Defi hasn't been a success outside shitty altcoins for years now, why would it be one on Bitcoin when obviously there is no need for
NFT, we have seen them, total failure
Gaming, again proved to be another hype everywhere
AI...how it would even work?

"developers" are getting desperate and are running out of shitty ideas to sell to investors, everything til now has proven to not serve the actual purpose and only a buzzword to move market prices, look at all those coins that are rebranding from defi to metaverse to ai, how it would even be possible to do it in the first place ?

Read again see clearly said very rare he didn't say impossible and why insert that huge ass picture, do you think you're making some point or something? Pay more attention to what people say rather than rush for your quota!



And yet this doesn't stop bookies from taking bets on the "winner" and gamblers throwing money at it.
I've never understood why in some countries it is legal to bet on predetermined things like WWE , or dumber things like an artist releasing a song this year or the end of a tv show season.
https://www.denverpost.com/2019/05/18/game-of-thrones-odds/

I've already said it a hundred times, doubling capacity at every halving!


Nope, that's your opinion, not a certainty, and please don't start comparing again with forks it's like saying that Acombolofulo payments doesn't need worldwide servers for their business 


At least it's doing something other than praying for a magical fix.


Yup just like Ford destroyed car manufacturing, like jumbo jets destroyed air travel, like huge chain hotels destroyed tourism and so on..
It's just funny that no matter what no matter how many people use bitcoin, no matter how much they use it we should stick to this 1MB block because that will do it no matter what, good that the world population is not going up because I would envision 2500 with 200 billion people all competing to get their tx in the same 1 MB block.


I've already said it, there is only one, and I am also all ears what do you think the solution would be?

Then we should reduce the space to 10kb, allowing only $10k+ tx because buying coffee with bitcoin is pointless, right?   

To be honest I would love for the ones being against bigger blocks would make up their mind and form a group so they don't go against each other cause I keep hearing contrarian arguments
- fees won't go down because blocks are bigger, but the miner's revenue won't increase
- just bigger blocks won't make more transactions, but bigger blocks would somehow still be full and still, pay less

Every single thing in this world from air travel to superstores has become attractive because of scaling, driving prices cheaper, and making it more affordable for everyone driving more customers and revenue than you could do with a premium product and this hope in the future that users will actively pay $50 for a simple tx to keep the same level of the security as we have now is just daydreaming.

If you want usage, make it affordable!
If you want security, someone has to pay!
Both can be achieved only one way!

I can confirm that the sports betting isn't loading, the casino side works and loads fast enough, but the others are unavailable, tried with a different browser unlock on/off , but it's not from our side, the last bets is also stuck seems like nobody is able to play or have bets settled.

LE
Works again, loads instantly.


Having that much around on a betting site would make one unconsciously increase the size of the bets, I wouldn't dare to put that much despite the fact that the returns sound good. But I understand that there is a limit to how much users would be able to deposit 20BTC overall so probably not that many would be able to put that if they want in the bank.

Anyhow I've moved two weeks of sig in there and left change for my horse racing, hope they will fix it soon, the first two races of the day and twice the fav won by a nose in the last stride, I'm already 10% over the normal heartbeat!

Popular?Lol!
The moment 9/10 of the board would have to Google to even know what those coins are it's the moment "popualr| drops from their name!
Binance drops shitcoins that have no volume every month, and they don't look for the implications it would, the low volume and interest in those pairs are why they get deleted!

So in short, ZERO impact!


The moment all exchanges would delist Bitcoin would be the moment we go 10k in a flash if not way lower!
You probably don't realize the consequences of losing all CEX, it would be a harder blow than any country ban, as for DEX, look at the volume a DEX has compared to medium-sized enterprises like Bitstamp first!

Before preaching about money and bitcoin you should really study Bitcoin more.
The circulating supply of Bitcoin is always increasing and will do so for a long time from now, the amount will not shrink (unless major accidents) for decades to go.

Second, scarcity doesn't mean something has value, there are thousands of tokens/coins /altcoins /forks that are also "scarce" but this doesn't mean they have value, it would be enough to look how the 21 million forks of Bitcoin have the same supply and issuance and BCH is $500 while BSV $60.
One needs utility before scarcity to have some value!

