Sci/Tech Official Bitcoin to infinity ♾️ thread

[SiLVa_ABCTT]

Oh I know.
I also know that Bitcoin didn't go up 380% in 30 days. XRP was ripe for a run with the SEC news.

Just like Maverick in Top Gun. I had the shot. There was no danger. So I took it.

Yes you got a win.
Congrats. I understand XRP holders maybe haven’t had a 400% increase in one month before.
Bitcoin has had several moves like that in a month, just because they didn’t happen at the same time doesn’t really matter unless you’re holding it but with Bitcoin it’s percentage increases are even more so when you hold longer.

 

[Bungee up]

It was completely by chance. I used to make fun of a friend of mine for his conspiracy theories - we were like 18/19 years old and he told me to look Bill up as a challenge to think outside the box. I read his book and consumed some of his radio shows and when I heard one that mentioned his CAJI group (Citizen’s Agency for Joint Intelligence) and the conferences, I needed to get more answers and wanted to go in person to really get a good read on the people and what they were about. I was skeptical. Changed my life, even that brief time I knew him was only like 18- 20 months before he was killed. Once he was killed and I knew how it happened, it blew my mind. I could tell they murdered him because he would be a problem for the government. Bill’s instincts were nuts when it came to sniffing out bullshit. He exposed 9/11 months before it happened and called Alex Jones a liar on air - a month later he was dead. His death completely hushed and disregarded. I still talk to Doyel and Rob who took over the website for Bill afterwards. CAJI was disbanded. Gave me a whole different outlook on a lot of stuff. But also realized where Bill was wrong on some things and even to this day he’s misquoted and used to push certain narratives. Nothing is ever black and white. So I’m always digging into shit. Just don’t post a lot about it because I’m not trying to convince people of anything except solutions.

A lot of these things came about as alternatives to Bitcoin in one form or another. The tech wasn’t as bulletproof or decentralized in comparison. And ultimately neither of them do anything that can’t be done with Bitcoin. This is the case for many of the cryptocurrencies out there.
Bitcoin even at its basic layer is far more secure and trustless. With Ripple and Hedera, you have to trust the founders and their intentions and I’m just not going to do that because it makes no sense. They have their own incentives otherwise they could develop on Bitcoin but they make some other token because they want to print money for themselves.
One of the shady Ripple founders was part of Mt. Gox fiasco. I just don’t trust them.

Thanks.
Where I was coming from with the ripple and hedera question was , is their tec there yet to be used as the backbone of the CBDC? Where they can put everything on a ledger and revoke things at will.
Definitely not interested as far as a crypto investment. Although they possibly might pump up xrp if they use ripple and introduce xrpusd stablecoin.
I'm not sure about that? What are your thoughts?

 

[SiLVa_ABCTT]

Thanks.
Where I was coming from with the ripple and hedera question was , is their tec there yet to be used as the backbone of the CBDC? Where they can put everything on a ledger and revoke things at will.
Definitely not interested as far as a crypto investment. Although they possibly might pump up xrp if they use ripple and introduce xrpusd stablecoin.
I'm not sure about that? What are your thoughts?

I think Ripple and others are trying to promote their tech as solutions for CBDCs but I don’t think they will be utilized like they claim. It’s all marketing hype. They’ve been claiming this type of thing since inception. And nothing the government uses will be tied directly to XRP(the asset) that would make its price go up just because it’s some other tech Ripple made. Of course people can think it’s going up so they are buying it and it’s pumping but they usually don’t understand how market cap works. They are the same types of morons that make claims like “XRP will go to $10,000” which is absolutely absurdly retarded if you think about it. No one does the math on this stuff they just buy into hype most of the time.

It’s hard to say how CBDCs will work or if they ever do them in the U.S.
If they do it will likely be a dollar stable coin like Tether or something similar. Some have theories it could be a dollar stable coin that’s on a sidechain on Bitcoin. But it’s still really early to tell which way it goes though.
The Digital Euro/CBDC is more further along and even they haven’t yet decided on what tech they want to use, whether blockchain or not, so I’m watching their moves to see how things shake out for the U.S.

 

[IschKabibble]

I think Ripple and others are trying to promote their tech as solutions for CBDCs but I don’t think they will be utilized like they claim. It’s all marketing hype. They’ve been claiming this type of thing since inception. And nothing the government uses will be tied directly to XRP(the asset) that would make its price go up just because it’s some other tech Ripple made. Of course people can think it’s going up so they are buying it and it’s pumping but they usually don’t understand how market cap works. They are the same types of morons that make claims like “XRP will go to $10,000” which is absolutely absurdly retarded if you think about it. No one does the math on this stuff they just buy into hype most of the time.

