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Question: Closing BTC Price June 17:
$0 - 2 (1.7%)
<$6,500 - 7 (6%)
$6,500-$6,750 - 1 (0.9%)
$6,751-$7,000 - 2 (1.7%)
$7,001-$7,250 - 3 (2.6%)
$7,251-$7,500 - 6 (5.1%)
$7,501-$7,750 - 4 (3.4%)
$7,751-$8,000 - 12 (10.3%)
$8,001-$8,250 - 13 (11.1%)
$8,251-$8,500 - 6 (5.1%)
$8,501-$8,750 - 6 (5.1%)
$8,751-$9,000 - 11 (9.4%)
$9,001,$9,250 - 10 (8.5%)
$9,251-$9,500 - 10 (8.5%)
>$9,500 - 16 (13.7%)
$20,000 - 8 (6.8%)
Total Voters: 117

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21224115 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
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August 12, 2018, 09:11:19 PM
Last edit: August 12, 2018, 09:41:35 PM by HairyMaclairy
Merited by bones261 (2)

There have been a distinct lack of “Bitcoin is dead” headlines in the newspapers.   Maybe I am missing them but I am not seeing them.

On Monero, ironically I have been called a Monero shill in this thread if you go back far enough.  I think it is the second best crypto currency now that it is becoming apparent that Vitalik has lost his way.  He is becoming increasingly desperate to solve the scaling problem he has created, which was entirely predictable and was in fact predicted.   Exhibit one is his claim of a consensus mechanism that only requires 1% of nodes to be honest:   https://www.trustnodes.com/2018/08/10/vitalik-buterin-proposes-consensus-algorithm-requires-1-honest

However we need to be wary of anyone that claims to be fixing Bitcoin’s mistakes. Bitcoin is a finely balanced construct and if you take away any of the qualities, you disrupt the balance.

I think Monero’s tail emissions were a major error in judgement.  Yes I know they are only 0.6 XMR per block but they are permanent inflation.  Yes I know they are supposed to be fixing “Bitcoin’s mistake” by providing long term income for miners. But by doing so, Monero forgot one of the tenets of a ‘store of value’.  Which is you don’t allow your store of value to be continually chipped away at by inflation.  We should be extremely wary of anyone claiming to fix Bitcoin’s mistakes.

*Vitalik claimed he was fixing Bitcoin’s mistakes by enabling a Turing complete blockchain.
*Roger Ver claimed he was fixing Bitcoin’s mistakes by increasing the block size.  
*Accenture says that Bitcoin’s mistake was an immutable record:  https://www.nytimes.com/2016/09/10/business/dealbook/downside-of-virtual-currencies-a-ledger-that-cant-be-corrected.html

So I think Monero is great.  It is the cryptocurrency “most likely to succeed” in the event that Bitcoin fails, particularly if that failure mode is a global government ban.  But Monero proponents would do well not to claim they have fixed Bitcoin’s problems, because there isn’t a good track record for people who have claimed that.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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lightfoot
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August 12, 2018, 09:13:44 PM

The huracan does 0-60 between 2.8 to 3.3 seconds depending on model, not exactly slow.  The performante is a track monster.  

Did you have it Corsa mode or did they put it in soft auto Strada mode?

Any huracan would kill a diablo around a track, Aventador is the current flagship V12 after the murcielago (not taking into account the specials like the centenario)
Hm. To be honest I had it in automatic mode, because I was not going to figure out the paddles on the first go-around. And I'm guessing they run it in pussycat mode, so there may have been that. I like the shape and design of the Diablo but yes it's 90's tech.

Guess I need to test drive more of them. Assuming bitcoin goes up sometime soon...

Drat drat drat :-)

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August 12, 2018, 09:17:05 PM

Two nonsense points.

First there is plenty of reasons to hate on Roger, and second, who gives a ratt's ass about Monero.  this is a bitcoin thread. 

That's bullshit.

There is no need to diversify into shit coins.  Of course, there may be other reasons to diversify, but why buy pump and dump paper tigers?

Where is the real Jay, and what have you done with him?
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August 12, 2018, 09:35:14 PM

Quote
Dear Friend!

<shitcoin> team invites you to participate in our bounty campaign with 800 000 EUR reward and help our project to create a large and strong community.

We were pleasantly surprised by quality of your posts and would like to offer you an excellent opportunity to join the <shitcoin> project and get a reward for it. All you need to do is post a positive and informative publication / review or create a video about <shitcoin>, and we will definitely reward you!

