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

[El duderino_]

All shits going crazy and on top of that XRP back second place

The world’s gone mad

[Morecoin Freeman]

What's the deal with the hats? Everyone has this avatar nowadays?

[jbreher]

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

Craig Wright said they bought the machines from Jihan and it was the majority of Bitmain sales during Q1. I assume Jihan knows how much they sold and its combined hashpower.

Did he say that that was all the hashpower they acquired? Or merely that they acquired the majority of Bitmain's Q1 output? Two different things.

[HI-TEC99]

What's the deal with the hats? Everyone has this avatar nowadays?

What did I miss with all the hats here?

It's because we found out the meaning of life is "People aren't wearing enough hats". This link explains the meaning of life.

[Last of the V8s]

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

Craig Wright said they bought the machines from Jihan and it was the majority of Bitmain sales during Q1. I assume Jihan knows how much they sold and its combined hashpower.

Did he say that that was all the hashpower they acquired? Or merely that they acquired the majority of Bitmain's Q1 output? Two different things.

not sure if relevant (not really reading your posts now lol) or true, but this was being bandied about on hashpower
https://twitter.com/BryceWeiner/status/1062689549468364800

[Searing]

Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.
In mid to late 2019, I will explain it.
It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

I am not a man prone to violence, but when I see outright blatant lies like this, I really want to clock that fart-huffer square across his moisturized cheek-bone.

I take some solace in knowing this lunacy will likely come to some sort of conclusion, within the next 48-72 hours.

would be on 1/1/20 access to the Satoshi BTC in HODL as the last man standing..if this group is the Satoshi Group.

So he has NO downside...no matter what the price...so if as a megalomaniac is it better to get credit and have 1/10th the millions being known as the father of BTC

and feed the ego or is it the $$$

my own GOT plan (go to hell plan) if all this BTC and crypto goes tulips by 2020...I will become a 'minimalist' sell everything and get a t9ny house

enlightenment could come hard to me  at a 3k price point on BTC ..just saying

[El duderino_]

via Imgflip Meme Generator

[QuestionAuthority]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Its the same impact as a president tweeting something about any company.

But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous.

It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Who is the "we" that you talk about?

And what are all of the supposed "wall street regulations"?

Bitcoin is hardly regulated...

Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs.

So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right?  No general regulatory body covering world wide, either. 

Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have? 

But that would hardly qualify as a "we" would it?  Neither in kind of regulation nor amount of regulation.  What am I missing about your seemingly vague point?

Calm down Jay, it was a joke. No need to bring out the Great Wall of china.

[QuestionAuthority]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her.

I was just pointing out that theymos' blanket statement was erroneous.

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented.

Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like.

Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b.

Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton?

Both born into it. What's your point?

Bitcoin is easy to control.

SEC disapproval of Winklevoss ETF:

“The Winklevoss ETF proposal was rejected because the SEC found that the significant markets for Bitcoin tend to be unregulated overseas markets that are potentially subject to price manipulation.”

Who gives a ratt's ass what SEC finds or says or approves or disapproves?

I’m pretty sure the SEC cares and I know the Winkledouches care.

[Febo]

Craig Wright is tweeting literally every 10 minutes tonight


Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.

In mid to late 2019, I will explain it.

It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

Sorry. You allowed Core to kill BTC.

I did try and stop you.

He tweeted this few days ago

https://twitter.com/ProfFaustus/status/1061229656081350656



It is same shit. This tweet it is an attack itself.  ICO style pre announcement of an announcement.

[Rosewater Foundation]

I guess we're all shitcoiners now. Good thing I had no faith to lose.

[El duderino_]

[lightfoot]

Look at that, bitcoin's on sale today. What's the occasion?

[Rosewater Foundation]

Look at that, bitcoin's on sale today. What's the occasion?

The kids think we're shit. It makes a difference.

[jojo69]

I think, when these guys get to a certain level of super rich, they start getting into the really "good" drugs.

The delusions of grandeur serve them...for a while...and then they just totally lose it.

So CSW has singlehandedly hacked all privacy coins of note, mmmmmmmkay Craig, isn't it time for your shot?

[Astargath]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Its the same impact as a president tweeting something about any company.

But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous.

It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Who is the "we" that you talk about?

And what are all of the supposed "wall street regulations"?

Bitcoin is hardly regulated...

Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs.

So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right?  No general regulatory body covering world wide, either. 

Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have? 

But that would hardly qualify as a "we" would it?  Neither in kind of regulation nor amount of regulation.  What am I missing about your seemingly vague point?

I didn't understand it either. I don't know at which point we implemented any sort of regulations to stop market manipulation. I don't even see how that would be possible without fucking up the whole concept of cryptocurrencies.

[jbreher]

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

Craig Wright said they bought the machines from Jihan and it was the majority of Bitmain sales during Q1. I assume Jihan knows how much they sold and its combined hashpower.

Did he say that that was all the hashpower they acquired? Or merely that they acquired the majority of Bitmain's Q1 output? Two different things.

not sure if relevant (not really reading your posts now lol) or true, but this was being bandied about on hashpower
https://twitter.com/BryceWeiner/status/1062689549468364800

^^One sketchy counterexample of unknown provenance entered into evidence to buttress the possibility that the Q1 Bitmain output totality story is not the totality of the story.

[Astargath]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

This is crypto. Hash power is The Power.

"They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism."

- SN, Bitcoin: A Peer-to-Peer Electronic Cash System

So much for decentralization.

Ah, yes. 'Decentralization'. A means to an end that many have confused with the ultimate end. And a term that appears exactly zero times in aforementioned white paper.

That's ridiculous.

Now decentralization is not important?

That's not what I said at all. What I am trying to say is that decentralization is not the holy grail. Decentralization is merely a means to an end. Decentralization is valuable only in that it serves the ability to transact in a permissionless trustless manner.

Seems like bitcoin's pow is of central importance in bitcoin

Absolutely. A principle that has never been tested in practice. A principle that is seemingly about to be demonstrated conclusively.

To be honest, it's not. No one even cares about it anyways. Almost no one. Look at all the exchanges, all of them are centralized, the ones that are decentralized have 1000$ in volume.

[Icygreen]

Worst sleep in a long time.

That bitcoin paranoid app sounded off at full volume no less than 4 times.  Checked prices during a bathroom break, fuck.....  Check WO... holy shit,  page count is the only bullish thing going. Finally fell back to sleep only to have frustrating dreams of almost getting laid.  
And all of my triggered buy orders are now underwater.
Dare I try to sleep again.  
But I'm still smiling!

[Syke]

He tweeted this few days ago

https://twitter.com/ProfFaustus/status/1061229656081350656

https://screenshotscdn.firefoxusercontent.com/images/41b588c3-2d24-4186-86a9-ab6583cb2ab1.png

It is same shit. This tweet it is an attack itself.  ICO style pre announcement of an announcement.

Put up or shut up. Preferably the latter.