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Question: When will we see a new ATH?
2023 - 38 (26%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25995590 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. (170 posts by 5 users with 9 merit deleted.)
babanana
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June 29, 2018, 11:44:46 AM

1. You have no clear grasp of what lightning network is and how it works and you dont understand the code behind it.

Lol. Obtain a non-anonymous user account then let’s battle someday. I will fry you to a crisp son.

I'm not going to dismiss it without some further reading and investigation, but it seems like a leap to me.

Dig deep, otherwise you’ll end up like Carlton Banks in his recent debate with me.

Let us the young ones handle this. Big old trees are hard to uproot they do get uprooted.
Step aside and watch the sunset. You'll find beauty in it and everything will not matter.
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June 29, 2018, 12:09:24 PM
Last edit: June 29, 2018, 12:20:27 PM by vroom
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Really I don’t have time for this right now. But I will be back at the right time. I would rather let Core dig a deeper hole for themselves first. Why interrupt the enemy when they are in the process of destroying themselves.

I thought you really have some arguments but sentences like this marks you as a bcash shill.
If you are really that smart and see problems where dozens of developers don't, join them and help to make bitcoin better. Instead you are fighting a personal war with your "enemy". I can't take you serious anymore.

edit: this looks like a pre mempool spam campaign. bring people back to legacy addresses, spam mempool, profit from higher fees?
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June 29, 2018, 12:25:00 PM

Put on your tin foil hat:

Quote
Are why I have concluded that “Satoshi Nakamoto” was a pseudonym obscuring a secret task force of the “Satan’s global elite” and Bitcoin was mostly likely designed by the global elite in order to surreptitiously foist a world central bank by way of creative destruction of their own nation-state central banks. Note the natural law’s (i.e. collective human nature and physics of the universe) “Satan” wants to own your soul with the coming 666 system and thus Satan’s global elite always must give you your free will and allow you to choose to enslave yourself. Thus Satoshi never outright lied, but rather employed double-speak and deceptive truths. He was perfectly accurate with exquisite, meticulous attention to detail.

The word "global elite" is a word used by only two people:

1)  People who are scared to name the Jew

2)  People like Sean Hannity and Alex Jones who attempt to distract people's attention away from the evil Jewish cult and claim all the bad things going on are orchestrated by some white fraternity guys instead of Jews

The doctrine of the evil Talmudic Jew claims they're "the chosen ones" and they're supposed to rule over the planet with everyone else being their slaves, and that's exactly what they attempt to accomplish on a daily basis - making you their slave.  The system, or so called "elites", is nothing more than Jewish money changers and their shabbos goyim servants.  That's it.  Nothing more.

All the skull and bones and other morons are just useful idiots of the Jews - blackmailed and expendable puppets they use as actors to stand in front of the public and take heat while they set policy for their puppets to enact behind the scenes.  At the beginning, these people believe they're entering into some type of high level club, but this is false; the only goal is to make them compromised and subject to accept any orders given to them.  The top shabbos goyim servant who takes orders directly from the Jewish money changers will always be blackmailed by the most severe of crimes involving things like the Jeffrey Epstein Lolita Express.  Shabbos goyim under him that he issues orders to will be involved in lesser crimes like financial bribes.  

It's people like Marco Rubio who are the stereotypical, compromised, shabbos goyim slaves.  They're not in any way "elite" or part of some club, they're nothing but expendable slaves.  None of the high level Jews like Soros, Kissinger, or all the top evil cult Rabbis are being blackmailed.  All the top white so called 'leaders' are being blackmailed, and the top white religious figures like the pope who always have some form of sex crime card that can be played against them.  It's all Jewish control through blackmail and usury scams.
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June 29, 2018, 12:28:34 PM

I'm not going to dismiss it without some further reading and investigation, but it seems like a leap to me.

Dig deep, otherwise you’ll end up like Carlton Banks in his recent debate with me.


All your evidence is circumstantial.

So without digging down into the individual points, which I have little doubt are factually correct;

With such a vast range of facts to draw-from after the fact, you will no doubt find many that are supportive.
You have cherry picked a number of factual situations and used inference to connect it to your initial supposition.
It's the same thing all the conspiracy theorists do.

Not being able to disprove something doesn't give it any more weight.
Being cool and something many of us want to believe, doesn't give it any more weight.
A combination of cherry picked events/facts with plausable explanations which support your initial suppostion doesn't give it any more weight.
The sum of the parts is zero.


Truthfully, I'm open to your idea, but you need something more, what have you got that really supports what you believe?
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June 29, 2018, 12:30:59 PM

Really I don’t have time for this right now. But I will be back at the right time. I would rather let Core dig a deeper hole for themselves first. Why interrupt the enemy when they are in the process of destroying themselves.

