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

[Arriemoller]

this Coinomi is a phone thing?

don't tell me people are keeping real money on phones...

No, just bitcoins. It's non custodial, you have the seed.

But still the phone/computer you are using it gets to know the seed from the very moment you input it.

I meant the seed to the Coinomi wallet. But yes, when you scan your private key, the wallet gets that info, but how else would you sweep a wallet. You have to convert your private key at some point.

[JayJuanGee]

I am, seriously, going to bury a laminated copy somewhere on my land. And have smaller amounts also in my hidden home safe. (I have a visible decoy safe bought very cheap from Cina with some crap in it).

and now the internet knows all these things

Hahahahahaha...   I can see it now.


Criminal:  "Hey Arriemoller, your valuables or your life."

Arriemoller:  "Please, please, no, no, no.. don't take my life... .. o.k.  I will take you to my safe.  Here it is ... it is be called safe."

Criminal:  "Is this the "decoy safe" or the real one?"

Arriemoller:  "Of course this is the real safe.  I want you to have all my valuables and not my life."

Criminal:  "O.k.  i thought that I read somewhere...... "

Arriemoller interrupts criminal, and:  "you probably getting me mixed up with someone else, and you know peeps say all kinds of shit on the interwebs... Of course that is the real safe with real bitcoins and other cryptos available and even title to my yacht that I acquired from the appreciation of my many ETHs.  Surely, I have no other safes in any of these places nor on my yacht.. and you can take the yacht, too."

Criminal:  "O.k.  Your story seems quite plausible, and I have a high level of confidence that you are disclosing everything, and for that reason, I am even gonna leave you with your yacht and I will just take the total value of your crypto that is in this safe, which happens to be .003146BTC and 25.384 ETH, and that should be enough for me anyhow, since I am a modest kind of criminal, and I have modest material needs, too.  Thank you very much, Arriemoller, you have been amongst the most cooperative of my crypto targets, and I thank you for making this whole robbing process easier for me."

Arriemoller and Criminal do a "man hug" because no gay here, and then each goes their separate ways, which means the criminal leaves.   

I do NOT have ETH, but I do have a loaded pistol in a safe. Please let the robbers make me open that safe.

that makes this hypothetical even more fun.   

Arriemoller:  "Criminal, could you just stand right here, while I open my real safe, it is a spot that I reserve for criminals, and it just happens to be a trap, but never mind that."

Criminal:  "Oh, O.k.  I am so glad that you thought this through in advance.  You know most of my victims have no idea, and they have accidents with their bodily functions.  This is so much more pleasurable for me, to come into a situation in which each of us have assigned spots."

Arriemoller:  "No problem, I have been waiting for this moment for years and years and years, so I am glad that you finally came and allowed me to test to make sure that everything works as planned."

Criminal:  "o.k."

Criminal then stands in designated spot as requested by Arriemoller, and Arriemoller presses a "secret" button, but does not tell Criminal that he is going to push it.  Criminal then falls through a trap door and is empaled by 256 swords.

Criminal in his last living breaths:  " you tricked me Arriemoller, you fucker.  This robbery was not supposed to end like this."   

[Arriemoller]

I am, seriously, going to bury a laminated copy somewhere on my land. And have smaller amounts also in my hidden home safe. (I have a visible decoy safe bought very cheap from Cina with some crap in it).

and now the internet knows all these things

Hahahahahaha...   I can see it now.


Criminal:  "Hey Arriemoller, your valuables or your life."

Arriemoller:  "Please, please, no, no, no.. don't take my life... .. o.k.  I will take you to my safe.  Here it is ... it is be called safe."

Criminal:  "Is this the "decoy safe" or the real one?"

Arriemoller:  "Of course this is the real safe.  I want you to have all my valuables and not my life."

Criminal:  "O.k.  i thought that I read somewhere...... "

Arriemoller interrupts criminal, and:  "you probably getting me mixed up with someone else, and you know peeps say all kinds of shit on the interwebs... Of course that is the real safe with real bitcoins and other cryptos available and even title to my yacht that I acquired from the appreciation of my many ETHs.  Surely, I have no other safes in any of these places nor on my yacht.. and you can take the yacht, too."

