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

[realr0ach]

Well obviously no one advertises:

"WANTED: SHILLS FOR HIRE!  

They actually do:

http://www.thejidf.org/

[BlindMayorBitcorn]

[TERA2]

bugmen

[HairyMaclairy]

A point of clarification:  “Chief Scientist for Bitcoin Unlimited” is an unpaid role? 

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[jojo69]

lot of really pretty mouths around here

[Peter R]

A point of clarification:  “Chief Scientist for Bitcoin Unlimited” is an unpaid role?  

Bitcoin Unlimited actually has no paid staff (although this may soon change).  Many of our developers are paid for their work, but they are paid by other bitcoin advocacy groups and not by BU.  I've received offers from other groups to pay me for what I do, but I've always declined.  Bitcoin has rewarded me financially more than I could have ever hoped.  I want now to help Bitcoin continue to grow so that more people can benefit from Bitcoin.

[HairyMaclairy]

Yes rightly so and you have never received payment in Bcash either.  A noble calling.

You talk your book far too much.

[Peter R]

Yes rightly so and you have never received payment in Bcash either.  A noble calling.

You talk your book far too much.

I don't know why it's so hard to believe that some people work to grow Bitcoin because they believe in it and want to see it change the world, and do so without getting paid.  There are lots of people who work on Bitcoin as volunteers. 

[HairyMaclairy]

You don’t work on Bitcoin.  And senior members of the Bcash team are not paid in Bcash?  

[CRED.me]

I don't know why it's so hard to believe that some people work to grow Bitcoin because they believe in it and want to see it change the world, and do so without getting paid.  There are lots of people who work on Bitcoin as volunteers.  

If you were intellectually honest, you'd admit there's no way to prevent the oligarchy control of Bitcoin. It's inevitable if not already so behind the veil of mining. Research has shown for example that as the revenue for miners from transaction fees exceed the revenue from the programmed block reward, the incentives change such that it will fork off into an unbounded number of forks. This is because miners then have an incentive to bribe other miners to mine of the block they won, by sharing transaction fees. And the Byzcoin design didn't solve this dilemma. The only way to prevent this outcome is for a (probably surreptitious) oligarchy of mining to form.

And your research for BU was more or less debunked.

It's an insoluble problem as long as the only consensus algorithms are proof-of-work, proof-of-stake, or (a permissioned set of validators for) Byzantine agreement. I've studied this very deeply. Have you Peter?

[HairyMaclairy]

United Bitcoin Phase 2 to be distributed “by 24 January”. 

[Last of the V8s]

Satoshi was/is not a person. Bitcoin was created by the Zionists who control the ASIC fabs via their control of usury. Bitman is likely a Zionist operative (@Dorky had documented their ties to Israel as one supporting evidence, and I documented that ASICBoost was preordained by Satoshi in the design of Bitcoin). Bitcoin is creative destruction of the nation-state central banks they control in order to gain a one-world reserve currency they control surreptitiously (a workaround for political resistance to the NWO), done in an obfuscated manner which causes all of you who hate them to actually work on their behalf. Deception, compartmentalization, and sufficient plausible deniability to appease nimwits is their modus operandi.

Craig Wright even fucked up the probability math in one of his recent nchain whitepapers and had to yank it. Craig isn't Satoshi, but he may be on the Zionist payroll.

Bitcoin was designed to be a reserve currency, not the transactional currency. The onchain scaling is to be achieved with $10,000+ transaction fees to kick the peons offchain. The $billionaires will pay these transaction fees to the Zionist who control the mining and most of the BTC (who the fuck do you think controls Satoshi's stack).

you really think we are this stupid?

You're incredibly stupid. Far beyond what can be expressed in words. So stupid in fact, you're incapable of recognizing how stupid[indoctrinated] you are.

Anyone who believes commodification of proof-of-work is not impossible propaganda or who believes Lightning Networks will result in anything other than an oliigarchy for Bitcoin, is ignorant of the technological details. Bitcoin is designed such that it's an insoluble problem w.r.t. to it's centralized control by the Zionists. It's designed to go into their lap no matter what action is taken by the free market.

We're participating in and helping to promote the construction of the 666 system. Cherish the gloating.[/s]

crossed out because tainted

sh**by @CRED.me you absolutely must stop with the zionist nonsense. even if it were true it wouldn't help your reasoning anyway and it won't wash itt - you'll be censored for sybil-attacking
 
now satoshi acted in good faith
but he did not understand perfectly what he'd invented and since then his invention overtook him à la pandora's box
yes, then later btc was captured by an 'oligarchy', although the preferred term is 'republic'
which is grand. democracy and egalitarianism and similar jazzes are for women and children only. deal with it.

incidentally did you see where MP pointed out some stealing from segwittery, or that the jokechain is mutable, or that pow is conditional?
oh well it's all in the fucking logs

asciilifeform: mining-is-a-bug(tm)(r)
mircea_popescu: the bricking-of-extant-asics moment edges ever closer.

[TERA2]

Is that a bcash train boarding?

[hv_]

A point of clarification:  “Chief Scientist for Bitcoin Unlimited” is an unpaid role?  

Bitcoin Unlimited actually has no paid staff (although this may soon change).  Many of our developers are paid for their work, but they are paid by other bitcoin advocacy groups and not by BU.  I've received offers from other groups to pay me for what I do, but I've always declined.  Bitcoin has rewarded me financially more than I could have ever hoped.  I want now to help Bitcoin continue to grow so that more people can benefit from Bitcoin.

I wanna thank you for this a lot.

To me BU and other dev teams should be run / funded like wikipedia or wikileaks or is there anything against ?

[MrPiggles]

Did everyone here manage to claim/dump their superbitcoin and bitcoindiamond? I figured out the easiest method last night and got a few extra btc for dumping them

[LewisPirenne]

incidentally did you see where MP pointed out some stealing from segwittery, or that the jokechain is mutable, or that pow is conditional?
oh well it's all in the fucking logs

asciilifeform: mining-is-a-bug(tm)(r)
mircea_popescu: the bricking-of-extant-asics moment edges ever closer.

Even the Mining Cartel knew that PoW may be a "bug" rather than a "feature" and hence BCH was created as a hedge against the possibility that the Core team may just decide to brick all those ASIC miners.  Then at least they can try to rebrand their pet project as bitcoin thru the definition of having most cumulative work done. 

[Arriemoller]

Even pre-teens and teens use paper currencies around the world on a daily basis, but hell they can't even purchase Bitcoin without being 18+ yrs old and having a drivers license and a bank account first. How about that fkn irony, Satoshi? Should we add an addendum in the white paper for that too?

There is localbitcoins for that. Just putting that out there.

Or GPU mining a shitcoin and trade it for bitcoin.

[CRED.me]

now satoshi acted in good faith
but he did not understand perfectly what he'd invented and since then his invention overtook him à la pandora's box

...

asciilifeform: mining-is-a-bug(tm)(r)
mircea_popescu: the bricking-of-extant-asics moment edges ever closer.

Last time I checked, it seemed MP et al were hoping a PoW system that requires unbounded memory would rescue them from those who control the ASIC foundaries, but I had pointed out that it can be DoS attacked (because the requirement for memory is unbounded). Even if it worked, it wouldn't resolve the incentives incompatibility of transaction fees. Is there a new epiphany I should be aware of?

MP seems to underestimate the forethought of the Zionists. He's a large whale unaware of the whaling ship and net that will devour him someday. He's serving a useful role though and they'll play along for the time being.