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1121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2019, 06:40:15 AM
This is borderline remarkable, $6000 was the strongest support in bitcoin history, when we fell through it should have been the biggest resistance. We essentially broke through it on the first try, we never bounced off of it hard at all. If we stay above this for a significant amount of time, it will be hard for Bitcoin to fall back through $6000........

What in the world.

Dumb ass shorts.

When long / short ratio at record lows on high volume, the only way the price can go is up.

This is the beginning of the bears’ capitulation - long / short ratio still below prior record lows at 0.58

“At first you go bankrupt slowly, then all at once.”



Where that long/short ration from? sauce?
1122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2019, 06:39:24 AM
Roach take your meds you'll pop a vein again. If that's how you react at $6k you'll have a heart attack at $10k, a stroke at $20k and will just become a deranged old man with an aluminum hat at $50k yelling at the kids next door to get off your lawn and to buy more PMs.

-Damn billy don't you see this is all a trick and you need to buy moar PMs right now!!!!
=But i'm just 5 Mr. Roach, can i have my ball back now?
1123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2019, 03:40:40 AM
guys, stop swearing, we need all three types of bitcoins at the same time: small blocks, medium blocks and large blocks
Maybe, maybe not.

But we certainly don't need CSW and his shitcoin.

https://bitcointalk.org/index.php?topic=5139844.msg50918896#msg50918896
Nobody needs BSV, period.

It's run by and associated with demonstrable human trash that deserves absolutely no spotlight.

I'm fine with jbreher advocating for larger blocks for technical reasons.


But CSW is obviously not interested in any technical argument. He isn't even competent enough to have one.
He's a filthy human scumbag that lies and deceives and can't produce a single original thought in his Master thesis.
His "winged" grades are worse than my grades with zero preparation or attendance.

And I'm certainly nowhere near capable enough to think up Bitcoin. So anyone south of me clearly isn't going to be either.

Add all the deception and plagiarism on top and you've got a piece of shit that should be ostracized by all of humanity, including any of his attempts to gain power.

For genius forgivable almost any behavior
1. No.

2. CSW is factually retarded, not a genius.

@alevlaslo lol who CSW??  Cheesy ok i'll engage, what would need to happen for you to admit that CSW is just a charlatan? That is, can you think of any outcome that would make you question your god (e.g. you'll disown him if he won't sign anything with Satoshi's keys by Jan 2020, or you'll disown him if Ayre's shill payment doesn't com in etc...)? So far you only put up a circular argument where CSW can do no wrong.
1-He doesn't want to prove that he's Satoshi because he's Satoshi
2-Every fart that comes out of his mouth is forgivable because he's Satoshi  
3-If you don't believe that he's Satoshi goto 1

https://www.courtlistener.com/docket/6309656/166/kleiman-v-wright/

Case 9:18-cv-80176-BB Document 166 Entered on FLSD Docket 05/03/2019 Page 1 of 4



                                   UNITED STATES DISTRICT COURT
                                   SOUTHERN DISTRICT OF FLORIDA

                                 CASE NO. 18-CIV-80176-Bloom/Reinhart


  IRA KLEIMAN, as personal representative of
  the estate of David Kleiman, and
  W&K INFO DEFENSE RESEARCH, LLC.

                 PlaintiffS,

         v.

  CRAIG WRIGHT

                 Defendant.

  ___________________________________/

   ORDER ON DEFENDANT’S MOTION REGARDING PRODUCTION OF A LIST OF
   THE PUBLIC ADDRESSES OF HIS BITCOIN AS OF DECEMBER 31, 2013 [DE 155]

         Before the Court is the Defendant’s Sealed Motion Regarding Production of a List of the

  Public Addresses of his Bitcoin as of December 31, 2013 (“the Bitcoin Holdings Motion.”) [DE

  155]. The Defendant filed a Motion to Seal the Bitcoin Holdings Motion, DE 151, which the

  undersigned granted. DE 153. Plaintiffs filed their Response under seal. DE 162. For the reasons

  stated below, the Court finds that redacted, unsealed versions of the Bitcoin Holdings Motion and

  the Plaintiffs’ Response to that motion can be filed in the public record. Nothing contained in the

  instant Order discloses material that remains under seal.

