Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16846.

drbrockcoin

full member

Activity: 137

Merit: 100

For your listening pleasure, Fuck World Trade!

Quote from: JimboToronto on July 30, 2017, 11:00:53 AM

Good morning Bitcoinland.

It's bouncing up and down quite nicely with indecision in anticipation of Aug 1-4 I see... currently $2746USD (Bitcoinaverage).

Good for day traders I suppose. No dips deep enough for me to buy though.

So do you think we will see a significant price drop before the 1st of August? I think it may break ATH in the next 12 hours or so. And if that happens will it go crazy? or remain calm until the FORK?

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Good morning Bitcoinland.

It's bouncing up and down quite nicely with indecision in anticipation of Aug 1-4 I see... currently $2746USD (Bitcoinaverage).

Good for day traders I suppose. No dips deep enough for me to buy though.

drbrockcoin

full member

Activity: 137

Merit: 100

For your listening pleasure, Fuck World Trade!

Time for MOOON?
Cup and Handle pattern...

williamuk

member

Activity: 70

Merit: 10

Quote from: ?? on ??

In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.

Unlikely to happen since Bitpay is part of the conglomerate (http://dcg.co/portfolio/) that controls Blockstream / Core. Whatever Bitpay do is likely to be in support of DCG and DCG / Blockstream / Core is behind the 1Mb constraint

It's one big centralisation effort presented as decentralisation. You've got to admire how well they've managed to mislead so many for so long.

hodl_2015

member

Activity: 371

Merit: 57

Quote from: fabiorem on July 30, 2017, 08:26:50 AM

Mp3 was not very popular at the time, there were no smartphones, no usb sticks.

And on my 486 CPU it took 16 hours to convert 1 hour of ripped WAV files to a stereo MP3. None of this real-time encoding 4k video from a cheap phone.

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: ?? on ??

Quote from: traincarswreck on July 29, 2017, 07:41:26 PM

Quote from: ?? on ??

Quote from: fluidjax on July 29, 2017, 05:41:58 PM

This should cheer you all up, some quality Game Theory Analysis of Bitcoin Cash.

https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-understanding-game-theory-f87858bf8791

TLDR: There is no economic viability to bitcoin cash. There is no founded argument for its valuation. The exchanges and companies that support it are insecure and nefarious.

and a coin with 1mb blocks forever has economic viability?

Yes it does. It would help us secure bitcoin's greatest use case: https://medium.com/@rextar4444/bitcoins-most-valuable-usecase-7f5c6e95be22

Whereas targeting the block size for some arbitrary optimal or maximum transaction capacity serves no founded argument.

Lots of holes on this article, it boils to down to keeping Bitcoin in a limited circle of people under the guise of "decentralization" ignoring advances in hardware and bandwidth. But 640kb ought to be sufficient for everybody right?

list of bs points:

Quote

Bitcoin As A Settlement System Scales Indefinitely
Bitcoin As Coffee Money Doesn’t Provide A Unique Service
Increasing Low Value Bitcoin Usage Doesn’t Necessarily Increase Its Value As Per Metcalfe’s Law
Bitcoin As A Coffee Money Doesn’t Scale

In a 5 years time a 1mb chain will be completely forgotten, after Bitpay accepts Bitcoin Cash its game over.

Nobody cares about BitPay. In 5 years time BitPay will be forgotten.

aesma

hero member

Activity: 2604

Merit: 961

fly or die

Quote from: Asrael999 on July 30, 2017, 07:16:18 AM

Quote from: Dotto on July 30, 2017, 06:53:10 AM

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

I think the arguement lies something along the lines of the following, overtime more and more coins would be held in segwit rather than in on chain addresses (as currently). This results in an incentive for a miner with sufficient hash power to fork Bitcoin again into a chain which no longer provides segwit functionality - they would then "spend" the segwit coin to themselves on their new chain - all those who had held their coin via segwit recorded transactions would lose their coin and there would be no recourse. It is assumed that this will happen as eventually the value of the coins held in segwit related accounts will be so big the economic incentive to do will be to big to ignore.

