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

[AlcoHoDL]

Peter - answer the question:  who does Jihan Wu report to?

Putin!

No, wait,  that's Vitalik...

Jihan Wu controls Bcash.  There is a Chinese Communist Party member on Bitmain’s board of supervisors.  Why don’t you Bcash shills do a little research into who really controls your coin.

I suspect there may be legislation in China that requires every China-based company to have a Chinese Communist Party member on their board. This is true in Malaysia, where every company owner is required to have a Malay member in their company, even though the owner may be Chinese Malaysian. Unfair, but that's the law there.

[julian071]

[ ... ]

I have done all this to date as a volunteer because I love bitcoin and hope to see it change the world for the better.  

Do you honestly think that the motives of Jihan Wu and Roger Ver are to change the world for the better? Really? Have you followed their actions and their modus operandi? And you have decided to side with them and support Bcash? If that is true, then I'm afraid you are self-disrespecting your own achievements. It's sad, really...

This.

[infofront]

Any vets out there caring to calm my nerves with some words of wisdom?

Calm the fuck down. Bitcoin has weathered much worse storms than this.

[Torque]

Decentralization is a means to an end.  That end is simply better money. 

Found the Fed guy

[JayJuanGee]

920 stinking Satoshis per Byte for a transaction?

I have one wallet with €500 in it, my max spend is €240 with a €260 fee! This really is the future!  Bitcoin Cash isn't the answer, I know, but someone needs to come up with an answer, or people will dump this 'currency' hard soon.

I get the idea that the current crash doesn't have anything to do with the fees though, it's just a random correction.

Had the same thing happen to me.
They are saying 0.028btc in fee to pay soon for all transactions!

That is $425. Are they fucking insane?

I paid 10 satoshis/byte ( .13cents)  for a largish transaction on the competing chain which shall remain nameless. (It was in the next block)

Yes...... show a bit more of your colors.  Are you gonna claim that bcash is the real bitcoin too, and are you going to claim that bcash has the same network effects as bitcoin?  Yes.  Fees are going to be cheap when no one is using it and when no one even feels inclined to spend any time and resources to spam attack it.  So you may as well trade in all of your bitcoin for Bcash, and then go play on r/btc with the other shills, no?

[infofront]

[ ... ]

I have done all this to date as a volunteer because I love bitcoin and hope to see it change the world for the better.  

Do you honestly think that the motives of Jihan Wu and Roger Ver are to change the world for the better? Really? Have you followed their actions and their modus operandi? And you have decided to side with them and support Bcash? If that is true, then I'm afraid you are self-disrespecting your own achievements. It's sad, really...

I communicate directly with both of them, have met both in person and had lengthy discussions with each.  I believe they love Bitcoin for the same three reasons I do:

1. The technology behind bitcoin is interesting and novel; Satoshi solved a long-standing problem in computer science.
2. The adoption of Bitcoin would change the world for the better, by giving us a better form of money.
3. The potential to earn of a huge amount of money.

The fact that you didn't mention decentralization with a single word just shows that you're not to be trusted by anybody who came into Bitcoin for the reasons Satoshi has created it for. Thanks for making it even more apparent that BCash can not be trusted.

Decentralization is a means to an end.  That end is simply better money.  

You're arguing in favor of bitcoin being better money than bcash. I'll agree with that.

[BTCMILLIONAIRE]

[ ... ]

I have done all this to date as a volunteer because I love bitcoin and hope to see it change the world for the better.  

Do you honestly think that the motives of Jihan Wu and Roger Ver are to change the world for the better? Really? Have you followed their actions and their modus operandi? And you have decided to side with them and support Bcash? If that is true, then I'm afraid you are self-disrespecting your own achievements. It's sad, really...

I communicate directly with both of them, have met both in person and had lengthy discussions with each.  I believe they love Bitcoin for the same three reasons I do:

1. The technology behind bitcoin is interesting and novel; Satoshi solved a long-standing problem in computer science.
2. The adoption of Bitcoin would change the world for the better, by giving us a better form of money.
3. The potential to earn of a huge amount of money.

The fact that you didn't mention decentralization with a single word just shows that you're not to be trusted by anybody who came into Bitcoin for the reasons Satoshi has created it for. Thanks for making it even more apparent that BCash can not be trusted.

