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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26380498 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. (174 posts by 3 users with 9 merit deleted.)
El duderino_
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November 13, 2018, 05:04:05 PM

^
Penance for ?  Wink

And very cool especially if it would come from another party ( one that just sees : those hats stands for BTC-hodlers and just go with making something with it)

I’m almost getting ideas Roll Eyes
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starmman
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November 13, 2018, 05:08:36 PM

Whats with the hats?
HairyMaclairy
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November 13, 2018, 05:14:44 PM

We cap-pitulated
Phil_S
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We choose to go to the moon


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November 13, 2018, 05:23:16 PM

We're having a Mad Tea Party here!



Change places!
Last of the V8s
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November 13, 2018, 05:24:51 PM

 Wink
El duderino_
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November 13, 2018, 05:32:05 PM

Whats with the hats?

XhomerX Will take care ......more not need to know
vapourminer
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what is this "brake pedal" you speak of?


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November 13, 2018, 05:37:31 PM

@xhomerx10
RE: hat

after much discussion with my cat, he has opined that his image cannot be smaller than any other image in the avatar. so having his image reduced to fit on a badge on a hat is out.

he will deign however to wear a genuine WO hat on his head though. will that be possible? a hat with the BTC logo for him to wear?
AlcoHoDL
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November 13, 2018, 05:49:40 PM
Last edit: June 22, 2019, 01:39:46 AM by AlcoHoDL
Merited by LFC_Bitcoin (1)

It's the calm before the pump...

We'll soon be in 5 digits and rising...

Hell, I even think I'll win mic's game...

@xhomerx10: If it's not too much trouble, I'd really like a hat of this pic. You may cut and crop and do what you must to make it look awesome. Will be worn with pride once we hit 5 digits!

Torque
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November 13, 2018, 06:06:30 PM

Lol, everyone has to walk on egg shells, they don't want to upset him, and have him storm out in a hissy fit.

Reviewing the real Satoshi's early emails and forum posts, it is so easy to see that he was ego-centric narcissist with an anger hair trigger, just about anything would set him off. Especially if you said something he didn't agree with...so CSW must definitely be him...

....not.

yes in case you were wondering this was sarcasm
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November 13, 2018, 06:17:39 PM
Merited by BobLawblaw (1)

Whats with the hats?

 There's only one way to find out...



Avatar-sized




N.B. There are of course more ways than one but that wouldn't be very dramatic Wink
DaRude
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November 13, 2018, 06:24:51 PM
Merited by LFC_Bitcoin (4), vapourminer (1)

If anything I see the BCH fork as bullish for bitcoin. People are presumably going to either cash out their shit fork coin to fiat or/and convert it to bitcoin.

I think we’ll see the bitcoin price go up on the day or a few days after their fork.

Well bcashABC and bcashSV is a closed system, so them exchanging their alts for each other, from the outside, is a zero sum game. Now the big question is inflow/outflow from the outside capital. Do you expect the loosing side just simply watch as they're loosing or do you think they'll try to put up defense and prop up their side? Both sides have their reserves in BTC, so i don't think it's unrealistic to expect them to burn through their BTC stashes to support their side. That's why after the fork the sum value of both chains is usually higher than the initial chain, as both sides brought in outside capital to prop up their visions. I think CSW already proved that he's willing to burn money on hash rate when mining his useless chain, and i don't believe he's a complete idiot, so he'd also need to prop up the value of his chain at some peg as well. But i believe that was already going on as both sides were planning for this and have been gradually cashing out their BTC in preparations for this event. Thats why BTC has been trading sideways for last few months.

But in any case this is good news for BTC, the more those geniuses reduce their BTC stashes fighting each other the more irrelevant they become to BTC.

tl;dr  maybe a bit more short term sell pressure on BTC while both sides deplete their BTC reserves in the last battles of the bcash war
bitserve
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November 13, 2018, 07:02:49 PM

Oh well, Bitcoin is deader now.

