im gonna keep this quote for future reference for other topics. i think doomad can already realise why his words can be used against him. especially when he social dramatises how others that think the worst should just f**k off


in this case, thinking the worse has its limits. because although it does not define what a broker is not. it does define what a broker is. and makes no mention of a broker being a software developer or a customer of a investment company.
leaning on the side of 'if it doesnt mention it assume the worse that its included'. means a banana and a grapefruit can be a broker too.. (famepalm)
its where common sense needs to be added to the context of the document. to then understand it. . and not just pick something thats not mentioned in it and then try to twist it into suggesting that it includes it

in short its about MSB(money service businesses) not the contracted software developer of MSB. not the delivery guy delivering to a MSB, not a customer of a MSB

so again defining what is an MSB would include businesses and associations and organisation that perform transfer, exchange, transact as a service business. not lil old joe paying for a bottle of beer at the local 7-11

its actually about MSB that are brokers.. not grocery stores accepting money for goods.
brokers(companies being custodians and performing trades of investment that require its employees doing the trades to pass the series 7 exam)

now can people stop trying to twist it to make it sound like grocery stores, and grocery store customers are brokers.. because they are not. and the draft bill does not even assume or suggest or hint any such thing that retailers and customers are

so again. dont worry about normal users having to report every time they accept a block(like some are trying to FUD above)

its about services like coinjoin. exchanges, altcoin swaps. (actual businesses offering the service)
so yea try contacting your local reps to get the draft dropped for its real purpose. just dont go running down rabbit holes thinking it actually affects everyone receiving a block of data or buying a coffee

this "flared" gas is the excess stuff they have to release at points of over pressure in the oil collection process.
its not like they just releasing it for the pure hell of it. its the have to release it, or BOOM

its not clean gas that people use in houses.. and the cost to have a gas refinery at every oil rig outweighs the cost of any refined gas being affordable to send down the residential pipeline. so burning it becomes best option

suadi aramco are not going to suddenly make gas refineries/gas powered power plants for the random switch on-off of the over pressure events. .. but if another company wants to give it a shot. they can.

the issues are that the highlight of "flare more gas than half the bitcoin network" sounds massive.. but is not based on 1 oil rig.
its based on thousands of oil rig/pumps/release valves combined around the area. meaning you cant just tap into one pipeline and collect the dirty unrefined gas and convert it to power in one location. it requires lots of refinaries/plants/piping everywhere.
and not a constant supply as the flared gas is only flared when there are over pressure events.

so it will end up costing the third party contracting with aramco alot of set-up investment. either to refine and power generate on site(lots of micro power plants). or transport to a more central location

but hey. if they think they can do it. so be it

but with that said.. even in the 1990's the top oil companies have been saying their underground "reserves" of oil are depleting and would run out before 2100. so they already knew they would have to shift to other sources to create energy.
the whole 'lets blame fossil fuel and shift to renewable. is actually a ploy of oil companies needing to diversify but they dont want to pay for the infrastructure. so instead they got governments to set a plan that citizens tax credits turn into grants for many companies to use to make new infrastructure.

the smart plan. "why use own profits of old tech. when you can get free money from tax grants to stop using old tech"

any way your spot on about third party buying excess gas from aramco.. so merit

not all the hash power of springs 170exa peak was diminished to 85exa bottom due to "china"

it was actually the smaller percentage hashrate from china drop. that caused a price drop that caused it to be too expensive to mine in america/eu. which caused american/eu miners to drop out. in preference to just buy cheap coin

the chinese drop was far les than 50%

51% attack only means. essentially transaction spending control/ by going back and make new block submissions with different/less/more transactions than before.

any blocks that try to "change the algo" will be rejected by the full nodes that are sticking to the normal/old algo

to perform a true "algo change" mainly revolves around the main exchanges/merchant nodes accepting the new algo.. . because what they accept, means what other users and pools can then spend through.

if merchants/exchanges are ignoring/rejecting a certain block type they dont like. then the pools and the users transactions within the blocks the pools make that got rejected. wont get to spend their value, they they give up making blocks that wont get spent(recognised my merchants).

so merchants/exchanges have most power in decisions of change

proof of stake is where a person has to have alot of funds on a single address to earn more chances of signing a block. he and he alone has sole control of his stake

