Crypto Currency Thread (Vol.2)

[mwstewart]

FYI Binance are offering a 2% APR staking reward for QNT/Quant.

[pquinn]

BUSD having some troubles, Binance busy trying to distance themselves from it.

[Some Gump]

pquinn said:

BUSD having some troubles, Binance busy trying to distance themselves from it.

Aye, nothing like distancing yourself from the product with your name on it to show how reliable you are.
Strangely, twitter seems to be full of CZ fans praising him for it.

[dimots]

Jason Lowery thesis published this week. I'll be interested to see this.

https://twitter.com/JasonPLowery/status/1624768897...

[AW111]

dimots said:

Jason Lowery thesis published this week. I'll be interested to see this.

https://twitter.com/JasonPLowery/status/1624768897...

Given that he appears to be calling for the US govt to "stockpile" bitcoin, the bitcoin boosters will love this.
Given btc's volatility, that would be a potentially costly exercise for the govt.

I'll wait and see if he has anything of merit to say, but I'm not holding my breath.

[Some Gump]

Why would the US government want or need to guarantee the security of bitcoin?
It’s not their currency, it’s generally used as a tool to avoid taxes / break the law..

Anyway, I thought your big vision was no governments, no third parties, totally self regulating? Why is a Russian mining farm scary when having so many Chinese farms isn’t? After all, they’re in china, the communist party could just take them…

[dimots]

He's a weird one. Everyone thought he was some kind of government plant when he first showed up. A Space Force/MIT sponsored bitcoin evangelist? It's odd.

He talks sense some of the time though, and I am definitely interested to see where his thesis went.

[dimots]

Some Gump said:

Why would the US government want or need to guarantee the security of bitcoin?
It’s not their currency, it’s generally used as a tool to avoid taxes / break the law..

Anyway, I thought your big vision was no governments, no third parties, totally self regulating? Why is a Russian mining farm scary when having so many Chinese farms isn’t? After all, they’re in china, the communist party could just take them…

In short, game theory.

[Golfgtimk28v]

How do you know the US government didn't make BTC and already stockpiled it?

[RichTT]

Some Gump said:

Why would the US government want or need to guarantee the security of bitcoin?
It’s not their currency, it’s generally used as a tool to avoid taxes / break the law..

Anyway, I thought your big vision was no governments, no third parties, totally self regulating? Why is a Russian mining farm scary when having so many Chinese farms isn’t? After all, they’re in china, the communist party could just take them…

For the same reason that central banks are stockpiling gold at a huge rate.

And the tax avoidance / law breaking meme is so 2013

[Some Gump]

RichTT said:

For the same reason that central banks are stockpiling gold at a huge rate.

Stability in uncertain times?

[RichTT]

Some Gump said:

Stability in uncertain times?

Apologies i misread your post. Didnt realise it was regarding the spooks thesis.

Re; Lowreys thesis. Still not sure what to make of it. There's definitely an argument for most, if not all, central banks to hold a portion of reserves in Bitcoin the same as the argument is for holding a portion of reserves in Gold.

[dimots]

RichTT said:

Apologies i misread your post. Didnt realise it was regarding the spooks thesis.

Re; Lowreys thesis. Still not sure what to make of it. There's definitely an argument for most, if not all, central banks to hold a portion of reserves in Bitcoin the same as the argument is for holding a portion of reserves in Gold.

Pretty sure his thesis focuses on bitcoin as a tool for national security, so it goes quite bit beyond the typical 'allocate a portion of X' investment pragmatism.

[RichTT]

Yes, digital power projection through a hash power war to secure your access to your sovereign bitcoin.

I've not read the full thing but followed him (and been blocked by and unblocked by him) on twitter for a long time.

[pquinn]

Looks like the better strategy is to encourage the other side into investing a load of cash and effort into it while doing very little yourself, then neutralise the lot by making it unusable for anything.

It'd be fairly trivial to render the entirety of any investment in Bitcoin worthless.

[RichTT]

pquinn said:

Looks like the better strategy is to encourage the other side into investing a load of cash and effort into it while doing very little yourself, then neutralise the lot by making it unusable for anything.

It'd be fairly trivial to render the entirety of any investment in Bitcoin worthless.

How do you make it unusable?

[dimots]

pquinn said:

It'd be fairly trivial to render the entirety of any investment in Bitcoin worthless.

Lol. Try it.

[g4ry13]

Any reason behind today's move? I'd been thinking about getting some Solana for a while but probably not the best day to do so.

[Ari]

g4ry13 said:

Any reason behind today's move? I'd been thinking about getting some Solana for a while but probably not the best day to do so.

I'm not sure that 'crypto' and 'reason' belong in the same sentence...

[RichTT]

Anyway, price action aside. Been enjoying the following Apps

Fountain - earning Sats for listening to podcasts and clips
Nostr - (Damus app on IoS or Amethyst on Android) which is a DiD decentralised social media built on Lightning with integrated tipping. Fully decentralised and anonymous. Anyone can run a Nostr node alongside a Lightning or Bitcoin node
Tweetoshi - Lightning native Twitter app,unfortunately a bit buggy on OxygenOS but hoping it will be better soon
BTCmap is coming on leaps and bounds in the amount of businesses registered.

And for fun, Club Bitcoin which is a Solitaire game that you earn Sats for playing (and accepting that their is adverts).