Good luck hiding those 'banned' addresses from all the other miners. Or maybe I'm misunderstanding your idea? |
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When do we start banning specific bitcoin addresses of certain people or entities from entering our 'specific Citadel' or our 'network of Citadel systems'. Do we have an alternative blockchain that is just for having a database of "blacklist-addresses" from alternative crypto networks or also BTCitcoin??  Censoring bitcoin, sure. Easy. Go ahead!  (yes I think too much...)
I didn't write that  |
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As I said, only the first time hurts, after that it is fun  Yes, Bob told us a few stories |
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 'Stopping my hearing loss' alert. |
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Fuck my long was cancelled before execution because of insufficient margin (too little BTC in the marginpool) on Kraken. It was only 1.6 BTC so they must be really low on BTC's.
I'm honestly sorry for your cancelled long but this is r e a l l y g o o d n e w s !As xhomerx10 said, good news indeed. The ask book is too thin on Kraken. I suspect the situation is similar everywhere. That's why I doubted we could slice through 50k like butter right now: someone wants to sweep out the leveraged longs first (nudge nudge, hint hint @Torque and the others). So I'd say: expect a brutal down wick - possibly even into the low 40k's - before 50k gets crossed at speed. The psychological barrier is done with already. |
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Fuck. Seeing $4x,xxx is so boring...
I want at least a 5 in front of a 5-digit number.
Or a 6-digit number (whatever the front digit).
Though, my dear, some front digits are better than others, I'd say in a gentlemanly manner. More port? EDIT - By Jupiter! Mr. Dabs was faster than I. I'll just sip on this port a little longer. |
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What a disgusting poll !! And the results almost made me puke...
So do you really think 2.5x from last cycle is current top?? with all the money printing frenzy ?? c'mon!!
The poll is worded carefully. It asks "When do you plan to START...?" The keyword is START. Even if someone has a higher target in mind, locating the top is not easy - actually nearly impossible, it could be argued. So a careful BCA* strategy could be an effective way to extract a preset amount of fiat, hedging against a premature end of the bull cycle. Not that I deem it likely as it is now, or that I need that much fiat in this predicament. Personally, I'm not starting anytime soon, but we all have different circumstances, so it will be interesting to see the poll's results. *Bitcoin Cost Average |
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Always make sure your house has a fireplace. Friend in Texas is -3 temps and no power. A miserable heat pump won't do squat in that case.
Smart trick from UK grandma on how to use a fireplace:   Fires in fireplaces are banned in London. Her Majesty can't be seen breaking the rules. |
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That's quality shitposting, though. Don't worry is my advice |
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I'm so glad I never went through with my idea of taking out the initial investement and "keeping the game on house money only". YMMV... but it might not, too, perhaps? |
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Oh, and congrats to ivomm for well deserved legendary status! Welcome to the club in the club. The cream of the cream, so to say.
b1tc01n3rz r 1337
wall 0bz3rv3rz r m0ar 1337
hatt3rz 3v3n m0ar
#ha1ku
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(note date of this quote)Why does he sold all his coins at the bottom? I can't get it even now. If you have a work and hobby, you can just "forget" about your coins. If it fail, in factnothing will change for you. Yeah, you will regret this all your life "Oh, i could sold it and bought new Cadillac for myself!". But what will be (in fact what already happened in mindrust case) if this will success? If you've sold at the bottom, you will regret your actions much stronger than in if it would fail.
Yes. If you have "a lot" of Bitcoin and it's all just stressful to you, sell 3/4 and put the other 1/4 on a cold wallet in a drawer somewhere. Use the cash wisely, have a good life and if things go well, you'll still end up with more wealth than you'll ever need. I really need the lockdownz to stop:
Where are you located? Lots of places lockdown isn't much of an issue at the moment. I'd be planning a long vacation in Florida if it was stressing me out. Fortunately, it's not too bad here (though we're in the middle of an ice storm right now). (note date of this quote)Yes. If you have "a lot" of Bitcoin and it's all just stressful to you, sell 3/4 and put the other 1/4 on a cold wallet in a drawer somewhere. Use the cash wisely, have a good life and if things go well, you'll still end up with more wealth than you'll ever need.
AKA Never go full fiat. Nice "recursive" editing, Richy
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I think I actually still have a bit of bitcoin on a couple of pools. Though last time I tried to spend some of the dust I'd accumulated (p2pool), the fees were ridiculous because of so many inputs (and mempool madness, of course). Just make sure you make the transaction before you run the node. Also you might have to keep the node running for a month or two till it gets to your transaction. Other n00bs have put a low fee 'by default' just because they are noobs, and you will have to go trough their transactions first before the node reaches yours, good luck with your charity work... but probably in the end it will pay off. How can you slip in a transaction of your choice if it isn't you who "wins" the block? Please explain this a little better if you can. |
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Of course, a certain fraction of bogus data makes a database worthless if you can't locate it and fix or erase it.
I'm trying to make a different point: legitimate uses of blockchains - unlike THE blockchain: maybe not permissionless, not PoW based etc - for specific application. An example: tracking deliveries.
You talk about tracking deliveries as if it is necessary and mission-critical that that use case have blockchain tech attached to it. The last 30+ years of our working "global parcel delivery system" would like to have a word with you. Blockchain not bitcoin: solution looking for a problem that either doesn't exist, or isn't that critical. Bitcoin solves a problem and the problem is what Bitcoin solves.
