Bitcoin

[MountainTracker]

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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[fmyth]

Fed Chair Powell on cryptocurrency: Banks perfectly able to handle crypto.

 

[xpert66]

Have .10 worth. I may try to get 1/2 a coin to diversify.

 

[cardiac5]

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.




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[fmyth]

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
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Buy the dip and hold. We are going higher. Much higher. I think 250k is possible by year end.

 

[MountainTracker]

Bitcoin Price (BTC) Gains After Trump Executive Order for Sovereign Wealth Fund

Such a fund could be a vehicle through which the government might accumulate bitcoin.

www.coindesk.com

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[fmyth]

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.

 

[Poser]

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.

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.

 

[Poser]

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[fmyth]

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.

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.

 

[MountainTracker]

It is interesting to me why ETH, it keeps dropping in all matrix not hating just curious.


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[Poser]

And this. Hard not to suspect grifter #3 isn’t on a pump and dump scheme.

 

[fmyth]

Billionaire Says Bitcoin, Tariffs and Donald Trump Will Make You Rich | Howard Lutnick​

Short Version:

https://twitter.com/x/status/1886550036252602514

Long Version:

 

[MountainTracker]

Billionaire Says Bitcoin, Tariffs and Donald Trump Will Make You Rich | Howard Lutnick​

Short Version:

https://twitter.com/x/status/1886550036252602514

Long Version:

This interview was before Lutnick was made secretary of commerce. To give people an idea of where this is going.

And well this….




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[MountainTracker]

Billionaire Says Bitcoin, Tariffs and Donald Trump Will Make You Rich | Howard Lutnick​

Short Version:

https://twitter.com/x/status/1886550036252602514

Long Version:

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[MountainTracker]

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[Poser]

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.

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.