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

[JayJuanGee]

Fuck.. I lost my post after I had already drafted it all, and I had to type whatever I might have had said a second time^**... Even bots can get mad.

I've had some time to sleep and think on this, now, and the more I think about it, I'm just left terrified about the implications this ordinal stuff has for Bitcoin.

I see it as a very real existential threat.

I sincerely hope I am dead wrong.

I'm not an expert when it comes to this new Ordinal thing and how it is implemented, but the possibility of "polluting" the Blockchain with bad data got me seriously worried. The issue here is not so much that it is possible for someone to insert child pornography and/or top-secret defense documents in the Blockchain (which in itself is unsettling), but the fact that the Blockchain is immutable and thus cannot be altered, and this is by design. So, this offensive/sensitive data will have to be there forever, and this could provide a strong reason for TPTB to attack/ban Bitcoin "for the common good".

I assume that, if this ever becomes a problem, it should be possible to handle via a fork, with the new code base removing this feature and also somehow removing all offensive/sensitive content. Said fork will have near-full consensus, so it will become the new, sanitized Bitcoin. The Bitcoin ecosystem should be able to handle this. Another battle, another win for Bitcoin.

Still, all this mess upsets and worries me. Hopefully, Bitcoin will come out of this stronger than ever, as it has done so many times.

I cannot claim to be an expert either, but at this time, I tentatively believe that "unsanitized" is going to win over "sanitized" even if 80% or more of dee normies with hurtz feewings believe that they know "unsanitized" when they see it and "believe" that they can fix it.  In other wurds, seems to me that assessments of "unsanitized" is a slippery-slope that is not going to gain consensus, even if "currently" 80% or even more of dee peeps/normies with hurt widdo feewings believe that they know what they want.  

King daddy gives no fucks about your perceptions of "sanitized," ur hurt widdo feewings and the code cannot be changed to accomplish anything other than "open systems" whether your widdo feewings and sensitivities are touched in ouchie poo places or not.. That's my tentative speculation on the matter..  

Bitcoin is for enemies.. "deal with it."  hahahahaha.. does that sound right?  It's both good and bad at the same time, even if uie-pooie don't like some of dee ting-a-lingies contained therein.

[edited out]

I've read nothing about this so I'm probably just going to sound stupid but has this been done on other chains? ETH for example?

What I'm getting at is why hasn't it happened yet and being that the chain is an openbook and there are chainanalysis companies that claim they can find anyone. Wouldn't uploading something so illegal mean the uploader will be found and arrested pretty quick? This in itself would be a deterrence to even attempt it.

What about miners, would they ignore these transactions?

What they say that they can do and what they can actually do to show that they have matters "under control" are likely two separate things.  You can believe that TPTB have matters "under control" all that you like.. That's your choice... It's a free country, the last time I checked...

**  I feel that I might have said whatever I was going to say better in my first response to these.. but whatever.. I have some thingies that I have to do.. so I have to stop thinking (or is it writing:?) about this topic for the moment.

[1679797665]

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[ChartBuddy]

Explanation

[Hueristic]

Thanks for the entertainment. So another space junk been added to the thousands and thousand already floating about.
So air deference has degraded to the point that a cheap balloon traveling a wind speed can travel all the way to Montana.


https://youtu.be/Q2xpQFEcumE

Thanks for the reminder, had forgotten about this.

NEW: Mining firm Marathon Digital Holdings, second largest publicly-listed holder of #Bitcoin     has sold 1,500 BTC, worth $35.3 million for the first time in two years

https://twitter.com/BitcoinNewsCom/status/1621508577570725888?t=w6Peb_vfI4EnFwfJ2LPfIw&s=19

Dropped their stock 10%.
−0.85 (10.62%)

No one likes Weak hands.

https://www.google.com/search?q=NASDAQ:+MARA&stick=H4sIAAAAAAAAAONgecRoxi3w8sc9YSndSWtOXmNU5-IKzsgvd80rySypFJLkYoOy-KV4ubj10_UNU8pMCpPTsnkWsfL4OQa7OAZaKfg6BjkCADlyS-1KAAAA&sa=X&ved=2ahUKEwjLl_7Ch_r8AhVlGFkFHfLjCVsQsRV6BAheEAI&biw=1280&bih=610&dpr=3

[LFC_Bitcoin]

200k in late 2025…..incoming



@StockmoneyL
#Bitcoin  

has never... _______ ...

and yet, we always saw massive bull runs.

https://twitter.com/stockmoneyl/status/1621324284101541890

[ChartBuddy]

Explanation

[Hueristic]

Is Bitcoin really trading at $38k in Nigeria?

