Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12572. (Read 26713700 times)

Well sometimes any of us posting here could talk about percentages or amount or strategies, and the only thing i recall you disclosing related to strategies... such as hodl and buydl of BTC.. and maybe amounts related to games, but not amounts that you were buying or even how long that you have been buying.. even though that could be easy to miss some posts that might have gone over that.

Regarding myself, I have provided a bit more regarding percentages of BTC bought but usually not amounts, except every once in a while I might describe amounts as examples or maybe amounts of some transactions that I have done, for example in the context of debunking claims about slow transaction times and/or high transaction fees.

Speaking of trilema, what ever happened to Mircea Popescu?

A bit strange but made me think: https://www.epsilontheory.com/whats-your-metagame-an-open-letter-to-the-crypto-community/

Did you cite to Jamie Dimon why you aren't required to pay any tax/extortion to the Pharisee/Ashkenazi fake Jews at the fed from the profit?

http://www.quora.com/What-did-Jesus-mean-when-he-said-Render-unto-Caesar-the-things-which-are-Caesars-and-unto-God-the-things-that-are-Gods

"The governor was Pilate, who was also procurator, responsible to Rome for the collection of "Caesar's tax" in Judea. The chief priests who sent the spies were confident Jesus would condemn Caesar's tax, for taxation is identical to extortion and a violation of the Commandment of God, "Thou shall not steal?" The Commandment does not exempt the State nor its tax collectors from its unequivocal prohibition."

Yes, lots of words is what he uses.

But there is an interesting thought on what he calls the ‘Metagame’. In other posts, he describes the behaviour of a coyote encountering a group of humans. The coyote stares down the humans with an expression like ‘I do not care for you humans; I’m not afraid of you’. And puts his nose in the air, turns around and goes away.

The coyote wins this game.

But the humans get together and discuss what they saw. A threatening predator that shows no fear for humans and willing to confront them instead of running away scared at the first sight of humans. The humans vow to hunt this animal so that it’s numbers are decimated.

The humans win. The humans win the Metagame. The coyote is not able to understand that by winning the individual with his behaviour, it is losing the Metagame.

I guess that is what he tries to ask: how is the cryptocurrency community intending to deal with the humans called ‘king’ when taking away their claim on society’s money? How will it save itself from the wrath of the King?

You’ll have to read it all between the lines but I sense that the author understands the tremendous power of of the idea of cryptocurrency. But somehow considers it a lost cause if it’s community does not come to terms with the King on how to blend in and give the King the King’s due.

Personally, I think the King may have less teeth than envisaged. On the other hand, it does is a force to recon with.

This guy does a lot of deep thinking (with a lot of words to express it   ). It stems me positive to see some signs that he may be moving ahead in his thinking about cryptocurrency. We won’t make it just with this WO community (sorry guys).

Don't bother arguing with these fools as 99% of them are too lazy to have done any due diligence themselves and just hope that someone else will work on bitcoin and it will somehow make them rich.  From memory, when I did the estimates way back in the day, I think I came up with bitcoin needing 8 MB blocks in the long run to function as a global settlement system where transactions of around $10k or more are viable.

Is 2 MB blocks + LN equal or better to that?  No.  LN is an even more centralized, more permissioned version of bitcoin where they seek to transfer all consumer payments to.  So you theoretically CAN transfer most bitcoin traffic there, but LN doesn't actually have anything in common with bitcoin in the first place.  It's a totally different system.  It's like replacing bitcoin with bitshares and pretending it's the same thing.  But when it comes down to it, bitcoin transaction validators are designed to centralize, nullifying any reason for it's existence, so there's no point in even discussing building any 2nd tier layers on it.

Discussing LN vs bigger blocks is like discussing what color to paint the Titanic.  It's 100% impossible to create a decentralized digital currency where transaction validators don't centralize.

The current system where every user is a network node is not the intended configuration for large scale.  That would be like every Usenet user runs their own NNTP server.  The design supports letting users just be users.  The more burden it is to run a node, the fewer nodes there will be.  Those few nodes will be big server farms.  The rest will be client nodes that only do transactions and don't generate.

JJG is a nosey wanker, pretending he's talking about accumulation strategies, all the while estimating people's coin hodl for his little list.
It's not cricket.