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

[Ibian]

And democracy is mob rule. BEFORE women got the right to vote, we did not have mob rule.

You clearly were born after women had the right to vote and your knowledge of history is shorter than yesterday... .

Do feel free to enlighten us with your vast knowledge.

[RoomBot]

Why are people dumping before the Oct. 25 fork

Because nobody gives a flying fuck about Bitcoin Gold.

Actually, some of us actually could give two fucks. But that's about it.  

And why did they call it Bitcoin Gold? It has absolutely nothing to do with gold (e.g.- a coin backed by actual physical gold would make sense to be called Bitcoin Gold. But then it wouldn't have been Bitcoin at all w/o mining).

It shoulda been called BitGPU^TM, or something similar.

Kids these days, they absolutely SUCK at marketing and branding.

YUP!  

[jojo69]

Wow Ibian...have some more rope man...

[Ibian]

Wow Ibian...have some more rope man...

There is never enough rope.

Would you like to verbalize your particular objections?

[RoomBot]

A SJW is a communist. We use a different term at the moment because humans are frightened animals that refuse to accept that we are sliding back towards state totalitarianism.

I didn't realize there was an actual time period since the dawn of civilization where we slipped out of state totalitarianism. So not quite sure how we are going slip back into a state that we are already in.

Sure, some forms may appear more benign than others. However, when push comes to shove, any government will show it's true nature and unleash its full power over the "common" people. I don't care what label you put on it. Communism, socialism, democracy, fuedalism, imperialism, rebublic: all just the same bullshit. Just repackaged. And no, I'm not an anarchist either. Mob rule, which is what anarchy would degrade to, would be just as bad.

https://www.youtube.com/watch?v=mPVpMxVn6mk

YUP!

[bones261]

A SJW is a communist. We use a different term at the moment because humans are frightened animals that refuse to accept that we are sliding back towards state totalitarianism.

I didn't realize there was an actual time period since the dawn of civilization where we slipped out of state totalitarianism. So not quite sure how we are going slip back into a state that we are already in.

Sure, some forms may appear more benign than others. However, when push comes to shove, any government will show it's true nature and unleash its full power over the "common" people. I don't care what label you put on it. Communism, socialism, democracy, fuedalism, imperialism, rebublic: all just the same bullshit. Just repackaged. And no, I'm not an anarchist either. Mob rule, which is what anarchy would degrade to, would be just as bad.

There wasn't. That's the point. History is a cycle. It goes from some kind of mass dieoff (war, plague, famine - death in whatever cloak) to a thriving civilization to decadence to decline to another dieoff.

We are currently declining, and millions if not billions of people will soon die. Places like Venezuela are just the start.

And democracy is mob rule. BEFORE women got the right to vote, we did not have mob rule.

We had mob rule because the States all decided to turn the electoral college into what is now 50 individual popularity contests, and decided to let people "vote" for Senators rather than them being appointed by (hopefully) qualified individuals. Women being allowed to vote is usually just additional rubber stamps on what their particular clan believes anyway. And if you really think women had no role in what their particular "clan" believes, who throughout history usually had the main role of rearing the young ones and instilling the values in them?

[Ibian]

A SJW is a communist. We use a different term at the moment because humans are frightened animals that refuse to accept that we are sliding back towards state totalitarianism.

I didn't realize there was an actual time period since the dawn of civilization where we slipped out of state totalitarianism. So not quite sure how we are going slip back into a state that we are already in.

Sure, some forms may appear more benign than others. However, when push comes to shove, any government will show it's true nature and unleash its full power over the "common" people. I don't care what label you put on it. Communism, socialism, democracy, fuedalism, imperialism, rebublic: all just the same bullshit. Just repackaged. And no, I'm not an anarchist either. Mob rule, which is what anarchy would degrade to, would be just as bad.

https://www.youtube.com/watch?v=mPVpMxVn6mk

YUP!

Nope.

Under capitalism a small number of people are poor, but given aid by charity. Under communism everyone is poor, and then millions of people die.

[Torque]

Wow Ibian...have some more rope man...

There is never enough rope.

Would you like to verbalize your particular objections?

Not directed toward your comment Ibian...

But like I said, this is exactly why honest, thoughtful, and peaceful debate never occurs in our society anymore. Because people already have their minds made up, their positions solidified. They only use discourse to verbally assault, demean, condescend, and try to shut down the other person.

So I wouldn't even bother discussing anything off topic here.

[Ibian]

A SJW is a communist. We use a different term at the moment because humans are frightened animals that refuse to accept that we are sliding back towards state totalitarianism.

