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

[Ibian]

I cannot believe that a) Roach's comments were made and b) no one had been responding?

Maybe read the last pages again.


As for the rest of the tinfoil gang:

There's a reason why you're not getting laid, you know that right?

Your avatar is the very image of sexual desperation.

But beyond that, yes, there is a reason, and the reason is that women fucked the nazis. They are natural traitors, and they do not like patriots.

[JR1515]

OK, Ibian, I would say your comment was a stereotype and not hateful. Roach was spouting some hateful shit. People are entitled to believe whatever they want, this just seems like a really strange place for this conversation.

[machasm]

The kids here don't even know that we ancients used to mine BTC with GPUs. Jeez.

I heard that Satoshi mined the first million on his abacus.

http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html

Conclusion

The SHA-256 algorithm is surprisingly simple, easy enough to do by hand. (The elliptic curve algorithm for signing Bitcoin transactions would be very painful to do by hand since it has lots of multiplication of 32-byte integers.) Doing one round of SHA-256 by hand took me 16 minutes, 45 seconds. At this rate, hashing a full Bitcoin block (128 rounds)[3] would take 1.49 days, for a hash rate of 0.67 hashes per day (although I would probably get faster with practice). In comparison, current Bitcoin mining hardware does several terahashes per second, about a quintillion times faster than my manual hashing. Needless to say, manual Bitcoin mining is not at all practical.[5]

A Reddit reader asked about my energy consumption. There's not much physical exertion, so assuming a resting metabolic rate of 1500kcal/day, manual hashing works out to almost 10 megajoules/hash. A typical energy consumption for mining hardware is 1000 megahashes/joule. So I'm less energy efficient by a factor of 10^16, or 10 quadrillion. The next question is the energy cost. A cheap source of food energy is donuts at $0.23 for 200 kcalories. Electricity here is $0.15/kilowatt-hour, which is cheaper by a factor of 6.7 - closer than I expected. Thus my energy cost per hash is about 67 quadrillion times that of mining hardware. It's clear I'm not going to make my fortune off manual mining, and I haven't even included the cost of all the paper and pencils I'll need.

Love it BobLawblaw. Particularly how you took the time to break it all down into energy consumption and efficiency.
You must be bored out of your brains to even bother working it all out. :-)

[Meuh6879]

You can not have me ... littles knaves.

[jojo69]

The relationship between the chosen people and the rest of humanity has been...complex.

It is possible to recognize the over representation of a certain ethnicity at the top of the fiat pyramid without the pathetic display of ignorant hate exemplified by the ignored one.

The history is very long, and painful for both sides, only through dialog based on fact can humanity hope to move forward on this.

[Ibian]

OK, Ibian, I would say your comment was a stereotype and not hateful. Roach was spouting some hateful shit. People are entitled to believe whatever they want, this just seems like a really strange place for this conversation.

Jews own the banks, and banks are (generally believed to be) against bitcoin. It is relevant to all of our shared interest.

[yefi]

I feel old.

Can 2013'ers feel old? I secretly feel like a noob. 2011 - now that's where the beard bushes out and testicles descend to the knees.

[bitserve]

OK, Ibian, I would say your comment was a stereotype and not hateful. Roach was spouting some hateful shit. People are entitled to believe whatever they want, this just seems like a really strange place for this conversation.

Jews own the banks, and banks are (generally believed to be) against bitcoin. It is relevant to all of our shared interest.

Are you impliying that since r0ach is against Bitcoin he is Jew?

That would be an awesome plot twist!

[Last of the V8s]

when faced with a double-figure ask, buy it on Stamp today

[JR1515]

White people own the majority of centralized assets in the United States, they must be against bitcoin.

[Ibian]

The relationship between the chosen people and the rest of humanity has been...complex.

It is possible to recognize the over representation of a certain ethnicity at the top of the fiat pyramid without the pathetic display of ignorant hate exemplified by the ignored one.

The history is very long, and painful for both sides, only through dialog based on fact can humanity hope to move forward on this.

Well since it has come to this, I'm gonna have to link a book. So here you go.

http://people.uncw.edu/kozloffm/glubb.pdf

It's short and to the point and outlines how the human cultural cycle works. A group of people start from nothing, expands and become wealthy, advanced and affluent. This is the ascent of a culture. Then they become intellectual, decadent, weak in both mind and body and are taken over by another, ascendant, culture or simply wither away into... well, into afghanistan and such places.

Both the ascent and descent have certain specific markers, among them and relevant to our interests is the fact that ascendant cultures are almost universally homogeneous, that is, they are not multicultural.

Cultures on the decline are, and jews, living among other peoples as they do, can only exist in a culture in decline. Which is why they do everything to undermine it.

