Venezuela could also decide to cooperate with China/Russia and RAISE the price of their oil. The U.S. doesn't have the power of negotiation.
I believe if that happens, then inflation will rise, and Jerome Powell would have to increase interest rates again.
The way you talk about US, it's as if they didn't put dictators on countries back in the 60s or secretly supplied weapons to insurgents around the world, they make you think that they don't have the power to negotiate but their military might and foreign influence isn't really something that anyone can just dismiss, I mean in our country, our last president was a staunch opposition of US having a presence in the country but the joint military exercise was still operational. I'm not saying that the United States has no power over countries like Venezuela, but it's becoming very probable that their "power"/political stronghold is not as powerful as it was. Venezuela is talking to China as partner in economic and political matters. Perhaps that's the seed for Venezuela to later be a military partner? They're not as scared as they were in the past. Why? Because China and Russia are starting to advance militarily and politically, and their advancing faster today than during the start of the century. |
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not your keys not your coins is not a % of network strength
the network strength has nothing to do with keys..
its the decentralised nature of the blockchain, where the ledger is not locked to a centralised server for a one copy ability to edit.
its the decentralised nature of the mining power that the blocks are not all created in one location/jurisdiction/controller
the not your keys not your coin is about personal wealth protection
the network does not fail if numbskulls think they own value in a custodian. its the numbskulls failing themselves by not protecting their value by not using the network
you cant claim the network has failed, due to users not even using the network.. its the users not using the network that failed themselves
It's merely a question of how much of the total supply should be in the vaults of centralized entities before we can start to say that Bitcoin is failing as a permissionless, censorship-resistant cryptocurrency. Because if you store your coins with a centralized third-party, those coins are not truly yours, their not permissionless, and definitely not censorship-resistant. Plus we haven't started to truly think about the situation of "what if most of the Bitcoins in circulation are in the vaults of centralized institutions", which might be a topic of serious concern years from now if some threshold is reached? |
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OP, it's hard to make an annual projection if the data used is a mere 31 days. Plus what's your margin for error? I'm confident that you can't truly calculate any with accuracy because your data points are so low. But what could help you is to back-test your strategy through the use TradingView's "Strategy Tester". If you DYOR there are many educational guides such as this one, https://www.financialtechwiz.com/post/tradingview-backtestingAlthough, intra-day back-tests are not available for free. But TradingView does have a 30-day free trial. Plus for plebs, it's probably better to use lower time preference strategies. |
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While the pie chart may be alarming, let's not jump to conclusions about Bitcoin's failure just yet. It's important to remember that the strength of Bitcoin lies in its decentralized nature. As long as individuals continue to hold and transact with their own keys, the true spirit of Bitcoin lives on.
You're right, its strength and "robustness" does rely in its decentralized nature, but that's truly the question. What's the threshhold? 50%? 60%? What if more than 70% of the total supply are held in the vaults of trusted-third-parties? Currently, these are the largest centralized entities that HODL Bitcoin in their vaults, it's probably growing, https://bitcointreasuries.net/?maximized=treemapIt could continue to get worse after legacy asset managers like BlackRock start buying and HODLing Bitcoin in their vaults too. |
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As a gambling beginner, to avoid unnecessary dramas I think it's better to avoid using any casino rating platforms for choosing the right casinos for you because the data they will use to rate each casino might be outdated already, you need a platform where constant users of casinos are dropping their experience from time to time, if a casino starts hitting their customers with scammish behaviour you won't know in time until after you are already a victim.
This is why I will always recommend this forum for beginners instead of any third-party casino rating websites, they just aren't always accurate, I started feeling like gambling when I joined this forum, not because of some reviews online that's probably created after they get paid, I mean who would know anyway?
There is no point looking elsewhere for online casinos you can use for gambling, there are too many on this forum that has good reviews and good user base where nothing will be going on behind closed door without you knowing a thing, I appreciate your effort OP but this isn't for me, I am satisfied with the casinos I knew through this forum.
