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It’s good man but don’t get too excited. We have months of shit to wade through. These are important technical victories, not rocket launchers.
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Close to closing first two monthly candles in green since December 2017  |
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Con man alert!
This guy will sell bCash scam shitcoin to you saying that that is Bitcoin.
Still calling it Bitcoin Core I see... Jesus H. Ver... the man has no shame. For "fun" I read a news story about what I thought was bitcoin at news.bitcoin.com... They ALWAYS put BCH in front of BTC, whether they are just casually mentioning it in a news article, showing the prices in their ticker, or on their "buy" page... the default option is... you guessed it! BCH! Its not called BitcoinCash.com FFS. Meanwhile the average BCH block size is 70k! Not 700k. Not 7,000k. 70! Nobody is using his shitcoin, ergo who gives a shit how big its blocks are. What bcash and sv freaks just don't get is that nobody wants to use a coin piloted by a charlatan. Relax. Roger Ver is irrelevant. He is much better over there than in our community. Let him quietly fade into obscurity while he burns all his btc trying to prop up his shitcoin. |
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Satoshi could've really made a very complex whitepaper, but it's interesting that he chose to keep it extremely simple by not including any difficult stuff. Why did he do that?  -the elements were mostly there, just need puzzling together -it is quite simple at heart, though the code was more complex -to make sure the CIA knew they were fucked from day one Agreed + the hardest thing you can do, is make complex things simple |
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No moon yet though. We still have months of turbulence ahead.  |
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She’s big enough to see from space boys  |
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A premise: you wake up one day, and nobody knows anything about bitcoin (or any other crypto)...cypherpunk does exist, just no bitcoin..you, however, know as much as you know now. Similar to "Yesterday" [the movie] premise, which is that all "Beatles" info got somehow erased from the mankind's collective memory with the exception of the main character (I am sure that there might be a twist in the end, though). https://www.youtube.com/watch?v=6uqvgPm8U4cI know that this is impossible, but what would you do? Is someone here with a knowledge to reconstruct Satoshi's paper? I am simply curious since I know the general outline, but probably wouldn't be able to properly formulate it. I think we would have enough to go on (without looking at the paper): • SHA 256 / Hashing • Proof of work • Difficulty retargeting • 21 million cap, 100 million sats, halving every 4 years • Miners to bundle transactions from mem pool, blocksize cap • Blockchain / timechain / merkle trees • Public key / private key addresses, sign to send • validate UTXOs as unspent One thing I don’t understand is how Bitcoin achieves consensus on time While these do mostly describe bitcoin's protocol and terminology today, not all parts of the list were in the whitepaper. Notably the blocksize cap, and especially the 21mil cap. Idiots who use the whitepaper as a bible may yet pounce on this latter just as they pounced on the blocksize element. Fair comment. No fucks given re idiots, goal was to reconstruct Bitcoin. Those are both inseperable design elements. In particular, 21 million BTC is a hill I choose to die on. |
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Breakout. Look at that volume - solid. This is how we do.  |
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difficulty is adjusted so blocks are produced every 10 minutes Maybe I am being retarded but where does the measuring stick come from? How does Bitcoin know how long “10 minutes” is? By comparing the timestamps of the last 2016 blocks and seeing how closely it comes to the 14 day target. Difficulty is then adjusted up or down to try and reach that target of time it took to generate 2016 blocks. Its sort of circular but once you wrap your head around it not so bad. Ok I understood how difficulty is recalibrated but forgot about time stamps. And have never looked at time stamps as an attack vector. Here is a description of how time stamps are validated. Still trying to wrap my head around it. Each block contains a Unix time timestamp. In addition to serving as a source of variation for the block hash, they also make it more difficult for an adversary to manipulate the block chain.
A timestamp is accepted as valid if it is greater than the median timestamp of previous 11 blocks, and less than the network-adjusted time + 2 hours. "Network-adjusted time" is the median of the timestamps returned by all nodes connected to you. As a result, block timestamps are not exactly accurate, and they do not even need to be in order. Block times are accurate only to within an hour or two.
