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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1%)
7/28 - 11 (11.5%)
8/4 - 16 (16.7%)
8/11 - 7 (7.3%)
8/18 - 5 (5.2%)
8/25 - 7 (7.3%)
After August - 49 (51%)
Total Voters: 96

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26452222 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
d_eddie
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October 25, 2017, 03:58:07 PM

I think its all about setting a direction and the others will follow! right now we use workarounds...

That's wonderful for the people that know about bitcoin and this workaround. To bring BTC to the masses you need Amazon and the like to adopt it.

Definitely. Imagine a "Pay with Bitcoin" button on Amazon's checkout page and what it will do for general adoption. That could be the true tipping point to the mythical S-curve.
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October 25, 2017, 04:05:36 PM

Guys, did anyone mention this yet?

http://fortune.com/2017/10/24/blockchain-coffee-bext360/

It’s got a lot people in the biohacking community now talking about BTC, including Dave Asprey. Sounds like he’s interested in following the lead here too!

 Shocked
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October 25, 2017, 04:32:40 PM

I think its all about setting a direction and the others will follow! right now we use workarounds...

That's wonderful for the people that know about bitcoin and this workaround. To bring BTC to the masses you need Amazon and the like to adopt it.

Definitely. Imagine a "Pay with Bitcoin" button on Amazon's checkout page and what it will do for general adoption. That could be the true tipping point to the mythical S-curve.
If amazon supports it, everyone will have to follow suit to keep up. Amazon is the tipping point.
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October 25, 2017, 04:51:32 PM

Coinbase just back-peddled their back-peddle. [...]

https://blog.coinbase.com/clarification-on-the-upcoming-segwit2x-fork-d3c0f545c3e0
Quote
"We are going to call the chain with the most accumulated difficulty Bitcoin."

https://gemini.com/blog/upcoming-bitcoin-hard-fork-modified-exchange-operations/
Quote
we will be measuring total cumulative computational difficulty of the blockchain to determine what we will call Bitcoin

So they are now on the same page as Satoshi is in his whitepaper. And in line with the Gemini exchange.
Nothing wrong with revising your view when you figure out there is only one measurement in the end: hashrate.
d_eddie
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October 25, 2017, 05:30:30 PM


So they are now on the same page as Satoshi is in his whitepaper. And in line with the Gemini exchange.
Nothing wrong with revising your view when you figure out there is only one measurement in the end: hashrate.

Consensus too was mentioned in the whitepaper, if I'm not mistaken.

If there's any truth to the recent news, imagine how happy Gemini and Coinbase customers will be when the "bitcoins" they bought (at a significant discount, I bet) get turned down by Amazon's cart checkout. I sense lawsuits incoming.
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October 25, 2017, 05:34:55 PM

Coinbase just back-peddled their back-peddle. [...]

https://blog.coinbase.com/clarification-on-the-upcoming-segwit2x-fork-d3c0f545c3e0
Quote
"We are going to call the chain with the most accumulated difficulty Bitcoin."

https://gemini.com/blog/upcoming-bitcoin-hard-fork-modified-exchange-operations/
Quote
we will be measuring total cumulative computational difficulty of the blockchain to determine what we will call Bitcoin

So they are now on the same page as Satoshi is in his whitepaper. And in line with the Gemini exchange.
Nothing wrong with revising your view when you figure out there is only one measurement in the end: hashrate.

Consensus too was mentioned in the whitepaper, if I'm not mistaken.

If there's any truth to the recent news, imagine how happy Gemini and Coinbase customers will be when the "bitcoins" they bought (at a significant discount, I bet) get turned down by Amazon's cart checkout. I sense lawsuits incoming.

pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?
d_eddie
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October 25, 2017, 05:39:08 PM

pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?

Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.
gwoplock
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October 25, 2017, 05:40:47 PM

pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?

Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.

let me rephrase that. I read a bit about the hard fork a while back, I just don't know what happened with that.
d_eddie
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October 25, 2017, 05:51:34 PM

pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?

Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.

let me rephrase that. I read a bit about the hard fork a while back, I just don't know what happened with that.
Sorry gwoplock, I thought you were fishing for sarcasm.

The attack is officially meant to double the blocksize (hence the 2x part of the name) while keeping SegWit, unlike the altcoin BCH, aka BitcoinCash (hence the ticker S2X). On paper, the motivation and the supporters are the same as the NY cartel. However, no proper replay protection has been implemented by the attackers. This is intentional, so the supposed fork is actually an attack. There has been open talk about "attacking" and "strategies" on some well-known Reddit subs. The real goal is replacing Core with more - say - malleable developer(s). Some kind of replay protection can be attempted post-fork at the user's risk. The token for the replay-protected resulting altcoin S2X is available for trade on a few selected exchanges, and is valued at a small fraction of the BTC price.
 
