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

[ivomm]

From Max Keiser tweet (https://twitter.com/maxkeiser/status/1022257638283857922)
Jamie Dimon checks Bitcoin price

[1714300024]

1714300024

[jbreher]

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

Yeaaaaa no I don't.

Average bitcoin transaction 0.00000025gb
Half the people on earth use bitcoin 3.5billion
Each person does about 5 transactions a day
144 blocks in a day
 
0.00000025*3.5billion*5/144=30gb blocks. 30 gb every 10 minutes people would need to download. Do you have any clue just how far away from that we are? Moore's law or not? That would be 1.5petabytes per year. That's ~16 yeas IF Moore's law holds. Which, by the way, it hasn't been lately. And even then, that's only regular transactions. That's at best only replacing traditional finance. No innovation there. No pay as you go. No IOT markets. No decentralizing the internet. No micro transactions. It's a piss poor vision for the future.

With all due respect, blah blah blah.

You explain to me how 9 billion people are able to merely open a single Lightning Network channel in under three decades, and we have the start of a conversation*. Otherwise, you're just blowing smoke. AAR, you are certainly not responding to the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

*and then we can move on to the more interesting topic of how permissionless, pseudonymous routing can be done in a network where participants can come and go as they please

[jbreher]

They probably could not code their way out of a wet paper bag

Haha. There's a better than 50-50 chance that your computer -- yes the very one on which you are writing your ignorant missive -- is utterly dependent upon my code. What have you coded, JJG?

In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.

[ChinkyEyes]

Good Vid on current situation.

https://www.youtube.com/watch?v=mH87sZxg-98

A small dump ,enough to see tera coming back ??

that was nice to see.

Can someone with knowledge of the ETF markets comment on this? It reads to me like the market manipulation safeguards are not in place for an ETF to be passed YET but are being implemented now (Coinbase/Goldman-Sachs) and that the futures (CME/Cboe) are not adequate for acceptance.

https://www.sec.gov/comments/sr-nysearca-2018-02/nysearca201802-3676326-162451.pdf

Sorry trying to quote out of a pdf is a pain and I'm not going to reformat by hand (if anyone has a tool that will do this please link).

You can convert pdfs to word documents, just google it it's very easy. Use to do it quite often in college when I was plagiarizing things.

On topic, I personally think ETF's are coming just not on 10th of August. We will probably see a small drop when they delay it on the 10th. Most likely a bear trap, after that I think we will moon. All the news coming out and the price going up doesn't look like a coincidence to me. But then again what do I know I am a random stranger on the interwebz dyor.

[JayJuanGee]

They probably could not code their way out of a wet paper bag

Haha. There's a better than 50-50 chance that your computer -- yes the very one on which you are writing your ignorant missive -- is utterly dependent upon my code. What have you coded, JJG?

Get the fuck out of here with your attempt at pulling technical status rank, jbreher, because I could give a ratt's ass about your supposed technical skills as compared to mine.

Furthermore the topic that I was responding to was concerning the technical skills of the bcash team as compared to the bitcoin team, and don't be trying to imply that there is any kind of level of equivalency there.. because my main point was that the whole bcash shit show remains a scam rather than a real project, and it is also used as a vehicle to attack bitcoin rather than to provide any meaningful or useful value to the world....

To the extent that bcash might happen to contribute value will likely be incidental rather than any kind of meaningful innovation or even collaborative seriousness about it (in place of feigning seriousness in order to continue scamming folks to the extent that they can get away with it - especially engaging in deception to make themselves appear as if they were the real bitcoin).

In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.

fair enough about that disclosure, to the extent that there is any need to discuss personal contributions, beyond your having had brought it up here.

[Robin,Hood]

What is the net result of the mob style introduction of lightning.

1.) shifted the only alternative from litecoin to bitcoin cash
2.) created numerous forks all (most) share the same deflation aspect making bitcoin weaker in the process
3.) created disharmony, lawsuits, confusion and personal insults

I could not care less about Roger or Dr. whats his name. I care about the technical aspect and generally myself.
Isn't there some old saying, Better the Devil you know that the one not known.

Is the forced deviation for pure personal gains/interests by a bunch of individuals of which Lee was one of the main characters (and now wants unlimited bitcoin because of security issues) and had to venture several times to china to convince the miners (and probably forget a suitcase full of coins in the office) in the process or is there a deeper reason?

It is plain stupid to tell someone to buy some money. Bitcoin is an investment. Far better tools exist or can be used to pay for a coffee....
Money has no value it is just a tool. To add the bill of the coffee to my phone bill is just fine at the same time i would not top the phone up with life savings or some crazy amount.

Lighting is akin to ripple tech, no-one with sound mind sinks so low.

[JayJuanGee]

What is the net result of the mob style introduction of lightning.

1.) shifted the only alternative from litecoin to bitcoin cash
2.) created numerous forks all (most) share the same deflation aspect making bitcoin weaker in the process
3.) created disharmony, lawsuits, confusion and personal insults

I could not care less about Roger or Dr. whats his name. I care about the technical aspect and generally myself.
Isn't there some old saying, Better the Devil you know that the one not known.

Is the forced deviation for pure personal gains/interests by a bunch of individuals of which Lee was one of the main characters (and now wants unlimited bitcoin because of security issues) and had to venture several times to china to convince the miners (and probably forget a suitcase full of coins in the office) in the process or is there a deeper reason?

