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Bitcoin Euro-ATH!
50,861 € 50,900 € (Kraken)
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An excellent article, that captures my thinking 100%. Many thanks for this! |
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Is it ("Tenet") available on some streamer? Thanks.
I don't know, sorry. I downloaded it via Torrent (1080p, 5.1 surround sound) and played it via Plex on my Home Cinema. For those planning to watch it, do it on a good system (large screen, good sound, lights out). You may also like to enable subtitles, as things happen fast. |
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Yet another off-topic movie recommendation: Tenet (2020) [Action, Sci-Fi, Thriller]Be prepared for a unique, mind-bending, powerfully entertaining experience. Must be watched a second time to fully appreciate the finer details and non-linearity of the plot. A good watch, esp. for Christopher Nolan fans!
My phone kept bleeping throughout the movie, because of Bitcoin's multiple 50k € crossings. I was expecting the price to be just a little higher than it is now, perhaps a Euro-ATH, but hey, who am I to know? Let's not be too greedy now. $60k by the coming weekend, $65k next week. Then an ETF will be approved, or some other big player will get in Tesla-style, and bang! $80k and we'll be posting "Come on, Bitcoin, do something!" memes. Life's great. Thank you, Bitcoin. |
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ATH prices (13 March 2021):
EUR-ATH: 1 BTC = 50,744.00 € (Kraken)
USD-ATH: 1 BTC = $61,781.83 (Bitstamp) — Kraken's value was similar.
EUR/USD exchange rate: 1.218
Current prices (near-ATH, 30 March 2021)*:
1 BTC = 50,272 € (Kraken)
1 BTC = $58,964 (Bitstamp) — Kraken's value is similar.
EUR/USD exchange rate: 1.173
* At the time of composing this post.
The above EUR/USD exchange rate difference (1.173 – 1.218 = –0.045) translates to a difference of around –$2,260 at current prices, and this explains why Bitcoin EUR-ATH will come much sooner than USD-ATH, unless the exchange rate changes again.
Edit: The above result also demonstrates the pointlessness of comparing Bitcoin with fiat currencies, and the importance of the equation 1 BTC = 1 BTC.
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Anyone wish to comment on this?: I usually like Styxenhammer but it seems to me he has no fundamental understanding of the details of the SEC vs LBRY case. https://www.youtube.com/watch?v=AoFAgfZY7Ekhttps://www.sec.gov/litigation/complaints/2021/comp25060.pdfMy limited understanding: The case reads to me that LBRY sold tokens before their network was even available and other dodgy dealings with regards to IOUs to certain investors. LBRY in light of this case seem to be trying to create FUD on Twitter by suggesting if they lose their case, crypto is doomed. Styxenhammer seemed to have been baited because he uses the Odyssey video platform backed by LBRY. In actual fact it seems to me that in this case the SEC is helping crypto to succeed by rooting out criminal or at least dodgy activity.  Quick comment: In the first minute of the video: "...but there's also a tweet by Jeremy Kauffman, who runs LBRY." That's what bothers me with these projects. They're structured like companies. CEOs, CFOs, CTOs, "The Team", etc. I'm very wary when I see a leader or leaders running crypto-related projects. I think part of Bitcoin's success is the fact that there isn't a specific person or team that runs it. Satoshi Nakamoto invented it, and there's a group of very talented developers that maintain and update the code, all under a consensus scheme. There is no central authority. When you add leadership and company-centric structure to the mix, I fear that things can get ugly. Just my .02 BTC |
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 chopper was busy with bear beer tasks. will be back soon FTFY. Beer for the party, you know... I woulder if SVG works here...  edit: works! Good to know, thanks. I like the SVG format. Infinite resolution. |
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Less than 500 € for Euro-ATH (Kraken). My phone bleeped today, and I liked the sound it made.  Edit: Strange thing is, ATH for € is coming much sooner than ATH for $. Why? Maybe €/$ exchange rate differences between ATHs? |
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Right now Bitcoin just feels like a rocket that's fully fueled and is waiting for a spark. I feel a breakout is imminent.
As I said earlier, I'm no expert on Bitcoin ETFs, and I do have my reservations (purely based on my intuition), but if only one Bitcoin ETF is approved by the SEC, I can see Bitcoin reaching $70-80k in a matter of days.
April will be a fun month.
