All posts made by Tyr808 in Bitcointalk.org's Wall Observer thread
1.
Post 40044470 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
Miners won't let the price fall to 5000.
This is only one aspect to the manipulation that’s been going on since September. However if you look at the hash rate, it’s trending upwards, almost parabolically. This is because asic miners are in excess and they can ship them out much faster than last year, when demand was at ATH. Coupled with strange miner confidence in bitcoin which I cannot explain. Even if you ignore hashrate increase, assume miners do not leave bitcoin, and look at the price vs. block difficulty by the end of the year, profitability approaches 0 in all cases from 7500-10000. If miners switch, it can alleviate this pressure, but who will be leaving and who can afford to weather this storm currently? Big farms are more economical than small miners. It seems like an effort to weed out small miners and their coins, while centralizing mining, all while they can make money by liquidating people on longs/shorts. If it wasn’t a manipulated market I wouldn’t believe this, but it seems likely. I welcome regulations and investigations into market manipulation. After all, exchanges are the only ones who can see real volume.
2.
Post 40071215 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
Miners won't let the price fall to 5000.
This is only one aspect to the manipulation that’s been going on since September. However if you look at the hash rate, it’s trending upwards, almost parabolically. This is because asic miners are in excess and they can ship them out much faster than last year, when demand was at ATH. Coupled with strange miner confidence in bitcoin which I cannot explain. Even if you ignore hashrate increase, assume miners do not leave bitcoin, and look at the price vs. block difficulty by the end of the year, profitability approaches 0 in all cases from 7500-10000. If miners switch, it can alleviate this pressure, but who will be leaving and who can afford to weather this storm currently? Big farms are more economical than small miners. It seems like an effort to weed out small miners and their coins, while centralizing mining, all while they can make money by liquidating people on longs/shorts. If it wasn’t a manipulated market I wouldn’t believe this, but it seems likely. I welcome regulations and investigations into market manipulation. After all, exchanges are the only ones who can see real volume.
People don't seem to understand that miners can and will mine at a loss. The only real limit is that it be cheaper than other forms of money laundering.
Please elaborate - you mean money laundering is what mining is all about?
3.
Post 40071376 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
I read through the Tether manipulation paper. IMO it made two convincing points:
#1 Someone has a habit of doing this:
- Issuing new USDT
- Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex
- Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers.
- Moving the resulting crypto back to BitFinex
- Rarely or never selling the crypto for USDT again
The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation. But the authors didn't address the alternative possibility of this being a particularly ham-fisted whale who is a close partner of Tether.
#2 Due to end-of-month trading, Tether has probably always been trading with USD deposited with them (fractional-reserve), though at least until March 2017, USDT was probably not complete monopoly money, since they did go to the effort of achieving an end-of-month USD balance.
The authors also tried to argue some other points which I didn't find convincing.
I took the paper's data at face value. There were several points where I thought that they could be cherry-picking data, but it's too difficult to check this sort of thing. Cherry-picking / confirmation bias is especially easy to do with block-chain analysis. And I know for a fact that their method of grouping block-chain transactions is not robust in general, though it probably was sufficient for what they did here.
I've thought for a long time that USDT is almost certainly a scam, and this paper makes me think so even more. Though I was actually a little surprised that this provides evidence (via the end-of-month trading) that USDT ever had any real USD.
The paper estimates that if you removed the USDT issuance events which the paper's authors regard as most likely to be BTC price manipulation, the BTC price would be $4100 as of March 31. But that's based on a whole pile of assumptions; I wouldn't give it much credence. I think that the collapse of USDT will be mostly limited to the obvious direct effects (ie. some exchanges would have major troubles, there'd be many people stuck with worthless USDT, etc.), and there would not somehow be a natural "rollback" of any gains which monopoly-money USDT may have driven. Also, the paper makes clear that all major crypto was affected, often much more than BTC, so this isn't any sort of argument against BTC in particular.
Very interesting paper Theymos.
My two points:
1. I won't keep a cent in Bitfinex because there's a chance this will end very badly.
2. SHingTF won't result in a BTC price correction. USDT holders will be the ones paying the price. I don't see how things could go differently from this.
---
To anyone thinking BTC price will drop once the USDT shenanigans are exposed:
Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.
One day an astronaut arrives from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.
One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.
Will the price of diamonds go down?
