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361  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 12, 2021, 02:28:40 PM
I do not really get this discussion about censorship. I don't see any censorship here, I see (rather large) companies exercising their contractual freedom in highly centralized environment. I'll admit that these times there is a narrowly defined narrative what is the right thing to say and think and often companies trying to avoid customer unhappiness in form of a shitstorm tend to follow that narrative to please their customer/user base.

But since you are basically unheard/invisible if you're not on Twitter (anymore) it is a form of censorship nonetheless nowadays. It is somehow ironic how many BTC-enthusiasts actually use Twitter and not something like mastodon. Decentralization does not only fix the monetary system, it would also fix social networks and energy production etc.. Email for example is decentralized, gmail might kick you, but then you can use hotmail (or go straight to protonmail if you're one of the brighter candles on the cake) or even register your own domain and run it from your living room on a rpi.

If Amazon decides not to deal anymore with Parler, that is fine by me. If Jack Dorsey thinks the orange nutjob is not worth the trouble anymore, that's his decision. People unhappy with that or missing the wisdom of Donnie should vote with their feet/d and use another company for their needs.
What keeps them from running their own infrastructure? Mind you, that was actually the thought behind the internet, being decentralized and everybody being able to run a service on their own computers.

One addition to the above, I might have left the impression that you and I are customers of Twitter or Parler or Facebook, that is not what I meant. We are in fact a supplier, we deliver the product that Facebook sells to advertisers, governments and aliens (basically everbody who pays for it). In turn we are paid for our generous delivery (you'd be astonished what the data about you - your data is worth to them) with "free" services that we can use. This bargain seems obviously too good for most of us to take care and take things into our own hands (i.e. using open standards like Jabber) and run our own services or use easily exchangeable small service providers that offer that to us for a small fee.


Anything that is removed, is by definition, censorship, whatever the motivation for removing it. Even if there are 100 twitters, if the industry as a whole deletes posts of a certain type, it has the same effect as mass censorship.

To ensure we remain a free society, censorship must be fought whatever the form. Even if that form is the profit seeking of media companies.

There is just too much temptation for political corruption and manipulation of opinions by deciding what gets removed and what remains. Only laws should determine that because laws are voted on by our representatives and can't as easily be manipulated as an employee making a biased decision about a post.


I beg to differ. I generally agree about censorship being bad and to fight it wherever possible.
Censorship in my definition is if LE forces your registrar to withdraw your DNS server delegation so that you basically disappear from the intertubes.

Though I believe that everything already is prone to fail when we made companies provide platforms for formation of opinion in the general public (that is insane in the first place).
Twitter is for fun at most, not more. If your business or your free speech depends on having access to Twitter (or whatever service) there is so much that has gone wrong before that. Companies can and should not be expected to be just good for the sake of it, where necessary they should be regulated but otherwise they are just expected to be greedy and profit driven, which is fine as this makes money to live for everybody.

What I am trying to say is that if democracy needs to rely on one or more huge companies to play nice and fair - we're essentially FUBAR'd. Contractual freedom needs no fixing, the infrastructure we rely on for formation of opinion does need a lot of fixing though.

I am aware that the large players like Facebook, Twitter etc. would like to see themselves positioned as communication providers instead of content providers, so that they can say "look, we're like ATT, we don't know what people are talking about over our channels and it's essentially their own business". I disagree with that, they have a website where they publish content to earn money, much like a newspaper or blog etc. and they should be held legally responsible for what is posted there.


If Amazon decides not to deal anymore with Parler, that is fine by me.

What keeps them from running their own infrastructure?

Mind you, not only Amazon kicked them off their infrastructure, but at the same time Apple and Google removed their mobile app.
Feels very centralized and coordinated.


That's what I am saying (even I didn't mention mobile market). Decentralization would for example mean that everybody can write software ('an app') for your mobile and publish it on their own website to install with a click. Being so heavily dependent from the goodwill of one single company is something I could never accept and therefor I never had and will never have any sort of smartphone.
362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 12, 2021, 12:33:26 PM
I do not really get this discussion about censorship. I don't see any censorship here, I see (rather large) companies exercising their contractual freedom in highly centralized environment. I'll admit that these times there is a narrowly defined narrative what is the right thing to say and think and often companies trying to avoid customer unhappiness in form of a shitstorm tend to follow that narrative to please their customer/user base.

