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

[gentlemand]

My campaign got stomped by the Feds and I can't find a new one. The camps get filled almost instantly and it always happen when I am not in front of a PC, and I am almost 7/24 in front of a pc.

If my campaign winds down I think that'll be my last one unless something unexpected pops up.

All that'll be left will be gambling pretty much and my only opinions on gambling are that it's evil and shit. I doubt that attitude would be much of an asset to them.

[BTCMILLIONAIRE]

BTW: starlink.com just went live.

Won't somebody please think of the poles?!

[BitUsher]

What a dumpster fire ... and this is further proof that the markets can remain irrational longer than expected as BCH should be dumping now.

As expected, Due to BCHs lack of hashrate miners are double spending and reorging on BCH blockchain. Here is when it occurred last time-

https://twitter.com/TheCryptoconomy/status/1131962447823278080

‼️#BCH /#bcash was hit by 51% attack from just 2 miners, http://BTC.TOP  & http://BTC.com
- & no one seems to be talking about it. 🤨 Thread 👇🏻
1/  What I've gathered from loose details:First, there was an unintentional split with the recent #BCH "upgrade."

2/Since the original split in 2017, there has been a significant number of coins accidentally sent to "anyone can spend" addresses (due to tx compatibility of sigs, but no #SegWit on #BCH), or possibly they've been replayed from #Bitcoin onto the #BCH network.

3/Because of this, tons of coins (#BCH) would essentially be "up for grabs." However, devs implemented a protocol rule called CLEANSTACK, making P2SH coins unspendable.
This was to be removed with May 15 fork, basically handing the coins to miners. https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/2019-05-15-upgrade.md

4/During the unintentional fork, someone exploited a bug (details are really hard to find) to add invalid TXs to @Bitcoin_ABC's client mempool. To counter, http://BTC.TOP  mined empty blocks (the bad TXs made blocks impossible to produce) coinspice.io/news/unknown-attacker-fails-to-disrupt-bch-upgrade

5/Due to low hash rate of the network, http://BTC.TOP  actually controlled over half (~54%) of #BCH hash power. Putting them in a position to essentially dictate which blocks were accepted by the network. (we'll see the problem here in a sec) https://bitcoinexchangeguide.com/is-bitcoin-cash-under-a-51-percent-attack-as-one-bch-mining-pool-nears-over-half-control/

6/ In the confusion, an unknown miner (possibly the attacker, but unconfirmed) tried to snatch a bunch of P2SH/#Segwit coins.  But http://BTC.TOP  & http://BTC.COM  were expecting, and/or preparing to recover SegWit coins themselves...https://honest.cash/kiarahpromise/sigop-counting-4528

7/According to discussions, http://BTC.top  and http://BTC.com  were working with another party to recover #SegWit coins to rightful owners (exchanges and/or users).
How they sourced the rightful owners I'm not sure, but this appears to be "reddit consensus.

8/ When the unknown miner tried to take the coins themselves, http://BTC.TOP  & http://BTC.COM  saw & immediately decided to re-org & remove these TXs, in favor of their own TXs, spending the same P2SH coins, + many others.  https://honest.cash/kiarahpromise/sigop-counting-4528

9/It apparently took hours to figure out what happened as none of this was public yet. It appears the 2 miners were ready & communicating with each other directly & possibly another party (exchange or devs) for coordinating the re-org. Cant find specifics from involved parties.  https://pbs.twimg.com/media/D7WMLRhXoAAzlEd.jpg

10/So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own. Bizarrely, some are celebrating!
Some devs are quiet, but jtoomim (#BCH dev) called it “justice,” & “punishment” for “antisocial behavior.”  https://pbs.twimg.com/media/D7WM4hNXkAAfAsu.jpg
  https://pbs.twimg.com/media/D7WM5NGW0AALecm.jpg

11/One dev seems to be actually discussing how dangerous of a precedent this was & has the only write-up that I can find so far on what exactly occurred. #BCH
https://pbs.twimg.com/media/D7WNXlnW0AACJqw.jpg

12/This is what everyone warned about of endless HFs. Its an attack vector, kills Lindy effect, & has turned #BCH into a political mess where private comms control what does/doesn't get in a block. I can’t tell if no one cares, or if they just want to ignore it?

13/There are at least a few people (maybe only partially) realizing that this basically kills any perception that #BCH is "decentralized, censorship resistant money."  And leaves them to fight over whether the miners are "good guys" or "bad guys" with their actions. https://pbs.twimg.com/media/D7WOrXcWkAE2EA3.jpg

14/Very curious to see others who could dig further (& more thoroughly) into this, as details are not easy to find, & there seem to no articles about the 51% as far as I can tell. 😁
/fin
 

[Biodom]

My campaign got stomped by the Feds and I can't find a new one. The camps get filled almost instantly and it always happen when I am not in front of a PC, and I am almost 7/24 in front of a pc.

If my campaign winds down I think that'll be my last one unless something unexpected pops up.

All that'll be left will be gambling pretty much and my only opinions on gambling are that it's evil and shit. I doubt that attitude would be much of an asset to them.

I looked a bit and some newer "campaigns" pay relative peanuts, yet demand a lot of activity.
The one's that don't accept new members look better.
Oh, well. It's just it is difficult (and not very profitable) to mine btc now.

[DaRude]

What a dumpster fire ... and this is further proof that the markets can remain irrational longer than expected as BCH should be dumping now.

As expected, Due to BCHs lack of hashrate miners are double spending and reorging on BCH blockchain. Here is when it occurred last time-

https://twitter.com/TheCryptoconomy/status/1131962447823278080

‼️#BCH /#bcash was hit by 51% attack from just 2 miners, http://BTC.TOP  & http://BTC.com
- & no one seems to be talking about it. 🤨 Thread 👇🏻
1/  What I've gathered from loose details:First, there was an unintentional split with the recent #BCH "upgrade."

2/Since the original split in 2017, there has been a significant number of coins accidentally sent to "anyone can spend" addresses (due to tx compatibility of sigs, but no #SegWit on #BCH), or possibly they've been replayed from #Bitcoin onto the #BCH network.

3/Because of this, tons of coins (#BCH) would essentially be "up for grabs." However, devs implemented a protocol rule called CLEANSTACK, making P2SH coins unspendable.
This was to be removed with May 15 fork, basically handing the coins to miners. https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/2019-05-15-upgrade.md

4/During the unintentional fork, someone exploited a bug (details are really hard to find) to add invalid TXs to @Bitcoin_ABC's client mempool. To counter, http://BTC.TOP  mined empty blocks (the bad TXs made blocks impossible to produce) coinspice.io/news/unknown-attacker-fails-to-disrupt-bch-upgrade

5/Due to low hash rate of the network, http://BTC.TOP  actually controlled over half (~54%) of #BCH hash power. Putting them in a position to essentially dictate which blocks were accepted by the network. (we'll see the problem here in a sec) https://bitcoinexchangeguide.com/is-bitcoin-cash-under-a-51-percent-attack-as-one-bch-mining-pool-nears-over-half-control/

6/ In the confusion, an unknown miner (possibly the attacker, but unconfirmed) tried to snatch a bunch of P2SH/#Segwit coins.  But http://BTC.TOP  & http://BTC.COM  were expecting, and/or preparing to recover SegWit coins themselves...https://honest.cash/kiarahpromise/sigop-counting-4528

7/According to discussions, http://BTC.top  and http://BTC.com  were working with another party to recover #SegWit coins to rightful owners (exchanges and/or users).
How they sourced the rightful owners I'm not sure, but this appears to be "reddit consensus.

8/ When the unknown miner tried to take the coins themselves, http://BTC.TOP  & http://BTC.COM  saw & immediately decided to re-org & remove these TXs, in favor of their own TXs, spending the same P2SH coins, + many others.  https://honest.cash/kiarahpromise/sigop-counting-4528

9/It apparently took hours to figure out what happened as none of this was public yet. It appears the 2 miners were ready & communicating with each other directly & possibly another party (exchange or devs) for coordinating the re-org. Cant find specifics from involved parties.  https://pbs.twimg.com/media/D7WMLRhXoAAzlEd.jpg

10/So just 2 miners, in secret & w/ no trouble, took it upon themselves to remove 2 blocks w/ another’s TXs, & replace with their own. Bizarrely, some are celebrating!
Some devs are quiet, but jtoomim (#BCH dev) called it “justice,” & “punishment” for “antisocial behavior.”  https://pbs.twimg.com/media/D7WM4hNXkAAfAsu.jpg
  https://pbs.twimg.com/media/D7WM5NGW0AALecm.jpg

11/One dev seems to be actually discussing how dangerous of a precedent this was & has the only write-up that I can find so far on what exactly occurred. #BCH
https://pbs.twimg.com/media/D7WNXlnW0AACJqw.jpg

12/This is what everyone warned about of endless HFs. Its an attack vector, kills Lindy effect, & has turned #BCH into a political mess where private comms control what does/doesn't get in a block. I can’t tell if no one cares, or if they just want to ignore it?

13/There are at least a few people (maybe only partially) realizing that this basically kills any perception that #BCH is "decentralized, censorship resistant money."  And leaves them to fight over whether the miners are "good guys" or "bad guys" with their actions. https://pbs.twimg.com/media/D7WOrXcWkAE2EA3.jpg

14/Very curious to see others who could dig further (& more thoroughly) into this, as details are not easy to find, & there seem to no articles about the 51% as far as I can tell. 😁
/fin
 

Rational people just don't own any bcash in the first place so no one can dump it. It's the same shitcoin that was burning part of the rewards by the pool cause they had too many of them.

[gentlemand]

I looked a bit and some newer "campaigns" pay relative peanuts, yet demand a lot of activity.

I came to the same conclusion.  No matter how high the future price becomes I'd rather be off doing other things rather than having to trawl my mind to come up something to write about an ICO or gambling site.

[BitcoinGirl.Club]

My campaign got stomped by the Feds and I can't find a new one. The camps get filled almost instantly and it always happen when I am not in front of a PC, and I am almost 7/24 in front of a pc.

I thought I found the perfect camp which would last years just like chipmixer. Lasted only 8 weeks.

sadface

...I was also participating in camps in 2014-2016 but I was too generous... People like LFC managed to grab 6-8 coins, I probably got only 1.5 or smth. Sig camp money looked like pocket money at that time and I thought my "real job" was making the real money. Now my whole crypto portfolio isn't more than 6btc and I paid shitton ($20k) for them. I wasn't getting them while they were throwing them away for free.
 

You can't get dumber than this probably.

Every experience has a price to paid. You would not feel bad if Bitcoin price was $50k now but here we are. If you believe in Bitcoin (I am sure you do) then HODL. You know we are going to the moon soon. Bitcoin never disappointed us and will never do.

I think you are talking about the bestmixer campaign?

Observing $8,072.

[mindrust]

I looked a bit and some newer "campaigns" pay relative peanuts, yet demand a lot of activity.

I came to the same conclusion.  No matter how high the future price becomes I'd rather be off doing other things rather than having to trawl my mind to come up something to write about an ICO or gambling site.

That's the exact mindset which made me poor.

Choosing the best paying campaign is fine but not liking them for paying low isn't a great idea. You guys probably feel like that because you already made your 2-3 digits stashes.  

bitmixer was paying 0.035/week and when btc was $500, it was $17/week. At best, when btc was $1k, it was $34/week. By not posting, I was literally throwing my money away. And I skipped, weeks, months... Please explain this to me.  

I think you are talking about the bestmixer campaign?

Y. Bestmixer got rekt. and $50k would make me happy definitely. It wouldn't be $1m net worth but I would definitely be happy.

[BitcoinGirl.Club]

I think Hhampuz is/was running a porn sig campaign here. Made me smile

Sexycam.red 😂
The sig design was nice by the way.

[JSRAW]

@mindrust every drop counts...

[gentlemand]

That's the exact mindset which made me poor.

Choosing the best paying campaign is fine but not liking them for paying low isn't a great idea. You guys probably feel like that because you already made your 2-3 digits stashes.  

Well, to an extent yes. But some campaigns might add up to only 0.1 or 0.2 BTC for a year of constant effort now. You could make that flipping stuff on Ebay a few times and buying BTC instead of devoting 10 or more hours a week to writing away.

Obviously that's null and void if you're here for the sheer joy of it anyway.

[BitcoinGirl.Club]

bitmixer was paying 0.035/week and when btc was $500, it was $17/week. At best, when btc was $1k, it was $34/week. By not posting, I was literally throwing my money away. And I skipped, weeks, months... Please explain this to me.  

