The lines are pretty clear I must say the problem is more that there was weaponized misinformation.
The OP return limit does nothing and most miners already bypass it. The change with Bitcoin Core doesn't really change anything. Policy rules are rules that Core can change arbitrarily. This would be different if we were talking about a consensus rule which is not the case here.
That was part of the issue in 2017 too..
The question was not so much about whether increasing the block size might be a good thing, but instead about governance and how changes are made.
So in this most recent case, the substantive change might not matter as much as going down the road of just willy-nilly changing things.. which can cause issues in terms of bad influences coming to bitcoin and then forcing a change. A lot of folks are so far choosing NOT to run core version 30.. . .yet we will still have to see how it plays out, since not running core version 30 might not be a great option, either.. .and the battle and/or discussion is not necessarily over, yet.
But policy rules are not related to governance. The policy rules are subjective rules that are implemented by developers of Bitcoin Core. They can change them up and down at will. Consensus rules is where you need governance to make changes. Why should random people get to have an opinion on engineering changes that don't affect consensus? What makes them think they can have an opinion on it?
You might be correct in theory, yet guys likely will get upset if they feel snubbed, and since bitcoin is open source software normies feel entitles to participate and to be able to have input in regards to substance and/or procedures.
So, yeah there are substantive arguments and there are procedural arguments, and surely folks are not always going to be competent in terms of arguments that they are making whether they are arguing about process or arguing about substance.
You might also be correct that core can do whatever they like, and then people can choose or choose not to run the software and/or to create counter implementations, since it is all open source the code can be seen, to the extent it is understood or that others might have trust to run the software if it were an implementation that was not the same as core's implementation.
but I don’t think I’ve ever been as disappointed in Bitcoin as I currently am. Utterly pathetic 2025 so far.
I thought 150k was close to guaranteed but it looks miles off right now.
Less than 50% away is miles off? I think this flash crash has got you emotionally down. This is nothing. I expect better from long holders.
People react differently, and surely so far our current correction has ONLY gotten as low as 13% from the top, so it surely does not seem to be a BIG deal, yet LFC seems to be getting caught up upon a timeline, like bitcoin has to do a certain level of performance at a certain time, as if bitcoin is on a schedule, and surely it worked out somewhat for him when he was saying those same things in the last cycle (2021), and he even went through a similar dynamic in 2017.. and it can even be seen on the chart, so yeah, he seems to be getting it stuck in his head that the cycles are guaranteed to be within a certain kind of time parameter.
Lot's of negativity even from seasoned people, not too worried to be honest, expect to see higher prices soon(ish)
My thoughts are the same. We are at most 2 good weeks away from $150k unless people consider a 5% increase in 7 days a good week.
You are on a schedule too?
~snip~
[edited out]
I will be happy if we are over 120k on Jan 1. yeah 130 or 150 or 200 would be nicer
I can not cash in large amounts this year due to tax issues so I have to wait tll Jan 1 or later.
I need to cash at least 35k in coin next year to cover expenses.
And the extra income will hurt me tax wise if I do that this year.
You feeling lucky
, punk?
I had to throw that in there.
I was thinking more about Clint Eastwood.
If I had enough bitcoins, I would probably sell some for gold right now. This seems the best advice.
That would surely be dumb. Gold had already lost the sound money race, and the mere fact that it has a little bit of life in it should not divert any of us into buying it.. .. but hey.. do what you like.
But... What if the logic is wrong? If learned something during all these years is that when the chances for an explosive bull run are almost 0, she surprises everybody. I have the (SOMA) feeling that this is the case, and by the end of the year she will touch 200K. No arguments for that, no logic, nothing. Hence not a financial advice.
The reason that the upward explosion has tended to occur with bitcoin is based on fundamentals.. such as bitcoin is more than 1,000x better than gold, and it is the soundest money known to man.. .. so ultimately there is UPPity price pressures upon it, even if it had not been going up (as much as we would have had hoped) in recent times.
I sold enough Bitcoin to comfortably get me through six years now. I’d like to sell a lot more but I can’t at this price so I’ll just sit with my bags and pray.
When in doubt. Pray... Not a bad idea.
Gotta love widespread despair at
one hundred and ten thousand dollars per Bit Coin 
Also: "sell btc for gold's remarkable performance!!1" L.O.L.
Lots of lost puppies who are thinking that Gold is the preferable play (as compared with bitcoin).
If I had enough bitcoins, I would probably sell some for gold right now. This seems the best advice. But... What if the logic is wrong? If learned something during all these years is that when the chances for an explosive bull run are almost 0, she surprises everybody. I have the (SOMA) feeling that this is the case, and by the end of the year she will touch 200K. No arguments for that, no logic, nothing. Hence not a financial advice.
I wouldn’t buy Gold now. In hindsight it’d have been a great idea to buy earlier this year but I’d be too worried that it looks very toppy here now. How much more gas is left in the tank on its ascent? It looks really over bought right now.
I sold enough Bitcoin to comfortably get me through six years now. I’d like to sell a lot more but I can’t at this price so I’ll just sit with my bags and pray.
What I meant is if I had 1000
BTC, I would sell like 10-20
BTC for gold. But not for quick profit. More like longterm diversification for my heirs just in case. I'm perfectly aware that gold can crash 40% from the ATH and stay there for over 10 years. Thus it make sense to plan for 15+ years.
I don't know you would need 1,000 bitcoin.
Why is there to make the example so outrageous.
Currently, if a guy were to have a goal to have a lifelong income of at least
$80k per year with a 7% per year increase in his income, then he would merely need to currently have 14.857 BTC. Sure, he might not be sure if 14.857 BTC is enough, so maybe he would have 3-5 times that much, just to be sure... just to have a cushion... so that might bring him up to right around 74.285 to have 3 times the amount. There is no reason he should need to have 67x his threshold amount in order to justify diversifying.
Yeah having 1000 btc would call for some diversity in assets.
10=1.1million
100=11 million
1000=110 million
I would want about 5 keys of gold this is about 600,000
I would want around 25 keys of silver this is about 40,000
I would want actual cash euros pounds usd i would want 300000 in each currency
I would want 3 homes one not in the usa 2 in the usa. This would be around 3million
So all of the above would,be around 4 million or 40 coins i would keep the other 960 coins in multiple wallets
Where is the real estate? One needs things that have cashflow not solely rely on value retentation or appreciation.
If a guy had nothing except the assets that Phil described, then he could still get a cashflow
from his 960 bitcoin, and I personally believe that he could withdraw the equivalent of more than $5.17 million per year and even give himself a 7% per year raise, and he would never deplete his bitcoin (of course, he could monitor his withdrawal rate to make sure that he does not overdo it), yet that more conservative withdrawal rate could be choosing to ONLY withdraw between $1 million and $5 million per year rather than the full authorized amount of $5.17 million per year.
Poll
