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aesma
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August 13, 2020, 05:36:41 PM |
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I just realized this morning under the shower that Microstrategy bought 1 in every 1000 BTC (0,1% of supply). Imagine other large companies starting to do the same, that's what could really pump the price. @Coindesk JUST IN: @coinbase will offer bitcoin-backed cash loans to select U.S. customers, beginning this fall. @Nate_DiCamillo reports https://t.co/pE9YP0jZNLThanks... and..told ya, they want you to lend your btc out and/or borrow against it, then, once it dips, collect your btc under some pretense such as 'you have exceeded your collateral limits, so the loan had to be liquidated'. Basically, don't do it. I'm not saying you should do it but I don't see Coinbase doing this. Will have to read the fine print of course. Cash is so cheap right now that they must swim in it so looking to do something with it. |
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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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Phil_S
Legendary
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Activity: 2091
Merit: 1461
We choose to go to the moon
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August 13, 2020, 05:52:28 PM |
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I don't get it how people just accept this kind of bullshit as a normal thing... |
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OROBTC
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Activity: 2912
Merit: 1852
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A pyramid scheme is an investment scam based on a hierarchical setup of network marketing, in which higher layer participants profit at the expense of those lower down. Fiat currencies are pyramid schemes erected by central banks, who actively manipulate the price of gold.  https://twitter.com/breedlove22/status/1293517596185079812?s=21Threw off a couple of interesting thoughts in my mind, duderino. Have some merit. BTC would have its own pyramid, but with fewer layers... And KUDOS to our WO members above who have suggested trickery might be afoot in the BTC borrowing (scams?) should the borrowers default on returning the BTC... BTC does count as money (both as SOV (Store of Value) and MOE (Medium of Exchange)) to at least some degree. I have used BTC as a MOE to buy gold. But I "stack" BTC in larger amounts as a SOV. El Señor Duderino provided me a valuable insight today. As have many of you. |
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yefi
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Activity: 2842
Merit: 1511
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August 13, 2020, 06:16:05 PM |
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That's total entropy where you have no information about the key, but we're starting from a position where we already know the fragments and just need the order - a grossly reduced search space. |
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d_eddie
Legendary
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Activity: 2492
Merit: 2899
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That's total entropy where you have no information about the key, but we're starting from a position where we already know the fragments and just need the order - a grossly reduced search space. Exactly. Knowing the 12 words but not the order implies only ~29 bits of entropy between an attacker and your key. https://www.google.com/search?q=%3D+log2%2812%21%29 |
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El duderino_
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Activity: 2506
Merit: 12038
BTC + Crossfit, living life.
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August 13, 2020, 06:49:51 PM |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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August 13, 2020, 06:55:55 PM |
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hah lol. and the thousand xmr bagholders in this very thread audibly gasp
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Torque
Legendary
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Activity: 3556
Merit: 5041
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August 13, 2020, 06:58:24 PM |
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Not sure what it's like in other countries, but in America the few times I've had to go into a doctor's office or a hospital, this is exactly what the doctors and nurses look like now. Do as I say, not as I do... |
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Searing
Copper Member
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Activity: 2898
Merit: 1464
Clueless!
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August 13, 2020, 07:01:01 PM |
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If anyone else is ever sued by him, they would be justified in asking the court to take a deposit in advance against fees in case of default. I find him slightly less appealing than an anal wart. Big Whoop! He never had to pay. No way to enforce it. Worse case for Craig Wright is that he can't go to Sweden. Big Whoop! If he loses the case in the USA the same thing, simply will not pay and not go to the USA and whine about such how he was screwed for the next decade! Nothing will ever get resolved with CW, nothing but 'spin' it is not my fault and I am Satoshi till the day he dies, get used this, it is never going away.  He will pay nothing he owes to any Court anyplace. He will simply move elsewhere to another country, most do not extradite on 'fiscal court rulings' like this. He also will claim a win/win on the USA case no matter how it turns out in the following manner (1) if he LOSES the case, he will not pay, but say it proves he is Satoshi because the court required him to pay! (wait for it) and (2) if he WINS he will say that he is still Satoshi, because the court could not prove he was not, it just proved the Klieman Estate had no rights to his 'supposed' Satoshi Hoard. See, he can't lose, as long as he can 'befuddle' some people till the end of his life with his 'conspiracy theory that he is the victim...too many people are making too much money the BSV sh*tcoin to ever let him be proven to NOT be Satoshi..add his ego and it is all a giant 'stall' tactic and flim/flam spin. |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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August 13, 2020, 07:10:19 PM |
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 today's paper |
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Toxic2040
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Activity: 1792
Merit: 4141
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August 13, 2020, 07:40:28 PM |
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aesma
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August 13, 2020, 07:51:43 PM |
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Not sure what it's like in other countries, but in America the few times I've had to go into a doctor's office or a hospital, this is exactly what the doctors and nurses look like now. Do as I say, not as I do...My cardiologist (in France) is obese. It makes me confortable in a way. |
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Phil_S
Legendary
Offline
Activity: 2091
Merit: 1461
We choose to go to the moon
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August 13, 2020, 07:57:53 PM |
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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August 13, 2020, 07:57:55 PM |
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Biodom
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Activity: 3752
Merit: 3864
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August 13, 2020, 08:15:14 PM
Last edit: August 13, 2020, 08:36:01 PM by Biodom |
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Just to give you a glimpse of a currently "crazy" world outside of orderly bitcoin, check out this "rant": https://youtu.be/iHgDKdjNnpY?t=932You need to be using your brain irrationally!! The starting point of this market is that people want to do something with their assets. Love the enthusiasm, but, boy, it is like 1998 in Internet stocks all over again. |
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aesma
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August 13, 2020, 08:48:10 PM |
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What he says there also applies to something like Tesla.
Well Tesla is a bit more concrete, but the valuation doesn't make sense.
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Torque
Legendary
Offline
Activity: 3556
Merit: 5041
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August 13, 2020, 09:07:23 PM |
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Just to give you a glimpse of a currently "crazy" world outside of orderly bitcoin, check out this "rant": https://youtu.be/iHgDKdjNnpY?t=932You need to be using your brain irrationally!! The starting point of this market is that people want to do something with their assets. Love the enthusiasm, but, boy, it is like 1998 in Internet stocks all over again. Yep, it's the dot com mentality all over again. I knew guys back then momentum chasing, FOMO-ing into complete garbage dot com companies. "Chasing yield" as they called it. All of them lost their ass (ets). Shitcoin scammers have figured out that you don't even need a plausible premise or plan to operate in the black. Just a shitcoin, a one-page mission statement and begin the FOMO pumping. The daytards will come in by the droves, ready to lose it all. |
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