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

[jbreher]

My second bullet further makes the point by saying that you believe it's irrelevant if faketoshi is Satoshi (but BSvers for some reason still need to follow his truest implementation) 

It is irrelevant whether or not CSW is Satoshi precisely because the changes BSV is undergoing are bringing it closer to Satoshi's original protocol. We don't need Craig to dictate the direction because the whitepaper exists and because bitcoind 0.1 exists. We can read.

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[jbreher]

At $400k there won't be any normal people with bitcoins left probably. You won't be able to cash out even if you wanted to because you won't have any bitcoins.

?!

u r doing it rong

[nutildah]

Sorry, but...
stupid analogy is stupid.

It would be one thing if BTC's 'innovations' were demonstrably, measurably better. However, even at this late date (two years?), how much value is being transacted on the 'improved' LN?

You're saying my analogy is stupid because LN isn't perfect yet? Were the first iterations of the electric car demonstrably, measurably better than regular cars? What's perhaps stupider is to decide a technology is a failure because it hasn't yet been perfected. Just like Bitcoin 0.1 wasn't perfect and the protocol has undergone several changes to fix dozens of problems since. Even after 10 years, its still not perfect.

Regardless, I'm not talking just about LN, I'm talking about all the changes that have taken place since Bitcoin 0.10 was first launched, the one that Craig says his Toyota Corolla is emulating.

Again with the conflation of Craig and BSV.

So far, the things he has been saying -- with regards to the BSV protocol itself -- is to bring it into further congruence with the initial satoshi protocol. Accordingly, all the other mutterings are but peripheral and irrelevant to the chain itself.

One does not need to believe any Craig <> prophet status in order to see the benefit of the direction of the BSV protocol.

There is no conflation: BSV is Craig. Did BSV make its recent moves because people suddenly saw "the benefit of the direction of the BSV protocol"? No. BSV moves are always centered around Craig's scammy antics. Its a con game not much different than that played by those who profited during the rise of Bitconnect. If you wish to involve yourself in it, obviously nobody can stop you. Let's just not pretend BSV's recent relative successes are about the tech.

[El duderino_]

Urgh. Tired of all this $9K. 

When 10K?

Not today

So clearly today....

Turning back around to snooze another hour, This is fine

[VB1001]

https://mayermultiple.info/

[jbreher]

Let's say you come up with $1million as nice round number. Again, this could as low as $500K in some countries and just for a very modest lifestyle up to $5 million for US, with many years to live, and with a nice lifestyle.

Daym you need $5m to live in the US?

Wellllll...

The traditional financial advisor .. um ... advice is to plan on withdrawing 4% annually.

So 4% of $5M is $200K. Is that enough? Before taxes? It's an individual target.

Note that the 4% assumes normal retirement age and life expectancy. If retiring early or planning on living to 268 years of age, you might wanna reduce the percentage for calculation purposes.

[El duderino_]

via Imgflip Meme Generator

[jbreher]

Sorry, but...
stupid analogy is stupid.

It would be one thing if BTC's 'innovations' were demonstrably, measurably better. However, even at this late date (two years?), how much value is being transacted on the 'improved' LN?

You're saying my analogy is stupid because LN isn't perfect yet?

No. I'm saying that your analogy is stupid because:
A Corrolla is better than a T in every discernible measurable dimension, save nostalgia, and;
BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.

Again with the conflation of Craig and BSV.

So far, the things he has been saying -- with regards to the BSV protocol itself -- is to bring it into further congruence with the initial satoshi protocol. Accordingly, all the other mutterings are but peripheral and irrelevant to the chain itself.

One does not need to believe any Craig <> prophet status in order to see the benefit of the direction of the BSV protocol.

There is no conflation: BSV is Craig.

Hmm. Most four year olds can tell the difference between a cryptocurrency and a person. Pity you cannot.

[somac.]

BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.

Hmm, off course you don't really believe that do you. Because you have large holdings in both Bitcoin and BCH.

You refuse to put your money where your mouth is.

[Globb0]

Spent plenty of time in Thailand in the past, haven't been there in years.
Maybe this won't be so easy, it is kinda obscure place to go. Here's better images of the boat, the locals, and the launch of a boat. Done in 30 knots of wind!
I'll add some of the monuments here if need be later.

Vietnam?

bit like this boat style





Mui Ne?

[Globb0]

BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.

Hmm, off course you don't really believe that do you. Because you have large holdings in both Bitcoin and BCH.

You refuse to put your money where your mouth is.

Why should he not diversify or hedge, whatever he believes.

This argument, dump everything else to prove anything is silly.

