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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26389044 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. (174 posts by 3 users with 9 merit deleted.)
HairyMaclairy
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February 20, 2018, 12:41:38 AM

Shares on a public blockchain are going to be a thing. Real shares.  Like Apple and Amazon and even Berkshire Hathaway.  Not this pretend kindergarten shit we have had so far.

But Bitcoin needs a way to record and transfer these shares.  Like colored coins.  There are a bunch of contenders for which public blockchain will win.  It will not be Ripple or Stellar. ETH is the obvious threat but they have their own problems right now.  

Do you mean all the ICO's and erc20 stuff from basically 2017?

Yes.

The legislation to support the changes is coming. It will start in the smaller, more agile countries and spread into places like the US.

Problem is that even if they wanted to meant those tokens to be shares that would make the SEC involved. So, currently, those just useless tokens with no representation of ownership.

The SEC will be involved and will bless it. It will all be fully legit.  

Blockchain makes it impossible to rehypothecate  (hmm, not quite the right term, but best I can come up with ATM), so it will not be embraced for equities until it is forced on them.  Ever tried to get a certificate for a stock you 'own'?  Since the broker sold it to 50 different people (number out of my ass) and never bought it in the first place, it is next to impossible.  But very, very profitable!  If I can make time for it, I'll try to dig up some of the articles on it.  Horrifying and fascinating at the same time...

Blockchain will be used for settlement not trading. So if you allow your cryptoshares to stay in your brokers’ account they may be lent without your permission.  Not your keys etc.  

Brokers (not exchanges) are most at threat of disruption.  At least until decentralized exchanges stop being a shit show. Then the revolution really kicks in and exchanges go the way of the dodo too.
Just for clarification. You're saying that classic exchanges will go the way of the dodo, not decentralized ones, right?

Correct.  Sorry for not being more clear.  
RayX12
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February 20, 2018, 12:49:01 AM

Congratulations to all hodlers!
I declare this train is in remote control to the moon.
 Kiss Kiss Kiss
Thank you big guys and whales.
Last of the V8s
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February 20, 2018, 12:59:04 AM

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?
BTCMILLIONAIRE
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February 20, 2018, 01:00:01 AM

Just for clarification. You're saying that classic exchanges will go the way of the dodo, not decentralized ones, right?

Correct.  Sorry for not being more clear.  
Don't worry about it. Just making sure I'm still up to date with the latest developments.
JayJuanGee
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February 20, 2018, 01:00:25 AM

You know something is up when I agree with Ibian. 

Yeah.. he's been kind of on a roll, and I had to sink so far as to send him a merit....

We are going to be in more of an alice in wonderland situation if Roach starts making any sense.
bitserve
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February 20, 2018, 01:03:37 AM
Merited by explorer (2)


Look like so. Let's see:

https://bitcointalk.org/index.php?topic=2418103.msg30650970#msg30650970
grn
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February 20, 2018, 01:05:53 AM


Quote
Various hardware:

850Ths   SHA256
4Ths       X-11
150Ghs   Scrypt


holy shit! r u really doing 850Ths?
Got some pics of your rig?
How long have you been doing it?
How much $ is your power?
Whats your ambient temp?
Do you use server PSUs? Do you have custom PSU looms?

andrew@perceive.nz

Most of my rigs are hosted
Sorry no porn for public use
Got my first S1s early 2014
Home power roughly $800/month, a few miners here
Home miners ambient this week is 1 deg C hosted I don,t know
I use APW++ and EVGA 1300s
bitserve
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February 20, 2018, 01:16:32 AM

Shorts are gonna get rekt soon.
jojo69
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February 20, 2018, 01:19:06 AM

Blockchain makes it impossible to rehypothecate  (hmm, not quite the right term, but best I can come up with ATM), so it will not be embraced for equities until it is forced on them.  Ever tried to get a certificate for a stock you 'own'?  Since the broker sold it to 50 different people (number out of my ass) and never bought it in the first place, it is next to impossible.  But very, very profitable!  If I can make time for it, I'll try to dig up some of the articles on it.  Horrifying and fascinating at the same time...

precisely

The current system is a house of cards that have been dipped in gasoline, teetering over the edge of a volcano.

I feel sorry for people that think they own stocks.

Actual, provable, ownership is what crypto is all about.
Last of the V8s
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February 20, 2018, 01:19:39 AM

Shorts are gonna get rekt soon.
First it was trousers, now it's shorts. Is this some kind of a nekkid cult?
realr0ach
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February 20, 2018, 01:22:31 AM

Shorts are gonna get rekt soon.

Mandalay Bay false flag unraveling.  Need a new event with pre-scripted Jews on television saying guns should be banned before the bullets even hit the ground.  Wouldn't want the goyim to have guns when the economy blows up to resist another debt based currency being forced on them instead of silver and gold.  Oh, better yet, teenage students actors also managed to order a permit and organize a national protest against guns well before the bullets hit the ground too!  Clearly not a George Soros/Jew scam!
JayJuanGee
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February 20, 2018, 01:23:29 AM

[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 When later this year, 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.
Looking forward to your research in 2019.

haha, I wish. I know it is perfectly possible that we do have another 10x in 2018 but.... something makes me hard to believe I will be so lucky. Wouldnt even care to wait a few more years for that. Not even if that means 10 years.

