In 2022 more than 35 countrys were setting the internet offline - in a minimum of 187 cases. Regional and national.
Some people think and market Satoshi Nakamoto was solving the "byzantine generals' problem" by creating Bitcoin. But this is not true.
In a continental and global conflict (war, repression) it is possible to put a lot of people - billions - off the internet. And also natural desasters like solar flares can do harm. The solution of the "byzantine generals' problem" is not an electronic or internet solution.
But:
It is very interesting to see, that a lot of blockchain developers are working on offline blockchain solutions!
Back when I was a kid in the 60's there was a project called "Radio free Europe" https://en.wikipedia.org/wiki/Radio_Free_Europe/Radio_Liberty. It is still around look above. I would think that EFTbitcoin's idea of using a satellite for internet or blockstream could fall into this idea somewhat. So the restrictive places in the world would still have some access to BTC and other coins.
|
|
|
Most likely once the Ordinals trend starts to fade after the Binance listing, the transactions should go down. This has been happening all year. It has its spikes but eventually people get bored of Ordinals and just move on to something else.
Probably 2 more weeks of this and we should level out. If you need to do a transaction try and get it done on the weekend, most likely you will be able to get a 25sat/byte transaction there, so if you got a segwit address it shouldn't cost too much.
Yeah those looking to drive fees high can not afford to do it on a 365 day basis. So they cycle up when ever they can. It is nice to earn the extra coin via fees I am earning around 103% a block vs 97% a block
|
|
|
I also simply don't understand if a mod moved it or if the op moved it.
This post was first made on 3rd October and after that, It was not moved according to the ninjastic tool. I am not aware of any other tool if that can find out who has moved this thread but I can at least get some idea if that post that is being moved is recorded on the ninjastic telegram bot. In the above picture, you can see the post was made but I did not find any notification about this post being moved. Yeah, when any post is moved a notification appears like the following ones: 1: 2: How do I find that if the post is moved by the op or moderators? if the name written in the place of OP is of moderators then he has moved it (on the ninjastic telegram bot) as in the second picture. And if the OP has moved the topic then his name will be shown in the place of the OP's name as in picture 1. note* these are my observations and they might be wrong too. Lastly I do no see why it is in alt coins and not btc.
What am I missing as to why it was placed here.
Could there have been 2 or 3 or 4 other posts in it that very very heavy alt coin based. As I do not see them if they were there.
Well, I don't know who has moved it here for sure in this case because the post's movement notification did not appear in the first place. But after reading this post I think you are right it did belong to the speculation section or in the BTC section. You are totally right, if the OP has moved this topic then he wasted the post of the signature participants but for me, that's not a problem just like you. Yeah I need 40 posts a week and I am over 100 for the week. As I always posted a lot and it never was a big issue to write a lot of info on the internet. The thread he did was very much in tune with my '2015-2017 pattern Is matching current 2023-? pattern thread.' It is why I read it and realized it was moved around quite weirdly. So I asked about it here.
|
|
|
It seems to me it has nothing to do with alt coins.
and it belong in
Bitcoin Forum > Economy > Economics > Speculation
I also agree to this. Signature campaigns will pay for posts in some areas and not in other areas. Sorry, but this is not a valid reason for moving topics. Those wearing a signature are the ones that should be careful making responses in the appropriate section, and that includes reading the contents of the post thoroughly as well as reviewing the section. Yep. Even more, those wearing signatures should expect that topics can get moved with or without good reason. The post was moved by the OP Well, since OP is banned (at least that's my bpip extension shows), maybe a mod could fix this (and move it to correct place), please? I agree moving a topic to a section that helps you gain signature money would be wrong. But I read it and was confused as to the place it settled it. Was actually not a bad topic for economics /speculation as an aside how was he banned?
