 Tyler Jerkstore can go screw a light socket too! |
|
|
|
 New poll! Very enjoy! Much pleasure! Such choice! Go fuck yourself Tone Vays! |
|
|
|
Great interview on the What Bitcoin Did podcast: https://www.whatbitcoindid.com/podcast/peter-rizuns-lightning-critique-fud-or-fairI assume a number of you will summarily dismiss this, rushing to judgement before examining the evidence. But for the open-minded, certainly worth a listen. I am truly looking forward to the necessitated responses from the LN-faithful. Well, to the extent that such responses be substantive. If this conversation carries forward in a respectful manner, we may all learn a thing or two. edit: Incidentally, this has been 'Lightning Month' on What Bitcoin Did. Quite a few good installments, each focusing on a different aspect of Lightning. Joost Jager, Lightning Network Infrastructure Engineer at Lightning Labs, joins me in this episode to talk about Lightning Loop Out and In. We also discuss some of the recent criticisms of the Lightning Network by Peter Rizun. We talk:
How Lightning Loop helps you manage inbound liquidity, or pay with BTC on chain to get outgoing capacity on a lightning channel
Practical uses of Lightning Loop technology
Some of the technicals behind how Lightning Loop works e.g. hodlinvoice
Thoughts and responses to Peter Rizun’s criticisms of the Lightning Network |
|
|
|
https://twitter.com/100trillionusd/status/1120265384932859904?s=21#bitcoin stock-to-flow model is a power law (BTC$ = 0.4*SF^3). This means SF change vs BTC$ change is constant: SF 2x = BTC$ 8x .. all the way from $0.01 to $10,000 .. and possibly to $100k and $1mln etc  Omg every tweet by PlanB is Gold. I would also to say that he can write so much better than me what I “feel”. Pure gold. I have to admit thou, that even in the wildest dream of hyperbitcoinisation I cannot see BTC to USD 3,200,000. This would imply a massive USD devaluation: can the world be with a sort of Venezuelan Bolivar? He's awesome. He mentions that the model price should hold for the 2020 halving, and maybe the 2024 halving. Beyond that, it's uncertain. ...dont extrapolate any model too far out. I think it will hold another one or two maybe three halvings, after that market value in $ becomes a little crazy. |
|
|
|
Well it doesn’t look like anyone wants to advocate for children starving in the streets. If you follow that through to its logical conclusion you end up with a system not dissimilar to the current system.
On that basis I think that left and right are actually quite close in their approach although the rhetoric differs.
I guess Jbear and Arie and I can agree on stuff.
I'll be your huckleberry. Kids dying in the street would be survival of the fittest at work. Like wolf pups who starve because momma wolf is too famished to produce good milk. Weak specimens dying off makes the species stronger. And charities feed people. |
|
|
|
https://www.youtube.com/watch?v=LrGx0lhdNBY&t=11509sI posted the stream earlier but surprisingly nobody here was interested in it. Anyway this what this bald guy thinks going to happen:  Looks fucking scary. If they asked me to paint the most horrific bear run, I would exactly paint it like this. It is long, it is not directly going down, it is a fucking torture. You think going from 6k to 3k was bad? Pray it doesn't go below. I guess I am scared. Gonna wait a few months before I buy anything new. No more FOMO. F*** it as a coiner don't be afraid to increase now and if it go's increase then what possible @that time.... but being afraid @3-4-5K to buy is greedy, if it wouldn't go lower then you have to punch yourself 2 black eyes cause you didn't bought @these levels!! If your not comfortable with buying than don't go ALL-IN but why not some smooth buying?? And F*** that F***ing idiot, he's just a good laugh for a haircut and nothing else! I do hope it doesn't go that way, but it doesn't concern me to increase and HODL it all the way through as it would and i'm surely not afraid with just keep doing as i'm doing now.... Your a way of a to good WO-member to stop buying BTC @ whatever low prices.... just like LFC buy what is considered to be spare FIAT-trash and stack it on top of the HODL coins  I remember your 21 goal... so buy and get there as fast and cheap as you can And those graphs are all just some lines and paths of what it could be .... if you want I will draw some  and why don't just take HM's line as good possibility thats a easy and steady one as well with not to much horror  Relax bruh. The guy looks like a retard I know but that stupid looking face shorted bitcoin while we were buying from 6k. I hate his face and I promise myself I won't watch his shit ever again but then I remember how he was right. Something inside me warns me to not buy from these prices. I am already close to 6btc with the average cost of $3.2k. If I anchor myself to $5k, I won't have anything left to buy from a lower price. I'll keep buying to DCA but I bought pretty big pieces when it was between $5k-10k. Gonna sit and watch for a while. (not buying big pieces, only dca'ing with smaller pieces) It is not like I am dumping to buy back from a lower price. I am not stupid. I always buy high sell low.  I've never understood why Tone Vays is so popular. His youtube shows are long and boring as shit, and most of his analyses are ridiculous and borderline retarded. Other than his "I lost a fight with a lawnmower haircut," I don't know what he brings to the table. |
|
|
|
 angel55 won the right to choose the next poll! Thanks for playing jojo |
|
|
|
|
The next person to suggest a poll, with answers, will get his poll posted.
