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CappyNate🍁
18fcc139950a9cce3fee5ee4f4f46f3e3f0e338277dcc8bcd692b3ce0e94084e
Tech, money, startups, free-markets. Sidelined by undiagnosed neurological issues since 2020. 🕔 heatstr.vercel.app (Busiest Nostr hours) Banned by LinkedIn Nov 11, 2024.

Time to sidestep was $74k when I first started warning about it. Confirmation of red scenario (if we get it), won't be until much lower.

The guidance lines on this chart haven't moved since I posted them in Mid-March. Yet look where we are.

The longer BTC fails to overtake ATH, the more likely $74k was the top. A 5-wave move off the highs would confirm the top, we're in W3 (or C) now. Resolution is nearing.

PS: Charts don't care about Bitcoin's halving.

Good point nostr:npub18cxqklkp83g2fv9mk7kgkag0lz4s7yacpk8ljm3sfx0agrx6320qruqz89. Decentralization is the limiter of speed. But even Litecoin has 2.5 minute block time. Not any more or less usable than BTC. But it is faster.

To me, usable has to be 4 sec or less. I'm testing and learning Nano now. It's always been of interest to me. Checks all the boxes, fixed supply (all mined up front), instant transactions.

I don't understand its mining/consensus yet. Maybe a dud. We'll see.

I think Bitcoin has a wakeup call. It can remain as "digital gold", slow, store of value. But that means people use something else for daily transactions.

Lightning, or another L1. To me, the usability difference between Lightning vs another good L1 is minimal. Risks, exchange time, costs. In fact Lightning probably fares worse at these.

So if a faster L1 protocol comes out with moderate security, capital will flow there for payments. But it may start accumulating there and avoiding going back to Bitcoin at all if/when that L1 protocol proves itself. Very likely scenario IMO.

No you don't need to track UTXO's because UTXO's are stupid. Them and blockchain are the constraint of the whole system.

The distributed ledger is all that matters. You don't need to know "who sent what". You only need to know "who owns what". That's it. The ledger.

The logic is simple: Has key? Has balance? Send approved.

Hey that's super cool! 👏

Ya I agree. The overwhelming Bitcoin worship echo chamber ruins it. Need more normal users.

I've fallen off Nostr for the same reason. Legacy social bans will keep trickling users over here though. Elon is marketing Nostr hard lately with his bans.

So nostr:npub1mfndvgwstwm604jvrt07p6nyy898mdsdzzyumx9sdn8u6r4za4uqck6f8v posted "mother" as the 12th word, yet there's not even an "R" in his letter list.

This is disingenuous. I was under the impression his seed phrase was only 3 and 4 letter words, consisting of only the letters copied.

Not the first 3-4 letters of any length words.

This is impossible. He might as well not even have given letters. Total waste of time. I regret even engaging.

This was posted before any clue words were given. I see the words are not only 3 and 4 letter words as the poster originally claimed. So that changes everything.

Replying to Avatar Luxas

Scarily accurate.