bitcoins price is highly supported by a mining industry whos costs are a starting point of about $15k/coin. meaning no one on the planet wants to sell btc for less than the most efficient mining cost on the planet

for another coin to take over with sustainable price support. that coin would need to grab alot of hashpower.

it wont be some scrypt coin because they just dont have enough asics..
to achieve a sustained supported price of $15k+

it would have to be a sha256 coin that steals atleast half the bitcoin asics by mining pool jumping off bitcoin to the altcoin. and gets users and merchants to full node this altcoin more so than bitcoin

of the already existent altcoins of sha256, if that were to happen. it would have happened by now.

so it would have to be a new sha256 coin offering new features that beat bitcoins feature offerings
..
if you are talking about the meaningless market cap valuation

i can start an altcoin of 1trill premined coins. sell 0.01 coin for just a penny
and create $1trill market cap.. .. for a penny
..

if you are talking about a utility coin that has more merchant adoption and customer use.. ok see you in a few years. it wont happen over night

the answer is MATHS

staying as they are
2% of GBTC and 2.5% of ETHE is only at most
~$220m      and ~$100m (rounded) = 330m a year income

which wont fill the DCG $1b hole this year will it!?

if greyscale wanted to do a "buy back" of SHARES
buying back the other crap coins wont net them $1b even if they bought back 100% of multiple trusts because their holdings are way under $1b of value of other crapcoins each

however
ETHE does have $3.9b of holdings
so its the only option, bar gbtc
so
buying back ETHE shares is cheaper to do, to get to unlock a stash of coin out of trust.. to then sell

they then sell the unlocked ethereum coin. and then sort out their corporate holes

ETHE holdings per share is the asset value locked
market price per share is the offer they give to customer of the trust
there is about a 50% discrepancy in the 2 prices

they have ~3mill ether coins
lets say they want to buy back just 1mill

so they pay their trust customers the $6.16/share to buy back enough shares to get 1m coins unlocked.(rounded $640m buy back cost)

which then nets the $over $1.280bill to play with

they can then sell ether coins on the public exchange markets. to fill the $1b hole

and then using the $280m spare($1.28b -$1b)
start a fresh ethereum coin public buy up from the public exchanges at a new lower public exchange market price next month, compared to this month market price

and put back in X ether to sit along side the 2m ether they still have locked in trust, hoping that the public market corrects down enough to get as close to able to buy back 1m ether to be back where they sat today

opposite is true

you need transparency to prove democracy
otherwise people will cheat the system using anonymity

sharing info and broad agreement on the vote count. is needed to be a fair vote/consensus

if votes are done anonymously then people can double vote and false vote where its not accountable to be sure of a fair vote

..
saying that . having something transparent does not mean it require WHOLE LIFE history invasion. just the quantifiable data limited to the purpose would be required

no one needs to know your first pets name or what sandwich you bought yesterday to vote., but you would need to:
show id to ensure you didnt vote at 5 polling stations.
or you
show a ballot paper posted to your address where you only got 1 ballot which is your only chance to vote

note:
blackhatcoiner, you seem to have a paranoid level of fear of being watched. where that worry you have causes you stress and easily triggered anxiety
i have the solution.
angelo.... im watching you

beauty for the honeymoon period.(first 7 years) but character if you want it to last until the 60th anniversary

there are some fundementals outside of the market price

the most cheapest method to acquire bitcoin on the planet is the most efficient mining cost on the planet (lowest electric price, cheapest hardware/hash)
below that NO one on the planet can get coin for les so wont be selling for less
this causes a support/stop point where no one sells below.. creating a supported non-zero bottom

currently for a 2022 average its about $15k bottom so no surprice the speculative market above this is testing this bottom and not pushing through below it

same goes for the top. most expensive method to acquire bitcoin is the most inefficient mining (highest location on planet for electric)

in late 2021 it was $75k. which is why markets fixled out of demand at ~$70k range where majority of planet could mine for less so why need to buy at such a premium


