When the markets are this choppy it's probably best just to  hodl I will second that suggesting to hold tight. We are noticing a very shy attempt of moving up. I see some green which is good but nothing extraordinary. We need another alts bloodbath. How long before those scammy icos will burst and let the fun begin? I hope within 6 months  Yes this is exactly what I am talking about man! 6 months for at least 80% of Icos to blow away with disdain. I feel the vibe... 9000 is coming (again) |
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The analysis of Alex de Vries contains huge methodological problems. #1: And while he does have confidence in his estimates, the problem with this method is that these manufacturers
are extremely secretive. "Sometimes the best information we've got is really shaky eyewitness accounts. That's the stuff we have to work with," he says. Does this look like reliable data to work with? I wouldn´t take estimations that are based on "shaky eyewitness accounts" seriously at all. These eyewitnesses might be completely biased, which would obviously distort the results of the whole study (e.g. if you talk to a disgruntled ex-Bitmain employee he might not be 100 % honest, because he might still have a grudge against his former employer). #2: For the majority of the network no information is
available at all. At this time, it therefore cannot be ruled out that hashrate
simply does not reflect a large part of the electricity consumed in Bitcoin
mining. While this seems theoretically possible, it is strongly likely that the hashrate is indeed a pretty good indicator of the electricity consumed in Bitcoin mining. There are several other flaws in his method (e.g. he bases some of his calculations on the lifetime energy requirement of an Antminer S9 while completely ignoring the possibility that more efficient ASICs emerge). Besides, he completely ignores the fact that some energy usage might come from sources like the geothermal renewables in Iceland or that the energy providers are actually happy that miners are making use of excess energy in the system. If anyone wants access to the full article, send me a PM (not sure if I´m allowed to link it here, because it was published behind a paywall of a journal). interesting. IMHO this represents one of these attempts to bring dark Shadows on bitcoin. It needs to be presented badly so that more and more good people will stay away from it. by the way, please, i would like a copy. thank you |
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When the markets are this choppy it's probably best just to hodl I will second that suggesting to hold tight. We are noticing a very shy attempt of moving up. I see some green which is good but nothing extraordinary. We need another alts bloodbath. How long before those scammy icos will burst and let the fun begin? I hope within 6 months |
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- don't trust, verify. Still as relevant today as when it was coined.
I absolute agree on that one.
verify the the source code and use a self setup node to verify transactions....voila. you dont need to believe in other words.
Amen! that's the beauty of it: we really need no trust source here but everybody can verify how this whole thing works. I think that's the reason that got me here in the first place  |
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no, the other bcrew.....
ok, everbody we have another monkey escaped from the jungle. watch out. about a 884k watch... really? such a waste of money and resources! but i guess if you realize you made tons of money out of nothing you simply don't care .. |
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spectacular comment!
I would add that they blame us for using and sponsoring a new kind of money which is so predictable. The way I see it there can be no debt on bitcoin and for those who took the pill it became important to study what are the btc money mechanics. after that, discovering the central banking flaws becomes natural
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My note: becoming really tired of predictions. They are always wrong Bitcoin’s (BTC) price has gone down around 10 percent this week since crypto conference Consensus ended yesterday, May 16, despite predictions that the event would cause the crypto markets to skyrocket. Fundstrat’s Tom Lee, who had accurately predicted a crypto price rise in the wake of US tax day, had used past price spikes after the crypto event to predict a rally “even larger than past years,” according to Bloomberg: “Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus.” Read more https://cointelegraph.com/news/bitcoin-price-fails-to-accomplish-predicted-rally-following-nyc-crypto-conference |
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Securing the most important network on Earth as its price I guess. By producing (mining) bitcoins people are extracting new value that goes directly or inderectly into the real economy.
