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2121  Other / Meta / Re: Mixers to be banned on: December 01, 2023, 09:01:11 PM
its not like i havnt been telling the mixer folk for months in their many topics, they need to think outside of the box about the way mixers function and brand themselves to not poke at regulations and business policy
2122  Other / Off-topic / Re: Video of me doing stand-up comedy on: December 01, 2023, 08:51:29 PM
i love meat but the chicken cannibal joke didnt do it for me

how about (im not a comedian)
"so i own a chicken farm, but my chickens dont taste like chicken. so i had a eureka moment. i should feed my chickens.. chicken"

a caterpillar sits on a leaf pondering its existence.. it sees a cat sitting on a fence post. it asks itself. is that cat more cat-on-Pillar than me

i saw a caterpillar under my foot and noticed that it was a special caterpillar would never turn into a butterfly.... i shouldnt have stepped on it
2123  Bitcoin / Bitcoin Discussion / Re: 139btc I'm looking for the owner, it's important! on: December 01, 2023, 08:26:45 PM
the victim(s) were 2 wallets/addresses
one with bc1q8qz322m5gu4faemeumzkxeqhd4r4439y42ps3r   99.24875663 BTC ( 3,847,366.97 USD )
one with bc1qd6nn3734nkxlktseawn27xp2cw4ruy2ecz9hk9   40.17625999 BTC ( 1,557,428.23 USD )

a hacker moved the funds to:
bc1qn3d7vyks0k3fx38xkxazpep8830ttmydwekrnl
and then hacker did child-pays-for-parent in the same block. to spend 83btc fee of the 139btc to get 56btc in the hackers next wallet

the hacker then sold/gave the now empty wallet seed of 'bc1qn3d7vy..' to someone else(op) or the OP is the hacker

the address
bc1qn3d7vyks0k3fx38xkxazpep8830ttmydwekrnl
is not an address of the victim.. its the hackers wallet
2124  Economy / Economics / Re: Idea and money are very important to investment. on: December 01, 2023, 06:56:03 PM
investments are mainly throwing money at things that already exist.. old idea's basically

for those wanting to start a business/project of a new idea. its not "investing" for you. its generating capital. or depositing capital.
this may be through crowdfunding where OTHERS are investing in you. but you with your new idea are not investing. you are generating capital and gains on said capital

putting money into existing idea's of others=investing
putting funds/labour into your own new idea=generating capital

if you have an idea and you can self fund it means all gains return to you. then if its a success it can make you great returns
if you invest in someones elses idea it means x% share of gains return to you. then if its a success it can make you great returns

but the idea's need to actually flourish
many many people have money and idea's but they are not always successes so dont think that having money and ideas will get you returns
many many people have an idea but no money, but the idea has success potential. you can find investors to fund it. so dont think YOU need your own money to spring an idea to life
many many people dont need money to springboard them to wealth. nor an idea.. most people just work for a wealthy business that gives good salary

..
the idea needs to be a great idea. not just a badly though idea
the great idea doesnt always need great money to start. many great ideas start for free (note bitcoins origin story of volunteers)
2125  Bitcoin / Bitcoin Discussion / Re: Do you see individual satoshi becoming valuable? on: December 01, 2023, 06:32:48 PM
Well, it doesn't have to reach $100 million (or $1 per satoshi) for satoshi to be considered valuable, although that depends on what the op means by valuable. If it's in a sense that even owning, say, 50 satoshi is a lot of money, then no, not very realistic. But if it's in a sense that it would be more convenient to refer to amounts in satoshis (say, 1 thousand satoshis), then I'd say that when Bitcoin is at $10 million (or 10 cents per satoshi), I think it would be a good time to switch. But I'm not sure if we'll ever see Bitcoin get there, so in the foreseeable future satoshis will remain insignificant.

it doesnt matter if 1 sat is seen as X value..
if people cannot spend as just one unit 1 sat. then people wont care..

if we get to a paradigm where a tx fee is 1sat and where people transact at a min of 100sat to feel the fee is fair(1%).. it would be a measure of 100sat people will want to value the price of things as.. because 100sat(1bit) is their minimum spend amount

