Bitcoin Chat (BTC)

Message for MrDingALing,

I have an investment in Evgen Pharma and they seem to be seeing good results with their product which is based on a natural ingredient Sulforaphane.

I'm not trying to pump EVG as they are still very much in testing phase but Sulforaphane might be able to help your friend and is readily available as a dietary supplement.

Sulforaphane and Its Effects on Cancer, Mortality, Aging, Brain and Behavior, Heart Disease & More
FoundMyFitness
463K subscribers
2,176,940 views Dec 12, 2016
https://youtu.be/zz4YVJ4aRfg

I’m sorry I know this has nothing to do with Bitcoin but I’m trying to push as far as I can to raise funding for experimental treatment to hopefully save a friends life or at least extend it. https://www.gofundme.com/f/dendritic-cell-therapy-help-me-to-fight-cancer?viewupdates=1&rcid=r01-167904678216-9605b6bec4a911ed&utm_medium=email&utm_source=customer&utm_campaign=p_email%2B1137-update-supporters-v5bIf anyone knows anyone who might be willing to donate that would be very appreciated and outright kind . Follow the link above for detailsRegards,

This is what ChatGPT says, so it must be right lol:

"is bitcoin a tangible asset

No, Bitcoin is not a tangible asset. A tangible asset is a physical object with intrinsic value, such as real estate, gold, or artwork. Bitcoin is a digital asset and exists only as a series of entries on a decentralized ledger (the blockchain). While it can be stored and traded, it does not have a physical form and cannot be touched or held like a tangible asset."

TANGIBLE suggests what is capable of being handled or grasped both physically and mentally.

Perhaps best to not split hairs over definitions, lets just say if you want my BTC right now I want $27,222.00 per BTC but they are not for sale :-)

Gold coins, like sovereign's, can be classed as legal tender but the metal value far exceeds the nominal value, so it isn't money in the true sense of the word.

The definition of Tangible is:
"Something that's literally tangible can be touched. A rock is tangible, and so is a broken window; if the rock is lying next to the window, it could be tangible evidence of vandalism. When we say that the tension in a room is tangible, we mean we feel it so strongly that it seems almost physical. But if we're being literal, tension, like hope, happiness, and hunger, is literally intangible—it may be real, but it can't be touched. When lawyers talk about an intangible asset, they might mean something like a company's good reputation—very valuable, but not quite touchable."

https://www.merriam-webster.com/dictionary/tangible

Bitcoin and Crypto tokens in general are intangibles. Bitcoin doesn't have a tangible value, because the token isn't associated with anything in the physical world. If it was backed by something real, like Gold, or oil, then I'd agree there's an argument for it to be described as having a tangible value, but the biggest driver of the Bitcoin price is sentiment and that is most definitely intangible.

In this interview Schiff said he doesn't like Gold as an investment he likes Gold as money...
35,844 views Mar 19, 2023
https://youtu.be/4gvRQL5qEGw

That doesn't make any sense to me.. How can Gold be money when I can't send or spend Gold today?

I posted the Exodus wallet on here a couple of days ago https://www.exodus.com/ and if you had downloaded it to your phone or PC I could send you Bitcoin (or other supported crypto's) 24/7 365.
I can also buy goods and services around the world using that wallet/ crypto (where it is accepted)

Gold jewellery is pretty, Gold coins are also attractive if a tad gimmicky and now Banks in China are even rolling out Gold Harry Potter collectibles... But to say it is money makes no sense

If Central Banks decide to dump for whatever reason Gold will be seen for what it is, an over valued shiny metal :-)

If you download Exodus i'll send you some Sats via lightning if you like ;-)

The Banking Crisis Has Gone Global
Peter Schiff
529K subscribers
132,700 views Mar 17, 2023
https://youtu.be/J4-wJCmTumo

I'm not a Gold Bug, I see it as an overvalued shiny metal but I do like Peter Schiff

"That's me liking your posts btw "

Cheers, I only said that on the QBT page to wind that guy up.

U.S. crypto miners may end up being subject to a 30% tax on electricity costs under President Joe Biden’s budget proposal to reduce bitcoin mining.
https://news.coincu.com/172619-us-taxes-30-electricity-bitcoin-mining/

A clause in the department’s “Greenbook,” a compilation of tax ideas and justifications for the president’s budget proposal, would levy businesses increasing excise tax on “using computational resources” to mine cryptocurrencies based on the price of the power consumed in that process.

