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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27586. (Read 26712700 times)

hero member
Activity: 910
Merit: 1003
As for the rest of the bitcoin protocol, and the Satoshi blockchain in particular, I am more skeptical than ever.
From you posting history, you seems much more interested in the timing of Chinese people eating and sleeping, rather than the design of blockchain.
I already answered that too, maybe 15,998,822 posts after that other question.  I am satisfied that the technical aspects of the bitcoin protocol are sound. (Except for the fact that it relies on a mathematical conjecture for which there is no evidence whatsoever; but if that conjecture fails, all internet payment schemes will collapse, not just bitcoin.)  It is the economical, political, and practical aspects that I am very skeptical about.

The sleeping and eating patterns of the Chinese are relevant to understanding what will happen to the price, which, you must agree, is an important factor in predicting its success.  They can indicate, for example, whether the volume there is fake or not, which exchanges are leading the market, why those Overstock and Winklevoss noises have no effect on price, etc.  Not as enlightening as dinosaurs, but infinitely more than any TA (even my own Chinese Slumber Method) or those log-scale straight line extrapolations.
sr. member
Activity: 263
Merit: 280
Big spike in Huobi 1d chart.





Also in the Huobi 1m chart:

sr. member
Activity: 354
Merit: 251
coinorama.net
What happened at Huboi 2 hours ago?  Huh

I am not sure the problem comes from huobi, I didn't catch anything strange on Coinorama

edit: actually, it may depend on the API being used
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1764
Merit: 1031
Define "large number of people".
If it is clearly stable and long term, even a few tens of thousands of legitimate users can be counted as success, I guess.  But note that there must be enough payment volume to support the miners through fees, once block reward dwindles.

And in the interests of making it a fair experiment, do you ever worry that your posts/articles might prevent that limited adoption happening (which would seem very unscientific)? And if not, what is the purpose of making them?
Finally, do you have a hat that you would be prepared to eat in the event that your threshold for adoption is met?
legendary
Activity: 2324
Merit: 1125
What happened at Huboi 2 hours ago?  Huh
hero member
Activity: 910
Merit: 1003
Define "large number of people".
If it is clearly stable and long term, even a few tens of thousands of legitimate users can be counted as success, I guess.  But note that there must be enough payment volume to support the miners through fees, once block reward dwindles.
legendary
Activity: 2156
Merit: 1070
Surprisingly consistent bullish channel on Houbi with increasing volume.

legendary
Activity: 1792
Merit: 1121
As for the rest of the bitcoin protocol, and the Satoshi blockchain in particular, I am more skeptical than ever.


From you posting history, you seems much more interested in the timing of Chinese people eating and sleeping, rather than the design of blockchain.
legendary
Activity: 1764
Merit: 1031
@Jorge
I'm curious. You're an academic, and a scientist, I believe. So any theory you hold must be falsifiable in order to be viewed as credible.
Under what criteria would you entertain the idea that you might be wrong about bitcoin, or cryptocurrency in general?
I answered this some 6,223,678,221 pages ago on this thread.  "Success" will be when bitcoin (or crypto) gets used by a large number of people because it is cheaper/faster/safer/easier/whatever than the alternatives.  Not because one has a BTC stash to burn, not to support the cause, not to evade taxes or make illegal payments, not because it is hip, not to speculate with, not out of curiosity, etc.

Offline key/address generation and asymmetric crypto-signing of "digital checks" are undeniable wins that I am sure will be widely adopted eventually.  As for the rest of the bitcoin protocol, and the Satoshi blockchain in particular, I am more skeptical than ever.


