Bitcoin Forum
June 16, 2019, 10:05:44 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: Closing BTC Price June 17:
$0 - 2 (1.8%)
<$6,500 - 7 (6.2%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.8%)
$7,001-$7,250 - 3 (2.7%)
$7,251-$7,500 - 6 (5.3%)
$7,501-$7,750 - 4 (3.5%)
$7,751-$8,000 - 12 (10.6%)
$8,001-$8,250 - 13 (11.5%)
$8,251-$8,500 - 6 (5.3%)
$8,501-$8,750 - 6 (5.3%)
$8,751-$9,000 - 11 (9.7%)
$9,001,$9,250 - 10 (8.8%)
$9,251-$9,500 - 8 (7.1%)
>$9,500 - 15 (13.3%)
$20,000 - 7 (6.2%)
Total Voters: 113

Pages: « 1 ... 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 [19727] 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 ... 24202 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21222280 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. (64 posts by 15 users deleted.)
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1398


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 25, 2018, 08:56:38 AM

I still see 13k happening before it crashes

We are going to have to break the down trend at some point as it reaches zero in mid May.
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Last of the V8s
Legendary
*
Online Online

Activity: 1162
Merit: 2206


Be a bank.


View Profile
February 25, 2018, 08:57:22 AM

Good luck my friend.  Search me on soundcloud Wink

will do



The WO band is taking shape guys
mindrust
Legendary
*
Online Online

Activity: 1456
Merit: 1411



View Profile
February 25, 2018, 08:58:02 AM

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

"Imagine if someone followed you around with a gun pressed against your head, and you were OK with this because “he is incentivized to not shoot me because of the threat of jail”, people would call you stupid and crazy, and yet when it comes to Bitcoin, we’re totally fine with thinking along those lines." -Cobra
Last of the V8s
Legendary
*
Online Online

Activity: 1162
Merit: 2206


Be a bank.


View Profile
February 25, 2018, 09:06:48 AM

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

"Imagine if someone followed you around with a gun pressed against your head, and you were OK with this because “he is incentivized to not shoot me because of the threat of jail”, people would call you stupid and crazy, and yet when it comes to Bitcoin, we’re totally fine with thinking along those lines." -Cobra

Yuh I posted mine before reading yours, but that has not changed my mind. The analogy is faulty. If Jihan shoots, we get a flesh wound THEN change pow. And the shooter dies. We brick his hardware. Simples.
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1398


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 25, 2018, 09:19:39 AM

Good luck my friend.  Search me on soundcloud Wink

will do



The WO band is taking shape guys

Didn’t realize that Proudhon was a muso.
ivomm
Sr. Member
****
Offline Offline

Activity: 700
Merit: 305


All good things to those who wait


View Profile
February 25, 2018, 09:21:06 AM

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html
mindrust
Legendary
*
Online Online

Activity: 1456
Merit: 1411



View Profile
February 25, 2018, 09:36:13 AM
Last edit: February 25, 2018, 09:47:18 AM by mindrust

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

"Imagine if someone followed you around with a gun pressed against your head, and you were OK with this because “he is incentivized to not shoot me because of the threat of jail”, people would call you stupid and crazy, and yet when it comes to Bitcoin, we’re totally fine with thinking along those lines." -Cobra

Yuh I posted mine before reading yours, but that has not changed my mind. The analogy is faulty. If Jihan shoots, we get a flesh wound THEN change pow. And the shooter dies. We brick his hardware. Simples.

I have to admit. That also makes sense.

But the main problem stays if we keep him alive. He'll keep owning >%51 till he decides to suicide which is unlikely because he is the leech. The parasite. Have you ever seen a kamikaze parasite? No. He'll bleed us dry till he can't.

Then he'll move to the next body. (crypto) Cobra & Luke want to kill the parasite though they don't guarantee there won't be any new parasites so I have mixed feelings on this. It is probably better to support competing companies as long as we can. But then again, bitmain can b/o any competing company when it becomes juicy enough. :/
Karartma1
Legendary
*
Offline Offline

Activity: 1792
Merit: 1070


Be Revolutionary Or Die Trying


View Profile WWW
February 25, 2018, 09:48:46 AM

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html
But this time is like a non-event  Grin

About price: how long until Batman pattern will be followed by that of Superman?
mindrust
Legendary
*
Online Online

Activity: 1456
Merit: 1411



View Profile
February 25, 2018, 09:52:33 AM

This is why GPU/CPU mining is a lot better than ASICs i think.

