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10601  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 21, 2020, 05:26:57 AM
This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend.  

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.
\
OK.. it's a bad use of language.  The person would not be a cryptographer.  The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block.  And if it was Hal's coins it would imply a lot more than early coins.  The blockchain analysis people started hyperventalating when this move happened.  So, probably do crooks.  As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

Literally a message before yours shows that another block mined even earlier that day in February 2009 was spent in 2017 and no one gave a shit. Don't see how moving coins from one address to another address comes with a great cost of privacy? If person decided to sell it on exchange it's just a matter of time. Hal's and other coins will soon be moved/sold people need to get over it.

Yeah I am broke so either way it does not effect me! I just want to find a way to prove Craig Wright is not Satoshi! I wish someone would would sign a message and be like "Craig Wright is not Satoshi, Theymos is"!
How many people were mining BTC 25 days into the release? Did Satoshi premine any? Or was it instantly made public like  boom  Genesis block 1 is generated! Then some random guy in Russia mined block 2? I did read satoshi maintained around 5.5 mh/s when he was mining. Can we see the hashrate from block 2-4000?

Also can we leave Satoshi alone? That is all he wants?

Regarding craig wright being satoshi, we do not need to entertain such dumb ideas... there's no proof beyond his mere assertions.

regarding how many miners would have been mining bitcoin 5 weeks after the first block is also questionable or at least unclear.  Mining was available to anyone, and there were mailing lists in which such information about bitcoin and mining was shared, so yeah there could have been some very early blocks that were mined by random people, including some russian, but I am not sure how many or who was known to be mining bitcoin in those first 5 weeks beyond satoshi and hal finney.  

It would be nice to put out a list of possible names for mining in that first 5 week period, but I doubt that even such a list of possible known people would even capture all of the possible persons who might have ended up mining that particular block.. and maybe even somewhat randomly, as you suggested.

By the way, we could probably reasonably eliminate craig from having had mined any coins prior to about 2013 or 2014.... Maybe be even 2015..  that narcissistic pathologically lying retard.
10602  Bitcoin / Bitcoin Discussion / Re: So it looks like Cobra is planning on passing on the Bitcoin.org domain on: May 21, 2020, 04:01:29 AM
get ready for bitcoin.org website to be more commercial centric in near future. no matter who takes it over. expect it to change left or right. the network itself has already swayed more to the 'reserve currency of industrialised commerce and has moved away from the 'digital cash' of everyday users.. so expect whoever takes it over to sway the website to favour industry instead of user


Not only more commercial-centric. POLITICAL MANIPULATION and FRAUD! Did you see which name offered cash?

I believe theymos should be the "guardian" of the domain, temporary or not, to ensure that nothing will change.

I did not believe theymos to even be in the mix of anyone who would be potentially involved in bitcoin.org.

I mean, theymos and cøbra just recently separated their interest by dividing the pie (separating the two domains), which seemed to have made it easier for cøbra to thereafter be able to unilaterally decide what he wants to do, with bitcoin.org within his complete discretion...

may be theymos?

That seems unlikely given recent developments.  Further clarified here

As pointed out by DooMAD above.
10603  Economy / Scam Accusations / Re: SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper on: May 21, 2020, 01:24:59 AM
...snip...

Is anyone keeping count of the other listed Tulip addresses that have moved? I presume they're slowly adding up as time goes by.

Twitter thread ...

"Craig Wright - Tulip Trust. Done. Over and Out.

The moment we have all been waiting for: the total and utter destruction of the Tulip Trust Bitcoin list by Ira's counsel.

Irony has it that Craig just filed the Declarations of Stefan Boedeker and Andreas Antonopoulos himself."




- https://twitter.com/MyLegacyKit/status/1259231531874373633

That is just a snipped of one of the declarations.  There is no actual declaration or attachment that is linked anywhere that i have seen, so far.
10604  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 07:43:50 PM
Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

A hat-maker with an engwish teaching side gig, or the other way around?

Who proclaimed that jacks-of-all-trades had gone extinct?

 Cheesy Cheesy Cheesy Cheesy

Ooops, not my fav, spelling

But how could you be so picky? You accept Segwit as scaling...


