
financial losses, lead customers to discontinue or reduce their use of our and our partners’ products, and result in significant penalties and fines
and additional restrictions, which could adversely impact our business, operating results, and financial condition. Moreover, because custodially
held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody
on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors.
This may result in customers finding our custodial services more risky and less attractive and any failure to increase our customer base,
discontinuation or reduction in use of our platform and products by existing customers as a result could adversely impact our business, operating
results, and financial condition. I think this is the best we will get from an exchange telling its users not your keys, not your coins! |
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I just stumbled again upon this thread and was thinking ... well, maybe Terra is about to kickstart a new Bitcoin standard, but in a different way?
Yeah, the new standard will be Bitcoin and Bitcoin alone Seems like some shitcoins are so flawed that even backing them with bitcoin means nothing, now imagine the ones that don't have even that! The article that is shared in that post is based on this tweet and even that guy said at the end that there is a lot of speculation and assumptions in his scenario how all this played out. But yeah, point of all this was obviously for someone to exploit their faulty mechanism and make money no matter the details how it exactly happened. This is always the thing after something goes totally wrong we know in perfect detail which step how and when, but if anybody had asked previously if this shit would be possible all the experts would have come shouting about algorithms liquidity pools, how everything is impossible. When it comes to bitcoin all day long everyone is concerned about 51% because you only need x amount of gear to do it but look how easy this happened and none of the experts figured it out before it actually did. LE: My bad, there was one https://twitter.com/FreddieRaynolds/status/1463960623402913797But I love the new mantra of the one's fleece by this, it was the evil gubbermint that did it! We are in May only, plenty of time to nominate something for the Fail of the Year award in Community Award for 2022.
Unless some coin manages to get negative, it's damn hard to topple 100 cents= 20 cents |
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That is a misleading table, let's take for example Mexico, they have an unemployment of 3% ( according to the website where I'm getting the data now not to mix different sources) All good and nice, 2 150 582 unemployed, 56 611 211 employed, the total population of 128,9 million, things are getting skechttyyyy, 65% between 18 and 65, which would make 83,7 million. So we have 83,7 people who would be 18+ and below regiment and 56,6 mil employed plus 2,15 unemployed, so where the hell are 24 million?Salvador has 2.9 million employed persons, a population of 6.4 million, and zero unemployment? Yeah right! In most states only country those who receive unemployment benefits are in, once you're done you're out even if you don't get a job, some only add those who are actively searching for a job in the last x months, and so and so. An example is a cryptocurrency, do you the number of jobs created through it global? Why cant they focus more in supported it totally instead focusing much on taxing it.
But do tell us, how many jobs have been created? And one more thing, who are those people getting paid and from what revenue, because I have a feeling you're not going to like it! |
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They've tried to act like a smartass and this is really the worst moment they could have done it, probably everyone is laughing his ass out reading these while seeing the red candles in the markets. That aside, everyone talks about how cryptos will be the end of banks and banksters, and at the end of the day what, do we have, more managers, more fund owners, more banks involved, more funds created more people to make the whole scene less and less friendly to the average user. I'm pretty sure banks and investment funds are terrified of crypto, that's why they are pumping money so hard in them and making tons of money, that's why they probably laugh so hard hearing how crypto will cut the middleman while they are making millions in wire transfers. But yeah, poor bankers, we need to replace them, we need to replace all those senile old farts who know nothing, imagine where we would be if instead of Jerome Powell we would have Do Kwon in charge One dollar would be worth one cent by now. I have prostitutes to pay, it's ruining me, what about you finance me instead, so I can keep my lifestyle?
I almost typed get married but that would have earned me one decade of sleeping on the couch, so no! |
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I wonder why you would choose a pool because it's "popular".
Even if it's the largest Foundry probably is the least popular since is a closed one and a newbie won't be able to get in anyhow.
Rather than going for popular or anything else go for the fees, and payment structure, see if they have extra options to mine the best earning coin, auto exchange to protect you from fluctuations if you're the $ guy, everything you consider to be good or bad and don't forget to test your connection to it, with so little info given god knows if you're not on the other side of the globe from all of the servers, I've seen almost every kind of problem around here so that wouldn't amaze me one bit.
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The green slice represents the portion of LFG stash that is currently invested in BTC: correct, you can't see one.
I will later post a couple of post mortem analyses of what has just happened.
You little rascal  I'm laughing so hard, on that one, I wasn't even looking at the graph as I doubt at 1 am I can grasp what would those numbers mean but when I read, yeah don't look it ain't there I laughed for 5 mins Early on I was browsing the Twitter feed from luna and god, there is such an unload of denial and copium there, every fleeced or near to be fleeced "investor" screaming how somebody destroyed this because it was threatening them...How in world does that even work? You've got destroyed by the ones that you threatened with your financial mumbo jumbo? Meanwhile, Luna:  They are looking for full stability I guess, nothing is more stable than zero after all, no matter how you spin it or how you look at it is still zero! Btw, I guess that by now the answer to the title is no, right? LE Wait a minute: https://bitinfocharts.com/bitcoin/address/bc1q9d4ywgfnd8h43da5tpcxcn6ajv590cg6d3tg6axemvljvt2k76zs50tv4qDid they empty the whole address? Do they have zero coins left? Profit from price change: -489,356,486.9 USD Wtf!!!!!! |
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