BITCOIN Discussion..........

[rolandcorts]

some people smarter than i am told me to buy it a while back... apparently there is some usefulness to chainlink... to me these are all assets, the beauty and pain of crypto has always been that there is no floor and no ceiling. btc can be worth $1 million or $1

There's nothing for free. USDT gives you a floor and ceiling of $1. Except there is always a small chance it collapses to 0 as other stablecoins have. Do stablecoins really have no volatility if there is a .01% chance every day it becomes worthless?

BTC has volatility but would never collapse to 0 for the same reasons stablecoins do (there is no central authority pegging it to anything).

And USD is a stable[shit]coin that gives you a nice annual return of about -3% with absolutely zero possible upsidw.

Pick your poison. Nothing is free.

 

[rolandcorts]

As for LINK, it is a faulty solution to the critical problem that plagues ETH: it's impossible to have smart contracts for anything but the most trivial contracts. As I've said on here many times before, you can't even write a sports betting smart contract and a sports bet is one of the most straightforward contracts you can devise. Then imagine something more complex like a real estate deal. Or something even more complex like maybe a business agreement.

LINK says the problem to the sports betting contract is that you need a centralized/group-sourced answer to who even won a given game. i.e. that certified information is what's needed.

Wrong. An infinite number of things can happen and all contracts need a potential adjudicator like a judge, even if the judge is not used often, the threat of the adjudication solves most disputes.

So what happens when BobbyFK unleashes a brutal fart at the SuperBowl during the 3rd Q and the game has to be paused for 48 hours to air out the stadium? All bets void? Action? Who decides? Not even the smartest contract writer could anticipate such a powerful fart from happening!!

Buy BTC and enjoy life

 

[milwaukee mike]

good info roland

i’ve been retired for 4 years, life of leisure is good if you don’t give people a reason to suicide you like bourdain

 

[KVB]

I've been trading small cap stocks up and down the board over the last couple of months it's amazing the number of companies that have gotten hundreds of millions in private placements and they just start a "crypto treasury"

Sometimes BTC, but I've seen a lot of ETH too, and others. Crazy the money they are putting in.

There are some other companies out there that hold a shit ton of BTC, that's for sure, all publicly traded.

Even Gamestop is in the top 20 BTC holders.

I got in on that run with BitMine, ticker BMNR, but after that many of the other companies just ran for the morning then pulled back.

BMNR went nuts and started a frenzy of crypto treasury announcements. Unreal the money pouring into them.

Here's one for today.

Pineapple Financial (PAPL):

Launches $100 million Digital Asset Treasury. Becomes first public company to hold INJ Token targets 12% yield from blockchain.

They are staking INJ.

Here's what happened to the stock, these are 1 minute candles...