I don't mind much how much electricity is used but what I worry the most is those ASICs and GPUs becoming filthy waste
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These people will buy a knife and stab several people... they do not need millions to fund attacks. {What is the cost of a knife?.. $5?}
Oh the UK government have that covered for you, the recent rise in knife crime has prompted politicians, newspaper columnists and psychiatrists to call for a ban on knives with points. Which is very similar to what the rules are in prisons, if I understand correctly, lol. Put more Police on the street and improve intelligence gathering and stop killing people in foreign countries. Listen, governments don't really want to solve problems. If they were ever effective at solving problems, they would end up with no problems left to solve. Creating and perpetuating subtle problems, and then treating the consequences (instead of the cause) is how politicians stay in business. We're here (using and championing Bitcoin) because of one of the most subtle problems (propped up by politicians) that exists: central banking Exactly the way I see it. My only fear relates to the fact that if, as you correctly point out, governments will want to end the bitcoin problem, I think that from that time onwards using bitcoin will become a revolutionary act. Seeing the way the world's evolving I would not be surprised by a 1984 version where we can use Bitcoin underground only. I hope cypherpunks will always be around to lead us the way |
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snip
See you all sometime next year.
Could you please post one of your TA charts that actually got the price right in, let's say, the last 6 months? I'd be glad to see if it's worth watching you or if I better scroll down these huge charts |
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Bitbond is not a bank, it is a bitcoin-based lending platform! Their motto is “see no bank, hear no bank, speak no bank”.
I used it once in 2014 and lost 0.25 in a scammy loan.
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You can't 'force' people to consume against their will.
Buying more stuff does not bring me happiness at this stage of my life. Super Kudos Bob! Well said! I would add that what you said applies to everybody at every stage in every life. Because i'm an idiot and didn't check the fud before re-posting this
3 Merits for self-recognition.  I felt the urge to double those merits to this new guy on the WO! Welcome! |
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Consolidate Bump!
About two weeks ago, I saw recommended fees rise up to 40 sat/byte again when blocks were full. Fees are low again, but it won't last forever.
Ok, papa! Now it's your time to take that money and turn those eurocrap coins into bitcoin for your own son! He did his part now it's yours. If you do that I might add some bits if you like  I'm an eager supporters of youngsters entering the Bitcoin world. PM me if you wish |
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I don't have bitcoins. I am simply able to control and use the private keys associated to my UTXOs that give me the opportunity to transfer thouse outputs onto other addresses that will become new UTXOs for the next guy on the blockchain. Again, I have NO bitcoins. I HOLD keys This is an important distinction, but in the context of the question, the problem simply shifts to "Prove you hold keys." Like, " Dude. If you think I'll drive 50 miles to trade my riding lawnmower for your bitcoins, you gonna have to show me you have them first." Kudos I tried mine, I'll turn my head around this some more but I don't think I'll come up with your answer. Therefore, I'm waiting for others to crack the code you have here. |
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Now I guess I understand what does it mean to read when people panic. I read a few pages here and I got increasingly convinced of holding my stash. This is early stage still and you guys don't get it. If was you I'd stop messing around and start studying  |
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I don't have bitcoins. I am simply able to control and use the private keys associated to my UTXOs that give me the opportunity to transfer thouse outputs onto other addresses that will become new UTXOs for the next guy on the blockchain. Again, I have NO bitcoins. I HOLD keys |
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As always nobody has a clue.
TAs should be banned from crypto.
I guess you are right. I didn't see a single chart predicting with some tiny accuracy the recent crypto madness. I mean, I don't care as a serial buyer and holder. But, yes, I would love to see no TA for a while |
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I highly recommend this book to anyone even remotely interested in Bitcoin, "blockchain", or any other cryptocurrency. It's been making some big waves through the Bitcoin community. As the review above points out, it makes one of the strongest cases yet for Bitcoin maximalism. I like this :  As bitcoin maximalists our first task is to get entrepreneurs into bitcoin and bitcoin alone. And that can be a very difficult since 95%+ of the information on the bitcoin and crypto space are scams and millions are spent to lead the uninformed into these scams. Nice |
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If Ethereum would switch to a progressive POS adoption it will make the perfect altcoin scam cycle.
1 Premine with token sale
2 POW
3 Hybrid POW/POS
4 POS
5 Bankrupt
That's so 2013/2014
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