AC

Onad55

3000 watts is equivalent to 25 people. The AC designed for a single occupant may not be able to keep the room cool. 3000w gets you about 100Th/s with a good ASIC miner. Mempool shows there is about 625Eh/s. So, you would be earning on average 1 part in 6.25 million shares of the block reward (less what the pool takes off the top, typically 1-2%). Block rewards are down to about $250k/block. Your share would be about $280/mo. At $200 profit per month, if the miner hardware costs $2000 you could break even in 10 months. But then there are risks that need to be factored in. Equipment failure and theft may be the largest risks. They will probably kick you out of the office space before the end of the year when they figure out what you are costing them in excess electricity usage for your miner and the AC to keep it cool. More miners are coming online and the global hash rate is climbing so your share will be going down. The numbers I used are what I could quickly find online. You’ll need to do your own research to verify the numbers and future projections.

RealCheyemos

Missed opportunity not putting Celsius or BlockFi or Genesis or 3AC, Gemini at the end to really drive home the point for the need of self custody… other than that, great commercial.

bbiittccooiinn

No. Don't give up your Bitcoin chasing crappy digit yield with those "earn interest" companies. There are a lot of shills churning referral bonuses or these companies using bots to farm new customers. It's like picking up pennies under a steamroller. The highly likely ending is where you'll be next in line during a lengthy bankruptcy process and receive cents in the dollar back. If the below companies didn't exist, BTC would have reached over $100K last cycle. Instead all these companies did was suppress real price discovery by converting Bitcoin people transferred to them to shitcoins in order to generate the yield to pay you, before pulling the rug right under their clients. Don't think this couldn't happen again. Who will be next? Nexo? Buy Bitcoin and withdraw to your cold wallet. Don't keep it on an exchange either. - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2024 - who's next?

SPYalltimehightoday

Power resides in the cave man with the biggest club. You can have all the BTC in the world, be the president of the greatest country on earth, or have unlimited access to a money printer. You are FUBAR when the AC-130 or Reaper Drones show up.

schnitzel-kuh

Idk, I think bitcoiners need to understand that almost no one cares about all the details in the backend, about how specifically a fedwire or something works, same as you probably dont care where the stuff in your toilet goes, or how the your phone chargers make AC to DC power. All they care about is, if I send my friend money, how fast does it show up in their account. And how high are the fees. And right now, bitcoin will take longer to show up by multiple minutes, and in terms of fees last I checked it costs me nothing to wire money, however bitcoin fees vary wildly and recently went up to triple digits for one transaction. Thats orders of magnitude more than even something like western union. I think what many bitcoiners need to understand, is that for most people, who dont care how the backend of anything works, its just very unattractive to use bitcoin, which is also why adoption is so low. How should I explain to someone that they should use some slow digital currency with transaction fees that they see,and lots of hoops to jump through in order to be safe and not have their money stolen or hacked. And all this while they have a piece of plastic in their pocket that is free, works in any store and has a person you can call if something goes wrong. Imagine trying to explain to some 50 year old why he should give up all that convenience for some supposedly better backend or something, that has no effect on how he uses it. Ridiculous

Soft-Homework-4720

I’m curious to know what the tax penalty is on withdrawing from your FHSA. If it’s 10%, I’d eat it and dump it all into bitcoin. That’s just me though. There’s nothing sexy about owning a home, you’re responsible for all maintenance and up keep. Trust me, shit will break (AC, washer/dryer, garage door, etc.) The only reason I’m a home owner is because I’ve become heavily convicted in bitcoin and no longer contribute to my 401k. I was able withdraw the contributions I had made and use that as my down payment on my house, instead of letting that money rot away until I’m 65.

Wershingtern

I’ll let some of you smart guys do my math, power bill averages about $100/ month (l3+ & m21S, with an AC unit running year round) + $50 a month for internet. So a total of $150 a month. I do not sell my BTC to cover those costs, I just pay them and hope my investment makes sense in the future. I don’t think I’ll upgrade this miner, and I’m half tempted to see if I can resell it to recoup some initial investment

ResponsibilitySea327

Lololol. You don't know what they hell I do, do you? You have ZERO idea what running a large power grid is like until you step in my shoes. The plant I support is guaranteed to be several times larger than all the other plants you've been party to. I'll bet the proverbial farm on that one. You don't have the education or clearances to even step in those shoes. But your comment is more related to the price of tea than bitcoin. Of course any economic output requites power. And any power generation has a environmental cost. The point is that ESG is just a political leverage point and doesn't make something "green". It is all based in one's reference. A wond farm is arguably better than coal and an EV may be better than an ICE car in some references, but it doesn't mean that building an EV is environmentally friendly. SEER 16 is better than SEER 14, but you won't save the planet running a SEER 16 AC unit 24/7. You can consume your way to environmentally friendly, you can only mitigate future power growth rates. Take ESG politics and shove it.

Wise_Moon

You ever read about the AC/DC wars? Google “Edison elephant”

hardknockcock

Super cars are not practical. They have become more practical throughout the years, like for example the original Dodge viper didn't even have windows, locks, airbags, AC, ect. But now these super fast cars have a lot more luxury features to them to be more drivable. But the point of them is to not be something you drive for the comfort, it's something you drive to be fast and show off. And unless you can afford 100 lambos then you're also going to have the constant fear of damaging something and putting miles on it.

biba8163

Relative to the big brain hedge funds, he's doing quite well - Aalameda Research lost $5.1 Billion, bankrupt and going to prison - 3AC Three Arrows Capital lost 3 Billion, bankrupt and time served - Genesis Global Capital lost $3 Billion, bankrupt

bbiittccooiinn

###Friendly periodic reminder Don't give up your Bitcoin chasing crappy digit yield with those "earn interest" companies. There are a lot of shills churning referral bonuses or these companies using bots to farm new customers. It's like picking up pennies under a steamroller. The highly likely ending is where you'll be next in line during a lengthy bankruptcy process and receive cents in the dollar back. If the below companies didn't exist, BTC would have reached over $100K last cycle. Instead all these companies did was suppress real price discovery by converting Bitcoin people transferred to them to shitcoins in order to generate the yield to pay you, before pulling the rug right under their clients. Don't think this couldn't happen again. Who will be next? Nexo? Buy Bitcoin and withdraw to your cold wallet. Don't keep it on an exchange either. - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2024 - who's next? Nexo?

