In August I started a topic:Bitcoin doesn't like high inflation either
and it didn't, every single time bad news came from the US Bitcoin did the same, it dropped, the pattern is there, and the numbers are there, if you can't see them then you didn't see this coming yesterday when inflation has finally shown signs of cooling down



Or if you don't like that simple graph, and love narration maybe this explanation on the course of events from the WO suits you better:


And the big green dildo did come!

So the story right now, despite all the wanna-be economists that preached about hyperinflation, economic destruction, and recession back in the stone age, things are getting too cool off just like the heads of revolutionaries with the first snow falling on their heads.


I will never get tired of telling people the apocalypse they're preaching for the economy will not help anyone, if everything is destroyed, if people lose their jobs, if logistics chains are destroyed, if nobody is willing to spend a dime anymore preparing for the end of the world it will not be "good for bitcoin", and most importantly, not just telling them, but proving them with facts!
Two vultures in the desert trading one roadkill squirrel for a pair of two years old buffalo bones won't bring bitcoin to $1 million, even if the two vultures do the trading on bisq. In order for people to invest they need money, people that lost their jobs and have no money for food won't be able to invest a dime, they will actually sell their investments to buy necessities!

So, rather than being mad as again, the US seems like it's postponing its death by a few more years, cheer as this is also good for bitcoin, with Europe that as always is lagging behind also showing signs of easing although I don't buy the next month optimism of the ECB, probably more like a trimester we can finally say goodbye to this whole mess and focus on real growth, based on business, not on the fear of an apocalypse.

PS, my bad, probably some of you don't like the mainstream media narrative, let me fix this:

Decrypt: Bitcoin and Ethereum Get a Boost as CPI Shows Inflation Cooling
Coindesk: Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October
Beincrypto:  Bitcoin Rises After Inflation Numbers Reveal Slowdown
Forkast:  Bitcoin gains 5% as U.S. inflation slows down in October

Phil, I've added two merits because I realized that just after a few hours this was way off when the price slumped and if it doesn't recover more, back to the drawing board.


We had 124 blocks in the last 24h according to blockchair as I type, so a serious drop but I wonder if it's not just something from the previous spike, Nov 8th managed to get an average of 8.8 minutes per block, as I don't think that miners would be that responsive in such short interval.
But I do hope for a serious drop in two weeks' time, things can't go on like this. Can't!  I protest!

As for the previous 2018 comparison, I'm not really familiar on how things were going back then but if hashrate, cost pe th / profit and so on might keep the proportion, I'm not sure about how entrenched a lot of the hashrate is, and by this, I mean companies that do mine at a loss because they are either not losing their money or they are simply losing money paid in advance so their current operations are still in profit.I think we have a higher proportion of these in the hashrate, and unlike previously the ones that have cheap energy won't be able to oust them.

Anyhow, I've learned the hard way that history has a habit of not repeating itself exactly when you need it more, so, full polar/kodiak/panda/koala bear mode right now.

I seriously don't know why I'm smiling cause this is a serious thing and a lot of people will lose a ton of money, maybe their life savings or even worse but this whole situation right now is ridiculous.
Yesterday I was watching an interview with Sam and I was sure it was gold but I can't compete with the situation above

FTX still has $1 billion to deploy, says CEO Sam Bankman-Fried
https://www.youtube.com/watch?v=uGZrZq6z-Ig

Around minute 3, where he brags about how much money he has and how is set on the side, he actually wanted to let people know that he could easily have the backing for another 1 billion on top of the one claimed.

This Mofo was in a congress hearing, and he was reciting his story knowingly that behind the scene he was doing exactly the opposite.

Again, neither the blockchain nor nodes are something that exists like air everywhere without human assistance, they are databases, and nodes are the copies of that database hosted by someone, if those persons decide it's not worth hosting the nodes anymore as the said shitcoin (BSV in this case) is worthless then there will be no reachable copy of the blockchain anywhere and nobody can run it anymore.

Go to the end of the altcoin announcement board here
https://bitcointalk.org/index.php?board=159.0;sort=last_post
And check, are all those dead shitcoins's blockchains still reachable?


If there are no full nodes there is no mempool, and there is no network at all, so if one full node comes back online from its slumber it will have no idea what happened while it was offline, it will have no idea even about the blocks that were mined after it shut down.

So, this was the famous loaded? Seems like an "interesting" guy!



Those files don't close until everything is settled, they will keep investigations and men and spend thousands of dollars even if years have passed and the actual thing doesn't matter anymore, the FBI has tens of cold cases that are decades old, highly probable the culprits are dead and they are still searching for them or for the money.
It's the same with Alphabay, Alexandre Cazes has died in prison 5 years ago, and investigations on the money and the relatives still made a few headlines till 2019, and it might be possible the actual investigation is no way close to being finished, in 2020 they sentenced a moderator to 11 years in prison, and they are still after the sellers that were active there.

