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

[Biodom]

watched first 6 episodes of Andor...pretty, pretty good (1st is the weakest, don't let it discourage you)..the vibes of ww2 french resistance movies, "The Guns of Navarone", etc....in space.

bitcoin derped here a bit..no matter.

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[ChartBuddy]

Explanation

[shahzadafzal]

I don't understand... do we really need AI and ChatGPT to understand this basic concepts like inflation?



https://www.reddit.com/r/Bitcoin/comments/10p3ejn/dollar_dollar_bills_yall/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BitcoinBunny]

I don't understand... do we really need AI and ChatGPT to understand this basic concepts like inflation?



https://www.reddit.com/r/Bitcoin/comments/10p3ejn/dollar_dollar_bills_yall/

ChatGPT 2.0

[Rockstarguy]

me every time I come across a girl who has bitcoin 😉

https://twitter.com/UnMatchedTier/status/1620268553822945280?t=QOi-56bWsTE_X5Gbz5R2Sg&s=19

[Tipeform$]

I don't understand... do we really need AI and ChatGPT to understand this basic concepts like inflation?



https://www.reddit.com/r/Bitcoin/comments/10p3ejn/dollar_dollar_bills_yall/

ChatGPT 2.0

Billy means I recommend investing.  Because if his promotion money is invested in Bitcoin then surely Billy will do well later in life.

I think Billy currently owns 44 Bitcoins  

[BitcoinBunny]

I bet many women wouldn't care and this guy will probably only get more action as a result of what is written on his car.

[ChartBuddy]

Explanation

[nutildah]

What about NFTs stored inside the Bitcoin blockchain? Ordinals is causing a huge stir but relative silence on the forum about it.

NFTs Coming to Bitcoin Sparks Handwringing About Crypto Purists

Nothing triggering about that headline at all  

I don't blame anyone here if they're against it. I'm kind of on the fence about it personally. But it seems to be happening whether anybody likes it or not.

• 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.

[ChartBuddy]

Explanation

[El duderino_]

All of my friends and me
Wild about

The last of us “serie”

But maaaaaaaaaaaaan that 3th episode fucked up a lot

[hisslyness]

What about NFTs stored inside the Bitcoin blockchain? Ordinals is causing a huge stir but relative silence on the forum about it.

NFTs Coming to Bitcoin Sparks Handwringing About Crypto Purists

Nothing triggering about that headline at all  

I don't blame anyone here if they're against it. I'm kind of on the fence about it personally. But it seems to be happening whether anybody likes it or not.

• 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.

I really don’t see the problem with this. I personally wouldn’t do it, as it is a waste of Bitcoins.

But, if someone wants to create a transaction that will take up an entire block and it is willing to pay for the privilege, then go for it!

If they want to waste/spend 16sat/vbyte or approx. 0.32BTC per block, with stupid NFT monkeys, then good luck to them! Not sure how long they would be able to keep it up!

Bitcoin blockchain has a predictable growth, using it to store data in Taproot script-path isn’t going to change that growth!

If this forces transactions off to a second layer (LN), even better!

In regards to "appropriate use of block space" who am I to decide what you put in your transactions? as long as you are not double spending, i couldn't give a shit!

[ChartBuddy]

Explanation

[Lucius]

All of my friends and me
Wild about

The last of us “serie”

But maaaaaaaaaaaaan that 3th episode fucked up a lot

I completely agree here, the third episode went too far in a direction that most people don't want to watch in such a type of series. Although the whole concept of the series is nothing new, it is actually about zombies infected with a fungus (or something like that) and one child who represents salvation for the whole world. For me, it's just a déjà vu, and a very average one at that, which has all the prerequisites to turn into a very bad one.

[Unknown Op]

TWITTER

[Davian144]

In January 2023 the increase in the price of Bitcoin can be said to be extraordinary even though there is still a correction in the market as seen today. But there is a strange but real thing that happened to the 14 largest crypto companies where they in January started to cut the number of their workers which is at least 2,900 workers or almost 3,000 for staff. These companies are Coinbase, Gemini, Digital Currency Group, ConsenSys, and Blockchain.com.

I don't know why these companies are laying off some of their staff this month, even though in general the movement of Bitcoin is working very well this month and also has the possibility to remain good in the next month if nothing bad happens that can affect the market and Bitcoin as a whole general.



Reference Source: https://cointelegraph.com/news/crypto-firms-cut-nearly-3-000-jobs-in-january-despite-bitcoin-s-rise

[AverageGlabella]

In January 2023 the increase in the price of Bitcoin can be said to be extraordinary even though there is still a correction in the market as seen today. But there is a strange but real thing that happened to the 14 largest crypto companies where they in January started to cut the number of their workers which is at least 2,900 workers or almost 3,000 for staff. These companies are Coinbase, Gemini, Digital Currency Group, ConsenSys, and Blockchain.com.

I don't know why these companies are laying off some of their staff this month, even though in general the movement of Bitcoin is working very well this month and also has the possibility to remain good in the next month if nothing bad happens that can affect the market and Bitcoin as a whole general.

Because their profits have been hit like many other countries. The recession has hit companies like amazon very hard who have infinite resources and are still firing people because of a lack of money. I think it is obvious that crypto companies will fire people because they are running low on resources after one of the most difficult times for bitcoin. I do not think this is shocking or unexpected. I think this is what will happen for the next year until we start seeing the world recover from the recession