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1821  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 03:52:40 PM
Seriously though,  I think we can safely assume that this is not going to happen that somebody intentionally sends you 5m USD without you knowing why or having no idea about the reason for the transfer.

If that ever happened (assuming a very bad error on the senders side), after digging a bit through BEs (as dabs proposed) and listening around here and on twitter, I would probably come to bct and post it here, trusting the guy having fat-fingered 100BTC to me would get to know somehow. If he can sign from the sending address I'd ask an appropriate finder reward (which I'd see at 5-10% according to local law and use here).

You could always just send it back to the sending address. No proofs needed.

Such things, if they happen are most likely to be computer errors. Notably some people have run untested software on wallets that contain most of their stash and have come to regret it. Human error is definitely not out of the question but far less likely in my estimation.
1822  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 02:27:26 PM
I guess what they don't like is that they would have wanted it to be part of BTC instead of having to go to an altcoin exchange to swap over to a different coin just to spend it.

All big blockers wanted was for low-friction transactions to continue to be part of Bitcoin as they already had for the previous six years. They are original Bitcoiners as much as any small-blockers. I'm back because small blocks and high fees do not (possibly yet) appear to have negatively affected Bitcoin's price. However, it must be understood that small-blocks and high fees does remove certain functionality from Bitcoin and while I'll generally not bring this up for no reason, when I see someone act like Bitcoin still has these properties, I'll comment if appropriate. In this recent case, small blocks, DCA and 'not your keys, not your coins' were not compatible together. Choose two. There are several other examples but I won't go into them since it will seem like proselytising.

Now, if all people want is an expensive-to-move SOV, as some in this thread have stated, that's definitely what you got. Otherwise, you just have to accept that the nature of Bitcoin changed when the blocks became permanently full and adjust expectations appropriately.

As for the synthetic meat, I'm wondering about that too, is that how Beyond Meat is made now? They are only marginal more expensive than regular burgers in A&W and other places that server it. There are even competitor synthetic meats. I've always thought they were the next version of tofu or something.

Beyond Burger and friends are not synthetic meat as far as I'm aware, mostly next-generation attempts to simulate meat with vegetable and chemical products. They are considerably more expensive to buy in grocery stores (most of the price in fast food joints goes to overhead and staff so the gap closes) which indicates that the degree of processing probably makes them financially and ecologically worse than cow meat. So again, if it's about killing animals, fine but if not, probably no good reason to get it. Simulated meat likely has better prospects than synthetic meat in the mid-future though.
1823  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 02:02:37 PM
What we are currently witnessing in $58,xxx to $47,xxx is only the second big dip of this bull run.
There is plenty of room for up, we’re not even half way to the peak of this bull run.

I dunno. To my semi-trained but experienced eye, I'd picked somewhere around 60k for the top. I didn't really see the FOMO though. We'll see, I suppose.
1824  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 05:23:24 AM
Synthetic meat may sound like a decent idea but people typically think of the final stage where presumably chunks of cloned meat are cut off in a vat with no cruelty or pain to animals. The issue is that animals are pretty fantastic machines. You grow some typically-vegetable type crops of nominal nutritional value and you feed the animal and it takes care of growing. If you are doing this industrially for synthetic meat, now you are having to provide a carefully balanced nutrient broth which has to be specifically distilled from crops, since you have no stomach, guarded from contamination since you have no kidneys, liver nor immune system and diffused into the "meat" since you have no circulatory system. You also have to deal with texture created by muscle use (unless we're all going to be eating synthetic veal). These things *are* solvable, I have zero doubt but they're not free and make the economic aspect a lot more marginal. Unless you're making the life of animals paramount (though bear in mind cows would effectively cease to exist as a species except as zoo specimens and pets under such an arrangement) which is certainly a market, though niche, that bears serving, it seems to be more of a solution looking for a problem.
1825  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 01:44:13 AM
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

A lot of the times when things are "priced in" it just means you don't feel the shock around the time of the event. Often, things aren't "priced in" enough and it takes a little while for reality to catch up with expectations. Certainly the last couple of halvings have been this way. Not sure how the stimulus is going to play into things. It's a *lot* of moolah being magiced out of nowhere though. One of the things that got me into Bitcoin was concern about how governments were printing money but inflation back then pales in comparison. The country (and others) are being looted.
1826  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 01:38:08 AM

Cool...I'm a GTI/GLI fan. Currently have GLI. Love it.

I have a 2000 TDI. Like it a lot, know it inside-out but it's definitely showing its age. Promised to reward myself when we hit 20k. Was hoping to use it for a trip we just took but yeah...

Best bet might be to DCA and sell a little more coin and get a better car. Or I can just fix the 2000 up and spend the money on other stuff, I guess.
1827  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2021, 12:24:00 AM
So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.

I'm a VW fan. Which model?

It was a TDI Sportwagen. Still is, I guess Smiley . They delayed delivery three times so I cancelled. Then I saw they'd actually got it fairly close so I called to give them another chance but apparently they're not competent enough to swing that so it's showing as purchased by someone else now. Ah well, there are other cars. Cashing out for nothing stings though.

