bad idea
in fiat land .. if someone knows you have a wal safe in your home. .. the more you try to tell them you dont know the key code to open it. the more strikes to the head you will get from them demanding you tell them

saying you have no access will not save your life. it may save your investment. but not your life.

instead have a second wallet with small amount and give them that. tell them its all you have ever had
..
its like street robbery. dont put al your cash in your easy to pickpocket wallet. only put $20 in it and keep your hundreds of dollars stored more safely. that way if ever attacked you only lose $20 and you give them what they want. thus removing the risk of continued assault.

average UK electric price in UK in say 2012 was 13pence kwh
now its 17pence kwh

but. hashrate since 2012 as scaled up by a factor of millions

..
in short ASIC efficiency will scale up the hashrate. while not scaling up the electric cost by the same factor

infact in just the last year. people moving away from using antminer s9 and moving to s19pro have seen that although 1 asic uses 2.5x more electric. and electric has increased by 10% per kwh in price in this time.. the hashrate has not declined.

however. due to mining communities not wanting to shoot self in foot by making difficulty jump by 800%
(14thas vs 110thash)
they have decided to not just replace all rigs of a mining farm from s9 to s19. meaning there was no jump from 100exa to 800exahash in the last year. instead they changed 8x s9 for 1 s19pro. to give same hashrate.. but now instead of using 10.4kwh for the 8 s9's they are only using 3.25kwh for the 1 s19pro

and slowly add another s19pro over time. trying to keep the balance of difficulty rise below 5%

what would be simpler is this
make a new coin. that starts off at genesis tomorrow. with all your address value limit features. and then.. guess what.. find a dang good reason/need/service/resource/utility it can solve beyond your coin control,
just to show your coin even has a reason to exist...
otherwise your fork..  is just another airdrop 'n' dump crapcoin fork

blockstreams only interest in bitcoin was to incept a few devs to edit bitcoin rules to allow a new transaction format, so that users can offramp away from bitcoin to use altnets..
altnets like liquid and LN(yep they exist)

the funny part is these blockstream people want to confuse the matter by saying anyone against blockstream must be an altcoin lover and should f**k off to some altcoin made by some scammer.
reality is those not liking blockstream are actually loyal to bitcoin(btc)
but not the group of devs that want to break bitcoin just to advertise highlight and garner users over to their altnets

(yea i expect the usual social drama queens to beat their chests and cry about how they have had this discussion so many times before and think they won before. yet history and post data shows they are just boring social queens that dont care about bitcoin(btc))

part of blockstreams business proposal is also to make bitcoin appear useless and userless to attempt to garner support for people to move over to these altnets due to 'faster payments' and 'cheaper payments'

the thing is though. these altnets do not have a network wide consensus of transaction audit. nor do they have a good independant store of account.

lastly although these altnets have no blockchain. no consensus, no network protocol. they want bitcoin to bend to the will of the altnets features rather then change the altnets feature to meet bitcoins.

psychology is simple
its the thought of if the friend is banging her ex now. then her friend might/must have wanted to before the divorce and so thoughts of betrayal that the friend might/must have cheated with him whilst first marriage was going on. or that the female friend may have been less loyal to alice in the first place and just wanted some frank meat between her legs all along. pretending to be friend with alice just to get reasons to be near frank

yes it might not be the case. but thats not the point its what alice might be thinking could have happened

the other aspect is things like. alice the now ex wife cant have open conversations with mary about the divorce and complications of the first marriage because mary is now getting pounded by the very guy alice has negative thoughts about. so from a therapy stand point. alice cant openly vent her frustrations about frank to the woman now yearning for franks genitals. so its a loss of trust and companionship

its just basic psychology. no one wants to talk to a person knowing what they may say might get back to the other party they are talking about. no one likes to open up about someone where the person you are talking to might be biased towards the person your talking about.

its a trust and loyalty thing.

some have already said. but worth repeating as it seems many have ignored/over looked

tl:dr

---

"what if btc reaches $61million per btc"........ use bits
much like how 1tonne of gold is $61mill.. no one measure per tonne anymore. they use ounces

