Bitcoin Forum
January 24, 2022, 03:11:30 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Highest price we'll see in 2022:
50,000 - 0 (0%)
60,000 - 0 (0%)
70,000 - 0 (0%)
80,000 - 0 (0%)
90,000 - 0 (0%)
100,000 - 0 (0%)
125,000 - 0 (0%)
150,000 - 0 (0%)
175,000 - 0 (0%)
200,000 - 0 (0%)
225,000 - 0 (0%)
250,000 - 0 (0%)
275,000 - 0 (0%)
300,000 - 0 (0%)
>300,000 - 0 (0%)
Total Voters: 0

Pages: « 1 ... 24794 24795 24796 24797 24798 24799 24800 24801 24802 24803 24804 24805 24806 24807 24808 24809 24810 24811 24812 24813 24814 24815 24816 24817 24818 24819 24820 24821 24822 24823 24824 24825 24826 24827 24828 24829 24830 24831 24832 24833 24834 24835 24836 24837 24838 24839 24840 24841 24842 24843 [24844] 24845 24846 24847 24848 24849 24850 24851 24852 24853 24854 24855 24856 24857 24858 24859 24860 24861 24862 24863 24864 24865 24866 24867 24868 24869 24870 24871 24872 24873 24874 24875 24876 24877 24878 24879 24880 24881 24882 24883 24884 24885 24886 24887 24888 24889 24890 24891 24892 24893 24894 ... 30193 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25529902 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.)
d_eddie
Legendary
*
Offline Offline

Activity: 1666
Merit: 1740



View Profile
September 14, 2019, 04:00:41 AM
Merited by xhomerx10 (1)

Gashes or cleavage?
Unrelatedly staring
at a fissured wall

#haiku
1642993890
Hero Member
*
Offline Offline

Posts: 1642993890

View Profile Personal Message (Offline)

Ignore
1642993890
Reply with quote  #2

1642993890
Report to moderator
1642993890
Hero Member
*
Offline Offline

Posts: 1642993890

View Profile Personal Message (Offline)

Ignore
1642993890
Reply with quote  #2

1642993890
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Biodom
Legendary
*
Offline Offline

Activity: 2912
Merit: 2143



View Profile
September 14, 2019, 04:11:40 AM
Last edit: September 14, 2019, 04:37:27 AM by Biodom

Or maybe no one will EVER understand what the fuck bitcoin actually is.

Right, like that's really a private key underneath that scratcher?  Pretty fucking lazy scam if you ask me.

I don't think that they are complete morons.
There must be an explanation that makes it something that can work, at least theoretically.

Upon further check, there is a procedure, not sure how well it would work.
First, passphrase is printed, then covered, then encrypted key unlocked by the passphrase is randomly generated at the second location.
They claim that after wallet's private key (encrypted) is printed on the wallet, the data is destroyed (at their end).

TL;DR they generate the passphrase and an encrypted private key in two different geographic locations, then apply both (together or in sequence?) to the wallet printout/etching.
kingcolex
Legendary
*
Offline Offline

Activity: 2366
Merit: 1258



View Profile
September 14, 2019, 04:45:37 AM

Gashes or cleavage?
Unrelatedly staring
at a fissured wall

#haiku

Gashes always, more fun to fuck than tits, they bitch when they get a dick hitting them in the chin for 10 minutes.
kingcolex
Legendary
*
Offline Offline

Activity: 2366
Merit: 1258



View Profile
September 14, 2019, 04:48:32 AM
Merited by JayJuanGee (1)

Ballet - The World’s First Multicurrency, Non-electronic Hardware Wallet.

Complete with scratch off private key.  Erm lol thanks Bobby Lee.  




https://www.kickstarter.com/projects/balletcrypto/ballet-cryptocurrency-hardware-wallet


Well, it has limitations, of course, but it is a bit more durable than a sheet of paper.
At the same time it weights less than 100g or a kilo gold bar and...you can load it into a phone and/or exchange wallet quickly.
It might become popular... or not.
NOT sure how they would prevent scamming by a dishonest employee (who has access) if the private key is already pre-printed.
I am a fuck up and trusted a similar situation with the Swiss notes, I got lucky and no one stole that private key and I put 3 btc on it, which hit the 20k during the bull run.


