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Showing 20 of 44 results by Thomas Pellegrino
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Board Bitcoin Discussion
Topic OP
Iceland. I get it! ("blockchain")
by
Thomas Pellegrino
on 22/11/2024, 11:12:04 UTC
The Universe is like a blockchain, like a tray of ice cubes (blocks). Each block is physically separate, at the same time!
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Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 22/11/2024, 03:47:48 UTC
and they certainly aren't the group behind Satoshi either

I'll tell you what. If, like you say, the real Satoshi were to reveal himself, verify his identity and say "I'm the real Satoshi", the first thing I would do is invite him to collaborate with myself and the Lamunaia, to lend his expertise to save humanity.
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Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 22/11/2024, 02:51:48 UTC
Just against the fact you mentioned bitcoin as less beneficial, before going to create awareness so larger population will also benefit

Awareness is irrelevant, if it doesn't actually transform global financial systems. People are 'aware' of Satoshi- that Satoshi is completely anonymous and disappeared nearly 15 years ago- but the effect on people's livelihoods, to put food on the table, to escape the evils of material hardship, is entirely absent.

I will create awareness. It's just that, it takes real, actionable change to empower people and reshape the financial system for the better. For this, I need people to take my word for the Lamunaia's legitimacy because it's my reputation and personal risk on the line in the first place, to recognize the urgency of change, take ownership of their role in this transformation, and actively support bitcoin21x/IIBTC21X initiatives that bridge Bitcoin's potential to real-world solutions.
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Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 22/11/2024, 02:40:24 UTC
Give some funds to potential developers of this 'new system',

bitcoin21x is about the power of people, not the power of money. The power to win all wars and stop all death. This, is what's required for First Contact. This is why the Lamunaia are not paying me a salary.

Just like Putin/Russia attack the Ukraine all day and night but nobody attacks the Lamunaia, we don't need developers for our blockchain, it's a mature network and immune to Cyberwarfare.

Bitcoin is the rich cool person who doesn't notice others. bitcoin21x and IIBTC21X are your best friends who will never leave your side, with 21x the appreciation.


you crashed out and stated that you 'experienced too much pressure' which isn't that unreasonable but seems to be an excuse since there is no alien race willing to fund whatever you are doing lol

I haven't crashed out. i'm revising the [ANN]. i'm working day and night on all aspects of this. the next [ANN] or revision will have all actionable information, website, mining timeline, guides and so forth.


have something to prove that viability of your idea.....

......solid proof and evidence that the newer Bitcoin ecosystem is more viable and may be the successor of the original Bitcoin ecosystem.
I seem to disagree. There was no evidence Bitcoin would work. People have to take my word for it. When you see the Roadmap.... it progresses from selling DAO governance tokens for the HyDeFi APP straight to developing and implementing Lamunaia technology.... you realize mine is the only reputation is on the line, i'll be public enemy number 1 if it doesn't work. I believe in the Lamunaia's sincerity to help us.

Satoshi Nakamoto didn't just post the idea of Bitcoin onto a forum and asked for people to help with creating it from the ground up. Satoshi had already worked the idea and created it and later posted the progress of it which is what led to other people online to take interest in helping to maintain and improve Bitcoin......

.....create such a thing (or at least the foundations of it) to prove what you are working towards

My developers and I have the bitcoin21x blockchain testnet up and running already, the IIBTC21X Governance Token on Ethereum and Binance ready for ICO, and the blueprint for the HyDeFi Governance App prepared. i'm just gathering some supporting information.