It was suggested that the tax would go into effect after December 31 and be phased in over three years at a rate of 10% each year, rising to the top tax rate of 30% by the third year.

Interestingly Mawson's Feb update yesterday was more focussed on rev's than BTC mined and they managed to dodge to BTC miners drop.... Obviously tax will affect their bottom line but most of their rev came from hosting so maybe they can weather the storms better than others by passing on any additional leci costs... ?

That's me liking your posts btw ;-)

Not sure what happened then, I'll start again.

I nearly posted on QBT yesterday, to express my opinion that what they're trying to achieve is likely unachievable. Their AI algorithm would have to look at the unchangeable data, making up the block, then calculate changes to the Nonce with the aim of reducing the SHA-256 Hash below the target Hash. Each change of the Nonce will alter the whole SHA Hash, so their AI algorithm will have find a way to alter the Nonce and efficiently reduce the Hash. Even if they achieve their goal, they then have to convince miners to incorporate the algorithm into their Farm's. With the halving coming in next year, would miners want to share their profits? And if all the miners managed to get a 30% speed boost, the Proof of Work algorithm would increase Bitcoin difficulty to maintain validations at 10 minutes per Block. I decided not to post on there, as they get upset very easily.

I nearly posted on QBT, to express my opinion that what

It does seem that nChain are most likely acting as advisors and although they are talking about BSV being used by central banks as you say it is unlikely this will happen (imo)

Nigeria introduced eNaira their CBDC in 2021;
What is eNaira?
In simple terms, eNaira is a digital currency developed using private blockchain-based Hyperledger Fabric, an open-source DLT which unlike the decentralized public blockchain that cryptocurrency operates on, is not accessible to everybody like cryptocurrency is, it operates on the principle of a permissioned blockchain.

https://www.dignited.com/87013/what-is-enaira-cbn-digital-currency-explained/#:~:text=In%20simple%20terms%2C%20eNaira%20is%20a%20digital%20currency,operates%20on%20the%20principle%20of%20a%20permissioned%20blockchain.

Will have to keep an eye on any developments in this sector..

Fascinating watching BSV calling out the rest of Crypto as a manipulated fraud.

https://ayre.group/news/articles-by-calvin/calvin-ayre-2023-predictions-innovation-on-bsv-blockchain-will-win

"nChain are actively working on CBDC's using Bitcoin SV which although I may not welcome CBDC's makes me look closer at Bitcoin (sv) as an interesting and for the most part overlooked investment opportunity"

Why would Central Banks use Bitcoin BSV though? It relies on proof of work and granted you can have an unlimited Block size, but why not use proof of stake for CBDC's, with the various stakeholders being the different Central Banks managing their own currencies?
If they do introduce CBDC's, the Central Banks will control the issuance and validation of tokens, so it'll be controlled centrally anyway. I'd be surprised if they went for a Proof Of Work model, but what do I know? It's just my opinion and I know very little about the associated technologies.

I'm finding it fascinating researching BSV. I was looking into the Bitcoin SV Experiential Reality (XR) company Transmira and Calvin Ayre/ Dr Craig Wright which leads neatly into all things BSV like nChain, TAAL, The London Blockchain Conference and Coin Geek specifically investment by Ayre Group.

https://ayre.group/news/articles-by-calvin/get-ready-for-big-things-in-2023-calvin-ayre-end-of-year-message-to-bsv

I just bought more Bitcoin sv lol

milk chocolate casino chips lol, I actually agree with you in that 99.9 % of crypto is junk, pump and dump fantasy casino chips that serve only to enrich a few while fleecing the many...

However we all know CBDC's are coming at some point and although many people push back in videos and blogs the reality is that Satan Claus, Gates and their not so secret gangs will most likely bring in whatever they desire.

nChain are actively working on CBDC's using Bitcoin SV which although I may not welcome CBDC's makes me look closer at Bitcoin (sv) as an interesting and for the most part overlooked investment opportunity....

CBDC's are unlikely to transact using milk chocolate chips ;-)

"Craig is the inventor of Bitcoin, and established nChain in 2015, where his ideas have led to several thousand patent applications."

Blockchain was conceived well before 2008 and anyone can create their own Blockchain, so I'm pretty sure any patents will be challenged in many different ways.

https://kriptomat.io/blockchain/history-of-blockchain/

Craig is the inventor of Bitcoin, and established nChain in 2015, where his ideas have led to several thousand patent applications.

https://patents.google.com/?assignee=nChain&num=100&oq=nChain

https://nchain.com/solutions/cbdc/

Patents covering smart contracts and even for 'Virtual currency system' does that mean Central Banks will have to seek permission for creation CBDC's and pay royalties to nChain ?

Imagine if Satoshi (Craig) said no to governments, not unless you use my Blockchain Bitcoin SV lol

A large percentage of the mining is done by Taal:
https://explorer.viawallet.com/bsv

My guess is that nChain and The Bitcoin Association has chain security and legality covered or very much at the top of their concerns list (only a guess)
https://nchain.com/blockchain/blockchain-infrastructure/

https://bitcoinassociation.net/

The whole BSV, nChain and Bitcoin Association collaboration seems way ahead of the rest (imo)

"I'm pretty certain BSV now has unlimited block size "

That creates its own problem, the larger the Block the more data storage required by miners and nodes. Something else to consider is who Polices the chain? Since placing Immutable images or video on the blockchain, opens up all sorts of possible issues around undeletable illegal content being stored on nodes. If criminals did put illegal content on the Blockchain like certain pornography, if I'm understanding it correctly the only way to remove it would be to introduce a hard fork on the preceding Block, potentially losing all transactions post the illegal content and every node on the Blockchain requiring a resynchronization. There are probably other issues with storing data within an immutable Blockchain (Database/Ledger), one of them being lost tokens due to loss of private keys, which everyone already knows about.

I'm pretty certain BSV now has unlimited block size and I wouldn't say I have a better understanding than you, probably the opposite :-)

The deeper I look the more I am convinced Bitcoin SV are the way forward but that goes against the industries desire to create chains, crypto and opportunities to commit fraud which is why it was restricted and delisted from Robin Hood, Coinbase and Binance (crooks)

This chap is building on BSV and put out a couple of very interesting videos over the past few years:

Intro to Bitcoin SV
Kevin Healy
8.59K subscribers
4,785 views May 19, 2022
https://youtu.be/Vt2SreYO7mo
Now I know why parking using Card payment is extorsion lol

Kevin Healy
Why I Believe Craig Wright is Satoshi
77,370 views Apr 29, 2021
https://youtu.be/3MJSEGnpgB8

I love a conspiracy :-)

"Bloody hell fleccy you're loaded"

Not really, just saved hard and invested over the last 30 years.

:-O

Bloody hell fleccy you're loaded !

I'm not loaded so I tend to take small positions right at the top end of risk, keep everything crossed and drink heavily lol

"If I ever did invest in an AIM type stock, i'd view it as a gamble rather than an investment and it'd involve relatively small sums."

Because of the relatively small sums involved, it wouldn't be worthwhile for me. As an example, I own over 400,000 Lloyds share so a penny move either way is over £4000 loss or gain.

Your risk/reward profile is much higher than mine, I only invest in dividend paying Blue Chips, but I invest a lot relative to the average retail investor. If I ever did invest in an AIM type stock, i'd view it as a gamble rather than an investment and it'd involve relatively small sums.

I've set up my Avatar, buzzed around on my Dune Buggy and had a quick chat with the CEO of Ault !

I find it addictive and look forward to the Casino opening and Crypto rewards and payments being implemented.

There seems to be lots of people taking a look and it could be a cool metaverse play in time (might not)

www.bitnile.com

Yeah I saw the Marc Allera interview. BT makes up a third of our portfolio and I have high hopes for the stock. BT's a cost saving play imo, rather than a revenue growth stock. Currently BT is building FTTP and 5G, which requires a lot of capex, but the technology behind current transformation will be the last network upgrade for generations. One of the negative narratives aimed at Telecoms companies, is around constant investment cycles, but Fibre to the premises has the capability to handle more bandwidth than customers will ever need, and is cheaper to run and maintain than copper; Add to that, convergence will bring everything together over the access network and everything will be dealt with in the Cloud. BT will need less staff, use less power and require less network equipment diversity, since voice, video and data will all be processed over the same network.

I see you are posting on telecoms chats, Bloomberg has been covering Mobile World Congress in Barcelona all morning.

