How Much $XBT Should You Buy?

The probability of XBT succeeding is positively correlated to the probability of BTC imploding.

How Much $XBT Should You Buy?

I just don't know where to put my USD after I sell my BTC. "Only invest in what you understand." I've owned rental properties in the past but 🤮

This is infuriating. We buy bitcoin. We are encouraged and convinced over years of supposed education. And then WHAM! We gotta hope we have the right VERSION of bitcoin and oopps, we got the wrong one because we didn't follow 813 steps. Who do we thank for this?

I can't tell if you are mad at me or someone else?

You're too nice a guy but I guess I was venting a bit at you. I supported the soft fork. I understand the whole problem with non financial data wrecking the network, but I really hate the complexity of the hard fork. I can learn it. I don't want to. Why should it be like this?

It has to be like this if we don't want the state to capture Bitcoin-- forking is one way that Bitcoin can evolve and resist capture. It's definitely a mess, though, so I'm sympathetic. Separating money and state was never going to be a walk in the park

If BTC mining were fully decentralized using Datum, and BIP-110 would still have failed, would you still be DCAing out?

No, if SHA-256 Bitcoin mining were decentralized or had a fighting chance of becoming decentralized, I wouldn't be DCA-ing out. Unfortunately it looks like Ocean has now been captured by Tether, so our last hope is gone

Large pools have been promising SV2 and still haven't delivered. It would be nice to see the mining pie chart decentralized.

If you listen to Mechanic's latest video, he has some interesting things to say about SV2 at this time stamp:

Just got to the part about Sv2 mining. You might wanna go do some research if you haven't rather than believe everything he says.

"Low single digits" ??

Depends on how much money you are willing to gamble. And yes, I bought a tiny bit.

Zero is the correct answer.

So what you're saying is there is a 1% chance now we can separate money from state? Programmable CBDCs are the future?

We have something like 75% of the Bitcoin space very friendly to Tether, so that's not helping either. US won't need a CBDC now that it has USDT. There's also a chance that BTC ends up becoming surveilled centralized gov-controlled money. It's basically already there, if you consider the mining centralization problem

I don't disagree. Lately I'm wondering if any attempt to separate money from state is futile. Bitcoin snuck in there. Now governments know this technology exists. I think their next move is to effectively criminalize non state money. I see that happening in less than 10yrs.

@mattkratter It is criminalized already as a means of exchange. We couldn't even get a pathetic 100 dollar diminimus. On the other hand so was the revolutionary war and the foundation of USA

@mattkratter You can use it you just have to report everything. Their plan is to just tax anything out of existence that threatens fiat. At this point the only thing that would make Bitcoin used widely as money is a currency collapse. But that is not too far fetched.

100%