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

[realr0ach]

Gold and silver do appeal to survivalists/preppers.

I'm not a fan of Martin Armstrong because he seems to shill for the federal reserve after going to prison, but his description of metals is "a hedge against government".  What is bitcoin supposed to be a hedge against?  The cuckchain operates on govt infrastructure and is basically a centralized tracking system for the govt to monitor all your activities and rape you.  Oops, I think we just discovered why bitcoin exists.

[Wekkel]

A Gold plated toilet, just to reinforce where Gold’s current place in the cycle is.

[Arriemoller]

Gold and silver do appeal to survivalists/preppers. If the shit really hits the fan that might be the only usable currency.
The risk of such an apocalyptic event is however in my opinion zero.
Having said that, it's always fun to own some gold and silver coins and bullions, I mean, who here didn't dream of having safe like Scrooge Mcduck's when they were young.

I like building little stonehenges out of the 100oz Ag bars...good clean fun.

That's a really cool idea!

I will have a permanent such stonehenge when I move in to my coming safe house.

Maybe I'll put it in my cabinet of curiosities.

Might have to go down to 10oz bars to fit it in a cabinet.  I always wanted a 1000oz Ag door stop.  Huh.  Maybe I'll just get me one, now that I think of it 

To make ROach proud of me.

A cabinet of curiosities is not an actual cabinet, it's more like a room or rooms full of weird stuff, they later evolved into museums.

https://en.wikipedia.org/wiki/Cabinet_of_curiosities

[explorer]

Gold and silver do appeal to survivalists/preppers. If the shit really hits the fan that might be the only usable currency.
The risk of such an apocalyptic event is however in my opinion zero.
Having said that, it's always fun to own some gold and silver coins and bullions, I mean, who here didn't dream of having safe like Scrooge Mcduck's when they were young.

I like building little stonehenges out of the 100oz Ag bars...good clean fun.

That's a really cool idea!

I will have a permanent such stonehenge when I move in to my coming safe house.

Maybe I'll put it in my cabinet of curiosities.

Might have to go down to 10oz bars to fit it in a cabinet.  I always wanted a 1000oz Ag door stop.  Huh.  Maybe I'll just get me one, now that I think of it 

To make ROach proud of me.

A cabinet of curiosities is not an actual cabinet, it's more like a room or rooms full of weird stuff, they later evolved into museums.

https://en.wikipedia.org/wiki/Cabinet_of_curiosities

Then you have room for larger, scale correct castings 

That 1000oz is proving elusive.  Used to be everyone offered them.

[jojo69]

really? the doorstops are out of stock?

your'e right, they used to be a common offer

[Arriemoller]

really? the doorstops are out of stock?

your'e right, they used to be a common offer

http://www.golddealer.com/product/1000-oz-comex-silver-bar/

I like the idea of a doorstop too.

[HairyMaclairy]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

[somac.]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.

[Arriemoller]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

Don't worry, in Q1 both Bitcoin Atom and Bitcoin God will be available in your Coinomi wallet. And they are both giving 1:1.
I don't bother with anything less, unless they for some reason should take of.

[Dabs]

Exter died before he could properly update it. I have PMs too, so I'm not a hater, nor am I a shill for BTC. I also hodl alts. I'm just a hodler for hire.

[HairyMaclairy]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.

The UB block explorer is showing my addresses as empty. Maybe the Phase 2 distribution has not been carried out even though Phase 2 is now over.

[somac.]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.

The UB block explorer is showing my addresses as empty. Maybe the Phase 2 distribution has not been carried out even though Phase 2 is now over.

Mine is too at the moment, so maybe too early. Wait and see I guess, or maybe I was wrong about the process

I suspect phase 2 will need to be sent over the chain to the addresses that satisfy the criteria. They stole all the coins in the first round, so they would need to redistribute these coins in second round.

[HairyMaclairy]

RSK announcement coming tomorrow.  RSK is a sidechain of Bitcoin (convert Bitcoins to RSK tokens and vice versa).

Holy mother of god:  100 tps (scalable to 1,000 tps).

Currently Bitcoin is only about 7tps.  This is like Bitcoin getting Segwit 14x.  

VERY BULLISH

White paper:  https://uploads.strikinglycdn.com/files/ec5278f8-218c-407a-af3c-ab71a910246d/RSK%20White%20Paper%20-%20Overview.pdf

[Rosewater Foundation]

UB's modus operandi is to steal God-mode inactive wallet balances like Satoshi's to fund 'worthy' developments like Ethereum with it. Stealing God-swalloping us is small potatos.

[jojo69]

well now

[Rosewater Foundation]

Steal might be the wrong word. Let me think of a less emotively charged verb.
Edited:

[mymenace]

RSK announcement coming tomorrow.  RSK is a sidechain of Bitcoin (convert Bitcoins to RSK tokens and vice versa).

Holy mother of god:  100 tps (scalable to 1,000 tps).

Currently Bitcoin is only about 7tps.  This is like Bitcoin getting Segwit 14x.  

VERY BULLISH

White paper:  https://uploads.strikinglycdn.com/files/ec5278f8-218c-407a-af3c-ab71a910246d/RSK%20White%20Paper%20-%20Overview.pdf

Now this is how to create a bitcoin evolution

[HairyMaclairy]

If anyone has any insights into conversion of BTC to sBTC (RSK token) and vice versa please share. The white paper says it will be value pegged but I am not so sure of that.

[Wekkel]

The white papers look ok to my untrained eye. Basically, Bitcoin holders do not have to do anything; the RSK protocol will simply be released and available for anyone to use.

The thing I do not fully understand is whether locking in a Bitcoin to the RSK sidechain and taking it out again comes with Bitcoin fees. If that’s the case, the RSK Network would seem similar to a token not connected to the Bitcoin protocol but pegged price-wise to the Bitcoin price on a 1:1 basis.

The proposed ticker SBTC has already been ursurped by Super Bitcoin (SBTC).

For more about RSK see: http://www.rsk.co/

Exciting times.

[Rosewater Foundation]

For more about SBTC see the Yobituary.
https://yobit.net/en/trade/SBTC/BTC
Currently trading at 1% of a Bitcoin.