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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
Feb. 28 - 4 (3.3%)
March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25187791 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. (157 posts by 13 users deleted.)
2017Bubble
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June 23, 2017, 02:06:05 AM

hello it me,

seems like we are moving uppish
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June 23, 2017, 02:16:39 AM
Last edit: June 23, 2017, 02:27:58 AM by bitserve

Found UP-to date picture:  Grin Cool

So Amazon till Christmas?  Roll Eyes



So it says that if someone with Bill Gates net worth (there's a bunch of guys dirty rich like him, isn't it?) or any government feels like investing in create an ASIC more powerful than the actual Antminer then secretly building some mining farms, the whole Bitcoinland could be easily taken over?

How much fragile is the pot where we're putting our money? Because I can think many reasons a government or some powerful banks would want to shut all this down.
Apologies if I'm sounding naïve, I'm not a scientist, I'm only a curious Average Joe.

Yes, you could probably take over Bitcoin with just around $1Billion. That would destroy Bitcoin AND your billion. Now.. why some individual like Bill Gates would feel like doing that? What would be the impact in PR for doing it? How much more would he lose?

Do you have any idea of how much damage could someone do with one spendable billion if his intention was just to wreck havoc in the "real world"? He could even start a fucking small war if he was smart (and evil).

Now let's see one goverment (USA?) does it. The economical cost is almost negligible but.... again... a government destroying something that is not ilegal, fucking millions of people all around the world for no reason and, probably, with no way to cover/hid the action?

Is the pot "fragile"? Maybe... now let's compare it with how fragile are other pots:

- FIAT (well, you know).
- PM's (See Executive Order 6102)
- Stocks (see the large liss of crashes over time)
- Real state (safe most of the time, but it can also be easily confiscated as its intrinsically not mobile)

So, nothing to lose dream at night, but as I always say, follow the Triple D: Diversify, Diversify, Diversify.


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June 23, 2017, 02:33:51 AM


Yes, you could probably take over Bitcoin with around $1Billion. That would destroy Bitcoin AND your billion. Now.. why some individual like Bill Gates would feel like doing that? What would be the impact in PR for doing it? How much more would he lose?

Bill Gates was just an example, but we can think about some Bankers willing to do that. Would it necessarily have to be in the clear? I mean, I can think about some ways to do this undercover, so no PR impact.

Now let's see one goverment (USA?) does it. The economical cost is almost negligible but.... again... a government destroying something that is not ilegal, fucking millions of people all around the world for no reason and, probably, with no way to cover/hid the action?


Why no way to cover/hid it? And I think it's STILL not illegal, Congressmen are taking their time to corner OTC trades and harden AML/KYC regulations.

Is the pot "fragile"? Maybe... now let's compare it with how fragile are other pots:

- FIAT (well, you know).
- PM's (See Executive Order 6102)
- Stocks (see the large liss of crashes over time)
- Real state (safe most of the time, but it can also be easily confiscated as its absolutely not mobile)

All you listed above are known to have huge Big Players participation (a few families, Banks and the government itself)

So, nothing to lose dream at night, but as I always say, follow the Triple D: Diversify, Diversify, Diversify.

I can agree with that.
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June 23, 2017, 02:44:24 AM


Yes, you could probably take over Bitcoin with around $1Billion. That would destroy Bitcoin AND your billion. Now.. why some individual like Bill Gates would feel like doing that? What would be the impact in PR for doing it? How much more would he lose?

Bill Gates was just an example, but we can think about some Bankers willing to do that. Would it necessarily have to be in the clear? I mean, I can think about some ways to do this undercover, so no PR impact.

Now let's see one goverment (USA?) does it. The economical cost is almost negligible but.... again... a government destroying something that is not ilegal, fucking millions of people all around the world for no reason and, probably, with no way to cover/hid the action?


Why no way to cover/hid it? And I think it's STILL not illegal, Congressmen are taking their time to corner OTC trades and harden AML/KYC regulations.

Is the pot "fragile"? Maybe... now let's compare it with how fragile are other pots:

- FIAT (well, you know).
- PM's (See Executive Order 6102)
- Stocks (see the large liss of crashes over time)
- Real state (safe most of the time, but it can also be easily confiscated as its absolutely not mobile)

All you listed above are known to have huge Big Players participation (a few families, Banks and the government itself)

So, nothing to lose dream at night, but as I always say, follow the Triple D: Diversify, Diversify, Diversify.

I can agree with that.

1- Ok, let's take another example, Mark Zuckerberg does it to rekt the Winklevoss once again. It's not that easy to move the amounts of money needed without noone knowing. Less so to hire the needed personal (ASIC designers, etc), less so to make a chinesse factory produce them, less easy to transport, install and put all that ASIC's on a giant plant requiring HUGE amounts of electrical energy..... No, really, you can't do that something of that scale in a covert way.

Maybe I am wrong, then tell me how you would do it and I will try to find the failure on your plan.


2- Oh yeah, the goverments could do it with legislation, of course, but I guess that's not what we were talking about.

3- Yet they all have demonstrated to be a "fragile" pot sometimes/somewhere along the history. Nothing is 100% safe.

