Many will have a different opinion on this. But everyone will agree on one thing. BTC can not be fully controlled by one person, even if he owns 51% of the total supply. To me, one person (a whale) can not have acquired 51% of the total supply.
ok lets tin foil worse case. (excluding satoshi stash plus possible lost/locked coins ~18m circulation left) lets use DCG as a example that has fingers in many exchanges https://dcg.co/portfolio/coinbase says (sept 30th 2022) ~2m coins so thats 11% of circulation of coins in just 1 exchange add in kraken and other exchanges in the portfolio. the DCG does have a substantial heap of coin at its fingertips ill let you guys calculates the reserves of all those listed in portfolio
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here in the UK
in 2021 UK treasury gave real estate developers £11.5b to build 180k homes FOR FREE which real estate developers can then sell on and keep the money of at a 2x rate of "affordable home" market (a new home costs about £63k material labour and land cost(wholesale) per home building 180k of them is 11.5b)
an "affordable home" is £134k on minimum wage (UK min wage is £1.6k with a mortgage max rate of 35% =$560 a month. which on a 20 year mortgage is £134k)
so yes real estate get a house for free and sell it for £134k where the real estate developer keeps all the money
... i say all this. because UK government happily hands out £11.5b for rich estate developers to get richer
but when it comes to the labour budget of emergency services (healthcare and police) nurse avg income £33k x 360,000nurses = £11.8b police avg income £29k x 153,000officers = £4.4b
the government refuses to just double nurses pay.. or double the amount of nurses working which is affordable by just not paying house developers. refuses to just triple police officers pay or increase number of officers working
refuses to 50% pay rise. refuses 20% refuses even 10% rises..
yet simple maths shows the government can afford it if they simply didnt give free money to rich land developers
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CPI is not a prediction of the future.. its a report of the past to present. same with inflation and recession
these reports just say how much (CPI)consumer goods have already risen by monthly-over the year (GDP) inflation and recession has happened in last6 months
we have already had 2.9 years of inflation so ofcourse we are now entering a recession(correction) of that inflation of QE
there is however a recession of the non-food CPI (housing prices drop) while a continued inflation of the food-goods CPI which authorities hope would balance out the overall inflation/recession rate to net 0 rate
yep yep a drop of house prices by 10% and an increase of food/bills by 20%.. "supposedly" balances out in authorities eyes (200k=180k =1000 a year loss on a 20 year investment).. is a -$1k per capita CPI vs ($5k food bill a year becoming $6k,) is a +$1k per capita CPI..
but in normal peoples prospective. home owners just dont sell at a loss but everyone is still feeling the extra $1k added to food bill
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He needs a haircut to have a refreshing memory because it seems he is not able to recall what happened to people's funds. They should take him to a lie detector let's see if that will juggle his memory back . lie detectors are not evidence. they are just a psychological trick to get people to admit to things. SBF is playing dumb to avoid admitting to crimes. its not the case of actually not knowing. its instead being creative about what to admit/say to atleast make it worth being interviewed for his multiple cash-paid speaking tours he is doing, to cover the costs of paying his lawyers after all a good lawyer would not advise anyone to go on a interview-tour, unless its the noly way the lawyer is going to get paid now SBF's personal accounts are frozen
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~ kevin o'leary (sharktank) as spokesman of FTX, is stilll defending SBF but here is the thing. legally kO'l has to legally say what he says, because if KO'l just says SBF is a scammer, then that makes KO'l liable as a spokesman for promoting a scam.
Kevin O'Leary got $15 million from FTX to promote the scam and now he is defending SBF the word is that Kevin O'Leary will testify before congress in support of the scamster SBF. The more SBF talks he will spill out something that will incriminate him. i dont like o'leary. but from a legal stance i can understand that he cannot really drop the ball and say SBF scammed him and say SBF is a scammer voluntarily in public. because saying SBF is a scammer. is o'leary pleading guilty to advertising a scam. meaning jailtime or high price fine for o'leary unbiased, i can understand o'leary wanting to avoid jailtime by not wanting to just out himself as a advertiser of a scammer take all the other celebrities that would rather 'settle' out of court than plead guilty to advertising scam coins and ICO's im sure o'leary testifying in congress is not simply a character reference of ass kissing SBF. o'leary already admitted that his own "due diligence" of SBF was just hearsay of others vouching for him and no internal audit or skills testing of SBF to see if he really is any good at securing funds im sure authorities would have done a deal to exonerate/absolve o'leary of any advertising a scammer charges if he testifies against o'leary. but lets see whats said when he testifies Oh god, I saw all of this and I've been trying to follow the whole FTX/SBF drama closely--and I have no fucking clue what he thinks he's doing by giving all of these interviews.
