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

[JayJuanGee]

...
Define "loads"

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

Yeah, but he really comes off as all talk, and even if on the outside chance there is some truth to what he says, who cares.

Are we competing?

Does he have such a BIG load that it is going to matter to anyone when he dumps them?


I really doubt it, but on the outside chance that he has 1000 or more coins, then let him dump the shit.  The BTC market will be happy to absorb it, even on the outside chance that he has 10k BTC... which I really doubt.  But even if he happens to have 10k coins (or more), then sure dump them.  The BTC market will absorb those coins.  He sounds way too desperate to have any sizeable amount of coins, more than 1k or so.., otherwise he would not spend so much time here, bragging about his supposedly existing coins.. and trying to impress us with various vague assertions..

I am happy with my own situation, and I have been investing within my own means, my own risk profile and since I became aware of the bitcoin situation.

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[adamstgBit]

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!

there will either be a huge amounts of volume on the blockchain or not at all.

take your pick

i'm not going to bother explaining why you don't listen.

make a choice.

[blunderer]

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. ...

Caveat: Bitcoin is a special kind of money, not to be used for payment. It is not for spending, it is to hodl! Like gold. Or feces, for those who failed to transcend the anal-retentive phase.

[Fatman3001]

blunderer says weird things

Like a fucked up Yoda.

[sAt0sHiFanClub]

But don't take my word for it, read what the CEO of Spondoolies says.

https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0

That goon Corem's "Altcoin Manifesto" is exactly that- a stupid, petulant ragequit strategy that by any definition is doomed to fail.

But, please, go ahead and try it.  I'm sure you will enjoy your new "Honey Gerbil"......

[ChartBuddy]

Coin



Explanation

[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!

there will either be a huge amounts of volume on the blockchain or not at all.

It can be very easily dealt with. It's only a question of competing tx fees.

You were told many times. You have just to listen. I'll repeat it once again for big blocktards that currently spend big money developing payment system apps that will never be used. Listen:

Transactions on the bitcoin blockchain will be settlement layers clearing outstanding balances within or between different competing payment systems based on Bitcoin. It will be orders of magnitude better (more transparent, more auditable and much faster) than current world financial system.

[abercrombie]

This seems to be related to some meeting in China regarding trying to reach consensus.

https://twitter.com/cnLedger

Latest tweets:

52m ago [HKmtg]To Everyone reading this. The consensus is not yet an official announcement. You should wait and read the statement after the meeting

1 hours ago  [HKmtg]To Everyone: We have CONSENSUS! In April we get SW, 3 months later, core HF code ready

1 hours ago [HKmtg]F2Pool CTO Wang: today, we agree here to end the debate politically, and sort out the tech details later.

4 hours ago [HKmtg]Core:A contentious HF, will cause price to drop. In 2013-03 a HF resulted in thousands of coins lost, and harmed a large pool.

[sAt0sHiFanClub]

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), because their reasoning and logic is ultimately devoid of adequate substance to base technical decisions upon.

You talk some amount of shit.

Argument is : Increase limit now, then release segwit and other solutions when they are ready. (if they ever get there)

[ImI]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

chinese are pushing for 2MB HF, core already hinted compromise. spoken word is HF in early 2017 with several other HF implementations as well.

told ya fuckers

https://twitter.com/cnLedger

[blunderer]

This seems to be related to some meeting in China regarding trying to reach consensus.

https://twitter.com/cnLedger

Latest tweets:

52m ago [HKmtg]To Everyone reading this. < snip >

Are we rich yet?

[Fatman3001]

Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

The Chinese will stick with Core, they are quite conservative with respect to leadership. I'd be surprised to see Core implement 2MB blocks in addition to segregated witness, but we'll see.

And so long, farewell, auf wiedersehen 300s!

chinese are pushing for 2MB HF, core already hinted compromise. spoken word is HF in early 2017 with several other HF implementations as well.

told ya fuckers

https://twitter.com/cnLedger

If true, then it's hopefully a guarantee against further delays and more stupid.

[adamstgBit]

We have CONSENSUS

[sAt0sHiFanClub]

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.
I was being stooooopid again.

clarified.

[Fatman3001]

Looks like Classic wasn't quite off the table after all.

https://twitter.com/cnLedger/status/700981834562162688

[abercrombie]

This seems to be related to some meeting in China regarding trying to reach consensus.

https://twitter.com/cnLedger

Latest tweets:

52m ago [HKmtg]To Everyone reading this. < snip >

Are we rich yet?

Well played...

[adamstgBit]

[Fatman3001]

I like Antpool.

https://twitter.com/cnLedger/status/700972281221124096

Don't come here and tell me the chinese can't tell it like it is now and then.

[danielW]

I am so ready for moon

[Denker]

I am so ready for moon

Who isn't!
We are seeing a nice little upwards push today.
Great start in the weekend so far.