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

[Elwar]

[19:12:24] · <ben_vulpes> https://arxiv.org/abs/1802.06038 << "on a subset of 3,759 contracts which we sampled for concrete validation and manual analysis, we reproduce real exploits at a true positive rate of 89%, yielding exploits for 3,686 contracts"
[19:20:00] · <shinohai> I'm sure with time they can get that number closer to 100% (http://btcbase.org/log/2018-02-19#1785157)

If someday Bitcoin does another 10x I will "retire" and devote all my time to exploit research on blockchain/smart contracts field. That's when I will start to have real fun.

Someone got to teach the shitcoiners why "ol' stupid bitcorn" isn't turing complete. Pain is a great way to learn (makes the lessions stick)

Turing complete is ok.... on SIDECHAINS. Main layer has to be simple and secure.

Exactly.

edit: Someone knows when rootstock is supposed to go live / be widely available?

Rootstock had a testnet up for a while in 2017. The mainnet went live in January on the birthday of the Bitcoin genesis block. Mainnet is still in beta which means that they are whitelisting the projects that are running on it (this probably means only revealing the federation address to a few projects that are helping to debug). They said this will be opened up to everyone in a few months.

[Toxic2040]

Are you seriously trying to claim that anyone that spent more than a Superbowl's worth of time looking into it cannot tell the difference between Bitcoin Cash and Bitcoin Segwit?

Yes..that is exactly what I am claiming, because most mortals wandering around this earth dont have time to look into domain names and ownership rights and what hand is beneath what sock at any given moment. They just want their shit to work and be safe and simple to use. Roger Ver, Jihan Wu and the rest of the "BCash" crew are not stupid. I for one have never claimed that. These are smart individuals with deep pockets and influence with people who have even deeper pockets. The only reason they have gotten to where they are at is they have better business acumen than Bitcoin Core had. And I stress this last point because the tide has turned. Old money has decided..and they have decided what old money always does..take the safe sure route...and that is Bitcoin.

[Elwar]

On the equity thing on the blockchain I think colored coins could work out easily, it's just an entry on a ledger just as good as an entry in some Wall Street database or a line in a book somewhere. The US folks would want to limit who can trade them though, I delved into the legality of Securities far too deeply this past year and the US has very stringent rules (which the rest of the world tends to follow) on whom can or cannot invest.

I am starting to think about the possibilities when combining colored coins and Lightning Network. Perhaps some super easy way of moving your equity, buying/selling on the cheap, perhaps some sort of simple atomic swap from bitcoin to smaller quantity bitcoin (colored coin). I wonder also about the lowest amount of satoshis that could represent the smallest quantity of an equity and still be able to send that over the network.

It can probably be done easier via Rootstock but I'm still trying to track down how easy it is for a user to go from bitcoin to a token on the RSK blockchain.

[Last of the V8s]

First a strange article https://translate.google.co.uk/translate?hl=en&sl=nl&tl=en&u=https%3A%2F%2Fwww.ftm.nl%2Fartikelen%2Fing-tether-miljardenfraude-cryptomunten%3Fshare%3D1
Money trail billions fraud with crypto coins leads to ING

Then questions to the minister
https://www.tweedekamer.nl/kamerstukken/kamervragen/detail?id=2018Z02856&did=2018D05823
1 Are you familiar with the article 'Geldspoor billions fraud with crypto coins leads to ING'?
2 What is your image of Tether and his financial position?
3 Why did the "Taiwanese banks" terminate the relationship with Tether at the time? What normally happens to the balances on the accounts in such a case?
4 What are the rules for ING regarding accepting a customer who has been sent elsewhere? Do you agree that in a case like Tether all alarm bells should go off? Why did ING proceed to acceptance of Tether?
5 To what extent can ING consciously contribute to a crime if Tether is indeed guilty of fraud or another crime?
...
probably just fud/wrong, right?

[realr0ach]

But the thing is, he probably is though. He's got a Steemit account and it's documented that he's funneling his proceeds to Bitfinex to trade.  

He's just a fkn troll trader. Probably doesn't even give a shit about silver, he's just trying to a create a bullshit troll persona on this WO thread.

I wouldn't trade on Bitfinex using your money, let alone my own.  The #1 rule of trading is to avoid a sizeable drawdown to wipe out your base, and that's definitely occurring on Bitfinex at some point soon.  As for metals, they're the only asset on earth that's not a part of the everything bubble and at historical lows compared to all other metrics like US debt, stocks, etc, making them the only asymmetric trade around.  

