https://www.zerohedge.com/crypto/bitcoin-surges-above-40k-after-latest-jpm-hitpieceThis is an unusual development and a reflection of how weak Bitcoin demand is at the moment from institutional investors that tend to use regulated CME futures contracts to gain exposure to Bitcoin. jpmorgue futures are squealing their book, 40k must be hurting ... bitcoin futures are in backwardation which is supposed to mean there is a disconnect in futures pricing 'expectations' versus spot pricing .... or more realistically means someone is going to take losses on bearish bitcoin futures bets if bitcoin spot prices keep rising ... this is how the price management and price expectations management games are going to go, with fiat cash-settled futures, hopefully bitcoin hodlers taking the coins, not your keys not your coins will blow this shit up
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Tried to post earlier but board was down, anyone know why?
... probably just you, weird things will start to happen to your experience when you badger WO into a bigblock shitfight |
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Bitcoin don’t need Tesla or Elon. but Elon and Tesla needs bitcoin…  ... hypocrite, self-absorbed grifter musk is back to preach at bitcoiners some more? how surprising ... noone should be buying teslas until Musk can guarantee his "confirmation of ~50% clean energy with positive future trend" standard is achieved for charging and manufacturing Teslas, including the materials mining, e.g. lithium, plastic, aluminum, rubber |
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I kind of got tired of this mini-bear (so far).
What is Mr. Market waiting for? G-7?
JPMorgan (Feds's market agent/proxy) said target was 35k ... since then price has targeted and oscillated around 35k as if in frequency response to an unsophisticated 2nd order controller. ... wrap a control loop around any market price using options/futures as your input and unlimited control authority (fiat slush fund impervious to losses) and dial in the set point ... these AI neural net controllers are more sophisticated again, adaptive, large state sets, cross-coupling with external variables add in some kalman filtering, stochastics, dynamic programming etc to the witches brew from the quants |
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... whatever scheme you think you can up with imposing a new limit ( a dynamic limit is the same problem which you seem to have ignored since the dynamic limit also needs to have it's own limit) you'll need a hard fork for that .... and after the bigblockers contaminated all further possibilities of hard-forks with disingenuity, arguing in bad faith and various political machinations that split the development and mining community, I can confidently say bitcoin, as we know it, will never have another hard fork, i.e. any fork will be forked off by opportunists into new coins and the un-hardforked coin will always be known as bitcoin.
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I just don't see that. Banks don't need small blocks to remain necessary.
FYI, small block force a side chain solution which is centralized and there in lies the problem. I just don't understand why dynamic blocks are just not discussed, it smells of agenda. ... there is no discussion with dynamic blocks because think about for longer than 2 seconds, it goes like this: "Hmmm, dynamic blocks what's that about?" "Well the blocks can take any size up to a limit ...." "Oh a dynamic block size with a limit, what size should we make that?" ... and there it ends, it's the same discussion. |
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my guess is you don't know shit about El Salvador but like to say cool-sounding stuff on the intertubes.
Your right, legend in my own mind. ... just a guess mind you. You're going to have throw out a bit more than vague hints about some secret knowledge to convince most people. Don't worry though, if I buy a volcano in ES I'll report back to you, maybe with a lake too. |
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https://twitter.com/nayibbukele/status/1402714926800674827Our engineers just informed me that they dug a new well, that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos 🌋
Starting to design a full #Bitcoin mining hub around it.
What you see coming out of the well is pure water vapor
... wonder if this is the Berlin field? Seems like an okay town in the mountains. ... can't fault him for enthusiasm.
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... it seems hard to get good information from wiki or are you just spreading some FUD?
Well that alone should tell you something. If you decide to go there then check in daily please. ... so just more hints of some unspecified nefarious agendas. Are you being held hostage by El Salvadorian government thugs or something you are not allowed to talk about? ... like if I want to go there and look at some volcanoes, mountains, lakes and waterfalls for a holiday is there a good chance I'll get murdered? or worse? ... or set-up a mining operation on the top of a volcano in the cool mountain air  my guess is you don't know shit about El Salvador but like to say cool-sounding stuff on the intertubes. |
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Anywho, I think my point stands that you do not want to go there with your bitcoin. Well maybe you (or me for that matter) are not afraid, but I would say the majority should be. ... the wink suggests you know something we don't; are you living in El Salvador or visit there frequently? ... you said something about the Police/Government killing more people than the gangs, what was that about? ... it seems hard to get good information from wiki or are you just spreading some FUD? |
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.... masterlucs short term calls have not been masterpieces |
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https://twitter.com/nayibbukele/status/14016225483963146311. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs. ... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'. Lets not get too exited about going there unless you like being murdered.
*give it ten years for corn to work its magic.On 20 June 2019, Bukele announced his "Territorial Control Plan" which would increase policing of certain areas of the country in an effort to combat high crime rates and gangs in the country.[34][35] Both the National Civil Police (PNC) and the Armed Forces of El Salvador (FAES) would also be equipped with better firearms, ammunition, and vests as a part of the Territorial Control Plan.[34] As a result of his Territorial Control Plan, El Salvador's homicide rate fell 52 homicides per 100,000 people in 2018, the highest in the world at the time,[36] to only 3.7 homicides per 100,000 people in January 2020.[37]
Bukele founded the International Commission Against Impunity in El Salvador (CICIES) (es) on 6 September 2019.[38] The institution's purpose is to combat a variety of crimes, including drug trafficking, corruption, and white collar crimes.[38] He also established an anti-corruption unit within the National Civil Police which would cooperate directly with CICIES.[38] ... as per wiki El President is something of a populist autocrat who's cleaned the place up considerably in two short years, sacked a whole bench of corrupt supreme court judges and still has >90% approval ratings, just got voted back in on a super majority ... tbh I like a good autocrat, especially if they are competent, straight, honest-shooters and democracy has gone off the rails. Democracy is not perfect and countries come in all cultures, shapes and sizes, take a look at Singapore for a hugely successful autocracy. |
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https://twitter.com/nayibbukele/status/14016225483963146311. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs. ... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'.
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I seriously hope the price goes down long enough for El Salvador to buy a shitload of bitcoins for their reserve.
Then the price goes back over ATH and all other countries cry that they missed the boat.
... 32k will be the new 3.2k ... as in 'I wish I had bought the 32k low' |
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... these unnatural dumps appear timed for illiquid market hours.
... also couldn't let the El Salavador news gain any momentum on price.
... probably JPMorgan carrying the water for Uncle Scam defending the rotten dollar pyramid scheme.
... seen it all before in Gold and Silver markets, I think the war for btc price control is beginning is earnest, any allies are good allies now.
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And what is the end game? ... disruption (preferably destruction) of fiat legal tender statutes. |
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