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

[Last of the V8s]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

[BTCMILLIONAIRE]

Just for clarification. You're saying that classic exchanges will go the way of the dodo, not decentralized ones, right?

Correct.  Sorry for not being more clear.  

Don't worry about it. Just making sure I'm still up to date with the latest developments.

[JayJuanGee]

You know something is up when I agree with Ibian. 

Yeah.. he's been kind of on a roll, and I had to sink so far as to send him a merit....

We are going to be in more of an alice in wonderland situation if Roach starts making any sense.

[bitserve]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

Look like so. Let's see:

https://bitcointalk.org/index.php?topic=2418103.msg30650970#msg30650970

[grn]

Various hardware:

850Ths   SHA256
4Ths       X-11
150Ghs   Scrypt

holy shit! r u really doing 850Ths?
Got some pics of your rig?
How long have you been doing it?
How much $ is your power?
Whats your ambient temp?
Do you use server PSUs? Do you have custom PSU looms?

andrew@perceive.nz

Most of my rigs are hosted
Sorry no porn for public use
Got my first S1s early 2014
Home power roughly $800/month, a few miners here
Home miners ambient this week is 1 deg C hosted I don,t know
I use APW++ and EVGA 1300s

[bitserve]

Shorts are gonna get rekt soon.

[jojo69]

Blockchain makes it impossible to rehypothecate  (hmm, not quite the right term, but best I can come up with ATM), so it will not be embraced for equities until it is forced on them.  Ever tried to get a certificate for a stock you 'own'?  Since the broker sold it to 50 different people (number out of my ass) and never bought it in the first place, it is next to impossible.  But very, very profitable!  If I can make time for it, I'll try to dig up some of the articles on it.  Horrifying and fascinating at the same time...

precisely

The current system is a house of cards that have been dipped in gasoline, teetering over the edge of a volcano.

I feel sorry for people that think they own stocks.

Actual, provable, ownership is what crypto is all about.

[Last of the V8s]

Shorts are gonna get rekt soon.

First it was trousers, now it's shorts. Is this some kind of a nekkid cult?

[realr0ach]

Shorts are gonna get rekt soon.

Mandalay Bay false flag unraveling.  Need a new event with pre-scripted Jews on television saying guns should be banned before the bullets even hit the ground.  Wouldn't want the goyim to have guns when the economy blows up to resist another debt based currency being forced on them instead of silver and gold.  Oh, better yet, teenage students actors also managed to order a permit and organize a national protest against guns well before the bullets hit the ground too!  Clearly not a George Soros/Jew scam!

[JayJuanGee]

[19:12:24] · <ben_vulpes> https://arxiv.org/abs/1802.06038 << "on a subset of 3,759 contracts which we sampled for concrete validation and manual analysis, we reproduce real exploits at a true positive rate of 89%, yielding exploits for 3,686 contracts"
[19:20:00] · <shinohai> I'm sure with time they can get that number closer to 100% (http://btcbase.org/log/2018-02-19#1785157)

If When later this year, someday Bitcoin does another 10x I will "retire" and devote all my time to exploit research on blockchain/smart contracts field. That's when I will start to have real fun.

Looking forward to your research in 2019.

haha, I wish. I know it is perfectly possible that we do have another 10x in 2018 but.... something makes me hard to believe I will be so lucky. Wouldnt even care to wait a few more years for that. Not even if that means 10 years.

ANyway, whenever that happens you have my word you will see some exploits on my name (responsible disclosure ofc).

Some specifics might be helpful here:

1) what do you consider 10x?  $200k BTC or $100k or some number in between?

2) what do you mean by retire, exactly?  Are you cashing out some of your coins in order to invest them into some kin of funded research project?

3) Are you targeting 10x because that provides you with some cushion in the event that BTC prices experience a 90% correction and remain stagnated for a significant period of time, reminiscent of 2014-2016?

4) I do think that any investment plan that relies upon an upsurge of BTC prices does also require planning for a prolonged downturn in prices, too... and probably a 90% correction and somewhat prolonged would be the extreme of such, but really you never know for sure... but seems prudent to have plans and preparations for such within the realm of foreseeable (based on history) possibilities.

[explorer]

Shorts are gonna get rekt soon.

First it was trousers, now it's shorts. Is this some kind of a nekkid cult?

 it seems to be the way it's trending...  Well, once we're done with the shirts and shoes...

