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11-26-2021 , 07:49 PM

#47426

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 39,961

BTC predictions on NYE?

Wonder if the SEC does their big reveal before, or after.

Quote

11-26-2021 , 07:54 PM

#47427

ItDoesntMatter

centurion

Join Date: Jan 2021 Posts: 151

~9:00-16:00 mark Cred and Don taking a dump on PlanB lol

https://www.youtube.com/watch?v=cUVeR8cdWJU

Quote

11-26-2021 , 08:28 PM

#47428

cannabusto

Pooh-Bah

Join Date: Jan 2013 Posts: 4,876

Quote:

Originally Posted by Megastar11

Are they turning to the dollar because cryptocurrencies are partially banned in Turkey? It's against the law to accept them as payments.

Not sure, maybe. Either way, bans will always be part of the picture.

Quote

11-26-2021 , 08:33 PM

#47429

cannabusto

Pooh-Bah

Join Date: Jan 2013 Posts: 4,876

Quote:

Originally Posted by bahbahmickey

“ people are overwhelmingly turning to dollars over Bitcoin” do you have a source for this?

I don’t, I’m just seeing a lot of dollar hoarding stories which I don’t always see when these things occur. So it’s possible this isn’t the case, just doesn’t seem likely imo.

Quote

11-26-2021 , 10:34 PM

#47430

hansmolman

old hand

Join Date: Sep 2010 Posts: 1,841

Quote

11-27-2021 , 12:42 PM

#47431

kekeeke

old hand

Join Date: Apr 2011 Posts: 1,306

Quote:

Originally Posted by hansmolman

What about bitcoin only?

Quote

11-27-2021 , 04:01 PM

#47432

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,247

Quote:

Originally Posted by cannabusto

I don’t, I’m just seeing a lot of dollar hoarding stories which I don’t always see when these things occur. So it’s possible this isn’t the case, just doesn’t seem likely imo.

It makes complete sense to me why people used to an asset with wild movements would naturally gravitate to USD over BTC. You have to remember a lot of these people don’t have a lot to invest and are smart enough to realize if the downside risk of BTC comes through they can’t feed their family where if it comes true for USD everyone still eats.

Quote

11-28-2021 , 04:36 PM

#47433

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,333

Quote:

Originally Posted by hansmolman

https://www.tylervigen.com/spurious-correlations

Quote

11-29-2021 , 11:44 AM

#47434

cannabusto

Pooh-Bah

Join Date: Jan 2013 Posts: 4,876

I’d love to know how they operationalized “user.”

From a Bayesian perspective, it makes some sense to me to use a prior where internet=crypto proxy. I believe this lessens the odds the correlation is spurious.

Quote

11-29-2021 , 02:28 PM

#47435

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,247

Google says there are 4.7B internet users which seems to disagree with that graph. Also there are 34% more people during BTCs growth than the internets growth so % of the world's population would have been a better graph.

Also there is an absolute 0% chance that BTC (or any other crypto) could have 1/100th of the impact the internet has had on the world so I don't totally understand the comparison.

Quote

11-29-2021 , 03:39 PM

#47436

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,563

bahbah can't interpret a chart correctly. what a shocker.

internet user timeline is on the top. crypto is on the bottom.

@chytry - what is possibly spurious about tracking network growth over time?

Quote

11-29-2021 , 06:07 PM

#47437

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,852

Quote:

Originally Posted by johnnyBuz

what is possibly spurious about tracking network growth over time?

Well, if the point is something like "hey look, things have grown rapidly in the past and not been a ponzi", then good. But if the point is that internet usage and crypto growth are driven by the same things... I'm dubious.

Quote

11-29-2021 , 07:05 PM

#47438

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,247

Quote:

Originally Posted by johnnyBuz

bahbah can't interpret a chart correctly. what a shocker.

internet user timeline is on the top. crypto is on the bottom.

@chytry - what is possibly spurious about tracking network growth over time?

