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Question: Did we reach the bottom already?
Yes - 60 (50%)
No, it's coming later this year - 44 (36.7%)
No, it's coming next year or after - 16 (13.3%)
Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25817244 times)
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Wilhelm
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August 12, 2022, 10:42:09 AM
Merited by WatChe (1)

just in case you haven't seen it yet...

If you want to know why Vitalik Buterin, the CEO of Ethereum, is having a psychotic breakdown and calling Michael Saylor a clown, watch this masterclass by Saylor on all the technical, economic, and ethical problems with Ethereum.
https://twitter.com/NeilJacobs/status/1553752187838382085
That clip is coming from another longer video, no?

Does anyone have the longer piece (or the whole presentation?)?

The tweet mentioned that the clip was from a "master class"?
Should be this one:                   https://www.youtube.com/watch?app=desktop&v=B1PI7BCjopk

Thanks for that link.  I did end up watching the whole interview which was about 1 hour and 26 minutes...

...
....
.....

It's a good interview overall.. especially if you have not seen a recent one of him with the lessening of the reservations in regards to decently-well informed shitcoin bashing.

I watched 10 min interview in above link.
I think what Saylor is saying is very much right that ethereum is being modified ever since its launched unlike bitcoin. So what he trying to say is that etherum is just like some centralized token launched by company who have control over the protocol.
To be decentralized etherum must run unmodified for atleast 5 years but we are yet to see this.
Even there is no clear way forward for PoS coming up. What will be Yield for next 5 years? No one can answer that.
So Saylor is right in every of his argument.

Exactly this ethereum is an organization of developers that at advancing the protocol. Basically forking the shit out of it. They are addressing scalability and the Web-3.0 components.

Bitcoin also has an organization of developers that are working on it but less active.

At the end of the day

Bitcoin = #1 store of value
Ethereum = #1 utility token

Combined they and a few stablecoins are all that are needed IMO

it's not Bitcoin vs ethereum. It's Bitcoin AND ethereum...
They should not be seen as competitors
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 12, 2022, 11:04:52 AM


Explanation
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August 12, 2022, 11:23:57 AM

Even if ethereum remain not modified for 5 years, we cannot compare it with bitcoin decentralization.

Bitcoin owner "Satoshi" does not exist, Ethereum owner "Vitalik Buterin" has to die if Ethereum needs to become decentralized like bitcoin  Cool

The world will less set Vitalik Buterin as their major target because they know wgat is at stake, if you must win a war then start with the conquer of the ring leader, here bitcoin is their goal and Satoshi their target which is apparently impossible because of it anonymous, that's why you don't see much concentration on altcoins because they know hunting thier likes will never be a problem.
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August 12, 2022, 12:03:30 PM


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August 12, 2022, 12:05:32 PM

Even if ethereum remain not modified for 5 years, we cannot compare it with bitcoin decentralization.

Bitcoin owner "Satoshi" does not exist, Ethereum owner "Vitalik Buterin" has to die if Ethereum needs to become decentralized like bitcoin  Cool

The world will less set Vitalik Buterin as their major target because they know wgat is at stake, if you must win a war then start with the conquer of the ring leader, here bitcoin is their goal and Satoshi their target which is apparently impossible because of it anonymous, that's why you don't see much concentration on altcoins because they know hunting thier likes will never be a problem.

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August 12, 2022, 01:01:19 PM


Explanation
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August 12, 2022, 01:23:14 PM



BTW, anything worth doing uses energy, but don't tell this to the ESG crowd.



It baffles me just how warped people's perception of energy usage has become.
They associate energy usage with global warming but the truth is, it isn't energy usage in and of itself that causes warming but the burning of fossil fuels that release CO2 into the atmosphere which seems to be the majority of the problem.
I am an avid Solar user and am amazed at just how much energy I can harness just by capturing a small amount of the sunlight from our sun on a patch of roof some 20m2!
Having just fitted a 5Kwh battery I can also power my house overnight almost entirely negating the need for the grid at all.
I would say that of all the things that are scarce in the universe, energy isnt one of them!!!
Just the energy from our own star is enough to power our civilisation for an untold number of years.
So what's the big deal??
Furthermore, Expenditure of energy is essential for the human race to thrive.
How are we supposed to produce, evolve, heck even survive if we don't expend energy??
The sooner peeps wake up to the fact the energy usage is an essential part of human existence the better.
Man the ESG group has a lot to answer for!

/Rant over.


Start the rant up again.

Here is the issue. BTC and crypto mining could be pushed to do this

https://www.nj.com/news/2019/06/six-flags-is-now-one-of-worlds-1st-solar-powered-theme-parks-more-clean-energy-is-on-the-way.html





or this




When the 2017 bill was passed it was a step away from solar and towards coal

BTC in 2012   264 kwatts in 1 day could mine 7 coins

BTC in 2022  1,125,000 Kwatts to mine the same 7 coins.

Coins became costly and greedy shortsighted people acted to alter the taxing system to grab from the industry.

Rather than properly manage the asset and use it to get a lot more parking lots like the photo above.



POW mining can be done either way. Countries  between 45 lat south and 45 lat north in general can add to solar bigly.

vs burning fuel and leaving a mess.
 
That solar parking lot which also shields the cars parked underneath it from rain and sun was due to NJ government subsidy.
My partner forum member buysolar has the maintenance contract for it.


That strip mine photo was due to the government allowing the mess to be left. A subsidy from the local government.
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August 12, 2022, 01:26:37 PM
Last edit: August 12, 2022, 01:39:38 PM by philipma1957



BTW, anything worth doing uses energy, but don't tell this to the ESG crowd.



