Bitcoin Forum
May 26, 2024, 02:59:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

Pages: « 1 ... 27135 27136 27137 27138 27139 27140 27141 27142 27143 27144 27145 27146 27147 27148 27149 27150 27151 27152 27153 27154 27155 27156 27157 27158 27159 27160 27161 27162 27163 27164 27165 27166 27167 27168 27169 27170 27171 27172 27173 27174 27175 27176 27177 27178 27179 27180 27181 27182 27183 27184 [27185] 27186 27187 27188 27189 27190 27191 27192 27193 27194 27195 27196 27197 27198 27199 27200 27201 27202 27203 27204 27205 27206 27207 27208 27209 27210 27211 27212 27213 27214 27215 27216 27217 27218 27219 27220 27221 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 ... 33384 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26390574 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
El duderino_
Legendary
*
Offline Offline

Activity: 2520
Merit: 12127


BTC + Crossfit, living life.


View Profile
October 01, 2020, 05:14:27 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

you are kidding, right....he is one 'smart-ass' guy wearing jobs-style turtleneck (has kind of super huge mouth/smile).
look for pics with sunglasses (Alps?)

The joke was real indeed  Tongue
JayJuanGee
Legendary
*
Offline Offline

Activity: 3724
Merit: 10318


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 01, 2020, 05:21:41 PM
Merited by Karartma1 (1)

snip
First of all, congrats. This is probably the most important post I have seen on the matter since a while. And you reminded me of this epic Andreas talk in Milan 2016 where those guys you mentioned (consultants from Deloitte, KPMG PwC etc.) were completely gobsmacked by that speech, that of course they couldn't understand!
https://www.youtube.com/watch?v=mRQs9Y6CUSU&feature=emb_logo

Yes.  Very nice reminder Karartma1... I may have seen that previously, but I am not sure, so it was good to watch it again.  I started to listen at a faster speed, but the content was so good that I had to slow it down to 1x (maybe it was just my brain is getting MOAR slower). 

In any event, a great youtube link to another moving presentation from Andreas that puts a lot of bitcoin paradigm shifting consideration matters into an interesting and relatively concise perspective in a bit over 30 minutes.
Wexlike
Legendary
*
Offline Offline

Activity: 1473
Merit: 1086



View Profile
October 01, 2020, 05:23:09 PM

The more coins locked-out for a long time, the better. Right ? Grin
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 01, 2020, 05:29:15 PM
Merited by JayJuanGee (1)


https://twitter.com/WhalePanda/status/1311718980206329856

9am Eastern = 1pm UTC = 2pm London

https://countingdownto.com/?c=3245384 lol
Toxic2040
Legendary
*
Offline Offline

Activity: 1792
Merit: 4141



View Profile
October 01, 2020, 05:30:06 PM


#hodlerisunaffected


#dyor
1h



4h

#stronghands
nullius
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2610


If you don’t do PGP, you don’t do crypto!


View Profile WWW
October 01, 2020, 05:32:33 PM
Merited by JayJuanGee (1)

Not your keys Not your coins.
Personally I dont know why people are selling?
Just take your BTC off the exchange.

Good point.

I suppose that now, we get to see how many traders on Bitmex and other exchanges are just in it to stack more dollars, and don’t give a hoot about Bitcoin.  Those will probably be the ones who panic-sell on the news—regardless of whether or not their own coins are even at risk.

Or do most people using Bitmex dont have personal wallets?
What gives?

Personal Wallet?  Keys?  What’s that?

Apparently they hold 193K BTC in their wallets!
[...]
Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)

Wow.  It seems somebody forgot the engineering balance between security and availability.  Whereas availability is a security issue.  Locking 193k BTC of Other People’s Money into a wallet that can be lost with the loss of 2 individuals—that sounds like a vulnerability to DOS a fortune!

Do any two keyholders ever travel together?  Perhaps on an airplane?  Are any two keyholders ever in the same room?

