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Boris_Badenov
074f4dc05ce0080c4e1355f7b003217ca396176d01fc5e0d829ce118e709ec0b
just trying to reduce my digital footprint

William D. Gann was a legendary stock trader, whose record for accuracy was also legendary. Wyckoff tested his results, and claimed he nailed around 93% of his trades. A 33 degree Mason, Gann used a lot of very complex tools for his forecasts, including Eastern based cosmology. I have used his Gann Fans and Square of nine tools, and they have been helpful.

From his astrology, Gann produced a long term calendar, and indicated that the year 2025 would be a key pivatol year to the downside. Waiting to see if this happens.

Still 10 minutes left in this boring game

Congress needs as much, if not more scrutiny; but I can't deny that the Fed has been responsible for every recession. Suggest reading Minsky.

How does Ethereum's supply compare to Bitcoin's

Bitcoin and Ethereum differ significantly in their supply mechanisms:

- **Bitcoin** has a **capped supply** of 21 million coins, ensuring scarcity and acting as a store of value. Its issuance decreases over time through halving events, with the final Bitcoin expected to be mined around 2140[1][2][3].

- **Ethereum** does **not have a fixed supply cap**, allowing for an unlimited total supply. However, mechanisms like staking rewards and transaction fee burning (introduced in EIP-1559) help regulate its supply, occasionally making it deflationary[1][2][3].

This distinction emphasizes Bitcoin's focus on scarcity and Ethereum's flexibility for broader use cases like smart contracts and decentralized applications.

Citations:

[1] Bitcoin vs Ethereum: What's Different Between BTC and ETH? https://crypto.com/bitcoin/bitcoin-vs-ethereum-whats-the-difference-between-btc-and-eth/

[2] Bitcoin vs. Ethereum in 2024: Comparison & Outlook | VanEck https://www.vaneck.com/us/en/blogs/digital-assets/bitcoin-vs-ethereum/

[3] Understanding Bitcoin and Ethereum Supply - Fidelity Digital Assets https://www.fidelitydigitalassets.com/research-and-insights/understanding-bitcoin-and-ethereum-supply

[4] Ethereum vs. Bitcoin: A Comprehensive Comparison - itez https://itez.com/en/blog/education/ethereum-vs-bitcoin-comparison

[5] Ethereum – Is It Worth Looking Beyond Bitcoin? - Leo Wealth https://leowealth.com/insights/ethereum-is-it-worth-looking-beyond-bitcoin/

[6] Bitcoin vs. Ethereum: Which Is the Better Buy? | Investing | U.S. News https://money.usnews.com/investing/cryptocurrency/articles/bitcoin-vs-ethereum-which-is-a-better-buy

[7] Bitcoin vs. Ethereum: What's the Difference? - Investopedia https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp

[8] What are the differences between Bitcoin and Ethereum? - Coinbase https://www.coinbase.com/learn/crypto-basics/what-are-the-differences-between-bitcoin-and-ethereum

It really doesn't solve money, if central banks control it. As an analogy, let's say you have a fixed number of dollar bills, and the gov says we will never print another dollar bill. So as the economy grows, the demand for commensurate dollars grows, and the dollar skyrockets in value. Deflationary spiral, and gov, a net borrower defaults, or economy goes into depression. So the gov comes out and says, you know, that dollar (btc) you own? It's not worth 100k, we are going to devalue and say it is worth 50k. And Mr hodler, if we catch you doing any funny shit on the side, we will consider you a counterfeiter. We have an irs agent on the way to discuss this with you.

I guess the point I'm trying to make is this. Don't view btc as a utopia. There are numerous obstacles. 1) regulatory I mentioned. 2) commoditization -- wall street btc futures, etfs, banks, sovereigns. Markets can be cornered, fixed, and have been, like gold. Shorting will happen, so take advantage. 3) Sovereign control. If btc challenges central bank control, then central banks will take control. If so, you lose. If central banks adopt as currency, go back up to #2.

If you hold, you will be OK long run, as long as it is not outlawed, but volatility might get scary. So, don't paint it as a panacea, deal with it as it evolves.

Not on the ledger. If they can tie a purchase to you, they can tax your butt or throw you in jail. Basically, they can do whatever they want. And there is a lot of land around, but I guess they could do the same with gold.