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

[jojo69]

Peter Rizun has about as much credibility as Dorian Nakamoto

Hey now


Dorian is a pretty solid dude, no need for this slander.

[Last of the V8s]

what are the latest prognoses from masterluc? does someone know?

https://vk.com/bitcoin_vanga

He has been silent for a long time.

Just some thoughts on the latest posts from BitcoinWanga:

This guy's predictions have lost credibility a long time ago when he predicted moon at $10k and we dropped to ~$6k almost immediately after. After that I wasn't taking him seriously but lately he started posting some real BS about stock prices and Bitcoin being dependent on Dow etc. His yesterday's post says we're going down to ~$3k which is a complete BS and FUD and today we see the green all around so I guess either he has become a bearwhale sockpuppet and that was a paid post to push noobs to panic sell at the bottom or he has lost his sense of reality completely....

Probably like most supposed bitcoin experts - no better than all of us at predicting the exact time breakouts either way may occur.

If he flings enough shit at the wall some of it will stick & he’ll be right.

Three and a half hours 

[mike4001]

Another dump...how surprising...

Nervously checking the chart

only down to 6350 from 6400

What are you talking about?

[Last of the V8s]

The m police be watching

[jbreher]

I won't be keeping my cold storage coins in a segwit address though.

None of mine are in segwit addresses.

Months ago I asked some technical questions about segwit addresses not having private keys, and nobody answered. Since then, I only used segwit addresses as entry adresses, but not as storage.

According to the doomsayers and FUDcallers, this is not going to save you.

Your coins need to be on a pre-fork/non-segwit address. Any coins you receive after the fork will most likely to have a segwit background. Since the adoption grows, the chances of getting non-segwit coins are becoming less and less. *fudcaller denied this.

Despite anonymint's retracted claim, this is indeed a possibility. To the extent that a cabal of miners can roll back the chain, all the txs in the rolled-back blocks become free txs waiting to be mined into a block again. Any within that set that are anyonecanspend txs are free to be claimed by whichever miner successfully mines them into a block. Once mined into a block, any descendent tx that has as an input the output of one of those anyonecanspend txs is invalid, and so cannot be mined. Any any descendant of that now invalid tx is also invalidated. And so on.

If they do a successful %51 attack and manage to hurt countless people, there will be a bounty for their fucking heads.

Coming up after the break.... Mark Karpeles, Trendon Shavers, James McCarthy, Josh Garza, Shallesh Bhatt all found murdered last night.

[ThePunisher49X]

Another dump...how surprising...

Nervously checking the chart

only down to 6350 from 6400

What are you talking about?

The amateur crypto analysis are saying the pump was triggered by CME futures expiring so putting bitcoin back into hands of those who put their money into those before the run up in January.
But on the other hand others who are experts are saying those futures were too small to cause the price to tumble to $6k in the first place which would negate what those analysis said caused the bull run yesterday.
https://cryptobriefing.com/bitcoin-futures-small-btc-price

[jbreher]

Meh, Bitmain and friends probably have 10nm or 7nm chip ASICs populating their farms.

Semiconductor industry trade rags indicate:
- Bitmain is one of TSMC's biggest customers, buying 20,000 12nm chips per month
- TSMC CEO said that Bitmain will be one of the lead customers for their 7nm process node (which is currently in initial fab)

[V1lpu]

Bitcoin Historical Corrections

[jbreher]

time to get on the bike and go get drunk.

Hardly seem like activities that should naturally go together.

[jbreher]

Facebook bans Crypto Ads, price goes down. Facebook allows Crypto Ads again, price goes down 

But invite-only recruitment soiree

Followed by one-on-ones on Friday. Alas, two non-negotiables:
- Friday was coincidentally my retirement day. I'd entertain part-time, but they're looking for full.
- Ain't moving to the valley. I've been flying there about twice a month. That's more than enough, thankyouverymuch.

[JimboToronto]

Good morning Bitcoinland.

Nice to see we're still hanging on to last night's gains... currently $6368USD/$8373CAD (Bitcoinaverage).

Now this is what I like to hear, people enjoying life and not focusing on the panic of up or down!

god Jimbo

please don't leave us...

Don't worry. After 5+ years of riding this roller coaster, I'm neither getting sick nor getting off.

In fact, I quite enjoy the ride.

[jbreher]

This is the 10-th time I read about it this week. Facebook buying Coinbase?

Last night, I attended an invite-only recruitment soiree hosted by FB.

That is all.

Ooh how disgusting. You poor devil. Was it ghastly. Do tell us more.

Cocktails, appetizers, and chat.
Dog and pony show - hardware infrastructure.
Cocktails, appetizers, and chat.

The meaningful activity was the one-on-ones on the following day.

[jbreher]

The base layer has to stay VERY comfortably within Moore's law.

If one is to use Moore's law as the metric, computing power has increased by a factor of 64 in the time of Bitcoin's existence.

Lessee.... what's 1MB times 64? Humm....

Use of net resources scales super-linearly.  And Moore's Law has had a serious stop in the latest years. I know you know all that. Come on. Please.

The point is that we can easily do more than we did nine freeking years ago. I know you know all that. Come on. Please.

[d_eddie]

- Friday was coincidentally my retirement day. I'd entertain part-time, but they're looking for full.

Hard earned rest. Congrats!

[Rosewater Foundation]

In fact, I quite enjoy the ride.

Ice man, I have no idea how you do it.
I'm emotionally drained. I'd check myself in somewhere if they'd have me.

[ThePunisher49X]

Coming up after the break.... Mark Karpeles, Trendon Shavers, James McCarthy, Josh Garza, Shallesh Bhatt all found murdered last night.

No it wasn't silk roads fault.
https://thelibertarianrepublic.com/no-ross-ulbricht-didnt-murder

[Last of the V8s]

Hmm so facebook are looking for full-time entertainers
interdasting 

[gentlemand]

Ice man, I have no idea how you do it.
I'm emotionally drained. I'd check myself in somewhere if they'd have me.

You need to be out in the Canadian wilderness with your breasts dangling like Putin. Do you think he ever gets emotionally drained? Nope. He goes and joint locks a bear.

[jbreher]

Thusly, any increase in block size which decreases Bitcoin’s security and violates its immutability which forms its Nash equilibrium that sustains its security, is scamming. Sorry to say my friend @jbreher.

The commonly-understood definition of 'scam' includes an intent to defraud. Your definition seems to differ.

Proof-of-work was not designed for transaction volume scalability. Period. It was designed to disintermediate politics and usher in a new world reserve currency (in an approximation of John Nash’s Ideal Money manifesto) surreptitiously through the backdoor of nation-state jurisdictional arbitrage.

I assume you are not actually talking about proof of work, but rather its application to money as per satoshi's protocol. Regardless, I am not yet convinced that Bitcoin was intentionally architected to be Nash's alternative to ideal money. Now that I've freed up some sixty hours per week, I might have not only inclination but also time to follow up on some of these areas of inquiry.

[vapourminer]

Bitcoin Historical Corrections

that table doesnt have the 2011 price decline from $35 to $2. my 1st year in btc, so i remember it well. when i started it was $10 and going up (i was mining with ATI HD6870 and 5830).