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Messages - Don Pedro Dinero

Pages: [1] 2 3 ... 33
1
Hello icopress. Thank you for giving me the opportunity to work with you but I will be leaving the campaign. I took this opportunity to tell you now that you were planning changes for next week.

Best wishes.

2
Who knows which service that's available to give privacy to users will be targeted next time.

That's what I wonder, which one will be next, but we can be sure that some other service is already being investigated. In this particular case, according to the release they defended the use of Samourai for black money:

Quote
"At Samourai we are entirely focused on the censorship resistance and black/grey circular economy,"

I wonder if they would not have said these things if they had been seized the same way. I suppose they would have a better defence but I don't think they would have got away with it.


3
Bitcoin News & Updates / Re: Buy Bitcoin sign sold for 16BTC
« on: April 25, 2024, 03:50:22 PM »
Fucking hell! A million quid for that paper? That only happens in the USA, which is quite fond of auctions and people are willing to pay a lot of money for extravagances like in this case.  Although I recognise that it had a certain historical importance, with the sign, I personally wouldn't pay a penny for it.

4
I read today that there are many billionaires who have sold shares recently, like Jeff Bezos, for example, who for a while was known for not selling any shares. Saylor's sale fits into this context, then. I don't know if they smell a market ceiling and are selling now because of it.

5
He made a mistake and had to face a situation of a lifetime. When you are trading in the futures market, you need to make sure that you have all the risk-management measures set and have your stop-loss and stuff all set because the market is highly unpredictable and volatile and anything can happen at any time, so you can't be so confident to not set a stop-loss and go to bed with so much risk.

I'm pretty sure he didn't do any analysis as well because if he had done so, he would surely set a stop-loss before going to bed because doing analysis makes one realize or at least have an idea that the market is going to go up or down and they can make their decisions accordingly.

I don't know where you get this from, as it seems to me to be totally invented. Where do you get that Saylor was trading futures? He is a long-term investor who has been repeating that assets like bitcoin have to be acquired and kept for life, at best borrowing against them, so we are surprised that he has sold. Nothing could be further from futures trading.

6
He's not a Crypto billionaire for nothing he is a profit-driven business business-minded guy who has an insight for the future, he might be selling for profit ...

This is inconsistent with what he advocates: borrow against your premium assets, never sell them.

We don't have any information about Saylor's purpose for selling MSTR, however the biggest speculation is that he will use the £370M to accumulate more BTC as Saylor is known in the crypto market as a BTC diamond hands. I hope we will have more information soon regarding this when Saylor officially announces the BTC purchase.

I think that's the only logic I could see to this. Let him sell the shares to buy with the money from the sale bitcoin for himself. But time will tell if you are right.

Why would  this labeled as FUD?
It's a fact, that he asked for approval and issued the shares that were released to the market, there is no doubt or uncertainty in it at all.

Well, in principle it is not FUD because it has not sold bitcoin, it has sold the shares, but the shares of a company that is basically a derivative, leveraged product of bitcoin and where the business intelligence (BI) application software vendor part weighs less and less.

So, if he advocates that with bitcoin you never sell and that you do as the very rich do and instead of selling their assets they borrow against them, this move seems incoherent, unless it is because of the theory mentioned by MrSpasybo.

...
Therefore, either he is forced to sell, or there are bills that must be paid, or he wants to use them to buy more bitcoin.

The same as before, it is inconsistent with what he advocates and it makes no sense that a person who advocates borrowing against your assets would be 'forced' to sell to get

$370 million when his net worth is 10 times higher. He should have no problem borrowing such an amount.



7
Not only are mixers affected by this chaos with high fees, but also many businesses with "small" payments. Bitcoin has become unusable as a payment method again. This is BS.

Well, let's not get overly pessimistic either. Right now fees have dropped below 100 sats/vByte, so it looks like the craze around halving is going to be a one-off. With the new Runes protocol I guess we will have other spikes but we will soon be back to business as usual.

8
Yes, I also hope that, the Bitcoin fees will go down as the craze of halving is almost over, and after a week or two we may see low Bitcoin fees once again. I agree that for a service like Unijoin, low Bitcoin fees are most needed as the customers who mix small amounts always prefer to pay low fees. However, they may not lose big clients even if fees go high, because those big clients don't really care about high fees, they just want the best service which Unijoin provides them.

Yes, of course, if you are going to mix a couple of bitcoins you may as well pay 300 sats/vByte but for modest amounts it is not that we prefer low fees, it is that at the moment I do not even consider mixing. I hope this is not affecting the Unijoin.io business too much.

9
If we promote a BTC service, payment should be done in BTC in my opinion. I know some people consider LTC for sig campaigns payments when fees are high,

From my side, I would prefer a monthly BTC payment instead of weekly.

I also agree with your opinion, the payments should be done in BTC instead of any other cryptocurrency because here we are promoting a service which is for Bitcoin mixing, and that's why payment of such service should also be in Bitcoin.

Same. And from what I read from our manager on other occasions, payment in anything other than bitcoin is not even on the table. All the more reason because we advertise a bitcoin mixer as you both say. I would also say that if the fees remain high but not too high he will try to continue with the weekly payment. In this war of managers, in BTT some time ago with the increase of the fees some managers delayed the payments while icopress kept the weekly payments.

