@Crux_of_Crypto @AshCrypto As soon as a Satoshi coin moves I feel it will be catastrophic though. Unless it's proven other updated wallet coins can't be hacked. The trust will be gone and the network might fail
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Eric Wallin
5.9K posts
@EricWallin12 @AshCrypto Taking the keys from the creator? Sounds unethical. Let Satoshi decide.
My proposal: When the technology exists to crack his wallet, he can go burn his Bitcoin if he wants to. Leave it up to him.
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BREAKING:
Bitcoin developers have proposed BIP-361 to freeze early Bitcoin addresses that have quantum vulnerabilities.
This includes Satoshi wallets and other OG dormant wallets from the 2010-11 era.
It's a big step, as these wallets hold over 4M BTC and are at high risk from future quantum computing attacks.
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I’ve been saying we are still in a bull run, just a correction phase @martypartymusic
Raoul Pal@RaoulGMI
The Everything Code suggests that over time the NDX has a 97% correlation with GMI Total Global Liquidity. Total Liquidity is at all time highs. NDX is following. We have been long tech stocks in GMI (and RV Pro) since Dec 2022 when liquidity bottomed. Crypto has digested the lagged effect of the US shutdown and liquidity crunch and should follow suit and head back to new highs as the business cycle improves and the Iran war fades. This has been a nasty mid cycle correction in my view and as marginal liquidity was withdrawn it got hit hard but as it comes back, it should accelerate. Let's see but nothing in my framework has changed. That led me to keep adding into weakness. Once we hit over 1 standard deviation overbought on the log trend, that'll be the time to take lifestyle chips off. I didn't before because it didn't get to that zone so I added on weakness instead. Good luck. Let's see...
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@Rajatsoni Your a CFA who doesn't understand how inflation works? That's concerning
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Apparently, inflation is only 3.3%, but prices have doubled
How does that work?
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What's your proposal? I agree it's not ideal. But China getting the Satoshi wallet is not ideal either. I say we just freeze Satoshi wallet that's it, or even better have it slowly pay for security or even a slow rollout lottery to get the coin supply moving over the next 100 years.
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@CryptoJebb Probably limited to the alts with ETFs but I agree
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I am very excited for the next alt season.
I think it will be less disappointing than this one.
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@BitcoinBruno25 @katyXBT Honestly with blockchain you could probably spend in tolkenized gold, Bitcoin, or anything eventually.
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@EricWallin12 @katyXBT I've never seen anyone buying gas or groceries with gold so my money is on Bitcoin.
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Honestly I see Bitcoin becoming remarkably stable eventually. Beyond the fading 4 year cycle effects Bitcoins monetary policy is set in stone for 100 years. It has no earnings, no governing body, no country of origin. It shouldnt be risky or have a reason to sell off. Mostly it's just a low market cap commodity sis volatile
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@EricWallin12 @Collingbourne @katyXBT Compared to Bitcoin, gold offers better value for money and greater potential for growth; Bitcoin's price fluctuations, on the other hand, are ultimately dictated by capitalists
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@Collingbourne @katyXBT There's no way you can know that, I hope what you say is true. I love Bitcoin, it's my largest holding. But I sure as hell have it hedged with physical gold.
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@EricWallin12 @katyXBT Quantum is not a threat. Ai models and quantum accelerates just as fast as security measures are implemented. If you understand the parameters and risks you’ll know we are safe from those threats.
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So if I can borrow money at 4%, you’re basically telling me I should borrow as much as I can and put it in at $STRC and capture the Delta
sounds so Luna-ish…. Where does this go wrong?
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@ShardiB2 It can just slower because they have billions in reserve cash plus actual Bitcoin. It wouldn't be an instant fail
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@cryptoblood_ It's not yet but it should be and might be eventually. It only behaves that way because of large scale algorithmic trading, It's not like there is a bunch of people selling say when the bombs drop. Retail moves after and is reactionary and delayed
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It's crazy people pay these dumbasses millions of dollars to come up with shit like this.
BITCOIN IS NOT A HEDGE AGAINST GEOPOLITICAL CHAOS, WHEN ALL RISK ASSETS HAVE BEEN GOING UP!
If Bitcoin were a hedge, you wouldn't see stonks going up too. It is clearly something else pushing everything up i.e. The Working Group on Financial Markets
Cointelegraph@Cointelegraph
🚨 LATEST: Bitcoin is increasingly acting as a hedge against geopolitical chaos, per Bitwise’s Matt Hougan. “If Bitcoin starts to take on a dual role as both a store of value (like gold) and an actual currency (like the dollar), we may need to revise our targets higher.”
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@BTCBreadMan Do you understand the concept of monthly dividends? I hope your just being satirical
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@TylerSCrypto It's basically works like a bond that buys Bitcoin. They pay you 10% a year so it takes 10 years to pay you back 100% the hope is Bitcoin will be much higher by then
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can someone explain to me like i’m 5 years old how bullish STRC is for Bitcoin
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@Cointelegraph I tried for weeks to get the csv files uploaded to coinledger. I tried to get ai to fix csv files. It just failed I couldn't do it
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🚨 LATEST: A new study finds only 6.5% of crypto owners reported sales to the IRS, suggesting widespread tax underreporting among crypto investors, per Bloomberg.
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@Xandoodoo @WatcherGuru It's really hard. I tried for weeks to import things into coinledger. Just failed at it
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@WatcherGuru No shit. The process is completely archaic and retarded. Make it more streamlined and more people will do it. Nobody is keeping track of tens/hundreds of thousands of transactions and cost bases on 30 different chains.
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JUST IN: 🇺🇸 "Crypto Bros" appear to be dodging reporting sales to IRS, Bloomberg reports.
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I have consistently called Bitcoin as a bear market since the day it broke $94k.
Ask Grok.
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@CryptoJebb It's not hard man. It's the most predictable cycle in history. You failed to call the top. I did not fail however.
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@CryptoJebb You were calling for a super cycle till it happened though.
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