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

[nioc]

Ok.. this is a little embarrassing, but here we go...

I bought these to carry paperwallets when travelling in the future:
https://www.stashitware.com/boxer-briefs/


(P.S. Don't look at the video on the page.)

Whoops I looked at the video.


I was trying to reach my btc goal while the price was under 300.  Looks like that is impossible.

[KryptoFoo]

Stamp has given the rally a green light. Up!

[calme]

Ok.. this is a little embarrassing, but here we go...

I bought these to carry paperwallets when travelling in the future:
https://www.stashitware.com/boxer-briefs/


(P.S. Don't look at the video on the page.)

Whoops I looked at the video.


I was trying to reach my btc goal while the price was under 300.  Looks like that is impossible.

Well at least we now know that if we practice often enough, we would be able to quickly retrieve cigarettes and lighters from our underwear.

[coinableS]

Stamp has given the rally a green light. Up!

Just saw that. Stamp broke previous high from the 10th!

[Bagatell]

snip - that we would have transcended what we now call human)

It's life Jim, but not as we know it.

Or to put it another way -

"Within thirty years, we will have the technological means to create superhuman intelligence. Shortly after, the human era will be ended."

Written in 1993

https://www-rohan.sdsu.edu/faculty/vinge/misc/singularity.html

[LFC_Bitcoin]

CCMF

[L0uis]

Stamp is small by volume, but leading like a boss

[empowering]

snip - that we would have transcended what we now call human)

It's life Jim, but not as we know it.

Or to put it another way -

"Within thirty years, we will have the technological means to create superhuman intelligence. Shortly after, the human era will be ended."

Written in 1993

https://www-rohan.sdsu.edu/faculty/vinge/misc/singularity.html

Pretty much.

(also http://www.kurzweilai.net/the-law-of-accelerating-returns)

[ChartBuddy]

Coin
Explanation

[BldSwtTrs]

It looks bullish.

[KryptoFoo]

Going on a limb to say I think the next leg of the rally will bring us to $325. Let's see it!

[uhoh]

$300 tonight, let's hope we stay above this time

[podyx]

I don't know man...

I'm not sure yet

[empowering]

Oh my fucking god, I just found out Terry Pratchett died..

Fuck this day.

 

[mcplant]

it has now formed a double cup formation.

[Wekkel]

it has now formed a double cup formation.

We know what double cups can do 

[coinableS]

it has now formed a double cup formation.

What's the cup size

[sAt0sHiFanClub]

Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.

I think it's predicated mostly on the belief that the majority of people (miners in this case) will act rationally.  I would say that most miners consider the 21M coin cap to be a defining characteristic of Bitcoin, and probably the most important characteristic that gives the coin value.  If you accept that premise, then it is logical to assume that miners will not act irrationally by destroying the value that is their whole incentive for mining in the first place.

Good point, well made.

But raising the cap would be  an indirect consequence of adjusting the halving frequency, so by increasing the cap, you would be extending the [higher] reward period for miners

Since we havent reached the point where tx fees outweigh coin reward, do you think that might become an incentive for miners to increase the cap? (bear in mind that it would be a slow process, with no immediate dump of coins on the market.)

[Kupsi]

Again, my original point was that the future value of bitcoin is being predicated to a large extent on the 21m cap, a belief based on faith more than reality.

I think it's predicated mostly on the belief that the majority of people (miners in this case) will act rationally.  I would say that most miners consider the 21M coin cap to be a defining characteristic of Bitcoin, and probably the most important characteristic that gives the coin value.  If you accept that premise, then it is logical to assume that miners will not act irrationally by destroying the value that is their whole incentive for mining in the first place.

Good point, well made.

But raising the cap would be  an indirect consequence of adjusting the halving frequency, so by increasing the cap, you would be extending the [higher] reward period for miners

Since we havent reached the point where tx fees outweigh coin reward, do you think that might become an incentive for miners to increase the cap? (bear in mind that it would be a slow process, with no immediate dump of coins on the market.)

The miners can try to increase the cap all they want. The regular users will not use their new-cap-software.

[tarmi]