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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4875. (Read 26608364 times)

legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Another great short opportunity is upon us.

We need a diagram that shows future price behavior. A scientific diagram, based on hard math & science.
Pleeze?

legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
I was in my teens so that was quite awhile ago for me to remember any specifics.

that's just the jist of what my memory holds on the subject, hence why I stated I don't think I would be a good person to review the piece.  Smiley

My 20s for me I think while I was at uni. I don't recall details for much of the books but I seem to recall there was a lot of filler for generally a nice little twist towards the ends.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Well I'll give an opinion but I don't think I can do a fair review as like I mentioned in the past the Foundation is literally the only thing Asimov wrote that I couldn't slog through. Maybe its because I was to young and I would get pulled in now but all I remember about it is it went into such long drawn out detail about the specifics of cataloging and fundamentally boring bureaucratic methods that It just couldn't keep my attention.

I'd think that you guys that actually have read the book would have more representative opinions on the subject than I would.

This is actually the reason I'm thrilled to see it as a show as now I can get the story line without having to wade through a 3 inch thick technical manual. Smiley

I don't really remember it that way. I do recall cryptography got a side-mention at one point in the form of message signing.

I was in my teens so that was quite awhile ago for me to remember any specifics.

that's just the jist of what my memory holds on the subject, hence why I stated I don't think I would be a good person to review the piece.  Smiley
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
OPsec, richie.. opsec..

Nice selfie, though.    Wink Wink

Sadly too close to home in these covid lockdown times.  Tongue
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
https://www.cnbc.com/2021/08/22/bitcoin-nears-50000-after-months-of-weakness.html

When the MSM prints sort of positive stuff like this, prepare for a sharp leg down.

#BTFD

Oof.  That is ugly.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Well I'll give an opinion but I don't think I can do a fair review as like I mentioned in the past the Foundation is literally the only thing Asimov wrote that I couldn't slog through. Maybe its because I was to young and I would get pulled in now but all I remember about it is it went into such long drawn out detail about the specifics of cataloging and fundamentally boring bureaucratic methods that It just couldn't keep my attention.

I'd think that you guys that actually have read the book would have more representative opinions on the subject than I would.

This is actually the reason I'm thrilled to see it as a show as now I can get the story line without having to wade through a 3 inch thick technical manual. Smiley

I don't really remember it that way. I do recall cryptography got a side-mention at one point in the form of message signing.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Thats just marcus being marcus.

I think some of us just find the deflation fear-mongering tiresome. "Oh no, by not squandering my money today, I can have a better life tomorrow. However will I cope?"
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
without intending to offend, you don't know what you are talking about ...

Also, you absolutely do know what you are talking about.
... he clearly doesn't and the fact you think he does shows you don't either, which I guess shouldn't come as a surprise to me
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
without intending to offend, you don't know what you are talking about ...

Why can't one have a normal conversation in the wall observer? A constructive dialog? Why someone has to ruin it somehow?

It wasn't a normal conversation, I posted some informational content that you had no idea what it's purpose was and then you proceeded to reply with some garbage nonsense output from some garbled thinking which I pointed out and now you're offended when I specifically stated that wasn't my intent.

There's a ton of material out there on the economics and historical precedents for sound money being superior to inflationary currency substitutes. You shouldn't expect to be spoonfed the good oil if you ask patsy questions and spout inflationista propaganda in a sound money forum.
legendary
Activity: 2016
Merit: 1259
... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future

I'm not sure what's the purpose of that post.

Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's. This means that the economic growth will slow down. Not to mention how damaging can this be for the government.

There are lots of downsides that come from deflation.

   I'd argue that stonk prices haven't much to do with actual 'economic growth'.  Real Economic Growth comes from productivity, not financial maneuvering shell games.  I agree with MA that deflationary currency would curtail this unsustainable consumerism that is constantly pushed at us.  Just another bubble to pop.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
It could be used as a way of attacking Bitcoin by congesting the network but it would only be a temporary attack as no one is going to send that much Bitcoin. How do I know this? You can attack Bitcoin the same way now by sending 0.0000001 transactions on the network with no fees and it would congest the network but no one does it because they cannot keep it up and it would only be a temporary attack. Lightening makes it easier to do with fees but it would not make much of a difference because of the congestion it causes does not achieve any thing.



There's actually a minimum relay fee setting. Not sure what the default is these days but nodes won't forward transactions which don't have sufficient fees for a good few years now.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Please give a review here when you have seen the pilot.

Well I'll give an opinion but I don't think I can do a fair review as like I mentioned in the past the Foundation is literally the only thing Asimov wrote that I couldn't slog through. Maybe its because I was to young and I would get pulled in now but all I remember about it is it went into such long drawn out detail about the specifics of cataloging and fundamentally boring bureaucratic methods that It just couldn't keep my attention.

I'd think that you guys that actually have read the book would have more representative opinions on the subject than I would.

This is actually the reason I'm thrilled to see it as a show as now I can get the story line without having to wade through a 3 inch thick technical manual. Smiley
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