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

[empowering]

This guy makes good points (read the other posts also):


https://twitter.com/patio11/status/583697371378257920





Basically, bitcoiners don't know how remittances actually work.

Car manufacturers did not necessarily know how horses worked either.

[Cconvert2G36]

The "top 4-6 chinese miners" will fork bitcoin to delay the halving. Thereby giving themselves 0% revenue, instead of 50% revenue. TIL

[empowering]

All this talk about how "miners would never attack the network because that would destroy confidence in the blockchain and they would stop making money" is kinda bogus IMHO.

Basically double spends already happened but the bitcoin community just looks the other way and pretends that never happened.

Are you sure "miners have no incentive to perform double spend attacks" if all that happens after a double spend (that doesn't seem that easy to investigate into too apparently) is some posts on reddit trying to figure out what the hell happened and bitcoiners just forgetting about it?

Apart from, are there more miners trying to destroy the network, or trying to facilitate it?

If the market really says that its more profitable to destroy it, then maybe that will happen....if not, then why would the attackers choose a less profitable option? if it was more profitable to support the network than decide to take it down? if attackers manage to destroy the network, then miners, will obviously shut up shop and go home, and become tulip farmers.

[ChartBuddy]

Coin
Explanation

[Wandererfromthenorth]

This guy makes good points (read the other posts also):


https://twitter.com/patio11/status/583697371378257920





Basically, bitcoiners don't know how remittances actually work.

Car manufacturers did not necessarily know how horses worked either.

You forgot to say that bitcoin is "like the internet in its early days", that blockchains cure cancer, that satoshi is the savior of mankind, that people in 2050 will sell their yachts, islands or houses for a fraction of a bitcoin, etc etc

[hdbuck]

lel http://www.forbes.com/video/4150135264001/

[coinableS]

This guy makes good points (read the other posts also):


https://twitter.com/patio11/status/583697371378257920





Basically, bitcoiners don't know how remittances actually work.

Car manufacturers did not necessarily know how horses worked either.

You forgot to say that bitcoin is "like the internet in its early days", that blockchains cure cancer, that satoshi is the savior of mankind, that people in 2050 will sell their yachts, islands or houses for a fraction of a bitcoin, etc etc

^^    are you lost, or getting paid? You know I really dislike justin bieber's music. Maybe I should register an account on a bieber forum and bash him all day! ... nope sorry I actually have a life that's not worth wasting.

[Wandererfromthenorth]

All this talk about how "miners would never attack the network because that would destroy confidence in the blockchain and they would stop making money" is kinda bogus IMHO.

Basically double spends already happened but the bitcoin community just looks the other way and pretends that never happened.

Are you sure "miners have no incentive to perform double spend attacks" if all that happens after a double spend (that doesn't seem that easy to investigate into too apparently) is some posts on reddit trying to figure out what the hell happened and bitcoiners just forgetting about it?

Apart from, are there more miners trying to destroy the network, or trying to facilitate it?

If the market really says that its more profitable to destroy it, then maybe that will happen....if not, then why would the attackers choose a less profitable option? if it was more profitable to support the network than decide to take it down? if attackers manage to destroy the network, then miners, will obviously shut up shop and go home, and become tulip farmers.

They would just perform double spends here and there.
If they get caught doing it (like the GHASH.io double spend on that gambling site I posted from last year) what's the problem? Bitcoiners look the other way and say "you see? nothing happened? Everything's fine"

[Wandererfromthenorth]

This guy makes good points (read the other posts also):


https://twitter.com/patio11/status/583697371378257920





Basically, bitcoiners don't know how remittances actually work.

Car manufacturers did not necessarily know how horses worked either.

You forgot to say that bitcoin is "like the internet in its early days", that blockchains cure cancer, that satoshi is the savior of mankind, that people in 2050 will sell their yachts, islands or houses for a fraction of a bitcoin, etc etc

^^    are you lost, or getting paid? You know I really dislike justin bieber's music. Maybe I should register an account on a bieber forum and bash him all day! ... nope sorry I actually have a life that's not worth wasting.

That was a joke dude, no need to take it personally.

[BlindMayorBitcorn]

Doom

Shoop all the dooms

Doomnation

Doom.jpg

Doom

[empowering]

This guy makes good points (read the other posts also):


https://twitter.com/patio11/status/583697371378257920





Basically, bitcoiners don't know how remittances actually work.

Car manufacturers did not necessarily know how horses worked either.

You forgot to say that bitcoin is "like the internet in its early days", that blockchains cure cancer, that satoshi is the savior of mankind, that people in 2050 will sell their yachts, islands or houses for a fraction of a bitcoin, etc etc

Sure, right on point there.

[empowering]

All this talk about how "miners would never attack the network because that would destroy confidence in the blockchain and they would stop making money" is kinda bogus IMHO.

Basically double spends already happened but the bitcoin community just looks the other way and pretends that never happened.

