Lol. Still remember the time someone offered to pay me like 100 Bitcoin in lieu of cash. Except this was circa 2014 and I thought Crypto was a passing fad.
Oh the benefits of Hindsight 10 years on down the line.
yeah, but you guys would have probably sold it at 5k and thought it was already moon. The secret is to Always hodl up until you can literally go to the moon. Then you can actually afford your moon ticket up front.
Could have been someone who found the old hard drive they used for mining back then...somewhere out there is my old hard drive with around 200k doge coin...
He's asking how do you turn that much Bitcoin into cash. You just hand them your ledger and they put $7.9b into your account?
My answer would be that he's working with the absolute best financial firm in whatever country he's in. You go and ask for the person who's name is on the building. Guaranteed you're one of their top clients, instantly.
Yesterday, or the day before, it was reported that such wallets moved 10.000 BTC.
Combines with the fact that corporations and states are chasing BTC for their treasuries as collateral, it seems like we are heading towards a BTC shortage ...
Yebbit a BTC "shortage" was already baked into the proverbial cake... there's always been a limit on the total number possible to mine... it's not going to go on forever.
I don't have a horse in that race... but I'm curious to see what happens when all BTC is mined and it's essentially a completely dead currency... How will that all shake out?
I'm forecasting that there will come a point where everyone is going to want to liquidate/get out of BTC ASAP and then the value will race to the bottom while the frenzy ensues...
Then hardcore conspiracy theorists can retire another foil hat...on top of their stacks.
I'm surprised xrp/ripple isn't more popular because it's superior in almost every aspect... although they have questionable ties to the [DS]...then again, who in that arena doesn't?
Thanks...it drives me nuts how some can be so intelligent on one hand and willfully ignorant on the other. Retards trying to tell ME that shits backed by electricity of all things...Ph you mean the electricity that was completely consumed during mining?...It's backed by precisely ZERO besides your beLIEf that it's worth something... just like the Easter Bunny & Santa Claus...oh and USD
Yebbit a BTC "shortage" was already baked into the proverbial cake... there's always been a limit on the total number possible to mine... it's not going to go on forever.
Indeed. 21 million coins to be mined is by definition a limited supply.
What makes the current situation different from say, 2022/2024) is that the coins are being hodle-d. AND: The on chain transaction volume is decreasing.
When coins in circulation amounts to two million, and 10% of it is being scooped up by big corporations and states to support their treasuries (collateral function)
For a state: it makes the state financiable. e.g. 1000 BTC equal 100 million, NOW but in 10 years: 1 billion. or even 21 billion. SO, it is thought to be a stable development of equity. It could be used for future debt finance or, to decrease tax-burden.
for companies: this directly influences their stock rating. After all, stock is equity and if equity increases, but the amount of stock remains the same => stock price increases. Or, amount of stock can be diluted to exchange equity for debt.
It means that on the big scale, adoption is looking to be the norm. Of course this means that BTC is moving from a simple payment system to something much more: a Collateral asset.
For Space Force, BTC is part of the "Full Spectrum Domination"-doctrine. From this point of view, the moves since January have to be considered.
I'm forecasting that there will come a point where everyone is going to want to liquidate/get out of BTC ASAP and then the value will race to the bottom while the frenzy ensues...
As for now: those who have BTC are happy to take worthless FIAT for it.
But it also shows, that people can simply create their own currency. It is a total defeat of commercial banking. Because it is there where currency creation happens:" by creating debt", first, a promise to pay". And what do you get? A piece of paper that says: Promise to pay. So, you did not really get anytyhing.
That is changing.
So, commercial banks are in a pickle right now. On the one hand: they loathe BTC. On the other, they wish they'd come up with it. Hence: XRP.
Personally, I think it is better than USDT or USDC, as these need ETH to function. And with every payment, you need to pay the gas fee in ETH. At times, uncomfortably high. So, I see a role for XRP in relation to the dollar, perhaps some banking assets management tool, intrabank lending, that sort of thing.
In terms of speed, XPR beats BTC. In terms of transaction fee: XRP beats BTC. In terms of decentralization, anonymity, control and privacy: XRP is defeated. It is not its core function.
States have a problem with it, because BTC is outside of their purview, outside their jurisdiction, BUT: they love programmability and scalability. Hence: CBDC.
