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5061  Bitcoin / Bitcoin Discussion / Re: Binance- CZ wanted to orchestrate a bitcoin re-org? on: November 19, 2022, 11:10:42 PM
this is not about taking sides. this is about seeking the facts and making sure people like idiots such as this topic creator dont try 3 years later twisting things.. about events that did not happen. and were just a few hours of social media FUD that should have died the day it started

With due respect why are being so offensive about it , This was posted on twitter and i just realized like others that how would it have been possible, i did not made any comments regarding this .. so why dragging me , moreover as much as we try to paint this situation right , the first thought would have not been made for people , I am not biased in -ve or +ve about CZ , but looking at this , one can simply figure out if it would have been possible by any chance , u never know what would be the repercussions. Its always said ... "Something said is half done"

initially i just gave the answer..which was
it was not possible he didnt have 51%

others chimed in as usual with their false diatribe of drivel about how they perceived it as a threat then and a threat now due to drama now with the same person in video(facepalm)

after years of being on this forum it becomes obvious that certain people enjoy trying to drum up some non event that never happened (by this i mean no users were affected) where it was just some talking point social drama of a few hours of social crap that never went into a code activation of causing any real event
yet the try to drum it up and make it go viral again as its its a present threat .. acting like it was an event and a thing to fear or worry about this year/today..

so when non events are dragged up
and are then spammed by idiots that take it out of context as if it was an event..
..it deserves correcting those people that mis represent it.. and educating the ones trying to reanimate some zombie drama into the present  where by the education and correction make people realise it was a none event and something that is not a fear to have today..

asyou may see my initial response was straigh to the point that it was not possible, no malice or harchnes... but as the other chimed in with their silly narratives, i became more frank/blunt

yes my manner is not kiss-assery, hug a buddy. polite chummy happy chats. of just agreeing with the echo chambers of mis/uninformed narratives..  and instead i am frank/blunt in how i say things.

you may not like how i say things. but atleast read the context and understand what is said rather than how it is said.
5062  Bitcoin / Bitcoin Discussion / Re: What does it take to run a full node? on: November 19, 2022, 08:47:11 PM
firstly i was not the one that brought up netflix..

secondly it was about bandwidth utility where the person that brought it up tried to use netflix about "server" crap but didnt realise users experience of  netflix is based on bandwidth.. thus they failed the comparison
but i tried to go along with their comparison to just knock them down a peg

if we were to discuss hard drive sizes rationally though.. my personal comparison is things like PC or PS4/5 gaming.

yep ONE GAME is 60GB+
meaning if someone is crying about 500gb. then that is like saying they cant play more then 8 games in X years
(ps4 comes with 500gb-1tb .. released 2013)
(yep even gaming specs of 9 years ago is 500GB+)

EMPHASIS .. NINE YEARS AGO

we are in an era where gamers have more then 10 games loaded up on their computers/consoles at anyone time.. where people will play alot more then 10 games on a PC or console

and right now gaming pcs/consoles are.. wait for it.. more then 500GB

we are not in the 1990's of cd-rom (ps1)

if data is "bad" if it exceeds only 250gb,, then you and him and the buddy group you all mix with are trying to say the gaming industry is broke and unfit. and no one should want to play pc games


seems those trying DESPERATELY to say bitcoin is unfit for use are using lame excuses of data measures i seen 20 years ago.. they are using scripts and outdated rhetoric that is debunked a decade ago. but they keep pushing it

i went into computer retail stores 12 years ago and seen computers that had more then 250gb

check out this example o found in a 5 second google search about someone in the UK in 2010 PC specs
https://davescomputertips.com/what-were-your-pc-specs-in-2010/
yep he had a 1.5TB hard drive even 12 years ago

so screaming 250gb is the hard drive limit of 2022 is not saying the physics limit of 2022. its saying old outdated tech of 2010

did you know that bitcoin core does not support windows vista.. and only supports windows 7 plus
windows 7+ means it supports computers of 2009+

so lame excuses about specifications of 1990's are redundant. because bitcoin core are not even wanting to support window 1998,me/XP/vista

even core devs have moved on from supporting outdated software/hardware pre 2009

so move on from scripts about bandwidth and hard drives pre 2009 spec.. realise you are all in 2022 now and things have moved on from the 1990's

