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POS gets shook out real fast once stakers realize the value of their stake is falling faster than the value of the income. Stakers start progressively dumping their stakes at market. It then becomes a self sustaining whirlpool of doom
POS is an excellent way to get WTF pwned during the next bear cycle.
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Good luck on your bet gentleman. May the best bottom win. Or we could just ignore him as irrelevant
The problem with that is the new born fish. They'll most likely fall for it and bite. Gives BTC a bad reputation. Ignoring a problem doesn't make it go away. I have never had a problem so big I couldn’t run away from it. |
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Why doesn't anyone seem know that the B is supposed to have a 13.8888888888888... degree tilt to it?! I mean if you're going to promote something you should know something about it shouldn't you? That sticker is tilting in the wrong direction and could possibly represent beecash. This sort of thing saddens me. I do not think that people who do not know what bitcoin will remember the angle of its slope. But they will remember the symbol for sure. That's exactly what Roger Ver is banking on. He has co-opted Bitcoin, owns the Bitcoin.com domain uses the bitcoin symbol same colour but different angle... even has a Badger wallet for beecash. Honey Badger dont give a fuck but I dont like it. Forget the whole angle thing. Roger Ver does not own a particular angle. It is all bullshit. But if Roger Ver was not making this particular attack, then someone else would be. |
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Could we encrypt Craig Wright and lose the keys?
No, but we can expose his fraudulence every day of the week.  Or we could just ignore him as irrelevant |
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re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...
Agreed. If the Bitcoin price falls below US$3,122 on Bitstamp (or if Bitstamp not available for any reason, Bitcoinaverage Global Bitcoin Price Index USD) at any time prior to 20 February 2020, then Hairy will pay V8 BTC0.012. If the Bitcoin price does not fall below US$3,122 prior to 20 February 2020, then V8 will pay Hairy BTC0.012. Propose to lock in current LTC exchange rate of approx BTC0.012 (Bitstamp) to keep it simple. Please quote above if amenable. Agreed. It's a bet. Good luck Mr. Maclairy. Good luck Monsieur De La V8s |
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re: The bottom is in bet.
HairyMaclairy bets that it is.
Last of the V8s bets that it is not.
One litecoin.
I'd rather only bet against Hairy, but thanks for the offers @kurious, @arriemoller.
I'd want no upper limit as was suggested, as I think it could fluctuate higher than that and still come down lower.
Bitstamp low of 3122.
If Bitstamp becomes unavailable, how about preev, bitcoinaverage? some other named exchange?
I'd want a year just to keep it simple, though I do think it could happen later than that (3.7% likelihood for JJG).
Would be happy to send my litecoin to escrow if needed.
Payment in btc equivalent is acceptable. No one actually wants the shitcoin itself.
If that's agreeable...
Agreed. If the Bitcoin price falls below US$3,122 on Bitstamp (or if Bitstamp not available for any reason, Bitcoinaverage Global Bitcoin Price Index USD) at any time prior to 20 February 2020, then Hairy will pay V8 BTC0.012. If the Bitcoin price does not fall below US$3,122 prior to 20 February 2020, then V8 will pay Hairy BTC0.012. Propose to lock in current LTC exchange rate of approx BTC0.012 (Bitstamp) to keep it simple. Please quote above if amenable. |
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Take that Vitalik!  Google knows that there's only one coin that's here to rule - " BTCitcoin"! That's some next level bitcoinism! Actually, there's a word for that I think, but I can't recall it... Bitcoin maximalism? Maxism? Whatever, the point is, accepting only Bitcoin and disregarding everything else is stupid. I presume that most people who do that were also calling Bitcoin shit before they see the price skyrocket; because such people wouldn't give anything a chance in their mind until proven wrong. That's a joke right? Google didn't really write that? |
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What is this supposed to mean? Afri was the lead Eth dev for Parity and an important part of the Constantinople fork. Quitting a couple of days before the hard fork is not a vote of confidence, especially considering the fork has been put off twice already due to bugs being discovered. |
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This is fine.
Coinbase you cunts.
Meh. Why would anyone have anything to do with Coinbase after the Bcash stunt where they withheld Bcash until January to prop up the price? |
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I’m happy to take the bet with V8. Maybe Kurious / Arie can have their own bet.
Give me a couple hours to catch as well and I will respond properly. No need for escrow.
