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

[gentlemand]

Gizzer? You mean geezer?

Nope. Gizzer. With a hard G. Fly into Heathrow, say 'speed up, gizzer' to the immigration geezer and relish the reaction.

[QuestionAuthority]

Gizzer? You mean geezer?

Nope. Gizzer. With a hard G. Fly into Heathrow, say 'speed up, gizzer' to the immigration geezer and relish the reaction.

Learn something new everyday.

[HairyMaclairy]

I have spent much time doing my own investigation and came to the conclusion that I don't have enough information to predict with absolute certainty the best path forward in the long term, so I choose to keep all forks.

Given the lack of faith you have in your own mental faculties, you should not be surprised when others call you a retard.  

Obvious scam forks are obvious scams.  If you cannot figure that out, so be it. 

[bones261]

The crypto scene is the most "group think" thing I have ever encountered. Most of it stems from reddit, which is an easy-to-manipulate hive mind. There are even busineses that attempt to sway opinion using paid shills.

LOL, if you hang out here long enough, it will become abundantly clear that there is a multitude of alternative and conflicting opinions expressed here. I mean look at r0ach. A good portion of his posts are definitely not popular, yet a good portion of his posts remain. The moderation on Bitcointalk is actually quite light compared to reddit. Both the btc and Bitcoin thread there appear to be echo chambers.

[QuestionAuthority]

Speaking of trilema, what ever happened to Mircea Popescu?

[HairyMaclairy]

Oopsie.  5M charts for fun and profit.  






... this is a joke.  I don't chart 5M.

[bitserve]

Oopsie.  5M charts for fun and profit.  

Those look like random lines there Hairy.

[kromer]

The crypto scene is the most "group think" thing I have ever encountered. Most of it stems from reddit, which is an easy-to-manipulate hive mind. There are even busineses that attempt to sway opinion using paid shills.

LOL, if you hang out here long enough, it will become abundantly clear that there is a multitude of alternative and conflicting opinions expressed here. I mean look at r0ach. A good portion of his posts are definitely not popular, yet a good portion of his posts remain. The moderation on Bitcointalk is actually quite light compared to reddit. Both the btc and Bitcoin thread there appear to be echo chambers.

The only thing I notice here is that everyone seems to hate BCH with a passion. It's understandable. If only there were one single definite strategy for scaling Bitcoin and maintaining decentralization, and therefore no need for multiple competing implementations. Then people wouldn't feel like they have to pick sides and defend their choices like their future depended on it.

[xhomerx10]

Speaking of trilema, what ever happened to Mircea Popescu?

I heard he got stranded on a deserted island.

[JayJuanGee]

some of the big block arguments resonate with me.

Retard

The typical ad hominem response I was expecting. It just proves my point about group think.

Seeing as I am a leftie, I will make it more PC for you.  Differently abled.

Retard or retarded is much better and more descriptive about what is really meant.

I'm retarded for keeping an open mind?

Your position is not an open mind, even if you are trying to present the position as such.. largely for the reasons that I already outlined.. and there may even be some other reasons.. but does not seem necessary to go down that path because it remains your burden to back up your bullshit, nonsense, retarded, position with facts and logic rather than my burden to show why you seem to be lacking (assuming that you really mean what you say rather than either being a paid shill, alt coin pumper or a disingenuine troll).

[HairyMaclairy]

Those look like random lines there Hairy.

Thatsthejoke.com  

Edit:  But if it was real TA, it would be predicting the failure of the break out.  

[bitserve]

Those look like random lines there Hairy.

Thatsthejoke.com

Babies are dying because of you joking.

[realr0ach]

I have spent much time doing my own investigation and came to the conclusion that I don't have enough information to predict with absolute certainty the best path forward in the long term, so I choose to keep all forks. I am a long term holder with no intention to ever sell my coins.

Don't bother arguing with these fools as 99% of them are too lazy to have done any due diligence themselves and just hope that someone else will work on bitcoin and it will somehow make them rich.  From memory, when I did the estimates way back in the day, I think I came up with bitcoin needing 8 MB blocks in the long run to function as a global settlement system where transactions of around $10k or more are viable.

