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Showing 20 of 148 results by Itty Bitty
Hmmm, after the attaboy's and great job fella, I guess the next thing I would say is 'dispensing half the supply in the first 4 years....what da heck were you thinking??', and then I'd thank him some more anyway.
I think it turned out that enough bitcoiners who are also interested in ordinal/runes/spam don't want to do a number 2 where they eat, so they aren't participating so much.
This may also be the case for possible op_return increase changes. But having said that, I suppose if you get rid of guns people would still kill each other, but you'd probably filter it down to only the most determined.
This may also be the case for possible op_return increase changes. But having said that, I suppose if you get rid of guns people would still kill each other, but you'd probably filter it down to only the most determined.
I got nothing for you on the technical side, but how does a 3/4 multi-sig, with you holding 2 of the keys, appeal to you. This way even if the other 2 keys are found and conspired against you (your ex-wife found the key at her home and got hold of your safety deposit key?), they can't spend the bitcoin, the most that could happen is the bitcoin would be frozen until something was worked out?
I wonder what name his kids use at school when the subject of their dad comes up. Surely the Nakamoto children don't use Satoshi? Maybe Sam, or Steve, possibly Sheldon?
Re: Has the drop in Bitcoin's price made your mood even worse?
I don't have a strong heart; seeing the red numbers makes my heart tighten. To ease my anxiety, I've even avoided checking the price.
Do you not speak any whale?
It's easier to learn than English, but harder than Chinese.
Right now, it's saying "separate yourself from your bitcoin, pal, remove that burden from your portfolio"
I'll let you know when they are saying something else.
Re: Bitcoin Dips to $58,000 Amid Market Volatility: What's Next for the Cryptocurren
Man those analysts had some deep insights.
The thing about the bitcoin price is it's usually going down or sideways - heck, just look at he last 5 months!
As such, my analysis shows the price should be below zero, because that's what should happen when the price goes down or sideways a lot. And yet the price defies these realities.
I'll let you know what's going on when I figure it out.
The thing about the bitcoin price is it's usually going down or sideways - heck, just look at he last 5 months!
As such, my analysis shows the price should be below zero, because that's what should happen when the price goes down or sideways a lot. And yet the price defies these realities.
I'll let you know what's going on when I figure it out.
One would hope that a thoughtful court of law would recognize that the usefulness to the public of greatly reduced time to complete a transaction ( a few seconds at most), along with transaction fees that are a tiny fraction of main chain fees, would overwhelmingly dwarf the negative impact of the few illegal transactions that may be occurring (much like with cash).
This is why I am kind of unimpressed with Phoenix wallet running away from the US market so quickly after the Samourai charges, when they weren't charged with anything.
This is why I am kind of unimpressed with Phoenix wallet running away from the US market so quickly after the Samourai charges, when they weren't charged with anything.
Re: Bitcoin Ordinals Inscription an Avenue for Bitcoin Lightning more Adoption
there is a few other things happening aswell..
there is a counter attack to break ordinal count
this is where they create a zero btc value utxo then add in junk ordinals. to then cause a miss count because there is no sats in the output. thus breaking ordinals proposition
just grabbing the latest block and looking at the first transaction the one with the highest fee
https://www.blockchain.com/explorer/transactions/btc/97268b40be559a05e8d328743c883408a63265f4da89262f15533f66230d4ed3
people are paying stupid amounts to attack ordinals. but all its doing is causing more fee mania
its spam fighting more spam causing more fee's
Interesting. can you link where you got the "creating missed counts" counter-attack from? Or did you figure it out yourself?
Re: What will be running in your mind if Bitcoin reaches $1000 again
I'm curious how many people at these Cefi places bought bitcoin specifically to get a higher interest rate. Like, how many people thought, hmmm, I can deposit my $10k in a bank CD and get 0.5%, or I can buy $10k worth of bitcoin, deposit it on cefi, and get, I don't know, 4 or 6 or 10%+ interest? In other words, how much of bitcoin's price rise came from this kind of (sort of artificial) demand?
