FAQs

I’m sure you’ve heard of Bitcoin, the revolutionary cryptocurrency that’s been around since 2009. But what you may not know is the fascinating story behind the development of this revolutionary technology.

In 2010, someone exploited Bitcoin’s code and figured out a way to generate 184 billion Bitcoin—which is more than the total supply of Bitcoin. This was soon fixed by the creator of Bitcoin, Satoshi Nakamoto, and the other volunteer developers who worked with him, such as Garzik and Malmi.

Satoshi Nakamoto quickly identified the bug and released a patch to fix the issue, which took around five hours. This patch was a soft fork, meaning that it simply rejected the value overflow outputs and unpatched nodes were still valid. The majority of nodes adopted the patch in about five hours, at the block height of 74691.

The bug was a good lesson for the Bitcoin community to make sure that the code was secure and free of any loopholes that could be exploited. After this incident, Satoshi and the other volunteer developers actively patched many issues between 2009 and 2010.

One of the most significant patches that Satoshi and the other developers made was to disable several opcodes that Satoshi had designed to be explored later, but had left them enabled until then for testing. This patch was made to optimize the security of the Bitcoin network. It’s a fun fact that one of the disabled opcodes, OP_CAT, would have made Bitcoin quantum secure. This means that not only was Bitcoin designed to support literally every possible transaction type and scripts, it was also designed to support post-quantum cryptography out of the box.

We can only guess at Satoshi’s intentions at the time, but it seems likely that he always intended to disable all those opcodes before leaving to minimize attack surface. As he said himself, “these are things to explore in the future.”

The Bitcoin development process over the past decade has been a rollercoaster ride with its fair share of bumps and crashes. But this has only made the cryptocurrency stronger and more secure. And it’s all thanks to the incredible dedication of Satoshi Nakamoto and the other volunteers who worked with him to develop this revolutionary technology.

are part of the same cartel.

Justin Sun’s recent transactions have raised eyebrows in the crypto community. In a matter of days, he minted $62 million in TUSD, withdrew $50 million in USDT from Huobi, deposited $50 million USDT to Bitfinex, and burned $50 million TUSD. He also added $50 million USDT and $12 million TUSD to JustLend. His actions have been likened to those of Sam Bankman Fried, who was accused of minting and then immediately burning tokens to give the appearance of having more tokens than he actually did.

The crypto community has largely responded with caution to Justin Sun’s shady transactions, warning investors to stay safe. Despite the negative attention, Tron and TUSD remain popular within the crypto market, with a high market capitalization. Some have speculated that Sun’s time is coming, with one redditor suggesting that he should be arrested before it’s too late.

However, investors are advised to be cautious of Tron and other crypto-related projects. Not only are Justin Sun’s transactions suspicious, but unregulated exchanges such as Binance, KuCoin, OKEx, Bitfinex, Huobi and Poloniex have been accused of forming a cartel. As such, it is important for investors to do their own research and be aware of any potential risks associated with investing in crypto.

to the wrong address oh well”

Crypto.com (CRO) is a cryptocurrency platform with both pros and cons. Recently, a user was accidentally sent $7 million by the platform, and the whole incident has sparked an interesting debate.

To give some context to the situation, the “mansion” the user bought was just a large house in the outer-suburbs of the city this happened. The average house price in this area is a whopping $1 million or more. The user’s mistake was staying in the country after the mishap, as if any of us had sent money from crypto.com to a random wallet, we would be told that we are “shit out of luck”.

The incident has raised an interesting topic of discussion: why is it always retail investors who suffer despite huge companies making the mistake? When it’s retail investors who have made the mistake, they are just told to suck it up. Crypto.com, however, got a huge loss due to a small mistake. This brings forth the importance of double checking wallet addresses before making any transactions. It took them seven months to realize they had sent $7 million to the wrong address.

It’s a classic case of “if you send to the wrong address, too bad; if we send to the wrong address, oh well.” Imagine if you were the one to get sent the $7 million and you didn’t lose it in a boating accident. Even if it was just $5 sent to the wrong address, I would have probably used it, if that was really all the money that was mine.

