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821  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 26, 2023, 01:18:14 PM
🖕 banks  

Buy #Bitcoin



Details

Lemme ask you. Without banks could you buy Bljatcoin?

Bljatcoin Shitcoin not Buy
But
Yes Bitcoin Buy....


 Where have I seen this before?


 When exPHorizon wanted people to give him free (or ridiculously-heavily discounted) bitcoin, he used the term bitcoin.  When people told him to go pound sand, he coined a weird, and I suppose, derogatory term for bitcoin.  There's no point discussing bitcoin with him; you're wasting your precious time on earth doing so.
822  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 25, 2023, 08:25:58 PM

 In that case, you'll need the protagonists Smiley




FTFY  Wink
823  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 24, 2023, 01:45:36 PM

 Dude, up-scaling an image which is already borderline illegible doesn't make it easier to read.  The originals you used were 319 pixels wide (and used too much jpeg compression) and you scaled them to 400.  What you should have done was to take the original sized image and downscale it to 400.



   The first image is downsized from a 715 pixel original, the second image is your upscaled image and the third is your image without any "enhancement".  Perhaps I'm getting old, I need a new monitor or maybe an upgraded eyeglass prescription but I cannot read what you posted and even the downsized 715 pixel is only borderline legible.

 If your aim is to get merits, why not take the originals, reformat them and post them so that people can actually read them?  What's the point of content nobody can read? (I mean aside from humour, right JJG?)






  Also, maybe find some content that people give a shit about - that story about Dorian Nakamoto is quite old and likely nobody cares anymore other than perhaps to feel sorry for the poor fellow for the harassment he had to endure because he shared a last name with the pseudonym for the creator of Bitcoin.  Don't even get me started on the other guy.
824  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2023, 02:38:19 PM
Betamax was technologically, ever-so-slightly better than VHS; the tapes were smaller, there was less noise and the resolution was slightly, theoretically higher.  It also had first mover advantage by ~2 years.  The problem?  It was proprietary - controlled by one corporation: Sony and their licensing fees kept the price higher.  JVC (Japan Victor Corp) released VHS as an opensource collaboration and so VHS won out... of course they're both dead now  Embarrassed   Oops, I guess there's no applicable lesson here for Bitcoin!

Betamax also controlled licensing for tapes and did a lot to prevent porn from being distributed on Beta. VHS had no problem with porn, and here we are.

Big lesson there....

 Yay!  Lightfoot is back!
825  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 23, 2023, 01:33:49 PM
The reason for my post should be seen in context, and philip has frequently repeated his nonsense that bitcoin is likely going to show broken incentives in around 2050/2060 because the mining rewards are going to be so low that miners are not going to want to mine bitcoin and they will be incentivized to mine POW shitcoins such as litecoin and doggie coin.. and saying dumb shit like that.. so I am reinforcing his dumb ideas through my post.
Bitcoin will grow much more in price then. The block reward will be 0.02441406 in 2052. Currently, the miners getting around $187K for a block; who knows what will be the bitcoin price in 2052? Maybe 0.0244 won't be worth $187K. Maybe this is what he is fearing.

my fear is second layer will not be fixed properly.

if a block is 0.0244 btc and it is worth 244,000 that would mean a coin is 10 million.

the smallest fee is about 227 sats. so the smallest you pay for a fee is. $ 227

This means btc will need tweaks to work.

I am not going to get into miners growing and growing to protect btc.

but if coins are 10 million and say 20.5 million are mined we have a cap of

205 million at ten bucks
2050 million at one hundred bucks
20.500  billion at one thousand
205.00 billion at ten thousand
2.0500 trillion at 100 thousand
20.500 trillion at 1 million
205.00 trillion at 10 million

so a you want lots of miners to protect 205 trillion

lets say gear does 5 watts in 2056 much like cars and miles per gallon there is a limit to how low watts a miner uses.

so if gear does 30 now  the same amount of units and power the diff jumps to 320 trillion but no extra value  
to the entire network’s infrastructure.

mining infrastructure must grow to protect the new higher cap.

make it stagnant and the value of the cap is poorly protected.

so if market cap is 550 billion and grows to 200 trillion by 2052.

miner infrastructure of 10 billion  should be. 4 trillion

55 to 1 . coin to gear now.

50 to 4 coin to gear in the future.

roughly 400 to 1 more infrastructure and 6 to 1 efficient means diff is not 6x it is 2400x

right now we burn  about 10,000 megawatts an hour.

we are not going to scale to 24,000,000 megawatts.

just one problem.

and if cold fusion works and we have that much power why spend it mining a vanishing coin

when ltc/doge is designed to never vanish.

BTW This is why JJG always attacks me as he knows that long term on paper right now.

LTC/Doge has a better design than BTC.

but beta was said to be better than vhs.

So BTC can still prevail.

I stack more BTC than Doge and LTC.

