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

[Saint-loup]

Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40%

Bitcoin’s (BTC) network hash rate dipped a record 40% yesterday, Sept. 23, in a sudden shock for the network.

https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40

Someone does not pay the electricity bill.

Yes I saw that
The same day of the Bakkt launch and after a bull run of several months...🤔
I really don't like that... a big bear trap is coming  

[mindrust]

We always enjoy some hopium, but for sure I will sell some if we go 20k again, maybe 10% but this is only because I expect a strong resistance there and wait to buy more once a correction happens. Long term im Bullish AF, but its always good to accumulate more if possible.

Many will sell at 20k. It will be a hard nut to crack IMO.

Not me, that would mean I've wasted 2+ years of my life as I could have cashed out in 2017. Now only $50k+ not a cent less (and only about 20-30% of my stash)  

Same here.

I also won't lift a finger, at least till I see $50k in the scoreboard. I had the chance to cash out in Dec/2017 but I didn't because it wasn't going to make my life better.

Tbh, even $50k is not that great but it'll do something.

[Cryptotourist]

Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40%

Bitcoin’s (BTC) network hash rate dipped a record 40% yesterday, Sept. 23, in a sudden shock for the network.

https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40

Someone does not pay the electricity bill.

40%? Maybe at blockchain.com
Else it's merely ~13% (95.55E>82.98E) - or somewhere in between.



~ yawn

[Negotiation]

What helps #Bitcoin:
+ Increased liquidity
+ Long-only regulated products
+ Long-term strategic investments
+ Adoption in payment systems
+ Utility on higher layers
+ UI developments
+ Dedicated full-time employees
+ Venture investments
+ Low time preference
> What else?
Source: https://twitter.com/gaborgurbacs/status/1176100207131602944

[Saint-loup]

Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40%

Bitcoin’s (BTC) network hash rate dipped a record 40% yesterday, Sept. 23, in a sudden shock for the network.

https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40

Someone does not pay the electricity bill.

40%? Maybe at blockchain.com
Else it's merely ~13% (95.55E>82.98E) - or somewhere in between.



~ yawn

It is simply slowly growing back.
But according to coin dance it fell to 57 EH/s yesterday
https://coin.dance/blocks/hashrate/linear

[ivomm]

Someone does not pay the electricity bill.

My theory is that some weird little Greta Thunberg lookalike has invented a miner the size of a pea more powerful than several million normal ones and is too autistic to tell anyone about it. It looks like it fell out of her nose ring and rolled down a drain.

Ahhh shit, I saw that young girls speech yesterday. Not my kind of thing, something wrong with that kid. It’s either forced on her by parents or she’s just outrageously odd.

The whole speech is socialist bull shit btw, embarrassing.

She could burn Trupm with her eyes 

https://www.boredpanda.com/greta-thunberg-speech-trump-glare/?utm_source=facebook&utm_medium=social&utm_campaign=BPFacebook&fbclid=IwAR05ZiwGkJ4888m7WNQItuBhm2YH9FjAz5pwaDxCJlLeLtR-iXwRXLKGc90

[gentlemand]

She could burn Trupm with her eyes 

She's pure Chucky.

I imagine Gaia puked her out of the Earth's core rather like those giant and arsey thingies in Pacific Rim.

[vapourminer]

This is worth keeping an eye on, because it could become an existential threat to encryption.

Good thing that Bitcoin does not employ encryption, hunh?

make proof of drama the new proof of work and nothing will touch it for millions of years..

[lightfoot]

The problem is more the old coins stuck in old adress types (P2PK addresses, so unhashed) that haven't moved (e.g. Satoshi's coins).

I'm not too worried about Quantum Computing. It's pretty simple to build a QC to give you an answer to the problem, but thanks to noise you have no way of knowing if it is a right answer.

Kind of like using a PC with bad memory chips.

[HairyMaclairy]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

[wachtwoord]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

[Dabs]

Unused addresses don't have the public keys available. Used or reused addresses have published public keys. Those are the ones more likely to be cracked by quantum computing first.

Multi-sig addresses, even if reused won't be a problem.

[wachtwoord]

The problem is more the old coins stuck in old adress types (P2PK addresses, so unhashed) that haven't moved (e.g. Satoshi's coins).

I'm not too worried about Quantum Computing. It's pretty simple to build a QC to give you an answer to the problem, but thanks to noise you have no way of knowing if it is a right answer.

Kind of like using a PC with bad memory chips.

Worried is a big word but this will be done one day and cause major turbulance in markets.

[Asrael999]

Bitcoin Network Hash Rate Mysteriously Flash Crashes by 40%

Bitcoin’s (BTC) network hash rate dipped a record 40% yesterday, Sept. 23, in a sudden shock for the network.

https://cointelegraph.com/news/bitcoin-network-hash-rate-mysteriously-flash-crashes-by-40

Someone does not pay the electricity bill.

https://www.coindesk.com/inner-mongolia-to-shutdown-illegal-bitcoin-miners-by-october-as-china-phases-out-industry

relatively old news - but worth remembering that one of Bitmains biggest mining farms is in Ordos in Inner Mongolia.

[wachtwoord]

Unused addresses don't have the public keys available. Used or reused addresses have published public keys. Those are the ones more likely to be cracked by quantum computing first.

Multi-sig addresses, even if reused won't be a problem.

P2PK (the oldest of adresses) are vulnerable. P2PKH and P2SH not unless re-eused.

[HairyMaclairy]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

Yes Boris Johnson is an ugly little shit

[HairyMaclairy]

Unused addresses don't have the public keys available. Used or reused addresses have published public keys. Those are the ones more likely to be cracked by quantum computing first.

I don’t think that’s how math works.  Happy to be persuaded otherwise.

[wachtwoord]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

Yes Boris Johnson is both ugly and short

Isn't Boris the guy that made UK politicians fuck off for 5 weeks? My kind of guy

[HairyMaclairy]

I never cease to be impressed how leaders of the free world are scared of a 16 year old girl

Scared? More like annoyed by the ugly little noise maker :p

Yes Boris Johnson is both ugly and short

Isn't Boris the guy that made UK politicians fuck off for 5 weeks? My kind of guy

His actions were ruled unconstitutional 3 hours ago. 

[gentlemand]

Yes Boris Johnson is both ugly and short

Boris's father keeps trying to fuck my aunt. The poor woman also sat next to Boris at dinner once upon a time. The only question he grunted at her was 'where did you go to school?' and when it wasn't fancy enough he ignored her for the rest of the night.