All posts made by centralbanksequalsbombs in Bitcointalk.org's Wall Observer thread



1. Post 21489547 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.19h):

Quote from: BitcoinNewsMagazine on September 04, 2017, 12:22:13 AM
I hate to be a Debbie Downer but I do not like the risk/reward for btc right now. If we manage to break through $5000 I see a maximum of $5500 to $7000 before a major (meaning painful) correction. I am talking about $2500 to $2800, 50% correction or back to the weekly 20 MA. You know it will come, we just don't know when. I would rather wait for a huge discount to buy. I hope I am wrong, really, but I doubt it.


Based off your news alert, I was about to sell a chunk of my bitcoins but then was confronted by THIS:

Sell my BTC for which of these?



What would outperform bitcoin?

Bitcoinnewsmagazine, you are hinting at US dollars outperforming? That's a very impressive ability to predict the bitcoin market, you must be one of the richest people alive. Hats off to you.


Over time, during times of fear and war just compare Bitcoin to other financial assets and compare real data.

Also, if war takes hold the waves of credit start to recede from traditional financial assets, but there is a CROSS-BORDER, UNFREEAZABLE asset of Bitcoin which is experiencing an INCREASING amount of net investment INTO bitcoin EVEN AT recent "HIGH" PRICES.

One of the drivers is that only some private investment funds, hedge funds, private partnerships, endowment funds are BEGINNING to dip tiny allocations into this new uncorrelated financial asset.

This year and next they will play catch up until Bitcoin (in some year long-time from now) normalizes to size of an invested financial asset with a market cap above $300B (current market cap at time of this writing is less than $80B).


If the market were to collapse (modern-day markets pegging S&P 500 US Stocks index as a worldwide primer) - where will the flight to safety be?

Quantfunds (Quantitative investment funds that rely on mathematical models for investments) are infamous at crunching through vast arrays of data across all asset types to use combine investments of less-correlated assets together to acheive great investment returns while still being defensive during down markets. And the outperformance of Bitcoin when other assets are down will not go unnoticed.

Info on The chart above:

The chart above shows since mid-June here were the performance of asset-classes when S&P 500 was down more than -0.2% in a day.

There were only 10 days since mid-June where daily drop of S&P exceeded -0.2%. The above compares how Bitcoin, Gold, Long Term US Treasury Bonds, US Commercial Real Estate (REIT), and Bullish US Dollar Index did on those same days.

The assets are represented by most established, regulated, liquid ETFs:
Gold  ticker: IAU - iShares Gold Trust
Long Term US Treasury Bonds ticker - TLH - iShares 10-20 Year Treasury Bond
US Commercial Real Estate ticker - VNQ - Vanguard Real-Estate-Investment-Trusts ETF
Bullish USD index ticker - UUP - PowerShares DB US Dollar Index Bullish

Where will the flight to safety be in terms of assets/investments?



There are already 3 large institutional investment vehicles for private investments, hedge funds, and quant-funds to get bitcoin exposure:
-XBT provider's bitcoin swedish nasdaq etf (priced in SEK currency) : bitcoinxb / bloomberg ticker: coinxbt [not real btc]
-Grayscale's bitcoin Over-the-counter markets fund : GBTC  [not real btc]
-Gemini's exchange's daily auctions of bitcoin buyers and sellers [real btc?]

This is outside of the many popular exchanges that exist for bitcoin and cryptocurrencies including p2p exchange localbitcoins. [real BTC]




2. Post 21490887 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.19h):

Quote from: explorer on September 04, 2017, 06:07:57 AM


This year and next they will play catch up until Bitcoin (in some year long-time from now) normalizes to size of an invested financial asset with a market cap above $300B (current market cap at time of this writing is less than $80B).


I can't be the only one that suspects BTC will reach $300B market cap in 'some year' that will start in about 4 months...  Exponential growth is... Exponential.  It doesn't even have to double twice to achieve this.

