I know it's an unpopular view around here (especially among people like Marcus) that the value of bitcoin will not increase forever in a straight up vertical line, but here it is:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-12-bitcoin-fair-price-analysis

Another interesting bit of information is that the same single entity who controlled the bitcoin price back then on Bitfinex STILL controls the bitcoin price there now. I watched him use the same exact bot to do certain wall strategies at $400 as right now. I personally find it horrifying that the price of bitcoin is entirely controlled by one guy/entity on a single exchange for this long, but other people either haven't figured it out or don't care.

Good lord. And the ETH supporters, who were originally all principled Bitcoiners, now apparently don't give a shit about a permissionless, trustless cryptocurrency that can't be just rolled back, censored, or 'deleted'.

Talk about justifying one's position. Not to mention I think it's humorous that nobody but Vitalik really even knows how ETH works at the nuts and bolts level, or what it's flaws are. Gonna be a huge disaster in the future.

TL;DR Seasteading will allow for the decentralizing of nations the same way Bitcoin decentralizes currency.

Pirates sound scary!

https://www.youtube.com/watch?v=DFxK7o74-kY

Could even make a sport out of them...target practice.

So you're basically saying that seasteads will be such a great thing that people will be clamoring to get to one.

Reminds me of the early days of Bitcoin when the Keynesians were saying that nobody will ever buy bitcoins because the value will keep rising.

As are we all at all times. What's your point?

They never tell us anything.

To what are you guys referring?

This explains why most ICO's are starting at the end of may or in june, they are waiting for summer holidays

The world computer, 12 transactions a second and counting.

Dumbfounded.

We can put it all on a smart contract that we can fork off if too many people start to go hungry.

but then back to normal levels. very weird though.

... lots of good stuff about the cruel world snipped ...  bitcoin community ...

I had 2 people in the same day ask me about PotCoin. I don't know anything about it other than the obvious that they are trying to make a crypto for the pot shops in the US. I just told them that it would be a good investment if it is actually being used in the shops. With the knowledge that some of the shops are switching to bitcoin payments.

Ah..i now see the problem. There is no community, instead there's religious lunatics?   I mean they're just believers aswell.


Anyway, as you said, if there is no real community, and if it's true, then I truly think that this is not in favor of the people. But if it's not for the people, then what's the point? I may aswell go back to the bankzters, and not go through all the trouble if it's gonna end up the same anyway.

well yeah but the news is several days old and we already know what their development road map looks like anyway.

it's positive. not earth shattering.

UAHF ICO Proposal (Draft)

https://twitter.com/sonmdevelopment/status/876265086146498561

Jimmy Song is here...to get you to convert all your bitcoin immediately to litecoin...

http://medium.com/@jimmysong/examining-bitmains-press-release-6b47b0646f15

...
I'm going to call it now, segwit2x will be responsible for activating segwit at last due to overwhelming miner support, BUT great thanks to James Hilliard for introducing them to BIP91 which makes segwit2x compatible with the other segwit activations.

Watch this for the very rapid rise in segwit2x support that will happen fast now:
https://coin.dance/blocks

Segwit may well get a miner activated soft fork before BIP148's UASF which remains in limbo in terms of meaningful support but seems to have had the desired effect of forcing miners' hands in one way or another.

What happens after segwit though is a mystery, but there is enough miner hashrate support for 2MB that it might happen too.

I have a BBQ that day with the family.

Anyone else had a gutsful of these fucking chinese miners?!

How fucking stupid do they have to be to screw the golden goose that has delivered them such riches??

Communist education must have turned off the higher reasoning areas of their brains. I mean, I can't even ... how fucking dumb do they have to be ...?

I was going over the bitcoin mailing list, until I read gmaxwell's post:

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-June/014633.html
 

Fuck all those fuckers who want to fork the shit out of bitcoin.

Core devs support for Segwit 2x (check on the right): https://en.bitcoin.it/wiki/Segwit_support

I don't know what the solution is, but I do know that having a single chain is more important than breaking up bitcoin in (at least 2) forks, possibly 4 or 5 - some with different PoWs, or different properties.

