What's CoinBase's angle here? Are they advocating for Britain to change their policies? If so, that's based, but I'm surprised to see it!
there's no intrinsic value guys...its over, bitcoin will go negative
The other funny thing was the associated story on the innerwebs that came with this one, the Harvard economist that said that in 10 years [2018] we'll likely see $100 before $100k, Kenneth Rogoff. It's perfect and funny as heck that one of the guys Urkel might think was part of the usury movement, but weirdly it's the opposite: he hated BTC - much like Larry Summers and the generalized tribe link to central authority and stealing of labor by debasement.
And he got his ass handed to him. Sound familiar?
Based_Christian_Dude
Catholic
Roman Storm was found guilty. The Samourai Wallet developers pleaded guilty on their case (most likely coerced). A few other crypto folks are still fighting for their innocence. These are not a good case studies for anyone in the USA.
It's not "weird," oppositism is the new psyop. Everybody's in on the usury movement, myself included. I'm just trying to lessen my footprint.
That being said, I'm sure that you and @chance vought will be happy to hear that I am officially eating crow and buying bitcoin.
Let's take this thing to 200K!
I have seen recent reports on XMR being hacked through a larger mining operation finding a way through some encouragement of users to join them. We'll see if it shakes out.
I would so love this.
AS and I keep wondering what scorpion will say when BTC hits 500k, and if nothing then, will he come out from under the rock and relent at 1M?
You beat him (I hope) !
Based_Christian_Dude
Catholic
It's not really a hack, just an attempted 51% attack on controlling the hash rate via merge mining. Some shitcoin wankers are convincing XMR miners to mine for their pool and in return, they get their shitcoin instead of XMR. They got 40% hash so far. If more people mine on P2pool or a trusted pool by the Monero community, this wouldn't be a problem. It's similar to Bitcoin-core and Bitcoin-Knots situation.
For those who want help mine Monero while earning it without KYC:
Use this simple GUI:
GitHub - hinto-janai/gupax: GUI Uniting P2Pool And XMRig
GUI Uniting P2Pool And XMRig. Contribute to hinto-janai/gupax development by creating an account on GitHub.
github.com
GitHub - SChernykh/p2pool: Decentralized pool for Monero mining
Decentralized pool for Monero mining. Contribute to SChernykh/p2pool development by creating an account on GitHub.
github.com
GitHub - xmrig/xmrig: RandomX, KawPow, CryptoNight and GhostRider unified CPU/GPU miner and RandomX benchmark
RandomX, KawPow, CryptoNight and GhostRider unified CPU/GPU miner and RandomX benchmark - xmrig/xmrig
github.com
Turns out that the updater might update XMRig and P2pool individually, so bundled may be fine. But if not, you can individually download them.
Need to update P2Pool · Issue #129 · hinto-janai/gupax
P2Pool has updated a few times since the release and I am curious if we have a work-around to update it from 4.4 to 4.7?
github.com
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It is NOTHING like core vs knots.It's not really a hack, just an attempted 51% attack on controlling the hash rate via merge mining. Some shitcoin wankers are convincing XMR miners to mine for their pool and in return, they get their shitcoin instead of XMR. They got 40% hash so far. If more people mine on P2pool or a trusted pool by the Monero community, this wouldn't be a problem. It's similar to Bitcoin-core and Bitcoin-Knots situation.
For those who want help mine Monero while earning it without KYC:
Use this simple GUI:
GitHub - hinto-janai/gupax: GUI Uniting P2Pool And XMRig
GUI Uniting P2Pool And XMRig. Contribute to hinto-janai/gupax development by creating an account on GitHub.
Don't use the bundle version of gupax since its P2Pool and XMRig are out of date! Just download the standalone gupax version and latest of P2Pool and XMRig individually and tell gupax to use them:
GitHub - SChernykh/p2pool: Decentralized pool for Monero mining
Decentralized pool for Monero mining. Contribute to SChernykh/p2pool development by creating an account on GitHub.
