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

[aesma]

More bitcoins have been lost in the past 10 years than will be found in the next 100 years.

https://twitter.com/lopp/status/1298563747003486209

I'm discussing about this/related on my local board. Here is the thing : can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

If such advances become possible, then "lost coins" might be recoverable at some point, by people with access to supercomputers/clouds.

Would there be/should there be a grace period to transfer coins from current adresses to bigger addresses, after which older addresses would become invalid, making lost coins lost forever ?

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[El duderino_]

Actually......

Its been a long time that some WO regulars have been on the WO

I'm a bit curious of the thoughts of one of theme, he claimed that around this period a lot of WO's wouldn't be active anymore due of longer time down, I always have respected he's opinion as I do respect all the opinions of everyone who are speaking solid and fair thought...
Longer down would always be possible just as faster UP would be as well.

But Majormax I think, please share your opinion how you think at this moment

Cause it played out a bit different as how you where thinking...

[El duderino_]

Congrats to both JSRAW and d_eddie. Well deserved and welcome to the club.
Toxic on deck.

Lesson 1 on how to become a bitcointalk legendary...

-Hang out in the wob thread.
-don't spam,
-don't commit shitcoinery....
-and don't be a dick.

(I know... I can be a dick, but I was grandfathered in...)

Or

-Indeed hang out at the WALL and be humble
-maybe spam? (isn't that what I did?)
-Indeed no shitcoinery, or do it off the books WALL... 
-mmm we can't all be dickless I think or is the WALL full of pussy ??
-don't obvious fish for merit.   (Damn guilty again, did I fished or not before) 
-Don't be a roach, though he's merited a lot as well 

[Syke]

I'm discussing about this/related on my local board. Here is the thing : can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

256 is totally impossible.

[Dabs]

Congrats to both JSRAW and d_eddie. Well deserved and welcome to the club.
Toxic on deck.

Lesson 1 on how to become a bitcointalk legendary...

-Hang out in the wob thread.
-don't spam,
-don't commit shitcoinery....
-and don't be a dick.

(I know... I can be a dick, but I was grandfathered in...)

Or

-Indeed hang out at the WALL and be humble
-maybe spam? (isn't that what I did?)
-Indeed no shitcoinery, or do it off the books WALL... 
-mmm we can't all be dickless I think or is the WALL full of pussy ??
-don't obvious fish for merit.   (Damn guilty again, did I fished or not before) 
-Don't be a roach, though he's merited a lot as well 

add:

- don't be a roach
- don't be a big blocker
- lose some coins
- make some coins

oh wait, already said, ...

can we expect the BTC protocol to evolve at one point to make private keys more secure ? Like making their size bigger (4096 bits instead of 256) so that instead of making a collision almost impossible, it would become totally impossible ? To fend off advances in computing.

Protocol won't change without a hard fork, and you know hard forks are quite, hard. To deal with. We'll end up with Bitcoin Small Key and Bitcoin Big Key, or something stupid.

[aesma]

We're talking very long term here. It could be 50 years from now ! I expect to still be here (alive I mean). I agree that the maths look impossible today, but when deep diving into even just a regular CPU/GPU of today, not a quantum one, it seems impossible too, yet it works. Billions upon billions of transistors in a single chip !

[fillippone]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

[qwizzie]

Looks like this little pump has a bit of fuel behind it.

1 BTC = $11,595

Lets see if it will turn the tide.

[_javi_]

Honey badger likes the FED going brrr

[Spaceman_Spiff_Original]

Whales making splashes for fun.

[El duderino_]

Whales making splashes for fun.

It’s never for fun

Hardcore coin making before it’s to late perhaps

[SwayStar123]

Whales making splashes for fun.

Its a money printer for them, ofcourse they do it all the time

[Cryptotourist]

So if you really love me,
say yesss,
but if you don't dear,
confessss,
but please don't tell me,
perhaps,
perhaps,
perhaps.

[Indymoney]

[BobLawblaw]

Well, that was a strange green dildo out of nowhere, getting rekt fast...

[Torque]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

Until the Fed actually puts their money where their mouth is and raises interest rates, it's all just a load of bullshit anyway.

It's doubtful that Wall Street will even allow them to raise rates at this point. If they try it, WS will just mass sell off stocks, sending markets crashing.

So it's the Fed's allegiance to the 1% that's keeping rates at zero and inflation low (aka stagflation).

[S3052_TheRealOne]

Just in case you want to follow Jerome Powell sending USD full brr and full inflation:
https://www.youtube.com/watch?v=Eig-NOwTpbo


ENDED NOW.
First reaction. They are crazy.

They are focusing on unemployment. Letting inflation running high to "help" lower wages labourfoce to find a job. This is nonsense, they get slaughtered by inflation in the meantime.

EURUSD, XAU and BTC all going the same direction.

Until the Fed actually puts their money where their mouth is and raises interest rates, it's all just a load of bullshit anyway.

It's doubtful that Wall Street will even allow them to raise rates at this point. If they try it, WS will just mass sell off stocks, sending markets crashing.

So it's the Fed's allegiance to the 1% that's keeping rates at zero and inflation low (aka stagflation).

This is 100% true.
Very likely, the rates will rise slowly anyhow, no matter if the FED raises rates. The FED is behind the curve all the time. Then WS will crash anyhow.

[JayJuanGee]

Haters everywhere.....

That's another way of thinking about the matter, which seems to get us back to some variation of the dog eat dog world theme.

[jojo69]

[podyx]

Dis not looking good...