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September 28, 2021, 04:56:58 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
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Question: When will we see a new ATH?
October - 20 (26%)
November - 13 (16.9%)
December - 24 (31.2%)
2022 - 12 (15.6%)
After 2022 - 8 (10.4%)
Total Voters: 77

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25444559 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.)
DaRude
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July 16, 2020, 08:37:40 PM
Merited by JayJuanGee (1)

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

The changes BSV makes to the protocol will inevitably centralize the protocol, and this is being touted as a feature, not a bug by the leaders.

Quote from: Craig Wright
Bitcoin is not and has never been about ‘censorship resistance’. I added the alert key to be able to freeze and reverse transactions, if needed. All that matters in Bitcoin is a public record of any transaction that is reversed.

That vision is NOT decentralized.  

Period.

Cause there is nothing such as decentralized

There is only open to join mining an compete for incentives, nobody should ever change the rules

And with incentives there is responsibility and nothing out of law

But meh

That's a red herring.

That's like saying the kitchen table is never perfectly clean, so I might as well take a huge steaming dump on it.

The goal is to move as far in the decentralized direction as possible.  Perhaps like "trust minimized" we should say "centralization minimization".

But I do not know why I am talking to you.  You are just parroting the talking points of your puppet masters.

Even Satoshi wrote that bitcoin mining will be controlled by a few massive data centers. If that happens, it's logical to think that these mining operations will be bound by regulations such as all the US FATCA/AML/sanctions bullshit. In other words, mining will be somewhat centralized and subject to a certain amount of government control.

I'm not entirely sure that's an inevitability, as BSVers are wont to think. It does seem to be heading into the direction of centralization though. It's not promising that the majority of mining is done in an evil, totalitarian shithole.

jbreher covered that angle by distancing himself from Faketoshi, he knows that it's a loosing battle and he can't justify 90% of shit that comes from Faketoshi's mouth. hv_ is just a dumb talking head and will just parrot whatever the template of the day is. jbreher's angle is to lure noobs in by digging up some obscure definitions and extrapolating them to a point of absurdity, then when no one wants to waste time debating him that the world isn\t flat he thinks he wins  Huh

Sure, there are no true absolutes in this world, but it's not even needed. All we need is to make sure that those data centers are spread (more or less) equally across the globe say Americas, Asia, Europe, and Russia (sort of like UN with a possibility of veto). That way changes would require overwhelming consensus from all parties. Such high quorum level would require a lot of debate and be very difficult to achieve thus it would be reserved to truly exceptional cases, like world agreement to defund ISIS. And not a one party directive like FATCA, but a true "global" overwhelming quorum (not ever 50%+1) as anything less would just fork the chain, and can be akin to declaration of war.
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July 16, 2020, 11:40:40 PM

Nice, just heard a bitcoin blurb on the radio about the Twatter hack.
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July 17, 2020, 12:14:26 AM
Last edit: July 17, 2020, 12:43:58 AM by fillippone
Merited by infofront (1)

It’s almost time:


https://twitter.com/officialmcafee/status/887024683379544065?s=21

I know this bet isn’t valid anymore... but I think it’s fun to remember it.

Btw, what’s happening to WO? Page count has decreased of at least 20 pages in the last few days..
I am on holiday, I might have missed some important piece of information here...

VV thanks @jojo69: Wow, he deleted more than 500 posts already!
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July 17, 2020, 12:19:10 AM
Merited by fillippone (2), DaRude (1)

Btw, what’s happening to WO? Page count has decreased of at least 20 pages in the last few days..
I am on holiday, I might have missed some important piece of information here...

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fly or die


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July 17, 2020, 12:58:32 AM
Merited by JayJuanGee (1)

What happened, ragequit, or something he wrote makes him feel exposed ?
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July 17, 2020, 01:09:07 AM

What happened, ragequit, or something he wrote makes him feel exposed ?

ragequit over BLM politics, at least that seemed to be the last straw
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July 17, 2020, 01:43:13 AM

Bitcoin is a neutral innovation.

Like the telegraph, steam engine or printing press- it has no intrinsic opinions, preferences or beliefs

The user gives it meaning.

To better explain this concept, I wrote a children's book.



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July 17, 2020, 01:46:10 AM
Merited by cAPSLOCK (5)

What happened, ragequit, or something he wrote makes him feel exposed ?

ragequit over BLM politics, at least that seemed to be the last straw

I hope not, it's sad to see long term WOs go. And it means fewer of us at the $100k party.

He still seems to be around though: https://bitcointalk.org/index.php?action=profile;u=569455

Someone tell him we all love him and want him back.

#muchhomo
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July 17, 2020, 01:55:56 AM
Merited by Hueristic (1)

Well apparently Hackers are not as knowledgeable about Blockchain technology, they have left traces.

Twitter Hack Autopsy: Coinbase, Binance, BitGo May Know Hackers ID




Quote
The hackers appear to be using a proxy as transactions originate from different parts of the world. The Bitcoin addresses generated by hackers come in different formats, some are of the newest Bech32 format, others in the older P2PKH and P2SH formats. If our analysis is correct, then several major crypto entities should be able to identify the hackers.


Source: https://cointelegraph.com/news/twitter-hack-autopsy-coinbase-binance-bitgo-may-know-hackers-id
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I fix broken miners. And make holes in teeth :-)


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July 17, 2020, 03:29:42 AM

What happened, ragequit, or something he wrote makes him feel exposed ?

ragequit over BLM politics, at least that seemed to be the last straw

That sucks. I ragequit another site about 4 years ago and kind of wish I hadn't. But there's no going back as the site is now gone.

Sorry he's gone.
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July 17, 2020, 03:45:31 AM
Merited by El duderino_ (2), AlcoHoDL (1)

It won't take that long anymore before the grind up starts, 1 a 2 months.


https://twitter.com/BTC_JackSparrow/status/1283890007464456198
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July 17, 2020, 03:53:07 AM
Last edit: July 17, 2020, 05:03:51 AM by Paashaas
Merited by infofront (1)

BobLawblaw needs a few weeks break from everything Bitcoin related incl. Bitcointalk.

I do that also from time to time it really helps to get a fresh mindset.

Please Bob don't leave us. Smiley
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July 17, 2020, 05:15:52 AM
Merited by Paashaas (1)

What happened, ragequit, or something he wrote makes him feel exposed ?

ragequit over BLM politics, at least that seemed to be the last straw

That sucks. I ragequit another site about 4 years ago and kind of wish I hadn't. But there's no going back as the site is now gone.

Sorry he's gone.


I should add that i only based it on his last posts and screengrab about him asking about account deletion, i don't have any additional info outside of that
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July 17, 2020, 05:16:42 AM
Merited by Paashaas (1), LFC_Bitcoin (1), bitebits (1), ivomm (1), AlcoHoDL (1)

BobLawblaw needs a few weeks break from everything Bitcoin related incl. Bitcointalk.

I do that also from time to time it really helps to get a fresh mindset.

Please Bob don't leave us. Smiley

The only thing I never ever need = a break from btc and btc related stuff......

I would go full retarded whiteout it
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July 17, 2020, 05:40:00 AM
Merited by El duderino_ (2), Paashaas (1), jojo69 (1)

Good morning WO gang, away from the thread for personal reasons, I do not know how long this situation will last.
Hugs.
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July 17, 2020, 06:15:26 AM
Merited by BobLawblaw (30), Paashaas (1), LFC_Bitcoin (1)

BobLawblaw needs a few weeks break from everything Bitcoin related incl. Bitcointalk.

I do that also from time to time it really helps to get a fresh mindset.

Please Bob don't leave us. Smiley

The only thing I never ever need = a break from btc and btc related stuff......

I would go full retarded whiteout it


One can’t simply run from Bitcoin, it keeps coming back to you like a boomerang. Unless you become a no-coiner which I don’t see happening anytime soon to our Bob. He will keep lurking this thread from the shadows, which is fine.
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July 17, 2020, 06:43:02 AM
Merited by Paashaas (1), infofront (1)

It won't take that long anymore before the grind up starts, 1 a 2 months.


https://twitter.com/BTC_JackSparrow/status/1283890007464456198

I have similar feelings, a "one last dip" scenario in the coming months before bull-run starts next year (or the end of this year).
Ironically just found out I'm getting a decent fiat inheritance from an in-law (completely out the blue), but won't be distributed until early next year  Angry
It's nice news, but I want to be buying up 6.5-7.5K range as per usual, not some 10-14K range next year, it seems very likely the fiat will lose 20-40% of it's value by then Roll Eyes
Solution: Currently on the hunt for an off-line low-interest loan to cover me until inheritance Grin
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July 17, 2020, 06:46:21 AM
Merited by Paashaas (1)

It's happening? One last down before UPGrin

We've had a lot of these last downs, they're starting to wear me out.

Are here going to be getting yet another visit from Vegeta again?
I am pretty sick and tired of him at this point.
Still, some movement, even down, has got to be better than this long sideways action.
Fingers crossed that the big move up is imminent.
Got a retirement to be looking forward to soon.
Go Honey Badger Go.

When is the retirement?

This year?

Next year?

What price does BTC have to reach under various scenarios in order for the retirement objective to be achieved?
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July 17, 2020, 07:00:44 AM
Merited by JayJuanGee (1), JSRAW (1)

https://medium.com/@breedlove22/the-number-zero-and-bitcoin-4c193336db5b

The number zero and BTC
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July 17, 2020, 07:03:57 AM
Merited by TheArchaeologist (2), Paashaas (1), JayJuanGee (1)

It won't take that long anymore before the grind up starts, 1 a 2 months.


https://twitter.com/BTC_JackSparrow/status/1283890007464456198

I have similar feelings, a "one last dip" scenario in the coming months before bull-run starts next year (or the end of this year).
Ironically just found out I'm getting a decent fiat inheritance from an in-law (completely out the blue), but won't be distributed until early next year  Angry
It's nice news, but I want to be buying up 6.5-7.5K range as per usual, not some 10-14K range next year, it seems very likely the fiat will lose 20-40% of it's value by then Roll Eyes
Solution: Currently on the hunt for an off-line low-interest loan to cover me until inheritance Grin

All is possible, though I wouldn’t be looking for 6.5K coins myself, just be happy what you can grab when you can ...
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