I did try it, but Chartbuddy was all I could see most of the time. Good to see you here again Richy. It's pretty much as anarchic as ever.
I do miss the atmosphere here. It's a bit srs bsns on the big-blocker side of the fence. I just can't frequent here on the regular in good conscience but I'll stick my head back in once in a while  |
|
|
|
Evening all.  welcome back  btc 20K yet?<<< Considering it went up 1500 while I slept last night, could be soon. |
|
|
|
Well look who the cat dragged in. Greetings.
We've missed you and Buddy. Buddy must look a lot different with today's prices.
I guess I should head over there more often and see how you, Buddy an Adam are doing. My bad.
Hopefully we're all a lot richer. Cheers.
Unfortunately, the wall observer thread over there never really caught on well and has pretty much stalled out since August. I'm considering other Chartbuddy options to keep him going but he's there more as a placeholder these days. |
|
|
|
Either unemployment skyrockets, in the worst case causing extreme poverty and eventually riots/revolution. Or everyone agrees to lower weekly working hours and shares the income like that (which also means that wages for sure need to go up). Or some sort of UBI is implemented, so no one if forced into poverty.
The problem is that humans are breeding machines. So if you pay people just to exist, you end up with a population problem which is not pleasant to have to take other means to control. The good news is that education tends to lower reproductive rates. The bad news is that if you're paying people just for breathing (and breeding), what incentive is there to get an education? |
|
|
|
Evening all. |
|
|
|
|
OK, so I went to create a second HD wallet in Mycelium which goes as easy as one could hope it would. However, when I go to create a backup, it tells me I need a PIN. Well, OK, I'll throw a PIN in there. So now, it tells me I can't create a backup within two days of changing the PIN.
I understand that there need to be some protections but this just seems screwy to me. That I can't protect my wallet against loss or damage right away? I think this needs to be thought about a little harder.
|
|
|
|
|
I don't like Segwit but this agreement is potentially bullish as it means a way forward. Hopefully the hard-fork will proceed as planned (unfortunately, it can't be guaranteed) or things will get messy.
|
|
|
|
There seems to be a pattern of weekend Bitcoin pumps developing, as opposed to the weekend dumps we used to get. I still don't understand the reason for it as no fiat gets sent to exchanges while the banks are closed over the weekend.
Perhaps on the theory that the time to buy is when there is less competition. Sure the price is rising but perhaps it would likely have risen more quickly in the week. *shrug* |
|
|
|
I suggest you learn the difference between education and intelligence.
And there you go again. I'd tell you where to stick your condescension but I think you get the idea. Can you explain how higher fees are devastating for the small miner?
A small miner will often receive his fees in small amounts meaning that to spend it, he will need to use funds from many transactions. A high fee per byte can mean those funds become unprofitable to mine (if you're not a big miner with access to cheap electricity) or even cost more to spend than their value (this is not just true for mining funds. High fees have meant a lot of Bitcoin's total value is now worth less than it would cost to spend). This is especially true for p2pool (a truly decentralized pool) where miners are paid directly from the coinbase. |
|
|
|
|
People discussing how to defraud the taxman on a public forum. *shakes head*. I hope you're all using VPNs.
|
|
|
|
Yep. But they were talking about declaring that one of the last purchased BTC (at a much higher buying price) is the one being sold. That completely ignores FIFO (First In First Out) that I supposse is a standard on most western countries. All my bitcoins were purchased about one month ago. I can show you records. I bought it from a guy in the corner of some street, I don't know where, and I can't find him anymore, but here it is in the block explorer. That's my very first one. The next one is a few days later. See, here. (pointing to a print out of blockchain.info or any other block explorer and the paper wallet in question.) I bought bitcoins because I saw it on CNN and CNBC and Fox News last month. CGT is often higher on shorter-term investments (not sure that applies here though) |
|
|
|
However does anybody here if it really will kill ASICBOOST now?
AFAIK, it's basically Core's version of Segwit with different signalling. So that would mean it would put an end to *covert* asicboost but not overt (I think). If Jihan was not using it, as claimed, that should not be a big deal. He's signed up for it either way anyway. |
|
|
|
I don't know the technical of how to fix it,
Okay... I don't know the technical of how to fix it,
but that's not important, I'm sure there are people who have a fair idea of how to do it. Do it in a way that maintains the very essence of Bitcoin. Keep it as decentralized as possible. Don't mess anything up! GIVE THE POWER BACK TO THE PEOPLE!
If that means not highening the block size, so be it. "...Well but the network fee is too high then!" well go use some other coin to pay for your coffe if it's too high.. One should use Bitcoin as a cryptocurrencies vault, from where one can send a larger amount to another wallet, which is to be used for daily purchases.
Don't close the door on the guy who has his miner in the basement. If there is no people, there is no value.
And you betray yourself with your followup. You are belittling people, many of whom have very technical backgrounds who happen to disagree with the way Core is handling things and who do not see this "decentralization" argument as more than a scare tactic. You claim you do not understand well the mechanisms then fall back on relying on authority. If you really don't understand the technicals of why people are pushing for a block size limit increase, I suggest you educate yourself but I suspect the "I'm just a simple rube" act is exactly that. And for what it's worth, high fees are devastating for the small miner. |
|
|
|
I am starting to feel like in Las Vegas now Baby needs a new pair of keys. What does that mean? Is it some sort of english joke or something? It's a mashup between a classic line referencing gambling from an old movie and the cryptographic concept of key pairs. (Edit: It appears the phrase may date back more than 100 years) |
|
|
|
I am starting to feel like in Las Vegas now Baby needs a new pair of keys. |
|
|
|
Parabolic != Exponential
And exponential always beats polynomial (parabolic) in the long run. (Though it can't be pure parabolic growth forever) |
|
|
|
If you do cash out a significant amount, the problem I see is buying property. AML laws mean solicitors in most Western countries will want to see evidence of source of funds. It is also likely to trigger suspicion, which, at least in the UK, means a SAR (Suspicious Activity Report) being filed with the NCA (National Crime Agency).
Just buy a carwash. |
|
|
|
It's possible. Every time I think it can't keep going up at this speed it goes up higher.
It might look fast but compared to some of the other rallies, it seems quite leisurely. |
|
|
|
We're here to discuss Bitcoin. Only this one sub-folder is about speculation and that's Bitcoin speculation.
You're not wrong but I don't think there was ever a time when people didn't talk their book on this thread. |
|
|
|
|
Show Posts
