#Bitcoin isn’t just about the price, it’s about the evolution of a technology that, against all odds, continues to redefine the very fabric of our financial system.
It came from nothing, and comically, it’s more likely it will become everything than return to nothing.
The question isn’t if, it’s: when will they notice?
The bittersweet feeling of success!!!
If whales set the rhythm, then we are dancing to the tune of heavy #Bitcoin accumulation, but how far down the queue is supply shock?
For me it’s irrelevant, I want more of this majestic digital treasure. I’ll still accumulate after price skyrockets because it will just be a testament to how much harder #BTC’s monetary policy is than any other monetary policy.
We are blessed to witness the birth of a new star, so I hope you’re ready to get your face melted.
#Bitcoin seems geared up to make another run.
If you are on the sidelines; you might want to consider crowding the field before it’s too late.
The people on the field have been going HAM, and they are showing no sign of fatigue.
The skeptics will laugh and frolic until the #BTC pheonix rockets out of the ashes and leaves them with a mouth full of dust.
#Bitcoin transaction fees have been falling faster than anticipated, miners are being forced to adapt at an accelerated pace to maintain profitability in the long run.
Transaction volume falling is nothing to fear. I prefer to think of it as a testament to Bitcoiner’s diamond hands.
Who knows, maybe the elevated transaction volumes was all spam in the first place and we have returned to what can be considered the norm.
No matter the case, I’m curious to see if the miners will weather the storm.
I haven’t seen any direct evidence, but I have heard conspiracies about possibly government owned ufos that don’t seem to have any exhaust holes, which could point to a different energy source than we are familiar with. Would be huge if true.
I do agree that said new energy source could seriously boost human productivity, but I don’t think it would be a silver bullet for debt. I believe our debt stems from human nature’s darker side of fear and corruption.
Technology has already increased human productivity exponentially, sadly debt seems to have a positive correlation with productivity.
Things still get more expensive as we get more productive because it’s almost used as an excuse to steal more from the people.
I’m not sure the exact status of either, I do believe Braiins Pool uses stratum V2 already.
Your thinking seems sound to me.
I think it is a valid concern, but I’m bullish on things like BetterHash and Stratum v2 helping fix mining pool centralization.
I also think there’s more incentive to protect the network than attack it even if you’re AntPool.
Whales are some of the smartest money, but don’t follow the whales too closely. #Bitcoin’s dynamics are shifting, and I think it will be in the little guy’s favor.
The more big players we get the less an individual big player’s take will matter versus overall sentiment.
#Bitcoin was always meant to be in the hands of the many, there will be no special group that makes all of the decisions.
The only constant is 21,000,000. We will see #Bitcoin change in a mainstream metamorphosis of sorts. Adapting will be crucial.
FTX repaying its customers so soon gives me a weird feeling and leaves me scratching my head.
At the time it seemed like the start of something way worse that would have rekt all exchanges and cleansed #Bitcoin of LARPs and scammers by disrupting NGU like never before, however it was the bottom, the point everyone capitulated voluntarily or worse.
I’m glad non governmental creditors are getting reimbursed what they have lost, but I’m pretty sure it’s only the dollar value at bankruptcy +18% if it was less than $50k at the time.
They are in a pickle because they underestimated third party risk. I custody my own corn because I don’t like having anyone to blame but myself, keeps me honest.
When you follow a global asset there’s never a dull moment!
Great question! Personally I don’t know the answer, but it does make me think of another question:
Is the S19 the new S9 or is the S9 still the S9?
The #Bitcoin miners are beginning to capitulate; the effects of new supply getting cut in half are starting to be realized.
Less efficient #BTC miners are exiting stage left. I believe energy-efficient and waste heat miners will be a more and more dominant portion of hashrate.
My fears of a centralized authority controlling too much hashrate is soothed by the knowledge that mining #Bitcoin will only get less profitable in terms of #BTC and that miners who are not primarily focused on #Bitcoin mining profitability, rather mitigating wasted energy or generating heat, will be more so equipped to go the distance than miners who are primarily focused on playing fiat games.
#Bitcoin is currently the freest market, its adapt or die, always has been always will be.
Calling #Bitcoin “digital gold” is like calling a car “mechanical horse”.
While arguably true it does undermine the greatness of the invention.
A horse can’t compete with a car or tractor much like gold won’t be able to compete with #BTC in the long run, nothing will.
#Bitcoin has been one of the most resilient assets since creation, I believe it’s steadfast nature will become more so appealing as clown world progresses.
#Bitcoin never was a speculative asset, it’s only been a beacon of hope.
#Bitcoin is short term vs. long term; lettuce hands vs. diamond hands; panic vs. confidence.
We are all flocking towards a brighter horizon; free birds, but some realize this on a deeper level than others. This isn’t a rat race, it’s a flock frenzy. This journey will be ripe with intense competition and natural selection; the freest and most fierce market, but one that produces perfection.
I believe max pain will be crab action in a wide range such as $60k-68k, but I’ll be a buyer of first and last resort because the #BTC exchange rate means nothing to me; it’s all in the policy BAYBY!
Crackdowns in regulations surrounding #Bitcoin might worry some, but what started as a sly roundabout way to circumvent the traditional system will continue to be a sly roundabout way to circumvent the traditional system.
Roundabouts will be found just as fast if not faster than regulations can be enforced as long as threats make themselves known, and they have an arguably ignorant way of doing so. As long as the freethinking individual can look ahead, I will have hope in #BTC.
The stricter regulations get the harder the push for game theory to play out for the global population in each individual nation state. I believe bans have just as much an effect as adoption when it comes to catalyzing game theory.
I get the itching feeling that this is the metamorphosis period for #Bitcoin
Just saw Boeing workers out protesting for worker solidarity and gave the organizer a “Study #Bitcoin “ sticker by nostr:npub18kpw3akvdsyk239lx0jgwksr74sq4nlha3r8u9g2rnrhztfpfhysy469c4
Made sure he knew Bitcoin empowers those who work by allowing them a sovereign SoV as well as a bank account that doesn’t require trust or permission. He seemed mildly interested, hope he scans the QR code.
Based AF 😎
Keep up the good work in advocating for worker solidarity and financial empowerment through #Bitcoin!