if you can calculate the lowest mining based on low electric and hardware. you find amount X

if you can calculate the highest mining based on highest electric and hardware. you find amount Y

this X Y window. is where the market then wiggles in between

in short it was never suppose to go to $100k in 2021 and never suppose to go to $10k in 2022

when it comes to hashrate. efficient miners do not play to daily whims of hashrate. they have electric contracts of 6-24 months. so work out the average hashrate of 6-24 months and not a ''moving spot" of daily hashrate calculation

expensive hobby miners do switch of quickly so do those calculations on daily rate of hash

the hashrate of the "bottom" needs to fall alot and sustain the drop long term(6+months) to truly affect the "bottom" of the X Y window
because those efficient miners bought 6+months of electric so wil mine no matter what the price is over 6+months.

so it would take alot of hashrate drop and drag to drop the bottom X amount of support

enjoy

hint:
2022 electric crisis increase price not contracted in yet. use 2021 electric prices
2023 will have efficient electric contracts of 2022 prices

some legendary people got to retire young due to early adopter bitcoin luck of wealth. and now we dont need to work. its just a hobby for some.

if you are not earning, atleast be learning.

it seems you say "bitcoin" but aim the topic post content at the forum activity

so the forum activity has been answered. lets address the "bitcoin" title

there is ALOT of opportunity to start a business or work to gain a bitcoin income outside the forum.

if you can find a successful and satisfactory way to pay bills via bitcoin income without a headache of conversions and such. go ahead earn and pay bills with bitcoin.

even take the opportunity that if in your local area there is no easy exchange to pay real life bills. create it or find locals to work with to create it.

if there is not much of a bitcoin community in your real life area. create it. start workshops and meetups. charge a small attendance fee or a tuition fee(once you learned enough yourself to pass on the things you have learned that are worth paying a fee to learn)

sell goods for bitcoin. services. the world is open to opportunity

find/explore your skills, interests and hobbies and turn them into a way to earn. learn something new become expert in something new and use that to earn

dont be too concerned

quantum computers in dummy terms is like this

instead of 2binary gate. quantum is like a 4gate system
simply imagine a car route planner that can only go forward and right

and there is a specific route from starting point to destination

              ______B
      ____|___
 __|__    |    |
|   |__|   |__|
A
quantum can route map backward forward left and right
so can find many many routes from A to B

BUT
while quantum is throwing out loads of possible routes. those routes are limited to the rules of binary (forward and left) limitation

thus it wont understand paths to B that involve back and right and not enough loops around streets

(not accurate, but for dummy display)

simple things can be done

expand the minimum wage laws to be tiered

businesses that want unskilled people can have minimum wage recruits
but if a job application requires a qualification then it has to pay at a tier rate that reflects the level of qualification.
EG
basic college diploma = rate X minimum
basic university degree = rate Y minimum
full university doctorate = rate z minimum

im not gonna suggest a national tier rate for things like
unskilled, skilled employee, superviser, manager, regional manager ceo

but atleast some basic rate that recognises qualifications.
like if a managerial job vacancy mentions it needs a business degree then min rate needs to apply that s more then what a superviser would get on a mcdonalds restaurant(not much above national min wage)

that way nurses who have a vocational diploma vs a nurse that fully trained at a degree level can be on fair pay for their training

i know the NHS does have a tiered rate and many businesses also do have their own tiered rates for job titles. but they need to be backed by a level recognised nationally based on qualifications needed to perform the job

by this. it takes absolutely NO training or qualifications to be a politician and so why the hell do politicians earn 2x-3x more than a nurse that has spent 2-3 years in education to be able to do her role at their own education cost(loan)

he was not actually a big exchange

coinbase has 60mill exchange customers
binance has 25mill customers

ftx only had 1.2m customers

ftx got to 1.2m customer by acquiring most of them from buying out failed other exchanges earlier in 2020-2022

he didnt genuinely grow a customer base the normal way
https://decrypt.co/85744/ftx-is-spending-big-on-marketing-because-were-behind-on-name-recognition-ceo
..
i seen some of his games early on when he was acting as the liquidator/administrator for bankrupt businesses. he was allocating/swapping assets out of dying businesses and leaving them to rot

and leaving them with more debt while acquiring their assets so that when they close on bankruptcy he can leave them with all the higher debts

he was not making any billions of profit from just trade fee's

he never had $32billion of real assets/fiat on hand to back a real valuation

it was just that out of say 100,000 alot of them were other exchanges and businesses and people of notability..

