Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4394. (Read 26711057 times)

Don't worry about it.  It's ok.  But it's a good lesson to learn.  Someone who has been around bitcoin since 2011, but is perhaps smarter than me, could be wealthy now.  And therefore he and his family could be a target for people who expect to threaten him.  Things like his history, the city in which he lives.  Those are details that could be dangerous for a person like that.

First of all, I am not rich, thanks to my lack of wisdom, as well as money back in 2011, and until now. 

Bitcoin will have to go up many orders of magnitude more before i could possibly retire.

You were clever to go and look.  But it is impossible for me to know your motives.  So, out here I am going to let you know... one person to another.

So, no hard feelings.

To be honest, I had a headache after this incident, And I feel shy to reply to you about why I did. I doubt I don't have a sense of humor or basic common sense. To be honest, I thought you would appreciate me just because I remembered some golden old days. But, I forget that every coin has two sides. This is a good lesson for me. I forget to say sorry. I am really "SORRY" and apologize.

I also Noticed maybe The JayJuanGee Put me on his ignore list just because of my common sense.

Explanation

Yes.. some of us like to distract our lil selfies with irrelevancies...


hahahahahaha


#nohomo


Though I appreciate your nostalgia for a kind of "grounding in" tradition.. but a bit much for this here cat.


I agree with the various points that you mentioned in your post.. but regarding the above snipped part, I still must exclaim: "Holy shit BBunny!"

Doesn't the obfuscation and confusion go way the fuck beyond merely trying to show that they are "more responsible" and reserving capacities to do whatever they want in the future?  It seems to me that another very problematic area is that no one has hardly any clue (except perhaps some of those same insiders like Vitalik) regarding what the supply was in the first place.  So how the hell are we going to know if their cutting of any of the supply has any kind of actual physical impact or whatever because we have no clue about the starting off number.... In other words, they could burn 2 billion ethereum, and if they still have another 4 billion in reserves beyond the actual known supply then what difference would their burning make beyond just the creation of a ploy or an appearance.[/list]

Perhaps, but I am always sus on timing of such MSM displays.

The bigger question is why now?

This Michael Saylor Tucker Carlson interview might be more important than we might think...

It is not.

Do you want to actually debate this statement, or like everyone else do you want to make a blanket generalized statement without evidence to support it?

Momentum in price is not evidence that ETH contributes anything.

I generally agree on eth, which has MANY flaws with huge pre-mining being the most galling example, BUT the darned thing has momentum and there is some chance that it (or some other coin peddled by investment banks) would "flip" bitcoin.

I would be sad if it happens.

The main cause of that potential flip would be that less people (especially, developers) are working on bitcoin vs ethereum, hence less people improving it.
Human endeavors with more people actively involved tend to progress faster.
However, what do I know? Maybe eth itself would be supplanted (since it is darned expensive to use) by some other protocol, which seem to be growing and getting allegiances incredibly fast right now.

TL;DR poo-pooing eth is justifiable, but it is a strong competitor that is not to be easily disregarded.

I hope we won't see another Floor Cracking move instead.

Without getting too much into shitcoin discussions and comparison/contrast of various shitcoins, Raoul Pal does tend to provide decent arguments for both allocation of risks and taking gambles on upside performance, so it can be a wee bit difficult to assert that he is "doing it wrong" - even though on a personal level I have continued to have issues with spending any kind of meaningful time to study various possible Ethereum upside performance scenarios - because I am concerned about various rug pulls that could come at any time and including the fact that so many shitcoins and scams are built upon it, which causes me additional reservations regarding a variety of ongoing risks for crashes or breakenings of the systems underlying that seemingly smoke and mirrors project.. that could even remain sustainable for way the hell longer than anyone would consider to be possible... would we say ponzi scheme upon ponzi scheme but it keeps going and even various semblance of officialdom by having some credible players participating in that crazy-ass house of cards of multiple scammenings.