 Daddy, what were you doing during the Format Wars?



 Betamax was technologically, ever-so-slightly better than VHS; the tapes were smaller, there was less noise and the resolution was slightly, theoretically higher.  It also had first mover advantage by ~2 years.  The problem?  It was proprietary - controlled by one corporation: Sony and their licensing fees kept the price higher.  JVC (Japan Victor Corp) released VHS as an opensource collaboration and so VHS won out... of course they're both dead now  Embarrassed   Oops, I guess there's no applicable lesson here for Bitcoin!


826  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 21, 2023, 12:39:46 PM



if you want pleasure
Then go to the sea"
If you want knowledge
Then you read the book"
If you want to be rich
Then you save your bitcoins"

 You should add the line:

 "If you want fuck..."  Wink
827  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 20, 2023, 01:45:33 PM
snip]

can you explain? how you did it?

 ezgif.com
 
Free to use, no sign up required.
I use Brave shields and ublock origin to keep the ads and trackers at bay with no obvious impairment (other than not seeing ads).
828  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 20, 2023, 01:29:41 PM
Click To Play



 I didn't think it possible to convert a 29 second video into an animated GIF that could be posted on bitcointalk within the 2.5 meg limit and yet here it is cropped, shrunk, optimized and somehow still viewable.

829  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 20, 2023, 01:14:28 PM
BREAKING: MIT researchers acknowledge the grid balancing, methane mitigating benefits of #Bitcoin    mining in new paper.


Details



for people who want to avoid twitter, this is the source: https://ceepr.mit.edu/wp-content/uploads/2023/06/MIT-CEEPR-WP-2023-11.pdf

What is TLDR? thanks in advance.

PDF file I already checked...buddy
Thank you...

 TLDR... PDF... Do you two understand one another?  Asking for a friend.
830  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 18, 2023, 02:38:22 AM


We are reaching little by little this sentence made by Werner Karl Heisenberg one of the founders of quantum mechanics.


"The first drink from the glass of natural sciences makes a man an atheist, but God is waiting for him at the bottom of the glass".

And i think this its correct, every time we think we know something we learn we know nothing.

I was skeptical of that “quote” of Heisenberg so I googled it.
My suspicions were confirmed.
First hit at Quora says the quote is apparently fabricated.
And the chatty AI dude said it maybe incorrectly attributed to Heisenberg.
Dyor



I am the same when it when I see purported quotes and this time I ended up at https://en.wikiquote.org/wiki/Werner_Heisenberg.  On reading through the text, I came across this gem:

"The journalist Eike Christian Hirsch PhD, a personal acquaintance of Heisenberg...  ...and that Heisenberg's children, Dr. Maria Hirsch and Prof. Dr. Martin Heisenberg, did not recognize their father in this quote."

 That took me back to a time between semesters at university when I had a job as a summer student working at the same factory as my father.  Up to that point in my life, I had only ever heard my dad utter a single profanity when he and I we were driving somewhere in his car and clouds of smoke started coming out of the exhaust.  In fact, "Meatball" and "Meatball stew" were the absolute worst things my dad would call someone when he got angry and I wouldn't even think of using those words myself.  Rewind to an even earlier time when we had moved to a new town and on my first day of school, one of the kids told me, "fuck off" and I asked him what it meant which set off what I fondly refer to as the "great fuck off event".  "Hey! This new kid doesn't know what "fuck off" means!!"  For the rest of the day, everyone was telling me to "fuck off"; including some of the girls and before lunch time was over, some of the kindergarten boys were telling me to "fuck off" but nobody would tell me what it meant... of course by second recess, I had given up asking and decided that none of them actually knew what it meant; it wasn't so much that they wouldn't tell as it was they couldn't tell me.  I couldn't wait to get home to ask my mom because she knew all kinds of words - she was a stenographer!  So as soon as I got home, I made the mistake of asking my mom what "fuck off" meant;  my mom called me by my full legal name suffixed by "You just wait 'til your father gets home!"  So, I figured it was a really bad thing to say but I still didn't know what it meant.  I guess I persisted until my mom's voice got so frantic and high pitched that I could no longer hear it and when my dad got home from work, he didn't explain it to me either (not with words at least) but I was left with the impression that if I ever said it again... anyway, back to the summer job -
 After I got settled in and figured out what I was supposed to do, I met my dad for lunch.  A bunch of his buddies came and sat down with us to eat and my dad introduced me, I swear to god, after that introduction, I wouldn't have attributed the "quotes" from my father to him, even though I was hearing them first hand, and he wasn't even angry... he was just using profanity in casual conversation and lots of it too.  I just sat back and pretended it was old hat for me; the last thing I wanted to hear was "Hey! This kid doesn't think his old man swears!" on my first day at my new job.

