Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25590. (Read 26609871 times)
September 26, 2014, 08:55:33 AM
Shell shock?
September 26, 2014, 08:55:24 AM
wtf is taking so long for my fiat transfer 
Should have used Bitcoin
September 26, 2014, 08:54:19 AM
wtf is taking so long for my fiat transfer
September 26, 2014, 08:53:27 AM
shell shock news effecting price?
maybe..
Doubtful, you know that blank look you get when non-techies hear "command line"...maybe..
exactly they don't understand and fear sets in.
September 26, 2014, 08:46:41 AM
shell shock news effecting price?
maybe..
maybe..
September 26, 2014, 08:28:08 AM
I guess the fake bid wall at 400 got pulled and reset at 390?
September 26, 2014, 08:26:53 AM
I noticed a pattern.
too much talk in this thread = going sideways
too much talk in this thread = going sideways
September 26, 2014, 08:21:14 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
how can it be larger than it if it is dependent on it, where you came up with this logic ? listen to your self really.
Obviously means in some abstract sense not physical extent. But of course, his statement is meaningless without the additional details. An example could be "I believe that Bitcoin is larger in the sense that it will transfer more value than the internet does today (without bitcoin)," or "I believe the market caps of "bitcoin companies" will ultimately exceed that of "internet companies"".
For example, "Internet" companies have exceeded the market cap of "telecom companies", and most people would characterize the internet industry as "larger", yet the internet runs on telecom provided physical cables.
Anyway, you get the idea...
September 26, 2014, 08:20:50 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
how can it be larger than it if it is dependent on it, where you came up with this logic ? listen to your self really.
Because the innovation is bigger? Innovation as the jump from the previous plateau. Of course the transistor is a larger innovation than both (and arguably the largest innovation in human history).
September 26, 2014, 08:19:44 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
But this is where you are mistaken. Bitcoin is a protocol, that is true. Yet you fail to understand what it does.
Bitcoin forms probabilistic consensus on a ledger of units where ownership is proven through digital signatures.
The value lies in the ledger and that consensus is formed on it. Not on the concrete protocol specification
See, I know exactly what is Bitcoin, and everything I wrote above has a simple yet a deep meaning to it, now if you fail to see that, this simply means that you are way too much invested (blindly invested) into Bitcoin, and I honestly have no energy to argue or explain that to you.
It is my opinion on this matter, consider me wrong with the possibility of being right, also all you said above doesn't argue or solve the real known issues, so I don't see any value with arguing further with you.
This is you just backing out of the argument. I would love to get into specifics. Btw I am not heavily invested in bitcoin. I have a few but even if the bullish prediction of the vinklevii comes true it won't really change my life.
I am however massively excited about the possibilities provided by cryptocurrencies.
You know I don't have to subscribe to bitcoin as the winning ledger (yes, ledger not protocol) to believe in cryptos.
September 26, 2014, 08:17:28 AM
only willy bot can save us
September 26, 2014, 08:14:51 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
how can it be larger than it if it is dependent on it, where you came up with this logic ? listen to your self really.
September 26, 2014, 08:13:59 AM
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
Hah! September 26, 2014, 08:13:05 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
But this is where you are mistaken. Bitcoin is a protocol, that is true. Yet you fail to understand what it does.
Bitcoin forms probabilistic consensus on a ledger of units where ownership is proven through digital signatures.
The value lies in the ledger and that consensus is formed on it. Not on the concrete protocol specification
See, I know exactly what is Bitcoin, and everything I wrote above has a simple yet a deep meaning to it, now if you fail to see that, this simply means that you are way too much invested (blindly invested) into Bitcoin, and I honestly have no energy to argue or explain that to you.
It is my opinion on this matter, consider me wrong with the possibility of being right, also all you said above doesn't argue or solve the real known issues, so I don't see any value with arguing further with you.
September 26, 2014, 08:10:15 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
I would say Bitcoin is a larger innovation than the internet really (of course it is dependent on it).
September 26, 2014, 08:06:10 AM
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
But this is where you are mistaken. Bitcoin is a protocol, that is true. Yet you fail to understand what it does.
Bitcoin forms probabilistic consensus on a ledger of units where ownership is proven through digital signatures.
The value lies in the ledger and that consensus is formed on it. Not on the concrete protocol specification
[edit] To place an analogy. See bitcoin as the concept of sorting a list and the protocol as a concrete sorting implementation. It does not matter if you use quicksort or some weird randomized approach, the result is what matters.
September 26, 2014, 08:01:18 AM
September 26, 2014, 07:59:59 AM
...
if the technical part of Bitcoin stay as it is today, then simply Bitcoin wont survive for 20 years... and this is for sure.
if the technical part of Bitcoin stay as it is today, then simply Bitcoin wont survive for 20 years... and this is for sure.
You are bullish, in this case I'll only give it 4 - 5 years.
apart from the obvious answer to extend functionality would any of you care to elaborate why.
And please give concrete technical reasons
Even if you cant figure for your self half of the challenges Bitcoin is facing, there is a wiki for that... take some time and read about it here
This is exactly what annoys me about your attitude. You pretend to know it all yet when someone posts an embedded image in a quote you have no idea what is going on.
A lot of the presented attacks in that wiki are known weaknesses or potential attack vectors, yet many require focussed effort and a lot of financial power to be executed properly.
While your statement is totally true (any code that survives 20 years without any modification is either very basic and hence easy to prove fully correct or its effects are so neglectible that there is no real point in focussing attention on it) it was made to throw a bad light on the current status quo of the core protocol code.
Show me any complex software or service that will work for 20 years if external factors change.
"if the technical part of Google search stay as it is today, then simply Google search wont survive for 20 years... and this is for sure.
Statements like your original one just make you look like a fool
well I think most of you Bitcoin cultists refuse to be objective, and considering the fact that most of you call Bitcoin the most important innovation after internet, I would just like to point out that TCP/IP protocol didn't change much in a decade or so.... and no, Google is very very bad example in this case, we are talking about protocols that we can build on..
September 26, 2014, 07:57:24 AM
Dunno why he locked it but adams bitmovements is spot on.
Because he does not want trolls to dilute the content.
September 26, 2014, 07:55:49 AM
You have let the cat out. I wonder how the trolls will respond.
When you're observing reactions consider that I haven't made any comments at all directed at any specific post or forum member's behaviour. Jump to: