Even though some people will argue that Bitcoin was not created primarily as a means of investment, it has become obvious that Bitcoin presents a good investment opportunity. Many people even use Bitcoin as a hedge against fiat is plagued by inflation. One aspect that have created much argument is real estate with many saying it is more reliable than Bitcoin that they claim is risky.
Satoshi Nakamoto did not create Bitcoin as an asset against fiat currencies or central bank digital currencies CBDCs or investment asset. Initially it is designed as a peer-to-peer electronic cash, that's it. That is the most basic we must know and if Bitcoin loses this usability, it will no longer interested. Other usability of Bitcoin is like derivatives that blossom with time and with more adoption for Bitcoin, we will see more claims on more new usability in future. Actually it was designed to turn energy into wealth. Hence POW. you could use it to move that wealth P2P or you could hodl that wealth the reality is more hodl is done at least 50% of all coins are in a state of hodl. Maybe only 20% is moving p2p on a regular basis. |
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What a weird market..
Of note: all those main street economists posting random numbers possibly don't have a clue.
Why?
in the summer of 2017 when bitcoin briefly dipped below $1000, NOBODY have said that it would be $20k few months later.
In October 2022, NOBODY said that NVDA will be 350% higher in a few months.
TL;DR Nobody knows anything about the future.
Yeah but I am prepped and ready for up ⬆️ down or sideways. |
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~. You think the problem with lightning is to paying a couple of dollars to open up a channel? Because I think it's rather the technical experience you need to possess with running a node, maintaining your capacities and backing everything up perpetually. No, and this is why probably we have a disagreement! It's not the sum it's the quantity, even if you would have people opening a channel every 3 months and closing it 9 months after you still need the blockspace unless you opt for centralized solutions. With the technical experience, I'm a bit less concerned, every single day that passes a new generation becomes the majority, far more technical, far more willing to explore this, if we look at the median age probably it looks to them just like setting up core was in 2010 to the generation without smartphones Since I remember myself engaging in conversations with you, you've consistently pointed out the negatives, which is not inherently wrong. But, do you have any constructive suggestions to improve the situation?
Yeah pretty simple one, raise the block space in steps by doing a 4x by each havening, allowing both transactions on the chain to go by with 1-2 sat byte, reach a million in capacity, and leave enough room for another thing, from LN to consolidation unlike things are now, Bitfinex did one consolidation that with their hot wallet and they've dumped 10 blocks of transactions, one and a half hour of capacity! I'm not advocating for only on chain, not for only LN either, not for blocks containing money or videos but also not for blocks in which one actor can spam it with $1 million. Equilibrium, that's what I'm proposing! Yeah bigger blocks will help. Heck I just grabbed a 2tb ssd for only 85 dollars. I used a free laptop that i loaded linux mint to it. and I downloaded the entire chain in about 20 hours. my net does 200 speed tops. I likely could down load in 10 hours with a fast net. Now that I did this new 25 core node I can clone a copy onto a 4tb ssd and then an 8tb ssd. so an 8tb ssd can hold a really big blockchain. Eventually you could load to a large spinner 20tb when you reach 7tb on your 8tb ssd. |
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buddy give me a 26099 sometime tonight.
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I got bored today and did some trezor clean up and new firmware.
Sold my shitcoins and used them set up a BTC stairway buy down to 9k.
I hope you get no buys in.  not even 26112? I also set up sells at 60k 90k 120k 150k 180k maybe someone will fat finger |
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I got bored today and did some trezor clean up and new firmware.
Sold my shitcoins and used them set up a BTC stairway buy down to 9k.
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https://cointelegraph.com/news/bitcoin-needs-ethereum-evm-botanix-founderBotanix Labs founder Willem Schroé argues a “huge amount of value” from real-world assets will be captured on Bitcoin, provided it connects to the Ethereum Virtual Machine.
Mainstream Bitcoin adoption won’t happen until it bridges to the Ethereum Virtual Machine (EVM) — the first point of entry for many real-world assets moving on-chain, a Web3 executive argues.If that's true then it doesn't look for bitcoin. Might as well invest in ethereum... BTC has different use features. It is the premier POW coin. Eth is simply a Piece Of Shit coin No real backing simply an imaginary farce. Run by 1 guy I would love to see him: A) pay me the 2 eth he stole from me when he corrected the first exploit B) admit the con and vanish |
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Luxury watches at the top end of the market can be considered as an alternative form of investment. While I don't possess extensive knowledge about watches, my understanding from available information suggests that reselling them can yield a substantial profit. The return on investment for luxury watches tends to be quite satisfactory. Prominent examples of such watches include Patek Philippe, Rolex, and Audemars Piguet, some of which have a waitlist spanning two years. Most of these watches tend to appreciate in value.
