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

[gentlemand]

Today there was confusion with a so called IT expert, about how it is possible that BTC consumes 13% of all electric power in Holland and 39% in Belgium... .

If it weren 't so deplorable, I would laugh at it too.

That why i like the "infos" on forum :

http://www.zerohedge.com/news/2017-12-11/no-bitcoin-wont-boil-oceans

A recent report suggests that at current prices, Bitcoin miners will consume an estimated 8.27 terawatt-hours per year.

That might sound like a lot, but it’s actually less than an eighth of what U.S. data centers use, 1 and only about 0.21 percent of total U.S. consumption.

If I was a stupid person like me I'd be dead impressed by those figures. That would mean it MUST be worth mortgaging grandma if it costs more than the solar system to run.

[jbreher]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash,

Frankly, this entire hoohah over naming just makes me chuckle inwardly. You can call Bitcoin Cash Bcash if you want. Doesn't really bother me. Though it makes you look ignorant, as 'Bcash' is a different coin altogether.

and yet you refer to Bitcoin as "Bitcoin Segwit"

I call Bitcoin Segwit Bitcoin Segwit, as it is a clearly descriptive, non-ambiguous term. I used to call it Bitcoin Segwit1x. However, with the demise of S2X, this disambiguation no longer adds any value.

[arklan]

The whole energy argument is stupid. It's in the best interests of miners to have the cheapest electricity possible, right? Well, once you pay the up front costs for solar and wind and such, that's basically it, for years. So it's a self solving problem, because miners will seek profit, and they means reducing recurring costs. I mean, with enough solar/wind, even GPU miners would be profitable with btc mining. Sure is only a few hundred Satoshi a day, but so what? It doesn't cost anything!

[Ludwig Von]

Today there was confusion with a so called IT expert, about how it is possible that BTC consumes 13% of all electric power in Holland and 39% in Belgium... .

If it weren 't so deplorable, I would laugh at it too.

That why i like the "infos" on forum :

http://www.zerohedge.com/news/2017-12-11/no-bitcoin-wont-boil-oceans

A recent report suggests that at current prices, Bitcoin miners will consume an estimated 8.27 terawatt-hours per year.

That might sound like a lot, but it’s actually less than an eighth of what U.S. data centers use, 1 and only about 0.21 percent of total U.S. consumption.

If I was a stupid person like me I'd be dead impressed by those figures. That would mean it MUST be worth mortgaging grandma if it costs more than the solar system to run.

Lol, what about mother in law?

[gentlemand]

Lol, what about mother in law?

No. I hate grandma.

[JayJuanGee]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash,

Frankly, this entire hoohah over naming just makes me chuckle inwardly. You can call Bitcoin Cash Bcash if you want. Doesn't really bother me. Though it makes you look ignorant, as 'Bcash' is a different coin altogether.

and yet you refer to Bitcoin as "Bitcoin Segwit"

I call Bitcoin Segwit Bitcoin Segwit, as it is a clearly descriptive, non-ambiguous term. I used to call it Bitcoin Segwit1x. However, with the demise of S2X, this disambiguation no longer adds any value.

Wow... for a picnic food stealing bear, you are very, Very, VERY, enlightened in your appreciation of nuances.   









NOT!!!!!!!!!!!!!!


 

[RayX12]

self.sides->orbit;

https://www.cnbc.com/2017/12/12/what-i-learned-from-owning-bitcoin.html

^^^^^^
DUMB FUCK

[infofront]

No. I want to alert about the weaknesses of Bitcoin Segwit.

You object to the name BCash,

Frankly, this entire hoohah over naming just makes me chuckle inwardly. You can call Bitcoin Cash Bcash if you want. Doesn't really bother me. Though it makes you look ignorant, as 'Bcash' is a different coin altogether.

and yet you refer to Bitcoin as "Bitcoin Segwit"

I call Bitcoin Segwit Bitcoin Segwit, as it is a clearly descriptive, non-ambiguous term. I used to call it Bitcoin Segwit1x. However, with the demise of S2X, this disambiguation no longer adds any value.

Bitcoin's actual name, "Bitcoin", is just as clearly descriptive, and just as unambiguous.

[HanvanBitcoin]

[jojo69]

[julian071]

Ever have one of those days, where you want to rage-quit your job, but can't - right now - for... reasons ?

I'm having one of those days.

End of Q1 2018 can't come soon enough.

TO MARS AND BEYOND !!!

Haha congrats bro, well done.

[milkshock100]

Pullback. I blame futures.

[HanvanBitcoin]

Pullback. I blame futures.

Just wait till those altcoins start pulling back and all this money flows back into BTCitcoin 

[SecondLeoTheSecond]

Pullback. I blame futures.

Just wait till those altcoins start pulling back and all this money flows back into BTCitcoin 

We're up 200% in a month while still climbing. Give the badger some rest, let the alts have their fun and in a while big mr b will wake up again.

[jbreher]

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like.

You've started off in the right direction...

There is no cure for this situation except Lightning network

...but you ran out of gas well short of the goal. Pity, that.

[Ludwig Von]

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like.

You've started off in the right direction...

There is no cure for this situation except Lightning network

...but you ran out of gas well short of the goal. Pity, that.

WuVer coin soon will go FUBAR, will solve the issue once and for all.

There is "Bitcoin" et puis tout le reste.

[gentlemand]

WuVer coin soon will go FUBAR, will solve the issue once and for all.

There is "Bitcoin" et puis tout le reste.

It'll be integrated by Bitpay soon enough and then it's cemented forever. From that day on it'll be like an elderly man's penis in an opposing tower block that's flashed at you but you can do nothing about.

[Spaceman_Spiff_Original]

Note: The above is a very, very bad way to think. Are there meditation techniques to fix this?

Yes, travel into your cave and find your power animal.

The first rule of Bitcoin Club is: you do not stop talking about Bitcoin Club.
The second rule of Bitcoin Club is: you DO NOT stop talking about Bitcoin Club!
Third rule of Bitcoin Club: Never stop hodling. Never yell “stop!”, go limp and tap out.
Fourth rule of Bitcoin Club: Never tell how many coins you are hodling.

[Meuh6879]

[Arriemoller]

It's obvious what is happening, but us HODLers are historically reluctant to accept the facts we don't like.

You've started off in the right direction...

There is no cure for this situation except Lightning network

...but you ran out of gas well short of the goal. Pity, that.

WuVer coin soon will go FUBAR, will solve the issue once and for all.

There is "Bitcoin" et puis tout le reste.

https://www.youtube.com/watch?v=PTrevCrZp6o