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

[Killerpotleaf]

This is the part that boggles me a bit lol with Bitfinex.... or maybe I'm just tired lol   seems redundant or something

If, however, there is a fork, specifically Bitcoin Unlimited, then, as soon as we list Bitcoin Unlimited, we will exchange BCU tokens for Bitcoin Unlimited tokens as well as retiring BCC tokens in favor of Bitcoin Core tokens.

BCU isn't bitcoin unlimited coins because such a thing doesn't exist.
I guess they are going to create completely separate markets once it actually forks, to make it clear, that these current markets are trading "hypothetical coins"

BTC is dead.
Hello BCC and BCU!
what a shame...

[Torque]

This is the part that boggles me a bit lol with Bitfinex.... or maybe I'm just tired lol   seems redundant or something

If, however, there is a fork, specifically Bitcoin Unlimited, then, as soon as we list Bitcoin Unlimited, we will exchange BCU tokens for Bitcoin Unlimited tokens as well as retiring BCC tokens in favor of Bitcoin Core tokens.

BCU isn't bitcoin unlimited coins because such a thing doesn't exist.
I guess they are going to create completely separate markets once it actually forks, to make it clear, that these current markets are trading "hypothetical coins"

BTC is dead.
Hello BCC and BCU!
what a shame...

[r0ach]

Both goods points, I was thinking the same thing and wondering if Roger Ver had some form of autism or some other impediment that may be preventing him from seeing the potential risks he is facing by destroying people's wealth; risks up to and including his own demise.

Depends if you believe lightning network will function in a decentralized manner or will be a valid scaling solution in general or not.  If you think it won't, Bitcoin needs around 8MB blocks at minium to be globally relevant as a payment system, and even then transaction fees are gonna be yuge.  It would still be limited to things like realtors or car salesmen doing big transactions, or people transferring something like $10,000 of their bitcoin at a time to a centralized off-chain payment system like the Bitpay Visa.

Such a use case would still only place bitcoin in the status of settlement layer.  I personally believe bitcoin does not function as a store of value, which is inherently required to be a settlement layer.  If people were looking for the base of Exter's pyramid (store of value) you should be looking at gold and silver instead.  Due to this, the price of bitcoin has to be floated by just raw transaction processing numbers aka utility, so huge scaling is imperative to it's price.  

The only way currently known to get that type of scaling is a solution like LN, so it seems like to me that the life and death of Bitcoin may rest on the ability of LN to work or not.

[marcus_of_augustus]

One thing Woo (and idiot Ver) may not have accounted for is by centralising so much power around themselves they are now major targets for any variant of the $5 wrench attack motivated by an incentive for control over a $20 billion monetary security system (or its demise) .... not smart guys by any stretch of the imagination. They might want to start spending that "$100 millions" they budgeted on attacking core (100's of decentralised developers) on some high class personal security.

You would think Ver knows enough of the cypherpunk history to know what happened to e-Gold, Liberty Reserve, e-Bullion, etc central actors. If you want to go centralised with your digital money expect to become the prime target for some major league criminals.

By that logic, such an attack would have occurred years ago on people like Gavinator, Wlad, or Gmaxwell already...

No, you are wrong again. These guys were smart and stood down when it appears they are having the "ring" of power ... Gavin stood down as "Chief Scientist" when the debate began to centralise around him, Wlad has taken the lesser role of repository maintainer and judiciously stays out of any political dramas by sticking precisely to technical discussions, Gmaxwell gave up his commit access right keys to the Core repo as soon as he become a target.

You would think after the destruction of DreadPirateRoberts, Shrem, Karpeles, Hearn and others who try to become "leaders", people would have learned that is a fool's errand. Satoshi's example wasn't just a cute disappearing trick, it is a fundamental necessity to the security model for decentralised monetary network.

Any tiny abuse of 'power' by actors in the bitcoin space has been dealt with swiftly and severely by forces both within and from outside. I kind of feel sorry for Woo, it will drive him crazy before it destroys him.

[AlexGR]

You would think after the destruction of Hearn and others who try to become "leaders" people would have learned that is a fool's errand. Satoshi's example wasn't just a cute disappearing trick, it is a fundamental necessity to the security model for decentralised monetary network.

BU has sorted this out too... A Bitcoin ...President

https://www.bitcoinunlimited.info/articles

Article 2: Confederation
...
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

...you can't make this stuff up. I thought the reddit image might have been tampered or something and went to check myself.

...A president.

...A fucking president.

[r0ach]

https://www.bitcoinunlimited.info/articles

Article 2: Confederation
...
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

...you can't make this stuff up. I thought the reddit image might have been tampered or something and went to check myself.