side note:

kevin o'leary (sharktank) as spokesman of FTX, is stilll defending SBF
but here is the thing.
legally kO'l has to legally say what he says, because if KO'l just says SBF is a scammer, then that makes KO'l liable as a spokesman for promoting a scam.

meaning kO'l shouting SBF scammer=kO'l pleading guilty to promoting a scam. so yea he wont do that

so he has to also plead ignorance and say "innocent till proven guilty" otherwise he can get fined/handcuffed too.
..
anyway
i think SBF next game, is that he will play on the "im not a coder" and will blame whomever he paid to make his platform, for not having the 'bucket' separator of user types, having different wallets.
where SBF couldnt code anything when it all "went wrong", thus trying to blame customers for doing a bank-run on a platform designed badly by some other dude as the reason for liquidity to dry up.
 
EG excuses like 'i did not choose to co-mingle funds i just believed they were separate based on a fake GUI coded by dude X'

its getting too predictable the lame excuses you can start seeing SBF subtly eluding to in some of his words in these interviews

she said in interviews it was a long planned decision...
.. if they were planning.

a. they would not be setting schedules for winter 2022-anytime of 2023
b. they would not just stop mid semester
c. it would not be a sudden stop both in one month

im guessing they are leaving the US and travelling to a non-extradition country.
.. maybe even bahama's where SBF has one of them $16.4m vacation homes(mansions) they got with users funds earlier on

the example is this

asic company invests $2m in a power plant of 1MW
and puts 600KW (200asics) on it.
the spare 400kw can power 800 homes or 2000 people

because the other situation would have been
2000 people paying build cost of 1MW over the years which would have been 2.5x their cost on average at kw price levels for many many years

now they get to save 2.5x because another industry is upfronting and paying off the excess build cost thus the villagers save on average 2.5x
and the asic company can recoup ROI in just a couple years

first of all. ethereums market price is being unsustainably held up via arbitrage, not real independent speculative trading.

ethereums price is at a 20x+ premium bubble compared to new value level
(PoS dropped value by 20x but the market didnt correct accordingly..YET)

the price WILL correct. so best to sell coin. before the dump/correction hits.
very rough numbers of value to price multiplier
        price    value   
jan    3000   800    3.8x -|
feb    2400   815    2.9x  |
mar  3000    830    3.6x  |
apr   2800    845    3.3x   \_ only had a 4.5x bubble at most
may  2000    860    2.3x   /
jun   1000    875    1.1x   |
jul    1500    900    1.7x   |
aug   1500    925    1.6x -|                  
sep   1400    40      35.0x    PoS merge
oct   1300     45      28.9x
nov  1200     45      26.7x    now has a 20x+ bubble.
dec  1250     50      25.0x


EG imagine if when bitcoin was at its 5x premium($70k price of $15k value) and you knew eventually it was going to correct to ~$16k. would you hold at $70k or be selling at $70k

and thats my point
ethereum is going to correct down to a lower price as 20x+ bubble is not sustainable.. so it will to get nearer to its new lower value down to a new 4x max of new low value.. so its stupid to hoard it at its bubble price now.

sell now, short it. and buy in at lower price.. keep the profits

use profits to add liquidity to the other sister companies to offset any further contagion risk

---

bitcoin is already at/very near value. it cant really tank. thus no opportunity to short/sell for profit. so no point removing a GBTC to sell the btc coins to add funds to sister companies.

