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submitted by /u/displaybeats [link] [comments] |
Saturday, 9 April 2022
Friday, 8 April 2022
I am surprised the "greed" factor isn't playing a bigger role in adoption of BCH - if you HODL BTC coins you can trade 2% for double your entire BTC stash in BCH and start advocating for BCH.
Given your BTC stash goes up and down 2% in an hourly basis - this is a pretty good strategy IMHO.
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source https://www.reddit.com/r/btc/comments/tyk2s8/i_am_surprised_the_greed_factor_isnt_playing_a/
Thursday, 7 April 2022
A lot of suspicious online scepticism is making me bullish...
I've seen this time and time again. There's a minor pullback that has a lot of YouTubers, TV pundits, and so-called experts call for bearish action. They then delete their videos and tweets upon an upside correction and act like it never happened. You know how people went nuts last year saying 100k was imminent? Well, those same people are calling on an imminent downfall. In other words, these swing-trading clout-chasers only care about clicks. Hodl like you always have. Dollar-cost average. Stack sats. Nuff said.
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Wednesday, 6 April 2022
Michael J. Saylor Is Stacking More BTC, As Bitcoin Tries To Turn $45K Into Support. What’s Next? Will the Bitcoin 2022 conference give us the impetus to reach $50K by the weekend?
Tuesday, 5 April 2022
Mentor Monday, April 04, 2022: Ask all your bitcoin questions!
Ask (and answer!) away! Here are the general rules:
- If you'd like to learn something, ask.
- If you'd like to share knowledge, answer.
- Any question about Bitcoin is fair game.
And don't forget to check out /r/BitcoinBeginners
You can sort by new to see the latest questions that may not be answered yet.
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Where do you see the SmartBCH ecosystem a year from now?
There's very little doubt that higher TVL and availability of DeFi primitives (lending, for example, games on the blockchain, or options/derivatives trading on-chain) makes a chain more prolific.
Where do you see smartBCH going, how will we increase adoption rates?
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source https://www.reddit.com/r/btc/comments/twd3rn/where_do_you_see_the_smartbch_ecosystem_a_year/
Ethereum is HILARIOUSLY fucked up beyond repair. I have $210.00 of ETH in my account and the exchange/wallet says I "Don't have enough...". What a stupid broken system that costs OVER $200 for one single exchange. Vitalik failed miserably, mark my words, ETH is done for.
Good news everyone, the KoingFu.com decentralized exchange is now ready!
After months of non stop work we have multiple good news to share with the community! First, our Uniswap based decentralized exchange is now ready at http://www.koingfu.com , while for our testnet we deployed the Sushiswap contracts and frontend, for our mainnet we decided it was extremely important to deploy Uniswap instead. Let me share some details of why we did this.
First, let me just say what an amazing job the other teams working on decentralized exchanges are doing. Ben, Mist, Tango, upcoming Verse and others, are working on secure platforms and we are very happy to see them grow with users and volume. We needed to wait a bit before launching our swap, as launching before farm incentivized swaps created a risk of them inadvertently doing a vampire attack on us. You can read more about vampire attacks here: https://finematics.com/vampire-attack-sushiswap-explained/. Now that the farms are in place, and users had time to farm multiple tokens to a certain level of inflation the risk is low. We are trying to position our swap so that it does not compete with farms, but instead complements them. Is also important to notice in order for farms to work, farm swaps need flexibility on their token issuance, while in our case the issuance is fixed, so an incentive for users to move part of the liquidity to us. While we where very quick to deploy the Swap on testnet, doing so for our mainnet took a lot more care. We put in place security infrastructure and practices to deploy the contracts securely, and creating a path to move from V2 version of the contracts, to V3 version as soon as the Uniswap license allows us. The technical and legal roads selected by Uniswap and Sushiswap/Pancakeswap are very different, and we believe future development of these projects will deviate them further apart.
There were technical and legal reasons for us to avoid a farm based swap like Sushiswap or Pancake swap. As part of our plan, we have deployed our contracts not only on SmartBCH but on multiple networks, so that we can then bridge all the networks together and incentivize value to flow into SmartBCH. The extra complexity of farms contracts did not fit well with this idea. As for the legal reasons, we are following the same path that Uniswap took, farms increase legal responsibilities and stop us from being covered by prior Uniswap legal framework. Sadly a certain level of compliance means that for now we are unable to provide service to the USA and other restricted countries, just as the upcoming Verse platform is also limited to. Thankfully there are multiple other swaps on the ecosystem that do not have this restrictions and can serve all countries.
