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What an bad idea, Macsga.
For a start:
mmitech (started out a bull, lost money, saw the light and told people they were being stupid and turned out to be correct ...BTC still going down).
ShroomsKit (a number of people used the same account -- they even admitted this was why the posts sounded schizophrenic -- but essentially they all got fed up with losing money)
fonzie (a day trader who made countless good calls about future BTC prices, including Ristos -- all hail Risto -- prediction thread, when he called 200 in mArch 2015, while the rest of you delusionals were talking about 10K)
So, it does seem you are just creating a hit list of people who don't share your opinion.
Of course, there are loads of trolls these days, but is it any wonder when the cultists are becoming more and more extreme in the face of mounting evidence BTC is going nowhere, supply far exceeds demand and the only hope is that "big money" comes in to manipulate the market before another huge 'correction'.
The entire forum is now like an internet slow motion car crash, with people like yourself in the back seat insisting everything is fine while everyone else watches from the safety of the sidewalk. Do you think Theymos cares? The traffic is probably through the roof with all the rubber-neckers and he gets to make a few last dollars from BTC.
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Keep in mind, and I'm not saying this is the case here: there is always the chance that high profile accounts are hijacked, bought or otherwise used to orchestrate a specific opinion. Echoing the OP by fresh accounts can serve as further indicator. If there is any suspicion, it may help to compare the sentiment of the message with post histories, to spot irregularities.
Yeah, its gotta be some sort of collusion/plot/troll army -- it couldn't possibly be a genuine post that claims what most people have already figured out....Bitcoin supply is way outstripping demand. |
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You boys need to go and play in the fresh air for a while.
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Wow,...I can't believe Chessnut is still around doling out pseudo-science predictions. SOme people are just shameless.
Remember Ristos prediction thread...he was a couple of thousand dollars out.
He spent months on the WallObserver in early 2014 predicting another bubble before he had to slink off when it was clear he was talking rubbish.
He posts on Trading View and has the same accuracy as a stopped clock.
He's a kid playing at being a stock-wiz...when he says he's being doing this for five years, he means since he studied it at high school.
Ask yourself this....he has been bullish on BTC for over a year (we are always about to "shoot up"); so if he is so good at EW and predicting the market, how has he managed to consistently miss the longest bear market in BTC existence?
He's either:
a) not very good
b) disingenuous
c) thinks that 'good' advice' means always being positive.
For me a mix of a and c but I'm soft-hearted.
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Just when you thought this thread (and therefore crypto itself) couldn't get any sillier -- along comes some Germans with some diagrams. Oh, the post-modern irony of it all.  |
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if the need presents itself the more probable outcome would be to change the hashing algorithm use cpu's and kill all asic behemoths and adjust the difficulty to the new hardware scale than what Jorge suggest.
You cannot kill a cryptocurrency, remember?  If the idealists do as above, there will be a "rebel bitcoin" with a tiny mining network, and the "cartel's bitcoin", with all the old hashpower (since the ASIC miners would not have other choice than to mine it). Guess which one will keep most of the value of the original bitcoins. It is like the Captain "defeating" a mutiny by taking off alone in a small lifeboat, and declaring it to be the real ship. Moreover, even the rebels will still have their coins waiting for them on the cartel's chain; so why would they not sell and trade them? Ignoring those coins would be their loss, not the cartel's.  you forget that they would instantly have over 51% of the network closer to 100%  and there would be no confidence as to the transactions integrity. BTW what I stated was the outcome to a real proposal if the odd chance that the present mining algorithm would have been compromised via a back door. In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless. I don't understand the first paragraph. Yes, the rebels will control 100% of their puny all-CPU network (which the cartel could probably squash by renting some could computing for a couple million dollars, if it cared to). But 100% of the old hashpower will be mining the cartel's 25 M chain, just as before the fork; and the rebels cannot do anything against them. Each client would have to either upgrade to the cartel's software, or upgrade to the rebel's software (or to both, after cloning the wallet); clients who keep the original software will be unable to use their coins. Yes, this is called "Red Button plan" or something like that. It is not a defense, or even a deterrent like the nuclear mutually assured destruction; it is just a ridiculous form of suicide. In other words. If the conditions present themselves the btc blockchain network and participants will make the most prudent choice that will have majority consensus. No one given the option would eat spoiled food or in this case trade on a defunct chain.
The problem is that power is asymmetric: a small group of miners can block the network and hold all users' coins hostage, whereas no group of users can stop the miners from doing it without hurting themselves a lot more. According to the attack plan outlined (which is just one possibility), the 21 M chain would become defunct immediately after the fork, while the 25 M chain would continue working without a glitch. Exchanges that would fail to move over would cause panic in the ALT coin space as exchanges would not know as to the authenticity of the BTC being traded for alts effectively making alts valueless.
