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

[obsidian]

Try scrolling across to the right just a little bit and learn how to use the chart... As I have explained, they have so far, since inception, lost on ETH. Its been their biggest loser, and contributed to their overall loss of around 12.82% since inception.

President is not buying ETH. However, a company claiming to have an association with him is. And that is the same president who just issued a shitcoin. And his wife also...

You have been telling pro-ETH narratives for years now. I have explained numerous times why ETH will fall in value over time. You are correct that for some purposes it is a better blockchain than Solana. But either way, none of its attributes give it anywhere near the current market cap in value that it currently has.

Dude you are too smart for you own good sometimes. Please stop this nonsense and just start scaling back into BTC. I truly do not want to be having this "I told you so" conversation in a few years from now. Your commitment is admirable, but that type of enthusiasm is misplaced, and would be much better directed at BTC.

I looked at the 7 day chart which is when they started accumulating ETH. And I even said in my post that things will change tomorrow or a few hours from now. Stop looking at short time frames. A year ago you claimed it was a done deal that ETH would be declared a security. You were wrong. Things change. You've been right about BTC outpacing ETH the past 2-3 years. But you might be wrong in a few years.

My position is ETH is undervalued against BTC. I am also not a short term trader. I've held ETH longer than you've held BTC. I saw it go from $1,350 down to $80, and again from $4,900 down to $800. I have patience. Your argument has always been that any altcoin could outperform BTC in a short time frame. So why are you applying short time frames to Ethereum? You don't know where it is going or if it will indefinitely bleed against BTC.

Many people here will be entertained if we see a much hated ETH rally. Now I really want it to happen so I can see your tantrums - lol!

The infrastructure is being built on Ethereum. From banks to investment firms to manufacturers. The majority of stablecoins are on Ethereum. There are more developers working on Ethereum. It is easier to program than many other blockhains. Ethereum's tokenomics is decent.

Where Ethereum sucked was in the marketing department - so ETH needs to catch up in that area and they are working on it.

Saylor has done great marketing for the BTC MEME coin. BTC has no more utility than any MEME out there. It's had an easy ride for now and is overvalued compared with the rest of the crypto market. That dominance needs to come way down, it is unearned and unjustified.

[gib]

Obsidian - my goal is simply here to help you, and all others here, succeed. And unfortunately that sometimes, requires shooting down hopes with a dose of reality.

Griffith seemed excited that this World Liberty Group was buying ETH, "The President is buying ETH! etc" is the latest grasp of hopium for those who wish ETH's value would finally stop falling.

Since WLG has started buying ETH, it has continued to fall as existing holders dump their ETH to them, not rise. ETH is the worst performing investment in their portfolio. Facts.

Not sure if there is a perfect tracker, but we have:

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9
https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8

Among others.

You would think that with their "big purchases" and their "big influence - its the President!" Eth would surely rise on such news and activity. Even just in the short term. That hasn't happened. I am just keep it real.

Nothing about WLT buying ETH changes the qualities it has, or its use case, nor the fact that it has an infinite number of alternatives.

I have looked at the performance of WLT since its inception. That's as far back as we can go. Yes, (and again here is the hopium), maybe it will perform better going forwards - could well be. Could also perform worse.

Yes, correct long term performance matters more, as I hodl and believe very few can long term benefit from short term trades.

As for you mentioning Eth's "marketing department" - all these alts with founders and foundations spending money on marketing  - that should tell you something. BTC simply exists and does what it does - that is the best marketing of all. Ultimately, the truth prevails. And BTC is pure truth. Do you really think foreign governments would hold stakes in tech assets supported by Presidents, who can be elected out ever 4 years? It makes no sense, despite their market budgets and efforts. In fact, in the long term, the investing public will see through such shitcoinery.

Does Eth have some use? In reality, not many use cases. Longer term, maybe, but even then, you need to be careful not to conflate usefulness with value. BTC's value comes from being the global ledger of wealth (and you know very well why its BTC and not any of the infinite number of "alts", fundamental being the proof of work required to generate a coin vs just printing one). Eth does not have this use case at all (despite initially being marketed as such). So, now, from a speculator's perspective, its lost, stuck in between a rock and a hard place, with Eth "investors" selling and buying the next hyped alt to ETH. Was Sol, then Sui, then x and then y and then z etc. Eth's market cap is slowly being diluted by fickle and disloyal investors, and we will see that continue and such investors all are trying to aim for outperformance against BTC so as to ultimately be able to acquire more BTC with their fiat. Facts.

