Muh profits
.
Your profits should be just fine... as long as you leave them in Bitcoin and don't do sometning foolish like investing them in fiat currencies.
If we are longer term bitcoiners we could have average bitcoin costs of anything between $100 and $10k, and surely it is not ONLY the cost per BTC, yet there is some considerations regarding how many coins that you have..
Some guys claim to have even lower costs per BTC, yet let's try to be somewhat more realistic in terms of attempting to address the larger portion of longer term bitcoiners who might have around a couple of cycles or slightly more in bitcoin.
So a guy who might have $1k per coin would have gone up from 74x profits to 123x profits and then now dipping back to 112x profits. Sure, it makes a difference but not as much of a difference as the guy who might have average bitcoin costs of around $10k, and so he would have gone from 7.4x profits to 12.3x profits and then now dipping back to 11.2x profits. The guy with a higher cost basis does not have as much to work with unless he happens to have 10x or more more coins.
There could be guys who have ONLY 20 BTC or less, but they have average coin costs of $1k or less, but we would likely rather be a guy with 100 BTC, even if his costs per coin might be $10k per coin.
In no particular order, Honey Badger Buddy and the Wo have been made aware today that I am ready for that next bump and ATH
From my layman's perspective, I am pretty sure that the order is that the lower numbers have to be crossed before the higher numbers are able to be crossed.
Will buddy drop to 111,111.11
Or are we going to get a good chance at coin?
MAYBE 97k? Or less.
I have powder on hand waiting for more dip to be offered.
It is not quite bettable, yet I am tentatively thinking that the odds for sub $100k are still slightly less than 50/50.. .. and yeah, we have had some pretty decent downity momentum in the last couple of days, so sure, I am seeing that downity is scary and has become higher odds than it was a few days earlier.
Since so much rides on these proofs, the Ethereum Foundation decided to test their security by offering a bounty to anyone who could attack Fiat-Shamir for any proof protocol of their choice, using a popular hash function called Poseidon. Before announcing the bounty, the foundation invited Rothblum to review a draft of its announcement.
Rothblums reaction was that the foundation had phrased things too loosely. After all, cryptographers have known for decades about contrived proof protocols that are vulnerable to attack, no matter which hash function you use. When he shared his thoughts with Ethereums cryptographers, he was startled to learn that they were unfamiliar with this work. Rothblum began collaborating with Khovratovich and Soukhanov (who worked at Ethereum at the time) to explore more deeply.
https://www.quantamagazine.org/computer-scientists-figure-out-how-to-prove-lies-20250709/I doubt that a cryptographer is necessary to prove that Ethereum is a smoke and mirrors laden bullshit, but sure, it does not hurt to have some additional proof for those who cannot already see that from the beginning there was a premine and its supply cannot be verified.
