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

[jbreher]

Still bullish BCH.

Based on what fundamentals ?

Not trying to be rude, but I didn't know if your preceding post was sarcasm or not, regarding continuing to buy BCH.

No sarcasm.

Based on the fact that Bitcoin Cash is simply Bitcoin that supports all the use cases that core/blockstream jettisoned in their insane Raspberry Pi fetish. Each of these use cases has some value - value that shall in time accrue to Bitcoin Cash, because that simply cannot accrue to Bitcoin Core. With utility comes use, with use comes market, with market comes valuation.

Yes, it looks somewhat bleak now, but I expect a glorious future.

[1713572284]

1713572284

[1713572284]

1713572284

[Ibian]

Hey you guys, lay off jbreher.  I disagree with him, but he is polite and well reasoned...if wrong.

This thread does not have to be a total echo chamber.

Besides, he's probably kinda sad right now.

Yes, fair enough. I like him well enough as well. But this is about money, and people who stubbornly stick to their ideology in the face of real world consequences are just hurting themselves, and tolerating such nonsense is a path towards that same flaw. Reality is what it is and pretending otherwise is self-damaging.

[Ibian]

Can anyone simply explain why a GPU mined network wouldn't work or be supported? In the future I somehow see users validating the network by simply holding or using bitcoin on a lightweight client. Not that I'd like to fork off to try but something like how torrents work where users validate the content. GPU mining sounds like a step in that direction although I have no real technical understanding on the matter. I suppose that's what I'm asking for and I'd rather hear it here than on a fanboy page.   

Hardware specifically designed for whatever algo you use will be built and mining will once again be centralized. There is no way around this, unless it is just not profitable to do so in which case who cares.

[RealMachasm]

Can anyone simply explain why a GPU mined network wouldn't work or be supported? In the future I somehow see users validating the network by simply holding or using bitcoin on a lightweight client. Not that I'd like to fork off to try but something like how torrents work where users validate the content. GPU mining sounds like a step in that direction although I have no real technical understanding on the matter. I suppose that's what I'm asking for and I'd rather hear it here than on a fanboy page.   

Hardware specifically designed for whatever algo you use will be built and mining will once again be centralized. There is no way around this, unless it is just not profitable to do so in which case who cares.

I was thinking about this point and wondered if a coun could be developed which would use a constantly changing algo which would only be suited to a CPU? However, even if this was possible, what is to stop large investors just buying large quantaties of cpus and centralising mining yet again?
There just seams to be no way around this problem?

[buyandhold]

Hey you guys, lay off jbreher.  I disagree with him, but he is polite and well reasoned...if wrong.

This thread does not have to be a total echo chamber.

Besides, he's probably kinda sad right now.

No. He's not well-reasoned. He lied many times to fool the newbies:

...
Sometimes, I state facts, and sometimes, I render opinions. I try not to exaggerate, I don't make up facts, and I try to keep my conclusions rational. When challenged, I produce rationale for my statements. Sometimes, I even get things wrong, but I always try to be truthful.
...

Not always. Sometimes you list your own lies neatly for everybody to see:

...

https://bitcointalk.org/index.php?topic=1833166.msg18258671#msg18258671

stronger wording: https://bitcointalk.org/index.php?topic=178336.msg18257263#msg18257263

This one is precious - it is in direct response to you. Mar 12: https://bitcointalk.org/index.php?topic=1820846.msg18162340#msg18162340

Hey! Here's my post to dinofelis that I alluded to above: https://bitcointalk.org/index.php?topic=1820846.msg18155798#msg18155798

"non-mining nodes don't count for doodley-squat": https://bitcointalk.org/index.php?topic=1752746.msg17602571#msg17602571

https://bitcointalk.org/index.php?topic=1752746.msg17560211#msg17560211

Middle of 2016... https://bitcointalk.org/index.php?topic=178336.msg15751668#msg15751668

11+ months ago: https://bitcointalk.org/index.php?topic=1330553.msg14994560#msg14994560

"nodes have fuck-all to say about it" - more than a year ago: https://bitcointalk.org/index.php?topic=1393827.msg14308946#msg14308946

"independent nodes essentially fulfill zero marginal utility": https://bitcointalk.org/index.php?topic=1344522.msg13895379#msg13895379

This one is fun - gmax using his time-tested technique of abandoning a convo that is not going his way. Feb 2016: https://bitcointalk.org/index.php?topic=1352002.msg13788734#msg13788734

...

Those are not lies. That was posted in response to Lauda, who claimed something akin to 'jbreher never before made the claim that fully-validating, non-mining wallets add little to no value to the network as a system'. So that listing was refutation to Lauda's lies.

If you think that that fully-validating, non-mining wallets provide any benefit to the network as a whole, you do not understand Bitcoin. The only power such a wallet has is to amputate itself from the rest of the network.

The remaining bigblockers are the laughingstock in the Bitcoin community, all Jonald Fyookballs 2.0.

I think it is dangerous to count them out, they are playing a longer game than 2 weeks.

Mock them, sure, criticize, deride, eviscerate to your hearts content...but do not take your eyes off them.