The banks hate CDBC. They like the programmability, but they want to be the ones creating it by debt instruments. They run the risk of being cut out of the action.
So, there is a nice competition going on here. Hence, the reason why all these banks run into Mastercard and Visacard to be the processor of choice between crypto USDT/USDC and the fiat world.
So no, even IF the big corps will dump their crypto all at once .... (the strategic value of a BTC asset-network is to high, so I do think the probability of that happening is rather small), The People can choose otherwise.
I'm sure you're just as curious as I am to see how it all shakes out.
Being the eternal skeptic, I'm just wondering how hard the common man will get cornholed, like they always have, since the beginning of time.
A sliver of me is hopeful DJT drives a wedge between us and the black nobility and breaks their monopoly on future banking... but that's absolutely no easy feat given their history and the fact that they created the financial system to begin with... and all the laws and regs on the backbone...🤞🤞🤞
It is becoming aware of the source of credit .... our life force.
The next question becomes how to leverage that.
Perhaps Trump's remark in Idaho shows the direction: Some bankers are nice, some are shylocks ...
what I take from the whole crypto sphere development, is that we do not need commercial banks.
interestingly, in Europe, there is an Island called: Sardinia. In 08 its economy was next to dead. In came CCC, a system developed by an obscure foundation called: STRO, headquartered in Utrecht.
They developed a digital platform in which each company could extend credit themselves to another participant. The monetary unit is called: SARDEX.
The people who own billions of dollars worth of assets know far more than us about the markets and can move/manipulate the markets. If they're holding, it's because they think the price will go up for them to sell at a higher price. Or to turbo dump on us to drive the price down and cause panic to drive it further. My money is on the former.
There's no reason to get too excited with this. The Bitcoins were protected with vintage security, meaning the wallet address had a "seed-phrase" (a password) made up of 12 numbers.
They've upgraded to a much stronger, up to date security called Muti-Sig (Multiple Signature) which requires at a minimum, two seed-phrases made up of 20 numbers each.
Think of it like they were storing gold in the vault of their local bank, but the gold has gone up in value so much they've transferred it to Fort Knox for safer storage.
Decent rumor that these wallets may sell soon as the new bill and genius act will force monthly audits of stable coins.
Tether (USDT), the biggest stablecoin is widely speculated to be lying about their fiat reserves. Tether has been partly responsible for propping up Bitcoin as they just mint USDT (for free) and then use it to buy BTC, shooting the price higher.
Tether audit may lead to a massive bitcoin crash. If this happens, expect XRP to swing to the top. IYKYK
I have been involved with tech for 35 years now and I still whole heartedly believe that crypto currency is a scam. I've lost friends over the argument too.
98% of everyone messing with it couldn't even begin to articulate how it works on a technical level but they're out there buying NFTs and hardware wallets. Thinking they're safe, secure, and anonymous.
I guess that is similar to people spending USD and not understanding the fed bank to some degree. To them it doesn't matter. It buys their cheap beer and hot Cheetos on Friday and keeps the lights on.
Lol. Still remember the time someone offered to pay me like 100 Bitcoin in lieu of cash. Except this was circa 2014 and I thought Crypto was a passing fad.
Oh the benefits of Hindsight 10 years on down the line.
Yeah .... I feel you. Got the same thing ... I am not switching to FOMO, but eh ... I am positioned.
yeah, but you guys would have probably sold it at 5k and thought it was already moon. The secret is to Always hodl up until you can literally go to the moon. Then you can actually afford your moon ticket up front.
You guys are who? I the issue is, I did not buy at 5000 and hodl....
But that same argument is at 15000, 23000, 45000, 88000, 95000, and 105.000.
The question is: why is that? What makes the period 2020/2024 differ from this period 2025-2028?
Who are buying like there's no tomorrow?
80 btc is 8 million, not 8 billion
It was 80,000 BTC.
yep, they used a "." instead of correctly using a ","
What is "correct" varies by country.
https://en.wikipedia.org/wiki/Decimal_separator
Faggity ass europeans daring to be different...,,,,,,,,,,,,,,
Must be a Europe article they write a . Not a , for thousands. I thought the same
Hmmm I read it as 80,009 coins not 80 I could be wrong
Could have been someone who found the old hard drive they used for mining back then...somewhere out there is my old hard drive with around 200k doge coin...
