All posts made by slapper in Bitcointalk.org's Wall Observer thread
1.
Post 5983784 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.30h):
...
Sorry, i wish cryptocoins succeed in some way, but am still skeptical...
Care to summarise? I remember seeing points but its easy to forget who said what in this thread and its a lot of posts to wade through. Bitcoin and crypto's are still very much in their infancy and I'm not up to date on current development but there are a lot of obvious weaknesses being addressed, multisig and requests/invoices/receipts would be a couple of examples. I'd guess a list could attract a bit too much of the wrong kind of attention in this thread though
Definitely interested in Dr. Stolfi's thoughts on this but you are right, he will be slammed in this thread or any other for that matter. Perhaps he can publish it on a blog?
2.
Post 5984967 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.30h):
3.
Post 5995558 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.31h):
In before the SmartAlecs come here saying
"I Sodl when it was $1200" , did you guys really think Central Bank of GHASH and Central Bank of KNC / BFL was p2p currency?? To DA beachhhhh High Five.
4.
Post 5995991 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.31h):
Bitcoin is simultaneously Rearden Metal. It is Rearden Metal because it is better than the status quo, yet the MSM and establishment defame it relentlessly.
Represents a morphing and backfiring of a centralized organization's attempt to manipulate what should be a natural process
So instead of buying FIAT from the FED and Banksters, which I can use everyday, I should buy "Digital Gold" from Bank of KnC and Bank of Butterfly labs? Security right? I need to re-read Satoshi's paper.
5.
Post 6046424 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.32h):
Dr. Stolfi
Are you saying there is yet another set of bans that is yet to be imposed in China? This time no one will believe it, it has happened so many times!
6.
Post 6046613 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.32h):
7.
Post 6051949 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.32h):
This is some intense drug. How can people concentrate at work with all the drama going on past few days? It is just surreal. I am watching from a distance as I don't have chips in play here, but man I feel for everyone involved.
8.
Post 6053444 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.32h):
The nut scratching bear gif has been known to move the markets a bit.
9.
Post 6058907 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.32h):
513 "cheap" BTC for sale @450$ on Stamp.
My primary entry into cryptos was through altcoins where I played and got burnt. In practically every thread there used to be BTC Fudsters taking advantage of newbies through their experience and well "whaleness". It is bizarre to see it happening in BTC thread.
10.
Post 6150273 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.34h):
The Australia ban, if true, is a bigger news IMO. Bumpy road ahead....
11.
Post 6150455 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.34h):
well that was rather anticlimactic.
hopefully china will ban bitcoin again though, so there will be more blood to lap up.
Seems like you don't really need BTCs. You have an unlimited supply of money and are always buying.
12.
Post 6157448 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
This is ridiculous. This isn't panic selling. This is trying to take Bitcoin down. Will it ever stop? Who are these people? Hasn't it been enough already?
Painful watching your posts.
13.
Post 6157629 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
LTC taking a beating through all this as well...
its value is derived from BTC.
Its $ price is yes but not on the pair
LTC/BTC is falling while BTC is falling
poor LTC...
Greatest sleazecoin ever.
14.
Post 6157969 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
It is the retard bulls here costing people their money. Selling the hype all the time.
Looks like April 15th is here early. And this is just the beginning.
15.
Post 6158079 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
It is the retard bulls here costing people their money. Selling the hype all the time.
Looks like April 15th is here early. And this is just the beginning.
It's the bears that make people panic. Which is good.. cause people who panic sell by the cause of bears, are fucking retarted.
So you are enjoying the fact that people could have saved a lot by selling the last few days but couldn't? Even when the writing was on the wall? Always dismissing the fact that regulations will cut the fiat supply anyways. Yah sure, the fact is a lot of them bought because of the hype generated here. $5k, $1m Bitcoins. Give me a fucking break.
16.
Post 6161633 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
I wonder if people are depressed because they invested more than they could afford to lose.
The ones selling you their "cheap coins" from around a month or so are obviously not as depressed.
17.
Post 6163223 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Another dump on BTC-e! $368
$20 arb between Russia and China! Intense.
18.
Post 6163849 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Too many LTC fanboys on BTC-e
$10000 KnC , who is in
19.
Post 6163904 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Pumpkinhead, love you posts (in other threads too).
20.
Post 6163960 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Too many LTC fanboys on BTC-e
$10000 KnC , who is in
I almost bought one
Will never forget that day in my life when it was announced. It is what opened my eyes to the entire crypto scene and the ins and outs.
Charles Lee = One heck of a salesman.
21.