There's also some probability that the casino ratings site received payment in exchange for listing. Plus no sers, I'm not making an accusation, merely saying "perhaps". Because why would a very unpopular casino in the forum get a good rating from crypto ranking sites? ¯\_(ツ)_/¯ Plus if you're a Bitcoin gambling newbie in BitcoinTalk just use the signature campaign managers as a guide. Campaign managers are incetivized to be honest, therefore the casinos they promote have a higher probability for trustworthiness. |
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I believe not, unless the U.S. starts drilling the Oil within their own region, WHICH they will never do as a matter of policy, BUT they will start a war, be a direct war or a proxy-war through Israel, to protect the "sanctity" of the Petro-Dollar.
I beg to differ. War in the Middle East will create a lot of problems all over the world. This ranges from real problems in the oil market to mass riots of migrants in the EU countries that gave them shelter. I'll digress a bit here - a question, tell me, why do you think migrants from Muslim countries do not flee to "native" nearest countries, similar in faith and mentality, and these countries do not accept their brothers" ? It's a question to ponder  So, the US could probably start a war, but it would not be profitable for them. It would be easier for them to make a deal with Maduro and easily get cheap oil from Venezuela for pennies. So your theory is a bit "lame"..... But I'm not saying the U.S. will start either a direct war, or a proxy war, because they want that. They'll start a war because they are provoked to. Hamas is an ally of Iran, which, off the record, might be giving financial support to the group. Syria, which has the support of Russia, might join Iran in the provocation of war. And if Russia is allegedly in a war through proxy, the U.S. allies will also join, WHICH will make China join too, because of their economic interests in Russia and Iran. There's Saudi Arabia, which already showed support for Palestine. From an economic viewpoint, they have countries against the U.S. and its allies, which are main producers of Crude Oil in OPEC. If they wanted to defeat the U.S. they would use their position as main oil-producing countries as weapon. What should the U.S. do, what could they do? - WAR There's no choice if they are provoked. Although, China had diplomatic and economic talks with Venezuela, and signed an agreement of building a special economic zone in Venezuela for economy, trade, and technology.
Plus everyone already knows that there's a probability that China and Russia are directing a financial war against the United States, through the Middle East, through Asia, through the Russo-Ukraine war, to weaken the Dollar and therefore also weakening the U.S.
Regarding China. China and its investment and friendship is a gift. I think you don't need to be told about Sri Lanka and Chinese investments. They are trying to do the same thing everywhere. And Venezuela is even more attractive for them, as it is the largest country in terms of oil reserves. Plus, the Chinese economy is in a very difficult state right now and the prospects are not "bright" at all.... They need to look for cheap, highly liquid resources to save their economy. So if I were Venezuela, I would think 10 times before getting involved in "friendship with China". PS By the way, Russia has also become a raw material appendage for China to save its economy.... But the truth is that Russia is not as useful as one might think If there's war in the Middle East that involved China and Russia, which side would Venezuela support? I believe not the U.S. |
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Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors
It is interesting how desperate United States is for energy that they have lifted sanctions on Iran's strategic partner  and only sanctions on Energy Sector and not anything else like the basic needs of the Venezuelans that they can't have access to just because they are sanctioned! US is not even releasing the money they stole from Venezuelan people (the money blocked in US banks) that could significantly improve the country's economy!!! As for elections, to me it sounds like another US backed coup is on the way to try and install a US puppet in this oil rich country! I hope Maduro knows what he's doing. In any case I'm very curious to see how this all turns out. And whether Venezuela would actually increase production or is it even capable of increasing production to replace the millions of barrels of oil per day that has already been cut by the OPEC countries and may be cut more in the future! Statistics say no! The amount of bpd that Saudi alone has decreased is more than the ATH of Venezuela oil production... . What they are worried about is the destabilization that a couple of rogue countries are now trying to cause by stoking the fires of a new global war in the Middle East. Plus, the huge amount of oil from Venezuela is guaranteed to stabilize the world market, whatever the economic terrorists are up to. More precisely, their further attempts to influence by reducing production will create a problem only for these countries themselves I believe not, unless the U.S. starts drilling the Oil within their own region, WHICH they will never do as a matter of policy, BUT they will start a war, be a direct war or a proxy-war through Israel, to protect the "sanctity" of the Petro-Dollar.
