All posts made by qwk in Bitcointalk.org's Wall Observer thread
1.
Post 8739941 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.11h):
Do you think the hacker will use the email recovery option from the Satoshi's wallet and steal the coins?
No, my irony detector is not broken.
Unfortunately, a lot of people will ask themselves a question like the above for real
2.
Post 8739953 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.11h):
Bitcoin lacks consumer protections. It's actually not a good payment system in that regard. Those protections may or may not be necessary, but if the masses want them, they need to be built on top... maybe paypal is doing this?
That's precisely what I thought when I read "Coinbase Wallets" in the Braintree statement.
If Paypal only accepts Bitcoin from "verified Coinbase customers", they might as well offer buyer's protection / chargebacks etc.
3.
Post 8775943 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.12h):
Capistustation!
I would say "frustration"
Final Cryptofrustlation.
4.
Post 8874012 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.13h):
Might as well apply to the Bitcoin crowd
5.
Post 9153549 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.22h):
6.
Post 9481723 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.30h):
I always forget that mining used to actually result in bitcoins. Now it results in heat and electricity bills.
7.
Post 10115730 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.46h):
if somone has 120btc do you think he become ever rich?
The majority of people with 120 BTC today won't ever be rich.
Becoming rich has almost nothing to do with how much you start with.
Most people who had 1000 BTC a couple years ago have a lot less BTC today.
Simply because they sold some of them at $10, $50, $100, $whatever.
Having 120 BTC today won't make you rich unless you're able to hold onto them, which you will only be able to do if you already have the mindset that would make you rich anyhow.
8.
Post 10174746 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.50h):
TL;DR of the news:
if you're able to install software on someone else's computer or modify the code he compiles, you can steal his coins.
Duh.
9.
Post 10196883 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.50h):
Is there some fiattalk.org forum? Where we can go make fun of the bulltards, because their precious dollar lost 98% of value since 1913...
And yet the dollar has been one of the best currencies in the world all through that time, much better at the job than bitcoin has been so far.
Hm, USD down 98%, BTC up ~ 100.000%.
"dollar [...] much better [...] than bitcoin"
10.
Post 10229850 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.51h):
I think the bitcoin community needs to learn about business ethics because it sucks currently... greed will do that.
Bitcoin is finance, right?
Business ethics in finance?
11.
Post 10436566 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.58h):
It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact,
all national debts are, in practice, unpayable.
To prove my point: could anyone name a
single country that successfully paid their national debt?
(I guess that if you do extensive research, you might find small countries that were able to do so, most probably because of singular events like the finding of natural resources or becoming tax havens for others, but I doubt that you'll be able to find larger economies that were able to pay up)If anything, it's usually considered a success when countries are able to reduce their debt in comparison to their GDP. Which is usually not done by actually settling the bills, but by growing the GDP and inflating the money supply. The absolute amount of debt usually stays the same or even rises.
12.
Post 10437035 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.58h):
It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact,
all national debts are, in practice, unpayable.
To prove my point: could anyone name a
single country that successfully paid their national debt?
...
Countries with zero debt:
Singapore
Macau
British Virgin Islands
Brunei
Liechtenstein
Taiwan
Palau
Taiwan is actually the only one I wouldn't have counted on.
I'll take that as the exemption which proves the point.
13.
Post 10437241 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_13.58h):
It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact,
all national debts are, in practice, unpayable.
To prove my point: could anyone name a
single country that successfully paid their national debt?
...
Countries with zero debt:
Singapore
Macau
British Virgin Islands
Brunei
Liechtenstein
Taiwan
Palau
But, as noted above the table, some countries are also international creditors, and they may have negative
net debt.
For example, Norway, Luxembourg, Switzerland, Italy and others are net international creditors
Again, Norway, Luxembourg and Switzerland fit into the category of smallish economies with either natural resources or being tax havens.
Italy and possibly other countries with negative net debt can still be doubted to ever be able to actually pay up. That would require collecting the credit they have given in the first place. To countries like e.g. Greece
14.
Post 11455459 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.15h):
Bad news? Sell
Good news? Panic sell!!!1!1
15.
Post 11481634 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
i was referring to breaking above 237 which would inevitably lead to 32,000$ bitcoins. so i guess your right....
That's right, in adamstgBithmetics, 32,000 is the number right after 237.
16.
