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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26391837 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. (174 posts by 3 users with 9 merit deleted.)
nullius
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September 19, 2020, 03:34:20 PM

Nice rant, rolling, loaded with bait-and-switch rhetorical chicanery, bold inversions of the truth, and some smug attempts to intimidate by bluster a nobody who is not thereby impressed.

What it boils down to, in translation:  “Banks and financial manipulators rule the world, whether you like it or not—nyah, nyah!

First, the bait and switch—I replied to this point, which I will quote at some length so as to make obvious the obvious:

how do you determine on-chain transations to cost so much?

He can’t.  His post is just a roundabout way of saying, “Bitcoin cannot scale, and will thus become a banker’s toy as bone-crushing transaction fees force everybody into the next generation of Paypal.”  Baloney.

[...]

The end game is bitcoin becomes the settlement layer for the world. Transaction costs are going way up in the future, you're not going to want to do on-chain transactions when it costs $1000+ to do so, but if you're settling a billions dollars, that's a tiny price to pay.

I could see perhaps something on the order of magnitude of $100 (in today’s current value) on-chain transaction costs, but $1000+?  Smells like FUD.

[...]

The fact is, whether we like it or not, very few individuals (other than those of us here) will hold private keys in 10 years. The transaction costs alone will ensure it.

That would turn Bitcoin into a bankers’ wet dream:  The totally controlled, centralized, regulated basis for a cashless dystopia in which everybody can be tracked, traced, and forced to ask permission to use money.

That is not a new allegation, and it’s not true.

The fact is, whether you the bankers like it or not, cryptographic cleverness will continue to enable technologies that put the individual in direct control of his own money.

Whereupon you ignore what I said (just as you pointedly omitted Lightning from your list of off-chain transaction media), and jump from quote-unquote “the transaction costs alone will ensure it” to:

99% of people don't have the mental ability to deal with private keys, wallets or anything of the sort. They want a bank account and a debit card. Their attention span is about 3 seconds. There is no way they will ever grasp crypto. They may want to invest in crypto or hold it but it will be at a bank or brokerage and governments will impose their restrictions on those accounts just like they are doing now.

So, which is it, rolling?

Is your argument that most people are passive, ovine meat-robots?  I would not argue with that.  I did not argue with your brief mention of that point in your prior post—which was tossed off seemingly obiter dictum, amidst your vehement insistence on the primacy of transaction costs.  Actually, mass stupidity is the principal point of a plurality of my recent writings.

Or is your argument that “transaction costs alone will ensure” that individuals who want financial freedom will be unable to control their own money unless they are rich?

Sounds like the kind of rant the bigblockers went on just prior to forking off. You are welcome to get out now and go chase another shitcoin dream. Bitcoin will be just fine without you.

You are the one throwing bigblocker “Bitcoin won’t scale!!!” arguments, only with the twist that you think that’s a good thing.  Or at least, a “hah hah, little guy, you’re just totally fucked—bow down to your masters!” thing.

Is your binning me with the bigblockers intentional irony, whereas you seem afraid to mention the Lightning Network?  You know—the thing the bigblockers don’t believe in, which makes scalable, decentralized, private, trustless, permissionless off-chain transaction costs negligible.

Boldface is rolling’s; highlighting is mine:
The free market will decide what Bitcoin becomes, not an opinion of what it should be. For better or for worse, those with all the money now, will largely be the ones with all the money in the future. Bitcoin is open to everyone including the banks, governments, and billionaires. This will push out the little guy, just like in every other industry in history.

= “STFU and kneel in awe of the ‘free market’, i.e. the slavemarket owned by banks, governments, and billionaires.”

That is your opinion.

Of course, Bitcoin is open to everyone.  As I recently noted, “I myself tend to distrust institutional corporate holders; but there is nothing that I can do to stop them.”  Bitcoin being open to everyone is my point.  Whereas I suggest that you contemplate your blatant self-contradiction that I have highlighted.

On-chain will be for the big boys. If you don't like it, become one of the big boys by filling your bags now while BTC is still dirt cheap.

It is the bluster of a typical proletarian—the type who probably believes that $10 million is a lot of money.

