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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Breaking 24777$ prediction game
27/12/2017 bikerleszno
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
...
27/12/2017 bikerleszno
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
...
OK - I'll go with 16/04/2018. Thanks micgoossens.
Probably an idiot question but I'll ask anyhow. Testing has been done to instantly swap litecoin and bitcoin without the use of an intermediary exchange, via Lightning.
How then is price/the exchange rate discovered ?
How then is price/the exchange rate discovered ?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This is why I don't see any problem with the fees. If you can't afford those fees just use fiat banking. Bitcoin is for people that do value their money, financial freedom and privacy.
In other words: 3rd world, go f*** yourself.
But honestly i think it's good that we finally are able to clearly see what the underlying differences are what Bitcoin should be and what not. My impression is that lots and lots of folks still don't understand that there is a big gap in the Bitcoin community when it comes to that.
With Lightning the 3rd world will have access to bitcoin payment channels. And the BTC ecosystem will still be decentralised and working in everyones interests and to our mutual benefit.
On the other hand (and we have several hundred years of precedence to give a concise answer to this) when did centralised corporate interests ever give a flying fuck about the little man, third world or otherwise ??
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I know I'm not as sharp as I used to be. I'll admit that here and now. But the penny has only just dropped that Bitcoin Cash and Bitcoin Gold are two (concerted) prongs of the same attack.
At the minute (pre Lightning kicking in) BTC is basically having the quality of digital gold. But what they are doing is now trying to subvert even that function. If you want bitcoin to be as gold, well, you have Bitcoin Gold. For everyday transactions you have cash(BCH). No need at all then for legacy BTC. The attack is co-ordinated and it is real. Not only that, but collectively the BCH folks have a lot of weight behind them.
Dump the fuckin pair of them. Lets keep Bitcoin of the people and for the people.
We really need some big wins from Lightning now. What is the latest on this front, anyone have any ideas ?
At the minute (pre Lightning kicking in) BTC is basically having the quality of digital gold. But what they are doing is now trying to subvert even that function. If you want bitcoin to be as gold, well, you have Bitcoin Gold. For everyday transactions you have cash(BCH). No need at all then for legacy BTC. The attack is co-ordinated and it is real. Not only that, but collectively the BCH folks have a lot of weight behind them.
Dump the fuckin pair of them. Lets keep Bitcoin of the people and for the people.
We really need some big wins from Lightning now. What is the latest on this front, anyone have any ideas ?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
''One clarification that often gets left out of this debate is that a better version of PayPal can be built on top of Bitcoin (ie.via Lightning) in a situation where the base layer is used for the digital gold use case. But it doesnt work the other way around you cant build a more secure system on top of a less secure base.'' https://www.forbes.com/sites/ktorpey/2017/11/09/failure-segwit2x-shows-bitcoin-digital-gold-not-paypal/#7938e5972233
Thats about the size of it for me at this point in time.
Thats about the size of it for me at this point in time.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Its definitely him chaps. I don't quite understand the animosity TBH
Wait... so you actually believe that snake oil-selling narcissistic scammer is Satoshi? Based on what, his word?
Proof or GTFO. The animosity is that people like him should be called out for their lies, not applauded.
The fact that he falsified his blog is enough for me.
I actually dont care if he is or isnt but obviously I would like it to be a more likable person.
For a guy who said he wanted privacy after the "outing" , he sure is doing the opposite.
Perhaps satoshi is an asshole.
If only life were that binary. Things would be simpler. And a lot duller.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Its definitely him chaps. I don't quite understand the animosity TBH
Wait... so you actually believe that snake oil-selling narcissistic scammer is Satoshi? Based on what, his word?
Proof or GTFO. The animosity is that people like him should be called out for their lies, not applauded.
Pseudonymity Torque. Pseudonymity.
But yeah - I here you, if rock solid proof is what you are wanting.
But why would he give it - to you, or anyone ?? I wouldn't, I know that much.
Christ, no-one (bar my father) knows how many BTC I have
And that info is considerably less dynamite than that which CSW holds.Each to his own.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It is well known and documented that one of the hallmark signs of a person who is a clinical Narcissist (e.g.- someone who is acutely suffering from NPD) is the number of times they self-reference in their writings.
