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

[Biodom]

privacy nightmare ensues? is it a path to something undesirable?
https://finance.yahoo.com/news/facebook-exec-on-launching-digital-wallet-we-plan-to-earn-peoples-trust-173921742.html

might eventually kill western union and/or xrp, but with identification required upfront, btc might not be affected.
they say that they would not co-mingle, but everyone knows that they eventually WILL..in a version 3.1 by my estimate.

[JayJuanGee]

Enjoying my first and well deserved retirement vacation after lockdown and kids summercamp. I'm in Kos island, Greece. The mountains at the background is Turkey.

Why would you want a vacation now?

Too many things happening in bitcoinlandia, and in the world, no?

Come back, Paashaas.  We (royal that is) need you in the "real" world.

what a way to wake up in the morning :
"Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly.  This is incredibly disappointing. We want to be clear that this behavior does not represent our values as a team"
Wow, opensea, what a SURPRISE, that employees (including literally top management, Nate Chastain, Head of Product of all positions) fucked over everyone.  I am surprised and shocked, dare I say SHOCKED, to see that the platform fucks over people buying NFT's for personal profit.  Shocked I say /s

Link or it did not happen.

 

Also would like to revisit an old article from early this month which states "Researchers from the University of Texas have raised fresh concerns regarding Block.one’s record $4.362-billion ICO for the EOS blockchain in 2017 and 2018.(...)First, it directly manipulated EOS’s offering price upward through the extra buying and inflated the market value of the token. Second, it created the false impression of value of the token which enticed others to want to purchase the ICO token"

So 40% of the ICO was wash trades, for 1.2 million ETH, to pump the price and create an illusion of activity to entice people to buy it.  Everybody knows about this strategy.

But can we pump before the reckoning pls ?

Again?   

Delving into real shitcoin territory here... but I can hardly even believe any of this for a minute without an actual link or a pic or something..

Enjoying my first and well deserved retirement vacation after lockdown and kids summercamp. I'm in Kos island, Greece. The mountains at the background is Turkey.

Nice 🍸🍺🍺🍻

Don't encourage him. 

 

Next thing you know, he will be on "perma-vacay" blah blah blah...

And that's all we need in these here parts... another disappeared WO regular.

[OutOfMemory]

And that's all we need in these here parts... another disappeared WO regular.

So true and whenever i think about some of those disappeared regulars, it feels very strange. Especially in these very covid times...

[philipma1957]

I would not use SMS that way, personally, because, that's exactly how hackers sim swap to get into your account. If I have google auth, or the secret, I keep that stored separately. Then I can always use that to generate the new time based one time code that changes every 30 seconds.

I actually don't use a phone or mobile device for my google auth codes, I use a separate computer. I'm compromising in other forms of security but generally it's still better than what most people use or do.

Don't break your phone, or make sure you have the secret so you can easily use it on any other phone or device.

Precisely. I actually do use a dedicated tablet for that separate from my phone and other computers. It stays turned off and stored in a secured/locked, non-disclosed location when not needed, and I only turn on wifi for about 1 minute only to re-sync the google auth codes when needed every few months when I use it, and then turn wifi right back off again. The secret is stored offline and secured. I do all crypto related activity on a desktop only (with a hardware wallet), not on a phone. Actually never on a phone.

It boggles my mind that most crypto people I read about do everything, including crypto wallet storage and also authentication to their crypto accounts, all on one single device: their phone. Are they fkn stupid? It's almost like they want to get phished/hacked/scammed out of their crypto.

I will say one thing though: we will never achieve mass adoption of Bitcoin until storing and using crypto is as easy as having and using a bank account online. The masses will never jump through all these technological hoops in order to adopt bitcoin. They are too afraid of fucking something up and getting hacked.

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

[JayJuanGee]

Darwin, nature and all. Some will get it, some won't. That's life. I feel I did my part in spreading the word when I could, and I still do if I see really genuine interest.

You, me and OOM seems to be saying very similar things here.. just using different words.

I agree.
Especially you and me, we have a history of saying similar things using different words, which brought us to some temporarily heated discussions, occasionally.

Hopefully, not too heated.   #nohomo

Thanks to AlcoHODL and all the other bro's here around that are able to further "translate" my words into their original meaning  

hahahaha

Their "original meaning"..

And that's all we need in these here parts... another disappeared WO regular.

So true and whenever i think about some of those disappeared regulars, it feels very strange. Especially in these very covid times...

Of course, we are all mortal (unless we happen to be a "lucky" Turing-complete bot, and what are the odds of that?) - so peeps are going to disappear for sometimes unknown reasons.. and what is this thread?  around 8.5 years long in the tooth?

[ChartBuddy]

Explanation

[OutOfMemory]

Darwin, nature and all. Some will get it, some won't. That's life. I feel I did my part in spreading the word when I could, and I still do if I see really genuine interest.

You, me and OOM seems to be saying very similar things here.. just using different words.

I agree.
Especially you and me, we have a history of saying similar things using different words, which brought us to some temporarily heated discussions, occasionally.

Hopefully, not too heated.   #nohomo

Thanks to AlcoHODL and all the other bro's here around that are able to further "translate" my words into their original meaning  

hahahaha

Their "original meaning"..

Didn't find a better term, sry.

And that's all we need in these here parts... another disappeared WO regular.

So true and whenever i think about some of those disappeared regulars, it feels very strange. Especially in these very covid times...

Of course, we are all mortal (unless we happen to be a "lucky" Turing-complete bot, and what are the odds of that?) - so peeps are going to disappear for sometimes unknown reasons.. and what is this thread?  around 8.5 years long in the tooth?

The last words i heard of one of my best friends were "see you tomorrow". I guess this is coloring my emotions on these kind of topics.