         The Court, sua sponte¸ has reconsidered its Order granting Dr. Wright’s Motion to Seal. It

  is this Court’s general policy that its proceedings are public and Court filings are matters of public

  record. SDFL Local Rule 5.4(a). A party seeking to seal materials related to a discovery motion

  must satisfy the burden for a Rule 26 protective order, that is, good cause. Chicago Tribune Co.

  v. Bridgestone/Firestone, Inc. 263 F.3d 1304, 1312-13 (11th Cir. 2001); FTC v. AbbVie Products,
Case 9:18-cv-80176-BB Document 166 Entered on FLSD Docket 05/03/2019 Page 2 of 4



  LLC, 713 F.3d 54, 63 (11th Cir. 2013). Having had the opportunity to review the party’s pleadings,

  the Court finds there is good cause to seal portions of the pleadings, but not the pleadings in their

  entirety.   Redacted versions of those pleadings can be filed in the public record without

  compromising the original purpose for sealing them. 1 The Court will allow the parties to be heard

  before finalizing its redactions.

          At issue is whether it would be unduly burdensome for Dr. Wright to produce a list of his

  bitcoin holdings as of December 31, 2013. This Court has held multiple discovery hearings that

  addressed issues relating to Dr. Wright’s current and past bitcoin holdings. DE 107 at 120-123;

  DE 122 at 61-63; DE 124 at 18-23. Ultimately, the Court ordered Dr. Wright to produce a list of

  his bitcoin holdings as of December 31, 2013, without prejudice to Dr. Wright filing a motion for

  protective order based on undue burden. DE 124 at 18-23.

          Thereafter, Dr. Wright filed an unverified motion in which he identified a number of

  bitcoin public addresses that he mined. Although not delineated as a Motion for Protective Order,

  that is what the pleading is. Dr. Wright asserted that he does not have a complete list of the public

  addresses he owned on any date, including December 31, 2013. He further asserted that in 2011

  he transferred ownership of all his bitcoin to a blind trust. Although he makes the conclusory

  statement that it would be unduly burdensome to produce a list of his bitcoin holdings as of

  December 31, 2013, this conclusion is not supported by facts. In essence, he does not argue undue

  burden, he argues impossibility. The argument that Dr. Wright is incapable of providing an

  accurate listing of his current or historical bitcoin holdings was never presented in any of the prior

  hearings before this Court, when the Court was crafting the scope of discovery. Notably, the



  1
   Remaining under seal are the names of non-parties and the identifying information for the amount
  and identity of certain bitcoin. In addition, discovery material attached to Plaintiffs’ Response as
  Exhibits 1 and 2 remains under seal.
                                                        2
Case 9:18-cv-80176-BB Document 166 Entered on FLSD Docket 05/03/2019 Page 3 of 4



  Bitcoin Holdings Motion does not refute the obvious response to this argument – get the

  information from the trustee of the blind trust.

         In response to Dr. Wright’s Motion, the Plaintiffs ask the Court to order the following

  additional discovery: (1) make Dr. Wright produce the list of bitcoins owned as of December 31,

  2013; (2) make Dr. Wright identify all bitcoins he transferred to the blind trust in 2011; (3) make

  Dr. Wright produce documents related to the blind trust; (4) make Dr. Wright identify, under oath,

  the identity of the current and past trustees of the blind trust, the beneficiaries of the blind trust,

  and the manner in which the bitcoins were transferred to the blind trust; and (5) permit further

  deposition of Dr. Wright with regard to his ownership and control over bitcoins. DE 162 at 5-6.

  The Court finds that this additional discovery is warranted. The Court has already found that

  tracing Dr. Wright’s bitcoin holdings is relevant to the Plaintiffs’ theft claims. The order to

  produce a list of bitcoin holdings as of December 31, 2013, was a compromise; it was the Court’s

  attempt to provide Plaintiffs with relevant and material evidence without unduly burdening Dr.

  Wright. That Dr. Wright now argues it is not feasible for him to identify the bitcoin he held on

  December 31, 2013, does not diminish Plaintiffs’ entitlement to the pertinent evidence. That

  evidence can be obtained through other means, which the Court will authorize Plaintiffs to use.

         It is therefore ORDERED that:

         1. Dr. Wright’s Motion Regarding Production of a List of the Public Addresses of His

             Bitcoin as of December 31, 2013, [DE 155] which is deemed to be a Motion for

             Protective Order, is DENIED.

         2. The Order to Seal [DE 153] is modified to allow for the filing of redacted copies of DE

             155 and DE 162. The Court will provide copies of its proposed redacted pleadings to

             the parties, but will not yet file those redacted pleadings on the docket. The parties



                                                        3
Case 9:18-cv-80176-BB Document 166 Entered on FLSD Docket 05/03/2019 Page 4 of 4



             shall notify the Court by May 8, 2019, at 5:00 p.m. Eastern time if they seek additional

             redactions.