10
The number of unconfirmed transactions is not large. There are about 231,834 TXS unconfirmed, but the fees for these transactions are high, so unless there is a change, ~120 blocks are sufficient to solve this problem with an average of 4,000 transactions for each block, and therefore two or three days are sufficient to solve the problem.

Bitcoin Runes[1] may be a reason to make the height of the fees extend for additional weeks, but in the end there is no real reason for all these crazy fees

That will be if we have a normal volume of transactions, I suppose, but not if we have the Runes up our asses. We already had high fees last cycle with the ordinals and now this new protocol that is being added I imagine that the average rates will go up, although there will be peaks and troughs. For example, I believe that there will not be average fees above 1,000 sats/vByte again, as happened around halving, but above 100, yes.




11
With the halving already occurred, there is no significant move in the price of Bitcoin so it means it can be considered already as "sell the news" event emphasizing that in the short-term we can not expect dramatic movement upwards for BTC but looking at it in the long-term lens the sentiment is very much positive for Bitcoin.

Well, in my opinion to be a 'sell the news' event the price should have gone down or at least should do so in the near future. Something like what happened shortly after the official approval of bitcoin ETFs in the USA. That the price remains more or less the same does not tell us anything in this sense. But I agree that looking long term the sentiment is positive for bitcoin.

12
It is expected to have some sentimental value so lots of people paid huge fees to get into that block, that also contributed to the current feerate everyone is experiencing.

- Jay -

Well, that makes it easier to understand, but the guy must be loaded because he wasted a bitcoin just as if I dropped 5 cents on the ground and didn't go and pick it up.

The mempool is becoming less congest little by little.

It had been dropping slowly, but a couple of big dumps in the last 10 minutes have brought the fees to almost 500 sats/Vbyte, although looking positively it is almost half of what it was this morning. But for me what is clear is that it is the spam of ordinals these recent dumps because they are not going to be consolidations of casinos or exchanges with such expensive fees.

13
Hace poco he publicado un post en el hilo sobre el halving en que hacía referencia al protocolo bitcoin runes y el efecto que ha tenido sobre las tasas para enviar bitcoin. Al cabo de poco he pensado que el tema merecía discusión con hilo propio y he publicado uno en la sección de bitcoin en el foro en inglés, que no es exactamente igual pero sí muy parecido con algunas frases exactamente iguales. Escribo por la duda de si esto pudiera contravenir alguna regla. Podría haber preguntado esto en el norte (foro en inglés) pero como Freemind es moderador y además presidente prefiero hacerlo aquí, pues creo que es mejor darle un poco de actividad a la sección y para mí la respuesta que de Freemind es suficiente, a no ser que él diga que duda, en cuyo caso preguntaré en el norte.

En principio pienso que no he hecho nada mal, sobre todo porque es una cosa puntual, no soy alguien que se pase el día repitiendo lo que escribo aquí en el norte o viceversa. Pero en el caso de que estuviera prohibido preferiría borrar el post del hilo local, ya que el del norte crea un hilo y creo que dará paso a más discusión.

14
Bitcoin Forum / (Rubbish) Bitcoin runes and crazy fees after halving.
« on: April 20, 2024, 10:00:04 AM »
So, in case anyone hasn't heard, the fees after halving have skyrocketed:



The concepts in the image are in Spanish but I think you get the idea.

It seems that this could be due to bitcoin runes, a new protocol within the ordinals:

Deciphering Runes - Native Fungible Tokens on Bitcoin

Special mention for this jerk:

https://mempool.space/tx/7923e59abd8f8ab40dcc7915ae864d8b7ad6776811ba4d478f42248a7827a7f3

Who has paid almost a whole bitcoin in fees to send 0.00020330 BTC.

One thing I wonder is that if this goes on for a few days, how will the campaign payments be on Monday, I don't know if they will have to be postponed.

I saw that there was a discussion about it in another forum and I thought it would be interesting to bring it here with its own thread.

15
Al igual que @Don Pedro Dinero, yo lo que espero son los efectos propiamente dichos, lo que viene siendo la caída de valor, que no sé por qué, estoy esperando. Me podéis llamar pesimista, pero algo me dice que se va a notar.

<...>

No sé cómo, pero he leído: "si mis palabras se leen como de culo al cripto"... Demasiadas horas de pantalla :o

¿Tienes algún argumento para pensar que va a bajar o es simplemente un sentimiento? De ser lo segundo ¿ese sentimiento es reciente? A ver si tiene más que ver con el cansancio que con argumentaciones racionales.

Por cierto, un efecto inmediato del halving a sido una subida exagerada de las tasas, que actualmente están así:



Supongo que es una moda que pasará, pero con que solo sigan así unos días a ver cómo quedan los pagos de campañas del lunes. Quizás los tengan que aplazar.

Mención especial para el imbécil este:

https://mempool.space/tx/7923e59abd8f8ab40dcc7915ae864d8b7ad6776811ba4d478f42248a7827a7f3

Que ha pagado casi un bitcoin entero (actualmente 63.209$) para enviar 0.00020330 BTC.

La locura parece que tiene ver con esto:  Deciphering Runes - Native Fungible Tokens on Bitcoin



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