Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4540. (Read 26623394 times)

Explanation

WO abandoned.  Only me and Chartbuddy left

Now is the time

 

The thing that is so annoying to me is that the logic is so simple as to why Ethereum is a bad idea.

Smart contracts?  Yes this is a VERY interesting idea. And the lightning network is built on them, for example.  But not only do they not NEED to be run on a blockchain beyond the most simple ones, it actually does not make sense for them to be.  All the security aspects of a smart contract can be rooted on a blockchain via efficient hashes.  You do not need a "world computer"  using one of the least efficient storage systems ever developed by humankind.

Ethereum BREAKS one of the two things blockchain is important for.  Decentralization.  Any blockchain used for indiscriminate data storage is destined to centralize and become a digital version of the Federal Reserve/IMF/WEF/IBS machine that currently enslaves the world.  Only if we get this digital version it will make what we have now look fair.

I do not think Ethereum would centralize to a single authority.  But it would collapse to a small number of very powerful members of a group.  It would need the kind of infrastructure that only countries and huge corporations (think Amazon, Google) could create and maintain.  So we just end up with a new system that works just like the old one.  The members of that "fedaration" could meet and set policy as they see fit.

And then the obvious question.  Why on earth waste all this time and money running a blockchain when they can just do it with a good old shared database?  There is no reason.

And poof the reason for Ethereum to exist in the first place disappears into a puff of logic.

The central banks seem to have already figured this out.  They are not going to waste time trying to make something decentralized for their CDBCs.  Why would they?  It would not benefit them.  Now i imagine they might use the NAME "blockchain".  But... 

Bitcoin truly is humankind's best chance of destroying this eras system of mass enslavement.

Ethereum (and all the other centralizing "blockchains") is more than a scam to enrich it's founders.  It is a direct attack on the freedom of humanity.  And that is not an exaggeration.

Explanation

For years now it makes me feel like "they" want you to panic and sell your coins cheap. But "they" also want you to HODL because selling would lower the price further. Everyone in crypto has an agenda.
Disclaimer: I'm not sure who "they" are.

It feels scary though: being stuck in between "not worth it" and "FU-status" means I need to be patient.

With the dip in price being felt today.


In times like this there are still those who say "Stay strong and do not sell!".
Behold a video from February earlier this year from Crypto bitlord:

https://twitter.com/crypto_bitlord7/status/1356250699428843522

The upcoming squeeze will make the Hunt Brothers a faint memory. Face melting.

Flakes will call for ‘crypto gains tax’. Because fair (cue AOC).

CB’s will beat the crypto = destabilise drums some more.

MM will pull out all the 2013-2021 FUD again.

It will be massively fun.

Bit of HOPIUM in the middle of a correction
 


Will Clemente
@WillClementeIII
Delta top model starting to slope upwards, now above $117,000

IMO we still have a ways to go. Is based on the cost basis of investors and mean reversion, so will likely end up closer to $150k-175K towards the end of the year as prices moves higher, but that's just an estimate.
https://twitter.com/wclementeiii/status/1451554126769311746?s=21

photo upload site

Explanation

True stack what you can

what is this word that wields such power?

asking for a friend

Explanation

That’s a naughty word that one posts if one wants to chap your ass, Jay…..

That’s a truth

Either accept it or lose.

better stop you right now, Buddy...

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