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Who those who think these fakes only exist for BAYC, think again. I’ve seen many of these fakes, even for our very own Reddit NFTs. Some bastards will make a whole new collection name, copy the background picture, copy the collection picture, copy the collection description and then list an avatar NFT with the exact same name like Ancestral Tree #233. I’ve seen this around 5 times now, and I almost fell for one when I thought I was getting a good deal - in reality I was getting scammed. Word of advice, check the collection ALL THE TIME before buying, especially if the price is too good to be true. Real collections will likely have a ‘verified’ sign just like on Twitter, that’s how you know they’re legit.
The way our fractional reserve system works, the central bank **must** print forever, at an ever increasing rate (exponential, not linear). Here's why. In our fractional reserve system, money is created when loans are made. Money is destroyed when a loan is either repaid or written off (as a bad loan). The borrowers agree to repay the loan balance *plus interest*. **There is never enough fiat money in the system to be able to repay the loans plus the interest.** Where is the interest supposed to come from? New loans! New loans means more money creation. More money means more interest is needed. More interest means more money means more loans means more interest ... **MONEY PRINTER GO BRRRR!!** Inflation, then hyperinflation. Eventually, it all collapses. Hyperinflation destroys the currency. Everybody suffers except the bankers, their families and their cronies. The bankers have no fear. They'll just do what they've always done, so many times in the past. They'll pick one: * Issue "pesos nuevos" ("new dollars") to replace the old, at a ratio of, say, 10,000 : 1, then repeat the entire cycle, victimizing the next generation or two * Issue the same kind of bullshit "money" but under an entirely different name, say, "central bank digital currency" * Have the government replaced, where the new government issues the same kind of bullshit "money" with a different name However, THIS TIME we have a choice. We can separate the money from the state. Separate the money from the banks. We have a viable and effective alternative to unfair fiat currency, namely, Bitcoin.
Everytime I invest a small amount into an alt coin it suddenly goes up by like 20-40 percent in a short period of time. EVERY SINGLE TIME SMH. It makes me think. If I put in 1k I’d get a few hundred in profit as a return. That’s not bad at all.
people warned me back in the day about the dangers of day trading, but I thought I was smarter and I would fall for the common pitfalls. how wrong I was . . not for nothing we learn sooner or later that **TIME IN MARKET BEATS TIMING THE MARKET**
Thats Totally False, Ive lived in this country my whole life, THIS IS THE BEST TIME TO BE A SALVADORIAN! I finally feel SAFE! Probably you've never walked out to work with the sense that TODAY you might not return alive.. I LIVED LIKE THAT FOR AT LEAST 20 YEARS... so DONT YOU COME TO SAY TO ME THIS IS A BAD THING. You have probably being Fooled by fake news, I on the other side, can say that I can FINALLY LIVE WITHOUT CONSTANT FEAR OF DEATH.
I'm not using leverage, I'm not going to be out on the street, I work a day job and purchase when the DCA schedule allows, I'm a permabull because I'm in it for the TechNine. Am I down? BIG FUCKING TIME, but I don't mind, I just keep stacking
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The problem is that people don't actually use Cardano; they just read the headlines. I'm a Cardano dev, so I'm a bit biased, but transactions get settled near instantly, i.e., in under a minute, and you can of course do a lot more in one Cardano transaction than in one Ethereum transaction. Not only that, the L1 is getting faster thanks to IOG's efforts while AT THE SAME TIME there are companies like [Orbis](https://orbisprotocol.io) that are exploring novel scaling solutions like zk-SNARKs. Cardano will be more scalable than Ethereum or any other chain in the long run, while also maintaining decentralization, b/c it's designed in a way that actually solves the most challenging problems in the industry. I have less and less faith in the Ethereum community as time goes on, as it's becoming increasingly apparent that it's all a bunch of centralized bullshit glued together by VC money.