There would be no confusion, because any exchange that fails to switch will have its wallets frozen and all BTC deposits and withdrawals blocked. The coins that are inside the exchanges can be traded normally, because the trades do not involve the blockchain. When the exchange switches to the 25 M chain, it will find its hot and cold wallets waiting there, and it will be able to execute withdrawals in that chain. Clients then will have to upgrade in order to use the coins withdrawn. If the attack succeeds, life will continue in the 25 M chain almost as if there had been no fork. If the attack fails, and all miners go back to the 21 M chain, people will be able to use that chain again, but their accounts will be reset to the pre-fork state. Thus, any payments made using the 25 M chain will be cancelled, and there will be real losses (like the double spend against OKPay in the 2013 fork). This will be another reason why most everybody will want the attack to succeed, once it has been sustained for a day or so and enough people have used the 25 M chain. There is a third possible outcome: the cartel stops jamming the 21 M chain (e..g because of defections, or "hero miners" coming to the rescue), but only part of the miners go back to it. In that case the two versions of bitcoin will remain viable; each copy of one's coins can be spent or moved independently of the other copy. The original price should also split between the two, and the miners will migrate between the chains until either alternative is just as lucrative to mine as the other. (I wonder if they can be merge-mined?) Setting out rational arguments is going to get you a whole heap of love Jorge. |
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ETA on next major rally?   is this confirmed?  I can confirm that it is just a GIF image, so... Confirmed |
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i suppose i am not really interested in deciphering emoticons.
Too busy being supercilious? |
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I for one do not want to live in a zoo. I prefer the jungle.
LOL. You wouldn't last 5 minutes in the jungle, fireman. |
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I guess I'll give you points for being consistent: you're probably not simply 'anti Bitcoin', but against the larger development of excessive 'financialization' (through financial derivatives), right?
You bet. Money is not real wealth, it is just a token that one can exchange for real wealth things and stuff. Real wealth is something that most of the "intellectual powerhouses" here will never understand or have; they are too busy obsessing over accumulating stuff and things, measuring themselves against illusions and performing in a loaded game. |
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probably last time we will see sub-230 ... ever.
looks like retrace is over and a slow climb back to 280-300
Remember kids...the cultists are clueless. |
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It's just the author speculating wildly. Google already decided against supporting Bitcoin for Google Wallet, so it's very unlikely that they will support it for similar systems.
Indeed, more amateur hour reporting in BTCland. |
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so the scam was..
give me money and i will mine bitcoin for you...
ran off with money...
bitcoin never got mined...
-> there will be no dump
This essentially has nothing to do with Bitcoin. The equivalent of someone creating random wealth management ponzi and switching "trading performance" for "mining revenues" as a wealth generation/redistribution mechanism. Of course suckers at the bottom paid the bills for the ones at the top. No actual Bitcoiner was hurt in this experiment could have been the exact same scam with rare metals or whatever But it wasn't...because rare earths don't attract scammers, crooks and con artists at quite the same level as BTC. Another nail. |
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Remember kids... the price doesn't matter, bad news doesn't matter, China doesn't matter. Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO. Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.
BillyJoeAllenRedneck firefighter who can't spell his own home state correctly
And of course even those with an education are wrong, wrong, wrong. So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry. |
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Hilarious catching up on this thread.
Everytime the price creeps up the cultists come out and proclaim a new era of monetarism; when it drops they shuffle back in their caves muttering how the price "doesn't actually matter".
Comedy gold..."its the new money".
Same can be said in reverse with the bear cultists... whats your point? What on earth is a 'bear cultist'...it makes no sense. I don't subscribe to any this bull/bear dualist view of BTC or indeed anything. However, the cultists are, by definition, those who blindly believe, without questioning the unfolding evidence, and insist BTC will be worth 10K (etc), replace all other currencies and solve world conflict. It would be quite sad if it wasn't for the fact most of them are arrogant, UScentric, wannabe rebels who dismiss other people's views out of hand; people like MoA make me sick, he wants the world to change to fit his own specific vision but doesn't want to engage with any contrary views because he contributed to a thread four years ago where everyone convinced each other BTC would succeed. The whole BTC ecosystem is full of crazies like him whose (often complex and highly convincing) ramblings are actually creating a host of social and economic problems. |
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Hilarious catching up on this thread.
Everytime the price creeps up the cultists come out and proclaim a new era of monetarism; when it drops they shuffle back in their caves muttering how the price "doesn't actually matter".
Comedy gold..."its the new money".
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Why is the price going down?
One green candle on the 1w charts...is this all we get?
Bitcoin cannot be truly going up until the 1w charts say so....get with it people!
Some serious shit is going down but a lot of people just don't want to admit it.
+1 |
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Fuck sake... should I buy a little (you know for savings not trading) looks like its a steady rise?
Why didnt you buy when it was $150's last week. Now it is up 60% from then why bother when next week it will be at $75 That high? |
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Everyone, I present to you: Altcoin trolls. Finally migrated here. This is the final nail in the coffin for this thread and possibly forum. Goodnight, sweet.
This thread is fine. I see no trolls. Congrats...you win today's most hilarious post award. You win a deflated (and unwashed) fitball once used by M Karpeles.* *Your prize may take the same time to reach you as it does for BTC adoption to take place. |
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there are far too many trolls acquiring hero status these days!
I don't know who 80% of these people are but they mostly appear to be psychotic; most of cultists seem to have found treatment, although I do worry for JustusRanvier if he is still insisting in getting paid in BTC -- that's gotta hurt. |
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