831  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 17, 2023, 10:14:40 PM
^Okay, with all the discussion around AI generated content, I want to conduct a little test to see if you guys can discern AI from reality.  Obviously, this is an informal test but here goes.  (feel free to use one of those detection tools on it as well).  It's not necessary for everyone to respond to this post - I'll update this post with an edit at  ~2100 UST to let you know.  Oh, regardless of what comes after this, I still love you JJG Smiley


I just wanted to bring up a point about JJG's forum postings. Don't get me wrong, the guy knows his stuff and has some really useful insights. But seriously, he uses way too many words to make a simple point! I mean, come on, who has the time to read through a novel every time he posts something? It's like he's trying to show off how smart he is by using a million unnecessary words. Don't get me wrong, I appreciate a well-thought-out argument, but sometimes brevity is key.


#nohomo

 The content was generated using AI.  Thanks for all the responses; you guys brought up some interesting points.
832  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 17, 2023, 02:57:38 PM
^Okay, with all the discussion around AI generated content, I want to conduct a little test to see if you guys can discern AI from reality.  Obviously, this is an informal test but here goes.  (feel free to use one of those detection tools on it as well).  It's not necessary for everyone to respond to this post - I'll update this post with an edit at  ~2100 UST to let you know.  Oh, regardless of what comes after this, I still love you JJG Smiley


I just wanted to bring up a point about JJG's forum postings. Don't get me wrong, the guy knows his stuff and has some really useful insights. But seriously, he uses way too many words to make a simple point! I mean, come on, who has the time to read through a novel every time he posts something? It's like he's trying to show off how smart he is by using a million unnecessary words. Don't get me wrong, I appreciate a well-thought-out argument, but sometimes brevity is key.


#nohomo
833  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 16, 2023, 04:29:42 AM

 I love that song.  Now that you've got me going down memory lane, another song came to mind when I saw this breaking news clip.

 

 Oliver- Good morning starshine

Well thanx for sending me down the YouTube nostalgia rabbit hole homer. (not that I don't fall down it on a daily basis)
This Seekers (RIP Judith Durham) started playing after your link (before I could click away) and down that rabbit hole I fell...again.


 Yeah it took me a while to get out as well.  I ended up listening to Astrud Gilberto - Girl from Ipanema and to my dismay, I learned that she passed away on June 6th this year so I ended up listening to more of her music and reading the rather sad story of how she pretty much got stiffed on any proceeds from the recording and didn't get even get album credit for the recording.

https://www.independent.co.uk/arts-entertainment/music/features/astrud-gilberto-girl-from-ipanema-b2006879.html
834  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2023, 10:25:43 PM

 I love that song.  Now that you've got me going down memory lane, another song came to mind when I saw this breaking news clip.

 

 Oliver- Good morning starshine
835  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2023, 09:09:08 PM
It wont be long before we taste the rainbow.

836  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2023, 08:51:30 PM
.... we all should do at least something for Bitcoin either in form of promoting its awareness in our communities .....


Yeah, I used to do that. Not any more though. As it is, normies already think I'm a few fries short of a happy meal.

 Exactly!  After the first few times discussing bitcoin with people, I realized that nobody I knew was going to willingly buy bitcoin so I stopped bringing it up.  Afterward, where I worked, someone would come up to me at lunchtime occasionally and say, "Hey, I heard you know about bitcoin" at which point some at my table would groan and literally everyone, would take their half eaten food, get up and go to another table.  After it happened a couple of times, I thought for sure I was being punked and they were purposely telling some newbie to ask me about bitcoin.  I never was able to prove it.
837  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2023, 07:33:19 PM
Bitcoin goes up and it comes down, and again it goes up and down, but why it doesn't goes up only? I was positive that the pump could at least take Bitcoin close to $32K in price, but nope it was dumped once again after that pump. There is something going on behind the scenes, and if I'm true regarding those behind the scenes plans then the price of Bitcoin will face another pump once again within a week or so on. However, I'm quite sure that Bitcoin will see another pump of at least 5% or more this month. Let's see what's going to take place.

 Zoom out
838  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2023, 02:29:26 PM

 I like your enthusiasm but some of us old farts can't read that tiny print.  Also, that third pane makes no sense from a bitcoin perspective - it's just sad that the guy lives hand to mouth with no savings other than gold which is... less than adequate.  So (imo) I fixed them for us.  Now we don't have to squint, get angry and yell at kids/dog/cat for being too noisy while we're trying to see before finally give up.

839  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 14, 2023, 01:24:16 PM
Someone fixed ChartBuddy, ty!
  Wink

 Nice gif I'm stealing it for future use  Grin

  Pro tip - the image file has to occupy less than 2.5 Mb of storage space or it wont display properly on bitcointalk (ezgif.com will optimize animated gifs for you fairlyeasily and free with no pesky no signup required) this message is approved by xhomerx10

 Viola!

 
 It's a Stiffler!
840  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 13, 2023, 08:40:32 PM
^I'll take a weekend pump any day of the week  Wink
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