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Question: Highest price we'll see in 2022:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25529914 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
vroom
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July 30, 2019, 01:29:38 PM
Merited by JayJuanGee (1)

cybercash, as imagined in 1998
~
please note, they wrote hodlers wrong Smiley
Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

The Sovereign Individual

it's not my snapshot, I just found it. here are some more quotes: https://imgur.com/a/eV74v#0
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July 30, 2019, 01:34:37 PM
Merited by JayJuanGee (1)

Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

I see this posted here today : https://bitcointalk.org/index.php?topic=5170269.0

It seems that Satoshi Nakamoto is read this book, maybe he get idea for BTC creation after reading Wink
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July 30, 2019, 02:02:36 PM
Last edit: July 30, 2019, 02:12:49 PM by fillippone

Libra: much ado about nothing?

https://www.coindesk.com/facebook-libra-might-not-ever-launch-concedes-firm
Quote
In a frank disclosure in the firm’s latest quarterly report to the U.S. Securities and Exchange Commission (SEC), the firm said that the many barriers it will face regarding regulating a new technology with unclear rules in the U.S. and other nations of the world, mean “there can be no assurance that Libra or our associated products and services will be made available in a timely manner, or at all.”

“Our participation in the Libra Association will subject us to significant regulatory scrutiny and other risks that could adversely affect our business, reputation, or financial results,” Facebook says.

Quote
“These laws and regulations, as well as any associated inquiries or investigations, may delay or impede the launch of the Libra currency as well as the development of our products and services, increase our operating costs, require significant management time and attention, or otherwise harm our business.”


Waiting for Godot?

Compulsory meme:


LFC_Bitcoin
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July 30, 2019, 02:11:43 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy
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July 30, 2019, 02:12:41 PM


https://bitcointalk.org/index.php?topic=5126554.0

He had to read long before reaching Bitcoin.

1994 - CyberCash

Quote
On January 1, 2000, many users of CyberCash's ICVerify application fell victim to the Y2K Bug, causing double recording of credit card payments through their system.[5] Although CyberCash had already released a Y2K-compliant update to the software, many users had not installed it.

The company filed for Chapter 11 bankruptcy on March 11, 2001. VeriSign acquired the Cybercash assets (except for ICVerify) and name a couple of months later. On November 21, 2005 PayPal (already an eBay company) acquired VeriSign's payment services, including Cybercash.

https://en.wikipedia.org/wiki/CyberCash
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July 30, 2019, 02:20:40 PM

I suspect that such a wallet (belonging to Satoshi or a close friend of his, and in the possession of CSW) may not even exist, and it may all be CSW spreading fear and misinformation, which is what he usually does, has done many times in the past, and is something that fits his character and methods very well (I know, your grandma taught you to ignore human behaviour, but...), so all is good in the BTC camp.


There is another theory: the first million coins cant be moved, due to being part of the protocol. They were created to secure mining, so even if the password is cracked, they wont be moved.
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July 30, 2019, 02:24:36 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

Apart from that there is not much movement in the price, it is also vacation time, many are on the beach with their girls taken caipirinhas.
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July 30, 2019, 02:44:03 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

Apart from that there is not much movement in the price, it is also vacation time, many are on the beach with their girls taken caipirinhas.

I need to book a beach holiday, thinking about the Caribbean in maybe February. I have a small trip to Amsterdam next week though where I will meet the goose & cryptoqueeen.
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July 30, 2019, 02:49:10 PM

There is another theory: the first million coins cant be moved, due to being part of the protocol. They were created to secure mining, so even if the password is cracked, they wont be moved.


I'm aware that this applies to the genesis block only.
Maybe wrong, but it looks like they are movable, at least from block height #9:

https://www.blockchain.com/btc/address/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S

The theory doesn't make much sense tbh.

#

Troll with me brothers. Grin
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July 30, 2019, 03:06:26 PM
Merited by LFC_Bitcoin (1)

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

Apart from that there is not much movement in the price, it is also vacation time, many are on the beach with their girls taken caipirinhas.

I need to book a beach holiday, thinking about the Caribbean in maybe February. I have a small trip to Amsterdam next week though where I will meet the goose & cryptoqueeen.

If you are looking at Caribbean beaches, beware of sargassum (seaweed). It can ruin your holiday.

I booked at Seven Mile Beach at Cayman for next february. That beach is top ten in the world, and confirmed sargassum free. Not cheap though.
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July 30, 2019, 03:12:31 PM

I have a small trip to Amsterdam next week though where I will meet the goose & cryptoqueeen.

This sounds great. Wink
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July 30, 2019, 03:17:50 PM
Merited by El duderino_ (2), vapourminer (1), cAPSLOCK (1), JayJuanGee (1)

Only the coins from the genesis block can not be moved. That may or may not be true about forks or altcoins. This is due to some bug or feature as moving the coins from the genesis block coinbase transaction wasn't something expected.

What can be moved are any coins sent after the genesis block, such as those random coins being sent today. Only the person who still holds the private key to the address in the genesis block, specifically the coinbase address; the address the first 50 coins were minted to, can move the later coins.