Better comment on that one here


https://mobile.twitter.com/CalvinAyre/status/1263167631076364288

Based on your response, hv_ a few examples come to mind, such as my wondering:  

whether calvin more retarded than hv_?  

or
whether hv_ more retarded than craig?  

or
whether craig more retarded than calvin?

It would be a difficult task to attempt to rank these, no? Embarrassed
10605  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 07:35:38 PM
Meanwhile in other news - Roachie is getting screwed: https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541  Bullish news for BTC. HODLers not affected. Bitcoin - unconfiscatable...   Cool

That would be dumb to make gold ownership illegal and thereafter cause a rush to bitcoin and just a BIG mess in general...   

Sure Government might explore all kinds of options and considerations but Governments are not so dumb that they would not at least attempt to think through the problem and the reactions, are they?

Comes off as a bunch of pie in the sky presumptions and arguments contained in the article.
10606  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 07:18:35 PM
Bitcoin remains the best investment on the block, even if more Armageddon-like circumstances end up playing out way more than we would have wished them to be.. and yeah there could be some shutting down of the internet and communications, too but is that really going to bring down the value of bitcoin and our ability to store it and perhaps transmit value from time to time, as needed in it?  Yeah, sure, buy yourself some guns, bullets and maybe even a bunker, and hopefully that does not take up too much of your current resources that you cannot keep a decent amount of your value in bitcoin a the same time..

wow and i though i was the doom and gloom guy. im far too small a target to worry. even us average folks have investments and advisers.

I was just playing along with some of the ideas that you presented in your earlier post, especially when you seemed to have been suggesting that "fuck you" status is more in the distance, difficult to obtain, or whatever that seemingly pessimistic assertion was intended to mean...  Tongue Tongue Tongue  and accordingly, I was attempting to provide some extreme scenarios in order to suggest that even if we were to go to those kinds of extremes there are still likely to be ways to consider bitcoin continuing to have "fuck you" utility.

In other words, don't be giving up on king daddy.. you, vapourminer, or any other WO peep.... of course, since we are posting publicly, I am not merely referring to only you or your situation, vapourminer.. I am referring to the "everyman vapourminer" to the extent that any such beast might be imagined to exist.
10607  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 06:59:02 PM
Am I the only one who believes that it will fell below 8000$?

No.  There are likely a few other losers, no coiners, fence sitters, bitcoin naysayers, sold too much too sooners, and/or alt coin pumpeners who are in the same camp of wishfulness as you.
10608  Economy / Economics / Re: Coinbase from February 2009 has just been moved! on: May 20, 2020, 06:29:06 PM
It's interesting, but not quite a significant event, there could be many versions of the story that would lead to someone having to move bitcoins mined in 2009 and it would be be almost impossible for us to predict right. Although, it shows how far Bitcoin have come in just a number of years. At the first year of it's creation miners may have generated blocks for fun, with a free actually believing in the concept of the network. And 50BTC then meant nothing, but not satoshis are worth significant amounts.

If these bitcoins were from the same year as bitcoin was created then most probably this is related Satoshi Nakamoto, but why they are moving this now?
It raises suspicion but it doesn't really tell anything to conclude that.
It does not tell anything? Probably but if you think of it in more practical way, how many people just after a months of bitcoin was created would be interested to it? I doubt it would be just a random guy on the internet  Undecided My suspicion is also this is one of the inherited btc of Hal's, @JayJuanGee might be right, it might be one of his heirs. Gonna get an update to this.

That is the most likely UNLIKELY scenario.

In other words so far I see a lot of people trying to explain this as a bit of a lark... or someone who does not know what they are doing really.  Someone who found a lost key, or in this case a Finny heir.

Possible.  But highly unlikely.

Since this is one of the very earliest miners of bitcoin (100% chance).  Starting from that supposition the following can be derived:

- This is POSSIBLY Satoshi (them)himself.  Could be something he mined on something other than his main rig.  I do not know how Satoshiblocks works, but it is not ironclad that this would NOT be Satoshi, and in fact if Satoshi was to do something like this I think the chances of him picking a block he mined a "different" way would be highly likely.

- This is not Satoshi, but instead an early miner.  Hal's hoard is likely.  But his heir would almost CERTAINLY be being advised by someone with enough knowledge to suggest the safest path forward to any coin movement.

