Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7116. (Read 26686376 times)

Jesus!

https://www.coindesk.com/bitsonar-employee-kidnapped

 Not a good idea to telegraph your intentions.

Surely, I am not disagreeing with you in principle, and surely part of the great use cases of bitcoin remains the ability to privately secure it and to potentially plausibly deny the existence of it for practical and rights based reasons - not trying to get away with anything, but merely being able to retain wealth that you have stacked away.

There would also be some scenarios in which if someone were to have some kind of nice piece of property, let's say a reasonable 10 acres and great buildings and location, and then if that property gets taken away, then there would be some feelings of injustice with that I am sure... but we are likely on the same page that having various kinds of property and wealth does tend to give a lot more options, which probably explains some of the reasons why each of us have come to similar conclusions regarding our perceptions of values of having more options through the accumulation of king daddy.



Probably, we do not disagree, even though we might be quibbling about some various scenarios that could play out, and I think that part of the point that I had been trying to make earlier is that some of us might sometimes get so much caught up in various kinds of libertarian ideas that we forget that some of the values of having a state and community property of various sorts is that it provides a lot of value to everyone - and gives some course of recourse for the real poor.  If the real poor get too desperate, then we are all fucked.  Don't get me wrong; I can relate to being decently poor, but sometimes there can be way too much attempt to keep money from the poor or not to pay taxes from the rich or even that the rich might consider that they need little bail outs, and sure maybe we might feel that through bitcoin we had come across our riches (richness) through more honorable market means, but there still can be a lot of reasons to pay back and to pay into the system in a variety of ways in order that whatever riches that we might have been able to preserve do not get snuffed from us through some vengeance situations that might not even have been of our causing... but if we there are ways to pay into such system that allows for the ongoing building of infrastructure then we are likely to be more safe even if we have ways to hide or wealth or walls (and security guards) that we can attempt to put up between ourselves and the masses.


I keep quoting it because it is not completely wrong - even though his employment of the statement was likely partly out of frustration and way too premature.. we might get at least one more cycle of being able to enjoy our wealth accumulation before a more true mad max situation ends up coming... and also, I will agree with you, bitserve, that it is way better to be preparing for the more likely scenarios rather than the mad max scenarios that have not happened yet... so in some sense, mindrust was just attempting to justify some of his impulsive behaviors (to the extent that we can really believe that he really did employ that level of dumb).

Make some sense.. except in ANY kind of situation, even if we are worse than before, we will always be better having some wealth than not having it... all other factors remaining equal. It is not that in an armageddon wealth (which can be in many kind of assets, including those more necessary for survival) is unimportant. Of course you can probably have better lifestyle in ideal conditions even if not wealthy than in shitty circumstances even if wealthy (I have always said that Kings of the past probably had worse food available than any regular person nowadays)... but being wealthy will always be better than not.

I don't think theres much to argue about that simple point. If Mindrust really wrote that statement, it is wrong.

Source: New Scientist — 10 Impossibilities Conquered by Science



I would very much like to see the proof regarding the necessity of the Laws of Thermodynamics to be broken in order to brute force a 256-bit key. Is there any link of such proof? I'm a bit concerned about the use of energy to do the calculations.

In any case:

First...
Then came Newton,
Then came Einstein,
Then came Quantum Mechanics,
Then...

It's possible that you had gotten too distracted by the shitcoin on your avatar, too...

Overallocated in shitcoin; under allocated in king daddy....  

#justsaying


 


 

bitebits! dude!  You gotta be more careful!

Only if we make them pay for it.

   PM, You talk like you had your eyes closed through the last few 10-20x runs...   2.5x on the previous ATH is where the serious work begins.  They are running out of places to stuff the free money.  Our time will come, and I expect 100k+ before the end of next year.  The global financial system is a powder keg.  The fuse was lit almost a year ago.  Awaiting fireworks, or heavy rains - one or the other.

Good read.

I don’t think we can to 500k as quickly as they say. But 50k seems reasonable.

A contributing factor, for sure    I let it soak up way too much of my time and energy.

Observing $11373.

What made you put it on ignore? Something like this?

  Thanks!  I had Crypto on ignore for 2 whole years...  maybe the occasional peek

Yet the 'money' going IN to these stocks is not vaporizing.  Most likely it is simply transitioning to a more undervalued asset class.  Like, perhaps, crypto. 

We'll be riding the waves for however long, but I can't in any case see it dragging 10 years.  The financial implosion is well underway. Simply holding with inflation should deliver large $ gains.

These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. So these Laws of Thermodynamics will have to be broken first.

Which DAW is that ? Don't immediately recognize it. I'm a Steinberg whore.

And yet very few people understand the real gravity of this statement.  

Brute force, so checking every combination, makes some pretty easily verifiable claims.

If you build a supercomputer that occupies a space of only 1 cubic centimetre, that can brute force 1 trillion keys a second, and cover the entire earths surface with these computers, the Sun will swallow the Earth, before you have time to search the whole 256 bit key space.

I have also seen other calculations that information represented as its absolute minimum energy in the laws of physics, that there is not enough energy in the Sun to search a 256 bit key space either.

I forgot to show off... I did make one of these things.  Then I lost it, lol.  Hopeless.



It's around here somewhere.

But tonight coaxing some samples out of the little Crave!

An interesting writeup from one of the Winkelvoss bros.
https://winklevosscapital.com/the-case-for-500k-bitcoin/