In the meantime, several original signers from the infamous NY coven have retracted their support. A couple of major exchanges are trying to keep a foot in two shoes.
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October 25, 2017, 05:59:08 PM

pardon my ignorance (I've been out of the loop for a few years) but what are these bitcoins you are talking about?

Digital stuff for nerds. Basically useless. Don't worry, exit the loop immediately.

let me rephrase that. I read a bit about the hard fork a while back, I just don't know what happened with that.
Sorry gwoplock, I thought you were fishing for sarcasm.

The attack is officially meant to double the blocksize (hence the 2x part of the name) while keeping SegWit, unlike the altcoin BCH, aka BitcoinCash (hence the ticker S2X). On paper, the motivation and the supporters are the same as the NY cartel. However, no proper replay protection has been implemented by the attackers. This is intentional, so the supposed fork is actually an attack. There has been open talk about "attacking" and "strategies" on some well-known Reddit subs. The real goal is replacing Core with more - say - malleable developer(s). Some kind of replay protection can be attempted post-fork at the user's risk. The token for the replay-protected resulting altcoin S2X is available for trade on a few selected exchanges, and is valued at a small fraction of the BTC price.
 
In the meantime, several original signers from the infamous NY coven have retracted their support. A couple of major exchanges are trying to keep a foot in two shoes.

its all good. Thanks for the explanation, it makes sense now.
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October 25, 2017, 06:18:27 PM
Last edit: October 25, 2017, 06:35:15 PM by Torque

My personal experience, while not significant statistically, reinforces this myth. I used to have a business in a distant part of the world. There, I befriended many people that have a nomadic (pre-agricultural) history and were forced into "civilization" only a few generations ago. They are different, indeed. The women react very differently. The men react quite differently. The sense of possession is much weaker indeed. The sense of impermanence is palpable. I like that general feeling very much. Of course, with the Internet and globalization reaching every "civilized" human, the dominant mentality quickly takes over. Things are changing fast and even trace amounts of that innocent paradise are being lost and will vanish soon.

In some areas of the world, cultures are starting to transition into a completely new phase. And it's not going to be good one.

Take a look at current Japanese culture for example.  Basically in a nutshell, the land is maxed out, they have entered a deflationary spiral of sorts, the Socialism experiment has failed, the central Bank of Japan owns something like 65% of all corporate debt, and the people work at corporations that exist basically just to pay off the interest on their corporate debt --- so basically "zombie" banks and corporations.  So the young people, overburdened with an old world social structure that's no longer working, and overburdened with personal/corporate debt, lack of advancement opportunities, etc. are no longer dating, marrying, reproducing and having families.  The majority of guys aren't even interested in the girls, just interested in themselves (preening, socializing, hanging with their guy friends, etc.). Sounds pretty depressing, huh?

This made me think of something I had read a while back about a mice experiment conducted in the 1960's by John B. Calhoun. Half way down the Wikipedia page you can read about it, especially about the male mice that came to be known as "the beautiful ones".  The similarities between his experiment conclusion and what is happening now in Japan is uncanny.

https://en.wikipedia.org/wiki/John_B._Calhoun

Quote
Mouse Experiments
In the early 1960s, the National Institute of Mental Health (NIMH) acquired property in a rural area outside Poolesville, Maryland. The facility that was built on this property housed several research projects, including those headed by Calhoun. It was here that his most famous experiment, the mouse universe, was created.[1] In July 1968 four pairs of mice were introduced into the habitat. The habitat was a 9-foot (2.7 m) square metal pen with 4.5-foot-high (1.4 m) sides. Each side had four groups of four vertical, wire mesh "tunnels." The "tunnels" gave access to nesting boxes, food hoppers, and water dispensers. There was no shortage of food or water or nesting material. There were no predators. The only adversity was the limit on space.
John Calhoun meeting Pope Paul VI on 27 September 1973

Initially, the population grew rapidly, doubling every 55 days. The population reached 620 by day 315, after which the population growth dropped markedly, doubling only every 145 days. The last surviving birth was on day 600, bringing the total population to a mere 2200 mice, even though the experiment setup allowed for as many as 3840 mice in terms of nesting space. This period between day 315 and day 600 saw a breakdown in social structure and in normal social behavior. Among the aberrations in behavior were the following: expulsion of young before weaning was complete, wounding of young, increase in homosexual behavior, inability of dominant males to maintain the defense of their territory and females, aggressive behavior of females, passivity of non-dominant males with increased attacks on each other which were not defended against.[2]

After day 600, the social breakdown continued and the population declined toward extinction. During this period females ceased to reproduce. Their male counterparts withdrew completely, never engaging in courtship or fighting. They ate, drank, slept, and groomed themselves – all solitary pursuits. Sleek, healthy coats and an absence of scars characterized these males. They were dubbed "the beautiful ones." Breeding never resumed and behavior patterns were permanently changed.

