me after closing a trade for breakeven after being underwater for weeks | udiWertheimer on Binance Square

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me after closing a trade for breakeven after being underwater for weeks

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it’s been fun to quietly track people being upset about $MSTR price at these levels i’m gonna start rolling some $BTC profits into $MSTR here. the bitcoin price chart tells the story: saylor is hitting the ATM aggressively. THAT’S NOT BEARISH. it means demand is strong, and whenever he takes the feet off the gas MSTR will fly keep selling to me broskis

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alright bitcoin is at ATH i might as well buy some runes to counter-trade myself what should i buy

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instead of arguing about OP_RETURN (nobody cares lol)… let’s argue about OP_STOCKSPLIT we 100x the total number of bitcoins and everyone gets 100x the number of bitcoins they have now fix unit bias btc will literally go up 50% in a day FIX THE DECIMALS

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“but ‘spammers’ can just submit their OP_RETURN transactions to mara pool” no, that’s NOT true. mara is only 7% of the total bitcoin hashrate. they find a block every TWO HOURS on average, and due to variability it could sometimes take much longer i can’t think of many protocols that would be ok (and survive for very long) with only posting data once every 2 hours (sometimes once per 12 hours!) MAYBE some proposed mechanisms (like citrea’s) wouldn’t need frequent data posting. i didn’t look. if that’s the case, good for them! but it doesn’t matter. op_return relay policies currently successfully prohibit the types of hypothetical protocols that WOULD use op_return to fill every single block. removing the limits is going to open up the design space for THOSE kind of protocols that doesn’t mean they’ll necessarily be built or become successful but it certainly makes them a possibility, and currently those are NOT a possibility this debate has really been kind of shallow. why not talk to people who have experience in building such protocols (ordinals community?) before proposing disruptive changes? we might’ve been able to tell you this in advance (we care about bitcoin too you know)

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signs of an ordinals bottom

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