Another one bites the dust. As previously disclosed, the Company’s operating performance and liquidity have been severely impacted by the prolonged decrease in the price of bitcoin, the increase in electricity costs, the increase in the global bitcoin network hash rate and the litigation with Celsius Networks LLC and its affiliates (“Celsius”). As a result, management has been actively taking steps to decrease monthly costs, delay construction expenses, reduce and delay capital expenditures and increase hosting revenues. In addition, the Board has decided that the Company will not make payments coming due in late October and early November 2022 with respect to several of its equipment and other financings, including its two bridge promissory notes. As a result, the creditors under these debt facilities may exercise remedies following any applicable grace periods, including electing to accelerate the principal amount of such debt, suing the Company for nonpayment or taking action with respect to collateral, where applicable. Any such creditor actions may result in events of default under the Company’s other indebtedness agreements, including its two series of convertible notes due 2025, and the potential exercise of remedies by creditors under such agreements. https://www.sec.gov/Archives/edgar/data/1839341/000119312522270236/d395956d8k.htmFuck these centralized fucking farms. Maximally merited (yeah I use the system as intended because I am a chump) for truth. Now trading as CORZ-lite (down to less than 20 pennies). I will be watching them now, though...if overall environment changes, sometimes formerly 'dead' companies' stock is revitalized (wallstreetbets and GME & AMC?) |
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He probably forgot humans have legs.  On lawyer's suggestion, lol. Much less litigation since if you don't have legs, then you can't have something in between them, hence, no "funny" user behavior in the - verse. This is just SO funny. |
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The 'scrumptious babe'..."what I am going to do with all those bitcoins"? PS sorry, not me (re 2025) |
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Treasury bond buyback (apparently starting by May)---> DXY decline--->bitcoin increase, imho.
Look at that pound vs $, lol
We might be up for a 3-6mo bitcoin bull run aka Spring-Summer 2019.
Went up from 4K to 13.8K back then.
Similar % move here would be 65K, which might be a tad high this early in the cycle, but 42-45K and even just below 50K is possible (I believe 61.8% fib would be around 49.3K).
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First episode of Peripherie looked damn good.
Peripheral? just making sure Yep, post fixed.  Thanks, will watch on the weekend. |
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First episode of Peripherie looked damn good.
Peripheral? just making sure |
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OT: I vote...so...a simple US based story.
Always trying to vote early as I dislike lines on election date.
Not every state is the same, but here is how voting occurs in mine (cry or laugh):
1. You give them your photo id, then after signing some form to confirm that you are, indeed, the "guy", you are given two strange looking sheets (made of plastic?).
2. You suppose to proceed to a voting machine and insert the first, but not second sheet in it (before voting).
3. Then you proceed clicking/touching (touch screen) on a 100 pages one by one (only one choice per page!), while crouching over a screen that is properly positioned for people that are less than 5ft tall.
4. Then you "submit" and your plastic page disappears into machine, then comes out at which step you suppose to yank it out and stick in the second sheet.
5. Finally, you yank out the second sheet and then move to yet another machine and feed your two sheets there...at which moment you "voted" upon "submit" command or something like this.
TL;DR the whole system is made to be incredibly time consuming and overall bizarre. I cannot imagine how people will manage on Nov 8.
One disappointment is that this year there were only a few libertarian candidates. I guess that party is not competitive at all (in my state).
..man..this should be done by any other method, but this.
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we live in a dream
where the success of bitcoin
already happened
#haiku
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Had to sell a smol amount for end of year bills and expenses.
Now it will go up.
You're welcome, WO.
Breaking. It's going up anyway because bitcoins CEO decided to increase its price.  Finally...took him long enough  |
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Is that what you are going to do when your 20 BTC are worth $200 million.. ? Maybe 10 years, but maybe longer than that? Gosh can we expect to live until we are 85 years old? Hopefully we can spend some of it along the way... and we might not need to accumulate that much.. I mean it might be o.k. to just start to draw from your bitcoin when your stash is around $2million to $10 million rather than waiting until it is worth $200 million.. at least seems to me. There seem to be pretty solid strategies that any of us should be able to employ in order to not worry about drawing from our BTC along the way and still be able to continue to allow our BTC to grow too.... Yeah...maybe. Sounds like an interesting goal to pursue. |
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1993- world wide web became royalty-free (thanks to CERN's decision, btw)
1994-Yahoo and Amazon started
1998-Google search
Conclusion: apps developed pretty fast
2009-bitcoin started
2017-first lightning tx
Nothing else in the app layer really.
I am not criticizing and I know of all fight that we had to go through, but apart from lightning, I don't see much development in such apps, albeit 13 years had passed.
Tl;Dr it is not the same and, imho, we should focus on what bitcoin does best (trustless value transfer and a store of value).
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Imagine being asleep since Dec 10 2017 (5 years minus less than 60 days). The price is almost identical. That probably was the LEAST expected outcome back then, right? No one was predicting it. My point is that we have NO idea where the price would be in another 5 years. Another 19184? That would be crazy. Hoping for a 500K per btc. To me, this story is inspiring: https://www.marketwatch.com/story/this-musician-retired-after-making-170-million-in-the-stock-market-now-hes-sharing-his-secrets-11666293074TL;DR Musician on a relatively modest salary makes a lot on investments (over 40 years), now he is old and sick at 85 (started investing in his 40ies), but donated more than $105 mil to clinics, universities, schools, etc. |
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Interesting... TL;DR 1. There will be high nominal growth rates caused by capex and re-industrialization. Government-directed investment and credit guarantees would proliferate (EU especially). 2. Wages will rise. 3. Don't invest much in bonds as bond yields might become controlled (bonds yeilds will be below nominal growth). 4. Homeshoring and/or friendshoring. 5. It will continue for 15-20 years and then we would have real stagflation aka 70ies. 6. Due to nominal GDP growth, debt to GDP will decline. 7. Thinks that main areas of investment will include moving production back from China, energy, defense, climate change and inequality [not sure where is investment there?]. Therefore, it's mainly a capex boom. |
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A decent movie I saw last week at home was The Outfit with Mark Rylance. Worth a watch if you like the sort of Alfred Hitchcock stuff.
Interestingly, I also watched it last night, very nice acting and NO 'special effects' for a change. I liked Mark Rylance acting in the Wolf Hall show where he brilliantly plays Thomas Cromwell (chief minister for Henry VIII), from 1520-30ies. |
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I have no idea why there has been a tremendous influx of pompous, loud-mouthed newbies, but can I assume that Bitcointalk's new-registration activity itself is a good metric for how Bitcoin adoption is doing?
Even our little island has been invaded... with some bizarre posts, no less half of the time I don't even get the main idea or direction. say, maybe it is being used as a training platform for various AI-lites? I had that feeling before, but was wrong back then, perhaps. |
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6mil in 2026? Too soon, bro...it would mean some kind of a hyperinflation incident.
Not a good vibe...1/10 of it at 600K...this could happen "naturally" without a big mac costing $50.
Still, my cash (good ol' money market in the ret account) had positive return this year while bitcoin, SP500, gold, bonds, ALL cratered.
I have that mm account to counteract bitcoin volatility..and this year it truly worked.
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Anybody here tried recently to sell some RE? I would like to hear a story if you have something to tell. With mortgage interest rates at a 'shocking' 7% about a year after less than 3% there has to be some major slowdown (at least). Will prices also drop? I would expect so, but inflation might prop them up a bit, paradoxically. EDIT: apparently, I spent 4 mo of my life on btctalk....gawd...I blame it on not logging out |
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