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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.7%)
H2 2019 - 16 (10.3%)
H1 2020 - 29 (18.6%)
H2 2020 - 28 (17.9%)
H1 2021 - 12 (7.7%)
H2 2021 - 31 (19.9%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.6%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 156

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21290858 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
Fatman3001
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April 12, 2015, 09:11:56 PM


Don't think he's sockpuppet, he's just a bit of an _____ sometimes (He may have switched to short). But I could stop quoting him if you like?

Okay, benefit of the doubt time. In what way do you think Ito will help Bitcoin? I mean in the context of the current problems of the foundation, and the overwhelming view of its critics that we dont need a central authority in the first place.

edit: BTW Im not shorting bitcoin. I dont treat bitcoin as some stupid horse race or lottery that so many like to believe.

The Bitcoin development has been underfunded and uncoordinated to a point where it risks being unable to deal with major problems if uncovered. Having firm ground somewhere well funded with a lot of bright heads lessens the risk of Bitcoin stumbling on itself. I would love it if other universities or organisations in other countries set up similar centers, but you have to start somewhere.
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LFC_Bitcoin
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April 12, 2015, 09:15:43 PM

Any ideas why my "Activity" is stuck at 98?

I have the same "problem"

It goes up by 14 every 2 weeks.

Only goes up a max of 14 in that time no matter how many posts you make.
BlindMayorBitcorn
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April 12, 2015, 09:17:00 PM

Any ideas why my "Activity" is stuck at 98?

I have the same "problem"

It goes up by 14 every 2 weeks.

Only goes up a max of 14 in that time no matter how many posts you make.

What if you were banned for a week? Do those days count?
Fatman3001
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April 12, 2015, 09:17:40 PM

Any ideas why my "Activity" is stuck at 98?

I have the same "problem"

It goes up by 14 every 2 weeks.

Only goes up a max of 14 in that time no matter how many posts you make.

What if you were banned for a week? Do those days count?

You get double points
BlindMayorBitcorn
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April 12, 2015, 09:18:33 PM

Any ideas why my "Activity" is stuck at 98?

I have the same "problem"

It goes up by 14 every 2 weeks.

Only goes up a max of 14 in that time no matter how many posts you make.

What if you were banned for a week? Do those days count?

You get double points

Winning!

Fatman3001
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April 12, 2015, 09:19:22 PM

Any ideas why my "Activity" is stuck at 98?

I have the same "problem"

It goes up by 14 every 2 weeks.

Only goes up a max of 14 in that time no matter how many posts you make.

What if you were banned for a week? Do those days count?

You get double points

Winning!



Lol, nice gif!
sAt0sHiFanClub
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April 12, 2015, 09:20:49 PM


Don't think he's sockpuppet, he's just a bit of an _____ sometimes (He may have switched to short). But I could stop quoting him if you like?

Okay, benefit of the doubt time. In what way do you think Ito will help Bitcoin? I mean in the context of the current problems of the foundation, and the overwhelming view of its critics that we dont need a central authority in the first place.

edit: BTW Im not shorting bitcoin. I dont treat bitcoin as some stupid horse race or lottery that so many like to believe.

The Bitcoin development has been underfunded and uncoordinated to a point where it risks being unable to deal with major problems if uncovered. Having firm ground somewhere well funded with a lot of bright heads lessens the risk of Bitcoin stumbling on itself. I would love it if other universities or organisations in other countries set up similar centers, but you have to start somewhere.

Thats a great theory. But like communism, I reckon it wont fly.

Ito runs Media Labs, and media labs is NOT MIT. Its a commercial operation, and most projects it involves itself in are rooted in hard commerce and license. I worked on a project with them years ago ( a language extension for Mindstorms, NXC) and while they are brilliant in many respects, they are not the ideal partners for Bitcoin. Looking at the current tone and quality of the arguments against the BF at the moment, how do you think they would react to the suggestion that the centralised ( isnt that against the principle?) management of Bitcoin would be handled by a 100% commercially funded group?
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April 12, 2015, 09:34:30 PM

Any ideas why my "Activity" is stuck at 98?

I have the same "problem"

It goes up by 14 every 2 weeks.

Only goes up a max of 14 in that time no matter how many posts you make.

What if you were banned for a week? Do those days count?

You get double points

...deducted, right?
Fatman3001
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April 12, 2015, 09:35:54 PM


The Bitcoin development has been underfunded and uncoordinated to a point where it risks being unable to deal with major problems if uncovered. Having firm ground somewhere well funded with a lot of bright heads lessens the risk of Bitcoin stumbling on itself. I would love it if other universities or organisations in other countries set up similar centers, but you have to start somewhere.

Thats a great theory. But like communism, I reckon it wont fly.

Ito runs Media Labs, and media labs is NOT MIT. Its a commercial operation, and most projects it involves itself in are rooted in hard commerce and license. I worked on a project with them years ago ( a language extension for Mindstorms, NXC) and while they are brilliant in many respects, they are not the ideal partners for Bitcoin. Looking at the current tone and quality of the arguments against the BF at the moment, how do you think they would react to the suggestion that the centralised ( isnt that against the principle?) management of Bitcoin would be handled by a 100% commercially funded group?

The "power" of BF is there only to the extent that the rest of the community lets them have it. We don't know exactly how this partnership looks like yet. If it's too unpalatable for the rest of the Bitcoin community they should get on with a competing/complementary body elsewhere. In fact, that's a good idea anyway.
sAt0sHiFanClub
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April 12, 2015, 09:43:45 PM


The Bitcoin development has been underfunded and uncoordinated to a point where it risks being unable to deal with major problems if uncovered. Having firm ground somewhere well funded with a lot of bright heads lessens the risk of Bitcoin stumbling on itself. I would love it if other universities or organisations in other countries set up similar centers, but you have to start somewhere.