I'm hoping someone local bought it so at least they'd be screwed out of the delivery charge for getting it from Nevada.
1828  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 11:22:51 PM
So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.
1829  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 10:59:17 PM
I hope we're not in for years of slow downward slide again. That was demoralizing.
1830  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 10:27:11 PM
For large amounts classified as "unreasonable", where the sender can clearly show that they made an honest mistake, then yes, I suppose the bank can intervene and reverse the transaction, or legally force the recipient to do it. But if I accidentally deposit $1000 to an unintended account, it's not so easy. I don't think I can just call my bank and reverse it. It can probably be done, but it will take time and I wouldn't expect the bank to be so helpful, especially if the recipient is uncooperative and tells them some fake story justifying the transfer. If I know the recipient and have transacted with him before, this will make things even more difficult.

As I say, it depends who you are. You and me are going to have difficulties there. A large company that moves billions through the bank yearly? They've probably got a permanently assigned employee or two who can make it happen.
1831  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 10:20:21 PM

This doesn't quite sound like you,

I don't know why not. Perhaps your biases against "big blockers" are affecting your perceptions. From being in it, I can assure you that the vast majority saw through CSWs bullshit like it was tissue paper.
1832  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 08:08:40 PM
However his lawsuit wanting to force core developers to give him coins (as if it could work even if they did, miners would have to agree !) is quite a big hint that he can't possibly be satoshi, it's so against BTC's concept !

That he has a poor grasp of Bitcoin's concepts has been shown on multiple occasions. Having failed to dupe BTCers, he tried to be the big fish in the small pond of BCH and when even that didn't work, BSV. It's been interesting to see the knots BSVers will tie themselves into to justify his bullshit. He just keeps pushing and it's amazing to me that he has yet to come to the end of his rope.
1833  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 07:59:05 PM
If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.
1834  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2021, 07:51:07 PM
This. Not to speak publicly about it but imagine having someone sue you just as you're trying to sell off a very expensive floating asset that costs a lot of money to maintain. Knowing that the longer they keep you from selling said asset, the more desperate you become. To the point where it's better just to hand over millions to make the suit go away.

Although that is definitely one way to use the system, it seems nearly everything Wright does is an attempt to legitimize his absurd claim of being Satoshi (or occasionally some other aspect of his dealings) and that's usually the angle to look at first. If there's an act that will cause someone with some kind of authority to write his name adjacently to Satoshi's, he'll give it a go.


Quote
Jail I'm not sure, but he does have a few dates of his own in court... only a matter of time before some shit hits the fan in his own living room.

It beggars belief how much he's been able to skate on while committing perjury in court.
1835  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2021, 12:16:06 AM
Odd. Came back after a few hours and refreshed the page and a bunch of pets moved backwards. Don't recall much delete-worthy
1836  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 05:20:28 PM
The danger with this approach is that my bank may notice this and question me about where those $2k come from. I have nothing to hide, but I want to avoid being targeted for inspection, and when it comes to Bitcoin it can be difficult to explain it to traditional bank people. Guilty until proven innocent and all that...


Probably not. As an immigrant who has had to deal with foreign accounts, income, inheritance and now crypto, I've handled it all openly and legally and I've heard not a peep from the bank or any government agency. I suspect there will be focus on crypto at some point but I've been quite surprised the foreign stuff has been as smooth as it has.

Quitting your job can have a positive impact on your capital gains taxes too, I believe.

Oh wait, did you imply you're in the EU? Nothing I said is probably relevant then.
1837  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 04:14:49 PM

https://twitter.com/squawkcnbc/status/1364206646596165633?s=21

Pretty nice hearing him say these words love it

Probably accurate as most people have no life savings.

Cold wallets though, surely?
1838  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 04:12:07 PM
I got a better idea, Richy. Why don't you leave the block size issue up to the Bitcoin core developers to decide what/when/how to do about it?

Ok? Instead of coming back here just to kick an old hornet's nest with the WO peeps?

That's pretty much where I am right now. But I think it's an issue that's far from over and I think it's fair to point out when it has negatively affected some parts of Bitcoin that people think are still viable. Non-custodial DCA for the small investor is pretty much off the table in this example. Bitcoin has gained a lot of friction. Whether you think that's a good or a bad thing, it has to be accounted for. Given that it may ultimately affect the price, I think it's on-topic for this thread (though I agree it doesn't need to be done to death). Not least, I'm sure there are newer members of this thread who are unfamiliar with the history.
1839  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 02:13:44 PM

Are you seriously coming back to this thread after all this time to start this shit again. Fork off!

Checks for admin or mod flair. Observes none. Disregards gatekeeping attempt.

Some people get really uncomfortable hearing views which don't agree with their own. It's the curse of this age.
1840  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2021, 01:57:38 PM

so lets say miners are the gate keepers. if your fee meets their criteria you are in. if not, increase fee to try again or go home.

 

No, there is no well defined criteria, only a bidding war which drives the cost up in unhealthy ways.
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