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

[BobLawblaw]

billion dollars being swapped from tron to erc20 chain

Is this good or bad for TRX ? I can't tell. All I know is, really dislike that Justin guy that is the face of Tron.

Total used car salesman sorta vibe.

[600watt]

it is an interesting endevour to think about the strange relationship between bitcoin, "blockchain" and "crypto". we all know that bitcoin is a scientific breakthrough and the first technology to have accomplished digital scarcity. since everything that becomes digitized enters a new dimension of usability it is no rocket science to expect an appreciation in price of the one and only truly scarce token that was able to digitize value for the first time in history = bitcoin market cap will rise.  

then came the shitcoiners, copy&paste the open source bitcoin code, change some arbitrary features (for example: faster block time), declare bitcoin is old tech and try to sell you their centralized scamcoin for bitcoin, yelling "tokenize everything", dismissing that only bitcoin is digitally scarce and call everything the you can bribe coinmarketcap.com into listing it a "cryptocurrency".

then came the "blockchain-not-bitcoin" marketing geniuses from the legacy financial space, declaring "blockchain" is the tech behind bitcoin (which it isn't, since blockchain is just a database structure) and further declare blockchain will change the world, yelling "tokenize everything", dismissing that only bitcoin has achieved digital scarcity and that digital scarcity cannot be pegged to the physical world.

the weird thing is that one side has created 6000 tokens with no use case (other than scamming) and the other side has come up with thousands of use-cases but not a single working token (or "blockchain" product) with real demand in the business world. that fact alone should should get the scammers and their targeted prey wondering.

not sure if there has ever been a new tech that was so profoundly misunderstood. there is no "crypto", there is no "blockchain-tech" there is only bitcoin, the rest is either a scam or a technical/economical shitshow or - in most cases - BOTH.

 

[proudhon]

The science and math viewpoint


Proudhon confirming
ominous and dark from here
scientific future






#haiku

Beautiful

[vapourminer]

iirc pools used to give data on worker numbers back in the days and a lot of miner programs identified themselves as such and such. thereby giving a rough breakdown.. cgminer would mainly of been gpus (back before asic stole -cks code with no credit), some fpga had custom miner software with different names they would report to the pool and so on.

Did anybody collect and archive this data in a useful format?

(Maybe ask the NSA.  They collect everything. 

wish theyd they tell where i left my car keys yesterday.

[Indymoney]

billion dollars being swapped from tron to erc20 chain

Is this good or bad for TRX ? I can't tell. All I know is, really dislike that Justin guy that is the face of Tron.

Total used car salesman sorta vibe.

This is best revivew about Justin because I am also feeling he is really shit person.

[Karartma1]

it is an interesting endevour to think about the strange relationship between bitcoin, "blockchain" and "crypto". we all know that bitcoin is a scientific breakthrough and the first technology to have accomplished digital scarcity. since everything that becomes digitized enters a new dimension of usability it is no rocket science to expect an appreciation in price of the one and only truly scarce token that was able to digitize value for the first time in history = bitcoin market cap will rise.  

then came the shitcoiners, copy&paste the open source bitcoin code, change some arbitrary features (for example: faster block time), declare bitcoin is old tech and try to sell you their centralized scamcoin for bitcoin, yelling "tokenize everything", dismissing that only bitcoin is digitally scarce and call everything the you can bribe coinmarketcap.com into listing it a "cryptocurrency".

then came the "blockchain-not-bitcoin" marketing geniuses from the legacy financial space, declaring "blockchain" is the tech behind bitcoin (which it isn't, since blockchain is just a database structure) and further declare blockchain will change the world, yelling "tokenize everything", dismissing that only bitcoin has achieved digital scarcity and that digital scarcity cannot be pegged to the physical world.

the weird thing is that one side has created 6000 tokens with no use case (other than scamming) and the other side has come up with thousands of use-cases but not a single working token (or "blockchain" product) with real demand in the business world. that fact alone should should get the scammers and their targeted prey wondering.

not sure if there has ever been a new tech that was so profoundly misunderstood. there is no "crypto", there is no "blockchain-tech" there is only bitcoin, the rest is either a scam or a technical/economical shitshow or - in most cases - BOTH.

Quoted and merited for posterity! Applause 

[BobLawblaw]

$11200 incoming. today? now?

You blew it for us, man.

Can't rush these things. Gotta let 'em organically happen.

Next 24 hours, blah etc penis.

[600watt]

MicroStrategy did it again. they bought another 14k btc for $175mil.

they own 38250 btc now.

Michael Saylor is savage.


https://twitter.com/michael_saylor/status/1305850568531947520?s=21

[nullius]

Anyone here know anything about this?  https://xx.network/

Apparently, it has been developing as I live under a rock.  Or else, perhaps there may be disadvantages to ignoring altcoins too assiduously.  There are also disadvantages to a marketing website facially indistinguishable from empty hype, which I would click straight past if the name “Chaum” were not associated with it.