When the situation gets too messy with all the crap (uasf, segwit, segwit2x, classic/xt/bu bullshit), perhaps we should start with a clean slate to deal with scaling. If there's no consensus from the technical community, the miners and the economic entities, perhaps it's for a good reason...

I think that BIP148 will most likely fail (ie. ~everyone will abandon it right away). And the "segwit2x" hardfork is 100x less likely to succeed than even that. So I see a continuation of the status quo for at least 6 months, probably 9-14 months.

The market might crash somewhat before Aug 1 ("OMG the sky is going to fall") or somewhat after Aug 1 ("OMG Bitcoin's technological advancement is seriously stalled"), but IMO it'll return to the longer-term trend after a while.

See my article here: https://www.reddit.com/r/Bitcoin/wiki/faq_handling_splits

Eth is the LEAST aggregate market I've ever seen, which is why I never recommend people to short it.  The price is controlled by one single guy who runs the bots on Bologniex tied to either the Ethereum developers themselves, or some entity like Goldman Sachs.  Ever since Bitcoin started to rise, I watched them absorb something like 5000-10,000 BTC in Eth dumps on Poloniex just trying to prop the price up and prevent it from imploding.

The DOA event caused a dumpocalypse on them forcing them to absorb even more losses.  This single entity that controls the ETh price is underwater as fuck now and probably desperate to rid himself of some of those scamtokens.  I have a feeling the only reason it made it that high of value in the first place is the Eth devs themselves sent a bunch of Eth to Poloniex, then used those coins for collateral to margin long it to the moon while liquidating shoters.  Dan Larimer actually talked about attempting doing that himself once in the past when BTS was in the dumpster but he chickened out.  Him and Vitalik have been speaking a bit these days and maybe he gave Vitalik the idea.

I'm shorting BTC for the first time in my life.
Sorry guys  

This chart is very likely. Still bullish AF in the long run:
...

The pound was set for a weekly advance against the dollar as the prospect of tighter monetary policy in the U.K. combined with pared bets for U.S. rate rises.

it has quiety been distributed to the 63,610 members of the "active" crypto community. Due to the method by which these people were invited the audience of this page right now can only be rivaled by bitcoin.org/bitcointalk.org in the early days.

Before the rest of the internet discovers us, we ask that those who have recieved this invitiation hold what we share with you below privately in an effort to retain the cohesion of this community

so AGAIN a proposal

the person closest by new ATH guess to recieve 0.25 BTC  paid direct

come start shooting

Another ether hack...roll it back?
https://twitter.com/maraoz/status/887751004971831296
 Manuel Aráoz‏ @maraoz 43m43 minutes ago

Someone stole ~$32M (~153k ether) from three multisig wallets. More info and blog post coming soon.
https://etherscan.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32#internaltx …

youdontsay.png

Wut? You mean the stolen funds are going to the same addresses as the one during the DAO hack? The black or the white ones?

There already is BU. But BU is just a client.

There will be BitcoinCash. A larger, stronger, more capable derivative of Bitcoin, generated via hard fork. The primary client for BitcoinCash is BitcoinABC. Or BU - take your pick. Or Classic, XT, ...

...

While strictly true (assuming minority support, which seems likely), I think this will be the first altcoin launched where every Bitcoin holder will on day zero have an equal number of the altcoins.

If in the future BitcoinCash becomes the majority fork (a not unlikely prospect, given the massive transaction capacity advantage), then positions will flip, BitcoinCash will become simply Bitcoin, and cripplecoin will become the alt.

Any way you look at it now, we are all likely to learn something from this.

Means that a majority of users and miners gravitate to BitcoinCash.

I realize that this is speculative, but I consider it a not-unlikely possibility. What with the massive difference in transaction capacity -- and thereby in utility -- between the chains.

