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  1. #2341
    Registered User iifymbro's Avatar
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    Originally Posted by Parkerscott View Post
    lol yall have no idea what I have going on. Im not about to call you out Alan Watts. Believe me, i know plenty about you, and i know who your friends are.

    Anyway im out again. I only came back because i had people bugging me in my pms and rep bar. Its clear yall havent grown up yet. Enjoy the TA or whatever trash scheme yall have going on. Might just go make some alts just to troll everyone. Whats everyone holding or trading nowadays?

    See ya later boyos!! I just got a whole lot more free time!!!!!
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  2. #2342
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    Originally Posted by Witrebel View Post
    If you scroll back a bit, you'll see that I tipped my hat your way and pretty pleasantly asked how you were doing. Good to hear you ended up making out pretty well. I don't know you from a hole in the wall but I do have a bit of knowledge about when you bought into eth, and what type of gains you stood to make. Happy to hear that you locked in some of those profits. I really don't take anything too personally, especially on the MISC lmao. I do take technical conversations pretty seriously, and although I have apparently "drank the koolaide" I also don't want to see people taking financial advice that is not technically sound. I think in a way I view you as one of the misc crypto OG's and associate that with a bit of clout. So when I see you dismissing all criticism as "bitcoin maximimalist professional hit piece" I just want to counter that with the other side of the argument so that folks on here get the full picture. End of the day its a crypto chat on the MISC, I don't know why I really even care. But I'd like to see actual debate about the merits of this stuff, versus just chitposting all day long. I'm sure you remember to good old days of Bitcointalk.org when it wasn't shill.com/referalllinks.org. Anyways, I am just a pretty normal engineer who made modest (4 figure) gains mining and selling LONG before the epic 2017 pump. I think I've made a few pretty solid arguments for so called "BTC Maximalism" and you pretty much deflected. I'll ask you a pointed question as I can get pretty verbose.

    Can the concept of a cryptocurrency being a global reserve currency / store of value continue to exist in a world where BTC has been "flipped"? If another coin takes on the mantle as the REAL store of value coin, would this type of a "flippening" validate the concerns of Peter Schiff and others that "21 million coin cap" is just a myth? That you can simply create new coins and protocols to bypass the supply cap? Or do you think that type of event will just be business as usual, "markets don't wait for a perfect solution" type of thing?
    Hey man sorry about earlier, i know its not an excuse, but i just got back from a snowboard trip and didnt check the computer the entire time, and when i got back i had pms and stuff from other sites that set me off so i was in a pretty bad mood. Anyways to try and answer your questions. I would say yes and no for that question. I do believe something else could flip bitcoin as the "store of value" and the market could still survive. Would something flip it? Possibly? Nothing in life is 100% certain and ive seen plenty of black swans im my life so im not going to say bitcoin is king now and forever. It would be tough for something else to flip it, but im not ruling it out. This technology is still pretty nascent and BTC is still sitting at like a $65b mcap and its reputation isnt doing too hot right now. If something is hard to explain, it just makes adoption that much harder. You probably already know by now how hard it can be to get good friends and even total strangers to do some of the most easiest tasks. If bitcoin could be explained easier or it was easy to use, i think it would have a really good shot.

    Some of the greatest minds in the world would use as little words as possible.

    Anyways im out, just forgot that i passed by you. Might come back if you have a rebutal or you can prime minister me.
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  3. #2343
    Throbbing Member jamalfudge's Avatar
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    That wasn't very long.
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  4. #2344
    I am Bomani Jr. Trapstar4.4's Avatar
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    Originally Posted by Parkerscott View Post
    lol yall have no idea what I have going on. Im not about to call you out Alan Watts. Believe me, i know plenty about you, and i know who your friends are.

    Anyway im out again. I only came back because i had people bugging me in my pms and rep bar. Its clear yall havent grown up yet. Enjoy the TA or whatever trash scheme yall have going on. Might just go make some alts just to troll everyone. Whats everyone holding or trading nowadays?

