https://fortune.com/2021/04/20/bitcoin-mining-coal-china-environment-pollution/

There you go with 'hate', are you a bot?

Just saying that +67% of all BITCOIN mining is done, in CHINA, and it used to hydro, and now its coal.

The last few years have been dry, the rivers are drying up here in ASIA, BITCOIN ain't clean, and the trend worldwide is to restrict coal burning.

With rivers drying up, and no available hydro the miners jumped to coal, I guess its Bitcoin's dirty little secret, but its a crisis here in Asia, where almost all 'cheap electricity comes from coal', in recent years many dams were built, but then the water didn't come.

So where are you going to get the clean energy?

I don't see anybody working on a 'green' S-19 bitmain box that does 80THS

Why do you talk about Bitcoin hashrate, code, or ethos? This has nothing to do with the topic. Are you a bot?

People talk a lot about "Seen this before", but no they haven't

What we saw in 2017 was 5x $4k to $17k,

2019 $3k to $12k 4x

In 2020 $6k to $60k 10x

So for all the talk about 'seen this before' we have not seen a parabolic 10x rise in six months

Lots of reasons for the blast-off Sep-20 was COVID, and of course stimmy-gov checks

Also the robin-hood fad brought in a lot of new traders who were told they could get rich 'playing crypto'

Easy for 0.01 to go 10x, or $1 to go to $10, difficult for $10k to go to $50k, without billionaires like Musk buying in

Who is going to buy? To bring this back up to $60k or higher? It has to be people with big cash, MUSK used his company to borrow cheap COVID cash; Is this the future? Cheap easy money to BTC?

...

The question is what is the support? All has been parabolic since sep20, about $10k, and the low in the time-frame was $6k

I'm going to guess the initial support level is $10k, which will be a test. There is no reason for a higher support level because even $20k is lofty in the heavens.

What you all say? What is the reasoning??

Silence is Golden

NIMBY rules the BITCOIN community-org what you all say that all mining/coal-burning be done in gated community where all the HODL'ers live united.

This is probably the single issue, that even the professional liars of BITCOIN pump&dump seek to avoid.

I think the OP is crossed with Trump&Limbaugh, but that's fine.

It doesn't matter, once COAL mined BITCOIN in CHINA is halted, lets let the OP find new sources of cheap power for the miners.

The USA,RUSSIA, &CHINA agree on this issue.

BTC is a waste of energy, it one btc buys 1,000 barrels of oil, so who cares about energy costs, or how many ton's of coal must be burned?

It doesn't really matter about the argument, what matters is the scale of wasted energy. All people are asking is you get over it, its coming down.

Wasting energy the scale of an entire country say Argentina, is not something to defend.

We already know the BTC community don't give a shit about the world's environment, that they only care about getting rich, while locked down under COVID.

IMHO the BITCOIN-ORG-COMM shouldn't even be in this debate, allocate them say a few 100 watts per miner, and then its up to them to figure out how to find the green energy they need.

Where this is all going is 99% tax on BTC, which is probably what the IMF wants, and the BITCOIN-ORG as well. Outcomes are always pre-planned.

BTC is now at $47K, on the way to $42k, then total devestation


Feeling bad?

If you can't afford to lose it all, you shouldn't play crypto.

Seems to be a theme

Sentiment negative - Hater

Sentiment Postitive - Hodl'er ( cult bs )

Feeling Sad - Btc down

Feeling Happy - Btc up

If you have bitcoin in your life, you don't need friends ( insane btc themes )

...

Greed & Fear folks; no emotions required. Real traders never make anything personal, never fall in love with a trade, and never HODL; Buy low, Sell higher

There are no sure things in life, never have been never will be.

It doesn't appear the 'stock market' is down, unless you mean cypto stock which are down and hard,  tech-stocks are getting hit, makes sense, as mining ban, could end the chip shortage,. Baba in china 9988.hk is up, most asian stocks are up, while crypto is being destroyed, I would suggest that people are moving  into tangible value, like GOLD.

All bubbles work out this way boom-bust cycles, until the authority's close it down, unfortunately France, Belgium, England (Missisippi,tulip,south-sea) they didn't shutdown until the economy's were bankrupt, & widows living on the streets

Well to answer all the above speculations.

