Last of the V8s
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Be a bank
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May 01, 2019, 09:09:32 PM |
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^already posted twice to the thread, but not with all the graphs, so meh anyway please edit the size down to something reasonable: img width=500
There will be a minimum buy-in of $1 million Zhao Dong confirms
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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El duderino_
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BTC + Crossfit, living life.
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May 01, 2019, 09:23:24 PM |
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So I am guessing you missed out the college just like me but you are street smart I did miss Some of those yes only high-school myself.... I went to graduate school for an advanced degree in Neuoscience and I can tell you it means fuckall in terms of acquiring real life/world experience. The only 2 things I got out of it were: 1. A $30,000 student loan 2. Concrete proof that people who value intellect and associated status over all else are are massive cunts. There's obviously more than one way to be smart. That's another thing I learned. Whatever it is what anybody does in here .................... its way better as what you're doing, you waste page space, good members time with reading stupidity and you waste you're own time which is meaningless but still you don't know that so consider it to be waste as well.
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El duderino_
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Merit: 12091
BTC + Crossfit, living life.
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May 01, 2019, 09:26:22 PM |
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evergreendog
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Merit: 3
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May 01, 2019, 09:34:25 PM |
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Some of you guys seem to act like you are eternal holder.s Whats the point of making money if you never spend it and enjoy yourself. Never know how long you will live and you can enjoy it a lot more when your younger.
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cryptjh
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May 01, 2019, 09:37:48 PM |
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^already posted twice to the thread, but not with all the graphs, so meh anyway please edit the size down to something reasonable: img width=500
There will be a minimum buy-in of $1 million Zhao Dong confirms Didn't see the link to Bitcoin is a Demographic Mega-Trend: Data Analysis was posted already. But that analyze did have some great graf, so wanted to be sure they where here to be found.
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El duderino_
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Activity: 2506
Merit: 12091
BTC + Crossfit, living life.
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May 01, 2019, 09:38:12 PM |
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Some of you guys seem to act like you are eternal holder.s Whats the point of making money if you never spend it and enjoy yourself. Never know how long you will live and you can enjoy it a lot more when your younger.
HODL = enjoying, and no worries I’m no Ebenezer Scrooge....... most in here can handle their Fun and stuff.... didn’t you saw that Lebowski coat on that Porsche in here etc....
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Last of the V8s
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Be a bank
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yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined let that factoid sink in boyo
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Last of the V8s
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Be a bank
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May 01, 2019, 10:18:46 PM |
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BTCMILLIONAIRE
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I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?
And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.
>says he's invested in BTC >takes lame shots at BTC every chance he gets The more breher speaks, the more I think hes a troll that lives in his mother's basement, and owns no crypto at all. Putting him on ignore. Its the healthiest option at this point. What does he actually contribute of value in terms of conversation? He can't absorb incoming information, only rehash tired rhetoric. feel free to ignore him. i find he is a useful filter of information. ignores drama and fluff, only comments on technical stuff, with the chops to back up his views. also as i still have some bitcoin cash from the btc/bcash_lol split (so by default abc and bsv, or whatever tickers those are under now as i havent moved them since those split), its useful to see what the "competition" is up to. as it just may effect btc price. although it sure doesnt seem to effect it much nowadays. This is what I like about jbreher, even though I am against BCash. And despite some of our differences, HM seems to be working towards that style of arguing as well which I can appreciate a lot. As much as I love trash talking in private, I feel that if the general public made an effort to argue in a fact based and objective manner (objective as opposed to emotional) the political landscape would eventually follow suit. And that would overall be one of the most positive achievements of humanity, regardless of whether or not we follow a conservative or liberal approach. Right now there's just far too much of a school tier popularity piss contest going on. My hunch is that rational and fact based discourse would eventually lead to a fiscally conservative and socially liberal population, which appears to be the most sensible and empowering middle ground between the two ideologies. Fingers crossed Bitcoin and the current overall shitstorm will help us get there before we need to go for another round of WW. Technically, Bitcoin is permissioned, but I wouldn't consider it like that when you can pay cents on the dollar to ask for, and be granted permission by almost everyone else, especially if you're sending larger value with less data. These so called rent-seeking middlemen designed to centralize will fight each other (opposing centralization) to include your transaction.
