It’s up to 112 people at 116ph/s

Charlie Munger has died at the age of 99.

https://www.cnbc.com/2023/11/28/charlie-munger-investing-sage-and-warren-buffetts-confidant-dies.html

This could play out many ways.

But, one way is to centralize the custody of #bitcoin through a handful of institutions like Blackrock, JPM, or others to take custody only through ETFs(paper bitcoin) or through #401k or #ira

I could see a future where they attempt to ban self-custody of #bitcoin. Governments will only allow #kyc #bitcoin to be used with merchants. nostr:note14uqghdvtu2nlwg0jy6xasyzv03zyztvx4v6qmuyaw9393zt6ms9shgmzdp

They don’t have to kill #bitcoin. They only have to kill the on and off ramps. #thirdpartyrisk #gold #silver #platinum nostr:note1mwd4v7peu5266vldumujdr0s8wdt07ecxr7wllfzzjygka5pr33ql7nuyn

Yeah, I have heard a lot about the in-kind and cash? What exactly is the difference? What is the mechanical difference?

On September 14th, the reverse repo was 1.5 trillion.

On November 14th, the reverse repo dropped below a 1 trillion.

For a 60 day period, they pulled 9 billion/day from the reverse repo every day.

Even if they slow the pace down to 5.5 billion/day. By June 1st, the repo will be at zero and the hard landing will be officially here.

Fiat currency is dying. Own metal. #gold #silver #platinum nostr:note1ytklya57xd0nltjxp3v9ghlv9vuy78uuhn3dlw5cqvw4s6xdh7lqquucd7

I disagree with the scaling issues. Back several months ago when the plebs uploaded all those NFT images to the chain which caused bitcoin fees to soar. At that same time you saw the creation of litecoin wallets spike and you litecoin transactions volume ballon and litecoin network didn’t seem to flinch. Even with network(nodes) being no where near in size as the bitcoin network.

Because I understand the technology.

It’s like being a car mechanic. I don’t own a Ferrari, but I can respect the technology, engineering, and build quality.

I don’t own #litecoin

I respect the tech of #litecoin just like I respect the tech of #bitcoin

That’s 100% correct.

What if that person is scamming them with #bitcoin. What do you call that person?

The idea that anyone supporting other POW coins is a scammer. But, somehow #bitcoin community is immune to scammers. Should do their homework.

Last year, an African country currency was collapsing and people were trying to get out of their local currency and Bitcoin local was charging 60% fee. So, who is scamming who?

Ha! Only if you support #bitcoin or crypto.

Haha! I don’t own either. The needs to humble themselves and recognize their are coins that are fundamentally similar coins. They are the same asset class.

Haha.

It’s a POW coin just like #bitcoin

It’s finite(84 million vs 21 million)coin just like #litecoin

But, you have other coins that are finite 21 million just like #bitcoin

If they would have been using #litecoin that would have never happen. Study #litecoin

It’s amazing how quickly they hired someone to fill a crucial role for one of the most important companies in the past 20 years. It seems pre-planned to me.

The AI war begins… nostr:note1c39v98gdwf60luy9w7z4kmq6rzslvp5499ue6dve0aje9g0zzugs3uwrcn

Immutable encrypted data isn’t a new thing. Some old dude ranting about a technology that he himself doesn’t know how it mechanically works isn’t orange pilling anyone. SMH. I don’t know why people allow him on stage.

I think the on and off ramps in #bitcoin ecosystem are far lower hanging fruit than hash rate vulnerabilities.