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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25818714 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. (170 posts by 5 users with 9 merit deleted.)
bones261
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July 01, 2018, 01:11:18 PM

Wall Observer BTC/USD - Bitcoin price movement tracking & discussion is not the true vision of infofront.

infofront's true vision wouldn't let trolls to hijack this thread so easily. If this shit keeps happening, I'll have no choice but to fork this thread and start it again as it meant to be.

The new W/O thread will be ripped off from any troll protocols (like anonymint, roach, jbeher and other retards) and only infofront's true protocol to be left.

Raise hands now.

P.S: I won't be reverting your past crap. Your past messages (troll or not) will be safe.  I'll copy everything from this topic one by one but (tr00) moderation will be taking place by the page 20781.

Infofront isn't the true originator of this thread. adamstgBit is. However, adamstgBit became inactive. Bitcointalk locked this thread because it was becoming too much of a chore moderating it. They appointed infofront as the new OP,  to give this thread a little moderation.
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July 01, 2018, 01:19:26 PM
Merited by LFC_Bitcoin (1)

Why would anybodies coins be lost by HODLING in Core addresses? Anybody else please deny or confirm this?

this is a conspiracy and can not be denied or confirmed that easy. infofront wrote a good summary:

I'll give it a shot.

- Non-segwit transactions require 51% of the hashpower and a private key to steal. Segwit transactions just require 51% of the hashpower.
- This decreases the security of segwit transactions. However, we assume that it will be in the best interest of the miners to not steal Segwit coins. If one of the miners were to take all the segwit coins, we assume most other miners wouldn't recognize the theft, and the thieved coins would be on a forked chain that would soon die.

The previous part is basically non-controversial. The rest is speculation and conjecture. Anonymint and some others, such as Mircea Popescu, are of the opinion that it's almost an inevitability the segwit coins will be stolen. Here is their reasoning, as I see it:

- Miners did not want the segwit soft fork. They went along with it just to prevent the UASF
- Bcash was essentially "plan a" to keep most transactions on the main bitcoin layer, so they can protect their fees.
- If bcash doesn't succeed (hint: it won't), plan B is a future fork that will remove segwit. In this case, miners will take all the segwit coins.
 - Plan B seems unlikely, but:
 - As more and more Bitcoins pile into segwit addresses, there is an ever-increasing incentive for miners to steal these.
 - Technically it wouldn't even be theft, as segwit transactions are "anyone can spend". You don't need a private key, as mentioned earlier.
 - Even though the majority of users would be pissed, the super wealthy would support the non-segwit chain. To them, securing their wealth is the single most important thing, and the non-segwit chain offers higher security.
 - Mining is centralized, and even if it becomes more decentralized due to new ASIC manufacturers, etc. miners will operate as a cartel. At the end of the day, they all want to make as much money as possible.
 - As we head toward the future, mining rewards taper down to almost nothing. Miners need to increasingly rely on transaction fees. It would be in the best interest of miners to maximize these fees. Segwit cuts into these fees.

I'll give it a shot.

- Segwit transactions just require 51% of the hashpower.
- This decreases the security of segwit transactions.

Anonymint and some others, such as Mircea Popescu, are of the opinion that it's almost an inevitability the segwit coins will be stolen.

Miners did not want the segwit soft fork. They went along with it just to prevent the UASF
Bcash was essentially "plan a" to keep most transactions on the main bitcoin layer, so they can protect their fees.


If bcash doesn't succeed (hint: it won't),

  - As more and more Bitcoins pile into segwit addresses, there is an ever-increasing incentive for miners to steal these.
plan B is a future fork that will remove segwit.
 In this case, miners will take all the segwit coins.

 - Technically it wouldn't even be theft, who cares the original bitcoin will fork back making it redundant, keep your crap altcoins no-one will buy them after



 - Even though the majority of ALTCOIN users would be pissed, the super wealthy would support the non-segwit chain. To them, securing their wealth is the single most important thing, and the non-segwit chain offers the truth to their crimes.


