Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13625. (Read 26715644 times)

Tron bought BitTorrent

Nope.

Jihan isn't my fuck-buddy. Indeed, I've never met the dude.

I don't recall that Segwit no longer allows for ASICboost.

I don't recall any credible evidence that Jihan ever profited from covert ASICboost.

I don't remember any demonstrable irritation on Jihan's part regarding segwit's impact upon ASICboost.

But feel free to bring forth any evidence that might cover my knowledge gaps. (as if)

::ahem!::

More importantly, your deflection has exactly zero to do with the fact that the implementation of Segwit introduced novel attack vectors to Bitcoin. Perhaps we should discuss this first, before deviating to your smokescreen. Hmm?

Could I pirate it for free?

Nope. If you want to negotiate with me, I'd be willing to send you a CD of my (charting) album for less than 1 BTC - as long as that BTC isn't tainted by Segwit in its past.

That's better than 17% discount! Such a deal for you!

I have come to understand that gold bugs made up this whole list of criteria to define what something needs to be considered money (fungibility, divisibility, can wear it as a necklace, etc.) to conveniently fit all of the characteristics of precious metals.

Money is simply what people agree to use as a medium of exchange to replace bartering. That is all.

There are certainly characteristics that make one form of money preferable, but it does not change the fact that it is money. You had huge rocks that could not be moved that were considered money. Shells were considered money. Metals were considered money. Paper was considered money.

It helps if each of these has the same value which makes it easier to trade. It helps if you can have larger and smaller denominations. It helps if you can pay someone over long distances. It helps if you do not need to pay a lot to secure it. It helps if it's easy to trade from one person to another.

But what it ultimately comes down to is, will someone accept it or not.

There seems to be quite a few of us who have been buying on the way down incrementally, and it seems that after a while, may run out of sellers.

I will concede that my buying has been somewhat more tempered after February 5, because February 5 was the low; therefore, since February 5, I have been selling on the way up and buying on the way back down.  The overall balance would add up to a bit more buying as compared with selling...

I understand that the combined buying adds up, and perhaps after so much back and forth, the bears begin to run out of coins, and become less able to convince folks to part with their coins.

Regarding, you personally, Roach, perhaps this would be a decent time to get back in and redeem yourself, or at least take a partially "in" position.  You may be able to get some BTC cheaper than todays price, but surely no guarantees of such.

There's tons of idiots on this forum and twitter pumpers that claim shitcoins are "money" instead of a currency or as I define it, just a flat out system of control and nothing else.  I also added to the previous post as to why Monero is also not fungible (or any cryptocurrency ever made):

You are aware that almost nobody thinks it's money right? Everyone says crypto-currency for a reason.

The whole thread is fail because Szabo pretends bitcoin isn't designed to centralize, thus giving you the exact same problem he complains about EOS having.  There is NO real world outcome in which mining doesn't become insanely centralized in a few giant warehouses.  Those giant warehouses are just enormous physical attack vectors that the govt knocks on their door and forces AML/KYC on.  Then, all of the same countries like the G7/G20 that have extradition treaties with each other and such, all create a common shared blacklist of coins and you have a permissioned ledger slave system where the govt can just turn off your money at will if the govt doesn't like you and you cease to exist.

That is the exact model of the "new world order" slavery system as described by Aaron Russo:

https://www.youtube.com/watch?v=ZKeaw7HPG04

So fuck Nick Szabo for shilling for non-fungible trash.  And that's what any non-fungible currency is - trash.  Fungibility is required for it to be money.  It's not money.  It's a system of control.  Your options then become doing something like moving to Monero, but Monero is not really fungible in the first place because any craptocurrency where the protocol can just mutate or fork at random is definitely not fungible even if it has a built in coin 'tumbler'.  'Money' is not allowed to mutate or change at random.  Money is supposed to be boring and unchanging.  That's how it remains fungible.

Then you have the problem that Monero is also just a giant honey trap because if the encryption ever falls apart, it's just a free list of illicit transactions for the govt to rake over.  TLDR:  All cryptocurrencies are garbage.  Buy physical silver.

 Well, it's easy to calculate the electricity costs since the miner efficiency is known.  

 Take the cost of Canaan's Avalon 841 Bitcoin miner @ $710 with a MOQ of 40 as an example.  At today's difficulty it would take over 300 days with the ultra low Hydro-Quebec rate I cited earlier to cover the cost of the miners after paying only electricity.  Today's difficulty is key here - it only rises which proportionally increases the time to recoup the cost of the miner. Without even considering the other costs you cited, I don't see a viable business model.  I believe that only the manufacturers of miners are able to do this and the ones who sell batches to the public to offset their costs probably have a leg up on those that do not.

 Suffice it to say that my electricity-cost-only to mine a Bitcoin with a 0.1 J/GH machine would be slightly over US$6600 today but I haven't mined Bitcoin since the days of the KNC Jupiter.

Indeed.. 30 millions is nothing... 

So is this recent dump a response to the Bithumb hack or is it just coincidence? 30 million USD worth of coins certainly is small compared to the whoppers that we have had in the past.

The demand zone... I like the sound of that place.

I'll give that a shot.

*Checks the price*

*still less than 5 figures*

Not started yet.

Is the mini bullgasm over yet or still going?

There are no such exchanges, and I seriously doubt any future exchanges will exist that deals strictly in Segwit-free bitcoins.

There is NO difference between the "distinctive classes" you have enumerated. None. There may be a technical difference, there is no practical difference. It's like saying cracking 256 bit hashes or encryption has a chance. Yes, there is a miniscule technical chance. No, there is no chance for the normal person or government, or governments. The chance of winning the lottery is higher.



There is no attack. There won't be an attack. Not while we live (for the next 50 years). If coins have no difference other than what address they came from, then they are fungible for all practical purposes. If coins are mixed through many different ways (going through an exchange, Coin Joined with hundreds of others, coming out of some gambling site, bouncing from one address to another) there is no difference among all of them, they are all valued the same.

The worth of legacy coins is the same as the worth of segwit tainted coins. It's all bitcoins. You send them to an exchange they will pay you the same rate as any other sender.

The difference is, it's a little bit cheaper to send segwit coins. It costs the same to receive them.

I look from ATH down, growing and growing and growing


mother of all bear traps


other than a cataclysmic event


crypto is going mainstream

fucks sake