|
|
|
I did not imagine that Ordinals and BRC20 tokens would receive such interaction, but last time, Bitcoin network needed about 5 days before fees returned to normal, so high fees are not a permanent problem.I created this topic last time Delay your Bitcoin transaction for this week| Volunteer campaign if you are not in a hurry, postpone your payments for this week, and I am sure that within 5 days everything will change. Future solutions: Use Bech32 addresses. Use wallet that support RBF. When fees are low Fees not low! Wait for opportunity to Consolidate your small inputs, consolidate all of your previous transactions into one income. Use the Lightning Network for everyday payments. you are very optimistic if you think high fees are not a permanent problem. high fees will occur over and over and over see the pattern below:
it will repeat over and over and over. there are many groups of people with a vested financial interest In having btc fees sky rocket.
|
|
|
https://bitcointalk.org/index.php?topic=5469077.0the thread was moved two times and is currently in Bitcoin Forum > Alternate cryptocurrencies > Speculation (Altcoins) (Moderator: mprep) > September didn't follow its bear cycle It seems to me it has nothing to do with alt coins. and it belong in Bitcoin Forum > Economy > Economics > Speculation I ask this for a few reasons. Signature campaigns will pay for posts in some areas and not in other areas. I make lots of signatures and I am always well past what I need to be but if you are in a campaign that does not pay for alt coin posts this move cost you as it now resides in alt coins. I also simply don't understand if a mod moved it or if the op moved it. Lastly I do no see why it is in alt coins and not btc. What am I missing as to why it was placed here. Could there have been 2 or 3 or 4 other posts in it that very very heavy alt coin based. As I do not see them if they were there.
|
|
|
Going back a full month, in late August or early September, many people on several site and on the cryptocurrency Twitter were suddenly very vocal in saying that September was bound to be bearish for Bitcoin because the previous two had seen significant dips and because September is simply historically one of the worst performing months for cryptocurrency. But this time was different: Here, we can see that despite the lack of significant bullish news, with the possible exception of the release of the Ethereum ETFs, September did close a full +3.9% higher than August. Even so, with such low levels of liquidity as they are at the moment, we don't need much news to impact prices. In any case, this is yet another example of how previous performance is not a guarantee of future performance. While I personally believe that the past will always and forever be a part of the future, many people simply have a tendency to anticipate the future and base their financial decisions on the past, which I believe to be reckless and nothing more than gambling. While history can never be exactly the same, it does frequently rhyme, therefore this does not mean that we should dismiss it entirely. The past, present, and future must all be balanced, and we must pay attention to both the past and the present as well as the future. Why is this BTC thread in alt coins? It looks to me that this should be in economics and not here.
|
|
|
Seems like 35/36k is a roof until now.
Liking this action consolidating at $35k. Let us not rush things. Sideways it is for another day.
|
|
|
I think you need to create a "Didn't I Tell You Again" series. Because if you drew a chart every day, it's quite possible that one of them was accurate, and that doesn't mean that you suddenly become a trading guru and the prediction "$178,000 in Oct-Nov of 2025" is worth anything especially since it seems to ignore everything except 1 parameter which is Bitcoin's halving cycles.
@ImThour has made predictions for the past two years on the forum and you can search his post history. This user shares his experience and I think his predictions are good compared to the real price, or at least what he does is based on technical analysis and not just speculation or false guessing. I hope he continues doing this for as long as possible. by 2037 or 2041 they will be equal and this will be the end of the 4 year cycle
Can you guess an approximate price for this? Will it be $600,000 or less? I have my methods mostly using mining as a foundation that acts to stabilize the lows of btc price. if you use satoshi's watts turn into wealth concepts. sha-256 mining of BTC is about 15 usd in coin for 84 kwatts or 17.85 cents in earnings for a watt of power if you have the best gear the Bitmain s21 scrypt is $12.60 for 74.40 kwatts or 16.93 cents in earning for a watt of power. Using the L7 My gold standard is cents earn per k-watt spent.now above it looks like BTC is better but btc is facing a 1/2 ing soon and I used a new piece of gear the s21 which is not really available and scrypt had its 1/2 ing and I used an older piece of gear which has been around for years. So the standard of cents earned per k-watt favors scrypt not btc. Its only 1 factor but to the huge miners with 20 megawatt farms or more they look at this shit. so there is a pressure on BTC and sha-256 mining from LTC/Doge scrypt mining to me as a miner my fix for this is own both L7's and s21's It's different for a buy and hold guy. I keep pushing BTC in the short term by that 1-10 years. But 10-30 years LTC/Doge looks better. I still think we could see a very surprising uptick this cycle for btc maybe 500 k by dec 2025. But in the future 2032-2042 I see miners shifting to Ltc/Doge
|
|
|
in a nut shell why can black turn up on a roulette wheel spin 20 times in a row? rare but possible.
longshots come in.
|
|
|
Presently, should we say it's good the way bitcoin its been tied to dollars? Dollars is not backed up with any resources but to my understanding, bitcoin is a product of great energy surge. We shouldn't let bitcoin tied to dollars but bitcoin standing on its own. What could decide the durability and value of bitcoin? I have some ideas..
The USD is backed by one of the worlds largest armies. Bombs jets ships etc. For now the world is still banking on the USD as the premium money. Now do I believe the dollar is well managed by the USA government no I don’t The USA has not made budget in 20 plus years in a row.
|
|
|
yeah lets bitch slap buddy a bit for not passing 36k last night.
|
|
|
Will it Hold? BTC Targets $40,000
To be honest with you, we don't know if it will hold or maybe the best term is if we will touch based that price this November-December. When you check the October 2023 Non-Farm Payroll data you will notice Without a doubt, the bulls continue to dominate the market as the Bitcoin price surged to a new annual high of $35,400. Given that Bitcoin miners control 10% of the total BTC in circulation, their trading actions have an impact on the BTC price. Indicators presently suggest that BTC miners have adopted a bullish attitude during the week, and if they continue to accumulate rewards, we might witness further gains up to $40,000.
But in any case, there is a good thread to read about by @philipma1957, back in 2015 we had a nice pre 1/2 ing streak. He put some numbers in their based on the past historical logs, you might want to check it out. And see if it matches your prediction and others members. And as you have said, we need to continue to accumulate, just to be ready for the next block halving and the bull run next year. nov 30-dec 1 42k dec 31-jan 1 48k and profit taking in jan 2024 down to 40ish if we stay with the 2015-2017 pattern.
|
|
|
I am a 20-year-old student. Not long ago, I heard a famous cryptocurrency expert in Korea on YouTube. He said, "Bitcoin investment seems to be late, to be honest. I'm sad, too. I think 2018 was the last chance for ordinary people." This makes me feel depressed. That expert started investing in bitcoin in 2013, and he encouraged his acquaintances to invest in bitcoin, but at that time he said everyone thought he was crazy. Honestly, as an ordinary college student, the price of bitcoin now feels too much to buy.. If it's the price of the early 2010s, I might have bought it through a part-time job.. I'm so pathetic and depressed because I didn't know Bitcoin quickly. What should I do? Okay 2018 3k or 4k at the lowest. we are 10x that now. we can easily do 10x maybe 20k before 2030. just buy via dca and do not look at it for five years.
|
|
|
Try to keep making posts. Maybe you can get into a signature campaign. You could earn all that btc back😀
|
|
|
In other words, it is only towards the end of the cycle that it is possible to understand more clearly what % we will end up at. Did I understand correctly?