In substantial essence, you are a worshipper of plutocracy.  Too bad for you that the big boys won’t pat you on the head for wanting so very much to be one of them.  Anyway, Bitcoin doesn’t care for your opinions.  It will scale, whether you like it or not.



(Aside to Jay:  As you may have surmised, I am not your typical prole in terms of contact with actual wealth.  And I have a pretty good idea of how the world actually works.  I am much less idealistic about Bitcoin than I tend to let on:  It is a tool.  It is an excellent tool, and timely at this moment in history; but it is just that.)



Quote
Personally, I'm pulling out the champaign that market behaviour is indeed producing activity levels that can pay for security without inflation, and also producing fee paying backlogs needed to stabilize consensus progress as the subsidy declines.
-Greg Maxwell around the BTC all time high Dec 2017. https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-December/015455.html

I almost quoted that myself, in my prior reply to rolling—in anticipation that some people may object to my discussion of potential fees on the order of $100 value (which was explicitly admitted handwaving in the absence of the crystal ball that none of us has).  No, transactions cannot remain cup-of-coffee cheap—cannot, as Bitcoin slowly transitions to what is effectually a fee-based security model.  The amount of fees produced by the fee market set a practical upper bound on hashrate as block rewards fall toward the point of economic irrelevance.  In the long term, on-chain fees that are too low would cause Bitcoin to fail—wherefore the champagne.

Maxwell made that statement at a time when on-chain transaction fees were close to bank wire transfer rates.

Somehow, I seriously doubt that Maxwell, of all people, was arguing that the future of Bitcoin belongs to banks (!).  He is probably the single most out-of-context quoted personage in the Bitcoin world—other than Satoshi.

For my part, I think that Bitcoin will converge on optimal fees—neither too high, nor too low—as on-chain improvements pack more transactions into a block (e.g., forthcoming Segwit v1 will make much more efficient use of block space for certain types of transactions), and layering developments move most transactions off-chain.
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September 19, 2020, 04:05:35 PM

in his worldwide bestseller "Sapiens - A brief history of humankind" (which is a great book, that I can deeply recommend, even for historians)

(...)

bitcoin is on its way to deliver another big leap forward

(...)

Discovered and read it during the lockdown (thank you Wuhan), instant classic which you simply can't put down. You can borrow it for free on The Archive.

I liked "Sapiens" a lot too, next book "Homo Deus"- a tiny bit less, but very much liked the third book "21 lessons for the 21st Century".
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September 19, 2020, 04:09:58 PM

Story of my life:

Quote from: Hueristic (personal text)
Doomed to see the future and unable to prevent it

Cassandra was so accursed as punishment for sexually rejecting a god.  What the fuck did you do?

The question is rhetorical—none of my business.  And don’t ask what I did.



I am in Bitcoin because, in my confirmed empirical experience, the banking system “doesn’t work well”.  

Banking is working Exactly as intended, to control people.

Whereas it’s been obvious for years that TPTB are approaching Bitcoin via co-option.  Those too worried about a ban which would be difficult, expensive, and inconvenient to enforce should remember that tyranny interprets freedom as damage, and routes around it.

Why fight Bitcoin openly, when you can shear the sheep all the better by herding them into Paypal 2.0?

Quote from: FinTech Crypto Mass-Marketing
New and improved!  Don’t worry.  Be happy, grinning idiots.  It is just like the comfortable collar that you have always enjoyed on your necks; but it’s more better, now that the upgraded collar is leashed with Blockchain!

For the bankers, the fly in the ointment is that Bitcoin still allows self-control by highly motivated individuals who take matters into their own hands.  It is imperative to keep it that way.
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September 19, 2020, 04:22:18 PM

More ranting...

If you can't sum up your argument in a few sentences, you're pulling a JJG and trying to prove your point with walls of text rather than logical argument.

My argument is people are idiots and the few who aren't will be priced out of the market by high fees. Bitcoin scales just fine, you're just looking at it wrong. The highest value use cases will survive and the everything else will be done off chain or die, including your ideology. This is the free market I'm talking about.

I have no problem with Lighting and I think it and other side-chains will have their use cases.

