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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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BTCMILLIONAIRE
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March 09, 2020, 12:02:54 AM |
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Remember folks, FoxNews says coronavirus is nothing to worry about. Do we live in parallel universes or something? If you truly believe that corona is anything but a non-issue then the least that you could do is point your fingers where they belong. Namely the WHO and MSM, which kept discounting corona while Trump was acting and Tucker talking about the issue in a serious manner. By the way, since you didn't seem to quite get it the first time around. You can take serious and appropriate counter-measures to an issue you believe to be irrelevant. It's called being preemptive or cautious. Hedging against the worst case scenario. Did you sell your house and all your belongings to go long on Bitcoin? No? Then clearly you don't believe in Bitcoin! Who cares about taking appropriate and measured steps! Either way, now that Trump outplayed Democrats by asking for a quarter of what he ended up getting in funding to combat corona and now that the WHO and MSM are suddenly taking the issue more seriously you somehow start pointing at Trump and Fox? https://www.youtube.com/watch?v=KBsPh1Rq0Fwhttps://www.youtube.com/watch?v=lydWQoqDNp8We have Trump acting way ahead of everyone else, and Tucker ringing the alarm bells while the rest of the world was still busy playing the SJW game. As much as I understand that you desperately want Trump out of office, I'm somewhat surprised that you would be so far departed from reality.
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somac.
Legendary
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Activity: 2058
Merit: 1196
Never selling
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March 09, 2020, 12:03:46 AM |
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semi-permanent plateau that would last for at least several years.
Not a chance. The central banks can not let a deflationary period happen. If the private banks can't keep credit creation going it is the end of our modern (crony) monetary system. There will be large amounts of printing, large amounts of stimulus, and all the other nice stuff we have experienced over the last 11 years. We may experience a dip for a while, but it won't last. Market bears think otherwise (note the timing BEFORE the correction), but it's just an opinion. That dude is thinking that we will eventually (within a decade, I assume) will revisit SP500 667. That would be gruesome. So far, his thesis (laid down 20 years ago re negative bond yields) is prescient. https://www.barrons.com/articles/s-p-500-could-test-2009-low-says-longtime-bear-1522957392and (more recent) https://www.barrons.com/articles/perma-bear-albert-edwards-sees-market-ice-age-looming-what-hes-worried-about-now-51581452731Gold, USD, CHF, BTC, digital fiat are all going to be in play. It's going to get crazy.
Man, I was so down to spending the next few years just working and, hopefully, getting wealthier by btc investment. Freaking fourth turning, right? All sensible no doubt. But the one thing everyone fails to understand is that fiat money is just a unit a measurement and the central banks and governments effectively control this unit of measurement. If they want to change the measurement of the S&P to 10,000 points, they can do it, it is within their power. See any country with hyperinflation. That's why these permabears are only right for short periods of time, they can't grasp the corruption of it all. The problem with boosting assets though is the real economy, it doesn't care what the unit of measurement is. The real economy only cares about the real value of its components, and the real economy is made up of labor (peasants). Labor owns very few assets so having the S&P at 10,000 does not help them. Capital (rich fucks) on the other hand don't give a shit about the real economy, because they own all the assets, which, thank you central banks is at a very high level. This all equals bigger wealth divide. So the permabears are right about the real economy, but wrong about the fiat numbers/units of measurements.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2020, 12:18:07 AM |
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Especially if your ass is hairy.
Hey now
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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March 09, 2020, 12:38:14 AM |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. Maths is hard.
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jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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March 09, 2020, 12:47:15 AM |
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so we're all selling our bitcoins right?
Buying.
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BTCMILLIONAIRE
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March 09, 2020, 12:55:06 AM |
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so we're all selling our bitcoins right?
Buying. You should be buying real gold and precious metals instead of fairy dust. Where did Roach go?
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sirazimuth
Legendary
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Activity: 3360
Merit: 3499
born once atheist
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March 09, 2020, 12:55:31 AM |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. If they were using a simple spreadsheet that kind of error should not happen. That's why we can not trust any of those figures, and much less the skewed stats used as a data source. check your decimal place dude. it's .97%
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bitserve
Legendary
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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March 09, 2020, 01:07:17 AM |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. Maths is hard. Lol. Yeah, that's right, what was I thinking? It is this which confused me: Region Positives Death P/D China 80652 3070 3.81% Italy 7375 366 4.96% Germany 799 0 0 Spain 500 10 0.02% US 2584 16 0.62% UK 206 2 0.97% The UK percentage is right, but it is the Spain one that is two orders of magnitude wrong.