I had 60,000 usd value on a FUCKING private key generated by someone else, let that settle in how retarded I am, I was lucky they didn't have a thief at their company at the mine was generated or it would have been gone.


I doubt anyone will get as lucky with these.
jojo69
Legendary
*
Offline Offline

Activity: 2338
Merit: 3126


1/21000000 , the only math you need to know


View Profile
September 14, 2019, 05:11:03 AM

Ballet - The World’s First Multicurrency, Non-electronic Hardware Wallet.

Complete with scratch off private key.  Erm lol thanks Bobby Lee. 




https://www.kickstarter.com/projects/balletcrypto/ballet-cryptocurrency-hardware-wallet


what the actual fuck??

not your keys folks...jesus
mindrust
Legendary
*
Offline Offline

Activity: 2408
Merit: 2192



View Profile
September 14, 2019, 05:16:09 AM

Ballet - The World’s First Multicurrency, Non-electronic Hardware Wallet.

Complete with scratch off private key.  Erm lol thanks Bobby Lee. 




https://www.kickstarter.com/projects/balletcrypto/ballet-cryptocurrency-hardware-wallet


what the actual fuck??

not your keys folks...jesus

You can't even prove that somebody else stole the coins. They'll accuse you instead and there is nothing you can do about it. This is perfect for selective scamming. Scam every 10.000th person and nobody will give a fuck about him.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2483


<<CypherPunkCat>>


View Profile WWW
September 14, 2019, 06:09:41 AM
Merited by fillippone (1)

Quote
Bank's views on bitcoin:

2010: laughs
2011: laughs
2012: laughs
2013: laughs
2014: laughs
2015: laughs
2016: laughs
2017: laughs
2018: laughs
2019: PBOC, Fed, ECB, BoE, and the IFM announce the support/development/launch of digital currencies.

That escalated quickly.
https://twitter.com/Rhythmtrader/status/1172528846094176256

Banks are the hyenas of the economy, they are hypocrites, scammers and greedy, never trust a banker, even if it's from your family.
Apart from the banks too many people laugh at Bitcoin but very soon they will cry.

mindrust
Legendary
*
Offline Offline

Activity: 2408
Merit: 2192



View Profile
September 14, 2019, 06:17:50 AM
Merited by JimboToronto (1)

The only bankster I trust is myself because I am my own bank.  Grin
becoin
Legendary
*
Offline Offline

Activity: 3066
Merit: 1156



View Profile
September 14, 2019, 06:49:32 AM

Or maybe no one will EVER understand what the fuck bitcoin actually is.

Right, like that's really a private key underneath that scratcher?  Pretty fucking lazy scam if you ask me.

I don't think that they are complete morons.
There must be an explanation that makes it something that can work, at least theoretically.

Upon further check, there is a procedure, not sure how well it would work.
First, passphrase is printed, then covered, then encrypted key unlocked by the passphrase is randomly generated at the second location.
They claim that after wallet's private key (encrypted) is printed on the wallet, the data is destroyed (at their end).

TL;DR they generate the passphrase and an encrypted private key in two different geographic locations, then apply both (together or in sequence?) to the wallet printout/etching.

This is not new and it is not done the way it should be done!

There is a secure cryptographic procedure to turn YOUR Passphrase into an Intermediate Code and give this Code to the manufacturer. This was first offered by Mike Caldwell (Casascius) in 2012 and applied in the last series of his casascius coins.

https://bitcointalk.org/index.php?topic=129552
https://casascius.wordpress.com/2013/01/26/bitcoin-address-utility/

But then, what Bobby Lee is suggesting is NOT the same because HIS Team1 is generating the passphrase for the intermediate code to be used by HIS Team2.

 
Globb0
Legendary
*
Offline Offline

Activity: 2660
Merit: 2029


Free spirit


View Profile
September 14, 2019, 07:06:38 AM


That chip size excites me.
mindrust
Legendary
*
Offline Offline

Activity: 2408
Merit: 2192



View Profile
September 14, 2019, 07:22:07 AM
Last edit: September 14, 2019, 09:07:24 AM by mindrust

Bitcoin, what is it? Why you should buy NOW!?

