For the last 5 years I've always ended in green in gambling, even for lower timeframes, does this mean we should count gambling as employment also as long as you're making money? I know a few punters who have made hundreds of thousands betting on what they know based on timeforms which are the same as TA, so are they employed also?

There are people who collect soda cans and plastic bottles, they earn constantly, should they call themselves employed also?

After all with soda cans you don't lose money, what kind of job is that in which for three months you have to take money from your savings to be employed and keep working?

Anyone with a brain would have asked a few simple questions before entering an agreement with a company, like
- where is your company based...CZ:Crickets
- are you licensed for what you do...CZ:Crickets
-what's the thing with your company getting kicked from country after country....CZ:Crickets


So, did you buy some Planet token? 

Yeah , imagine a money printing machine where everyone gets money by doing nothing, how could that be not a great idea?
Remember Celsius, that was a savings account, you would deposit your coins, get interest on it and then....you would have no more coins.

What part of "be your own bank" did you miss?

Hmm, I think we are talking about different things.
The 33 BTC was an auction on Coinex:
https://www.coinex.com/en/halving-block-auction
It wasn't an inscription price of a tx, somebody paid "cash" 33 BTC for that satoshi!

Hmm, I don't get the part of the conspiracy....nor why it would make sense (if any) for him to be a miner.
The only two scenarios for this would be:
- money laundering, but why would Viabtc be part of this when they have their accounting book basically on the chain in plain view
- the usual collector with a ton of money and too little common sense


The "flaw" has existed for a long time under different aspects, it just made the news as it was more intensely used, and people will always find a way to abuse it.
Just for the laughs, I wonder if a Muslim would consider these coins "tainted":
https://mempool.space/tx/b5eb3d954b38e41960859aedd094070f7cf1047c1d8aa8492ae82c4c12ea511f

It uses the same chips as the s19xp, so expect something around 7kw for that.
Now 7kw on a circle of 40 cm in radius, that's a lot of heat, and with the s19xp losing money at over 9 cents/kWh I don't see much future in this.

Oh great, let's put some more stuff on the chain!
Can't wait to see some 4k movies there or the whole Simpsons show!


A guy paid 33BTC for a satoshi and hundreds pay way more than 2k for a JPG, the publicity a new author would get for releasing his book over the blockchain for free would be worth 100 times that fee!

We're going negative, as expected although this might be again luck


Now, the interesting thing is that we lost 12 blocks but the fees are down to 17 sat/vb as I type this, so there is no demand for space, no jump in fees anymore, the last block has just 0.28 BTC so not even 10% of the block reward, we're looking at a 40% loss in revenue not profit!

If the price goes to 60k or below then we have another 10% before that, a huge load of fudge!

As mikey said, someone will have to blink and if they don't and they go still full throttle this is just going to be worse for them all in a few months, I wouldn't want to be a guy who has poured all his investors money in a plan of 10exahash right now, especially if those weren't money from usual ventures but the government back dor deals.


I still have two of them singing in the basement, the power is of no concern since till autumn I can deal with 10KW, but in August I will retire them if we're still in this price range, they did a great job at heating the floor in a stone/concrete building but I don't need that in summer and going above peak allowed consumption I will have to pay 12eurocents/kwh, no f way!

Plus, and this is the most important thing, I got bored with them!

I might be wrong about this but huge channels with multiple connections are good for inbound capacity or at least that was the case when there were fewer of them, you need a well-connected node with capacity in your list if you're just starting and you want to receive payments with small capacity on your own. Of course, multiple channels amounting to the same value would provide the same capacity but one entity that is making a business out of this would be faster and more reliable at providing liquidity and rebalancing.

Anyhow, I don't think ACINQ is going to close its channels anywhere soon, the only reason I see for that would be MICA and how that is interpreted, but I don't think it's a priority for them, LN is still insignificant globally.

You do understand that nobody is going right now after Phoenix/ACINQ, right?
Nobody asked them to remove the apps from the store, nobody has issued a warning to ACINQ, nobody but themselves has taken a decision, and that was to protect in case of ...whatever! No US agency has gone after a LN wallet, yet!

This whole thing is just for their own company protection, any US citizen could easily use their service, they just want to claim they have done everything possible to restrict them, but overall nothing has changed.
Just as you can't stop anyone from still using Tornado ACINQ can't stop a US citizen from routing payments through their nodes.

Neither is a communist country when it comes to the economy.
China is a self-declared "socialist market economy" there is nothing communist about their economy anymore.
If you want to look at how great China was doing in a truly communist era look at the millions killed by Mao , China grew only when it copied a free market economy and abandoned all that stupid shit about shared ownership.


Economic model =/= political regime!


Communism failed everywhere because people stopped caring about commie propaganda when they were hungry for decades.
Nobody could give a rat's ass about the US when we toppled our regimes in Eastern Europe, we had enough of hunger, cold, persecution, and lack of everything. Universal healthcare? Yeah, it was free, free to go to a hospital and die in a bed without blankets let alone medicine.

Communism is a nightmare, only the ones who haven't lived one day in it still dream of this idiocracy!

Before greed, there is something else, laziness.
Why should I do anything extra when I'm getting paid the same, you work by the quota no matter how productive you are an you get paid the same.
This aspect destroyed out country and much of Eastern Europe in the '70-'90!
We were building useless stuff and we were trading useless stuff for more useless stuff till we had on paper a shiton of things but we were all dirt poor.


