Bitcoin Forum
June 17, 2021, 03:32:55 AM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When new ATH?
1-3 Months - 68 (50.4%)
4-6 Months - 33 (24.4%)
7-19 Month - 9 (6.7%)
9-12 Months - 3 (2.2%)
1-2 Years - 4 (3%)
>2 Years - 11 (8.1%)
Never - 7 (5.2%)
Total Voters: 135

Pages: « 1 ... 19808 19809 19810 19811 19812 19813 19814 19815 19816 19817 19818 19819 19820 19821 19822 19823 19824 19825 19826 19827 19828 19829 19830 19831 19832 19833 19834 19835 19836 19837 19838 19839 19840 19841 19842 19843 19844 19845 19846 19847 19848 19849 19850 19851 19852 19853 19854 19855 19856 19857 [19858] 19859 19860 19861 19862 19863 19864 19865 19866 19867 19868 19869 19870 19871 19872 19873 19874 19875 19876 19877 19878 19879 19880 19881 19882 19883 19884 19885 19886 19887 19888 19889 19890 19891 19892 19893 19894 19895 19896 19897 19898 19899 19900 19901 19902 19903 19904 19905 19906 19907 19908 ... 28998 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25331773 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. (157 posts by 13 users deleted.)
Biodom
Legendary
*
Offline Offline

Activity: 2716
Merit: 1890



View Profile
March 16, 2018, 11:52:02 PM

Yesterday: Lightning goes beta
Today: Visa head honcho opines on bitcoin below
https://www.cnbc.com/2018/03/16/visa-finance-chief-attacks-bitcoin-bubble.html

Lightning: would cost about 1c or even less for merchants to accept
Visa: costs 3% (at least) for merchants to accept

Hmmm, I wonder what may win out eventually
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1623900775
Hero Member
*
Offline Offline

Posts: 1623900775

View Profile Personal Message (Offline)

Ignore
1623900775
Reply with quote  #2

1623900775
Report to moderator
1623900775
Hero Member
*
Offline Offline

Posts: 1623900775

View Profile Personal Message (Offline)

Ignore
1623900775
Reply with quote  #2

1623900775
Report to moderator
1623900775
Hero Member
*
Offline Offline

Posts: 1623900775

View Profile Personal Message (Offline)

Ignore
1623900775
Reply with quote  #2

1623900775
Report to moderator
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4386


Be a bank


View Profile
March 16, 2018, 11:54:57 PM

the Sumerians invented writing. and the same folks in the same area and the same time also invented money. both inventions together made it possible for the first time in history that lots of people -that did not know each other personally- were able to cooperate to form large kingdoms, armies, large scale tax collection, religions, etc. before the Sumerians had invented money and letters/writing people only cooperated with the 100-150 people they personally knew.

I think this proposition is still in contention amongst scholars of monetary history in prehistoric times, so to speak. Since in the times of prehistory we only have proto-writings then we rely only on evidential artifacts of what society was like and what tools that had been invented by then. The Sumerian writings date to to around 3,000 BCE but we have the much much older bulla seals used as early as 8,000 BCE. Bullae seals are really the first form of writing, albeit in a pre-hieroglyphic form.

It's my theory that the evolution of bullae to inscribed tablets, for more efficient keeping of ledgers, was actually the precursor to writing. Written accounts, i.e. ledger money, was the necessity that invented writing (recording objects and numbers for accounts), eventually giving rise to the written word that was used more broadly for creative measures and historical recordings (storage and transfer of value) came along afterwards as a subsequent invention.

tl;dr the invention of money first as Bullae and then as written ledgers had necessarily invented a form of the written word before the Sumerians ... not writing was invented and then written ledgers came along afterwards.
Somewhat related is Beautyon's characterisation of Bitcoin as text https://hackernoon.com/why-america-cant-regulate-bitcoin-8c77cee8d794
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1400
Merit: 2170


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 16, 2018, 11:55:12 PM

So we going to get one of those weekend pumps instead of dump?

Exactly my hunch. I got it while following the price more closely than usual, scalping my short up. I'm gonna have a hard weekend for sure :-)

Quote

This sounds like bullshit. It can't be true. Such a business model leaks too much profit if the underlying cryptocurrency appreciates.

I assume both principal and interest is payable in BTC.
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
March 16, 2018, 11:55:56 PM

We are managing to stay out of the Swamps of Anger.  



