All posts made by donut in Bitcointalk.org's Wall Observer thread
1.
Post 3502330 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.20h):
I think a lot of people are using this situation to hop over from MtGox to Bitstamp.
2.
Post 3504396 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.20h):
China is waking up, the rally continues.
3.
Post 3516129 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.21h):
Gox will get left behind just like it got left behind with that 6.5 kBTC wall.
4.
Post 3516949 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.21h):
MtGox is going nuts... $334
5.
Post 3516974 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.21h):
My stuck coins that finally showed up from MtGox are now on Bitstamp. Thanks to the delay, I have made a handsome profit on those few. Now I have my original $ and some extra coins.
Edit:
Where is this stability around 280-300 we heard about? 328 already.
I guess we have the flash-crash to 250 to look forward too.
His opinion:
https://bitcointalk.org/index.php?topic=178336.msg3509133#msg3509133Meh, other exchanges are not following suit. No meteoric rise -->> no crash. MtGox is looking like a lunatic all alone. Again.
Edit:
Although Bitstamp
is trailing it by $25....
6.
Post 3517192 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.21h):
China has a 1.4 kBTC wall at 2000.
7.
Post 3550019 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.22h):
China is at 367, there'll be no correction or panic when gox unfreezes.
8.
Post 3551085 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.22h):
I think gox just started moving a little.
9.
Post 3573384 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.23h):
10.
Post 3597406 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.23h):
Those people are going to be pissed when there's no weekend crash.
11.
Post 3627816 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.24h):
He said they'll be voting on something at 5:30 PM? Did I mishear?
12.
Post 3628400 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.24h):
"Cash is the best medium for laundering money"
Damn.
13.
Post 3653183 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.26h):
Great, I just lost 0.53 BTC. Of course, the past two times I predicted what will happen and didn't act on it, it happened just as I predicted... but not when I put my money on it.
14.
Post 3668962 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.27h):
Whoa a huge dump and recovery.
15.
Post 3738192 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.29h):
16.
Post 3742230 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.30h):
I like mBit (ehm bit).
17.
Post 3742301 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.30h):
Why aren't businesses adopting bitcoin payments like crazy? we really should start with this now. Amazon, get on with it. We have to make this sustainable and not reliable on the fragile human psychology.
Because its still actually shit as a simple currency. Check reddit story of guy who buys a burito and has to wait an hour for confirmations, ends up paying them fiat aswell just to get home.
Uh, 0-confirm transactions are just fine for small purchases. Vendors need to get on with the program.
18.
Post 3761665 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.30h):
Flaming train at night!
19.
Post 3761997 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.30h):
China Telecom is accepting Bitcoin.
http://js.189.cn/w2014http://www.reddit.com/r/Bitcoin/comments/1roulj/china_telecom_accepts_bitcoin/Third largest telecommunications provider in China, state-owned company...
I believe it's happening, gentlemen.
Edit: From reddit:
Also, this is an ad for a special offer, if you spend 500rmb in BTC, you get 1000rmb in subsidized crap or something...(probably the phone)
20.
Post 3856496 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.33h):
If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.
Bitcoin is not "without China".
Bitcoin is without Chinese banks.
Understand?
Bitcoin is without Chinese banks
and Chinese merchants.
Understand?
No, bitcoin still has chinese merchants. Just not banks.
21.
Post 3922156 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.36h):
Check 1d at Moody. Such classic.
Yall know what to do.
Actually, no I don't. Bounce or continuation of rally after extreme correction?
22.
Post 3954029 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.37h):
Many good points, but this was an LMAO:
Based on an annual world gross product of $71 trillion, and presuming a 5% return on
capital, we can value the real assets of the world at $71 trillion/0.05 = $1.4 quadrillion. However, world
gross production is probably not utilizing resources at anywhere near 5%
, and so the true value of all the real assets is probably
much greater than this. As an order of magnitude though, the value of the real
assets is probably somewhere in the quadrillions of dollars, perhaps tens of quadrillions.
10 quadrillion = 10 billion million. So a million for every person on the planet, and then some, and nobody's in debt etc. Hardly likely
Uh, just because there is more than enough for everyone doesn't mean that everyone has some. Some people live on less than a dollar a day because some other people have quadrillions in assets.
