Gold collapsing. Bitcoin UP.

[79b79aa8]

Where BSV is accused of centralized planing because there was a defiant leader who refused to cooperate, who by the way, has more or less kept to his promise not to change the protocol.

most importantly BSV has a vision of where it is going and is taking giant steps to get there.

BCH has piecemeal proposals authored by devs in need of a paycheck proposing to implement fractional satoshis, double spending protection, preconsensus methods, and at some point in the undetermined future, controlled blocksize increases. all of this under the unsubstantiated notion, standing in lieu of a vision, that the resulting product will compete with fiat as a payment method across different jurisdictions.

 

[bitsko]

perhaps one metric for determining the success of BCH is how many new and novel opcodes can be introduced in each cycle

Post automatically merged: Jun 22, 2020

OP_LOOKWHATICANDO

 

[Norway]

"Developers can earn money not with their endless desire to experiment with the protocol and change it, but rather by working for organisations. They can work for an organisation that creates code and sells it to miners, or they can work for the node operators (aka miners) themselves.

If developers do not wish to work for another entity, nothing stops them from setting up their own organisation, from being entrepreneurial and founding a new organisation, with either their own money or money from capital that they manage to raise.

But here is the problem: such individuals don’t want to be beholden to another party. Mostly, they don’t want to be beholden to the market. They are hypocritical: they call out as if they wanted capitalism, and yet the first thing they do is run from any entrepreneurial opportunity that presents itself. Nothing stops them from forming an organisation designed to create APIs that may be sold to wallets or businesses. Nothing stops them from creating companies that would sell to individual nodes (miners). But to do so, they need to place themselves in the judgement of the market. They need to make a product that produces a result that is demonstrably better than any of the competition’s. They need to be good. Not just now, but continuously.

And here lies the rub: such developers do not seek to work hard and do not seek to create; they’re arguing that they deserve to be paid because they had been involved with Bitcoin or related systems earlier than some other person was. That it does not matter that another person is a better coder than them. And that it does not matter that another person has sunk weekends and long hours of study into understanding the system and creating something that may be better. Like all socialists, they believe that they are owed a living."

Craig Wright, today

Source: https://craigwright.net/blog/economics/techno-communism-and-the-desire-for-socialism-through-code/

 

[bitsko]

spicy?

Post automatically merged: Jun 22, 2020

BUIP ????? buy all teh BCH token
BUIP ????? pay me to shill BCH

 

[cypherdoc]

"Developers can earn money not with their endless desire to experiment with the protocol and change it, but rather by working for organisations. They can work for an organisation that creates code and sells it to miners, or they can work for the node operators (aka miners) themselves.

If developers do not wish to work for another entity, nothing stops them from setting up their own organisation, from being entrepreneurial and founding a new organisation, with either their own money or money from capital that they manage to raise.

But here is the problem: such individuals don’t want to be beholden to another party. Mostly, they don’t want to be beholden to the market. They are hypocritical: they call out as if they wanted capitalism, and yet the first thing they do is run from any entrepreneurial opportunity that presents itself. Nothing stops them from forming an organisation designed to create APIs that may be sold to wallets or businesses. Nothing stops them from creating companies that would sell to individual nodes (miners). But to do so, they need to place themselves in the judgement of the market. They need to make a product that produces a result that is demonstrably better than any of the competition’s. They need to be good. Not just now, but continuously.

And here lies the rub: such developers do not seek to work hard and do not seek to create; they’re arguing that they deserve to be paid because they had been involved with Bitcoin or related systems earlier than some other person was. That it does not matter that another person is a better coder than them. And that it does not matter that another person has sunk weekends and long hours of study into understanding the system and creating something that may be better. Like all socialists, they believe that they are owed a living."

Craig Wright, today

Source: https://craigwright.net/blog/economics/techno-communism-and-the-desire-for-socialism-through-code/

sounds like he's been reading this thread.

 

[cypherdoc]

Bitinstant rewind, :

 

[bitsko]

wow a hundred dollars in bitcoin? he ought to be able to move it around 50 times before it disappears if he is careful!

 

[79b79aa8]

i assume he expects to move that exactly once.

 

[Zarathustra]

The more obvious reality is that Craig thinks he is Satoshi, but he's not.

 

[Norway]

From the deposition of Gavin Andresen:

The Australian Tax Office (ATO) wanted 51% tax from Craig. I believe this is what prevented him from signing in public.

Perhaps the mysterious date (sometime next month? I can't remember) inside the DeLorean during Coingeek London marks the time when Craig can pay a much lower tax to Antigua and therefore is able to sign bitcoin addresses in public?

 

[Jonathan Vaage]

 

[torusJKL]

The Bitcoin.com forum is closing on July 23rd.

The Bitcoin.com Forum is (NOT) closing on July 23rd 2020.

