Beginning to feel like that bear market again.
Complete fakeout, anyone that sells now is infected with Mindrust Syndrome.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5345. (Read 26709152 times)
June 10, 2021, 03:12:07 PM
Complete fakeout, anyone that sells now is infected with Mindrust Syndrome.
June 10, 2021, 03:02:52 PM
It is rare I will agree with whiney Cobra, but I do, in this case. His namecoin example is a good one. I have exactly one other coin that I believe offers something BTC cannot natively.
Just about all the rest of it??? ETH for example. All that functionality can be built atop BTC. Will it be? Or will ETH (or one of it's killers) continue to exist? Dunno.
Just about all the rest of it??? ETH for example. All that functionality can be built atop BTC. Will it be? Or will ETH (or one of it's killers) continue to exist? Dunno.
You know I've heard about that for as long as I can remember "Anything ETH does can be built on top of BTC", why has this not happened yet if that is the case? Millionaires being born out of ETH on a weekly basis it feels like sometimes and I would imagine some or a lot of devs would just move to BTC if it were to be possible.
Idk, just asking, don't care about this coin or that coin as long as I have daddy bitcoin
June 10, 2021, 03:01:28 PM
June 10, 2021, 03:01:22 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.
June 10, 2021, 02:59:04 PM
It is rare I will agree with whiney Cobra, but I do, in this case. His namecoin example is a good one. I have exactly one other coin that I believe offers something BTC cannot natively.
Just about all the rest of it??? ETH for example. All that functionality can be built atop BTC. Will it be? Or will ETH (or one of it's killers) continue to exist? Dunno.
Just about all the rest of it??? ETH for example. All that functionality can be built atop BTC. Will it be? Or will ETH (or one of it's killers) continue to exist? Dunno.
June 10, 2021, 02:50:25 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.
I guess he was meaning real world problems, but you can put this to bitcoin as well. At least at aspects like transactional speed, usability on (many, small) endpoint devices with little computing power.
There are some projects out there trying different approaches, i won't name any, so they can at least be called "serious" attempts of incorporating usage value.
Several IOT solutions out there, in their early stages but with promising outlook. (EDIT: IF the developers don't mess up the security or code as itself)
But it's true, Bitcoin can't solve every problem, as well as no other coin can, so that's why we have lightning, liquid and all the other little helpers coded around the original bitcoin standard (which fucktards like Roger V. and CSW claim to behold by upsizing blocksize - which is a retarded linear approach, imho), which makes sense to some extent (for me at least), while BTC, at its core is still "digital gold" for me.
Doge is an exception, though, because the inventors always made no secret that it's a token-for-fun thing. But most "usecases" of various tokens are plain bullshit, imo.
EDIT: And i didn't even mention the real scams in the cryptosphere! Well... right, at least two of them...
June 10, 2021, 02:49:03 PM
Hello gentlemen. How have things been going?
Nothing much just a regular bitcoin domination against central banks!!!
June 10, 2021, 02:41:57 PM
I'm a bit late to the party but congrats to El Salvador and all Salvadoreans. The president of that country is a brave guy with a huge pair... 
June 10, 2021, 02:34:44 PM
-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?
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.
June 10, 2021, 02:29:08 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.
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.
June 10, 2021, 02:10:41 PM
The white paper is always brought up. 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.
Many would have been happy with cautious size increases. There's no real justification behind the 1MB (as would be expected from it being implemented as an anti-DOS measure when blocks were tiny) and the theoretical maximum while still maintaining your goals is much higher than that.
I'd advise not getting wrapped up in Raspberry Pis. They are cool devices and I own many but they are not optimal for this kind of service by any means. They are radically underpowered and even within the realms of SBCs, there are more powerful options available. It's not a binary choice between cell phone processors from the early 2010s and supercomputers in datacenters.
