Bitcoins - about to hit $5,000 per coin today!

[gib]

what does a post 1 million bitcoin world look like? 2 classes of people? no coiners and bitcoiners? nocoiners work and slave, bitcoiners retire?

Pretty much yes. I wrote about the importance, from a societal perspective, of the future distinction between wholecoiners and everyone else. Many were laughing at the time. Now many are starting to wonder. And in the future they won't be laughing at all. Its not too late, but every day delayed is a step further away for the no-coiners. Should really be quite obvious. And will be in hindsight. Just look at the Land-Lords in centuries of the past. I believe, we will have a future where people are distinguished by wholecoiners (and above), and the Sat-slaves below.

[Dorian Cutler]

My car is still for sale, want to buy bitcoin with the money. People are trying to lowball me thats why I havent sold yet. I should have just sold at the first low ball offer months ago and put into bitcoin. I would have already been up more than 25k. Fucking shit.

[SouJerz]

MSTR is my best performing stock which bought during covid. Now up over 500% from my buy price. I plan to hodl, just for fun, as a leveraged play on BTC, although there are risks.

If you like MSTR check, CVNA, ANF, SMCI, VRT

[SouJerz]

https://news.bitcoin.com/el-salvador-will-keep-buying-1-bitcoin-daily-until-btc-becomes-unaffordable-with-fiat-currencies-says-president-bukele/

"El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the “large chunk” of bitcoins which Bukele previously revealed."

[SouJerz]

My car is still for sale, want to buy bitcoin with the money. People are trying to lowball me thats why I havent sold yet. I should have just sold at the first low ball offer months ago and put into bitcoin. I would have already been up more than 25k. Fucking shit.

try facebook marketplace might find someone gullible.

[Flexacon]

Fidelity just added staking to their spot ETH ETF application which is a bit of curve ball. Also

Nate Geraci
@NateGeraci
·
48m
Amended 19b-4 filed on Fidelity spot ether ETF…

Includes more in-depth analysis on correlation b/w eth spot & futures markets (assume getting feedback this is important issue).

Also references spot btc ETF approval.

Here’s money page IMO. Issuers not gonna let SEC off hook.

[SouJerz]

https://www.zerohedge.com/markets/one-bank-sees-bitcoin-200000-while-ether-hits-14000-it-becomes-jpmorgans-favorite-crypto


One Bank Sees Bitcoin At $200,000, While Ether Hits $14,000 As It Becomes JPMorgan's Favorite Crypto

Giggity

[Dorian Cutler]

try facebook marketplace might find someone gullible.

Its on a car website. Mostly scumbag car traders trying to rob me and people trying to get a car for less than its worth while they can get a shittier version with 2-3x the mileage for the budget they have in mind. The process is rather infuriating dealing with these bums.

If they call me and start asking questions that are immediately answerable by reading the fucking advertisement and then ask what is the lowest price id sell it for then I know I am dealing with subhuman scum.

[Dorian Cutler]

Alwayd have insane limit orders in place just in case this happens

[obsidian]

Fidelity just added staking to their spot ETH ETF application which is a bit of curve ball. Also

Nate Geraci
@NateGeraci
·
48m
Amended 19b-4 filed on Fidelity spot ether ETF…

Includes more in-depth analysis on correlation b/w eth spot & futures markets (assume getting feedback this is important issue).

Also references spot btc ETF approval.

Here’s money page IMO. Issuers not gonna let SEC off hook.

I saw that.

Here's an interesting clip (around 4 minutes into the video) where Gensler talks about staking. Sounds like he is not against staking, just concerned if staking providers are actually honest about whether they are actually staking or being risky with your staked tokens. He also mentions "not your keys, not your cryptos". All valid points. I have been a Gensler hater but I have to admit he sounds reasonable in these clips.

Note that the next upgrade for Ethereum aims to make solo staking much easier and faster to set up. Vitalik has mentioned the possibility of mobile phones being used to solo stake via a secure wallet. I recall reading that Solana still does not have a slashing mechanism in place in case a staker is dishonest. Not sure if that has been implemented yet. Slashing sounds brutal, but is needed to make the staking infrastructure more robust.

[obsidian]

Alwayd have insane limit orders in place just in case this happens

That must suck if your BTC is accidentally sold for those low values! Damn!

[obsidian]

Of course I know it.  I’ve never met another group of human beings that say they are gods chosen people and have a word for everyone who isn’t Jewish.  I’ve been called a gentile several times in my life kind of weird but that’s just how they work.

Nothing wrong with sticking together, actually that's how it should be. That's how communities and ethnicities got ahead, by banding together. Whites are being discouraged from doing this though, ironically by the same group that look out for each other. Whites better get a clue before they are history!

[SouJerz]

Viva El Salvador!

[Flexacon]

Alwayd have insane limit orders in place just in case this happens

That order was placed years ago. It's first come first serve, so good luck getting filled if you place a limit order at those levels now.

That must suck if your BTC is accidentally sold for those low values! Damn!

It looked like someone got their account hacked and the hackers were attempting a cascade by dumping hard (they were probably leveraged short)

[Dorian Cutler]

That order was placed years ago. It's first come first serve, so good luck getting filled if you place a limit order at those levels now.