..
if you bunch of a dozen same mindset social queens of altnet preference think that 2022 standard hardware billions of gamers use is unfit for gaming because "hard drive data"
or think that hundreds of millions of netflix is unfit due to "bandwidth"

now that you know gaming and netflix both use more than bitcoin requirements.. then how come netflix and pc gaming is a massive industry that is functioning, yet you think that it shouldnt be functional due to your delusions of current technology availability of 2022

yes netflix and PS5 quality gaming would be unfit for a windows 98 PC or a vista PC.. but we are not in the 98-vista era. of computing anymore

you guys sound like idiots that are screaming that netflix should stop offering HD or even 4k streaming because you scream that its 1990's
5063  Economy / Economics / Re: Twitter Crypto head and staff resigns on: November 19, 2022, 06:34:14 PM
twitter was a social platform meaning its work ethic was social too, relaxed work place, flexi time etc.

elon wanted to turn it into a conveyor belt efficient code machine,

i dont think he really understands the difference between telsa vs twitter when it comes to work environments

getting rid of, and then stressing other to leave. who knew the code inside and out.. will cause issues. trying to recruit new talent to replace a missing work force and getting them upto speed to review code and learn the function flows of different tasks is not something new recruits learn in a day.

so it could leave twitter open to attack for a small amount of time(weeks/months) depending on how long it continues with gaps in work force

then it comes to having spare cash to cover salaries for a while, whilst he restructures and finds new methods of revenue streams. might cause issues far longer that just getting the code kept upto date
..
i personally thought elon getting into twitter was a huge business mistake. it does not align with all his other projects that are interlinked to space colonisation stuff
(solar, e-cars, rockets, tunnels, biometrics (health monitoring) and AI)
twitter just seemed outside this realm of usefulness tech that wont be used for his colonisation/asteroid mining end goal



5064  Economy / Exchanges / Re: The FTX conspiracy on: November 19, 2022, 12:06:57 PM
Why the fuck should they care though, about an industry most of them have labeled "a ponzi scheme", "a scam", and "a bubble"?

It's not just Reps I'm talking about it's also the Dems that heat up the story on the news.

biden/trump didnt and dont care.
simple fact. they have othe things to do.
trump wanted to play golf during is presidency. biden is doing alot of hand waving and tours

what you find out is that the "government" are not sitting at computers monitoring your browser history or coffee purchases..

what you fin is that BUSINESSES monitor their customers. and only report suspect stuff to regulatory authorities..

you then learn that the regulatory authorities are not senators/congress but businesses in of themselves. selling services. either paid in government grants or by financial services in the forms of licenes

these regulators were not created from a government senators garage.. they were businesses that wanted to operate as over watch. where they lobbied/bribed senators/congress decades ago to set up these departments and fill them up with banker employees.

where banks and banker employees then lobbied congress and senators for more powers over the years

take gary grenslar
he was not a career politician. he was not a congressman or senator.. he worked for goldman sachs before becoming the top guy of the CFTC and now SEC

..
to be completely honest
looking into grenslars background
(GS mergers &acquisitions)
(MIT’s Fintech@CSAIL, MIT Media Lab Digital Currency Initiative)
he knows a bit more about crypto asset shuffling than any senators or congressman does.

so he would be good at finding all the FTX crap

my personal concern of regulatory jurisdiction over crypto is if bitcoin is deemed a commodity as it would open the floodgates of lots of other regulators getting in and limiting things..
under SEC they can only play with the market businesses

the only "conspiracy" i can think of is that bitcoin is impending on being treated as a commodity which would have put FTX in a world of pain. and so liquidating himself now was better then plodding along as long as possible
5065  Bitcoin / Bitcoin Discussion / Re: Mempool if full, but what does that actually mean? on: November 19, 2022, 11:41:47 AM
firstly..
for those that dont even have electric or internet.. they would not be interested in crypto. due to no access at all.. (doesnt matter if its lite wallet or full node.. no electric means no access.. thats not a bitcoin problem thats a electric problem)

but for those that do have internet and electric. obviously they can get into bitcoin..(doesnt matter if its litre wallet or full node)
. they would get into crypto and yep IF they WANT they can be a full node.

