You are not taking in consideration the global financial and economical meltdown!  ... Have you checked the crop losses and delays from the weird weather that the Solar Minimum Ice Age is producing?? Your projection is just wishful thinking. 1. The "global financial meltdown" is already happening. It's just going to result in more debt and more money printing - not these apocalyptic crashes that all the gold bugs are predicting. The central banks have too many ways to sterilise the excess currency now to avoid a 1929 type panic. Look at Japan - they've been in a "Weimar" situation for about 4 years now and they're doing just fine. Things just "mush down" into a mushy bed of QE driven "mush" 2. If I was engaging in "wishful thinking" I sure wouldn't be producing a chart like that. I'm long BTC. As a previous poster pointed out - it's a bullish chart, not a bearish one. 36 months is not that long a consolidation period considering the growth that's at hand. Agree with everything you said. On #1, I totally agree. I don't think we're going to see a catastrophic crash like we've seen in the past. The Fed and the CBs are too keen and aware of it all now.... they know that global banks are insolvent, and that we've hit the wall of global productivity and growth ROI. They'll likely just continue to tweak interest rates little by little...meanwhile we will continue to see a few "controlled demolitions" of certain sectors... first was the "Retail Apocalypse"... next will be a few minor banks and financial institutions to melt down and require a buyout takeover.... then some pension funds here and there will require bail-ins.... inflation will rise. If and when all else fails, back to ZIRP and more QE. Eventually entitlements will get whittled away and phased out. But it will all be a controlled bleeding out, not a major crash. And it would be bullish for Bitcoin over a longer stretch of time. On #2, I agree that would still be a decently bullish chart. Although my bet is still on that happening a little sooner, 2020-ish time frame. |
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Get the fuck out of here Torque-y Worekey, with your straight shooting, forward-thinking, provocative Wall observations. Sick and tired of your shit.   |
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JJG, why you always riding my old golfing buddy? The Fatman is solid, salt of the earth people. I don't understand your hostility.
Get the fuck outta here with your golf and fat men! Get the fuck outta here with your WO moderatin', troll be hatin', frontin' of hoes and infos! idk |
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With regards to block size I am not big blocker but small blocker. But if its on chain or off chain, I choose on chain. This puts me between a rock and a hard place. I don't like big blocks and I don't like second layer.
No it doesn't. You can use Bitcoin on-chain any time you want and avoid second layer solutions. But maybe now you get a sense why I can be hedged with bitcoin and bcash. In the end I admit I don't know which will be best.
Do you see any merchant adoption going on with bcash? No? Then there's your answer as to which one is best. |
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JJG, you're the most annoying iteration thus far.
I especially like the way he starts every condescending retort now with "Get the fk out of here with your...." Like Vinny Barbarino style. |
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Oh the MSM, how you just gotta admire their constant brainwashing bullshit campaigns.
All last year, they worked hard trying to convince the masses that we were on the brink of nuclear war with North Korea.
This year, South and North Korea are planning mutual denuclearization.
Unbelievable.
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That's right motherfucking banks, governments and fiat billionaires.
Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?
You won't have any money, don't you get it?
No money, no power, no control.
Good bye.
The most hilarious thing is the banking/corp establishment is really pissed about Bitcoin. In that for the stock market, they have to go through all the charade/pomp/circumstance with greasing govt and media palms, faked reporting, faked quarterly earnings, faked growth projections, derivatives and leverage trades, buyouts and mergers, buybacks, dividends, IPOs, securities and trading regulations, trade deals, etc., etc. It's just a giant rube goldberg beast that has taken on a life of its own. Bitcoin just dispenses with all that excess and costly machinery and just trades without any of it, lol. Completely on popularity, hype, supply and demand. It's limited and unhackable so they can't just counterfeit it into their pockets. Plus they can't front run it (because it doesn't trade on their exchanges... of course ETFs will change that) and they have to buy it directly and OWN it (just like everyone else) in order to participate. The crypto market threw them a curve ball. It completely turned the equities market on it's head, while also helping to expose its fraudulent, corrupt nature. |
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If you guys can't get serious I will dump all my bcash and move on to other things.
Please do. It's garbage. WTF are you waiting for? |
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Haha. BCH rises 100% in two weeks, then recedes a few percent, and you think you've got some trumpetable victory?
Take you whining here: bcash wall observer. |
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Haha, good to see that even premier company stocks aren't immune to FUD, manipulation and other shenanigans. The whole tech sector is WAY overvalued. |
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And yet Ethereum supporters are seemingly unfazed that hackers creating limitless tokens could have been doing this for god knows how long. Rendering any meaningful market cap of any ERC-20 market completely null and void. And creating ungodly market manipulation distortions. Idiots. If this happened to Bitcoin it would be over. At least for me, I'd dump everything. |
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Can't wait for the $6144 contest.
Please. Tell us again how shit your life is, Debbie. I feel like I know that line from somewhere. American Graffiti? |
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The bcash discussions are getting tired. We all know where everyone stands, and no one is going to change his position. Elwar also created a bcash wall observer.And yet jbreher refuses to go post his bullshit there.  The coin is so worthless that BCash cultists can't even create their own WO thread, a Bitcoin guy had to do it for them. Kinda like their development history.  |
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Here I'll add another. Some conspiracy theorist nutjobs believe that social media giants such as Facebook, Apple, and Google are spying on their users and selling their user data to governments and corporations for profit and political propaganda. Oh wait...  |
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I don't think we have that consensus quite yet. There is definitely a good sized minority out there who believe that bcash is "the real bitcoin".
...aannd there's your problem right there. If you believe that consensus means that 100% of end users are going to agree on what is the real Bitcoin, then you're never going to achieve consensus. Because that's never going to happen. Some things in this world are only proven as self-evident. People vote with their fiat. |
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Consensus about what is the real Bitcoin also has to do with the spirit or intent. Not blindly following 'Satoshi's Vision' as described in the whitepaper, but does the ongoing development support the attributes originally conceived without sacrificing some (or all) of them at the same time?
I believe that Satoshi would be very pleased with progress of things like SW and LN and the effect it has had so far. In fact if he were still involved, he would have likely assisted in the creation of them himself.
Since Bitcoin is fully transparent to the masses, they can research this, understand it, and make a decision. The collective decision making so far is reflective of this consensus agreement that Bitcoin is the real Bitcoin.
Ver's camp believes the masses are stupid, ignorant and lazy, and thus can be bullied and manipulated into believing what is "the real Bitcoin". They are wrong.
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wow is this even news?
