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

[dyask]

Additionally one can take physical delivery of bitcoin in the form of a hardware wallet

Jesus Christ, can you people stop lying for even one minute?  Bitcoin is cloud banking - a virtual breadloaf that you claim to own a slice of.  It CANNOT be removed from this cloud system; you cannot transport it to your house, a safe, your car; it never moves, it always stays in the cloud.  It is not possible to take delivery of a bitcoin.  If it was possible, the act of me deploying a giant mass of ASICs and censoring all transactions except my own would have no effect on you, but it does.

You can't do jack shit because you never had possession of anything.  It's billed as a cooperative system with some sort of Nash equilibrium, but it's nothing more than a dystopian permissioned ledger in practice, ripe for complete govt control since transaction validators/mining warehouses centralize so much and have such easy surface attack vector for govt control and regulation.  

Just about everything concerning the whitepaper was either false from the start or became untrue over time.  For example, it claims bitcoin is a "peer to peer" system for transactions, yet it's not even possible to do a transaction without involving three or more parties in the first place.  The extra parties are the built-in rent seeking middlemen, then the nodes and whole mass of other shit.  I do not consider a system with built-in 3rd parties as "peer to peer". Whereas using physical metals or even a god damned tree branch I can do an actual peer to peer transaction.

Since truth is a foreign concept to you I don't mind you calling me a liar.    I was pointing out that bitcoin possession can be far more tangible than many other forms of wealth in our modern society.    

The rest of you post is mostly nonsense but I think that is clear to anyone intelligent.  

Edit: Since I've been asked not to quote you ... I think I'll just ignore your senseless prattle from here on out. 

[1714473156]

1714473156

[lightfoot]

Please stop quoting Roach.

[rebal15]

Please stop quoting Roach.

No, we need what he knows.
100% pro sucks. 100% is like dictatorship

[dyask]

Please stop quoting Roach.

No, we need what he knows.
100% pro sucks. 100% is like dictatorship

I don't think you have to worry about that.  Roaches are hard to kill.

[Toxic2040]

There was some interest in the antics of my neighbor and his 69 Camaro last year so I will offer an update.

His tech is scheduled for Saturday, it just came out of the garage for the first time this season and laid a solid 80 ft burnout in our alley.

All the cats in the neighborhood are in hiding.

the cat eats better than me

it's not fair to punish her for my bitcoin addiction

noted

+1 WOsMerit

------



Hey..good evening all. Another Tuesday bested.

Welp...I guess 74% is better than 26%...or 0%...but what do I know about these matters.
https://www.bloomberg.com/crypto

In other news there is talk of a cryptocity being developed in the Malacca Straights...possibly explains the unreasonable crackdown on our friends near Phuket even though they are over 450 miles to the north.

https://toshitimes.com/blockchain-city-with-support-from-the-chinese-government-is-being-created-in-malaysia/

------

#dyor
1h


4h


D

#stronghands'19

[HairyMaclairy]

There was some interest in the antics of my neighbor and his 69 Camaro last year so I will offer an update.

His tech is scheduled for Saturday, it just came out of the garage for the first time this season and laid a solid 80 ft burnout in our alley.

All the cats in the neighborhood are in hiding.

Nice. How are the brakes?

[jojo69]

There was some interest in the antics of my neighbor and his 69 Camaro last year so I will offer an update.

His tech is scheduled for Saturday, it just came out of the garage for the first time this season and laid a solid 80 ft burnout in our alley.

All the cats in the neighborhood are in hiding.

Nice. How are the brakes?

Adequate I imagine, all Wilwood aftermarket stuff.

If he goes under 9.50 or over 145MPH in the 1/4 he will have to fit a parachute.

[Phil_S]

Where we're going we don't need brakes.

[Dabs]

There is the Opendime ... that's about as physical as bitcoin gets. (Aside from a sealed paper wallet or equivalent.)

[jojo69]

Where we're going we don't need brakes.

It would appear so, just noticing that we seem to be convincingly above 5300 again.

[jbreher]

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

[Paashaas]

When Bitcoin’s market capitalization grows to the size of Gold’s, 1 BTC will be worth $300,000-$400,000.

This is just gold, Bitcoin can do a lot more that.

[Hueristic]

There was some interest in the antics of my neighbor and his 69 Camaro last year so I will offer an update.

His tech is scheduled for Saturday, it just came out of the garage for the first time this season and laid a solid 80 ft burnout in our alley.

All the cats in the neighborhood are in hiding.

So...

There's this new documentary series entitled 'Money Revealed'. I think I was alerted to this due to my being a customer of Agora Financial (Rickards, Wiggins, Prins, Stockman...).

AAR, while this is a for-profit series, they are teasing out each episode for 24 hours. Today's episode centers on crypto and blockchain.

I'm in the middle of the second interview, which is pretty good. First was Patrick Byrne - who is always great to hear from.

Recommended. Get it before it goes dark tomorrow.

https://moneyrevealed.com/episodes/episode-7-ar3ak0d69n.php

Meh, watched it for 15 minutes and couldn't be bothered. It might be good fo peops that have no clue. I really couldn't care if that kid graduates college or not, just a waste of my time listening to this.

Great, I did everything it said I would. Doh.

[nutildah]

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

>says he's invested in BTC
>takes lame shots at BTC every chance he gets

The more breher speaks, the more I think hes a troll that lives in his mother's basement, and owns no crypto at all. Putting him on ignore. Its the healthiest option at this point. What does he actually contribute of value in terms of conversation? He can't absorb incoming information, only rehash tired rhetoric.