Criminal:  "O.k.  Your story seems quite plausible, and I have a high level of confidence that you are disclosing everything, and for that reason, I am even gonna leave you with your yacht and I will just take the total value of your crypto that is in this safe, which happens to be .003146BTC and 25.384 ETH, and that should be enough for me anyhow, since I am a modest kind of criminal, and I have modest material needs, too.  Thank you very much, Arriemoller, you have been amongst the most cooperative of my crypto targets, and I thank you for making this whole robbing process easier for me."

Arriemoller and Criminal do a "man hug" because no gay here, and then each goes their separate ways, which means the criminal leaves.  

I do NOT have ETH, but I do have a loaded pistol in a safe. Please let the robbers make me open that safe.

They DO know you might have firearms or whatever inside it. It's never YOU who open your safe, and even if you allowed to do it, they KNOW that is a critical moment and are 100% ready to take action into any suspecting move you make.

I have always said that it is way better to bury whatever in the ground so that even if you tell them where it is (and you probably will) it will take a lot of time and noise to break through .5 or even 1 meter of sweet cement and tiles. Of course that is only for very long term safe storage and suppossing you have neighbours that would notice the irregular noise.

In cement would be overkill even for me, but in the ground yes.

"sweet cement"... I don't know if that is a right english term.... It is basically a mixture of cement that has much more sand so it is compact but at the same time easier to get through. A good few hours would probably be needed though with a handheld electric hammer. So it is good for a long term storage solution yet very difficult for the thieves to carry on without risking someone calling police during the process.

Yeah, I'm not going to work a jackhammer for two hours to get to my stash.

[Arriemoller]

whelp, this thread is going to hell

see you guys in the morning

I'm hitting the hay too, sleep well  or have a good day or whatever fits.

[Totscha]

You rent the box and it can't be opened without a court order.

OK... so you trust your banks and government and legal system, in a vastly socialist state.   My condolences. 

Socialist?

Sweden has always been a capitalist democratic country with due process and all that.

I will allow you to be a step above Norway, maybe above Denmark.  Not difficult, as some of the most socialist western countries.

Is your schooling, healthcare, wellfare, transport government controlled?  Do you pay taxes (all right, I know you pay among the highest in the world)  Welcome to socialism, my friend.

Actually no, they are all controlled by local councils  or run privately.

I think you Americans use the word socialist differently then we do.
We use it in it's original meaning (No democracy, everything owned by the state, private ownership not allowed, dictatorship, and so on).
While you seem to glue that word on any high tax democracy with a welfare system..

Isn't that comunism?

Yup, that's communism. Communism is a system of government. One party controlling the whole country.

Socialism is about economic policy. Think of it as the opposite of capitalism. Socialism want's equal distribution of wealth among all, capitalism welcomes free enterprise and competition.

Traditionally in the 20th century all communist countries were also socialist. But just look at China. It's a perfect example of a communist capitalist country.

[NiceSoft12]

Once bitcoin tries to top $20k again, if not a few more times, maybe $25k..... the things that are propping up bitcoin is just going to fall to oblivion. I think there will be a crypto that overtakes bitcoin and becomes a relevant form of currency. Certainly not original bitcoin.

[Arriemoller]

I am, seriously, going to bury a laminated copy somewhere on my land. And have smaller amounts also in my hidden home safe. (I have a visible decoy safe bought very cheap from Cina with some crap in it).

and now the internet knows all these things

Hahahahahaha...   I can see it now.


Criminal:  "Hey Arriemoller, your valuables or your life."

Arriemoller:  "Please, please, no, no, no.. don't take my life... .. o.k.  I will take you to my safe.  Here it is ... it is be called safe."

Criminal:  "Is this the "decoy safe" or the real one?"

Arriemoller:  "Of course this is the real safe.  I want you to have all my valuables and not my life."

Criminal:  "O.k.  i thought that I read somewhere...... "

Arriemoller interrupts criminal, and:  "you probably getting me mixed up with someone else, and you know peeps say all kinds of shit on the interwebs... Of course that is the real safe with real bitcoins and other cryptos available and even title to my yacht that I acquired from the appreciation of my many ETHs.  Surely, I have no other safes in any of these places nor on my yacht.. and you can take the yacht, too."