I thought you really have some arguments but sentences like this marks you as a bcash shill.
If you are really that smart and see problems where dozens of developers don't, join them and help to make bitcoin better. Instead you are fighting a personal war with your "enemy". I can't take you serious anymore.

edit: this looks like a pre mempool spam campaign. bring people back to legacy addresses, spam mempool, profit from higher fees?

Exactly. He is trying to spread FUD and make people use legacy addresses so his team of thieves will be spending less resources to fill the blocks.

Mass spam attack incoming.
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what is this "brake pedal" you speak of?


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June 29, 2018, 12:54:56 PM


So you can expect that (Satoshi not Core) Bitcoin will be only for $billionaires by then with $50,000 transaction fees. But that is what is necessary for our BTC to go to $1 million.

Again I don't understand what the fuck you are talking about.. because now you seem to be suggesting that you will have to be a billionaire to be able to use bitcoin by 2032?  sounds like nonsense to me.  Have you heard of segregated witness that facilitates the development of second layer solutions, such as lightning network?   The combination of on-chain and off-chain solutions, and various developments in that direction will likely negate your suggestions that bitcoin is evolving into elitism.

short version, from my limited understanding: if you have coins that you have had pre aug 2017 (the core/bcash split) and have only been moved to legacy core addys since (and are not contaminated with segwit lineage), those are so called satoshi coins and will survive a segwit doom scenario.

last of the v8s posted a link upthread to the satoshi coin site run (afaik) by trilema.

i have made sure the bulk of my coins from have stayed in non segwit addys, most from paper wallets from 2013.. after the split (bcash and core are considers splits from the satoshi coin chain) i xfred to non segwit core addys and sold that bcash crap).

i do have some segwit coins, those are the "spending" coins i use for buying stuff like pm and newegg etc. satoshi coins are for long term hodl.






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June 29, 2018, 01:02:39 PM
Last edit: June 29, 2018, 01:44:03 PM by realr0ach
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People who praise Lightning Network as being a good thing have got to be the dumbest people walking the planet.  Forgot the millions of other issues with LN, the simple fact that each channel you open's balance does NOT provide liquidity to other channels you have open forces it into a system of liquidity providers - TBTF banks on the blockchain.  Meaning if you have say, $1000 to your name, and you have 10 channels open with the grocery store and whoever else all with $100 in each one, those channels cannot be combined to make a $500 payment somewhere else.

The only possible evolution of such a system is the common end user having only A SINGLE channel open with a bank, and then that bank routes their payments to other channels while charging them usury fees EXACTLY like the banking system that already exists.  Once this LN system is in place with everything routed through the bank hubs, there is no reason for the base bitcoin network to exist because LN takes precedent.  You can close down bitcoin and they can replace bitcoin tokens with any other kind of token or go completely fractional reserve. Lightning network is the biggest scam conjob on the face of the earth.  

Some people are going to claim LN can somehow be made to function by having things all automatically route around at random without going through any centralized gateways, but this is complete bullshit.  The characteristics of channels themselves and the overhead to create one is designed in a manner that severely promotes vendor lock-in to one external party you generally never change or seldom change.  There is no logical reason to have any type of constantly morphing topography or constantly changing routes through that topography.  It would be a very stale and centralized system like a normal highway.  People would open a single channel to Bank of America then never screw with it again because it's the most efficient route.  

So without further delay, this is the only possible way LN can function:

babanana
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June 29, 2018, 01:08:12 PM

Really I don’t have time for this right now. But I will be back at the right time. I would rather let Core dig a deeper hole for themselves first. Why interrupt the enemy when they are in the process of destroying themselves.

I thought you really have some arguments but sentences like this marks you as a bcash shill.
If you are really that smart and see problems where dozens of developers don't, join them and help to make bitcoin better. Instead you are fighting a personal war with your "enemy". I can't take you serious anymore.

edit: this looks like a pre mempool spam campaign. bring people back to legacy addresses, spam mempool, profit from higher fees?

Exactly. He is trying to spread FUD and make people use legacy addresses so his team of thieves will be spending less resources to fill the blocks.

Mass spam attack incoming.

I see him as a wannabe. But lets give the benefit of doubt.
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June 29, 2018, 01:16:52 PM



 Thanks!  Good information in those links.
  I had to go to bed early though - last day of the school year, excited child, no rest for the wicked etc...


OT: Meanwhile in the "No one seems to give a shit but really should give a shit" news :

https://finance.yahoo.com/news/deutsche-banks-u-operations-fail-second-leg-fed-203401923--sector.html

  Actually, this info was in the barrons link mymenace posted last night though the article you posted is perhaps slightly more detailed.

 
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June 29, 2018, 01:31:20 PM

BCash Observer Ver/LN - Ego war movement tracking & discussion.
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June 29, 2018, 01:36:41 PM

last of the v8s last of the pro-cashless society slave system, anti-silver and gold trilemma shills

fixed
Speculatoross
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this is not a bounty avatar


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June 29, 2018, 01:40:30 PM

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?
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June 29, 2018, 01:46:33 PM


Seems like you are transitioning over to the darkside, infofront?


