Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5344.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: modrobert on June 10, 2021, 04:04:54 PM

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in a attempt to focus on one thing only in the hope it Bitcoin will perform better as a value of storage, or was it an side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)

Well that of course is a reaction to the massive shilling of shitcoins and it morphed into any talk of any other project being a bag shilling exercise so was dogpiled without mercy.

AFA I remember it was considered alts were a good testing ground for fleshing out ideas that might be incorporated into the base layer but due to the sheer quantity of garbage scamming fucktards the instant knee jerk was to dogpile anyone even alluding to the fact something besides Kling Daddy had any value. and of course then the Ethtard started with the dominance shilling crap and it just polarized the entire scene with the ethtards being the nothing but NGU scam shilling dominated lowlives with zero consideration for the vision Bitcoin provides.

/rant off

Quote from: modrobert on June 10, 2021, 04:04:54 PM

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

Well since it is a m00t point now the knee jerk reactions to the subject seem to have calmed down to the no dogpiling point and we actually had some good discussions with the bear on the subject.

But we did have to restrict him to discuss it only on Wednesdays (crazy I always spell Wednesdays wrong and have to google it as the spell checker can't get it right either!). Grin

Toxic2040

legendary

Activity: 1834

Merit: 4197

Quote from: JayJuanGee on June 10, 2021, 03:43:40 PM

I'm gonna have to give you a -1 WO for that level of boldness, and might even have to amp it up to -1.5 WO for your horrible gif creation talents (if we might be so bold as to label as that?)... Since yesterday many people have told me... sent me pms, just saying.

that's all.

your forking with me right?

these feeble attempts to steer the conversation away from the true matter at hand here...rocket gifs...or your lack there of

charlatan

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: strawbs on June 10, 2021, 03:19:34 PM

Quote from: proudhon on June 10, 2021, 03:01:22 PM

Quote from: strawbs on June 10, 2021, 01:50:45 PM

Quote from: infofront on June 10, 2021, 01:36:45 PM

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

The problem is that the market is figuring out how bad of an investment bitcoin is and how it's is definitely and indefinitely crashing. So lots of countries might make it legal tender, but the down trend will remain. In fact, we know that as more countries adopt bitcoin the lower the price will go.

Ok, ok. Some of us know you from way back and we therefore remember that you're just dicking around. I mean, it used to be funny and all that, but the comedy has lost its edge in recent times. It's a little tired and repetitive now, just sayin. You might end up frightening the noobs away too, who might actually take you at your word.

We won't hold it against you if you want to change tack and allow your true colors to shine through, though.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Richy_T on June 10, 2021, 11:10:02 AM

It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.

Beginning to feel like that bear market again.

No offense, but when i read this, i had to almost compulsively think about this song, "There, there" by Radiohead.

Quote from: Radiohead

just cause you feel it, doesn't mean it's there

modrobert

sr. member

Activity: 386

Merit: 334

-"When the going gets weird, the weird turn pro."

Quote from: Hueristic on June 10, 2021, 03:44:12 PM

Quote from: modrobert on June 10, 2021, 02:29:08 PM

Quote from: shahzadafzal on June 10, 2021, 02:19:40 PM

What is he really talking about? And what real problems? Problems with bitcoin or problems in the real world. If he mean problems in the real world I would agree. Now for the matter of fact if not all then surely every other project starts with a problem in bitcoin and tries to solve it with their on token or coin that's a logical fallacy.

To be honest haven't seen a single project which solely aiming to solve any real world problem. I remember in 2017/2018 there was one project WPR or WePower which claimed to be green energy based solution. To be honest I thought they will be building windmills or other green energy sources for public use not to run their own so called "trading platform". I'm not even sure where they stand today.

Anyway solving a real-world problem and claiming to solve it are two different things. Until now we haven't seen any single such claim going through yet.

In the example, Namecoin includes a domain name system for internet besides being a "coin", although the project is pretty much sleeping these days AFAIK. I also regard Litecoin as old school serving the purpose of having useful differences such as faster transactions, using bcrypt instead of SHA256, etc., but sure, Bitcoin maxis are welcome to disagree.

