Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24754. (Read 26712695 times)
November 02, 2014, 04:56:26 PM
>parrots ctrl c/ctrl vs chunks of Bitcoin whitepaper
November 02, 2014, 04:52:38 PM
Caution: short troll bait follows. Gold foil hat maybe required.
Bitcoin: A peer-to-peer electronic cash system.
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.
Bitcoin: A peer-to-peer electronic cash system.
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.
November 02, 2014, 04:49:49 PM
The utility of bitcoin is now a proven technology. Interestingly, coordinated attempts to keep price lower than natural will mean that the velocity of bitcoin will increase to sustain the demand for total transaction value.
As proven as any clonecoin. Because clonecoin can be simply a fork of Bitcoin.
Re. "coordinated attempts to keep price lower than natural": You need to use real tinfoil, the inferior fake aluminum foil sold to you by the gubemint clearly failed to protect you.
November 02, 2014, 04:43:06 PM
The utility of bitcoin is now a proven technology. Interestingly, coordinated attempts to keep price lower than natural will mean that the velocity of bitcoin will increase to sustain the demand for total transaction value.
November 02, 2014, 04:41:06 PM
Bitcoin is on a mathematical exponential adoption curve...
If Bitcoin is, then so is every coin. What makes Bitcoin different? Doge has had a much better start than Bitcoin has had, hitting the same market cap in a year that took Bitcoin ~5 years to reach.
So... Doge to da moon?
November 02, 2014, 04:36:42 PM
Why would I be ashamed? I think bitcoin is great.
How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?
Edit: the point being it isn't really relevant.
How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?
Edit: the point being it isn't really relevant.
I'd simply like to know, because it's funnier putting some numbers to your posts.
For instance, when BTC price drops another $10, I could say "sorry you're down a grand today, inca."
More personal that way, ukno?
November 02, 2014, 04:36:27 PM
Bitcoin is on a mathematical exponential adoption curve. The price will reflect that in longer time frames because of the limited supply. However in these early days there will be anomalous periods where new innovations (forward short-selling of mining contracts, trading bots, FUD bots, etc) and quasi-periodic waves of entrants distort the price, both above and below trend.
November 02, 2014, 04:35:48 PM
...Maybe two years is necessary to make sure there is a gain in saving.
No, you're missing the point. There is no guarantee you will gain tomorrow, in a month, in two years, or ever. Just like there is no guarantee you will loose all of your money.
Exactly what I said. How are we today?
November 02, 2014, 04:32:57 PM
Why not just tell me how much ur hodling, so I can put some numbers to the lel?
What, a bit like 'i'll show you mine if you show me yours?'
what is lel?
lel=lol=lulz=funny
So, you're happy to pimp Bitcoin, but too ashamed/embarrassed to admit how much ur hodling?
I know WHAT LampChop is HODLING...
November 02, 2014, 04:32:30 PM
...Maybe two years is necessary to make sure there is a gain in saving.
No, you're missing the point. There is no guarantee you will gain tomorrow, in a month, in two years, or ever. Just like there is no guarantee you will loose all of your money.
November 02, 2014, 04:30:33 PM
Why would I be ashamed? I think bitcoin is great.
How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?
Edit: the point being it isn't really relevant.
How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?
Edit: the point being it isn't really relevant.
November 02, 2014, 04:29:11 PM
Why not just tell me how much ur hodling, so I can put some numbers to the lel?
What, a bit like 'i'll show you mine if you show me yours?'
what is lel?
lel=lol=lulz=funny
So, you're happy to pimp Bitcoin, but too ashamed/embarrassed to admit how much ur hodling?
November 02, 2014, 04:27:30 PM
...
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis.
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis.
Why?
Quote
Speculators see this and want to front run the appreciation. We get a bubble, then a burst. This happens at all scales.
Either this works for all coins, including my Utter_Shit_Clonecoin, or you have to explain yourself. If universal, invest in my Utter_Shit_Clonecoin, because to the moon.
Quote
We have, in addition, external forces like scams and news. A mathematical appreciation is just not possible.
Then your "it's certain to go up" bit is nonsense, Q.E.D.
I think I argued well for the non-prettiness of the appreciation curve. There is no inconsistency. The appreciation for sure is in the long timeframe. How long is impossible to know, I did not think the bear market would last as long as it have. In retrospect, it turns out that five hundred and something days hoarding has historically guaranteed a gain (someone looked into that), but that of course does not guarantee anything for the future. We will see. Maybe two years is necessary to make sure there is a gain in saving.
November 02, 2014, 04:23:51 PM
>Bitcoin lasts 5-20 years
That is the end of that discussion then..
Apparently so
November 02, 2014, 04:21:24 PM
Why not just tell me how much ur hodling, so I can put some numbers to the lel?
What, a bit like 'i'll show you mine if you show me yours?'
what is lel?
November 02, 2014, 04:18:41 PM
...
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis.
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis.
Why?
Quote
Speculators see this and want to front run the appreciation. We get a bubble, then a burst. This happens at all scales.
Either this works for all coins, including my Utter_Shit_Clonecoin, or you have to explain yourself. If universal, invest in my Utter_Shit_Clonecoin, because to the moon.
Quote
We have, in addition, external forces like scams and news. A mathematical appreciation is just not possible.
Then your "it's certain to go up" bit is nonsense, Q.E.D.
November 02, 2014, 04:12:59 PM
Don't worry lamb chop I can handle a bit of volatility. Not everyone who is bullish bought in at 1200 you know 
Why not just tell me how much ur hodling, so I can put some numbers to the lel?
November 02, 2014, 04:12:36 PM
>Bitcoin lasts 5-20 years
That is the end of that discussion then..
November 02, 2014, 04:11:34 PM
Going up now.
November 02, 2014, 04:10:33 PM
If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
According to your logic, the flow has been from USD->BTC. But... then it wasn't, for close to a year now. Explain this shit.
If you are interested in the fate of bitcoin over the next 5-20 years ...
>Bitcoin lasts 5-20 years
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