[BTCMILLIONAIRE]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

[DaRude]

Jbreher, when was the last time you even really cared about Bitcoins price movement and not just used this topic to defend Bcash or bsv?

I always care about BTC price movements, as my bags are heavy with it. If there wasn't any upside for me in this advocacy, do you think I'd be taking the continued abuse?

And in point of truth, if you hadn't noticed, my attempts to gain recognition of the flaws within LN -- at the cost of crippled onchain capacity -- have nothing whatsoever to do with BCH nor SV, as neither of these chains suffer from anemic block size caps.

Huh after all these years i figured you just liked the abuse. You mean you sincerely think that BSV is a good idea ?  i am soooo sorry 

[realr0ach]

Additionally one can take physical delivery of bitcoin in the form of a hardware wallet

Jesus Christ, can you people stop lying for even one minute?  Bitcoin is cloud banking - a virtual breadloaf that you claim to own a slice of.  It CANNOT be removed from this cloud system; you cannot transport it to your house, a safe, your car; it never moves, it always stays in the cloud.  It is not possible to take delivery of a bitcoin.  If it was possible, the act of me deploying a giant mass of ASICs and censoring all transactions except my own would have no effect on you, but it does.

You can't do jack shit because you never had possession of anything.  It's billed as a cooperative system with some sort of Nash equilibrium, but it's nothing more than a dystopian permissioned ledger in practice, ripe for complete govt control since transaction validators/mining warehouses centralize so much and have such easy surface attack vector for govt control and regulation.  

Just about everything concerning the whitepaper was either false from the start or became untrue over time.  For example, it claims bitcoin is a "peer to peer" system for transactions, yet it's not even possible to do a transaction without involving three or more parties in the first place.  The extra parties are the built-in rent seeking middlemen, then the nodes and whole mass of other shit.  I do not consider a system with built-in 3rd parties as "peer to peer". Whereas using physical metals or even a god damned tree branch I can do an actual peer to peer transaction.

Since truth is a foreign concept to you I don't mind you calling me a liar.    I was pointing out that bitcoin possession can be far more tangible than many other forms of wealth in our modern society.    

The rest of you post is mostly nonsense but I think that is clear to anyone intelligent.  

What a lying scumbag.

1)  If something doesn't even exist in physical reality, you're obviously not taking "physical possession" of it, so your argument is already retarded out of the gate.  

2)  Bitcoins are nothing more than imaginary timestamps inside a permissioned ledger system.  The so called "coins" themselves don't even exist and it's just a misnomer to intentionally mislead people into believing they're equivalent to real world coinage.

3)  If you actually could take "physical possession" of a bitcoin, then I wouldn't be able to place an embargo on your coin and censor all your transactions just by deploying a bunch of ASICs and blacklisting your funds.  Physical possession implies your so called coin is not encumbered in red tape and you can actually do what you want with it - trading it, giving it away, sticking it up your ass - not trapped inside a permissioned ledger prison system.  

4)  The bitcoin whitepaper PRETENDS transactions are blinded and somehow can't be censored when they're NOT.  It ASSUMES the existence of a Nash equilibrium when it doesn't exist.  It's a permissioned ledger where it's not possible for your coins to ever be unencumbered from 3rd party middlemen because those 3rd party, rent seeking, transaction validator gatekeepers are BUILT-IN.

[BTCMILLIONAIRE]

In other news, Florida illegally attempts to pass law to revoke the 1st amendment and make talking about Jews in any manner illegal:

https://www.watchdog.org/florida/florida-legislature-delivers-anti-semitism-law-for-desantis-to-sign/article_55995e22-6ab3-11e9-945f-6bdcae8a6e70.html

451: Unavailable due to legal reasons

We recognize you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore access cannot be granted at this time. For any issues, contact bhartsell@ilnews.org or call (847) 497-5230.

The EU is a shithole.

End of the day, open WO last page ..... r0ach, r0ach and rebalf*** damn ......

Instant go to HODLsleep

No time for those F***up’s!

Goodnight WO’s and HODL on.

Your mind is so small to undetstand things. Just repeat what others say.

I'm not sure somebody with three merits for 327 posts can speak about intelligence with any authority. There are enough BTC antagonists on this forum for you to get merit from them if you had anything of value to say.

Or in words you can understand: Eat shit retard.

[DaRude]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up and it doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

[BTCMILLIONAIRE]

So Tether, the 100% backed by fiat 100% stable coin that no one can mine because it's SPECIAL is really only 74% backed by assets.

https://www.coindesk.com/tether-lawyer-confirms-stablecoin-74-percent-backed-by-cash-and-equivalents

Man what is it with people? Everyone falls for the infinite temptation of fractional-reserve banking. Everyone seems to just say the best intentions but really be full of 100% USDA horseshit.

Bitcoin is simply not going to succeed because you can't commit fraud with it. If you have a bitcoin you have a bitcoin. If you don't have a bitcoin you simply can't say you have a bitcoin.

Sad that the only thing which will work in this world is fraud.

I don't know how long it will take, but people are very slowly waking up. At least if liberals stop actively decreasing the average IQ by removing all responsibility from citizens in a charade of morals.

Fractional reserve has been working for banks for hundreds of years now, don't see why it can't for Finex. Even knowing what we know now people still hold their money there, it would take 75% of people to withdraw now for them to go belly up think and doesn't look like we're close to that happening, in fact they'd probably be "safe" running at 50% fractional reserve.

To clarify, my post was in reference to the cursive part.

As I see it the real issue is with central banking, over the top tax rates and government wastefulness. Fractional reserve can work if done sensibly and not bailed out by the tax payer. It's no different from debt, which is a highly productive tool.