I also disagree with the usefulness of "validation nodes". They don't have zero value but they're not as useful as people think and they're certainly not worth crippling the network for just so people can run them on sub-par hardware. If your security is worth $40 per transaction, it's certainly worth more than a $40 computer.
I am among those who thinks reasonable blocksize increases would be a good thing. I actually pointed out in the taproot activation thread here that the unsung best part of that being done well is it proves that Bitcoin can govern itself better than many had feared after the 2017 fight. And I even mentioned that this (though a much more popular change) gave me hope that some day we could revisit block size increases as well.
As to nodes on RPis etc. I agree it is a silly arbitrary measure to make that what we should be able to run a node on, although I do run a Pi 4, which it must be said is not a terribly under powered SBC, and is a requirement if you want to run a node, as anything below that cannot validate the chain fast enough to be useful.
But you bring up cell phone processors. I think in some ways that is a more important measure. Things like SPV, and neutrino are important ways to bring trust minimized validation to handheld computers, and i think in those regards we are going the right direction.
I think all the Luke Dashjr type "BLOCKS NEED TO BE SMALLER" arguments are misguided and do us harm. I think Luke is a trainwreck as a person who takes a very extreme view on EVERYTHING. The current Pope is an antichrist, the blocks are too big, we need to wear gas masks to keep from getting covid etc. That combined with the dick measuring contest that the dark side of BTC Maxi culture brings us, and the small block ethos gets more attention than I think it needs.
I wish we had Hal with us still. I feel like he would have some really good stuff to say about all this. In fact I would trust him more than Satoshi himself, who I do not think quite had the long view or wisdom of the former. Maybe it's better they are both currently silent (here's to cryogenics?
)I do think validation is perhaps more important than you do. I do not want to trust that job to a small number of servers. But I think we could raise the bar quite a bit before we get into trouble there. I just want to make sure we avoid a "Davos" of Bitcoin forming. Some place where the powerful nodes all gather and decide one day that it is in the best interest of mankind to mint another 21mm, and for our trouble we will split a simple 1mm amongst ourselves to cover costs, of course.
Every human endeavor has become corrupted that way eventually. The longer we can keep that from happening to Bitcoin the better. And I do understand that the big-blockers see small blocks as a bank takeover. I just don't see that. Banks don't need small blocks to remain necessary.
Perhaps a benefit of having a programmer background rather than a trader, whenever feeling doubts about Bitcoin regarding functionality I look at the source code, specifically latest commits to get a sense of what's going on. Sure, developers can go nuts (most of us are in some way), but as taught early on based on what pioneers (miners, testers, API enthusiasts, etc.) wrote in this forum (when it was still bitcoin.org); if the core developers got a crazy idea we just refused to upgrade the Bitcoin clients, or kept personal forks with whatever selection we liked, as long as core protocol still worked, this tradition of "opposing change" eventually spawned into the BIP system and agreement process used these days. If the core developers really disagree internally, we get a fork where client version usage on the network eventually dictates the outcome (like the Bitcoin Cash fork).
Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles accepting Bitcoin since 2011 (so it wasn't just alpaca socks).
June 10, 2021, 02:01:26 PM
June 10, 2021, 01:59:57 PM
Hello gentlemen. How have things been going?
laser eyes everywhere..rings of fire...volcanoes and.. the first sovereign nation on the planet to accept bitcoin as legal tender...eh..you know...its going
June 10, 2021, 01:58:06 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.
Someone told me…. People overrating news in BTC-world, expecting to much cause of news, the Trent will go up cause of all the bullish news but not always instant on news….
Though I thought the same instant launch 😂
June 10, 2021, 01:54:49 PM
Hello gentlemen. How have things been going?
Hello back brother
June 10, 2021, 01:54:15 PM
#soon-ish
June 10, 2021, 01:54:00 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.
June 10, 2021, 01:50:45 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.
June 10, 2021, 01:41:50 PM
Hello gentlemen. How have things been going?
Hey there.
Things went Up and down, as usual
More down lately, though
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