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

[Elwar]

[realr0ach]

You have it all wrong, and I am not even sure you understand BTC and the thought processes of Satoshi Nakamoto. When BTC block rewards go down to ZERO, there will still be transaction fees to reward the miners.

LOL.  Well golly jee! I had no idea transaction fees were recirculated as block reward instead of burned!  Wait, actually I did, and a static block reward is a direct subsidy to transaction fees via inflation tax on the rest of the coin holders while a static block reward of zero provides no such subsidy.

You receive an F- on your post for pretending a static block reward of zero is no different than a block reward of 50.
 
The newbie section is that way---->

Again, you are assuming miners need to be subsidise to keep doing what they are doing. My local bus route was subsides by the government for 30years. Once the population grew and passengers jumped on board, the subsidy disappeared. Guess what, the bus route is still there!

EDIT: and the passengers still uses the bus route. they didn't just catch the bus in the next suburb or look for a bus that was subsidise!

Not asking or seeking a rating from you buddy! and obviously your conclusions are just a insight in your delusional thinking.

You shills pretend that bitcoin has a captive audience monopoly over every transaction on the planet and doesn't have to face ANY competition.  Your transactions were essentially free at a block reward of 50, but let's say they're 'only' $200 at a block reward of 0 while not being subsidized any longer.  Since bitcoin is completely centralized, where in the flying fuck is the value proposition in paying $200 or more for a transaction on a centralized service that arbitrarily blacklists your non-fungible shitcoins when you can use a different centralized service for 1/100th the price or less?  There's many services that even have free transactions between users.

Bitcoin is a garbage store of value and can never defeat silver and gold as the base of Exter's Pyramid, so the only trait anyone would actually be interested in is either:  

A) using it as a pump and dump scam

B) using it for regulatory arbitrage (which is fast being stamped out by the day with govt regulations)

C) using it as a cheap payment system that would cost them less than using a normal bank or other financial services entity (not exactly going to happen with on-chain transactions and LN is an unworkable train wreck unless you make it completely centralized)

[hisslyness]

r0ach is a troll? can't be? he is the smartest retard I have ever met.

[Last of the V8s]

https://medium.com/@muradmahmudov/bitcoin-past-and-future-45d92b3180f1

lots of twitterati calling this a good and comprehensive account of where bitcoin is at

for the sane though there's #trilema, as ever

[RayX12]

I wonder if they accept bitcoin?....

https://www.marketwatch.com/story/hospital-launches-rehab-clinic-to-treat-cryptocurrency-addiction-2018-05-29

Fucking MSM, such targeting and FUD.

So where are all the clinics treating the penny stock trading addiction all these past couple of decades?

SMH

Cryptohodlers have bitcoin, that is the difference.   

[Elwar]

r0ach is a troll? can't be? he is the smartest retard I have ever met.

You shouldn't call him a retard.

I believe the PC term is to say that he is retarded. That way you do not label him as a person, just his actions.

He can feel special and it makes everyone happy in the end.

[Last of the V8s]

you can't fucking regulate bitcoin you idiot roachtard. fuck off back to kindergarten with that nonsense statist trolling

[realr0ach]

https://medium.com/@muradmahmudov/bitcoin-past-and-future-45d92b3180f1

lots of twitterati calling this a good and comprehensive account of where bitcoin is at

It's the standard bullshit Andreas Antonoplous, used car salesmen propaganda we've all seen before that completely ignores every single negative while hyping anything it can remotely portray as positive.  For instance, he claims because bitcoin is deflationary, that somehow means it can automatically defeat all other forms of exchange.  Herp derp.  Bitcoin is actually hyper-deflationary because the amount of coins lost over time due to strong encryption will be enormous, which means it can NEVER be used as a unit of account of anything and it will ALWAYS be required to be a derivative of something else.  

These pumper jackasses won't admit a unit of exchange needs price stability to function.  It's actually highly negative using a system composed of only a single asset as a monetary system due to this reason if people hoard it and choke liquidity, which is why most people who aren't idiots see merit in things like bi or tri-metallic systems, or using a basket of commodities as a foundation for a financial system.  The basket would obviously be good, it just does not remove counterparty risk, so it can't be used.  Hence how you end up back with gold, silver, and copper.  

If someone hordes all the gold and liquidity goes to zero, people simply go in their backyard and start digging up copper until gold resurfaces in the system months/years later.  It's not really possible to 'corner' the copper market, so that always leave a backdoor to prevent complete freeze up.

[Torque]

r0ach is a troll? can't be? he is the smartest retard I have ever met.

This HAS to be one of r0ach's other sock puppet shill accounts that he uses to converse with himself.    

You shouldn't call him a retard.

I believe the PC term is to say that he is retarded. That way you do not label him as a person, just his actions.

He can feel special and it makes everyone happy in the end.

He's special needs alright.

[RayX12]

https://www.xe.com/currencycharts/?from=EUR&to=USD&view=1Y
"Existencial crisis in eu"  
La or koreatown .. yes there is  

Bitcoin is the answer.  
Grab the last few cheap BTC before the next moon rise.

+Merits

Definitely worth a second look!  

