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

[jbreher]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

[1713508300]

1713508300

[infofront]

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

Yes, mostly useless. What do you think?

[Last of the V8s]

Who likes my BTC keyring

Only cheap from Amazon, I think it’s cool any way

impressive in many ways

[jbreher]

Whatever they do the exchanges will still call it Bcash ABC or whatever. They might think they're ditching the bcash name, but they're stuck with it.

Haha. You funny guy.

None of the exchanges that matter call Bitcoin Cash 'BCash'. What makes you think they'll start now? Proof of Social Media?

I know yobit calls it Bitcoin Cash, but exchanges that matter like cryptopia call it BCash.

Haha. cryptopia. You funny guy.

[El duderino_]

Ok, this is not funny anymore.

 

share your horror gif again that always does the reversal job

[HI-TEC99]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Because you aren't wearing a hat.

 Hey, I tried but that JJG amount of text in his avatar is no legible once shrunk to the proportions of the hat even with some creative text compression.

You could bodge it like this one that uses an animated png. However, you can probably only view the animated bit on firefox, or Chrome 59 and later.

[QuestionAuthority]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

[El duderino_]

here have a laugh at least

https://twitter.com/WhalePanda/status/1062739776242106368

[jbreher]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.

[LFC_Bitcoin]

Who likes my BTC keyring

Only cheap from Amazon, I think it’s cool any way

impressive in many ways

I’m out of sMerit but awesome watch man!

[BlackMambaPH]

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

Because you aren't wearing a hat.

I want to be a part of that hats avatar but I don't know what's going on!

[Elwar]

Ok, this is not funny anymore.

 

share your horror gif again that always does the reversal job

This time I had to pull out some this is the end shit...

"there were fatalities"

[jbreher]

I blame Bcash 

Umm... Ooohkaaay....

You blame Bcash for what?

The present state of the crypto markets .

But I thought that you thought that Bitcoin Cash was an irrelevancy?

At some future date, Bitcoin Cash will be the preponderance of the crypto markets.

[jbreher]

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?

It's hard to have "digital cash" without fungibility.

So if I can read between the lines, you are claiming that the fact that bitcoin is merely pseudonymous makes it absolutely non-fungible, and thereby absolutely useless as digital cash?

Yes, mostly useless. What do you think?

I think bitcoin has already proven itself to be useful as cash.

[JayJuanGee]

bItCoIn iS aLwAys bUlLiSh iN nOvEmBeR

If you really believe that there is such thing as an "always" (and "never") in bitcoinlandia, when talking about seasonal activity or price movement technicalities, then you seem to be wanting too much certainty and reading too much into an attempts to achieve black and white.  In other words, you seem to have a reading too much into it problema.   

[jbreher]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her.

I was just pointing out that theymos' blanket statement was erroneous.

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented.

[JayJuanGee]

lol i didn't post that theymos fud earlier because too fuddy and unsourced but w/e
his point is ok of course

That was my thinking as well when I first read it, but it was posted ~3 hours ago, before this crash. It strikes me as too much of a coincidence.

Certainly someone big believed or orchestrated it or both. But the TA and the trend also called for these ... dips.

Here's where we can discover that there is no one explanation.

In other words, manipulators can exacerbate a preexisting condition.

[jbreher]

Who likes my BTC keyring

Only cheap from Amazon, I think it’s cool any way

impressive in many ways

I’m out of sMerit but awesome watch man!

I guess. What time is it? How do you read it? Ain't got no hands!

[Ludwig Von]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.

What would be the meaning of "Peer-to-peer" ?

[DaRude]

So you back the SV camp?  

I have a slight preference for the SV branch of the fork, this is true. Emergent consensus on the block size, restore the original opcodes, eliminate churn of pie in the sky, dev driven, so-called 'innovation' with no proven value (more properly, 'lets throw it against the wall, and see if it sticks'). Check.

I could have lived with the ABC fork, probably. At least it would be free of The SegWit Omnibus Changeset trojan. But what with 'benevolent dictator' calling for preparing an emergency PoW change... just no fucking way.

Personally I think Monero is much closer to "Saatoshi's Vision" than anything CW has anything to do with...

I think you are way past cracked out. I like Monero as well. But I have no delusions of it being anything near closer to satoshi's vision. Make the case for me?