IIRC LTC was in responce to asic adoption as scrypt was thought to be asic resistant. but apparently they gave up on that fight and became another shit coin (still good to move funds between exchanges though: only real world usecase I know of). But there are still those that fight for decentralization, its just a harder battle than NGU peops are willing to fight.

Namecoin got a death blow when there was a bug that allowed total takeover of the domain by a simple hack. I think it was fixed but I really didn't follow what has become since then. I think their uphill battle would have been to have ICANN acceptance.

https://www.youtube.com/watch?v=_ckMG9mAd7s

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in an attempt to focus on one thing only in the hope Bitcoin will perform better as a store of value, or was it a side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: OutOfMemory on June 10, 2021, 04:00:29 PM

Quote from: Hueristic on June 10, 2021, 03:54:18 PM

Quote from: OutOfMemory on June 10, 2021, 03:48:44 PM

Quote from: Hueristic on June 10, 2021, 03:20:56 PM

Quote from: cAPSLOCK on June 10, 2021, 12:46:19 PM

I just don't see that. Banks don't need small blocks to remain necessary.

FYI, small block force a side chain solution which is centralized and that in lies the problem.

I just don't understand why dynamic blocks are just not discussed, it smells of agenda.

Maybe it's not an agenda, but a blind spot?

I just have not found anything that gives a reasonable explanation and the Devs certainly do not have a blind spot when it comes to this.

I'm probably just to stupid to actually find it.

I'm convinced. Really interesting, then.

LOL.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Hueristic on June 10, 2021, 03:54:18 PM

Quote from: OutOfMemory on June 10, 2021, 03:48:44 PM

Quote from: Hueristic on June 10, 2021, 03:20:56 PM

Quote from: cAPSLOCK on June 10, 2021, 12:46:19 PM

I just don't see that. Banks don't need small blocks to remain necessary.

FYI, small block force a side chain solution which is centralized and that in lies the problem.

I just don't understand why dynamic blocks are just not discussed, it smells of agenda.

Maybe it's not an agenda, but a blind spot?

I just have not found anything that gives a reasonable explanation and the Devs certainly do not have a blind spot when it comes to this.

I'm probably just to stupid to actually find it.

I'm convinced. Really interesting, then.

El duderino_

legendary

Activity: 2744

Merit: 13618

BTC + Crossfit, living life.

Quote from: Hueristic on June 10, 2021, 03:12:07 PM

Quote from: Richy_T on June 10, 2021, 11:10:02 AM

Beginning to feel like that bear market again.

Complete fakeout, anyone that sells now is infected with Mindrust Syndrome.

Taking the risk of selling now, with the intention of buying lower would suggest being simple minded ..... and just not being in BTC for what its designed for...

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: JayJuanGee on June 10, 2021, 03:43:40 PM

Quote from: Hueristic on June 10, 2021, 03:24:09 PM

this proves I sometimes wade through your massive posts JJG.[/size]

You are braver than most, including yours truly.

+1 WO for that one, to offset part of the -1.5 WO total tentatively pending re: toxicmoxic.

Meh, just too stupid to not know when to keep my mouth shut! Grin

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: OutOfMemory on June 10, 2021, 03:48:44 PM

Quote from: Hueristic on June 10, 2021, 03:20:56 PM

Quote from: cAPSLOCK on June 10, 2021, 12:46:19 PM

I just don't see that. Banks don't need small blocks to remain necessary.

FYI, small block force a side chain solution which is centralized and that in lies the problem.

I just don't understand why dynamic blocks are just not discussed, it smells of agenda.

Maybe it's not an agenda, but a blind spot?

I just have not found anything that gives a reasonable explanation and the Devs certainly do not have a blind spot when it comes to this.

I'm probably just to stupid to actually find it.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: JayJuanGee on June 10, 2021, 03:43:40 PM

Quote from: OutOfMemory on June 10, 2021, 01:54:00 PM

Quote from: strawbs on June 10, 2021, 01:50:45 PM

Quote from: infofront on June 10, 2021, 01:36:45 PM

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

While we already know that fast moves upward don't usually sustain higher level prices.

My sense was that we took the stairs up and the elevator down... and sure perceptions can vary.

