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

[JimboToronto]

Good afternoon Bitcoinland.

Still bouncing in the mid-$9xxx range... currently $9479USD/$12866CAD (Bitcoinaverage).

Definitely boring.

I remember at that time it was just about cost. Everybody wanted Intel, but many couldn't afford it, so AMD became popular as a "poor man's CPU". You'd get comparable performance at a lower cost.

I was going through a bankruptcy when I needed to update my old Pentium 100MHz Win95 machine with 8MB EDO memory.

I bought the cheapest socket-7 mobo that supported  both EDO and SDRAM since I couldn't afford to upgrade everything at once. so I started with the mainboard. I bought a brand spanking new Shuttle HOT-591P Super-7 mobo (https://www.anandtech.com/show/134) with all the latest connectivity, even a newfangled AGP slot. It was a fraction of the price of anything comparable.

Next came the SDRAM (a whopping 32MB!) and then eventually a shiny new 400MHz AMD K6-2. I was in heaven. My new machine screamed.
Gradually I increased the amount of RAM to the maximum the VIA MVP3 chipset would support... 256MB.

One day a friend came over and angrily asked why my el cheapo AMD K6-2/400 was so much faster than his brand new expensive PentiumIII/600. I asked him how much memory he had. Seems he had the 64MB it came with. Nothing like undue pagefiling to slow a system down.

Years later I went through the same thing with SSDs. People were spending money upgrading their CPUs when they weren't what was bottlenecking their systems.

I'm still using my ancient Core i-7 2600k system until it doesn't do what I need. After that it's Ryzen all the way.

[lightfoot]

All this shit in Seattle's Autonomous District is really making me super angry. This country is going full retard.

Why? It's like Tiennamen square was in the 80's. Fewer people and a bit less insane.

So it's going to be the scene of a massacre?

Naah. America isn't a totalitarian dictatorship that tolerates no dissent.

Bigger reason is Trump does not have a Praetorian guard. I think the only people he can really command would be the TSA and the other flunkies in Homeland Security. That's not much of a problem.

[Hueristic]

https://www.youtube.com/watch?v=CSyJrU_Fnxc

[lightfoot]

Years later I went through the same thing with SSDs. People were spending money upgrading their CPUs when they weren't what was bottlenecking their systems.

I'm still using my ancient Core i-7 2600k system until it doesn't do what I need. After that it's Ryzen all the way.

To be honest I still use an IBM X61 Thinkpad with a 2ghz Core Duo processor as a working laptop. Thing is well over 10 years old, and with 8gb of memory and a SSD drive it's still just fine for most work. SSDs were probably the biggest performance boost in the last 10 years, spinning drives just suck.

[lightfoot]

So much fail. Where do you even start?

What a complete cum-dumpster. Ah well, lawyers can say anything, I'd say drop this in the trash.

[gentlemand]

This is an interesting wee tale.

https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report?utm_source=reddit&utm_medium=social&utm_campaign=sm

The theory is that hackers have control of an exchange's coins but can only move them to whitelisted addresses they don't control. They're putting humongous fees on top and demanding payoffs from the exchange to stop it.

Why is it ALWAYS ETH where the sketchiest shit happens?

[Ibian]

This is an interesting wee tale.

https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report?utm_source=reddit&utm_medium=social&utm_campaign=sm

The theory is that hackers have control of an exchange's coins but can only move them to whitelisted addresses they don't control. They're putting humongous fees on top and demanding payoffs from the exchange to stop it.

Why is it ALWAYS ETH where the sketchiest shit happens?

Imagine if crypto as a whole had a centralized leadership. We would be paying to bail them out.

[JimboToronto]

SSDs were probably the biggest performance boost in the last 10 years, spinning drives just suck.

Amen. I was aware early how much of a performance bottleneck storage was.

Remember the Gigabyte iRAM PCI card (https://en.wikipedia.org/wiki/I-RAM) proto-SSD? It was a little too pricey and way too small for me. Also it was VRAM.

At that time I dreamed of flash memory fast enough, capacious enough and cheap enough to boot from but it wasn't until a couple of years later that I got my first Memoright (https://en.wikipedia.org/wiki/Memoright) 32GB SLC IDE (PATA) SSD. WinXP booted up really fast.

By the time IBM and OCZ bought out their first consumer/retail SSDs, I was an old hand, an avid poster on the OCX SSD forums and hanging off every new advance in wear-leveling, controller parallelism and garbage collection.

My big breakthrough was acquiring 4 original 120GB Vertex SSDs to put in RAID-0. What a disappointment to run the benchmarks and find out the array had been bottlenecked by the southbridge. Bummer. I bought an expensive PCIe RAID card and after an agonizing driver ordeal, I finally booted from an array with gigabyte/sec sequential transfers and ludicrous (I forget the actual numbers now) 4k random reads and writes.

Then I moved up to OCZ PCIe Revo Drives 1, 2, and finally 3, which is in my i7-2600k system. That's all obsolete now, of course. My current laptop uses M2 NVMe.

Gotta move with the times.

[cAPSLOCK]

This is an interesting wee tale.

https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report?utm_source=reddit&utm_medium=social&utm_campaign=sm

The theory is that hackers have control of an exchange's coins but can only move them to whitelisted addresses they don't control. They're putting humongous fees on top and demanding payoffs from the exchange to stop it.

Why is it ALWAYS ETH where the sketchiest shit happens?

Because ETH is just a huge convoluted pulsating attack surface.

[yefi]

Rome had over a million people near the end. A year later it was down to 40k.

This is just the beginning. It will get much worse.

Civilisation.exe is not responding, would you like to end this process?

[LUCKMCFLY]

Important Clarifications by PlanB

S2FX misunderstandings:
1) Phase5 not defined. Phase5 ~ S2F55-60 & $100-900K
2) S2FX not falsifiable. Falsified if phase5 or other scarce assets (diamonds/homes) are not ~on S2FX line
3) Altcoins,palladium,platinum are left out. No, they are not scarce: S2F<1, no PoW/hash/liq/etc

Source: https://twitter.com/100trillionUSD/status/1271555833130815488

[Biodom]

Important Clarifications by PlanB

S2FX misunderstandings:
1) Phase5 not defined. Phase5 ~ S2F55-60 & $100-900K
2) S2FX not falsifiable. Falsified if phase5 or other scarce assets (diamonds/homes) are not ~on S2FX line
3) Altcoins,palladium,platinum are left out. No, they are not scarce: S2F<1, no PoW/hash/liq/etc

Source: https://twitter.com/100trillionUSD/status/1271555833130815488

Honestly, as much as I like planB, I am much more eager to see how S2F plays out first, forget about that wicked S2FX for a while.
First things first.

[JayJuanGee]

Bawb = next Masterluc ?  

I'm too lazy to look for proof but you can browse his recent post history..  

How recent? I looked and it seems Bawb is mostly into observing things, not making any calls.

It could reasonably be argued that Masterluc is also just spouting out a bunch of nonsense, and probably Bawb has tended to be correct more often than Masterluc, even when bawb might not have even been trying... as long as sorcerer powers do not go to Bawb's head, we might be able to find some sorcerer predicting qualities in the way that he is describing his gut bacteria or whether the plates are bouncing or sticking or whether any digits have been stuck in his orifices or the orifices of his acquaintances or if he drove his porsche into a horse while shooting coyotes from the back seat.

Once bawb starts trying to actually predict or engage in reverse psychology to manipulate king daddy, then we might have to either bring in trump, the black lives matters folks and/or the WHO in order to demote his ass from sorcerer status.

Well this is hilarious I must admit but what I actually meant was his resemblance to Masterluc during his years of bloom when his predictions were mostly correct.    

I would think that we would not really want to seriously proclaim any member is a sorcerer in this thread, even though hairy has probably come decently close with such label, and I would hope that we even take his proclamations with a decently large grain of salt.. reliance on plan B has a certain amount of credibility, too, but I doubt that many members are taking those plan B proclamations hook, line and sinker, but instead merely using them as guides for critical thinking.

It seems my rendition of ascribing joke sorcery status is much better than actually giving much weight to any of it... but hey do what you want.  If you want to ascribe bob or anyone other member here to sorcerery status, then go ahead, and that is your choice... and likely to get some raised eyebrows.  

The more likely that anyone tries to treat any member or even the ideas of bitcoin theorists (quants) with serious sorcery status is likely to get a decent amount of groaning from me, and I think that there are a decent number of other members who would rather ascribe relatively high skepticism for anyone either self proclaiming or seriously being treated by other members as a having some kind of sorcerer status..  

[edited  out]

I'll leave that to the liposuction clinic that will go broke on the billion dollar bills caused by the future costs of my waste body fat disposal

If pandemic, supply line issues, and riots continue, then you might be competing with whale blubber sales to light our lanterns.  

[VB1001]

Bitcoin & Euro — a story of price discovery

Based on the market data that we dumped from Binance, Bitstamp, Coinbase and Kraken for the first week of June 2020, there is a clear leader that offers the deepest BTC/EUR liquidity. However, there are some details that should be considered when choosing a suitable trading venue.

https://medium.com/@finerytech/bitcoin-euro-the-best-place-to-buy-and-sell-84858092caa4

[OutOfMemory]

Good afternoon Bitcoinland.

Still bouncing in the mid-$9xxx range... currently $9479USD/$12866CAD (Bitcoinaverage).

Definitely boring.

I remember at that time it was just about cost. Everybody wanted Intel, but many couldn't afford it, so AMD became popular as a "poor man's CPU". You'd get comparable performance at a lower cost.

I was going through a bankruptcy when I needed to update my old Pentium 100MHz Win95 machine with 8MB EDO memory.

I bought the cheapest socket-7 mobo that supported  both EDO and SDRAM since I couldn't afford to upgrade everything at once. so I started with the mainboard. I bought a brand spanking new Shuttle HOT-591P Super-7 mobo (https://www.anandtech.com/show/134) with all the latest connectivity, even a newfangled AGP slot. It was a fraction of the price of anything comparable.

Next came the SDRAM (a whopping 32MB!) and then eventually a shiny new 400MHz AMD K6-2. I was in heaven. My new machine screamed.
Gradually I increased the amount of RAM to the maximum the VIA MVP3 chipset would support... 256MB.

One day a friend came over and angrily asked why my el cheapo AMD K6-2/400 was so much faster than his brand new expensive PentiumIII/600. I asked him how much memory he had. Seems he had the 64MB it came with. Nothing like undue pagefiling to slow a system down.

Years later I went through the same thing with SSDs. People were spending money upgrading their CPUs when they weren't what was bottlenecking their systems.

I'm still using my ancient Core i-7 2600k system until it doesn't do what I need. After that it's Ryzen all the way.

Ahh, these times... Sweet memories  
I still also use the i7 2800k in my desktop system, no real need to upgrade though primary uses are a few 3d games and audio production.
No regret in switching to Ryzen on the notebook, where my main concern is ventilation (no bottom vents at best - sadly a feature of the past, if it's not built by apple).
Recently settled with a Zenbook UM-431, which sucks most of the air through the back. A fair compromise. Not running at too high system temperatures when left on a pillow, playing youtube videos for hours...

Rome had over a million people near the end. A year later it was down to 40k.

This is just the beginning. It will get much worse.

Civilisation.exe is not responding, would you like to end this process?

I'd rather have Visual Studio installed for the "debug" option  

[edited  out]

I'll leave that to the liposuction clinic that will go broke on the billion dollar bills caused by the future costs of my waste body fat disposal

If pandemic, supply line issues, and riots continue, then you might be competing with whale blubber sales to light our lanterns. 

 

[VB1001]

https://imgur.com/VoeFyJ3

[cygan]

https://cointelegraph.com/news/craig-wright-apparently-just-admitted-to-hacking-mt-gox

new headlines in the never ending mt.gox story

[Lambie Slayer]

https://thehill.com/opinion/finance/502506-federal-reserve-holds-power-beyond-what-we-can-imagine

Some of these cultist clowns think money printing is a magical super power. 

This bull run the King is taking us to prices they can't imagine either.

[Phil_S]

[rdbase]

https://thehill.com/opinion/finance/502506-federal-reserve-holds-power-beyond-what-we-can-imagine

Some of these cultist clowns think money printing is a magical super power.  

This bull run the King is taking us to prices they can't imagine either.

Andreas Antonopoulos, Roger Ver. They all look so young.

They added another one:
https://www.youtube.com/watch?v=yz8ymvqUMrU

But it is an oldie from 2015 - BTCitcoin: The end of money as we know it.
https://www.imdb.com/title/tt4654844

But still a fun watch if you are craving for more cryptocurrency content.

https://bitcointalk.org/index.php?topic=5250855