any moment. minutes? hours? A badger is never late, nor is he early. He arrives precisely when he means to.
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The sell wall on $50k remains untouched for now, I'm seeing ~$30 million in asks between $49.9 and $50k on Binance right now.
I have a feeling we're about to 'cross the Rubicon' here.....
They will all be pulled at the last moment. Like always.
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100 BTC wall at $49,500 gone in 60 seconds. I love the badger.
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You guys are mindrust obsessed. Let it go !
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That $50k resistance is just slowly being pounded away.
At dawn the ravens will gather to feast on the corpses of the shorts.
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Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
Not necessarily worthless. You can add a fake piece of information, but it's timestamped. What matters more, it forces you to fake later info related to the first fake piece. You can't go back and fix the logs after the fact. This can be valuable even if the info itself could be fake. As someone who pays other people to sanitize databases, I disagree. A large database where you know 1% of the data is invalid but you don’t know which 1%, means you have to validate the entire database from top to bottom for mission critical applications. So any errors in a database can easily invalidate the entire database. It all depends on the severity of the consequences of relying on bad data. For non-mission critical stuff, 90% correct might be just fine. For a blockchain application where people are putting their trust and faith in the blockchain, that sounds mission critical to me.
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Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
can be fake...maybe...not sure if 100% true due to decentralized oracles. without going into too much detail, here is some info on the underlying problem and an attempt to find a solution. https://medium.com/better-programming/what-is-a-blockchain-oracle-f5ccab8dbd72I am not sufficiently math savvy to ascertain whether it is a real solution or not..js it seems that bitcoin does not need that, but some sidechains might. Assassination markets surely do. I discovered an article while researching bitcoin, some time before buying my first. When I first read it, bitcoin was very young (I think the article itself predates Satoshi's public work) and believed to be practically anonymous. The fact that it isn't anonymous is not actually relevant as long as other private coins exist, or privacy can be enhanced with add-ons. There was no Wikipedia article on assassination markets then, but the revolutionary implications of this idea struck a chord. I had a flash of Bitcoin's potential to change the world, finance apart. Here's the article, still in its original form: Assassination Politics. Hang on a second here. Assassination markets have nothing to do with blockchain. Yes they are arguably more efficient when using cryptocurrency but we already know that dark markets get busted / do a runner constantly. So while there is a theoretical argument for assassination markets (which tends to fail in real life), it doesn’t prove the case for blockchain. Biodom I will have to read your link. Edit: Biodom I have read the link and am none the wiser. Do these decentralised oracles vote? What stops sock puppet attacks?
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Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology.
To be fair, I think a few use cases for blockchain technology exist - like cryptographically reliable timestamping of certain transactions. The shipment industry could be an example, or the stock market and the clearinghouses behind the curtains, where strict timing and prioritization of trades could be made transparent. The only important property is that you can't touch a past block without invalidating later ones. However, such an unwieldy, inefficient, slow thing as a non-permissioned, fully distributed blockchain, with PoW, ...well, then of course there would be no need. Except for bitcoin the problem is that the only thing that is unforgeable is the transaction history of the used decentralized token. the only thing that a bitcoin protocol can guarantee AND enforce is the genuineness of the token. it cannot enforce anything outside of the protocol. they are called token because all they can do is represent. the tokens can not be attached to any thing in the physical world. supply chains or transport chains cannot be trusted only because some software is used. a bad actor can always just betray the system, the software cannot enforce anything. the bitcoin protocol can enforce the the rules that make a bitcoin a bitcoin. this is a closed system. since it represents money (which is an abstract concept, that is why has so far reaching consequences) we get a money that is not forgeable, cannot be censored, etc, etc. the bitcoin protocol could not represent a container or an egg to make it a "honest" egg or container. Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
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a little OT: Do you think the crypto ban in india will effect the price or is it already in the price (so no effect at all)?
India has been banning crypto for over 10 years now.
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[...] you think bitcoin is a lost cause?
[...]
Nope!... I think its the best tools people have for now. (besides some sh!tcoins that they can buy at 0.02$ and they can make a quick buck to catch up the big BTC) You can always trust a shitcoiner to make the right choice, after they have tried out every other conceivable alternative.
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This chart is too bearish. We aren’t topping out at a mere $100k this year.
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Panic buttons were removed from Congress offices in the days before the incursion. “Every panic button in my office had been torn out — the whole unit,” Groh said, despite noting she had previously used the buttons in that same office. Groh said in the interview that she did not know why the buttons had been removed.
In a statement to The Hill later on Wednesday, a spokesperson for Pressley said “the matter has been raised with the relevant agencies and is currently under investigation.” The representative said the “duress buttons” had previously been “installed throughout the Congresswoman’s office suite.”
“Our staff has used these devices before and they are regularly tested and maintained,” they said. https://thehill.com/homenews/house/534064-pressleys-chief-of-staff-said-her-offices-panic-buttons-had-been-torn-out
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When you can’t go anywhere without overhearing people excitedly talking about crypto, get ready to sell.
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I deleted my comment as I decided it was unnecessary sermonizing. However I did not do it quite in time. Merited your post for opening my eyes to new forms of art in a tasteful manner.
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On Jan. 6, 2021 a violent mob attacked the United States Capitol to obstruct the process of our democracy and stop the counting of presidential electoral votes,” Cheney, of Wyoming, said in a statement. “The president of the United States summoned this mob, assembled the mob, and lit the flame of this attack. Everything that followed was his doing.” The president could have immediately and forcefully intervened to stop the violence. He did not. There has never been a greater betrayal by a President of the United States of his office and his oath to the Constitution,” she said. “I will vote to impeach the president.” Quotes from Liz Cheney, No 3 House Republican https://www.bloomberg.com/news/articles/2021-01-12/senior-house-republican-cheney-says-she-ll-vote-to-impeach-trump
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