Let's see if it holds until Monday. (Note to self: the expiry date of those futures is really a watershed.) |
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my new bottom call
2250
Is this going to be quick, with one red candle after another so that I can move my entire stash to Bitmex and go 100x margin short? Or is it going to be full of volitility so that I will get rekt before reaching the target? Sell, sell, sell.. bitcoin is doomed!!!!! Too many green candles. This is not natural.. right, peeps? I guess what you really mean is "Get the fuck out of here with your capitulation nonsense!" But you're too kind to be so blunt  |
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I smell a bull trap. Or, as bitserve said, just a few stops being triggered. The volume isn't there, AND it's the weekend. I don't trust this.
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The base layer has to stay VERY comfortably within Moore's law.
If one is to use Moore's law as the metric, computing power has increased by a factor of 64 in the time of Bitcoin's existence. Lessee.... what's 1MB times 64? Humm.... Use of net resources scales super-linearly. And Moore's Law has had a serious stop in the latest years. I know you know all that. Come on. Please. |
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My "$7,500-$8,000" guess for tomorrow may have been a little off. Fucking sea of red today, time to get on the bike and go get drunk.  For me its sport @ 28degrees followed by small diner on terrace with summer wines ...., tomorrow its the real deal with me its not gonna be an Epic night like few weeks back but i’m starting my engine for celebrating my BTC increases of last 2 months and Will be So fucked up tomorrow on strong booze lovely foods with @ the end No more knowing my Own name of how a BTC logo looks like...... If you weren't here, we'd have to make up someone like you just for the kicks. Enjoy yourself. Drink responsibly.Oops... I slipped on the last phrase, sorry!  |
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If you haven't seen this before it's worth a watch. Andreas explains why Big Blocks are not going to work. (watch time: 5-6mins, Petabyte Blocks & Streaming Money) https://youtu.be/AecPrwqjbGw?t=11m39she is talking about how big block sizes would make bitcoin centralized (because he knows how Computing technologie would develop in the next 10 years ofc.) Moore's Law has been defied already some time ago. It's not Andreas who seems to lack a basic grasp of current technology trends. Even if so: LN is by design centralized.
It is not centralized by design. Indeed, the design itself is peer-to-peer - even more so than the Blockchain itself, because there are no validators that could potentially choke the network. It is not centralized in real life deployment, either. Just look up some of the diagrams our resident Lighting Networker Boblawblaw posts once in a while. So whats that argument even about?
Was there an argument? I only noticed someone spreading ill-digested information, or deliberate lies. |
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We are not done yet. Be patient.
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My guess: bottom at 5151.
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I just wired some money to Kraken. How long does that usually take, for a domestic wire transfer?
This will be my largest purchase since 2015. Hopefully there's more blood soon.
I feel good to see this kind of optimism here. I have some fiat ready in a exchange just waiting for the bloodbath too. Wall observer could save a lot of newbies and weak hands if they could find it. WO is easy enough to find. Newbies will be newbies. Weak hand will be weak. It can't be helped, not even by the Mighty WO thread. |
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Don't feed the trolls, please.
To be honest, most of us have been there, done that, but when a relative newcomer starts quoting roach, we still feel a word of warning might help.
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I’ll pop back during the next bull run.
Hope to see you soon then!  Maybe you’ve all stopped bitch slapping each other by then.
Don't count on it. Slapping, trolling and flaming is an integral part of WO reality. Filtering helps. |
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Non-mining nodes count for nothing
/s
That's the underlying assumption for bcashers and other big blocker nutjobs(TM). Someone could tell them to "get the fuck out of here with...(TM)" Oops, someone told them already! |
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If you are blowing me off then just call me a faggot and be done with it. Would be more classy anyway.
I'm not blowing you off. I'm suggesting some reading might be appropriate, even if thought it shouldn't be. By the way, nothing in your writing suggests faggotry, so why should calling you a fag be more classy? |
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You are not going to answer anything because you have no answers.
(snip)
Prove me wrong. With numbers and facts. If any of you think you have the brain for it.
I guess he might be weary of re-ELI5-ing stuff that has been discussed ad nauseam. Especially to a fellow bitcoiner old enough (bitcoin wise, at least) to know better - and therefore supposedly able to read up stuff quickly without having to use Wikipedia as a glossary twice for every paragraph. What is that? Well, as I said, usually Wikipedia or Google do provide answers to non-rhetorical questions. ELI5: https://www.urbandictionary.com/define.php?term=ELI5 |
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You are not going to answer anything because you have no answers.
Any basic home connection can handle 2 mb every ten minutes. The kind of connections that the top miners use wouldn't even fucking notice.
Here is what would happen on the mining front if the blocksize was doubled. Absolutely fucking nothing. The only thing that would happen would be that the hash-per-transaction would halve, but the amount of hardware and electricity to do a 51% attack would remain the same.
NOTHING WOULD CHANGE EXCEPT AN INCREASED TRANSACTION CAPACITY.
Prove me wrong. With numbers and facts. If any of you think you have the brain for it.
I guess he might be weary of re-ELI5-ing stuff that has been discussed ad nauseam. Especially to a fellow bitcoiner old enough (bitcoin wise, at least) to know better - and therefore supposedly able to read up stuff quickly without having to use Wikipedia as a glossary twice for every paragraph. |
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In 1998, Nick Szabo designed a mechanism for a decentralized digital currency he called " bit gold" In 2008, Satoshi Nakamoto designed a decentralized digital currency he called " bitcoin".  https://i.imgur.com/KvZhOGol.jpgSo when Satoshi gives Hal Finney his bitcoin address in an email it's: 1NSwywA5Dvuyw89sfs... Shortly after in the same email Satoshi says: I just thought of something. Eventually there'll be some interest in brute force scanning bitcoin addresses to find one with the first few characters customized to your name, kind of like getting a phone number that spells out something. Just by chance I have my initials. Reddit sourceNakamoto Satoshi would also have N. S. as his initials. Family name first, as is the norm in Japan. |
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For me, the dream of fungibility died when Ross Ulbricht went to prison.
It wasn't bitcoin tracking that sent Ross to jail. It was poor opsec, entrapment and massive use of federal resources. |
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As some of us were expecting, the weekend wasn't too bloody, or even that bad. A quiet slow spiral. Start of week looks more or less regular given the season. If this is winter, let's light a fire. A new spring will come, we all know it. And we all know it will be fairly unexpected, as it always is with bitcoin. Hodl, btfd, you know the drill.
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Idle, bickering conversation ensues only because the corn is sleeping. DO NOT PROD NOW.
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and that it is how people in a declining culture behave.
I'd like it if we all declined some more. We will. In my useful lifetime, I mean. Ah, you got plenty of time I imagine. I've got a long wishlist too. |
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