I'm not a worshipper of plutocracy and the world isn't going to change just because you will it to. Things are just what they are.
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September 19, 2020, 04:41:47 PM

Something to ponder tho...

What is the difference between ?

1. A banking system that issues IOUs backed by Gold/Silver.

2. A future with "bitcoin banks" that issue private digital currencies backed by Bitcoin.

A: Nothing, nada, zilch. First it's backed 1:1 to build and insure public confidence and trust. Then it gets fractionally reserved. And finally they go off the "Bitcoin standard" (i.e., The "Gold standard" of the future) and back their private digital shitcoins with literally nothing, while they inflate them to infinity. Repeating history all over again.
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September 19, 2020, 04:43:20 PM
Last edit: September 19, 2020, 04:58:07 PM by Biodom
Merited by 600watt (1)

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

EDIT:
As a purely theoretical exercise, I can see the following happening if most or almost all coins are really lost in 30-40 years:
1. Remember the "stone" money (Rai stones)? In one curious occasion one stone accidentally drowned, but was still used by villagers to do transactions in a "virtual" chain of custody. They were referring to it as if it was present even when it was not accessible.
2. If losses of coins will exceed certain %, I am sure that there will be a proposal to make some reference to Satoshi's coins (if they are still not moved) to be such lost "stone".
3. Of course, that would be fractional reserves and the "bad" cycle would start anew.
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September 19, 2020, 04:43:52 PM
Last edit: September 19, 2020, 05:31:34 PM by friends1980
Merited by jbreher (1), 600watt (1)

in his worldwide bestseller "Sapiens - A brief history of humankind" (which is a great book, that I can deeply recommend, even for historians)

(...)

bitcoin is on its way to deliver another big leap forward

(...)

Discovered and read it during the lockdown (thank you Wuhan), instant classic which you simply can't put down. You can borrow it for free on The Archive.

I liked "Sapiens" a lot too, next book "Homo Deus"- a tiny bit less, but very much liked the third book "21 lessons for the 21st Century".

Thx for the tip. I've been an avid reader ever since I was a child, and been very frustrated for years about not having the time or the energy to read more, because of the general rat race and a 12+ hours a day-job. My wife and I were quite upset about the fact that we needed an actual virus lockdown to finally find and get some time again to read books in quiet solitude (Milan Kundera, anyone? Dostoevsky? Oh and Harari, obviously).

That being said, I need no Lambo, no private Caribbean Island with a butler and a jet, but simply enough BTC "moon" to be able to read books whenever I feel like it... Let's call it my little definition of "freedom".

[edit: sorry double posting - connection lagging for a sec]
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September 19, 2020, 04:53:30 PM
Merited by JayJuanGee (1)

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

It was the very first thread I opened when I arrived on these boards, over 3 years ago: what influence will disappearing Bitcoins have on the price and the future of the coin? I used the example of dying without leaving your keys to anyone.

Little did I know back then, that the Bitcoin Discussion boards were packed with shitposters. Apart from some of my first Merits, I've actually never received a clear answer to my question and the thread was soon spammed to forgetfulness (and in the meantime it has been locked, it seems).

Maybe not a bad idea for a relaunch in the Serious Discussion boards...
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September 19, 2020, 05:16:29 PM
Merited by vapourminer (1), Torque (1), LFC_Bitcoin (1)

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

EDIT:
As a purely theoretical exercise, I can see the following happening if most or almost all coins are really lost in 30-40 years:
1. Remember the "stone" money (Rai stones)? In one curious occasion one stone accidentally drowned, but was still used by villagers to do transactions in a "virtual" chain of custody. They were referring to it as if it was present even when it was not accessible.
2. If losses of coins will exceed certain %, I am sure that there will be a proposal to make some reference to Satoshi's coins (if they are still not moved) to be such lost "stone".
3. Of course, that would be fractional reserves and the "bad" cycle would start anew.

The 21 million number is not theoretical. If any version tried to change it, that would be a fork and no longer BTC.

The number of coins in circulation is irrelevant. For every lost coin, you can view it as a redistribution of its value across all remaining coins. Even if there was a single coin left, it would still work. If that means a satoshi is worth more than people want it to be, the devs could create a unit of account less than a satoshi and all would be well.

