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

[bitserve]

i am taking a bet on CT. if price reaches $400k before next halving I lose 1 btc. if it doesn't, I win 1 btc.

already salivating...

How can I make a bet/hedge like that? Asking for friend...

[Cryptotourist]

i am taking a bet on CT. if price reaches $400k before next halving I lose 1 btc. if it doesn't, I win 1 btc.

already salivating...

Hello, is that me? (just making sure)
Thank you for the offer, but it seems we have a few problems with that bet already.

1. Bitstamp price?
[No, cryptotourist.exchange.io]

2. I don't believe that BTC will reach $400k before the next halving.
My guesstimate for this bull run, is $80k-$240k. I know it's a big spread, but I can't be more precise for now. DEC 2021 btw. And then we drop. Hard.

3. I'm not a gambler. In fact, I even quit online poker last year. I do enjoy however, occasionally taking my friends petty money on a live table.

4. I value 1 BTC way too much to put in on the line.


The "if we dip below $10k again" beer on me, of course stands.

[VB1001]

i am trying to find out how money transfers through banks technically work (ACH, SEPA). I cannot find anything useful, there are just general descriptions but not detailed technical descriptions. what I want to find out is to what level present day money transfers between private consumers or between business and customer are automated/digitized. how do clearing houses work under the hood? how do they receive, control and process transactions? how are their databases connected or are their kept separate? 

i am willing to rain merits for useful info. or even sats. is there a banker here or someone with prime knowledge about this topic?


thank you!

This is what you might looking for 600watt.

Prepair for a long though read.

https://www.europeanpaymentscouncil.eu/sites/default/files/kb/file/2018-11/EPC125-05%202017%20SCT%20Rulebook%20version%201.3.pdf

Understanding SEPA https://docs.oracle.com/cd/E39583_01/fscm92pbr0/eng/fscm/fgat/concept_UnderstandingSEPA-347ef4.html

[bitserve]

Edit:  Dabs, there you go, pre-empting me while I am writing a post and multitasking:

2. Snail mail is usually in sealed envelopes.

My general policy is that if you don’t want to use end-to-end encrypted communications, which are easier to use than ever before (with so many things available that are easier than using gpg in the terminal!), it means that you do not want to talk to me.  Bye!  Although that is not always practical to enforce in business matters, I actually cut people out of my personal life over this.

...make even minimal effort to talk to you.

Reminds me of Snowden. He kinda forced the media who were trying to help him at the time he was escaping to Hong Kong or thereabouts (according to the movies about him); encrypt or don't say anything.

I would argue that in the case of PMs (private messages) on this board, only the admins can easily read them if they were unencrypted. Mods do not have that power. The whole site goes through https, so ... there is some encryption going on, just not really end-to-end person to person. So who can read PMs here? Basically theymos and a handful of other admins, and anyone who compels them to.

So encrypt your PMs, no one can read them for sure.

Cloudflare.

[Torque]

OT: Amazon upping their in-home spy devices game from a "hard no" to "oh hell fucking no!" level :

https://www.yahoo.com/news/rings-tiny-drone-autonomously-fly-173100481.html

But wait, there is more:

https://twitter.com/doctorow/status/1304450801746587648
Today in "Cyberpunk is a warning, not a suggestion" news, Amazon has released a landlord edition of its Alexa surveillance speaker that can be forced upon tenants.

They're not even trying to hide the future Orwellian surveillance agenda anymore. And I must say, it's a brilliant marketing strategy: "In the beginning we'll let them invite these devices into their homes, offices, schools, apartments, restaurants, etc. willingly. Then one day in the future, we'll make them so integrated into their lives and necessary that they will all become mandatory."

While I totally sympathize with Duderino's "I don't care what they think of me" attitude, there is a deeper problem the Dude doesn't see yet.

Imagine for a moment the General Attorney for Belgium or the USA (coz we all know they have powers everywhere) wants to get promoted by proving the Dude to be a kiddy fiddler, terrrst, money launderer, hacker etc.
Ask yourself for a moment if you've never said, email, texted, chatted any sentence or words that could - if even completely taken out of context - support the GA's case? Or if any search on Google, any location Apple has recorded from you, any books and items you bought from Amazon could eventually be used against you.