Nope.
The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.
What happens next? A few possibilities
1. Other astronauts from other planets will come back with fake shells, but hopefully the fishermen won't be fooled (regulations on the crypto market coming next)
2. A proxy will come back to sell the astronaut's diamonds amd he'd be ready to cash them out at a slightly lower price via OTC trades.
3. Fishermen will lose faith in shell-to-diamond trades and will prefer gemstone-to-gemstone P2P trades (raise of dex vs centralized?)
4. The space police will find the astronaut and force him to refund those he gave fake shells to; he might do that with giving them back diamonds or other gemstones.
5. Etc
4.
Post 40072745 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
I read through the Tether manipulation paper. IMO it made two convincing points:
#1 Someone has a habit of doing this:
- Issuing new USDT
- Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex
- Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers.
- Moving the resulting crypto back to BitFinex
- Rarely or never selling the crypto for USDT again
The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation. But the authors didn't address the alternative possibility of this being a particularly ham-fisted whale who is a close partner of Tether.
#2 Due to end-of-month trading, Tether has probably always been trading with USD deposited with them (fractional-reserve), though at least until March 2017, USDT was probably not complete monopoly money, since they did go to the effort of achieving an end-of-month USD balance.
The authors also tried to argue some other points which I didn't find convincing.
I took the paper's data at face value. There were several points where I thought that they could be cherry-picking data, but it's too difficult to check this sort of thing. Cherry-picking / confirmation bias is especially easy to do with block-chain analysis. And I know for a fact that their method of grouping block-chain transactions is not robust in general, though it probably was sufficient for what they did here.
I've thought for a long time that USDT is almost certainly a scam, and this paper makes me think so even more. Though I was actually a little surprised that this provides evidence (via the end-of-month trading) that USDT ever had any real USD.
The paper estimates that if you removed the USDT issuance events which the paper's authors regard as most likely to be BTC price manipulation, the BTC price would be $4100 as of March 31. But that's based on a whole pile of assumptions; I wouldn't give it much credence. I think that the collapse of USDT will be mostly limited to the obvious direct effects (ie. some exchanges would have major troubles, there'd be many people stuck with worthless USDT, etc.), and there would not somehow be a natural "rollback" of any gains which monopoly-money USDT may have driven. Also, the paper makes clear that all major crypto was affected, often much more than BTC, so this isn't any sort of argument against BTC in particular.
Very interesting paper Theymos.
My two points:
1. I won't keep a cent in Bitfinex because there's a chance this will end very badly.
2. SHingTF won't result in a BTC price correction. USDT holders will be the ones paying the price. I don't see how things could go differently from this.
---
To anyone thinking BTC price will drop once the USDT shenanigans are exposed:
Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.
One day an astronaut arrives from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.
One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.
Will the price of diamonds go down?
Nope.
The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.
What happens next? A few possibilities
1. Other astronauts from other planets will come back with fake shells, but hopefully the fishermen won't be fooled (regulations on the crypto market coming next)
2. A proxy will come back to sell the astronaut's diamonds amd he'd be ready to cash them out at a slightly lower price via OTC trades.
3. Fishermen will lose faith in shell-to-diamond trades and will prefer gemstone-to-gemstone P2P trades (raise of dex vs centralized?)
4. The space police will find the astronaut and force him to refund those he gave fake shells to; he might do that with giving them back diamonds or other gemstones.
5. Etc
If diamonds were a speculative asset like BTC, the price would go down.
I don't know how much BTC could be deemed a speculative asset. Nations, wikileaks and politically unstable countries have used it as a way to store or move capital.
But anyway even if it was almost entirely a speculative asset, why would the fishermen's diamonds price go down?
5.
Post 40073610 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
I read through the Tether manipulation paper. IMO it made two convincing points:
#1 Someone has a habit of doing this:
- Issuing new USDT
- Within days, moving that USDT to BitFinex, Bittrex, and/or Poloniex
- Using that USDT to buy crypto (seemingly a portfolio of BTC & others). They especially like to buy crypto when the price is just below whole numbers.
- Moving the resulting crypto back to BitFinex
- Rarely or never selling the crypto for USDT again
The authors argue that this is Tether/BitFinex themselves, and I think that this is in fact the most likely explanation. But the authors didn't address the alternative possibility of this being a particularly ham-fisted whale who is a close partner of Tether.