ALTCOIN buyers will flood to the new SECURE and SAFE segwit fork or whatever code they want to centralize


 - Mining is decentralized due to new ASIC manufacturers. At the end of the day, they all want to make as much money as possible.
 - As we head toward the future, mining rewards always increase. Miners need to increasingly rely on transaction fees when they blow profits. It would be in the best interest of miners to maximize these profits. Segwit does cut into these fees.
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July 01, 2018, 01:50:07 PM

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?
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July 01, 2018, 01:55:57 PM

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

Segwit addresses begin with a 3

So it’s a lot safer if my bitcoin’s are all held in addresses beginning with a 1
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July 01, 2018, 02:00:40 PM
Last edit: July 01, 2018, 02:23:21 PM by bones261
Merited by JayJuanGee (1)

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.


So it’s a lot safer if my bitcoin’s are all held in addresses beginning with a 1

Only if you believe that a fork that will treat and spend segwit coins as anyonecanspend transactions will eventually become the chain with the most work. (And also the chain with the most economical support.) Your segwit coins will be basically unspendable on this chain. As soon as you attempt to spend them, you can only use the segwit redeem script which the miners will appropriate for themselves as an anyonecanspend.
Your segwit coins are safe and sound on any fork that enforces segwit rules.
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July 01, 2018, 02:02:33 PM

Fucking dumb ass question but how do you know if your bitcoin’s are being held in a SegWit or Non SegWit address?

If the address begins with 1, they are definitely not Segwit coins.
If the address begins with 3, they are held in a P2sH address. They could be segwit or could just be a multisign address. If the private keys are under your control, you should know. Likely they are a segwit address since you would definitely know if you set up a multisig address since it involves a very complicated process to set up. If the private keys are under someone else's control, like an exchange or online wallet, you will need to research or ask.
If the address begins with bc1, it is definitely a segwit address.


Pretty sure all of my bitcoin’s are in addresses begginning with a 1
I will need to check this tonight

But yes I am the sole owner of every single private key.
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July 01, 2018, 02:10:40 PM

Wall Observer BTC/USD - Bitcoin price movement tracking & discussion is not the true vision of infofront.

infofront's true vision wouldn't let trolls to hijack this thread so easily. If this shit keeps happening, I'll have no choice but to fork this thread and start it again as it meant to be.

The new W/O thread will be ripped off from any troll protocols (like anonymint, roach, jbeher and other retards) and only infofront's true protocol to be left.

Raise hands now.

P.S: I won't be reverting your past crap. Your past messages (troll or not) will be safe.  I'll copy everything from this topic one by one but (tr00) moderation will be taking place by the page 20781.

Infofront isn't the true originator of this thread. adamstgBit is. However, adamstgBit became inactive. Bitcointalk locked this thread because it was becoming too much of a chore moderating it. They appointed infofront as the new OP,  to give this thread a little moderation.

I think there was an even earlier WO thread, still run by Adam that pre-dated even this one which started in 2013.  This one was supposed to be more 'on topic' Wink

So this is at least version 2.0, maybe 2.1 since infofront took over when the thread was saved from closure.
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July 01, 2018, 02:15:14 PM

Precious metals are no longer a Schelling point because of the technology that governments have now, metals can no longer be moved without being confiscated. Gold and silver are under the control of nation-states, but Bitcoin has jurisdictional arbitrage and can’t be controlled by any partial grouping of nation-states.

Once again you have gotten your facts 100% opposite of what they are in reality.  It's ORDERS OF MAGNITUDE more cost effective to create and run a police state in cyberspace than in the physical world.  So, no, metals are not at risk because nobody can afford to create a police state monitoring what everyone does in the physical plane, but they can easily do so for the digital one.  You're using the govt's own infrastructure in the first place.  Please do not try to pass off such statements that are laughable at face value as facts.  

Shitcoins are the ones at risk due to having no valid Schelling point and ease of govt clamp down, not metals.  If the govt attempts to outlaw silver and gold, they do not cease to exist.  They still exist and have value.  Since shitcoins have no intrinsic use or value, a govt clampdown destroys them.  They're completely worthless.  And yes, Kaczynski was right no matter how much you attempt to pretend he was not.  The most oppresive forms of tyranny will manifest from the digital plane, not the physical one, due to the cheaper cost and ease of creating and running those systems as I mentioned above.