|
|
|
|
 https://twitter.com/100trillionUSD/status/1119358330739331074New #bitcoin chart: Stock-to-Flow Multiple
Like the Mayer Multiple (bitcoin price / 200w moving average), SF Multiple (bitcoin price / SF model price) indicates tops and bottoms.
- ATH 2011, 2013, 2017 is 3-13x
- bottom after ATH = 50%
- after halvings price lags SF model price
 https://twitter.com/gravitywave2/status/1119310237658439681An alternative view of @100trillionUSD's stock-to-flow/price relationship showing how price oscillates around the fundamental prediction of scarcity-based market value. Big thanks to planB for doing the work on that, and to @saifedean for popularizing the SF concept.
It's happening, history will repeat itself again, beautiful graphics. Good Morning WO,s !!! Thanks for this post. I enjoy these discussions that look at the big picture. I find the day to day wall observing a little boring  Anyone else find it odd that the last bubble topped out at such a low price? If the bubble tops were decreasing at a linear rate, then the last bubble would've topped out at a SF multiple of about 8x, or a price of ~$44,000, according to the SF model (see stock-to-flow chart above). Even if the bubble tops were decreasing at a logarithmic rate, I wouldn't expect it to go from 14 to 11 to 3.5. There's a lot of debate on crypto twitter (CT), BTCtalk, etc. about the long term logarithmic growth cycle, decreasing volatility, etc. I touched on some of this in my previous lengthy (for me) postAn alternative explanation to a very predictable logarithmic growth cycle was offered by @filbfilb a few months ago He shows how s-curve adoption isn't quite as neat and clean as we like to think. There are fits and starts:  If bitcoin follows a similar pattern to the number of internet users, it would follow that we would see periods of higher growth interspersed with periods of lower growth. The relatively low SF multiple of the previous bitcoin bubble thus shouldn't look too out of place. Fundamental reasons for the weak bubble include network congestion, and congestion in fiat onramps (exchanges couldn't handle all the new users). The next time bitcoin goes parabolic, in 2-3 years, these problems should be mostly solved. The old exchanges upgraded their infrastructure, and we'll have Bakkt, Fidelity, etc., more importantly. On the scaling side, we'll have more users and exchanges using segwit, we may have Schnorr signatures, more exchanges will be using batched transactions, and we may see some mainstream exchanges using LN and other second layer solutions. In conclusion, I believe our growth may look less like this:  and more like this (credit to @filbfilb, edited by me):  |
|
|
|
 via Imgflip Meme GeneratorWhole of BTC-world knows this story and everybody is with Elwar, just so Nice to read and to hear he’s ok.... GoGoGo Elwar and be safe!!! Has a major media outlet picked it up yet? I heard a story on NPR about it today. I am surprised by a belligerent reaction to what is essentially building a floating house. Not sure that I understand this. Me either. What's the difference between that and an anchored sailboat? |
|
|
|
via Imgflip Meme GeneratorWhole of BTC-world knows this story and everybody is with Elwar, just so Nice to read and to hear he’s ok.... GoGoGo Elwar and be safe!!! Has a major media outlet picked it up yet? I heard a story on NPR about it today. |
|
|
|
|
I'm getting caught up on the thread again.