At the end of the day, the incident was a lesson to all of us to be extra vigilant and careful when it comes to cryptocurrency transactions. Double check your wallet addresses and keep your eyes peeled for any suspicious activity. Make sure to keep your crypto in the right places and if you ever find yourself in a situation like this one, make sure to stay vigilant and do the right thing.

as a major whale exit platform. Coinbase wallet balances dropped by 11.5k BTC in the last 24h – **the largest single day drop ever**. That’s a strong indication that institutional investors are liquidating. # What does this mean? ​ https://preview.redd.it/wqomn2deoydb1.png?width=2560&format=png&auto=webp&s=f8ec936dbf1d73f1a8c77d66d4fbf87fdd2f553a The entire market is highly leveraged and this additional liquidation pressure put BTC into a bearish state. The **momentum is now shifted towards the bears** and it is important to keep an eye on the fundamental developments and technical levels to see how this plays out. **Conclusion** The recent BTC drop below $29,000 was a result of large liquidation cascade, with over 1.5 billion OI flushed in minutes. The open interest spike back, suggesting a lot of leverage entering the markets with an unstoppable trend. It is believed that institutional investors are liquidating their positions as Coinbase wallet balances dropped by 11.5k BTC in the last 24h, the largest single day drop ever. The entire market is highly leveraged and this additional liquidation pressure put BTC into a bearish state. The momentum is now shifted towards the bears and it is important to keep an eye on the fundamental developments and technical levels to see how this plays out.

As a crypto enthusiast, I’m sure you’ve been keeping a close eye on Bitcoin (BTC) and its recent drop below $29,000. In this post, I’m going to give you a quick, simplified, and short summary of why exactly it dropped and whether the drop matters.

A heavy spot sell off triggered a larger liquidation cascade, wiping out over 1.5 billion Open Interest (OI) and liquidating around $9 million USD in just minutes. The open interest spiked back, suggesting a lot of leverage entering the markets with an unstoppable trend. Right now, the open interest is 200 million higher than before the dump.

It’s widely believed that institutional investors are liquidating their positions, as Coinbase wallet balances dropped by 11.5k BTC in the last 24h, the largest single day drop ever. This additional liquidation pressure has shifted the momentum towards the bears, making it important to keep an eye on the fundamental developments and technical levels to see how this plays out.

In conclusion, the recent BTC drop below $29,000 was a result of a large liquidation cascade and the current market is highly leveraged. It’s important to pay attention to the fundamental developments and technical levels to see how this plays out in the future.

We have a lot to celebrate. We’ve just reached 800,000 blocks on the network and it’s been running continuously for all these years! Security, decentralization, and the transparent store of value have all been securely operating non-stop for 800,000 blocks now. It’s a pretty awesome milestone, isn’t it? Some unknown miner got the 800,000th block and now we can’t wait to get to 840,000 blocks.

To mark this momentous occasion, I’ve decided to allow my dollar-cost averaging (DCA) to take place today at the same time every week since 2019. It’s a great way to escape the matrix!

Solana is looking on in amazement. It’s impressive that we can go a full year without an outage. This feat definitely has an effect on its market value. We can look forward to a future where we celebrate block numbers as public holidays!

So congratulations to everyone! We’ve made it this far and there’s still 40,000 blocks to go. For those of you who are just reading about this for the first time, it means that we’ve reached 800,000 blocks on the network. We can also see that there is a memory usage of 520/300, and the next block is in reverse order.

It’s been an incredible journey and we can’t wait to reach the next milestone of 1,000,000 blocks. Here’s to many more successes like this one!

I’ve been able to pay off the first loan completely, and pay down $3,500 on the second loan. I currently owe $41,000. My monthly payments are \~$700 a month. ​ I’ve been able to manage the debt and my current BTC position. I’m not stressing and my conviction remains strong. I can easily afford to service the debt. Despite the naysayers, I’m currently up \~25% on my position, which comes to \~$19,500 profit. ​ I’m sure you’re wondering why I took out those 3 loans instead of going for a single loan with a better rate. Well, the answer is simple. The loans I took out had 0% origination and no other fees. This meant that I could leverage my money to buy more BTC and have more exposure to the market. It also meant that I was able to spread my payments out over time so I could keep up with the debt. ​ I’m really happy with how things have gone so far. I managed to get a good deal with the loans and I’m up \~25% on my position. I’m proud of the fact that I was able to pay off the first loan completely and pay down the second loan by $3,500. I’m confident that I can continue to manage my debt and make sure my BTC portfolio remains profitable. ​ It’s been an amazing 16 months since I took out those personal loans. I bought a total of 2.65 BTC for an average price of \~24,000 per BTC. I’m up \~25% on my position and have managed to pay off one loan and pay down another. My monthly payments are \~$700 a month, and while it isn’t easy, I’m managing the debt and remain positive about the future. My conviction in Bitcoin remains strong and I’m confident that I can continue to make my payments and keep my BTC portfolio profitable.

”

I’m sure you’ve heard the news – the same person who made a 1000x profit on Pepe1.0 has done it again with Pepe2.0. This can’t be a coincidence and I’ve been keeping an eye on the wallet on debank to track their moves. Whoever this is has some serious skills or is an insider.

For those of you interested in tracking the transactions of this wallet, here’s the address: https://etherscan.io/address/0x901da172c257ba6a52a17a8aae2b03277a470163. It looks like they are investing in a range of pepe derivatives, including Pepe0.5, Pepe3.0 and more. I’m not suggesting you copy trade this wallet, but keep an eye on it and see if there are any good opportunities that come up.