Statement of the century. I'm not even implying it is necessary to use blockchains in tracking deliveries. I'm just pointing out a field of application where it might be useful to use some kind of blockchain', even if some data could be fake (while for monetary applications, this is obviously unacceptable). In a previous post, I also pointed out how most academic departments sporting "blockchain" in their names very seldom deal with problems connected to deliveries. Rather, they often indulge in studying PoW etc related issues - which don't necessarily have anything to do with blockchains in general.  My posts try to show how phony the "blockchain not bitcoin" stance is: people who say they're into "blockchain studies" are usually only interested in THE application of THE Blockchain. In other words, I haven't made any statements about THE Blockchain - in particular, I've never said "blockchain, not bitcoin": I think it's plain BS. I'm baffled by the number (and high quality) of replies effectively contradicting a statement I never made. |
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Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
Not necessarily worthless. You can add a fake piece of information, but it's timestamped. What matters more, it forces you to fake later info related to the first fake piece. You can't go back and fix the logs after the fact. This can be valuable even if the info itself could be fake. As someone who pays other people to sanitize databases, I disagree. A large database where you know 1% of the data is invalid but you don’t know which 1%, means you have to validate the entire database from top to bottom for mission critical applications. So any errors in a database can easily invalidate the entire database. It all depends on the severity of the consequences of relying on bad data. For non-mission critical stuff, 90% correct might be just fine. For a blockchain application where people are putting their trust and faith in the blockchain, that sounds mission critical to me. Of course, a certain fraction of bogus data makes a database worthless if you can't locate it and fix or erase it. I'm trying to make a different point: legitimate uses of blockchains - unlike THE blockchain: maybe not permissionless, not PoW based etc - for specific application. An example: tracking deliveries. Admitting you can fake one data point - parcel was here at this time, weight was such-and-such or whatever - you either have to extend the lie OR the world notices something's fishy at the next milestone. All that is required in this case is a posteriori immutability, not absolute accuracy. |
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Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
can be fake...maybe...not sure if 100% true due to decentralized oracles. without going into too much detail, here is some info on the underlying problem and an attempt to find a solution. https://medium.com/better-programming/what-is-a-blockchain-oracle-f5ccab8dbd72I am not sufficiently math savvy to ascertain whether it is a real solution or not..js it seems that bitcoin does not need that, but some sidechains might. surely do. I discovered an article while researching bitcoin, some time before buying my first. When I first read it, bitcoin was very young (I think the article itself predates Satoshi's public work) and believed to be practically anonymous. The fact that it isn't anonymous is not actually relevant as long as other private coins exist, or privacy can be enhanced with add-ons. There was no Wikipedia article on assassination markets then, but the revolutionary implications of this idea struck a chord. I had a flash of Bitcoin's potential to change the world, finance apart. Here's the article, still in its original form: Assassination Politics. Hang on a second here. Assassination markets have nothing to do with blockchain. Yes they are arguably more efficient when using cryptocurrency but we already know that dark markets get busted / do a runner constantly. So while there is a theoretical argument for assassination markets (which tends to fail in real life), it doesn’t prove the case for blockchain. I meant assassination markets do need decentralized oracles. And an anonymous or anonymizable cryptocurrency. |
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Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
Not necessarily worthless. You can add a fake piece of information, but it's timestamped. What matters more, it forces you to fake later info related to the first fake piece. You can't go back and fix the logs after the fact. This can be valuable even if the info itself could be fake. |
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Exactly this. Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake. Only currencies do not require anything to be added.
can be fake...maybe...not sure if 100% true due to decentralized oracles. without going into too much detail, here is some info on the underlying problem and an attempt to find a solution. https://medium.com/better-programming/what-is-a-blockchain-oracle-f5ccab8dbd72I am not sufficiently math savvy to ascertain whether it is a real solution or not..js it seems that bitcoin does not need that, but some sidechains might. surely do. I discovered an article while researching bitcoin, some time before buying my first. When I first read it, bitcoin was very young (I think the article itself predates Satoshi's public work) and believed to be practically anonymous. The fact that it isn't anonymous is not actually relevant as long as other private coins exist, or privacy can be enhanced with add-ons. There was no Wikipedia article on assassination markets then, but the revolutionary implications of this idea struck a chord. I had a flash of Bitcoin's potential to change the world, finance apart. Here's the article, still in its original form: Assassination Politics. |
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Indeed. I was just pointing out that the most relevant bit isn't "blockchain" in itself, but all the other cool properties we know, Byzantine generals etc.
MSM and WS need buzzwords to spread hype or FUD. Academia too. "Bitcoin" used to be unspeakable in certain circles, so they focused on this "blockchain" thing, but in most cases they're just as clueless today as they were when "blockchain" was the "real thing".
Then you see whole university departments with 'blockchain' in the name, and all they actually deal with is... permissionless, public, untrusted, PoW-based blockchain(s). They might as well call that 'Bitcoin studies' (capital B Bitcoin).
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Without bitcoin there is no crypto, no digital currency and no use case of blockchain technology.
To be fair, I think a few use cases for blockchain technology exist - like cryptographically reliable timestamping of certain transactions. The shipment industry could be an example, or the stock market and the clearinghouses behind the curtains, where strict timing and prioritization of trades could be made transparent. The only important property is that you can't touch a past block without invalidating later ones. However, such an unwieldy, inefficient, slow thing as a non-permissioned, fully distributed blockchain, with PoW, ...well, then of course there would be no need. Except for bitcoin |
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