simpler reason.

company only gets $WXYZ a day income from advertisers, sponsors and investors. and only wants to hand out $XYZ a day to users

meaning
10x users but same $WXYZ income now playing means only $YZ for users
or
10x less income means $XYZ income but same users means $YZ for users

i laugh at tucker carlson.. he is the one squeaking his impotence
he is the one voicing arguments in silly voices.

he quotes tweets (written words aka no squeaks or vocal pitch) but tucker has the squeaks and vocal pitch

even funnier is that straight after the crypto section, carlson then says that media outlets put dumb people in the anchor chair..
.. (explaining how he got the job)

i found too many faults in carsons speach. alot of misleading stuff.
john hopkins did not endorse a report that said lockdowns didnt help, but carlson said they did..

carlson is just a trumpette ( a D.Trump superfan)

i eat food thanks to bitcoin.
i pay bills thanks to bitcoin.
i dont need to touch fiat to achieve this.

this case has been true for loads of people even as far back as 2010 when laszlo got pizza thanks to paying bitcoin in the frist example of bitcoin being used to buy real goods/services. laszlo did not need to touch fiat. he just needed to pay a bitcoin address some bitcoin, wait to open his front door and see a pizza delivery guy turn up
since then there are hundreds of thousands of merchants selling goods and services, millions of people using it to buy goods and services
millions of people using it for other uses too

the price of bitcoin in 2010 was: 10,000btc for ~$41 (1btc=~$0.0041c)
now its price is 1btc=~$41,000

the reason for the 10,000,000x cost of acquisition value difference is simple.
its become 10,000,000x more expensive to mine bitcoin

imagine it this way
114 cpu's were mining in 2010
114 cpu at a 90w electric consumption =10.26kw/h= 246.24kwh a day
at 12 cent/kw = $29.55 (combined mining cost for everyone to share 7200coin daily mined coins)
which is $0.0041c per btc acquisition value at american residential electric rate

imagine it this way
1.6m asics at $12k hardware cost each.  $19,200,000,000
which spread hardware over 2 years = hard ware cost $29,223.74/btc for hardware
then we calculate the electric
1.6m asics at 3.25kwh =5,200,000kw/h
at us residential rate of 12cent(as used above) = $624,000 an hour = $16,640/btc
hardware+electric=$45,863.74 cost to mine at home in america

meaning hobby bitcoin miners prefer to buy rather than mine right now

at K'stan industrial rate of 4cent = $208,000 an hour = $5,546.67/btc
hardware+electric=$34,770.41 cost to mine at a kazahkstan asic farm

meaning kazahkstan mining farms prefer to mine rather than buy

you can actually look up the electric rate of different countries and calculate the costs. and work out which countries prefer to buy or mine.

so calculating the economic value is actually easy.
as for the utility value(features) which people want to acquire it. there are many things you can do with bitcoin and many people have many reasons. its not just to hoard to hedge against inflation.

people can actually buy things with it. i dont mean just swap for fiat. i mean actually buy (goods and services) without needing to touch fiat in the process. people choose to use bitcoin as oppose to other mediums. because bitcoin has features that they cant get in other mediums

features such as not needing to apply for an account needing to submit their name, home address, social security numbers. they just create a public key. easy. free, no registration required.
they can send funds internationally far cheaper then international fiat wire transfer
the recipient doesnt need documented ID to receive funds
it can be used to set up 'trust funds' without lawyers

using a bank note, you cant make a trust without lawyers and bank managers authorisation. sure you can stick it under a mattress and tell your wife and kids to only use the bank note after your death. but thats emotional trust. not a ruled 'trust'.

in bitcoin you just set up a multisig. no registration required no documented ID, no lawyers

it can be used to do many other things(some listed many posts ago)

i gotta laugh

there have been people that went to retail closing down sales and literally bought 100k of their branded plastic carrier bags, treating them as a collectable(after the brand was closed) by selling a few of them for $10 each, thus valuing their 'stock' at $1m even though the actual cost was just $1k

as long as you can pretend you are able to sell all products in a year at a given price you pretend exists. you can pretend anything as part of the inventory section of capital valuation.