I'm applying lots of caution, with that said I estimate 18 to 48 months to hit $300B mkt cap for bitcoin. I anticipate that there will be no major wars.



3. Post 21592711 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.20h):

Quote from: drbrockcoin on September 07, 2017, 06:20:46 AM
Just thought Id leave this here...

https://99bitcoins.com/bitcoinobituaries/

FUD for the retards

Did you say FUD? Only because sharing is caring.

S2xcoin: Why Mommy Garzik want see my peepee? Skry to Bloq to Segwit2x
https://bitcointalk.org/index.php?topic=2157586.0

Hacks & puppets & forks - how to destroy bitcoin
https://bitcointalk.org/index.php?topic=1834310.0

Which one to buy? Stocks Houses Gold or Bitcoin or Bonds?
https://bitcointalk.org/index.php?topic=1851644.0

Which country are you from? Here list THIRTY popular bitcoin countries for trade
https://bitcointalk.org/index.php?topic=1853019.0






4. Post 22180614 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.22h):

Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:

What say any of you to the following?

Efforts by any country's central bank or government to regulate bitcoin (ie make illegal or legalizing) will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes.

Fiat around the world is heavily infested and broken from the burdens of:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-frivolous legal costs (lawsuits bogging the system down)
-financing conflicts, bombs, and "aid"
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-false claims (outside of insurance)
-chargebacks
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)

Bitcoin, systemically, is free from these burdens.




5. Post 22188426 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.22h):

Quote from: JayJuanGee on September 24, 2017, 09:15:05 PM
Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:

(snip)


Thanks for recognizing the posts of torque and me... You know a decent proportion of our posts battle each other... hahahahaha..   Cheesy

If I wanted a one-sided slant of the world, I can just turn on the TV or look at Apple News or Google News.

Quote from: JayJuanGee on September 24, 2017, 09:15:05 PM
(snip)

Don't get me wrong, bitcoin is likely to play a large part in the evolution of these various systems in the direction that you suggest - but surely it is going to take a lot of time and perhaps a few battles that include lots of blood, tears and sweat... and surely no clear and/or direct path from point A to point B.


Yah just pointing out the immense inflationary pressures still existing that will propel Bitcoin higher until  Bitcoin gets mainstream to incorporate such things.



6. Post 22188455 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.22h):

Quote from: Torque on September 24, 2017, 07:52:38 PM
Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:
....

Bitcoin, systemically, is free from these burdens.[/size]


This is what happens when corruption goes awkward and it doesn 't matter what ideology, has nothing to do with it... . So just wait and see for the first of the "Other" systems country 's going all the way... .
http://www.zerohedge.com/news/2017-09-24/insiders-view-bitcoinization-venezuela

I would add that citizens of all countries tend to be completely, 100% reactive to what is happening to them, as opposed to being proactive. They wait until things get really bad before outright defying their government and looking for other options. That is why right now Bitcoin is suddenly being seen as a more serious option to their native fiat in places like Venezuela, Greece, Italy, and Spain. In other countries, it's still being regarded as a strange novelty.

(snip)

I for one see where the puck is heading, which is why I chose to get involved with Bitcoin four years ago to protect my wealth, instead of waiting until it gets really bad in my country. Which could still be a decade or two away.

Such a delightful future for all of us?



7. Post 22624304 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.22h):

Barry Silbert's DCG consortium of companies with his minion Jeff Garzik will need alot of luck to even launch and maintain their scam Segwit2x BTC1 altcoin effort. LOL



8. Post 23438813 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.24h):

Anyone else here have InteractiveBrokers?

Can confirm no longer can buy bitcoinxb??

Selling pressure this week now from the USA?

Just posted this.

Quote from: centralbanksequalsbombs on October 24, 2017, 02:03:54 AM
(quick PSA: don't keep exposure to any exchange or fund product as it leads to a central point of failure)

For some years now worldwide investors have had the option to invest in the tracking of Bitcoin price through XBT Provider's Exchange Traded Note (ETN) listed on Nasdaq Nordic (Sweden/Stockholm). If your broker allows you to by foreign-listed companies you can probably do this.