They're miners, that's what they do, and that's their incentive to do it.
While centralization by volume is certainly a very plausible outcome simply due to Economics of scale, your post precisely outlines why it doesn't matter in the way that Roach suggests. There is nothing to stop me from starting a premium service for the disenfranchised. In fact, payment accelerators already exist and anti-censorship transactions are no more than a variation of such.
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xhomerx10
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May 01, 2019, 10:21:30 PM |
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yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined let that factoid sink in boyo
I save so much money not having to purchase nitrous oxide for laughs thanks to you.
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fillippone
Legendary
Online
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Fully fledged Merit Cycler - Golden Feather 22-23
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May 01, 2019, 10:23:02 PM Last edit: May 16, 2023, 09:18:38 AM by fillippone |
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@PlanB updated his bitcoin price graph: https://twitter.com/100trillionusd/status/1123691786252189697?s=21#bitcoin chart update: 12 months to next halving .. still green but already near Stock-to-Flow model value
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El duderino_
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BTC + Crossfit, living life.
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May 01, 2019, 10:27:36 PM |
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yeah don't worry mic spends more on Gin than the national defence budget of Suriname and Lesotho combined let that factoid sink in boyo
I save so much money not having to purchase nitrous oxide for laughs thanks to you. Yeah it was a good one, good to take with me into HODLsleep, exhausted whiteout knowing where from ?? Probably from HODLing and not spending a penny on whatsoever. GOOD night WO-bro’s Keep on the HODL theme and we Will be allright.
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BTCMILLIONAIRE
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May 01, 2019, 10:29:46 PM |
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Yes, I'd rather not champion the tether cause at all as I thought it was a fractional reserve from the beginning (you can find tons of my posts warning about it years ago) and still think it was but I believe they balanced the books by BTD during the winter and then had that law firm confim they had the funds but now they only have 75% because the US led attack on them seized to 750 million (orso). So it looks like they were completely solvent until the Good ol US of A went after them and that has interesting timing as other stablecoins that are institutionally backed are now launched. Things that make you go Hmmm. https://i.ytimg.com/vi/XM1-16wxe24/hqdefault.jpgThe government is only trying to protect us from our own bad choices. Such as getting a double mortgage to 80x long Tesla over a 420 meme Tweet. Or getting a job when you're on social welfare.
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Searing
Copper Member
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Clueless!
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Some of you guys seem to act like you are eternal holder.s Whats the point of making money if you never spend it and enjoy yourself. Never know how long you will live and you can enjoy it a lot more when your younger.