Post 6164067 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
How come nobody is exited about cheap coins? I don't see ANY greed.
You probably missed some posts for the last few days. They are always buying at all prices LOL like a btc fairy
22.
Post 6164174 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
I think we have reached the point no one wants to sell and no one wants to buy,,,, so we need a tie breaker another event? lol
Yes, China could ban bitcoin.
How about Australia? Oh it is "
priced in"
23.
Post 6164320 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Wow big dumps across the Big 4. 2300 broken on Huobi
24.
Post 6164444 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
350 breached on BTC-e!
25.
Post 6164765 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Feel sorry for you guys in despair at the moment..
If you still believe in the utility of BTC then stay strong I guess
Why cant you "utilize" with an altcoin that is not necessarily taking you to fiat moon but actually doing what satoshi's paper explained to do?
26.
Post 6164794 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.35h):
Always remember, those who yell HODL, aren't necessarily hodling, they just give the impression they are, in order for them to dump at the higher prices. Learnt this the hard way with altcoin trading.
27.
Post 6166373 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.36h):
Some great comments finally on r/bitcoin as this all crumbles today
http://www.reddit.com/r/Bitcoin/comments/22qc1d/as_someone_who_has_invested_140k_into_bitcoin_i/Good to see circle jerk on the down low finally.
28.
Post 6166461 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.36h):
WTF happened to LTC right now, guess some short squeeze, I bought 100 LTC at 8.14 while I was out for 5 minutes and sold it for 9.3 immediately.
LTC wall observer thread
https://litecointalk.org/index.php?topic=17188.90
29.
Post 6166503 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.36h):
Is that why you got named slapper?
LOL yes sorry I am not an LTC fan. Your response was light hearted, so I will back off with any vitriol too
30.
Post 6166848 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.36h):
Some excerpts from OP's post:
"For example tomorrow I believe there is going to be a service launched that allows you to "rent" your Hard Drive space to others over the internet, and it's all validated and compensated with BTC. There are so many different applications that are going to be built on top of Bitcoin."
He got this idea from Jonathan Mohan's presentation at the NYC conference. I was there and his talk was highly future oriented, none of those features are even close to implementaion. Adding to this, it does not help that we currently have fierce competition building in the space between Blockchain 2.0 (NOT BTC 2.0), Ehterium, and Mastercoin regarding multi-asset issuance (which this renting of Hard Drive space idea is based on) and the smart contract scripting language. If you want to hear more listen to the LTB episode 99.
"Then you have remittance services that are being built on top, charging 3% to consumers instead of the dreaded 10% scenario."
The remittance services also face a lot of competition in places where they are the most popular, like Mpesa in Africa, and India Post / Vodafone in India.
"Plus (I could be mistaken) it costs each miner about $108 to line each Bitcoin. The network is fine."
I have no idea how he arrived at this figure as I (and many others on the Mining section of this forum) have been racking my brain trying to figure out how to price the production cost of a Bitcoin.
Personally, to me this guy just invested way more than the 10% of his total wealth into this, which should be the absolute limit for a speculative vehicle anyway, and is trying to make himself feel better. Add to the fact that he readily attends all the conferences, which are always full of positivity (not a bad thing), and you get a dangerous state of self-disillusion.
So I ask you, who is jerkin whose chain?
His post is total propaganda and he is being called out for it. It is why we have guys selling their $450k houses for 650 BTC and friends asking others to "invest" in BTC while it was $1000. Read the comments, was very happy to see people calling him out for it. Normally if you are not giving a hand job to another bitcoiner there, you will be down voted really fast, but folks are starting to understand this scheme much better now.
Just for the record this BTC scheme isn't a total evil like many bears might sound. It just is not right according to Satoshi's paper. I also hate it that at the end of the day, a bullish moron can just get away with "well you shouldn't be listening or taking financial advice from anonymous persons on the internet". Yet there are these types of morons misleading people into the pyramid scheme that became of this whole sudden spike.
I am on top of sidechains and blockchains 2.0. Will see how it pans out, for the moment it seems like a distant future ....
There is a famous gif about what r/bitcoin is. I won't embed it here but it is
http://i.imgur.com/syxjt2Z.gif
31.
Post 6201950 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.37h):
The altruistic used-bitcoin salesmen asking us to buy these "cheap coins" is what turns more people off than FUDsters. I don't want a job where I buy a used bitcoin for $x, and then I need to start brainwashing other customers that they can sell it for $x+y. At some point the customer down the road is going to question the product and ask if there a cheaper way to do things that you want to do via bitcoin.