UPDATE ON ATH ATH ATH ATH GAME                LAAAAAAAAAST CALLL             LAAAST CHANCE FREE    BTC      BETS WITHIN 24 H, NO BETS TAKEN ANYMORE AFTER 21/07 23:22 (CET)

06/08 Last of the v8s

Greetz, your Bitcoin sponsor                                      (Didn't forgot anybody?)               (Specific reason about why the chosen date = 0.25 BTC extra rewarded) -> Without the reason 0.25 BTC

I don't. Call me bearish, but I think we've just seen the double top.

What would continue to drive the market up higher from here? Serious question.

Lol yeah, but for me, in this case, the author is more interesting than the content... . 

If you bought close to the weekly 20 MA good for you! If the ATH is taken out here are some targets to take some profits at. The 1.618 Fibonacci extension is often more accurate than the 2.618.

Can someone repost that graph of 1.68 fibo at 3600 and 2.68 at plus 4k?. I can´t find it, I think I saw it here

Been busy. Who won the auction for the girl?

snipsnip
Description:
Bitcoin Cash is a split from Bitcoin with a protocol upgrade to fix on-chain capacity. If Bitcoin Cash gets majority of PoW then it becomes de facto Bitcoin.
It will be a Bitcoin without segwit as soft fork, where upgrades of the protocol are done mainly through hard forks, without changing the economic rules of the Bitcoin.
This will be a fork of the Bitcoin blockchain, 1:1, so no-premining, no-ico (it is like a full airdrop)

My opinion:
While I support for sure the freedom of choice, you should be wise on touching this kind of things.
Your private keys are precious. Keep them safe

Yeah, if someone really KNOWS about that Bitcoin Cash thinggy it would be great if he could illustrate all us. I have read a little about it but haven't even realised if it is a sure thing or a bluff, or wtf.

Anyone?

cheers!

...

And yes, let's also increase blocksize to a fixed 2MB this year... in BITCOIN.

so, to catch myself up and make sure i'm understanding right:

there's a group forking an altcoin (bitcoin cash) come august 1st. this bumps the block limit to 8 MB. any other changes?

what happened to bitcoin unlimited? are they a part of this BCC split?

just when i finally verify my account at bitstamp all this shit has to be going on... sigh.

porn ?  

BTCC crooks don't have that much money to support such a price. Unless, of course, they succeed in stealing bitcoins from noobs as already explained.

Renminbi is useful only for the Chinese. There is capital control in China. I need dollars or euros. Who will pump dollars or euros in BTCCrooked so that I can sell it?

Trezor is going to provide a coin splitter. If you have a Trezor (like I do) then that means you can send BCC to an exchange without risking or touching your BTC.

There are a number of exchanges listed in this thread. Also here's an emerging list:

https://www.bestbitcoinexchange.io/segwit-bitcoincash-hardfork/

Thanks. More exchanges by the day. And yes, Kraken currently looks like a front-runner. While my trading stash (i.e., the Bitcoin not locked up in cold storage) is but a small fraction of my Bitcoin holdings, it's still a sizable chunk-o-change. I'd hate to leave it on an exchange that doesn't honor the BC split.

---

Cheers! XD

---

These 'clowns' have conviction and big bags. BlindMayorBitcorn said so themself. How can you not take them seriously?

P$D SCAM???

Latest update from BTC-E...

https://twitter.com/btcecom/status/891928666065707008

....

More detailed information about what happened to the BTC-e service.

On July 25, 11:00 the FBI staff came to the data center where our server equipment was located and seized all equipment, the servers contained databases and purses of our service.

Almost for 6 days we could not get from our hosting provider the sane information, what happened to our servers because of this information we publish only now.

July 28, the domain was confiscated.

To date, part of the service facility was arrested by the FBI

The next update will include information on what options are available to restore the service, and also the procedure for obtaining funds, in the event that the service is not started. In the current situation, if the service is not started before the end of August, then from September 1 we will start the process of refund.
In the next 1-2 weeks, we will evaluate and publish information about how much money fell into the hands of the FBI and what amount of funds is available for return.

For all those who buried us, I will remind you that the service has always worked on trust and we are ready to answer for it.
The funds will be returned to everyone!



