Apparently reddit does not like my humor (or lack thereof).

https://www.reddit.com/r/Bitcoin/comments/96mnhp/for_those_who_bought_bitcoin_to_get_rich_my/

downvotes galore

Ethereum came as a split from the colored coin approach. With colored coins people realized that they could create assets on the Bitcoin blockchain. Each satoshi could represent a single asset (1g of gold for instance). They even implemented OP_RETURN so you could add details about the underlying asset.

One big thing many people working on colored coins ran into was the limited amount of bytes that could be used for each transaction (a lack of creativity left them wanting to fix this limitation with more bytes instead of working with second layers). The possibilities of what could be added to to each transaction if there were more space was discussed. The golden idea was to have enough room for turing complete programs on the blockchain. Vitalik took on the task of enhancing the colored coin approach on the Bitcoin network to allow for turing complete code. The Bitcoin community became excited about this Ethereum colored coin approach and put a lot of support behind it.

Then Vitalik decided to shit all over Bitcoin and everyone who had supported him up until then and take the easy way out by creating a new coin called Ethereum with a whole new blockchain that had enough room for these turing programs.

There was a reason that Bitcoin limited the size of transactions.

You don't have to attack it head on.

For decades the push by those that are enlightened was to end the Fed.

But Bitcoin offered us an alternative approach. Instead of ending the Fed, create an alternative path for people to choose instead of Federal Reserve Notes.

Same with taxation. Don't work on ending taxes in tyrannical states. Work on creating alternative paths for those that get it. Something like seasteading.

If anyone has some spare time I would love to see the trend of the price excluding these huge jumps and falls within minutes.

I think that would show the true sentiment of the market.

As suspected, Bcash was being pumped.

I don't think the rest of their btc will be able to get bcash to a sellable value. Time to start pulling out the old wallets and get what I can.

Analysis by some Wall Street analyst that was on "awesome investor list" back in 2014.

If this guy is such a great investor, did he see the bitcoin price rise coming in 2014 when he was at the top of his game? Was he advising people with his analysis to buy bitcoin?

If not this guy's outlook on the future is shit.

I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.

This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.

The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.

We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.

If the drop were due to the ETF being delayed then shitcoins would not be dropping so much. Since it's BTC getting the ETF, not shitcoins.

Don't let this distract you from the the fact that in 1966, Al Bundy scored four touchdowns in a single game while playing for the Polk High School Panthers in the 1966 city championship game versus Andrew Johnson High School, including the game-winning touchdown in the final seconds against his old nemesis, Bubba "Spare Tire" Dixon.

I can still log in.

Yes, I was doing mostly small amounts when I was in Germany. Mostly just for spending money. But I got tired of going to McDonalds almost every day or driving all over the place during my off hours just to get 50-100 euro. So this guy wanted 50k euro worth, I told I'd do 20k but upped it to 30k because I decided I'd just do this one sale and I'd have enough euro for a few years in Germany with no more driving all over the place to wait for people to show up (or not show up).

The guy that robbed me came at one time and we did 5k. Went smoothly so I was comfortable with a larger amount.


German law kinda pushed me into larger amounts. By banning LBC in Germany the response was to just freeze everyone's current advertisements. Which was in its early days. Which meant that my ad making 15% on each trade was the only one in my area.

It's really hard to turn away an almost instant 15% profit.

The team was professional, 4-5 people. While one distracted me, another came up from behind and not only did he pick pocket the money from my pocket, he replaced it with a counterfeit stack the same size.
So while my hand was off of the stack of bills for maybe 30 seconds, it was replaced very quickly. The McDonalds was across the street from a police station, I was confident that I had the money in my pocket as I walked across the street to the police station parking lot where I parked. Then changed up my route on my drive home.
It wasn't until I was safe at home that I pulled out the money and saw that it was all fake (I had verified the money was real before putting it in my pocket and releasing the coins).

Boring old story that is all too common.

Boy meets eastern european LBC customer at McDonalds. Eastern european cartel coordinates to steal 85 BTC from boy.

Boy warns people on LBC forum.

German stazi reads about such a large sum being transacted by boy.

German stazi show up at boy's house a week later at 5AM and take all of his shit.

Boy hires a lawyer.

Boy gets his shit back (a year later after having replaced all of his shit so now it's useless).



New story from localbitcoins.

My gf is now selling BTC on localbitcoins in Thailand.

Apparently some Nigerian scammer went after some old Thai lady. He had the lady deposit money into 10 different accounts on 17 different occassions. 3 of those occasions was to my gf's account when the Nigerian used it to buy bitcoins.

Now the police froze her account while they investigate.

I'm just trying to figure out what scam would convince someone to deposit money into so many different accounts so many times.

Throughout the last year I was told how "lucky" I was to have so many bitcoins. They wished they got in so "early" like me, that they were not so "lucky".

Think of all of the people selling right now. Think of all of the people buying right now. The people selling are doing something easy. The people buying are doing something hard.

Holding BTC right now is hard, it's not easy. When you do something that is hard and are rewarded, that is not luck. That is a reward that is earned.

I have earned every bit of what I have, and then some, having been through these tough times several times and not buckled.

I am not lucky. I am strong.

Group picking up the Finding Satoshi story and trying to make it reality.

https://bcfocus.com/news/finding-satoshi-nakamoto-team-of-private-detectives-to-set-out-on-a-global-quest-for-bitcoin-daddy/20809/

Gentlemen. It's been a pleasure.

Well, I brought a young Romanian lady with me so she enjoyed the pool and the drinks. I enjoyed her in her swimsuit and the nice Jacuzzi tub in the room (among other things).

Chinese also do not understand the concept of queues. I guess with so many people they needed to figure out how to push their way forward in very limited space. At the immigration line in Thailand me and another large westerner had to play defense against these people trying to sneak past. It was futile.

Ron Paul was on National TV at prime time speaking truth to power and the spin was that "he's crazy, don't listen to him".

Do not underestimate the ability of the propaganda machine to cover the truth, even if it is broadcast briefly on their networks.

I did a week at an all inclusive resort in Antalya a few years back. Turkey is like the Mexico of Europe in that regard.

Everything was as a 5 star resort should be. Except the dominance of Russians who would wake up at 6AM to put their towel on the open chairs by the pool. My capitalist ass didn't have a chance against the former communists who knew best how to take advantage of limited free resources.