ANyway, whenever that happens you have my word you will see some exploits on my name (responsible disclosure ofc).


Some specifics might be helpful here:

1) what do you consider 10x?  $200k BTC or $100k or some number in between?

2) what do you mean by retire, exactly?  Are you cashing out some of your coins in order to invest them into some kin of funded research project?

3) Are you targeting 10x because that provides you with some cushion in the event that BTC prices experience a 90% correction and remain stagnated for a significant period of time, reminiscent of 2014-2016?

4) I do think that any investment plan that relies upon an upsurge of BTC prices does also require planning for a prolonged downturn in prices, too... and probably a 90% correction and somewhat prolonged would be the extreme of such, but really you never know for sure... but seems prudent to have plans and preparations for such within the realm of foreseeable (based on history) possibilities.
explorer
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February 20, 2018, 01:23:58 AM

Shorts are gonna get rekt soon.
First it was trousers, now it's shorts. Is this some kind of a nekkid cult?

 it seems to be the way it's trending...  Well, once we're done with the shirts and shoes...
jojo69
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February 20, 2018, 01:24:17 AM


good find, if it were really her you would think she would have stopped in to say hi
realr0ach
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February 20, 2018, 01:30:23 AM

TERA's old account is in use again. stolen?

Fake TERA seems vastly smarter than real TERA:

The ether can collapse at any time. Like any cryptocurrency.
explorer
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February 20, 2018, 01:34:23 AM

TERA's old account is in use again. stolen?

Fake TERA seems vastly smarter than real TERA:

The ether can collapse at any time. Like any cryptocurrency.

Cockroach seems vastly smarter than realr0ach
JayJuanGee
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February 20, 2018, 01:38:08 AM
Last edit: February 20, 2018, 02:02:28 AM by JayJuanGee

Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.
I disagree. It is the longest valid chain.  What is valid is up to the collective of users, and different users can have different preferences. Luckily, there is a clear leader in terms of number of users and market cap. However, if bitcoin (core) and bitcoin cash had an equal amount of supporters, we might have a hard time determining which one would be named bitcoin.


Besides your stupid-ass use of bitcoin core to describe bitcoin, and your attempt at confusion by referring to bcash as bitcoin cash, you are also suggesting that the true bitcoin is a product of it's having more networking effects.  

Many of us probably already have heard of the 7 network effects outlined by Trace Mayer, and perhaps many of us would concede that if Bcash were able to gain substantial ground in those 7 network effects, then it would be in better place to be touting itself as the "real bitcoin."  But instead, currently bcash has fuck all in those networking effects, but still wants to tout itself as the real bitcoin.. so yeah, aspirations could meet reality, even though currently bcash remains as an aspirant to become the real bitcoin rather than anything even close to the real bitcoin inspite of it sharing the same prefork history.


This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.

It's obvious that Satoshi thought about all this when he repeated the definition several times, including: "The longest chain which has the greatest proof-of-work effort invested in it" in section 4.

He had hard-forks in consideration, so the only thing that he thought of worthy differentiating between forks is what he stated above. There's no other way to be sure which chain is Bitcoin.

Satoshi also envisioned that miners would attack the contentious fork with the shortest chain and least PoW and kill it off. But that didn't happen. Because he didn't anticipate that mega miners would contentiously fork and collude to keep said fork alive (along side the main chain), and for selfish or malicious reasons. And then brokers and exchanges decide to help keep it alive as well.

Once this happened, all of the dogma of Satoshi's vision in his whitepaper got nullified. All bets are off, Katie bar the door, the end users now have the power to decide what is Bitcoin. Mega miners have fucked themselves as potential bad actors in the system. Brokers and exchanges have also now made themselves suspect.

Your response here, Torque, seems to support why in the real world, the ability to establish actual networking effects, within the contemplations of the Trace Mayer model become relevant in determining what (which) is the "real" bitcoin.
Ibian
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February 20, 2018, 01:40:07 AM

You know something is up when I agree with Ibian. 

Yeah.. he's been kind of on a roll, and I had to sink so far as to send him a merit....

We are going to be in more of an alice in wonderland situation if Roach starts making any sense.
Don't worry, he won't. At least not for a while. He is stuck in the rage phase.

Some people never move on from there. But it is not uncommon for it to take a few years. Time will tell.
HairyMaclairy
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February 20, 2018, 01:44:22 AM

The TERA account is definitely not the real Tera now.  They can barely speak English. Real Tera was quite articulate.
realr0ach
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February 20, 2018, 01:50:02 AM

Don't worry, he won't. At least not for a while. He is stuck in the rage phase.

Some people never move on from there. But it is not uncommon for it to take a few years. Time will tell.

Nice propaganda guys, claiming anyone that doesn't want to buy your fake money pump and dump is irrational.  It seems you're drinking your own Koolaid now.

Metals are an asymmetric trade where they are right now compared to every other asset on earth.  Shitcoins are NOT.  They're not only overpriced, their real value is $0 due to having zero fundamentals.  They're all designed to centralize, non-fungible, permissioned ledgers.  You cannot call such garbage money.  It never was money and never will be.  

Arguing over what it is if it's not money is pointless.  I would call them just systems of control.  Regardless, they're imaginary, valueless tokens being pump and dumped to try and deceive people and keep them away from real money - silver and gold.
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