Cointelegraph reported, the price of Bitcoin in Nigeria has skyrocketed far above the level of the global market.

Literally in the article.

As per the official CBN exchange rate, $1 equals N460 as of Jan. 30. However, the exchange rate of USD in the parallel market, or the real price that Nigerian citizens can exchange Naira for U.S. dollars is close to N750. This disparity between the official naira-to-USD rate and the real market rate of USD for Nigerian traders causes it to appear Bitcoin has a 60% "premium" over the current market price — which is around $23,700 at the time of writing.

[Hueristic]

Fuck.. I lost my post after I had already drafted it all, and I had to type whatever I might have had said a second time^**... Even bots can get mad.

I used to use Session manager but apparently its been broken by "browser updates", not sure what to use these days as I just switched to low effort posts that I could give a shit less if they get lost.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Just saw this tweet & it reminded me of WO regular troll r0ach. I wonder what the hell happened to him?

@Deltaone
SPOT SILVER DROPS OVER 5%
https://twitter.com/deitaone/status/1621546318966431744

[BitcoinBunny]

200k in late 2025…..incoming



@StockmoneyL
#Bitcoin  

has never... _______ ...

and yet, we always saw massive bull runs.

https://twitter.com/stockmoneyl/status/1621324284101541890

[BitcoinBunny]

Just saw this tweet & it reminded me of WO regular troll r0ach. I wonder what the hell happened to him?

@Deltaone
SPOT SILVER DROPS OVER 5%
https://twitter.com/deitaone/status/1621546318966431744

[psycodad]

Fuck.. I lost my post after I had already drafted it all, and I had to type whatever I might have had said a second time^**... Even bots can get mad.

I used to use Session manager but apparently its been broken by "browser updates", not sure what to use these days as I just switched to low effort posts that I could give a shit less if they get lost.

I use a firefox plugin named textarea-cache:

https://addons.mozilla.org/en-US/firefox/addon/textarea-cache/

Don't know if that helps, but it has been very useful to me over the years.

[El duderino_]

Bitcoin has started to take the roof off. 



https://twitter.com/MartiniGuyYT/status/1621215432710537218

You must be new in here, posting stuff from the MartiniGuy  and assuming this action is like taking of the roof.....



Merit ain't that easy at WO for new posters in the threat

[ChartBuddy]

Explanation

[Tipeform$]

200k in late 2025…..incoming



@StockmoneyL
#Bitcoin  

has never... _______ ...

and yet, we always saw massive bull runs.

https://twitter.com/stockmoneyl/status/1621324284101541890

Bitcoin: Will it go Further up in February?
News on FED and inflation..

Video link: https://youtu.be/Fn-dGYG89LY

[BobLawblaw]

I don't know what the fuck is coming up, but it doesn't seem good.

https://www.cnbc.com/2023/02/03/us-credit-card-debt-jumps-18point5percent-and-hits-a-record-930point6-billion-.html

FTA:

- Total credit card debt reached a record $930.6 billion in the fourth quarter of 2022, according to the latest credit report from TransUnion.
- As balance rise, so have delinquencies, which is “something to watch,” says TransUnion’s Michele Raneri.

[ChartBuddy]

Explanation

[BitcoinBunny]

That latest U.S. jobs report is pure BS. With all the mass layoff announcements? In the first two weeks of Jan?

No. Fucking. Way.

I'm sure the numbers were fudged, probably pulled forward holiday and contract hires, just to dump on the longs.

They'll revise down months later.

The Fed really wants to keep this inflation narrative and rate hikes going, drag it out for as long as possible.  

Probably a better measure but not reported in the media:


That is pretty bad and about the same as the UK where many over 50 year olds have given up working as it just doesn't make sense with the high taxes, especially on large pension pots.

And you know which other country has a 62-ish % labor participation rate?
Russia!

Most of Europe in fact scores worse. Only The Netherlands and the Scandinavian countries do a bit better.

These countries surprisingly all score (much) better:
The Republic of Congo 66%
China 68%
Ghana 68%
Kazakhstan 69%! (Borat will be happy, also with that number)
Central African Republic 71%
Niger 73%
Zambia 73%
Cameroon 75%
Bolivia 76%
Rwanda 82%
Madagascar 85%
Qatar 87%

Laughably low labor participation figures in the west. I think we are done for with this self destructive path, including big problems with demographics and scamming cunt politicians and central banks.

Maybe Bitcoin can save us to a certain extent but except for that I suspect the continent that has a bright future ahead in the next 100 years is mostly going to be Africa.

[ChartBuddy]

Explanation