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

[Last of the V8s]

Addressing the issue is like balancing on a tight rope with the winds gusting and you cannot walk to either end all you do is shift your balance (the variable you control). I still have not seen a decent argument against dynamic recursive blocks. I've asked many times in this thread and never been linked to a good argument against them, maybe you have a link?

It's much more a political argument than a technical one.
Any such block change would need a hard fork, and that's not happening (unless there's an emergency).
Can't leave the OG's behind. Most wouldn't even go for it if it could be magically soft-forked in.
Even the newer people don't want the shitfest.

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[Hueristic]

Addressing the issue is like balancing on a tight rope with the winds gusting and you cannot walk to either end all you do is shift your balance (the variable you control). I still have not seen a decent argument against dynamic recursive blocks. I've asked many times in this thread and never been linked to a good argument against them, maybe you have a link?

It's much more a political argument than a technical one.
Any such block change would need a hard fork, and that's not happening (unless there's an emergency).
Can't leave the OG's behind. Most wouldn't even go for it if it could be magically soft-forked in.
Even the newer people don't want the shitfest.

That is just a shame, in time I think this will change.

This would be an actual fork that if both survived they would both be worth their weight in Unobtainium.

[HairyMaclairy]

Decision is fully yours. Own it.

Hows that working out for you bear?  Owning it?

k thanks and now gtfo with your big blocker bullshit...bubye

https://i.imgur.com/winWljK.jpg

If history is anything to go by then we know that today's prices are irrelevant. Just look at Amazon crashing into the ground and now being the most valuable company in the world.

Not saying BSV will get anywhere, but still. Non-argument.

You mean when Amazon was being pounded into the ground by a market dominant, more aggressive competitor? 

Didn’t think so. 

[goldkingcoiner]

Saw a small go to sleep pump NICE

[jojo69]

 switched to Youtube to watch a lovely silent restoration video.

which one? I love those

[Icygreen]

A few more pics of where I am :











Oh and I also saw this yesterday. The ticket cost only 70 Pesos, which is about $4 ! The movie was good but I was a bit disappointed with what they did with some of the characters (Hulk & Thor). I know they wanted more comedy but I think they failed there.

Hey, while you're there, IMO if there's one thing really worth checking out in the area, its Teotihuacán's ancient temple of the sun (feathered serpent).  I've been to many ruins in Mexico but this ancient ruin city is quite special.  Its a 1.5 hr bus ride from the city.
Graham Hancock speaks about it here @126.25  https://youtu.be/T5DNvYMtkyk?t=5182

[Last of the V8s]

https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.159.0.pdf

discussion https://twitter.com/DanDarkPill/status/1123012427841449985

[Hueristic]

BREAKING and WTF 🤯🤯🤯🤯 Bitfinex is planning on a exchange token sale + IEO... plan to raise $1B in $USDT.... This is really a WTF situation 🤦🏻‍♀️🤦🏻‍♀️
https://twitter.com/DoveyWan/status/1122984364130701312

This is actually a good time for this, there are those that would buy in just to flip the bird at tptb.

I would buy in and dump the pump if I could do it on another exchange.

well catching up here I am now 2 hours behind schedule. time well spent I'd say.

Wish me luck at the tables guys.

[HairyMaclairy]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won.  

The result was a BTC dominance drop from an overwhelming ~85% to abut half. Are you prepared for a drop to about a quarter next time the stream is blocked? You're whistling past your own graveyard.

Do you actually believe that the value of Bitcoin is diminished every time some scammer comes up with ‘X on a blockchain’ and manipulates the price on some exchange with zero liquidity to create a meaningless market cap?

You are smarter than that.

Aww... ::blush::.

No. I believe that the value of Bitcoin is diminished every time its limitations surface in an orgy of nonfunctionality, driving actual use to other competing blockchains that can handle to load.

Which brings us around in a nice circular fashion to the market failure of these competing blockchains including BCH and SV.  

Why did they fail?  Because there was never a need in the first place.

PS your fees would be lower if you used Segwit.  You should try it, you might like it. 

[smartcomet]

https://twitter.com/MustStopMurad/status/1120856201548451840

Bitcoin today, monetarily speaking, is only a few steps ahead of where pieces of unrefined gold were when Neaderthals first discovered them in the ground.

But its monetization is going to happen >100x faster because we now live in a deeply interconnected & accelerating world.

https://www.reddit.com/r/Bitcoin/comments/9x2kbh/in_15_years_bitcoins_inflation_rate_will_be_lower/


Gold  20$ before 1934
Gold 35$ before 1971
Now 1300$
Gold inflation rate 2800/190000=1.47%
From 1970 to 2019, mined gold doubled. That means half gold was mined in the near 50 years.

