Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7036. (Read 26710352 times)

bitcoin will be strangled in the same way as the 500 Euro banknote for the same reason

Here you go then 

I have not “slandered” you.  (Allegedly libelled–let us not lose that distinction!)  If you point out even one factually incorrect statement I have made about you anywhere, then I will properly retract it.

I halfway wrote a long, detailed logical reply to you—not to be argumentative, but because you sometimes come off as quite reasonable.  (Not to mention that I’d toast the defence of the loose/lose distinction as a noble cause!)  I thought it would be worthwhile.  Then, I realized that this could be disposed more succinctly.


My first encounter with you was in a thread focused on Craig Wright’s grand-scale identity theft, not technical issues.

“Faketoshi-apologia” == this, inter alia:


With just a bit of digging, I also found you on record defaming Segwit’s security with the usual nonsense.  I have sufficient technical competence to know that it is indeed nonsense.  (That is why I am happy to keep my life savings in Segwit-native coins which I cannot afford to lose, which I would not entrust to unreliable technology.)  It is not only a matter of disagreement about whether or not Segwit is a practical improvement:  You’ve said things that are factually false, which I myself know to be factually false (not just because someone else said so), and which have been debunked so many times in such excruciating detail that I cannot imagine how any intelligent person can believe them sincerely.


I’ll give you this:  You are not a garden-variety BSVer, the type who either lacks intelligence or has a few loose screws (or both).  By process of elimination, that is why I called you a liar.  Rude?  I do think that the world would be a better place if people spineless jellyfish were less concerned about a false politeness than about honesty, freedom, the distinct definitions of English words, and all those other obsolete concepts that altogether too often are “cancelled” because nobody will speak up for them.


Hie ye to Hydrogen Audio for a fresh takedown!

—Oh fork, doesn’t Greg Maxwell have a xiph.org address?  It’s as if them Core people are ruining the whole world for you, ain’t it.

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Bears mention on the Internet, where people get misunderstood:  You have seen that I have no problem with being aggressive; passive-aggression is just not my style.  I have stated the foregoing in good faith.

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Edit:

jbreher, what did you mean by “sonics”?  The question is actually significant here.

For those who are unfamiliar with high-fidelity audio reproduction, I should briefly explain:  There is a certain type of man who is unalterably certain of the superiority of analogue audio recording technology—stereotypically, vinyl records.  It does not matter how often you explain the Nyquist Theorem.  It does not matter if you use absurdly high-precision scientific instruments to measure audio differences far too small for humans to be capable of hearing, which invariably show that good digital equipment is hands-down superior to the quality of the best analogue device ever made.  It does not matter if you perform empirical double-blind listening tests in anechoic chambers.  And the problem is not stupidity, per se.  It is tantamount to a religion.

If the above quote was intended to imply that 2" 30 ips tape has superior audio fidelity to digital, in the sense of transparent reproduction, then I have just accidentally solved the mystery of jbreher!

On the other hand, some folks frankly state that they prefer the distortions of various analogue media or equipment.  To them, audible imperfections add what feels like warmth or nostalgia that is missing from a more precise reproduction of the source audio.  “Sonics” could mean that, too.  —  On the other other hand, I don’t think that anybody ever said that about 2" (!) 30 ips (!!) tape.  That seems pretty clearly aimed at maximal quality, not audible distortions.

Yeah right....

You are likely lacking reading comprehension if you are going down the road to proclaim that logic is missing within certain walls of text or as a general statement that all walls of text, including those of yours truly, are lacking in logic.

You sir, are either lacking in reading comprehension abilities (or other abilities, such as logic comprehension), or you are lacking in will power to attempt to understand words that are so courteously placed before you in the form of text (perhaps a wall, but still  - if you want to be treated like an adult, try to comprehend, you must.).     Nobody is trying to play tricks with you, merely because they are using words to 'splain their lil selfies.




Your argument is pie in the sky nonsense in regards to a fear of a future of bitcoin evolving in a way that squeezes out the little guy...

You have hardly any evidence of that beyond pure speculation, and why the fuck do you believe that bitcoin had adopted segregated witness rather than increasing the block limit size?  That is in order that little normie people can run nodes.. .Have you heard about that kind of inclusiveness phenomena that puts power of the chain in the hands of the people through consensus mechanisms?

 

Of course, there is going to be a combination of off chain and on chain.  Did someone send you over from the bcash nutjober camp to make these speculative baloney points?

 

Lightning network and other side chains provides options.. and we will see how they evolve and how empowering they are for people.

Seems that there are a lot developers on the lightning network who are trying to make it similarly empowering in terms of giving individuals abilities to spend their bitcoin, to the extent they are going to want to do that in the future.. and lots of work seems to still need to be done regarding user interface of some of these second layer systems...
 

You seem to be the one making doom and gloom predictions regarding supposed future exclusion of normies from bitcoin when there hardly seems to be evidence of that beyond your pie in the sky fear-based speculations.


Another doomer/gloomer.

As you likely realize Torque, one of the great powers of bitcoin is to be able to accomplish quick and easy possession of such bitcoin, which is a whole fuck of a lot more difficult to accomplish with gold.. and fuck that paper backed crap... if you really want to demand possession of paper backed gold, you are not getting anywhere as compared to demanding possession of the actual gold (which as you know is way more difficult to get possession, especially if talking about very large quantities).  

