Guys, do you actually check those names before recommending them?
It has already been stated in this topic, open bazaar has closed down for a long time (in crypto time), almost two years ago
https://twitter.com/openbazaar/status/1346104369566121986


Just checking it since I saw OB mentioned in another topic, and I remembered this one, I do hope the marketplace works better than their price ticker, when I saw that 23k I was like WTF? Plus LTC price, again, weird thing.


Anyhow it's clear that in terms of e-commerce it will be the usual way, you won't have a marketplace that starts with bitcoin only and grows and far more probable one that is already up and going accepting crypto on top of fiat. You simply can't gain enough traction just with crypto, merchants might be happy but customers not so much.

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While that one was obvious for everyone since it's just logical when you spend just a few seconds on it, at the same time DeFi is often misleading, both in terms of decentralization which is not always there and when it comes to security:
https://www.coindesk.com/business/2023/03/13/euler-defi-protocol-exploited-for-nearly-185m/

Not a bank run, not a fractional reserve but a simple exploit, and here you go, $200 million worth of coins evaporating.
Best to keep things simple, don't rely on anything that might prove to be something else than what it advertises itself for.

Not going to dig deeper in the GPU mining stuff but a lot of those miners were indeed a hobby home-based operation, doing it with a few cards, a lot of them spread all over the world, yeah some would be burning more than 10KW needed for 3 Asics, some were piling tens of 8 racks GPUs, but smaller settings were easier to cool not so noisy, they will not go for ASICs on the same level. And there are many other things, like the ability to sell that video card at any time, and many more, a lot of them were mining and still making profits at electricity prices that would not be viable for BTC, in GPU it was the initial investment that was a killer, not the operating costs.

That aside, an eventful week, Bitcoin breaking 25k but settling below right now, Chipmxier seized, banks bailed, oil crashed below $68, the euro is sliding against the USD, just lol on this one, and back ti mining the pace is slowing down, like really slowing down.


So now on the 16th:


lost 4 blocks. We might not have a record difficulty adjustment at all.

I would be more surprised if that wouldn't be the case, not as in an actual person browsing through the latest posts and searching for what this and that individual says about something but more likely bots that scan for keywords and trigger further analysis. I'm pretty sure they do so over other platforms too, but again all automatic and on bigger platforms they probably have it already built in.

Just as an example, Facebook has been doing surveillance on its chat since at least 2012, god knows how much earlier before they acknowledge.
https://www.cnet.com/tech/services-and-software/facebook-scans-chats-and-posts-for-criminal-activity/

That aside, I would love to see how much a government agent would last while reading the P&S board, the rate at which they would succumb to brain tumors would make them cancel human surveillance.

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Why would the police search for him?
And even if he would have a reason, they were easy to find since they stayed all the time there, not just dumped the truck and run.
https://www.reddit.com/r/Bitcoin/comments/11rkh9b/orange_pilling_silicon_valley_bank_today/
That parking lot is indeed the private property of SVB so indeed they could lawfully have asked them to live but that's it.

Mixer avatar? Checked!
Mixer signature? Checked!
Doesn't that make sense? Checked!


Speaking of, has anyone come up with some smart quote to replace the now not working links?
I tried to play with it to add a in memoriam or #privacy forever but it went so bad I just kept the old one.

My bad, I saw it online and did the newbie mistake of mixing the chipmixerS domain with chipmixer on that list, since I thought it was online I was already sure it wasn't part of the original.
Makes me curious to see how many of them are still online now, but I'm not at my computer to check all those damn clones.

The 2% was not used as a comparison between two subjects at the same rate, it was a comparison of what 2% would mean now versus what 86% meant then, the income of a successful restaurant versus half of the GDP of a country. It's not 2% vs 2% .


Not a bad deal, I've been in way too many discussions in which I couldn't even reach this point, the other poster not allowing me even to have a different opinion.


Or it's not a coincidence and it's triggered by the belief that the BTC will go up, with users buying in and thus themselves self-fulfilling their prophecies. If you have a ton user and hey all claim that when the halving will happen the price will go up and everybody expects that and is not selling then you have the perfect market conditions for a bull-run, but it's again created by beliefs nothing else.


Well, this one we will see it now since I'm looking at WTI hitting $67, so let's see where it goes. Banks being bailed out was really a bumper here, a failure in doing so would have propelled BTC even with a recession incoming, so, uncharted territory here, I wouldn't be surprised to wake up at 20k or 40k and just raise an eyebrow with 10k more in each direction.

I'm still going through it, and saw this


The second domain is still up and doing a redirect, not seized at all, they were known scams, how did they reach the conclusion they were the same?


Damn, just makes you wodner how much data they collect!

Exactly, they don't need a reason and furthermore, they are able to invent a myriad of them on the spot.