I fully admit my understanding here is incomplete/limited so I maybe misunderstanding or misrepresenting the argument.

That potential value doesn't exist if the fork is not followed. Like some here are repeating, cryptos are only worth what we want it to be worth. BCC might be worth something in the future, in part because it is done "the right way", BTC holders get BCC, no ifs and buts.

It's a hard fork but it's not screwing people.

The fork you're describing has as a goal to screw over millions of people. Why would those new coins be worth anything, who would put money in that shitcoin ?

rjclarke2000

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Activity: 1358

Merit: 1016

Quote from: oda.krell on July 30, 2017, 09:33:01 AM

Quote from: rjclarke2000 on July 30, 2017, 09:27:54 AM

[...]

I believe that was not stolfi's whole quote. This is the original:-

"I will try and keep my negativism to myself.......except writing more pessimistic know it all shit on bitcointalk and Reddit for the next 2-3 years or so and I may also write a bullshit report to the SEC explaining what a ponzi untrustworthy so called asset bitcoin is. Apart from that I will keep my negativism to myself I promise. I wish that things turn out as well as possible for everybody and you all lose you bitcoins and burn in hell as you should have listened to me as I am a professor and you are all spotty scrubs living in your parent's basement."

jstolfi

Granted, stolfi was stubborn as hell, and his biases tended to cloud his (generally) informed judgments to the point where they became uninformed again. Still, I had some of the better discussions in here with him, so I for one miss the old geezer.

I believe he still posts on Reddit.

oda.krell

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Activity: 1470

Merit: 1007

Quote from: rjclarke2000 on July 30, 2017, 09:27:54 AM

[...]

I believe that was not stolfi's whole quote. This is the original:-

"I will try and keep my negativism to myself.......except writing more pessimistic know it all shit on bitcointalk and Reddit for the next 2-3 years or so and I may also write a bullshit report to the SEC explaining what a ponzi untrustworthy so called asset bitcoin is. Apart from that I will keep my negativism to myself I promise. I wish that things turn out as well as possible for everybody and you all lose you bitcoins and burn in hell as you should have listened to me as I am a professor and you are all spotty scrubs living in your parent's basement."

jstolfi

Granted, stolfi was stubborn as hell, and his biases tended to cloud his (generally) informed judgments to the point where they became uninformed again. Still, I had some of the better discussions in here with him, so I for one miss the old geezer.

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Quote from: PoolMinor on July 29, 2017, 07:14:28 PM

Quote from: JorgeStolfi on February 15, 2014, 08:39:55 PM

I will try to keep my negativism to myself. I wish that things turn out as well as possible for everybody...

Oh the good old days........

I believe that was not stolfi's whole quote. This is the original:-

"I will try and keep my negativism to myself.......except writing more pessimistic know it all shit on bitcointalk and Reddit for the next 2-3 years or so and I may also write a bullshit report to the SEC explaining what a ponzi untrustworthy so called asset bitcoin is. Apart from that I will keep my negativism to myself I promise. I wish that things turn out as well as possible for everybody and you all lose you bitcoins and burn in hell as you should have listened to me as I am a professor and you are all spotty scrubs living in your parent's basement."

jstolfi

FractalUniverse

hero member

Activity: 1034

Merit: 558

Quote from: ivomm on July 30, 2017, 01:15:31 AM

Jihan Wu dumped 3K bitcoin on bitfiniex in 5 mins. Only 1% damage. He will see what a real dump is on his BCC on 1 Aug Grin

does it mean he has some 10m dollars or maybe more sitting there, ready to buy/support/pump BTH? Shocked

Torque

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Activity: 3794

Merit: 5474

Quote from: r0ach on July 30, 2017, 04:55:11 AM

Why? Be the change you want to see in the world. In the words of right wing death squad leader Duterte:

This quote is the classic mindset of a Dictator. Exactly what Mussolini, Hitler, and Hussein thought. And what Maduro is thinking right now.

fabiorem

sr. member

Activity: 1400

Merit: 347

Quote from: NewWorldCoiner on July 30, 2017, 04:12:35 AM

Quote from: savetherainforest on July 30, 2017, 03:52:22 AM

Quote from: becoin on July 30, 2017, 03:37:43 AM

Quote from: fluidjax on July 30, 2017, 03:25:59 AM

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Tell that to the music, movie and video game addicted millennial.