ifeliz

2000+ back in 2013, I used to own an at-home recording studio that required powerful PCs. I eventually switched to Mac (since it was more stable for music back then), since I had multiple powerful PCs just sitting there doing nothing. I was reading this article https://www.businessinsider.com/how-to-mine-bitcoins-2013-3?op=1, so I decided to try mining, and my "rig" was generating around 20 coins a day. I mined for around five months, now to answer how I lost my coins. There were a few things I didn't know: I didn't realize 1) https://www.instawallet.org wasn't secured, 2)the cost of electricity was ridiculous at the time I was blaming summer and the constant AC running until fall, and I realized it was my rig making the electricity go wild, 3)mtgox after that I decided to give crypto a break for a few years. (Big mistake). Now, I have to work every day because I'm not a crypto billionaire; I've made my peace with losing the coins because I believe everything happens for a reason (sometimes because you are dumb and young). I also think that, in some way, I help the Bitcoin/crypto/blockchain project grow by sharing some computational power when it needs it

bbiittccooiinn

- 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2024 - who's next? KuCoin likely

Straight-Fortune-193

Look at it this way, Bitcoin is two trains running on parallel tracks at full speed. One has just left the first station and the other is coming back towards the first station. Look at Every halving as the train pulling into the station where people have the option to get off the dollar train and onto the Bitcoin train. The people who get off the dollar train early are going to be able to sit on the Bitcoin train and be comfortable because they made their choice early. The people who stay on the dollar train and transfer later will be on the Bitcoin train but not as comfortable. They might have to stand or sit next to strangers or if you are from nyc sit on the train with no AC in the middle of the summer with the homeless guy laying across several seats (if you ever lived in nyc you know what I mean). The people who stay on the dollar train because they was reluctant to change train or feel asleep will get reckt at the end when the dollar train enter the last stop at full speed and crashes. These will be the people who will be stuck in the dollar and will loose 100 percent of their purchasing power.

RocketGuy3

Problem is there isn't that much income to begin with, at least not unless you include illiquid property gains (until you sell and have to pay regular income taxes on those deprecation deductions you took). But at *best*, you're making like 3% positive cash flow with minimal taxes. And if you have a rough year where your AC goes out or you need foundation repairs, you may have negative cash flow.

coinfeeds-bot

tldr; Kyle Davies, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), expressed no regret over its bankruptcy and the loss of billions in investor funds. In a podcast, he stated companies go bankrupt all the time, showing no remorse. Davies has been avoiding Singapore to evade possible jail time, moving between Europe and Asia. Despite launching a new venture, OPNX, which closed shortly after, Davies faces legal challenges, including a $3.3 billion debt to 3AC creditors and a nine-year prohibition order from Singapore's central bank for alleged regulatory breaches. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Frag187

Make my day !! 0x4E296258a333A434AC753e5F9a0A4d97BFda36A9

Hot_Bus_3112

Make my day xD 0x4E296258a333A434AC753e5F9a0A4d97BFda36A9

btc_clueless

One of the top advice from actually successful traders is: be extremely careful with leverage. This can get you wiped out way easier than you think. Remember even the big players like 3AC and Alameda went bankrupt because they had a poor risk management and the market went in the wrong direction. And you know better and want to risk a 5x leverage? If you do, gamble with just a small position, not your whole bag.

Luffydude

No. Authoritarian censorship overwhelmingly comes from the left and silences the right: Canada, China, Venezuela, Germany, Ireland. Political arrests in the UK only go one way with people on the right arrested for simply having a coffee near a protest I do not know about the specifics of Spain but it has been crushed by gross incompetence under socialist rule with highest unemployment numbers I've seen, zero border protection, rampant crime, mandating that women have extra days out of work per month, authoritarian policies that make no fucking sense like ARRESTING PEOPLE FOR USING THE AC

coinfeeds-bot

tldr; Kyle Davies, co-founder of the bankrupt Three Arrows Capital (3AC), discussed on the Unchained Podcast his lack of remorse for the fund's collapse and his current fugitive status. Davies and his co-founder, Su Zhu, faced legal issues and public scrutiny after 3AC's failure, which was closely tied to Terra's crash. Both were sentenced to four months in prison for not cooperating with the bankruptcy investigation, but Davies has avoided serving his sentence. He blames their lawyer for not informing them of a crucial court date and expresses hope for a settlement with Singapore authorities. Davies, now in Europe, refuses to apologize for the fund's bankruptcy, suggesting that companies fail and what matters is how one rebuilds afterward. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

BadRico94

I think they got burned in the 3AC and owe money because of it

CandidateNrOne

Scam??? 4 days ago I got paid 0.000002 ETH on my ETH wallet. It came from an adress with 2 transactions: one out to my wallet, the other in from a wallet, which has only outgoing transactions (0x1947AC28de8619a95097d6F69EFF26cda37F2806) . Can somemone tell me, what that is?

kcryptohodlr

1.132,325 2.0x4CCC1256D893D61C40B08393C685c0A5AC155f3e

mnkbstard

1. 643,735 2. 0xED9db0732c0A24290cA2313D8bF574605AC9260a

heroinspritze77

777777 0x9261660b0F745A6AD8D69654b8e376AC34B466F0

terje69

626,666 0xB78c5fbC989CC9cE2AC7D7730e64158B18acf5C3

tarbuckl

1. 131,313 2. 0x8bc60c0AC1773caf5c26747512F46F2137A623AF

Avatar_Degen

1. 689200 2. 0xBa253EEF0E3b50c09c9F50f7889D6033AC04D105

unknowntravellert

51822 0x2207147edcbeEdA3b43CFBb72578AC324C2179d6

timbulance

1. 864,932 2. 0xa2520159f15408AC76099c4a6338829B13010ff7

Trans-former-Athlete

717171 0xF2e22908166a71145be04625C4a0CbF04B2FD1AC

Maxx3141

1. 314,159 2. 0x906f7c8C47F1BF8884CEB3272790AC37302675f3

Liltipsy6

656,478 0x5050C9354AC140C99E0621D954aB0ade412A3225

1nfinitus

1. 10,485 2. 0x035b7D2E2c89aBD6e07AC3cb10051F3E80fA5d99

Father_Earth

1. 369420 2. 0xC9d8024FB50E05677AC7debb493832979F90F558

Ulfen_

1. 347 892 2.0xdd8bed7f3128Cb7b2e044EC1feF4d58AC0D93caD

ChibiciED

777779 0x5441c94BDe148AC4C757be17eB0bf0fD3953AC87

ADT06

1. 405093 2. 0x7E54AC2710b7DfFD6A9d35d62B6BfB5983A926fB

HamsterNegative4887

I understand your analogy. I'm simply observing that there appear to be evident religious parallels between Satoshi and Jesus, Fiat and Satan, Bitcoin and The Bible, and Alt Coins and False Idols. I don't think there was mythos around the adoption and buy-in for AC. But I actually don't know the history of AC except for that maybe Tesla invented it?

