Bitcrash

BTC $67K. How’s Saylor doing?

My X feed is currently full of old school Bitcoiners like this, hating on Adam Back, Blockstream, and Bitcoin Core for their ties to Epstein, and some are now asking how deep the rabbit hole goes. @gavinandresen, to whom Satoshi originally gave the keys to the code repository, had his GitHub access keys revoked after he endorsed Craig Wright (@CsTominaga) as Satoshi around the time Epstein became involved. Gavin has never recanted that claim, as far as I know. The release of the Epstein files over the past weekend has vindicated so many conspiracy theorists. So why stop there? We trusted Adam Back when he said Craig Wright wasn't Satoshi. I definitely trust Gavin Andresen more than Adam Back at this stage. I really don't know what or who to believe anymore, so I'm buying some Bitcoin SV at $15, just in case this shit gets any weirder, if that's at all possible... Interestingly, Binance seems to only list a perp for BSV, not BSV itself, which enables naked shorting of BSV and could trigger a massive short squeeze if people start buying BSV and taking it off exchanges. Seems like a good risk/reward play.

What’s the difference between these two crypto bro influencers.

I’m not sorry.

I’ll try to estimate BSV mining cost according to coindance. $15.70 (BSV price) x 1.26 (Average Mining Costs / BTC Price Ratio) = $19.78. $19.78 x 1.095 = $21.66 BSV mining cost.

@GrantProctor4 Because I haven’t posted in a couple of days & when I post, they red flag me. This is how X welcomes you back.

@Bitcrash4 I like that. 'inauthentic behaviours' X is becoming a bit of a cringe zone. 😬

I don’t care

BTC miners doing it tough. $28k loss on 1 BTC. Might as well mine 1 bitcoin for $15. BTC miners will come 🤪 100x fee hike, miners will come 🤪

Michael Saylor’s average Bitcoin purchase price is $76,037. BTC is currently at $77,000. That means on his roughly $4.5 billion investment in Bitcoin since 2020, he’s up just about 1%. That is one of the most abysmal returns I’ve ever seen, and it’s going to get much worse. His strategy failed, and anyone who ignored his hype is sitting very comfortably right now.

Saylor average buy price $76k. All that money he pumped into OG whales pockets, price is the same as his ave buy price.

If you’re not building on Bitcoin then shut the fck up. Make way for the ego elite.

@Streaming_Sats @SomeGeezer4 @coinyeezy Sigh. In time, that "spam" becomes applications.

@CaptainSLV @Rajatsoni

You build most of your wealth during Bitcoin's bear markets - you just don't realize it at the time Bull markets feel good, bear markets make you RICH

@WooBSV Because you are Babbage

@WooBSV Are you being sarcastic like Babbage

@Rajatsoni 77%⬇️

Gold and silver aren't up The dollar is going to zero

@TheBTCTherapist BTC is only 77% down over the last year against the US Silver Dollar. Stick with the fiat charts, it will make you feel better.

BTC has been in a constant downtrend vs silver for the last 3 months straight. 👀 When does it end?

@ProjectBabbage @AceofGears 522k txns, total fee collected $4 in 24 hrs. You need to get the miners to jack up the fees for more miners to come. Jack up fees higher & higher. BTC miners will come 🤪

@AceofGears idk about that i don't think it's up to BSVA or should be ... but we need open competition between miners and we need more miners

A love letter for the BSV transaction processors... Miners, Today, I am calling upon all who have created ambiguity or unpredictability within the BSV fee charged for transaction processing to commit that they will provide clear and predictable rates, with ample notice given for any changes. High fees are an enemy of a global public utility, and when there are so few miners on the network, it is our opinion that the added risk of centralization creates a tendency towards potentially problematic cartel behaviors. I'm not alleging that anyone has engaged in this type of illegal "price fixing", but I am simply reiterating my discontentment that miners have chosen to increase the fee rate by 100x for most transactions. In my opinion this comes at the worst possible time for adoption, and the added revenue from this will be marginal at best. We need more volume on this network, not unpredictably high fees. If we want to be the global public utility blockchain, with enterprise and government use, we can't reasonably expect those entities to invest without assurances. Having two or more orders of magnitude of uncertainty in the amounts needed for transaction processing creates real risk and hesitation from every serious potential client. Some may ask who I'm addressing here: it is not the BSV Association. It is any miner processing transactions on our network. This is not a demand, and merely a statement of opinion. But please recognize the long-term utility associated with predictable, stable fee rate commitments. Please recognize the long-term reliability and reputation that would accrue to you, and to our ecosystem, were you to commit publicly toward (at the very least) a maximum processing rate per KB measured in USD. We are a maturing ecosystem. What was once acceptable at small scale is unbecoming of our future aspirations. Babbage doesn't (yet) create blocks and we didn't pay for your ASICs... but we did create some of the infrastructure people use to build your fee paying transactions. We just wanted to make our perspective known about this, so that we can continue to achieve the credibility and consistency deserving of a foundational, global ledger. Love always, Babbage Team ♥️

Teragun