bitcoin does not require(need) people to use a full node just to use bitcoin. but for those that WANT to. if you have electric and internet. then obviously you can

if you ignore american prices converted to african/asian currency..

and instead look at chinese prices shipped to africa/asia.

you start to see things are not as expensive as you think

yep we as british/american pay high because our currency is high
you soon learn this if you stop buying from american retailers and try to buy from alibaba/ali express that you can save alot of money..
same product. made in same factory your retailer sells a hard drive to you. but at a different price..

those crying that bitcoin should not grow due to price are narrow minded only thinking about their favoured altcoin profits potential if they can convince enough idiots to offramp over to the altnet..

these schemers are pretending it costs $1000 to be a full node.
i can pick up a 2tb hard drive RETAIL for under $70
i can pick up a 2tb hard drive drop shipped for under $40

we are not in the days of the 1990's where hard drives store less than a DVD movie

why is it the same dozen altnet supporters that always chime in trying to get people to offramp to another network

telling people that bitcoin is congested so everyone should stop using bitcoin is not the answer. the answer is to scale bitcoin

NO one is suggesting to leap to huge numbers so dont even friggen try that silly game. but just having some progressive scaling periodically is where we should have been moving towards years ago.
and before you push anouther debunked game. no segwit did not push onchain tx count up progressively.. tx count staled out by the time segwit wallet tx signing became available


and as for doomads delusions of grandeur about his opinions of history..
try to use some blockdata and some actual references that are not just quotes from a buddy of yours that tells you what you want to hear.

many people are peed off with bitcoin congestion and high onchain fee's... telling them to move to an altnet is not the solution
5066  Bitcoin / Bitcoin Discussion / Re: How will CBDCs will impact Bitcoin? on: November 19, 2022, 11:11:35 AM
CBDCs will be competition for Visa/Mastercard (centralized, fiat related), CBDCs will be competition for stable coins (centralized). Bitcoin (decentralized), as I said, will be pretty much unaffected.
i predict it will be Visa/mastercard running it in some fashion

CBDC is not where bank of england do everything for the british CBDC

what will happen is BOE will issue the initial premine of a few trillion CBDC£

smart contract it out to half a dozen commercial banks/payment services
and the commercial banks/services then handle the customer service/supervision stuff, because simple fact and logic there are not enough ministers/senators, civil servants to watch ever ones picnic and coffee purchases.. nor do they want or care to spy on everyone personally

..
if you research the chinese CBDC its not the PBOC thats handling it all. they have distributed the reserves(pre mine) to half a dozen commercial payment services
Alibaba, Tencent, Huawei, JD.com and UnionPay

the structure of the e-yuan
is the PBOC issue new currenct and share it down to the commerical payment services. the commercial services then have their own customers, so the commercial services then do the customer registration part and keep those databases inside the commercial services..

payments flow between the commercial services
if the commercial services find something suspicious they report that to the chinese department that deals with crimes.. not the PBOC and not the PRC
the police then see if its criminally suspicious, to then seek a court order via the court devision. which then gets the cops access to request more personally identifiable information about the individual account holder from the commercial service

oh and guess what folks
china. i said it china's CBDC has it where the payment services have 3 levels of account
amounts under monthly wage spends account level have no KYC. if you want to increase your income/expenditure limit. you can register for simple KYC and if your wealthy or run a business then you have to full KYC

..
its much the same as how the UK/US system works now..
and no, the US/UK system now of normal fiat is not where "government" are sat at computers watching everyones transaction.. they are reactive to reports cent by commercial banks

will people please do your research and use the search function instead of forming a silly opinion and then come in seeking people to agree with an opinion you might already have formed pre ask.

im not siding with anything but just writing what i have found out in my own research and observations.. but i keep seeing silly posts of people with no knowledge forming an opinion about something. asking a question hoping to get an answer that aligns with an opinion they have
 
5067  Bitcoin / Bitcoin Discussion / Re: How will CBDCs will impact Bitcoin? on: November 19, 2022, 10:24:07 AM
to normal fiat people they will just see it as another phone app. like paypal or venmo

certain CBDC are not as "overwatch" as tinfoil hat's proclaim
many of them have like a dozen different commercial banks being the account providers. where the commercial banks do the KYC.
and where within the commercial bank app. there are 3 levels of account
account limits(spendability amount per month) =under $xxx has no KYC
(imagine it like virtual debit card)
then basic kyc for above min salary to below small business amounts. then full KYC for the wealthier/business accounts

of course the currency inside the apps is not going to be deflationary so again its just fiat in a new app

so people will still, much like today want to hedge that inflation via a deflationary asset
5068  Economy / Exchanges / Re: The FTX conspiracy on: November 19, 2022, 10:15:56 AM
FTX when it first mentioned buying out dead crypto companies.. FTX became a liquidator. where everyone knows the tactics of liduidators.

incase you dont. the game is simple

imagine a dying company has(for demo purposes)
1000coin worth $16m
but has debt of say $32m

a liquidator would buy that company for just $1m
after all on balance its at -$16m

take out the 1000coin($16m good assets = great deal 16x profit)

and then loan the dying company(on paper) maybe $3m at most
thus getting $16m assets for $4m total so far
(liquidator: +$16m assets..-$4m fiat)
(dying biz: -$35m debt +$4m fiat)

then invoice for things like consultation fee's and IT maintenance, restructuring costs,etc and other fee's amassing to a few million.
take out that few million from dying company
(liquidator: +$16m assets..-$2m fiat)
(dying biz: -$35m debt +$2m fiat)

they then either just put that company into bankruptcy to write off the debt where any creditors wanting their $32m have to share out the $2m remaining

or the liquidator keeps the dying company around for a bit
by claiming on paper that dying company still has active loan of $3m he can offset any profits of liquidater business thus paying less tax
..

FTX done this. to other businesses he "bought"

FTX then shuffled the assets he accumulated into other business3es he owned so that the assets wont appear on FTX books thus no profit thus no tax

..
where those coins are now.. well no one knows
we know he sold some to HIS customers. but remained as custodian of them.. thus  today. those customers dont have the assets(coins)

and FTX hid them away. and wanted to banktrupt his own FTX businesses to write off the debts to customers..

but now authorities are stepping in to see if he done the asset shuffle legitimately using all the tax loopholes and currency movement loopholes of tax avoidance and legal business practice.. or if he EVADED tax with his shuffle games and debt creation games which is illegal
5069  Bitcoin / Bitcoin Discussion / Re: Binance- CZ wanted to orchestrate a bitcoin re-org? on: November 19, 2022, 09:25:58 AM
e. as for your foiled attempts to imply serious consideration. he actually says (if you dont snippet small chunks to wrap in foil) that he didnt even think it possible to even do
again he does not nor never did have 51% of the network hashrate. so it was not a serious consideration
I'm not sure if you are actually that gullible or you are that forgetful. Cheesy
It doesn't matter what CZ claims happened, the history doesn't change. The fact that he was running around like a headless chicken seriously offering money to other mining pools to join hashrate and perform a 51% attack on Bitcoin network is not going to change. So is the fact that mining pools and the community both showed him the middle finger.