It looked like someone got their account hacked and the hackers were attempting a cascade by dumping hard (they were probably leveraged short)

I once got lucky with a sell order I placed way above market price on some big cap altcoin. The rush was incredible when I found out. Unfortunately not a life changing amount of money

[gib]

Alwayd have insane limit orders in place just in case this happens

Unlikely the order would hit as usually there is so much liquidity that much higher orders would hit first. But yeah, on the right exchange and in the right circumstances, why not (although most exchanges would require you to have the cash there for the order so you could be waiting for a long time with that cash unutilized).

Makes sense though on the upside if a spike in price ever occurs and you are selling.

[Flexacon]

Really interesting day.

The SEC possibly going after proof of stake ETH as a security.

Every major player threatening to sue the SEC if they don't approve the ETH ETF in May.

Coinbase planning to launch DOGE, LTC and BCH futures on regulated exchanges. Why not spot ETFs after that.

Blackrock entering the ETH ecosystem with a tokenized asset fund and with plans that could see $Trillions enter the blockchain space over the next 5 years.

I have more than enough money to quit crypto and never look back, but I just can't quit the entertainment and drama of it all. There is nothing else like it!

[gib]

Really interesting day.

The SEC possibly going after proof of stake ETH as a security.

Every major player threatening to sue the SEC if they don't approve the ETH ETF in May.

Coinbase planning to launch DOGE, LTC and BCH futures on regulated exchanges. Why not spot ETFs after that.

Blackrock entering the ETH ecosystem with a tokenized asset fund and with plans that could see $Trillions enter the blockchain space over the next 5 years.

I have more than enough money to quit crypto and never look back, but I just can't quit the entertainment and drama of it all. There is nothing else like it!

Well, as I told you earlier, once a security, always a security. I think its very far-fetched to think an ETH ETF would ever be approved. DOGE LTC and BCH actually more likely from an academic perspective, but I also see those as unlikely.

[Flexacon]

Well, as I told you earlier, once a security, always a security. I think its very far-fetched to think an ETH ETF would ever be approved. DOGE LTC and BCH actually more likely from an academic perspective, but I also see those as unlikely.

They subpoena relates to it switching to proof of stake in Sept 2022. Not whilst it was proof of work for 7 years before that.

[gib]

They subpoena relates to it switching to proof of stake in Sept 2022. Not whilst it was proof of work for 7 years before that.

Yes, that switch (and the fact that could even be done) makes their case much worse, that's for sure.

[Flexacon]

Yes, that switch (and the fact that could even be done) makes their case much worse, that's for sure.

The ETH foundation and their legal team had all their evidence and legal arguments ready to go before before they even went ahead with the switch (merge) so the SEC coming after them is not completely unexpected to them. It's already been priced in too as a lot of people have been sitting on this info for a while. Just gonna sit back and enjoy the shit show. Just remember Gary Gensler is already on a long losing streak when it comes to big crypto legal battles.

[French]

ETH at 10K equals a market cap of 1.3 trillion, so SOLANA's market cap will be at least 400 billion, so get your bag ready, especially if SOL flips ETH right after FireDancer rolls out.

[obsidian]

Interesting interview with Mark Yusko. He claims SOL is a mess.

In tech, according to Mark, you can either be fast, or secure, never both.

Mark goes on, says Solana is super fast, but it breaks down. He claims in the past weekend he heard reports that 80% of transactions were failing on Solana. That's a nightmare, says Mark. 

Having said that, compare the transaction speed of Coinbase's L2, BASE, with Solana.

https://x.com/LeonWaidmann/status/1769312515887149481?s=20

[obsidian]

Really interesting day.

The SEC possibly going after proof of stake ETH as a security.

Every major player threatening to sue the SEC if they don't approve the ETH ETF in May.

Coinbase planning to launch DOGE, LTC and BCH futures on regulated exchanges. Why not spot ETFs after that.

Blackrock entering the ETH ecosystem with a tokenized asset fund and with plans that could see $Trillions enter the blockchain space over the next 5 years.

I have more than enough money to quit crypto and never look back, but I just can't quit the entertainment and drama of it all. There is nothing else like it!

The ETH news was FUD. Ivan Tech reckons the ETH ETF is coming for sure because of Blackrock's recently announced Ethereum-based tokenized fund.

Mark Yusko reckons the ETH Spot ETF will be a reality at some point, because he claims Blackrock has a bigger stick than people like Warren that want to slow it down. Elizabeth Whoren is beholden to the banks who feel threatened by cryptocurrencies. But because 2024 is an election year Gensler may have been given orders to slow down the ETH Spot ETF applications. We'll see what happens.

[obsidian]

Yes, that switch (and the fact that could even be done) makes their case much worse, that's for sure.

No it doesn't. POS still requires validators to have hardware, software, and sweat equity to make it operational and maintain it. It's no different than a POW miner who has to clean his rigs, cool them, etc. I mined Ethereum for years and I had to monitor the rigs daily, reboot here and there. Upgrade mining software. I had a few GPUs fail and had to RMA them, etc. The majority of ETH I obtained the same way Bitcoin miners acquired their BTC. But you bought your BTC and did zero work mining or developing it.

So the SEC argument that you expect to profit on the work of others is actually valid for both you and Saylor.

It's is 100% a fact that the Ethereum project has been the hardest fought with blood and guts in the trenches work, compared to Bitcoin. If you tally up all the manhours that went into the Ethereum project it totally eclipses what went into Bitcoin's development. The Lightning network is apparently also a mess and never really fulfilled it's promise.