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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26913606 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 1 users with 9 merit deleted.)
ChartBuddy
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January 31, 2023, 05:01:21 PM


Explanation
shahzadafzal
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January 31, 2023, 05:37:29 PM
Merited by El duderino_ (7), JayJuanGee (1)

I think I’m 5.

Let me guess JJG’s position? Is it 8 lol or 6.

El Dude 7

H-TEC99 and ivomm definitely 3

Many on stage 2 … I guess… BitcoinBunny, LFC_Bitcoin, cygan

BobLawblaw  8

AlcoHoDL 6 confirm

I’m sure no one from WO is on stage 4

I didn’t understand 9?


https://twitter.com/maxisclub/status/1620390505384407040
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January 31, 2023, 05:49:29 PM
Merited by Torque (2), vapourminer (1)

Isn't it a tiny amount of data storage anyway? And if the Bitcoin devs really see a potential problem/exploits with it down the road, I'm assuming that in a future release it can be either be reduced or eliminated?

With Omni (what Tether uses/used) and Counterparty (what Rare Pepes use) the data storage is relatively tiny as just a few bytes of non-standard data are being added to a regular tx. The difference with Ordinals is up to an entire block can be consumed by one data file, so the theoretical limit is close to 4 MB. However, whoever is sending the tx would have to pay an enormous fee for it to get picked up by miners.

Because Ordinals txs use Segwit and Taproot, a lot of this extra data can be pruned by nodes so it doesn't necessarily get added to the blockchain permanently. However, there could be some changes made to Core in a future release if this thing really takes off and it becomes a "problem" in terms of blockchain bloat.

Will be interesting to see how it plays out.
JayJuanGee
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January 31, 2023, 05:52:30 PM
Merited by Torque (1), AlcoHoDL (1)

  • An NFT implementation which embeds NFT content in Taproot witnesses, assigning them to the first sat of the first output of the transaction, "inscribing" that sat with content
Super interesting to watch the discussion over this bullet point in particular unfolding on Twitter as it now appears to be possible to upload several KB (theoretically up to ~4 MB) worth of data to the blockchain for the purposes of on-chain NFT storage.
https://ordinals.com/inscription/69d500051f9a0812ed41798eeb06d4af93349529480c23e9cf1ef0ccb2a921a8i0
On one side you have lukedashjr calling it an attack on Bitcoin and Adam Back calling for transaction censorship by miners; on the other side you have Peter Todd calling the "freakout" about ordinals "stupid" and reminding everyone that adding non-standard transaction data to transactions has always been possible.

It has reinvigorated the age-old debate of "appropriate use of block space," what "blockchain spam" entails, and whether Bitcoin should be used to store data not related to the actual transaction of BTC (for financial purposes).

Here is a brief overview of how it works as far as NFTs are concerned:
https://read.pourteaux.xyz/p/illegitimate-bitcoin-transactions
...
Almost zero mentions of this debate here, so let's mention it.

On the surface, I am not against various ways that people might choose to build upon BTC because if some of the latest changes in the bitcoin code (such as taproot) have allowed programing BTC smart contracts in such a direction, then so be it.. do whatever the fuck you like.

Now, if there is some kind of security threat to bitcoin that comes from ways that the BTC code had been changed and seems to be being exploited, and the BTC code needs to be changed to disallow such practices, then there could a push to try to change the code and to get sufficient consensus to reverse what had previously been allowed in the code.. which does not seem too likely, unless there is something that can be shown to be a security issue... or something that jeopardizes the survivability and durability of the whole project.

I guess Hissleyness largely said a similar thing.. do what you like, as long as you can afford to keep doing it, which does raise a bit of a question regarding when entities sometimes will take advantage of public networks by attempting to privatize the gains and cause the public to have to bear the costs, but I am still not sure if Bitcoin gives any shits about this.... .. and if there might be attempts to price regular folks (normies) out of the market, but at some point, won't the attacker (or the one trying to socialize costs and privatize benefits) end up running out of money?.. that might be the angle upon which to consider if the "attack" is sustainable in such a way that the code needs to be changed because the code is being undermined in order to potentially cause the death of bitcoin... I doubt that I know enough to consider that the current "attack" is one that could reach such levels to threaten the "death of bitcoin."

oh did feds release a number? 25 points or what.

