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2121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 01, 2020, 12:43:36 AM
I cannae tell whether more people on this thread will die from disappointment if it's successfully contained and burns out or if the disease runs riot and finishes them off in unimaginable horror.

I'm guessing it'll be somewhere around the same.
2122  Other / Beginners & Help / Re: Why new crypto enthusiasts have to repeat losses by scammers again? on: February 01, 2020, 12:16:24 AM
All the necessary information is out there countless times over but the scammed either don't seek it out or refuse to believe it.

I've lost count of the number of times people have come on here and been told the cause of their erection was a scam but you could tell they were looking for permission rather than advice and ignored what was said anyway.

Self delusion caused by greed is infinitely more powerful than pacing yourself and submitting to common sense. Everyone thinks the lie they're being fed is that one life changing opportunity that no one else has dared to explore.

When people still fall for Elon Musk 'giveaways' I find myself lacking in sympathy these days. Inform yourself or eat the consequences.
2123  Bitcoin / Bitcoin Discussion / Re: Is it wrong to monetize a bitcoin/cryptocurrency seminar/meeting? on: February 01, 2020, 12:07:10 AM
You could give it a try. I'm not sure what the uptake would be. People want something for nothing and seem to have little concept of using up another person's time and energy.

Instead of leaving yourself open to pestering you could create an email that covers most bases, links to resources and tell anyone who gets in touch after to kiss your arse.
2124  Bitcoin / Bitcoin Discussion / Re: ln_strike- a good sign for the Layer 2 Bitcoin Network.From fiat to btc in a sec on: January 31, 2020, 05:28:54 PM
What's going to be the deal with this and compliance? Is the person proposing it operating a company that'll run it? It is effectively an exchange in itself.

I can imagine banks spraying out an army of kittens at the idea of this.
2125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2020, 05:14:53 PM
Laziness I guess.

Convenience.

By far the bigger risk is online theft. Being able to transact on demand knowing you can't be got at is a fine feature.
2126  Other / Politics & Society / Re: Brexit deal passes the European Parliament. 621 - 49. on: January 31, 2020, 12:58:39 PM
Secondly for all the talks relating to trade no one has specifically mentioned Trump and his big trade deals for UK, and when UK has US in it’s corner why would it need to worry about EU trade deals?.

America is not anyone's friend. I for one would not welcome increased American influence. It's a sick and inhumane regime in my opinion. It is also 3000 miles away over the sea rather than 20 miles.

All this commonwealth talk is daffy. Most of the commonwealth is skint as fuck. The wealthy bits have wealthier and closer neighbours who dominate their trade and immigration and the amount of trade we have with them at present is small.

I'm sure it'll all be adequate enough in the end. Nothing's ever as bad as it's billed. I also believe we'll be worse off than had the status quo been retained.
2127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2020, 12:16:37 PM
We may be an oligarchy but at least we don't believe in queens, barons, and knights. Do you also believe in dragons?

This is the ballot sheet of my local council election.



Problem with that?
2128  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin protocol be changed to allow for a larger supply? on: January 31, 2020, 11:48:14 AM
The only way they might convince someone to do it is if they promote the "21 million Bitcoins aren't enough to the world's population" idea.

But if we think it thoroughly, why would it be a problem if.. say through a hard fork the new Max Supply would be multiplied by x100 (so 2,100,000,000BTC max) and everyone has their balance multiplied x100 simultaneously? If Bitcoin is going to stay in the top as the beast of all cryptocurrencies, it would even with this hard fork happening, right?

1 satoshi equalling 1 cent would be a 1 million dollar Bitcoin. Nice problem to have.

It's possible you could have more units on a second layer since that would be the quasi cash. It would only hit the main chain when rounded up into much larger amounts anyway.
2129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Intentions of Nem good or evil? on: January 31, 2020, 11:25:41 AM
I notice lately that the Nem culture has changed dramatically after the announcement of Symbol.

I don't really understand this obsession with community funds. It's nothing to do with us. How they're spent is down to the small group that controls them and has controlled them since the genesis block. They saw fit to allocate the funds to the foundation. If we'd all been taxed to fund it that would be a different matter. The only bit that is relevant to the little people is how they liquidate them and the effect on the market.

Am sure if a straightforward hard fork type thing were possible they would've done it. It's vastly less ball ache and work. It does seem dangerous to me. It's possible both chains will sink without trace and I don't get how they're going to combat that. NEM itself has always been basically invisible despite everyone's best efforts. Another one doesn't have much to build on.

As for Alex being arsey on Telegram, I probably would be too if the same old passive aggressive clueless fucks kept needling me with the same old irrelevant questions.

Other than that I don't pay attention to many other projects but I hope they don't run along the same lines. The culture that's developed is well and truly fucked up. I'd say Lon Wong is largely responsible for that. He's the one who insisted on it being closed source. He's the one who operated for a long time without telling anyone effectively anything.

Every now and then the core developers pipe up and doesn't seem to have a clue what the foundation has been doing, or hasn't been consulted about anything.

After 3-5 years there's STILL talk of NDAs and hundreds of companies testing with little to no sign of anything. They seem to think we want to hear about things going on 'behind the scenes'.

Momentous decisions are taken in private and then presented as some sort of choice when of course there isn't one at all. The 'community' then rolls over and submits, or is so numb it doesn't think to question anything. Many of the decisions are good but that doesn't change the fact that they're diktats.  

I've seen the core developers moan in interviews that NEM has no community. Since I've hardly ever seen it listened to then they shouldn't be surprised by that. They're a bunch of spectators.

Either be a decentralised protocol open to all or be a corporation. If you try to be both you wind up neither.