Post 11484335 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
I mailed him back and told him that his bank has been buying bitcoin on Nasdaq Stockholm the last couple of days
How do you know?
I'm just asking because I don't know where to find something like that.
Couldn't it be that one of their customers just bought?
17.
Post 11492513 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
good days incoming
2019?
18.
Post 11507596 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
its over guys we gave it our best shot but sadly this is the end, trolls were right all along, sub 200 is coming and then double digits. I am very sadden that bitcoin is dead, and it's a shame I bought so much on the way down thinking it would eventually "bounce back" and make new highs, clearly this is never going to happen. time and money has been expired to no end. this is gentlemen.
Now that's what I call a bullish signal.
19.
Post 11508635 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
In about 10 minutes the forum will be down for 10-30 minutes for maintenance.
<conspiracy>
Theymos is planning to dump and create more panic selling
</conspiracy>
20.
Post 11514342 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
Actually a better idea. The waste product is heat, so all they've made is a less efficient, hotter, LED lightbulb. Nonsense.
Why not make a lava lamp out of it? So
cool hot
Where can I preorder?
21.
Post 11524403 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
will we break above 226 and run to 231?
the next 24hours are critical
why are the next 24 hours critical? We already broke 226 today.
They always are.
22.
Post 11524718 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
t-10mins!
23.
Post 11537207 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.16h):
let it go.
24.
Post 11626575 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
its pretty clear, this time it's different.
It's different every single time.
25.
Post 11626910 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
i was referring to breaking above 237 which would inevitably lead to 32,000$ bitcoins. so i guess your right....
That's right, in adamstgBithmetics, 32,000 is the number right after 237.
AdamstgBithmetics failed.
26.
Post 11626966 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
Welcome to the price of 30 days ago.
Next stop:
6 months ago
Second next: 1.5 years ago. CCMF!
27.
Post 11634144 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
>32,000 in <2 years
In two weeks™.
28.
Post 11634192 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
Next target?
Staying over 250$ for a day or two.
When that's confirmed -> moon.
29.
Post 11635056 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
Would be really exciting to see this go parabolic
Patience my friend, patience.
http://www.savagechickens.com/2008/05/patience.html
30.
Post 11636540 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
Someone told me "All your base are belong to us".
For one memorable night, all our us are belong to Base.
All your coin are belong to base?
31.
Post 11636755 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
This hangs in our office of Bitonic.
All your gentlemen is this.
32.
Post 11637147 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.17h):
Wait til the dragon wakes up in a bit...
33.
Post 11640767 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
Insider info. Seriously.
34.
Post 11641178 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
I'm actually surprised that we're seeing this positive thread right now. Has anyone figured out what is causing this? Greece?
35.
Post 11643898 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
36.
Post 11645487 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
Is the mankind really ready for the blog-chain, or not?
After thinking about the what and why and who of this post for 3 minutes, I give up.
Proof of Blog?
Sure, that's Wordpress' latest Altcoin. Didn't you know?
37.
Post 11653517 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
No, that bid wall was up yesterday before that service announced its launch. Besides, the bid wall was pulled so fast that it had to have been controlled by one entity. I don't believe it was numerous different people behind it who were trading independently, it had to be controlled by one entity with a lot of financial muscle.
Thus was born...
38.
Post 11655429 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
Boring.
39.
Post 11658941 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.18h):
Now let's find out, how real the walls on BitFinex are
Looks like walls aren't fake... Eating all the shorts
40.
Post 11771869 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.19h):
The Japanese court ordering the Bitcoins to be sold on exchanges could be considered a black swan event. It would be unexpected, but not impossible.
Not impossible, just an extremely unlikely, very low probability event.
Tarmi and the bears here might actually get their 2.5 year 'double digit' itch scratched in such a scenario.
The possibility of the MtGox coins being unloaded on the markets is already priced in.
Be it by court order or by customers immediately cashing out their little share.
It won't have a sizable effect on the price anymore, sorry bears.
41.
Post 11772896 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.19h):
I'm kinda mystified about how an exchange works.
Am I always buy/selling to a peer?
In theory, yes.
Or does the exchange sell and buy directly to users also?
That may or may not be the case. If so, it's usually done in a more or less transparent way with someone appointed to the task and officially being called a market maker or given some other fancy name.
Does an exchange adjust its prices in consensus with other exchanges?