But since you are basically unheard/invisible if you're not on Twitter (anymore) it is a form of censorship nonetheless nowadays. It is somehow ironic how many BTC-enthusiasts actually use Twitter and not something like mastodon. Decentralization does not only fix the monetary system, it would also fix social networks and energy production etc.. Email for example is decentralized, gmail might kick you, but then you can use hotmail (or go straight to protonmail if you're one of the brighter candles on the cake) or even register your own domain and run it from your living room on a rpi.

If Amazon decides not to deal anymore with Parler, that is fine by me. If Jack Dorsey thinks the orange nutjob is not worth the trouble anymore, that's his decision. People unhappy with that or missing the wisdom of Donnie should vote with their feet/d and use another company for their needs.
What keeps them from running their own infrastructure? Mind you, that was actually the thought behind the internet, being decentralized and everybody being able to run a service on their own computers.

One addition to the above, I might have left the impression that you and I are customers of Twitter or Parler or Facebook, that is not what I meant. We are in fact a supplier, we deliver the product that Facebook sells to advertisers, governments and aliens (basically everbody who pays for it). In turn we are paid for our generous delivery (you'd be astonished what the data about you - your data is worth to them) with "free" services that we can use. This bargain seems obviously too good for most of us to take care and take things into our own hands (i.e. using open standards like Jabber) and run our own services or use easily exchangeable small service providers that offer that to us for a small fee.
363  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2021, 04:08:04 PM
PREDICTION

$100k-$115k top somewhere between 20-30th of february
Next month or 2021 ?

You're not yet fully into this 2021 thing, are you?

I'd say both..

 Grin
364  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 11, 2021, 03:55:08 PM
BTFD they said, so did I and so far I think I did not too bad this time (BTC/EUR market):



(Though I am not sure I would like to see all of my BTFD orders filled..)
365  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST➡🔺🎲🎰🔲 | BET CONTEST ▄■▀■▄ on: January 10, 2021, 08:20:49 PM

I would say the most logical approach right now to what etude says would be to ask lightlord or any higher level person working for bitvest to show us the cold storage, we would need a guarantee of money, and also we would need some sort of guarantee that if someone wants to withdraw a big amount, there will be a personalized help, someone who deposits 20 bitcoins, gambles a bit and wants to take out 16 back, shouldn't have to wait over two weeks (by 1 btc calculation, could be quicker or slower).

You haven't really looked here for the cold wallets, did you?
366  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 09, 2021, 05:20:50 PM
There are other annoying topics we could try as well.

How about religion or sports?    Cool

Sports is still a bit of good, as long as it are my favorite sports Cheesy

Or what about FOOD  Tongue

Food is an excellent topic, not annoying at all.

Yeah I'm all into some food porn, let's talk about crème fraiche..

367  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 07, 2021, 07:27:07 PM
Must be some sort of circuit breaker has triggered due to rising too fast.
They now let the market cool down so we can save $50k for the weekend.
368  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 07, 2021, 07:09:46 PM
Coinbase down caused the dip?
That’s what I was thinking

cryptowat.ch seems broken.
Confirm anyone?

Can't post new orders or modify existing orders @Kraken since a few minutes, price updates are very erratic.
NOW it feels like 2017 for Kraken users  Grin
369  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ArtByte - the cryptocurrency for the arts! on: January 06, 2021, 04:06:44 PM
..
I tried to contact them via a few different routes but no reply. Their wallet doesn't work on Yobit.
..