I had to laugh at this mail I got on reddit. Quality of my posts?  I wear the shittyness of my posts with a badge of honor.
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August 12, 2018, 09:39:38 PM

Elwar, obviously people think you are respectable.
HairyMaclairy
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August 12, 2018, 09:44:16 PM

Bitconnect delisted from last exchange TradeSatoshi:  https://www.ccn.com/dead-coin-walking-bitconnect-set-to-be-delisted-from-last-crypto-exchange/amp/
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August 12, 2018, 09:47:49 PM

just crazy that is was here for so long

however i look to the CARLOS MATOS speech sometimes cause it really makes me smile ..... how he talks how he walks , what a guy ....  Roll Eyes  Roll Eyes
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August 12, 2018, 09:53:38 PM
Last edit: August 12, 2018, 10:23:11 PM by Gyrsur

guys, could Leslie L. be Satoshi Nakamoto?

there is a link from a post of Satoshi via Vitalik Buterin to him.

he worked from 2001 to 2014 for Microsoft Research which could explain his preference for Windows developement of the first clients.

EDIT: OH MY GOSH, Vitalik Buterin accidental revealed Satoshi Nakamoto!

https://www.trustnodes.com/2018/08/10/vitalik-buterin-proposes-consensus-algorithm-requires-1-honest

https://twitter.com/VitalikButerin/status/1027972126593015809

I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less.

The network nodes only accept the first version of a transaction they receive to incorporate into the block they're trying to generate.  When you broadcast a transaction, if someone else broadcasts a double-spend at the same time, it's a race to propagate to the most nodes first.  If one has a slight head start, it'll geometrically spread through the network faster and get most of the nodes.

A rough back-of-the-envelope example:
1         0
4         1
16        4
64        16
80%      20%

So if a double-spend has to wait even a second, it has a huge disadvantage.

The payment processor has connections with many nodes.  When it gets a transaction, it blasts it out, and at the same time monitors the network for double-spends.  If it receives a double-spend on any of its many listening nodes, then it alerts that the transaction is bad.  A double-spent transaction wouldn't get very far without one of the listeners hearing it.  The double-spender would have to wait until the listening phase is over, but by then, the payment processor's broadcast has reached most nodes, or is so far ahead in propagating that the double-spender has no hope of grabbing a significant percentage of the remaining nodes.

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August 12, 2018, 10:03:27 PM

Only 4 days left on the poll...... they are always difficult to win for me ........
Just had a very very good day with a Nice sober up from a wedding party that was actually good i was surrounded by all people with NON btc , but there was only 1 very short talk with a Guy i have seen somewhere around christmas and he Just said iT surprises me that iT still exsists , he said its virtual money do you understand iT .... virtual like you cannot keep iT in youre hands .... i Just said i keep them on something like USB sticks and stopt the talking cause really wasn’t in the mood ..... Just wanted to drink cocktails and eat things  Grin
So after a long long wedding i was very very pleasured today with Some No premier league games and ready player one movie again for having a good chill after a really Hangover weekend time
now please all the MAXIMUM BULL  ta and straight up Going green lines for a good and well earned sleep
Don’t let me get bogged tonight  Roll Eyes
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August 12, 2018, 10:09:58 PM

51.1 dominance  Grin
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August 12, 2018, 10:54:11 PM

guys, could Leslie L. be Satoshi Nakamoto?

there is a link from a post of Satoshi via Vitalik Buterin to him.

he worked from 2001 to 2014 for Microsoft Research which could explain his preference for Windows developement of the first clients.

EDIT: OH MY GOSH, Vitalik Buterin accidental revealed Satoshi Nakamoto!

https://www.trustnodes.com/2018/08/10/vitalik-buterin-proposes-consensus-algorithm-requires-1-honest

https://twitter.com/VitalikButerin/status/1027972126593015809

I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less.

The network nodes only accept the first version of a transaction they receive to incorporate into the block they're trying to generate.  When you broadcast a transaction, if someone else broadcasts a double-spend at the same time, it's a race to propagate to the most nodes first.  If one has a slight head start, it'll geometrically spread through the network faster and get most of the nodes.

A rough back-of-the-envelope example:
1         0
4         1
16        4
64        16
80%      20%

So if a double-spend has to wait even a second, it has a huge disadvantage.