23.
Post 4180375 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.47h):
Stamp is going down, gox is sitting tight, china is going up. Wonderfully confusing.
24.
Post 4346787 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.52h):
Thank you Ducky1 for the beautiful chart! It is perfect for a "bull" like me. I figure since I am a hodler it can't hurt to dream big. I actually printed it out and I was teasing BitChicksHusband that I wanted to enlarge it and frame it for our wall.
Your welcome
Glad you liked it, I can make a higher res version for you if you want. Thank you for making me happy
Can I haz the source xlsx please?
25.
Post 4493063 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.55h):
the bearishness can you feel it?
Not really, the market is now at only at 1 / 9 of wave C. The real bearishness will be seen in the last 1 / 3 of wave C.
Can you provide an illustration of your waves?
26.
Post 4517286 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.55h):
One of these plots is actual hourly closing price (USD/BTC) from one exchange, the other is a series of fake prices generated by a simple "log-Brownian" model.
Can you tell which is which, without looking at other charts?
If you think you can, what difference do you see?
Honestly, they both look very plausible. In fact I wouldn't be surprised if they're both BTC/USD, but from different exchanges.
27.
Post 4530659 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.56h):
If you sell here do not lose sleep of being left behind
I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.
Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.
I was just using that as an example you can go back since BTC = $1 and come to the same conclusion
Maybe you can. I just looked and in my opinion it is not a signal worth risking money on. My conclusion is that you are seeing what you want to see. Trading using a single indicator is one of the shortest paths to an empty trading account.
Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.
Meaning, after a POP the train does not take off again without a a few months decline
Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now
If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale. They are, after all, the "buy and hold crowd". Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.
Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.
I've been here since before $1. You're not going to convince me by telling me to look at the charts. I saw them as they happened. If you want to gamble, be my guest. But if you advertise it as a sure thing, I will call you out.
Lets revisit this and see who is right . To qoute me Selling now at $950 with re-buy set at $760 (-20%)
Meaning even though Im bullish I recognize $760 WILL be revisited before going back up. Increasing my BTC holding 20%, Lets revisit this in a Month (if not sooner) and see how it plays out shall we.
I'm not disagreeing that it might go down. I'm disagreeing that it will go down with 100% certainty. Giving it a month won't prove anything about my position no matter what happens.
Please design a scenario in which your position will be proven false.
28.
Post 4691485 (copy this link) (by donut) (scraped on 2020-04-04_Sat_11.58h):
Overstock
It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.
I almost didn't see that /day clause.
What is so special about Operating System suppliers?
overstock
29.
Post 4802374 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
Nice, we finished on "Bitcoin is very American, supports freedom".
I like.
30.
Post 4802570 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
thanks I will be waiting....
how did the first round go though? anyone can summarize it for a lazy ass like me ?
Partial transcript here
31.
Post 4803784 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
I like the ending of her speech. Her message that I heard: innovation is here, and you can't hold it back. So try to not hold the US back by insane regulation.
32.
Post 4803882 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
Lee's just there to pump Litecoin - damn.
33.
Post 4808175 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
Currently about 20000
BTC are stuck in failed transactions from Gox, that nearly matches the remaining
BTCleft on Mt. Gox askside.
[tinfoil hat on] Maybe they are already out of coins.[tinfoil hat off]
Look here about the missing withdrawls:
http://thegoxreport.com/and the remaining asks on Gox
http://trading.i286.org/BTW: The daily missing tx (18770)and the remaining(18870) match each other nearly exactly
I can confirm successful withdrawal of ~2 btc abour 7.5 hours ago.
34.
Post 4808809 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
So um, guys, could someone please link one of those '4 charts on one page' pages? I'm interested in bitcoinwisdom-based, but others are cool too.
35.
Post 4821147 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.00h):
Uh oh, a bunch more merchants "of similar statute" (as Overstock) about to sign up with Coinbase.
36.
Post 4824328 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.01h):
So this one will be pushing Ripple.
37.
Post 4824661 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.01h):
I like the smiles in the background after "Bitcoin will fall to possibly single digits by June of 2014"
38.