Security and availability is another one of those issues that I intended to write about, on the subject of using seed phrases with ostensibly strong passphrases.  Re AlcoHoDL, et al.  Have not yet gotten to it.  In a nutshell:  If you care about your heirs, don’t use passphrases!  Use Shamir’s Secret Sharing to back up secret pieces in some way that mitigates risk of compromise while you are alive, but also has a high probability of surviving your death or otherwise incapacitation.
Wexlike
Legendary
*
Offline Offline

Activity: 1473
Merit: 1086



View Profile
October 01, 2020, 05:38:47 PM
Merited by vapourminer (1)

Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)



Then they have still enough time to update their setup to a 2 of 3.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 01, 2020, 05:39:47 PM
Merited by El duderino_ (2)

sure Dabs would be happy to hang on to it for them
Phil_S
Legendary
*
Offline Offline

Activity: 2093
Merit: 1467


We choose to go to the moon


View Profile
October 01, 2020, 05:40:32 PM

US Treasury Secretary Mnuchin: We Have Reached Agreement On Direct Payments To Americans
https://twitter.com/LiveSquawk/status/1311445259906318342
JayJuanGee
Legendary
*
Offline Offline

Activity: 3724
Merit: 10318


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 01, 2020, 05:40:46 PM

I have a feeling, BTC gonna cross 11k once again, Elwar making me more bullish  Grin Cheesy Cool

Yes... of course (well duh), our lil buddy gonna cross $11k, but BIG question seems to be "when?"

Also, is $11k even within any kind of realm of meaningful interest?.. In other words, reaching or breaching $11k to the upside seems to be currently within the realm of mostly noize.

Aren't we more interested in "when" BTC might be crossing its most recent medium term local high of $13,880?  Or getting close to such medium local term high in order to cause such $13,880 to be inevitably crossed?

I am actually thinking that BTC price have to get meaningfully above $13,880 (maybe even supra $15k, or maybe $14,250 would be enough?) in order for us to really get excited about such $13,880 being breached to the upside.
criptix
Legendary
*
Offline Offline

Activity: 2464
Merit: 1145


View Profile
October 01, 2020, 05:43:27 PM
Merited by vapourminer (1), JayJuanGee (1)

Not your keys Not your coins.
Personally I dont know why people are selling?
Just take your BTC off the exchange.
Or do most people using Bitmex dont have personal wallets?
What gives?

This is because derivatives on mex (in this case futures) can not only be used for degen trading but to hedge positions on spot markets as a risk management tool.

This is usually what big traders do and when they unwind the trade on one side (bitmex) it has implications on the other side (spot market).

qwizzie
Legendary
*
Offline Offline

Activity: 2548
Merit: 1245



View Profile
October 01, 2020, 05:45:02 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

Crypto Trading Platform BitMEX ‘Attempted to Evade’ US Regulations, CFTC, DOJ Charge
https://www.coindesk.com/bitmex-cftc-enforcement
Biodom
Legendary
*
Offline Offline

Activity: 3766
Merit: 3919



View Profile
October 01, 2020, 05:45:12 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Who is this Hayes character??

you are kidding, right....he is one 'smart-ass' guy wearing jobs-style turtleneck (has kind of super huge mouth/smile).
look for pics with sunglasses (Alps?)

The joke was real indeed  Tongue

could care less about that guy
nullius
Copper Member
Hero Member
*****
Offline Offline

Activity: 630
Merit: 2610


If you don’t do PGP, you don’t do crypto!


View Profile WWW
October 01, 2020, 05:46:20 PM
Merited by JayJuanGee (1)

Apparently it's a 3 of 4 setup, so yes, one more arrest and those coins are gone (not really, but you got that one)

Then they have still enough time to update their setup to a 2 of 3.

That seems to be moving in the wrong direction.  Perhaps try instead expanding 3/4 to (e.g.) 3/7, with fiduciaries distributed in different jurisdictions and geographic regions such that it is unlikely that collusion could result in theft, but also unlikely that too many keyholders could be lost at once due to government action, earthquake, war, cataclysmic asteroid strike, etc.
rolling
Hero Member
*****
Offline Offline

Activity: 824
Merit: 712


View Profile
October 01, 2020, 05:57:03 PM

Looks like Coinbase just added REN and BAL to be traded against USD and BTC.
bitcoinPsycho
Legendary
*
Offline Offline

Activity: 2492
Merit: 2156


$120000 in 2024 Confirmed


View Profile
October 01, 2020, 06:07:14 PM

YFI LOL
600watt
Legendary
*
Offline Offline

Activity: 2338
Merit: 2106



View Profile
October 01, 2020, 06:09:50 PM
Merited by JayJuanGee (1)

