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Question: What year will we achieve a new ATH?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21183014 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. (24 posts by 13 users deleted.)
Anon136
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May 07, 2018, 03:58:00 AM

Yet we have known since Adam Smith that the hidden hand of the marketplace will ensure that the optimal solution is arrived at by letting prices find their own equilibrium. This has been more formalized in more recent times in that the price and quantity of a good will be set at the point where the demand/price curve and the supply/price curve intersect. Further still, dead losses are incurred any time production quotas are enforced. Given this, why do you assert the utility of a production quota on transaction throughput?
The internal market dynamics of a crypto currency protocol is a completely synthetic environment. It's like the internal legers of a corporation. You need management to make decisions in a corporation, "the invisible hand" can not run your corporation for you and for the exact same reasons it can not manage the internal dynamics of a crypto currency. It can punish protocols that chose poorer strategies and reward those that choose better strategies, but it can not chose your strategies for you. In that sense it regulates the internal dynamics of crypto currency protocols but only in that sense.


Why not trust miners to set the tx throughput supply to maximize profit under the demand and supply curves?
Because miners do not have the same set of incentives that users have and the bitcoin exists to serve users not miners, miners too exist to serve users. Admittedly that's just my opinion, but I think most people here can agree with it.
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Paashaas
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May 07, 2018, 04:01:57 AM


I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Strange, i only see that argument coming from BCasher's, didn't expect less from Bcash shit noobs like you Kiss
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May 07, 2018, 04:03:38 AM

Because miners producers do not have the same set of incentives that users consumers have and the bitcoin product exists to serve users consumers not miners producers, miners producers too exist to serve users consumers.

So...
Cryptocurrencies -- specifically the market for tx inclusion -- are the one and only special case where the laws of economics do not apply?

(As an aside, I'm quite sure that, when the producers shut off their alarm clock at oh-dark-thirty, and wearily drag themselves out of bed to face another long grim day of producing, that doing it for the benefit of the exalted consumers ain't first and foremost on their minds)
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May 07, 2018, 04:05:26 AM


I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Strange, i only see that argument coming from BCasher's, didn't expect less from Bcash shit noobs like you Kiss

Once again, Paashaas yields a glancing and ineffectual blow, completely devoid of any cogent rebuttal.
realr0ach
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May 07, 2018, 04:05:56 AM

Another day, another representative of the Jew World Order trying to disarm the population while flooding them with rapefugees that want to murder them (The Kalergi Plan):


JimboToronto
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May 07, 2018, 04:24:35 AM

I cannot believe this shit.

I hop on a plane to Mexico with the price pushing $10k and less than 36 hours later it drops to $9.2k.

As Yogi Berra said, deja vu all over again.

Now someone will blame me for this crap. Go figure.

 Roll Eyes
Anon136
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May 07, 2018, 04:25:55 AM

Because miners producers do not have the same set of incentives that users consumers have and the bitcoin product exists to serve users consumers not miners producers, miners producers too exist to serve users consumers.

So...
Cryptocurrencies -- specifically the market for tx inclusion -- are the one and only special case where the laws of economics do not apply?

(As an aside, I'm quite sure that, when the producers shut off their alarm clock at oh-dark-thirty, and wearily drag themselves out of bed to face another long grim day of producing, that doing it for the benefit of the exalted consumers ain't first and foremost on their minds)
I don't have the patience to get into the weeds with you right now. I'm sure I could debate with you until the sun came up and you wouldn't yield, even if I was right and well articulated. Hopefully someone understood what I was saying.
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May 07, 2018, 04:29:59 AM

You... you quoted yourself in agreement.

Also, I fail to see why someone would buy loads of ETH to short it. I can't see a way for that to be profitable. You can't short your own position and make money.

Yeah, it makes total sense I do agree with myself, doesn't it?

Now seriously, I quoted it because I posted it several days ago before ETC started to pump and that's the reason I guess some people also thought the same. Or maybe it's just a random pump... who knows.

About the shorting ETH thing... well, that's how pump and dumps work.... some people pump it from point A, then more people FOMO in and keep raising the price to point B or C. Now the initial pumpers dump (or short) on the later.. profit! At least theoretically.
oh ok, but a pump and dump is not the same thing as shorting, just fyi.

Shorting involves borrowing something and selling it with the intent to buy back cheaper.
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May 07, 2018, 04:34:30 AM

If anyone ever wants to know why I sound cynical then this is why. God it's going to be so fun to quote all those arrogant posts if new lows come.

fun to revel in the misery of others???

sounds kinda sociopathic, 'bro'

L'Chaim, eh...?
No I just want specific people who were assholes to me to shut up or admit how stupid they were.
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May 07, 2018, 04:38:47 AM
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It's necessary. Just a matter of when.

I'm not saying BTC doesn't need to eventually move over to larger blocks, but I support their slower, safer, forward-thinking, incremental approach to things.

I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Core is the name of the WALLET you trolling fuck.

Wait... did't I put you on ignore a million years ago??? I must have been curious and undid it.  Everyone does something stupid now and then.
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May 07, 2018, 04:47:18 AM

It's necessary. Just a matter of when.

