Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13624. (Read 26715644 times)

You don't seem to get it do you?  Money is a zero sum game of enslavement.  All forms of money are ledgers where the haves enslave the have-nots.  I explained it thoroughly in my post.  The only difference is that some forms of these ledgers like fiat require violence to force people to use them or it falls apart because...people refuse to use it.  

Bitcoin has the same problem.  If you have 20.9 million shitcoins and I only own 1 shitcoin, I'm definitely not going to volunteer to be your slave because you have more imaginary, valueless tokens than me (which is why you constantly see people boycotting things like Darkcoin and it's masternode owners).  I would simply bypass your system and refuse to use it, either by making my own shitcoin or just using something else.  The only way you could stop me is violence.  

This is why any system of money based on artificial scarcity is garbage.  They're all easily bypassed without a monopoly of violence forcing people to use them.  If I hoard all the physical silver in the world, you cannot simply bypass me, and me having 999 units of silver and you having 0 units actually does make you my slave (unless you plan to go back to hunter gatherer civilization).  As you may have guessed by now, it's easier to enslave other people using silver than gold because gold has far less intrinsic value/use case.  The bankers are currently playing the wrong side of the fundamentals game there, which will inevitably revert with silver importance drastically increasing compared to gold.

https://99bitcoins.com/bitcoinobituaries/

So it has died 315 times now.

And the next 24h are critical.

Another reason why we need bitcoin!

Rats chew up ₹12,000,000 (USD 17,614) in cash at an ATM in Assam India

https://i.imgur.com/JehL48nl.jpg

Did you understand the statement "international asset"?
What you think what is "a real world good with intrinsic value"?
BTW why would you enslave anyone?

http://pizarroisp.net/

edit oh hey there's even a thread right here: https://bitcointalksearch.org/topic/m.39844787

Bullshit statement.  Gold and silver are NOT "money of last resort".  Physical commodity currency is the only real money that exists.  It just so happens scams that do not represent any type of real world goods or wealth such as fiat and bitcoin have seemingly positive traits like less friction (i.e. the ability to transfer imaginary 0's and 1's around faster).  But you're not actually sending any type of wealth, it's just a meaningless ledger that says:  I have 999 units of imaginary, valueless garbage in my account and you have 0 units, so you are now my slave and must do my bidding.

Except your imaginary digital units have no valid Schelling point because it's based on artificial scarcity and anyone can create a new shitcoin to bypass you.  So no, nobody is ever going to be your slave while using fake money based on artificial scarcity unless you can also enforce that zero sum game slavery ledger with violence on top of it.  

The only way you're going to enslave anyone by having more arbitrary chits in your account than them without using violence to prevent them from bypassing your ledger is by using a real world good with intrinsic value that people actually need and they cannot bypass. You know, like hoarding all the physical silver as hostage and forcing them to pay ransom to get it.

No, Bitcoin Won't Use Up All The World's Energy



https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/

Yes, I may need to go and search again.

What I tend to find is the cheap, high capacity sites don't allow me to do hardly anything on their server except run their Cpanel type of apps. Instead of install my own version of Linux, ssh in and set up my own access controls.

Though I've been using this server for 5 years so ya...likely due for an upgrade.


Would love to hear about some of these cheap, large hard drive VPSs out there though if someone wants to share.

I wonder what makes BitTorrent worth $140 million.

Using Bitcoin. =)

Bitcoin is not a trustless system.  If you can't hold it in your hand and defend it with a machine gun, you don't own it.  Shitcoins all have built-in middlemen, don't remove counterparty risk, and rely on numerous external parties to function at all.  It is ENTIRELY out of your control whether your imaginary tokens will remain sendable/usable, or still exist in the morning.

Perfectly timed hack - such FUD.   Why do people keep building trust into trustless systems?

