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11-26-2021 , 07:49 PM
BTC predictions on NYE?

Wonder if the SEC does their big reveal before, or after.
11-26-2021 , 07:54 PM
~9:00-16:00 mark Cred and Don taking a dump on PlanB lol


https://www.youtube.com/watch?v=cUVeR8cdWJU
11-26-2021 , 08:28 PM
Quote:
Originally Posted by Megastar11 Bitcoins - digital currency
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.
11-26-2021 , 08:33 PM
Quote:
Originally Posted by bahbahmickey Bitcoins - digital currency
“ 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.
11-26-2021 , 10:34 PM
11-27-2021 , 12:42 PM
Quote:
Originally Posted by hansmolman Bitcoins - digital currency
What about bitcoin only?
11-27-2021 , 04:01 PM
Quote:
Originally Posted by cannabusto Bitcoins - digital currency
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.
11-28-2021 , 04:36 PM
Quote:
Originally Posted by hansmolman Bitcoins - digital currency
https://www.tylervigen.com/spurious-correlations
11-29-2021 , 11:44 AM
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.
11-29-2021 , 02:28 PM
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.
11-29-2021 , 03:39 PM
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?
11-29-2021 , 06:07 PM
Quote:
Originally Posted by johnnyBuz Bitcoins - digital currency
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.
11-29-2021 , 07:05 PM
Quote:
Originally Posted by johnnyBuz Bitcoins - digital currency
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.
11-30-2021 , 01:17 AM
Quote:
Originally Posted by Didace Bitcoins - digital currency
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.
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 Bitcoins - digital currency
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.
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.)
11-30-2021 , 11:01 AM
Quote:
Originally Posted by MeleaB Bitcoins - digital currency
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?
11-30-2021 , 02:24 PM
Quote:
Originally Posted by MeleaB Bitcoins - digital currency
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.
11-30-2021 , 02:42 PM
Is bahbah what the kids call cringe?
11-30-2021 , 03:21 PM
Quote:
Originally Posted by Didace Bitcoins - digital currency
Isn't that the first thing I said?
No, what you said is not the same.
12-01-2021 , 07:29 PM
Quote:
Originally Posted by MeleaB Bitcoins - digital currency
No, what you said is not the same.
Yes, yes it is.
12-01-2021 , 09:06 PM
Quote:
Originally Posted by Didace Bitcoins - digital currency
Yes, yes it is.

"Oh no it isn't."

I love panto.
12-02-2021 , 03:30 AM
Jack dorsey leaving twitter to work full time on bitcoin, renaming square to "block" and focusing the company 100% bitcoin.

What a ponzi.
12-02-2021 , 03:43 PM
Quote:
Originally Posted by kekeeke Bitcoins - digital currency
Jack dorsey leaving twitter to work full time on bitcoin, renaming square to "block" and focusing the company 100% bitcoin.

What a ponzi.

12-03-2021 , 04:11 AM
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.
12-03-2021 , 12:48 PM
Follow up

12-03-2021 , 03:00 PM
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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