The announcement about the rate change (if any) is not supposed to take place until tomorrow (Feb 1) at 2:30pm Eastern time (so we are still about 25.5 hours away from that scheduled announcement, as I type this post).

https://www.forbes.com/sites/simonmoore/2023/01/30/what-to-look-for-in-the-feds-february-interest-rate-announcement/#:~:text=The%20U.S.%20Federal%20Reserve%20(Fed,1%20at%202.30pm%20ET.
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January 31, 2023, 06:01:22 PM


Explanation
HI-TEC99
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January 31, 2023, 06:03:26 PM

I think I’m 5.

Let me guess JJG’s position? Is it 8 lol or 6.

El Dude 7

H-TEC99 and ivomm definitely 3

Many on stage 2 … I guess… BitcoinBunny, LFC_Bitcoin, cygan

BobLawblaw  8

AlcoHoDL 6 confirm

I’m sure no one from WO is on stage 4

I didn’t understand 9?


https://twitter.com/maxisclub/status/1620390505384407040

Sorry, you got that wrong. I'm not a day trader.

JayJuanGee
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January 31, 2023, 06:24:59 PM
Merited by shahzadafzal (1)

I think I’m 5.

Let me guess JJG’s position? Is it 8 lol or 6.

I am not going to confirm nor deny, unless you can tell me what more than 0.63 BTC means under these scenarios?  You would need to know other things about me right?  Have I given enough details?  It's not necessarily easy to have a lot of confidence in the location of others, but surely there could be some things that they say that give you some better ideas regarding where they might be at in real life, but then there are also some that "appear to be" or cause you to speculate that they might be in a certain status, but really, it is not clear about if they actually are in the status that they are either presenting themselves to be or maybe they are just spending their principle rather than "living off of the gainz bro."

Another interesting aspect may well be how well various other cashflow sources are preserved, and surely there could be ways that some guys might be generating cashflows in part because they are young and full of a quite a bit of energy and therefore, they like keeping themselves "busy," so some forms of cashflow are "a lot of work," and other forms of cashflow do not cause a lot of work.  Sometimes also, any of us, could get into a situation in which we are considering having some "work done," and then we consider whether it is better to just do it ourselves or whether to hire someone else to do a "half-assed" job... so part of the point is that life circumstances sometimes could cause someone to appear to be in one status or another, and it might not be clear the extent to which they are forced into working or if they might want to do some kinds of work for various reasons.. so then is that "reaching fuck you status" or not?

El Dude 7

H-TEC99 and ivomm definitely 3

Many on stage 2 … I guess… BitcoinBunny, LFC_Bitcoin, cygan

BobLawblaw  8

AlcoHoDL 6 confirm

I am pretty sure that some of your number assignments for these folks is not correct (just like HI-TEC99 confirmed), but hey, I am not going to so directly make my assessments.. even if I have some ideas in my head and from time to time, I might purposefully pigeon-hole what are my opinions regarding where a certain member might or might not be from my perspective of their consideration of life-style trade-offs.. or the extent to which they might be seeming to lose their shit in regards to bitcoin accumulation, maintenance or other considerations, such as liquidation projections.  Some guys provide more details than others, and does it really matter to pinpoint them?.. sometimes they do deserve a bit of "pinpointing" just to attempt to rebutt some arguments that they might be making in regards to how my lil precious "should be" treated.

Good luck when you sold BTC and then you expected to buy back lower than current prices.... hahahahahaha  No need to name anyone.. you know who you are.. and you know your own circumstances.. .and I am not even suggesting that you did anything wrong.. even if it appears that I am gloating that it is possible that there are some folks who are still "expecting" to buy back at BTC prices that are lower than our current price.. it's an ongoing phenomena in which some guys/and gal "expect to" buy back lower.

I’m sure no one from WO is on stage 4

Oh?  My opinion is different.  Even though we have guys and gal in the WO who are likely overall more informed about bitcoin than the regular person on the street and also more informed about bitcoin than the average forum user, for sure, we also have WO members who fit within every single category of person that is in the population, including those who are misinformed and including those who are continuously bordering upon having weak hands.  

Anyone of us could mindrust, but we might not admit it.. .I still am not sure why mindrust is so mad at us, and he did say that he would not be coming back to the WO thread... but still.. we are not as mean as he seems to be making us out to be (through his ongoing and seemingly intentional refusal to post in these here parts... pride can be a powerful thing... and I am not even proclaiming to be above such weaknesses).