its not about gullible or forgetfulness

there was no bribes to other miners to join activity either
it was other miners and exchanges that approached him to help and gave him the proposal

in the end it was speculation of social media that lasted... hmm ONE DAY

so heres the time line: enjoy

binance lost coins on may 7th. and someone proposed to CZ about a rollback.. and by may 8th.. CZ responded to say it wont do it for multiple reasons

if you want a better time line.. incase YOU forgot
7th: they stopped trading for "maintenance"
https://twitter.com/cz_binance/status/1125839310891053057
8th: he done a AMA to explain why the maintenance event happened
where someone proposed TO HIM to do a roll back
https://www.pscp.tv/w/1mrGmvjpbqBJy
"this morning alot of people have offered us support, and there is a few topics i will discuss in this regard"
"the idea came from the community and i did not know that we could do that"
"To be honest, we can actually do this probably within the next few days. But there are concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin."

note: alot of people forget purposefully the BUT part. and the later "decision to not pursue it" within hours of the AMA

note: he had been contact by miners and exchanges prior to the AMA about them supporting him either in funding or doing a re-org

try to put the conversations INTO CONTEXT

he said he had funds so didnt need funding support and said he would not do a re-org that same day.

listen to the entire conversations and also then do real research on who asked who what..

same day 8th
Quote
   After speaking with various parties, including @JeremyRubin, @_prestwich, @bcmakes, @hasufl, @JihanWu and others, we decided NOT to pursue the re-org approach. Considerations being:— CZ 🔶 Binance (@cz_binance) May 8, 2019
https://www.coindesk.com/markets/2019/05/08/binance-considered-pushing-for-bitcoin-rollback-following-40-million-hack/

..
yep done and dusted in one day.. no activity... thus no event
just social media drama between 3pm on the 8th of a AMA and hours later a "we decided not to pursue the re-org approach"

the SAME DAY!!!

how i have reminded you of the facts.

have a nice day

this is not about taking sides. this is about seeking the facts and making sure people like idiots such as this topic creator dont try 3 years later twisting things.. about events that did not happen. and were just a few hours of social media FUD that should have died the day it started
5070  Bitcoin / Bitcoin Discussion / Re: Good days to bitcoin will be back soon. on: November 19, 2022, 08:25:33 AM
See at this time I see no actual pumps coming to the market because it's kind of in the crash period

its not a crash period
bitcoins value is not derived from its ATH point. bitcoin value is derived from its low point.. which each cycle(4 years) that latest low is higher than the low of previous cycle

bitcoin has returned to GOOD VALUE

people are suppose to buy low sell high
they are not suppose to lock value in at a high to then sell low.. thats just stupid to trade like that

this is bitcoins good time to buy moment not a "crash/fear" moment

..
stand on the ground.. ground your self into rationality. and then look up to the future.. dont float in the clouds looking down
dont do it for me.. do it for your own stress and fear levels. it will help you

We are entering into the end of this year and contrary to our expectations of high prices we are stuck at $16k
we are not "stuck"
the market is testing the lows. testing it as a new non-zero support to then move up from.
testing the lows is a good thing. because once its tested enough that no one wants to sell below. where all those that could have done so or come to not want to.. then the markets move up

then knowing no onewants to sell below.. a new low can be found next time even higher

forget watching ATH.. watch the periodic lows. and watch how the periodic lows grow over time.. that is where the value lays. that protects your value.
ATH are just temporary events that dont last a day
5071  Bitcoin / Bitcoin Discussion / Re: Mempool if full, but what does that actually mean? on: November 19, 2022, 08:07:09 AM
dozens of devs are making whatever they damn well please because other people (not you) have proposed ideas those developers were inspired by.

you say things like bitcoin is politically neutral. yet YOUR politics where you want sponsored core devs to write whatever code into bitcoin rules that pleases the corporate need while saying users of the decentralised network have no way or should have no way to stop them from writing what core devs want.. is your not so neutral stance

LOL.  That's the most neutral stance there is.

yes devs should have freedom of writing code in any platform in any language.. but when it comes to what code gets to activate and become part of bitcoin.. core having mandatory methods to force THEIR whims in. is not true consensus of the decentralised network that meant to prevent forced activations to be possible