..
in bitcoin a solominer does not have to have alot of hardware. as a pool. many users join together. thus its not a solo attempt(unlike PoS) this is where none of the hardware need to be in the same building and none of the hardware needs to be fixed to a single server
its not just about stratums all over the place. but also the freedom of users to 'pool jump' to different pools

in PoS
if a coin was to 'jump' out of a persons utxo.. he has less power. but he has to be the one removing his control as he is the only one able to decrease his 'stake'. thus its very central

in bitcoin users have the asics, and if their chosen pool for the day is acting sketchy. THEY pull their power away from the pool. thus again decentral. the pool cannot force the asics to stay with him. users can pool jump all they like

first. someone doesnt join bitcoin to mine.. they join to get bitcoin..
the way they get bitcoin then becomes a decision. some prefer trading and dont want to mine no matter if its cheap. some will mine no matter the price.
some look at the price. vs cost. and then work out the best way

so to answer your question why buy..
because there are occassions where its not cheaper to mine!!!
(unless willing to sell your house and move to another country)

its better to ask it in another format..
why do greengrocers buy banana's..
because they are speculating they can later sell banana's for more then they bought them for..
part of this is deciding should they farm their own.. which has a cost. or find a simple method to obtain banana's if the wholesale price of banana's is cheaper then farming this season in their region

most regions find it cheaper to buy banana's than to farm them themselves.. and so they do that.

and thats basic economics. .. of every 'produce'
the real question is not why buy if they want to mine.. the question is why mine if you can buy cheaper
EG when the price was $30k but american hobby miners had a $35k mining cost.. why would they mine.. its cheaper to buy

and now you understand that different regions have different margin zones that have a pivot point of that decision. which is where most of the 'support levels' and resistant levels occur

stock to flow is a false graph of hope..

the stock metric. actually contains a price element..

so ofcourse they are going to correlate..

however if you take a real stock-flow of bitcoin without a price manipulation

its not this
         ___
    __/
 _/
/

its this


the manipulated stock to flow. is in step formation that matches price formation.. because the steps are the price.

so its not predicting anything its using the price to manipulate the stock to flow to resemble the price
in short. stock to flow is a meaningless chart

2021's $60k was not a sustainable value.. it was highly inflated compared to mining costs at the time
much like 2018's $20k
(both occassions bound to correct down)

2018 had some mining drama that tanked the price down to $4k
much like 2021 had mining drama that tanked it down to $29k


the settled value level of mining bottom line was year average (pre and post mining drama)
2018 ~$5k
2021 ~$25k

so expect good value bottom line(the new ZERO)
2018 ~$5k
2021 ~$26k


anything above that is just speculative human emotion price decision. that no one can predict
all you can do is watch the hashrate, convert to actual mining cost(including hardware) for different regions of the world to see the different layers of support in human decision to mine(to sell) or to buy(to hoard)

america is mid $30k. so this mid $30k threshold is a pivot point of human decision change from mining to buying. which then accellerates the price up. or down depending on where the price sits
(china/iceland always have cheapest mining so dont even worry about their pivot point, they are part of the bottomline(new zero))

UK/EU are above that. (so right now they are TEAM BUY) as its too expensive to mine right now
germany/japan for instance has a moning cost of about $52k. so they are team buy. and as the most expensive mining region. they are part of the 'demand' play that gives up buying above that amount which then causes the price escalation to drop off/maxout (no one wants to buy if they can mine for cheaper).

there is no such thing as a 79yo being an immortal god that thinks he is in perfect health..
.. he may think it.. but that doesnt make it true


.. as for thinking that the 95% effectiveness vaccine number some how means that it has weakened your immune system by 5%.. (or your exaggerated 50%(half empty)).. you are wrong for many reasons

that is not what the number means.. whether you then take another wrong step to then exaggerate it or not.
maybe learn what the 95% actually means. and then return once you learned something

if 6.25btc is worth $250k
then no miner will be dumb enough to put in $500k to win 6.25
and just like gold miners if the land has very little gold dust. they wont waste more then gold value mining such small amounts
there actually is a correlation between mining cost and bitcoin price

if network is at 110exa(110,000,000thash) =1mill asics at 3.25kwh
=3.25million kwh = 3.25 thousand mwh (3250megawatt per hour(3.25gwh))
=86mw per btc (megawatt per btc)

there is very good reason why each bitcoin today uses 86mw

as for the tweet saying that bitcoin uses over 70twh a year
at current gen asics.. would require hashrate to be near 300exa hash every day for a year to get to 70twh a year, even the 2019-20 gen(s19) required a hashrate of 200exahas constant for a full year to even be close to 70twh a year

..
if you think bitcoin would still be worth many thousands of dollars if everyone could mine if for $2 a day.. your deceiving yourself

calm down folks

its about MSB that act as brokers.. its not about every average joe.
your not a MSB if you take money out of an ATM or as for a withdrawal from a bank. so relax.

developers are not MSB. even the developers that created the mastercard software/network were not themselves treated as MSB.

but if you are a service(business) doing transfers on behalf of others.
for instance:
escrows
coinjoins/coin swaps
exchanges..

then watch out
if your a customer of those businesses relax you will not be asked to become a MSB. but expect many services you use to change funds into different currencies. to kyc you.

if your a software developer,(blockchain dev) your not a MSB

the most that i can see happening is coinjoin/escrow's that have offices in america, pull out of america and set up in another country and then IP ban US citizens. much like the days of the bitlicence
(by which most MSB's done that already so not much to happen)

guess you dont eat much turkey.