    See ya later boyos!! I just got a whole lot more free time!!!!!
    dude if you want to team up we can grab some addresses and go beat some ass
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  5. #2345
    Registered User manjay's Avatar
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    Wow, blockstream has leased some bandwidth on satellites giving devs access to satellite APIs on lightning network. Effectively giving bitcoin bloclchain access around 90% of the world via a usb and software (no ISP routing) + privacy. Pretty mimdblowing what this could be in the future.

    https://coinrivet.com/blockstreams-s...mpression=true
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  6. #2346
    Aware since 2004 Witrebel's Avatar
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    Originally Posted by Parkerscott View Post
    Hey man sorry about earlier, i know its not an excuse, but i just got back from a snowboard trip and didnt check the computer the entire time, and when i got back i had pms and stuff from other sites that set me off so i was in a pretty bad mood. Anyways to try and answer your questions. I would say yes and no for that question. I do believe something else could flip bitcoin as the "store of value" and the market could still survive. Would something flip it? Possibly? Nothing in life is 100% certain and ive seen plenty of black swans im my life so im not going to say bitcoin is king now and forever. It would be tough for something else to flip it, but im not ruling it out. This technology is still pretty nascent and BTC is still sitting at like a $65b mcap and its reputation isnt doing too hot right now. If something is hard to explain, it just makes adoption that much harder. You probably already know by now how hard it can be to get good friends and even total strangers to do some of the most easiest tasks. If bitcoin could be explained easier or it was easy to use, i think it would have a really good shot.

    Some of the greatest minds in the world would use as little words as possible.

    Anyways im out, just forgot that i passed by you. Might come back if you have a rebutal or you can prime minister me.
    Ironically I was out snowboarding Thursday-Saturday. Anyhow, I agree that the complicated nature of Bitcoin makes it pretty hard to adopt. It's basic value proposition assumes the user has an understanding of monetary supply, global economy, and a high level of computer science proficiency. I want to re-iterate my argument here as it seems like you are hearing "do you think something CAN flip bitcoin as store of value" which we both agree is certainly possible. "The market could still survive" being your answer to the question, but I'm asking why you think that?

    The Bitcoin Store Of Value proposition is centered on its deflationary nature, and by extension, the 21mn coin cap. The entire incentive structure of the protocol is designed in large part to ensure that this 21 Million coin cap is never changed, or else all of the various parties will lose. The value in Bitcoin is as much the social contract as it is the energy spent mining/securing the blockchain. How could you ever explain to an institutional investor that "Bithereum 2.0 Coin" is the REAL store of value, nothing is likely to flip THIS digital gold? I think there will always be a market for blockchains, but I am pretty squarely interested Trillion dollar valuations. I don't see how you could ever store Trillions of dollars in a mechanism that has been proven to be a poor store of value over time.
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  7. #2347
    I ain't no bitch lowstrife's Avatar
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    So much butthurt, yet not discussion of the 10% pump today.
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  8. #2348
    Maximum Effort gixxer0.6g's Avatar
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  9. #2349
    Aware since 2004 Witrebel's Avatar
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    Originally Posted by lowstrife View Post
    So much butthurt, yet not discussion of the 10% pump today.
    I’m hesitant to acknowledge it because if we can’t reclaim 3600 then I think 2XXX is still game on. Hoping I’m wrong but I don’t think the bottom is in
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  10. #2350
    Registered User propreffered7's Avatar
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    Originally Posted by Witrebel View Post
    The Bitcoin Store Of Value proposition is centered on its deflationary nature, and by extension, the 21mn coin cap. The entire incentive structure of the protocol is designed in large part to ensure that this 21 Million coin cap is never changed, or else all of the various parties will lose. The value in Bitcoin is as much the social contract as it is the energy spent mining/securing the blockchain. How could you ever explain to an institutional investor that "Bithereum 2.0 Coin" is the REAL store of value, nothing is likely to flip THIS digital gold? I think there will always be a market for blockchains, but I am pretty squarely interested Trillion dollar valuations. I don't see how you could ever store Trillions of dollars in a mechanism that has been proven to be a poor store of value over time.
    well, first of all, different coins have different tasks/goals. so, i find this aspect rather hard to talk about