This is a non-issue.
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September 19, 2020, 05:21:49 PM

@Mistuhbailey
Bitcoin halving fractal pattern playing out.







https://twitter.com/mistuhbailey/status/1307344551359766529?s=21
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September 19, 2020, 05:25:26 PM
Last edit: September 19, 2020, 05:46:05 PM by Biodom

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

EDIT:
As a purely theoretical exercise, I can see the following happening if most or almost all coins are really lost in 30-40 years:
1. Remember the "stone" money (Rai stones)? In one curious occasion one stone accidentally drowned, but was still used by villagers to do transactions in a "virtual" chain of custody. They were referring to it as if it was present even when it was not accessible.
2. If losses of coins will exceed certain %, I am sure that there will be a proposal to make some reference to Satoshi's coins (if they are still not moved) to be such lost "stone".
3. Of course, that would be fractional reserves and the "bad" cycle would start anew.

The 21 million number is not theoretical. If any version tried to change it, that would be a fork and no longer BTC.

The number of coins in circulation is irrelevant. For every lost coin, you can view it as a redistribution of its value across all remaining coins. Even if there was a single coin left, it would still work. If that means a satoshi is worth more than people want it to be, the devs could create a unit of account less than a satoshi and all would be well.

This is a non-issue.

sure...from a protocol point of view, but not from a practical usage point of view.
the fact that you would make progressively smaller and smaller units for it to work on a planetary basis strikes me as odd.
Mathematically it can work, of course, but what is the practicality of having 10^-3 btc for all earthlings to use while considering 21mil as 'unobtanium'?
Imagine in such economy someone suddenly digging up a bottle in their backyard that great-great-grandpa has buried and which has 1 "full" btc in it, private code perfectly preserved and unaffected by whatever happened in the interim. Suddenly, there is a X1000 world-wide inflation. It is all theoretical, of course, but worthy of pondering over.

EDIT: an interesting "thought" experiment would be to launch a few thou (or more) btc with the private code protected by a strong encryption (or strong multisig) into Sun-Earth L2 spot. Just in case if btc losses would be catastrophic at some point in the decades ahead. If needed, future humanity can retrieve such btc.
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September 19, 2020, 05:38:53 PM

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

EDIT:
As a purely theoretical exercise, I can see the following happening if most or almost all coins are really lost in 30-40 years:
1. Remember the "stone" money (Rai stones)? In one curious occasion one stone accidentally drowned, but was still used by villagers to do transactions in a "virtual" chain of custody. They were referring to it as if it was present even when it was not accessible.
2. If losses of coins will exceed certain %, I am sure that there will be a proposal to make some reference to Satoshi's coins (if they are still not moved) to be such lost "stone".
3. Of course, that would be fractional reserves and the "bad" cycle would start anew.


I remember a scientific study about this topic. the researchers came to the conclusion that bitcoin is far too safe and rare to be used as money since people make mistakes and people die and in both cases coins are lost forever, the number of circulating bitcoin would shrink so drastically that it would be rendered useless. this was coming out around 2013, can't find it via google.
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September 19, 2020, 05:39:20 PM

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

EDIT:
As a purely theoretical exercise, I can see the following happening if most or almost all coins are really lost in 30-40 years:
1. Remember the "stone" money (Rai stones)? In one curious occasion one stone accidentally drowned, but was still used by villagers to do transactions in a "virtual" chain of custody. They were referring to it as if it was present even when it was not accessible.
2. If losses of coins will exceed certain %, I am sure that there will be a proposal to make some reference to Satoshi's coins (if they are still not moved) to be such lost "stone".
3. Of course, that would be fractional reserves and the "bad" cycle would start anew.

The 21 million number is not theoretical. If any version tried to change it, that would be a fork and no longer BTC.

The number of coins in circulation is irrelevant. For every lost coin, you can view it as a redistribution of its value across all remaining coins. Even if there was a single coin left, it would still work. If that means a satoshi is worth more than people want it to be, the devs could create a unit of account less than a satoshi and all would be well.

This is a non-issue.

sure...from a protocol point of view, but not from a practical usage point of view.
the fact that you would make progressively smaller and smaller units for it to work on a planetary basis strikes me as odd.
Mathematically it can work, of course, but what is the practicality of having 10^-3 btc for all earthlings to use while considering 21mil as 'unobtanium'?
Imagine in such economy someone suddenly digging up a bottle in their backyard that great-great-grandpa has buried and which has 1 "full" btc in it, private code perfectly preserved and unaffected by whatever happened in the interim. Suddenly, there is a X1000 world-wide inflation. It is all theoretical, of course, but worthy of pondering over.

Hear hear. Another example is finding back some written-down private key or seeds in some forefather's archive or in a safe or a book (or in a hidden compartment in the wooden framework of your great-great-grandmother's horrible self-portrait for which you simply didn't have the heart to throw it away because of the emotional value), and if you think about it, it's absolutely not as theoretical as you would think at first glance. It's on the contrary perfectly imaginable and similar cases will most certainly happen in the future.
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September 19, 2020, 05:40:18 PM

https://news.bitcoin.com/analyst-1500-bitcoins-lost-every-day-less-than-14-million-coins-will-ever-circulate/

While I am of the opinion that 21 mil "theoretical" coin number should not be touched, this number '1500" lost every day is actually quite interesting.
If true, this means 600 (from 1500-900)X1304 (days until April 15, 20024, which is the midpoint between Feb and June 2024, theoretical timing for next halving)=782K coins lost until next halving.
After that, if losses at 1500 a day continue, we would be losing roughly 1050 a day on balance or about 1.5 mil more coins until 2028 halving.
8 cycles (~30 years) at this level or slightly increasing due to halvings and ALL coins would be gone, poof, evaporated.

Maybe his 1500 number is incorrect, though, it is difficult to pin down.

EDIT:
As a purely theoretical exercise, I can see the following happening if most or almost all coins are really lost in 30-40 years:
1. Remember the "stone" money (Rai stones)? In one curious occasion one stone accidentally drowned, but was still used by villagers to do transactions in a "virtual" chain of custody. They were referring to it as if it was present even when it was not accessible.
2. If losses of coins will exceed certain %, I am sure that there will be a proposal to make some reference to Satoshi's coins (if they are still not moved) to be such lost "stone".
3. Of course, that would be fractional reserves and the "bad" cycle would start anew.

The 21 million number is not theoretical. If any version tried to change it, that would be a fork and no longer BTC.

The number of coins in circulation is irrelevant. For every lost coin, you can view it as a redistribution of its value across all remaining coins. Even if there was a single coin left, it would still work. If that means a satoshi is worth more than people want it to be, the devs could create a unit of account less than a satoshi and all would be well.

This is a non-issue.

sure...from a protocol point of view, but not from a practical usage point of view.
the fact that you would make progressively smaller and smaller units for it to work on a planetary basis strikes me as odd.
Mathematically it can work, of course, but what is the practicality of having 10^-3 btc for all earthlings to use while considering 21mil as 'unobtanium'?
Imagine in such economy someone suddenly digging up a bottle in their backyard that great-great-grandpa has buried and which has 1 "full" btc in it, private code perfectly preserved and unaffected by whatever happened in the interim. Suddenly, there is a X1000 world-wide inflation. It is all theoretical, of course, but worthy of pondering over.

Worthy of pondering but I think the more valuable it gets, the fewer lost coins there will be.

On the other hand, it might be a good idea to bury a bottle in the backyard with one full BTC in it for the great-great-grandkids.
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September 19, 2020, 05:51:06 PM


Needs illustration.

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September 19, 2020, 05:58:14 PM

If you can't sum up your argument in a few sentences, you're pulling a JJG and trying to prove your point with walls of text rather than logical argument.

Evasion of my logical argument with cliché stock stupidity gets my stock answer, with text enlarged to aid comprehension.

My mistake was presuming a literacy level above that of Twitter.

I am here for substance.  I am willing to invest my time in substance (and without a paid signature—for freedom, not “for free”).  If you are not reading it, then it is not for you.
philipma1957
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'The right to privacy matters'


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September 19, 2020, 06:04:13 PM

like, who gives a f--k..it is not 2017 anymore...that is done..and what's done is done.

While true, it may be the mirror image of 2016 again.

we are matching 2016 very closely.

runup for btc is being assisted by the eth runup.

mining eth with gpus using nicehash to autovert to btc is far better then mining btc directly.


4600 in gear asics and 6000 watts an hour earns 17 usd. direct btc mining on viabtc.

4600 in gear gpus  and 2000 watts an hour earns 24 usd on nice hash via auto vert to btc

these obviously pro gpu ratios almost never happen.

last time was most of 2016 2017 and some of 2018.
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September 19, 2020, 06:15:40 PM

Story of my life:

Quote from: Hueristic (personal text)
Doomed to see the future and unable to prevent it

Cassandra was so accursed as punishment for sexually rejecting a god.  What the fuck did you do?

The question is rhetorical—none of my business.  And don’t ask what I did.

Refused to live a lie and keep my mouth shut.


What did you do?
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September 19, 2020, 06:50:43 PM
Last edit: September 20, 2020, 12:31:16 AM by Paashaas

Ancient modern history dates back to ancient Greece? Mhe... when great Greek cholars like Thales, Hippocrates, Pythagoras, Socrates, Plato and Aristotle arrived in Egypt the great pyramids of Egypt where already ancient.

Perhaps that may be why the Greeks accorded the Egyptians a great respect for their antiquity.

Why the need to discount the Greeks?

The Greeks invented the philosophical, naturalistic way of thinking that is the foundation of modern science.  Other great civilizations existed; but outside of a few relatively isolated instances of inspired thinkers, their investigations of the natural world were mostly pragmatic, and they never even thought to be objective.  Insofar as is known to history, only the Greeks developed a trend toward doing what later became science and moreover, doing it for its own sake.  Thus, the modern world does indeed descend from the Greeks.

Without the Greeks, you would not now have the Internet with which to make that post, and there would be no TV and smartphones...  Wait, now I hate the Greeks.  Damn it, they also invented democracy.  Lunatics.  The ancient Egyptians, Hindus, and Chinese were much wiser and moreover, saner!

I love history it gets really crazy the more i search.

Most of what you think you know about history is wrong.

That’s not personal.  It is just a general observation.  Most of what people believe to be “history” is fake news, either twisted or just made up by somebody with an agenda somewhere along the line—the Bible being only the worst and most notorious example.  Indeed, if you want a neat demonstration of just how bad the problem is, peruse the idiot-bait on Wikipedia and follow the “verifiable” citations to so-called “scholars” who crank out arrant nonsense “supporting” or “investigating” the historicity of completely fictional stories.

They had indeed great respect for their antiquity, they where stunned how they build the pyramids while they had not the capabilities to do the same. It was build in pre-dynastic/mesolithic time period atleast 5,000-10,000 years old. (It could be much older i mean Göbekli Tepe in Turkey is already 12,000 years old)

I never believed ancient Egyptians where the ones who constructed the megalithic sites with a hammer and a chisel same with the maya's they didn't made those tempels incl. the ones in India.(Ironically the word megalith originates from two ancient Greek words: megas meaning great, and litos, meaning stone). A chisel is made from copper and copper is to soft to handle granite/basalt ore even solid bedrock. They carved hundreds of meters into the ground of solid bedrock in the valley of the kings. Drill holes in granite blocks.. Shocked Ore how they even lift those supermassive stones of 100 to 1000+ tons blocks? All in middle of the desert... Zahi Hawass is lying just because of national pride and religion. I want to know we all have the right to know it is oure legacy.

You see megalithic sites all over the world from South America, Europe, Africa, Middle East and Asia. I say a much more advanced civilizations that we have seen before while the rest where practically cavemen but they a
re gone for some reasons. The awnser might holding in written Sumerian texts. That is when it gets really crazy, same with texts from South America and India. You need to have an open mind for that kind of material.
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September 19, 2020, 06:55:10 PM
Last edit: May 14, 2023, 04:51:32 PM by BitcoinGirl.Club



BS taken from https://bitcoinist.com/analyst-bitcoin-may-first-tank-to-9700-before-rallying-to-fresh-highs/
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