Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18733. (Read 26710011 times)

BULLSHIT. Go wash your mouth out with soap. You can't even lie right. (unless you work with retarded people. Do you work with retarded people?)

How is it that you still can't understand that it doesn't matter what money does over time when you pay your bills with it? Once the bill is paid, that money is out of your hands, don't worry about it. You get paid monthly, you pay your rent monthly. What's wrong with you?

That's true, and a large number of those nut jobs continue to attempt to spread the misinformation, and to make it seem as if they have some kind of "economic majority" even while the facts seem quite clearly going against their position... ..

If you repent now, Satoshi will forgive you.

If you buy him lunch.

Another bitcoin expert was telling me that the price is going up because halving, but ...you tell me it ain't so?

market wants peace and stability. nevertheless if core would come out tomorrow with a 2MB HF that activates in lets say early 2017 markets would do another leg up.

BitWage charges 1%. Biwala charges 1%.

I am paid in dollars. My rent is in euros. The exchange fee the guys at work pay is 4 to 5 percent.

Plus bitcoin is my main currency. It is made to gain value over time as opposed to federal reserve notes which are built with the purpose of losing value over time. Losing 1% up front does not keep me up at night.

Incredible how easy it is to manipulate opinion online.  There was a conscious effort to give the appearance that there was more support among the community for a contentious hard fork than there really was.  Every time something Classic was brought up, market dumped.  Now that the smoke has cleared, Bitcoin is mooning.  Hmm...  wonder what the market wanted. 

Lol @ security, when Thermos suggested destroying Satoshi's coins because worried that early addies are hackable
But shit, why even talk about that, when we both know that Bitcoin is simply a convenient gambling/money laundering vehicle, with usability/security providing a plausible backstory ("Officer, this isn't illegal gambling, we're investing here, honest!")

The problem with your barebones analogy is Bitcoin's already a junkwagon: no "good bones" here, no elegance. Just a bunch of angry nutters trying to tear each other a fresh one

Drivechain sidechains now on the bitcoin testnet--

https://www.instagram.com/p/BGVU6oWufgm/

Cost of production is doubling in less than a month ... that will set the new floor for bitcoin price to the $840-960 range (at the minimum without difficulty increases) in the medium term.

Cost of production for a monetary good is the economic defence against counterfeiting.  While gold is money, and sometimes attracts a monetary premium substantially above it's cost of production, for someone to produce gold "from nothing" they need to expend an equivalent amount of resources to the cost of production.  Over long terms the price of the monetary good may be attracted to its cost of production but ultimately that is as cheap as you can acquire it for, as long as it is still desirable as a monetary good.  For the same reason the lowest value of fiat paper money is the cost of the paper it is printed on and the ink, i.e. it's cost of production (about a few cents for a $100 bill).

While bitcoin is still valued as a monetary good, that can be transported in minutes across the internet as a final settlement for bearer instruments exchanged on a censorship-resistant network, it still needs to defend against counterfeiting.  The cost of production defends against counterfeiting since this is as cheap as you can produce bitcoin.  If bitcoin becomes more desirable for other reasons of its utility, such as store of value, medium of exchange (network effect increasing), etc., then it may easily attract a monetary good premium on top of the cost of production, but the cost of production has invariably set the floor for the lower bound on bitcoin prices, as long as it has remained a monetary good.

Bitcoin is still monetising.

Maybe it would help if you did not distort the facts?

The facts are more or less that XT/Classic failed to provide sufficient evidence or logic to support a protocol change that would involve a hard increase in the blocksize limit.  Accordingly, since there remains a lack of consensus for such position, there is no obligation for anyone to attempt to implement such a unnecessary change... that is only supported by a very small minority.... accordingly, the status quo continues, in which bitcoin is not broken.. and likely seg wit will be implemented and also achieve a consensus after a large majority of sensible folks realize that it is not controverted.

furthermore, your attempt to characterize the situation as some kind of blockstream manipulation is nonsense.  Bitcoin is decentralized, and therefore changes are difficult to achieve by any small group, whether that be blockstream, or the less popular but more whiny-vocal XT/Core criers over spilled milk.

That's part of the reason why I said good luck with attempting to continue to open cans of worms that really don't need to be opened, because bitcoin ain't broken and there is no emergency requiring such proposed remedies, such as making an immediate increase in the currently 1mb blocksize limit.

Money is the simplest blockchain application (Bitcoin).  Logically it's protocol architecture shouldn't include the weight and unnecessary complexity of a smart contract system.  You put that shit on top (lisk).  

From a security perspective (think wealth storage), simplicity wins out.  A house with fewer windows and doors leaves less potential security holes.  Ethereum will probably never be the "internet of money", and it's yet to demonstrate the utility of it's smart contracts.  I believe it will (and hodling ether), but it isn't a sure thing.  Bitcoin, at least, already works as money and as a store of wealth.

So, yes.  Bitcoin is fucking hip as hell.  The original.   

... it is becoming clear now he meant dragons not dinosaurs.

Because bitcoin is hip and happenin'?

Will the bears buy back in after 600? They sure should. Maybe they'll join us at 700?

the creep continues..

I'd be fine with the west taking us to 5000 CNY.

hope not, capitulation is often a reversal

Soon, it will be time for the bears to capitulate.  

Feel bad for the Ether bag holders, jumping in not-so-warm water shortly after a 15x increase.  Media like the Economist and NYT preaching a holy sermon all the while, and steering naive profiters away from Bitcoin.  Hype cycle, bitch.  Less uninformed Bitcoin hodlers, the better.  Send them to Ether.  

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