posted by ernest_t_bass
I feel like I could interpret this response in several ways.
Bitcoin mining is also the bitcoin monetary policy in action. No one actor can change the monetary policy without it being rejected by everyone else. Say a miner finds a solution to the lottery and creates their block. They get greedy and decide to add 50 btc to their coinbase. Every node on the network is going to reject it as an invalid block, and the miner just lost out on actually getting the 6.25 btc they were entitled to. Bitcoin incentivizes honesty and cooperation.
Meanwhile, at the Federal Reserve...
One of my favorite things about bitcoin is how it made a bunch of iconoclastic and forward thinking humans very wealthy.
Could that change the world? It certainly won’t hurt.— Michael Krieger (@LibertyBlitz) May 7, 2021
This is pretty cool.
I just published Announcing The Bitcoin Car.
— Jack Mallers (@JackMallers) May 12, 2021
This year, at the Indy 500, car #21 will be racing for #Bitcoin, human freedom, financial literacy, financial inclusivity, savings technology, and Bitcoin open-source development.
Let's go win a fucking race.https://t.co/H5vP6a2wmq
The finance industry is taking crypto mainstream by building #Bitcoin into their insurance, banking, & investment products. @Newsweek says 46 million Americans now own Bitcoin.https://t.co/Wj6Ymk0hYU
— Michael Saylor (@michael_saylor) May 12, 2021
I am buying the shit out of this dip.
posted by justincredibleI am buying the shit out of this dip.
Thoughts on Musk not accepting Bitcoin for Tesla and Tesla stock going down and not getting along with China? I’m interested in the Tesla stock.
I'm not too interested in Tesla stock, or any beef with China.
As for his remarks on bitcoin that knocked down the ENTIRE crypto market (that is meaningful to me, if he trashed ethereum or dogecoin bitcoin would not have been phased), I'm not 100% sure what his motivations were.
He's already confirmed on twitter that he knows bitcoin incentivizes green energy, so his comment was kind of odd. Could be a God complex (let's see how much I can manipulate the market), which could also feed into Tesla buying a lot more at lower prices. I've seen speculation that he's working on a solar bitcoin mining rig, which would be awesome, but I find highly unlikely. Or, being the government subsidy recipient he is, he might be compromised from that angle. Time will tell, but I appreciate the cheap sats.
i finally put my toe into the crypto world about 4 weeks ago. I did a fair amount of research and put all my money into ADA and MATIC. ADA because it was a low energy to "stake" or mine. and MATIC because of the lower cost to transfer on the network.
Plus my former employer was partnering with some company to rig up Natural Gas generators on flare sites in North Dakota with the end goal being to use that gas to mine bitcoin, and that leadership group has never made the right decision ever in their history, so i wanted to fade their decision. for now, that seems like the right call.
posted by j_crazyi finally put my toe into the crypto world about 4 weeks ago. I did a fair amount of research and put all my money into ADA and MATIC. ADA because it was a low energy to "stake" or mine. and MATIC because of the lower cost to transfer on the network.
Plus my former employer was partnering with some company to rig up Natural Gas generators on flare sites in North Dakota with the end goal being to use that gas to mine bitcoin, and that leadership group has never made the right decision ever in their history, so i wanted to fade their decision. for now, that seems like the right call.
Bitcoin thread:
So how about this dip?
Wells Fargo has changed its mind on #bitcoin
The bank with $2 trillion under management, calls cryptocurrency "an investable asset" and is now letting only their wealthy clients buy it. pic.twitter.com/TH13cmjNHe— Documenting Bitcoin 📄 (@DocumentingBTC) May 19, 2021
posted by justincredible
Wells Fargo has changed its mind on #bitcoin
The bank with $2 trillion under management, calls cryptocurrency "an investable asset" and is now letting only their wealthy clients buy it. pic.twitter.com/TH13cmjNHe— Documenting Bitcoin 📄 (@DocumentingBTC) May 19, 2021
Only letting the wealthy invest in it? #BITCOINISRACIST
posted by j_crazyPlus my former employer was partnering with some company to rig up Natural Gas generators on flare sites in North Dakota with the end goal being to use that gas to mine bitcoin, and that leadership group has never made the right decision ever in their history, so i wanted to fade their decision. for now, that seems like the right call.
This is the ultimate future of bitcoin mining in the United States, IMO. It's still early, but what I'm seeing is very promising for those businesses implementing this strategy right now.
I just bought a couple million sats at $50-55k last week after selling a bunch of shit I didn't need anymore. My timing SUCKED.
Is there an ETF or similar vehicle for crypto investing?
posted by QuakerOatsIs there an ETF or similar vehicle for crypto investing?
I believe there are options out there but I'm not familiar with them.
posted by justincredibleSo how about this dip?
Looking pretty much identical to the last 3 crashes. Runs up to an unsustainable and completely irrational price, runs out of steam, and then starts a free fall.
Last 3 crashes all donked off >80%, by the way. When it gets down to $10k, I might finally buy this time for shits and giggles.
Definitely been an interesting proof of "there's a sucker born every minute". It's a casino, nothing more and nothing less. Might explain why it keeps coming back after wrecking the life savings of the dumbasses who think it's an investment.
posted by justincredibleLOL. It's far more likely to be funding terrorism. The rationalizations behind Bitcoin are endlessly hilarious. It's a zero-sum game - your gain is someone else's loss. I'd guess 99% of bitcoin buyers don't understand that. Of course, most bitcoin buyers also think the stock market is rigged and straight-up gambling.He's already confirmed on twitter that he knows bitcoin incentivizes green energy
Here comes gut...
posted by gutLooking pretty much identical to the last 3 crashes. Runs up to an unsustainable and completely irrational price, runs out of steam, and then starts a free fall.
Last 3 crashes all donked off >80%, by the way. When it gets down to $10k, I might finally buy this time for shits and giggles.
Definitely been an interesting proof of "there's a sucker born every minute". It's a casino, nothing more and nothing less. Might explain why it keeps coming back after wrecking the life savings of the dumbasses who think it's an investment.
Which 3 crashes? What is the current price compared to the beginning of the 1st crash you're referring to?
You must be referring to when it crashed from $10 to $2, and then $1000 to $200, and then $20,000 to $3500.
Just BRUTAL.
Stacked in gut's honor.
I'm buyin too. Get with it Gut!
