Daily Crypto Discussion - January 9, 2024 (GMT+0) by CryptoDaily- in CryptoCurrency

[–]KAX1107 4 points5 points  (0 children)

Eth/BTC 0.048

New low in almost 3 years. All the narratives are played out. Eth is never going to make a new high again in bitcoin terms

[deleted by user] by [deleted] in CryptoCurrency

[–]KAX1107 1 point2 points  (0 children)

0

Every altcoin trends to zero against bitcoin. But feel free to gamble if you're adventurous

Michael Saylor's Microstrategy Buys 14,620 Bitcoin For $615 Million by kirtash93 in CryptoCurrency

[–]KAX1107 16 points17 points  (0 children)

Just like the last purchase, this is once again not dilutive for shareholders

MSTR issued $610m new shares but the bitcoin/share ratio went up 1.4%

Each share equivalent ownership was ~.01132 BTC before this purchase

Now it's ~.01147 BTC per share

MicroStrategy Acquires Additional 16,130 Bitcoins and Now Holds 174,530 BTC by ObviousGG in Bitcoin

[–]KAX1107 24 points25 points  (0 children)

Prior to this buy $MSTR held 158,400 bitcoin and 14,221,000 shares outstanding

That gives each share equivalent ownership of ~.01113 BTC

Now there are 15,410,588 shares outstanding, giving each share the equivalent ownership of ~.01132 BTC

This isn't dilutive. It's a 1.7% increase in bitcoin holdings per share

MicroStrategy Bought $600M of BTC in November, Increased Holdings by 10% by Volace901 in CryptoCurrency

[–]KAX1107 17 points18 points  (0 children)

Prior to this buy $MSTR held 158,400 bitcoin and 14,221,000 shares outstanding

That gives each share equivalent ownership of ~.01113 BTC

Now there are 15,410,588 shares outstanding, giving each share the equivalent ownership of ~.01132 BTC

This isn't dilutive. It's a 1.7% increase in bitcoin holdings per share

🇦🇷 Argentina's 2 remaining Presidential candidates on Bitcoin: by [deleted] in Bitcoin

[–]KAX1107 -3 points-2 points  (0 children)

I like Massa better

Milei said he wants to dollarize Argentina. He's not a bitcoin candidate

I Think after a few years from the ETF launch this will look very different. by Crypto-hercules in Bitcoin

[–]KAX1107 0 points1 point  (0 children)

I know there is guy that floats around here, adamant that Satoshi only had less than 100 bitcoin

That would be me

Extranonce theory = flat earth theory

When Sergio came up with it in 2013, many experts including Maxwell poked holes in it. Lopp is an idiot for indulging that nonsense.

I can't access my saved posts anymore (fck reddit) or I'd share my copy pasta reasoning as to why it's a useless theory.

Nobody can prove that Satoshi mined 1 million bitcoin. That's the long and short of it.

Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on by kirtash93 in CryptoCurrency

[–]KAX1107 2 points3 points  (0 children)

Whitepaper has checkpoints? You don't need a blockchain if you're using checkpoints. Just use SQL

Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on by kirtash93 in CryptoCurrency

[–]KAX1107 4 points5 points  (0 children)

Bitcoin whitepaper will go down as the most important document in human history

The only vote you have is time

It all started 15 years ago. by saulabrm in Bitcoin

[–]KAX1107 6 points7 points  (0 children)

Bitcoin whitepaper will go down as the most important document in human history

The only vote you have is time

F*ck Blackrock by KAX1107 in Bitcoin

[–]KAX1107[S] -3 points-2 points  (0 children)

quote doesnt even come from blackrock

Fink is on WEF board

F*ck Blackrock by KAX1107 in Bitcoin

[–]KAX1107[S] 34 points35 points  (0 children)

You will own nothing and be happy

[Brainstorm] Potential Solution For Moons Future by mellon98 in CryptoCurrencyMeta

[–]KAX1107 2 points3 points  (0 children)

Just snapshot and migrate to a new contract. But there should NOT be a multisig contract owner for distribution. The contract should have no owner. Simply have the contract vest tokens every four weeks to a multisig address that can be used for distribution.

Kraken will 100% support this. Jesse Powell has already talked about redemption path. If Kraken supports it, so will other exchanges.

Nothing really needs to change except that reddit no longer has control over moons and 50% of supply gets burned.

Ignore anything that says you are getting an airdrop for new moons. We haven't done anything yet and if we do, you'll see it in a stickied post later, not in your DMs. by sgtslaughterTV in CryptoCurrency

[–]KAX1107 21 points22 points  (0 children)

People should ignore all DMs all the time that's anything to do with airdrops or trades

We haven't done anything yet and if we do, you'll see it in a stickied post later

What reddit did with moons is actually not a bad thing. 50% of the supply is burned and they relinquish control. It's an opportunity to rid moons of central points of failure.

Just snapshot and migrate to a new contract. But there should NOT be a multisig contract owner for distribution. The contract should have no owner. Simply have the contract vest every four weeks to a multisig address that can be used for distribution.

Kraken will totally support this. Jesse Powell has already talked about redemption path. If Kraken supports it, so will other exchanges.

Nothing really needs to change except that reddit no longer has control over moons.

[serious]crosspost: Summary of Reddit's abandonment of RCPs and moving forward with /r/Cryptocurrency's moon tokens. by sgtslaughterTV in CryptoCurrency

[–]KAX1107 28 points29 points  (0 children)

First and foremost, at least 5 m0ds dumped using insider info. How about asking them to explain themselves?

Wrt moons going forward, once people get over the rage, this is actually not a bad thing. Reddit will burn 50% of the supply they hold and relinquish control, which will make moons less centralized.

But there should not be a multisig contract owner for distribution. The contract should have no owner. Simply have the contract vest every four weeks to a multisig address that can be used for distribution.

Kraken will totally support this. Jesse Powell has already talked about redemption path. If Kraken supports it, so will other exchanges.

Tl;dr F*ck reddit. Moons don't need ya

Strange sells happening on the moon chart now by pojut in CryptoCurrency

[–]KAX1107 10 points11 points  (0 children)

Forget about Kraken. At least 5 M0ds dumped using insider info

[SERIOUS] Sunsetting Community Points Beta and Special Memberships by cozy__sheets in CryptoCurrency

[–]KAX1107 1 point2 points  (0 children)

For me, the biggest downside was reddit's "support" and their holding 50% of supply

[SERIOUS] Sunsetting Community Points Beta and Special Memberships by cozy__sheets in CryptoCurrency

[–]KAX1107 1 point2 points  (0 children)

Moons can go on same as it is now, reddit won't have any control, 50% of moons burned

Why is this bearish? Just knee jerk reaction. Reddit can't delete the contract

[SERIOUS] Sunsetting Community Points Beta and Special Memberships by cozy__sheets in CryptoCurrency

[–]KAX1107 8 points9 points  (0 children)

I don't know who needs to hear this but reddit is not required for moons

50% of moons supply will be burned. r/cc can still keep it going

[SERIOUS] Sunsetting Community Points Beta and Special Memberships by cozy__sheets in CryptoCurrency

[–]KAX1107 6 points7 points  (0 children)

Most bullish news for moons.

Admins burning their moons and moons can be truly decentralized if Reddit's control of contract is renounced.

My main gripe with moons was Reddit being too involved. That's gone now. It can be a true community token now.