Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7327. (Read 26709077 times)

Knock yourself out, though I don't see the relevance.

You summoned me indicating I like to 'support' coinbase.
Hueristic suggested it is because i like centralization and trusted third parties.
I pointed out that Hueristic's assertion was without merit.
Hueristic doubled down by conflating BSV with Coinbase.
I asked for an elaboration, as all exchanges are by definition centralized third parties, and that the BTC and BCH protocols are exactly as centralized as each other.
DaRude butted in in his/her typical clueless manner with 1) 'Kraken and Gemini', seemingly utterly ignorant of the fact that both these are also centralized trusted third parties; and 2) piled on implying I was changing the definition of decentralization.
I responded 1) asking how Kraken or Gemini are less centralized than Coinbase; and 2) asked for his/her definition of 'decentralization'.
DaRude then totally whiffed an answer, addressing neither of the points in discussion.
I responded pointing out that DaRude has addressed exactly zero of the points in discussion.
And full circle, you wade back in with irrelevancy about some poll.

That about sum it up? Yup, shore duz.

So after all that, to the point of you summoning me: yes, for my purposes, Coinbase is the proper exchange for me. Yes, it is a centralized trusted third party. AS IS EVERY FUCKING OTHER EXCHANGE.

As to the other topic somehow conflated in with the other. Yes, I understand that a good lot of you ascribe to the dogma that lotsa lotsa non-mining fully-validating clients equates to MOAR DECENTRALIZATION. Regardless of the relative amount of decentralization on any of a large number of other axes. And that lotsa lotsa minus one means that the entire system is in peril. You are of course wrong on both counts, but I get that all y'all think so. My point here is not to argue about that. It is to point out that your measure of centralization has fuck-all to do with any technical aspect of the coin/chain/client/code. It merely reflects the preferences of the market at this point in time, which is nothing more than the individual personal preferences of scads of individuals within the marketplace at this point in time.

Y'all are acting high and mighty about a state that is not due to anything fundamental, but rather due to collective whimsy.

So now that ONCE AGAIN, I have been incrementally goaded into stating my position AGAIN, lest idiots be allowed to put words in my mouth, are ya happy?

Didn't think so.

While the biggest loser from today's massive hack was Twitter, the biggest winner was bitcoin and crypto in general. LunarCRUSH - which leverages artificial intelligence and machine learning to analyze cryptocurrency-focused social trends, search behaviors, internet chatter - compiled some data points regarding the Twitter hack. Here’s the interesting data (source: Twitter, Reddit, YouTube, Medium, all News...basically the internet) they found:

For the first time ever, there have been over 550,000 social posts about crypto within 24 hours. This number excludes spam and bots.
At 3 PM PDT today, for the first time ever there were over 100,000 unique individuals on social media posting about / mentioning Bitcoin.
Out of all cryptocurrency-related social posts in the last 24 hours, Bitcoin’s share of all those posts went as high as 94.48%.
This event has had a little-to-no effect so far for Bitcoin’s price, but TWTR is down in after-hours trading.
Despite this potentially being looked at as a negative event, the negative event was really Twitter. The outcome was all-time high awareness across a much broader set of individuals that have never mentioned Bitcoin before.

So. You have this level of access, you write a ton of automation scripting for it, and you send a lame mass bitcoin campaign.

Could have easily sold  this access for millions.

Something isn’t adding up here and smells like a much larger campaign masked as something else.

Bitcoin isn't the problem. Centralized control is.

We've had a lot of these last downs, they're starting to wear me out.

It's happening? One last down before UP? 

It's happening? One last down before UP? 

3 years ago : jumped to nearly 20K

Funny extrapolating through 2 points - that's how you trick noobs into ?

Who can predict in a speculative game ?

 

Dont invest into things you dont understand

I'm thinking August... probably August, yeah.

3 years ago : jumped to nearly 20K

3 years ago: crashed to $1830.

Riiiight, that's just you bitching about nodes, still not seeing you defining decentralization, and criteria that you used to come to conclusion that BTC and BSv are as decentralized? Surely you're not just putting out claims without backing them up