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

[quetschiquetsch]

Mhm, I´am afraid BTC is really on his way to become more and more successful. There have been times when Roachi´s statements where at least worth answering it, but now he seems to run out of troll fud, he just keeps posting the same rigged "arguments" (what a shame to use this word in this situation) full of simply wrong statements and conclusions.... Not even worth to point out, where and why he is wrong because it´s clear for 99% of the readers anyway... roachi, this is to much, you are overshooting it. Loosing all your troll credibilities, what a pity 

[quetschiquetsch]

Why did BCC rise back some on pretty strong volume.   Is that just random or for some reason relating to bitcoin at all.

I'm looking at the price action for August on Kraken and the whole of August we've been in a regular price channel.   Thats very strong action, dont even normally see this because bitcoin is so volatile its too loose to keep something regular normally attributed to maybe stocks in movement.  

I spotted a few people talking negatively, maybe surrounding the 4,000 line but its acting strong overall up until it breaks that channel.  Actually last day or so it was trying to break out upwards if anything

A week or so ago someone queried why Ver doesn't just dump all of his bitcoins into bcash to pump the price. His response was something along the lines of "I'm seriously considering doing this". Perhaps this was that action.

I´am not sure that this is/was it... I expect some further pumps coming in. They adjust their difficulty down, pump the price up and it will be most probably more effective (considering earning money) to mine the BitCoinCash chain for a while... I would keep pumping it then. There won´t hardly come better and easier situations to step in to the spotlight. Am I wrong?

[ghandi]

Whoever thinks bitcoin can't be destroyed with ease when it's network traffic isn't even obfuscated should take a look at the case of The Daily Stormer, who big corporations have essentially censored it from the internet in a time span of two days:

https://blog.cloudflare.com/why-we-terminated-daily-stormer/

https://www.rferl.org/a/u-s-neo-nazi-website-russian-domain-daily-stormer/28680409.html

First they came for the nazis, but I didn't speak out, because I was not a nazi.

You understand the technical differences between a server-based Hosting and DDoS Protection and a decentralized peer-to-peer Network?

Doesn't matter.  The Cloudflare CEO guy's point was clear, that there is already a monopoly on the internet where all it takes is a couple of corporations - let's say ISP providers such as Comcast and AT&T - to blacklist something and it's gone if the traffic is not completely obfuscated.  You can't blacklist gold and silver from existing, but the internet is already a corporate and/or government monopoly so it's not hard to do with anything here.  

Without the govt even outlawing something, corporations can destroy it just as easy.  Yea yea, you can then log onto a Somalian bitcoin exchange via proxy after all 1st world mining and exchanges are shut down, but nobody even accepts bitcoin in native form.  The only places that accept bitcoin do so with Bitpay and immediately convert to fiat.  Remove the ability to convert to fiat and bitcoin is useless.  It's current existence is a centralized currency that's a derivative of another currency, while only gold and silver are actually money.

The only reason the government allows this nonsense to exist for now is to try and acclimate the goyim into the de-cashing of society and integration into a digital only slave currency control grid.  That and to try and prevent people from buying gold and silver because the market is stretched too thin and they're running out of metals to deliver which would blow up their ponzi.

I'm sorry, but you got this thing wrong. You cannot easily shutdown Bitcoin without taking down the whole Internet. When the big ISP block the default Bitcoin-Port (8333) we simply switch to something they can't block like Port 80 (HTTP) or 443 (HTTPS). They can't take down these Ports, without taking down the entire WorldWideWeb. Bitcoin uses a mesh-approach. You only need one Bitcoin-Node as a gateway and you can reach the whole Bitcoin Network.

It only gets troublesome when they start to depp-packet-inspect the traffic and filter on protocol level. But then we already live like China behind a great firewall and got other problems to deal with.

[conspirosphere.tk]

Centralized mining, centralized development, price based on artificial scarcity of coin count, fee system that doesn't work without artificial scarcity of block size.  The whole thing is honestly a complete joke compared to metals.  

"Centralized mining": competition will rise, see Russia announcing to enter in mining and chip production.

"artificial scarcity": money has to be scarce to have value. artificial money calls for artificial scarcity.