GPU companies have to build&sell GPUs no matter what because gamers need to game. CPU manufacturers have to build&sell CPUs no matter what because there will be a demand whether people mine crypto or not. Nvidia/AMD/Intel will be making hardware no matter what. They can't be deceived by evil crypto criminals.

But ASICs? This is cancer.

There is no way Nvidia/Intel build HW and mine Bitcoin without getting noticed but Bitmain can. Because that's their only job. Nvidia and the others can't run a 2 businesses at once. They are making GPU/CPU's and we are exploiting their business. Good for us.

Maybe Cobra is right. Better late than ever.
realr0ach
Sr. Member
****
Offline Offline

Activity: 672
Merit: 294


#TheGoyimKnow


View Profile
February 25, 2018, 09:52:52 AM

Actor Brendan Fraser from The Mummy makes announcement old Jewish man attempted to rape him and that's why he was blacklisted from Hollywood:

https://dailystormer.name/metoobro-greatest-actor-brendan-fraser-molested-by-greasy-kike-monster-philip-berk/

Did I mention 74% of the #metoo sex crimes are Jewish males?

https://squawker.org/analysis/statistics-show-74-of-metoo-perpetrators-are-jewish-men-why-isnt-the-media-talking-about-this/
mindrust
Legendary
*
Online Online

Activity: 1456
Merit: 1411



View Profile
February 25, 2018, 10:04:09 AM

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

If you can't lick it you don't own it. (Applies to both gold and bitcoin) Never trust 3rd party. Fuck ETFs
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1398


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 25, 2018, 10:31:00 AM

Mem pool almost empty again. 
mindrust
Legendary
*
Online Online

Activity: 1456
Merit: 1411



View Profile
February 25, 2018, 10:31:17 AM

"We don’t want our transactions being decided by the Chinese government. The solution is to adopt a new hybrid PoW system, possibly with a PoS combination, and choosing algorithms that are very easy and simple to build ASICs for. " -Cobra

This is where I get confused a lot. I mean... PoS?? Wtf? Wouldn't that mean removing the hard cap?

If he seriously considers PoS/PoW hybrid algo over our current PoW then its probably best to wait so the markets sort things out by itself.
ivomm
Sr. Member
****
Offline Offline

Activity: 700
Merit: 305


All good things to those who wait


View Profile
February 25, 2018, 10:32:36 AM

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html
But this time is like a non-event  Grin

About price: how long until Batman pattern will be followed by that of Superman?

From what I read on twitter shorts are rekt. They hoped for the price to fall below 9K. This is not happening for now, so they are forced to buy at the same levels 9.5K-ish they sold. The next week I expect some upward movement which may be extended in the week after that up to 15K range. If bears want to cause more than 20% drop they will need volume which is clearly lacking right now. From 15K they can try to  retrace to 12K and if lucky to 10K. Anyway, everyone has an interest that the lows are getting higher and higher, so the next ATH remains possible this year.
flynn
Hero Member
*****
Offline Offline

Activity: 728
Merit: 540



View Profile
February 25, 2018, 10:35:15 AM
Merited by jbreher (1), jojo69 (1)

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

If you can't lick it you don't own it. (Applies to both gold and bitcoin) Never trust 3rd party. Fuck ETFs

I need to tell my wife about this
Icygreen
Sr. Member
****
Offline Offline

Activity: 721
Merit: 401



View Profile
February 25, 2018, 10:43:48 AM

I'm very interested in GPU mining discussion and bitmain centralization.
As bullish as I've become on bitcoin due to learning about the fundamentals from here and others, it still lacks a pure decentralized method that would put me at ease. I think mining needs to be much more simple and perhaps built into wallets. Sort of like running uTorrent or similar p2p network where information is shared and validated among users. It seems GPU mining could be one answer in diluting the mining cartels.

  If BTC is not validated and mined natively between users, I fail to understand how we can achieve true decentralization.
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 854
Merit: 1398


Degenerate bull hatter & Bitcoin monotheist


View Profile
February 25, 2018, 10:52:17 AM

I think the belief is we will figure it out and get back there. 
realr0ach
Sr. Member
****
Offline Offline

Activity: 672
Merit: 294


#TheGoyimKnow


View Profile
February 25, 2018, 11:05:01 AM

A different question, now: how do you invest in precious metals? Do you actually buy silver and gold ingots to store, or do you purchase ETFs? I would like to include some general silver indexes in my portfolio.

