user-friendlyness is the way to go
many protocol level stuff and wallet level stuff have been subjugated for the tech elites. they create silly buzzwords that average joe never heard of and made to sound complicated and then made complicated to try to make it seem that you need to be a pro to use it
things need to be brought down to a ELI-5 (explain like im 5)
I just wanted to capture the ELI-5, which is entirely new to me and I like the idea it portrays but, I choose to let some as above statement go with it. I understand that every field have got its terminologies and it’s easier to speak that way but for easy understanding but, you might be only speaking to very few individuals who follow through on these terminologies and living a whole lot in awe! That’s what’s really become of the rest of this forum when met with technical discussions and as such, directly become unproductive as per the ideas they could give. No doubt there is room to learn and of course a lot of users do try but, being more accumulative with how these terms by not using another term to explain another and so on would aid users understanding and follow up on a discussion.
I think one of the major problem and some of the reason it has have a major shift from being used for an everyday currency is the issue of fees. If this is settled, people would be pushed to use Bitcoin remotely and come ease to usage comes ease to adoption. No one wants to have there transaction delayed, pay more on fees over a few dollar worth transaction or have a transaction cancelled after supposedly have closed a deal on trust. even with congested high fee's, setting up a 1 or 2 time transaction of say a family trust could be cheaper using bitcoin than fiat, even with bitcoins congested fee rate.. however many normies still wont use bitcoin to store family wealth in bitcoin due to how elitism bitcoin is becoming with its terminologies which scares normies from even trying because they think its more complicated than fiat trusts.. EG people are told they need to run full nodes for full control, then learn what a full node is, then learn the command prompts and config file edits needed to set up a full node, then need to learn what a blockchain and a transaction and [insert needs] just to understand things before even just making a transaction. theres silly words only bitcoiners know like instead of learning about accumulating wealth they gotta learn how to say HODL we still need to normalise terms and explain things within wallets for normies to just use without them needing a lengthy learning experience.. its even getting silly where core even want to remove built in legacy tools from core, meaning people will then need multiple programs just to do a simple legacy transaction in the near future(facepalm). which wont be a simple copy/paste job but a 'migration tool' made to be complicated/cumbersome on purpose to attempt to make people not want to use legacy due to the added annoyance(facepalmx2) even in this forum there are people that talk in topics for years that still dont understand basic concepts because they feel its too much of a hardship to do the research, and they instead decide to play dumb hoping someone would spoonfeed them answers like a baby which they can just repeat to sound smart even if they dont understand it, or cry that they are being misled because they are hearing different versions of advice things just need to be kept simple and explained in normal terms rather than having a bunch of idiots using buzzwords to sound like experts but then misleading normies for instance self controlled family trust operations, can be worded in normal speak rather than buzzword techno speak EG multisig : groupfund/trustfund/family trust scripts : terms and conditions m of n : number of signers of group total |
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user-friendlyness is the way to go
many protocol level stuff and wallet level stuff have been subjugated for the tech elites. they create silly buzzwords that average joe never heard of and made to sound complicated and then made complicated to try to make it seem that you need to be a pro to use it
its the same nonsense that many industries over the last century try, they try to over complicate things to try to create a whole sector of industry that requires professionals rather than normies
bitcoin needs to revolutionise finance to make it more simple than fiat.
for instance in fiat setting up a trust has been made to sound complicated and requiring lawyers and bank managers and notaries.. however in crypto multisig is actually simple, but made complicated via buzzwords and annoying wallet standards.
things need to be brought down to a ELI-5 (explain like im 5) standard where even kids at a school can form a group fund to share value and decide who owes what. so that even a kid can set up a family trust in crypto.. without the need of reading white papers and instruction manuals/videos or the need to get a adviser/middleman/manager to deal with things
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bitcoin is a public ledger on purpose so the network can audit that the value transfer is real to avoid new/fake/unruled currency unit injection and avoid double spending and other financial security failures which can happen in other systems of lax financial security
tricks like gmax/a.backs' CT are not true privacy of the users involved. but just appearance of randomising the amounts within the group of who received what within a small set group, and done in a bloated wasteful data way, thus not really achieving anything, because child transactions upon leaving the set group later reveal how the amounts are then distributed.. it only works if the group stay together and keep spending within the group.. for outsiders to not know who received what(research 'federated transactions'/multisig groups). as soon as they leave the group to take their shares it then undoes all the effort and outsiders then see who took what.
