This…
I believe the crapshow that FTX demonstrated was not only allowed to happen but it was sanctioned to happen by higher ups in the federal government. They know that Bitcoin will continue to rise and they know it’s going to eventually go like crazy. They want fractional reserve Bitcoin because they think they can control Bitcoin.
In the long term picture, they are fighting windmills and chasing the wind. In the short term/mid term they might be moderately successful in suppressing some price action relative to fiat.
#[0]
Heard a CNN video report on how it appears the dollar is losing reserve status. No surprise from #plebs and maxis. Of course they blamed recent events instead of all the real issues but still surprising they said that much.
Exchanges will know how much you’ve purchased but there are ways without selling that they won’t know where it’s gone.
Yes. I created a doc you can print out to write down all your binary numbers. You will need a list of the BIP 39 word bank. And, you will most likely need to use Ian Coleman’s tool on an air gapped computer.
Yeah, the more I read on this RESTRICT Act, the more I don’t like it. It’s opening the door for govt censorship. It’s not just about TikTok dance videos.
#[0]
That’s one thing the Fed has been successful at doing
US banks borrowed almost $500 billion last week and depositors have moved $500 billion since Silicon Valley Bank collapsed. The WSJ reported that over 200 banks are in a similar situation as SVB. If all this hits before the US can raise the debt ceiling, we’d be looking at a catastrophic default. If they manage to raise it in time, we are still looking at the same outcome.
The Fed is out of solutions and can’t kick the can down the road anymore.
100%. Add to that list the amount of trash China and India dumps into the ocean which is responsible for about 99% of the ocean’s garbage.
This is interesting. Don’t get hung up on the word “crypto.” This is good for Bitcoin. As the Fed Govt starts to make it harder to buy and sell Bitcoin, one potential game theory is that states will rise up and lead the way causing a split between the US Fed Govt and Bitcoin friendly and even possibly states that use a Bitcoin standard. This may be the catalyst to turn the US to exit fiat into a Bitcoin standard out of necessity. But it could lead to Civil War.
https://twitter.com/jquantanalytics/status/1639576301513080837?s=46&t=g4WX3U3S7yju4k8JqsOqRA
It’s their best attempt at controlling Bitcoin (which is fruitless)
When you say STFU, I can’t help but read smugness. If you don’t understand Lightning or coinjoins and don’t want to learn, I can’t help you. Have a good day.
Sats do equal sats as in they count the same economically. I’m very aware of privacy and the complexity of KYC sats. Your question was unclear and was asking if non KYC sats and KYC sats can be on the same wallet, and the answer is yes because sats are sats.
However, privacy is a different issue. Your KYC sats are not private and won’t be unless you do some work as I stated earlier. One option would be to route those KYC sats through Lightning channels and then bring them back on chain. You effectively change the coins. Coinjoins through services like Whirlpool would also be a nice edition to making them private.
If you don’t understand that KYC sats and non KYC sats can be on the same wallet, I would respectfully suggest that you have more to learn. The smug attitude is unnecessary to someone who was just trying to help.
I was referring to pleb34. Your answer seemed to be at the misunderstanding of his question.
Are you asking “Is there a way that KYC sats can become private sats?” If that’s what you’re asking, then the question is still yes but you have some work.
Sats are sats. You can use different addresses so others don’t know they belong to the same keys, but sats are sats.
The only hope for the American and global banking system.
#skullofsatoshi
#bitcoin
#plebchain
Fortune and glory.
US bank deposits fell by almost $100 billion this week. Once people stop trusting the banks, the ponzi is over.
Awesome video by Ray Dalio on changing world orders and why the US dollar is on its last breath.
#bitcoin
#plebchain
Depends on the time frame. I think 1 or 2.
I really think Bilajis thesis is plausible even if it isn’t probable in the timeframe he has tossed out.
However, here is how Bilajis $1M Bitcoin price in 90 days could be accurate.
1. Unrealized losses from long term Treasuries at ridiculously low rates are held by many banks.
2. Stock prices fall as a result of these liabilities growing on banks balance sheets.
3. Falling stock prices create distrust in banks.
4. Distrust creates bank runs causing failing banks.
5. Fed tries to stop contagion with inflationary QE measures.
6. Due to inflation being severe still, Fed increases rates only intensifying the problem.
7. Smart money starts to exit banks into hard assets (Bitcoin being most attractive).
8. Bitcoin price starts to moon.
9. As banks fail and Fed keeps inflating currency, Bitcoin decouples from dollar and moons like crazy.
#bitcoin
#plebchain