Quite nice analogy, even though we ran up parts of the stairs for some shorter periods of time.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: strawbs on June 10, 2021, 03:19:34 PM

Quote from: proudhon on June 10, 2021, 03:01:22 PM

Quote from: strawbs on June 10, 2021, 01:50:45 PM

Quote from: infofront on June 10, 2021, 01:36:45 PM

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

The problem is that the market is figuring out how bad of an investment bitcoin is and how it's is definitely and indefinitely crashing. So lots of countries might make it legal tender, but the down trend will remain. In fact, we know that as more countries adopt bitcoin the lower the price will go.

Ok, ok. Some of us know you from way back and we therefore remember that you're just dicking around. I mean, it used to be funny and all that, but the comedy has lost its edge in recent times. It's a little tired and repetitive now, just sayin. You might end up frightening the noobs away too, who might actually take you at your word.

We won't hold it against you if you want to change tack and allow your true colors to shine through, though.

Haha, any n00b that mindrusts because of lamma posts deserves to be left out in the cold.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: Hueristic on June 10, 2021, 03:20:56 PM

Quote from: cAPSLOCK on June 10, 2021, 12:46:19 PM

I just don't see that. Banks don't need small blocks to remain necessary.

FYI, small block force a side chain solution which is centralized and that in lies the problem.

I just don't understand why dynamic blocks are just not discussed, it smells of agenda.

Maybe it's not an agenda, but a blind spot?

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: Hueristic on June 10, 2021, 03:24:09 PM

Actually I believe it has been proven that Satoshi mined on custom fpga's.

sorry no link

this proves I sometimes wade through your massive posts JJG.

i believe he did know that gpus could hash, in fact i think he requested that programmers hold off on GPU hashing until the network got more established.

i dont recall him mentioning anything about ASICSs, at least as we know them today.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: modrobert on June 10, 2021, 02:29:08 PM

Quote from: shahzadafzal on June 10, 2021, 02:19:40 PM

What is he really talking about? And what real problems? Problems with bitcoin or problems in the real world. If he mean problems in the real world I would agree. Now for the matter of fact if not all then surely every other project starts with a problem in bitcoin and tries to solve it with their on token or coin that's a logical fallacy.

To be honest haven't seen a single project which solely aiming to solve any real world problem. I remember in 2017/2018 there was one project WPR or WePower which claimed to be green energy based solution. To be honest I thought they will be building windmills or other green energy sources for public use not to run their own so called "trading platform". I'm not even sure where they stand today.

Anyway solving a real-world problem and claiming to solve it are two different things. Until now we haven't seen any single such claim going through yet.

In the example, Namecoin includes a domain name system for internet besides being a "coin", although the project is pretty much sleeping these days AFAIK. I also regard Litecoin as old school serving the purpose of having useful differences such as faster transactions, using bcrypt instead of SHA256, etc., but sure, Bitcoin maxis are welcome to disagree.

IIRC LTC was in responce to asic adoption as scrypt was thought to be asic resistant. but apparently they gave up on that fight and became another shit coin (still good to move funds between exchanges though: only real world usecase I know of). But there are still those that fight for decentralization, its just a harder battle than NGU peops are willing to fight.

Namecoin got a death blow when there was a bug that allowed total takeover of the domain by a simple hack. I think it was fixed but I really didn't follow what has become since then. I think their uphill battle would have been to have ICANN acceptance.

https://www.youtube.com/watch?v=_ckMG9mAd7s

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Toxic2040 on June 10, 2021, 12:42:35 PM

Quote from: JayJuanGee on June 10, 2021, 11:59:49 AM

-1 WO for that.

-2 WO for that one..

nope

it has already been established that WOsMerit's are completely fungible...there will be no demeriting

you are of course free to burn any awarded WOsMerit's thereby reducing the amounts in circulation and potentially increasing their value

that is all

Who died and left you as the WO consensus identifier?

I'm gonna have to give you a -1 WO for that level of boldness, and might even have to amp it up to -1.5 WO for your horrible gif creation talents (if we might be so bold as to label as that?)... Since yesterday many people have told me... sent me pms, just saying.

that's all.

