The Fud on gold is fear of Asteroid mining.
Long term gold will be 10x to 100 more accessible than it is now. The Earth's core is closer by: there's enough gold in Earth's core to coat its surface in 1.5 feet of the stuff
~
Wood has calculated that 1.6 quadrillion tons of gold must lie in Earth's core. Why else is Musk Bezos and Branson in space? It's a pissing contest for rich tax avoiders. Except the core may not be so stable to tap. |
|
|
|
Enlighten me: why has the gold price been dropping in the past year?  From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position? The Fud on gold is fear of Asteroid mining. Long term gold will be 10x to 100 more accessible than it is now. Why else is Musk Bezos and Branson in space? I don't believe that is true, Musk and Bezos going to space to open a gold mine. Space mining for Rare Earth Metals and Minerials, will mean it is no longer rare and no longer valuable. I can see mining Rare Space Metals/Mineral (what every that would be, or could be... i think the periodic table has most elements discovered) Nevertheless, i don't see space mining as a threat as the investment needed will never be recoup. EDIT: Yes, there is massive amounts of GOLD in space... MASSIVE!!... Long term (100+ years) if the human race is to survive we will be mining gold and other metals. It is possible to drop a large rock of gold onto the moon. Since gravity is 1/6 that of earth and no friction to burn the rock of gold. The key is if a magnetic force field style elevator moon to earth and earth to moon is buildable. Simple place a rock of gold in the steel case that magnetic force raises and lowers back and forth to the moon and earth. Whether this is buildable I do not know. But the logistics of getting asteroid gold to earth should be solved it it is possible. Thus the idea that gold is a true long term storage of wealth is not as good as it was in say 2000 or 1990. Study how aluminum dropped 95% or more once a method to refine it was found. We know are certain the asteroids are loaded with gold. Gold still is a great metal to do electrical work but it may end up being far far far more common than it is today. If you are a long term company holding 10 billion $$ in gold and 0 $$ in BTC is starting to look dumb. |
|
|
|
Enlighten me: why has the gold price been dropping in the past year? From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position? The Fud on gold is fear of Asteroid mining. Long term gold will be 10x to 100 more accessible than it is now. Why else is Musk Bezos and Branson in space? |
|
|
|
|
Well back over 55k maybe we do 60 k over night.
|
|
|
|
So 40k posts maybe 41k
My godness, such a huge number of posts you have in the forum? Will it be wrong if I assume you are holding the title of most total post? I barely create 10+ posts a day; can't even remember if I did ever. I used to spend quite a long time here learning bitcoin and some other technical issue which I didn’t have any idea about. But now, it gets hard to spend such huge time. I have been the top one, but there are a few of us over 30,000 posts. Not sure if I am no 1 at the moment. |
|
|
|
Hi guys,
Just wondering what are some safe websites that aren't scams for buying ASIC miners. Also would help if anyone knows a good machine to buy?
Thanks in advance.
You can buy used on ebay if in the usa. You can't get new gear easily. I have some used s9's if you are usa based. As for new gear really hard to get any at all at the moment. Blokforge a great usa reseller is screwing around due to lack of gear. read this thread https://bitcointalk.org/index.php?topic=5363391.0and blokforge was a really good seller for years. |
|
|
|
|
2021 has given us 80 days over 50k
only 20 on the list below 50k
hoping to see
81 over 50k and 19 under in a few hours.
|
|
|
|
Are there currently any limits to maximum number of posts allowed by a member per day?
If there are no limits, some limit should be introduced. It will help to reduce the spam on the forum. Also, the workload on moderators will be reduced as they have less number of spam posts to look after.
What do you think of this feature?