Arrest of the Russian Vinnyk Alexandra:
Officially declare - Alexander was never the head or employee of our service.

Sincerely btc-e

P.S. In the subject write questions as far as possible we will answer them.

Yes we have already established you don't understand the purpose of central banking and so you fear it.  But you will get no reasonable person to admit that Szabo is irrelevant.

I'd like to believe. But I'm not convinced 

I know technically I am in cryostasis but I'll just say this....


I thought we are all expecting a huge drop tomorrow? Why talk of ATH?? What am I missing?

Off to freeze myself again until this blows over

Question: If BCC forks tomorrow then it will have the same difficulty height as the rest of bitcon, correct?

If so then why would it not be a vapor lock? If it's only worth 200 a coin, few miners would mine it (doing so means losing out on the reward from bitcoin chain) thus if 1/16th of the miners mined BCC it would take um... 32 weeks for the difficulty to reset along with transaction confirm times of 8 hours per block found. At best.

This sounds like a complete fail out of the box. What am I missing?

Ah ok, so this is not a fork of Bitcoin with a single tweak, this is a completely new coin a-la catcoin.

*munches on popcorn* Thank you.

C

How much of a 'tweak' did they do?

Can I fire up the KNC 550gh Jupiter Bitcoin Miner from 2013 again? (raring to go...not likely to move from doorstop status ...poor baby)

...
Sometimes, I state facts, and sometimes, I render opinions. I try not to exaggerate, I don't make up facts, and I try to keep my conclusions rational. When challenged, I produce rationale for my statements. Sometimes, I even get things wrong, but I always try to be truthful.
...

...

https://bitcointalk.org/index.php?topic=1833166.msg18258671#msg18258671

stronger wording: https://bitcointalk.org/index.php?topic=178336.msg18257263#msg18257263

This one is precious - it is in direct response to you. Mar 12: https://bitcointalk.org/index.php?topic=1820846.msg18162340#msg18162340

Hey! Here's my post to dinofelis that I alluded to above: https://bitcointalk.org/index.php?topic=1820846.msg18155798#msg18155798

"non-mining nodes don't count for doodley-squat": https://bitcointalk.org/index.php?topic=1752746.msg17602571#msg17602571

https://bitcointalk.org/index.php?topic=1752746.msg17560211#msg17560211

Middle of 2016... https://bitcointalk.org/index.php?topic=178336.msg15751668#msg15751668

11+ months ago: https://bitcointalk.org/index.php?topic=1330553.msg14994560#msg14994560

"nodes have fuck-all to say about it" - more than a year ago: https://bitcointalk.org/index.php?topic=1393827.msg14308946#msg14308946

"independent nodes essentially fulfill zero marginal utility": https://bitcointalk.org/index.php?topic=1344522.msg13895379#msg13895379

This one is fun - gmax using his time-tested technique of abandoning a convo that is not going his way. Feb 2016: https://bitcointalk.org/index.php?topic=1352002.msg13788734#msg13788734

...

I am. 

Easily by this time tomorrow.

the lack of true fungibility will bite everyone in the arse sooner or later, no need to blame bitcoin cash.

... lies ...

If BCH doesn't crash and burn on a technical level, which it very well might, then I think that there will be three stages:

1. For the next 2-4 days, people will have BCH and be trading it inside of exchanges, but will not be able to readily deposit or withdraw it because BCH blocks will be mined very slowly. This will cause a very inflated price on at least some exchanges.
2. Over the course of a few weeks after that, it will be driven absolutely into the ground as people dump their free BCH.
3. Then it will recover somewhat and hover between 0.001 to 0.01 BTC as a maybe slightly-above-average altcoin. Depending on how committed its supporters are, it could continue indefinitely similar to Litecoin or peter out after some time.

What do you mean?

They are regularly finding blocks. Hashrate is anything but LOW

Anyone have a solution?

Polo finally explode?

I hear there's a pill for that now.

When I sell, sometimes there is a gap between my hodling and selling, and sometimes when I sell, I still hold for a little bit after I sell.