Or imagine that every socially/politically charged statement that you've ever made in the privacy of your own home, every off-handed comment, every off-color/non-PC joke, even comments/statements or an epic rant that you've made that could be misconstrued by someone as "racist", "fascist", "nazi", "misogynist", "against the government", "against the police", "illegal", "pedo", or whatever, gets recorded by your spy-device du jour. And the next thing you know, you've been doxxed, outed, your face all over social media, the media prints a false statement about you, you lose your job, you lose your business, etc. Or worse, you get arrested over it.

It may not even be you per se...it may be your idiot friends or family that come over and say or do idiotic, or possibly even illegal, things that get recorded. You may be implicated by association.

Even a heated argument or fight between you and your spouse could get recorded, and then used against you as "emotional distress" or "battery".

It doesn't matter if you think that you are not breaking any laws. These days you will be unfairly tried and convicted in the court of public opinion.

[Dabs]

Cloudflare.

I wouldn't worry about them too much. It's assumed they can read it, but will a human? (maybe if they keep the data and perform searches, maybe). Cloudflare / government does not mean anyone else in the public can. Perhaps hackers who break into cloudflare or work for the government.

You have bigger issues if you are specifically a target.

Encrypt your PMs and it's unreadable.

[aesma]

My sister offered me and my father a DNA test kit, the kind that will tell me I'm 42% this, 23% that, etc. Which in itself is total BS and very "unFrench".

Offering it to me and my father, she didn't realize it sent the message "there are doubts about your parentality". Probably because there is in fact no doubt, we look very much alike, have the same shade of grey-blue eyes, the same slight eye defect to the same eye...

Knowing I'm a fan of Agatha Christie, police procedurals, CSI, the concept of a perfect crime, she didn't realize I would never give my DNA willingly !

And nowadays that's not enough, you must convince your extended family not to do it either, which in my case is a daunting task as my family is very large.

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $10,660

[Febo]

My sister offered me and my father a DNA test kit, the kind that will tell me I'm 42% this, 23% that, etc. Which in itself is total BS and very "unFrench".

That was very popular a year or so ago. But if you look on YouTube people are getting confusing results. When same person send it to few different companies to test it and get very different results . Companies also give you different kind of results. Some, but is more expensive, can also tel you to what diseases you are prone to. That would be a useful test. But question is how accurate they are and if false it would just give you more worries.

[JimboToronto]

Good morning Bitcoinland

Still sideways... currently $10672USD/$14308CAD (Bitcoinaverage).

C'mon Bitcoin move up. I have to sell a little to pay month-end expenses.

Go Bitcoin go.

Privacy doesn't necessarily mean illegal activity. Some things must be kept private, and I hate it when this privacy is violated.

No freaking kidding. Invasion of privacy is what's criminal.

There is no freedom without anonymity. Identification is evil.

It's depressing how many people voluntarily post pictures and personal information about themselves on "social" (haha) networking websites. I guess their little lives are so insignificant they're starved for attention.

Some even go so far as to actually want to be famous. Fame is a bothersome price that is paid to acquire wealth.

The secret is to acquire wealth and success without fame. Go Bitcoin go!!!

[psycodad]

My sister offered me and my father a DNA test kit, the kind that will tell me I'm 42% this, 23% that, etc. Which in itself is total BS and very "unFrench".

Offering it to me and my father, she didn't realize it sent the message "there are doubts about your parentality". Probably because there is in fact no doubt, we look very much alike, have the same shade of grey-blue eyes, the same slight eye defect to the same eye...

Knowing I'm a fan of Agatha Christie, police procedurals, CSI, the concept of a perfect crime, she didn't realize I would never give my DNA willingly !

And nowadays that's not enough, you must convince your extended family not to do it either, which in my case is a daunting task as my family is very large.

Ancestry.com which made roughly 1 bil annual revenue was just recently sold to Blackstone for 4.7 bil:

https://www.reuters.com/article/us-ancestry-m-a-blackstone-group-idUSKCN2512ES

The key to this very high price (wrt annual revs) is probably this:

Today Ancestry said it has 3 million paying subscribers, a collection of 24 billion records, and more than 18 million people in its AncestryDNA network.

That is about 20 cents per DNA record set. Resold to interested parties at $1 per record set a few times should result in a nice profit I guess.

If you ever used ancestry, you are now their product on sale, even though you paid for the service.

[JimboToronto]

Today Ancestry said it has 3 million paying subscribers...

