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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25186176 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. (157 posts by 13 users deleted.)
Last of the V8s
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November 09, 2019, 12:05:40 AM

https://www.unchained-capital.com/blog/bitcoin-cannot-be-banned/

Quote
The only winning move is to play

Banning bitcoin is a fool’s errand. Some will try; all will fail. And the very attempts to ban bitcoin will accelerate its adoption and proliferation. It will be the hundred mile-per-hour wind that fuels the wildfire. It will also make bitcoin stronger and more reliable, further immunizing it from attack and reinforcing its antifragile nature.
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Reply with quote  #2

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November 09, 2019, 12:31:42 AM
Last edit: November 09, 2019, 01:09:05 AM by Hueristic

minors don't control the network

Adults do.


BTW, New World record on BitCoin testnet 2,734,797 transactions in a single block (528 MB)  
 https://stn.whatsonchain.com/block-height/4185


Well... you made it to the ignore list.

Congrats.


So as I was waiting about 9 hours in line yesterday to get that spicy Popeyes's Chicken sandwich I see none other than Roach come in and start a fight yelling the N word. You can imagine how it ended.

https://twitter.com/wokevideo/status/1192471002321522689?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1192471002321522689&ref_url=https%3A%2F%2Fwww.infowars.com%2Fpopeyes-chaos-angry-americans-fight-over-coveted-chicken-sandwich%2F

Anyway's, here are tons of examples of American's losing their minds for that spicy fried food of the God's.

https://www.infowars.com/popeyes-chaos-angry-americans-fight-over-coveted-chicken-sandwich/

You ask, what does it all mean Slayer? How will this affect the price of Corn in China.

Well Ill tell you how.

We will start a grass roots movement right here on W.O. and begin spreading a rumor that each Bitcoin is backed by 2500 Spicy or Classic Popeyes Chicken Sandwiches. We do this by infiltrating peasant public bathrooms and writing it on the walls and also astroturfing social media with the rumor.

Soon everyone will be buying corn like their life depends on it.

The Popeyes fiasco is not a sign of America preparing to lose first world status, rather it is a practice run for the true Fomo when King Bitcoin makes himself known to all the peasants and middle class. These people will die for fried chicken, imagine what they will do for sound money.



I was at this burger joint today and ordered a ribeye sandwich and noticed a sign kind of hidden that posted they had Ostrich burgers and i said to the guy next to me "Shit if I had seen that I would have tried it. And he goes "Did you try that chicken.." I cut him off with "Fuck that I ain't gonna stand in line with a bunch of retards stabbing each other for fucking Chiken!". The place also serves Bufflo, Elk and Kobe burgers. There was one person in front of me.

I'll never figure people out.

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November 09, 2019, 12:53:45 AM

Why is nobody attempting to fool the goyim into buying cashless society slavery system tokens instead of physical metals??? Where is last of the four cylinders when you need him?  Oh, there he is.

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November 09, 2019, 01:22:09 AM



https://www.reddit.com/r/Bitcoin/comments/dte7u2/a_gift_from_my_dearest_friend_that_i_received_on/
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November 09, 2019, 01:55:27 AM

Are there non-physical metals? Because I keep wondering why you call them physical metals, when you can call them just metals.
Yes
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November 09, 2019, 02:16:40 AM

Roll Eyes It's what the humans call a 'typo'.

I thought jb was using an upgraded jjg algorithm.  Huh
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November 09, 2019, 03:29:52 AM

I haven't kept up much on chair technology, but it's very difficult finding a decent chair. The sub ~$120 are all cheap pieces of shit that break in 6 months. The expensive ones often have quirks that make them uncomfortable over long periods of time. But you know this all already.

The one I use at home is very similar to the one in your lower photo. I've had it for 3 years or so, and it's held up well.

At work, the company buys my chairs, so I've been getting expensive ones. 5 years ago, I bought a Steelcase Leap V2. It ended up giving me back problems. The same thing happened to two other people I know with the Leap. Recently, I replaced it with a Herman Miller Aeron. It's better, but overrated. The lumbar support does nothing, and the hard plastic edge at the top of the back forces me to hunch forward a bit. I'd rather have my cheap chair from home.

