Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13628. (Read 26715563 times)

So implement Segwit through a mechanism that introduces new attack vectors.

Nope. Still doesn't make sense.

If I had ONE guess good old Nick would be pretty high on my list.  Hal would also be up there.

Today on twitter I saw some EOS shill respond to one of Szabo's posts and call him a "fucktard".

https://twitter.com/NickSzabo4/status/1008974899690463232

LOL.

Dude evidently has no idea...  he might actually have earned a block from Satoshi himself... lol.

Really kinda fits in with how AMAZINGLY TERRI-HORRI-AWEFUL-BAD EOS is.

If.

Which of course would just result in a niche that needs filling by an entrepreneur to found an exchange that deals strictly in Segwit-free bitcoins. Market pressures always result in market solutions. Kinda econ 101, that.

If you can't handle the reality that the Bogdanoffs control the market, I don't know what to tell you.

Nakamoto Satoshi would also have N. S. as his initials. Family name first, as is the norm in Japan.

O.k.  I am with you that before segwit, we had one aspect of bitcoin that is considered on chain transactions.  Segwit added functionality to bitcoin and was adopted and implemented through a then agreed to consensus mechanism, but such added functionality did not create a different class of bitcoin, furthermore it remains optional to use segregated witness bitcoin addresses or legacy addresses, and you can send bitcoin's across in any direction.. from segwit to legacy and from legacy to segwit from legacy to legacy and from segwit to segwith... So fucking what?   That is not a different class of bitcoin, it is just additional functionality that has been absorbed into the system and likely to continue to exist.. and  you have to make some kind of proof that there is some actual rather than theoretical fungibility issue.

Regarding lightning network, this is another test system that is being built in order to federate peg bitcoin's into such nominally second layer.  Seems that I am not smart enough to really understand all of the implications of such system that is being built, and surely remains voluntary and in early testing stages.  My understanding is that the December 2017/January 2018 spam attack onto bitcoin from BIG BLOCKER nutjob comrades of yourself created incentives to cause the test version of lightning network to go live much more quickly than had been anticipated, and even initially pissed off a few core developers, but in some sense the toothpaste is out of the tube, and the system is being tested on an ongoing basis with limitations in the quantity of coins that can be added to any one channel, and from my understanding lightning network is not creating any new coins, because the coins that are being used on lightning network are federated to actual bitcoins that are verifiable on the blockchain.  

You can label this as a new class of coins all that you want, but such labelling seems to be misleading at best, and having seen your track record, I would not be surprised if you are not attempting to engage in deceit and/or trickery regarding the topic to suggest that some kind of significance and meaning is present with additional optional functionality being a new "class of coin" when no fucking new coins are created..  

So, in the end, I still don't see what evidence that you have that there is some kind of actual fungibility issue in regards to bitcoins that might be used in the lightning network beyond mere speculation about something that could happen, but there are no actual facts to back up your differences in fungibility assertions related to lightning network and it even seems to be a stretch to be asserting that new functionality rises to the level of some kind of "new coin".  In short, you seem to be engaging in either misleading or deception with your discussion of different classes of coins and arguing about some kind of non-existent fungibility issue, no?

I really dont know why do you make up such stuff. Unless you read this nonsense somewhere and decided to post nonsense here. But its still a nonsense.

But if you just made it up....oh well i guess 90% posts on this forum are CRAB (no crap, let me make some nonsense too), poeople making down empleyes (stuff) on purse (purpuse).
Where the world is goin. Long live....who Trump ?  (half of my message is sarcasm and bullshit, like 90% of post here)

Option 3: We're still in the early adopter phase, bitcoin is too complicated for plebs, and we're still working on the basic underlying infrastructure, as cAPSLOCK mentioned. If Bitcoin development were comparable to the development of the internet, we'd be around 1991.

Thanks for the analysis. While it should be obvious to most, this model employs electricity as the only cost to mining. Of course, we know this is not the case. I wouldn't know what capital acquisition, cooling, rent, plant, maintenance, labor, etc might add to the cost.

OK. Sorry for the mischaracterization.


Thanks.