That's a lot of suckers actually paying to be data-mined in the most invasive way. Pathetic.

[Hueristic]

The fight between Nada & Frank was hilarious. Just wear the fucking glasses man! Damn!

Nada: "I have come here to chew bubblegum and kick ass... and I'm all out of bubblegum." Epic!

That was a hilarious fight, this is another of my favorites.


https://www.youtube.com/watch?v=lwGkOFb2j7s

[Hueristic]

All non-public communications should be encrypted.  Period.

If you only encrypt selected things, then you are red-flagging those things as “something to hide”, leaking what is in practical effect contextual metadata, and inviting targeted attackers to seek specifically the things that you wanted to encrypt.  Oops.

W0rd.

[600watt]

i am taking a bet on CT. if price reaches $400k before next halving I lose 1 btc. if it doesn't, I win 1 btc.

already salivating...

How can I make a bet/hedge like that? Asking for friend...

what is your twitter handle? I can dm you his betting offer and maybe he is willing take more than just the bet with me. since it will be done via smart contract on bitcoin once it is set up, no cheating is possible.

[VB1001]

Damn in life there is always someone who has more https://i.imgur.com/rMhiSPb.jpg

I will settle for my dinner, today I open the fall season with a raclette, a good red wine.

Right now I toast and share a beer with everyone, take care.

[Paashaas]

So it again begs the question..why? If they have the technology to completely mask their presence and travel the stars unobserved..why the hell are they here watching us?

You can write a whole book about it but i'll kick the door straight away.

They are watching us because they are in a way our creators atleast according to Sumerian texts. The Sumerian texts was written in a language that was developed in ancient Mesopotamia and is the oldest known written language originated around 8000 BC.

They called them the ''the engineers'' ore sky gods other civilisations called them star/cloud people, giants and angels. (They are the ones who build all those megalithic structures) Those engineers seeded life on thousands of planets and have looked to learn about how life evolves in different ways including Earth in the hope that we too might one day reach their vast intellect to understand the universe to unlock the secrets of space travel and the after life and who we really are. They say that we are made from flesh and blood but our soul is made from pure energy.

They will return one day when we're are ready.

[nullius]

I named myself after Homer  

Edit:

I misunderstood your emoji, until I just checked the associated alt text.  D’oh!  I apologize for having come off as insulting to you about that issue.  I will edit my prior post to note this.

Homer Simpson is a cultural pet peeve of mine, for so very many reasons; but I would not have made that personal to you, if I hadn’t thought that you were ridiculing me for not being sufficiently “hip” and modern!

Interpretation of emojis, icons, and other pictograms:  Another modern problem. :-(

End of edit.

Naturally, as a gentleman, I paid you the compliment of presuming that you named yourself after the immortal genius whose epic poems are hailed by scholars as the founding documents of Western culture—the non-ephemeral Homer who will be remembered in the future, as he has been remembered for thousands of years—instead of a popular fictional fad character made to brainwash the masses into believing that men must be fat, stupid, out of control of their own lives, and not only lacking in household authority but also, abjectly undeserving of it.  D’oh!  I can almost hear Marge sighing at my mistake, before she does something to fix the situation with her homely practical wisdom.

...according to the servile mode of thought, the good man must in any case be the SAFE man: he is good-natured, easily deceived, perhaps a little stupid, un bonhomme.  Everywhere that slave-morality gains the ascendancy, language shows a tendency to approximate the significations of the words “good” and “stupid.”

  I was more concerned with 'modernity' than 'whore' but I appreciate the insight nonetheless.  Cryptotourist understood what I wrote and had already defended your hypocrisy as trolling; I was happier with that explanation.

My contempt for modernity is not trolling!  To the contrary.

You misunderstood so completely that I am not sure how it is even possible (and if thus you are trolling me—touché, IHBT).  I was “trolling” sirazimuth over the CT/123 thing.  Edit:  And reviewing the context:  I wasn’t even criticizing modernity in the post that you very selectively (mis)quoted.  To the contrary, I was saying that old allegories can be adapted to the scenarios of new times.  Hypocrisy?  WTF?  Edit again:  Oh, so was your link specifically to an Urban Dictionary definition of “whore” intended to suggest that I be a hypocrite for finding timeless old stories relevant to new problems, but not chasing idiotic, oftentimes politically motivated fads in language?  If so, that is such an absurd confusion of concepts that I could not guess what you did not say.

