Jbear will be along shortly to explain why 51% attacks are an important feature of BCH |
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There are no other boards. Only sources of yammering chaos and disinformation.
Osmotic gradient |
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Got that blog post from a trader who calls 100 coins 'a small position'.
Litecoins right? Don’t answer that |
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at the end of the day 1 came out profitable!) Total 1/6)
For me the most important thing is that I recognized my mistakes! It costs a lot
I remember reading a blog of one very prominent trader (sorry, I forgot the linky). He said: 1. if your last 4-5 trades went bad, become very defensive. 2. if your last 4-5 trades were profitable, become very aggressive. I lost a large chunk of my trading equity in 2001-2002 since I only knew the bull market of 1997-2001 prior to that. Nothing worked, but I kept 'buying the dip'. It was a good lesson. And good value for money is my guess: eventually in the green anyway, unless you sodl or got rekt. Are you referring to this blog by any chance? http://theimpatienttrader.blogspot.com/2011/10/things-ive-learned-after-15-years-of.htmlSomeone posted a link to it just a few days ago. I think it was Last of the V8s. Yes Last of the V8s was the first to post that blog on the WO afaik. I still think of it as the most important blog post I have ever read. |
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Not sure who the hell could dare to short that at this stage! Don’t short bull markets. You will, sooner or later, get smashed. If you have to use leverage (and you probably should not) long the dips. |
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I been through the horrible drop in portfolio value.
I'm surprised at the number of people here shaken by the pump and dump. I treated that high as no more than a theoretical figure. Trying to realise it with the amount of chain and exchange seizure would've been a lottery, and of course no one knew that was the peak though it certainly showed every sign. As it headed to poo land my main fear was being bored shitless again for several years until it came back to life. The thing I've been most stirred by is how similarly the whole thing has played out so far compared to the previous bubble. The problem with expoparabolic curves is they tend to go straight up. Which makes it hard to guess where they will stop. |
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We now return you to your regular scheduled program. 31k sats and all is well...  |
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Looking at the charts over the last 24 hours... I'm starting to get the fear. Not so sure about us hitting $9k within two weeks any more.
Let us see how the corn grows.
Hodl.
The price is about $3k higher than it should be at this part of the cycle. We are already higher than what the December 2019 peak should be. It’s all gravy.  |
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Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?
A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied. Well, the copyright office does not 'approve' claims. The registration is merely prima facie evidence of a superior claim. Any further action is contingent upon court action. Only such would lead to 'denial'. It’s not prima facie evidence of anything other than evidence of a claim having been made, That's exactly what I said. Not to put too fine a point on it, you said it was prima face evidence of a superior claim. Which it is not. It is evidence of a claim. It is not evidence of superiority, nor strictly speaking, is it prima facie. Unless of course like the egg in Alice, words mean whatever you intend them to mean, in which case carry on. A dog capable of filling out a copyright registration application would seem to be a pretty unique animal. Of course, I'm not a zoologist.
I saw a dog surfing on YouTube once so I wouldn’t underestimate them |
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I wonder if the coingeek article counts as wire fraud. They are getting dangerously close to pissing off the USG.
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Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?
A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied. Well, the copyright office does not 'approve' claims. The registration is merely prima facie evidence of a superior claim. Any further action is contingent upon court action. Only such would lead to 'denial'. It’s not prima facie evidence of anything other than evidence of a claim having been made, which claim could be made by my dog |
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Nodes set the rules, not miners
If the majority of miners mine blocks against consensus rules, as defined by nodes, nothing happens, as mined block, even if the longest chain is produced, are not relayed trough the network as rejected by the nodes.
The only option a so-called 'node' has when it encounters a chain it doesn't like is to orphan itself from that chain. And hope it can find another it is happy with. If the miners en masse move to a new implementation, each and every so-called 'node' merely fucks itself individually. Do we have to UASF every time you raise this misconception? We have had this exact discussion at least five times. |
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Umm.. how is "volatility" defined in the above? those numbers seem way low to me..... It’s something but it’s not math Edit: apparently it’s rolling 30 day volatility not annual |
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The immutability of the 1MB blocksize still stands if we throw out the word "protocol". Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever, and become the de facto standard in all bitcoin software implementations. That's why Garzik and the others were opposed to it at the time. Satoshi said that it was temporary, but he knew enough about game theory to realize 1MB blocks would become a Schelling Point within the bitcoin network if it was left in the core client long enough.
I agree fully with the above but unfortunately the 1MB block size has already been abandoned when segwit was introduced. This wasn't a prerequisite of segwit at all so it's a real shame and a real danger of having set a precedent (at least in the minds of some) for another increase in the future. I hope there will never be another increase as every increase exponentially reduces the effective security of the network. Segwit was a soft fork not a hard fork. Nothing was abandoned as its all 100% backwards compatible |
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Non traceable (harder to trace) SIM cards is another great use case for Bitcoin
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It's great that a city has many merchants that accept Bitcoin, the only thing missing in this, is barely anyone is spending their Bitcoins to buy things. Everybody just in hodl mode. If we want true adoption start spending and paying for things in BTC.
I’m going to be honest here - I’ve been invested in bitcoin (and constantly buying) since 2014. I don’t think I’ve ever bought anything with bitcoin. I mean I’ve gambled with bitcoin then sold some & rebought but I don’t think I’ve ever bought anything with bitcoin. I know I’ve never done it physically in a shop or something. They take Bitcoin. And they are bloody good. Hopefully obvious why you would use Bitcoin and not your credit card. |
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Individual alts are almost impossible to kill. I am resigned to the fact that we will always be surrounded by a spectrum of alts. They just won’t have any value once the next big thing comes along.  |
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Oops  |
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Out of interest does anybody (except jbreher) still own any BCH or SV?
I transferred all of my BCH into Bitcoin & spent it living like a king for just over 12 months.
(I don’t sell any of the Bitcoin I’ve bought myself but give me a break for wanting to enjoy the fruits of my labour here).
Obviously I got 0 SV because I had 0 BCH at the time of their shitfiri.
Couldn’t stand that shit. Dumped it for BTC immediately. I’d rather be a no-coiner than have Roger control my coins. Never got any SV as a result but definitely got the better end of the deal. |
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That's a good point. Technically you're correct about the blocksize limit not being part of the protocol, of course.
Though if everyone is running a client with a different blocksize, the network will become a clusterfuck.
No. The miners -- or rather 51% the largest group of them -- would then determine the max block size. No clusterfuck. Longest chain rules. FTFY Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever, and become the de facto standard in all bitcoin software implementations. That's why Garzik and the others were opposed to it at the time. Satoshi said that it was temporary, but he knew enough about game theory to realize 1MB blocks would become a Schelling Point within the bitcoin network if it was left in the core client long enough.
That's simply not true. You're claiming to know the mind of Satoshi in direct opposition with his public statements. https://bitcointalk.org/index.php?topic=1347.msg15139#msg15139Satoshi is dead. I don’t give a fuck what he intended anymore. |
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