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Monday 21 December 2020

Kracken Will Have Lightning

https://www.google.com/amp/s/www.coindesk.com/kraken-exchange-integrate-bitcoin-lightning-2021%3famp=1


Wednesday 25 November 2020

Taking Down the One Percent

We figured out a way to take out the insider class. They are being taken down now silently as bitcoin starts to rise again. Little bitcoiners need to get on board and be on board. People need to ask questions and figure this out. If you don't, you stick with the 1% and you might caught up with the elites on their way out. It's a distributed underground movement of millions working together but you need to be curious, or you just need to pick a side. The swarm or the 1%? Bitcoin is changing the world and it can change it for you, it only takes one pizza worth.


Break Financial Hardship

Many people are struggling this year. It only takes a little knowledge to break out.


Friday 13 November 2020

Infura Fury

A developer at etheriums main node Geth snuck throu a hard fork and didn't tell anyone about it. Months later Infura, etheriums main data service went down and we are all finding out about it. Two chains, but which is correct? Defi is effected staking is affected. Which chain is the right one? Its Dao all over again but this time I feel the problematic philosophical issues are coming to light. Security by the obscura, not so secure, Infura.

https://www.google.com/amp/s/nz.news.yahoo.com/amphtml/ethereum-unannounced-hard-fork-trying-230144206.html

Thursday 12 November 2020

Are The Great Pyramids a Proof of Work System?

It's a great mystery how people could be so motivated to build the Great Pyramids with bare hands so many thousands of years ago. With the bitcoin blockchain building to similar digital proportions, hash rate and computer farms growing across the world and a sense of permanence appearing in the code and in the blocks, a comparison to the pyramids doesn't seem so far fetched. Early bitcoin provides an element of prestige and a means of staking ones place and having ones say in history.

Could the builders of the pyramids have been individually motivated for similar reasons? If you or your family put a block into the base of a pyramid, generations after you, your grand children and their children could be motivated to also put a block on top in order to build on the legacy. The larger the block the greater the proof of work. The unmarked blocks symbolizing the dedication to the single goal of a cohesive society. Once completed the larger the pyramid the greater the proof of work.  

Here's my meme. I think we need more of them, for societies sake. 

https://imgflip.com/i/4l8rg8

<a href="https://imgflip.com/i/4l8rg8"><img src="https://i.imgflip.com/4l8rg8.jpg" title="made at imgflip.com"/></a><div><a href="https://https://midwaycrypto.blogspot.com/2020/11/are-great-pyramids-proof-of-work-system.html">from Midwaycrypto blog</a></div>

Wednesday 30 September 2020

What is Bitcoin's Escape Velocity?

When investment gurus Paul Tudor Jones and funds Micro Strategy are getting in on bitcoin we are at a point where we have to consider where we are on our metaphorical route to the moon. With the price for a full coin at around 10k it can be intimidating, but we are on the satoshi standard now and you can have 100 of them for 1 cent. So as that number bias will fade out. Escape velocity to the next moon I think is approaching and is more about a comparative entry point. Bitcoin, at least as it is now, is a tool for bringing everyday people out of poverty so the escape velocity price is going to be about the moment, what you can afford in one go and the current volatility and price direction. 

At the moment the price is moving generally up but can fluctuate a lot. I don't think many average people would fork out more than 20k for a bitcoin investment in this situation. This means 

Its not scientific, its emotional, but this is what matter as it comparative wealth not just the number that makes the difference. In the face of a 20x bull run from here the stash of sats would be worth 400k something that many people would never be able to save and invest.

When the price starts going straight up the amount people will spend will actually go up, because it seems like a better risk, leading to the moon ramps we have seen. The early investor out paces this though because the commitment value does not increase as much or as fast as the price. 

So the escape velocity is different for everyone. The challenge is getting everyone to feel it before big organisations and governments get in on it at that stage you want to be above your escape velocity line. the best way I would say is to slowly and consistently save The question to be clear on in your own head is, in this moment are you at or above the escape velocity line? Do you have more than 2 BTC or I should say 200 million sats? Maybe a million sats is enough.