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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[sirazimuth]

....

No, it wasn't me who lost coins. I think a recent situation like this happened to either OutOfMemory or sirazimuth, IIRC. It can happen to anyone, and, let's face it, Bitcoin has radically changed the way we handle and protect our cash (of the digital variety, a.k.a. BTC). Even those of us who are very computer-literate can end up in situations like this, and you're right in that I've made several posts in the past emphasizing that fact.

.......

To  be clear, yes, I lost about half a bitcoin, about $200 in value at the time, (or something like that, I cant remember, 9 years ago) but it had nothing to do with being hacked.
I have never lost a single satoshi from a hack.
<redacted>
 Nuff said.

[OutOfMemory]

....

No, it wasn't me who lost coins. I think a recent situation like this happened to either OutOfMemory or sirazimuth, IIRC. It can happen to anyone, and, let's face it, Bitcoin has radically changed the way we handle and protect our cash (of the digital variety, a.k.a. BTC). Even those of us who are very computer-literate can end up in situations like this, and you're right in that I've made several posts in the past emphasizing that fact.

.......

To  be clear, yes, I lost about half a bitcoin, about $200 in value at the time, (or something like that, I cant remember, 9 years ago) but it had nothing to do with being hacked.
I have never lost a single satoshi from a hack.
<redacted>
 Nuff said.

Yeah, i lost a ledger, but easily restored the keys using a new one.
And my first transaction was hijacked by malware. 0,1 BTC, early 2017.

[sirazimuth]

....

No, it wasn't me who lost coins. I think a recent situation like this happened to either OutOfMemory or sirazimuth, IIRC. It can happen to anyone, and, let's face it, Bitcoin has radically changed the way we handle and protect our cash (of the digital variety, a.k.a. BTC). Even those of us who are very computer-literate can end up in situations like this, and you're right in that I've made several posts in the past emphasizing that fact.

.......

To  be clear, yes, I lost about half a bitcoin, about $200 in value at the time, (or something like that, I cant remember, 9 years ago) but it had nothing to do with being hacked.
I have never lost a single satoshi from a hack.
<redacted>
 Nuff said.

Yeah, i lost a ledger, but easily restored the keys using a new one.
And my first transaction was hijacked by malware. 0,1 BTC, early 2017.

Oh,  a Ledger eh?.. That's another naughty word on this here famous thread, but hey, at least it doesn't start with the letter "c", so there is that.

Sunday OT:

One day (during the latest partial solar eclipse) I suddenly realized that the fact that Moon exactly blots out the sun is somewhat weird and is highly unlikely.
We just happen to live at the time when angular diameter of both the moon and the Sun are virtually identical.
https://blogs.scientificamerican.com/life-unbounded/the-solar-eclipse-coincidence/
Although it is exactly what is happening, the event itself has microscopic probability from all possible arrangements between the size of the planet satellites, the star, distances, etc, etc.
That made me think about other "unique" features of the realm about "right now":

1. First off, all universe parameters had to be just right to make stable atoms, galaxies, etc-that's a given. Our Universe is just one out of roughly 10^500 chances. Good enough!
2. The 'strange' triple alpha process that forms carbon in the stars (Hoyle state).  
3. Sun had to be formed after heavy elements already accumulated...almost 8 bil years after the Big bang...basically, we are 'late".
4. Humans appear on earth 4.7 bil years after the planet was born and the planet has a maximum of another 1 bil years to go before the biosphere is bound to be destroyed by the expanding Sun that would be transitioning to a red giant. So, we appeared within the last 20% of the planet's life.."late" again.
5. The Moon is larger that the satellite of the earth size planet should be theoretically with astronomers proposing (and basically proving) that the Moon was formed by the collision of the "initial" earth with a body the size of mars, roughly.
6. That collision probably evaporated the original water on the planet and resulted in Earth being drier that it would have been otherwise, with most water being brought by comets and asteroids.
7. It is entirely possible that the core rotation and magnetic field plus tectonic plates movement was also caused by that collision, which ought to be a very rare event.
8. We are here during the time when we can still see galaxies. Some time later...in fact, much later, other galaxies will be invisible to us.
9. We live at the age when computing became widespread. Being born a hundred years early and we would have missed it.
10. Being born as "you"-that's a biggie. Each human mating pair is capable of generating at least several dozen trillions genetic combinations, but here you are. Chances of winning a lottery are at least 100 thou times larger than that. Add to that your unique personal history that added to you being you.
11. We live during the age of bitcoin "discovery", so we could participate early, which is almost like having a golden ticket and/or winning a lottery (again).

TL;DR Sometimes I wonder about all this 'selection' mechanisms that resulted in "now", but then, it all depends on the number of "rolls".

Don't be silly!
The Earth is 10,000 years old.
We are decedents of Adam and Eve and Noah saved all the animals from a flood on his big arc.
It says so in the bible so it must be true.