..
take elon musk. supposedly he is worth over $1trillion.. but do you think he could ever be able to scrape together $1trillion in only 365 days if he was requested to.. no way will he be able to.

alot of people think bitcoins marketcap means something.. it doesnt
its just a multiplication of the current price of a coin multiplied by how many coins there are.  capital is not based on anything real. so dont think that 'capital' is meaningful. its not.. its just math.
same with any company, stock, share

things that can be improved.

many people think there is no fee mechanism, no fee mechanics or rules. yet there have been and are.
plus code can be enforced , because thats what code does, make rules.

so lets start with the fee's

easily enough people can have a system where by if your utxo(unspent funds) are say 100confirms(16hours old+) you can enjoy lowest fee's possible., where as if your unspent are only 1 confirm, you pay the maximum.

this way it solves these things:
1) no longer would everyone be penalised when people spam blocks (re-spending every block) causing everyones fee to rise.
2) only the spammer pays the highest if he wants to continue spamming.
3) this deters spamming, meaning more room for genuine spends to get confirmed.

im not suggesting to just make mining pools not allowed to include 1-2 confirm transactions in a block. but to instead make it a practical cost if you want to rush a transaction through and a practical cost if you want to do it repeatedly

the current mechanisms for deterring spammers do no work.

---

another idea is that transactions should not have the facility to be a 5th of a blocks limits.(currently they are able) meaning just 5 transactions of certain details can fill a block to not allow more transaction in them.
heck before the txsigops= /5 of max sigops limit, there was a block that just had 1(non coinbase) tx taking up the entire block
https://www.blockchain.com/btc/block/364422
so changing to the 5th of block sigops, did alleviate the 1 tx a block =full dilemma, but its still allows alot of abuse, and proves that a change in the rules can be done, and not many even noticed it happened

im not saying only allow 2input 2 output transactions. (2 sigops)
but im sure as hell saying that a transactor should not be allowed to have 16,000 sigop allowance per tx (16k of 80k block sigop limit)

there is no need to change or break bitcoin by making it hackable for forgetful convenience. it just requires people to have prior thought about how they in the human world backup-keep safe their keys in the first place


bitcoin already has many ways to protect a private key. and many other ways for humans to protect the keys
you can first create a key as a seed of words, easier to memorise..
which you can then personally decide a multitude of ways to preserve it, like engrave it in metal and bury it in your yard.

or turn the bytes into a cypher which you know the puzzle to uncypher and then just have a million copies around your house which are meaningless if seen, because only you know the cypher to translate it

---

having a system that requires PoW to recover a private key, pretty much means needing PoW to create the key in the first place.
which then becomes a wall. where it starts costing people something to make a key...

people would use bitcoin less if it started costing them something just to have an address/"account" before they are even able to receive funds in it.

after all would you use a paypal account if they asked for a $X fee just to sign up to them?.. nope. thought not.

as for the amount of work needed. well some dormant keys have 50coin+ on them per key (satoshi stash) ($2m+ each)
so if it only cost say $2(reasonable service entry fee) of PoW to recover(gain access to a key) then thats a way to cheaply hack keys that should be unhackable. so ofcourse if there was a system. the 'entry fee' to create a key/recover a key would have to be a few $m atleast

no one would pay $2m to enter a service they never used before(one end of the scale) and no one would want to risk their wealth on a key system that can be hacked for just $2(other end of the scale), so either way.. it just wont have any real utility as a feature without breaking the overall utility of bitcoin

the only thing that goes ontop of the bitcoin blockchain. is a new block.
everything else is side chains,  side projects, forks, pegged tokens,

the whole 'on top' is the psychology subliminal 'top'=best
they say on top to hint/suggest something is better than bitcoin, even before describing it

much like calling there SIDE project 'bitcoin layer 2' as a subliminal for bitcoin 2.0, pretending its the official bitcoin replacement/upgrade everyone should move to

the most commonly use letters of all words are:
s.p.e.a.r
e is most commonly at the end
s is most commonly at the start

so to also heighten chance of positioning,
out of
spear, spare, parse

the best first word is spare
if you dont get much result (yellow or green) then you have ruled out alot of words already

its like asking 'can the Euro overtake the dollar'
its like asking 'can the Yuan overtake the dollar'

well the euro is used buy 448mill EU population
the US dollar is used by 330m population
heck the chinese yuan is used by 1400mill population

yet dollar reigns supreme still

heck. even with bitcoin. majority still 'tether' it and price it to the US dollar
im in the UK, i use pound (when not using btc) and yet the exchange rate i have to follow for the btc is the US dollar.
whereby the 'pound' exchange is a second hop of the markets

if there was an influx of british btc buyers. it wont cause a disparity on the dollar/pound rate where the pound rate moves up separate from the dollar.
because the pound rate is not separate from the dollar. its all involved with each other where the pound is just a calculation of a dollar market, not a actual separate market