Your comment that BTC's dominance "needs to come down" is both subjective, by also illogical. BTC has a 100% dominance for its use purpose. That will always be the case. There is no alt to BTC.

As for ETH's tokenomics, these can, and are, changed on a whim. Which was of course one reason why even the most initially deluded, have now accepted that Eth is incomparable to BTC as global money.
 

[gib]

World Liberty really is an embarrassing sham. They has so far lost their investors 18%. And that's just in the first few weeks.
Look at their website - looks really tacky. "Inspired by Donald J Trump - be defiant" is their slogan lol.

And then you pay a massive fee over time for all their advisors, lawyers, finance and accounting teams, their "co-founders" and "web-3 ambassadors" etc lol. All that needs to be paid from investors money, and the of course they take their annual commission.

Really just a bunch of money grabbing grifters, trying to run a crypto hedge fund for the first time, sucking money from naive investors.

Stay away.

[obsidian]

Obsidian - my goal is simply here to help you, and all others here, succeed. And unfortunately that sometimes, requires shooting down hopes with a dose of reality.

Griffith seemed excited that this World Liberty Group was buying ETH, "The President is buying ETH! etc" is the latest grasp of hopium for those who wish ETH's value would finally stop falling.

Since WLG has started buying ETH, it has continued to fall as existing holders dump their ETH to them, not rise. ETH is the worst performing investment in their portfolio. Facts.

Not sure if there is a perfect tracker, but we have:

https://platform.spotonchain.ai/en/entity/2361?min_amount=4&date_range=9
https://dropstab.com/p/world-liberty-financial-holdings-m574rtlqs8

Among others.

You would think that with their "big purchases" and their "big influence - its the President!" Eth would surely rise on such news and activity. Even just in the short term. That hasn't happened. I am just keep it real.

Nothing about WLT buying ETH changes the qualities it has, or its use case, nor the fact that it has an infinite number of alternatives.

I have looked at the performance of WLT since its inception. That's as far back as we can go. Yes, (and again here is the hopium), maybe it will perform better going forwards - could well be. Could also perform worse.

Yes, correct long term performance matters more, as I hodl and believe very few can long term benefit from short term trades.

As for you mentioning Eth's "marketing department" - all these alts with founders and foundations spending money on marketing  - that should tell you something. BTC simply exists and does what it does - that is the best marketing of all. Ultimately, the truth prevails. And BTC is pure truth. Do you really think foreign governments would hold stakes in tech assets supported by Presidents, who can be elected out ever 4 years? It makes no sense, despite their market budgets and efforts. In fact, in the long term, the investing public will see through such shitcoinery.

Does Eth have some use? In reality, not many use cases. Longer term, maybe, but even then, you need to be careful not to conflate usefulness with value. BTC's value comes from being the global ledger of wealth (and you know very well why its BTC and not any of the infinite number of "alts", fundamental being the proof of work required to generate a coin vs just printing one). Eth does not have this use case at all (despite initially being marketed as such). So, now, from a speculator's perspective, its lost, stuck in between a rock and a hard place, with Eth "investors" selling and buying the next hyped alt to ETH. Was Sol, then Sui, then x and then y and then z etc. Eth's market cap is slowly being diluted by fickle and disloyal investors, and we will see that continue and such investors all are trying to aim for outperformance against BTC so as to ultimately be able to acquire more BTC with their fiat. Facts.

Your comment that BTC's dominance "needs to come down" is both subjective, by also illogical. BTC has a 100% dominance for its use purpose. That will always be the case. There is no alt to BTC.

As for ETH's tokenomics, these can, and are, changed on a whim. Which was of course one reason why even the most initially deluded, have now accepted that Eth is incomparable to BTC as global money.

