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

[Last of the V8s]

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=lyTOWUVaDHJdfUfkNZePWg==&system=prod

Quick Take

    Bitfinex and Tether moved to vacate the ex parte order “because it was issued based on incomplete or incorrect facts and the wrong legal standard”
    Bitfinex and Tether argue that issuing the “there was no ongoing fraud, and no “victims” in need of the drastic remedy of an injunction to protect them”
    They argue that NYAG first needs to establish the basis for its authority “to even regulate in this sphere” and require Tether and Bitfinex to “address blunderbuss document demands”

^
https://www.theblockcrypto.com/2019/05/06/bitfinex-and-tether-respond-to-nyag-saying-that-there-is-no-ongoing-fraud-and-no-victims/

What's really interesting to me here: 1. They conveniently leave out that they changed their website quietly to include that its reserves could consist of loans to affiliates 2. Tether doesn't mention that they lied about being 100% backed by USD for several months

[realr0ach]

Bitcoin is not a permissioned ledger.

Of course it is.  Any non-fungible token where transactions aren't blinded and transaction validators are allowed to arbitrarly tamper with transactions is.  It doesn't matter if there's a thousand transaction validators and only one of them blacklists you, the simple fact that all of them CAN blacklist you at any moment is what determines it's classification.  

But in the case of bitcoin, the number of transaction validators is designed to centralize so much there will likely only ever be between 1 to 10 or so that actually matter at any given time.  That extreme centralization characteristic allows RETARDEDLY EASY full spectrum control of it by governments and other (((cartels))) to use it as the ultimate dystopian cashless society slavery system such as Aaron Russo warned about.

[BTCMILLIONAIRE]

Im keen to try (to make maybe) a folded omelette.

Looked good.

They're very much hit or miss for me. They're never bad, but they're often very lightly seasoned and sweetish. But the ones that are seasoned well are sublime.

There's a meme going around Japan that states that you can tell the quality of a sushi joint by tasting its omelette sushi. And to my surprise, it's spot on. I guess the level of care and attention to detail put into making the perfect omelette translates directly into top-tier sushi.

Anyway, they're fiddly to make. Especially without a square pan.

Bitcoin is not a permissioned ledger.

the simple fact that all of them CAN blacklist you at any moment is what determines it's classification.  

No, they can not.

But in the case of bitcoin, the number of transaction validators is designed to centralize so much there will likely only ever be between 1 to 10

Wrong.

https://www.courtlistener.com/docket/6309656/166/kleiman-v-wright/

That is basically telling CSW to fuck off you illiterate twit.

[realr0ach]

Bitcoin is not a permissioned ledger.

the simple fact that all of them CAN blacklist you at any moment is what determines it's classification.  

No, they can not.

What planet are you living on?  Transaction validators can blacklist whoever they want.  Even digital shitcoin shills like Adam Back & Gmaxwell know non-fungible tokens are complete garbage.  The only way to make it so bitcoin is not guaranteed to be a complete dystopia is either make all tokens fungible so transaction validators can either block all or none without being selective as to who to target or politically persecute, or to raise the number of transaction validators so high that it's not possible for them to collude or for blacklists to have any effect.  Imagine trying to spend bitcoins as Julian Assange once your wallets are tagged.  It's a complete joke of a system.

To increase transaction validators to an acceptable level, you would need to use something like unprofitable PoW where everyone processes their own transactions, but unprofitable PoW is an unworkable system that requires artificial convergence, so it's really not possible to create a decentralized digital currency at all.  Your second best option is to simply make all transactions blinded (fungible tokens), that way when transaction validators centralize, there's at least some limit on the power they can abuse.  But creating real fungible tokens is probably also not possible without introducing even more showstoppers.  Neither Zcash or Monero do it very well since Monero is just light plausible deniability and Zcash has far too many drawbacks.

[Last of the V8s]

Fidelity to trade crypto for institutional clients “within a few weeks”
May 6, 2019, 5:41AM EDT

Fidelity, the massive Wall Street brokerage firm, is gearing up to trade crypto on behalf of its large institutional clients "within a few weeks," according to a report by Bloomberg.

Readers might recall that Fidelity's custody business for bitcoin has been up-and-running for the past couple of months. Now the firm will help those same clients trade in the nascent digital currency market — a service the firm has planned to offer since it announced its Fidelity Digital Assets business in October 2018.

Fidelity Digital Assets head Tom Jessop painted a picture of the firm's trading business, which will not be open to retail clientele, in an interview with The Block.

"We are not prop trading, we don’t have a desk," he said, noting that the firm would act as an agent for clients. "We are purely acting as effectively an agent, and that’s what our clients want. Our clients want to avoid the issues associated with funding on multiple exchanges, both administrative risk, or otherwise, they want something resembling the best price experience, and so we’ll try to do that by bringing liquidity providers, and other sources of liquidity onto our platform. I think effectively a smart order router, or logic, that would interrogate the market, find the best better offer, and allow the client to execute at that price."

