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

[El duderino_]

Also r0ach be a little more quiet or my GF comes to r0ach you again

[1714293511]

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[1714293511]

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[El duderino_]

Gonna change the HAT for a few hours..... Yeah its that time of the week again, fingers are itching and in need for some online poker clicking

Hopefully its a brother earning some corn today ..............

[gentlemand]

I spent BTC couple of times worth of around $1k, but both purchases were for professional use and studies.

1. Bought one licensed 3d software worth of $900 but got discount with BTC payment, end up spending $700
2. The second purchase came when I enrolled in one Online course, paid the first Instalment with BTC. After the first installment, they said NO and I was like okay Muggles, your loss

I've spent fooking loads. Probably 50-100 expenditures. Most of them I don't regret at all. I only spend on things that make my life better. Probably enough for a few country estates in future but I'll only need 3 or 4 estates.

The people I REALLY don't get are those who spend all of their tiny balances on Steam games or Google Play vouchers and don't seem to realise what they're chucking away. It's the equivalent of those on here who bought BTC when it was $10, spent all of it on weed and then turn up moaning a few years later.

If I was wanking away to my copy of Leisure Suit Larry knowing that I'd paid 0.25 BTC for it in 2015 I would lose my pathetic boner.

[BITCOIN_ALMIGHTY]

A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied. Coingeek is lying to push their agenda.

No, the registration proves nothing to me and to most of people here I think, but it has just pushed the SV price way up in very little time which means more people believe he is the real guy. and yaa, you are right about him not able to sign the Genesis Block totally proves he is not the real one.

Yeah just as you said, we have to assume CSW is the real Satoshi and inventor..... so you just educated us, take care and explore the Bitcoin forum in other threads and tell them all the same........ Have a good one.

CSW is not the real Satoshi, and I never said this. I just asked if this news is really that effective to be believed by so many people around the world. You too have a good one.

[gembitz]

you must be new here.

Yes, I am a bit new here, but not new into the Bitcoin and trend's behind it, I saw most of the Bitcoin lovers and supporters here like me, so would like to ask them.

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?

A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied. Coingeek is lying to push their agenda.

 

[JayJuanGee]

 How are people spamming these idiotic "Bitcoin is guaranteed to go to $100k-$1million each" constant drive by shillings when there are no decentralization and no scaling fundamentals?

We don't necessarily need to buy into any absolutism proclamations that BTC is "guaranteed" to go to $100k or whatever in order to understand that there is a decent amount of decentralization in bitcoin, and there is scaling as you go. 

So stop trying to act as if bitcoin needs to perform the same number of transactions as banks, credit cards, merchant services and payment services combined when there are not that many transactions on bitcoin to accomplish all of that, yet. 

What the fuck level of adoption do we have on bitcoin, so far?  1% at best?  You know that it is likely not even 1% adoption, even while price performance may or may not be in line with adoption levels....

But anyhow, Bitcoin is continuing to grow and continuing to develop, and maybe you should consider buying a little bit of bitcoin to hedge some of your bets in PMs or whatever the fuck you had been thinking was the "solid" sure thing, you dumbass.

[BITCOIN_ALMIGHTY]

https://i.imgflip.com/31m094.jpg
 

LOL !!

I think, I just triggered you guys by saying that name. You hate him more than me ! I guess we are on the same train here.

[rdbase]

^^ @Gembitz, may he be known as the unnamed one from now on WO patrons!
Maybe direct the newbies who are asking about him there: https://bitcointalk.org/index.php?topic=5145673.msg51164168#msg51164168
I like this thread and where its going
"Oh our glorious leader Craig FUK-EM satoshi wrong"

[fabiorem]

More than 100 shops and restaurants where you can pay through Lightning in Arnhem Bitcoin City (Netherlands) .

https://www.arnhembitcoinstad.nl/

Now in the rest of the country 
Rotterdam, den haag and Amsterdam

The Arnhem story is crazy imo, the city was already super Pro BTC years ago, damn that community was fast @the party!