Z3non

Is the internet a religion? Is AC a religion? No.

HSuke

2020 was more DeFi. All those interest and loan programs created massive leverage that imploded when Terra Luna/Anchor protocol went down and then took down a cascade of other platforms including: DCG, 3AC, Celsius, Voyager, FTX, BlockFi, etc.

WhiskeyOutABizoot

Because you are not understanding how Bitcoin works. People don’t use Bitcoin because they trust Satoshi, so it doesn’t matter if he came out with a new version. People don’t use Alternating Current because they trusted Nikola Tesla, but because it had advantages over Direct Current. If the 60hz AC electric grid was set up, and Tesla decided to make a new 100hz AC standard that had no advantages over 60hz, people wouldn’t switch.

smAminul220

0x4Ca757Da6594AC2cdD214c3DB7B149a1a5fed9B5

Regular_Chapter_788

Friendly reminder Don't give up your Bitcoin chasing single digit yield with those "earn interest" companies. It's like picking up pennies under a steamroller. The highly likely ending for you will be where you'll be next in line during a lengthy bankruptcy process and receive cents in the dollar back. If the below companies didn't exist, BTC would have reached over $100K last cycle. Instead all these companies did was suppress real price discovery by converting Bitcoin people transferred to them to shitcoins in order to generate the yield to pay you, before pulling the rug right under their clients. Don't think this couldn't happen again. Who will be next? Nexo? Buy Bitcoin and withdraw to your cold wallet. Don't keep it on an exchange either. - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2024 - who's next?

HODL_monk

'clean' energy is worthless, because it is intermittent and unstorable, which is fine for Bitcoin miners, but terrible for the sheeple that just want some AC when its hot, or real industries, that actually want to operate, when they are open. Incentives for clean energy are just boondoggles that throw our money away on virtue signaling. This is NOT A win/win, its actually more of a lose/lose, as we suffer the inflation from all this government giveaways, AND the resulting power systems can't supply real homes or businesses, but only niche crypto mining, and even that will go away, when the tax rates double for it in this country.

romrot

except EVs are outdated technology from the 1800s with a spit shine polish to make them appear to be new technology. The lithium batteries are new, using an AC motor in lieu of a DC motor is near half a century old, but EVs outdate ICEVs by a few decades. EVs work great for short distance driving in optimal weather. If it's too cold though, the batteries won't work. until we have a better way to store electrical energy, ICEVs will still be more ideal.

tbkrida

Exactly, so why even open the door to entertain this bs? If it affects any miners, it affects you as a user of Bitcoin. Next they’ll be saying if you use too much AC in your house we’re going to put a tax on it(joking). It’s dumb.

Jamsster

Yes similar to different commodities. That’s why I said it seems more like a touted virtual gold moreso than currency it originally was marketed to the masses as. Not ridiculously lot different than other commodities else than because it’s a new one its been a lot more lucrative and the form it takes is quite different than the past. As a consumer that isn’t invested in crypto, it’s a transformative use of value that’s intriguing for sure. However, when I consider the energy used in exchange to procure it, it’s kind of questionable. Especially when thinking about the main corporate mines in the US have been in Texas where people complain about the grid struggling. There are definitely positive byproducts that bitcoin miners pursuing better ways of calculating more efficiently provides and that blockchain has the capability to provide. But if you ask a person in Texas what they’d rather have covered between the two its a lot more appealing to have AC on full blast for most people. It doesn’t have to be a zero sum game, but a lot of people will see it that way if and when there’s shortage. Hence the tax: that if the government is smart goes to energy infrastructure. We know they probably won’t because why would they, but that’s the weird world of politics. Just my general thoughts on this. Not taking away from crypto, I really do hope it works well for people involved in it cause I ain’t about I told you sis or relishing in people having bad luck. Just the reservations I hold on it and how it will function in our society.

Regular_Chapter_788

None of what you said makes much sense. If the interest is high that most definitely does not make sense. That's a massive red flag. Don't give up your Bitcoin chasing single digit yield with those "earn interest" companies. It's like picking up pennies under a steamroller. The highly likely ending for you will be where you'll be next in line during a lengthy bankruptcy process and receive cents in the dollar back. If the below companies didn't exist, BTC would have reached over $100K last cycle. Instead all these companies did was suppress real price discovery by converting Bitcoin people transferred to them to shitcoins in order to generate the yield to pay you, before pulling the rug right under their clients. Don't think this couldn't happen again. Who will be next? Nexo? Buy Bitcoin and withdraw to your cold wallet. Don't keep it on an exchange either. - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2024 - who's next?

Regular_Chapter_788

Don't give up your keys chasing single digit yield. It's like picking up pennies under a steamroller. The highly likely ending will be where you'll be the next in line during a lengthy bankruptcy process. Who will be next? Nexo? If the below companies didn't exist, BTC would have reached over $100K last cycle. Instead all these companies did was suppress real price discovery by converting it to garbage in order to generate the yield to pay you, then they pulled the rug. Buy Bitcoin and withdraw to your cold wallet. Don't keep it on an exchange either. 2021 - ACX 2021 - Mycryptowallet 2021 - Cobinhood 2021 - Bitgrail 2021 - Coindelta 2021 - EXX 2021 - VCC Exchange 2021 - WEX 2021 - COSS 2021 - Bithumb 2021 - BTCEXA 2021 - Liquid 2021 - Nova Exchange 2022 - Three Arrows Capital (3AC) 2022 - Alamada Research 2022 - BlockFi 2022 - Babel Finance 2022 - CoinFlex 2022 - Celsius 2022 - Zipmex 2022 - FTX 2022 - Freeway 2022 - Hodlnaut 2022 - Ikigai 2022 - Vauld 2022 - Voyager 2022 - West Realm Shires Services 2022 - Genesis 2022 - Myconstant 2022 - Digital Surge 2022 - Mine Digital 2022 - Atom Asset Exchange (AAX) 2022 - Midas Investments 2023 - Liquid Global 2023 - The Rock Trading 2023 - Silvergate 2023 - Silicon Valley Bank 2023 - CoinLoan 2023 - BKEX 2023 - Patricia

hungryforitalianfood

Bitfinexed has been wrong every step of the way, for eight years now. Only the dumbest of the dumb continue following this grifter. He relies on smooth brain dweebs to buy into his boy-who-cried-wolf nonsense. He would be a meme, except he’s too irrelevant even for that. Tether truthers are worse than the brainlets who Larry bags like Safemoon or Hex. At least those morons, at one point in time, had a chance to sell for a profit. Tether truthers though? Nope. They’re sidelinooors with no skin in the game, idealistically waiting for the Great Collapse so they can buy at the prices they should have just bought at years ago, instead of allowing themselves to be scared off by ghost stories. Tether, with hardly more than a hiccup, has survived everything. ICO era, 3AC, Luna, FTX, US government inquiries, Celcius, and a whole laundry list of shit being thrown their way. They have not faltered. Wake up or don’t, people like you are inconsequential to progress. You’re the same as the losers who said we couldn’t sail across the ocean, that cars would never be superior to horses, that the internet would never replace physical mail. We succeed in spite of people like you, not because of you.

TwitchScrubing

Yep they're owed money from FTX and 3AC! FTX is at 100% recovery for their creditors, so likely to get a decent bit for voyager. Probably just what you got back ish give or take but I'll take a free dinner haha.

Few_logs

when 10% of my crypto will buy me an AC Cobra, i’ll sell. until then it’s HODL

Generalfro

Skeptic observer since 2012, just enjoying the subculture that was growing up around it. BTC wizard, magic internet money, etc. It wasn't until 2019 that I changed to investor. Up until this point I was still firmly trying to operate in the fiat but not having enough capital to make meaningful investments. Short term outlook fine, long term .... then the money printer turned on full steam and the genie was out of the bottle. Nothing made sense anymore and I felt that I was seeing the writing on the wall. Anecdote: 2019 and I'm having a conversation with my AC repairman post deployment of first stimulus check: Did you need it? No, he says, yeah me either, we are still able to work. So what are you going to do with it naturally comes up next. I said I'm "investing" it, he agrees. We leave it at that. The market was up due to many other people coming to the same conclusion. But it just didn't sit right with me, great I invest and it goes up but at an inflated value.... its all superficially propped up now I thought. So I returned to BTC and decided to put my money there. Over the next few years I was "digesting" what BTC is while continuing to stack where and when I could. But I was still very firmly in investment mindset and viewing BTC as a purely monetary vehicle to hedge against uncertainty. Something changed.... The ETFs came online and what is seen cannot be unseen. There is a demand, a "hunger" if you call it for "something better". The markets are showing and will continue to show this as BTC market cap subsume other assets. This sparked questions and concerns, which invariably led to questions coming from people I work with, live around me that know I was interested in the BTC space. I did not have sufficient data to answer... 1 March 2024 Scrolling through this reddit I decide to clink on a link to the Michael Saylor Tucker Carlson interview. Until this point I have never actually listened to Saylor or really any of the big names/thought leaders in this space. I was astounded, flabbergasted, ashamed. I couldn't help others understand because I was still ignorant, and a succinct encapsulated explanation was available to answer the "why, why BTC?" At least for myself. Then the youtube algorithm delivered.... next up BTC Atlantis 2024 Saylor panel. I could not sleep, ENERGY coursed through my brain, but I needed to process. 2 March I ask my wife if she would indulge me with a BTC conversation. She agrees knowing that BTC is up and the ETFs are up. We watch the Tucker interview and what was said, especially taking note that this was at the ATH, with 20/20 HINDSIGHT. Take note of what was of primary concern: Regulation THE ETFS ARE HERE We then watch the BTC Atlantis Saylor presentation and panel also taking note of the difference in concerns as well as future use. Contrasting the two videos with one at the cycle start and this close to cycle end helps, a lot. Not a word from my wife the entire time. I thank her for letting me share this information with her and knowing as I do she would need to let it cook. Later in the evening she lets me know "Okay, I'm now a skeptic." I continue to watch more and seek out information outside of reddit (ha, I know, ridiculous) late into the morning and it's starting to make sense. As in the whole picture not the individual parts. Today: I can no longer say that I am an investor, I am definitely a maximalist. This is going to change the world, because it's going to change the way we think of value. Price doesn't matter, I will pay anything to SAVE MY ENERGY FORVER!

Rickroll_Me_If_Gay

Rickrollmeifgay 0xf63fFdFADfC27B6C4E98AC9e47F91AC31fE98A31 Thank you!

cderry95

yeeter95 0x2eE23065d2B86AC7686fA8FEa4B3505CF2cE7195

HSuke

Fewer bad actors that could bring it crashing down later on. No algorithmic stablecoins, FTX, 3AC, or Celsius. The only wildcard I can think of is Eigenlayer.

-ASC-Vermilion

Money flow through ETFs does not mean the good ol’ whales that follow the same pattern btc>/eth> alts have exited and left the market. Now you have both institutional whales that pump btc and your regular whales that also pump btc and then shift the profits to alts, so in theory, this alt season should be even bigger than previous ones because on top of whale liquidity, you also have institutional liquidity pushing BTC prices higher than you’d normally expect. The only argument I’d see that there won’t be a big alt season this cycle is if the whales that played the btc into alt games were the likes of FTX, 3AC etc that went bankrupt.

und3adb33f

I recommend either Celsius, FTX, or 3AC!

Kazgarth_

Or * Genesis * Three Arrows Capital (3AC) * Voyager Digital * BlockFi * Celsius * Mine Digital * Zipmex * Babel Finance * Hodlnaut * Blockchain Global * Cryptopia * Quadriga * Bitgrail * Youbit * Mt. Gox Choose your poison.

notsetvin

Its very negligible. If you really cared about the environment you would turn your AC off and hang dry your clothes, which account for 80% of energy usage in the first world. We spend billions on petrol transporting cheap chinesum crap which gets returned the day its bought, and back on the big rig loop.

