How many BitcoinStash supporters are in here?
One. Including yourself. |
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I dont really agree with your wording of ‘correction’, its ok to say btc has crashed since ath, a 70% drop is just that, a crash.
You know I hate to agree with JJG (well, not really...), but I'm gonna. Of course it is a correction. We went from $3000 to $20000 in four months. $6000 to $20000 in five weeks. The price just got overheated through FOMO. This is a classic correction. If we had set stable at $20000 for months, you'd be justified in calling it a crash. But we didn't. Not a crash. A correction. |
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Meanwhile, I give up. The show's over for me. This money can be put to better use somewhere. I'm sure of it. Thus and so I'm cashing the fuck out before I do anymore damage to myself. God speed, you lot of sophisticates. Give my regards to mister Toronto.
Cheers and bon voyage or whatever.
Goodness, that is rather unfortunate news, old chap. So sorry you shan't be joining us on our impending domination of this thing the ruffians call life. |
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Accordingly, aren't we barking up the wrong tree in a kind of frivolous pie in the sky manner if we are expecting that segwit is going to be reversed or to whine about segwit being in place because it has become part of bitcoin BTC.
FTFY. |
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covert ASICboost needed to be taken care of too,
...beacuse...? Which is the reason why most bcashies were so strongly opposed to segwit.
Funny assertion is funny. As in 'haha', not as in 'sick'. |
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Izzat you? You look like you'd be kinda cute. Well, when not grievously expressing your displeasure, of course. |
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wine-fridge
... cabernet sauvignons.
u r doing it rong Whites go in the fridge. Neither the lady nor I care a whole lot for wines. The Lambo came with a wine cellar. We've made it a tequila cellar. |
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What kind of beverages are we drinking tonight, gentlemen?
Done with my Sapphire martini. On to Coors Extra Gold. whatevs. |
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Haha. BCH dollar price up 4% in the couple hours since 'the sky is falling' tweet from pansy btcking555. |
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Thanks guys for the congrats and the merits but it's a travesty.
Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.
cheers! |
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I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?
Correlation vs Causation. This is the Captain speaking. If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew. From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price) Except this isn’t really accurate. Difficulty adjusts both up and down. With a low enough difficulty I can run the entire Bitcoin network on my 2009 laptop. Any decrease in supply due to a rapid decrease in hashrate is inconsequential on a multi year time line. I should've clarified that I meant the initial difficulty for the genesis block. A difficulty so high that no coins can be mined results in no coins and thus no price, and a difficulty so low that arbitrarily many coins can be mined by anyone would result in a price of zero. Hence, the difficulty came first, and the price came after. Even without these edge cases, you need to mine coins first before any price can be set though. Alas, you can spin this up either way by including or excluding exotic scenarios. Your extreme scenarios are so far out there as to be unrealistic because the algorithm allows for blocks to be mined every 10 minutes and the difficulty is adjusted every 2 weeks in order to attempt to approximate the 10 minutes for every block time line. Well, no. Difficulty is adjusted every 2016 blocks. You can think of it as 'to attempt to approximate the 2 weeks', should that help. If that 2016th block is never mined -- perhaps due to sudden decrease in hashpower -- difficulty is unable to adjust. Which, of course, would lead to inability to transact -- AKA chain death. |
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Segwit and nonsegwit are all "on the blockchain." I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain? I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp... It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.
Yeah... about that.... Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it. People testing the lightning network are seeing 400TPS easily between two nodes. Segwit let that happen. Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ... Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out. But what difference does it make, jbreher, if "on the blockchain" or not, Because 'on the blockchain' means 'on the blockchain'. Because words have meanings. Because the total value accessible* on the pan-global lightning network won't even buy a single house in some markets. *Because that total value really isn't 'accessible' anyhow. |
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OK again, so no public proof = no proof.
Absolutely. You have no public proof that CSW is not satoshi. For the record: I am ambivalent on the matter. He may be; he may not. But you are falling upon the argument of the most fallacious nature. Lack of proof is not proof of the converse. if you want to continue to believe that a bull-headed narcissist, an egotistical, mean-spirited sociopath is Satoshi, despite an utter lack of evidence, that's your right as a human citizen. Are you incapable of comprehending the clear text that I have written? I have stated directly that I am ambivalent on the matter. Do you not possess the simple language skills to understand that simple statement? |
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Stoned people are always entertaining. Not generally in my experience. McAffee? Sure. Cecily Strong playing 'the girl at the party you should not have started a conversation with'? Yup (Hell, even Bobby Moynihan playing 'Drunk Uncle'). But random people at the party, in the bar, on the street? Interminable dullardry. And repetition thereof. |
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Anyway, maybe I'll go batshit crazy and convert all my BTC into BCH to trigger the next bullrun.
Careful -- they'll be out for blood. Actually, the last few days suggest that now might be a pretty good time to make such a move. |
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Psst. We're rat poison. Pass it on.
squared. |
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Without the whole passport thing I would've snatched one up as another Bitcorn memento.
username checks out (I seem to be getting repetitive) I don't like how everyone and their moms want full KYC these days despite of increasing amounts of data breeches. And so far nobody seems to be trying to solve that part of the problem either.
Well, there _is_ the Bitcoin solution. I mean, at least for those who will embrace it. |
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I don't recall such discussion either. Then again, I don't get the relevance of J. Rando biz getting raided upon Bitcoin WO or price discussion. |
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From now on, only bitcoin for me.
Your transitioning over to bitcoin ... Username almost checks out. I suggest perhaps 'bitmoverovertoer' |
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Segwit and nonsegwit are all "on the blockchain." I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain? I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp... It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.
Yeah... about that.... Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it. People testing the lightning network are seeing 400TPS easily between two nodes. Segwit let that happen. Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ... Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out. |
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