It's an interesting argument but you are wrong, and here's why: mining Bitcoin is a function of money and time. You can do the math for yourself but I'd guesstimate that $3k of mining equipment now would take you about a year to get a full Bitcoin, nevermind what it's going to take when the Bitcoin difficulty is exponentially higher years from now.

r0ach if you wrote without all of the hate I think more people would take you seriously. I often read this thread in the hope that folks will see through your hate and argue you on the merit of what you are saying, which is hard with all the awful rhetoric you add. Nonetheless, you're omitting a key part of the whitepaper, I don't know if you are doing so in order to suit your narrative (great troll if you are) or if you have not carefully read and considered the whitepaper in the right context. The middlemen being referred to in the whitepaper are those that include a key characteristic which Bitcoin is designed to exclude, i.e., the element of blindly delegated trust. We don't trust the validators just because we are told to do so, as in the existing financial system, instead they are trusted as a result of the work they do which anyone in turn can verify and do for themselves .

From the whitepaper:

"These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party"

"What is needed is an electronic payment system based on cryptographic proof instead of trust,allowing any two willing parties to transact directly with each other without the need for a trusted third  party"

"The problem of course is the payee can't verify that one of the owners did not double-spend the coin.  A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending.  After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent.The   problem   with   this   solution   is   that   the   fate   of   the   entire   money   system   depends   on   the company running the mint, with every transaction having to go through them, just like a bank."

source?

16:30 he shares his instincts on what's happening w/ Bitcoin which may resonate with some.

I know ;( It's all par for the course though so have it gents!

100% agree. $2500 feels right, I know there's no place in this space for touchy feely jibber jabber but it has served me pretty well over the last 9 years.

Will add some more fuel into the fire, r0ach is going to love this: I bought gold.

Screw it, I'll open myself up to some haters: I just offloaded 50% of my portfolio. Can't shake what r0ach has been saying recently, he makes a lot of sense when it comes to manipulation. The rapid increase over the last few weeks just doesn't feel right. It's too fast and money (whatever you feel that may be) just isn't supposed to be this easy.

Curious to know what you guys think about using RSI to make informed trades.

If you use it, care to share in what capacity and what settings?

I'm trying to understand precisely why you are making the assertion that if the price skyrockets then mining skyrockets too.

With reference to https://www.blockchain.com/en/charts/difficulty?timespan=all

We've had price explosions in the past but only 2017 resulted in the mining explosion that you are referring to. Can you explain your reasoning for why mining must skyrocket? Obviously, if price explodes then it makes more sense for miners to get involved (increased profit) but it also means increased competition, so an exponential price gain does not necessarily point to exponential profit for the miners ergo no exponential rise in the difficulty.

Curious to hear from r0ach.

The higher the price of BTC the more you're going to pay for that trade-in.

Blackle uses Google Custom Search.

This is what I was alluding to earlier, i.e., it's all fun and games when a shitcoin is delisted, but what are the ramifications if exchanges with enough might collude to delist BTC?

This got me thinking: what do you think the impact would be if that SV was not there?

Sorry man. We all have ups and downs. Just know that you're down now but will feel better in a little bit.

Why do you think Facebook has the might to take on Google?

These were called "stiffy" disks back in my part of town. The 8" floppy disks are the much bigger cousin of this guy and is what I used to play Space quest 1 on.





God those were the days.

Slightly tangential but still on point, how to rank the effectiveness of these mixers? Has anyone had any bad experiences with them, i.e., where the coins were in fact demonstrably linked to their source by another external third party?

- setup significant storage containers on alts that are offering filestorage solutions.
- offer affordable prices, basically best on the network
- note you won't get any buyers (it's dead out there)
- wait....


When your first contract happens: That's your signal to buy.