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

[El duderino_]

That way I could only show each tattooist 5" for opsec

hahaha
perfect COUNTER

but nice calculation by XhomerX

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[kenzawak]

Bitwise Bitcoin ETF Trust IPO Filing on NASDAQ

https://www.nasdaq.com/markets/ipos/filing.ashx?filingid=13149338

[d_eddie]

Bitwise Bitcoin ETF Trust IPO Filing on NASDAQ

https://www.nasdaq.com/markets/ipos/filing.ashx?filingid=13149338

Without going through the whole shebang, it's not even easy to tell if it's supposed to be settled in kind or not.

[wachtwoord]

If you pay the fee your transaction will be included in the Blockchain. If that fee is the equivalent of $0.10, $1, $10, $100, $1000 or more that simply reflects the value of being able to place a transaction on the Bitcoin blockchain.

What is the purpose of bitcoin if transaction fees went to $1000?  It's mostly a fucking interbank settlement tool and that's it.  The banks would also get rid of it and use their own proprietary settlement tool or token as well.  You have to keep in mind that unlike a bank to peon citizen transaction, in interbank settlement they are NOT attempting to rip each other off (usually), so each party would demand an actual real payment and they would use physical metals for settlement like they always do.  The other side wouldn't want or accept an imaginary, valueless, digital token as collateral for anything.

The most secure store of wealth with the lowest third party dependency and highest censorship resistance in history. Frankly I see transaction fees in the 5-figures of 2019 USD equivalent a few decades in the future.

[Torque]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin and the current banking system do.

Fuck yes they do

If I attempt to spend a bitcoin, I am involuntarily making someone else rich in the process - the designed to centralize, built-in middlemen mining monopoly or lightning node monopoly.  If I attempt to spend a gold, silver, or copper coin, NOBODY else is profiting off my transaction and sucking up all wealth in the universe in the process.

What is the purpose of bitcoin if transaction fees went to $1000?

Try "transacting" in gold or silver across the world for a good or service. Tally up all the usury 'middle men' fees for courier services, vault storage fees, customs fees, armored car services, boat, plane, armed guards, whatever. WELL over $1000+ for a single transaction, even way higher depending on the amount of PM $$$ involved. MANY people are profiting off of your transaction and getting rich. And many points along the path to destination where your PMs can go "missing".

Do you even listen to your own deluded bullshit you spew, r0ach?

[El duderino_]

^
I always have my crew an cutting machinery to prepare my GOLD and SILVER @ anytime
so I have them in all kind of pieces
and I have to transact all over the world WTF is the problem?
didn't you read I make them in all sizes I want and just mail them all over the globe
so what the F*** is your problem man
if you have anything better I'm open for all but I doubt sincerely

[realr0ach]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin

Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction.  There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well.  So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't.

[bitserve]

And what about the spread of PM's.... you buy some gold/silver today and you sell it tomorrow to someone else losing like 20%. And that is in ideal circumstances. WTF?!

I like PM's, they did fill some niche in the recent past, but I don't see them in the future at all or maybe just as a way smaller niche.

[realr0ach]

^Whatever spread you convert fiat dollars to metals with has absolutely zero to do with what I just typed.  Why would you have fiat dollars in the first place?  You're trying to pretend it's somehow a requirement that everyone on earth must willingly subjugate themselves to the debt based, Jewish fiat Ponzi scam.  If you did not, there would be no conversion fee in the first place...because you would already be using metals.  If you did fall for the Jewish fiat scam, then yes, you will probably need to convert over with a one time fee.

[VB1001]

Do not insist more, do not understand that BTCitcoin is not a currency, BTCitcoin is an asset.  

[realr0ach]

Do not insist more, do not understand that BTCitcoin is not a currency, BTCitcoin is an asset.  

It doesn't have the attributes to qualify as money.  It's a currency.  Asset typically refers to things like resources, property/land, a cow, a car, etc.  Bitcoin is not a resource, and it's not a house or land or anything similar.  It does not exist in the real world so it does not fit the classification of asset.  It's just a currency and nothing more.  Why are you trying to confuse people with bullshit?

