What if Runes was introduced to save BTC and corev to keep the miners. This is a pure subsidy. Normal Runes collectors just don't have that kind of money.
It is more effective than pumping the price especially now when price pumps just comes up against a huge sell wall.
It is still unsustainable long term. See if the situation changes after 100 blocks.
They will need 4 BTC in transaction fees per block. I belief the ETFs hold more than 270K BTC so 4 BTC for 1000 blocks 4K BTC is affordable. Just to the next difficulity adjustment.
Their risk is that BTC price may fall below say 40K, or miners could dump after 100 blocks but then they are possibly also mining themselves so really paying themselves too.
Biggest danger is still CSW now and even after if they make it to the next difficulity adjustment.
Anyone knows what happens after Relayx ? Are all those NFTs lost ?
Craig Wright first explained the double hash in Bitcoin in an article published on April 29, 2019
2
. This explanation by Wright is significant as he is recognized as the only person to have ever explained the double hash concept related to Bitcoin
Historically, Bitcoin has shown a trend of breaking out to new all-time highs about six months after each halving event. The halving event reduces the block rewards to miners, leading to a decrease in the supply of new bitcoins entering the market. This reduction in supply, coupled with consistent or increasing demand, has historically driven up Bitcoin's price significantly following each halving event. Analysts and traders are currently speculating that Bitcoin could break its previous all-time high of around $69,000 before the upcoming halving in April 2024. The ongoing bullish momentum, institutional buying demand, and positive market sentiment are factors contributing to the optimism surrounding Bitcoin's potential to surpass its ATH
THIS LOGIC IS HAVING IT BOTH WAYS!! CAN IT BREAK 69K ? I AM GUESSING NOT, NOT FOR WANT OF TRYING BUT SUBSIDY HALVING. FIGHT BETWEEN INVESTORS AND MINERS. CHICKEN AND EGG.
Coinbase converted all their customers BSV just last month. Do you see a class action coming up? Could be messy.
I think FOMO is in. Grab your popcorn. Will be a great night
BSV numbers go up! ( Posted in X on Feb 14 SORRY )
Startin Sept 2023 - $ 30
Nov - $ 50
Jan $ 70
These look like floor
If you look at BSV as nfts. 20 dollar jumps so March would be 90. Why ? I think it is slow accumulation going on.
March today $98 It may yet settle to a floor of $90 but with the COPA trial over and especially the release of the Back and Malmi Satoshi emails the FOMO could be in.
Interesting tweet on X about why there was never any emails between Satoshi and Craig Wright ? Satoshi emailed Wei Dai, Hal Finney, Martti, Back and many more but not Craig. If this was a mystery case, it is one of the strongest indication as who can't be Satoshi and who probably is. It is only a very small group of possible suspect and Satoshi is also Australian. And other co-incidences that can be added to narrow the field further. Craig is also claiming that he is!! Strange that the Aussies have not claimed the person who will become the most globally influential personality to have ever come out of Australia. They have just about claimed every notable Kiwi ( Sam Neil, Crowed House ) a horse (Phar Lap) even a desert ( Pavalova). How can they miss Satoshi Nakamoto??? Better do before the Japanese make a claim.
Certihash is starting to gain momentum. Possibly with their sentinel node. 💪💪💪
This is one explanation on why BTC is spiking
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Last BTC halving was 11 May 2020 and price started spiking 6 months later from 7.8 k to high of 58k in May 2021. That was the trend and they predicted the trend would continue from 30k and spike 6 months later to ATH. In fact it is spiking 2 months ahead of halving. Careful as head and shoulders pattern may form before halving leading to a plunge. Looks like the spike is deliberate but I feel it is not sustainable. They will be unable to draw in new public money.
Back in those days we were looking at timezones to narrow the field. These emails were hidden. Now that they surface they ask us not to look at them!! Looks like a desperate way to hold on to their flock. VERY CUlTISH.
From beincrypto.com
I Dm Richard Medhurst with my invite. Perhaps he needs others doing the same to coax him along.
Maybe time was not ripe. We need all flavours. In my opinion Twetch has the better UI than most other BSV social apps. However the emphasis has always been NFTs.
Yes I think I will start doing that and use my invite link. These people were demonetised for a reason - They were influential and often get more than million views but have opinions contrary to " allowed and approved speech "
I have been seeing lots of people getting demonetized on Youtube and they go begging on X. " Youtube demonetised me please support me on Paypal Patreon … " We should invite these people into Twetch " They are basically begging on the platform from the same people. Invite them and show that they can earn real money - BSV
Anyone else thinks that it is strange that BTC goes up when the biggest bagholders are being sued by the SEC? Gee I missed the days when it tanked because China bans. At least that is logical. Only explanation is the price being held for them to dump.
Someone just tweeted I mean X that exodus can't swap because of liquidity crisis in BSV. If true there will be more spikes incoming.
We use different methods. Mine is basically there will only be one blockchain just as there is only 1 internet. It will be BSV because it is the only one that scales. Craig being proven as satoshi just speeds up the process.
In my last post I postulated that there is a correlation between Satoshi followers and BSV price. Now I think there seem to be a price spike with every post. People getting convince that Craig is Satoshi and they switch their bags. Mind you Korean Won trading just hit 198 million USD
NATO wont fight over Ukraine because it is not profitable even if they win. Cost benefit analysis. Even if they win they lose so the result of the conflict can only go one way. And the Ukraine army cannot win without a resupply line.
Why the Satoshicard and not Bored Apes? Well without one there cannot be the other. It all started with Satoshi and the Blockchain, and that is HISTORY.
That is in the future and impossible to predict. Perception of the crowd is everything. So perhaps it is Purpose, Theme, Simplicity and being first to the "pump".
