Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[sAt0sHiFanClub]

Gah, sorry for stirring up the troll-pot

Why the apology? You made a perfectly valid post, I was just questioning one of the fundamental tenets of that post.

And apart from being called a troll, nobody has actually proved me wrong yet.

Not wrong, just pointless.

Here is a video that will explain what you are missing.

https://youtu.be/dQw4w9WgXcQ

Where is that tumbleweed gif when you need it. About summarises your ability to counter with a cogent argument.

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[calme]

If fat ppl and ginger ppl were to face genocide in a country, don't think for one second that other countries wouldn't get involved. That's not how the world works. People would say it's not fair. Before you knew it, the other countries would kill off their own fat ppl and ginger ppl so that they wouldn't have to keep them around either.

[empowering]

Ughhh, I hate that I got suckered into feeding a troll.  

Of course if there is community consensus to change the cap it would happen, it could also go the other way down to a 18 million cap, they could do anything with community acceptance. Its a pointless point to make.

As far as not understanding how bitcoin works, I don't have any desire to prove this to you, you can believe whatever you want.

If you can't get the answer you are looking for from the Pieter Wuille quote I included, you are being deliberately obtuse, and I have no need to interact with you further.

Troll being anyone who has a different view to you?  

My point all along is that the cap is NOT concrete - which you have now agreed with. Yet many of the predictions of grand wealth with bitcoins are predicated on this fallacy.

The Pieter Wuille quote was irrelevant for the reason I stated - He is talking about rogue attacks, Im talking about consensual change.

You have already proven you have at best a sketchy understanding of how it works with your "21 millionth bitcoin" statement.

 

I have had a better idea....  instead of miners receiving Bitcoin for their work, they simply get "thank you" notes + links to youtube rickrolls

Totally doable.

Make it so.

...aaaannddd Still nothing.

Really, I thought that was a perfectly reasoned argument, totally in line with this discussion.

There is nothing to stop the reward being changed to thank you notes and rickrolls is there?

So it is a fact then.

So it could happen then.

So that makes it possible in reality.

It makes as much sense as what you are suggesting.

You are arguing semantics and you know it.

Like I said, lets not faff around in what ifs, this is perfectly testable, do it, make it so.

I am sure it will work out fine.

While you are at it, you could try running through walls as well (please provide pics)

[empowering]

Gah, sorry for stirring up the troll-pot

Why the apology? You made a perfectly valid post, I was just questioning one of the fundamental tenets of that post.

And apart from being called a troll, nobody has actually proved me wrong yet.

Not wrong, just pointless.

Here is a video that will explain what you are missing.

https://youtu.be/dQw4w9WgXcQ

Where is that tumbleweed gif when you need it. About summarises your ability to counter with a cogent argument.

I have not heard or seen a cogent argument.

Provide one please.

(ps ha ha)

[plasticAiredale]

Ughhh, I hate that I got suckered into feeding a troll. 

Of course if there is community consensus to change the cap it would happen, it could also go the other way down to a 18 million cap, they could do anything with community acceptance. Its a pointless point to make.

As far as not understanding how bitcoin works, I don't have any desire to prove this to you, you can believe whatever you want.

If you can't get the answer you are looking for from the Pieter Wuille quote I included, you are being deliberately obtuse, and I have no need to interact with you further.

Troll being anyone who has a different view to you?  

My point all along is that the cap is NOT concrete - which you have now agreed with. Yet many of the predictions of grand wealth with bitcoins are predicated on this fallacy.

The Pieter Wuille quote was irrelevant for the reason I stated - He is talking about rogue attacks, Im talking about consensual change.

You have already proven you have at best a sketchy understanding of how it works with your "21 millionth bitcoin" statement.

 

Wow straight from the troll talking points rebuttal book "Troll being anyone who has a different view to you?"

Fine, you're not a troll, you're just an asshole.

You obviously know 21 million is as concrete as anything in Bitcoin, the fact that the code can change it with consensus is at most a red herring by you. Otherwise you have already proven you have at best a sketchy understanding of how the Bitcoin community works.

[sAt0sHiFanClub]

If fat ppl and ginger ppl were to face genocide in a country, don't think for one second that other countries wouldn't get involved. That's not how the world works. People would say it's not fair. Before you knew it, the other countries would kill off their own fat ppl and ginger ppl so that they wouldn't have to keep them around either.

But it would be by consensus - thats the important issue....

 

[empowering]

If fat ppl and ginger ppl were to face genocide in a country, don't think for one second that other countries wouldn't get involved. That's not how the world works. People would say it's not fair. Before you knew it, the other countries would kill off their own fat ppl and ginger ppl so that they wouldn't have to keep them around either.