We would like to thank all the community that supported us, if you contributed to our Flipstarter we will be gifting you our new token "$Ki" to show our appreciation for your support. We will be doing an additional post with details of our token Ki and how we are distributing it. Trading of our token "Ki" will start when this post is 24 hours, so that everyone can get a fair start. Ki is central to our community, contracts and DAO plans.
We have done a lot of work on our bridge, after testing several bridge implementations including RSKBridge and Wormhole bridge we decided the right thing to do was to build our own. We will follow up this post with full details on our new bridge design. We are also preparing a white paper with a more technical explanation of everything we are building, and will share it as we move forward
The extra time allowed us to work on a few new things, our contract verifier is turning into a multi network block explorer. As we made progress with our multi-network bridge it became clear that we needed several tools that are not part of our ecosystem so we build them. The multi-network explorer is extremely important as it allow to access the information needed for users to validate bridge transactions. Following the same ideal of the SmartBCH EVM design, we have also done a lot of optimization work, you will notice that our contracts burn a lot less gas than the other swaps, not only on SmartBCH but on the other EVMs we have deployed to.
Again a BIG thank you to everyone on the community for your support! We are only getting started, have a lot to share and cant wait to show you all the cools things we have been working on!
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source https://www.reddit.com/r/btc/comments/tw8yh8/good_news_everyone_the_koingfucom_decentralized/
Monday, 4 April 2022
Hyperinflation is confirmed in Germany: German food retailers to raise prices by 20-50% on Monday
The price of grains has gone up. The feed animals gains so the price of meat, eggs, and dairy will go up next. Regardless of what leads to it 50% increase within a month is considered hyperinflation. Next will see people buying extra food to stockpile causing more shortages and continued increase prices. hyperinflation is here, only bitcoin can save us now.
EU knew this was coming that is why they were trying to pass that law to ban self custody wallet withdrawals from exchange. To prevent capital flight from the fiat Euro. The euro will see hyperinflation.
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Mt.gox, the gateway exchange that brought many people into Bitcoin in the first place is back in key news
A cold wallet belonging to the infamous Bitcoin (BTC) exchange Mt. Gox transferred 6,800 BTC to an unknown wallet just days after the former CEO Mark Karpeles revealed plans to redistribute BTC worth $6 billion to its creditors.
Mt. Gox was a Tokyo-based Bitcoin exchange that shut down in Feb. 2014 after a hack that compromised 850,000 BTC. In a recent interview, Karpeles disclosed that the exchange had roughly 200,000 BTC in possession during the company’s closure, out of which the trustee sold roughly 50,000 BTC for $600 million in the past.
According to Karpeles, the remaining 150,000 BTC currently held by Mt. Gox has grown in value over the years — and is worth over $6 billion. After this revelation, the former CEO confirmed plans to redistribute the money and settle scores with the creditors.
Even old users want some of the kids’ game. They know the zoomer generation has it going for them, they know there’s a lot to make. Especially when there are new platforms for DeFi like Aloha DeFi, or new P2E games, or new NFT places, all of which make the users a lot of profit, really fast.
Five days after Karpeles’ interview, Crypto Twitter’s @whale-alert highlighted that 6,800 BTC, worth nearly $319 million, were transferred to an unknown wallet from a cold wallet belonging to the now-defunct Mt. Gox exchange.
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Si el Hashrate de #BCH llegara a ser superior al de #BTC sería una victoria de la gente. El precio de BTC está inflado con dólares sin respaldo. O sea, es un intento del gobierno mundial de crear una sensación de que BTC es el verdadero #Bitcoin.
Sunday, 3 April 2022
Goal of owning 1 coin is stupid
I've seen many posts here about whole coiners and people asking what they should do if they've already got 1 whole Bitcoin. I think this whole idea is completely stupid - 1 Bitcoin is a completely arbitrary number and is as good as 10 Bitcoin or 0.1 Bitcoin.
Here's my advice - just move as much of your savings (if you're earning fiat) into bitcoin as you can without its short-term volatility stressing you out. Don't care about the number as such, it's completely arbitrary. Achieving 1 Bitcoin or 10 Bitcoin might give you a little sense of accomplishment for a day or two, but that's about it. Don't fret about it. Just be happy you have some, many people have none. If you have some, you're already ahead of most.
