Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12715.

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: ?? on ??

Quote from: ImI on November 14, 2018, 09:27:01 PM

Quote from: DaRude on November 14, 2018, 09:20:32 PM

Quote from: ?? on ??

Quote from: Searing on November 14, 2018, 09:01:21 PM

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan.

Step 1 pretend Satoshi, Step 2 buy big into fork while cheap step 3 use some of the personal funds to intimidate during fork, Step 4 control shitcoin and pretend it's new Bitcoin Step 5 be richer than at step 1

For faketoshi, I think it just comes down to this -

itod

legendary

Activity: 1988

Merit: 1077

Honey badger just does not care

If that idiot Faketoshi outwits the snake Jihan I will eat the hat from my avatar. Hate to admit it, but I'm cheering for the Bitmain swindler in these shitfork wars.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: DaRude on November 14, 2018, 09:20:32 PM

Quote from: ?? on ??

Quote from: Searing on November 14, 2018, 09:01:21 PM

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: ?? on ??

Quote from: Searing on November 14, 2018, 09:01:21 PM

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Searing on November 14, 2018, 09:01:21 PM

Quote from: JayJuanGee on November 14, 2018, 08:10:43 PM

Quote from: jbreher on November 14, 2018, 04:25:32 PM

Quote from: JayJuanGee on November 14, 2018, 04:08:35 PM

Quote from: jbreher on November 14, 2018, 01:33:05 PM

Quote from: theymos on November 14, 2018, 01:04:14 PM

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.

https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Yep. There can be a flash of hashpower, and then a question whether the hashpower is sustainable, so even if you can answer questions of ready and able to deploy in the affirmative, you may not be able to answer the questions about willing to deploy until you see the hardfork actually occur.. .that is if such hardfork actually does take place.

So, I am not going to treat a maybe and a perhaps as if it already has happened when it has not happened, yet. You can also tell me that I am wrong.. blah blah blah... but that is just the way I roll in terms of not assigning 100% to events that might only be 75% or 85% or 95%, if we are going to give them some benefit of the doubt that they really are going to do what they say they are going to do.

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

https://cash.coin.dance/blocks

this is not gonna end well..press wise...fud wise...nor crypto wise Sad

I would NOT be presuming to know what is going to happen in terms of actual hash rate deployment, when push comes to shove and the rubber hits the road. just as bitserve asserted a few pages back. The hash war has not even started yet.

Miners are merely in a current game of posturing, but does not conclusively indicate that they can either employ or sustain the amount(s) of hash power that they are pre-fork posturing.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: QuestionAuthority on November 14, 2018, 06:56:49 PM

Quote from: JayJuanGee on November 14, 2018, 04:38:37 PM

Quote from: QuestionAuthority on November 14, 2018, 02:12:18 PM

Quote from: jbreher on November 14, 2018, 02:10:17 PM

Quote from: QuestionAuthority on November 14, 2018, 01:54:32 PM

Quote from: jbreher on November 14, 2018, 01:48:27 PM

Quote from: QuestionAuthority on November 14, 2018, 01:39:03 PM

Quote from: jbreher on November 14, 2018, 01:33:05 PM

Quote from: theymos on November 14, 2018, 01:04:14 PM

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her.

I was just pointing out that theymos' blanket statement was erroneous.

Quote

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented.

Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like.

Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b.

Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton?

Both born into it. What's your point?

Bitcoin is easy to control.

SEC disapproval of Winklevoss ETF:

“The Winklevoss ETF proposal was rejected because the SEC found that the significant markets for Bitcoin tend to be unregulated overseas markets that are potentially subject to price manipulation.”

Who gives a ratt's ass what SEC finds or says or approves or disapproves?

I’m pretty sure the SEC cares and I know the Winkledouches care.

Yeah? But who else? Anyone that matters?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: QuestionAuthority on November 14, 2018, 06:51:27 PM

Quote from: JayJuanGee on November 14, 2018, 03:40:29 PM

Quote from: QuestionAuthority on November 14, 2018, 01:11:14 PM

Quote from: Astargath on November 14, 2018, 01:09:37 PM

Quote from: Topbanker on November 14, 2018, 12:57:57 PM

Quote from: Astargath on November 14, 2018, 12:56:16 PM

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Its the same impact as a president tweeting something about any company.

But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous.

It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Who is the "we" that you talk about?

