The "less influence on Gold, and Bitcoin" either increase or it decreases depending on the situation of the market. Everyone should try to research about Pearson Correlation Coefficients between different cryptocurrencies, then include Gold and Bitcoin. If the value is = 0.50 - 0.75, it's fairly correlated, and if the value is = 0.75 and above, it's definitely closely correlated. It changes from cycle to cycle or cycles within a longer cycle.

My guess would be, its yearly value might be around some points above 0.50 because check the charts of Bitcoin and SPX Index. The peak during 2021, and the valley during 2022 were mere months different.

I was just merely making the reason clearer for the newbies, and the plebs like me, franky. I never said you were doing something in this topic.

 


Satoshi chose POW because it was the only FEASIBLE option available, and it STILL currently remains the only feasible option right now.

Plus in case many of you forgot, Wei Dai's B-Money experimented with a form of Proof Of Stake, I believe it was the first  to resemble a POS coin, but later said it was impractical because it couldn't solve the double-spend problem.

Let me just interject, for OP and the newbies in the forum who might misunderstand the post, that the mechanism is NOT "purely useless", it was designed as a way to be a Sybil Attack protection mechanism for the network. It's also where Satoshi's brilliance is shown because it also was implemented to be the mechanism for issuing the currency, and therefore also incentivizing the miners to keep continuing.

It doesn't what many of our opinions are, Bitcoin as a censorship-resistant cryptocurrency will be used where it's needed, and where it can help a person, a group, or a nation of people - for better or worse. Plus with that, the price will surge, and the speculators will come - miners, traders, investors - from many countries, and of different social classes.

The economist Milton Fried envisioned a decentralized currency years before Bitcoin was invented. That indicates that there truly is a need, a natural evolution for money, but there wasn't a solution found to solve the Byzantine General's Problem until Satoshi implemented POW.

I'm merely giving them the benefit of the doubt, and I usually do especially if it's a new service or product for cryptocurrency users. Plus I respect the cynicsm, but the point is, wouldn't it be unwise of them to exclude Bitcoin by default, and be closed source.

To let you know what I truly think, in my own personal opinion, no one should trust the product if their engineers/developers believe that doing both excluding Bitcoin AND releasing the product closed source would be wise decisions.

You came in the topic, and tried to derail it, without understanding what it is truly all about? I'm disappointed franky. I thought you were smart. Read OP!


You then try to gaslight everyone into believing that the topic was swerved into something else. Newbies, did you see that? That's = franky-101.

I'm very confident that they will, and that QE/BRRR-Money-Printing will return, BUT everything must be going through a deflationary cycle and a recession first. Wait for June, and check how high the inflation rate is in the United States. It might fall faster than projected. Plus why the United States? Because they are still the economic leader of the world, and every economy will follow that lead. Not China, not Saudi Arabia, but only the United States.

Plus because of Quantitative Tightening/reduction of the money supply implemented by the Federal Reserve, and other Central Banks in different regions around the world to fight inflation, there might come a deflationary cycle that might cause a depression and pull asset prices down because of low demand. I know that it's debatable, but it's not impossible in my opinion.


It's probably a surge like what happened during 2019. It was the middle of a bear market, but Bitcoin went from $3,000 to $13,000, then went back down.

The state of the economy. If it's in a recession the people would have no, or less, disposable income available to invest in stocks/bonds/cryptocurrencies.

Market sentiment is also another important element that can influence the price of Bitcoin. Because if everyone is bearish, there's less demand, and if there's less demand = no surge in price.

But what do you mean by that? The people in power don't need cryptocurrencies, it's actually a "pest" for them, a "Rat Poison Squared". They have no need for a permissionless, decentralized cryptocurrency because it would take away some of their control over plebs like us, and give plebs like us the ability to go around their laws.

I believe Russia should start thinking that they're like plebs like us. They buy could Bitcoin, and could weaken the West's  political strongholds. Because of the price caps imposed by the West, Russia could peg oil to Bitcoin and increase or decrease the peg depending on demand.

Can you post a link where it said that? It would be unwise, as a developer in crypto, to build a hardware wallet, then exclude Bitcoin.