Ethereum has a lot more use cases than Bitcoin, which is a glorified MEME coin. Bitcoin has one use case and that is to trade and hold it like a baseball trading card. You mentioned the benefit of stablecoins. Stablecoins became possible because of Ethereum. The largest percentage of stablecoins are on Ethereum. You can't have stablecoins on Bitcoin because it is a MEME token with zero programmability.

I keep saying you're looking at small time frames when judging WLT's performance. Your precious overpriced BTC just dumped again the past few hours, like everything else.

Bitcoin is not special. My Ethereum mining rigs were a lot more complicated than these ASIC appliances called "miners". It's a joke. A few bombs or strategic fires would wipe out some of these large mining farms. They are nice centralized targets. At least Ethereum mining was decentralized and difficult to attack because people were mining it everywhere in their homes. Now it is being staked everywhere which maintains the decentralization.

ZEC has the same finite supply as BTC. And better privacy. Bitcoin's finite supply could easily be removed and they probably will once the miners fall off as miner yields diminish.

There are many Ethereum holders that are loyal and won't capitulate as you claimed. In fact, Ethereum has surpassed Bitcoin in terms of long-term holders. So that's a pipe dream you have there. People realize Ethereum's value.

I can reply to more of your comments regarding marketing, but I'll leave that for a later date.

https://thecurrencyanalytics.com/altcoins/ethereum-surpasses-bitcoin-as-long-term-holders-surge-to-74-7-155081

Ethereum Surpasses Bitcoin as Long-Term Holders Surge to 74.7%

Ethereum (ETH) has outpaced Bitcoin (BTC) in terms of long-term holder ratios, with a notable 74.7% of Ethereum addresses now belonging to long-term holders. This figure surpasses Bitcoin’s long-term holder ratio, which stands at just over 60%.

This trend, revealed by data from the on-chain analytics platform IntoTheBlock, highlights a growing preference among investors to retain their Ethereum assets for extended periods. The increase in long-term holders reflects mounting confidence in Ethereum’s future trajectory, as many investors believe in its long-term value.

A Growing Trend for Ethereum
The data compiled by IntoTheBlock suggests that the number of long-term Ethereum holders has steadily risen throughout 2024, climbing from 59% at the start of the year to 75% by the end of 2024. In contrast, Bitcoin’s long-term holder percentage has steadily declined over the same period, falling from 70% to 62%.

[gib]

Meme coins inherently require no proof of work to create. Hence they are infinite in supply. In some ways, the USD is actually the ultimate meme coin.

BTC's use case is the global decentralized most secure ledger for wealth. That was the purpose of its creation, And that's quite something.

Stable coins can run on an infinite number of blockchains. But they all ultimately provide the rails for inflows into BTC. Bad money always flows to better money.

Also, Eth just fell to a new low to BTC again by the way today, and is now at a 4.5 year decline trend to BTC. This trend will continue, over time, (for obvious reasons).

Obsidian - here is a little exercise I sometimes use on myself to help re-assess mindset. Spend a serious day, making all the arguments you could in favour of BTC, and against ETH. Write your thoughts down, go down rabbit holes and back out again, apply logic and objectivity, and most likely scenarios, and take the exercise in mental masturbation seriously. And then imagine you were invested in neither, and to allocate what wealth you do have at this point in time going forwards. I have done this over and over in my investment journey and applied it to property, venture capital, stocks, and other types of investment decisions. Humour me and do it. What harm can it do?

[Griffith]

Ethereum has a lot more use cases than Bitcoin, which is a glorified MEME coin. Bitcoin has one use case and that is to trade and hold it like a baseball trading card. You mentioned the benefit of stablecoins. Stablecoins became possible because of Ethereum. The largest percentage of stablecoins are on Ethereum. You can't have stablecoins on Bitcoin because it is a MEME token with zero programmability.

I keep saying you're looking at small time frames when judging WLT's performance. Your precious overpriced BTC just dumped again the past few hours, like everything else.

Bitcoin is not special. My Ethereum mining rigs were a lot more complicated than these ASIC appliances called "miners". It's a joke. A few bombs or strategic fires would wipe out some of these large mining farms. They are nice centralized targets. At least Ethereum mining was decentralized and difficult to attack because people were mining it everywhere in their homes. Now it is being staked everywhere which maintains the decentralization.

ZEC has the same finite supply as BTC. And better privacy. Bitcoin's finite supply could easily be removed and they probably will once the miners fall off as miner yields diminish.

There are many Ethereum holders that are loyal and won't capitulate as you claimed. In fact, Ethereum has surpassed Bitcoin in terms of long-term holders. So that's a pipe dream you have there. People realize Ethereum's value.

I can reply to more of your comments regarding marketing, but I'll leave that for a later date.

https://thecurrencyanalytics.com/altcoins/ethereum-surpasses-bitcoin-as-long-term-holders-surge-to-74-7-155081

Ethereum Surpasses Bitcoin as Long-Term Holders Surge to 74.7%

Ethereum (ETH) has outpaced Bitcoin (BTC) in terms of long-term holder ratios, with a notable 74.7% of Ethereum addresses now belonging to long-term holders. This figure surpasses Bitcoin’s long-term holder ratio, which stands at just over 60%.

This trend, revealed by data from the on-chain analytics platform IntoTheBlock, highlights a growing preference among investors to retain their Ethereum assets for extended periods. The increase in long-term holders reflects mounting confidence in Ethereum’s future trajectory, as many investors believe in its long-term value.

A Growing Trend for Ethereum
The data compiled by IntoTheBlock suggests that the number of long-term Ethereum holders has steadily risen throughout 2024, climbing from 59% at the start of the year to 75% by the end of 2024. In contrast, Bitcoin’s long-term holder percentage has steadily declined over the same period, falling from 70% to 62%.

 

[gib]

Come on buddy - you are smarter than that!

[gib]

ETH long term holding rate is INCREASING AS ITS PRICE IS FALLING.

BTC long term holding rate is less than ETH, YET ITS PRICE IS RISING.

Think about that for a moment....You have an asset being dispersed, with a rising price.

Its amazing how ETH hopers grasp at any possible news (even negative) and get some hope out of it.

Gotta go - will be back when ration of ETH falls below 1 eth to .03 BTC...

[gib]

Hey on another note, this World Liberty is really quite disgusting if you think about it.

First we had the Trump coins, which I warned about exactly as they hit peak mania. (As we now know, as of now, I was right with my warning).

But on WLT, the premise here, to investors, is that these guys are connected to the President, and so somehow have some inside knowledge as to what the grand plan is, or will provide favours to the founders and holders of these tokens they buy. And won't be persecuted for conflicts of interest or insider trading, because Trump appointed the SEC head. Absolute conflict, and I am glad to see greedy and shortsighted investors burned.

PS - I received 2 PMs from people thanking me for persuading them not to buy the Trump coin. So, there are people who view this thread other than us and just lurk, which is cool with me - although I would say don't be shy to join the conversation!

[obsidian]

Meme coins inherently require no proof of work to create. Hence they are infinite in supply. In some ways, the USD is actually the ultimate meme coin.

BTC's use case is the global decentralized most secure ledger for wealth. That was the purpose of its creation, And that's quite something.

Stable coins can run on an infinite number of blockchains. But they all ultimately provide the rails for inflows into BTC. Bad money always flows to better money.

Also, Eth just fell to a new low to BTC again by the way today, and is now at a 4.5 year decline trend to BTC. This trend will continue, over time, (for obvious reasons).

Obsidian - here is a little exercise I sometimes use on myself to help re-assess mindset. Spend a serious day, making all the arguments you could in favour of BTC, and against ETH. Write your thoughts down, go down rabbit holes and back out again, apply logic and objectivity, and most likely scenarios, and take the exercise in mental masturbation seriously. And then imagine you were invested in neither, and to allocate what wealth you do have at this point in time going forwards. I have done this over and over in my investment journey and applied it to property, venture capital, stocks, and other types of investment decisions. Humour me and do it. What harm can it do?

Incorrect - do some research. Doge Coin is POW and is considered a Meme. Many other chains have POW, including ZEC, Litecoin, Monero, etc.

Bitcoin is a Meme token.

Like Bitcoin, Dogecoin operates on a Proof-of-Work consensus mechanism. Unlike Bitcoin, it uses the Scrypt hashing algorithm rather than SHA-256.