[jojo69]

https://bitcointalk.org/index.php?action=profile;u=149230;sa=showPosts
TERA's old account is in use again. stolen?

good find, if it were really her you would think she would have stopped in to say hi

[realr0ach]

TERA's old account is in use again. stolen?

Fake TERA seems vastly smarter than real TERA:

The ether can collapse at any time. Like any cryptocurrency.

[explorer]

TERA's old account is in use again. stolen?

Fake TERA seems vastly smarter than real TERA:

The ether can collapse at any time. Like any cryptocurrency.

Cockroach seems vastly smarter than realr0ach

[JayJuanGee]

Bitcoin.com is not a scam, it is a URL. What is scammy about that? Further, in what way does the existence of such make me a scammer?

jbreher, just stop it.

By definition in the Whitepaper Bitcoin is the chain with greatest accumulated PoW.

I disagree. It is the longest valid chain.  What is valid is up to the collective of users, and different users can have different preferences. Luckily, there is a clear leader in terms of number of users and market cap. However, if bitcoin (core) and bitcoin cash had an equal amount of supporters, we might have a hard time determining which one would be named bitcoin.

Besides your stupid-ass use of bitcoin core to describe bitcoin, and your attempt at confusion by referring to bcash as bitcoin cash, you are also suggesting that the true bitcoin is a product of it's having more networking effects.  

Many of us probably already have heard of the 7 network effects outlined by Trace Mayer, and perhaps many of us would concede that if Bcash were able to gain substantial ground in those 7 network effects, then it would be in better place to be touting itself as the "real bitcoin."  But instead, currently bcash has fuck all in those networking effects, but still wants to tout itself as the real bitcoin.. so yeah, aspirations could meet reality, even though currently bcash remains as an aspirant to become the real bitcoin rather than anything even close to the real bitcoin inspite of it sharing the same prefork history.

This is ridiculous. The concept of the "longest chain" only has a meaning considering the same difficulty. When you change that (at that point we are talking about a completely different thing longest or not) you can easily get a longer chain with ANY PoW you want. That's exactly what Bcash did, and now it doesn't matter how long they get, because they are using a lower diffculty and... a smaller accumulated proof of work.

It's obvious that Satoshi thought about all this when he repeated the definition several times, including: "The longest chain which has the greatest proof-of-work effort invested in it" in section 4.

He had hard-forks in consideration, so the only thing that he thought of worthy differentiating between forks is what he stated above. There's no other way to be sure which chain is Bitcoin.

Satoshi also envisioned that miners would attack the contentious fork with the shortest chain and least PoW and kill it off. But that didn't happen. Because he didn't anticipate that mega miners would contentiously fork and collude to keep said fork alive (along side the main chain), and for selfish or malicious reasons. And then brokers and exchanges decide to help keep it alive as well.

Once this happened, all of the dogma of Satoshi's vision in his whitepaper got nullified. All bets are off, Katie bar the door, the end users now have the power to decide what is Bitcoin. Mega miners have fucked themselves as potential bad actors in the system. Brokers and exchanges have also now made themselves suspect.

Your response here, Torque, seems to support why in the real world, the ability to establish actual networking effects, within the contemplations of the Trace Mayer model become relevant in determining what (which) is the "real" bitcoin.

[Ibian]

You know something is up when I agree with Ibian. 

Yeah.. he's been kind of on a roll, and I had to sink so far as to send him a merit....

We are going to be in more of an alice in wonderland situation if Roach starts making any sense.

Don't worry, he won't. At least not for a while. He is stuck in the rage phase.

Some people never move on from there. But it is not uncommon for it to take a few years. Time will tell.

[HairyMaclairy]

The TERA account is definitely not the real Tera now.  They can barely speak English. Real Tera was quite articulate.

[realr0ach]

Don't worry, he won't. At least not for a while. He is stuck in the rage phase.

Some people never move on from there. But it is not uncommon for it to take a few years. Time will tell.

Nice propaganda guys, claiming anyone that doesn't want to buy your fake money pump and dump is irrational.  It seems you're drinking your own Koolaid now.

Metals are an asymmetric trade where they are right now compared to every other asset on earth.  Shitcoins are NOT.  They're not only overpriced, their real value is $0 due to having zero fundamentals.  They're all designed to centralize, non-fungible, permissioned ledgers.  You cannot call such garbage money.  It never was money and never will be.  

Arguing over what it is if it's not money is pointless.  I would call them just systems of control.  Regardless, they're imaginary, valueless tokens being pump and dumped to try and deceive people and keep them away from real money - silver and gold.

