HARD

Still_Lobster_8428

It does make sense, you just not thinking ahead far enough.  Governments WILL enact laws around being an EXCHANGE, pretty sure there has already been cases of this for people who operate P2P as a business. Governments have come after them as they are in breech of laws that already exist. They are also required to keep records for KYC and AML.  All Governments will do to crack down on P2P is make it that no matter the value of the transaction, you are required to document everything for KYC/AML.  Failure to do so will result in your bank accounts being restricted, fines and whatever other BS they can come up with.  The reality of that will mean that the only people you are doing P2P with are people that are cash rich, tgat cash ISNT in the banking system and they need to transfer value from 1 country to another....  P2P works right up until Governments decide to come after it.... then it's just the hard-core users left using it that are willing to take the risk to say fuck you to the government!  The fiat on/off ramps have always and will always be the Achilles heel of crypto! The status quo system of banking will always be part of that Achilles heel!  Fiat for all its shortcomings, IS the last vestige of personal sovereignty! You are able to work and be paid in cash and no one would EVER know! You can buy with cash.... and no one would EVER know! It is the LAST of our personal sovereignty!  Along comes crypto and everyone is begging to move to a fully DIGITAL system (something Governments globally have tried to do, so fiat can be done away with, and people pushed back HARD every time it was raised!) But today, people WANT digital, because everything things digital is going to = BTC or their favourite coin.... but the reality is, Governments are going to introduce CBDC's and mark my words, they will make laws to ENSURE every single trade/transaction touches their CBDC so as to record EVERYTHING! You want to sell BTC and buy ETH.... BTC > CBDC > ETH.... and all of it logged and tracked to your digital ID!  Fiat will be phased out and we will all be 100% tracked and controlled on CBDC's!  The further we get along this path, the more I'm convinced that Satoshi Nakamoto = CIA,  and BTC is the greatest Trojan horse ever created!  Still bullish on BTC though.... shits going to moon on the way to creating dystopia!  Just be aware what's being taken from us in the exchange! 

B1ggusDckus

China is weak. 1 child policy is biting their asses HARD.

Haunting-Student-756

Is this English, Engrish or just… Rish? WORDS ARE HARD!

1stGod

You’re on r/bitcoin. People will die on their sword here. Nearly no regular people use bitcoin, they may own it in hopes of making some money later, but it’s not being utilized in day to day life. Governments are going to come down HARD on crypto. Too much criminal activity going on with it.

boathouse_floats

1) Before my shill, I'll doxx myself for this post so you know I'm not camped out in a mud hut outside Mumbai. (not that there's anything wrong with that, providing the mud-hut dwellers intentions are good...) I've been in the space since 2016, I've made millions and roundtripped millions, multiple times. What's more important is that I've made a lot of very powerful friends and connections from DeFi whales to VCs to memecoin market movers. I was always a utility/DeFi guy until I had the harsh realisation that precisely zero people actually give a fuck about utility. Memes, in my opinion, are going to absolutely crush this cycle. Don't have time to write my theses on this but retail is not going to dive into LSTs or Eigenlayer re-re-staked Eth or utility plays. They're just not. Even the people who have been through two cycles don't care. Last cycle retail came for NFTs because they're accessible, and this cycle it will be memes because they're already showing that they can outperform the rest of the market AND they're hyper-accessible. Luckily, I have quite possibly the greatest meme alpha source in the world as a friend. 2) So, about this friend. Let's call him "John". He's a day-1 Shib OG who autistically held and was part of the entire Shib journey. Turned $1500 into $60m+ at ATH and realised a lot of it. I unfortunately hadn't met him at that point, but was fortunate enough to meet him through another friend afterwards. We have a small closed group with about 8 of us in it, all with various connections and strengths. John is one of those friends where if he pastes a CA in the chat you can just APE. If he says jump, we ask how high. He never ever misses or gives a losing play. He's given us multiple 100xs and several 20-50x+s. GFY at $50k -> straight to $27m, KOYO at $50k -> straight to $26m, etc etc. Now this time, he warned us MONTHS in advance to prepare for a launch because he had big big BIG alpha. He called it "retirement alpha" and said things like "this is your retirement, I'm not fucking around" etc. Kendu Inu is my horse. My grand-national roided up winner this cycle. And I'm always going to have skin in the game. Here's what's innovative and public: - Stealth launch, no KOLs with supply, no backroom deals or OTC (despite numerous offers) - Shytoshi Kusama (project lead for Shib) followed from 300 followers - Dev and Shytoshi are close friends - Dev is a genuine giga-chad multi-millionaire who has ran several projects to 100m+, last was 400m+ (can't disclose which) - Kendu Inu is the devs last project, his Magnum Opus. He's never used voice before, now he has twice-daily community calls. - Shytoshi will have a role in the project, they are waiting for the timing to be right in the markets and to reach certain levels of traction organically before the reveal - I have it on good authority that when it is revealed and when he does come in, he will be HARD shilling Kendu. Love him or hate him, he's a top-50 most influential person in crypto, a few steps below the magic money skeleton Vitalik himself. He ran Shib up to tens of billions. - There has been hints at a certain future project to project partnership (Can you guess what it might be given who is involved?) - Actual project details/roadmap are not public yet, for now, it's all building the community strength and winning ethos. - 3 top 10 exchanges are lined up for when the time is right via warm intros - Gate, Kucoin, OKX

FigurativeLasso

Because I’m GAY AND HARD

boathouse_floats

Bruh! This bull will melt faces, and WAGMI. I'd add to your well setup bag with a meme....KENDU. Main reason being, Shib Dev, Shystoshi, who you know about, follows KENDU on Twitter and is friends with the KENDU dev. I promise, no larp. Verify yourself. But it will send.....HARD!

MoneroWTF

If they are tying crypto to cannabis, expect HARD concessions. This is two huge lobbies that must work together to get what they want. Expect Congress critters to pit two passionate camps against each other so the only bad guy is you.

factsandgrow

bro is advertising the newsletter HARD ☠️

GoldenrodScript

Maybe not in our lifetimes but it most likely will. Why, because I believe we naturally, always graviate to the better technology, especially one that stores and grows our wealth. People used to ride in horses, cars made lives better. People thought credit cards were a joke, why give me a piece of plastic instead of cash? Now folks barley use cash anymore. The adults at the time laughed at the idea of online banking 20 plus years ago. Said going into a branch was easier. Now branches are closing down on a daily basis and online banking is ubiquitous. As bitcoin continues to scale in layers, more and more people will naturally want to be paid in it, more will accept it and more will spend it because they see the value of storing their hard earned labor in a currency that can’t be debased and will be worth more tomorrow than it is today. The power of a money with a fixed supply is HARD to ignore. I believe the US dollar will die a slow slow sloooow death as more and more people realize, as with everything I’ve mentioned above, that there is a better option.

JLKJim

I really, really wish it would crash, and HARD THIS TIME, I'm going to gobble it all up instead of panicking and selling more! WHEN Y'ALL see the first signs of a crash, please sell! (and remind me of what I just said). 🤑

DontBleepWithThis

Go read the Wikipedia breakdown on Bitcoin....if you can understand most of it that should be sufficient for a basic overview. No need to read book-length PhD-level technical babble to know enough to make a continuing investment decision. Go read all the books people suggest if you want to deep dive. Ignore most YouTubers, their OPINIONS don't mean anything....only HARD DATA counts in crypto in the end!

Intercellar

Sure it would be catastrophic price wise. Every crypto would tank HARD but some pow cryptos wouldn't care.

Extra-Dentist-3878

You're the one trolling, saying "you don't understand, I'm building a HARD wallet" then proceed to talk about it being on a phone connected to internet lmao

Nichoros_Strategy

I'm gonna smoke my last bit of weed and then be done with that addiction. Stuff makes you soft, but tomorrow represents becoming HARD!

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

Quick-Balance-9257

Am I just looking at the wrong charts? Looking at https://charts.bitbo.io/halving-progress/, I don't see any sing of it usually dumping "HARD" before the halving.

IllustriousBaby8

They are all in cahoots! My broker wallet whom I trusted, backstabbed me. If you are scammed the wallet that sent the currency can reverse it. They are now saying that block chain can reverse it was a scam. This was Bitcoin, not blockchain. Now they say the scammer is speading the currentcy across 1000 other coins so now it is untraceable. That bullshit the original long-ass number is supposed to be a serial number. If someone stole your bike to recover it and you brought your paperwork to the police and looked under the bottom of the bike there was a serial number. You reclaim your property. F...k bitcoin F..k blocker F....k scam brokers. Steal something in Saudi Arabia, they have chopping malls just like we have shopping malls. DO NOT TRUST A MOFO WITH YOUR HARD EARNED MONEY.

alander4

Just because the halving is coming doesn’t mean an instant pump. It usually dumps HARD before the halving.

robyer

Sure, it CAN be. But for example Ethereum has quantum security at least on roadmap, while I don't think Bitcoin even has any roadmap or plans regarding this. Additionally it would require HARD fork, unless you want to keep the old addresses vulnerable and ready forever for attacker to get the coins. And you definitely need community to agree with the proposed implementation, you can't force it on them - it's likely that something similar to the "block-size wars" and multiple forks (BCH, BSV...) will happen again with different ways to implement and handle the quantum security.

UpwardlyAngelic

I got stock on marketing investment crypto scheme and I lost all my asset worth over 189k all thanks to @reclaimtechie on telegram THAT GOT MY HARD EARNED MONEY BACK TO ME I RECOMMEND YOU TO SEND HIM DM TO ALSO ON WHATSAPP (+1 (424)444-6207

UpwardlyAngelic

I got stock on marketing investment crypto scheme and I lost all my asset worth over 189k all thanks to @reclaimtechie on telegram THAT GOT MY HARD EARNED MONEY BACK TO ME I RECOMMEND YOU TO SEND HIM DM TO ALSO ON WHATSAPP (+1 (424)444-6207

IndependentAd9209

Its difficult to think that far ahead in crypto when it comes to chains outside btc and eth. This depends on your objective. If its to maximize gains, then its easiest to ride the most popular narrative chains. If you’re about using the chain for various reasons (defi, gaming, etc) then sure, speculate but don’t be surprised if the chain doesn’t reward you financially over time. So far this cycle chains with utility are financially underperforming memes like WIF, which is wild to me 😂. 2027 is a ways away, especially in crypto years (kind of like dog years). Who knows whats going to be the trend by then. P.S. I learned this lesson the hard HARD way 😂. Best of luck to you in your crypto endeavors

bigl7007

You betta Pray HARD on that Brotha. God forbid, this one will be a HARD PILL TO SWALLOW, IF it goes bad. BUT, i think the odds are stacked in your favor.

Top_Toe8606

Don't bother with SOL. Fully inflated by meme coins and will crash HARD.

ilovesaintpaul

But kitchen sinks are really cheap now! It's the one household good that hasn't seen inflationary bumps like other things! Just kiddin' around. Bitcoin works and it works HARD. Make it work for you.

michaelinimoto

It just dipped HARD to 68k, huge red candle

PianoSandwiches

Yeah, the data aggregator HARD disagrees with you and I even phrased the questions in favor of your premise. What both I and Skynet are saying is that concepts evolve & expand. The meaning of words expands. At a fundamental level (prior to cipher & password) you are protecting access via cryptographic techniques.

MrRGnome

>Self custody is HARD (read: IMPOSSIBLE) for a lot of people unfortunately I strongly disagree. It's no more difficult than driving a car or cooking or doing any other procedural task. Not everyone can or should do it, but in those cases Bitcoin is built so you can delegate and gradient trust among genuinely trusted peers instead of blind companies.

analogOnly

Self custody is HARD (read: IMPOSSIBLE) for a lot of people unfortunately. ETFs at least provide price exposure.

Prnce_Chrmin

This easter weekend Bome(darkfarms11) is going to announce a partnership with lalaland. if you look at lalaland price right now this will blow up HARD (They are both on Solana)

Prnce_Chrmin

Do like their artwork but the price is already kinda high. This easter weekend Bome(darkfarms11) is going to announce a partnershop with lalaland. if you look at lalaland price right now this will blow up HARD

Agile_Ad7864

Or maybe just because IT IS complicated. The Ethernet founder Dr. Bob Metcalfe (ever heard of the Metcalfes law?) said it himself that the solution OT provides is too complicated for everyone to easily understand. Dr. Metcalfe is an advisor for Origintrail btw.. he also said at the OT x Google meetup that Origintrail is leading the way with the DKG and is building the baselayer for a trustworthy ai.. But in "laymans terms". Ot's decentralized knowledge graph has the foundation to be the decentralized brain of all artificial intelligence. Its the only open source blockchain agnostic solution that offers information verifiability, security and provenance in a decentralized and super organized ai-friendly manner. It's not JUST a database, its a knowledge graph so the data is more structured and valuable through connectivity which makes the data in the DKG far more valuable than it would be in a regular unstructured database. Be curious, read, learn and discover. It's not for everyone because it takes TIME and is HARD. I can only spoonfeed you so much and I have provided enough information here, do what you want with it. Take care 👍

omghag18

Now that's awesome! I STILL REMEMBER HOW HARD IT WAS TO REACH $500K IN LIQUIDITY ON SUSHI SWAP.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

SlowVeggieChopper

Absolutely same boat! (down to the timeline, parenthood, and total value in fiat...) Watched the 2021 ATHs and made all the plans about paying off all the things and then watched it go away without having sold. We're in a good financial position otherwise so we don't need anything... but figuring out when/how is HARD. We never intended to hold everything into the future, but will definitely hold some for our kid's "lottery ticket."

ztrz55

You didn't even respond to what I said. This must be a bot. LMFAO! Your "math" is all kinds of fucked up. >countered by 80000 in lower monthly outlay to rent? I don't know too many people paying 80K in rent over a year. LMFAO! Richie rich here living in those multimillion dollar houses. When they go down, they go down HARD! Some never recover. At least bitcoin is consistent.

HumidMind

Grayscale converting the old GBTC to a low fee. iBTC and FBTC handed them their ass HARD. They moved a SHITTON of BTC last night. Watch Bloomberg...

dasmonty

If it drops like this I panic.. I PANIC HARD because I fear it goes back up before my paycheck arrives...

DockingSkydiver

Man I'm betting this dip is gonna bounce back up HARD and if your still waiting for a certain number to 'buy back in' then you wasting your time

BaronChristopher

I'm married. We never fight over money. We use 1 CC for everything. Wife adds it up. Shared expenses are split 50/50. Any luxuries/toys we pay 100%. 100% separate accounts. My point? Keep everything separate. Let him go crazy. Keep $ separate. Let him work his way back if it fails. My opinion? It will pay off HUGE. You are basically going all in on BTC through him. 1 million BTC is 75% likely. One thing people are not talking enough about? Muslims are almost 2 BILLION. Lately BTC has been cleared as moral by many of their leaders. The oil rich nations are about to go HARD into BTC preparing for oil ending. I feel like that will be bigger for BTC going to 1 million than anything else. I bought a house 10 years ago. BTC was $1000 CAD then, now? $90,000 CAD!!! That is 90x in 10 years. Let that sink in. Good luck!

neen209

We just living our lives on difficulty settings: HARD

Cultural-Task-1098

At 16K people were bailing left and right. That's how it got to 16k. People were not buying they were selling. Anyone "PUSHING HARD" to buy at 16k would've been laughed at as a KOOK.

becletto

HARD NOPE to thinking the ATO cant identify that OP bought/sold the crypto. They can. They do. They love it when they catch people who think they can't identify them. Get a good, knowledgeable tax accountant. Get them to seek advice from the ATP, but it's so common for people to trade for/on behalf of someone. I'm sure you're friend will be motivated to sign a stat Dec (BEFORE PONY UP ANY CASHOLA) to act as evidence of your arrangement. Then, what he chooses to report for tax purposes is not your drama 🙏

UnderstandingBig4598

I bought into a condo partnership in Nov 2019 with .3 btc to orange pill my friend. It was worth about 9k at the time I think and my market equity value on the condo partnership today is around $120k. Love him. He went HARD. Currently siting on 5 that I know about

WesternLibrary5894

Aren’t you supposed to sell it to buy other things? Or is it just a race to buy more bitcoins. Because bitcoins really don’t do much. I would think you would want people buying and selling them at a high of a rate as possible right? Like the dollar would suck SO HARD if no one was spending it

jboy69x

As hodl says... go HARD: https://twitter.com/titcoinpodcast/status/1765490721702781423

Mysterious_Citron_69

For the future me who will probably sell BTC at 150k: STAY HARD MOTHERFUCKER

GroundAcrobatic2623

Holding when you're down is easy. Buying more when you're down 90% is easy, selling when you're up 200% is HARD

Dexxert

VET is always late, but when it takes off, it goes HARD! It did so in 2017, and in 2021. I would hold on to it.

seniorbatista19

CRO is usually slow out the gate but when it pumps, it fucking pumps HARD. Be patient, or don't, totally up to you. People have been unstaking already and the yield is climbing, just a matte of time before it blows up imo.

thesunandthestars10

this pump is definitely fucked up and when we go down, we will go down HARD.