There is nothing special about Proof-of-Work (POW).

Ethereum solo stakers have to configure validators on a computer with decent hardware. That computer validator still has to perform "WORK" to validate transactions. But it does it much more efficiently with less power consumption. It is better than Proof-of-Work.

Microsoft shareholders recently rejected Bitcoin reserves and stated they are interested in assets that offer yield.

I expect the SEC to approve ETH Staking for ETFs.

https://cryptoslate.com/microsoft-may-be-open-to-ethereum-etfs-despite-voting-against-bitcoin-reserves/

Microsoft may be open to Ethereum ETFs despite voting against Bitcoin reserves
VanEck's Matthew Sigel believes the tech giant's treasury strategy could embrace staking-enabled Ethereum ETFs, aligning with income goals.

Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features.

The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin (BTC) as a treasury asset, Hood’s comments highlighted the tech giant’s openness to exploring digital assets.

During the meeting, Hood noted that Microsoft began accepting crypto payments in 2014 and continues to assess its potential as an asset class. She outlined the company’s investment criteria, emphasizing liquidity, capital preservation, and income generation as top priorities.

Hood explained that Microsoft’s treasury team, in collaboration with the Board of Directors, evaluates all available asset classes. She emphasized that the company prioritizes preserving capital, maintaining liquidity to support operations, partnerships, and investments, and generating income as key objectives in its investment strategy.

VanEck’s head of digital assets research, Matthew Sigel, interpreted Hood’s comments as a signal that Microsoft might consider Ethereum-focused investment products, particularly those leveraging staking.

He noted that the company’s focus on yield aligns with the potential benefits of staking-enabled ETFs, which generate rewards by participating in Ethereum’s proof-of-stake network. Sigel added that yield-generating assets are more likely to align with Microsoft’s investment goals.

[Mayday]

Alts are suffering from exactly what I warned about 2yrs ago would happen this cycle. The velocity of alts occurs so fast, pumps have no liquidity and it’s all rug pulls and scam duplications.

Leverage isn’t even the problem, it’s spot. plebs are buying spot and losing -99% from rug pulls in 1 trade.

Coinbase has said there is 1M new tokens per week and they can’t do due diligence….. they didn’t do any of that anyway but more the point, they are going to scale back alt listings.

We want to see main exchanges reduce to a small pool of tokens per network. Drive the narrative of the last cycle coins have legitimacy.

[obsidian]

ETH long term holding rate is INCREASING AS ITS PRICE IS FALLING.

BTC long term holding rate is less than ETH, YET ITS PRICE IS RISING.

Think about that for a moment....You have an asset being dispersed, with a rising price.

Its amazing how ETH hopers grasp at any possible news (even negative) and get some hope out of it.

Gotta go - will be back when ration of ETH falls below 1 eth to .03 BTC...

Bitcoin got a huge boost from the Biden SEC because of Gensler failing to declare Ethereum a commodity. This created uncertainty for institutional investors. The SEC also suppressed the XRP price because of their lawsuit which was filed in late 2020. Ethereum is a much bigger threat to Tradfi than Bitcoin, for obvious reasons. Meanwhile Gensler on his way out the door claimed he never declared Ethereum a security.

Ethereum right now is a fucking bargain compared to the Bitcoin Meme token. But please, do not buy any Ethereum. Keep stacking your Meme! 

[obsidian]

Alts are suffering from exactly what I warned about 2yrs ago would happen this cycle. The velocity of alts occurs so fast, pumps have no liquidity and it’s all rug pulls and scam duplications.

Leverage isn’t even the problem, it’s spot. plebs are buying spot and losing -99% from rug pulls in 1 trade.

Coinbase has said there is 1M new tokens per week and they can’t do due diligence….. they didn’t do any of that anyway but more the point, they are going to scale back alt listings.

We want to see main exchanges reduce to a small pool of tokens per network. Drive the narrative of the last cycle coins have legitimacy.

Bitcoin's market dominance is unjustified because it is a Meme token with no utility. It has the first mover advantage and relentless marketing. Bitcoin is mentioned everywhere on TV and online. It is a short word with one syllable. These are the only advantages Bitcoin has.