[proudhon]

Very ugly and predictive long term channel has formed. You saw it here first.

[fr4nkthetank]

my word isnt good enough  

opensea press release on fucking over customers by employees (of course they dont name and shame, nor do they admit to wrongdoing) : https://opensea.io/blog/announcements/employee-information-use-at-opensea/

NEO EOS (get mixed up with shitcoins all the time sorry) ICO wash trades scam study : https://www.integrafec.com/post/eos-ico
you can download the report from a link on that page.

[fr4nkthetank]

Since im ranting today, might as well point out some FED reserve bank presidents are (actively trading buy/sell multiple times) markets for 7 figures (lol, i mean why not just open a hedge fund with a tagline : "We make the good trades because we make the news")
see : https://www.scribd.com/document/525690690/Robert-Kaplan-s-2020-trades-and-holdings#

[Dabs]

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

I understand the principle, but I personally don't have anything on my phone except pictures and emails, perhaps my online bank accounts (which still need a password), but no bitcoin or other crypto. That's not so strange I think.

I mean, if you get mugged and you have maybe $200 in cash on you, they will take your money and they may take the phone (which they will just sell anyway) but they're not going to bother finding out what is on that phone.

[ChartBuddy]

Explanation

[Torque]

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

I understand the principle, but I personally don't have anything on my phone except pictures and emails, perhaps my online bank accounts (which still need a password), but no bitcoin or other crypto. That's not so strange I think.

I mean, if you get mugged and you have maybe $200 in cash on you, they will take your money and they may take the phone (which they will just sell anyway) but they're not going to bother finding out what is on that phone.

Exactly. The best thing is to not even signal that you own any bitcoin:

1. Don't store bitcoin in a wallet on your phone.

2. Don't have bitcoin screen savers on your phone/laptop/desktop.

3. Don't wear bitcoin related t-shirts, socks, ball caps, etc.

4. Don't have bitcoin coffee mugs, posters, framed art, etc. strewn about your house.

5. Don't incessantly talk about bitcoin with strangers.

6. And for gods sake, do NOT run about with a license plate that says BITCOIN, BTCLOVE, CRYPTOZ, etc.

They won't want or try to steal what they don't think you own.

[serveria.com]

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

I understand the principle, but I personally don't have anything on my phone except pictures and emails, perhaps my online bank accounts (which still need a password), but no bitcoin or other crypto. That's not so strange I think.

I mean, if you get mugged and you have maybe $200 in cash on you, they will take your money and they may take the phone (which they will just sell anyway) but they're not going to bother finding out what is on that phone.

Exactly. The best thing is to not even signal that you own any bitcoin:

1. Don't store bitcoin in a wallet on your phone.

2. Don't have bitcoin screen savers on your phone/laptop/desktop.

3. Don't wear bitcoin related t-shirts, socks, ball caps, etc.

4. Don't have bitcoin coffee mugs, posters, framed art, etc. strewn about your house.

5. Don't incessantly talk about bitcoin with strangers.

6. And for gods sake, do NOT run about with a license plate that says BITCOIN, BTCLOVE, CRYPTOZ, etc.

They won't want or try to steal what they don't think you own.

... aaaand if you did one of the foolish things above it's not too late: 1. stop doing it 2. there's always a good old boating accident   

[Richy_T]

I will say one thing though: we will never achieve mass adoption of Bitcoin until storing and using crypto is as easy as having and using a bank account online. The masses will never jump through all these technological hoops in order to adopt bitcoin. They are too afraid of fucking something up and getting hacked.

The key to that is a change in mentality. Which is going to take a loss of trust in the financial system as handled by the various governments.

So probably not long now then.

[ChartBuddy]

Explanation

[Richy_T]

privacy nightmare ensues? is it a path to something undesirable?
https://finance.yahoo.com/news/facebook-exec-on-launching-digital-wallet-we-plan-to-earn-peoples-trust-173921742.html

might eventually kill western union and/or xrp, but with identification required upfront, btc might not be affected.
they say that they would not co-mingle, but everyone knows that they eventually WILL..in a version 3.1 by my estimate.

Absolutely hideous privacy risk. God willing facebook is about to take a tumble soon anyway. I see more and more people cutting loose.

[Richy_T]

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

He should have had a bacon roll for the really hungry thief.

Edit: I could swear I wrote "He".

[d_eddie]

Talking about China, have you noticed that it no longer says "Mainland China" or "Hong Kong" as place of origin on Chinese sellers pages on Ebay. It now says "Greater China" on all of them, sometimes followed by a city, including Hong Kong.

I noticed it is impossible to compete with Chinese sellers as they don't pay shipping.

Less and less true lately IME. Still hard to compete, Chinese labor costs being what they are.

[d_eddie]

Stumbled on an interesting article: https://www.zerohedge.com/crypto/nation-states-vs-network-states-vs-crypto-claves?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

A few sound bytes:

"It was that no amount of trying to force a linear extrapolation of the outgoing systems were going to work because the advent of decentralized cryptography and non-state money had already changed the architecture of power and the incentive structures around wealth preservation."

"established policy makers are operating on the premise of a linear extension from their previous experience. Central Bank Digital Currencies are the purest expression of this assumption. Take central bank issued fiat currency, digitize it, add the ability to overlay ideological policy imperatives onto money (like social credit), and then everything just continues on as before.

But the underlying architecture of the global power structure is phase shifting into something else entirely and the reason why is because decentralized, non-state, cryptographically secured money is already here. The smart money realizes that this is a superior form of money to preserve wealth and autonomy. Everything else is secondary."

A good read. Unusually good for Zerohedge. Good find Wekkel!

+1 WOsMerit