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4081  Economy / Speculation / Re: Lose all your capital fast, with MatTheCat and his TA 101A! on: November 28, 2017, 01:14:19 PM
Sorry, just had to necrotroll a little

4082  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2017, 12:54:36 PM
4083  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2017, 12:56:58 AM

This is comedy gold. Thanks BobLawblaw you made our day!  Grin
4084  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 27, 2017, 08:34:58 PM
Can someone check these numbers?

"The study states that in October alone, Bitcoin mining-related electricity consumption is estimated to have increased by 29.98 percent, and if it keeps increasing at this rate, Bitcoin mining will consume all the world's electricity by Feb. 2020."   Shocked Shocked

https://www.dailysabah.com/finance/2017/11/27/electricity-used-in-bitcoin-mining-surpasses-power-consumption-of-159-countries
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...
4085  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 27, 2017, 08:09:38 PM
Jan 28, 2018 - B2X reattempt by the community (#B2X)

Are you fuking kidding me??

Core already said that a 2X bump was possible sometime mid 2018 with proper testing. So at what point do we all agree that these forks are contentious and evil, and the people behind them should be dragged to the square and publicly stoned?

They should at least be humiliated and shunned by all of the Bitcoin community. Given no quarter.

You reap what you sow.
4086  Economy / Speculation / Re: This family bet it all on Bitcoin on: November 27, 2017, 08:02:06 PM
And they've now made it big. Believe in something and go all in! All or nothing!

Yep. Watch this video! Best advice ever.

http://www.businessinsider.com/millionaire-mistakes-grant-cardone-student-debt-saving-investing-2016-8
4087  Economy / Speculation / Re: As we approach $10k, a correction/crash is coming. on: November 27, 2017, 02:07:12 AM
REMEMBER, IN A MAJOR DIP, THE BEST THING TO DO IS TO DO NOTHING.

Actually, the best thing to do is buy on the dips on the way down. Keep buying a little bit here and there and DCA your way into a good overall entry position.

And once the bottom is confirmed, the forum is full of trolls yelling "It's over!" and "Bitcoin is dead!", and the MSM articles are pumping out Bitcoin obituaries again, buy it like crazy when no one seems to want it. Once it starts heading back up again, relax.

That's what the strong hands did at the last bottom. And that's why they are winning now.
4088  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2017, 06:51:33 PM
I'm complaining about this exchange, not making a speculation.

Which coin is this? Bitstamp is number 10 in volume with $80 million.  
Einsteineum on Bittrex. I flipped this one for a 100% profit and then it kept going another 100%. It has 15K of volume.

Bitstamp on the other hand has 9K of volume which pales in comparison to Bitfinex and other exchanges. Ive been trying to trade there and it's tough.

Yeah, but do you know about Unobtainium yet? It's crushing Einsteineum in volume, something like ~250K of volume. On that one secret exchange you can't get to. Sorry about that, sux to be you. Later, loser!

Dude we are almost 10k$ ... Lighten up torque  Grin

Everything isn't a conspiracy ...

Talk about lightening up. You troll idiots can't even tell when I'm making a joke. At your expense.  Roll Eyes
4089  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2017, 06:08:30 PM
I'm complaining about this exchange, not making a speculation.

Which coin is this? Bitstamp is number 10 in volume with $80 million.  
Einsteineum on Bittrex. I flipped this one for a 100% profit and then it kept going another 100%. It has 15K of volume.

Bitstamp on the other hand has 9K of volume which pales in comparison to Bitfinex and other exchanges. Ive been trying to trade there and it's tough.

Yeah, but do you know about Unobtainium yet? It's crushing Einsteineum in volume, something like ~250K of volume. On that one secret exchange you can't get to. Sorry about that, sux to be you. Later, loser!
4090  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2017, 04:08:38 PM
Look at monthly RSI, it's well over 93%.

Only 3 times so far we got over 95.
Each and every time we were into a bubble just about to burst.

You're not wrong to be cautious here.

But let me ask you a question. Suppose those hedge funds planning to invest in futures through the CME, and even Wallstreet whale traders, know for a fact that the Bitcoin price will soar higher in the coming years want to get out in front of it by buying loads of Bitcoin directly now.

Would they be able to disguise that market buying pressure? I think not.

Is that what we are seeing with this rally then? Possibly.

Could we still see a big short once the CME thing gets going? Possibly. I wouldn't rule it out.

Could we instead see no pullback at all? Possibly.

Prepare accordingly.
4091  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2017, 03:18:58 PM
^When that first refugee gets turned away, the ugly face of future-states will be staring you right in the face. Undecided

Your preconceived notions of something in such a primitive stage is lovely. Takes me to the way way back machine of the early days of Bitcoin.

And like Bitcoin, seasteading will be started by libertarians and taken over by the same people that want it regulated and watered down.

projects like this always get the nay-sayers to do their thing. if mankind had listened to the nay-sayers only, we would be still hunting deer in the forests. I wish you luck and energy.

not saying it cant be done. saying an off-shore gated community for the transnational rich isn't interesting
its obscene
 

ok, that is not nay-saying. I was quoting you as an example, but you are right, your posts are not a good example.
I doubt that getting away from poor people is the motivation of the sea guys. they want to get away from bullying nation states bureaucracy.