However, the worth attributed to an item is typically influenced by its demand and supply. While I believe that owning one or two high-end watches, provided they are well-maintained, may outperform stocks, gold, and real estate, it's worth noting that their appeal may diminish over time. This is because future generations are increasingly gravitating towards other interests, such as bitcoin and other emerging trends. If given the choice, would you prefer to own a luxury watch or invest in bitcoin, digital assets, gold, stocks, or real estate?
Hi end $25000 watches have done okay over time. My choice would not be a watch or 2 or 3.. Since I do know shit from shinola I would not mind buying a nice shinola watch to wear maybe a $500-1000 range model. As for investment in no particular order bonds,gold,silver,platinum,palidium,real estate ,bitcoin ,LTC and Doge. A mixed bag 💼 works for me. Would make up my portfolio |
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Well, past halving histories never disappoints the ATH stuff. For me the predictability is present but what if we're wrong this time and what if we just experience stability in price and not some ATH? If we're about to see new ATH by 2024-2025 then I'd say we better position right now.
If we go flat mining will leave in droves. A 30 watt miner doing 100th burns 75 kwatts so at five cents it costs 3.75 to run it. it is earning 6 a day. so it makes 2.25 when ½ ing comes it earns 3 and burns 3.5 a loss of 50 cents So if we go flat and hit the ½ at 27k miners will shut down. and “this time it is different” would be true. |
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Here we go, someone who always trying to see a bad thing even it's really small and forget about every good thing.
#1 and #2, what's the difference with robbery who point your head with his gun and ask the password of your credit card/debit card or every assets you have? regardless you hold fiat, gold etc aren't nothing different.
#3 and #5, that's your fault, it's easy to prevent by back up your seed phrase more than one with different medias/tools.
#4, teach them and they will not do that.
Okay so you are confront with a 5 dollar wrench attack. Multiple wallets means they get a piece of your money not all of it. same as I do with me silver I have bullion and it is easy to find it. Hope thief thinks this is a score I will take this and go. |
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phils around here somewhere...
He's busy adjusting the miners up to setting eleven.was at the mine yesterday and we did crank it up a bit 4 new pieces on the way for next week. |
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Oh wow, that's surprising news to me. To be honest, I thought that the Lightning Network was an ambitious but failed project because of not being user-friendly enough, but I was wrong. That is huge growth that shouldn't be disregarded, although Helena Yu's point on how it doesn't translate into growth of the number of users also seems valid.
I was glad to learn (thanks to BlackHatCoiner) that it's actually based on 52% out of the total, so the actual number of Lighting transaction is even higher.
I don't use the Lightning Network, but I don't hate it either. I don't think it's a bad thing for Bitcoin, even though it's an off-chain solution.