The fact that NOW Venezuela does not give much oil to the market is a matter that can be easily corrected, as the largest proven oil reserves and easy enough production will allow to catch up quickly and to reach the required production volumes.
And Venezuela, after the "skillful rule of Maduro" now needs to restore the economy, raise the standard of living, restore what was ruined by Maduro's rule. And oil will be the "magic wand" that will help to solve the problems of the population and the economy FAST and QUALITATELY.
I wish the people of Venezuela not to make any more mistakes, not to choose populists, and to make the right choice, which will lead to prosperity and life in a rich, developed country !
Although, China had diplomatic and economic talks with Venezuela, and signed an agreement of building a special economic zone in Venezuela for economy, trade, and technology. Plus everyone already knows that there's a probability that China and Russia are directing a financial war against the United States, through the Middle East, through Asia, through the Russo-Ukraine war, to weaken the Dollar and therefore also weakening the U.S. |
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Didn't Saudi Arabia, or was it one of the other Arabian Nations, cancel their oil supply deal with Israel and that they started talking to Iran, thanks to China's help?
There was the "normalization with Israel" that was canceled (or rather went behind curtains again) the day Saudi Aramco went up in smokes when Yemen attacked it, then the Saudi regime came to Iran on all fours with China brokering the meeting. However, they still have relations ("behind curtains") with the apartheid Zionist regime and sell them energy even if some deals here and there may have fallen through. Ser, I believe we as forum members should try to post our personal opinions more objectively. We can't do finger-pointing and name-calling to one side or the other. There might be some forum members reading the topic who's from Israel. It isn't they're fault, nor do they support war.
I see what you mean but I respectfully disagree. Lets see two facts: First when you say "someone from Israel" we are not talking about natives of a region in the world who have roots there. We are talking about immigrants who came from different parts of the world to occupy other people's homes by force and at gunpoint. Secondly, they claim to have democracy and in a democracy people are both aware of and are OK with what their regime does, specially when they willingly and knowingly migrate to live under the rule of that regime. The Zionist regime is globally recognized as apartheid, not yesterday but many years ago. The ethnic cleansing of Palestinians by the regime is also not hidden to anyone. So when the regime commits atrocities openly and proudly, the blood of their victims is on all their hands. If they don't want that, they should go back home. I don't care about what's political-correct way of discerning the situation. I'm merely saying let's stop the name-calling/finger-pointing. There are real deaths and casualties from BOTH sides of the war. Let's stop spreading/augmenting the hate, and continue to learn from each other. Tensions in West Asia went up a notch overnight. - I counted at least a dozen attacks on US bases in Iraq and Syria with US casualties (eg. 2 KIA in Deir ez-Zor). Some of the US bases that are targeted are around the energy fields in Syria that US has been stealing their resources. For example the base in Koniko (gas fields). The propaganda arm of CENTCOM has only admitted to two drone attacks and some injuries*! - The biggest news came out in the middle of the night. The armed forces of Yemen do not mess around. They've shot at least 2 cruise missiles in the north direction although the details has not yet come out. We don't know if the target was USS Carney in Red Sea or occupiers position in occupied Palestine. * The official statements were too mellow when it says "we are vigilantly monitoring the situation" whereas in the past they "vowed retaliation", "a harsh response", etc. not that they ever dared do anything for the other ~6000 times US bases were attacked in the first half of this year, but at least the statements were different when they admitted to being attacked. https://www.centcom.mil/MEDIA/PRESS-RELEASES/Press-Release-View/Article/3561125/us-forces-defend-against-drones-in-iraq/
P.S. Of course this all means oil price got solidified above $90 and it's not gonna come down any time soon. With the possibility of rising higher if the tensions keep growing like this. The winner IS, Inflation through reinflation.  Reinflation = More Rate Hikes. More Rate Hikes = Higher Probability of Recession. BUT if Inflation is "sticky", then Stagflation. If Stagflation = Stores of value assets might be more valuable, including Bitcoin. |
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Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors after President Nicolas Maduro's government and the opposition agreed to hold free elections. The U.S. is trying to increase supplies to the global oil market, where Saudi Arabia and Russia have managed to raise prices by restricting production and exports.