EG if the cheapest product people can buy with a debit card without the merchant declining due to fees was $1.. then no one would care about how valuable a penny is even if it cost 3cents to make 1cent.. people just wont use or care about pennies if they can buy anything with it.

so if 100sat is the minimum spending amount of say $10. where yes 1sat =10cent and 1btc = $10m
people wont be looking at sat value. because they cant spend 1sat they will look at the 1bit(100sat) value

they would look at how many products they can buy with 100sat (1bit)

much like fiat. no one cares about the creation cost of penny or dimes (1-10cent). most look at a $10 bank note and think about how many loaves of bread it can buy

people dont care about pocket chance value of metal disks. they care about bank note value
2126  Economy / Economics / Re: Goverments must have good plan very soon on: December 01, 2023, 05:38:13 PM
But goverments should have some plan i wait airdrop of money for each people AT least 2000-3000$ without working ubi income
did you know that retailers/businesses look at peoples average income and nations minimum wage, to then percentage out the cost of goods affordability

EG lets say minimum wage is $15/hour and they say bread is 10% they would sell bread for $1.50

if everyone was earning an extra $3k ontop of minimum wage. it would cause prices of goods to rise

EG
$15 * 40 * 4 = $2400/month min wage + $3000UBI = $5400
$5400 / 4 / 40 = $33.75 per hour income
so bread would jump to $3.37

all goods and services would literally DOUBLE

...
mortgage companies work out a risk tolerance of a mortgage payment should be no more then 35% of monthly income
this ends up causing mortgage affordability to double. meaning real estate will see buyer of "first time buyer/affordable housing" to double
so house prices of the subsidised housing would DOUBLE
2127  Bitcoin / Bitcoin Discussion / Re: Bitcoin mixing is NOT money laundering, per se on: December 01, 2023, 04:25:04 PM
Ironically, they're the ones laundering & counterfeiting our money. That is harming all of us.

They are literally taking half of our paycheck and using it to bomb children in Palestine. 

My question to that is , how you can prove that you do this just to increase your privacy ?

Please tell us your full name, phone number, where you live, how much money you have and share us your transaction history.  If you do not because you consider this information private, can you please prove to us you are innocent?

No.  You do not have to.  The default position is innocence.  You are not guilty until proven guilty.

people say the same about guns "i have the right to bear arms"
yes but if you are seen walking along a sidewalk openly waving a gun around shouting "this is my right i will defend myself" you will become a suspect of possibly wanting to use the gun for illegal purpose like shooting someone, they will want to know what you mean by and how you intent to "defend yourself"
you will be approached by cops for suspicion of inciting fear and terror

many cops also have the right to defend themselves. so if they see you waving a gun around they may see you as a threat..

and thats how america got so bad.. right to bear arms = cops allowed to shoot if feeling threatened
also cops can stop and search you and ID you to make sure you are permitted/licenced to have a gun.

if you want to have a gun. dont advertise it to make yourself a target.. in short: use it dont advertise it
if you want use/be a mixer. dont advertise it to make yourself a target.. in short: use it dont advertise it


posting from another topic ITS ABOUT MIXING AND BLACKHATS THOUGHTS SO ITS ON_TOPIC AND RELEVANT
(topic about putting mixer tools into core)
Could the network of nodes be used in a way to create a built-in system to send joined transactions of sorts within the Bitcoin Core? Or is this considered outside of the scope of the project and you are always going to need to use some sort of 3rd party software or web as a service?
If we implement mixer on Core, this will help governments to tag Bitcoin as a currency that helps terrorists and criminals and so on.
You're telling me it isn't yet tagged as funding terrorism? Literally hundreds of articles every year, and even bills, proposing regulation of some sort to prevent "further terrorism funding".

And no. Bitcoin Core isn't Bitcoin. It's simply an implementation of a Bitcoin client. An optional mix setting in QT wouldn't be that kind of a red alarm. Gaining privacy on-chain is already possible and it works fine. There would be a red alarm if we hark forked into an enforced-private cryptocurrency on a protocol level.

blackhatcoiner KNOWS core is the default CORE(central) reference client thus it is the defacto protocol decision maker these days. so wanting to make core become a mixer tool is the biggest red alarm where everyones coins will be treated as suspicious

the idiot wants to think if every coin is suspicious the analysis businesses will give up analysing.. he doesnt understand by making every transaction suspicious they will enact more policy and lobby more regulation..

people can make their own wallet software (forked code of core and rebranded) into a mixer tool manager. however making the reference client everyone use into a mixer is stupidly going to cause more problems for all users.

blackhatcoiner is more interested in sales commissions of promoting mixers, than caring about the repercussions on the users of such

mixers should be just a side niche service not everyone needs. but for the idiots that want to get tagged as suspicion can remain idiots and use mixers to get listed on a watchlist by using mixers..

the solution to being tagged and watchlisted, is not to recruit everyone to be tagged and watchlisted. though i feel blackhat earns more commission if everyone was
2128  Bitcoin / Bitcoin Discussion / Re: Valuation models on: December 01, 2023, 08:00:45 AM
APPROACH 4: COST OF PRODUCTION VALUATION
As a result, the value of each bitcoin can be estimated by examining the marginal cost of mining (specifically, the electricity burned in running the computations as part of mining) versus the expected yield of new bitcoin.
The “cost of production” analysis, however, involves some significant challenges. For one, it is circular in its reasoning because the decision made by miners to enter or exit the market is driven by the cryptoasset’s price. Using two necessarily cointegrated variables to value one another has very little predictive or explanatory power. The model also fails to account for or explain the massive short-term volatility of bitcoin’s price or the fact that bitcoin’s mining difficulty is programmatically adjusted on a biweekly basis depending on the level of effort miners have focused on it.
Unlike previous approaches, this one is no longer flawed. I wouldn't call it challenge either, this is outright wrong.
The problem is that they are still thinking in terms of something like gold and the "production cost" which is completely unaffected by gold price. For example if gold is worth $1 it still costs the same to extract it from the ground, melt it, etc. as in case it were worth a $1,000,000,000 because the process is not affected by the price (the incentive to mine gold is).

But when it comes to Bitcoin because of how mining (Proof of Work and difficulty adjustment works) things are completely different. If bitcoin price were $1, the cost of mining would also be low and close to $1 and if bitcoin price goes up to $1,000,000,000 that means the cost of mining bitcoin would also go up to be close to $1,000,000,000.
Note that I say "close to" not equal because of being decentralized and the fact that cost of mining is wildly different in different parts of the world (eg. electricity price from $0.0012 to $0.54) and other factors.

if gold could be mined in everyones back yard for $1 an ounce. (eg someone can tea-spoon gold into a saucepan at a rate of 15 ounces an hour
the gold market spot rate would not be at $1800.. it would be at $1.80

if gold could be mined in an asteroid as earth reserves are gone meaning it cost $500m an ounce.
the gold market spot rate would not be at $1800.. it would be at $1b

and yes even gold has a world wide value->premium window right now. which is ~ $1.3k->$2.5k which the spot market trades between

for a market to speculate above a 1.5x->1billionx of cost. then that fool paying 1b x is a moron if it only costs $1 to mine
for a market to speculate above a 1.5x->1billionx of cost. then that fool paying 1b x is a moron if it only costs $1300 to mine

as for the bitcoin the $0.0012 to $0.54 is the value-premium.. however the amount of hashpower able to get the $0.0012power rate is not much of the competition so not a big deciding factor on the value support.. its more of a healthy 0.04-$0.54 range of support(value) and resistance(premium)


people think there is no economic "top".. but real assets that have real costs actually do have a top. because if markets get too high above someones mining cost. people move to mining and buyers run out..
its been proven by how bitcoin did not 1billion x .. why gold did not 1 billion x
its why apple wont sell a phone for $1b.. they know the market as a limit where if it went too high people will start building a competing phone and they will lose buyers
2129  Bitcoin / Bitcoin Discussion / Re: Do you see individual satoshi becoming valuable? on: December 01, 2023, 07:38:24 AM
who would use bitcoin if it cost $339 per tx even at just 10sat/byte

This is assuming that by that time no one has figured out a decent way of getting people to transact with bitcoin without paying base-chain fees after every single transaction, yea? If we're talking about decades from now, we should have figured something out by then.

this is just about 1 tx at 10sat per byte...
its not talking about the total fees for the block of all tx added up to whatever scaled blocksize of "every single transaction"

as i stated in other post without even figuring out scaling blocksize to fit more tx. we would need to scale down the sat per tx fee
we would need to move the sat/byte to say/kb where tx priority bidding starts at xsat per 100byte
meaning a 226byte tx is 3sat per '1sat per 100byte' meaning $0.30
meaning a 226byte tx is 23sat per '10sat per 100byte' meaning $3.00

the node software right now already is defaulted to start 'fee priority' bidding in whole sats and whole byte amounts
where its 1000sat/kb that increment in 1000sat/kb amounts.. to be the 1sat 2sat increments per byte

we need to start at 100sat/kb(23sat for lean tx) incrementing per 10sat/kb instead of 1000sat/kb
then in years
we need to start at 10sat/kb(3sat for lean tx) incrementing per 1sat/kb instead of 1000sat/kb
2130  Bitcoin / Bitcoin Discussion / Re: Do you see individual satoshi becoming valuable? on: December 01, 2023, 07:30:48 AM
who would use bitcoin if it cost $339 per tx even at just 10sat/byte
It depends on how much $339 is worth Tongue
Considering how dedollarisation has been speeding up and how possible it is to see dollar value tanking hard, bitcoin reaching millions against dollar is not as far a you'd think. After all the current transaction fees of 1 sat/vbyte is about 300 in a bunch of currencies like the Colombian Peso Wink

lets inflate it
imagine tx fee this spring was 1x bread loaf earlier this year with not much complaint ($2) so consider that the "normal" feeling pre meme junk

2023 $2 breadloaf at a 2% inflation is $3.38 in 2050 so $339=100 loaves
2023 $2 breadloaf at a 4% inflation is $5.99 in 2050 so $339=56 loaves
2023 $2 breadloaf at a 6% inflation is $10.22 in 2050 so $339=33 loaves
2023 $2 breadloaf at a 8% inflation is $17.25 in 2050 so $339=19 loaves
2023 $2 breadloaf at a 10% inflation is $28.84 in 2050 so $339=11 loaves
2023 $2 breadloaf at a 20% inflation is $329.86 in 2050 so $339=1 loaf

inflation needs to perpetually be 20% a year for the next 27 years for a $339 fee to feel "normal" equivalent to a loaf of bread
where as rationally it would be 2-6% inflation of fiat. meaning tx fee's will feel 33-100x above "normal" use
2131  Bitcoin / Bitcoin Discussion / Re: 139btc I'm looking for the owner, it's important! on: December 01, 2023, 05:49:17 AM
usually these things are where a scammer/hacker had obtained XXXbtc via other means of scamming/hacking

and is advertising that he so called "bought"/obtained a wallet..  (the convincer of another scam)
and will later see idiots PM him asking if he can get more wallets for them where they will pay him a commission for being a middle man. and the scammer will ask them to pay him X amount upfront and he will give them new wallets.. (empty)
and the scam is then complete

the OP is obviously the guy that stole the wallet that then spent the 139btc. now he is doubling down pretending to be a innocent bystander that pretends to have access to someone that hands him wallets

if he is genuine
if he has proof of real life identity of whom he got the wallet from. he should dox the hacker to the authorities
2132  Bitcoin / Bitcoin Discussion / Re: Do you see individual satoshi becoming valuable? on: December 01, 2023, 05:27:01 AM
No. I think BTC  tops out at 10 to 15 million.. Which means 15 cents per sat.

Check my math.