(coinbase pro markets for btc-usd and btc gbp are the same candle green and reds. exact same shape market line)

if anyone has played the game wordle that media have been advertising. its easy to crack
https://www.nytimes.com/games/wordle/index.html

here is the next few days words
spoiler: scroll over below to reveal

    monday                   tuesday                 wednesday             thursday                   friday                  saturday                 sunday
                                                                                                                    Feb 11th "ulcer"     Feb 12th "ultra"      Feb 13th "robin"      
Feb 14th "cynic"     Feb 15th "agora"     Feb 16th "aroma"    Feb 17th "caulk"     Feb 18th "shake"    Feb 19th "pupal"     Feb 20th "dodge"
Feb 21st "swill"      Feb 22nd "tacit"       Feb 23rd "other"     Feb 24th "thorn"     Feb 25th "trove"     Feb 26th "bloke"     Feb 27th "vivid"
Feb 28th "spill"

                             Mar 1st "chant"      Mar 2nd "choke"     Mar 3rd "rupee"     Mar 4th "nasty"       Mar 5th "mourn"      Mar 6th "ahead"
Mar 7th "brine"       Mar 8th "cloth"       Mar 9th "hoard"     Mar 10th"sweet"    Mar 11th "month"    Mar 12th "lapse"       Mar 13th "watch"
Mar 14th "today"    Mar 15th "focus"     Mar 16th "smelt"    Mar 17th "tease"    Mar 18th "cater"     Mar 19th"movie"       Mar 20th "lynch"
Mar 21st "saute"     Mar 22nd "allow"    Mar 23rd "renew"   Mar 24th "their"     Mar 25th "slosh"     March 26th "purge"   Mar 27th "chest"
Mar 28th "depot"    Mar 29th "epoxy"    Mar 30th "nymph"  Mar 31st "found"

spoiler: scroll over above to reveal

my guess the rusted car is an opel olympia

the 119k coins where split up where ~95k remained untouched[Wallet 1CGA4]untill 2022..... and the other ~24k where the funds were split up and then looped through alphabay and several exchanges between 2017-2021
some of the 24k coins were spent, released, cashed out..  and some where frozen by exchanges and seized in some instances between 2017-21.
but the main lot the ~95k[Wallet 1CGA4] never went through an exchange not cashed out by the pair, nor seized in 2017-21.
but instead seized in 2022


thus more then 100k coins(over 5 years) but less than 119k coins HAVE BEEN SEIZED from different places, over 5 years to the 4th of february.
and the pair have been arrested on the 8th of february(now on ankle monitoring house arrest)

rusty car on the right is not same model as the one on the left.. thus rusted car is not a HUDSON TERRAPLANE BROUGHAM 2 DOOR CAR.

notice the external headlights of a vintage car(left) but integrated headlights on the rusted car
notice the radiator grill differences of the vintage car(left) is upside down teardrop, rusted car is more like a ribcage

the idea is that because its a public ledger, it can be used like a copyright timestamp. where a file has a unique id for the exact bytes meaning if 2 items are the same, only one can be 'owned', which is usually the first one seen

if seen being sold on a different ledger claiming to be a property registry, then you take them to court displaying your proof of timestamp ownership preceeds some other person trying to sell something with same hash id.

a standard old fashioned copyright/patent office also does not have law enforcement involved by default. they are just the register, not the law enforcement, they have no authority to chase after people.. taking someone to court is a separate activity done by the owner, not the registry office

of course the flaws are:
1) its like a patent/copyright register.. no one ever said the old fashioned copyright register has the courtroom/punishment attached to it by default, it requires humans to make the connection between a product and a timestamp and ownership proof, and then more human activity to still find the real life human 'thief/counterfeiter' and serving them a court order to appear
in both standard copyright cases and NFT cases.

2) just change one byte of the file, changes the hash. thus not selling the same 'hash'. thus easy to counter the hash log and sell duplicates.
funnily enough, artists are doing this, selling a graphic character with a very slight difference. thus breaking any copyright possible claim of 'similar work'/counterfeit. by validating that altering just the most insignificant detail makes it unique. thus harder to then claim copyright ownership in court because a slightest most insignificant change, is treated as unique work, not similar work in the nft world.