Was that truly the reason? Or is the U.S. expecting an oil embargo from the alliance that's building in the Middle East against Israel and its allies? They probably don't care about the "free elections". They're just using that to make themselves not look in despair, which they truly are. True, Venezuela's oil sector is in dire straits due to chronic underinvestment, corruption and sanctions, so it will only be able to increase production to a limited extent in the near future. The day before, Maduro's representatives agreed with the United Platform - opposition politicians supported by the United States - to hold presidential elections in the second half of 2024. International observers will be invited to monitor them. https://www.moscowtimes.ru/2023/10/19/ssha-snyali-sanktsii-s-venesuelskoi-nefti-a110518This means that in the near future, both social and economic situation in the country will change. And so will the oil market. ...unless, of course, the Venezuelan population decides to experiment on themselves once again and elect another populist socialist. Venezuela could also decide to cooperate with China/Russia and RAISE the price of their oil. The U.S. doesn't have the power of negotiation. I believe if that happens, then inflation will rise, and Jerome Powell would have to increase interest rates again. |
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[edited out]
You make it sound like it's "simple", but I believe it's better that we get the opinions of more qualified individuals in the community, like gmaxwell. I don't have any problem with having the more expert folks (especially in terms of the technicals to chime in)... I also have no problem asserting that recognizing further digits should be simple as fuck....including that it is likely not seeming to mess with anything, even in the original intents that seem to be present with bitcoin and its every 4-year halvening.. while at the same time I will admit that I don't actually know very much about coding... Maybe I should take a few coding classes to become a real "know it all" arm-chair expert? since you are getting into credentializm nonsense, and even if your first request for gmaxwell, Achow and/or frankie did not seem like appeals to authority, but your trying to suggest that I don't know enough for your desires seems to be attempting to denigrate my assertions based on my supposed lack of authority, which even though it might be true that I don't know much or anything about this in terms of technicals, we have not had any real decent arguments suggesting that what I am saying is technologically problematic... especially in the way that I am framing it in terms of 1 more digit every 4 years starting from 2048. Laughable that you include frankandbeans to be among the elite developers of Bitcoin Core. Hahaha. That person simply can't be trusted. I believe you would agree. Plus no, I'm not trying to denigrate your assertions. But like you, I'm also here to learn more about Bitcoin, and you told everyone yourself that you don't actually know much about coding/technical matters about Bitcoin. So do I, I too need to learn more. We need good people like gmaxwell and achow to guide/teach us. Plus none of what you mentioned says or even debates that some of the parts of the network is starting to ossify/or has actually ossified and may never change. It's probably good for the network to have the stability.
I already addressed that in my superficial way of saying that it seems that you are just throwing out BIG words that don't really seem to apply very much to something like this.. and furthermore, I mentioned that probably node runners could just start to run the software that recognizes further digits down and that seems like a soft fork to me and also seems like ossification doesn't really apply. That's not how soft forks work. We can't merely run full nodes with our own rules and call that a soft fork.
Your example of ossification was about the 21 million being breached, and my example of recognizing digits does not change that 21 million limit, even if it would end up resulting in the recognition of coins (sats) that would not have otherwise have had been recognized within the 8 digit limit.