Most wallets don't work on Yobit, that's not a concern in itself.
Yobit just simply sucks.
370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2021, 05:42:30 PM
Regarding paying taxes, this one is a bit older, but we can learn a lot from the big boys on how it is done right:

Germany foregoes ~500M EUR gift taxes on 1B stock gift:

https://www.forbes.com/sites/daviddawkins/2020/10/09/axel-springers-ceo-was-just-given-12-billion-in-stock-heres-how-he-might-sidestep-a-500-million-tax-bill/

The english article above says it is unclear how much tax he is going to pay, german media reports he is going to pay zip-nada-null because actually collecting the tax would have put the company in financial danger (his brilliant tax lawyer will probably get much more than the german tax authorities):

https://www.manager-magazin.de/unternehmen/mathias-doepfner-milliardengeschenk-an-axel-springer-chef-wohl-weitestgehend-steuerfrei-a-dbd7c296-6e81-4239-84b9-45a87f0a18b4

https://mmm.verdi.de/medienwirtschaft/aktiengeschenk-doepfners-steuercoup-69089


Justitia must be wanting to vomit more than she ever could eat..
371  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2021, 05:18:21 PM
Interesting interview with the ex CEO of UBS and Credit Suisse (only in german unfortunately):

https://www.bzbasel.ch/wirtschaft/bankerlegende-oswald-gruebel-wir-gehen-in-eine-situation-wie-wir-sie-noch-nie-erlebt-haben-140356175

He actually sounds like some WO regular (of the JJG school as he mentions "Bitcoin" not the forbidden Crypto-word).

TL;DR: Way too much fiat (and debt) out there, debt-fiananced economic growth doesn't really work in the long run, stonks will correct heavily soon since massively overvalued currently, financial market implosion incoming though exact date not set yet.

Disclaimer: I don't like that guy at all, but I can agree to every statement he has made in this interview.

I agree with everything except the "stonks will correct heavily soon" part. They are indeed massively overvalued, but the Fed will keep money printer go brrr on the downlow every year from this point forward, sending stonks even higher. And at the end of every business cycle (7-9 years), they'll use whatever "event" as cover to push trillions of $$$ through, giving Wall Street another massive injection. Next time it won't be just a few trillion though, it'll be more like $10-15 Trillion.

The melt-up will continue for at least another decade, maybe two. Rates will go negative in the U.S. and everywhere else.

Eventually the Fed and the Treasury will merge into one entity, and the nationalization (er, globalization) of the dollar printing machine will be complete.

I admittedly took that a bit out of context and fabricated that as a bit of a misleading teaser what you quoted (the "stonks will correct heavily soon").

What they asked him was if he bought stonks in 2020 and he didn't actually answer that but said instead that he already said a year before when corona wasn't a topic that things are overvalued currently and he expects a sizeable correction, not as much as in the corona crash this spring but since we are now mostly back to pre corona levels, around 20% from March 2020 prices wouldn't surprise him this time.

I agree that more USD = higher stonks prices generally but at some point eventually somebody is going to make some back of the envelope calculations and will be shocked to find out how overvalued some companies have become. But then again, we all know what the PPT is for and how the stock market must go up to keep the whole show running (debt, 401k and all that).

As I personally was never into stonks (and will never be), I'll just stock up on pop corn and watch how it works out from the sidelines.
372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 04, 2021, 03:23:15 PM
Interesting interview with the ex CEO of UBS and Credit Suisse (only in german unfortunately):

https://www.bzbasel.ch/wirtschaft/bankerlegende-oswald-gruebel-wir-gehen-in-eine-situation-wie-wir-sie-noch-nie-erlebt-haben-140356175

He actually sounds like some WO regular (of the JJG school as he mentions "Bitcoin" not the forbidden Crypto-word).

TL;DR: Way too much fiat (and debt) out there, debt-fiananced economic growth doesn't really work in the long run, stonks will correct heavily soon since massively overvalued currently, financial market implosion incoming though exact date not set yet.

Disclaimer: I don't like that guy at all, but I can agree to every statement he has made in this interview.
373  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 03, 2021, 10:50:51 AM
Let's pause that rally for a day or two and go sideways until AlcoHodl is back and well and can enjoy the uppity with us. Shall we?

If Bob would stop buying for a moment, that should do it  Wink

Seriously though: Get well soon, holding my thumbs for a quick recovery!
374  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN][EXCHANGE]Altilly Next Generation Crypto-Asset Exchange on: December 30, 2020, 02:30:30 PM
And now you need to claim your balance within 60 days - but first you need to sign up to google so you are able to fill the claim form...

Quote from: Altilly
Click on the button below to fill in the form so we can establish the users affected by the Altilly Exchange hack.


