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A correction, Segwit can help that 400,000 transaction a day count increase. Maybe to as much as 800,000 (I dont know, I havent run the numbers) but its a one time benefit and when it is widely adopted it will stop increasing the transaction count

So I followed your suggestion and did some trades on PancakeSwap. Its nice and fast but the whole thing seems flawed for this simple reason. Ethereum developers spent 3 years researching on how to create a super decentralized proof of stake system which they are now starting to deploy. The same...

You underestimate my commitment to a lack of bias, while I have ETH locked in ETH2, I have even more Bitcoin locked in a timelocked address with end dates from mid 2023 to early 2026. Also, my Bitcoin position overall is much bigger than ETH. What I'm doing is trying to argue the other side, to...

That's what I was saying, small folks will have to trust a custodian. So they buy BTC at coinbase, then move to Paypal for free, then move via LN at somewhere else. At all of these steps they are taking risks someone that is fully on-chain are not. The blocksize will work as the security safe...

Interestingly enough, Binance is so popular right now I cant even access my exchange wallet there. It wont load, I also got many errors trying to do transactions, like network is overloaded type errors. Its all fun and games until everyone is using your network

Point is, the market is seeing these high yields for BTC/ETH on Venus and they are not jumping in it. But they are fine with low yields at Aave and Compound. If everyone thought this was a great idea, why aren't they lending BTC/ETH like crazy to Venus?

Its not about spending Bitcoin for coffee. SWIFT does 33M transactions a day, no one is using that for coffee. Its about being able to move value to tap liquidity (rebalancing, taking profits), security (sending to a custodian or to a hardware wallet), among other reasons. Over the last 10 years...

One thing about Venus is that Compound yiels are 0.41% for WBTC and 0.18% for ETH stakers. Venus yields 6.91% and 5.99%. So the market is saying that is a lot more risk in the latter. To me, risking my coins that will triple or quadruple to catch a few percent is nuts. As far as cakeswap goes...

The fact that the miner tax is soaring and its unbounded by anything tells me that Bitcoin, as it currently structured is very unequal by its very nature. One day, it might cost $1,000 to do an on-chain Bitcoin transaction making it uneconomical for most of the planet (but not for those that got...

Since fees are an unbounded number with no limit, its quite possible that as institutions adopt it and dominate transactions in the network, the little guy will be left out of this "btc country" and lots of small amounts of bitcoins will be essentially trapped Solutions like more Segwit...

Yeah, I forgot the ETF too. From what I have seen of Gary Gensler I think this will just make it more likely he will approve a US ETF this year

Here is a potential concerning trend for Bitcoin in terms of adoption: If you take the annual average median transaction value (in USD) and divide by the average daily fee (in USD), what I call the Miner tax, its rising and it will probably go much higher during this bull market This can...

Some folks are taking partial profits on Bitcoin right now, I'm not and here is why: To recap: -Paypal US has rolled out BTC buying on its platform and they are in the process of allowing other countries to join. They have 300M users -By 2025, 20-30% of the world will have CBDCs and learn how...

How do you know you are not just fomo'ing into the trade and BNB is likely to underperform ETH going forward? I mean, its BNB is super popular right now, its parabolic. It might rise in fiat but could tank in ETH terms. If I got in BNB cheap (I didnt and dont own any) I would think right now is...

To me, this sounds a lot like swing trading equities, which I used to do but I'm no longer interested due lifestyle reasons. If that suits you, great. But I rather play longer-term themes that dont require constant looking at markets or scans for opportunity

https://www.economist.com/finance-and-economics/2021/02/20/bitcoin-crosses-50000 "The Bank for International Settlements, a club of central banks, last month said it expects one-fifth of the world’s population will have access to a central-bank digital currency (cbdc) by 2024." "The latest big...

This is effective immediatly, which is insane and could lead to some short squeezes

Just got this email " As part of Vision Clearing's continuous risk management reviews and assessments, Vision has determined to amend their short sales policy. Effective immediately: 1. All accounts holding overnight short positions must have liquidating value of at least 10 times the notional...

If he is right, then the whole system is a house of cards

But how to manage these positions? Buy and hodl no matter what? Sell during a parabolic? Maybe the parabolic is happening right now and its time to sell DeFi. Not saying they are going down (in fiat) but at some point, they will reach a level where they are very unlikely to outperform ETH. Where...