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

[jbreher]

And yes, collusion between three miners is sufficient to amass 51% hashpower on the BSV network today. While such collusion on the BTC network would require the astronomically higher number of four.   

Struggling with this one jb.

Calvin, Craig and the leading BSV dev makes three. Sure.
But four!? You mean pools?

I am just pointing out the implication of the pie charts posted to make some kind of point about mining. It's right there in black & whi... err... several colors. BSV: 3; BTC: 4. Maybe I shoulda used <sarc>astronomically higher</sarc>.

'The leading BSV dev' would be ... ?

Also there is that cost thingy...

Exactly. The beauty of the design satoshi devised is that it would cost the attackers more than they can possibly gain by attacking.

[1714008273]

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[marcus_of_augustus]

twitter got twatted ... can't say i'm surprised or sympathetic.

the place has become a foul sewer, a weaponised industrial outrage machine, now dabbling in platform politics, only rivalled in it's deceptive cultural debauchery by the spook's spookbook and spoogle.

Jack should have stuck to his knitting, like the platform security for his 'clients' ...

[jbreher]

Sorry Icy but you've gone too far now. I've been researching this matter for many decades, and am convinced that B-cups are just too damn small. Nothing to get one's teeth into.

How the hell big is your mouth anyhoo?

Wait - is this Arthur?

[DaRude]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Coinbase is [...]

The topic on the table, DaRude, is not the ways Coinbase is evil, with the sole exception of them being centralized and trusted third parties. Stick to the goddam topic, ya ninny.

As far as centralization, see, it's a common knowledge that BTC is more decentralized than BSv...

Lacking a common definition of 'decentralization', no. It is not 'common knowledge', as these aspects depend upon what the meaning of decentralization is.

Seeing as you are too pea-brained to even have a definition which allows your brain to classify things along a decentralization spectrum, I suggest that 'you're outta your element, Donnie', and you may as well forfeit the discussion.

jbreher you feeling alright?

Feeling just fine, thanks.

you were the one who put up the claim that some shitcoin,is as decentralized as BTC,

...
You mean BSV? Yes, from a purely technical (i.e., fundamental) viewpoint, BTC and BSV are as de/centralized as each other. As I have already explained upthread.
...

Again i don't see you backing up that claim, point to me where you're defining de/centralization and explaining what metrics you used to come to conclusion that BTC and BSv are equally decentralized? Stop wasting everyone's time

[CryptoYar]

Lol... state level hack or another bitcoin giveaway scam?
~snip~

https://youtu.be/nkTfg--TSC8

https://mobile.twitter.com/winklevoss/status/1283493640287989760

[jbreher]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Coinbase is [...]

The topic on the table, DaRude, is not the ways Coinbase is evil, with the sole exception of them being centralized and trusted third parties. Stick to the goddam topic, ya ninny.

As far as centralization, see, it's a common knowledge that BTC is more decentralized than BSv...

Lacking a common definition of 'decentralization', no. It is not 'common knowledge', as these aspects depend upon what the meaning of decentralization is.

Seeing as you are too pea-brained to even have a definition which allows your brain to classify things along a decentralization spectrum, I suggest that 'you're outta your element, Donnie', and you may as well forfeit the discussion.

jbreher you feeling alright?

Feeling just fine, thanks.

you were the one who put up the claim that some shitcoin,is as decentralized as BTC,

...
You mean BSV? Yes, from a purely technical (i.e., fundamental) viewpoint, BTC and BSV are as de/centralized as each other. As I have already explained upthread.
...

Again i don't see you backing up that claim, point to me where you're defining de/centralization and explaining what metrics you used to come to conclusion that BTC and BSv are equally decentralized? Stop wasting everyone's time

As to the other topic somehow conflated in with the other. Yes, I understand that a good lot of you ascribe to the dogma that lotsa lotsa non-mining fully-validating clients equates to MOAR DECENTRALIZATION. Regardless of the relative amount of decentralization on any of a large number of other axes. And that lotsa lotsa minus one means that the entire system is in peril. You are of course wrong on both counts, but I get that all y'all think so. My point here is not to argue about that. It is to point out that your measure of centralization has fuck-all to do with any technical aspect of the coin/chain/client/code. It merely reflects the preferences of the market at this point in time, which is nothing more than the individual personal preferences of scads of individuals within the marketplace at this point in time.

Nevermind the fact that you were first to accuse me of 'redefining decentralization', when I in no way did such a thing.

Your turn. What is the definition of decentralization to which you adhere, DaRude? Hmmm?

[Toxic2040]

twitter got twatted ... can't say i'm surprised or sympathetic.

the place has become a foul sewer, a weaponised industrial outrage machine, now dabbling in platform politics, only rivalled in it's deceptive cultural debauchery by the spook's spookbook and spoogle.

Jack should have stuck to his knitting, like the platform security for his 'clients' ...

this is quite poetic Marcus...im surprised somehow

+1 WOsMerit


As I stated above..I like Jack..he at least seems to try..and that is all one can ask. However, you are correct...twitter is a cess pool for the most part..everyone is so polarised and wants to be heard...not much listening going on imo.


------

Your turn.

What is your point? I am sorry but I can never really seem to figure that out..

meh..let us just skip to the climax shall we?
 
FTFY picnic bear...clear enough?   

[DaRude]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Coinbase is [...]

The topic on the table, DaRude, is not the ways Coinbase is evil, with the sole exception of them being centralized and trusted third parties. Stick to the goddam topic, ya ninny.

As far as centralization, see, it's a common knowledge that BTC is more decentralized than BSv...

Lacking a common definition of 'decentralization', no. It is not 'common knowledge', as these aspects depend upon what the meaning of decentralization is.