The conclusions drawn from this experiment were that when all available space is taken and all social roles filled, competition and the stresses experienced by the individuals will result in a total breakdown in complex social behaviors, ultimately resulting in the demise of the population.

Calhoun saw the fate of the population of mice as a metaphor for the potential fate of man.
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October 25, 2017, 06:19:32 PM

I have a question: will we get another free coin after segwit2x fork? Huh
Ibian
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October 25, 2017, 06:31:02 PM

My personal experience, while not significant statistically, reinforces this myth. I used to have a business in a distant part of the world. There, I befriended many people that have a nomadic (pre-agricultural) history and were forced into "civilization" only a few generations ago. They are different, indeed. The women react very differently. The men react quite differently. The sense of possession is much weaker indeed. The sense of impermanence is palpable. I like that general feeling very much. Of course, with the Internet and globalization reaching every "civilized" human, the dominant mentality quickly takes over. Things are changing fast and even trace amounts of that innocent paradise are being lost and will vanish soon.

In some areas of the world, cultures are starting to transition into a completely new phase. And it's not going to be good one.

Take a look at current Japanese culture for example.  Basically in a nutshell, the land is maxed out, they have entered a deflationary spiral of sorts, the Socialism experiment has failed, the central Bank of Japan owns something like 65% of all corporate debt, and the people work at corporations that exist basically just to pay off the interest on their corporate debt --- so basically "zombie" banks and corporations.  So the young people, overburdened with an old world social structure that's no longer working, and overburdened with personal/corporate debt, lack of advancement opportunities, etc. are no longer dating, marrying, or reproducing and having families.  The majority of guys aren't even interested in the girls, just interested in themselves (preening, socializing, hanging with their guy friends, etc.). Sounds pretty depressing, huh?

This made me think of something I had read a while back about a mice experiment conducted in the 1960's by John B. Calhoun. Half way down the Wikipedia page you can read about it, especially about the male mice that came to be known as "the beautiful ones".  The similarities between his experiment conclusion and what is happening now in Japan is uncanny.

https://en.wikipedia.org/wiki/John_B._Calhoun

Quote
Mouse Experiments
In the early 1960s, the National Institute of Mental Health (NIMH) acquired property in a rural area outside Poolesville, Maryland. The facility that was built on this property housed several research projects, including those headed by Calhoun. It was here that his most famous experiment, the mouse universe, was created.[1] In July 1968 four pairs of mice were introduced into the habitat. The habitat was a 9-foot (2.7 m) square metal pen with 4.5-foot-high (1.4 m) sides. Each side had four groups of four vertical, wire mesh "tunnels." The "tunnels" gave access to nesting boxes, food hoppers, and water dispensers. There was no shortage of food or water or nesting material. There were no predators. The only adversity was the limit on space.
John Calhoun meeting Pope Paul VI on 27 September 1973

Initially, the population grew rapidly, doubling every 55 days. The population reached 620 by day 315, after which the population growth dropped markedly, doubling only every 145 days. The last surviving birth was on day 600, bringing the total population to a mere 2200 mice, even though the experiment setup allowed for as many as 3840 mice in terms of nesting space. This period between day 315 and day 600 saw a breakdown in social structure and in normal social behavior. Among the aberrations in behavior were the following: expulsion of young before weaning was complete, wounding of young, increase in homosexual behavior, inability of dominant males to maintain the defense of their territory and females, aggressive behavior of females, passivity of non-dominant males with increased attacks on each other which were not defended against.[2]

After day 600, the social breakdown continued and the population declined toward extinction. During this period females ceased to reproduce. Their male counterparts withdrew completely, never engaging in courtship or fighting. They ate, drank, slept, and groomed themselves – all solitary pursuits. Sleek, healthy coats and an absence of scars characterized these males. They were dubbed "the beautiful ones." Breeding never resumed and behavior patterns were permanently changed.

The conclusions drawn from this experiment were that when all available space is taken and all social roles filled, competition and the stresses experienced by the individuals will result in a total breakdown in complex social behaviors, ultimately resulting in the demise of the population.

