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

[JayJuanGee]

Shitcoins were already anticipated by satoshi, especially in terms of their attempt to imitate, copy and take over, and even if satoshi did not spell out every possible way that shitcoins would be employed as attack vectors

Shitty JayJuanGee argument appeal to authority that bitcoin was created by God himself, is perfect in every manner, can't die even though it uses a completely arbitrary design with no objectively good traits, and can't be inferior or useless to something someone else creates because it was in fact made by God.  I've noticed just about every dumb JayJuanGee argument uses this false supposition.  

Looks like you don't even understand the concept of appeal to authority - because I have not done so in the reference posts or any other posts.  All I had been suggesting in my earlier post was that satoshi already accounted for shitcoin copy cats.. so we neither have a surprise here nor a lack of a btc schelling point that you were lamely attempting to argue.

I use the term "God" metaphorically here, but using batshit stupid JayJuanGee logic, physical metals were in fact created by "God" and thus have to be perfect,

I am not saying anything like that about PMs, you fucking diptwat.  First this thread is about bitcoin, so PMs are only secondarily relevant, if at all, when you are attempting to make a connection. Second, you have been trying to irrelevantly make such PM pump, so you are the one who has the burden to show that PMs are going to be a good hedge in the future. I don't have any such burden to show PMs are bad, and I am not attempting to make such an argument with any kind of conviction - even though I have asserted that it is likely that there is no reason to hold them as a hedge against the dollar and various dollar shenanigans when bitcoin largely seems to supplanted such necessity.  I personally hold zero PMs, but I could see reasonably that some folks, even BTC holders might want to hold 1% to 5% of their holdings in PMs - but like I said, BTC already serves such dollar hedging purpose, so seems a bit like a BIG ASS waste of effort to be trying to secure, store and lug around such PM assets when BTC is superior in several ways.. especially in terms of its portability, sever-ability, cost of storage/secure transfer and verification of authenticity.

while Satoshi is obviously a false god and not a real one - a deceiver. So, metals therefore are the real perfect creation and all digital shitcoins are the altcoin scam.

That is some real gobbledy-gook that you spouted out there, and does not even seem worthy of a response except to reiterate that your lame attempt at putting forth a religious narrative theme is quite in left field.... and you might want to reign in your phony baloney a little bit, otherwise your handlers might not want to pay you for your ongoing troll/shill efforts.

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[BitcoinGirl.Club]

Good evening WO.
Having really busy real life but still find some time to check bitcointalk and wo obviously.

[Last of the V8s]

@austorms
Roses are red
Violets are blue
CSW’s a fraud
Vitalik is too

[JayJuanGee]

This letter is an official statement from the Trezor team about the recent phishing attacks.

https://blog.trezor.io/a-message-for-our-community-about-recent-phishing-attacks-b6fc77fdb0b6

I noticed that they list authorized resellers, and even though the list is decently long, such list of authorized resellers does limit the suggested locations in order to feel a decent level of confidence in the security of the product that you get.

A surprising thing about security, an attacker could wait several years before executing the attack.... 

I hate the fact that some products might be more expensive when they have to go through official channels, but in the cas of storing bitcoin value, it could be well worth the extra 20%... so instead of paying $100 in a more open market, you may have to pay $120 in order to go through a recommended dealer.. something like that. 

I actually had an incident with one of my phones that I bought used, and later, I was thinking that it just might not be worth it to get my phone through an unauthorized channel, even though I may have to pay double.  Kind of sucks, but security is important in a world that hackers have such a considerably great incentive to get into your stuff and make irreversible transactions (costs of being your own bank are not low).

[kenzawak]

Bitcoin daily average block size hits a new all time high of 1.3MB
https://www.longhash.com/news/bitcoin-blocks-reach-alltime-high-of-13-mb



"Bitcoin’s daily average block size made a new all time high recently at 1.3 MB per block. This is made possible by certain BTC scaling solutions like SegWit, as well as continued demand for the network.

Just three months ago, Bitcoin blocks were only 1.2 MB in size, and six months ago Bitcoin blocks were 1.1 MB in size. With SegWit adoption recently hitting all-time highs, Bitcoin is continuing to accommodate more transactions while keeping network fees near all-time lows.

Continued efficiency in packaging on-chain transactions is only one of Bitcoin’s recent accomplishments. Off-chain transactions on Lightning Network are also continuing to grow rapidly, as Lightning Network development begins to bear fruit in the form of early consumer applications and games.

The recent release of Satoshi.Games and the pre-alpha launch of the Lightning Labs mobile application are both positive signs for Bitcoin scaling and adoption."

