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

[OROBTC]

...

Reasonably respected personal finance author Robert Kiyosaki mentions in his recent book Fake three kinds of money:

-- "God's Money" (gold and silver)
-- "People's Money" (Bitcoin)
-- "Government Money" (fiat = FRNs, taxes must be paid in $/FRNs)

He's good with two of the above three, I'll leave it to you guys to guess which one he does not like...

[Raja_MBZ]

It's finally ready:

https://bitcointalk.org/index.php?topic=5193860.msg53124359#msg53124359

(my art submission)

Who's that guy on the bill?

Hmmm, I'm not so sure what you're referring to. Have you looked at the details provided in my post? You may simply count the column number x row number of the image and then scroll down to that Column x Row details. You'll not only find little (text) details about the image, but also the .PNG and .PSD file URL to that particular image.

Hmm, something went wrong :/
idk why, maybe i fucked something up, but i was referring to a different entry.

Oh LOL, it's OK.

That guy looks like Dorian Nakamoto as far as I can guess.

[JayJuanGee]

Guys, I've been reading this crazy stuff posted by someone called "Shelby Moore" (whose messages were recently re-posted in the WO thread by user THX 1138), about how all coins held in SegWit addresses will be donated to miners, as they are free-to-spend coins in the legacy (pre-SegWit) blockchain, and only the coins held in legacy addresses will stay intact and belonging to their owners (private key holders). Supposedly, this attack will occur near the 2020 Halving event and will wreak havoc, resulting in the legacy chain being resurrected from the dead and becoming the dominant one, and the SegWit chain disintegrating into oblivion and causing a massive BTC price drop to near-zero.

What do you make of this?

Some more Qs:

1. Is it possible to move any of our coins held in SegWit addresses to legacy addresses (so that they would belong to the legacy chain if the above attack does happen)? Does the fact that, at some point in their history, those coins were held in SegWit addresses, taint them in any way? Would they still be considered as fully belonging to the legacy chain once moved to legacy addresses?

2. Would you do it? Do you think it's worth it?

3. Do these questions even make any sense?

4. Am I wasting my time with all this?

Thanks for any insights.

You are quoting the ideas of a banned user who had been spouting off such nonsense for the last two years.  If everyone moved their segwit address coins to legacy addresses then such behavior would make such an attack more likely and more plausible... just what they
FUDDingly wished that all of us would do.  Fuck them.  Keep using Segwit.  It's a superior product.

[OROBTC]

...

Re Shelby Moore's theory of forced SegWit donations, I would suggest that there might be a way to see as the next months go by.

On the Long range advance notice! thread, I mentioned several block winners (pools) and listed the first six alphanumerics of their receiving wallets.   I examined 100 recent blocks to see who won, and their receiving addresses.  I chose 100 to get a reasonable sample to examine (blocks 604143 - 604242).  Of the 17 unique addresses (winners), seven were SegWit (3....) or Native SegWit addresses (bc1q....).  The "3" and the "bc1q" addresses won 33 of those 100 blocks.

My data is here:

https://docs.google.com/spreadsheets/d/1pLWVImy9E8O9A3yY4RcwkL-HZeiAFTcSudu8oTpk90I/edit?usp=sharing


I submit that the miners (who we presume are not dummies) will not allow their BTC from 3s to be stolen, so soon before we should expect that those SW receiving addresses would be changed to Legacy addresses (1....).

Perhaps all the advance notice we need is to observe if/when the above miners using SW addresses to switch them over to Legacy addresses in the run-up to (or perhaps just after) the May 2020 Halvening.

If they suddenly start switching..., then they would probably have a very good reason.

Your comments encouraged!

[Syke]

Guys, I've been reading this crazy stuff

Best not do that.

[Negotiation]

Looks like something you would pull out of your ass.

<...>

Possibly the worst chart projection I’ve seen here.

Correct answer bother i appreciate it.

[nutildah]

Guys, ...
What do you make of this?

Its complete bullshit.

1. Is it possible to move any of our coins held in SegWit addresses to legacy addresses (so that they would belong to the legacy chain if the above attack does happen)?

What do you mean "Legacy chain?" There's only 1 chain. SegWit addresses are just addresses displayed in a different format. They both are derived from the same type of private key.

Does the fact that, at some point in their history, those coins were held in SegWit addresses, taint them in any way? Would they still be considered as fully belonging to the legacy chain once moved to legacy addresses?

No. There is only 1 chain: the Bitcoin Blockchain.

2. Would you do it? Do you think it's worth it?

Your SegWit coins are not in any danger.

3. Do these questions even make any sense?

There are no bad questions, so yes.

