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

[JayJuanGee]

He engages in convoluted distractions including frequently attempting to suggest that there were some kind of burden on others to prove him to be wrong rather than him having both the burden of production of evidence and persuasion about the relevance and strength of that evidence, and further if he were such a supposed genius, he would present his ideas and refrain from ad hominem bullshit....

You are delusional, JJG. In your discussions with Shelby, he provided sound reasoning based upon solid evidence supported by links documenting the evidence.

Bullshit.  He provided convolution and distorted speculation.. similar to any FUD spreader that attempts to persuade you of nonsense.

But rather than admit that you were too fuckin' lazy to read the supporting evidence, and apply your brain to follow the arguments, you merely dissembled saying the evidence was not presented. Pointing out that you refused to attempt to follow the argument is not an ad hominem attack.

There were plenty of ad hominem attacks, irrelevancies and convolutions from Shelby/aunymint, the purported angel... I remember that.  You don't want to miss an opportunity to bring up some more bullshit FUD spreading, jbreher?

[xyzzy099]

@MarkFriedenbach https://twitter.com/MarkFriedenbach/status/1030211193544134658
I will be giving a talk at #ScalingBitcoin on how a block size increase up to 3600x the present size and a change of proof-of-work can be achieved with a fully backwards compatible soft-fork—old clients see all transactions and valid SHA256 block headers.

This is not good news if onchain.  I hope this is a sidechain solution.

As I understand it, Mark is not proposing that any of these changes actually be made - he is just going to do a presentation that he says demonstrates that it is theoretically possible to do basically any change as a soft fork.

[Last of the V8s]

Kelly Loeffler, CEO Bakkt:

A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset. This supports market integrity and differentiates our effort from existing futures and crypto exchanges which allow for margin, leverage and cash settlement. Coupled with a secure, regulated warehouse solution, you can begin to see how this market infrastructure can help more institutions and consumers participate in the asset class.

https://medium.com/bakkt-blog/https-medium-com-kellyloeffler-price-discovery-f9c77885383

still need to know if they are going to use leverage within their own company
https://twitter.com/CaitlinLong_/status/1031565897167765505

[HairyMaclairy]

ADDED: Is that like the dark state or something?

The term you were looking for is “dank state”

[Hueristic]

ADDED: Is that like the dark state or something?

The term you were looking for is “dank state”

I hear you should stay away from that.

[Last of the V8s]

https://phys.org/news/2018-08-energy-bitcoin.html

I am a researcher who studies clean energy technology, specifically the transition toward decarbonized energy systems. I think that the conversation around bitcoin and energy has been oversimplified.

unfortunately also not an editor

As such, bitcoin mining uses an exorbitant amount of power: somewhere between an estimated 30 terrawatt hours alone in 2017 alone. That's as much electricity as it takes to power the entire nation of Ireland in one year.
Indeed, this is a lot, but not exorbitant.

but in the end

So perhaps people should quit criticizing bitcoin for its energy intensity and start criticizing states and nations for still providing new industries with dirty power supplies instead.

[Gab0]

still need to know if they are going to use leverage within their own company
https://twitter.com/CaitlinLong_/status/1031565897167765505

Thanks, I'll review it.

[crypmike]

HODL they said

[jbreher]

Thanks Jbear.  I must admit with all the BCH forks flying around I am losing track of which BCH is supposed to be the real BCH.  Is it the Peter R or Alex F version or someone else’s?

You seem to be unable to discern the difference between: an instance of a blockchain; and a proposal for an instance of a client.

[jbreher]

Kelly Loeffler, CEO Bakkt:

A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset. This supports market integrity and differentiates our effort from existing futures and crypto exchanges which allow for margin, leverage and cash settlement. Coupled with a secure, regulated warehouse solution, you can begin to see how this market infrastructure can help more institutions and consumers participate in the asset class.

https://medium.com/bakkt-blog/https-medium-com-kellyloeffler-price-discovery-f9c77885383

Relieved? Maybe. But verification is still in order. Their system seemed purpose-built for partial reserve. What reassurances do we have that this claim is accurate?

[jbreher]

He engages in convoluted distractions including frequently attempting to suggest that there were some kind of burden on others to prove him to be wrong rather than him having both the burden of production of evidence and persuasion about the relevance and strength of that evidence, and further if he were such a supposed genius, he would present his ideas and refrain from ad hominem bullshit....

You are delusional, JJG. In your discussions with Shelby, he provided sound reasoning based upon solid evidence supported by links documenting the evidence.

Bullshit.  He provided convolution and distorted speculation.

How would you know? You never read the provided evidence.

[jbreher]

he is just going to do a presentation that he says demonstrates that it is theoretically possible to do basically any change as a soft fork.

Funny. When we pointed out that soft forks -- which Coreans put forth as being inherently safe -- were capable of making any change whatsoever, we were shouted down as FUDsters. Now a Corean is putting forth this very same truism as new knowledge, and the masses are proclaiming some new revelation.

[El duderino_]

Then let us break 6850 or Just hoover on lower prices for a few weeks again ..... 
Not to much to do about iT  ...... but here probably the same as with you my friend hibernate/HODL

[Last of the V8s]

(Telegraph) -- Premier League football bosses will soon be paying for the best players in bitcoins, it was claimed on Monday night, after seven top-flight clubs launched cryptocurrency trials.

Tottenham Hotspur , Leicester City, Newcastle United , Southampton, Cardiff City, Brighton and Crystal Palace have agreed to set up digital wallets with an online trading platform which says it is in "no doubt" the currency will eventually replace sterling in the multi-billion pound transfer industry.

The bitcoin system will also help clubs tackle ticket touting and counterfeit merchandising, according to online trading firm eToro, which has paid clubs to take part.

Blockchain and cryptocurrencies, which have no physical form and exist only as strings of computer code, were launched with the goal of becoming decentralised currencies. Iqbal Gandham, UK managing director at eToro, told

[ThePunisher49X]

Then let us break 6850 or Just hoover on lower prices for a few weeks again ..... 
Not to much to do about iT  ...... but here probably the same as with you my friend hibernate/HODL

I still believe!
https://youtu.be/RzXuuxnp08o

 

[infofront]

Poll Reset

Result from previous poll:

[El duderino_]

(Telegraph) -- Premier League football bosses will soon be paying for the best players in bitcoins, it was claimed on Monday night, after seven top-flight clubs launched cryptocurrency trials.

Tottenham Hotspur , Leicester City, Newcastle United , Southampton, Cardiff City, Brighton and Crystal Palace have agreed to set up digital wallets with an online trading platform which says it is in "no doubt" the currency will eventually replace sterling in the multi-billion pound transfer industry.

The bitcoin system will also help clubs tackle ticket touting and counterfeit merchandising, according to online trading firm eToro, which has paid clubs to take part.

Blockchain and cryptocurrencies, which have no physical form and exist only as strings of computer code, were launched with the goal of becoming decentralised currencies. Iqbal Gandham, UK managing director at eToro, told

Just anything with football “premier league” and BTC @ one sentence and it intrested me very much 

[El duderino_]

Poll Reset

Result from previous poll:

Forgot the 5-digit   

[infofront]

I posted this in a different thread a few days ago, but it seems to be a well-liked chart, so I'll share here:



I didn't make this. Source: https://twitter.com/CryptoKaleo/status/1009156602039971840

[infofront]

Poll Reset

Result from previous poll:

Forgot the 5-digit   

Not yet, buddy.