Their website
https://xbtprovider.com/


Anyone care to share their experience?


Bloomberg ticker: COINXBT ;  https://www.bloomberg.com/quote/COINXBT:SS
InteractiveBrokers in USA uses ticker BITCOINXB

I've heard InteractiveBrokers in USA this week is shutting down trading access to BITCOINXB and all of XBT's products - anyone else want to comment?

This I'm sure has created selling pressure.

Discuss here.




9. Post 23907141 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.25h):

Quote from: Icygreen on November 02, 2017, 04:36:19 AM
Has anyone considered that perhaps Wu/Ver might be trying to make a BCH move when bitcoin corrects? Perhaps even higher than its original .2 stake?   Not that I'd go to support it, just thought it might be an optimal time to pump BCH when a correction starts.
I somehow think this would be a classic move and perhaps their only move.

BCH always will be and always has been a weak altcoin compared to Bitcoin - it didnt decentralize miners nor did it alleviate any bloat but contrarily added it with fat big blocks, exists in a world where original bitcoin still exists which is better in everyway, and BCH also stuck in the world of ASIC miners....and worst of all got to where it is without traditional consensus.



10. Post 25468664 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.29h):

Quote from: jbreher on November 30, 2017, 02:43:54 AM
Starting to feel the same way as I felt back on the MtGox Peak in 2013. The world is mine... Too euphoric. Also seeing too euphoric comments everywhere... Hope this one will not end up like back then...

Yeah... I hate to also be that guy, but it does feel almost exactly the same:

Nov 2013: Bitcoin dips from 800 to 600, then takes off. (First selloff)  Check
Nov 2017: Bitcoin dips from 8000 to 6000, then takes off. (First selloff) Check

Nov 2013: Bitcoin breaks 1000. Euphoria ensues.  Check
Nov 2017: Bitcoin breaks 10000. Euphoria ensues.  Check

Nov 2013: Bitcoin starts jumping 8-10% per day. Check
Nov 2017: Bitcoin starts jumping 8-10% per day. Check

Dec 2013: Bitcoin hits 1150, then majorly crashes. Major FUD bad news that no one anticipated comes out of left field.  Check
Dec 2017: Huh??

Well if history repeats, it's not like anyone didn't know...   Undecided

Crossing my fingers that this time it really is different.

So what's the problem? Hodl. If it is indeed a pattern, we just do it again in four years. At $100,000.

While you are correct in that you'd just have to wait another 4 years to get a new all-time high, the answer to your question of what the problem is that it will burn a lot of innocent faithful crucial new adopters distributed across nearly every country in the world. This could be bad for adoption trajectory.

The release of bitcoin futures that will be settled with no actual delivery of actual bitcoins may be the tool the central banks needed to subvert bitcoin into submission.  It may take a couple of years where things are fine and dandy for them to establish dominant volume at first, but once the dominance is established, manipulate and subvert.

If either or both of above are true, there could be scenario where a new ATH may become....much tougher...

(im talking about getting past somewhere much higher than today....like 20k or 50k...passing any new ATH past here with high volume on bitcoin futures....not good)



11. Post 26512209 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.33h):

Quote from: HairyMaclairy on December 17, 2017, 09:18:08 PM
From Bittrex Twitter:  

We've upgraded the servers again.  We exceeded the previous cap of 500k concurrent users.  Sorry for the inconvenience.

Edit:  If Bittrex has 500k concurrent users (noting many of those will be bots), how many humans are there and what proportion of the crypto market is Bittrex?  

I’ll take a stab in the dark and say 50:1 users to concurrent users. So 25 million account holders. If we assume Bittrex has 10% of the global crypto market that gives us 250 million owners of crypto globally.  Based on a global population of 7.6 billion we are at 3.2% of the global population holding “some” crypto.



