All posts made by muyuu in Bitcointalk.org's Wall Observer thread
1.
Post 1875663 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.53h):
Nobody gives a damn about DDoSes anymore, because a lot of bears got hurt the last time they tried to panic sell on lag.
Darwin is taking care of the bears
2.
Post 2005449 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.55h):
Set your buys wisely and hope you catch the bottom before the next bull rush.
This.
Once silkroad/ TOR figure out how to deal with this and next week when the silicon valley hype money comes in, people are going to be kicking themselves for selling now.
I think VC money is smarter than just buying and holding BTC. They'll probably invest in infrastructure and have a steady income of BTC.
Buying and holding is very smart when you need coins for a business and you don't have any idea where they will be in a month's time.
3.
Post 2006147 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.55h):
Happy to be able to load some more on the cheap now that the onslaught of ASICs is going to make mining very tough.
4.
Post 2053909 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.56h):
Looks weird that people keep buying below 110$ over and over again. I dont think the dump is by all means over, 100$ will be visited and possible breached
These coins are all cheap. Leave the penny fighting for someone else
5.
Post 2092011 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.57h):
bull logic: "lets buy all the bitcoins and NEVER sell them to ANYONE
"
Sound logic. Why trade sound bitcoins for inflatable government tokens
6.
Post 2096905 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.57h):
7.
Post 2097341 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.57h):
The 1 thing that I didn't want to happen actually ended up happening. We broke out upwards. I have been wrong all along with my predictions and I feel like a complete coward. No $60 coins.
Anyways, BULL-mode is ON! Let's get them coins going real good!
Good thing you capitulate on time to get these sweet sub-$150 coins. Yeeehaa.
Choo choo motherfuckers.
8.
Post 2108594 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.58h):
Friedcat will sell more than 50 blades now.
Chooooo choooo.
9.
Post 2114764 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.58h):
I dont know what you mean by the 30 btc comment.
Ok, say I want to sell 4000 BTC for at least $115. I can't do it in one big swoop, otherwise I'll just trigger a panic sell.
Instead, I wait for the buy bids to creep up and sell to them, while making sure I don't sell lower than $115.
Obviously it works as well for buying.
All I'm saying is that I've witnessed someone(s) cashing out slowly.
Can't you make futures in ICBIT and sell them? I haven't tried that but it looks like the way to go in these situations.
As for big buys, they can be agreed off-exchange, as TangibleCryptograhy offers for American buyers. Under spot, even.
10.
Post 2119728 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.58h):
I am speculating a solid dump by Monday and prices to go down to 80 ish
Last week people dreamed about 50, now it's 80. This is escalating quickly.
11.
Post 2133174 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.58h):
No encrypted wallet even?
If that's true, man you're reckless.
12.
Post 2155032 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.58h):
I'm bullish. Trollish post count usually spikes just before the valuation does.
13.
Post 2187318 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.59h):
Bulls time.
Choo choo.
14.
Post 2204807 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_10.59h):
I'm liking chart Buddy's new angle. Much better.
Literally
Yep, this frontal angle is a lot clearer.
15.
Post 2424594 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.03h):
so it has 5x as much as bitstamp. but there's progress
Is Bitstamp a UK or Ukraine exchange?
Slovenia. I think the CEO lives in the UK but the company is in Slovenia.
16.
Post 2540856 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.06h):
Next stop 150.
17.
Post 2804116 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.11h):
Must watch the walls at Bitstamp too. Apparently it surpassed MtGox for the first time in volume.
18.
Post 2804876 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.11h):
Higher resolution would help too. Prices are blurry.
19.
Post 3128734 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.15h):
something is happening!!!! Look at this
[...]
Wow!
Below is my hypothesis / speculation (nothing more than a speculation of an old man) from yesterday of what I though MIGHT be possible today / tomorrow. I put my buy order aggressively low.
We'll see what happens if Gox's feed works again
Can you tell us more about your hypo? What backs it?
The lines, man
One goes straight down and the other one up then down. So, very short term he's going to be right. Longer term nobody will remember.
20.
Post 3409717 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.18h):
Are we going back to having weekend "attacks"?
Anyway good luck "cashing out", it's going way up to $300 soon.
See you there.
21.
Post 3452833 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.19h):
O lawd how the mighty fall. Hilarious to watch.