So you're saying...if fossil plants aren't on the grid, then we'd need to turn on more stuff, and mining would be the saving grace? Wtf, lol. That would never be the case. It'd be put into pumped storage, which is actually what happens with most of our green, off hours producing, plants. Or if we were genuinely putting "too much" power on the grid, it's not some magical line that comes from solar/wind to the grid that can't be seperated. There would *never* be a time where we could potentially blow up the grid by putting too much power into it. You can literally open up a breaker to an entire solar plant (we do it ALL THE TIME for maintenance). You literally can turn off the inverters and open the output breakers...there's no 'unable to remove power from the grid for renewables. This is not a thing. Source: have worked as a load dispatcher, as well as at multiple power plants, to include switching.
Just to add, /u/Reddit_LOLOL , if you use Kraken, CALL THEM AHEAD OF TIME at their OTC desk. They have basically a concierge service for large trades. Preclearing KYC/AML on the funds so you don't end up getting stuck for months dealing with customer-service bots, making sure that the transfers are accounted for quickly and properly.
Good on him for humbling a piece of shit like Do Kwon, HOWEVER, he's pulling a Do Kwon when he dangles the piggy bank in front of institutions that'll rip him a new asshole if he's not careful. As much as we hated shorts last year, I think they are a good top and bottom indicator to study over moonboys and influencers who run around like clowns howling "BTC TO ONE GAZILLION DOLLARS THAT BEST TIME TO BUY IS NOW". GCR has kind of earned his seat at the big kids table to be taken seriously.
Nobody is gonna say shit to you when things are going good. But you can be damn sure theyre gonna remind you about it weekly or whenever they see some clickbait about how crypto is tanking, EVERY. SINGLE. TIME. Best to just keep that shit to yourself. Act like you went through that phase and you sold off your portfolio so that you can stop having to hear it.
I wish I could say it was a handful but the number of these... what I can remember now: LUNA (was huge on it, couldn't even sell since it was staked), a huge number of BSC shitcoins like Titano, Jade, Fino, safemoon (yes I was really that dumb then), etc., rebase tokens like TIME and KLIMA (stayed away from OHM cause of gas fees, I'm so glad I didn't lose even more money), etc. There are several coins too, that haven't gone down 90%, but quite a lot- XRP, XLM, ALGO, WAX etc. Even diversifying didn't help in this market.
All the Very Wealthy rich folks reading this thread are laughing BIG TIME right now!! Why? Because no rich person invest in Properties, land, Cash, stocks, Corporations, Bitcoin…..etc..as all of these bullshit can’t do shit for a wealthy person. The very wealthy invest and stored their money in YOU!! The HUMAN!! Now..now..they’re not laughing anymore. Human was and is the best cash flow. They buy it by the populations. Yes, I see, you ain’t laughing now either. This thread is about to get shut down in a bit. LOL!! J/k ya know I’m only kidding…I think I saw this in a movie!! LOL forgot the name of it! LOL
Because those clowns do not keep up to date with the wider world. All they hear is ETH developments happening soon OMG MOON TIME! Things are going to dip again soon and that will be the final death for this cycle. Zoom out far enough and it's almost a textbook carbon copy of the last time. And before someone says the past does not influence the future, I'd just say look at how close it's mimicked things and prove me wrong
Yeah that’s what gotcha. I am about as obsessed with security as anyone. I have complained multiple times to centralized exchanges without good Whitelist options and I refuse to use them. Your best defense against hackers on a custodial wallet is a hardware wallet and utilizing your 25th secret word. There is no reason to not use a hardware wallet even with your hot wallet… it’s still pretty convenient these days… Your best defense against hackers on a centralized exchange is TIME and communication. Whitelisting give your time, communication alerts you to a breach, if both are working correctly you are safe. A lot of people think that 2FA on an exchange is your line of defense to ensure people can’t move your money off. It’s not 2FA should be used as a defense so hackers cannot change your whitelist settings. Whitelisting is your defense so people cannot move your money off. This is why I like and trust Gemini. Their whitelisting is top notch and takes 7 days to change. That means that if a hacker does get into your account, the only way for them to send your money to themselves is to change your whitelist options, and you get a lot of communication any time those options change. So you have a whole week to figure out what happened, cancel the changes. Change your password and make sure everything is back in your control.
don't have to do much with the perfect property. the fact that TIME is ticking away will create the conditions that make a deflationary currency work. eventually people want their life improved. they want goods and services. they want to enjoy their life while they are alive to enjoy it. people WILL spend when they feel the time is right. it just so happens that we are recovering from fiat-induced consumerism like a bad hangover, so many of us are enjoying the ability to SAVE without inflation eating our value--something many generations have not been able to enjoy.