My action plan is to guide humanity against all odds and work toward the goal of stopping death, combining human initiative with extraterrestrial and spiritual guidance. The Luminaia, an alien species communicating with me and my developers telepathically, provide guidance, inspiration and wisdom to us- but the action remains firmly rooted in human effort. This isn't about relying on the Lamunaia to do the work for us, but rather about implementing their guidance, knowledge and insight to strengthen our resolve and enhance our efforts. The focus is on practical, human-driven action through scientific, technological, and societal solutions- with the added benefit of spiritual insight to help steer humanity in the right direction. The goal is to empower humanity to confront their own challenges and achieve the seemingly impossible, all while remaining grounded in real-world action.

they certainly aren't the group behind Satoshi either
They wanted me to mention it man. I'm not trying to convince you. They thought it was helpful to provide context for bitcoin21x as Multiversal Reserve Currency.... there will be a lot more information about Multiversal Mining, which may or may not provide context. But again, I am the one taking the risk here. Not the Lamunaia/Satoshi.
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Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 21/11/2024, 20:50:00 UTC

C'mon, you and your team weren't visited by a transcendent extraterrestrial race and they certainly aren't the group behind Satoshi either. After asking if they'd be willing to give some funds to potential developers of this 'new system', you crashed out and stated that you 'experienced too much pressure' which isn't that unreasonable but seems to be an excuse since there is no alien race willing to fund whatever you are doing lol


So honest. M*&^&*%%$&*(^%&
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 21/11/2024, 14:06:22 UTC
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 21/11/2024, 07:28:57 UTC
(I'll be ridiculed and shit on for this and deleted but, think about the children of war zones. think about the children of poverty. think about diseases. what if we can save the goddamn world? i'm telling you, Bitcoin is POWERFUL!)

The answers you guys gave to my post are sincerely sad and depressed. Imagine people in wheelchairs, nobody cares about them to the nth degree. Imagine most people don't like Bitcoin. On this forum, everybody loves it- but only on this forum. Yes. Only rich and young people and early adopters love Bitcoin. Otherwise, there is no point in 10% gains when you're 99 years old.

What if I were to lead a new Bitcoin ecosystem to magnify the power of Bitcoin- not to replace it- to supplement and enrich the original promise of freeing humanity from the evil of civilized, organized corruption, specifically, the horrors of monetary systems that counteract the purity and innocence of human goodness- and to go a step further, to bring about things humans never dreamed of like immortality and interdimensional resurrection.....

A supplementary Bitcoin ecosystem of this magnitude enhances the reputation and exclusivity of original Bitcoin, yes and goes above and beyond this scope by accomplishing the impossible- ending global poverty, war, diseases, crime, and existential achievements, specifically addressing the problems outlined in this Discussion Thread and reaching deep into the darkest hearts of the most disenfranchised and abandoned helpless and hopeless masses to find a Bit of glowing inner light. Bitcoin will thank me later right?

The reality is, the impoverished, sickly and downtrodden aren't the only ones to benefit from an otherworldly UPGRADE to Bitcoin's public reputation:
"bitcoin21x is a First Contact coin, buy this coin, pass 3 major charity milestones and make First Contact (governed by a 2nd coin IIBTC21X). Here's how it works:"

1) Worldwide Media Publicity blitz: I go on the news and tell the world "my development team was telepathically visited and persuaded by ΛμϞιηα to engineer a charity coin to prove humanity is ready for First Contact[/b] and a Governance Token to ensure success of charity initiatives required for First Contact. Together, bitcoin21x and IIBTC21X provide a platform for institutions and the public to collaborate effectively to end global poverty, war and save humanity."

2) I explain the 2-token ecosystem design:
-bitcoin21x
has 21x block release rate of Bitcoin, is ultra-hyperdeflationary for predictable price appreciation and allows 21x more transactions; it has a special HyDeFi mechanism to allocate 4% of bitcoin21x exchange trading fees to predefined Fireblocks-protected Global Charity Fund wallets- .1% to bitcoin21x Free Faucet, 2.5% to Global Construction/Universal Basic Income, 1% to bitcoin21x miners, .4% to IIBTC21X token owners.
-IIBTC21X token owners manage bitcoin21x global charity operations and First Contact when it happens, through the IIBTC21X DAO App