#2 Due to end-of-month trading, Tether has probably always been trading with USD deposited with them (fractional-reserve), though at least until March 2017, USDT was probably not complete monopoly money, since they did go to the effort of achieving an end-of-month USD balance.
The authors also tried to argue some other points which I didn't find convincing.
I took the paper's data at face value. There were several points where I thought that they could be cherry-picking data, but it's too difficult to check this sort of thing. Cherry-picking / confirmation bias is especially easy to do with block-chain analysis. And I know for a fact that their method of grouping block-chain transactions is not robust in general, though it probably was sufficient for what they did here.
I've thought for a long time that USDT is almost certainly a scam, and this paper makes me think so even more. Though I was actually a little surprised that this provides evidence (via the end-of-month trading) that USDT ever had any real USD.
The paper estimates that if you removed the USDT issuance events which the paper's authors regard as most likely to be BTC price manipulation, the BTC price would be $4100 as of March 31. But that's based on a whole pile of assumptions; I wouldn't give it much credence. I think that the collapse of USDT will be mostly limited to the obvious direct effects (ie. some exchanges would have major troubles, there'd be many people stuck with worthless USDT, etc.), and there would not somehow be a natural "rollback" of any gains which monopoly-money USDT may have driven. Also, the paper makes clear that all major crypto was affected, often much more than BTC, so this isn't any sort of argument against BTC in particular.
Meh. First it was the Willy Bot now its Tether.
There is no unseen force causing bull markets just as there is no unseen manipulation causing bear markets and corrections.
If the Willy Bot was for real, how is it we went to $20k anyway just a few years later?
Or am I suppose to believe that the peaks would have been $100 and $4100 in '13 and '17 if willy bot and tether never existed?
Why can't people just accept that there are millions of people on now dozens of exchanges in dozens of countries buying and selling. Every single one of these people is buying and selling based on some human emotion(s). THATS WHY THE MARKET GOES UP AND DOWN.
Would have made sense until a few years ago.
But today that looks like a rather simplistic view of market dynamics. It completely keeps out of the equation the tremendous impact of derivates, and the resulting market manipulation that can be determined by their use.
It has to be "unseen forces".
6.
Post 40105975 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
To anyone thinking BTC price will drop once the USDT shenanigans are exposed:
Imagine there's a small planet of fishermen who use shells as currency. There's a limited supply of shells.
One day an astronaut arrives from an advanced planet; he carries a secret device which allows him to create several fake shells.
For some weeks the astronaut buys a lot of local diamonds (unique and also limited in supply). He pays with his synthetised shells but the fishermen don't know they're fake and thus his market demand drives the diamonds prices up.
One day the astronaut returns to his planet with the diamonds and then the fishermen find out all the shells he gave them were fake and have now turned to ash.
Will the price of diamonds go down?
Nope.
The fishermen will still use shells to buy diamonds, and astronaut gone or not, there's still the same amount of shells around and the same amount of diamonds.
Kinda like the way the wealthy elite have gamed the system to print fiat out of thin air, then turn around and use it to buy real assets (businesses, stock shares, real estate, PMs, etc.) with that printed fake money. The assets themselves never really go down in value, but the fiat purchasing power sure does.
One day it'll all hyperinflate and go poof. And then they'll reset and start the game all over again.
Not exactly the same; Federal Reserve (and other central banks) do not create money out of thin air as they need to be solvent for what they emit (which with fractional reserve must be indeed only a fraction of their output); they do however profit from the interest generated by this multiplied supply they emit. This interest is "out of thin air" generated revenue - yes.
But whoever issues USDT goes even further than this, as they do actually create money out of thin air.
Even calling it Monopoly money is a compliment since USDT doesn't even cost paper.
7.
Post 40106607 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
Hey it'll probably spike down to sub $600!! /s
When bearish calls get really stupid, the bottom is close.
As scary as this sounds, I wouldn't be surprised if that happened. I am at the stage where all I do is pray and hope while fearing the worst. Anything under $5k, and its full panic station.
It's not scary, it just makes little sense for the circulating supply of bitcoin* to go below 12.6 billion $.
Block.one (that eos crap) alone raised $4b.. with all the approval bitcoin has had in the world (wikileaks.. IMF.. entire countries) it is silly to think nobody would buy the heck out of that dip. But it will never happen.