Greed, all works on greed. Invest the money, youll make millions Give us your money, youll make millions Got this deal for you, all you need to do is give me money, youll make millions Works EVERY SINGLE TIME Used to be called grt rich quick schemes, but thats a little obvious even for the minions to work out
Well said. Yeah there is that idea that incompetence is rare in professionals, when it happens **ALL THE TIME** It sorta falls into the conspiracy territory where it makes more sense that everything is planned rather than just *human nature* which has way higher odds of happening than a perfectly executed plan.
If you’re mid-20’s the absolute best thing you can do is go get a financial advisor and start putting money in a Roth IRA + 401k (if it’s available). Seriously. All the money you put into crypto is a drop in the bucket to the fortune you can amass doing it the traditional way at 25yrs old. You have TIME and that’s the most valuable market force. If you want to turn your life around, that’s how. It’s not gambling in crypto.
I have bought crypto hundreds of times. I have bought crypto during FOMO pumps and during deep dips. I have never bought the bottom. There was a better price later EVERY SINGLE TIME. If you first hear about a coin when it's pumping, you're probably too late to make a significant return. If it's a project that you think has a future, wait for red to buy
The “contract” term is misleading. It’s not a contract but just a piece of code that runs under certain conditions. Developers make mistakes ALL THE TIME resulting in bugs in code. A bug in the code could mean you lose everything. This doesn’t happen in the real world with proper process and procedures
I don’t understand how this is an argument you’re actually having. I’m reading you the definition of a stock and you refuse to believe me. https://en.m.wikipedia.org/wiki/Stock Yes, of course not all companies pay dividends, that would be a shitty business decision. Instead, they reinvest the capital back into the business. Who decided the company shouldn’t pay a dividend that quarter and should instead reinvest? **You and the other shareholders did, buddy!** Just because you didn’t get a check in a mail for the earnings that month doesn’t mean you didn’t have a **right** to the earnings, you just got outvoted by your company’s board. If you don’t like it, go to the Annual Shareholder meeting and convince 50%+1 of your shareholders to replace the board with members who *will* pay a dividend. That’s called being an “activist investor” and it HAPPENS ALL THE TIME. These are great questions! If you’re still confused please let me know
It’s not informative at all. It’s still the exact same as investing in crypto. Just because a company makes $1 billion surplus you aren’t guaranteed to make any net gain on your investment . Happens ALL THE TIME. As a company stock holder, where are you guaranteed to any profit from the company? The only thing close to this would be dividends, which company’s can take away if needed
Blockchain is a terrible technology for 99% of what "web 3.0" or whatever the scammers call it are doing. Almost everything the shit coiners gloat about their specific "utility" token doing a SQL database would do 999999x more efficiently. Sorry but peoples ignorance of technology is what is leading to this shit coin explosion. There is NOTHING inherently unique in blockchain. BLOCKCHAIN CRYPTO is NOT what is so revolutionary about Bitcoin as a technology. Proof of Work along with the difficulty adjustment is what is revolutionary about bitcoin. Bitcoin being a product of TIME is what is revolutionary about it, NOT "blockchain".
#2 all the way baby. I remember Richard Heart (who I don’t like) saying on crypto banter that the top was in. Somebody was like “we haven’t even seen a blow off top” he said “people are selling jpgs for millions of dollars”… I was mowing my lawn at the time and thought “shit, he’s probably right” Around the same time two major players at the fed sold their positions and I thought “that’s sus.” And what did I do??? I yolo’d into TIME and ignored my initial instinct because Danny Coins Bro!