It's 2pm in ASIA, the big selloff start 6 hours ago ( BTC broke below $50k, 24% loss); thus the sell-off don't have anything to do with the USA, hell they ain't even 5% of the worlds population, get over big-guys

The sell-off of BTC is obviously happening in ASIA.

The talk of 'Bidens tax' is just talk for right now, fear-mongering. Most legacy investments in USA are fearful about Biden doubling the capital-gain tax.

As we all know most legacy investment houses, Vanguard, Fidelity are not exposed to Bitcoin; where most of the 401k money is held

COINBASE is major down, 5% just like BTC-ETF's in Canada

RIOT is down 11%, there HODL'ers buy RIOT if you want to lose $$$

( SEEMS like BTC stocks are the Marijuana stocks of 2021 )

...

I agree there is a sell-off today across all crypto-space, everything is getting hit, this could also be a pullback from Crypto period. Gold is up, COIN down 5%. Sounds about right. Coinbase has lost 25% since the IPO, expect it to lose more, its the "Shit-Exchange-House" of Crypto. How this company ever took over BTC, is just proof that PTB in WASH-DC is running the BTC-CORE.

We will not know for another 8 hours, when the USA markets open how they treat the crypto-carnage.

Seems to be a lot of automated buying at $49k, as everytime it dips to $48k, it comes back  up.

Remember the book 'Hitchhikers guide to the Galaxy", the answer is 42

$42K is what MUSK paid for his BTC, expect to see utter devastation if & when BTC near $42K ( 36% btc decline, which is nothing in the history of btc routs ). Every house will be calling the CEO on Margin call's.

In summary, given a 25% loss in BTC, this should force a ton of margin-calls, given that most of the traders are on leverage, this rout should also take out a lot of the exchanges.

JP-Morgan story about BTC crash, was almost a week ago, and was just one analyst call, but almost everybody knew this was coming. The Canary in the Coal-Mine was MUSK's $1.5B 'investment' in BITCOIN. Insanity.

Musk is getting slapped hard by China, in a few days they're going to announce pulling his 'visa' and denying entry, the public are calling "TSLA" Death Machines. His bullshit works well in USA, but in ASIA people don't like stupid.

...

Holding $48,500; Just wait until people wake-up and start getting the margin calls.

China shut's down BTC-Mining Op's near Coal plants. BTC prices collapse, BTC fee's go Astro. False news about SEC fraud investigation of BTC, BTC prices goes down, ...

Recall that +67% of all BTC mining on earth takes place in China, that all BTC mining hardware ASIC&GPU is 'Made in China'; CCP (China.GOV) recently took over all ANT-BABA(jack-ma) Holding companys, CCP now owns Bitcoin.

Many of bitcoin's largest price drops can be traced to negative news related to china.


Your partially right, but like the blind men with the elephant, sort of wrong.

COAL is a major problem, but the real problem is historically in CHINA from the begin the miners were near HYDRO, but in recent years everywhere here in ASIA, the rivers are running dry
In order to keep these miners running, and remember we're talking about the equivalent of entire country of power wasted like say Argentina, in terms of powering these BITMAIN miners that burn 3,000KWH each, and they can be lined up to the moon.

Something has to be done, in order to mine bitcoin do we kill everyone in CHINA with smoke from coal??

I know the BITCOIN community don't care about human life, they only care about HODL, and mis-information and lies and get rich quick.

The CCP has to make a decision, they go slow. Jack Ma owner of ANT ( all hw & mining ops ) is under house-arrest, CCP has taken over in the coming months we'll learn what they intend to do with the BITCOIN "PROBLEM".

Expect to see more orderly permanent shutdown of BTC, expect to see more astronomic fee's from transactions. Expect to see more world-wide pressure from ENVIRO groups about the terrible energy waste. Given ESG is now Biden's #1 platform, expect to see major push for low-energy Crypto Mining Op's.

BITCOIN fools, pumper's, dumper's, and evangelists don't want to hear or discuss these topics, but long-term investors, better take off their Bitcoin Stained Googles.

...

The USA lawyers successfully argued in courts for years that Cigarettes didn't hurt you

Monsanto for years proved in courts you could drink Round-Up (tm)

China is a little bit different, in China when you or something kills their children, the people take it into their own hands and kill the CEO's, and/or the people responsible for the pollution. The USA public is sheep, do not expect this issue to evolve as it does in the USA where killing is legal, and the guy with most expensive lawyer never goes to jail.