Posting for signature campaign should not be the primary motivation for us 🙂

Anyway, you did what you felt to do that time. There should be no regret for that, in fact you can not bring back the time. If you would know bitcoins was going to hit $20k when the price was $500 then you would just buy hell lot of bitcoins instead of waiting for signature money.

I hope you get into a good campaign.

[fabiorem]

I cant see how I could be making money with a signature campaign. I post too little, and they pay little as well.

[mindrust]

bitmixer was paying 0.035/week and when btc was $500, it was $17/week. At best, when btc was $1k, it was $34/week. By not posting, I was literally throwing my money away. And I skipped, weeks, months... Please explain this to me.  

Posting for signature campaign should not be the primary motivation for us 🙂

That's what I was telling myself. I am not posting here for the money but the coins I got from the camps is just a side benefit.

But when you think about what you missed just by ignoring those side benefits, you get what I mean...  

I guess I'll just suicide. (don't worry, I can't suicide by drinking Jack Daniels)  

I am working since 2013, and my business is quite decent. I position myself at upper mid class in my country and If I have kept those side benefits, I would be rich as fuck now probably not working at all.

****

Anyway, being sorry for the missed opportunities is an endless pit.

You are also right If I had known that it was going to reach $20k, I would have bought shitton when it was $500. Too many random stuff is happening.

Let's cut it out here. I got what I got and invested a decent mount since 2018. We'll see what'll happen from now on.

[gentlemand]

bitmixer was paying 0.035/week and when btc was $500, it was $17/week. At best, when btc was $1k, it was $34/week. By not posting, I was literally throwing my money away. And I skipped, weeks, months... Please explain this to me.  

I was signed up for that at that price level. My record was spending an entire week's wage on a piece of shit neoprene laptop sleeve that ripped immediately on arrival, and it stank the room out. I kept it and gob on it occasionally.

Everyone's levels are different. But I wouldn't be in a campaign that paid considerably less if I felt in any way compelled to grind out posts to meet its requirements. If there were no minimum and no particular upkeep required then it would be fine, but most want more for their money which is fair enough.

The Bitmixer campaign was undemanding so it worked for me. I was happy to be here anyway even though it paid what seemed like peanuts at the time.

[Biodom]

I guess, two points are clear (from the lively discussion):

1. Everyone wants more btc (and regrets prior decision to not acquire more).

2. It's difficult to get a good flow of btc now, be it from either mining or 'campaigning'. I don't even want to start with btc interest-that clearly won't work long term (blockfi, celsius, etc).

Conclusion: should have bought or 'earned' more, but the only realistic way now is through the ret. funds, if and when that spigot opens up.
I am thinking, maybe >5%, but = or < than 10% allocation in IRA and/or Roth.

[BitcoinGirl.Club]

Let's cut it out here. I got what I got and invested a decent mount since 2018. We'll see what'll happen from now on.

Yeah. Moving on makes more sense. Let's hope in the next halving we see the next ATH.

Observing $8,027

[criptix]

https://cointelegraph.com/news/facebook-in-talks-with-coinbase-winklevoss-gemini-to-launch-its-globalcoin-ft-report


One coin to rule them all.

Prepare for global adoption of digital money.

If around 10% of facebooks userbase gonna use facebook coin it will be bigger then paypal.

If 10% of them will jump into BTC we would probaly quadruple our userbase (assuming we have around 10 million btc users right now).

[gentlemand]

If 10% of them will jump into BTC we would probaly quadruple our userbase (assuming we have around 10 million btc users right now).

And they'll all have their Facebookcoin accounts shut down.

[Biodom]

https://cointelegraph.com/news/facebook-in-talks-with-coinbase-winklevoss-gemini-to-launch-its-globalcoin-ft-report


One coin to rule them all.

Prepare for global adoption of digital money.

If around 10% of facebooks userbase gonna use facebook coin it will be bigger then paypal.

If 10% of them will jump into BTC we would probaly quadruple our userbase (assuming we have around 10 million btc users right now).

IMHO, facebookcoin is such horseshite, I don't know why anybody could be happy about it.
What, exactly, is the point of it?
I don't see them passing ANY regulation from the FED, though.
We should support J. Dorsey intended use of btc (twitter&square), instead.