4chan party van at polo?

im looking for anyone here who thinks they can hold a candle to me in regard to the macro economic implications of bitcoin

...
After the fork, Bitfinex held 101,798.8855 BCH to distribute coming from 131,237.8562 BTC in settled wallet balances and -29,438.9707 BTC in unsettled margin positions
...

I had my BTC stored on kraken before the fork. I received my BCH from Kraken about 4 hours after the fork.

When you say "blacklist some shitcoins" do you mean BTC?  Because it's BTC addresses being blacklisted here...

"As of today, we have taken measures to blacklist all addresses associated with the WannaCry attackers that are known to the ShapeShift team, as is our policy for any transactions we deem breach our terms of service. We are closely watching the situation as it continues to unfold as to block any further addresses associated.”

... sleazy shilling dressed up as logic ...

Why stop there? If the flag day fork in November is avoided $5 to $10k seems reasonable.

---

I said I'd post a special gif of myself once we surpass $3000, and this was quite some time ago (I think it was around the first time we hit 29xx on Bitstamp). Here it is:

What´s "fox observer", please  ?

Should I worry about Roger's SegWit2x new coin?

How are we gonna call it? Saw someone commenting on Roger's infamous shitlet he would call it NYACoin...

Lol. Nice sybil attack to name attackers...

I was referring to Segwit2x fork. Since Luke-Jr has stated there's no way for Core to get along with SegWit2x (New York Agreement) we expect another fork soon. My questions are:

does this new shitcoin offer any risk to Bitcoin value?

What will be this crap name? Based on New York Agreement and coinbase signatures some guys are starting to call it NYACoin...

They are committed to peace.
http://www.aljazeera.com/video/news/2017/03/philippines-milf-rebel-group-committed-peace-170312162817804.html
Case closed.

Just staying here seems quite positive to me, forming some history.   A base camp for any further ascent seems prudent in any endeavour to scale great heights  

Aaaah. Group hug?

Well steelboy is up for it. Don't be so miserable

big booble

http://www.businessinsider.com/bitcoin-price-nvidia-advanced-micro-devices-hedge-funds-2017-8

This article writer seems to suggest that Bitcoin mining rigs have chips in them from nVidia and AMD.

Is that true? I thought Chinese mining ASIC rigs had something else.

FTFY. Whatever these people suppress or want the citizens to stay away from, the citizens should be quietly acquiring with two fists. Pay off your debts, buy bitcoin, PMs, land and/or a house (not on credit), and other deflationary assets.

Yes, in some metro areas they are. But soon real estate prices will start to correct in many of those areas. For example, San Francisco and Toronto are already seeing some cooling off.
If you can afford to wait, accumulate some money on the side for a sizable down payment, and keep an eye on the markets in your area. But only buy a house if you intend on living in it for at least 15 years, if not forever. Otherwise it's not a great investment compared to others.

Fucking hell - you must be from a different part of town to me then.
Knightsbridge ? Chelsea ?

My old mans house was worth fuck all when he bought it - aaaand..............its still worth fuck all.

My IQ was properly measured when I was a youngling at 160. I spend most of my days staring at a bush and worrying about my next visit to the toilet. The only thing IQ indicates is the ability to pass IQ tests.

Read some of the previous posts before you respond.

http://bitkan.com/event?from=bitcoinmagazinearticle

 

too boring. Who wants to see Bambi ?

Riding a big car, but you seem to be a weak boy - get home boy this world is rude. The Chinese do business of all kinds and not the weak way.

So as Bitcoiners, do we have a right to be pissed if there are no immediate LN related launches?

I mean, the Core devs and the rest of the community have acted like these LN technologies and apps have been coded, tested, and sitting around ready to go for the better part of a year or two now. And preaching that the miners have been blocking these 'ready-to-go LN apps' for all this time.

If I don't see something around LN immediately launched after SegWit lock-in, I'm gonna get seriously irritated.  

So as Bitcoiners, do we have a right to be pissed if there are no immediate LN related launches?

