Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5992. (Read 26713440 times)

this technical evolution timeline is an important piece to study. so much knowledge is concentrated here. there would be far less consequential misunderstandings of bitcoin-technology if more folks would be able to draw conclusions out of this. some examples:

-bitcoin has a rich history of technological advances that were all tested and used and have proven to be rock solid. it was not a invention that came out of the blue. it is using reliable tech as a foundation.

-bitcoin is a breakthrough in computer science, not just a data entry on some server. lots of no-coiners still view bitcoin as something like airline miles that just got speculated up to sky high figures (tulip-mania)

-as bitcoin is a unique combination of several well understood technologies, it is this combination that makes it work and NOT its transaction history database called blockchain. this combination we can refer to as bitcoin-technology. in contrast to the semantic wasteland referred to as "blockchain-technology".

-bitcoin technology was designed for a special purpose (scarce digital cash bearer instrument) and is serves this very special purpose with immaculate perfection for more than a decade. when it comes to money/value - why rely on a system where unverifiable trust is mandatory when you can opt out to a system with trustless verifiability?

-bitcoin-technology solves cheating and lying within its technical boundaries of a monetary digital network. people that do not understand this evolution easily fall victim to the idea that the technical elimination of trust in this highly specialized field somehow gave way to a new technology that is capable of doing the same trick to anything else like supply chains or ownership titles. this new tech is referred to as "blockchain-technology". if satoshis intend was not to invent "blockchain" that "will change everything"

-"blockchain-technology" is not a technology. how can the transaction history of a digital money network resemble a technology?  whenever "blockchain-experts" try to build something useful they are using parts of the technical developments shown in the above timeline, and that makes it look like technology. they- for example re-invent tamper-proof databases and think it has something to do with "blockchain"

edited.

Is it dumping time yet or what exactly?

Aapne ghabrana nahi hai..

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

So, in retrospect, was it a good decision to pay off all debt with BTC money? Paying off debt = cashing out = selling your precious coins. So if you have just hedl and went on with your monthly payments wouldn't it have been more profitable?

P.S. Happy BD!  

at least they show some respect to the current run up in price. imagine they would start distributing mid summer?

according to this time frame, all it could do is adding velocity to the -by then (next year) already ongoing downtrend. good. bullish.

Whoa! Chelsea can ski almost as good as me.
Though I am impressed she can ski and drink with no ski poles..... (and no other things...)

(sorry off topic, but its Friday legendary drink nite, so I get a pass, yeah?)

GO BITCOIN

No DJs. Just actual live musicians.

Bitcoiners should be able to afford the real thing, not some crappy recorded substitutes.

Leave the DJs to the shitcoiners.  

Thanks.
Retired three years ago. https://bitcointalksearch.org/topic/m.33203248

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Hi, a long time without publishing here, for my part everything is fine, but with many open fronts in work life, I hope to return soon when everything stabilizes.
Hugs.

The rehabilitation plan for Mt.Gox has been accepted by the court. A timeline has been set, with the deadline for creditors' vote on the plan by October 8th. Any distribution will occur after creditors' meeting on October 20th. How long distribution itself will take is another matter, but those who choose early lump sum payments should presumably receive it within a year.

You can wish all that you want that such a parabolic rise does not happen, but does not seem like there is a lot that you or anyone else can do about it.  I could care less either way, too, but bitcoin just seems poised for such craziness whether we like it or not and whether we get some corrections along the way that make the overall upward curve to appear more gradual because the top takes longer to play out.


First of all bitcoin does not work like dat.   Sure, it might not go parabolic, but it is NOT likely to get stuck here, either in order to make some kind of smooth and reasonable curve.

Regarding regular peeps:  Fuck them.  They better get the fuck into bitcoin in some kind of stake, otherwise they are going to get front run the fuck out of by the BIG ass players that seem to be continuing to come into the space.

Just like we cannot do anything about BTC's price movement, we also cannot do shit to protect regular peeps from their lil selfies in which many of them fail and refuse to actually take some actions in terms of stacking some sats or otherwise figuring out ways to get a meaningful stake in bitcoin.



Get out of here with your bleeding heart nonsense.

They can still get into bitcoin at $500k or $1million and they might even still be ahead of others at that point.

I have no clue beyond the various price models based on probabilities what BTC prices are going to do in the coming years, but even though it seems to be much better for regular peeps to start right now or start as soon as possible, they can still start whenever they get around to it.. whether that is at $75k, or $256k or $750k, or $1.5 million or $5million... You have no information that the happening of regular peeps to get into bitcoin much later is still not going to end up helping them out, overall - even though sure, many of us longer term HODLers realize some advantages to having had gotten into bitcoin earlier than others, but I am still going to be telling people the same fucking thing as I have been saying for the last 7 years or so, and that is get the fuck started as soon as possible and figure out your plan to get some kind of stake.. and the BTC price does not matter as much as getting the fuck started and figuring out something... we cannot hold their hands if they fail/refuse to get started accumulating bitcoin. 



Bitcoin helps a lot of these matters, but you cannot remove all of the hoarding behaviors of BIGGER players and have a kum-ba-ya distribution of bitcoin.  Peeps have had nearly 12 years to learn about bitcoin and get into it, and sure there are some signs in recent times that they are going to get front run, but what we going to do? 



Snap out of it, somac spomac!!!!!!

Let's deal with reality rather than wishing for things that are very unlikely to happen, and we already know that bitcoin has hype cycles and peeps gotta attempt to learn about it and how to deal with such BTC price dynamics rather than wishing for some kind of situation that is not.