    but just like email or anything regarding new tech ---> email eventually replacing hand written letters. in its infant stages it met resistance from former system not wanting to change

    but if that new system is easier/ more efficient/ cheaper/ whatever. i think its almost inherent that it will eventually replace the old tech. it may take a while, but it probably will eventually happen

    not always but a lot of the time

    e.g. email being instant connection vs. putting letter in mailbox, going through whatever system it goes through and taking a few days/ a week to get to recipient
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  11. #2351
    Registered User iifymbro's Avatar
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    Originally Posted by lowstrife View Post
    So much butthurt, yet not discussion of the 10% pump today.

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  12. #2352
    Aware since 2004 Witrebel's Avatar
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    Originally Posted by propreffered7 View Post
    well, first of all, different coins have different tasks/goals. so, i find this aspect rather hard to talk about

    but just like email or anything regarding new tech ---> email eventually replacing hand written letters. in its infant stages it met resistance from former system not wanting to change

    but if that new system is easier/ more efficient/ cheaper/ whatever. i think its almost inherent that it will eventually replace the old tech. it may take a while, but it probably will eventually happen

    not always but a lot of the time

    e.g. email being instant connection vs. putting letter in mailbox, going through whatever system it goes through and taking a few days/ a week to get to recipient
    Yep, completely agree. I think this may be one of the sticking points that make "BTC Maximalists" seem like a bunch of early adopters with their head stuck in the sand (many of them are).

    There are so many ways that the future can make use of blockchains. Supply chain, micro payments, data marketplaces, smart contracts, the list can go on forever really. But I am really only focusing on one specific use case. Store of value, Sound Money, etc.

    I think your "new tech always, eventually, replaces old tech" is a perfect analogy for why folks say that "Every Fiat Currency has always gone to zero" because there will always be another new and improved global power asserting their will and creating a new currency. What I am getting at, is that pretty much the only redeeming value for Bitcoin, versus any other coin, is that it is an attempt to create digital gold. You can try and create gold, but it will always take more energy/cost than simply buying some gold, or mining for gold. So baring a change in the laws of physics, we can be pretty certain that gold is a deflationary, fixed supply, finite resource. This makes it quite useful as a store of value, not discounting the fact that it is also useful in its own right as a material.

    What does Bitcoin bring to the table? It's first? It's the most well known? Sure, these things matter but like you said, something newer/better always comes along. No point in trying to argue that Bitcoin is the most cutting edge protocol, there are much newer more feature rich protocols out there already. The fact of the matter is, the only thing that is truly unique about Bitcoin, what differentiates it from all the newcomers, is the massive pile of work that has already been performed on hashing the blockchain. There are millions of dollars invested in a bunch of math, that as far as we know, is "unhackable". The distribution isn't perfect, but with well over 60% of the supply already in circulation, everyone has a fair shake at buying in right now if they want to. Realistically, the value proposition of Bitcoin is that we all agree there will only ever be 21 Million tokens, divisible down to .00000001, and that if anyone ever tried to alter that fact, there are substantial incentives and market forces at play, that would resist the ability of anyone to alter the "Social Contract".

