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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20900. (Read 26707885 times)

full member
Activity: 167
Merit: 100


Heh ...... you mean Btc will crash to the earth and then starting to moon ? .... ye that is true ....
The rocket dont touch the earth Wink
legendary
Activity: 1092
Merit: 1000
bitfinix piling on the longs again..
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
It's bizzarre to me that anyone can claim that Bitcoin's PRIMARY utility is as a store of value. A store of value does not lose over 80% of it's market cap in less than 2 years.

Bitcoin needs to scale in order to survive. The people who sell bitcoin don't seem to think so. The people who buy Bitcoin absolutely do. Ever heard the saying "the customer is always right?"

I think eventually it will be seen as a store of value. Your "A store of value does not lose over 80% of it's market cap in less than 2 years" statement is taking a selective window of Bitcoin's total lifespan and highlighting its devaluation from the ATH. A similar selective view could be applied to many 'store of value' assets that went through booms and busts in their early days.

Of course it needs to scale and I don't think anyone is arguing it doesn't. You make some good points in many of your posts but I find your constant "scale or die" rhetoric to be a simplistic dumbing down of what is a relatively complex debate (you're displaying similar lines of 'intelligence' to President Bush's "You're either with us or against us" and "the axis of evil" chest beating after 911 and we all know how poorly much of that turned out).

Rather than just painting anyone that doesn't think XT has the right combination of attributes and backing as someone that's against Bitcoin moving forward, perhaps you could bring a little more clarity around the issues at hand to the discussion and dispense with such black and white judgement.

... so you felt the need to go ad hominem on him?

BJA can go off the rails now and then, but this is not one of those times. There are plenty here who doesn't want Bitcoin to scale. They want it to stay tiny and reserve the blockchain for bulk transactions or "just as a store of value"(What that value would be is kind of lost on me). What annoys ME is pussies who consistently talk about the "middle ground" as if it's the wise and reasonable choice in every situation, when really it's just a cop out for spineless people. BJA can be way off track sometimes, but at least he is prepared to plow his own track if need be.
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2604
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Welt Am Draht

Then I suggest that the procedure is applied to ibtimes until they point us in the direction of the fucktards. Then we hire one of those wonderful bitcoin-accepting "cleaners" on the dark web that I've heard so much about.


I've recruited a few myself to take out people who've dropped litter in my locale. After transferring a few thousand of my hard earned BTC the murders failed to go through. Most of the assassins said they were, like, totally grounded or snowed under with homework after I asserted my rights as a consumer.
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
It's bizzarre to me that anyone can claim that Bitcoin's PRIMARY utility is as a store of value. A store of value does not lose over 80% of it's market cap in less than 2 years.

Bitcoin needs to scale in order to survive. The people who sell bitcoin don't seem to think so. The people who buy Bitcoin absolutely do. Ever heard the saying "the customer is always right?"

I think eventually it will be seen as a store of value. Your "A store of value does not lose over 80% of it's market cap in less than 2 years" statement is taking a selective window of Bitcoin's total lifespan and highlighting its devaluation from the ATH. A similar selective view could be applied to many 'store of value' assets that went through booms and busts in their early days.

Of course it needs to scale and I don't think anyone is arguing it doesn't. You make some good points in many of your posts but I find your constant "scale or die" rhetoric to be a simplistic dumbing down of what is a relatively complex debate (you're displaying similar lines of 'intelligence' to President Bush's "You're either with us or against us" and "the axis of evil" chest beating after 911 and we all know how poorly much of that turned out).

Rather than just painting anyone that doesn't think XT has the right combination of attributes and backing as someone that's against Bitcoin moving forward, perhaps you could bring a little more clarity around the issues at hand to the discussion and dispense with such black and white judgement.

+1

Billy, don't panic my friend, believe me, we will scale and bitcoin will be super-fine.

We are all in the same boat with one target, to reach the higher ceils ever of what we can and we will do it.

As Amph said, we are just in a despair phase which sooner or later will be vanished.

Just give it some time and believe me, we as a people will get there Wink
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

If there ever was anyone who deserved to be DDOS'd to infinity and beyond it would be the coinwallet people. I think the Bitcoin community should all go together and pay for the CEO's apartment to be surrounded by PA systems that go "PING!" 120 times a minute each in order to "stress test" his ability to not jump out of the window.


I seriously doubt it's a real company and they probably wouldn't notice if their website was gone. Dunno who or what they are but being a proper Bitcoin company isn't one of them. There is absolutely no mention of them anywhere in relation to anything other than the stress tests.

