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

[cAPSLOCK]

I gotta say... this would be an unbiased poll.  Not here... not Twitter.  Shows the "support" for CSW and BSV clearly.

This is the button right after the "We are delisting' article on the Binance site:

[BTCMILLIONAIRE]

probably everyone will know this ...

And the explaining why you should change the pick...

But still like the reasoning of it

https://en.wikipedia.org/wiki/Monty_Hall_problem

The real answer is a triple rail drift.

Edit:

But still like the reasoning of it

What if I'm looking to eliminate the maximum amount of people, because this planet is being raped of its resources ? Are you saying I should keep my original position, and not flip the switch ? Or should I flip the switch, which will lead to my goal of eliminating the most number of people

Edit: RE: Poll, I blew the last one voting for $4,200, but was happy to be wrong with having us blast to $5k. Voted "No" in the current poll. Feel it is likely we won't ever see it dropping below $3k. Touching the $3k's ? Maybe, but gut bacteria says the $3,000's are behind us.

Resources are energy and energy is unlimited. We just need to stop being such fucking retards and git gud.


Edit2:

I saw a video where the father recreated the problem with toys for his son. The kid only hesitated for a second, then moved one little guy next to other five, and rammed the toy train over all six. Makes sense.

I need that video.

[crypmike]

indeed

[cAPSLOCK]

indeed

Not sure this argument has the same validity as of 53 minutes ago.

I am not here to defend CZ, and I do not use Binance.  But I would expect many here would cheer him on for being the one large (semi reputable) site that actually does not lick the boots of the state.

That said business is business.  And who is he to judge what "coin" someone wants to buy.  And delisting a coin will have political repercussions including threatening letters signed by 5 year old with crayon possibly.

But he made a fairly swift decision IMHO.

[Torque]

Satoshi clearly knew and understood that because Bitcoin is open source and anyone can clone or fork Bitcoin, and anyone can create unlimited number of new coins at will, then the dominance of one form of digital open source money/Gold 2.0 would be decided in the court of public opinion. Not through censorship of Bitcoin's competitors.

So it all comes down to belief/popularity contest of what form of open source digital money should be dominant, with participants basing reason to purchase and use based on sum total of philosophy/moral/ethical/guiding principles, intent of dev team, attributes (security, decentralization, etc., etc.), and growth through usage (via popularity with exchanges, brokers, users, merchants, investors, etc).

And yes BSV is a scam and Craig Wright is a fraud. But that is for the public to decide.

[Febo]

https://www.youtube.com/watch?v=26LDWnM7qe4

6:55

Craig claims that Bitcoin was not created to fix "the system", while Satoshi created Bitcoin as a reaction to the 2008 financial crisis.

His quote: "That's [debt and the debt crisis] not what Bitcoin helps with."

Every other time he opens his mouth he directly contradicts Satoshi.

He fails to understand that once we will use currency that price will keep increasing in time taking debt will be extremely unpopular. There will be also little interest for people to offer debts. 

[cAPSLOCK]

Satoshi clearly knew and understood that because Bitcoin is open source and anyone can clone or fork Bitcoin, and anyone can create unlimited number of new coins at will, then the dominance of one form of digital open source money/Gold 2.0 would be decided in the court of public opinion. Not through censorship of Bitcoin's competitors.

So it all comes down to belief/popularity contest of what form of open source digital money should be dominant, with participants basing reason to purchase and use based on sum total of philosophy/moral/ethical/guiding principles, intent of dev team, attributes (security, decentralization, etc., etc.), and growth through usage (via popularity with exchanges, brokers, users, merchants, investors, etc).

And yes BSV is a scam and Craig Wright is a fraud. But that is for the public to decide.

I like your reasoned position.  Probably because I agree with it entirely.

Aire and Wright are taking a shot at being the new Rothschilds.  Aire is a gambler and Wright is a pathological liar.  For a while I almost began to wonder if one of them is the Antichrist.  They will not be the last to try.  This is a chance to run the world.  Thing is, the popularity contest, as I see it has an entrant that is not/can not be controlled by anyone and is going to win after it eviscerates everyone like CSW who comes after it.

One dark question I feel we face now is:  How much of a whale are either or both of these guys.  BTC whale that is.  Have they already done as much damage to BTC in their bid to pump BSV or will they do more?  The absolute NIGHTMARE scenario is CSW somehow got control over early keys.  But then... why no real proof?