Mediocre_Horror_194

FOMO is hitting HARD this year. Like a fucking obsidian sledgehammer to the face

PopFirm5291

It is going to be HARD for them to accept all regrets not to study bitcoin and buy bitcoin. Instead of posting that thread, they should take time study bitcoin and buy bitcoin!! IT is 2024 now , not 2009 saying that crap.

AppleSalty2916

I AM ROCK HARD!!!! Fortune has favoured the holders, congratulations all.

Striker37

Lots of people are saying this. I should set some sell orders at like $65k. 70k gonna be a HARD resistance level

PopFirm5291

Fiat is weak as hell. That is why Bitcoin is HARD Money.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

neighbors_in_paris

Every dollar you use to pay off the debt has a GUARANTEED 9% return. Stop the DCA. Start paying off the debt HARD. Work overtime. No vacations. No eating out. You can keep your Bitcoin, but every other penny should be used to get rid of this debt.

FortyandLife2Go

Come back HARD AF in about 18 months. THAT'S when you'll REALLY want to be ALL IN on BTC.

zjovicic

***"they will pass on for future generations."*** And, by your logic, it seems it will be constantly passed to future generations without anyone spending it significantly? ***"exponencial growth? maybe not, but even so growth. Bitcoin cant be debased and everyone can save for the future."*** If everyone saves money (and bitcoin is money) and few people produce and accumulate goods, eventually you have a pile of money that can't buy anything, because there aren't any goods produced and accumulated. ***"why? if anyone can save for the future with their bitcoin, why would they sell it for physical goods that degrade, can be taxed on, be confiscated or destroyed by natural disasters?? This point makes no sense to me."*** Maybe because you can't drive a bitcoin, you can't live in a bitcoin, you can't eat a bitcoin, you can't fly in a bitcoin etc... **why? when your money appreciate over time you're not gonna spend it on unnecessary things like a second/third house or land or new cars. Thats lost money that won't appreciate.** Bitcoin won't appreciate either if everyone is just accumulating it. If you have a fixed money supply, like 21,000,000 bitcoins, the only way for a bitcoin to appreciate in value is if the amount of actual physical wealth in the world increases. If bitcoin reaches its full potential and becomes the only form of money, then, 21,000,000 bitcoins should be able to buy the entire wealth of the world. So one bitcoin's value would be 1/21,000,000 of the physical wealth of the world. If there is no accumulation of physical wealth of the world, the value of bitcoin can't keep rising. **"FIAT is currency and needs to be back by a physical good or becames worthless over time. Its just paper that gets his value printed away."** The same is true for bitcoin. It's just a data on blockchain. It's true that it doesn't become worthless in the same way as FIAT due to overprinting, but still, for it to have a value, there needs to be actual physical wealth that it can buy. If suddenly all the physical wealth in the world disappeared, bitcoin would become worthless, even without overprinting, because you'd have 21,000,000 of some abstract digital money that can't buy anything (because there's no anything). **"man, what kind of mental ginmastics you're doing to justify spending your money. No, money does not need to be backed by physical goods. You're not understanding the difference between money and currency."** Any kind of money needs to be backed by physical goods. Even gold. What's use of the gold if I can't exchange it for bread, a house, or an airplane? If everyone keeps using all their extra money to buy gold, instead of to invest in the production of physical goods, eventually, the production of physical goods stagnates, they become more rare, and you need more gold to buy them. **"Gold is money. Gold is not back by any physical good. Gold IS the good and its physical proprieties are what made it HARD money.** **Bitcoin is money. Bitcoin is not back by any physical good. Bitcoin IS the good and its physical proprieties are what made it the HARDEST SOUND money ever created."** As I told you, all the money (this includes gold and bitcoin) must be backed by physical goods, if there aren't any physical goods you can buy with it, it's mostly worthless. Bitcoin would be absolutely worthless, and gold would still keep some value as jewelry or industrial material, but not much beyond it. **"You need to study a little more :)"** Any you need to study ***much*** more. ;)

