The way I see it, we have two options:
1) disagree about how to move forward and not get anywhere but here
2) agree not to move forward and just stay where we are
this will end 1 of 3 ways 1) we finally do get a super majority rallying behind a solution, in which case the minority opposed to the change can easily be crushed. 2) we split the chain, in which case its unclear if one side can ever really call themselves "bitcoin" ever again. 3) we do nothing forever, in which case altcoins become more relevant everyone wants #1 but.... there are two sides both with valid points, and its not at all obvious in anyway which is favorable, yet both sides are utterly convinced DOOM awaits if either side wins. #2 is infinitely more favorable to #3 #3 appears to be where we are headed... which is probably why altcoins are doing so well these days. |
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Actually I respect his opinion because over the course of the past 4 years I have witnessed that he usually says things that I agree with, and he backs up his statements with strong technical, mathematical, and moral/ethical arguments. He stands firm in his convictions and politely attempts to educate those with less technical ability and less bitcoin experience, even in the face of constant vitriol from opponents who are almost always less knowledgeable on topics than he is. I have not seen his stances or arguments change one iota since blockstream was formed, and anyway I think the team there is an incredible resource for the bitcoin community. I am grateful for them, and for the financial backers that have made it possible for a group of such incredibly talented people to be able to to devote themselves fulltime to the task of improving the open-source bitcoin codebase.
so you're just going to ignore the question then? ok |
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long time hodeler here....
so i figured id drive up the price by selling a coin at $1245. (i can push it down when i buy ) never fails.
$1300 incoming ... your welcome folks!
good man, taking one for the team! |
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contentious Miner Activated Hard Fork - MAHF
less than palatable User Activated Soft Fork- UASF is less dangerous
I'm honestly tired of reading this Orwellian nonsense. Bitcoin was clearly designed with miners controlling the protocol and forks in mind. Instead of speaking the truth, that there's supposed to be such a large amount of individually acting miners that it's not possible for them all to collude forming a nash equilibrium, and that only win-win policies would be adopted in a non-zero game game, you instead have a failure of bitcoin decentralization where everyone who controls the entire coin can fit into one car. ASICs and pools destroyed how bitcoin is supposed to function. It essentially died at that point and people just pretended it didn't ever since and now it's the Chinese Paypal. This doesn't mean "full nodes" now control bitcoin just because you don't want one car full of Chinamen to control it. That's not how it works. Miners will always control it or it's not actually bitcoin. The fact is, there was a breakdown in the decentralization and Nash equilibrium of bitcoin that has to be addressed. Decentralization may even be an insoluble problem itself, making this thing a giant fugazi no matter what you do. I tend to believe that is the case until someone can prove me wrong. I imagine it would take something extreme like some cutting edge cryptography to let you create decentralized captchas for mining so that it takes active user input to solve blocks - human based mining. Using energy expenditure to find convergence was never that great of an idea in the first place when energy costs are not even close to uniform across the globe. It was designed to centralize even without ASICs. Why do you think I like metals? Bitcoin is a Ponzi scheme created by *some guy. Gold and silver are a Ponzi scheme created by *God. hashing power and node count is only a signal of the truth underlining Very much Decentralized consensus. a super-majority hashrate Fork ( hard or soft ) can fail a User Activated Fork can fail the reality of the situation is if there is sizable demand for not consenting to a fork of any kind a split will occur, and all exchanges will be economically incentivized ( through trading fees ) to say impartial (somthing they seem to want to do naturally anyway ) and allow for the 2 competing forks to trade ( ex. BTCCore Vs BTCBU ) when we fork with a majority hashrate and node count, we can safely assume, economic majority is on our side and such a "split + market battle" is unlikely, but we are simply assuming node count + hashrate is indicative of the economic majority's will. its a fairly safe assumption since miners are economically incentives to align with economic majority. bottom line is, bitcoin necessarily is what WE think it is, its not about the miners its not even about the users, when push comes to shove money talks. it goes without saying a split is not what anyone wants. But it isn't well understood how a small minority disapproving the change is irrelevant. we are currently at an impasse with the blocksize debate because as of yet there isnt even a rought conusues, and no one wants to risk spliting the chain. this will end 1 of 3 ways 1) we finally do get a super majority rallying behind a solution, in which case the minority opposed to the change can easily be crushed. 2) we split the chain, in which case its unclear if one side can ever really call themselves "bitcoin" ever again. 3) we do nothing forever, in which case altcoins become more relevant |
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 if you're bullish you'll set some bids slightly above 1200. if you're bearish, join me now i'm doubling down.  |
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if we break above 1250, I'm fairly certain we're going to go to 1300 pretty fast,
after that we'll probably be seeing a new ATH set weekly.
