All posts made by SomaliRebel in Bitcointalk.org's Wall Observer thread
1.
Post 14909742 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.50h):
Aside from that I haven't seen anything really negative that'd cause a sizeable drop.
Anybody else agree?
Nothing in particular. Bitcoin simply failed to evolve, and now there are better cryptos, with more advanced tech.
2.
Post 14910898 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.50h):
If the Bitcoin exchange rate roughly doubles every 3 years due to halving (and hashrate rises in lockstep) and continues to do so for the next two decades, then its ROI rate will literally spank *every* other known investment in the world today that's been around for at least 7+ years or longer.
But of course the 'get rich quick' crowd won't or refuse to believe it, and will gladly part ways with their money on other scams and too-good-to-be-true "investments".
Conversely, if ETH exchange rate ...goes up by 1600%, what's the word I'm looking for? watevs, if ETH exchange rate increases roughly 16-fold every 5 months, and continues to do so for the next two decades, then its ROI rate will literally spank *every* other known investment in the world today that's been around for at least 7+ years or longer.
My stupid hypothetical more profitable than your stupid hypothetical. I win. brb, ether.
3.
Post 14911031 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.50h):
If the Bitcoin exchange rate roughly doubles every 3 years due to halving (and hashrate rises in lockstep) and continues to do so for the next two decades, then its ROI rate will literally spank *every* other known investment in the world today that's been around for at least 7+ years or longer.
But of course the 'get rich quick' crowd won't or refuse to believe it, and will gladly part ways with their money on other scams and too-good-to-be-true "investments".
Conversely, if ETH exchange rate ...goes up by 1600%, what's the word I'm looking for? watevs, if ETH exchange rate increases roughly 16-fold every 5 months, and continues to do so for the next two decades, then its ROI rate will literally spank *every* other known investment in the world today that's been around for at least 7+ years or longer.
My stupid hypothetical more profitable than your stupid hypothetical. I win. brb, ether.
ETH hasn't been around for 7+ years yet. In fact let's talk in just 12 months, when I'm sure the ETH price will be MUCH MUCH lower than it is right now. Many orders of magnitude lower in fact. Because ETH = SCAM.
No, ETH hasn't been around for 7 years, what's your point?
Not sure where you get the "roughly doubling every 3 years." In the first three years, BTC price has gone up by roughly infinity, as it does with all cryptos. In the following three, price went up to $1200, fell back to ~160, and recovered to 440 where it is now.
So "roughly doubles every 3 years"? Explain that shit.
Re. your edit:
>And ETH isn't even mined, it's premined crap. So no mining support.
You mean we don't have to burn progressively bigger mountains of Chinese coal when ETH price goes up? And don't have to worry about devs making backroom deals with the 5-9 people controlling 90% of the hashpower?
Whatever will we do ?!
4.
Post 14911134 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.50h):
If the Bitcoin exchange rate roughly doubles every 3 years due to halving (and hashrate rises in lockstep) and continues to do so for the next two decades, then its ROI rate will literally spank *every* other known investment in the world today that's been around for at least 7+ years or longer.
But of course the 'get rich quick' crowd won't or refuse to believe it, and will gladly part ways with their money on other scams and too-good-to-be-true "investments".
Conversely, if ETH exchange rate ...goes up by 1600%, what's the word I'm looking for? watevs, if ETH exchange rate increases roughly 16-fold every 5 months, and continues to do so for the next two decades, then its ROI rate will literally spank *every* other known investment in the world today that's been around for at least 7+ years or longer.
My stupid hypothetical more profitable than your stupid hypothetical. I win. brb, ether.
ETH hasn't been around for 7+ years yet. In fact let's talk in just 12 months, when I'm sure the ETH price will be MUCH MUCH lower than it is right now. Many orders of magnitude lower in fact. Because ETH = SCAM.
No, ETH hasn't been around for 7 years, what's your point?
