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

[jbreher]

I think some Bitcoin proponents have entered the 3rd phase of obsession:

[conspirosphere.tk]

Instead of pooling money to tear down Bitman, why don't you pool your money to outcompete them? Add to Bitcoin's security, rather than destroy it.

That's something I have always wondered. Why heavily invested individuals/groups (those in the high tens of thousands or even hundreds of thousands BTC) don't invest in a competing ASICS manufacturer?.

I can understand that mining activity depends on other factors like cheap electricity, cheap maintenance labour, etc so Chineese pools will always have an advantage there. More so if there is any State support that we are not aware of. But they could compete in mining equiment development/manufacturing.

There is only a logical answer: they feel that the risk is too high.
Either because most of the easy coins have already been mined, and/or because they do not expect that it would be a secure investment (due to civil wars, change in PoW, etc).
But I hear that Russia has electricity at 1 cent/Kwh and that's why they want to get in at the top State level.

[conspirosphere.tk]

I think some Bitcoin proponents have entered the 3rd phase of obsession:

https://i.imgur.com/SSohNyc.png

Indeed. I reached the stage where I expect to bring most of my coins to hell with me, especially b/c rather than paying 1$ in additional taxes to the state pimps I will starve in the gutter.

[hv_]

Lombrozo should follow through and ignore Wu's lies, I have no idea how he could accomplish it though.
Lomborzo could even 'kickstart/donate' to get funding and have enough within the hour.
Everyone is tired of Bitmain.

Jeebus, that's infantile.

Instead of pooling money to tear down Bitman, why don't you pool your money to outcompete them? Add to Bitcoin's security, rather than destroy it.

Infantile.  They will burn lot of money and / or exit the gene pool. Free world.

[savetherainforest]

Being an US citizen sucks! ... you should all quit and move to another "crypto" state... just change your coin!!!

Greatest country on the fucking planet, cuck. Don't mess with Uncle Sam. Pay him his share or else he'll fuck you up.

Ain't got time to risk not playing by his rules.

EDIT: Somewhat related thread. https://www.reddit.com/r/Bitcoin/comments/6w5c0v/i_have_sold_over_4m_worth_of_bitcoin_how_to/

Too bad I don't believe in taxation. I would pay that 2% tax for NATO, another 1% for police/protection institution in that said country. And I would have a special heath insurance for growing limbs and other expensive stuff for when I'm old and rusty!   .. but anything else.. just should be removed from the existence of any government.

[Torque]

Being an US citizen sucks! ... you should all quit and move to another "crypto" state... just change your coin!!!

All Liberland needs to do is set up a solar grid array and an underground Bitcoin mining facility. Connect to main blockchain via satellite. Zero cost mining. Done.
https://liberland.org/en/main/

[marcus_of_augustus]

Lombrozo should follow through and ignore Wu's lies, I have no idea how he could accomplish it though.
Lomborzo could even 'kickstart/donate' to get funding and have enough within the hour.
Everyone is tired of Bitmain.

Jeebus, that's infantile.

Actually it is not at all and it shows how much you and the other centralisers misunderstand Bitcoin.

Bitmain has become a big fat, plump, centralised target. It is logical, and cheaper, to attack them than out-compete them. In fact, it is necessary for the good of the Bitcoin ecosystem that large centralised entities are attacked relentlessly and mercilessly, before governments co-opt or coerce them into exerting any form of control over the network. The sooner Bitmain is attacked and smashed into tiny decentralised pieces the better for everyone, even for jihan, it is for his own good, he will realise that eventually.

[criptix]

Being an US citizen sucks! ... you should all quit and move to another "crypto" state... just change your coin!!!

Greatest country on the fucking planet, cuck. Don't mess with Uncle Sam. Pay him his share or else he'll fuck you up.

Ain't got time to risk not playing by his rules.

EDIT: Somewhat related thread. https://www.reddit.com/r/Bitcoin/comments/6w5c0v/i_have_sold_over_4m_worth_of_bitcoin_how_to/

Doesnt it make one wonder that all the wannabe btc millionaires are asking tax related question on reddit?

I though nowadays even druglords need tax accountants 

[mymenace]

Palms are itchy

[BlindMayorBitcorn]

[Searing]

Palms are itchy

Lisk is currently doing this.....MOONSHOT....would be nice to see BTC keep up ratio wise to that right now

why I hold coin...I never ever pick the right coin to sell ...thus I hold....hoarder I am....

but hey, BTC ...look at Lisk....(hint, hint) don't want them alts flying by you % wise right.....GO/GO/GO.

(hoarding everything again has definitely been increased on my end. Why I won't sell Bitcoin Cash for all I know it will be a great alt)

Paranoia ..the only way to moon shoot...

[yefi2]

Lisk is currently doing this.....MOONSHOT....would be nice to see BTC keep up ratio wise to that right now

Slow and steady wins the race. Digibytes jumped up like Ram Man and look what happened there.

[Ibian]

Greatest country on the fucking planet,

It was. Not anymore. Civil war and mass poverty and starvation is coming.

[Ibian]

Being an US citizen sucks! ... you should all quit and move to another "crypto" state... just change your coin!!!

All Liberland needs to do is set up a solar grid array and an underground Bitcoin mining facility. Connect to main blockchain via satellite. Zero cost mining. Done.
https://liberland.org/en/main/

Except for, you know, the solar panels and related infrastructure.

[Elwar]

Greatest country on the fucking planet,

It was. Not anymore. Civil war and mass poverty and starvation is coming.

My tax plans include planning on living longer than the US exists.

[elrippos friend]

wtf is going on with Monero?
 

It is gaining acceptance 

[Last of the V8s]

wtf is going on with Monero?
 

It is gaining acceptance  

yes because they really studied the shit outta that cryptonight algorithm
they really know everything there is to know about its strengths and weaknesses
just like in sha256. so many studies. so much research. sure-fire winner
accepted. by the Committee for the Furtherance of Korean Whales' Stashes.

[Elwar]

So...if I wanted to take the free cash I got from the fork and short it at full margin on Bitfinex, where would I set my margin to the highest level?

[becoin]

So...if I wanted to take the free cash I got from the fork and short it at full margin on Bitfinex, where would I set my margin to the highest level?

Don't use margin, you'll be tricked and robbed! Just sell this sh!t and forget. Next sh!t is coming just in 2 months.

[Spaceman_Spiff_Original]

Lisk is currently doing this.....MOONSHOT....would be nice to see BTC keep up ratio wise to that right now

Slow and steady wins the race. Digibytes jumped up like Ram Man and look what happened there.

I see they got to you too (account hackers).