Or is it all independent marketing?
With Bitcoin exchanges, you never know. They may all just be making up numbers and drawing pretty lines in diagrams
42.
Post 11808487 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.20h):
Yanis Varoufakis is a hero!
43.
Post 11842453 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.20h):
Wüstenrot is actually a highly conservative
German Bank specialized on
building savings agreements. They have nothing to do whatsoever with Litecoin or any new technology for that matter
to buy 500 litcoin and send to them to join the plan. participants are promised to get 3 litecoin back everyday. one of
[...]
I am
so close to calling BS. I don't speak Chinese nearly good enough to know what they're talking about in that video, but I would not be surprised to find out that this is in fact a promotional presentation for the chinese communist party
44.
Post 11984526 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.22h):
moon is 3500$
The moon has about 9,300,000,000 acres.
1 acre is
$19.99.
So, moon is in fact almost $200.000.000.000.
q.e.d.
45.
Post 11989574 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.22h):
But since we all are "the market", also the trolls, I'd rather read all bullshit too to get a good feeling which direction we're heading.
I doubt that the trolls make up a sizable portion of the market.
They're trolls because they feel left out, after all
46.
Post 12196768 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.24h):
If there is consensus right now amongst relevant actors, it's that XT is not that solution.
Depending upon the definition of relevant actors.
I seriously doubt that "we", "the community" will be regarded as most relevant.
There is no "we, the people" in business.
47.
Post 12249332 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
there pretty much consensus about this, XT is a flop
BIP100 is looking promising, i think if they tweak it a bit to address some people's paranoid concerns about it, its going to win.
Right now, it looks more like the "industry" wants XT and the pools seem to want "something else".
Nobody even bothers to ask what the community wants, since we're all just a bunch of nerds sitting in their mom's basements and trolling each other.
But I agree, XT/BIP 101 doesn't look like it's going to fly.
48.
Post 12249578 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
The "industry" is nothing more than VC-tit sucking "entrepreneurs" being lobbied by Gavin & Mike. They're as clueless as they come.
It doesn't matter if they're talking kittens from outer space, the ones running the show have the weight.
miner vs "industry" vs developer
which one is really running the show ?
Money talks. People listen.
49.
Post 12249677 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
A bunch of startups "running the show".... Gimme a break
What do you think would happen if it came to a fork of some kind, let's not necessarily assume XT/Core but anything else.
Bitpay choses to no longer process payments coming from one chain but only from the other.
Which chance of survival would you give the other chain?
I'd say zero.
50.
Post 12249795 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
A bunch of startups "running the show".... Gimme a break
What do you think would happen if it came to a fork of some kind, let's not necessarily assume XT/Core but anything else.
Bitpay choses to no longer process payments coming from one chain but only from the other.
Which chance of survival would you give the other chain?
I'd say zero.
Bitpay's "payment processing" is an irrelevant, marginally small aspect of Bitcoin as it is now.
Are you really under the impression that people are actually buying stuff with Bitcoin? By that I mean any significant amount?
It doesn't matter how marginally tiny the effect is.
Two coins, both alike, one with the added benefit of being usable in thousands of online stores, the other not so much, that's a no-brainer.
51.
Post 12250467 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
I thought this debate made it clear that no one w/ half a brain really cares about spending Bitcoin at online stores. If Bitpay decides for some reason to support Bitcoin XT then by all means go ahead. They'll be left with no users in no time. The economic majority (people who actually hold coins) couldn't care less what Bitpay decides to do, they're not trying to spend their coins anyway.
You obviously don't seem to understand the peculiarities of a fork here.
For anyone holding Bitcoins before the fork, there'd be a huge incentive to spend their coins on the chain they don't feel like supporting. After all, they would still hold all coins in their respective preferred chain, while at the same time, they could go shopping "for free" with their assumed worthless Altcoins. Basically, the more convinced you are that you're on the "right" side of the chain, the stronger your motivation to push the "wrong" side.
52.
Post 12257818 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
if XT is officially dead, what will be the role of Gavin and Hearn, friend or foe ?
XT remains a valid implementation of bitcoin as long as its 75%-vote-fork-thingy doesn't happen.
So, they'll basically just be two developers of another implementation.
53.
Post 12258403 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
if XT is officially dead, what will be the role of Gavin and Hearn, friend or foe ?