Post 4824977 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.01h):
The guy in the middle is the best. He actually knows what he's talking about! Wow.
39.
Post 4825374 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.01h):
Yall wanna ban tumblers? I'll just trade to an alt and back then, now what?
40.
Post 4825824 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.01h):
No shit, Sherlock, I think we all know this isn't a "mature market", which is why yall are there.
41.
Post 4842969 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.01h):
So should it come to your stash you'd be much smarter and more secure, eh? And you're impervious to a $5 wrench?
Ulbricht didn't suffer a wrench attack. I make no claims of immunity to a wrench attack. I would like a better system for evading wrench attacks.
Should've used shamir's secret sharing scheme with multiple geographic locations...
42.
Post 4877330 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.02h):
5 consecutive green daily candles right now. Reminds me of Oct 5 to 11.
43.
Post 4954534 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.02h):
I think we have an ally in the NY gov't. Too good to be true?
44.
Post 4978224 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.03h):
Can somebody with a working bitcoinwisdom post a screenshot of the 4h chart for stamp. Thanks.
http://i.imgur.com/gpv7M5p.png
45.
Post 5082922 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.06h):
Too bad we live in a practical and not a technical world. That's the thing you'd expect from a lawyer.
what? blitz, u are against btc?
I have an aversion against dogmatic and dishonest people. It culminates in outbursts of the opposite order sometimes, even though I like Bitcoin.
well, so is there actually a problem with the bitcoin protocol then?? except the transaction mallability thats been known for years
No problem with protocol, some exchanges were carelessly spending unconfirmed inputs (which are now under malleability attack) and are currently fixing it.
46.
Post 5087707 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.06h):
Antonopoulos, who is the chief security officer of Blockchain.info, said a DDoS attack is taking Bitcoin’s transaction malleability problem and applying it to many transactions in the network, simultaneously.
“So as transactions are being created, malformed/parallel transactions are also being created so as to create a fog of confusion over the entire network, which then affects almost every single implementation out there,” he added.
As this increases in power the entire system will grind to a halt rendering the network useless. That is most likely what Bitcoinsteve is talking about. As people realise that the robustness of the network is actually quite weak we will see a reducing number of users and an increasing number of people leaving and dumping. Wouldn't you if all this would take place? We are seeing the start of this, and thus proving in principle that it is possible.
So if this is true then it is the end!? Can anyone really confirm this? Then I will sell because I invested too much.
Can somebody (not fonzie) confirm this? Because then I need to sell, I have too much money in BTC.
My sources confirm, this is the end.
月亮和超越
47.
Post 5329007 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.17h):
Seriously, they are following gox? Why?
48.
Post 5329111 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.17h):
49.
Post 5353794 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.19h):
Whats that? In the gutters? Starting to look a bit reddish, don't you think?
Are you saying it's time to buy already?!
50.
Post 5389131 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.20h):
51.
Post 5417012 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.21h):
52.
Post 5447137 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.22h):
Doesn't that go against the whole guilty until proven innocent thing?
People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.
There's a "stop and frisk" law in New York now. Basically if you look suspicious they can just stop you and search your person. That seems incredibly un-American to me (an American) yet it exists, seemingly in direct contradiction to "innocent until proven guilty" and the search laws we already have on the books.
False, "looking suspicious" isn't enough legally:
http://law.onecle.com/new-york/criminal-procedure/CPL0140.50_140.50.htmla police officer may stop a person in a public place located within the geographical area of such officer's employment when he
reasonably suspects that such person is committing, has committed or is about to commit either (a) a felony or (b) a misdemeanor defined in the penal law, and may demand of him his name, address and an explanation of his conduct.
53.
Post 5533253 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.24h):
Actually, Tailor, you may have a good point if you suggest that the BTC price is outpacing the building of the infrastructure... Actually, I would consider those to be very decent kinds of arguments... but on the other hand to suggest that BTC has NO value or nearly NO value, fails to account for several innovations that bitcoin brings... beyond the mere payment processing system.. which is NO small innovation even by itsellf.
BTC price has outpaced any sort of reasonable standard, which is not to say it has zero value (obvious, since there are people willing to trade dollars for BTC). But it's purely a speculation play at this point.
