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#1081 |
A mariachi ogre snorkel
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ETH 2010 BTC 24,850
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#1082 |
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So far the pattern has been Ethereum starts to jump against Bitcoin, which gets Bitcoin in the news, which gets people buying Bitcoin, which results in a rally against Ethereum.
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Stay shook. No sook. |
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#1083 |
A mariachi ogre snorkel
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Well ETH’s up 96% in the past 30 days and BTC is up about 26%. Institutional investors? I wonder if the momentum will continue post-Merge.
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#1084 |
Architeuthis
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The hot new thing is dusting the wallets of one's enemies with unsolicited Tornado Cash-tainted eth, to get said wallets frozen. The future of finance is permissionless.
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#1085 |
Architeuthis
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^^Oops wrong forum
(Edit: moved - Ab) |
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#1086 |
Architeuthis
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![]() PoW: burn the world
PoS: plutocracy |
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#1087 |
HENCE WHY FOREVER ALONE
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We're at $1500 ETH. Does anyone want to place a bet?
Will we see 2000 ETH before we see 1000 ETH? It's in your favour.... you've got "momentum" and "institutional investors" on your side. I've only got cynicism and reality. Your gods have money to manipulate the market - mine only have soul crushing reality. If you want to put money on it, I'll play the game. I don't care. I ask 0.1 ETH ($100 @ 1000) if I'm right, or I'll give you 0.05 ETH ($100 @ $2000 ETH) if you're right. It's only fun for me, I wanna see people wiped out. Max 3 players. I don't wanna put my entire balls in a vice. Post the transaction or be a man in a dress.
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Finger rolling rhythm, ride the horse one hand... |
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#1088 |
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It's cute when toddlers walk around yelling "I am great". It's sad when adults do it, short them actually being at the end of some great achievement.
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Stay shook. No sook. |
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#1089 |
A mariachi ogre snorkel
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Good time to be buying, and I am.
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#1090 |
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Outside of the merge event pumping it up I think the price will drop over the next couple of weeks until the 13th Sep CPI release. If its a bad number it will break $1000.
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#1091 |
A mariachi ogre snorkel
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Maybe we should have been betting on BTC’s movements - it’s very soft right now.
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#1092 | |
HENCE WHY FOREVER ALONE
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Was soft when you posted, it's beginning to melt.
Quote:
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Finger rolling rhythm, ride the horse one hand... |
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#1093 |
Architeuthis
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I predict BTC dropping under 10K.
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#1094 |
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Why now?
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#1095 |
A mariachi ogre snorkel
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ETH's holding its own today, hovering around 1550-1600 last time I looked.
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#1096 |
A mariachi ogre snorkel
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#1097 |
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Boing-boing!
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#1098 |
HENCE WHY FOREVER ALONE
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Approx 8 hours until the Ethereum merge! (so ~6:30pm NZ)
Google has a countdown if you use the term "ethereum merge" Should be interesting... my cards are still mining (mainly for heat), so I'll be keeping an eye on what happens on Nicehash and what other chains/algos get mined instead. If miners don't get "free money" from mining ETH, is there even [popular] incentive for the price to go up? Wouldn't it be better that the price comes down so that dApps/gas fees are cheaper? Assuming $1M ETH would be restrictive and expensive (bad), would $1 ETH be good?
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Finger rolling rhythm, ride the horse one hand... |
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#1099 |
HENCE WHY FOREVER ALONE
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Pandas!
What an anti-climax.
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Finger rolling rhythm, ride the horse one hand... |
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#1100 |
A mariachi ogre snorkel
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Something that important, anticlimax IS a climax. GG those nerds.
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#1101 |
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If bitcoin got to US$1 all those years ago and stuck approximately with the rate of inflation, do you think Crypto would actually be more widely used as a proper currency right now rather than a ponzi scheme/investment
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#1102 |
A mariachi ogre snorkel
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It would never happen, because the amount of money in the world always increases and the amount of potentially-available bitcoin in the world always decreases.
It is mathematically impossible for the amount of bitcoin in existence to exceed 21 million BTC. Every time someone forgets their password, or loses their keys, or disappears Satoshi-style, the number of bitcoins available to the rest of us decreases. Compare with, say, the US Dollar - there are always more of them. Hell, most of the US dollars that have ever existed came into existence within the past 2 years. If both things are considered desirable, the value of the finite thing is never going to correlate with the value of the infinite thing. |
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#1103 | |
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Quote:
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ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ |
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#1104 |
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dropped approx 50%-75% after the merge.