Actually, this year is when they were more correlated than ever



Two of the dips were triggered just after the FED announcement, and the last mess is caused by a multitude of factors that normally won't happen every month or every year, elections, meta, ftx, but even if we consider this, 2022 was far more linear and uneventfully than 2021.


This didn't age well!


The patterns are there, both in the graph I linked above and in the topic like this one here:
Bitcoin's correlation with Nasdaq 100 reached ATH

Or articles like this:
Bitcoin's Correlation With Stocks Comes Back as Economic Factors Roil Markets

Worse, you're talking to the new polo7 and 325btc clones, when they are taking a break and are not talking to each other.
The same ideas he has posted a hundred times with each of his identities, cex are good, stablecoins are better than bitcoin and better than fiat, the economy that is going to be destroyed and can be saved with printing tokens, etc etc.


Also, just as a heads-up he also has another alt that is just posting the same garbage and they have gone one step further congratulating each other on their views
https://bitcointalk.org/index.php?topic=5420265.0


No, he's not kidding and he's not even trolling, he actually believes this crap, just as he believes a lot of the stuff he has posted with both this new one and his other three to five as I've lost count of his accounts. So just like NeuroticFish above, sorry to bring you the bad news that you've completely wasted your time with him, and also, don't try further, it's impossible to have a discussion, you're talking to the walls and he is yelling back at you.

Why not? Because we would discuss the obvious reasons why not to install these games?

You earn minuscule amounts and you're not going to make the minimum withdrawal in months!
They bombard you with thousands of ads after each level during each game, three times before the game starts six times during the game?
The games are just crappy games that rival the ones I was playing on my 486s 20 years ago?
That it obviously states it shares and maybe sells your data.
That the payment is between 5 and 1000 satoshi, which makes the lowest amount 1/10 of a cent now worth even a charge of your smartphone once a year?
The fact that are trying to sell you upgrades to earn more satoshi and you end up paying for "winning" plans in which you will never recover your money?
That once you reach higher levels you will need to spend more gems than the game is giving you for free and you have to actually buy if you want to play more than 5 games a day. And one "wagon" of gems is just 50$? While the full prize pool is 5$ a day?

Interestingly that you made a moderated topic, and handpicked the good reviews on google, ignoring the multitude of bad reviews, actually I'm amazed you managed to get a few good ones, and clearly stipulated you don't want to hear anything bad about them.
Why?

No, it's not, it's pretty transparent unlike yours!


Irrelevant as even if you would use the same address for each customer each payment will still be an individual UTXO, so consolidating 1000 UTXO from one address is the same as consolidating 1000 addresses with dust, the size of the tx will be the same.


Your data is wrong:
https://www.statista.com/statistics/239247/global-online-shopping-order-values-by-device/



So as previously, you're simply posting misleading things and not answering real important questions about your own service.
No thanks.

Please change the title, as it's totally misleading.

https://www.dailymail.co.uk/sport/sportsnews/article-11408011/Tom-Brady-risks-losing-ENTIRE-investment-FTX-exchange-plunged-fortune-crash.html


https://cryptoslate.com/tom-brady-gisele-bundchen-investment-in-ftx/


Their entire wealth is $650 million, nobody knows what stake they have if FTX, it might be $500k or $20 mills.

Seeing your reply I was curious, what's the highest token that has 4 letters, opened coingecko and, I realized I'm out of touch with altcoins.
So, I'm guessing you'll be surprised too, in the top 10 coins there are four with five letters and one with five.
USDT, USDC, BUSD, DOGE and MATIC.
I counted 20 more with 4 in the top100 before I gave up.

Maybe we won't run out of 3 or 4 letters but for sure we're going to run out *USD* 4 letters abbreviations, there are 87 damn stable coins!

As you said, this has to stop, it's worse trying to recognize a coin that going through hundreds of listed companies on the stock market, and scammers take advantage of this every day.

Please don't use "men of culture"!  
It also has a different meaning, every time I screen animes for my kid and my older nephew I check the comments and if there are some like "We are all men of culture", or "My cultured senses were tingling." it means it's not really an anime but pure hentai!