3) I explain to the public, worldwide bitcoin21x adoption will drive Bitcoin adoption and make everyone rich, especially disadvantaged peoples, as institutions and the public work together on the infrastructure for worldwide financial inclusion- to achieve the major charity milestones and make First Contact. These HyDeFi funds manage the distribution of wealth in an equitable manner. The 3 milestones are:
-Rehabilitate 1 major slum and 1 conflict zone
-Sign 195-Nation Worldwide Peace Treaty
-Homing Beacon for First Contact


4) bitcoin21x uses a rapid decrease in availability to stabilize price swings- and its synergistic multifunctional ability to create new demand, incentivize worldwide mass adoption, and absorb unmet demand (predictable price appreciation, store of value, wealth generator, inflation hedge, charity and first contact synergy)- to increase short-term speculation from profit-taking cycles but practically eliminate risk of volatility.

5) HyDeFi Self-Replenishing Free Faucet accomplishes what Bitcoin was meant to accomplish: give everyone around the world access to free wealth. bitoin21x price goes up, every single human in the world makes money

6) First Contact is going to shoot the value of these coins, and Bitcoin, through the roof- considering investor demand from the other side of the unobservable multiverse, Post-Interplanetary Economic Merger with Earth to be the central hub of interdimensional commerce (alien mining and so forth).
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Topic
Board Bitcoin Discussion
Topic OP
Bitcoin could have helped so many more people
by
Thomas Pellegrino
on 20/11/2024, 05:06:10 UTC
Bitcoin truly is a gift to the world but it could have helped so many more people. It's a shame that it only truly benefits a small portion of the global population. It could've changed the world on a comprehensive societal and economic level.

Any thoughts?
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Topic
Board Bitcoin Discussion
Re: Bitcoin is up $20K since our experiment!: Exploring BTC Valuation
by
Thomas Pellegrino
on 20/11/2024, 05:04:20 UTC
pooya87, franky1 and everyone who posted, i thank you very much.

alas, the post-only buy orders side of the experiment is flawed. i am re-working the experiment and have learned a lot.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is up $20K since our experiment!: Exploring BTC Valuation
by
Thomas Pellegrino
on 16/11/2024, 20:58:46 UTC
That is not how exchanges and order books work.

If price currently is for example $100k, you can place a sell order at a higher price like $500k and it will remain an open unfilled order; but you cannot place a buy order at that price. If you try, the exchange will execute your order at the current market price which in our example was $100k which means the only thing your experiment can show is an interest to "sell" bitcoin at $500 and an interest to "buy" bitcoin at $100k.

Such moves, specially at such miniscule volumes have absolutely no effects on the price and the market dynamics.

Thank you for your feedback. You are correct that a buy order at a higher price typically executes at the best available market price under normal circumstances. However, this experiment specifically uses Post Only Limit Orders, which are designed not to execute immediately but to sit in the order book as liquidity at the specified price.

The science behind this experiment is that it theoretically takes just two matched pairs of Post Only Limit Orders—one sequential buy and one sell—to reset the visible price in the order book to a new level, such as $500K. While we are currently starting small to test the mechanics, the goal is to explore whether this approach could indeed influence the perceived price by tilting the order books in favor of a new reference point.

This experiment is not about trading volume but about observing how strategic order placement can impact market dynamics and the theoretical price-setting mechanisms of BTC’s order books.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is up $20K since our experiment!: Exploring BTC Valuation
by
Thomas Pellegrino
on 16/11/2024, 03:19:18 UTC
91,398.48 11/15/2024

Don't say I didn't warn you.
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Topic
Board Bitcoin Discussion
Re: Bitcoin is up $20K since our experiment!: Exploring BTC Valuation
by
Thomas Pellegrino
on 15/11/2024, 06:51:04 UTC

but wants people to slowly add more funds into his agenda which he will slowly syphon from..

"Not true. I am not requesting funds from anyone. Participation in this strategy is purely educational, and I am offering $40 per participant as compensation for their time and involvement."
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Topic
Board Bitcoin Discussion
Re: Bitcoin is up $20K since our experiment!: Exploring BTC Valuation
by
Thomas Pellegrino
on 13/11/2024, 20:18:57 UTC
how feasible is that?

