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Question: Sept. 21 Closing Price:
$0 - 3 (3.4%)
<$8,000 - 4 (4.5%)
$8,000-$8,500 - 1 (1.1%)
$8,500-$9,000 - 1 (1.1%)
$9,000-$9,500 - 4 (4.5%)
$9,500-$10,000 - 6 (6.8%)
$10,000-$10,500 - 16 (18.2%)
$10,500-$11,000 - 18 (20.5%)
$11,000-$11,500 - 17 (19.3%)
$11,500-$12,000 - 6 (6.8%)
>$12,000 - 7 (8%)
>$20,000 - 5 (5.7%)
Total Voters: 88

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21371268 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. (106 posts by 21 users deleted.)
Dig Bicks
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November 14, 2018, 09:30:53 PM

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November 14, 2018, 09:31:18 PM

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.

That's ridiculous.

Now decentralization is not important?

That's not what I said at all. What I am trying to say is that decentralization is not the holy grail. Decentralization is merely a means to an end. Decentralization is valuable only in that it serves the ability to transact in a permissionless trustless manner.

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Seems like bitcoin's pow is of central importance in bitcoin

Absolutely. A principle that has never been tested in practice. A principle that is seemingly about to be demonstrated conclusively.
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November 14, 2018, 09:31:40 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

BCash DEF? BCash XYZ? BCash 123? BCash Phoenix?  BCash SS (Slim Shady... get it?)

But then what if that too gets forked? Oh noes...it could go on, and on, and on, and...

BCash Phoenix.. LOL  Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy..

I believe BTrash i still open.
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November 14, 2018, 09:32:17 PM

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.

Yeah... tell the whole fucking world.    Roll Eyes Roll Eyes  You know everyone reads this thread, and wants to know what you are doing.  Right?


There goes your Opsec.    Shocked  Sucks to be you.  Tongue Tongue
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November 14, 2018, 09:32:28 PM

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.

Not bad. However...

Fungibility is not a binary property. It is a sliding scale. USD are not perfectly fungible. Is USD -- even in tangible form -- not cash?

Physical USD is fungible enough for most intents, and beats BTC in that area.

(BTW I just deleted your double post)
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November 14, 2018, 09:32:46 PM

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

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

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.

https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Ok. Where do you think that hashrate increase is coming from? They were previously mining BTC? Is it rented hashpower?
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November 14, 2018, 09:33:45 PM

Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.
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November 14, 2018, 09:35:53 PM
Last edit: November 14, 2018, 09:58:15 PM by RivAngE
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People wondering what's happening today, are confusing decentralised governance with decentralised prices.
Most coins have decentralised governance by their nature, but it'll take some more years until BTC becomes price-decentralised; right now few people control a lot of wealth and there's not enough liquidity to support the price, one whale can manipulate it as they want it.

As for today's fall, I don't believe Dr. Clown did it, he most likely wanted to make people FEAR that he might have tanked the market and that he has the power to do it again, that's why he tweeted this (https://twitter.com/ProfFaustus/status/1062751765601361923) AFTER the price had fell.
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November 14, 2018, 09:37:08 PM
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Can't wait until BCash SV gets forked. Wonder what they'll name it?

Bitcoin Cash.

Nah, that name's been taken.

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.
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November 14, 2018, 09:37:29 PM

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

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

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.

https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Ok. Where do you think that hashrate increase is coming from? They were previously mining BTC? Is it leased hashpower?

Well, it is a fascinating question. And one to which I have no ready answer. I can imagine a number of possibilities, but they'd all be idle speculation.

It is interesting how close to a BTC difficulty change the BCH fork and hash battle is occurring however. Provocative.
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November 14, 2018, 09:38:37 PM

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.

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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.”


Who gives a ratt's ass what SEC finds or says or approves or disapproves?
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November 14, 2018, 09:39:55 PM

Craig Wright is tweeting literally every 10 minutes tonight


Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.

In mid to late 2019, I will explain it.

It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

Sorry. You allowed Core to kill BTC.

I did try and stop you.
Fuck the lying bastard.

He has a history of breaking his promises.

Years ago he promised to transfer Bitcoin from “an early block” to prove he's Satoshi. He never did.

He's taking the piss expecting people to believe his new bullshit.
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November 14, 2018, 09:40:21 PM

I dont care whether CSW, Jihan or Cobra wins the hash battle.

One Bcash shitcoin is much like another.  

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November 14, 2018, 09:42:10 PM

3 day RSI hit 30 then it seems to have rebounded a little.

calling the bottom, at least for now.  I voted for below 6000 by close but not sure now.
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November 14, 2018, 09:42:19 PM

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?
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November 14, 2018, 09:49:14 PM

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.

I appreciate everything that you explain here regarding your thinking, but still why do you believe that it is accurate to respond with a statement that ABC will fork blah blah blah... You really think that the fork is close to 100% when it has not happened yet?  Why don't you at least suggest that my 75% estimate is pie in the sky or something like that... Even if you said 95% likely, that would be much more reasonable, and I might even move a bit upwardly off of my 75% stab in the dark... but going above 95% just seems too absolutist, especially when we already know that the players involved in this are not very many and many of them are disingenuous pumpers, shit talkers and shit stirrers (did I say greedy, too?)... and I don't know why we should trust them for what they say.. even if they are flashing supposed mining power, will power, resoluteness and/or other kinds of possible abilities to follow through.
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November 14, 2018, 09:50:19 PM

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November 14, 2018, 09:54:20 PM

Who sold at the bottom?
Jihan, Ver, or CSW?
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November 14, 2018, 09:55:10 PM

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

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November 14, 2018, 09:55:33 PM

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?
If they do they fuck up their IPO, that would already be showing that they're willing to not follow thekr best interest or interest of investors due to a pissing contest.
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