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Showing 8 of 8 results by SlamDunkIT
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Board Bitcoin Discussion
Re: Are there people/organizations that control the price of bitcoin
by
SlamDunkIT
on 11/05/2025, 20:01:05 UTC
Are there people/organizations that control the price of bitcoin?

No, control is too strong of a word to be real. Temporary heavy influence, or very similar wording, is probably accurate. Being over concerned with "whales" is a waste of time and energy, with one huge exception: The early Satoshi Blocks (mined by a small group of people) - estimated to be nearly One Million Bitcoins. Those are a topic of serious legitimate concern for this community.   
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Topic
Board Speculation
Re: Bitcoin price guess for the month of February
by
SlamDunkIT
on 05/02/2025, 21:23:06 UTC
The next all-time high is probably months away. The correction is not over, and crypto is often extreme, so the Feb low will be close to $72,000 with a fast bounce off that level.
Post
Topic
Board Bitcoin Discussion
Re: Samourai Wallet seized by the feds
by
SlamDunkIT
on 25/04/2024, 16:09:59 UTC
BlackHatCoiner, great choice to quote Satoshi, I love to see advice and wisdom from our founder. Also R.I.P. Samouri Wallet, something new and better will come along to replace you.



Samourai Wallet has been taken down by the U.S. authorities: https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering. You can verify by opening samouraiwallet.com (it's under the authorities' control).

Another privacy enhancing tool goes down the road. Apparently, the governments use everything in their disposal to undermine the users' privacy. Samourai team had recently announced that they were developing a decentralized version of whirlpool, using the Soroban network. It could be the case that they foresaw their own disappearance.

Very frustrated. An important reminder and good quote is needed here.
Quote from: satoshi
>You will not find a solution to political problems in cryptography.

Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

R.I.P. Samourai.
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Topic
Board Services
Re: AR-Services (Live) & [ANN] Today (TODAY) Get Paid Today!
by
SlamDunkIT
on 05/12/2023, 03:01:26 UTC
for the GBL contest Good Blockchain Languages
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Topic
Board Altcoin Discussion
Re: DOGE logo shiba inu passed away
by
SlamDunkIT
on 30/08/2023, 14:07:44 UTC
Happy Puppy!
In a world too full of sadness and bad news, he helped bring joy and fun to millions of people. He leaves a legacy which will go on for a long time. Great story, thank you.
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Topic
Board Meetups
Re: Baltic Honeybadger 2020
by
SlamDunkIT
on 09/02/2020, 19:20:24 UTC
Looks like fun, I can add the YouTube video here: Baltic Honeybadger 2019 recap and announcement for 2020
https://www.youtube.com/watch?v=Snx9Y1f0qf8

Post
Topic
Board Speculation
Re: Bitcoin going beyond $14,000 before May, history repeating itself
by
SlamDunkIT
on 22/01/2020, 03:56:22 UTC
History repeating itself is probably inaccurate. You're talking about a cycle repeating here but you're only using 2 past instances -- which is the bare minimum to establish any sort of cyclical pattern.

I've no doubt halving, along with every other aspect of Bitcoin's design -- difficulty adjustment, fixed supply, fee structure, among others -- will all contribute to a gradual increase in valuation. Halving's just part of this scarcity and deflationary model.

BTC will have an all time low in new supply and a healthy, steadily growing ecosystem in the mainstream, so we are in new territory never seen before. 
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Topic
Board Press
Topic OP
[2019-06-13] This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money
by
SlamDunkIT
on 13/06/2019, 18:27:42 UTC
https://www.ccn.com/this-bitcoin-chart-destroys-the-argument-that-btc-cant-be-money/

"Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency.

And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method.

But it’s slowly changing..."