The value ascribed to BTC innovations is overstated because those innovations are really what
cryptocurrencies bring - they aren't available to just BTC.
The thing is, there are a lot of other coins merge-mined with BTC and there are at least two distributed exchange/smart property coins that use the Bitcoin blockchain to record data.
The network effect is strong.
54.
Post 5547383 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.24h):
come on man, you cant compare the creator of litecoin and the one that first came up with the whole cryptocurrency idea... think about all the Secret Services from all over the planet who would just love to "interview" SN. And im not even talking about the huge pile of money Satoshi is sitting on.. or bankster that would just love to "make him pay" for the harm he has probably done to their industry
edit: and also, if SM indeed have health issues, all that pressure isnt going to help him recover...
He is just going to be harassed from everywhere until he dies.
Satoshi wasn't the inventor of cryptocurrencies, as bitcoin wasn't the first one (but the fourth or fifth).
What were the first decentralized cryptocurrencies and where are they?
55.
Post 5575384 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.25h):
this is an holy up-weekend--buy urgently as many coins as you can---BTC tries to rid itself of the corrupted scumbags !! best news ever..
till the idiot releases the news which will crash the idiot market to new lows as it will be seen how peversivly and persistently the bitcoin community has been had!
I finally took a look at this guy's "last posts". My first ignore.
56.
Post 5628373 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.25h):
If you claim the a monopoly government is necessary to prevent the predation of the disadvantaged by the powerful, then I ask, howz that workin out for you so far?
Here's a question: let's say you could, for the rest of your life, commit 30% of your income and savings to charitable organizations of your choice, with a certain amount required to go to basic needs charities, in exchange for never paying taxes on anything ever again. Would you say yes? If that's too much, what's the maximum you'd go up to?
I'd agree in a heartbeat if that meant I was no longer financing wars and bailouts. But leave my savings alone.
57.
Post 5647214 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.26h):
There are people in this thread who want to continue to proclaim that taxation is the same as theft, which we should recognize on the face of it how preposterous and absurd a claim that remains ;;; but NONETHELESS some people in this thread want to argue regarding basic and silly points, like that..
It's actually extortion, which is a form of theft.
I'll try to lay it out.
Extortion (also called shakedown, outwresting, and exaction) is a criminal offense of
obtaining money, property, or services from a person, entity, or institution, through coercion. Refraining from doing harm is sometimes euphemistically called protection. Extortion is commonly practiced by organized crime groups. The actual obtainment of money or property is not required to commit the offense.
Making a threat of violence which refers to a requirement of a payment of money or property to halt future violence is sufficient to commit the offense. Exaction refers not only to extortion or the unlawful demanding and obtaining of something through force,[1] but additionally, in its formal definition, means the infliction of something such as pain and suffering or making somebody endure something unpleasant.
srcCoercion /koʊˈɜrʃən/ is the practice of
forcing another party to act in an
involuntary manner by use of intimidation or threats or some other form of pressure or force, and
describes a set of various different similar types of forceful actions that violate the free will of an individual to induce a desired response. These actions can include, but are not limited to, extortion, blackmail, torture, and threats to induce favors. In law, coercion is codified as a duress crime.
Such actions are used as leverage, to force the victim to act in a way contrary to their own interests. Coercion may involve the actual infliction of physical pain/injury or psychological harm in order to enhance the credibility of a threat. The threat of further harm may lead to the cooperation or obedience of the person being coerced.
srcCan you really tell me with a straight face that taxation is not extortion?
58.
Post 5648328 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.26h):
There are people in this thread who want to continue to proclaim that taxation is the same as theft, which we should recognize on the face of it how preposterous and absurd a claim that remains ;;; but NONETHELESS some people in this thread want to argue regarding basic and silly points, like that..
It's actually extortion, which is a form of theft.
I'll try to lay it out.
Extortion (also called shakedown, outwresting, and exaction) is a criminal offense of
obtaining money, property, or services from a person, entity, or institution, through coercion. Refraining from doing harm is sometimes euphemistically called protection. Extortion is commonly practiced by organized crime groups. The actual obtainment of money or property is not required to commit the offense.
