oh i'd forgotten all about shitcoins (and monetro)
they seem to have gone up in the last day
why?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16036. (Read 26709893 times)
November 06, 2017, 12:56:36 PM
November 06, 2017, 12:52:00 PM
Wondering if 6k will hold instead of 7k. Guess right and be rewarded.
Guess wrong and get roached out of the market...
Haha, I think you just coined a new term. "Getting Roached"
November 06, 2017, 12:50:54 PM
November 06, 2017, 12:50:19 PM
So, I have talked a little bit more with Coinomi about the upcoming fork to clear things up.
Here's what I have so far.
They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.
Sounds good to me, I will keep my coins there during the fork.
Here's what I have so far.
They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.
Sounds good to me, I will keep my coins there during the fork.
Thanks for the tips man!
You have any idea about the possible precautions that should be taken in order to get the new coins too?
Will it be something automatical? I know I was really angry to have lost my new shiny coins after last fork simply because I didn't respect the process for my electrum wallet... That's really a shame to know you've lost 10% of easy money like that
Are you sure you really lost them? What did you do?
November 06, 2017, 12:45:48 PM
November 06, 2017, 12:45:05 PM
Time for haircut
November 06, 2017, 12:44:33 PM
Most decidedly not rich yet.
November 06, 2017, 12:43:42 PM
Are we rich yet? 
November 06, 2017, 12:40:10 PM
Wondering if 6k will hold instead of 7k. Guess right and be rewarded.
Guess wrong and get roached out of the market...
November 06, 2017, 12:38:37 PM
Wondering if 6k will hold instead of 7k. Guess right and be rewarded.
November 06, 2017, 12:33:58 PM
November 06, 2017, 12:30:51 PM
$7000 under attack! 
November 06, 2017, 12:21:19 PM
So, I have talked a little bit more with Coinomi about the upcoming fork to clear things up.
Here's what I have so far.
They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.
Sounds good to me, I will keep my coins there during the fork.
Here's what I have so far.
They will support both chains after the fork.
Bitcoin will still be called bitcoin and still be on the legacy chain.
They will implement replay protection for SW2X on their wallets.
You will be able to claim your SW2x coins.
Sounds good to me, I will keep my coins there during the fork.
Thanks for the tips man!
You have any idea about the possible precautions that should be taken in order to get the new coins too?
Will it be something automatical? I know I was really angry to have lost my new shiny coins after last fork simply because I didn't respect the process for my electrum wallet... That's really a shame to know you've lost 10% of easy money like that
November 06, 2017, 12:15:02 PM
Quote
The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.
"#Bitcoin was created so you can buy a Lambo. Not a cup of coffee #No2x"
Quote of the day
Buying coffee with Bitcoin is like using an armored truck and armed guards to protect your $5 payment for your Starbucks coffee.
November 06, 2017, 12:13:15 PM
Quote
The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.
"#Bitcoin was created so you can buy a Lambo. Not a cup of coffee #No2x"
Quote of the day
why not both? lel
Forget all these substitutes for small d...s. Buy the coffee shop instead... .
November 06, 2017, 12:09:09 PM
Quote
The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.
"#Bitcoin was created so you can buy a Lambo. Not a cup of coffee #No2x"
Quote of the day
why not both? lel
November 06, 2017, 11:42:57 AM
Quote
The choice between the legacy bitcoin and 2x is a choice between a continuously proven and non-censorable store of value, and a provenly compromised store of value with temporarily lower transaction fees.
"#Bitcoin was created so you can buy a Lambo. Not a cup of coffee #No2x"
Quote of the day
November 06, 2017, 11:29:32 AM
As I type BTC prices are bouncing between $7200 and $7400 - so I am going to use $7,300 as a price reference. So let's look what is our current price appreciation that has taken place since the "scaling debate really got heated":
1) $250 - 29.2x
2) $350 - 20.86 x
3) $450 - 16.22 x
So, yeah, these nut job big blockers have been arguing doom and gloom of bitcoin since before $250 and arguing "scale or die" until they have been blue in the face, and the market does not seem to give a ratt's ass about their supposed doom and gloom assessments.
1) $250 - 29.2x
2) $350 - 20.86 x
3) $450 - 16.22 x
So, yeah, these nut job big blockers have been arguing doom and gloom of bitcoin since before $250 and arguing "scale or die" until they have been blue in the face, and the market does not seem to give a ratt's ass about their supposed doom and gloom assessments.
In part, it's because bitcoin is scalable beyond the transaction per second metric.
A blockchain might be doing 50 tx/sec, with 10$ average value per tx.
Another blockchain might be doing 5 tx/sec with 1000$ average value per tx.
Over a year, the first will have done 15.7bn USD in volume, while the second will have done 157.7 bn USD in volume.
There are plenty of blockchains out there who are resembling the first case: Potential for a lot of tx/sec but they are either unused or have very low value. Bitcoin is escalating the avg transaction amount, upwards, thus scaling how much it transacts on a daily, weekly, monthly, or annual basis.
Estimated tx volume, per day, in USD: https://blockchain.info/charts/estimated-transaction-volume-usd
According to the stat, we've gone from transacting 200mn per day to ~2bn USD per day. That's 10x volume scaling in a year, with pretty much the same tx/sec (the bump from Segwit to 4mb is relatively recent so I'm not accounting for that).
At 2bn USD per day, we are talking about 730bn USD per year, which is >2 times what paypal did in 2016 (354bn).
Needless to say that this is also achieved in a manner more economical than paypal, since paypal gets 2-3% of the transacted amount. For 730bn USD transferred it'd take something like 15-25bn USD in fees, plus another 3% for currency exchanges for people transacting in different currencies.
November 06, 2017, 11:19:09 AM
And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.
Jeff had some spare time left to spin more 'zombie' nodes out of thin air.
This whole 2x is one major dogshit omfg man...
The most disgusting is this one from BitPay...i'll never forget.. (BitPay still haven't activated Segwit but it is a fronliner to push this bullshit through users throat)
why you all Jeff haters ?
~he is trusted leet core dev brah! 
x2 = moon&mars!! <.< weeeeee 
November 06, 2017, 11:14:51 AM
OK motherfuckers, here is the plan;
Most of us are in the Northern hemisphere, and it's getting colder anyway. Blow the dust out of all those long obsolete miners and point them at BCH for now, do NOT point them at BTC yet.
It is a small gesture compared to the attack farms to be sure, but for many of us it is all we can realistically do, aside from hodling and running full nodes.
Be ready at forktime and switch all hash to BTC, hey, you got to heat the house anyway right?
I know, drop in the bucket, but it can't hurt.
Most of us are in the Northern hemisphere, and it's getting colder anyway. Blow the dust out of all those long obsolete miners and point them at BCH for now, do NOT point them at BTC yet.
It is a small gesture compared to the attack farms to be sure, but for many of us it is all we can realistically do, aside from hodling and running full nodes.
Be ready at forktime and switch all hash to BTC, hey, you got to heat the house anyway right?
I know, drop in the bucket, but it can't hurt.
Jump to: