HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 27, 2019, 02:35:28 AM |
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Our glorious overlords apparently have not filled their bags enough yet so feel the need to push the price back downwards. I believe this trend will continue for a month or so until right before Consensus. Where miraculously bitcoin and shitcoin alike will again start to gravitate upwards towards new yearly highs.
All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.
Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor
Nah. We are supposed to track sideways until October 2019. No manipulation required. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fdj1jQfP%2FA4-E00-D53-C1-A5-4-C5-B-A94-A-091-F471-B7-F7-B.png&t=665&c=n-svyeOdtq-gsw)
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BTCMILLIONAIRE
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 02:49:15 AM |
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If this isn't a bull trap on the minute scale MAs we're probably going back to 4xxx for a bit at least. The next 21 hours are critical etc.
Edit: Happy birthday Arrie.
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Hueristic
Legendary
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Activity: 3920
Merit: 5256
Doomed to see the future and unable to prevent it
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February 27, 2019, 03:07:11 AM |
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I'm apparently not supposed to operate heavy machinery, sorry, back to bed.
Yumm, Opiods, I never leave home without them. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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infofront (OP)
Legendary
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Activity: 2646
Merit: 2793
Shitcoin Minimalist
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 03:37:18 AM |
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Our glorious overlords apparently have not filled their bags enough yet so feel the need to push the price back downwards. I believe this trend will continue for a month or so until right before Consensus. Where miraculously bitcoin and shitcoin alike will again start to gravitate upwards towards new yearly highs.
All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.
Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor
Nah. We are supposed to track sideways until October 2019. No manipulation required. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fdj1jQfP%2FA4-E00-D53-C1-A5-4-C5-B-A94-A-091-F471-B7-F7-B.png&t=665&c=n-svyeOdtq-gsw) https://twitter.com/rogerquantrillo/status/1100404411661074439Proof of Hairy
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megadeth
Sr. Member
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Offline
Activity: 289
Merit: 252
bagholder since 2013
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 04:14:49 AM |
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Our glorious overlords apparently have not filled their bags enough yet so feel the need to push the price back downwards. I believe this trend will continue for a month or so until right before Consensus. Where miraculously bitcoin and shitcoin alike will again start to gravitate upwards towards new yearly highs.
All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.
Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor
Nah. We are supposed to track sideways until October 2019. No manipulation required. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2Fdj1jQfP%2FA4-E00-D53-C1-A5-4-C5-B-A94-A-091-F471-B7-F7-B.png&t=665&c=n-svyeOdtq-gsw) https://twitter.com/rogerquantrillo/status/1100404411661074439Proof of Hairy Loops agrees ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcdZdaJp.png&t=665&c=JlhB-hU8DcQmjQ)
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Paashaas
Legendary
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Activity: 3514
Merit: 4560
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February 27, 2019, 04:47:10 AM |
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For some people it takes longer to undertand how it works. Bigblockers don't like it because LN makes their shitcoin completely irrelevant. Fixed it. EDIT: this whole Lightning thing is a very (f***ing) complicated clever approach. no wonder that the Big Blockers don't like it. it's not easy to understand but it seems the right direction to scale Bitcoin.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 27, 2019, 04:57:14 AM |
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So umm Elwar put his seastead in the water on 2 February and hasn’t posted since 5 February. Is that right ?
Has anyone heard from him?
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JayJuanGee
Legendary
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Activity: 3822
Merit: 10784
Self-Custody is a right. Say no to"Non-custodial"
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February 27, 2019, 05:24:46 AM |
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So umm Elwar put his seastead in the water on 2 February and hasn’t posted since 5 February. Is that right ?
Has anyone heard from him?
Maybe his laptop got seasick.. and short-circuited?
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mindrust
Legendary
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Activity: 3360
Merit: 2497
Payment Gateway Allows Recurring Payments
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February 27, 2019, 05:27:20 AM Last edit: February 27, 2019, 07:07:30 AM by mindrust |
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For some people it takes longer to undertand how it works. Bigblockers don't like it because LN makes their shitcoin completely irrelevant. Fixed it. EDIT: this whole Lightning thing is a very (f***ing) complicated clever approach. no wonder that the Big Blockers don't like it. it's not easy to understand but it seems the right direction to scale Bitcoin. I am a big defender of the LN however I've been thinking about the question a bcasher asked to Andreas a while ago. How is bitcoin going to hard fork while there are thousands of people on the LN? Is is even possible? What'll happen if a critical bug is revealed? Some features can only be added via hf... Even Andreas paused. He actually couldn't come up with an answer instantly like he always did and said he has to think about it first.
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Botnake
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 05:30:23 AM Merited by JayJuanGee (1) |
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Everyone listen up, I got victimize of electrum phishing today. I loss my BTC, just want to share so you will know guys, you can read my story here - 2018 Crypto theft overview I decided not to reinstall an OS and just run an anti virus to scan my computers, it's still safe for me?
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bones261
Legendary
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Activity: 1806
Merit: 1828
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 05:55:09 AM |
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Everyone listen up, I got victimize of electrum phishing today. I loss my BTC, just want to share so you will know guys, you can read my story here - 2018 Crypto theft overview I decided not to reinstall an OS and just run an anti virus to scan my computers, it's still safe for me? The recommendation that I see repeated over and over again in the Electrum child board is to reinstall the OS, unfortunately. https://bitcointalk.org/index.php?board=98.0 Several people have become victims of this. Perhaps you should invest in a hardware wallet like a Trezor or Ledger.
