Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12453.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Torque on December 01, 2018, 03:39:42 PM

Quote from: HairyMaclairy on December 01, 2018, 03:16:31 PM

Vitalik plays dumb
https://twitter.com/peterktodd/status/1068528442155515904

Supporters of all these altcoins are clouded by bias and are missing the very core of something: redundancy.

In that I can make a perfect clone of *any* coin now, including Bitcoin, give it all the features, attributes, security, and issue rate of a great coin, even with no pre-mine, I can give the very same "immaculate conception" as Bitcoin, etc., etc.

So with all of that, should this altcoin I create just automatically be deemed as having value? Just because I launch it into existence? No.

What it has is redundancy. To Bitcoin.

If I create a new clone of Linux is it better than Linux? No, it's just redundant.
If I create a new clone of an iPhone is it better than Apple's iPhone? No, it's just redundant.
If I create a new clone of Facebook is it better than Facebook? No, it's just redundant.

And on and on and on... redundant things are worthless things. See the recent fate of Google+ as an example.

Quibble: Having one or more redundant engines on a boat can be highly valuable.

Although going overboard is possible with anything.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: HairyMaclairy on December 01, 2018, 03:16:31 PM

Vitalik plays dumb
https://twitter.com/peterktodd/status/1068528442155515904

Supporters of all these altcoins are clouded by bias and are missing the very core of something: redundancy.

In that I can make a perfect clone of *any* coin now, including Bitcoin, give it all the features, attributes, security, and issue rate of a great coin, even with no pre-mine, I can give it the very same "immaculate conception" as Bitcoin, etc., etc.

So with all of that, should this altcoin I create just automatically be deemed as having value? Just because I launch it into existence? No.

What it has is redundancy. To Bitcoin.

If I create a new clone of Linux is it better than Linux? No, it's just redundant.
If I create a new clone of an iPhone is it better than Apple's iPhone? No, it's just redundant.
If I create a new clone of Facebook is it better than Facebook? No, it's just redundant.

And on and on and on... redundant things are worthless things. See the recent fate of Google+ as an example.

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

ulp

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

$200: An altcoin is anything other than ____?
$400: This rapper killed Coinye.
$600: Each transaction is [in]a block connected in these digital ledgers that enable crypto to work.
$800: This 3-letter chat app created a currency similar to its name Kin.
$1000: Which country created the Petro?
https://sludgefeed.com/cryptocurrencies-featured-on-jeopardy/

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: jojo69 on December 01, 2018, 02:44:02 PM

Quote from: phishead on December 01, 2018, 02:25:35 PM

Quote from: jojo69 on December 01, 2018, 12:50:22 PM

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

Roll Eyes

Hey whoa, I'm not trying to censor you, many of us here are good with XMR, most, however, have the r0ach on ignore and repeated quoting of him will get you ignored by many. I, for one, have zero bandwith for his autistic drivel.

You know that autists are among our most powerful weapons in the current state of the world, yes?

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: Last of the V8s on December 01, 2018, 03:18:57 PM

via Imgflip Meme Generator

via Imgflip Meme Generator

Some more to work with

Carefull with those beauty leggs... Grin

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Vitalik plays dumb

https://twitter.com/peterktodd/status/1068528442155515904

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

That's fair.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

I suggest that is self-defeating behaviour as the inflation rate prevents the currency from appreciating in value the same way that Bitcoin does, which would then allow transaction fees to support the miners.

But I am not currently invested in XMR despite holding some in the past, so this isn't something I feel strongly about.

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: jojo69 on December 01, 2018, 02:44:02 PM

Quote from: phishead on December 01, 2018, 02:25:35 PM

Quote from: jojo69 on December 01, 2018, 12:50:22 PM

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

Roll Eyes

Hey whoa, I'm not trying to censor you, many of us here are good with XMR, most, however, have the r0ach on ignore and repeated quoting of him will get you ignored by many. I, for one, have zero bandwith for his autistic drivel.

Oops! Misread how you intended it.. lol.

Yeah I haven’t been on this thread for a while and forget who’s who. I will do the same and just put him on ignore. Thanks for the heads up.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: HairyMaclairy on December 01, 2018, 02:47:07 PM

I like the idea of Monero but from a fundamentals POV, I object to its emission policy:

https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/d78tpgi/

The inflation rate is too high for it to be sound money at this time imho.

Monero's tail emission ensures that mining remains profitable despite any amount of traffic moving to 2nd+ layers. That's basically the whole point. You're trading some economic soundness for more protocol security.
This is particularly important for an altcoin like monero, where you don't see the kinds of volumes (and transaction fees paid to miners) as you see with bitcoin, and probably never will.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: Last of the V8s on December 01, 2018, 02:29:25 PM

Quote from: infofront on December 01, 2018, 02:22:34 PM

Quote from: kaeltr on December 01, 2018, 06:13:11 AM

#notfunny

I don't recall deleting any of your posts - at least not in the last 4-5 days.

whoops i gave him a good kicking thinking you'd purged him. may have to eat my hat.

*shrug* I seem to remember deleting some posts of his like 1 week+ ago, but it's hard to remember. We've had a couple bad waves of newbie troll posts, normally on price drops.
As you suggested, noobs have a greater likelihood of getting banned anyway. At least post a couple of "bottom" pictures or something before trolling.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

I like the idea of Monero but from a fundamentals POV, I object to its emission policy:

https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/d78tpgi/

The inflation rate is too high for it to be sound money at this time imho.

Bitcoinaire

sr. member

Activity: 696

Merit: 439

A nice read on how fundamentals are strengthening.

https://offthechain.substack.com/p/bitcoins-fundamentals-are-strengthening

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

Quote from: phishead on December 01, 2018, 02:25:35 PM

Quote from: jojo69 on December 01, 2018, 12:50:22 PM

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

Roll Eyes

Hey whoa, I'm not trying to censor you, many of us here are good with XMR, most, however, have the r0ach on ignore and repeated quoting of him will get you ignored by many. I, for one, have zero bandwith for his autistic drivel.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

via Imgflip Meme Generator

via Imgflip Meme Generator
Booze is flowing AF
Going the get real drunk
Btw come on BTC page parity NOW F***
Even bring my mini dogbadger to dinner (my GF did)

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Decisive victory to the bulls at the 15M, breaking up and out of the mini-bear pennant

Puts us back where we were two days ago at the 4H at the top of the larger pennant

And shows the bigger battle ahead at the 1D under the pressure of the yellow bear line

In the context of the broader market. Note the solid weekly volume. Weekly volume is high but daily is declining off an admittedly high base.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: infofront on December 01, 2018, 02:22:34 PM

Quote from: kaeltr on December 01, 2018, 06:13:11 AM

#notfunny

I don't recall deleting any of your posts - at least not in the last 4-5 days.

whoops i gave him a good kicking thinking you'd purged him. may have to eat my hat.

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: jojo69 on December 01, 2018, 12:50:22 PM

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

Roll Eyes

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12453. (Read 26716410 times)