Well said ^ Similar changes in my life and still happening daily. Love not caring so much anymore. That's been the biggest relief and ironically, the less I care, the more that becomes available.
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I'm still looking at 12 and 13K as the resistance to break before saying goodbye to the 10's. I think we are/have seen the psychological resistance that was expected in December before the gamed pump. At least it feels a bit more organically rooted for now.
A question running through my mind for the last few months: For a society so used to a somewhat stable money value, what will be the effects of volatility in the masses? What I mean is: Having something I believe is sovereign money, although volatile, continues to change my relationship to traditional paper money and bank digits (taking a back seat). When the masses come to accept this, I expect some drastic reality shift I can't quite imagine today. Maybe it's not yet a question that can really be answered today. Maybe better, How has your relationship to money changed since bitcoin? Too serious?
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Here come the memes! Like 2 months working on em, don't let us down.
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I've been considering running a mining rig simply for the education it would offer but I'm on the fence knowing that it may not be profitable and also realizing it will likely change drastically in the short term future. I also don't want to buy from jihan with bcash some overpriced, outdated box. I mean, I seed my torrents properly and I'd prefer to contribute to BTC pools but where to start today?
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I think it's an English mistake. I read it as "less and less people own homes". Which is true.
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Regarding this POW problem, instead of replacing the SHA-256 POW by something else, we could change Bitcoin so it accepts two POW algorithms at a time, lets say a CPU one and we keep SHA256 also, each algo having its own difficulty, a block being valid if signed by either algo.
This way ASICs would have to compete with CPUs with a fair ratio, and probably disappear after some time because of the costs.
Nice thought! It's fairly clear that the current ASIC mining industry will change in the future. I wonder if this could be done in soft fork fashion?
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From my current prospective, we either solve energy or we solve distribution. Perhaps both at once.
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I'm very interested in GPU mining discussion and bitmain centralization. As bullish as I've become on bitcoin due to learning about the fundamentals from here and others, it still lacks a pure decentralized method that would put me at ease. I think mining needs to be much more simple and perhaps built into wallets. Sort of like running uTorrent or similar p2p network where information is shared and validated among users. It seems GPU mining could be one answer in diluting the mining cartels.
If BTC is not validated and mined natively between users, I fail to understand how we can achieve true decentralization.
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sniped
R0ach, do tell, why you aren't taking advantage of such opportunities if they don't come as a surprise. Even if you were to funnel your gains back into what you believe in (silver?). Is it fear? But the thing is, he probably is though. He's got a Steemit account and it's documented that he's funneling his proceeds to Bitfinex to trade. He's just a fkn troll trader. Probably doesn't even give a shit about silver, he's just trying to a create a bullshit troll persona on this WO thread. Yep, thanks for pointing that out. I'm surprised I hadn't considered this as much myself. It's interesting that he shows up when the posts start to get bullish or we go further down the rabbit hole. So... r0ach posts = bullish
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Looks like consolidation time before the next move. 1 more bounce, 2..3? I'm not convinced we're out of the woods until good volume on 12k is broken. Perhaps a week or 2 away but this fickle wench surprises me near daily. Sentiment here is 10-15k till summer.
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.......farcebook.
Lol, thats epic...I cant believe I've never seen/heard /thought of that till now...duhh! Definitely now my goto term for that along with Twatter. Faceboob is just as fitting
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Page count/ price parity has been broken. New goalz 2018! Keep posting and shoveling fuel into that choo choo.
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Yer nailin' it today Torque. I'm with ya. Thought about copying it for some family members.
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Under $10k, so ends Bitcoin. The last miner please flip off the PoW. Tss... this? Its gotta hit a fib retracement at least b4 on the 30 or more or it’s not worth noticing. Waiting to buy at 9750... Comon bears u pussies! 😆 I do see the macd crossed recently. Maybe it will go lower. Maybe this whale is reading WO posts. $1 shy of your buy order 😆
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sniped
R0ach, do tell, why you aren't taking advantage of such opportunities if they don't come as a surprise. Even if you were to funnel your gains back into what you believe in (silver?). Is it fear? BTW.. surprise surprise, gold and silver haven't done shit again. Sorry, couldn't resist
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Whoops! There goes dem gainz Maybe just a stop loss snare?
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This IS Gentlemen! 2018 is the year BTC becomes much more difficult to buy. Hedge fund managers never saw it coming. Perhaps a last chance below 10K?
Ah, but expect the usual FUD to follow now, leaks on tether coin games, China 'officially' (not just rumor) coming out saying all exchanges, even outside China are banned (unless I missed that), India doing what China does 1 week later rinse/wash/repeat Nice! Thanks for keeping the balance there
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This IS Gentlemen! 2018 is the year BTC becomes much more difficult to buy. Hedge fund managers never saw it coming. Perhaps a last chance below 10K?
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We've got movement, lets see if this can get past 10K. The volume feels about right.
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Who remembers having WO page:btc parity
Yep, page 18,759 Looks like we might be able to do it all over again.
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