Only a complete fool would embrace these digital slave systems over sound money - physical silver and gold.
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July 01, 2018, 02:23:09 PM

spirit fingers and jazz hands



done and done
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July 01, 2018, 02:31:38 PM
Merited by jbreher (1), anunymint (1)



Here is a flow chart that you can use to predict the analysis of bulls over the next 6 months based on any possible combination of action that could occur over the next 3 months.
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July 01, 2018, 02:33:23 PM

Precious metals are no longer a Schelling point because of the technology that governments have now, metals can no longer be moved without being confiscated. Gold and silver are under the control of nation-states, but Bitcoin has jurisdictional arbitrage and can’t be controlled by any partial grouping of nation-states.

Once again you have gotten your facts 100% opposite of what they are in reality.  It's ORDERS OF MAGNITUDE more cost effective to create and run a police state in cyberspace than in the physical world.  So, no, metals are not at risk because nobody can afford to create a police state monitoring what everyone does in the physical plane, but they can easily do so for the digital one.  You're using the govt's own infrastructure in the first place.  Please do not try to pass off such statements that are laughable at face value as facts.  

Shitcoins are the ones at risk due to having no valid Schelling point and ease of govt clamp down, not metals.  If the govt attempts to outlaw silver and gold, they do not cease to exist.  They still exist and have value.  Since shitcoins have no intrinsic use or value, a govt clampdown destroys them.  They're completely worthless.  And yes, Kaczynski was right no matter how much you attempt to pretend he was not.  The most oppresive forms of tyranny will manifest from the digital plane, not the physical one, due to the cheaper cost and ease of creating and running those systems as I mentioned above.

Only a complete fool would embrace these digital slave systems over sound money - physical silver and gold.

Gov are provenly good clampingdown physical ownerships. No chances for any PM here. Shop owners are at risk.

Its harder or impossible to clampdown IP or virtual bearer instruments. Use Bitcoin and brainwallets, how is that stoppable better than PM?

Never.

But very highest goal is to get many into Bitcoin daily use and these ppl will stopp any gov.
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July 01, 2018, 02:41:38 PM
Merited by xhomerx10 (1), JayJuanGee (1), Torque (1), Phil_S (1), FractalUniverse (1)

The monthly update:


Guess we're in despair now. I've had to ignore more members in the last 30 days than in the 330 days before. Cheesy
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July 01, 2018, 02:47:13 PM

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July 01, 2018, 02:49:57 PM

Wall Observer BTC/USD - Bitcoin price movement tracking & discussion is not the true vision of infofront.

infofront's true vision wouldn't let trolls to hijack this thread so easily. If this shit keeps happening, I'll have no choice but to fork this thread and start it again as it meant to be.

The new W/O thread will be ripped off from any troll protocols (like anonymint, roach, jbeher and other retards) and only infofront's true protocol to be left.

Raise hands now.

P.S: I won't be reverting your past crap. Your past messages (troll or not) will be safe.  I'll copy everything from this topic one by one but (tr00) moderation will be taking place by the page 20781.

you got your sherif star in an happy meal? please... go fork your self.

If you are bored with charts, moonrockets and others total losers who can't understand a market, you can always come and post on this great thread about coding a legal framework for C17H21NO4 in the usa :

https://bitcointalk.org/index.php?topic=4577827.msg41287597#msg41287597

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July 01, 2018, 02:51:30 PM



I'm a modern young lady!

You go girl.
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July 01, 2018, 02:54:09 PM


You should plot 2011 on there too
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July 01, 2018, 02:57:18 PM
Last edit: July 01, 2018, 03:16:23 PM by realr0ach

Precious metals are no longer a Schelling point because of the technology that governments have now, metals can no longer be moved without being confiscated. Gold and silver are under the control of nation-states, but Bitcoin has jurisdictional arbitrage and can’t be controlled by any partial grouping of nation-states.

Once again you have gotten your facts 100% opposite of what they are in reality.  It's ORDERS OF MAGNITUDE more cost effective to create and run a police state in cyberspace than in the physical world.  So, no, metals are not at risk because nobody can afford to create a police state monitoring what everyone does in the physical plane, but they can easily do so for the digital one.  You're using the govt's own infrastructure in the first place.  Please do not try to pass off such statements that are laughable at face value as facts.  

