Sometimes, Torque, it seems like you live in a terrifying echo chamber, and then sometimes, you clearly have a lot figured out. That last post would figure in the latter category, by my way of thinking.
One does not necessarily exclude the other. More people are waking up, and there are multiple levels to this. Yeah guys, I know my posts can sound pretty extreme and "preachy". They probably come out more that way on the screen than they sound in my head. I'll try to tone it down. I would welcome feedback and conversation. It's just.... our world financial and economic problems on the horizon are so much worse than most would believe, and the game has been heavily rigged. It's just everyone is living it in slow motion at the micro level, so they don't notice what's really going on at the long term macro level. But I hear them grumbling about it... at work... at the grocery store... at the gas station. Everyone's standard of living and wealth is steadily declining, but they don't know why. They can't put their finger on it. Slowly over time, everyone is feeling its effects. And it's getting worse and worse. I've taking the red pill. I see it now. But I know I don't have all the pieces or all the answers. Still learning. You've got some accurate observations and I always appreciate hearing the validation of what I feel to be true as well. What we don't know is how far the manipulation of markets will go. We can speculate that a global crash is imminent but no more than speculation of another manipulative move to prop it up and keep the people comfortable enough to not rebel. I think it's a tough conversation to have because it requires one to imagine the changes that would take place on a personal level should such events occur. Not many are equipped to hold doomsday thoughts and still carry on in positive, progressive thinking. |
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There we go, everyone feeling a bit better now? Unless you sold of course.
Couldn't resist, Bought back into BCH for the bounce and out again. Thanks for playing!
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BCH just fell below ETH for the first time I believe. Not that it matters much but I was curious to watch.
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Bitcoin's going great... But what the hell is happening with altcoins?  Can't we follow the old rule? When bitcoin goes up, alts go up too?  People converting altcoins to btc to get more bitcoin gold, i think. How does that work? Holders of clonecoin get another kind of clonecoin? As long as it's free why not. I don't think so that alts can go further down though. There's only 1 coin!  |
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I'll be incredibly impressed if the guy that won MicGoosens guess the ATH contest wins the second contest! Even if he doesn't, damn does he have a solid chance at it, the way things are going right now.
Kudos to you BikerLeszlo (sorry if I spelled that wrong)
We'll need to anoint him as King of Bitcoin  IT would’t be very crazy.... i even hope for the Guy its gonna hit ATH on 10-10 👌👍🏻 If he can do it 3 times, we can all cry conspiracy. |
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Is that an ATL for BCH .0665? If there's any real belief left in that fork I'd expect to see a big bounce incoming but I'm not so sure of that. Any further sustained loss of BCH should be telling. Bitcoin= Nam..Nam.. Nam... Next fork please!
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Thank you, this also helps. I see the correlation between GPU, CPU and ASIC better now and understand that the GPU route leads to ASIC manufacturing for which will get monopolized and is already what we have.
A fully distributed and secure network sounds to me as easy as the concept of perpetual motion.
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Is it not correct that ASIC is very power hungry where GPU is much less so? Also, it looks like ASIC miners are barely available at around 3K each and pretty much monopolized (centralized) and a massive risk for anyone wanting to get involved. Would GPU be much easier and cheaper to produce, run, acquire, etc? Maybe I'm missing the picture but would that not take care of the centralized version of mining we have today if everyone could simply use old GPU's or as just mentioned CPU's?
ASIC SHA256 product is centralized. GPU are not. It's a point. ASIC = 12TH/s for 1200w GPU = 0,00003 TH/s for ... 300w It's an other point. Security is like that. I see, thank you for that. Perhaps when we have enough users it will no longer matter how many TH/s are calculated if everyone ran a small fraction and its pooled. |
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New leg UP! 10$ away from breaking the previous right shoulder. Looks like new ATH could be had this week!
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Can anyone simply explain why a GPU mined network wouldn't work or be supported? In the future I somehow see users validating the network by simply holding or using bitcoin on a lightweight client. Not that I'd like to fork off to try but something like how torrents work where users validate the content. GPU mining sounds like a step in that direction although I have no real technical understanding on the matter. I suppose that's what I'm asking for and I'd rather hear it here than on a fanboy page.
Of course gpu mining would work for a time. What do you think Litecoin is? Its a btc fork which uses gpus. At least that was the plan until scrypt miners were born. But lets say BTC switched to GPUs only tomorrow. The mining farms would just switch out their ASICs for GPUs and your back to square one. The problem is POW and another solution will have to come at some point Is it not correct that ASIC is very power hungry where GPU is much less so? Also, it looks like ASIC miners are barely available at around 3K each and pretty much monopolized (centralized) and a massive risk for anyone wanting to get involved. Would GPU be much easier and cheaper to produce, run, acquire, etc? Maybe I'm missing the picture but would that not take care of the centralized version of mining we have today if everyone could simply use old GPU's or as just mentioned CPU's? Seems to me that in order for this to be truly unstoppable and decentralized, mining\network validating needs to be put in the average person's reach or better yet, somehow built in as a function of owning BTC. Maybe things will change when the remaining 4.5 million coins have been mined. |
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Can anyone simply explain why a GPU mined network wouldn't work or be supported? In the future I somehow see users validating the network by simply holding or using bitcoin on a lightweight client. Not that I'd like to fork off to try but something like how torrents work where users validate the content. GPU mining sounds like a step in that direction although I have no real technical understanding on the matter. I suppose that's what I'm asking for and I'd rather hear it here than on a fanboy page.
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And BCH looks like its going to dump past the first wall @ .075
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There's a 120 buy on stamp at 4580, funny thing is, if you're using the microsoft edge browser, this buy is highlighted in blue and underlined. Not with chrome or firefox. Backend buy?
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Why isn't that a good sign? Perhaps only if you have them. Alts are coming un-pegged from BTC. I think that's a great thing. These startups must deliver use cases soon or meet their doom.
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Feels like we might punch through 4500, The 4400 previous resistance looking solid from here.
sorry I have to disagree with you. we are already breaking 4600  Huh? currently 4566 stamp, market cap 4561. |
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Feels like we might punch through 4500, The 4400 previous resistance looking solid from here.
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@Icygreen, how thick is that $45 plywood? 1/8? 3/4 inch? I got one of those minivans that supposedly can fit plenty sheets of plywood when you fold down the seats.
Standard 1/2". I'll put my buy order in for 50 sheets at $35.52 BTC.0064 |
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Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
Wow, $45CAD for plywood sheet? Also, at what point do people stop paying those high avocado prices. It's just a fruit, lol. To be fair, yes plywood is $45 a sheet and partly due to recent fires in the interior but........... are these fires and "natural world disasters" going to break anytime soon? People will pay until they cannot and then ushers in a higher class who can still afford it and this is where demographics change. |
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Yes, real inflation rates are about 7% per year taken on a 10 year timeline. I typically look at food and building costs. For me, the costs of both are up 50% and more over the past 2 years only. An avocado now costs $3 each and a sheet of plywood is $45. (canadian dollars)
Good reason to store my value in BTC.
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Looks like a nice bounce out of 4100 range as I had previously posted and hoped for. There are 3 or 4 previous strong resistance points that have turned into support around 4120. Anyhow, happy to wake up and see some green rocket fuel.
As usual, hodlers relieved and shorts chasing the train.
BCH still mesmerized by gravity .082 and I might take a small position on it if it starts to get into price parity with ETH (for the psychological bounce) although those big walls at .02 are not so reassuring. Or just let it die. Hmm...
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