I hope satoshi nakamoto had not "only" a technical vision. I hope he had a vision for mankind as a whole. maybe he will finance a colony on the moon or mars with his stash.  

 Wink

Being a Libertarian, I wish Elwar and anyone else who wants to do Seasteading the best of luck and success. I say go for it. Don't let others tell you what is and isn't possible.

But that being said... the world is full of talkers. I see this all the time with millennials and other idealists (young or old). Willing to sit around and expound for hours, days, years about what they are going to do, or what they think will work, but never putting forth the effort and hard work to actually doing it.

Talk is cheap. It's easy to talk and romanticize about what you are going to do. But the doing is the actual hard part. The upfront planning and mega investment. The million and one decisions that have to be made. The years and years of hard work and effort. That's the "walking the walk" part. Not many people these days that will put their money (and hard work) where their mouth is.

You can't really defend an idea that you think theoretically will work. You are just romanticizing. You have to live it first.
4092  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2017, 01:54:41 AM
Hm. Bit too sleepy of a video for early morning. Here is what I am waking up to:

https://www.youtube.com/watch?v=cirhQ8iLdbw

Japanese teeny-bop girl death metal band. Oddly enough works.

Doki, Doki morning everyone!


Satoshi's daughter hiding in plain sight?  Wink
https://en.wikipedia.org/wiki/Suzuka_Nakamoto
4093  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 25, 2017, 10:02:00 PM
I'm gonna LMAO if BTG over takes BCH on the charts.

We should help make that happen. In fact I'm urging all Bitcoiners who currently own BCH to trade it for moar BTG, just for the lulz.

I mean hey they're both shitty forks, but lets kill off the shittier one. Lol.
4094  Economy / Speculation / Re: if you were ever in doubt about the scale of money prinitng going on.... on: November 24, 2017, 10:14:33 PM
For the last 8 years, Bitcoin has crushed inflation brought on by excessive money printing.

Just sayin'.  Wink
4095  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2017, 10:11:55 PM
Just wondering why are today so many unconfirmed transactions for BTC? almoust 45k




4096  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2017, 05:32:25 PM
At some point next year and for better or worse it's conceivable that 1 Bitcoin Gold may well be 'worth' more than 1 ounce of gold Gold.

How will this make you feel and what will the headlines look like?

Probably the same way that a BCH is worth more than 1 ounce of Gold. Like wtf, what a farce.  Tongue
4097  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2017, 05:27:48 PM
Spit and shake hands as much as you want, brother, but only signature with your private key counts in the end!

Nope. Go ask a lawyer. No matter which party ends up with the asset at the center of a smart contract dispute, that said ownership can still be challenged in a court of law. Smart contracts will not alleviate or nullify this.

Riddle me this: Since you and me never signed which jurisdiction is recognized in case of the dispute, and we may be from different countries, do you really believe jurisdiction of my country has power over you?

Riddle me this: Why or when would I ever go into a smart contract with you, knowing this? Lol
4098  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2017, 04:51:04 PM
Spit and shake hands as much as you want, brother, but only signature with your private key counts in the end!

Nope. Go ask a lawyer. No matter which party ends up with the asset at the center of a smart contract dispute, that said ownership can still be challenged in a court of law. Smart contracts will not alleviate or nullify this.
4099  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2017, 04:36:31 PM
As far as the law is concerned, I don't see why a clearly defined contract should not hold in law depending on what the application of it is. But I'm not a lawyer so that's not something that I can even speculate about given how absurd some of the loopholes over there are.

I thought the whole idea of the smart contracts is that they don't care about the law, the justice system can not turn them over. Contracts based on math, Honey badger don't care sort of thing, it either executes on the blockchain or not. What's the point of troubling with it if some judge can invalidate it?

But..but.. what's the advantage for the participants involved if a breach of contract or dispute is not defensible in court? Why not just spit and shake hands on a gentleman's agreement for that matter?

And anything that has legal precedent (99.99% of contracts) can be challenged in court. Smart contract or no.
4100  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2017, 04:06:58 PM
As far as the law is concerned, I don't see why a clearly defined contract should not hold in law depending on what the application of it is. But I'm not a lawyer so that's not something that I can even speculate about given how absurd some of the loopholes over there are.

Yes, but here's the thing:

1. In the cases where there is already legal precedent (99.99% of contracts that one would write), contracts must be written in alignment with what is already legally defensible. Thus involvement of the legal system is unavoidable. So no advantage to a smart contract over non-smart one (i.e. paper contract) there.

- and -

2. If you write a legally-binding contract in paper form vs. a smart contract in code, their wording and rules will be virtually identical, but the paper form will be easier to write and sign. And won't require purchasing ETH to create and execute it. So still no ROI advantage to doing it in smart code.

See what I mean? This is what I mean when I say that smart contracts are a solution looking for a problem that doesn't exist.

It like when companies say that Blockchain tech will change the world, but the coins themselves are irrelevant and unnecessary.
 
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