I think it may be as well. 👍

Fire can't exist without life. Even though there are water in several planets, fire is exclusive to earth (Sun is plasma).

Let that sync in.

GN.

I once swallowed a book of synonyms.

It’s given me thesaurus throat I’ve ever had.

A virus is making people forget 80s rock bands

Nobody knows The Cure.

I have a pen that can write underwater.

It can also write other words too.

What time of day did you start?

Why is it cheaper to throw a party in a

haunted house?

Because the ghosts will bring the boos

Mostly because Staking increases the power of the already rich (in that token) over time. Those making decisions on which blocks to add to the chain get a bigger share of those decisions as time goes by.

On top of that, the staker's weight on those decisions is proportional to the number of tokens the staker has. In Bitcoin, for instance, a miner's power is based on their hash rate and not the amount of bitcoin they are holding. They have to spend bitcoin to acquire hash power to try to get more bitcoin. In Ethereum, stakers don't need to spend their ETH to get more ETH

Staking is also not as risky as mining. If a staker behaves minimally well, he/she will never lose their tokens. A miner, on the other hand, can easily go out of business on any unforeseen business situation. A risk-free process is more centralizing.

Separating the power of having all coins from the power of running the chain is a unique feature of proof of work systems. By merging the two powers, Ethereum centralizes control between those who have coins and coders of the protocol. And one might argue that coders and those who have coins are also the same group of people today.

Governance will be tricky.

In my mind, Ethereum is a company. People are, of course, free to buy shares of that company. It might be a profitable trade but it is entirely dependent on the humans running that company. After all, those humans can always decide to dilute shareholders further or have a buyback program in a similar process to what regular corporations or central banks do.

The council of Elders controls the chain. And the Council of Elders also happens to be the richer folks in that system. The rich control the token dilution process and are the first in line to receive new tokens when they dilute them further.

Alexander the Grate

More COLDCARD Q1 Progress! Got this pics from the factory this afternoon.

Top of the morning. ☕

1370 here we come.

Currently short a bunch of shitcoins and waiting to see how the market reacts to the macro news on Wednesday and Thursday as well as the potential supply coming from FTX.

Back to posting charts on nostr!

$BTC update

We got the 3-month reversal - momo-up reversal - which now puts the 24825 pivot in play.

The multiple outside bars have caught a lot of traders offside.

This is when zooming out to a higher timeframe helps see the forest through the trees.

On the 12-month - $BTC is clearly trading inside year and it's very unlikely we break that range.

Tactically, this still means that on a risk-adjusted basis, it's still best to sell rips and buy dips.

If you're a longer-term trader/investor then keep some gun powder dry, don't chase as you will have opportunities to buy $BTC at cheaper prices.

Best Android phone. Go!