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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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lightfoot
Legendary
 Offline
Activity: 3094
Merit: 2239
I fix broken miners. And make holes in teeth :-)
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April 12, 2021, 06:39:50 PM |
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In the meantime got the summer racing tires on the Porsche this weekend. Time to hit the open road....  |
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OutOfMemory
Legendary
Offline
Activity: 1526
Merit: 2993
Man who stares at charts
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April 12, 2021, 06:54:30 PM |
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Resistance got pretty strong in no time. I smell hedge funds...  |
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gallianooo
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April 12, 2021, 06:57:04 PM |
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In the meantime got the summer racing tires on the Porsche this weekend. Time to hit the open road.... which model you have ? |
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becoin
Legendary
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Activity: 3431
Merit: 1233
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April 12, 2021, 07:01:24 PM |
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Resistance got pretty strong in no time. I smell hedge funds... I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail. |
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El duderino_
Legendary
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Activity: 2492
Merit: 11985
BTC + Crossfit, living life.
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April 12, 2021, 07:22:24 PM |
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Resistance got pretty strong in no time. I smell hedge funds... I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail.  Soon |
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d_eddie
Legendary
Offline
Activity: 2478
Merit: 2895
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April 12, 2021, 07:26:34 PM |
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OK.. just to talk about Bitcoin for a moment...  Considering Bitcoin use on the rise in African culture... who are our Africans here? Does anyone have data on this? What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently. Exchanges for example. That they are NOT trading into a lower fee crypto to trade in. (BCH, LTC, DOGE for example). I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS. Are we seeing Gresham's or Their's law playing out there? From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint. +1 WOsMerits Exchanging off chain... how? The mother of invention... They might actually be onto something. It could be a web of trust backed by guns (fuck with me and Nigerian mafia will get your ass). I think we'll be the first to get more details, if it's really a thing. The WO is definitely part of the vanguard. |
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d_eddie
Legendary
Offline
Activity: 2478
Merit: 2895
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April 12, 2021, 07:28:16 PM |
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Resistance got pretty strong in no time. I smell hedge funds... I'd play with them and stack the last of the cheap satz. Just a handful, just to be able to say "I bought my last sat under 60k (or barely past that)". Let the hedgies work for us hodlers, not the other way round. We came here first didn't we? Resistance got pretty strong in no time. I smell hedge funds... I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail. I don't buy this. As I said, and more said before me, my hunch is they're just suppressing spot to get the best possible deal OTC. They won't be able to keep at it for long, says my SOMA system. |
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gallianooo
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April 12, 2021, 07:41:24 PM |
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Resistance got pretty strong in no time. I smell hedge funds... I'd play with them and stack the last of the cheap satz. Just a handful, just to be able to say "I bought my last sat under 60k (or barely past that)". Let the hedgies work for us hodlers, not the other way round. We came here first didn't we? Resistance got pretty strong in no time. I smell hedge funds... I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail. I don't buy this. As I said, and more said before me, my hunch is they're just suppressing spot to get the best possible deal OTC. They won't be able to keep at it for long, says my SOMA system. Fucking agree with you dude ! |
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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April 12, 2021, 07:51:16 PM |
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... Coinbase IPO will release tens of billions of fiat into the hands of long time bitcoin savy enthusiasts and maximalists, who are least likely to want to have the new dosh sit in fiat
.... they're just trying to keep a lid on this as long as possible and buy up the cheap coins
... no way btc is only worth 10x Coinbase market cap, the IPO event should fix most of that anomaly
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OutOfMemory
Legendary
Offline
Activity: 1526
Merit: 2993
Man who stares at charts
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Resistance got pretty strong in no time. I smell hedge funds... I'd play with them and stack the last of the cheap satz. Just a handful, just to be able to say "I bought my last sat under 60k (or barely past that)". Let the hedgies work for us hodlers, not the other way round. We came here first didn't we? Resistance got pretty strong in no time. I smell hedge funds... I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail. I don't buy this. As I said, and more said before me, my hunch is they're just suppressing spot to get the best possible deal OTC. They won't be able to keep at it for long, says my SOMA system. Seconded. They just try to build up sell pressure on spot, like they're used to on the stock market. |
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d_eddie
Legendary
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Activity: 2478
Merit: 2895
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April 12, 2021, 08:13:13 PM |
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I like what you say Marcus, BUT Coinbase have been net sellers of corn since their start, so I think some mistrust about that is granted.
