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

[jbreher]

More Bcash double spendings  

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is somehow "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

Complete failure? Not at all. For those transactions worth waiting for, you can wait for block inclusion. It is an option that BTC does not give you.

Nice fkn spin there jbreher. You think you're the teflon man, but you aren't. Just a bullshitter.

I suppose by your reasoning then I can say that in Bitcoin for those that don't want to use SW, the legacy wallet addresses still work just fine. It is an option that BCH does not give you.

Yes, you can. Well, as far as you are willing to trace the origin of the coins on your non-Segwit address back to their coinbase transactions. Your point?

Nobody has been claiming that doublespends are impossible. The argument is that the potential for doublespends is a manageable cost of doing business.

For example, if a coffee shop (coffee is our canonical example, right?) can sell 1000 more coffees by accepting unconfirmed transactions, at the cost of one successful doublespend transaction, accepting such is still a profitable exercise.

[Torque]

Nobody has been claiming that doublespends are impossible. The argument is that the potential for doublespends is a manageable cost of doing business.

Unbelievable. Such insane BCash confirmation bias. If Bitcoin had this blatant flaw right now, you'd be screaming. The whole community would be having a cow over it. Especially because 0 confirmation is not and has never been "Satoshi's original vision" which the BCashtards like you want to so desperately drone on about.

For example, if a coffee shop (coffee is our canonical example, right?) can sell 1000 more coffees by accepting unconfirmed transactions, at the cost of one successful doublespend transaction, accepting such is still a profitable exercise.

That's fucking bullshit and again, your insane fallacy. There won't be "one successful doublespend", there will be hundreds, thousands, tens of thousands. It pretty much torpedoes BCash ever being adopted as a mainstream merchant currency.

You really. Need. To. Fucking. Stop.

"Better to keep your mouth shut and be thought a fool, than to open it and remove all doubt."

[El duderino_]

Nobody has been claiming that doublespends are impossible. The argument is that the potential for doublespends is a manageable cost of doing business.

Unbelievable. Such insane BCash confirmation bias. If Bitcoin had this blatant flaw right now, you'd be screaming. The whole community would be having a cow over it. Especially because 0 confirmation is not and has never been "Satoshi's original vision".

For example, if a coffee shop (coffee is our canonical example, right?) can sell 1000 more coffees by accepting unconfirmed transactions, at the cost of one successful doublespend transaction, accepting such is still a profitable exercise.

That's fucking bullshit and again, your insane fallacy. There won't be "one such doublespend", there will be hundreds, thousands. It pretty much torpedoes BCash ever being adopted as a mainstream merchant currency.

You really. Need. To. Fucking. Stop.

"Better to keep your mouth shut and be thought a fool, than to open it and remove all doubt."

AAAaaaand conversation ended

[Rosewater Foundation]

I think satoshis.place needs a prominent green dildo giving a shout out to this thread.

Hmm.

Thinking.

Too early ?

Dick trees are traditional.



https://asktom.cf/index.php?topic=777829.0;all

[Rosewater Foundation]

What we do here is important.

[jbreher]

More Bcash double spendings  

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is somehow "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

Complete failure? Not at all. For those transactions worth waiting for, you can wait for block inclusion. It is an option that BTC does not give you.

BTC gives you the option to use Layer 2.
BCH give you the option to risk being ripped off.

I would not disagree with those points. However, I would add two of my own:
There is nothing within the current architecture of BCH that precludes future layer 2 solutions.
In many areas, profit is a premium earned for taking on risk. There are solid business use cases where accepting the risk of a doublespend transaction actually leads to greater profit.

[JayJuanGee]

More Bcash double spendings  

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is somehow "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

Complete failure? Not at all. For those transactions worth waiting for, you can wait for block inclusion. It is an option that BTC does not give you.

Defend bcash at any cost?  Do you frequently fail to think through more than one angle?

You attempt to suggest that bitcoiners are less empowered because bitcoin does not allow for zero confirmations; however, on an individual level you can come to all kinds of agreements, such as paying money to someone or providing a service before the bitcoins are confirmed.  Also, if you go through a third party service connected with bitcoin, you are also going to have all kinds of zero confirmation options.  So your inference that options are not available to bitcoiners, is weak at best.

Furthermore, if the credibility of your whole asset system is compromised because of a security weak feature, such as zero confirmation transactions, wouldn't that weakness undermine the whole value of the asset?

You bcash crazies gotta think further down the road than to feel that you immediately want some stupid ass feature, whether that is zero confirmation of infinitely sized block limits, and your whole fucking system is going to converge towards zero value based on these choices to compromise security based on pie in the sky (and likely unnecessary) wishes for on chain expediency.