It's great that a city has many merchants that accept Bitcoin, the only thing missing in this, is barely anyone is spending their Bitcoins to buy things. Everybody just in hodl mode. If we want true adoption start spending and paying for things in BTC.

I will start using bitcoin when it reaches one million dollars.

[infofront]

That's a good point. Technically you're correct about the blocksize limit not being part of the protocol, of course.
Though if everyone is running a client with a different blocksize, the network will become a clusterfuck.

No. The miners -- or rather 51% of them -- would then determine the max block size. No clusterfuck. Longest chain rules.

And they've chosen to keep Satoshi's 1MB block size in place all these years. Anyway, how would 51% of miners be able to coordinate on a new block size? There is no Schelling Point above 1MB, so you'd end up with a bunch of forks.

The immutability of the 1MB blocksize still stands if we throw out the word "protocol". Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever,  

I think the interim limits of 250KB and 500KB invalidate your assertion.

I assume you're talking about the default, "soft block limits" that miners were free to choose, as long as they were under the 1MB hard (consensus) limit?

The raw data is also a source of some interesting discoveries. Individual pool operators sometimes try to optimize things in interesting (and quite different) ways. Here are some examples for some of the larger pools:

    Antpool never adopted the 350k bytes value and jumped from 250k to 750k in June 2014.
    BTCGuild adoped 475k bytes in March 2013, then 500k bytes from August 2013.
    The now defunct DeepBit pool never went over 100k bytes.
    Discus Fish (F2Pool) switched from 250k bytes to 32k in December 2013. After 6 weeks they variously tried 48k and 64k sizes for a few weeks each before adopting 916k in March 2014, then 933k in August 2014. In October 2014 they systematically started mining at 1M bytes; as such they consistently mine the largest blocks of all pools. Discus Fish also, curiously, mined a very large number of 0 transaction blocks for during the middle of 2014, suggesting some other peculiarities in their block selection.
    Until November 2013 Eligius appears to have tried many quite large block sizes, before adopting a value just over 900k bytes.
    GHash.IO ran with the 750k default for 2 weeks in March 2014 before moving back to 350k until late June. Their switch to larger blocks coincided with their decline in peak hash rate from a mean of 40% of the network. Curiously, both times they moved to 750k there was a corresponding large drop (about one sixth) in their share of the network; this could be complete coincidence but perhaps not!
    Megabigpower has highly erratic maximum block sizes; the variation is seemingly far too large for their share of the network, with smaller pools showing dramatically more stability. This perhaps implies that they are usign some sort of custom maximum block size estimation software.
    Most of the "unknown" hashing seems to be done by miners using the default sizes.

http://hashingit.com/analysis/39-the-myth-of-the-megabyte-bitcoin-block

Edit: I also recommend reading Shelby's latest blog post: https://medium.com/@shelby_78386/apparently-not-400244cca3cc

[JSRAW]

I spent BTC couple of times worth of around $1k, but both purchases were for professional use and studies.

1. Bought one licensed 3d software worth of $900 but got discount with BTC payment, end up spending $700
2. The second purchase came when I enrolled in one Online course, paid the first Instalment with BTC. After the first installment, they said NO and I was like okay Muggles, your loss

I've spent fooking loads. Probably 50-100 expenditures. Most of them I don't regret at all. I only spend on things that make my life better. Probably enough for a few country estates in future but I'll only need 3 or 4 estates.

The people I REALLY don't get are those who spend all of their tiny balances on Steam games or Google Play vouchers. It's the equivalent of those on here who bought BTC when it was $10, spent all of it on weed and then turn up moaning a few years later.

If I was wanking away to my copy of Leisure Suit Larry knowing that I'd paid 0.25 BTC for it in 2015 I would lose my pathetic boner.

Jeez, that's a lot, but you were early so that's fine. yeah, that's the thing "regret" if you don't then all good but its a problem if you have some. I didn't spend much as of now so same feelings.

I am not going to judge gamers here because I used to be work for Steam but I get your point of view.

[JayJuanGee]

I’m going to be honest here - I’ve been invested in bitcoin (and constantly buying) since 2014.

