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3721  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2017, 11:55:10 PM
Unfortunate that I had to make use of the ignore function for certain individuals shitting up this thread.

This thread is for discussing Bitcoin markets. Not BCash.

KINDLY
FUCK
OFF
ALREADY
BCASH
TARDS.

Sorry 'bout that, Bob. But when others make false assertions about Bitcoin Cash, I will step in to correct them. And follow that conversation wherever it leads. I am not the one that initiated the active branches in which I am participating on the topic of BCH.

You seem confused. This is the BitcoinTM WO Thread, not the BCash WO thread. We can assert whatever we damn well please about any altcoins here. But largely we don't discuss altcoins ad nauseam here, because it is the wrong sub forum for that. And we sure as shit don't argue with others about them here. So why do you continue to?

3722  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2017, 07:35:30 PM
^^^

To add to the above, the complete pointlessness of increasing block size when those larger blocks will immediately be filled again and congestion will be just as bad as before.  

https://en.m.wikipedia.org/wiki/Lewis–Mogridge_Position

Why do you insist on a solution that is doomed to fail?

Since e-Commerce comprises less than 0.1% of legit bitcoin transactions, I'm assuming they need more lanes for faster/cheaper trading, spamming, and drugs. Actually no, Monero would probably be better to buy drugs with. So that just leaves faster/cheaper trades and spamming.  Roll Eyes

But based on the amount of time they spend here trolling and shilling, for some reason they refuse to use BCash because its somehow not good enough? The solution is right there to be used and yet they insist that Bitcoin must change? Huh?
3723  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 06:53:49 PM
OT: Theranos.

Why in the hell do investors keep giving this shit company money? They have been at it over a decade now and they have nothing, zero, zilch, nada. Their supposed super secret IP is a complete fraud, a scam. They haven't made a dime on anything. Their CEO jet sets around and lives like a billionaire queen, and has been doing so for ten years now. She's delusional and thinks that she is the next Steve Jobs.

https://www.yahoo.com/tech/theranos-gets-100-million-debt-181505187.html
3724  Economy / Speculation / Re: Does every mainstream media article on Bitcoin end in negativity? on: December 24, 2017, 03:55:23 PM
Morgan Stanley says the true price of bitcoin might be zero
http://uk.businessinsider.com/morgan-stanley-on-bitcoin-value-2017-12?r=US&IR=T

You hear that Average Joe?? Bitcoin's true value might be zero!! I know it hasn't been zero in 8 years, but experts say it'll probably go back to zero any day now!

Stay far away or get out now!
3725  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 03:48:36 PM
can we keep this thread on topic?  Posts about the price and buy/sell wall again which it is titled.

These long debates, bcash/btc arguments, and silly memes are getting old.
They need their own thread, and it's spilling over to other threads as well. Yes Bittrash is a bad faith garbage coin. How do we make bitcoin better?

If bcash vs. btc arguments, and big block vs. small block arguments, were considered off-topic and banned from this thread, then the trolls/shills would have ABSOLUTELY NOTHING TO TALK ABOUT and would leave this WO thread forever.

So.... halle-fucking-lujah! Please make it so.
3726  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 03:41:00 PM

It's a shame that smart guys that look at Bitcoin with this much common sense and bullish confidence aren't allowed to be plastered all over the MSM.

Which is what the MSM really wants, smart people like this marginalized and drowned out by the naysayers. Otherwise they know the Average Joes of the world would be piling into Bitcoin right now with both fists.
3727  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 03:34:49 AM
Mic drop on all the big blockers:

https://twitter.com/jratcliff/status/944605855751827457

3728  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 03:15:26 AM
In the next few days the people who took in loans to buy BTC at 18-20 k will start to sell  Sad

We have seen LOTS of shorts squeezed on this rise.  When is the last time you remember seeing some cataclysmic longs squeezed to implode the price?  It hasn't happened since the price was in the $400-800 range probably. Everything is cyclical.  The draught of long squeezes has to invert at some point.

This is because with rising BTC price the value of your collateral for your leverages increases too - atleast this is my view; i usually dont use leverage.

General reminder that talky man is a sophist. He argues for the sake of arguing.

