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PaperclipPerfector  7mo ago (text post)   3625 thread views

Small-Scale Question Sunday for April 7, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

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Thank you. The thought of investing into planet-destroying fossil fuels put me off my feed a little, so I didn't reply at the time. I think you're right that a lot of killer apps based on AI will be coming.

It's interesting what's happening with BTC right now. A lot of ETFs have been started for it, and the halving happened, but the price is going down. Might reach 52k because there's no real support before that point, according to a technical analysis (lol) video I skimmed.

Yeah, I reckon people overhyped the halving. It's supposed to be a long term effect, it takes months for the bull run to really start in past cycles.

Nothing could happen for six months after the halving and that would be standard. Of course there have been structural changes, ETFs are now involved.

I had a possibly very naive thought about this. Now that the last halving of reward has happened, and nearly all the btc have been mined... is it possible that people will just sorta lose some interest in the whole thing? Move on to a newer crypto as standard? Or do you think btc will remain the gold standard of crypto and just become more and more valuable per btc as more people want to get into crypto (is this even a given, or could products from central banks or Visa/MC become most popular instead?)?

I don't hold any BTC, I only have alts. I was always vaguely worried about the 21 million cap for that reason, plus it's so high market cap that gains would diminished...

On the other hand, if things get bad, the miners will change the rules by consensus. Violating 21 million would make a lot of people very angry but there's no reason all parties can't be satisfied. We had this before in the block size wars. Miners decided they wanted to keep small block sizes with higher fees, thus bitcoin cash and BSV faded away into irrelevance. Bitcoin will persist in some form, in some fork.

If CBDCs take over, we enter the darkest timeline. What good is freedom of speech without the freedom to buy a website, pay for organizations?

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