And what are all of the supposed "wall street regulations"?

Bitcoin is hardly regulated...

Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs.

So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right? No general regulatory body covering world wide, either.

Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have?

But that would hardly qualify as a "we" would it? Neither in kind of regulation nor amount of regulation. What am I missing about your seemingly vague point?

Calm down Jay, it was a joke. No need to bring out the Great Wall of china.

We don't joke in this thread.

Wow.... Been awhile since you been around... go figure. Roll Eyes

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: JayJuanGee on November 14, 2018, 08:10:43 PM

Quote from: jbreher on November 14, 2018, 04:25:32 PM

Quote from: JayJuanGee on November 14, 2018, 04:08:35 PM

Quote from: jbreher on November 14, 2018, 01:33:05 PM

Quote from: theymos on November 14, 2018, 01:04:14 PM

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.

https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Yep. There can be a flash of hashpower, and then a question whether the hashpower is sustainable, so even if you can answer questions of ready and able to deploy in the affirmative, you may not be able to answer the questions about willing to deploy until you see the hardfork actually occur.. .that is if such hardfork actually does take place.

So, I am not going to treat a maybe and a perhaps as if it already has happened when it has not happened, yet. You can also tell me that I am wrong.. blah blah blah... but that is just the way I roll in terms of not assigning 100% to events that might only be 75% or 85% or 95%, if we are going to give them some benefit of the doubt that they really are going to do what they say they are going to do.

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

https://cash.coin.dance/blocks

this is not gonna end well..press wise...fud wise...nor crypto wise Sad

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Quote from: LFC_Bitcoin on November 14, 2018, 04:02:43 PM

Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.
In mid to late 2019, I will explain it.
It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

I am not a man prone to violence, but when I see outright blatant lies like this, I really want to clock that fart-huffer square across his moisturized cheek-bone.

I take some solace in knowing this lunacy will likely come to some sort of conclusion, within the next 48-72 hours.

I doubt that we really know for sure how long the drama will play out. Sure, it could dry up quickly, but it might not, too. I would not be counting my chickens too soon.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jbreher on November 14, 2018, 05:23:44 PM

Quote from: bitserve on November 14, 2018, 04:57:26 PM

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

You trying to assert that miners don't know their own business and their own hashing capabilities? They might not know exactly in a granular way, but they should have a pretty sense about how much hashpower they are using and how such hashing power is currently allocated and how much they can ramp up more hashpower if they need to (or want to) and how much they are ready, willing and able to divert from one project to another.

They might not know exactly what others have, but they likely have a better sense than folks who are not daily engaged in such mining business. Most sophisticated miners are likely tracking the actual hashpower of their competitors and their allies (and comparing those trackings with claims that are made about hashpower capabilities).

d_eddie

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Activity: 2520

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Quote from: Ibian on November 14, 2018, 08:33:58 PM

Quote from: d_eddie on November 14, 2018, 08:29:07 PM

Quote from: jbreher on November 14, 2018, 05:20:36 PM

Quote from: HI-TEC99 on November 14, 2018, 04:55:10 PM

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

Not if the blocksize is out of control.

I think even Satoshi said somewhere that it's not realistic in the long term?

He did, and the size has grown some indeed, even after the temporary hard limit to 1 MB. But can you imagine blocksize varying with emerging consensus? It can go to the moon immediately when the big fish fancy kicking everybody else off the validating business.

Torque

legendary

Activity: 3794

Merit: 5474

I'm so glad that Tim Berners-Lee is still around so we can all consult him on how best to use the Internet going forward.

It's vital that we adhere to "Tim's Original Vision", because there aren't any other smartpeople^TM around to think about it for themselves.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Spaceman_Spiff_Original on November 14, 2018, 05:57:23 PM

Quote from: HairyMaclairy on November 14, 2018, 01:25:05 PM

Quote from: JayJuanGee on November 14, 2018, 01:10:17 PM

So I would not become too self-congratulatory and smug if I were you

Good advice. I will probably eat dirt on the next trade.

I had been waiting for a long long time to put on a sizeable leveraged short if it went under the trendline at 6050-6100 or so, thinking it would go very fast all of a sudden, yet when the moment came... I just didn't. I just sold a little and then I thought, I will wait for a little while now, best not to make any rash decisions all of a sudden... It continues to baffle me how my mind can play tricks on me. Now I am left wondering why I didn't carry out my plan...