[alevlaslo]

[Torque]

https://twitter.com/ProfFaustus/status/1096018468858667008
Hey JP Morgan... Patent 32. DFAs Oh, you did not check? I have patents on what you want to do. Have a nice life.

{*scammer battle intensifies*}

Fucking hell, CW is a total & utter loser. He should have been splattered on his Mum’s face.

Claims to have "several hundred" crypto patents. Lol.

[kingcolex]

Bitcoin daily average block size hits a new all time high of 1.3MB
https://www.longhash.com/news/bitcoin-blocks-reach-alltime-high-of-13-mb



"Bitcoin’s daily average block size made a new all time high recently at 1.3 MB per block. This is made possible by certain BTC scaling solutions like SegWit, as well as continued demand for the network.

Just three months ago, Bitcoin blocks were only 1.2 MB in size, and six months ago Bitcoin blocks were 1.1 MB in size. With SegWit adoption recently hitting all-time highs, Bitcoin is continuing to accommodate more transactions while keeping network fees near all-time lows.

Continued efficiency in packaging on-chain transactions is only one of Bitcoin’s recent accomplishments. Off-chain transactions on Lightning Network are also continuing to grow rapidly, as Lightning Network development begins to bear fruit in the form of early consumer applications and games.

The recent release of Satoshi.Games and the pre-alpha launch of the Lightning Labs mobile application are both positive signs for Bitcoin scaling and adoption."

Well people using the damn thing is just about the best news we could have.

[kingcolex]

https://twitter.com/ProfFaustus/status/1096018468858667008
Hey JP Morgan... Patent 32. DFAs Oh, you did not check? I have patents on what you want to do. Have a nice life.

{*scammer battle intensifies*}

Fucking hell, CW is a total & utter loser. He should have been splattered on his Mum’s face.

Claims to have "several hundred" crypto patents. Lol.

Yeah could you imagine if csw was Satoshi, it would have been closed source and a monthly fee to use.

[JayJuanGee]

Do you really think Trump is going to get on TV and say, "Hey guys, the banking system just imploded and instead of reverting back to gold and silver as normal, I think we'll just go with this fly by night scam called bitcoin instead".  Do you really think that's going to happen? 

Do you really think that bitcoin, or even I when it comes to me thoughts about bitcoin, give(s) a ratt's ass about Trump? and what he says or does not say?

Aha finally a chance to respond without violating Roaches law.

This. Hang onto your worthless dollar bills if you want. Bitcoin wont care.

Hhahahahahaha

Let's see.  There is less than 1% world wide BTC adoption.  Maybe 10% of the nocoiners are purposefully not taking a stake into bitcoin because they are either afraid or they believe it will not succeed?  I would suggest that 90% of the nocoiners do not know about bitcoin or they are superficially informed about it (which is the same as not knowing).

True dat... Bitcoin does not care how long it takes the various nocoiners to either become sufficiently informed about bitcoin or to take some kind of investment action into it, but the next 8 to 10 years are going to be interesting to see whether bitcoin gets to a point of approximately 5% of world adoption or more, for example... which could cause a bit of cascading of conversion into bitcoin thereafter.. perhaps?  perhaps?  Whether such levels of increased adoption happens or not, bitcoin does not care.         

[JSRAW]

You are one artsy guy. Have fun selling your art once erecoin goes live! You are actually making me want to learn 3d modeling.

Thanks bro, your kind words means a lot to me. Its most significant achievement for any artist.

Sure thing, Whenever your platform goes live then I would be first to send data.


@StartupAnalyst : My bad, thanks for pointing out.  I deleted the pic from that link when it was giving me hard time and forget to edit the post.

Dead link removed now.

[jbreher]

News about Bitmain's other major product line. Diversification. Hunh? This is courtesy of the Linley Report.

Bitmain SoC Brings AI to the Edge
By Bob Wheeler
 
With the Bitcoin-mining gold rush over, mining-ASIC firms must reinvent themselves. For leader Bitmain, that means building an AI business while continuing to invest in mining ASICs. After developing two neural-network-accelerator chips under the Sophon brand, the company in 4Q18 shipped its first SoC designed for edge systems. The Sophon BM1880 can function as a standalone SoC, or it can serve as a low-power coprocessor. Bitmain offers several low-cost developer kits using the chip, including a USB stick.
 
