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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 25, 2020, 09:47:05 PM



This, although technically awesome, has always been a worry of mine.

What will be the reaction of the "good guys" when the "bad guys" go first into the new world?

My analysis on how this turns out if FAR from complete...  maybe good?  I hope so.

It was inevitable, but i was hoping BTC would be more integrated with the "good guys" first, PayPal is move in the right direction, but would've been great if we had an ETF before getting the pressure from the "bad guys"


Edit: on a flip side it's not a panacea for "bad guys" they always had an option to go to gold standard. No gov wants to loose control over finances. BTC would hugely increase their capital flight
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 25, 2020, 09:30:43 PM




It would have been nice to get this attention in any other context.  WikiLeaks Iran has kicked the hornet's nest, and the swarm is headed towards us.

3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 25, 2020, 01:01:39 AM
observing a 250btc sell wall on stamp


it is now a 300 btc wall. sitting right at 13145.

Still there.

Now we have a 600BTC buy wall at $13131

Edit: And bid wall is pulled
4  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 25, 2020, 12:52:04 AM
https://twitter.com/disclosetv/status/1319999890504691712?s=20
Quote
BREAKING - PayPal terminates account of Internet hosting company "Epik"  - the web host of the Proud Boys, Gab & Bitchute, and many more.

.... it's like someone should invent a censorship-resistant currency so we don't have to use fucktard services like PayPal!

... oh the irony when PP starts confiscating ppBTC shittokens from polically-incorrect account holders who think they have bitcoin

*sigh*

Don't use PayPal.  Hate them.  Boycott them.  Whatever.  You  can use Bitcoin and have nothing to do with them.

But to expect them to be anything other than what they are is foolish.  Trusted third parties are security holes etc.  I personally barely use PayPal.  I have an account because of eBay. 

But if you think we live in a world where they are just going to blow away like a dry leaf because they see that Bitcoin is the future of peer to peer finance... well I have a bridge to sell you.

And like it or not Bitcoin does not scale on the base layer and stay a distributed consensus.  So if you want to see trustless scaling then maybe you should start working on lnd.  And if you don't like lnd then maybe invent another trustless layer 2.  Grumping about PatPal is not adding anything.  And until there is something better for the masses to use they will use what is available.

I work with some very smart people in the arcane rarified circles of IT I inhabit.  Most of them would not see why you would just not use Venmo.  Why are you going to run some server on a Raspberry Pi and be your own node so you can make trustlss payments to ... well to who?  To Bitfinex?

This stuff has a long way to go to mature to the point that it has a raindrops chance in hell of beating PayPal.

And believe it or not what we are seeing is a stone on that pathway.  Shun it all you want, but it is actually taking you where you want to go.

Well lets see what their options were:

-actively fight BTC, lobby governments against it, run ads attacking BTC as terrorist money
-creating their own, or push Facebook/gov shitcoin
-actively support shitcoin (like BSv lol) to purposely split/damage "cryptocurrency" environment
-ignore it (as all other companies do)
-integrate paper BTC into their platform
-tell everyone just to use bitcoin and close their company

am i missing any? Honestly I expected them to stay silent, and was pleasantly surprised to see them endorse BTC by integrating paper/derivative form. What's next Visa start pushing BTC (even paper)
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 24, 2020, 11:36:22 PM
https://twitter.com/disclosetv/status/1319999890504691712?s=20
Quote
BREAKING - PayPal terminates account of Internet hosting company "Epik"  - the web host of the Proud Boys, Gab & Bitchute, and many more.

.... it's like someone should invent a censorship-resistant currency so we don't have to use fucktard services like PayPal!

... oh the irony when PP starts confiscating ppBTC shittokens from polically-incorrect account holders who think they have bitcoin

If they're too lazy to learn about BTC now, guessing they'll learn pretty fast then. In both cases they'll learn about BTC
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 24, 2020, 12:17:45 AM

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.

I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago.

So why now?

