After free energy is disclosed what will the impact on Bitcoin be?
Apart from time-spent; Mining would be free then, right?
I'll participate towards your first question, the one in the title since I've had this thought before however its certainly akin to conspiracy or ultra heavy future speculation at best. All markets will move if energy were to become free or near free and currency would be the least of our worries however Bitcoin will still have scarcity and a fair market distribution no matter the cost of mining even if free. Also at the point that energy becomes free, we may choose other metrics of value such as 'time' like you mentioned. I really don't see free energy coming at least not while capitalism exists. Personally I hope we don't see it anytime soon. I don't believe we as a species are mature enough to handle such a responsibility yet. |
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My 2020 plan is to make daily DCA until the price is just too compelling to ignore. Right now I'd consider 6k a seriously compelling price but I'm not expecting to get there or lower so until then, automated daily buys for the same amount are my goal for the entire year. Will be interesting to see the result per month and also at the end of year.
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OT: Holy shit, is Palladium in an uber massive spec bubble or what?  They say its rarer than gold and a key component to hydrogen fuel cells. Maybe the future is coming  Visuals for the "bubble".  Anyhow, nice to see you're still lurking, was beginning to wonder |
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^ Lack of activity with that woman  You know how to fix that! I will need some guidance to get her more online as it is ....... Probably best that she doesn't, relationships need balance yo  |
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I consider the single days of abstention to something, one-off per year, totally useless. To have real effects one should always behave like this, in every field, to be consistent. Relatively to the crypto world, we URGENTLY need true and pure DEX!!!
Canadians are leading the way with non-custodial solutions. Only great things to say about https://bullbitcoin.com/Take note, we need more like this! I'm reading on that web site "Login" and "Signup". I don't know how permissionless it can be... Can you explain me this doubt, please? Firstly, I understand the importance of having decentralized exchanges DEX and permission-less entry points. The fact is we are not there quite yet and it's neither easy nor convenient for the majority to get involved with. This is not a permission-less exchange, in fact its only available for Canadians at the moment and is fully KYC and AML compliant. What it does do is forces buyers to provide their own BTC address for each purchase eliminating exchange custodial risks and encouraging holders to claim responsibility. I also like that they are Bitcoin ONLY, also, all coins are freshly coin-joined and their spread is not gouging. They offer a convenient payment service called "bylls" that pays any Canadian financial institution directly with BTC. Further, this platform does not support trading or even limit orders taking away the urge to "gamble". Account Funding via E-transfer during business hours is near immediate allowing one to effectively buy the dip. Buyers here are going long term, have conviction and are doing it for the right reasons. IMO its platforms like this that will succeed and pave the way forward toward adoption while fully satisfying government regulations. By that it is not permission-less however I fully support their efforts in on-boarding Canadians in a very transparent, moral, and largely trust-less way congruent with BTC best practices while creating a role model business and healthy atmosphere for the Bitcoin space in general. Creator, Francis Pouliot from satoshi portal and co-creator Dave Bradley @bitcoinbrains |
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I consider the single days of abstention to something, one-off per year, totally useless. To have real effects one should always behave like this, in every field, to be consistent. Relatively to the crypto world, we URGENTLY need true and pure DEX!!!
Canadians are leading the way with non-custodial solutions. Only great things to say about https://bullbitcoin.com/Take note, we need more like this! |
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Yeah, noticed that earlier while below 7k. DDoS reminds me of bottoms and tops. Insert juicy bottom and jiggly top meme. Still having issues here, 6 tries later |
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New Years bargainz are almost here, make sure to have your fiat ready.
Automated daily DCA until the pain is real. Chambered, sighted, safety off |
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its like a training day. a masterclass. a significant event that can be talked about and learned from the rest of the year because of its significance at the event.
