But it's not like whaled buy through an exchange. So even when they buy, it doesn't change the price.

With enough ability to spread that wealth one can move markets when/if desired, especially across exchanges or with ability to front run exchanges, especially with coordinated efforts.

Another reason to ignore the price of btc and just dca. It's marketing noise not signal.

https://www.yahoo.com/now/okcoin-launches-sats-mode-becomes-140000305.html

SIAP. I just came across this article about Okcoin enabling a sats mode. I wish/hope more exchanges go this route. "Staking sats" is more satisfying if your account is actually enumerated that way.

I'm planning on rolling my last two alts into BTC on 12/30 if we are relatively stagnant between now and then.

Loaded said:

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https://www.yahoo.com/now/okcoin-launches-sats-mode-becomes-140000305.html

SIAP. I just came across this article about Okcoin enabling a sats mode. I wish/hope more exchanges go this route. "Staking sats" is more satisfying if your account is actually enumerated that way.

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Sats and lightning network on exchanges are some great future changes to reality.

Anyone actively using the AVX/SOL chains? If so, what have you been using them for and how have you liked them?

Who got the Coinbase One email for beta testing and is considering it???

Coming soon, the Chinese social credit system. Seems Israel and Australia are going first. How long we got until we get our own vaccine ID/national registry system supplemented with access to the USDCoin... sigh...

This is still just a conspiracy theory, right? https://t.co/g9XL6d8NvM

— Gigi ⚡🧡 (@dergigi) December 9, 2021

It will be a hierarchical family tree. You don't think the boosters and child vaccines are being promoted (ahem pushed) for nothing. Profits for the select few and control of everyone else.

V for Vendetta
1984
Demolition Man

Opt out.

administrative errors said:

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I just heard someone say

Quote:

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what do you think bitcoin the bitcoin mining reward in 100 years is.

37 sats

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37 sats will be all that's necessary to fund miners to secure human wealth and production.

That's nuts. I hadn't put that number down before. Insane how bearish I've been looking at bitcoin.


Currently. You can get 1060 satoshis per dollar. In 100 years the block reward is 37 satoshis.

Talk about generational wealth.

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At some point in the future, the miners will receive more in the block transaction fees than the block reward.

Great video. Would love to see/hear more reaction from the members of Congress.

I can't stop rewinding to watch the Sharon Stone imitation about 12 seconds in!

mrmill3218 said:

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Great video. Would love to see/hear more reaction from the members of Congress.

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tell me you don't understand crypto without telling me you don’t understand cryptopic.twitter.com/boToAl3qjd

— LilMoonLambo (@LilMoonLambo) December 8, 2021

Sherman was the only one showing his ass at the hearings, everyone else seemed respectful and highly motivated to bring greater understanding and innovation to the country.

There's a bitcoiner running to unseat sherman so let's see how that idiotic take works out for him.

Saw that yesterday and couldn't help but think he actually helped the space.

His arguments were crap and his attitude was pure disdain, although his ignorance almost masked it.

To those who use strike to purchase BTC…

Has anyone tested whether making a deposit into Strike via a Fold debit card triggers a post purchase spin?

I'm going to test this if no one has yet as it seems like you maybe be able to get sats back for the fiat you're using to buy BTC.

Yeah there are a few of those tricks out there right now. I believe I heard some people discussing that on a clubhouse or Twitter spaces the other day.

Go for that double dip in rewards when you can.

NTXAg10 said:

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To those who use strike to purchase BTC…

Has anyone tested whether making a deposit into Strike via a Fold debit card triggers a post purchase spin?

I'm going to test this if no one has yet as it seems like you maybe be able to get sats back for the fiat you're using to buy BTC.

---

Just tried it, Strike is specifically not an accepted merchant.

Womp womp. I'll probably still get the one that doesn't have a fee. I was thinking about the premium one when I thought there was a chance.

Case in point for not keeping your coins on an exchange.

https://status.gemini.com/

Maybe they closed the loop

Lemme see if I can find the guy talking about it.

The FAQ discussing it is dated 11/2020 so maybe he/she has a workaround and if so I'd be interested

That's what I've been using. It's most effective as a Amazon gift card vehicle, but I use it for a lot of every day purchases too and pick up random sats depending on the spin.

Loaded said:

---

administrative errors said:

---

I just heard someone say

Quote:

---

what do you think bitcoin the bitcoin mining reward in 100 years is.

37 sats

---

37 sats will be all that's necessary to fund miners to secure human wealth and production.

That's nuts. I hadn't put that number down before. Insane how bearish I've been looking at bitcoin.


Currently. You can get 1060 satoshis per dollar. In 100 years the block reward is 37 satoshis.

Talk about generational wealth.

---

At some point in the future, the miners will receive more in the block transaction fees than the block reward.

---

Let's talk a bit more about this. So if the block reward will get close to ceasing, won't more miners come off line? Then it's a race to the lowest cost of energy to sustain a network (on a $/kWh basis). Do you see the transaction fees )in sats) programmed to actually go up or are we just assuming that the fees are higher (on a dollar basis) due to the higher price of BTC?

What's missing form this equation and Bitcoin coding is the human factor. How do we know what people/miners will do? It's a very interesting case in economics and the human element that I don't think any single person you can actually code into the Bitcoin system, let alone get correct. What I'm looking for is: Where's the critical flaw in Bitcoin? It's hard enough to get old timers on board with an imaginary founder. Has anyone dissected the software code to check for updates, backdoors etc? Honest questions, not throwing stones.

It's been publicly available for 12 years for all actors to attack and the incentive is worth trillions if it's assailable, so there is no lack of attempts.

So far, no success.

Quote:

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Let's talk a bit more about this. So if the block reward will get close to ceasing, won't more miners come off line? Then it's a race to the lowest cost of energy to sustain a network (on a $/kWh basis). Do you see the transaction fees )in sats) programmed to actually go up or are we just assuming that the fees are higher (on a dollar basis) due to the higher price of BTC?

---

I see miners seeking the least costly method of mining. As far as fees, there's a lot of potential on the horizon for a variety of answers. I don't see fees as an issue as lightning network exists.

NTXAg10 said:

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Case in point for not keeping your coins on an exchange.

https://status.gemini.com/

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Is this a security issue?

Keeping keys on exchanges, yes.

Not your keys not your coin.

They say no but I've been unable with withdraw since it happened. (I had a small amt of BTC on there that should have passed the lock up period by now)