It’s hard to say how CBDCs will work or if they ever do them in the U.S.
If they do it will likely be a dollar stable coin like Tether or something similar. Some have theories it could be a dollar stable coin that’s on a sidechain on Bitcoin. But it’s still really early to tell which way it goes though.

Where do you trade your coins? Bill Cooper was the man. I was exposed to his book when I was around 14 and I haven't looked at the world the same since. I have his Mystery Babylon radio series on my hard drive and can only digest a couple episodes at a time. He was the single greatest independent mind to ever dig into the occult. Jordan Maxwell has been on my radar lately. He's obsessed with occult too, but seems to get tripped up on vocabulary. He's always pointing out similarities in words that don't strike me as related.

 

[SiLVa_ABCTT]

Where do you trade your coins? Bill Cooper was the man. I was exposed to his book when I was around 14 and I haven't looked at the world the same since. I have his Mystery Babylon radio series on my hard drive and can only digest a couple episodes at a time. He was the single greatest independent mind to ever dig into the occult. Jordan Maxwell has been on my radar lately. He's obsessed with occult too, but seems to get tripped up on vocabulary. He's always pointing out similarities in words that don't strike me as related.

I don’t trade anything. I don’t have a high risk tolerance for investing and not going to risk losing money that I’d rather buy bitcoin with. So I just buy Bitcoin, sometimes get paid in Bitcoin and I hold it or spend it if I feel like it, depending on what it is.
Bill was a great researcher, his physical library was amazing. And his past radio shows are honestly a great collection and worth giving a listen to.
I agree on Jordan Maxwell, he started to lose it a bit I think.

 

[IschKabibble]

I don’t trade anything. I don’t have a high risk tolerance for investing and not going to risk losing money that I’d rather buy bitcoin with. So I just buy Bitcoin, sometimes get paid in Bitcoin and I hold it or spend it if I feel like it, depending on what it is.
Bill was a great researcher, his physical library was amazing. And his past radio shows are honestly a great collection and worth giving a listen to.
I agree on Jordan Maxwell, he started to lose it a bit I think.

I meant to ask which exchange you use to buy. It's one of the things that trips me up on getting started. It seemed like Binance was just at risk of losing everything. I believe in crypto, but my belief ends when it comes to the Federal gov't. I just can't see them letting go of the power of fiat.

Binance and CEO Plead Guilty to Federal Charges in $4B Resolution

Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to...

www.justice.gov

https://www.reuters.com/markets/europe/ftx-sues-binance-its-former-ceo-18-bln-2024-11-11/

 

[SiLVa_ABCTT]

I don’t use the usual crypto exchanges. Never have really.
I buy from Swan or River and I buy directly from miners I know. If you go to Bitcoin meet ups you can find some miners there that usually are willing to sell for cash.

 

[Hauler]

I meant to ask which exchange you use to buy. It's one of the things that trips me up on getting started. It seemed like Binance was just at risk of losing everything. I believe in crypto, but my belief ends when it comes to the Federal gov't. I just can't see them letting go of the power of fiat.

Binance and CEO Plead Guilty to Federal Charges in $4B Resolution

Binance Holdings Limited (Binance), the entity that operates the world’s largest cryptocurrency exchange, Binance.com, pleaded guilty today and has agreed to pay over $4 billion to resolve the Justice Department’s investigation into violations related to the Bank Secrecy Act (BSA), failure to...

www.justice.gov

https://www.reuters.com/markets/europe/ftx-sues-binance-its-former-ceo-18-bln-2024-11-11/

I use Uphold.

Uphold: Buy & Sell Crypto & Metals | Trade Digital Assets

Buy & sell crypto, stablecoins, and precious metals on the world's leading digital assets trading platform. Sign up today and trade anything to anything at Uphold.

uphold.com

My buddy dabbles in this shit and that's what he uses. I opened an account to originally buy in on XRP. You send money directly from your bank - it's encrypted and all that shit - then convert the cash to whatever coin you're after. When XRP went nuts I cashed out about half and moved the US dollars back to my bank account. It cleared in a couple days. No issues.