"fee system": see above, but I have my reservation about the BTC fee system: full blocks and large mempool means that fees are underpriced.

"Promoting that everyone on earth use the same artificially scaling constrained coin": who is that BTC maximalist? let many coins blossom and the market will choose.

"a huge step backwards from gold and silver":  You can't strike gold by holding gold. Crypto is for speculation and other advantages. Gold is just to sleep well.

[r0ach]

I'm sorry, but you got this thing wrong. You cannot easily shutdown Bitcoin without taking down the whole Internet.

Yea right, even if you change the ports, you're not using randomized ports, and even if so, the ISPs can still detect who is running bitcoin nodes or other activity on their network and just say "sorry, we're turning off your connection because we do not support people laundering money with bitcoin", or whatever other excuse they want to make.  The corporations would even run their own nodes as a honeypot to sniff people out.  It's mostly a stupid argument since governments are far more likely to eradicate bitcoin through legislation than by pseudo-govt entities like Google, Comcast, or AT&T doing it under a corporate umbrella, but still, corporations can put a big dent into bitcoin viability if they want.

[orpington]

I'm sorry, but you got this thing wrong. You cannot easily shutdown Bitcoin without taking down the whole Internet.

Yea right, even if you change the ports, you're not using randomized ports, and even if so, the ISPs can still detect who is running bitcoin nodes or other activity on their network and just say "sorry, we're turning off your connection because we do not support people laundering money with bitcoin", or whatever other excuse they want to make.  It's mostly a stupid argument since governments are far more likely to eradicate bitcoin through legislation than by pseudo-govt entities like Google, Comcast, or AT&T doing it under a corporate umbrella, but still, corporations can put a big dent into bitcoin viability if they want.

Well, I for one do appreciate that you are just trying to "save us all" lol

[r0ach]

I'm sorry, but you got this thing wrong. You cannot easily shutdown Bitcoin without taking down the whole Internet.

Yea right, even if you change the ports, you're not using randomized ports, and even if so, the ISPs can still detect who is running bitcoin nodes or other activity on their network and just say "sorry, we're turning off your connection because we do not support people laundering money with bitcoin", or whatever other excuse they want to make.  The corporations would even run their own nodes as a honeypot to sniff people out.  It's mostly a stupid argument since governments are far more likely to eradicate bitcoin through legislation than by pseudo-govt entities like Google, Comcast, or AT&T doing it under a corporate umbrella, but still, corporations can put a big dent into bitcoin viability if they want.

Well, I for one do appreciate that you are just trying to "save us all" lol

The fact that a guy was essentially banned from the entire internet (the daily stormer - the #2320 most popular website in America) and prevented from running a website or practicing free speech (because jews don't want the goyim to know what they're doing like destroying 1st world white nations by flooding them with rapefugees on purpose) while not actually breaking any law is kind of an Orwellian precedent whether you like the site or not.

Daily Stormer - #2320 in popularity
Infowars.com - #828
MSNBC          - #529

As you can see, the zionist propaganda outlets like CNN, MSNBC, etc, are starting to get worried their propaganda is collapsing and no longer fools people.

[aesma]

I guess I bought BCH to match my BTC at the right moment. Now I'm golden and it doesn't even look like a bad deal.

[aesma]

BTW, in what country can I actually buy something with gold or silver, I'm curious ?

In my country I certainly can't, the only possibility is with Euro silver or gold coins, they are legal tender, however the face value is only loosely related to the metal content.

Then there are special taxes for gold purchases making it extremely unattractive.

[ghandi]

I'm sorry, but you got this thing wrong. You cannot easily shutdown Bitcoin without taking down the whole Internet.

Yea right, even if you change the ports, you're not using randomized ports, and even if so, the ISPs can still detect who is running bitcoin nodes or other activity on their network and just say "sorry, we're turning off your connection because we do not support people laundering money with bitcoin", or whatever other excuse they want to make.  The corporations would even run their own nodes as a honeypot to sniff people out.  It's mostly a stupid argument since governments are far more likely to eradicate bitcoin through legislation than by pseudo-govt entities like Google, Comcast, or AT&T doing it under a corporate umbrella, but still, corporations can put a big dent into bitcoin viability if they want.

