Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[becoin]

it ain't free if ya gotta buy bitcoins to write there.

Yeah, it ain't free. You have to have $0.01 to write there...

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[billyjoeallen]

What price increase?

The one that was followed by XT and 'classic' altcoin fork ultimatums. $200, $250, $300, $350, $400... The more irreversible and steady price increase is the more desperate are big blocktard ultimatums. That is obvious.

Dude, we're still trading at less than half the ATH 27 months later. The logarithmic uptrend has broken and smallblockers broke it. 

Logarithmic uptrend?!... C'mon, buddy. You sound like you sold out all your bitcoins.
Now what? Whiny ragequit?!

My coins have been in cold storage since 2011. My trading account is margin short, but I actually hope you blow that up because it is a hedge.  Pump all you want. You'll never get another dime from me but I have loads to sell.

[dropt]

Bitcoin Core ... delivering epic returns since 2009.

Stay true, reject the pretenders.

https://www.technologyreview.com/s/527051/the-man-who-really-built-bitcoin/

euuww, I think I just puked in my mouth a little recalling that putrid article ...

What's also crazy, when speaking of delivering epic returns since 2009, Gavin was also the lead dev of Bitcoin during the ATH bubble of 2013!

So yes, I will stay true and reject the pretenders.  I'll stick with Gavin and his future vision for Bitcoin.

gavin was a convenient face of reason to present to the authorities when bitcoin was so alien it should have been banned .... take a look at the code, he was at best a maintainer not an innovator (except for the BIP 70 privacy backdoor he insisted on slipping in), now he's just annoying baggage, like some bloatware, that needs to go the way of Hearn.

he was also the prime mover for setting up of the bitcoin foundation (and primary beneficiary as it squandered millions) ... in all its epic fail.

Then why did you reference gains since 2009 and tell me to stay true, reject the pretenders?  By your own points the current Core devs are the pretenders and have brought nothing but losses.

Perhaps you just said something dumb, that you didn't really think through?

[billyjoeallen]

it ain't free if ya gotta buy bitcoins to write there.

Yeah, it ain't free. You have to have $0.01 to write there...

You had to pay something that was going up exponentially in value. under your plan all you have to do is unload a depreciating asset. 

[billyjoeallen]

Bitcoin Core ... delivering epic returns since 2009.

Stay true, reject the pretenders.

https://www.technologyreview.com/s/527051/the-man-who-really-built-bitcoin/

euuww, I think I just puked in my mouth a little recalling that putrid article ...

What's also crazy, when speaking of delivering epic returns since 2009, Gavin was also the lead dev of Bitcoin during the ATH bubble of 2013!

So yes, I will stay true and reject the pretenders.  I'll stick with Gavin and his future vision for Bitcoin.

gavin was a convenient face of reason to present to the authorities when bitcoin was so alien it should have been banned .... take a look at the code, he was at best a maintainer not an innovator (except for the BIP 70 privacy backdoor he insisted on slipping in), now he's just annoying baggage, like some bloatware, that needs to go the way of Hearn.

he was also the prime mover for setting up of the bitcoin foundation (and primary beneficiary as it squandered millions) ... in all its epic fail.

Then why did you reference gains since 2009 and tell me to stay true, reject the pretenders?  By your own points the current Core devs are the pretenders and have brought nothing but losses.

Perhaps you just said something dumb, that you didn't really think through?

I was gonna ask him the same thing.

[becoin]

You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)

It is not so innocent.

Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam?

[billyjoeallen]

You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)

It is not so innocent.

Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam?

You don't pay a penny. You pay a fraction of a bitcoin that was going up exponentially in value. Your coin has less chain-writing utility and so it doesn't appreciate as fast, if at all. 

Don't take my word for it. Look at the five year logarithmic chart.

[marcus_of_augustus]

Bitcoin Core ... delivering epic returns since 2009.

Stay true, reject the pretenders.

https://www.technologyreview.com/s/527051/the-man-who-really-built-bitcoin/

euuww, I think I just puked in my mouth a little recalling that putrid article ...

What's also crazy, when speaking of delivering epic returns since 2009, Gavin was also the lead dev of Bitcoin during the ATH bubble of 2013!

So yes, I will stay true and reject the pretenders.  I'll stick with Gavin and his future vision for Bitcoin.

gavin was a convenient face of reason to present to the authorities when bitcoin was so alien it should have been banned .... take a look at the code, he was at best a maintainer not an innovator (except for the BIP 70 privacy backdoor he insisted on slipping in), now he's just annoying baggage, like some bloatware, that needs to go the way of Hearn.

he was also the prime mover for setting up of the bitcoin foundation (and primary beneficiary as it squandered millions) ... in all its epic fail.

Then why did you reference gains since 2009 and tell me to stay true, reject the pretenders?  By your own points the current Core devs are the pretenders and have brought nothing but losses.

Perhaps you just said something dumb, that you didn't really think through?

I was gonna ask him the same thing.

that's was just a troll bit to kick things off and get you guys riled up and shooting all over the place, hopefully hitting each other in the process.

[becoin]

You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)

It is not so innocent.

Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam?

You don't pay a penny. You pay a fraction of a bitcoin that was going up exponentially in value. Your coin has less chain-writing utility and so it doesn't appreciate as fast, if at all. 

Don't take my word for it. Look at the five year logarithmic chart.

What are you blabbering about, bud?
Learn the difference between a monetary system and a payment system!

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

I think I get it. You smallblockers think this is a mutiny. Well, let's talk about mutiny.  I was a sailor, once. In the entire history of the U.S. Navy, there has never been a mutiny. In any war. ever. Why? It's not because we were particularly good sailors.