I actually missed that the graph cut the internet timeline off in 2000 which seems a bit odd to me. Whoever made that graph had two logical points at which to stop the internet timeline: 1998 which is the same 8 year timeline crypto has had to get from 1m to >100m or just give us the big picture and stop whenever the graph is produced (which I assume is 2021) that leads the reader into believe this is a realistic scenario of where crypto adoption in 22 years.

By the way, I wasn't wearing my glasses, those years are printed very small and reading gray on a white background is hard.

Quote

11-30-2021 , 01:17 AM

#47439

MeleaB

See my Commercial Software thread

Join Date: May 2012 Posts: 5,395

Quote:

Originally Posted by Didace

Neither of those points are being made. The point of the graph is simply to suggest how much room for expansion there is within crypto.

Quote:

Originally Posted by bahbahmickey

There is nothing wrong with the graph at all. (Except perhaps the colours used in the case of people who like to read graphs without their glasses.)

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11-30-2021 , 11:01 AM

#47440

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,852

Quote:

Originally Posted by MeleaB

Neither of those points are being made. The point of the graph is simply to suggest how much room for expansion there is within crypto.

Isn't that the first thing I said?

Quote

11-30-2021 , 02:24 PM

#47441

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,247

Quote:

Originally Posted by MeleaB

There is nothing wrong with the graph at all. (Except perhaps the colours used in the case of people who like to read graphs without their glasses.)

I wouldn't say the stop points on the graph are "wrong", but I think it is fair to say they were poorly chosen. Why show 2 extra years of how the internet grew? It would be better to show 10 or 20 more years to show how crypto may grow or 0 more years and don't try to show a possible path in the future for crypto.

Quote

11-30-2021 , 02:42 PM

#47442

lonely_but_rich

ɔarpal \ʇunnel

Join Date: Mar 2009 Posts: 24,108

Is bahbah what the kids call cringe?

Quote

11-30-2021 , 03:21 PM

#47443

MeleaB

See my Commercial Software thread

Join Date: May 2012 Posts: 5,395

Quote:

Originally Posted by Didace

Isn't that the first thing I said?

No, what you said is not the same.

Quote

12-01-2021 , 07:29 PM

#47444

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,852

Quote:

Originally Posted by MeleaB

No, what you said is not the same.

Yes, yes it is.

Quote

12-01-2021 , 09:06 PM

#47445

MeleaB

See my Commercial Software thread

Join Date: May 2012 Posts: 5,395

Quote:

Originally Posted by Didace

Yes, yes it is.

"Oh no it isn't."

I love panto.

Quote

12-02-2021 , 03:30 AM

#47446

kekeeke

old hand

Join Date: Apr 2011 Posts: 1,306

Jack dorsey leaving twitter to work full time on bitcoin, renaming square to "block" and focusing the company 100% bitcoin.

What a ponzi.

Quote

12-02-2021 , 03:43 PM

#47447

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,563

Quote:

Originally Posted by kekeeke

Jack dorsey leaving twitter to work full time on bitcoin, renaming square to "block" and focusing the company 100% bitcoin.

What a ponzi.

Quote

12-03-2021 , 04:11 AM

#47448

martenJ

veteran

Join Date: Jul 2006 Posts: 2,283

For our friends in Cefi:

The badger finance website was hacked and asked users to give fraudulent permission to spend (LP-)token. Users lost 2.1k BTC

The biggest wallet effected was celsius, they lost 900 BTC. There is a chance that part of the funds will be recovered, but I would be very nervous about holding funds on celsius right now.

https://curve.substack.com/p/dec-2-2...ered-to-death-

Last edited by martenJ; 12-03-2021 at 04:18 AM.

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12-03-2021 , 12:48 PM

#47449

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,563

Follow up

Quote

12-03-2021 , 03:00 PM

#47450

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,247

At this point who cares? There have been hundreds of BTC hacks where people lost millions of dollars. The real important story we learned over the past couple weeks is that the Turkish currency is down 30%!

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