slightly stable bitcoin price = they say - irrelevance bitcoin price goes up drastically = they say - bubble bitcoin price that fell drastically = they say - scam i am confused as to what exactly the ECB wants (can we send them a green dildo)They're saying Bitcoin is relevant, and wishing it wasn't.  |
|
|
|
Fixed it for you Oh noes guyz, the ECB says that Bitcoin is "on the road to irrelevance" ! I guess it's over.  European Central Bank says bitcoin is on the ‘road to irrelevance’Also the normally "liberal left wing" Economist has this image on its next edition:   |
|
|
|
buddy failing to hold 17k.
oh well.
Bitcoin keeps going up a little bit, then down a little bit. Hopefully it will be back up a bit soon. The train's just getting warmed up.   Sooner or later it will speed up.  |
|
|
|
...
I find blanket assertions that CZ is evil or CZ is just like SBF to be quite contrary to the facts, even though some assertions about parallel practices are surely fair to make.
...
 |
|
|
|
Grabbed a piece today on top of the dca .
, dca is on friday.
A right move at the right time. Good luck. I don't know about that. You gotta take the whole thing into account, and I really doubt that we have enough information for that. ...  |
|
|
|
... But the world does care about the US financials including SEC... and FED's hikes clearly show it... unfortunately...
Sure.. the whole world might say that they do not care about the US financials, such as SEC, FED hikes etc.. but there are still plenty who follow and use as guidelines.. so your assertion of purportedly "not caring" comes off as mostly lip service rather than actual practices and factual happenings. ...  |
|
|
|
I am all fine with proclaiming that something is not enough... yet? Do we want to go from zero to perfect? And, what is perfect? What would be perfect? Is perfect achievable? Is perfect even desirable? I am not saying don't do nothing, but still there are balances to any of these matters. Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)? That would be a start, no? That would be a step in the right direction, no? Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction? Do we believe that a company is going to show everything? Every single thing? Where's the incentive to show every single little thing? And where is the verifiability in terms of showing every single little thing? At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin? Everything else requires some level of trust, no? So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there? Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency? Then when is it going to stop? When are the disclosures going to stop? First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too? The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam. CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out. But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers. I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure. Especially since he is the one who started it and apparently thinks he has all his dominos lined up. https://www.youtube.com/watch?v=DelF6zEHXpEI suppose he needs a gigantic audit team to consolidate his own numbers. Just look at his "corporate structure", if it can even be called "structure". It is absurd that to this date I believe he hasn't clearly stated where the headquarter is. It is not just about where they are registered. It is about how and where any issues could seriously be addressed. He doesn't care. When Malta said Binance has no license, he just moved on. The fact that Binance now established some headquarter in Paris is really puzzling. I don't know what happened behind the scenes and what guarantees Binance received from the French government, but when the decision between Ireland and France is made in favor of France, something must be going on. Is this where the company seriously pays tax? Or is this term "headquarter" now just the place where the biggest office with real people working there is to be found?... I don't know if this still applies, but in 2018 he deliberately kept all those company details secret. https://economictimes.indiatimes.com/markets/stocks/news/cryptos-billionaire-trading-king-has-suddenly-run-into-problems/articleshow/63533807.cmsZhao keeps the locations of Binance’s offices and servers secret -- making it tough to determine which country has jurisdiction over the company -- and he instructs employees to keep quiet about their affiliation with the exchange on social media. He said he never stays in one place for too long, living out of short-term rentals and hotels in Singapore, Taiwan and Hong Kong (where he prefers the Mandarin Oriental or the Ritz-Carlton). |
|
|
|
He is mostly right, although I don't believe that US-based VCs would not invest offshore IF SEC put screws on "crypto" in US. It is very easy for them to spawn a subsidiary on some island and proceed from there. BTW, Fidelity already opened up some beta site for retail investment in something they call "bitcoin", but, apparently, you cannot withdraw such 'bitcoin", lol. Fake bitcoin would be the next "thing" among banks, me thinks. I read that twitter story by Mark Moss and I should apologize in advance if my questions are way too newbish... I am very new to crypto I invested in btc and some altcoins and I really believe that btc is the future. While this Mark's does make sense to me, I have had some questions though... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Since SEC is a regulating authority, shouldn't it its decisions be approved by both senate and congress before going public which seems hard to me since they belong to two different parties now? What about btc forks (I know most of them is a total crap) - how would SEC decide which of them is a security and which not? On a larger scale - all real POW projects - how to spot a security vs non-security. It just seems to me very time consuming job for SEC given that lengthy battle against XRP... My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Any insights would be appreciated.... PS I also anticipate a bunch of lawyers from large crypto projects suing SEC obviously they dont want to loose their money because of SEC good questions... If SEC could be so tough to declare all crypto except btc as a security why they have not won that battle against XRP for such a long time? Because both parties are throwing 100 of mil (minimum) at each other. i don't