Biodom
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October 29, 2020, 06:31:29 PM Last edit: October 29, 2020, 06:46:21 PM by Biodom |
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
Bigger pockets, bigger goals. That’s all. He is mortal like you and me, and we have both experienced first hand you can never have enough bitcoins. Once you reach your number you start thinking about the next one shortly after. Soon at the ATH there will again only be regrets not buying more. And add some FOMO feelings to the mix. He has never been through a bear market before, not even a proper dip. Absolutely..in fact many rich, who are buying just now, will probably consult with Winkelvoss bros during the bear. The bros (and Palihapytia) appear to run it up and down one-two times already. Winkelevi-going from 2bil to "measly" 300mil must have hurt. Remember that "billionaire" character from "Silicon Valley" show: https://www.youtube.com/watch?v=s9Bg4UU76so"why the f-k I smoke so many cigars?"
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Stavri
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October 29, 2020, 06:48:07 PM |
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All global markets are red today. Everything is negative... US elections are about to start. France, Netherlands and Germany are entering to lockdown. Bitcoin is still looks very strong. Looks like getting power from the chaos.
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philipma1957
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'The right to privacy matters'
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October 29, 2020, 07:20:04 PM |
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Also there are large drops in difficulty due to end of rainy season in China. This puts downward pressure on price. This difficulty my gear earns 1 btc for the entire 2 weeks But with a 15% drops in diff next 2 weeks I earn 1.15btc this means as a miner I have a spare 0.15btc due to higher earnings which I can sell off. Thus downward pressure on price from miners for the next 17 days. besides the expected .15 increase in coin for a 1 btc miner there are huge fees. https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorerblocks 654662 over 2.8 coins in fees 654661 over 2.5 coins in fees 654660 over 2.6 coins in fees huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly thus more downward price pressure. So whales sitting on 50 million in profit and big pools getting huge fees both point to us going down in price. Also there are large drops in difficulty due to end of rainy season in China. This puts downward pressure on price. This difficulty my gear earns 1 btc for the entire 2 weeks But with a 15% drops in diff next 2 weeks I earn 1.15btc this means as a miner I have a spare 0.15btc due to higher earnings which I can sell off. Thus downward pressure on price from miners for the next 17 days. besides the expected .15 increase in coin for a 1 btc miner there are huge fees. https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorerblocks 654662 over 2.8 coins in fees 654661 over 2.5 coins in fees 654660 over 2.6 coins in fees huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly thus more downward price pressure. So whales sitting on 50 million in profit and big pools getting huge fees both point to us going down in price. But if miners shut down, you own a larger part of the hashrate. You therefore receive more bitcoins per slower block. Yes? Additionally fees are higher so you receive a higher miner fee per block. I don't see why this would cause downward pressure. Doesn't it level out? And when the difficulty adjusts in four days or so you even benefit from your larger share in the hashrate. Interesting, there must be an Excel sheet out there doing the math. Yes lets say these 14 days I earned 1 btc and can hodl 0.5 btc from that. Next 14 days I earn 1.15 btc So I know I have .15 btc excess This allows me to sell it and not lower my btc. hodl of .5btc. So every miner knows they can sell a bit extra and still hodl the same .5btc so .15 btc extra of every btc can be sold. as for pools that keep most if not all of the fees. antpool makes 20 blocks a day so 20 x 2 = 40 btc extra each day income for a while puts downward price pressure. this is all short term until next jump. https://diff.cryptothis.com/Latest Block: 654684 (32 minutes ago) Current Pace: 85.7778% (1501 / 1749.87 expected, 248.87 behind)Previous Difficulty: 19298087186262.61 Current Difficulty: 19997335994446.11 Next Difficulty: between 17181497331477 and 17340842618679 Next Difficulty Change: between -14.0811% and -13.2842% Previous Retarget: October 17, 2020 at 11:34 AM (+3.6234%) Next Retarget (earliest): Monday at 2:39 PM (in 4d 0h 25m 45s) Next Retarget (latest): Monday at 6:17 PM (in 4d 4h 3m 52s) Projected Epoch Length: between 16d 4h 4m 26s and 16d 7h 42m 34s we are going to do a 16 day jump not 14 just because this downward pressure is happening now does not mean fomo won't happen. So on Nov 2 this particular factor leaves us. it only lasts Thur Fri Sat Sun Mon The actual hash rate has dropped 20 to 33% since the 17th the diff is reflecting 14% of it as the drop was gradual and the diff shows the peak and the lowest and average. but today's hash rate is 97-101 eh accord to this https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
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hv_
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Clean Code and Scale
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October 29, 2020, 07:34:26 PM |
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FullNode
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Don't Trust, Verify
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October 29, 2020, 07:45:59 PM |
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Master xhomerx10 is this image valid to make a hat? I would like to wear an authentic xhomer hat,soon Thanks in advance
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Torque
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October 29, 2020, 08:16:16 PM |
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Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin. It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional.
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explorer
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October 29, 2020, 08:30:53 PM |
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Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin. It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional. Too Late For Free Zeroes Every 4 Years. Quite possibly they will be using BTC without even knowing it by then.
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Phil_S
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We choose to go to the moon
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October 29, 2020, 08:32:12 PM |
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btw, we're up 60% since the halving...
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Biodom
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October 29, 2020, 08:47:08 PM |
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Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin. It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional. There is no way that 10% of US already owns bitcoin. I think that we are still in a low-mid single digits. However, I don't count owning a few sats on Robinhood for giggles a true ownership of bitcoin.
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xhomerx10
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October 29, 2020, 09:52:05 PM |
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Master xhomerx10 is this image valid to make a hat? I would like to wear an authentic xhomer hat,soon Thanks in advance The Bitcoin symbol? Validity guaranteed. avatar-sized I'm going to keep the hat simple so the BTC symbol stands out. Hope it fits!
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FullNode
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Don't Trust, Verify
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October 29, 2020, 10:10:19 PM |
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Master xhomerx10 is this image valid to make a hat? I would like to wear an authentic xhomer hat,soon Thanks in advance The Bitcoin symbol? Validity guaranteed. avatar-sized I'm going to keep the hat simple so the BTC symbol stands out. Hope it fits! xhomerx10 awesome, the bitcoin symbol is perfect with my username, the node has been running for 2 years without a break, I only lack a few merits and I will be able to use it Thank you very much Last merits for you
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Toxic2040
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October 29, 2020, 11:29:57 PM |
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Leave of absence, my friends. Busy with life. A few people around me were hit by this virus, but they've all recovered or are recovering.
Looking forward to more loitering here. Hopefully soon.
Go bitcoin go!
+1 WOsMerit Kinda doing the same..take care of yourself and family. --------- -snip- Validity guaranteed. I'm going to keep the hat simple so the BTC symbol stands out. Hope it fits! +1 WOsMerit Brilliant. -------- Thank you very much
+1 WOsMerit I like this pretty well. ------------ some charts #dyor 1h 4h D #stronghands
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OROBTC
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October 29, 2020, 11:33:23 PM |
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... I got my Bitpay debit card working today. The circle is now unbroken. I can buy and sell BTC/CA$H without exchanges (though had to do KYC). If I can do it, millions of other Americans can too. These services make it that much more likely that Bitcoin will see even greater numbers of users as they now can have confidence that they can "Exit" if they want. https://bitcointalk.org/index.php?topic=5285365.new#newEdited for clarity
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sirazimuth
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born once atheist
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October 29, 2020, 11:40:14 PM |
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I literally don't know what I would do if I was sitting on a $60m profit. sell 10%, use $6 mil-that's easy. Hahahaha... then you could sit back and relax to have your $6 million in cold "hard" cash and thereby be able to draw your $240k per year / $20k per month in passive income - not that you needed to withdraw $6 million in order to feel such comfort-levels, but to each his own. By the way, you could have just left the $60 million in the fund, and drew 10x my above numbers.... $2.4 million per year / $200k per month... minor details... I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me? I have no clue who this Michael Saylor character is (I don't follow or care about btc whale boastings) but I find it weird that one has to publish one's bitcoin holdings on the interwebs and how much they were bought for. Is he looking for some sort following of us mere mortals praising/worshipping him like ..."oh hooray for you! you are my hero for having lots of bitcoins!" Well I'm not doing that, and I really dont give a phuck. I keep my finances private although I do admit to regrettably posting on this forum hints about it in the past. My bad.
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Syke
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October 29, 2020, 11:49:56 PM |
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US elections are about to start.
Start? More than 80 million Americans have already voted.
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savetherainforest
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October 29, 2020, 11:57:15 PM |
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US elections are about to start.
Start? More than 80 million Americans have already voted. Poor thing... He probably doesn't know how 'Murica works yet. And... Regarding the Pool with under 13.000$ ... Well... it would have been more accurate if it asked "under 12.500$ ??" ... ... But meh. At least 13.000$ is bullish.
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yefi
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October 30, 2020, 02:04:08 AM Merited by JayJuanGee (1) |
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lol no joke. Guy is on a rampage. Almost makes me want to buy more.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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October 30, 2020, 02:20:23 AM Last edit: October 30, 2020, 04:55:54 AM by JayJuanGee Merited by vapourminer (1), xhomerx10 (1) |
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
It's not just you. At that level it seems less about bringing freedom and securing a future than it does about collecting the world's wealth into yet another segment of the uber rich. A sort of tech version of the Cantillon Effect. I'm not saying I wouldn't do the same if I had the resources but it's kind of kicking sand in the BTC narrative of equality and opportunity for the unbanked. Just more of the same story of the rich getting richer, anyone arguing otherwise maybe isn't looking at it from the point of view of the masses. Wherever you land on that argument I'm guessing that level of accumulation isn't something most of us would make public. That's kind of what I have been thinking - like he is doing more than just getting a meaningful stake in BTC, and maybe I am just having difficulties relating to that level of rich - even though I can relate to the idea that none of us should want to have our wealth eroded away. Regarding disclosure, maybe he felt some kind of duty (or potential legal obligation) to error on the side of overdiscloser - even his personal hodlings - I am not sure.. of course, he did have obligations to disclose matters to shareholders, and maybe since the shares are public rather than private, anyone could end up being (or becoming) a shareholder, so his personal stake in BTC may well be relevant to that matter.. I am not sure. I literally don't know what I would do if I was sitting on a $60m profit. sell 10%, use $6 mil-that's easy. Hahahaha... then you could sit back and relax to have your $6 million in cold "hard" cash and thereby be able to draw your $240k per year / $20k per month in passive income - not that you needed to withdraw $6 million in order to feel such comfort-levels, but to each his own. By the way, you could have just left the $60 million in the fund, and drew 10x my above numbers.... $2.4 million per year / $200k per month... minor details... I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me? I have no clue who this Michael Saylor character is (I don't follow or care about btc whale boastings) but I find it weird that one has to publish one's bitcoin holdings on the interwebs and how much they were bought for. Is he looking for some sort following of us mere mortals praising/worshipping him like ..."oh hooray for you! you are my hero for having lots of bitcoins!" Well I'm not doing that, and I really dont give a phuck. I keep my finances private although I do admit to regrettably posting on this forum hints about it in the past. My bad. Michael Saylor seems to be the real deal. He learned about bitcoin in a relatively short period of time, and largely he put his money where his mouth is. In his particular case, even though he has been getting a lot of attention, recently, he does not seem to be engaged in any kind of attention-whore seeking conduct, but instead there seems to be some kinds of need for disclosure that relates to his using the funds of a public company to buy bitcoin (as I attempted to address in my response in the above post to bkbirge.. Furthermore, under the confusing aspects of American Securities Exchange Commission rules, it may well be prudent (or even legally required) that his own personal BTC holdings and activities might actually have to be disclosed, too. Surely, Saylor has been going much beyond mere disclosure, and he has been going on a number of podcasts and he also has been decently active on twitter, too... Again, Saylor seems to have learned about bitcoin quickly (heard about it last year - like mid-2019 - but really started looking into it seriously around mid-March.. surely a quick-study), and he is really saying a lot of the right things, from a bitcoin maximalist position.. So getting to know Michael may well be a good thing. Surely, I am not a hero worshiper either, sirazimuth, but still Michael's case is quite interesting and seemingly quite relevant in the bitcoin space today, including the extent to which his actions and his words seem to be providing a road map for other like-minded companies (or even governments) to consider attempting to take aggressive bitcoin positions, earlier rather than later (there is only so much room on the blockchain space, as many of us longer term HODLers already appreciate that aspect of bitcoin that Saylor is tangibly demonstrating through both words and actions). lol no joke. Guy is on a rampage. Almost makes me want to buy more. Like this guy (aka yefi) says.
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nullius
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October 30, 2020, 03:03:37 AM Last edit: October 30, 2020, 10:58:46 AM by nullius Merited by vapourminer (1) |
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Sorry, folks, another hit-and-run. For better or for worse, despite the allure of forum community encomia, I don’t anticipate that I will be keeping up with the legendary Wall To End Walls About Walls anytime soon.Stay above the 13 mark ! Wow, I have not been paying attention ! Go, Bitcoin...
I just had to stop by and comment on this. It echoes something that I wrote for WO a few weeks ago, but didn’t post; it is symbolic, on so very many levels... Meanwhile...
I didn’t read any accompanying article, which requires Javascript just to read (after I searched to avoid Twitter’s Javascript requirement); but the first thing that comes to mind is to me an obvious question. The sort of “obvious” question that nobody stops to think about. How the fuck would the Thought Police catch illegal “conversations over the dinner table”!?I see two major options, which are not mutually exclusive. Option A: Turn your kids into little spies and snitches.Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism.In Nineteen Eighty-Four, Orwell fictionalized a scenario in which people were terrified of their own children. In reality, such things have actually happened in overtly Communist countries. And nowadays, in some various so-called “free”, very much democratic countries, children are being groomed (yes, groomed) to tell indoctrination camp “school” staff about everything from their parents’ political heresies to legal household gun ownership, under the rubric of “child safety” and “mental health”. Option B: Telescreens.I myself used to argue that people who have “nothing to hide” should accept taking software-controlled network cameras and microphones in their bedrooms. Then, I realized that they do just that— and they carry the same remote-eyes-and-ears-and-location-tracker at all times. Of course, that is “voluntary”—for you—for now. Today: China. Tomorrow: Your country.The app, which the Times examined, also allows police officers to flag people they believe have stopped using a smartphone, The authorities dragged Uighurs off to detention camps for having two phones or an antiquated phone, arbitrarily dumping a phone, or not having a phone at all, according to testimonials and government documents. If you don’t demand privacy now, then you will lose it altogether— forever.
Now I was going to write a long essay on the perils and frankly idiocy of carrying a surveillance device with closed source hard and software forged in the heart of the Evil Empires (commie and very commie), replete with references back to my own extensive oeuvre, some classical nudes and abstruse words, jumping down someone's throat who once said something in passing, but you'd probably scroll on by like the unmitigated savages you all are.
He looks like a nice chap. Wonder where he comes from. Originally. Ardfork or Ardgay no doubt one of those. oh I know must be Backside, Aberdeenshire. What do you mean, laddie? He is purely and simply Scottish!All Scots are equal, and he is twice as equal as any other Scot. Your question has no place in the glorious current year, when we are finally conquering the prejudices that bedevilled them old-fashioned old folks in the Dark Ages, a half-century ago. Yousaf is the son of immigrants who arrived in the UK during the 1960s: his mother came from Kenya and his father from Pakistan.
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Hueristic
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Doomed to see the future and unable to prevent it
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October 30, 2020, 03:47:54 AM |
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Option A: Turn your kids into little spies and snitches.Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism. DARE Scare: Turning Children Into Informants? http://www.druglibrary.org/schaffer/library/dare4.htm
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