That's all good and fine and okay. There are many different car manufacturers, but they all make vehicles to get us from point A to point B. I think Bitcoin and everything around it works similarly.

this is an excellent point you made. during the industrial style revolution, when a new invention was created - let's stay with cars in this example - a consumer who wanted the product could easily check if it did as it was supposed to. it not only needed to look like a car, it needed to actually drive to find buyers. all of a sudden there were hundreds of car manufacturers, a car market emerged, the good car makers survived.

in the digital revolution of our days this mostly still worked. even with software: if you bought MSWord to be able to write a text on your desktop it was trivial to find out if it really did what it was supposed to.

but how on earth is a consumer supposed to know if the "blockchain-tech" does what it should do? how does immutability look like? decentralization? how can a no coiner experience digital scarcity?

what bitcoin does was thought to be impossible for decades. it was an iron wall, could not be penetrated. then bitcoin drilled a hole in that wall of impossibility.  for some unknown reason everyone thought that with this little hole in this massive iron wall that the wall is gone now. but it is still there and only bitcoin went to the other side. folks believing that "blockchain" has torn down that wall altogether. but it is still there.


Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
October 01, 2020, 06:25:15 PM


https://twitter.com/nobsbitcoin/status/1311730626471567363?s=20
JayJuanGee
Legendary
*
Offline Offline

Activity: 3724
Merit: 10318


Self-Custody is a right. Say no to"Non-custodial"


View Profile
October 01, 2020, 06:26:07 PM

The more coins locked-out for a long time, the better. Right ? Grin

No.

Security and availability is another one of those issues that I intended to write about, on the subject of using seed phrases with ostensibly strong passphrases.  Re AlcoHoDL, et al.  Have not yet gotten to it.  In a nutshell:  If you care about your heirs, don’t use passphrases!  Use Shamir’s Secret Sharing to back up secret pieces in some way that mitigates risk of compromise while you are alive, but also has a high probability of surviving your death or otherwise incapacitation.

Well, whenever you are writing further on this particular topic (perhaps in the form of a tome or treatise? - #nohomo), hopefully you keep in mind practicality of regular joes - reminds me a bit of how trace mayer used to recommend people hold their keys.. ... Yeah, right, works for technical geniuses, but not necessarily for regular joes.

In other words, not everyone is ready, willing and able to learn, even if they might meet part of that formula.. they need all of it... including the action and even time components.

Not everyone is as technical as you, and the fact of the matter remains that the vast majority of regular joes (and the jane or two that is in this space) need to have simple as fuck.. and prefer to have simple as fuck.

In recent times, I had been making some changes to my security and back up.. and while I was making such changes, I had to make considerable adjustments that kind of caused rethinking and re-jiggering of the whole previous plan(s)... almost like a shit-ton of make-shift work.... and surely, even causing me to consider some future changes that I am going to make again, "when I get a chance."

The shit continues to be complicated as fuck, even when putting time into various systems that are in place and even changes that take place from time to time, and sure, Shamir secret sharing is somewhat new too, at least in terms of some hardware wallets just starting to allow for that function.. and some people have older devices (and systems too, such as paper methods)
cAPSLOCK
Legendary
*
Offline Offline

Activity: 3738
Merit: 5127


Whimsical Pants


View Profile
October 01, 2020, 06:29:25 PM

https://twitter.com/stephendpalley/status/1311694266389929986

Quote
BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform

yay the drama we need

Oof.  So that's the why behind the dip.

That's a silly reason to dip I think.  Plus didn't we all know this was coming.  I figure we recover fairly quickly.

I...
Hope...
Pages: « 1 ... 27135 27136 27137 27138 27139 27140 27141 27142 27143 27144 27145 27146 27147 27148 27149 27150 27151 27152 27153 27154 27155 27156 27157 27158 27159 27160 27161 27162 27163 27164 27165 27166 27167 27168 27169 27170 27171 27172 27173 27174 27175 27176 27177 27178 27179 27180 27181 27182 27183 27184 [27185] 27186 27187 27188 27189 27190 27191 27192 27193 27194 27195 27196 27197 27198 27199 27200 27201 27202 27203 27204 27205 27206 27207 27208 27209 27210 27211 27212 27213 27214 27215 27216 27217 27218 27219 27220 27221 27222 27223 27224 27225 27226 27227 27228 27229 27230 27231 27232 27233 27234 27235 ... 33384 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!