[jojo69]

hurr durr

[fillippone]

Yet another Endowment fund invest in cryptocurrencies.


Harvard is Latest Major Institutional Investor in Cryptocurrency

https://insidebitcoins.com/news/harvard-is-latest-major-institutional-investor-in-cryptocurrency/220868


Executive Summary:
The investment was in a company called Blockcstack which sold 95.8 million Blockstack Tokens to Harvard Management along with two other investors. While Harvard’s share of the tokens is less than five million it does represent a significant institutional invest directly in blockchain tokens that are not traded openly in the way Ethereum, Bitcoin and XRP are.

Well, i have two considerations.

• 1. How comes a reputed institution, where the sharpest mind are nurtured, decides to invest in something that is borderline with Scam?
   
• 2. How comes an Endowment fund are so rich? Tuition fees are reinvested in the school or are meant to grow this mass of money that need to be put at work outside "the campus" . I am not from the U.S. s, so this puzzles me about the US educational system. If an endowment fund has 1% of all the bitcoin ever mined (quick back of the envelope calculations convert that in 1 Billion USD), whw students are gathering piles of debt to pay that?
  

Turns out that 94% of endowments funds are invested in crypto:
https://www.ccn.com/shock-survey-94-of-endowments-already-invested-in-crypto-industry

[BitcoinGirl.Club]

Good afternoon WO brothers!
BTC @ $5,138 and we are doing well I think.

[Searing]

Neither Nadia nor I are suicidal. We would never in our wildest dreams commit suicide.

fuck me

he is worried they are going to assassinate him

Time to get back to America as soon as humanly possible.

Ditto...time to punt....make it a houseboat on some more a more hospitable country...any other country would be fine

with such a 'houseboat type' community of bitcoin whales...get what slack you can from someplace else. IMHO.

Also, always the problem with 'security'. There are pirates in those waters...may also make sense to make this more

a houseboat community in a cove of a friendly country then go it alone at this point..anyway I know squat and would be chicken

so my play.

[jbreher]

France Passes Bill to Allow Insurance Providers to Invest In Crypto & Tokens

Known as “Plan d’action pour la croissance et la transformation des entreprises,” (Pacte) the act reportedly allows insurance providers in France to invest in cryptocurrencies such as Bitcoin (BTC) with no limit on the amount of investment.

According FXStreet, a dual provision of the act enables insurers to invest in crypto through specialized professional funds, and allows them to offer life insurance policies exposed to crypto. The new measure will also impact professional capital investment funds.

Insurance endowments in crypto in unlimited quantity. Things that make you go 'hmmm'.

[BTCMILLIONAIRE]

https://www.youtube.com/watch?v=26LDWnM7qe4

6:55

Craig claims that Bitcoin was not created to fix "the system", while Satoshi created Bitcoin as a reaction to the 2008 financial crisis.

His quote: "That's [debt and the debt crisis] not what Bitcoin helps with."

Every other time he opens his mouth he directly contradicts Satoshi.

He fails to understand that once we will use currency that price will keep increasing in time taking debt will be extremely unpopular. There will be also little interest for people to offer debts. 

I don't think that debt will disappear and I don't think debt is inherently a problem. Out of control debt and bailouts at tax payers' expense are the issue. There is and always will be need and use for debt though.

[jojo69]

Fuck it would be cheaper and easier to move to a rural town in the US, fuckers there with well under a million don't have to follow the laws anyways.

It's not that he doesn't want to follow the laws.  That's the thing about laws; good people don't need them, bad people don't follow them.

Elwar is an idealist, it is the principle of the thing, not that he wants to set up a CP server or some shit.

[BTCMILLIONAIRE]

Satoshi clearly knew and understood that because Bitcoin is open source and anyone can clone or fork Bitcoin, and anyone can create unlimited number of new coins at will, then the dominance of one form of digital open source money/Gold 2.0 would be decided in the court of public opinion. Not through censorship of Bitcoin's competitors.

So it all comes down to belief/popularity contest of what form of open source digital money should be dominant, with participants basing reason to purchase and use based on sum total of philosophy/moral/ethical/guiding principles, intent of dev team, attributes (security, decentralization, etc., etc.), and growth through usage (via popularity with exchanges, brokers, users, merchants, investors, etc).

