funny thing though

FTX made donations to the democrats.. and Republicans
i just laugh that tin hat wearers only talk about the dem donations

dems $27m
Reps $19m

seems we have Rep tin foil hat wearers angry that they didnt get more donations

ryan co-ceo $17m (R) American Dream Federal Action super PAC.
SBF ceo $2m (R) GMI super PAC

SBF $27m (D) Protect Our Future super PAC.

oh and one more thing
when businesses "donate" to not for profits. they get a tax write off. meaning its a no cost no loss thing to donate in comparison to paying that equal amount in tax

these amounts of maybe $70m combined if you include al the smaller donations of both sides.. amount to a tax rounding error. in comparison to the exchanges full collateral/liability amounts that are in billions

greyscales page has tables, and $valuations and pdf accounts
it says a aum of $10.57b (translates to ~635k btc)

seems a little convoluted to not just have a bitcoin address as the reserves proof. instead of a weird AUM with a small print disclaimer needed to explain it

does anyone know the btc address of the reserves
i know they say "coinbase is out custodian"
but anyone have the actual btc addresses

gloria zhao was not given it after being nominated by many contributors

if you check the github the maintainers just wrote "ack" like its a done deal, no explanations much of what she does that makes her worthy in their Ack (no promotional pitch to explain their opinion)

even though there were many contributors that had Nacks with explanations (though these were ignored)

her BOSS (yea she is paid by a company called brinks) fanquake.. who then helped gloria also get into brinks .. and then done the commit to sign her in as a maintainer.. (like it was a done deal)

maintainers are now mostly paid by 3 business brands chaincodelabs, brinks and blockstream

its worth knowing most funding of all 3 companies come from the same DCG group
the same corporation portfolio and dev pool(famous faces) sponsored to bring you the segwit/taproot features that altnets like liquid and LN want and need
(you know the ones. the ones that promise more onchain transaction counts but 5 years later no tx count rise)
(you kn ow the ones that want people to offramp utility to altnets)


in short it was a hierarchical top level maintainer vote to get her in..not a low level contributor vote by masses of independent contributors

its worth mentioning that Wlad (lead maintainer in recent years) and even achowe admit that bitcoin dev team of maintainers privilege is becoming more centralised and hierarchical

what you learn is user of full nodes are decentralised. but they mainly follow what their favoured services deem as the chain to follow because if their favoured services are following something else they are ignoring the users transactions. so users follow the exchanges decisions on all coins
(exchanges are deemed "economic nodes as oppose to just user nodes)

with coinbase also a custodian of users stake. those users again wont wont to go against their favoured service because saying no to a coinbase decided change is destroying the coins out of users stake to pay miners of the winning chain

so again users follow their favoured service.

this makes places like coinbase a double threat to control. becasie they have coin, code and user fanbase control even if the change is bad. their fans will follow or fear losing their stake
...
ethereum when PoS only had a market price trhat was 2x above value because as PoW value was high . but now in PoS the underlying value has droped 15x.. to a new gap of 30x but the price has not corrected yet. so expect ethereum price to drop soon.

right now ethereum is not trading based on its own merit of its own userbase of utility of token demand. it is if you look at the markets.. is blindly following bitcoin prices. meaning ethereum is being held up not by ethereum activity but of market arbitrage holding it up artificially

bitcoin is at great value to buy. ethereum is at bubble inflated premium and not good time to buy

those screaming and crying that bitcoin dropped from $70k to $17k

here is one revelation
the 70k was not a sustained amount that bitcoin sat at for a long time

bitcoin value is not at the top of a tsunami

bitcoin value sits at sea level. and each year this sea level does rise.

the 70k was a temporary tidal wave height.
people are not suppose to live and sustain surfing the tip of a tsunami all their lives..
instead they sunbathe and swim at sea levels and ride the temporary waves

look at the sea levels of the last few years
2020 seen a see level of $3k
2021 seen a see level of $10k
2022 seen a see level of $15k

im not saying dont enjoy the surf of large waves. but dont try living ontop a wave worrying about when it will crash

swim at low tide knowing the sea level will rise over time

if you turn off social media.. (quieten the noise of voices)
 you will notice that in the real cryptospace of crypto currencies.
(coins have no voice) it was not a massive earthquake. it was just a shudder

if you add up all the user accounts of coinbase binance,bitfinex, and all other exchanges. estimates as 300m users
so. FTX shook just 0.4% of people

99.6% of people(including me and you) were unaffected and are just gawkers and gossipers

bitcoins market price pre drama seen a $17k price. so a $16k price is not a ground breaking cavity for people to fall to their death in.

its just a wave of normal tidal movement being at low tide.