really know the current score. If XRP to disappear, bitcoin would not be affected. the question of forks is not relevant anymore due to their size or the lack of it. My personal take on this (I could be wrong of course) that just an announcement that SEC starts its review whether all crypto is a security will likely put entire crypto market into a lengthy bearish season... Why is this? It's all Howey-test based idiocy anyway. The world DOES NOT care about security/not security...it's SEC who are obsessed over it due to, I guess, the desire to "regulate" everything. If you are angling to predict when is the good time to invest (if ever), then you will never DO IT. Your loss. But the world does care about the US financials including SEC... and FED's hikes clearly show it... unfortunately... I was not angling at a lower price for BTC and some altcoins, I am using a DCA strategy anyway. I personally think that now is a very good price to buy btc regardless of future SEC actions... However, my concern that SEC actions can put all crypto including btc into a bearish chaos... Does it make sense The attacks will trudge on when eth shits the bed in late 2023 to early 2025 ... Is that when they allow spending locked staked coins? Is that what this guy is talking about?  |
|
|
|
Is SBF still speaking at that event tomorrow?  |
|
|
|
Indeed a good read. A bit sad because I think a lot of people are going to be disappointed for not having bought Bitcoin instead. Well, live and learn. Some people just need to learn the hard way.  |
|
|
|
FTT Holders?  I am not sure if that image captures the matter very well. Something is off. When we refer to the FTX we have to describe some kind sneaky deliberateness that is coming from FTX/Genesis actors... but there are other things happening too.. Need a MOAR better meme.... Also, surely some of the investors were innocent, but there is something going on with the investors too.. to get caught up so much with such lack of verification of assets and lack of due diligence and .. just a kind of lemming/sheep momentum in which there is following because everyone else is doing it.  ...huge hands, though...huuuge. Is this any better?  |
|
|
|
FTT Holders? I am not sure if that image captures the matter very well. Something is off. When we refer to the FTX we have to describe some kind sneaky deliberateness that is coming from FTX/Genesis actors... but there are other things happening too.. Need a MOAR better meme.... Also, surely some of the investors were innocent, but there is something going on with the investors too.. to get caught up so much with such lack of verification of assets and lack of due diligence and .. just a kind of lemming/sheep momentum in which there is following because everyone else is doing it. |
|
|
|
little fun  This is just for fun  Only an intelligent person can reconcile this calculation. Let's see who can match this calculation correctly.  ... Wait a second! Am I doing your homework for you? ... Yes, you just saved him $5.99   |
|
|
|
I read somewhere very early that PoW and PoS are two ways of climbing the same mountain. May be someone agree too or correct me.
Except POS has nothing to do with climbing the same mountain. It is at best simply a centralized unsecured unregulated bond based on code. POW is a power conversion based system that uses energy, code and hard gear. It is also decentralized. POS does not belong in the crypto space. Only decentralized Pow coins qualify. Not an opinion just factual. So under 100 coins qualify as crypto. POS should be under codo coins. But I have lived long enough to know that is not going to happen. It's giving me a headache.. again to feel that there is any need to even go down this road.. .. there is no there there, but you (WatChe) still want to somehow suggest that POS is actually adding something of value?
That's why I said either agree with me or correct me. Thanks for correcting me. @JayJuanGee your detail elaboration on every matter is what makes WO stand out. Edit:philipma1957 and @JayJuanGee may be you referring to this with respect to PoW and PoS?  Close enough I find it problematic and/or misleading trying to give ethereum some kind of a platform in which you try to compare it to bitcoin, as if ethereum were some kind of valid product/project. The main thing that makes ethereum valid is that they are marketing it as if it were something similar to bitcoin when it is not. I already mentioned that there is a missing denominator in ethereum.. no one has any clue to how many coins there are starting with, and that is not just a tiny problem.. it is a lack of transparency that causes the whole thing to just be a marketing scam.. even though you have people/businesses building on top of it. ...  |
|
|
|
I know btc btc btc.
Focus ur lil selfie focus focus  You can do it.  |
|
|
|
Bitcoin's just gone up a little bit! |
|
|
|
Not one mention of Bitcoin in that article. Unfortunately many people still confuse Bitcoin and "crypto". The referenced article do says few negative things about bitcoin : " Between 2010 and 2022, bitcoin recorded 29 episodes of drawdowns of 25% or more. By comparison, equities and commodities recorded just one each. Even in the pandemic-related market sell-off of March 2020, bitcoin suffered significantly deeper drawdowns than conventional asset classes such as equities or bonds.
Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. " IMO these are just what people are saying about bitcoin since its inception. They saying how many times bitcoin fell not how many times it went up. If lying about Pow vs Pos was properly punished the Piece Of Shit that wrote this would suffer the torment of Prometheus 3 fold in that their liver and their testicles (or ovaries) would be devoured and regrown every day for all eternity. https://en.wikipedia.org/wiki/Prometheus the story is on wiki Banking uses more energy than bitcoin mining.  https://cointelegraph.com/news/banking-uses-56-times-more-energy-than-bitcoin-valuechain-reportA research report published by Michel Khazzaka, an IT engineer, cryptographer and consultant, calculates that Bitcoin payments are a "million times more efficient" than the legacy financial system. Plus, the banking sector “uses 56 times more energy than Bitcoin.”
The report compiles almost four years of research and suggests a new calculation for estimating Bitcoin's proof-of-work energy consumption. |
|
|
|
|
Show Posts
