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7261  Other / Meta / Re: Elon Musk threads are moved to Off-topic ? on: June 06, 2021, 01:58:35 PM
People talk about Elon in Bitcoin discussion or altcoin discussion boards but you nearly can not find Elon in Wall Observer. It you want to discuss about Bitcoin, join that topic and skip your mind free from Elon.

I don't know why you claim that WO is free from EM - because if you use that thread search you can find posts that mention it even in 2013. If you don’t believe it, here are a few examples that prove that it has spread like a virus on the forum.

https://bitcointalk.org/index.php?topic=178336.msg57168733#msg57168733
https://bitcointalk.org/index.php?topic=178336.msg57169088#msg57169088
https://bitcointalk.org/index.php?topic=178336.msg57166756#msg57166756
https://bitcointalk.org/index.php?topic=178336.msg57164720#msg57164720
https://bitcointalk.org/index.php?topic=178336.msg57162844#msg57162844
https://bitcointalk.org/index.php?topic=178336.msg57161651#msg57161651
https://bitcointalk.org/index.php?topic=178336.msg57161677#msg57161677

In fact, it is rare that a page can be found that does not have at least one post about EM or Tesla.
7262  Economy / Scam Accusations / Re: Stole Token By Small Rabbit on: June 06, 2021, 01:22:22 PM
From what can be seen from the Trust summary for Small Rabbit - it has as many as 3 negative feedbacks from DT members dating back to February 2021 and as far as I can see they relate to the same bounty/signature campaign we are talking about here. There is no logic that someone was paid for something they did not deserve, and as far as I can see the manager did not give any explanation as to why this happened - but I see that some kind of excuses "we can not pay, our tokens are locked" and similar things are mentioned.

All in all, this is all about the games of some amateurs trying to make money on some shitcoins - and it's no wonder that those who work the hardest, get crumbs and still have to pray for them Angry
7263  Economy / Economics / Re: I currently cannot own a Paypal, Bank Account, CashApp, etc on: June 06, 2021, 12:57:11 PM
If i want to sell some coin, I give me dad the coin, and he gives me cash in hand.

...but each transaction has to be validated through a mobile app before it can go through, meaning that if my dads at work it would take a while for him to validate the transaction.

I think that says enough about what your father thinks about it - you're just too young to be able to decide for yourself when to buy or sell something, and I really don't see how you can legally open an account anywhere and trade cryptocurrencies. However, we come back to what your father thinks about all this - because if he trusts you, then the only thing that makes sense is that he still approves transactions through his bank app - but I don't understand why it would be something that takes a long time - send him an SMS or call him to approve such a transaction, and nowadays, everything is in a few clicks (unless it's different here).
7264  Other / Meta / Re: Elon Musk threads are moved to Off-topic ? on: June 06, 2021, 10:47:41 AM
No wonder EM mania has become very irritating to some, and every thread that comes up with his name is sure to be reported by at least 5-10 different users - which then leaves the moderators too little room except to send a clear message that such topics have a place in off-topic. While some things should not be ignored, people should refrain from duplicating and repeating the same things over and over again.

That rich prick is, after all, just a man who doesn't deserve our attention to the extent he's currently being given - my avatar says it all Wink
7265  Other / Off-topic / Re: Anoymous message to Elon Musk on: June 06, 2021, 10:21:48 AM
Finally the community is bashing Elon Musk. Anonymous is a powerful group, let's see where they go.

I think today's Anoymous is a little different from it was 10 years ago, and according to the information that can be found, these are some new people, given that many older members have been arrested over the years or have given up fighting for some other reason. There is no doubt that the ideas behind this movement have remained the same, but apart from a public appearance on YT, what else can we expect from them - to hack Tesla or SpaceX?

I agree with everything that was said in the video, I consider EM to be just a spoiled greedy manipulator who more than obviously has some kind of personality disorder. Luckily, he has completely exposed himself with his actions and will probably eventually join the house of infamous people like Roger Ver or CW Faketoshi.
7266  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: June 06, 2021, 09:58:35 AM
For example Japan back in 2017 accepted bitcoin as a "currency" which you can use in payments which seems to be the same definition as "legal tender", isn't it?