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xhomerx10
Legendary
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Activity: 3836
Merit: 8034
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March 09, 2020, 01:31:42 AM Last edit: April 15, 2020, 05:09:49 PM by xhomerx10 |
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d_eddie
Legendary
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Activity: 2492
Merit: 2940
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March 09, 2020, 01:36:46 AM |
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I thought they were for cunts.
Assholes are fine too.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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March 09, 2020, 01:41:27 AM |
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One thing to think about with the numbers of infected/recovered vs deaths..
I spent about 7 years doing modeling and simulations of military radio networks. We would have fake traffic passing through the network and at the end check to see the throughput.
We did a few simulations that had a short time period because it was simulating a full division battle. The results were very poor. A huge percentage of messages did not finish sending. The government would not accept such poor numbers so we were scrambling trying to figure out such low performance.
As I started combing through the failed messages I started seeing a pattern. Nothing was really blocking them, it was just that the simulation was cut off soon after they were sent (Like sending a message at 9:59 and the simulation ends at 10:00.
So I stopped all transmissions at the previous end of simulation and continued until about double the time. The throughput shot up to close to 99% (the government was satisfied with our numbers and funding continued).
There may be 1000 people infected, but the recovery takes 2-4 weeks for most people (from the time they start to show symptoms). This means that it will take about 4 weeks for those 1000 people to register as "recovered", in the mean time many more people are infected. The numbers are always shifting. Both the deaths and the number of recoveries. You need to look at the infected numbers of weeks ago and compare those to the current death and recovery numbers to get the accuracy.
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JimboToronto
Legendary
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Activity: 4004
Merit: 4482
You're never too old to think young.
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March 09, 2020, 01:46:44 AM |
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Good day Bitcoinland. Seems like we've regressed to the Battle for 8 grand.
Currently we're at Eight one three six Yankee bucks (Bitcoinaverage).
Back to where we were Some time in January. Oh well, no big deal
It is still true that One bitcoin's worth one bitcoin Holders are happy...
Holding and living Happily ever after. Life is very good.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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March 09, 2020, 02:12:43 AM |
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During the GFC, the SPX 500 fell about 55%. By comparison it is only about 15% down at the moment. So we are a bit less than a third of the way into GFC style conditions.
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Icygreen
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Merit: 1135
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March 09, 2020, 02:27:00 AM Last edit: March 09, 2020, 03:12:47 AM by Icygreen |
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How about about the bond market yeild curves? The 10 & 30 year just fell off a cliff to ATL. We may be witnessing the end of the petro dollar.
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jojo69
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Activity: 3164
Merit: 4345
diamond-handed zealot
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March 09, 2020, 02:40:33 AM |
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so we're all selling our bitcoins right?
Buying. wait what? goddammit I'm always getting this backward
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JSRAW
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Merit: 1538
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March 09, 2020, 03:14:05 AM Last edit: March 09, 2020, 04:28:33 AM by JSRAW |
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someone found a way... Timeline is same but different mindset Edit : Parallel universe
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smartcomet
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March 09, 2020, 03:26:03 AM |
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Don’t panic Maybe Remdesivir will save the world, just need some time to wait for the result of clinical trial. As I know from the news, it is best medicine so far to combat the COVID-19.
Life is processes of waiting, and we have to enjoy them, even don’t like them. We’ll see the medicine, the ATH, the future.
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Icygreen
Legendary
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Merit: 1135
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March 09, 2020, 03:41:49 AM |
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Don’t panic Maybe Remdesivir will save the world, just need some time to wait for the result of clinical trial. As I know from the news, it is best medicine so far to combat the COVID-19.
Possibly another medicine here.
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JayJuanGee
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Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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March 09, 2020, 04:03:42 AM |
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you guys are considering that we're dealing with x mutations of the virus in the meantime, right?
EDIT: so to be crystal clear. every mutation has it's own characteristic and therefore we have different results in several parts of the world.
A german virologist (don't remember his name) said in an interview on NDR (afair) that mutations are not too bad, because viruses tend to mutate into variants that don't kill the host for effectiveness of the spreading. Makes sense. The interview was available online this week, i didn't find a link, might have watched it on the smartphone. EDIT: Forgot it's sunday wife is still sick a little time to post again #lifehaiku the corn is falling but i am out of fiat fuck, i do not care #charthaiku Blew your load too early.
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