The Bitcoin Cherry Burst at $41,515 Jan 8,2021.

Are you ready to wait 4-5 years before the next one?

That will be 4-5 years of lowering and stagnating bitcoin prices, as history has repeated since bitcoin began.

Or

Do you believe history will finally quit repeating itself and your Lambo is on order. 


 

https://www.wsj.com/articles/top-democrat-proposes-annual-tax-on-unrealized-capital-gains-11554217383

The top Democrat on the Senate’s tax-writing committee proposed taxing unrealized gains in investment assets every year at the same rates as other income,

Well , if we ever needed proof the world has gone insane, here it is.

Currently , you can't be taxed on unrealized gains in the US,
which means no matter how much the price of bitcoin goes up, you don't have to pay taxes on it, unless you sell it.

The above change would mean that you end up paying taxes on Market changes yearly ,
even thru you don't actually earn any profit if you did not sell.  

It is official, the inmates are running the insane asylum.  

FYI: This screws over everyone that holds any asset that increases in value yearly but does not sell,
such as stocks, precious metals, and all crypto currencies including bitcoin.  

*Note: If the US does this crazy thing, expect all other countries to follow soon after.

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[With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably.]

Franky1 gave his honest opinion, and whether you agreed with him or not,

you could always tell his underlying goal was the improvement of bitcoin.

Banning him does nothing but decrease the knowledge that this so called tech forum is in dire need of.

https://www.youtube.com/watch?v=fjJN08uqt70

With the first link, the chain is forged. The first speech censured, the first thought forbidden, the first freedom denied, chains us all irrevocably.

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Libra VS Bitcoin  (2 Coins Enter 1 Coin Leaves???)

Bitcoin Created by Satoshi
VS
LIBRA Created by Corporations


Libra Specs are still not confirmed, but faster transactions speeds and lower transactions fees to gain market share seem likely.

Libra is Centralized Control and Bitcoin currently is not.

Libra value per coin should be stable since the Corps are backing it with fiat reserves, while Bitcoin price can rise or fall quickly.

My thoughts are merchants will flock to it because of price stability , plus a little corporate nudging.

Bitcoin will still be harder to censor than Libra and its price won't be as stable,
but investors and traders don't want stability, they make money with the market swings.

So Investors and traders will still favor Bitcoin,
While Merchants will favor Libra.

So what is everyone's else thoughts?

Will one defeat the other or are they fighting in different rings and never shall they actually face off.

[Bitcoin needs to make a code change that requires all LN Hubs to run a FULL NODE.]

How to Solve the Non-Mining Node issue and Increase Real Scalability while keeping fees from skyrocketing.

Issues on Non-mining Nodes, are that their won't be enough due to ever increasing hardware costs.
Two very observable facts have come to light after reading BTC topics.

1. A Large Group believes upgrading hardware to give more transactions per 10 minute onchain blocks is inconceivable.
2. While the very same Group believes that upgrading hardware to process thousands of transactions per second on Lightning network hubs is a non-issue.

IE: https://bitcointalk.org/index.php?topic=4792622.msg51376928#msg51376928

Here is a thought experiment for you.
Bitcoin Devs refused to increase blocksize because of the excuse non-mining nodes would fail to keep up,
even thru block time is only 10 minutes.

 

love it. i can just imagine that conversation

bitcoin dev salaried by corporation:
     'bitcoin cant scale because you cant receive, validate and broadcast 3000 tx in 10 minutes'
bitcoin dev salaried by corporation:
     'LN is where wveryone should be because you cant recieve, validate and broadcast thousands/unlimited tx in seconds'
community:
     'why cant bitcoin?'
bitcoin dev salaried by corporation:
     'coz hardware'
community:(in sarcastic tone)
     'ohhh the same hardware LN needs to receive, validate, sign, revoke old sig and broadcast thousands tx in seconds'

Also even the dimmest among us , realize that LN Fees will exceed many Altcoins.

I believe if Lightning is used in a massive scale, its fees will be higher than most altcoins

(It is really because of the current block size limits.)


So knowing the above , the solution becomes apparent.

Since no one worries about the hardware requirements of LN hubs since they are a for-profit venture.

