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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 08, 2018, 06:00:12 PM
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If you test all possible combinations before finding a block. Best case, you immediately find it, worst case you find it on the last combination, average, you will find the block in about half the time of the maximum. But no single miner searches all possible combinations by itself and as far as I know there is no decided range of combinations tested by each pool so different pools may end up testing the same combinations. and different pools include different transactions so operate in a different search space. This means that the upper limit is a lot higher than twice the average block time. Random results do included things humans don't find random at all. 100 slow blocks in a row is less likely that 10 slow blocks in a row, but not impossible.
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 08, 2018, 04:32:29 PM
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Fuck mortgages and fuck debts. I am glad I don't have neither.
Mortgages are not that bad in moderation. I paid about half my house cash from savings (this was pre-bitcoin) and a mortgage for the rest. Interest was low since the bank didn't take much risk financing half while getting the whole house as security. I got the simplest possible type of mortgage, which was also the most flexible. I had to pay off spread over 30 years but am allowed to pay off upto 20% of the original sum per year extra to reduce my interest payments. If I would loose my job or get sick I would get a much smaller social income and could do less extra payments but could still have made my normal payments without breaking a sweat. Interest was fixed for first 7 years, I planned to pay off everything within 10 years without much effort. (Thanks to bitcoin it took even less) I see the mortgage as an investment since it allows me to buy a house sooner and stop paying rent sooner. Renting is worse than mortgages unless you plan to move around a lot. I bought a well insulated stone house that has plenty suitable roof area for solar, which is a reasonable investment if I also want to heat the house using an electric heat-pump on short winter days. That would reduce my fixed expenditures to almost nothing. Debts that do not result in some financial pay-back are generally not good and should be an emergency solution when savings turn out to be insufficient to cover unexpected expenditures. Insurance should be kept to a minimum, only things you can't realistically plan savings for, like the house burning down and medical insurance (which is mandatory but affordable here). Lottery's are voluntary taxes for people who can't do maths.
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 02, 2018, 09:26:59 PM
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It's bullshit.
The part about C++ is hilarious. The writer has learned the language from a (very short) book and never actually implemented anything serious in any programming language at all, or else he would actually have something interesting to say. Probably cheated using google to write a 5-line java-script assignments for class.
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 01, 2018, 10:20:45 PM
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This thread is numpty today. What happened? All the sane people took the weekend off?
Sane people are enjoying the end of the weekend-dip and have all insane posts on ignore. This thread is quite nice with half the posts hidden. Oh, I randomly un-ignore, everyone deserves a second (or tenth) chance, but it usually confirms my original choice very soon.
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 23, 2018, 06:58:50 PM
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So I'm thinking instead of a lambo, which let's face it is mostly about how it looks, might get a Tesla instead. The future is obviously electrical, and it's actually a practical car.
If would choose the Tesla if they where the same price, and that's for all the clever design work done on the car, not just the much more reasonable maintenance cost.
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 12, 2018, 07:55:25 PM
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Well fuck boys, this is just starting to get depressing , I'm too emotionally drained to give a fuck anymore.
This is actually very relaxing. I don't need to worry about BTFD because I'm flat out of fiat. I'm not selling below 10k so don't need to worry about that for at least a couple weeks. Invested an insignificant amount into stock just to have something to play with in the mean time. (only bothered with tsla and irdm so far, but it's quite fun, except that exchanges with trading hours are lame. I don't know a single btc exchange that isn't open 24/7.)
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 10, 2018, 06:31:44 AM
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Sounds about right. PDP-11 Power Requirements: 6kW each. They could run there banking software on a more efficient raspberry-pi using a PDP-11 simulator, but I doubt they would bother. Don't even start on the forests destroyed for making punch cards. off-topic: I'm scraping together every last fiat coin if it does another dip.
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