core

In this post: Justin Bones compares bitcoin to an emperor with no clothes and calls it fool's gold.

Mr. Bones also argues that tokens no longer provide performance, scarcity, censorship resistance or long-term security. He predicts that digital
Justin Bones, founder and chief investment officer of Cyber Capital, warned against investing in #bitcoin , calling it fool's gold In a detailed post on
X. In the post, Bones calls bitcoin an emperor with no clothes rather than a meme coin, and warns traders against taking #BTC investments seriously.
Bones believes that BTC has lost all its attractive qualities and will not last long. He argues that without capacity, scarcity, privacy, #DeFi and long-term security, the asset doesn't have a leg to stand on.
He also argues that bitcoin's other impressive qualities, such as censorship resistance, immutability, financial sovereignty and decentralization, have long been lost, and only other emerging assets have pioneered.
He further noted that: BTC was actually taken over by a relatively small group of people who managed to completely undermine the purpose, vision, and #core design of BTC. This did not happen without a fight. This story is now known as the block size debate, which culminated in 2017 with the victory of Bitcoin Core and the defeat of bitcoin.
He believes that one group is still in control of BTC, and unfortunately, traders are still unaware of the real state of affairs of the token. He believes that traders do not know what the tokens really represent. He further compared the current governance of BTC to the Github dictatorship and stated that unlike Satoshi's wishes, Core is preventing BTC from expanding its future mandate.
He further argued that bitcoin is currently only capable of about seven transactions per second and cannot be used for anything vital. He stated.

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In this article: China's National Bureau of Statistics reported slower-than-expected consumer price growth for the first 11 months, up 0.2 percent from a year earlier.

Analysts polled by Reuters had forecast prices would rise 0.3 percent in March, slightly higher than a year ago, instead of the 0.5 percent increase seen in March. Manufacturing prices fell for the 26th consecutive month, but the 2.5 percent drop in 11 months was less than the 2.8 percent forecast.
According to the National Bureau of Statistics, China's 11-month consumer inflation slowed from forecasts and #rose just 0.2% from a year earlier. Analysts polled by Reuters had expected prices to rise 10% in 11 months, rather than 0.3% in the 0.5-month period.
China's producer price index has fallen for 26 consecutive months. The 2.5% drop in 11 months was less than the 2.8% drop predicted by Reuters analysts. The decline in industrial goods prices was also small compared with the same period last year. #Core inflation, excluding volatile fuel and food prices, rose 0.3% over 11 months, compared with a monthly rate of 0.2%.
pork and fresh vegetable prices rose 13.7% and 10%, respectively. Ferrous metal prices fell 7.1% and the consumer price index of industrial producers declined. Prices of chemical raw materials fell 5%, while fuel and electricity fell 6.5%.
Erica Tay, director of macroeconomic research at Maybank, said that China's consumer price index deflation, although slightly declining, is still quite persistent.
She told CNBC that the accumulated inventories of manufacturers and finished goods were large and rising month after month.
The steady retail inflation near zero indicates that China's economy is suffering from weak domestic demand as wholesale prices remain at deflationary levels, the National Bureau of Statistics (NBS) said in a report. Domestic demand remained sluggish after 9 p. m.

Fitch Ratings downgraded China's GDP growth forecast for 2025 from 4.5% to 4.3% to 12.
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