The solution is simple,
Bitcoin needs to make a code change that requires all LN Hubs to run a FULL NODE.
Not the scaled down nodes, like many use, but True FULL nodes with the Full Blockchain stored and letting new users sync the entire blockchain from them.

Considering LN Hubs locking bitcoin take direct advantage of Bitcoin,
LN Hubs should have to give back to the community thru the support of maintaining FULL Nodes.

Once this is accomplished , we can stop the petty infighting over blocksize and hardware performance.

The next step after is to set a blocksize increase to 8MB per block
(This is the maximum size, not every block will be this size for years to come, as the blocksize will only fill to meet the needed transactions.)
In addition, a 3% yearly blocksize increase will be included with the 8MB code change, to offset future growth.
Hardware performance grows faster than 3% a year, so this is a non-issue.

Doing the above will solve Bitcoin Scaling issues for years to come and with a small ever increasing %,
help keep transaction fees affordable for the majority of the world's users.

Doing nothing however,
forces users to use LN or the cheaper Altcoins as onchain bitcoin fees will become a deterrent to future growth.

For the price & value of bitcoin to truly grow requires that bitcoin onchain performance actually increase, not remain stagnant.

FYI:
LN which many thought would solve bitcoin scaling issues, is becoming apparent ,
that LN is doing nothing more than OFFLOADING transactions from the BTC onchain network,
If not used correctly LN actually decreases usable onchain scaling instead of increasing it.
LN is a Niche market service that really only helps users transacting with a singular entity on a multiple basis,
which this is totally useless for the majority as they transact with multiple entities on usually a monthly or weekly basis
at most.

https://cointelegraph.com/news/fractional-reserve-stablecoin-tether-only-74-backed-by-fiat-currency-say-lawyers

As part of an ongoing legal process involving the New York Attorney General,
Zoe Phillips of law firm Morgan Lewis said that at the time of writing,
74% of Tether’s reserves had USD and equivalent backing.

Which means by the time you read it, that 74% could be 50% or even zero.

Bitfinex CEO has been playing tether users for fractional reserve fools this entire time,
and using tether for his personal piggy bank.

Well at least you can know your money went to fund cocaine and hookers.  

Bitfinex CEO




SOON. The Mad Dash before the collapse.  

Let's face facts, many of us have been in Crypto for years now.

Aside from the very few instances where you need to send crytocoins and transact immediately.

How many of you are just done buying crypto as an investment?

I mean you purchased enough of multiple coins, that if any hit your intended price target for them in 5 to 10 years,
you be richer than you ever dreamed.

So are you
 
1. Done buying crypto and just waiting for your ship to come in.
2. Buying forever with no intent to ever sell.
3. Still not purchased enough coins for your ship to come in.
4. Crypto Day Trader buy and sell everyday for small gains
added
5. Buying when extra money around, spending coins when finding stuff to buy via BTC and getting a better price, having a stash that I won't sell till I really feel the need to get out and one that I might sell earlier to cover some big buy (change of house, new car, etc etc).
6. Long Trader: Continuously buying while the prices are calm and just waiting to sell high.


I am in the 1 category, literally no reason to buy any more, don't even care about new cryptos.
If it reaches my price target , I'll be rich, if not, I won't be spending any more money on it.
So Which are You?

[It is using a new algo called Proof of Mind and has been proven to subjugate anyone that dares get near it, making them immediately destroy all of their other cryptos in disgust.]

Jihan Wu has created a new coin, that is guaranteed to send all of the other coins into Defeat.

Wu 's New coin has a block speed of 1 second, with a scalable block size of 1 TB.

No other coin can withstand it, China , Russia , & USA has agreed to cut power to anyone supporting any other coin except Wu's new coin.

No other coin is safe, as the Major World Powers are now all backing this singular coin.

It is using a new algo called Proof of Mind and has been proven to subjugate anyone that dares get near it,
making them immediately destroy all of their other cryptos in disgust.

Wu's New Coin is called OverMind, the most powerful and soon to be only coin allowed to exist on planet earth.

Price per coin is starting at $1 million dollars per coin, when expected to see $200 million dollars per coin within 1 year.