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Re: Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?
So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?
Gold price changes very slowly, the changes are very small.
On the other hand Bitcoin has days with 10% price change... easily.
The result is that you can lose in years with gold less than in one day with Bitcoin.
Just imagine those who bought Bitcoin in the winter of 2017/2018 at over 15k and sold in 2019 4x cheaper...
Yes, on very long term, or if you know when to buy and when to sell, Bitcoin is a great investment. Ah, you need strong hearth too for certain changes in the price.
...While gold just changes a little bit now and then.
All in all I find the risk status pretty much OK for now. I am certain that in some more years (and I hope they won't be many), Bitcoin will also become "risk off".
Is it because Gold has a much bigger market cap than bitcoin meaning it cant be manipulated by a whale pumping gold price like 10% in a day?
Re: Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?
Just a sarcastic comment: If Elon tweets something about bitcoin, it drops 0-5%. If he tried the same with gold, it wouldn't drop. It's because of this below.
Remember that: Society needs time to digest changes.
So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?
Because, when an asset has a small market cap, it can be easily manipulated. Bitcoin, currently, isn't as volatile as it was three or four years ago, but it has still room to grow and be considered a “safe haven”. Not all people believe that it's somewhat a digital gold.Remember that: Society needs time to digest changes.
In may this year btc dropped like 50%. Volatile like 3-4 years ago right or isn't?
Re: Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?
Bitcoin is better than Gold and it is not fair to compare Bitcoin to Gold. They are different asset and can not compare in all specifications they have.
Risk on or risk off is what people are thinking of Bitcoin. All investment assets have risky specifications and it's nonsense to say gold is risk off and Bitcoin is risk on.
Recall in the last year, crude oil had days with negative price and in the last one year, Gold has worse performance than Bitcoin.
Risk on or risk off is what people are thinking of Bitcoin. All investment assets have risky specifications and it's nonsense to say gold is risk off and Bitcoin is risk on.
Recall in the last year, crude oil had days with negative price and in the last one year, Gold has worse performance than Bitcoin.
But Bitcoin is competing with Gold as inflation hedge and store of value correct? If not then Bitcoin is a currency that everybody will use to buy things with it right?
Re: Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?
Bitcoin is outperforming pretty much every other investment including Gold.
It is far too easy to focus on the last week in the markets and make a comparison,
you gotta zoom out.
Many many traditional investors will still choose Gold as a hedge against inflation and
they might diversify a little into Bitcoin too but when the markets pull back like in the
case of the reaction to the new variant of COVID some investors will sell their Bitcoin
to cover their other investments, so the markets are linked somewhat.
It is far too easy to focus on the last week in the markets and make a comparison,
you gotta zoom out.
Many many traditional investors will still choose Gold as a hedge against inflation and
they might diversify a little into Bitcoin too but when the markets pull back like in the
case of the reaction to the new variant of COVID some investors will sell their Bitcoin
to cover their other investments, so the markets are linked somewhat.
Bitcoin is outperforming gold because were in a 'risk on' macro economic environment now?
We had low interest rates for over a decade now and still have low interest rates and the money printer that favours 'risk on' assets. That's the reason why gold is going down?
When Coronavirus hit the world back in March 2020, soon afterwards gold shot up in price to over $2000 a ounce because it was panic uncertain times then.
If new strains can cause the same panic and uncertainty then can Bitcoin still go up like gold?
Why Bitcoin seen as 'Risk On' Asset instead of Gold's 'Risk Off' Status?
⭐ Merited by BITCOIN4X (1)
Everybody says Bitcoin is Gold 2.0 is the new digital gold and will replace gold, an inflation hedge like Gold. Bitcoin & Gold properties are matching except for 1 thing:
- Bitcoin seen as Risk On Asset instead of Risk Off like gold, so in times of economic uncertainty Gold price soars because its risk off and in uncertain times stock market crashes & crypto crashes.
So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?
In times of economic uncertainty where risk on markets crashing everywhere Bitcoin should be the hedge king right rising up and not be correlated to risky stocks correct?
- Bitcoin seen as Risk On Asset instead of Risk Off like gold, so in times of economic uncertainty Gold price soars because its risk off and in uncertain times stock market crashes & crypto crashes.
So if Bitcoin is store of value like gold and does the same as Gold then why isn't it classed as Risk Off status like Gold?
In times of economic uncertainty where risk on markets crashing everywhere Bitcoin should be the hedge king right rising up and not be correlated to risky stocks correct?