Let's just hope those insane Bcashers deplete their Bitcoin reserves soon.
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November 13, 2018, 07:03:33 PM
Merited by 404Revolution (1)

Whatever.  Lightning is a 100% completely permissioned ledger, which gives some merit to on-chain scaling and larger blocks, but transaction validators in standard bitcoin are designed to centralize too where there's always going to be only like 2-10 of them, so neither bitcoin, bcash, or lightning has any reason to exist compared to physical metals.  

Shitcoins = built-in middlemen and only morons and scammers claim there aren't.  If you want to move any coin at all, you're forced to pay a ransom fee to a centralized miner and also ask him permission if he's going to even allow you to do so at all with govt enacted blacklists regulating those centralized miners on top of that.
bitserve
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November 13, 2018, 07:07:53 PM

Same old. Same old. FFS.
Last of the V8s
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Be a bank


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November 13, 2018, 07:12:58 PM

It's over.
Spaceman_Spiff_Original
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November 13, 2018, 07:13:58 PM

We cap-pitulated
Nice one !
jbreher
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November 13, 2018, 07:16:24 PM


Oh stop it. We've hat enough.
goldkingcoiner
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November 13, 2018, 07:25:31 PM

Altcoiners... You have to take your hat off to them.
xhomerx10
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November 13, 2018, 07:26:54 PM
Merited by vapourminer (1)

@xhomerx10
RE: hat

after much discussion with my cat, he has opined that his image cannot be smaller than any other image in the avatar. so having his image reduced to fit on a badge on a hat is out.

he will deign however to wear a genuine WO hat on his head though. will that be possible? a hat with the BTC logo for him to wear?

 In order to make the hat look its best inside the existing avatar, I had to use some techniques the make the original look... weird so I  will only post the finished avatar but this is created from an original WO hat.



Last of the V8s
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November 13, 2018, 07:40:51 PM

...or...

CSW is about to employ mad ninja judo skillz, to redirect bitmain's hash power to stall the BTC chain. Perhaps. (?)

In terms of known hash power, Bitmain's dwarf's CSW's - at least when you include that currently devoted to BTC. However, CSW has always had enough hash power to achieve his objective.
At the 2017 Aug fork, he had enough to mine the first blocks ensuring the viability of the BCH chain.
In the last few days, his hash power has ballooned to large majority for SV on the BCH chain.
Does he hold more in reserve? How much?

We know Bitmain holds a lot of BCH. This would indicate a commitment to ensure the ongoing viability in BCH. They currently advocate ABC. If they retain that commitment, things could get interesting.

CSW has indicated his intent to bury the ABC fork under the SV fork. In the case that he controls previously-unimagined hash power, currently in stasis...

CSW could deploy just enough hash power to indeed 'bury' the ABC fork. If Bitmain stays committed to the ABC fork, they would need to redirect hash power from BTC to BCH/ABC. Assuming again that CSW has quasi-unlimited hash power in reserve, he can continue to deploy additional hash power to keep ABC buried. In order to ensure the continued viability of ABC, Bitmain would need to redirect yet additional hash power from BTC to BCH. Bitmain in this manner could possibly be drawn into redirecting most or all of its hash power from BTC to BCH.

If Bitmain's hash power is redirected from BTC to BCH, what happens to the BTC chain? Is this enough to stall the chain? When is the difficulty retargeting?

If enough hash power is pulled from the BTC chain, this will slow down tx processing appreciably. This could be accompanied by a large volume of small-value txs (sometimes referred to as 'spam txs'). The BCH community has already developed flooding tools used in the Gigablock Test Initiative. This combination could crowd other activity out of the chain, making it economically non-viable. The net result would be rendering the BTC chain useless for economic activity. If sustained, possibly followed by chain death.

I am not attaching any sort of probability to the above scenario. But it is an interesting thing to think through.
thanks
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