IMPORTANT NOTICE The B Forum is closing on July 23rd 2020. Thank you for using . Update; We are pleased to announce that we will be keeping the B forum active after careful...

forum.bitcoin.com

 

[79b79aa8]

The Bitcoin.com forum is closing on July 23rd.

The Bitcoin.com Forum is (NOT) closing on July 23rd 2020.

IMPORTANT NOTICE The B Forum is closing on July 23rd 2020. Thank you for using . Update; We are pleased to announce that we will be keeping the B forum active after careful...

forum.bitcoin.com

cc: @Bloomie

 

[Bloomie]

I would be OK with hosting their existing content on our forum if @Rogerver is inclined to work with us on this. Would be pretty easy from a technical standpoint.

 

[79b79aa8]

number of txns in last 24 hours:
BCH: 12,258
BTC: 324,471
BSV: 1,652,493

txns avg. / hour:
BCH: 511
BTC: 13,520
BSV: 68,854

that's a widening one/two orders of magnitude lead.

yes, those txns are not organic, it was a test. but the BSV network can handle the spikes hands down, whatever else naysayers pitifully mumble. BSV is preparing for larger sustained throughput and has the numbers to show it.

we can't be sure that if you build it, they will come. but we can be sure that if you don't build it, they will not come.

 

[bitsko]

good luck bloomie I tried to contact roger in the past to collaborate, what he really wanted was everything for himself under his employees.

the end result was this pile of shit we see shutting down now.

 

[sgbett]

No, debt creation is the reality. Neither the government sector nor the private sector ever pays back debt.
It always grows, "endlessly until the end".

The latest trick from UK govt was to just give 10k to anyone that could show they were a business. (not affect by covid, or needed the money in any way, just enough to stop people claiming twice) blatant helicopter money! More blatant still in the US they just went straight to give everyone $2k huzzah (so I beleive?)!

Post automatically merged: Jun 24, 2020

<snip>... the system is built on "money printing" with a debitism veneer. the wizard behind the curtain hides. Neil Kashkari, "we can print unlimited amounts of dollars".

It works (until something goes wrong) because of the chart Z posted no?

Buying power of 1 $ over time:

(sorry if im necroposting here )

 

[sgbett]

the only thing BTC has achieved since the last bubble that would warrant a new one, is to halve again. no lightning for low fee txns, no new use cases. liquid is a piece software doing a job, like any other piece of production software. BTC itself is maxed out. no enterprise blockchain application considers running on BTC.

people who did not make money in 2017 are running up a fever and hoping to cash in on what they conceive as a little secret (all previous halvings -- two -- followed by bubbles). but the future will not necessarily be like the past, especially when the background has changed vastly. i don't see tens of billions of dollars flooding the BTC market just to get stationed. i see thinly veiled pumping, and a crash course with reality.

It will not be like the past, run ups following a halving were coincidental, what preceded each run up was a "gap fill" where all the speculative mania was retraced until the base utility was found. That is still occurring in BTC, and it will take longer because the HOPIUM is so much stronger, the momentum is greater, the market is bigger. It *will* retrace though, because that is the emergent behaviour of the collective market mindset.

Post automatically merged: Jun 24, 2020

Ok, then so just unfounded rumors started by someone else

I don't really care, just seems like an odd assertion that Zectro, whose posts to me seem like the average CSW court case investigator, would be assumed to be a former nChain employee who could probably drop some more interesting dirt about what goes on there (instead of just posting about court documents, etc).

Zectro is a full time, investigative anti CSW twitter account. It tweets about nothing else. Its as transparent as the Kleiman suit

 

[sgbett]

i don't think the store of value argument holds water, but it is possible BTC carries on in its zombified way for quite a while. it will at the very least end up as a collector's item.
what do you mean by "decentralized"?

My exact same thoughts! Which is brilliant, because it plays right into Sato...er Craig's hands

 

[sgbett]

Ok, forget my last post.
I finally made the new Electrum SV running. You can export and import seeds, it is just a bit hidden / structured in another way. The wallet looks good, and to have accounts inside one wallets seems ok - don't know the pros and cons.
After all, my rant against Roger and Electrum SV was unfair. Sorry,

Sorry for being a pedant but at the risk sounding like craig police, you apoliged to ver et al, but Craig...

Sorry, but csw lies about everything. He was good about some poijss and good at crafting a well understandable message

But his record of lying, unresolved promises and badly charactered fault pushing to whoever is close to him is smelling so rotten that it becomes very hard to ignore.

Post automatically merged: Jun 24, 2020

i had an Uncle Donald once. was one of the nicest and most honest guys. sigh.

well fuck me if that isn't 100% then what is!!!

Post automatically merged: Jun 24, 2020

Basically waiting for @cypherdoc to reply so I can drag (him/her) into this ;p