Please note. You will have 60 days from today, to fill in the form. You can no longer claim your funds once these 60 days have passed.
Final date is: 26th of February 2021 - 23:59 CET.

What a frickin gong show...
375  Other / Meta / Re: Last of the V8s Merit Source Application on: December 29, 2020, 05:13:28 PM
Thanks for noticing that Last of the V8's is missing Timelord. I guess that is your way to express you're caring  Wink

As Hueristic pointed out, I remember he announced to be away for some time, but it seems to have got way longer now which IMHO should have us get worried about his well-being and not questioning his merit source application (but you have admittedly a point here).

I hope he is well and reports back soon.
376  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2020, 04:52:14 PM
<snip>

If the damn things weren't so fucking LOUD. At least IBM xSeries delivered some realtively quiet rack servers, but all the HP, Sun and (IBM) AIX server hardware i've put my hands on so far were screaming loud.

If you think an HP server is loud, try any modern ASIC miner.  Grin

We heat one of our storage rooms with an L3+ and since then all our servers seem to run completely silent to me. Some people say my hearing is impaired, but I don't hear that very often.

377  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2020, 03:08:16 PM
Re: NAS

I've got (and sent to the bin) quite a few of these (Iomega, thecus, etc.) over the years. I need to store data and backups on multiple physical locations reliably and I was quite excited when these home storage servers hit the market ~20yrs ago.

Since I have all data synched in multiple locations, the loss of one of those NAS servers was never catastrophic, but a MPITA and great annoyance nonetheless. Some are hooked up to synch via 10Mbit/s line, 5TB take a while* to synch over such a link. Except two of them all have died meanwhile the very same way they did on heslo (it doesn't even need to be a black- or brown-out, a simple shutdown can kill these buggers too, and yes it's always the mainboard never something easy to replace like the power supply..).

These NAS most often have very low-end CPU and I/O and I found you get way more bang for the buck with used professional servers. I am somewhat familiar with HP servers, but I guess it doesn't make a difference and I would not want to recommend them specifically, but that's just the brand I am used to - YMMV.

Currently I could buy a used/refurbished DL380 G8 48G RAM and 14x1TB for 887 EUR from my supplier. This looks to me like a good price compared to all these crap NAS. On top of a professional raid controller, it has more RAM than most NAS, redundant power supply and I never had such a server fail on me yet the way these NAS tend to very often. And if a part fails, you can actually get cheap replacement parts everywhere and fast, unlike these NAS that are pretty quickly discontinued and replaced and if you are lucky enough to get replacement parts they are overly expensive.

Now I understand that not everybody has a 19" rack in the basement (though these can be had very cheap too :-)) or even a separate room to place a loud beast like this in. Still, all these NAS products that I have had my hands on over the years totally and royally sucked and gave me a very bad price/performance ratio. Avoid them if you can, maybe build something yourself, load FreeNAS or whatever, everything is better than these shitty towers of future misery due to data loss.

Enough rant about NAS, BTC doesn't mind where you store it as long as you have a copy of the seed on paper  Grin

* euphemism for many weeks

378  Economy / Trading Discussion / Re: Hacked Exchanges since 2011 on: December 27, 2020, 02:45:53 PM
Seems another one bit the dust:

Quote from: Altilly
What is going on?
Altilly got hacked recently in week 52 of 2020 and we lost all access to our servers. We are still investigating the damage that has been caused. There is still a chance that all data might be recovered, depending on our hosting provider. We are working round the clock together with our hosting provider to recover data.
379  Economy / Services / Re: I draw your pet with colored pencil - realistic art on: December 25, 2020, 10:27:24 AM
Here is a picture I bought from saiga31, it is based on real images of my rodent friends:



It is a marvelous work and I am totally happy with it.
* psycodad tips hat
380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 25, 2020, 10:25:03 AM
I thought that today would be a good time to share an exciting artwork I bought recently here and I got it now back from the frame maker:


The picture was drawn based on some of the same images that xhomerx10 used for my hat and it's showing most of the hardcore hodler rodent amigos that lived with me in the last ~10yrs.

A Merry Christmas to all of you!

It has been great fun being on this journey to new ATHs with you guys!
Stay safe, keep hodling and smiling! (<- the last bit being even more important in these times)
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