Seeing as you are too pea-brained to even have a definition which allows your brain to classify things along a decentralization spectrum, I suggest that 'you're outta your element, Donnie', and you may as well forfeit the discussion.

jbreher you feeling alright?

Feeling just fine, thanks.

you were the one who put up the claim that some shitcoin,is as decentralized as BTC,

...
You mean BSV? Yes, from a purely technical (i.e., fundamental) viewpoint, BTC and BSV are as de/centralized as each other. As I have already explained upthread.
...

Again i don't see you backing up that claim, point to me where you're defining de/centralization and explaining what metrics you used to come to conclusion that BTC and BSv are equally decentralized? Stop wasting everyone's time

As to the other topic somehow conflated in with the other. Yes, I understand that a good lot of you ascribe to the dogma that lotsa lotsa non-mining fully-validating clients equates to MOAR DECENTRALIZATION. Regardless of the relative amount of decentralization on any of a large number of other axes. And that lotsa lotsa minus one means that the entire system is in peril. You are of course wrong on both counts, but I get that all y'all think so. My point here is not to argue about that. It is to point out that your measure of centralization has fuck-all to do with any technical aspect of the coin/chain/client/code. It merely reflects the preferences of the market at this point in time, which is nothing more than the individual personal preferences of scads of individuals within the marketplace at this point in time.

Nevermind the fact that you were first to accuse me of 'redefining decentralization', when I in no way did such a thing.

Your turn. What is the definition of decentralization to which you adhere, DaRude? Hmmm?

Riiiight, that's just you bitching about nodes, still not seeing you defining decentralization, and criteria that you used to come to conclusion that BTC and BSv are as decentralized? Surely you're not just putting out claims without backing them up  

[Icygreen]

Wow, I missed this one. Guess I have been focusing elsewhere lately.

As of June 1st, the sale and purchase of Bitcoin is now fully regulated by the Government of Canada as a Money Service Business activity under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

Source comes from Bitcoinbull exchange email that I happened to see today.

[Paashaas]

Somebody who hacked the most important social platform in the world only wants Bitcoin not shitcoins.

No way someone that could gain that type of access was only scamming BTC. Is this a cover for something much bigger?

Oh well, free advertising is always nice i guess.

[Dorodha]

Somebody who hacked the most important social platform in the world only wants Bitcoin not shitcoins.

No way someone that could gain that type of access was only scamming BTC. Is this a cover for something much bigger?

Oh well, free advertising is always nice i guess.

I accept as true with you that hacking on social media are often for the other purpose, those that have hacked must have done it for a purpose just to frighten people otherwise they need to allow you to know that bitcoin is far more powerful. However, during this case, Bitcoin has been ready to gain far more popularity because Bitcoin is far stronger.

List of hacked Twitter users:

- Apple
- Elon Musk
- Bloomberg
- Cashapp
- Jeff Bezos
- Bill Gates
- Uber
- Tron
- Justin Sun
- Bitcoin
- Coinbase
- Binance  
- Gemini
- Coindesk
- Charlee Lee
- Joe Biden
- Barack Obama

and more.....

Also Bitcoin Vs Twitter trending topic now.

[akhjob]

Somebody who hacked the most important social platform in the world only wants Bitcoin not shitcoins.

No way someone that could gain that type of access was only scamming BTC. Is this a cover for something much bigger?

Oh well, free advertising is always nice i guess.

Ofcourse, this is a very big advertisement for BTCitcoin. But, I'm afraid that it might throw more negativity towards it 


Just for fun.
https://twitter.com/Cryptanzee/status/1283538246635380736

[-CryptoViking-]

Somebody who hacked the most important social platform in the world only wants Bitcoin not shitcoins.

No way someone that could gain that type of access was only scamming BTC. Is this a cover for something much bigger?

Oh well, free advertising is always nice i guess.

Ofcourse, this is a very big advertisement for BTCitcoin. But, I'm afraid that it might throw more negativity towards it 


Just for fun.
https://twitter.com/Cryptanzee/status/1283538246635380736

I don't see this throwing negativity over BTC , do people say $ is shit when someone robs a bank?    It is a free advertisement as stated above, things are happening around BTC and this shows at what lenghts people are willing to go to get more BTC. If anything that shows how powerful and valued BTC is

Twitter will take the flak for this one as they should.

[jojo69]

[Biodom]

wasn't sure that I really saw what i saw, so had to google Tovush/Tavush.
yep...shelling or BM-21 Grad.

[Dorodha]

Google are not always provide accurate result particularly map preview.

[nutildah]

Your turn. What is the definition of decentralization to which you adhere, DaRude? Hmmm?

Riiiight, that's just you bitching about nodes, still not seeing you defining decentralization, and criteria that you used to come to conclusion that BTC and BSv are as decentralized? Surely you're not just putting out claims without backing them up  

Whenever breher is wrong about something (which is often), he just changes the definition of the word he is talking about to something completely irrelevant to the crux of the discussion. My favorite example is when he talks about how BSV can't be a scam because its just an agnostic piece of software, and Faketoshi isn't the same thing as BSV, then goes on to regurgitate CSW talking points in defense of why BSV is so great.

[Phil_S]

I'm thinking August... probably August, yeah.

[AlcoHoDL]

FWIW, what I think jbreher is saying, is that BTC and BSV can both potentially be equally decentralized. In other words, the algorithms themselves allow for the same amount of decentralization.

However, BTC is currently far more popular/dominant than BSV, and this currently gives it a higher amount of decentralization. But this is not due to the algorithm itself, but due to popularity/dominance, which could potentially change in the future.

Well, I don't believe it will, for several reasons which have been discussed many times here in WO, but that's essentially what jbreher is saying.

[Phil_S]

3 years ago: crashed to $1830.