It is plain stupid to tell someone to buy some money. Bitcoin is an investment. Far better tools exist or can be used to pay for a coffee....
Money has no value it is just a tool. To add the bill of the coffee to my phone bill is just fine at the same time i would not top the phone up with life savings or some crazy amount.

Lighting is akin to ripple tech, no-one with sound mind sinks so low.

I don't claim to have a lot of technical skills, but I fail to understand the jist of your supposed concern about lightning...   From what I understand, lighting is in a testing phase that is getting a lot of increased usage, use of lightning is voluntary, lightning is largely pegged to bitcoin, so I have no idea how it could reasonably in any way be related to a centralized supply scam, such as ripple.

[Last of the V8s]

They probably could not code their way out of a wet paper bag

Haha. There's a better than 50-50 chance that your computer -- yes the very one on which you are writing your ignorant missive -- is utterly dependent upon my code. What have you coded, JJG?

In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.

What code did you write?

[jbreher]

They probably could not code their way out of a wet paper bag

Haha. There's a better than 50-50 chance that your computer -- yes the very one on which you are writing your ignorant missive -- is utterly dependent upon my code. What have you coded, JJG?

In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.

What code did you write?

Figure it out. Others (presumably) lesser than you have had no problem in discerning.

[criptix]

Someone of you guys holding facebook stocks? 

[Wekkel]

What code did you write?

Respect

[mymenace]

Good Vid on current situation.
https://www.youtube.com/watch?v=mH87sZxg-98

A small dump ,enough to see tera coming back ??

that was nice to see.
Can someone with knowledge of the ETF markets comment on this? It reads to me like the market manipulation safeguards are not in place for an ETF to be passed YET but are being implemented now (Coinbase/Goldman-Sachs) and that the futures (CME/Cboe) are not adequate for acceptance.
https://www.sec.gov/comments/sr-nysearca-2018-02/nysearca201802-3676326-162451.pdf
Sorry trying to quote out of a pdf is a pain and I'm not going to reformat by hand (if anyone has a tool that will do this please link).

You can convert pdfs to word documents, just google it it's very easy. Use to do it quite often in college when I was plagiarizing things.
On topic, I personally think ETF's are coming just not on 10th of August. We will probably see a small drop when they delay it on the 10th. Most likely a bear trap, after that I think we will moon. All the news coming out and the price going up doesn't look like a coincidence to me. But then again what do I know I am a random stranger on the interwebz dyor.

Noted, No ETF, small rise until the 10th AUG, price drop, then back on the ETF news for new ATH, cheers

[Wekkel]

You can convert pdfs to word documents, just google it it's very easy. Use to do it quite often in college when I was plagiarizing things.
On topic, I personally think ETF's are coming just not on 10th of August. We will probably see a small drop when they delay it on the 10th. Most likely a bear trap, after that I think we will moon. All the news coming out and the price going up doesn't look like a coincidence to me. But then again what do I know I am a random stranger on the interwebz dyor.

Noted, No ETF, small rise until the 10th AUG, price drop, then back on the ETF news for new ATH, cheers

What kind of drop: $100s, $1,000(s)?

[soullyG]

Someone of you guys holding facebook stocks? 

Sell Facebook, buy Bitcoin!

[mymenace]

You can convert pdfs to word documents, just google it it's very easy. Use to do it quite often in college when I was plagiarizing things.
On topic, I personally think ETF's are coming just not on 10th of August. We will probably see a small drop when they delay it on the 10th. Most likely a bear trap, after that I think we will moon. All the news coming out and the price going up doesn't look like a coincidence to me. But then again what do I know I am a random stranger on the interwebz dyor.

Noted, No ETF, small rise until the 10th AUG, price drop, then back on the ETF news for new ATH, cheers

What kind of drop: $100s, $1,000(s)?

A technical indicator I would Imagine. Have to wait and see. Other question is how high will it go first, be nice to know that one.

[El duderino_]

Someone of you guys holding facebook stocks? 

No Just fresh Orange juice and a coffee @ This time .... late breakfast..... 

[Torque]

In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.

And neither have the incompetent BCash devs.

So why don't you take your "response to the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions blah blah blah" and shove it up your arse.

[Torque]

Did it have an effect on Bitcoin

Facebook plunges 24% as of Wednesday

Is this a shitcoin chart?



Nope. Just Facebook

Gotta love the sweet sweet sound of Central Bankers dumping and going short on the very shares they've been propping up for so many years now. What a coincidence that they did it after hours, eh?

[Last of the V8s]

They probably could not code their way out of a wet paper bag

Haha. There's a better than 50-50 chance that your computer -- yes the very one on which you are writing your ignorant missive -- is utterly dependent upon my code. What have you coded, JJG?

In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.

What code did you write?

Figure it out. Others (apparently) lesser than you have had no problem in discerning.

Ok I'd forgotten all that, assuming that's you.
Now, what's with the zk snarky?

[camaund]

Did it have an effect on Bitcoin

Facebook plunges 24% as of Wednesday

Is this a shitcoin chart?



Nope. Just Facebook

Gotta love the sweet sweet sound of Central Bankers dumping and going short on the very shares they've been propping up for so many years now. What a coincidence that they did it after hours, eh?

That is the Milan Stock Exchange, at NASDAQ Facebook is at ATH. Nevertheless, all stocks are over-inflated, I wish I could see the same thing happening in NASDAQ (most likely sooner than later).