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re: Official CryptoTalk Thread

Posted on 5/21/24 at 6:48 am to
Posted by I Love Bama
Alabama
Member since Nov 2007
37743 posts
Posted on 5/21/24 at 6:48 am to
quote:

I understand who you are now.


Tongue in cheek of course but also some truth.

Can you name one person in the Bitcoin community that if they died today, it would tank bitcoin 50%?

If Vitalik dies today what happens to eth? If you are being intellectually honest you know the answer.


Posted by BottomlandBrew
Member since Aug 2010
27174 posts
Posted on 5/21/24 at 6:52 am to
quote:

Orange juice


University of Florida develops a new orange variety that doubles output per acre while adding extra disease resistance.

quote:

Coffee


New roasting technology allows beans to be kept fresh longer.

And on and on. Admittedly, gold and silver are hard to make a case for from my point of view on adaptability, but that's fine. They're like bitcoin - steady and unchanging. Others commodities adapt.

Posted by I Love Bama
Alabama
Member since Nov 2007
37743 posts
Posted on 5/21/24 at 7:02 am to
You are really stretching. lol.

I live next to a coffee farm and they would tell you it’s the same product now as it was 100 years ago.
Posted by Art Blakey
Member since Aug 2023
100 posts
Posted on 5/21/24 at 7:14 am to
Anyone have thoughts on how lack of staking in the eth etf will affect demand?
Posted by BottomlandBrew
Member since Aug 2010
27174 posts
Posted on 5/21/24 at 7:38 am to
That is not stretching. Developments happen to those commodities all the time.
Posted by The Baker
This is fine.
Member since Dec 2011
16189 posts
Posted on 5/21/24 at 9:10 am to
quote:

If Vitalik dies today what happens to eth? If you are being intellectually honest you know the answer.


5 years ago? A lot.

Today? Negligible impact, layer 1 is finished.
Posted by BottomlandBrew
Member since Aug 2010
27174 posts
Posted on 5/21/24 at 9:44 am to
What if Satoshi's wallets start showing movement?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80806 posts
Posted on 5/21/24 at 1:14 pm to
quote:

Can you name one person in the Bitcoin community that if they died today, it would tank bitcoin 50%?

Michael Saylor

Joking but kind of not, but it would crash for a different reason. While he is alive, we know 1%+ of all circulating supply will never be sold. If he is dead, there is zero assurance the next in line at MSTR would feel the same way.

ETA: I've recently developed the opinion that Michael Saylor's health is the single most important thing for the price of Bitcoin in the short/medium term (outside of some blockchain hack/bug)
This post was edited on 5/21/24 at 1:16 pm
Posted by LordSaintly
Member since Dec 2005
39003 posts
Posted on 5/21/24 at 4:05 pm to
quote:

What if Satoshi's wallets start showing movement?


Aside from Satoshi himself making a comeback, this would be the crypto apocalypse
Posted by BottomlandBrew
Member since Aug 2010
27174 posts
Posted on 5/22/24 at 9:37 am to
Big day today for crypto in Congress (unless you're a BTC maxi). It's still not too late to make a quick call to your rep to support FIT21. Biden admin says that while they oppose the bill, but will not veto it.

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Posted by I Love Bama
Alabama
Member since Nov 2007
37743 posts
Posted on 5/22/24 at 11:00 am to
Very big deal and it removes a big portion of the risk investors have faced. We should run hard after this.

Correct me if I am wrong, but this paves the way for banks to hold bitcoin and make fiat loans against the asset.

I don't think we see this for a few years as we still have too much volatility but the path is there.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16934 posts
Posted on 5/22/24 at 12:49 pm to
were these actually ever discovered?
Posted by BottomlandBrew
Member since Aug 2010
27174 posts
Posted on 5/22/24 at 12:55 pm to
You may be thinking of H.J. Res. 109, which is currently sitting on Biden's desk awaiting a decision by his handlers.

FIT21 is a much more comprehensive bill that clarifies many questions between who has authority over what and what is considered a security or commodity, what is considered decentralized, and what is the process of moving from a security to a commodity as a project progresses. It also provides consumer protection against rugs and whatnot
Posted by BottomlandBrew
Member since Aug 2010
27174 posts
Posted on 5/22/24 at 6:20 pm to
FIT21 passes the House with a vote of 279-136.

Time to contact your Senators. See here if your senator is for or against crypto. LINK
Posted by boomtown143
Merica
Member since May 2019
6726 posts
Posted on 5/23/24 at 11:18 am to
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This post was edited on 5/23/24 at 11:19 am
Posted by The Baker
This is fine.
Member since Dec 2011
16189 posts
Posted on 5/23/24 at 3:09 pm to
The ETH price chart… lol
Posted by boomtown143
Merica
Member since May 2019
6726 posts
Posted on 5/23/24 at 4:01 pm to
Posted by boomtown143
Merica
Member since May 2019
6726 posts
Posted on 5/23/24 at 4:10 pm to
Posted by The Baker
This is fine.
Member since Dec 2011
16189 posts
Posted on 5/23/24 at 4:17 pm to
See yall on the lunar base
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