No, I'd say we are closer to 1% of global population use. But that number in itself is huge. We hit 1% in 10 years, and I think within 3 years we will be almost 3%! That's alot more people pouring in soon. As the max global population I'd foresee actively using Bitcoin in our lifetimes may be about 6% to 7%.

Once Bitcoin hits 5%, it is effectively mainstream and at that point already taken over traditional financial structures. This will happen within 5, maybe 6 years maximum.



12. Post 26520194 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.33h):

Quote from: LewisPirenne on December 18, 2017, 02:25:10 AM
With Direxion, people are probably going to get rekt with some inverse (bear) 3x (leverage) BTC fund though.  Probably going to break record for a listed ETF going to zero (or splitting).   Roll Eyes

Also, it takes a while for crowds used to buy-low-sell-high and pump-and-dump in CB dominated inflationary world to figure out that with deflationary currency, it's all pump-and-pump and sell-high-and-buyback-even-higher as people hoard it to oblivion.



Direxion 3x BTC bullish and inverse funds would be fun. LOL.

For those keeping track, this is how long it has taken the cryptocurrency to cross the key psychological levels:

    $0000 - $1000: 1789 days
    $1000- $2000: 1271 days
    $2000- $3000: 23 days
    $3000- $4000: 62 days
    $4000- $5000: 61 days
    $5000- $6000: 8 days
    $6000- $7000: 13 days
    $7000- $8000: 14 days
    $8000- $9000: 9 days
    $9000-$10000: 2 days
    $10000-$11000: 1 day
    $11000-$12000: 6 days
    $12000-$13000: 17 hours
    $13000-$14000: 4 hours
    $14000-$15000: 10 hours
    $15000-$16000: 5 hours
    $16000-$17000: 2 hours
    $17000-$18000: 10 minutes
    $18000-$19000: 3 minutes


source: http://www.zerohedge.com/news/2017-12-07/bitcoin-blasts-through-15000?page=18



13. Post 27454441 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.37h):

Quote from: HairyMaclairy on January 04, 2018, 08:46:17 AM
The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious.  The rest is shit.   Happy to hear contrary opinions. 

Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?

Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious)



14. Post 27455025 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.37h):

Quote from: oblox on January 04, 2018, 09:17:37 AM
The only coins in the top 15 that are “honest” imho are BTC, Ether and Monero. And Ether can be a bit dubious.  The rest is shit.   Happy to hear contrary opinions. 

Is basically every "Equihash" altcoin reliant on the trusted setup (destruction of master key ceremony)? Not just Zcash, zclassic, but Bitcoin Gold as well?

Can anyone comment? All equihash coins = trust in trusted setup. (if so, what a crappy "gpu"-mineable algo that bitcoin-gold team chose - dubious)

No, only ZEC forks are. Equihash is just the mining algo, no different than scrypt, sha256, or ethash.

Ah okay, thanks!



15. Post 29416425 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.41h):

I'd feel guilty if I didn't share with you guys - join me and eat up...

Quote from: centralbanksequalsbombs on February 01, 2018, 10:50:13 PM
....Nom, Nom, Nom

huh? you look confused?

time to buy and load up. its september 2017 and bitcoin on sale for 3,100usd.
buy and come back in 4 years.


nom, nom, nom

...nom, nom, nom...

Christmas came back quick! What a wonderful new year, welcome to 2018.

Time to buy and load up, its february 2018 and bitcoin on sale for 8,900usd! lightning network emerging. scamcoins dying.
buy and come back in 4 years.

...nom, nom, nom...




16. Post 29423020 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.41h):

Quote from: centralbanksequalsbombs on February 02, 2018, 02:30:48 AM

UPDATE:


as noted above 'combination' = BTG + litecoin + monero + vertcoin + groestlcoin
predicted to be become 5x BCH's market value

Predicting Bitcoin Cash (BCH) will be the worst and will fall in relative terms while everything else grows relative to BCH.