         3. On or before May 8, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall provide to

             Plaintiffs a sworn declaration identifying the name and location of the blind trust, the

             name and contact information for the current trustee and any past trustees, and the

             names and contact information of any current or past beneficiaries.

         4. On or before May 9, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall produce to

             Plaintiffs a copy of any and all documents relating to the formation, administration, and

             operation of the blind trust.    The production shall be accompanied by a sworn

             declaration of authenticity.

         5. On or before May 15, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall produce all

             transactional records of the blind trust, including but not limited to any records

             reflecting the transfer of bitcoin into the blind trust in or about 2011. The production

             shall be accompanied by a sworn declaration of authenticity.

         6. Dr. Wright shall execute any and all documents, or other legal process, necessary to

             effectuate the release of documents in the possession, custody, or control of the Trustee.

         7. Any ruling on whether Dr. Wright’s deposition should be re-opened will be deferred

             pending the production described in this Order.

         DONE AND ORDERED in Chambers this 3rd day of May, 2019, at West Palm Beach in

  the Southern District of Florida.




                                             UNITED STATES MAGISTRATE JUDGE


                                                       4



So you'll disown CSW if he doesn't provide the above court ordered information by May 15th? Did i understand you correctly? e.g. If CSW won't provide info for any reason (including claiming that court has no jurisdiction over him etc...) you'll admit that CSW is a fraud and STFU about BSV forever??
1124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2019, 08:33:22 AM
guys, stop swearing, we need all three types of bitcoins at the same time: small blocks, medium blocks and large blocks
Maybe, maybe not.

But we certainly don't need CSW and his shitcoin.

https://bitcointalk.org/index.php?topic=5139844.msg50918896#msg50918896
Nobody needs BSV, period.

It's run by and associated with demonstrable human trash that deserves absolutely no spotlight.

I'm fine with jbreher advocating for larger blocks for technical reasons.


But CSW is obviously not interested in any technical argument. He isn't even competent enough to have one.
He's a filthy human scumbag that lies and deceives and can't produce a single original thought in his Master thesis.
His "winged" grades are worse than my grades with zero preparation or attendance.

And I'm certainly nowhere near capable enough to think up Bitcoin. So anyone south of me clearly isn't going to be either.

Add all the deception and plagiarism on top and you've got a piece of shit that should be ostracized by all of humanity, including any of his attempts to gain power.

For genius forgivable almost any behavior
1. No.

2. CSW is factually retarded, not a genius.

@alevlaslo lol who CSW??  Cheesy ok i'll engage, what would need to happen for you to admit that CSW is just a charlatan? That is, can you think of any outcome that would make you question your god (e.g. you'll disown him if he won't sign anything with Satoshi's keys by Jan 2020, or you'll disown him if Ayre's shill payment doesn't com in etc...)? So far you only put up a circular argument where CSW can do no wrong.
1-He doesn't want to prove that he's Satoshi because he's Satoshi
2-Every fart that comes out of his mouth is forgivable because he's Satoshi  
3-If you don't believe that he's Satoshi goto 1
1125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2019, 08:43:24 PM
via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1124991417686855680?s=21

Thoughts on this Dutch Guy? I like him and his style but I wouldn’t be able to really live that way, still I love to see follow it up Cheesy

Watch the interview ....

It would be a perfect seasteading family I think.

Selfish idiot. His daddy passed him some money so he had a choice, the same choice he has taken away from his kids. I'd rather get knowledge so i can figure out how world works and make my own descisions, rather than being another idiot trust fund baby (and that's the best case scenario for his kids). They should do a follow up on the kids in 10yrs

Quote
Honey i know you can only count to 10, can't have that career in science you always wanted to, have anxiety, anti social, addicted to drugs, depressed, and a ton of other psychological disorders, but here's some bitcoins that finally mooned to make you feel better.

So you say school is the only way for kids to learn how the world works or to gain knowledge?? Wauw.