Quote from: OutOfMemory on June 10, 2021, 01:54:00 PM

Quote from: strawbs on June 10, 2021, 01:50:45 PM

Quote from: infofront on June 10, 2021, 01:36:45 PM

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

While we already know that fast moves upward don't usually sustain higher level prices.

My sense was that we took the stairs up and the elevator down... and sure perceptions can vary.

Quote from: vapourminer on June 10, 2021, 02:34:44 PM

Quote from: Toxic2040 on June 10, 2021, 12:42:35 PM

Quote from: JayJuanGee on June 10, 2021, 11:59:49 AM

-1 WO for that.

-2 WO for that one..

nope

it has already been established that WOsMerit's are completely fungible...there will be no demeriting

you are of course free to burn any awarded WOsMerit's thereby reducing the amounts in circulation and potentially increasing their value

wait.. theres a BURN ADDY (or forum account number perhaps) that we can send merits to and be burnt? like if i want to merit JJG but am in a bad mood i can send a merit meant for him to a NULL type account?

You would not do that.

you BIG meanie.

Angry

Quote from: vapourminer on June 10, 2021, 02:34:44 PM

maybe we need a user named "merit burn" (or whatever) setup by theymos and its has but one post labeled BURN MERITS HERE in some section. you merit that post to burn them and explain why in thje thread.

so. theres my totally stupid thought for the day. more to come of course.

I agree. That is a pretty stupid thought... I am speculating that it could be in the top 50 of all time, at minimum.

Quote from: Hueristic on June 10, 2021, 03:24:09 PM

this proves I sometimes wade through your massive posts JJG.[/size]

You are braver than most, including yours truly.

+1 WO for that one, to offset part of the -1.5 WO total tentatively pending re: toxicmoxic.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: JayJuanGee on June 10, 2021, 01:03:50 PM

Quote from: cAPSLOCK on June 10, 2021, 10:22:05 AM

And Satoshi had not anticipated ASICS (who knows if that later Satoshi email is real where "he" talks about exactly that) and that changed EVERYTHING. It made the idea of the "validation node" important. Vitally important. We discovered by this tech that between hashing, and consensus validation the latter *might* be more important, though they go deeply hand in hand.

Maybe you should provide a link, cAPSLOCK, if you believe that either there is something important and relevant that satoshi supposedly said.. From what I recall, Satoshi disappeared around late 2010, but a lot of the BIG blocker disingenuine nonsense started to get worked up in late 2015 so it increasingly ramped up in the next couple of years without really going away completely even though it should have been clear that not ONLY was the issue resolved in such a way to show the BIG BLOCKERs as largely disingenuine retards, but also current BTC development is ongoingly finding balance in onchain and offchain transactions including having goals of having some of the fee market to develop around this matter to help to inform if there might be needs for tweaks that go above and beyond ongoing tweaks that are happening.

Actually I believe it has been proven that Satoshi mined on custom fpga's.

sorry no link

this proves I sometimes wade through your massive posts JJG.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: cAPSLOCK on June 10, 2021, 12:46:19 PM

I just don't see that. Banks don't need small blocks to remain necessary.

FYI, small block force a side chain solution which is centralized and there in lies the problem.

I just don't understand why dynamic blocks are just not discussed, it smells of agenda.

strawbs

legendary

Activity: 875

Merit: 1362

Quote from: proudhon on June 10, 2021, 03:01:22 PM

Quote from: strawbs on June 10, 2021, 01:50:45 PM

Quote from: infofront on June 10, 2021, 01:36:45 PM

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

The problem is that the market is figuring out how bad of an investment bitcoin is and how it's is definitely and indefinitely crashing. So lots of countries might make it legal tender, but the down trend will remain. In fact, we know that as more countries adopt bitcoin the lower the price will go.

Ok, ok. Some of us know you from way back and we therefore remember that you're just dicking around. I mean, it used to be funny and all that, but the comedy has lost its edge in recent times. It's a little tired and repetitive now, just sayin. You might end up frightening the noobs away too, who might actually take you at your word.

We won't hold it against you if you want to change tack and allow your true colors to shine through, though.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5344. (Read 26709161 times)