But it would be by consensus - thats the important issue....

 

It ^^ is never going to happen.

That is the important issue.

Let us not let reality get in the way of a good idea though.

[empowering]

If fat ppl and ginger ppl were to face genocide in a country, don't think for one second that other countries wouldn't get involved. That's not how the world works. People would say it's not fair. Before you knew it, the other countries would kill off their own fat ppl and ginger ppl so that they wouldn't have to keep them around either and to make it fair.

To be fair all we would have to do to take care of the gingers is ban sun tan lotion.

[sAt0sHiFanClub]

Wow straight from the troll talking points rebuttal book "Troll being anyone who has a different view to you?"

Fine, you're not a troll, you're just an asshole.

You obviously know 21 million is as concrete as anything in Bitcoin, the fact that the code can change it with consensus is at most a red herring by you. Otherwise you have already proven you have at best a sketchy understanding of how the Bitcoin community works.

Name calling now eh?  You are only becoming angry because you believe in the triumph of unbounded hope over reality.
I'm just your 'memento mori', reminding you that bitcoin may not make you the millionaire you hope to be.

Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.

[Fatman3001]

Thread retarded again, shit's gonna happen..

[empowering]

Wow straight from the troll talking points rebuttal book "Troll being anyone who has a different view to you?"

Fine, you're not a troll, you're just an asshole.

You obviously know 21 million is as concrete as anything in Bitcoin, the fact that the code can change it with consensus is at most a red herring by you. Otherwise you have already proven you have at best a sketchy understanding of how the Bitcoin community works.

Name calling now eh?  You are only becoming angry because you believe in the triumph of unbounded hope over reality.
I'm just your 'memento mori', reminding you that bitcoin may not make you the millionaire you hope to be.

Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.

You are a bore.

Quite simple really...  do it, if it is such a given, in reality do it, do it now, make it so... prove what you say.

Prove you can make this change and Bitcoin still be Bitcoin, prove it is possible.

Otherwise you are in strawman territory arguing semantics.

We do not need to prove what already is because it already is

If you want to prove what is not so, then it is down to you to prove it.

The beauty of this is, is that all of the tools you need, are available to you right this second.

Make it so.

Prove you could make this change, and that Bitcoin, will still be Bitcoin, because as has been pointed out to you... it will not be, it will be something other than Bitcoin.

Really, please, do it

or.....

You are wrong.



 

[xyzzy099]

Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.

I think it's predicated mostly on the belief that the majority of people (miners in this case) will act rationally.  I would say that most miners consider the 21M coin cap to be a defining characteristic of Bitcoin, and probably the most important characteristic that gives the coin value.  If you accept that premise, then it is logical to assume that miners will not act irrationally by destroying the value that is their whole incentive for mining in the first place.

[Plazma]

Trolls hiding in the caves until the price drops 5$

[plasticAiredale]

Wow straight from the troll talking points rebuttal book "Troll being anyone who has a different view to you?"

Fine, you're not a troll, you're just an asshole.

You obviously know 21 million is as concrete as anything in Bitcoin, the fact that the code can change it with consensus is at most a red herring by you. Otherwise you have already proven you have at best a sketchy understanding of how the Bitcoin community works.

Name calling now eh?  You are only becoming angry because you believe in the triumph of unbounded hope over reality.
I'm just your 'memento mori', reminding you that bitcoin may not make you the millionaire you hope to be.

Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.

I'm not angry (well not with you at least). I don't need Bitcoin to make me a millionaire, and I sure as hell don't need you to talk me down from some unbounded hope.

Reality is Bitcoin is always going to have a 21m cap. If that changes it won't effect the price negatively, otherwise it won't happen. Future value already accounts for the slim possibility of a cap increase, its priced in, and no one believes it will happen.

Time for lunch, welcome to ignore, sorry if I hurt your feelings calling you a name.

[criptix]

Thread retarded again, shit's gonna happen..

smelling incoming pump  

btw. tbh thinking deeper about it, satoshifanclub is kinda right and i took it a step further:

what would happen if tommorow an asteroid hits the earth and kills nearly everything on earth?

no bitcoins, no millionairs and we wouldnt even need community consensus for that to happen....?  

[ImI]

breakout imminent

[ThatDGuy]

breakout imminent

Let's get this train rolling again

[aztecminer]

Thread retarded again, shit's gonna happen..

that's right shiat is about to happen...cuz i am about to pull the trigger biatches.. on this waiting six more weeks on bitcoin is total gay .

[calme]

Are you biatchez super excited now that a miner is about to pull the trigger?

[macsga]

Are you guys super excited now that a miner is about to pull the trigger?

I'm a miner too. I make 0.014 per day. I'm gonna crash the price.
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