Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11843. (Read 26716229 times)

oh man

I fear that you, my friend, are in for a very rude awakening.

WHAT Bitcoin fungibility?  There never has been any and there never will be.  All Lightning Network does is decrease fungibility even further where you go from non-fungible and barely functioning acceptance, to needing to ask permission to a bank for every single transaction.  The base bitcoin network is completely useless except for settlement between large financial entities.  This is not new news.  Hal Finney talked about this years ago.  For bitcoin to be anything but a useless niche product, you'd be using the complete dystopia known as Lightning network as I describe here:

https://bitcointalksearch.org/topic/m.49357146

I'm not even addressing this other complete nonsense about you complaining it's too hard to smuggle physical metals through an airport.  Percentage-wise, barely any of the general population even flies on airplanes, especially on a regular basis.  If for some absurd reason you think it's mandatory you have the ability to constantly smuggle around tons of gold to and fro on airplanes, then buy your own private jet like any important person would have that flies a lot.

@ roach, you really have nothing in your arguments regarding BTC fungibility vs PM's. Your claims are pure speculation that certain addresses will be blacklisted where miners won't touch it. That has not happened and it's not even close. Until an address or transaction is muted on the main chain or LN you're just spouting  your own conspiracy theory Armageddon fears.
Regarding middlemen/ transaction validators:
I've personally been taxed many times after arriving in airports carrying non personal PM's. If I try to hide them or refuse to pay the tax, my physical PM's get confiscated.  It's not possible to carry significant amounts of PM's abroad unless you figure out how to smuggle them in. There's just one example of a realized middleman for your physical PM's.
Today's commerce largely does not happen face to face with physical exchange and if I'm willing to travel to the merchant who is in another country, how will I avoid such middlemen. Do you suppose I should simply pay the tax on my PM's every time I fly?
Dystopia is believing we will all go back to carrying chunks of metal in our pockets again.
Since you want to fight this "war" and you seem capable enough to articulate, please tell, what future would you have for money if it were to unfold to your liking?

Really? Compared to what?

I think you are probably not as patient as you think.

Film: The Shawshank Redemption

ebook  here:
https://b-ok.org/book/3357592/434fec

Sadly I am not offended

Damn, I pretty patient when it comes to long term shit but this is getting ridiculous.

For sure.    Would not want to confuse anyone.    

Lack of real upward mobility does not imply the lack of opportunity for such. There are all kinds of reasons not to move upwards. Tribes exist that specifically avoid all contact with anything outside of their world, by choice.

You probably refer to a chart here:
https://bitcoinist.com/january-crypto-crash-nothing-new/

A drop in Jan 2015, 2016 and 2017, a little in 2018, most centered on Jan 12-Jan 18.
Timeline-wise we passed it already, which means nothing, of course.
Personally, I still think that we had our "January" effect in December.

I notice the giant faggot in the link sees no problem with being ruled over by unelected bureaucrats (authoritarianism), therefore, I proclaim myself as your new ruler and none of you should technically have any problem with that.  Hell, for all you know I'm already typing this from Brussels.

Bitcoin is not seasonal.

Remember the proclamation that we go up every November?

That did not work too well in November 2018.

I think that the pressure (lack of support) for down is greater than the pressure (too much resistance) for up. 

Does not mean that the price is going down.  Does not mean that I hope the price will go up.  Does not mean that I am selling any.  Does not mean that I am not going to buy more BTC if the price goes down. Does not mean that my stash of BTC is NOT big enough for me to be prepared for UP.

In other words, I have hardly no fucking clue, beyond a coin toss with the use of a coin that is slightly skewed towards down.