Yeah, how about no!
People try to leave their marks on everything, there are hundreds of messages from stupid quotes, to prayers, to links, everything.
Satoshi did so with the first block, hundreds tried to copy him for fun.
Not everyone who did so was a "visionary" some did it out of boredom.
https://decrypt.co/55642/the-5-best-secret-messages-hidden-on-the-bitcoin-blockchain


That's on the BSV chain, once CSW finally goes to jail for all his scams that chain will die just like hundreds of shitcoins have died.
The blockchain is not something that magically keeps data alive, it's the same as a torrent, if there are enough seeds the file will be available forever if nobody shares it or in the blockchain case, there is no full node available the chain is dead and nobody can retrieve the data anymore.

He didn't.
He was planning to buy their assets, just as in his proposal with Voyager, but unlike the other, it was all just talks behind the curtains and rumors.


Not even that:
https://www.binance.com/en/blog/ecosystem/introducing-busd-monthly-reserves-holding-reports-3675220544653402926

Yeah, I don't know about those Black Friday deals.
It feels like every time I get to buy something at a "discount" next year that damn thing will be 3 times cheaper at the normal price. 

Just being a new exchange is risky, not really meaning it's a scam as all exchanges that are launched have to be new at one point.

But when they are that new yet they claim this:


it's clear they are lying and it means you should definitely avoid it.

Plus, be really careful about self-hosted android apk that are not even present in the google store, you have no clue what you're downloading at all.

ps.
Their twitter links to bika.cfd, also just 4 months old so impossible to have obtained this :

Cash as in banknotes and metal coins.
How is cash not anonymous?
Do the bill you hand over to some grocery store carry your name on it? Are they registered with your name in some database? Can someone looking at a bill track you or see how many $ you had in your wallet 10 years after you made the purchase?
So, what aspect of handling cash do you think is breaking your privacy and revealing personal details to others?


And cash is not?

Novogratz?


The guy has just lost another $70m and still has the nerve to come and say something, anything?
This is the shut up moment for every single of these ***, seriously, after Terra, after Celsius, Voyager when every single of these morons came to say wasn't like them it's about high time for every single of them to shut the fuck up and do so till the community asks for their opinion.


Yeah, weeding out bad actors while millions lose money it's definitely a great step forward.

I have a hard time believing TSMC is letting a guy paid with 2$ an hour drive a manitou through their warehouse with 1 ton of chips hanging 5 meters in the air. 


This is where you are mistaken, by the same logic Ferrari would have lower profit margins per car than Renault.
But let's stop speculation since TSMC is a publicly traded company so:


https://investor.tsmc.com/chinese/encrypt/files/encrypt_file/reports/2022-07/95e05d031e382c1beaf2b7f088e2dee32e13a0bc/2Q22EarningsRelease.pdf


Apple is at 25%, just an example, Amazon is at 4%.

Two weeks, and god!!, reading this topic feels weird.
I'm so happy I used "savior" with commas, I don't have to change it from savior to unsalvageable, not recyclable etc, etc!
Or switch to "“How the mighty have fallen!" because it fits so well, from the one that had plans to bail out every troubled DeFi and exchange to the one that has to be bailed, from the one talking about regulation to a guy that has definitely played and got in some shady deals behind the scenes.

And why stop here with the ironies:



The future has proved who has no future...
OMG, I could on like this forever!

One more, he wanted to save us, but instead of giving us a fish, he took the fish!


No, the guy promoting the bill selling to the one that wanted to fork bitcoin to get his coins back is not really a step away from centralization!

I probably don't have to make a recap of the events, we all know, shit hit the fan again just like Celsius, just like Terra, just like Mt Gox, and just like the not yet launched CEX that will run out of your money in ten years from now.

I know we have tons of topics about "not your keys, not your coins" but I want to point out that not only do some forget this, but they also fall for tricks with guarantees about their funds and just look how gullible some people are, and how some are clapping and liking this crap:



Terra tried a token that was backed by printing more money to buy coins that will back their coins, now CZ, the master liar when it comes to volume, regulation, or where Binance is licensed (if at all) tries to reassure you that your funds are SAFU, your Bitcoins and $ are SAFU because he has 700 million of tokens he has printed himself! To make people understand, just BNB has lost in a matter of hours 4 billion in valuation, yet he guarantees all your funds, all your stable coins are safe because he has 1 billion in shit tokens to prop it up!

A coin backed by a token that is backed by a tweet claiming that those are indeed available funds is not a stablecoin.
252,597 BTC backed by 16,277 BTC are not SAFU!
Deposits claimed to be in the tens of billion can't be backed by 1 billion in shitcoins!

Trusting these guys with your coins is just giving them more power and nothing else, this is no FDIC, just tweets!
I know that for traders it's impossible to use anything other than CEX, if you want to trade every second every hour, set up trades 2 days from now or at certain prices that's the only way to do it, but for the others, CEX are not meant to be your bank! You are!