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

[bitserve]

Well he is right.  Breaking Bitmain's dominance would be a good thing.  

Sure. But not that way. Change of PoW is a last resort and extremely risky option. It's just one step lower than pushing the mutually-assured destruction button. It is more of a deterrent than a practical alternative.

The guy doesn't even hold BTC. No wonder he doesn't fear the consequences of taking that action lightly.

Also, it seems that if he ever had BTC and sold it, he didn't pay his taxes. He doesn't even check the tax report he submits it seems (or he should already know what is and what isn't automatically reported and included).

I still remember the level of stupidity he showed when he asked for the price his donors paid for the BTC donated to him. And when people tried to tell him how wrong he was, he didn't listen.

He is a good coder though.

If you consider Leaving out the most important part good......Documentation

Wut?

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[conspirosphere.tk]

https://twitter.com/verretor/status/967452883716276225

[cAPSLOCK]

Ooh.  Look at the incoming green volume.  Here's to this keeping up for a few days.

[josephpogi]

Ooh.  Look at the incoming green volume.  Here's to this keeping up for a few days.

Its time to buy altcoin now sir?

[HairyMaclairy]

Mem pool going down fast.  Sit tight I think.

[HairyMaclairy]

Ugh.  Bitcoin.org is down.  Spat with Cobra?  In any event brace for FUD. 

[starmman]

Ugh.  Bitcoin.org is down.  Spat with Cobra?  In any event brace for FUD. 

Haha,  there is never a dull moment in the crypto world

[jojo69]

Good luck my friend.  Search me on soundcloud

will do

[mindrust]

Get ready for a PoW change.
https://medium.com/@CobraBitcoin/an-open-letter-to-the-bitcoin-community-to-change-the-proof-of-work-algorithm-12a6545c20d0

Better late than ever.

[mindrust]

Well he is right.  Breaking Bitmain's dominance would be a good thing.  

Yeah, break the dominance by having more competition in the industry.

It's a crying shame others have not risen to challenge Bitmain's dominance.

Read this text.
https://medium.com/@CobraBitcoin/an-open-letter-to-the-bitcoin-community-to-change-the-proof-of-work-algorithm-12a6545c20d0

There isn't any competition left. If we change PoW it'll be a clusterfuck, if we don't Bitmain will be the owner of bitcoin. (if not already) I don't think a company like Halong can change things. Bitmain has too much USD in their hands now. They'll either lower the price of their hardware or come up with new hardware to drive Halong out of business. (3rd option: they'll just buy out Halong)

I expected this to happen years ago. I said that bcash will promote itself as the real bitcoin and confuse people. I said that dev team was too late to change PoW algo. They should have done it when the first ASIC came out when the community was smaller.

Now Cobra is complaining about this and says if we don't act now it'll be harder to do so in the future.

Good morning dude.

[TERA2]

I still see 13k happening before it crashes

[HairyMaclairy]

We still have full nodes to defend against Jihan. His power is largely limited to withdrawing hashing power.

[Last of the V8s]

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

[HairyMaclairy]

I still see 13k happening before it crashes

We are going to have to break the down trend at some point as it reaches zero in mid May.

[Last of the V8s]

Good luck my friend.  Search me on soundcloud

will do

The WO band is taking shape guys

[mindrust]

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

"Imagine if someone followed you around with a gun pressed against your head, and you were OK with this because “he is incentivized to not shoot me because of the threat of jail”, people would call you stupid and crazy, and yet when it comes to Bitcoin, we’re totally fine with thinking along those lines." -Cobra

[Last of the V8s]

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

"Imagine if someone followed you around with a gun pressed against your head, and you were OK with this because “he is incentivized to not shoot me because of the threat of jail”, people would call you stupid and crazy, and yet when it comes to Bitcoin, we’re totally fine with thinking along those lines." -Cobra

Yuh I posted mine before reading yours, but that has not changed my mind. The analogy is faulty. If Jihan shoots, we get a flesh wound THEN change pow. And the shooter dies. We brick his hardware. Simples.

[HairyMaclairy]

Good luck my friend.  Search me on soundcloud

will do

The WO band is taking shape guys

Didn’t realize that Proudhon was a muso.

[ivomm]

Laszlo Hanyecz of Pizza fame and history does it again with Lightning mainnet

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-February/001044.html

[mindrust]

Cobra was getting a severe honeybadgering yesterday on twitter - 'he's in league with Jihan' 'he's a bcashist' 'always thought he was dodgy since he came back'...
And he won't debate out his points.

Jihan could have 51%ed bitcoin for ~2 years now, but he hasn't, because unlike the little snake he isn't a complete twat.

for now, pow change is a reactive measure not proactive

my new secret crush has a video on this, might watch later https://www.youtube.com/watch?v=KI3SBTqJUtw&
Under the Microscope #2 - Proof of Work Changes
JW breaks down arguments against performing a Proof of Work change, and why such a fork would be more detrimental than helpful.

"Imagine if someone followed you around with a gun pressed against your head, and you were OK with this because “he is incentivized to not shoot me because of the threat of jail”, people would call you stupid and crazy, and yet when it comes to Bitcoin, we’re totally fine with thinking along those lines." -Cobra

Yuh I posted mine before reading yours, but that has not changed my mind. The analogy is faulty. If Jihan shoots, we get a flesh wound THEN change pow. And the shooter dies. We brick his hardware. Simples.

I have to admit. That also makes sense.

But the main problem stays if we keep him alive. He'll keep owning >%51 till he decides to suicide which is unlikely because he is the leech. The parasite. Have you ever seen a kamikaze parasite? No. He'll bleed us dry till he can't.

Then he'll move to the next body. (crypto) Cobra & Luke want to kill the parasite though they don't guarantee there won't be any new parasites so I have mixed feelings on this. It is probably better to support competing companies as long as we can. But then again, bitmain can b/o any competing company when it becomes juicy enough. :/