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

[Ibian]

Bitcoin's market-cap is now a mere $100 billion.

Bitcoin is still measured in dollars and not dollars in Bitcoin :/

It's measured in purchasing power and always will be.

btw re: narcissism: Their defining traits are hate and envy. That's where what people commonly think of as narcissistic symptoms come from.

[Searing]

By the way ...does anyone think that Jihan Wu of Bitmain has the will or the balls to do a 51% attack on BTC? This being 1) his ego and 2) his efforts in BCH.

here is the link


https://cryptobriefing.com/bitmain-51-attack-bitcoin-network/

Better minds on here then myself ...if you were an 'evil genius' and planning this...how would it go down and what would you do?

(sorry, not evil genius material...simply trying to follow along on how this would be done ...as a loyal 'evil genius minion', don't ya know!

(do crypto they said in 2013, be a nice hobby, help micro-lending in India they said...sheesh...what a ride now in hindsight..and no end in sight yet!)

[Ibian]

By the way ...does anyone think that Jihan Wu of Bitmain has the will or the balls to do a 51% attack on BTC? This being 1) his ego and 2) his efforts in BCH.

here is the link


https://cryptobriefing.com/bitmain-51-attack-bitcoin-network/

Better minds on here then myself ...if you were an 'evil genius' and planning this...how would it go down and what would you do?

(sorry, not evil genius material...simply trying to follow along on how this would be done ...as a loyal 'evil genius minion', don't ya know!

(do crypto they said in 2013, be a nice hobby, help micro-lending in India they said...sheesh...what a ride now in hindsight..and no end in sight yet!)

The real problem is not a Doctor Evil scenario, but human nature. When there is an incentive to cut corners then, over time, more people will do so. Eventually concern for properly verifying signatures could decay to the point where more miners don't than do. Who knows what could happen after that.

Honesty is a weak thing. Only the strong have the luxury of morals, and the fiercer mining competition becomes the less honest miners will be.

[jbreher]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

[babanana]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

[DaRude]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

Wait you're seriously one of those that are willing to pay higher transaction fees because you fear that segwit will be unraveled? I mean 30% of all of the transaction have been segwit for quiet some time now, i'm willing to bet that vast majority of coins touched segwit at some point in their life. Like it or hate it segwit is here to stay and you have to be next level delusional still trying to preach spend by any mantra

[mindrust]

%43 btc dominance yeehaa death to shitcoins. 

[Ibian]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

I don't like yogi more than anyone else here, but it is a valid question. Why choose segwit over legacy? Anyone is welcome to chime in.

[JayJuanGee]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

Get the fuck out of here with your "bite" bullshit and suggesting that I am inadequately explaining myself.. as if I were a troll like you who is now harping on spreading FUD about segwit and amplifying any kind of misinformation and speculative bullshit about supposed scenarios of segwit that have nearly a snowball's chance in hell of happening... something close to that low.. but peeps are gullible and getting worried about bullshit scenarios..

Anyhow, I believe that I already sufficiently explained most all aspects of this and indicated that using the segwit system is supporting the segwit system (which is the current direction of bitcoin.. hello?)... and surely it remains prudent to participate into some thing that you support.. that is called investment into something that you support rather than saying that you support it and not putting your money (at least some of it) where your mouth is and your sentiments..

Investing some (rather than all) is engaging in incrementalism rather than all or nothing methodology to attempt to parallel level of confidence (rather than self-centeredness that does not capture true personal sentiment). 

Furthermore, none of these things are all or nothing scenarios because they are based on probabilities about the future rather than absolutes, and apparently Infofront has lost a decent amount of confidence in segwit (which is likely not a 100% loss of confidence, even though he has stated that such loss of confidence is causing him to store BTC in legacy BTC addresses rather than segwit addresses.   Sure, in the end it is quite likely that bitcoin is going to win, including segwit, but apparently Infofront has lost confidence.., and that is why any of us should be attempting to approximate the allocation of our investment in accordance with  our sentiments and our views of probabilities of future market direction(s).

Finally, if you imagine a world in which everyone is pulling out their investment from segwit, then that provides the wrong dynamics, incentives and supports and could cause the bullshit FUD scenario to become more likely and then end up playing out like a self fulfilling prophecy to cause a not too likely scenario into becoming more likely.

[Ibian]

Get the fuck out of here

You are a boring talky man. At least try some new material.

[jbreher]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

I did not say anything about BCH. The topic is clearly segwit.

What the fuck are you talking about... you MORON.

[jbreher]

%43 btc dominance

Well, at least we get a silver lining.

[JayJuanGee]

Get the fuck out of here

You are a boring talky man. At least try some new material.

Oh my!!!!!!! Can you focus goofball Ibian?

I have several posts in recently in which I respond to you (and your posts) and I responded to various substantive issues.

Instead of attempting to address the various topics and to stay on track, you seem to purposefully get distracted into nonsensical and irrelevant personality (or tone or style) issues?  

Get a fucking grip, because tone is merely a means to highlight or emphasize issues (and so fucking what if there is some repetition in the tone or style?  

How am I supposed to draft my posts, like a poet?   Get real....

Focus Ibian, Focus.  Stay on the road, and don't get caught up in the trees.    

[Ibian]

Get the fuck out of here

You are a boring talky man. At least try some new material.

Oh my!!!!!!! Can you focus goofball Ibian?

I have several posts in recently in which I respond to you (and your posts) and I responded to various substantive issues.

Instead of attempting to address the various topics and to stay on track, you seem to purposefully get distracted into nonsensical and irrelevant personality (or tone or style) issues?  

Get a fucking grip, because tone is merely a means to highlight or emphasize issues (and so fucking what if there is some repetition in the tone or style?  

How am I supposed to draft my posts, like a poet?   Get real....

Focus Ibian, Focus.  Stay on the road, and don't get caught up in the trees.    

Brevity would be a start.

[JayJuanGee]

%43 btc dominance

Well, at least we get a silver lining.

"we"  ? 

Are you one of the described "we", jbreher?

[mymenace]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

I don't like yogi more than anyone else here, but it is a valid question. Why choose segwit over legacy? Anyone is welcome to chime in.

Why choose segwit over legacy?

To ensure a consistent economy subject to the whim of the central bankers

To continue useless debate to divide the bitcoin masses

To watch manipulated markets and try and guess them with TA

[Last of the V8s]

@jjg you tried to insult me twice overnight with your false equivalences
your vacuous verbosity
your inane sputterings
your fishwife babble
your neotenic prate
your dullard drivel

but meh, you are but a fly on the dags on this magnificent bull

[kaicrypzen]

By the way ...does anyone think that Jihan Wu of Bitmain has the will or the balls to do a 51% attack on BTC? This being 1) his ego and 2) his efforts in BCH.

here is the link

https://cryptobriefing.com/bitmain-51-attack-bitcoin-network/

Short answer: No

Long answer:
It somehow still baffles me how some people always expect the worse and get ahead of themselves and events with what-ifs.

I can probably safely assume that the hashrate of these pools is not restricted to Jihan Wu's faithful soldiers, so even if Jihan intended to do a 51% attack, I assume that other miners would leave the pools to prevent that, unless all of them are on board with the attack, which seems quite hard to imagine.

Why would he do that and kill his business and his reputation? Does anyone here think that if a 51% attack is done on the Bitcoin network any other crypto would survive? That'll probably be the end of an industry that I believe could be worth trillions in the not-so-far future.

In my opinion, This is just another pseudo-journalism salary-justifying FUD-spreading article.

As usual, this is just my opinion and I'll be happy to hear different thoughts.

[babanana]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

I did not say anything about BCH. The topic is clearly segwit.

What the fuck are you talking about...

Why don't you start your own thread and stay there you MORON.
Go away. The stink of BTrash is with you.

[TReano]

So even if you have some skepticism of segwit, it might be prudent of you to support the actual (rather than hypothetical) direction of bitcoin by storing a portion of your coins on segwit, even if, you decide to follow through and store the vast majority in legacy addresses

All right, I'll bite...

What about storing some value on a segwit address is prudent?

FUCK off. Your BTrash is a trash coin. A shitcoin. don't leave your shitcoin here. Open your own fucking thread moron.

I did not say anything about BCH. The topic is clearly segwit.

What the fuck are you talking about...

I love how all the Bitcoin-Cash hater use insulting language and have a new account with 4 posts. Pathetic.

Why don't you start your own thread and stay there you MORON.
Go away. The stink of BTrash is with you.

I love how all the B-Cash haters only use insults with a new 4 posts old account. It's unbelivable what is going on in this community. Complete Censorship on reddit for years, Troll accounts everwhere....