Decentralization is a means to an end.  That end is simply better money. 

Apparently better money means fucking over people through lies and manipulation in an even easier way than before to you. Very enlightening.

[HairyMaclairy]

Peter - answer the question:  who does Jihan Wu report to?

Putin!

No, wait,  that's Vitalik...

Jihan Wu controls Bcash.  There is a Chinese Communist Party member on Bitmain’s board of supervisors.  Why don’t you Bcash shills do a little research into who really controls your coin.

I suspect there may be legislation in China that requires that every China-based company to have a Chinese Communist Party member on their board. This is true in Malaysia, where every company owner is required to have a Malay member in their company, even though the owner may be Chinese Malaysian. Unfair, but that's the law there.

Correct. 10 points.

The reason those Communist Party members sit on the board is to ensure that the objectives of the company are harmonious with the objectives of the Party, and the Chinese State more generally.   As it is a Board of Supervisors, they have the power to remove and replace all members of management.  Meaning they can dismiss Jihan Wu from his position at any time.  And Jihan Wu notionally controls Bcash, which is a centrally controlled coin.

Why don’t you let that sink in a little bit.

[jbreher]

My advice as a veteran since 2013 is to dump all your BCH for BTC and tell Peter R. and jbreher to fuck off.

Notice how those two shills show up on the forum as a tag team. Probably two accounts held by the same person.

So where's realr0ach?

Shall we tie this all together with a reference to Kaiser Aluminum?

I don't care who you shills like to tie up in your spare time. Maybe each other?

zing!

[P_Shep]

Who the hell are you? You joined in 2015. Fuck off you twit
BobLawblaw
 October 18, 2015, 10:19:19 PM
Nikauforest
 March 08, 2014, 04:33:35 AM

* BobLawblaw pats nikauforest on the head for not being able to see the forest through the trees

Ooh, a dick measuring contest. This oughta be good.

Aww, bless them

[DaRude]

[ ... ]

I have done all this to date as a volunteer because I love bitcoin and hope to see it change the world for the better.  

Do you honestly think that the motives of Jihan Wu and Roger Ver are to change the world for the better? Really? Have you followed their actions and their modus operandi? And you have decided to side with them and support Bcash? If that is true, then I'm afraid you are self-disrespecting your own achievements. It's sad, really...

I communicate directly with both of them, have met both in person and had lengthy discussions with each.  I believe they love Bitcoin for the same three reasons I do:

1. The technology behind bitcoin is interesting and novel; Satoshi solved a long-standing problem in computer science.
2. The adoption of Bitcoin would change the world for the better, by giving us a better form of money.
3. The potential to earn of a huge amount of money.

How does it feel to know that the whole Bcash one trick pony can loose most of its market cap the second Core feels that the benefit of raising the blocksize to 2mb outweighs the risk? That's their worst case scenario, and by the time 2mb is spammed to hell and people start bitchin' again LN should be right around the corner.

[nikauforest]

920 stinking Satoshis per Byte for a transaction?

I have one wallet with €500 in it, my max spend is €240 with a €260 fee! This really is the future!  Bitcoin Cash isn't the answer, I know, but someone needs to come up with an answer, or people will dump this 'currency' hard soon.

I get the idea that the current crash doesn't have anything to do with the fees though, it's just a random correction.

Had the same thing happen to me.
They are saying 0.028btc in fee to pay soon for all transactions!

That is $425. Are they fucking insane?

I paid 10 satoshis/byte ( .13cents)  for a largish transaction on the competing chain which shall remain nameless. (It was in the next block)

Yes...... show a bit more of your colors.  Are you gonna claim that bcash is the real bitcoin too, and are you going to claim that bcash has the same network effects as bitcoin?  Yes.  Fees are going to be cheap when no one is using it and when no one even feels inclined to spend any time and resources to spam attack it.  So you may as well trade in all of your bitcoin for Bcash, and then go play on r/btc with the other shills, no?

I have an equal amount of BCH and BTC. So you can crucify me now.

[Rosewater Foundation]

Peter - answer the question:  who does Jihan Wu report to?

Putin!

No, wait,  that's Vitalik...