when bahamas authorities freeze your domestic personal bank accounts and he stupidly had some assets in his company which are now locked into bankruptcy administration.. when he cant 'spend his retirement secret stash as thats criminal.. so has to plead poverty of access to less than $100k to survive on.. whats left.. .. oh yea a media tour cash speaking jobs, after all lawyers are not cheap
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someone that doesnt read books or walls of text, never does good research. they instead cheat using google or paying someone for an answer to get their degree or "education" into any skill
as for the senate threat. the senate want to get SBF to come to america(handcuff opportunity). where as he can simply 'remote-attend' via a skype/zoom call
as for questions about how funds were moved. enough info has been revealed already
funds were co mingled into a single wallet. staff and partners had wallet access because all they needed was a thumbs up cell phone text from SBF to do any transfers
even the in exchange balance of customers was treated that his partner businesses were 'customers' of the exchange. and wallet key access player of the reserves on the blockchain(s). so manipulating both internal balance and also real coin holdings was childsplay
its not just fraud of customer funds, its not just breach of contract of customer user agreement/contract its also insider-trading, laundering, false accounting, tax evasion, the list goes on
SBF definitely would have had legal advice to not physically enter the US. and its why his parents moved out of the US in the last month
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well you started with a chefs kiss the link says about: counter-intuitive relationships pervasive phenomenon
it has pictures of a female playing with a guys balls, and tugging and measuring on a guys dangly thing
im just using the subject media handed to me
you also may not have grasped the purpose of the analogy (the underlying point) and instead you just got emotional about the graphic detail of the analogy
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But technically, Bitcoin is still unbeaten; it may take a long time to overtake it.
With the current conditions, actually I also answered this for myself, but indeed I am still not very satisfied with the answer I have, even though I also know that bitcoin is still in the ongoing development stage and maybe even will continue to exist until I am old and not even in the world Thanks for your feedback, I'm very satisfied with some of the answers provided and I'll probably lock this thread so it doesn't lead to other wild thoughts. speaking of wild thoughts. just for a laugh the tulip craze of the 1700's happened its now 2022 and i can still buy tulips in my local florists/garden centre, they still have value and still make businesses profit by selling them
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im just reading into the specifics of e-naira the CBDC of nigeria so pages 19/27 https://enaira.gov.ng/assets/download/eNaira_Design_Paper.pdfhaving a wallet/account on your phone. the spend limit is wallet level 0:(unbanked - unidentified) daily weekly 20,000 120,000 No kyc. just uses phone number as an identifier wallet level 1:(unbanked) daily weekly 50,000 300,000 simple kyc. uses phone number and national identity numberNIN wallet level 2:(banked) daily weekly 200,000 500,000 kyc. uses phone number, NIN and bank verification numberBVN wallet level 3:(banked) daily weekly 500,000 5,000,000 kyc. uses phone number, NIN and bank verification numberBVN wallet level 4:(business-corp) daily weekly unlimited unlimited full kyc. BVN, TIN and Bank confirmation as for those thinking "cwentral bank has politicians that watch out every transaction no page 20/27 However, considering that the CBN is adopting a platform model to market, it means it would rely on financial institutions and other payment service providers to deliver layered value-added services on the eNaira platform. The CBN as such alluded to the fact that the role of AML/CFT checks will be handled by financial institutions who have close proximity and provide value added services to customers. To facilitate this process, customers will have the option to choose their preferred banking partner during the onboarding process and customers will be linked to that bank. The linked banks will as such be responsible for performing AML/CFT checks on the users and ensuring overall compliance. in short the government is not watching you.. but your local payment service provider will. .. much like how the banking systems of fiat work now
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So, spending less and trying to earn more, all of that goes to garbage can some days. I realized, in order to have a bit of fun, you should spend carelessly for just a short period of time. What this does is prevent you from going crazy and stop all together, save for 11 months, go crazy for 1 month, and keep doing that every year so that you would have something to look forward to.
