Bitcoin

Jake Larsen said:
I’m no computer nerd. Don’t understand the programming side of BTC beyond the very basics. I’m very familiar with the concept of BTC as a value storage solution/replacement for fiat. I like the idea a lot, and own some.

Genuine question - if bitcoin security is “upgraded” or innovated, wouldn’t that kinda destroy the whole concept of bitcoin? Isn’t the security of bitcoin the bitcoin itself? Can the security aspects of BTC be changed with without fundamentally changing the nature of BTC?

I agree that fiat is just “numbers on a computer”. I’ve got zero faith in our financial system not inflating to the moon over time, just like every other fiat system has. But the above question (possibly?) makes it different. Security systems can innovate to protect fiat banking systems. But If the nature of BTC can be exploited by quantum computers, theres a big difference. The fundamental nature of fiat isn’t zeros and ones. The fundamental nature of bitcoin is…


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I’m also no programmer, I heard this when all the quantum computing stuff was being takes about. The world money supply is $89.2 trillion currently. The market cap of BTC is $2.02 trillion. It would take less energy and time for a quantum computer to steal all the worlds money then it would to take btc, due to the amount of computing power used to secure it.


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I don’t know what will happen this week but I made an X account just to follow this guy and it’s helped me a lot, especially the 50% rule. He posts when the exchanges like binance send crypto to wintermute to flush the market and then when they send stablecoins to buy the dip. IMG_6530.png
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cardiac5 said:
I don’t know what will happen this week but I made an X account just to follow this guy and it’s helped me a lot, especially the 50% rule. He posts when the exchanges like binance send crypto to wintermute to flush the market and then when they send stablecoins to buy the dip. View attachment 832806
View attachment 832805
View attachment 832807


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Buy the dip and hold. We are going higher. Much higher. I think 250k is possible by year end.
 
The man on the right of Donald Trump is Howard Lutnick, the US Secretary of Commerce.

Gi4aUzNWUAAmhk4.jpg

Howard is also CEO of Cantor Fitzgerald. Howard owns hundreds of millions of dollars of Bitcoin. Cantor Fitzgerald owns a 5% stake in Tether, and manages Tether’s treasury assets. Cantor is launching a $2 Billion Bitcoin financing lending business, that would use Bitcoin as collateral for USD loans. “We will build the best platform for financing Bitcoin”. “We are Cantor Fitzgerald, and we will support Bitcoin”.

This is the guy that is running the US Soverign wealth fund.
 
fmyth said:
The man on the right of Donald Trump is Howard Lutnick, the US Secretary of Commerce.

Howard is also CEO of Cantor Fitzgerald. Howard owns hundreds of millions of dollars of Bitcoin. Cantor Fitzgerald owns a 5% stake in Tether, and manages Tether’s treasury assets. Cantor is launching a $2 Billion Bitcoin financing lending business, that would use Bitcoin as collateral for USD loans. “We will build the best platform for financing Bitcoin”. “We are Cantor Fitzgerald, and we will support Bitcoin”.

This is the guy that is running the US Soverign wealth fund.
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What's interesting/intriguing/suspicious is that Trump individually owns no Bitcoin. Trump's crypto investment firm World Liberty Fund holds no Bitcoin. In both cases, the majority Crypto holding is Ethereum and its a LOT of Ethereum.

It is difficult to analyze that crypto portfolio without trying to predict what the potential grift is here.... and it is difficult to imagine any scenario here that is not a grift on some grand scale.
 
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Poser said:
What's interesting/intriguing/suspicious is that Trump individually owns no Bitcoin. Trump's crypto investment firm World Liberty Fund holds no Bitcoin. In both cases, the majority Crypto holding is Ethereum and its a LOT of Ethereum.