You are right that the settings is not the same as the previous one. Don't worry, all who use metamask extension will have to do it again. About the password, you can use the same password if you want. As what in previous post said, setting you made and adding tokens, network and other stuff that you must add manually won't be set automatically when you import your seed phrase on metamask. Once again, seed phrase only recover your wallet and have access to your crypto and not the settings. Metamask have a feature to sync your metamask but you need the other device to scan the qr code.
Just to confirm settings and networks added in Metamask can be synced to another device only if that device has a camera lens to scan the QR code?
So a true decentralized non-custodial wallet is like this where everything resets to default if logging into a new device because of not your keys not your crypto correct?
In brave browser BAT you can sync settings & bookmarks saved in the browser that claims to be decentralized non custodial so how is that possible then?
In brave browser BAT you can sync settings & bookmarks saved in the browser that claims to be decentralized non custodial so how is that possible then?
Hi,
I installed Metamask extension on another device in my home and did the import using secret recovery phase to login and it asked to create a new password, why new password needed and why cant I use my previous old password?
Okay I logged back in and see my settings are not synced and my metamask looks like it has gone back to default settings with all the networks that I originally added on my 1st device that I used 1st time to create metamask wallet is all gone.
How do I sync my metamask wallets between different devices so settings & networks are synced?
I installed Metamask extension on another device in my home and did the import using secret recovery phase to login and it asked to create a new password, why new password needed and why cant I use my previous old password?
Okay I logged back in and see my settings are not synced and my metamask looks like it has gone back to default settings with all the networks that I originally added on my 1st device that I used 1st time to create metamask wallet is all gone.
How do I sync my metamask wallets between different devices so settings & networks are synced?
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
Where did you get the idea that Bitcoin developers could do something like that even if they wanted to?
No of course not, sorry if I was not clear in my reply above. This is a long con to get access to the BSV coins.
(I think) Craig’s game is:
- Get a UK court to order the Bitcoin Core developers to move the coins
- Obviously that will fail. But he needs this for the next steps
- Then take that order to his BSV fork
- Convince the miners, devs and community of BSV to give him the Satoshi coins on BSV
- He makes millions and maybe cashes out just before BSV finally craters to zero
Of course Bitcoin is never and was never affected in the slightest. But Craig’s con involving making some idiots in the community feel that he has that power. So that they give up the Satoshi coins on his BSV fork.
Does the victims that is Kleiman's family want settlement in BTC Bitcoins or BSV Bitcoin Satoshi Vision Coins if Craig is found guilty by Jury? If they want Bitcoins BTC then BSV is worth nothing compared to BTC right now so how him liquidating Satoshi's BSV coins be enough to pay off the Kleiman's family
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
If Craig Wright loses, he will have to pay Kleiman 500,000 Bitcoin or the usd value of that amount.
So it is entirely likely that Craig will owe billions in USD if he losses.
Then he will use his other court case in the UK to try and force the Bitcoin Core developers to move Satoshi’s coins so he can pay the fine and profit.
Make no mistake Craig is one of the stupidest people I have ever read about. He is as dumb as they come. He is not Satoshi that much is clear even the Australian Tax Office concluded Craig was a fraud and a liar.
Craig thinks he will be able to use some court order from a uk court to move coins on Bitcoin that he cannot prove ownership. Even as others have already signed messages on old addresses Craig said were his.
(Edit: of course this isn’t possible, no court order could ever move any Bitcoin in the way Craig wants, but his long con isn’t really about Bitcoin at all, rather it’s about controlling old addresses, some of which might be the Satoshi coins, on his BSV fork)
At most he might convince the BSV devs, miners and community (nodes) to allow him to "recover" Satoshi’s BSV coins. Of course that would collapse the BSV price even further to zero. Which is also good as the only people dumber than Craig Wright are his supporters and BSV holders. Those people truly are the dumbest shits ever to walk the Earth and deserve what’s coming.
So it is entirely likely that Craig will owe billions in USD if he losses.
Then he will use his other court case in the UK to try and force the Bitcoin Core developers to move Satoshi’s coins so he can pay the fine and profit.
Make no mistake Craig is one of the stupidest people I have ever read about. He is as dumb as they come. He is not Satoshi that much is clear even the Australian Tax Office concluded Craig was a fraud and a liar.
Craig thinks he will be able to use some court order from a uk court to move coins on Bitcoin that he cannot prove ownership. Even as others have already signed messages on old addresses Craig said were his.