Funny how people think of something that could potentially be nefarious for bitcoin as hilarious.
Mtgox losing market share is hardly nefarious. Its great.
You are not still holding funds on Mtgox are you? Please say no.
Outside of Japan, only the bravest day trader (not the brightest, because they aren't even trading with margin) would spend anytime on Mtgox. It is the most expensive exchange with the worst customer service and obviously the worst underlying banks behind it.
There is no justifyable reason to trade or buy there.
A lot of USD users have funds stuck in Gox, whether they like it or not. Not everyone is able to precisely time the market to get out with a minimal loss. Nor can whales justify selling at a big loss on bitstamp. If they were to go down, a lot of funds would go with them, and that would only confirm the dangerous nature of ANY bitcoin exchange to potential newcomers, scaring them off. So yes, I think it would be nefarious to bitcoin as a whole if the largest exchange were to go down. Maybe you should look at the bigger picture of all this.
I personally applaud Gox for sticking through all of this. Even though they are not transparent, I believe they have no choice in doing so. If they were to make an announcement detailing all of the bank problems/lawsuits they are tangled up in, it would most probably cause a market panic. I believe that behind the scenes, they are making strides to solve all of this. Remember, Bitstamp is in just as big of a danger to have their accounts closed at the whim of new regulation coming through in regards to bitcoin. From what I've read Gox is trying to obtain bank status, which could potentially solve all of their problems. Contrary to Bitstamp, which is operating in conjunction with a bank.
A lot of USD users have funds stuck in Gox? Why? They have had ample time to buy BTC, move the BTC to another exchange and sell for a profit. The market is up over $100 in the last month. If they have $$ in Mtgox its because of a combination of greed and/or stupidity.
Whales can't justify a big loss? A big loss of 5% (a loss that is actually off the top of their profits, not an actual loss)? Really? Come on. Again, only greed and or stupidity would make that true.
The exchange going down? Why would that happen? They are making profits every day. There are helluva lot of Japanese traders in Mtgox getting their money within 3-5 days. I've personally spoken to many of them.
As far as Bitstamp is concerned, I believe they have already stated that they have redundancy in their banking.
I see you guys saw my post in reddit
Upvote for more visibility
http://www.reddit.com/r/Bitcoin/comments/1pn16k/the_tide_is_turning_3d_average_volume_1st/
22.
Post 3472068 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.19h):
no, gox is still the leading exchange. We saw it in every major increase / decrease in the last weeks. Every exchange waiting for gox to break a wall, seconds later all exchanges follow.
It looks to me like MtGox is following the Chinese exchanges right now. This latest increase for instance, follows the Chinese markets. Also, see the increase in volume and how it follows.
It did lead in the latest mini-crash, but that was 2 weeks ago and things seem to have changed drastically. MtGox is not even the second biggest exchange in volume right now.
23.
Post 3472720 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.19h):
the 2 increases today were initiated by gox, look at the volume and time in the diagrams.
right now, china is waiting for gox to break 219 or 220, then china will take 1300. Maybe im wrong here, will see in next minutes
Nope. BTCChina and GoXbtc were earlier to the rises than MtGox.
24.
Post 3483716 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.20h):
End of Day high - Contact!
Bitstamp reached a maximum of 259.34 in April.
25.
Post 3627991 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.24h):
lol her name is ramen
Tasty.
26.
Post 3636579 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.25h):
Bubble popped
and I couldn't cash out during the week.
ha ha, october 25
27.
Post 4007300 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.40h):
Just woke up...
Today, I really need it to go down
I'm afraid we're going into choo choo mode.
28.
Post 4009781 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.40h):
You know that those countries are part of Europe do you ?
4 United Kingdom 540
6 Germany 381
8 France 352
9 Netherlands 295
13 Sweden 172
14 Poland 127
15 Spain 107
Total : 1974... (and I did not dig below)
Russia is in Europe too (both geographically and culturally). Just not in the EU. Which places Europe above China.
29.
Post 4009971 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.40h):
You know that those countries are part of Europe do you ?
4 United Kingdom 540
6 Germany 381
8 France 352
9 Netherlands 295
13 Sweden 172
14 Poland 127
15 Spain 107
Total : 1974... (and I did not dig below)
Russia is in Europe too (both geographically and culturally). Just not in the EU. Which places Europe above China.
Only the very west (including Moscow). The rest is Asian.
90%+ of the population is European, in Europe and caucasian.
30.
Post 4037481 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.43h):
they have a point nan
when I woke up this morning there were 50 pages unread
just can't keep up
Yeah, sorry for being a grumpy old mare.
OK, well the gist of it isn't great.
I was pretty bullish about getting RMB out of China and after the "fall of the wall" considered getting funds into China…all in the sake of arb.
However, the communication I had with BTChina was fruitless.
I tried via Bank of China in Australia but they wont play and I tried via some of my HK contacts but again BTChina said no, only mainland China bank branches.
So, I guess Loaded is going to hit them over the head with a suitcase of money…see if that changes their position.
EDIT: One other thing to add is that BitPirate rmbtb exchange was amenable (lets say) but I haven't heard anything from him lately...I am really interested in what his take is on recent developments.
Thank you Nan.
So, to follow this a little further: You need to have a physical account in China. You would also need a physical account in Japan. Am I close?
You need to have an account with a branch in mainland China (Hong Kong and Macau are not considered 'mainland'); so Bank of China has branches here in Oz but they won't transfer money via one of their China branches to BTChina.
Er...not sure where Japan comes in.
If you want to operate in Gox with 1 day transfers, then that's what you need.
31.
Post 4053754 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_11.43h):
why is money flowing into DOGE? how did it even get onto the exchanges?
it's like people are treating it as a real cryptocurrency - wow.
I've had a few people at work ask me about altcoins. I think they feel they missed the Bitcoin train and are casting about for something similar to make money fast. I usually just roll up a newspaper and hit them with it until I feel better.
It's a good way to get them into the crypto train.
Once they've understood a number of things and the potential, they'd be trading for the reference crypto, Bitcoin, as the scrypt-coins battle it out for the power of the butthurt late GPU miners.
32.
Post 5227022 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_12.12h):
Now here is an interesting one. Blue line Dow Jones Index from 1928-1930, red one is now. Will it follow ?
I doubt that today is going to follow...... we are going to have approximately one more year worth of bullish stock market performance... Certainly, i am NOT an expert... just guessing...
Unless the Y axis starts at 0 it's bullshit.. the "old" line almost doubles in value, the "new" one clearly does not. Same thing with the total bid/ask charts posted from blockchain all the time here
edit: speaking about charts themselves, don't care about stocks too much.
The comparison is beyond stupid. The scale of the rise in the 20s is huge in comparison.
33.
Post 5248530 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_12.13h):
"We will update everyone again by Thursday at the latest"~mt. Gox Team
Way to exceed expectations, Guys.
Now it's at the soonest.
34.
Post 12620052 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Hold on to the wall
35.
Post 12626348 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
36.
Post 12631606 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
What would be the point to announce their launch just a few days in advance other than a pump? They could have announced it when it went live.
37.
Post 12635273 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Then the hard fork would be a non-event and NOTHING bad would happen from it.
lol, a hard fork being a "non-event"..
sounds like a true acaderpic.
Yes, "hard forks are terrible things" is part of the FUD that Blockstream created.
Maybe because they invented the concept of "soft fork", namely a change in the protocol that is deployed by the devs without the community being told about it; and that fits better with the time-honored hacker's approach to software project management.
They didn't. Gavin did.
38.
Post 12635413 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
I stand corrected. But it is Blockstream who is "selling" soft forks as if they were completely safe and different from hard forks, even though
there is no technical diffrerence between them -- especially since the possibility of miners cheating, hiding, or changing their mind about their preferences, before and after the fork, is no longer just a theoretical possibility.
Just because you say so in terms you just defined on the spot, it doesn't mean they are equally severe in all respects. There are real differences that cannot be obviated.
I agree that hard forks are not strictly more severe (it depends on each case). But the distinction is meaningful and there are technical differences between them that one shouldn't ignore.
39.
Post 12635901 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
I agree that hard forks are not strictly more severe (it depends on each case). But the distinction is meaningful and there are technical differences between them that one shouldn't ignore.
As I explain in the linked post, there is no technical difference. As the two events are usually defined, in both cases after the fork there are two versions of the rules, "permissive" and "restrictive"; and what happens next depends only on which version has the majority of the hashpower (which of course may change after the fork, and in principle could even go back and forth several times).