Thats a great theory. But like communism, I reckon it wont fly.

Ito runs Media Labs, and media labs is NOT MIT. Its a commercial operation, and most projects it involves itself in are rooted in hard commerce and license. I worked on a project with them years ago ( a language extension for Mindstorms, NXC) and while they are brilliant in many respects, they are not the ideal partners for Bitcoin. Looking at the current tone and quality of the arguments against the BF at the moment, how do you think they would react to the suggestion that the centralised ( isnt that against the principle?) management of Bitcoin would be handled by a 100% commercially funded group?

The "power" of BF is there only to the extent that the rest of the community lets them have it. We don't know exactly how this partnership looks like yet. If it's too unpalatable for the rest of the Bitcoin community they should get on with a competing/complementary body elsewhere. In fact, that's a good idea anyway.

See, there is an implied paradox here...   People dont like the BF because "power". But bitcoin wont survive without  some sort of intelligent benign leadership. But this leadership will have  "power", and people wont like that... Rinse, Repeat.

You either have cake, or you eat cake. Until people get that into their heads, bitcoin will have some tough times ahead..
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April 12, 2015, 09:47:12 PM

It's just a lack of Bitcoin news and a stronger USD what causes the dump..
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April 12, 2015, 09:58:27 PM

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Fatman3001
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April 12, 2015, 10:02:29 PM


The Bitcoin development has been underfunded and uncoordinated to a point where it risks being unable to deal with major problems if uncovered. Having firm ground somewhere well funded with a lot of bright heads lessens the risk of Bitcoin stumbling on itself. I would love it if other universities or organisations in other countries set up similar centers, but you have to start somewhere.

Thats a great theory. But like communism, I reckon it wont fly.

Ito runs Media Labs, and media labs is NOT MIT. Its a commercial operation, and most projects it involves itself in are rooted in hard commerce and license. I worked on a project with them years ago ( a language extension for Mindstorms, NXC) and while they are brilliant in many respects, they are not the ideal partners for Bitcoin. Looking at the current tone and quality of the arguments against the BF at the moment, how do you think they would react to the suggestion that the centralised ( isnt that against the principle?) management of Bitcoin would be handled by a 100% commercially funded group?

The "power" of BF is there only to the extent that the rest of the community lets them have it. We don't know exactly how this partnership looks like yet. If it's too unpalatable for the rest of the Bitcoin community they should get on with a competing/complementary body elsewhere. In fact, that's a good idea anyway.

See, there is an implied paradox here...   People dont like the BF because "power". But bitcoin wont survive without  some sort of intelligent benign leadership. But this leadership will have  "power", and people wont like that... Rinse, Repeat.

You either have cake, or you eat cake. Until people get that into their heads, bitcoin will have some tough times ahead..


This is not unique for Bitcoin, it's an issue with most open source projects. But it turns out to not be a major problem most of the time.

For instance, if Linus Torvalds became a scientologist and decided to "cleanse" the linux kernel for code deemed to be against the church, he would no longer be the benevolent dictator of linux. And people using linux would probably not even notice.
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April 12, 2015, 10:41:51 PM

People dont like the BF because "power". But bitcoin wont survive without  some sort of intelligent benign leadership. But this leadership will have  "power", and people wont like that... Rinse, Repeat.

You either have cake, or you eat cake. Until people get that into their heads, bitcoin will have some tough times ahead..

You obviously haven't followed Bitcoin development on GitHub. There is a " intelligent benign leadership" very much in place, and it has nothing to do with BF. Developers with Gavin as head wouldn't listen to BF if they think something BF is pushing is not good for Bitcoin. All people who's influence on development is significant are employed by large Bitcoin startups, and are very much interested for Bitcoin to succeed so those startups get to successful IPOs when they would monetize their role as core developers. There are no better guardians of Bitcoins then these group of guys, and they can do very well without Bitcoin Foundation, thank you very much.
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April 12, 2015, 10:57:11 PM

People dont like the BF because "power". But bitcoin wont survive without  some sort of intelligent benign leadership. But this leadership will have  "power", and people wont like that... Rinse, Repeat.

You either have cake, or you eat cake. Until people get that into their heads, bitcoin will have some tough times ahead..

You obviously haven't followed Bitcoin development on GitHub. There is a " intelligent benign leadership" very much in place, and it has nothing to do with BF. Developers with Gavin as head wouldn't listen to BF if they think something BF is pushing is not good for Bitcoin. All people who's influence on development is significant are employed by large Bitcoin startups, and are very much interested for Bitcoin to succeed so those startups get to successful IPOs when they would monetize their role as core developers. There are no better guardians of Bitcoins then these group of guys, and they can do very well without Bitcoin Foundation, thank you very much.

Good point.

The alignment of incentives was necessary for bootstrapping the network and will remain vital in keeping the experiment going.
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April 12, 2015, 10:58:28 PM

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April 12, 2015, 11:03:53 PM

Smiley remember this.





http://arstechnica.com/business/2013/12/crazy-currency-the-more-i-report-on-bitcoin-the-weirder-it-gets/
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April 12, 2015, 11:23:13 PM



 

This seems like the perfect calm before the storm... Will it be a Monday call? Which way? So many questions; so little answers... Wink

Goodnight from Greece.
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April 12, 2015, 11:54:09 PM



 

This seems like the perfect calm before the storm... Will it be a Monday call? Which way? So many questions; so little answers... Wink

Goodnight from Greece.

Smiley many are still in USD. It's a pressure cooker.

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April 12, 2015, 11:58:29 PM

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