# The Rise and Fall in Bitcoin Value **URL:** \ **Category:** Out Of Pod Experience\ **Created:** [January 18, 2022, 1:41pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290 "2022-01-18T13:41:44Z")\ **Posts on this page:** 20\ **Page:** 104
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 2:15am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2105 "2022-11-29T02:15:12Z")
[![](https://global.discourse-cdn.com/eveonline/original/4X/e/7/5/e759b2a6c96437e7ac85ac8d53639c2bf8cab031.jpeg "FTX RABBIT HOLE GOES DEEPER - BITBOY CRYPTO (BEN ARMSTRONG) - DAN FRIEDBERG!?! #XRP | DAL") ](https://www.youtube.com/watch?v=gmxXn11r004) Hmmm, this Dan Friedberg has a lot to answer for. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 6:26am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2106 "2022-11-29T06:26:52Z")
BlockFi bankrupt too. ![](https://global.discourse-cdn.com/eveonline/original/4X/c/7/2/c72eaf2fd91536370f61676b6b6459b8d38d4630.jpeg) ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [November 29, 2022, 7:34am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2107 "2022-11-29T07:34:21Z")
> [@Xeux](#): > > What happens to my single Satoshi on the base layer? Isn’t the base layer still being paid for using the Bitcoin lottery system (aka “mining”)? Only when you open or close a channel. But it can stay open indefinitely, so your 1 Sat is just fine on Lightning and you can send it back and forth. > [@Aedaxus](#): > > The fee is probably stuck in lightning limbo when the channel closes. But the price of 1 satoshi is “ **0.00** 01620533” so it’s zero dot zero zero dollar worth. You can’t even fight that in court as you need a minimum claim of $0.01 in small claims court. “The cloud is composed of pure dark energy embedded in a phase shifting space manifold Captain.”, “WTF does that even mean Ensign?”, “Unclear Captain, but it sounded extremely cool”. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 7:52am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2108 "2022-11-29T07:52:00Z")
> > > Satoshi Club @esatoshiclub Dr Doom has spoken. What now? 🫣 ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [November 29, 2022, 8:10am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2109 "2022-11-29T08:10:04Z")
The critics are just incredible. Just for context, that coin, while a centralized shitcoin, was like $30 two years ago today. Then it swung up to $690 in the bull run and corrected down to $300. So when he says 55% down from ATH, he conveniently leaves out that it went up 2000% before doing so. And sure, eventually, that shitcoin will hit the shitcoin dumpster like all the other shitcoins. It’s basically a stock for the Binance Exchange. Also 4% in 24h lol… price changes like that constantly happen in crypto, this isn’t the stock market. It’s already up back where it was yesterday. 🤣 ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 8:25am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2110 "2022-11-29T08:25:13Z")
I was recently thinking a lot about biotech. I wonder how would money and transactions fit into that. “Cell” money maybe, where system is using cells of an individual for securing transactions, and the pool of that blood money would be reneving with time and with energy spent, and all that would be using chemicals and aminoacids to clot out the transaction, even wireless, as the body could use electromagnetic fields. Biocalculating and energy transfer during the life itself, or maybe even growing houses and animals with intend of sustaining humans during lifes, where single individual could grow the environment around that would be fitting to the survival and entertainment needs, and many individuals could create hives with intend of more protection and more efficiency. 🧬 ☣ Or maybe changing human into a more suitable body structure for future? ---
**Author:** ![stefnia\_Freir](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/stefnia_freir/32/390048_2.png) [@stefnia\_Freir](https://forums.eveonline.com/u/stefnia_Freir)\ **Post date:** [November 29, 2022, 10:31am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2111 "2022-11-29T10:31:09Z")
> [@Aaron](#): > > So it’s ok for the state to infringe upon our privacy? it depends. Saying it’s an issue is wrong, just as saying it’s ok is wrong. It’s funny how you fail to understand subtleness. For you it’s either completely ok or always an issue. Reality is, it can be one or the other depending on circumstances. As always, your points are nonsensical. > [@Aaron](#): > > You acknowledge there is somewhat of a privacy issue Quote me on that. Wait, even when you say you can do it, you actually can’t… I see a pattern here. Maybe you need to think any argument you make through before typing on a public forum about it. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 10:33am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2112 "2022-11-29T10:33:47Z")
[![](https://global.discourse-cdn.com/eveonline/original/4X/8/2/6/826c8dbe552bdbadcdc6a3bc29e34d05dbb7eebc.jpeg "This Wasn't an Accident") ](https://www.youtube.com/watch?v=FDqhM7vHR2o) It seems he wasnt so stupid after al, malicious behavior from start. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 10:57am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2113 "2022-11-29T10:57:41Z")
Can I have some of what you’re smoking? 😀 ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 11:10am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2114 "2022-11-29T11:10:34Z")
> [@stefnia\_Freir](#): > > Maybe you need to think any argument you make through before typing on a public forum about it. I have, I even posted information from the actual creator of BTC himself (or themselves). Your overall point that “BTC is a ponzi” is still wrong and evidently you haven’t thought your argument through at all it seems. You’ve provided nothing in the way of evidence to support your claim yet you seem to expect others to start believing what you say as if we are just a bunch of non-intelligent people. Have respect for the facts that exist out there, it seems to me you didn’t know BTC was designed as a payment system alternative, You were too busy listening to the people who say “BTC will replace fiat” and not recognising they are also wrong. I can see you are squirming a bit by trying to copy what I said to you because you simply don’t have a valid argument. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [November 29, 2022, 11:10am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2115 "2022-11-29T11:10:39Z")
I honestly want some of that ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 11:20am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2116 "2022-11-29T11:20:57Z")
