To the extent that I understood "New Spread Watch" it is ONLY focusing on price changes, and surely might irritate some members who believe the opposite about Chartbuddy needing to focus on the walls.. not the price.. (namely Jimbo).
The "2nd Spread Watch" did not show anything for me. It was just a blank image (black).. and I did not see anything happening therein.
I'm more worried than excited if I'm honest, because it is 100% certain that AI will be used by the establishment as a tool to exert influence, authority, pressure and control over people.
Just take a hard look at our resident fagot AI.
+1
I gather that you are conceding the effectiveness of yours truly...
in your own little inartful way.Here's the above referred-to tweet By PlanB:
"🚨BREAKING: Bitcoin valuation based on difficulty (hashrate) increased to $35k yesterday. IMO this could mean that, apart from possible black swans or short term volatility, based on $/kWh-arbitrage fundamentals ... BTC will never go below $35k ever again."
The first thoughts in my head was "how could such a smart person be so retarded sometimes" ... .. mostly referring to PlanB but sure maybe I might want to refer to others who agree.
It may well be the case that the BTC price will never go below $35k again except for maybe large spikes, but there is a lot of backwards logic if any of us are going to start to fall in the camp that bitcoin's price follows hashrate...
There could be some miners who end up getting purged out of mining when these mining costs go up, including that if there were a halvening right now, then the $35k would go to $70k and a lot of miners would end up getting fucked beause our current price is ONLY above $38k.
I don't feel like flexing this out more, even though I know that there are a few WO members who really believe that BTC price follows hashrate, and probably the most that we could get out of it is a symbiotic relationship, with price being determined by a variety of factors in which hashpower hardly plays any role.. and some of the larger determinations of BTC price relate with 1) stock to flow, 2) 4-year fractal, 3) exponential s-curve adoption based on
networking effectsas outlined by Trace Mayer and Metcalfe's law... and yeah one of the network effects is mining.. but still... retarded to be overly emphasizing some of the things and coming out with misleading assertions.
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