After 2020 halving, bitcoin inflation rate =1.8%, still higher than gold inflation rate. So it is hard for bitcoin marketcap reaches gold marketcap before next halving.
After 2024 halving, inflation rate will be 0.8%. Bitcoin should get gold 7T marketcap ,  19687500 coins will be mined.

20M * 350K = 7T (maybe early or later by 4 years.)

[Biodom]

Looking at these dates, all I could say: darn it, I could have gotten into btc way earlier (as a few people here probably did).
First heard about it in Nov 2011 in the Wired article (BTC at $2), then totally forgot about it until October 2013 (BTC above $200) in the run-up.
The future is hopefully bright, but if someone gave me a choice of 100K now and flat for the next 10 years vs a 'slow" grind from 5K to 500K in 10 years, my choice would be the former.
I always preferred fast gains (and even losses) to a slow grind.
Perhaps, i don't have a patience for it.

why people did not invest early:
https://twitter.com/bitstein/status/1122195120340774912
an argument from 2011:
https://www.youtube.com/watch?v=zk5zs-hmVw4

[Toxic2040]

Our work here is done.

The high Necro has come fully over to the dark side and our cookies. Look..hes even point out shitcoins for us now.




https://twitter.com/elonmusk/status/1123033196642201600

[Biodom]

Our work here is done.

The high Necro has come fully over to the dark side and our cookies. Look..hes even point out shitcoins for us now.




https://twitter.com/elonmusk/status/1123033196642201600

wat da fook?

[Toxic2040]

wat da fook?

yanking that SEC chain methinks..still funny imho.

[rebal15]

BREAKING and WTF 🤯🤯🤯🤯 Bitfinex is planning on a exchange token sale + IEO... plan to raise $1B in $USDT.... This is really a WTF situation 🤦🏻‍♀️🤦🏻‍♀️
https://twitter.com/DoveyWan/status/1122984364130701312

TLDR:  "We don't have any money.  Our HSBC drug money we used to artificially manipulate the market higher was seized.  Give us more money."

TLDR:  "We don't have any money.  Our HSBC drug money we used to artificially manipulate the market higher was seized.  Give us more money if you want us to manipulate the market higher again."

Why not!!! I will give some and I prefer to give fees to Bitfinex rather than to that shit called Cracken.

I don't understand why people can't understand you.

[jbreher]

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

[jbreher]

Addressing the issue is like balancing on a tight rope with the winds gusting and you cannot walk to either end all you do is shift your balance (the variable you control). I still have not seen a decent argument against dynamic recursive blocks. I've asked many times in this thread and never been linked to a good argument against them, maybe you have a link?

The wizards high in the Blockstream tower have decreed the larger blocks are impossible. And that is all you rabble need to know.

Funny way to suggest that Bitcoin is controlled by "the wizards high in blockstream tower" when BSV is obviously manipulated and controlled by Craig. Hell he needed his shit fork Satoshi's Vision and claims he is Satoshi. It's literally his "vision" he claims.

Yeah. I get the irony. To the extent that you believe that SV is a creature solely of CSW. A narrative I don't believe is accurate.

OTOH, his nChain company -- with help from Bitcoin Unlimited and scads of independent researchers -- has decisively proven that 'big blocks absolutely will not work' was a lie.

[GreatArkansas]

Our work here is done.

The high Necro has come fully over to the dark side and our cookies. Look..hes even point out shitcoins for us now.




https://twitter.com/elonmusk/status/1123033196642201600

The next John McAfee of crypto twitter? lol


Elon Musk PUMP!

[jbreher]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won.  

The result was a BTC dominance drop from an overwhelming ~85% to abut half. Are you prepared for a drop to about a quarter next time the stream is blocked? You're whistling past your own graveyard.

Do you actually believe that the value of Bitcoin is diminished every time some scammer comes up with ‘X on a blockchain’ and manipulates the price on some exchange with zero liquidity to create a meaningless market cap?

You are smarter than that.

Aww... ::blush::.

No. I believe that the value of Bitcoin is diminished every time its limitations surface in an orgy of nonfunctionality, driving actual use to other competing blockchains that can handle to load.

Which brings us around in a nice circular fashion to the market failure of these competing blockchains including BCH and SV.  

Why did they fail?  Because there was never a need in the first place.

I think I recently made an observation of you whistling past your own grave. Oh yes. There it is. Right up there.

[Paashaas]