The thing about consensus, though, is that it does not care for, or even acknowledge, your ridiculous opinions about what "true consensus" might be.  Consensus is an enforcement of collective will.

yet.. you ignore forget pretend you were never around to have seen, avoid researching..
that in 2017 the MANDATORY activity not of the mass consensus of all full nodes. but a small portion caused the activation via rejecting blocks that did not support segwit. to get a false and normally impossibly 100% segwit flag
look at image
(emphasis its a visual representation of ACTUAL immutable block data of flags in those blocks that anyone can double check at any time)

.. and see:
blue line was the flag sponsored by the economic nodes of a only ~60 economic participants of big corp/farms agreeing to the NYA. it was not the mass consensus of full nodes. it was a threaten to flag or else be ignored..
they reached their 80% threat result in one week.. which required 1 month for that 80% to maintain to then...
. trigger the flag for segwit(red) to a naturally impossible 100%, due to the block rejecting of non flaggers which due to the unnatural 100% of the segwit flat.. segwit then activated

emphasis of the near perfect diagonal red line rise to naturally impossible 100%
that red line
november 2018-may 2017 didnt react even 50% of a 90% requirement
rise in june-july(due to the NYA flag actions/threats/worrys) where the segwit flag(red) that went straight to 100%
and this block rejecting scheme to get fake 100% happened before activation. to fake 100% to get the activation


emphasis. rejecting blocks before an activation is not consensus
again because for 5 years you are repeatedly blind to research or remember being told
BEFORE segwit activated. to falsely get segwit to activate


lastly..
everything i said in the discussion with you on this subject of the mandatory actions of not all full nodes but a small part of certain corporate aligned devs and businesses
can be backed up but immutible blockdata and also code...

your rhetoric is backed up by your preferences  and ideologies and fangirlisms of quoting your buddies that agree with you.. and there is only a dozen of them on this forum

many many many many people are peed off with congestion, high fee's and having to rely on custodians or altnets because bitcoin is being held back from onchain scaling by the antics of people like you and the economic nodes that prefer people to custodianse or offramp

while you pretend me and only me want onchain scaling.. you are ignorant of the hundreds of topics on this forum that talk about onchain scaling

while you pretend everyone wants LN
there are only a dozen topics about LN

yes you and your buddies invade other topics to advertise and promote that LN is a solution to users problems.. but thats false advertising because LN has more problems than bitcoin does
5072  Bitcoin / Bitcoin Discussion / Re: Binance- CZ wanted to orchestrate a bitcoin re-org? on: November 19, 2022, 05:06:13 AM
Which leads me to thinking, could large entities like exchanges or big custodians make some sort of arrangement with miners that if a hack would happen, the miners would execute a 51% attack on short notice to roll back the hacker's transaction

I personally think such arrangement is not likely, because miners wouldn't want to undermine public confidence in blockchain permanence, even for a big reward.

well although certain people want to sweep it under the carpet
in july 2017 the "NY agreement"(many exchanges(top economic nodes) done just that, agreed to accept segwit by threatening to ignore blocks that were not flagging for segwit.. this made niners agree to follow NYA, which at a certain NYA acceptance(blue) triggered the block ignoring of non-segwit flagging blocks.. ramped up only seeing more segwit flagging blocks. thus segwit flag(red) which had from nov 2016-june 2017 only 45% acceptance changed to a IMPOSSIBLE 100% acceptance of segwit within 1 month

blue=NY agreement. red =segwit flag

so yes its possible to get economic nodes(exchanges) to come to ANOTHER agreement and push miners to follow or be ignored(thus minder cant spend rewards if ignored, thus they follow)

but shh lets not talk about that event that did happen.. shhh or the censor committee will come out and shh you (humour for those that dont understand)

and instead cry about events that didnt happen.. oh wait.. thats the game play of certain fangirls that enjoyed the mandatory activation tactics of segwit in july 2017.. oops lets now see them chime in and defend their game plans
 (more humour for those that dont understand)
5073  Economy / Exchanges / Re: The FTX conspiracy on: November 19, 2022, 04:35:42 AM
I also just saw the news today, there are some allegations that the SBF has close ties to the Democrats and there are also rumors that the SBF has transferred billions of dollars to the Democrats. In the 2022 election, the SBF was the second-biggest supporter of President Biden's White House race with a total of $39 million.

