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

[realr0ach]

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.

From what I noticed trading there when I was awake for like 70 hours straight trading during brexit, it appeared an entity with almost limitless funds kept naked shorting the market, then Brexit occurred and sent the price a lot higher, which they were not expecting.  Then a few days or so after that happened is when they claimed they were "hacked"; when in reality, it appeared to me they were trading with customer funds and the trade went against them so they just stole everything.  Pretty easy for fractional reserve to blow up when anyone who does it always does insane shit like this.

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[VB1001]

This is the historical since the beginning of the thread WO:

+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

This is the historical since the beginning of the thread WO:

+1 WOsMerit. Out of plain sM. Impressive job.
Anyone got a merit to spare here?

yes, merited VB 1001.

Good Morning, WO,s
I am glad that you like the published work, I think it will be a good market indicator in the WO thread.

graphs VB
us illiterates need pictures

jojo69 I have put graphics in the statistics as you suggested, so you can understand without problems.

[hodl_2015]

451: Unavailable due to legal reasons

https://www.usa-proxy.org
Filtering based on IP address is not a legal solution. The law applies also to EU citizens travelling all over the world.

[realr0ach]

451: Unavailable due to legal reasons

https://www.usa-proxy.org

He's a mathematician.  It's a separate field from applied mathematics.

[StartupAnalyst]

Where are we trading from, gentlemen?
DataLight analysts have done some interesting research, look at this.

[realr0ach]

If you're trading from a seastead, what country would that fall under?

[StartupAnalyst]

If you're trading from a seastead, what country would that fall under?

I don't think there are many people like Elwar. But technically, I think it depends on whether you are in neutral waters.

[ivomm]

I am just curious how the sellers/shorters in Bitfinex are feeling these days. The numer and quantity of the shorts positions is high, and the longs are at the lowest since one year at least. Are these people still sane, or completely lost their mind and emotionally lost everything? For me all signs show that this exchange is dying. First, they put customer's money into the hands of Crypto Capital, which did the classic exit scam (the explanations of governments blocking the fiat didn't comfirm so far). Second, any attempt of withdrawing fiat looks doomed. The probability of getting your money after 5-6 weeks of 'pending' is close to 0. Third, just like Bitmain's never to be IPO, Bitfinex is planning IEO - to gather the tethers, provided that they are covered by 75% fiat?!?! And there is a lot more in that exchange that is not right. So, I ask myself the question - what kind of people continue to sell Bitcoins and all the shitcoins for USD/USDT? For me, these people prove once again that they are just addicted to trading and having lost their sound mind a long time ago. Many, many times so far they did exactly the opposite of what the well informed choice will tell. That by the way is the main reason, why the normal people fail with most of their trades. If you are certain that the price will go up/down based on logic, news, qualities of the Bitcoin,... well  exactly the opposite will happen because of these insane people. Their life journey is 'sell to minimize losses' till the end of the world, no matter how big their profit would be if they act by reason and wait to sell at the best time. But for this they need to be educated and have a faith in Bitcoin that it will be at least $6K some day. 3 months ago it looked like it will take forever, but here are we now - almost there. For us, the real investors it is clear that Bitcoin not only will return to $20K, but will go for $100K and beyond. All these weak minds/hands are just a handicap that will be devoured. After all, the profit of the patient and reasonable people must be at the expense of the loss of the weak. That's the way of the jungle and the free market!

[realr0ach]

Pretty good case for US trade deficit to be one of the main causes of hyperinflation and that the initial starting line for the event was August 2014 (assuming the US attempts to keep spending dollars other countries don't want):

https://www.silverdoctors.com/gold/gold-news/hugo-salinas-price-us-govt-thought-it-could-keep-world-from-investing-in-gold-by-suppressing-price/

[alevlaslo]

https://www.reddit.com/r/bitcoincashSV/comments/bjec1e/bsv_is_about_proof_of_work_not_just_in_mining_but/

BSV is about Proof of Work, not just in mining, but in all aspects. Other chains want to change the rules because they know that in time they cannot compete with or outwork the true Bitcoin. BSV is the only blockchain in the arena.


