Bitcoin Forum
June 26, 2019, 01:22:09 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Poll
Question: Closing BTC Price June 28:
$0 - 5 (3.2%)
<$7,000 - 4 (2.5%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.6%)
$8,500-$8,999 - 3 (1.9%)
$9,000-$9,499 - 4 (2.5%)
$9,500-$9,999 - 27 (17.1%)
$10,000-$10,499 - 24 (15.2%)
$10,500-10,999 - 12 (7.6%)
$11,000-$11,499 - 14 (8.9%)
$11,500-$12,000 - 15 (9.5%)
>$12,000 - 36 (22.8%)
>$20,000 - 13 (8.2%)
Total Voters: 158

Pages: « 1 ... 20209 20210 20211 20212 20213 20214 20215 20216 20217 20218 20219 20220 20221 20222 20223 20224 20225 20226 20227 20228 20229 20230 20231 20232 20233 20234 20235 20236 20237 20238 20239 20240 20241 20242 20243 20244 20245 20246 20247 20248 20249 20250 20251 20252 20253 20254 20255 20256 20257 20258 [20259] 20260 20261 20262 20263 20264 20265 20266 20267 20268 20269 20270 20271 20272 20273 20274 20275 20276 20277 20278 20279 20280 20281 20282 20283 20284 20285 20286 20287 20288 20289 20290 20291 20292 20293 20294 20295 20296 20297 20298 20299 20300 20301 20302 20303 20304 20305 20306 20307 20308 20309 ... 24333 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21243679 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (66 posts by 16 users deleted.)
JayJuanGee
Legendary
*
Online Online

Activity: 1932
Merit: 1815


How much alt coin diversification is needed? 0%?


View Profile
April 23, 2018, 06:32:10 AM

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Now you are pumping the trusting of 0 confirmations? 

No. I am just pointing out that, before persistently full blocks was A Thing, zero conf txs worked.

Are you denying proven reality?

Even if what you say is true, it does not matter that much. 

If there is a feature in bitcoin that is needed, such as zero confirmation between trusted parties (rather than wide-spread implementation), then likely the market is going to find a way to allow such feature into bitcoin.... On the other hand bitcoin seems to be moving away from such zero confirmation nonsense because the costs seem to outweigh any possible marginal benefits that may be gotten in such limited circumstances.


So why spend all this time on the topic of supposed value of zero confirmations, except for wanting to bump bcash as to having some supposed superior features, when surely those kinds of claims do not seem to be true - especially for what bcash actually is, which is merely some propaganda tool, bitcoin attack tool, and largely centralized pump and dump scheme. 

You can believe all that you want about bcash retaining the original bitcoin vision and some pie in the sky existence of zero confirmations in 2011 when bitcoin was worth less than $5, but you are merely engaging in the same misinformation that attempts to deny the validity and benefits of bitcoin's actual direction and the benefits of confirmations to ensure security and to lessen double spend breaches.
1561512129
Hero Member
*
Offline Offline

Posts: 1561512129

View Profile Personal Message (Offline)

Ignore
1561512129
Reply with quote  #2

1561512129
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561512129
Hero Member
*
Offline Offline

Posts: 1561512129

View Profile Personal Message (Offline)

Ignore
1561512129
Reply with quote  #2

1561512129
Report to moderator
1561512129
Hero Member
*
Offline Offline

Posts: 1561512129

View Profile Personal Message (Offline)

Ignore
1561512129
Reply with quote  #2

1561512129
Report to moderator
1561512129
Hero Member
*
Offline Offline

Posts: 1561512129

View Profile Personal Message (Offline)

Ignore
1561512129
Reply with quote  #2

1561512129
Report to moderator
exstasie
Hero Member
*****
Offline Offline

Activity: 1218
Merit: 654


View Profile
April 23, 2018, 06:36:44 AM

Due to it's deflationary and borderless nature, central banks will eventually be forced to hold BTC as a portion of their currency reserves.

Forced?  Yea, no.  Nothing is a real commodity currency unless you can hoard it and force others to pay you ransom for it.  Bitcoin has NO such fucking characteristics.  It doesn't matter if you idiots try and hoard dogecoins or bitcoins, there is nothing you can do to force me or anyone else to buy your pump and dump.