Not sure where you get the "roughly doubling every 3 years." In the first three years, BTC price has gone up by roughly infinity, as it does with all cryptos. In the following three, price went up to $1200, fell back to ~160, and recovered to 440 where it is now.
So "roughly doubles every 3 years"? Explain that shit.
it appears to roughly 10X every 3 years
this time its different
this time its going to 100X
32,000$
Actually no, it appears roughly infinityX every three years. No amount of shitty performance after the initial infinity% rise from zero will make the average anything less than infinity.
Now if you wanna look at how much worse (than infinity) each consecutive 3-year rise was, otoh ...actually, don't. Shit's depressing enough as it is.
5.
Post 14911213 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.50h):
that's a really unfair and misleading way way to look at it...
Life is unfair, Buttercup.
That said, please buy bitcoins immediately at your local pharmacy, must form massive buy wall @440, which is currently being tested.
6.
Post 14965264 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.51h):
Small blockists are killing Bitcoin.
https://bitcoinfees.21.co/Which fee should I use?
The fastest and cheapest transaction fee is currently 40 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 9,040 satoshis (0.03$).It's short-sighted.
What is important is not today but
the future.
In the future there'll be more capacity to satisfy actual txs (not spammy near-zero cost txs). That much is a given.
So why the price is stagnating and VC investment is decreasing? Sure you computer geeks folks are cleverer than all the economic minded people on the planet.
"Economic minded people" = the only model they understand is one of centralization, trust and counterparties. Trustless peer to peer economy is a foreign concept.
Well no, economic models tend to
account for centralization, trust, and counterparties. Amongst other things. The most discriptive/predictive ones tend to get complex, with maths and stuff.
You, of course, reject them because
1. Decentralization itself is your objective (as opposed to maximizing wealth, knowledge, hippy stuff, etc.). If a model leads to solutions which do not require decentralization, into the trash it goes. Like rating cake recipes by the amount of Drano used. Angel food cake doesn't use
Drano decentralization? Bad cake!
2. You simply don't understand conventional economics.
Some people who think they understand "economics" by insisting on turning a decentralized system into a centralized one, simply don't get what Bitcoin is about.
If Bitcoin is about maximizing
the use of Drano decentralization, you're right. Some people see blockchains as interesting data structures, and play with them/try to adopt them to their needs. Naturally, they're starting to distance themselves from Bitcoin due to militant, dogmatic zealots like you.
Client-server databases are better for centralized systems. You don't need inefficient blockchains to do this work in a centralized manner.
Perhaps. But that's no reason for you to be upset
7.
Post 14966168 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.51h):
That 450 is like a gazillion volt electric cattle fence: One touch and bzzzrrrrp! ouchies!
owell, there's always the next time
8.
Post 14969890 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.51h):
Small blockists are killing Bitcoin.
https://bitcoinfees.21.co/Which fee should I use?
The fastest and cheapest transaction fee is currently 40 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 9,040 satoshis (0.03$).It's short-sighted.
What is important is not today but
the future.
In the future there'll be more capacity to satisfy actual txs (not spammy near-zero cost txs). That much is a given.
So why the price is stagnating and VC investment is decreasing? Sure you computer geeks folks are cleverer than all the economic minded people on the planet.
"Economic minded people" = the only model they understand is one of centralization, trust and counterparties. Trustless peer to peer economy is a foreign concept.
Well no, economic models tend to
account for centralization, trust, and counterparties. Amongst other things. The most discriptive/predictive ones tend to get complex, with maths and stuff.
You, of course, reject them because
1. Decentralization itself is your objective (as opposed to maximizing wealth, knowledge, hippy stuff, etc.). If a model leads to solutions which do not require decentralization, into the trash it goes. Like rating cake recipes by the amount of Drano used. Angel food cake doesn't use
Drano decentralization? Bad cake!
2. You simply don't understand conventional economics.
I do not "reject" them. Bitcoin's success *depends* on them.
We are in a town where there are 100 ice-cream shops (bank wires, western union, paypal and paypal clones, mobile payment systems, credit cards etc) but all these shops are offering just one flavor (=centralization).
