Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13740. (Read 26713358 times)

Again, you are assuming miners need to be subsidise to keep doing what they are doing. My local bus route was subsides by the government for 30years. Once the population grew and passengers jumped on board, the subsidy disappeared. Guess what, the bus route is still there!

EDIT: and the passengers still uses the bus route. they didn't just catch the bus in the next suburb or look for a bus that was subsidise!

Not asking or seeking a rating from you buddy! and obviously your conclusions are just a insight in your delusional thinking.

LOL.  Well golly jee! I had no idea transaction fees were recirculated as block reward instead of burned!  Wait, actually I did, and a static block reward is a direct subsidy to transaction fees via inflation tax on the rest of the coin holders, while a static block reward of zero provides no such subsidy.

You receive an F- on your post for pretending a static block reward of zero is no different than a block reward of 50.
 
The newbie section is that way---->

Nice trend for the moment, but volume is still so-so. I'm still a bit skeptical.

Hi r0ach,

You have it all wrong, and I am not even sure you understand BTC and the thought processes of Satoshi Nakamoto. When BTC block rewards go down to ZERO, there will still be transaction fees to reward the miners. Will the fees be enough to sustain the mining activity? We will find out in Year 2037... Not sure if you will be alive..

Either block sizes will be keep small to ensure higher transaction fees and Layer 2 Scaling will be the norm and BTC onchain will be used as a settlement layer.

Or Block sizes are increase to allow more transactions to be included in a block, hence a larger transaction fee.

Currently the average transaction fee is about 0.125BTC per block and average block size is about 60%. Guestimate the value of BTC in 20 years from now and do the calculations. It will be worth it for miners!

Whether it's "addictive" or not is the least of it's problems.  Shitcoins just add a few notches to the degeneracy of society based on financialization - trying to flip houses, flip stocks, and now flip imaginary valueless tokens instead of actually contributing to society by creating something of value.  

The Jew knows no other way to live than by rent seeking behavior or usury.  He does not work the land or any such activity.  Everything is based around some type of usury scam, and he has manipulated the law and entire system to benefit that activity and punish those who actually do create something.  He forces the goyim to emulate his demonic Jewish ways just to get by because there's no alternative in the system he's created without going some form of Amish and completely isolating yourself from civilization.

Luckily for humankind, a system entirely composed of parasites immediately collapses, so the clock is ticking and we won't have to put up with the current system much longer before the whole thing implodes and we go back to sound money (physical silver and gold) and people actually doing productive things with their lives instead of 7 billion Jews trying to scam each other.

If that unmentionable troll simply copied and pasted the same
post for the next year or so,I wouldn’t notice anything amiss...

I think it's the editor.

Fucking MSM, such targeting and FUD.

So where are all the clinics treating the penny stock trading addiction all these past couple of decades?

SMH

I wonder if they accept bitcoin?....

https://www.marketwatch.com/story/hospital-launches-rehab-clinic-to-treat-cryptocurrency-addiction-2018-05-29

Your comment makes zero sense.  Go back to the drawing board; you have it completely backwards.  A PoW coin with no block reward subsidy IS A DEAD coin because transactions are no longer subsidized and lower overhead alternatives then mop the floor with it either in the form of:

A)  A different PoW coin with block subsidy still running

or

B)  Some other consensus algo with less overhead like proof of shit

Normally PoS wouldn't be able to win if PoW actually worked as advertised, but it doesn't.  It's just centralized vs centralized.  Also, you nooblords in this thread don't seem to understand adversarial mining works better the lower the block reward goes, which probably also blows up PoW in the end.  

So the real endgame is that PoW is not sustainable because there is no valid Schelling point to force everyone to use the same PoW chain, and even though PoW is designed to completely centralize, it manages to fool enough uneducated people for the time being to not go to zero.  But proof of stake is a more obvious interest-based, slumlord usury scam, and probably wouldn't tread water for long should there be an exodus from PoW.

There is no future in any of this garbage and silver and gold will destroy them in the end because they're all centralized with no fundamentals.  The only real application for cryptocurrency is federated chains, but nobody would want to use that as a store of wealth over physical metals.  Take a wild guess who does want to use federated chains, though?  The govt to enslave you.

This is true. As Bitcoin continues to live on though, it will be the younger, newer generations of Average Joe that takes a chance with Bitcoin. They come into the working world with more disdain for the existing financial structure, less debt (except student loans), less skepticism of Bitcoin, less to lose and everything to gain.

Grandma and Grandpa ain't coming in droves, sorry. Grandma and Grandpa can't even afford to buy Precious Metals anymore, much less Bitcoin. Plus the MSM has mindfucked them to believe that Bitcoin is a scam.

This. +21million merits

Bitcoin is a capital project, for capitalists, except honest ones now. This brooks no more socialism, no more democratic blitherings about fairness and equality.
If you don't understand or don't get it, I have plenty of time to explain it to you, sorry.

don't go to 7800 before I get paid 

I remember those days. Something I have wondered and I've been meaning to ask, what happened to that wall observer bot? The one that would post the depth chart every few hours? It appears to be gone completely.

Am I missing something? It looks like a bearish trend with 24h of sideways action...

404- rally not found.

Sorry had to quote this one. This proves that you're an idiot r0ach, as no miners are going to switch over to a dead coin that no one is buying or transacting with. So you think that zombie coins buy themselves now?