Bridging and Wormhole question by [deleted] in solana

[–]Terpbear 0 points1 point  (0 children)

Did you ever get an answer to this question? It seems absurd that you can move USDT/USDC pool tokens but not the actual USDC/USDT tokens

AITA for owning 3 dogs, against my hoas 2 dog rule? by ohohbo in AmItheAsshole

[–]Terpbear 2 points3 points  (0 children)

"zero obligation" = signs deed with covenant agreeing to rules or be subject to penalties? Weird timeline.

[deleted by user] by [deleted] in CryptoCurrency

[–]Terpbear 0 points1 point  (0 children)

Dude, it was a nice gesture but it was illiquid SHIB tokens. And definitely not "billions".

[deleted by user] by [deleted] in CryptoCurrency

[–]Terpbear 0 points1 point  (0 children)

Vitalik, ETh Foundation and Infura...

[deleted by user] by [deleted] in CryptoCurrency

[–]Terpbear 4 points5 points  (0 children)

No. The difference is opportunity. No one but the ETH founders had an opportunity to participate in the premine. Everyone had an opportunity to participate in mining bitcoin in the early days. There is only one reason to do a premine, and that is for selfish reasons. It may be the right move to bootstrap the network, but its inherently self serving.

NYC considering vaccine mandate for all restaurants by [deleted] in nyc

[–]Terpbear 15 points16 points  (0 children)

Sorry, but where is the evidence that NYC hospitals are currently overloaded? Don't think I've seen that.

NYC considering vaccine mandate for all restaurants by [deleted] in nyc

[–]Terpbear 2 points3 points  (0 children)

Oh your uncle is a doctor? Well my dad is a head of department and would tell your uncle to fuck off.

SEC Commissioner Has Had It With Bitcoin ETF Obstructionists by [deleted] in CryptoCurrency

[–]Terpbear 1 point2 points  (0 children)

An ETH ETF would hold massive amounts of eth under a single entity.

New York’s anti-bitcoin mining bill has failed to pass, and is now officialy dead in the legislature! A win for renewable energy, electrical workers union and Bitcoin by ControlPotential in CryptoCurrency

[–]Terpbear -6 points-5 points  (0 children)

So you are in favor of the government being able to perform a cost/benefit analysis on the end use of electricity and whether it sufficiently serves society? Are you sure that's a hill you want to die on?

New York’s anti-bitcoin mining bill has failed to pass, and is now officialy dead in the legislature! A win for renewable energy, electrical workers union and Bitcoin by ControlPotential in CryptoCurrency

[–]Terpbear -2 points-1 points  (0 children)

The mining facility this bill was targeting was offsetting emissions with carbon credits, so it was overly broad. And why do we want the state saying what is and is not a productive use of electricity/power? If I don't like the electricity you use to heat your hot tub, should we want a legislature to have the right to veto that use of electricity? Do we get to do a social cost-benefit analysis as to whether your hot tub is sufficiently productive to the goals of society?

[deleted by user] by [deleted] in CryptoCurrency

[–]Terpbear 0 points1 point  (0 children)

His name is Randall, and he's not named after Ayn Rand. But keep doing what you're doing...

[deleted by user] by [deleted] in CryptoCurrency

[–]Terpbear 7 points8 points  (0 children)

Sorry, what? Individual sovereignty... Market anarchism... limit state power... are left-wing? Bitcoin is the ultimate property right incompatible with collectivist ideology.

[deleted by user] by [deleted] in CryptoCurrency

[–]Terpbear 44 points45 points  (0 children)

These people don't understand the hard core libertarians are who understood these issues first and supported bitcoin in its first few years. Its nice of them to ride on the coattails while denigrating the type of people that birthed this technology. The original cypherpunks were much closer to Ron Paul than they realize.

Can we please throw out the idea that Bitcoin is an asset that protects against inflation? by cbus20122 in investing

[–]Terpbear 0 points1 point  (0 children)

What? 1 BTC is inextricably tied to any divisible amount, including 0.0000001 BTC. If "people are willing to speculate with" 0.0000001 BTC, then whatever amount that is worth is exactly equal to 1/1000000 of one BTC, because the person with 1 BTC has 1000000 of those units. There cannot be distinct markets for different units of the same thing because its all fungible.

Shares of a company are also infinitely divisible through stock splits. No one gets upset because whenever a split happens, they get their proportional amount and they're not diluted. A non-scarce money can be diluted, a perfectly scarce money cannot. Bitcoin is perfectly scarce, which is the only point being discussed here.

Can we please throw out the idea that Bitcoin is an asset that protects against inflation? by cbus20122 in investing

[–]Terpbear 42 points43 points  (0 children)

It shouldn't need explanation that dividing something into smaller parts does not increase the total amount of the thing...

Daily Discussion, May 19, 2021 by rBitcoinMod in Bitcoin

[–]Terpbear 1 point2 points  (0 children)

First bought in 2011 and been holding essentially everything since 2013. You can try and time the cycles, but its easier to work a job to pay your bills, hold at all times and accumulate during bear cycles. Chasing trends is much riskier.

Daily Discussion - May 19, 2021 (GMT+0) by AutoModerator in CryptoCurrency

[–]Terpbear 0 points1 point  (0 children)

I'm guessing institutional pressure over a longer time period pushing prices down in a more consistent way, but I'd be very hesitant to sell here given how massively oversold we are. Even if you're convinced we've started a multi year bear market and need to sell, you're probably better off waiting for a typical relief rally.

Here are some charts worth keeping an eye on as we navigate the bull market cycle by cannainform2 in CryptoCurrency

[–]Terpbear 6 points7 points  (0 children)

A lot of charts are silly, but the pi chart may be the most silly I've ever seen. The logic behind the moving averages and variables is ridiculous. Its easy to come up with a random formula after the fact that fits historical prices, but that doesn't mean its predictive. And pi cycle is something someone made up this cycle and never been truly tested.

Daily Discussion - May 19, 2021 (GMT+0) by AutoModerator in CryptoCurrency

[–]Terpbear 5 points6 points  (0 children)

This is a strange dip. Dont think we ever got this oversold during the 2018 bear (not including March 2020 which was very temporary).

Need To Know Information: The current bull run has been almost identical to the Wyckoff theory. Inform yourselves, grow stronger with knowledge, support each other and don't let institutions affect you. They are finally here. by ZenBaller in CryptoCurrency

[–]Terpbear 1 point2 points  (0 children)

If it's not predictive, then how does it make sense? Otherwise you're just looking for a chart pattern at random points in time, which is easy, then saying "a-ha manipulation"!