...A president.

...A fucking president.

Is Adam the president?

[marcus_of_augustus]

...you can't make this stuff up. I thought the reddit image might have been tampered or something and went to check myself.

...A president.

...A fucking president.

That must be for the lulz! ... it's like the "Hi, I'm the Bitcoin CEO" joke right?

"Hi, I'm the President of Bitcoin!" ... shots immediately ring out from every direction.

[alexout]

One thing Woo (and idiot Ver) may not have accounted for is by centralising so much power around themselves they are now major targets for any variant of the $5 wrench attack motivated by an incentive for control over a $20 billion monetary security system (or its demise) .... not smart guys by any stretch of the imagination. They might want to start spending that "$100 millions" they budgeted on attacking core (100's of decentralised developers) on some high class personal security.

You would think Ver knows enough of the cypherpunk history to know what happened to e-Gold, Liberty Reserve, e-Bullion, etc central actors. If you want to go centralised with your digital money expect to become the prime target for some major league criminals.

By that logic, such an attack would have occurred years ago on people like Gavinator, Wlad, or Gmaxwell already...

No, you are wrong again. These guys were smart and stood down when it appears they are having the "ring" of power ... Gavin stood down as "Chief Scientist" when the debate began to centralise around him, Wlad has taken the lesser role of repository maintainer and judiciously stays out of any political dramas by sticking precisely to technical discussions, Gmaxwell gave up his commit access right keys to the Core repo as soon as he become a target.

You would think after the destruction of DreadPirateRoberts, Shrem, Karpeles, Hearn and others who try to become "leaders", people would have learned that is a fool's errand. Satoshi's example wasn't just a cute disappearing trick, it is a fundamental necessity to the security model for decentralised monetary network.

Any tiny abuse of 'power' by actors in the bitcoin space has been dealt with swiftly and severely by forces both within and from outside. I kind of feel sorry for Woo, it will drive him crazy before it destroys him.

Please give me something of what youre smoking.

[AlexGR]

Is Adam the president?

No clue - although I doubt it

[marcus_of_augustus]

President of Bitcoin Company (POBC) sits down to discuss max_block_size, fees and mining rewards schedules for the next 10 year Communist party plan with PBOC.

[Killerpotleaf]

you feel that?

that's a train!

get in we're going to the launch pad.

[MinermanNC]

You would think after the destruction of Hearn and others who try to become "leaders" people would have learned that is a fool's errand. Satoshi's example wasn't just a cute disappearing trick, it is a fundamental necessity to the security model for decentralised monetary network.

BU has sorted this out too... A Bitcoin ...President

https://www.bitcoinunlimited.info/articles

Article 2: Confederation
...
President: a publicly identified (real-life identity is known) BU Member who is responsible for the ongoing activities of the confederation. The president shall resolve BUIP number conflicts, organize BUIP discussion (in the forum designated by the secretary), and schedule/initiate voting (within the limits specified in these articles).

...you can't make this stuff up. I thought the reddit image might have been tampered or something and went to check myself.

...A president.

...A fucking president.

LOL how ridiculous. Just the thought of that title is funny! what are they all thinking anyways  

I wonder if they will campaign for office  I want free BTC or BU" each month and free healthcare lol

[MinermanNC]

you feel that?

that's a train!

get in we're going to the launch pad.

She'll be comin around the corner when she comes" toot toot lol

[Killerpotleaf]

here we go! 

https://www.youtube.com/watch?v=ldHoJORpVK8

[Ted E. Bare]

Finally, back to normal?

[marcus_of_augustus]

Finally, back to normal?

Who panic sold at the bottom?

[BlindMayorBitcorn]

Finally, back to normal?

Who panic sold at the bottom?

[Killerpotleaf]

1002 bid wall on stamps getting eaten piece at a time
ok under 1000 One more this, this time put some feeling into it.

[Torque]

So has anyone here tried Abra yet?

https://www.goabra.com/

[r0ach]

So has anyone here tried Abra yet?

https://www.goabra.com/

Another neat conditioning scheme to get people into a digital only ban on cash slave system.  It's even backed by very fake news CNN.  All apps conveniently phone orientated because women love phones while also being the easiest thing on earth to brainwash since they just follow whatever popular opinion is perceived.  

That's an app for you to invest in currency, not money.  The bankers love the goyim to not know what money even is and to pretend they're gaining some type of wealth by hoarding currency only to then have the rug pulled out from under them.  Why pretend you're amassing wealth and removing counter party risk when you actually can with: