Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16384. (Read 26711956 times)

Why are you trying to promote a system of which the end evolution can only be federated chains run by govt and corporations to enslave people since it's not possible to solve decentralization of open loop systems?

Roach why are you doing here if you dislike blockchain?

Zerohedge is where youre belong ore /rbtc.

You have made the critical error of pretending that just because a few pumpers kept bitcoin alive after it's initial pump and dump, that this somehow proves the viability of open loop so called "decentralized" systems.  The fact is, it's not decentralized; it's designed to centralize.  The only type of blockchain that is "proven" are federated chains, while to any non-idiot, it's obvious all the others are doomed to go extinct since nobody can solve decentralization (because it's not possible).

This is why I do not support anything blockchain related.  Why the fuck would I shill for the inevitable outcome of only federated chains surviving? Eventually the general public will figure out bitcoin, etherscam, and all the other trashcoins are distributed but not decentralized as well, then it goes up in smoke.

Stop pretending that gold and silver used in native coin format haven't been used as money for thousands of years.  There's no fucking reason to convert it to fiat.  Even US law states a dollar is still "371.25 grains of pure silver" and that debts are supposed to be settled in only metals.  

Also, stop pretending bitcoin allows you to do anything that metals don't when 0 problems concerning things like decentralization were solved (because it's not possible to solve).  Bitcoin is an obfuscated centralized system.  Worst case it will be run by one party, best case it would be run by a few corporations countable with one hand.  Such a paradigm has no benefit over existing systems; it's a nothingburger, while metals are orders of magnitude better in all characteristics.

The only thing that can actually survive the test of time originating from anything "blockchain" related are federated chains, and those are the ones govt will use to try and enslave you.  So called "blockchain" will be far more negative than positive for humanity due to decentralization not being solvable, thus all open loop systems going the way of the dinosaur eventually and only federated chains remaining.

Any good place to get instant news about btc, like app or twitter? I usually follow the market at bitcoinity, and have done so for years, but most of the time I have no clue why lots of people decide to buy/dump all of a sudden.

Thanks

Gold has no MOE or UOA.. its second to fiat. Problem with gold coins which are the only way itd work without IOUs is that the coins were too soft and not only shaving was an issue but durability. Any other scheme requires trust that is nothing compared to his argument that miners centralize blockchain

r0ach loves to keep spouting this. Over and over. But he refuses to ever explain how he intends to transact with someone overseas in another country with PMs and avoid middlemen or 3rd party transfer fees. Or even go to Walmart, Target, or Starbucks and buy something, anything with it without avoiding the exchange into fiat via 3rd party (and thus another fee). Or... or... the fkn list can go on forever.

So I guess all a PM coin is good for is... transacting with your neighbor down the street? If Apocalypse cometh?

Well r0ach? We're still waiting. Oh I know, you'll just go scurrying back into your little hole for a while without answer the question. Once again. 

No, it wasn't.

It will be when the authorities will be worried about it.

That guy was like a time traveler from the future

Ringo Starr married Barbara Bach in 1981.



Can you top that?

Bitcoin is an extortion system by design.  If I have a 1 oz gold or silver coin on my table, I can walk down the street and trade it to someone else for goods or services with no middlemen or 3rd party extortion involved.  Bitcoin, on the other hand, has built-in rent seeking middlemen and counter party risk.  You're required to pay extortion demands to miners just to move the coins at all.  That is, if the miners even allow you to move the coins since it's not actually a permissionless system and the miners can be controlled by the govt itself.

The miner extortion problem is exacerbated by the fact that open entropy blockchains will always be low throughput and don't scale, so telling everyone on earth to "use bitcoin" is just promoting extreme usury.  Then you have the fact that the open loop blockchains (PoW - the only one that was able to fool people into make believing they're decentralized) have no purpose since they will centralize anyway.  This means the only possible evolution of ANY of these systems is federated chains run by corporations and govts to enslave you or to trim a few pennies off their overhead for some other mundane system they already run.

There is nothing here in this god forsaken space to benefit mankind or help defend itself from evil jewish bankers.  Anything "blockchain" is completely inferior to silver for store of value, removal of counter party risk, facilitation of financial freedom, privacy, etc.  Most of you have lied to yourselves and others so much about this useless garbage craptocurrency that you now believe your own lies.  Bitcoin is the fucking Ringo Starr of finance.

Ill take 12/9 It will hit $6500 and Jamie dimon will cry himself to sleep

I think you're hoping for BTC to outsmart you!

   Good luck either way.

AGREED!

Off to Mars.

*Legendary Analysis

Great, but would be better if he spelled "weak" correctly.  

Ok... I will try harder.... . 






























NOT!!!   

I'm still ready for him to do what he promised in his tweet, though. We don't lose out either way, eh? What we've accomplished in the last few months is impressive nonetheless and I'd be happy with 3000 or 2000 this year.

Well...a few being 2 

I sat through my $10k investment at $17 (right after the $32 bubble) went down to $2 over the course of 2 years. I sat through the $1200 bubble that came down over the course of 2 years to $180. There could certainly be some correlation between the halving and the price rise. Inflation gets cut in half and we have price discovery to find the new value. Overshooting only leads to a downward price pattern which in turn takes all of these new "get rich quick, FOMO" people that buy bitcoins just because they see dollar signs and makes them run away scared as the price is going down. And after a year of dropping price nobody wants to invest in something losing value ("It could go to 0!"). So it tends to drop below the value due to that type of speculation.

I don't see as big of a drop this time as the last two times though since this "bubble" was rather weak. I think the price will mainly be down in the $2k range, maybe dip under $1k on some FUD briefly before starting a new climb to heights that nobody but McCafee would predict.

You have to admit, zooming out to the 2 year chart the pattern looks all too familiar.