Jihan Wu controls Bcash.  There is a Chinese Communist Party member on Bitmain’s board of supervisors.  Why don’t you Bcash shills do a little research into who really controls your coin.

I suspect there may be legislation in China that requires that every China-based company to have a Chinese Communist Party member on their board. This is true in Malaysia, where every company owner is required to have a Malay member in their company, even though the owner may be Chinese Malaysian. Unfair, but that's the law there.

Correct. 10 points.

The reason those Communist Party members sit on the board is to ensure that the objectives of the company are harmonious with the objectives of the Party, and the Chinese State more generally.   As it is a Board of Supervisors, they have the power to remove and replace all members of management.  Meaning they can dismiss Jihan Wu from his position at any time.  And Jihan Wu notionally controls Bcash.  

Why don’t you let that sink in a little bit.

But centralized shit coin cheaper, move faster. Therefore better money.  /s

[jbreher]

I paid 10 satoshis/byte ( .13cents)  for a largish transaction on the competing chain which shall remain nameless. (It was in the next block)

Fees are going to be cheap when no one is using it and when no one even feels inclined to spend any time and resources to spam attack it. 

This is fun: http://txhighway.com

[BTCMILLIONAIRE]

Peter - answer the question:  who does Jihan Wu report to?

Putin!

No, wait,  that's Vitalik...

Jihan Wu controls Bcash.  There is a Chinese Communist Party member on Bitmain’s board of supervisors.  Why don’t you Bcash shills do a little research into who really controls your coin.

I suspect there may be legislation in China that requires that every China-based company to have a Chinese Communist Party member on their board. This is true in Malaysia, where every company owner is required to have a Malay member in their company, even though the owner may be Chinese Malaysian. Unfair, but that's the law there.

Correct. 10 points.

The reason those Communist Party members sit on the board is to ensure that the objectives of the company are harmonious with the objectives of the Party, and the Chinese State more generally.   As it is a Board of Supervisors, they have the power to remove and replace all members of management.  Meaning they can dismiss Jihan Wu from his position at any time.  And Jihan Wu notionally controls Bcash.  

Why don’t you let that sink in a little bit.

But centralized shit coin cheaper, move faster. Therefore better money.  /s

Cheaper and faster for all of a few hours before turning into garbage.

[rolling]

Indeed.  

Roger Ver has done a huge amount to further Bitcoin adoption.  Perhaps more than anyone else besides Satoshi Nakamoto.  He truly loves Bitcoin and wants to see all of the world adopt it.  That people now abuse him for trying to fix the problem of high fees and unreliable confirmations is heart-breaking for me.

You don't fix bitcoin by cloning it and trying to steal the brand.

[Torque]

This is fun: http://txhighway.com

So which cars are the spam? Or does VerWu need a min to fire up the spam machine?

Lol

[Peter R]

How does it feel to know that the whole Bcash one trick pony can loose most of its market cap the second Core feels that the benefit of raising the blocksize to 2mb outweighs the risk? That's their worst case scenario, and by the time 2mb is spammed to hell and people start bitchin' again LN should be right around the corner.

It is that fear that keeps me from shifting more of my BTC holdings to BCH.  

I believe that if BTC cannot raise the block size limit in the medium-term (3 - 12 months) then BCH will fully take its place as the dominant crypto.  

However, if BTC is able to raise the block size limit, I could see BCH dying.  But I think the political machine that BS/Core built to prevent the block size limit from being lifted will come back to bite them.  Why won't all the same arguments against a block size limit be used again?  If BTC tries to increase the limit, will this result in yet another fork and another form of Bitcoin (e.g., will this next fork have replay protection or not)?  Will that really work?  Or will people just decide that BCH is the solution for lower fees and more reliable confirmation times?

[conspirosphere.tk]

maybe the jap cavalry is gonna save us from the chicom's sabotage:
https://www.ccn.com/japanese-tech-giant-gmo-begins-mining-bitcoin-europe/

[gentlemand]

maybe the jap cavalry is gonna save us from the chicom's sabotage:
https://www.ccn.com/japanese-tech-giant-gmo-begins-mining-bitcoin-europe/

Not with 3 whole million dollars of investment they ain't. Let's see if these wonder chips happen.