|
if BTC is no longer valuable and becomes like token?
I have heard that he mined 1 million btc and was hoping that BTC would have converted the entire financial system in 10 years.
IF his project fails what would he do with those coins?
|
|
|
|
I have one more suggestion which i had posted earlier. |
|
|
|
Thanks for implementing my suggestion. However by making it in BOLD it would have been more easier when skimming through the thread just to see only OP posts. THe fact the the OP font is same as others makes it discerning more difficult. We can try it as an experiment and see the feedback. also i had suggested another feature where you would click a down or up arrow in the post message to jump to next post of the specific user in that thread. https://bitcointalk.org/index.php?topic=5397661.msg60569905#msg60569905 |
|
|
|
I just came back to this forum after couple of months and i see my suggestion has been incorporated!!! ADmin atleast reply to this thread please  ps: one more thing. CAn you make the (OP) in bold? pps: any bitcoins as reward for this suggestion?  |
|
|
|
|
I am not interested in trading but to be alert in current events. I know about BTC since 2011 though.
|
|
|
|
|
I Have subscribed to some of them but i think i am missing more info. Care you put your links?
eg wolves of crypto
invest answers
trader university
|
|
|
|
Around May 2011 from a conspiracy forum! |
|
|
|
Keep on going! We need more replies. |
|
|
|
|
Mine are in air gapped raspberry pi 400 with arm x64 arch with broadcom cpu. Ubuntu FTW!
|
|
|
|
@OP actually this pool is useless since below $18K then the rest option ($15K and below $100) is also included on below 18K too. So if Bitcoin price hit any price below $18K, my option is correct since I vote below $18K lol.
There's no relation between stock and Bitcoin, since stock price is depends the company performance either bad or good while Bitcoin itself already the best decentralized coin and have a use case with some update to solve a problem (e.g. scalability) the price depends on demand and supply, which no one control about it. Unlike stock who have limit down for each day.
You are right so i changed from below to till. |
|
|
|
|
Bitcoin was meant to break away from the stock market and fake debt based fractional economy. Sadly all the traders and short term gainers have joined the ride. If stocks crash then bitcoin also crashes.
2022 is a 7 year crash cycle known as shemitah year for those who dont know
1966 stock market downer 22%
1973 middle east oil embargo
1980 hard recession, home builders wiped out by 1982.
1987 black Monday stock market crash
1994 bond market massacre
2001, the 911 and dot com bubble crash
2008, the housing crash
2015, stock market chaos, 7 trillion lost globally. China market crash 40%
2022---
So place your bets on how low it will go!
|
|
|
|
|
Does anyone know what is the breakeven price for bitcoin miners?
|
|
|
|
Like I said, I hardly spend my Bitcoin these days, and in the next few years that isn't likely to change. The potential of Bitcoin's price, is probably our undoing.
I find that extreme too and I don't want to do that. I prefer the "keep some, sell some" approach. This way my family's budget gets a most welcome boost now and then and I'm fine too, if I die tomorrow at least I've also spent some of my coins. Yea, me too. I have spent some, donated some, lost some and gambled some but predominantly saved/invested it. I think this is what is happening the most, the vast majority of people who have been into Bitcoin for at least a few years are in the HODL camp. Purchased a VPN for 20$ back in 2013. It is worth now 700$
I have an interesting take on this, If you had spent FIAT to buy the VPN then, It would be worth $700 in Bitcoin too. Bottom line is you needed the VPN, how did you get the Bitcoin? it dont remember. My regret is that i should have bought it and HODL when i had known about bitcoin back in 2011. Started it this year only. |
|
|
|
|
Purchased a VPN for 20$ back in 2013. It is worth now 700$
|
|
|
|
I believe that transaction fees and losing your wallet or getting hacked and not receiving any reimbursement is a serious archilies heel preventing mass adoption for bitcoin.
In many poor countries people use cash as means of payment and no extra fees is levied. If each and every single transaction is levied fees, then people wont spend as much as they spend with cash. I mean if you even transfer from one wallet to another you are leived fees.
The so called lightning network defense is not prudent as in lightning network the sellers ids is being broadcasted to everyone.
bitcoin will only be like gold aka store of value.
if you are truly a User of bitcoin and not just posting here about what you heard or read then you misunderstood Bitcoin then . because nowadays that the Fee is so much cheaper compared to what is last year and now getting lower as Segwit and Bench are there , also Lightning Network? it is indeed tend for small transaction with faster and cheaper fees. Would you pay tx fees every time you purchase groceries, movie tickets, paying traffic fines? I dont think avg joe would be comfortable with it. |
|
|
|
in regards to the topic of acceptable crypt currency and certain idiots ploys of advertising LN as the solution
if luna(and its pegged stable coin) has taught anyone anything..
the currency that has no PoW blockchain, that currency/network has no underlying value, as there is no cost in the creation of the units of measure.. only in the main blockchain currency thats being pegged has some store of value. and if its PoW it has more than other blockchains that are not PoW.
but if that peg is bad and breakable . the bridged/peg network without the blockchain has no value.
if luna has taught anyone anything..for emphasis
if the pegging mechanism is not strong or guaranteed then the currency unit on the pegged network is not strong/guaranteed
learn lessons from the Luna fiasco
LN suffers this same fate.
infact a worse fate due to the crappy ways it locks bitcoin to create its msat equivalent units of measure.
these contracts are not audited at all... LN has no consensus network to ensure every Msat is accounted for on the LN side. its why turbo allows for fractional reserving(setting up balance without confirmed utxo). its why channels can be set up with unbacked balance in LN.
be warned about this.
goodluck to all the LN fangirls thinking LN is the solution.. enjoy your network when everyone catches up to the realisations of the issues with LN
an 1000msat is not worth 1sat if you can create msat balance without a firmly validated and network wide audited peg that cant be broken where by its impossible to create msat without a confirmed utxo
and i wont even go into the other flaws of how channel partners can cheat the balance in their channel against each other
let luna and its stablecoin be a lesson to people about how to perceive the LN peg flaw of LN, especially in regards to features like 'turbo'(unconfirmed(unpegged) msat balance)
Interesting reply. LN already suffers from privacy issue as ip addresses of the seller or receiver is known. But this comment above is like a stake. Blockchain size would have to be increased but this will lead to more space taking up. I still say bitcoin would be used as a store of value or could replace US dollar for cross border transaction for only GOVTS being the BANCOR currency which keynes originally envisioned Bitcoin is the bancor that is required. Your local currency will be used but for international govt trade it will be bitcoin imo. bancor history https://www.youtube.com/watch?v=6qDGMzXiiIs |
|
|
|
|
Show Posts
