Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23564. (Read 26714050 times)
January 13, 2015, 10:53:13 PM
There is a risk that if too many miners go offline block creation may stall.
January 13, 2015, 10:52:32 PM
Jesus fucking christ
http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says
http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says
When there is blood in the streets it is time to buy.
I dont think that's how the saying is meant to be used, buuuut... I suppose, this is the literal definition.
January 13, 2015, 10:47:05 PM
Jesus fucking christ
http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says
http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says
When there is blood in the streets it is time to buy.
January 13, 2015, 10:43:52 PM
January 13, 2015, 10:34:10 PM
with bitcoin market like this anyone can sleep at night 
what will happen tommorrow ?
what will happen tommorrow ? don't worry, they still got to get all the illegal immigrants money into the banks.
January 13, 2015, 10:33:03 PM
Huobi seems to like being l33t
January 13, 2015, 10:31:55 PM
Quote
what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?
From what it I have read you may be mistaken about what I find valuable in this technology and the network.I know that there are people who care for bitcoin for "ideological" reasons, and would get very upset about any deviation from what they perceive as the "core values" of the project. (Mircea Popescu's "war declaration" about increasing the block size is an example of that.)
However, I believe that the ideologues are a very small fraction of the people involved in the bicoin "industry", and have very little power over it -- economic, computational, or managerial. I believe that the vast majority of the bitcoiners (say, 99.9%) do not care about those "core values", and would not be upset if they are violated. On the contrary, the major players would use their economic power to convince everyody that the violations are unimportant, or even good for bitcoin.
In fact, I believe that many of the "ideological" supporters would choose to conform to some violations of the principles, rather than see the project collapse because of "civil war".
I see that already happening now, about the centralization of mining. True believers should have committed suicide the moment that GHash.io got more than 50% of the hashpower. Instead, people preferred to believe the argument that a majority miner (or coalition of 4-5 miners) would never want do any of the naughty things that it could do, because of "the incentives"; and just carried on.
One can't factor out the human trait of greed and ego.
January 13, 2015, 10:29:43 PM
To me the value is what you send and what the other party receives is 100% verified by 3rd party participants and I can't not say the same for ripple as it is centralized in its inception.
But again, most of the time the counter-party free aspect of bitcoin is mostly related to the privacy-paranoia vague narratives of bitcoin in the first place.
What you say is true along with it's own challenges that given time will succeed as a medium to help move the banking institutions into this technology space.
At present it has specialized use of the crypto technology with little flexibility for other use.
January 13, 2015, 10:28:52 PM
with bitcoin market like this anyone can sleep at night what will happen tommorrow ?
what will happen tommorrow ? 
January 13, 2015, 10:23:17 PM
with bitcoin market like this anyone can sleep at night what will happen tommorrow ?
what will happen tommorrow ? January 13, 2015, 10:22:26 PM
To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.
If you want people to take you seriously, you need to improve your written english.
Threw /= Through (I know they sound the same).
You sort "the wheat from the chaff" (chaff is the hull of the wheat which is not digestible in humans but is often used for livestock fodder)
I appreciate your candid remark, English is not my first language.
January 13, 2015, 10:19:24 PM
Quote
what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?
From what it I have read you may be mistaken about what I find valuable in this technology and the network.I know that there are people who care for bitcoin for "ideological" reasons, and would get very upset about any deviation from what they perceive as the "core values" of the project. (Mircea Popescu's "war declaration" about increasing the block size is an example of that.)
However, I believe that the ideologues are a very small fraction of the people involved in the bicoin "industry", and have very little power over it -- economic, computational, or managerial. I believe that the vast majority of the bitcoiners (say, 99.9%) do not care about those "core values", and would not be upset if they are violated. On the contrary, the major players would use their economic power to convince everyody that the violations are unimportant, or even good for bitcoin.
In fact, I believe that many of the "ideological" supporters would choose to conform to some violations of the principles, rather than see the project collapse because of "civil war".
I see that already happening now, about the centralization of mining. True believers should have committed suicide the moment that GHash.io got more than 50% of the hashpower. Instead, people preferred to believe the argument that a majority miner (or coalition of 4-5 miners) would never want do any of the naughty things that it could do, because of "the incentives"; and just carried on.
January 13, 2015, 10:18:06 PM
January 13, 2015, 10:15:53 PM
To me the value is what you send and what the other party receives is 100% verified by 3rd party participants and I can't not say the same for ripple as it is centralized in its inception.
But again, the counter-party-free aspect of bitcoin is mostly related to the privacy-paranoia vague narratives of bitcoin in the first place.
January 13, 2015, 10:15:12 PM
To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.
If you want people to take you seriously, you need to improve your written english.
Threw /= Through (I know they sound the same).
You sort "the wheat from the chaff" (chaff is the hull of the wheat which is not digestible in humans but is often used for livestock fodder)
January 13, 2015, 10:05:07 PM
What are [the "trolls"] gonna do with their lives if Bitcoin really does die?...
I don't think that bitcoin will die so soon. Bitcoin does not need to be worth more than 0.10$ to fullfill its purpose of a proof of concept, and will find plenty of volunteers to keep it running, even at that price.
What may die is the economy that was built on top of it, that assumed it would
There are serious trust issues that are inevitable with your suggested solution. Employee theft is a reality and under such controls they would have a field day.
However I can see them using "bitcoin" as a trusted communication tool between large institutional banks.
January 13, 2015, 10:01:54 PM
What are [the "trolls"] gonna do with their lives if Bitcoin really does die?...
I don't think that bitcoin will die so soon. Bitcoin does not need to be worth more than 0.10$ to fullfill its purpose of a proof of concept, and will find plenty of volunteers to keep it running, even at that price.
What may die is the economy that was built on top of it, that assumed it would
January 13, 2015, 10:01:10 PM
The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.
Ignorance is not bliss.
This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity.
Ignorance is not bliss.
This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity.
To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.
I just wanted to add.
I remember playing a game called Bards Tale. There was a chapter in the game where the hero had to listen to confined prisoners in order to free them. However only 1 truly knew the answer. Yet the other 2 made such a convincing argument that they were correct.
If you ended up listening to the one that actually knows the sequence then all the prisoners would not die.
IF you are a bull or bear, be humble and KNOW THIS. Hindsight is 20/20.
It's funny because I played Bards Tale while in college and remember that. And the 15 minutes it took to load the floppy. haha.
January 13, 2015, 10:00:02 PM
January 13, 2015, 09:58:45 PM
Jump to: