What do you see in the screenshot? A completely full mempool, full blocks, fees in the 6-7 sats/vbyte range (better than in a long time actually)...
A difficulty adjustment in a few days...
What's not to like?
The highlighted parts of the block (for those of you who do not know) are "data-carrying" transactions almost all op_return...
The op_returns themselves are small, easily under 83 bytes DESPITE Core V30 (which there is nothing wrong with IMO) so there is little point to the Core V30 controversy despite the meaningless drama...
Sure the exchange rate is down... but it's no different from what we've seen before.
In fact it looks almost identical to what we saw in early 2022.
There are still only 21 million Bitcoin, Bitcoin is still censorship resistant, new tools are being built on Lightning every day, in addition to all the AI-oriented software tools some of which are really interesting...
Plus the degens, gamblers, traders, NFT-bros all of them are getting rekt/are thoroughly rekt.
They burned their fees on arbitrary data which is less than worthless now...
And the Bitcoin is still as interesting as ever.
Meaning life is good.
So what's the big deal these days?
because it's not working as normal, idiot.
Do your sats have more or less command over economic goods these days?
I don't dictate what the market does. If more people really went out to spend Bitcoin on goods and services, the education around it would be such that we wouldn't have bear markets.
But people don't want that, they want bulls and bears.
In the meantime I am perfectly content buying the sats of others while Bitcoin is "down bad" and distressed. Bitcoin isn't designed to "go up" it is designed to process transactions based on proof-of-work transparency, blockspace demand and limited supply.
it's quite literally designed to go up nominally in fiat terms. If it doesn't do that, it's not performing its role as savings technology/moving value freely across time
That's not why I got into Bitcoin. I got into Bitcoin because it is an energy management/distribution network across the internet.
I had zero idea what the price was or had been when I first started buying it and I honestly don't really care now.
Every financial asset in history has had bull and bear markets... Amazon Nvidia Google all of them went down and people sold. I watched people trade, mistakenly, huge sums of Amazon and Nvidia in the mid-2000s which was a mistake and everyone should know it now but they don't.
We cannot determine what people do in markets, especially over short time periods all we can do is run a node and depend on our values and intelligence.
Fear not, for I will buy myself back into the satosphere once the FUD Is once again loud and clear! And profitable it will be for me, as for thee who buys with me! Be patient just a little more, for the sats will be plenty more!
People that bought at $100k feel stupid so they want to lock in their losses now while they wait for $900k to buy back in.
Now is the chance for '100k people' to buy at a lower exchange rate. They can even dollar-cost-average down...
They wanted a lower price, right?
I sold some at $100k and bought gold because there are so may blatant hypocrits wanking on about how BTC will inevitably reach $1million and be universally adopted yet these hypocrit cretins like @DarthCoin cannot even be bothered actually using the LN here on SNs and fail to attach a spending and receiving wallet.
We know who they are.
They dont have a gun and a horse.
If they only have a horse they are arsemilking takers but not givers.
They SAY all the right stuff but dont do what needs to be done.
We need to use LN if it is to survive and grow stronger.
Of course it's going to $1 million and beyond because the dollar is going to zero. Bitcoin doesn't run on Stacker News. It's a one trillion dollar asset in a world where for some reason your painted tungsten is a thirty trillion dollar asset.
Get a horse and gun hypocrit...and I will zap you 1000 sats.
Otherwise shut the fuck up.
BTW Bitcoin is still my primary liquid asset but my gold is stamped with the gold shops mark and redeemable at that shop for the current market price.
It’s a nice opportunity to load up before our trip to the moon
Moon or no moon... it's a good week to get some Bitcoin.
The real Moon is the bitcoin we made along the way.
Moon? I thought we were journeying to the center of the earth.
Sometimes that's where the Moon is
I blame shiny metals.
If you never "take delivery" of the shiny metals (because it's the shiny metal etf)...
What's the difference between buying that and the Bitcoin etf?
Bitcoin is actually scarcer than gold you might as well just buy that plus it's easier to verify on-chain anyway
The fact that Foundry USA and AntPool control 60% of the hash rate.
I agree with you, miner centralization sucks. However it's a problem if miners 1) attack the network 51% or 2) censor transactions.
I haven't seen any evidence of either.
And ultimately... what's the alternative?
In my opinion the centralization issue won't really be addressed until people go out and spend their Bitcoin, pay the miners lots, and make more MoE. Which won't happen until we have better education which is the most important thing.