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

[adamstgBit]

You see sir bitcoin is a internet meme

its funny, funny money, internet money, like a meme, get it?

[JimboToronto]

President Putin’s counselor and advisor on the internet, German Klimenko, or a Canadian uᴉoɔʇᴉq monomaniac calling himself adamstgBit...
Who to believe?

I'll take the Canadian over the Russian any day.

The smartest Russian, Vitalik Buterin grew up and was educated in Canada. Coincidence?

Mind you, he was smart enough to take his (and other people's) money to Switzerland.

Klimenko? He's just toadying up to KGB boy.

[bargainbin]

President Putin’s counselor and advisor on the internet, German Klimenko, or a Canadian uᴉoɔʇᴉq monomaniac calling himself adamstgBit...
Who to believe?

I'll take the Canadian over the Russian any day.

The smartest Russian, Vitalik Buterin grew up and was educated in Canada. Coincidence?

Mind you, he was smart enough to take his (and other people's) money to Switzerland.

Klimenko? He's just toadying up to KGB boy.

>smartest Russian
>brought up & schooled in Canada

Tragical waste of a mind

[adamstgBit]

President Putin’s counselor and advisor on the internet, German Klimenko, or a Canadian uᴉoɔʇᴉq monomaniac calling himself adamstgBit...
Who to believe?

I'll take the Canadian over the Russian any day.

The smartest Russian, Vitalik Buterin grew up and was educated in Canada. Coincidence?

Mind you, he was smart enough to take his (and other people's) money to Switzerland.

Klimenko? He's just toadying up to KGB boy.

>smartest Russian
>brought up & schooled in Canada

Tragical waste of a mind

i was brought up on the internet
IRC is my old neighbourhood
MSN is where i grew up
until i moved to facebook
i didnt like there people we so.... meh.
and then i found uᴉoɔʇᴉq.

[adamstgBit]

[bargainbin]

President Putin’s counselor and advisor on the internet, German Klimenko, or a Canadian uᴉoɔʇᴉq monomaniac calling himself adamstgBit...
Who to believe?

I'll take the Canadian over the Russian any day.

The smartest Russian, Vitalik Buterin grew up and was educated in Canada. Coincidence?

Mind you, he was smart enough to take his (and other people's) money to Switzerland.

Klimenko? He's just toadying up to KGB boy.

>smartest Russian
>brought up & schooled in Canada

Tragical waste of a mind

i was brought up on the internet
IRC is my old neighbourhood
MSN is where i grew up
until i moved to facebook
i didnt like there people we so.... meh.
and then i found uᴉoɔʇᴉq.

 

>i was brought up in a cardboard box on IRC
>an older kid turned me on to uᴉoɔʇᴉq
>At 12yo, began selling my ass goods and services on DNM to support intravenous gambling habit.

I hear some overcome and recover, don't give up brah!




jk, you never had a chance

[adamstgBit]

[bargainbin]

Yeh...  not pretty. Have you considered going on ETH maintenance?
Or maybe taper/wean yourself off the stuff by mining (AKA "Chinese cure")?

[adamstgBit]

price res. broken, and not a shit was given... this is bullish

[adamstgBit]

price breaks 420 once again, here what i have to say:

[adamstgBit]

[adamstgBit]

i sent this one to my gf



LOL

[Chef Ramsay]

Smirnoff or 5 o'clock?

[adamstgBit]

Smirnoff or 5 o'clock?

Smirnoff

[adamstgBit]

i dnot do this every night
i was left to my own devices, gf was out wedding streess shpoing for her friend.

[r0ach]

because i need the coin to mine the coin the its a permissioned leger?

I explained earlier.  Forget trying to analyze what PoS is (a recursive, closed loop system).  Instead figure out why Bitcoin actually is a decentralized currency.  The answer is:

The purpose of mining is to create a permanent two way peg, decentralized exchange, which thus results in a permissionless system.

Once you remove the mechanism of a permanent 2 way peg with our world and the computer world, it turns into a closed entropy system, which is the equivalent of 1's and 0's being trapped on a floppy disk and not decentralized anymore.

It's the difference between a living and evolving organism vs a video game AI script.

[Chef Ramsay]

Smirnoff or 5 o'clock?

Smirnoff

how many? A friend said, i never stop at one nor go past eleven. Heard 5 o'clock makes the next day start pretty unfavorably.

[adamstgBit]

because i need the coin to mine the coin the its a permissioned leger?

I explained earlier.  Forget trying to analyze what PoS is (a recursive, closed loop system).  Instead figure out why Bitcoin actually is a decentralized currency.  The answer is:

The purpose of mining is to create a permanent two way peg, decentralized exchange, which thus results in a permissionless system.

Once you remove the mechanism of a permanent 2 way peg with our world and the computer world, it turns into a closed entropy system, which is the equivalent of 1's and 0's being trapped on a floppy disk and not decentralized anymore.

being fully honest, i have simply dont understand what your saying, maybe my view is too high level. to me you either prove you computing power  (POW) or you prove your economic power ( POS)

i think we'd need a face to face discussion with a blackboard to understand your point. ( and i need to be equipped with a joint )

that being said i trust your one to somthing fundamental which really does make POS systems invalid in some way, the fact that i dont "get it" dosnt make much diff to me, you've convinced me... without making me understand , if that makes any sense

[r0ach]

being fully honest, i have simply dont understand what your saying, maybe my view is too high level. to me you either prove you computing power  (POW) or you prove your economic power ( POS)

i think we'd need a face to face discussion with a blackboard to understand your point.

Do you understand that the act of mining itself is technically a decentralized exchange?  Most people don't know Bitcoin has a decentralized exchange, but that's exactly what it is.  It's a permanent decentralized exchange because the block reward is subsidized by transaction fees so you can always go straight to the tree itself to pluck off coins.  If you remove this peg, it becomes a closed entropy system and is no longer decentralized, but only a distributed, permissioned ledger.

If you want to use the system, you require native tokens, and in a closed entropy system, you're at the mercy of whoever owns them to extort you.  In Bitcoin, it's an open-entropy, permissionless ledger, so this is not the case.  This means the only way you could actually define closed entropy systems is basically companies or businesses.  The nash equilibrium is then lost for much of their use case.

[adamstgBit]

Smirnoff or 5 o'clock?

Smirnoff

how many? A friend said, i never stop at one nor go past eleven. Heard 5 o'clock makes the next day start pretty unfavorably.

i lost count, its time for me to stop.
my GF came home and took the bottle away ( on my  last drink )
god( the universe of organized randomness ) bless her soul.