[JayJuanGee]

Anyone got experience with the stuff Alex Jones sells?

 My brother tried Super Male Vitality but he said it was making him get angry at work so he stopped taking it.  

That would be expected with something like that. Men are the ones who go out and kill stuff, if it actually makes us think in a more masculine way then yeah he's gonna get pissed at all the girly men at work.

It's hard killing things. I deer hunt, and feel bad every time I shoot one. Another one of man's burdens I guess.

Wild animal is likely one of the most nutritious of foods (bang for the buck), of course there is nutrition in the fat too, especially if they are able to eat their natural foods rather than force fed a purposefully fattening diet (referring to omega 3 versus omega 6 fats - and better fed animals would likely have a higher omega 3 to omega 6 ratio).  

Sometimes, I wonder if men could evolve to be vegetarians rather than omnivores when it seems that there is so much nutrition in meat that is much more bio-available, rather than forcing survival through something like a vegetarian diet that tends to take a bit more maintenance to make sure that you don't kill yourself by pursuing such non-meat eating diet?  Do you tend to eat the whole deer or are their some wasted parts?  Might make you feel somewhat better if you engage in some of those kinds of efficiency practices?

[regent4]

https://i.imgur.com/RJTzZQz.png

daily analysis here - waiting for breakout

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-22nd-june-2018.html

[JayJuanGee]

What really piss me, is that there is still not sufficient despair around this forum. Even me, I still hope for btc to pump again soon, this is totally different from 2014 lows, when I was crying alone and thinking about cutting my losses. We need more desperation for the new lows to be confirmed and for tge crypto winter end. Please everybody turn bearish now, maybe we can shake the weak hands faster that way, this bleeding is killing my hope...(and this is good for btc price)

If you want to get history correct, then hopefully we are in a 2015 like period right now, rather than a 2014 like period because if we are in a 2014 like period, then there could be a long way to go before either the correction is over or the community as a whole is sufficiently ready to resume UP. 

Whatever the process, it is likely that you cannot really rush it.  The market is going to do what it is going to do, and in that regard, if you believe that there might be more down, then go ahead, sell.  I personally only believe in buying as or if the price goes down unless there is some kind of immediate situation that might cause me to see an inevitable and large price fall from our current place - which does not seem to be the current price status of bitcoin.

[jbreher]

Nobody has been claiming that doublespends are impossible. The argument is that the potential for doublespends is a manageable cost of doing business.

Unbelievable. Such insane BCash confirmation bias. If Bitcoin had this blatant flaw right now, you'd be screaming.

BTC does have that flaw. Much worse than BCH, even.

[jbreher]

More Bcash double spendings  

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is somehow "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

Complete failure? Not at all. For those transactions worth waiting for, you can wait for block inclusion. It is an option that BTC does not give you.

You attempt to suggest that bitcoiners are less empowered because bitcoin does not allow for zero confirmations;

I don't suggest anything of the sort. I suggest that BTC'ers are less empowered because BTC actively weakens the ability to profitably accept zero confirmation transactions.

[Last of the V8s]

jbreher's spirit animal

[jbreher]

jbreher's spirit animal

You wanna rebut anything I said? Or do you think pointing and laughing substitutes for an argument?

[Rosewater Foundation]

In a lay man's terms, zero conf was never a thing. You people keep trying to make it a thing. But it isn't one.

[Last of the V8s]

jbreher's spirit animal

You wanna rebut anything I said? Or do you think pointing and laughing substitutes for an argument?

I haven't read anything you've said for a while. I see people arguing with you, but I know you're incorrigible. You became just a figure of fun.

[infofront]

Anyone got experience with the stuff Alex Jones sells?

 My brother tried Super Male Vitality but he said it was making him get angry at work so he stopped taking it.  

That would be expected with something like that. Men are the ones who go out and kill stuff, if it actually makes us think in a more masculine way then yeah he's gonna get pissed at all the girly men at work.

It's hard killing things. I deer hunt, and feel bad every time I shoot one. Another one of man's burdens I guess.

Wild animal is likely one of the most nutritious of foods (bang for the buck), of course there is nutrition in the fat too, especially if they are able to eat their natural foods rather than force fed a purposefully fattening diet (referring to omega 3 versus omega 6 fats - and better fed animals would likely have a higher omega 3 to omega 6 ratio).  