Let's not nitpick. Let me end the debate by saying that the longer the network exists, the more resistant it is to change. If you don't agree, then OK. I believe gmaxwell and achow should get in the topic and give us the plebs their opinions. I know someone will argue "Appeal to authority", no, it's merely asking and learning from the smartest people in the room.
You are using the expression "appeal to authority" with a kind of literalness that seems to devolve into nuances of incorrect usage, and sure no problem that we might want to have (invite) some forum members who better "know technical things" to chime in on this particular topic.. someone other than your good buddy, franky.. That's what forums are for - Education and Learning from other people. Plus let frankandbeans chime in, my "good buddy" the big blocker and BCash lover. That's the spirit!!!!! Even though I know that he can be annoying sometimes, especially when he starts spreading misinformation.. but hey, we cannot necessarily pre-judge what he might say... even though surely requesting Maxwell or Chow seems probably better to the extent that they might have opinions on this topic or even consider the topic to be of enough importance to chime in. I like him to post more because, the more he posts, the more stupid he looks and people are slowly seeing that. That does not make much if any sense. He must not yet know about this thread. It's not about this topic, it's about all the topics where he posts. To me, it still does not make any sense.. and so maybe it is just me? Perhaps, BUT are you actually saying that frankandbeans is NOT spreading disinformation? Disinformation like the Lightning Network is a network of IOUs? Yeah.. but so what? who cares? You said that if he continues to post, then his posts will make him look dumber and dumber.. .and that assumes that everything that he posts is dumb.. which I am not going to go along with that presumption, even if I might be willing to go along with a presumption that he posts a lot of disinformation.. but that still does not mean that everything he posts is disinformation or going to be recognized as disinformation. I have had about enough talking about your seeming loneliness in regards to franky. That's because he's playing 4D Chess, ser. He needs to post some real information to mix in with his gaslighting, FUD, and the disinformation. Read his trust-rating as posted by gmaxwell and achow. |
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and with oil-rich regions like Saudi Arabia and Iran supporting Palestine.
The Saudi regime is a US backed dictatorship that is forced to support Israel. However, the cost of this support is seen over the past 12 days. Not to mention the people of Arabia support Palestine, despite the dictators. This makes things very complicated. Not to mention Yemen, the country Saudi regime invaded (9 years) and has a beef with them is ready to find an excuse to break the cease fire and bomb them back to stone ages. In short the Saudi regime is forced to support Palestine at least with empty words, they don't actually support it. Didn't Saudi Arabia, or was it one of the other Arabian Nations, cancel their oil supply deal with Israel and that they started talking to Iran, thanks to China's help? I should do more DYOR. I believe the result might be, all deals between Saudi Arabia and the United States/Israel to increase oil production will be thrown out the window. There's probably going to be ANOTHER Oil Embargo as a possibilty. Oil Embargo during 1973, https://en.wikipedia.org/wiki/1973_oil_crisisTwo days ago I would have said we are far from the possibility of an embargo, but because of how things change very quickly today we are much closer. The tensions are rising very fast after the Israeli terrorists murdered over a thousand innocent people taking shelter in a Red Cross sanctioned hospital last night. Even more so after Biden practically signed the death warrant of every single CENTCOM servicemember by officially saying they stand with the terrorists. US bases in Iraq are being shelled as we speak (at least two airbases the Al-Harir and Al-Asad). Also Jordanians have stormed both US and Israeli embassies. Same in Iraq, Turkey, Egypt, Morocco, etc. The events of next 24-48 hours can determine the size of this war. For example if US decides to respond to these small attacks, the attacks on US bases would increase in number and strength. Like what happened a couple of months ago in Syria. Ser, I believe we as forum members should try to post our personal opinions more objectively. We can't do finger-pointing and name-calling to one side or the other. There might be some forum members reading the topic who's from Israel. It isn't they're fault, nor do they support war. |
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So when the IMEEC was agreed there, everyone should have expected it to blow up like this. A much longer, more expensive, more costly and far less secure corridor linking India to Europe through UAE, Saudi Arabia, Jordan and finally the terrorist organization Israel. Not only this was economically and logistically stupid but also it was basically declaration of war against the Easter superpowers since it was going against all their corridors.