Although the price line seems to have changed Dark Forest to Dank Forest.
Where exactly is the dungeon of capitulation? Negative prices?
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
March 16, 2018, 11:56:10 PM

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?
...that has nothing to do with the number of transactions.
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1400
Merit: 2170


Degenerate bull hatter & Bitcoin monotheist


View Profile
March 17, 2018, 12:02:11 AM
Merited by jojo69 (2), jbreher (1), Colonel Panic (1)

We are managing to stay out of the Swamps of Anger.  



Although the price line seems to have changed Dark Forest to Dank Forest.
Where exactly is the dungeon of capitulation? Negative prices?

It’s the Wall Observer $1,000 Party.  It’s being held at a time share resort in Milwaukee.  We are all going to drink Pabst Blue Ribbon and listen to a lecture on physical silver by Roach. 
Anon136
Legendary
*
Offline Offline

Activity: 1722
Merit: 1216



View Profile
March 17, 2018, 12:02:55 AM

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?
...that has nothing to do with the number of transactions.

Can you be more specific? What has nothing to do with the number of transactions?
d_eddie
Legendary
*
Offline Offline

Activity: 1456
Merit: 1325



View Profile
March 17, 2018, 12:03:49 AM

A 200-250$ dip down, almost instant. We won't see BMB/Rosewater for some time, I'm afraid.
fragout
Legendary
*
Offline Offline

Activity: 1278
Merit: 1018


View Profile
March 17, 2018, 12:04:41 AM

Yesterday: Lightning goes beta
Today: Visa head honcho opines on bitcoin below
https://www.cnbc.com/2018/03/16/visa-finance-chief-attacks-bitcoin-bubble.html

Lightning: would cost about 1c or even less for merchants to accept
Visa: costs 3% (at least) for merchants to accept

Hmmm, I wonder what may win out eventually

"This is the ultimate thing that you hear about when you have a bubble, when the guy shining your shoes tells you what stock to buy," the Visa executive said.

This quote sums up the mentality of these guys
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
March 17, 2018, 12:08:21 AM

We are managing to stay out of the Swamps of Anger.  



Although the price line seems to have changed Dark Forest to Dank Forest.
Where exactly is the dungeon of capitulation? Negative prices?
It begins somewhere between 7500 and 5000. Which would be a lovely problem to have for a lot of us.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
March 17, 2018, 12:09:48 AM

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?
...that has nothing to do with the number of transactions.

Can you be more specific? What has nothing to do with the number of transactions?
The number of transactions has nothing to do with the choice to build a data center.
JayJuanGee
Legendary
*
Offline Offline

Activity: 2660
Merit: 4103


How much alt coin diversification is needed? 0%?


View Profile
March 17, 2018, 12:10:21 AM

Yesterday: Lightning goes beta
Today: Visa head honcho opines on bitcoin below
https://www.cnbc.com/2018/03/16/visa-finance-chief-attacks-bitcoin-bubble.html

Lightning: would cost about 1c or even less for merchants to accept
Visa: costs 3% (at least) for merchants to accept

Hmmm, I wonder what may win out eventually

Visa is not going to go down that easy and without a fight, so they are likely going to have to play dirty - and likely also be forced to lower their fees, too.... 
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
March 17, 2018, 12:10:55 AM

Yesterday: Lightning goes beta
Today: Visa head honcho opines on bitcoin below
https://www.cnbc.com/2018/03/16/visa-finance-chief-attacks-bitcoin-bubble.html

Lightning: would cost about 1c or even less for merchants to accept
Visa: costs 3% (at least) for merchants to accept

Hmmm, I wonder what may win out eventually

"This is the ultimate thing that you hear about when you have a bubble, when the guy shining your shoes tells you what stock to buy," the Visa executive said.

This quote sums up the mentality of these guys
That line is not wrong, seen in isolation, to be fair. It's just that not everything is a bubble.
Anon136
Legendary
*
Offline Offline

Activity: 1722
Merit: 1216



View Profile
March 17, 2018, 12:10:59 AM

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?
...that has nothing to do with the number of transactions.

Can you be more specific? What has nothing to do with the number of transactions?
The number of transactions has nothing to do with the choice to build a data center.

ooooookkkkkk. You are off on a different planet buddy.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
March 17, 2018, 12:12:28 AM

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?
...that has nothing to do with the number of transactions.