[realr0ach]

you can't fucking regulate bitcoin you idiot roachtard. fuck off back to kindergarten with that nonsense statist trolling

LOL, can't regulate bitcoin my ass.  Transaction validators are designed to centralize you lying fuckin shills.  It was NEVER a "permissionless system" in the first place from day one.  It was only a permissionless system if you're a bugman who happens to be an integrated circuit designer while also having millions of dollars to lay down a foundry, and having an IQ that isn't subpar compared to all the other chip designers.  But the bell curve is asymmetric, so the fucking thing fails and goes into complete centralized monopoly even if EVERY person on the planet is a billionaire chipset designer by trade.

You shills know this is 100% truth and there's zero reason for shitcoins to exist compared to physical silver and gold, but you're all scumbags and lie to try and scam people with pump and dumps of imaginary, centralized, valueless tokens.

[hisslyness]

You shills pretend that bitcoin has a captive audience monopoly over every transaction on the planet and doesn't have to face ANY competition.  Your transactions were essentially free at a block reward of 50, but let's say they're 'only' $200 at a block reward of 0 while not being subsidized any longer.  Since bitcoin is completely centralized, where in the flying fuck is the value proposition in paying $200 or more for a transaction on a centralized service that arbitrarily blacklists your non-fungible shitcoins when you can use a different centralized service for 1/100th the price or less?  There's many services that even have free transactions between users.

Bitcoin is a garbage store of value and can never defeat silver and gold as the base of Exter's Pyramid, so the only trait anyone would actually be interested in is either:  

A) using it as a pump and dump scam

B) using it for regulatory arbitrage (which is fast being stamped out by the day with govt regulations)

C) using it as a cheap payment system that would cost them less than using a normal bank or other financial services entity (not exactly going to happen with on-chain transactions and LN is an unworkable train wreck unless you make it completely centralized)

Again, no one here has said BTC has a monopoly on every transaction. In fact your delusions are coming back, I think you are reading what isn't on the screen, but what is in your head!

We want competition, this will make BTC better, force developers to think outside the box and develop tech the like you can not even imagine.

The bus ride was essentially free as well. But there were transaction fees during the 50BTC reward periods.

No one is asking you to use BTC go use your shit coin, but don't assume you know what will happen with BTC, don't assume miners will just dump BTC chain and mine elsewhere.

Do you even mine BTC? Do you think we are making shitloads of BTC?

Again you assuming $200 for an onchain transaction. Then I will assume it is for a $1Billion movement. I am fine with that! Or you can go with PayPal and get charged 2.6%?

[Raja_MBZ]

Where does a cockroach r0ach hide in winter bull season?


Bitcoin's looking bullish; as soon as we go on a run, people like realr0ach will go away.

[gentlemand]

Bitcoin's looking bullish; as soon as we go on a run, people like realr0ach will go away.

Nope.

This thread has been rendered largely worthless because of It. It is still requoted and engaged endlessly even by real posters. It's been fucking years now and nothing will change It.

I barely check this thread as it'll be 30-50% It.

Er, 'free speech' and all that.

[Last of the V8s]

Bitcoin's looking bullish; as soon as we go on a run, people like realr0ach will go away.

Nope.

This thread has been rendered largely worthless because of It. It is still requoted and engaged endlessly even by real posters. It's been fucking years now and nothing will change It.

I barely check this thread as it'll be 30-50% It.

Yeah sorry for engaging it. Its reply to my post was just bot-generated garbage.

Actually if infofront had any balls he could delete 'its' posts for being spam. (edited out the extraneous apostrophes)

[Raja_MBZ]

Bittrex adding USD pairs... bullish.

Bitcoin's looking bullish; as soon as we go on a run, people like realr0ach will go away.

Nope.

This thread has been rendered largely worthless because of It. It is still requoted and engaged endlessly even by real posters. It's been fucking years now and nothing will change It.

I barely check this thread as it'll be 30-50% It.

Er, 'free speech' and all that.

I just believe too much on Stoch RSI and RSI, and for bitcoin, currently they're on dead level. I don't see it going further low (below $6700-$6800).

[Torque]

Actually if infofront had any balls he could delete 'it's' posts for being spam.

Shitcoin shills, trolls, Big blockers, Bitcoin haters/bashers, and Jew-hating Nazis have all been encouraged on this entire website from day 1.

Y'know, cause 'muh free speech' and all that.  

Sadly, the /ignore function is all we got.

[gentlemand]

Bittrex adding USD pairs... bullish.

They're adding Tether and 'TrueUSD' and it's only available to corporate customers in a few states. And 'TrueUSD' spiked 16% against the real dollar recently. What institution with its marbles intact would use that? It's literally the first time I've ever heard of it.

https://www.bloomberg.com/news/articles/2018-05-31/bittrex-gets-bank-agreement-to-help-you-buy-bitcoin-with-dollars

[Torque]

Bittrex adding USD pairs... bullish.

They're adding Tether and 'TrueUSD' and it's only available to corporate customers in a few states. And 'TrueUSD' spiked 16% against the real dollar recently. What institution with its marbles intact would use that? It's literally the first time I've ever heard of it.

https://www.bloomberg.com/news/articles/2018-05-31/bittrex-gets-bank-agreement-to-help-you-buy-bitcoin-with-dollars

WTF is the difference between Tether and TrueUSD?

[gentlemand]

WTF is the difference between Tether and TrueUSD?

Tether is more trustworthy. I truly never believed I'd type that.

http://www.hotstocked.com/article/94283/what-is-trueusd-tusd-token-and-is-it-going.html