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

[infofront]

https://twitter.com/HeyTaiZen/status/1113280234915160064

*cough* Parabolic Trav *cough*

Huh?   Is that person "Tai Zen" known as "Parabolic Trav"?  Because I just quoted that tweet in another thread.. maybe I made a mistake to quote a troll/shill? that I should attempt to clarify before I get my nuts handed to me in a paper bag ?  

No, it just seemed like that guy's quote could apply to Parabolic Trav. His bitch ass just reappeared today

https://twitter.com/parabolictrav

[Biodom]

Investments would be taxed on a yearly basis (proposal)?
https://www.bloomberg.com/news/articles/2019-04-02/top-senate-democrat-touts-annual-capital-gains-tax-ahead-of-2020

Bitcoin might help, since it is not a security, but personal property and/or commodity (depending on where you live).
Perhaps that 100mil fella was just an early bird?

[JayJuanGee]

https://twitter.com/HeyTaiZen/status/1113280234915160064

*cough* Parabolic Trav *cough*

Huh?   Is that person "Tai Zen" known as "Parabolic Trav"?  Because I just quoted that tweet in another thread.. maybe I made a mistake to quote a troll/shill? that I should attempt to clarify before I get my nuts handed to me in a paper bag ?  

No, it just seemed like that guy's quote could apply to Parabolic Trav. His bitch ass just reappeared today

https://twitter.com/parabolictrav

O.k.. fair enough.. I liked the Tai Zen quote, and I have only heard about Parabolic Trav in passing, so I don't know too much about that character.. except impressions that I have gotten from the opinions of others.

[JayJuanGee]

Investments would be taxed on a yearly basis (proposal)?
https://www.bloomberg.com/news/articles/2019-04-02/top-senate-democrat-touts-annual-capital-gains-tax-ahead-of-2020

Bitcoin might help, since it is not a security, but personal property and/or commodity (depending on where you live).
Perhaps that 100mil fella was just an early bird?

That's ridiculous, and hopefully nothing like that passes.. it seems overly draconian, and would cause a need to counter-adjust in a lot of other areas..

[Biodom]

Investments would be taxed on a yearly basis (proposal)?
https://www.bloomberg.com/news/articles/2019-04-02/top-senate-democrat-touts-annual-capital-gains-tax-ahead-of-2020

Bitcoin might help, since it is not a security, but personal property and/or commodity (depending on where you live).
Perhaps that 100mil fella was just an early bird?

That's ridiculous, and hopefully nothing like that passes.. it seems overly draconian, and would cause a need to counter-adjust in a lot of other areas..

With 1 tril yearly deficit, the need to ID new revenue sources is pressing (in those circles), I would say.
Not looking forward to seeing that proposal, but it simply cannot exist in current conditions where you have just 3K allowance yearly for losses.
What if they taxed someone one year based on 100mil in assets (hypothetically) and next year, his assets are worth 20mil.
They would have to pay him back (paying 3K would be laughable) and I don't see how they can, making the whole affair largely academic.

[jojo69]

That's ridiculous, and hopefully nothing like that passes.. it seems overly draconian, and would cause a need to counter-adjust in a lot of other areas..

Not just ridiculous, but demonstrably impossible.  The government would have to track the value of all assets.  Wyden has a lot of good things to say, but he is embarrassing himself here.

[HairyMaclairy]

mistakes were made

Not gonna say I told you so

[jojo69]

Is one last retarded alt pump too much to ask?

I swear to trod the narrow path from here on.

[nanobtc]

I hope this pump doesn't frighten the Gox lawyer into dumping vast amounts. BTW, when he does that, what happens to the bcash that was there?

[HairyMaclairy]

That's ridiculous, and hopefully nothing like that passes.. it seems overly draconian, and would cause a need to counter-adjust in a lot of other areas..

Not just ridiculous, but demonstrably impossible.  The government would have to track the value of all assets.  Wyden has a lot of good things to say, but he is embarrassing himself here.

It’s entirely possible.   If you are a traitor, all of your trading assets are valued at year end and the gain or loss is applied against your income.  This simply extend that rule to investors.

However it’s crappy tax policy, because all investors will simply classify themselves as traders. And most investors in some years lose more money than they make – so the policy will end up costing the IRS more than it brings in in the long term.

As a socialist, this is a dumb idea.

[JSRAW]

https://twitter.com/HeyTaiZen/status/1113280234915160064

*cough* Parabolic Trav *cough*

Huh?   Is that person "Tai Zen" known as "Parabolic Trav"?  Because I just quoted that tweet in another thread.. maybe I made a mistake to quote a troll/shill? that I should attempt to clarify before I get my nuts handed to me in a paper bag ?  

No, it just seemed like that guy's quote could apply to Parabolic Trav. His bitch ass just reappeared today

https://twitter.com/parabolictrav

And a good amount of shillers and almost everyone who comes up with Chart during a bull run ( include every pump tg channel too). there is saying that "Toads love to come out in the rain" and in my desi langauage we called them " barsati mendak"

@JJG  I interacted with him many times and this Tai Zen dude seems very legit to me and he's very down to earth guy too.