Crypto IMHO, is 'speculation' not 'investment'. It is the closest thing to finding out about 'a venture capital investment' that I will ever have...as insider billionaires do. (2013). Thus, IF you think there are really only going to be 21 million BTC and 86% have already been mined and BTC is like 'virtual land'. It is hard not to HODL. IF you put in $$$ you can afford to lose. That is the real kicker. Investments are stuff you probably can't afford to lose. Speculation on crypto/land or whatever is a different beast. So it is not that I'm not selling yet (besides panicking at about $3,965 USD BTC price (the horror) of 13 BTC. (now down to only 8 BTC from that). I have an out price after that bit of backsliding, I will likely be buried with 50% of the BTC Hoard, before selling if it does go tulips. that is my floor. Anyway, my panic sell aside, when all looked going to sh*t., that is what a lot of us are in HODL mode for. The above way of looking at how BTC/Blockchain/etc MAY evolve. (again calculated risk and speculation) It is that the blockchain is not like the Internet run back in the day. If you think 'adoption' is coming. Back in the day with the internet, there was NO money in the 'backbone' internet itself...it was in the 'applications' (Yahoo, Google, Amazon, eBay, etc). With Bitcoin and the blockchain (the bet is) the money will NOT be in the applications exclusively but reflected in the PRICE of bitcoin as the infrastructure of BTC and applications are developed. Thus the 'virtual land' analogy. I certainly am in no position now to mine the BTC I did from 2013, thus if I have drunk the kool-aid, this is the HODL plan. People confuse buying BTC and crypto as an investment...eh...kinda....but to me it is more a speculative venture capital bet that could still go (I hope) way bigger then we've seen in the past. If this was ALL about money, I'd have sold my first year, when it went up 10x and taken my 10k and left the table. I am enamored with the possibilities and not looking exclusively at the liabilities...thus I guess that is what a HODL'er means at this point in time. Anyway, how I see this. Dubious or not. (then again, I did as stated above, panic and sell 13 BTC (recouped 4 so far), so consider the source on the above rant) brad
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BTCMILLIONAIRE
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May 01, 2019, 10:37:08 PM |
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Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up think and doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
To clarify, my post was in reference to the cursive part. As I see it the real issue is with central banking, over the top tax rates and government wastefulness. Fractional reserve can work if done sensibly and not bailed out by the tax payer. It's no different from debt, which is a highly productive tool. Blasphemy. Partial reserve banking steals purchasing power -- and thereby wealth -- from the public at large, and concentrates it in the hands of the parasite banking class. Suppose it was transparent and properly compensated as opposed to the way it was now, e.g. if depositors were paid proper interest for their deposits used in fractional reserve schemes, would you still see it that way? If yes, why? The way I see it is that banks used to be necessary but not much longer will be, especially as Bitcoin establishes a status as an appreciating currency. As such I expect different banks running different schemes to attract clients, such as paying out profits made from fractional reserve trades.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
You have hit the nail on the head Darue: FR has been working for *BANKS* for hundreds of years, usually to the detriment of people who put their money in these banks then find it gone when the usual fraud followed by bank run happens. Or when banks/govt inflate the currency, meaning people who do not sotre their money chits in banks find it worth less and less over time. Bitcoin is supposed to be immune to this: You can't commit fraud with it because if you say you have a bitcoin it's easy to prove and if you can't prove it you don't have one. With dollars it's easy to fudge the numbers because there are few objective ways to verify the amount. Same with our beautiful "tethers" and other private blockchains (which is why private blockchain offers no more security than a good old fashioned database plus logs: If you can fuck with the database and logs you can fuck with the private blockchain). This is why I like bitcoins. And this is why I think they will have a problem in today's commerce world: Since you can't inflate them (12.5 every 10 minutes, even God can't change that) and since they are easy to prove or disprove you need some sort of intermediary that you can fuck with to cheat people. Enter Tether! Once private companies can convince you to exchange your non-fuckable bitcoins for easily fuckable tether you can have the "promises" be worth what they truly are. Remember, our current AG has said that he ain't prosecuting people for lying, so why not lie and say it's 100% backed, then "backed by things" then when called out get a "well, it's 74% backed by stable instruments". Bullshit: You're just stealing people's money, like banks have done for centuries. Welcome to the club, pal. The preceding has been a certified Lightfoot batshit rant. Contents may have settled during shipment.
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becoin
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May 01, 2019, 11:10:15 PM |
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you can enjoy it a lot more when your younger.
Really? Are you sure?
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Bitcoinaire
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May 01, 2019, 11:15:28 PM |
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And soon halving will be upon us, simple supply and demand!So Coinbase are doing 20kBTC/mo, Greyscale do 6kBTC/mo and now it looks like Square are doing 6kBTC/mo. Out of 54kBTC/mo mined by miners that’s already half the emission accounted for by those three companies. Now u know why we’re heading up 🚀 https://twitter.com/jpthor__/status/1123698996449566720
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