[nutildah]

A Corrolla is better than a T in every discernible measurable dimension, save nostalgia,

Correct. BSV is better than 0.10. Its a far, far more advanced, different model of Bitcoin.

and;
BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.

You're now taking this argument into semantic territory, but no matter how you slice it, Bitcoin is better off because of the various BIPs that have been implemented through the years, several of which allow Bitcoin to do things better now than it could then. You probably only have problems with more recent ones guiding SegWit implementation, but that's a different debate. Fact is, several Standard Track BIPs have not only made changes to the protocol but improved upon it as well. Most of these are currently found in BSV.

There is no conflation: BSV is Craig.

Hmm. Most four year olds can tell the difference between a cryptocurrency and a person. Pity you cannot.

You're just playing dumb again in lieu of having an actual counterargument. I'm saying BSV's recent successes are due to Craig being an excellent con artist. You're saying they are due to its superior tech, which is false. The price moves because of Craig's dramatics, not because there is anything suddenly happening with BSV itself.

[Millionero]

Good morning WO's, Indeed it is over $9000 looking at 9155 and climbing. This is fine.
Tet is coming soon and the karaoke parties are starting. I'm expecting prices to follow the celebrations of the next 10 days.
Friends and atmosphere all in place.  Here's a shot of our back yard currently. Any sleuths out there find this? Shouldn't be terribly difficult.

Phu Quoc?

[becoin]

My second bullet further makes the point by saying that you believe it's irrelevant if faketoshi is Satoshi (but BSvers for some reason still need to follow his truest implementation) 

It is irrelevant whether or not CSW is Satoshi precisely because the changes BSV is undergoing are bringing it closer to Satoshi's original protocol. We don't need Craig to dictate the direction because the whitepaper exists and because bitcoind 0.1 exists. We can read.

There is only one reason why the changes BSV is undergoing are bringing it closer to Satoshi's "original protocol". CSW will pay Kleiman Estate in BSV claiming these are kind of bitcoins he and Dave Kleiman mined using Satoshi's original protocol.

[somac.]

BTC is not measurably better than bitcoin protocol 1.0 in any discernible dimension.

Hmm, off course you don't really believe that do you. Because you have large holdings in both Bitcoin and BCH.

You refuse to put your money where your mouth is.

Why should he not diversify or hedge, whatever he believes.

This argument, dump everything else to prove anything is silly.

How is it a hedge? The whole crypto market goes in sync. A hedge would be in another non correlated market, or perhaps using futures/options.

Nope, it means he doesn't believe that BSV is actually better.

[LFC_Bitcoin]

At $400k there won't be any normal people with bitcoins left probably. You won't be able to cash out even if you wanted to because you won't have any bitcoins.

Most log TA charts say the next ATH will be between 50 and 100k. It is probably not the best idea to wait for any price above $100k.

I’ll probably take some to the grave with me. Don’t get me wrong, at $400,000 (which I don’t think will happen until after the halving in 2024) I will most likely have sold a lot but I’ll definitely not be all fiat then.

Edit - Good morning everybody btw, proper Vegeta this time 

[Millionero]

Good morning everybody btw, proper Vegeta this time  

[nutildah]

There is only one reason why the changes BSV is undergoing are bringing it closer to Satoshi's "original protocol". CSW will pay Kleiman Estate in BSV claiming these are kind of bitcoins he and Dave Kleiman mined using Satoshi's original protocol.

An even better conspiracy theory I heard on Twitter is that Craig is positioning himself to convince the BSV miner crowd to fork over control of all Satoshi-mined coins to himself. I mean, hey, he's Satoshi to them after all, so why wouldn't they?

[skysblu]

There is only one reason why the changes BSV is undergoing are bringing it closer to Satoshi's "original protocol". CSW will pay Kleiman Estate in BSV claiming these are kind of bitcoins he and Dave Kleiman mined using Satoshi's original protocol.

An even better conspiracy theory I heard on Twitter is that Craig is positioning himself to convince the BSV miner crowd to fork over control of all Satoshi-mined coins to himself. I mean, hey, he's Satoshi to them after all, so why wouldn't they?

That is illogical on so many levels. If he's satoshi he'd surely have access to those coins, also why would they need some btc when they have their own knock-off "better version" btc? However, at the same time, bsv crowd doesn't seem to use logic at all so I wouldn't be surprised if that is actually a thing.

[VB1001]

Spent plenty of time in Thailand in the past, haven't been there in years.
Maybe this won't be so easy, it is kinda obscure place to go. Here's better images of the boat, the locals, and the launch of a boat. Done in 30 knots of wind!
I'll add some of the monuments here if need be later.

It seems a good place to live, the boats do not carry a flag or registration number.