BT CEO interviewed about an hour ago:

https://www.youtube.com/live/dp8PhLsUcFE?feature=share

Whatever happens, the Bitcoin difficulty algorithm will restrict valid Blocks to one every 10 minutes, ensuring the time between halving's remains at around 4 years.
Post the next halving, the reward will reduce to 3.125 BTC for every block and the difficulty level will ensure a maximum global daily reward of around 450 BTC, spread across all the miners.
I can see a case where last men standing can reap rewards in the case of a collapse in the BTC price, with the winners possibly being the ones with access to free electricity, but they may struggle to sell their mined coins if a certain tipping point is reached and the market catastrophically collapses, encouraging the Whales to panic sell their tokens.

TerraWulf say they have a 20 cent kWh at one of their operations which could be the lowest cost paid by any of the public miners.. I think Vosk was using 9 cents in his video and the BTC price was very low during November at about $15,500.

https://whattomine.com/asic

They sure were/ are losing money, and with a low BTC price the miners not losing money every day would be those selling energy back to the grid during times of high demand (RIOT, HIVE & MIGI).

There will be winners (survivors) and losers (bankrupt) in the mining space and Bitcoin needs to pick up price through the year and into the halfing for most to stand a chance of surviving.

Vosk provides good content and although I don't mine his videos are entertaining, thanks for the share

"The NFT community is moving to BTC, where Ordinals have brought true scarcity to collectibles."

It's all part of the shell game, it started dropping off on Ethereum so they've reinvented interest somewhere else. I suspect enthusiasm for Crypto related assets are on a downward slope, the whole industry will likely struggle to inflate hype bubbles from here. The next two years will be interesting, we'll probably know where this is all going by 2025. I also think the Bitcoin price has been manipulated up to the current levels, in an attempt to stimulate the market, but the Bitcoin interest user pool appears to be drying up too.
Coinbase results may back up what I've said above; Their overall revenue was up, but trading volume and trading revenue were both down.

"Coinbase’s user base continues to shrink. The company said it had 8.3 million monthly transacting users (MTUs) during the fourth quarter, down from 8.5 million the prior period. Analysts were expecting 8.22 million, according to StreetAccount. Trading volume fell 9% to $145 billion from the previous quarter.
Transaction revenue fell 12% to $322 million from the previous quarter, which was below the $327 million consensus among analysts polled by StreetAccount."

https://www.cnbc.com/2023/02/21/coinbase-coin-earnings-q4-2022.html

It's may be that many users have moved off exchanges and keep their Bitcoin in Cold Wallets. Bitcoin needs to show it climb significantly from here, otherwise the speculative non believers may bail en masse.

This is interesting....

The NFT community is moving to BTC, where Ordinals have brought true scarcity to collectibles.

I forever inscribed “The Blonde Don” BAYC #1626 on the world's scarcest and most secure chain burning him off ETH forever using TeleBurn.

It's done. Over. Not coming back to ETH.
https://cointelegraph.com/news/bitcoin-miners-made-nearly-600k-from-ordinals-nft-transactions-in-two-months

What does it mean, What does it mean ! lol
https://www.youtube.com/shorts/d7hWBJ6Vg-M

Blockchain is gaining popularity, as it's a useful technology, but the success of various Blockchain applications doesn't mean Bitcoin is useful, or that Bitcoin will survive in the long term.

China Telecom, 2nd largest wireless carrier in China ???? (390+ million mobile subscribers), has partnered with Conflux to develop Blockchain-enabled SIM cards - BSIM!
https://twitter.com/Conflux_Network

Conflux price has exploded on this news
https://www.coingecko.com/en/coins/conflux

I think this sends a message to Apple, Samsung and all the mobile players...

An announcement like this by Apple (CEO holds BTC) and things could get pretty wild for Crypto

I just watched the video and the Bitcoin Lightning Network Privacy section he says that Lightning Labs has developed a tool for tracking transaction on the network, but limited to the operators own payment channel; This implies that the network is secure, but that's just wrong in my opinion; The reason I think this is wrong, is because any data transiting a computer isn't secure as Network Packet sniffer software, like Wireshark, can be run to capture every data packet transiting a computer in either direction. Once captured the data can be checked by stepping through the data manually, or running specialised software to decode the different streams. Windows 10/11 has a built in sniffer that can be run from the CMD Prompt using the pktmon filter command. I've never tried pktmon, so I have no idea if it's any good, but if you're interested read this:

https://www.bleepingcomputer.com/news/microsoft/windows-10-quietly-got-a-built-in-network-sniffer-how-to-use/

I've played with Wireshark in the past and found it to be really good:

https://www.wireshark.org/

My point is, if your data is going through someone else's computer then it isn't safe. A sophisticated hacker would likely find ways around any security/privacy, in the data streams traversing their computer, and who Police's the lightning networks to ensure the data is safe?