With Palestine rising up, IMEEC is no more than a fancy dream... and we have to wait to see at what degree these countries can come back to the Eastern controlled corridors that were previously established and agreed upon: namely Iran-Armenia-Georgia-EU, Iran-Turkey-EU, Iran-Iraq-Syria-EU.
P.S. Note that the corridor plan that went up in smokes wasn't just for goods, it also included energy transfer.
The war between Israel and Hamas actually complicates matters more. The United States will support Israel and therefore the E.U. will also support Israel, and with oil-rich regions like Saudi Arabia and Iran supporting Palestine. I believe the result might be, all deals between Saudi Arabia and the United States/Israel to increase oil production will be thrown out the window. There's probably going to be ANOTHER Oil Embargo as a possibilty. Oil Embargo during 1973, https://en.wikipedia.org/wiki/1973_oil_crisis |
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Bump. masterluc's last post in TradingView. Does anyone know what masterluc's latest projection on Bitcoin currently is and his latest takes on the market in general? This was his last post in TradingView, https://www.tradingview.com/chart/BTCUSD/zzbhCPLm-Long-term-targets-approaching/That was posted last October 2, 2021. That's two years ago, and he was always very bullish. Perhaps it's the same bullishness today, but maybe that changed when QT started + Russo-Ukraine War? |
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If they were a bit smart what they would do is HODL them and keep accumulating as many as they can seize, as I am sure that in the future Bitcoin reserves for the states are going to be like gold reserves today. The only thing is they need a much smaller space than Fort Knox to store large amounts.
And as Bitcoin's surge to six digits is highly probable because of the next BRRRRR-Money-Printing + The Halving + ETF approval, therefore increasing the value of those coins in their vaults, then they are now incentivized to become good actors and ensure the success of the network. U.S. politicians will probably start a debate that Bitcoin mining within some regions of the United States should be encouraged. Bitcoin, breaking political strongholds? ¯\_(ツ)_/¯ |
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This isn't CZ's view on the BTC halving, this is the common knowledge or view about BTC halving based on past events, and any person who spends a little time to read about the halving and what happens before or after the halving would know this. If history repeats itself, which it usually does, it could follow the same pattern again.
You hit the point, and there is really nothing more to say, at least not for those who are not big fans of the great crypto messiah who is trying (obviously successfully) to sell them general knowledge as something of his own. This is the same man who claims that 99% of people involved in "crypto" will lose their digital assets because they store them in non-custodial wallets. The man literally claims that 99% of these people are stupid, and I think it's stupid to trust such a man. ‘99% of People' Will Lose Crypto Storing in Self-Custody: Binance CEO Changpeng Zhao Plus just because there's a "halving", which limits the supply side, it doesn't truly mean that it will increase the demand side. Would Bitcoin really surge in a recession environment simply because the inflation per block was cut in half? We should also take the money printer into consideration. As observed in this chart, the movement of Bitcoin went with the positive year on year growth of the global money supply, as well as the negative contraction year on year.  Although the halving makes Bitcoin more scarce, and therefore "more precious", the demand side is also as important. Shower thought, did Satoshi put the expansion and the contraction of the global money supply into consideration when he made a design-decision of Bitcoin's 4-year halving cycle? |
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I have a fair knowledge about Bitcoin and cryptocurrency. I can hold down a good conversation in it however when it comes to trading, I have come to the point where I need to up my game. After using a mock trading app for some time, I stopped and tried the live environment. I lost money. Since then I have done some trading again. I feel I need to get back in the game. Right now I am coming in with a different strategy which is a mentor. Yes, I need a mentor in this renewed trading journey who would teach me the practical aspect of it. Because any of us can easily quote the theoretical knowledge of trading.
