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

[JayJuanGee]

* BobLawblaw yawns and pisses in the general direction of ignored users

For some strange reason, I am NOT even feeling ignored.        

[1714206925]

1714206925

[1714206925]

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[yefi]

"I can state flatly that heavier than air flying machines are impossible."

— Lord Kelvin, 1895

No source?

[Biodom]

An interesting writeup from one of the Winkelvoss bros.
https://winklevosscapital.com/the-case-for-500k-bitcoin/

[cAPSLOCK]

I forgot to show off... I did make one of these things.  Then I lost it, lol.  Hopeless.



It's around here somewhere.

But tonight coaxing some samples out of the little Crave!

[dakiller322]

"Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".

-Bruce Schneier

"I can state flatly that heavier than air flying machines are impossible."

— Lord Kelvin, 1895

Brute force, so checking every combination, makes some pretty easily verifiable claims.

If you build a supercomputer that occupies a space of only 1 cubic centimetre, that can brute force 1 trillion keys a second, and cover the entire earths surface with these computers, the Sun will swallow the Earth, before you have time to search the whole 256 bit key space.

I have also seen other calculations that information represented as its absolute minimum energy in the laws of physics, that there is not enough energy in the Sun to search a 256 bit key space either.

[Torque]

An interesting writeup from one of the Winkelvoss bros.
https://winklevosscapital.com/the-case-for-500k-bitcoin/

"Examining the The Fed’s balance sheet uncovers that it added $344 billion more mortgage-backed securities and $820 billion more long-term Treasurys (i.e., debt monetization) from February 2020 to July 2020. In other words, of the $3 trillion increase, $1.1 trillion was printed. To put this into perspective, the Fed printed two-thirds as much money in the last 6 months as it did over the prior 11 years. And that’s not all, the Fed has committed to a YOLO whatever it takes QE posture going forward…"

And yet very few people understand the real gravity of this statement.  

[BobLawblaw]

Which DAW is that ? Don't immediately recognize it. I'm a Steinberg whore.

[Dabs]

"Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".

-Bruce Schneier

"I can state flatly that heavier than air flying machines are impossible."

— Lord Kelvin, 1895

Brute force, so checking every combination, makes some pretty easily verifiable claims.

If you build a supercomputer that occupies a space of only 1 cubic centimetre, that can brute force 1 trillion keys a second, and cover the entire earths surface with these computers, the Sun will swallow the Earth, before you have time to search the whole 256 bit key space.

I have also seen other calculations that information represented as its absolute minimum energy in the laws of physics, that there is not enough energy in the Sun to search a 256 bit key space either.

These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. So these Laws of Thermodynamics will have to be broken first.

[explorer]

...
Yes, the masses of money that were printed are impressive, but, paradoxically, this does not prove that this money "has" to go into bitcoin and in fact, most of it went into 5 top stocks plus Tesla instead. Markets are very complex. Like today, inflation was unleashed, but gold and btc said... "meh" collectively. I guess, because it was all pre-announced.

Yet the 'money' going IN to these stocks is not vaporizing.  Most likely it is simply transitioning to a more undervalued asset class.  Like, perhaps, crypto. 

We'll be riding the waves for however long, but I can't in any case see it dragging 10 years.  The financial implosion is well underway. Simply holding with inflation should deliver large $ gains.

[explorer]

wow long time no see, i was wondering from time to time, welcome back @explorer

  Thanks!  I had Crypto on ignore for 2 whole years...  maybe the occasional peek

[HI-TEC99]

wow long time no see, i was wondering from time to time, welcome back @explorer

  Thanks!  I had Crypto on ignore for 2 whole years...  maybe the occasional peek

What made you put it on ignore? Something like this?

[HI-TEC99]

Feel a lot to me like it's trying to lift itself above this 11350 resistance.

(something something.. walls, something on topic.. walls,something)

Observing $11373.

[explorer]

wow long time no see, i was wondering from time to time, welcome back @explorer

  Thanks!  I had Crypto on ignore for 2 whole years...  maybe the occasional peek

What made you put it on ignore? Something like this?

A contributing factor, for sure    I let it soak up way too much of my time and energy.

[philipma1957]

An interesting writeup from one of the Winkelvoss bros.
https://winklevosscapital.com/the-case-for-500k-bitcoin/

Good read.

I don’t think we can to 500k as quickly as they say. But 50k seems reasonable.

[explorer]

An interesting writeup from one of the Winkelvoss bros.
https://winklevosscapital.com/the-case-for-500k-bitcoin/

Good read.