The BM1880 comprises multiple CPUs along with a tensor processing unit (TPU) and video engine. Dual Arm Cortex-A53 CPUs handle application code while a single RISC-V CPU performs real-time duties. Bitmain rates the TPU, which includes 2MB of SRAM, at one trillion operations per second (TOPS) for 8-bit-integer (INT8) data. Designed for surveillance cameras, the video engine can decode two 1080p H.264 streams. The chip provides numerous I/O interfaces for memory, host, camera, and audio connections. Packaged in a 14mm FCBGA, the BM1880 dissipates 2.5W (typical) using a 28nm process.
 
The BM1880 competes with Intel's Movidius Myriad X processor, which targets the same vision-processing applications, offers similar AI performance, and dissipates the same power. Myriad X differs, however, by handling raw video from up to eight MIPI camera interfaces, whereas the BM1880 handles streams from USB-video-class (UVC) cameras. Technical merits may prove secondary, however; China is the largest market for surveillance cameras and Chinese OEMs may prefer a domestic chip supplier.
 
Microprocessor Report subscribers can access the full article:
https://www.linleygroup.com/mpr/article.php?id=12098
 

[JayJuanGee]

On this most special of Thursdays, I wanted to say "Wordy-man, go fuck yourself. No lube buddy "

Thanks for thinking of me on this "most special" day..

Shucks.

[El duderino_]

WAR is on BTC

[BitcoinGirl.Club]

^^
Have fun I am off today.

[mindrust]

Let's see.  There is less than 1% world wide BTC adoption.  Maybe 10% of the nocoiners are purposefully not taking a stake into bitcoin because they are either afraid or they believe it will not succeed?  I would suggest that 90% of the nocoiners do not know about bitcoin or they are superficially informed about it (which is the same as not knowing).

Most of nocoiners believe they already missed the train and it is irrational to enter now. (just like they thought in 2015 and 2013.) They are obsessed with gold and silver. Sometimes I really suspect that they are the people that Anunnaki cursed with searching gold forever. I can't find any explanation to their obsession.


It is fine to own %5-10 gold but even if gold succeeds, I mean how much can it go? $5k? And if gold ever hits $5k, what usability does it offer? I'll tell you, It has none. None in this digital age. It is not mobile, it can be counterfeited, it is physical (means can be stolen and you need physical space to store them) etc...

Gold is done.

Sure it will always have some value but we will never go back to the medieval ages... Unless a world war comes up , and even so, gold's chances of being the world currency is zero. That's because the internet will always be around. Either WWIII happens or not.

[VB1001]

This letter is an official statement from the Trezor team about the recent phishing attacks.

https://blog.trezor.io/a-message-for-our-community-about-recent-phishing-attacks-b6fc77fdb0b6

I noticed that they list authorized resellers, and even though the list is decently long, such list of authorized resellers does limit the suggested locations in order to feel a decent level of confidence in the security of the product that you get.

A surprising thing about security, an attacker could wait several years before executing the attack.... 

I hate the fact that some products might be more expensive when they have to go through official channels, but in the cas of storing bitcoin value, it could be well worth the extra 20%... so instead of paying $100 in a more open market, you may have to pay $120 in order to go through a recommended dealer.. something like that. 

I actually had an incident with one of my phones that I bought used, and later, I was thinking that it just might not be worth it to get my phone through an unauthorized channel, even though I may have to pay double.  Kind of sucks, but security is important in a world that hackers have such a considerably great incentive to get into your stuff and make irreversible transactions (costs of being your own bank are not low).

If it is to buy, it is better to do it in the official store, even if it is more expensive, but it is safer, mainly with wallets.

[LFC_Bitcoin]

On this most special of Thursdays, I wanted to say "Wordy-man, go fuck yourself. No lube buddy "

Thanks for thinking of me on this "most special" day..

Shucks.

‘The year is 2024, bitcoin is valued at $254,000 per coin. Bob wakes & rubs his tired, weary eyes. The sun shines through the windows of Bob’s $16,000,000 beach view mansion. Bob rolls over & cuddles his man from behind, his lover JayJuanGee holds Bob’s hand & they smile, happy & content with life’.



The sexual tension between you two is increasing

[jbreher]

https://twitter.com/ProfFaustus/status/1096018468858667008
Hey JP Morgan... Patent 32. DFAs Oh, you did not check? I have patents on what you want to do. Have a nice life.

{*scammer battle intensifies*}

I think I hear Alanis warming up again.

[Raja_MBZ]

Heh...

Just published in The New York Times:

In 2017, Jamie Dimon, JPMorgan Chase’s chief executive, declared bitcoin a “fraud” and said any employee caught trading it would be fired for being “stupid.”

Maybe it’s not so stupid anymore.

https://www.nytimes.com/2019/02/14/business/dealbook/jpmorgan-cryptocurrency.html