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

[katrinmi]

Block 666,666 not far away 

$66,666 per bitcoin is already close   

[1714251856]

1714251856

[1714251856]

1714251856

[OutOfMemory]

Who coined the "pump for ants" phrase? Was it Bob?

This is so cool.

Yes, i think so. I didn't find the original post, but afair he posted a message in colored caps (purple or blue), big font size over two lines:

WHAT IS THIS?
A PUMP FOR ANTS?

several months ago. I can remember it quite clear because it was a "visual" kind of post.

[lightfoot]

China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.

They learn fast, but the key is they can't innovate for shit. Mostly copying other peoples' ideas. Which means they are always 1 step behind.

[Paashaas]

Uh Oh, $100k price targets too low.

Upward bendy motion detected on Top Cap model. Now on track for $200k minimum.

https://twitter.com/woonomic/status/1351198405981327360

[AlcoHoDL]

Guys ('n' gal), this is fine.

We are virtually pinned to $36k for a while now. Yes, it's boring. Yes, we want higher. But, just pause for a moment, and think. $36k. This is a stellar value. Remember that we were at $16k not too long ago. This is a 125% increase in two (2) months! Have we become too greedy?

The fact that the price holds strong above $30k should make us all ecstatic. Sure, we all liked it when it reached $40k+, but there's no need to rush it. GTCTTWW. Patience and HoDLing will reward us all very soon. We've waited patiently for 3 years, what's another 6 or 12 months?

Not selling a single sat.
May even buy some sats (already regretting that I did not, when we were at $16k).

HoDL.

Look at my post in another thread.
I don't think we ever had a start to a year as good as this year

Yes, exactly. It's been great so far. Here in Euro-land, seeing values of 30,000+ € is just awesome. A long time ago I posted that 10,000 € would change my life, and now we're 3 times that! Of course, as price rises, our goals, desires and priorities may change accordingly, i.e., "moon" is really an adaptive term that could mean $10k, then change to $100k and even reach $1M and beyond. As things stand now, I would consider a value of $100k as my personal "moon", as I guess is the case for many of us. I believe the chances of reaching that value in 2021 are certainly higher than 50%, I'd say more like 70-80% (SOMA guess). Knowing what I know now about Bitcoin, and having survived through the 2017-2020 winter, I'd say that anything is possible, and the best is yet to come.

HoDL strong, brothers.

[Hueristic]

China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.

They learn fast, but the key is they can't innovate for shit. Mostly copying other peoples' ideas. Which means they are always 1 step behind.

True but they are far not behind when every semi conductor manufacturer moves the fabs there. All the bunny suits get a first hand tour of the facilities as they are all Chinese by that time. The Chinese gov knows how to squeeze the people so there is not one of them that will not spy and steal tech and it will literally happen overnight. I was senior hardware engineer back in 2000 when we moved our fabs there from the US and it was industry wide to do so if you didn't you couldn't compete. IIRC we had fabs in Malaysia, Russia and China after the move.

As you noted they are shit at design (and also QC) and US companies outsource the fabs and manufacturing facilities but keep the design in country so that adds a layer to the intellectual theft but do to the quick trun around of having an outsourced fab there is not alot of time to capitalize on new design features before they are stolen and copied. This was well known but ignored as the bean counters are just like politicians, they only care about short term gains so they can score a big bonus and then move on when everything falls to shit.

[Wekkel]

Bean counters at Boeing got away with a $2.5B slap on the wrist for the 737 MAX debacle. Cost of doing business.

[Hueristic]

Bean counters at Boeing got away with a $2.5B slap on the wrist for the 737 MAC debacle. Cost of doing business.

And I'd be willing to bet the scumbag that made that decision got a golden parachute and that is why this keeps happening. those running things never have to pay the piper, all the rest of us do.

The current and former employees, many of whom spoke on the condition of anonymity because of the continuing investigations, said that after the first crash, they were stunned to discover MCAS relied on a single sensor.

“That’s nuts,” said an engineer who helped design MCAS.

“I’m shocked,” said a safety analyst who scrutinized it.

“To me, it seems like somebody didn’t understand what they were doing,” said an engineer who assessed the system’s sensors.

https://www.nytimes.com/2019/06/01/business/boeing-737-max-crash.html

You can bypass the paywall with ublock origin addon.

[OutOfMemory]

Bean counters at Boeing got away with a $2.5B slap on the wrist for the 737 MAC debacle. Cost of doing business.

And I'd be willing to bet the scumbag that made that decision got a golden parachute and that is why this keeps happening. those running things never have to pay the piper, all the rest of us do.