    So my point is this, the only way a cryptocurrency can have value, is if it is valued by humans/AI. It realistically has no utility, at least not on a "trillion dollar" valuation level. So how does a token have value, if you can simply create a newer and better token? I mean alchemists tried for millennia to create gold. If you can create gold (profitably), it no longer has a fixed supply. I see a flippening the same way I would see an Alchemist being successful. It's not that I don't think Bitcoin needs to change, or that there aren't "better" protocols out there, its that the very idea of a trillion dollar cryptocurrency is borderline laughable. If there is a single piece of evidence that suggests the supply is NOT fixed, then you pretty much lose the valuation right there. It can no longer be thought of as gold. For me, a flippening would be that evidence.
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  13. #2353
    Registered User inb4everything's Avatar
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    Dang...thought it would head down to 2700. Also those EOY 10K predictions are looking laughable now.
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  14. #2354
    Aware since 2004 Witrebel's Avatar
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    Originally Posted by inb4everything View Post
    Dang...thought it would head down to 2700. Also those EOY 10K predictions are looking laughable now.
    I wouldn't rule out new lows just yet. This is one day, not a bullish trend. In my opinion 3460 is a key price level on GDAX. If we see a bounce from 3460, that 3440-3450 zone becomes a nice support level. Otherwise, I am still bearish.

    For reference, that grey box has been a key region so far.
    Last edited by Witrebel; 12-17-2018 at 01:35 PM.
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    Originally Posted by Trapstar4.4 View Post
    dude if you want to team up we can grab some addresses and go beat some ass
    Lol im not trying to fight anyone, but if you want my address just send me a pm if you want to meet up. Not sure if i will give you the exact number, but im not too worried honestly. We are probably going to run into each other at some point anyways. This is an extremely small world and i could probably find you in one to two degrees of separation if you gave me a few details about your life.

    Originally Posted by Witrebel View Post
    Ironically I was out snowboarding Thursday-Saturday. Anyhow, I agree that the complicated nature of Bitcoin makes it pretty hard to adopt. It's basic value proposition assumes the user has an understanding of monetary supply, global economy, and a high level of computer science proficiency. I want to re-iterate my argument here as it seems like you are hearing "do you think something CAN flip bitcoin as store of value" which we both agree is certainly possible. "The market could still survive" being your answer to the question, but I'm asking why you think that?

    The Bitcoin Store Of Value proposition is centered on its deflationary nature, and by extension, the 21mn coin cap. The entire incentive structure of the protocol is designed in large part to ensure that this 21 Million coin cap is never changed, or else all of the various parties will lose. The value in Bitcoin is as much the social contract as it is the energy spent mining/securing the blockchain. How could you ever explain to an institutional investor that "Bithereum 2.0 Coin" is the REAL store of value, nothing is likely to flip THIS digital gold? I think there will always be a market for blockchains, but I am pretty squarely interested Trillion dollar valuations. I don't see how you could ever store Trillions of dollars in a mechanism that has been proven to be a poor store of value over time.
    Where do you snowboard at? Im trying to get offline more and get out in the real world. If you are down we can talk on the ski lifts. Im usually in Taos,Silverthorne,Great Falls area. Not sure if you are outside of the U.S. But im trying to go to Hakuba or maybe even somewhere in California or Oregon or Canada. Might go get a job today just because, and im going to try and negotiate for a lot more autonomy.

    Sorry for blowing up on everyone in this thread btw. Was super tired, and was in a good mood until i hopped on reddit and here and i saw a few guys who have tried to scam me in the past putting out some pretty rough content, and i was asked to step in.
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    Originally Posted by gixxer0.6g View Post
    Green on a Monday? Bottoms in boys and silence. Bummer my $3k didn't fill
    Yeah mixed feelings about this because none of my buy orders of the new money I added hit yet.