And on a more serious note, and almost as unbelievable...
People actually believe that shit...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

....No, it wasn't me who lost coins. I think a recent situation like this happened to either OutOfMemory or sirazimuth, IIRC. It can happen to anyone, and, let's face it, Bitcoin has radically changed the way we handle and protect our cash (of the digital variety, a.k.a. BTC). Even those of us who are very computer-literate can end up in situations like this, and you're right in that I've made several posts in the past emphasizing that fact........

To  be clear, yes, I lost about half a bitcoin, about $200 in value at the time, (or something like that, I cant remember, 9 years ago) but it had nothing to do with being hacked.
I have never lost a single satoshi from a hack.
<redacted>
 Nuff said.

It seems to me that the longer that we are in bitcoin and probably the more kinds of activities that we are engaged in with our coins, the more opportunities that we have to lose coins.. and I am not even necessarily referring to getting involved in shitcoins, which could be another way to lose coins.  One of the good things about having had accumulated more than enough coins, the losses sometimes will just feel like a part of doing business.. but at the same time, there can be some painful thoughts in regards to how to potentially prevent the same kinds of losses - and is it worth it to go down certain paths, maybe even becoming a bit of a bitcoin recluse - and not interacting with our coins in the world, to potentially be more safe. 

I don't deny the existence of security through obscurity as one of the potentially valuable parts... and surely I still think that there are a lot of difficult things with bitcoin, and trying to figure out ways to help some of the newer folks in onboarding and practicing somewhat safe practices.. at least safe enough that they kind of have some ideas regarding how one way of holding coins might be preferable and figuring out why some kinds of practices are adding risks that might be lessened with some safer practices and better organization.

There are so many folks who don't even have a back up of their phone, and I am sometimes having trouble blaming them, but it seems that some kinds of back ups should be in practice for all of our data, even though surely the kind of data that has monetary value attached to it. and in the current subject we are talking about bitcoin serving as a kind of monetary value that is attached to data, and so the value being attached to the data contributes towards justifications to get more serious about our data, especially our bitcoin data... seems so abstract, and it kind of is, but when feeling the HLB that it can help to materialize, some of the abstractness might start to feel more concreteness.

Yeah, i lost a ledger, but easily restored the keys using a new one.
And my first transaction was hijacked by malware. 0,1 BTC, early 2017.

Oh,  a Ledger eh?.. That's another naughty word on this here famous thread, but hey, at least it doesn't start with the letter "c", so there is that.

Hahahaha.. you had not noticed the first time that OOM had mentioned the Ledger incident in order that you could bond with him over your Ledger commonality.  OOM did receive a bit of a lecture on the matter, and not sure if he might be considering switching, but if he ended up buying another Ledger then sure, he is in a similar camp as you.. not exactly the same camp, but similar.. we are each unique little flowers (doesn't flower sound nicer than snowflake?), by the way... so no flower is going to tell another flower what to do, even though "we" (the other flowers) may well choose to lecture your little fartie flowery ass.

[OgNasty]

The strength of this rally has been quite impressive. While it may be slowing a bit as we attempt to break through $35K, I have to say that I am surprised with how we continue to drift upwards. Clearly someone is buying a lot of coins right now. Now to see if we smash through $35K and keep going or bounce off of it and go back into consolidation.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

no haiku Sunday
I would be wrong to do that
so a simple one

[ChartBuddy]

Explanation
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[philipma1957]

a buddy sandwich
became my second sunday
haiku still simple

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[sirazimuth]

Ever notice how some short posts about the usual king daddy movements just sound so generic, one could swear the member just asked the chatty AI dude to help them out?
But I suppose that said member would actually have to come up with a good prompt, so there is that.

PayPal won't let me move my free bitcoin (bought with reward point proceeds) to my Electrum wallet...   "there is a problem"  
... bastards.   I'll write to my congressman and bitch about it.

GO BITCOIN

[Hueristic]

Ever notice how some short posts about the usual king daddy movements just sound so generic, one could swear the member just asked the chatty AI dude to help them out?
But I suppose that said member would actually have to come up with a good prompt, so there is that.

PayPal won't let me move my free bitcoin (bought with reward point proceeds) to my Electrum wallet...   "there is a problem"  
... bastards.   I'll write to my congressman and bitch about it.

GO BITCOIN

[bitnote]

Who needs banks when you've got Bitcoin? #DecentralizeEverything

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

Given that the key is basically just a very large integer number and given that any password (or a hash thereof) can also be represented by a equally large integer, you can xor the key(-number) K with the password(-number) P and get a new large number N.
Means K^P =  N and N^P = K

Let's assume for the below example that we deal only with numbers up to 15 (4 bits), let K be 13 and let P be 9, the result of xoring them is 4 (see below):

Code:

13 = 1101
     ^
 9 = 1001
=========
 4 = 0100

.

XOR is deployed in Hashing algorithms to provide randomness that further ensures the irreversibility.  

There is a limitation with XOR cryptography that if Password (P) is 0 then N will be same as the Key (K), an unwanted condition. Moreover if Password (P) is a stream of 1's then N will be a stream of 0's.

Code:

13 = 1101
     ^
 0 = 0000
=========
 13 = 1101

Code:

13 = 1101
     ^
 1 = 1111
=========
 0 = 0000