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

[JayJuanGee]

At least one of the ETF applications is indeed for a basket of 10 coins.
https://altcointoday.com/bitwise-files-with-us-securities-and-exchange-commission-to-launch-crypto-etf/

O.k.  Factually, the application is there, but seems like something like that is much further down the road, no?  We would have to cross the barrier of bitcoin only first before going down that seemingly weird road of a basket of cryptos.

And how would the system choose, exactly which cryptos to include in the basket?  I'm sure the application says, but I cannot see any reliable methodology that has been established, yet in part because the history of alt cryptos is much shorter, smaller liquidity and a lot more volatile than bitcoin.  Even bitcoin has it's limitations in terms of a short history and questions/concerns about volatility and liquidity.

[1680293534]

1680293534

[1680293534]

1680293534

[1680293534]

1680293534

[1680293534]

1680293534

[1680293534]

1680293534

[Last of the V8s]

repost: shared at the time https://bitcointalk.org/index.php?topic=178336.msg36141733#msg36141733 - https://parliamentlive.tv/event/index/df1a1232-f145-4748-a561-d2cddea27746 UK Treasury Committee on Digital Currencies starring Chris Taylor et al.
but I missed all this entomological stuff - https://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2017/digital-currencies-17-19/ and the written testimonies so far https://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/inquiries1/parliament-2017/digital-currencies-17-19/publications/ including Stolfi et al.

Technically, the centralization of mining (and other flaws whose description would not fit here) means that the the cryptocurrency concept is fundamentally flawed, a failure.  It may not have been obvious at the beginning, but the centralization of bitcoin was already an undeniable fact by 2013 or even earlier.

bonus video starring Izzy https://parliamentlive.tv/Event/Index/252986ff-cec8-4647-a208-787618136dfb

[4rt3m]

Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.

Text is in Russian, use Google Translate.

https://vc.ru/42567-glava-qiwi-rasskazal-kak-eks-sotrudnik-tayno-namaynil-500-tysyach-bitkoinov-na-terminalah-v-2011-godu

[Last of the V8s]

Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.

Text is in Russian, use Google Translate.

https://vc.ru/42567-glava-qiwi-rasskazal-kak-eks-sotrudnik-tayno-namaynil-500-tysyach-bitkoinov-na-terminalah-v-2011-godu

more: https://rb.ru/story/solonin-lecture/
https://cointelegraph.com/news/ex-programmer-of-russian-payments-firm-qiwi-used-company-equipment-to-mine-500k-bitcoins-ceo-claims
the 500k coins are now 'lost'

[mymenace]

Visualizing Lightning Network: 119x growth from 61 to 7246 channels in 6 months



Bigger image: https://i.imgur.com/85VnbXO.jpg

The only reason I don't mind bcash hanging around. Will not be using no matter what and if forced or else.....good bye and hello bcash.
This was forced upon with the aid of ltd otherwise it would never be came about and also bcash would not exist, all be happy days. From then on became very suspicious of the Lee character.

Support a known scammer


Ok, related to the robin hood app and those hollywood scum

[mymenace]

Interesting not sure if a larp more to look into




We be hunting Roger and Shills?

[Hueristic]

Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.

Text is in Russian, use Google Translate.

https://vc.ru/42567-glava-qiwi-rasskazal-kak-eks-sotrudnik-tayno-namaynil-500-tysyach-bitkoinov-na-terminalah-v-2011-godu

more: https://rb.ru/story/solonin-lecture/
https://cointelegraph.com/news/ex-programmer-of-russian-payments-firm-qiwi-used-company-equipment-to-mine-500k-bitcoins-ceo-claims
the 500k coins are now 'lost'

After publishing the article, Meduza added an update to clarify that the former Qiwi programmer could not take advantage of the 500,000 mined bitcoins, as they were “lost” at some point.

I'll believe that when they provide the address.

[gentlemand]

Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.

So some of these managed to get 20-50% of daily blocks for months when there were hundreds or thousands of GPUs?



Riiiiiiiiiiiiiiight.

[4rt3m]

I'll believe that when they provide the address.

Fair enough. May be a PR trick, consider that they are planning to include crypto in their payment system soon.

Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.

So a GPU vs some of these?



Riiiiight.

No

[gentlemand]

No

Damn. I forgot about the Cabinet Effect tm

[Ibian]

https://www.forbes.com/sites/investor/2018/07/24/trade-war-will-launch-bitcoin-as-the-new-gold/#42e70c711c32
r0ach lol

Good article. That was an explanation for the recent rally that I hadn't heard before.

Really, I thought that was pretty common knowledge? I remember the merits of gold vs fiat vs bitcoin being discussed quite a bit in the first years after I joined, with comparisons like this going about:



Also sites like forbes with their popups and random page scrolling are fucking awful to use, wasted a few minutes trying to find where I was interrupted at one point. Just another reason nobody likes them anymore.

[Last of the V8s]

No

Damn. I forgot about the Cabinet Effect tm

Also odd is that 657,000 bitcoins altogether would've been mined in that '3 months in 2011'
So the Cabinet botnet 'was' the large majority of the hashrate.

[gentlemand]

Also odd is that 657,000 bitcoins altogether would've been mined in that '3 months in 2011'
So the Cabinet botnet 'was' the large majority of the hashrate.

It makes a glimmer of sense if it was 2009, but even then something like that is going to have a shit CPU. By 2011 GPUs were already in full swing and they're gawd knows how many times faster. But perhaps in Russia they have Gamer Edition terminals to pass the time.

[mymenace]

The Shady History of Brock Pierce
https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/

Roger knows Brock right
What paid shills here are keeping quiet, speak up

Money is missing - thousands of users, customers, investors.


And paid shills want to support this guy,  

We are Satoshi
We see all
We do not forget


This market is about to go through some dramatic changes

All good and well if we knew, only those in the know understand how it all transitions.

[Ibian]

Frieza killed Vegeta.

But Super Saiyans can't be killed.

He'll come back, blonde and powerful

Too good to pass up.

[Last of the V8s]

Trump / Juncker #maga https://www.youtube.com/watch?v=mxdd_Ywy-zU

[mymenace]

Trump / Juncker #maga https://www.youtube.com/watch?v=mxdd_Ywy-zU

Everything Is Being Put Into Place For The Economic Transition
https://www.youtube.com/watch?v=NGb-qmFT1ik

[Wekkel]

My thoughts for the moment (alts not joining this rally so I expect a dud):



We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move 

[Last of the V8s]

https://blog.bitmain.com/en/transparency-policy-shipping-mining-practices/
https://bitcoinmagazine.com/articles/mining-giant-bitmain-offers-new-policy-boost-its-transparency/
will help

[Rosewater Foundation]

My thoughts for the moment (alts not joining this rally so I expect a dud):



We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move 

Is it a dance move?