0.00000001.  100 million sats to a coin . so 100mill x 15 cents you got a 15 million dollar coin.

with a 15 cent sat. maybe in 2050 to 2060 it happens.
i dont care for merit. so when i give it i give big. just to use it up

if one sat became $0.15 (1btc=$15m)

if one tx was 1sat/byte and the leanest tx is 226bytes.. it would cost $33.90
if one tx was 10sat/byte and the leanest tx is 226bytes.. it would cost $339

who would use bitcoin if it cost $339 per tx even at just 10sat/byte

we would need to move the sat/byte to say/kb where tx priority bidding starts at xsat per 100byte
meaning a 226byte tx is 3sat per '1sat per 100byte' meaning $0.30
meaning a 226byte tx is 23sat per '10sat per 100byte' meaning $3.00


as for the math of 2050-2060 of a $15m btc .. is actually reasonable
but i do see people in many topics that think $10m will happen within the decade or next 6 years(2 halvings).
well im sorry it wont happen that soon

what people have to realise is that we are not going to see 20x per ATH cycle
we wont be $37.5k->$750k->$15m meaning 15m within a decade.. sorry i just dont see it

we are instead already seeing
$0.30->$30->$1200->$20k->$70k
           100x     40x      16k      3.5x

we are slowing down on the multiples
i dont see 2025 ATH being $750k or $15m.. i see it 2025 as 3x of last ATH so around $210k
i dont see 2029 ATH being $750k or $15m.. i see it 2029 as 2.5x of last ATH so under $525k
i dont see 2033 ATH being $750k or $15m.. i see it 2033 as 2.25x of last ATH so under $1.18m
and then just
     2x                     1.8x                     1.6x                   1.4x                    1.2x
2037: $2.36m    2041: $4.248m     2045:$6.8m      2049:$9.51m       2053:$11.41m

then flatlines (tx fee's take over mining reward)
meaning a $10m+ wont happen before 2050
2133  Other / Archival / Re: paying a mortgage the easy way (save money and pay off sooner) on: December 01, 2023, 03:45:02 AM
When I was a small child, I remember my grand aunt advising us not to take a long-term loan to build a house. She said they were already old but are still paying for their house. It sounded right for many years. And because I also hate debts, I thought if I have to borrow to build a house someday, I should pay it as soon as possible. Not to mention that the longer your paying time the bigger you pay.

But then I realized later on that with all the nincompoops running my country one after another, with all their inutile appointees and policies, I'd rather take that maximum paying time. After a decade or two, my monthly payment might just be a mere spare change thanks to uncontrolled inflation.

So, to those who are living in a country as poorly-run as mine, even if you can afford a higher monthly amortization, you might want to consider choosing the lowest option. Use your extra money for something else more productive.

stretching the length can lower the monthly payment meaning you are lowering the REQUIRED DEMANDS thus de-risking defaults of the min demand that can get you in trouble if not paid.. however dont then waste the excess cash you can be left with.

if the mortgage rate is 5% but you can put that excess into a 7-12% investment. then you can be better off investing. or you can pay off debt sooner
2134  Bitcoin / Bitcoin Discussion / Re: Do you see individual satoshi becoming valuable? on: December 01, 2023, 02:41:20 AM
because of tx fees no one will be able to spend just 1 sat. where the recipient then sees utility/ability in that 1 sat.
its like metal pennies even though the cost to physically make 1 penny is more cost then the pennies price. no one wants to pay people in pennies
however gathering up pennies and making them into a larger bar. then has more value/utility


with the applications of ETF where they are selling shares in decimals of 1btc. people wont measure in "btc" but in bits(100sat) or bitcent(0.01btc)
much like no one measures gold in bars or Kilograms. but instead in ounces

however the utility of gold dust/grams is not something people value as single units