-  This is ONE block.  So far it bears the likelyhood of being a flag, rather than someone who needs money.  The person moving this is preparing to send some kind of message.  We start to see dozens of other 50BTC moves from back there??  All bets off.

- This is a cryptographer/geek/cypherpunk from the mailing list.  Nearing 100% likelyhood.  The above scenarios are descendants of this idea.  Even HF's heir is a proxy for that.

- It is HIGHLY unlikely that this is a block with keys owned by a person that has no other bitcoin.  Again possible?  Yes.  likely? hell no.

So again.

Why are they doing this.  It has to be meta.  Has to be. (well... you know what I mean)

Whoaza cAPSLOCK.  Probably you should just CAPSLOCK the whole post.

You are speaking in such absolutes, which makes it a bit more difficult to follow the plausibility of what you are asserting.


First of all stop getting your panties in a bunch.

I like this statement.   Wink

 Cheesy Cheesy Cheesy


There were tons of people aware of BTC on launch and there was not just a few that mined during this period. all the Cypherpunks newslist knew and I knew from the F@H chatrooms and that alone was a huge community so this could be anyone.

This is a bit of an absolute too, Hueristic.

I do understand that there may have been quite a few members on the cypherpunks mailing list, which does open up the possibility that any of them could have ended up sparking up a miner or just tried it out, but still... "could be anyone?"  Seems to assert a bit too much without really any meaningful attempt to hone down the set of possibilities.
10609  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 06:07:19 PM
Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

A hat-maker with an engwish teaching side gig, or the other way around?

Who proclaimed that jacks-of-all-trades had gone extinct?

 Cheesy Cheesy Cheesy Cheesy
10610  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 05:58:05 PM
Perhaps we can raise some money for our bro? Like donations for ex-bitcoiners who were forced to sell?  Cool

We could have a "fallen bros" donation fund.

Like insurance for hat wearers.

What could go wrong?



Does mindrust qualify?  Grin

That's part of the problem of any bailout... how to decide criteria and who would qualify?  This would not really be insurance unless members would have to pay in to be eligible.. and that would likely be shut down soon by admins of the forum...

Probably any such fund would establish the criteria ahead of time, and then contributions would be made into such fund based on the criteria that had already been established.  You see how quickly it gets messy.

I suppose any well to do member might establish such fund himself/herself and maybe even fund such effort to the extent that donations might not cover it.. but then if there were a fund that required group input, then the selection or election of the group might be established ahead of time, too.

It seems messy, almost no matter what when we are on the interwebs, because it can be quite difficult to verify some of the stories, so maybe in some sense, the whole concept of a fund would be from a benevolent dictator rather than a committee because the benevolent dictator would not necessarily have to account, except when s/he is receiving funds people expect some kind of an accounting, and s/he could decide if s/he believes the story (and justification) for a bailout with some portion of the funds.

Let's say for example that I had started a fund earlier in the year, and I had already set forth that I was going to consider various cases in which members might need a bailout, and maybe one of the criteria would be that any bailout would be locked up for one year and another criteria would be that they would have to lock up some amount that is similar to the bailout and also employ dollar cost averaging and HODLing.. blah blah blah.  I also disclosed that I had .5BTC that I was going to start out with the fund, and I set forth some criteria, and I said that anyone could donate to the fund, if s/he wanted to help the fund.  So in the last several months, I had received an additional .1BTC.. so the totality of the fund had added up to .6BTC.

Thereafter, I had been confronted with the case of mindrust and the case of VB1001, and based on my having had gathered evidence, I decided that mindrust deserved a .05BTC bailout and VB1001 deserved a .125 bailout (this conclusion regarding amounts is hypothetical and is assuming some facts that might not be in evidence, such as mindrust having had panic sold and that VB1001 was more morally justified in his having had sold.. which might well be BIG-ASS assumptions but are fine for illustrative purposes).  

So in the end, members might decide to support (or give to) the fund based on my previous decisions, my stated criteria and they might believe that I am a fair person in these kinds of ways.  Others might not want to give to such a fund for a variety of reasons including that they don't agree with bailouts, they don't trust my decisions in regards to eligibility or my discretion (or they don't want to give me such powers) and/or they also might believe that there is a long scam potential or exit scam potential with the establishment of such a honey pot. Seems messy to me, but there could be ways to arrange such a thing, but anyone who arranges it too, and agrees to take donations, is likely going to receive negative feedback and skepticism regarding their purported good intentions.  
10611  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 05:33:42 PM
Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

Will it continue to be in HODL phase? Shocked

Man, TBH, I don't wanna know who Satoshi is.