If China does shutdown BTC-mining with COAL, or forces re-location, or honestly if they just forced all miners to pay 0.20 ( 20 cents/khw ) the problem would be solved, they would move on. The problem of course is that power is subsidized, largely because of heating needs in the North and keeping it affordable.

There is tremendous pressure on the CCP to resolve this issue. Overnight the outcome could be a complete 'halt' of BTC, just think if 70% of the world's miners were brought to a halt, the fee's would go astronomical, and the 'trust' would never return. All the miners on earth are hard-wired to call home to 'bitmain', now owned by the CCP, they pull the plug, and home is /dev/null.

I know this is too much to ask of the morons pumping BITCOIN to the moon, but money is not everything, in fact most of the earth its not even relevant. It's funny Satoshi (myth) was to escape the USD (fiat), but BITCOIN has attracted the most zealous money grubbers on earth. Go Figure.

BINGO, its not a bad situation, never been a better time to piss away your wealth. A fool and his money are always departed.


Right now bTC is losing $1k an hour.

Buy now lose as much as you wish, at 2% loss per hour, you can decide up front how much you want to lose. BUY High, Sell Low; It's the secret sauce of fools.

HODL on Garth

https://coinmarketcap.com/

If  you have some money, and you MUST buy BITCOIN you wait until it hits a prior solid bottom.

Right now BTC is in a free-fall

People who buy right now, are what we call "Catching a falling knife", a game only played by morons, and fools that want to lose all their wealth.

This is not personal, the FAT-CATS like MUSK that ran BTC up from $30k, have no choice but to sell, they borrowed the money to buy BTC, which means in essence they're subject to a margin call, which already started days ago. Now the calls are cascading all over the world

This is what brought all the hedge funds down last month, this is what brought gold down the last two months, Bitcoin was the last man standing, and now its collapsing.

Funny thing is that ETH, and other good alts are doing just fine. Lot's the good privacy alt's are still up 400% and holding solid.

...

Never fall in love with an investment. Had you bought DOGECOIN two weeks ago for $1k, you would have $50k today.
Had you bought BITCOIN two weeks ago, you  would have a $12,000 loss per coin today.

Smart people make money fools lose money. The only people right now that HODL BTC are fools, or people who got it for free, or people who paid $100 for each BTC, all other smart people have taken their profits.

Fools love to HODL, and fools hate smart people. Go figure.

All I know is that BTC is DOWN, and going down more, and the good-alts are going to the moon.

If you have a good team, and a good story why not HODL?

BITCOIN doesn't have a good story, and it doesn't have a good team, and its over-priced. Worse of all the robin-hood stimmy-check generation think that BITCOIN is for geriatric idiots, the robinhood people don't HODL, they make money.

All the reasons BITCOIN was created in 2010/2009 are lost, the bullshitters, liars, and criminals 100% have taken over BITCOIN

What' worse is they embrace the IRS(coinbase), they take orders from Wash-DC ( no privacy ),

Today's BITCOIN has 180 degree turned on the original premise of freedom, and protection from FIAT ran by an insane government.

Wealth is not freedom, privacy is freedom; Todays BITCOIN is a collusion of Government Criminals, and low class street criminals.

$49k right now, if it nears $42k where MUSK bought in then expect a 100% haircut and quick. The big boyz cannot accept losses, and they DON'T HODL

It will revert to $20k for sure, the real question, is will it revert to $6k?

I was thinking today, if it reverts to $2k, it will have the same CAP as DOGECOIN. Think about that

In 2018 when we had the last 90% breakdown the mod's were deleting any post that mentioned this subject, expect heavy censorship very soon.

It's amazing,these people pump&dump, but when it hits a freefall they expect everybody to remain mute.

It's not like people use only this site,

https://coinmarketcap.com/

Post's this stuff live.

Like I have said for weeks here, MUSK and all his idiot CEO's MUST cash out, now or otherwise TSLA is BANKRUPT.

Everybody was counting on easy fake profits to make their balance-sheets golden, now everybody who HODL, risks destroying their companys.