Calhoun saw the fate of the population of mice as a metaphor for the potential fate of man.
Not just the japs. America has their own beautiful ones, the mgtow. And the entire western world in general.
strawbs
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October 25, 2017, 06:31:49 PM

I have a question: will we get another free coin after segwit2x fork? Huh

Yes
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October 25, 2017, 06:33:00 PM

I'm happy to be proved wrong here but this is how I feel about the forks...

BCH - sold pretty much all straight away and did extremely well out of it and boosted my btc holdings.

Bgold - looks like it could be a waste of time and worth nothing more than a couple of potatoes each + no replay protection

2x - a real spanner in the works, no replay protection and creates yet more FUD and confusion on exchanges.


Personally I want the forks to fork off. I am slightly worried about doing anything with these coins due to the lack of replay protection which potentially could jeopardise my btc.


This Bgold smells fishy to me. From the very beginning when they released their copy and paste website put together by a dyslexic 7 year old. I'm not even going to take the language barrier as an excuse. If you are going to release something like this then start by making a decent web page.


Torque
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October 25, 2017, 06:39:24 PM
Last edit: October 25, 2017, 07:23:42 PM by Torque

Not just the japs. America has their own beautiful ones, the mgtow. And the entire western world in general.

Yep, agreed. It has already begun. It'll grow the fastest in the major metro areas of the U.S. first, where higher paying jobs are mostly available, but the cost of living is ridiculously high and will go higher still. This, along with the burden of high taxes, high student loan debt, other personal debt, etc. will cause men to completely lose interest in women, because a) they can't afford the 'family' (kids) and lifestyle (house, cars, trips, college funds, etc.), and b) they know that they will get crushed financially if they end up in divorce.
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October 25, 2017, 06:40:45 PM

I'm happy to be proved wrong here but this is how I feel about the forks...

BCH - sold pretty much all straight away and did extremely well out of it and boosted my btc holdings.

Bgold - looks like it could be a waste of time and worth nothing more than a couple of potatoes each + no replay protection

2x - a real spanner in the works, no replay protection and creates yet more FUD and confusion on exchanges.


Personally I want the forks to fork off. I am slightly worried about doing anything with these coins due to the lack of replay protection which potentially could jeopardise my btc.


This Bgold smells fishy to me. From the very beginning when they released their copy and paste website put together by a dyslexic 7 year old. I'm not even going to take the language barrier as an excuse. If you are going to release something like this then start by making a decent web page.




Does everyone think the 2X fork will actually go ahead now that jeff garzik will be concentrating on his wondercoin and the fact that the 2x futures are now trading at $130~?
Ibian
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October 25, 2017, 06:42:01 PM

I'm happy to be proved wrong here but this is how I feel about the forks...

BCH - sold pretty much all straight away and did extremely well out of it and boosted my btc holdings.

Bgold - looks like it could be a waste of time and worth nothing more than a couple of potatoes each + no replay protection

2x - a real spanner in the works, no replay protection and creates yet more FUD and confusion on exchanges.


Personally I want the forks to fork off. I am slightly worried about doing anything with these coins due to the lack of replay protection which potentially could jeopardise my btc.


This Bgold smells fishy to me. From the very beginning when they released their copy and paste website put together by a dyslexic 7 year old. I'm not even going to take the language barrier as an excuse. If you are going to release something like this then start by making a decent web page.



Don't touch any of it - at least for the time being. Not worth risking your real coins.
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October 25, 2017, 06:46:04 PM

I have a question: will we get another free coin after segwit2x fork? Huh


every season a new fork will be forking Smiley weeee
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October 25, 2017, 06:46:38 PM

I'm happy to be proved wrong here but this is how I feel about the forks...

BCH - sold pretty much all straight away and did extremely well out of it and boosted my btc holdings.

Bgold - looks like it could be a waste of time and worth nothing more than a couple of potatoes each + no replay protection

2x - a real spanner in the works, no replay protection and creates yet more FUD and confusion on exchanges.


Personally I want the forks to fork off. I am slightly worried about doing anything with these coins due to the lack of replay protection which potentially could jeopardise my btc.


This Bgold smells fishy to me. From the very beginning when they released their copy and paste website put together by a dyslexic 7 year old. I'm not even going to take the language barrier as an excuse. If you are going to release something like this then start by making a decent web page.



Don't touch any of it - at least for the time being. Not worth risking your real coins.

Ssssttt.... Dont tell them  Shocked i still need a buyer for my BTCitcoinGold  Grin
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