Realistically anything below 3000$ is science fiction.
* 21 million is the total number of bitcoin which will exist at most but do keep in mind that several of those have been forever lost (deceases, lost private keys, etc) thus the real circulating supply is lower than that.
Tl; dr: notsureiftrollingorjustverystupid.jpg
8.
Post 40109674 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
How is producing 10 times the amount of money you have...not printing money out of thin air?
If not out of thin air, where does the new money come from?
It is underwritten by 3rd party debt - either sovereign, corporate or person debt.
A bank cannot simply create money "out of thin air".. They need to get an economically productive entity to underwrite it / "back" it with a promise of future productivity.
This.
However the profit they get from the +interest+ received by lending that newly issued liquidity, is essentially free money.
Privilege in the hands of few which costed humanity wars, rapes, misery, poverty.
9.
Post 40116569 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
How is producing 10 times the amount of money you have...not printing money out of thin air?
If not out of thin air, where does the new money come from?
It is underwritten by 3rd party debt - either sovereign, corporate or person debt.
A bank cannot simply create money "out of thin air".. They need to get an economically productive entity to underwrite it / "back" it with a promise of future productivity.
This makes no logical sense (although it is taught like this in universities). Money is supposed to represent production. It can only originate from production. Creating money to "represent" debt or future production is literally creating money "out of nothing". This is the problem with the current system, it is backwards and only exists because it allows governments and corporations unlimited power to steal from producers.
Real money can only be created out of production and only after this has happened, can it be borrowed to create debt, not the other way around. The current monetary system is not real money, it is a house of cards built on decades of mind-fucking the public. There will be an awakening.
You and many others in this thread are basically saying
"Fractional Reserve is shit"
Let's not forget it's backed by Proof of War.
10.
Post 40142798 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.58h):
You and many others in this thread are basically saying
"Fractional Reserve is shit"
Let's not forget it's backed by Proof of War.
It should be obvious, but this fact seems to have escaped your attention: the fact that fiat is backed by proof of war does not lead to a conclusion that it is not shit.
Relatively speaking.
It's shit for the have-nots of course.
For the have-a-little-and-want-more it could be good or bad according to whether one is able to use it at their advantage (id est: successfully throwing earl liquidity in the rat race).
The biggest critique to full reserve systems resides in the fact that where the lender is not intrinsecally motivated to assume the risk, there is less space for businesses to fluorish without that initial money-debt boost.
The price for that is very high of course.
11.
Post 40558279 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Traps aren't gay.
That's all.
Actually even pornhub confirms that.
If you tick you only want to see straight porn, trap videos stilk show up.
If pornhub says traps are not gay, then so be it.
By the way what is Peter Todd rambling about?? Increasing the btc supply??
12.
Post 40569713 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
By the way what is Peter Todd rambling about?? Increasing the btc supply??
Link or it didn't happen.
13.
Post 40569943 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Bearish:
......................
By the way what is Peter Todd rambling about?? Increasing the btc supply??
Any link to it?
Its stuff like this i'm glad alternative like bch exist. Or another fork incoming the limited edition and the unlimited one.
One thing you dont do is change rules midway through game. Dont fix something not broken.
That post by Todd is indeed slightly concerning
But considering bcash as a serious alternative is overracting.
14.
Post 40593640 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
You know when sock puppet troll accounts are posting 4-5 times in a row, we've hit the bottom of the market.
Can the names MarcusOfAugustus, JayJuanGee, Torque, Last of the V8's, and d_eddie be considered anything else than mindless bitcoin shill troll accounts? Most of these people even claim the price going down is "bullish".
Just as an experiment, I went around a few days ago looking for where millenials hang out online to ask them about their interest in bitcoin. I was like, you guys need to sell some of your bitcoins and buy some silver. Every single one replied they had zero interest in bitcoin and have never owned any lol. So both the baby boomers and millenials are allergic to these things.
Millenials are also flat out destitute and couldn't buy them even if they wanted to, while boomers are only going to touch mega-safe investments. If stocks falter, they are going straight to precious metals and never touching shitcoins with a 10 foot pole. So who are the greater fools for shitcoins supposed to be? Even people who are both technically capable and have money that I know, if they did not get in on the ground floor themselves, their brain automatically labels it a Ponzi scheme and won't touch it.