There will be plenty of reactions
- a lot of members will suddenly go MIA
- a lot of users will suddenly realize that they are no longer fans of those football teams they've been posting news about for their quota for years and stop talking about it completely
- the gambling board will only be made up of people who actually gamble, which would be a real change
- probably it will cut both spam and usage on the same ratio
But more importantly, we will all start betting on the date theymos will implement kyc cause that would be the next obvious step

Religion is the biggest gamble of all!
You live your life believing your is true and if you have chosen the wrong god you're **** for your entire afterlife!

And just for the sake of discussing the other aspect, no god was around when slot machines were invented, and if any priest/mullah/rabbi whatever claims that everything that happens is the work of their god, then gambling is also a thing the same god allowed happening!


Some! Since archaic religions predate the use of money or writing, gambling is second to religion on the timeline.

Off-grid with no batteries? NO!
The cost of solar panels and batteries that need to offer you at least a day of power to avoid bad weather on top of normal dai/bight circles is just too much, and mining with gear only during peak sun times means you're going to have to double or triple your ROI period (at least), plus you're ging to face every day problems with load balancing, so you either overbuild so more investment or our risk shutting down at the smallest variation


11 000! The numbers keep growing  
Also, how much electricity does your house burn a month?
An s19 is doing 2100kwh/month let's multiply that by 11 000, and taking into account average per household in Venezuela is 1280 a year,  it stops becoming so trivial, isn't it?

The same way Toyota does versus Ferrari, you sell 10 millions cars instead of 100, in bigger batches..you know what I mean 


Yup, like going long with 10x leverage on Solana 


Once the block reward is gone, simply, it won't! 
With fees not making a dent in the reward, the security of the network halves every for year compared to the sums of money it guards, fast forward 10 times in the future and you have Fort Knox guarded by an obese 90 yo armed with a pack of tic tacs.

Isn't that cashback in our picture the payment for the signature campaign, cause I have the same date and roughly the same sums and time 

It's not 72% it's 90%, they statistics graphs include all population, I doubt 2yo kids would need a phone.
https://www.pewresearch.org/internet/fact-sheet/mobile/?tabItem=5b319c90-7363-4881-8e6f-f98925683a2f
and the ones making the number smaller are in the 65+ category, let's not forget people that are il, have a handicap, or are in prison.


That's not how CBDC currencies will work.
You will not have an account at the Central Bank you will still have a commercial bank account, the central bank will not care about the personal deposits, they will just oversee the issuance of those to the banks. You will still have a bank account, you will still have a credit line, and you will still be able to do the exact same thing as before, the only thing that changes is the settlement process which most of us were anyhow unaware of.
Besides, how would CBDC even replace credit lines?

Two days left and seem like the hash rate is keeping up, normally we won't be seeing more than a -/+ deviance by the end of this.
Price is obviously helping even with fees hitting a new low so unless we have another shakedown to visit the 60k area I don't see any mining slowdown either.  If anything happens maybe it will be by the end of the month as maybe some other contracts expire or by the end of June as Q2 closes.

It was a bit unexpected but seems that even 5cents/th is enough to keep all this running, and what new and more efficient gear maybe even 4cents per th/s would keep way more 80% of the hash rate active. Besides, with each passing day there is more and more gear that has paid itself off, so it is mining strictly for cost/revenue, no point in shutting it down even if it makes half a dollar a day, it's still half a dollar more than nothing.

Starting to feel more confident in my bet about the hash rate ATH.

Bruh, this is how Martingale works, if you lose you double the money, if you win you start with your usual bet!
Your strategy to improve it is the basics of the whole system, you won't change the outcome one bit with those.!


I''m really curious how would you play Martingale without repeating them cause if you do so you can claim you have invested a new system.


It will never work long-term for anyone, no matter how large your pockets are no matter what strategy you employ, incremental bets when you don't win every other single bet you put down are going to make you lose in the end.

And one month later they keep minting them, reminds me of gold miners digging for gold 100 years after the mine was depleted.



Interestingly enough the more the fees go down the more cheap it becomes for everyone to get some of these, creating an artificial floor, probably there are enough who didn't want or were unable financially to get in the first wave and now they are trying their luck when it becomes affordable to gamble with those on their value.


I think those grapes are a bit misleading, it would look like runes have gone 1% of their activity but when you check the percentage of tx or the numbers they still make 20% of them:




Of course, there will be a new thing, I doubt we won't have one in a few months, just give them time to unload completely this crap to users so they don't end up with unsold merchandise and they will invent the new big thing, if jpg monkeys sold that well what wound't sell?

Pools can easily choose what transactions they want to include based on their requirements if there is enough demand for those and they see they can have either a full block at 10sat/vb or 99% of it at 1sat/vb and one tx at 100sat/vb they can choose the largest one, plus with income this low no pool will refuse and extra 5k on the block with a behind the curtain deal, remember that these are extra money they will not pay the miners for it 


Oh, it might look for us as much, but when you take into consideration how many we are in this world and how some spend money it becomes peanuts. Ordinals have in the first wave managed to keep fees above 30sat/vb for 4 months, that's two years of tx at 5sat/vb and let's not forget that once the fees go down there are also genuine transactions and consolidations happening.

And even one block a day, that's close to 1% of the capacity, imagine the headlines and how much Bitcoiners would laugh if a kid were able to cut 5% of Visa capacity in day with $30k. 

So Max won, Hamilton got 6 places by a fluke, and Perez did his worst so no double podium for Redbull, the only miss was the fastest lap and combo winner, lost the 5-10 seconds and won the under 5, compared to the previous race where I got completely wiped this is way better, not making it up yet but on its way!
And yeah, Ferrari is as usual not impressive, those changes might be working on another circuit, (let's see the sessions on Monaco) but I'm not taking any chances even with the home-ground advantage or whatever, meanwhile Max is at 1/100 for the overall win, even this late scare hasn;t done a thing o the odds. 


 

Somebody moving his inscriptions
It's those things:
https://www.ord.io/bc1qu2em6g2zaeqkluvxvjpa7zvesafu44u7ug2un0
with this
https://mempool.space/tx/2d30cd255aa308e2ea0275350390965b30786238b3d5d0465b088539f059a123


I wonder how much better it can get, current block rewards are:
Total fees   ‎0.087 BTC $5,853
this means anyone willing to pay $6k to have his own block all by himself can do so, if we go even lower at 4 cents it's half of that, and we know there are guys willing to pay 2 million for a satoshi...

[/quote]

The hashrate can't react to price changes that fast, you say the price has crashed but in November it was at 6k and not counting December and January for nearly the rest of the year it was in the same 6k-8k price range, somebody who would have placed their order in May at $2.5k and got their fully functional gear 3 months later would definitely keep on mining, much like the other preorders that sometimes take even 6 months. If gear were as easy to buy as canned goods at Walmart the reactions after a price jump would be far more intense but with these delays in orders, shipping, customers, and installing you will see months of discrepancies.

Also, there is another problem, yeah price is going down, but how much does that mean in terms of earning, if you go down from 60 cents to 30 cents per th/s is not even close to the blow of getting from 10 cents/th to 5 cents. If you drop from 40 to 20, for example, there is a shitload of room for expansion, at the least profitability peak we were at 40 cents, with enough room to grow by a lot now we're almost reaching equilibrium, and whatever growth it is on borrowed money from investors by the big guys.


You will damage them by making their share of the pie smaller, so less income per $ of costs, but this will not affect the price, it will be a result of the price.


Again, basic mistake that keeps getting repeated on all these blogs!
The cost is the same, if I mine with 10cents per kWh I'm going to have the same mining cost the whole year for my s19, that's 72kwh a day, $7.2 each day, no matter what the hashrate is, it can go up or down the cost for mining is the same, it's the revenue that changes!
1 million ASICs haven't changed their mining cost just because somebody else has bought another 500k of them, it's the revenue that has slid by 1/3.