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Question: When new ATH?
1-3 Months - 68 (50.4%)
4-6 Months - 33 (24.4%)
7-19 Month - 9 (6.7%)
9-12 Months - 3 (2.2%)
1-2 Years - 4 (3%)
>2 Years - 11 (8.1%)
Never - 7 (5.2%)
Total Voters: 135

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25336960 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
proudhon
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June 10, 2021, 09:10:51 PM
Merited by Parazyd (1), shahzadafzal (1), modrobert (1)

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

The problem is that the market is figuring out how bad of an investment bitcoin is and how it's is definitely and indefinitely crashing. So lots of countries might make it legal tender, but the down trend will remain. In fact, we know that as more countries adopt bitcoin the lower the price will go.

Ok, ok. Some of us know you from way back and we therefore remember that you're just dicking around. I mean, it used to be funny and all that, but the comedy has lost its edge in recent times. It's a little tired and repetitive now, just sayin. You might end up frightening the noobs away too, who might actually take you at your word.

We won't hold it against you if you want to change tack and allow your true colors to shine through, though.

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June 10, 2021, 09:14:41 PM


I'm gonna have to give you a -1 WO for that level of boldness, and might even have to amp it up to -1.5 WO for your horrible gif creation talents (if we might be so bold as to label as that?)... Since yesterday many people have told me... sent me pms, just saying.


that's all.


your forking with me right?

these feeble attempts to steer the conversation away from the true matter at hand here...rocket gifs...or your lack there of

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June 10, 2021, 09:18:25 PM
Merited by JayJuanGee (1)

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in a attempt to focus on one thing only in the hope it Bitcoin will perform better as a value of storage, or was it an side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)


Well that of course is a reaction to the massive shilling of shitcoins and it morphed into any talk of any other project being a bag shilling exercise so was dogpiled without mercy.

AFA I remember it was considered alts were a good testing ground for fleshing out ideas that might be incorporated into the base layer but due to the sheer quantity of garbage scamming fucktards the instant knee jerk was to dogpile anyone even alluding to the fact something besides Kling Daddy had any value. and of course then the Ethtard started with the dominance shilling crap and it just polarized the entire scene with the ethtards being the nothing but NGU scam shilling dominated lowlives with zero consideration for the vision Bitcoin provides.

/rant off

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

Well since it is a m00t point now the knee jerk reactions to the subject seem to have calmed down to the no dogpiling point and we actually had some good discussions with the bear on the subject.

But we did have to restrict him to discuss it only on  Wednesdays (crazy I always spell Wednesdays wrong and have to google it as the spell checker can't get it right either!). Grin
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June 10, 2021, 09:54:31 PM
Last edit: June 10, 2021, 11:20:30 PM by modrobert
Merited by vapourminer (1), JayJuanGee (1), Torque (1)

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in a attempt to focus on one thing only in the hope it Bitcoin will perform better as a value of storage, or was it an side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)


Well that of course is a reaction to the massive shilling of shitcoins and it morphed into any talk of any other project being a bag shilling exercise so was dogpiled without mercy.

AFA I remember it was considered alts were a good testing ground for fleshing out ideas that might be incorporated into the base layer but due to the sheer quantity of garbage scamming fucktards the instant knee jerk was to dogpile anyone even alluding to the fact something besides Kling Daddy had any value. and of course then the Ethtard started with the dominance shilling crap and it just polarized the entire scene with the ethtards being the nothing but NGU scam shilling dominated lowlives with zero consideration for the vision Bitcoin provides.

/rant off

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

Well since it is a m00t point now the knee jerk reactions to the subject seem to have calmed down to the no dogpiling point and we actually had some good discussions with the bear on the subject.

But we did have to restrict him to discuss it only on  Wednesdays (crazy I always spell Wednesdays wrong and have to google it as the spell checker can't get it right either!). Grin

Thanks, getting the gist of it.

Since shitting on ETH seems OK, have a personal story to tell; I was contracted to evaluate Etherum security in 2016 (or it might have been 2017) because the customer wanted to build a service on top of it. After installing the official client which is a clusterfuck of different languages (Go, Python, Java, C#, etc), the client started downloading updates directly from GitHub during runtime (which means any hacked commit could potentially compromise the client instantly), so that was bad, but it didn't end there, the client crashed a lot so testing became hard, shortly after testing some more I advised the customer to not use Etherum to build anything because it's simply not stable enough. The customer was stubborn and had some kind of FOMO about his business partners building frameworks on top of ETH already, so it ended that I just refused to continue but he was welcome to hire someone else to do it. Shortly after this the first Etherum rollback happened due to malicious transactions (can't remember the details, but was not surprised), so it was obviously not "distributed" in a true sense then, emperor of rollbacks (Vitalik) had final word. After this I never touched it again, maybe it has improved security wise, probably not.
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June 10, 2021, 09:55:16 PM

Government Threatens Retired Engineer With a Crime for Doing Math


https://www.youtube.com/watch?v=9nwP826RY50


Looks like some scumbag didn't like being called out for not knowing what he was doing and decided to use his influence to attack this guy. This is the result of nepotism, family first rite?
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June 10, 2021, 10:01:11 PM
Merited by JayJuanGee (1)

https://youtu.be/9S4nUs2Bq8I

An interesting(!) speech…
She extra avoids to use the word of BTC.
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June 10, 2021, 10:01:27 PM


Explanation
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June 10, 2021, 10:24:50 PM

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.
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June 10, 2021, 10:30:19 PM

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

It got out, but it was kinda late. They were promising to be the first, but Avalon beat them to it.
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June 10, 2021, 10:30:48 PM

Beginning to feel like that bear market again.

