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.

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.

Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like.

Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b.

Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton?

Both born into it. What's your point?

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[d_eddie]

"Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?"

https://youtu.be/4TOnHAlI_Vg

WTF? I hope it's just Craig Wright talking out of his ass...

CSW's whole thing is to exploit how people tend to believe that things aren't total lies. So when he says he's Satoshi, people think "Well, I don't believe he's Satoshi, but maybe he knew Satoshi". Or "He failed to destroy BTC with mining power like he said he would last year, but maybe he still actually has a bunch of mining capacity hidden away somewhere." Or "There's no technical way for him to irrecoverably screw with SegWit transactions, but maybe he found some bug somewhere."

But really he's completely full of shit; the vast majority of claims he makes are complete lies from front to back. (And often just a tiny bit of research will make this obvious.)

If he had an exploit to take down Bitcoin (BTC) he would use it today. Why wait for months before using it?

As Theymos said, he's full of shit.

[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" ?

Transacted without need of middleman.

And isn 't that what requires decentralisation?

[JayJuanGee]

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

Get out of here with "you people".


NO one can really fight momentum... and it does not matter how BIG of a player you are or if you have a passion, when the momentum is moving against you, then such momentum has to just play out for a bit....

[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

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.

Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like.

Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b.

Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton?

Both born into it. What's your point?

Bitcoin is easy to control.

SEC disapproval of Winklevoss ETF:

“The Winklevoss ETF proposal was rejected because the SEC found that the significant markets for Bitcoin tend to be unregulated overseas markets that are potentially subject to price manipulation.”

[Spaceman_Spiff_Original]

"Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?"

https://youtu.be/4TOnHAlI_Vg

WTF? I hope it's just Craig Wright talking out of his ass...

CSW's whole thing is to exploit how people tend to believe that things aren't total lies. So when he says he's Satoshi, people think "Well, I don't believe he's Satoshi, but maybe he knew Satoshi". Or "He failed to destroy BTC with mining power like he said he would last year, but maybe he still actually has a bunch of mining capacity hidden away somewhere." Or "There's no technical way for him to irrecoverably screw with SegWit transactions, but maybe he found some bug somewhere."

But really he's completely full of shit; the vast majority of claims he makes are complete lies from front to back. (And often just a tiny bit of research will make this obvious.)

Honestly, each time I notice some people still believing this guy, it make me lose a sliver of hope for humanity...

[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.

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

Agreed. So make the case that requirement is part of 'satoshi's vision'.

[infofront]

"Craig Wright says he has an exploit to take down Bitcoin (BTC) by end of 2019. Does he? Or all talk?"

https://youtu.be/4TOnHAlI_Vg

WTF? I hope it's just Craig Wright talking out of his ass...

CSW's whole thing is to exploit how people tend to believe that things aren't total lies. So when he says he's Satoshi, people think "Well, I don't believe he's Satoshi, but maybe he knew Satoshi". Or "He failed to destroy BTC with mining power like he said he would last year, but maybe he still actually has a bunch of mining capacity hidden away somewhere." Or "There's no technical way for him to irrecoverably screw with SegWit transactions, but maybe he found some bug somewhere."

But really he's completely full of shit; the vast majority of claims he makes are complete lies from front to back. (And often just a tiny bit of research will make this obvious.)

If he had an exploit to take down Bitcoin (BTC) he would use it today. Why wait for months before using it?

As Theymos said, he's full of shit.

I think he's rallying the troops. "Death to BTC" is a popular bcash warcry.

[HairyMaclairy]

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

Can you explain why the whole market is dropping because of a coin that no one give a f about it? A coin in which two children are fighting lol

It’s just a story.   Every dump needs a story to scare the plebs

[cAPSLOCK]

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?

Well, fungibility, dynamic blocksize, and the absence of manipulative anti-cypherpunk megalomaniac.

I didn't say it was satoshis Vision. I said it was closer to it. The simple absence of Craig Wright nearly fulfills that.

[jbreher]

The market is actually betting that CW is Satoshi, basically.

Not me. I'm betting on the demonstrated hash power that SV has amassed. Why so many ignored such an obvious signal is beyond me. More grist for the 'most people are basically irrational' mill.

Why you think this is dependent upon CSV being Satoshi is a mystery.

I will still believe it when I see it... meaning the actual fork.  This pre-fork pump and dump may be much more profitable than actually following through with an actual fork.  Let's see it... let's see it.  I still remain skeptical... is it 75% likely now, rather than $70% likely.. that still leaves a 25% chance that such stupid ass fork won't happen.

Hmm. I had been hoping for a kumbaya moment. But now that it seems clear that ABC will the minority fork -- to the point where it becomes an economic non-factor -- I am happy for split to occur. I quite prefer the structure of SV over ABC. What with it being essentially 'the original bitcoin minus some coding errors'.

So SV adopts the mantle of The Real BCH as a stepping stone to eventually becoming The Real Bitcoin. Cool. I can live with that.

[HairyMaclairy]

Cryptowinter running on schedule. 




Bottom red line is crypto winter trend line broken.



Tether a bit fucked too.

[HI-TEC99]

Central bank coin coming soon.

https://www.cnbc.com/2018/11/14/central-banks-should-consider-issuing-digital-money-imf-boss-lagarde.html

IMF Managing Director Christine Lagarde said central banks should "consider the possibility to issue digital currency" in a speech in Singapore on Wednesday.

[d_eddie]

What the fuck is this?

People converting BTC into BCH so they can claim free shit fork coins tomorrow?

Doesn't appear to be the case. True, BTC is down. But BCH is down more ATM. BTC/SV, however, is up considerably.

The market is actually betting that CW is Satoshi, basically.

Not me. I'm betting on the demonstrated hash power that SV has amassed. Why so many ignored such an obvious signal is beyond me. More grist for the 'most people are basically irrational' mill.

Why you think this is dependent upon CSV being Satoshi is a mystery.

I will still believe it when I see it... meaning the actual fork.  This pre-fork pump and dump may be much more profitable than actually following through with an actual fork.  Let's see it... let's see it.  I still remain skeptical... is it 75% likely now, rather than $70% likely.. that still leaves a 25% chance that such stupid ass fork won't happen.

That is quite possible, and I've been considering this outcome too. That's why I want to be flat (out of the market) before the shitshow scheduled time - well, except for my historical, suffering long.

I'd merit you again, except I already spent some on you, and I am reluctant to shell out to legends, who really don't need the stuff.

[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?

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

Bitcoin has also already proven itself to be useful to the FBI and IRS in helping them track transactions.

I'll just say that if I wanted to hide money from the tax authorities, buy contraband without physical cash, or just keep my economic activity private, I'd be using Monero.

Agreed. So make the case that requirement is part of 'satoshi's vision'.

Fungibility is a fundamental and desirable property of cash - even electronic cash. If Satoshi's vision was "electronic cash", we cannot have that with a completely transparent, public blockchain and non-fungible units of currency.

[Phil_S]

Big fight for 5500!

[LFC_Bitcoin]

$5,500 on Stamp  

[cAPSLOCK]

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

Another reason for my earlier claim (which I won't repeat out of respect for the thread).

The days of CPU power mattering in Bitcoin mining are long gone. I don't think Satoshi really included Asics and mining centralization in his vision. So a project that actually is CPU mineable may also conform more closely to his vision.

[El duderino_]

$5,500 on Stamp  

[rafanadal]

and we're in the 5400s