I don't understand crypto. How does this work? The guy just walks into a bank with his wallets and comes out with a very large sack of cash?
Right there with you on not understanding any of it! All of them sound like some sort of scam.
Unlike the petro dollar...
lol
Never said the petro dollar wasn't a scam in it's own right.... 😁
He's asking how do you turn that much Bitcoin into cash. You just hand them your ledger and they put $7.9b into your account?
My answer would be that he's working with the absolute best financial firm in whatever country he's in. You go and ask for the person who's name is on the building. Guaranteed you're one of their top clients, instantly.
80.009 Bitcoins?
8+9= 17 I just thought that is interesting.
Yep ... the other wallet containing 10,000 and moved were bought for .... $0.17.
You can't make this shit up.
It's a great movie
80 btc is 8m not 8b
I hope you're not spending your hard earned money on crypto with that level of logical reasoning. Stay out of it for your own good.
Oh it’s that stupid euro number style that tricked me. Here in the US 80.009 means about eighty. Not 80k. Anyway the article seem like clickbait
Stupid me. Back then I bought a krugerrand for 500 dollars to give to my grandson. What an idiot!! I was never good at this investing stuff.
You have a grandson
Pro moves.
Don't beat yourself up. At least you didn't lose money...
Then, especially for you: https://www.youtube.com/watch?v=zFmpXrVhJ1I
Not sold,just moved to a better wallet.
Yesterday, or the day before, it was reported that such wallets moved 10.000 BTC. Combines with the fact that corporations and states are chasing BTC for their treasuries as collateral, it seems like we are heading towards a BTC shortage ...
i.e. price rally up.
Probably after a final shake out.
...the transition is now - the Federal Reserve is dead - blockchain ledger
Yebbit a BTC "shortage" was already baked into the proverbial cake... there's always been a limit on the total number possible to mine... it's not going to go on forever.
I don't have a horse in that race... but I'm curious to see what happens when all BTC is mined and it's essentially a completely dead currency... How will that all shake out?
I'm forecasting that there will come a point where everyone is going to want to liquidate/get out of BTC ASAP and then the value will race to the bottom while the frenzy ensues...
Then hardcore conspiracy theorists can retire another foil hat...on top of their stacks.
I'm surprised xrp/ripple isn't more popular because it's superior in almost every aspect... although they have questionable ties to the [DS]...then again, who in that arena doesn't?
Exactly this. In before the "alkkshhhualllyyyy" btc "expert" shows up to correct you.
A few people are going to rug pull everyone else that will be left with meat in their hands and stars in their eyes.
Thanks...it drives me nuts how some can be so intelligent on one hand and willfully ignorant on the other. Retards trying to tell ME that shits backed by electricity of all things...Ph you mean the electricity that was completely consumed during mining?...It's backed by precisely ZERO besides your beLIEf that it's worth something... just like the Easter Bunny & Santa Claus...oh and USD
Standing in the rain...with his head hung low...
Like a jukebox hero? 😂🤩🤩🤩
Indeed. 21 million coins to be mined is by definition a limited supply.
What makes the current situation different from say, 2022/2024) is that the coins are being hodle-d. AND: The on chain transaction volume is decreasing.
When coins in circulation amounts to two million, and 10% of it is being scooped up by big corporations and states to support their treasuries (collateral function)
It means that on the big scale, adoption is looking to be the norm. Of course this means that BTC is moving from a simple payment system to something much more: a Collateral asset.
For Space Force, BTC is part of the "Full Spectrum Domination"-doctrine. From this point of view, the moves since January have to be considered.
As for now: those who have BTC are happy to take worthless FIAT for it.
But it also shows, that people can simply create their own currency. It is a total defeat of commercial banking. Because it is there where currency creation happens:" by creating debt", first, a promise to pay". And what do you get? A piece of paper that says: Promise to pay. So, you did not really get anytyhing.
That is changing.
So, commercial banks are in a pickle right now. On the one hand: they loathe BTC. On the other, they wish they'd come up with it. Hence: XRP.
Personally, I think it is better than USDT or USDC, as these need ETH to function. And with every payment, you need to pay the gas fee in ETH. At times, uncomfortably high. So, I see a role for XRP in relation to the dollar, perhaps some banking assets management tool, intrabank lending, that sort of thing.