Just count the number of times CSW uses the word "I" in his latest piece:
https://www.yours.org/content/my-past-with-the-ufa-54729249bf2e/
43 times?
Just count the number of times CSW uses the word "I" in his latest piece:
https://www.yours.org/content/my-past-with-the-ufa-54729249bf2e/
43 times?
So cringy to read. And then add sources to make it look like a legitimate article. There is no real I/we in science. It's objective.
It wasn't a scientific paper - nor was it meant to be.
I thought the analogy between proof of work and the Protestant work ethic was interesting. It has been argued that the protestant work ethic is the spirit of capitalism.
Personally, were I religious to any great extent, it would be of the Catholic variety. There are Protestant churches where even the singing of hymns is outlawed - too much like having a good time apparently. Not for me sir - too austere.
Nonetheless, I can see his point.
Its definitely him chaps. I don't quite understand the animosity TBH
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Am I not correct?
You are correct.Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Consider the following:
Governments close down:
- All or nearly all major exchanges
- All or nearly all major online market places using Bitcoin or some other crypto they want to target, including those on the darknet (on which LE is quite succesfull as of late)
- Outlaw Bitcoin (or again, some other crypto they want to target) transactions altogether, and actively police shops and companies that openly accept it.
You do not consider that this scenario 'might be problematic'? As said thousands of times before: nearly no one uses Bitcoin in the present. The percentage of the population that heard of it is (very) small as well. Without mainstream backing this will be a massive hurdle, if not a fatal one, as by far most people in society are not even interested in the ideological goals of hardcore Bitcoiners. And those people will be reading newspapers as well, including those that constantly vomit out negative stories about it.
Whatever happens, governments can effectively crack down on Bitcoin and other crypto if they'd like. There is no need to take down the network in order to make that possible.
True, but I don't think that all the countries will reach an agreement to do so.
If a country bans bitcoin (ex China) another country will see this as an opportunity to attract new businesses (ex Russia)
Agreed.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Financial freedom has always been a political issue.
But the game has changed - the question has been chrystalised. And unless the answer can be sufficiently succinct then the argument will be lost.
Only need a few 'bad apples' (ie. govt.s with more to gain from BTC (and the financial emancipation of its citizens) than they have to lose) and the whole house of cards could well come crashing down.
US is looking good to me. China is moving towards dumping USD as reserve currency + US has a long ideological history of freedom of individual etc.
But more likely it will take route, on a national scale, in smaller countries first and foremost.
Having said that, Japan is looking good too.
But the game has changed - the question has been chrystalised. And unless the answer can be sufficiently succinct then the argument will be lost.
Only need a few 'bad apples' (ie. govt.s with more to gain from BTC (and the financial emancipation of its citizens) than they have to lose) and the whole house of cards could well come crashing down.
US is looking good to me. China is moving towards dumping USD as reserve currency + US has a long ideological history of freedom of individual etc.
But more likely it will take route, on a national scale, in smaller countries first and foremost.
Having said that, Japan is looking good too.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
... governments hate to lose control..
Yep - the people that they are supposed to represent don't like losing control too much either.
Bitcoin will become a political issue - that is, decentralised global peer to peer cash will become a political issue. Being as how no-one is controlling bitcoin, it seems like a difficult argument for TPTB to win.
Question is, which governments will lose the least by regulating favourably for bitcoin ?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.
I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.
I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?
So long as you aren't trying to lead anyone up the garden path on the way, then yes, I can't see why that wouldn't count Ibian.
After all, your belief in the bitcoin fundamentals and your making a really huge quick buck are not mutually exclusive.
But pssst ... when you cash out don't cash out to dollars hey ? Maybe property or something.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
But when people talk about money, brains hasten out of the back door into the woods, never to be seen again in the conversation, and everything that is considered a given and completely normal in real life, is suddenly turned upside down.
I think, in a well articulated nutshell, you have just encapsulated Cryddits concerns.