I'm now educated about dick titty fungus, and how to treat it. Thanks you.
|
|
|
|
Calvin's relationship/partnership with Craig right now.
Ayre has reportedly been involved with CSW since at least Feb 2016. See this lengthy article, though note that it uses info from several highly unreliable sources, so you have to second-guess everything. Apparently, Wright worked in Antigua on gambling websites a long time ago, which is Ayre's residence and line of business, so they probably met directly or indirectly through this. Wright first publicly made his appearance in the Bitcoin scene in Dec 2015, and apparently he was engaging in the "I'm Satoshi but down on my luck, plz give me a small loan of a million dollars" shtick from at least around mid 2015. The fact that Ayre was involved so early makes me a bit suspicious that he could be in on the con, but it's also possible that he's just fallen for it real deep. I find Ayre's actions inexplicable. He appeared in this space suddenly, with a thin recent history. He's fixated on statist arguments, but his history makes me think that he should be biased against the state. (CSW has also been talking about this: which one is influencing the other?) He's stuck steadfastly by CSW for 3+ years with nothing obvious to show for it, and probably significant losses. (But is there something we don't know about? Does he somehow stand to profit from the current course of events, where SV & CSW fail in a loud and dragged-out way?) If anyone has some connection to Ayre through a friend-of-a-friend or something, I'd really like to know what's actually going through his mind. To me, it seems he was fooled by a very convincing conman. Craig is actually a very smart guy, and understands the technology very well, which is why he's been able to fool so many people. Of course, it's entirely possible that Calvin has knowingly been in on the con since the beginning. He's a degenerate gambler. Maybe Craig was just the horse Calvin wanted to bet on. Looks like he's doubling down on the Craig=Satoshi stuff: 
OMG that's terrible. Hopefully they're able to get out of there safely.
Elwar is a pretty cagey motherfucker, I suspect a change of jurisdiction is underway as we ponder. For some people, leaving their country is easy. For some, it could be pretty hard. Nadya seems to have strong ties to Thailand. It could be difficult for her. He's in a really tough spot. Should he save himself and leave his girlfriend to possibly be executed, or stay and risk his own life while trying to get her out too? That's some heavy shit. |
|
|
|
Where were all these exchanges, who are now taking a stand against "bad actors", when Roger Ver was actively trying to defraud bitcoin investors with his bait and switch scam? |
|
|
|
I am not sure I understand the goals of libertarians. If they want to build their own country, they have to be able to defend it.
A small group of 40 - 50 heavily armed people will never do. A decent defense force means a large population and a taxation systems to support it. Gathering a large population is easy, you simply need to gather the world’s refugees and offer them something better. You might even gain the support of Western governments if you promise to take their unwanted refugee claimants. Israel was invented to house Jewish refugees and the model is replicable.
But all you have done is recreate the existing state system, with taxes. And that doesn’t seem to be the point.
The US did fine for 137 years with no income tax. Tariffs alone could be enough to support a reasonable, modern military. Maybe throw in corporate taxes so you can weaponize space. Edit: I also realized r0ach has been gone for a while. Theories: 1)He's on vacation with V8, 2)He was touring the Notre Dame spire today, 3)He's staying in a small seastead off the coast of Thailand. |
|
|
|
|
Anyone have any special ops experience? We need to put together a WO squad of elite commandos for a rescue operation.
|
|
|
|
France Passes Bill to Allow Insurance Providers to Invest In Crypto & TokensKnown as “Plan d’action pour la croissance et la transformation des entreprises,” (Pacte) the act reportedly allows insurance providers in France to invest in cryptocurrencies such as Bitcoin (BTC) with no limit on the amount of investment.
According FXStreet, a dual provision of the act enables insurers to invest in crypto through specialized professional funds, and allows them to offer life insurance policies exposed to crypto. The new measure will also impact professional capital investment funds.
|
|
|
|
Highly unfortunate development. I thought Elwar had tacit approval or acquiescence for the seastead. I wonder where the disconnect is. Very unfortunate indeed. I just recall him saying the Thai's don't really have a say since the seastead is in international waters. |
|
|
|
|
Show Posts