I think the situation is the same in Germany, at least when it comes to paying taxes in case BTC is used as a means of payment. If memory serves me well, such an attitude also exists in some other countries that understand a little better that excessive taxation and bans are not a good solution.

However, we should congratulate the President of El Salvador, who had the courage to make such a decision, which will certainly not be best received by some countries and people who have a completely different opinion when it comes to Bitcoin. But the essence of sovereignty and democracy is to make decisions in your country no matter what others have advised and thought about it.
7267  Other / Beginners & Help / Re: Newbies panicking. on: June 06, 2021, 09:29:36 AM
Not only beginners panic, there are a lot of those who have been on this forum for a long time, and they still haven't figured out some basic things, so every dip will be interpreted as the beginning of a bear market. Their fear stems mostly from losing the money they have invested and the inability to understand that patience is the key to success. FUD is always a powerful tool for those who want to manipulate the crypto market, and it's amazing that it always succeeds - which only confirms that the vast majority still represent weak hands.

Risky investments are not for everyone, as few manage to withstand all the challenges that arise in such ventures - so we need to be careful when telling people about cryptocurrencies because I don’t think anyone wants to be responsible for other people’s financial losses.
7268  Bitcoin / Bitcoin Discussion / Re: Does a PUBLIC Bitcoin Burn address really exist? on: June 05, 2021, 02:05:42 PM
Here are two examples that are 100% burn addresses :

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr
https://www.blockchain.com/btc/address/1111111111111111111114olvt2

See here for further explanation.
7269  Economy / Speculation / Re: Will we ever see $10k per BTC? on: June 05, 2021, 01:42:26 PM
Will we ever see BTC below $10k? Actually I'm waiting for BTC to reach $20 so that I can invest my 50% and later on if price fall further, another 50%. But what if it doesn’t go such below? I will miss the potential gain.

Never say never when it comes to Bitcoin, but you still need to ask yourself, what are the odds that the price will fall so low? As some others have already written, something very bad should have happened that would shake up the crypto market, but then again you have a problem with how long it would take for the market to recover. In other words, your investment could be completely unprofitable for a long time, especially if a crypto winter like the one in 2018 happened.

I don't want to be a financial advisor, every man has to decide what he wants to do with his money - I'll just say that some opportunities are given once in a lifetime, and waiting for them to happen again turns into irretrievably lost time.
7270  Economy / Economics / Re: Is Covid-19 carrying the growth in digital currencies? on: June 05, 2021, 01:10:37 PM
In some countries, digital payments have become quite common even before the pandemic, and perhaps the best example is Sweden, where most payments are made by card - and predictions say that by 2023 the country should become the first cashless nation. From this we can conclude that some countries have long been on the way to fully switch to digital payments, and cash will increasingly become a thing of the past - it is inevitable, and the pandemic and fear of infection has only accelerated this process.

What I think is the biggest disadvantage of this type of payment is the psychological effect that occurs when a customer pays in digital form in relation to cash - because people say they have much more control over spending when they have cash in their hands than a regular plastic card. I believe we’ve seen this on record increases in online sales during a pandemic, people just spend more that way and that’s a fact.

Of course, there are many benefits to switching to digital payment methods - less paper and metal consumption for coins, less chance of spreading the virus, reduction of armed robberies at banks, post offices and similar institutions that work with cash.
7271  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2021, 12:52:43 PM
I'm thinking TSLA is done for now. Not that it will completely die or anything, but its business will slowly get eroded away. They will have their battery production to rely on so will plod along, but the days of TSLA conquering the world are over.