The only, no, most likely yes. Its a numbers game, and as such there are always exceptions to every rule. There are reasons that the percent of flat earthers without education is much higher than those with PhDs from MIT. If they can mentally challenge their kids in multiple disciplines and surround them in such environment while they grow (in trailer parks) on their own, kudos to them they're the 0,000001% black swan even. Unfortunately the other 99.9% won't be that lucky. Don't think such behavior should be promoted or advertised with BTC. Wasn't there a guy a while back who leveraged BTC with his mortgage only to get wiped out few months later?
1126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2019, 06:28:20 PM
via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1124991417686855680?s=21

Thoughts on this Dutch Guy? I like him and his style but I wouldn’t be able to really live that way, still I love to see follow it up Cheesy

Watch the interview ....

It would be a perfect seasteading family I think.

Selfish idiot. His daddy passed him some money so he had a choice, the same choice he has taken away from his kids. I'd rather get knowledge so i can figure out how world works and make my own descisions, rather than being another idiot trust fund baby (and that's the best case scenario for his kids). They should do a follow up on the kids in 10yrs

Quote
Honey i know you can only count to 10, can't have that career in science you always wanted to, have anxiety, anti social, addicted to drugs, depressed, and a ton of other psychological disorders, but here's some bitcoins that finally mooned to make you feel better.
1127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2019, 07:45:30 PM
https://twitter.com/wizsecurity/status/1124488827756634112
Craig Wright ordered by court to produce lists of owned bitcoin addresses along with details about his alleged blind trust:
https://www.courtlistener.com/docket/6309656/166/kleiman-v-wright/

show us the money, diptwat

wonder if he got any early wallets https://archive.is/1DMSI https://archive.is/hGTNB

I don't think this got the needed coverage. https://www.scribd.com/document/408636766/Wright-Motion

If this holds it might be the death blow to CSW.


Quote
It is therefore ORDERED that:
1. Dr. Wright’s Motion Regarding Production of a List of the Public Addresses of His Bitcoin as of December 31, 2013, [DE 155] which is deemed to be a Motion for Protective Order, is DENIED.

2. The Order to Seal [DE 153] is modified to allow for the filing of redacted copies of DE 155 and DE 162. The Court will provide copies of its proposed redacted pleadings to the parties, but will not yet file those redacted pleadings on the docket. The parties shall notify the Court by May 8, 2019, at 5:00 p.m. Eastern time if they seek additional redactions.

3. On or before May 8, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall provide to Plaintiffs a sworn declaration identifying the name and location of the blind trust, the name and contact information for the current trustee and any past trustees, and the names and contact information of any current or past beneficiaries.

4. On or before May 9, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall produce to Plaintiffs a copy of any and all documents relating to the formation, administration, and operation of the blind trust. The production shall be accompanied by a sworn declaration of authenticity.

5. On or before May 15, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall produce all transactional records of the blind trust, including but not limited to any records reflecting the transfer of bitcoin into the blind trust in or about 2011. The production shall be accompanied by a sworn declaration of authenticity.

6. Dr. Wright shall execute any and all documents, or other legal process, necessary to effectuate the release of documents in the possession, custody, or control of the Trustee.

7. Any ruling on whether Dr. Wright’s deposition should be re-opened will be deferred  pending the production described in this Order.

DONE AND ORDERED in Chambers this 3rd day of May, 2019, at West Palm Beach in the Southern District of Florida.

UNITED STATES MAGISTRATE JUDGE

1128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 03, 2019, 03:39:34 AM
Activate Bitfinex Bank run panic mode. 10k by Monday night.  Grin

Regulators tried to fuck us and just pamped it on accident.


If you still have money on Bitfinex and are just too cheap to pay the spread and buy the overpriced BTC to pull out your money, well you deserve whatever happens to you for being an idiot. Get your coins off of there now!



People have $300MM and BTC43k locked up in swaps that they can't touch for up to 30days, taking into account the other swaps in shitcoins that might be enough to cover their missing funds right there. But the shitcoins implosion back into BTC has long been prophesied, tether just might be the first one. Repent, you'll have to pay dearly but BTC still loves you and will take your fiat back, you had your fun now come back to papa
1129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 03, 2019, 03:21:28 AM
zbefr pbqr vf bhgqngrq
bayl ryqreyl pna ernq
fubhyq hfr ebg13 vafgrnq


Vs lbh ernyyl jnag
gb fnl fbzrguvat va guerr yvarf
znxr vg n unvxh

Must be Welsh..

Saw 13 so guessing rot13 just too lazy to check
1130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 01, 2019, 08:36:40 AM

**blah blah blah lol BSV blah blah***

WTF is this, roach you finally found your calling, go get him, do us all a favor and troll him to death?