---

long winded explanation
people do not need to invest full fiat to buy a full btc

say you initially invested $30k to buy 1btc back last december.
ta da well done you doubled your funds

but you do not need to invest all the $60k now to double.
instead you can buy $30k worth (0.5btc) and when the price doubles ta da another 2x

..
also if you cannot afford say $60k today. and can only afford say $6k. dont worry. 0.1btc can become worth $12k (2x) when the price doubles


what people dont realise is in the gold market. if the gold market was measured per tonne price. it would be a market price of $61,094,568 per tonne

but no one buys whole tonnes. so why care about that metric..
same goes for btc. why care about whole btc. when we could just have market price of say 'bits'(100sat) which converts as $60k per btc=$0.06 per bit

imagine all markets just showed that people can buy bits for $0.06
it will feel like its 2010 again where people are buying crypto for pennies
where each year it goes up from that few pennys per metric price

no one would care about a metric they cannot afford and instead be trading as if it was 2010 with units for sell for pennies

lets imagine it another way
how about a secret no one knows. before bitcoin had an exchange selling btc. there were a few people selling bitcoin not in btc but in pza. this was a bundle of units measured as about 20,000 in todays btc.

this was the trade of the 'bitcoin pizza' where by a pza(20kbtc) was worth about $30.
yea i just made up a pza metric. but the point is the value then was real.
and thats the thing. in bitcoins source code of how raw data is used in blocks and transactions.. there is no 'btc' just like there is no 'pza'
all block data all transactions since the genesis has always been measured in sats.
yes theres even no such thing as 'bits' in raw data. but again there is no such thing as 'btc' either so dont get too hung up on holding onto the illusion of a btc metric.. just like people are not hung up on a tonne gold metric.

markets can use different metrics for the same asset and not have a problem
whether gold is measured in killogram, ounce or gram.. doesnt mean anything
whether bitcoin is measured in pza btc bits.. doesnt matter

what people need to realise is if a tonne looks too expensive. use ounces.. if a btc looks expensive use bits

(my wealth is in btc form)

i used to spend btc in like the 2012-2015 period. but when the economics changed of things like fee's and a reluctance to expand the transactions per block. many merchants stopped accepting btc direct.

bitcoin is now promoted as an asset not a common currency.
bitcoin is now promoted as a investment not a store for the unbanked

(pre-empt replies: no dont even twist this into an advert for another network that allows micro transactions. im talking about BITCOIN not altnet 11decimal co-signer requiring non blockchain network)

im guessing this is about the small event of the binance.US recently

..
in actual news. this was an order error by one investor on one orderbook of one exchange. it did not affect the bitcoin price over all.

also to note. the market cap of bitcoin is not a real money number. its a multiplication of a price estimate of a single btc. that is all. there is no real money backing the market cap stat. its just an empty number.
so no.. "hundreds of billions" were not wiped from the market

and no it was not triggered by some ETF thing. it was just a bad number entry which a [whale] guy put into his bot to sell down to $8k rather then $58k

so u never ripped out the shielding to melt it into a tin foil hat. WOW i thought that would be your first priority

a side about smoke detectors. it seem many anti-vax done the research and revealed that smoke is not actually carbon, but instead the emanations of ghosts. and for only $1 trillion dollars Tvbcof will sell you a ghost hunter device, a alpha particle detector and he will also throw in his 'science' book of everything he has learned.
a few have a copy of his 'science book' they use it when on stage in comedy bars. so not really worth getting because in a few months everyone will get the joke

there are many layers involved.

but there gets to a point where those remaining miners have a bigger slice and decide they want to keep that bigger slice by expanding hashrate because they can afford to upgrade to keep the bigger slice. which then plateau's/levels out a dip to a new bottom that is non zero

in both the market and mining. there is a limbo area where seller become buyers. and lack of hash competition becomes upgrading hash

multiple ways

1. the government own the postal system. so they can flag up any delivery address and the postal system can get an alert at the initial postage depot before its sent across borders. narrowing down where the goods are coming from.
2. sites dont run their own servers and end up using hosted servers. spotting data travelling between a server and a proxy is childsplay. so it just becomes a game of following the hops.
not just of the clearnet host->proxy. but then of the proxy->tor bridge.

