That goes pretty much for the whole of Europe.
They have connected all countries.
Same as ever: make things bigger to be able to kick the Can further..
Just prepare, be quiet..
JP MORGAN is just part of it.
Governments, banks, the fiat syatem....
BOYCOTT it all, starve the beast: #BITCOIN !
This arguments will be harder for so called "stranded energy". But ideas on how to use byproducts especially things like heat is always worth a thought or two...
Isn't that exactly what a percentage is trying to make understandable.
But I have to agree percentages, exponential functions, accumulating interests etc are only understood by a few.
Depending on who you read, we're a couple of days out from ThanksTaking, mourning or celebration.
'Dawning of The Apocalypse', by Gerald Horne
Earth, Wind & Fire - Fantasy (Official Audio)
https://youtu.be/r58GQYFZeLE #BITCOIN
Most people that would realize what other humans are capable of, would not be able to function normally for some serious time...
Noobie Bitcoiners would do themselves well to go back and watch as much Andreas Antonopolous as they can. He's been a voice of reason in the larger conversation for years. Interesting to hear his thoughts on #Bitcoin and spam.
https://blossom.primal.net/edb50f980494ecfe02eb8ad237d23fc70d371996f5831d7ec08d137a97b7dc7e.mp4
"Already said garbage" is great.
First time I have ever doubted Andreas points.
Yes the power to censor is dangerous.
But 99.99% about the Bitcoin protocol is leaving out what it isn't.
Leaving out the right stuff and including the right stuff is key.
Leaving garbage out is good.
So don't say you don't know.
If you don't know don't touch the code and if you don't know especially don't add things you don't understand or know the impact of.
It's not easy.
Don't fix what ain't broken.
It's a payment system / money.
Let other things be tested in the shitcoin field.
If a real addition and needed and proven we can think about it...
I have not found any source to provide long term data about exchange reserve numbers that was not obviously manipulated....
Long term graph show ever declining numbers but if you zoom in the absolute numbers shown the current numbers has stayed rather constant.
As if new Bitcoin are found to to compensate for sold Bitcoin or whatever.....
The desire for power is at least latent in every one.
The problem is what people do with it once gained.
Well you don't try to hide it, with that name !
Valentina Gomez purchases a meal at Steak n’ Shake with #Bitcoin
https://blossom.primal.net/9e789360d6e6935fb842499c2ba8b45614ad6366d4931a0afe35d0c88a5179d9.mp4
I guess losing your keys is the only worse thing you can do with your sats than spending them at Steak n' Shake ?
Perhaps even a better thing ?
"The original vision was that nobody would need to sell their #BTC for fiat but because Bitcoin has failed to be broadly adopted as a medium of exchange"
Original vision, of whom ?
Next that statement is contradicting itself and you explained why yourself !
"Due to its non-linear emission"
Established history is closer to Z than A.
Usability the same.
No shitcoins !
Please bring those "Bitcoin is dead" in.
Missed them for so long...
Put some #Bitcoin under that tree :0)
The supposed money man probably understands verry well.
Being allowed/willing to undermine their profit system is something else...
I see very few people wanting to talk about it.
But if this, $ 120k, was the new #Bitcoin 4 year cycle high, it was a lousy run.
Just ~double of the last ath of $ 60k in 2021...
Perhaps not bad compared to most out there, but still on the lowest side of the bandwidth I had in mind...
Nevertheless I don't think any of my or any other model will hold when the fiat system wil start to implode.
Just the basic numbers:
Derivatives market is now $600 Trillion.
This is ten times up from the number it was in 2008 financial crisis then it was $ 60 Trillion.
So not only was nothing learned or fixed, things got TEN times worse....
The system can't afford a new bail-out so they made legislation about an bail-in.
All deposits, all savings and probably all pension savings will be used to 'save' a system that is mathematical not save-able.
I won't start about unfunded liabilities.
If things can't continue they will stop.
It is gonne be a mess.
Not wanting to see this is understandable but not smart.
Who could have seen it comming ?
Well a blind monkey can......
YOU ARE NOT SUPPOSED TO JUMP !
All that knowledge.
But not the wisdom to just keep stacking a bit longer to be able to live off it without any risk.
Can you explain that to me too ?
You use way to nice words.
But are correct :0)
I gave this lots of thoughts.
0
Yes Bitcoin.
Yes fuck governments.
But what use does it have to 'over do it' and make your money not spendable on everything (house, ground, car, company, etc) governments are involved in ?
Getting money ouside the system is way easier than the other way around..
Move to a better jurisdiction should be the first idea ?
Are you now telling that we just should implement every stupid idea untill Bitcoin dies ?
Don't you think it is a bit retarded to go that way ?
Launching your own "Trump coin" isn't enough direct evidence to you .....
Well there are millions of people.
Many have conflicting views of what Bitcoin is and how it works.
They can't all be right.
I mailed the treasuries department about Bitcoin some where in 2016.
Had a phone call where I explained my views.
Than the question dropped what my financial education was.
End of story 🤷♂️
Than write a book or website explaining why ?
Just disqualifying people won't achieve anything and perhaps even the opposite.
If people don't take the time to explain, defend, argue about their intended changes, they should not work on a project such as Bitcoin.
I understand they can't explain it to everyone individually.
So that's is why we need to find a way, book, website, where these things are explained in a way most people can understand.
My "apocalyptic rhetoric" is founded by a life time experience of governent abuse, ever less freedom.
I think just hoping everything will be all right and looking back at the last 50 to 100 years, probably way more, is more reason to doubt the sanity of a person than my "apocalyptic" view..
This is not solvable.
Even if every core developer would be tested every day by a lie detector, would swear on their mother that they have honest intentions, abuse is around the corner.