(Edit: of course this isn’t possible, no court order could ever move any Bitcoin in the way Craig wants, but his long con isn’t really about Bitcoin at all, rather it’s about controlling old addresses, some of which might be the Satoshi coins, on his BSV fork)
At most he might convince the BSV devs, miners and community (nodes) to allow him to "recover" Satoshi’s BSV coins. Of course that would collapse the BSV price even further to zero. Which is also good as the only people dumber than Craig Wright are his supporters and BSV holders. Those people truly are the dumbest shits ever to walk the Earth and deserve what’s coming.
Wait you saying the Bitcoin Core Developers have the centralized power to activate a dead dormant bitcoin wallet that's over a decade old with the private keys supposedly lost to this wallet
I dont understand isnt it illegal and a crime to waste legal system resources and courts time by asking the courts to chase bitcoin core developers to activate satoshi's 1.1 million bitcoins wallet then after all that chasing realise its impossible. So Craig Wright can go jail for wasting time offence? For example if I pranked the police and called them to say somebody was murdered and they came and found no body or murder then I get arrested for the crime if wasting police time.
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
So in conclusion the only way we find out if Craig Wright is the real Satoshi Nakamoto is if he loses the court case and the judge orders him to give Kleiman's family over 500,000 bitcoins and we can see the 1.1 Million bitcoins in Satoshi Wallet has decreased a lot in amount of bitcoins in there after the case is finished? If so BTC will crash in value & BSV Bitcoin Satoshi Vision coin will take over?
This is the important question in the OP
The only way to prove ownership of the Satoshi Bitcoin is to either move some of them
from one of the wallets or sign a message from one of the addresses.
So in this weird court case if the Judge finds Wright guilty he would have to share the
Satoshi Bitcoin. Apart from Wrights supporters everyone knows he is not Satoshi.
Its such a nonsense case because if he is found guilty he wont be able to share what
he does not have access to, so the perfect scenario would be for the judge to order
Wright to pay the Kleiman family the same value as the Bitcoin "they are entitled to"
from the court ruling, that
would shut him up.
Bitcoin going to zero, i cant understand how or why this would happen...
When you think the case will finish and if Craig Wright is found guilty and is ordered by Judge that 550,00 bitcoins is ordered to the Kleiman's family or judge forces Craig to liquidate 550,000 bitcoins for cash settlement for Kleiman's family then after this ruling we know for sure if Craig Wright is BS?
How many wallet addresses are there amounting to 1.1 million bitcoins and where we can see this on chain data so we know after the judge verdict whether this amount has decreased or not?
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
~
Finally why is that the early people that worked on Bitcoin such as Dave Kleiman and Hal Finney all have died coincidently
Dave Kleiman and Hal Finney was in bad health condition for years before they left the world. Dave Kleiman was paralyzed from 1995 due to an accident and he needed help to move around and for the last three years of his life he was in the hospital and Hal Finney who was suffering from ALS for years and you can find his post in the forum when he was updating about his health conditions, so there is no mystery.Finally why is that the early people that worked on Bitcoin such as Dave Kleiman and Hal Finney all have died coincidently
When it comes to the court case, till now Ira Kleiman has not produced anything about any agreement to get any Satoshi coins but what i am surprised is he already spent around $50 million for this legal case and there is no way he is going to win the case with the way things are going and whether CSW is the creator is another story altogether.
Craig Wright spent $50 million on the case so far? Has he liquidated bitcoin holdings for this and if so were we can see the on chain data to verify this?
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
I'm not an expert on the topic,but here's my two cents.
If Craig Wright was the real Satoshi,he wouldn't act as a greedy son of a b*tch.
He would have access over the 1.1 million BTC in the Satoshi wallet,which makes him a multi-Billionaire and he wouldn't waste his time and money with court cases.
It has been proven multiple times that Craig Wright is NOT the real Satoshi,so all your assumptions that BTC will crash and BSV will go to the moon are just nonsense.
Such court cases take years before a final verdict,so we can only sit and watch all this circus.
I know that Craig Wright can't prove anything,so there's nothing interesting here.
If Craig Wright was the real Satoshi,he wouldn't act as a greedy son of a b*tch.
He would have access over the 1.1 million BTC in the Satoshi wallet,which makes him a multi-Billionaire and he wouldn't waste his time and money with court cases.
It has been proven multiple times that Craig Wright is NOT the real Satoshi,so all your assumptions that BTC will crash and BSV will go to the moon are just nonsense.
Such court cases take years before a final verdict,so we can only sit and watch all this circus.
I know that Craig Wright can't prove anything,so there's nothing interesting here.