1. as with al SBF bluster about billions.. its actually far less than SBF suggests
yep he didnt donate billions (you even quoted a fair total of all pac donations to dems of $39m... a far far off number compared to "billions")

remember SBF said he was worth $32billion.. yet thats spreadsheet numbers not bank account holdings

2. there was a large amount given to republicans.. but the republicans are now distancing themselves from all SBF associations, sweeping it under the rug that no one can see or speak of
5074  Bitcoin / Bitcoin Discussion / Re: Does everyone want bitcoin to be stable in price? on: November 19, 2022, 04:21:05 AM
"stable" needs to be put into context

"stable" does not mean flatline never change
it just means non volatile large price swings

take stablecoins
they are pegged to fiat. and as everyon alive this year knows fiat is not flatline

compared to goods available to buy. fiat has a 10% swin in a year

this means
any given day, prices of fiat goods can swing by alot but on average within a 10%(inflation window)

or if you squish the  lengthy year long line into a few inches it can be
+10%               /\   /
+5%   _/\   /\/\/   \/
  0%        \/
-5%

yep even fiat stable coins have a price to goods variance

so if there was a 3% a day up down swing within a window of just 15% rise a year.
people can still make an easy 300%-900% profit per year via day trading while having a "stable" price for p2p goods/services purchasing. and a long term rise that could beat inflation

so dont worry too much about "stable"
its not going to happen anytime soon but if it eventually does, there are still good profit potentials to be had
5075  Economy / Exchanges / Re: The FTX conspiracy on: November 19, 2022, 04:00:39 AM
conspiracy theories are the nut fantasies wrapped in foil.. however real world events of negative impact that harm many. are found in the empty voids and empty balance sheets people spend extra effort to avoid looking deeply into or speak of
...

the whole tin foil hat "oh FTX look at the dems" is just distraction to not discuss.. wait for it DCG

for instance loads of people talk about binance liquidity (which binance quickly proven they have good status)

no one is talking about the contagion snowball
FTX->DCG->greyscale->genesis->gemini->circle


yep FTX is in the DCG portfolio. and that has had ramifications for greyscale, genesis, circle and many other exchanges also in the DCG portfolio

DCG has had some backslaps from regulators at the SEC not allowing DCG to have a ETF and so as you can see there is a big reason for news outlets like coindesk(dcg owned) and other social news outlets of crypto to sway eyes away from DCG problems and push all those problems in another direction

for instance..
binance done its due diligence and at the moment of spotting something off. sold its tokens of FTT and got out scot free.. as all investors should before the walls tumble down

however DCG did not, and they were buddy buddy with ftx

yet news is shouting about binance liquidity and democrat tin foils.. yet near absolute silence in the crypto social sphere about how DCG has got hit.. no speeches about republican endorsements  and no real talk about the liquidity "prove reserve" chant of DCG exchanges
5076  Bitcoin / Bitcoin Discussion / Re: Does everyone want bitcoin to be stable in price? on: November 19, 2022, 03:43:44 AM
many people investing in crypto for just investing not utility purposes want the volatility. this is because they are not in it to accumilate bitcoin or use bitcoin. heck they are not even in it for the long run. they want the "get rich quick" scheme to get in and out ASAP and return to fiat wealth

those that are true bitcoiners want some stability where by they can do p2p transactions without needing to check prices hourly to ensure they are paying the best rates for goods and services

here is the thing

taking just 1% price swing profit a day is still 365% a year.. a better rate than most investors can get on anything.. and that 1% daily swing is less risk  than trying to do volatile trading risking %-10% gains or losses daily

it does not need to be volatile at 5-10% swings a day. nor stable at 0.01% change a week

stable does not need to mean constant/stagnant straight line

in short dont worry if bitcoin did become more settled down in volatility. opportunities will still remain to make nice profits across the year.
5077  Bitcoin / Bitcoin Discussion / Re: Good days to bitcoin will be back soon. on: November 19, 2022, 03:20:59 AM
Thanks, you made a nice point that we should not trust the third party for managing our crypto. Most of them are not really very customer friendly. But they have taken the lead and majority of new investors are trading through these 3rd parties only.
How can people really learn to handle their crypto assets, can you help me out on this.