Depends on the country. Japanese and Korean millennials go crazy over btc.
15.
Post 40638225 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Much Wow. Tubgirl/Goatse dot (cx)/Lemonparty/?
That's so last millennium. Dude.
I heard Richard Paul Astley has a new song about crypto. It's called Rick-Something-Crypto-mumble Roll.
Nowadays in 4chan it's just traps everywhere and the occasional brazilian fart video from good ole MFXvideos.
How cool was/b in 2010 though.. I still remember the bitcoin begging threads with people getting bitcoin for free, they were like beads back in the days.
16.
Post 40705701 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Ok!
It is now *obvious* that there's some PRIVILEGED miners who have access to ASIC machinery still unreleased and unannounced, which allows them to mine a bitcoin at a much lower price and thus making them eager to sell in the low 6000s still at a profit.
17.
Post 40708660 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Ok!
It is now *obvious* that there's some PRIVILEGED miners who have access to ASIC machinery still unreleased and unannounced, which allows them to mine a bitcoin at a much lower price and thus making them eager to sell in the low 6000s still at a profit.
https://twitter.com/bitPico/status/1010212334726508550
What did he meant by "let's see if the bears have the balls to double our money"?
18.
Post 40709162 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
What did he meant by "let's see if the bears have the balls to double our money"?
It means If they try to lower btc's value to $4.5k, it will be a matter of time for btc to jump back at $8-9k+. At $4-5k It is no brainer to buy some. It is a sure bet. Easy money.
Don't you think btc will make a comeback and hit
at least $9k again? If it goes lower, than 6k, it just means free money.
According to what it will bounce to 9k?
19.
Post 40709391 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
What did he meant by "let's see if the bears have the balls to double our money"?
It means If they try to lower btc's value to $4.5k, it will be a matter of time for btc to jump back at $8-9k+. At $4-5k It is no brainer to buy some. It is a sure bet. Easy money.
Don't you think btc will make a comeback and hit
at least $9k again? If it goes lower, than 6k, it just means free money.
According to what it will bounce to 9k?
My experience. I'm a farseer.
You just pull numbers out your ass.
20.
Post 40709764 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Ha you have a point I must admit.
21.
Post 40711160 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Altucher was literally the face of December's bubble.
That fucker stole 95% of his theories from other people self-improvement books, most importantly that four-legged wellbeing thing.
By the way still amusing to read when he talks about the nastiest shit which happened to him. Probably a manic depressive and admitted several times to have had contemplated suicide.
22.
Post 40712328 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
What a bunch of shit charts. Thanks goodness the Ignore button exists.
23.
Post 40772454 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
The most important invention since the birth of the internet, Bitcoin, is worth less than one fucking person... Jeff Bezos.
Uber is worth 70-80 billion and Bitcoin 100 billion. If you are unwilling to recognize the retarded discrepancies, then you deserve to be broke. This crash is fueled by a few big players and backed up by the clueless stampeding fools. Like with all the major Bitcoin crashes throughout the years
In your opinion how much should btc total market cap be worth today?
24.
Post 40912468 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Question of the day. How can there ever be a bear market affecting BTC, when tether can and will eventually be printed in great quantities?
25.
Post 40912618 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
How can there ever be a bear market affecting BTC
Seeing is believing. Where have you been for the past 6 months?
6 months =/= bear market.
26.
Post 40912862 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
I am talking about something we have seen with silver, or at least 2-3 years of prolongued agony. Can't see that happen with tether printing injecting liquidity and wash trades inflating volumes.
Ad hoc.
27.
Post 40918024 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Andreessen Horowitz Launches $300 Million Bitcoin and Cryptocurrency Fund The fund will invest in non-speculative use cases which can promote adoption to the level of “hundreds of millions and eventually billions of people”, and will “invest aggressively” despite any sort of volatility or long-term bear market (a “crypto winter”).
$300 Million? Pffft. That's like 5 minutes of Tether printing.
Indeed, 300m is relatively very small.
The tipping point will be when (and if) bitcoin total market cap will reach 8 trillion, because then it will have surpassed gold.
28.
Post 40919993 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Question of the day. How can there ever be a bear market affecting BTC, when tether can and will eventually be printed in great quantities?
.. fuckin' love the smell of fresh tether in the morning..
29.