It's not officially open/released to the public yet, I believe we should give it more time. Because that's going to be another unwise decision if they, as again developers, would make their software closed source. But if their market is the newbie-plebs during the next bull market, they might sell them in large numbers in a short amount of time.

OK, franky-101. You have already made your point. Please stop derailing the topic, and open your own and go start being a drama-queen there. I'm merely trying to make an argument that because of the tightening/QT, it might cause a delationary cycle that could start in 2023.

Plus if the deflationary cycle causes a recession by all definitions, in history, the cabal behind the Federal Reserve has always reacted exceedingly. Based on that, there might be massive QE/BRRRRR-Printing like 2008, and what did that bring to the market? Surges to ATH after ATH, a super cycle.



Quote me if I'm wrong, ignore if I'm right.

Get the context of what's being discussed in the topic, and stop being franky-101. You probably didn't read it with your obvious short-attention-span.


No one is crying, franky-101, except you and your Flat-Earther friends from the Big Block World SINCE 2017. Hahaha.


OK, we either learn the easy way, or the hard way, https://bitcointalk.org/index.php?topic=5192937.0

I learned the hard way.

Let's go back on-topic, or I start reporting to the mods.

What's everyone's opinion in utilizing the Lightning Network for mixers, in both inputs and outputs? Because Lightning transactions are not broadcasted to the public, it could add another layer of privacy. It's probably also beneficial for all mixing/tumbling services to cooperate, and route through each other before routing out to another Lightning node with many routing channels. It might also perhaps "clean" the users' minds from the psychological effect of "taint".

Watch, https://www.youtube.com/watch?v=RXH9S7PlD84

 

If your country's leaders went to Davos, or ordered to send delegates to Davos, let that be a warning that they are selling/shilling something in exchange for something more advantageous, or more beneficial to the buyer. The needing party always makes the necessary sacrifices to the buying party.

Don't post as if you truly know EVERYTHING behind EVERYTHING. Because, as many posters have already discovered, you have always lied especially about technical discussions about Bitcoin, you have disinformed and gaslighted newbies during the Scaling Debate, everyone can see the proof in your trust-rating.

I know that what I said is debatable, but I'm merely arguing for a deflationary event followed by massive QE and a massive inflationary event when Money Printer goes BRRRRR. Bitcoin will surge, and surge like it was 2015 - 2017. If I'm wrong by 2025 - 2027 then remind me, if I'm right then ignore me.

It actually should be the opposite during inflationary periods because prices of goods/commodities surge higher and higher. Your money is losing purchasing power.


It has always been the advice of wise investors that during inflationary periods, invest in energy stocks and stocks of companies that produce food. Higher prices are always a blessing for those kinds of companies because everyone can't live without what they produce.

OP, study the HODL Waves, https://www.lookintobitcoin.com/charts/hodl-waves/

Plus read this blog explaing everything, https://unchained.com/blog/hodl-waves-1/

I believe we should be encouraging "Buy the DIP and HODL", especially now that Bitcoin/altcoins is in the middle of a bear market. It's pointless to trade if plebs like us can't out-trade those people smarter than us, more hard-working than us, more capitalized than us, and with their army of trading bots.

https://www.youtube.com/watch?v=qdIooHrQeK8

Watch Jaime Dimon's face while he tells everyone that Bitcoin is a "hyped up fraud", a "pet rock" that's going to ZERO. DON'T BELIEVE A WORD HE SAYS! Because behind that face is the CEO of J.P. Morgan, the bank that's buying Bitcoin for its wealthy clients. They want the price to be LOW so they can front-run YOU, the plebs. Don't let them do it, don't sell your Bitcoin to the billionaires, YOU should front-run THEM.

I was merely giving you some context when you said that Segwit wasn't relevant in scaling, https://bitcointalk.org/index.php?topic=5433973.msg61614604#msg61614604

In fact, it was during the Scaling Debate. It was the compromise, the trade-off.


It could be debated that it wasn't wise option, but history showed the community that it was a necessary option. It was the "Ace in their sleeve", although risky.

Did you read the list? There are ten Core Developers who preferred BIP-148/UASF, found it acceptable, or wanting it.