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Fly

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  1. Another reason that I'm becoming more and more of a BTC maxi. Yes, ETH will always be here and I do think it has some great capabilities/use cases, but 90% of current platform traffic is pure shit.
  2. Hacker returned a portion of it. He/she made some mistakes and their identity is known. They will likely see some jail time.
  3. It will be interesting to watch for another Bitfinex premium to develop like we have seen in past years whenever there was Tether trouble: https://news.bitcoin.com/crypto-community-monitors-bitfinex-wallets-and-the-strange-6-btc-premium/ Or is it being arbitraged away now by Alameda and other big players. Binance is another one to watch. Their BTCUSD and USDT pairings are starting to wander from the rest of the pack. With all of the regulators around the world shutting down their operations we could see a gray swan of sorts.
  4. Add Panama to the list:
  5. I thought this was an interesting take and would be curious if anyone thinks this is really feasible, or just hopium:
  6. "Strong people are harder to kill than weak people and more useful in general." Mark Rippetoe
  7. Coinbase, Kraken, Gemini are the big 3 in the US. Also look into BlockFi as a way to buy stable coins and produce some yield in one spot. Currently 8.6% APR: https://blockfi.com/rates/
  8. In other news, looks like Bitcoin mining power is physically leaving China. Short term bearish long term bullish. Look for some forced selling this week and capitulation.
  9. 1- Crypto is still such a young asset class and Bitcoin is the flagship product. Bitcoin has name recognition as well as a relatively simple narrative (digital gold) that few other coins have challenged. Without Bitcoin the rest of the list would wither and die. 2- Dogecoin shows the power of social media and the collective stupidity of social media. Elon Musk knows his audience and pumps the Doge themes to gain internet clout. His tweets on Bitcoin had similar effects on price.
  10. The Weekend Dump has been a thing for a long time. I'd love to see some data to backtest the "Sell on Thursday and go away" theory.
  11. Don't you think we are beyond the point of "killing" crypto? It is going mainstream and held by wealthy as well as retailers. How would the government successfully kill it? Shut down the internet? Heavy regulation and targeted higher taxes maybe? But would the wealthy find a way to offshore their assets to more friendly jurisdictions?
  12. Doge is a reflection of retail joining the frenzy. I'd say we're in the 6th inning of the game. Same with stuff like Shib and the other animal/food meme coins. There is certainly money to be made on these, but they are fickle and a pure hype trade with little unique underlying technical aspects. Some have fun tokenomics like burning coin supply for each transaction and things of that sort, but they do not have large networks of miners/nodes/developers to challenge the security and "hardness" of BTC.
  13. It is not that different technically speaking, but it has a wide audience of twitter/YouTube/social media followers who talk about it. It is also very "cheap" in terms of price per coin, which I suppose has a psychological attraction vs buying a tiny fraction of a Bitcoin. "I bought 1,000 Dogecoins!" sounds better than "I bought .00464 Bitcoin!"
  14. BTC vs ETH https://danheld.substack.com/ Pretty critical view of ETH, but he brings up solid points.
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