But it makes no sense, the backslash would be too enormous for this and would yield basically nothing, let's not forget the forum is not even close to being completely anonymous, it's behind Cloudflare just to give an example, plus a few of the participants here leave so many traces that probably the most incompetent agency in the world would be able to track them, just grab addresses and force exchanges to disclose who has used it if they are theirs.

I have encountered tons even here, it's something normal, and people try to perceive things as a whole.
They think of buying one share of something or buying one whole house, it goes a bit outside the normal daily life of most to buy fractions of something. Of course, the whole thing is a bit ridiculous, especially if we look at gold since some buy x grams of gold and others buy x ounces, so some might not buy a full unit of what others consider a default unit to be.

But there is another thing that goes along this perception, they look at BTC and see 20k and it sounds nearly impossible for them to picture it going to 10x or 50x the price as then we talk about millions. But if you look for example at that meme coin which is $0.00001047 of a dollar, then it's easy to dream of it worth $0.1 or 100x, it's this perspective that helps shitcoins grow and find investors.

Let's pause a moment and think of the irony that crypto start-ups are holding their funds in a bank in $.
Unfortunately, it shows the not so good side of things, that we're still deeply anchored in the system, no matter what "revolutionizing" projects claim, it's still a fiat deal behind all of them.

Well, at least they acknowledge something:

And I love the use of "suggest, may, possibility" when mentioning every single thing.


I was about to say the same, but there are 4 servers mentioned, I imagine 2 TB of those would be nodes?

"account"?

So that means you're selling the same account you're trying to get a loan on for, or basically a few worthless numbers in an account over at a scammy exchange.


30 days old domain, the about us page is telling:
https://dex-coinby.com/about

Do we have any members from Salvador?
I've never seen at least one post about a guy that was living there and telling his experience, all we got to date, or at least those I stumbled upon are stories from people who traveled there, which is not really giving the right perception.


Because they don't have a president that is active on Twitter with laser eyes posting BTC memes.
If you take that away from Salvador and start discussing numbers only it becomes just as boring as CAR or Guatemala or any other country.


 

So finally backtracking a bit and as the math of probabilities starts tempering it down, I don't think any miner could be shutting down now that he has 20% more revenue. Still going up compared to the previous diff, 46,58, 63 blocks ahead but the rhythm of the growth might finally take a break.

Now, the funny question is, how much gear was offline at 6 cents/th, it's still sitting in the same warehouse ready to be deployed, and is profitable at ~9 cents/th? The s17 only needs 9 cents per kWh to start being profitable again at those levels, if the price keeps going up, are we going to see the biggest bump in terms of exahash (not %) ever?


And turning NYC into Pyongyang at night 

First thing first, both the Weimar inflation and the Hungarian '46 inflation which goes unnoticed although it had been the worst in history over a smaller time frame, the Venezuelan crash, the Zimbabwe money printing were all localized issues.
Troubled countries, in most serious cases after a devastating war, were forced to pay preparations in a currency they couldn't get ahold of it and were forced to print more and more money to pay that up. Nothing of that scale is happening right now, the only similar example is that of Iran which is doing the same, printing money to buy needed $ but on fall smaller scale, still losing 95% in 6 years but not on those figures.

But I love how things change, after 1 year of painful bear markets one huge jump and everyone is again talking about the death of paper money and banks, the bears have left for their dens, it's party time!

It did, just because most charts begin in 2013 or 2015 doesn't mean it didn't happen
https://arstechnica.com/tech-policy/2011/10/bitcoin-implodes-down-more-than-90-percent-from-june-peak/


As I said, it all depends who makes the statistics and what's his position.
For extreme bitcoiners, 1BTC=1BTC so they are both the same, for the one holding 1BTC donated by Satoshi from the start he lost once a pizza  now he lost a VW golf, for the one holding $10k obviously this one is better cause he lost 7500$ but still it was supposed to still have 10k in purchasing power no mater the inflation.

Let's see what's worse, some kids playing with lunch money losing 30$ per BTC, or bitcoin reaching $1m and a 2% erasing the GDP of Italy in one cough? As I said, a thing of perspective. And since we're at this point, do you think those magical cycles will keep on even at that time and erase something the size of the US economy in a few months? Or that the cycles will evaporate by then, cause that was the design, 9 80% drops for the mortal men doomed to die watching charts? 


Argument? No, it's not a thing of arguments, what I'm pointing out is an observable event, It went down just as the others in conditions that went against what it was perceived to be. This is what we're arguing here, you think that no matter inflation or deflation bitcoin goes in circles like some sun cycles beyond our power, I'm pointing out that it went down in a high inflation period only to stop falling at the end of it when the scare was over.
I'm telling you the kid fell down because it hit that stair, you're telling me he always falls every 10 minutes.