It is difficult to analyze that crypto portfolio without trying to predict what the potential grift is here.... and it is difficult to imagine any scenario here that is not a grift on some grand scale.
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WLF holds $47,000,000 in WBTC which is wrapped BTC. Technically the same as holding BTC. Bitcoin (BTC) and Wrapped Bitcoin (WBTC) have the same exact value. The key difference is that BTC is built natively on the Bitcoin blockchain, while WBTC is built on Ethereum. Wrapped Bitcoin allows users to interact with decentralized applications on Ethereum. WBTC is backed by Bitcoin at a 1:1 ratio through a network of automatically monitored merchants and custodians. This aims to ensure that its price is pegged to Bitcoin and allows users to transfer liquidity between the BTC and ETH networks in a decentralized and autonomous manner.
 
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fmyth said:
WLF holds $47,000,000 in WBTC which is wrapped BTC. Technically the same as holding BTC. Bitcoin (BTC) and Wrapped Bitcoin (WBTC) have the same exact value. The key difference is that BTC is built natively on the Bitcoin blockchain, while WBTC is built on Ethereum. Wrapped Bitcoin allows users to interact with decentralized applications on Ethereum. WBTC is backed by Bitcoin at a 1:1 ratio through a network of automatically monitored merchants and custodians. This aims to ensure that its price is pegged to Bitcoin and allows users to transfer liquidity between the BTC and ETH networks in a decentralized and autonomous manner.
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Ok, see that. But still, we're talking 66 million worth of WBTC vs. 286 million worth of ETH. Both of which is being moved over to Coinbase as we speak.

That's a significantly higher ratio of ETH -over 4x as much ETH as WBTC.
 
Poser said:
Ok, see that. But still, we're talking 66 million worth of WBTC vs. 286 million worth of ETH. Both of which is being moved over to Coinbase as we speak.

That's a significantly higher ratio of ETH -over 4x as much ETH as WBTC.
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World Liberty Financial is not a crypto fund or a crypto treasury. World Liberty Fund is a Defi business startup so of course its largest holding would be ETH, the native coin of Ethereum, the baselayer blockchain network they have chosen to power their decentralized finance applications. They have also purchased a large amount of other Defi cryptos including WNTC, AAVE, LINK, TRX, and ENA which are all financial services utility coins.

"Introduction to World Liberty Financial​


According to the project, World Liberty Financial’s mission is to “Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance.” The project’s goal is to ensure the dominance of U.S.-pegged stablecoins, where these will remain the world’s settlement layer for the coming century, just like how the U.S. dollar has been the cornerstone of global finance.


World Liberty Financial has not launched yet, but current developments suggest that the project will first launch as an Aave V3 instance. This means that World Liberty Financial will first launch as a marketplace for borrowing and lending cryptocurrencies utilizing Aave’s infrastructure, sharing protocol revenue with the Aave Decentralized Autonomous Organization (DAO). "
 
fmyth said:
World Liberty Financial is not a crypto fund or a crypto treasury. World Liberty Fund is a Defi business startup so of course its largest holding would be ETH, the native coin of Ethereum, the baselayer blockchain network they have chosen to power their decentralized finance applications. They have also purchased a large amount of other Defi cryptos including WNTC, AAVE, LINK, TRX, and ENA which are all financial services utility coins.

"Introduction to World Liberty Financial​


According to the project, World Liberty Financial’s mission is to “Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance.” The project’s goal is to ensure the dominance of U.S.-pegged stablecoins, where these will remain the world’s settlement layer for the coming century, just like how the U.S. dollar has been the cornerstone of global finance.


World Liberty Financial has not launched yet, but current developments suggest that the project will first launch as an Aave V3 instance. This means that World Liberty Financial will first launch as a marketplace for borrowing and lending cryptocurrencies utilizing Aave’s infrastructure, sharing protocol revenue with the Aave Decentralized Autonomous Organization (DAO). "
Click to expand...
Ok. But then consider that Trump's personal crypto holdings reflect a similar portionality of being ETH heavy.
 
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