jony_be

>Since people can't hold bitcoin to their death they will pass on for future generations. > there's no much room for further growth, exponencial growth? maybe not, but even so growth. Bitcoin cant be debased and everyone can save for the future. > of these cases the incentive to HODL indefinitely diminishes. why? if anyone can save for the future with their bitcoin, why would they sell it for physical goods that degrade, can be taxed on, be confiscated or destroyed by natural disasters?? This point makes no sense to me. >Eventually, accumulating just abstract goods (bitcoin), and few concrete physical goods would lead to shortage of physical goods, why? when your money appreciate over time you're not gonna spend it on unnecessary things like a second/third house or land or new cars. Thats lost money that won't appreciate. >for any currency to keep its value, it must be backed with accumulation of physical goods in the world. man, what kind of mental ginmastics you're doing to justify spending your money. No, money does not need to be backed by physical goods. You're not understanding the difference between money and currency. FIAT is currency and needs to be back by a physical good or becames worthless over time. Its just paper that gets his value printed away. Gold is money. Gold is not back by any physical good. Gold IS the good and its physical proprieties are what made it HARD money. Bitcoin is money. Bitcoin is not back by any physical good. Bitcoin IS the good and its physical proprieties are what made it the HARDEST SOUND money ever created. You need to study a little more :)

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

ThatChrisGuy7

Not only that the IRS is looking HARD at crypto they have a whole new team for it.

wilson0x4d

IMO it's however many you can comfortably manage/review 3+ times a day. Some people treat investments like they are "fire and forget" and only check when the news/community reaches them, or, occasionally. That's irresponsible with 1, 2 or 100 holdings. I find keeping up on 20-30 assets takes most of my day. That includes reviewing all news I can find, studying price charts, doing some pencil and paper indicator work whenever something looks like a change, etc. Proper asset management (investing) is HARD work. Everyone else is just riding the train, probably lose quite a bit.

LucidLV

There is value in saving. Well there should be. 10k over 10 years in fiat is a bad bet. “They” say 1% inflation per year but we all know better. Saving Bitcoin and having a saving they is at minimum is a hedge against inflation. Or god forbid even be deflationary. Saving in general could save a lot of people’s and give people stuck in the grind a fighting chance. Bitcoin is amazing. Always DCA imo. Whether it’s at 15k or 69k. Just keep saving! Sound saving and sound money and HARD money should be an inalienable right of all people.

InFLIRTation

Ouch we just got rejected HARD on 50k. Should i be worried?

Haunting-Student-756

Man would that have been nice does WORDS ARE HARD!

Haunting-Student-756

Print? Pinned? WORDS ARE HARD!

Famous-Permission-87

We're going down HARD, soon, yet people will still be caught in this bull flag. Not going to ATH until after the halving, Late 2024, early 2025.

Four_Krusties

Maybe not a rug but the correction is coming HARD.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

piggleii

Anyone find it amazing how influencers and YouTubers always seem to be all in on whichever coin is pumping the hardest at a given time? I’m just basing this on how excited they get. E.g. “CHAINLINK IS RIPPING HARD!!!!” Incredible, man. Just incredible how they always seem to have bought the coin that’s pumping with their life savings on 1000x leverage at the exact time it pumps.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

SilverBeneficial7333

Jesus...the....fucking.....hopium......hits.....so....fucking.....HARD... ​ Woof. Thanks for that!

One_Adhesiveness_859

Bro you need to sell immediately it’s about to crash HARD. You’ll be able to buy 10 bitcoins with that money in a month trust me bro have you seen the news?

JoeYo743

I recommend you read this article, https://river.com/learn/can-bitcoins-hard-cap-of-21-million-be-changed/ Specifically the part that literally says HOW BITCOIN'S HARD CAP COULD BE CHANGED. Miners and Nodes have to agree, it is possible. Dont fight facts simply because you have not read it yet

_RonPaulWasRight_

>Ah, nothing like The Man complaining about The Man. I own a handful of fucking rentals that I had to WORK HARD AND SCRIMP AND SAVE TO FUCKING OWN. And that makes me..."The Man"? And I'm not a Boomer, guy. Gen X. You're trolling, aren't you? You're seriously doing this just to piss me off.

FairPayForEmployees

Please don't start with 0 or your visitors will have a HARD time reading that thing.

HurricaneHarvey7

Wow, ETFs are scooping up WAY more Bitcoin that can be produced daily...And the halving is only 3 months away. Vanguard and the like are going to fail HARD because they don't understand the magnitude of what's happening.

Xath0

Oh yea, Bitcoin is dumping SO HARD right now... oh wait...

Ok-Most-7339

HAHAHHAA Bitcoin ETF approved. Bears cant DO ANYTHING LMAO WHY? TRYING SO HARD TO MAKE DIP?>!!?!? Poor fucking bears. Please Just stop. You will lose. We will keep winning. WE WILL KEEP WINNING. Fuck the bears

HeGotKimbod

Sellers won’t let that happen. It will get sold off HARD at $60K and plummet again.

MrD_12

HODL HARD!! traders will eat it regardless

fake913jnf01f0

There's going to be like 11 etfs with companies with lots of clients and advertising budgets who are going to be pushing it HARD. They all want to be #1 and it's a race to get there first they will be throwing whatever they can to get to be the biggest one. (biggest one will become the default one people invest in so there is a huge motivation for them to shill theirs as much as possible)

Cool_Adagio_2564

Bears trying HARD to keep it under 42k

MountainManic186

This is letterman in 1995 trying to understand computers from Bill Gates: https://youtu.be/fs-YpQj88ew?si=CVkteyNJb1CGHvVw Wait another 2 decades and reflect back, you will feel like letterman in 1995 trying to figure out why computers have any value at all when you already have magazine subscriptions and a radio. I recall trying to setup an email server in 1999 - it was HARD. Decades later I move between Hotmail, gmail and my employers email servers flawlessly. Bitcoins still in 1995 😉

thec4nman

Good idea, I remember in 2021 everyone thought cardano would blow up with Coinbase listing the coin. The day they listed it, it tanked HARD. Maybe I’ve got PTSD

BenniBoom707

I think we have to look at what BTC is doing now….. Historically BTC dumps for Christmas as people pull out their profits for the Holidays. We generally see this around November-Early December. And yet, BTC has been Pumping hard through Nov-Dec. Everyone is patiently waiting a Buy opportunity with a Dip that never came….. Again, historically before a halving BTC dumps and then starts to run after the halving, hitting a new ATH around 1 year after halving. This time no such thing is happening, and BTC is starting to run to ATH *before* the halving. What will this market do if BTC hits a new ATH before the Halving Event? This is uncharted territory….. If BTC continues to run, through the Holidays, through the ETF announcement, and then through the Halving, we can expect some extra special fireworks Post Halving. Especially if rumors of the ETH ETF are true….. I don’t see how the ETF will have a negative effect on BTC if this is the case. Institutional investors don’t “Sell the news”. Most of these big players are in it to Hodl long term. Also, Blackrock is going to be Holding some BTC to back the ETF with, the ETF will not be trading *real* Bitcoin, it will be trading a share of the ETF, which will not have effect on actual BTC price, unless their investors Ape in and Buy up the ETF. What I am anticipating, is this Bull Run will be like none other we have seen. Massive Buy pressure leading up to the Halving. Then maybe a small sell off post halving, followed by a Parabolic 2024-2025 run. This is where I think we will finally see the Epic Meme price of “Bitcoin $100k” Been in this game for years, never believed “BTC to $100k”, but now I think we have the perfect storm to actually see those prices. Then what happens to Alts??? ***Alt Season*** When BTC hits even a New ATH, you will see an Alt Season like never before. As people pull profits, they are looking to reinvest into “The Next Bitcoin” or the “ETH Killer”. You will see ETH, BNB, SOL, etc All run HARD. Followed by a slow trickle of the Low Caps and Shitcoins go Ballistic as continued profits are pulled and people enter the Gambling stage of the Bull Run, searching for those 10-100X coins.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

ETF-The-Token

A couple months ago I invested in ETF the token. I really believed in it. It went up 2000%, and then back down like 1800%. It was at 60 cents, now it’s at 7.5 cents. But the whole idea of it, is that it’s supposed to pump HARD when the black rock etf gets approved. I still believe. I have to believe. But goddamn I wish I had walked away with almost 50k when I could have. So dumb

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof-of-stake) to find submissions for other topics.

TabletopThirteen

how long does crypto need to keep pumping and going up over and over again until y'all get it. Crypto is here to stay and over time it only gets more secure. Next thing you know BTC will be 100k and you'll still be sitting there saying "these idiots are gonna get dumped on SO HARD SOON"

Acceptable_Yam4795

New blood and fresh meat. Like going through a hurricane in Florida is a rite of passage to become a real Floridian, you're not a real Crypto Cunt until you've had your hopes and dreams crushed for a little bit. That means going up and coming down HARD to remind you that this commodity sector is the Wild West.