In terms of speed, XPR beats BTC. In terms of transaction fee: XRP beats BTC. In terms of decentralization, anonymity, control and privacy: XRP is defeated. It is not its core function.
States have a problem with it, because BTC is outside of their purview, outside their jurisdiction, BUT: they love programmability and scalability. Hence: CBDC.
The banks hate CDBC. They like the programmability, but they want to be the ones creating it by debt instruments. They run the risk of being cut out of the action.
So, there is a nice competition going on here. Hence, the reason why all these banks run into Mastercard and Visacard to be the processor of choice between crypto USDT/USDC and the fiat world.
So no, even IF the big corps will dump their crypto all at once .... (the strategic value of a BTC asset-network is to high, so I do think the probability of that happening is rather small), The People can choose otherwise.
This is the choice having been created.
Thanks for the insights.
I'm sure you're just as curious as I am to see how it all shakes out.
Being the eternal skeptic, I'm just wondering how hard the common man will get cornholed, like they always have, since the beginning of time.
A sliver of me is hopeful DJT drives a wedge between us and the black nobility and breaks their monopoly on future banking... but that's absolutely no easy feat given their history and the fact that they created the financial system to begin with... and all the laws and regs on the backbone...🤞🤞🤞
It is becoming aware of the source of credit .... our life force.
The next question becomes how to leverage that.
Perhaps Trump's remark in Idaho shows the direction: Some bankers are nice, some are shylocks ...
what I take from the whole crypto sphere development, is that we do not need commercial banks.
interestingly, in Europe, there is an Island called: Sardinia. In 08 its economy was next to dead. In came CCC, a system developed by an obscure foundation called: STRO, headquartered in Utrecht.
They developed a digital platform in which each company could extend credit themselves to another participant. The monetary unit is called: SARDEX.
https://www.sardexpay.net/
It used to run on cyclos.
Of course, the crypto coin market has vastly outpaced it. But ..... it showcases its power.
We do not need bankers. Bankers need us.
Arthur Britto has awoken from his 14 years slumber
😶
Yep
really makes you question who would be sitting on 9bn worth of crypto and not be cashing out/selling...
That's if they could sell for that price.
The people who own billions of dollars worth of assets know far more than us about the markets and can move/manipulate the markets. If they're holding, it's because they think the price will go up for them to sell at a higher price. Or to turbo dump on us to drive the price down and cause panic to drive it further. My money is on the former.
There's no reason to get too excited with this. The Bitcoins were protected with vintage security, meaning the wallet address had a "seed-phrase" (a password) made up of 12 numbers.
They've upgraded to a much stronger, up to date security called Muti-Sig (Multiple Signature) which requires at a minimum, two seed-phrases made up of 20 numbers each.
Think of it like they were storing gold in the vault of their local bank, but the gold has gone up in value so much they've transferred it to Fort Knox for safer storage.
Decent rumor that these wallets may sell soon as the new bill and genius act will force monthly audits of stable coins.
Tether (USDT), the biggest stablecoin is widely speculated to be lying about their fiat reserves. Tether has been partly responsible for propping up Bitcoin as they just mint USDT (for free) and then use it to buy BTC, shooting the price higher.
Tether audit may lead to a massive bitcoin crash. If this happens, expect XRP to swing to the top. IYKYK
Hindsight comments aside, what does the withdrawal mean for us more modest BTC holders?
I have been involved with tech for 35 years now and I still whole heartedly believe that crypto currency is a scam. I've lost friends over the argument too.
98% of everyone messing with it couldn't even begin to articulate how it works on a technical level but they're out there buying NFTs and hardware wallets. Thinking they're safe, secure, and anonymous.
I guess that is similar to people spending USD and not understanding the fed bank to some degree. To them it doesn't matter. It buys their cheap beer and hot Cheetos on Friday and keeps the lights on.
IS THAT YOU JOHN MCAFEE?!
https://aintivirus.ai/blog
Its a simple investigation, for those with the tools. The shit will be dark and nobody will know anyway. Yawn
Conversion is more interesting, where did it go, and for what. . . ta da
Probably metric bitcoins too since they used a period instead of a comma.