The payment processor has connections with many nodes.  When it gets a transaction, it blasts it out, and at the same time monitors the network for double-spends.  If it receives a double-spend on any of its many listening nodes, then it alerts that the transaction is bad.  A double-spent transaction wouldn't get very far without one of the listeners hearing it.  The double-spender would have to wait until the listening phase is over, but by then, the payment processor's broadcast has reached most nodes, or is so far ahead in propagating that the double-spender has no hope of grabbing a significant percentage of the remaining nodes.


Vitalik quoting Satoshi who expanded upon Leslie L?
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August 12, 2018, 10:55:11 PM

Elwar, obviously people think you are respectable.

Respectable enough to be among the elite who are asked to shill shitcoins.

Probably only a handful of people hold that distinct status.
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August 12, 2018, 11:07:18 PM
Last edit: August 13, 2018, 12:31:14 AM by Gyrsur

Vitalik quoting Satoshi who expanded upon Leslie L?

Vitalik was quoted by trustnodes.com with a solution but later had emended via twitter the idea was from Leslie L.

in the same article trustnodes.com linked to a post of Satoshi where he explains the idea.

same idea with two paths from Vitalik to Leslie L and Satoshi. interesting IMO.

the idea is about to improve the fault tolerance of a consensus algorithm to more than 50 percent (keyword: 51% attack).

Quote
If you add even more assumptions (specifically, you require observers to also be actively watching the consensus, and not just downloading its output after the fact), you can increase fault tolerance all the way to 99%.

EDIT: new topic --> https://bitcointalk.org/index.php?topic=4883276
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August 12, 2018, 11:10:39 PM

The thing with certifications is that they give you a false sense of accomplishment and closure, even though most of them are trash and only require a bare minimum understanding and aptitude. Otherwise the broad masses would start complaining that it's too hard for them to get anywhere in life whilst not putting in the required effort. Not necessarily a government problem in that regard, although I'm not going to even try to speak positively about it (gov).

My best friend went through the whole thing to become a financial adviser. He convinced me that whole life insurance was a good investment.

It wasn't until I was trying to defend it in an online forum using math that I realized how horrible it was.
It is a good investment... for the insurance firm.
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August 13, 2018, 12:27:42 AM
Last edit: August 13, 2018, 12:52:53 AM by realr0ach

https://i.imgur.com/sN7LBY3.jpg

1818 is a ridiculously high number.
The world definitely doesn't need this amount of worthless and useless coin.

The world doesn't need any of them.  Shitcoins are inferior to physical metals as a settlement unit, and if you want a deflationary currency, silver already exists.  For anyone in this thread that can't get it into their heads you have to be out of your mind to buy gold instead of silver:

"there was three times the amount of silver above ground in 1980 than there is today. The six billion ounces that existed in 1980 has shrunk to two billion ounces of industry standard 1000 ounces bars."

"In 1980, there were less than 3 billion ounces of gold in all forms above ground throughout the world – the cumulative production of thousands of years. Today, 38 years later, the total amount of above ground gold has doubled"

http://silverseek.com/commentary/next-silver-run-50-and-beyond-17362
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August 13, 2018, 12:59:40 AM
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I’m calling bottom for the moment.  We will go sideways for a couple of days then small bull market to follow.  Price target $7200 - $7300.
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August 13, 2018, 01:02:08 AM

I’m calling bottom for the moment.  Small bull market to follow.  Price target $7200 - $7300.

If we inverse Bart over the next twelve hours, I'm going to be quite upset.
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August 13, 2018, 01:11:12 AM

In today's real news:

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August 13, 2018, 02:00:41 AM

And another joke of a picture from today...

Govt agent provacateur/Jew servant Kessler creates a fake white nationalism rally to try and incite violence (yet everyone knew it was a govt setup and did not go), and in this fake rally that has absolutely nothing to do with anything gay related, there are fake religious figures dressing up like an it's raining men video pretending like....hey, we decided to just throw away all the rules in this religion stuff and you can do anything you want now! LOL.

lightfoot
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August 13, 2018, 02:07:27 AM

And another joke of a picture from today...

Govt agent provacateur/Jew servant Kessler creates a fake white nationalism rally to try and incite violence (yet everyone knew it was a govt setup and did not go), and in this fake rally that has absolutely nothing to do with anything gay related, there are fake religious figures dressing up like an it's raining men video pretending like....hey, we decided to just throw away all the rules in this religion stuff and you can do anything you want now! LOL.


Probably Unitarians. They believe in praying to a coffee pot. Which to be honest isn't a bad idea....

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