Bitcoin Lightning Network: This You NEED TO KNOW
Coin Bureau
2.22M subscribers
330,393 views Aug 17, 2021
https://youtu.be/J3cQNpOR_a0

Yeas I know YT video but I find Guy excellent at research and delivery of information.

The problem with Bitcoin is that they change the narrative every time the use cases are discredited. Originally Bitcoin was supposed to be a world currency, that was discredited because of its volatility. People like Saylor say its cheap to transact with, but the on-chain transaction times are shaped by the fee's user's are willing to pay; The more you're willing to pay, the faster the transaction is processed by the miners. If I'm understanding Lightning correctly, it's an off chain wallet to wallet network using "Watchtowers" to prevent fraud and isn't without issues. Now they describe Bitcoin as a commodity and other Altcoins as securities, they just make it up as they go along. The only way Bitcoin will succeed, is if the politicians and central banks allow it too and I just don't see that happening.
El Salvador is a small country with an insignificant economy, their Bitcoin experiment will cost them dearly as time goes on, in my opinion.

That hit piece said Bitcoin was a failed project neglecting to say how it has grown in a very short time and is now tracked and discussed by the likes of Bloomberg.

He stated BTC was a failure but neglected to mention El Salvador has become the first country in the world to officially classify Bitcoin as legal currency and has outperformed many countries as a result.

Compared speed of transaction as slow to the likes of Visa but declined to mention Lightning transactions. He also decided to not include how fast and cheap sending BTC is compared to Gold or Silver...

The power argument is getting boring when miners are seeking out the cheap, clean and under utilised energy in the way of Nuclear power, Hydro, Solar and Wind....

He was probably correct about the NFT stuff but his Bitcoin summery was simply a hit piece (imo)

Just thought I'd add some thoughts to my bloody no coiners comment ;-)

Oh there's a good Madoff documentary on Netflix

I took at look at Bitnob and it looks like they have some integration issues with MPESA, mobile wallet (according to Android app comment)....

There are always growing issues with technology but the website looks good and I imagine Bitnob is the sort of company that could attract investment and developers...

Bitnob :-)

https://bitnob.com/

Swan Bitcoin
44K subscribers
9,018 views Premiered Feb 9, 2023
https://youtu.be/oPm6gIyFlFA

As Miley Cyrus screamed 'What Does It Mean, What Does It Mean' :-)

I use that Coinbase Nonce to keep an eye on 'Unknown' mined blocks: https://blockchair.com/bitcoin/blocks?q=guessed_miner(Unknown)#f=id,hash,time,transaction_count,output_total,output_total_usd,fee_total,fee_total_usd,size,coinbase_data_bin,coinbase_data_hex,guessed_miner

https://blockchair.com/bitcoin/block/777416

It looked like Argo had started using TerraPool again in February so I thought I'd keep an eye on the unknowns.

But I'm left with that MC feeling of... yeah but what does it mean

Apparently there's something called the Extra Nonce solution:

"The Extra Nonce Solution
Since 2012, bitcoin mining has evolved to resolve a fundamental limitation in the structure of the block header. In the early days of bitcoin, a miner could find a block by iterating through the nonce until the resulting hash was equal to or below the target. As difficulty increased, miners often cycled through all 4 billion values of the nonce without finding a block. However, this was easily resolved by updating the block timestamp to account for the elapsed time. Because the timestamp is part of the header, the change would allow miners to iterate through the values of the nonce again with different results. Once mining hardware exceeded 4 GH/sec, however, this approach became increasingly difficult because the nonce values were exhausted in less than a second. As ASIC mining equipment started pushing and then exceeding the TH/sec hash rate, the mining software needed more space for nonce values in order to find valid blocks. The timestamp could be stretched a bit, but moving it too far into the future would cause the block to become invalid. A new source of "change" was needed in the block header. The solution was to use the coinbase transaction as a source of extra nonce values. Because the coinbase script can store between 2 and 100 bytes of data, miners started using that space as extra nonce space, allowing them to explore a much larger range of block header values to find valid blocks. The coinbase transaction is included in the merkle tree, which means that any change in the coinbase script causes the merkle root to change. Eight bytes of extra nonce, plus the 4 bytes of "standard" nonce allow miners to explore a total 296 (8 followed by 28 zeros) possibilities per second without having to modify the timestamp. If, in the future, miners could run through all these possibilities, they could then modify the timestamp. There is also more space in the coinbase script for future expansion of the extra nonce space."

