Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3692. (Read 26609678 times)

Another view

Bitcoin payments service BitPay has announced immediate support for the Lightning Network through its payment processing platform, allowing merchants that leverage this platform to receive payments from Lightning wallets and enabling more cost-effective, cheaper bitcoin transactions through the Layer 2 protocol.

“BitPay merchants can now receive payments from Lighting-enabled wallets like Cash App and Strike,” per a press release shared with Bitcoin Magazine. “Consumers now have a low-cost alternative when paying with bitcoin at a BitPay-enabled merchant.”

You can always pull the key(s) (you do have backups anyway, right) and import them into a non-node wallet (you're not actually running one at the moment anyway). Or just turn them into paper wallets.

Didn't JJG recently write that everbody here should be set and fasten the seat belt?
Remember, it's not as much a matter as WHEN than IF.
I came "late" to the party, i'm not a big fish, BTC wise. For some of us it's not about fuck-you-rich, but more about better-than-still-being-a-nocoiner. Trade wisely. Only take what you need, accumulate, HODL. OTC enables us to still buy at "low" prices. Imagine all these institutional purchases would be spot buys. Noone of us here would want to even think about buying.

Don't forget that many institutions are chasing profits, so some of their coins will end up in our wallets, while they lend some BTC for filthy cash.

My comment is not complete, but you get the idea?

In several ways, I agree with points that you are making, but several of your points are phrased in ways that are confusing to me, because even though I consider incentives behind bitcoin mining to be a kind of moving dynamic – that will adjust to changes in technology, BTC price legislative factors and other factors such as number of other miners, I still find some of your explanation to be problematic because I cannot really tell if you are suggesting that miners are responding to BTC price or causing the BTC price to change, and also the part about legislators being able to control aspects of mining seems to be playing into what they want to do, but not so much describing what they are able to accomplish.  

Of course, I am not going to be saying anything that you do not know, but one of the interesting  dynamics of bitcoin is that it both assumes selfish behavior and it assumes bad actors, so in some sense bitcoin has some abilities to adjust to bad actors – including the difficulty adjustment, but also if legislators/governments put impediments onto bitcoin, then the mining and perhaps even use cases for bitcoin will likely move to less hostile jurisdictions, so part of the dynamics of having value imbedded into the coin would be that to engage in certain kinds of attacks against the network, the attacker has to engage in behavior that attacks himself….so I am bothered about whether that is fairly described as a “closed loop” or a self correction mechanism that you seem to be hinting at.. and for sure the dynamics are going to change and move in accordance with where some of the attacks might be made – and hopefully be able to survive in the end… so yeah, merely having a stake in the system is not enough to control the system, either… and maybe I am just bothered by a kind of seeming assumption that legislators might be able to be successful without having to gain widespread control in a variety of jurisdictions – which seems really difficult to achieve because some legislators are already getting on the bitcoin train and are likely to continue to get on the bitcoin train rather than attacking it (if they know what is for their own good)….

But one thing about bitcoin is that there is no coercion… Legislators, financial institutions, status quo rich, can each decide whether to jump on the bitcoin train, fight against bitcoin or to remain neutral, and with the passage of time, we will find out how their decisions are playing out, and even if they do not jump on board in 2014, or in 2018 or in 2021 or in 2025, there is nothing stopping them from jumping on board later, even if the train has gone further up the hill and they might have to jump on the more luxury version rather than the previously clunky version.

A time capsule with a 1TB HDD, but if the wallet reaches 700GB I will probably have to pull it out of the ground and meditate if the Universe wants me to sell or put it in a crypto with a wallet that is like 3 < > 30 GB max for now or then.   

I do plan to attend a Miami Conference at some stage. It does look really fun, I haven’t been to one yet though. There are rumours circulating that Apple might be doing a partnership with Strike & Jack Mallers will announce it at the Miami Conference tomorrow. We’ll see what happens but that’d be bullish AF.

Market crashes everytime he posts his company's buying. :3

Then I hope you appreciate my quick posting on the WO for you to short the market!

Bitcoin 2022 is a four day journey for those who want more freedom and individual autonomy Meet in Miami for the world's largest gathering of bitcoins.
Bitcoin 2022 Conference Industry Day Nakamoto Stage.
start soon: https://youtu.be/P-8IjYWIfKw

I don't plan on going easy on you...