GitHub - xmrig/xmrig: RandomX, KawPow, CryptoNight and GhostRider unified CPU/GPU miner and RandomX benchmark
RandomX, KawPow, CryptoNight and GhostRider unified CPU/GPU miner and RandomX benchmark - xmrig/xmrig
Turns out that the updater might update XMRig and P2pool individually, so bundled may be fine. But if not, you can individually download them.
Need to update P2Pool · Issue #129 · hinto-janai/gupax
P2Pool has updated a few times since the release and I am curious if we have a work-around to update it from 4.4 to 4.7?
This is antifragility in action. From now on, software developers will remain anonymous, and if they want to profit, set up a DAO.
“When this greatest tax haven of them all is fully open for business, all funds will essentially be offshore funds at the discretion of their owner. This will have cascading consequences. The state has grown used to treating its taxpayers as a farmer treats his cows, keeping them in a field to be milked. Soon, the cows will have wings.
Like an angry farmer, the state will no doubt take desperate measures at first to tether and hobble its escaping herd. It will employ covert and even violent means to restrict access to liberating technologies. Such expedients will work only temporarily, if at all. The twentiethcentury nationstate, with all its pretensions, will starve to death as its tax revenues decline.”
Excerpt From
The Sovereign Individual
James Dale Davidson, Lord William Rees-Mogg
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Between this and a relative tax revolt, they will be helpless.
This is the death of the God State complex that I have accused of others, not realizing that they have been suggesting that something that isn't God has almost as much power. Sad.
I think a lot of people who are anti Bitcoin do not appreciate the significance of all the recent pro stable coin regulations that have passed. Its rocket fuel for the growth of stable coin issuance. According to Bloomberg stable coin market cap could hit $3.7 trillion USD by the end of 2030. Even if Tethers market share declines materially from the current 75% it will still 10x its profit. As we all know Tether likes to use its profits to buy more Bitcoin. In 2024 Tether generated $13 billion of profit.
By 2030 Tether could be generating over $100 billion of net profit after tax which it will then use to acquire Bitcoin. That is $100 billion every year being plowed into buying more Bitcoin on top of all the existing demand. You can imagine what that will do to the Bitcoin price,
By 2030 Tether could be generating over $100 billion of net profit after tax which it will then use to acquire Bitcoin. That is $100 billion every year being plowed into buying more Bitcoin on top of all the existing demand. You can imagine what that will do to the Bitcoin price,
I agree that stablecoins are a big deal. But I don't think they are necessarily going to help Bitcoin as much as you think. Indeed, the existence of stablecoins completely kills one of the major selling points of Bitcoin, which is that it serves as a financial life raft for people in foreign countries with weak currencies and banking systems to pile into. If anything, USD denominated stablecoins will only serve to strengthen and prolong the reign of the dollar as the world reserve currency. USD stablecoins are essentially a means by which the US government can indirectly sell its debt to foreign citizens, which is quite a genius bit of financial engineering.
Based_Christian_Dude
Catholic
What I meant is that it has enough similarities where there are two competing entities for the future of a coin's blockchain. The miners decide which one eventually.
While this will encourage anonymous development, the problem is many developers become drunk on fame and want to reveal themselves or may make an OPSEC error that accidentally reveals who they are. While there are many developers in hiding, there are plenty that are not; some public developers are the brightest in the whole blockchain-space. The best solution is to fight back with legality, which the US is over stepping regardless.
On the topic of fighting taxation, most folks aren't fighting back. Hell, even the men on this forum aren't doing that and laughed at me when I pointed out the questionable legality of Income Tax in the USA. They didn't even bother researching or at least spread the bloody info online for a random legal autist to investigate.
We already went through this. The legal system is completely corrupt. Even if we assume what your are saying is 100% true and income tax is completely illegal that won’t stop the government from throwing you in prison on false charges.
Stable coins will act as a gateway to bitcoin. When people own stable coins in an app and they can click a button and swap some of their stable coins for bitcoin what do you think is going to happen?
Sure, some people will. But most won't. The people of El Salvador have had ready access to Bitcoin for years now and 99% of them don't use it. Most people have no interest in Bitcoin, and with stablecoins easily available, many of the few who do will have even less interest in it.