Real Bitcoin is most superior in store of value now and going forward - lightning network emerging!

Lightning network and Bitcoin's superiority will be the story of the year. Altcoins have experienced and may likely continue to experience a relative death.

Will reiterate - great entry point to buy Bitcoin at these levels.



17. Post 39247834 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.57h):

Quote from: mymenace on June 02, 2018, 09:21:06 PM
it's a money thing..those that have and those that do not...money and power concentrate...at least in uncontrolled 'crony capitalism' of the

18th century and standard oil and the Rockefellers etc....seems it is doing so quite rapidly again this decade as well...there will be backlash IMHO,

as it has 'swung' too far ..but we will see...

.. and if/when the big reset comes, there will be golden era for bitcoin and cryptos in general..

all it takes is one or few bit developed countries slowly moving towards gigantic wealth redistribution.
I cant imagine governments doing it without massive tax on rich or outright nationalization of private property and companies. + hyperinflation to cancel debts. (like Venezuela today, with some 50% weekly inflation) There were many examples in the past and its sure it will be repeated again and again.

Not to put fear in anything, but it is a war

Their made up money (controlled) against our made up money (decentralized)
War is inevitable, depends which one wins (Currency war - current, Financial war - imminent, Military - where central banks want to go)

Hard to know what to do.

The other global war going on the Information War (Propaganda/Fake News/Censorship).
To persuade you to follow the government that is going to back the right money(better be our money) is very "confusing" for the average information soldier.


https://en.wikipedia.org/wiki/Petro_(cryptocurrency)
https://cointelegraph.com/news/pax-crypto-russia-proposes-first-multinational-cryptocurrency-expert-blog
https://cointelegraph.com/news/member-of-chinas-main-political-advisory-proposes-national-crypto-trading-platform
https://www.news.com.au/finance/economy/australian-economy/should-australia-start-its-own-cryptocurrency/news-story/368b3f603f42337c70162cf434777ca2

Six global banks join forces to create digital currency
https://www.ft.com/content/20c10d58-8d9c-11e7-a352-e46f43c5825d

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

http://www.wjhg.com/content/news/Russia-bank-helps-Venezuela-defy-US-cryptocurrency-sanctions-482564051.html

Are they really against bitcoin or do they want you to use their crypto?


Welcome to the new wealth redistribution program

We want you for Bitcoin!


I can only imagine it....
Headline

Bitcoiners dumping hard on Central Bank crypto stocks

Another win for Bitcoin..


Hahahhaha - LOL

Fear? Are you kidding me?

when will central banks stop inflating house prices and stocks prices? why do they need to? will all confidence collapse if they stop?
If fiat/credit supply stopped growing, then house prices, stock prices, financial assets would crash significantly in value.

Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.

Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.

Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold).

Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade

Above are just small examples.

First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.

Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
 Too bad all altcoins are relatively worthless!

Bitcoin's blockchain is the only unique one to provide the most security in a decentralized, global, incentivized fashion.

Popularity of Bitcoin will begin to explode with lightning in the next year.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.

All other "blockchains" are more private worthless databases, my old nokia phone can do worthless databases. Other blockchains are simply scams.

Bitcoin's price will be at the very least more than 4 times (400%) of todays price in 5 years.

Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...
Why are altcoins relatively worthless compared to bitcoin?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.


For global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc), the fiat bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with (the following whether good or bad):
-inflating fiat to keep house-prices from collapsing
-inflating fiat to keep stock market rising
-financing conflicts, bombs, missiles/aircraft/embassies, and "aid"
-frivolous legal costs (systemic resources wasted on legal threats, settlements, lawsuits bogging down system)
-regulatory burden on fiat banks & system (incredibly costly, lots of labor for each $1 in circulation)
-backstopping insurance frauds
-costs of auditors and budgetors and accountants checking the same thing over in governments and businesses (& still suspect)
-big insurance loss-events
-unemployment & other welfare costs
-stabilize regions after natural disasters
-keeping monopolies with internet access and information centralized and search engine crawlers centralized
-officially sponsored "money laundering"
-backstopping credit chargebacks
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money


Bitcoin, systemically, is free from these limitations and burdens.