Bitcoin Price November 13th $90,722.59
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Topic
Board Bitcoin Discussion
Re: Exploring BTC Valuation: Join an Educational Experiment to Test the Hypothesis!
by
Thomas Pellegrino
on 12/11/2024, 01:59:39 UTC
Hi All.

I posted my Parallel Trading Strategy Experiment on November 4th 2024.

Bitcoin Price November 4th 2024 $68,742.13
Bitcoin Price November 11th $88,499.05

Looks like it's working  Grin

 Kiss
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Topic
Board Bitcoin Discussion
Re: The Possibility Of An Altcoin To Overcome Bitcoin Is Very Rare.
by
Thomas Pellegrino
on 07/11/2024, 06:35:52 UTC
I think it does not need to be decentralized since masses are already use in using centralized services.

Nice.
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Topic
Board Bitcoin Discussion
Re: Exploring BTC Valuation: Join an Educational Experiment to Test the Hypothesis!
by
Thomas Pellegrino
on 05/11/2024, 05:38:00 UTC
I have a few participants already, and I'll share any findings from the experiment once it’s complete. We’re currently working through some technical details, but the goal is to observe any patterns or insights that emerge from our theoretical setup. If BTC’s price does experience any dramatic increase, it would be an interesting coincidence to note, especially in understanding how hypothetical, large-scale parallel strategies might interact with market dynamics.
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Topic
Board Bitcoin Discussion
Re: The Possibility Of An Altcoin To Overcome Bitcoin Is Very Rare.
by
Thomas Pellegrino
on 04/11/2024, 05:48:38 UTC

There will never be an altcoin that can close to the bitcoin.


Like saying there will never be an operating system better than Windows 95  Cheesy.

Quote

Bitcoin is still the market leader with over 60% dominance.


Netscape Navigator had a 95% market share.

Internet Explorer had a 85% market share.

Yahoo had a 90% market share for searching the Internet.

MySpace? Napster? Do I need to go on?

Believing a technology product will stay on top forever and ever is... not too wise...



I wish I could merit this, but I don't know how.
Post
Topic
Board Bitcoin Discussion
Topic OP
Exploring BTC Valuation: Join an Educational Experiment to Test the Hypothesis!
by
Thomas Pellegrino
on 04/11/2024, 05:40:13 UTC
**Exploring BTC Market Dynamics: Observing Price-Setting Mechanisms in Theory**



BTC Price Mechanism Analysis Overview



Exchange Price Reset Mechanism: “A single Post Only Sell Limit Order (good til cancelled), matched by an opposing Post Only Buy Limit Order (good til cancelled), can establish a stock’s price at a new specified level when executed, aligning the market price to that level.”



Theoretical Price Mechanism Analysis:
A single Second Pair of orders- a Post Only Sell Order of 0.00000001 BTC (good til cancelled) at a price of $500,000/BTC ($0.005)..... matched in the Exchange's order book to another trader's identical/opposing Post Only Buy Order of 0.00000001 BTC (good til cancelled) at a price of $500,000/BTC ($0.005)...... may theoretically illustrate how a new price level could be established in the order book........ but only after an identical First Pair of Post Only Sell/Buy Orders (good til cancelled) is already recorded and open in the order book. Thus, the Second Pair of Post Only Orders increases order book liquidity at the $500K price level with repeated matching signalling active buy/sell interest, serving as a theoretical reference point for examining order book dynamics.

2 Matched Pairs:
Exchange Protocol Rules require 2 Identical, sequentially Matched pairs of Post Only Limit Orders—one Buy Pair and one Sell Pair— with all unique traders- to move the price (without triggering an immediate self-match or violating exchange rules on self-trading):
  • 1. First Order Pair: A Post Only Sell Limit Order, matched by a Post Only Buy Limit Order at the same price and quantity, adds liquidity but does not immediately move the price.
  • 2. Second Order Pair: A subsequent Post Only Order—either Buy or Sell—matched by an opposing Post Only Order at the same price and quantity completes the sequence and sets the new asset price.