I wouldn't pay full price for these chairs even with my employer's money. I got them for relatively cheap at https://www.madisonseating.com/ They buy huge lots of used chairs from bankrupt companies and refurbish them.
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November 09, 2019, 03:50:28 AM

Gonna visit Trollgoossens, Last of the v8, and JayJuanGee's house and sing them all welfare carols for Christmas after silver $150-500 and Bitcoin $0.



What f*****g to happen,
 how to possible  Bitcoin $0 after Christmas ?
i don't agree to this.
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November 09, 2019, 03:51:19 AM

Recently, I replaced it with a Herman Miller Aeron. It's better, but overrated. The lumbar support does nothing, and the hard plastic edge at the top of the back forces me to hunch forward a bit.

Have you read the the manual and adjusted it?  My back doesn't come anywhere near the plastic edge at the top as the chair is slightly tipped backwards when I sit in it (and my spine is vertical).  I swear by them but they are uncomfortable out of the box - they have to be adjusted.
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November 09, 2019, 04:29:56 AM

Recently, I replaced it with a Herman Miller Aeron. It's better, but overrated. The lumbar support does nothing, and the hard plastic edge at the top of the back forces me to hunch forward a bit.

Have you read the the manual and adjusted it?  My back doesn't come anywhere near the plastic edge at the top as the chair is slightly tipped backwards when I sit in it (and my spine is vertical).  I swear by them but they are uncomfortable out of the box - they have to be adjusted.

Yes. It could have to do with the difference in our sitting positions. i like to lean back maybe 20-25°
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November 09, 2019, 05:53:20 AM

🔄
 Binance 24 hour Trade Volumes:
🔶
 http://Binance.com: $1,276,526,045
🌐
 Binance DEX: $956,065
🇯🇪
Binance Jersey: $569,628
🔮
Binance Futures: $1,359,741,977
🇺🇸
Binance US: $7,932,133
💵
 Total: $2,645,725,849

Futures (BTC only) is bigger than Spot (all coins combined).


from source: https://twitter.com/cz_binance/status/1193035375087718402




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November 09, 2019, 06:47:57 AM

...

JJG

fillippone's comment 507835 on at page 25392.  


Ok.  Thanks OROBTC for pointing out the post.  I found it.  Here is the link for easy future reference.

Usually it is better to provide the link to the post, rather than referring to its post number or its page number because post number and page number will change, and in this case, the post number has already changed to 507834, as I type, but if someone deletes some posts in front of that post, then its number will change again.

His comments on encryption, the Internet, etc. being similar to how the Netherlands developed their swampland and became a economic powerhouse is what I refer to.  Sorry for the bad communication.

Ok.  No problem.  I had not read the article because I did not want to enter my e-mail, so I only saw the blurb that fillioppone seemingly had excerpted out of the article.

EDIT:  Of course not all the story is written re BTC and the future of crypto. 


Sure, it can be informative to attempt to make historical comparisons, and maybe we also learn some history along the way, too.


I recognize that it is very possible that a better crypto may come along in due course, although it looks like the current crop of Alts are, well, shitcoins for now.

I would phrase the proposition a bit differently, which is that Bitcoin is the only real and meaningful game in town.  All of the others are cheap and incomplete copycats, even when they are suggesting that they are doing something else or making some improvement to bitcoin, blah blah blah.

I largely agree that even if bitcoin is the best game in town, currently, we should not be such blind bitcoin maximalists as to either ignore everything else or to fail or refuse to hedge on some other coins or other projects in the event that something better might come along.  However, at the same time, there might be a decently large waste of brain power to be contemplating the possibility that something better might come to town when there is nothing meaningfully wrong with bitcoin that cannot be worked on etc etc.

