So I was just referred to Bitclub by someone I trade bitcoin with in meat space, says he was introduced to it through his father who is some kind of business person who knows the owners personally. I have no reason to doubt he believes what he told me, but even so, anyone know anything about it? Safe(ish) to invest in?
Ahhh... What's Bitclub? ::double blink:: |
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We've broken the $11k guys! This is crazy!
This is not good. You're grouchy av does you justice. 😊 |
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Starting to feel the same way as I felt back on the MtGox Peak in 2013. The world is mine... Too euphoric. Also seeing too euphoric comments everywhere... Hope this one will not end up like back then...
Yeah... I hate to also be that guy, but it does feel almost exactly the same: Nov 2013: Bitcoin dips from 800 to 600, then takes off. (First selloff) Check Nov 2017: Bitcoin dips from 8000 to 6000, then takes off. (First selloff) Check Nov 2013: Bitcoin breaks 1000. Euphoria ensues. Check Nov 2017: Bitcoin breaks 10000. Euphoria ensues. Check Nov 2013: Bitcoin starts jumping 8-10% per day. Check Nov 2017: Bitcoin starts jumping 8-10% per day. Check Dec 2013: Bitcoin hits 1150, then majorly crashes. Major FUD bad news that no one anticipated comes out of left field. Check Dec 2017:  ?? Well if history repeats, it's not like anyone didn't know...  Crossing my fingers that this time it really is different. So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000. |
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Where the heck are we headed? And is McAfee still eating his dick?
Nope ! While that is likely true that he won't be eating his dick, it is also true that he doubled down - $1M by 2020 or else. |
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>(Partner wakes up, looks over at Bitcoin ticker): "Dude..."
>Me: "I know"
>Partner: "DUDE !"
>Me: "I know"
>Partner: "Maybe you should sell 100BTC and BTFD ?"
>Me: "What if no dip ? Where to set re-buy ? Easier and less stressful to just HODL. Let's decide in February"
>Partner: "Ok. I hope your gut bacteria is right"
Haha. The bacteria in our guts are crucial to our well-being. Indeed, it appears likely that the organelles that make up our eukaryotic cells were at one time a federation of separate single-celled organisms. But sentient? |
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Airplanes. Thinking about a nice little Beech Sierra.
Cirrus SR22T for me. Because I need more experience before the SF50. Like, seriously.  |
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Oh yeah you can run one right NOW on testnet you fucking retarded puke of vaginal trash.
It's how professional and secure software is built, with proper fucking testing, not coups over arbitrary block limits.
Look up there... no! behind you! Oh well, nevermind. It flew right over your head. The point. The point is, that so far, LN is useless as a form of money transfer. As money is not transferred on the testnet. " you fucking retarded puke of vaginal trash" (haha - not my argument, but it is a lovely turn of phrase, innit?) More importantly, LN will remain useless as long as a permissionless, decentralized, anonymous, pathfinding algorithm does not yet exist. Which it does not. When will the breakthrough happen? Hmm? |
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I read that Bitcoin Cash hardly has developers
Yeah. You read. But you didn't bother to check before you repeated the lie, did you? First off, 'Bitcoin Cash' is not a software project. It is a blockchain. Fact is, there are several projects that create wallet (i.e., non-mining, fully-validating 'node') implementations that operate on the Bitcoin Cash chain. As opposed to Bitcoin Segwit, which has essentially either the Core way or the High way. And each of these implementations has developers. And healthy competition between them to deliver the market-leading client for the Bitcoin Cash blockchain. I wish all y'all would quite repeating plain false info re: Bitcoin Cash. Then I would not have to chime in with this correction on a thread dedicated to another topic altogether. |
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Not true in the least. Perhaps you should read this thread between the post you quote, and this post of yours. https://bitcointalk.org/index.php?topic=995987.msg24515296#msg24515296Essentially, I challenged Dor to support his assertions with evidence. He indicated that he would, but never did. The stuff in the article is mostly anti-BCH talking points that many people see and then repeat, without first looking into whether or not the allegations have any basis in fact. While these allegations are repeated far and wide, I am yet to see a cogent listing of the evidence that might support such allegations. Seeing as you have reposted this tripe, I suppose it is now impingent upon you to support the allegations therein with some actual evidence. Are you up to the task? (It would seem that Dor was not) |
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...starts today.
Good, good... let the FOMO flow through you.
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BitStamp USD/BTC [...]
----------------------- [...]
1 2017-11-28 9852.65 [...]
[...]
48 2017-10-12 5149.57 [...]
49 2017-09-01 4808.17 [...]
[...]
Number of days exceeding half of top day: 48. We are surely in AMAZING times.... No matter how bullish you are, simply AMAZING. The number of ten and one is a spiky creature. One would be wise to fear its visage. |
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where's jbear? his picnic basket is leaking
Thanks for your concern. However, the BCH that I bought recently ~ six weeks ago is about 5x on the price. I sold BTC for it - at about $5500, or less than 2x. So I've done far better by a factor of 2.5x in the exchange outta BTC into BCH. Don't cry for me Argentina. Of course, I did not go all in. Maybe shoulda. I would have been much better off now if I did. But I think we have a couple of BCH dumps ahead of us before the real climb. Most notably the release of BCH on Coinbase. Congrats on your (our) $10,500. Too bad you weren't onboard for BCH's $1500. Too bad, so sad. 8-P Incidentally, as BTC has been pumping today, I've been hitting some standing buys of BCH on various exchanges. So glad to see the price come down as I'm buying. Of course, it means relative price is dropping, which reflects a reduction in the relative weight of my BCH holdings. But I am playing a longer game. No worries. Kinda stoked, actually. |
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I find this data incredibly hard to believe about BCash mining.