The only way back to profits in the shorter term will be people stopping their mining, allowing for more room. Or ETH crashes and another unicorn coin comes along and fills the 2nd place with POW |
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#1105 |
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US Govt looking at "becoming a crypto currency leader" by releasing a pile of guidelines that regulation is inevitably going to emerge from and rumour suggests they're looking at creating a US crypto currency
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Ξ √ Ω L U T ↑ ☼ N وكل يوم كنت تعيش في العبودية |
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#1106 | |
HENCE WHY FOREVER ALONE
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Not just a rumour. It's Project Hamilton, being done by Boston Fed + MIT.
Code on Github even: https://github.com/mit-dci/opencbdc-tx From a news article yesterday: Quote:
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#1107 | |
Architeuthis
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Quote:
Last edited by Ajax : 18th September 2022 at 11:30. |
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#1108 |
A mariachi ogre snorkel
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true. I should have said "according to Bitcoin's current code it is mathematically impossible..."
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#1109 |
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Does it even matter? It's not like a whole bitcoin has any particular properties about it, does it?
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#1110 |
Architeuthis
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Nah it doesn't matter at all, except to people who perceive a cachet in owning a whole one.
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#1111 |
A mariachi ogre snorkel
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But owning a half, or a fifth, or a twentieth, of a bitcoin is a good choice if the alternative is owning a half, or a fifth, or a twentieth, of something of which there is an infinite supply.
If you're playing D2 on Bnet, what's more valuable - a stash full of gold, or a SoJ? |
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#1112 |
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Bitcoin is not useful as a currency because of its transaction times.
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#1113 |
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It's more kind of a currency tool. Some make some use of it. However I wonder if the utility only seems favourable because they haven't yet encountered the risks users are exposing themselves to.
Bitcoin has some life to it yet, but I think it only survives if it somehow becomes integral to emerging infrastructure (rather than just accommodated).
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#1114 |
A mariachi ogre snorkel
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Bitcoin isn't that useful, but that doesn't mean it isn't valuable.
Ethereum, on the other hand, is starting to make moves towards being useful. I don't think it will really begin delivering on its promise until it deals with the problems of 1. energy consumption 2. transaction speeds 3. transaction costs (gas fees) One down. |
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#1115 | |
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This is pretty much the current state of 2 & 3:
The different types of ZK-EVMs Quote:
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#1116 |
HENCE WHY FOREVER ALONE
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1.3k!
Figure out your exit price, or go down with the ship. We are definitely going lower, no doubt about it. If you're a true believer, sell now and buy back in.
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Finger rolling rhythm, ride the horse one hand... |
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#1117 | |
HENCE WHY FOREVER ALONE
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Quote:
That's the advantage of using a credit card. You pay a small amount, so that you have protection. Crypto is zero protection, and you also pay a small amount for the privilege of dealing with someone you don't trust and can't identify or get compensation through the legal system.
__________________
Finger rolling rhythm, ride the horse one hand... |
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#1118 |
HENCE WHY FOREVER ALONE
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Michael Saylor (his public wallet at least) has only ever bought Bitcoin twice (the first two times) at a price lower than it is now. That means every single other time he bought Bitcoin, he lost money.
In total, he is down $1.5B What a legend. Ultimate sucker.
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Finger rolling rhythm, ride the horse one hand... |
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#1119 |
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Currency is one niche. Legitimacy and verification is going to be another major use case.
The most likely scenario is the infrastructure will become implemented without most people specifically realising it. One hypothetical scenario for example is a super-light EVM that can run on basically nothing in every device where you want to be able to prove that specific hardware made a recording at the time stated, and whatever other meta-data you want to be able to assert. For instance your dash cam footage and GPS data. Or the photos you took before you handed over possession of a property. People won't know about blockchain or Ethereum or EVMs. What they'll know is they can rest easy knowing they've done everything above board as demonstrated by this system that everyone takes seriously. Just a part of one more app used to manage affairs.
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#1120 |
A mariachi ogre snorkel
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That's where I think this is going. Ownership, verifiability. Buying stuff is just a tiny part of it.
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