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers. While it is plausible that Satoshi kept the wallets for all of those coins, (indeed, it would have been a simple backup to a collected or total wallet for all those addresses), it could also be possible that each address had private keys that were eventually discarded.

That implies the first million coins are locked up by whatever key security was implemented at the time, which is double SHA2-256 behind RipeMD-160 or the other way around, whatever, is like trying to crack legacy bitcoin addresses, even if we knew the public keys as that functionality which hides public keys until coins are first spent from an address.

In any case, even with key or address reuse, many coins have never been brute forced out of their owners. It's always been an inside job or someone stole the private keys. On chain dice addresses have never been hacked by third parties. Stolen maybe, but not brute forced for the private keys.
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July 30, 2019, 03:18:09 PM

This thread is so quiet at the moment.

**Sighs**

Oh, I do miss the excitement of a mid to peak bull run. I’m always here, reading but I don’t really have much to post about in this thread atm Cheesy

I was busy with classes, work, and catching up with old friends last weekend IRL and in the end, taking care of all drunk bastards  Grin  Sometimes I think that's the only reason I get the call for every gettogether.  Angry

This 4 figure looks boring as well so not checking price movement-portfolio etc.

My backlog is piling up, for this will check a couple of posters and JJG's posts history (He covers almost everything in his post  Grin)
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July 30, 2019, 03:42:03 PM

Back!
Good afternoon WO.
Still observing @ $9,678
Feels like we are stuck here forever LOL
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July 30, 2019, 04:24:33 PM

It's not Sunday evening fellas!

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July 30, 2019, 04:33:26 PM
Merited by JayJuanGee (1)

"According to Baradaran, we already have a public ledger, it’s called the Federal Reserve."
https://cointelegraph.com/news/live-crypto-blockchain-hearing-at-us-senate-banking-committee

I'm pretty sure the Fed's ledger isn't available to examine by the public. This seems like obfuscation.

Also looks like the usual talking heads are weighing in with just enough knowledge to hurt themselves...
https://cointelegraph.com/news/cnbc-host-goes-full-bitcoin-maximalist-with-55k-forecast-after-halving



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July 30, 2019, 04:41:49 PM

@jbreher: I read about CSW's wallet-cracking attempts here at the WO thread. You are assuming that Satoshi has used a cryptographically strong passphrase to secure his keys. It's a valid assumption which I also share and have mentioned in the discussion, but it appears you are reading only parts of my posts... Note, however, that, at the time those wallets were created, Bitcoin was nearly worthless. I'm pretty sure many users at the time had completely unsecured wallets in their PCs, they just didn't care much about security. That's what CSW is allegedly attempting to exploit.

I get all that, and largely agree. I however counter with 'I read ON THE INNERWEBZ...' (i.e., so it must be true).

IOW, I question whether there is any truth to this story at all. I don't doubt you have read such. I have read such as well. But never from any credible source, and never with any source attribution.
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July 30, 2019, 04:45:31 PM

cybercash, as imagined in 1998
~
please note, they wrote hodlers wrong Smiley
Can you give me name of the book from which you snapshotted that page, please. I will buy and read it, that is likely a interesting book on digital cash.

The Sovereign Individual

it's not my snapshot, I just found it. here are some more quotes: https://imgur.com/a/eV74v#0

Just read the rest.  Prescient stuff - bang on the money, so-to-speak!
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July 30, 2019, 04:54:38 PM
Last edit: July 30, 2019, 05:12:59 PM by jbreher

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.
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July 30, 2019, 05:25:20 PM
Last edit: July 30, 2019, 05:39:06 PM by AlcoHoDL

@jbreher: I read about CSW's wallet-cracking attempts here at the WO thread. You are assuming that Satoshi has used a cryptographically strong passphrase to secure his keys. It's a valid assumption which I also share and have mentioned in the discussion, but it appears you are reading only parts of my posts... Note, however, that, at the time those wallets were created, Bitcoin was nearly worthless. I'm pretty sure many users at the time had completely unsecured wallets in their PCs, they just didn't care much about security. That's what CSW is allegedly attempting to exploit.

I get all that, and largely agree. I however counter with 'I read ON THE INNERWEBZ...' (i.e., so it must be true).

IOW, I question whether there is any truth to this story at all. I don't doubt you have read such. I have read such as well. But never from any credible source, and never with any source attribution.

OK, I think we agree on this. I was never meant to say it was necessarily true. I just found it interesting and mentioned it, in relation to CSW's comment that Bitcoin will somehow die in 2019. I saw/heard this comment being spoken by CSW himself in a YouTube video. Found it, link below (just press Play, I've positioned it at the exact time he says it):

https://www.youtube.com/watch?v=MXMCzhwm554&feature=youtu.be&t=1205

I watched it again and it seems unrelated to the wallet cracking rumour, but still quite interesting IMHO. I must admit that I felt a little scared when I first heard that comment. I really thought he knows or is able to do/cause something very big that could result in a total collapse of Bitcoin. Most likely just CSW spreading fear...
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