It's 100% pointless to purchase metals if you don't buy physical.  All the unallocated metals are rehypothecated so there's 500+ owners per ounce.  They're just meaningless derivative contracts.  When the Comex blows up, or when the govt has to revalue gold and silver exponentially higher to extinguish the debt bubble, you will either receive $0 for your contract, or they will cash out your contract at $20 an ounce of silver right before revaluing it to hundreds of dollars an ounce.  In other words, paper owners miss out entirely on the once in a lifetime avalanche of profits.

What is the purpose of this paper hedge then?  Nothing!  It's an insurance policy that doesn't pay out.  Paper metals are worthless.  As for allocated metals instead of the unallocated variety, maybe you will get lucky, maybe not.  If the organization has any type of serious weight like that Texas bullion depository, the govt will probably try to seize it.  Things like the ETFs have a good chance of being seized, but I doubt they will attempt seizing private holder's metals again.

For one, they know zero people will give them up since nobody trusts the govt now.  Secondly, they've already done a stealth confiscation by rigging the markets 10x more than usual post-2008 and having entities like JP Morgan take delivery of the physical as an agent of the US govt at the suppressed price.  The only type of paper metals worth bothering with would be miners, but I have a feeling the govt will nationalize all assets in the ground as "deep storage" and leave anyone holding shares holding the bag.

TLDR:  Buy either Canadian Maple Leafs, 10 oz Sunshine mint bars, or kilo bars
Icygreen
Sr. Member
****
Offline Offline

Activity: 721
Merit: 401



View Profile
February 25, 2018, 11:05:10 AM
Merited by d_eddie (1)

From my current prospective, we either solve energy or we solve distribution. Perhaps both at once.  
Jacques_Bittard
Member
**
Offline Offline

Activity: 140
Merit: 10

.


View Profile
February 25, 2018, 11:07:33 AM

This is why GPU/CPU mining is a lot better than ASICs i think.

GPU companies have to build&sell GPUs no matter what because gamers need to game. CPU manufacturers have to build&sell CPUs no matter what because there will be a demand whether people mine crypto or not. Nvidia/AMD/Intel will be making hardware no matter what. They can't be deceived by evil crypto criminals.

But ASICs? This is cancer.

There is no way Nvidia/Intel build HW and mine Bitcoin without getting noticed but Bitmain can. Because that's their only job. Nvidia and the others can't run a 2 businesses at once. They are making GPU/CPU's and we are exploiting their business. Good for us.

Maybe Cobra is right. Better late than ever.

Exactly! Bitcoins mining has been idiotic since the coming of ASICs. An industry created to solve a problem that doesn't even have to exist. Billions wasted for nothing, just to follow this blind greed. With PoW, CPU mining would be the best. Access to CPU processing power is most widespread and CPUs can be utilized to a lot more tasks then just so solve one task. This would be A LOT more energy efficient and less costly to the users of the network. But because the bitcoin community is mostly one big echo chamber, this hasn't been exactly discussed.
Now, even if bitcoin would switch to CPU mining and improve by this, then it would still be the inferior technology to newer PoS models that are being developed.
The religious people of the bitcoin community are dragging down the development by setting up stupid dogmas, that wont let constructive criticism through. The rest are growing around this new idea of cryptoassets, while the bitcoin community is sitting on their dated whitepaper and singing hallelujah..
Pages: « 1 ... 19677 19678 19679 19680 19681 19682 19683 19684 19685 19686 19687 19688 19689 19690 19691 19692 19693 19694 19695 19696 19697 19698 19699 19700 19701 19702 19703 19704 19705 19706 19707 19708 19709 19710 19711 19712 19713 19714 19715 19716 19717 19718 19719 19720 19721 19722 19723 19724 19725 19726 [19727] 19728 19729 19730 19731 19732 19733 19734 19735 19736 19737 19738 19739 19740 19741 19742 19743 19744 19745 19746 19747 19748 19749 19750 19751 19752 19753 19754 19755 19756 19757 19758 19759 19760 19761 19762 19763 19764 19765 19766 19767 19768 19769 19770 19771 19772 19773 19774 19775 19776 19777 ... 24202 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!