3) it requires watching every market and site offering products(much the same as old fashioned copright), IF you do spot it then it comes into the counterfeit, plagiarism, copyright arena debate in court of how close to the other art is the second piece copying.(then see flaw (2)&(1) for how thats not automatic and not easy either)

4) if there are other copyright ledgers(nft ledger) its then even less easy to spot(3) unless you are watching every ledger and knowing what is associated with the hashes to compare to the one on the ledger you use,(then see flaw (2)&(1) for how thats not automatic and not easy either)


you are right that ledgers cant do much, ledgers are not a court that hand out penalties like prison terms so it does require old fashioned things like human watchers, moderators and real world courts.

you are also right that there can be a bitcoin backed NFT copyright ledger, heck there is already polygon, klaytn and a ethereum copyright ledger. (much like europe, asia, uk and US have separate old fashioned copyright registries) where jurisdictions and courts then having the hassle of proving which one is the true first and true owner (which is not automatic(see flaw (2) and (1))

---

alot of the large news media sensational headline stories, are where funds 'spent' are actually people buying their own art to get some viral news story recognition.(hint, a tactic marykeller can try)
thus not costing anything. the buyer is the seller, the seller is the buyer. so no real cost bar the 'gas'
yes this tactic is not new.

ebay used to have people selling things to themselves to show a ebay 'sold' listing at a high price, to then have them going out to other markets or seen in news media, to then list the product again trying to get others to buy for similar high price using the first 'sold' listing' as the valuator
.. also some of the items are sold to themselves multiple times to show fake volume to get listed higher listing pages.
(most of the news media viral stories, are not idiots buying something expensive, but business minded people shuffling their own funds back to themselves to trigger a fake listed value)


that said, even when ebay was listing things like a UK 50pence piece for £500. not many actually fell into that trick, not many actually paid £500 for something really worth 0.1% of 'sold listed' price, it was usually just a couple people selling to themselves hundreds of times, to make it appear that there is demand and value in the item

yes media used to show many stories about a 50p worth £500 being sold multiple times.. but there were more news stories advertising the headline, than there were victims of the trick

---

as for others thinking that alot of money has gone through NFT. .. not really
NFT is not something that actually has 'millions of people', its more like thousands of people pretending to be hundreds of millions of people.
(yea dont worry much about the sudden jump of 'unique ethereum addresses created' from ~1m to ~190m in the last 5 years)

if you look at the blocksize of ethereum. its only average blocks are 150kbytes, meaning very few (dozen a block) transactions are happening per block. so its not really that much activity really happening with not that many people actually buying fresh eth to then move it to then buy nft

more direct link to the legal press release
https://www.justice.gov/opa/press-release/file/1470186/download

entertaining part is.
they investigators tracked the theives spending to buy gift cards, using emails linked to a cloud hosting service where by investigators gained access to said cloud hosting and found the file containing the private keys and records of lots of accounts they used with different exchanges


a $500 giftcard cost them their freedom and $billions

authorities had investigated and identified the thieves(finding them) over time prior to jan 31st 2022,
court order(s) on feb1-4th to seize funds from multiple exchanges and also the 2 peoples private keys.
and the 2 people were arrested on the 8th feb

heck ill quote you quoting me mention bitfarms. and you being silly mentioning marathon
notice the difference

BITFARMS report was about its 210mw facility.. in argentina..
bitfarms was about bitfarms.. not marathon

out of all the reports it was the bitfarms one that had the cheapest rate. which is why i chose that one as a picking point to show how he got the 2.x c number wrong because it was about a argentina facility
also


but lets deal with stompix's new mis understanding. let go with marathons


3.4c is 38% lower then CURRENT

meaning right now they are CURRENTLY averaging 5.5cent.. hmm.. well thats more then kazahkstan CURRENTLY
which america as a whole average 7cent(for industrial asic farms)

..
i dont know why stompix wants to knit pick one example of an average to try and then fail at understanding the point that it was to do with that kazahkstan is still cheaper to mine.

because if stompix can ignore the average, and try his failed hardest to find a bottom price of possible future price ESTIMATE.. i too can find a kazahkstan bottom price NOW that beats american bottom price FUTURE ESTIMATE..

which if he read the point.. would still apply to my point, that was "its still cheaper to mine in kazahkstan than it is to mine in america"