The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good think is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

Reminder: Not just Honey Badger.

It's those 3 other shitcoins that they have no business exposing their shareholders to, as well as to their users.

Also, it's criminal they don't allow their users to actually hold and transfer the crypto that they are buying. If they allowed that, I wouldn't be so sour on PP, I'd be applauding them.

Oh don't diss on the chikhun. Would i prefer them to only stick to BTC, sure, but i'll take any adoption. If there's a demand to withdraw they'll have to adapt or will be left behind, if majority don't want to custody their own coins you can't force them. If there's no demand for shitcoins once Ver runs out of money they'll delist.

Also, don't forget that BTC is somewhat of a competition to PP. If they let users withdraw and send BTC to each other, what's stopping users from  cutting PP out as the middle man and sending transaction directly? It's silly to be pissed at the company for not shooting themselves in the foot.
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 24, 2020, 12:01:22 AM

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.

I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago.

So why now?

The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good think is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.

Reminder: Not just Honey Badger.

It's those 3 other shitcoins that they have no business exposing their shareholders to, as well as to their users.

Also, it's criminal they don't allow their users to actually hold and transfer the crypto that they are buying. If they allowed that, I wouldn't be so sour on PP, I'd be applauding them.

Oh don't diss on the chikhun. Would i prefer them to only stick to BTC, sure, but i'll take any adoption. If there's a demand to withdraw they'll have to adapt or will be left behind, if majority don't want to custody their own coins you can't force them. If there's no demand for shitcoins once Ver runs out of money they'll delist.
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 23, 2020, 09:26:26 PM

This is interesting.  This is likely very positive.  I do not *think* they would be doing this if they were not bought into the ecosystem philosophically.  In other words if Bitcoin is just a precursor to PalCoin that's one thing... and I do not doubt PalCoin is likely.

I think this smells. They have known about Bitcoin and other crypto companies since 2012/2013. They could have bought any number of them then for cheap, and enabled crypto payments a long time ago.

So why now?

The likely culprit is that their profits are falling, and they're looking for another way to lock in users into their payment services platform. And also to scoop 0.5% on every crypto buy/sell. It is all greed driven, that is all. Absolutely nothing altruistic about it.

Risk vs return. Public companies have to abide by strict rules. Without any regulations public company cannot invest in assets used by pornographers, terrorists, druggies. They have responsibility to their share holders, and they can't take the risk of investing millions only to find out a day later that FinCen declared any holding of BTC as illegal. It's preposterous to slam first companies when they start dipping their toes in the water. Good thing is honey badger doesn't care about your silly purity tests. Grease the wheels and support companies taking the first risk.
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 22, 2020, 03:05:45 AM
The whole "not your keys not your Bitcoin" has always been a bit too absolutist for me. It implies that you will lose your Bitcoin every time if you don't have full control of your keys at all times.

If you want to use a metaphorical valet temporarily you aren't failing some Bitcoin purity test.

You give your keys to the valet for convenience in hopes that he will bring your car back. You run a tiny risk of not getting it back, but some people like to valet their car.

This whole zero risk kinda thinking is what caused large swaths of the global population to hide under their beds like cowards for a minor flu bug. "not under your bed, not fully safe from flu/snake bites"  Roll Eyes

Life is full of risks and its up to the risk taker to decide what risks are worth it for them. No sense in shaming granny for failing some Bitcoiner purity test bc she trust her keys to paypal or an exchange.

My neg opinion is not about "purity", but about functionality.
If they change functionality to "almost there", then I would be largely OK with it (for grannies, lol).
Right now, you can withdraw $$ from paypal to your bank account. People generally don't keep cash at paypal.
You can only buy bitcoin and have it at paypal, which would simply allow paypal to earn large % on it, which they can't with $$.
Honestly, without ANY transactional possibility at paypal, it is a dud, but i think that transactional possibility would be there is step 2.

It is prefect for 20 a month hodl plans.