And yes BSV is a scam and Craig Wright is a fraud. But that is for the public to decide.

I like your reasoned position.  Probably because I agree with it entirely.

Aire and Wright are taking a shot at being the new Rothschilds.  Aire is a gambler and Wright is a pathological liar.  For a while I almost began to wonder if one of them is the Antichrist.  They will not be the last to try.  This is a chance to run the world.  Thing is, the popularity contest, as I see it has an entrant that is not/can not be controlled by anyone and is going to win after it eviscerates everyone like CSW who comes after it.

One dark question I feel we face now is:  How much of a whale are either or both of these guys.  BTC whale that is.  Have they already done as much damage to BTC in their bid to pump BSV or will they do more?  The absolute NIGHTMARE scenario is CSW somehow got control over early keys.  But then... why no real proof?

If Hal was Satoshi and if CSW was sufficiently involved with him early on there could be a chance that the claim about some "trust fund" for the genesis key is true. And in that case CSW could potentially gain access to it. But even if that was the case then either the majority would assume that Hal was Satoshi and CSW somehow got access due to "being there at the right time" or nobody would care.

Even if God himself descended and told me that CSW was Satoshi (and not in some non-duality kind of way) I wouldn't give a shit at this point. I refuse to play with someone like CSW unless it's my last option to function in this world. And I doubt I'm the only one given the stunts he's pulled.

I'm agnostic enough to give Roger a pass if the majority decided to go BABC since he denounced CSW, but CSW is just hard pass. I wouldn't be surprised if he started sending people to the Gulag if he could and I absolutely refuse to contribute even on a Planck scale to the reincarnation of humanity's biggest evils - which with the potential of BTC is a very real possibility.

[gentlemand]

https://twitter.com/krakenfx/status/1117828361269571586

Guess I'd better get my skates on and buy more TVs and stuff.

[jbreher]

I'm just going to leave this here :

Seasteader in legal troubles, platform to be removed......

https://www.bangkokpost.com/news/general/1661300/seastead-couple-in-crosshairs

Edit: He's possibly in very big trouble here if they proceed with the charges as mentioned.

Highly unfortunate development. I thought Elwar had tacit approval or acquiescence for the seastead. I wonder where the disconnect is.

i think he was counting on "flying under the radar" on this one.  might be wrong though. definitely sucks but without some sort of formal agreement in place it was bound to happen sooner or later.

easy enough to tow to top unit somewhere else but the spar would be harder. might be easier to just sink it. coral will grow on it (already has some i believe) and its just another part of the seabed ecology at that point, so it not pollution. i believe they would have to notify some authority or other that they sunk it with the details of what it is, where etc.

anyway hes proved the point that can be done. not many can say that abount a whole new tech. pioneers always expect setbacks. im sure elwar will take it in stride and move on.

that penalty. man. doesnt leave much room for negotiation does it. gotta look up that law, im sure its so draconian for a reason, at least back then when it was passed.

stay safe elwar! looking forward to updates.

I don't think they can kill or imprison him without fear of America stepping in. He was wanting to have a peaceful retirement but those corrupt countries wouldn't allow that.

Yeah, I dunno. I could see the state dept sitting this one out on 'challenge to any state authority' grounds. It's not going to be high profile stateside, so they can probably take a flyer without any public notice.

[mdayonliner]

All those days I thought BSV and BCHSV are two separate shitcoins before today I figured out that Kucoin calls it BCHSV. It's confusing.

Anyway, I used to have this shit bought sometimes in the last year January (that time BCH) and sold them all today with over 60% loss I guess.

[mdayonliner]

I bet Craig's having a bit of a panic, I wonder if he's dumping some too.

Let's wait and see where Mr. Craig version's of BitShitcoin stops LOL

Another bbbbbbbbbbiiiiiiiiiiiiiiiiiiittttttttttttttttttccccccccccccccccccccoooooooooooo ooooooooonnnnnnnnnnnnnnnnnneeeeeeeeeeeeeeeecccccccccccccccccccctttttttttttttt?

[mdayonliner]

All those days I thought BSV and BCHSV are two separate shitcoins before today I figured out that Kucoin calls it BCHSV. It's confusing.

Anyway, I used to have this shit bought sometimes in the last year January (that time BCH) and sold them all today with over 60% loss I guess.

Official, it was 62.187% loss LOL