[Last of the V8s]

Shopping List - permanent

bread
dog food
bitcoin
wine
tobacco
tarts
cheese
chocolate
bitcoin

[AlcoHoDL]

guys, stop swearing, we need all three types of bitcoins at the same time: small blocks, medium blocks and large blocks

No.

Small, medium and large are all relative terms. How long is a piece of string?

What is needed is Bitcoin.

What is not needed is almost all of the non-Bitcoin coins (a.k.a. shitcoins). Now, BCH & BSV are the king and queen of shitcoins. Not to mention the "self-proclaimed Satoshi Nakamoto" Craig S. Wright. He is certainly NOT needed.

tl;dr
Buy Bitcoin (BTC).

[realr0ach]

A bit of crypto satire

Adam Back questioned on his support of fraudulent exchange Bitfinex, starts screaming "CRAIG WRIGHT"
May 05, 2019

But honestly, this lightning shit isn’t working out as planned, the number of active channels on the lightning network is actually falling believe it or not,

I can believe it.  The concept of 'funding channels' is nothing but a vendor lock-in facilitator that's not conducive to how people want to handle their monetary affairs at a retail level.  It's something that only really belongs on the BACKEND of two exchanges doing some kind of arb.  Then the only network topology that can form in the real world is you opening a channel to a bank and having them route all your transactions from there since they will be far more connected than you are with more liquidity to each party.

[nutildah]

Shopping List - permanent

tarts

Hi. American here. What's a tart? Every time I've ever heard it used in movies or TV it's always a derogatory term for female human. We have Pop Tarts.. Are they at all similar?

[gentlemand]

Hi. American here. What's a tart? Every time I've ever heard it used in movies or TV it's always a derogatory term for female human. We have Pop Tarts.. Are they at all similar?

An open pastry case with a sweet filling.

Or a slaaaag depending on the company you keep. You can of course give a tart to a tart.

[BTCMILLIONAIRE]

Hi. American here. What's a tart? Every time I've ever heard it used in movies or TV it's always a derogatory term for female human. We have Pop Tarts.. Are they at all similar?

An open pastry case with a sweet filling.

Or a slaaaag depending on the company you keep. You can of course give a tart to a tart.

Sometimes a tart even gives a tart to a tart.

[erre]

A bit of crypto satire

Adam Back questioned on his support of fraudulent exchange Bitfinex, starts screaming "CRAIG WRIGHT"
May 05, 2019

But honestly, this lightning shit isn’t working out as planned, the number of active channels on the lightning network is actually falling believe it or not,

I can believe it.  The concept of 'funding channels' is nothing but a vendor lock-in facilitator that's not conducive to how people want to handle their monetary affairs at a retail level.  It's something that only really belongs on the BACKEND of two exchanges doing some kind of arb.  Then the only network topology that can form in the real world is you opening a channel to a bank and having them route all your transactions from there since they will be far more connected than you are with more liquidity to each party.

Not true. We only need some big merchants (like amazon) to connect for the LN to be useful for every retail client. Like now, there are too little sites who use LN, and they are at most experimental....so right, there are no many reasons to lock your coins as now, but that' only because the immaturity of the system.

[Globb0]

A lemon tart

[jonoiv]

Hi. American here. What's a tart? Every time I've ever heard it used in movies or TV it's always a derogatory term for female human. We have Pop Tarts.. Are they at all similar?

An open pastry case with a sweet filling.

Or a slaaaag depending on the company you keep. You can of course give a tart to a tart.

Sometimes a tart even gives a tart to a tart.

Can also mean sour.

So I guess it's possible for a tart tart to give a tart tart to a tart tart.

[gentlemand]

Can also mean sour.

So I guess it's possible for a tart tart to give a tart tart to a tart tart.

Keep going.

We need to give every google translate fuckhead here a nosebleed and maybe they'll sign up for language classes.

[JSRAW]

[nutildah]

Keep going.

We need to give every google translate fuckhead here a nosebleed and maybe they'll sign up for language classes.

All I know is you can't expect to wield supreme executive power just because some watery tart throws a sword at you.

[vroom]

A lemon tart

wow, and I thought tart is short for retard

[AlcoHoDL]

A lemon tart

Oh man, that's some sexy tart!

[d_eddie]

Hello higher highs.
Goodby obnoxious prices.
Finally sober!

Now you're getting about half of them crispy and tasty!

(I got recharged only 2 sM so must use wisely.)
 +1 WOsMerit.

So they getting better?

They are IMHO! At times you just snap and manage to express the fact or feeling of the moment.

You didn't have to, but thanks. Just awarded Mic's haiku too.  

And uh, I have a, uh, little request for you. PM sent.

Mmmm you wanna switch avatar/HAT?

Ehmmm... not that hard to guess is it?