Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4841. (Read 26607540 times)

+1 WOsMerit



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+1 WOsMerit

This is what you do not understand.

Most communities are doing their best to create a Comunity they can trust.

https://twitter.com/BitcoinMagazine/status/1431256299086487555

Just American things


https://news.bitcoin.com/survey-shows-3-in-10-americans-share-crypto-wallet-passwords-with-others/

Explanation

I don't think it goes away.  There is too much invested in it.  Money, code, hype.  And it can keep failing over and over and people will just excuse it because that is what we have done with centralized money for centuries.  We are comfortable with it's sorts of failures.  And too many people are either blinded by the contraptions you can build with it, or see it as some way to make money out of nothing (just about the ENTIRE DeFi space).

The only hope, as I see it, is for the work being done on that chain (and all the clones) will be field tested there in that sandbox, and the few things that actually have value will be brought over to run on side/drive/xxx-chains atop Bitcoin.

We are both Monero believers, and I am actually GLAD to see the somewhat centralized Liquid side chain adopt confidential transactions.  This is a step in the right direction.

I also own a B-JDE token on liquid (this will buy me a mythical Jade h/w wallet when they ever exist).

I have a very bad taste in my mouth for token issued atop something else, so part of my feels like what blockstream is doing is recreating Ethereum.  Yet, if they are successful then what they are ACTUALLY doing is recreating it the RIGHT WAY ... a way that the base layer is not touched by all the nonsense.  It can just be MONEY like it is supposed to be, and as a side bonus allow for rooting other chains like the LIQUID chain...

I swear I predicted that either JJG Will comment or Nutildah

They are two Peas in a pod 😂

Correct. Wealth passes and only the Memories remain how they Got that Wealth which breeds hate and sets up the family with Wealth for a certain demise.

One way or the other.

What truly remains and is Loved through history by all is Love and Love for Humanity.

That either by inventions or a deed that flips the world for the better.

Ideally, we'd like to give something to our heirs when we go. Some tribes have something about 7 generations in the future, but that deals particularly with how they treat their living space or homes or farms or forest or whatever.

Today, in the modern world, we see a few generations of family wealth. It is simple if everyone were to grow up and work and make their own money, then they can add on whatever their parents had, and make it grow to make more money. The issue usually is with the 3rd generation, they become spoiled or lose the money in all sorts of stupid or unimaginable ways. If they simply did not touch it, it would still be there, less inflation, but with the growth of whatever long term investments they had, although it can take years for some other countries.

I know what to tell my kids, and maybe my grandkids, and how they should handle our wealth (including their wealth). I just don't know if they will all actually do it. It works best from a poor generation to the next one, because usually the next one experiences a little hardship and work for a living. Their inheritance is just extra on top. It's the generations after that ...

Explanation

And that's just the way they like it.

Generational wealth arises from biological imperative. If you want to see how altruism factors in, I recommend "The Selfish Gene" which delves into it a little.

Swapped all my AXS profit to BTC. Bought at $3, sold at $70.
Let's go boys.

Most blockchain based games, or games that accept payments or deposits in bitcoin (or other shitcoins) are instant or over very quickly, so most people don't pay attention to the value of the coin. Some bets take awhile, in sports or what, like a few days, again, that's not so much a big difference if you win and the total value is less than when you started unless they converted it to fiat or dollars.

Raffles or lottery styles can get tricky as they used to run from a few days to a week or even to a month, but usually, the winner gets a lot more than what they put in because if there 10 other players, 9 lost. It would suck if you bet 1 BTC, 9 others bet 9 BTC, you win a week later, and the 10 BTC prize is worth less in dollars than what you put in 1 BTC a week ago.

That used to happen, but that was a long time ago when BTC was below $10.00 per coin. Or below $100.00. I don't think it will be an issue these days despite the volatility.

Of course and therein lies the biggest rub I have with Eth, if its not immutable it does not provide the basics of what the Cryptographic revolution is all about. Not centralized trustless system is the cornerstone on this tenant!

But you cannot equate this exploit an actual concerted financially backed adversarial agenda.


Winblows had first mover advantage among a host of many other differences how can you possibly compare the two?

This is apples and oranges, actually its not even, its apples and motorcycles.



Eth is very similar to the banking system and I think that is why it is going so far even with all its broken parts. the system finds value in it. I guess the fraudsters (bankers) see opportunity there and its not strong like bitcoin and can be smashed by any government that wants to with little effort.



The infighting that started with Bitcoin forking has been the diversion shitcoins like ETH needed to proliferate and I'm not entirely sure the movers in that scene did not have the motivation to weaken Bitcoin as a whole as their agenda. That is one reason I was doing research in the past to see why there was nothing being pushed but stupid choices for the fork.

doubled 2021 rally 
dunno..hopium anyway

dyor

stronghands

I dont know.  I mean, I dont know why you would want to preserve it, or have it in the first place.  If humanity is to evolve, we will have to let go of those primitive tribal instincts that hold us back.  It is a futile attempt anyway as I dont really know anyone who still has generational wealth from the roman empire.  Could be wrong on that, but the point still stands.
edit:  Better to build things that will benefit all of humanity for all its duration

1. OG maxi tried-remember DAO exploit?
2. Windows is still around when a few versions of it were crap.
3. Eth is not really in favor right now despite it being #2. There are others that seem to find favor with banksters. This could change back, of course.
4. A slow rollout of Lightning and smart contracts on bitcoin cased the proliferation of various blockchain "life forms". The ginie is unlikely to come back into the bottle.