Complete fakeout, anyone that sells now is infected with Mindrust Syndrome.

I have not but I could use some walking-around money so it's a matter of timing.
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June 10, 2021, 10:36:26 PM
Last edit: June 10, 2021, 10:52:22 PM by Richy_T

I just don't see that.  Banks don't need small blocks to remain necessary.

Banks will always exist but the potential in a bitcoin world is that some of their less savory aspects and some of the friction they add could be eliminated. (The defi people would probably argue that they can be done away with entirely but that's a different discussion).
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June 10, 2021, 10:37:34 PM

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

Yes, I still have the miner 'BitForce Jalapeno' to prove it though the probability to solo mine a block before the universe expires with 4.5 GH/s these days is slim.
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June 10, 2021, 10:43:57 PM

I just have not found anything that gives a reasonable explanation and the Devs  certainly do not have a blind spot when it comes to this.

The devs are definitely aware of the arguments and, to their credit, some have actually joined in with the discussion (some in more good faith than others).
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what is this "brake pedal" you speak of?


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June 10, 2021, 10:46:45 PM

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

avalon had the 1st ASIC miner.

bfl did eventually deliver their asics, very very late and seemingly delivered mainly by carrier pigeons. i have one of their FPGAs and a couple SC series.


made out on the FPGA, not so much on the ASICs.
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June 10, 2021, 10:47:59 PM

It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.

Beginning to feel like that bear market again.

No offense, but when i read this, i had to almost compulsively think about this song, "There, there" by Radiohead.

Quote from: Radiohead
just cause you feel it, doesn't mean it's there



We'll see. Not that it makes much difference other than me feeling crappy about it Smiley
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June 10, 2021, 10:52:10 PM

I just have not found anything that gives a reasonable explanation and the Devs  certainly do not have a blind spot when it comes to this.

The devs are definitely aware of the arguments and, to their credit, some have actually joined in with the discussion (some in more good faith than others).

Do you have a decent link?
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June 10, 2021, 10:55:06 PM


Do you have a decent link?

No. It was all through the threads on r/btc. Maxwell was the worst for disingenuous arguments and Luke was just insane, as ever but I think people like bluematt (it I remember correctly) gave it a fair shot.
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June 10, 2021, 11:01:26 PM


Explanation
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June 10, 2021, 11:01:40 PM

It is rare I will agree with whiney Cobra, but I do, in this case.  His namecoin example is a good one.  I have exactly one other coin that I believe offers something BTC cannot natively.

Just about all the rest of it???  ETH for example.  All that functionality can be built atop BTC.  Will it be?  Or will ETH (or one of it's killers) continue to exist?  Dunno.

I spend about an hour a day at the gym on the elliptical watching development meetings for this very thing.

A protocol to run smart contracts, tokens, DeFi, etc. on the Lightning Network.

I search for it with a search for Bitcoin RGB on Youtube.

I am learning quite a bit. One interesting part of it is single use seals and client side activation.

Just today I saw that they can do a decentralised DNS quite easily on this setup.

It's still in development though so that's why it's just developer meetings at the moment.

No token. No billions to the first movers. Just plain functionality added on top of Bitcoin. The developers plan on being compensated by providing technical support to those that want to implement it and need some help.
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June 10, 2021, 11:02:09 PM

Since shitting on ETH seems OK, have a personal story to tell; I was contracted to evaluate Etherum security in 2016 (or it might have been 2017) because the customer wanted to build a service on top of it. After installing the official client which is a clusterfuck of different languages (Go, Python, Java, C#, etc), the client started downloading updates directly from GitHub during runtime (which means any hacked commit could potentially compromise the client instantly), so that was bad, but it didn't end there, the client crashed a lot so testing became hard, shortly after testing some more I advised the customer to not use Etherum to build anything because it's simply not stable enough. The customer was stubborn and had some kind of FOMO about his business partners building frameworks on top of ETH already, so it ended that I just refused to continue but he was welcome to hire some else to do it. Shortly after this the first Etherum rollback happened due to malicious transactions (can't remember the details, but was not surprised), so it was obviously not "distributed" in a true sense then, emperor of rollbacks (Vitalik) had final word. After this I never touched it again, maybe it has improved security wise, probably not.

Thanks for you story.

And to think that there are ETFs for that clusterfk of a shitcoin, with people investing tens of millions. Unbelievable. People don't even know what they are backing.

(Well actually after the Enron, Theranos, and WeWork debacles, nothing is unbelievable to me anymore.)
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