🚨The recent "Testnet4" launch is not a reset or an official bitcoin core release but instead a simple fork created by a group of influencer celeb devs attempting to hijack the testnet name.
Testnet3 lives and their expenses to attack it will persist.
Testnet4=TestnetFake
Testnet Bitcoin (tBTC) is now the defacto gateway currency to getting in early on new ordinal airdrops and other projects running on bitcoin inscriptions. Testing new projects on tBTC is now being rewarded by giving larger airdrops to users who help test.
tBTC is way undervalued.
It has a 97M PoW difficulty which means there's real hardware, electricity and money behind it.
An authoritative group has told you tBTC has no value, and they're wrong.
No reset since 2013 makes it one of the longest lasting blockchains behind
@p0stc4p0n3
It's been over 10 years since the last testnet reset and mining isn't centralized enough to execute a reset today. It's not happening. Are you going to run a node and spend money on mining testnet just to initiate a reset? That's real cost for no reward, proof of work wins again.
Testnet4 (by mempoolspace) is the bcash of testnet.
It's literally a fork spearheaded by a small group.
They know a reset on testnet3 isn't going to happen.
🚨 TESTNET FAUCETS closing their doors as more people realize a proof of work chain, even testnets, require money to mine and therefore have value. The next question is how much, as the vested parties take the fight to the consensus layer.
BREAKING: A week long attack from an adversarial miner on bitcoin Testnet has dropped the difficulty to just 17M.
Meanwhile their blockstorms have decreased the block subsidy to just 0.006 tBTC per block making it even more scarce than it was before their attack began.
Testnet Bitcoin currently has a hashrate of 360 THs.
For perspective Litecoin's hashrate is 1.0 PHs.
That's approx 1/3rd the hashrate of the 18th largest cryptocurrency (coinmarketcap)with an $5.8B market cap.
Just saying...
Like Fiat money, testnet bitcoin is deemed "valueless" because someone says so. Meanwhile it costs nearly $60 and more then 4 days to mine a single tBTC.
Are you still listening to your puppet masters?
Even with the recent drop in difficulty it still costs $72 and six days to mine one tBTC.
A few weeks ago the cost to mine 1 was over $600.
Or you can buy one for $0.25.
If this market corrects, now that testnet3 is unresetable, gains would be nothing less than epic.🤫
BREAKING: Bitcoin Testnet mining difficulty has now surpassed 110 Million. That means it will cost over $50 and over 4 days to mine a single testnet bitcoin with rented hashpower or $7/day with a S19.
Meanwhile tBTC is trading ~$1 per tBTC.
"The best we could do is 51% attack testnet(3). But that could easily be quite expensive precisely because people are using it for valuable applications"
- Peter Todd (Bitcoin Expert)
@MrHodl
@p0stc4p0n3
Actually it does matter, that's how proof of work chains survive. How do you think a reset works exactly? Gloria Zhao doesn't just flip a switch. If they do a version byte change instead they're just forking off like bcash did and v3 can still continue on.
Popcat, a memcoin with no hashrate, no devs, and no utility just hit a $1 billion market cap.
Testnet3 is a real PoW blockchain with a limited supply, devs, usage, and has been running for over a decade.
How much is 1 tBTC is it had a 1 billion market cap? 🤔
Happy Friday 😎
TODAY ONLY, reply or DM us with your order ID (must be an order from today) and we'll add send you an extra bonus 🎁
#testnet3
#unresetable
🚀💥 BREAKING
Did you know it costs $274 to mine a single tBTC, yet it's currently priced under 40 cents? 🤯
With a mining subsidy of just 0.006 tBTC/block and a difficulty of 255M
#testnet3
scarcity and value has become unstoppable! 🌐⚡️
It's so decentralized it will persist
My prediction: so long as Testnet3 has accrued a non-trivial amount of value in the form of tokens, Luke will not be able to nuke it. More degens will be running nodes than actual devs.
@cometwtf
Oh you didn't hear? Bitcoin testnet3 escaped from it's cage and can no longer be reset making it one of the oldest PoW chains to exist.
Cost to mine one tBTC is over $70 and takes six days to mine one.