but you are right there are some other crap coins greyscale can remove first but their price:value is not as huge a bubble compared to where ethereum is right now. ethereum has more crash potential out of the lot of them.

also the other crapcoin trusts.. dont have much AUM to actuammy make a difference

EG if DCG is $1b in the hole(debt) due to sister companies. they need to generate $1b quick
if they sold all "filecoin" .. that wont even generate $1m let alone the needed $1b

where as ethereum AUM is at $3b.. but if you calculate the underlying value of 153m if you work out the real underlying value chance since the PoS change

so selling just $1b of ethereum now. gets them their $1b. and when the correction happens then they can reset and buy ethereum at the new low when the correction happens

crypto is a big education event requiring explaining alot.. but getting it right first time is the main thing..

i have run the numbers and this test project is actually sustainable

i calculated it out and then seen the numbers based on the project. and it is actually on the right lines
and the numbers work out correct

the issue is the difference between paper calculations. and real life testing and seeing where hidden costs or unforeseen events pop up

once the test can prove itself in reality. then advertise the hell out of it to counter the stupid propaganda of the vegan greenpeace army

jack doresey is involved so im sure he has enough reach to promote it when the time is right.

but pumping out viral media stories before concept is proven in real world is just as bad as the greenpace stupid narrative.. so best to prove a concept, prove them wrong. end the debate

many countries put in some amount of value into the IMF to use as credit for loans to other countries. where by the IMF cut El salv out of the ability to get loans from IMF bank. however El salv has and does just ask for loans directly from counties, thus by passing the IMF

so not much love lost it also helps because el salv can then negotiation better deals with countries direct. and have less sanctions to obide by too

being dropped by the IMF turns out to be a good thing
el salv can instead of asking for $100m at a 2.8% rate from the IMF
with IMF mandatory repayment rules and penalties.

el salv can ask for $10m form 10 countries and trade goods/produce at a $10m per country rate of wholesale for that loan depending on what goods that country needs, where the country can the sell those goods for more then 2.8% and make even more money. meaning better for everyone

if i owned DCG and thus greyscale. my smart move would be to take out ethereum from the game

bitcoin and ethereum are not some vapour priced social drama speculative assets. they both have underlying value. this is the base cost of acquisition on the planet.
bitcoins mining cost has a base level of year: $15k meaning that the speculative market premium above this of public exchange price is GREAT value(cheap) level right now(compared to premium ATH of $70k)

however ethereum speculative price is now way way way too high above its base value level due to the underlying cost of coin acquisition  dropping due to the switch to PoS(coin creation cost is now negligible amount compared to before)

so while ethereum is at a bubble high premium being artificially held up due to arbitrage.. where its now underlying value is just $50.. ethereum market price would and should tank and correct down to a newer low level too. so i would take out the ETHE and drive that market down and reap rewards for it. allow it to settle and use that fiat to bring DCG back to liquidity

then maybe start a reset ETHE fund again at the amounts it should be trading at

having a currency of their own domestically within their own borders has some local advantages of controlling their currency via their own rules which their merchants inside the country follow. it allows for things like price control.

however putting up a border wall not allowing cross currency transfer has its own disadvantages.

as for why other forks/altnets fail

its simple. they are just copies trying to offer the same services the first/main currency already offers.

BCH fails because exchanges and merchants prefer and enjoy bitcoin better and thus more people use bitcoin. thus no need for BCH to shadow bitcoin.

as for ETH, it wanted to be a network offering something completely different. but looking at how its price chart shadow traces bitcoins price wiggles(lower price bracket, but same wiggle path). it shows it doesnt really have much independent use for its own separate market demand/price discovery of a different sentimentality of differnt users.

in short its price is being held up to speculative high amounts compared to its underlying value due to bitcoin trading or arbitrage giving it a premium it does not deserve. ether changed to POS which reduced its value of acquiring coin down by 20x and so the price should have followed ethereum down. but it didnt because there is not much independent ethereum utility of its own price discovery sentiment from its own independent userbase

when altcoins dont have their own independent markets offer enough independent niche services to have its own price discovery market of differing price wiggles. the altcoin is becoming pointless need for users.