It must have been some sort of promotion because I've never bought any, but I have .00073 bitcoin in there. It was like $20 cash value. Now it's $73.80

I also have 4 EVR coins that appeared out of nowhere. Those are worth about $.25 each

Basically - I have no idea what I'm doing.
If you aren't comfortable with Uphold - and there are some negative reviews out there - Coinbase appears to be the favored exchange.

https://www.coinbase.com/

 

[Bungee up]

Thanks mate.
Let's just back up a minute Here.
I'd love a bit of clarification from you because I know I'm probably missing something / got something entirely wrong. So let's just forget all the cbdc and government shit for now.
1) for sure 100% the banks have been wanting a platform to give money on . Something better than what they have. That is 100% not conspiratorial and an overtly stated fact.
2) ripple apparently was created to satisfy that need. It was created before bitcoin.

Elon musk's brainchild creation was something like this when he started x.com
( side note. Not entirely relevant).

3) yes , for things to work properly then there would have to be a reliable stable coin of some knid. IMO xrp USD.

And this is why I'm asking your opinion?
What if the banks fully adopt ripple/xrp as their trading platform.
If they did it they would have to all do it- that would be the point of it.
What if they used xrp and had xrp " stablecoin " on the side. But used xrp as their main vehicle ?
Imagine trillions of dollars flowing on that thing. Of course the price will go crazy.
Apparently the founders of ripple have a shipload of xrp. That would be their pay-off.

Or they( the banks) could go to a competetor like hedera hashgraph.

This is why I'm asking and where I'm coming from.
I know I probably have something wrong.so would like your input.
Please explain the flaws, I'm sure I'm missing something involving maket cap or something.
Thanks

 

[SiLVa_ABCTT]

1) for sure 100% the banks have been wanting a platform to give money on . Something better than what they have. That is 100% not conspiratorial and an overtly stated fact.

I’m in agreement there. It was talked about with “The Amero” back in the late 90s and then digital UBI. However we also have to remember our system in America still has certain checks and balances. Congress would have to approve of major money changes like CBDC/UBI so it’s not an easy done deal even though it’s been talked about for a while.

2)ripple apparently was created to satisfy that need. It was created before bitcoin.

This is what their marketing team pushes out there. But it’s not the truth.
Ripple and XRP were both created after Bitcoin. The so called predecessor Ripple Pay was named and founded earlier by someone one else and had nothing to do with the XRP crypto technology that Ripple developed, they just used the name

And this is why I'm asking your opinion?
What if the banks fully adopt ripple/xrp as their trading platform.

I don’t think they will. Besides XRP is XRP, any XRP/Ripple stablecoins, which hasn’t been launched yet afaik, would be separate from the XRP ledger. So it would not affect XRP prices directly. This is something that gets claimed all the time but it’s bullshit. Just like people buying ordinals and Bitcoin NFTs on Bitcoin does nothing to pump the price of Bitcoin, even when it was at its fever pitch. The relationship between the Ripple network and XRP ledger is often very blurred and this is done on purpose.
Also…I just don’t believe all the Ripple claims. There was a conference in June 2019, the Western Union CEO Hikmet Ersek commented that his company had experimented with Ripple in 2018 but had chosen not to adopt their cryptocurrency based payments software, asserting that it was "five times more expensive", than using their existing infrastructure.

If they did it they would have to all do it- that would be the point of it.
What if they used xrp and had xrp " stablecoin " on the side. But used xrp as their main vehicle ?
Imagine trillions of dollars flowing on that thing. Of course the price will go crazy.

No. It doesn’t function that way with the tech. Like I said, they are related but not the same thing. Banks can use the Ripple network for remittances and other payments without ever touching XRP.
It’s the XRP marketers that try to claim it’s all the same thing and one thing will affect the other. It’s just false from how I understand it.

 

[AnotherTMAGuy]

Wrapping my head around this. What do you reckon?

The US Should Sell Its Gold and Acquire Bitcoin (BTC), Says MicroStrategy’s Michael Saylor – Here's Why - The Daily Hodl

MicroStrategy co-founder Michael Saylor says the US should offload all its gold and accumulate Bitcoin (BTC) as part of a new strategy to cement the country's world financial dominance.

dailyhodl.com

“So the very simple idea is to buy 20 or 25% of the Bitcoin network on behalf of the US government, catalyze the development of that world reserve capital network, and then let all the Chinese and the Russians and foreigners sell all their other assets and buy Bitcoin and then the money flows into the United States.


If you want to put a great twist on it, dump your gold, sell all the US gold, buy Bitcoin.


