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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16840. (Read 26711647 times)

sr. member
Activity: 532
Merit: 251
The Myth of Bitcoin Cash 2: Re-solving Nashian and Szabonian Views on the Emergence of Money Through Trade
https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-2-re-solving-nashian-and-szabonian-views-on-the-emergence-of-money-b3c83a5d019f

Rational players won't diversify.

Szabo: "If the outcome is significantly predictable, it pays to invest completely in the most likely winner"

http://unenumerated.blogspot.ca/2008/03/logical-emergence-of-money-from-barter.html
legendary
Activity: 1260
Merit: 1000
It all really confuses the heck out of me.

What is there to be confused about?

Bitcoin - a peer to peer distributed but not decentralized corporation coin.

We aren't gonna defeat the Yids with this shit.  #InPhysicalSilverWeTrust

Talk to the hand . . .

sr. member
Activity: 420
Merit: 257
It all really confuses the heck out of me.

What is there to be confused about?

Bitcoin - a peer to peer distributed but not decentralized corporation coin.

We aren't gonna defeat the Yids with this shit.  #InPhysicalSilverWeTrust

Talk to the hand . . .
sr. member
Activity: 420
Merit: 257
It all really confuses the heck out of me.

What is there to be confused about?

Bitcoin - a peer to peer distributed but not decentralized corporation coin.

We aren't gonna defeat the Yids with this shit.

Aah, i found the "ignore" button. It´s so peaceful here, once you do that. Try it ! Ignorance is bliss.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
When exactly is the chain split? Do I need to transfer coins today or can I do tomorrow?


Are you a troll?? Smiley


And yes dumbass.. you need to take what is yours out of the exchange. Because I'm not sure what exchange you are on and what politics they will have about giving you back the other coin, BCC I think its called, in case you want to profit from both. So yes, take them out, then you wait to see how you split them. But basically my understanding is the account that has any kind of bitcoins in it after the chain split will have the BCC as well, so after that period if you move any BTC and the balance show you 0,0000 and you moved lets say 5,25525000 out of it. Then those 0,000.. have a hidden chain in them that the software doesn't recognize. So basically with the same address you use to move those 'invisible' BCC's after you move the BTC. Smiley  (edit: when the software for BCC will be available!(this ofc if you are clueless without an interface))
legendary
Activity: 1260
Merit: 1000
It all really confuses the heck out of me.

What is there to be confused about?

Bitcoin - a peer to peer distributed but not decentralized corporation coin.

We aren't gonna defeat the Yids with this shit.  #InPhysicalSilverWeTrust
sr. member
Activity: 420
Merit: 257
It all really confuses the heck out of me. But can you imagine, one guy asks another: Hey dude, got some bitcoincash. Dude answers, well no bitcoincash left, but bitcoincash is what we need, right. Bitcoincash.

Please don´t let me say "bitcoincash" for the rest of my life. I was happy with the name "bitcoin"  Smiley
legendary
Activity: 1512
Merit: 1012
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy   Sad
21/07 Mr Frog Sad
22/07 Protokol Sad
23/07 Bitcoinaire Sad
24/07 Lost_in_base Sad
25/07 rjclarke2000 Sad
26/07 Globbo  Sad
27/07 Poolminor Sad
28/07 TeeBone Sad
29/07 Ted E. Bear Sad
30/07 bahty. Sad
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
Will there be A fork at all......... 
legendary
Activity: 1806
Merit: 1828
When exactly is the chain split? Do I need to transfer coins today or can I do tomorrow?

BCC chain split is 08/01/2017 at 12:20 PM UTC.

Where from did you get that timeline ?



https://www.bitcoincash.org/

The first block must be more than 1k in size though, plus I'm not quite certain how soon the difficulty might lower. So it may take a while to get the first block after that time.
sr. member
Activity: 420
Merit: 257
When exactly is the chain split? Do I need to transfer coins today or can I do tomorrow?

BCC chain split is 08/01/2017 at 12:20 PM UTC.

Where from did you get that timeline ?

legendary
Activity: 1806
Merit: 1828
Strong recommendation to Roger Ver to work on his high level of aggressiveness. LOL

https://youtu.be/1KFCc8xBD6Q



Grin

It is a bit difficult to learn very much from this interview between Roger and Miss Bitcoin Japan, because they mostly speak in conclusions. It does seem that she has become very skeptical of roger and his motives, even though she has known him for 5 years - but surely she has difficulties expressing herself in English, but also she seem to be somewhat lacking in some understanding of various nuanced arguments in order to really present them to Roger -

I did notice one outline of a plan regarding bitcoin cash... and it seems that if they fork, they are wanting to use the fork as some kind of leverage to attempt to force bitcoin to hardfok scale up to 2mb in November - or otherwise to ramp up the competition at that point by directing all mining power to Bitcoin cash and attempt to get various other economic nodes to follow them in order to attempt to increase bitcoin cash liquidity and utility at that time in order to attempt to become a viable bitcoin competitor - also suggesting that there is going to be an ongoing incentive to continue to mine bitcoin cash throughout this time because if the difficulty level of bitcoin cash is lower, then it may well be equally profitable to mine some bitcoin cash (assuming that bitcoin cash is able to retain some market value with the passage of time)

Well BCC definitely has succeeded in generating a buzz. The r/btc reddit thread might as well change its name to BCC and the altcoin thread in this forum is showing brisk interest. They also are having some effects on the Bitcoin economy. One negative consequence is the mass exodus of coins from Coinbase. They are now facing 12+ hours of delay with withdrawals and are stating their decision of ignoring BCC is a key contributor to the backlog.
legendary
Activity: 1260
Merit: 1116

Blatantly silly statements

You have said that by citing my argument I do not understand it.  I think you don't understand what it means to present a proper argument.  Then you continue to assert your authority "exter's pyramid".  Your writing is long winded and full of obfuscation and bad assumptions. But I don't need to peel the layers away.  You have argued bitcoin cannot be what we are watching it be, a money and a currency.  You have suggested "metals" can only take the bottom role of the pyramid, as we watch golds price and relevance decline.

What other metals are you referring to?

Golds supply is not throttled and limited like you are assuming.  That is why it is losing its monetary relevance. 

Reality disagrees with your belief system.

And you can't send metals around the world like you can with bitcoin

You are making blatantly silly statements:
Quote
More blatantly silly statements

Indeed.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
Strong recommendation to Roger Ver to work on his high level of aggressiveness. LOL

https://youtu.be/1KFCc8xBD6Q



Grin

It is a bit difficult to learn very much from this interview between Roger and Miss Bitcoin Japan, because they mostly speak in conclusions. It does seem that she has become very skeptical of roger and his motives, even though she has known him for 5 years - but surely she has difficulties expressing herself in English, but also she seem to be somewhat lacking in some understanding of various nuanced arguments in order to really present them to Roger -

I did notice one outline of a plan regarding bitcoin cash... and it seems that if they fork, they are wanting to use the fork as some kind of leverage to attempt to force bitcoin to hardfok scale up to 2mb in November - or otherwise to ramp up the competition at that point by directing all mining power to Bitcoin cash and attempt to get various other economic nodes to follow them in order to attempt to increase bitcoin cash liquidity and utility at that time in order to attempt to become a viable bitcoin competitor - also suggesting that there is going to be an ongoing incentive to continue to mine bitcoin cash throughout this time because if the difficulty level of bitcoin cash is lower, then it may well be equally profitable to mine some bitcoin cash (assuming that bitcoin cash is able to retain some market value with the passage of time)


In my view 2mb would be borderline acceptable. But if it would be more, people would just move to another coin that would be more similar to the old version of what they had. Smiley  (I know I would)
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Are people actually getting 4-5% daily interest on lending BTC in polo??

Anyone try it? Is there a big risk of losing BTC?

There is a little risk, but you can lend for 2 or 60 days max. It ussually gaves 0.10% but because of speculation about aug 1st is giving like 4% daily return. there is no way to it to not be payed, because that money is used for margin trading.

I have been lending in poloniex for 2 months, it really works.





Are people actually getting 4-5% daily interest on lending BTC in polo??

Anyone try it? Is there a big risk of losing BTC?

The lowest loan offer right now is 3.1%.

The risks to loaning on POLO are listed below.
a) A flash crash happens and the POLO program doesn't call the margin in time for the loan taker to pay you back.
b) Polo's program has an error and you do not get your funds back,
c)Your Polo account gets hacked, and someone manages to steal you coins when they are not on order.
d)Polo becomes insolvent due to coins getting hacked/embezzeled/seized.




Thanks guys



Can I lend 100 BTC and make 3BTC/day??  Grin Grin Grin

That is called math, and the result 3/100 is 3% per day.. good job!!!!
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Strong recommendation to Roger Ver to work on his high level of aggressiveness. LOL

https://youtu.be/1KFCc8xBD6Q



Grin

It is a bit difficult to learn very much from this interview between Roger and Miss Bitcoin Japan, because they mostly speak in conclusions. It does seem that she has become very skeptical of roger and his motives, even though she has known him for 5 years - but surely she has difficulties expressing herself in English, but also she seem to be somewhat lacking in some understanding of various nuanced arguments in order to really present them to Roger -

I did notice one outline of a plan regarding bitcoin cash... and it seems that if they fork, they are wanting to use the fork as some kind of leverage to attempt to force bitcoin to hardfok scale up to 2mb in November - or otherwise to ramp up the competition at that point by directing all mining power to Bitcoin cash and attempt to get various other economic nodes to follow them in order to attempt to increase bitcoin cash liquidity and utility at that time in order to attempt to become a viable bitcoin competitor - also suggesting that there is going to be an ongoing incentive to continue to mine bitcoin cash throughout this time because if the difficulty level of bitcoin cash is lower, then it may well be equally profitable to mine some bitcoin cash (assuming that bitcoin cash is able to retain some market value with the passage of time)
legendary
Activity: 1806
Merit: 1828
I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.

5% being the max allowed.

Feeling a bit Jewish right now...

You don't need to be Jewish to take advantage of a situation and profit.  Cheesy I withdrew all of my BTC from Polo a couple of weeks ago, due to concerns being raised daily about their support/withdrawal issues and the recommendations of several trusted sources to move your coins to your control by August 1, just in case things go wrong. Also, I can now use my coins to claim free Byteball and BCC.
Just know, that POLO's policy will be to give free BCC to the person who took the loan and not the lender. May be why some people are willing to pay such outrageous rates to go long on bullshit. Guess they may think they have a hedge, now.


Are you sure that you got that correct?

If a loan is made before August 1, and bitcoin forks during the loan, then if Poloniex recognizes both chains, then would both chains be recognized as still being part of the pre-august 1 loan?  seems strange?

Same would be true on Bitfinex, and I did not think about the situation as being only one side of the loan.. so could be confusing, and maybe that is why Bitfinex rates are merely .4% per day, right now as compared with Poloniex rates? about a 10x difference in interest rates, no?


Yes, Bitfinex policy is to give the split coins to the lender. Poloniex policy is to give the split coins to the borrower.

https://www.bitfinex.com/posts/212/review
https://poloniex.com/press-releases/2017.07.24-Our-plans-to-handle-potential-BTC-network-disruptions/
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I now have several BTC loaned on Poloniex at between 4 and 4.9999% daily rate.

5% being the max allowed.

Feeling a bit Jewish right now...

You don't need to be Jewish to take advantage of a situation and profit.  Cheesy I withdrew all of my BTC from Polo a couple of weeks ago, due to concerns being raised daily about their support/withdrawal issues and the recommendations of several trusted sources to move your coins to your control by August 1, just in case things go wrong. Also, I can now use my coins to claim free Byteball and BCC.
Just know, that POLO's policy will be to give free BCC to the person who took the loan and not the lender. May be why some people are willing to pay such outrageous rates to go long on bullshit. Guess they may think they have a hedge, now.


Are you sure that you got that correct?

If a loan is made before August 1, and bitcoin forks during the loan, then if Poloniex recognizes both chains, then would both chains be recognized as still being part of the pre-august 1 loan?  seems strange?

Same would be true on Bitfinex, and I did not think about the situation as being only one side of the loan.. so could be confusing, and maybe that is why Bitfinex rates are merely .4% per day, right now as compared with Poloniex rates? about a 10x difference in interest rates, no?
sr. member
Activity: 532
Merit: 251


People who are unable to do anything but parrot an "authority figure" are the ones who have no understanding of economics.  Do you think anyone would care about what Nash said if he just parroted someone else?  It's not possible for any craptocurrency to defeat metals as the base of Exter's pyramid (lowest settlement layer) because bitcoin has built-in rent seeking middlemen and counter party risk.  You could even claim that since bitcoin requires a constant net energy/resource input >0 to appease these middlemen and not implode, that it's technically a debt based currency in practice.  It's just not lended into existence like a traditional one.

A typical debt based currency has a constant resource drain where the whole of society has to pay the interest rate (which is always higher than the principal and requires infinite growth) or the system dies.  In bitcoin, the miners just take the place of the bankers who the interest rate has to be paid to...or the system dies.  PoW is also designed to centralize, so you end up with the exact same type of central bank bank model bitcoin claims to be there to defeat. There is really no reason whatsoever to use bitcoin over gold and silver.  Metals actually remove counter party risk, don't have rent seeking middlemen, scale, and have no pseudo debt based element to them.
You have said that by citing my argument I do not understand it.  I think you don't understand what it means to present a proper argument.  Then you continue to assert your authority "exter's pyramid".  Your writing is long winded and full of obfuscation and bad assumptions. But I don't need to peel the layers away.  You have argued bitcoin cannot be what we are watching it be, a money and a currency.  You have suggested "metals" can only take the bottom role of the pyramid, as we watch golds price and relevance decline.

What other metals are you referring to?

Golds supply is not throttled and limited like you are assuming.  That is why it is losing its monetary relevance. 

Reality disagrees with your belief system.

And you can't send metals around the world like you can with bitcoin

You are making blatantly silly statements:
Quote
There is really no reason whatsoever to use bitcoin over gold and silver.
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