Every altcoin carries a volatility multiple on top of Bitcoin, and it runs both ways. ETH moves about 1.3x BTC, SOL 1.4x, BNB 1.45x, a mid-cap like HYPE around 6x. Everyone wants the 6x on the way up. Few size for the 6x on the way down.
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Since I can't respond to @1914ad because I'm blocked I'll respond to his tweet here, happy to answer any questions on why 110 has a huge amount of technical issues and confuses virtue signaling for technical consensus:
> They've made it clear what that future is by waging war against nodes, the immune system of Bitcoin.
Nobody waged any war at all, it was a simple relay policy change that any node can configure themselves, most people ignore crazy 110 people like yourself. There was some spam and then due to most of the market leaving spammers behind and the transaction fee most of them left, it's why the fees have been cheap for years.
> Core v.30 uncapped OP_RETURN and after a BIP-110 failure nothing stops the removal of every remaining limit until nobody runs a node but Wall Street and government institutions.
The relay default changed, consensus didn't. OP_RETURN outputs were always valid at the consensus layer and datacarriersize was always a local policy knob, maybe check out Stephan's great websit
It would not surprise me at all if Bitcoin absolutely rips between now and October, simply because almost everyone expects it to get rekt between now and October.
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
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