Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19957. (Read 26608454 times)

People live in poor countries, where a couple of bucks a day is real money. Theoretically, one could make that much with just a handful of accounts. This could be supplemented with account farming -- aging accounts by posting, and selling them to other bTC.coin entrepreneurs.

They could easily add extra priority points for transactions that use sw.

how much do signature campaigns work, because if bitcoin takes off even a little and we get newer people im sure it would be worthwhile.

Our Fearless Leader is pulling out all the stops -- encouraging paid posting (signature ads), multiple accounts, account farming, making new subs for ponzi promoters, etc., etc.
Pumping this lame pony full of pure adrenaline to get it to crawl.
And yet...

P.S. Did you know what happened to the forum money? Fearless Leader spent $2.3 million on new forum software that is "about 85% complete."

So 400, when?

Price drops by a buck in 24 hours

BTW, how long does an 8ball of meth last you, having to post as much as you do? Or do they just mix in some bath salts into your feed?
Serious question, cos as disruptive as you are, you're clearly at the tipping point.
The comedown's gonna be a little rough, as in swan-dive from a highway overpass, into heavy traffic.
Hope you're antifragile, buddy

*I do approve of the psychotic text effects tho -- gives you that "don't fuck with me bro, I CRAAAzZZy!" panache!

And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

To be sure, Blockstreamers only now are coming to realize that an increase of the effective block size limit to 4 MB will have the unexpected and unwelcome consequence of increasing the effective block size limit to 4 MB.

 So Luke has already proposed to keep the 1 MB limit for the total block size, including the segregated part.

But they should not worry, since the space savings will only occur if the clients start issuing transactions in the new SW format.  Which will not happen right away, if SW is deployed by soft fork.  And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years.  The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s.  As I write this article, the price of U.S. oil is sitting at $37.65.  For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy.  Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date.  The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.

Analysts at Goldman Sachs are even more pessimistic than that. According to Business Insider, they are saying that we could eventually see the price of oil go below 20 dollars a barrel…

At OPEC’s meeting on Friday, member countries decided to set its production level at 31.5 million barrels per day, and did not agree on what the new limit should be.

After OPEC’s meeting, commodity strategists at Goldman put out a note saying that oil prices could plunge another 50% in the coming months, as the oil market tries to rebalance the supply and demand situation.

That may sound really good to you, especially if you fill up your gas tank frequently.  But the truth is that plunging oil prices are exceedingly bad for the U.S. economy as a whole.  In recent years, the energy industry has been the primary engine for the creation of good jobs in this country, and now those firms are having to lay off people at a frightening pace.  Not only that, CNBC’s Jim Cramer is warning that many of these firms may actually start going under if the price of oil doesn’t start going back up soon…

Former global macro fund manager Raoul Pal says there’s now a 65% chance of a global recession.

What amazes me is that so many people out there cannot see what is happening even though the next great crisis has already started.  The evidence is all around us, and yet so many choose to be willingly blind.

Instead of fixing our problems after the last crisis, we just papered them over with lots of money printing and lots more debt.  And of course all of this manipulation just made our long-term problems even worse.  I really like how Peter Schiff put it recently…

What’s happening is pretty much what we would anticipate. I don’t see from the data any real economic recovery, certainly not in the United States.

We’re spending more money, but it’s not because we’re generating more wealth. We’re generating more debt. We’re using that borrowed money to consume and so temporarily it feels that we’re wealthier because we get to spend all that money… but we have to come to terms with paying the bill.

The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it.

And then the party is going to come to an end.

Indeed – the party is coming to an end, and a new financial crisis is playing out in textbook fashion right in front of our eyes.

Hopefully you are already prepared for what is coming next, because it is going to be extremely painful for the U.S. economy.

http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/segregated-witness-and-its-impact-on-scalability/

I think even the worst of the big-blocker-or-bust have to stfu and think before looking very stoopid now.