I feel you, man.

What works for me is setting up the orders in advance after working out the math (worst case analysis in particular). It's relieving, and once in a while you get a nice surprise - like Hairy, who said something about waking up to a handsomely plumped up account.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: d_eddie on November 14, 2018, 08:29:07 PM

Quote from: jbreher on November 14, 2018, 05:20:36 PM

Quote from: HI-TEC99 on November 14, 2018, 04:55:10 PM

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

Not if the blocksize is out of control.

I think even Satoshi said somewhere that it's not realistic in the long term?

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: LFC_Bitcoin on November 14, 2018, 04:02:43 PM

Craig Wright is tweeting literally every 10 minutes tonight

Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.

In mid to late 2019, I will explain it.

It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

Sorry. You allowed Core to kill BTC.

I did try and stop you.

He's getting fuller and fuller. I hope he bursts far from the fan.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jbreher on November 14, 2018, 04:42:19 PM

Quote from: bitserve on November 14, 2018, 04:37:08 PM

Quote from: jbreher on November 14, 2018, 04:33:45 PM

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?

They certainly could be holding back on mining power, too, in order to strategically deploy it. You should know that much, at least. Tongue

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: jbreher on November 14, 2018, 05:20:36 PM

Quote from: HI-TEC99 on November 14, 2018, 04:55:10 PM

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

Not if the blocksize is out of control.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jbreher on November 14, 2018, 04:31:18 PM

Quote from: JayJuanGee on November 14, 2018, 04:18:45 PM

Quote from: jbreher on November 14, 2018, 01:40:25 PM

Quote from: Astargath on November 14, 2018, 01:29:01 PM

Quote from: jbreher on November 14, 2018, 01:20:33 PM

Quote from: Astargath on November 14, 2018, 12:56:16 PM

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.

That's ridiculous.

Now decentralization is not important?

That's not what I said at all. What I am trying to say is that decentralization is not the holy grail. Decentralization is merely a means to an end. Decentralization is valuable only in that it serves the ability to transact in a permissionless trustless manner.

Quote

Seems like bitcoin's pow is of central importance in bitcoin

Absolutely. A principle that has never been tested in practice. A principle that is seemingly about to be demonstrated conclusively.

Why u drama so muchie, jbreher?

There is no major pending test that is imminent in bitcoin. There is shenanigans in bcash, and there are various hyperbolic points about bitcoin being defective in various kinds of supposed ways, but really the proof of work in bitcoin has been an amazing feature that continues to prove itself. Yes. Go ahead and divert hashing power, and let's see? There has already been quite a few tests of bitcoin in regards to hashing power incentives, and I will not discount that bitcoin will continue to be challenged in terms of whether its POW is going to keep the incentives and the ongoing building of bitcoin hashing power - even during periods of miner attacks and diversion efforts on chains with similar algorithms.

So far bitcoin's pow has been working quite well, even while you (and your buddy craig) want to suggest that bitcoin is broken in some kind of way or that you have some kind of Ace in the hole that you are going to be able to pull out to show bitcoin as being defective in some way. Again, I will believe it when I see it.. otherwise, bitcoin seems to be quite the wonderful innovation that continues to have great alignments of incentives while being able to stave off ongoing attacks.. at least, so far.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: jbreher on November 14, 2018, 04:25:32 PM

Quote from: JayJuanGee on November 14, 2018, 04:08:35 PM

Quote from: jbreher on November 14, 2018, 01:33:05 PM

Quote from: theymos on November 14, 2018, 01:04:14 PM

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.

https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Yep. There can be a flash of hashpower, and then a question whether the hashpower is sustainable, so even if you can answer questions of ready and able to deploy in the affirmative, you may not be able to answer the questions about willing to deploy until you see the hardfork actually occur.. .that is if such hardfork actually does take place.

So, I am not going to treat a maybe and a perhaps as if it already has happened when it has not happened, yet. You can also tell me that I am wrong.. blah blah blah... but that is just the way I roll in terms of not assigning 100% to events that might only be 75% or 85% or 95%, if we are going to give them some benefit of the doubt that they really are going to do what they say they are going to do.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

https://bitcointalksearch.org/topic/should-the-community-ban-people-like-btcexpress-when-they-screw-over-everyone-44189
Should the Community ban people Like btcexpress, when they screw over everyone?
nothing new under the sun

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12715. (Read 26714333 times)