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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11923. (Read 26711860 times)

legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
[...]Lightning Network is an exact replica of the current banking system [...]

You have to upgrade your thinking.... Roll Eyes

No room for upgrade

As not in NAZIthinking
As not in valueble asset thinking
As not in woman thinking
As not in *can’t disturb the WO* thinking
As not in many things

He’s fully upgraded for TROLLING

Only it seems he’s not willing to TROLL in the place special created for him Roll Eyes

What are we gonna do Grin
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
[...]Lightning Network is an exact replica of the current banking system [...]

You have to upgrade your thinking.... Roll Eyes

You people are clueless if you think all Lightning nodes that route transactions won't be run and controlled by the banking entitites that already exist.  They can simply make it that way with the stroke of a pen.  Banks are not traditionally in the semiconductor business, so that has slowed their ascent of taking control of bitcoin mining, but Lightning doesn't require mining.  It's the playground of their already existing business model, to just insert themselves in as middlemen by regulation with the following result:

Banks collect infinite interest by taking a cut of every transaction with no skin in the game and own the planet.
legendary
Activity: 3122
Merit: 1538
yes
[...]Lightning Network is an exact replica of the current banking system [...]

You have to upgrade your thinking.... Roll Eyes
legendary
Activity: 2184
Merit: 1540
Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

Forget about burglar. stay away from Gold diggers  Grin
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
^
add a price Maybe..... its a good way to get back into BTC perhaps
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
^
To quote me other thread THX in advance
Troll r0ach
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow


You are the last person on earth (besides JayJuanGee) qualified to determine whether Lightning Network is a scam or not.  It does not matter how you attempt to spin it, Lightning Network is an exact replica of the current banking system that already exists with all of the same negatives.  It would be the banker's greatest dream for everyone to use Lightning Network.  

There's too much to explain about why it's complete garbage, but just one example in particular involves transaction validator nodes.  In the base bitcoin model this is going to be the miners and the miners are required to compete in terms of economic soundness and efficiency in their operation.  Since the state is the bankers, they can then implement huge red tape and regulation, killing off any 'hobby' miners or really any competitors in general except themselves.

So it's pretty easy for the banks to completely control bitcoin already as is with blacklists and everything else, turning into a complete dystopia, but they do have at least some small inconveniences in their way.  With Lightning Network, there IS NO hashing for them to do, they can simply regulate everyone else out of existence with red tape, then they control ALL Lightning router nodes and collect their vampiric usury fees off every transaction with no skin in the game.  In other words, there's ZERO difference between that and current banking.  Banks collect infinite interest by taking a cut of every transaction with no skin in the game and own the planet.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
newbie
Activity: 9
Merit: 1

How do you secure your security seed? Honest question

Writing/engraving it down in multiple places of trust. No photos are allowed.
Also switching around a couple of words, would "secure" the seed in the event of an intruder finding it.
Need to remember which words of course.

Thanks for the reply!

So isn't the same securing a paper and HW wallet?
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
So, while things are not in the bull zone yet, do you not think it 'possible' (as my hopium-addled brain thinks) that this is finally the beginning of the end?

Yes it is definitely the beginning of the end.  The problem is, "the end" is quite a large mind space.  It will likely take up most or all of the 2019 calendar year.  

Personally, I am thinking a dull sideways, but slowly upward grind (sure, with fits and starts) from here to the end of this year. Not a bull run yet - but past the definitive end of the bear market.  

Too optimistic for me.  We have no foundations on which to build a bull run yet.  And we need to break the bearline.  Those foundations could form tomorrow, but they are missing for now. 

I think too many people would rather buy at 3XXX and risk it dipping than be forced to buy at 4K or 5K if Bitcoin has a French Weekend when they aren't watching.

Yes, it is critically important to be hedged against the upside.  

If there is to be a new ATH, according to pattern - with the order of increase we saw between the last two, then (to extrapolate) what is the difference buying at 3K or 2K if it might hit 50K inside 2 years?

I have said before, we could hit $280k by December 2021.  I still think this is possible.  
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2688
Merit: 2470
$120000 in 2024 Confirmed
legendary
Activity: 3346
Merit: 1618
#1 VIP Crypto Casino
Does nobody keep their coins in their passphrase protected wallet.dat

I’ve never had any issues. I only use that laptop to store my coins. Never had a problem, I do no other tasks on it, it helps that I’m not an idiot who clicks suspicious links & downloads movies/torrents etc.

I’ve seen some sad stories on here over the years of people losing their life savings, it’s neaely always major user error though. People downloading bogus Electrum wallets, trying to claim shit coins etc.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

That would mean that your seed is already compromised  Grin


so if its wrinkled they have to get it HARD as well to read them all ?

W...E...N...D...Y

WELCOME TO JAMAICA AND HAVE A NICE DAY!
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.

so if its wrinkled they have to get it HARD as well to read them all ?
legendary
Activity: 2702
Merit: 2053
Free spirit
Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis

How do you secure your security seed? Honest question

Writing/engraving it down in multiple places of trust. No photos are allowed.
Also switching around a couple of words, would "secure" the seed in the event of an intruder finding it.
Need to remember which words of course.
hero member
Activity: 617
Merit: 509
Crypto Card - https://platinum.crypto.com/r/28cz7d
In January 2017, after 3 years of hodling, i really wanted to sell all my crypto and have a good night sleep and normal life. But I didnt. Now, i have the same feeling, just sell all crypto and finally sleep peacfully. But i wont... Maybe the end is near, maybe we wont go to 1k.
e

It will all be worth it in the not too distant future. I’ve been HODLING since 2015, there has been lots of times I want to sell it all & stop wasting my life checking the price. I really think we’ll see over $50,000 per bitcoin after the next halving though. I’m probably going to sell a large portion then & buy a big house & retire.

I took a nexo loan so could enjoy my life a bit now, and wont need to sell BTC and go back to work, but damn, this bear market is getting on my nerves!
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
No volume at all... nobody willing to sell at these prices? Bullish!  Cool
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