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david chaum

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Posts posted by david chaum

  1. Docs are generally more restrictive with pain medications now than in the past. If he was prescribed them, he should take them as needed. When he has surgery to fix his collarbone, they will likely prescribe him more.

     

    If you're both really that concerned about hydrocodone, then you could ask for tramadol at your ortho appointment. Not as strong, not as much addictive potential.

    • Hook 'Em 1
  2. 12 minutes ago, Nice Guy Eddie said:

    At these ETF purchase levels I assume that the bitcoin halving even in April will be less of an impact than some think/hope. If ETF buys and mining net out at ~9,100 bitcoins purchased from existing inventories, is that much of a difference from ~9,550 in April? Not a zero impact but I don't see the needle moving much.

    But not to be a Debbie Downer, I think we hit $100K this year unless there is an unexpected external factor.

     

    agreed. More of a psychological thing.

    One thing i hadn't considered until now was the effect of the etfs on unit bias.

    People balked at buying btc when it's tens of thousands of dollars even though you can buy portions of a bitcoin. But buying shares of IBIT at 29.65 removes that factor.

  3. 18 hours ago, Nice Guy Eddie said:

    The iShare bitcoin trust page

    • Jan 31st: $2.9B in bitcoin
    • Feb 12th: $4.7B in bitcoin

    Unless the iShares' (& others) investors get spooked and sell, I don't sell how BTC won't continue to go up in price with this much money flowing in. 

     

    10,000 BTC a day going into etfs. Only 900 mined a day. That means more and more will have to come from existing supply. Price will have to go much higher to find a ton of sellers over the next year or two.

    • Hook 'Em 1
  4. Through the post ETF listing high. 49k. Lets go.

    1 hour ago, bernorange said:

    @FirstTimeCaller- Nerds figured out how to enable zk rollup scaling on the Bitcoin blockchain:

    https://www.coindesk.com/learn/what-are-rollups-zk-rollups-and-optimistic-rollups-explained/

    If it works as advertised, it should eventually allow for faster and less expensive BTC transactions while maintaining privacy and security.  It also exposes smart contract functionality to BTC (one of the biggest advantages that Ethereum, Solana, et al. currently enjoy over Bitcoin).

    Will be years before that could be added. There's a few other proposed upgrades in line before it that have floated around for a while. A lot of bitcoiners are also more cautious now about upgrades after Taproot ended up enabling Ordinals/NFTs on Bitcoin. Unintended consequences and so on.

    • Like 1
  5. 3 hours ago, Nice Guy Eddie said:

    many of the largest brokers don’t allow transactions with the new btc etfs. Imagine the inflow if they did. I imagine charts like this are being passed around in these brokerages discussing the demand.

    Economic incentives will continue to drive bitcoin adoption. (Even though I wouldn’t consider etf buying true adoption, it’s a proxy and will lead to many more purchasing, holding and using BTC directly.)

     

    How long do entities like Vanguard continue to deprive their clients of opportunities that are available elsewhere? Eventually they will cave as well. 
     

    I think this is why MSTR and miners outperformed the price of BTC this week. A lot of money still locked out of the etfs. 

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