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

[jbreher]

such as your misappropriation of anti-fragile

Again, my response to that:

https://bitcointalk.org/index.php?topic=1082909.msg18053760#msg18053760

If I read your reply correctly, you are essentially claiming 'language changes, so I get to be the one who changes it'. I reply: no, you don't.

Anti-fragility by definition requires the ability to evolve. If not, then 'anti-fragile' would be a redundant synonym for 'non-fragile'.

and my reply to the bogus reddit chart some guy posted that lies about all traits of bitcoin in order to try and pump and dump it lol:

Different conversation altogether.

[r0ach]

such as your misappropriation of anti-fragile

Again, my response to that:

https://bitcointalk.org/index.php?topic=1082909.msg18053760#msg18053760

If I read your reply correctly, you are essentially claiming 'language changes, so I get to be the one who changes it'. I reply: no, you don't.

Anti-fragility by definition requires the ability to evolve. If not, then 'anti-fragile' would be a redundant synonym for 'non-fragile'.

Again, I consider "anti-fragile" mostly just a made up slogan in the first place that people try to attach an arbitrary definition to.  You claim I didn't use the word correctly then forgot to mention that it was popularized by people in bitcoin who also have never used the word correctly in the first place.  If everyone uses the word in a completely different colloquial manner, then that definition usually takes over.  Anyway, who cares, it was a term popularized by people trying to pump and dump bitcoin and claiming it's as sturdy and durable as gold when it's not.

[EatonABooger]

sorry if this has already been posted...   found on Reddit.   
>>>>>>>>>>>>>>>>>>
The March 11 date came about because it is 180 days from the publication of the proposed BATS rule change in the Federal Register - there can be no more 45 or 90 day delays - SEC must approve or reject, with no decision = acceptance (Rule 19, Sec Exch Act of 1934)...

 But look at how time periods for publications in the Federal Register are calculated pursuant to 1 CFR 18.17(b):

"Dates certain will be computed by counting the day after the publication day as one, and by counting each succeeding day, including Saturdays, Sundays, and holidays. However, where the final count would fall on a Saturday, Sunday, or holiday, the date certain will be the next succeeding Federal business day."

That would put us at Monday, March 13 for the deadline.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

[HI-TEC99]

sorry if this has already been posted...   found on Reddit.  
>>>>>>>>>>>>>>>>>>
The March 11 date came about because it is 180 days from the publication of the proposed BATS rule change in the Federal Register - there can be no more 45 or 90 day delays - SEC must approve or reject, with no decision = acceptance (Rule 19, Sec Exch Act of 1934)...

 But look at how time periods for publications in the Federal Register are calculated pursuant to 1 CFR 18.17(b):

"Dates certain will be computed by counting the day after the publication day as one, and by counting each succeeding day, including Saturdays, Sundays, and holidays. However, where the final count would fall on a Saturday, Sunday, or holiday, the date certain will be the next succeeding Federal business day."

That would put us at Monday, March 13 for the deadline.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

That's a pertinent bit of detective work.

We were speculating why they made the last possible decision day a Saturday. It seemed strange considering they don't work on Saturdays. Now we know why.

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

[bitcoinvest]

sorry if this has already been posted...   found on Reddit.  
>>>>>>>>>>>>>>>>>>
The March 11 date came about because it is 180 days from the publication of the proposed BATS rule change in the Federal Register - there can be no more 45 or 90 day delays - SEC must approve or reject, with no decision = acceptance (Rule 19, Sec Exch Act of 1934)...

 But look at how time periods for publications in the Federal Register are calculated pursuant to 1 CFR 18.17(b):

"Dates certain will be computed by counting the day after the publication day as one, and by counting each succeeding day, including Saturdays, Sundays, and holidays. However, where the final count would fall on a Saturday, Sunday, or holiday, the date certain will be the next succeeding Federal business day."

That would put us at Monday, March 13 for the deadline.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

That's a pertinent bit of detective work.

We were speculating why they made the last possible decision day a Saturday. It seemed strange considering they don't work on Saturdays. Now we know why.

The meeting is 11 of March right?
That means we have exactly 2 weeks from now. Is this normal for USA to hold such meetings on Suturday? it's working day?? and result will be same day or need also wait?

That's the decision deadline. There's no associated meeting. They might already have made up their minds. Falling on a Saturday is a bit of a weird move indeed. I've read elsewhere that no ETF has ever passed by doing nothing, which is what some people are expecting here, and there's no way something so new and complex would pass like that either.

We'll know either way before that Saturday I expect.

+1
I remember some days before that i mentioned that the last day is Saturday and until now nobody had a clue
Well done for your information! That is also interesting to know!
Good night bitcoin land!

[travwill]

It's going to run up this weekend likely further by those with available funds buying now before newbies waiting on bank funds to process and arrive Mon/Tue/Wed can buy.

[TeeBone]

I'm pretty sure gold will be almost worthless within 50 years, just wait untill the age of space mining starts. There is an end-less supply of gold sitting in all those asteroids together with other ''precious'' metals.

I'm pretty sure you wouldnt put money on it.

When someone throws out outlandish assertion, a simple "wanna bet?" will have them scurrying to their corner.

There is a far greater chance, multitudes higher, that Bitcoin (and not gold) is worthless in 50 years.

[TeeBone]

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney.  It is a currency; it's not money.  Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them.  Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.  