I mean, the Core devs and the rest of the community have acted like these LN technologies and apps have been coded, tested, and sitting around ready to go for the better part of a year or two now. And preaching that the miners have been blocking these 'ready-to-go LN apps' for all this time.

If I don't see something around LN immediately launched after SegWit lock-in, I'm gonna get seriously irritated.  

Photoshopped?

As a Brit who spends vast amounts of time lurking in Europe I might have to end up bloody doing this unless there are some key assassinations.

Come on then, all of you who are so quick to condemn me for my opinions, please explain why Brexit is a good thing or how politicians manipulating voters with lies is a shining example of democracy in action?  Do any of you really understand what has happened here?  Oh who gives a fuck.  Think what you want of me.   I only mentioned it in passing in the first place and somehow got jumped on.  Brits have been arguing this topic the length of the country for the past 18 months, there's no way I'm going to find an intelligent opposition on a Bitcoin forum.

"My ice cream cones shop now has blockchain and my family couldn't be happier!"

Claptrap.

$3500 on post #350000

Quite shy for a new ATH

I think you will find that the brits and yanks did fuck all compared to the russians in defeating germany in WWII. Cant blame you though since from watching years of Hollywood propaganda it would seem like the Russians were the enemies of the "allies"

Shameful. Shameful if they're legit, shameful if they're edited.

Here was my response to "CipherionX"'s attempts at getting leaks.

anybody else smell a correction?

I could swear I've read these somewhere before... Aside form general principles of privacy what's the controversy here exactly?

but if I know, that you know, that I know, that you know...

Satoshi has been found!

I thought the same thing.



Here another very eloquent extract:



Trolls in 3... 2... 1...

Anyway, I read an article.

There is a consideration to be made about ETFs being allowed to operate; maybe these ETFs to be are currently accumulating BTC assets?

shit, it's a ludicrous ! (carbon spoiler).
https://www.youtube.com/watch?v=q5HgthPgzgQ

What a stupid thing to tweet. Adam has been posting garbage like this too recently. Posting argumentative or provocative stuff on Twitter makes you look stupid and undermines your technical credibility.

Start acting professional guys - this is the big time now.

^^ Wrong.

whatever sellout....enjoy your controlled tx ,3rd party, segcoin

Helping you find profits in new places.

paypal is beaten up, who's next? Google? Apple?

Ring Them Bells. 

Most of us are regretting, life is too short and money isn't life so knock that shit off.

has to be down only, there is no uplink gear in that BOM

Who is that V8??

She's hot!

wall observer thread:  the babes of Bitcoin edition

Ugh..
Meuh... You know that since your failed Monarchy-Thread experiment I'm not really a fan of you. But sincerely... Lady Starks is an ugly beast compared to the hot teenager V8 introduced me (virtually).

I suppose you're referring to the fact that bitcoin core 0.15.0 will be disconnecting nodes which run segwit2x but I can't find when that's supposed to happen ...

Um.... yeah, way too long... 

This is very bullbish:

 https: //www.forbes.shite/blahblah

Not all of them.... Look at these guys:

https://www.coindesk.com/45-million-ukrainian-lawmakers-reveal-big-bitcoin-holdings/

They do have way more Bitcoins than you do

And I would be they are not "early adopters". Or maybe yes: http://blog.trendmicro.com/trendlabs-security-intelligence/dimtry-golubov-politician-or-cyber-criminal/

It's an ackward news. Not sure if bullish or not, but worth posting it for sure.

Yeah, not to bad =) But i think i will keep them since im afraid that a central bank or some NWO entity would pump that coin instead of bitcoin and infiltrate bitmain and take it over. Thats how i would try ruin bitcoin anyways!

It is currently receive only because transmitting to the satellite requires a lot of power and extra stuff that most people won't be able to get. The satellite is best for those who have a poor internet connection; they can't download the blockchain because it is too big, but they can still broadcast transactions as those are tiny. The satellite allows those people to also be able to get the blockchain (well part of it, only new blocks right now)

lies

How would that be possible? in any meaningful way the chain is the chain.....right?

