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641  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2022, 05:12:38 AM
I know that Elwar sold his house for bitcoin around that time. Not sure about the origins of the house.

This is all you need anyway

642  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2022, 12:20:57 AM
Also the photo not being a perfect top view might also not make the error apparent.

There's like a dent where the top left-radius meets the top. I figured that might just be an illusion of perspective though.
643  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2022, 12:03:30 AM
THE SOLAR is what my partners and I do.

Anyone that understands what you are showing knows that all anti BTC info in terms of power wasted is a lie.

Leaved un repaired holes in the ground for more than a century was a huge incentive for coal mining.

instead of that build solar fields with proper incentives if they mine 50% and sell power to the grid 50%

problems solved.

Meh, kind-of a red herring. Those holes can be repaired and can end up looking like pristine countryside within a couple of decades. Then there's also the fact that your solar panels require minerals that need mining.

Not that I'm against solar. I'm just a cynic.
644  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2022, 11:59:01 PM
Speaking of Lightning, when will it get mainstream? I mean, yesterday I wanted to pay for a Discord nitro which costed $4 and the guy didn't even know what Lightning is.  Huh

Yes. I paid on-chain...

Have you not been paying attention?

18 months.
645  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2022, 04:05:21 PM
Dave from eevblog just revealed that when you get a youtube silver plaque, you get to enter whatever name you like to be engraved on it. I'm sure Craig Wright will get right on that.
646  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2022, 08:44:49 PM
Well, it finally happened. I am Corona positive.

This is almost as much of a bummer as BTC not reaching 100k last year. Angry



Take two of these and call me in the morning.

647  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2022, 08:40:14 PM

I do gather that you, richie, are inclined to follow the price follows hashrate nonsense,

Let me stop you right there. That is by no means the case and I don't believe I have ever stated anything that could even be construed as such.

As far as I'm concerned, we're in a process where Bitcoin is trying to find where its price matches its value (and I believe we are quite a long way yet) via the market discovery process. Along the way that will be moderated by a variety of mechanisms which I won't go into here but a little logic shows that this can only be accomplished via a volatile process (how volatile it needs to be is an interesting question but the actuality is that it has been violently volatile). This process seems to be fairly well divorced from the hashrate.

Now, the mechanism for hashrate seems to be "If Bitcoin is profitable, buy more equipment". That does potentially link hashrate and price (but not in the direction that the opinion you incorrectly ascribe to me would suggest). However, as Bitcoin as near as dammit always been profitable, the restricting factor has been equipment availability which has lead to a total divorce between the two concepts. I will say that on at least one occasion, miners have surprised me by being willing to be patient for future profits rather than following pragmatism but they surely had good reason and that doesn't really affect things much.
648  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2022, 04:47:41 PM
base cost of a coin should help miners to determine whether they are going to mine or not mine.... including help them to decide the extent to which they will expand or shrink operations or attempt to make their operations more efficient in order to attempt to be profitable.

While this is basically true, it's worth noting that mining expansion has typically been limited by equipment availability (once things got past the initial "anyone interested in this thing?" phase). This has lead to mining not quite following price which may partly explain the misapprehension of price following hash.
649  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2022, 08:25:56 PM
A little bit of light on a dim Monday.  I feel exactly zero sympathy for this asshole.  I feel a little bit for his family.  But I watched him personally cheer on the lawsuits coming out of the project he supported.

What he built was so CLOSE to a good idea but based on such a bad idea there was no saving it.


I saw many people saying it didn't matter if CSW was a fraudulent asshole, what was important was the fundamentals. No, the character of people is important. Steer clear of such people as much as you possibly can.
650  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2022, 04:01:22 PM

Good news for Bitcoin right now be like

651  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2022, 06:13:30 AM


100%? That's CONFIRMED!
652  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2022, 05:39:19 AM

Thanks. I better sell my 1 ETH then.

Sell ETH for METH.
653  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2022, 01:28:16 AM
This is exactly like it.



I have become less and less agreeable to three-wheelers over the years. Chopped VWs were really the only ones I ever thought worthwhile.

I do give a pass for those physically unable to ride a proper motorcycle. But there are better options even for many of them.

His grandmother gave it to him to sell and get a real bike (he bought his first starter bike from me cheap a few years ago).

She bought it to keep riding in her 80's!

She got a few more years of wind in her hair out of it and I respect her for that.

I've never been a fan of trikes but they still beat the shit out of cars.

I think I would ride one of these if I couldn't balance a bike anymore.

*20 pages to go!

Can't argue with one iota of that. Good deal all around.
654  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2022, 12:51:03 AM
This is exactly like it.



I have become less and less agreeable to three-wheelers over the years. Chopped VWs were really the only ones I ever thought worthwhile.

I do give a pass for those physically unable to ride a proper motorcycle. But there are better options even for many of them.
655  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2022, 11:47:23 PM
Quote from: Richy_T
Btw, I always wanted to ask you why do you use shorts instead of a cap? Are you a Bane fan?  Roll Eyes

Quote

Well, truth is, I'm just not a joiner. So I'm just poking a bit of light fun.
656  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2022, 10:58:11 PM




No wonder the dip with shit news like this. /s
657  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2022, 06:51:31 AM
Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...
658  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2022, 04:16:53 PM
https://www.thesun.co.uk/money/17387140/bitcoin-boy-millionaire-erik-finman-told-to-drop-out/


ERIK Finman became the youngest Bitcoin millionaire at 18 after investing in the cryptocurrency aged 12 - but his teacher told him he'd never amount to anything.

The Bitcoin mogul was told to "drop out" of high school and work at McDonald's because he'd "never amount to anything more in life".





Little fucker

"Getting rich" does not necessarily mean amounting to anything. Good for him for making a good decision though.
659  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2022, 03:28:40 AM
FIAT - 'flate it again, Tony.



FIAT - Funds Inflated Away Totally



FIAT - Financial Ignorants, Always Thieving.
660  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2022, 03:15:29 AM
Next up: Citizens with private renewable energy capture will be forced to sell it back to the public grid.

I can hear the politicians now: "We must socialize all private renewable energy...for the greater good."

There was a fuss a while back about some state not allowing people to disconnect from the grid if they were self sufficient (Florida?) Not sure what became of that.
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