Are you sure "miners have no incentive to perform double spend attacks" if all that happens after a double spend (that doesn't seem that easy to investigate into too apparently) is some posts on reddit trying to figure out what the hell happened and bitcoiners just forgetting about it?

Apart from, are there more miners trying to destroy the network, or trying to facilitate it?

If the market really says that its more profitable to destroy it, then maybe that will happen....if not, then why would the attackers choose a less profitable option? if it was more profitable to support the network than decide to take it down? if attackers manage to destroy the network, then miners, will obviously shut up shop and go home, and become tulip farmers.

They would just perform double spends here and there.
If they get caught doing it (like the GHASH.io double spend on that gambling site I posted from last year) what's the problem? Bitcoiners look the other way and say "you see? nothing happened? Everything's fine"

of course they do because charity... right?

[Wandererfromthenorth]

All this talk about how "miners would never attack the network because that would destroy confidence in the blockchain and they would stop making money" is kinda bogus IMHO.

Basically double spends already happened but the bitcoin community just looks the other way and pretends that never happened.

Are you sure "miners have no incentive to perform double spend attacks" if all that happens after a double spend (that doesn't seem that easy to investigate into too apparently) is some posts on reddit trying to figure out what the hell happened and bitcoiners just forgetting about it?

Apart from, are there more miners trying to destroy the network, or trying to facilitate it?

If the market really says that its more profitable to destroy it, then maybe that will happen....if not, then why would the attackers choose a less profitable option? if it was more profitable to support the network than decide to take it down? if attackers manage to destroy the network, then miners, will obviously shut up shop and go home, and become tulip farmers.

They would just perform double spends here and there.
If they get caught doing it (like the GHASH.io double spend on that gambling site I posted from last year) what's the problem? Bitcoiners look the other way and say "you see? nothing happened? Everything's fine"

of course they do because charity... right?

What do you mean?

[empowering]

I am not even kidding though....

If I do not get some DOOOOOOOOOOOOOOOOOOOOOOOOOOOOM and soon....

Then I am gunna be all disgruntled and discombobulated and shit.

Well at the very least I am gonna lose my DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM boner.... which would be sad.

Not even in the slightest bit kidding though... spike that shit down overlords

Spike it down.

Make me happy.

Make it shnappy.

[WeltMaster]

Why do you presume you have the consensus on your side? Do you think a majority of the users/miners/pools will suddenly adopt your, or a like minded model?

You come across with great egotism and hubris, like you have all the answers. As if no-one has ever dared deliberate your concerns.

[empowering]

All this talk about how "miners would never attack the network because that would destroy confidence in the blockchain and they would stop making money" is kinda bogus IMHO.

Basically double spends already happened but the bitcoin community just looks the other way and pretends that never happened.

Are you sure "miners have no incentive to perform double spend attacks" if all that happens after a double spend (that doesn't seem that easy to investigate into too apparently) is some posts on reddit trying to figure out what the hell happened and bitcoiners just forgetting about it?

Apart from, are there more miners trying to destroy the network, or trying to facilitate it?

If the market really says that its more profitable to destroy it, then maybe that will happen....if not, then why would the attackers choose a less profitable option? if it was more profitable to support the network than decide to take it down? if attackers manage to destroy the network, then miners, will obviously shut up shop and go home, and become tulip farmers.

They would just perform double spends here and there.
If they get caught doing it (like the GHASH.io double spend on that gambling site I posted from last year) what's the problem? Bitcoiners look the other way and say "you see? nothing happened? Everything's fine"

of course they do because charity... right?

What do you mean?

Because everyone involved in BTC just wants to throw money away right? like charity....

Self interest.

If its broken, it will fall... if not, it wont.

If it is more profitable to attack the network, then it will happen, if it is not then it will not happen.

If it is more profitable to facilitate the network, then it will happen, if it is not then it will not happen.

So , the parameters are clear..  as they have been the past 6 years.

So......

Go.
 

[SilenceOfTheLamb]

... I really dislike justin bieber's music. Maybe I should register an account on a bieber forum and bash him all day! ...

Maybe.  Guessing you'll find Bieber fan antics a bit less amusing than Bitcoin cultists' wacky shenanigans tho.
How about you give Bitcointalk another try, huh buddy?  

[BlindMayorBitcorn]

I watched a documentary last night that had this full-blooded giraffe neck fight. It was vicious...

Good morning, bitcoiners!

Crazy no?

[empowering]

I watched a documentary last night that had this full-blooded giraffe neck fight. It was vicious...

Good morning, bitcoiners!

Crazy no?

They are neck and neck

[greenlion]

Why do you presume you have the consensus on your side? Do you think a majority of the users/miners/pools will suddenly adopt your, or a like minded model?

You come across with great egotism and hubris, like you have all the answers. As if no-one has ever dared deliberate your concerns.

He's a concern-troll in sheep's clothing, grasping at straws to perpetuate any half-baked FUD story he can come up with. I strongly recommend reading his retarded analogy about people sitting in a circle passing dollars around to see what kind of disingenuous mentality we're dealing with here.