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

[elrippos friend]

No, Bitcoin Won't Use Up All The World's Energy

Bitcoin using too much energy is thus pure FUD as it originates in the sectors that will lose more or be
disrupted most by the blockchain, the latest being the Bank for International Settlements (BIS), a core
piece of the global banking infrastructure.

Bitcoin and other cryptocurrencies also potentially replace gold as an international asset of last resort and it is
said the energy expended raping the earth for the precious gold monetary relic is five times that expended on
bitcoin. Even if it was a 1:1, the replacement of gold by bitcoin would surely be an environmental good.

https://www.forbes.com/sites/investor/2018/06/18/no-bitcoin-wont-use-up-all-the-worlds-energy/

Interesting point here.

I was wondering how much the current bank system demands in terms of energy consumption. It's true that the bank system offers a lot of services but do we really need all this stuff?

Considering ATMs, servers, offices, premises and so on, I would say running the Bitcoin system is not that bad.

It's also interesting the fact associated with the environmental exploitation of metals that are linked with the old system.

I wouldn't say Bitcoin system is the final solution to energy problems but, c'mon, the current money system definitely isn't more efficient than the crypto's one.

Environmentalists point the finger against Bitcoin while they still use and benefit from the bank system. I mean, the real problem lays at the base, certainly not at the blockchain technology.

Has anyone already posted this?
https://drive.google.com/file/d/1TIma781rLFjr-dqeJmL2KN06OpoRkSsj/view

It's 2014 research so some numbers should be adjusted, but still

ps it's also the source of this image that is going around lately on social networks and stuff

Hy hopes for a green currency 

[Robin,Hood]

Bearish:
......................

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Any link to it?
Its stuff like this i'm glad alternative like bch exist. Or another fork incoming the limited edition and the unlimited one.
One thing you dont do is change rules midway through game. Dont fix something not broken.

[realr0ach]

I didn't type anything about Peter Todd so someone misquoted me and it was someone else's quote.  However, it's a known fact that security decreases the lower the block reward goes and the more the network relies on transaction fees instead.  It opens up more adversarial mining attacks and other problems once transaction fees are higher than the static reward, so that's probably why Peter Todd has said for a long time that bitcoin probably needs an inflationary block reward.  

It could just be a 24/7 situation of big miners trying to game each other with block withholding attacks and other nonsense until the other guy goes out of business, which would obviously monopolize it even further when it's already pretty much completely centralized in the first place.

Here's a 2016 post concerning more on that subject:

https://freedom-to-tinker.com/2016/10/21/bitcoin-is-unstable-without-the-block-reward/

The droves of technically illiterate people in this thread that think bitcoin is too big to fail and guaranteed to succeed are sorely mistaken.  The chances are high it would die out like every other PoW coin that reached end of block reward, or the hash rate might be too low to stop attacks running off transaction fees as well.

[JayJuanGee]

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Link or it didn't happen.

[Tyr808]

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Link or it didn't happen.

https://twitter.com/peterktodd/status/1005383828192616449

[Tyr808]

Bearish:
......................

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Any link to it?
Its stuff like this i'm glad alternative like bch exist. Or another fork incoming the limited edition and the unlimited one.
One thing you dont do is change rules midway through game. Dont fix something not broken.

That post by Todd is indeed slightly concerning
But considering bcash as a serious alternative is overracting.

[shahzadafzal]

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Link or it didn't happen.

https://twitter.com/peterktodd/status/1005383828192616449

There was an answer too

@waxwing__
Yeah, it'll be stable, but it'll be stable at 0. If the reward is 10 and the current total supply (after 1 trillion blocks) is 10 trillion. (I ignore the natural loss phenomenon, but I think you were too).

[Robin,Hood]

Bearish:
......................

By the way what is Peter Todd rambling about?? Increasing the btc supply??

Any link to it?
Its stuff like this i'm glad alternative like bch exist. Or another fork incoming the limited edition and the unlimited one.
One thing you dont do is change rules midway through game. Dont fix something not broken.