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I had wondered what might happen to my passphrase-protected ("13th Word") Trezor wallet were their servers ever to go down. Turns out that Wasabi Wallet can back up Trezor wallets even when they use the "13th Word" (passphrase), which I did not know until kindly explained to me over there in the Wallets threads.
You have to jump through some hoops (install Trezor Suite which allows bech32 addresses (bc1q.....) so Wasabi & Trezor can exchange info), but it all works. I set-up a dummy account, and it works.
Nice tool for backing up a Trezor if/when it comes to that. Recommended!
Noting is stored on any server. The keys are derived algorithmically (deterministically), even when the 13th (or 25th) passphrase is used. Everything happens locally, according to BIP39. The only "storage" is in your brain, or wherever you have decided to back it up (paper, etc.). So, there's nothing to worry about. The only thing you want to backup is the set of 12 (or 24) seed words, and the passphrase. Nothing else, and never online. Nothing is stored inside anyone's server, Trezor's or otherwise. The only time the seed words/passphrase are exposed is when they are generated/chosen for the first time when you set up your Trezor. Your Trezor is directly equivalent to a paper wallet, and your wallet can be fully restored when you have the 12 (or 24) seed words, and the passphrase, even if Trezor's (or any other company's) servers completely disappear from the face of the Earth. The only other thing you need is the BIP39 specification, which is freely available and can never be lost. It's a bit difficult to grasp at first, but once you understand it, it all becomes crystal-clear. |
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Since when we saw the tail wagging the dog (derivatives dragging corn down), I've become wary. TPTB have an unlimited amount of shiat money to throw at any ETF. Then who audits the ETF? Who audits the auditors? Physical corn, on the other hand, has this self custody thing that is very very hard to dodge... The ETF thing in general is good, but there are multiple problems that may appear and instead of blessing to become an obstacle (at least temporary) in terms of the price increase. First, there are two types of ETF - cash settled and physically settled. The first type won't have any affect on the price. But the second will have an impact, because the BTC's will be bought from the spot exchanges in USA. I don't think some respected company like Fidelity or CBOE will risk faking the purchases of BTC's. If they don't have the asset, they will have to use customers money to pay the new customers. This will make them a ponzi, and as we all know the law in USA is severe in such cases. The most famous case is Maydoff's, who faked profits from the activity of the firms and used the new cash to pay the interest. I believe the court gave him 150 years in prison effective sentence. So, although possible, it is highly unlikely this will happen. But, SEC are cautious and want to be 100% sure that the custody is well established and working. May be this was one of the main reasons for the denials in 2017. But now the things are different - Bakkt, Grayscale, Paypal, G&S, Fidelity, M&S, etc. are respected financial giants who managed to secure licenced in USA custody with insurance in case of theft. Therefore I think the probability of creating fake volume with non existent bitcoins is practically 0. However, there are other problems that may affect the price in a negative way. The first problem is how exactly the 650K BTC's held by Grayscale will be managed if the premium continues to be negative. Will they apply for an ETF and somehow transfer the BTC's in the ETF market? There is a chance that the things may go wrong for awhile and thus causing some panic in the spot market. The other big problem is that the high expectations may lead to another Dec. 2017 buble like increase that may end just as badly. People thought that the cash settled futures will have a positive impact on the price. Then the great dissapointment came. A similar thing happened when Bakkt started. So there may be some drawbacks after all. Hopefully they will not bring another 2-year bear winter. But once the ETF market becames fully operational, we can expect at least several trillions $ invested in BTC for a short time of 1-2 years perhaps. And the best scenario is everything to go smoothly with an extended multi year bull market. I think the odds for that are much greater because of the new big players, who don't seek a quick profit. I don't claim to fully understand the implications of ETFs getting into Bitcoin. At first thought it seems to be a positive thing (mass adoption, recognition, etc.). But, something makes me feel a little wary about such big players entering this space. All those massively powerful entities will have the power to greatly influence the market, and we must assume that their motives will not necessarily be pro-Bitcoin. On the other hand, if Bitcoin is to have a future, it has to be able to withstand any threat and succeed in any challenge. So, I'm not too worried about it. I see all such cases as tests of Bitcoin's robustness. And, so far, Bitcoin has passed all tests with flying colors. I just have a bittersweet taste in my mouth about this one... |
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Edit: Oh, and trust me on this: I'm extremely picky about typography, maybe as picky as you, if not more! This is not meant as an offensive comment. I think there are very few of us left. I'm always happy when I find another one...