18. Post 39994512 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.58h):

Quote from: theymos on June 12, 2018, 11:45:10 PM
Meta idea: since people are always making price predictions, I was thinking that it'd be cool to add a "Speculation score" number under your posts/merit/activity while in the speculation section, with the score based on some continuously-running price prediction game. I probably don't have time to develop a game like that, though. But if someone else creates it off-site with the necessary APIs, your site could provide the scores for the forum. Anyone want to create it?

Great idea - thank you Theymos;

A couple of suggested criterion for anyone working on this:
1) biggest issue here is if someone games the code to manipulate results - thus OPEN SOURCE
2) price prediction must be matched with a time frame - once price hit, +1 score? or would those game this by playing volatility and pick a price close to current price? (must be atleast a # % away from current price?)
3) negative scores for incorrect predictions



19. Post 39994902 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_15.58h):

Quote from: centralbanksequalsbombs on June 13, 2018, 12:15:58 AM
Meta idea: since people are always making price predictions, I was thinking that it'd be cool to add a "Speculation score" number under your posts/merit/activity while in the speculation section, with the score based on some continuously-running price prediction game. I probably don't have time to develop a game like that, though. But if someone else creates it off-site with the necessary APIs, your site could provide the scores for the forum. Anyone want to create it?

Great idea - thank you Theymos;

A couple of suggested criterion for anyone working on this:
1) biggest issue here is if someone games the code to manipulate results - thus OPEN SOURCE
2) price prediction must be matched with a time frame - once price hit, +1 score? or would those game this by playing volatility and pick a price close to current price? (must be atleast a # % away from current price?)
3) negative scores for incorrect predictions

On the topic of predictions, lightning network for Bitcoin will fan more fire for the blazing Bitcoin revolution....I predict Bitcoin at 14k within 18months, 20k within 26months, 35k within 48months, 50k within 60months

Onto scamcoins update TODAY:


Quote from: centralbanksequalsbombs on February 02, 2018, 02:35:11 AM

UPDATE:


as noted above 'combination' = BTG + litecoin + monero + vertcoin + groestlcoin
predicted to be become 5x BCH's market value

Predicting Bitcoin Cash (BCH) will be the worst and will fall in relative terms while everything else grows relative to BCH.

Real Bitcoin is most superior in store of value now and going forward - lightning network emerging!

Lightning network and Bitcoin's superiority will be the story of the year. Altcoins have experienced and may likely continue to experience a relative death.

Will reiterate - great entry point to buy Bitcoin at these levels.



20. Post 48086926 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.14h):

The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.



21. Post 48087158 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.14h):

Quote from: QuestionAuthority on November 21, 2018, 12:52:12 AM
The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.


Underrated post.


Agreed!

Thank you both.



22. Post 48087169 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.14h):

Quote from: QuestionAuthority on November 21, 2018, 01:00:53 AM
JJG doesn’t write posts. He sits and yells into a text to speech microphone. No one would ever type that much without being forced (like in school).

LOL



23. Post 48087279 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.14h):

Quote from: JayJuanGee on November 21, 2018, 01:10:02 AM
JJG doesn’t write posts. He sits and yells into a text to speech microphone. No one would ever type that much without being forced (like in school).

I write every single one of my posts.

One thing, so far, is that i have not been accused of plagerism... hahahahahahaha.. because almost every little word that I type flows through my fingertips.... believe it or not?

