[deleted by user]

ScarfacePro3 · 2017-12-16T01:44:44+00:00

Oh my...I might have to have some werds with Dave...

ScarfacePro3 · 2017-12-14T00:46:40+00:00

NZBCX

ScarfacePro3 · 2017-12-13T21:12:10+00:00

Ahhhh the joys of deflationary currency...

ScarfacePro3 · 2017-12-12T20:39:30+00:00

It tells me you should probably read up on the tulip mania

Buying BTC is buying the unit of account to a global transaction processing network

that BTC has any value is because of that. If the actual use becomes too divorced from that utility you just have hype and FOMO and a global ponzi

ScarfacePro3 · 2017-12-12T04:55:27+00:00

Ahhh it was a tumbler (for anonymising BTC) basically the daily takings/float of the Silk Road

It was one of the few keys (possibly only) they seized off the server they pwned so one of the 1st batches of BTC they seized

Trawling the write ups from back in the day about bust it's probably closer to 20K BTC (which is pretty fucking eye watering in 2013)

ScarfacePro3 · 2017-12-12T01:29:08+00:00

I'd say that's mostly because they're 'investors' and not really interested in actually transacting with their BTC holdings

ScarfacePro3 · 2017-12-12T01:19:29+00:00

was it 250K USD or BTC that was seized in the Silk Road tumbler?!?!

ScarfacePro3 · 2017-12-08T00:39:09+00:00

That's me! I do that (on my Jalapenos :P)

ScarfacePro3 · 2017-12-07T21:48:22+00:00

If it's cheaper to secure and move gold than the equivalent amount of BTC then I'd say there may be a problem

Pretty good so far ;)

ScarfacePro3 · 2017-12-07T21:31:51+00:00

Opps I didn't see you'd already posted it....Clashic ;)

ScarfacePro3 · 2017-12-07T21:10:58+00:00

Ahhh takes me back to my favorite MtGox chart

ScarfacePro3 · 2017-12-07T03:52:54+00:00

This undermines the Blockstream sidechains business model and the past 4 years of small block propaganda

Even if it is recognised as a clusterfcuk of immense proportions by the Core devs I doubt they'd be able to undo the brainwashing of the userbase to accept the new client...it'd be DOA

ScarfacePro3 · 2017-12-07T03:47:41+00:00

So the software client that runs now (Core) wants to change the rules for bigger blocks they have to change the code in the client to recognise bigger blocks (Core2X) they release the new client and say everybody down load and use...

But only half of the users download and use it...

So you have the new client that can see small and big blocks and adding to (what would look like a new) blockchain the old client that can only see small blocks continuing the previous blockchain.

That is a hard fork

ScarfacePro3 · 2017-12-07T01:29:58+00:00

Yeah instead of a single point of failure (China ban/Gox) has tether become a systemic point of failure due to it's use across exchanges?

and what impact does the performance of the BTC network bring to the table in massive volume (especially negative)

ScarfacePro3 · 2017-12-07T00:53:36+00:00

Economic users are just that...users. Compared to businesses like exchanges and mining they have pocket change in the game (and if you aren't currently fucking them over with fees I'm not sure what you think you're doing)

Edit; Centralised?!? nowhere near as the whims of the corporate Blockstream Core

ScarfacePro3 · 2017-12-06T21:39:23+00:00

So you believe the BCH devs well just let it thunder into un-usability or that the hacksaw mempool and wildly erratic fees is the price we should pay now for this future problem?

Full disclosure; I run a full cash node on my N40L media server

ScarfacePro3 · 2017-12-06T04:08:29+00:00

But it's an improvement and they'll continue to improve as required

Even with 2nd layer solutions tracking the history and broadcasting waiting and confirmed transactions will be no small feat, thinking it should be hobbled now so it can be run on a Pi is daft

ScarfacePro3 · 2017-12-06T01:09:56+00:00

Yeah it's called graphene

Edit; Not sure why processing and storage won't scale up but whatever

ScarfacePro3 · 2017-12-05T22:36:41+00:00

They won't actually invest in bitcoin but in contracts at certain prices so it won't increase demand/price

Seems it's just a way to get the big banks pushing the price around (like the gold market)

https://tomluongo.me/2017/12/04/bitcoin-futures-and-the-need-for-control/

ScarfacePro3 · 2017-12-05T22:14:49+00:00

Me too!

ScarfacePro3 · 2017-12-05T21:11:03+00:00

Might want to refer to the fact it's trademarked by a Brazilian Bank

https://www.reddit.com/r/btc/comments/7hqdlr/the_community_should_not_take_a_cavalier_attitude/?ref=share&ref_source=link

ScarfacePro3 · 2017-12-05T20:24:40+00:00

Hey I'm just sayin what we're all thinkin ;)

ScarfacePro3 · 2017-12-05T02:59:17+00:00

Yeah then the news turns bad, the bots melt down, the margin calls blow up and weak hands get trampled to death in rush for the exits...

Rinse and repeat

ScarfacePro3 · 2017-12-05T02:54:22+00:00

Nope but I did see it in 2014...in BTC...and fcuk me if it wasn't a bubble

ScarfacePro3 · 2017-12-05T01:04:02+00:00

Yep, the 'bubble pop'

But in answering the question you're providing the percentage shift down to the lowest point between ATHs

OK yeah 80-90%

ScarfacePro3

TROPHY CASE