point was. sugar is an instant hit. an instant rush of energy.. fat is a slow drawn out release.
when it comes to sugars the different sugars release at different times, longevity.
as do fats.
glucose is the one thats super instant hit. dextrose ise more laggy.
as for fats
simplex fats convert to glucose easiest where as complex fats take even longer.
if your not burning the glucose while its in glucose format. your body can skip the stage of converting to simplex fat and turn glucose straight to complex fats.

so its about working out what activity you have planned. if its early active activity needed sooner than 90 minutes. go the sugar direction. if its moderate prolonged activity. go for a small diet of mix(sugar nearer to the time you need most energy)
if it completely sedentary then small diet of fat.(not excess or that will be turned to complex fats)

just stay away from sugar water if sedentary. or it will just be wasted as sugar and just go straight to complex fats(lard). usually lingering around your organs instead of getting to the skin deep level.

yep high sugar consumers with sedentary lifestyles sometimes look thin on the outside. but have alot of internal organ (visceral) fat

if kids were to be incapable in the 1960's+
then.. well
no internet
no LCD flatscreen
no missions to the moon.
no invention at all
............ oh wait
we moved on from 1960's tech..
.. guess his prediction didnt happen

Tvbcof seems to be running out if conspiracy influencers.. now he has to go searching all the way back to the 1950's to find one.. not realising in his search of influencers 70 years ago.. .. 70 years have passed since the influencer said what they said. and those 70 years of history instantly debunk the influencer.. thus making him use that influencer.. a pointless task

whats next.
find 10 people with job titles. get al the conspiritards to club together and raise money to pay them to come up with 10 different plots to an outcome of a topic.. wait a while. and if one comes close. declare that winner as their next guru

i can see it now. conspiritards looking for the next conspiracy guru that says
"restrictions are relaxing, and its because conspiritards won and gubbermint backed down"
and all conspiritards will praise that guy as jesus 2.0

hashrate in china has already begun to recover.

antpool went from 30exa down to 10.5exa and now already sitting at 17.5
with the less difficulty numbers of the last couple drops in the last month means it does not need to push to full 30exa to return to same coin reward amount

EG 30exa(AP) of 150exa(Network) is 20%
at todays 110exa(network) only needs 22exa to be back at the 20% range(difficulty accounted alone)

which with new asic generations
was 95thash for 3.25kw now 110thash for 3.25kw
means its gained another 20% cost reduction..
so that 22exa only needs to be 18 exa for same income amount of coin-to-cost.

meaning they are pretty much back to the area they were before the chinese drama if you account for difficulty, network hashrate and new gen asic costs combined

this rise is not due to any social drama. its mainly about the mining drama of the last month now settling and now coming back to normal

chinese pools increasing their hashrate again and no longer selling to cover costs of the drama last month.
along with the ripple effect i mentioned in the last post i made in this topic

his thoughts aim around many posts of
"what if there was another bretton woods" to then launch his narrative into bitcoin being a "one world currency" replacing not just all fiats. but also all governments.

but one deep thought he has missed
governments only done bretton woods for their own selfish need to gaining power..
they didnt do it for the betterment of citizens. nor did they do it to make them less powerful

no government would make a law that would make them jobless

so yea, in the end rainbow needs to learn more about what bitcoin is, does and can do. without venturing into the philosophical, dreamstate of wishful thinking

oh grow up you trolling drama queen
i said DRAFT and SUGGEST


maybe you just dont understand the subtlety of my yawn. or my calm down hint of nothing important..
maybe you didnt get where i said 'they want' instead of your thinking that i said 'they will'

well yet again you jump to social drama trolling to try to poke the bear.. but you are just making it too easy
to put you back in your toddlers crib.

i know you took one line, out of context that avoided the words DRAFT/ SUGGEST to then go on a social drama ramble about how you think my one line you did quote must be some committed conclusion..

but like always you never understand context or content. you just want to be a drama queen
take your drama else where.

hashrate stablising over 100exa again.. (finally)
more hashrate = more competition=less reward per user

this makes more users want to just buy instead of mine it.
this makes the price go up.
then more users see the price increase.. meaning they can make profit mining.
so they mine..
.. rinse and repeat less reward per user. =more buyers

problem with pakistan is. . only offering 200k doses a day in a populous of 220million..
even if everyone was willing to have a vaccine. especially a 2 dose vaccine.
would take upto 2000 days to inoculate everyone (6 years)

pakistan should not be putting so much tight rules on those not wanting getting a vaccine in a situation when there is not enough vaccine to get.

in numbers
if 200k a day for 6 months = 36mill of 200mill (18% single dose(or 9% double dose))

imagine that there is a 70% desire for vaccine
thats still 52%-61% waiting for a vaccine(single or double). unable to have a vaccine, and hindered by rules aimed at the 30% refusers but affecting 52-61% of the desirers