..
if el salvador needed its own independent market away from international markets . then they could fork their own "ready-to-run" CBDC but that would depend on how much their domestic userbase would use/need it

so far el salvador see the benefits of wanting to be part of international trade, but not via fiat. so staying with the international bitcoin network has all the advantages, without needing to cut all ties from international influence

this should be of no surprise

when large power plants are built. they are not built purely to have capacity for todays demand (2k population) they are built to last for 60 years+ (3 generations of population growth)
families of 2 children mean 2000 become 4000 become 8000 population in 60 years
so the hydro power is a capacity of 8000 population but a demand of only 2000 population at the start
this means 2000 are paying for the costs of a 8000population power costs

instead of waiting 40-60 years for demand to reach capacity so that the costs are split fairly. what the small 2000 population are doing is finding new industries to tap into this spare capacity(buzzword "anchor tenants"*) so they pay for the unused/wasted electric. and so that by having more money paying the power plant. the less people have to pay overal each

plus the bitcoin earned in using that electric is also a good investment for those doing it

https://gridlesscompute.com/2022/12/06/gridless-a-bitcoin-mining-company-in-east-africa-raises-2m-in-funding-led-by-stillmark-and-block-inc/
*

bitcoins price has multiple factors.
fundamentally. the cheapest/base cost to acquire bitcoin is mainly from the most efficient mining cost on the planet. who wont sell at a loss. meaning they are the trend setter of the low of the low.

above that is the speculation price discovery
due to mining cost increases over lengthy periods going up due to the deflation of mining process. the underlying base cost on planet goes up, which then affects the speculative "demand" price discovery above that base amount
the speculative price discovery on the markets is not controlled by if there are 11mill coins in circulation(2012) or 19.2m coins (now) aka supply..
its a price discover of just the small allotment of coins on a market order list. due to peoples desires and sentiments of personal need


bitcoin mining is the process of special nodes called a mining pool collating transactions into a batch(block) and then sending a header of that data to users with special hardware called ASICS to then hash a complicated puzzle to create a hash that has to meet a certain standard
the complexity of he puzzle adjusts depending on how fast blocks are solved. which is 2016 blocks every fortnight, which equate to ~10min a block average
the rest of the network see this block arrive and check it. and if all the rules are met, they accept it as he latest block.

for those who solve a block and have it treated as the wining block to be added to the chain of blocks, they have included in their block a reward for their work. which this reward is an allotment of bitcoin

this reward started in 2009 at 50 coins and halves every 210,000 blocks(~every 4 years) which means today its 6.25btc a block reward(new coins created) and in 2024 will be 3.125btc a reward

this depletion of new coin supply means in 2012 there was 10.5bmbtc supply, in 2016 was 15.75m supply and eventually there will only ever be 21m supply as you cannot half the smallest unit the system has

here in the UK.
the health service(nhs) has not given cost of living increases / pay rises to nurses properly over multiple years. to match inflation

some nurses end up going part time on their NHS contract and then working THE SAME ROLE but under an agency (called bank) where they get paid more for filling in gaps of shift patterns (like substitute teachers).

yep nurses paid as NHS employees, reduce their NHS hours and then work for a agency to do their normal role, for more pay because the NHS pays more to the agency than to its own staff direct

imagine it
2 nurses doing the same job. at £12 an hour(£25k/y)
then the next day. the same two nurses doing the same job but one is paid £15/h as a agency still doing the same role but netting £31k/y

if the NHS can afford to pay agencies more then £15 to ensure the agency nurse gets their £15. then the NHS should be paying the nurse under NHS contract more then £12 and actually ensuring nurses that want to be nurses dont just do the flexi-time 'come when they please' and 'leave when they please' contract that allow them to mess with schedules to then need agencies

actually paying nurses a fair wage and have enough nurses on the NHS contract to cover if one was sick is how things should work.