Accordingly, there is a distinction in bitcoin that makes a difference, and you should well know about the material difference of that distinction, too, Torque.

I would suggest that it is quite likely that human (individual) behavior is going to change based on such options that are available to them (that were not previously available to them), and some people are going to choose to keep some, if not all of their bitcoin in their own possession, so they do not have to depend upon the integrity of institutions that have actually fucked over a lot of people in the past in terms of their control over assets.

Surely, institutions are going to be forced to be more honest, too, if they realize that people are not going to tolerate entrusting them with their bitcoin, unless they know that they can get possession of the bitcoin upon demand... and least the smarter hodlers will engage in such behavior, which will force (incentivize) institutions to be more honest - if they want to survive as bitcoin becomes more and more dominating.. and it could take many years for these incentives and understandings to play out.... and I am glad that some of us already recognize the power of holding our own corn.


cAPSLOCK said it first.

$11,077.22

Your desire to lose the mob is trolled by Twitter’s desire to loose the mob.

But what will neomaniacal descriptivist zealots soon say about you?  jbreher, that old pedant!  They don’t understand that lose usage causes words too loose their meanings.  Its so simple for them to understand:  Language evolves.



Out of curioſity, I ſearched for a fucking clue.  Well, to my ſatisfaction, at leaſt my habit of reading old books has gifted me with ſpecial inſight:  I know the difference between fucking and ſucking.

Medial S:  It ſucks with ill-trained OCR!

Whatever the number is, as time goes on and as value goes up, that number will shrink.

the evening wall report

Bitcoin finished strong today at $11,077.22 with light volume. Closing above the eleven thousand mark has been something it has been unable to do since the beginning of the September. Continued upwards bias with increasing volatility expected next week.  #dyor

4h


D

#stronkhands

But there is a difference. Bitcoin is bitcoin.  And if a bank or anyone issues something else it is not bitcoin anymore. 

Let's use Cash App as an example.  When they make bitcoin transfers between accounts a thing, then they can do this with little to no fees because they are the custodian.  I give Torque .5 BTC, and it shows up in his account and is debited in mine.  Torque wants to get his BTC out of @Jack's hands as quickly as possible, and does a withdrawal, pays a fee and poof is in custody of his own bitcoin.

Why does this not work?  Any differntly than banks do now.  Aside from being faster and more convenient.

Will this mean there is counter party risk?  KYC/AML?  Risk that funds can be frozen... yes yes and yes.  And no one will force the mountain men like you and I to hold any meaningful amount of Bitcoin there.  But the masses most definitely will.

There IS a difference.  It is easy to withdraw bitcoin.  It is hard to withdraw gold.

So when do we go over 27720?

hint that is my guess
page
27720

Since wordy man and I already agree on no more 4 digits ever in Bitcoin:$USD.

I present the following query:

On which page of this WO thread will the price on Bitstamp again reach parity with page number of this thread?
The last time it occurred was near December 19 2017.

huh. St. Michael of Saylor also does free courses god bless his soul
https://www.saylor.org/about/
https://twitter.com/saylordotorg

BS taken from https://bitcoinist.com/analyst-bitcoin-may-first-tank-to-9700-before-rallying-to-fresh-highs/

They had indeed great respect for their antiquity, they where stunned how they build the pyramids while they had not the capabilities to do the same. It was build in pre-dynastic/mesolithic time period atleast 5,000-10,000 years old. (It could be much older i mean Göbekli Tepe in Turkey is already 12,000 years old)

I never believed ancient Egyptians where the ones who constructed the megalithic sites with a hammer and a chisel same with the maya's they didn't made those tempels incl. the ones in India.(Ironically the word megalith originates from two ancient Greek words: megas meaning great, and litos, meaning stone). A chisel is made from copper and copper is to soft to handle granite/basalt ore even solid bedrock. They carved hundreds of meters into the ground of solid bedrock in the valley of the kings. Drill holes in granite blocks.. Ore how they even lift those supermassive stones of 100 to 1000+ tons blocks? All in middle of the desert... Zahi Hawass is lying just because of national pride and religion. I want to know we all have the right to know it is oure legacy.

You see megalithic sites all over the world from South America, Europe, Africa, Middle East and Asia. I say a much more advanced civilizations that we have seen before while the rest where practically cavemen but they a
re gone for some reasons. The awnser might holding in written Sumerian texts. That is when it gets really crazy, same with texts from South America and India. You need to have an open mind for that kind of material.

Refused to live a lie and keep my mouth shut.


What did you do?

we are matching 2016 very closely.

runup for btc is being assisted by the eth runup.

mining eth with gpus using nicehash to autovert to btc is far better then mining btc directly.


4600 in gear asics and 6000 watts an hour earns 17 usd. direct btc mining on viabtc.

4600 in gear gpus  and 2000 watts an hour earns 24 usd on nice hash via auto vert to btc

these obviously pro gpu ratios almost never happen.

last time was most of 2016 2017 and some of 2018.

Evasion of my logical argument with cliché stock stupidity gets my stock answer, with text enlarged to aid comprehension.