Criminal:  "O.k.  Your story seems quite plausible, and I have a high level of confidence that you are disclosing everything, and for that reason, I am even gonna leave you with your yacht and I will just take the total value of your crypto that is in this safe, which happens to be .003146BTC and 25.384 ETH, and that should be enough for me anyhow, since I am a modest kind of criminal, and I have modest material needs, too.  Thank you very much, Arriemoller, you have been amongst the most cooperative of my crypto targets, and I thank you for making this whole robbing process easier for me."

Arriemoller and Criminal do a "man hug" because no gay here, and then each goes their separate ways, which means the criminal leaves.   

I do NOT have ETH, but I do have a loaded pistol in a safe. Please let the robbers make me open that safe.

that makes this hypothetical even more fun.   

Arriemoller:  "Criminal, could you just stand right here, while I open my real safe, it is a spot that I reserve for criminals, and it just happens to be a trap, but never mind that."

Criminal:  "Oh, O.k.  I am so glad that you thought this through in advance.  You know most of my victims have no idea, and they have accidents with their bodily functions.  This is so much more pleasurable for me, to come into a situation in which each of us have assigned spots."

Arriemoller:  "No problem, I have been waiting for this moment for years and years and years, so I am glad that you finally came and allowed me to test to make sure that everything works as planned."

Criminal:  "o.k."

Criminal then stands in designated spot as requested by Arriemoller, and Arriemoller presses a "secret" button, but does not tell Criminal that he is going to push it.  Criminal then falls through a trap door and is empaled by 256 swords.

Criminal in his last living breaths:  " you tricked me Arriemoller, you fucker.  This robbery was not supposed to end like this."   

"256 swords" do you have any idea how expensive a sword is? I would just use those iron thingys you use to reinforce concrete.

[Rosewater Foundation]

Ever since Twin Peaks ended this thread is the best show on. Good night Bitcoinland.

[Arriemoller]

You rent the box and it can't be opened without a court order.

OK... so you trust your banks and government and legal system, in a vastly socialist state.   My condolences. 

Socialist?

Sweden has always been a capitalist democratic country with due process and all that.

I will allow you to be a step above Norway, maybe above Denmark.  Not difficult, as some of the most socialist western countries.

Is your schooling, healthcare, wellfare, transport government controlled?  Do you pay taxes (all right, I know you pay among the highest in the world)  Welcome to socialism, my friend.

Actually no, they are all controlled by local councils  or run privately.

I think you Americans use the word socialist differently then we do.
We use it in it's original meaning (No democracy, everything owned by the state, private ownership not allowed, dictatorship, and so on).
While you seem to glue that word on any high tax democracy with a welfare system..

Isn't that comunism?

Yup, that's communism. Communism is a system of government. One party controlling the whole country.

Socialism is about economic policy. Think of it as the opposite of capitalism. Socialism want's equal distribution of wealth among all, capitalism welcomes free enterprise and competition.

Traditionally in the 20th century all communist countries were also socialist. But just look at China. It's a perfect example of a communist capitalist country.

Nope, that's wrong, but I'm too tired to argue, let's continue on Sunday.

[JayJuanGee]

I am, seriously, going to bury a laminated copy somewhere on my land. And have smaller amounts also in my hidden home safe. (I have a visible decoy safe bought very cheap from Cina with some crap in it).

and now the internet knows all these things

Hahahahahaha...   I can see it now.


Criminal:  "Hey Arriemoller, your valuables or your life."

Arriemoller:  "Please, please, no, no, no.. don't take my life... .. o.k.  I will take you to my safe.  Here it is ... it is be called safe."

Criminal:  "Is this the "decoy safe" or the real one?"

Arriemoller:  "Of course this is the real safe.  I want you to have all my valuables and not my life."

Criminal:  "O.k.  i thought that I read somewhere...... "

Arriemoller interrupts criminal, and:  "you probably getting me mixed up with someone else, and you know peeps say all kinds of shit on the interwebs... Of course that is the real safe with real bitcoins and other cryptos available and even title to my yacht that I acquired from the appreciation of my many ETHs.  Surely, I have no other safes in any of these places nor on my yacht.. and you can take the yacht, too."

Criminal:  "O.k.  Your story seems quite plausible, and I have a high level of confidence that you are disclosing everything, and for that reason, I am even gonna leave you with your yacht and I will just take the total value of your crypto that is in this safe, which happens to be .003146BTC and 25.384 ETH, and that should be enough for me anyhow, since I am a modest kind of criminal, and I have modest material needs, too.  Thank you very much, Arriemoller, you have been amongst the most cooperative of my crypto targets, and I thank you for making this whole robbing process easier for me."