I must have missed that. I was probably distracted by a picture of a train at the time.
Define "large number of people".
hero member
Activity: 910
Merit: 1003
@Jorge
I'm curious. You're an academic, and a scientist, I believe. So any theory you hold must be falsifiable in order to be viewed as credible.
Under what criteria would you entertain the idea that you might be wrong about bitcoin, or cryptocurrency in general?
I answered this some 6,223,678,221 pages ago on this thread.  "Success" will be when bitcoin (or crypto) gets used by a large number of people because it is cheaper/faster/safer/easier/whatever than the alternatives.  Not because one has a BTC stash to burn, not to support the cause, not to evade taxes or make illegal payments, not because it is hip, not to speculate with, not out of curiosity, etc.

Offline key/address generation and asymmetric crypto-signing of "digital checks" are undeniable wins that I am sure will be widely adopted eventually.  As for the rest of the bitcoin protocol, and the Satoshi blockchain in particular, I am more skeptical than ever.
legendary
Activity: 1764
Merit: 1031
@Jorge
I'm curious. You're an academic, and a scientist, I believe. So any theory you hold must be falsifiable in order to be viewed as credible.
Under what criteria would you entertain the idea that you might be wrong about bitcoin, or cryptocurrency in general?
legendary
Activity: 1470
Merit: 1007
Jorge, dont you have a job?
And, by the way, last week a former student of mine came to ask me about bitcoin.  Someone was trying to get him into a GPU-based mining business.

I think I am doing my job by gawking here.

Agreed.

You're our mascot bear... you being around brings us luck, and will propel us to a new ATH!

Btw, if/when this party comes to fruition, and somehow your ticket would be paid for (only xbt accepted, hehe), would you consider joining? You could think of it as one of those field trips anthropologists go on :D
legendary
Activity: 2156
Merit: 1070
Jorge, dont you have a job?
And, by the way, last week a former student of mine came to ask me about bitcoin.  Someone was trying to get him into a GPU-based mining business.

I think I am doing my job by gawking here.

Sure whatever you need to tell yourself.

I hope you at least told him to take the money and invest it directly into BTC vs. mining equipment.

But, I am sure you told him to keep with fiat instead, and let it deflate along with the rest of the Brazilian economy.

hero member
Activity: 910
Merit: 1003
Jorge, dont you have a job?
And, by the way, last week a former student of mine came to ask me about bitcoin.  Someone was trying to get him into a GPU-based mining business.

I think I am doing my job by gawking here.
hero member
Activity: 910
Merit: 1003
I hate glitches like that because it stuffs up the view of the chart
On bitcoinwisdom you can select Settings/Chart range/Auto to clip such glitches.
Jorge, dont you have a job?
Or do you just take your tax payer salary, pocket it every week while you obsess over a currency you do not own?
Don't you have work to do?
It is 07:04 am here.  My class tonight starts early, at 19:00.
legendary
Activity: 2156
Merit: 1070
I hate glitches like that because it stuffs up the view of the chart
On bitcoinwisdom you can select Settings/Chart range/Auto to clip such glitches.


Jorge, dont you have a job?

Or do you just take your tax payer salary, pocket it every week while you obsess over a currency you do not own?

Don't you have work to do?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
I hate glitches like that because it stuffs up the view of the chart
On bitcoinwisdom you can select Settings/Chart range/Auto to clip such glitches.
legendary
Activity: 2156
Merit: 1070


NXT, more than any other coin and ecosystem has already decoupled from Bitcoin.

NXT price is hindered by the lack of exposure - the inability to implement its code into large exchanges like Mintpay due to the fact that its not a bitcoin clone. This has caused the dissemination of coins to be slowed down and a price "cap" to be forced on the coin for a long time now.

However, it has no less than 100 different development projects in the works, more than any other coin besides BTC.

NXT is a long term play, imo.  It might be at around the same price it is today (in BTC terms) 6 months from now. But when it "pops" it has the potential to pop big and have that pop be sustained.

Its definitely the lead dog in the 2.0 world. For now at least.

I guess no one told you about Mastercoin

Yeah, I know all about it. Its at the mercy of the bitcoin protocol and therefore is a non-starter imo.
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