And that's about it for the jew question. It's really not complicated at all once you understand the relevant, historical and empirical, information.

[oda.krell]

I feel old.

Can 2013'ers feel old? I secretly feel like a noob. 2011 - now that's where the beard bushes out and testicles descend to the knees.

Guess you're right. Too bad 'knee level testicles' and 'merely thigh level testicles' share the same status label.

[ErisDiscordia]

The curious thing is that I never hear anyone deny that jews are doing all the things that people like roach say they are. It's like everyone knows it, but is afraid to say it.

fucking nazis are nazis. fuck them.  

So you agree, then? The jews do in fact own the banks, most of the major mainstream western media and almost certainly a lot of the politicians who allegedly run our countries? If not, a firm denial of any or all of the above would be in order.

The problem is with the structure and character of the institutions themselves, not with who owns and runs them. Creatures like roach naively suggest solving the problem by exchanging those at the top, completely missing the point. Which is to be expected - neophobic reactionaries are only able to look backwards, usually revising the past to better suit their established worldview.

(Even though we are all guilty of that revisionism to some degree. The key is recognizing our own biases and not being a dogmatic narrow-minded know-it-all because at that point we stop receiving new information and get stuck in an infinite loop of spewing bullshit. There is a reason why "Belief System" abbreviates to "BS". )

Instead, can we please talk about how the hell Bitcoin Cash refuses to crash below 0.06BTC/BCH even while BTC is rising??

[Ibian]

White people own the majority of centralized assets in the United States, they must be against bitcoin.

Actually again, that would be the jews. Now some people call them white, which is obviously dishonest, but there we go.

[Torque]

Well this is expected, the MSM keeping up their negative attacks on Bitcoin.

Now they are going for a new angle: Pretend it's a positive spin article, then dash that positivity at the very end.

http://www.businessinsider.com/how-to-buy-bitcoin-using-coinbase-2017-8/#when-i-tried-to-close-the-account-that-penny-proved-to-be-an-issue-as-much-as-i-tried-to-send-the-lone-cent-with-addresses-i-found-around-the-internet-coinbase-didnt-let-me-heres-to-hoping-bitcoin-skyrockets-and-my-investment-quadruples-in-value-21

The very last few quoted sentences:

"Oh, and a final thing: When I tried to buy lunch after all this, my card got declined. My bank had blocked the card after the initial purchase.

Apparently, I wasn't the only one who was wary about going into all this."

Fucking Un-Bee-Lievable

[romneymoney]

JFC I come back here to check out the action on BTC and you assholes are having a Jew bashing session.  WTF does that have to do with BTC? and "Jews own the banks" is not an useful or accurate answer.  

[JR1515]

This is fine, enjoy your thread, I'll gather and share thoughts on Bitcoin somewhere else. Not the conversation I signed up for.

[Ibian]

The curious thing is that I never hear anyone deny that jews are doing all the things that people like roach say they are. It's like everyone knows it, but is afraid to say it.

fucking nazis are nazis. fuck them.  

So you agree, then? The jews do in fact own the banks, most of the major mainstream western media and almost certainly a lot of the politicians who allegedly run our countries? If not, a firm denial of any or all of the above would be in order.

The problem is with the structure and character of the institutions themselves, not with who owns and runs them. Creatures like roach naively suggest solving the problem by exchanging those at the top, completely missing the point. Which is to be expected - neophobic reactionaries are only able to look backwards, usually revising the past to better suit their established worldview.

(Even though we are all guilty of that revisionism to some degree. The key is recognizing our own biases and not being a dogmatic narrow-minded know-it-all because at that point we stop receiving new information and get stuck in an infinite loop of spewing bullshit. There is a reason why "Belief System" abbreviates to "BS". )

Instead, can we please talk about how the hell Bitcoin Cash refuses to crash below 0.06BTC/BCH even while BTC is rising??

A fair point, but then suggestions for improvements become necessary. I have my own ideas which I will not share here at this time, but how about you? Any ideas?

[Ibian]

JFC I come back here to check out the action on BTC and you assholes are having a Jew bashing session.  WTF does that have to do with BTC? and "Jews own the banks" is not an useful or accurate answer.  

Are you making the claim that they, in fact, do not own the banks?

[Torque]

White people wealthy central bankers and elitists own the majority of centralized assets in the United States, they must be against bitcoin any asset that causes Average Joe's wealth to increase.

FTFY. Whatever these people suppress or want the citizens to stay away from, the citizens should be quietly acquiring with two fists. Pay off your debts, buy bitcoin, PMs, land and/or a house (not on credit), and other deflationary assets.