If Ethereum was mentioned more in the news it would get on people's radar more. Your average grandma or grandpa have probably heard of Bitcoin but not Ethereum.

Ethereum marketing firm launch ‘perfect timing’ to make bull case to Wall St
The Ethereum Foundation-backed marketing firm Etherealize is looking to address the lack of institutional education on the blockchain.

An institution-focused Ethereum marketing firm has launched with “perfect timing” to pitch the bull case for the blockchain to Wall Street with US President Donald Trump now in office, says Anthony Sassano.

Etherealize, backed with funding from the Ethereum Foundation and Ethereum co-founder Vitalik Buterin, launched on Jan. 22 with the goal of educating institutions on the blockchain and its token Ether.



https://cointelegraph.com/news/ethereum-marketing-firm-etheralize-perfect-timing-wall-st

[Mayday]

But do you see the irony?

BTC was first and then others and ETH jumped in which diluted the market.

2020-21 ETH added 10,000 tokens to the market. BTC holders complained an out the dilution. SOL also started.

2024-25 SOL added 1M+ tokens to the market and soaked up the alt liquidity. ETH holders now complaining about the dilution…..

BTC appeals because it’s just BTC. It isn’t BTC+1M million pieces of Shit hanging off it all taking liquidity.

You probably still have 2mths of gib flinging shit at you about ETH.

[Griffith]

World Liberty Financial bought another $10.5 million ETH.

[gib]

World Liberty Financial bought another $10.5 million ETH.

World Liberty really is an embarrassing sham. They has so far lost their investors 158% with ETH being their biggest loss so far. And that's just in the first few weeks.

Look at their website - looks really tacky. "Inspired by Donald J Trump - be defiant" is their slogan lol.

And then you pay a massive fee over time for all their advisors, lawyers, finance and accounting teams, their "co-founders" and "web-3 ambassadors" etc lol. All that needs to be paid from investors money, and the of course they take their annual commission.

Really just a bunch of money grabbing grifters, trying to run a crypto hedge fund for the first time, sucking money from naive investors.

Stay away.

[gib]

But do you see the irony?

BTC was first and then others and ETH jumped in which diluted the market.

2020-21 ETH added 10,000 tokens to the market. BTC holders complained an out the dilution. SOL also started.

2024-25 SOL added 1M+ tokens to the market and soaked up the alt liquidity. ETH holders now complaining about the dilution…..

BTC appeals because it’s just BTC. It isn’t BTC+1M million pieces of Shit hanging off it all taking liquidity.

Yesl that is indeed the irony, and why ETH long term is doomed from a valuation and investor demand perspective. And by the way, that shitcoinery and drain on liqudity, and also the distinction and understanding of BTC vs alts, will, for obvious reasons, become enhanced over time, especially under Trump's presidency. We saw that pretty much with the Trump coin and we will see numerous other examples of it over the next few years.

[gib]

Bitcoin's market dominance is unjustified because it is a Meme token with no utility. It has the first mover advantage and relentless marketing. Bitcoin is mentioned everywhere on TV and online. It is a short word with one syllable. These are the only advantages Bitcoin has.

If Ethereum was mentioned more in the news it would get on people's radar more. Your average grandma or grandpa have probably heard of Bitcoin but not Ethereum.

No matter what name you use to describe BTC, it is what it is, and it keeps doing what it does. That will be the case whether you call it a meme, digital gold, of a banana. Look at the underlying technology and look and the adoption. And as yourself why its BTC and not another POW coin being adopted. (And you know very well why).

As for BTC's "brand awareness" and first mover, etc, yes that is precisely the point. An investment in BTC is a bet on future adoption. So, we need to look at what factors drive this. Same reason Coca Cola has dominated for over 10 years, despite an infinite number of essentially the same "alts".

[obsidian]

But do you see the irony?

BTC was first and then others and ETH jumped in which diluted the market.

2020-21 ETH added 10,000 tokens to the market. BTC holders complained an out the dilution. SOL also started.

2024-25 SOL added 1M+ tokens to the market and soaked up the alt liquidity. ETH holders now complaining about the dilution…..

BTC appeals because it’s just BTC. It isn’t BTC+1M million pieces of Shit hanging off it all taking liquidity.

You probably still have 2mths of gib flinging shit at you about ETH.

Why not BTC+ETH+XRP+SOL+BNB+DOGE+ADA+AVAX+ZEC+XMR+1M million pieces of Shit hanging off? Why should BTC have ALL the liquidity, especially when Saylor's entity already owns 2% of the supply and there is no signs he will slow down. He is probably aiming for 1 million BTC. The more his company acquires the less appealing BTC becomes to me.

Here is a very interesting video where lead Ethereum developer Justin Drake and Scott Aaronson discuss the threat quantum computing poses. I play these videos at 2x to move through them. I will probably listen to this again on a coffee drive. Justin suggests that Bitcoin might eventually end up on Ethereum. They also discuss the risks with Satoshi's coins being mined and a lot of other interesting topics.

[obsidian]

No matter what name you use to describe BTC, it is what it is, and it keeps doing what it does. That will be the case whether you call it a meme, digital gold, of a banana. Look at the underlying technology and look and the adoption. And as yourself why its BTC and not another POW coin being adopted. (And you know very well why).

As for BTC's "brand awareness" and first mover, etc, yes that is precisely the point. An investment in BTC is a bet on future adoption. So, we need to look at what factors drive this. Same reason Coca Cola has dominated for over 10 years, despite an infinite number of essentially the same "alts".

Watch the video with Justin Drake above. Very interesting.

[gib]

Incorrect - do some research. Doge Coin is POW and is considered a Meme. Many other chains have POW, including ZEC, Litecoin, Monero, etc.

Bitcoin is a Meme token.



https://cryptoslate.com/microsoft-may-be-open-to-ethereum-etfs-despite-voting-against-bitcoin-reserves/

Microsoft may be open to Ethereum ETFs despite voting against Bitcoin reserves
VanEck's Matthew Sigel believes the tech giant's treasury strategy could embrace staking-enabled Ethereum ETFs, aligning with income goals.

Microsoft’s evolving interest in crypto investments has sparked speculation about the tech giant’s potential adoption of spot Ethereum (ETH) ETFs once they enable staking features.

The discussion follows remarks made by Microsoft CFO Amy Hood during the company’s annual shareholder meeting. While shareholders overwhelmingly rejected a proposal to adopt Bitcoin (BTC) as a treasury asset, Hood’s comments highlighted the tech giant’s openness to exploring digital assets.

During the meeting, Hood noted that Microsoft began accepting crypto payments in 2014 and continues to assess its potential as an asset class. She outlined the company’s investment criteria, emphasizing liquidity, capital preservation, and income generation as top priorities.

Hood explained that Microsoft’s treasury team, in collaboration with the Board of Directors, evaluates all available asset classes. She emphasized that the company prioritizes preserving capital, maintaining liquidity to support operations, partnerships, and investments, and generating income as key objectives in its investment strategy.

VanEck’s head of digital assets research, Matthew Sigel, interpreted Hood’s comments as a signal that Microsoft might consider Ethereum-focused investment products, particularly those leveraging staking.

He noted that the company’s focus on yield aligns with the potential benefits of staking-enabled ETFs, which generate rewards by participating in Ethereum’s proof-of-stake network. Sigel added that yield-generating assets are more likely to align with Microsoft’s investment goals.

Not incorrect - I didn't say there were not other POW coins also. Yes there are some, but clearly only BTC has succeeded as being adopted as global money. As you well know, ETH can be forked or copied an infinite number of times in theory. In reality that always has failed.

As for MSFT possibly buying ETH "because that want yield", this again is an example of really nonsense Eth die-hards grasping at straws. If you understand anything about treasury capital management, when they are talking about yield they are talking about bonds (not even equities), let alone ETH lol.

The Eth "yield" is largely a load of deceptive nonsense. Eth's value is diluted to the extent more "yield" is created through issuing more ETH rewards. Unfortunately, you can't create more value from the same size pizza cutting it up into smaller slices. If you want a BTC "yield" you can simply sell off small amounts (of an asset gaining in value faster then ETH, essentially diluting yourself in the same way to get "yield"), or you can of course adopt a Saylor strategy borrowing against a declining USD.