Middle finger will be shown to the government promptly! Cheesy

Like they did in 2001? People signed up in droves for the chance to fight. Propaganda and media manipulation are very powerful tools.

Shit, where were those WMD's again?

Mp3 was not very popular at the time, there were no smartphones, no usb sticks.

Movies were not in high definition. Most monitors were still CRT.

Video games were niche, often hard, the masses regarded as something for children.

There were no millennials back 2001.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: becoin on July 30, 2017, 03:37:43 AM

Quote from: fluidjax on July 30, 2017, 03:25:59 AM

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....

It's really coming and it ain't be fun. US desperately need another WW.

Don't worry, they're desperately working on that behind the scenes as we speak. Can't have all those millions of barrels of oil just stockpiling in shipyards around the world with no usage. Got to protect the honey pot and get that oil burned up so they can pump more. Otherwise the price of oil will plummet to below $25/barrel and the poor Global elite's wealth will suffer miserably.

That's why you constantly see new MSM articles about North Korea firing missiles. It is all planting the seeds within the populous to prep them for things to come that are already being planned by the Globalist Deep State.

I mean, just take a look at this article headline. How in the fk would the U.S. Army know or predict such things before it has even happened yet?
http://www.newsweek.com/next-us-war-long-hard-take-entire-country-win-army-chief-643520

Asrael999

hero member

Activity: 703

Merit: 502

Quote from: Dotto on July 30, 2017, 06:53:10 AM

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

I think the arguement lies something along the lines of the following, overtime more and more coins would be held in segwit rather than in on chain addresses (as currently). This results in an incentive for a miner with sufficient hash power to fork Bitcoin again into a chain which no longer provides segwit functionality - they would then "spend" the segwit coin to themselves on their new chain - all those who had held their coin via segwit recorded transactions would lose their coin and there would be no recourse. It is assumed that this will happen as eventually the value of the coins held in segwit related accounts will be so big the economic incentive to do will be to big to ignore.

I fully admit my understanding here is incomplete/limited so I maybe misunderstanding or misrepresenting the arguement.

Dotto

legendary

Activity: 981

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No maps for these territories

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

Pajulapoiss

sr. member

Activity: 554

Merit: 251

Quote from: r0ach on July 30, 2017, 04:24:56 AM

Quote from: fluidjax on July 30, 2017, 03:25:59 AM

Quote from: r0ach on July 30, 2017, 02:39:11 AM

There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.

Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet.

If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it

So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2, 5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when?

I typed it up into a full r0ach report:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-up

I agree that there will be big trouble in fiat currency's within the next few years and the system blow-up is more or less inevitable in the long run.

But why silver?
I could see some independent crypto-currency as a safety net, whether it'll be btc or something else - time will tell. If we do get sucked into hyperinflation, the btc price will only rise, compared to fiats - because the latter is dropping in value.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Huntercoin?

Silence of the Lambos

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: fluidjax on July 30, 2017, 04:36:32 AM

Quote from: r0ach on July 30, 2017, 04:24:56 AM

Something between a few months to 24 months is probably pretty accurate. All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.

Thankyou for pinning it down, and your explanation. I'm counting down till July 2019

You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.

Why? Be the change you want to see in the world. In the words of right wing death squad leader Duterte:

fluidjax

hero member

Activity: 750

Merit: 601

Quote from: r0ach on July 30, 2017, 04:24:56 AM

Something between a few months to 24 months is probably pretty accurate. All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.

Thankyou for pinning it down, and your explanation. I'm counting down till July 2019

You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.

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