Making a threat of violence which refers to a requirement of a payment of money or property to halt future violence is sufficient to commit the offense. Exaction refers not only to extortion or the unlawful demanding and obtaining of something through force,[1] but additionally, in its formal definition, means the infliction of something such as pain and suffering or making somebody endure something unpleasant.
srcCoercion /koʊˈɜrʃən/ is the practice of
forcing another party to act in an
involuntary manner by use of intimidation or threats or some other form of pressure or force, and
describes a set of various different similar types of forceful actions that violate the free will of an individual to induce a desired response. These actions can include, but are not limited to, extortion, blackmail, torture, and threats to induce favors. In law, coercion is codified as a duress crime.
Such actions are used as leverage, to force the victim to act in a way contrary to their own interests. Coercion may involve the actual infliction of physical pain/injury or psychological harm in order to enhance the credibility of a threat. The threat of further harm may lead to the cooperation or obedience of the person being coerced.
srcCan you really tell me with a straight face that taxation is not extortion?YES. I can tell you with a straight face that you are coming at this question with fuzzy logic. YOU seem to be so much focused on yourself that you fail to consider that there are community considerations and you, supposedly, are part of that community. YOU seem to be case in point someone who wants to set forth trivial arguments to mislead and to distract us from the main issues regarding meaningful discussions about the role of government. You pigeonhole all government taxes and actions as some sort of guilty by association and NO good deeds are being done by these taxes b/c they are taking money from you.. and somehow, you are likely of the belief that these services and benefits should be left to the private sector to some how miraculously carry them out.. on a voluntary basis.... YOU are communicating EXTREMISM without a foundation in reality... if you are trying to equate the community interests to be the same as the thieving interests of a criminal.
YOU are also likely the kind of guy that is so against taxes and community contribution, that he needs to be forced to pay his fair share into the community b/c you are NOT very likely without being begged to contribute on your own. Maybe if someone kisses your feet, then maybe you will possibly decide to contribute a little bit to the community. You are so busy thinking about yourself that you fail to understand the variety of community needs that government fulfills to service people who are NOT in the same circumstances as yourself.
Maybe if we had only a million people in the world, we could get away with each person self-sustaining and having his/her own plot... but we do NOT live in such a world.. and there are communities.. and also an existing status quo that needs to be accounted for and transition if we are going to change to some other societal arrangements that may be able to accommodate approximately 7 billion people.
What is fuzzy about my logic? Seems pretty binary to me - either a given act fits the definition, or it doesn't.
Why can't you follow through to the logical conclusion?
59.
Post 5670834 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.26h):
re: "natural monopolies"
examples include public utilities such as water services and electricity
o rly? So the power company doesn't have to compete with solar, wind, gas and oil heat, etc?
The water company doesn't have to compete with private wells, water trucks, desalinization plants, and the f@#!ing rain?
Competition includes potential competitors and the providers of equivalent products. In the free market, any dominant company would soon face competition if they attempted to extract excessive rent (profits over and above normal profits) due to their dominant position. OR they would face reduced consumption of their product or service that would negate their dominant market position advantage.
http://mises.org/journals/rae/pdf/rae9_2_3.pdfA question for you kind sir:
What happens when a rich guy comes in and lowers his prices enough to squeeze out competitors until he's a monopolist again, at which point he may jack the prices up?
60.
Post 5683055 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.26h):
In particular, I cannot understand why some bitcoiners still believe that crypto-currency in general, and bitcoin in particular, will free them from governments or banks. If that is what you expect from bitcoin, prepare to be severely disappointed. Governments can render cyptocurrencies useless with a single stroke of the pen; we saw that happen in China and other countries.
More generally, one cannot expect that a technological invention, by itself, will bring fundamental social, political or economic change. The people whose wealth and power could be threatened by such change will fight it, with all the resources that their wealth and power gives them. In particular, technology cannot give to the people of a country any freedoms that their government is denying them.
Are you honestly suggesting that black markets don't exist?
Are you really ignoring that the internet fundamentally changed society and is the reason the protests and revolutions from 2011 on are even possible despite the wishes of local dictators?
61.
Post 5696579 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.26h):
Anyhow, part of the reason that we have some of this back and forth communication on this topic is b/c we have differing understandings on some terms, including the term coercion.