in short it only hides the spend amount of that moment not the end net result of who gets what when they go their own way outside the spending event
the funny part is you dont need anything complicated at protocol level to achieve CT, it can be done at a groups own wallet level of agreeing to use a agreed signing process. without needing all the added bloat
hence why CT didnt go far
bitcoin already doesnt request human identifiers to move value.. and if we start messing with the auditability of the value itself where its no longer easy to see value being spent did originate from a real blockreward. or which address authorised value transfer it owned.. it then breaks financial security, thus breaking the purpose of bitcoin as a whole.
id rather have sound money, not mumbled deaf money
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so yes governments want people to spend money as soon as they get it so it circulates faster and they can get several rounds of chunks of tax per year from one allotment of cash
The system is designed and programmed to take from us. I don't think there is a way to beat the system legal unless the individual goes off-grid and starts living the mountains or forest. As long as the individual is receiving the government currency, a portion of it must return to them..safe to say we spend our years working for the government. There's no escaping from it. many people do beat the system.. you just have to understand the system first. the method to beat the system is to learn the tax laws to know how to reduce the amount of tax you pay*. and then also organise your spending habits whereby you keep enough income to then invest. whereby the investments then encourage bigger returns FOR YOU which you then again mitigate the tax implications of those returns. so that your wealth grows rather then your expenditure to the government *learn when you are suppose to pay(avoid late penalties/fines/costs) *learn what you are suppose to pay(avoid overpayment) *learn any exemptions, reductions |
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governments main income is tax, and tax is not just from citizens income but from their spending of that income, which then leads to a cycle. which if repeated fast enough can earn the government alot more the faster people spend their income(live pay-cheque to pay-cheque)
when you spend. you pay sales tax. retailer then pays corporation tax the retailer also then needs to pay workers which is then income tax
so the circle begins again. the faster you spend the faster the cycles cycle
those hoarding value dont circulate it. which hurts governments income streams.
so yes governments want people to spend money as soon as they get it so it circulates faster and they can get several rounds of chunks of tax per year from one allotment of cash
where as those trying to be less reliant on a 'pay-cheque to pay-cheque' lifestyle want to save and invest their income.
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windfury, you do not do research you just repeat narratives of doomad
stop crying about how you feel insane and just learn about the topic of taxes..
no one cares that you feel insane. because you are the one making yourself insane by not doing the research on topics. you deserve no pitty when you cant even be bothered to do research on the topics you cry about that make to feel like you dont know what you are talking about..
so stop crying and learn the topics, then you wont fee so inadequate each time. and wont need to sound like an idiot quoting other idiots
anyone can do a word comparison of your posts compared to doomads and see the similarities
how about stop being stuck in your echo chamber of his narrative that has been debunked. and instead just get on with actual research using actual data
learn some tax law for instance, for yourself, independently, for your own benefit of your own funds and your own risks of tax liability.. instead of crying out to be spoonfed by some mentor who wont protect you when you realise the advice they asked you to narrate and copy, causes you problems
they wont protect you when things go wrong for you. no matter how much they currently try to befriend you into their lies
protect yourself do your own research from actual sources
EG learn from the IRS, SEC and FATF guidelines and other such matters related to crypto financial crimes and activities from the actual documentations of the IRS, SEC, FATF
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The Uniited States tax laws are insane. Despite several attempts to try and wrap my head around it, I hit a brick wall every time. It seems like a design intended to indict people rather than make the process easier for them, you have to figure out what to do and when to do it, otherwise you'll face prosecution.
Let's see as more details unfold regarding this case.