Then the trade is free because you could buy five million Bitcoin for the cost of the gold. You will demonetize the entire gold asset class and our enemies hold gold in their banks, so their assets would go to zero, our assets would go to a hundred trillion dollars and we would control the world’s reserve capital network as well as the world’s reserve currency network.”

 

[SiLVa_ABCTT]

Wrapping my head around this. What do you reckon?

The US Should Sell Its Gold and Acquire Bitcoin (BTC), Says MicroStrategy’s Michael Saylor – Here's Why - The Daily Hodl

MicroStrategy co-founder Michael Saylor says the US should offload all its gold and accumulate Bitcoin (BTC) as part of a new strategy to cement the country's world financial dominance.

dailyhodl.com

“So the very simple idea is to buy 20 or 25% of the Bitcoin network on behalf of the US government, catalyze the development of that world reserve capital network, and then let all the Chinese and the Russians and foreigners sell all their other assets and buy Bitcoin and then the money flows into the United States.


If you want to put a great twist on it, dump your gold, sell all the US gold, buy Bitcoin.


Then the trade is free because you could buy five million Bitcoin for the cost of the gold. You will demonetize the entire gold asset class and our enemies hold gold in their banks, so their assets would go to zero, our assets would go to a hundred trillion dollars and we would control the world’s reserve capital network as well as the world’s reserve currency network.”

It might be good for my bag of Bitcoin as far as number going up but I honestly rather citizens of the country buy Bitcoin for themselves. Personally my feelings, I don’t want governments buying Bitcoin. If the government wants Bitcoin, they should keep what they already have and start accepting Bitcoin for payments, fines, taxes etc. That way they get Bitcoin that people are willing to part with and leaving the rest of supply in the hands of people.
That being said, this is part of the game theory of Bitcoin that I’ve been yapping about for years. Once governments start buying- and I already know governments are buying- we will see monumental growth in market cap. I think we’re actually seeing that play out now. I have it on pretty good authority that Saudis are buying but they don’t want to announce it.

 

[IschKabibble]

My concerns grow today. BTC price action doesn't agree.

Second, Willow performed a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion (that is, 1025) years — a number that vastly exceeds the age of the Universe.

Meet Willow, our state-of-the-art quantum chip

Our new quantum chip demonstrates error correction and performance that paves the way to a useful, large-scale quantum computer.

blog.google

 

[Bungee up]

I’m in agreement there. It was talked about with “The Amero” back in the late 90s and then digital UBI. However we also have to remember our system in America still has certain checks and balances. Congress would have to approve of major money changes like CBDC/UBI so it’s not an easy done deal even though it’s been talked about for a while.

Thanks.
I have no idea why I used the word give. That just confuses the situation even more.
I ment transact on.
I agree with your answer though.

This is what their marketing team pushes out there. But it’s not the truth.
Ripple and XRP were both created after Bitcoin. The so called predecessor Ripple Pay was named and founded earlier by someone one else and had nothing to do with the XRP crypto technology that Ripple developed, they just used the name

I don’t think they will. Besides XRP is XRP, any XRP/Ripple stablecoins, which hasn’t been launched yet afaik, would be separate from the XRP ledger. So it would not affect XRP prices directly. This is something that gets claimed all the time but it’s bullshit. Just like people buying ordinals and Bitcoin NFTs on Bitcoin does nothing to pump the price of Bitcoin, even when it was at its fever pitch. The relationship between the Ripple network and XRP ledger is often very blurred and this is done on purpose.
Also…I just don’t believe all the Ripple claims. There was a conference in June 2019, the Western Union CEO Hikmet Ersek commented that his company had experimented with Ripple in 2018 but had chosen not to adopt their cryptocurrency based payments software, asserting that it was "five times more expensive", than using their existing infrastructure.

This is interesting and sheds some light on things.
I didn't expect it to be more expensive let alone 5x.
I'm guessing that must be electricity or something.

It was my understanding that ripple is a software ( not even sure if that's the right term )that central backs could adopt and would suit their needs. Xrp is it's own crypto and can operate independently but it's currently the only crypto that's compatible with ripple and would most likely be used if the banks went to ripple.

There is a lot of BS out there so I'm probably not great at knowing what is and isn't bullshit.
Thanks for your input though.
It's a really busy time of year so it's taken me a while to get back.

 

[MountainMedic]

hold for at least 5 years

What about shorter time frames?

