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Merits are abused
In the Wall Observer thread
Don't like it? Fuck you!
Nice to see the Bob
We all used to read and love
Strictly no homo.
Trolls came out to feed
But the only thing they'll get
Is green, long and thick!
#haiku
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Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.
Co mf ormed. --- "faffing" New word for me, thanks hon. |
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ICOs, DeFis, Vegetas, and flat earthers...
What's the world coming to?
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Nice one, Tone. I don't like his $1k/BTC predictions, but respect to him for not being a DeFi whore. |
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[...]
I am the worst trader in the world and I do recognize it now.
[...]
Almost every trader is the worst trader in the world. The rest are just lucky. Don't trade, just HoDL. |
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Seems someone's getting desperate to justify his shitcoin collection
I think that those coins always attracted the ones with more greed than common sense. For me, the mere thought of Craig Wright & Calvin Ayre being the central figures behind BCH & BSV, raises so many red flags that I don't want to be anywhere near those "cloins". I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC. ... 10k € seems to be a tough nut to crack... It does seem that my prediction of $13k/BTC by the end of 2020 may (sadly) hold true... Come on, Bitcoin, prove me wrong! Will merit this post when replenished..... BUT, not for the prediction.... but I will for the new word cloin 🙃 Thanks man. Yeah, I started typing "clone-coin", and then it came to me: Cloin !!!It combines the words "clone" and "clown", both or which are perfectly suited for the jokers Wright & Ayre. |
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Seems someone's getting desperate to justify his shitcoin collection
I think that those coins always attracted the ones with more greed than common sense. For me, the mere thought of Craig Wright & Calvin Ayre being the central figures behind BCH & BSV, raises so many red flags that I don't want to be anywhere near those "cloins". I must acknowledge, however, that those "cloins" helped me raise my stash by a few BTC. ... 10k € seems to be a tough nut to crack... It does seem that my prediction of $13k/BTC by the end of 2020 may (sadly) hold true... Come on, Bitcoin, prove me wrong! |
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€ 10k will be a barrier. It has been a hard one to break in the past. It’s sitting at €9910 right now, I expect a slowing down of this nice little pump. I would be happy to be wrong.
observing €9966 currently. €10k was indeed a barrier for all of August. checking the daily candles (bitstamp) price tried to go above €10k about 18 times in August with only 2 meaningful closes above that barrier. (but always got rejected next day) let´s see if September will perform better. maybe even today? closing above and opening above €10k for a few days in a row would be a very bullish sign. Yes, that's true. We saw it in all of August. As much as people want to focus on USD, Euro-land's EUR is powerful enough to disrupt the upward movement of BTC. And those nice, round numbers, like 10k/15k/20k €, etc., will always be larger-than-usual steps to climb. But, as always, Honey Badger don't care. HoDL. |
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Now again we are on $11700 I call that a Reverse Bart. a.k.a., a Trab !!! |
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I'm no Crypto CEO, but I stand by my earlier, very conservative (near-bearish) predictions for 2020/2021: 2020 (Halving): $8500
2020 (EOY): $13,000 <-- Predicted
2021 (Q4): $30,000 <-- Predicted
I will be so happy to be proven wrong though... |
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My Ignore list is empty. And always will be.
...
I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.
That's pretty open-minded of you. I occasionally like to read posts from the Gambling section while in search of knowledge and there's often too much spam that impedes my ability to find the juicy info for which I am looking. This makes maintaining an ignore list a must as sometimes you just know that 99 times out 100 a certain account is going to write something not worth reading. I may miss out on some mildly interesting info from time to time, but that's the price to be paid for expediency. About a year ago, I copy/pasted a huge Ignore list of mostly sig spammers, tweaking it to my specifications over the months, and it has grown in size to the point where I can no longer open the Ignore List settings in my Profile, LOL. The only way I'll be able to access it again is by manually unignoring at least 50 to 100 users as I come across them, and I don't think that's happening any time soon. I have only a handful of WO posters on Ignore, and for the most part they stopped posting here, so it works out. That makes sense. Fortunately, WO is a pretty clean thread, so there aren't many users to ignore. Also, it would help if the forum engine would completely remove (i.e., not show at all) the presence of an ignored user's post. The way it does it (i.e., showing the nickname and post header, followed by the text "This user is currently ignored.") is just too tempting for the reader to momentarily unignore the user and peek into his/her post, which kind of negates the usefulness of an Ignore list. |
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My Ignore list is empty. And always will be. It had r0ach in it once, and a couple of other users too, but I found that I occasionally unignored them to see what they were posting (yes, even r0ach), which negated the use of an Ignore list...
I do have an Ignore list, but it resides in my brain, and, combined with the scroll wheel of my mouse, lets me skip through the posts that don't interest me, while at the same time being able to peek for something important in them.
Having an Ignore list in BitcoinTalk is hard-limiting myself to the information posted, and letting a robot decide what I read or not read. I prefer to be exposed to everything and filter it out on-the-fly, on the basis of what is being said, not on the basis of who says it.
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We often speak of Bitcoin mooning and I sometimes wonder how managing an enormous newfound wealth might inevitably impact my life and mental state. A slippery slope no doubt
Yeah, this is a valid concern for many of us... I've heard of people who won the Lottery (several $M) and two years later they were penniless and owing to banks... I think it's up to the individual, his character and attitude towards life. Personally, I feel it won't change me or affect my mental state etc., but no one really knows until he gets into that "fuck you rich" state. We'll know soon enough.  |
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Problem is that's not a source. There are plenty of famous misquotes that get bandied around, yet when we look for the actual origin, we're left empty-handed, e.g. "640k ought to be enough for anyone", "let them eat cake" etc. Just Google it. The link I posted is from a well-respected science and technology magazine. What is surprising is that there were birds flying in 1895 (and much earlier). It does seem strange that Lord Kelvin stated the above quote. But I also doubt that New Scientist would misquote Lord Kelvin... Another related link, from Wolfram Research (another well-respected source). Also worth mentioning "Clarke’s Law": "When a distinguished but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong." — Arthur C. Clarke Source: New Scientist — Clarke's Three Laws |
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"I can state flatly that heavier than air flying machines are impossible."
— Lord Kelvin, 1895
No source? "Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".
-Bruce Schneier
"I can state flatly that heavier than air flying machines are impossible." — Lord Kelvin, 1895 Brute force, so checking every combination, makes some pretty easily verifiable claims. If you build a supercomputer that occupies a space of only 1 cubic centimetre, that can brute force 1 trillion keys a second, and cover the entire earths surface with these computers, the Sun will swallow the Earth, before you have time to search the whole 256 bit key space. I have also seen other calculations that information represented as its absolute minimum energy in the laws of physics, that there is not enough energy in the Sun to search a 256 bit key space either. These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. So these Laws of Thermodynamics will have to be broken first. I would very much like to see the proof regarding the necessity of the Laws of Thermodynamics to be broken in order to brute force a 256-bit key. Is there any link of such proof? I'm a bit concerned about the use of energy to do the calculations. <snip by Bruce Schneier page 157 (I am looking at my 2nd edition here): One of the consequences of the second law of thermodynamics is that a certain amount of energy is necessary to represent information. To record a single bit by changing the state of a system requires an amount of energy no less than kT, where T is the absolute temperature of the system and k is the Boltzman constant. (Stick with me; the physics lesson is almost over.)
Given that k = 1.38×10-16 erg/°Kelvin, and that the ambient temperature of the universe is 3.2°Kelvin, an ideal computer running at 3.2°K would consume 4.4×10-16 ergs every time it set or cleared a bit. To run a computer any colder than the cosmic background radiation would require extra energy to run a heat pump.
Now, the annual energy output of our sun is about 1.21×1041 ergs. This is enough to power about 2.7×1056 single bit changes on our ideal computer; enough state changes to put a 187-bit counter through all its values. If we built a Dyson sphere around the sun and captured all its energy for 32 years, without any loss, we could power a computer to count up to 2192. Of course, it wouldn't have the energy left over to perform any useful calculations with this counter.
But that's just one star, and a measly one at that. A typical supernova releases something like 1051 ergs. (About a hundred times as much energy would be released in the form of neutrinos, but let them go for now.) If all of this energy could be channeled into a single orgy of computation, a 219-bit counter could be cycled through all of its states.
These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. And they strongly imply that brute-force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space.
He does quote this paragraph quite often, for example here: https://www.schneier.com/blog/archives/2009/09/the_doghouse_cr.html Many thanks for this. Very interesting and reassuring for our cryptography. The problem comes when you remove the words "brute force", in which case the situation is far from reassuring. In any case, and no matter how certain we may think we are about anything, we must keep an open mind about what may be possible in the future. |
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"I can state flatly that heavier than air flying machines are impossible."
— Lord Kelvin, 1895
No source? "Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".