Do you seriously suggest that, because I do generally despise the culture and worldview of modern times (i.e., about the past two centuries), I am a hypocrite if I don’t go full Amish?  That would present me with a false dilemma based on comically simpleminded, absolutely binary thinking.

Just because something is new, that doesn’t make it good—but that doesn’t necessarily make it bad, either.  Both fallacies are idiot-traps.  Moreover, only a fool refuses to use the tools available to him in his own life—if those tools can help him to achieve goals that are more important to him than the tools’ cost.

And by the way, speaking of newness—my contempt for modernity is not new.  E.g.:

Society cannot continue even another hundred years the way we are now.

I thought it clear, my implication was past-tense.  You are most of a hundred years out of date for the collapse of anything which could be properly called a functioning “society”.  Some might say, more than a hundred years.  The problem is that those living in a post-apocalyptic desert of downfallen, zombie-like anthropoids have already forgotten what it means to be human—what it meant, once upon a time.

By comparison, Roman society was a zombified rotting corpse for four or five centuries before the civil machine built by long-gone forebears ran out of momentum.  I can see how greater technology could have accelerated the ultimate downfall in various ways.

What’s left is to secure yourself, take care of your own, live by honour alone whereas law is meaningless, keep busy with something productive, and try to have some fun.

[...]

I believe nullius has a more optimistic view of the future than I do.  

“Optimism is cowardice.” — Spengler (writing most of a hundred years ago)

* Marge sighs.

In a modern world so absurd that I have almost wholly given up on satire, serious thought is mistaken for nonsense.

[JayJuanGee]

I honestly say.... Listen happily to my dailey BS and view me walking naked, couldn't be less bothered.... Pffff they will shut down themselves if they saw my episode when I got my ass dumped  

I hear ya!
The problem is elsewhere.

Today, you don't give a fuck. But what if in 20 years (for example's sake), you are someone incredibly rich and incredibly important.
They will use all that collected info - most likely against you. [highest bidder wins]

Maybe you don't know..... But you're writing with the most important man/occupant of this laptop i'm sitting behind, what are they gonna use against me.... I'm not afraid someone throwing my dick on the net   Still if i'm a normal guy, not doing the most worst things, cheating when with someone or stealing or .... Then they can use what they like, its not that i'm gonna be the next president of the US even not the King of this little Belgium  
I might or will be important for some, but still I have never been bothered with to much sh*t .......  

I have to agree with Cryptotourist again... what a strange world to be agreeing with cryptotourist...

There are all kinds of possible levels of spies (governmental, hackers, attackers, private commercial, etc).. and surely most of the information has little or no value, but still problematic for peeps or entities to be getting this information without your explicit permission.. including that you might have more issues down the road because you had not anticipated how the information might end up getting used down the road by some entity that you had not anticipated (and you don't even know)..   asymmetrical in that regard.  They have information about you, but you don't have shit about them or know what they have about you, exactly, because you hardly even remember what you ate for breakfast.   #justsaying

Just thought back.... mindrust holding on to that anonymous price prediction (and what such wrong info could do with a man), true BTC's don't follow predictions....
We just see NOW and what its all about.

That was following masterluc.. or whatever, just as well to have been anonymous.

mindrust knew so much based on his fear... did the wrong thing, and failed/refused to take mitigating steps based on his purported superior knowledge and fear that looks totally crazy in retrospect.  I tried to answer a similar question regarding how to act/react to these kinds of extreme unknowns in one of my posts from earlier today (actually less than an hour ago).  And, surely the answer is that none of us really know for sure, but we still should be attempting to act somewhat prudently and without rashness - especially based on BIG BTC price movements - that are somewhat within expectations, even if such BTC price moves ended up overshooting what we had expected.

[Phil_S]

i am trying to find out how money transfers through banks technically work (ACH, SEPA). I cannot find anything useful, there are just general descriptions but not detailed technical descriptions. what I want to find out is to what level present day money transfers between private consumers or between business and customer are automated/digitized. how do clearing houses work under the hood? how do they receive, control and process transactions? how are their databases connected or are their kept separate? 

i am willing to rain merits for useful info. or even sats. is there a banker here or someone with prime knowledge about this topic?


thank you!

https://engineering.gusto.com/how-ach-works-a-developer-perspective-part-1/