How does a baseless case run for years without any hard evidence then
The judge should have threw the case out of the court room and see it as a joke if there's no real evidence yet how the case ran for years I don't understand?Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
Hasn't Kleiman's family lawyer who is representing them advised the Kleimans that once its proven that Craig Wright is to be the real Satoshi Nakamoto then bitcoin will crash to $0 meaning that court case that they filed and sue Craig Wright for will be for nothing because 500,000 bitcoins will be worthless so what's the point of the case?
Is this the beginning of the brand new FUD coming to bitcoin social media 
To answer your question, another judge in UK some time ago decided that Craig Scammer Wright is Satoshi Nakamoto and even ordered bitcoin.org and other websites to remove the bitcoin paper since according to the judge CSW owned the right to it.
Long story short, nobody in bitcoin world gave a shit apart from some posts on social media for a couple of days. Most people don't even remember it anymore LOL.
What evidence did the UK Judge see to grant Craig Wright the Bitcoin White Paper & Bitcoin.org?
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
Where can we see this Satoshi wallet address with over 1 million bitcoins in there on the bitcoin explorer/chain?
There is not one wallet with all these coins.
The coins are all on different addresses with 50 BTC. That was the mining reward back in 2009-2010.
https://storage.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.512.7.pdf
I can understand your reply more than the op topic itself. Can i figure out that the relation claimed between Craig and satoshi is based on those addresses 50 btc genesis block? While it could be the reason for Craig to support such a dumb idea, who might support it?
Finally , i find it bullshit how op think that the court can determine if Craig is the real fake Satoshi.
No I didn't say the Judge decides whether he's real Satoshi or not. I meant after the case is finished and the judge orders Craig to settle with his victims that is Kleiman's family and after that if we see that on the blockchain/ledger those 1.1 million bitcoins has been decreased in amount required for the settlement then that proves Craig Wright has the private keys to those 1.1 million bitcoins correct that supposedly Satoshi has access too also unless Craig is Satoshi?
Re: Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
Where can we see this Satoshi wallet address with over 1 million bitcoins in there on the bitcoin explorer/chain?
There is not one wallet with all these coins.
The coins are all on different addresses with 50 BTC. That was the mining reward back in 2009-2010.
https://storage.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.512.7.pdf
Okay how many wallets in total adding up to over 1.1 million bitcoins?
Satoshi's 1 Million Bitcoins Legal Court Case Kleiman vs Craig Wright questions
Hi,
Understood case in court is still ongoing in Florida.
When you guys think jury will reach a verdict?
If Craig wright is found guilty and has to pay the victims that is Dave Kleiman's family then Kleiman's family is entitled to half a million 500,000 bitcoins correct? This is 50% custody of Satoshi's Bitcoins.
Where can we see this Satoshi wallet address with over 1 million bitcoins in there on the bitcoin explorer/chain?
If Craig is found guilty and soon after that we can see on the blockchain that over 1 million bitcoins amount in that wallet has decreased then that proves Craig Wright is the real Satoshi Nakamoto and has the private keys to this wallet?
Hasn't Kleiman's family lawyer who is representing them advised the Kleimans that once its proven that Craig Wright is to be the real Satoshi Nakamoto then bitcoin will crash to $0 meaning that court case that they filed and sue Craig Wright for will be for nothing because 500,000 bitcoins will be worthless so what's the point of the case?
Craig Wright is rich so if Craig Wright loses how is it settled with the Kleiman's family? 500,000 bitcoins or Craig settles it with his own cash? Does the judge decide or Kleiman's family decides how its settled?
So in conclusion the only way we find out if Craig Wright is the real Satoshi Nakamoto is if he loses the court case and the judge orders him to give Kleiman's family over 500,000 bitcoins and we can see the 1.1 Million bitcoins in Satoshi Wallet has decreased a lot in amount of bitcoins in there after the case is finished?
Finally why is that the early people that worked on Bitcoin such as Dave Kleiman and Hal Finney all have died coincidently
Understood case in court is still ongoing in Florida.
When you guys think jury will reach a verdict?
If Craig wright is found guilty and has to pay the victims that is Dave Kleiman's family then Kleiman's family is entitled to half a million 500,000 bitcoins correct? This is 50% custody of Satoshi's Bitcoins.
Where can we see this Satoshi wallet address with over 1 million bitcoins in there on the bitcoin explorer/chain?
If Craig is found guilty and soon after that we can see on the blockchain that over 1 million bitcoins amount in that wallet has decreased then that proves Craig Wright is the real Satoshi Nakamoto and has the private keys to this wallet?
Hasn't Kleiman's family lawyer who is representing them advised the Kleimans that once its proven that Craig Wright is to be the real Satoshi Nakamoto then bitcoin will crash to $0 meaning that court case that they filed and sue Craig Wright for will be for nothing because 500,000 bitcoins will be worthless so what's the point of the case?