I don’t think I’ve ever bought anything with bitcoin.

I mean I’ve gambled with bitcoin then sold some & rebought but I don’t think I’ve ever bought anything with bitcoin. I know I’ve never done it physically in a shop or something.

In other words, you are the posterboy for why Bitcoin is a bubble?

Yep.... Bitcoin is in a bubble.. for sure.    




Don't buy any BTC, roach.

[JayJuanGee]

Shit I've spent too much, but it does help the holding during the bear market as the mentality is "fuck it, I've already gotten enough out of this investment even if it goes to zero" so the hodl strength is Strong.

Just looked at your registration date.....2012.....

I bet you bought a shit tonne of sickeningly cheap bitcoin’s back then ans/or mined)

Yeah I was too young and too broke, my first coin was $50 which I promptly spent on a USB Asic, then I doubled down on every coin I mined for a bit. Fuck I was making $9 an hour then.

I wish I had a nice amount but I guess there's always time to make that happen.

Hard to accumulate BTC if you are spending them all the time.

I have no problem with spending BTC, as long as you realize what you are spending and consider that you might have a personal allowance that you can spend because you have a stash that you are trying to maintain and to accumulate, which likely would trigger replacement of spent BTC and sometimes accounting complications - based on current tax treatments of some jurisdictions.

[infofront]

We all can create our own shitcoin CLOSE to the original version.

Not close, an exact replica.  Thank you for reminding us all why people calling imaginary digital shitcoins a "store of value" are mentally insane.  Technically, one would say the value of the imaginary coin is derived from the utility of the network since there is no real commodity basis, but the utility of the network can be replicated infinitely, so the scarcity argument doesn't even exist.  In that context, Bitcoin is simply backed by shills/scammers.

We don’t need LN to scale.  

Just use centralized solutions like Liquid to scale for low security transactions.

I calculated even with 8 MB blocks, a transaction would need to be something like $10k dollars to be viable on-chain if Bitcoin was used as the backbone of the financial system for big ticket items like houses, cars, boats, etc.  Bitcoin has virtually no use at 1 MB on a global scale except to be something like an intrabank SDR.  Anonymint's claims of how high transaction fees would go are vastly higher than mine, and I don't think they're correct, so I didn't mention them.  

Since Lightning Network is NOT a valid scaling solution because all it does is recreate the already existing banking system where network topology will force all transactions to be routed through a bank - and as the only Craig Wright fan on earth Jbreher points out, 1 MB blocks are not even large enough to onboard people into LN in the first place - absolutely nothing about bitcoin scaling or decentralization was EVER solved.  How are people spamming these idiotic "Bitcoin is guaranteed to go to $100k-$1million each" constant drive by shillings when there are no decentralization and no scaling fundamentals?

Shelby/Anonyminy has a response to both of your posts here:

https://medium.com/@shelby_78386/apparently-not-400244cca3cc

[LFC_Bitcoin]

I definitely think r0ach has at least 1BTC. He’ll never admit it though.

And hello once again $8,000.

[cryptjh]

Gold is no longer the standard of wealth.
https://twitter.com/GrayscaleInvest/status/1128677725785530368

With a generational shift in wealth underway, it's important to understand the next generation of investors' mindsets.
https://twitter.com/GrayscaleInvest/status/1129469886835695617

[infofront]

Gold is no longer the standard of wealth.
https://twitter.com/GrayscaleInvest/status/1128677725785530368

With a generational shift in wealth underway, it's important to understand the next generation of investors' mindsets.
https://twitter.com/GrayscaleInvest/status/1129469886835695617

Gold is just your grandpa's analog bitcoin. 

[RoomBot]

HAPPY BITCOIN PIZZA DAY EVERYONE!

https://steemit.com/bitcoin/@bitjane/may-22-is-bitcoin-pizza-day

#BitcoinPizzaDay

[mindrust]

Holy shieeet

You are not anonymous bruh!

Wearing my hat back.

[Gyrsur]

Gold Bar 400 oz =


History
1 BTC =