I'd personally go with any other altcorn before I'd pick up BCash if BTC magically disappeared over night.
Same. Or I'd just sell everything and consider the grand experiment a complete failure. |
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This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.
It's obvious that Satoshi thought about all this when he repeated the definition several times, including: "The longest chain which has the greatest proof-of-work effort invested in it" in section 4. He had hard-forks in consideration, so the only thing that he thought of worthy differentiating between forks is what he stated above. There's no other way to be sure which chain is Bitcoin. Satoshi also envisioned that miners would attack the contentious fork with the shortest chain and least PoW and kill it off. But that didn't happen. Because he didn't anticipate that mega miners would contentiously fork and collude to keep said fork alive (along side the main chain), and for selfish or malicious reasons. And then brokers and exchanges decide to help keep it alive as well. Once this happened, all of the dogma of Satoshi's vision in his whitepaper got nullified. All bets are off, Katie bar the door, the end users now have the power to decide what is Bitcoin. Mega miners have fucked themselves as potential bad actors in the system. Brokers and exchanges have also now made themselves suspect. |
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If you are a dictator and going to kill a massive amount of your population it sounds much better if you claim you are acting on behalf of the people rather than corporate interests. Genocide on behalf of United Fruit doesn’t have the same ring to it.
Or Chevron oil, selective interpretation of history seems rampant among a certain faction here. Or like how Ford, General Motors and Chrysler were knowingly supplying Hitler with trucks and tanks leading up to and during WWII. And their executives received Nazi awards because of it. The true story that no one wants to acknowledge. Meanwhile, Bitcoin @ $11k! |
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God. I watched about 5 minutes of that until I threw up in my mouth. I like how he pretends to start off by objectively explaining what the LN is, but immediately jumps to biased negatives against it... talk about an agenda  I would have expected better from the BCash CEO  |
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Me reading this thread right now  |
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I do not think you can call BCash small units Satoshi...
Perhaps BeeCashis? LilPoos ? Satoshits? As in "I could give two Satoshits about that!" |
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Just find it funny that the American Revolution was sparked in part by a 5% tax. They would be burning everything in sight if they had to deal with today's taxes.
Calculated my effective tax was about 55% at one point. Income Fed/State Tax, SS, Medicare, Property, Sales taxes on everything you buy. It's getting out of control really.
Most Americans don't know that in 1913, a permanent Federal income tax was passed into law primarily because it was sold to the American citizens as a "tax on the rich". And they bought it. Ever since then, the rich have been lobbying Congress to pass tax loopholes to enable the massive shift from taxing the rich to purely taxing the middle class and the poor. Smart fuckers. Learn to play their game, or get left in the dust. |
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@NODEfather https://twitter.com/NODEfather/status/963860385336999936On Friday Feb 9, I was arrested in my home by Department Of Homeland Security over a #Bitcoin transaction from nov 2016 and am released under a personal recognizance bond. I am being charged with: 18 USC 1956 - Money Laundering Instrument Another bitcoiner arrested for selling a small amt of coin. More details in the thread following that tweet. Saw this a couple days ago. Dude dun fucked himself, IMO. I'm betting he's paid zero tax on whatever it is that he's doing. It's possible, although if the DoHS is involved it means that he likely sold bitcoin to some shady people connected with crime or terrorism. Or maybe a sting type operation. |
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What we today call a job is, effectively, slavery. Yes people can choose what kind of work they do, but they can't decide if they want to do it - they have to work.
Jordan Peterson said it perfectly. If you can't say no, you can't negotiate. And if you can't negotiate you are a slave. Jobs are slavery, even if we are determined not to think of them as such.
And it's not like I do nothing but sit around, now that I have the option to do so. I have been studying anthropology for the past... almost 7 years now, and see myself doing it for perhaps the rest of my life. It is endlessly fascinating and there is always more to learn, and it has practical utility. But it is not a job. It is something I choose to do, and for which I receive no direct compensation. And that makes all the difference. I could not do it to the same degree if I was saddled with a Job.
Great point. I would also add to this another related component, in that if your entire life moving forward relies on your belief that you must have and be in your chosen career forever, and are dependent on greater society to provide the work environment for that job/career to exist (essentially as long as you are alive), then that is also a form of slavery. I.E., if you can't adjust properly if said career just suddenly vanishes or dies off, or you get laid off due to ageism and can't get back into your career, or your mind or body cannot keep up with the changes in said career, or you hit a wall and burn out, or because you hit the glass ceiling and your career no longer pays for your way of life.... then you are a slave. When I was in my 20s in the IT field, every IT job that I ever had, I looked around and thought to myself "Why aren't any of my IT colleagues or co-workers over the age of 45 or 50? Or in most cases not even over the age of 35? Am I really going to be able to stay in this field until I retire?" Now I know why. Everyone that works in a career field should look around and start asking themselves the same question. If you look around at work and all you see is really young people, you might be in trouble long term. |
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...