XT remains a valid implementation of bitcoin as long as its 75%-vote-fork-thingy doesn't happen.
So, they'll basically just be two developers of another implementation.
Since it will not reach the 75% threshold and the blocksize debate is solved, why they would continue working on XT ?
There should be more than one implementation of the bitcoin protocol.
Also, there might be legitimate use cases for "enterprise" style full nodes etc.
I could think of a thousand reasons why XT could be useful, but the most important ones will likely be the ones I can't imagine right now.
54.
Post 12309584 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.25h):
.. when they can make their own at a zero start point.
And why do they need miners? they can do it themselves with their own computers and networks.
That technology was already invented ages ago and is called MySQL. They are already using it.
<nitpick>DBMS, not MySQL (one implementation of an RDBMS "speaking" SQL which was programmed when DBMS were already decades old)</nitpick>
55.
Post 12810403 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.29h):
are we rich yet??
What is that?
Counting worthless paper?
A man's gotta see if he's got enough paper for his wallets
56.
Post 12897756 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.32h):
How often did I read this
one time more ;-)
This time, it's
different.
The next 24 hours are critical.
57.
Post 12903326 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.32h):
LOL at the double-digit speculators. That will never happen again, sorry.
Double digits for satoshis? Unlikely, not unthinkable, though
58.
Post 12931936 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.33h):
That looks more like Mars is crashing into the Earth.
It also looks like the subsequent crash into Earth will no longer be a problem, since everyone's already been killed by huge tsunamis caused by Mars' gravitational influence at that point
59.
Post 13122297 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.35h):
reason: plans to make banks buy large amount of BTC to pay ransom failed.
60.
Post 13808407 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_14.43h):
I wonder if it is accurate... ?
Probably. But the real question should be "is it meaningful"?
I wonder if the "lines of code" take into account the submittal of hundreds or thousand of lines of translations of interface text, for example.
E.g., Pieter merges a dutch language file and gets several thousand lines of code added to his "stats".
Edit, P.S.: see for example
https://github.com/bitcoin/bitcoin/commit/b1f031d43520825c9288dfbfb410b0065e6732a6
61.
Post 18970517 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.09h):
So it looks like we will go for $2000 I think.
It may not quite make 2000 but tonight I'm gonna party like it's $1999.Sweet memories:
It may not quite make 20 but tonight I'm gonna party like it's $19.99.
62.
Post 24536622 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.27h):
Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out. If you don't have inside information, you're at a significant disadvantage when trading.
I take that as a public confession of insider trading.
I hope you are aware of the fact that insider trading is illegal in practically any jurisdiction in the world?
If you are even somewhat representative of the Bitcoin Cash crowd, I shall from here on after call the Bitcoin Cashers crooks.
63.
Post 24537000 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.27h):
You mean the CEO of Bitcoin Cash -- Rick Falkvinge -- isn't allowed to trade bitcoin?
If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world.
Well, most likely not jail, but a hefty fine
64.
Post 24537325 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.27h):
If he trades based on insider information, as you implied, and this can be proven in court, he will go to jail in most countries in the world.
Well, most likely not jail, but a hefty fine
There are no laws anywhere when it comes to crypto trading as far as I know.
Then you simply don't know the usual wording of laws against insider trading.
I can't know for all countries, obviously, but at least in the European Union insider trading applies to basically anything being traded.
I.e., it doesn't matter whether crypto currencies are "in the law" or not, trading them on insider information is illegal.
65.
Post 24537389 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.27h):
How do you continue to wear your "Bitcoin Foundation" flair ?.
Offtopic, but just out of curiosity: do you know what the Bitcoin Foundation does today, or who works for them?
The Foundation has changed a lot.
66.
Post 24538285 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.27h):
Time for Bitcoin Cash Doubleplusungood
67.
Post 24926235 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.28h):
Without all the splits McAfee would almost certainly be eating his dick soon.
The other way round.
His dick eats McAfee
68.
Post 25267556 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_15.29h):
69.
Post 53632625 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_17.12h):
This is something I could get my wrist around.
Wouldn't that hurt?
70.
Post 53632746 (copy this link) (by qwk) (scraped on 2020-04-04_Sat_17.12h):
I have a dream, that the next time we cross $9,000, it will be the last time we ever see Vegeta memes.
One day, my boy, a satoshi will be over 9,000!
