At what point does a Bitcoin bull who only holds paper bitcoin get disappointed enough in the price action to reflect on their own choices?

It could go something like this:

"Perhaps if I want the Bitcoin price to increase I should contribute to its scarcity by taking self custody instead of holding an IOU."

"Decentralization isn't just a technical architecture but it's the recognition that concentrating authority in credentialed gatekeepers creates incentives for corruption and failure. It's the understanding that distributed verification is more robust than hierarchical trust. It's the claim that individuals equipped with the right tools and mindset can evaluate complex questions without deferring to experts who have demonstrated neither wisdom nor accountability, and who are, more often than not, simply mercenaries selling their credentials to the highest bidder."

A kernel of truth that the average suitcoiner, and in some cases even Bitcoiner, either doesn't understand or cares little for. Decentralization is more than just a buzzword but it's a mindset that resists "because i said so" type of capture from credentialed experts and the institutions they represent.

nostr:naddr1qvzqqqr4gupzq4rqjpyzsnf2z5wgma397sxr382z8mg90l80jf7m3z2k628z9wsrqy88wumn8ghj7mn0wvhxcmmv9uqjqamnwvaz7tmzd96xxmmfdekkz7rfd4skc6tnw3ejummwd35kuef0qqa8g6r9943hyetyv4h8g6tpd3jkgttrv9e8getv94skuepdw35x2ttjd9ek2tt0vckhqun0vejhxumfdahxzmpdd35kzunnqegu3c

it was a beautiful end to the day

Good Lord I need a nap after fact checking and writing this response. Lol

Monero doesn't have a fixed cap. It has tail emission. 0.6 XMR per block, started May 2022. Creates about 1% inflation initially and trends toward zero over time. Keeps miners incentivized long-term without relying on fees alone.

Supply is predictable. We know exactly how many coins exist: roughly 18.44 million XMR plus 0.6 XMR every 2 minutes. Accounting for lost coins, probably deflationary in practice. That's scarcity.

On 51% attack resistance—yeah, attacks were attempted recently. August 2025 saw a 6-block reorg. September brought an 18-block reorg, the deepest in Monero's history. The selfish-mining attack peaked around 33% hashrate, not majority control. No double-spends executed, no funds stolen, but 118 transactions rolled back. Real stress test.

Monero's response was immediate. FCMP++ development accelerated. An alpha stressnet launched October 3, 2025.

FCMP++ moves from ring signatures with a ring size of 16 (15 decoys + 1 real) to full-chain membership proofs. Instead of proving your transaction came from one of 16 possible outputs, it proves it came from one of millions across the entire chain. Makes tracing effectively impossible.

Optimization competitions ran. 100 XMR bounty for helioselene, 250 XMR for ec-divisors. They achieved a 5x speedup in proof generation. Beta stressnet targeted Q1 2026.

Consensus hardening happened at the same time. "Share or Perish" fork-choice proposals are under active development. They’re designed to penalize delayed block broadcasts and kill the profitability of selfish mining. Additional finality layers and merge-mining concepts are being explored.

December 2025 status: hashrate at 6.74 GH/s, network stabilized, 17 active FCMP++ implementation issues with 4 closed, XMR up 94% year-over-year despite the attacks, privacy cryptography intact. Zero protocol compromises.

The network got tested. It responded with technical fixes, transparent crisis management, and fast timelines.

If you need untraceable transactions at scale—nothing else does what Monero does.

GN

I did as well sea beaver 🦫

❤️

Thank you for your service

2025-12-20, 23:59 UTC

610 days after halving

Current: $88,292.45

2012 scaled: $3,009,188.83

2016 scaled: $930,463.33

2020 scaled: $326,255.12

Quantum computing won't matter in the 2020s, but it will take damn near a decade to quantum proof the network.

I figure if we wait until it's clear that a cryptographically relevant quantum computer is less than 5 years away, we're pretty screwed.

Better to start preparing too early than too late.

banks dont need consensus, soft fork/hard fork discussions or have into account coins that don't upgrade. My bank account is also not on a public ledger. banks will upgrade much sooner. Satoshi coins will be a prime target for QC, it's a free treasure.

What I have heard is that viewed sololy from a state of the art technical perspective, zcash have some innovative privacy features.

- I have been long enough in the IT space to know that, it is sometimes better run with the tested and proven tech and not the latest release.

- The people and money behind, the "community" if you could even talk of such (it seems very closed). Kind of turns me off, the pump and dumps of a few people and their involvement with organisations I deem problematic.

- The real adoption as p2p payment use is not really there. Instead focus have been turned on the acceptance on the CEX as an investment object instead of a medium of exchange.

- The optional privacy feature seems to only account for a small fraction of the transactions. Which is kind of worrying, for the future as a privacy coin if this feature is hardly used, it is also easy to remove.

Spectacular. Winter has arrived, again.

The difficulty adjustment does fall, it just falls much slower when the price drops than it rises when the price increases. The reason why has to do with the economics of mining operations.

Mining has several costs that need to be considered, the first is the initial cost of the time and money to set everything up. This would be contracts for energy and the purchase, relocation, and setup of the equipment to begin mining that energy into Bitcoin.

The next cost would be the upkeep, staffing, rent, maintenance, and energy costs.

When the price is rising it's easier to invest the primary starting cost to get the operation running and/or expanded, once setup the continuing costs of keeping the whole thing going is much lower, so they can keep mining even at a temporary overall loss considering their original investment, as long as they're still marginally profitable given the operation is already in place.

When the price is falling, the only cost that matters is the marginal continued maintenance and energy costs. The initial investment has been made, it makes little sense to completely shut down an operation during a temporary dip if they're able to keep running at marginal profit. Marginal profit is better than zero profit.

These factors mean mining operations reacts to upside price volatility much more than it reacts to the downside and, since the market reverses quickly, it causes resistance to the downside and helps increase confidence in the network which increases the value and raises the price again.

Take a look at the last 1 - 3 years (attached) and compare the price action to the difficulty adjustments. We're still in a bull market, it's just difficult (heh) to see when focused on the price.

Gm fam

If Bitcoin is “captured”…

What about the current system?

Oh yeah, they don’t mention that part

It will over the long term.

For those who don't understand why:

The Bitcoin of 4+ years from now will always be worth more mining cost in time than the Bitcoin of today. This fact will always be true due to the halving.

The fact that it's programmed to be worth more time later, gives incentive to get more NOW while it's easier. This drives up competition, which increases hashrate faster than it would if the halving wasn't a thing.

Hashrate is simply an increase in the effort of mining equipment, which don't get more efficient faster than the difficulty adjustment makes it harder. The increased hashrate means increased energy input. Energy has value and, coupled with the increased time required, this increase in the value input leads to an increase in the value of the output.

Regardless of how many Satoshis that value is divided into. The less Satoshis in the output, the higher the value per Satoshi.

GM

GN

I see John Fetterman every year at a charity event and I met with him again tonight. We talked for a bit and it’s funny how different reality is from what your mind projects.

He was there with his family. His dad. His brother. His wife. Not the political caricature you see online. No security, no show, just a normal guy having normal conversations.

When you see behind the scenes you realize they’re just people. Real life is people doing people things.

The Royal Tennenbaums is the best Wes Anderson film and if you think otherwise you are wrong.

That said if you’re a life aquatic or Darjeeling limited enjoyer than you are also right.

But if you’re one of those grand Budapest hotel people please go fuck yourself.