The system's evolution does not depend at all on which rules were in force before the fork (i.e. whether the fork was "hard"or "soft"). The only way to make the fork "safe" is for all miners to adopt the same version,
whatever that is, before the change is activated. If that is not possible, one must hope for a strong majority,
for either version, when the fork happens; so that the minority is motivated to switch too as quickly as possible.
Moreover, the soft/hard is an incomplete picture: there are changes that are neither restrictive nor permissive. In the extreme case, a "clean fork" is when the two rule-sets after the fork are totally incompatible -- no transaction or block is valid for both versions. IMHO, the safest forks would be such clean forks, at periodic pre-scheduled dates...
Of course there is a technical difference. The definition of the difference is purely technical.
And there is a major difference in what you are calling "safe". In the case of a soft fork, the miner risks mainly itself by not adopting the majority rule. In the case of a hard fork, the whole consensus on the valid chain can be at risk and there can be long chain reorgs. This doesn't happen in soft forks and this is a MAJOR difference.
40.
Post 12637670 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
A rule change is really safe only if all miners and all clients upgrade to the same version before the change is activated.
bitcoin is not a democracy. ergo, nobody "enforces" anyone.
Self-interest is supposed to convince all clients who care about their coins upgrade -- if the majority of the miners have decided to implement the change in the protocol, if clients are told that there will be a change, and if they are clearly warned that their software will stop working on date X, unless and until they upgrade.
Which makes soft forks inherently safer than hard forks
with respect to immediate forks. In soft forks, non-upgrading is neutral for other miners, loses money to the miner who doesn't upgrade. In hard forks, it depends. A hard fork without sufficient coordination is undistinguishable from a hostile fork, who loses depends on the outcome of the process. In the soft fork, upgrading is completely safe for the individual miner with respect to possible chain forks.
41.
Post 12654129 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Are we all billionaires yet?
42.
Post 12658527 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Top Gear: the scripted jokes are agonizing. The nice cars, JC rantings and beautiful filming make up a lot though.
+1
But because they are such shitty actors it's easy to see when they're genuinely having a good time.
And, they say what they think about the cars. Not what they're supposed to think. Who cares about boot space and mileage if you want to stab yourself in the head every time you drive your little diesel eurobox?
The show wasn't about cars for many years before they cancelled it. The reality is that little diesel euroboxes and tiny Japanese/Korean utilitarians are by far the best deals. The others are money pits for hobbyists and an ever-reducing market. They are a bit like the yacht market and their coverage will end up resembling that. Niche.
43.
Post 12658605 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
OT:
The issue with cars is: NOW is the time to buy the last real cars that were produced. Prices will skyrocket for those as now we will see even more downsizing, turbocharging, battery-driven, etc.... Take the 911 for example, there wont be any natural-aspirated 911s anymore! You dont have to be a genius to understand that the 997 and 991 will skyrocket in price soon enough.
It will be hardly a business except for the specialised professionals. Take the Testarossa 80s models (1987 seems popular), they cost more now than they did new. But who made money by buying a Testarossa and maintaining it for nearly 30 years? it's a terrible investment as such. Maybe classic car brokers can make a lot of money in commissions. That's the epitome of niche, you don't base a prime time show on that.
44.
Post 12659371 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
If that's something that gets you 350m viewers worldwide, then that's what you air.
It doesn't though. Certainly not anymore in the UK and similar markets, and that's why the show moved elsewhere and it will likely disappear soon everywhere. It's a matter of muscle cars and bigoted jokes getting out of fashion worldwide as a consumer business.
Few Testarossas stayed with one owner for 30 years. Those who bought it new got what they wanted. Those who bought them dirt cheap 10-15 years ago got a taste of the dreams of their youth. And those who bought them as an investment at half the price they are now, got what they wanted. I've yet to meet an unhappy Testarossa owner.
In any event, the number of people who dreamt about buying one but never did, is roughly 100000/1. That explains the popularity of the show.
I did as a 10 year old, but then I grew up and when I could afford one I realised it was a daft idea.
The show is no longer popular where it originated. It declined to the point of being cancellable, admittedly a little prematurely because of Jeremy Clarkson being a bit too chavy for his own good.