I didn't realize there was an actual time period since the dawn of civilization where we slipped out of state totalitarianism. So not quite sure how we are going slip back into a state that we are already in.

Sure, some forms may appear more benign than others. However, when push comes to shove, any government will show it's true nature and unleash its full power over the "common" people. I don't care what label you put on it. Communism, socialism, democracy, fuedalism, imperialism, rebublic: all just the same bullshit. Just repackaged. And no, I'm not an anarchist either. Mob rule, which is what anarchy would degrade to, would be just as bad.

There wasn't. That's the point. History is a cycle. It goes from some kind of mass dieoff (war, plague, famine - death in whatever cloak) to a thriving civilization to decadence to decline to another dieoff.

We are currently declining, and millions if not billions of people will soon die. Places like Venezuela are just the start.

And democracy is mob rule. BEFORE women got the right to vote, we did not have mob rule.

We had mob rule because the States all decided to turn the electoral college into what is now 50 individual popularity contests, and decided to let people "vote" for Senators rather than them being appointed by (hopefully) qualified individuals. Women being allowed to vote is usually just additional rubber stamps on what their particular clan believes anyway.

Women vote more uniformly than men, which means the moment women got the vote, women controlled politics. And women always vote for more security at the expense of freedom. Which, as every american knows, means you will get neither.

[Ibian]

Wow Ibian...have some more rope man...

There is never enough rope.

Would you like to verbalize your particular objections?

Not directed toward your comment Ibian...

But like I said, this is exactly why honest, thoughtful, and peaceful debate never occurs in our society anymore. Because people already have their minds made up, their positions solidified. They only use discourse to verbally assault, demean, condescend, and try to shut down the other person.

So I wouldn't even bother discussing anything off topic here.

Amygdala hijacking is an art. This is practice.

[yefi]

We are currently declining, and millions if not billions of people will soon die. Places like Venezuela are just the start.

Is this your opening line of conversation at the dinner table?

Anyway, seems like we're having another crack at 6,000. There was a little more resistance than I was expecting. Perhaps traders are wary as the combined crypto cap is forming a double top.

[jojo69]

I...well, I guess if you want to call it triggered you can.

You will take away my sister's, my mother's, my lover's, my daughter's franchise when you overrun our trenches.  I would say best of luck, but in this I really don't wish you any.

Cheers mate

[fabiorem]

Women vote more uniformly than men, which means the moment women got the vote, women controlled politics. And women always vote for more security at the expense of freedom. Which, as every american knows, means you will get neither.

This explains why there's no women into bitcoin. Bitcoin is all freedom and very risky.

Women's nature is passive. There's no way to change it, despite what hysterical feminists want.

[bones261]

Women vote more uniformly than men, which means the moment women got the vote, women controlled politics. And women always vote for more security at the expense of freedom. Which, as every american knows, means you will get neither.

This explains why there's no women into bitcoin. Bitcoin is all freedom and very risky.

Women's nature is passive. There's no way to change it, despite what hysterical feminists want.

Passive or passive-aggressive? There is a difference... Oh well, what the hell do I know about women? 

[Ibian]

We are currently declining, and millions if not billions of people will soon die. Places like Venezuela are just the start.

Is this your opening line of conversation at the dinner table?

Anyway, seems like we're having another crack at 6,000. There was a little more resistance than I was expecting. Perhaps traders are wary as the combined crypto cap is forming a double top.

I eat alone.

[Ibian]

I...well, I guess if you want to call it triggered you can.

You will take away my sister's, my mother's, my lover's, my daughter's franchise when you overrun our trenches.  I would say best of luck, but in this I really don't wish you any.

Cheers mate

?

[Ibian]

Women vote more uniformly than men, which means the moment women got the vote, women controlled politics. And women always vote for more security at the expense of freedom. Which, as every american knows, means you will get neither.

This explains why there's no women into bitcoin. Bitcoin is all freedom and very risky.

Women's nature is passive. There's no way to change it, despite what hysterical feminists want.

Passive or passive-aggressive? There is a difference... Oh well, what the hell do I know about women? 

Both.

[LewisPirenne]

Since we are discussing politics, we might as well discussing Bitcoin politics.  As people may know already, BCH is set to hard fork on Nov. 13, 2017 to change their EDA/DAA.  
https://bitsonline.com/bitcoin-cash-hard-fork/
Now while people may laugh it off as just another joke from an ALT.  I believe the date is chosen to deliberately cause max disruption.  

As we know, the S2X fork is set to happen around Nov 14, 2017 and that the next BTC difficulty adjustment will likely increase difficulty by at least 10%.  So with another difficulty adjustment around Nov 10, we would likely see difficulty rise to at least 15~20% higher than the current level.