Then I suggest that the procedure is applied to ibtimes until they point us in the direction of the fucktards. Then we hire one of those wonderful bitcoin-accepting "cleaners" on the dark web that I've heard so much about.
hero member
Activity: 658
Merit: 500
It's bizzarre to me that anyone can claim that Bitcoin's PRIMARY utility is as a store of value. A store of value does not lose over 80% of it's market cap in less than 2 years.

Bitcoin needs to scale in order to survive. The people who sell bitcoin don't seem to think so. The people who buy Bitcoin absolutely do. Ever heard the saying "the customer is always right?"

I think eventually it will be seen as a store of value. Your "A store of value does not lose over 80% of it's market cap in less than 2 years" statement is taking a selective window of Bitcoin's total lifespan and highlighting its devaluation from the ATH. A similar selective view could be applied to many 'store of value' assets that went through booms and busts in their early days.

Of course it needs to scale and I don't think anyone is arguing it doesn't. You make some good points in many of your posts but I find your constant "scale or die" rhetoric to be a simplistic dumbing down of what is a relatively complex debate (you're displaying similar lines of 'intelligence' to President Bush's "You're either with us or against us" and "the axis of evil" chest beating after 911 and we all know how poorly much of that turned out).

Rather than just painting anyone that doesn't think XT has the right combination of attributes and backing as someone that's against Bitcoin moving forward, perhaps you could bring a little more clarity around the issues at hand to the discussion and dispense with such black and white judgement.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht

If there ever was anyone who deserved to be DDOS'd to infinity and beyond it would be the coinwallet people. I think the Bitcoin community should all go together and pay for the CEO's apartment to be surrounded by PA systems that go "PING!" 120 times a minute each in order to "stress test" his ability to not jump out of the window.


I seriously doubt it's a real company and they probably wouldn't notice if their website was gone. Dunno who or what they are but being a proper Bitcoin company isn't one of them. There is absolutely no mention of them anywhere in relation to anything other than the stress tests.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
CoinWallet has already demonstrated their ability to perform a spam attack earlier this summer and I don't think they are bluffing about their intention of conducting another soon. I'd estimate the spam attack will start in the next week or two.

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

Quote
UK-based mining service CoinWallet is gearing up to conduct a stress test of the Bitcoin network in early September, which it said will likely render most standard wallet software "worthless" and create "nearly a 30-day backlog".

A CoinWallet representative told IBTimes in an email exchange: "I don't have a set date, but it will be early September. I'm too busy this month to fully devote a large amount of time to executing the 'test'.

Those were not real "spam attacks" because they used fixed and relatively low fees (0.2 mBTC/kB), so the backlog was easily bypassed by clients who knew what was going on.  

A real spam atttack will try to ajust the fees dynamically so as to keep some significant fraction of the legitimate traffic perpetually out of the blockchain, even while the legitimate clients adjust their fees to try to get through.  

At least that interview gave a plausible explanation for the "stress tests":  Coinwallet.eu has a wallet that, they claim, will correctly compute the fee needed to get through the traffic jams... that they create themseves.  Hum.  

It would be diabolically nice if someone else did a REAL spam attack during their stress test, so as to really test their supersmart wallet (and other supersmart wallets out there).  Their "stress test" may even save the spam attacker some coins...

If there ever was anyone who deserved to be DDOS'd to infinity and beyond it would be the coinwallet people. I think the Bitcoin community should all go together and pay for the CEO's apartment to be surrounded by PA systems that go "PING!" 120 times a minute each in order to "stress test" his ability to not jump out of the window.
hero member
Activity: 546
Merit: 500


Heh ...... you mean Btc will crash to the earth and then starting to moon ? .... ye that is true ....
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
YAY it's crashing and my long is still open. Thank god it's almost over.  Grin

if you are long, you want them to go up, right?

Nah I've already decided crypto is a shit investment. Maybe long term holding works for some but if you want a day trading experience it's expensive.

I'm not going to pull my money out though. I'd feel shame.
I will give it every chance it to redeem itself. But I'm just ready for it to end. I want it to either die hard or give me my money back ASAP. I will continue to try to "make money" fight the good fight. But really i'm tired of this game. It just looks like a ponzi scheme to me. But before I was playing computer games, at least now i've gotten a new hobby to kill time.

FYI I'm actually invested in Litecoin, I was making it not so bad back with bitcoin, and would have maybe broke even in fact, but I saw litecoin as a shortcut when it went up 4 dollars in a month.

Now Litecoin does exactly what Bitcoin does, & is not going up like it used to. That litecoin boom was and still IS a ponzi scheme. Litecoin is the shitcoin. Don't fuck with it.

But i'm a fighter so It's all or nothing for me. I'll gladly take nothing if only to move on with my life & stop wasting time circling my pathetic investment. lol.

The value to me is having learned quite a bit about economics.
Not everything, but allot more that I used to know. So i've gotten a good education, and I know the cryptocurrency thing is a dud, unless perhaps you're an experienced trader and know the market very well. There is quite a bit to learn and it's a 24/7 job.

Some Chinese turds have my money and they control the market. Chinese are the most devious people on earth. They are cunning. I live in China now, it's a "me first" greed fest from what I can tell, but then my Chinese isn't so good. Otherwise they are not such bad people. But they want money and authority with a passion, it's a nationalistic thing and unconscious passion just like everyone else.

Unless I can somehow reverse this death spiral, and which I will try, but highly doubt, I consider crypto a no-go, unless using it perhaps to transfer money in very tight periods of time.

BUT It's simply not a good investment from a layman's perspective, because it's expensive and complicated to buy, you have to go through 2 or 3 middlemen just to get it, then 2 or 3 middlemen to use it. It also depreciates allot more than it appreciates. If for example I asked my boss to pay me in bitcoin i'd be in bigger straits than with fiat.

It's just a stupid game / experiment to me. I'd never put in money I actually need to survive in this ridiculous ponzi scheme.

But I liked the idea of Bitcoin. But I kinda agree with Snowden. It's obviously flawed.

Death can be a relief. So either way i'm happy.

I await my margin call...  Grin


You are ridiculous and coming off as a bit trollish or at least disingenuous.

You make a whole bunch of unsubstantiated generalizations regarding Bitcoin in general and it's possible future market performance, in part seeming to be based on your bad investment luck and what appears to be considerable deficiencies in your outlook and expectations


hero member
Activity: 910
Merit: 1003
CoinWallet has already demonstrated their ability to perform a spam attack earlier this summer and I don't think they are bluffing about their intention of conducting another soon. I'd estimate the spam attack will start in the next week or two.

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

Quote
UK-based mining service CoinWallet is gearing up to conduct a stress test of the Bitcoin network in early September, which it said will likely render most standard wallet software "worthless" and create "nearly a 30-day backlog".

A CoinWallet representative told IBTimes in an email exchange: "I don't have a set date, but it will be early September. I'm too busy this month to fully devote a large amount of time to executing the 'test'.

Those were not real "spam attacks" because they used fixed and relatively low fees (0.2 mBTC/kB), so the backlog was easily bypassed by clients who knew what was going on.  

A real spam atttack will try to ajust the fees dynamically so as to keep some significant fraction of the legitimate traffic perpetually out of the blockchain, even while the legitimate clients adjust their fees to try to get through.  

At least that interview gave a plausible explanation for the "stress tests":  Coinwallet.eu has a wallet that, they claim, will correctly compute the fee needed to get through the traffic jams... that they create themseves.  Hum.  

It would be diabolically nice if someone else did a REAL spam attack during their stress test, so as to really test their supersmart wallet (and other supersmart wallets out there).  Their "stress test" may even save the spam attacker some coins...
full member
Activity: 167
Merit: 100
Only 338 votes? Come on guys, this poll is important
Quote
Question:   Core Vs XT
XT   - 101 (29.9%)
Core   - 175 (51.8%)
IDK   - 62 (18.3%)
Voting options
Total Voters: 338
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
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Hide your women
It's bizzarre to me that anyone can claim that Bitcoin's PRIMARY utility is as a store of value. A store of value does not lose over 80% of it's market cap in less than 2 years.

Bitcoin needs to scale in order to survive. The people who sell bitcoin don't seem to think so. The people who buy Bitcoin absolutely do. Ever heard the saying "the customer is always right?"
sr. member
Activity: 310
Merit: 250
So is this stress testing thing happening?

The only direct contact anyone has had with CoinWallet about it is ibtimes. All they were told is that it will be in early September. CoinWallet has already demonstrated their ability to perform a spam attack earlier this summer and I don't think they are bluffing about their intention of conducting another soon. I'd estimate the spam attack will start in the next week or two.

http://www.ibtimes.co.uk/coinwallet-plans-bitcoin-dust-attack-september-create-30-day-transaction-backlog-1515981

Quote
UK-based mining service CoinWallet is gearing up to conduct a stress test of the Bitcoin network in early September, which it said will likely render most standard wallet software "worthless" and create "nearly a 30-day backlog".

A CoinWallet representative told IBTimes in an email exchange: "I don't have a set date, but it will be early September. I'm too busy this month to fully devote a large amount of time to executing the 'test'.
legendary
Activity: 1092
Merit: 1000
guys.. discuss this thoroughly and make a careful consensus:

legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 146
Merit: 100
So is this stress testing thing happening?
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