i agree years ago.(when working, pre bitcoin days) i wasted money. on things like fast food, clothing. (i used to just buy new socks/underwear instead of washing them) it would cost me lets say £100 a week of waste money i too would save up that £100 waste money. and once every 3 months have £1.2k where i would then buy something nice and not care if i was on my old work pay .. but stop wasting £100 a week i would put in £350 a month into bitcoin keep £50 a month and on december have £600 to just abuse on shopping for christmas and not care
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I feel like it's fake fear to influence Bitcoin negatively. We are still not sure if quantum computers can somehow decipher things. We are not familiar with how they work,
they are not that complex take binary 0101 logic gate 1 is / and 0 is \ so 0101 is command for stop doing C
however in quantum computing there more options (0,1,2) (im over simplifying many aspects) 2 is / 1is both / and \ 0 is \ now try it using path above in image with using quantum "210" result should be stop performing both task D and B the thing is if the result that would have taking 2 commands in binary to get result required 0101 and 0001 and performed in 2 passes/cycles quantum can do it with just 210 to signal both.. but a normal legacy binary computer does not understand 210. and so "error" invalid command" by a puzzle being designed for binary. it self protects from accepting quantum inputs or processing them in the form of a quantum multi direction/task map so quantum is limited in some tasks it can perform in regards to legacy computer puzzles however. if a legacy binary system was to do a puzzle that was designed for 3d/multi-tasking. obviously a binary system is slower at double tasking. because it has to perform 2 cycles yet a quantum system can do that in 1 cycle, thus efficiency becomes Xrate faster in quantum
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bitcoin 2009-2014 seen by its users as a currency. legally treated as private property
2014-2017 seen by its users as a investment asset . legally treated as currency
2017-2021 seen by its users as commodity asset. legally treated as investment asset
2022 legally treated as a commodity asset
a commodity being a base product used in the creation of other products
so here we are bitcoin in 2022 where the main net is commodity and producing sub networks (of mixed) currencies(ingredients) with other networks (to become products)
but right now this mechanism is not secure. the pegging mechanisms of the subnetworks can be broke. especially on the subnetwork side of the ramps to and from networks as seen many times by the subnetworks and sidenets of many coins.
the current "products (child networks) of bitcoin and foster kids of bitcoin are not secure, not bug fixed and not have the same trust as bitcoin.
however
bitcoin has the potential to strengthen those mechanisms in the future.. and could result on strong child networks(products) in the future..
but bitcoins real strength and value is not in those sub networks. bitcoins strength is in its utility "onchain" we should not be letting corporate sponsored develops disable or limit bitcoin features just to establish better offramps to other networks to push users towards. we should be trying to keep bitcoin relevant and useful for people to use onchain.
yes make secure and stronger features for bitcoin to expand upon for utility outside the network. but not at the cost of making it congested, burdensome, expensive and annoying to use the network itself
we should not sacrifice the mother to spoil the unruly. neglected and untrained child
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Honestly think about it this way.
If it really was that easy and possible. Somebody by now would of just tried to crack the private key for satoshi first transaction with Hal and they would of moved those bitcoins and create a tons of panic.
As far as I know, if quantum computers doesn't know the public key, then it will still have difficulty in getting the private key.
satoshis keys in jan 2009, have both been reused. and were pay yp public key not PKH yet years of fears of "dont re-use" and "public key leak fear" that address of satoshi that was used with hal and then moved 5 more times after from that same address has 5 signatures.. but no one has been able to brute it
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getting rid of all utility of coal and oil is not a thing of reality its the reduction of the emissions of burning that stuff that they are trying
if they can stop importing Xmegatonne. and instead use domestic xmegatonne its not "adding" to the emissions and technically less transport via less imports can be less emissions.
but even in 2100 people will still be using plastic products(oil still used) and coal is also used as an ingredient of the steal industry
so forget any aspect of thinking its a 0% USE of fossil. and more like a net zero emissions from fossil
yes there is a depleting finite supply of coal and oil. so yes they need to reduce waste and burning of it. and instead use the reserves purely for manufacturing and recycling otherwise there wont be any ingredients for consumer products in 100 years
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Due to the exorbitant cost, alternative options like living in a tiny house or inside a vehicle like camper or van are becoming more popular mainstream options. Perhaps that is the segment of the market to invest in as it could very well be the fastest growing.
I noticed the growing number of videos on youtube over the last 12-18 months, of people living in boats, vans and tiny of grid cabins. There is a growing number of people who try to break the cycle of ever rising real estate prices, what i notice. is people see a house for $100k take out a $130k mortgage get the house + a 'nomad' mobile home and then rent out their home for a premium above mortgage. so that they get their mortgage paid(by someone else(the renter)) and get some passive income from the premium but hey if other people wanna sell their home and buy a van and then spend all that house sell income vacationing. thats on them if i was them they should have done the smart plan. use the real estate game to get gains
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bitcoins price is highly supported by a mining industry whos costs are a starting point of about $15k/coin. meaning no one on the planet wants to sell btc for less than the most efficient mining cost on the planet
for another coin to take over with sustainable price support. that coin would need to grab alot of hashpower.