According to my findings, not Satoshi's stash!
So, not even CSW finding his keys!

Well, even if it's not Satoshi's stash, it still makes bitcoin short-term bearish. It's not every day that someone who mined bitcoin in 2009 makes a transaction.

You seem to be reading way too much into this.

Bitcoin prices have hardly even moved.

Yeah, of course, we had a little correction in the last few hours, and sure, the correction might go down another $1,000 or even $2k, but so far it went down a few hundred and then bounced back to within about $200 or $300 from where it started.  Furthermore, it hardly even reached dip levels that it had achieved yesterday...

I don't see anything, so far, that is really bearish about this  -and it could be the opposite.. but too soon to call that, either.


On this little pump, I'm thinking of going for a swing trade with a "bit" of my stash. Selling here and buying back at ~$9000 doesn't sound like a very bad idea IMO.

Reminds me of Clint Eastwood.

"You feeling lucky, punk."

 Cheesy Cheesy Cheesy Cheesy Cheesy


 (nothing personal)
10612  Economy / Economics / Re: Coinbase from February 2009 has just been moved! on: May 20, 2020, 05:23:44 PM
It's interesting, but not quite a significant event, there could be many versions of the story that would lead to someone having to move bitcoins mined in 2009 and it would be be almost impossible for us to predict right. Although, it shows how far Bitcoin have come in just a number of years. At the first year of it's creation miners may have generated blocks for fun, with a free actually believing in the concept of the network. And 50BTC then meant nothing, but not satoshis are worth significant amounts.

If these bitcoins were from the same year as bitcoin was created then most probably this is related Satoshi Nakamoto, but why they are moving this now?
It raises suspicion but it doesn't really tell anything to conclude that.

These coins are not within the same year of BTC's creation... more importantly, they are within about 5 weeks of the first block ever being mined... so there would not have been too many miners within that short of a period of time.  Of course, we might not even be able to determine how many miners there would have been within 5 weeks of the first block besides satoshi and Hal finney.. Anyone else claim to be mining at that time or known to have been mining so soon after bitcoin's first block?

Clearly interesting.

Let's say for example it was a block mined by Hal Finney.  Then that block could be in control of Hal's estate or one of his heirs.  Of course, there are other plausible scenarios in which someone would still have access to earlier blocks and may even want to move those coins... I am looking forward to hearing more about this, if there happens to be any more information that can be sussed out from whatever happens to be currently known or even reasonably inferred from that particular transaction including its source and including speculation regarding how many miners might have been operating at that particular time and would have been in the running to have mined that particular block.
10613  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 04:48:53 PM
 I just list that here to make JJG froth)

There can be more than one reason that any given person might froth at any given moment.



In other words, my happen to have been frothing at the same moment that you happened to have submitted your post happened to have been a mere coincidence.  So there!!!!! Tongue Tongue
10614  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 04:30:05 PM
Also it's 2MB. Remember? We had that whole civil war on the best way to increase the size?

look at you, Ibian..  Shocked Shocked

still whining.. even though somewhat subtly..... kind of like jbreher.. but maybe even more subtly than him....  because you know you will be beat, until your morale improves.. if you whine more outrightly...


 Cheesy Cheesy Cheesy Cheesy
10615  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 04:18:15 PM
but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that.

Sounds like a crude and real world description of Gresham's law combined with reallocation motivations.

pretty much. only its done my way in my head. end result is the same(ish); get rid of the crap and convert to something that stands a chance of surviving.

interestingly enough when i was talking to the financial peeps the other day, one of them brought bitcoin up for a quick opinion on how i think its doing. we always discuss it even though he always recommends selling some off.. and thats what i pay him for, his honest opinion. he acknowledges its been the best investment hes ever seen. but its still unproven when you get right down to it. another said that cash in banks or any form is not a good place to be going forward. even the stock market is not really a safe place anymore in the timelines we discussed (as if it ever was IMO), inflation will be a killer and she cant see anyway around that. of course thats obvious to us but when financial people are getting the drift you know somethings up.

this is a very simplified version of the discussions though.