And with that, I am done for a bit. Not too much more I can contribute for now. Wishing all great success, and see you all BTC 150K!!!

[Mayday]

Why not BTC+ETH+XRP+SOL+BNB+DOGE+ADA+AVAX+ZEC+XMR+1M million pieces of Shit hanging off? Why should BTC have ALL the liquidity, especially when Saylor's entity already owns 2% of the supply and there is no signs he will slow down. He is probably aiming for 1 million BTC. The more his company acquires the less appealing BTC becomes to me.

Here is a very interesting video where lead Ethereum developer Justin Drake and Scott Aaronson discuss the threat quantum computing poses. I play these videos at 2x to move through them. I will probably listen to this again on a coffee drive. Justin suggests that Bitcoin might eventually end up on Ethereum. They also discuss the risks with Satoshi's coins being mined and a lot of other interesting topics.

Because it’s a finance tool.

I posted a bit about this before and why I abandoned my inflation model despite it being bang on so far. The US will use BTC to absorb liquidity and store it for later.

To hide inflation you need only 1 tool but it has to be big enough to allow the super rich finance sector to onboard into it.

BTC is not included in the CPI. So they pump BTC to allow it to capture more liquidity. Liquidity  that would have bid oil, wheat, corn and commodities which ARE included in CPI 😉 this is how they will fuck with the 3 wave model. The inflation wave occurs inside NTC leaving commodities and rates to drop lower as speculative dollars are captured and stored.

Once the cycle is over, liquidity is released.

[obsidian]

As you well know, ETH can be forked or copied an infinite number of times in theory. In reality that always has failed.

Bitcoin can also be forked and has forked - that's why there is Bitcoin Cash. Justin Drake goes into more potential Bitcoin future forks in the video I posted.

[obsidian]

Because it’s a finance tool.

Ethereum is the finance tool, not Bitcoin. That's why Swiss and German banks are developing products on Ethereum along with BlackRock, etc.

Trump's crypto reserve order did not mention Bitcoin specifically but cryptocurrencies in general. We'll see what comes out. But if you look between the lines and ignore Ethereum's current price action you can see what's being brewed behind the scenes.

Bitcoin is a token with almost no more utility than Doge in its current form.

[gib]

Please do watch this. These guys are super smart.

They explain how the start of Eth's downfall was marked by the merge and move to POS.

They explain how and why Sol was chosen for the Trump and Melania coin rugpull (basically Eth was too expensive, and also could not handle the throughput).

They talk about how even Vitalik and members of the Eth foundation are dumping their ETH.

They discuss various ETH developers and funders leaving in dissatisfaction and renouncing their belief in Eth.

They calculate a fair market value of ETH at around $100 based on a typical valuation applied to a tech company.

Whilst they prise SOL, they predict that what SOL is doing to ETH will itself be done to SOL by a new technology next cycle.

They explain that ETH was initially launched and promoted in a misleading way, in that it had both technical features for smart contracts and could at the same time also function as a store of value (thus being "better that BTC) - a narrative which entirely failed over time.

Mixed views on whether to feel sorry for ETH believers or not, given the ongoing slow and painful decline.

Explain (similar to the point MayDay made above), that Eth is valued on its technical features, whereas BTC is valued on its store of value function, hence the growing disparity in valuation between the two. I have also made this point to Obsidian numerous times - he is confusing his interest and enthusiasm for the technical features of ETH with value, which are two entirely different things. Indeed, for ETH to be useful and used, it inherently must be cheap - two metrics that are entirely incongruous with each other - that is slowly becoming obvious to all.

Do take a listen, do some serious reflection, and let us know your thoughts. I really have tried my best to help you all here on this.

PS - on a related note, ETH just now hit yet another low (4.5 year decline) to BTC. As you all know I predicted this perfectly back when Eth was 0.057 to on BTC. Its now 0.031, and I will expect it will fall below 0.03 over the next few months. I would urge all to get out now, cut losses and scale into BTC. Its absolute insanity to keep holding in a situation like this - do not gamble with your future, when the obvious route to long term success (and failure) is so obvious.

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