My long-term price predictions for 2030:

- #BTC at $180,000

- #GLD at $5,600

Am I too optimistic or pessimistic on #Bitcoin and #Gold?

#Trading #Crypto

I’ve heard many bitcoiners say that it’s okay to use #Monero to pay for things (because it’s private) but you shouldn’t hold #XMR and that you should hold #BTC instead because it’s a better store of value.

I disagree. If you look at the BTC/XMR chart in the last bull cycle, you’ll see that Monero has performed about the same as #Bitcoin as a store of value.

As such, I think a better strategy is to hold XMR and use it for payment while trading BTC which is likely to be an asset with more trading opportunities.

Why would you want to hold BTC rather than XMR when they both do about the same as a store of value while XMR is a superior medium for payment?

The only case I see for holding BTC rather than XMR is that a spot ETF will be approved which would likely bring a massive influx of capital into Bitcoin but even then, it’s unclear if BTC would end up being a better store of value (since we may see similar massive outflow during bear markets). It may still be a better strategy to mainly use BTC as a trading vehicle.

Interesting interview on American elite capture by the #CCP including #BlackRock.

#Geopolitics #Politics

https://rumble.com/v3h5vyw-warroom-battleground-ep-371-warroom-special-elite-capture-indictment-of-lar.html

> “When I stated I want my data on the longest running blockchain, I'm not saying lightning runs on the base layer as much as lightning functionality requires it. When a lightning channel opens, a base-layer transaction on the Bitcoin timechain is broadcast and verified - That's the crux here.”

>> Isn’t this similar to how #drivechains would interact with the $Bitcoin base layer, just to peg-in and peg-out funds between two networks? By your definition, how would #BIP300 be more a “Trojan horse” than the #lightning network?

> “Every day BIP300 is seeming more and more like […] a last-ditch effort from shitcoins to remain relevant”

>> I still don’t understand how drivechains would make other #crypto more relevant. It seems to me that drivechains have the potential to make other blockchains less relevant although I’m skeptical that drivechains will have this effect. Especially, you insinuate that people involved in other crypto are making an effort to push BIP300 but I haven’t seen any evidence that this is the case.

#blockchain #drivechain

Subscription relays are certainly the best option right now and I haven’t been looking into it by laziness but it just adds friction to the user experience. Of course a good crypto-economic model is complex to implement and there is no guarantee that it will work better but it has the potential to provide a more consistent experience for all users. Also are relays asking for a one time fee really sustainable? I doubt it. We’ll probably end up paying a recurring fee but also we are loosing the key value proposition of #Nostr which IMO is decentralized redundancy. I’m not sure that users are willing to pay for several subscription relays. A crypto-economic model tied to an ad platform would seem to have more potential to me. Not that is is easy to implement successfully though.

I really wish #Nostr would have some sort of built-in #crypto-economic model that would pay #relay providers. This would greatly improve and facilitate user experience with the storage of their posts.

#blockchain #relays

I think #BTC resumed its uptrend. The next target would be the $55K region.

#Bitcoin #Trading #ElliottWave #Crypto

Thanks for tackling the topic of decentralized #digitalID ! I’m sure this theme will grow in interest over the next few years. With #crypto our governments don’t have the monopoly over money creation anymore, there is no reason for them to keep the monopoly over IDs creation/management. I need to listen to this episode again because I didn’t understand all the technicalities discussed. Also it’s unclear how the proposed mechanism would prevent sybil attacks.

Instead of creating a separate ID system on top of #Monero, why not integrating with an existing decentralized digital ID #blockchain such as #Idena which is Sybil-proof?

Indeed, it should be possible to link a #XMR address to a #iDNA identity to prove that this address isn’t a #sybil address. That wouldn’t impact the anonymity of other addresses. This could even enable a fair voting (with non-Sybil participants) mechanism on top of Monero which could be a good way to manage a Monero treasury to fund developers.

The innovation #Goldbacks bring in comparison to tradition #gold products is that they democratize the action of transacting in gold. Not only gold is now accessible to all budgets but you don’t need any expert knowledge to transact it. If you know how to do additions and subtractions you can use Goldbacks. No need for specialized testing devices to know whether or not the product you hold in your hands is a counterfeit. And of course, it can be used for small transactions. I think too many underestimate what a revolutionary product these are.

#Goldback #Money #Currency

#BTC needs to break $28,228 to invalidate bearish count.

#Bitcoin #Trading #Crypto #ElliottWave

Have you tried sending large amount with #lightning?

Also you say: “I want my transactions, be they money or others forms of data, to be recorded on the longest-running, most secure and decentralised network because it is the most resilient to attacks.”

I’m sure you understand this but when using lightning the security assumptions and decentralization is mostly those of the lightning network not the #Bitcoin network. As you probably know, lightning isn’t very decentralized. Also, lightning total transactions volume is a small share of those occurring on the base layer or with wrapped #BTC. So again, it’s not proven that lightning can scale Bitcoin transactions.

Finally you say: “We're not going to take another blockchain that made immediate trade-offs for immediate solutions.”

Isn’t the exactly what #BIP300 and #drivechains will prevent us to do? What you say here seems in contradiction with your opposition to the concept of #drivechain.

#Lightning was supposed to allow #Bitcoin to scale. Do you think it has succeeded to achieve this goal?

The latest #Idena chronicles is out! Ceremony #120 is tomorrow! Good luck!

#Crypto #Blockchain #ProofofPersonhood #iDNA #DigitalID

https://medium.com/idena/idena-chronicles-116-119-44572e34d461

I don’t trust #Tether with their USD backing so I would trust them even less with their #gold backing.

#crypto

I would agree that having a 1/20 tz #goldback by itself wouldn’t make much sense but #goldbacks are fungible like regular banknotes and divisible down to 1/1000 tz. Hence, having a large denomination like the 50 goldback makes sense.

I don’t think we can compare the premium of goldbacks with #gold coins because they have different use cases. Goldbacks are a lot more spendable that gold coins. They are meant to be used like banknotes. Besides the fact that gold coins aren’t as fractionable as goldbacks, you also need a sophisticated process to ensure that they aren’t counterfeited. Goldbacks comes with built-in anti-counterfeiter elements that can easily be verified.

I would expect the goldback premium to remain higher than the gold coins premium. I would also see as likely the possibility for the goldback premium to rise at a higher rate than the price of #gold (it has happened in the past).

#Goldbacks are the most revolutionary form of #Gold the World has seen so far. It’s growth won’t be stopped.

#Goldback #Money #Currency

If can’t recall an example when state propagandists used reverse #psychology against the people then, you’ve certainly been fooled by it.

#propaganda

They are trying to pass laws to ban #VPNs in France but so far politicians are back peddling under the pressure from the civil society and #privacy advocates.

#VPN nostr:note1lyq822duqhm0aufq5zujkpvet7zjrnxvmzdr8h6yk77e6z3vtd4qtt0qax

You can use a filter to filter out data.

KYC coming next…