I don't think the comment was intended literally. Central banks and governments might be forced by market demand (not literal force) if there is significant global wealth transfer into BTC. This is the same reason central banks hoard gold as a monetary hedge (in spite of its lack of utility).
mike4001
Sr. Member
****
Offline Offline

Activity: 444
Merit: 260


View Profile
April 23, 2018, 07:16:17 AM

Holy shit ... BCH is pumping hard.

Who is buying this?
bitserve
Hero Member
*****
Offline Offline

Activity: 882
Merit: 758


HODL.


View Profile
April 23, 2018, 07:18:32 AM

Holy shit ... BCH is pumping hard.

Who is buying this?

Donno. But I am selling some more Smiley
STT
Legendary
*
Offline Offline

Activity: 2128
Merit: 1126



View Profile WWW
April 23, 2018, 07:22:27 AM

I buy with zero confirmation on bitcoin all the time.  Its a gold price fix for deposit, I guess if it were fraud or incorrectly displayed they could just reverse it anyway.   My purchase is not for instant delivery so its not really a problem, surely this is the case in lots of transactions.    The problem of buying a cup of coffee even doesnt seem that great as they can just ban you from your local and the shop has only lost a disposable cup really.

With say buying shopping, my local supermarket has a system to checkout your items as you take them off the shelf and put them into the trolley.   By the time you come near to the exit of the shop, the items would have already gone past more then 1 confirmation I guess so that system could work with bitcoin also (its been done via some FIAT mobile phone app currently).

Quote
Nothing is a real commodity currency unless you can hoard it and force others to pay you ransom for it.

Alot of commoditys expire after some time, even copper can degrade.   I dont really agree with the idea of ransom, its utility people are paying for.   In any case most commoditys are obtainable via alternative means, cornering the market seems quite unlikely in most situations.   Platinum I read is unlikely to ever become a monetised commodity because the reserves are too centred to Russia apparently.    I'm bullish on gold but theres a ton of the stuff out there, banks are buying this up actively but it still wont ever actually be rare howver demand could outstrip supply over a decade.      Thats comparable to growth in bitcoin, supply is lower then likely population growth of users.
  A feasible scenario leading to likely price rises, with gold the higher prices enable greater production ditto oil and many other commodity types but bitcoin supply growth never occurs hence the price dynamic we've all become accustomed to.
BobLawblaw
Legendary
*
Offline Offline

Activity: 1316
Merit: 1946


BitcoinTalk's Most Fabulously Gay Black Power-Top


View Profile
April 23, 2018, 09:18:34 AM
Merited by mindrust (1), Last of the V8s (1)

I could be glib and point out the 'cash' in the title.

Are you fucking serious right now ? That's your ultimate argument ? It had 'cash' in the title, therefore Bitcoin Cash is the real Bitcorn ?

Go fuck yourself you disingenuous bellend.

There is really no arguing this point. They worked. To the point that freeking _payment_processors_ accepted zero conf txs.

Those "freeking" <sic> _payment_processors_ are fucking retarded for accepting zero confirmation Bitcorn transactions.

OK, go ahead and 'rip me a new asshole'. Big boy.

I'm not sure why I unignored you to begin with. I saw people Meriting your posts and thought I should give you another "try" - so to speak - but, TBH, I really don't have the desire to engage with, nor discuss a hostile fork of Bitcorn with you or any other of Roger's disciples.

It's like trying to convince an Mohammedan to eat bacon. No good will come of it.

Back on ignore you go.

Permanently.
mindrust
Legendary
*
Offline Offline

Activity: 1470
Merit: 1430



View Profile
April 23, 2018, 09:51:04 AM
Last edit: April 24, 2018, 05:21:38 AM by mindrust
Merited by JayJuanGee (1)


Back on ignore you go.

Permanently.

Wise decision. You don't argue with retards and expect to win. Never happens. Take a look at bcash (BCC) thread every once in a while, it is like idiocracy movie in real life. They twist every truth to benefit their scam.

What is even more sad about our situation, a convicted criminal like Roger Ver happens to own shitloads of bitcoin and he can keep this bcash scam going forever without blowing up at some point like Bitconnect (BCC) did. Their trillion terabyte blocks will never be attacked because if someone does that they'll promote this attack as a real world usage. And If nobody uses bcash (bcc) network, they'll be advertising their scam for having lower fees, bigger blocks etc.

