I was just browsing around the economics section, and again full of de-dollarization, the dollar is dying, bla bla, I was curious what are the people who hate the dollar that much using instead. A quick look in the service section had a bit strange feeling since, well.. you all know how this looks, 22 campaigns here paying a fixed sum in $ and only 2 in BTC: https://bitcointalk.org/index.php?topic=615953.3480 Looking at coingecko all the stablecoins are $ and a tiny bit of gold and euros  So if obviously everyone is still even around here pricing everything in USD, at least in private, do you know the price of one BTC in any other currency than the USD and your own? And when I say you know, I mean by heart, not making the exchange math in your mind, one BTC is 70k , 1 Euro is 1.1 USD so then, or something like this! Just one tiny experiment, wonder if the outcome is any different than what I imagine! |
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You should read what the US can do with the $: https://www.economist.com/finance-and-economics/2024/04/10/would-america-dare-to-bring-down-a-chinese-bankThey don't even need to do a thing, with the real estate crashing China will get itself in trouble, the US just needs time and patience. Look at everybody here screaming how the dollar is dead, now if you ask them the price of one bitcoin in uran, ruble, rial, rupee...they would not know a thing! They produce nothing, export nothing and use military might to enforce, unjustly, the hegemony they have over the worlds economy.
The US produces nothing....lol! They all just print money and that's it, funny how do you explain this: https://en.wikipedia.org/wiki/List_of_countries_by_exportsChina 3,715,827 United States 3,011,859 Everything is produced in China, the US produces nothing but somehow by god knows what miracle China's total exports are barely 33% higher than the US, with 1.4 billion people compared to 300 million! Your take on economic leverage and embargoes? Right on. Power dynamics change. How and when the dollar's supremacy will decline is the question. The U.S. must adjust as countries diversify away from the dollar.
Yeah lol, they diversify...  So Brics currencies are 2% and G7 are 88%! Welcome diversification! |
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that's 154tx a day It's 15k per day. 56 000 000/365 is 153 424, nobody would have cared for an extra 14k a day when the blocks were mostly empty! I really don't get it: tens of millions of spam transactions, paying hundreds of millions if not billions of dollars in transaction fees. Madness!
Not really billions! First, we had a very bad day in terms of blocks, only 117 blooks in the last 24 hours so by bye early 25% of the capacity, then the total fees are not that bad either, only 7.9 millions, and in this you include people that don't mint ordinals, binance that pays 150sat/vb or Bitfinex that has no second thoughts on 469 sat/vbSo in the end, it takes little effort to clog the network, cause...you know... 1MB is enough for everyone  |
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If you own $1.32 in 2014, now it's worth $1.
If you own $1.65 in 2004, now it's worth $1.
So imagine you own $50K in 2004, now it's worth around $30K, in 20 years your wealth decrease almost by half! exclude banks monthly fees, charge, etc etc.
You're not counting interest. $1 in a bank since 2014 would have been at the end of 2022 $1.08 $1 in a bank since 2004 would have been at the end of 2022 $1.27 Anyhow, any of the major index have beaten that by a long margin, so even the less risky investments would have negated inflation. So yeah, if you stashed banknotes under your rug or in a safe, you would have been in bad shape, not that gold coins would have done wonders. |
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And we're back in business..  Over 90sat/vb for next block, back to $10 per simple tx. I suppose I don't have to mention the culprit, right?  Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier. |
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Well, can you stop the rich people and institutional investors from buying BTC? The obvious answer is no.
In fact, you shouldn't be able to stop any person on this planet from buying BTC. But, but, we want our own Bitcoin, with blackjack and hookers!!!! Isn't it funny when you praise something for being permissionless, decentralized, free from censorship, and then the second thought it to not allow things you don't like because.... reasons! Every single time I read these things I can still hear in my head how one guy said that people don't get what freedom is till they finally get a true sample of literally no freedom, then is the moment they understand how things truly are. And yeah, bitcoin is true "freedom money". This means that as long as you have money, you're free to invest in it, the elites or the reptilians or anyone else won't change the other facts about money, like when you have no money you can't have Bitcoin either, and the ones having more money can't have more bitcoin than others. A truly free economy, but seems like the same type that cheered for it now hates it. |
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I've heard of some Nigerian groups who are striving to make a difference, despite significant hurdles. For example, I've read about an organization called "Save the Children" that is striving to improve healthcare access and nutrition for Nigeria's children. I've also heard of the work of "Doctors Without Borders" in Nigeria, which provides medical care to those in need. These are only two instances of groups making a difference; there are many more.