Fundamentals? Where is the balance sheet of Bitcoin Inc? Income statement, cash flow statement? Is there a P/E ratio I can go by? No it is entirely propaganda and media driven. These are the same salesmen who get pissed of when the very media has a different point of view on another given day.
Simply asking to go by scarcity of a commodity that can easily be replaced by another commodity with no tangible differences is not a sustainable.
32.
Post 6264259 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.38h):
So buying back in now, because of an expected pump would be a good strategy?
Good strategy. I am beginning to think that the China FUD news on a daily basis is actually manufactured in the west and not China. Done actually to
1) Buy some "cheap coins" on the dips (not being sarcastic here)
2) A more violent upswing is caused, when news is debunked, something that wouldn't possibly happen on a normal status-quo/equilibrium Bitcoin day.
If you are a bull, you want more China FUD honestly. It seems to be the biggest cause of momentum of late, nothing else comes close.
33.
Post 6389693 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.40h):
Yawn. Bit is an option to a brave new world. Some of its characteristics:
- Assuming 10 billion people, everybody has a quota of 2,000.
- No inflation
- No storage cost
- No confiscation
- Does not expire
- Your quota costs $1, or a little less. Previously it was $2, some time last year $0.05.
- If you want to be shrewd, buy the quota of others because they scorn it, and sell it to them when the price is right.
Anything that happens before just has to happen.
Most of your discussions are backed with this fantasy where the whole world adopts bitcoin.
That is one hardcore used-bitcoin salesman. Do people fall for this or motivational speeches are the need of the hour....
34.
Post 6426545 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.41h):
Yes. Technical analysis, sentiment analysis and, to a certain extent, fundamental analysis all work with Bitcoin. Here is a good one, with
real fundamentals:
https://medium.com/p/ba5f3fcce103 Thanks for the article.
Even though it is supposed to be a "bearish" article, I think that it is too optimistic already when it implicitly identifies "crypto-currency" with "bitcoin". Consider this hypothetical statement that one might have made 20 years ago:
The World Wide Web is here to stay. As more people choose to use it to publish text and data, more people will have to use it in order to get the information they need. Surely, there will be a time in the not-so-distant future when perhaps 500 million people will use the Web regularly, and perhaps 10% of them will find it essential for their business or work. Therefore, we can conservatively predict that a Netscape browser license will sell for 10'000 dollars or more by then.
Well the cost for the early Netscape adopter is only a few cents. Then they can resell it to others for $1000 each and ask the new buyers to resell it for $10000 down the road. If you don't like Netscape then you are anti-Internet.
35.
Post 6430627 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.41h):
Yeah, the expected wall st boogeyman being dangled out by the bull trolls. That all you got left ?
Btc the supposed anti-govt, anti-corporate money for the little guy needs a wall street bailout. Hilarious.
Balance Sheet, Income Statement and SoCFlows incoming
36.
Post 6462739 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.41h):
I remember very well your choo-choo-ing the evening before gox closedown.
Do you remember Enron "Energy Traders" shouting "Burn Motherfucker" as homes were burning down in California from forest fires?
Yah .....
37.
Post 6524716 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_12.42h):
But without fresh fiat, no matter how low we go, we will revisit that low eventually.
This is not true. It is not strictly true that you need new money to revisit ATHs. If nobody sells, the price goes up forever. The trick is how to convince everybody that nobody else will panic. This is exactly what the West CBs attempt now.
This is a ludicrous myth. Almost 4000 coins are being mined daily. They will be sold. Also merchants accepting payments though bitpay and coinbase - those coins will be sold.
There will be inflation for years to come.
Not every is going to hold so you can become a millionaire with 1 coin.
If nobody sells, Bitcoin fails. It's a dynamic equilibrium of growth.
Just collude with
xulesco on when to sell. Most likely buyers are wall street bogeyman who don't have contacts with mining companies and will go straight to the rigged exchanges to buy it from salesmen.
38.
Post 8422141 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_13.06h):
Double bottoms are often deceptive
39.
Post 8424988 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_13.06h):
40.
Post 8445166 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_13.07h):
Does it go well with liver and fava beans?
41.
Post 8445388 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_13.07h):
It feels like we're in no man's land right now.......
more like land of confusion
Manipulation?
Sounds like the seller is Chinese. Winning.
42.
Post 8445568 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_13.07h):
So, is this kind of similar to the silk road crash, even though we're not in an up trend like last October?
Or, are we completely in uncharted waters?
You need to buy that $30 box. It has clues about the situation and $40 in it.
43.
Post 9024787 (copy this link) (by slapper) (scraped on 2020-04-04_Sat_13.17h):
