Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[BlindMayorBitcorn]

I think my method of onboarding women to BTC works nicely.

[1714491275]

1714491275

[1714491275]

1714491275

[Torque]

why are you guys wasting time worrying about junk forks?

Seriously this.

I mean I know people like free stuff, but I'm starting to really think the majority of people here don't have a pot to piss in and don't actually own any bitcoin, or have money to buy more bitcoin. In which case, ya'll got bigger problems then waiting for some junk shitcoin that will be DOA.

[European Central Bank]

Seriously this.

I mean I know people like free stuff, but I'm starting to really think the majority of people here don't have a pot to piss in and don't actually own any bitcoin, or have money to buy more bitcoin. In which case, ya'll got bigger problems then waiting for some junk shitcoin that will be DOA.

you missed my important paragraph.

coinbase just confirmed they'll treat 2x as an alt.

https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

[BlindMayorBitcorn]

Their comments are ambiguous. 

"The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains."

This doesn't sound like an admission of defeat.

[Torque]

Seriously this.

I mean I know people like free stuff, but I'm starting to really think the majority of people here don't have a pot to piss in and don't actually own any bitcoin, or have money to buy more bitcoin. In which case, ya'll got bigger problems then waiting for some junk shitcoin that will be DOA.

you missed my important paragraph.

coinbase just confirmed they'll treat 2x as an alt.

https://support.coinbase.com/customer/portal/articles/2892985-segwit-2x-faq

Oh, I thought you were referring to this BTG crap.

[European Central Bank]

Their comments are ambiguous.  

"The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains."

This doesn't sound like an admission of defeat.

they have to say that because they don't know what the miners are gonna get up to. but this is certainly a big factor in deterring miner power.

Oh, I thought you were referring to this BTG crap.

that's certainly the junkiest of the current crop, but it's good to know the heavyweight junk is being schooled too.

[Icygreen]

Whoops, I though BTG was forking in 2 days. Just sent a panic transaction off the exchanges to me trezor. So what happens if this does not arrive within the 2 hours before the fork. Where would the BTG reside in that case?

[JayJuanGee]

why are you guys wasting time worrying about junk forks?

Seriously this.

I mean I know people like free stuff, but I'm starting to really think the majority of people here don't have a pot to piss in and don't actually own any bitcoin, or have money to buy more bitcoin. In which case, ya'll got bigger problems then waiting for some junk shitcoin that will be DOA.

We don't gots nowhere near the 23.7219 BTC that you gots....   

[Torque]

We don't gots nowhere near the 23.7219 BTC that you gots....    

Think you might have missed a zero there Sparky   Or maybe not???   

[BlindMayorBitcorn]

23 corns is nothing to sneeze at.

[Torque]

23 corns is nothing to sneeze at.

No it is not. Nor is 2.3, or even 0.23. There will only be 21M. Doesn't matter what you have, it's how you play the loooong game.  

[LewisPirenne]

Whoops, I though BTG was forking in 2 days. Just sent a panic transaction off the exchanges to me trezor. So what happens if this does not arrive within the 2 hours before the fork. Where would the BTG reside in that case?

If the tx wasn't confirmed before block 491,407 snapshot, I presume that it would still be in the old address (the exchange address).  If the said exchange is not supporting BTG fork, then people would be out of luck.  Though of course, exchange can always change their mind later if BTG sticks around and have significant marketcap.  Naturally, one can also do a replace-by-fee tx, if the exchange supports it.  Though I wouldn't recommend it as fee is really high now and we are so close to the snapshot time.

[JayJuanGee]

We don't gots nowhere near the 23.7219 BTC that you gots....    

Think you might have missed a zero there Sparky   Or maybe not???  

Don't never admit nuttin.  

[JayJuanGee]

23 corns is nothing to sneeze at.

No it is not. Nor is 2.3, or even 0.23. There will only be 21M. Doesn't matter what you have, it's how you play the loooong game.  

Exactly!!!


We need not be in a competition, except perhaps against ourselves - and yeah, we get some folks complaining that they hardly got no BTC - yet, there is no better place to start then the present... and if that means putting aside $10 per week or some other reasonable amount that works, that set aside money is likely going to be a decent long term investment, even if it adds up to less than .1BTC in several years.

[Icygreen]

Damnit, Not surprised, bitstamp "waiting to be processed".  I bet they will keep my coins until just after the fork and then send them.  Oh well, not so much anyhow. Organized the larger portion of it a week ago.  

Edit: Transaction was sent and 1 confirmation.  False alarm.   

[RoomBot]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

Yep.  I had my friends make their passwords with me & I kept their keys & p/ws etc on a spreadsheet.  Most of them did forget them, but I still have them.  

[BlindMayorBitcorn]

I'll send  send the horse some water but there's gotta be a trough to dump it in, no?
In other words...yes, I'm more than happy to send milliBits to friends to get them started,
but they gotta download a wallet 1st and send me the receiving addy.
nope...not happening... (unless I'm missing something)

In my experience people are hopeless. What can you do?

Anecdote. Years ago I sent someone some coin. I had to insist he get himself an address. Long story short, he's an IT guy and he forgot his "wallet code".

Yep.  I had my friends make their passwords with me & I kept their keys & p/ws etc on a spreadsheet.  Most of them did forget them, but I still have them.  

In other words you gave a bunch of women Bitcoin and kept the Bitcoins.

[Pajulapoiss]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

[Icygreen]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

The way it was described to me recently here is this:
GPU would work for a short period of time until someone manufactures and monopolizes on ASIC machines to control the hash power. In short, that is what we already have.

Anyone Feel free to correct me if I've got that wrong.

[Torque]

Can someone explain the hate towards btg?

I don't know much about it, but making it mineable with gpu's should make it more decentralized, or no?

What's so wrong with it?

Thanks!

The way it was described to me recently here is this:
GPU would work for a short period of time until someone manufactures and monopolizes on ASIC machines to control the hash power. In short, that is what we already have.

Anyone Feel free to correct me if I've got that wrong.

..and something about a premine (only designed to make the initial devs rich)

..and it doesn't have the genius devs of Core, probably some Chinese dev hacks already paid off by the govt/deep state. Expect bugs, exploits, and back doors in the BTG code moving forward. I heard the devs couldn't even write proper replay protection, and are offering to pay someone else to do it? Oooh, smell that confidence...

Of course this is all just a side-show theater designed and orchestrated to confuse and divide people even more about what is the real Bitcoin. Hence the name "Bitcoin Gold".