Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12718.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: ?? on ??

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.

Fuck the lying bastard.

He has a history of breaking his promises.

Years ago he promised to transfer Bitcoin from “an early block” to prove he's Satoshi. He never did.

He's taking the piss expecting people to believe his new bullshit.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

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?

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: bitserve on November 14, 2018, 04:32:46 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.

Ok. Where do you think that hashrate increase is coming from? They were previously mining BTC? Is it leased hashpower?

Well, it is a fascinating question. And one to which I have no ready answer. I can imagine a number of possibilities, but they'd all be idle speculation.

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

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

Quote from: Torque on November 14, 2018, 04:25:45 PM

Quote from: jbreher on November 14, 2018, 04:12:32 PM

Quote from: Torque on November 14, 2018, 03:54:23 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

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.

RivAngE

full member

Activity: 728

Merit: 169

What doesn't kill you, makes you stronger

People wondering what's happening today, are confusing decentralised governance with decentralised prices.
Most coins have decentralised governance by their nature, but it'll take some more years until BTC becomes price-decentralised; right now few people control a lot of wealth and there's not enough liquidity to support the price, one whale can manipulate it as they want it.

As for today's fall, I don't believe Dr. Clown did it, he most likely wanted to make people FEAR that he might have tanked the market and that he has the power to do it again, that's why he tweeted this (https://twitter.com/ProfFaustus/status/1062751765601361923) AFTER the price had fell.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Torque on November 14, 2018, 04:25:45 PM

Quote from: jbreher on November 14, 2018, 04:12:32 PM

Quote from: Torque on November 14, 2018, 03:54:23 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

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

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

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.

Ok. Where do you think that hashrate increase is coming from? They were previously mining BTC? Is it rented hashpower?

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: jbreher on November 14, 2018, 04:00:23 PM

Quote from: infofront on November 14, 2018, 02:28:23 PM

Quote from: jbreher on November 14, 2018, 02:12:56 PM

Quote from: infofront on November 14, 2018, 02:00:27 PM

Quote from: jbreher on November 14, 2018, 01:43:03 PM

Quote from: infofront on November 14, 2018, 01:36:00 PM

Quote from: jbreher on November 14, 2018, 01:29:47 PM

Quote from: infofront on November 14, 2018, 01:04:18 PM

Quote from: jbreher on November 14, 2018, 12:59:11 PM

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

Yes, mostly useless. What do you think?

I think bitcoin has already proven itself to be useful as cash.

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

Agreed. So make the case that requirement is part of 'satoshi's vision'.

Fungibility is a fundamental and desirable property of cash - even electronic cash. If Satoshi's vision was "electronic cash", we cannot have that with a completely transparent, public blockchain and non-fungible units of currency.

Not bad. However...

Fungibility is not a binary property. It is a sliding scale. USD are not perfectly fungible. Is USD -- even in tangible form -- not cash?

Physical USD is fungible enough for most intents, and beats BTC in that area.

(BTW I just deleted your double post)

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

Quote from: infofront on November 14, 2018, 02:00:27 PM

Quote from: jbreher on November 14, 2018, 01:43:03 PM

Quote from: infofront on November 14, 2018, 01:36:00 PM

Quote from: jbreher on November 14, 2018, 01:29:47 PM

Quote from: infofront on November 14, 2018, 01:04:18 PM

Quote from: jbreher on November 14, 2018, 12:59:11 PM

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

Yes, mostly useless. What do you think?

I think bitcoin has already proven itself to be useful as cash.

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

Yeah... tell the whole fucking world. Roll Eyes

You know everyone reads this thread, and wants to know what you are doing. Right?

There goes your Opsec. Shocked

Sucks to be you. Tongue

Topbanker

jr. member

Activity: 157

Merit: 1

Quote from: aaroque2003 on November 14, 2018, 04:28:16 PM

Quote from: Torque on November 14, 2018, 04:25:45 PM

Quote from: jbreher on November 14, 2018, 04:12:32 PM

Quote from: Torque on November 14, 2018, 03:54:23 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

BCash DEF? BCash XYZ? BCash 123? BCash Phoenix? BCash SS (Slim Shady... get it?)

But then what if that too gets forked? Oh noes...it could go on, and on, and on, and...

BCash Phoenix.. LOL Cheesy

..

I believe BTrash i still open.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

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.

Dig Bicks

member

Activity: 348

Merit: 22

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

Quote from: jbreher on November 14, 2018, 04:12:32 PM

Quote from: Torque on November 14, 2018, 03:54:23 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

just bcash its all the same and when its there nobody will know or notice its there

aaroque2003

jr. member

Activity: 188

Merit: 7

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.

INDEED... !!!!!!!!! Perfectly explained and very well said Sir... Thank u..

aaroque2003

jr. member

Activity: 188

Merit: 7

Quote from: Torque on November 14, 2018, 04:25:45 PM

Quote from: jbreher on November 14, 2018, 04:12:32 PM

Quote from: Torque on November 14, 2018, 03:54:23 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

BCash DEF? BCash XYZ? BCash 123? BCash Phoenix? BCash SS (Slim Shady... get it?)

But then what if that too gets forked? Oh noes...it could go on, and on, and on, and...

BCash Phoenix.. LOL Cheesy

..

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: jbreher on November 14, 2018, 04:12:32 PM

Quote from: Torque on November 14, 2018, 03:54:23 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

BCash DEF? BCash XYZ? BCash 123? BCash Phoenix? BCash SS (Slim Shady... get it?)

But then what if that too gets forked? Oh noes...it could go on, and on, and on, and...

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

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.

El duderino_

legendary

Activity: 2744

Merit: 13647

BTC + Crossfit, living life.

Quote from: jbreher on November 14, 2018, 04:03:52 PM

Quote from: HI-TEC99 on November 14, 2018, 02:31:55 PM

Quote from: El duderino_ on November 14, 2018, 02:29:27 PM

But we have run out of toilet paper.

And we have a very grody bathrobe. Take that thing off, willya? It stinks! What with shit all over it and everything.

theres a moment in that scene that goes like :

NOW i SAY :

obviously you didn't saw the lebowski movie

AND GOT THAT BATHROBE TATTOOED ON MY ARM ITS NOT THAT BAD Roll Eyes

jojo69

legendary

Activity: 3388

Merit: 4775

diamond-handed zealot

I think 4650 will hold.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

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

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?

Seems like bitcoin's pow is of central importance in bitcoin that facilitates decentralization because it causes incentives for people who don't trust each other to mine and to secure a network that becomes secure and immutable because it is not controlled by any particular one of them nor any small group.

In other words, decentralization seems to be imbedded in the actual outcome of bitcoin and not the means to some other end that you seem to be amorphously referring to.

Furthermore, currently, it seems that bitcoin has become the most decentralized value mechanism to ever have existed (at least so far), so maybe just an accident that bitcoin has achieved such a high level of decentralization (that was by no way intended, according to your sharing of your profound moments of wisdom). Roll Eyes

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12718. (Read 26714193 times)