(genuine question)  

r/btc are firing up their mothers' vibrators to mine it after the difficulty drop and cause all the other miners to switch while simultaneously spamming the 'other' chain until it dies completely.

A wonderfully nuanced and balanced plan from some great guys.

Next target 5k before end of august?

lies? Exactly one of us in this discussion is modifying quotes to misrepresent what the other has said. And it ain't me.

So perhaps you'd like to elucidate at least one specific statement of mine that you believe is a lie? For reference:


Methinks you are lashing out because Bitcoin Cash has not yet cratered, and this prospect is starting to worry you. But that's just armchair analysis by one not specifically trained in psychology.

No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?

thanks

so we have to trust the chain they beam down? my node can't reject rule-breaking blocks? jbreher would love this

non-starter

Thanks for the free money drop, Ver and Wu! Veeeeery nice.  

the majority of those addresses are pre fork.

i'd like to see ones that were only created after it.

explanitation!

Isn't Segwit already priced in?

BCH sliding way lower would be better news for BTC price...

Any ideas how to best prepare for the next fork (which will probably be our own)?
Pls don't say Litecoin.

Well fellas, get ready for some fun in the next two weeks.

Tomorrow is a solar eclipse.

It's also the day that President Trump announces that we're back into the war game in Afghanistan. A build up of troops and more airstrikes likely. This has secretly been in the planning for months and months by the Deep State. But make no mistake, this is really the precursor to war in the Asia Pacific. Can't have all that pesky surplus oil just sitting around stockpiled in tankers everywhere... gotta burn it somehow.
"When all else fails [to stimulate the economy], you take 'em to war."

Gold market is showing signs of shorts exiting positions.

U.S. Stock market is overheated and showing signs of exhaustion.

U.S. govt about to hit the debt ceiling.... again.

Hedge Funds moving into bitcoin through LedgerX come on line in Sept.

Things are heating up fast. Anything can happen in the coming months.

Hold HODL on to your butts bitcoin!

Not quite a unicorn..but with 3 forks looming ...about as close as Bitcoin is gonna get...so I call it......

'look an ugly unicorn' (whatever gets me thru the day of wtf is going on with Bitcoin development)

No.

I will have a double bad advice with a sprinkles of hubris on top ... light on the doooooooooooom.

You will throw in the huburis for gratis though right? I mean for 3 BTC an hour .....
 

I'm working from my back porch today.

I bet that's a CAKE which looks like a hat.

What do you eat if it doesn't break through 4k again?

If SegWit have a block size of 4mb by default, and 2x plans to increase it to 8mb, then why the specialized media keeps saying its 2mb?

The idea is that if Segwit2x chooses to go through with an attempt to hard fork the block size to 2MB, and the blockchain splits in two, replay attacks could lead some users and companies to lose money. And in the mind of advocates for Bitcoin Core, those backing the new agreement should be the ones to add replay protection.

https://www.coindesk.com/bitcoins-battle-segwit2x-begun/

https://qz.com/1059179/huobi-and-okcoin-chinas-two-biggest-bitcoin-btc-exchanges-were-themselves-to-150-million-in-idle-client-funds/

How them zero fees were paid for is now answered. Good old China.

Coming up on 12 hours now with not a peep out of Kraken about why all my outgoing USD fiat wire transfers end up in a Failure state.

$100k just sitting there looking all useless.

Sheeit.

How is your Tuesday morning, friends ?

I have a newfound respect for the Winkles and their ability to not say a bunch of stupid shit.

He's buggered off. What was the gist?

well you probably know the gist: asic efficiency has pretty much peaked, and this will lead to mining decentralisation - we are at peak centralisation
also bitfury and bitmain much better at bitcoin asics than intel or amd - would take them 3-5 years to catch up

I was offered what would now be about $2 per post if I put their ad in my signature.

Still not going to do it.

Of course, I'm merely guessing, but I guess you've not seen the recent work calculating the GINI coefficients regarding mining vis a vis other aspects of the ecosystem?