Metals had over a 90% correlation with US debt levels until they rigged interest rates low to try and facilitate NIRP/ZIRP (which is a failure anyway).  They can only keep them at this level for so long.  It's 100% invevitable gold will go to around $2500 in current purchasing power, with silver going to something like a 30:1 ratio of that in the bull run to get there ($75-85) in the near future.  If 1970's inflation occurrs, and it probably will because they have to try and debase the debt or it implodes, metals will get an additional +10x off that just like last time (probably more since inflation would likely be even higher when it eventually comes).

Then you have factors like the death of the petrodollar or them needing to revalue metals to extinguish the unserviceable debt if they can't do it with inflation, which will also give you retarded profits.  There's just no good investment on the planet right now except metals.  Bitcoin has zero fundamentals and thus zero value because they're all designed to centralize permissioned ledgers - invalidating any value prospect since it's value is supposed to be "decentralization".

[d_eddie]

About cucks.

The word "cuck" has nothing to do with polyamorism. I think it denotes males who get excited when they see their woman engage in sex with other men.

I've known two such guys who wanted me to get it on with their lady. One was embarrassingly insistent. This guy was hoping to step in and have a threesome actually. I had to turn him down in a cold, unfriendly manner. The other guy was shy bordering on ashamed, and sent his woman to discuss the matter. I turned that down too, but gently. I later talked alone to the lady (who was my ex), and I suggested the two of us could make a tape for him. We met in private, but the event wasn't taped in the end  

The use of "cuck" as an insult statistically indicates one or more of the following: sexual insecureness, racism, moderate right wing conservatism, fascism, ignorance, protracted adolescence.

[realr0ach]

First a strange article https://translate.google.co.uk/translate?hl=en&sl=nl&tl=en&u=https%3A%2F%2Fwww.ftm.nl%2Fartikelen%2Fing-tether-miljardenfraude-cryptomunten%3Fshare%3D1
Money trail billions fraud with crypto coins leads to ING

Sounds legit to me:

"They have used tether to keep the bitcoin course artificially high and so more suckers withdraw the game."

Wouldn't want any retarded goyim buying real money like silver or gold when Comex is already in a state of technical default forwarding EFP contracts to London.  Let's try to get them to buy imaginary, valueless tokens instead!

[d_eddie]

I don't know if moderators can edit (rather than delete) posts, but it would be nice to go through all of jbreher's contributions - some of which raise valid points and contain factually correct, useful information - and

s/Bitcoin Segwit/Bitcoin/g
s/Bitcoin Cash/BCash/g

with a FTFY note in the end, for correctness and clarity.

[JayJuanGee]

Many many words...

+10 WOsMerits  

Somewhere back we where having a delightful conversation...its buried and half forgotten.  
*Hugs*   ....moving forward.

Ditto...

It's like nothing happened, until we get into another BIG HUGE fight, and then at that time, any kind of historical (or hysterical) remnant, whether true or not, will become fair ammunition.  

Projecting our future:

Stap. You're supposed to hate each other for having differences in opinion. Have you learned nothing from politics?

Sometimes it does not matter.  Just want to vent.

[Toxic2040]

I don't know if moderators can edit (rather than delete) posts, but it would be nice to go through all of jbreher's contributions - some of which raise valid points and contain factually correct, useful information - and

s/Bitcoin Segwit/Bitcoin/g
s/Bitcoin Cash/BCash/g

with a FTFY note in the end, for correctness and clarity.

+10 WOsMerits

*edit*
JJG     

 

[thrax]

I don't know if moderators can edit (rather than delete) posts, but it would be nice to go through all of jbreher's contributions - some of which raise valid points and contain factually correct, useful information - and

s/Bitcoin Segwit/Bitcoin/g
s/Bitcoin Cash/BCash/g

with a FTFY note in the end, for correctness and clarity.

No sorry the mods can't do that. I remember serious legal threats on another forum when a mod actually altered someone else's post.

[JayJuanGee]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

The writing style does not seem like Tera..... I suppose that the account may have been sold?    She can report that, and maybe admins will freeze usage account?  but if they have no way of verifying who is the real Tera, then they might let it keep operating with the new owner... then we might get a publicly displayed battle between Tera and Tera2, perhaps?

[thrax]

The TERA account is definitely not the real Tera now.  They can barely speak English. Real Tera was quite articulate.

I doubt the real Tera would be posting in the booby coin thread like in this October post from the TERA account.

Well, it sounds pretty funny. Although it is clear that no one needs such currency. Although boobs are needed by everyone. This is a dilemma ...