it wont be some scrypt coin because they just dont have enough asics.. to achieve a sustained supported price of $15k+
it would have to be a sha256 coin that steals atleast half the bitcoin asics by mining pool jumping off bitcoin to the altcoin. and gets users and merchants to full node this altcoin more so than bitcoin
of the already existent altcoins of sha256, if that were to happen. it would have happened by now.
so it would have to be a new sha256 coin offering new features that beat bitcoins feature offerings .. if you are talking about the meaningless market cap valuation
i can start an altcoin of 1trill premined coins. sell 0.01 coin for just a penny and create $1trill market cap.. .. for a penny ..
if you are talking about a utility coin that has more merchant adoption and customer use.. ok see you in a few years. it wont happen over night
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the answer is MATHS
staying as they are 2% of GBTC and 2.5% of ETHE is only at most ~$220m and ~$100m (rounded) = 330m a year income
which wont fill the DCG $1b hole this year will it!?
if greyscale wanted to do a "buy back" of SHARES buying back the other crap coins wont net them $1b even if they bought back 100% of multiple trusts because their holdings are way under $1b of value of other crapcoins each
however ETHE does have $3.9b of holdings so its the only option, bar gbtc so buying back ETHE shares is cheaper to do, to get to unlock a stash of coin out of trust.. to then sell
they then sell the unlocked ethereum coin. and then sort out their corporate holes
ETHE holdings per share is the asset value locked market price per share is the offer they give to customer of the trust there is about a 50% discrepancy in the 2 prices
they have ~3mill ether coins lets say they want to buy back just 1mill
so they pay their trust customers the $6.16/share to buy back enough shares to get 1m coins unlocked.(rounded $640m buy back cost)
which then nets the $over $1.280bill to play with
they can then sell ether coins on the public exchange markets. to fill the $1b hole
and then using the $280m spare($1.28b -$1b) start a fresh ethereum coin public buy up from the public exchanges at a new lower public exchange market price next month, compared to this month market price
and put back in X ether to sit along side the 2m ether they still have locked in trust, hoping that the public market corrects down enough to get as close to able to buy back 1m ether to be back where they sat today
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opposite is true
you need transparency to prove democracy otherwise people will cheat the system using anonymity
sharing info and broad agreement on the vote count. is needed to be a fair vote/consensus
if votes are done anonymously then people can double vote and false vote where its not accountable to be sure of a fair vote
.. saying that . having something transparent does not mean it require WHOLE LIFE history invasion. just the quantifiable data limited to the purpose would be required
no one needs to know your first pets name or what sandwich you bought yesterday to vote., but you would need to: show id to ensure you didnt vote at 5 polling stations. or you show a ballot paper posted to your address where you only got 1 ballot which is your only chance to vote
note: blackhatcoiner, you seem to have a paranoid level of fear of being watched. where that worry you have causes you stress and easily triggered anxiety i have the solution. angelo.... im watching you
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beauty for the honeymoon period.(first 7 years) but character if you want it to last until the 60th anniversary
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there are some fundementals outside of the market price
the most cheapest method to acquire bitcoin on the planet is the most efficient mining cost on the planet (lowest electric price, cheapest hardware/hash) below that NO one on the planet can get coin for les so wont be selling for less this causes a support/stop point where no one sells below.. creating a supported non-zero bottom
currently for a 2022 average its about $15k bottom so no surprice the speculative market above this is testing this bottom and not pushing through below it
same goes for the top. most expensive method to acquire bitcoin is the most inefficient mining (highest location on planet for electric)
in late 2021 it was $75k. which is why markets fixled out of demand at ~$70k range where majority of planet could mine for less so why need to buy at such a premium
if you can calculate the lowest mining based on low electric and hardware. you find amount X
if you can calculate the highest mining based on highest electric and hardware. you find amount Y
this X Y window. is where the market then wiggles in between
in short it was never suppose to go to $100k in 2021 and never suppose to go to $10k in 2022
when it comes to hashrate. efficient miners do not play to daily whims of hashrate. they have electric contracts of 6-24 months. so work out the average hashrate of 6-24 months and not a ''moving spot" of daily hashrate calculation
expensive hobby miners do switch of quickly so do those calculations on daily rate of hash
the hashrate of the "bottom" needs to fall alot and sustain the drop long term(6+months) to truly affect the "bottom" of the X Y window because those efficient miners bought 6+months of electric so wil mine no matter what the price is over 6+months.
so it would take alot of hashrate drop and drag to drop the bottom X amount of support
enjoy
hint: 2022 electric crisis increase price not contracted in yet. use 2021 electric prices 2023 will have efficient electric contracts of 2022 prices
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