Expect a total blood-bath,

On a closing thought had you invested two weeks ago in DOGECOIN for $1k, you would have $50k today, and bought ONE BTC, you wait, and in a few weeks you can buy 2-3 BITCOIN, but seriously, if you took that $50k and bought the 3 best alt-privacy coins, you would be a mllionaire in a year.

All the while BITCOIN is down 30% in the last two weeks, good alts have risen 25%/day, chew on that BITCOIN scammers, hustlers, and promoters.

It's not horrible, its a fact of life.

BITCOIN has evolved from an anti-government defiance to FIAT to just another scam to depopulate the earth and murder people, just like FIAT. Who would have known, who could have thought?

I do agree, that BCH was fascinating to watch, and (ant/baba/alibab/jacki-ma) BITMAIN tried really hard, buy accepting BCH as a payment for BITMAIN miners, but that was four years ago. I think today CCP in control, they can do as they with with BTC given they control +67% of the mining on earth.

CCP has every right to do with BITCOIN as they wish, its their country that's getting polluted, they own the hardware, they make the hardware, they run the majority of miners. They OWN BITCOIN.

I too don't give a rat's ass about Bitcoin prices, but Peter Theil last month came out and warned the world that CHINA's ownership of bitcoin was going to bring big problems, and now they're here.

I'm glad one person on this site, comes clean and admits the "CHINA" problem, I have been aware forever of this 'problem', but it often seems that this site is just a CHINESE disinformation site to downplay the truth. The truth of course is that BITCOIN has made 1,000's of Chinese rich, but mostly by scams, even todays Alibaba scams people on miners that don't even exist takes orders and collects fee's that will never be returned, as the miners ( and graphics cards will never be shipped )

IMHO the real turn was Trumps Tariff's, that seems to have turned the attitude of always giving the west, the benefit of doubt, which is why I suspect that CORE won the last battle(BCH), but you aren't going to win anymore battles. It's clear that CHINA is now going to flex its muscles.  CHINA is going to use its monopoly advantage.

Your partially right, but like the blind men with the elephant, sort of wrong.

COAL is a major problem, but the real problem is historically in CHINA from the begin the miners were near HYDRO, but in recent years everywhere here in ASIA, the rivers are running dry
In order to keep these miners running, and remember we're talking about the equivalent of entire country of power wasted like say Argentina, in terms of powering these BITMAIN miners that burn 3,000KWH each, and they can be lined up to the moon.

Something has to be done, in order to mine bitcoin do we kill everyone in CHINA with smoke from coal??

I know the BITCOIN community don't care about human life, they only care about HODL, and mis-information and lies and get rich quick.

The CCP has to make a decision, they go slow. Jack Ma owner of ANT ( all hw & mining ops ) is under house-arrest, CCP has taken over in the coming months we'll learn what they intend to do with the BITCOIN "PROBLEM".

Funny that any of you would want to 'lock' this thread so early, I concur this question has been asked 100's of times a day on this site, and the answered as well, but this is the first time I have seen somebody ask for a lock on this topic, obviously this OP hit a nerve.

The MUSK purchases were insane,

The China deal is super funny "Who could have known that China owns all the mining on earth?" Sheesh, you people crack me up

Want to make money going forward on Bitcoin, have a fly on the wall in CHINA and know the next region where the shut the power down on miners, and invest right before on Canadian BITCOIN-ETF funds, I think this is why we don't see these funds in USA, but CANADA is super close to China easy money.

Of course like they say "buy on rumor, sell on news", nobody knows when CCP will shutdown a mining region  in advance other than insiders, and whose is to care about 'insider trading' in Canada, I suspect a good thing is to have a VIX for bitcoin-canadian etf's and watch it close

...

IMHO the BTC power problem in CHINA is why fee's sky-rocketed, but the real problem with price collapse is that we entered a bear-market on high-tech almost two months with the collapse of many large hedge-funds, lots of people bought into BTC the last six months, and everybody needs cash to cover their margin-calls ( 100's of billions ), which is why GOLD is down, and now BTC is down

Once BTC is down 20% like now, then all of MUSKS gains and other CEO idiots gains are at risk, so "SELL"

You haven't seen anything yet, in the coming days & weeks it will be a bloodbath

Will it return like it always does before, it all depends if truth be told that BITCOIN is a criminal worldwide operation, or if the LIARS will continue to dominate the media?