I have been talking to a lot of LN Node runners basically they are not fans of what they are doing but they want to do some method to support BTC transactions. As BlackHatCoiner mentioned there are a few other layer2 solutions I will be trying to research how well they work for the ones running them. An LN runner is kind of like a POS for BTC and it is not going to scale and work with interest payments well under 1% a year. At the moment any OG that has 100's of cheaper btc can afford to support it but that is not a longterm method. So if LN really works out it will need to pay about 2-4% to node runners. So that would be 8000 to 16000 a year to a 17 coin LN node not the 400 to 1000 it was paid last year. |
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You can't have security without a mining reward, and you can't have that reward without fees And you can't rely on fees in a network that can only operate in an on-chain manner, because it isn't attractive for the user. Unless you believe that paying $50 for a couple of transactions is sustainable and will definitely encourage people adopt it as currency. I assume you remember our discussions you can't say BTC will become centralized because we need to spend 200$ on some SSD I very much remember myself saying that the burden to run a full node isn't the problem but rather the risk to rip the network apart as a result of consensus failure. Listen, I understand that this forum revisits topics often, but I've reached a point where I'm honestly tired of having this conversation. Here's a sincere question: have you ever considered taking tangible actions to address this? Complaining once in a while won't effect change. If you lack the requisite skills to develop software, have you explored alternative forks that align more closely with your beliefs? you are correct huge fees would suck and harm btc. stompix is correct small fees would suck and harm miners which would harm btc. Satoshi whole theme is turning power into wealth scrypt for LTC/Doge in the long term is better designed to help mining stay viable. Does that mean scrypt will win out over Sha-256 I do not know. And back to topic the biggest LN node had 17 btc in it and generated 30 to 80 a month income for the owner of the node that is an obvious fail. It won't last with those numbers. see below
What's up WO folks. I haven't frequent this corner of the internet for quite some time. The spamming of ChartBuddy sure doesn't help. He need to shut up... I fricking did it though, amboss.space rank my lightning node as #1  The node has a total capacity of ~17 BTC, and is routing on average 0.5 BTC per day. Happy routing! What kind of earning do you get with that size? And how much of your coin stays in the pot? I am curious 👀 because I want to get an ides how easy it will be for bitcoin to scale rewards down the road. The earnings are ridiculously low, considering the btc I stake. I did try to maximize my earnings for a while. By that, I provided liquidity to the LOOP channel, which provides a lightning/on-chain swap service at a very favorable fee for the node who open to them. In order to do that, I constantly have to open a channel with LOOP, since they close the channel once it's drained on their side. This activity would quickly make me run out of inbound liquidity unless I can get lightning to on-chain btc at a cheaper price than LOOP. For that I used Nicehash and Kraken. The increased activity with Kraken got me audited though. They questioned me about the source of funds, even though I've been a customer of theirs for close to a decade. During this time, my earnings was close to 300k sats ($80) per month. Now, after I've stopped this aggressive channel opening with LOOP, it's closer to 100k sats ($27) per month. 6-8 months more at this rate and my hardware investment will pay off. My node is fairly balanced, so out of the 17 BTC capacity it has, 8 BTC or so is provided by me. So, like I said, the earnings are ridiculously low. It's self-hosted though. I don't need to trust my funds with any 3rd part. Thank you for the service you are offering to others as you provide liquidity to many.. But fuck $80 in coin when you have $216,000 staked so to speak is brutal. And the $80 earned was when you were aggressive. Only $27 earned when mellow. I was hoping you were going to say better numbers. P.S. sorry I missed your reply. Now those are the stats from the guy running that node. assuming that is true LN is a fucking disaster 17 btc earning only 30-80usd a month is not viable. Maybe someone can get stats for other 2 layer networks and maybe they are better. But Franky1 will turn out to be correct about LN if LN only make 30-80 usd a month based on 17btc |
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So wouldn’t a 1 board m50 be better.?
You would need 240 volts. You could set it to normal -15 % freq. and 3333 watts.
cause it is 1 board you would do 1111 watts. and the lower frequency setting would drop you to maybe 800 watts doing around 30th about 28 watts a th.
and the s9 does 75-80 watts a th.
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4) you can hide your seed via emails . you send 24 emails to three emails.
each email has some seeds in it
5) my suggestion above in 4 prevents this.
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1+2 are basically the same issue and can be solved by three groups of eight seed words.
Number 3 is always an issue. Even if you put clues 🕵️♂️ in a few spots you can still screw up.
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you need
to realize
1) hiding a 24 word seed in three sets of eight solves that issue.
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write your untouched post
call it untouched post a:
do a double line
have ai clean it up to show both versions
call part 2 ai version.
this covers you and if you do that people may point out why the ai is better or not better.
it would help you learn english and you would gain a better understanding of why a sentence written in english is working.
BTW if you look above I wrote much like the Author James Joyce.
ie stream of consciousness.
If you can do that in hand written and show us that along with the ai cleanup of it.
I would think you would be on the way to posting better.
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When I first read this news days ago I was surprised or engulfed with euphoria because politicians we know when it gets to this stage are desperate people whenever it's time for the polls they can say anything just to get the sympathy and vote of the masses to their camp. However, if he's been honest with his interest and aspiration for bitcoin should he get elected as president God willing, then that would be a step forward for bitcoin seeing him implementing his promises as spoken on the account that politicians can be saying another and be meaning something else different.
He is almost certain to lose. Unless Biden or trump drops out at the last minute. Would be nice to see him shake up economy by actively pushing crypto. |
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