At the risk of repeating myself,
Coercion /koʊˈɜrʃən/ is the practice of
forcing another party to act in an
involuntary manner by use of intimidation or threats or some other form of pressure or force, and
describes a set of various different similar types of forceful actions that violate the free will of an individual to induce a desired response. These actions can include, but are not limited to, extortion, blackmail, torture, and threats to induce favors. In law, coercion is codified as a duress crime.
Such actions are used as leverage, to force the victim to act in a way contrary to their own interests. Coercion may involve the actual infliction of physical pain/injury or psychological harm in order to enhance the credibility of a threat. The threat of further harm may lead to the cooperation or obedience of the person being coerced.
srcCare to provide the definition
you are using?
62.
Post 5701720 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.26h):
seriously? 3 posts in a row? hopefully its the only resident of my ignore list
I thought that you were ignoring me? So how could you see my posts? Maybe I do NOT understand ignore b/c so far I have NOT employed such a tool.
It looks like this:
http://i.imgur.com/TGd2H7O.png
63.
Post 5823497 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.28h):
Just bought 1 btc at 574, time will tell if this is the bottom.
64.
Post 5921699 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.29h):
That's just the specific service that got hacked and leaked private keys out. No biggie, unless you were using their service.
65.
Post 5924481 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.29h):
66.
Post 6074900 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.33h):
Dump them now and spare us the lectures please.
67.
Post 6144744 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.34h):
>Let's suppose, just for argument, that the majority of the miners decided to raise the cap to 210 million BTC, and lower the difficulty so that mining became 10 times more productive in BTC terms. What would happen?
The clients will rejects the blocks mined by these miners and everything goes on as normal, same as if the miners participating in the coup started mining PPC.
You are forgetting that miners aren't the only part of the network which keeps everyone in check.
Even if you have 90% of network hasharate, you can't change the rules at will. The only thing you *can* do is choose which transactions are recorded by never building on top of blocks containing unwanted transactions.
68.
Post 6476436 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.41h):
The U.S. enslaves more people than any other nation on earth; there are more black males in slavery today than before the U.S. civil war.
There are also more black males in general. Proportionally, I am sure there are quite a bit less slaves today than before.
69.
Post 6481120 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.41h):
Blind luck? You can't really call a roundabout centralisation.
Not the best example of subsidiarity since I'm guessing quite a few people have ended up in hospital on that road. Just not in the ~20 frames of that gif.
Funny thing is, at least traffic is moving.
no this is stupid as shit
it would flow much better if organized
i can;t believe this shit
Actually, take a look at this:
https://www.cs.utexas.edu/~aim/oldsim/Play around with the simulation to get a feel for it.
Multiagent Traffic Management:
A Reservation-Based Intersection Control Mechanism
Traffic Light - cars must obey the traffic signals. Using this system, cars are delayed by an average of 9.45 seconds relative to how quickly they could travel without an intersection present.The traffic light has these parameters:
Period: 30 seconds
Alpha (fraction of period the light is green in the East/West direction): .45
Beta (fraction of period the light is red in all directions between greens): .05
Reservation System - cars can reserve time slots in the intersection. The granularity of the reservation system for this simulation is 4 (i.e. the system consists of a 4 x 4 grid of reservation tiles). Using this system, cars are delayed an average of 0.076 seconds - significantly less than when using a traffic light.
tl;dr Decentralized autonomous traffic can be much more efficient than traffic lights.
70.
Post 6498637 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.42h):
By the way is this the longest thread ever created?
on the entire internet
yes.
How would you know that?
Obviously he read the entire internet.
71.
Post 6875696 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.46h):
Since the last rally was due to the opening of the Chinese market
Well, I disagree with the premise.
72.
Post 7477657 (copy this link) (by donut) (scraped on 2020-04-04_Sat_12.54h):
So I've been looking at charts... one thing bothers me.
How can it be
SO PERFECT?
73.
Post 9098241 (copy this link) (by donut) (scraped on 2020-04-04_Sat_13.20h):
Oh we are back to actually observing walls in this thread? Nice!
74.
Post 9522086 (copy this link) (by donut) (scraped on 2020-04-04_Sat_13.31h):
To Bitcoin:
