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.

Had to wait till I have some more time for the reply, you little JJJ clone 


If the CPI announcement was worse than predicted or it signaled for sure another increase it did trigger a dump, I made that my hobby of having an alarm set for every date, and it never disappointed. The fact that the dump was erased later on, yeah I can agree it bounced back but always when the data was bad news there was an initial red dildo clear as the sky is blue.


As later on this post, you're starting to look at this like no matter if an asteroid hits the planet or a ww3 starts, if the price doesn't go to $30k and it drops to 20000$ it's because of a TA and some lines not because of nukes flying.


Why not blame the rise on normal growth, growth that was supposed to happen as adoption or investment grew themselves and that probably wouldn't have stopped so abruptly in the first place? Why not blame the premature stop on inflation and why not blame the lack of growth while getting more and more exposure to the current bad situation? Tesla shares performed best in their history once Covid entered the scene, does this mean without a new virus spreading around they will return to the same linear pattern as in previous years?


Of course, and I'm one of the happiest about it, probably I forgot to mention but I like more the aspect of being able to use BTC as a means of payment and safe storage of wealth than gambling on exchanges and the whole asset point. Just because I was pointing out how the correlation happened and how it went against the whole idea of being a hedge against inflation doesn't mean I was happy even at the moment with it.

A bank failing and the exact tool designed against this acting like it's being affected just as worse by it would be beyond stupid, in the current situation if it would have performed the same it would have been really like the world taking another piss on the whole thing


You're again oversimplifying things, what was 2021 then?
Was it a bear market since we dropped from 60k, or was it a bull market since we went from 2x?
Again making it sound like this was written in stone it had to go down ~70% because that's what bitcoin does, the trend has already been broken, the second rise over a previous ATH in less than a year, the drop below a previous ATH, you can choose to ignore it but are clear signs history has getting tired of repeating the same story.

Probably you're used to this:

Which one of them was worse?

And to combine this with your other question.
That  86% drop erased $10 billion of value, the current one erased $800 billion!
So... Did it really perform better? Mark Twain might have something to say about those statistics and percentages.

Half a year after the S1 (let's give it time to get installed but not before the new version) was launched the hashrate was 100PH, which roughly makes 500k miners at 360W, that's 180 MW.
Let's take the recent one with the current hashrate (thus ignoring the growth it will bring while it's replacing every older gear) and we have at least 2 million at 3000W, that's 6 GW.

So, with all the efficiency gain instead of 180MW you have 6000MW, that's a 33x increase in power draw, but far more likely it's a 50x.

And it's back over! 46 blocks ahead last night 58 now.
As I said many times before I don't care that much about their prediction at the end of the period, I'm watching the blocks getting mined and when you constantly have an increase in those although it doesn't mean for sure the period will end like this, every single day makes the opposite less and less likely.

But just as mikey said I wonder if it's even physically possible anymore to have the same pattern as in one of the previous adjustments when again it started with the same almost unbelievable 10% and kept it going till the end. The whole thing is getting ridiculous, 300k miners, one GW in one go just like that?

Anyhow, let's look at the bright side, 58 vMB of extra sanctions getting confirmed, it did help the mempool a lot.

Why don't you do it?
Cause you're the one bitching around for a change!
It's you who wants to change something based on the will of "the people", not me!


Eh, just as how they think they are the voice of the majority they also must invent adversaries to blame them for their failures, I got used to this.


Sorry but almost nobody cares about anything else than the price per tx in $, the same the "we" whoever they are don't care even about the sat/b fee, all they know is that to send money they need to pay x $ and it's a pretty normal thing, just throwing random numbers here do you think a 500 million RON house is expensive or that paying 1 million Vietnamese dongs for a burger is cheap? Without checking how much that is in your local currency of course you won't know it! All those users who bitch about fees want to pay $0.00025 as the are fees now over the meme coin while the cheapest one in BTC in last block is $0.24, nothing else.

And if we bring security and stuff in the equation then we're back to what Phil said and which probably too many ignored:


So, to make things clear and show a better picture, you will have a network worth the GDP of EU, USA and China combined, protected by gear worth the budget of Charlotte. Yeah, the price keeps the reward up by negating the halving, but you have more and more value pilling up with the same protection, and hash rate alone as in exahash or petahash doesn't mean a thing when you don't factor in how much it cost!
Because if now at 300exh it cost 5 billion to attack it then obviously at 150Th/s in 2013 you could attack it for $2500? Oh wait!