I understand.  Traditional financial people have been really having a hard time getting their mind around various aspects of bitcoin, even if they can appreciate the sound money aspects of it.

They also have some biasness to both think in terms of fee driven products, and they would not want any of their clients to go more than 1% or perhaps slightly more in some kinds of investments that do not fit within their bailiwick to manage.

I suppose that the more that they are exposed to the idea, they might be willing to accept that clients invest more than 1% into such a product and they might even begin to have exposure to some traditional vehicles, such as GBTC or some other products that are allowing them (or what they have available to them) to get involved.  We know that behind the scenes there are some well respected financial institutions , such as fidelity, that are getting deeper and deeper into bitcoin, and so credibility is coming to bitcoin through some of those earlier players who are also likely profiting more because they are figuring out some way to get into bitcoin within their traditional investment mindset (that also includes some of the encumbrances of such traditional investment systems).. whether reputation or even liabilities if something goes really wrong with custody.

Of course, with bitcoin it was designed in a way to limit the needs of various kinds of middlemen, whether we are talking banks or financial advisors.... so likely there are difficulties for even smart (and attempting to be unbiased) financial advisors to direct anyone towards a product that is somewhat intended to put them out of business (or to minimize the need for them) 

however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point.

never stop learning.

Fair enough.  If all of a sudden, some very large and unanticipated expense rolled into your door.. you might have to say fuck.  And, you might have liquidate a decently large portion of your bitcoin's even though it was either last or towards the end of you liquidation list.

Nice for us to have those kinds of options, even though they do not necessarily resolve all issues that might end up coming in our direction.. including some major issues that could undermine our bitcoin stash, too..

yeah, we have discussed "fuck you" amounts of money here before. however i can easily see a "no, fuck YOU" looming on the horizon.

hahaahahha

You don't have to outrun the bear.  You just have to outrun your friend.   Tongue Tongue

Yes... I can see.. vapourminer that you are becoming somewhat scaredy cat by this virus and the economic macro situation... and sure I don't want to deny that we likely don't want to reach bitcoin richness or fuck you status in the midst of Armageddon, so it would be much preferable to reach such status under more normal circumstances in which the whole world is not burning down around us.

Of course, each of us has to plan accordingly, in terms of how much guns, bullets and food we need to put in storage and whether we need a bunker, based on our location including if we have options to remain a kind of obscure rich (and not a target), but also there is no real indication that the various BTC price prediction models such as 1) stock to flow, 2) four year fractal and/or 3) s-curve exponential adoption based on metcalfe and networking principles is NOT still playing out.

Sure, the price prediction models might need to be tweaked, but what the hell else are we going to invest in?  Bitcoin remains the best investment on the block, even if more Armageddon-like circumstances end up playing out way more than we would have wished them to be.. and yeah there could be some shutting down of the internet and communications, too but is that really going to bring down the value of bitcoin and our ability to store it and perhaps transmit value from time to time, as needed in it?  Yeah, sure, buy yourself some guns, bullets and maybe even a bunker, and hopefully that does not take up too much of your current resources that you cannot keep a decent amount of your value in bitcoin a the same time.. because even if our concept of "fuck you" might have changed in some ways, the concept still has not gone away, relatively speaking, when we are considering the better ways to allocate in order to maintain as many options as we can, which is still a kind of "fuck you" status, even if we might not be saying it with as much arrogance because we are afraid that the masses might otherwise attack us.. .. so yeah, during Armageddon-like circumstances, the deployment of our "fuck you" resources may likely need to be exercised with both a certain amount of covertness in order that we do not unreasonably cause ourselves to be a target through our own inabilities to hide that we might have more resources (you can hide bitcoin, by the way) than the vast majority of others.
10616  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 03:22:38 PM
Perhaps we can raise some money for our bro? Like donations for ex-bitcoiners who were forced to sell?  Cool

We could have a "fallen bros" donation fund.

Like insurance for hat wearers.

What could go wrong?

10617  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 03:11:46 PM
Wow, sorry to hear this, kind of drastic, but, bro, any amount of btc is good as long as your mind is on a right track as a bitcoiner.