It baffles me just how warped people's perception of energy usage has become.
They associate energy usage with global warming but the truth is, it isn't energy usage in and of itself that causes warming but the burning of fossil fuels that release CO2 into the atmosphere which seems to be the majority of the problem.
I am an avid Solar user and am amazed at just how much energy I can harness just by capturing a small amount of the sunlight from our sun on a patch of roof some 20m2!
Having just fitted a 5Kwh battery I can also power my house overnight almost entirely negating the need for the grid at all.
I would say that of all the things that are scarce in the universe, energy isnt one of them!!!
Just the energy from our own star is enough to power our civilisation for an untold number of years.
So what's the big deal??
Furthermore, Expenditure of energy is essential for the human race to thrive.
How are we supposed to produce, evolve, heck even survive if we don't expend energy??
The sooner peeps wake up to the fact the energy usage is an essential part of human existence the better.
Man the ESG group has a lot to answer for!

/Rant over.


Start the rant up again.

Here is the issue. BTC and crypto mining could be pushed to do this

https://www.nj.com/news/2019/06/six-flags-is-now-one-of-worlds-1st-solar-powered-theme-parks-more-clean-energy-is-on-the-way.html





or this

https://www.worc.org/what-we-care-about/responsible-energy-development/





When the 2017 bill was passed it was a step away from solar and towards coal

BTC in 2012   264 kwatts in 1 day could mine 7 coins

BTC in 2022  1,125,000 Kwatts to mine the same 7 coins.

Coins became costly and greedy shortsighted people acted to alter the taxing system to grab from the industry.

Rather than properly manage the asset and use it to get a lot more parking lots like the photo above.



POW mining can be done either way. Countries  between 45 lat south and 45 lat north in general can add to solar bigly.

vs burning fuel and leaving a mess.
 
That solar parking lot which also shields the cars parked underneath it from rain and sun was due to NJ government subsidy.
My partner forum member buysolar has the maintenance contract for it.


That strip mine photo was due to the government allowing the mess to be left. A subsidy from the local government.




Please note I am well aware that solar is not capable of fully replacing coil and oil.

But I ask you a simple question if the parking lots of Walmart all had the solar like Six Flags does and it reduced those holes in the ground by 10% what is the harm in that.

If you could chose to make more commercial parking lots with solar and less strip mines why not?

here is more eye candy . this is the hospital in NJ that saved my wife from covid-19 and recently did my hernia operation

look at the solar installed the last few years.



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August 12, 2022, 01:39:50 PM
Merited by El duderino_ (3), JayJuanGee (1)



https://news.bitcoin.com/popularity-of-crypto-investments-makes-case-for-regulations-australian-securities-watchdog-says/
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August 12, 2022, 02:04:52 PM


Explanation
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August 12, 2022, 02:05:17 PM

World's largest asset manager BlackRock: Bitcoin "is the primary subject of interest from our clients" within crypto.


Source: Bitcoin Magazine.
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August 12, 2022, 02:13:30 PM

I cannot get the phrase "Whimsical Pants" out of my mind.
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August 12, 2022, 02:51:04 PM
Merited by vapourminer (1), Hueristic (1), JayJuanGee (1), DdmrDdmr (1), Toxic2040 (1), NotATether (1)

Dutch Police have arrested a Tornado Cash developer:

Netherlands Arrests Suspected Tornado Cash Developer


A gentle reminder of the importance of privacy and privacy-related best practices:


A Treatise on Bitcoin and Privacy
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August 12, 2022, 03:04:57 PM


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August 12, 2022, 03:38:19 PM
Merited by El duderino_ (5), JayJuanGee (2), BitcoinBunny (2)

Aww poor wittle Mr FBI, does he wanna bedtime story instead?
He basically wants to run the FBI as a political mobster group without any scrutiny or pushback?

FBI director Chris Wray calls death threats against agents 'deplorable and dangerous' in the wake of the agency's raid on ex-President Donald Trump's Mar-a-Lago home
https://www.dailymail.co.uk/news/article-11102157/FBI-director-says-death-threats-against-agents-deplorable-dangerous-raid-Trumps-home.html
.....

Dude..wtf? 
The "FBI is run as a political mobster group" because they executed a search warrant signed off by a federal judge?
So death threats are "scrutiny and pushback"??   Ok got it.


Why the need for the raid regardless?! ....
.....
In case you didn't research the story through sources other than Fox News and Sean Hannity, or the like,
there was probable cause he fucking broke the law by taking (and not returning all, upon request) classified government documents.
Like jay said..that's a pretty big "holy fucking shit' deal.

I wonder what tune you'd be singing if your arch nemesis Biden did that?
I'll go out on a limb here and guess it wouldn't be along the lines of

"Aww poor wittle Mr FBI, does he wanna bedtime story instead?"......

.....

I guess we can't ALL be an upstanding citizen like Hunter Biden....

classic whataboutism, as usual.

....
We will see how this unfolds. I have popcorn ready.

...

Yeah, you and me both, bro...
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August 12, 2022, 03:40:42 PM
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Dutch Police have arrested a Tornado Cash developer:

Netherlands Arrests Suspected Tornado Cash Developer


A gentle reminder of the importance of privacy and privacy-related best practices:


A Treatise on Bitcoin and Privacy


So much for the people in The Netherlands are free.
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August 12, 2022, 03:53:15 PM
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Dutch Police have arrested a Tornado Cash developer:

Netherlands Arrests Suspected Tornado Cash Developer


A gentle reminder of the importance of privacy and privacy-related best practices:


A Treatise on Bitcoin and Privacy


Lol, was just posting this. Wink
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August 12, 2022, 04:04:52 PM


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We all make mistakes  Grin
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