Recently I was thinking about this famous quotation by Theodore Roosevelt , his "Man in the Arena" speech:

"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat."

It makes me think of BitcoinSV. The critics are the ABC and Core losers that never put in work, never attempt, never fail, never try and try again, never fall short, but also never succeed, never triumph, and never change the world. They are the cold and timid souls on the sidelines, the ones with the NO2X hats, happy to strangle Bitcoin and destroy the original vision for a short term pump and dump narrative. They are the Chris Pacia's of the world that tell us 22MB blocks are impossible, and needle us about "6 block reorgs" even though no chain was ever more than 2 blocks behind. They make lies that big blocks will result in complete centralization and spread lies that big blocks take 41 minutes to propagate the network. They tell us about "poison blocks" and that big blocksizes are too dangerous. But BSV marches on and proves the world wrong again and again with world record 128MB blocks mined that dwarf that of any other public blockchain.

Its not perfect, sometimes we fall short, sometimes we err, sometimes we fail, but we learn from those failures, and learn from our mistakes and shortcomings. And we improve, and grow, and become stronger. For there is no effort without shortcomings. There is no improvement without trial and error. And who is even competing against us? The other loser chains are afraid to compete. They are afraid to enter the arena. They cannot compete, and they never could, that is why ABC were so critical of the early stress tests done by the BSV community. The only thing they have is to criticize BSV and Craig on social media, because they are doing nothing, they do not know how to work. The only work they seem to be doing is dedicating 90% of their life to obsessing about BSV and Craig. We now know Greg Maxwell of BlockStream is /u/contrarian__, the main defamation troll cult leader critic of Craig and BSV. When you spend all your work and time on being a critic you are not actually doing work. You are just being a critic on the sidelines, and you are not in the arena. You are attacking someone else's work because you don't know how to do real work. They are shitlord degenerate weirdos that can't even properly groom themselves, exercise, or wash their hoodies or clown shirts in a timely manner. You can smell their laziness from a mile away.

The ShamBitcoins have the illusion of work, while BSV does the real work. BSV does so much work that it gets captured and stolen by the fake Bitcoin chains. They steal the network effect, they steal the market cap, they steal the brand, they steal the merchants, they steal the ticker, they steal the subreddits that people like me and others worked hard to build, they steal our following, they steal the fiat onramps and exchanges. That is all they can do. All they know how to do is steal things and then try to rest on their laurels. This is why so many of them prefer POS, so they can become the oligarchs of the system.

It is the same in BTC-Core's Lightning, Jihan/ABC's Avalanche/POS plans, and ETH's plans for POS. These are all forms of POS and rent seeking, where the systems degrade into oligarchy. The oligarchs don't want to work, they don't want POW. BSV on the other hand is entirely about POW, and putting in work, in all aspects. We just march on and continue building and competing. The parasites are on our back sucking our blood and weakening us, but the honey badger continues on. The subreddit continues here, the chain continues with 128MB and 2GB in July, the building and infrastructure continues with moneybutton and unwriter's tools, and large op-return data sizes, and metanet. Parasites freak out and try to delist us because they realize the day of reckoning is approaching. They know in their gut they have stolen everything they ever had. The ShamBitcoin chains are dying, literally. When the reward halving runs out their chains will lose all of their hashing security. BSV is the only ledger that will persist because it can actually generate utility and fees on its gigantic blocksizes. The critics know they cannot compete on work, so they seek to change the rules of the game.

BSV is learning to swim on its own, exercising its mining muscles. We get stronger every day. We have mined world record 128MB blocks. While the other chains mining muscles are atrophied. They couldn't mine bigger blocks if they tried. They are wearing swim floaties on their skinny arms that lose half of their air every 4 years. Core and the Blue Matt are even giving presentations about how mining is bad and we need to get rid of mining altogether because they know they have already failed. Peter Todd is advocating inflation. They have failed to put in the work needed to scale.