2135  Other / Archival / Re: paying a mortgage the easy way (save money and pay off sooner) on: December 01, 2023, 01:48:57 AM
The issue (and by that I mean the only issue) is that not every nation and not every bank has this option and this return. OP has made a calculation based n a thing that is on a website, we need to all go to our bank, ask this, and see the proof on paper that if we want to do it, then we can do it. I personally do not know if I can pay more of my debt right now, or something like this. I have a loan based on a medical bill, which is fine and I am paying that every single month, it was for a drug and the bank saw that I have received my debt before and paid it all and they gave me the loan for this too. However, does that mean I could pay a bit more every month? The option is not showing up on my app, where I pay it off every month. So this may sound great, but not be available for everyone.

yes definitely worth contacting the debt supplier. if already in debt and want to renegotiate a deal
because usually the amount you pay in is not all going towards the principle debt, but instead the interest they lump ontop. especially in the early years of paying off debts.
so see if you can pay more that goes straight to lowering principle or re-negotiate debt to an extended length. reduce the monthly demand, lower interest. but then paying the excess to then go straight to the principle

definitely contact them if you have more then one debt with the same company because if you did pay more on one debt they may consider that as paying into another debt where you were making just interest only payments on(minimums). so ensure the extra funds go into paying the correct intended thing

obviously dont explain the trick to them. just ask them for the amounts that change if you extend life of debt,if there are better rates to refinance to.. and ask if you can pay back more then set demands early/regularly. because they might decide to mess with the interest by re-financing into higher interest out of spite rather then giving best deal available if you explain too much about trying to pay off debt while giving them less profit
2136  Economy / Economics / Re: Cracking the Code of Saving Money... on: December 01, 2023, 01:32:19 AM
i think people should follow the principle of being an "a-rs-eh-o-le"

Audit your income/expense
Reduce Spending on frivolous stuff/Revenue Stimulate more income
Emergency Holdings of 1-3month of needed bills total
Optimise further
Leverage Equity

basically its:
1. get all bank statements, receipts, proof of spending for the last month or so and write it all out in a spreadsheet alongside you income and deductions (like pensions and tax). actually show yourself visually the state of your income vs expenses

2. find out what you are wasting money on, and reduce spending on things you dont need, that dont last, look for ways to stimulate/increase more revenue/income

3.with the savings from reduce spending. start holding a 1-3month of emergency funds to prevent you using credit cards/getting in debt if surprise events/costs/bills pop up.

4. after saving enough for emergencies optimise the monthly excess in the best investments you can find

5. work out your debt:equity and calculate if its better to drawdown on debt by investing less to then have more excess monthly cash to invest more later. or if the interest on savings/investments is higher then debt interest charge. pay down less debts and invest more. look for other ways to moetise your equity to increase savings/investments
2137  Other / Archival / Re: paying a mortgage the easy way (save money and pay off sooner) on: November 30, 2023, 07:56:14 PM
you know you can afford monthly payments of $1621/m
meaning the difference of the 1162 vs 1621 means if you put as an extra $459 ontop of the $1162 to

Actually even if this trick would not work, this approach is always advised imho because although you know you can pay 1621 today, things can change for the worse (recession, loss of job, technical unemployment) and then this $459 difference can do wonders to the levels of stress you'll go though.

yep the added bonus of reducing back to 1162 and still be defined as paying the mortgage but able to use the 459 to go towards other things

i personally thanks to bitcoin dont need to worry about such things but after reading many topics about people looking for ways to save on groceries and bills and surviving doomsday scenarios. everyone is looking for ways to economise or pay down debt sooner to secure their futures stress free
2138  Other / Off-topic / Re: Google Drive users angry over losing months of stored data on: November 30, 2023, 06:44:24 PM
decades ago we used to call server held data, 'hosting' and access for users to upload their own files 'ftp'

the genesis and evolution and promise of "cloud" was to have data stored live in multiple locations to ensure data survival if one server failed

google however just revealed it mis-sold its FTP host as cloud for decades
2139  Bitcoin / Bitcoin Discussion / Re: Valuation models on: November 30, 2023, 05:05:33 PM

APPROACH 4: COST OF PRODUCTION VALUATION
The “cost of production” valuation thesis was first proposed by Adam Hayes in 2015 and has been expanded upon by multiple researchers since. The theory holds that crypto, just like any commodity, is subject to traditional pricing challenges on the supply side. Crypto miners the computers that process transactions and are rewarded with the underlying cryptoasset spend fiat money to produce each marginal cryptoasset, through both energy and hardware expenditures.