If you don't know who this is, he is a pretty famous early adopter. He has many precious metal videos before he knew about bitcoin too. He was literally screaming at everybody to get in when it was pennies. Warned people before the Mt. Gox collapse.

Now he gives the buy signal by simply saying...

BUY

From the video:

Quote
Put 0.1% of your wealth in Bitcoin. If I am right, that 0.1% will cover all the losses from your other assets.

Pretty hardcore shit.
fillippone
Legendary
*
Offline Offline

Activity: 1316
Merit: 7885


Merit Rascal- Filthy, mustachioed, lustful Italian


View Profile
September 14, 2019, 07:46:52 AM

Quote
Bank's views on bitcoin:

2010: laughs
2011: laughs
2012: laughs
2013: laughs
2014: laughs
2015: laughs
2016: laughs
2017: laughs
2018: laughs
2019: PBOC, Fed, ECB, BoE, and the IFM announce the support/development/launch of digital currencies.

That escalated quickly.
https://twitter.com/Rhythmtrader/status/1172528846094176256

Banks are the hyenas of the economy, they are hypocrites, scammers and greedy, never trust a banker, even if it's from your family.
Apart from the banks too many people laugh at Bitcoin but very soon they will cry.



Yeah,
Not only CB’s are developing their crypto/digital version  of their own shitcoin (whatever that mean, as today shitcoins weren’t digital enough), but they are actually U-turning from declarations on the Past: I saw a good they, so I am using his words:


Quote
They're so scared that are backpedaling on their previous declarations like "central bank digital Euro is not to be expected any time soon" (May 2017)

 France, Germany blast Facebook's Libra, back public cryptocurrency

https://twitter.com/ferdinando1970/status/1172602320686919681


From the same twitter Thread

Quote
July 2014: @EBA_News invited financial institutions not to buy, hold, or sell virtual currencies [sic] that did not develop a reliable governance process. 5 years later: @Libra_ proposes an accountable reliable governance process to regulators and the answer is "you cannot do it"

They are definitely panicking.
VB1001
Legendary
*
Offline Offline

Activity: 938
Merit: 2483


<<CypherPunkCat>>


View Profile WWW
September 14, 2019, 07:51:17 AM



Quote
Coinbase gradually increased its market share from 24 percent to 32 percent during this period, taking share primarily from Bitfinex which fell from 25 percent to 19 percent. Bitfinex’s reduction in market share is understandable given its longstanding issues with timely withdrawals and a heightened regulatory environment. As more exchanges limit access to U.S.-based traders, we expect more trading activity to concentrate on Coinbase, the primary Bitcoin-U.S. Dollar market.



Quote
Bitcoin-Tether markets show a similar level of concentration with trading activity heavily concentrated on Binance and Huobi. LBank, HitBTC, and ZB.COM also have moderate levels of reported volume, although Coin Metrics’ internal scoring framework indicates that these exchanges are likely to report a higher fraction of fake volume. In total, these five exchanges consist of roughly 95 percent of reported traded volume. Volume in Bitcoin-Tether markets are greater than Bitcoin-U.S. Dollar markets – Binance’s peak average volume is roughly twice the magnitude of Coinbase’s peak average volume.

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-96e

Too much concentrated volume, "Not your keys, not your BTCitcoin"
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 07:52:49 AM

You can't mine just 1 bitcoin for $6k. You could try. Otherwise, the price is indeed determined solely by traders. Some miners are also traders. Some miners are not.

Of course you can mine "just 1 bitcoin".  It's called 'pool mining'.  Why are you trying to trick people into believing the price of Bitcoin can go to infinity without mining massively expanding along with the price?  The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.  And mining is already too huge to increase by an order of magnitude or higher to buffer prices that elevated or it would use more power than the entire United States.  People claiming the price can go to $100k after halving are retard scammers.
serveria.com
Hero Member
*****
Offline Offline

Activity: 1428
Merit: 845


Balls of steel. This time is different.


View Profile WWW
September 14, 2019, 07:56:39 AM

Ballet - The World’s First Multicurrency, Non-electronic Hardware Wallet.