On the other side, with fewer companies and coins available for re-hypothezation, that should reduce this (sort of artificial) selling pressure overall, shouldn't it?
On the other side, with fewer companies and coins available for re-hypothezation, that should reduce this (sort of artificial) selling pressure overall, shouldn't it?
"But all they have, and see with their own eyes to have, are numbers next to their addresses"
When you wrote this for some reason I thought you were referring to UTXO's when you wrote "addresses", and that you had taken a deeper dive into bitcoin than I thought. I wonder why my brain translated things this way. Maybe because you took the time to write so many words, I must have figured surely this person had taken a deep deep deep dive to write so much. Oh well, my bad.
When you wrote this for some reason I thought you were referring to UTXO's when you wrote "addresses", and that you had taken a deeper dive into bitcoin than I thought. I wonder why my brain translated things this way. Maybe because you took the time to write so many words, I must have figured surely this person had taken a deep deep deep dive to write so much. Oh well, my bad.
Your post is amazing.
Almost everything you wrote is silly. Except somehow, some way, you understood what few people realize, that Nakamoto's system does nothing more than transfer integer numbers from one long string of letters/numbers (public address) to another. These integer numbers today are called Satoshis (in honor of), and the white paper does not mention the word bitcoin at all. The word "bitcoin" (when used used to represent the system's native token) is just a representation of an amount of satoshis, one bitcoin = 100.000.000 satoshis. You are correct in your assessment that all that is happening is that regular plain old integer numbers (satoshis) are being rearranged.
How you were able to understand this, and not understand anything else about how bitcoin (the network) operates, or how the systems protocol works, or how it can be used as an electronic payment system, or the implications this could have to the future of finance in this world, or why it is accruing value over time, is just mind blowing.
Almost everything you wrote is silly. Except somehow, some way, you understood what few people realize, that Nakamoto's system does nothing more than transfer integer numbers from one long string of letters/numbers (public address) to another. These integer numbers today are called Satoshis (in honor of), and the white paper does not mention the word bitcoin at all. The word "bitcoin" (when used used to represent the system's native token) is just a representation of an amount of satoshis, one bitcoin = 100.000.000 satoshis. You are correct in your assessment that all that is happening is that regular plain old integer numbers (satoshis) are being rearranged.
How you were able to understand this, and not understand anything else about how bitcoin (the network) operates, or how the systems protocol works, or how it can be used as an electronic payment system, or the implications this could have to the future of finance in this world, or why it is accruing value over time, is just mind blowing.
Something you are saying is wrong, in the White Paper, SN mention first, Bitcoin: A Peer-to-Peer Electronic Cash System . What Snowshow is writing is revealing his own identity.
You are correct, bitcoin as the native token is not mentioned.
Your post is amazing.
Almost everything you wrote is silly. Except somehow, some way, you understood what few people realize, that Nakamoto's system does nothing more than transfer integer numbers from one long string of letters/numbers (public address) to another. These integer numbers today are called Satoshis (in honor of), and the white paper does not mention the word bitcoin at all. The word "bitcoin" (when used used to represent the system's native token) is just a representation of an amount of satoshis, one bitcoin = 100.000.000 satoshis.
How you were able to understand this, and not understand anything else about how bitcoin (the network) operates or how it can be used as an electronic payment system, or the implications this could have to the future of finance in this world, is just mind blowing.
Almost everything you wrote is silly. Except somehow, some way, you understood what few people realize, that Nakamoto's system does nothing more than transfer integer numbers from one long string of letters/numbers (public address) to another. These integer numbers today are called Satoshis (in honor of), and the white paper does not mention the word bitcoin at all. The word "bitcoin" (when used used to represent the system's native token) is just a representation of an amount of satoshis, one bitcoin = 100.000.000 satoshis.
How you were able to understand this, and not understand anything else about how bitcoin (the network) operates or how it can be used as an electronic payment system, or the implications this could have to the future of finance in this world, is just mind blowing.