This shit is even more serious than a government attack but I personally believe Vermin is doing this because he is just retarded. It is like Batman&Joker now. If you kill either one of these, the other will also disappear. We'll have to fight bcash forever probably.

***OK OK I kid. I don't believe Roger Vermin will live forever. He has to die at some point right?
york780
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250



View Profile
April 23, 2018, 10:04:59 AM

Holy shit ... BCH is pumping hard.

Who is buying this?
People that like money ^^
Vlada69
Jr. Member
*
Offline Offline

Activity: 224
Merit: 5

In Kano we trust


View Profile WWW
April 23, 2018, 10:13:31 AM

Holy shit ... BCH is pumping hard.

Who is buying this?
People that like money ^^

US tax day passed so go figure...
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1410


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 23, 2018, 10:20:17 AM

Pumping your bags doesn’t work here boys.  No one cares.   

Maybe try TRX or XVG twitter.  They are dumb as sticks.
itod
Legendary
*
Online Online

Activity: 1484
Merit: 1019


^ Will code for Bitcoins


View Profile
April 23, 2018, 10:22:58 AM
Merited by JayJuanGee (1)

Since this BCash cancer is obviously not yet removed from the ecosystem, people have to get their shit together when criticizing their 0-confirmations concept BCH now rides on. You can't just say it's bad "just because" network needs confirmations by design. SPV wallets are described in the Whitepaper, more even substantial part of it talk's about them, and that's a fact. Also, remember when long time ago BitPay started accepting 0-confirmation payments and that was considered huge, BitPay was willing to accept the risk of double spend for small payments on itself form their partners, rather then small businesses waiting for confirmations and potential loosing business selling T-shirts and similar payments. The risk was smaller then the reward. The arguments against BCash ridiculous claim this is something new and better then BTC are simple:
- They have just invented the hot water, the concept is the same in BTC and already tested on Bitcoin network;
- LN is technically superior solution to SPV wallets, with LN you don't need any trust to accept instant transactions

Ver, Wu & their team of swindlers are there to moot the waters, it's their Modus operandi, and by not replying to them correctly, i.e. by bashing SPV wallets, will just leave things unclear, exactly what they want.
micgoossens
Hero Member
*****
Offline Offline

Activity: 728
Merit: 2191


When 10K Lets HAT up!!!!!


View Profile
April 23, 2018, 10:26:06 AM

I could be glib and point out the 'cash' in the title.

Are you fucking serious right now ? That's your ultimate argument ? It had 'cash' in the title, therefore Bitcoin Cash is the real Bitcorn ?

Go fuck yourself you disingenuous bellend.

There is really no arguing this point. They worked. To the point that freeking _payment_processors_ accepted zero conf txs.

Those "freeking" <sic> _payment_processors_ are fucking retarded for accepting zero confirmation Bitcorn transactions.

OK, go ahead and 'rip me a new asshole'. Big boy.

I'm not sure why I unignored you to begin with. I saw people Meriting your posts and thought I should give you another "try" - so to speak - but, TBH, I really don't have the desire to engage with, nor discuss a hostile fork of Bitcorn with you or any other of Roger's disciples.

It's like trying to convince an Mohammedan to eat bacon. No good will come of it.

Back on ignore you go.

Permanently.

Still stupid the pump bcash is having This moment
No good Will come of iT ;-) but how long Will iT last before Going back down
bitserve
Hero Member
*****
Offline Offline

Activity: 882
Merit: 758


HODL.


View Profile
April 23, 2018, 10:32:04 AM

I could be glib and point out the 'cash' in the title.

Are you fucking serious right now ? That's your ultimate argument ? It had 'cash' in the title, therefore Bitcoin Cash is the real Bitcorn ?

Go fuck yourself you disingenuous bellend.

There is really no arguing this point. They worked. To the point that freeking _payment_processors_ accepted zero conf txs.

Those "freeking" <sic> _payment_processors_ are fucking retarded for accepting zero confirmation Bitcorn transactions.

OK, go ahead and 'rip me a new asshole'. Big boy.

I'm not sure why I unignored you to begin with. I saw people Meriting your posts and thought I should give you another "try" - so to speak - but, TBH, I really don't have the desire to engage with, nor discuss a hostile fork of Bitcorn with you or any other of Roger's disciples.

It's like trying to convince an Mohammedan to eat bacon. No good will come of it.

