This is why Bitcoin maxis are ultimately delusional. They think the world revolves around them and, no matter what happens, they will always be at the top.
I do, because people online tend to flex about things that seem like really tall tales. Someone who held on this long is exceptionally rare in the first place, and I like when someone makes a claim, they back it up with evidence.
For some reason, I am unable to reply to the original thread I was on and I need to start another one here. Probably too far down the tree?
At any rate, one consideration folks don’t seem to have for the halvening is the reduction in rewards for miners.
As mining becomes more expensive and transaction fees increase exponentially, I see more and more smaller miners dropping out of the pool as it becomes too expensive for them to operate (and we are in a high interest rate environment, so capital for borrowing is much more expensive to acquire). Then the miners that are left start to concentrate and potentially cause a security concern. It becomes too top heavy.
I’m not sure why alarm bells aren’t going off for Bitcoiners?
I never said entire retirement fund. Way to put words in my mouth. I mean having access to this at all is going to allow degenerate gamblers to have an avenue to spend on BTC and the contagion will spread further, like a self fulfilling prophecy.
Also, the halvening I imagine will be a very bad thing for miners, unless it’s guaranteed to double in price, miners are going to suddenly make less in value after the event occurs. Just because the halvening happened to behave a certain way in the past doesn’t guarantee future results.
I can’t imagine why I would want to purchase BTC on a vehicle intended for retirement savings. This is absolutely asinine to me and I see so many people losing their shirts and could be rife with abuse. If people really want to, they can gamble their money away at Coinbase.
This is really feeling like tragedy of the commons and needing to find more ways to pull in real money into this system so whales can swim in their piles.
The ETF angle makes no sense to me. An ETF is designed to be based against a basket of securities. A bitcoin ETF seems really pointless. Why not just gamble on the token itself?
I see this as a means to sucker more retail cash in and have the early adopters of Bitcoin hoover it up.
For the record, my statement as of right now is still true. Remember that Bitcoin peaked at nearly 69k a piece and it’s currently at around $42k a piece.
Just as a friendly reminder, if you bought any major crypto when Matt Damon told you “Fortune favors the brave”, you’re still technically down on your initial purchase.
This is probably the media trying to get some bags pumped.
This is a very profound piece of wisdom. There are times where I dwell on how I should have invested my money a decade ago and wish I made different choices before hitting my mid 30s. Yet I have a lot to be thankful for now, despite my mistakes.
But in all seriousness, Coinbase is not a particularly ethical company. I still won’t forgive them for how they pulled off the insider trading and boosting of Litecoin, which made Charlie Lee rich off the backs of the peanut gallery.
EDIT: for those with seemingly limited memories - Charlie Lee worked for Coinbase at one point, and was able to successfully get his shitcoin (which was basically a hastily tweaked bitcoin) accepted for off ramping to fiat. Sounds like a direct conflict of interest, and I’m surprised Coinbase wasn’t investigated for this.
Does anyone know if there is a quality map for where AT&T, Google Fiber, or Quantum Fiber services are available for the Phoenix Metro area? I’m trying desperately to get off of Cox, and am assessing my options on where to relocate to in the Valley (I currently live in East Mesa) but it seems like a real pain in the butt finding actual service easily. Any recommendations aside from searching one mailing address at a time?
I do wonder if we will see these chips available for purchase to install in standard form factor ATX style systems? This is something I haven’t seen Arm crack into yet.
There is a workaround to this that is quite simple. Get a prepaid visa gift card. You can make up whatever nonsense info you want on those and pair that with the subscription. Then once the balance runs out, get another card and repeat the process. Problem solved.
This seems quite unnecessary and over-complicated. Trust me, Google will have you tracked one way or the other, so it might be better to just grab a prepaid visa gift card for your Youtube Premium subscription and save yourself the trouble. Any grocery or convenience store can sell those to you with untraceable cash with ease.