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

[Elwar]

Bitcoin fees $2.18, peer to peer gold and silver transaction $0...hmm.....

Surprise Goyim, it's a rent seeking usury system.

I just sold some bitcoins yesterday via localbitcoins. I raised the fee from .0006 to .001 for faster transaction which upped the fee to $2.20. At the regular rate that would be about $1.35.

And that was buying 6 million won (about $5,500). Try getting $5,500 out of your ATM for $2.20.

 That's not a good comparison.  A) We already have the money in our account to withdraw from the ATM
and B) I don't pay ATM fees
 

Try having one currency and getting a large amount into another currency through the bank.

[bitserve]

Cliff High's latest
https://www.youtube.com/watch?time_continue=5&v=fcORP2nN-es

TL;DW?

Batshit crazy, buttheadedness and thick thick layer of peanutbutter called fintech... I stopped listening after that.
This man is not very articulate.

Thx, I guess I did well not losing my time watching it.

[Elwar]

Bitcoin fees $2.18, peer to peer gold and silver transaction $0...hmm.....

Surprise Goyim, it's a rent seeking usury system.

In the non-bitcoin world I would need to get a bank account on base (a very unfriendly bank), withdraw the cash and go to a local exchange that would charge me 4-5%.

The fact that it's hard to conveniently order things on Amazon.com while deployed in the military (as it probably should be since I don't think they were doing that in WWII), doesn't exactly change the fact that bitcoin is a rent seeking usury system.  When the money requires a fee just to exist at all, that's nothing but a replica of current debt based money.

Actually I buy just about everything online on Amazon with bitcoins that is sent to my Army post office box. And I get everything at a 15% discount thanks to bitcoin.

The only reason I needed won was that I am renting an apartment and need 3 months rent upfront. In Europe I would use Bitwala to pay that with bitcoins but I am still learning the Korean bitcoin world and will likely not need won very much once I figure things out.

[bitserve]

Actually I buy just about everything online on Amazon with bitcoins that is sent to my Army post office box. And I get everything at a 15% discount thanks to bitcoin.

I think I have heard before about that discount buying from amazon using Bitcoin. How to get that discount?

[PoolMinor]

Actually I buy just about everything online on Amazon with bitcoins that is sent to my Army post office box. And I get everything at a 15% discount thanks to bitcoin.

I think I have heard before about that discount buying from amazon using Bitcoin. How to get that discount?

https://purse.io/

[notme]

UASF?  Do you mean the hard fork that has to be activated by a miner?

UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority.

We will be free from Jihan Wu on 1st August.

I know what it stands for and how it works.  It is not user activated and it is not a soft fork.

[Chef Ramsay]

Cliff High's latest
https://www.youtube.com/watch?time_continue=5&v=fcORP2nN-es

TL;DW?

Batshit crazy, buttheadedness and thick thick layer of peanutbutter called fintech... I stopped listening after that.
This man is not very articulate.

The relevant stuff about bitcoin and its upcoming price action is kinda scattered throughout the video amid some off the wall talk. Basically, he's a predictive linguistics ace and master coder and called the last rise spot on if you've been paying attention to him over the last 6 months. Essentially, we're in the midst of the greatest wealth transfer in history so hold your fucking nuts as this rally/correction (he calls it crocodile teeth) pattern is just getting started. It's really not a bad watch but if you're new to him, it could sound a little spacey at times.

[BlindMayorBitcorn]

I don't get the allure of these videos. 30 minutes of speech can be digested in about 10 minutes if it's written down. Less if you know how to read at a decent clip. Why would anybody sit and listen to half an hour of hums and haws?

[xhomerx10]

Cliff High's latest
https://www.youtube.com/watch?time_continue=5&v=fcORP2nN-es

TL;DW?

Batshit crazy, buttheadedness and thick thick layer of peanutbutter called fintech... I stopped listening after that.
This man is not very articulate.

The relevant stuff about bitcoin and its upcoming price action is kinda scattered throughout the video amid some off the wall talk. Basically, he's a predictive linguistics ace and master coder and called the last rise spot on if you've been paying attention to him over the last 6 months. Essentially, we're in the midst of the greatest wealth transfer in history so hold your fucking nuts as this rally/correction (he calls it crocodile teeth) pattern is just getting started. It's really not a bad watch but if you're new to him, it could sound a little spacey at times.