#HOLD indeed and #HODL in need! TLDR: Crypto is lots different that stocks. Stocks have higher entry requirements and at low end investing results are slow and small. Crypto offers smaller investing from $5-$10 min investment and you can open positions. With and or without KYC/ID verification. Only non KYC will have way less market capacity to move or trade. Eg on Binance it’s 2 BTC max per day for non verified users for verified users it’s up to 200 bitcoin as volume on day to move per day. Then for higher or corporate investors and traders there is a professional account I believe which give added security to funds ( users funds on binance without KYC aren’t safe or secure by their theft policy’s) so that’s another reason to verify on any exchange but don’t use just any exchange for crypto do your research and make sure it’s widely known and has good reputation support and low fees like always! This factor also has never … sorry, when ever the rate of addresses and accumulation of $btc in this case, goes up the price always follows and peaks afterwards. As you can see in the above picture reference times at every first year until 2015 when price goes down before more holders with 10k ups the price goes up in 2016-2018~ before bear in 2018 then up again in 2020 and while LATELY the drop of 10k Holders over 2021- start of 2022. Now it’s going up fast OVER A SHORT TIME FRAME. With the most market influence since it’s creation and having more of cryptocurrency and Bitcoin in the spot light is making for many many INSTITUTIONAL LEVEL INVESTMENTS which are or can be of 10k~ bitcoin. Still those with 10k Bitcoin are billionaires or massive corporate companies and firms or even individuals who have over the years compounded their initial 1 or 1k bitcoin for $1 a piece and held or used some and sold some and staked some and now has 1k or 10k Full Bitcoins which calculates today at $24,500 ea x 10,000 is 245 million (wow I seriously thought it would be billions..) anyway 10k Bitcoin 250m company or individual who has over 250m is the 0.01% I mean 5% of the population Atleast in AM have 5+ property’s and it gets smaller and smaller the more property’s or assets people have the less people in that bracket there are.. as saying goes rich get richer. If you have 5 property’s lease 4 live in one that’s 4 incomes without working only maintaining the property’s or paying for the real estate to do that then put half your gains or savings into blue chip stock (bitcoin doesn’t get franking credits/tax payed for you by the company on your shares) maybe Bitcoin EFTs perhaps but I do not think so. Since they aren’t a standard stock or even a new era digital only company that is listed on the stock exchange like eg Discord (watch for that IPO on exchanges and in news) I WILL BE BUYING discord stocks. Also many other HUGE tech names and tech is mostly what I would invest in but that because I know the market I wouldn’t invest in bonds or health sector or finacial sector like banks (but I know big banks will always be fine) as an investment is solid as you will get more out of your money on owning their company or a share of it than letting them use your money via holding it in a savings or term interest bank account. You will make (depending on the amount you have to invest from 0.5%-10% on your balance) really though for $1000-$10000 your going to get like nothing well maybe 1% so $100 on 10k. Where $10k in their shares may yield you $150 per quarter in dividends plus your balance mag go up or down backed on the market over that year. But big banks NOW will go Boom for 2022 Q3-4 and all of 2023 especially in flourishing countries like Australia NewZealand Holland America Japan many more that’s just a little list..random too. But investing in Blue chip stock or shares is what I recommend for anyone NEW to investing .. or trading if your REALLY WANT TO LEARN HOW AND WHY CRYPTO IS HERE AND WHY IT WORKS YOU FORST MUST KNOW WHY MONEY WORKS AND WHY AND HOW IT CHANGES AND FLUCTUATES ACROSS EVERY SECTOR OF THE WORLD WHERE MONEY IS A NECESSITY OR REQUIREMENT. Which is 99.9% of earth.. Learning markets and economy dosent mean you need to hold stocks and shares. It’s learning how to manage and find information on companies and know how to use the info and do the math to find data pockets or areas of the market where it is sentimentally (word on the street/ chats/ social/ newspapers/ articles etc as positive or negative Fear or Euphoria or the many other psychological effects/correlations to market movement or actions. Which is also a good thing to learn and learn with $ pennys or tiny stocks and tiny volume the lowest volume most brokers or banks that have exchanges offer is $500 USD some are less like $100 USD it depends on country for me it’s around $370 USD for a buy in to a new company which then after you buy in you can TOP UP with NO or a very LOW minimum like $5 or $10 to add to your position balance/portfolio. This is why CRYPTO is much more Accessible to anyone wanting to TRY the market and Try tech analysis or following sentiment at the same time (do both neither is better than the other but OF-COURSE analytical data and Tech Analysis is a must where Sentiment data is more secondary (in crypto) but for stocks and shares it’s much more important almost as important or more than tech analysis as economic conditions are what make the market go up and down and those conditions are made by the country’s economic calendar from the events each day has but for most that calendar makes NO sense to someone who can read tech analysis data but are new to economic data and sentimental data. It’s a way different approach to figuring out where markets may go in short long term. Again using both analysis of sentiment and technicals is important in any self investing or choosing stocks or crypto markets to invest or trade in.
