vapourminer
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what is this "brake pedal" you speak of?
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January 22, 2021, 08:45:38 PM |
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This is not unusual or a big thing. Saying it was on "two chains" is invalid as there is only one real chain.
It was technically a "block reorganization". Happens all the time. This one was just more significant than all the others, and people ran with the FUD over a trivial number of satoshi. why was this reorg so important? we have had longer chain reorgs (even 2+ blocks orphaned a few times iirc but its rare). was it just some big shot who had no clue as to how corn and POW works noticed and freaked?
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sirazimuth
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born once atheist
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January 22, 2021, 08:48:23 PM |
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.... Its not every day the 21st day of the 21st year in the 21st century when a value of $21 gets reorganized on a chain with 21 mil coins
doo doo do do doo doo do do......
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wavessurfing
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January 22, 2021, 08:56:18 PM |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce!
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sirazimuth
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born once atheist
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January 22, 2021, 09:01:44 PM Last edit: January 22, 2021, 09:14:03 PM by sirazimuth |
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...... was it just some big shot who had no clue as to how corn and POW works noticed and freaked?
that.... or maybe some big shot who definitely had a clue as to exactly how corn and POW works, released the FUD, and swiftly bought the expected, ensuing temporary dip. may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! Now that's fucking rich. He's just playing on average Joe's ignorance. Small wonder in these times.
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d_eddie
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January 22, 2021, 09:09:04 PM |
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...... was it just some big shot who had no clue as to how corn and POW works noticed and freaked?
that.... or maybe some big shot who definitely had a clue as to exactly how corn and POW works, released the FUD, and swiftly bought the expected, ensuing temporary dip. ... with at least some nextech complicity.
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sirazimuth
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born once atheist
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January 22, 2021, 09:23:26 PM |
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Hell yeah, BTC. The whale's dream asset....
Billionaire... "I have a few million to play around with....what should I do for a shiggle and instant profit?" Informed financial advisor who knows his shit..."Have you heard of bitcoin?....."
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explorer
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January 22, 2021, 09:36:57 PM |
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Yes, but they may have also sold just to lock in some profits, not because of a false believe in a double spend. Don’t assume to quickly.
They sold at the bottom to lock in profits? I don't think so. They were spooked by something they didn't understand. Let the name Nextech go next to Mindrust on the no-coiner sell-at-the-bottom wall of shame. NilTech
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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January 22, 2021, 09:40:01 PM |
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why was this reorg so important?
It wasn't important at all. Massive FUD overdrive yesterday. Stacked another ~0.15 BTC, so can't be too angry with how things worked out.
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True Myth
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January 22, 2021, 09:52:38 PM |
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So, is it time to buy back in after panic selling at the bottom or do we wait another $2 - $3k? I've not sold a single sat
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explorer
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January 22, 2021, 09:57:23 PM |
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So, is it time to buy back in after panic selling at the bottom or do we wait another $2 - $3k? I've not sold a single sat No, you can't be sure NGU until at least 100k
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yefi
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January 22, 2021, 10:42:36 PM |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! Well that's nothing, I just discovered that an oz of gold merely represents 95 sextillion gold atoms. With a supply of about 600 nonillion atoms, gold is anything but scarce!
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El duderino_
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BTC + Crossfit, living life.
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January 22, 2021, 10:45:04 PM |
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True Myth
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January 22, 2021, 10:47:28 PM |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! Well that's nothing, I just discovered that an oz of gold merely represents 95 sextillion gold atoms. With a supply of about 600 nonillion atoms, gold is anything but scarce! I'm thinking maybe we should start using Honest Politicians as a store of value. Surely they are scarce...
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El duderino_
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BTC + Crossfit, living life.
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January 22, 2021, 10:48:56 PM |
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True Myth
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January 22, 2021, 10:50:10 PM |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! Well that's nothing, I just discovered that an oz of gold merely represents 95 sextillion gold atoms. With a supply of about 600 nonillion atoms, gold is anything but scarce! Also... did you see the replies lol
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heslo
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January 22, 2021, 11:19:46 PM |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! LMAO changing the decimal place doesn't make supply any less finite.... what a gug
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bct_ail
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https://t1p.de/6ghrf
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January 22, 2021, 11:34:01 PM |
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I don't think these old guys understand what happened at all.
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soullyG
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January 22, 2021, 11:35:37 PM |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! LMAO changing the decimal place doesn't make supply any less finite.... what a gug No way he's being serious. The guy is talking his bag (or lack of it) as per usual.
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El duderino_
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BTC + Crossfit, living life.
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January 23, 2021, 12:32:14 AM |
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HODLsleep
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El duderino_
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BTC + Crossfit, living life.
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January 23, 2021, 12:32:48 AM |
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HODLsleep
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