Welcome to my ignore list
1131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 01, 2019, 05:02:10 AM
So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.
I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.
1132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 01, 2019, 04:56:11 AM
Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

Huh after all these years i figured you just liked the abuse. You mean you sincerely think that BSV is a good idea ?  Shocked i am soooo sorry 
1133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 01, 2019, 12:04:42 AM
So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.
I'm surprised to see how many people thought the tether folks wouldn't be fuck heads. No way did I expect them to not attempt to invest tether USD and profit off it while no one is aware.
Of course they would. The statement "This time it's different" was told to me when I walked from a dot.com in 2000. It has the same validity as "I won't cum in your mouth".....

I trust bitcoin for some weird reason. It's why I accept payment for work in it, and why I value it. Not for stupid shit like dollars, but because the idea behind it is a good one: "No, I actually will not cum in your mouth and here is the proof".



That's the problem with fiat, you're really not in control of it. Even if they did have customers best interest (and i do believe that to be the case, who would you kill the golden goose?) they had to work with banks to transfer a lot of fiat, and they have little control over that process. Best they can do is diversify and play whack a mole with banks freezing their accounts. It was obvious from the start i just can't believe that market didn't correctly price that risk in. In any case, look at it this way, they just had an audit and are confirmed to have 74% of their funds, which is much more than i thought they did.
1134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2019, 08:00:14 AM
This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

If it was urgent it could probably be done in 48 hours.   But it won’t be urgent.  

It ain't just a river in Egypt.

I would mostly agree with the bear here.
The last full block crisis resulted in inaction, to force people onto segwit. I presume the next full block crisis will result in inaction, to force people onto lightning.

Dude wtf you weren't supposed to tell them!!
1135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 29, 2019, 07:44:28 AM
there is no difference between natural and coded scarcity

Today in synagogue my rabbi explained it all to me after telling me how he butchered my circumcision. But then i sniffed some glue with my buddies and now my favorite food is i like yellow


C'mon you're not even trying anymore, is that all that nazi glue huffing? Shitcoins make BTC infinite just as much as iron, aluminium and all of other metals make gold infinite. Put down mein kampf and try to come up with coherent replies.

The reply is perfectly coherent.  If you accept ANY PM scarcity scam, you're putting forth support for all of them.  Silver, Gold, Platinum etc, they're all inflated shiny pretty things to wear around your neck to show off your wealth to others scams with no connection to their real world use prices.  All of those scams are in the exact same category whether you like it or not.  You're either pro-shiny pretty things scam with little correlation in price to their true value or pro-mathematically backed truly scares resources.

Why you keep on pulling sentences out of my quotes  Angry
1136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2019, 08:41:56 AM
there is no difference between natural and coded scarcity

No difference in real world scarcity and artificial scarcity?  Okay, by your own statement there's no difference between bitcoin and any altcoin - both are "coded scarcity" - so supply is then infinite because there's no overhead to create them and thus no Schelling point.

This is the stupid world of shitcoiners where they just make up random nonsense to try to rationalize using shitcoins over metals.  Then every piece of propaganda they create to try and rationalize the use of digital shitcoins only rationalizes the use of fiat and an infinite number of altcoins too.  So they then backtrack and try to apply nonsensical double standards to attempt to not promote altcoins or fiats with their horrid, illogical arguments.


C'mon you're not even trying anymore, is that all that nazi glue huffing? Shitcoins make BTC infinite just as much as iron, aluminium and all of other metals make gold infinite. Put down mein kampf and try to come up with coherent replies.
1137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 28, 2019, 03:07:38 AM
You don't have those kinds of options with traditional physical assets like fiat or PMs...  Even having $10 million in cash would not be easy to move around, like it is with bitcoin.  A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.

You demonstrate a complete failure of economics 101 understanding.  It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first.  Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity.  

Bitcoin is no different - another artificial scarcity scam/racket.  The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket.  So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity.  It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero.  

All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value".  You need a physical commodity that doesn't expire to do that.

While your rationale works well for video games on Steam it does not hold for Bitcoin. While true that the scarcity is artificial by virtue of being programmed in it's not comparable to video games on Steam which can be sold without any limitations.

As soon as some malicious actor tried to remove scarcity by increasing the amounts of Bitcoins we'd simple tell them to fork off by forking off ourselves.


You could make an argument that this would be a democratic process and that the majority of humans is too fucking retarded to realize when they're being manipulated into believing that increasing the amount of coins is a non-issue. But that would still result in two chains, one with the idiots and one with the rest.

