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Walmart Inc. customers will soon have the option to pay directly from their bank accounts with instant transfers for online purchases. The enhanced feature is a flash point in the escalating tensions between merchants and the card networks setting the fees for payment processing.
https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks/The death of bitcoin. No real world use case to buy things from a major retailer. Walmart knows that taking payments in BTC would be even WORSE than paying merchant processing fees...
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Locals had complained for years about noise from the mine's cooling fans. However, due to the closure, residents are now faced with paying several hundred dollars more per year for electricity.
https://bitcoinmagazine.com/business/bitcoin-mining-shutdown-cause-20-surge-in-electricity-billsSo people in Norway had to suffer through noise pollution for years thanks to bitcoin and now they get a gift of having a bigger bill every month. The company estimates bills could rise by up to $300 monthly.
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Trump’s call for a bitcoin strategic reserve is a very bad idea https://www.ft.com/content/e0e5e286-1885-4d72-8b65-3333069815c1"Bitcoin is not going to make America great. What will help this country continue to be great is getting our debt and deficits under our control."
This was a very interesting article explaining why bitcoin can't replace the dollar! Required reading. To anyone that thinks bitcoin get the government out of debt just NO. They need to be able to print more money. |
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Bitcoin miners faced their most challenging revenue month of the year in August, marking the lowest earnings since September 2023. Onchain fees collected in August also dipped, reaching a low not seen since last year, with a $4.14 million drop compared to July.https://news.bitcoin.com/bitcoin-miners-face-leanest-month-of-2024-august-earnings-hit-years-low/So bitcoin users want 1) low fees 2) high hashrate 3) lack of centralization I don't see how they are going to get all of these at the same time in the future. Pick one but you can't pick all three. Maybe you can't even pick two.
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This is known as a "wealth tax," and the goal is to tax wealthy households that increasingly avoid taxation by living off unsold and unrealized assets. https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.htmlhow anyone could be against this is mind boggling. do you want the ultra wealthy to keep paying no taxes? how about lets have them paying taxes on all their huge assets that they have been evading taxes on for a long time by playing games? that's what is wrong with this society is these ultra high net worth idiots take control of everything and pay no unrealized capital gains on it and just sit on it. so if they try and own bitcoin, i want them paying unrealized capital gains on it too! 
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On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction.
A day like today is likely a breath of fresh air for the mining community as they can collect more fees than usual. https://news.bitcoin.com/babylon-staking-sparks-bitcoin-fee-surge-transfers-hit-105-before-plummeting/you asked for it you got it. don't like high transaction fees then maybe you're not using the right crypto. lets stop trying to "time" our transactions and just pay the fee...you want proof of work, you got it! 
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Governor Kathy Hochul today announced New York State is delivering approximately $350 million in supplemental payments to low- and moderate-income families statewide through the Empire State Child Credit program. More than 1 million families will receive this financial assistance without any need to apply, as each eligible family will receive a direct payment of up to $330 per child.https://www.governor.ny.gov/news/governor-hochul-announces-350-million-direct-financial-assistance-low-and-moderate-incomeWhat they really should do is give people bitcoin. I think that would help them even more, since their bitcoin could become more valuable. Sure some of them might take some of that money and buy bitcoin but they probably wont.
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A tax of $0.047 per kilowatt hour “would drive the crypto mining industry to curb its emissions in line with global goals,” the IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15.
If accounting for miners’ local impact on health, the tax would rise to $0.089 per kilowatt hour, the pair said.https://cointelegraph.com/news/imf-crypto-miner-ai-electricity-tax-carbon-emissionsThese would be TAXES on top of their actual electricity kw/hr cost. |
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While analysis of these two additional sets of algorithms will continue, Moody said that any subsequent PQC standards will function as backups to the three that NIST announced today.
“There is no need to wait for future standards,” he said. “Go ahead and start using these three. We need to be prepared in case of an attack that defeats the algorithms in these three standards, and we will continue working on backup plans to keep our data safe. But for most applications, these new standards are the main event.” https://www.nist.gov/news-events/news/2024/08/nist-releases-first-3-finalized-post-quantum-encryption-standardstime for the bitcoin developers to upgrade bitcoin's digital signature and such...
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The lawsuit alleges that, during Celsius’ bankruptcy proceedings, Tether loaned it a specific amount of Tether (the company’s stablecoin backed by the United States dollar). In return for this loan, Celsius sent Tether 39,542.42 BTC in collateral.https://cointelegraph.com/news/celsius-sues-tether-seeking-3-5b-over-bitcoin-collateral-selloffTether is kind of dangerous to bitcoin I think. Because if tether has to repay the 39,542 BTC, I'm not sure if they have it. What if they have to go and buy it on the open market?
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Donald Trump Jr., the eldest child of the former 45th president, took to social media on Wednesday to declare that decentralized finance (defi) represents the future of the financial world. “We’re about to shake up the crypto world with something HUGE,” Trump Jr. announced on X, emphasizing, “Decentralized finance is the future—don’t get left behind.” His post sparked speculation among many who anticipated an announcement related to cryptocurrency, perhaps even a new meme coin. https://news.bitcoin.com/donald-trump-jr-teases-huge-crypto-news-says-defi-is-the-future/I'm still waiting. Waiting to find out what exactly "decentralized finance" is because the only things i have ever seen were all scams.
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#1) it doesn't pay any dividends like stocks
#2) risk of extended drawdowns which could cause loss of principal unlike in a real estate investment where the property only goes up in value
#3) unfavorable tax treatment since it cannot be depreciated like many types of assets can be when used for business purposes
the fact that it doesn't pay any type of periodic cash flow while it is owned is a serious issue. for these reasons i don't really like bitcoin as an investment.
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"The ruling makes clear that border agents need a warrant before they can access what the Supreme Court has called a 'window onto a person’s life.'"https://mashable.com/article/border-agents-warrants-search-electronic-devicesI agree with the ruling. I am not sure their illegal searches are going to stop though but maybe you could SUE them now if they try and search without a warrant. When you sue them buy more btc...
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https://www.youtube.com/watch?v=CS5dXlYB83MIf that's not torture then I don't know what is. China is taking over the USA with bitcoin mines too. The mines don't benefit the local communities they don't provide anything of value no products or services. All they do is make alot of noise and disrupt peoples' lives. What a disaster. I don't think I like bitcoin anymore.  I don't want a mine anywhere near me and I know none of you guys do either. Just admit it.
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Every night, the nurse anesthetist Cheryl Shadden lies awake in her home in Granbury, Texas, listening to a nonstop roar. “It’s like sitting on the runway of an airport where jets are taking off, one after another,” she says. “You can't even walk out on your back patio and speak to somebody five feet away and have them hear you at all.” https://time.com/6590155/bitcoin-mining-noise-texas/This noise issue is probably even worse than the issue of bitcoin mining's negative impacts on fossil fuel usage. Shame on that company for messing up/interfering with those peoples' lives. Anyone want to live at an airport? You got it.
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1) Everytime you consolidate your UTXOs, your total balance in BTC goes down.
2) The chances of fees going up or down at any point in time is pretty much 50/50.
3) Miners love it when people consolidate their inputs since that's how they get paid by people submitting transactions.
4) Consolidating inputs carries a risk of loss from either making a mistake and sending the bitcoin to the wrong address or being hacked.
Based on the above, I don't see why someone would think that consolidating UTXOs provides them with any substantial benefits. Just use your coins when you are actually making a real purchase/transaction.
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