I'll be taking in a small stack when my property sells, and most of that will go directly towards the new property (when I find it), but I'm willing to consider a gamble and divert some to this. Maybe 5-10g.

Maybe..... lol. I still have a very difficult time trusting anything that can be wiped away by a magnet or power surge. Or an oppressive and tyrannical government.

I'm 55, I don't have that much time to park assets or recover from devastating losses.

Thoughts?

 

[IschKabibble]

View: https://twitter.com/EricLDaugh/status/1867218895368495241

 

[Bushkill Blades]

So, say I've got an extra 5-10k that's just sitting around doing fuckall.

What would you guys do with it so that it's not just sitting there losing value?

 

[AnotherTMAGuy]

So, say I've got an extra 5-10k that's just sitting around doing fuckall.

What would you guys do with it so that it's not just sitting there losing value?

Is it life changing money or spare cash? It the former, gold/silver. If the latter, BTC, ETH, ADA.

 

[Bushkill Blades]

Spare. Just sitting around collecting dust.

 

[SiLVa_ABCTT]

My concerns grow today. BTC price action doesn't agree.

Meet Willow, our state-of-the-art quantum chip

Our new quantum chip demonstrates error correction and performance that paves the way to a useful, large-scale quantum computer.

blog.google

This quantum computing stuff is still a long way away and Bitcoin is quantum adaptable so when and if they need to change the algorithm to be quantum proof, it will be able to get done pretty effectively.

 

[SiLVa_ABCTT]

So, say I've got an extra 5-10k that's just sitting around doing fuckall.

What would you guys do with it so that it's not just sitting there losing value?

I’d buy Bitcoin, 😂 obviously. If it’s just going to sit anyway, it’s better off converted into BTC.

 

[SiLVa_ABCTT]

Maybe..... lol. I still have a very difficult time trusting anything that can be wiped away by a magnet or power surge. Or an oppressive and tyrannical government.

Even if power goes out, likely it’s a short time frame. Not something that’s persistent or else we have bigger issues. And as far as magnet goes, when you have your seed phrase (wallet password) and your Bitcoin in cold storage, you can restore your wallet on any computer or phone no matter if it gets wiped off a hard drive.
I always recommend multiple backups of your seed phrase stamped in steel just in case.

Thanks.
I have no idea why I used the word give. That just confuses the situation even more.
I ment transact on.
I agree with your answer though.

This is interesting and sheds some light on things.
I didn't expect it to be more expensive let alone 5x.
I'm guessing that must be electricity or something.

It was my understanding that ripple is a software ( not even sure if that's the right term )that central backs could adopt and would suit their needs. Xrp is it's own crypto and can operate independently but it's currently the only crypto that's compatible with ripple and would most likely be used if the banks went to ripple.

There is a lot of BS out there so I'm probably not great at knowing what is and isn't bullshit.
Thanks for your input though.
It's a really busy time of year so it's taken me a while to get back.

No problem. I’ve just been around the block many times with the rabid XRP army on Twitter. Most of them just buy wholesale all the marketing bullshit and understand very little of the tech and how things work.
Ripple pays for a huge amount of marketing and counter marketing as well. In fact they were the main funder ($5M) of the Greenpeace “Bitcoin is bad for the environment/Change the Code” bullshit campaigns the last few years. Because they’re WEF stooges.

Bitcoiners Scoff at Chris Larsen's $5M Campaign to Force a BTC Code Change

Working with Greenpeace, the Ripple chairman is attempting to do what big-blockers failed to in 2017: significantly alter Bitcoin's software without widespread consensus.

www.coindesk.com

 

[SiLVa_ABCTT]

What about shorter time frames?

I'll be taking in a small stack when my property sells, and most of that will go directly towards the new property (when I find it), but I'm willing to consider a gamble and divert some to this. Maybe 5-10g.

I'm 55, I don't have that much time to park assets or recover from devastating losses.

Thoughts?

It can do well the next year or so but the way the Bitcoin cycles have been going typically there is 3 years of up action, one year of down action. And that - so far- has repeated consistently, but hard to say now with so much financial and institutional investment. Could still go the same way, just on bigger swings.
Hard to say. The good thing is, when you see it tank, whether you can handle it or not. You have to stick it out, because selling at a loss always hurts more when it comes back up and I don’t see that stopping.
I modified this chart a few days ago to make it reflect current price. You can see the 3 green, one red. There are monthly charts like this but it’s not as consistent as the annual.