Also there's a dope community
#sup
@deda_data
@NeptuneMonk
"The scarcity of testnet(3) BTC isn't the only valuable asset in testnet; testnet blockchain space itself is a scarce, valuable, asset. It's an asset that we can't easily make worthless"
- Peter Todd (Bitcoin Expert)
He's either trying to cover up how the federal reserve has control over the currency and government, or he's a complete idiot.
The fed prints money, and the government borrows from the fed. The unelected private banker fed runs the whole show.
Fees on mainnet are absolutely bonkers right now!
If you want to use an alternate payment method, email support or DM us on X, we can likely accommodate you.
This is what you have to do when you have a memecoin with no hashpower.
No devs. No application. No roadmap.
Testnet3 doesn't need salesmen we have a decade old Proof of Work blockchain with hashpower, devs and applications. H/t
@deda_data
@MotoswapBTC
@DevWagmi
@bayareacoins
He can't.
He sent an email to the bitcoin dev mailing list calling for a reset because testnet now has value associated with it.
Some mailinglist participants agreed, some didn't.
@provoost
indicated it could potentially be rolled out in v28 in Q4 2024.
@theonevortex
Read the bitcoin wiki again.
It's not SUPPOSED to have value, but that was back when core devs followed roadmaps.
Letting testnet go un-reset for 10 years was their choice, on a PoW chain with scarcity. The value came naturally.
Buyers want to buy, we aren't scamming anyone.
@bc1plainview
@zacxbt
@lopp
Per the bitcoindev mailing list they plan to add tesetnet reset code as early as Core v0.28 around October 2024. Just wait a day and one of us can fork it and update chainparams.cpp to remove the reset code and v3 survives!
Needed tBTC last week for some testing so I bought some (because apparently you can do that now and I gave most of mine away). After I was done with it I went to sell it back and to my surprise for nearly a 100% more that what I paid... what stage of the cycle is this?
@zerohedge
1. FICO models are proprietary and not up to President.
2. Medical debt has always been partitioned separate from typical revolving and installment debts and would only minutely affect credit score.
3. You can still be sued for unpaid medical debt.
4. Nothing new, status quo.
@checksum0
@mikeinspace
Those that value the chain will defend it when under attack. Attackers get to waste money in the meantime. As the sentiment in the mailinglist suggests, it's not worth attacking a decentralized PoW chain, they are built to disincentivize attackers which is what makes them so
@CryptoBank20
@ElizabethOls0n
Lots of mew projects using testnet bitcoin. Faucets are running dry, but you can get large amounts of testnet bitcoin for cheap!
🚀💥 BREAKING
Did you know it costs $274 to mine a single tBTC, yet it's currently priced under 40 cents? 🤯
With a mining subsidy of just 0.006 tBTC/block and a difficulty of 255M
#testnet3
scarcity and value has become unstoppable! 🌐⚡️
It's so decentralized it will persist
You need at least 21.48 tBTC to fully test your app can handle integers larger than 32 bits which is the MAX for mysql integers.
Good luck getting that much from a faucet.
Mining with an S19 will take more than 86 days to get 21.48 tBTC and $600+ in energy costs.
BE SURE TO FINALIZE YOUR ORDER AFTER SENDING TO YOUR DEPOSIT ADDRESS OR WE WONT KNOW WHERE TO SEND YOUR tBTC 📢
Contact support if you need help or have issues.
Why Testnet Faucets Don't Provide Enough For Testing Puproses.
If there are 100,000,000 sats in one bitcoin what is the largest satoshi value a 32-bit database can handle?
Find out the answer in our article:
Core devs giving up on resetting testnet3 has given birth to the first rogue blockchain.
Nearly $600 to mine 1 tBTC due to rising difficulty but still trading under 40 cents each because a specific group declared it "valueless" while simultaneously hoarding the scarce coins for
We are either the best marketers in the world to highlight the value of testnet, OR the value came naturally due to scarcity, proof of work, and market dynamics.
Which one do you think it is?
@buytestnet
It's supposed to have extremely little value other than for use in testing applications on the bitcoin network.
How long it's been around is irrelevant cause it's a TEST TOKEN.
Buyers only want to buy because of the lies in your "marketing" of a test token.
YOU ARE A SCAMMER.
@wsfoxley
@SamouraiWallet
🔥 Another reminder of the risks in the Wild West of crypto. If you're in this space, compliance isn't a choice—it's a MUST. Regulation isn't the enemy; it's the gateway to legitimacy. Play by the rules or face the consequences.