MM

fatlever2

I set a reminder for December 2025 but just an update that I am now up ~$200K on TRON since August including the rewards from staking and energy sales. > I had 3 ETH validators with accured rewards. I unstaked and converted everything in the first validator to BTC in 2022. I planned on doing the same unstaking a 2nd validator last month but ended up adding money and buying around 1M Tron's TRX at $0.125 on the 13th. As of today I am up 20%....We all avoid and overlook Tron because of Justin Sun. But I am in this shit to make monies. I'll exit if I lose 50%, otherwise I plan to ride this shitcoin to $1MM. RemindMe! 1 Dec 2025 https://www.reddit.com/r/CryptoCurrency/comments/1ewh8op/comment/lj1lqm3/?context=3 https://np.reddit.com/r/CryptoCurrency/comments/1f0jbj9/daily_crypto_discussion_august_25_2024_gmt0/ljvace0/?context=3

thistimelineisweird

FWIW, if we're going down this road, then it is not unreasonable to say Bitcoin shouldn't have a $2T market cap right at this very minute, either. But some people think it can go to $1MM per coin and hit $20T market cap in the very next breath. So either the argument is that market caps matter across all crypto, or they don't. Ultimately, you really only have whatever price people are willing to pay, what price holders are willing to sell at, and that balance averaged out over the total number of holders. So if people are willing to buy Bitcoin at $100,000 or $1,000,000, then its Market Cap reflects that. Same with XRP at $1 or $1,000. No difference really in why Bitcoin has yet to get above $100,000- lots of people selling offsetting those buying. That's all.

jomegared

Coinbase, MM connected to Uniswap, and then for the real degen plays telegram with BonkBot connected

thistimelineisweird

Market Cap = Price of Coin x Number of Coins in circulation. That is all. If you have a project with 1 trillion coins and someone buys a single coin at $1, Market Cap is $1T. If you have a project with 20MM coins and someone buys at $100k, Market Cap is at 2T.  It is not the sum value of all money in a project. Just what someone is willing to pay times the circulating supply. In traditional stock investing you can compare that to other company details like P/E, profit per share, etc. to get a better understanding of value and company health.  In crypto, not so much.  It really is just most recent sale price times circulating supply based on what someone is presently willing to pay. Still, high MC has optics because people compare to the stock market. Likewise, total circulation is important because 20MM vs 55B coins means there is a lot of potential sales that could circulate and influence price long term. 

b1mm3rl1f3

ETH whales have bought over $1B in the last 4 days. With an enormous, screen melting,snow bunny cup and handle on ETH. Inflows FLIPPED BTC inflows for the first time ever, with a record breaking $326MM vs 318MM with a 3 year compression tri. No matter which way you look at it, ETH js about to shake up the entire space, as it always has. It’s been an honour, guys.

Adventurous_Risk5598

And another option... Taking into account the amount assuming Bitcoin at +$1MM is to create a company where it allows you to take debt on the value of the company... In this case you deposit a Bitcoin as an asset of the company and put it into debt

IdentifyAsUnbannable

It will go to 1 MM, just not likely in 2 months. There are bad bananas everywhere and some people are just banananaaaaas.

soks86

If you're claiming I didn't do my research you're going to need a source. Nothing was clawed back, he paid back big loans to companies using stolen funds and those companies are not returning those payments and no one expects them to. Business liabilities trump investors liabilities and no one ever tried to claw that back. Yes, some funds here and there were but a lot of that were assets held with other institutions like Binance. The majority of recovered funds (99%?) were Anthropic stock he bought for \~$170MM that are worth tens of billions now.

skurey

Coinbase says view only. The others I don't think I can access in the US. Dex yeah I have to go that route but then I have to find a wallet to use cuz heaven forbid I can use my MM wallet.

soks86

Can you share your thoughts, because you're asking dangerous questions. 1. Can't be sure, it seems arbitrary, in my opinion it is a number that from 21,000,000 to .00000001 you can do math on it without losing precision in a 64 bit Double value. This is how fractions are optimally expressed. That's my janky theory and likely has nothing to do with the truth. 2. All of it is in the code, and in this case also in the whitepaper. The code is used to determine how much reward to give itself (a miner) and it is used when validating blocks (to ensure the new coins are in the amount allowed). Not sure if there's a reason 210,000 is related to 21MM, but 210,000 blocks is probably divisible into \~4 years. Maybe Satoshi had a thing for 21. Sorry, no sources here, just accumulated "knowledge."

