Hueristic
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Doomed to see the future and unable to prevent it
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January 16, 2019, 05:24:52 PM |
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A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.
Did you account for air drag, or did you only consider gravitational acceleration? At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate. just wrong Fatalities from falling bullets are all too frequent. The classic scenario is middle eastern wedding celebrations where falling lead kills a member of the party. Happens too much. Very true.
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Toxic2040
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Activity: 1792
Merit: 4141
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January 16, 2019, 05:26:34 PM |
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oh, was I being dense?
oops
+1 WOsMerit Pleasantly sarcastic, never dense jojo. Incompetent children rushing i.e. forcing a fork. #Decentralized smart contracts. Thanks for sharing, indeed a worthwhile tweet storm. Seen some of the quotes before, but interesting when all put together.
Whenever someone uses Satoshi's Vision as a counter argument you can automatically assume that they've lost. This is science, not a religion. The tweet storm was nicely written. +2 WOsMerit's Congrats on ranking up ! Thanks...wish I could say I had noticed. Probably need another cup of coffee to start feeling truly heroic. I appreciate your tour of HK's hotspots...ty. +1 WOsMerit -snipped-
It's impossible to completely keep up with this thread if you have any life and don't carry a tether (smart phone or whatever:not usdt).
qft +1 WOsMerit Satoshi's intent was privacy on the and chain that is paramount and a deal breaker in my mind if it is not included. BTC has not fulfilled that promise as of yet.
Your algo is unraveling..more back testing required. /s F*** off
+1 WOsMerit Repost of a classic chart (source unknown):
-img snipped-
wut dis? I suspect the answer might be in here. https://ellaurora.com/about-usGood morning -snipped- ___
Cool here in the jungle today. The locals call it "el norte" no matter which direction it blows in from. Not cold, just not hot.
It's still better than freezing in Toronto.
¡Buenas mañanas! Jimmie. Stay warm, stay thirsty my friend.
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Bitcoinaire
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January 16, 2019, 05:32:48 PM |
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Repost of a classic chart (source unknown): Leading up to halving price starts to move. Maybe it's different this time.
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JayJuanGee
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Activity: 3850
Merit: 10889
Self-Custody is a right. Say no to"Non-custodial"
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January 16, 2019, 05:43:40 PM |
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Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that! I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2 BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2 BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make to 30K-40K range by then. We shall see. I don’t think anybody here criticises fellow WO posters for increasing their stash no matter how big or small it is. Lots have more BTC than you but I guarantee lots have less too. Keep buying & we will be rewarded. Congrats to you on the sale & soon to increase your HODL pile Weeeeeee! There were quite a few people struggling to be included in the at least 1BTC club in late 2017 and early 2018, and recently, that at least 1 BTC club has has become easier to achieve entrance. Surely, there are a lot fewer members in the double digits and above club, so each of us has our own goals about how many BTC to accumulate and considerations of whether we can move our goals upwards once we achieve the lower goals. I have done so many times in my BTC experiences. I also had to move my goal downwards after a fairly extensive hack (related to phone porting) that occurred for me in early 2017.
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Hueristic
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Doomed to see the future and unable to prevent it
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January 16, 2019, 05:46:51 PM |
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I don't think anyone cares about Bakkt one way or another at this point.
What ever happened to everyone who was pouring their tiny hopes into bakkt and etf bringing about the early 2019 bullrun? Y hopium gone? Hopefully we will lose everyone that is hoping for institutions to control anything BTC related. I am of the opinion that KYC (clamps on fiat portals) and CBOE/CME (derivatives on non existent coins) are 2 of the biggest threats BTC faces.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 16, 2019, 05:47:14 PM |
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^ @these prices, you Made a good deal
In a foreseeable future.... take your time and look back to Posts as these “reminder of what a great buy you Made right here”
I hope I won't regret it later about my bitcoin purchase. Do you have any specifics to share?