Bitcoin has decreasing inflationary pressure (reduced block rewards over time), increasing deflationary pressure (people losing keys, dying without properly passing coins to next of kin, etc), and what appears to be increased education resulting in net hodler money increasing over time. Doesn't sound much like a shiny yellow rock which an ounce of will buy a nice suit in good times or bad.
On the other hand Gresham's law says bad money drives out good, so no one wants to spend much bitcoin until it becomes bad money (don't hold your breath). Although maybe to keep the network going you should spend some, maybe in a "cost of doing business by keeping the network healthy" sort of mentality.
So basically, it's too early to be a currency and doesn't sound much like gold either
On the other hand Gresham's law says bad money drives out good, so no one wants to spend much bitcoin until it becomes bad money (don't hold your breath). Although maybe to keep the network going you should spend some, maybe in a "cost of doing business by keeping the network healthy" sort of mentality.
So basically, it's too early to be a currency and doesn't sound much like gold either
I am sure at some point in time far in the future a bitcoin clone will fork with some inflation. Whether people follow the fork and the almost certain lowering of value inflation would create is unknown. If transaction fees are too low, AND no one wants to mine the original btc chain at a loss / voluntarily, AND those with a great financial interest in the main chain thriving don't want subside mining at a loss as a cost of business, then maybe a majority will move over to the forked btc+inflation coin. Far. far far in the future though.
I have heard from several publicly available sources that once btc price gets past certain resistance levels that $10k+ daily candles will be a more common occurrence. If true, then yes, petty much any number seems possible. Still, I have to see it to believe it.
Since you said this is the "Year 12" report card, I'm assuming you made the other 11 years somewhere too? They aren't in your topic history.
You registered in 2015 anyway so for sure those cards can't be anywhere on this forum. And this is assuming you've been around Bitcoin the full 12 years.
You registered in 2015 anyway so for sure those cards can't be anywhere on this forum. And this is assuming you've been around Bitcoin the full 12 years.
I swear the previous report cards were somewhere, but it's that darned boating accident I had earlier this year, I lost so much stuff that day.
Overall adoption grade: B-
On what scale and based on what? Your flawed assumptions?What would be A+ and what would be F? If bitcoin made the poor, rich you would consider it A+? That makes no sense since bitcoin was not meant to produce profit for anyone.
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Hmmm, I thought B- adoption grade was pretty fair. To me it means adoption (after 12 years) is above average, above expectation, with room to improve.
I'm pretty sure after 15 years, with lightning much more mainstream, middle class will become more fully btc engaged.
By "poor man", I was really thinking more that countries lower on the GDP scale would adopt btc before those higher on the GDP scale (https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal).
Bitcoin adoption has become the following at year 12:
- Poor man's currency
- Wealthy man's dangerously appealing new asset class
- Middle class man's not very much. Middle class in developed countries have way better medium of exchanges (or are at least viewed as such), and middle class in developed countries aren't going to pay $6,000 for 1/10th of something, or $600 for 1/100th of something.
Overall adoption grade: B-
Discuss.
Re: The essential attributes of Bitcoin:Bitcoin is a database.
You wrote "It also provides an immutable record of value transactions"
But when Satoshi, and the first few people on the network sent bitcoins to each other in 2009/2010, they had no monetary value.
If you are going to be an educator of bitcoin and write many articles, please explain how bitcoin went from being valueless, to being worth something, so we can understand (but writing someone gave someone else 10,000 btc for 2 pizzas is not a complete enough answer).
But when Satoshi, and the first few people on the network sent bitcoins to each other in 2009/2010, they had no monetary value.
If you are going to be an educator of bitcoin and write many articles, please explain how bitcoin went from being valueless, to being worth something, so we can understand (but writing someone gave someone else 10,000 btc for 2 pizzas is not a complete enough answer).
According to data.bitcoinity.org, in the last 30 days, around 16% of bitcoin volume has come from Bitfinex. Over the last 6 hours it's been 62% from bitfinex.
Wow!
Wow!
Looks like bitfinex dominating volume between 2:30 and 2:45 PM EST, looks like around 800 btc, looks they are buying back.