---

as for regulations
well alot of people think "regulations"  is just KYC

its not.
regulations come in different forms:
(-)user oversight
(-)business protection (cant litigate them if under a shield)

(+)business oversight
(+)user protection(make business actions illegal to protect users)

we do need to see more user protection regulations and less sweep a business practice under the carpet (ignorance)

but there are other regulatory things itching at the door trying to get into the crypto space
CFTC+EPA want to limit or restrict mining.
limit/restrict how much users can invest

a. CZ sold his FTX FTT tokens this month
try to read and do some research

b. the video of 2019. is not about him doing a re-org this year
its going viral this year to create fud.. understand?(guess not as usual)

c. no re-org happened then or is planned to now..  thus non-news non event

d. it didnt happen so why in 2022 are you sweating under the collar getting angry now.. calm down. it was a non event. and its not news now.. so chill out!

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

what i said above and in previous posts is about me trying to get you to use a rational mindset for once, to realise the social drama you love so much is not rational or correct. which if you done some research calmly you could probably figure it out yourself

edit to respond to the drivel below

we are in 2022 now. and dude below is getting angry and emotional now.. TODAY
.. about an event that didnt happen

heck he didnt even listen to the word of the video apart from a few snippets he took out of context to form an opinion today about a worry he then manifested in himself. that is meaningless today

weirdly he praises duplicitous actions that happened 5 years ago
.. but thats just his usual game. emotional over the social drama of his favourite fan club vs those that whistleblow his fanclub.. and yea.. FTX and blockstream devs(DCG portfolio) are blackhatcoiners fanclub

i never called BCH bitcoin
grow up you social queen of false drama


also you mention netflix
did you know the data amount of a netflix video to a users computer..

you will now.. so no future ignorant excuses if you want to scream netflix again..
 now that there are a over 200m netflix users. and they are happy to be receiving video.. they are not screaming "netflix unfit coz internet"


SD = 166mb per 10min
HD = 500mb per 10min
4K = 1166mb per 10min

and guess what.. no one is screaming "NETFLIX NOT FIT COZ INTERNET"

as for hard drive space

2010 hard drives were 250gb
2022 hard drives are 4tb


try to use some real world statistics and data and not your diatribe of lies and stupid antisocial stories your girlfriend  told you

he had $450m of value in FTX as FTT tokens which he sold and then whistleblew. so binance is solvant(not at loss) due to FTX,



blackhatcoiner. your wearing the foil cap..
the video is a old video.. its also if you listen without the foil crunching sound on your head.. him saying the community(people outside of binance) asked him if he could do it. and he was saying there are serious consequences of doing it and he doubted if he could even do it if he chose to.. he does not have 51% after all
so chill out.
he couldnt and didnt, thus its a non-event.

the video is just being spammed about to create fud

take the tin foil off, take the social media apps off your device. put a black.. or preferably white hat on and think rationally using your eyes and ears, doing research and actually use common sense logic and actual data/statistics

in short he does not have 51% so its a non-story event
calm down. have a cup of coffee, breathe, relax and think about things

if binance(CZ) was spammng the network by respending the same coin alotment every block. then yes baaaaaadd

if he is just sweeping lots of different coin allotments and its a case of there just being say 25m users deposits to move.. then thats just bad management of not doing it progressively over time instead of rushing it all in one go

as for the FTX stuff
FTX dun goofed and defrauded people. binance just whistleblew it

yes as a business i see him taking advantage of opportunities that present themselves. but wht business doesnt

FTX caused the problem because FTX was running a broken fractional reserved business that leeched/syphoned its customers funds away

yes other businesses should sweep deposits regularly into cold wallets instead of periodically
yes they should also show reserves (bitcoin addresses) clearly at all times of said cold wallets
and ultimately yes users should withdraw coins after they have done their in-exchange activities

but here is the thing. if binance was to release its customer coins as withdrawals to all users of 25m customers just once a month..
the congestion would be 3x the usual tx count for that entire month

meaining it would take 3 months for the congestion to settle

bitcoin network tx count cant cope with an exchange sweeping daily
this ends up that exchanges can only sweep once every 3 months to reduce/prevent congestion

bitcoin needs to scale to allow 100m people to even just p2p daily or just weekly without congestion
yep if you add coinbase 60m customer and binance 25m plus other popular exchanges. and one day say lets all just get coins off an exchange and just p2p it from now on.. thats 100m+ people that need to use bitcoin network regularly

all code is transparent there is no secret

there is no central blockchain source location
all data is on all full nodes. and they simply check and update each other. there is no central location

