Why is the diff in BTC/USD rate larger than usual between Bitstamp (ChartBuddy) and Binance?

I check Binance rate in parallel mainly because they have bigger volume (not because I'm invested there).

Was thinking first if Binance is going "gox" with limitations in withdrawals or similar problem, or perhaps it's just less arbitrage going on. I already checked USDT and it doesn't diff much from USD at the moment.

Bitcoin may be halving, but also doubling over time, BOGO for life.

Finally back at the surface again!

I did mention, but you missed it (TLDR).


Definitely decentralization, but back in 2011 - 2013 I don't remember ever thinking about using Bitcoin as a hedge against inflation, it was for payments and the wild west beginnings of speculation/trading. People dismissing Bitcoin in those days usually talked about ponzi schemes, bubbles and scams (remember Pirate@40?), different tune now. Although after accepting Bitcoin payments as a business since 2011 I did notice that by waiting a few months or so before cashing in usually meant significant increase in value compared to other payment methods like PayPal and Credit Card which only meant fees (around 4%, nothing positive at all).


I'm thinking "free" as in not directly possible to block by government when you disagree with them which is becoming reality with credit cards and even bank accounts as of late. Are you thinking of something else?


Agreed.


Interesting, to me Lightning is the perfect fit but it currently lacks adoption, and somehow people can't think of using their Satoshis (because Lightning is Bitcoin), only stack them.

This is probably the last thread to get any support for altcoins (aka shitcoins), but not for lack of trying.

Still, to me there is a key difference between investing (as a store of value) and using it as a payment system.

Personally I think using altcoins as a pure payment system for small transactions is better than using something like PayPal (or Venmo), because at least altcoins are decentralized for the most part, and some of them tries to improve privacy.

I really like the lightning network (LN), but have to admit also using Litecoin for payments especially after they introduced MWEB (optionally making it more like cash). If using lightning or altcoins fail I try to resort to cash (fiat) but it slowly gets harder and harder to use, especially in Europe, perhaps in the western countries in general, final resort is to use something like Credit Card or pay direct via bank transfer by scanning QR code using phone app.

What do you guys think about payment systems? Shitcoin still worse than Credit Card?

If you refer to the 21 million BTC cap, it's decentralized scarcity based on proof-of-work (PoW) in a consensus system.

Any change to the 21 million cap in the source code would mean a BIP (Bitcoin Improvement Proposal) which must be approved by at least 90% of the miners and the
 final most important decision comes from the community who have to upgrade to the new software version (which they most likely would refuse in this case).

My mistake, I meant support, and happy it held so far.

Interesting, but also notice resistance at $50k.

Great idea, set the lifeboats (Bitcoin) on fire when the ship is sinking (other markets). Irrational people makes me tired.


Agreed, I'm balls deep in Bitcoin as well (and it's not the first time during a crash, always sucked at timing).


Hmm, the surface should be around 65k USD, it's dive mode for the sub (das boot) again, back to listening for sonar pings, avoiding sink bombs and fixing leaks.

Here's hoping my "Bitcoin Standard" (aka "Fort Knox BTC") theory pans out, or that the masses finally wise up to buy the dip, preferably both at the same time, because the alternative will suck for everyone (not just BTC holders).

Hyperinflation leading to WW3 or buy Bitcoin, the choice is yours, now or never.

Somehow it helped, thanks. 

Not that they are lame, but I can feel the pain anyway.

The more people who own Bitcoin, the less of a problem selling will be, besides, governments can use BTC <-> BTC transactions on the blockchain between countries which will not affect the rate; 1 BTC is always 1 BTC.

Definitely agree about the risk of government regulating Bitcoin. What I'm hoping for is that adoption by the masses will go through the roof (exponential) as they watch the BTC rate when governments start stacking BTC seriously, that should mitigate some of the risk as it makes it unpopular for governments to impose strict regulation.

Good one.   (Damned, always run out of merit when it's needed.)


Agreed. Chu-Chu Mother Fucker (CCMF).

Noted, what do you think of the "Overall" part which was not related to Trump, but more of a global solution to inflation?

Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.

Overall, as inflation increases (with the threat of hyperinflation looming) with current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.

Kind of agree with that as well, you would be missed, here's hoping you will reconsider.


Not a troll, and it matters to me what you think because learned a lot from your posts, even if disagreeing at times.

On the subject, I do miss proudhon, he used to balance this thread nicely.