Post 40944370 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
...."So that is where we are today.
Bitcoin BTC has been taken over by the Bilderberg Group / Blockstream, deliberately crippled by small blocks & high fees, so people will have to use the Lightning Network (which is where Bilderberg Group / Blockstream will profit). This was pushed through via brutal censorship on the #1 & #2 Bitcoin communities (rBitcoin & BitcoinTalk.org, which are both controlled by Theymos)
Bitcoin Cash BCH continues with bigger block size limits, low fees, and the "P2P electronic cash system" vision as laid out by Satoshi Nakamoto's Bitcoin whitepaper."....
..."As Gavin & Mike were being pushed out, they tried to create the first "big block" fork of Bitcoin, called Bitcoin XT. The Blockstream / Bitcoin Core side hired a botnet operator to DDoS Bitcoin XT to death in its infancy."...
https://cryptoyum.com/discussions/how-bitcoin-btc-was-hijacked-and-why-bitcoin-cash-was-created/Published on: May 24, 2018
Weird what you find
And where meant to believe backstabbing CIA snitch Gavin Andressen (Even has support of the;
CIA
News
Network
in their media articles)
They drag Theymos name through the mud
Current debate is between distributed (run away from this) lightning network or completely decentralized (another big blocker type attack)
Lightning Network (which is where Bilderberg Group / Blockstream will profit)
Now LN is the Illuminati?
Lol is this how far Bcash shilling can go?
30.
Post 40950238 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Bcashies.
*rolls eyes*
31.
Post 40954789 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_15.59h):
Bitcoin is not for faggy everyday payments, here where both bcash and lightning network failed.
32.
Post 41434935 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
I am making a series of thread on why I am fundamentally bullish on Bitcoin in the long run.
It's all constant fundamental drivers which make a prolongued bear run a logical impossibility.
Feel free to contribute even if you disagree.
Reason 1: tether
https://bitcointalk.org/index.php?topic=4545260.0Reason 2: decreasing actual CS
https://bitcointalk.org/index.php?topic=4591217More to come.
33.
Post 41466040 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
out-fucking-standing!
praise Bob
Fuck I hate leftists.
34.
Post 41509302 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
I wonder if I am the only one noticing that as people here reveal certain political inclinations it sometimes seems to line up with a prevalence to back or reject the big blocker / bcash / anti Segwit lines of thought.
Interesting observation.
35.
Post 41522447 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
> Ben Garrison
My fucking sides, we truly live in the best times ever.
36.
Post 41526015 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
> Ben Garrison
My fucking sides, we truly live in the best times ever.
I remember an election or two hence, when he won 3rd place in one of the states... and the news reported number one, two, and four, pretending he didn't even exist.
He is one of us.
I have a vivid memory of that. Ron Paul was boycotted big time, and back in the days the whole 4chan supported him almost unanimously.
Then they tried again with Trump, and made it.
37.
Post 41668082 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
Roger Ver is a fucking liar who's trying to steal Bitcoin from Satoshi Nakamoto.
He bought bitcoin.com and several news / media shills all around the world, and plays on making the uneducated believe that bcash is the real bitcoin.
38.
Post 41673491 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
This is why americucks hate the fed.
Should've bought cryptos instead of the college meme.
USA is now world series of povos.
39.
Post 41748933 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
As they say, if you're not a liberal at 20, you've got no heart.
If you're not a conservative at 30, you've got no brain.
40.
Post 41828941 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
41.
Post 41880617 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
42.
Post 41905463 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
Lots of nastier (legal) porn is being produced thanks to bitcoin actually, and that is an extra reason why bitcoin won't go away.
Millennials need stronger porn than previous generations due to abused serotoninergic circuit.
43.
Post 41933708 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.00h):
White trannies are so fucking ugly. How can conehead think he can look like a woman with that male pattern baldness is out of my understanding. Bcashies..
44.
Post 41994867 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
ETF coming on 10th August. Very good for the price short term.
45.
Post 42003380 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
It has become apparent that mainstream is pressing everyone to think bitcoin -0.18% is going to $3,000
the financial networks have everyone believing that $3,000 is where to buy
what do you think the expert traders are doing?
do you think they are going to wait for $3,000 to buy in with the rest of everyone else who gets their info from the boob tube?
or do you think they are using all this time that we are under $10,000 to stock up?
non-commercial shorting (dumb money) is at record levels.
it is almost comical how many so called experts believe we are heading lower
my lawn guy, the barber, the car wash attendant, whatever.
46.
Post 42017930 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
ETF coming on 10th August. Very good for the price short term.
If they approve one they need to that with all of them. More countries will follow, everybody wants a piece of the pie.
True. Short term gonna be good, but derivatives will mean manipulation at the power of two.
47.
Post 42201985 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
Last video of the Hodge twins they are super depressed and considering selling all at a loss. At the end even the topic of suicide emerged spontaneously.
Bullish.
48.
Post 42250714 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
Why is this thread 90% bullshit, merit circlejerking and off topics?
49.
Post 42385177 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
50.
Post 42387124 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
Last video of the Hodge twins they are super depressed and considering selling all at a loss. At the end even the topic of suicide emerged spontaneously.
Bullish.
Hodge twins confirmed contrarian indicator BTW.
51.
Post 42387533 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.01h):
Cramer is another contrarian indicator. But unlike the Hodge twins, who are a contrarian indicators because of double digit IQs (even when summed), he's just a manipulative lying filthy worm.
52.
Post 48033635 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.13h):
I heard of bitcoin in 2011-12 for the first time while it was largely associated with silk roads. Living hand to mouth at the time raising children and didn't have 2 nickels to rub together.
Then in late 2016 I met a guy who had loads of mining rigs living in Bali. He told me and everyone else he was processing data for large companies. No mention of coins. I discovered what he was really doing some months later and it was the shroud of secrecy around his "business" that led me to investigate and eventually discover the little known fundamentals behind bitcoin.
After much research it became clear to me that I'd found a peaceful revolutionary tool that aligned with and greatly enhanced my activism. Subsequent bull run of 2017 concreated this.
I might know the dude you're talking about. If it's him, he's now in Manila.
Actually good crypto scene in Indo, particularly Bali. Best in the whole SEA.
53.
Post 48033687 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.13h):
Craig Wright in particular completely and irremediably made an ass of himself when he proclaimed to be Satoshi yet could give no evidence whatsoever.
And his recent tweet made AFTER bitcoin dropped was cringeworthy.
Also puzzling how his SV is sitting at a mkap equivalent to that of ADA..
You have one solid project made by an Ethereum co founder and a team of pros, versus a spin off of an already debatable coin led by a guy with delirium of grandeur and -cherry on the fucking cake- that coin's existance isn't even acknowoledged by most exchanges. Wish I could short this shit.
54.
Post 48033910 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.13h):
I was heavily involved in trying to get Ron Paul elected in 2008 which involved keeping up to date on most things going on on Ron Paul Forums.
After the 2008 elections we moved forward with the liberty movement (which was usurped by the corporate Tea Party) and kept each other informed on various projects related to liberty and freedom. Bitcoin was mentioned early on, then mentioned more. I'd been a big gold bug and had always tried to figure out how to convert all of my money into gold while still being able to spend it. I figured if I could at least demonstrate how one person can do it, then it would allow others to do the same. Problem was that gold requires storage which costs money. Any gold credit/debit card charged a fee per use and a monthly storage
Dr Paul.. now that was the most solid candidate for POTUS I've ever seen in my lifetime. +merit and kudos to that.
Interesting to see Dr Paul's opinion on bitcoin now.
But I clearly remember back in the days most of my libertarian mates weren't that enthusiast on bitcoin because it's "backed by nothing!". How silly of me to listen to them, feeling like FML when I look back and think about the difference it could have made to my life.
55.
Post 48061454 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.14h):
S T I F F E D
T
I
F
F
E
D
56.
Post 48197300 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.15h):
bitcoinwisdom, for stamp is saying 2000 coins bought price goes up 40%. 2000 sold goes down 5%. anyone want to buy 2000 coins?
This ponzi is over, people called bitconnect a scam but the biggest scam was bitcoin all along.
Yeah yeah yeah you're not the first and not the last saying that.
57.
Post 48205351 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.15h):
bitcoinwisdom, for stamp is saying 2000 coins bought price goes up 40%. 2000 sold goes down 5%. anyone want to buy 2000 coins?
This ponzi is over, people called bitconnect a scam but the biggest scam was bitcoin all along.
Proudhon is that you ?