Discokruse

Curtailment contracts are the main source of profit for these mining companies. Mining with S19 rigs, the highest in circulation, is a small margin game at 10~15%. In ERCOT, the electric providers won't build a power plant unless they know there is an energy buyer waiting to plug in and purchase load. The miner steps into the market and uses high amount of energy as a place holder, or buyer of last resort. The plant gets built because of the miners. The profit comes when a freeze or heatwave comes into the gridded area. The demand for electricity sky rockets and emergency measures can be placed by officials. This allows electric providers to pay miners to turn off, allowing the newly built electricity loads to become available for the extra AC units or heating units. Turning off miners doesn't affect the bitcoin network much at all. Tick tock next block... Few power companirs want to build a new plant simply for the few weeks out of the year where emergency demand makes it financially feasible. They need the buyer of last resort. Demand adjusts price, this is econ101. Miners buffer the demand load with price insulation. The grid wins. How would you compete with other companies if you were constantly publishing your operating and curtailment loads? Do you have to report how much electricity used to smelt aluminum or run a factory?

Severe_Client_9261

Until people realize the fiat slavery system when we have hyperinflation of the dollar ([will happen eventually](https://www.google.com/search?q=ray+dalio+changing+world+order&sca_esv=4a15a4908bf04efe&rlz=1C1CHBF_enUS1093US1093&sxsrf=ACQVn0_J8PYzE2AC20MBp_yKjqHUDyatnw%3A1708665052541&ei=3CjYZbXCIL3l5NoPpdeVaA&gs_ssp=eJzj4tVP1zc0zEovKSgrMM81YPSSK0qsVEhJzMnMV0jOSMxLz8xLVyjPL8pJUcgvSkktAgB3WRBv&oq=ray+dalio+ch&gs_lp=Egxnd3Mtd2l6LXNlcnAaAhgCIgxyYXkgZGFsaW8gY2gqAggAMg4QLhiRAhjUAhiABBiKBTILEAAYgAQYigUYkQIyBRAAGIAEMgUQABiABDIFEC4YgAQyBRAAGIAEMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDIdEC4YkQIY1AIYgAQYigUYlwUY3AQY3gQY4ATYAQRIsCVQ1QdYnx1wAXgBkAEAmAFboAHuA6oBATe4AQHIAQD4AQHCAg4QABiABBixAxiwAxiLA8ICCxAAGIAEGLADGIsDwgINEAAYRxjWBBiwAxiLA8ICEBAAGIAEGIoFGEMYsAMYiwPCAg4QABjkAhjWBBiwA9gBAcICExAuGEMYgAQYigUYyAMYsAPYAQLCAhMQLhiABBiKBRhDGMgDGLAD2AECwgIOEAAYgAQYigUYkQIYsQPCAgsQLhiABBiKBRiRAsICExAAGIAEGIoFGJECGLEDGEYY-wHCAh8QABiABBiKBRiRAhixAxhGGPsBGJcFGIwFGN0E2AEDwgIKEAAYgAQYFBiHAsICDRAAGIAEGLEDGEYY-wHCAggQLhiABBixA8ICCBAuGIAEGNQCwgIZEAAYgAQYsQMYRhj7ARiXBRiMBRjdBNgBA8ICDhAuGIAEGIoFGJECGNQCwgIdEC4YgAQYigUYkQIY1AIYlwUY3AQY3gQY4ATYAQSIBgGQBhO6BgYIARABGAm6BgYIAhABGAi6BgYIAxABGBO6BgYIBBABGBQ&sclient=gws-wiz-serp)).

ztsmart

1 taste is subjective 2 some customers perfer lower AC 3 even if they prefer a higher AC, they may prefer it less than the price increase that would be necessary to maintain the previous AC, so the company is providing a better product to some people buy lowering "quality" Everything is a trade off

VEThalla

Do not buy new car. $2000 used car gets you from place A to B just the same as new car, it has AC and cruise control just like the new car. New car does not jerk you off while you drive nor does it do get you to your destination any faster. What new car does is lose 10%+ of its value on the same second you drive it out from car dealer and additional 20% yearly. However if you are really going to buy that car, use your ETH only if you expect the ETH to perform worse than the interest rate + loss of resale value of the car.

coinfeeds-bot

tldr; Su Zhu and Kyle Davies, co-founders of the collapsed crypto hedge fund Three Arrows Capital (3AC), are attempting to rebrand and restart their careers despite facing legal challenges. Zhu was arrested in Singapore for contempt of court and served two months in prison before being placed under house arrest, while Davies has avoided arrest by staying out of Singapore. Despite their fund's collapse and accusations of fraud, they have not faced major legal consequences and are now engaging in new business ventures and maintaining a presence on social media. Zhu, in particular, has portrayed his prison time as a transformative experience. The duo's actions suggest they are leveraging their notoriety as part of their rebranding efforts, despite the significant financial losses their fund's collapse caused to investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Interesting_Grade800

There are way too many features on modern cars that it s a struggle to do basic things like turning the AC on

josephkelley7926

What's the increase in value to a personal home when you replace the water heater? Or a new AC Motor or a pest inspection/ service? If you can't write it off...it is a liability not an asset. You buy a house at 180k 5 years ago, it is now worth 250k. You have 25 years left on the loan with an interest rate. How much after paying it off have you actually spent? 400k 450k? Where is the gain? If it isn't curb appeal, if it isn't kitchen or bathroom, you usually don't get that investment money back anyway. If you are just taking about net worth sure, but that's just on paper.

btc6000

> they have the cooling coil (heat absorbing) buried underground. That's only ground-source heat pumps. A reverse cycle AC system is a type of heat pump too.

rguerraf

Compared to the kilowatt hours fed from the AC wall outlet

Regular_Chapter_788

They already do. A lot of them went bankrupt, thousands of people lost their Bitcoin. Don't give up your keys chasing single digit yield. It's like picking up pennies under a steamroller. The highly likely ending will be where you'll be the next in line during a lengthy bankruptcy process. Who will be next? Nexo? If the below companies didn't exist, BTC would have reached over $100K last cycle. Instead all these companies did was suppress real price discovery by converting it to garbage in order to generate the yield to pay you, then they pulled the rug. Buy Bitcoin and withdraw to your cold wallet. Don't keep it on an exchange either. - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia

Regular_Chapter_788

Don't chase yield. Or you'll be the next in line during a lengthy bankruptcy - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia Yield Earning - 2022 - BlockFi - 2022 - Celsius - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Vauld - 2022 - Voyager - 2022 - Genesis - 2022 - Myconstant - 2022 - Midas Investments - 2023 - Haru Invest

Vegas_42

I would say no. See, Bitcoin is more of a discovery than an invention. When electriicty was discovered, there was no "better" electricity (not discussing AC/DC here). It's dichotom. Have it or have it not. If you program a "new" Bitcoin, it's just Bitcoin.

Playful_Stand6721

classic rock for me. AC/DC goes well with bitcoin imo. it's a hard rock/punk rock that cannot be stopped 👍

EasternComfort2189

and here I am turning my AC up 2 degrees to save the environment.

jbtravel84

Hello! 0xa9C0cdEd336699547aaC4f9De5A11Ada979BC59a is OpenOcean. The hacker swapped your WETH to ETH there. Your funds were first sent to **0xa6738B57f78b1af7F3CC94b107F888d7E40bCD12** which is an intermediary wallet /w this txn - [https://etherscan.io/tx/0x3460eafd59762a34257a316c3a2cca8df5b7ee4c4c4445f6d0d235aa36b03d06](https://etherscan.io/tx/0x3460eafd59762a34257a316c3a2cca8df5b7ee4c4c4445f6d0d235aa36b03d06) There's a couple of deposit addresses here but your funds aren't in there. * 0xc5C4417Cee32E708Ac61C36D656b68402ff87ae5 - ChangeNOW * 0x0302A905F0Ca867646Df0c5F63c6C58F7Ce069cd - AlphaPo Your funds were sent to **0x97dc5b190FB6E8a793803191356aaf6475adf0a7** with this txn - [https://etherscan.io/tx/0x018c66886038db5e17585138643f5a98abe50d1e3047e0c198149f532b8ca82b](https://etherscan.io/tx/0x018c66886038db5e17585138643f5a98abe50d1e3047e0c198149f532b8ca82b) Inside **0x97dc5b190FB6E8a793803191356aaf6475adf0a7** I see a number of deposit addresses where your funds went. Based on the timestamps your funds most likely went into one or multiple of these three deposit addresses * 0x9C6D589B7e6Cea55138A3ea1E0AC615126290ED2 - Binance * 0xa888Abedf5Dff6E6051B7f983B43FC092471C166 - SimpleSwap * 0xaFe8243dC68B0fFfaf4F83a26d99bb33bB61Ebb6 - SimpleSwap This scammer appears to be doing most of his deposits in 20 ETH deposits. Other deposit addresses presumably from more victims include: * 0x13A4679A7A28D0d98Ecb773ac79cEf9B56294669 - FixedFloat * 0x70EB5a38786c83C8B185e3985b44E421Ca03F3Ef - exch * 0x1ca8a5f0816e07751963E5b0cDfe1b18d192dfbe - exch * 0x53c783259eAadADe777fC2d057D3fC0B30c3Dd7f - SimpleSwap * 0x754D98267d0351D842F0de1C28FA27D91c59949A - SimpleSwap This looks like some sort of phishing scam based on the recency of the transactions and other victims involved. Hope this helps!

notsetvin

60% of electricity generation goes towards drying clothes (not washing just drying them) and air conditioning. If people really cared about the environment they would do the right thing. Hang dry clothes. Be a little uncomfortable in the summer. Meanwhile, people wash and dry 12 loads of laundry a day, and leave the AC on 60 in winter. I hear one of my neighbors units struggling to turn on in the frost in the morning. Those same people "how could bitcoin ruin the environment!!"

WildRabbitz

My job requires me to sometimes work with crypto influencers, and I've met Ben at 4 separate occasions. I've never met someone more full of himself than Ben. He uses his "status" and would use that as a conversation opener with women. He would then get mad if a girl wouldn't recognize him or know who he is. He also smells like shit. He sweats a lot, and even though we were inside the restaurant, where there was AC, he would still sweat like a pig. There is no way he didn't smell it himself. It was like if someone mixed Axe spray with barn pig sweat and sold it to Ben. Now, thinking about it, it could be that he was high on something. Anyway, that YouTube live "show" he does where he "randomly" finds new projects? It's staged, but I'm sure most of you figured that out. Projects pay him so he can "randomly find" and soft-shill it. Ben is a scammer working with the same group of 3 individuals who go around the space and rug projects. (Fuck you, Fadi!)

Aromatic-Gas-6770

https://youtu.be/AJDkpUEXXGg?si=AC9GIRYlIQYqKkk9

coinfeeds-bot

tldr; Open Exchange (OPNX), a cryptocurrency derivatives and bankruptcy claims platform founded by Su Zhu and Kyle Davies of the bankrupt hedge fund Three Arrows Capital (3AC), is shutting down in February. Users are advised to settle positions by February 7, 2024, and withdraw assets by February 14, 2024. The closure follows a $2.7 million fine by Dubai's VARA for illegal promotion and a nine-year ban on the founders by Singaporean authorities for securities laws violations. OPNX's native token OX has dropped significantly in value. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

I_am_not_kidding

so was Alameda and 3AC. you just get here? take your money off of coinbase and stop telling people its safe to leave it there. good luck.

Scotchlover411

To quote AC/DC “ …and he’s got the biggest balls of them all!” It should work out well for you!

cshaiku

https://www.blockpit.io/tax-guides/crypto-tax-germany#:~:text=In%20Germany%2C%20cryptocurrencies%20count%20as,of%20600%E2%82%AC%20per%20year. Since you are not looking to cash out right now, simply hold them.

trufeats

The problem with this setup is where they're being sent to. It could be setup to send to send the funds equally to 3 different wallets corresponding to the private access for each individual. The problem with this is that if one individual died or lost their private key, the other 2 individuals lose that money altogether. They'll never retrieve it. It could be setup so that the 3 of 3 transaction sends the funds to a new 3 of 3 shared multisig wallet where they'll be able to draft their own transactions whereever they want and split the money how they decide. The benefit to this strategy is if all 3 people sign the transaction, then all 3 people must be alive and have access to their keys. The problem is a low risk of enacting the transaction with all 3 people to a shared 3-3 multisig wallet, and while the money is sitting there, and before they split the money, 1 person dies, refuses to agree to a distribution proposal, or loses their codes. If just one person messes up in this situation, they all lose ALL the money. -- As for the other benefit, the 3-3 tx would send to a 3-3 multisig wallet, the 2-3 tx would send to a 2-3 multisig wallet, and the 1-3 tx would send to a 1-3 multisig wallet. So there is some flexibility for codes lost or people who die before the funds are sent to a multisig wallet, but whichever tx they decide on and multisig wallet they choose poses a risk if 1 party decides not to agree to any distribution, dies, or loses their codes after initiating the first transaction to a multisig wallet. Now, I did a bit more research and it seems like my idea for a smart contract for a WALLET to move from 3-3, to 2-3, to 1-3 is not only complicated; it's impossible. Wallets can't have smart contracts as far as I can understand. Only transactions can. Here's my new idea, although it is much more complicated. Each party creates their own wallet that only they have access to. Let's say there are 4 people: A, B, C, D. There are 4 different wallets they own. I am person Z, so my money is in there. Their wallets have no Bitcoin yet. I would draft several different transactions. A tx equally distributing to all of them: ABCD. In case 1 of them dies or loses their private keys, I'll also draft tx distributing to ABC, ABD, ACD, BCD. In case 2 of them die or lose their keys, I set up txs for AB, AC, AD, BC, BD, CD. And in case 3 of them die or lose their keys, I set up txs for A, B, C, and D. This means there are 15 different transactions that need to be drafted. As for each transaction, every single one needs smart contract language to automatically change from 4-4 multisig, to 3-4, 2-4, and eventually 1-4. This is necessary, as the alternative is drafting 4*15 transactions... Ex: ABCD 4-4, ABCD 3-4, ABCD 2-4, ABCD 1-4, ABC 4-4, ABC 3-4, etc... So using smart contract language dramatically decreases the number of transactions to keep track of. Using this methodology, it prevents the problem of 1 party extorting another and refusing to sign the transaction unless they get a higher distribution (since only equal distributions are even possible). It also solves the problem of any party dying or losing their keys at any point in time. No funds are ever risked in limbo as they would be if they were ever moved to a permanent multisig wallet. The obvious con is the complexity of: - writing smart contracts that would transition a single tx from 4-4, to 3-4, to 2-4, to 1-4 over time - drafting the sheer number of transactions necessary to mitigate the risk of inheritors dying or losing their keys. If there are 2 inheritors, there needs to be 3 tx drafts. 3 inheritors= 7 tx drafts. 4 = 15. 5 = 31. 6 = 63. 7 = 127. This is all assuming equal distributions between inheritors. If there are varying distribution options, it increases this amount much more. It might be cool to create a software that could take each party's receiving address and public key and other necessary information to automatically draft all the possible transactions in a neat format with easily scannable QRs. Possibly even put each inheritor's name and have an option to click buttons to signify which inheritor died or lost their key, to quickly display the correct transaction which would equally distribute the money among the remaining inheritors receiving addresses. This would make it super simple for the inheritors who may not fully understand Bitcoin or may not be the best record keepers to figure out which transaction they need to use. Then the software could even show the block (and predicted date) when the chosen tx would be possible. For instance, an ABCD distribution would be available a lot sooner than an AC distribution would be, because ABCD can be done with 4-4 multisig, but the AC needs to wait for 2-4 multisig which may be several months or years later. But, there is one really big problem with this and all the multisig options. Inheritors could strategize with each other. For example, maybe C and D are really close, and A and B are not so close with anyone. C and D could choose not to sign the 4-4 multisig and wait until it reaches the 2-4 multisig to send all the money to themselves (CD receiving addresses), while A and B are still alive and helpless to stop it. But, this is the case with any decreasing multisig strategy.

NorrisMcWhirter

Partly because FTX was based outside the US, specifically to avoid American regulatory bodies. And partly because it was FTX that didn't consider customer funds as a separate thing, not the SEC or whoever. The actual flow was more like this: You buy BTC on an exchange that has custody of your funds. That exchange lends your BTC to their buddies Alameda, or perhaps 'invests' it in 3AC or Celsius or Genesis etc. They lose the money and/or go bankrupt. The exchange should not have lent your money away like that, and this would be illegal in tradfi. Your money went to fund Zu Shu's yacht or Alex Mashinky's lawyers. And now you're screwed.

baconcheeseburgarian

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Regular_Chapter_788

###Friendly periodic reminder Get your Bitcoin off exchanges and into a hardware wallet. Don't go chasing yield. Those offering you interest are swapping Bitcoin for absolute garbage to pay you shitty single digit yield. If it wasn't for them, Bitcoin would have reached $100K during the last cycle. They surpressed it's price, before declaring bankruptcy. Companies that have gone bankrupt in recent years are listed below. Many more are still around but secretly insolvent. Don't become another statistic. Nexo, Ledn 👀 Exchanges and yield earning platforms that declared bankruptcy since 2021 alone: - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2023 - Haru Invest - 2023 - CatalX Worse yet, when these companies went busy and paused withdrawals, when Bitcoin price was going down and triggered liquidation warnings, they asked those who used collateral to increase it and add more collateral. Not only did they lose the initial collateral, but also anything they added afterwards to avoid this.

chugalug101

God damn stinky Europeans with no AC

Complex-Knee6391

Because Devs have to implement all of it, and there's no magical 'convert' button to make an FPS gun apply to even another FPS, nevermind another game of a different genre. It needs creating as an in-game model, whatever effects it has needs to be coded, graphics for the shots, damage numbers, being balanced etc. even games in the same series may run off different underlying engines, so outfits from, say, AC1 can't be drag-and-dropped into AC-whatever we're onto now. And where's the money from the other dev to do this coming from? Even for big names, nebulous fees from transferring items around (which will be less than just selling direct) are unlikely to be that huge (oh, and this also needs to be ongoing, as new stuff comes out, so that's an ongoing cost). It's not a tech issue, it's a 'why would someone do this?' issue

Deep-Distribution779

If we’re merely a chequing account, sure why not. But it was TFSA, VISA, 3 different PLC, COMMERCIAL AC, RRSP, brokerage accounts, INSURANCE PRODUCTS, mortgage, RESPs, etc. It has taken weeks of my life to transition elsewhere. My bad for putting all my eggs in one. But I had no clue how I spend / invest my money was anyone’s business as long as it within the bounds of law.

Key-Ad-742

0x7D940bf5333dE0E59fEaecAf3c1a43F8C802AC4e

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/609B61E28A53C00C0C71816CA6E62C069AC5855B3425F1CF7629FA3F9E7F5BC1)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: ISO standards dictate that supranational currencies must start with an X. Hence [Nano's ticker being XNO](https://xno.nano.org/) and its currency symbol being Ӿ.