without such, many fools will have just trusted custodians all the time and thought it was never a problem. this way they can learn
What's being questioned is whether it actually achieves that, though. Some people are presenting this Proof of Keys event as " keep all your coins on an exchange for 364 days a year and just withdraw them on this one particular day to make sure the exchange is still solvent". No one is learning anything if they're only doing that. They need to keep the bulk of their stash in their own personal wallet and only have what they're actively trading on the exchange. The entire point of this event is to see if we can achieve this. Ultimately we are talking about adoption and best/safe practices, no? I'd argue that proof of keys is a positive effort that does more for adoption than doing nothing or worse, making nonsensical arguments that its designed for the single purpose of keeping exchanges solvent. Don't get me wrong, keeping honest exchanges honest is great right? keep all your coins on an exchange for 364 days a year and just withdraw them on this one particular day to make sure the exchange is still solvent[/i]". No one is learning anything if they're only doing that. I simply don't see anyone taking time to learn how to hold their own BTC in their own wallet with their own keys, with the understanding that its superior to being held in exchanges simply to transfer it back the next day. Traders will be the only ones to do this right? Sorry, IMO anyone with that convoluted argument is doing it to hear themselves talk or in an effort to protect their interest in an exchange. |
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$6,451 - $6,500 I expect a final war for the last major plateau at $6,400 before the previous drop to $3150. This battleground will ultimately lead to major support or resistance and I expect that we will be inside this range leading to the having. Thanks for the game mic! Like the new style |
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So how can we check how many does this?
You can't but why do you think it should be relevant? Exchanges aren't banks, no one should be using them as such, it's dumb that coins would be on an exchange and not on in your wallet if you're not trading.
It's not dumb. Plenty of people have simply not yet learned how to hold coins in their own wallet simply because banks are all they have ever known. So to the average person who keeps hearing about this Bitcoin thing and wants to invest a little, Coinbase looks like a bank, can you blame them? Proof of keys will challenge that concept. |
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I'm supporting this effort (officially), I don't think the sentiment/intent will change much or cause exchanges to fail due to lack of widespread support etc etc. It's clearly about educating newer investors into cryptocurrency about owning their own assets and the dangers of allowing a third party to own it. I know it took a hile for me to learn to begin with when there was already so much to learn about Bitcoin that appeared more important (or more interesting), so it's likely some people learn will learn about this around this time and it will help them about one day. It's irrelevant that my Bitcoin remains owned by me, not just on January 3rd.
Education is exactly what this is about. Yes, you nailed it. Bitcoin proposes a challenging conscientiousness shift to traditional finance and personal responsibility in holding your own asset (especially digital) is a new concept that requires exercise to feel comfortable with. |
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Happy NY gents!
The yearly candle closed at 7168 well above its January 1st 2019 opening at 3693. With a AYH of 13,880 on June 1st and a AYL of 3322 on Jan 1st.
What a wild ride it's been. May 2020 be a year to remember.
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Geez guys... I surrender!  That is the peace symbol right? Close but actually, and ironically it's this.  |
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Ooo, Lala, fancy work there homie, have you just torched our secret admirer's art or BLB? That's not how you play Pokemon, er, is it. Taking custom requests I hear |
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time for a traditional Russian sauna (Banya) to bring in the new year!
is that the kind where you drink vodka and they slap you with sprigs of evergreen? Haha, That's pretty much how it went, not in that order. |
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Youtube says please pay 12$ mo. 3 mins ads sounds bit too much. what are you watching  in my experience its around 5-7 sec ads every now and then. LOL, 12 bucks. All bitcoin related vids. Today was the first time not being able to skip after a few seconds. Adds are compelling trading targeted videos for early 30's to mid 40's. I have numerous addblockers and behind a VPN. No help  Anyway, rant over, it's time for a traditional Russian sauna (Banya) to bring in the new year! Have you tried the chrome extension adblocker for youtube? https://chrome.google.com/webstore/detail/adblock-for-youtube/I've got adblock but wait, there's a version specifically for YT? Also have privacy badger, uBlock, and another one I'm forgetting the name of at the moment. @ dabs, That's what I thought until I opened up a totally seperate vid back to back with the same add. Felt like they weren't going to let me see anything until I watched that add. Perhaps coincidence. |
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Youtube says please pay 12$ mo. 3 mins ads sounds bit too much. what are you watching in my experience its around 5-7 sec ads every now and then. LOL, 12 bucks. All bitcoin related vids. Today was the first time not being able to skip after a few seconds. Adds are compelling trading targeted videos for early 30's to mid 40's. I have numerous addblockers and behind a VPN. No help Anyway, rant over, it's time for a traditional Russian sauna (Banya) to bring in the new year! |
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