Back on ignore you go.

Permanently.

Still stupid the pump bcash is having This moment
No good Will come of iT ;-) but how long Will iT last before Going back down


Hey Mic, I think I have never read if you already sold all your Bcash or not... Did you? If not, this doesn't look like a bad moment to sell, at least, some more.
HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1410


Degenerate bull hatter & Bitcoin monotheist


View Profile
April 23, 2018, 10:51:29 AM
Last edit: April 23, 2018, 11:07:14 AM by HairyMaclairy

Quality investment advice:

https://vimeo.com/264812431


Unrelated - we are now in the second longest stretch without a recession since 1929

fluidjax
Hero Member
*****
Offline Offline

Activity: 740
Merit: 550



View Profile
April 23, 2018, 11:10:57 AM
Merited by JayJuanGee (1)

There is really no arguing this point. They worked. To the point that freeking _payment_processors_ accepted zero conf txs.

0-Conf requires trust.

Trust that the miners will behave, and not replace a higher fee TX into the pool.
Trust in TX's without any POW
Trust that your node has connected to other REAL nodes.
Trust that your DNS server hasn't been posioned etc.etc.


The white paper states....

12. Conclusion
We have proposed a system for electronic transactions without relying on trust.


In terms of the white paper, 0-Conf is clearly a fail.

No L2, and a requirement for fast confirmations forces you down the 0-Conf route, everyone knows it sucks, but you have to fight the corner because you have no alternative.

MelMan2002
Sr. Member
****
Offline Offline

Activity: 459
Merit: 250



View Profile
April 23, 2018, 11:18:56 AM

Quality investment advice:

https://vimeo.com/264812431


Unrelated - we are now in the second longest stretch without a recession since 1929



So you are saying the 2010's are akin to the 1960's?  Interesting...very interesting...
Torque
Legendary
*
Offline Offline

Activity: 1834
Merit: 1501



View Profile
April 23, 2018, 11:31:43 AM

The Great BCash scam:

1. Unlimited block size: check

2. Centralized mining: check

3. 0-conf so verification is nill: check

4 Removal of the 21M cap: soon!  Wink

5. Paper derivative backed by BCash: soon!  Wink
afbitcoins
Legendary
*
Offline Offline

Activity: 1904
Merit: 1030



View Profile WWW
April 23, 2018, 11:51:48 AM

With regards to zero confirmation spending. That is stretching credibility a bit. Even the name of it says it all zero confirmations means there is zero confirmation.  I don't remember that ever being a thing. I always thought you need about 6 confirmations to consider it safe?

Dash has a great solution, as usual. With Dash 'instant send' a quorum of masternodes accept the transaction and instantly lock it. No double spend can then happen. Shortly afterwards the confirmation goes through into the blockchain the normal way. Just another example of how Dash already solved all these problems ages ago and the power of the tier of masternodes.
bitebits
Legendary
*
Offline Offline

Activity: 1294
Merit: 1061


Bitcoin != exchange rate


View Profile
April 23, 2018, 12:00:56 PM
Last edit: April 23, 2018, 01:20:54 PM by bitebits
Merited by JayJuanGee (1), Torque (1)

Darkcoin rambling.

^  Can you please shill your premined and highly centralized shitcoin in the relevant sub? My bank payments are instant for the very same reasons. Thanks.
TERA2
Full Member
***
Offline Offline

Activity: 266
Merit: 222


Deb Rah Von Doom


View Profile
April 23, 2018, 12:29:17 PM

The fourth Vegeta is a charm.
Pages: « 1 ... 20209 20210 20211 20212 20213 20214 20215 20216 20217 20218 20219 20220 20221 20222 20223 20224 20225 20226 20227 20228 20229 20230 20231 20232 20233 20234 20235 20236 20237 20238 20239 20240 20241 20242 20243 20244 20245 20246 20247 20248 20249 20250 20251 20252 20253 20254 20255 20256 20257 20258 [20259] 20260 20261 20262 20263 20264 20265 20266 20267 20268 20269 20270 20271 20272 20273 20274 20275 20276 20277 20278 20279 20280 20281 20282 20283 20284 20285 20286 20287 20288 20289 20290 20291 20292 20293 20294 20295 20296 20297 20298 20299 20300 20301 20302 20303 20304 20305 20306 20307 20308 20309 ... 24333 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!