Perhaps 2018 is bitcoin's 1994.
...By 1998 things had changed alot. Win 95/98 IE/Netscape made it much more useful and simple to use the internet and sites began to proliferate. I had dropped out to take a 35k job at a search engine optimization company (which seemed like alot at the time) that quickly went out of biz, but my connections from that job led to other connections that have kept me working for the 20 years since. tldr; if it's 1994, buckle up, things will be unrecognizable in 4 years. What would be our Netscape moment? Or AOL temporary dominance? Is Lightning a.k.a Netscape (without the IPO) and is Coinbase/Binance/Bitfinex, perhaps, the AOL equivalent? Or, would it be something else out of left field? At this point, I think Bitcoin's "internet" or "Netscape" moment won't have much to do with a bunch of tech advancements to either Bitcoin or 2nd layer solutions. Personally I think it's going to be Bitcoin ETFs that define the turning point. When Wall Street and corporations start singing the praises of Bitcoin ETFs, hedge fund investors can begin to invest directly through those vehicles, and Mom and Pop suddenly find a Bitcoin ETF as part of their company's Mutual Fund 401k portfolio offerings... then look the fk out. Money will come pouring in. And Average Joes on the street will suddenly start buying in as well. And possibly something like Bitcoin being added as a payment option to EBay or Amazon. That would also be huge. |
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It's also quite sad that financial literacy isn't being taught in schools, not even electively. And it could be easily taught in playful ways that anybody could pick up on too.
Agreed. But along with basic financial literacy coursework, the book "Rich Dad Poor Dad" should be required reading. Sometimes I seriously wonder if people have some unconscious desire to be poor and mediocre. I just cannot fathom how somebody could wish to be more than they are without trying to work towards that goal with even the tiniest increments.
People think their careers will save them, that they will never end and their wages will always be increasing to take care of their current and future debts. Until their career doesn't. |
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"Either you're going to be a millionaire or you're going to be totally broke." Considering that most people on this planet are totally broke it should be obvious which course to take. I'd starve myself just to make sure I could get some if I had to. Supposedly lower calorie intake is correlated with higher life expectancy anyways, so that would be a win/win. What's really sad, is that the majority of sheeple living in first world countries and still carelessly spending their hard earned money, still don't even know why it's vital just to hedge against inflation. They believe that not building wealth is why they are broke, but never consider that not hedging against inflation after a decade or three is also why they are broke. If people bought Bitcoin as merely an inflation hedge (i.e., only expecting an avg ~6% gain per year over 5-10 years) instead of trying to "become a millionaire" they'd be much better off than not buying any at all. |
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We are currently bouncing in a rising channel but it’s narrow and fragile imho.
The next 24 hours are critical. Yes. In that time frame I need to eat at least 3 times and sleep at least once. Don't forget to poop. |
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sniped
R0ach, do tell, why you aren't taking advantage of such opportunities if they don't come as a surprise. Even if you were to funnel your gains back into what you believe in (silver?). Is it fear? But the thing is, he probably is though. He's got a Steemit account and it's documented that he's funneling his proceeds to Bitfinex to trade. He's just a fkn troll trader. Probably doesn't even give a shit about silver, he's just trying to a create a bullshit troll persona on this WO thread. |
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Currently on a collision course with the last one on or about 2 March.
Expecting a pullback to 8400ish short term.
Yeah I would not expect this market to just go shooting back up to $14k any time soon. It could be a long haul to get back there, and actually it would be a very healthy climb if it took the next 6-8 months. That would put a new ATH in the winter timeframe or perhaps early 2019. |
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Applies to the Bitcoin market too. I.E., we are in a drawdown right now. Due to a 60% correction, normies are walking away from a market that will once again explode in the next few years to a new unimaginable ATH.
The move from the $1200 ATH to the $20k ATH was unimaginable. In the future it could make a move from the $20k ATH to a new $400k ATH, although it seems unimaginable now. Yep. And I will squeal with glee (again) when it does, knowing that it will continue to piss off old farts like this guy: http://www.businessinsider.com/charlie-munger-on-bitcoin-the-more-popular-it-got-the-more-i-hated-it-2018-2 |
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Applies to the Bitcoin market too. I.E., we are in a drawdown right now. Due to a 60% correction, normies are walking away from a market that will once again explode in the next few years to a new unimaginable ATH. |
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seti is search only.
and we are sending out massive radiowave signals constantly and in all directions for more than a century now.
Are there any emitters that really cover "all directions"? There's infinitely many of them (directions), so pointed "beams" would cover virtually nothing at sufficiently large distances. Yeah but we like to point our beams directly at solar systems that we believe could have planets with "life-supporting" conditions. Yeah that should turn out splendidly, like it did in the movie Battleship. |
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