Who else needs TESLA or Lambo, Nevera is here Wink


https://www.rimac-automobili.com/nevera/
7272  Bitcoin / Hardware wallets / Re: Lost Nano Ledger but have pass phrase with me on: June 05, 2021, 12:29:46 PM
I don’t understand why you don’t see your address if you follow the advice from @xenon131 post? Is it possible you have the wrong seed? Alternatively you can try this tutorial which includes Ian Coleman's BIP39 tool, maybe this way you may find it easier to find the private key of your ETH address.

Generate private keys (advanced)
7273  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Bitcoin/ETH replace fiat someday? on: June 05, 2021, 10:29:45 AM
You should have better defined the term “someday” because it is completely vague in the sense that it can happen in 1 year or in 50 years. Maybe one day in the distant future the world will change globally and have one global currency, and maybe it won't even have it - if we refer to the science fiction of Star Trek where the concept of money no longer exists at all.

In its current state, Bitcoin is technically still complicated for most people, and sometimes almost unusable for microtransactions - and even if that changes for the better, does anyone think that world governments would give up their financial sovereignty in favor of any cryptocurrency? After all, most countries in the world work on their own digital currencies (CBDC), and that is the best answer to the question of what they think of the digital cryptocurrencies that exist today.
7274  Bitcoin / Press / Re: [2021-06-04] Bitcoin falls after Elon Musk tweets breakup meme on: June 05, 2021, 09:52:46 AM
For those who believe he deliberately brought down the price to buy cheaply, such actions can only be further proof that he is still trying to keep the price below $40k - in other words, the accumulation is not over yet for him and his friends from the shadows. While some argue that he no longer has such a big impact on the crypto market, suffice it to say that his followers are growing every day - and most continue to act like sheep following their shepherd.



I cannot stand him anymore. Cannot even read his words as he breaks my nerves.

To me, he is completely irrelevant, and the only information I learn about him comes from this forum - he is just another in a series of rich spoiled manipulators who think the world revolves around them.
7275  Economy / Speculation / Re: Taproot lock-in FOMO is coming(?) on: June 05, 2021, 09:32:05 AM
no. i didn't even know about that. the $70k price is just the next natural step that bitcoin can take. it was the price it was trying to reach before the FUD began.
there is also a massive amount of  cash waiting on the sidelines to jump back in. most of it is the money that exited the market, not just bitcoin but all the shitcoins that have been pumped during the past couple of months and made traders a ton of money.
a positive signal will ignite a big rise.

I understand that most of those who have invested in BTC for the sake of profit (mostly in the short term) need to look at things in a very narrow range - but to me as a long term holder the next interest step is only at $100k - and not because it's my exit point, but that means people value BTC twice as much as when it was only worth $50k.

As for the continuation of the bull run, I think it's inevitable - and it could very likely happen in Q4, because I think a lot of people in the Northern Hemisphere will use this summer for travel after the pandemic subsided a bit. Of course, there is always money waiting to be invested in something, and now it is only a matter of time before investors assess that it is the right time.
7276  Economy / Speculation / Re: Don't you think Bitcoin will die over the summer? on: June 04, 2021, 02:47:09 PM
Will Bitcoin die in the summer? Cheesy

Only if he does not use the appropriate UV protection factor, because it is a well-known fact that the sun is very dangerous during the summer Wink

Let's put the joking aside, everyone and everything will one day die or disappear, so maybe one summer in the distant future Bitcoin will cease to exist, but not in the sense that it will literally disappear - but that it will become completely insignificant to humans to the point that almost no one will use it. What was cutting-edge technology to humans 100 years ago is in museums today, and in the next 100 years people are likely to achieve incredible technological advances that will make today's technologies completely irrelevant.
7277  Bitcoin / Armory / Re: not able to transfer wallet frrom armory to electrum on: June 04, 2021, 01:40:38 PM
i will like to transfer my funds to electrum....

All you need to do is extract your private keys from Armory and then import them into Electrum using 2 possible options (sweep = send coins in transaction) or (by using import function in Electrum). For this purpose, there is an excellent tutorial posted by @HCP, and I suggest you read the whole thread (and more times if necessary), because private keys are very sensitive information that should be handled with care.