Can you be more specific? What has nothing to do with the number of transactions?
The number of transactions has nothing to do with the choice to build a data center.

ooooookkkkkk. You are off on a different planet buddy.
Open source. We know how it works. Have known from the start.

You are the one making an assertion here. In what way does the number of transactions force miners into data centers?
Biodom
Legendary
*
Offline Offline

Activity: 2716
Merit: 1890



View Profile
March 17, 2018, 12:13:45 AM
Merited by JayJuanGee (1)

Yesterday: Lightning goes beta
Today: Visa head honcho opines on bitcoin below
https://www.cnbc.com/2018/03/16/visa-finance-chief-attacks-bitcoin-bubble.html

Lightning: would cost about 1c or even less for merchants to accept
Visa: costs 3% (at least) for merchants to accept

Hmmm, I wonder what may win out eventually

Visa is not going to go down that easy and without a fight, so they are likely going to have to play dirty - and likely also be forced to lower their fees, too....  

highlighted...thereby becoming a great short, perhaps.
Anon136
Legendary
*
Offline Offline

Activity: 1722
Merit: 1216



View Profile
March 17, 2018, 12:17:27 AM

Satoshi vision conference ?

Is there any evidence AT ALL that satoshi's vision was to "scale" bitcoin by cramming more and more transactions into blocks until the point where full node operators need to open a data center and purchase a T1 line? Where the hell does ver get this crap about this being "satoshi's vision"?
...that has nothing to do with the number of transactions.

Can you be more specific? What has nothing to do with the number of transactions?
The number of transactions has nothing to do with the choice to build a data center.

ooooookkkkkk. You are off on a different planet buddy.
Open source. We know how it works. Have known from the start.

You are the one making an assertion here. In what way does the number of transactions force miners into data centers?

Doesn't legendary mean anything? You understand that transactions are made of data right? Processing more of them requires more bandwidth than processing less of them, right? Why am I having this ridiculous conversation? Are you high?
bitserve
Legendary
*
Offline Offline

Activity: 1512
Merit: 1283


Self made HODLER ✓


View Profile
March 17, 2018, 12:24:02 AM

A 200-250$ dip down, almost instant. We won't see BMB/Rosewater for some time, I'm afraid.

Last time we heard from him he was mumbling something about exiting in stages (dollar cost averaging).

Hope he is ok and didn't sell more than enough to have some peace of mind and restored confidence in his hodling abilities.
JayJuanGee
Legendary
*
Offline Offline

Activity: 2660
Merit: 4103


How much alt coin diversification is needed? 0%?


View Profile
March 17, 2018, 12:27:05 AM

We are managing to stay out of the Swamps of Anger.  



Although the price line seems to have changed Dark Forest to Dank Forest.
Where exactly is the dungeon of capitulation? Negative prices?
It begins somewhere between 7500 and 5000. Which would be a lovely problem to have for a lot of us.


If we have been into bitcoin for any period of time, then I would not characterize a drop between $7500 and $5k as any kind of a "lovely" problem, even though it may be a manageable problem in which we could make lemonade out of lemons.

Furthermore, if you have been in the BTC space for any kind of significant period of time, even if you may be decently prepared for further downwards price movements, you have had plenty of opportunities to accumulate bitcoin at lower prices, so there really does not seem to be any "lovely" reason(s) to experience further downward price movements, except merely some of the additional purging of weak hands that is likely to occur and also the possibilities of some of the additional purging of some of these alt coin and scam ICO projects that would also be likely to occur with further downwards price plays.
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
March 17, 2018, 12:28:54 AM

Doesn't legendary mean anything?
Good fucking question.
Pages: « 1 ... 19808 19809 19810 19811 19812 19813 19814 19815 19816 19817 19818 19819 19820 19821 19822 19823 19824 19825 19826 19827 19828 19829 19830 19831 19832 19833 19834 19835 19836 19837 19838 19839 19840 19841 19842 19843 19844 19845 19846 19847 19848 19849 19850 19851 19852 19853 19854 19855 19856 19857 [19858] 19859 19860 19861 19862 19863 19864 19865 19866 19867 19868 19869 19870 19871 19872 19873 19874 19875 19876 19877 19878 19879 19880 19881 19882 19883 19884 19885 19886 19887 19888 19889 19890 19891 19892 19893 19894 19895 19896 19897 19898 19899 19900 19901 19902 19903 19904 19905 19906 19907 19908 ... 28998 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!