WAaaaaa!!!
WTF happened  Huh

So sorry VB. Cry

Correct, a drastic measure, but of an indirect unforeseen, not generated by me.
These are strange and difficult times for everyone including family and friends.
I am sure many of you would have acted the same.

We might be too greedy to admit to owning BTC or having an ability to save someone else... but yeah, without details it is difficult to know how each of us might act in similar circumstances in which our wealth (BTC) can be used to help others.... .or if we might have an obligation to bailout someone else.

........to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, .......

Hahahahahaha

They are such lovely creatures.
10618  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 03:00:53 PM
In fact I was from the few back in March, that suggested that everything would be alright by June.
So far, it hasn't aged well.

Probably because you are too busy focusing on personalities rather than actual issues and substance, but whatever at least you can admit (somewhat) that you might have been wrong in your prior assessment of impact.

I doubt that there is anyone here who would have imagined that the financial impact of this whole virus situation would have been so great or that there would have been so much chaos in the world in regards to how to deal with it.  The chaos seems far from over, even with the opening up of various places in which the outbreak seems far from under control or even the ongoing lack of information and tests is likely NOT going to end well, but sure, maybe we will get lucky, and the opening up will work out fine..

I am really doubtful, not only that the opening up will not work out well, it will disproportionately impact the poor and disenfranchised, but even rich people are going to get fucked by lacking in their providing of various support systems and focus in the reopening efforts.

Good thing that a lot of us have bitcoin, but we are also going to get fucked from this whole thing because we are going to have so many more limitations to how we can spend our wealth...  in the hookers, lambo and blow territory but also other quality of life considerations in terms of steaks, travel, health and fitness options, social mingling, other supply chain issues and venue options.

So maybe even there was some truth in the proclamations of mindrust when he asserted that he felt better to shave off a lot of his bitcoin options because even being rich is not going to be that great in these kinds of times of fewer options... .... and even though there is some truth in that comment, having bitcoin and richness in those kinds of alternative asset holding ways is likely to provide way more options than either having money in fiat or other potentially depreciating or expensive to maintain ways.
10619  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 02:44:07 PM

At this moment I only have one alternative, very repeated in your posts, "I will assign a minimum weekly amount" so as not to miss the train.
It is the first time since I bought Bitcoin that I have been forced to sell.
I feel a little strange, a btc bull without btc Angry, I hope it does not affect me mentally and continue to share the good and bad moments in WO, I do not like the idea of ​​getting away from here.

Thx, you for your comments.

Wow, sorry to hear this, kind of drastic, but, bro, any amount of btc is good as long as your mind is on a right track as a bitcoiner.


Yep... let's just say hypothetically any of us is forced to sell.  We might just want to keep some token amount in bitcoin, whether $50 or some other amount in order that we attempt to continue with the proper mindset and practice towards continuing to have some kind of investment.

Of course, none of us knows the circumstances of another member who might not even share such details, and there could be circumstances in which it is not even possible to retain a token amount of BTC... which would likely be extreme circumstances.
10620  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2020, 02:39:03 PM
Talking about dominance, I finally figured out what bothers me in alts: the fact that they confuse the heck out of everyone not involved in bitcoin, which results in altcoin chasing, etc.

Sure.  How you going to stop that?  We can bash on the shitcoin projects.  We can choose not to participate in them.  We can discourage others from involving themselves in the other shitcoin projects.  In the end, seems that it is just going to take time to iron out.  Difficult to rush such a process, and there are billions of people out there who have not invested in bitcoin or shitcoins or anything who are likely to be just as willing to invest into shitcoins as they are into bitcoin.  Shitcoins specialize into marketing to these people by asserting that they missed the bitcoin train, and their shitcoin has more potential than bitcoin because their shitcoin only costs $38.73 while bitcoin costs $9,776.78.  People eat up such deceptive bullshit.  Even smart people.

When a solid chunk of humanity is exposed to bitcoin, say 10-20%, THEN I would be more OK with the experimentation.