users are normally safe because a users random connection is not worthy of tracing in most cases. but when it comes to a cumulative amount of thousands of customers that hop to a certain end point. it becomes real easy to identify the end point.
even without a hosted server. ISP can show 'high traffic' usage.
yep an average user with netflix might use a few hundred gigabyte but a business/market uses soo much more. ISP may not have to know WHAT the data is. but the amount is revealing

3. social hacking. some websites recruit workers. and sometimes they let a government agent get recruited. then from inside the darkweb site. the agent then gets all the info they need

put all 3 together and wham. easy to find
just remember. this is not the 1800's where everything is logged on paper and taking months to find patterns. these days its all logged in digital form and takes milliseconds to find patterns and routes that overlap with other data sources

comedy gold

people really cannot see behind the retail prices of good. people cant understand there is more that makes up the price.

one guy argues bitcoin has not underlying cost and the price is 100% speculative emotion
one guy says the cost is the price

both wrong

if fresh pasturised milk was sold by the farmer at the same price the supermarket sold it to the customer then no one is profiting.

sorry but cost and price are not the same thing

have a nice day though

and it seems after having many conversations.. your thinking about minimum market value as if its talking about active daily price (because you used the word market)

maybe if you read the analogies you will detach your mindset from the PRICE. and take the word price out of your mind. put it on paper then throw away the paper.

read what i actualy said. its not the retail/spot price of the market. its the underlying value cost.
such as say the hidden cost of mining gold. or of the farming cost of fruit, veg, dairy

lets use dairy/veg as it seems you dont understand the gold concept
again forget the retail price customers pay at the grocery store. snap that grocery store price tag image out of your mind and burn it. please.

now think about the cost the farmer charges the retailer..
now think of the lowest price the retailer MIGHT charge if there was an over supply and little demand..

again not the active current price they charge a customer.. but the lowest charge they would dare sell at if supply was high and demand was near zero. and i mean complete bottom charge just to break even of their own cost of acquisition

they still would not give food away for free but the ultimate discount they would ever offer .. thats the underlying value... its a number all supermarkets secretly have.. but something you will mostly never see on a pricetag a customer gets to see

its not the markets daily hi-low.. its what some refer to as 'the new bottom' the the new zero.

the underlying value is a value line in a sandwich filling of all aspects that load up along with supply and demand speculation where the social drama and emotional decisions is the top piece of bread.

if your still after many conversations and many reminders and analogies only seeing the PRICE as a single number. and not the layers of what build up the price.
.. well its time you stop having conversations and start doing research.

and buy the way..
gold miners cost is not $1700.. so please.. do some research
gold miners cost is about $900.. they add on how much they want to profit.
then the smelter buys it below spot. the smelter has his own added value. and then it turns into a spot price.

gold is not sold for $900 right now.. go check google.
yet gold mining COST is not $1700 either

do you get it yet
its not about the gold market(spot) low of the day/week

its the underlying value of gold
you might see it occassionaly with the 'cash for gold' jewellers and scammy rip off merchants offering $900 to people for their jewellery as they try to buy gold cheap without having to do the hard mining. but they then sell the obtained gold for $1700 on the public market

..
now i hope you have finally got the concept.
PoS coins do not have this layer at the bottom filling of a sandwich. PoS has no cost. so PoS is purely speculative supply and demand

for el salvador, its simple. they do not want to be ruled by america when it comes to remittances and other currency matters.
after all america make the rules on the dollar not el salvador

with bitcoin el salvador does not "own" bitcoin. but elsalvador can finally set its own rules and regulations on remittance. without america's oversight

if its as described just a website that shows say 10 exchanges live price. then there is no issue.

if it asks for the customers login details of the customers 10 exchange accounts, to allow the user to make trades via api's linked through the aggregator. then big no no. i see security risks

you bumped after 40minutes... take a breath.

governments dont want to invest.
they gave up on gold 50 years ago after all.. the only believe in their fiat and their bonds

what the government want is to have legal control of laws and regulations of its citizens use of an asset.