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google owns blockstream and blockstream owns the core devs BUT the government owns google there is only one way out of this, dump the core would it be all that surprising to be presented with definite proof all this? FUCK NO!  good theory i like it. |
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 never short your bitcoins kids... |
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The Bears will come. The ETF not being approved signals a new bear market. Altho many are trying to see the silver lining in the dark cloud ahead, its hard ignore the obvious; market was high on the possibly of the ETF being approved, but it was denied and we saw just how dog-eat-dog the traders became, dumping BTC SUPER-FAST down to 975 flat before letting it bounce, after that 1050 was the battle ground, bears lost, then 1100, now we are at 1150 and bulls feel they've won. I think its far from over, altho i will loss the small bet i made stating <975 before monday 00:00 EST, the bears will come, and the bulls might be exhausted from their recent run when they do. The above chart paints a bearish channel, i do expect to be trading in this channel for the next week or too. However the next 48hours are absolutely critical, if bulls can sustain price above 1120 for that time, this may signal a complete and utter failure from the bear team. but i am warning bulls to keep there cool and not go chasing magical unicorns, market ought to adjust itself before resuming full speed ahead. What a bunch of random lines you draw there! I think you are confusing the concepts of MAYBE another dump/correction incoming with a "bear market" which is much different and there is no sign/reason for that yet. I know the lines are pretty random, but they LOOK relevent dont they right, but correction or bearish trend, just didnt sound scary enough. |
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The Bears will come.The ETF not being approved signals a new bear market. Altho many are trying to see the silver lining in the dark cloud ahead, its hard ignore the obvious; market was high on the possibly of the ETF being approved, but it was denied and we saw just how dog-eat-dog the traders became, dumping BTC SUPER-FAST down to 975 flat before letting it bounce, after that 1050 was the battle ground, bears lost, then 1100, now we are at 1150 and bulls feel they've won. I think its far from over, altho i will loss the small bet i made stating <975 before monday 00:00 EST, the bears will come, and the bulls might be exhausted from their recent run when they do. The above chart paints a bearish channel, i do expect to be trading in this channel for the next week or too. However the next 48hours are absolutely critical, if bulls can sustain price above 1120 for that time, this may signal a complete and utter failure from the bear team. but i am warning bulls to keep there cool and not go chasing magical unicorns, market ought to adjust itself before resuming full speed ahead.
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I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast. Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy). No kidding. After long time considering buying one I finally did past week and I couldn't be happier now. Way better and more secure than my previous mess of having some in exchanges, some in software wallets and some in paperwallets. Now I can only recommend to anyone that doesn't have one to buy one asap. It's a whole new dimension. There's really no reason not to have one except maybe for someone with less than 1btc. I did buy a Ledger Nano S though, which is mostly the same than Trezor. I use Nano S and Trezor. I like Trezor better because I can use it with one hand but that is a minor quibble. It is a good idea to keep a portable copy of latest Electrum on your desktop if you are using the Chrome apps for Nano S; once in a while the Ledger servers have a problem usually on a weekend. If you trade Ether you can use MyEtherWallet as a backup to the Ledger Ether Chrome app. My trezors handle: 1) bitcoin transactions etc. 2) password manager 3) u2f 2fa Do Nano S devices do all of these things? I might check them out one day if they do. With a trezor do I need a desktop computer? I do everything on my mobile. it would be surprising if you could... |
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like I said... if you know what the markets will accept you'd be a billionaire.
The fact that you pretend to know what the markets will do with certainty tells me you're a noob when it comes to actually understanding markets.
Oops I lost you. 1) It's basic accepted science the free markets act rationally 2) The markets won't accept an scientifically unfounded proposal Which of these two do you deny?  there's only one thing you can reasonably expect from any market free or otherwise, individuals will generally do what they FEEEEEL is in their best interest. consider the free market that is the plant, and what all the individuals are doing with it. does this seem rational or scientific. |
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i'm feeling bearish again... ( selling coins will do that to you )
delusional bulls are done chasing their magical unicorn.
time for reality to set in, NO ETF == billions are not going to pour into bitcoin, NO ETF == No reason to hodl.
Sells at bottom Now trying to convince us no reason to hold lol... GTFO dumbass troll sold at bottom OR 10% lower then ATH levels |
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i'm feeling bearish again... ( selling coins will do that to you )
delusional bulls are done chasing their magical unicorn.
time for reality to set in, NO ETF == billions are not going to pour into bitcoin, NO ETF == No reason to hodl.
or, no ETF until prices are much higher...which means you want to buy now (or well before) there will ever be an ETF well fuck. you logic is undeniable No ETF now, means we are still buying pre ETF coins. |
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i'm feeling bearish again... ( selling coins will do that to you )
delusional bulls are done chasing their magical unicorn.
time for reality to set in, NO ETF == billions are not going to pour into bitcoin, NO ETF == No reason to hodl.
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BTC/JPY is pushing higher still!
if you subscribe to the idea that no ETF is more bullish then ETF
and you look at the charts and consider other bullish fundamentals
one can only conclude we will hit a new ATH very soon.
and that we are set to go MUCH higher, 1800 mid term, 3000 long term
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without considering manipulation
this rise indicate 1 of 2 things
1) all the money on the sidelines waiting for an ETF approval, is pilling in because... "well i'm not going to send the money back to my bank account, plus looks like cheap coins to me!"
2) Trump has entered into a BTC bidding war with India and Japan <- ( magical unicorn )
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i always underestimate the magical unicorn effect
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