Again another thing that seems to be outside of your control, and regarding experimentation with shitcoins, seems to me that they are likely to be more successful to 1) gain in value, 2) play off of the network effects of king daddy, 3) attract people into them 4) etc during these earlier unsettled times..  Once it becomes more clear that bitcoin is the clear winner (which some of us have already recognized) then it might become more difficult to either attract people/investors into shitcoins or to create narratives that really cause people/investors to genuinely believe that they have chances to beat out bitcoin and become bitcoin 2.0.

Bringing those 700-1bil people onboard is hard enough without them exploring cheap alts and getting busted/frustrated and dropping out.

If you build a better mouse trap, people will come.  Might just take 20 to 50 years.... and bitcoin is much more difficult than a mouse trap to actually assess and conclude that it is the "better" one.

Of course, exchanges are promoting this to no end as they are making money in all those sloshing alts.

Can't really stop individual or entities from wanting to make money.. and if there is money there, then why wouldn't they do it? 

Surely there are some individuals and entities that are bitcoin focused, too.

The adopting process is also slow as heck. Where is the famous hockey stick?

Why so impatient, Biodom?

Seems that you believe that bitcoin's adoption is NOT going quickly enough?

Personally, I am NOT sure how to imagine much more bullish growth without things getting too screwed up, because there is already a lot of chaos in the space, and sure there might be some areas in which there appears to be growth and then there are set backs.. but seems to take a while to get a lot of infrastructure matters into place in order to really facilitate hockey stick growth in adoption...

By the way, I have believed that hash power and mining power in bitcoin has continued to grow astronomically and even in ways that hash power could support 100x increase in the BTC price without any major issues, but even with that, we sometimes will recognize various kinds of vulnerabilities, and maybe it is better to make sure that some of the vulnerabilities are recognized and even worked up prior to the next 100x in BTC price.. we had 100x increase in price in 2013.. then some time to recover from that and then another 78x increase in price in 2017.. and then time to recover from that .. and adoption does require places for the people to store their coins and places for them to expand into, which seems to nearly naturally cause the BTC price to increase with fairly small increases in adoption causing large increases in BTC price.  So to me, it seems that bitcoin could tolerate another 100x in price, but there also need to be infrastructure in place to deal with it, too... and yeah maybe we cannot get 100x sustainable, but maybe we would end up gravitating back into the 4x to 5x area.. from where we are at because growth can only happen so quickly in order for various other aspects of the ecosystems to catch up.

Sure it is good to assess the facts, and maybe suggest that there might be various shit projects that distract people from adopting bitcoin, and they end up getting distracted into shitcoins, but why should we get upset about such distractions into shitcoins?  It is what it is, no?  Is there some way that there should be better marketing in bitcoin to keep some of the people from gravitating into shitcoins?  Shitcoins do provide a place for some people to go while the bitcoin infrastructure continues to be developed and allow a place for them to fit into.  Is there something that bitcoin is doing wrong?  Is there some niche that needs to be fulfilled in bitcoin?  Aren't there various entrepreneurs who would spot any niche if they believe that it needs to be filled or that it might be profitable?  I would agree that with open source, there will be some tragedy of the commons, too, in that sometimes there might not be motivations to build in certain ways that might be needed because no one believes that they can make money in that direction, even if such direction would be good for the bitcoin ecosystem to have support in a direction that is not really easy to monetize.

I think that one of the problems with any open source project is that it going to be inefficient in a variety of ways and there are going to be folks and other projects that try to steal from it and then imitate it and then try to gain its network effects.

In the longer run, value still remains quite likely to continue to gravitate into bitcoin because bitcoin continues to be the soundest of money and there continues to be no other project that even comes close to bitcoin's sound money aspect even though some of them will spout out such sound money claims, but their claims are not really backed by facts regarding how those other projects operate, and it just seems that the stealing from bitcoin and the delays in growth (total adoption) are just part of the open source territory and one of the costs of doing business under such openness... so in the longer run we might all be dead.. but still in the shorter run, bitcoin still seems to be a good investment choice when compared to other projects..

Yeah, any of us could get distracted into some sham imitation project, and we might even make more money by short term getting involved in such scam project... so the choice remains with each of us, whether to stay involved in bitcoin or to diversify into various shit projects because we believe that we might gain more profit that way and we are too impatient to either develop on bitcoin, keep our value in bitcoin or to wait for the slow open source project of kingdaddy to play itself out for the next 20, 50 or 100 years.
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