In China, people are fed up with MUSK. In the USA much of the elite are almost fed up with "WOKE", once CNN is pulled down, and the liars at MSNBC are culled, and the news media starts telling the truth about BITCOIN, and how its just one big China collusion with miners, exchanges, ... the ski will fall.

On the other hand, if pumpers&dumpers are convinced there are more suckers to rob, then the PONZI will continue.

It's clear that the robinhood skimmy-check folks have moved on, which is why now DOGECOIN has made people rich, and BITCOIN is a loser game.

I recently was playing on the e-toro site and clicked 'register', the first thing that came up was a warning, "80% of all traders lose 100% of their capital in the first month"

I was only interested in learning about the exchange and one time purchase, I have no interest in trading, as I well know that the 'fees' will eat you alive, even if your are correct on 50% swings day-2-day, everytime you enter&exit trades there are fee's, and when you go to cash its $30 or more to send $1

Trading fee's eat you alive, the 'exchanges' are all setup for people to day trade, not HODL

The average bitcoin sheep have 0.05BTC, which is $3k; U trade and that BTC will go zero super quick. At least with HODL you can watch the value rise, but seriously people should take profits when they're there, that's what pro's do, they don't sit and watch the money go up and down

I suspect that smart people are those who sell out on the high and re-enter on the low, and they really see nice gains.
..

The real problem with this OP is that this is the only purpose of BITCOIN, as BTC lost its way years ago, and now is only a toy used by fools to get rich quick.

Like somebody said here, "work hard", "save money" and 'invest' that's how you get rich. 90% of great wealth in the past 200 years in the West was made in real-estate, nobody gets rich in trading except the house ( exchanges, gatekeepers )

...

Mining BTC is impossible, finding a bitmain s-19 ( 80ths ) is impossible, if found they're $5k or more, most of the miners on the market at 5+ year old s-9's that do 20ths, that are used and broken, and still they ask $2k ( all is china in btc mining )


If you must mine, then mine ethereum where you can make $25/day on a few graphics board, using very little electricity; But this too is impossible for newb's because graphics cards, like good ASIC miners, are either over priced, or not to be found

...

Lastly, if you want to make 'money' right now, get the hell out of BITCOIN, its going down.

JP Morgan long ago said "Its easy to get rich, but hard to keep your money"

HODL is the best way to lose all the money you made, if you ever made any.

A $1,000 invested in DOGECOIN a month ago is now worth $50k, chew on that bitcoin losers.

Don't be so sure. I can remember when cabbage-patch dolls and pet-rocks were the rage, and made people rich. Now the subject is mute.

The cost of entry in CRYPTO is zero. Bitcoin open source means there will be more than 21M clones, some say we now have 9,000 clones, where will this end?

What is known is that at 7 transactions/second approval btc can never be used for business, how about store of value, nada also because gov's intend to black-list high-value addresses that don't have KYC association. Today's fee's of $30, to send $1, means that BTC will never be used for small transaction.

IMHO as a math-physics person, who has written math-crypto software since the 1970's, our present day crypto will be looked back in the future as bullshit insanity era. Sure we know why it took-off in 2010+ because the USD coming out of 2007 was shit. We know why the IMF-BIS created BTC&Satoshi, because they didn't want USD to flow to gold.

Now the reset is here. The GOV crypto will not be 'crypto' that can be mined by the public, it will be just like we have now digits on a computer.

The OP says 'fiat is behind' us, FIAT means wealth pulled out of your ass, and people are forced to use by the power of murder (gun/nuke); The new post-reset digital currency China/IMF will still be FIAT, pulled out off the IMF-BIS arse.

I think at best 'bitcoin' and clones go the worlds morons on the digital-asset train, and now the world-government can be the conductor and take you places.

Sure paper-cash is behind us, the new CBDC coming out of the reset is designed to become worthless if its not spent in a short time-frame. IMHO the OP doesn't know what FIAT means.

The originals BITCOIN community understood 'scarcity', they understood the Gold-Standard, but our world-gov, and politicians want & need FIAT-2-Infinity to run their toy democracy's. They have the gun's.

I don't see any of the worlds dictators stepping forward and offering MAFIA style 'protection' for bitcoin. Until then btc cannot be FIAT.