- Jay -
As someone who worked with helping people file their taxes in the US, I understand why there is a huge number of citizens that do not know how to file for their taxes and would rather pay other people to do it for them, even if it means that it might be an additional amount equivalent to the tax that they should be paying. This goes out to individuals that are earning modestly and quite 'comfortably', but I'm not certain about people who are earning millions from whatever venture they have. I'm pretty sure Roger Ver knows his taxes. He may have forgotten that he's still obligated to pay his taxes (that's how absurd it is) even though in his mind, he no longer has this obligation to the US. years ago there were some social media trends about tax avoidance by seeking citizenship else where. and alot of people didnt and still dont realise that by the very act of trying to change citizenship is a trigger of a taxable event in of itself. back then we had many crypto scammers trying to offer citizenships onboard their off short boats, seapods, steasteading campaigns.. it was hilarious calling out them scams. many dont realise that revoking your own citizenship stops the clock meaning it alienates you from the laws that could have aided you. and you are then stuck as an outlaw knowing if you returned, you will get targetted.. its much easier to just learn the laws to learn the loopholes of how to legally avoid tax, rather than find the evasion tricks found in social media ,, one other thing about one of the charges against ver is a silly administration one that started the headaches against ver vs irs.. him filing a valuation based on 3/2/14 instead of 2/3/14 (well if you are in the EU or US they switch meaning of actual calendar real time..) EU 2/3/14 is 2nd march but in US is 3rd Feb thats where one of the charges are called 'erroneous' because its just a slip up. but started several balls rolling of vers arguments against valuations in 2014+ so even little errors can start big avalanches
as for society as a whole when the law society made tax law a speciality, they had to make it worthy, thus they ensured basic tax filings and tax understanding was not taught at highschool. thus creating a whole industry and university required education system and business sector out of it if all high school kids knew how to file taxes and tax law was as straight forward s it should be.. $billions of business would be lost... .. so now you know why its not taught |
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value is where there has been a cost in somethings creation and someone desires whats been created
creating a mortgage agreement costs nothing.
money creation has no value.
money creation gains value later on once in circulation/in the system
bitcoin however has a cost in its creation.. the mining cost. so has a value upfront at its creation.
yes the value is less than the market rate but thats how value works wholesale value is always under retail price
the difference between wholesale and retail is the speculation based on demand and supply
learn some economics before you disappear for a year and come back with a new name. and lets hope next time you come back with new arguments instead of repeating the same flat and debunked crap you have done previously and currently
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you talk about turds knowing your body can create your turd from your body at low cost after the utility is finished and its time to reject the waste product and relieve it/release it from the body. to then dispose of it and forget about it. which makes turds useless and of no value
but you dont realise specific units locked within a body and move/transfer within a system and produced in that system to do a function is not a turd it is instead a nutrient the body uses. it doesnt/cant leave the system and is useful within the system.. so within that system you need to understand the cost of that nutrient production, for the need, use, desire and intent of the nutrient has a cost
not the waste junk that gets pushed out and rejected and relieved from the system to decay/waste away
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I don't think that is right. Civil and criminal liability are two separate things. the civil case did not expire!!!! this gave the IRS ammo to re look over the filings, paperwork, documentations.. and re do an investigation.. and then due to lack of expiration.. file new criminal case in the last couple years get it yet |
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I'm curious about how the statute of limitations will apply. Much of the indictment refers to alleged crimes happening many years ago.
It appears the statute of limitations for tax fraud is 6 years. nope.. its much longer https://wiggamlaw.com/blog/irs-10-year-back-taxes-statute-of-limitations/Can the IRS Take More Than 10 Years to Collect Tax Debts?
In some cases, the IRS can take more than 10 years to collect tax debts. This happens when an event causes the clock to stop ticking on the statute of limitations and the deadline gets extended. This is called tolling the statute of limitations.
To give you an example, imagine that you have five years left until the statute of limitations expires. Then, you take an action that pauses the clock for two months. At the end of those two months, you still have five years left on the statute of limitations. If the clock had not stopped, you would only have four years and 10 months left.
Tolling the Statute of Limitations
Here are actions that toll the collection statute:
Applying for an offer in compromise — This tolls the statute from the day you apply to the 30 days after the IRS rejects the offer.
Requesting an installment agreement — When you apply for a payment plan, the statute is tolled while your application is pending.
Filing an innocent spouse claim — The statute tolls on the day you apply, and then it restarts at a range of different times depending on the situation. It only tolls the statute for the spouse who applies. It doesn’t affect the CSED for the other spouse.
Filing bankruptcy — This tolls the statute during the bankruptcy case and for six months afterward.
Filing a Taxpayer Assistance Order — The statute is tolled from the day you file the assistance order until the Taxpayer Advocate issues a decision on your request.
Appealing a collection action through a collection due process hearing — The clock stops from the time you appeal until 90 days after you receive a decision from appeals.
