US dollar also has no reason to be used.

The replacement depends on who is trading with whom. If for example Europe is trading with Russia, they have no reason to use dollar. They use their own currencies (meaning both Euro and Ruble). Same with China.
If it is the SCO members trading with each other they will use the currency that the organization comes up with. Same with BRICS.

Obviously all of that won't happen overnight but we are heading towards that direction. Many European countries are already paying Russia in Ruble buying their energy (eg. LNG imports).

The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold.
 
This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues.

I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power.

Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history.

With that said, 2023 outlook is already bad economically speaking.
How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?

I will not agree that we are out of bearish market until we have to reach june 2023, because their is every tendency that Bitcoin can rise today and fall tomorrow as i started previously in another thread as i stated. But i believe that Bitcoin if the bond is strong i will not say we are out of the bearish market

I meant when the daily contest leaderboards are paid the rakeback also will be right away. I meant the daily cut-off time for rakeback is the same as other contest times. I hope it's now clear to you.

Btw I have already mentioned that the rakeback will go to directly the main wallet. So you can play/withdraw the rakeback right away without any wager requirements.

The same reasoning can also be applied to credit/debit cards, leather wallets, and other "containers" of money: people who have or use them in public are clearly not that poor. Yet, we rarely see people being attacked just after paying at the checkout of a grocery store.

Good news for the blackjack.fun community. Admin just made an announcement that Blackjack.fun has now a Rakeback system where people will earn everyday 20% of the rake back to their main wallet once the daily contests end. So this is now another big opportunity.

Those who are waiting for rakeback system, here it is now. So enjoy this for now and wait for another big news what would be come this or next week.

@windfury
you were trying to infer that FED actions were going to cause a BITCOIN SURGE
i first responded to correct your notions of how the fiat economy works. and in later posts  that not only will there not be a bitcoin surge to the extents you imagine. but  how FED actions doent imply/cause bitcoin surge reactions

i explained what does cause bitcoin surges

you then deviated to say none of your topic was about bitcoin economy but only fed fiat economy. which i then quoted your "bitcoin surge like its 2015-7" to remind you that you stated it was about bitcoin surging

All I have to say on this matter is this won't end well for Bitcoin if this becomes a spam chain.

NFT's are a WASTE of time we are supposed to be focused on being MONEY not a "utility" chain for data.

Satoshi clearly said NO to data on chain when BitDNS was proposed.

I think this is a stupid concept and idea and should not get any attention let's get back to being sound money.. Nothing more.

In other words people are exploiting Taproot for spamming bitcoin blockchain with garbage like back in early years where they placed it simply in the output script at any arbitrary size. Suffice it to say that that spam forced the introduction of very limiting standard rules that prevented such spams and the introduction of OP_RETURN with an 80 byte limit to manage the spam size.

In short all I see here is just an exploit of a protocol (Taproot scripts) that was not meant to be used this way so that they can inject arbitrary data that another self-defined and self-enforced protocol can detect and is not detected or enforced by the Bitcoin protocol. Like a side-chain jammed into bitcoin blockchain instead of having its own chain.

The basic cryptocurrency trading indicators are good tools for market analysis but there result is also useless at some point so it's better to also have fundamental knowledge about the crypto market, and things that impact the market (an example is mining difficulty which always influences the price of Bitcoin market and its the thing the result to the current bullish in the price we see in Bitcoin market).

This handbook is a guide to ordinal theory. Ordinal theory concerns itself with satoshis, giving them individual identities and allowing them to be tracked, transferred, and imbued with meaning.

Satoshis, not bitcoin, are the atomic, native currency of the Bitcoin network. One bitcoin can be sub-divided into 100,000,000 satoshis, but no further.

Ordinal theory does not require a sidechain or token aside from Bitcoin, and can be used without any changes to the Bitcoin network. It works right now.

Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios.

Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself.

https://docs.ordinals.com/introduction.html

@windfury
you are now showing you are doing some research along with the examples in the  MAHF topic. seems you are gaining confidence to do your own research and break away/not rely on the social spoonfeeds of the madhatter group(doomad/blackhat)

so . for now. ill refrain from calling you a default idiot. as long as you keep up the confidence to do your own research

do it for no one else, not even me. do it for your own mental wellness and your own fact finding efforts

do not fear the time it takes to do the research because even though it takes time. its less time then the years wasted finding social drama reasons to refuse to do the research for yourself

@windfury
you were the one talking about
"defation in 2023"
"Prepare to experience a big surge for Bitcoin like it was 2015 - 2017"

What do you think? I don't think it would make sense, for example to have copies of the seeds of both HW's at both sites because in a $5 wrench attack I could lose everything.

One drawback I see is that if the house burns down I would lose everything I manage with one HW, but well, that risk I also had now, having 100% of the management of my holdings in one site.

It is because your brain has already forced itself to remember that gambling gives you pleasure, and the nerves at the region in your brain that controls the release of feel-good hormones whenever you gamble has already been wired to respond to gambling positively.

It's incredibly difficult to go against your brain when it comes pleasure, as it's extremely hard to curb whatever activities give you pleasure because your brain will always choose the one that you feel the most pleasure in. Even if you lose a lot of money in gambling, your brain will always claw back in to getting your feel, hence why you feel addicted to gambling even though you don't have any means to gamble. You may feel bad at first, but these feelings of regret cannot really overwhelm the feeling of pleasure that your brain wants to get.

FOMC has more influence on stocks, currencies of emerging countries and borrowing, but it has less influence on gold and Bitcoin despite all attempts to link them.

The market is now thirsty for any news, and it will cause a domino effect, even if that news does not have a direct impact on the price of Bitcoin.

For example, during the past 10 days, the price increased by a large percentage, without any different economic news than before.

@windfury
POW is a mechanism to make an expensive id
NO where did i say useless (dont even start more social drama by injecting your own words)

Incorrect,

Satoshi choose PoW because it was the only option available in 2008 for what he wanted.

Since the servers must be trusted to a degree, some mechanism is needed to
keep them honest. Each server is required to deposit a certain amount of
money in a special account to be used as potential fines or rewards for
proof of misconduct.

http://www.weidai.com/bmoney.txt