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

[deepcolderwallet]

It looks like the big altcoin crypto bubble is bursting on all frontiers currently:

• Altcoins crashing in Bitcoin ratio

• GPU mining rewards decreased by 75%

• Poloniex Bitcoin lending market down to a wooping 0.03%/day when it was 0.7% at some point

As an altcoin gpu miner I've felt that in my flesh. But as a Bitcoin fanatic and long term believer I only mine ETC to exchange for Bitcoin and increase my stash, thus this reward decrease is actually being excellent to me, as we got from May to June an outstandingly increase in mining competition that dried GPU stores off. Roger Ver's shameful news outlet reported a mass of unemployed in many eastern-European countries were gpu-mining to complement their incomes, and that made things more difficult for those who were previously mining. Now that it is not profitable anymore (at least for those who aim on mining to sell and earn Fiat), alts gpu mining is back for those who see as a good investment to change their electricity bill for Bitcoins. Or buy Bitcoins with their electricity bill, whatever way you want to see it.

[1713264215]

1713264215

[HostFat]

https://np.reddit.com/r/BitcoinABC/comments/6mmms1/new_release_of_bitcoin_abc_0142/
https://np.reddit.com/r/btc/comments/6mmp49/new_release_of_bitcoin_abc_0142_rbitcoinabc/

This release include various changes. The most notable is a difficulty adjustment algorithm that decrease the difficulty in case hashrate gets very low. We obviously which that this feature won't be used, and it won't kick in if hashrate stay above 8% of the global hashrate. However, this ensure that this chain will survive no matter what, as long as someone think it is valuable.

Maybe if you have some old ASICs, they can be useful again ...

[deepcolderwallet]

https://np.reddit.com/r/BitcoinABC/comments/6mmms1/new_release_of_bitcoin_abc_0142/
https://npreddit.com/r/btc/comments/6mmp49/new_release_of_bitcoin_abc_0142_rbitcoinabc/

This release include various changes. The most notable is a difficulty adjustment algorithm that decrease the difficulty in case hashrate gets very low. We obviously which that this feature won't be used, and it won't kick in if hashrate stay above 8% of the global hashrate. However, this ensure that this chain will survive no matter what, as long as someone think it is valuable.

Maybe if you have some old ASICs, they can be useful again ...

How long for this code to be implemented?

[Syke]

Maybe if you have some old ASICs, they can be useful again ...

Maybe in the winter, but not now, it's already too hot!

[HostFat]

How long for this code to be implemented?

It is already here:
https://github.com/Bitcoin-ABC/bitcoin-abc
https://github.com/Bitcoin-ABC/bitcoin-abc/commit/7ad1105f43d7bff158d4b5c882ab9bf1b74d6cce

https://www.bitcoinabc.org/binaries/0.14.2/

It is on the links that I've put before.

[r0ach]

snip

because no cryptocurrency created thus far (and probably ever) actually improves upon metals in any way
  

 

Here you go young shekler, this episode of the r0ach report is dedicated to you:

The r0ach report 18: The great PoW lie

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

I am touched.

You say that cryptocurrency does not improve on metals in any way?

I shall make you a deal- if you can send me 1 Ounce of Gold to arrive to me in the next hour- I shall pay you  $10,000 (because thats how much I loves me some gold)  for it in Bitcoin which should likewise arrive within the hour? Sounds like a fair deal to me.

It's not a valid argument.  It's like complaing about the speed of light existing, while if it did not exist, everything would happen at the same time.  That friction is required for anything to exist at all and also for things like decentralization to exist.  Reducing friction to zero is not actually a beneficial trait, especialy when doing so requires you to change from sound money to unsound money.  It's a pro-hyper globalization argument when globalization just leads to collapse.  

It's like Joseph Tainter says, "collapse is rapid simplification on a mass scale".  Such a thing can only happen if all systems are interconnected under globalization.  It's necessary to buffer systems off from one another induced by friction to avoid said outcome.

[empowering]

snip

because no cryptocurrency created thus far (and probably ever) actually improves upon metals in any way
  

 

Here you go young shekler, this episode of the r0ach report is dedicated to you:

The r0ach report 18: The great PoW lie

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

I am touched.

You say that cryptocurrency does not improve on metals in any way?

I shall make you a deal- if you can send me 1 Ounce of Gold to arrive to me in the next hour- I shall pay you  $10,000 (because thats how much I loves me some gold)  for it in Bitcoin which should likewise arrive within the hour? Sounds like a fair deal to me.

It's not a valid argument.  It's like complaing about the speed of light existing, while if it did not exist, everything would happen at the same time.  That friction is required for anything to exist at all and also for things like decentralization to exist.  Reducing friction to zero is not actually a beneficial trait, especialy when doing so requires you to change from sound money to unsound money.

Baloney

[r0ach]

It's not a valid argument.  It's like complaing about the speed of light existing, while if it did not exist, everything would happen at the same time.  That friction is required for anything to exist at all and also for things like decentralization to exist.  Reducing friction to zero is not actually a beneficial trait, especialy when doing so requires you to change from sound money to unsound money.

Baloney

[r0ach]

[bones261]

Wow, there are over 20K BTC available for loan offers on Polio. Guess few want to go long on bullshit. 

[freedomno1]

August 1st will be a fun date it's basically the cliffhanger and season finale we have all been waiting for drama wise.
Since we have been on a rerun of lets do something for the last couple months and before that 2016 then saw the limit and backlogs increasing txt fees and people finally going zomg its a happening lets do something now.
Volcanos will rise up during the month of August.
Let the popcorn be eaten.

[hv_]

snip

because no cryptocurrency created thus far (and probably ever) actually improves upon metals in any way
  

 

Here you go young shekler, this episode of the r0ach report is dedicated to you:

The r0ach report 18: The great PoW lie

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-18-the-great-pow-lie

Haven't you forgotten there just about the inherent latent repulsion forces sourced by the Nash equilibrium in Satoshi-PoW, that causing a big price drop if 'the centralization' (needs to be defined) is unveiled to the masses > trust is lost?

This is not working in metals ...

[Dotto]

It seems like

[Last of the V8s]

well blow me. dunno how i can've missed this one: https://eros.vision/ might blow my whole wad on it etc etc
"Our goal is to offer an authentic OpenBazaar of Sex that cannot be censured, banned nor shut down by any government or religious authority."

[Elwar]

well blow me. dunno how i can've missed this one: https://eros.vision/ might blow my whole wad on it etc etc
"Our goal is to offer an authentic OpenBazaar of Sex that cannot be censured, banned nor shut down by any government or religious authority."

Strange that they are making the OpenBazaar of Sex when they could just use OpenBazaar and create an interface for sex.

[noobtrader]

well blow me. dunno how i can've missed this one: https://eros.vision/ might blow my whole wad on it etc etc
"Our goal is to offer an authentic OpenBazaar of Sex that cannot be censured, banned nor shut down by any government or religious authority."

Strange that they are making the OpenBazaar of Sex when they could just use OpenBazaar and create an interface for sex.

if they use openbazaar then there will be no token and no revenue.

btw, isnt it sound like a modern day pimp ?

[Elwar]

well blow me. dunno how i can've missed this one: https://eros.vision/ might blow my whole wad on it etc etc
"Our goal is to offer an authentic OpenBazaar of Sex that cannot be censured, banned nor shut down by any government or religious authority."

Strange that they are making the OpenBazaar of Sex when they could just use OpenBazaar and create an interface for sex.

if they use openbazaar then there will be no token and no revenue.

btw, isnt it sound like a modern day pimp ?

Europe has websites that advertise escorts like going to Amazon.com. The prudish countries like Iran and the US aren't used to such things.

http://www.ladies.de

Not that I ever partook.

[Last of the V8s]

 Gabriel D Vine Retweeted
John Light‏ @lightcoin Jul 10

This looks like a nifty tool: "What is the effect of changing the bitcoin MAX_BLOCK_SIZE?"  https://iancoleman.github.io/blocksize/#_  Props to Ian Coleman!

-orphans, orphans everywhere!

[pfrtlpfmpf]

Guys, i bought back at 2267, please guide me to the wanking thread, otherwise i´ll come all over your screen, you don´t want that, do you ?
I just don´t know, where to go now ! Please, sort me out.

[Elwar]

Guys, i bought back at 2267, please guide me to the wanking thread, otherwise i´ll come all over your screen, you don´t want that, do you ? 

Current price: $2323

This is gentlemen!