Hi,
If a state creates a bitcoin reserve. On paper
the first year swapping some positions in the
accounting balance will not have some effect
on the income statement. Over time it will show
also that devaluation of an asset incures cost.
Crooks have now a new player in town, that
helps in the gradual rug pull of BTC, in that
they can simply sell their BTC to the state.
This is a master piece of Con Artistry.
Also a strategic reserve will be just another
whale, making its move propably only accelerating
the downward spiral, if they also start selling.
This will be big big fun to watch!
Bye
P.S.: Also countries that have many nodes, or
more precisely "liquidity" in BTC, can now
also try to dictate a low price, just for the
fun of harming the bitcoin reserve. But I am
not 100% sure whats going on there. If countries
or unions are introducing some new stable cryptos,
the countries or unions might opt this as a
diversification strategy.
Mild Shock schrieb:
Hi,
Some BTC net restructuring seen. This is
constantly happening. Data center providers
can afford to have a turn over of their
infrastructure. Applies also to data centers
that have a share of BTC nodes. The same
web site shows me:
Pv4: -2.6% / IPv6: -7.1% / .onion: +2.4%
https://bitnodes.io/
Don't know what the scale is, over one year?
Also don't know what the implications are for
the life time of BTC.
My speculation it will go to 30'000.- USD or
3'000.- USD. On the trading side via captial
rotation. On the infrastructure side,
by simply abandoning BTC nodes. Many hard
core Bitcoiners ignore that this continuious
restructuring is part of the BTC infrastructure,
and if it follows economic principles, it might
quite well get rid of BTC nodes all together,
like an automatic garbage collection.
Bye
Mild Shock schrieb:
Hi,
China doesn't have some BTC. At least
offcially they only have like 145 BTC nodes.
Not counting the dark net, country unassigned
nodes, which has most of the BTC nodes.
The most official nodes are still split
between USA and Germany:
1 n/a 13937 (65.80%)
2 United States 2073 (9.79%)
3 Germany 1205 (5.69%)
https://bitnodes.io/
So how will USA use the strategic BTC reserve
to trade with China. Oops, my bad, they don't
want to trade with Chian, tariffs.
Ok, got it...
Bye
BTW: Bitcoin currently 86'000.- USD. My speculation
it will go to 30'000.- USD or 3'000.- USD, which
makes it not a good reserve.
Mild Shock schrieb:
Hi,
Interesting erosion of Bitcoin prices, and
all other cryptos including Ethereum and Altcoins.
On 21.02.2025 it went to 99'000 USD,
and 10 hours later it was at 95'000 USD.
https://coinmarketcap.com/currencies/bitcoin/
A Bybit Hack stole some Cold Wallet funds! Maybe
they should change their name to Bye Bye Bit,
and relocate from Dubai to Pyongyang!?
LoL
Bye
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)