Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15057. (Read 26713688 times)

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
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08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
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13/01/2018 undeadbitcoiner
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15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
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21/01/2018 flamast2
22/01/2018 RealMachasm
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26/01/2018 rolling
27/01/2018 LFC_bitcoin
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29/01/2018 CristiTCM
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03/02/2018 True Myth
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13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
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19/02/2018 BitCoinBurger
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25/02/2018 sirazimuth
26/02/2018 Arriemoller
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28/02/2018 Muttley
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04/03/2018 InvoKing
05/03/2018 Notme
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09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

crypto getting dumped because of greed, hoarding and n00b stupidity
imo ~ if we gin up some real community things can change..rite now idk :-D  \\\$9000 inkoming?

I have likely, cursed all crypto to going Tulips..by my actions in retirement....thus, if so, sorry about that...(its all about me damn it)

Congrats. I will be joining you soon.

that...would be a lower low

perhaps momentary tape painting...remains to be seen

I'm sure you will.
Congrats on making it Searing! 

But but... farmers in Africa?
But but... the democratic finance that Ver says he dreams of, while Bitcoin forgot it and it's only for the elites?

It's the same concept at the basis of PoW: Working must be hard, checking must be easy. And stay easy.

Yes, bitcoin is death indeed

Was the death of my 'wage slave' job, I retired yesterday Jan 14th...all due to BTC....living on mining revenue and in HODL mode on BTC and other cryptos...

Spent today, puttering around the house doing chores....been a wage slave so long..kinda clueless on how to approach this...retiring early stuff...

kinda surreal in fact...., on what to do...I've no clue, yet, in that, once you wake up retired...everything suddenly is OPTIONAL..you need to do that day!

....clueless presently...but I'll figure it out!

Damn, its gone down a bit to slightly above the weekly low.

is bitcoin death?

Smart enough to know that nobody of 'normal' means that truly wants to run a fully-validating, non-mining wallet client -- be it BTC or BCH -- is unable to do so.

Vinny is a tool and sits at the top of Mt. Stupid (along with many others) when it comes to his Bitcoin and crypto knowledge.

It fills me with glee knowing that something he recently attempted to bid on and failed to acquire, I've had in my possession for a few years now. Way to be late to the party, Vinny.

Of course jbreher's being intellectually rogueish. He's smart enough to know better.

This is what I'm having problem with:


...essentially implying that there is some consensus, even from bitcoin supporters, that bch is following the vision of satoshi better than btc, and then "backs it up" with a quote - when in fact you could insert another 100 quotes that are a condemnation.

I don't know if he wants to play "balanced" or something, but it's not a case of balance, it's a case for accuracy.


Per your rationale, if BTC, say, has 20.000 nodes and BCH has 20 nodes, they are the same, in their neither being pure p2p or pure client/server... yet, if you aren't intellectually dishonest, you realize that there is a big quality difference.


That would create an anomalous mining scheme, where miners only bother if they have a batch of txs to do with fees and then disappear... then they'll wait for a good backlog to buildup plenty of fees and give it a shot again... it would be something like a difficulty adjustment scheme, but based on real-time intention of people who want to transact. If the last block was confirmed recently = no serious backlog for the miner to even bother with. Let it build up several thousand txs and then try to mine.

https://vinnylingham.com/a-tale-of-two-bitcoins-20375d49d3d3


From my reading of Vinny's twits and his argument with Core team over the past year, I thought his ideology follows more closely with the ETH and BCH crowd.  

The problem with the above statement is that those who don't care about centralization will probably end up using the upcoming bankster and govcoin in due time.  So I have maintained in the past that ALT isn't really the problem, but govcoin with monthly airdrop in the form of Universal Basic Income or social welfare would be the real competition.  Because Bitcoin is voluntary and based on incentives, people can leave any time if they want.  So it got to be deflationary for hodlers to hold and fee market high for miners to secure.

I mean if you are in crypto only for the money, I think it's perfectly fine for people to play with bankster/govcoin.  After all, crony capitalism is highly lucrative and the overlords always want their goons and hanger-on to be well paid to set an example for others.  Even if you are a diehard rebel planning to pull a disappearing act once the revolution fails, it still may be sensible to hedge a bit because if we can't get Gold Standard 2.0 empowered by Internet, than it's more likely that we will end up with some dystopian Fiat 2.0, paid for and paved with the blood of crypto pioneers.  So with some bankster/govcoin on hand, you can actually claim some plausible deniability or at least as someone being led astray and now repentant.

Well, no. Nowhere does he say "that's closer to Satoshi's vision". Perhaps you are referring to the following?: "more closely aligned to Satoshi’s original white paper"? For that is something he actually does say - perhaps the closest to what you erroneously claim he said. If we're going to have a meaningful dialogue, you're going to need to speak with precision. Why don't you answer this, then point out which particular numbered stated attributes you believe to be at odds with this claim?


Do you claim that every BTC user runs a fully-validating, non-mining wallet client (often erroneously referred to as a 'full node')? Do you claim that no BCH user runs a fully-validating, non-mining wallet client? If the answers respectively are not 'yes' and 'yes', then I fail to see what your point is. Neither is purely peer-to-peer, and neither is purely client-server.


The solution is so clear in its simplicity, it is truly stunning that you do not get it. _IF_ we were to reach a point where the fees were insufficient to incentivize any given miner to mine, then blocks will not be mined. This will create more demand for transaction processing. More demand & lees supply => prices rise to the point where block mining is incentivized. What price? The price of mining a transaction onto the blockchain. The price we call 'transaction fee'.

Yes

Vinny Lingham is a fair and balanced intellectual like Donald Trump.  

Meanwhile a Zionist conspiracy is pushing down rental returns in Seattle by deploying massive sell walls on local property exchanges.  https://www.seattletimes.com/business/real-estate/seattle-area-rents-drop-significantly-for-first-time-this-decade-as-new-apartments-sit-empty/

You don't need to believe it will succeed. You only need to believe it has a high degree of risk to fuck things up. The market was pretty "constrained" prior to burying the 2x fork, and once that threat got buried, the purchasing power was unleashed from 7k -> 20k usd.

Yes, exactly, and Lingham's genius was arguing fairly vociferously and persistently when in March 2017 BTC prices had dipped down from $1350-ish to $890 that he had expected that inevitably BTC prices would drop below $500, so HODLers should sell in order to buy back lower... and as we know that did not happen. even though there were a lot of folks trusting his self-proclaimed oracle representations.