Have you ever heard of the "Efficient Market Hypothesis"? Google it. There are a ton of academics papers that say you CAN'T TIME the market. People that have studied for 50 years those topics proved, with scientific methods, that it is indeed impossible to have an edge against the market with the current information available to the average people like us. A few resources: [https://en.wikipedia.org/wiki/Efficient-market\_hypothesis](https://en.wikipedia.org/wiki/Efficient-market_hypothesis) [https://www.tandfonline.com/doi/full/10.1080/0015198X.2020.1734375](https://www.tandfonline.com/doi/full/10.1080/0015198X.2020.1734375) [http://web.mit.edu/Alo/www/Papers/EMH\_Final.pdf](http://web.mit.edu/Alo/www/Papers/EMH_Final.pdf)
Well i know got a few friends that behave in that way, but i keep telling them that the alts will bring more gains if they invest properly and in that case will have more BTC. Every new bull run the old stuff gets flushed down to the last pages of coingecko..(TIME,VGX,LUNA...) and the relatively new shiney stuff comes to play..Really bullish onKadena AngelBlock Aleph Zero and MATIC for the upcoming upside on the markets..They should know that BTC yes ok its the daddy, but other projects will bring more use cases and overall adoption to the crypto market
"though the market gives btc at around 20k currently..." It's $24,453 right this moment. It's been as low as $24,340 in the past 24 hours(your post was 11 hours ago). So you misstated...BIG TIME. Please correct it and issue an edit.
Allow me to respond: Your first theory makes no sense. You can always just purchase ether through Coinbase to show him how it works without revealing your wallet address. Also, if your neighbors teenager knows nothing about crypto, he’s not going to know how to search your wallet. Shit, most ppl on this sun have no clue how to do it. The same can be said about you driving a Tesla to your merchants place of business to buy your weed. Do you take off your jewelry and fancy glasses and clothes before going out because you are afraid that someone will rob you? This example is directly related to criminal activity, because you are afraid your dealer can rob you. Whether you use USDC, cash or unicorn poop, there are plenty of signs that show you have wealth. The main core purpose of croton WAS a public ledger. That is how we achieve decentralization. If you want to tip someone, open a new wallet (great news, they are free) and deposit a small amount of money through CEX and use it for tipping. Problem solved. And actually using tornado cash is the same as this, except with tornado cash you are using funds from your personal wallet and transferring them into a new wallet. The same can be achieved by doing so through a CEX with new money. If you and your wife are no ok the same page as far as your expenses, tornado cash is the least of your worries. When it comes to privacy (with respect to funds) that is the last person you need to hide funds from. The list IS endless but also useless. You’ve provided no real proof why atirantado Cash is useful other than to hide your personal wallet address from the public, when in turn, it’s been public THE ENTIRE TIME.