Craig Wright is rich so if Craig Wright loses how is it settled with the Kleiman's family? 500,000 bitcoins or Craig settles it with his own cash? Does the judge decide or Kleiman's family decides how its settled?
So in conclusion the only way we find out if Craig Wright is the real Satoshi Nakamoto is if he loses the court case and the judge orders him to give Kleiman's family over 500,000 bitcoins and we can see the 1.1 Million bitcoins in Satoshi Wallet has decreased a lot in amount of bitcoins in there after the case is finished?
Finally why is that the early people that worked on Bitcoin such as Dave Kleiman and Hal Finney all have died coincidently
Re: Easiest Altcoin to Mine with least Electricity advice
Pretty interesting!
I've read a few references about Helium, added it to my watchlist, and let's see how it will grow.
-
I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.
How you know delivery is 3-4 months for what device?
One of the popular miners (Bobcat) takes 12-24 weeks for shipping.
Taken from Bobcatminer's order page:
Quote
1. Only send USDC on the ERC20 network
2. Deposit of wrong tokens, addresses, or networks cannot be recovered.
3. Instruction on how to pay with Coinbase and Binance.
4. Estimated shipping time is 12-20 weeks from order date.
5. We cannot ship to a PO Box.
6. If you are new to Coinbase you MUST complete a KYC verification prior to starting your order. IF you complete the KYC during the order process it can lead to a delay in your payment. This can timeout the transaction and you will not receive an order confirmation.
2. Deposit of wrong tokens, addresses, or networks cannot be recovered.
3. Instruction on how to pay with Coinbase and Binance.
4. Estimated shipping time is 12-20 weeks from order date.
5. We cannot ship to a PO Box.
6. If you are new to Coinbase you MUST complete a KYC verification prior to starting your order. IF you complete the KYC during the order process it can lead to a delay in your payment. This can timeout the transaction and you will not receive an order confirmation.
But yeah, the upfront and operational cost is lower than GPUs rig(s) or ASICs.
Bobcat miner can mine HNT quicker at what energy usage?
Re: Easiest Altcoin to Mine with least Electricity advice
What about Helium HNT guys?
I'm very interested in HNT mining. They only problem is. There are no hotspots near me. Only 1 at 10km away. And the delivery times are going nuts. I don't want to buy something and get it delivered in 3 or 4 months. Maybe the crypro is crashing by that time.
How do I check and see hotspots near me?
How you know delivery is 3-4 months for what device?
You can use this site to see if there are hotspots near you : https://explorer.helium.com/
There are lots of hotspot devices that you can use. See the Helium site what devices you can use.
These hotpots use like 15 watts or so. So yes much less then a GPU mining farm which uses around 75 to 120 watts per card + all additional needed hardware.
So hotspot is like a wireless router or access point. My wi-fi router is on all day doesn't use that much electricity so will a hotspot be similar in energy usage?
Re: Which Blockchain, Platform, Ecosystem will be the Most Competitive for Eth 2.0?
Will Eth 2.0 be more decentralized than Cardano?
Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?
Will Eth 2.0 be a hard fork where there will be Eth 1.0 and Eth 2.0? If not then will Eth 2.0 still need to rely on Polygon Matic for cheap fees or Polygon becomes obsolete when Eth 2.0 is released?
Can't tell for sure whenever ETH 2.0 will be more decentralized than Cardano or all the other way around. I'd say they're neck-and-neck when it comes to achieving security and reliability. Cardano is backed by academic research, so there's that. According to the developer team, the Ouroboros PoS consensus aims to achieve scalability and cost-efficiency without sacrificing decentralization. We're going to have to wait until ETH 2.0 is launched in order to test both blockchain networks' level of decentralization.
As far as hard forks are concerned, ETH 2.0 will consist of a multi-tiered launch process. Ethereum will become a hybrid coin first (PoW and PoS) until the network fully transitions into PoS (which is ETH 2.0). Polygon won't become obsolete simply because it's a sidechain with its own network architecture. After all, Polygon relies on the main ETH blockchain for security. The launch of ETH 2.0 is inevitable, so the best thing other projects can do is to adopt the latest trends in the crypto/Blockchain space in order to avoid being left behind in the dust.
So there's no hard fork and Eth 1.0 POW will change into Eth 2.0 POS in stages?
The purpose of Eth 2.0 is cheaper fees because current Eth 1.0 gas fees are killing everybody, on that note if Eth 2.0 will have cheap gas fees then why the need to use Polygon for cheap fees when Eth 2.0 already has cheap fees