BITCOIN

DannyCarey

thegentleway said:

Believing Bitcoin will skyrocket is one thing. Being certain of it is quite another.
I really struggle to see how Bitcoin will dominate long term. All it really has is first mover advantage which is not a guarantee for success, e.g. Netscape. I don’t see how Bitcoin will be able to keep up with innovation and it is therefore doomed to fail. All it can hope for is to be a store of value, which it can’t be with ridiculous volatility and surely the dominant crypto(s) of the future will fulfil any current use Bitcoin has and much more, rendering it utterly defunct.
What do you estimate is the critical mass for a crypto to be too big to fail? It would seem you are extremely confident Bitcoin has long surpassed this threshold and is virtually guaranteed to be the one out of the 25,000 cryptos in current existence that will succeed. 

Tell me you don't understand bitcoin without telling me you don't understand bitcoin.  

Adyinvestment

Europe has voted to regulate Crypto which is fantastic news for Bitcoin and everything Crypto, for me tightly regulating the stable coin space would be very welcome.

I was surprised by the majority this was voted for.

https://www.cnbc.com/2023/04/20/eu-lawmakers-approve-worlds-first-comprehensive-crypto-regulation.html

aaj123

Adyinvestment said:

Europe has voted to regulate Crypto which is fantastic news for Bitcoin and everything Crypto, for me tightly regulating the stable coin space would be very welcome.

I was surprised by the majority this was voted for.

https://www.cnbc.com/2023/04/20/eu-lawmakers-approve-worlds-first-comprehensive-crypto-regulation.html

Indeed, regulating the ecosystem is positive in every way as that is where all the recent pain has emerged from. The underlying asset is by nature decentralised and will remain so. For instance, no regulation can tinker with the supply schedule of Bitcoin and the key characteristic that makes it hard unlike fiat. It could attempt to regulate mining but then the nature of the activity is such that it cannot be prevented from moving to where it wants. A lot of misundetrstanding and confusion exists among the public about the asset vs ecosystem and the general; comments seem to merge both of them.

Scottex99

Malthusian said:

Scottex99 said:

Actually there will be (at least) one more sh111tcoin in the market this time tomorrow, I know because our IEO goes live haha

Imagine investing in global economic value-added activity via Vanguard LifeStrategy and posting on Internet forums about how "there'll be another bunch of random strangers losing their life savings to us tomorrow to boost our retirement funds, haha, sucks to be them".
(For those not keeping up with the acbronyms, IEO = Initial Exchange Offering = people give you money and in exchange you give them tokens which you have generated by pushing a button on your computer.)

Yeah because if I was planning to lure people into losing their life savings, I’d be posting it openly here.

For the record, both IEOs sold out, one in 4mins. And we have 20k downloads of our app.

Nothing is guaranteed, especially in crypto but we’re fully intending to build a nice little community and offer products that people want to use.

Also fully regulated, and always have been

mooneysaver

Frequentlyhere said:

mooneysaver said:

Anyone heard any updates? Last mesage I saw was the LP was compromised and then radio silence.

I don't know why I bothered but I googled this rather cryptic (ba-boosh) message. I think @mooneysaver is referring to a "hack" of Safemoon's liquidity pool.

To be blunt, I think the update probably is that this is not a thread about Safemoon and that Bitcoin fanatic or cynic alike, no-one cares about Safemoon.

Hmmm, you think its a hack but some people saying its a code exploit. What Youtubes are you guys getting your updates from.

@dannycarey any discussions of this at Nike?

Malthusian

mooneysaver said:

What Youtubes are you guys getting your updates from.

The problem with "do your own research bro" in eight words.
My tech-ese is a bit rusty but I'm pretty sure "hacking" and "code exploit" are the same thing, or at least B is a subset of A.

Exodi

mooneysaver said:

Frequentlyhere said:

mooneysaver said:

Anyone heard any updates? Last mesage I saw was the LP was compromised and then radio silence.

I don't know why I bothered but I googled this rather cryptic (ba-boosh) message. I think @mooneysaver is referring to a "hack" of Safemoon's liquidity pool.

To be blunt, I think the update probably is that this is not a thread about Safemoon and that Bitcoin fanatic or cynic alike, no-one cares about Safemoon.

Hmmm, you think its a hack but some people saying its a code exploit. What Youtubes are you guys getting your updates from.

@dannycarey any discussions of this at Nike?

Can we keep the discussion to Bitcoin please. Safemoon has long been considered a scam by most (no-coiners and I expect the majority of pro-coiners on this thread). Only the loyal 'safemoon army' will defend it and I'd be amazed if any of them visited informative forums like MSE.

John Karony had been siphoning the LP long before this '$9M exploit' became public - and it would suprise absolutely no-one if it turned out that he was behind this also.

aaj123

Ordinals are an interesting development on the Bitcoin chain and are the reason why transaction count has increased in recent days. There is some debate ongoing though about whether one should be glad about these for being able to generate fees and secure the chain or be annoyed that the chain is being clogged with one satoshi transactions that are only intended to inscribe NFT like data on the Bitcoin chain.

While I hold both BTC and ETH, I am increasingly getting a sense that there is too much drama on the BTC chain while ETH post the merge and recent Shapella upgrade is ticking along like a supreme well oiled machine while also being environmentally friendly.

mooneysaver

Malthusian said:

mooneysaver said:

What Youtubes are you guys getting your updates from.

The problem with "do your own research bro" in eight words.
My tech-ese is a bit rusty but I'm pretty sure "hacking" and "code exploit" are the same thing, or at least B is a subset of A.

I can see your confusion: 'Hack' can mean both 'gain unauthorized access to data in a system or computer' and 'a piece of computer code providing a quick or inelegant solution to a particular problem'. In English where words have two meanings we can often figure out which one the author means by looking at the context in the rest of the sentence.

Here's a good beginner's guide to reading in context: https://readingstrategiesmsu.weebly.com/context-clues.html

retiringtoosoon

mooneysaver said:

Malthusian said:

mooneysaver said:

What Youtubes are you guys getting your updates from.

The problem with "do your own research bro" in eight words.
My tech-ese is a bit rusty but I'm pretty sure "hacking" and "code exploit" are the same thing, or at least B is a subset of A.

I can see your confusion: 'Hack' can mean both 'gain unauthorized access to data in a system or computer' and 'a piece of computer code providing a quick or inelegant solution to a particular problem'. In English where words have two meanings we can often figure out which one the author means by looking at the context in the rest of the sentence.

Here's a good beginner's guide to reading in context: https://readingstrategiesmsu.weebly.com/context-clues.html

Or, more recently, used in vomit inducing click bait headlines in articles promoting s*it tier goods. #hacks