take alcohol. they want to control
who gets to consume it(age law)
who gets to brew it(health and safety law)
income, tax and revenue

governments want to be able to apply things like an excise tax on good
they want to ensure large brokers are doing things honest and not ripping people off
they want to be able to make laws to monitor large trades for AML and tax evasion

they cannot make laws as is until they ban the asset/good/service. to then be in control of then giving licence to permit/allow use under their policy

EG with gold. they dont want to invest in gold. but they want to control the land/water permits to ensure gold miners do not abuse the land and water(environmental safety). they regulate the large gold exchanges/smelters to ensure they get tax from them. and also they can spot any money laundering/tax evasion.

comedy gold
your using an associated press article talking about small villages running on coal as your excuse to say there is laws against electric use in renewable area's and cities.
(hint bitcoin farms avoid the coal powered north east)

let me guess in your imagination you think china only operates factories for 4 hours a day..

and you also want to pretend that cities have mandatory blackouts at night where its like london blitz where anyone showing a glimmer of light at night will be fined

oh my god you are desperate.

its now highly apparent that you have never even run, visited or even researched a mining farm in china. never actually travelled or experienced china nor even spoke to anyone living in china to actually know what its like in china.

..
if however you are just exaggerating propaganda to cause argument on this forum. please find a new hobby to entertain yourself. maybe try comedy. you seem to have a skill of people laughing at things you say.


truth is.. just like in america, NY banned all bitcoin activity.. why.. so they can then offer licences. (research:NY bitlicence)
they cant licence something until they first ban it.
so aim your research at the real politics. not the media propaganda you exaggerate.
oh.. and um.. ill show you a picture. please do not react with anxiety over 'fines'


disclaimer: no chinese citizen was fined in making this pretty

we have learned by all other countries.
governments dont care about bitcoin impact on their fiat. they have tax, minimum wage, legal tender laws to keep their fiat active and priority. bitcoin wont replace their fiat

as for energy. since 2014 bitcoin mining has not been a 'environmental  harm'.. most chinese mining farms used renewables from the beginning. they also were not "taking" electric away from residents because most farms were buying from the "excess" allotment not the residential/industrial allotment. this scheme of buying the excess was actually making a hydro power plant more money to then upgrade/expand because without buying the excess, the power would just go to waste.

its like having a vegetable farm. where by supermarkets only buy the quality veg, leaving the wonky veg. then a food producer buys the wonky veg. the act of buying wonky veg does not take anything away from supermarkets.

what china do not want is the residential hobby miners trying to run multiple asics on residential electric networks. causing brownouts.. so my two cents are mining licences which ban anyone from mining more then 3kwh from home.. and require a business licence and industrial electric contracts if they want to be farms

its not going to make every viewer suddenly want bitcoin.

many businesses of many industries find that their average customer acquisition costs can be $40 whilst spending $40 to reach 15,000 viewers

basically for every 15,000 viewers they may acquire 1 customer.
so on that bases. rounding the 13mill to 15mill for easy viewer maths. equals only 1000 customers deciding to use the wallet app advertised

so with bitcoin having now millions of people.. thats not even a 0.1% uptick in new bitcoin users.

china is not actually as controlling as you think
propaganda makes it a belief that all citizens can only transact using a government approved app. where everyone is using a single app to live from. this is highly untrue. and if you want proof without leaving your town. go to a local currency exchange in your town and just buy some chinese currency. you soon learn you dont need to declare your life history or have a chinese government app to get chinese currency.

take other propaganda
china as a % have less people in detention camps than america. yep as a % of population china is more relaxed of detaining people. (china 0.07%: america 0.12%)

take world trade. everyone knows china does a heck of alot of trade. more then most countries. china do not santion rival countries. yep china make more products and allow more products to cross borders than other countries. the US for instance has more sanctions and product bans with other countries. where USA want to limit its own citizens from trading cross border. heck america even banned a highly branded chocolate egg, citing a choking hazard. yet the UK have been giving these kids these chocolate eggs without a problem

im not a chinese resident (im british white) but the propaganda of trying to make china look like evil dictators is a media problem not a political problem