The number of people using it as a currency will obviously be factored by it's throughput (TPS).  To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS.  At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).

Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).

[marcus_of_augustus]

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney.  It is a currency; it's not money.  Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them.  Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.  

The number of people using it as a currency will obviously be factored by it's throughput (TPS).  To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS.  At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).

Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).

... looks like jstolfi and cohort sockpuppets have shown up again, shiny new nyms and everything.

[Karpeles]

I'm the only one not comfortable with the recent rise while the unconfirmed transactions are about to reacj 100k and the ETF still is undefined and the PBOC and the chinese exchanges are about to pull some surprise?

[TeeBone]

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney.  It is a currency; it's not money.  Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them.  Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.  

The number of people using it as a currency will obviously be factored by it's throughput (TPS).  To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS.  At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).

Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).

... looks like jstolfi and cohort sockpuppets have shown up again, shiny new nyms and everything.

Har har...you're so proggy, man. Can i be an SJW like you ?

[lightfoot]

Back on topic, can someone update that stupid Wiley Coyote gif to go from 300 to 1300?

Because this is important.


C

[cmacwiz]

$1.3k by tonight, or else.....     

Does anyone know a good magic the gathering website that accepts bitcoin? Something like an exchange for btc and mtg cards, some sort of magic the gathering online exchange....

[gentlemand]

Har har...you're so proggy, man. Can i be an SJW like you ?

Whoever uses those three letters automatically outs themselves as a distended, knotty penis whether they're an alt of someone else or not.

[Searing]

 Nostalgia.

This thread started April 13th, 2013. The same week I discovered BTC. also same week I ordered
BFL equip to arrive in May 2013. (Phone voice verified) (Jally 5 gh arrived 🎃 Oct 31st 2017)
Such a clueless Newbie I was. 🤔

Anyway back to this thread start on April 13th, 2013. BTC was 67.43 bucks

https://bitcointalk.org/index.php?topic=178336.msg1858442#msg1858442

Wow!

😳
 

[r0ach]

$1.3k by tonight, or else.....     

Does anyone know a good magic the gathering website that accepts bitcoin? Something like an exchange for btc and mtg cards, some sort of magic the gathering online exchange....

[marcus_of_augustus]

If you think that Bitcoin is just a currency, you don't know what you're talking about. Cut the analysis bullshit and go back into your metal bagholding forums. You can't sell me such stories.

I guess you did not get the hint when they named it cryptocurrency instead of....cryptomoney.  It is a currency; it's not money.  Currencies are generally always a bad investment on a long timeline and there is no reason to own them unless you actually use them.  Once the market cap tops out, whether that's at $1200 a coin, $200 a coin, or $10,000 a coin, everyone who was attempting to use it as a store of value is going to flee the ship to the base of Exter's pyramid (metals) since they are a superior store of value, while the only people that continue to hold coins will be the people who actually use it as a currency.  

The number of people using it as a currency will obviously be factored by it's throughput (TPS).  To have a high market cap as a currency, TPS would probably have to be drastically higher than it is now with something like a functioning LN and 5000 TPS.  At that level it could probably float a large market cap as a payment processor, but I do not see a currency functioning well at low TPS with 1 MB blocks and no segwit or LN since low TPS is counterintuitive to how a currency is supposed to function (high turnover, not based on being a store of value or generational investment).

Spot on analysis. Bitcoin isnt even a commodity, ergo can never be money. It has no use outside a medium of exchange, all you can do with a btc is dump on the next greater fool lol (not that i mind the pyramid-like profits, ill just make sure i turn them into tangible assets at some point).

... looks like jstolfi and cohort sockpuppets have shown up again, shiny new nyms and everything.

Har har...you're so proggy, man. Can i be an SJW like you ?

must feel pretty shit for you and roach to get cucked by the raging bull bitcoin, such a gimped currency and still crapping all over gold and silver?

You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?

[BinaryReign]

Nostalgia.

This thread started April 13th, 2013. The same week I discovered BTC. also same week I ordered
BFL equip to arrive in May 2013. (Phone voice verified) (Jally 5 gh arrived 🎃 Oct 31st 2017)
Such a clueless Newbie I was. 🤔

Anyway back to this thread start on April 13th, 2013. BTC was 67.43 bucks

https://bitcointalk.org/index.php?topic=178336.msg1858442#msg1858442

Wow!

😳
 

Same story as me, almost exactly. Only I ordered more gh/s of bfl gear, and didn't get it all until late Sept/Oct 😆
 

[JimboToronto]

must feel pretty shit for you and roach to get cucked by the raging bull bitcoin, such a gimped currency and still crapping all over gold and silver?

You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?

LOL pwned.

Don't be so hard on the gold bugs. They can't help it. They try to replace brains with shiny things.  



I sometimes think goldbug threads should be moved to the altcoin folder.
_________

That said, don't get too smug about gold being vulnerable to space mining. Remember what quantum computing could mean to SHA256.  

[r0ach]

must feel pretty shit for you and roach to get cucked by the raging bull bitcoin, such a gimped currency and still crapping all over gold and silver?

You cucks might have to spend a night (or two?) spooning to make each other feel better? Put a roll of gold coins in there to warm yas all up too maybe?

LOL pwned.

Don't be so hard on the gold bugs. They can't help it. They try to replace brains with shiny things.  

This paper market ponzi looks like it's getting a little close to the end of days: