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

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[1715671095]

1715671095

[1715671095]

1715671095

[smartcomet]

https://twitter.com/khannib/status/1263126477719158784


2017-8-7    $3300
2020-5-20  $9700

[cAPSLOCK]

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend. 

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

\
OK.. it's a bad use of language.  The person would not be a cryptographer.  The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block.  And if it was Hal's coins it would imply a lot more than early coins.  The blockchain analysis people started hyperventalating when this move happened.  So, probably do crooks.  As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

[cAPSLOCK]

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

Seeing as they were tech savvy would they really be moving around coins from that far back?  Certainly dad had some coins he mined closer to the time that BCT post was written?  Ones much harder to identify.  Ones that would make MUCH less of a splash when moved?

If they wanted to take 100k out of their hoard would they not have tried to less conspicuous?  Would *my* opsec be better than Hal Finny's kids?  I am not saying the'd jump through hoops... I'm saying the'd have inherited some of dads smarts as well...

It's officially known that Hal mined coins from back then, and he officially stated that he left it as inheritance to his kids. If the kid wants to buy a new car, why should s/he prioritize later coins over earlier? And even if they'd use the later coins first, you'd be asking the same question in 10yrs when they'd get to Hal's earlier coins.

Opsec, imho.

[infofront]

Most likely not Satoshi. Probably Dave Kleiman 




https://twitter.com/nic__carter/status/1263130214726582272

[Toxic2040]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

[cAPSLOCK]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

I dunno.  There is not this much volume here.  It was just a handful of nervous nellies.  I get the knee jerk though I think it is silly.  Just one coinbase from a block with 4 digits.  Let us see 4 or 5 more?  Uh oh.

It gives me *some* solace that it is still not easy to know exactly who that was. 

But I hate the damn data miners getting ANY info about a block that low.

[bitebits]

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

It just shows how small Bitcoin (still) is. You feel every wave on a life raft, not on an oil tanker. There are many and bigger waves to come (MtGox coins, government involvement, the occasional sprinkle of China FUD, etc).
Slowly however Bitcoin grows and the impact of external events diminishes, which is already noticeable today compared to two halvings ago.


Edit: https://twitter.com/coinmetrics/status/1263150657848172551

[DaRude]

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend. 

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

\
OK.. it's a bad use of language.  The person would not be a cryptographer.  The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block.  And if it was Hal's coins it would imply a lot more than early coins.  The blockchain analysis people started hyperventalating when this move happened.  So, probably do crooks.  As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

Literally a message before yours shows that another block mined even earlier that day in February 2009 was spent in 2017 and no one gave a shit. Don't see how moving coins from one address to another address comes with a great cost of privacy? If person decided to sell it on exchange it's just a matter of time. Hal's and other coins will soon be moved/sold people need to get over it.

[Devawnm367]

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend.  

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

\
OK.. it's a bad use of language.  The person would not be a cryptographer.  The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block.  And if it was Hal's coins it would imply a lot more than early coins.  The blockchain analysis people started hyperventalating when this move happened.  So, probably do crooks.  As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

Literally a message before yours shows that another block mined even earlier that day in February 2009 was spent in 2017 and no one gave a shit. Don't see how moving coins from one address to another address comes with a great cost of privacy? If person decided to sell it on exchange it's just a matter of time. Hal's and other coins will soon be moved/sold people need to get over it.

Yeah I am broke so either way it does not effect me! I just want to find a way to prove Craig Wright is not Satoshi! I wish someone would would sign a message and be like "Craig Wright is not Satoshi, Theymos is"!
How many people were mining BTC 25 days into the release? Did Satoshi premine any? Or was it instantly made public like  boom  Genesis block 1 is generated! Then some random guy in Russia mined block 2? I did read satoshi maintained around 5.5 mh/s when he was mining. Can we see the hashrate from block 2-4000?

Also can we leave Satoshi alone? That is all he wants?

[Cryptotourist]

Probably because you are too busy focusing on personalities rather than actual issues and substance, but whatever at least you can admit (somewhat) that you might have been wrong in your prior assessment of impact.

Don't you think, it's better to focus on real people and the impact on their lives, instead of the bullshit you get on TV?
Issue or substance? Meh.

I doubt that there is anyone here who would have imagined that the financial impact of this whole virus situation would have been so great or that there would have been so much chaos in the world in regards to how to deal with it.  The chaos seems far from over, even with the opening up of various places in which the outbreak seems far from under control or even the ongoing lack of information and tests is likely NOT going to end well, but sure, maybe we will get lucky, and the opening up will work out fine..

The thing is, people rather take the whole hit now, than contribute to the chaos.

I am really doubtful, not only that the opening up will not work out well, it will disproportionately impact the poor and disenfranchised, but even rich people are going to get fucked by lacking in their providing of various support systems and focus in the reopening efforts.

Poor people are really fucked.
Really rich people are not, they can always borrow more.
The people in between, it remains to be seen, and the key-point is debt of course.

Good thing that a lot of us have bitcoin, but we are also going to get fucked from this whole thing because we are going to have so many more limitations to how we can spend our wealth...  in the hookers, lambo and blow territory but also other quality of life considerations in terms of steaks, travel, health and fitness options, social mingling, other supply chain issues and venue options.

BTC is my cushion right now.
I can't foresee any problems in spending it.

So maybe even there was some truth in the proclamations of mindrust when he asserted that he felt better to shave off a lot of his bitcoin options because even being rich is not going to be that great in these kinds of times of fewer options... .... and even though there is some truth in that comment, having bitcoin and richness in those kinds of alternative asset holding ways is likely to provide way more options than either having money in fiat or other potentially depreciating or expensive to maintain ways.

mindrust does not set the example, period.

[soxxx]

Satoshis Bitcoin have no chance of being moved until Hal Finney cryogenic preserved body is revived in 100+ years from now. If Hal was Satoshi, they will do everything in their power to bring him back to life when Bitcoin is the global reserve currency.

[JayJuanGee]

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend.  

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

\
OK.. it's a bad use of language.  The person would not be a cryptographer.  The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block.  And if it was Hal's coins it would imply a lot more than early coins.  The blockchain analysis people started hyperventalating when this move happened.  So, probably do crooks.  As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

Literally a message before yours shows that another block mined even earlier that day in February 2009 was spent in 2017 and no one gave a shit. Don't see how moving coins from one address to another address comes with a great cost of privacy? If person decided to sell it on exchange it's just a matter of time. Hal's and other coins will soon be moved/sold people need to get over it.

Yeah I am broke so either way it does not effect me! I just want to find a way to prove Craig Wright is not Satoshi! I wish someone would would sign a message and be like "Craig Wright is not Satoshi, Theymos is"!
How many people were mining BTC 25 days into the release? Did Satoshi premine any? Or was it instantly made public like  boom  Genesis block 1 is generated! Then some random guy in Russia mined block 2? I did read satoshi maintained around 5.5 mh/s when he was mining. Can we see the hashrate from block 2-4000?

Also can we leave Satoshi alone? That is all he wants?

Regarding craig wright being satoshi, we do not need to entertain such dumb ideas... there's no proof beyond his mere assertions.

regarding how many miners would have been mining bitcoin 5 weeks after the first block is also questionable or at least unclear.  Mining was available to anyone, and there were mailing lists in which such information about bitcoin and mining was shared, so yeah there could have been some very early blocks that were mined by random people, including some russian, but I am not sure how many or who was known to be mining bitcoin in those first 5 weeks beyond satoshi and hal finney.  

It would be nice to put out a list of possible names for mining in that first 5 week period, but I doubt that even such a list of possible known people would even capture all of the possible persons who might have ended up mining that particular block.. and maybe even somewhat randomly, as you suggested.

By the way, we could probably reasonably eliminate craig from having had mined any coins prior to about 2013 or 2014.... Maybe be even 2015..  that narcissistic pathologically lying retard.

[DaRude]

Satoshis Bitcoin have no chance of being moved until Hal Finney cryogenic preserved body is revived in 100+ years from now. If Hal was Satoshi, they will do everything in their power to bring him back to life when Bitcoin is the global reserve currency.

That would be awesome. It's year 2100, countries around the world were competing for the last 50yrs to be the first one to revive Hal. One finally succeeds.
Hal- oh thanks for bringing me back guys but i was only trolling to have eternal life, i have no clue who Satoshi really is. Oh flying cars finally...

[soxxx]

Satoshis Bitcoin have no chance of being moved until Hal Finney cryogenic preserved body is revived in 100+ years from now. If Hal was Satoshi, they will do everything in their power to bring him back to life when Bitcoin is the global reserve currency.

That would be awesome. It's year 2100, countries around the world were competing for the last 50yrs to be the first one to revive Hal. One finally succeeds.
Hal- oh thanks for bringing me back guys but i was only trolling to have eternal life, i have no clue who Satoshi really is. Oh flying cars finally...

In reality, if Bitcoin does take over, Hal Finneys body will be worth more than ANYTHING....just on the mere speculation that he remembers or knows the method of retrieving the private keys.

Hal will be back one day......

[DaRude]

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend.  

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

\
OK.. it's a bad use of language.  The person would not be a cryptographer.  The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block.  And if it was Hal's coins it would imply a lot more than early coins.  The blockchain analysis people started hyperventalating when this move happened.  So, probably do crooks.  As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

Literally a message before yours shows that another block mined even earlier that day in February 2009 was spent in 2017 and no one gave a shit. Don't see how moving coins from one address to another address comes with a great cost of privacy? If person decided to sell it on exchange it's just a matter of time. Hal's and other coins will soon be moved/sold people need to get over it.

Yeah I am broke so either way it does not effect me! I just want to find a way to prove Craig Wright is not Satoshi! I wish someone would would sign a message and be like "Craig Wright is not Satoshi, Theymos is"!
How many people were mining BTC 25 days into the release? Did Satoshi premine any? Or was it instantly made public like  boom  Genesis block 1 is generated! Then some random guy in Russia mined block 2? I did read satoshi maintained around 5.5 mh/s when he was mining. Can we see the hashrate from block 2-4000?

Also can we leave Satoshi alone? That is all he wants?

Don't fall into the trap, it's impossible to prove a negative. Genesis block 0 is hardcoded, no premine but not many people were mining back then.

[JayJuanGee]

Probably because you are too busy focusing on personalities rather than actual issues and substance, but whatever at least you can admit (somewhat) that you might have been wrong in your prior assessment of impact.

Don't you think, it's better to focus on real people and the impact on their lives, instead of the bullshit you get on TV?
Issue or substance? Meh.

No.

I doubt that there is anyone here who would have imagined that the financial impact of this whole virus situation would have been so great or that there would have been so much chaos in the world in regards to how to deal with it.  The chaos seems far from over, even with the opening up of various places in which the outbreak seems far from under control or even the ongoing lack of information and tests is likely NOT going to end well, but sure, maybe we will get lucky, and the opening up will work out fine..

The thing is, people rather take the whole hit now, than contribute to the chaos.

You seem to presume a lot regarding how viruses work and how this virus might work under some kind of supposed nonsense herd immunity theory... and yes.. it is possible that you might be right.. but I doubt it.  Odds seem to be quite highly against you from being right based on actual facts on the ground, to the extent that we know much if anything.

I am really doubtful, not only that the opening up will not work out well, it will disproportionately impact the poor and disenfranchised, but even rich people are going to get fucked by lacking in their providing of various support systems and focus in the reopening efforts.

Poor people are really fucked.
Really rich people are not, they can always borrow more.
The people in between, it remains to be seen, and the key-point is debt of course.

I will stick with my original statement, and of course rich people are going to have more options and real rich people might be able to buy islands, but still their quality of life might be jeopardized too.  Who wants to be banging hookers, but have to wait two weeks for each one to clear?  Could be quite burdensome, and they still could end up getting exposed after testing all peeps around them... it is not like the really rich can maintain complete detachment.. and still enjoy all their bells and whistle luxuries as if they were living in a bubble.  How many billions are needed to create that kind of situation, and even billionaires are frequently sucking off of various aspects of the public trough and infrastructure etc, so they are not as much in a vacuum or self-made as they like to imagine their lil mortal selfies.

Good thing that a lot of us have bitcoin, but we are also going to get fucked from this whole thing because we are going to have so many more limitations to how we can spend our wealth...  in the hookers, lambo and blow territory but also other quality of life considerations in terms of steaks, travel, health and fitness options, social mingling, other supply chain issues and venue options.

BTC is my cushion right now.
I can't foresee any problems in spending it.

I am not going to disagree with you that having bitcoin gives you more options, but it might be helpful to have some cash and some other forms of value that you can spend, too.  And sure there might be some steak suppliers who prefer cash rather than bitcoin.

So maybe even there was some truth in the proclamations of mindrust when he asserted that he felt better to shave off a lot of his bitcoin options because even being rich is not going to be that great in these kinds of times of fewer options... .... and even though there is some truth in that comment, having bitcoin and richness in those kinds of alternative asset holding ways is likely to provide way more options than either having money in fiat or other potentially depreciating or expensive to maintain ways.

mindrust does not set the example, period.

Fair enough that mindrust does not set any examples, but he still might have some decent ideas from time to time, and probably he would even have better ideas if he was able to figure out a way to get reapportioned into bitcoin... perhaps somewhere in the 1% to 10% territory.. and maybe he would prefer to be in the lower ends of that kind of allocation which could be reasonable in some circumstances, perhaps, and I believe that he does not even meet the 1% territory at this time.. but yeah, partly to your point, mindrust's situation seems to remain quite a discombobulated mess, so we should be taking anything that he says with a considerably large grain of salt until he can show that he either got his shit in order or is making meaningful and significant progress in that direction.

[Cryptotourist]

Probably because you are too busy focusing on personalities rather than actual issues and substance, but whatever at least you can admit (somewhat) that you might have been wrong in your prior assessment of impact.

Don't you think, it's better to focus on real people and the impact on their lives, instead of the bullshit you get on TV?
Issue or substance? Meh.

No.

Obviously.

I doubt that there is anyone here who would have imagined that the financial impact of this whole virus situation would have been so great or that there would have been so much chaos in the world in regards to how to deal with it.  The chaos seems far from over, even with the opening up of various places in which the outbreak seems far from under control or even the ongoing lack of information and tests is likely NOT going to end well, but sure, maybe we will get lucky, and the opening up will work out fine..

The thing is, people rather take the whole hit now, than contribute to the chaos.

You seem to presume a lot regarding how viruses work and how this virus might work under some kind of supposed nonsense herd immunity theory... and yes.. it is possible that you might be right.. but I doubt it.  Odds seem to be quite highly against you from being right based on actual facts on the ground, to the extent that we know much if anything.

Actually Jay, I presume shit.
I just don't give a fuck about the actual virus, nor how it works.
Are you so willingly blind to see, that it's the social impact of the virus, not the virus itself. People are scared ... of each other.

That said, don't be so fast to rule herd immunity out.

I am really doubtful, not only that the opening up will not work out well, it will disproportionately impact the poor and disenfranchised, but even rich people are going to get fucked by lacking in their providing of various support systems and focus in the reopening efforts.

Poor people are really fucked.
Really rich people are not, they can always borrow more.
The people in between, it remains to be seen, and the key-point is debt of course.

I will stick with my original statement, and of course rich people are going to have more options and real rich people might be able to buy islands, but still their quality of life might be jeopardized too.  Who wants to be banging hookers, but have to wait two weeks for each one to clear?  Could be quite burdensome, and they still could end up getting exposed after testing all peeps around them... it is not like the really rich can maintain complete detachment.. and still enjoy all their bells and whistle luxuries as if they were living in a bubble.  How many billions are needed to create that kind of situation, and even billionaires are frequently sucking off of various aspects of the public trough and infrastructure etc, so they are not as much in a vacuum or self-made as they like to imagine their lil mortal selfies.

As I said, herd immunity.
Try to understand that escort services were still available during Corona, and brothels are now back in business.

On a funny note, the jokes between clients and working girls are endless.

Good thing that a lot of us have bitcoin, but we are also going to get fucked from this whole thing because we are going to have so many more limitations to how we can spend our wealth...  in the hookers, lambo and blow territory but also other quality of life considerations in terms of steaks, travel, health and fitness options, social mingling, other supply chain issues and venue options.

BTC is my cushion right now.
I can't foresee any problems in spending it.

I am not going to disagree with you that having bitcoin gives you more options, but it might be helpful to have some cash and some other forms of value that you can spend, too.  And sure there might be some steak suppliers who prefer cash rather than bitcoin.

Cash is gone baby, cash is gone. #nohomo

So maybe even there was some truth in the proclamations of mindrust when he asserted that he felt better to shave off a lot of his bitcoin options because even being rich is not going to be that great in these kinds of times of fewer options... .... and even though there is some truth in that comment, having bitcoin and richness in those kinds of alternative asset holding ways is likely to provide way more options than either having money in fiat or other potentially depreciating or expensive to maintain ways.

mindrust does not set the example, period.

Fair enough that mindrust does not set any examples, but he still might have some decent ideas from time to time, and probably he would even have better ideas if he was able to figure out a way to get reapportioned into bitcoin... perhaps somewhere in the 1% to 10% territory.. and maybe he would prefer to be in the lower ends of that kind of allocation which could be reasonable in some circumstances, perhaps, and I believe that he does not even meet the 1% territory at this time.. but yeah, partly to your point, mindrust's situation seems to remain quite a discombobulated mess, so we should be taking anything that he says with a considerably large grain of salt until he can show that he either got his shit in order or is making meaningful and significant progress in that direction.

I'm sorry, when the glass cracks, the crack moves on.

[VB1001]

Very grateful for your comments, suggestions and some PM received!

Now I must stick to the new plan, buy small quantities regularly.
The previous one was executed as planned, if the accumulated total of fiat fell for any reason, the investments or bitcoin would be sold before stressing the family economy.

The really important thing is that I can still eat and drink, all is not lost.

(Now I am a bull without horns and without BTC)

Better for me if we close this conversation here, I'm sure the situation will improve.

Thx

You could post a BTC address here. You may get some donations, or compensation for the work you've put into the thread. There are probably some generous, BTC rich people around here.

Or you'll get mercilessly roasted for being a nocoiner beggar.

*shrug*

He does have an address in his profile 1PCm7LqVkhj4xRpKNyyEeekwhc1mzK52cT

Is that right?

Oh yeah. I forgot that space exists. Kind of like my wife's...nevermind.

1PCm7LqVkhj4xRpKNyyEeekwhc1mzK52cT

It is correct, it is the address that I have in the profile.
Hard to explain the feeling I have had, I don't know how to describe it, this morning I saw an incoming transaction of 0.01001000BTC, thanks, very impressed,
I have no words.

[JayJuanGee]

Cash is gone baby, cash is gone. #nohomo

I wonder where you live.

I still can use cash, for some strange reason.  Go figure.

I'm sorry, when the glass cracks, the crack moves on.

Sure.. you can live like that if you want, and sure some people are a lost cause.  Differing perspectives concerning when that is... no problem.