What catches my attention is that the original inventor of digital cash, who also led the creation of the IACR, is probably not a snakeoil peddler.

h/t:

hello and welcome to oldgreybeardcointalk

https://youtu.be/ZVZxRMAeIdo Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars - Ep.186

David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed.

[Zaanda]

https://img.techpowerup.org/200915/bumsexy.jpg

I'm having a hard time confirming your math, but it looks like you're confirming a significant downtrend into the short, medium, and long term scientific future, which I can also confirm.

Yes my math is as follows.

$351b  minus five billon bushels of BS that is about to turn NEG.

= Stephen Hawking / Elvis

[Toxic2040]

the morning wall report


It's Tuesday...and I usually get blamed for these kinda things...today...maybe not. 

#dyor
4h


Nessie blows a mach diamond
D

#stronghands

[xhomerx10]

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

How am I playing with fire? I already took profits and set my stoploss as such I cannot lose money anymore, and even if I hadn't caught the top, when my stoploss hit I would've only lost 1%

 Bitcoin steadily rose from 10250 to 10765 (up $515) on Sept 14th and you executed a short with possibly a 15 minute window that was an $80 drop at best if executed flawlessly and you don't see the fire?  Dude, you're an adrenaline junkie.

[xhomerx10]

Anyone here know anything about this?  https://xx.network/

Apparently, it has been developing as I live under a rock.  Or else, perhaps there may be disadvantages to ignoring altcoins too assiduously.  There are also disadvantages to a marketing website facially indistinguishable from empty hype, which I would click straight past if the name “Chaum” were not associated with it.

What catches my attention is that the original inventor of digital cash, who also led the creation of the IACR, is probably not a snakeoil peddler.

h/t:

hello and welcome to oldgreybeardcointalk

https://youtu.be/ZVZxRMAeIdo Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars - Ep.186

David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed.

 Based on my parental settings, my router blocked it as porn. 

[cAPSLOCK]

Presented with no comment:

[Toxic2040]

Proudhon, get used to HODLers views

#positano

Cheers

+1 WOsMerit


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Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

+1 WOsMerit



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[important message embedded in an image]

need to decentralise mining pools. right fucking now

[important links]

Damn, V8s, important message posted while I was writing long thing.

The deeper problem is ASICs.  Special-purpose hardware can be controlled on the supply side.  What happens if mining hardware requires a licence to purchase?  What, you think they won’t go that far to prevent terrorist laundering and money financing?


I am in Bitcoin because it is more or less our last hope.

I intended to write of this recently...  I actually don’t believe in much of the maximalist economic stuff.  Yes, Bitcoin has long-term fundamentals and will increase in value.  No, I don’t buy that it will become a “world reserve currency”;

I know this is impossible, but I would like to know what Hal Finney would think of the overall Bitcoin situation, exchanges, forks, asics farms, long shorts, bets

He was WAAAAAY clearer on his basic positions that Satoshi seemed to be, and he also saw more deeply into the future I think.  He saw the whole decentralized censorship resistant quality to be important enough that I believe it was CLEAR that he would have been a small block supporter (I think that argument is harder to make for Satoshi, but it is trivially easy for HF, posts here reflect it) and I think if you read his posts to this forum you will see him making small block arguments.

On thing I am interested in that he foresaw that is STILL ahead of the curve as far as the community goes is the need for banks.  He saw (before anyone and even before most of us now) that existing banks, bitcoin banks, and existing payment rails would continue to be in use as this tech evolved.  He saw that bitcoin was a settlement layer before that was a thing for the rest of us.

Man, I REALLY wish he was still here.  He would be such a clear voice of reason, I believe.

+2 WOsMerit's


-----

A.Pompliano talked Jim Cramer into investing 1% of his portfolio into bitcoin.


https://podcasts.apple.com/us/podcast/383-jim-cramer-becomes-a-bitcoin-bull/id1434060078

Pompliano plans to release a new podcast episode on Monday, 14th September, to feature how he managed to convince Cramer.

Cramer is one of the most respected and recognized individuals in the financial media sector, hosting the famous “Mad Money” show on CNBC media company.

Bitcoin Investment Hopes Rise

Cramer’s relationship with the top cryptocurrency has been quite erratic. In the past three years, he has been sending mixed signals concerning Bitcoin. In June 2017, Cramer claimed that Bitcoin’s price could hit $1 million. But he has also been critical, calling Bitcoin an "outlaw currency".

When Bitcoin was approaching its all-time high of $20,000 in December 2017, Cramer made a prediction that the launch of Bitcoin Futures by Chicago-based Cboe Global Markets Inc., would “annihilate” the largest cryptocurrency.

After Bitcoin fell below $6,000 in August 2018, Cramer said that the tide had turned against the cryptocurrency. He added, “I’m not saying its time has passed but there is a notion that the sun seems to be setting.

https://blockchain.news/news/cnbc-jim-cramer-changes-mind-buying-bitcoin

+1 WOsMerit


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Misogynous thoughts
A friend of mine died today
Bitcoin, save my mind!




