Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15136. (Read 26711918 times)

My problem with the bitcoin core folks are they ever gonna release ANYTHING ...lightning or whatever to offer a way forward on their scaling solutions....or are they going to continue to sit their hands

and fiddle while rome burns and the forks continue to dominate the news and conversations.....

The most UNLIKELY of stories that I scare myself at night with is CW may NOT be Satoshi, but he may have been in the 3 guy group , hal finney was one and the other guy most likely the power

behind the code (I forget his name) and say Craig Wright

NOW IF what he says is true and this crypto of Satoshi's is locked up in a trust till Jan 1st 2020..well BTC and crypto is gonna be in a world of hurt if that is the case..because IF he is the

last man standing and gets those funds...CW imho will burn it to the ground and cash out and play power games...he is made at the crypto folk who don't believe him..he is mad at the press

it would be a sh*t storm of epic tulip proportions....

now again, I see only a 1 in 20 chance of what he is saying is true..but even if he was the weak link in the chain...he is MAY be the only one left of the original group...thus if a trust

exists my hoard is beyond scewed.....he is a real sh*t imho, it would be ugly

again, fairytale but the scary kind!

I appreciate Peters discourse on here. However - based on his comments, he took only approximately 20-25% of his bitcoin to buy extra BCH with (the approximate current price to give himself a 3-1 ratio). On top of that he claims he still owns thousands of bitcoin, and perhaps tens of thousands, based on his assertion that he owns more than anyone in this thread outside of one BCH shill. Then Peter insinuates that his is a part of a group that want to subvert BTC as a scalable blockchain solution.

Its hard to economically reconcile all these comments.

Why would LN not work out as planned? Just out of curiosity, I'm eager to know where the BCash hope is. Unless you want to keep it secret, so your master-plan to sabotage Bitcoin would not be revealed too soon.

Yes I noticed. We are at a borderline bitcoin price of $17000. It keeps swinging just below, then just above that level. It's only about two weeks ago that we were down to the $11000s and it's already recovered to $17000. Bullish AF.

Thanks for the honest answer. Respect.

That is the least surprising thing I've read this year.

It doesn't bother you then that as the face of Bcash you have aligned yourself with a man who you know knowingly lied to the world on mulitple occasions for his own personal fame or delusion?

And does it not bother you that other faces of Bcash have publicly stated that they believe CSW is Satoshi?

I mean, can you not see how to many of us, Bcash might seem like a complete centralized shitshow?

Oh and of course Coinbase and Bitpay added BCH, they are both owned by self proclaimed big blockers, one of which has shilled ETH for years.

Sorry, I couldn't resist making the JJG theory.  


But seriously, if you've read any of the papers written by CSW it is very clear that he is not the same person who wrote the Bitcoin white paper or communicated here on the forum in the early days.  

Here's a critique I did on CSWs recent paper (that he later retracted) where he tried (and failed) to prove the Eyal and Sirer's selfish mining attack was a fallacy:

https://bitco.in/forum/threads/wright-or-wrong-lets-read-craig-wrights-selfish-miner-fallacy-paper-together-and-find-out.2426/

CSW later bet me 1 BTC on this question, and lost (and never paid up), which is not a question that Satoshi would get wrong:



That said, CSW does seem to have information about early bitcoin that makes me think that he might have somehow been involved. But, no, he is not Satoshi.

I have thought it a bit odd that the alts are still increasing substantially alongside Bitcoin's rise. We'll see if you are right this time, I hope you are.

It's been months and fees just keep going up. It should have been working from second one without any idiotic opt-in nonsense. We fucked up.

You still haven't given a serious answer if you think Craig is Satoshi. It was a serious question. No shame if you think he might be - at least it would explain your behavior.

 I doubt it very much. But good to know you own at least more than a couple thousand.

That would be a decent apology.

I think that is smart.  I don't understand why people sell their BCH.  It is a nice hedge and then you can cheer on BTC and BCH.

I own about 3 BCH per BTC at the moment, as I think BCH is the better investment.  But I recognize that BTC could kill BCH if it can get its act together and solve the fee problem (I just think that BTC solving that problem is unlikely).


Really?  The speed of adoption has blown me away.  I didn't think Coinbase would sell BCH so soon and Bitpay will shortly allow BCH to used for all Bitpay invoices.  This is very exciting for me.  


I have been wrong many times in my life, and maybe this will be one of them too.  I don't think that being wrong is bad or evil though, so I don't know why I'd publicly apologize.  What would I say?  "Guys, I was wrong about high fees and I should have blindly trusted BS/Core that LN would solve all the problems, rather than thinking for myself and doing research to make bitcoin scale in the way I thought was best.  I am sorry that I worked hard on something I loved and believed in."  

So you're saying that people like yourself want to now SUBVERT the original bitcoin chain against becoming a transactional currency? WOW.

Do you own any substantial portion of BTC?

Of course accepting BCH is trivial for those who already accept bitcoin.
All BCH did is increase the block size while keeping all witness data in mined blocks.
It could be seen as sweeping a problem under the rug, or as kicking the can a few feet further down the road.

BTC is more complex due to segwit - and hopefully soon LN too - because it's evolving in order to survive the technological challenges. It's not sweat-free. No free lunch and stuff. The benefits of upgrading will be more than worth the sweat for merchants (little sweat) and users (no sweat as soon as the first user-grade wallets become available).

But why am I explaining this to you? You are a technical person, aren't you?

I think there are many more examples of use cases, not only possible and desirable, but COMING to the BTC blockchain, or it's layers, or sidechains.  Identity verification.  Fast cheap (free) payments.  Historical records.  Wealth storage.  Legal record storage. Atomic swaps.  Exchange.  And so on...

We are not taking about taking the max throughput of the blockchain from 7tps to 56tps.  We are talking about taking it to MILLIONS of transactions per second.  And we are talking about this happening soon^tm.

Digital gold?  Digital cash?  Be all things to all people?  Our very conversation is proving the latter to be likely impossible.  At least on a single settlement layer.

Today's fee market is showing us a serious problem with the BTC network.  The solution is not bigger blocks.  It is found in a bigger vision.

Nothing is more decentralized than all the possible technologies coming to a blockchain near you.  You can use all of them, some of them, or none but the big daddy BTC. You can rest assured that the base layer is only as complex as it needs to be.  Not some ever expanding Rube Goldberg machine with all the attack surfaces that come with it. (No offense Vitalik) Even though its children, most likely in the form of sidechains will do ALL that whizbang stuff and more.  But not at the base layer...  down there we are safe, and pure.

Just Bitcoin.  THE Bitcoin.

Ok, well I own exactly has many BCash and Bitcoin, so good luck with taking over the crypto universe. Its certainly a slow start for you guys. I do hope in a couple years if Bitcoin has completely overwhelmed Bcash as a transactional currency, that you'll at least have the balls to publicly apologize for being wrong.