BlockMeReddit

HAHAHA YEAHH BRO FUCKING BEARS AMIRITE!?!? KEEP CRYING BEARS WHILST ME AND u/Ok-Most-7339 PUMP EACH OTHER WHILST LAUGHING AT YOU BEARS!!!1!!1!!!1 PUMP ME SO FUCKING HARD WHEN WE GET TO 50, DADDY.

Just1_More

OPs post history... trying SO HARD to find a fatal flaw with Bitcoin. I wonder if they'll have the "Ahhh ha" moment soon.

Rice-Fragrant

WRONG. By time that heart surgeon HAS COMPLETED RESIDENCY, and has finished their boards etc, they are about middle aged. The average medical resident is 27 and surgeons take about 5-7 years of residency training… they finish about 32-35… that knocking on the door of MIDDLE AGED. THEN you have to factor in debt burdens… it’s rare to see doctors with $300,000 of student loan debt now. By time the surgeon already “catches up” with the “dumb” truck driver with a GED/HS degree who was driving since out of n highschool… THE SURGEON WOULD BE ABOUT 50… And we haven’t even factored the numbers of the “dumb” plumber or truck was getting payed in bitcoin etc. The normie debt slave doctor might NEVER CATCH UP! I did some basic calculations on my own income. I am 100% debt free WITH A PAYED OFF HOUSE. This year I will make about $60,000 at my job as a lab tech. Having zero debt and zero mortgage/rent and zero student loans (the size of a veterinarian, pharmacist, doctor) puts me at the SAME LEVEL AS A VET/PharmD living in the same state. (And a average physician living in a high cost of living state like Cali, NYC etc) That is to say a normie indebted Vet/Pharmacist actually pocketing the same as me after TAXES AND MORTGAGE/RENT AND STUDENT LOANS. Now, if I include living and saving on a bitcoin standard along with unrealized capital gains of a payed off house and bitcoin , I would technically be on the same level as a normie indebted pediatrician ($150,000) living in the same state and a normie general surgeon living in California, NYC etc ($300,000). It seems “crazy” but you can do the numbers yourself USING A GROSS UP SALARY CALCULATOR. My great grandmother learned these basic things when she was a nurse. Her wealthy private clients/patients taught her about saving in hard assets and dumping worthless pieces of paper. She became wealthy and she was not some fancy surgeon. All I did was to copy her… for 15 years (after my first real full time job) AFTER ALL LIVING EXPENSES PAYED FOR, I DUMP FIAT CURRENCY FOR HARD ASSETS… my networth is like 3-4x more than me “better educated” family and friends from school. It’s not how much you earn, ITS ABOUT HOW MUCH YOU GET TO KEEP. And saving debt coupons (fiat currency) is dumb… hard assets leverage the value of your labor long long term while fiat DEVALUES YOUR LABOR/SAVINGS.

Rice-Fragrant

It’s not about the degree, ITS ABOUT MARKETABLE SKILLS. It could be a skilled trade, STEM etc… all that matters is that you need have a skill set that is well payed. For example, Walmart truck driver makes about $120,000 on average, no degree required where as a teacher makes about 1/2 of that but a degree is required. A unioned high rise Crain operator makes about $150,000-$200,000 or more, no college degree required… about the same as a pediatrician or pathologist but in $250,000 in student loan debt. I didn’t finish university but I had enough college credits to get a job as a lab technician and my income last year was about $55,000… slightly more than an average biology degree holder working as a lab tech. I already have a payed off house (thanks to dumping fiat debt coupons for hard assets) and zero debt… for a normie indebted person to be able to pocket the same amount as someone like me (debt free super saver), they actually would need to make almost TWICE AS MUCH in the same average cost of living state ($110,000) AND 4x AS MUCH in a high cost of living state like California to be able to DCA at the same rate. I pretend I am making rent/mortgage payments when I PAY MYSELF IN HARD ASSETS like bitcoin. Personally, I still want to complete my education, simply because I can and it wouldn’t hurt, I can easily afford it having a frugal life and lots of savings. There are TONS OF OPTIONS TO EDUCATE YOURSELF that did not exist a few years ago. Many reputable universities now have online options for working adults… some Ivy Leagues even offer online degree programs too via their extension programs. THERE IS ZERO EXCUSE TODAY TO NOT BUILD SKILLS… either university or trade school or self taught… you better get some skills. Just don’t be a dumb normie becoming a debt slave and wander why you’re living paycheck to paycheck. I have well educated relatives WITH NEGATIVE NETWORTH because they are drowning in debt. Education does not have to be exorbitant if you actually make a game plan.