Now another argument that you could attempt would be to state that the scarcity was broken through the fork. But as we have already seen quite clearly forks only have a fraction of the original value and the more forks there are the less valuable each fork will be with a quick convergence towards value for erroneous forks. Hence irrelevant for both the Economy as a whole as well as the 21m Bitcoin chain.

His old brittle mind burned too many brain cells on nazi propaganda to see that there is no difference between natural and coded scarcity as long as it's truly scares. But that's alright many grandmas struggle with the concept of decentralized consensus, and that you can't copy and paste to get more BTC and it's not because of some DRM.
1138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 26, 2019, 06:18:51 PM
Finex showing $6.746MM in 30 day volume, assuming 0,2% fee that $13,5MM they make in fees each month. And that doesn't include money they make on lending or interest on their stash. Tether market cap is $2.847MM NY OAG claims they lost $850MM (of their own and clients money) so 30% of all Tether max, i'm sure they'll survive *unless more shit comes up

Hmm... I don't think their liquidity will be doing well - looking at the price increase, people are dumping Tether to buy BTC and presumably trying to get out.

Also - not all clients will be paying 0.2% - so income may be lower and expenses are not zero, either.  Filling a hole of many hundreds of millions cannot be done without years of all that income going into replace 'lost' capital.

As GentlemanD said, the irony is Tether WAS backed up until they lost this large chunk of funds.  However, getting any new banking partner now will be nigh-on impossible.

Finex are in deep shit and probably in a total spin.  Maybe a death spiral.  Since they are (basically) profitable, I would think their best bet might be to try to find someone to buy 'em who does have banking sorted out and can float capital in to save the day. But who they gonna call..?  

Only a couple of candidates exist - and they might think the brand is too toxic.  Even at a sale price of $1, which is the likely price for Finex with a hole in the hundreds of millions of USD and a legal case on their back.

A bank could do it, but even if it makes financial sense, I can't see them risking running a crypto exchange.  Coinbase? Anyone else...?  With fast action needed and no time to do proper due diligence?  Doubt it.

First, Finex need to keep their customers to survive for long enough to find a solution.  

The chances of doing this with the run for the door already well underway is slim and all the Tethers coming back for redemption won't help.  But it's their only hope.

The Irony is that it was TPTB blocking them from reputable institutions to hold their reserves is what forced them to deal with a scam bank that ripped them off.

Almost like it was a plan. Smiley

ADDED:
Shit can't catch up today, gotta check out and I'm hitting the hottub rather than read this thread! Tongue

The irony of that Finex makes even more money on higher volumes. If maker and taker both trade under $500k/m Finex's fees are 0,3% in fact both sides must trade over $10MM/m for Finex's fees to drop to 0,18% so i think 0,2% is a pretty conservative estimate and the average is probably closer to 0,25% (both sides volume is under $2,5MM/m).

As long as they have the rest of the money they can cash out Tethers at a discount reducing their liability. I'm also having a hard time believing that a bank lost all of $850MM, you don't fuck with USD without the whole board going to jail.

Everyone knew that tether was a ticking time bomb and just a vehicle for gamblers to pump shitcoins by reducing friction of transfering in USD. That's why you see shitcoins dumping more than BTC. Finex should've invested in opening their own legit crypto friendly bank instead of killing the golden goose with tether. Oh well, still over $5k BTC holders are not affected, both tether holders and shitcoins holders will run for safety of BTC, just more negative publicity.
1139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 26, 2019, 07:26:38 AM
Finex showing $6.746MM in 30 day volume, assuming 0,2% fee that $13,5MM they make in fees each month. And that doesn't include money they make on lending or interest on their stash. Tether market cap is $2.847MM NY OAG claims they lost $850MM (of their own and clients money) so 30% of all Tether max, i'm sure they'll survive *unless more shit comes up
1140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 25, 2019, 04:07:07 AM

That's a pretty odd use of the term 'per capita'. Which, of course, is defined as 'per each person'. How can we have 3.54 Americans killed for every American that visits Pakistan?

Per x100,000 capita.
Per x100,000 capita. It never ceases to amaze me how your troll senses are so keened on picking up any minute issue with the BTC, yet would fail to notice something obvious like SV scam even if CSW came in riding in on a tank which is positioned on the aircraft carrier with the word SCAM written on a side

Obviously. But that is not what is says now, is it?

That's not what i said either now is it? Just impressed by your Sherlock Holmes skills when you really want it. Take the damn compliment  Angry
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