People can be corrupted, black mailed, and what more.
We can't let this, probably, last shot at some human freedom be destroyed.
Thus we need to find a way to ASAP freeze the release.
New development can be done on other layer like LN did.
Bitcoin has way more utility than Gold.
For that reason it will surpass Golds market capitalization.
Gold is superior to fiat as value transportation over time.
In that sense it will always outdo fiat.
Bitcoin is superior to fiat as value over time and due to less inflation compared to Gold, will outdo Gold.
Bitcoin can just as fiat transport value over space and for that reason will also outdo Gold.
Besides those, due to the decentralized properties of Bitcoin it is outdoing both Gold and Fiat.
Holding Gold is better than holding fiat.
But Bitcoin will dwarf both.
By looking at some biased time frame you will be fooled in the long term.
Pssstt.
He Peter.....
Look at THIS:
Bitcoin has to be resistant in some way (or fail).
It has always been strange to me a small group controls the code of the one freedom tool available to mankind.
Did anyone believed that attack vector would not be used ?
So now we will see how this get resolved.
Has made me wonder for a long time.
If so few understand PERMISSIONLESS what do they know about freedom, money, value, and so on.
To realize a lot of "Bitcoiners" are BINO, Bitcoiners In Name Only.
📉 Beginning of the 2008 Crisis
On September 15, 2008, Lehman Brothers filed for bankruptcy in the United States Bankruptcy Court for the Southern District of New York — a moment that became the clearest and most undeniable sign that the global financial crisis was fully underway.
Six weeks later, Satoshi announced Bitcoin to the cypherpunk community.
https://bitcoin-calendar.org/en/events/2008-09-15/beginning-of-the-2008-crisis
Nothing was resolved...
The crisis was suppressed by pumping public money into the system.
That only made the situation worse since debt was the problem to start with.
So we all got poorer, the overall situation got worse, those who fucked up are still in place and some where rewarded for doing such a good job.
And we just can wait for the next crisis that will be bigger.
Not to mention this time depositors are directly on the hook due to the bail-in legislation.
Have fun doing fiat !
Perhaps study #Bitcoin ? 🤑
If someone wanted to cheat on the last block, he would have to keep on mining all/most future blocks.
As soon as they would stop or a good miner would take over, that chain would be the truth and undo all blocks that were falsely manipulated.
It is generally assumed the energy needed to falsify transactions with possible gains that can be made (double spending of owned #Bitcoin is one of the few things possible), and to maintain that chain will cost way more than can be achieved by doing the honest work.
Especially since if the false chain was broken all energy spend and all gains would be gone too !
Any wrong doing would be noticed and why would people keep using a monetary system that is known corrupt (plenty if I look at fiat 😇).
And a hard fork would be an other defend mechanism.
The only real reason to attempt such thing would be completely destroy Bitcoin.
Most argue even state actors won't be able to pull that off in current reality.
We don't have to destroy anything, one of the beautiful things of #Bitcoin.
Not owning #Bitcoin should worry you 🤷♂️
#Bitcoin can provide all of it.
But I'm scary of the Human capabilities to fuck up......
I wonder if you don't understand your audience, or if this is a smart way to get more Knotzies nodes running ?
Never been waterboarded ?
Most don't realize it.
By going either long or short you setup the incentive for market manipulation.
Others have only to shortly breach the needed price levels to trigger a liquidation event.
By the gains made you also provided liquidity for even bigger price movements the next time.
When going to a casino most know the house can be the only one to win in the long term.
Why would anyone thing this is different in the derivatives market ?
You really think this was setup for us to be able to gain ?
Borrowing against your #Bitcoin is a derivative exposure.
It is not a business designed so you can pull in future gains on your bitcoin, that is the marketing part.
It is designed these companies can make money.
And you are their yield.
"Hugely Late" is what you mean ?
The scary part of Democracy is that only a majority makes the decisions 😱
Calling Fiat a Ponzi Scheme is not correct.
Fiat is Evil.
It harmed more people than all Ponzi's combined.
The damaging effects will hound us long after it is abolished.
Future generations won't understand why most accepted it, used it everyday, gave their labor in exchange for it, but mostly will be flabbergasted anyone hoarded it and thought they were actually SAVING.
Study #Bitcoin !
A wallet is basically a device/SW that keeps an overview of your unspend transactions UTXO's and the private keys to be able to proof you are the owner of those UTXO's.
The while set of those UTXO's and PK's is derived from your unique set of characters.
That set of characters can be your set of seed words or a set of seed words extended with a passphrase.
The are all seeds, 12 or 24 words out of a predetermined list, with or without an extension of 1 to 128 characters...
For the deterministic wallet, we all use those, it doesn't make a difference:
A deterministic wallet is a system of deriving keys from a single starting point known as a seed. The seed allows a user to easily back up and restore a wallet without needing any other information and can in some cases allow the creation of public addresses without the knowledge of the private key. Seeds are typically serialized into human-readable words in a seed phrase. The BIP 0032 standard for hierarchical deterministic wallets is used by all good wallets as of 2019.
Fiat is doing what is designed to do.
Calling it broken is not helping.
The Government/Bank/Fiat symbiosis is to abuse the people.
Before #Bitcoin there was no real alternative.
Now we can break free and it doesn't even require violence.
We can't let this opportunity go to waist !
I love #Bitcoin.
But it doesn't solve all our problems.
Government overreach, corruption, violence, psychopaths are just a few things we humans need to resolve.
Bitcoin is sound money.
It will transform a lot even how we think and judge on things.
But without further action its power is limited.
Fiat is issued by government/bank to rob the people.
The IMF and Workd Bank used fiat to rob countries.
Fuck them all....