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?
If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.
Thanks.
Payment to the mentor per session/per hour, and a share of about 30% of trading profits from the mentorship. That would ensure that the mentor is not wasting his time, AND the 30% share in trading profits would ensure that the mentor has a "bet" on you to trade successfully. But it's hard to find a trustworthy and profitable mentor, especially during a bear market. Probably many "profitable cryptocurrency traders" during 2020 to 2021 are not trading today, and have become mentors to earn some money. Perhaps it's better to wait for the bull market? |
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but still like others said it might not be justifiable without a certain value.. I doubt that it a dollar and I even doubt that is a penny.. so even 1/1000 of a penny might be justifiable to recognize such further down digits.. Then why not use the Lightning Network if an app or a project needs sub-satoshi units? It's there, it's ready.
but hey, I am just one person. What do I know regarding what people want to do today as compared to what they might want to do in 2048 or times approaching 2048 when it might be considered if more than 8 digits might be justified to recognize on bitcoin's main chain. That would be very low probability, in my opinion. Bitcoin's supply cap and units are ossifying towards 21,000,000 coins, with 8 decimal places. .. but hey, if there is no perception of any need to recognize mining rewards into the 9th digits in 2048, then I doubt that I give too many shits. We might have to reassess where people are at (including where the BTC price is at) when it comes closer to 2048. we are still 25 years out from there.. so a lot of thing can change in the next 25 years including what is the value of a satoshi and therefore what would be the value of units smaller than a satoshi (further dividing the satoshi in order to recognize the then mining reward, for example).. But currently, am I? Haven't you been observing what's going on in the network in matters of development, proposals, and what changes are made in the protocol? Do you believe that the longer Bitcoin keeps chugging along, the more the Core Developers, the Economic Majority, and the large investors will be open to such changes like increasing the total supply, or the block size? Yeah.. but we are not talking about changing the size. We are talking about recognizing the 9th digit in 2048, the 10th digit in 2052, the 11th digit in 2056.. etc etc.. and it does not even seem very controversial.. especially if there were to be some kind of meaningful software that gets implemented and the peeps just start to run it.. ¡Viola!!! softfork implemented. Some parts of the network are ossifying/becoming impossible to change/update. Plus 21,000,000 Bitcoins has become like a social contract. Breaking it might have consequences.
You might be talking about increasing the number of coins. I am not. Increasing the recognized digits does not increase the number of coins. Sure part of this topic is the idea of "tail emissions," which would be increasing the number of coins, but personally, I am not even talking about that part.. By the way, I agree with the overall idea that increasing the number of coins is not likely going to be very acceptable by hardly anyone already in bitcoin, and that idea had already been quite strong from the beginning of bitcoin, so hard to even hypothesize that anyone would want to change that or even consider scenarios that increasing the number of coins would be justifiable.. even if it might be through some kind of a fixed tail emissions.. You make it sound like it's "simple", but I believe it's better that we get the opinions of more qualified individuals in the community, like gmaxwell. Plus none of what you mentioned says or even debates that some of the parts of the network is starting to ossify/or has actually ossified and may never change. It's probably good for the network to have the stability. I believe gmaxwell and achow should get in the topic and give us the plebs their opinions. I know someone will argue "Appeal to authority", no, it's merely asking and learning from the smartest people in the room.
