Banning PoW and relying on PoS is wrong.
Bitcoin is able to go 100% green energy without the threat of an oligarchy system like PoS.
The US banning PoW, knowing that PoS can be manipulated to create the same system in place is wrong. Fight against the ban of PoW!
#Bitcoin has traded in a close to ~10% range for the past 2 and a half months. Trailing 30-day volatility for $BTC is at extremely low levels which typically don't last too long.
@Ledger
Now that you are in the recovery business, if a user is compromised you'll be compensating them right?
You're becoming a custodian, so you'll offer consumer protection...no?
At @MicroStrategy, we are working on a product to deliver a #Bitcoin wallet & #Lightning⚡️ address to every corporate account holder and enable quick & easy development & deployment of bitcoin rewards applications to employees, customers, prospects, & partners.
The ordinal craze is finally starting to impact the $BTC fee market. Transaction fees have accounted for about 12% of total block rewards for miners over the past 4 days. This is the first time that fees have been a double digit % of rewards since the 2021 bull market.
#Bitcoin liveliness is on trend to soon enter levels not seen since late 2020. Liveliness is a measure of coin dormancy and movement (1 represents all coins moving & 0 means no coins have ever moved). The current downtrend in liveliness is indicative of accumulation and HODLing.
#Bitcoin has been trading above its 200 week moving average for 15 days and counting at this point. This marks what may be a new phase of the cycle after the longest consecutive stretch of days (210) trading below this ~4 year trailing average.
The percentage of $BTC that has not moved in the past year has breached 68% of total supply, a new all-time high. Advocates may argue that this is a variation of Gresham's Law - $BTC acts as an emergent monetary asset which is accumulated while less desirable currency is spent.
Those calling for lower levels in assets like $BTC & $ETH may be missing some of the differences between the size and adoption of crypto today vs a few short years ago.
Take stablecoins locked in $ETH smart contracts for example:
- 01/01/2020: $118M
- 01/01/2023: $24.8B
The past year looked very similar to 2018 for #bitcoin. Will the next year look like 2019? Maybe. One thing we do know is that an asset down 70-80% can rally 100% or more from its bottom and still be down 40%+ from all-time highs. Just something to keep in mind.
@Trader_Jibon All of this is great, but you know the Fed's won't allow a true collapse. They will turn the "money printer" back on at the request of their over lord's. It's just a giant house of cards, all of it. Make your profits where/when/how you can and live your life. 🤷♂️