I may weep when Proudhon returns to taunt us.
Yeah, we better hope he doesn't come back before the next bull run:
Well, it's finally here. This is is truly the beginning of the end. And I'm serious. Wall street will put this thing out of its misery once and for all. We'll see 10k before the end of the year for sure. 2018 will be a horror show back below 1k. 2019 will be the year the world tries to figure out just what the hell happened. 2020 the world moves on and bitcoin becomes a memory.
The price will hit $5,000 again in 2018, and even approach $1,000. In 2019 the price will go below $1,000 on its way to complete collapse and failure. 2020 bitcoin will be done. Facts.
https://www.youtube.com/watch?v=A7TuFy0fcuwAnother wannabe nostradamus who doesn't give any fucking explanation on why bitcoin shall be doomed. Keep hearing this shit since years and years, yet bitcoin is still there.
58.
Post 48236815 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.15h):
A small distraction (OT) to btc pricing minutiae:
https://www.technologyreview.com/s/612458/exclusive-chinese-scientists-are-creating-crispr-babies/A daring effort is under way to create the first children whose DNA has been tailored using gene editing.
This would open a Pandora's box, most definitely.
All talk about current inequality is just about numbers that could be attained one way or another.
Not so simple if you are essentially MADE genetically different.
For maximum publicity they started with the gene that is accessory to HIV (CCR5).
No active CCR5 present, no HIV.
Will it stop there? Of course, not.
Seven percent of Swedes have that mutation, it apparently protects from small pocks and cholera as well as HIV.
That's interesting since DNA tests of old skeletons from graves show that a plague almost wiped out the Scandinavian population at about the same time as the yamnaya culture entered Scandinavia and brought with them the bronze age and the family structure that we still have in the western world today. Maybe that plague was small pocks and the survivors had that gene mutation.
Just a thought.
The Chinese have a program for identifying the genes that gives you high IQ, I bet you that there already are babies in china with altered IQ genes.
But this will also open up for cosmetic gene surgery. The most sold beauty product in black Africa and the Indian subcontinent is skin bleaching creams, I bet that we will see babies on these continents with genetically altered skin tone really soon, and that's just the beginning.
Personally I'm all in favor of of it.
The average height for males used to be around160 cm, if you look at the new teenagers the average is now 10cm taller than that. Lots of cancer though which makes it looks like it's just black market HGH given by the parents.
I wonder what China will look like when I get old. Lots of white tall highly intelligent HIV free chicks?
Damn I'm all for it.
59.
Post 48253319 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.15h):
One thing is for sure: demand for unconfiscable inmmutable censorship resistant money is here to stay.
60.
Post 48294345 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.16h):
Lads somebody call the cops on me cuz I'm literally STEALING by buying Bitcoin at those prices.
61.
Post 48344111 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.17h):
http://p2pfoundation.ning.com/m/profile?screenName=0ye0gncqg772oThis is supposedly one of the few Satoshi's profiles.
Check his activity. He just updated his status to "nour".
Someone hacked into his account or..?
Also quite a few 2010 and 2011 addresses never touched are now transferring out bunches of 50 BTC
https://mobile.twitter.com/CryptXO/status/1067521350598885377?s=20
62.
Post 48344244 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.17h):
Dormant address moving btc to binance is not a bullish short term indicator.
There is a possibility this might be Craig Wright in order to sell BTC for BSV. Besides he is about to deliver some sort of "big news" at the coingeek conference in about a couple of hours as far as I am concerned.
63.
Post 48344348 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.17h):
Also apparently Satoshi has made friend with this guy 10 hours ago.
http://p2pfoundation.ning.com/m/profile?screenName=g2de6gixt4x0
64.
Post 48345847 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.17h):
Yeah but today we've been FAKKT.
65.
Post 48346446 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.17h):
Craig Wright live speech in a few minutes:
https://vimeo.com/303663895
66.
Post 48361815 (copy this link) (by Tyr808) (scraped on 2020-04-04_Sat_16.17h):
Have anyone here ever received something like this?
It's called...THE EXACT SAME THING MtGox did right before they went belly up. They pile on a bunch of verification bs to try and prevent a 'run on the bank' so to speak, so every deposit is bogged down in endless red tape unable to do anything.
Indeed. Personally, wouldn't touch bitfinex (and bitmex) with a stick.