---

edit to answer stompix's latest sillyness below
stompix does not understand AVERAGES in the example many posts ago.
stompix went on a rant about how prices were not 7cent (in his mind minimum) but 2.5cent -4cent minimum

stompix does not understand AVERAGES. (needed emphasis)
so is now trying his damned hardest to ignore my average example quotes so that he can play silly games of minimums
i already said the 2.5minimum he quoted(related to bitfarm argentina number) is nothing to do with america.
so now he wants to say that bitfarms is 4cent in washington

well like i just said above
if he is trying hard to find a current US minimum i can find a kazahkstan current minimum that beats US current minimum.. thus circling back to the point that its still cheaper to mine in kazahkstan

last laugh of the day
link does not even refer to washington price of 4cent.. its says it helps bring the corporate wide price down to 4cent.. why..
well along with the argentina(at 2.5c) and the quebec(at more) the corporate average becomes 4 cent.. not washington
(10 farms, 4 countries = average 4cent... not washington)

anyway.. stompix.. your boring now.
its still cheaper to mine in kazahkstan. accept it, move on

funny part is.
i quote AMERICAN prices as an example..
and stompix cries because he read somewhere that they pay $0.022.. spoiler:[ in ARGENTINA]
(yea i read the bitfarms paper too)

thus he posts a comment to try being sarcastic that americans must not be paying 0.07 because of something he read, but didnt check, because he might have realised that it was to do with.... Argentina..

maybe he has dyslexia. or maybe he thought the US is pronounced Armecina instead of American, it might explain why he got confused thinking americans can pay $0.022/kwh instead of $0.07+
maybe he didnt understand that the 7c industrial 12cent residential was also a average. .. or maybe he just doesnt care and was looking for anything to comment and be sarcastic about without doing the research

last time i looked Argentina is not America
hell i know they both start with a 'A' and end with an 'a' and also have the letters 'r e i' in the middle.. but that does not mean they are the same place.

but thanks for the laugh.

um no
you are not getting any bonus. deal, freebie, extra, or service.. you are PAYING someone. no matter what the currency is no matter if the the person selling you a service took out a loan or not. the service you are buying is the same, whether the service provider had a loan or not. you buying a service has nothing to do with loans


if you think people only work to pay off loans. where all employment and services are to cater to debt. then guess what. i am afraid to tell you that there are many many people that do not even take out loans. the reason they work or offer services has nothing to do with loans.
also those getting loans are not giving someone on demand a free service.

loans do not give bank notes value.

a person taking a loan out, is getting money created from nothing but the loan might buy them 100% of goods. if they spend it that day. but then they have to work 140% over time to repay the bank(including tax(20%) and interest(X%/year for X years))
so his 100% spend on day one costs him 140% later.. thus that 100% on day one is worth less value due to later cost, compared to if he just worked and saved up to get 100% without a loan.

loans cause inflation meaning if you wanted your lawn cut by a debtless gardener and a indebted gardener. the indebted gardener would charge you 140% as oppose to 100%. so a loan doesnt give you something. it actually costs you more. meaning you lose something.
if you offerd both gardeners $10. the one without debt will cut your grass for 1 hour. where as the indebt gardener would cut it for 43 minutes and want another $4 if you want a full hours gardening done for you.

also you as a separate person that is not part of a loan contract gets nothing from the loan when you hold a bank note.
and over tine because of inflation the value of your bank note depreciates too(you can buy 4 loaves of bread today but 3 loaves if you held onto the bank note untill 2030)

for the multitude of times. YOU DONT and YOU ARE NOT  "getting stuff from a borrower"
there is no contract between a person getting a loan and you as a bank note holder
there is no benefit, freebie, something you get from someone else having a loan

you have the things wrong here.

EG say you are a holder of a bank note.
every minute of each day some borrower somewhere is rapaying a BANK

but what are you getting? what have you gained in that minute, in that day, month, year.?. NOTHING
there is no:
"the borrowers, who are part of the system, would via loan repayments simply return the holders the things they can live off of,"
for people holding a bank note.

people live off things like bread.. you get no bread from a borrower or a bank
each year the purchasing power of a bank note becomes less, not more

having a bank note from 2008 means you could have went to a retailer and traded your bank note for 5 loaves, but now, trading with a retailer you will only get 4 loaves.

the loan thing, you obsess but dont understand, has not gained you anything.
because its a contract between the loanee and the bank.

the loanee is 'borrowing(taking with promise to give back) the banks created value. not a previous bank note holding person
because there is no contract between a loanee and a person holding a bank note

as for saying bitcoin can only be bought by new investors. you are wrong
i can accumilate coin without others. its called mining. i dont need constant "new investors" to exist to use bitcoin or to trade bitcoin. theres a term you are ignoring called circulation. where current people holding can swap value with each other. and do so in many ways. its not just "buying" or "investing" its not to do with market exchange investing.

you can offer labour, goods, services, ingame artifacts, plane tickets, traintickets, coffee, you name it.