At least three in the WO. Be happy! Good to know!  |
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[...] That is $\infty$ according to Knuth.[...] Thank you for empirically confirming my point about Knuth's perfectly symmetrical infinity symbol. Based on your comments, I feel that I must mention the rather obvious fact that symmetry in this context strictly refers to the underlying geometry (i.e., the symmetry of the locus of the lemniscate), and excludes the added serif stylistic characteristics, which naturally tend to remove some of the symmetry. If you assumed that I was referring to the reduced symmetry due to the serif elements, you are wrong, and missed my point completely. Now, compare the beautiful and harmonious symbol shown above, with the "serif symbol for '8', rotated by 90°" asymmetrical utter monstrosity that you posted in your earlier message, which I'm including here as a screenshot, in order to avoid font rendering ambiguity:  Note: If the symbol in the above screenshot does not appear asymmetrical (as far as the locus of the lemniscate is concerned) in your original post on your screen, then we are in full agreement, and the culprit is my PC's low-quality serif font (Times New Roman, included in Windows 10, is my guess), as you've already mentioned in your reply.
Edit: Oh, and trust me on this: I'm extremely picky about typography, maybe as picky as you, if not more! This is not meant as an offensive comment. I think there are very few of us left. I'm always happy when I find another one... Edit 2: I fully support your suggestion about using L AT EX as a markup language for posts here, in the way it is used in MathOverflow (Stack Exchange), for example. It's a pleasure to post there because of this, among other things. |
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"For every price dump,
There will always be a pump."
Newton, version 2.
#itsgoingupforeverlaurahaiku
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Guys ('n' gal). We are all blessed. I say this in the most humble way I can. I don't know if it's luck, intuition, wisdom, belief, smartness or whatever combination of the above, but we are truly blessed. Nothing more to say really, but to thank Bitcoin and Satoshi for what they've done for us and for the entire world.
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First thing I do is launch Firefox, which automatically opens 6 sites: - Gmail - Google Calendar - Outlook Mail - Kraken 5m BTC/EUR - Bitstamp 5m BTC/USD - Wall Observer In that order. Then I make coffee. so you have an oldschool coffee machine without web UI? I have one of these Nespresso ones, with the capsules. Great inventions. There must be some with Wi-Fi I guess... Ideally, you would install a tube permanently into your mouth and let the 'puter do its thing. Should work great with the Bitstamp chart plugin installed. https://www.death-clock.orgBadly programmed page. No BMI under 25, two options for male? Yeah, you're right. Pretty crappy. When I saw Homer's link I remembered of a death prediction site I'd visited years ago, maybe it was this one, maybe not. First Google search result... Actually, it just puts your selection on top, followed by the full list, so you could also have two "Female" options. Same with BMI, you could have two of the same number. Piss poor programming! At least it gives the same result for the duplicated choices, so the algorithm is probably OK. Puts things in perspective re. our age vs. our corn... Good to HoDL, but better to (also) enjoy while we can! |
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First thing I do is launch Firefox, which automatically opens 6 sites: - Gmail - Google Calendar - Outlook Mail - Kraken 5m BTC/EUR - Bitstamp 5m BTC/USD - Wall Observer In that order. Then I make coffee. so you have an oldschool coffee machine without web UI? I have one of these Nespresso ones, with the capsules. Great inventions. There must be some with Wi-Fi I guess... Ideally, you would install a tube permanently into your mouth and let the 'puter do its thing. Should work great with the Bitstamp chart plugin installed. https://www.death-clock.org |
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First thing I do is launch Firefox, which automatically opens 6 sites: - Gmail - Google Calendar - Outlook Mail - Kraken 5m BTC/EUR - Bitstamp 5m BTC/USD - Wall Observer In that order. Then I make coffee. |
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Apologies for being a little too picky here, but I absolutely hate it when I see a non-symmetrical version of the infinity symbol being used, such as the one shown above, which just looks like ' 8' rotated by 90°. Such a symbol will never be found in any of my writings. It is of no coincidence that (L A)T EX uses the proper, symmetrical symbol in its standard math typeface, or else it would not have passed Donald Knuth's strict criteria—and rightly so! The one in your avatar looks fine though, and I find the entire avatar very beautiful. Just imagine how it would look like, had you used the ugly symbol above... There! Much better! |
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56K This pic is similar to the one with the normal/upside-down dishes. It took me quite a bit of time to figure out the above object's geometry (where the thick and thin parts are). BTW, $57k! |
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