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

[windjc]

“Talking your book” means you are a spruiker or common shill.  

No, a shill is someone who is paid to entice people to take a position that may be contrary to what the shill believe, so that the shill's master benefits.

Adam Back at Blockstream employs a large team of PR people to "correct misinformation" about large blocks. These people are shills because they are paid to promote a position that they may not believe in, a position that is hurtful for BTC (high fees / unreliable confirms), but one that benefits the employer Blockstream (by creating demand for their layer-2 solutions).  

When you say things like this you sound much more like a conspiracy theorist than a scientist. It weakens trust further in your position.

This is public information.  Of course they don't call their social media outreach team "shills" -- they call them the social media community outreach team, or something like that.  Remember brg444?  He was one of their employees working to raise segwit support, and was let go after segwit was activated.  

Do you really believe that Blockstream doesn't have social media outreach people working to further Blockstream's interests?

To say that Adam is some sort of PR mastermind overseeing a large organization of paid shills is ridiculous. Adam has very specific skill sets and PR - let’s just put it kindly - is no way one of them. Roger is much much more capable of such action and in fact owns a social media paid to shill service. But even then, I’ll refrain from speculating as to Rogers true impact. Conspiracy theories are lame.

I never said Adam was a PR mastermind.  He's just the Blockstream CEO.  I imagine he mostly contracts with firms that specialize in public relations (PR) for ideas and delegates to Blockstream's Chief Strategy Officer.  

Many organizations engage in social media outreach to some degree.  A company like BitPay is on the low end of the spectrum whereas a company like Blockstream is at the top end.  Remember when Samson Mow left BCC after all his social media trolling and the various campaigns with the hats?  He was then officially hired by Blockstream as their Chief Strategy Officer.  Samson is a Dragon's Den member.  This group's purpose is to brainstorm and then put into action social media ideas to further the cause of Blockstream/Core.  Again, this is not a "theory" -- this is all public information.  

Incidentally, Bitcoin Unlimited considered hiring a Canadian PR firm about a year ago to help with some of our outreach efforts.  I thought it was interesting that after a few meetings, the firm learned that our goals were "in opposition to a large Bitcoin company they represented" and then declined to work with us.  We later learned through side channels what we expected that this firm was Blockstream.  

The point I'm trying to make is that "social media outreach" to shape the narrative in a group or company's favor is not a conspiracy theory.  It is a fact.

Hold on. First you started talking about shills and now you are equating shills with PR firms. Which you tried to hire and my have hired yourself. So now that PR is just shilling, then, yes, everyone does it. Big farking deal. 

[mike4001]

Come on ....

give me back my 17,5k ....

the 17k line seems really hard to hold.

[windjc]

Come on ....

give me back my 17,5k ....

the 17k line seems really hard to hold.

You should expect some further consolidation before 20k is breached. The longer the consolidation the higher up the next leg. So patience grasshopper. After we breach 20k it might get fun.

[realr0ach]

Satoshi was/is not a person. Bitcoin was created by the Zionists who control the ASIC fabs via their control of usury. Bitman is a Zionist operative. Bitcoin is creative destruction of the nation-state central banks they control in order to gain a one-world reserve currency they control surreptitiously (a workaround for political resistance to the NWO), done in an obfuscated manner which causes all of you who hate them to actually work on their behalf. Deception and compartmentalization is their modus operandi.

Craig Wright even fucked up the probability math in one of his recent nchain whitepapers and had to yank it. Craig isn't Satoshi, but he may be on the Zionist payroll.

for fucks sake r0ach

you really think we are this stupid?

go die in a hole

That's not me.  The account "r0ach_lost" is not me either.  Why would I make an account named "r0ach_lost"?

[HairyMaclairy]

The banjo memes are working.  We may need to outsource to a PR firm.

[windjc]

The banjo memes are working.  We may need to outsource to a PR firm.

Shill away!!

[Peter R]

Hold on. First you started talking about shills and now you are equating shills with PR firms. Which you tried to hire and my have hired yourself. So now that PR is just shilling, then, yes, everyone does it. Big farking deal.  

Well obviously no one advertises:

"WANTED: SHILLS FOR HIRE!  
Apply by linking your twitter profile that demonstrates evidence of high-quality shilling.  Proven ability to organize hat campaigns is an asset."

[realr0ach]

Well obviously no one advertises:

"WANTED: SHILLS FOR HIRE!  

They actually do:

http://www.thejidf.org/

[BlindMayorBitcorn]

[TERA2]

bugmen

[HairyMaclairy]

A point of clarification:  “Chief Scientist for Bitcoin Unlimited” is an unpaid role? 

[BlindMayorBitcorn]

[BlindMayorBitcorn]

[jojo69]

lot of really pretty mouths around here

[Peter R]

A point of clarification:  “Chief Scientist for Bitcoin Unlimited” is an unpaid role?  

Bitcoin Unlimited actually has no paid staff (although this may soon change).  Many of our developers are paid for their work, but they are paid by other bitcoin advocacy groups and not by BU.  I've received offers from other groups to pay me for what I do, but I've always declined.  Bitcoin has rewarded me financially more than I could have ever hoped.  I want now to help Bitcoin continue to grow so that more people can benefit from Bitcoin.

[HairyMaclairy]

Yes rightly so and you have never received payment in Bcash either.  A noble calling.

You talk your book far too much.

[Peter R]

Yes rightly so and you have never received payment in Bcash either.  A noble calling.

You talk your book far too much.

I don't know why it's so hard to believe that some people work to grow Bitcoin because they believe in it and want to see it change the world, and do so without getting paid.  There are lots of people who work on Bitcoin as volunteers. 

[HairyMaclairy]

You don’t work on Bitcoin.  And senior members of the Bcash team are not paid in Bcash?  

[CRED.me]

I don't know why it's so hard to believe that some people work to grow Bitcoin because they believe in it and want to see it change the world, and do so without getting paid.  There are lots of people who work on Bitcoin as volunteers.  

If you were intellectually honest, you'd admit there's no way to prevent the oligarchy control of Bitcoin. It's inevitable if not already so behind the veil of mining. Research has shown for example that as the revenue for miners from transaction fees exceed the revenue from the programmed block reward, the incentives change such that it will fork off into an unbounded number of forks. This is because miners then have an incentive to bribe other miners to mine of the block they won, by sharing transaction fees. And the Byzcoin design didn't solve this dilemma. The only way to prevent this outcome is for a (probably surreptitious) oligarchy of mining to form.

And your research for BU was more or less debunked.

It's an insoluble problem as long as the only consensus algorithms are proof-of-work, proof-of-stake, or (a permissioned set of validators for) Byzantine agreement. I've studied this very deeply. Have you Peter?

[HairyMaclairy]

United Bitcoin Phase 2 to be distributed “by 24 January”.