>Assuming things are at equilibrium, and considering opportunity cost, it only means being willing to not make any money. Ok, at least now you realize that the cost to do that is spending money forever! But also, your second statement is a fallacy in 2 different ways. The first one is that your mining at no profit causes me to lose money mining, that's incorrect, with the same cost for my machines and electricity I'm also at an equilibrium. As I've already explained, the only way to make me lose money mining is for you to lose more money mining forever. I'll also point out that your example is physically close to physically impossible due to silicon limitations. >Opportunity costs are costs, so yes there are costs. Just like with PoW, these are the only costs that could be painful to an attacker. It is economically identical at equilibrium. Are you really gonna argue that the opportunity costs are close to significant compared to the ongoing costs of PoW? Wanna think about it and retract that statement?? C'mon, you are smarter than that... >This point assumes a premine. With a fair initial distribution, this isn't a problem because no one will have "most of the stake" unless the system has already been attacked. No, I'm not, I've already explained this exact same point before, please read, I'm just looking at existing coin distribution... >Its an accounting trick. If you don't understand why that makes a difference, I don't have time to explain it to you. I'm not sure if you don't understand the implications of how amortization applies to your yearly income or you only googled what amortization means... I already gave you an example explaining the amortization process and why the cost of the machines is accrued which makes it less significant than energy in your income. If you didn't understand the example, ask questions or google it yourself, discarding without disproving is just crying you don't wanna accept reality or look for a valid solution... >A prospective attacker I've already told you 3 times we are not discussing attacks... can you try to stop running away from the discussion topics and face them before moving on to new ones? Also, unlike other attacks, that type of attack is: Impossible to do stealthily as you either notice tons of hashrate leaving or there are not enough machines in the world. Reorgs over 6 blocks send notifications and emergency stops to production nodes for big crypto companies, so you wouldn't be able to do anything right as you do it, but also, Bitcoin core includes a flag for nodes to manually reject nodes, so you risk everyone rejecting your attacking block and losing all your money, but also tons of other reasons. But again, there is no need for speculating with made-up data, you should be using the real-world experience of how other 51% attacks have been done, and yes, even without the first set of problems (As it wasn't a significant hashrate), none of them tried to do the attack as you described... So, now that we have explained why your speculation is wrong, and also close to impossible due to tons of measures, can you go back to the actual topic at hand of centralization, or do you wanna run away a bit more? >Buddy.. you can't "just" get a $19 billion loan. Be realistic. Sure I can't but (And I don't believe I gotta explain this...) tons of institutions, countries, companies and even some individuals can... >It most certainly doesn't. That would only be the case if the rest of the world simply stands still and does nothing. No, I don't care for your opinion, I've explained why, we can see it in tons of examples of PoS out there, I've even given you a step-by-step example. >Even if what you're saying was true, its just as true for miners. Miners are making a profit, and they could just as easily sit there and accumulate more and more bitcoin until they're the only ones that have any substantial amount. THEY CAN'T I'VE SAID THIS MULTIPLE TIMES, THEY HAVE ONGOING COSTS SEVERAL DEGREES OF MAGNITUDE HIGHER THAN POS, THIS IS A SIGNIFICANT PART OF WHY POS IS UNSAFER AND TENDS TO GET CENTRALIZED, MAYBE THIS TIME IN UPPERCASE YOU WILL ACTUALLY READ IT AND YOU WILL GET IT... A miner makes 10 and 1 is actual profit, the rest is cost. A PoS validator makes 10 and most of it is profit as people already hold the currency at no cost and the only cost is not using the money they make to stake more (opportunity cost). > The fact of the matter is tho that beacause PoS is cheaper to secure, C'mon, you already realized that this means that it's also cheaper to attack... now you are just going backward... ​ > That means that miners can accumulate bitcoin's supply faster than in a PoS system. Read the text in uppercase whenever you try to push this dumb fallacy... IDK, If you are gonna keep running away, not facing facts, and making such basic mistakes about how the most basic processes work, I'm not sure you are capable to learn or even want to learn... go to the basics, and once you get them, we can maybe have a discussion...
It doesn't matter if this is the bottom, dip or abysm. What matters is TIME. If you check the Bitcoin log chart against the Halvings, you'll see that BTC starts their bull runs around the Halvings, not half way as we are right now. But if history doesn't repeat itself this time (although it does), if we are in an Accumulation phase then we need even more time in this stage for institutionals to slowly fill their bags. I'm going for an uptrend until reaching ema, following with a most probable downtrend into the same 20-24k range again. Lateral trend won't be leaving soon.
Cool throwback to last year. I was in TIME with a big chunk of my portfolio. I knew it was a sham but the APR gave me about €120 a day… magical times. I saw ICED too but didn’t really care for it, most of the people there who were serious about the project I wrote off as idiots. If anyone wants to know more about that time and my side you can ask me anything.
Maybe they *were* knowledgeable and pretended to be noob to lower everyone's guard in the beginning 💡 And maybe it's the scoundrel who was involved with TIME and caused a big ruckus a few months back, can't remember his name rn...
I think getting into $STRONG was the most obvious bad move I made, but I thought I might've still been early enough to profit from what I recognized as a ponzi. I was wrong about the timing. $TIME/$MEMO wasn't so good, but I profited at least.