https://learn.saylor.org/mod/book/view.php?id=36380&chapterid=19030

Here's another article explaining the Extra Nonce, detailing how the number of Nonce possibilities have increased from 2^32 to 2^96, with an option for future expansion of the extra nonce space if required.

https://iq.opengenus.org/bitcoins-hashing-race-and-extra-nonce-solution/

"Maybe it's time for you to make an entrance on the ARB chat board with that Wired article"

If I did that I would be spamming, even though I am of the opinion that Miners business models will be tested to the limit after the next halving, I did mention as much weeks ago on the QBT chat. If I'd started airing my opinion on ARB chat first, then in all likelihood I'd still be there, but it was QBT that caught my eye.
The markets appear to be rotating into a new cycle. Biden is cracking down on US companies inflating their stock through buybacks, and growth over value seems to be reaching the end of the road. Central Banks have been raising interest rates, and although inflation appears to be stalling it's likely that interest rates will remain high for a long time, so the era of cheap debt is coming to an end. The US is stopping industry from exporting jobs and the decline of globalisation is speeding up.
If the price of Bitcoin doesn't keep rising, post the next halving, it's unlikely the miners will get a decent return on their capex investment and will struggle to profit while paying off debt. ARB demonstrates the struggle for miners, with Galaxy bailing them out and ensuring they survive. The current rise in Crypto prices looks orchestrated to me, the prices appear to fly, then stabilise, before taking another leap. It's in the interest of all the Whales, Exchanges and players for Crypto prices to climb, in order to protect their own investments. Everything Crypto currency has the look and feel of a Pyramid scheme and all Pyramid schemes eventually collapse. Pyramid schemes can last for decades before eventually collapsing, look at Madoff; It's unclear when Madoff started his Ponzi scheme, but it's thought to have started sometime between 1970 and 1990, eventually collapsing due to the 2008 financial crisis. The crypto industry will probably see its demise due to some event making it unsustainable.

I know Argo lost a huge amount of money building Helios and then selling to Galaxy but I don't think the cost was $1.5 B !?!

Maybe it's time for you to make an entrance on the ARB chat board with that Wired article...

Good article by Wired.

https://www.wired.co.uk/article/bitcoin-mining-halving-crypto-winter

I'm surprised to see Germany on the mining map, you'd think they'd have better uses for their energy supplies in light of the Russia/Ukraine war.

So Floki is the new Meme coin on the block (thanks in part to Elons dog Floki :)

But it seems crypto can do good things for people:

Charity
Among other initiatives, Floki has pledged to build a state-of-the-art school first on every continent, then in every underdeveloped nation of the world. Guatemala, Ghana, Laos, and Nigeria are already home to Floki schools.

Making real-world change is at the core of Floki's mission.
https://www.floki.com/

A FLOKI funded project to provide a conducive learning environment for School children
777 views Aug 1, 2022
https://youtu.be/O-wGRiYgZjk

I found it heart warming to watch this video so I bought some Floki :-)

Mawson just installed an additional 50MW at one of their facilities. They earned about $14M selling energy back to the grid last year and this extra 50MW doubles their capacity to run miners or sell energy back so maybe $30M picked up in energy management every year..

Looks like they could almost make as much as their MCAP from this site which is straight on the bottom line (MCAP only $40M)

Very bullish on this stock and expect 10x to 20x in time, they just need to add more EH and get decent hosting contracts.. It's all coming together for this company imo

https://mawsoninc.com/mawson-infrastructure-group-inc-expands-midland-pa-facility-by-100-to-100mw/

Soros Fund Management, the investment vehicle of hedge fund billionaire George Soros, appears to have added exposure to some crypto companies before the end of last year, although the nature of the trades is not clear.

According to a 13F filing with the U.S. Securities and Exchange Commission (SEC) dated Dec. 31, Soros Fund Management purchased 39.6 million worth convertible debentures of crypto miner Marathon Digital Holdings (MARA)

Looks like MARA could be setting up for a big run having pulled back almost 40% over the past three months. If they get their Dakota rigs running as expected this month I can see no reason why they shouldn't see + 30% on that news so long as BTC plays ball.