On the other hand in the future all trade on earth will be done with IMF-BIS digital-cash, and if you want to eat, you will play along.

WRT bitcoin, the future of BITCOIN is no future, because BTC has refused to embrace privacy, and it got in bed with COINBASE it means that future exit of wealth from BITCOIN to real privacy coins is impossible, or even gold for that matter, as with COINBASE(IRS) all is tracked.

In the future we will look back at USD cash in hand as "The good old days".

BITCOIN smells like a CULT, its ran like a cult, and its marketed like a cult. The deceivers are in charge of all operations. Take CHINA for example, the deceivers talk of 51%, but then change the subject when you say "+67%" of all BTC is mined in CHINA, Mining is how blocks are created, mining  decides which transactions go into blocks, with the KYC rules and black-listing, the future will be a place where if your address isn't in a KYC database, then the BTC at that address will be worthless. You will be given a short period to report, then all coins will be considered 'tainted'
Thus BTC doesn't have much of a life, and it certainly isn't 'a long term store of value'

On the GOLD subject, GOLD has never gone to zero in all human history, but ponzis and scams and parabolic rises always revert to zero. It's the nature of mass insanity, tulip, south-east, or east-india company

All of the BTC narrative pushed by the deceivers is based on LIES, there is not a single truth pushed by BTC believers, nada nothing. They deny everything, which makes me think that 99% of the narrative-pushers on this site are 'bots'. You point out the flaws in BITCOIN and the bot algo just say 'hater' when negative sentiment, and 'hodl' when positive sentiment. You ask a serious question, and your told to go to the beginner section, to be re-educated and fed bile.

Moving forward? No, but its clearly running out of steam.

There are dozens of serious problems, but the most serious are these two.

1.) We were told that BTC would make 'our own bank', it turns out that ingress/egress is through coinbase, which is the IRS; This is a dead end for BTC.

2.) We were told that BTC was private; The bitcoin-core refuses to make BTC transactions private, they keep the addresses public, and all history, this is so GOV's can black-list all high-values addresses that don't have proven KYC files attached.

Given 1&2 above, and given the fact that early adopters came to btc for these reasons, then the only reason to stay is to MAKE MONEY, or better said "Ripoff people".

Now BTC is at $51k, its was up to $65k on some exchanges, $54k is -20%, so now we're at -25%

A sustained down of -20% is the legal definition of "Bear Market" get over it. Live with it. Sure HODL on or buy more, hell buy the falling knife, sell your house and car, and buy BTC on the way down,

Like I have said all along, it was the MUSK billionaires who sent BTC from $20 t0 $60k in the last six-months, not the geeks with stimmy-checks, they're over on DOGECOIN

Now MUSK & billionaires MUST take profits before all that money evaporates.

Given that CHINA owns BITCOIN, and MUSK with his $1.5B purchase drove the price, one can say that much of the corporate USA loss on BTC investment is just easy money transferred to China.

One mans loss, is another mans gain. In this case with +67% of all mining done in CHINA, they own BITCOIN.

MUSK was a BIG believer in China, but now with the people jumping on his Teslas, and his reaction, MUSK is seen as a pariah in CHINA for what he is, also in CHINA while the USA buys the bile because USA media peddles bile, in CHINA the people are aghast that he says "The Tesla that crashed in Texas, was NOT on autopilot", Chinese people see this as an assault to their intelligence, maybe for the USA the USA people are a nation of idiots in the eyes of MUSK, but in China with the single child policy of 60+ years, everybody makes sure their kid gets the best education, unlike USA where everybody is fed WOKE bile, in lieu of education.

BTC dropping like a rock, or reverting to the mean, is not a new problem, easy to go from  $1 to $100, wasn't likely to go from $6k to $60k, but now stimmy checks are kaput, and the USA corporate balance sheet is crap. The single reason that MUSK, and dozens of other CEO's parked their corporate cash into BTC is hoping they could show a profit on their books. Not unlike GM, back in the day GMAC made morning money loaning its cash, than they did making cars, until they figured out that nobody was paying that money back.

Classis MUSK was John Delorean, who spent 100's of millions of company cash on Cocaine, so he could keep his car company afloat with drug sales in USA urban crack zones.

The entire BITCOIN narrative is now public, everybody knows that 100% of the BITCOIN 'story' is based on lies, there is not a single truth propagated by the pumpers & dumpers in BITCOIN land.