MrMoustacheMan

You probably saw this list in searching? https://support.unstoppabledomains.com/support/solutions/articles/48001251443-which-wallets-can-i-use-to-send-crypto-to-my-domain- If you primarily use MetaMask you can also have domains resolve to your MM wallet, just need to install a 'Snap': https://unstoppabledomains.com/blog/categories/announcements/article/metamask-snap

DeoVeritati

I'd say I bought in kind of early circa 2017. I could have bought more but didn't, but I made decisions using a risk-based approach to the best of my abilities at the time. Hindsight is always 20/20. Could things have gone better for me had I made certain decisions? Yes. Did things end up far better than anticipated based on the decisions I did make? Also yes. Do I still check my portfolio frequently? Yes because it is fun. I didn't check it while it stagnated for a couple years, but now it is fun to engage with the community again, see the FOMO, and re-live bull runs. Do I check percentiles of wealth? Yes because I want to know where I'm at, particularly when 1 in 15 Americans are millionaires. Do I use percentiles of wealth to change my financial goals? Nah. Once I have $2MM of investments, my household can perma-retire. There is low risk of that fact changing. Is money everything? No, but it sure fucking helps. With it, I can regain 40 hours every week to do whatever I want. Maybe that'd be focus on my health, get a PhD for funsies, play video games, open a bakery/ice creamery, host d and d game, paint miniatures, etc. I'd consider myself wealthy but not lottery-winning wealthy. People don't look at me differently because I don't flaunt wealth and live humbly, but I never have to worry about losing my job because I could find one in a year or so it'd take to drain the emergency fund. I never have to worry about unexpected expenses because we can cover it or insurance can. I don't have to worry about the unexpected which is liberating.

Borkules

Haha, tl;dr: -owner has been awake for 48 hours promoting the coin -one of the most stable coins on the Solana (SOL) market -owner wants to develop this into a $100MM market cap coin -owner has not sold for profits, has burned plenty of ($DK) over the last 40 hours. -strong community

compute_fail_24

California Prop 13 is potentially the worst thing that happened in state history. Schools are closing down in my area because of lack of funding, while old fucks pay 1k/year property tax for a 1.5MM home

Working_Break_8850

We just used our IRA Roth in Schwab and diversified our 30k portfolio into crypto related stocks. Most of it is in IBIT, next ETHA, then Coinbase, MSTR, and Riot. We have 300 shares of IBIT, and if BTC gets to 1.5MM, we'll earn a little over 900k in IBIT. So yes - very good investment if BTC goes where we think it will.

Smiling_Jack_

If the MM extension is disabled, and Rabby is enabled, then Rabby will connect in place of MM when you choose it from the list of hot wallets supported by the DApp.

JazzlikeEmotion7367

Missed a 0. It's $40MM

El_Peregrine

*If adopted the US will need to buy already mined coins. How many bitcoin owners are willing to sell?* I'll sell them a couple, at $1MM each (now, not in 10 years).

JustStopppingBye

Does anyone stop to think why MM are throwing so much money into nothing?

AutomateDeez69

That pizza is nearly 700MM dollars right now.

soks86

Who will sell them $36,000,000MM worth of BTC? Who will buy it back? There wouldn't be any selling, they would create USD against it. It cannot, in itself, pay that massive debt but it can help balance things out.

goodupvote

Crypto can be really volatile and as a LP ive just accepted that Using uniswap v3 lately and now eyeing on Liquidlama for its dynamic fee and leverage driven MM for short and long term delta positions You should be really watch the market closely fr or gonna loose all.

NotCoolFool

Utter waffle. Markets see supply shocks all the time, some everyday, a supply shock happens when liquidity drys up at certain levels causing price to “jump” to the next level and this is facilitated by MM’s controlling inventory available. Supply inventory may be dropping but the order book and matching system have (so far) never failed. Shithouse posts like this imply there is no liquidity and all of a sudden Bitcoin is going to somehow become scarce hence causing the price to “shock” to the next level. That hasn’t happened yet and likely will not happen until such point that the supply is owned by people who have no intention of selling it at any price. It is you who doesn’t understand what you are spouting.

RetroGaming4

I honestly don’t think that $1MM by 2030 is impossible. But $1B by 2032 is ridiculous.

New-Sky-9867

I'll keep that sink outside for now. Maybe I'll let it in when it hits $1MM

No_Trust6310

Down 95% from starting val in an initialization without their soon to be product (always wildly speculative); 150k volume thanks to the Bing hack/ reduction in MM activities post doj-indictment rocked cryto liquidity world, and lots of others’ vol went down because these two as well. People will be forced to look at it with quantum threat (QT) looming. In CTO/ founder’s interview with bitcoin.com, he states: “Centralized authorities like governments, companies, and organizations can switch their IT security to post-quantum cryptography much more easily than blockchain platforms. People often overlook that blockchains are decentralized. Existing public blockchains like Bitcoin, Ethereum, Solana, etc. cannot adopt post-quantum cryptography without significant user impact. According to Vitalik Buterin: “few users would lose their funds”. Pseudonymity of blockchain will backfire at post-quantum migration because it will be impossible to tell legitimate owners migrating their own funds and data or hackers stealing all of it apart. In this case, billions of dollars worth of “free money” and data could land in hackers’ hands if they start migrating on the real owners’ behalf making the affected blockchains immediately worthless. There is simply no secondary authentication mechanism to prevent this from happening in case of already running blockchains.” (https://news.bitcoin.com/existing-blockchains-cant-adopt-post-quantum-cryptography-without-significant-user-impact-says-johann-polecsak/) Existing tokens can do a hard fork to become QR, but the user impact would be significant enough to be *completely* destructive. Pre Q-day, addresses that are inactive/ do not receive news in time and fail to migrate in time would ENTIRELY lose their funds. Post Q-day, there will be no way of telling legitimate owners’ funds from hackers’ during a migration, rendering the currency worthless through hackers’ dump/ complete lack of trust in community/ regulatory pressure in the criminalization of the chain (knowing the extent to which funds are illicitly obtained in hack.) A secondary authentication system ruins the entire purpose of cryptocurrency and could pose extreme user-danger. So, we are in the Pre Q-day scenario: What might be some of the difficulties in migrating? To start, even seeing this as a threat is needed. With the integration of large asset management firms within the crypto world, a retail philosophy that one can get rich without dyor or even remotely understanding their investment, and a media circus that knows covering this threat will only degrade viewership ratings, their ideal in place of truth — we are becoming increasingly leveraged, unable to back out in any way, of a known looming catastrophe. Without active threat-perception from all involved parties, we will have no action… Reason being, blockchain is built upon consensus mechanisms; parties need to be in agreement. With an increase in the diversity and leverage of holders, the disagreement that would be catastrophic to a chain’s life would be a certainty: Cryptos would die in paralysis from indecision over aspects with an incredible range of impacts like which QR algo to hard-bake (instead of having Qan’s Xlink), how long to set a bridge for (knowing that many long-time users will get left behind, eroding community faith in the project & leadership), how to time the migration start to optimize their own cost/benefit analysis. In the case of BTC, Jameson Lopp predicts that best case scenario for BTC: Full agreement of everyone, BTC not used for anything else is 1/2 a year. Obviously, this is not feasible: He believes we should assume that it will take many years for a BTC migration to PQ cryptography to occur. (https://www.youtube.com/watch?v=MTUzpR_mxAg) Now, what if many experts are predicting sufficient qubits come 2030🤯?? This timeline might even begin to creep up on us 😳: https://arxiv.org/abs/2306.08585 RE: actually looking at it Eventually tier1 CEX’s will have to contend with the QT. Creating a QR page or labeling will be in their best interest as narrative heats up & people become hungrier for a token that is QR, given that Q-day would trap funds w/in digital world as a run on fiat would halt all institutional withdrawal; QR’s would balloon with incoming funds. Don’t even need Q-day to actually happen so much as we just need an announcement by a reputable state actor/ firm that they have cracked. When we get in the range of possible qubits, this announcement will always be on the table.. The CEX’s know the threat even though they’ll play it down; who can blame them, after all, they should ride the elliptic curve train until it’s run out of steam and jump ahead to the next. Having a channel for them to ensure THEIR OWN funds are secure in the case of this event is also imperative. Bargaining adv should change within the next 1-1.2 yr based upon the rate of narrative development we’re seeing? When it does, think we will be essentially guaranteed all major CEX’s. Into sol early 🤝🏻 Next train Qan 🚊 Boarding: 👥 (that’s us btw, in case you don’t notice 🥰)

Ok_Firefighter4282

One time a few years ago, I had this girlfriend who was doing everything she could possibly do to get me to marry her, I didn't, because I wasn't ready. Now she has a Master degree in Architecture, makes 200k+/year, and is married with 3 kids and lives in a $1MM house. Would I have married her today? Yes, I would, but I didn't, and now I have no wife. Coulda, WOulda, Shoulda. What's the pint of this post?

SayNoEgalitarianism

It's hilarious reading comments here from people with less than 1 coin thinking Bitcoin is going to make them rich. Even if Bitcoin overtook Gold, that's only a 10x. That's not rich, not even life changing for most of us. Bunch of insufferable pricks here thinking 1 coin is going to be worth $10MM in the next decade lmao.

DefiantAbalone1

OP, conservatively speaking that 1 btc will be worth ~$2.5MM in 25 years.

themoop78

The only thing that will shock me is if BTC hits $1MM this cycle. Every last bull run top has shocked me. This is my call.

JDpantz

At this point 100k is within throwing distance. No way they don’t let it even touch it before a major dump. MM keeping it away for now because of the etfs. They don’t wanna buy until T+1 when it goes lower

cl3ft

Where are you pulling that figure from? I'd calculate it as 144 blocks per day x160k means a sustained average excess of 72MM per day inflow will get us above 160k price as that will absorb all mined coins and the price can only go up from there to meet demand. If it drops below 72MM per day it'll drop to whatever the sustainable amount is (daily inflow/144).

DeviljhoFood

If you live on a computer, like me, the problem is that it sorts in a wacky order. YYYY-MM-DD is the way to go in the digital age.

DeviljhoFood

Using MM.DD.YYYY never makes sense.

Ok-Occasion2440

I agree because more and more people see it as a hold. All it takes is 1 single crypto winter for the MM and hedge funds and elite and smart money to screw us all out of our bitcoin. Think about it- everyone assumes to play the crypto winter and sell portions of their holdings before and during the decline but what if the decline is fake and the MM and hedges buy it all up. Suddenly they take a huge leg up over retail who just lost their entry point and some will continue to wait for an entry point that never comes.

tippiecat

So you have $9.5MM? And your wife doesn’t know? I think you need to tell her tonight. And start enjoying life.

Ok_Technology_7811

MM making the sideliners fomo, retrace will be soon I expect just be ready for it.

MichaelAischmann

Create a new wallet with MM, move some EMBR there & try it. If everything goes to plan & you gain confidence, you can either move all EMBR in that second wallet or connect your primary wallet. Generally speaking multiple wallets help you manage risks.

Diggery_Doo

Rate cuts and election being decided = rise in price + fomo of historical patterns after halving and elections. But then factor in the hedge funds and MM trying to control this beast we have all created.

vinny_conswego

Hmm, my calcs show $7.42MM. Still awesome. But BTC isnt likely to maintain a 72% CAGR over the next 15 years. I would assume more like 35-40%.

soks86

I'd be careful watching this nonsense. They're calling the CFPB the enemy, absolutely nuts. If Mt. GOX wanted banking services they would have used it. Tether doesn't avoid Chokepoint unless you're committing crimes. It's all nonesense. Coinbase has had access to banking services this entire time, no issues, real simple. Their unbanking example is the bank account of someone violating securities laws. So many generalized statements regarding left/right politics. FTX was committing violating US laws that Binance was also violating. They reference a statement by the White House being some attack, billions of USD were stolen from Americans, how is this not an issue that deserves a statement or response? Also, I think it's clear to anyone in the know they weren't warning about BTC. Also, pensions hold BTC without issue and no one is stopping them. Sherrod Brown didn't do anything to hurt BTC nor were any of the cited issues in this video related to BTC or anything but protecting the average American. Then they mention Binance again, I mean, this entire video needs a line by line "why is this shit stupid and missing the point" because it all does. Tip of the day, laws have existed for hundreds of years and you can't just pretend your new tech lets you rob people without retribution. Then they suggest someone with $39,000MM of business will not mind losing their business because "They're not crypto." This is some smoothbrain shit right here.

b1mm3rl1f3

\-ETH is like 'amazon in the 1990's' - 21Shares \-State of Michigan becomes top 5 holder of ETH, becoming the first state pension fund to buy ETH \-$725B Bernstein predicts $200k BTC by end of 2025 regardless of election \-Saylor to buy $40MM of btc a day for the next 1094 days, Blackrock alone has bought $101MM a day for the last 300 days and there is only $31.5MM worth of btc mined per day. \-'Bitcoin now has the same amount of users as the internet in 1997. From 1997 to 1998, the percentage of internet users jumped, from 1.7% of the world population to 3.6% - Blocktrends

Peter4real

Only Americans seem to make this claim. And it’s just blatantly wrong. Denmark is usually mentioned as the “best” socialist country, and along with other socialist countries they rank MILES ahead of the US in financial literacy. A recent study showed that the U.S. ranked 14th in the world for financial literacy. Only 57% of adults in America are considered financially literate, which is considerably lower than the top three countries. An astounding 71% of adults in Denmark, Norway and Sweden are financially literate. https://finance.yahoo.com/news/world-richest-guess-where-us-110112590.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAKTCyz7uFhyiA6cQJ6w4l7io09wh0NC1YdSEwJBLQ4tXbVysTPV1MM49pgWGmLmaQs_2BKs3XUGqccWA0ToTsuydQ9KLwa53JyQimBLDuZEc4rg-0d6J19zhz1HIK1qRgglcaBDP6YJ3dFzvROctJIJd9JaJvhpXjN2_ReBxyuxK

thistimelineisweird

Well, Polymarket isn't even available in the USA. So it's likely outside people gambling. $20 MM for free marketing is a small price to pay for some who have an agenda. Also, keep in mind on Polymarket you can cut your losses early. They could've put $20 MM in when it was 50/50 and still take out a whole lot of that as it gets closer.

Over-Attention53

In 10 years it'll be around 16MM, so a lot will probably sell before then and there's nothing wrong with that.

thistimelineisweird

No no video number two is 100k. Then 1MM. Then 1B!

stiizy13

Lmfao volume has not indication of liquidity. Holy shit. Meme coins?! You all are worked up over a shit meme coin with no liquidity. You probably don’t even know how a ducking MM works yet you’re saying someone that has provided data to show you there’s no liquidity , doesn’t know what he’s talking about? Stfu and go buy some more doggy coin and Coinbase and keep it there.

Leboom1289

I dont fucking get it. Houses where i am from are $1MM plus. How many bitcoins do ya'll own?

SevereArrivals

Got a bit sick of Metamask and how hard it is to have multiple wallets on there. Is there a browser wallet you guys use that can be used on Brave and is better than MM?