Hayes and others suggest that, viewing bitcoin as a commodity and according to traditional microeconomic theory, the cost of producing each marginal bitcoin should align with the price of that bitcoin. After all, if bitcoin mining were to become unprofitable, miners could simply turn their attention to another cryptoasset or exit the market altogether. As a result, the value of each bitcoin can be estimated by examining the marginal cost of mining (specifically, the electricity burned in running the computations as part of mining) versus the expected yield of new bitcoin.Empirical backtesting shows a relatively strong alignment between bitcoin’s price and the marginal cost of production, lending some credence (thought no directional causality) to this approach.

The “cost of production” analysis, however, involves some significant challenges. For one, it is circular in its reasoning because the decision made by miners to enter or exit the market is driven by the cryptoasset’s price. Using two necessarily cointegrated variables to value one another has very little predictive or explanatory power. The model also fails to account for or explain the massive short-term volatility of bitcoin’s price or the fact that bitcoin’s mining difficulty is programmatically adjusted on a biweekly
basis depending on the level of effort miners have focused on it.


Beyond that, many cryptoassets use a consensus mechanism different from that of bitcoin, one that does not lend itself to this kind of analysis. In proof-of-stake systems, for instance, little or no energy is consumed in mining; instead, miners lock up assets in escrow in exchange for securing the network. For these markets, no direct concept of the cost of production exists.In the end, although cost of production has aligned roughly with prices for some cryptoassets in the past, the cause-and-effect relationship is not clear and its predictive value for the future is very much in question.

the cost of production is not circular. and market price is not a primer.. value and premium is simply based on asic hardware + electricity
the VALUE as oppose to premium explains that taking the cheapest mining cost on planet becomes the value bottom line...
the premium as oppose to value explains that taking the expensive mining cost on planet becomes the premium bottom line...

the market price is an after effect not the primer. the market price speculates between value and premium

value sits below the market price so once you calculate the value and then look at the market price that sits above the value. you can see how inflated the speculation is..

compare that with the cost of minting PoS which is negligible value compared to its inflated speculated price. and you soon see why bitcoin is a better store of value
2140  Economy / Exchanges / Re: Is the DOJ doing too much? on: November 30, 2023, 04:50:18 PM
traders read
Quote
The inaugural Cristiano Ronaldo NFT collection will drop on November 18 (09:00 UTC) and feature seven animated statues with four rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). Each NFT statue depicts Ronaldo in an iconic moment from his life, from career-defining bicycle kicks to his childhood in Portugal.

On November 18, at 09:00 (UTC),45 of the highest value CR7 NFTs (5 SSR and 40 SR) will be held for auction on the Binance NFT marketplace. The auction will remain open for 24 hours, with NFTs awarded to the highest bidder. Bidding prices will start at 10,000 BUSD for SSR and 1,700 BUSD for SR.

An additional 6,600 NFTs (600 R and 6,000 N) will be offered via our Subscription Mechanism Launchpad, starting at 77 BUSD for the Normal rarity.

where they are paying for a picture of a footballer for prices between $77-$10k .. and the buyers could not then find other buyers to sell to.. so want to sue the guy in the photo for not being as valuable as face value first thought..

well the buyers should not have accepted the offer so hastly

if what they bought was a true NFT then they own copyright of the picture they hold..
the 5 guys with 5 unique super rare photos. can easily each print 2,000 posters of their property and resell the posters for $5 each to tourists and football fans to break even..

guess they dont know all the capabilities of ownership proof(copyright) of NFT and how they can turn it into real money


that said i never looked at what technology/protocol the NFT were minted on to see if they were even true NFT.. so it could be that what they bought was not a true NFT to allow copyright claim to legally then sell reprints

also lets do the math

5 * 10,000 =50,000
40 * 1,700 =68,000
6000 * 77  =462,000

seems less the $600k offer.. no where near $1b on offer
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