Just like USA today, where liars rule the media, here on BITCOIN liars rule the narrative, truth doesn't make you rich. But if your eyes are open, the truth can keep you from losing all your money.

Even the inventor John Pollard regrets this name, this tech is some 40+ years old. Originally is was called Pollards's Rho/Lamba method, where Lamda is an upside down Y

The notion was that two different searches converge on a common point, leading to the end goal

Then historically Pollard was reading 'national geographic' on a story about kangaroo breeding in Austrailia, and decided to call lambda-method the Kangaroo method, it is complete bullshit, there is no abstraction or moral equivalence, or equivalent thinking here

Long ago, they used to call this crap baby-step/giant-step which is better, it all come out of the same people

The principal IDEA of Kangaroo is they HOP, they HOP BIG ( giant step ), they hop small ( baby step ), you jump around the finite-field ( your prime space, a big number )

Originally they kept all the hop history in memory, but of course that restricted the search, think 2^256 is 10^77, which  is all the electrons in the universe, impossible to find this memory

So they came up with a method that didn't require lots of memory, which is this method the 'kangaroo' or 'lambda' method.

Jump around the field space, and if you find a Disctinct-Point you record it in memory, and you have 100's if not 1,000's of processes doing the same, if later another process hits that special-point, then all the kangaroos follow that point. So a DP is the 'Y' where the two top lines converge to  make one.

Now the problem with DP is its not the real Lambda Point its just a special point, defined as you wish, sort of like mining bitcoin, where difficulty is set by the number of leading zeros on a hash, here the DP is the special point defined much the same way, its just a unique point that all processes can agree on; it doesn't mean that this is the true point of convergence, just means that its a "Point of Interest", randomly defined by humans. Under their rules.

So kangaroos hop around looking for a DP in giant-hops, and if a DP is found, then they incrementally search that point forward;

The problem with the Lambda method is its restricted to a tiny subspace of the field, if your doing btc which is 2^256, the jean-luc kangaroo algo only lets you choose a 2^20 field of view, so unless its a 'made up puzzle' problem in that 2^40 space, the likelyhood of solving the problem is zilch

Most success in ECDLP has been in Pollard-Rho, like a '6' character you following the tail until find the point of entry into a circle, but this method requires memory storage, but this method only works on TOY problems because there is not enough memory on earth to store the history.

"Satoshi hasn't touched his coins"

I think that simply isn't true, another one of those BITCOIN urban myths that doesn't go away. ( There are dozens of these blatant lies and/or falsehoods propagated by the believers )

5-10 years ago there used to be 1,000's of high-value +50BTC addresses that were pristine that led back to Satoshi pre-mining era, that also included the public-key ( pre 2014 ), just a few months ago there were over 900, now less than 900.

I follow this closely, because my hobby is to hack bitcoin public keys using elliptic-curve pairing&endomorphisms ( See Silverman , elliptic curve arithmetic), I think in 1-2 years all the original Satoshi pristine addresses will be depleted.

But carry on with this myth that BTC has never been hacked, and that HODL is 'forever'

...

It is common knowledge that NakamotoSAtoshi is NSA, and its a FACT that SHA-256, and SECP256K1 were developed by the NSA, which means they have the backdoors 'keys'

In 1997 the IMF-BIS published a 'white paper' called "How to make a digital bank", in 2009 Satoshi published the same paper, but failed to credit the original. Why did the IMF do this, many think to prevent excess US-DOLLARS from flowing into Gold.

Why did NSA release the software into the wild? They just wanted to see how long it would take for the public to crack Sha-256, and SECP256k1, once they're cracked then the NSA will tell USA corporations to use SHA-3/SECP512K1, ... Like Carlin said its a game/club, and none of you will ever be members.

Given that today CHINA owns BITCOIN, by virtue of the fact they make the hardware, and most  mining (+67%) takes place in China, the question begs to be asked? Why China? Cheap labor, last manufacturer on earth, cheap smart engineers, this century is ASIA, the last centurys were the West.

Once upon a time there was an 'Illuminati', today the club has been disbanded. I guess you could now call it Bilderberg, or DAVOS, IMF, or BIS today, as Hillary would say "What difference does it make"?