Gentlemen.
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Price: $66,666
Reason: SOMA
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ETH will rise (perhaps a lot) because it is still the Smart Contract/Token platform. But over time people will realize that Bitcoin can do ALL THAT on sidechains without crowding up the base layer with cryptokitties. Boom use case destroyed.
ETH is going to 10k, then 20k. It will stick around because they won't let it die and some institutions are buying them already. Plus it has the wierd (if it's considered odd) thing that it uses 18 decimal digits after the point. The coin is fundamentally different and it isn't a fork of BTC, but it does use a blockchain. If one can get some sort of UniSwap equivalent to run on top of Bitcoin, then ... ETH is going to go away. Check out Sovryn, it's a no KYC defi exchange on RSK, still in early stages but looking promising. RSK sidechain is secured by Bitcoin merge-mining, so already way better than Eth.. you can find more info here: https://blog.rsk.co/noticia/the-cutting-edge-of-sidechains-liquid-and-rsk/Price is coiling, honey badger ready to strike
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Here is an interesting question to ponder: If a 'shitcoin' only wants to work with bitcoin and simply wants to build smart contract functionality on bitcoin, then is it a 'shitcoin' or maybe a Robin to btc's Batman? We already have Liquid, Microsoft ID and now another one (check yourself which one it is), which you can stack using bitcoin blockchain.
Incidentally, it is up a lot today, probably mostly because it's head honcho declared that they will have btc borrowing capability with NO asset exchange or wrapping (pure btc lending with NO third party, all on btc blockchain). Sounds unbelievable, basically a decentralized Blockfi.
I am quite curious about it. Main theme: You still have keys to your btc, but able to lend it out. Not sure about specifics, which are important, of course.
100%, I think eventually we will see secure, trustless DeFi of some description integrated into Bitcorn in one fashion or other. I for one would be happy if we could gain the power of smart contracts, ZK rollups etc (the most useful parts of the shitcoin casino) without sacrificing the security, trustlessness and permissionless nature of Bitcoin. There are some really promising projects in development at the moment that I won't go into further, but I encourage all to be open minded. In my eyes this is possibly the most maximalist viewpoint you can have, the idea that in the end Bitcoin will absorb any improvements from other chains/coins that are truly useful, thereby rendering all other versions a crappy "imitation" even if they were the originators of the upgrade!
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and I thought I was being a whale with my 0.25 btc purchase today
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past feelings... yeah, that's a good description. I noticed I don't feel that way anymore. It's replaced with absolute certainty now, no stress at all.
As Michael Saylor would say, my only fear now is that I'm irresponsibly short!
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It's the selective pointing of the finger that triggers me, especially if it's all about virtue signalling about climate change.
The bit that annoys me is when they say "oh but BTC mining uses up the energy of a small country without value"...we are replacing the entire legacy global financial ecosystem, and then adding value on top! I wouldn't be concerned about energy usage if it hit even 100% of global energy spent on legacy finance...it would be a much more efficient process than the legacy system, and it's actually possible to measure it; literally the only reason we are having this conversation.. That's not even considering the push it's giving us towards mass adoption of renewable energy Now, having thought about this, I can think of one argument that would negate some of the above: If you are arguing specifically that renewables reduce the albido of the earth, causing less radiation (and thus heat) to be reflected back into space I'll give you that side of the argument as a possibility.. I'll need to do some research to see if this is actually the case.
One of the only valid critiques of PoW mining, but I don't think we are even remotely close to it being an issue
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Doge is bleeding out now, might see a small dip as we shed the dead weight
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This place was always special to me. Still salty about the you-know-what but I'll pop in from time to time.
Good to see old faces again, hope you're doing well
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.... basically pump for ants, 42k completes the handle with scary-good timing, boomtime is upon us.
... Plottwist musk is actually part of S.African expat cabal that is satoshi, the guy who did the actual coding is in custody for gun-running and codes/hacks for the CIA while serving out his sentence
Dude, you really need to take your meds.
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Tesla just confirmed a $1.5 billion purchase, Jesus Christ. Want to accept BTC for their products too https://ir.tesla.com/_flysystem/s3/sec/000156459021004599/tsla-10k_20201231-gen.pdfHere it is: "In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. We believe our bitcoin holdings are highly liquid. However, digital assets may be subject to volatile market prices, which may be unfavorable at the time when we want or need to liquidate them. " Nice find, +1 WOsMerit Nom nom nom:
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Now that's what I call a candle! Feels like Doge about to get rekt
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Speaking of hilarious ETH issues: I just checked the latest monthly email update from the Enterprise Ethereum Alliance (EEA) @EntEthAlliance (founded 4 years ago) and checked the "Noteworthy Technical Updates" section and I nearly died https://twitter.com/ercwl/status/1358210278211661824
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Wow this is incredible, looking forward to trying this out!
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lol
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