Go back to 2010 put away 20usd a month in btc let me know what you have now.


measured in in which units?
I don't want to accumulate btc to have more $$ in a few mo.
By the same token, you could buy in the cashapp, then move it to blockfi...you would have gotten more btc and more $$ (if $$ is the point) in a few month.
I see a benefit for those who have a large volume on paypal, maybe.

BTW, planB is also sharply negative:
https://twitter.com/100trillionUSD/status/1318908402064625664


You said Paypal would be able to make a large profit off the Bitcoin granny stores and not the fiat.

"You can only buy bitcoin and have it at paypal, which would simply allow paypal to earn large % on it, which they can't with $$."

I demonstrated that granny would reap any capital gains profits from Bitcoin, not paypal, unless paypal commits outright fraud and theft.

What is to stop granny from hodling for years on Paypal.

By then she can likely directly withdraw it directly in BTC, or if not, she can convert her Bitcoins to a million each in fiat, then transfer the fiat to an exchange and buy Bitcoin that she can control the keys of.





of course paypal will rip off granny because it would give her btc to blockfi/celsius while maintaining a database entry for her.
at, say, 3% a year, in 10 years paypal has 35% more btc, granny has the same amount in btc (in an unlikey scenario that there are no fees).
if granny puts $$ in paypal, paypal would not benefit as much since there is almost no interest in $$.
it's a bank,a bitcoin bank.

They have that NY bitlicense i'm not even sure if that'd allow them to run a fractional reserve, regardless, any investment carries a risk so if they do lent anything out they have to insure it with their own $250 billion market cap. Any publicity is a good publicity, and i believe over all this is a net positive for BTC not sure why everyone got their panties in a bunch
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2020, 10:25:05 PM

Science.

Borat's compromise on Rudy?
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2020, 10:16:11 PM
Ok so at $12k, i expected us to be at $20k by now

Ok so at $13k, feels like we've been at $12k for ages now, like a full day, i expected us to be at $20k by now ...
12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2020, 07:57:21 PM
sorry can't get excited about the Paypal corprotist shit sandwich getting served up for the masses.
you can't deposit your own btc, you can't withdraw your own btc, when you 'spend' btc from paypal the merchant doesn't receive btc ....
I mean wtf is it? It doesn't sound like btc ... it's just some joke token they are using in their internal spreadsheet for peeps who think they are in the btc market but are actually getting played by paypal.

the deception and surreptitious datarape by silicon valley continues, can't cheer this one on.

Now when granma's "invested" in BTC via PayPal, it'll be that much harder for gov. to fight it as money for pornographers, terrorist, durggies... 
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2020, 05:29:56 PM
Well, it's nice to be officially "wealthy" again at these BTC/USD prices. Freaking surreal.

Too bad the Paypal news is so lame. Not being able to move crypto between accounts, or into your own custody is going to red-pill quite a few folk about "not your keys, not your coins"

Gentlemen.

Yeah, that was one of my initial thoughts too. But that's eclipsed imo by the ability to send your bitcoin to paypal and then be able to spend it anywhere paypal is accepted, which is almost everywhere online. So just one extra step allows us to spend bitcoin almost everywhere. That's huge (no need to keep huge amounts of bitcoin there).

Hmm, it seems that if you cannot send/receive your own bitcoin to/from your paypal account, it's perhaps not as ground breaking as we'd hoped. Still a positive development though.

I would have been surprised if they would allow sending/receiving.  Nor BTC withdrawal, and obviously this is a big win for KYC.  And using it as "cash" for purchases will be it being spent at it's market rate etc.

it's messy.  There will be big negatives.  In some ways the status quo companies coming in is a bit of an invasion.

But this is SUCH a positive step in spite of all that.  And now the race is going to be who is the one that offers the most features you want.  Paypal, Square, Baakt, Fidelity, Robinhood, Etc?

This is DEFINATELY one of those "don't let the perfect get in the way of the good" moments.