[d_eddie]

I don't know if moderators can edit (rather than delete) posts, but it would be nice to go through all of jbreher's contributions - some of which raise valid points and contain factually correct, useful information - and

s/Bitcoin Segwit/Bitcoin/g
s/Bitcoin Cash/BCash/g

with a FTFY note in the end, for correctness and clarity.

No sorry the mods can't do that. I remember serious legal threats on another forum when a mod actually altered someone else's post.

I suspected it would be impossible.
We could insta-quote jbreher, then, for posterity and historical documentation.
The necessary edits could be carried out in the quote by us - simple posters, not the moderator.
The moderators could simple come in for a little cleanup after that - which would not be censorship, since the post would have already been quoted... O:-)

Maybe nasty, OK. But this is supposed to be a bitcoin forum after all. That sneaky language is a bit sickening.

[realr0ach]

jbreher's contributions

Fact #1:  Lightning Network is useless to make bitcoin mainstream and have people use it for day to day transactions, but it would create bitcoin banks on the blockchain, morphing into a hub and spoke model replicating the already existing centralized banking system.

Fact #2:  On-chain scaling is also useless because bitcoin is a currency, not money.  It's value is derived from transaction flow, not stock.  On-chain scaling is inherently a settlement system, and bitcoin is useless and valueless as a settlement system because far superior store of value settlement systems already exist like gold and silver whose value is based on stock, not flow.

So what exactly is Jbreher's contributions besides lying to people and trying to con them into buying this useless garbage instead of metals?  Bitcoin is useless as both a settlement system (money) and currency.  It's also designed to centralize, thus invalidating it's entire value prospect in the first place.

[BTCMILLIONAIRE]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

The writing style does not seem like Tera..... I suppose that the account may have been sold?    She can report that, and maybe admins will freeze usage account?  but if they have no way of verifying who is the real Tera, then they might let it keep operating with the new owner... then we might get a publicly displayed battle between Tera and Tera2, perhaps?

Perhaps some DT members would flag the Tera account if admins won't recover it.

[thrax]

I don't know if moderators can edit (rather than delete) posts, but it would be nice to go through all of jbreher's contributions - some of which raise valid points and contain factually correct, useful information - and

s/Bitcoin Segwit/Bitcoin/g
s/Bitcoin Cash/BCash/g

with a FTFY note in the end, for correctness and clarity.

No sorry the mods can't do that. I remember serious legal threats on another forum when a mod actually altered someone else's post.

I suspected it would be impossible.
We could insta-quote jbreher, then, for posterity and historical documentation.
The necessary edits could be carried out in the quote by us - simple posters, not the moderator.
The moderators could simple come in for a little cleanup after that - which would not be censorship, since the post would have already been quoted... O:-)

Maybe nasty, OK. But this is supposed to be a bitcoin forum after all. That sneaky language is a bit sickening.

I'm not certain it's illegal, but the reddit CEO made international headlines for doing it.


https://www.tweaktown.com/news/55094/reddit-ceo-caught-editing-posts-replacing-moderators/index.html


http://www.smh.com.au/technology/web-culture/reddit-ceo-admits-to-editing-users-posts-amid-protrump-troll-attacks-20161127-gsyssz.html


https://www.nydailynews.com/news/national/reddit-ceo-admits-editing-pro-trump-posts-article-1.2888933

[thrax]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

The writing style does not seem like Tera..... I suppose that the account may have been sold?    She can report that, and maybe admins will freeze usage account?  but if they have no way of verifying who is the real Tera, then they might let it keep operating with the new owner... then we might get a publicly displayed battle between Tera and Tera2, perhaps?

Perhaps some DT members would flag the Tera account if admins won't recover it.

There's no negative feedback at all left for it. I expected at least tera's new account would have left some feedback to say it's a hacked account.

https://bitcointalk.org/index.php?action=trust;u=149230

[JayJuanGee]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

good find, if it were really her you would think she would have stopped in to say hi

It's not her...


She would not be doing a signature campaign, either.

[infofront]

and confusing innocents who are not privy to the closed door shenanigans that took place.

A vanishingly small number. And completely inadvertent. If you're gonna get involved in crypto without doing your due diligence, you're gonna have a bad time. No matter what particular coin.

 for you to suggest that people are not(still) confused about this issue is ludicrous.

Are you seriously trying to claim that anyone that spent more than a Superbowl's worth of time looking into it cannot tell the difference between Bitcoin Cash and Bitcoin Segwit?

You're not being very flattering to the typical bcash holder.