4- That's my main point.
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June 23, 2017, 02:44:42 AM
Last edit: June 23, 2017, 04:36:47 AM by Elwar

Billionaire spends a billion dollars to destroy Bitcoin...

Litecoin becomes the new main cryptocurrency.

Next...


Or Bitcoin 2.0 is created without the billionaire's coins.
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June 23, 2017, 02:51:51 AM


1- Ok, let's take another example, Mark Zuckerberg does it to rekt the Winklevoss once again. It's not that easy to move the amounts of money needed without noone knowing. Less so to hire the needed personal (ASIC designers, etc), less so to make a chinesse factory produce them, less easy to transport, install and put all that ASIC's on a giant plant requiring HUGE amounts of electrical energy..... No, really, you can't do that something of that scale in a covert way.

Maybe I am wrong, then tell me how you would do it and I will try to find the failure on your plan.


2- Oh yeah, the goverments could do it with legislation, of course, but I guess that's not what we were talking about.

3- Yet they all have demonstrated to be a "fragile" pot sometimes/somewhere along the history. Nothing is 100% safe.

4- That's my main point.

I just created another topic to discuss it, you're welcome there.
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June 23, 2017, 03:13:39 AM

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.
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June 23, 2017, 03:17:13 AM

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?
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June 23, 2017, 08:37:04 AM

So...weekend lift or dump?
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June 23, 2017, 08:41:07 AM

So...weekend lift or dump?

Yes!
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June 23, 2017, 09:31:48 AM

So...weekend lift or dump?

bah!

Probably to the fucking moon this weekend
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June 23, 2017, 09:40:55 AM

Post about current cryptocurrency dotcom bubble in relation to bitcoin vs altcoins and reference to video games industry:

http://steemit.com/cryptocurrency/@r0achtheunsavory/the-r0ach-report-15-the-current-cryptocurrency-dotcom-bubble-will-it-play-crysis
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June 23, 2017, 09:45:00 AM

Post about current cryptocurrency dotcom bubble in relation to bitcoin vs altcoins and reference to video games industry:

http://steemit.com/cryptocurrency/@r0achtheunsavory/the-r0ach-report-15-the-current-cryptocurrency-dotcom-bubble-will-it-play-crysis

Oh my god we're all gonna die!
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June 23, 2017, 10:52:34 AM

So...weekend lift or dump?

lfump
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June 23, 2017, 10:54:01 AM

I hope the price goes up. I'm selling some bitcoins to buy a car.

A classic Tuscani with 4 wheels and a sunroof.
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June 23, 2017, 11:13:47 AM

I hope the price goes up. I'm selling some bitcoins to buy a car.

A classic Tuscani with 4 wheels and a sunroof.

Same. I'd really like to get insurance for my van down by the river.

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?

It's going to cost a lot of money for such an attempt to take place.

Usually billionaries are very wary on where and how they spend their money, otherwise they wouldn't be billionaries in the first place.  Smiley

It's thought a week long attack on the ETH network would only cost about $3.5m. No one bothers.
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June 23, 2017, 11:21:16 AM

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?

It's going to cost a lot of money for such an attempt to take place.

Usually billionaries are very wary on where and how they spend their money, otherwise they wouldn't be billionaries in the first place.  Smiley
If the intent were to snuff out bitcoin as competition to banks, losing some money would not be a concern if it was to ensure theirs does not go valueless to a new successor.  
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June 23, 2017, 12:22:17 PM
Last edit: June 23, 2017, 01:49:18 PM by Iranus

I hope the price goes up. I'm selling some bitcoins to buy a car.

A classic Tuscani with 4 wheels and a sunroof.

Same. I'd really like to get insurance for my van down by the river.

If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.

This is a point! This is why I believe in Core. But how fast it could be done until we need a massive rollback Buterin's style?

It's going to cost a lot of money for such an attempt to take place.

Usually billionaries are very wary on where and how they spend their money, otherwise they wouldn't be billionaries in the first place.  Smiley

It's thought a week long attack on the ETH network would only cost about $3.5m. No one bothers.
People like to talk about "if a billionaire..." but it's meaningless.  Billionaires never waste their money trying to screw with something that isn't even a threat to them.

Crypto enthusiasts just like to feel like outsiders so they always pretend they're under attack.  A bank could always screw with Bitcoin, but if I were them I would have done it years ago.

The longer they wait, the harder it becomes anyway.
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June 23, 2017, 12:46:03 PM

The longer they wait, the harder it becomes anyway.

Too late. The crypto-genius is out of the bottle.
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June 23, 2017, 01:01:21 PM

Crypto enthusiasts just like to feel like outsiders so they always pretend they're under attack.  A bank cohld always screw with Bitcoin, but if I were them I would have done it years ago.

Aye. It's a tad unbecoming.

11 times out of 10 when someone screams 'they're declaring war on us' it's down to completely bog standard and existing regulations that have nothing to do with BTC.

The Bitfinex banking thing is a prime example. That was down to Taiwan's regulatory slackness, not an attack on Bitcoin. No doubt Bitfinex would've fucked themselves eventually as they're neither honest or competent.
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