Well I post like mad. you could cap 🧢 people with paid signatures to 2x what they need to earn the max for the day. Ie say you need 30 posts a day to earn max earnings you could be capped to 60 or less. but that would be a nightmare to check. I have 37000+ posts in a bit over 9 years. say 10 a day on average. 10 x 365 = 3650 x 9 = 33000+ so maybe 11 a day. figure I deleted a few and mods deleted some. So 40k posts maybe 41k so do we say I do the most per day on average maybe 11 no one should be able to go over 11. I do not think so. Just report it(spam) and it does go away. |
|
|
|
The poll is wrongly worded for this thread.  The wording should be: How much would you buy if Satoshis coins moved to an exchange? Because you know the shakey hands would drive the prices down so hard for a short amount of time. You know how many cheap coins you could buy? Seriously. Well lets say you are out of ammo, Would you sell 20% knowing you will be buying back after the panic firesale? Diamond hands are not as prevalent as those in this thread. There of course are alot of knee jerk answers that would not reflect reality. Well, the panic and stupidity of humans is something you can safely bet on. So I guess I would sell some just to have enough fiat to buy at a lower price. Still risky. But as long as I don't get greedy I think I could easily get a 10% bag increase... I picked 20% But in reality it is more likely I would buy the dip. |
|
|
|
okay I got a bit lucky hit a very large amount of etc on a very small pool that I had 1 s15 pointed to for years. So I decided I could overpay a bit to learn about the 6600 xt the 6700xt and the w6600 I used my pool hit to buy the four card and to get some more miner dude cases https://minerdude.com/product/pre-order-minerdude-x12-xtreme-12-gpu-smart-mining-rig-pre-order-delivery-late-aug-early-sept/I now have 4 filled with 8 cards each and will be getting 2 more cases. I have a long relationship with that seller so he is discounting them to me. I will fill the next two cases with nvidia rtx a4000 and the amd build. I obviously will need other amd cards to fill the 12 card case. as 2x 6700 1 x 6600 1x w6600 will not fill the case. Now that is very posh but the thing does cost the price of 64Mhs tho very nice if you have racks of them.  we go back a long way and I got a very good discount for the six. but you are right they are not cheap. very well made can do 120 or 240 volt. they will lower my smos bill as I will merge a few small rigs into them. I will end up with six doing over 3.9gh I think the farm will be close to 6gh eth and 33.5gh ltc/doge and 2ph btc |
|
|
|
Its been a month now. I've swapped a number of e-mails, many with a "please reply so we can solve this today" that I don't get an answer to when I reply. Seems like I get a different support person and have to explain things all over. Very frustrated. I've tried their ticket system, and my tickets disappear - although they tell me they are there.
Their posted number is 1-888-55-crypto, which is one digit too many. I've asked for a real phone number via chat and e-mail and haven't gotten one. Chat has been working about 20% of the time, mostly my inquiries remain unanswered.
They have also talked about refunding me in cash, when I would require bitcoin (for tax purposes - if I get bitcoin back, it was never spent - cash would count as income). Also a pisser that I ordered at $47K BTC and its now $55K, so I would not be able to buy back as much bitcoin as I sent even if I tried. It was a $31K order, so not a trivial difference.
wow blokforge is a fail for you. I would have never thought I would see the day. Take the cash as it is better then a full loss. Don’t feel too bad. If you get the cash 💵 It is not terrible. Now I await 50k in gear direct from bitmain 6.5k in gear from provantage all delayed. and 4k from minfarmbuy - on time and 1.8 from ebay - on time and 2k from minerdude -on time. So till I get that 63k worth of gear up and running I am nervous. |
|
|
|
|
top 2.11% of the btc addresses hold 94.73 % of the wealth.
top .38% of the btc addresses hold 85.13% of the wealth
so btc is spread a bit better than normal wealth
I am in the 1-10 coin range
which gets me inside the top 2.11% number.
If BTC hangs in there and I remain in the top 2% of btc coin holders becoming a millionaire seems more likely each month.
It is hard to believe holding over 1 coin gets you into the top 2%
Over 10 gets you into the top 0.38%
That would be very hard for me to get to. More likely I stay over 1 and under 5 for years to come. The stack rate with mining is slow.
|
|
|
|
|
I have 2x 12 guage two barrel shotguns. very very old school. Means I can shoot four shots and hope the wife is fast at reloading.
better than nothing I suppose.
back to the 1% holding wealth with btc the top 3% hold 90% of the coins.
|
|
|
|
New poll incoming. Old poll results:  December 2021 for New ATH is confirmed. Those holding BTC for 5+ years OCT NOV DEC are like Today, Tomorrow and Day After Tomorrow.
