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

[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.

[HairyMaclairy]

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.

I applied for a job once in the UK, as an adult.

They asked me for my high school transcript.  I told them to GFTO. 

[gentlemand]

I applied for a job once in the UK, as an adult.

They asked me for my high school transcript.  I told them to GFTO.  

I had to look up what such a thing is. Never heard of that before. It must have been a fancy establishment. Mine would read '1 hour of revision on the bus before exams. Most of class time spent playing Mortal Kombat down the seafront arcades.'

My experience of the expensively educated is that most are loud as fuck and rude as fuck. If they're a generation older they're also fucked up as fuck. Their parents paid significant sums to have their children removed from the home at an extremely young age and tortured by multiple strangers. Weird business proposition if you ask me.

[LUCKMCFLY]

The only solution for countries in crisis is in Bitcoin ..
 


Gold does contribute, but it is difficult to transfer from one place to another, many taxes, but the funds that are managed through Bitcoin are much larger and in seconds. It would be the ideal solution for these types of problems.

[lightfoot]

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

Why? One of the central tenets of Libertarianism is to own your shit. If someone is polluting my air, water, or screwing with my weather they either need to stop or compensate me for the loss.

When the old coal plants were working I had to wash my car every other week because of the dust. Now that they are gone I do not. Who do I send the car washing bills to?

The people who tend to get upset at people like this are usually ones who expect to get something for nothing and don't like being called out. The classic definition of a rotter.

[El duderino_]

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.

I applied for a job once in the UK, as an adult.

They asked me for my high school transcript.  I told them to GFTO. 

LoL I did met you.... you still are not an adult so skip the lie

Sorry to ruin your Opsec age ....

[Raja_MBZ]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

[gallianooo]

down below 9600$ in the next minute...

[BtcMan2009]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

I generally expect that ~$9400 will bounce up until the trade in the daily channel and it becomes narrow.

[plasticAiredale]

down below 9600$ in the next minute...

It didn't go below. Totally unacceptable.

[JayJuanGee]

well, i got to admit that i expected some more buys during the launch of bakkt. this is pathetic.

Of course this is too early to try to figure out anything from this values, but of course one can try to compare to what happened on similar occasions:

Bakkt Bitcoin futures launch volumes 75 times smaller than CME’s first day

By the close of Monday, a total of 72 BTC had been traded on Bakkt—75 times less volume seen than December 2017 launch of CME’s cash-settled futures offering, which saw the equivalent of 5,298 BTC traded on its first day, as noted by Alex Kruger.

Maybe institutional investors are having troubles getting over their trust in fiat hangup?

If the main  difference is that CME is cash settled and BAKKT is BTC settled, then institutional investors might appreciate CME more because they can engage in a kind of naked shorting, while BAKKT requires the usage of the actual asset that is more in-line with the actual vision of bitcoin.  In other words, CME might better enable institutional investors to screw with bitcoin - versus a more honest mechanism that would be represented by the BAKKT tool(s)? 

Am i on a wild goose chase in my thinking, here?

[Searing]

well, i got to admit that i expected some more buys during the launch of bakkt. this is pathetic.

Of course this is too early to try to figure out anything from this values, but of course one can try to compare to what happened on similar occasions:

Bakkt Bitcoin futures launch volumes 75 times smaller than CME’s first day

By the close of Monday, a total of 72 BTC had been traded on Bakkt—75 times less volume seen than December 2017 launch of CME’s cash-settled futures offering, which saw the equivalent of 5,298 BTC traded on its first day, as noted by Alex Kruger.

Maybe institutional investors are having troubles getting over their trust in fiat hangup?

If the main  difference is that CME is cash settled and BAKKT is BTC settled, then institutional investors might appreciate CME more because they can engage in a kind of naked shorting, while BAKKT requires the usage of the actual asset that is more in-line with the actual vision of bitcoin.  In other words, CME might better enable institutional investors to screw with bitcoin - versus a more honest mechanism that would be represented by the BAKKT tool(s)? 

Am i on a wild goose chase in my thinking, here?

I think you nailed it pretty well.

Though I think of a 'wild goose chase' anytime I think I know something about Bitcoin. It is a better option than thinking I know anything about Bitcoin. Besides constantly thinking

about wild geese in a race is more calming..then trying to figure out what that wretched wench Bitcoin is up to behind my back...grrrrr....