This has turned into Balloongate lol

I can imagine the conversations going something like this:

'Christ the Sheeple might wake up to our faking space scams'

'Holy **** they might then start questioning those images from our fake space missions'

'Can we cover it up with UFO speculation ?'

'Yeah we can do that, they all think we live on a spinning ball visited by Aliens because we started story with our Roswell Super High Altitude Balloon crash back in 1947'

'Can we all try to keep our Balloon Satellites under control now please'

Lol

My comments about NASA Super High Altitude Balloons, Google Loon and China's ballooning satellites on YouTube are systematically deleted...

I was obviously aware of Googles control of narratives having seen Google mention Flat Earth in a consultation with congress on how to control what they call fake news years ago but that's it for me an YT.

Happy to watch Google SP crash 10% last week as people shift away from MSM mind control.

You have to wonder why comments about in relation to the China Spy balloon lol are not suitable for public discussion on YT:

'The first Chinese satellite launch took place in 1970, but the country’s launch capability ballooned in the 2010s and keeps on growing. Statista reports that as of January 1, 2022, there were 499 Chinese satellites in orbit, but more recent sources indicate 562 as of September 2022 — a number that has grown exponentially in the last decade alone.'

Google Loon, NASA Super High Altitude Balloons, Balloon X and now we see China is Ballooning

I'm now a Rumbler again lol

'The first Chinese satellite launch took place in 1970, but the country’s launch capability ballooned in the 2010s and keeps on growing. Statista reports that as of January 1, 2022, there were 499 Chinese satellites in orbit, but more recent sources indicate 562 as of September 2022 — a number that has grown exponentially in the last decade alone.'

Chinese Spy Balloon Found Over Montana (WW3 Approaching?)
Rebel Capitalist
104K subscribers
https://www.youtube.com/live/fEi6KEB2oe0?feature=share

Google Loon, NASA Super High Altitude Balloons, Balloon X and now we see China is Ballooning :-)

Little wonder the price of Helium keeps going UP

It's actually funny how MSM shows people a cartoon image of a satellite orbiting a cartoon Globe and nearly everyone falls for it

Couldn't resist returning to Balloons given the stupidity and lack of critical thinking people have...

Agreed fleccy, it will be carnage after the halving in 2024 unless BTC price is high. I think that's why the miners sp's are subdued when compared to where they were when BTC was last at this level.

Good for trading if you can catch them at the right time and if Bitcoin were to go on an unexpected run this year up to previously seen highs they could all explode upwards..

Complicated game full of ladders and snakes

I suspect a lot of Miners will struggle, post the 2024 Halving event, with the future of all of them dependent on the Bitcoin price staying high.

MIGI CEO tweeting about infrastructure inbound...

https://twitter.com/mrjamesmanning/status/1621725501894303746?s=20&t=NhHsrAX-v879lbrjNP1wIw

Voting on reverse split ended yesterday to ensure NASDAQ $1 compliance. Mawson was the top BTC miner riser yesterday in what was not a good day for the USA listed miners.

Still looks cheap imo based on infrastructure, EH, PPA and comparatively low cost build outs using their own modular pods.

Interesting low MCAP company and now my largest holding

I can't see them listed as investors so probably nonsense lol

Funny old day for the miners...

Come on MIGI :-)

Sold my CLSK, RIOT and BITF

Added WULF after yesterdays 30% crash

Still waiting for MIGI to see bigger gains

Oh and that small punt on AULT, I haven't checked but looks like they hold a chunk of MULN
Mullen Automotive Inc $650M MCAP... I thought they looked cheap just on mining rigs....will see how this plays out

Yeah I know I'm chatting to myself but I can do it on this board without getting any abuse lol

Ault/ Bitnile raises more Red Flags than The Chinese National Day but I thought I'd have a few quid on it anyway lol

Just had a quick look at Ault, they describe themselves as a "diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact."

I only invest in big Blue Chips, I don't invest in small companies I know nothing about. My gambles are more about long term hold and wait, preferably with Dividend income. When I see stock valuations double, like recently with QBT, it's interesting but not for me.

Formerly known as Bitnile (should be enough to scare most people off ;) is launching some sort of metaverse, gaming platform under it's old name https://bitnile.com/

I took a small position last week even though they are a dodgy as a wagon load of Monkeys they do seem to have new mining rigs being set up and some interesting rigs on order. I can't get my head around what this company says it does so it's more of a small punt for me .