Shitcoins are the ones at risk due to having no valid Schelling point and ease of govt clamp down, not metals.  If the govt attempts to outlaw silver and gold, they do not cease to exist.  They still exist and have value.  Since shitcoins have no intrinsic use or value, a govt clampdown destroys them.  They're completely worthless.  And yes, Kaczynski was right no matter how much you attempt to pretend he was not.  The most oppresive forms of tyranny will manifest from the digital plane, not the physical one, due to the cheaper cost and ease of creating and running those systems as I mentioned above.

Only a complete fool would embrace these digital slave systems over sound money - physical silver and gold.

Gov are provenly good clampingdown physical ownerships. No chances for any PM here. Shop owners are at risk.

Its harder or impossible to clampdown IP or virtual bearer instruments. Use Bitcoin and brainwallets, how is that stoppable better than PM?

No...they are not.  First of all, nobody on the right or left gives a damn what govt says anymore.  Even back when people respected govt, barely anyone turned in their gold when they tried to confiscate it.  So whether the govt attempted to move against shitcoins or metals, they are unable to do either with voluntary compliance.  They're required to use force in both cases.  The only force they're required to use against shitcoins is knocking on the door of the exchanges, giant mining facilities, or ISPs and filtering out the non-obfuscated traffic.  It takes them barely any effort or force to obliterate shitcoins.  It takes them a WHOLE LOT of effort to physically attack everyone roaming the planet to confiscate their physical metals.

I've talked to numerous people from TBTF bankers to low level celebrities that make up the system.  All of these people with any passing interest in shitcoins know who both Anonymint and I are, and pretty much all of them agree with me, except maybe random people like Ashton Kutcher, that whoever holds physical metals in the future makes the rules, not shitcoins.  So in any argument of r0ach vs Anonymint, it's basically r0ach + the entire rest of the planet vs Anonymint and Ashton Kutcher.  Choose what side you want to be on for the conclusion of this fight.
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July 01, 2018, 03:15:53 PM

I've talked to numerous people



Choose what side you want to be on for the conclusion of this fight.

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July 01, 2018, 03:21:31 PM


No...they are not.  First of all, nobody on the right or left gives a damn what govt says anymore.  Even back when people respected govt, barely anyone turned in their gold when they tried to confiscate it.  So whether the govt attempted to move against shitcoins or metals, they are unable to do either with voluntary compliance.  They're required to use force in both cases.  The only force they're required to use against shitcoins is knocking on the door of the exchanges, giant mining facilities, or ISPs and filtering out the non-obfuscated traffic.  It takes them barely any effort or force to obliterate shitcoins.  It takes them a WHOLE LOT of effort to physically attack everyone roaming the planet to confiscate their physical metals.

I've talked to numerous people from TBTF bankers to low level celebrities that make up the system.  All of these people with any passing interest in shitcoins know who both Anonymint and I are, and pretty much all of them agree with me, except maybe random people like Ashton Kutcher, that whoever holds physical metals in the future makes the rules, not shitcoins.  So in any argument of r0ach vs Anonymint, it's basically r0ach + the entire rest of the planet vs Anonymint and Ashton Kutcher.  Choose what side you want to be on for the conclusion of this fight.

if you mean this kind of metal:



I agree with you... otherwise can you ingest "your metals"? at least you will have to be open up before "giving" it Smiley.



I'm a modern young lady!

You go girl.

you should have put this one :



way more appropriate for those who get it Smiley.
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July 01, 2018, 03:28:25 PM
Last edit: July 01, 2018, 04:13:06 PM by bitserve

You have convinced me.  I need to run the version from November 2010 when Satoshi was still involved. What version was that?  Because that’s obviously the one true Bitcoin.

Sorry guys any transactions after 2010 are invalid. Anyone that says otherwise is just a Core shill.

No, you don't really need to do that.

What you need to do is:

Step 1. Take all your "pure" Bitcoin in legacy addresses and move them to an exchange (make sure to use a Segwit deposit address, this is important)
Step 2. Sell them all (yeah)
Step 3. Save the private key/s of the originating legacy addresses.
Step 4. Try to convince everyone of a future fork in which Segwit will be basically wiped out of existence and only the "TRUE satoshi" practitioners will reign.
Step 5. When the fork happens use your old private keys for instant profit.

Sounds like a plan, uh?

What could go wrong?

P.S.: People shilling (see step 4) for this scenario in which Segwit gets wiped out of existence either are already nocoiners... or don't fully believe in their own words.
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