I'm not saying BTC doesn't need to eventually move over to larger blocks, but I support their slower, safer, forward-thinking, incremental approach to things.

I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Core is the name of the WALLET you trolling fuck.

True to form. Do you feel your statement has shown my assertion to be false? Because your reply is a mere irrelevancy.

You obnoxious fuck.  Roll Eyes
bones261
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May 07, 2018, 04:58:04 AM

It's necessary. Just a matter of when.

I'm not saying BTC doesn't need to eventually move over to larger blocks, but I support their slower, safer, forward-thinking, incremental approach to things.

I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Core is the name of the WALLET you trolling fuck.

True to form. Do you feel your statement has shown my assertion to be false? Because your reply is a mere irrelevancy.

You obnoxious fuck.  Roll Eyes

What do you expect? I'm sure if I decided to post in the BCH thread and called it BCASH, all of your friends would jump down my throat. If you can't bare to refer to BTC as Bitcoin, then just refer to it as BTC here. Fair enough?
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May 07, 2018, 05:01:30 AM

It's necessary. Just a matter of when.

I'm not saying BTC doesn't need to eventually move over to larger blocks, but I support their slower, safer, forward-thinking, incremental approach to things.

I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Core is the name of the WALLET you trolling fuck.

True to form. Do you feel your statement has shown my assertion to be false? Because your reply is a mere irrelevancy.

You obnoxious fuck.  Roll Eyes

What do you expect? I'm sure if I decided to post in the BCH thread and called it BCASH, all of your friends would jump down my throat. If you can't bare to refer to BTC as Bitcoin, then just refer to it as BTC here. Fair enough?

Actually, calling it bcash on the BCH/USD Wall Observer thread is not only accepted, but encouraged.

https://bitcointalk.org/index.php?topic=3386487.msg35480059#msg35480059
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May 07, 2018, 05:12:59 AM

Why is btrash doing so well ?
Probably because of the upcoming fork.
...
Quote
Proponents are looking forward to a 32 MB block size increase and op-code additions that could bring ethereum-like characteristics to the BCH network.

Jesus Titty-Fucking Christ.

The cancer that is BCash cannot die soon enough, along with Roger Ver.
Bigger blocks is a good thing. The problem is that they are being deceptive cunts. If we had chosen big blocks and they had chosen segwit, we would still think the same thing about them, and for the same reason. And be applauding ourselves for making the correct choice.

It's the people, not the tech.

Perhaps, but we do have better tech.
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May 07, 2018, 05:16:15 AM

What's the drama? Bitmain's corporate bond (aka bcash) appreciated against bitcoin?
jbreher
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May 07, 2018, 05:20:43 AM

It's necessary. Just a matter of when.

I'm not saying BTC doesn't need to eventually move over to larger blocks, but I support their slower, safer, forward-thinking, incremental approach to things.

I'll grant that Core's approach to scaling is slower than Cash's, but it certainly ain't safer.

Core is the name of the WALLET you trolling fuck.

True to form. Do you feel your statement has shown my assertion to be false? Because your reply is a mere irrelevancy.

You obnoxious fuck.  Roll Eyes

What do you expect? I'm sure if I decided to post in the BCH thread and called it BCASH, all of your friends would jump down my throat.

Maybe. Personally, I just shrug it off. It is yet another irrelevancy meant to divert from the substance of dialogue. By calling it Core, I wasn't meaning to denigrate BTC. I erred. Sorry.

Though cAPSLOCK is still an obnoxious fuck.

Quote
If you can't bare to refer to BTC as Bitcoin, then just refer to it as BTC here. Fair enough?

If I do, can I expect that others will refrain from calling BCH BCash?

Yeah - that's what I thought.
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May 07, 2018, 05:21:18 AM

Quit trying to scam and deceive people and change the name to bchcoin and I am sure your little alt will be just fine.

Hmmm....or maybe not.
https://cointelegraph.com/news/coinmarketcap-quietly-removes-bch-promoting-bitcoincom-from-its-btc-page

Late night and a big week coming with uncertainty in the air is casting a shadow on the bull market we have been enjoying. I am seeing a bearish pennant starting to form. Waiting to see if support holds at $9.3k or if we are heading back down towards vegeta levels. #dyor
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May 07, 2018, 05:26:01 AM

If you can't bare to refer to BTC as Bitcoin, then just refer to it as BTC here. Fair enough?

Sure. I can refer to BCH as BeeCash.
jbreher
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May 07, 2018, 05:27:01 AM

If you can't bare to refer to BTC as Bitcoin, then just refer to it as BTC here. Fair enough?

Sure. I can refer to BCH as BeeCash.


Fix your quote, becoin (BeeCoin?). I didn't say that.
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May 07, 2018, 05:36:38 AM

Another day, another representative of the Jew World Order trying to disarm the population while flooding them with rapefugees that want to murder them (The Kalergi Plan):




That might be the stupidest tweet I've ever seen from a world leader. That even includes Trump's tweets.
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