The current and former employees, many of whom spoke on the condition of anonymity because of the continuing investigations, said that after the first crash, they were stunned to discover MCAS relied on a single sensor.

“That’s nuts,” said an engineer who helped design MCAS.

“I’m shocked,” said a safety analyst who scrutinized it.

“To me, it seems like somebody didn’t understand what they were doing,” said an engineer who assessed the system’s sensors.

https://www.nytimes.com/2019/06/01/business/boeing-737-max-crash.html

You can bypass the paywall with ublock origin addon.

There were more than one instance/people at various design and implementation stages that would have become aware of that. Seems like management or whoever suppressed critical thinking on relying on a single sensor for MCAS. Also, in extreme test routines the problem would have already appeared in the simulator.
Boeing looking like amateurs now.

[d_eddie]

Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue. It's the only language corporations will understand; it's the only way to keep them on their toes.

[jojo69]

Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue years of peoples lives. It's the only language corporations will understand; it's the only way to keep them on their toes.

[BobLawblaw]

Hey, so, like, fair warning.

We are two days away from inauguration, and from some of the fringe scenarios I've been reading, things are likely to range from Nothingburger to Biblically-Apocalyptic.

Just a reminder, that any political talk about any US political figures, will be met with "tastefully" censored, horrible, awful yaoi, within this thread.

Let us keep our eye on The Corn, and not get distracted by the fall of Western Civilization.

Please do not test me.

I beg of you.

I'm trying to be way more chill in 2021, and you guys can really help me out in that regard.

nohomo brohugs

[d_eddie]

A technical question. I must have broken my Tor installation somehow, because that network doesn't seem to be reachable by the bitcoin-core client anymore. The Tor browser itself works fine, though. Any suggestions?

Code:

bitcoin-cli getnetworkinfo
{
  "version": 210000,
  "subversion": "/Satoshi:0.21.0/",

# snip

    {
      "name": "onion",
      "limited": true,
      "reachable": false,
      "proxy": "",
      "proxy_randomize_credentials": false
    }
}

Solved. I messed up the proxy line in bitcoin.conf somehow. Now all is well.

[El duderino_]

tv screen gif

Already feeling sorry for what’s gonna happen to those poor souls

[vapourminer]

Bean counters at Boeing got away with a $2.5B slap on the wrist for the 737 MAX debacle. Cost of doing business.

well they build military hardware beside the civilian side of it so there are hardly going to be really punished. military needs their toys.

[DIA7]

tv screen gif

Already feeling sorry for what’s gonna happen to those poor souls

time to look for the keys for those old wallets where you keep those shitforks and airdrop.
But still gas fees for those ERC20 tokens is gonna cost more then a kilo of shitcoins.

[sirazimuth]

https://finance.yahoo.com/news/iran-reportedly-seizes-45k-bitcoin-083734251.html

[LFC_Bitcoin]

[JayJuanGee]

Don’t worry just when it starts to get boring something always turns up.

Every day is a surprise. this is Bitcoin

Well tbh, after following crypto (sorry for using that term Jay... don't bat-slap me) for past 7 years, nothing in the Bitcoin theater surprises me any more....

 

[AlcoHoDL]

Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue. It's the only language corporations will understand; it's the only way to keep them on their toes.

In a documentary I watched around 20 years ago, it was mentioned that the cost of human life in an aviation accident was valued at $250,000 per person. So, it was said that aviation companies would do a budget analysis of the cost of fixing the technical problem vs. the lives lost because of it, and the cheapest course of action would be chosen. Not sure how relevant this is today.

I think there ought to be strict technical requirements for the design specifications of such automatic control systems in aircraft. Having only one sensor as the input to a system capable of automatically taking over the controls of an aircraft should be an instant red flag. I'm a control engineer, and routinely include redundancy in my designs, so that the chances of a critical failure are minimized. Even in the event that a failure does occur, there should be systems in place that disable the failed units and smoothly return control to the pilot.

I read Hueristic's article and was surprised that such a poor design of the MCAS system was given the green light. Flight tests are not sufficient, there should have been strict inspections at the design level. The fact that a system passes a set of flight tests just means it works in the conditions it was subjected to, not in every possible situation. Experienced engineers should have inspected the design and should have rejected it straight away when they saw that only one sensor was being used. Such a system will probably pass all flight tests with ease, but it's still a failed design.

Similar guidelines exist in weapon systems design. There may be complicated electronics that solve the fire-control system problem, but the firing command is usually sent to the weapon "outside the loop", by means of mechanical switches that simply short-circuit two wires. It may sound simple, even primitive, but it is very robust and gives total and exclusive control to the weapon system operator, no computer is allowed to fire the weapon on its own.