Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16722. (Read 26711528 times)

Indeed i'm surprised that this Pullrequest hasn't got more attention. Disconnecting from SegWit2x Nodes doesn't sound good to me...  

Ah, I see what you mean now.

Indeed, the second layer solutions we have today are akin to dealing with a bank: "I keep the books, that's to you, this I keep" and so on. These solutions are mostly used by exchanges (banks in their own way) after all. LN itself, however, is technically egalitarian in a way similar to bitcoin. Wanna open that channel? Lock 0.05 btc, ok, channel open. You can't transact more than those 0.05 on that channel. This is all I meant when I said fractional reserve is impossible.

Looking at Bitcoins release schedule, I just can say scream get your Bitcoins organized
https://bitcointalksearch.org/topic/m.20734525

I'd like to agree with this statement.

I think bitcoin people are lazy people. Because they are smart AF!!!

You need to go back and study the French revolution some more. You could have been a revolutionary in 1789 and be accused of being a reactionary conservative in 1793 and get your head chopped off - without having changed your political opinions one bit. At that point wealth had nothing to do with ho gets killed.


It is rare to see this sentiment articulated anywhere so I will just quote it and say how much I agree. Grow alternatives from the bottom up. If we smash the current status quo without alternative systems in place people will shy away from the chaos which ensues and call for the safe comforting strong hand of a dictator.

Better Call R0ach! He's an expert!

I saw one of the nephews a week ago, he recently noticed current price.

Nephew: "OMG it's up a thousand percent".
Me: "It's up a lot more than that".

That got an actual laugh out of me...the nephew realizing that it would actually work on Steam...awesome!!!

I kept the private keys as well (hmm...do I sell their BCH?).

When I was in town I showed my oldest nephew how to use it on Steam. He was pretty excited about it at that point.

I gave my niece 1 bitcoin for her birthday back in December 2013 (when the price was $900/BTC). Throughout the year I gave each of my nieces and nephews 1 bitcoin for their birthday, the first being about $50 and the last being about $1k.

My niece's mom, my sister, felt it was very generous when I gave it to her knowing the price (though I had paid about $20 each for the coins I gave away). But as the price fell over the next year my sister was soured of the whole bitcoin thing and kept asking me how to cash out the coin so she could put it in a CD or savings bond or whatever. I told her how but she could never figure it out (I had given her the private key in her birthday card). Finally last month she cashed it in and bought an iPhone.

The point of the gift was not the money but the gift of learning about Bitcoin and giving the kids first hand knowledge of how to use bitcoins. The parents keep wanting to jump in and "save" their kid from this crazy Internet money by selling it and putting it in the bank or spending it.

One nephew got it though. When the price went from $200 or so to $4-500 he said "if it went up that much, imagine how much it will be worth in a few years!".  I think my oldest nephew who is in college now probably spent his on drugs (or gift cards, who knows).

I sold all mine at the bottom, of course.

I didn't even retrieved it. Been eight days since I started synching bitcoin ABC in another system. Extremely slow.

I don't plan to sell it, will keep it since it have more potential for value than ether. But as soon as I retrieve it I will send to a exchange, can't keep a node on it, it's too slow.

I want to sell. I just find the whole thing so terribly inconvenient.

I haven't sold either. Waiting to see how the price action develops.

So, who hasnt sold their BCH ? I havent, dunno why not. Gut's telling me hodl.

This is my approach.  I did my time engaging the system directly.  Everybody should do it for a bit when they are young, but if you don't figure out how to disengage you end up impoverished, broken, and quite probably insane.  We all need to figure out how to take responsibility for our own keep, but this does not mean that we need to be complicit in our own enslavement.

I really urge you, my fellow bitcoiners, as we find ourselves with unaccustomed wealth, to resist the easy baubles of affluence.  Every time you buy a new thing you are putting energy into the machine.  Fix old things.  Employ people directly.  Develop your self sufficiency.  Productive land, heirloom equipment, sustainable water systems...these things are the real status symbols.

Roger Ver is 'an enriched on a permissionless, uncensorable, peer to peer currency' and I don't wish the guillotine on that clown.

Oh wait.   j/k

The point is, even a vampire squidlet like that jackhole enriched on the Bitcoin network can't gain control of the system and subvert it for his own personal gain. Well, we can all hope anyway. I guess we shall see how well the network holds up in the future.

I like this sentiment, and am hopeful that it is true.