As we discussed before, S2X coin is now trading far below the S1X/Core at the current rate (6:1).  So the NYA miners are looking at 80%~90% mining loss right off gate if they choose to follow the S2X chain.  There is no EDA either, so as more miners bail, the remaining miners would face an impossible task in getting to 100 blocks to collect their pay at the current projected difficulty.  We also know that at least 30% of current hashrate is "mercenary" in that they are profit seeking and will jump to the currently most profitable chain, based on BCH experience.  

So by changing the BCH algorithm on Nov 13, it seeks to draw in the most opportunistic miners right before the S2X fork, so that remaining miners would have a better chance of enforcing a NYA outcome and make S2X succeed.  We already know that F2Pool pulled out of NYA and that ViaBTC would offer its miners the option to mine either S1X or S2X chain.  By making BCH profitable to mine on Nov. 13, miners who would have bailed on NYA on Nov 14 because S2X price is so unprofitable, would be unavailable on S1X/Core chain.

By trying to draw as much of profit-seeking hashrate to BCH instead of having them jump over to S1X chain right from the start, I presume the purpose is to try to crash the S1X price, or at least try to narrow the huge price difference between S1X and S2X so that people like Roger Ver, who make the 1000 BTC swap bet, can at least cover their ass and not look as bad.  It could also make the forking debacle more drawn out than expected, as its ultimately a power struggle between miners and hodlers.  Miners have to pay for electricity and depreciation, while it's free for hodler to hodl and not making any tx.  So narrowing the price difference between S1X and S2X would make miners' struggle easier.  

[ragnar0k]

Not that I care, but since we are OT I might just troll a bit.
I like how people use fascism as an alternative to nazism (I guess it is more of a mouthfull), though most are probably unable to tell the difference between the two.
That is not to say it wasn't an oppressive regime, but well, was definitely not what most people think. I don't see fascism (and I mean fascism per se, not what nazism wanted fascism to do) as particularly evil when compared to certain communist regimes (Castro or Stalin).

[d_eddie]

Since we are discussing politics, we might as well discussing Bitcoin politics.  As people may know already, BCH is set to hard fork on Nov. 13, 2017 to change their EDA/DAA.  
https://bitsonline.com/bitcoin-cash-hard-fork/
Now while people may laugh it off as just another joke from an ALT.  I believe the date is chosen to deliberately cause max disruption.
As we know, the S2X fork is set to happen around Nov 14, 2017 and that the next BTC difficulty adjustment will likely increase difficulty by at least 10%.  So with another difficulty adjustment around Nov 10, we would likely see difficulty rise to at least 15~20% higher than the current level.

As we discussed before, S2X coin is now trading far below the S1X/Core at the current rate (6:1).  So the NYA miners are looking at 80%~90% mining loss right off gate if they choose to follow the S2X chain.  There is no EDA either, so as more miners bail, the remaining miners would face an impossible task in getting to 100 blocks to collect their pay at the current projected difficulty.  We also know that at least 30% of current hashrate is "mercenary" in that they are profit seeking and will jump to the currently most profitable chain, based on BCH experience.  

So by changing the BCH algorithm on Nov 13, it seeks to draw in the most opportunistic miners right before the S2X fork, so that remaining miners would have a better chance of enforcing a NYA outcome and make S2X succeed.  We already know that F2Pool pulled out of NYA and that ViaBTC would offer its miners the option to mine either S1X or S2X chain.  By making BCH profitable to mine on Nov. 13, miners who would have bailed on NYA on Nov 14 because S2X price is so unprofitable, would be unavailable on S1X/Core chain.

By trying to draw as much of profit-seeking hashrate to BCH instead of having them jump over to S1X chain right from the start, I presume the purpose is to try to crash the S1X price, or at least try to narrow the huge price difference between S1X and S2X so that people like Roger Ver, who make the 1000 BTC swap bet, can at least cover their ass and not look as bad.  It could also make the forking debacle more drawn out than expected, as its ultimately a power struggle between miners and hodlers.  Miners have to pay for electricity and depreciation, while it's free for hodler to hodl and not making any tx.  So narrowing the price difference between S1X and S2X would make miners' struggle easier.  

Your post makes lots of sense. But maybe there's an alternative explanation?
Couldn't it be just an attempt to revive the vanishing BCH price, rather than to reduce the S1X/S2X price gap?
I mean, a way to repay back the "faithful" miners who mined BCH at a loss for a long time.
In any case, I'm waiting at the window with the bucket of my residual BCH ready to dump.