4. Am I wasting my time with all this?

Yes. In short, a 51% attack would have to be carried out in order for the "anyone can spend" ruse to come to fruition. So they are just as safe as any other bitcoins in any other type of address.

Any time Shelby writes anything he's basically just saying "PAY ATTENTION TO ME!!!" Each and every time.

[legendster]

Is time traveling a thing

Who do we see in this picture??


Made it to the Belgian news
This picture, they do look similar .....

Or she has a really basic af face.

[VB1001]

Curious gonna watch Le Mans now... so 2h and 30min no price watching

Rick and I caught "Ford v Ferrari" this past weekend. Great film. Deserves to win a few awards IMO.

Rush, It is also a good movie.

[VB1001]

Announcing txstats.com

Coin Metrics and @BitMEXResearch are happy to announce the release of http://txstats.com , the successor to http://P2SH.info , an independent project created by Coin Metrics’ Lead Data Engineer, @khannib.

https://twitter.com/coinmetrics/status/1197167804845305859

https://txstats.com/dashboard/db/home-dashboard?orgId=1

[realr0ach]

Do you know why god created a devil or the sub-sistem?  So that your mindset goes out from the paradise. Do you know why it's not good to be in paradise? Because you don't evolve. Because you don't need to. So there is a negative force pushing you to think, to evolve and to find a solution. To get some experience before your consciousness evolves. We will reincarnate until we evolve enough to reach the next levels. So the president does not have to be picked from the god directly because there are sub-sistems created to manage  the lower areas.

Well, if we're getting into some fundamentalist shit:

[realr0ach]

Also, why does nobody in this stupid impeachment hearing ask to be shown where in the god damned constitution does it allow American citizens to have money stolen from them and sent to Ukranian Nazis?  Funding Nazis is great and everything, but I'm pretty sure the founding fathers did not create a system to physically steal money from you, put it on a truck, and send it to other countries 24 hours a day, 7 days a week.  The government is stealing from you and sending trucks full of money to Iran, to the evil Jews in Israel, and to Ukranian Nazis all at the same time.  How does that possibly make sense?

[makrospex]

An unusual incident happened tonight

Do you know why god created a devil or the sub-sistem?  So that your mindset goes out from the paradise. Do you know why it's not good to be in paradise? Because you don't evolve. Because you don't need to. So there is a negative force pushing you to think, to evolve and to find a solution. To get some experience before your consciousness evolves. We will reincarnate until we evolve enough to reach the next levels. So the president does not have to be picked from the god directly because there are sub-sistems created to manage  the lower areas.

#nooffense
Now read this: "heaven" and "hell" are nothing more than metaphoric synonyms for states of mind.
"heaven" for nirvana, enlightment and so on, while "hell" refers to suffering, misery, dystopia.
The original message of Jesus was distorted by the church, they just put in their own interpretations while translating the bible sources.
Over and over again.
Also, the name of god (JHW) was translated wrongly as "he, who is" (jehowa). Instead it was (jahwe) "all that is".
Otherwise, how could god be in all things, even inside us (#nohomo) and everywhere else?

Nietzsche (philosopher and writer) once came to the conclusion, that heaven and hell are not places we go to after death, but states of mind in a human life.
Take some sermons of Jesus, put them in contrast to this information and they finally start to make sense.

Is this blasphemy?
NO, in fact it's the opposite!

Short version: GET REAL  
Religion is a good thing, once it's not used to control people.
Only buddhism, which is not a religion, comes close to that, and the original christian movement was very alike.

I could go on and on about this, but i don't have the time to convince you and all...

#meditate

EDIT: I respect and accept every different belief.
#nooffense

[JSRAW]

Tried Terminator Resistance.  Not very good gameplay.  It uses Unreal Engine 4 - a laggy as shit, high overhead, low performance engine.  Going to try Borderlands 3 next which uses the same engine.  I have a theory all Unreal Engine 4 games are crap.  The engine doesn't even really feel suitable for real-time video games.  The UE4 render pipeline is just too convoluted with bullshit more suitable for rendering a movie than a game.  

Unreal Engine 3 was also bad, and most of it's games were crap as well, but there were a few decent ones like Borderlands 1-2.  Having said that, even it's good games had a total lack of physics, which is pretty inexcusable considering HL2 engine had amazing, perfect physics YEARS ago near the same era utilizing barely any overhead at all.  Now I'm seeing Unreal Engine 4 games with the same bullshit total lack of physics in 2019 - totally insane. EA's Frostbite engine was considered 'not optimal' for making games like Dragon Age: Inquisition, yet it's lightyears ahead of Unreal Engine 4 in performance, input lag, and everything else you can imagine.

My sentiments are more or less same as you when comparing UE4 to Frostbite. But i wouldn't say Frostbite is light years ahead. if you want to do case study then forget Dragon Age : Inquisition and check out "Anthem", visually spectacular game but performance wise not so. This discussion going on for quite some time now and i don't see any change in status quo for next decade or so. Frostbite's engine is tough nut to crack for their devs, even experienced devs finds its difficult to work with, Plus they don't get much help from community as compared to UE4 when it comes to bugs etc.

[becoin]

Your comments encouraged!

Nothing much to comment. Big blockers FUD. Halvening is getting closer and closer and bitcoin shorts will be rekt big time!

[alevlaslo]

[Raja_MBZ]

BTC seems in the mood of touching sub-$8000 numbers today.

[AlcoHoDL]

Guys, I've been reading this crazy stuff posted by someone called "Shelby Moore" (whose messages were recently re-posted in the WO thread by user THX 1138), about how all coins held in SegWit addresses will be donated to miners, as they are free-to-spend coins in the legacy (pre-SegWit) blockchain, and only the coins held in legacy addresses will stay intact and belonging to their owners (private key holders). Supposedly, this attack will occur near the 2020 Halving event and will wreak havoc, resulting in the legacy chain being resurrected from the dead and becoming the dominant one, and the SegWit chain disintegrating into oblivion and causing a massive BTC price drop to near-zero.

What do you make of this?

Some more Qs:

1. Is it possible to move any of our coins held in SegWit addresses to legacy addresses (so that they would belong to the legacy chain if the above attack does happen)? Does the fact that, at some point in their history, those coins were held in SegWit addresses, taint them in any way? Would they still be considered as fully belonging to the legacy chain once moved to legacy addresses?

2. Would you do it? Do you think it's worth it?

3. Do these questions even make any sense?

4. Am I wasting my time with all this?

Thanks for any insights.

Many thanks to everyone who replied to my above post. I also don't believe such an attack will happen, and if it does, it will fail miserably, just like all the others before it. Bitcoin is growing fast and getting bigger and stronger day by day, and FUD is expected to intensify, especially around the time before/after the 2020 Halving. Business as usual.

@nutildah: I know there's currently one chain, but during the attack there will be a fork and two chains will exist at that time, the SegWit one (current) and the Legacy one. Those who keep their coins in Legacy addresses will end up with the same coins in the Legacy chain, plus the same amount of coins in the SegWit chain (like the BCH airdrop). Those who keep their coins in SegWit addresses will end up with the same coins in the SegWit chain, plus the same amount of coins in the Legacy chain, but those coins (in the Legacy chain) will be "free-to-spend" and will be taken from us and given as a reward to the mines for switching their mining operations over to the Legacy chain. So, those with coins in SegWit addresses will eventually end up with only those SegWit coins (in the SegWit chain), whose value will drop to near-zero due to the majority of the miners mining for the Legacy chain and enjoying the riches of their rewards.

Sorry for the spaghetti paragraph above, but that's how I understand it. It looks like total FUD to me, and it's not at all my intention to spread it, but I think it's worth discussing the different possibilities and the plausibility of different scenarios. More info = more security. Better safe than sorry.

[Lauda]

Many thanks to everyone who replied to my above post. I also don't believe such an attack will happen, and if it does, it will fail miserably, just like all the others before it. Bitcoin is growing fast and getting bigger and stronger day by day, and FUD is expected to intensify, especially around the time before/after the 2020 Halving. Business as usual.

For fuck sake already. Are you THAT boneheaded? Doing what is described is not any different than launching a hard fork attack of any kind, i.e. there IS NO ATTACK. Just stop.

So, those with coins in SegWit addresses will eventually end up with only those SegWit coins (in the SegWit chain), whose value will drop to near-zero due to the majority of the miners mining for the Legacy chain and enjoying the riches of their rewards.

You are really pushing it with these constructed lies. The scenario that you described is impossible as the governance structure doesn't work like that, not that you'd ever understand it.

but I think it's worth discussing the different possibilities and the plausibility of different scenarios. More info = more security. Better safe than sorry.

No, it is not. You're just an idiot attempting to waste valuable time from contributors. Anyone who has ever discussed this "attack" has harmed the main contributors in many ways.

Your comments encouraged!

STOP spreading FUD and LIES. You are damaging newbies and should be flagged. There's your comment, cunt.

Your comments encouraged!

Nothing much to comment. Big blockers FUD. Halvening is getting closer and closer and bitcoin shorts will be rekt big time!

Ace.

[El duderino_]

BTC seems in the mood of touching sub-$8000 numbers today.

Bitcoin is being a little bitch. Observing $7,948. This is fine.

EDIT: Don't even bother looking at @whalecalls. It's not pretty.

So I guess today I’m waking up bad ......