"#bitcoin's game theory where it's always cheaper to mine honest blocks for rewards instead of 51% attack, only works with rational thinkers...As millions of dollars have been burnt fighting between two forks of a fork of bitcoin have shown. Crazy breaks the checks and balances."
Don't get short term incentives mixed up with long term incentives. In other words, bitcoin has so much hashing power thrown at it, that it takes way more money to attack it than to play fairly. Surely, there could be another test of bitcoin in terms of billions of dollars thrown at a hashing war, but let us see how long such a war would be sustained, if it were to occur, when the users are not going to accept or recognize such. Similar threats were made in 2017 regarding assertions that mining power rules the bitcoin world, and it seems those assertions were shown to be untrue in actual practice... even if you believe miners are going to gang up or get sufficient mining power to sustain a 51% attack, even for several months, and they threaten to do it, we have to see whether the rubber will actually hit the road and they will do it, and we will have to see if bitcoin users go over to that take over chain. The thing is those theories only apply in a certain set of circumstances. For example, it was never intended to apply to minority forks or altcoins using an algo in which Bitcoin is king. All those are completely vulnerable to a 51% attack. They shouldn't even exist but were artificially allowed to because of.... reasons. 51% attacking Bitcoin? Well, you couldn't rent enough hash to do it so it would need to be done by the very same miners that make a living out of it. And yes, for those the rule that attacking it instead of honestly working on it clearly applies. Current Bcash shenanigans do not contradict, but in fact confirm the theories..... and they haven't even really started attacking each other yet. |
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No more buy the fucking dip?
At present would you not be buying yourself a fucking instead of a dip? The dips have fucked me instead. |
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No one is fucking buying? No more buy the fucking dip? No more bitcoin on the cheap?
Mmhhhh.....
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Almost in the $3k's. There goes my crack speculation reputation again.
At least we have our nice Hats... oh wait |
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A stellar is much more interesting than a project than a bitcoin fork. A stellar team does a lot for its investors and its community. For stellar future.
Any "original" shitcoin is much more interesting than YASBF* (*) Yet Another Shitty Bitcoin Fork |
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Let's look at the good news, only 78 million in market cap till the flippening  But on the serious side, I've never thought they could crush their own coin by themselves, I've always thought it was going to be a long process and the coin slowly dying over years. PS. I know marketcap it's an irrelevant indicator but we're talking about a coin who has ceased to be relevant in the crypto world. Either it is the most stupid thing ever... or they shorted the market big time scamming all their "followers". Dumb or evil... your pick. I pick both. |
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Not me. I just feel like shit. Will get better if/when that rally comes though.
Hey, you shouldn't feel so bad. You're still on the rollercoaster unlike those guys who got their asses liquidated on margin. I'd probably forget about prices for a while and make hay while the sun shines (easier said that done when you've had a kick in the goolies, I know). Yeah I know. Could be much worse. But still I am not in a positive mood to see any upcoming rally at this time. Yes, if the crypto winter lasts for much longer I will temporarily move onto other things just as I did during the last one and come back when I see the first signs of life again. In fact it is easier to hold when you simply don't think much (or at all) about it. Sooner or later we will be certain that the bottom is truly in... Hope it is not too far from here. |
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does anyone else feel like a rally is incomimg soon?
Not me. I just feel like shit. Will get better if/when that rally comes though. |
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Yea, I typed maybe it was a typo about the date he used. Or maybe he just made that part up to try and sound important when he's not. Regardless, pretty obvious govt wants to use craptocurrency as an enslavement device.
Well, you edited that later in your post. Strange why your previous post isn't showing the "edited" status. Oh well, sorry, not going to read it. Come up with a more reliable author next time. I have read somewhere something about a grace period of time (7 minutes?) in which edits are not considered edits and do not record as such. I donno why you try to argue with r0ach. It's pointless. |
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did you notice gap between stamp and finex is narrowing.? it just dropped below $100 for a moment. something is going on under the surface
That happens any time USDT approaches $ parity. Which use to happen when enough people sells crypto with the intention to rebuy later (or else they would go to fiat withdrawal). Also arbitrage and all... donno, I don't see a move significant enough to be suspicious. |
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I can smell the desperation in these trolls. They probably shorted the bottom when we broke under $4200 and are now trying to close their positions.
what did BTC break under 4200$. shit I missed it. on poloniex the bottum was 4300 usdt. We use Bitstamp here as a reference. Not bogus and highly questionable USDT exchanges. |
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And... whatever the impact was, it was only a few months bubble. That's it. A very short term one time fad. An exaggerated anomaly. |
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when we get on the other side of this I'm not sure what I will appreciate more; the higher price, or all the noob trolls going back into hibernation
What if...the bulls are the noob trolls? Wait...that was already proven to be true when they've all said the same nonsense since $20,000. What nonsense..........? It's r0ach, dude..... |
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I have no family, I have few friends, and I'm going broke from holding btc and eth, soon to be homeless. Great holiday.
All I wanted to do is buy a small house, already lost 150k which would of been enough. On the verge of suicide if it keeps dropping.
You lost 150k of money you invested in crypto or you mean from unrealised profits at ATH? If it is the second, many are in the same situation (or much worse), if it is the first option, my condolences  Noone ever said crypto wasn't as much a risky investment as it can be. It is, it has been, and probably it will still be for quite some time in the future. "my condolences" are trying to say that BTC is dying. don't tell me that proffaustus is rigth. If I thought that BTC is "dying" I would sold. I am not. What I am saying is that it has always been an extremely risky investment and that shit happens. If someone thinks some investment can only go to "moon" with a zero probability of going to hell they are fooling themselves. But do you really think someone could invest more than 150k if he did not have more than 1500k? Some have. I could cite at least a couple in this very same thread that probably did. Not a wise thing to do though even if it paid off awesomely for them. Risky investments should only be done with "money you can afford to lose". That's a mantra no one should forget or else they are just gambling not investing. |
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Happy thanksgiving everyone that celebrates it!
And happy day and much enjoyment for all the rest!
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I have no family, I have few friends, and I'm going broke from holding btc and eth, soon to be homeless. Great holiday.
All I wanted to do is buy a small house, already lost 150k which would of been enough. On the verge of suicide if it keeps dropping.
You lost 150k of money you invested in crypto or you mean from unrealised profits at ATH? If it is the second, many are in the same situation (or much worse), if it is the first option, my condolences Noone ever said crypto wasn't as much a risky investment as it can be. It is, it has been, and probably it will still be for quite some time in the future. "my condolences" are trying to say that BTC is dying. don't tell me that proffaustus is rigth. If I thought that BTC is "dying" I would sold. I am not. What I am saying is that it has always been an extremely risky investment and that shit happens. If someone thinks some investment can only go to "moon" with a zero probability of going to hell they are fooling themselves. |
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I have no family, I have few friends, and I'm going broke from holding btc and eth, soon to be homeless. Great holiday.
All I wanted to do is buy a small house, already lost 150k which would of been enough. On the verge of suicide if it keeps dropping.
You lost 150k of money you invested in crypto or you mean from unrealised profits at ATH? If it is the second, many are in the same situation (or much worse), if it is the first option, my condolences Noone ever said crypto wasn't as much a risky investment as it can be. It is, it has been, and probably it will still be for quite some time in the future. |
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I've demoted myself again.  Is this your bullish account now?  I just can't see them digging this hole any deeper. Everyone and his mother (and the dog face guy) are clamouring for $3k. I just can't see it. Then maybe it is time to take the major out of the crypt (no pun intended). |
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I've demoted myself again. Is this your bullish account now? |
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