Leaving the country for six or more months in a row — In this case, the statute does not expire until at least six months after you get back to the United States.
in short being an expat in another country means the clock stops when you left. but when you return they can start the clock again. so even if you left the country in 2014 and returned in say 2022.. the deadline of a 2014 case only starts its first year in 2022 That article is referring to collecting back taxes, a civil matter. I was referring to the criminal prosecution for tax fraud. step 1. 10+ years statute about collecting taxes. which yep is not 6 years and has not expired due to what i referenced which ver didnt pay(they say $48m IRS loss) which triggered step 2 step 2 new criminal case, which that can do within the (step 1)statute of limitations, to then file a criminal case to get extradition ball rolling this new case which found abnormalities in the original civil case paperwork thus got the courts to move forward to get the international authorities to arrest him in spain and seek extradition back to the US to answer to step 1 and 2 claims/charges against ver in short.. back in 2014.. his first 2 mistakes were a. not accounting, documenting filing accurate holdings.. and not paying the tax owed b. expatriating, thus pausing the clock.. meaning even if he left for 1-100 years IRS can still investigate him... and they did 9 years later |
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I'm curious about how the statute of limitations will apply. Much of the indictment refers to alleged crimes happening many years ago.
It appears the statute of limitations for tax fraud is 6 years. nope.. its much longer https://wiggamlaw.com/blog/irs-10-year-back-taxes-statute-of-limitations/Can the IRS Take More Than 10 Years to Collect Tax Debts?
In some cases, the IRS can take more than 10 years to collect tax debts. This happens when an event causes the clock to stop ticking on the statute of limitations and the deadline gets extended. This is called tolling the statute of limitations.
To give you an example, imagine that you have five years left until the statute of limitations expires. Then, you take an action that pauses the clock for two months. At the end of those two months, you still have five years left on the statute of limitations. If the clock had not stopped, you would only have four years and 10 months left.
Tolling the Statute of Limitations
Here are actions that toll the collection statute:
Applying for an offer in compromise — This tolls the statute from the day you apply to the 30 days after the IRS rejects the offer.
Requesting an installment agreement — When you apply for a payment plan, the statute is tolled while your application is pending.
Filing an innocent spouse claim — The statute tolls on the day you apply, and then it restarts at a range of different times depending on the situation. It only tolls the statute for the spouse who applies. It doesn’t affect the CSED for the other spouse.
Filing bankruptcy — This tolls the statute during the bankruptcy case and for six months afterward.
Filing a Taxpayer Assistance Order — The statute is tolled from the day you file the assistance order until the Taxpayer Advocate issues a decision on your request.
Appealing a collection action through a collection due process hearing — The clock stops from the time you appeal until 90 days after you receive a decision from appeals.
Leaving the country for six or more months in a row — In this case, the statute does not expire until at least six months after you get back to the United States.
in short being an expat in another country means the clock stops after 6 months when you left. but when you return they can start the clock again after 6 months of arriving. so even if you left the country in 2014 and returned in say 2022.. the deadline of a 2014 case only starts its first year in 2023 also if you stay out the country for 10-20-50 years. then returned. the clock doesnt go away due to length of time away. it just starts ticking again when you return for more then 6 months even after [insert any time away] |
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You're really a top notch swindler. You use words to try to make your worthless BTC units look valuable. But doing this here is tragicomical. It's like trying to convince people that turd is more valuable than food.
it costs $0.08 to print a $100 bank note it costs over $25k* of hardware and electric to create 1btc *$25k Slavic countries low electric -> $150k pacific islands high electric so if people see the market rate of ~$58k some see it as great discount to buy. some see it as good profit to sell. but overall there is real cost underlying bitcoin. thats not at a 0.08% rate, but more so depending on location 45%-280% also james under your other alt account in previous years, you said the same stupid stuff of not understanding fiat economics and bitcoin economics.. so why make a new name just to say the same crap. atleast learn from your mistakes and come up with new mistakes, .. or a new idea/theory. why repeat the same crap again |
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JamesNZ thinks banks give out peoples money as debt to others.. that alone shows how little he knows about economics of FIAT.. let alone bitcoin and fiat has been around alot longer than bitcoin so he has had plenty of opportunity to learn about how fiat works, yet he has failed FIAT mortgages are not about giving your money to mortgage applicants, thus mortgage payers do not owe you. what actually happens is banks total up the bank account customer holdings and produce a number.. this number is REPLICATED at a ratio to become a new allowance that banks can make(create new money) to offer out as credit/mortgages with stipulations that the receiver has to pay back TO THE BANK over time +interest to refill the used BANKS credit allowance amount OF THE BANKS CREDIT thus its not actually your money they use in mortgages and mortgage payers are not repaying you...