Hey QA... since I got you on the line.. I seem to recall that I was pissed off at you for a certain amount of time around December 2015 because you were bragging in the thread and proclaiming to sell a decently large stash of your BTC for christmas shopping.. something like that.. so I recall that presentation from you as being an irritating set of interactions and circumstances because it seemed to be a kind of rubbing in, and even encouraging BTC sales at an inopportune time.  Like gloating.   Tongue Tongue

 Am I remembering correctly or was that a different year or perhaps a different forum member?  Could have been 2014 or even 2016.. but for some reason I seem to recall the situation as 2015.

Woah!

So atleast it sounds like QA change his tune? I'm guessing?

This market is so painful btw.



24. Post 48087620 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.14h):

Quote from: JayJuanGee on November 21, 2018, 01:31:53 AM
JJG doesn’t write posts. He sits and yells into a text to speech microphone. No one would ever type that much without being forced (like in school).

I write every single one of my posts.

One thing, so far, is that i have not been accused of plagerism... hahahahahahaha.. because almost every little word that I type flows through my fingertips.... believe it or not?

Hey QA... since I got you on the line.. I seem to recall that I was pissed off at you for a certain amount of time around December 2015 because you were bragging in the thread and proclaiming to sell a decently large stash of your BTC for christmas shopping.. something like that.. so I recall that presentation from you as being an irritating set of interactions and circumstances because it seemed to be a kind of rubbing in, and even encouraging BTC sales at an inopportune time.  Like gloating.   Tongue Tongue

 Am I remembering correctly or was that a different year or perhaps a different forum member?  Could have been 2014 or even 2016.. but for some reason I seem to recall the situation as 2015.

Woah!

So atleast it sounds like QA change his tune? I'm guessing?

This market is so painful btw.

No.  I think that he is largely the same... which means that it is likely that his account has not been SODLed nor compromised... hahahahaha

I can still read such variations of quasi-subdued gloating in his posts that leaks out of the post seams, every once in a while.. .. at least attempting to read the overall contents and tone...   

Nonetheless, I do have to say that I did appreciate some of his relatively recent efforts to screen bitcoin maximalists, and to send smerits to largely bitcoin maximalists rather than shit coin pumpers, but I think that he had given up on that angle as long as he could figure out other means of contribution.. I suppose that he could probably elaborate, if he were to conclude that such topic were worthy of any response from his highness.  hahahahahhaha

You may have a point - he didn't even give me smerit for the post which he 'agreed' being underrated



25. Post 48087888 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.14h):

Can someone point me to historical drawdowns table for BTC (ie 2013, 2015, including updates with Nov '18 action)??



26. Post 48174751 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.15h):

Quote from: kromer on November 24, 2018, 03:24:43 AM

I'm in Bitcoin more than just for profit. What if what they say about LN trending towards centralization (and therefore government interference and control) comes true? What if BCH does live up to its promise of achieving massive on-chain scalability with low fees within the next few years? These are possibilities I take into account. I used to be a hard core maximalist, but I have changed my stance. It's much more than just bitcoin now, a whole industry is forming. I believe ICOs do have value. They offer anyone in the world a chance to invest in projects they believe in. I don't collect tokens, but there are many projects I respect and are trying to improve the world.

Really? Very simple 4 question litmus test:

1) Expain to me, what makes bitcoin decentralized?

2) Why did Segwit 2.0 attack fail on bitcoin?

3) Lightning network, convince me how it is contrary to what you earlier said, free from government interference - explanation? Take a stab, play devils advocate. (tip: talk routing)

4) Why is it, even since 2013, the hundreds of most 'established' altcoins after years, are not nearly as secure nor decentralized as bitcoin?

Simple four questions.




27. Post 48174847 (copy this link) (by centralbanksequalsbombs) (scraped on 2020-04-04_Sat_16.15h):

Quote from: JayJuanGee on November 24, 2018, 02:16:48 AM
...think about sound money and network effects of bitcoin rather than...

Hey JJG, I just realized, you've engaged with a poster here earlier in the week, whom after looking at their other posts on their profile, smells and leans heavily to high-shill factor side. Funny how that poster doesnt bring all that to the WO thread.

You have quite the tolerance level.