No, roach has some really good arguments even though he is our resident antisemit and shills sometimes way to hard for PM's  Wink

^^^^^^^^

Why make the decision for the user, there's an ignore button that's just as useful, unless of course s/he manages to get another noob to quote him/her.
This is why DaRude. This is why. I would have to put everyone that quotes him on ignore too, which would be like half the people here...
3729  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 02:59:50 AM
Microsoft exec, head of decentralized identity weighs in. Oh yeah!

https://twitter.com/csuwildcat/status/944524657348055041
3730  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 02:51:55 AM
This down swing is weak, falling sell volume.
3731  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 02:39:13 AM
Torque

When I first showed back up you gently, but firmly, advised me not to feed the troll.

I'm here to return the favor.

I'm done. By confronting the troll directly and him not directly answering my question, I think anyone else reading this thread will understand that he's just wasting people's time.

But I ask you this then in return, why has he not been perma-banned from the WO thread? Or at least his posts deleted, if we ALL can agree that he's just a troll? Why should we all suffer this idiot whilst he constantly spams the WO thread with his drivel?
3732  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 02:05:30 AM
Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman to have to trust, or GTFOOH you idiot.

I can explain that easily.  Have you ever noticed that systems like Steam the game platform don't let you resell games you buy?  Probably because it would turn it's customers into competitors.  Why?  Because their model is based around the scam of pretending intellectual property has scarcity when it doesn't.  When you remove the artificial scarcity, their business collapses.  

What the fuck is bitcoin?  Absolutely nothing but the same artificial scarcity scam.  You're buying into a con and pretending artificial scarcity has value just like on Steam (unless your goal was to donate money to the game developer instead of participate in functional economics).  The lesson from Steam is that wealth does not exist in the digital world.  Everything digital is inherently valueless because it doesn't have scarcity.

The answer is, you cannot send "money" digitally because money and wealth does not exist digitally.  The only thing you can send digitally are...IOUs.

Lol. Not only did you NOT answer my question, you redirected it toward complete garbage. Classic straw man fallacy response.

You need to go back to Troll school. They don't even teach this stupid tactic anymore because people see right through it.

No, I answered it perfectly fine.

No you didn't.

ANSWER. THE. FUCKING. QUESTION. IN. BOLD. ABOVE. OR. GTFO.
3733  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 01:53:03 AM
Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman to have to trust, or GTFOOH you idiot.

I can explain that easily.  Have you ever noticed that systems like Steam the game platform don't let you resell games you buy?  Probably because it would turn it's customers into competitors.  Why?  Because their model is based around the scam of pretending intellectual property has scarcity when it doesn't.  When you remove the artificial scarcity, their business collapses.  

What the fuck is bitcoin?  Absolutely nothing but the same artificial scarcity scam.  You're buying into a con and pretending artificial scarcity has value just like on Steam (unless your goal was to donate money to the game developer instead of participate in functional economics).  The lesson from Steam is that wealth does not exist in the digital world.  Everything digital is inherently valueless because it doesn't have scarcity.

The answer is, you cannot send "money" digitally because money and wealth does not exist digitally.  The only thing you can send digitally are...IOUs.

Lol. Not only did you NOT answer my question, you redirected it toward complete garbage. Classic straw man fallacy response.

r0ach, you need to go back to Troll school. They don't even teach this stupid tactic anymore because people see right through it.
3734  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 01:42:32 AM
I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin.

We tried to tell you... and were soundly excoriated for it.

Quote
At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.

We tried to...


But neither BCash or other alt coins are a solution to that, nor ever will be.

We tried to tell you...
3735  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 01:38:09 AM
That was the opposite of well said.  He didn't explain ANYTHING about how LN is going to solve any of the problems I listed in the quote below.  Bitcoin is a god damn cult of idiots, I swear.  Look at this sirazimuth's guy signature for fucks sake:

"Bitcoin...the future of all monetary transactions...and always will be"

That looks like it was written by a 3 year old.  No reasoning, no nothing.  Just "buy my centralized pump and dump scheme because ...I dunno!"

Explain how I can securely send gold or silver across the world for payment without any friction/transaction fee or middleman to have to trust, or GTFOOH you idiot.
3736  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 12:38:05 AM
I do agree with most you have said there, but I do have some minor discrepancies:
I pretty much agree with everything you have stated, see below:

- LN is the real scaling solution. The only way to compete with other payment systems like paypal (great for online purchses), credit/debit cards (great for in person purchases and also online in some way), or cash. All three are inmediate and the cost is reasonable or even 0.
Agree completely. Until Bitcoin can match this ease of use and low friction, it can't compete.

But.... LN is not ready YET. I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin. At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.
LN being behind schedule is disappointing seeing that we were being told by devs that it had been fully tested, was ready to go, just needed SegWit. That turned out to be misleading by a mile, and upset many of us.

I won't blame the multiple attacks Bitcoin has and keeps receiving because that was something more than expected. Bitcoin has to be resilient to those attacks, to the FUD, to the growth... We can't expect attackers wait till we are ready to fight nor users/adopters to just hold on... not if there are alternative choices that could be taken.
Agree

I have always said that whilst LN is the only scalable solution it will also need a *minimal* increase in blocksize of the underlaying blockchain.
Agree and Core has said as much. The trolls and BCash shills like to ignore that fact.

IF we can agree with that (maybe some people don't agree, it seems) AND unless LN is already around the corner (which it seems it is not).... why not do that small blocksize increase now as a temporary fix for the current network congestion (a fact... whatever the multiple causes including intentional spam) in the meantime?
Not disagreeing completely, but the spam attacks have completely muddied the waters on that one. Thanks to the spammers, no one can get a clear picture of what the network traffic truly looks like right now. And when spamming is not happening, backlog and fees are low, in many cases completely reasonable. So that does not bode well for the 'raise the block size' argument.


No, the fees don't impact me that much.... at least not directly since I am mostly a hodler. But I have run out of arguments to advise people why they should buy Bitcoin instead of some other altcoin UNLESS they plan to buy in big chunks (like at least one full BTC). I can't give anyone some small BTC gift and show them how great and easy it is to USE it. No, if I want someone to show the tech I need to resort to something like LTC or whatever shit so I can show them the process of having a wallet, transfering and controlling their own coins etc...

That's sad. Maybe that is how it need to be. And I can't complain about the gains I have been having lately... we are doing great yeah... But... is this really sustainable in the long run?

I don't disagree entirely about the tech use. But take an honest assessment for a sec. Do you friends or family really want to get into Bitcoin for spending, or are they really interested because they see the gains and want in as an investment? I don't know a single person that was interested in Bitcoin (for any reason) when the price was either going down, or just sat there doing nothing. Not one. They truly did not care just to USE it for spending.
3737  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 24, 2017, 12:18:26 AM
Buywall 450.  These bags are going to be heavy.  Creating a new army of desperate trolls.

Where are you watching this data?
3738  Economy / Speculation / Re: Analysis on: December 24, 2017, 12:14:46 AM
Shit anyone thinking that after Bitcoin doing a 19X runup for the year, only to fall 50% and should it stay there for another year is somehow awful and a complete failure, really should rethink their lives.

Or at least their expectations around what they think Bitcoin should do for them. Lol.
3739  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2017, 11:41:27 PM
After all, I find it really strange that all I need to do is have a conversation in the same room as my Iphone and all of a sudden, the google adds match what I was discussing. Apple denies this, but it seems to have happened to me way too often to be a coincidence.

Are you serious? Holy crap. I know those in-home smart devices like Amazon Echo and Google Home are for sure doing it. Which is why I will never own such a device. Just never heard of an instance where phone is capturing voice like that off-call usage. Wouldn't surprise me though. A scary invasion of privacy and personal security.
3740  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 23, 2017, 11:12:47 PM
I disagree, I like bitcoin for large transactions and the minor transactions to be done on the side

Instead of being like like everyone else, please specifically list all the e-Commerce transactions that you have been doing with bitcoin. As well as the exact ratio of bitcoin transactions vs. fiat transactions you do for legal spending per month.

Otherwise, these blanket statements are just representing complete fallacy.
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