That post by Todd is indeed slightly concerning
But considering bcash as a serious alternative is overracting.

Overracting no, what he says Monero and Dogecoin is the perfect coin with a fixed unlimited supply. The world move in mysterious ways.
Edit:
After May 2022 Monero changes to 0.3 XMR/min, miner reward forever and Dogecoin has already the 10000 fixed block reward since Feb 2015 forever

[TERA2]

I still can't stop thinking how hilarious it was the bulls called the bottom and popped champagne on this candle.

[wayna]

Well, at least somebody is trying to hold "The bottom" up... . (Mic post some good pic) 

Confirmed. Bottom is being held up.




Sometimes I feel like my biggest contribution to this thread is butt pictures, but I guess that's good enough.

We are really in the bottom indeed! i like what's on the inner side loool  XD. really looking forward to see Bitcoin back again at it's 10k mark atleast.

That's interesting... I mean not only the image

How would you say that we have already reached the bottom?

Just look at the picture. No, really, after staring at it for a while, you will understand we have surely found THE bottom.

The more I look, the more I understand   

[El duderino_]

Yeah, well that's just like your opinion, man.

love the lebowski shit.... gotta finish my tattoo quickly , gonna see the movie one of these days again been to long already 

[vroom]

Yeah, well that's just like your opinion, man.

love the lebowski shit.... gotta finish my tattoo quickly , gonna see the movie one of these days again been to long already 

big lebowski is also one of my favorite movies and it has so many scenes we can use for bitcoin memes.

the dude with his head in the toilet would be a good bottom meme.

the mexican bowling jesus could be a bcash shill.

and the list goes on..

[El duderino_]

I still can't stop thinking how hilarious it was the bulls called the bottom and popped champagne on this candle.

why hilarious ?? real BULLS and LONGTERM hodlers are just poppin champagne whenever they want , we are just all sitting back relaxing and be a part of the whole ride BTC is taking .....  

[El duderino_]

Yeah, well that's just like your opinion, man.

love the lebowski shit.... gotta finish my tattoo quickly , gonna see the movie one of these days again been to long already 

big lebowski is also one of my favorite movies and it has so many scenes we can use for bitcoin memes.

the dude with his head in the toilet would be a good bottom meme.

the mexican bowling jesus could be a bcash shill.

and the list goes on..

LOL had made this one few days back 

[vroom]

big lebowski is also one of my favorite movies and it has so many scenes we can use for bitcoin memes.

the dude with his head in the toilet would be a good bottom meme.

the mexican bowling jesus could be a bcash shill.

and the list goes on..

LOL had made this one few days back 

nice one

[regent4]

60 minute
https://i.imgur.com/p7oPHB8.png

daily
https://i.imgur.com/YdZe8kL.png

analysis here

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-21st-june-2018.html

[Last of the V8s]

blahhttps://i.imgur.com/CRBVfs6.png[/img]

I still can't stop thinking how hilarious it was the bulls called the bottom and popped champagne on this candle.

why hilarious ?? real BULLS and LONGTERM hodlers are just poppin champagne whenever they want , we are just all sitting back relaxing and be a part of the whole ride BTC is taking .....  

[Last of the V8s]

https://tucsky.github.io/SignificantTrades/#

turn the sound on etc.

[wh1rlw1nd]

60 minute

daily

analysis here

http://blockchainshowdown.blogspot.com/2018/06/btc-usd-21st-june-2018.html

how can it be an analysis? a lot of lines, questions after each sentence? analysis is a sum of facts on recent data, not questions.
please, reconsider yourself or significantly upgrade your analysis, thanx.



as for me all i can see only barts, even double barts. was there ever triple bart patterns? too many of them..

[Last of the V8s]

meh documented on twitter. see also trilema.com and even youtube

anyway, other well-documented attackers include Barry Silbert (New York Agreement) and Vitalik Buterin (Ethereum)

nation state attackers not yet well documented