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

[Dorodha]

This is trigger man come from Mars it seems that he is at the highest level.

[VB1001]

Bitcoin Optech Newsletter #107

This week’s newsletter links to several discussions about activating taproot and summarizes a proposed update to BIP173 bech32 addresses. Also included are our regular sections summarizing interesting changes to services and client software, releases and release candidates, and notable changes to popular Bitcoin infrastructure software.

https://bitcoinops.org/en/newsletters/2020/07/22/


Back after a few hard days.
Greetings to all. #nohomo

StrongHats

[Phil_S]

Seems correlated?

[Phil_S]

Zooming out...

[VB1001]

They don't want the badger to undock.

[Last of the V8s]

They don't want the badger to undock.

Sometimes a badger just can't undock.

[VB1001]

^
This kind of coupling keep you young, hit it hard

[Tuco Benedicto Pacifico]

it scales in layers with the BTC blockchain being the settlement layer, or we up the block size ala BSV.

Such woud seem the fundamental dichotomy, yes.

What I am saying is when we do it the latter way it is going to be the realm of the super powerful to keep up with it enough to run nodes...

Not today. Certainly, it is well within the purview of insubstantial computers with good internet connections to do so for BSV today. At some time in the future, yes. Hobbyists will end up dropping off.

But that is not A Bad Thing. I mean, it's a tradeoff. Sure, its... nice if everyone is trivially able to validate the chain. But at what price? Demonstrably, so-called second layer solutions were not ready in time to stave off Blockalypse I. Nearly four years later, they still are not ready to stave off a potential Blockalypse II. (Of course, with none of the second layer solutions of which I am aware transacting on chain, they are completely invisible to the so-called 'validators' anyhow, though that's a separate discussion.)

But perhaps more germane... Humanity muddled along for one or two dozen thousand years with no discernible increase in standard of living. It is only in the last few centuries when specialization of labor has allowed us to rise out of the muck of scarcity into a stratified realm of (relative) abundance. Do you insist on developing and building your own automobile?  How about a semiconductor chip? Do you think everyone should design their own computer? Build their own fab to crank out the chips? One only need refer to the seminal essay 'I, Pencil' to see the folly therein. Why would the maintenance of the financial system be the one thing that is the enforced domain of the lowest common denominator?

I say they should not. The system should grow to accommodate demand. Those that are good at validation will remain validators. That are not will fall by the wayside, and find other things to do. Things more matched to their unique set of gifts. There is nothing wrong -- and everything right -- with that.

and we coalesce into a system worse than the current one.

B does not follow A. At least not without an explanation as to how A necessarily leads to B.

I think, going by that concept as a guideline, there would not be a need for BTC in the first place.

(Central) banks are highly specialized and extremely good at creating money out of thin air. Then why come up with BTC and then also even include this message in the Genesis block? Looks like someone did indeed want to build his own automobile. Which makes me wonder - by following your line of reasoning - why you became involved with BTC anyway, since the specialists had already covered the financial side of things with their expertise...

Maybe the line for specialization of labour will have to be redrawn? How about those 3-D printers? Do you think, global supply chains will remain exactly as they are/used to be?

[BobLawblaw]

https://twitter.com/whale_alert/status/1286957894982868992

[goldkingcoiner]

Hard to keep your composure when you have princess M'agabe running at you with a defective rocket launcher and a AK-47 ....

https://twitter.com/whale_alert/status/1286957894982868992

Bob-Chan, wtf happened to your account?

[fillippone]

My body is ready:

Stock to Flow model on track: 2nd red dot ($9600) currently above 1st red dot (#bitcoin  June close $9132) .. like clockwork 🚀

https://twitter.com/100trillionusd/status/1286943287862059008?s=21

Also bags are full.

<...>

Bob-Chan, wtf happened to your account?

Answer:

This may likely be the last text post I make on this site.

Going to make an attempt to just post relevant market information without any comment. No more meming. Increased my ignore list, as an unfortunate side effect of everything that has gone on, after much self-reflection. Really have no desire to interact with people here any more, but recognize the thread has its place of importance in the Bitcoin sphere, with regards to staying on top of news.

Hope I'm able, at the very least, to share what I see happening on Twitter.

Good or Bad. Draw your own conclusions sorta thing.

He also deleted a lot of posts, thus reducing activity and so also rank.

[sirazimuth]

Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

[heslo]

Jeeezus...
That's a lot to unpack ....

Maybe have a "Best caption for this this Pic" contest.

For Wakanda?

[AlcoHoDL]

Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

$100k party.

[JayJuanGee]

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.  

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:

You claimed that your shitcoin BSv is as decentralized as bitcoin

Is your omission intentional? Or do you not understand? I said that from a technical viewpoint the BTC protocol and the BSV protocol are exactly as decentralized as each other.

I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion

No. You inaccurately state your entrance into this branch of the thread. Are you lying, or trying to put one over on us? Or can you simply not remember what your position was those scant few days ago?

You went straight to implying that I was redefining 'decentralization', TOTALLY Without any supporting rationale for your implication.
https://bitcointalk.org/index.php?topic=178336.msg54783389#msg54783389

Indeed, it was myself who first asked you for a definition of decentralization, so that I may try to discern what it was you had issue with in my statement.

You did not request that I provide a definition of decentralization until further downthread, after actively evading the question yourself.

Fix you misquote please as I am not sure why my statement is included here. It is out of context.

Jbreher, the picnic bear, no doesn't care if quoting out of context.

He's trying to make a point.   


and context might not help to achieve that objective.... 

[JayJuanGee]

Zooming out...

Personally, I think that the charts would look more interesting if they were starting out at the same place in the beginning of the chart (of course continuing to be on the same scale), then we would easily be able to more easily see where each asset class has gone in terms of price, whether we are looking at a 3 month period (which does not tend to tell very much of an overall picture) or a 2 year or even longer than 5 year charts that make the same price performance comparison attempts. 

I am not trying to make more work for you Phil_S, but you do seem to already have the tools to fairly easily accomplish such charts, and I do like your color contrasts on those lines, which make your charts pretty easy to read and to see the contrast.

[xhomerx10]

Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

[suchmoon]

Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

It's from a movie (Johnny Mad Dog) but there are captions on the intertubes attributing it to a wedding in Somalia, or Liberia, or just generic "Africans" having a good time.

[vapourminer]

Jeeezus...
There's a lot to unpack in there ....

Maybe have a "Best caption for this Pic" contest.

 citadel citizens?

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $9,601

No major changes yet.