So yes we are the ones in the arena, our faces marred with dust and sweat and blood. We are the ones working. We strive valiantly, and if we fail, at least we fail while daring greatly. At least we pushed the limits of what is possible, at least we were not cowards that lay down and give up, or try to steal others work and rest on their laurels. At least we were not just troll critics on the sideline who can only point out where the strong man stumbles. We in BSV at times may experience shortfalls, but we also are able to achieve great triumphs, for you can't have the latter without the former. So remember it is not the critics that count, and its not the trolls that count. Its us that count. We are the irate tireless minority that stands up for what is right. We are the ones that preserve Bitcoin for future generations. BSV is about changing the world, and if you want to change the world you better get off the sidelines and get in the arena.

[Globb0]

Snip nice graphs,

I just realised looking at that I BTFD     

[DaRude]

**blah blah blah lol BSV blah blah***

WTF is this, roach you finally found your calling, go get him, do us all a favor and troll him to death?

Welcome to my ignore list

[BTCMILLIONAIRE]

Capitalism just works.

Here is the obvious answer to censorship:

https://www.cnbc.com/2019/04/30/youtube-algorithm-changes-negatively-impact-google-ad-revenue.html


What opponents of capitalism don't understand is that it is essentially a global voting mechanism. It's the closest we have ever gotten to democracy.

[VB1001]

https://twitter.com/CobraBitcoin/status/1123245675012087808

Ok, received message, HODL and Buy more.

[Globb0]

The ShamBitcoins have the illusion of work, while BSV does the real work. BSV does so much work that it gets captured and stolen by the fake Bitcoin chains. They steal the network effect, they steal the market cap, they steal the brand

[VB1001]

[DoublerHunter]

 ^HODL and prepare for the next halving

[AlcoHoDL]

^^^
WTF is all this BSV crap?

First we had BCH (a.k.a. Bcash LOL), with its lunatic "CEO", self-proclaimed pirate Rick Falkvinge (aye aye, captain!), and his "Letter from the CEO". For those who still haven't read this, I urge you to read it for a good laugh!



Supporters of this shitcoin include Jihan Wu, pictured below, together with his most famous quote, indicative of his deep wisdom and conviction to this project...



Another important and deeply influential supporter is Roger Ver, pictured below when challenged about Bcash. Arguably, his best performance to date:



Now we have BSV (Bitcoin "Satoshi's Vision"), with its lunatic Satoshi-wannabe Craig S. Wright... Pictured below, with his "trademark - patent pending" characteristic slanted mouth look. This guy means business, so don't you dare smile like that, or he will sue the hell out of you!



Not to mention the pedophile pervert Calvin Ayre, actively promoting and using his gambling earnings to support all of the above. Pictured below with his "colleagues", hard at work on the BSV protocol.



And what do the supporters of the above shitcoins do? Instead of starting their own threads, they come here to the WO thread and unload all their crap on us. They endlessly talk about scaling, and how the current block size is too small, failing to understand and accept that when the need comes, BTC's block size will be increased, and it will be done in a well-organised, carefully-planned and thoroughly-tested way. And the "need" is certainly not 2017's wave of spam attacks that were organised by some of the delusional characters above.

Add to this the PM-supporting cockr0ach, with his endless Nazi talking and ad infinitum repetitions of terms like Nash Equilibrium, Schelling Point, Exter's Pyramid etc. etc. You don't have to see who's posting, you can tell it's him, because he repeats the same stuff over and over. Even The Daily Stormer (his favourite news source) is accepting donations only in cryptocurrencies (BTC and Monero). Hey r0ach, you'd better write to Andrew Anglin and teach him about how evil BTC is (Schelling point, Nash equilibrium and all...) and ask him to accept donations in gold and silver. Well, he will have to disclose his postal address for this, so that's a bit of an issue, but hey...

It's coming to you guys... (Not so) slowly but surely...

[Paashaas]

**blah blah blah lol BSV blah blah***

WTF is this, roach you finally found your calling, go get him, do us all a favor and troll him to death?

Welcome to my ignore list

It cost only around $6500 to create havoc on the BSV chain.

For bigblockers security is not so important

[Last of the V8s]

https://medium.com/@estebanrodriguez_29033/is-okex-scamming-their-users-and-loosing-their-transactions-16fea8505ecf

Okex is completely shoddy and probably selective-scamming its 'valued' customers.

Guess Star Xu needs some monies to buy up the finex IEO