Yes, I know, it's been only 2 days, it varies, it's luck...but common, nobody would have anticipated this:


It's not going to be 15%, and that's not going to happen, no matter how bad I'm at this kind of stuff 15% is a no! We did have a price spike back to $22k levels but this was in the last 4 hours, it's obvious the gear that has triggered this (if it's not luck) was set to go online weeks before.
So, 10% price increase, 10% diff? A scenario that looked close to impossible at the end of last week, at least for me.

I don't think so, people that held USDC were doing so for trading and to move funds easily around exchanges, Bitcoin and self-custody aren't what they were looking for, and even if they do buy coins on the exchanges I doubt they will take them out. The last block had 2sat/b transactions and I don't see anything unusual in terms of incoming transactions volume that is not ordinals, exchanges wouldn't go and batch transactions with 1sat/b  fees either.
Of course, we're also 20 blocks over the normal volume for 24h but I still doubt there will be another spam wave.

So if the shares of BMW drop in half everyone will be selling his car?  
Customers choosing to withdraw money are not doing so looking at the shares, and shares did tumble exactly because the bank failed to secure enough liquidity, so it's the opposite way around.


The chances are not only high the chances are 100%, because if everyone buys then there is going to be a maximum cash inflow that will for sure make the price go beyond the previous ATH at least. The problem is, if everyone buys, what do they buy since nobody sells?


And, you have guys on twitter claiming to buy as it's the easiest 11% you can make!
Saw that while Luna was cashing down also, so not surprised even a bit.

What I'm saying is that you seem to suffer from the same thing a delusion of being the voice of many, and worse than that is manifesting the same commie behavior of judging one who doesn't agree with you as an enemy. The most important thing is, how do you know what the majority wants? Maybe as extrapolating from the views here the majority doesn't like ordinals but they hate censorship more, which for every single individual or bitcoin "user" would be normal behavior.

But if you're that sure the majority are against it, why don't you fork it already?
Cause all I see here are 4-5 users bitching on a forum about and 200k ordinals being burned already, so who decided this "majority" and who counts the votes of this so called majority? I hope it's not Stalin!


Unless it succumbs to the terror attack of the Jpeg monkeys! 

The weird part is that they sent it to Coinbase specifically, but not just because it's an exchange.

Two years ago the USMS entered a partnership with Anchorage Digital to take care of all the troubles they had with auctions, but Anchorage is a competitor to Coinbase in offering custody solutions so why are the coins going to Coinbase, no idea.

It's weird to have Anchorage win the partnership in this deal only to then use another competitor that was not selected.

Illusionary majority.
People who think that just because they are in the same football team fan club they also share the same views and are shocked when someone is liking pizza and others are thinking is trash food, some are leftist and others right wings and some hate MMORPG games while some are in hentai stuff.

This is the same with Bitcoin, some assume that just because we're all here we have the same views on everything when it's clearly not the case, and when it comes to transactions fees versus value a lot will be shocked to see that the majority of this forum would love to see BTC going to 100k rather than having 1sat/b fees. Bitcoin is a bunch of data, is a tool, and it's free to use as you see fit, no matter how stupid that is.

The whole thing becomes even more ridiculous when we start talking about "spam" is since, for god's sake !!! a ton of us, the people that discuss this here are in either CM campaign or other mixing sigs. What do some tumblers do in order to obfuscate the traces?  A ton of transactions back in forth! Do you think that the guys who have already handled their DNA samples to Binance in order to pass KYC and have never seen a real wallet and don't have a clue what a seed phrase is would find these transactions, how do we call them, block worthy?

Since Mikeywith mentioned how some see NFTs, well I too believe NFTs are crap, and not just because they look like a fad and they really don't serve any major purpose at all, but also since it seems that your ownership of the said "art" is only valid on one chain and not another, much like your painting would be a Renoir in France, a Picasso in Spain and a useless painted piece of paper in Japan. But I still don't see why you should outright ban something just because you don't like it or you think it can cause a problem that would bring Bitcoin down.

If current fees are unsustainable, let's look at numbers, 45.57 BTC in fees in 24 hours, less than 1 Million, this includes transactions that are not ordinals and have outbid them, so if a way less than $1 mil a day attack, or the amount of money a bunch of CEOs get paid in a day is enough to cripple the network, then how is this system going to survive a fight with all those both imaginary and real adversaries?