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

[Last of the V8s]

bum?

[somac.]

To the moon and get your boots packed we are observing $12,230!

Soon enough price will be as follows

[Last of the V8s]

sorry your paypal account has been frozen because one of your satoshis once might have bought a reefer off some bloke. meanwhile, we will be rehypothocating the fuck out of that shit. thanks dear luser

[cAPSLOCK]

sorry your paypal account has been frozen because one of your satoshis once might have bought a reefer off some bloke. meanwhile, we will be rehypothocating the fuck out of that shit. thanks dear luser

Oh just pee all over it why doncha?

But yeah.. we got a lot of stuff in the future... the ways things are going it's getting hard to anticipate the bumps and twists... so fun. 

[Lambie Slayer]

October 8 last year( https://nationalinterest.org/blog/buzz/paypal-backs-out-facebooks-cryptocurrency-scheme-how-tech-world-responding-86591 ) Paypal announced it was backing out of Facebook's Libra partnership.



Lets not forget that Visa, Mastercard, and Stripe backed out of the Libra scheme 3 days later...

https://www.cnbc.com/2019/10/11/ebay-drops-out-of-facebook-libra-cryptocurrency-one-week-after-paypal.html


Fast forward 379 days later and Paypal announces wrapping its lips around King Bitcoins long blockchain.

Soooooo....... It seems to me its just a matter of days before Visa, Mastercard and many other big players fully jump on board the train. It was always inevitable.

 

[cAPSLOCK]

October 8 last year( https://nationalinterest.org/blog/buzz/paypal-backs-out-facebooks-cryptocurrency-scheme-how-tech-world-responding-86591 ) Paypal announced it was backing out of Facebook's Libra partnership.



Lets not forget that Visa, Mastercard, and Stripe backed out of the Libra scheme 3 days later...

https://www.cnbc.com/2019/10/11/ebay-drops-out-of-facebook-libra-cryptocurrency-one-week-after-paypal.html


Fast forward 379 days later and Paypal announces wrapping its lips around King Bitcoins long blockchain.

Soooooo....... It seems to me its just a matter of days before Visa, Mastercard and many other big players fully jump on board the train. It was always inevitable.

 

Merited both for the quality of the point and for "Paypal announces wrapping its lips around King Bitcoins long blockchain".

lol.

[Lambie Slayer]

Just a few bucks away from a new 2020 high! The good old days are back boyz

[cAPSLOCK]

It's gonna be tough for a lot of idealistic Bitcoiners to accept the fact that some of bitcoin's "layer 2" is gonna be built by people who do not share the cypherpunk ethos.

Thing is... that's really part of the ethos isn't it?  I mean, who is not allowed in the pool?

This is why I have always sort of resisted the whole "fuck the banks" aspect...  Central banks? Yes.  But people like Paypal, Visa, Western Union, Wells Fargo?  They are gonna play or get slaughtered.  They will end up in.. as we are seeing happen.  Bitcoin has to be strong enough to handle it.

[Lambie Slayer]

[JimboToronto]

Good morning Bitcoinland.

I see we're still going up and blew past $12.4k this morning... currently $12425USD/$16295CAD (Bitcoinaverage).

AYH here we come. Go Bitcoin go.
_______

Paypal "wallet"?

Another way for suckers not to control their own keys.

[serveria.com]

My god, poor mindrust POOR MINDRUST... 

[strawbs]

In the very early pages of the WO, we talked of acceptance by paypal as a distantly dreamed of moon event. It's happening Gentlemen. It's happening now. And we're amongst the first people on the planet to know about it. What a great time to be alive and informed. And hodling.

[rdbase]

News has officially hit Crypto Youtube so the Fomo will keep the rocket train going all day long!
https://www.youtube.com/watch?v=CzXfSKcWuTY

Ah.. so they partnered with Paxos to be granted the bitcoin license that many were hard pressed to obtain so to be able to operate out of the US.
https://www.coindesk.com/paypal-new-york-conditional-bitlicense-paxos-cryptocurrency

Will see how this will turn out as others have already mentioned it did not go well one year ago with zukerbucks.
Will see if Elon being the ex-ceo of dogecoin will bode well for institutional bucks going headfirst into it's next foray.

[lightfoot]

Yeah, looks like the up elevator is on the way....

[Lambie Slayer]

It's gonna be tough for a lot of idealistic Bitcoiners to accept the fact that some of bitcoin's "layer 2" is gonna be built by people who do not share the cypherpunk ethos.

Thing is... that's really part of the ethos isn't it?  I mean, who is not allowed in the pool?

This is why I have always sort of resisted the whole "fuck the banks" aspect...  Central banks? Yes.  But people like Paypal, Visa, Western Union, Wells Fargo?  They are gonna play or get slaughtered.  They will end up in.. as we are seeing happen.  Bitcoin has to be strong enough to handle it.

The closest historical parallel I can find to the spread of Bitcoin is the spread of Christianity in the Roman Empire.

At first some Christians were surely thinking fuck the Romans while others were seeing the inevitable spread of their ideology and the Roman Empire as the ultimate convert target.

Less than 400 years after Legio X Fretensis of the Imperial Roman army crucified Jesus, the Christian ideology had taken over the empire.

Keep in mind this was during a time when information couldn't travel faster than a horse's gallop.

"Rome becomes Christian
In 313 CE, the emperor Constantine issued the Edict of Milan, which granted Christianity—as well as most other religions—legal status. While this was an important development in the history of Christianity, it was not a total replacement of traditional Roman beliefs with Christianity.

In 325, Constantine called the Council of Nicaea, which was a gathering of Christian leaders to determine the formal—or orthodox—beliefs of Christianity. The result of this council was the Nicene Creed, which laid out the agreed upon beliefs of the council.

In 380 CE, the emperor Theodosius issued the Edict of Thessalonica, which made Christianity, specifically Nicene Christianity, the official religion of the Roman Empire. Most other Christian sects were deemed heretical, lost their legal status, and had their properties confiscated by the Roman state."

https://www.khanacademy.org/humanities/world-history/ancient-medieval/christianity/a/roman-culture

I find the last sentence to be one of the most important. If history repeats than Bitcoin will become the global reserve currency and most altcoins will lose legal status and be confiscated by the Global Elites in their Bitcoin Citadels.  

I see the Imperial Cabal of Central Banks as a sort of Financial Fascist Super-State that is the ripest and juiciest target for converting into our Hodler ideology.  

Now that humanity has taken the horse gallop speed of information dissemination and increased it to the speed of light it seems logical for Bitcoin to become the Global Reserve currency in a few decades or less.

[LFC_Bitcoin]

My god, poor mindrust POOR MINDRUST...  

Many men have fallen during battle, we will remember them but the strongest hands march on to the promised lands together.

[ivomm]

New AYH!

[BobLawblaw]

Well, it's nice to be officially "wealthy" again at these BTC/USD prices. Freaking surreal.

Too bad the Paypal news is so lame. Not being able to move crypto between accounts, or into your own custody is going to red-pill quite a few folk about "not your keys, not your coins"

Gentlemen.

[cAPSLOCK]

Well, it's nice to be officially "wealthy" again at these BTC/USD prices. Freaking surreal.

Too bad the Paypal news is so lame. Not being able to move crypto between accounts, or into your own custody is going to red-pill quite a few folk about "not your keys, not your coins"

Gentlemen.

Yeah... but the thing is... People will get exposed. And some people will figure out that other wallets let you have more control etc.  As much as @jack makes me want to march around with my AR strapped to my chest, he is going to drive things in the right direction for BTC.  At least it seems so.

[strawbs]

Well, it's nice to be officially "wealthy" again at these BTC/USD prices. Freaking surreal.

Too bad the Paypal news is so lame. Not being able to move crypto between accounts, or into your own custody is going to red-pill quite a few folk about "not your keys, not your coins"

Gentlemen.

Yeah, that was one of my initial thoughts too. But that's eclipsed imo by the ability to send your bitcoin to paypal and then be able to spend it anywhere paypal is accepted, which is almost everywhere online. So just one extra step allows us to spend bitcoin almost everywhere. That's huge (no need to keep huge amounts of bitcoin there).