Therefore evisceration intensifies.

[Ibian]

Can anyone simply explain why a GPU mined network wouldn't work or be supported? In the future I somehow see users validating the network by simply holding or using bitcoin on a lightweight client. Not that I'd like to fork off to try but something like how torrents work where users validate the content. GPU mining sounds like a step in that direction although I have no real technical understanding on the matter. I suppose that's what I'm asking for and I'd rather hear it here than on a fanboy page.   

Hardware specifically designed for whatever algo you use will be built and mining will once again be centralized. There is no way around this, unless it is just not profitable to do so in which case who cares.

I was thinking about this point and wondered if a coun could be developed which would use a constantly changing algo which would only be suited to a CPU? However, even if this was possible, what is to stop large investors just buying large quantaties of cpus and centralising mining yet again?
There just seams to be no way around this problem?

In the first place, who says it's a problem? So the little guy can't make money on his 486. Why should he? Why should the most money not go to the people who front the most money and take the biggest risk? That's how business works.

[spiderbrain]

Hey you guys, lay off jbreher.  I disagree with him, but he is polite and well reasoned...if wrong.

This thread does not have to be a total echo chamber.

Besides, he's probably kinda sad right now.

Indeed, politeness and reason are such rarities around here.

[becoin]

Are you ready for $5000 by the end of this week?

[ivomm]

J. Garzik revisits replay protection:

https://twitter.com/alistairmilne/status/917294531586019328

May be there will be strong replay protection after all... 

[600watt]

Yes, it looks somewhat bleak now, but I expect a glorious future.

you told people who were seeking advice to buy bcash. since I still hold 1/3 of my bcash stash I´d be not sad if it has a glorious future. but I really doubt it. I was wondering all along where the money came from I made from selling my bcash. it came from people like you I guess. so.... thank you.

[rjclarke2000]

Are you ready for $5000 by the end of this week?

I've been ready for over 4 years

[Ibian]

Hey you guys, lay off jbreher.  I disagree with him, but he is polite and well reasoned...if wrong.

This thread does not have to be a total echo chamber.

Besides, he's probably kinda sad right now.

Indeed, politeness and reason are such rarities around here.

"polite" is not a fucking argument. Wrong is wrong.

[StraddleHQ]

Are you ready for $5000 by the end of this week?

I've been ready for over 4 years

Very sure...but we can be assure by MID october.

[brascopck]

Are you ready for $5000 by the end of this week?

I've been ready for over 4 years

Lmao. $5,000 here we come 

[Denker]

J. Garzik revisits replay protection:

https://twitter.com/alistairmilne/status/917294531586019328

May be there will be strong replay protection after all... 

I'm pretty sure they will add replay protection the last minute.
Otherwise this thing is not just doa, but doa +1! With replay protection they can at least hope more exchanges will list and trade it, so people can make some money out of it. But to make it clear again. Whatever they'll say, it's an altcoin from the moment you can trade it!! It'll never be Bitcoin! Even Coinbase (NYA supporters) will use another ticker for it. Guess it's the fear to get sued as hell if they would use the BTC ticker for that crapcoin. LOL

[savetherainforest]

Are you ready for $5000 by the end of this week?

I've been ready for over 4 years

Lmao. $5,000 here we come  

Meh.








Bears be like:

[vroom]

Are you ready for $5000 by the end of this week?

27/10 vroom

no, not ready yet

[Karartma1]

Are you ready for $5000 by the end of this week?

27/10 vroom

no, not ready yet

We have always been ready for this since the beginning and I would say this is only the start! We are about to make it there and beyond. The train is unstoppable guys. Such exciting times for all of us: I'm only wondering about when we are going to have the next ATH and when we are going to have the next ones.

[soullyG]

I'm calling it now - $10k before the end of next year 

[JayJuanGee]

Hey you guys, lay off jbreher.  I disagree with him, but he is polite and well reasoned...if wrong.

This thread does not have to be a total echo chamber.

Besides, he's probably kinda sad right now.

[...] He has bad ideas [...]

One should welcome opposing views. One of the very few reasons I don't have certain loud mouthed posters on ignore.

Don't get me wrong.  I am not objecting to opposing views, but I am asserting my position that there seems to be no real good reason to be respecting the contributions of folks who seem to be engaging in strategies to denigrate and attack bitcoin - and these folks could be  a threat to bitcoin if they were to be successful with their nonsense.  Accordingly, it is my right to express loud opposition to them, even while they might appear to be down and out, and sure they can come back and assert that they have good motives and related whatever (actions speak louder than words)..

Accordingly, I have no problem strenuously expressing opposition to some of the big blocker nut jobs who seem to be supporting the baloney propaganda and disruptive behaviors of folks such as Ver, Ji Han, Craig Wright, Jeff Garzik, and some of the other folks who are engaged in both destructive rhetoric and destructive actions, too.. and come into the thread spreading nonsense and FUD.

JJG I don't take any notice of your posts unless there is a % theory involved.

I think that there is about a 92.115% chance that I am slipping, and about a 62.74% chance that such slipping is age related.