It's because a mutiny requires a MASSIVE FAILURE OF LEADERSHIP.

[Fatman3001]

Do we care that the price hit $430?

[oda.krell]

You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)

It is not so innocent.

Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam?

You don't pay a penny. You pay a fraction of a bitcoin that was going up exponentially in value. Your coin has less chain-writing utility and so it doesn't appreciate as fast, if at all.  

Don't take my word for it. Look at the five year logarithmic chart.

What are you blabbering about, bud?
Learn the difference between a monetary system and a payment system!

You know what I like best about the smallblockers? How remarkably well they succeed to contain huge cognitive dissonance without blowing apart.

For them it's all about 'preserving the original vision', and never to rewrite the initial social contract, otherwise: chaos, loss of integrity, the banks win.

But then, they somehow also have to deal with the fact that in the white paper, Moses Satoshi mentions the terms "Electronic Cash" twice, "payment" (in a non-technical sense) 6 times, but the term "artificial scarcity driven clearance network" exactly zero times.

I guess it's not so much about preserving the original social contract after all, and more about locking in those parameters, that at some point were introduced rather arbitrarily, that define the social contract they personally like best. Supreme court ideological battles, anyone?

[adamstgBit]

... in the meantime, if anyone was interested bitcoin is embarking on major bull run, 428 broken, 456 is next stop, 480 pause, 500 should fall easily then taking aim for 600-650 region.

Do we care that the price hit $430?

not 1 shit was given

this is the most bullish thing i have ever seen. seriously, we're going to 750 FOR SURE

[becoin]

Well, let's talk about mutiny.

I don't see any mutiny. I do see Harakiri ritual. After the XT fiasco Gavin decided to 'classically' double down. Obviously his master left him no choice but commit ritual suicide.

[blunderer]

I think I get it. You smallblockers think this is a mutiny. Well, let's talk about mutiny.  I was a sailor, once. In the entire history of the U.S. Navy, there has never been a mutiny. In any war. ever. Why? It's not because we were particularly good sailors.

It's because a mutiny requires a MASSIVE FAILURE OF LEADERSHIP.

Don't get drawn in, emotionally. Sure, your logic is sound here, your arguments compelling, conclusion begging.
Which is not to say you'll convince anyone who doesn't already agree with you -- you probably won't.

I don't see any mutiny. ...

That's because you got rabies.

[Fatman3001]

You know how the big-block arguments are basically bogus? ... in the end they are appealing to cult of personality (Saint Gavin will save them)

It is not so innocent.

Gavin's 'vision' coincides with banksters narrative we hear every day - yes to bitcoin blockchain, no to bitcoin. For (basically) you don't have to have bitcoins to compete for blockchain inclusion. Unless you think $0.01 worth of bitcoin is considerable hedge against blockchain spam?

You don't pay a penny. You pay a fraction of a bitcoin that was going up exponentially in value. Your coin has less chain-writing utility and so it doesn't appreciate as fast, if at all.  

Don't take my word for it. Look at the five year logarithmic chart.

What are you blabbering about, bud?
Learn the difference between a monetary system and a payment system!

You know what I like best about the smallblockers? How remarkably well they succeed to contain huge cognitive dissonance without blowing apart.

For them it's all about 'preserving the original vision', and never to rewrite the initial social contract, otherwise: chaos, loss of integrity, the banks win.

But then, they somehow also have to deal with the fact that in the white paper, Moses Satoshi mentions the terms "Electronic Cash" twice, "payment" (in a non-technical sense) 6 times, but the term "artificial scarcity driven clearance network" exactly zero times.

I guess it's not so much about preserving the original social contract after all, and more about locking in those parameters, that at some point were introduced rather arbitrarily, that define the social contract they personally like best. Supreme court ideological battles, anyone?

Ouch!

[JayJuanGee]

What price increase?

The one that was followed by XT and 'classic' altcoin fork ultimatums. $200, $250, $300, $350, $400... The more irreversible and steady price increase is the more desperate are big blocktard ultimatums. That is obvious.

Dude, we're still trading at less than half the ATH 27 months later. The logarithmic uptrend has broken and smallblockers broke it. 

Logarithmic uptrend?!... C'mon, buddy. You sound like you sold out all your bitcoins.
Now what? Whiny ragequit?!

My coins have been in cold storage since 2011. My trading account is margin short, but I actually hope you blow that up because it is a hedge.  Pump all you want. You'll never get another dime from me but I have loads to sell.

Define "loads"

[blunderer]

...
Define "loads"

"A sum making your "holdings" look like pocket lint by comparison"

[becoin]

But then, they somehow also have to deal with the fact that in the white paper, Moses Satoshi mentions the terms "Electronic Cash" twice, "payment" (in a non-technical sense) 6 times, but the term "artificial scarcity driven clearance network" exactly zero times.

The title - "Bitcoin: A Peer-to-Peer Electronic Cash System".

What Satoshi proposed is a monetary system, not a payment system. The monetary form is electronic cash under the name of Bitcoin. The blockchain is the system that ensures the very existence of the monetary form. You can have many different payment systems based on Bitcoin. It is all straight forward. What don't you understand?

The logical fallacy of big blocktards is that they try to compete with fiat payment systems using bitcoin monetary system. It is a lost battle, dear big blocktards!
To compete with Visa or PP you have to create payment systems BASED on the bitcoin blockchain, not use the blockchain itself! This is what LN and side chains are all about!