Communism has killed in one century more people than any other system in the human history, even religion pales in comparison to what communism has done.


You have no idea how resource exploitation was done in communism, we destroyed rivers, mountains, lakes and there was no such thing as an environmental concern.
We still have mountains of trash and industrial by-products from the 80's that are still not fully neutralized.
I grew used to seeing the sky pink and purple from the steel furnaces and in the old city dust after dust from the cement factory, do you think there was anyone protesting?
We were burning the cheapest high-sulfur mazut to heat the city, everywhere it was smelling like rotten eggs from that when the heating season started.

Yeah, we will!
Who is going to fight for this?
You see how ACINQ themselves have run before something bad happened to them, others are slowly pulling the plugs on projects, users are interested only in making more in $ value, the blockchain space is dominated by pump and dump scheme, nft, runes, brc tokens,  more and more are investing in either not you keys only promises mechanisms, tru usage is dwindling, mining is becoming a nasdaq listed playground, so...who will fight?
It should have been obvious when even here thermos (yup, thermos), got cold feet!

According to blogs and crypto news 10% of India owner crypto, that's like *** 100 million people, have you seen one protest against that 40% tax?


And when the EU does the same, what will they do? Prepare for mandatory KYC LN payments. 

Pretty simple solution, make is so that more people can use the chain and by doing so the fees will compensate the block reward.
Instead of 400 000 tx paying the equivalent of 40 000 000 so 100$ per tx, have 40 000 000 tx paying 1$.
And you will not tax someone who doesn't use it.


No, I don't agree with this!

Fees are just like the bank transactions fees, you pay for extra usage of the block space, you make 1000 transactions in a bank you pay for each of those (well, in some banks, I have free national transactions), but someone who only has a deposit will pay only the account maintenance fees, and it doesn't matter how long that deposit has sat there.
I have 1 million euros and I just deposited I pay 3 euros a month, I had 100 euros for 10 years I pay 3 euros a month.
Everyone no matter the age or the amount pays the same for the same security.

You're trying to set an arbitrary fee on the ones that benefit the least from the blockchain security.
Why should my cold wallet get taxed when I have only 1 btc there and I use no blockspace while Binance is moving around 10 000 btc a week and using each day half a block just for the consolidations and deposits/payments.


If there is no reward and there are no fees large enough to keep the security up, well, this means that BTC has failed as a p2p currency, right?
So, it's not a global payment system, more like an investment-only mechanism so we can safely switch to PoS, have BlackRock and BoA in charge of half of the validators and call it a day.

How?
What would stop a US citizen to go here:
https://github.com/ACINQ/phoenix/releases
download the apk and run it?

The united states have done nothing against Phoenix or ACINQ!
They haven't taken anything down, you can see that even their LN channels are still working in the US being hosted in the US.
https://mempool.space/lightning/node/03864ef025fde8fb587d989186ce6a4a186895ee44a926bfc370e2c366597a3f8f


ACINQ, owners of Phoenix have explained that themselves:


ACINQ has no MSB license, if the government identifies them as MSB they don't want to risk operating without one, so they are pulling out before they acquire one!

He should have said it better, it's not overall income it's income per unit of hash!
This is the chart he is linking to:


Look at the drop in the end!


Home miners are a dying breed for years, you won't see them in 2026 other than USB miners for fun!
For the rest, I know what you're trying to say based on your other topic, but it's crystal globe stuff unless you know the price or the price stands still.

But isn't that 7 days average?
The daily reward has dropped like a stone, last blocked ‎3.377 BTC, which would be 490 BTC, let's keep things simple
500 BTC x 63 000k / 600 000 000 it would be  5.25 cents.

Anyhow, you kept mining or you started packing up?
Wonder how mikeywith is doing too, let's see if he drops a few lines ..
FUDGEEEEEEEEE!


It dropped for a moment somewhere last night when I checked to just +2 blocks, but still positive


It will be for sure negative at the end of the period, it's a bit of nonsense to see it grow at the worst income per th we had in a year.

It's not just me and it's not just this topic of yours, all are stupid and everyone thinks so, that's reality!
You need to go out of your house, you need to study real economy not tiktok education and you have to look at history!
All your ideas look like some 6yo finally got access to the internet!


Do you think he actually checked the numbers?

He just threw some around thinking he knew what he was talking about when in reality it's so complicated 100 lines would barely scratch the tip of it.
What kind of business, how many workers are required, what do you pay in extra taxes, what would be the maintenance for the robot, how much would that robot cover at a high demand hour, how many extra workers do you till need in peak season, but most important than everything, how would this math look when you have the robot for 5 years and meanwhile the wages have doubled...

It's such a complex subject you can't just throw a phrase and think you know it all!

Nope , really bad analogy!

My money is already safe in the bank (blockchain), and satoshi's coins are as safe as everyone else, why would I who knows my coins are safe pay 10% and the guy who has just moved coins 6 months ago not pay since we both are offered the same security?
50 satoshi or 100000 Bitcoins we;re both offered the same, the blockchain doesn't care about the amounts!

The real analogy for what you're doing is the Cyprus bank crisis, when everything above 100 000 was no longer your money!


You're creating artificial demand for block space with this, it will make things worse when we look from the fees standpoint, so it will hurt everyone , imagine you need to transact and suddenly 10 blocks are full because some huge custodian is moving away his funds not to be taxed, jus as an example some hold their coins in under 10BTC blocks, like Bitgo in thousands of adreses.