Nein. Just trying to think about bitcoin more critically. I won't be pulling an Adam.
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June 29, 2018, 01:49:16 PM

What if BTC reach 5k$ and stays like that for, idk, 15 years?
No whales bs, no trades speculation, no any no-sense

Could we start spend it like if it was a decentralized cryptocurrencies?

Is this a possible world?

I doubt it’s possible the price could stay at $5,000 for 15 years. Miners wouldn’t be able to turn a profit even after the next halving at $5,000. 15 years will see 4 block reward halvings (including the one in 2020).

Most miners would have to turn off their machines & stop business in 2024 at a rate of $5,000 per bitcoin.
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June 29, 2018, 01:55:53 PM

I won't be keeping my cold storage coins in a segwit address though.


None of mine are in segwit addresses.

Months ago I asked some technical questions about segwit addresses not having private keys, and nobody answered. Since then, I only used segwit addresses as entry adresses, but not as storage.

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June 29, 2018, 02:05:32 PM
Last edit: June 29, 2018, 02:21:18 PM by mindrust
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I won't be keeping my cold storage coins in a segwit address though.


None of mine are in segwit addresses.

Months ago I asked some technical questions about segwit addresses not having private keys, and nobody answered. Since then, I only used segwit addresses as entry adresses, but not as storage.



According to the doomsayers and FUDcallers, this is not going to save you.

Your coins need to be on a pre-fork/non-segwit address. Any coins you receive after the fork will most likely to have a segwit background. Since the adoption grows, the chances of getting non-segwit coins are becoming less and less. *fudcaller denied this.

These doomsayers and fudcallers basically want you to dump and not use segwit and threatening us with a %51 attack. (they are after reverting all the segwit transactions btw) *denied this too.

If they do a successful %51 attack and manage to hurt countless people, there will be a bounty for their fucking heads.

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.

As I said before, they are nothing but a bunch of *aggots.
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June 29, 2018, 02:19:56 PM

According to the doomsayers and FUDcallers, this is not going to save you.

Your coins need to be on a pre-fork/non-segwit address. Any coins you receive after the fork will most likely to have a segwit background. Since the adoption grows, the chances of getting non-segwit coins are becoming less and less.

That is not true. I already corrected that mistaken thinking. Please see my reply to vapourminer.

Again I will delete this post.

Protection is provided by hodling in legacy addresses regardless of the lineage.

What rational individual would choose to not hodl in legacy addresses. Why take on the risk? Because you love Core? Oh please go ahead. Hodl in Core addresses. So then if ever the hardfork comes, you will not be able to sell the Satoshi tokens and buy Core tokens if you want to support Core.

But then that sort of indicates that Core is a failure if nobody can ever trust to hodl their addresses.

The game theory is undeniable.

Its not "Core" its Bitcoin and a big blocks hardfork is only existent in your dreams, deal with it.

Segwit is part of bitcoin now and no sane miner will burn his business by attacking bitcoin.
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June 29, 2018, 02:20:41 PM

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.


I dont use segwit for storage, not because of the FUDsters, but because it was not clear if the segwit adress use the same private key of the legacy adress that was used to create it, or if it dont have a private key at all. Since this was never cleared, I keep the cold storage in legacy adresses. Today, this dont make too much of a difference, since the fees are very low.

A legacy address start with 1, a segwit start with 3. This was technically cleared, and it dont matter when the address was created.
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June 29, 2018, 02:22:50 PM
Last edit: June 29, 2018, 02:59:27 PM by mindrust

If you get scared and don't use segwit addresses, then segwit adoption will slow down and eventually we'll go back to where we have started and then they'll be pushing for a block size increase again.


I dont use segwit for storage, not because of the FUDsters, but because it was not clear if the segwit adress use the same private key of the legacy adress that was used to create it, or if it dont have a private key at all. Since this was never cleared, I keep the cold storage in legacy adresses. Today, this dont make too much of a difference, since the fees are very low.

A legacy address start with 1, a segwit start with 3. This was technically cleared, and it dont matter when the address was created.

I agree for hodlers it doesn't make a difference.

But then if the threat is real, why use segwit addresses or bitcoin completely at all? You wouldn't even use bitcoin and probably want to dump it away if you even have the slightest doubt about his security.

See what the Fudcaller have done to you?

Now you have doubts and thinking if btc is safe or not. Safety is the #1 selling point of bitcoin.
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June 29, 2018, 02:29:51 PM

%43 btc dominance

Well, at least we get a silver lining.

"we"  ? 

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

Of course. If you don't know I have significant holdings of BTC, you haven't been paying attention.
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