And you are changing the narrative as you see fit


Your words in the last month alone, you have always treated Bitcoin as an investment asset so how come the sudden change?


Because that's what a free market is!
Just like Bitcoin, you lose your keys nobody is able to help you!
What's the commie protection plan for Bitcoins? BIP-CCP?  


You actually have one point of bitcoin being anything close to a communist system
- central authority
- planned economy
- fixed prices
and not a capitalist one
- complete free market with nobody supervising a transaction
- prices determined by supply and order
- individual with capital can buy and individual without can wait in line at faucet
- no tax on the wealthier, no extra % tax on those holding more coins, same fee if you transfer 1009 satoshi and 1 million BTC?


So you're into Bitcoin because you want to help with incarceration levels in the US, not because you want MOAR MONEY and you're not putting your capital into it to get more capital, you do it to save the Earth from the Bilderberg reptilians!  
Yeah right, keep lying to yourself if it makes you feel better, but that won't make falsehood real!

You're falling in the same trap when you will deny any change just because it was previously supported by an individual you don't like.
The math is pretty clear, the outcome is also, you will never be able to have adoption and cheap transfers this way, and for LN to actually be used en masse, well you will still need bigger blocks unless you want fake decentralization with custodial wallets.
Oh, and last day fees were 8123 4TB ssd, that means users spent that much on fees a day while nodes (which are also run by users) won't be able to spend that ..in two years...cause cost!  


Yeah, it's called periaqueductal gray synapse meltdown, or in layman terms, die hard bitcoiners letting go of their ego.
Won't happen!

I wonder how the russian geniuses ae going to spin this



So right now gas traded in the EU is 25% lower than before the russian  invasion of Ukraine
But it doesn't stop here, LNG is actually even cheaper:

https://aegis.acer.europa.eu/terminal/price_assessments


trading at a 3.4 euros discount, which makes LNG now 38% cheaper than Russian gas two years ago on the same date!
So:
- muscovy is selling less gas at cheaper prices, but trolls will say it makes more money
- Eu is not consuming as much gas because it's more expensive by by cheaper than it was , toll logic 2
- the gas prices goes down because...muscovy is selling more although it sell less
- LNG is cheaper than gas because...russian mumbo jumbo

Meanwhile, China is saying a big FU to the same russian gas:
https://oilprice.com/Latest-Energy-News/World-News/Massive-New-Russian-Natural-Gas-Pipeline-to-China-Faces-Delays.html


How to be a financial genius
- threaten the second largest economy with economic war so you end up selling less for cheap
- try to find a new market to replace the EU by having to cough out the money end up selling even cheaper than cheap
- end up being again a slave under the  Yuan XI dynasty

But muscovy stonk, cause... reason

Bitmain dumping the j xp series, so they are probably done with the S19 and only focus on the S21 from now
But honestly ...
After Coupon 16.1 $/T vs  17.5 $/T with  one at 21.5J/T and the other at 17.5J/T
Still the s21 look more attractive with coupons (of course if you have them)
They also dropped the price of the hydro to 8.4 $/T, but the efficiency on that is just bad!

Still weird, they have a ton of pre-orders, do they have also a ton of stock, I wonder if we'll see the most efficient gear at $10/th if the halving doesn't come with a price bump!


Down to more realistic figures, so counting the -3.8% last time it because just an average of ~1% per two weeks, rounding error.

Yeah bruh, capitalisms is going to die...every century now
You do realize you're here because you like Bitcoin which is the pure essence of capitalism, where the one with the cash buys and earns some more and the owe with nothing (no capital will be forever a no coiner just as poor as he was before?

And furthermore, you remember how Bitcoin as supposed to kill middleman, kill banks, all that because there was no need for them anymore?
Look what bitcoin bought, thsoaudns of jobs exactly in the fields that it was supposed to destroy!

Also, all doom and gloom lovers, postpone your party:
https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-02b17c02f52ff4f68090a3f67f9e45c8

It's returning to normal, the madness in covid hiring had to stop at one point.
https://edition.cnn.com/2023/01/22/tech/big-tech-pandemic-hiring-layoffs/index.html




Everyone went nuts in hiring IT related workforce, some going completely nuts and hiring more than even the wildest expansion would ever require,  I work in logistics and while my company wasn't that bad at this one of our partner bought maintenance services alone that would have been enough for a business 100 times their size, they are now paying a contract for 8 or 10 months left in which basically the technicians come and look at each other. We have a case of unpacked servers that were never needed and probably will rot in the storage, unless we would be able to buy ourselves those, or maybe even receive as a gift 

It's not something special it's business realizing they have expanded their workforce well beyond their profitability limits and that there is no growth that would ever make those inflated numbers profitable.