In the comments below you’ll find pros and cons related to Ethereum, so make sure to check that out. As for me, I just made $7 profit by turning my $100 of Arbitrum into $107. If you want any trading tips or tricks, let me know and I’d be happy to help.

I can’t help but be suspicious of this person. Making big money in the crypto world once is incredible, but twice? The odds of this happening are worse than some shady local casino. Be careful. Tracking these addresses usually leads to bad things. If they are insiders, they use tracked addresses to fool people and use other addresses for profits. It’s a vicious cycle.

Whatever you do, exercise caution. Your crypto, your decision.

in the millions of dollars.

I got curious this afternoon and did some research on the “Buttcoin” movement. To my surprise, I found out it has actually been around for a really long time – some of these guys were absolute trail-blazers in terms of their awareness of the project. The movement started in late 2009/early 2010 on the Something Awful forums when Bitcoin was valued at only 0.25 cents. It really gained steam when it shifted off Something Awful and to the site we know and love – at that time BTC was still only $16.54.

The movement has been saying Bitcoin was a bubble/scam that would crash into the ground and not see any real adoption since its inception. Surprisingly, their core user base were some of the first people to hear about Bitcoin. Over time their movement morphed to focus on the wider cryptocurrency ecosystem, including hugely adopted projects like Ethereum.

This gave me a lot of perspective on why they would be so passionate about the issue. If you had invested just $100 in Bitcoin when the movement arrived, you would now have over $187,500. That’s a huge opportunity cost and can be quite depressing to think about. It’s easy to see why they would be so passionate about this issue, and it’s an important reminder to all of us of the potential of cryptocurrencies.

USD is losing value against it. It is just plain silly. ​

It seems like our recent rally has created quite a buzz in the mainstream media, who usually only pay attention to us when we’re either doing great or terrible. On the popular news channel CBDC and its highly esteemed advisor, Jim Cramer, the author of The Black Swan, recently made some quite controversial comments about Bitcoin when it was hitting new yearly highs.

The author called Bitcoin “bad” and praised the central banking system, claiming that the Federal Reserve is highly transparent and the U.S. Dollar system can be influenced and “they know what’s going on.” While it’s true that certain people are privy to more information than the average person, this statement is still quite dubious. It seems like the mainstream media’s envy of Bitcoin’s success is what’s driving these comments.

It’s worth noting that Bitcoin has been steadily gaining value against the U.S. Dollar, which is a sign of its increasing strength and trustworthiness. This is in stark contrast to the central banking system, which employs a number of tactics to artificially prop up the economy and the value of the dollar.

The truth is, Bitcoin is a revolutionary technology and a powerful tool for financial freedom. It’s a better alternative to the traditional banking system, and its success is proof of that. The mainstream media may be envious of Bitcoin’s success, but they can’t deny its potential.

bit and admire the strength of our own convictions that we had when we first started investing. ​ We can see that the Bitcoin market is still alive and well, and that the ones that had the strength to not panic sell back then have been rewarded for their dedication and commitment. As we can see from the chart above, the amount of coins that have been held for over 1 year has increased by 8.2% since the start of the year. This shows us that the majority of Bitcoin holders are not only committed to their investments, but are also confident that the price will eventually go back up again. ​ All of this shows us that there is still a lot of strength in the crypto market, and that the people who are invested in it are still confident in its future. Despite the bear market, there are still people who are willing to hold onto their investments and not panic sell. This is an important lesson for all investors, that we should never give up on our investments and that we should always be confident in the future of the market. ​

One year ago, the crypto market was engulfed in fear as Bitcoin plummeted from around $48k to under $20k in just a few weeks due to the LUNA scam. Many investors panicked and sold, leading to a crash in the market and causing some to believe that crypto was officially dead. But thankfully, not everyone gave up.

Those with dedication, commitment, and sheer will held onto their coins and have been rewarded for their faith in the market. According to a chart showing Bitcoin supply last active over 1 year, the amount of coins held for over 1 year has increased by 8.2% since the start of 2021, indicating that the majority of Bitcoin holders are confident that the price will eventually go up again.

This shows us that there is still a lot of strength in the crypto market, and that the people who are invested in it are still confident in its future. This is an important lesson for all investors, that we should never give up on our investments and that we should always be confident in the future of the market.

No matter how dire the situation may seem, it is important for investors to remember that crypto is a volatile market and that the only way to succeed is to have the conviction to hold on to their investments and have faith that the market will eventually recover. The people who held onto their coins despite the bear market have been rewarded for their dedication and commitment, proving that crypto can still be a viable asset for long-term investors.