..
best wait to imagine it in old tech analogy
instead of a cheque being posted to a bank who clears it and adds balance to the banks records centrally

in bitcoin users post their cheques to everyone that that runs a full node everyone sees it and verifies the cheque looks good and keeps a copy.
then certain people (loads of them) (dozens of pools) collate their list of valid cheques into a batch(block) and then secure that block with hashing(mining) and then post out that secured block.. to everyone

everyone then verifies the block. and if there are competing blocks everyone decides which block is best to keep. as the secured batch of cheques to be deemed as confirmed

every on average 10 minutes(2016 blocks during 2weeks) different pools are sending out their own proposed blocks to everyone. and its everyone that then decide which one they like most. coming to a consensus(agreement) of which block is then accepted based on alot of rules of verification and acceptance

there is no central source of the entire blockchain. each user of a full node has their own copy and they share data between each other

"the idea came from the community and we did not know we could do that and there are serious consequences for doing that, so we will take that idea very cautiously"

also binance doesnt have 51% of the network

all in all.
no threat. just someone taking words out of context to scare people into thinking binance is even seriously considering doing it. . they are not. and even if they did. they could not re-org

a few thousands whales invested heavily in FTX. and they lost everything
however instead of wanting 'scam bankman fraud' arrested, they blame their loss on binance actions of whistleblowing (the lack of liquidity of FTX that triggered the drama) and blaming the SEC for wanting transparency of exchanges

stupid thing is kevin o'leary (sharktank) invested in FTX and lost all his investment.. calling it disapointing
 yet he still loves 'Scam bankman fraud' saying that he hopes to see SBF in a new crypto business in the future because he calls SBF a smart trader(the video captions instead wrote traitor good caption edit)

https://www.youtube.com/watch?v=eA0Uy926ozY

"bitcoin core maintainers" the main guys that have commit/merge privilege

Maintainers
Project maintainers have commit access and are responsible for merging patches from contributors. They also act as a final check to ensure that patches are safe and in line with the project goals.

Contributers
Everyone is free to propose code changes and to test, review and comment on open Pull Requests. Anyone who contributes code, review, test, translation or documentation to the Bitcoin Core project is considered a contributor. The release notes for each Bitcoin Core software release contain a credits section to recognize all those who have contributed to the project over the previous release cycle.

..

contributers can propose stuff(suggest code edits or spell checking comments). but that does not mean their stuff gets added to the core roadmap plan of what features or functions will get added. its the maintainers that do, though some maintainers do listen and some dont listen to contributers thoughts or proposed code.. the project is controlled by the maintainers and what the maintainers decide is the roadmap for bitcoins future direction

what he means is what the LN community call "atomic swaps"
where they trade different coins in LN

everyone knows LN can and does allow channels of different pegged currency(though they falsely pretend LN is bitcoin and only bitcoin)

everyone knows the msats in a channels payment onion is not actual bitcoin but pegged units of promise at 1:1000 rate (disclaimer: security risk:  no network audit/consensus to secure that peg rate)

but yes LN can swap coins. though with more disclaimers needed at a huge risk due to their crap code. flaws and bugs

pretty sure panasonic made batteries. but elon made a tesla car
does not mean panasonic is elon or vice versa

again yes many cypherpunks had many similar interests in electronic cash before bitcoin..
much like many car part manufactures had interests in cars.. but thats different to the guy they pieced them all together into a final product

also it does not mean that all cypherpunks that had known real names or any of the real known people for that matter used the satoshi name

satoshi could have been interested in cypherpunks and read their mails and posts and discussions and their white papers. but didnt say anything until late 2008

BULLS**t
those quick jumps of "segwit usage" are not users with independant wallets..
its leaps due to SERVICES changing to use segwit addreses
where by people are now custodianising their coin and then using subnets and sidechains instead of the bitcoin network

segwit itself is not actually much different in actual byte data length compared to legacy

the fee's are miscounted. and bytes miscounted but when it comes to actual real hard drive bytes segwit is not much different. in many cases it has allowed exchanges to batch up utxo's more causing a shift user:service of the blockspace to be more in the service side.

if you look at the amount of transactions over the last 7 years of all the scaling debates you will see after 2017 the tx count has NOT increased

even though if you added up all user accounts of exchanges and also how many independant nodes are on the network and how many lite wallets are spving their wallet brand servers has risen.. the tx count has not risen reciprocally

thus "segwit" has not reduced congestion. but the offramps to services/subnets has.