You are using the expression "appeal to authority" with a kind of literalness that seems to devolve into nuances of incorrect usage, and sure no problem that we might want to have (invite) some forum members who better "know technical things" to chime in on this particular topic.. someone other than your good buddy, franky.. That's what forums are for - Education and Learning from other people. Plus let frankandbeans chime in, my "good buddy" the big blocker and BCash lover. That's the spirit!!!!! Even though I know that he can be annoying sometimes, especially when he starts spreading misinformation.. but hey, we cannot necessarily pre-judge what he might say... even though surely requesting Maxwell or Chow seems probably better to the extent that they might have opinions on this topic or even consider the topic to be of enough importance to chime in. I like him to post more because, the more he posts, the more stupid he looks and people are slowly seeing that. That does not make much if any sense. He must not yet know about this thread. It's not about this topic, it's about all the topics where he posts. To me, it still does not make any sense.. and so maybe it is just me? Perhaps, BUT are you actually saying that frankandbeans is NOT spreading disinformation? Disinformation like the Lightning Network is a network of IOUs? |
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Wow you guys really have 1xbit.com a five star rating?  I haven’t gone through the entire list of reviews in your site but this particular one caught my attention since it’s known around the forum that 1xbit.com is a scam casino and if you navigate around the forum (which I’ll advise that you do) you’ll see several scam accusation threads opened against them and any users here in the forum found promoting them through their signature space will be given negative trust for promoting a known scam site for monetary gain. We have seen THAT casino got promoted by members of the forum who were given legitimate negative trust-ratings. Plus No trustworthy manager would run their campaigns. OP, if you want to include casinos that would give you a higher probability for sign ups, I believe you should talk to the different campaign managers of BitcoinTalk, who incentivized to work ONLY with honest, legit casinos. They could probably help you get in contact with a casino representative and give you a better referral deal. Despite of having negative reviews about that site here in the forum, they are still getting the attention of the gambler and here in our local, I’ve seen their promotional campaign as well. Probably this review site is looking in the gambling industry as a whole and gave their honest review about it. Its a good idea to ask some managers here but I think you can have your review even without asking them by just trying the site on your own. Hahaha simply NO, if you ask me. I'm already satisfied with the current casino I like using. It accepts deposits through the Lightning Network, and I just discovered that it's part of the list in NoKYC casinos. I will never risk any of my precious Bitcoins in any casino that any campaign manager in this forum will never trust. But if you believe that we should not judge it because we haven't tried playing there, would you suggest that people join their signature campaign and try it on their own? |
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Update: $29k now.
How fast it surged to $29,000, was also how fast it crashed under $29,000. It was a mere pump and dump that started from fake news/false information that was posted everywhere that I-SHARES Spot ETF was already approved today. We haven't seen that kind of surge from fake news since the days of the bull cycle. Hahaha. It's actually very exciting. Yeah, I just saw it. Damn! Pure manipulation using the news. And because investors are all eyes on Bitcoin waiting for the ETF to be approved they used that to take advantage of them. This is not good, someone or some company should be sued for this. I bet a lot of victims will probably come out to show their support and not let this happen again. They found a hole, they abused it. If this can keep on happening in the cryptocurrency industry then more investors will just pick Gold instead of Bitcoin and that not going to be great news for all investors whose assets are in Bitcoin. It's scary that just one piece of news can rock the Bitcoin market and yet they are just apologizing for it and maybe fire one of their employees after pinning it to him/her and say it's all okay now. That's absurd. I believe not. Hahaha. Or they will absolutely miss one of the greatest surges of an asset, while they HODL their Gold for a mere 100% profit held in three years. The opportunity costs would simply be too high to ignore Bitcoin. Plus did you see how it surged because of the false information? What if it was true and real? To illustrate what kind of surge we might see when the ETF is approved, Gold's early ETF was approved during March 28, 2003. Find a Gold chart and zoom it out to the maximum. What would an ETF do to Bitcoin's price if approved? Plus there's the pivot from Quantitative Tightening to Quantitative Easing + BRRRRR-Money-Printing. I believe Bitcoin will surge like the bull cycle of 2015 - 2017. |
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Update: $29k now.
How fast it surged to $29,000, was also how fast it crashed under $29,000. It was a mere pump and dump that started from fake news/false information that was posted everywhere that I-SHARES Spot ETF was already approved today. We haven't seen that kind of surge from fake news since the days of the bull cycle. Hahaha. It's actually very exciting. |
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