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JayJuanGee
Legendary
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Activity: 3850
Merit: 10889
Self-Custody is a right. Say no to"Non-custodial"
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January 16, 2019, 05:48:55 PM |
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Isn't it almost incredible how far the ATH or even $10K+ seems about now?
To the contrary, $10k seems incredibly near. Especially knowing that Bitcoin is still in it's infancy. Don't say that! I'm buying a house, I've nearly stopped my accumulation for 3 months. Only putting my forum earning on the side. Once the moving is over I'll start accumulating again! Give me a few months left under 4k pleaaaaaaase Yeah, we all need to wait and suffer in order that you can buy an additional .1BTC.
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Hueristic
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Activity: 3948
Merit: 5370
Doomed to see the future and unable to prevent it
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January 16, 2019, 05:52:56 PM |
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Incompetent children rushing i.e. forcing a fork. #Decentralized smart contracts. Thanks for sharing, indeed a worthwhile tweet storm. Seen some of the quotes before, but interesting when all put together.
Whenever someone uses Satoshi's Vision as a counter argument you can automatically assume that they've lost. This is science, not a religion. The tweet storm was nicely written. +1 WO Not unexpected, but perfectly acceptable for micro payments. Weeee! I just got paid $4300 for the inherited land. It was double than what I expected because of some error in my favour of the parameters in the documents. Now waiting for the money to arrive at CB. Then with no hesitation I will hit the button for a direct buy, I love to do that! I know that this sum is ridiculously small for many in this forum, but I am happy to increase my modest low 2 digit stash with 2 BTC in a month. At these prices I could buy with my fucking salary in the shittiest country in the world only 2 BTC in a year! My decision has always been to ignore the market pumps and dumps (I am not that good to predict esp. the dumps) and wait 2-3 years for my first sale. I hope to be able to buy a villa at the beach with part of my stash by then. I still have a firm belief that we will make it to 30K-40K range by then. We shall see. That is the best plan. IOU +1sM
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JayJuanGee
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Activity: 3850
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Self-Custody is a right. Say no to"Non-custodial"
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January 16, 2019, 05:57:47 PM |
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Repost of a classic chart (source unknown): Whoaza!!!!! I am not sure if I like that, even though logically it makes a decent amount of sense. The $160k in August 2023 seems like decently acceptable, but then again, by August 2023 we are going to be coming close to the 2024 halvening, which will likely be in early 2024 (meaning before May).
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Arriemoller
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Cлaвa Укpaїнi!
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January 16, 2019, 05:58:29 PM |
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I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. No that is untrue, an emission is a necessity for a currency that's goal is use and low volatility for a plethora of reasons while a cap is good for a SOV which Btc is. Endless emission means no value, this is, literally, economics 101. No value means that it is useless. Those guys might be good coders but they know absolutely nothing about economics. But don't take my word for it, just wait until their wishes meets reality.
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kurious
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January 16, 2019, 06:00:42 PM |
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Repost of a classic chart (source unknown): Leading up to halving price starts to move. Maybe it's different this time. Looks different.. It has hit the '3000 in October 2019' level way earlier than that chart shows. So 2023 looks pessimistic, but we will find out in time. I think the price will be significantly above where we are now by autumn this year. No ATH, but higher by a good deal. New ATH? Sometime between late 2020 and late 2021, if the relationship to the halving and the roughly four year cycle holds. YMMV.
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Arriemoller
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Cлaвa Укpaїнi!
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January 16, 2019, 06:03:26 PM |
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Hmmm, won't be long before they start forcing KYC as well. Time to stop being lasy and get some cold storage going and get excess funds off of there. I hate fighting with the printer, only use it once a year or so and those cartridges drive me batty. Did you account for air drag, or did you only consider gravitational acceleration?
I took an average pebble out my garden. It weighs 10 grams and has a mean diameter of about 20 mm. If we assume it were perfectly spherical with a drag coefficient of 0.47, travelling through air with standard density of 1.225 kg/m^3, and plug the figures into the formula for terminal velocity we get: sqrt((2*0.01*9.81)/(1.225*(3.14*0.01^2)*0.47)) = 33 m/s or 119 km/h. If we pipe that into E = 1/2*m*v^2 for energy, we get ~5.5 J or ~4 ft-lb. Or in other words, I need Bitcoin to do something exciting. Perfectly spherical bullets are way different to regular bullets that end up tumbling as soon as they lose the rotational speed with a way higher air drag. Much of the penetration of a regular gunshot is thanks to its rotational speed. That's why pipeguns are not that effective, even at very short distance, unless properly directed against unprotected vital points (neck, eyes, temple, etc). To the mooooooon!!! weeeeeeeeee WO is a surprise box. I share this hobby, sports shooting, it seems that they understand a lot about ballistics. Oh, past year I decided to cancel/not renew my "sports shooting" license and sell my firearms. Now I am an officially unarmed civilian It was already pretty boring and expensive hobby with all the increasing legislation, requirements and taxes. I envy our American friends in the gun regulations. Of course, United States is different. Yup, Cops stole all my guns, different. Would you like to share with the rest of the class?
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Arriemoller
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Cлaвa Укpaїнi!
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January 16, 2019, 06:08:47 PM |
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Well, if it's infinite it won't be worth anything. That's Economics 101.
No it's not, that is a common misconception, deflationary emission can create security as well as lower volatility. There is no reason a currency should not restore lost or destroyed coins except to create a system that creates rarity of those coins and that is a SOV type system which has not been proven to be secure as of yet. Standard economic models do not apply to crypto as they do not take the cost of the security of the currency into account. Yes they do, they apply to everything that can be bought and sold.
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BitBustah
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January 16, 2019, 06:12:42 PM |
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The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.
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wachtwoord
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January 16, 2019, 06:16:22 PM |
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The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.
Have fun forking into oblivion.
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Last of the V8s
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Be a bank
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January 16, 2019, 06:17:54 PM |
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Hueristic
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Activity: 3948
Merit: 5370
Doomed to see the future and unable to prevent it
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January 16, 2019, 06:36:27 PM |
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^ @these prices, you Made a good deal
In a foreseeable future.... take your time and look back to Posts as these “reminder of what a great buy you Made right here”
I hope I won't regret it later about my bitcoin purchase. This will turn out to be one of the best decisions you ever made.
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Hueristic
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Activity: 3948
Merit: 5370
Doomed to see the future and unable to prevent it
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January 16, 2019, 06:47:36 PM |
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Satoshi's intent was privacy on the and chain that is paramount and a deal breaker in my mind if it is not included. BTC has not fulfilled that promise as of yet.
Your algo is unraveling..more back testing required. /s Hah, lack of coffee and no proof reading before posting got me a little dyslectic there. Thx, fixed. And I elaborated as well. Satoshi's intent was privacy on the chain and that is paramount and a deal breaker in my mind if it is not currently included. BTC has not fulfilled that promise as of yet and a second layer solution is not acceptable.
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Hueristic
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Activity: 3948
Merit: 5370
Doomed to see the future and unable to prevent it
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January 16, 2019, 06:53:19 PM |
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I don’t know that you could port Bitcoin onto Grin. So it is a threat. But their monetary policy is fuxxed. Big mistake having an endless emissions. Same trap Monero fell into. So that significantly reduces the threat. No that is untrue, an emission is a necessity for a currency that's goal is use and low volatility for a plethora of reasons while a cap is good for a SOV which Btc is. Endless emission means no value, this is, literally, economics 101. No value means that it is useless. Those guys might be good coders but they know absolutely nothing about economics. But don't take my word for it, just wait until their wishes meets reality. The Bolded is patently false and your premise and therefore your argument is based on a false premise and not substantiated. Would you like to share with the rest of the class?
Nope /OpSec ...even though this account is not actively hidden
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rebal15
Jr. Member
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January 16, 2019, 06:53:25 PM |
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Repost of a classic chart (source unknown): no sense.
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