Arriemoller and Criminal do a "man hug" because no gay here, and then each goes their separate ways, which means the criminal leaves.  

I do NOT have ETH, but I do have a loaded pistol in a safe. Please let the robbers make me open that safe.

that makes this hypothetical even more fun.    

Arriemoller:  "Criminal, could you just stand right here, while I open my real safe, it is a spot that I reserve for criminals, and it just happens to be a trap, but never mind that."

Criminal:  "Oh, O.k.  I am so glad that you thought this through in advance.  You know most of my victims have no idea, and they have accidents with their bodily functions.  This is so much more pleasurable for me, to come into a situation in which each of us have assigned spots."

Arriemoller:  "No problem, I have been waiting for this moment for years and years and years, so I am glad that you finally came and allowed me to test to make sure that everything works as planned."

Criminal:  "o.k."

Criminal then stands in designated spot as requested by Arriemoller, and Arriemoller presses a "secret" button, but does not tell Criminal that he is going to push it.  Criminal then falls through a trap door and is empaled by 256 swords.

Criminal in his last living breaths:  " you tricked me Arriemoller, you fucker.  This robbery was not supposed to end like this."  

"256 swords" do you have any idea how expensive a sword is? I would just use those iron thingys you use to reinforce concrete.

O.k.  That is a fair enough concern.  

Hopefully you sharpen up those iron thingies sufficiently in order that they adequately pierce the corpus of criminal to make him(or her) a corpse.  

Some of these modern day cyber criminals are young, skinny and light and might be really malnourished, like less than 80 pounds.  Think about Vitalik, for example, so you don't want the criminal to bounce off of your piercing metals. or to slip between the spaces.

[Totscha]

You rent the box and it can't be opened without a court order.

OK... so you trust your banks and government and legal system, in a vastly socialist state.   My condolences. 

Socialist?

Sweden has always been a capitalist democratic country with due process and all that.

I will allow you to be a step above Norway, maybe above Denmark.  Not difficult, as some of the most socialist western countries.

Is your schooling, healthcare, wellfare, transport government controlled?  Do you pay taxes (all right, I know you pay among the highest in the world)  Welcome to socialism, my friend.

Actually no, they are all controlled by local councils  or run privately.

I think you Americans use the word socialist differently then we do.
We use it in it's original meaning (No democracy, everything owned by the state, private ownership not allowed, dictatorship, and so on).
While you seem to glue that word on any high tax democracy with a welfare system..

Isn't that comunism?

Yup, that's communism. Communism is a system of government. One party controlling the whole country.

Socialism is about economic policy. Think of it as the opposite of capitalism. Socialism want's equal distribution of wealth among all, capitalism welcomes free enterprise and competition.

Traditionally in the 20th century all communist countries were also socialist. But just look at China. It's a perfect example of a communist capitalist country.

Nope, that's wrong, but I'm too tired to argue, let's continue on Sunday.

I welcome the opportunity to be schooled on a system of government and economic policies I was born into by someone who wasn't. Should make for a lively debate

[Arriemoller]

You rent the box and it can't be opened without a court order.

OK... so you trust your banks and government and legal system, in a vastly socialist state.   My condolences. 

Socialist?

Sweden has always been a capitalist democratic country with due process and all that.

I will allow you to be a step above Norway, maybe above Denmark.  Not difficult, as some of the most socialist western countries.

Is your schooling, healthcare, wellfare, transport government controlled?  Do you pay taxes (all right, I know you pay among the highest in the world)  Welcome to socialism, my friend.

Actually no, they are all controlled by local councils  or run privately.

I think you Americans use the word socialist differently then we do.
We use it in it's original meaning (No democracy, everything owned by the state, private ownership not allowed, dictatorship, and so on).
While you seem to glue that word on any high tax democracy with a welfare system..

Isn't that comunism?

Yup, that's communism. Communism is a system of government. One party controlling the whole country.

Socialism is about economic policy. Think of it as the opposite of capitalism. Socialism want's equal distribution of wealth among all, capitalism welcomes free enterprise and competition.

Traditionally in the 20th century all communist countries were also socialist. But just look at China. It's a perfect example of a communist capitalist country.