#haiku

+1 WOsMerit #haikulord

sorry to hear that..condolences



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sorry to hear that Eddie. look after yourself eh

+1 WOsMerit

for having a soul


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 +1 WOsMerit



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-snipped-

Working on it...

eyes start to cross and glaze over..

+1 WOsMerit


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Your not even going to whisper sweet nothings in my ear?   ftfy!

+1 WOsMerit


-----

-snipped-

dunno if thats helpful or not. or if its just lack of caffeine and barely functioning brain cells typing this. heck took like 20 edits to make this seen even vaguely like a coherent post. i will stop typing now.

+1 WOsMerit


-----

Carry on.

[JayJuanGee]

MicroStrategy did it again. they bought another 14k btc for $175mil.

they own 38250 btc now.

Michael Saylor is savage.


https://twitter.com/michael_saylor/status/1305850568531947520?s=21

That is a bit of a strange average purchase price that kind of struck me when I punched it in my calculator (no, I did not do it in my head).


$425,000,000 total purchase price / 38,250 BTC acquired = $11,111,11 (average purchase price) - Science and maths?


Also, just for shits and giggles.  

38,250 total acquired BTC / 21,000,000 total supply BTC = .182143 % of total BTC supply

Science?

Maths?

[...] caught nearly the exact top(for now anyway )! nice

Im in around 60% profit right now, will take some profit to cover fees in case we go back to my entry to stop me out (moved stop to entry)

Playing with FIRE (not the early retirement one). But good luck to you SS123, nice catch.

How am I playing with fire? I already took profits and set my stoploss as such I cannot lose money anymore, and even if I hadn't caught the top, when my stoploss hit I would've only lost 1%

 Bitcoin steadily rose from 10250 to 10765 (up $515) on Sept 14th and you executed a short with possibly a 15 minute window that was an $80 drop at best if executed flawlessly and you don't see the fire?  Dude, you're an adrenaline junkie.

Don't you know that guys like SwayStar make money no matter what?  Even if there was only some kind of small window, they some how figure out how to retroactively disclose how they had made money in order that our confidence is inspired in them.

[nullius]

Anyone here know anything about this?  https://xx.network/

 Based on my parental settings, my router blocked it as porn.

That’s a clbuttic wtf.  I somehow sense an argument against submitting oneself to braindead censorware made by code monkeys who couldn’t care less about actual effects, as long as they make you feel safe.

If you have teenagers in the house, they will anyway assuredly circumvent the block if they want to see porn.  The only block that will work is programming their brains to not desire porn.  That is not advocacy of anything in particular; it is simply an observation of a fact of life in the brilliant technocratic Utopia of the current year.  To attain an objective detachment from emotionally charged arguments, think of it like teaching your kids to cope with 24/7 immersive mass-media advertising and political propaganda.  You cannot protect them for life from ever being exposed to it—not even if you go full Amish, as I myself oftentimes wish that I could do...

Whereas your porn blocker is stopping you from viewing a gently caressing cryptocurrency website.  It would also try to stop your kids from learning about chromosome pairs of the female sex.  Fuck, did I say “sex” in the context of “XX”!?  Block me!  Block me hard!

Code:

/*
 * XXX TODO:  Stop porn blocker from blocking source code.
 */

I recall similar complaints about xxx.lanl.gov, the maths, physics, and computer science research open archive now known as Arxiv.  The xxx.lanl.gov administrator replied by suggesting that anti-nuclear activists should also block “lanl”, and anti-government people should also block “gov”.

“Go for the triple block!”  (Memorable and quoted from memory, from about two decades ago; I have not been able to find the relevant page in web.archive.org.)

If I ever make a website, I will definitely want to have “xxx” in the URL.  Fuck porn blockers.

[Xinarae*]

$11200 incoming. today? now?

You blew it for us, man.

Can't rush these things. Gotta let 'em organically happen.

Next 24 hours, blah etc penis.

Yes @BobLawblaw accurately don't go rush but definitely $11200 incoming next few days.

[fillippone]

MicroStrategy did it again. they bought another 14k btc for $175mil.

they own 38250 btc now.

Michael Saylor is savage.


https://twitter.com/michael_saylor/status/1305850568531947520?s=21

That is a bit of a strange average purchase price that kind of struck me when I punched it in my calculator (no, I did not do it in my head).


$425,000,000 total purchase price / 38,250 BTC acquired = $11,111,11 (average purchase price) - Science and maths?


Also, just for shits and giggles.  

38,250 total acquired BTC / 21,000,000 total supply BTC = .182143 % of total BTC supply

Science?

Maths?
<...>

JJG it was quicker and bigger than expected:
https://bitcointalk.org/index.php?topic=5268108.msg55198419#msg55198419

Regarding the math, my favourite is:

38,250/18,479,537.5=0.2069857%

More than 0.2% of total current supply!

[Last of the V8s]

Chaum did go way off the rails with his previous shitcoin, elixir or something. This would need to be whole rafts better, and it's low on my todo list.