2130  Economy / Speculation / Re: Corona Virus will Impact the price of Bitcoin ? on: January 31, 2020, 11:24:50 AM
But I don't get why it should be good for bitcoin, especially when a lot of businesses and corporates are China related, and also conferences and events for crypto are all there. Shouldn't price be going down because of bad news in China?

The OP's question is about whether it'll have an impact, not whether it's good.

I don't think it will. If you think it has any type of relationship with stock markets, and I don't myself, then you might believe it's possible. Stock markets certainly will feel an effect if the problems grow.
2131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2020, 10:45:32 AM
Good morning and good luck to all WO friends in the UK, it will be interesting to read your comments in the coming days.

Is anything special happening?

I bought Ode to Joy, the EU anthem, to make sure it's number one in the music charts on B word day. The rival is named '17 million Fuck Offs' which is a wonderful summary of the attitudes stirred up.
2132  Economy / Speculation / Re: Corona Virus will Impact the price of Bitcoin ? on: January 30, 2020, 07:14:38 PM
Depends on whether you're a believer in any way of stock market correlations. I'm not. You might be.

It's not the illness itself of course, it's the potential economic effects. Plenty of airlines have suspended flights to China now. If it became more serious there might be a concerted attempt to contain it that'll be worldwide that would restrict movement further. That would be felt in the regular markets.
2133  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin protocol be changed to allow for a larger supply? on: January 30, 2020, 06:04:49 PM
Of course it's possible.

It's getting everyone to agree to it that'll be the very, very, very, very hard part.

Maybe one day someone will make a concerted effort to do it. Everyone else will laugh in their tits. I'll be drooling in my euthanasia booth by then so don't care.
2134  Bitcoin / Bitcoin Discussion / Re: John McAfee called BITCOIN as a Shitcoin! on: January 30, 2020, 05:54:00 PM
The difference is that CSW is a delusional man while mcafee is acting like this to get all the attention and possibly manipulative to his audiences. Atleast with CSW you can see that he's outright lying once he couldn't prove what he stated while McAfee is kinda hard to know and always full of motive.

His motives are plain enough - make a lot of money saying whatever people want to hear or what they pay him to say. Bitcoin pays him nothing. Shitcoiners certainly do and they'll love to hear this.

It's hard to see where the subterfuge is. It's all out in the open.
2135  Economy / Economics / Re: Bakkt is done? on: January 30, 2020, 02:19:22 PM
Hopefully the professionals in this space have an attention span above that of a gnat, unlike the non pros.

This type of thing may take years to gain traction. If they haven't planned for that then they're morons. Like Circle are.

When it does they will have money pouring out of their botty.
2136  Bitcoin / Legal / Re: Who is behind KYC info? Why we don't ask them for KYP? on: January 30, 2020, 01:45:16 PM
In this scenario use your common sense.

I'm fine doing it with somewhere like Coinbase. It's not great but at least I know they're vaguely competent.

I would not be fine doing it with some piece of shit airdrop on here or any shitcoin exchange.

As for them giving you their details, that ain't happening.
2137  Bitcoin / Press / Re: [2020-01-28] Your Bitcoin Should Be Seized to Pay for Climate Reparations on: January 30, 2020, 01:32:42 PM
And again I'm not advocating for PoS which is really a Piece of S, or master nodes or else. Nor do I think that changing algorithms will fix it since it's pretty obvious for anyone knowing what revenue and cost are it won't.

So what would you do?

2138  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin living up to Satoshi's original vision? on: January 30, 2020, 12:32:25 PM
Putting that aside, everything they are doing and have done, is much more in line with the direction I thought Bitcoin would go.

I can see why the concept of BCH is popular with its believers. I absolutely cannot understand how any rational person can believe its actual implementation is anything other than a squirt of diarrhoea in Satoshi's face, let alone BSV which shoves him straight up its ruined guts.

It's massively centralised, has been 51% attacked, had incredibly amateurish features like emergency difficulty adjustment shoehorned in and an unknown corporation proposed taxing miners to pay for development. If you don't pay the tax your blocks get orphaned. It looks like that idea at least is now on the scrapheap.

Once again, they're sacrificing the stuff that really counts in pursuit of bells and whistles. If BTC could be cash without setting itself on fire it would. Right now that's not achievable while remaining intact. It has to remain intact to be developed further which is what's happening.

The first things to go in pursuit of flashiness are decentralisation and prudence. If you don't preserve them then everything that comes after winds up ultimately worthless. You may as well go back to Paypal.
2139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2020, 12:00:30 PM
I think that some people will sell at 10k, specially those who bought high in the last bubble, conforming with recovering the investment. But I also think that halving expectancy and optimism is really high and will make the pullback be moderate.

No one knows anything.

I would however forget about 10 grand being some sort of magic number. It's breezed through it plenty of times since the ATH. Anyone still here since then is not going to get rid now.

People said the same would happen when it returned to $1000. Nothing much of note happened when it actually occurred after a three year wait.
2140  Bitcoin / Bitcoin Discussion / Re: How is Bitcoin living up to Satoshi's original vision? on: January 29, 2020, 10:31:20 PM
You can't just call every coin you don't like a 'shitcoin', to say there's NOTHING NANO does well is just stupid.

But the difference between Bitcoin and almost everything else is that Bitcoin does what it does despite having the shit kicked out of it 24/7 for years on end and maxed out much of the time too. It's also managed to do that while still doing its best to uphold its principles and fighting off endless attempts to hijack it.

That's the bit that counts and that's what decides its value and position. That also overrules potential usability shortcomings. It motivates people to improve the strongest chain, not start from scratch with something effectively unproven.

The only thing that's come close is ETH in terms of usage and scrutiny and that has its own problems too.

If any other projects rose to similar prominence they'd experience the same agitation, intrigues, meddling and attempts to game and break them. Since we have no idea how most will fare most people won't bother volunteering to be the test subjects.
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