Why? https://fork.lol/They can mine it and peg it at a certain "profitable" level all they want, You know that that 'peg' is just the organic operation of the DAA, right? but without actual buyers (outside of themselves) they are losing money by the minute.
How long before it all implodes?
I guess it is at least partially dependent upon the definition you employ for 'themselves' above. |
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Not really amazed, no. Just another poorly written article full of false claims, misunderstandings, omissions, and outright lies. Same sort of drek you can find all over the internet. |
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You don't even need to check anything with sensationalist claims like that. Shit article by a shit author. Light Pollution in the U.S. alone: 120 terawatt-hours/year Bitcoin Network: 29.05 terrawatt-hours/year (Confirmation? Some articles cite 11 Twh/yr ?) CERN Hadron Collider: 1.3 terrawatt-hours/year Yeah, let's get the global light pollution levels solved first before we start considering Bitcoin energy consumption a problem... There is a lot more like Useless gold mining and destroying nature. Fiat coin / note production Extreme air conditioning ... Not to mention that the legacy financial system is about one-fifth of GDP. As a first order approximation, it may not be too far afield to postulate that they therefore consume about one-fifth of the world's energy. Every use of Bitcoin is one less use of the legacy financial system. With a commensurate drop in that sector's energy use. Yes, it is a naive first take, and devoid of hard reality. But the convo has to start somewhere. Doing a real analysis of this might make a reasonable master's thesis. |
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And what exactly is wrong with me bitching about centralization wherever it rears its ugly head?
::sigh:: nothing. Though I believe you are confusing the position enjoyed by a superior competitor in the free market with centralization. A 70% market share in SHA256 ASICS and also have an interest in pools contributing to almost 50% of the hash rate for BTC and 90% for BCH? Oh no, that's not centralized at all. I suppose by your definition, De Beers was only a "superior competitor" in the free market of diamonds, until recently. Oh and as a side note: This DragonMint project does look promising. However, if it really appears as though it's going to cut in on Jihan Wu's turf, do you really think that Jihan is just going to sit idly by and let it happen? I'm sure Jihan will make every attempt to get his tentacles wrapped around that project. jbear hasn't got back to our point yet? it was so good tho I can't really see what there is to respond to. - I know nothing about the diamond industry - You seem to know nothing about the free market - You seem to engage in conspiratorial flights of fancy I think we've each made our positions clear. What's left to say? You keep dancing around the problem of centralization. It seems dishonest. I know I'm but a simple vegetable, but still.. Not at all. I just don't understand your definition of 'centralization'. Any miner who wishes to is able to mine BCH. Indeed, pretty much all miners have mined BCH. The venn diagram of miners eligible to mine BCH and miners eligible to mine BTC is a perfect intersection. I'm not sure what you might be seeking? Some sort of coercive power that goes around forcing all miners to mine BCH, such that it become more 'decentralized' in your view? As long as nobody who desires to mine is forcibly barred from mining, then the mining is by definition decentralized. At least as far as can be said for voluntary action. No. You're being paid to lie. That's the only reasonable conclusion. Perhaps the only conclusion of a simpleton. For I am not being paid to lie. Why do you not answer my questions, which might serve to help illuminate where we are misunderstanding each other? |
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bottle rockets and bathsalts >.> "B" is for bathsalts? :-D weeee Bcoin imma eat your face lel
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Just the thing needed to send r0ach into additional fits of apoplectic frenzy: https://bitcoen.io/ |
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BCH hasn't even hit a 1MB block, the prime reason why they forked.
Lying or just ignorant? https://blockchair.com/bitcoin-cash/block/479469
...
Did I not read that same post word-for-word just a few pages back?
If Bitcoin cash i so good they should compete in a fair way with it's own merits
That's exactly what it is doing. Whose merits do you think BCH is competing with? DOGE's? We've been over this. The Cuneta article is packed with lies, misunderstandings, omissions, and inanities. It is worthless as a comparison between BTC and BCH.
According to Max Keiser "Bitcoin cash ...
While Max is an interesting character, he lost any shred of moral authority in the MaxCoin incident. |
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And what exactly is wrong with me bitching about centralization wherever it rears its ugly head?
::sigh:: nothing. Though I believe you are confusing the position enjoyed by a superior competitor in the free market with centralization. A 70% market share in SHA256 ASICS and also have an interest in pools contributing to almost 50% of the hash rate for BTC and 90% for BCH? Oh no, that's not centralized at all. I suppose by your definition, De Beers was only a "superior competitor" in the free market of diamonds, until recently. Oh and as a side note: This DragonMint project does look promising. However, if it really appears as though it's going to cut in on Jihan Wu's turf, do you really think that Jihan is just going to sit idly by and let it happen? I'm sure Jihan will make every attempt to get his tentacles wrapped around that project. jbear hasn't got back to our point yet? it was so good tho I can't really see what there is to respond to. - I know nothing about the diamond industry - You seem to know nothing about the free market - You seem to engage in conspiratorial flights of fancy I think we've each made our positions clear. What's left to say? You keep dancing around the problem of centralization. It seems dishonest. I know I'm but a simple vegetable, but still.. Not at all. I just don't understand your definition of 'centralization'. Any miner who wishes to is able to mine BCH. Indeed, pretty much all miners have mined BCH. The venn diagram of miners eligible to mine BCH and miners eligible to mine BTC is a perfect intersection. I'm not sure what you might be seeking? Some sort of coercive power that goes around forcing all miners to mine BCH, such that it become more 'decentralized' in your view? As long as nobody who desires to mine is forcibly barred from mining, then the mining is by definition decentralized. At least as far as can be said for voluntary action. |
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