-Bruce Schneier
"I can state flatly that heavier than air flying machines are impossible." — Lord Kelvin, 1895 Brute force, so checking every combination, makes some pretty easily verifiable claims. If you build a supercomputer that occupies a space of only 1 cubic centimetre, that can brute force 1 trillion keys a second, and cover the entire earths surface with these computers, the Sun will swallow the Earth, before you have time to search the whole 256 bit key space. I have also seen other calculations that information represented as its absolute minimum energy in the laws of physics, that there is not enough energy in the Sun to search a 256 bit key space either. These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. So these Laws of Thermodynamics will have to be broken first. I would very much like to see the proof regarding the necessity of the Laws of Thermodynamics to be broken in order to brute force a 256-bit key. Is there any link of such proof? I'm a bit concerned about the use of energy to do the calculations. In any case: First... Then came Newton, Then came Einstein, Then came Quantum Mechanics, Then... |
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"Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".
-Bruce Schneier
"I can state flatly that heavier than air flying machines are impossible." — Lord Kelvin, 1895 |
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Congrats d_eddie
Wel deserved WO-Legendary brother
Nice one eddie, and the meriters  Life begins at Legendary  I start to feel the sweet weight of legend leaning on my shoulders. El duderino_ and JSRAW really pushed me hard through the last mile. Never got so many merits in so little time  Thanks my friends! Karatma is right a fund for legendaries! Where's my 2.1? #haikuCongrats d_eddie! I didn't notice you were so close, or else I would have sent some merits your way too. Very busy IRL lately, can barely keep up with all the WO posts... Well deserved! |
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About spending some of your corn now...
The only two things I've bought with my corn are my Trezor (soon to become the most expensive h/w wallet in the world -- excluding the coins in it), and a site subscription (fortunately only paid once).
Whenever I think of spending some of my corn, I think of Laszlo's pizza story...at which point I log out of my wallets and order two double pepperonis using fiat. Somehow the pizzas taste better that way...
GTCTTWW.
HoDL.
But does your spending really count, AlcoHoDL? I bet that you really spent and replaced... those lilly corns, AmiNOTkoreck? I am thinking further.. not specifically about you, AlcoHoDL, but maybe none of us really ever arrives at any kind of perfect "fuck you" status? We are all just fuck you status wannabes?  I might be exaggerating a bit because even if none of us would reach a kind of dictator of an island status, but there are graduation of options within fuck you status, too. Remember mindrust said something like, "who needs to be rich anyhow, these days?" The world is fucked with a virus and multiple travel and consumption restrictions, so where you going to spend all of that "on paper" wealth? In other words, to some extent mindrust was proclaiming that there might not be any value in being wealthy. Ok.. we do not need to go that far (such as mindrust) in our thinking to realize that wealth is still going to give more options than if NOT having wealth, right? Don't get me wrong, because I am also NOT suggesting that guys have to reach some extremely exorbitant level of wealth before they can either pull a kind of fuck you lever or to proclaim that they are in a kind of fuck you status, even if they choose to continue to work (hopefully as something that they really want to do rather than have to do). Let's say that a guy is not really going to feel comfortable with achieving fuck you status until the value of all of his potentially income producing assets (or quasi-liquid) assets are securely in thee $2million of total value region (for a presumably $6,667 per month passive income). Of course, he could diversify out of corn.. or he can keep a decent chunk in corn, but try to consider what the BTC bottom might be? Recently, haven't we had been using the 200 week moving average as a kind of bottom for the BTC price, which would be around $6,500, currently. So, yeah if $2million is your fuck you status level, you better have 307.7 BTC or the equivalent of that in BTC and other assets (considering what the bottoms of those other assets might be, too). A question might be whether $2million is really the necessary minimum or would such fuck you status wannabe peep be able to be o.k. with $1million.. which yeah, is half the quantity of expected passive income of $3,333 rather than $6,667 per month. We should be capable of figuring out these kinds of things for our lil selfies, including having a financial/psychological cushion that is NOT too unreasonable that will still allow us to pull the "fuck you" lever at a time in our lives that we should be able to still enjoy it while trying to appreciate what real world factors we are dealing with, including known, unknowns and unknown unknowns. Okay if two million in btc is f u status you need three million not 2. if you cash the 3 and pay tax ending up with 2 million in cash gives me 33 years at 6666.66 a month. Now if I did all of the above and btc goes to 50k a coin I would never be happy I cashed in the three million in coin or about 290 coins. If I was looking to cash 290 coins. I would need at least 210 more to hodl. Now the numbers above mean I need 500 coins . I am 63 if you are younger add 9 coins for each year you are younger. I e 63 you need 500. cash 290 62 you need 509. cash 295 61 you need 518 cash 300 most people here dont have that much coin. In good time, philipma1957, in good time. Soon, you won't have to have that many coins to achieve what you want. That's the beauty of Bitcoin. Year by year, the same amount of BTC buys you MOAR things. So, for the same things you need less BTC. |
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About spending some of your corn now...
The only two things I've bought with my corn are my Trezor (soon to become the most expensive h/w wallet in the world -- excluding the coins in it), and a site subscription (fortunately only paid once).
Whenever I think of spending some of my corn, I think of Laszlo's pizza story...at which point I log out of my wallets and order two double pepperonis using fiat. Somehow the pizzas taste better that way...
GTCTTWW.
HoDL.
But does your spending really count, AlcoHoDL? I bet that you really spent and replaced... those lilly corns, AmiNOTkoreck? I am thinking further.. not specifically about you, AlcoHoDL, but maybe none of us really ever arrives at any kind of perfect "fuck you" status? We are all just fuck you status wannabes? I might be exaggerating a bit because even if none of us would reach a kind of dictator of an island status, but there are graduation of options within fuck you status, too. Remember mindrust said something like, "who needs to be rich anyhow, these days?" The world is fucked with a virus and multiple travel and consumption restrictions, so where you going to spend all of that "on paper" wealth? In other words, to some extent mindrust was proclaiming that there might not be any value in being wealthy. Ok.. we do not need to go that far (such as mindrust) in our thinking to realize that wealth is still going to give more options than if NOT having wealth, right? Don't get me wrong, because I am also NOT suggesting that guys have to reach some extremely exorbitant level of wealth before they can either pull a kind of fuck you lever or to proclaim that they are in a kind of fuck you status, even if they choose to continue to work (hopefully as something that they really want to do rather than have to do). Let's say that a guy is not really going to feel comfortable with achieving fuck you status until the value of all of his potentially income producing assets (or quasi-liquid) assets are securely in thee $2million of total value region (for a presumably $6,667 per month passive income). Of course, he could diversify out of corn.. or he can keep a decent chunk in corn, but try to consider what the BTC bottom might be? Recently, haven't we had been using the 200 week moving average as a kind of bottom for the BTC price, which would be around $6,500, currently. So, yeah if $2million is your fuck you status level, you better have 307.7 BTC or the equivalent of that in BTC and other assets (considering what the bottoms of those other assets might be, too). A question might be whether $2million is really the necessary minimum or would such fuck you status wannabe peep be able to be o.k. with $1million.. which yeah, is half the quantity of expected passive income of $3,333 rather than $6,667 per month. We should be capable of figuring out these kinds of things for our lil selfies, including having a financial/psychological cushion that is NOT too unreasonable that will still allow us to pull the "fuck you" lever at a time in our lives that we should be able to still enjoy it while trying to appreciate what real world factors we are dealing with, including known, unknowns and unknown unknowns. Well, I didn't replace my spent BTC. Not specifically for those purchases. But I did purchase several coins since then, so, technically, I did replace them. But you know what I mean... mindrust said a lot of things. It's easy to go all philosophical with comments like "who needs to be rich anyhow, these days?" So, I'm asking you, mindrust, why have you made those other investments? After all, "who needs to be rich anyhow, these days?" Fuck you! I think mindrust has crossed the line of sanity and has entered the first stage of his transformation into a r0ach-like entity. I don't think there is much hope for him, other than BTC dropping below the price point he sold, so that he has a chance to rebuy, which he probably won't take due to ego taking over his mind. OTOH, if Bitcoin keeps rising and enters 6 digits (i.e., in a few years' time), many bears and weak hands, not only mindrust, will have to suffer a miserable existence, knowing that they were in the rocket and got off. Willingly. By choice. A once-in-a-lifetime chance wasted. Fuck-you rich. Will we ever reach that status? Probably not. But possibly yes! Those coins we have may end up being valued at million dollars each. So, even double (dare I say, single) digits may take us to that state of being able to say a loud "FUCK YOU" to anyone we want, without worrying about consequences or caring about reactions. Kind of like "El Duderino" mode on steroids. BTW, I really like it when I see those $3,333 and $6,667 numbers in your posts. Most people would just type $6,666, but you took care of that extra one dollar that would make the sum a nice, round $10k. I like that. Shows you pay attention to details. A rarity in this rotten day & age. Keep it up. |
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