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Botnake
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 06:11:51 AM |
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Everyone listen up, I got victimize of electrum phishing today. I loss my BTC, just want to share so you will know guys, you can read my story here - 2018 Crypto theft overview I decided not to reinstall an OS and just run an anti virus to scan my computers, it's still safe for me? The recommendation that I see repeated over and over again in the Electrum child board is to reinstall the OS, unfortunately. https://bitcointalk.org/index.php?board=98.0 Several people have become victims of this. Perhaps you should invest in a hardware wallet like a Trezor or Ledger. Okay then, thanks, maybe I should try to save my BTC to buy a hardware wallet. I know it's been recommended but I'm just concern about if there are some malware left in my PC, getting more recommendation on what to do makes me feel comfortable as I decided not to reformat my PC.
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jojo69
Legendary
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Activity: 3276
Merit: 4522
diamond-handed zealot
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February 27, 2019, 06:11:59 AM |
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So umm Elwar put his seastead in the water on 2 February and hasn’t posted since 5 February. Is that right ?
Has anyone heard from him?
try here https://www.seasteadtalk.org/
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 06:44:14 AM |
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For some people it takes longer to undertand how it works. Bigblockers don't like it because LN makes their shitcoin completely irrelevant. Fixed it. EDIT: this whole Lightning thing is a very (f***ing) complicated clever approach. no wonder that the Big Blockers don't like it. it's not easy to understand but it seems the right direction to scale Bitcoin. I am a big defender of the LN however I've been thinking about the question a bcasher asked to Andreas a while ago. How is bitcoin going to hard gork while there are thousands of people on the LN? Is is even possible? What'll happen if a critical bug is revealed? Some features can only be added via hf... Even Andreas paused. He actually couldn't come up with an answer instantly like he always did and said he has to think about it first. When was the last time Bitcoin had an emergency hard fork?
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
February 27, 2019, 06:49:19 AM |
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So umm Elwar put his seastead in the water on 2 February and hasn’t posted since 5 February. Is that right ?
Has anyone heard from him?
try here https://www.seasteadtalk.org/Cool false alarm. He last posted there on 15 Feb and is showing as active today so he's ok. Probably too busy drinking rum and lying in the sun.
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mindrust
Legendary
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Activity: 3360
Merit: 2497
Payment Gateway Allows Recurring Payments
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February 27, 2019, 07:06:57 AM |
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When was the last time Bitcoin had an emergency hard fork?
Doesn't mean we won't need it in the future. What if we need one?
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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When was the last time Bitcoin had an emergency hard fork?
Doesn't mean we won't need it in the future. What if we need one? There has never been an emergency hardfork on Bitcoin. For an emergency hardfork to happen on Bitcoin, would require an existential threat to the network. In those circumstances you better shut your channels right smart. If the hard fork destroys the lighting network and you cannot close your channels in time, tough shit. The integrity of main net takes precedence and everyone knows it. Maybe you will lose your coins locked to lightning, maybe the person who gets them will be honourable and return them, maybe the hard fork will force close channels. Who knows. Lightning is intended for low value, high volume payments. It is not intended to be as secure as main net. Security is expensive, horrifically so in a decentralised context. If you want strong security, don't put anything on lighting. Keep in mind we are talking about a very low probability event. Bitcoin is riddled with low probability events that could destroy it. Quantum computing, global government ban, SHA-256 is broken, all intel/amd processors get backdoored etc etc.
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cool4y
Member
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Offline
Activity: 494
Merit: 12
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February 27, 2019, 07:15:23 AM |
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mindrust
Legendary
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Activity: 3360
Merit: 2497
Payment Gateway Allows Recurring Payments
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February 27, 2019, 07:22:55 AM |
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When was the last time Bitcoin had an emergency hard fork?
Doesn't mean we won't need it in the future. What if we need one? There has never been an emergency hardfork on Bitcoin. For an emergency hardfork to happen on Bitcoin, would require an existential threat to the network. In those circumstances you better shut your channels right smart. If the hard fork destroys the lighting network and you cannot close your channels in time, tough shit. The integrity of main net takes precedence and everyone knows it. Maybe you will lose your coins locked to lightning, maybe the person who gets them will be honourable and return them, maybe the hard fork will force close channels. Who knows. Lightning is intended for low value, high volume payments. It is not intended to be as secure as main net. Security is expensive, horrifically so in a decentralised context. If you want strong security, don't put anything on lighting. Keep in mind we are talking about a very low probability event. Bitcoin is riddled with low probability events that could destroy it. Quantum computing, global government ban, SHA-256 is broken, all intel/amd processors get backdoored etc etc. I am not only talking about security threats. What if we need to upgrade the network via hf? What if we suddenly decide to increase the block size? or implement some other feature which can only be added via hf? Then what? I feel a bit trapped tbh. People need to close their channels and gtfo immediately I see... At least there is a way but if the LN gets toooooooo big (i mean big corporation level big like microsoft, apple, mcdonalds and starbucks using it, that might be a problem.)
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