[jbreher]

Though if you really want to take the security and usability hit of using Layer 2, there is always the option of using an exchange.

Not your keys, not your coins. Keeping coins on exchanges is not an argument.

Except, of course, that exchange trades are an example of Layer 2 trades. I'm not making an argument, I'm answering your question. You asked what Layer 2 solutions existed for the other forks of Bitcoin, so for the sake of answering your explicit question...

What security hit ?

Lightning is replete with security tradeoffs. Worth it for some, intolerable for others.

How does SV base layer handle instant payment verification with double spend protection -

Near-instant? Statistically. Amazing the things that work with five-nine's determinism when blocks are big enough to swallow all transactions generated.

1 block per 10 minutes ?

For an absolute, yes.

Even Bitcoin does not do this, without Lightning.

BTC doesn't do this, with Lightning.

[jbreher]

When page parity?

Dunno.

I'm shooting for post count parity some time in 2024.

Whoaza, jbreher... that is a pretty damned conservative timeline, but hey I don't have any problem(s) with either conservative thinking or preparing for conservative outcomes.

Post count.

We get page count next year.

[JSRAW]

Functions of Money: MoE, UoA, SoV

Bitcoin
✔medium of exchange
✔unit of account
✔store of value

Fiat
✔medium of exchange
✔unit of account
❌store of value

Gold
❌medium of exchange
✔unit of account
✔store of value

Tell your friends about Bitcoin

(Edit: And preach like a Gospel, Bhagwad Geeta, Kuran or God is not great. Be a Bitcoin missionary, Bitcoin Yogi, Bitcoin Mullah, Bitcoin Christopher Hitchens)

PS : Sorry if it already been shared.

https://twitter.com/Josh_Rager/status/1113095229102407680

[jbreher]

I'm calling Bitcoin post count parity some time in 2024. Whether that Bitcoin be BTC, BCH, or SV is an open question.

I think the next FOMO pile-in is going to make evident to the world the weaknesses of the Core-ian approach to scaling. The other forks (hewing more closely to Satoshi's inspired design) will be there to pick up the slack.

Incidentally, while BTC is up 14+% in the last 24 hours, BCH is up over 27% in the same time frame.

Yes, SV is lagging at 11+%. ::sigh::

Oh my fucking god.  You are either sick or delusional to still be having those kinds of illusions of grandeur in respect to those two shitty-ass bcash projects.

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

[jbreher]

pit pat piffy wing wong wang

Sometimes, it takes me time to feel that I am starting to "get it."

http://lmgtfy.com/?q=pit+pat+piffy+wing+wong+wang+site%3Abitcointalk.org

[jbreher]

Jbreher doesn't care about decentralisation, security and Nakamoto consensus it's just tunnel vision terrabyte blocks without understanding the consequences.

Well, you're wrong on all counts. Let's discuss this a while, Paashaas. Let's start with: What is your definition of decentralization?

[ThrobbingSausage]

Except, of course, that exchange trades are an example of Layer 2 trades. I'm not making an argument, I'm answering your question. You asked what Layer 2 solutions existed for the other forks of Bitcoin, so for the sake of answering your explicit question...

Chicken Egg problem. What came first. The money or the bank. I do not respect your answer. Do you like XRP too ?

Lightning is replete with security tradeoffs. Worth it for some, intolerable for others.

Name one tradeoff worse than Layer 1.

Near-instant? Statistically. Amazing the things that work with five-nine's determinism when blocks are big enough to swallow all transactions generated.

Gobbledygook. Senseless.

BTC doesn't do this, with Lightning.

You are wrong. You try to be evil on Lightning, and counter party is fully rewarded and you lose everything. Incentive to play nice.

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

Hyperbole.

[JayJuanGee]

Is one last retarded alt pump too much to ask?

I swear to trod the narrow path from here on.

 

There are NOT too many of us, even here, who believe that the altcoins (shitcoins) are dead.  I, personally, have spouted out several times that I expect many of the altcoins to come along for at least on more pump, and I have NOT been dissuaded of that opinion. 

On the other hand, even if many of us here are inclined to believe that at least one more altcoin (shitcoin) pump is going to happen, there is no real reason to discuss it here, nor to even imply that they are being monitored, unless there is some kind fo connection made to what is going on in bitcoin's price performance dynamics.

[JayJuanGee]

When page parity?

Dunno.

I'm shooting for post count parity some time in 2024.

Whoaza, jbreher... that is a pretty damned conservative timeline, but hey I don't have any problem(s) with either conservative thinking or preparing for conservative outcomes.

Post count.

We get page count next year.

ok ok ok... I hate when I have to admit that you were right... especially, in recent times, you jbreher.



But, yeah, you were right and I misread your earlier post (the page/post mix-up).