Is 2 MB blocks + LN equal or better to that?  No.  LN is an even more centralized, more permissioned version of bitcoin where they seek to transfer all consumer payments to.  So you theoretically CAN transfer most bitcoin traffic there, but LN doesn't actually have anything in common with bitcoin in the first place.  It's a totally different system.  It's like replacing bitcoin with bitshares and pretending it's the same thing.  But when it comes down to it, bitcoin transaction validators are designed to centralize, nullifying any reason for it's existence, so there's no point in even discussing building any 2nd tier layers on it.

Discussing LN vs bigger blocks is like discussing what color to paint the Titanic.  It's 100% impossible to create a decentralized digital currency where transaction validators don't centralize.

[kromer]

some of the big block arguments resonate with me.

Retard

The typical ad hominem response I was expecting. It just proves my point about group think.

Seeing as I am a leftie, I will make it more PC for you.  Differently abled.

Retard or retarded is much better and more descriptive about what is really meant.

I'm retarded for keeping an open mind?

Your position is not an open mind, even if you are trying to present the position as such.. largely for the reasons that I already outlined.. and there may even be some other reasons.. but does not seem necessary to go down that path because it remains your burden to back up your bullshit, nonsense, retarded, position with facts and logic rather than my burden to show why you seem to be lacking (assuming that you really mean what you say rather than either being a paid shill, alt coin pumper or a disingenuine troll).

I'm keeping my mind open about which strategy is best for Bitcoin in the long term, in terms of a complex mix of decentralization and scalability. I think that it is too early to say for certain, especially since I do not have a deep understanding of the Bitcoin codebase. For example, I couldn't explain to you right now exactly how SegWit works. So for this reason I keep all forks instead of making a guess or going along with the majority.

[HairyMaclairy]

Because I have nothing better to do than shit post 5 minute charts

[realr0ach]

https://dailystormer.name/alabama-black-friday-sale-on-bullets-through-your-muffuggen-skull-nigga/

[JayJuanGee]

some of the big block arguments resonate with me.

Retard

The typical ad hominem response I was expecting. It just proves my point about group think.

I really despise the term "group think." Has it ever occurred to you that perhaps the reason the most popular opinion is popular is because it is the most compelling? Although it is true that sometimes the most popular opinion is dead wrong, it doesn't mean that every popular opinion is dead wrong and that I should only accept "alternate" theories. Every argument has to stand on its own merits.

The crypto scene is the most "group think" thing I have ever encountered.

Yeah because you seem to be seeing what you want to see, and then latch onto what you supposedly see in order to spin the nonsense to mean something more than it does.  You surely are acting like a great independent and critical thinker.  I am so proud of you, and grandma must be proud, too, that you are growing up so BIGGIE and so fast.

Most of it stems from reddit, which is an easy-to-manipulate hive mind.

This is not reddit... so who gives a shit.  Why don't you talk about your own non-backed up arguments rather than accusing others as having group think when you have not even made any kind of significant or meaningful point, beyond spouting out some talking point that you had heard on bitcoin.com.

There are even busineses that attempt to sway opinion using paid shills.

Again.. who gives a shit?  Of course, there are going to be paid shills, and you are spouting out some of their talking points in order to claim that such a thing exists... 

[d_eddie]

yup, looks still a bit bearish, but close to exhaustion at least for now.

I’m still short but have sharply deleveraged.  A short squeeze to $5k or even above is a real risk.

I see your point. I have cashed out part of it, and a short squeeze to 10k won't be able to upturn (liq) me.

[JayJuanGee]

I hate the word retarded. I prefer “special needs” or “developmentally disabled”.

Gizzer is all the word you need.

Gizzer? You mean geezer?

gentlemand is retarded because he failed and refused to learn to spell, and he got into bitcoin in the 3rd grade, defying all of his teachers.  

Edited:

Gizzer? You mean geezer?

Nope. Gizzer. With a hard G. Fly into Heathrow, say 'speed up, gizzer' to the immigration geezer and relish the reaction.

Oh fuck.. I've been schooled by someone who I had prematurely concluded to be retarded (I am so embarrassed by the direction of my attempt to joke)...    

[d_eddie]

These new accounts - newbs or not - are being a nuisance. The gentlemen here are restraining themselves quite a bit. Don't abuse our patience.