If each trader places their Post Only Limit Orders correctly at the same price and quantity (two matched pairs), there's little chance the orders won't fill. The sequence is designed to trigger the new price by matching opposing buy and sell orders.

Proposal for Collaboration:
I’m looking to gather individuals interested in exploring theoretical price-setting mechanisms through a collaborative trading strategy using Post Only Limit Orders. This isn’t just about trading but understanding market dynamics and how strategic participation might impact BTC’s perceived value.

All interested participants are welcome to join in observing theoretical price-setting mechanisms using Post Only Limit Orders through a transparent, educational research approach. I believe BTC’s value could potentially be viewed differently based on current fundamentals. Together, we can discuss and observe how strategic order placement might offer insights into BTC valuation mechanisms and deepen our understanding of market dynamics.


If you’re intrigued by market microstructure, strategy, or just want to be part of something unique, drop a comment or DM. Let’s see what we can achieve together!



Sources:
  • Market Microstructure Theory" by Maureen O’Hara
  • Limit Order Markets by Thierry Foucault and Albert J. Menkveld
  • Albert J. Menkveld’s work on High-Frequency Trading and Price Formation
  • Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris (2003)
Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin undervalued? Parallel Collaborative Trading Strategy
by
Thomas Pellegrino
on 02/11/2024, 21:18:27 UTC
Proposal for Collaboration
I’m looking to gather a group interested in exploring this further in practice—testing a Parallel Collaborative trading strategy that could potentially highlight Bitcoin’s true valuation through coordinated Post Only Limit Orders. This isn’t just about trading but understanding market dynamics and how strategic participation might impact BTC’s perceived value.

If you’re intrigued by market microstructure, strategy, or just want to be part of something unique, drop a comment or DM. Let’s see what we can achieve together!



I've been diving into some lesser-discussed dynamics of Post Only Limit Orders and their influence on price setting.

Here’s something interesting:
 
Quote
The technical algorithm of stock exchanges suggests that “A single Post Only Sell Limit Order (good til cancelled), matched by an opposing Post Only Buy Limit Order (good til cancelled), effectively sets a stock’s price to the new specified price when executed, aligning the market price to that level.”

Example:
A single Post Only Sell Order of 0.00000001 BTC (good til cancelled) at a price of $100,000/BTC ($0.001), matched in the Exchange's order book to another trader's identical/opposing Post Only Buy Order of 0.00000001 BTC (good til cancelled) at a price of $100,000/BTC ($0.001) will reset BTC's new price to $100,000/BTC.

Note: 4 participants are required to establish a new price because Exchange Protocol Rules require 2 Identical, Matched pairs of Post Only Limit Orders—one Buy Pair and one Sell Pair— with 4 independent traders to move the price (without triggering an immediate self-match or violating exchange rules on self-trading):
  • 1. First Pair: A Post Only Sell Limit Order, matched by a Post Only Buy Limit Order at the same price and quantity, adds liquidity but does not immediately move the price.
  • 2. Second Pair: A subsequent Post Only Order—either Buy or Sell—matched by an opposing Post Only Order at the same price and quantity completes the sequence and sets the new asset price.

Sources:
  • Market Microstructure Theory" by Maureen O’Hara
  • Limit Order Markets by Thierry Foucault and Albert J. Menkveld
  • Albert J. Menkveld’s work on High-Frequency Trading and Price Formation
  • Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris (2003)
Post
Topic
Board Announcements (Altcoins)
Re: SATOSHI NAKAMOTO [ANN] 2 New Bitcoin Supplemental Altcoins
by
Thomas Pellegrino
on 01/11/2024, 05:36:06 UTC
All I can say is, it's Diwali.