I don’t think we can to 500k as quickly as they say. But 50k seems reasonable.

   PM, You talk like you had your eyes closed through the last few 10-20x runs...   2.5x on the previous ATH is where the serious work begins.  They are running out of places to stuff the free money.  Our time will come, and I expect 100k+ before the end of next year.  The global financial system is a powder keg.  The fuse was lit almost a year ago.  Awaiting fireworks, or heavy rains - one or the other.

[jbreher]

Just misclicked on Speculation: guys there is a whole bunch of other people out there!

Scary, isn't it?

Let's build a wall.

Only if we make them pay for it.

[explorer]

Just misclicked on Speculation: guys there is a whole bunch of other people out there!

Scary, isn't it?

Let's build a wall.

Only if we make them pay for it.

bitebits! dude!  You gotta be more careful!

[JayJuanGee]

wow long time no see, i was wondering from time to time, welcome back @explorer

  Thanks!  I had Crypto on ignore for 2 whole years...  maybe the occasional peek

What made you put it on ignore? Something like this?

A contributing factor, for sure    I let it soak up way too much of my time and energy.

It's possible that you had gotten too distracted by the shitcoin on your avatar, too...

Overallocated in shitcoin; under allocated in king daddy....  

#justsaying


 


 

[AlcoHoDL]

"I can state flatly that heavier than air flying machines are impossible."

— Lord Kelvin, 1895

No source?

Source: New Scientist — 10 Impossibilities Conquered by Science

"Brute force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space".

-Bruce Schneier

"I can state flatly that heavier than air flying machines are impossible."

— Lord Kelvin, 1895

Brute force, so checking every combination, makes some pretty easily verifiable claims.

If you build a supercomputer that occupies a space of only 1 cubic centimetre, that can brute force 1 trillion keys a second, and cover the entire earths surface with these computers, the Sun will swallow the Earth, before you have time to search the whole 256 bit key space.

I have also seen other calculations that information represented as its absolute minimum energy in the laws of physics, that there is not enough energy in the Sun to search a 256 bit key space either.

These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. So these Laws of Thermodynamics will have to be broken first.

I would very much like to see the proof regarding the necessity of the Laws of Thermodynamics to be broken in order to brute force a 256-bit key. Is there any link of such proof? I'm a bit concerned about the use of energy to do the calculations.

In any case:

First...
Then came Newton,
Then came Einstein,
Then came Quantum Mechanics,
Then...

[bitserve]

Getting back to one of the recent mindrust proclamations (i.e. "no way to spend wealth these days"), travel can be a lot of fun, and some ways to both spend wealth and to have some good times with it, and of course some of the travel options have been hampered in recent times, and maybe we are wishing that travel hamperings are merely temporary?... because it would not be right and proper if the only way that some of us could really travel is to have our own private planes... and even having private planes kind of travel (and that level of wealth) could get hampered too if some of the regular joes are not able to come out of our current economic baloney with a bit of meaning in life (not saying that hookers, lambos and blow cannot bring some meaning to some of us)... but there continue to be public infrastructure matters that seem to be necessary for any kind of real comfort in enjoying some of the luxuries of any wealth system...

Oh shit.. does that mean some of us might have to share some of our wealth or even invest?  Fuck.

No way to spend wealth these days"? Even if that were somewhat true, because of coronathinggy I assume, one could always buy a fuck you all property to have all the freedom you want inside your OWN place and land and with your own rules.

Bleh, there will always be ways to spend wealth. Maybe MORE so in difficult times.

We are all worse off if an actual Armageddon situation were to strike, though.  So there are certain infrastructure failures, supply chain failures and lumpen proletariate scenarios that would not be preferred... not that I am necessarily agreeing with mindrust - but there are potential outlier scenarios in which some of us might not be able to enjoy our accumulated wealth including when previous concepts of private property that had been accumulated prior to "awokening" of the masses are overthown.

Make some sense.. except in ANY kind of situation, even if we are worse than before, we will always be better having some wealth than not having it... all other factors remaining equal. It is not that in an armageddon wealth (which can be in many kind of assets, including those more necessary for survival) is unimportant. Of course you can probably have better lifestyle in ideal conditions even if not wealthy than in shitty circumstances even if wealthy (I have always said that Kings of the past probably had worse food available than any regular person nowadays)... but being wealthy will always be better than not.

I don't think theres much to argue about that simple point. If Mindrust really wrote that statement, it is wrong.