Bitcoin is as about as perfect of a project as anyone could have imagined with incentives that are in place that cause motivations and incentives for peeps to build upon it.. to put efforts in place to freemarketly compete for it and within it... and for people to market it without getting paid and bitcoin not having any marketing team but not needing any marketing team because in the end a strong and scarce storage of value is likely going to gravitate value into it, whether we market it or not... or whether we work against it or not... Honey badger don't care.

Maybe you have heard about the theoretical suggestion that any coin to meaningfully compete against BTC and to truly take value from it in the long term (in terms of replacing it) should have something like a 10x improvement over BTC, so in other words, there may be some inferior technical aspects of bitcoin, but if the supposed improved technology that is meant to replace that inferior aspect of bitcoin is not at least 10x better, than they can fuck off or go kick rocks because no one is going to adopt that (at least no one smart and not in the long term), when the world already has bitcoin to do that function... one of the advantages of an incumbent that happens to have built in money that is built upon network effects, Schelling points and consensus.
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November 09, 2019, 07:02:32 AM

BoB and xhomerx are souls of the WO brother JJG one day you will understand  Kiss

JJG is probably the type of guy I would punch square in the in the fucking face, to knock him down to the ground, if we were to ever meet IRL.

Stop being ridiculous and an idiot.

Fact of the matter is that you are a whiner, and I am sorry that you are so god damned lamely emotional about ideas that are passed around on the interwebs, and you have to convert them into personal nonsense.   People do not attack me in real life, so why the fuck would I start experiencing it now, and you likely would not do it either, unless you are some kind of lame sociopath who cannot fit into normal interactions.

Would I call you a lame pussy in real life?  Probably not if I just met you, but if you kept whining on and on and on, like you do on the interwebs, most people would have to confront you in real life too about the need to grow some balls and to man ups, etc etc.

Then I'd extend my hand, offering to help him up, then take him out to a pub and get shitfaced on Guinness, becoming best of friends afterwards.

We are not in highschool dumb fuck.   Roll Eyes Roll Eyes

It's just the way the world works, sometimes. I don't make the rules.

You are retarded, if you believe that is how the world works.   Roll Eyes Roll Eyes

By the way, my earlier comment that Micpeeps is referencing was a kind of joke, and seems like both you and him cannot recognize jokes or maybe neither of you understand what the fuck is up, and taking matters way too personally and way too seriously.  In other words, there should be no need for me to have to 'splain myself and/or to point out actual humor and lightheartedness of a joke, which makes the joke a bit less funny, after there is a need to attempt to explain it to someone who is taking a trivial matter as personal....
therefore, I have to include some laughs here, just so that we might get some humor out of this should have been unnecessary need for me to clarify dynamics of the interwebs.    Cheesy Cheesy Cheesy Cheesy... but I feel like a psycho laughing here, so instead I will just have to roll my eyes, again.   Roll Eyes Roll Eyes Roll Eyes Roll Eyes


there now that I rolled my eyes, now I genuinely feel like laughing, and no longer feeling like a psycho for such conduct..    Cheesy Cheesy Cheesy Cheesy     Tongue Tongue


JJG is probably the type of guy I would punch square in the in the fucking face, to knock him down to the ground, if we were to ever meet IRL.

It's rather hard to punch a computer algorithm in the face.

Good point made by resident troll.   Wink (Don't start believing that I like you.  You fucktwat).
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November 09, 2019, 07:17:51 AM


Funny how much hopium is built into such a guy that has been pumping his bitcoin is going to zero nonsense since before I had even gotten into bitcoin.  He does say that he gets a decent amount of attention for his gold pumpening interactions with the bitcoin community.

Another funny thing is that he frequently says that he should have gotten into bitcoin at $10, when he first heard about it, while following up by saying that "now it is too late" blah blah blah.   He has been saying that a lot, and for some reason he seems to continue to fail/refuse to recognize the irony of such an ongoingly dumb statement.
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November 09, 2019, 07:38:29 AM


I think I see your problem. There in step four...

Math-inating is haaaaard. For some. Evidently.

Guess this is Toddlers way after fork to more than 21mio?

 Grin
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November 09, 2019, 07:58:59 AM

Both Google and Apple are punching ATH's lately while Bitcoin does recoil accumulation pose.  Cool   FED"s gotta prop up those markets, GO TRUM... cough, choke....
This is the bubble that BTC hedges!



Remember that bitcoin has been accused, accused and accused of being in a bubble, too.

Historically bitcoin's bubble has evolved like this:



Gonna visit Trollgoossens, Last of the v8, and JayJuanGee's house and sing them all welfare carols for Christmas after silver $150-500 and Bitcoin $0.



What a fantasy that you have.  You are an ugly fuck.
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November 09, 2019, 08:17:43 AM

OK, back to this.

Okay. Let's examine this together, shall we? Here's your original post:


https://twitter.com/rusty_twit/status/1187995784957947904?s=20 ?
Nope, no evidence in there. Discussion and allegation, no evidence.

The only reason you are correct here is because he was analyzing the wrong set of blocks, which you didn't know until right now. The fuckup happened in a block previous to 600,000 -- read below.

https://twitter.com/rusty_twit/status/1189678498337574912 ?
Maybe. Not dispositive, however. The total of penalty txs over the probable time interval of the event show less than 1BTC lost through penalty txs. But tell me - why is it assumed that there were penalty claims?

It is glaringly a dispositive. During the previous 10,000 block period there were exactly 6 penalty transactions totaling 0.09746883 BTC. It is less than 1/10th of 1 BTC -- not just "less than 1 BTC." A penalty transaction has distinct characteristics:

Quote
LN channel = multisig UTXO.

To change channel balance write new tx spending the UTXO. Both sign but dont broadcast.

They all:

- are V0_P2WPKH type transactions
- are roughly the same size of 237-238 B, 121 vB, 483-484 WU
- use SegWit addresses

There is a way to filter through transaction data based on this criteria.

If his counterparties were on the beneficial side of a stale closing tx, what is their incentive to issue a penalty? They stand to win more through just letting the mistaken stale tx broadcasts lie as is. Seems we need to at least consider that possibility before closing the case. As at least one scenario.

So far none of the 400 nodes connected to him reported receiving any funds. What is more likely is he has the funds, can't access them, and they are far fewer than 4 BTC in total.


There are LN experts working pretty hard to help this guy recover his funds.

https://github.com/lightningnetwork/lnd/issues/2468

It seems like this guy did everything wrong on purpose. Its hard to believe someone would crash through several safeguards so recklessly if he cared at all about his BTC. My bet is when his funds are restored it will surface that the total "lost" was far less than 4 BTC.
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November 09, 2019, 09:24:25 AM


Remember that bitcoin has been accused, accused and accused of being in a bubble, too.

Historically bitcoin's bubble has evolved like this:



I agree with your think BTCbitcoin bubble everyday increased BTCbitcoin system BTCbitcoin not only a coin it is a future diamond in the world.
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November 09, 2019, 10:11:58 AM


Funny how much hopium is built into such a guy that has been pumping his bitcoin is going to zero nonsense since before I had even gotten into bitcoin.  He does say that he gets a decent amount of attention for his gold pumpening interactions with the bitcoin community.

Another funny thing is that he frequently says that he should have gotten into bitcoin at $10, when he first heard about it, while following up by saying that "now it is too late" blah blah blah.   He has been saying that a lot, and for some reason he seems to continue to fail/refuse to recognize the irony of such an ongoingly dumb statement.


Yes, that's an interesting irony.  Peter Schiff is and always has been, a well respected gold permabull cheerleader.  He will be seen to be correct now and again, but as far as he views BTC, it detracts from his main asset, and he will take every opportunity to talk the bear case.

Biases aside, that is a very bad long term chart (technically, having marked out a high  at 19500 , hard resistance at 13500 and then even more sharply at 10500 : 3 descending tops), as I said at the time. Any chartist worth their salt would be calling a long decline. If it was a stock, it would be a 'short to zero'.   

It is well established on this board that we ignore classic chart signals because BTC is 'different', but if Peter Schiff is to properly adhere to his own disciplines, he is consistent and correct.
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November 09, 2019, 11:15:01 AM




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