The miner's break even price point speculation is as accurate as top/bottom calling. No one knows and it's different for each miner. As far as algo change, that's a nuclear option, and like the real nuclear weapon just having it is enough of a deterrent. That option was floated when Bitmain got too ballsy and tried to corner the market with their asicboost. Community responded with UASF and segwit to level the playing field. That worked to a degree, Bitmain went to spin off bcash, and we didn't have to use the algo change. Long term, Moore's law will hit and the playing field will level out. Until then it'll be a bumpy ride, but should get smoother with everyday.

As far as being forced to do it, that's very unlikely for BTC. That's how they used to kill shitty alts, throw a ton of hash power at an alt, wait for difficulty adjustment and then drop off, reducing the hash+increasing difficulty resulted in increased time between blocks to the point where alt was unusable, and rest of the network would have to mine at a loss until next difficulty adjustment. The insane hashrate of BTC makes it very unlikely and cost prohibitive. Plus this move would be offset by the market increasing their transaction fees which would make mining more lucrative  again.

I thought that we were planning to make up soon and to let bygones be - at least for the time being.

As you should realize, I hardly have any interest in your topic about the supposed many negative aspects of segwit and your supposed understanding of a cost/benefit analysis weighing against segwit.  You probably understand that your segwit bashing is a kind of wheels spinning endeavor that borders on off-topicness and shit coin pumping rather than really attempting to discuss meaningful bitcoin issues... and segwit is a part of bitcoin, not some stupid ass proposal that you would like the community to reject (not even a realistic option).

You can choose to believe what you like in regards to the supposed negative aspects of segwit and to invest into bitcoin or not based on your perception of its direction.  

In essence, I don't expect you to give up on your bitcoin bashing, especially since it seems that you have been attempting to emphasize several supposed bitcoin negativities for quite some time?  2 years or so, perhaps longer?  

I recall  that you got more heavily supportive of some of the segwit bashing in early 2017.. and seems that you were a BIG blocker tard a while before that (perhaps as early as early 2016) and of course when bcash became the preferred BIGBLOCKtards preferred bitcoin bashing vehicle (in July 2017 and moreso thereafter), you certainly jumped onto that attack vector train with seeming ease frequently employing the royal "we" perspective to argue your nonsensical BIGBLOCKER talking points and ongoing harping about the direction of bitcoin (while supposedly still investing in bitcoin as a "hedge?").

O.k.  I understand that the some prices are more subject to negotiation than others, and if you are in a retail store, sometimes they will be wiling to take less for products if you make a reasonable offer.  Of course, a private sale between principles who have the authority to bind the terms will have more flexibility, if they are willing, and when push comes to shove, some terms might be more flexible than others, and perhaps, you might be willing to give a greater value to legacy (non-segwit tainted) coins? But, likely in the end, if we negotiated all of the terms except for whether payment would be by legacy or segwit tainted coins, you may well recognize that the coins have the same value and are likely to have the same value for quite a period into the future - and there may even be times in which segwit coins are going to have more value because they have more flexibility in terms of lower fees, faster transaction times, lightning network compatible and perhaps some multi-sig and other programabilities.  For the sake of this argument, you might posture that the value to you is different, but you have already admitted that you would do the same price in the earlier referenced post.

Elwar, stop trolling.  First it's trolling about seasteads, claiming building a floating raft is going to make you exempt from govt control, even though they're not economically viable to build in the first place even IF that was true, now it's trolling about the word "money", bringing the Orwellian tactic that words have no meaning and everything is just subjective.  There's a reason things like fungibility are required, because it's nothing but a system of control and lack of general acceptability without it.

More Bcash double spendings  

https://doublespend.cash/

While I understand your frustration, 10TiB costs about 0.02 BTC in today's marketplace.

Yeah, some people here needs to do that ore they need to follow them on Twitter. Valuable information.

More fungibility will be added to Bitcoin with projects like; LN, MAST, Schnorr signature aggregation, MimbleWimble, TumbleBit.

And Segwit opens the door to those projects, it will not only add more fungibility but also lower fee's, privacy, scalability and security.

Tron bought BitTorrent