Great time to consolidate.
Will mempools clear again? At this free rate I'm pretty happy to transact.
Sometimes people don't panic sell, they just "sell" via a clear strategy. They sell at resistance and (at least try to) buy at support. I'm not a trader by any stretch but I've been employing my simple strategy for years, not with any considerable amount but I've stacked a much higher amount and your average DCA pleb.
I'd argue that many people "panic buy" only to be shaken out when they experience a 30% haircut on the way down.
There are simply buyers and sellers.
All my bids are now filled. See you at resistance.
No. Transaction weight is variable depending on the number of inputs spent and number of outputs created by a transaction.
This block was pre SegWit...
https://mempool.space/block/00000000000000001080e6de32add416cd6cda29f35ec9bce694fea4b964c7be
You've just put a photo of your kid's face on the internet via a censorship resistant protocol. As a father I think that was a really bad idea.
Cuz for the big Bitcoin accounts their livelihood is based on engagement farming. They feed on other bitcoiners and it's not enough to just stack and use bitcoin. Podcasts, conferences, hardware, books etc. You name it, they're shilling it on Twatter/X
Maxis need to up their game and start hanging bitcoiners for treason if they're found to be engaging on X.
Me too but yearly trend line is rekt. Now I'm waiting to see where the support is before I back up the truck. Could still have a long way to fall from here (27.7k)
Just for clarification, Burry hasn't bet $1.6B, that's notional value. You can choose a strike price at the extreme spectrum and create an options position of 10K using 5 cents. Keep that in mind.
If they do then I'll salute them.
My bids are in though regardless.
Playing both sides is always the logical play during these times.
Trend line broken so unless this is bear trap there is nothing but hot air holding us up. If we drop far, I'll be waiting to back up the truck.
Bitcoin is for enemies.
Fortunately Farage is only a #bitcoin tourist and didn't have his wealth stored in it so fuck him. Say stupid shit, gets your fiat account frozen, don't complain about it.
I know and the main reason I decided not to go last year.
Farage is a absolute idiot and was instrumental in convincing millions of low IQ British citizens to vote for Brexit. Now those same idiots are crying because they need visas to travel there in 2024.
Farage will tell you it's all about Left Vs Right but I've got more in common with an North African immigrant than I have with that "free speaking" wanker.
All Pete is doing is giving a platform for an anti-immigration voice who's about as much as a "Bitcoiner" as my gran. This is another "engagement at all costs" podcast.
As I understand it they are shoving arbitrary data in the witness which is perfectly normal and made possible by the combination of SegWit and Taproot.
The extra weight in data is paid for by the creator via transaction fees. If they choose to inscribe the data and pay the tx fee then that is in itself the definition of a "monetary transaction"... I can't make it more clear than that for you. They are spending sats to send data on The Blockchain. You just don't like the data they are sending.
You can just opt out and not view the bitcoin through the Ordinals lens if you don't like them. Like managing your relays on nostr to filter out shitty content of which there is lots of.
High fee environments are great for all bitcoiners IF you get your shit together and manage your UTXOs accordingly and use lightning. If you can't cope with tx fees during the next Inscriptions craze then you're not going to survive global adoption.
Proof of work, me trying to do 5 perfectly good push-ups.
Long way to go 👀 https://nostr.build/av/7740c206c1fc1ebaedbfe7e0647659532b7cb873c4bdedc1798f14dd5c1fd077.mov
Better pushups than 90% of the people I know who are the "I can do 10 push ups easy" crew.
Oh shit Pete what the fuck have you just done? Don't let Farage anywhere near #bitcoin. That smile alone...
Adam Back, Luke Groman and Checkmatey and the only three reasons I have for keeping Twatter
While mined #bitcoin aren't visual like a "Picasso, they are unique like a snowflake under microscope. the leading 0s aesthetically pleasing, the statistical improbability, thermodynamic cost of finding them - it's like computational art, a digital unqiue rare diamond to marvel at". - Adam Back
Adam Back nailed it once again. Poetry.