But, this also must include the fact that available gear stays idle or you bust continuously the power of your farm. Of course, yours it's just an example and it doesn't mean they are doing the same numbers but
- in scenario A you have  10,20,20, so you must raise double the hash power every 1 and a half months to keep the game going
- in scenario B you have  10,(10-20), and (20-5), so you both raise the hash power and also idle 18% of it for the other month.

Of course, if you have a ton of unsold gear just waiting in the warehouse and which you could sell as new for just 10% discount after you trash it for a few months it's not a problem, but what if you don't and you have way cheaper power that was already paid in? I find the scenario a bit unbelievable, even though one might see a really fishy pattern in the block time in the first days of the adjustment.

Meanwhile


Still more hashrate added than Riot has in total or what Mara is planning to deploy till the end of Q1, and that in just two weeks.
Weird that I don't see Bitmain asking already $10k for their XP, still on sale for $5k.

Those numbers might be misleading, first, the S1 had 64 chips in total, the S19 Xp Hydro has about 10 times more, the s1 was munching 180W the s19 is doing 5500W. The first BM1380 chip was 55 nm, currently, they are down to 7nm , there is not so much speed to be gained, and you can see that in power efficiency is starting to slow down, in 2014 the s3 was at 1j/gh, in 2017 the s9 was at 0.1j/Gh in 2022 we're down to 0.021j/Gh, from 10x in 3 years to 5x in 5 years and going further down.

There will be further improvement but nothing "dramatically", much like BTC price, it has done x30 000 in 10 years but doing it again? 


No! Simply, no! 

Exactly, why would a hacker add a captcha when it would be in their interest to let more people access the site for data mining or phishing?

Blockchair always had one if you used TOR or you did multiple queries, even for VPNs, if you try to play around with their explorer (which has a ton of options, probably the best one around) it triggers one. I've never encountered a captcha on my normal ISP IP, but a lot of times on tor. If you use a free VPN that is easily abused and already has most of its IPs blacklisted no wonder it will be the same.

Yeah, there was no trading, no AI, no nothing.
The usual scam that most of the time go down before it manages to match more than a few victims now trapped hundred of thousands because it was advertised by gullible but at the same time people with a bit of reputation in the field.

How the hell do people still fall for stuff that advertises guaranteed profits, companies with no physical presence whatsoever, a scheme with no transparency moreover in such numbers investing that much and waiting for almost a year till they realize something is bad is well beyond me.
The whole thing is just stupid, a year old website that claims to be doing trading and partnerships with major companies for 5 years.

And the website is just triggering red flags one after the other:


You would trust somebody that claims to have developed some magical AI trading algorithm but can't decide on the correct punctuation?

This will not work if the exchange that he will deposit to has one of those stupid analyzers about tainted coins
Some of them work their score by going up the source multiple times till they encounter something fishy, an already blacklisted address or a known cold wallet to whitelist the source, if you just move the entire balance the last coins will get the same score add5=add1, so the best way to get rid of it would be to mix somewhere the source of funds with another batch of coins if add4 contains 50% add3 and %50 coinbase coins the risk score will drop in half, just a raw explanation as I don't know all the variables.

But that beings said there are a lot of users here who have deposited mixed coins, including me by mistake to exchanges,  of course, it might also be a case of volume, the frequency of deposits, being already KYC for a long time so fewer filters maybe, but still large exchanges have never said a thing.
Scammy instant exchanges that can't wait for a second to fleece a user by inventing all kinds of stories, that's a different thing and I would advise anyone to avoid them completely.

 

Google is not telling you anything!

It just shows you a result that matches your search based on a multitude of factors and variables.
Just because it displays a result doesn't mean it thinks that is the answer to your question, this is not chatgpt.

A simple example of how that works, ask it "what's the speed of a bus"


The first result is actually from a math problem that matched the question.

Now, back to your original question, nobody knows!
Unless you somehow get all the data from all the money that went in and out of every single exchange, p2pplatform, you trace every single p2p deal that happened in private over forums, over telegram, anything else you will never be able to point to a number.
So, because we don't have that we're sticking with market cap, which is a really bad indicator, I doubt anyone here believes that close to $200 billion were invested in BTC in one month rising the market from $370 billion to $550 billion

You do realize Bitcoin si the perfect example of capitalism and a capitalist tool, right?
The ones that have capital (money) are the ones able to buy BTC , if you're poor and you have no capital you're not going to be able to buy any BTC so you're going to stay poor. Bitcoin is again against redistribution since you can't force people to give up ownership, so another thing against any kind of socialist or communist movement.
Your keys your bitcoins, not the government, not the country not anybody else, perfect capitalism!