600 000 x 17 500  is 10,500,000,000 so about 500x times the number of all coins ever to exist!
You sure about that?

Assuming the 600k means the coins mined during this next epoch with 3.12 block reward there are 656,250 of them and they are exactly 1/16 of the coins mined before the first halving. But in terms of price, since each coin will probably be at least 40k they will be closer to 24 billions, so 240x times what the coins before the first having were valued at that moment.

So there might be a reduction in number of coins by 16 times, but the sum you have to cough up to cover them is still at least 240 times bigger.  

Revisiting this since despite the weekend the 10sat/b wall has gone up to 348vMB, so as I was saying, statistics, they cna come and bite you in the ass as soon as you let your mouth babble about.......and with that and sporadic spikes of over 35sat/b people might stilt take a chance on ViaBTC.

Speaking of Viabtc:
https://mempool.space/block/0000000000000000000027d7dda32229f3e774dafd550278fa3c87a2381ceaaa
This might be a reason for the cut in a free 100tx, in the last block Viabtc paid me I checked and for sure about 50-100 tx were internal payments and moving of coinbase coins, dunno why they do it in splits sometimes but...their business.

Electric bills and internet are running costs, not investment!


Nobody builds mining rigs, you buy an ASIC, you put it on a shelf and you power it on, the only time the miners decides on efficiency is when he buys the type of gear he will mine with it. 


Yeah I can see that decrease:


100% up in a year /S


Creative things , like?
Writing poems about bankruptcy or what?   

I have a feeling that more times passes and Bitcoin grows as well as adoption the more of a mystery mining begins to look to some, much like religion!
I mean seriously, it's basic business, you have x and y, just as you plan a donut shop near NYPD headquarters or a pork ribs food stall in Riyadh, it's pure economy, you have the means or you don't, cost and profits, 5th grade elementary school economics.

Lol, no central planning?
https://www.fujian.gov.cn/english/news/202108/t20210809_5665713.htm



A lot of people mistake the fact that private companies build something it automatically means there is no government control.
So let's clear a bit of those:
- no company can build how much it wants, every local authority and every regional government has pre-approved quotas
- local governments can force final prices on specific projects and can enforce a minimum price
- the central government can make quotas on new buildings, denying building in big cities and enforcing building in smaller ones (mainly to prevent migration), even without demand there, even if in the past 10 years only 10% of the buildings have been sold, the quota must be met!
- the main government and province governs issue permits and quotas outside the real market on new real estate building, you don't buy land and seek approval for you project like in the west, you first register, your company gets approved and you can build a x where y meets z on predesign land
- the whole hukou thing, basically treating migrant workers as second class citizens, denying the right to buy or sell a house without permit

Does this look like a free market?

Yeah:
https://www.bbc.com/news/business-67562522

Perfect central planning

1.5 million houses for which people have already paid for which there is no money to finish them and 600 000 sold houses that are just on paper with not one brick laid and for which Chinese buyers are already indebt and paying mortgages worth everywhere between another 60 billion and 120 billion!
Yup, definitely thinking of the national interest!

But I have no doubt Franky will come here and tell US that debt that can't be paid back is even better than debt that grows the GDP, because ...reasons!


Oh Franky, I always forget English is your sixth language you never learned
https://www.idc.com/getdoc.jsp?containerId=prAP51817224




Yeah Franky, top smartphone brand by SALES in CHINA is APPLE! Deal with reality!

And all this in just the 56 days since the domain has been bought?
Not only did it take time to set the website, then for this guy to find it out, and despite NYW and Christmas he already has made succefull withdrawals?


Use logic!
If you already have the signals why are you forced to use this platform and not a larger one full of liquidity? Why?
Obvious reason is....


You're going to lose all your money with this, I know how tough it it is, I've been though the ordeal of dealing with this although on smaller scale but this is not the way out of this. And!! I must add that even if a platform is legit, even if the guy is a top trader, there are risks, nobody saw LUNA or FTX crashing, would you afford to lose 30% if the bear market returns?

Oh, it is! It's like the teacher asking you why you didn't do your homework and you point at the other guy saying he didn't eat all his carrots! Why?
Is it that impossible to have a conversation on a country alone and not go full crazy on but what about the US, but the US, what about the US, look at the US,
Although now that I think, yeah, it might not be low effort propaganda, it might be a sign of a meltdown because of a rejected green card!

Imagine how discussions on Bitcoin would be if at every pace someone would say but what about ethereum but what about solana!


Yeah, and we have heard of Japan collapsing because of this for 3 decades yet, remember how the UE was supposed to crash because of PIGS? It all depends who owns that debt and what it was used to prop, in China it's spiraling out of control and its used to prop a sector of the economy that makes 30% of their GDP and it's unable to prop up even by enforcing minimal prices on houses and apartments so their value can't go down.


I remember how Iranians were chatting death to America at Soleimani burial while his coffin was in a Chevy truck and his daughter was taking pictures with an Iphone, speaking of
Apple takes top spot in China’s smartphone market for the first time
Who's buying who?  

At 8% if it will be the case this is going to be the largest jump in hashrate ever, of course it comes after a decline but still it might go above 40 Exashah, the previous records were 34 and 30, it's just insane how it keep growing.

Fees down, price recovering a bit, with this ew jump we're going back to 7.5 cents per th/s.
Also fees in % reward has hit a new low of 5%, lowest point since November.
And riot is planning 100 exahash till 2025 

Funny thing, with all these swings 4% down and 8% up the hashrate still looks just as distributed as previously, as If every single thing is affecting all pools nearly the same with little variance.

Binance coin?
A centralized shitcoins that will go down when Binance goes and that was pumped with the fees Binance is fleecing its gullible users?
Nobody in its right mind would want to touch that unless forced by being tied with its finances to that exchange!


Why would they face such  things?
First they don't care about decentralization, trust is already there, you're using your national currency every day, you go to  shop and that shop accepts it, that's the trust, as for adoption, that can come in a second, all they have to do is pay all govemermnt wages in that coin, then merchants will have no choice but to adopt it since they need to sell stuff, and that's it, it's done in a day.
If a govemermnt would truly want that they could simply stop printing cash, migrate all bank deposits and balances to the new CBDC and here you have it, how would you be able to stop it?

I love how you managed to contradict yourself in a 20 words phrase!


Whales..
Kodak, Nokia, Saab, TOYS R US , Compaq and hundreds others have disappeared in a few decades with whales with a different size of pockets behind them, if you look at a longer time span you see entire countries that have disappeared and you think Bitcoin is something magically that can't be overcome by anything?
There is no such thing as impossible, you're looking at thing that is barely 14 years old and you think it will last millennia unchallenged?

I'm probably one of the most biased bitcoin maxi here but I even I wouldn't dare make a century old prediction.

Lol, what? You're going to tell me that there is zero chance that by 303 000 AD when we first exist the Milky Way there is another coin surpassing Bitcoin?
Zero chance?


Common, let's stop already with this!
This whole non-sense is getting really repetitive and out of date, of course if we talk about real government and not dictatorships in shitholes like Russia or Iran or North Korea. I've heard that for the US like every day, they will kill Bitcoin because is a threat to the USD meanwhile:
- the US will kill bitcoin will not accept it anywhere, yet the largest companies that accept Bitcoin payments are in the US
- the US will ban bitcoin mining, they will crack down on every miner, yet you have the largest hashrate and listed stock companies there
- the US will never legalized any aspect of Bitcoin, done, done and done
- the US will never allow an ETF, it's a threat to wall street and bank and investments fund...d'oh!
- largest number of ATMS where you can purchase coins, done, largest number of nodes, done, largest numbers of LN channels done!
So, how are they trying to kill it?

So who is this evil gubbermint you're talking about , and again, not some shithole country?


You know who created both SHA-2 and TOR? 

The same guys that sell books on how to win the lottery, instead of making 10 millions a month by winning those they try to make $10 000 a year by selling a few books, wonder why? Probably because all those are pure bs and writing is easier than practice? 
Take Kiyosaki for example, renown author, quoted every day but in real life he has gone bankruptcy after bankruptcy, lawsuit after lawsuit, he has never had a profitable business in his life but he's good at writing fantasy novels, cause those have nothing real in them.


Ask this the guy who just yesterday was selling a 101% formula to win millions in a casino for $200. 

Or in a month:
When are we going to see the mempool empty again and 1sat/b confirmations?



It took less than a month since I've opened that topic to see 1 sat/vb again, of course it was not that bad at that time as it is now, the purging was at 7.7 and the actual size of the mempool was about 2/3 of this but still it took one month of normalized traffic, if this trend continues we we will probably hit at least under 10sat/b in a few weeks.

Well, I think this settles it:
https://www.fca.org.uk/news/warnings/benchmark-benchmarkcocom


https://moneysmart.gov.au/check-and-report-scams/investor-alert-list#!https-benchmark-co-com-1373


So, yeah, you lost that money (if you deposited some) but at least you haven't lost another batch for verifying your identity!

Pretty simple rule:
if someone asks for money to send you more money back > SCAM!