Sea-Tip-2585

i saw posts about [blockchain.com](http://blockchain.com) here recently after purchasing on it from metamask. Am i at any risks, the eth is currently in MM wallet. I provided my last 4-ssn is there anything i should do to protect myself?

Deliverah

You’re assuming this is the peak price and adoption and that and there’s no further upside. If btc continues on its trajectory to $1MM/coin it’s good for everyone (it’s not “too late” man) and would continue to be the best investment vehicle of all time.

RedRedRoad

I still find the most reliable pair for reading volume is Binance. I analyze volume on the 5 second time frame to identify market manipulation. You’ll see the moving average volume (on 5 second chart say for example 0-1 BTC per 5 second candle). Suddenly you’ll see a 100-150 BTC buy / sell on a 5 second volume candle when it’s in a sideways range. To me this isn’t retail traders, it’s manipulation from the exchanges and MM forcing price towards triggering off futures stop loss orders. I’ll try to post an example of this for you.

etherd0t

If you have your MetaMask recovery phrase, you can import your wallet into another compatible wallet app like Trust Wallet, MyEtherWallet, or Zerion. Or..access MM via a new device or browser.

WSBiden

I think the headline "Tesla sells all bitcoin" would do more to the price than a relatively small sale of $777MM. That's nothing compared to the amount MicroStrategy has bought this year.

riseturicum

You are right about the price targets. Even though I believe he is spot on with his thesis on many things you have to take it with a grain of salt. Not follow certain price predictions blindly. Also I don’t think all his picked meme coins are winners or will be. He is obviously also pushing the ones he is invested in. He already made it and holds about 24MM in these memes. I think you can take good things out of it and dyor on some of the coins he is pushing. But, just like with most of the things on crypto twitter, be cautious and have your on strategy.

Shoemugscale

Exactly this! Forgot about the Roth side! My opinion, if you have access to a MM and are not comfortable with crypto and crypto concepts etc. Then use the etf, you get the benefits of btc gains without some of the self custodial risk. Yah, not your keys, not your crypto but at the end of the day Blackrock ain't going anywhere, like FR, they are worth 160 billion with almost 12 trillion in assets under management, i think your single btc is good 😂 BUT, that being said, if you think everything is going to shit and the world will fall into cyber punk dystopia where your wallet is integrated into your arm and btc is commonly referred to as "credits" well, you may want to self custody lol

ST-Fish

I feel like K meaning thousand is way more widely used, so the usage of MM, as if M was the standard we use for thousand just seems hella confusing.

soks86

Like the dude who made $300MM on Tesla options then lost it \_all\_ and is suing his broker who had simply assumed he knew what he was doing since he made $300MM. Nope, just options.

ST-Fish

Wait, how would $10M read as $10,000? Is it not $ (dollar) 10 (ten) M (million)? I've looked around and found people explaining it as M being "thousand" in roman numerals, and MM meaning "thousand thousand", or just that this is used in accounting or banking or whatever. It still feels pretty dumb to use M to signify it if we all use it to mean "thousand". Where the fuck is the M in thousand? Thanks for answering though, quite peculiar way to make a counting system tbh.

doives

>You can end a business without declaring bankruptcy. Thank you for explaining the obvious. The fact is that it's typically the businesses that take on more risk in the early days (e.g. via loans, investors etc.) that are forced to file bankruptcy. But statistically, it's also those businesses who, if they succeed, tend to reach $10M+ valuations. Additionally, those businesses tend to require significantly more startup capital (hence, the risk, and bankruptcy, if they fail). Since most businesses in the US are small businesses (e.g. landscapers, shops), they don't seek multi-million Dollar valuations. And when/if they fail, they just close their doors. That means that most businesses don't close via bankruptcy. But some people (especially in the tech and real estate world), aren't interested in remaining small, and aim to launch businesses that can grow to MM or enterprise levels. And yes, depending on the industry, that often means taking on significant financial risk. Trump is one of those. Context absolutely matters, Mr. Obvious.

ST-Fish

quick question, why do people use 1MM to mean 1 million? Why not 1M? Or did you mean something else by it?

b1mm3rl1f3

BTC just broke 217 days of consolidation and ppl still doubt $100k lol. IMO any targets that we had should be adjusted. Weak hands/retail sold to institutions, bitcoin OG's and diamond hands with much higher targets. BTC google searches fell off a cliff. Top of this cycle prob $700k-1MM

jagaloonz

I made a few million. Bought a house, a car, a shit ton of furniture and art. Wife and I divorced a while later, but in the split, sold the rest of the crypto to buy my own house, so now we each have a home, a car, fully furnished cars and no mortgage payments. We (mostly) happy. In total, I've paid almost $1MM in taxes.

Ok_Firefighter4282

you don;t. You hold hold hold and see $1MM+ come to fruition.

MaeronTargaryen

Hi, thank you for doing this AMA, can you tell us more about your partnership with MetaMask? What features does it being? Is it exclusive with MM or are you hoping for partnerships with other major wallets in the future? Do you have any partnerships with hardware wallets, or are you planning to?

erizi0n

Well, not if you import a wallet to an existing MM account, but that’s not the case obviously, neither a new guy knows how to import a wallet nor even of that existence possibility.

Calamero

It would be extremely poor UI and security design if it were true, but in reality that’s not how the scam works. Seed phrase is basically a representation of the private key of a wallet instance in MM, it is unique for every wallet.

etherd0t

>I wasn't talking about Metamask. \[...\] You were clearly talking about MM... GTFO😂

MichaelAischmann

I've seen Rabby recommended very often here. What annoys you about MM?

Chutney__butt

2.5MM Satoshi 🙇‍♂️

Simpleton_24

You say that there at 19.76M BTC in circulation but you are not addressing the well documented 20-30% that has been lost. Why not? Also, right now, there are approximately 30MM+ owners of BTC. There are 8 Billion people in the world. Let's say we only look at the 300MM people in the US. That would mean only 10% of people own it. I think what everyone is missing is: It is not the "safest" asset if 20-30% is missing or lost. For it to be adopted as a means of exchange or some type of fiat replacement you need to convince 90% of the US to own it. Also, for prices to go up, you need both supply to shrink or be limited (which I understand) and DEMAND to go up. The only reason I have heard for increased demand is to protect people from the depreciation of the USD due to inflation. However, you price your BTC in dollars. Therefore when the spending power of the USD goes down, so does your BTC. The argument to that is that BTC will only go higher, offsetting the depreciation in USD. However, if it is not going to be a MOE and only 10% of people own it, where does the demand come in to drive the price higher? I understand people have made a lot of money on this, however, the future value is only based on hope and the faith that someday it will hold some type of leadership position in the global economy. If only .375% (so 1/3 of 1%) of the population have it or only 10% of people in the US own it, there is no way it will grow into anything significant when there is only 10% left to be mined. It would have already happened. I understand these are unpopular positions, however, I welcome the discussion and am happy to learn something if I am wrong.

crumango

There's a good point at the end of this blog post about Satoshi using a British date format (DD/MM/YYYY) and perhaps being a student: [https://medium.com/@insearchofsatoshi/the-time-zones-of-satoshi-nakamoto-aa40f035178f](https://medium.com/@insearchofsatoshi/the-time-zones-of-satoshi-nakamoto-aa40f035178f) So maybe a British student in the EST timezone. Which doesn't make him easy to find because per stats, approx 1% of all foreign students in the US are from the UK.

JohnWukong72

Thanks for the knowledge bomb bro. I feel much better with my staking now. Also, MM is a massive pile of ass, but there is a new one now, Rabby, that removes almost all the ballache from MM. It remembers the network of the dapp, so you can be doing things in 5 different tabs on 5 different chains without problem. Lots of other little quality of life things, and it works 99% of the time on any MM compatible sites.

0ne_too

The out of a top 25 thing is more of a just in case. Couldn't tell you the last time that was factored into a drop. In my 4 years in i've seen it maybe once and it was just a you got slightly more for having delegated out of top 10. They just snapshot your total amount staked. Correct in having it staked 6 months ahead of silly season. You never know when snapshots are coming. Keplr and osmosis are my favorites as well. the ui and ease of use are top in class to me. I can get around MM no problem but switching networks for every different app is a bit tedious. And osmosis has a ton of non-cosmos coins like btc, eth, pepe, dot, matic, fetch, sei, you can have bags of if you want to swap for. It's pretty great for sure.

Glittering-Path-2824

The reveal was superb. Yes I know a lot of folks here don’t think it’s Peter Todd. The signs and the gotcha moment does point to him being ONE of those responsible for Bitcoin at least. Also the pure idealism extending to the necessary sacrifice of 1MM BTC to ensure the credibility of Bitcoin without the ability to bring it crashing down in the future was the most interesting part for me.

JohnWukong72

Thanks. To clarify though, my question is whether amount per Validator matters. I heard the top 25 sometimes don't get airdrops, or something like that, so I was careful with choosing them. But, would I get the same airdrop with 200 ATOM in one validator as 5x 40 ATOM in 5 validators.... or 10x 20 ATOM, for arguments sake. Is there a minimum per validator, or does it just snapshot the total amount staked (regardless of number of validators)... and if so, why do we need to avoid the top 25 ones. Apologies for confusion, just struggling to find info on this - hence Reddit, the last bastion of actual knowledge. also re: airdrops; I agree they have dried up a bit. But also, they will start launching once silly season starts again, and the airdrop snapshot dates will probably be 6 months before hand. Suggesting it's better to get sat cosy in Atom when no drops are coming, and start scaling out of Atom once a big airdrop lands and it causes a bit of a demand spike from envious people. Also, just how much nicer is Keplr/Osmosis etc to use than MM or even Rabby?! I'm really blown away by the UI and general ease of use.

TwoTinyTrees

You know exactly what you’re doing by posting this with that title. Such misinformation. It’s a tax on people worth more than $100MM, and you certainly aren’t in that camp. The “fear” is that it would trigger a sell off from the largest investors, but it is not a tax to all crypto holders. From the article itself, which is dodgy at best: > Harris and supporters of the proposal, first introduced in President Biden’s last budget proposal, have defended the tax as a levy on Americans worth more than $100 million. The wealth tax would “address substantial inequities in our tax system,” one White House official responding to the furor told Axios. But the plan would hurt all investors by encouraging a sell-off by larger investors to fund their tax payments. This sell-off would drive down the price of cryptocurrencies and impact returns for everyday investors, including those who have only invested small amounts in the hope of improving their economic situation.

wow247897

MM’s will never let this ride

Pantzzzzless

I don't think you understand how quickly the market can actually react. If someone dropped a $1B buy order on *any* exchange, that would trigger some otherworldly movement. Limit orders would pop up at $100k, $200k, $500k, $1MM, within seconds. The ~16,000 BTC that they were trying to buy in one sweep, will pretty quickly be 500-1000 BTC. The price would hover around $3-4 million for a few seconds after their shopping spree is over, then quickly drop down to ~$100,000. Where it would likely remain for a while if something that crazy happened.

GabeSter

> 2/6 While these whitelists are currently open to accredited investors in the US and all non-US persons, we are not turning our backs on the everyday American. [Source](https://x.com/worldlibertyfi/status/1840776609164407284?s=46&t=_XdO1MM-IScHom7IthfJPA)

gamefidelio

Wash trading is happening even by MM on top Cex like Binance so even easier to do with bots on chains.

Chemical_Bet3571

it's a good addition for a MM guardian which is lacking of updates imo

Frequent_Finance3904

DCA is that you spread your investment instead of buying everything at once. Say you want to invest 1MM in btc. DCA means buy 1/52 of 1MM every monday for a year, or 1/12 of 1MM every month, instead of buying 1MM all at one. Apart from that, I think what you have to think is: if I dont invest in BTC, where do I want to invest? Is it better or worse...

No_Satisfaction4339

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