This new metaverse/ Bitcoin play should get new eyes on it and it could be a runner simply because you only have to say metaverse and people seem to get excited lol

SP is up on the news so I will see how Pharo it goes :-)

Just thought I'd mention it to myself on here lol

"Folks this getting worse than a kindergarten can we please cease all the trading insults and focus on trading shares!"

I think you posted on the wrong forum, did you mean to post on QBT?

Folks this getting worse than a kindergarten can we please cease all the trading insults and focus on trading shares!

"https://m.youtube.com/watch?v=l9mYjGruSCY
Fleccy I was just watching this and thought how the fundamentals of the conversation were qbt and FG and not Tesla and EM the comparison is so similar.
Back to reality FG has a once in a lifetime opportunity to deliver a industrial revolutionary change in this sector"

The Gist I got is that Chamath Palihapitiya was singing Musk and Tesla's praise, but wasn't willing to invest in the common stock and invested in the bonds instead, in a smaller way he's the equivalent of Eufingest in QBT. In my opinion, I never could see the reasoning behind defining Tesla as a Technology company, as opposed to a Car company, since it's only a matter of time before they'd have to compete with the likes of BMW, Ford. Renault, etc on the EV front; And other companies when it comes to "Megafactories"/battery technology.
I have no idea what QBT may have in the background, but they're up against corporate Giants and racing against the clock to get a product out to a diminishing competitive market. How can QBT compete against the likes of Intel, AMD, Nvidia, etc, who'll all push their own with their own firmware/software?
All my opinion, feel free to disagree.

https://www.youtube.com/watch?v=sQXh7lA_c3E

My personal view is that we're close to its demise, it may have one or two years left in my opinion, but why do I think that?

With every Halving event, the cost of Bitcoin mining operations doubles unless the Miners invest in new more efficient rigs incurring an upfront capital cost. Since the miners will need to pay the ever increasing cost of ongoing operations, it's likely they'll have to sell their newly minted Bitcoin immediately. The miners probably wont have the money to sit on their hoard, since their finances are stretched already. The biggest issue for the miners is the power costs; They can invest in better equipment, like Intel Blockscale ASIC's in the case of Hive, but that comes at a cost which eats into the bottom line.

The latest Bitcoin price spike is most likely due to the ever decreasing pool of die hard wealthy enthusiasts, or "whales". who're true believers in the Crypto cause. It's likely Gemini, Genesis and DCG will fail or need to raise significant amounts of cash, possibly leading to a fire sale of Crypto assets in the near future.

https://ambcrypto.com/gemini-founder-claims-genesis-and-dcg-are-beyond-commingled-gives-deadline/

https://www.sec.gov/news/press-release/2023-7

Apparently around 19 Million Bitcoin have so far been mined, so 2 Million to go. If you assume the price of Bitcoin stays around $20,000, I think it'll go lower, the total sale value of the remaining 2 million Bitcoin is around $40 Billion. They reckon it'll be around 2040 when the last Bitcoin is mined, so that $40 Billion would be spread over 17 years, with the cost of production doubling every 4 years, so diminishing returns.

I also believe the narrative about Bitcoin having value through limited supply is also false, since they've eliminated the supply constraint through the invention of the Satoshi, one Satoshi is equivalent to a hundred millionth of one Bitcoin; If you believe the intrinsic value of one Bitcoin is Zero, as I do, then one millionth of Zero is Zero, so one Bitcoin is equal in value to one Satoshi, Zero.

Finally on the move, exciting….

Hello friends! My name is Joseph, and the other day I got the idea to create a platform about cryptocurrencies, NFTs, AirDrop, DeFi and much more. I have already taken my first steps, here is my website: https://cryptoinsight.pro/.
So far, the site publishes daily news from the world of cryptocurrencies, but I want to develop it further and write various guides and analyzes of different crypto projects.
I’d be glad to hear your opinion and advise on what you’d personally want to see on Cryptoinsight.pro.
All feedback will be taken into account in the further development of the site.
Thank you in advance!

I find it really strange how BTC follows the stock markets. That’s a very bad sign because markets are due a huge correction ….sooner rather than later and that then means the people calling 28k or lower are probably right. Madness considering many crypto assets are at yearly lows.