That the Human nature. Also its the rule of nature creation is possible after the destruction.
The traditional term banking system will definitely end up in the coming years as there is no more need for banks, Digital wallets will replace Banks.

Digital wallets?
So you mean Binance will replace Bank of America and Coinbase Deutsche Bank?
Because if you think of personal wallets, the numbers are simply not there.
Here is a topic about the distribution of bitcoins, it was started by me in 2019, almost 4 years ago:


March 19, 2023

22268703 addresses with more than one mbit, in the most unrealistic scenario 0.27% of the world population BTC.
16,007,276 addresses with more than 100$, 0.19% of the population.

So in 4 years, you have 7 million more addresses (which doesn'tt need to be users) with 1 mbit and  9 million with more than 100$ worth of it.
This takes into account he price was 1/3 at that date and more than two million bitcoin have been mined from that date, coins that had to go somewhere.

To date, we have just replaced banks with some other banks, nothing on the scale of using completely ditching centralized services, and if you don't stop using CEX it's still the same thing, someone who is in charge of your money and can stop you from ever accessing them.

Do not confuse price increases with decentralization!

In most of those cases the "promoters" were the ones that were running the whole thing behind the scheme, it's not like they were completely unrelated to the operation, they knew all the insides of the deal and more importantly, they were the ones cashing in all that money under false pretense knowingly of the falsehood of their own claim. Here, it's nothing like that.
And even if we stick to promoters, even if we go one level up, Carlos Matos? 

Moreover, if they wanted to do something against him he would have already been in contact with law enforcement already if they have a case they would have acted already and not let him close everything and purge whatever evidence one might believe he had.


Applying tinfoil, a lot of it! Why ruin a perfect honeypot?

Banks have died numerous times before and are still here.
Sometimes is really ironic that people who laugh at the bitcoin obituary say the same thing over and over again for banks and the USD.

The first thing you have to realize is that your perspective might be biased, that's the first hard step, then you have to look in history and see that way worse happened before this bank crash! Common, there was 2008 just a while ago! The dot com bubble, the Asian crisis, the great depression? War? Common ww1/ww2 Vietnam and Korea are on a different scale than Ukraine and we're still here. Always people like to over exaggerate their own situation and think what they experience is unique and a turning point in history, when, it's really not!


As I was saying, capitalism and the $ are probably the only things that have "died" more times than BTC, and that by an order of magnitude.

What I find really amusing in this scenario is the fact that everything will crash, and everyone will be poor but miraculously they will have a few tens of trillions at hand to prop bitcoin and the other shitcoins to a 50 trillion economy. Yeha, 1 million dolalr is possible rin this bull run but ony if it will buy you about the same as 100k right now!


Limited supply franky, 900 coins a day, that will lead to more trying to mine, an s19 will go again at 10k or 20k per piece, s9 will be profitable again, there are at least 150-200 exahas of extra old gear and currently not profitable that will be turned on, at those revenues per miners every fab will pump out chips as they did before, it's not as easy as you want to make it evey single time like there is a clear price floor and that's it.

But this way they actually encourage ordinals, by displaying the image in the first place when other blockchain explorers don't.
If the trend continues and others do the same it will just fuel the rush more and more, we saw previously spam from addresses when blockchain.info (at that time) allowed labeling, sending hundreds of transactions worth a few satoshis to most known addresses, to the biggest holders just to advertise their name.

Anyhow, money keeps flowing, they kept getting minted and services like the blockchain above keep encouraging it.


Not really the votes you imagined, isn't it? 6/6 and 2? Seems like the "we" is on its way to a minority.
Btw, I didn't vote in that poll since you simply asked the wrong questions!
I'm against banning ordinals, but this doesn't change the fact that I do believe they are some stupid monkey jpeg farts.

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.

Avatar and signature updated, Thank you!

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.

Current number of post (Including this one): 12767
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bech32 address: bc1q5wlj8t8pjp6qsmdphstfee5d3lvg9f25yw7mmj
Merit earned in the last 120 days: 341

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.