Complete with scratch off private key.  Erm lol thanks Bobby Lee. 




https://www.kickstarter.com/projects/balletcrypto/ballet-cryptocurrency-hardware-wallet


what the actual fuck??

not your keys folks...jesus

You can't even prove that somebody else stole the coins. They'll accuse you instead and there is nothing you can do about it. This is perfect for selective scamming. Scam every 10.000th person and nobody will give a fuck about him.

It's actually enough to scam just ONE person with enough coins. Who's going to believe your story?  Huh
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:13:35 AM



Another day of shitcoin scammer Micgoossen's lies and dipshittery.  Here's what's actually occurring in that picture.  First of all, "shells" aren't money - they do not have the qualifying traits, and they were never ubiquitously used as such either, so it's stupid to even include them in the chart.  They're not fungible, they're not durable, etc, etc.  The instances of people attempting to use things like rice as money were probably ENORMOUSLY higher than anyone ever using 'shells', but shitcoin scammer idiots like Nick Szabo INSIST on using 'shells' as an example to make it SEEM like anything can qualify as money when it's not the case.

Out of your personal example of "shells", gold, and gold coins, all three are used as both a transactional unit (currency) and a settlement system (money) at the same time.  In the case of the latter three: notes, bank accounts, and Bitcoin, those are all solely transactional units (currency) and NOT settlement systems (money).  It's a complete apples vs oranges comparison.  No form of settlement has EVER taken place in all of history without a real world object being exchanged because digital 1's and 0's are completely useless to humans.  A real world object must be transferred at some point for settlement to occur.
becoin
Legendary
*
Offline Offline

Activity: 3066
Merit: 1156



View Profile
September 14, 2019, 08:14:18 AM
Merited by VB1001 (1)

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:16:45 AM

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!

That's called seigniorage fee, which is a TAX.  It's a TAX forced on you by the barrel of a gun.  Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons. Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force.  Even if that was the case, nobody gives a flying shit about ANYTHING govt says now.  

The only way the price of Bitcoin can be $100k while only having a $6k cost of production is if mining is a completely centralized monopoly, which you tards are hesitant to admit that's what your banking on because it would mean Bitcoin is a complete scam of zero value.  And good job VB1001 for meritting becoin's idiotic answer.  Typical shitcoin scammer lies and buffoonery on display 24/7 in this thread.
becoin
Legendary
*
Offline Offline

Activity: 3066
Merit: 1156



View Profile
September 14, 2019, 08:22:55 AM

The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.

Of course, it CAN!
The price of a $100 bill is $100 while production cost is just 17 cents!

That's called seigniorage fee, which is a TAX.  It's a TAX forced on you by the barrel of a gun.  Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons.  Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force.  Even if that was the case, nobody gives a flying shit about ANYTHING govt says now.

Nobody can force anyone to use Bitcoin to extract seigniorage fee. People are doing it voluntarily because fucking military or nuclear weapons are useless against Bitcoin!
realr0ach
Sr. Member
****
Offline Offline

Activity: 924
Merit: 311


#TheGoyimKnow


View Profile
September 14, 2019, 08:26:51 AM

Like I said before:

The only way the price of Bitcoin can be $100k while only having a $6k cost of production is if mining is a completely centralized monopoly, which you tards are hesitant to admit that's what your banking on because it would mean Bitcoin is a complete scam of zero value.

So fucking tired of you jackass scammers.
Pages: « 1 ... 24794 24795 24796 24797 24798 24799 24800 24801 24802 24803 24804 24805 24806 24807 24808 24809 24810 24811 24812 24813 24814 24815 24816 24817 24818 24819 24820 24821 24822 24823 24824 24825 24826 24827 24828 24829 24830 24831 24832 24833 24834 24835 24836 24837 24838 24839 24840 24841 24842 24843 [24844] 24845 24846 24847 24848 24849 24850 24851 24852 24853 24854 24855 24856 24857 24858 24859 24860 24861 24862 24863 24864 24865 24866 24867 24868 24869 24870 24871 24872 24873 24874 24875 24876 24877 24878 24879 24880 24881 24882 24883 24884 24885 24886 24887 24888 24889 24890 24891 24892 24893 24894 ... 30193 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!