I think Square/Cash App is going to set the tone for the industry, although PayPal is certainly a 900lb gorilla.

Or what if they used some kind of thunder bolt fast channels between their walled gardens, that would allow KYCed users to transfer their "BTC" between the approved platforms. Step 2?
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2020, 01:01:00 AM
Ok so at $12k, i expected us to be at $20k by now
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 17, 2020, 04:53:19 AM
You want to talk politics...fine...but I am not interested in the current choice of two "pensioners".

What I am interested is:

1. Is this the decline era for the US "empire"?
2. If no...nothing. If yes, then would that decline be more like the decline of the British Empire (BE) or more like the decline and fall of Rome?
3. If like BE, then...nothing. If like the decline and fall of Rome, then we could be up for a few decades to few centuries of unpleasantness (Dark Ages II).
For the history buffs, it is thought that Justinian plaque (most likely caused by plaque bacteria- Yersinia pestis).
Maybe something rhymes here.

What's your take?

I suspect the US will slowly decline and be superceded by China, and the effects will be similar to those experienced by Britain after its decline in the 20thC and subsequent succession by US. The British are still pretty comfortable though, in terms of per capita GDP and standard of living. So while the US might decline, it will be slow enough not to affect its citizens for a few more generations, and even then it may not be very dramatic.

Or war. Always a possibility probability guarantee over time.

Once a person doesn't have to think about feeding himself, he starts thinking how to free himself. Whats the point of having money but living in a dystopian society, you have all the hookers and blow in the world but can't use it cause the state is monitoring your every step. They won't be able to forcefully change the "make your money and leave" attitude, think the rich would need something less totalitarian.
16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2020, 08:23:18 PM
Either institutional buying is greatly exaggerated, or someone is selling a ton. Pick your poison, time should tell as one is much more sustainable than the other.

They bought. They are not so dumb to shill Bitcoin and then start buying., They bought and finished. Now are shilling. When price will increase will dump. and keep a long ago decided %  of their portfolio.  Those people that thinks they bought those BTC and will keep them forever after are ....   They bought Bitcoin as a hedge. This % of their portfolio and will keep it that way.


Maybe, bought but now stopped buying and shilling, waiting for others to step in for domino effect.
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2020, 08:22:13 PM
Institutional buying, next to OTC, is placing limit orders under the current spot price. Michael Saylor managed to obtain his 38k bitcoin like this in under 8 days without moving the price upwards (but perhaps decreasing the downward pressure?). FOMO market buying is for retail.

Process is irrelevant, supply and demand. If price is staying the same, either demand is not there, or supply (of coins for sale) is (temporary) increased.
18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 16, 2020, 07:06:06 PM

Either institutional buying is greatly exaggerated, or someone is selling a ton. Pick your poison, time should tell as one is much more sustainable than the other.
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 14, 2020, 08:23:51 PM
BTC275 @ $11.369,01 bid order on coinbase. Someone flashing $3MM


Edit: And it's gone
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 12, 2020, 10:00:26 PM
In France since the very beginning of the pandemic evangelical gatherings have been superspreader events. Again one the other day. I propose nuking all evangelicals. Seem pretty well correlated in the US, South Korea, and Brazil, too.

PCR test is utterly meaningless as a public health tool, which drives all these counts if take cases.  
The cycle count is completely ignored.
You can test positive from a flu you had 10 years ago.
Moreover, covid-19 has never been specifically identified, and we don't know what they are comparing against
It's a hoax within a hoax within a hoax.

Lose the mask an social distancing.
Refuse to comply!

Asymtomatic spread of covid is a myth to scare and control the public.


https://articles.mercola.com/sites/articles/archive/2020/06/23/who-says-covid-19-asymptomatic-transmission-is-rare.aspx


Russian ambulance drivers are also in on this hoax?!?

Hold on gotta call my wife at the hospital who's putting people on ventilators and tell her that they're all faking it. Idiots get ignored....

Edit: How about you loose the mask and let Darwin do his work?
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