as for bitcoin. because it is codified as a rule to produce a set amount over a certain time, which depreciates, it makes bitcoin a strong value unit which has real creation cost which people base underlying value of, and then apply speculated extra amount based on desires, utility and demand which the creates then market rate. the market rate is a variable amount that is more volatile than the underlying value. but bitcoin has a high underlying value compared to the creation cost of fiat. bitcoin has a deflationary production rate, fiat has a inflationary production rate. new bitcoin units (sats) production rate depreciate in amount over time but the cost of production(mining) increases. there is also an ultimate limit to how many will ultimately be produced, which adds an extra layer to the value, speculation decisions that become the market rate of those wanting bitcoin bitcoin does have real world utility, which adds an extra layer to the value, speculation decisions that become the market rate of those wanting bitcoin making bitcoin (said again for emphasis) a stronger value unit compared to fiat
Suppose that someone invented a crypto postal service. Or is short a crypto-post. Its purpose is to transfer envelopes and packages quickly, safely, and decentrally. However, there is a catch. The envelopes and packages are empty. They contain nothing. From the outside, the crypto-post would look similar to a traditional post. Because obviously, a traditional post transfers envelopes and packages. And that crypto-post also transfers envelopes and packages. But in reality, it would be the dumbest thing ever invented because it transfers envelopes and packages that contain nothing.
lets delve into jamesNZ misconceptions of his postal analogy firstly sats are stamps stamps are used to pay for parcels but also are contained within the envelops, whereby people can transfer stamps the envelops are transactions which contain the stamps and show the destination of the stamps yep stamps pay for the envelop outside of the envelop(tx fee) and also transfered within the envelop(transfer) there is a underlying cost to the postal service which is rewarded by creating stamps which can be sold to cover costs of the postal system there is a limit to how many stamps are produced per batch of work done to process envelops. and that amount of stamps reduces every 210,000 batches. this creates a cost-reward-market economics for the postal service which people then see as collectable and tradable stamp market. as the postal system gets more popular the underlying processing cost increases and the amount of new stamps decreases over time raising the underlying value of the stamps. people then ontop of the value then speculate a more volatile market rate retail price of the stamps based on demand, desire and other aspects so its not "empty envelops" |
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the fee's are rewards to MINING POOLS
miners just work for the MINING POOL
its the mining pool that collates transactions together and offers a good 'salary' share scheme to its workers to work for the mining pool rather than another.
(if a pool didnt collate junk for high fee, the workers would find a different pool to work for)
its like buying a car. yes the manufacturers workers get paid to help build a car, but ultimately the funds benefit the car brand manufacturer
too many people want to blame the independent miners. when most beneficiaries of the whole economics of production is managed by a higher up
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how about not trust social media of either twitter or this forum as something you BLINDLY follow
and instead do your own research of the actual regulations
the reason you think your going insane is because you dont do research and instead just believe what people say without checking out the data, code, facts to realise who is right or wrong
for years you have blindly trusted an idiot who has been pumping you full of gas and when someone enlightens you, you get burned and blame the person that enlightens you
so if you dont like like being gas lit as you call it.. stop blind trusting and actually do some research for once
its 2024 google can send you straight to the regulations pages, the guidance for VASPs in seconds. tax guidance. pretty much anything you need to learn can be found fast via searching
stop wasting years reading idiots tweets and just look for the facts of real data, code and proposals..
grow up already, gain an independent mind that wants to learn instead of cry when you get enlightened
stop depending on ass-kissers, who spoonfeed you like a baby
"bitcoinmom" least of her problems is the IRS, her son done alot of dodgy lying promotions of the other network(that doesnt have its own blockchain) you adore and you stupidly think is bitcoin.. no wonder you cry like a baby if you believe her without checking and then get burned when you get enlightened by their lies
IRS do not care about cold storage!!
