Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4862. (Read 26608188 times)

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I would prefer that over a f***ing dump…

Meanwhile lower 48’s 

This really is an offshoot of the most interesting part of the math behind Bitcoin (and PGP, and SHA etc) to me personally, as useless a divergence as it is.

SHA-256 allows us to feed an algorithm virtually any data and it will produce a single number out of a finite, but enormous set.  

It's just that this number is so big that it has the property of not being guessable.  Just because it's mega large.  And from so large a domain that collisions (two different input data producing the same result) although absolutely possible, will (probably?) never happen practically.  This along with reliable ways that a person can prove that THEY know the secret number, but without REVEALING it we have a system with which we can do all sorts of odd things.

The really neeto part is we are dealing with such large numbers that as far as we are concerned with our ~70-100 year lifespan, and all the processing power we can muster they will ACT as if they are from an infinite set, though they are not.  So we get all the advantages of a limited set of data, with many of the advantages of an infinite set just because it might as well be infinite as far as we are concerned.

This allows us to do new things.

I find it fitting that many NFTs are monkeys, or rocks, lol.  Because it is our monkey brains at work here.  Putting values on ephemeral things.  And rocks are one of the oldest forms of value we have.

I cannot say whether "NFTs" will continue to be valuable.  I find myself hoping not.  Simply because it is being interested in something shiny, but really missing the point.

It's like we have invented the wheel, but are currently obsessed with using it as a table.

10 years from now Microstrategy becomes worlds largest marketcap company.

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That article about veblen goods, and "this is stupid, buy some just in case" makes the most sense. Lots of shitcoins all went up, no matter how stupid they are. In some ways, some people think Bitcoin is not going to last long, but in the same line of thinking, the shitcoins will simply last not as long. Make your money if you have to, but go back to king daddy. Or just buy king daddy and forget about the rest. The shitcoins may last another 5 years, maybe, but bitcoin is going to stick around for another 20. After that, it's going to stick around for the next 100 years.

You have 11k total known nodes, 4k of which are on Tor, and majority are running 0.21.1 (latest version as of this post), LN has more than 2k BTC capacity. Going to stick around for a really long time.

BREAKING: Michael Saylor’s MicroStrategy has purchased another $177 million worth of #Bitcoin - The company now holds a total of 108,000 $BTC

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Thanks for the source, merited.


Not here around 
They even raised the price for raw wood lately, because the "lumberjack-industry" wasn't included in the covid price surge of processed wood.
I don't exactly know how much of my country is covered by forests, but it has to be a third at least, if not even a full half.
Next sectoral inflation: Dairy and milk products, coming up this fall, 10-14% rise.

Bitcoin: 

The price of wood is more or less back to normal now.

 Yeah a constant pump; not one of those clutched pumps!

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for bitcoiners its kind of the same amount.

if you spend 1000 $ worth of bitcoin 2020 for wood and the same amount in bitcoin in 2021 you kind of get the same amount of wood.

We need a 10K pump to liven things up around here 

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