[bitserve]

[19:12:24] · <ben_vulpes> https://arxiv.org/abs/1802.06038 << "on a subset of 3,759 contracts which we sampled for concrete validation and manual analysis, we reproduce real exploits at a true positive rate of 89%, yielding exploits for 3,686 contracts"
[19:20:00] · <shinohai> I'm sure with time they can get that number closer to 100% (http://btcbase.org/log/2018-02-19#1785157)

If When later this year, someday Bitcoin does another 10x I will "retire" and devote all my time to exploit research on blockchain/smart contracts field. That's when I will start to have real fun.

Looking forward to your research in 2019.

haha, I wish. I know it is perfectly possible that we do have another 10x in 2018 but.... something makes me hard to believe I will be so lucky. Wouldnt even care to wait a few more years for that. Not even if that means 10 years.

ANyway, whenever that happens you have my word you will see some exploits on my name (responsible disclosure ofc).

Some specifics might be helpful here:

1) what do you consider 10x?  $200k BTC or $100k or some number in between?

2) what do you mean by retire, exactly?  Are you cashing out some of your coins in order to invest them into some kin of funded research project?

3) Are you targeting 10x because that provides you with some cushion in the event that BTC prices experience a 90% correction and remain stagnated for a significant period of time, reminiscent of 2014-2016?

4) I do think that any investment plan that relies upon an upsurge of BTC prices does also require planning for a prolonged downturn in prices, too... and probably a 90% correction and somewhat prolonged would be the extreme of such, but really you never know for sure... but seems prudent to have plans and preparations for such within the realm of foreseeable (based on history) possibilities.

I don't like to be very specific to avoid profiling (as if anyone would be interested in profiling me... call me paranoid). I will try though:

1) $100K would be ok. I think I have said I am just a double digit BTC holder. So, even if it has recently growed to some "significant" amount of money for me, I still need a 10x to be a really LIFE CHANGING amount.

Please take into account that I live in Spain, so I basically need only 1/4 the amount of money an american would need for the same lifestyle. Maybe even less.

2) By "retire" I mean locking enough to make sure I can cover the rest of my lifetime even if I don't ever again have any income. It doesn't mean I will really "retire", maybe on the contrary it's a possibility I would even "work" more...... but I would be doing it with absolutely no constrains. It's not that I have many constrains right now, or ever, as I have always work for myself (well... for my clients or my "projects") but knowing I am covered for good would be the real change for me.
No, I don't need to cash anything onto any project, just enough to fund me for good. My research doesn't need expensive tools... at least almost none that I don't already have.

Will I cash out everything if/when target is reached? NO. In that way I wouldn't really be locking ENOUGH but, I do work with probabilities.... Bitcoin is not the only thing that could "retire" me any moment. I would just cash a sustantial amount and bet on the rest on growing... I would have to have very bad luck if, afterwards, not only Bitcoin but all the rest "investments" turn its back on me. If that happened.... I can keep working any time as I have always done on my own terms (basically "as needed").

3) Not exactly. If I were to "retire" ONLY on Bitcoin I would need the full $100K per BTC to make sure I ave enough in case I live much longer than I expect. But as I said, it's not the only thing so I could risk not cashing it all but just a small percent (maybe 10%?) yearly. Only a complete failure of Bitcoin for more than a decade could have the potential of depleting my "cushion". I will accept some risk.... as I accept everyday that it could just be my last day. Risks management on its finest.

4) I don't expect Bitcoin to retire me. I just say that IF it would do a 10x from here, it would have the potential to retire me. Please note that it was "The last of the V8s" who fixed my original post and changed my *IF* from a "when... in 2018". I just don't expect to be so lucky. It will be very welcome though.

I hope that has covered all the questions without giving more information about me than I would be confident. Oh and I already have a nice home, fine car and am completely DEBT FREE (Not thanks to Bitcoin as I have never cashed out a single penny yet). And no children nor family to support. That makes my current needs very modest and easy to fullfill, even if for the rest of my lifetime (not there YET... unless I were to die in a decade or two).

[realr0ach]

Please take into account that I live in Spain

I haven't heard much from Spain in the last several hundred years except for the movie REC (and REC 2) which was one of the best horror movies ever made (watch with subtitles if you can't hablar mexican instead of watching the worse US remake):

http://www.youtube.com/watch?v=YGJ_jPKOj1c