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Aprende a usar el #Bitcoin original (#BCH) mientras bebes Cerveza 🍻 #CDMX Bitcoin Cash Meetup 🗓Abril 7 🗓Abril 14 ⭐️ 📍Restaurante Salvaje 🕢 5.30 pm 🍕Premios por activar tu cartera en #BitcoinCash
I'M ALL IN: Bitcoin & The Exponential Age.
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Thesis: Bitcoin will forever be the currency of the internet. This write up will contain information about where we are in the world, the role Bitcoin will play in it, and most fun - Price Predictions! I've spent over 1000 hours trying to wrap my head around this revolution. Let's begin. The Internet has changed the world forever in such a small period of time. People forget the internet became a global sensation only in the 1990s, and look how far it's come. The entire WORLD now runs on the internet, and WILL continue to run on the internet. We are currently living in The Exponential Age at this point in history. Technology is evolving the world at a rate faster than ever before in HISTORY. Simply put, the world is moving at light speed. Shown in the graph below, the internet is the fastest developing idea/product in the entire world. As a comparison, the distance of time between the creation of the Light Bulb and invention of the Internet is approximately 143 years apart. The difference between the creation and Internet and Automated Self Driving Cars (FSD) is only is only approximately 30 years apart. Please let that sink in how complex it is to create AI vehicles that humans can trust to bring them to their needed destinations. Only 50 years before that we never could have even dream how to build such an idea. That one idea is only one of millions of innovations that's happened in the past couple decades. The internet has exponentially been solving problems since inception. Examples such as Social Media, Smart Phones, Artificial Intelligence have given the world a new way to connect, and forever interact with the digital world at large. We are at a stage in technology where the internet has a literal voice. The internet is becoming an everyday citizen of the world. Check out "Sophia" the robot! Now that we've explained The Exponential Age, where does Bitcoin fit in? Bitcoin was created by an unknown person who went by the name "Satoshi Nakamoto" on January 3rd, 2009. Satoshi's vision was to create the first EVER proper form of Digital Money. This Digital Money needed to have a fixed supply, be secure, and permissionless. With Bitcoin, there is not a single person in the world that has the power to turn the system off, alter or block a transaction, or alter the max supply of this new currency. System never turns off: Digital Money that runs 24/7 for the rest of Human and AI's total existence. Be Secure: It is impossible to exploit the network, change the network, or devalue the network. Fixed Supply: It is mathematically impossible to devalue the money against itself. There is no inflation. On Dec. 13, 2010, Satoshi officially resigned from working on Bitcoin and handed the project off to the world to complete. Bitcoin's core values had already been set, and it was up to the world to keep it safe, secure, and forever running. Fast forward to today, Bitcoin is running flawlessly, and is absolutely thriving in adoption. Nobody knows who Satoshi is today, or if he's even alive. Currently, Bitcoin usage is growing at an exponential rate, as information about it and it’s ease of access is taking the world by storm. Check out this chart displaying how the Bitcoin adoption is growing at the same speed as the adoption of the Internet. We've already hit a $50,000 BTC in 2021! Internet Adoption VS 2020 BTC Price We can also see the Bitcoin number of Active Addresses (Users/Wallets) increasing exponentially as the price rises (bringing more attention to the asset) Adoption is moving fast. But why does the world even need Bitcoin anyways? The world technically revolves around Money. Money and economic incentives drive the world to be forever evolving space, as well as allow us to earn resources needed to live. Currently, the entire world is being plagued by money that is being devalued, assets that are being inflated, and people who are losing faith in the current system. People are getting desperate, they’re looking for an alternative, it’s getting bad. Bitcoin is the solution to these peoples problem, and very fast are many starting to notice. If you're reading this in 2022, check how EARLY we are, and how exponential we are about to grow. Congratulations to all BTC holders out there. Billionaires are buying it, country’s are adopting it as an official currency, the US government is accepting it for tax payments, and the world is trying to go greener to acquire it. The list goes on. This is all happening within a short decade. The demand for Bitcoin will only continue to accelerate from here. The toothpaste cannot be put back in the tube. Bitcoin is taking the world by surprise and there is no stopping it. The world’s finally taking advantage of this fair, secure, and incorruptible money. The world is learning to store its wealth on the Bitcoin network. It is a black hole sucking up the world's corrupt, controlling, and unlimited supply of Government money. People are taking back control of what hard earned money is all about. Bitcoin is digital gold, it is financial freedom, and it is the future of economic energy. Theoretically, because Government money has an unlimited supply, the price of Dollars per Bitcoin can go to infinity when compared to it as Bitcoin has a max supply. So why do we want to get in early? The reality is, governments cannot stop printing money. It is impossible to stop printing money, and with Bitcoin having a forever fixed supply of 21 million coins, it mathematically will 100% continue to rise in value against a currency that has a maximum supply of infinity, assuming there is demand for Bitcoin. (The strongest currency) Read what I said above again. The price of Bitcoin is literally going to infinity against the dollar. Bitcoin is number go up technology against ALL currencies of the world. Year after year, dollars are purchasing less, and Bitcoins are purchasing more. Bitcoin is exponentially increasing in purchasing power. Bitcoin mathematically is the strongest currency in the world. It is a perfect place to store long term wealth, and exchange economic value with another entity. The question that lead many of us down the Bitcoin rabbit hole is, how high can Bitcoin price go? In Short, the price per Bitcoin valued against the Dollar should be anywhere between $500,000 and $4,600,000. That's right, Bitcoin is EASILY going to 1 MILLION DOLLARS a coin by 2030. We are so early. The world has a lot of money in it. The world's money is beginning to fly into Bitcoin as we speak. The chart above will show us that Public Companies are beginning to HORDE Bitcoin, as they see it as an essential asset to hold on the balance sheet of their business. Many of these companies are taking Bitcoins off the market, and they will NEVER return or be resold for dollars. Bitcoin is the easiest asset to maintain, and the greatest asset to hold over a long period of time. Everyone is making a lot of money off this. Everyone needs a piece of it. The kicker is, we are going into a transformational time in history. Inflation rates are at record highs, reaching 10% a year in most of the world. (This is conservative) The Global BOND market is worth approximately $100T. All this money placed in bonds is literally LOSING investors money. If inflation is at 10%, and you are earning 2% on your bonds, you are "safely" losing 8% a year on your investment. The math is that simple, and it is that sad. We can now say at least 30T of these bonds are smart enough to notice within the next couple years that the money placed inside them need a new home, the whole Crypto industry and Bitcoin itself is that black hole that is going to suck up a large portion of it. (Crypto Industry is currently only worth $2.5T at the time of writing this) With all this money coming, and adoption growing exponentially, what prices per Bitcoin could we expect? Maybe this is something for you to study yourself, but I'll give you an idea of models and ideas to study to get you on the right track. These Price Projections, Models, and MATH have been provided by James from InvestAnswers. Check him out on YouTube! https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg Price Projections by 2030
I like to give conservatives price predictions for BTC. Realistically, any of these could be correct. The math just works, it's not hopium, it's not inaccurate, this is REALISTIC. I expect a $1M Bitcoin by 2030, and I have put my money where my mouth is. The question is, should you invest? Yes. NFA! Take a leap of faith, this is all very possible, and will likely happen. Keep in mind, Purchasing Power of $1M in 2030 will not be $1M. This is true because of how inflationary the dollar is. See below what happens when BTC = $1M a coin with varies inflation rates. This is why we need sound money that does not devalue against itself. (Bitcoin if you haven't understood that yet) Get ready to see Bitcoin being accepted as payments at all your local stores, and sent between all your friends. It's only up from here. Bitcoin and Crypto as an industry is a 50X opportunity from here over the next decade or two. This $2.5T asset class is going to $100T. (Similar to the Stock Market and Real Estate total market) Study hard, study often, pick the right assets, and enjoy the gains. The question is: WHEN MOON? Stack your bags, do your DD, and happy investing! Again, NFA! DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. [link] [comments] |
Hypothetically, How can SPV servers make money in the future when their hardware price increases to needing thousands of $$$ in new storage each year to maintain a historical node?
Bitcoin white paper mentions how institutions can be the ones who run the SPV servers but even then, how do they recover the money needed to buy hard drives if our Blockchain gets huge with billions of transactions a day? 5 billion transactions a day would be about 0.5pb a year
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source https://www.reddit.com/r/btc/comments/tuoz5d/hypothetically_how_can_spv_servers_make_money_in/
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