 I am a regular listener to Coast to Coast AM when I can't sleep and I have heard Clif High and some of his predictions before (quite some time ago actually).  He claims to be accurate but I think he's the only one keeping score.  That whole north/south pole-flipping, world-ending scenario prediction of 2012 was rather scary but never materialized.  I thought it was funny that this guy spoke about being self-sufficient and living "off the grid" while at the same time relying on his internet web bots to predict the future.  
 I should listen to it because I think web-bots would be better suited to predicting events with Bitcoin but I have difficulty spending more than a few minutes listening to him because of his demeanor.  Be nice if someone could pick out the Bitcoin specifics

[jbreher]

UASF?  Do you mean the hard fork that has to be activated by a miner?

UASF stands for User Activated Soft Fork. It’s a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority.

We will be free from Jihan Wu on 1st August.

I know what it stands for and how it works.  It is not user activated and it is not a soft fork.

Yeah. Some of the fundamentals seem to escape a large swath of the misguided.

[Bitcoinaire]

Looks like we'll break out in 6-12 hours and continue this uptrend.
This is just the beginning.....

[Holliday]

Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z

[edgar]

I don't get the allure of these videos. 30 minutes of speech can be digested in about 10 minutes if it's written down. Less if you know how to read at a decent clip. Why would anybody sit and listen to half an hour of hums and haws?

boredom & loneliness mostly

look at radio consumption.

[BlindMayorBitcorn]

I don't get the allure of these videos. 30 minutes of speech can be digested in about 10 minutes if it's written down. Less if you know how to read at a decent clip. Why would anybody sit and listen to half an hour of hums and haws?

boredom & loneliness mostly

look at radio consumption.

I understand.

[hmmkay]

Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z

Stop feeding obvious trolls pls.

[r0ach]

That whole north/south pole-flipping, world-ending scenario prediction of 2012 was rather scary but never materialized.

I don't think Cliff High is credible since he's always talking about UFOs and other off the wall shit and think he even says he constantly sees them at night or something (or was that Bix Weir), but there is actually geological evidence of those pole flips occurring.  The best example I remember is that some magnetic material in clay was all orientated in a certain manner during one era, then the pole flip occurs and it's orientated the opposite way.  

It's a hard phenomenon to understand ranging from thoughts of "oh shit, that will make our entire atmosphere float off into space with the solar winds", to "well, it might just create patches of holes temporarily that allow more charged particles in to increase cancer rates before completing the flip".  From when I personally looked into it, I don't think there was ever any extinction events coinciding with pole flips, but I could be wrong.  Something like the Yellowstone volcano is probably a much bigger problem if you live somewhere like America and don't live on the far east coast.

[CoinCube]

Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z

That address lol 

[r0ach]

Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z

That address lol  

This is not Burger King motherfucker.  Nobody said you get to have it your way.  Not to mention the fact that any bitcoin sent would obviously be for a good or service, and that good would need to be transported to you still whether you use bitcoin or gold or silver.  Best case scenario you are eliminating 1/2 of the round trip by using unsound money, increasing globalization at the expense of the local economy.  Bitcoin is great for subsidizing the current status quo dysfunctional system.  

At some point down the road (probably sooner than later), that globalization paradigm will implode and either only the local economy will matter, or the local economy is going to matter a lot more.  In that context of local economies (even in present day), there is no reason to use any form of money with usury fees tied to it which rules bitcoin out.

[harrymmmm]

Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z

Yep. And don't forget to have the assay equipment ready to ensure it's 99.99% gold. Maybe a furnace to melt it down to check inside etc.
I think you should also factor in some storage costs if you want a vault somewhere to keep it safe.

[Holliday]

Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z

That address lol  

This is not Burger King motherfucker.  Nobody said you get to have it your way.  Not to mention the fact that any bitcoin sent would obviously be for a good or service, and that good would need to be transported to you still whether you use bitcoin or gold or silver.  Best case scenario you are eliminating 1/2 of the round trip by using unsound money, increasing globalization at the expense of the local economy.  Bitcoin is great for subsidizing the current status quo dysfunctional system.  

At some point down the road (probably sooner than later), that globalization paradigm will implode and either only the local economy will matter, or the local economy is going to matter a lot more.  In that context of local economies (even in present day), there is no reason to use any form of money with usury fees tied to it which rules bitcoin out.

Globalization only sucks because governments exist. Sans government, globalization is perfectly fine. At least complain about the thing which actually causes the problem.

Besides, I like my beer from England, my wine from France, my cars from Japan, my tools from Finland and Germany, my handguns from Austria, my rifles from the U.S.A. and my women from all over. If I tried to get this stuff locally, I would be drinking piss, driving a broken down piece of shit that I couldn't fix, blowing my hand off, and fucking a goat.

Bitcoin does not subsidize the status quo dysfunctional system, it allows you to opt-out of it.