people in general have all their lives been incodrinated into trusting banking systems as custodians. where they have had government insurance protections to ease their mind of distrust.

crypto however does not have these same government protections for crypto custodians. so its a education to teach people about self custody

the main problem is newbies getting into crypto for the first time were given sales pitches by other people they know in a short "get rich quick" scheme or told how bitcoin is secure, but not really explaining the finer details of differences of fiat compared to crypto, and risks

finer details are simple
bitcoin. deflationary, more secure in self storage. not middleman custody
fiat. inflationary. more secure in banks not under your mattress
5078  Bitcoin / Bitcoin Discussion / Re: Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance on: November 19, 2022, 02:54:38 AM
But there are still outflows and inflows that we really don't know what's going on behind the scene, and everyone is upbeat because of what had happened to FTX. And I guess this is going to continue, until everything settles down.

just like traditional banks. people dont deposit all their funds. do a action and withdraw all their funds same day

banks know people get paid a large lump at start of month slowly deplete it over the 30days until their next month

coin custodians/exchanges know people deposit. they trade for a few weeks/months then withdraw

banks/custodians know that people only move about 1%-5% of the reserves at any given time/day so the outflows and inflows are a small % variance on any given day compared to reserves

.. many other exchanges sweep those inflows to cold store often. where as binance waits weeks/months before sweeping. but suddenly this month binance sweeped all deposits in one swoop in a day to cold store that left the network congested with pending tx to confirm


5079  Bitcoin / Bitcoin Discussion / Re: Could 17.5k BTC actually be 13-14k pre-inflation? on: November 19, 2022, 02:37:16 AM
the war is just the excuse of world wide inflation

take energy.
here in the UK we have nuclear power and our oil/gas fuels are in the north sea. our energy companies increased its prices because its stuck with selling them on the global market order sheet(international price but even though the energy stayed local). but that just means that it profited HUGELY

inflation has been opportunistic
growth was held down for a decade, payrises of the lower wages did not move much so suddenly now there is a war politicians across the planet can hike things up in price and point the finger at "war"

that said
this seasons bitcoin prices still buy more goods than the last relative low before the last years ATH

yep before the last ATH the low was in 2020 of ~$4k

bitcoin in 2022 still at its lowest for 2022 stil buys more goods and services than 2020 bitcoin low
5080  Other / Beginners & Help / Re: Bitcoin Server _ V _ Bitcoin Client = "cryptography"= (PKh) on: November 19, 2022, 01:51:59 AM
moses.. just go do some research

you are an annoyance in the community
you pretend you are the inventor which makes people know you are a liar and in some ways an idiot

you have spent the last years playing silly games and wasting your own time with those games, where you have not taken the time to actually learn about bitcoin.

you are not helping yourself or anyone

you have no bitcoin switch and there is no bitcoin switch or secret. its all open source code anyone can read

i am not sure why you mention food in your post
Souvlaki(meat on a skewer) and eating donkey
seems your maybe on drugs half the time you post

when it coins to bitcoin whales/business interests
yes there are big business interests that hold alot coins. which do alot of sponsoring of devs to add features that benefit the business desires more so than the individual users needs for the network..

and at 2 major times of bitcoin past they have got the desired features they want included in the protocol for their insecure subnet stuff

so yes bitcoin core as the defacto single "reference client" is a 'central point of failure' risk. which everyone should be aware of to ensure review of code is done and keeping the devs on their toes and honest as much as possible to avoid that risk

but the blockchain and the coins are not central located or at risk to being lost
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