and we all know the security risks of storing value in those

do a little mental math
forgeting coinbase,bitfinex, etc(all other exchanges)
where coinbase has 60m customers

binance has ~25m customers
if 25 mill customer just wanted to 1 day a month buty btc and withdraw.. OR deposit btc to fiat exit/... just 1 event per month

25m events per month
(25m/4032)=6200 tx a block.. JUST FOR BINANCE

do you really think that bitcoin by looking at average TX a block for last few years(~2000) is actually scaled onchain to handle actually doing what it suppose to do EG not using exchanges as banks/custodians but converting and withdrawing to independent wallet

bit coin (the network not the crappy sub/side serves/network brand stealing) needs to scale

trying to remain in denial while thinking everything is ok because custodians and altnets take usage away to avoid congestion.. is not the solution

im not to worried, as an observer of CSW antics
lets play devils advocate
if he won judgement to breach human rights in regards to slavery of a dev. where a dev is forced to work for free to do CSW bidding of creating a bitcoin fork that allows his code..
that judgement alone just creates another altcoin...

however lets play further devils advocate and play out worse case scenario
it would also require not just breaching human rights act to force someone to work for free to do that.. but also separate judgements would be required to get the most economic nodes(exchanges) to be forced to run his altcoin node and list his altcoin on their exchanges and serves as "BTC"

without the economic node acceptance that the altcoin is the new bitcoin.. its just an altcoin

we just alert the community of another crap coin, existing.. and tell them to just move their real bitcoin to a fresh address . then use their now redundant private key to sweep and value they can snare off the crap coin and spend it before CSW does(free money for the community in ways of double spending a UTXO on his altcoin)

in 2012 there were only 11m coins on the entire network
yet 1mill coins on just mtgox alone
market orders ranged from 1btc-1000btc average

in 2022 there are 19m coins on the entire network
yet 0.5mill coins on binance alone
market orders ranged from 0.001btc-1btc average

there are less coins per marker order in comparison to 2012 even though there are more coins circulating on the network. yet the markets are stronger in ways of volume and trade

the price is not measured by how many coins are in circulation matching how much fiat is in circulation.

the price is matched by someone buying 0.0001 for $1.60 which. by simple maths evaluates bitcoin to be $16,000/btc

bitcoin always have bad social media news peroids.. these times test the lows of each period and see where the strangle point is where .. and i say this.. not where everyone gives up and bitcoin dies.. but where sellers say no more and stop selling. thus having a non-zero bottom where no one sells below

this value level of support this year has been $15k for a long part of 2022.. and even in these bad news days. that point is being tested.. and guess what.. it remains.

we have not seen a massive 50% mining hashrate loss. or a 50% loss below the value support of $15k

by the way even before all this socia drama bad news stuff of bad business practice.. where prices were over $20k
there was still an underlying value line based on not markets. but mining cost that supported a $15k non-zero line

and now we see the markets testing that line
the more times its tested the better. the more it doesnt break the better

it then goes to prove the $15k line is a good support of a non-zero bottom. people gain confidence again and the markets rise

elon is not bank account the richest guy in the world
elon is valuation on paper richest

this is because when someone pays just a couple hundred dollars for 1 share, it changes the valuation of all shares, even if only 1 share is traded
the companies he owns VALUATIONS are not the same as the amount of money in the bank
..

Elon is not a micro investor that only buys into a small community or industry.
he sees the big picture deals that stretch across many industries

did you know that he wanted to mine asteroid gold decades ago
he wants to be the service guy offering electric moon cars to colonists. drills to miners and rockets to the space transport industries

all his things like:
boring (tunnels for underground road networks)
solar (to charge electric vehicles)
tesla(electric cars)
space X(rockets)

are all just R7D projects for mining in space. yes while developing these he is profiting by selling his products to us earthlings on the ground

but the ultimate plan that has been in the works for decades is using all of these research products as a final speace mining project

..
bitcoin talk is not a community that discuss things of wide mutly industry implications. its not even a wide userbase, and advertising again limited to the community we are in.

there is no big picture multi industry business reason to buy bitcoin ta;lk for elon

space is a wide open void, where just communicating from earth to mars is upto 20 minutes delayed
blockchain synchronisation to stay at blockheight of any blockchain is not really viable
coins with a 30second block would be out of sync by 40+ blocks by the time they reach mars, even bitcoin with the longest blocktime of 10mins would be out of sync by 2 blocks.

elon for his earth based personal investment(he personally does not want to be in space as a colonist) likes crypto for its earth based utility.. but its not one for space based utility