    But this is still good. And if this was the bottom that would be exactly one year to the day from the high.
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  17. #2357
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    Originally Posted by luckynrslevin View Post
    looking for a good entry in the next 24h is probably a good idea
    Originally Posted by lowstrife View Post
    So much butthurt, yet not discussion of the 10% pump today.
    I got you fam. I got the whole pump
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  18. #2358
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    Originally Posted by lowstrife View Post
    So much butthurt, yet not discussion of the 10% pump today.
    Hoping this is the 200 ma weekly bounce i was hoping would happen, but prob wont last as nearly every1 believes more lows inc. In saying that, nearly everyone i see on youtube is expecting further lows under 3k... could the contrarian traders rek the mainstream thinking again and push higher?
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  19. #2359
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    Originally Posted by gixxer0.6g View Post
    Green on a Monday? Bottoms in boys and silence. Bummer my $3k didn't fill
    Levels like that either don't get filled, or get smashed through and wicked past. I grabbed a little bit at 3165 but far from full sized.
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  20. #2360
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    From what I'm seeing to summarize todays action. You could have literally thrown a dart ANYWHERE and gained 10%. I like trading much more when multiple coins are moving very independently. Such is life. Ill be waiting for some retrace going into tomorrow before I think about making any plays.
    I woke up this morning still breathing. Might as well take advantage of it.


    Working every day to be just a little stronger, healthier, or smarter than yesterday.
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  21. #2361
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    Feeling slight FOMO because all my new buy orders are set lower and unfilled. But will wait it out.
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  22. #2362
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    Originally Posted by Silencespeaks View Post
    Feeling slight FOMO because all my new buy orders are set lower and unfilled. But will wait it out.
    Lots of bullish on CT. Better not be the bottom. I'm not done accumulating.
    Toxic Masculinity
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  23. #2363
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    Originally Posted by Silencespeaks View Post
    Feeling slight FOMO because all my new buy orders are set lower and unfilled. But will wait it out.
    Yeah same with me. I sold the first green, caught a rebuy, then sold again right before it really took off.
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    God dam, trades sideways for months, I sell a 5% spike, and the chit goes on a run. Hoping for a huge pull back here. No news to speak of right?
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    Originally Posted by KMadigan777 View Post
    God dam, trades sideways for months, I sell a 5% spike, and the chit goes on a run. Hoping for a huge pull back here. No news to speak of right?
    Pumps start before news comes out though, on insider info. So news might become public later.
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  26. #2366
    Registered User BDSMBBW's Avatar
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    https://cointelegraph.com/news/teen-...dead-long-term

    Finman reserving positive comments for Bitcoin Cash (BCH) — notwithstanding its recent controversial hard fork — affirming his belief in the coin’s technology
    Bunch of sell outs. Predicts bitcoin will die, But says bitcoin cash is the real deal. This entire space is filled with shady people.

    There is also that child molester brock pierce who is behind the EOS ponzi scheme.
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    Originally Posted by BDSMBBW View Post
    https://cointelegraph.com/news/teen-...dead-long-term




    Bunch of sell outs. Predicts bitcoin will die, But says bitcoin cash is the real deal. This entire space is filled with shady people.

    There is also that child molester brock pierce who is behind the EOS ponzi scheme.
    Yeah I saw that article the other day. Some kid that bought 400 BTC with a $1000 gift from his grandma back when it was $2. Was worth $8 million at the top.
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  28. #2368
    Registered User propreffered7's Avatar
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    I wonder if kenny caught that 10%
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  29. #2369
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    Originally Posted by manjay View Post
    Wow, blockstream has leased some bandwidth on satellites giving devs access to satellite APIs on lightning network. Effectively giving bitcoin bloclchain access around 90% of the world via a usb and software (no ISP routing) + privacy. Pretty mimdblowing what this could be in the future.

    https://coinrivet.com/blockstreams-s...mpression=true
    "No bitcoin's dead ebcause it's not $20k anymore" - normies and boomers

    LMAO

    Welcome to the future boyos
    Natty poverty maintenance crew

    Actual economist crew

    Austrian school crew
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  30. #2370
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    Originally Posted by Silencespeaks View Post
    Pumps start before news comes out though, on insider info. So news might become public later.
    1 guy caused this pump, crypot cobain on twitter market bought 2000btc and posted proof. So idk if he has inside info or just building a position
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