Whenever a node connects to another node, it gets a UTC timestamp from it, and stores its offset from node-local UTC. The network-adjusted time is then the node-local UTC plus the median offset from all connected nodes. Network time is never adjusted more than 70 minutes from local system time, however https://en.bitcoin.it/wiki/Block_timestamp |
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difficulty is adjusted so blocks are produced every 10 minutes Maybe I am being retarded but where does the measuring stick come from? How does Bitcoin know how long “10 minutes” is? |
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A premise: you wake up one day, and nobody knows anything about bitcoin (or any other crypto)...cypherpunk does exist, just no bitcoin..you, however, know as much as you know now. Similar to "Yesterday" [the movie] premise, which is that all "Beatles" info got somehow erased from the mankind's collective memory with the exception of the main character (I am sure that there might be a twist in the end, though). https://www.youtube.com/watch?v=6uqvgPm8U4cI know that this is impossible, but what would you do? Is someone here with a knowledge to reconstruct Satoshi's paper? I am simply curious since I know the general outline, but probably wouldn't be able to properly formulate it. I think we would have enough to go on (without looking at the paper): • SHA 256 / Hashing • Proof of work • Difficulty retargeting • 21 million cap, 100 million sats, halving every 4 years • Miners to bundle transactions from mem pool, blocksize cap • Blockchain / timechain / merkle trees • Public key / private key addresses, sign to send • validate UTXOs as unspent One thing I don’t understand is how Bitcoin achieves consensus on time |
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Boo yah !  |
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The next 4 hours are critical - we stand ready to break through the final bearline.
If you disregard the froth of the 20K top you can draw all kinds of resistance between 46 and 4850 I don’t want to live in a world where we never went to $20k |
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A handmaid's tale is fucking feminist circle jerk and the dumbest shit ever. Like companies would lose profits to fire women. Free market keeps that shit from happening.
https://en.m.wikipedia.org/wiki/Marriage_barJust sayin... |
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The next 4 hours are critical - we stand ready to break through the final bearline.  |
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I think it is an Australian company that is doing it, and they are just licensing the Binance name.
CZ doesn’t care he just wants money
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BTW: Binance Lite Australia offers 50% off for transaction fee
The standard trading fee is 5%. 50% off is 2.5%. You would have to be a very dumb bunny to pay 2.5%. Also their sell price is about 0.5% higher than you can get on an exchange so you are actually paying 3%. Huh? Can you provide a link for that? Seems like your decimal might be in the wrong place, because a vast majority of exchanges are trading less than .5%, and I seem to recall that last year, Gemini had gone up to 1.5%, and even they had to back off of that - so Gemini remains among the highest of fees with 1% fees. Also the word “exchange” is misleading. You can buy Bitcoin from Binance at their set price but cannot sell it back to them. This is a service designed for shitcoiners to onboard them into the Binance exchange. O.k.... You are not making it up... but that is not trading fees but instead the initial fees to get into the system. Hadn't I read that in Australia there were a lot of limitations or lack of connection with ways to onboard from fiat and into BTC... so perhaps, lack of competition is causing the onboarding fees to be higher in Australia? and it is not just about altcoins, but getting into any crypto from Australia, including BTC? There were some problems with banking accounts getting canceled early on, but no worse than anywhere else. Those problems have been fixed. Australia now has a fully competitive crypto market. I don’t think that Binance is going to get any traction except maybe among newbies (which are few and far between) They have instant bank transfers in Australia so going to a newsagent to pay cash is a bit of a waste of time. |
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Mutha Fukka! time to short.  Someone on Twitter has shown he has a 60%+ win rate.... Who, the person using him as a contrarian indicator because I would believe that without having to fact check. Yes the guy using him as a contrarian indicator on Twitter was losing money. |
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