45.
Post 12674624 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Blockstream's first production sidechain:
Liquid reduces ISL [Interchange Settlement Lag] by allowing for rapid transfers between accounts held by the varied participants in a separate, high-volume and low-fee cryptographic system that preserves many of the security benefits of the Bitcoin network.
Bitfinex, Kraken, Xapo ... are all on board.
https://blockstream.com/2015/10/12/introducing-liquid/This should cut the spread considerably, and add stability. But competition might be a bit in question among these exchanges. Basically there is no big reason to use one or the other except than exchange and withdrawal fees (and maybe credibility). I think it's nailed that they will collude somewhat.
46.
Post 12676638 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.
It's kind of fun to see.
47.
Post 12676810 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.
It's kind of fun to see.
Which subreddit? I don't check in on /r/bitcoinxt that often but a quick look and things seem fairly innocuous. The sidechain thread has 6 comments.
Actual Bitcoin, not XT.
Have a look at the subreddit if you want to see the XT crew literally hurting and panicking that other scalability solutions are progressing, undermining their efforts to enforce 8GigaByte blocks and node de-anonymising code.
It's kind of fun to see.
Any links? All I see is people having a facepalm-moment.
48.
Post 12676949 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Looks more like core supporters are having a facepalm moment because BS (admittedly, fully living up to its abbreviation) basically relaunched Ripple.
right, sidechains with actual locked Bitcoins as backing are Ripple
Dude has completely it
Does he even realize what he is saying
As if that's not what they were doing all along
The panic is real.
49.
Post 12677061 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Dude has completely it
Does he even realize what he is saying
As if that's not what they were doing all along
The panic is real.
And oh, I like twisting words as much as the next guy, but you cannot assume that the person whose words you are twisting will twist his emotional state in the same direction.
What twisting? that's literally a screenshot.
Context here:
https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263
50.
Post 12677275 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
He is clearly not displaying panic.
That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:
(^
...
^)
Twisting aside -- that some share of the crypto cake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?*
* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.
51.
Post 12677519 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.
Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"
The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.
52.
Post 12677645 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.
For the spam justification of the limit you have to ask Satoshi.
Spam attacks have also been proven a very real threat.
Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"
https://en.wikipedia.org/wiki/Argument_to_moderation
53.
Post 12678108 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.
For the spam justification of the limit you have to ask Satoshi.
Spam attacks have also been proven a very real threat.
Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"
https://en.wikipedia.org/wiki/Argument_to_moderationOn 1: Wouldn't refer to him. Remember: "if (blocknumber > 115000) maxblocksize = largerlimit"?
On 2: As is the lack of confidence when (not if) we hit a proper, non-artificial bottleneck.
Think I'll stay with the moderate position, thanks.
There is nothing radical in not supporting XT. Being on the fence as in "half adopting" XT is simply a disingenuous stance. Sort of like the "atheism is a religion" argument. Or being on the fence about the Pol Pot genocide because opposing all murders is radical, "let's compromise and murder just half of the opposition and their families".
54.
Post 12678377 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
There is nothing radical in not supporting XT. Being on the fence as in "half adopting" XT is simply a disingenuous stance. Sort of like the "atheism is a religion" argument. Or being on the fence about the Pol Pot genocide because opposing all murders is radical, "let's compromise and murder just half of the opposition and their families".
Problem is, the public argument pretty quickly turned into a binary choice of sorts, pro XT vs. pro status quo. Given that choice, anything
other than being on the fence would be naive.
You are making this up in your mind. I'm not pro statu quo and most people aren't.
55.
Post 12679189 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Then, again, miscommunication -- unless you consider the likes of Mircea Popescu "not status quo", which would be just plain twisting of words.
I don't have any idea what his opinion is about this.
In other subjects in the past he's been completely right about the subject matter, excessive in his language. Something that has happened also to Luke. This doesn't make them any less right when they are right.
56.
Post 12679508 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.27h):
Then, again, miscommunication -- unless you consider the likes of Mircea Popescu "not status quo", which would be just plain twisting of words.
I don't have any idea what his opinion is about this.
In other subjects in the past he's been completely right about the subject matter, excessive in his language. Something that has happened also to Luke. This doesn't make them any less right when they are right.
Then again, how exactly is status quo an irrational stance?
Obviously there can be several takes on what does that mean in practice. If they mean "oppose any progress, change or improvement" then obviously I'm against that but then again who isn't? If the statu quo (more correct Latin grammar is statu quo not status quo) means "the system works let's keep it working", then I'm all for it, as opposed to breaking it with absurd decisions.
----
Jorge, we already had this exact same conversation, I'm not going to have it again.
57.
Post 12714876 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.28h):
I didn't see this image around and I felt like this would be the best thread to post it (instead of starting a new thread).
Bitcoin was mentioned at the beginning of Dope.
@Whoever said that we were crashing: the price is actively fluctuating. We have reached $270 again and came back to $266.91 again on Bitstamp.
Bloody hell. Is that what kids are wearing these days in America??
58.
Post 12715111 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.28h):
Bloody hell. Is that what kids are wearing these days in America??
Shirts? Yup. They came over from the Old World about three years ago. All the Americans I've met were delighted to throw those smocks away.
Is that all the remarkable clothing features you can distinguish in that pic?
59.
Post 12722142 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.28h):
so apprently i missed some big shit in my inactivity the last couple months...
bitcoin xt? satoshi actually posting something on the dev mailing list? wow.
and here the price action is going all interesting places.
interesting times indeed.
Oh man.
60.
Post 12727227 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.28h):
Volume on Gemini down to almost nothing again.
61.
Post 12737419 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_14.28h):
The auction does tend to move the price up and down due mainly to uncertainty.
Fortunately though, this is the last one. That should clear the way afterwards for an upward direction.
The announcement of the first USMS SR auction (2014-06-27; won by Tim Draper)
apparently caused a drop in the price on 2015-06-11, from ~650 to ~590, that was reversed on 2014-06-30 when the result was revealed.
The second auction (2014-12-04; won by a SecondMarket syndicate and a small bid by Tim Draper) had no discernible effect on price, that remained pretty stable at ~375 for about a week before and a week after it.
Abut a week before before the third auction (2015-03-05; won by itBit), the
price rose from ~240 to ~280, but probably for other causes. It remained stable through the auction, and had another small rise a few days later.
So it would seem that, after the first one, the market got used to the USMS auctions and ignores them (or "prices them in" well in advance).
This is the last USMS SR auction, but two more have been announced: the auction of ~24'500 BTC by the Australian government, and the auction or return of ~200'000 BTC by the MtGOX trustee, maybe by the end of the year.
When price drops it's "apparently because of the auction" and when it rises, it's "probably for other causes".
62.
Post 18284578 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_15.06h):
There are several problems with that.
1. Ver doesn't have that much BTC.
2. If he did, he certainly doesn't have anywhere near the balls to match Loaded
Ver supposedly voted here:
https://vote.bitcoin.com/arguments/bitcoin-unlimited-s-path-to-solve-bitcoin-s-scaling-issues-is-better-than-bitcoin-core-s... for BTU.
That means he has around 20K, tops.
63.
Post 18284600 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_15.06h):
Why would he bother voting when we already know how he feels?
Because he's an idiot? First comment is his.
I'd never identify myself like that, much less in his site. But he's a moron.
64.
Post 18284693 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_15.06h):
Maybe Loaded would be so kind to also vote on that poll
No, don't do that.
Bitcoin.com is not a trustworthy site to give any identifying information.
If I had voted myself the poll would look different as well.
Ver is all talk.
65.
Post 18284726 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_15.06h):
Anyway, fuck that.. if 20K BTC is all Roger BUr has got, there's not much more to see here. Let's Move on as usual.
If we assume he has a large hand in the Dash pump, I think it's also safe to say he can get his hands on an awful lot of that knackered old BTC if he's a little short right now.
He's a little, little roach compared to the likes of Loaded. But he gets a lot of airtime.
I don't understand why would anyone do that in this space. The probabilities of ending up shot go up exponentially.
66.
Post 18284862 (copy this link) (by muyuu) (scraped on 2020-04-04_Sat_15.06h):
Who the fuck are they kidding? BTU would crash so badly the first day it wouldn't be even funny. It would be cringe-worthy.
I sure hope Ver fucks off soonish. If he ruined himself then so much the better, but as long as he stays away I don't give a fuck.