New poll question:BTW can someone please explain I didn't get he new poll? " How much of your stash would you sell if Satoshi's coins moved to an exchange? (credit:Hueristic)" "moved to an exchange" how? what you mean by moved to? May be I'm too naïve to under the logic behind this question. If you saw for example, these coins (I'm assuming block 2 rewards were mined by Satoshi himself) visual link for those who trust but verify: https://www.blockchain.com/btc/tx/9b0fc92260312ce44e74ef369f5c66bbb85848f2eddd5a7a1cde251e54ccfdd5 get transferred to a known exchange address perhaps from this list, visual link for those who trust but verify: https://www.walletexplorer.com/ would that concern you enough to sell some or all of your BTC stash? Wow very interesting question. This all makes sense now, but I strongly feel “Satoshi’s coins” is a wrong term we should say “Satoshi’s bitcoins”…. Satoshi’s coins… who knows what else he have under his wallet may be some Doge or Shiba or what else :p That being said irrespective of Satoshi’s coins if you are a true Bitcoin believer his bitcoins moving to an exchange doesn’t effect bitcoin overall. Here on WO we have discussed this that Bitcoin is now much bigger than Satoshi’s creating digital currency or a crypto currency, it’s revolution now. Revolution against the Bank Mafia, Governments and Politician and <0.1% of worlds top policy makers who’s own more what we bottom’s 90%. Let see the worst case scenario how much Satoshi owns guessing from the earliest wallets. Two Bitcoin wallets associated with Satoshi holds 980,000 bitcoin which is about $54.10 billion as of today on Oct 2021. That’s less than two days of current trading volume of Bitcoin. (last 24h volume is $38.36b). So yes it will slightly effect bitcoin price in terms of $ and guess how much time would it take to recover back? Few weeks? Couple of months? Or a year? That’s it…. That’s it even a year is too much of over calculation. But question here is would I be selling “any thing” because of any such event? Answer is big NO!!!! In fact that will be an another opportunity to accumulate some more  Simple questions to you are how many addresses have been used . And how much btc is in the top 1% of the addresses. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlthat link shows that the same shit has happened to btc as regular cash. top 1% whales bottom 90% gets hammered |
|
|
|
Sort of off topic... But also not. The 28 year old inventor of the FGC-9 (Fuck Gun Control-9) a nine mm semi automatic 3d printable rifle "died of a heart attack" in his car 2 days after being raided by the German police. He created a 3D printable firearm that Anyone with a 3D printer and the right filament and some easily attainable parts can produce without permission from their government. I am not a gun nut, or even a big fan of the FOSS firearm movement, but it is obvious to me that the coming world government wants to keep firearms out of the hands of those who are currently not allowed to have them, and take then from those of us who do. Because they will HAVE to do this to control us. This young man brought the possibility to bear arms against the coming tyrannical global rule to the people who do not currently have it, and was executed for it to be an example to those who will follow in his footsteps. In the end I hope he will be seen as a martyr and his death will produce dozens more like him. If nothing else I hope it will awaken some to what is coming, and why the US 2nd amendment is so very, very important, and a freedom that just like the freedom of speech should be replicated in ALL the nations of the world. Hit piece about him here: https://pastebin.com/ZRLpwW0L"Before a standing army can rule, the people must be disarmed, as they are in almost every country in Europe. The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any band of regular troops."
- Noah Webster, An Examination of the Leading Principles of the Federal Constitution, October 10, 1787 "Besides the advantage of being armed, which the Americans possess over the people of almost every other nation, the existence of subordinate governments, to which the people are attached, and by which the militia officers are appointed, forms a barrier against the enterprises of ambition, more insurmountable than any which a simple government of any form can admit of."
- James Madison, Federalist No. 46, January 29, 1788 "If you wanted or if you think you need to have weapons to take on the government, you need F-15s and maybe some nuclear weapons."
- Joe Biden, though incorrect, June 2021 To those of you who think I am crazy... I hope you remember this warning when you realize in the future that I was not. *EDIT* I FORGOT TO MENTION THAT IT WAS FUCKING COINBASE WHO HANDED HIM OVER. There was a time I would have considered this post to be ‘crazy’ . After 2020 and 2021 maybe it needs to be thought of as unlikely. I am 64 soon to be 65 my luck btc will truly moon 🌝 and I will finally be a millionaire just in time for the real lockdown. |
|
|
|
okay I got a bit lucky hit a very large amount of etc on a very small pool that I had 1 s15 pointed to for years. So I decided I could overpay a bit to learn about the 6600 xt the 6700xt and the w6600 I used my pool hit to buy the four card and to get some more miner dude cases https://minerdude.com/product/pre-order-minerdude-x12-xtreme-12-gpu-smart-mining-rig-pre-order-delivery-late-aug-early-sept/I now have 4 filled with 8 cards each and will be getting 2 more cases. I have a long relationship with that seller so he is discounting them to me. I will fill the next two cases with nvidia rtx a4000 and the amd build. I obviously will need other amd cards to fill the 12 card case. as 2x 6700 1 x 6600 1x w6600 will not fill the case. |
|
|
|
|
edging back to 55k. Maybe we get the big jump tonight.
|
|
|
|
|
hmmm . Still floating at 53-56 range.
I wonder if we go over 60k late tonight or early sunday.
|
|
|
|
yup sticking with my 60k but i wont complain if you hit it with 70k  Yeah heck even if theymos beats me out by a few pennies . We would still be over 71k which would be nice with my spare selling stack |
|
|
|
I'm a bit puzzled about what has happened to all the Chinese mining machines that disappeared off the network. From a peak of 180 Exxahash down to the current 130 is an awful lot of hardware, and from what I know about China (not a lot) it seems that getting them out of the country is reasonably easy - if you know the right people.
You would think that with the potential money at stake all of them should be rehoused in a friendly country by now? I know there's been problems with shipping containers for some time now, but even having to spend $20,000 to get a 40 footer load of machines is peanuts compared to whats at stake.
Lastly, what is the situation with Bitmain's orders taken earlier this year for October delivery - did everyone get what they paid for yet?
i have 50k in orders due in nov. hoping to see them show up. |
|
|
|
|
Show Posts