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/3845B361C0A4AC1C491ED5359698490CDB463249534BB021668A07F6FA8714A5)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: The anti-spam mechanism in Nano is the ['bucketing system'](https://senatus.substack.com/p/the-bucketing-system-prioritizing). Nodes put transactions in buckets based on account balance and prioritises by how long ago the account did their previous transaction.

Ilovekittens345

Turns out the exchange owner Mark Lamb had lied about everything and basically stole all the funds, and it was Roger that sued them, not the other way around. They settled out of court. And now all the coinflex victims are suing Mark Lamb and the creator of smartBCH, Jihan Wu is even pressing criminal charges. So it looks like Mark Lamb is going to jail. This is the same guy that partnered with the 3AC criminals, Kyle Davies and Su Zhu. I think one of them is in jail now, the other one is still on the run. I wonder if Mark Lamb is also gonna run now.

Frogolocalypse

> Show me evidence. https://old.reddit.com/r/Bitcoin/comments/18y634n/daily_discussion_january_04_2024/kgd49iq/ > Friendly periodic reminder > Get your Bitcoin off exchanges and into a hardware wallet. > Don't go chasing yield. Those offering you interest are swapping Bitcoin for absolute garbage to pay you shitty single digit yield. If it wasn't for them, Bitcoin would have reached $100K during the last cycle. They surpressed it's price, before declaring bankruptcy. > Companies that have gone bankrupt in recent years are listed below. Many more are still around but secretly insolvent. Don't become another statistic. Nexo, Ledn 👀 > Exchanges and yield earning platforms that declared bankruptcy since 2021 alone: 2021 - ACX 2021 - Mycryptowallet 2021 - Cobinhood 2021 - Bitgrail 2021 - Coindelta 2021 - EXX 2021 - VCC Exchange 2021 - WEX 2021 - COSS 2021 - Bithumb 2021 - BTCEXA 2021 - Liquid 2021 - Nova Exchange 2022 - Three Arrows Capital (3AC) 2022 - Alamada Research 2022 - BlockFi 2022 - Babel Finance 2022 - CoinFlex 2022 - Celsius 2022 - Zipmex 2022 - FTX 2022 - Freeway 2022 - Hodlnaut 2022 - Ikigai 2022 - Vauld 2022 - Voyager 2022 - West Realm Shires Services 2022 - Genesis 2022 - Myconstant 2022 - Digital Surge 2022 - Mine Digital 2022 - Atom Asset Exchange (AAX) 2022 - Midas Investments 2023 - Liquid Global 2023 - The Rock Trading 2023 - Silvergate 2023 - Silicon Valley Bank 2023 - CoinLoan 2023 - BKEX 2023 - Patricia 2023 - Haru Invest 2023 - CatalX > Worse yet, when these companies went busy and paused withdrawals, when Bitcoin price was going down and triggered liquidation warnings, they asked those who used collateral to increase it and add more collateral. Not only did they lose the initial collateral, but also anything they added afterwards to avoid this.

TissueUnflawed

> what exactly am I potentially telling the electrician Tell them what you read on the product page at bitmain.com > Power Supply AC Input Voltage, Volt 342~418 > Power Supply AC Input Current, Amp 30 --- > 3 pin 3 phase 240V/415V 3 phase, not 120V/240V 3 phase > that no normal fucking home would normally have No normal home would have a 18kW + normal daily use supply Your supplier needs to add 18kW to your incoming line, as 240/415, and your electrician needs to install a 415V/30A outlet for each Antminer

Regular_Chapter_788

###Friendly periodic reminder Get your Bitcoin off exchanges and into a hardware wallet. Don't go chasing yield. Those offering you interest are swapping Bitcoin for absolute garbage to pay you shitty single digit yield. If it wasn't for them, Bitcoin would have reached $100K during the last cycle. They surpressed it's price, before declaring bankruptcy. Companies that have gone bankrupt in recent years are listed below. Many more are still around but secretly insolvent. Don't become another statistic. Nexo, Ledn 👀 Exchanges and yield earning platforms that declared bankruptcy since 2021 alone: - 2021 - ACX - 2021 - Mycryptowallet - 2021 - Cobinhood - 2021 - Bitgrail - 2021 - Coindelta - 2021 - EXX - 2021 - VCC Exchange - 2021 - WEX - 2021 - COSS - 2021 - Bithumb - 2021 - BTCEXA - 2021 - Liquid - 2021 - Nova Exchange - 2022 - Three Arrows Capital (3AC) - 2022 - Alamada Research - 2022 - BlockFi - 2022 - Babel Finance - 2022 - CoinFlex - 2022 - Celsius - 2022 - Zipmex - 2022 - FTX - 2022 - Freeway - 2022 - Hodlnaut - 2022 - Ikigai - 2022 - Vauld - 2022 - Voyager - 2022 - West Realm Shires Services - 2022 - Genesis - 2022 - Myconstant - 2022 - Digital Surge - 2022 - Mine Digital - 2022 - Atom Asset Exchange (AAX) - 2022 - Midas Investments - 2023 - Liquid Global - 2023 - The Rock Trading - 2023 - Silvergate - 2023 - Silicon Valley Bank - 2023 - CoinLoan - 2023 - BKEX - 2023 - Patricia - 2023 - Haru Invest - 2023 - CatalX Worse yet, when these companies went busy and paused withdrawals, when Bitcoin price was going down and triggered liquidation warnings, they asked those who used collateral to increase it and add more collateral. Not only did they lose the initial collateral, but also anything they added afterwards to avoid this.

kosmoskolio

My personal opinion is that Wallstreet has been and is heavily in crypto for more than 6 years now. We just don’t see it in their reports as it is being covered due to legal risk. And make no mistake - if we had actors like 3AC, FTX, CeFi-s back in 2020, we’ll have even more this time around. Crypto is still an unregulated market. This allows for a lot more abuse without going to jail. If FTX hadn’t gone bankrupt, all of the shit they did would have gone under the table. The cops didn’t catch them, they just reacted after the shitstorm was present. But don’t get me wrong. I am not saying BTC will have a low top. I am saying we (the little guys) will once again be targeted by the bug guys. News will flash with titles like “BlackRock CEO says BTC will go to 500k”, etc. And when enough fish hop, they will pull the string and make their profits. The biggest problem here is that while BR can invest 10 billion, make 100% profit and exit happily, the little guy is looking for x10. So by the time BR is ready to sell, retail is just getting horny.