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

[becoin]

The transaction validators are always designed to centralize.

Go back to your cave, roachy! And learn what does "Essayeur Fondeur" or "Melter Assayer" mean in physical gold and silver world.

[1714778589]

1714778589

[Anon136]

I LOVE cryptocurrencies.

In addendum to what I said earlier, I'm surprised so many people fell for the profitable PoW idiot test:

You sure do like to make a lot of assumptions. No I prefer proof of stake. I long ago thought through it and came to my own determination that POS does in fact work. As much as I love fluffypony he is wrong about that one. I just don't let my preferences in that regard get in the way of making money and being involved in great projects. Even if you are correct in that it is a necessarily centralizing force, that centralization would still take time. Plenty of time to make lots of money speculating and make lots of transactions utilizing its capabilities. Again you cant push a silver coin through an ethernet cable. This sector is needed and as long as it is needed it will continue to exist and as long as it exists people are going to capitalize the best projects even if those projects are flawed.

[yonton]

Buy Bitcoin Private, Privacy is the most important part of crypto and BTCP has the best privacy tech in the world!

[JayJuanGee]

[realr0ach]

No I prefer proof of stake

Closed entropy systems do not have any value, which is what proof of stake is.  There's no difference in recursive systems and the banking system we already have equipped with permanent, static oligarchs.  That's why bitcoin also does not have any fundamental value, PoW just evolves into externalized proof of stake in practice:

https://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

[LFC_Bitcoin]

Buy Bitcoin Private, Privacy is the most important part of crypto and BTCP has the best privacy tech in the world!

[Anon136]

No I prefer proof of stake

Closed entropy systems do not have any value, which is what proof of stake is.  That's why bitcoin also does not have any fundamental value, PoW just evolves into externalized proof of stake in practice:

https://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

The entropy in a closed system would tend towards a more and more disordered state. It would move naturally from low entropy to a high entropy state. Without external forces inputting energy to lower the entropy back down. That would be a good thing inside a closed crypto system. Order is collusion. Order is cartels. Order is centralization. Order is balkanization/concentration of the units of account. Within the context of the internals of the closed system of course.

*edit* I admit I have never thought about the problem from this angle before until you put me on the spot right there. My appraisal of the viability of proof of stake did not factor in any theories about entropy.

[JayJuanGee]

Bitcoin go up Bitcoin go down.  Reasons don’t matter.

That is like one of the only true and accurate things in this bitcoinlandia.

[BTCMILLIONAIRE]

Bitcoin go up Bitcoin go down.  Reasons don’t matter.

Seriously. I guess it’s a whimsical market. The wind blows bitcoin explodes or collapses.

I’m baffeled. 

Have you read about the cyclones on Saturn? They'd make for a pretty accurate comparison to the winds that blow in the crypto world.

[HairyMaclairy]

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

[Anon136]

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

Sure you will buddy. Look you just gotta realign your expectations a little bit.



Just ask Carlos Matos. There is no problem so big that it cant be solved by a positive attitude.


Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as this. It's was like going whale watching and seeing the occasional orca swim through I'm pretty impressed then cathulu casually strolls by. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

[HairyMaclairy]

I’m rich again. Which means I’m going to be poor.  And that looks like a form of birth control.

[madwica]

I’m rich again. Which means I’m going to be poor.  And that looks like a form of birth control.

Same here, my funds are like an ice its melting. hayyssss

[mesmerakyns]

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

Sure you will buddy. Look you just gotta realign your expectations a little bit.

https://leoandbella.com.au/wp-content/uploads/2015/12/inflatable_glitter-pool-ring-gold_2_.jpg

Just ask Carlos Matos. There is no problem so big that it cant be solved by a positive attitude.


Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as this. It's was like going whale watching and seeing the occasional orca swim through I'm pretty impressed then cathulu casually strolls by. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

Waoh! I never seen any transaction this big myself... I guess the confidence is getting back and people are buying into the dip already. Hope this will validate my earlier speculation about the price rallying back to 10k. Just been hopeful though.

[Anon136]

Waoh! I never seen any transaction this big myself... I guess the confidence is getting back and people are buying into the dip already. Hope this will validate my earlier speculation about the price rallying back to 10k. Just been hopeful though.

Would a transaction from an exchange look like that though? 1 input and 1 output? A transaction with 1 input and 1 output is almost certainly going to be authored by a human hand not an algorithm at an exchange. My best guess is that it is someone moving funds into or out of cold storage. With the price crashing which of those two is more likely? Seems bearish to me.

[realr0ach]

Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as something like this. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

[Anon136]

Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as something like this. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

Shrink your images down bro. That monser is just rude. It takes up the whole dang screen. I mean maybe take the whole screen for a chart or something useful, not a meme.

[mesmerakyns]

Waoh! I never seen any transaction this big myself... I guess the confidence is getting back and people are buying into the dip already. Hope this will validate my earlier speculation about the price rallying back to 10k. Just been hopeful though.

Would a transaction from an exchange look like that though? 1 input and 1 output? A transaction with 1 input and 1 output is almost certainly going to be authored by a human hand not an algorithm at an exchange. My best guess is that it is someone moving funds into or out of cold storage. With the price crashing which of those two is more likely? Seems bearish to me.

Yeah! It doesn't look like an exchange thing and it is an individual transaction but that still doesn't proof it's bearish what if the person moves it to an exchange just as you hypothetical think he might have moved it to a cold storage? Let's watch and see, time will tell.

[Rosewater Foundation]

It’s going up again.  

[Karartma1]

Fuuuuuccck. It’s going up again.  I’m never going to have solid gold yacht at this rate.

...
Soooooo did you guys see this? I was watching transactions live and the mother of all transactions scrolled by right before my eyes. In all my years of transaction watching I have never seen anything even in the same universe as this. It's was like going whale watching and seeing the occasional orca swim through I'm pretty impressed then cathulu casually strolls by. Thoughts? https://blockchain.info/tx/c875eb38c6bc141abd92a9014f985b72f5500f88e8722d29e1c8d274b738d744

It's 132 million dollars

It's only 10 satoshi/byte in fees, only 20 fuckin' dollar cents to move a HELL lot of money. Do that with Silver, Corn, Euro, [add your favorite here] if you can.

I moved a thousand dollars for the same fee (7sat/b). They moved 132 M$

This is what bitcoin does. Never forget that you are able to store and move your wealth around without relying on a third party.