#Bitcoin price forecast update: The rejection of #BTC below $118,000 and the failure to hold key levels on the downside, shifts the momentum back to the bear count (path 1). The probability weighting for path 1 (bear scenario) is now 45% (up from 30%). Path 2 (bull scenario) now weights at 30% (down from 45%) probability of playing out. #Trading #Tradestr

I’m still hearing a lot about a supply chock incoming because of #Bitcoin scarcity coupled to the buy pressure created by ETFs and treasury companies but #BTC is not as scares as it used to be. A lot of the supply is now available for lending because custodied by participants who lend BTC to short sellers. I don’t know if it means the price is going to go up or down in the long run but it changes the price dynamic by giving more control to the big boys looking to move the price where they want it to be.

Hilarious trolling 😂

It looks like operation choke point just got rebranded.

Large governmental seizures are the biggest risk to proof-of-stake chains.

I mean if it’s an exit scam, this trick won’t last long so I think it’s very possible the funds have been seized. We should find out soon.

#meme #memes #memestr #trump #bitcoin #crypto #stablecoin

#Worldcoin certainly promotes a dystopian use case and isn’t privacy friendly (closed source hardware), but #ProofOfPersonhood can also be used for positive use cases such as fair and decentralized mining. Also, not all PoP blockchains collect personal data.

Trump isn’t even the stablecoin President, he’s the USD-backed stablecoin president. Basically, he’s the dollar president.

Can #crypto hobbyists still make money with #mining? Whether it’s mining with ASICs, GPUs or even CPUs, professional participants have captured the market and priced out hobbyists. When it comes to earning staking rewards, even running a mining node at home has become less accessible for most blockchains. As a result, most hobbyists just stick with stake delegation but delegators don’t provide much added-value to the network so there isn’t much value to extract through stake delegation. However, the risk of not delegating is for your savings to get eroded by the #blockchain’s token issuance. So stake delegation is more akin to a punishing rather than rewarding mechanism. So can profitable mining be made accessible to the plebs again? If we look at what’s is being done on #ProofOfPersonhood blockchains, I would say that it’s possible. Proof-of-Personhood (PoP) blockchains allow to prove that a node is run by a unique human and that this human isn’t running multiple nodes. Rather than consuming energy or staking capital, PoP blockchains are fighting sybils by proving that a given participant is a unique individual. It’s easy to see how this feature cannot be easily captured by commercial entities to outcompete the plebs. Although in some cases, it is possible for businesses to hire and use humans as a proxy to run multiple nodes, the value added by the commercial entities would be negative. PoP blockchains use various systems to prove the uniqueness of a human such as biometrics, ID checks, #WebOfTrust, or proof-of-human-work. Although biometrics and ID check systems are often critized for their dystopian nature blockchains like the #Idena network uses proof-of-human-work which has the advantage to not require any personal data. All you need is to complete some tasks that can only be solved by humans. PoP blockchains are an interesting area of growth for a plebs-friendly distribution of the block subsidy. Plus, the PoP capabilities aren’t restricted to fair mining as they can be extended to fair launch, fair faucet distribution, fair voting and more. When enhanced with proof-of-stake, PoP blockchains can also prevent the concentration of the token issuance among whales by assigning a higher staking yield to smaller stakers. So why haven’t PoP blockchains gained more traction yet? One reason is that the space is often associated with dystopian narrative due to the use of biometrics or IDs. However, as said earlier, not all PoP blockchains rely on those mechanisms and even those that do, can obfuscate personal data through the use of ZK proofs. That said, even if PoP blockchains are still under the radar (the Idena network has a market cap below $500k), the concept is being mentioned more and more especially in the context of being used as a tool to combat #AI generated frauds or bot spam, a use case that could certainly be applicable to #nostr. https://a16zcrypto.com/posts/article/personhood-credentials-artificial-intelligence-privacy-preserving-ways-to-distinguish-who-is-real-online/

If the on-chain data isn’t convincingly showing new #bitcoin purchases then they probably aren’t.

I agree, I think a JFK cover-up style is most likely what’s going on right now.

With the #quantum threat on the horizon, the ability to reach consensus on new upgrades and proactively execute on them is going to be a key factor to successfully migrate a blockchain to a post-quantum world. It’s not the time for #Bitcoin to talk about ossification. Innovation has to be back on the table.

The more time the price of #Bitcoin stays below this curved wedge, the more likely the chances that #BTC has already topped become. #Trading #Tradestr

#Bitcoin #Knots now has 18% market share and still increasing it. At which point does Bitcoin #Core sees this progression as an existential threat and changes its position? Also it seems as Core manage to keep its current market by seeing net new nodes added to Core. That seems a bit like an anomaly. Are they spinning up Sybil nodes in an attempt to cap Knots market share? #NodesWar

The government using UFO sightings as a psyop is the psyop.

The ABC team then lost the last hashrate war and decided to continue their work on what is now called #eCash due to disagreements about how to move forward with the funding of the devs and ecosystem. #BitcoinCash doesn’t have a “core” team of devs anymore. #XEC