Nope, that's wrong, but I'm too tired to argue, let's continue on Sunday.

I welcome the opportunity to be schooled on a system of government and economic policies I was born into by someone who wasn't. Should make for a lively debate

It's you who are trying to school me on the system I was born into. You are the ones calling a capitalist democracy a socialist country.
But now I really have to go to bed.

[bitserve]

this Coinomi is a phone thing?

don't tell me people are keeping real money on phones...

No, just bitcoins. It's non custodial, you have the seed.

But still the phone/computer you are using it gets to know the seed from the very moment you input it.

I meant the seed to the Coinomi wallet. But yes, when you scan your private key, the wallet gets that info, but how else would you sweep a wallet. You have to convert your private key at some point.

Not if you are already using a hardware wallet. The private key never leaves it and the signature is done inside it and given to the computer to broadcast. That's its main advantage over any other solutions.

[TERA2]

Bitcoin hasn't seen a good dump in ages. Look at these bigshot investor types with their sneaky partitioned 2000 coin buys and 100 coin walls. What do they think they're doing. They really think they can continue to hold up bitcoin like this. They think they have the float locked and everything is about these 20,000 coins on the exchanges. Just wait till the whales and the early adopters come with the sheer force of 100,000 or 2,000,000 coins hitting the market. They wont know what hit them.

[luckygenough56]

guys...all that time...it was ripple...not slow*ss blockchain.

[NiceSoft12]

Bitcoin hasn't seen a good dump in ages. Look at these bigshot investor types with their sneaky partitioned 2000 coin buys and 100 coin walls. What do they think they're doing. They really think they can continue to hold up bitcoin like this. They think they have the float locked and everything is about these 20,000 coins on the exchanges. Just wait till the whales and the early adopters come with the sheer force of 100,000 or 2,000,000 coins hitting the market. They wont know what hit them.

It used to be that 900 individuals owned like half of all bitcoin in circulation....

What do you suppose that distribution is now?

[TERA2]

Dear lord, the flippening with ripple? The rippling?

What do you suppose that distribution is now?

Not much different #OccupyBitcoin

[NiceSoft12]

You see a lot more of these Newsweek, Forbes, etc, big news station columnists writing bulltard stories of Bitcoin nowadays. Than you take a look at who the columnist is and it always turns out to be crypto enthusiasts that probably post on this forum, and invested themselves already.

These articles were actually a lot more genuine in the past, when the columnists brought up legit questions or simply admitted they didn't understand.

[svdleer]

Godddamn bots are awake again, down 500 again
Same story as for the last 48 hours, see :

https://www.youtube.com/watch?v=30FKrP6BrnI&feature=youtu.be

[mymenace]

You rent the box and it can't be opened without a court order.

OK... so you trust your banks and government and legal system, in a vastly socialist state.   My condolences.  

Socialist?

Sweden has always been a capitalist democratic country with due process and all that.

I will allow you to be a step above Norway, maybe above Denmark.  Not difficult, as some of the most socialist western countries.

Is your schooling, healthcare, wellfare, transport government controlled?  Do you pay taxes (all right, I know you pay among the highest in the world)  Welcome to socialism, my friend.

Actually no, they are all controlled by local councils  or run privately.

I think you Americans use the word socialist differently then we do.
We use it in it's original meaning (No democracy, everything owned by the state, private ownership not allowed, dictatorship, and so on).
While you seem to glue that word on any high tax democracy with a welfare system..

Isn't that comunism?

Yup, that's communism. Communism is a system of government. One party controlling the whole country.

Socialism is about economic policy. Think of it as the opposite of capitalism. Socialism want's equal distribution of wealth among all, capitalism welcomes free enterprise and competition.

Traditionally in the 20th century all communist countries were also socialist. But just look at China. It's a perfect example of a communist capitalist country.

Nope, that's wrong, but I'm too tired to argue, let's continue on Sunday.

I welcome the opportunity to be schooled on a system of government and economic policies I was born into by someone who wasn't. Should make for a lively debate

It's you who are trying to school me on the system I was born into. You are the ones calling a capitalist democracy a socialist country.
But now I really have to go to bed.

none of them work

try a direct democracy

that will throw a spanner in the works, last thing any of these so called controlled governments want.

Direct democracy or pure democracy is a form of democracy in which people decide on policy initiatives directly.
and decentralize it all