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Analyst Mati Greenspan from eToro points to a positive correlation between popular cryptocurrencies and BTC. In some cases, the coefficient reaches 0.8, which is a lot. From this it follows that the bearish trend is still not in a hurry to end.   Total bollocks. Bitcoin will decide when the bear trend ends and all the shitcoins will then go along for the ride. |
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Going to break 4k, are we?
Didn't we already do that a month or so ago? I fail to see the wow factor in that, just normal volatility. It's because we're showing more evidence of it reversing. Nah, it's too early for that, we have several more months sideways to look forward to. I'll be glad if I'm wrong, but I'm probably not. I would say you are both right and wrong We have bottomed and yes we have several more months of sideways. pish tosh I would say you are both right and wrong. You are right about the sideways. But there's plenty of room yet for a stab down to the dark side. I'd even prefer it that way. I'll bet you a litecoin? I will take it if Hairy won't. I will wager 1 LTC we have already seen the bottom of this bear market. That is, it will not go lower than 3122. Suggest period of wager is until Dec 31 2019, or we go over 7500 on Stamp in USD (or under 3122) - whichever is sooner? Edited for clarity. I will take the bet of 1 LTC that the bottom was $3122 on above terms or whatever else makes sense! |
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bitcoin maximalist and LN hater?
Hes a troll. Ignore him. Edit: mindrust beat me to it |
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Jack dorsey does not fuck around... whoaza... that was quick. That is exactly the incentive I need to set up an LN node. |
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@HM Do you think that it is possible that very soon (maybe they are doing it already) AI would have close to perfect market predictions? I saw this article about protein folding. Best scientists were beaten by AI with a large margin. https://www.vox.com/future-perfect/2019/2/15/18226493/deepmind-alphafold-artificial-intelligence-protein-foldingInteresting points there: will scientists (apart from those programming AI maybe) become obsolete? A large part of doing science is based on being able to stake the claim that you did something first (discovery, etc.). Personally, I don't see much use of doing science of you are doing so at some primitive level when AI gets all the "best parts". This would feel awful. There will be a crisis (maybe limited to natural sciences, though). We could be already in it and will realize it soon. I don't see humans not merging with AI in some way down the line, or at least enhancing our bandwidth for information processing. Someone will have to keep identifying desirable problems, so humans will need to self-enhance to be capable of keeping up with the results of AI research and deciding on new targets. Also, no. No AI will ever make perfect market predictions. Simply because different players will employ different AIs to play against each other. At that point humans might be entirely incapable of trading manually though, as AIs would be capable of forcing market movements over any short and large time scales. It'll basically make humans play into its pocket. Machine learning is just a better, faster abacus. The article is a bit disappointing because these scientists have not been 'beaten', they have been gifted a wonderful new tool. Roles counting bushels of wheat by hand (or folding proteins by hand) will become obsolete. But someone still has to build, maintain and operate the machine that counts the bushels of wheat or folds the proteins by hand. So you have one person doing the work currently done by 50 other people. What happens to the other 49 people? Well they do something else. In the case of academics, they work on doing something wonderful with all these new proteins we can discover through machine learning. In the case of farmers counting bushels of wheat, maybe their children move to the city and become accountants (or cryptoeconomists). But machine learning is just building mathematical models. When you apply mathematical models to trading, you are engaging in an arms race with every other market participant. And nothing fucks up a model more than a whale doing something random just to fuck up other traders. So no, I don't think we can make perfect predictions. So how can you win against these highly funded, high frequency players with whale deep pockets? Don't play their game. In their game they can only bend the price for short periods of time. In the long run, the price is gonna do what the price is gonna do. So make your trading moves long term, do not day trade. 90% of my trading profits have come from a small handful of large long term trades. About 5 trades in total. Every thing else has basically been just fucking around and wasting time. And long term multi-year swing trades are immune to short term market manipulation. |
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Going to break 4k, are we?
Didn't we already do that a month or so ago? I fail to see the wow factor in that, just normal volatility. It's because we're showing more evidence of it reversing. Nah, it's too early for that, we have several more months sideways to look forward to. I'll be glad if I'm wrong, but I'm probably not. I would say you are both right and wrong We have bottomed and yes we have several more months of sideways. |
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I won't be happy until we are back at 20k  Come back in a couple of years |
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Volume is solid but not spectacular
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