Well, first, the vast majority of USD exists only in digital form. Such USD has no serial numbers or such letters. As for the small faction of USD in physical form, the letter of which you speak is a discernible characteristic. However, such letter has no operational consequence. This is quite unlike the three segwit classes, each of which implement differing security models. While the letter of which you speak is a fungibility hole, it is of a much weaker variety than Segwit's three classes.

As a snarky aside, why the cliche'd request for 'small unmarked bills'? What of bills marked by the exploding dye pack?


As I sad, it is legitimate to argue over the significance of the effects of these characteristics.


Well, in this conversation I am not so much concerned with taint, as much as the differing security models implemented for each of the three classes created by Segwit.

But I am happy to agree to disagree.

Look, everyone, this is not really difficult is it? If bitcoin is just another tool of the 1%, then, fuck it, we will be among the new 1%. But if it is more than that, if it is meant to make the world as a whole a better place, to give the world financial freedom, then basic mechanisms such as creating a fucking wallet can not be an issue of confusion.

Either the differences between segwit and legacy need to be made so clear that anyone who can operate a computer understand it, or we need to go back to a universal standard.

I'm with you I didn't have the heart to ruin his moment.

Are you merely saying that there are differences of opinion about where the bottom might be?  Surely, there has been multiple attempts to break through support in the $6k territory.  Surely, there are questions about whether such support will hold.. but merely not knowing whether the support will hold or not is not the same as saying that it is difficult to see the bottom.  Of course, if support does not break, then that means we are going up.  A lot of folks prefer to see high volume bounce off of any bottom, and many times, that can make the bottom more clear, but historically, even in bitcoin, there have been times when the bottom is in and then the price just trickles up further and further and further making it then difficult for bears to bring the price back down to test the previous bottom testing points.



You are talking about the correction from $19,666 to present right?  I don't think that would technically be a "bear market," especially given the context.  But you can call it whatever you like, even though "bear market" seems both premature and misleading.


Do you know what is a strawman argument? 

You seem to be making one with your reference to "a lot of people" claiming some kind of solid bottom at $6,500 and supposedly being wrong about such claim.  So fucking what?  A lot of people say a lot of things, including dumb things.  So the mere fact that people may have said something does not really get us anywhere regarding the supposed meaning of such claims, as you seem to be suggesting that the hopes of such "lot of people" have been dashed.  Is that the claim?


That is true. Each of us has to follow, tweak or come up with our own individualized plan.  Such plan will both depend upon what stage of entering bitcoin we are in and also what plan we may have already been following (and whether we might need to tweak such plan).   

What is your plan?   buy, sell, hold or some combination of such?



Somewhat typical with consolidation periods is that the range of volatility becomes more and more narrow, until the consolidation breaks in one direction or another.  Sometimes there can be a sudden increase in volatility that comes with a break in one direction or another, and other times the break away from the consolidation range can end up being more gradual and trickling towards one direction or another.

Correct. I did not say that. Then again, I also did not say the converse.


That I did.


To any extent which I might, it would be at a discounted rate.


Well, if that BTC-denominated digital music distributor is still in business, you can still by a copy of my CD for 1.2 BTC. I'd even accept 1.2 Segwit coins for a copy.

So, would you like to make a segwit wallet? Or a legacy wallet? And why?

I make segwit wallets.  But I understand how to, and why.

Average user will "buy" bitcoin on the Cash app or Robihood, or keep it on Coinbase, or Blockchain.info.  Or use Samurai or Eclair or Enjin and just use whatever address the wallet gives them.

It *is* "whatever" for the vast majority.

And if lightning takes off (thanks to Segwit) then it will just be the new normal.  In fact it really already is.

No, not whatever. Would you like to make a segwit wallet or a legacy wallet? That's not a whatever, that's a bahwuh?

On the protocol level Bitcoin is already too complex for more than 99% of the world.  Segwit/Non Seguit?  Whatever.

The wallets will handle this.

You don't know how to write an HTTP query most likely, and you most likely don't know PHP, or SQL, and yet here you are reading this webpage.  And even if you do, you get my point.

Users will not care about Segwit.

The only concern is if Segwit somehow BREAKS bitcoin.  So far, so good.