Of course, bitcoin has way stronger underlying foundations in which its base would not be so easily threatened, even if some scammy projects could end up still being built upon bitcoin too.. but like you summarize PPlayer.. there is a kind of foundational level with BTC that allows a very integral and intimate ability for individuals to be enpowered to be their own bank.. and even if neither banks nor governments disappear, they are likely going to have to adapt to foundational competitive aspects of bitcoin that cannot be stopped in any kind of meaningful or significant way - because of the way that bitcoin is designed, including proof of work in which no other coin or project has that - even if ethereum might try to present itself as the same thing and perhaps part of the aspect that remains so bothersome with Raoul Pal remains that he is part of the problem of obfuscating such differences in his touting and investing into ethereum that likely causes normies to be confused in terms of falsely equating that ethereum offers some kind of similar product (and even sometimes wrongly implying that ethereum is superior based on some possible short term pumpamentals that might actually seem to exist... .which does not take away from it being mostly vapourware that a whole hell of a lot of people are simultaneously pumping up... so surely short-term outperforming bitcoin does happen through those kinds of mechanisms but for many of us does not cause the ponzi-scheme natured crap to suddenly become "investible" merely because a bunch of snot-nosed retards (ok. I am exaggerating a wee tiny bit just to make a point) - including Raoul Pal.. hahahahaha.. are jumping on the bandwagon).

What are these subsidies they speak of?

Explanation

And every time some sucker pays hundreds or thousands of dollars for an NFT of a free jpeg, Vitalik and Anthony get richer.

Great story Jimbo! And so true about ETH.

I remember the days on the WO thread when ETH (then ETC) was around $0.50/etc, and even Adam was going around saying "Anyone want to buy 1000 etc from me? Lol."

No one that had looked into ETC would take him up on it. That spoke volumes.


Same here. The potential to make any profit from ETH never mattered to me, what mattered is that it had all the hallmarks of a scamcoin from the very beginning. And since then nothing has changed, except that the scam has gotten bigger, and worse. The people involved are being gaslit into believing something that will never be true.

Good morning Bitcoinland.

Still bouncing along in the $5xxxx range... currently $58402USD/$74455CAD (Bitcoinaverage).

Time for a serious move upward.


Or maybe he just wanted to retire and live happily ever after.

Look at Microsoft. Gates went on to face senate subcommittees and live his life with the suits.

Paul Allen retired as a multi-billionaire, bought the world's biggest yacht and private submarine, started theme parks and museums, and spent $20m to help Bert Rutan win the $10m Ansara X Prize.

Who was smarter?


Post of the day (year?).

I was present when Vitalik unveiled his plan to create Ethereum at Anthony DiIorio's Bitcoin Decentral (as it was called then) on Spadina Ave., Toronto in January 2014.

We were all offered the chance to buy in cheap in the pre-sale, but he only accepted real Bitcoin, not dollars.

While I was fascinated by his concept of smart contracts and liked his idea of multiple mining algorithms, I was appalled at the pre-mining, unlimited supply, and general lack of decentralization. My alarm bells started ringing. I smelled scam. I took a pass.

Sure, I could have made a lot of money. It made a multi-billionaire out of Anthony.

I wasn't into Bitcoin to try to make money though. That just happened. I was originally attracted by the decentralization and peer-to-peer networking. When I'd first discovered Napster, it wasn't, "oh boy, free music", it was "oh wow, p2p file sharing". I watched as it morphed from fully centralized Napster, through Gnutella, to Bittorrent, and then to Magnet Links, becoming more and more decentralized as it went. When I saw that Bitcoin combined that with the monetary system, I was sold. I saw Bitcoin as doing for wealth what the internet did for information.

Within a year, DiIorio had dropped the word "Bitcoin" from Decentral and turned it into a for-profit business. Sorry Anthony, your shearling coat doesn't cover up your wolfishness.


Precisely. Dude, you're on a roll today.

Making already expensive transactions even more expensive by taxing the users with additional fees via burning seemed quite odd to me as well.

https://metro.co.uk/2021/11/30/pokemon-go-creator-niantic-launches-bitcoin-hunting-ar-game-15690630/




"Every 10 minutes, a new block containing a fresh prize will be dropped in the vicinity of a player. By claiming the block, the user earns ‘Satoshis’, the smallest unit of Bitcoin"

Explanation