Doctors Without Borders is Médecins Sans Frontières, a French NGO that is funded by more than 50% just by private donations from US and Germany. Save the Children is a UK NGO, that got 1 billion in funding from US alone. Kind of ironic to see that the only good examples are still run by the ones the population blames for everything wrong. |
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Russia will find new customers for its natural gas. Planning for Power of Siberia 2 is in final stages, and this pipeline is expected to carry 50 billion m³ of gas annually to China. And the Power of Siberia 1 is already operating with a capacity of 38 billion m³. Also another pipeline is in plans to transport natural gas from Sakhalin Island to China, and this one is expected to have a capacity of 10 billion m³. Russia has also increased it's LNG capacity and Arctic LNG project will come online in the next few months. Yamal LNG is already operating with a capacity of 18 million tonnes per year and most of the gas production goes to Europe and China.
So you have - 50 billion m³ additional to China - 10 billion m³ current to China - another expected capacity of 10 billion m³ to China Which brings the total to 70 billions m³ and that's almost half of what Russia was exporting to Europe alone, 155 billions m³ in 2021. Taking into account that they were already exporting to China and that PoS 2 will not be completed till 2030, yeah, genius move to lose 6/7 of your markets for at least 6 years and another half for ever. Yeah, genius move, selling less for less, what could go wrong, no wonder it came from the same guy that planned the 3 days to Kyiv! Within a few weeks, all these media hype about heroic Ukrainian defense will fall apart and Putin will walk away with half of Ukraine.
How I love this quote!!!! |
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The reality is that 2nd page up to the 20th page isn't always read by organic visitors from the internet.
I think campaign managers should consider users who always post on the first page because they are the first to be noticed.
This thing will destroy the forum! Since most are interested in just getting paid to post no matter what they will simply start a hundred topics a day to have for themselves, their "family", and their friends an opportunity to post in the first two pages, then completely abandon the topic and opening a new one each day. It will end with some accounts posting the same thing in 30 topic a week, the only difference being a paraphrased title for those topics. Who bothers to read these posts except for other Gambling board spammers?
I doubt even that happens! I am rather curious on what would be the percentage of active posters in that section that actually gamble! I would say it would be an easy bet on 20% not knowing what an over/under or a double chance is. |
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UN climate chief presses for faster action, says humans have 2 years left ‘to save the world’
Wow, so we got another re-spawn point? Cause we had about 10 years back in 2010 and 3 years in 2017, seems like we get extension after extension! Few people realize this, but FED can theoretically print an unlimited amount of dollars, provided inflation stays at 2%. It would be possible with AI, robots and unlimited resources (coming from the space perhaps).
Yeah, cause the first transport of ultimanium mined from Proxima Centauri is set to arrive somewhere in January! And I think it defeinitely happens, but the question is whether the scale is large enough to matter in long term, or is it just something that only day traders pay attention to. Because these price movements that are part of the larger halvening cycle are just dwarfing all the reactions to economic news and other real world events.
Remember when the war started? Bitcoin was supposed to not be resistant to that kind of stuff, it went down with everything else. The more it becomes more of a mainstream investment vehicle as it seems it's taking this path the more it will be correlated to other investments, to interest rates, and to real-world events. Despite being a thing that was supposed to fight inflation it had its worst bar season exactly during a peak of inflation in the world, starting to grow ironically exactly when the inflation started to go down. |
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Logically, the swiftness of the US money supply fall has been tremendous ever since Russia, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. have formed an alliance called BRICS.
It has nothing to do with BRICS, lol, look at their currencies going down the drain! The move is just because of the interest rates, and monetary tightening, if it were because lol, I mean seriously lol, the myth about de-dollarization the dollar would have depreciated against those but look at the iranian rial tumbling down the drain do you see it happening? Its all a plan to get Trump elected.
We are going to crash and burn bigly before the election.
Crash? No, no way, not until the election! And actually, deflation coming will initially help Biden more since the consumers will be first thrilled about the decreasing price of everything and then 1-2 years later about the effects of that. Remember 2007-2009? There were tons cheering for the housing price collapse as well as the price of oil and gas tumbling down, then 1 year later screaming about losing their jobs! |
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User Manlikefrank1 https://bitcointalk.org/index.php?action=profile;u=3602066;sa=showPostsOmo as of my last update in 2022, Bitcoin and other cryptocurrencies are not illegal in Indonesia. However, the Indonesian government has imposed certain restrictions and regulations on their usage and trading. It's always a good idea to check for any recent updates or changes in regulations regarding cryptocurrencies in Indonesia.but it can bought in fait rate in their currency and be sold but not use a major exchange in the market.
As of my last update in January, Bitcoin and other cryptocurrencies were not explicitly illegal in Nepal. However, the Nepalese government has not provided clear regulations regarding their use or legality. Due to this lack of clarity, the use of Bitcoin remains in a legal gray area. While individuals in Nepal may buy, sell, or hold Bitcoin, they do so at their own risk, as there's no legal framework to protect cryptocurrency users. It's important for individuals in Nepal to stay informed about any updates or changes in cryptocurrency regulations that may occur. Despite the uncertainty, Bitcoin continues to be traded and used by some individuals and businesses within the country.
He's not even trying |
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There have been a series of articles that have gone unnoticed by the bitcoin community, of course the titles are a bit to clickbaitish for my liking but still: US money supply falling at fastest rate since 1930sU.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets.
Money supply has now been shrinking year-on-year since December, an unprecedented development in modern times that should make investors sit up and take notice - growth, asset prices and inflation could all weaken. The problem with that title is that the record downturn pales in comparison with the previous growth, but still, the M2 supply went down from a record high of 21.7 trillion to 20.7 trillions, it's not much when you compared to the 3 trillion growth in just 4 months in 2020 but seems like the interest rates are finally kicking in and this will reduce further increase policies. The same thing stands for the EU where the M2 has also decreased in the same period by 0.3 trillion. One thing is that Quantitative Tightening works, and the interest rates seem to have also worked, so what's in for the future, and more importantly, how will this affect Bitcoin? There are some alarmist opinions, like U.S. Money Supply Is Shrinking the Most Since the Great Depression. Is an Economic and Stock Market Meltdown on the Way? while others take a more neutral tone: US money supply falls at unprecedented rate, possibly cooling inflation So, after a period of inflation is the US going straight to a period of deflation? How would that affect Bitcoin since it never experienced deflation in its lifetime as it was born after the 2009-2009 events? |
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What would make a government to rebrand their traditional currencies just to edit some graphic designs with excessive amounts of money bills involved to execute such project that doe not mean to brings more values to the currency neither does it boost the economy level of the nation?
Seriously, people involved in crypto should be the last ones talking about this! The whole industry is filled with projects that eat billions in users' money just one fancy whitepaper and some graphs and deliver just a cheap useless copy that promised to cure cancer, end world famine and didn't even manage to get listed on an exchange without paying another bribe! This is one of those moments when this ecosystem whos what's actually wrong in a corrupt government, it's the people that make it, just as the same type of people are ruining cryto and bankrupting investors. |
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Just wait!
These things always happen and if you're not in desperate need for those funds it will for sure confirm if not during this evening/night at least in the wekend for sure.
The mempool just had a spike because of un unusual wave of tx and it will take some time for that to clear, meanwhile, there are of course people who would try to get in the first block and outbid you that's why your tx seems to be stuck at 30 mins, basically, the ones in front keep get confirmed while new ones are cutting the line paying a bit more than you!
And if you're curious about antpool's accelerator it takes $50 for your acceleration, I don't see that worth it in the current situation.
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It help indirectly because with less input cost for mining, Bitcoin miners will install more rigs, add more hashrate to the network, that makes the network more secured. It improves security.
This is a misconcpetion,as ranochigo said. You can have 10 million in reward, that would mean miners will be able to spend no more than 10 million each day on power, the efficiency will not matter at all, it could be 3 million s19 or million s21, or 4 millions s27, the attacker will still need the same amount of power and roughly the same amount in gear price! If you go back in time and look at the consumption of the gear used you will see that despite the hashrate being 1000 times less the security was not that lower. So now you have a 1.4 trillion ecosystem protected by 15 billion of gear, back then you had a 12 billion bitcoin network protected by roughly 100 million! |
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If 2x people will start to use the BTC network, then there will be more tx in blocks waiting for to get processed.
Space in blocks is limited you can't have twice as many transactions every time the rewards halves unless you increase the blocksize! So, you either increase the blocksize each time by two and somehow force people to fill it up or you acknowledge that the maximum security the network can get will also come down by half each for years when expressed in the amount of $ it takes to attack it. Miners are making a lot of money now, there is nothing to worry about them for now.
Some, for the rest... Well the main farm was greatly reduced. we only have 1700 th when the ½ ing comes it would be just in the red with current diff and current price.
Now its great it earns 187usd power cost is 88.5 so the profit is $88.50 usd a day
With current diff and current price we are fine
but in a month it will earn maybe 90 and cost 88.50 profit is $1.50 a day
So I may full shut down in April or go on for a month at break even hoping for prices to alter.
And that's the math for 6cents/kwh, raise it to 10 cents and you will need free gear! |
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Im not sure about your situation, but banks need a source of funds, an audit gives a sense of confidence to the bank. The bigger the amount the more you are going to need it. The thing is, the weed example was literal. It's not that im buying weed with the wallet and sent it to Silk Road or something. Let's say that you have a receiving address (like for a sig campaign to put an example) and the guy that sends you the money, bought weed, or the guy before the guy that paid this guy, and so on. These Chainalysis type softwares go back several hops.
Banks will not care about the hops those coins have passed to you before if you can produce at one point solid evidence that you got them in a legal way. The whole tainted thing is just some idiocracy created by ironically crypto companies in order to steal your funds, they will ask for that and that and then seize your coins and demand more and more proofs for god knows what evidence just with the hope of you giving up on those funds. But more important banks don't deal with BTC, they deal with fiat, and there is little to no importance for them what coins you have, they care about your worth in fiat and that's all! Those audits are for private deals, it's for companies trying to get loans on their assets, pass financial inspections, issue reports or try to get a listing, lock their funds in custodial wallets as collateral, and so on and on, your average bank will not give a rats' ass about your coins and neither will they be interested ever in dealing with your Bitcoin transactions history they will ask you for your strictly $ values, how much you earn how much you spend what's your company profit and assets! |
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Now in summary, the answer to the big question is ; the biggest bull Bitcoin experiences is during the halving period where the amount of coins pumped into circulation is halved, causing the value of the circulating supply to rise. Although other market factors also contribute, halving is the main reason for the bull.
The supply cut is not doing this alone! It's a thing of supply and demand, there are coins of x value being mined and added each day, and there is an amount of money waiting on the side buying those coins. If the value of the daily added coins is lower than what money is ready to buy you will see a price increase if not it will decrease! What some ignore is that a doubling of the price erases all the gains in terms of diminished daily supply, so despite the halving at the current price, you will have a bigger inflow in terms of USD value of coins on the market than 3 months ago! Bitcoin Monetary Inflation ignores the calculation of the impact of fees. schemes deal with fees as small value that can be ignored, but with the increase of transaction fees in Bitcoin, after some halving new Bitcoin that is produced will be less than 0.09765625, I think that the transaction fees will be higher than 1 Bitcoin, which means that the effect of halving will be less.
Coins that are used as fees are not part of the "inflation", those coins have been already mined previously, and they are just changing hands as a payment for service! |
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