they care about the conversion to fiat, as thats when they class it as REALISED GAINS/LOSSES
it doesnt matter if you have fiat in a leather back-pocket wallet, stacked under your mattress or in a bank account. you need to declare either way and then explain the category of why you received fiat. EG inheritance, gift, loan, income, investment, private car sell, etc.. which all come with different tax consequences and %.. some come with exemptions, some come with allowances
its upto you to learn this stuff
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But I don’t think ronaldo’s fans will also care too much about what’s wrong or right lots of fans blindly follow whoever they idolize so don’t be too worried about binance nor ronaldo
but his fans do care... they are blind because they trust him... its that trust that comes with responsibilities on the influencer when fans buy things on trust of endorsement by their idol it becomes the idols responsibility to not promote bad things much like core devs pretend they are not responsible for the code they add.. YET people just blindly trust core are good guys that wont do anything bad.. core devs actually do have responsibility for the network and its participants, it gets especially more disgusting when the idols blame the fans for blind trust, and say things like the fans should have done their own due diligence and review and scrutinise what they use.. but stupidly dont then like people scrutinising, reviewing, critiquing the idols promotions |
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you forget ronaldo promoted scammy junk.. when he signed a deal he too should have researched or his agent should have checked what ronaldo promoted
influencers promoting products also have a duty of care to their fans, so should only sign deals that wont hurt their fans
you word it how binance signed him up, but need to think about how he signed upto it too
its the same with many things.. even influencers promoting fashion/makeup need to check what they are promoting is not made in sweatshops or using illegal materials that can cause harm
he isnt just a hapless footballer scoring goals.. he is known as a influencer and a promoter and in that secondary role needs to do due diligence on the partnerships he deals with
if he can show proof that he did do due diligence and all his proof showed true beleif that his adverts were not of scammy junk, he would not be found guilty. but not doing due diligence of knowing the junk was junk is negligence and he participated anyway then that can cause problems, especially if he knew it was get rich quick junk scam and he promoted it anyway, not caring about the consequences
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The condition of his bail include:
(1) prevented from engaging in “any cryptocurrency transactions, directly or indirectly,” without prior approval from the court.
(2) travel restricted to parts of New York and Pennsylvania when not confined to his home.
The first condition of his bail seems insane, he is restricted from engaging in any cryptocurrency transactions, even indirectly. The US government will be like a hawk at the moment keeping an eye on his cryptocurrency assets. It's a sad day, the US is not a safe place for cryptocurrency holders.
How enforceable is his conditions of bail, and what are your thoughts on it?
What precedent does this bail condition set for the future of cryptocurrency and Bitcoin projects founded from the USA?
if an american was found to be laundering euros, yen or rupees then its not insane to prevent them using directly or indirectly other currencies/forex if caught using such their bail could be revoked and he placed in custody/jail til trial its not precedent its just same laws that apply to other currency crimes also not excluded from bitcoin many people think by using bitcoin creates some immunity from fiat laws.. sorry to inform you but normal laws still apply no matter what the currency is 'bitcoin projects' oh come on we all know the use of certain things are for mixing and mixing is even promoting itself as a use for laundering no need to obfuscate it and pretend its just a 'bitcoin project', pretending this case puts all bitcoin projects under threat, the obvious clarity of this case shows it relates to mixing and laundering.. so why do people here try masquerading it as a general threat of all bitcoin utility, when in fact its clear its targeted directly for laundering/mixing |
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How is everyone else feeling?
Has anyone ever suspected that bull season is coming? I mean there won't be a bull season like we expected and the game has changed. It changed because when people realized that the bull season will come after the halving, and people are holding tight to take profits. Think about it, if everyone is determined to hold and not sell and only sell when the price increases, who will be willing to spend money to buy at a higher price? I am thinking about this scenario and I think we will no longer have a bull season or a bear season, instead bitcoin will grow slowly and sustainably, not increase sharply and decrease sharply like before. That also means there won't be an altcoin season like many people expect. yes there is a known sentiment that once a pattern is known. people plan for the pattern and thus manoeuvre differently than unknown precedence's previously, thus end up changing the pattern now its a known factor of the masses however the consequence can actually make the pattern appear sooner or out perform previous , who will be willing to spend money to buy at a higher price?
I am thinking about this scenario and I think we will no longer have a bull season or a bear season, instead bitcoin will grow slowly and sustainably, not increase sharply and decrease sharply like before. That also means there won't be an altcoin season like many people expect.
what you have to realise is that there are places on the planet where electric is more than $0.50/kwh which is where people having a mining cost of over $140k right now. and so when they see market rates of under $140k, they are happy to buy at market instead of mining as its a discount compared to mining. with continual growth of mining costs this too makes more people happily buy at market even when premium as its still discount compared to mining the secret to finding the resistance point of market purchasing is to find the most expensive mining cost on planet.. in 2021 it was $75k which explained why buy orders dried up at $70k in 2021 oops did i just reveal another stat people can use to find patterns of lows and highs |
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