Sometimes, I wonder if men could evolve to be vegetarians rather than omnivores when it seems that there is so much nutrition in meat that is much more bio-available, rather than forcing survival through something like a vegetarian diet that tends to take a bit more maintenance to make sure that you don't kill yourself by pursuing such non-meat eating diet?  Do you tend to eat the whole deer or are their some wasted parts?  Might make you feel somewhat better if you engage in some of those kinds of efficiency practices?

My wife grew up in the Philippines, living partly on wild animals. So, she like to cook everything - lungs, stomach, intestines, kidneys, heart, head, etc. I'm not a picky eater, so I'll eat organ meat too.

I suppose that should make me feel better. There's also a good feeling in bringing a dead animal back to your family. It awakens some primordial hunter/provider feelings.

[infofront]

More Bcash double spendings  

https://doublespend.cash/

jbreher the BCash lover wants to go on and on about how Bitcoin fungibility is somehow "compromised" with SegWit.

But on this BCash compromise (ie. complete failure)? Dead silence. Crickets.

Complete failure? Not at all. For those transactions worth waiting for, you can wait for block inclusion. It is an option that BTC does not give you.

You attempt to suggest that bitcoiners are less empowered because bitcoin does not allow for zero confirmations;

I don't suggest anything of the sort. I suggest that BTC'ers are less empowered because BTC actively weakens the ability to profitably accept zero confirmation transactions.

Well, bcash also has to rely on big blocks, which presents further problems. Due to the increased centralization of big blocks, 0-conf-accepting vendors have to increasingly trust an increasingly centralized mining cabal.

I'll take smaller blocks and lightning over that.

[Rosewater Foundation]

Of course Klye charged per dicks. I wasn't a high enough roller back then. In hindsight, that was a damn expensive tree.

[Toxic2040]

Bored..so hang on.

Public safety notice. *Please make sure tin foil hat is firmly attached*

Ready Player One?

There is quite the flurry going around the twitterverse today. It has to do with a hash with was produced on June 19th. "00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a"

https://www.coindesk.com/21e800-bitcoin-satoshi-mystery-twitter-obsessing/

Some background: There is a theory in physics that attempts to explain the interactions and dynamics of all forces, including gravity, in the universe with one simple mathematical structure known as the E8. Presented in a paper titled, "An Exceptionally Simple Theory of Everything" by Garrett Lisi in 2007, it still remains unproven.

Couple the unsolved status of the E8 theory with the equally unsolved mystery of the exact identity of the person(s) who brought bitcoin – with its supply cap of 21 million coins – into existence, and you get the hypothesis that "21e800" isn't just some random string of numbers and value. In fact, the theory seems to suggest, it is a "vanity hash" purposefully placed by the creator of bitcoin himself/herself/themselves, Satoshi Nakamoto.

Starting to get goosebumps yet?

This is a deep rabbit hole. The further you dive into it the more challenging the mysteries. What interests me is the dates these "theories" were published..a little over 10 years ago..just before bitcoin was launched.
https://en.wikipedia.org/wiki/An_Exceptionally_Simple_Theory_of_Everything
https://www.scientificamerican.com/article/mathematicians-team-up-wi/
https://www.scientificamerican.com/article/garrett-lisi-e8-theory/

Latest article on arxiv relating to e8 published this year. Pure goobly gook for most..but it shows the big brains are still working on it.
https://arxiv.org/pdf/1802.09626.pdf

Was something discovered around 2008? Did a mathematician or group of them find a message from the future? Was it the root cause of the global financial "crisis"?

Fast forward to this year..   Quantum block chains and temporal paradoxes..
https://arxiv.org/pdf/1804.05979.pdf

As discussed below, all the subsystems of this design have already been shown to be experimentally realized. Furthermore, if such a quantum blockchain were to be constructed, we will show that it could be viewed as a quantum networked time machine.

Coupling these together makes for some interesting speculation imho. Is Satoshi from the future? Was he contacted from the future by a benevolent AI to develop an alternative timeline? Is time travel possible? Maybe..

Odd that I made this post just over a week before this was published..  The entanglement deepens..

Deep dive beyond bitcoin and what I think might be the greatest gift of this technology.

   The long term benefits of this technology might be this...for the first time when we look backwards in time, at history if you will. We will have cryptographic proof that the information contained is not tampered with. This is such a simple statement that I hope you all take the time to truly understand the profound impact of what it is that I am insinuating. True wisdom comes with understanding the space that you are observing, by accurately "mapping" a space..you gain more understanding of it. Having a map that stays consistent over time is a game changer on so many levels I have a hard time wrapping my thoughts around it.

This is how conspiracy theories are hatched..through sheer boredom.

   If nothing else this might be a decent script for a movie. Enjoy the read..ymmv.