Why would I need to smoke anything, I just seen some things that make me think its the future of humanity. After the ages with stone tools, then ages with metals and then with electromagnetic waves, we are able to see inside ourselves quite literally and we can start working things from that side, discovering new biological us. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 11:27am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2117 "2022-11-29T11:27:57Z")
> [@Nana\_Skalski](#): > > It seems he wasnt so stupid after al, malicious behavior from start. I also mentioned Dan Friedburg who was behind the scenes of FTX. Apparently this guy used to own a gambling website where he would give a select few “God Mode” where they can see the other players cards when playing poker for money, I’m sure they fleeced many and got millions out of it, what a sad way to make money. I find it strange how some people in this thread completely ignore crucial information like this and still try to say the scam is with BTC itself. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 11:32am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2118 "2022-11-29T11:32:18Z")
> [@Nana\_Skalski](#): > > Why would I need to smoke anything, I just seen some things that make me think its the future of humanity. After the ages with stone tools, then ages with metals and then with electromagnetic waves, we are able to see inside ourselves quite literally and we can start working things from that side, discovering new biological us. What was the THC % if you don’t mind me asking? A couple of times a year I must admit I indulge, I fly to California where it is totally legal. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 11:38am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2119 "2022-11-29T11:38:03Z")
Is it really so strange? maybe people are still too much acustomed to how the world looks like now and they picture themselves as today but with different technology that is still machines made with human hands from not living materials instead of living flesh or other organics. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 11:40am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2120 "2022-11-29T11:40:31Z")
Actually I might be able to get onboard with what you are saying, I saw a news article where they grew brain cells in a lab and found that it could play that old school ping pong game when hooked up to electrodes. I’ll see if I can find the article, they might be looking to use something like this as part of a computer system. [Brain Cells Grown in Lab Play Pong Video Game](https://www.webmd.com/a-to-z-guides/news/20221013/brain-cells-grown-in-lab-play-pong-video-game#:~:text=Now%2C%20researchers%20say%20they%20have,its%20environment%2C%20the%20BBC%20reported.&text=In%20the%20journal%20Neuron%2C%20Brett,grown%20brain%20in%20a%20dish). Scary stuff. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [November 29, 2022, 11:45am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2121 "2022-11-29T11:45:22Z")
> [@Aaron](#): > > they might be looking to use something like this as part of a computer system. I would go a bit farther and use it as computer itself, highly interactive U.I. when plugged in and compatible with human organism. May be that it would look a bit funnier than today, like a flesh cap with tentacles, but we dont yet know how the future fashion or style will react to that. Or maybe this will be just a mean of survival to get one… ---
**Author:** ![stefnia\_Freir](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/stefnia_freir/32/390048_2.png) [@stefnia\_Freir](https://forums.eveonline.com/u/stefnia_Freir)\ **Post date:** [November 29, 2022, 5:05pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2122 "2022-11-29T17:05:01Z")
> [@Aaron](#): > > I have, I even posted No, you did not post the quote you said you would if I wanted. What you call “facts” is your opinion. Fact : BTC is a ponzi. You have no word to say, since you don’t even know what a ponzi is. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [November 29, 2022, 6:06pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2123 "2022-11-29T18:06:59Z")
> [@stefnia\_Freir](#): > > Fact : BTC is a ponzi. You have no word to say, since you don’t even know what a ponzi is. LMAO, so words from the creator of BTC mean nothing? Ok buddy whatever you say. It’s a means of payment not an investment (although people are free to invest in it). Unless you didn’t notice it is actually SBF and his colleagues being taken to court by about 1 million people, not anyone from [Bitcoin.org](http://Bitcoin.org), do you have an explanation as to why millions are making a claim against SBF and Co and not [Bitcoin.org](http://Bitcoin.org)? Facts do not support your claim. copied from [bitcoin.org](http://bitcoin.org): " [Bitcoin.org](http://Bitcoin.org) was originally registered and owned by Bitcoin’s first two developers, [Satoshi Nakamoto](https://en.bitcoin.it/wiki/Satoshi_Nakamoto) and [Martti Malmi](https://en.bitcoin.it/wiki/Sirius). When Nakamoto left the project, he gave ownership of the domain to additional people, separate from the Bitcoin developers, to spread responsibility and prevent any one person or group from easily gaining control over the Bitcoin project." There is a link to the creators of BTC, the organisation was passed to others where they would be the first point of contact for any claim made. I’ve not found any evidence of anyone making a claim against [bitcoin.org](http://bitcoin.org), Some more interesting copy/paste: “Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. **Any developer in the world can therefore verify exactly how Bitcoin works.** All transactions and bitcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted.” I’ve never heard of a ponzi scheme being like an open book for anyone to analyse this is a worlds first, A developer can in fact review the **ENTIRE** source code to design apps and I’m very sure many have done so, can you explain why there isn’t a single developer in the whole world saying that BTC is a ponzi? I’m sure it would be developers raising the alarm if it was a ponzi. ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [November 29, 2022, 7:11pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/2124 "2022-11-29T19:11:13Z")
> [@Aaron](#): > > “BTC is a ponzi” is still wrong Well maybe BTC is a Satoshi scheme, we will one day find out how it all works. 😃 It’s big and popular enough to have it’s own name. Chinese mining rig maker Canaan reports record-high earnings… 😃 Just strange China (Just like Russia) is allowing the west to become crypto gorillionaires, damn… 😃 I guess they want us all extremely rich so they can take us over without us resisting! That was the plan all along, an inverted war of attrition! 😃 [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=103) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=105)