[El duderino_]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin

Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction.  There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well.  So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't.

if I have a printed code.... with the exact amount of BTC on it
then I could transact just as easy as you with your coin in your hand
.....

[realr0ach]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin

Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction.  There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well.  So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't.

if I have a printed code.... with the exact amount of BTC on it
then I could transact just as easy as you with your coin in your hand
.....

Well, it was a nice try, higher than normal 80 IQ Micgoosen's posts, but sadly an off-chain transaction does not count because the other party has no way to verify that only he has the private key and will not be double spent, so no real settlement has actually taken place.

[El duderino_]

^
its higher as 80,  less then 167

and with my FIAT euro's, dollars I can also pay and receive immediately (BUT WHAT ARE THEY WORTH )

[Torque]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin

Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

I hope your next door neighbor:

1) Likes you enough to even want to transact with you
2) Wants your gold or silver
3) Has proper change for you when you buy 2 eggs from him for a gold coin, or you're fucked
4) Has a warehouse full of Amazon goods (that you need) in his backyard, because the "next door neighbor transaction" scenario is the only fucking example that you hang the hat of your entire argument upon. Your argument falls apart completely when talking about transactions outside of your own "neighborhood", like the next city or state over, or across the world.

[bitserve]

@r0ach

If you had read what I posted in the trolls thread you would already know I absolutely do not care about all those Jewish references. You insist on blaming Jews for everything you think about. It is you who have the problem/obsession. I don't know if it is racism, religion or what.... as I said I don't fucking care.

If you want to refer to the current economic/banking system, that I do know how it works but please stop mixing subjects that have nothing to do. And don't even try to explain me how they do because, again, I don't fucking care if there is any relationship to any specific culture/religion/race/or whatever the Jewish are. No.Fucking.Care.Ok?

And yes, as long as current FIAT system do exist (and I see no reason in the short/middle term future to cease to exist) conversion will be needed for many things. It is you who thinks is living in an utopian world that does not currently exist not have enough prospects of becoming a reality in any reasonably near future.

[El duderino_]

^^
he's always walking with coins



think its very HANDY, what he gets back after transaction are some good old dollars??
maybe physical bronze, aluminium, iron ?

[jbreher]

I can think of at least one strong reason why satoshi would like to sow doubt about his existence.

So in your example of a possible scenario he (Satoshi) would come out and pretend to be a total dick to not be outed properly as a genius?

Or perhaps satoshi is a total dick. I mean, why not?

As I recall, the initial outing was not uttered by CSW.

[ðºÞæ]

And what about the spread of PM's.... you buy some gold/silver today and you sell it tomorrow to someone else losing like 20%. And that is in ideal circumstances. WTF?!

I like PM's, they did fill some niche in the recent past, but I don't see them in the future at all or maybe just as a way smaller niche.

Silver your only real choice is to sell private, ebay or what ever your local website for buy/sell stuff.  A lot of hassle.
Dealer is not an option depending on the tax in the area but you need like a 25% price increase to come out in front.

Gold, most dealers you walk in will pay you 98% of spot price, however recently some dealers have tried to pay only "scrap" price if the coin/bar has not the piece of paper with identical number one the coin/bar with it.
Metals nearing the use-by date. Dumped most, stuck with the Silver. Oh well may come in handy one day (as a doorstop).

[realr0ach]

Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin

Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

I hope your next door neighbor

1) Likes you enough to even want to transact with you
2) Wants your gold or silver
3) Has proper change for you when you buy 2 eggs for a gold coin, or you're fucked
4) Has a warehouse full of Amazon goods (that you need) in his backyard, because the " next door neighbor transaction" scenario is the only fucking example that you hang the hat of your entire argument upon

Nice attempt at derailment, but your argument did nothing to address the fact that there's only two parties in a peer to peer physical metals transaction while bitcoin has 3 or more due to having built-in, rent seeking middlemen (transaction validators).  Your lists of 'ifs' and 'buts' are completely unrelated, extraneous, irrelevant to the topic.