Move to lightning. I really like the aqua wallet for people with some btc who don't want to use an exchange. The combination of lightning with liquid basically handling the custody seems like a great idea.
I do wonder if it'll get to the point where BlackRock ends up having to sell their collection of homes to people for fragments of BTC. Only a matter of time right?
Not a lot right now, but depending on your current age, that'll be plenty to retire early. By the way, I think 0.5 will also be life-changing money in the near future, but I'm talking about current prices. People saying "fuck you" to someone with 0.5 BTC, as if he just bought his third house and seventh Lambo this year alone, is quite surprising to me. Makes me wonder how much BTC the average
Not much, The early lot made bank so they prolly chilling on a beach in Mexico or other nice part of the world. Most folks on reddit are still working in the wage cage stacking.
by the time we bitcoin gets ti 2140 energy costs will drop significantly. to the point where more people will be mining and not just corps. Kinda like a global lotto system and will collect the fees.
Imo the biggest threat right now is the bullshit spam that's been going on. Could you imagine if a government put money into spamming the chain? Endless high fees. No one could transact for a decent price. Endless bank roll to make it happen too.
Electricity needs to be really really cheap to hit that point where mining is more profitable than buying. For most people mining can be profitable, but not AS profitable as just spending that money buying coins. But for many miners, it is true that they're more profitable mining because they have access to crazy cheap kWh.
I'm pretty sure this is why the energy prices in the UK have become a major issue where they were artificially hiked to put people off from mining Bitcoin.
My brother had about £250 overdraft, he rung them and explained he was struggling to pay, and they just wiped it, no questions asked. It’s literally imaginary monopoly money used to control the plebs.
I won $907 from sports betting and I'm attempting to transfer it to another wallet, but the normal transfer fee is a whopping $92.00. Absolutely outrageous!
It's gonna get to the point where fee's will break and people will give up making transactions apart from the folks who already own thousands of coins already.
If you value your security from orginized crime groups you would want to be VERY wary of buying hardware wallets. Ledger had a major security breach in 2020 where customers email addresses, names phone number and physical addresses data was stolen.
this config should filter some spam like op_return
Why Knots over Core?
Move to lightning. I really like the aqua wallet for people with some btc who don't want to use an exchange. The combination of lightning with liquid basically handling the custody seems like a great idea.
Isn't their a cost to opening LN channels?
because the crypto bros are spamming the network with ordinals and other useless shit.
I do wonder if it'll get to the point where BlackRock ends up having to sell their collection of homes to people for fragments of BTC. Only a matter of time right?
When that time comes would the Blocks be spammed up with ordinal BS and insane fees?
That's cool.
It hurts a bit less to figure that most of these wallets probably sold before the asset hit $1
Pretty much, The ones that did keep hold and still have access to their funds no doubt went into hiding living the chill and quiet life.
Not a lot right now, but depending on your current age, that'll be plenty to retire early. By the way, I think 0.5 will also be life-changing money in the near future, but I'm talking about current prices. People saying "fuck you" to someone with 0.5 BTC, as if he just bought his third house and seventh Lambo this year alone, is quite surprising to me. Makes me wonder how much BTC the average
Not much, The early lot made bank so they prolly chilling on a beach in Mexico or other nice part of the world. Most folks on reddit are still working in the wage cage stacking.
But if you DCA, when do you sell and take profit?
its an insurance policy. not get rich quick.
might as well go casino.
I think it was ramsandwich
ramranch?
those peasants had shit money but could afford cameras back then?
this game has trade system?
Yeah those early days were kinda scary.
by the time we bitcoin gets ti 2140 energy costs will drop significantly. to the point where more people will be mining and not just corps. Kinda like a global lotto system and will collect the fees.
sounds like noise.
Imo the biggest threat right now is the bullshit spam that's been going on. Could you imagine if a government put money into spamming the chain? Endless high fees. No one could transact for a decent price. Endless bank roll to make it happen too.
So like Ordinals and runes?
Electricity needs to be really really cheap to hit that point where mining is more profitable than buying. For most people mining can be profitable, but not AS profitable as just spending that money buying coins. But for many miners, it is true that they're more profitable mining because they have access to crazy cheap kWh.
I'm pretty sure this is why the energy prices in the UK have become a major issue where they were artificially hiked to put people off from mining Bitcoin.
My brother had about £250 overdraft, he rung them and explained he was struggling to pay, and they just wiped it, no questions asked. It’s literally imaginary monopoly money used to control the plebs.
Lets hope your brother never needs to call Bitcoin CEO :D
Them fee's though.....
I won $907 from sports betting and I'm attempting to transfer it to another wallet, but the normal transfer fee is a whopping $92.00. Absolutely outrageous!
It's gonna get to the point where fee's will break and people will give up making transactions apart from the folks who already own thousands of coins already.
what’s up with ledger?
If you value your security from orginized crime groups you would want to be VERY wary of buying hardware wallets. Ledger had a major security breach in 2020 where customers email addresses, names phone number and physical addresses data was stolen.
Can't wait to see how large the fee's gonna be....
That’s like 100 years from now but from my understanding the idea is that “miners” then will earn via transaction fees alone. Could be wrong…
hopefully by the time that happens energy efficiancy will be enough to support the network because if it isn't it'll be RIP.
sats will become normalized in 2032. till then keep stacking n chill.
was that around the time the billionaire was tweeting about it?
8 years for me but thank you Difficulty Retargeting is next and we carry on
Yeah I can't wait to see what 2032 will be like.
Is this why the fees are going crazy right about now? Block 840002 just got 16.068 for a fee :O