Arguably, not having "decentralized" doesn't mean those 100 shops are offering "just one flavor."
Cherry Garcia and Chunky Monkey aren't "just one flavor," even though neither one contains chewy gizzards or rusty bolts. I'll even tell you why none of the hundred stores offer Gizzards 'n Bolts flavor: because it's a shitty flavor that no one in his right mind ever buys, that's why.
A new ice-cream shop opens and provides a new flavor, breaking the 100% "monopoly" of the previous flavor.
Again, there is no monopoly, people simply don't like Gizzards 'n Bolts.
This creates a booming market for the new entrant which starts at 0% and has enormous growth potential.
No. The reason a few quarts of Gizzards 'n Bolts got sold is not because it's a flavor the world has been waiting for, but because those quart containers were a convenient way to deal dope and launder money, in plain daylight. Unfortunately, the jackboots are on to that shit, hence dropping sales
Even if the new entrant captures ...just 1% of the pie of the centralized system, booom.
Please trust me when I say this: Gizzards 'n Bolts ice cream is kill, is not gonna catch on, not gonna capture 1% of the market.
Taste it FFS!
9.
Post 14970402 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.51h):
Arguably, not having "decentralized" doesn't mean those 100 shops are offering "just one flavor."
They are. The centralized and trusted flavor. There are multiple consequences of these natures which give the "icecream" of those 100 shops the same taste.
Reversible transactions, funds locked or frozen just because a third party (company or governments) decided so, safety and capital mobility issues with haircuts, capital controls etc etc.
That's the nature of that game. The other game is different.
No, they're not. Stop stubbornly choking down Gizzards 'n Bolts, cleanse your palate, and soon you too will be able to tell the difference between legacy ice cream flavors. And grasp why the world would rather drink from the dick of a goat than eat your shitty Gizzards 'n Bolts.
Let me repeat: Gizzards 'n Bolts ice cream is gross, is not gonna catch on because disgusting.
Why is this so hard to get across?
10.
Post 14987334 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.51h):
Now we are past the 3000 yuan barrier on the Chinese exchanges $500 won't take much of a push. It's the Memorial Day holiday on Monday in the US so they will have extra time for trading. A big push through an extra long weekend in the US might get through the 500 barrier.
We Somalians care nothing for western Holy Days. Warmonger Holy Day is Day of Tears for communist comrades in China; Americaner Jew banks closed, no can sell beetcoin to infidels.
11.
Post 15164638 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
Bitcoin Block Reward Halving Countdown:
Only 29 more days to get right with your God!
Reward drop ETA: Sun, 10 Jul 2016 14:35:25 GMT
But of that day and hour knoweth no man, no, not the angels of heaven, but my Father only.
12.
Post 15168878 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
13.
Post 15174147 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
14.
Post 15174981 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
Yeah. A sad day in Eqestria. It's OK tho, because
http://s33.postimg.org/e4ds27827/animsex.gifAnd, as this pump packs up & implodes, my laughter is going to be just a teeny bit merrier & less morally ambiguous
15.
Post 15175318 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
Ha ha, someone should have told lambie about the slaughterhouse.
I have eaten delicacies made out of horse meat!.. Its delicious! ... but sheep/lamb meat works too!
Am not really a zebra. Can confirm.
http://s33.postimg.org/gtouf100f/wishzebradumpster.jpg
16.
Post 15176862 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
Ether only up 6.97%, just half as much as BTC.
http://s33.postimg.org/namwggea7/worstthing.jpgThis is the worst day of my life.
17.
Post 15177815 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
So who amongst you Gentlesirs has locked in profit?
18.
Post 15177913 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
So who amongst you Gentlesirs has locked in profit?
wanna see if this holds until Monday nite...
19.
Post 15177953 (copy this link) (by SomaliRebel) (scraped on 2020-04-04_Sat_14.52h):
Looks like Trump will be President
Might not be good, but would be funny.