@ChristianJMay 3 hours ago (yes a right-wing weirdo guy, I'd guess) https://twitter.com/ChristianJMay/status/1087453385975087105

Brexit undoubtedly creating a headache for many firms, but amid the gloom:

- Majority of UK CEOs expect to boost headcount in 2019
- Record rise in number of graduate jobs on offer in 2019
- London office take-up at 4 year high
- Commercial property investment at 4 year high


counter: quite funny thread https://twitter.com/mac_puck/status/1087360379691380736
Brace for mega thread on "ALL THEM RULES INNIT" There is a type of of brexiter who is motivated not by xenophobia, or Empire nostalgia, or buccaneering trade fantasies, but instead by "all them EU rules". Sadly they can never name a single one. So I have done some research...

edit: more interesting different subject https://twitter.com/Douglas9162/status/1087483324782784512
My notes “Let my people go Surfing” by Yvon Chouinard (founder of Patagonia), ~25 things

Please repost it so I can be offended

Mrs V told me to delete a post. Sorry if I offended anyone. 

If it was nonsense, multiple people would post debunking it, but as usual, not a single person even attempts to because they know they can't.  They see even discussing issues like this as being detrimental to their "investment" and prefer to spam Andreas Antonoplous-style propaganda, lies, and slogans instead.  That Jbreher guy is a couple cans short of a six pack, but he isn't completely retarded and there's obviously a reason he sees LN as a non-solution as well.  He's just for some reason unable to articulate any reasons as to why, unlike I can.

Very Nice, Some real WO camaraderie
Belgian-flanders resto’s are very very good, but on the pics it didn’t look bad @all what you were having their, it all seems very very right their.... Nice view good food a perfect trip away
(I have never been in poland myself)

And when their are Some boring moments as right now btc-related, Then I do love to see Some real life value moments as well

@r0ach.... just cause I know its nonsense... gonna Maybe read that post tomorrow (very Maybe, @troll Department I would read it for sure, just saying)

Back into HODLsleep .....
good night WO’s

Edit: thx to cAPSLOCK and LFC whiteout you Guys I wouldn’t be able of sending a merit for this effort (of giving the thread Some real colour during boringness of BTC)

Btw: it seems you’re a younger couple as well (hope both coiners)

Ok Mic, I did say I would post...

First, Gdansk old town from the window:



The starter, langoustines - flambéed in brandy in a basil and cream sauce:



And my main was moules marinières, (but to be frank not quite as good as the Belgian ones I enjoy in Flanders).
 
However, I chose this place with you in mind as it has a giant letter on the ceiling, approprite for here:



Nite, dude. And stop bothering reading Roach's posts - most people here put him on ignore years ago


EDIT: Misspelled Gdansk!

Trollgoossens, I have created this specifically for you.  Since your knowledge of bitcoin is somewhere barely above zero, I would like to show you in simple terms why you're shilling for your own enslavement.  Show this to your girlfriend too and see if the two of you can rub two brain cells together to try and debunk me.

Why Lightning Network is complete fucking garbage - A lesson for caveman level dumbasses in this thread

Let's say for some reason people actually start to use bitcoin.  With it's limited on-chain scaling, this pushes transaction fees to $50, $200, $500, $1000, whatever.  This would push almost all commerce solely to Lightning Network. Now imagine you wish to purchase 100 ounces of physical metals from me (or any metal vendor on the planet) and pay with bitcoin and you do not already have a channel open with me (because why would you?).  This transaction cannot take place.  

How do you solve it?  You either spend an enormous amount of money opening a channel with me, which is the same thing as an on-chain transaction and runs into all the same scalability problems, OR you would pay a fee to a large financial institution who is connected to everyone that you're also already connected to have them route your transaction.  At this point the light bulb should be turning on in your head that tells you large financial institutions are even more powerful, and with a bigger monopoly over everything in the Lightning network than they are in the current, crooked, existing banking system.  

All using LN does is give them the power to abolish physical cash, track everything you do, and easily blacklist ANYONE'S funds the bankers don't like.  Even if you wanted to open a channel with me instead of routing through the bank, it's still COMPLETELY POINTLESS.  Lightning channels are not fungible with one another to spend.  Locking up funds in a channel with me just makes it so you have money that can't be spent or invested elsewhere.  You're incentivized solely to have one channel with all your cash in it opened with a megabank and nothing else.