Correct, you can think of it as a football match, if team A is leading by 2 goals at minute 10 team B still has 80 minutes to come back, whereby at minute 80, their chances are a lot less, so the closer we approach the end the better the prediction is, because difficulty just like a football match is only over when it is over. In fact even the last single alone could in theory bring the pace down a large percentage, just imagine for some reason we get a world wide internet outage for 24 hours, even if all previous 2015 blocks took 10 minutes on average to finish the total time now is 21,590 which would result in roughly -7% adjustment, but the chances of one block taking 24 hours are pretty slim, whereby the chances of 1000 block taking 1200 mins instead of 1000 mins are higher. We have had some very long blocks over the years. 2 hours comes to mind vs 10 minutes. but if block 1 was 10 minutes and block 2 was 2 hours we would be at 2 vs 13 which is maybe -85% rate. but if we are at 1999 block exactly on time then 2 hours we are 2000 blocks in the time for 2011 which is -1% same two block but much less effect. I want to say we once had a four hour block but I may be wrong about that.
|
|
|
Bitcoin has always and will probably always run on a 4 year cycle. You don’t need fancy charts or trading methods. Historically speaking you just needed to buy in 2011, 2015, 2019, 2023, and sell in 2013, 2017, 2021, & soon 2025. It isn’t brain surgery and there’s no need to try and overcomplicate it. It really is that simple.
I disagree with this. We see a reward to fee ratio changing bigly. 2009-2012. daily rewards 7200 btc daily fees 40 btc 2013-2016 daily rewards 3600 btc daily fees 47 btc 2017-2020 daily reward 1800 btc daily fees 22 btc got lower due to LN 2021- now daily reward 900 btc daily fees 36 btc 2025......... daily reward. 450 btc 2029........ daily reward. 225 btc 2033......... daily reward. 112.5 btc 2037........ daily reward 56.25 btc should be equal to fees 2041....... daily reward these ratios are changing. by 2037 or 2041 they will be equal and this will be the end of the 4 year cycle
|
|
|
Hello! I have 5 avalon psu3300-01 and in all of them, the chassi led blink 2 times green light and then red solid, and the led in control board is green.
The 12v from the Miner control cable harness is ok
I have shorted beetween AGND and SETUP and during the turn on using the switch of the power supply, it delivers 13.5v but that goes out when red light appears.
Can someone help? Already replaced with new fans and no solution.
okay take 1 of them. put it a case with no hash boards. just the controller and the fans. see if the psu works. if it works your issue may be shorts in hash boards. so go to the working model add 1 hash board and see what happens. I assume you know you have to feed 208-245 volts to the psu. get back to us after you do the controller only test. get back to us after you do the 1 hash board test.
|
|
|
Don't buy exactly at $35k unless you are a long term investor because we are at a stage from where price might either increase and take a leap or else if it was a trap then there would be a correction phase then it may drop slightly and then will take some more time for price to start increasing once again. You may set up a certain target above $35k let's say $36k and once Bitcoin crosses it you may enter and set up stop loss and take profit accordingly in case if you are not a long term investor as there is nothing like entry price for long term investors except he fact you should be entering at ATH peak value during bull run which is yet to be achieved this time. Plan it as per your requirement and what's the outcome you will be expecting like is it short term profit or long term gains and then take a call.
If we think if the price of Bitcoin rises and are able to reach $40k or go bullish, why not buy at $35k? It is just similar to buying them at $31k because we believe that it reach $35k. People usually get wrong about investing as we think about the negative rather than thinking positive. Most of the time the suggestion is to wait for the correction but it is wrong because what if there is no correction starting today and the price keeps on climbing, it is totally a regret. Buy low --it doesn't mean that we always have to wait for the price correction and dump before buying. Its pretty simple either buy and hodl. Or sell and leave the coin. Btc will either rally past 70k or it will start to fail. If you are afraid to jump strong in just do a dca. If you think it won’t rally to a new alltime high bail and leave the market.
|
|
|
Hallo people,
I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?
It would have been nice if you posted again. Frankly I sold some at 35k. And I ended my 1 year dca. which began at about 16 k last nov. I still earn coins via mining and my signature. I decided to stack and hodl my signature earnings
|
|
|
|