Well yeah. It's a right wing project on the day after the monumental success of another far right project with which it is closely linked.
Bitcoin has made a new all-time high price
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Re: Bitcoin has made a new all-time high price
#22how you guys interpretate all this price swings with barely no trade volumen increase? i think the whole crypto narrative it's slowly dying, okay its ATH now, but yeah, we still got this huge elephant in the room called tether and well u know
I don't know. What's going to happen with Tether?
It's backed on air. Not even hot air.
Re: Bitcoin has made a new all-time high price
#23So I suppose people must use it all the time to buy goods and services. Right?
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Re: Bitcoin has made a new all-time high price
#24What's the best way to sell ~50 BTC these days?
Re: Bitcoin has made a new all-time high price
#25Trump seems to be good for coin. He did promise to help deregulate crypto by firing the SEC chair. - https://www.axios.com/2024/07/27/trump-bitcoin-strategic-res...
This reaction in bitcoin price is indeed because of Trump winning. He did say he would get rid of Gensler (SEC chair). Let’s see if he does :)
Re: Bitcoin has made a new all-time high price
#26how you guys interpretate all this price swings with barely no trade volumen increase? i think the whole crypto narrative it's slowly dying, okay its ATH now, but yeah, we still got this huge elephant in the room called tether and well u know
I don't know. What's going to happen with Tether?
noone knows, but the real question is why any govt hasnt done any significative investigation or attack on tether? the only explanation i see (from the US pov) is that they actually collaborating in deeper investigations so they let it coexist, otherwise it makes no sense how legitimated it is knowing that it's pure fake money and it's not backed up at all
bitcoin wont be real till tether dissapears
Re: Bitcoin has made a new all-time high price
#27Soon this will all collapse, reaching all time highs isn't a good thing. Pyramid scheme at best, ponzi scheme at worst. I still don't know any use case for this other than speculation and people aren't even using it in the real world.
The real use case is self defense against the arbitrary devaluation of fiat currency. As wildly imperfect as crypto is at that task, it's the best we have in a fungible, digital form. So pessimistic investors flee to it. The worst case for a crypto investor is for the dollar to be restored to a stable store of value. To outcompete crypto, just whip inflation.
Re: Bitcoin has made a new all-time high price
#28[flagged]
Re: Bitcoin has made a new all-time high price
#29how you guys interpretate all this price swings with barely no trade volumen increase? i think the whole crypto narrative it's slowly dying, okay its ATH now, but yeah, we still got this huge elephant in the room called tether and well u know
I don't know. What's going to happen with Tether?
Tether has huge trust issues surrounding it, and might be little more than one of the greatest pieces of financial engineering in history.
The best place to learn about this is Protos.
Re: Bitcoin has made a new all-time high price
#30Anybody have a reliable, up-to-date pc build guide, for a full node? I find very fragmented information everywhere. I get that "most pc's can run Bitcoin core" but I'd like some more detailed information.
I thought Bitcoin and crypto is just fools gold, why get involved with blockchains and worst of all, proof of work?
A full node doesn’t do mining
Behind the asset and speculators and media focus on that, these chains are development environments with a different architecture than cloud services, and an attractive pricing model that cloud services cant compete with:
pay to deploy once, unlimited free reads, and your customers pay to update the state of your app and pay to write to your storage, which you prepaid fully in the earlier deployment
account abstraction and signin is already built for you, and transaction rails are already there and you dont need a payment processor’s terms of service to think about for your business model. its unlimited payments of unlimited size to any kind of business you launch.
it also takes all the learnings of marketing funnels, and improves it: your customers already are there and want to pay to use your app. this is the most ideal funnel in web2.0 but is the default in web3
this is always going to attract developers and their entire audiences
there is a big enough audience in the crypto economy already, for a long time. there is no need to convince anyone to come into it, just provide services to people already there based on frictions those people are already having
a full node gives you data on what everyone is doing, for free, especially in the mempool, which includes activity that hasnt been written to the blockchain yet and might never be. this information can be indexed for your perusal better, or repackaged and sold to people that dont want to run a full node