amazing that the july 4 whale has more coins than germany, nearly as many as the US gov probably .

Yeah, I think we're still early

it'll go something like this:

("save the US Dollar act passes")

bitcoiners need to make common cause with those who would regulate and suppress crypto scams.

right now Bitcoin is being lumped in with shitcoin, and that's not good.

how to make it happen?

no, the "/" was like an "or, alternative but similar" not a division sorry.

so it's really 2 related but similar metrics.

both are measures of energy.

the hashrate is an absolute number, easy to measure but harder to relate as a concrete indicator.

the percent of global energy number is impossible to measure precisely but not that hard to estimate, and gives a meaningful summary of the role Bitcoin plays in humanity's economic choices.

ie if it 5xes to 1%, miners clearly would rather spend energy on Bitcoin than on other traditional commodities like aluminum or making plushy toys in a factory.

but if it drops to one millionth of the energy budget, that"s a sign that Bitcoin is seriously weakening.

option 7:

satoshi waiting to rickroll the entire world with a genesis block op_return when Bitcoin hits 1 million USD.

option 6: insurance policy / unspoken threat:

if there is a hostile fork, like blocksize wars but worse, satoshi will sell the bad side and buy the good side.

the mere possibility that these coins might still be in satoshi custody and he is alive and able to make a move, makes attacks significantly costlier and riskier.

hashrate / % of global energy budget. (currently about 0.2% if memory serves)

In a few years Bofa, Citibank and Wells Fargo are going to be offering this.

They will need to, to be competitive.

doomcat meow

Chattie is not a search engine.

But it sure as hell wants you to think of it as one.

Maybe it is simple to you. Maybe it is simple to me.

Interesting that it's not so simple for the models though, I would say.

Chatgpt AI says yes..... with caveats: "If you want digital bearer dollars you fully control—yes, stablecoins can serve that purpose.

But unlike bank deposits, you assume issuer risk. If Circle or Tether fail, insolvency or liquidity issues could jeopardize redemption."

chatcrumb: ... ffs just paste the poll topic in 🙄

OK chattie sure sure .... one small question though on that note. If bank deposits have no risk, why are there bank runs?

Google AI says no: "If you are looking for full self-custody of USD, you would need to consider other options like holding USD in a bank account " chatcrumb: https://www.google.com/search?ie=UTF-8&client=ms-android-samsung-rvo1&source=android-browser&q=are+stablecoins+like+USDT+%2F+USDC+a+way+to+self+custody+USD%3F

OK Google sure sure ... one small question though on that note ... is USD in a bank account really self custodial though?

If dollars in a bank account are self custodial, how can there be such a thing as a bank run or a bank default? 😇🤪

well said.

And there's no reason a future national shitcoin couldn't attempt a similar maneuver.

Looking at you, stablecoins!

I agree with this thesis.

Stablecoins and Bitcoin Treasury companies should be the big winners, for this run, if you want to beat Bitcoin -- always hard to do. (risk adjusted)

Sure some defi shitcoins will outperform, but risk and cognitive load adjusted, better to treat as scams and wall with fire.

Maybe the future of finance is pawn shops.

🤠😇🥸

Those pesky jews, with their annoying uninflatable money. Damn them!

Stablecoins: American mefo bills.