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Biodom
Legendary
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Activity: 3738
Merit: 3843
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April 12, 2021, 08:14:46 PM |
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... Coinbase IPO will release tens of billions of fiat into the hands of long time bitcoin savy enthusiasts and maximalists, who are least likely to want to have the new dosh sit in fiat
.... they're just trying to keep a lid on this as long as possible and buy up the cheap coins
... no way btc is only worth 10x Coinbase market cap, the IPO event should fix most of that anomaly
IMHO, you are getting it exactly backwards, at least at first. Some institutions will sell btc and buy Coinbase IPO, unless WS plays some trick to push Coinbase down temporarily, like they did with FB. In fact, I see roughly 50% chance of the latter scenario happening. |
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Icygreen
Legendary
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Activity: 1463
Merit: 1135
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April 12, 2021, 08:26:33 PM |
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Do your own research and decide either way. This article is an advertisement to encourage you to subscribe to the website's dubious health program through promoting fear and ignorance. While the writer has already been vaccinated. A first grade kid could trash all 18 lame excuses. If there was an article '18 reasons to ditch Bitcoin' would you sell? Likely you would research who was behind the article and their motive. (Like Oh yeah Craig Wright sponsored the article to dis Bitcoin and promote his shitcoin or Big Corporation X wants an in to Bitcoin and needs to get your coins at a cheaper price etc.) My healthy 32 year old daughter non smoker, organic diet, active outdoor pursuits, caught Covid and spent 8 days in hospital seriously ill. 2 months on she still has some mild symptoms noticeably poor sense of smell and taste plus minor fatigue. Her ordeal made it an easy decision for me to get vaccinated. I have chosen to go with the vaccine game of russian roulette. My first shot of pfizer is tomorrow. Wish me luck.  And really, I wish you well. |
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Richy_T
Legendary
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Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 12, 2021, 08:32:33 PM |
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This is my life now...  |
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Richy_T
Legendary
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Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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“ Not a financial advice” Dedicated to all lovers on WO!  Until your wife finds out. |
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xhomerx10
Legendary
Offline
Activity: 3822
Merit: 7962
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April 12, 2021, 08:43:31 PM |
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“ Not a financial advice” Dedicated to all lovers on WO! Until your wife finds out. I'm out of merit but that is damn funny!  |
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WhyFhy
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April 12, 2021, 09:39:56 PM
Last edit: April 12, 2021, 10:29:09 PM by WhyFhy |
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OK.. just to talk about Bitcoin for a moment... Considering Bitcoin use on the rise in African culture... who are our Africans here? Does anyone have data on this? What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently. Exchanges for example. That they are NOT trading into a lower fee crypto to trade in. (BCH, LTC, DOGE for example). I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS. Are we seeing Gresham's or Their's law playing out there? From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint. +1 WOsMerits Exchanging off chain... how? The mother of invention... They might actually be onto something. It could be a web of trust backed by guns (fuck with me and Nigerian mafia will get your ass). I think we'll be the first to get more details, if it's really a thing. The WO is definitely part of the vanguard. opendime was aiming for it. I guess they are walking around with paperwallets or usb drives in different denominations?? good question though for sure. something like this can be done too  |
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serveria.com
Legendary
Offline
Activity: 2226
Merit: 1172
Privacy Servers. Since 2009.
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April 12, 2021, 10:18:56 PM |
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“ Not a financial advice” Dedicated to all lovers on WO! Until your wife finds out. I'm out of merit but that is damn funny! That is funny indeed. Merited both of you.  |
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STT
Legendary
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Activity: 3892
Merit: 1413
Leading Crypto Sports Betting & Casino Platform
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April 12, 2021, 10:52:37 PM
Last edit: June 12, 2023, 01:27:18 AM by STT |
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Resistance got pretty strong in no time. I smell hedge funds... I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail. Not sure if hovering here represents strength or a likely ceiling that means we require to revise lower prices still. Does an especially higher price require momentum to pass old prices or can it just hover and suddenly rise through both moving averages and prior volume pricing at the same time. This is a different kind of chart I thought the thread might appreciate, relates to varied economic prospects |
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