Re: update armory wallet 0.96
7278  Bitcoin / Bitcoin Discussion / Re: The fall from 65k to $30k was the best thing to ever happen to Bitcoin on: June 04, 2021, 01:21:41 PM
Though it's a pretty expected thing, because at this point almost everyone is aware of Bitcoin

Who exactly do you mean when you say "almost everyone is aware of Bitcoin"? Are they regular investors in stocks, gold, bonds or similar things - or do you think most people in the world generally know about BTC?

Hearing about something, knowing something about something, and understanding something are completely different things. If we take into account that 45% of people do not have access to the Internet, out of the remaining 55% who theoretically have the opportunity to invest in BTC - how many of them actually actively participate in everything that happens in, say, the last 6 months? I would say that it is at most about 5%, although it is very easily possible that it is less than that. It is still a game that has a very limited number of players globally - especially those who can influence the market with their moves.
7279  Economy / Economics / Re: Biden Goes After Crypto Tax Evaders with Global Data Sharing Initiative on: June 04, 2021, 12:28:11 PM
Can anyone imagine a scenario where nations of the world sacrifice state sovereignty to pander to this proposal of global tax initiatives. Would every nation in the world willingly abandon their right to government themselves and bow down before the united states, Joe Biden, china or any central authority figure?

I don't know why you think this is some kind of drastic measure when it comes to cryptocurrencies, when we already have agreements between the US and a very large number of countries that share such data either automatically or on demand. Just look at how it already works and add crypto to that story - I don't see anything new or spectacular here -> With Which Foreign Countries Does the United States Share Tax Information?

I think these attempts at establishing global tax initiatives and perhaps a global one world government will be the same.

Does this global government include China, Iran and North Korea, and some other countries that do not obey the wishes of Big Brother? If you want to see how the global government works, then look at the example of the EU, where 2/3 of all decisions are made in the European Parliament, where the largest countries have the most representatives, and small countries generally just stand and watch. Definitely a bad system that would be even worse on a global level, the foundation of every country should be its sovereignty and the ability to make key decisions on its own.
7280  Bitcoin / Bitcoin Discussion / Re: Will Satoshi ever come forward? on: June 04, 2021, 11:06:15 AM
He was posting almost every day. Few posts daily and than disappeared. He didn't even say goodbye. He did not write that he was abandoning the project because BTC is ready enough for that. He just disappeared.

What exactly happened to Satoshi has not been clarified yet, although I believe that some of his close associates know much more than has ever been made public. It is possible that some additional information will be published over time, although it will be a distant history that will no longer be able to influence Bitcoin in any way.

If you read what actually happened behind the scenes in the early years, it can be clearly concluded that some individuals were not satisfied with the fact that Satoshi still makes all the important decisions. Apparently there was very strong pressure on Satoshi to actually leave, or at least leave most of the decisions to some other people - and from everything Satoshi did before his disappearance, it is clear that he did not leave until he made some important moves.

One of the best articles that describes in detail all the events and gives a very good insight into everything that happened between Satoshi and his close associates should be read by everyone. I will single out the following :

Still, it’s difficult to say if Satoshi’s decision to walk away was his alone. After all, over the year, there had been a dramatic change in tone toward his leadership.

As to whether he intended to leave, however, Satoshi was definite, his sign-off observable when he removed his name from Bitcoin’s copyright statements[X]. Thereafter, he would also update Bitcoin.org, adding the names and emails of other developers – including Andresen, Sirius, Laszlo and Nils Schneider (tcatm) – to its contact page and removing his own[X].

What little we know about the transition was represented by Andresen publicly when he claimed a week later to have received Satoshi’s “blessing” to start “more active project management.”[X]

In the interim, Andresen assumed the trappings of authority, putting out a “help wanted” post and making clear to new volunteers they would now need to move the project forward[X].

“Who is willing and able to help out? Don't ask permission, just jump in. Your reward will be recognition, admiration and respect. It is time to take Bitcoin from, essentially, a single programmer project to a robust open-source project with lots of contributors.”
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