I didn’t understand 9?

That's Jimbo.  Can't you see him inside the avatar?  duh.    get off my lawn

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January 31, 2023, 06:41:19 PM
Merited by vapourminer (1), JayJuanGee (1)

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January 31, 2023, 06:57:34 PM
Merited by cygan (2), vapourminer (1), JayJuanGee (1)



This reminded me of below meme I saw long back…

“We will never know who invented fire”

“We will never know who invented Bitcoin”

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January 31, 2023, 07:01:19 PM


Explanation
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January 31, 2023, 07:14:14 PM

WTF is this?

Never seen a scam via Google Docs before.  Huh



Have seen gmail's spam/scam bot slipping in quality recently.
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Bisq Market Day - March 20th 2023


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January 31, 2023, 07:33:16 PM
Merited by JayJuanGee (1)

BREAKING: Lebanon will devalue its local fiat currency by 90% overnight.

🇱🇧 needs #Bitcoin 

https://twitter.com/BitcoinMagazine/status/1620481175100993536?t=C9zJzvezxpl1BAO_5h6oSA&s=19
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January 31, 2023, 07:57:02 PM
Last edit: January 31, 2023, 08:07:55 PM by goldkingcoiner
Merited by philipma1957 (1)



This reminded me of below meme I saw long back…

“We will never know who invented fire”

“We will never know who invented Bitcoin”


Nobody invented fire. Fire was discovered. It is not an invention but rather a natural phenomenon just like gravity and therefore there is nothing special about itWhich is why Newton died a virgin.

Bitcoin, on the other hand, is a brilliant invention.

Bitcoin > Fire.
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January 31, 2023, 08:01:18 PM


Explanation
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January 31, 2023, 08:13:34 PM


This reminded me of below meme I saw long back…

“We will never know who invented fire”

“We will never know who invented Bitcoin”
Nobody invented fire. Fire was discovered. It is not an invention but rather a natural phenomenon just like gravity and therefore there is nothing special about itWhich is why Newton died a virgin.

Bitcoin, on the other hand, is a brilliant invention.

Bitcoin > Fire.

I see.  So goldkingcoiner does not subscribe to the assertion that bitcoin was discovered.   Angry Angry Angry Angry
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January 31, 2023, 09:01:21 PM


Explanation
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January 31, 2023, 09:03:18 PM
Merited by JayJuanGee (1)

Well then, was math discovered or invented?
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January 31, 2023, 09:22:05 PM
Merited by JayJuanGee (3), vapourminer (2), sirazimuth (1)

Well then, was math discovered or invented?

If you were to completely destroy all books, websites, etc. on mathematics and wipe all memories and knowledge on math from everybody's memories, eventually people would rediscover math. Sure, the symbols, numbers and letters might look different (the number 5 might look like this ->◢) but the axioms (rules of math) would still be the same. 2 apples added to 2 apples will always result in 4 apples.

Bitcoin, on the other hand, is built on the foundations of different technologies. We would first have to invent a computer which works exactly like today's computers work (0s and 1s), then we would have to invent the internet exactly the way it is, and we would have to invent the concept of money exactly the way it is and so on.

If we were to reset all of civilization, who says Bitcoin would be technologically possible or even required (For example in a money-less civilization?)


I see.  So goldkingcoiner does not subscribe to the assertion that bitcoin was discovered.   Angry Angry Angry Angry

Depends on the perspective. We discovered Bitcoin. Satoshi invented Bitcoin.
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January 31, 2023, 09:34:04 PM
Merited by pawel7777 (1)

All of my friends and me
Wild about

The last of us “serie”

But maaaaaaaaaaaaan that 3th episode fucked up a lot


Fast forwarded through almost the entire episode, not sure that had to do with the story line, if they keep that up wont be watching it anymore.

They just cant help but shove agenda into every fucking thing they touch these days.

If it continues I may just go back to the old days and lose the tv altogether.
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January 31, 2023, 09:38:05 PM

All of my friends and me
Wild about
The last of us “serie”
But maaaaaaaaaaaaan that 3th episode fucked up a lot
Fast forwarded through almost the entire episode, not sure that had to do with the story line, if they keep that up wont be watching it anymore.

They just cant help but shove agenda into every fucking thing they touch these days.

If it continues I may just go back to the old days and lose the tv altogether.

Are you going to move to the mountains and write a "manifesto" too?


Asking for a friend.
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