I know this is a speculation thread and everything, but who amongst us, that aren't just here for the quick buck and who actually 'believe', hasn't had concerns over how something as pure as bitcoin could be commandeered by influences something less than benevolent ?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
.. from a man who reviewed Bitcoin code in 2008.
Cryddit surely ?
Definitely Cryddit - 'Once Bitcoin became successful, there were copycats. More than three thousand short-lived cryptocurrencies using the same protocol have been launched. At this date most are no longer extant. For a while I tried to keep track of them as they passed, and tried to record at least a few words about how and why each one failed. But I couldn't keep up, and besides, it was too depressing.'
Its legit.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
.. from a man who reviewed Bitcoin code in 2008.
Cryddit surely ?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Apparently, under Jamie Dimons guidance, JPM now have a new recruitment 'IQ' test for graduates hoping to enter the business. The first part tests the candidates knowledge and understanding of 'blockchain' - the second part inquires as to their propensity to invest in bitcoin.
Those candidates that prosper (and so become wealthy) understand blockchain but wouldn't invest. Those that go back on the dole queue and can't afford children all said that they would have invested in bitcoin.
This theorem can now be proved mathematically:
Given:
Power = Work / Time and, Knowledge is Power
Substituting knowledge for power, we obtain: Knowledge = Work/ Time
If time = money, then: Knowledge = Work/ Money
Solving this equation for money, we obtain: Money = Work/ Knowledge
Therefore, as knowledge approaches zero, money approaches infinity, regardless of the amount of work done.
Conclusion: the less you know, the more you make.
Simple and clean
Been worth coming to this thread just for that
Those candidates that prosper (and so become wealthy) understand blockchain but wouldn't invest. Those that go back on the dole queue and can't afford children all said that they would have invested in bitcoin.
The correlation between wealth, power and opportunity and income is much greater than that between intelligence and income.
Much greater.
Dilbert's "Salary Theorem" states:Much greater.
Quote
"Scientists and Engineers can never earn as much as administrators and sales people."
This theorem can now be proved mathematically:
Given:
Power = Work / Time and, Knowledge is Power
Substituting knowledge for power, we obtain: Knowledge = Work/ Time
If time = money, then: Knowledge = Work/ Money
Solving this equation for money, we obtain: Money = Work/ Knowledge
Therefore, as knowledge approaches zero, money approaches infinity, regardless of the amount of work done.
Conclusion: the less you know, the more you make.
Simple and clean
Been worth coming to this thread just for that
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm not sure I understand the fallacy of high IQ == successful
I bet if you did a survey test of the top 1% or even 0.1% of earners in the world, you'd find that the average IQ was at or below 100.
If anything, evil elite narcissist == successful
It's not that iq equals wealth, obviously anyone can luck into a rich dad. It's that iq equals the ability to generate wealth, on average. Which is why the jews own the banks and by extension the west, highest iq group in the world.I bet if you did a survey test of the top 1% or even 0.1% of earners in the world, you'd find that the average IQ was at or below 100.
If anything, evil elite narcissist == successful
Social network effect + social confirmation bias + self fulfilling prophecy + Judaist cultural values lending themselves well to capitalism + various historical and cultural bias's regarding money lending/usury etc.
Not necessarily more intelligent, no matter what the IQ tests say.
The problem I have here Ibian is that you seem to be valuing 1) IQ and 2) wealth acquisition as the measure of the man. Its neither.
I do however agree that immigration policy should be based around the potential value added to society that the individual might bring.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I'm not sure I understand the fallacy of high IQ == successful
I bet if you did a survey test of the top 1% or even 0.1% of earners in the world, you'd find that the average IQ was at or below 100.
If anything, evil elite narcissist == successful
I bet if you did a survey test of the top 1% or even 0.1% of earners in the world, you'd find that the average IQ was at or below 100.
If anything, evil elite narcissist == successful
Jamie Dimon.
Very wealthy etc.
Does not have a fuckin clue about bitcoin.
Either that, or he does have a clue about bitcoin, and its because he does that he perceives the risk.
Personally I'd say the bloke hasn't got his head around bitcoin at all.
He's not the only one. Seems to be a slew of the sceptics at the minute. Supposedly clever people some of them as well.