I was wondering what would happen, if I discard the standard Electrum fee with a transaction like this and instead send
it with a customized small fee like 0.00005 BTC.

If my transaction gets confirmed in a day or so, everything worked out.

What would happen to the transaction, if the mempool hasn´t been cleared and my transaction doesn´t get confirmed?
I read somewhere that it will be removed from the mempool after a few days, but what exactly happens to the sent funds
and the included fee? Are both returned to the sending address? Is it necessary to accelerate the transaction (how exactly
does that work?) and if I fail to do this the transaction amount + the attached fee are lost forever?

Balaji Srinivasan (CEO of 21): https://news.21.co/quantifying-decentralization-e39db233c28e . There is a vid of him presenting this analysis on Youtube as well: https://www.youtube.com/watch?v=4UXT5YVJwB4 . Bottom line: mining is one of the least centralized aspects of Bitcoin. Counterintuitive, but that's his analysis, anyhoo.

BLOCKSTREAM VOLCANO LAIR - Blockstream Core, masterminds behind SEGWIT, today released their reaction to SegWit's activation.

Blockstream CEO Adam Back said on hearing the news, "I am thrilled that our patented SegWit™ technology has been smoothly adopted. Our technology provides unprecedented business opportunities for the entire banking industry, possibly with some other fringe applications."

On the way back to NSA headquarters, Blockstream psyops engineer theymos gave a statement by phone, saying "As a long-time employee of BitMain, I am proud to have been even a small part of this grand achievement, brought to you by the great folks at the Bitcoin Foundation. While Goldman Sachs does not always get the best reputation, I think that our actions here have thoroughly proven that the Bilderberg Group is merely a normal, benevolent group of people."

Luke Dashjr, whose UASF support proved essential to SegWit's success, announced plans for a new, non-Bitcoin UASF which would softfork the decimal number system into Tonal, finally addressing the covert deciboost attack which has been ongoing for millennia.

Although his identity remains unknown, the Supreme Troll Army Commander was heard issuing a command to "execute order 141" to all troll army lieutenants.

"THE SCREAMS OF THE INNOCENT WILL ECHO THROUGH MY HALLS", said Blockstream CTO Greg Maxwell from his skull throne. He proceeded to carve "1MB" into a shrieking supplicant's flesh while laughing manically.

All in all, spirits are high and tensions low at Blockstream Core HQ, even despite the ominous timers which fill every wall, slowly but inexorably counting down to some unknown event which lead developer Wladimir will only describe as "an EARTH-SHATTERING surprise which only those who have experienced Bitcoin's TO-THE-MOON journey will be able to truly appreciate." I guess we'll just have to wait and see what's next for Bitcoin!

this Ronnie Moas dude (no relation)

tl;dr hyper-bullish case $3.8M per btc

Bitfury mines a block over 1MB
https://blockchain.info/block-height/481947

Found the video to that  Grin
https://www.youtube.com/watch?v=fSuqPRFEcIk

Don't know if this the reason for Jihan's statement. Furthermore I don't trust him in any way and wouldn't be surprise of he continues his shenanigans within the next couple of hours. You can't trust Chinese! In any industry I ever met and worked with them it always was the same. Period!

Lombrozo should follow through and ignore Wu's lies, I have no idea how he could accomplish it though.
Lomborzo could even 'kickstart/donate' to get funding and have enough within the hour.
Everyone is tired of Bitmain.

You guys really crack me up with these "we need to do this or that" pontifications. As if anyone here is even remotely involved in the development of Bitcoin.

But by all means, go forth and make it happen!  

It's about to be listed in Korea. They're the new king of degenerate pumps. Expect a fine fall once they've had their fun.

wait for Malia Obama to become president

By then there'll be an app where you can summon one of her drones to erase you for a modest fee.

I've just seen this : https://www.youtube.com/watch?v=9pX7IQ6UOVM

That's it, I'm never setting foot in your mad country !

It is gaining acceptance