Well, I for one do appreciate that you are just trying to "save us all" lol

The fact that a guy was essentially banned from the entire internet (the daily stormer - the #2320 most popular website in America) and prevented from running a website or practicing free speech (because jews don't want the goyim to know what they're doing like destroying 1st world white nations by flooding them with rapefugees on purpose) while not actually breaking any law is kind of an Orwellian precedent whether you like the site or not.

Daily Stormer - #2320 in popularity
Infowars.com - #828
MSNBC          - #529

As you can see, the zionist propaganda outlets like CNN, MSNBC, etc, are starting to get worried their propaganda is collapsing and no longer fools people.

Free speech in the US is kind of weird (in my personal opinion). I live in germany. We have free speech too, it's simply part of our human rights. But we also have another very important rule: Your human rights end there, where you intersect the human rights of somebody else. Which to me is a really reasonable limitation.

With this mindset, i totaly understand to take down the daily stormer. Because harrassing a casualty doesn't meet my interpretation of "free speech".

But the CloudFlare CEO himself points out, that he shouldn't be the person to decide that. In a democracy you got division of powers. And this division seems to be missing so far.

One can deem the CEO for doing that. But i think more important is to think of a way on how to agree on what to remove and what not. Even though germany and the us share the same "western mindset" the decision on this case would be diffrent. And now start to think to find agreements with the whole world on these kind of things. We are all fine with gay content on the internet. But saudi arabia isn't. Where do we start to take compromises, where to we start to stand for our democratical achievements? As always: It's complicated, but still not the end of the world.

// But let's head back to topic here.

[becoin]

I live in germany. We have free speech too, it's simply part of our human rights.

I'm sorry to say it but you don't have free speech in Germany. If a refugee rapes a German girl journalists, newspapers, tv stations are not allowed to report such news. If they do so, they'll immediately be sent to jail for spreading religious and racial hatred.

[aesma]

I live in germany. We have free speech too, it's simply part of our human rights.

I'm sorry to say it but you don't have free speech in Germany. If a refugee rapes a German girl journalists, newspapers, tv stations are not allowed to report such news. If they do so, they'll immediately be sent to jail for spreading religious and racial hatred.

I guess the absolute free speech you enjoy in the US has the side effect that lies become truth for many of you.

[El duderino_]

Are we going to see A dump or ATH this weekend ? Maybe Just the same +- 4250-4350 like it is now.....

[aesma]

True. I installed the Electron shitwallet on my cellphone and guess what? It changes THE REAL ELECTRUM config, so the Electrum started looking for my xpub on the shitcash chain. I had to uninstall and reinstall Electrum (just erasing the blockchain headers file did nothing) after recovering from the heart attack I had when I saw zero balance on my wallet...

that's just....poor, wow

I don´t want to advertise that (maybe shit) Electron Cash, but it worked smooth for me. Just installed it on another computer, transferred my BTC to another wallet, inserted the seed, got the BitCoinCash, sent them to an exchange, deleted electron cash and sent BTC to a new wallet...
I was just afraid this electron cash might steal my BitCoinCash, but nothing happened (except the things supposed to happen). So, i did not use it that much, but just for claiming the CashStuff it worked easy and fine for me...

Electron Cash searches for an existing Electrum wallet and overwrites it.

It should make a copy as that would give you your BCash, without an impact on Electrum.

But in reality it looks like Electron Crash was made in a hurry without consideration for such things.

I only use the not recommended Electrum portable version so no problem for me.

[ghandi]

I live in germany. We have free speech too, it's simply part of our human rights.

I'm sorry to say it but you don't have free speech in Germany. If a refugee rapes a German girl journalists, newspapers, tv stations are not allowed to report such news. If they do so, they'll immediately be sent to jail for spreading religious and racial hatred.

Well, if that is what you believe in what is happening here, than i can tell you, you are wrong. But you are free to believe it anyway.

[r0ach]

Free speech in the US is kind of weird (in my personal opinion). I live in germany. We have free speech too

Lol, no.  Neither nation has free speech:

http://steemit.com/politics/@r0achtheunsavory/the-alt-right-didn-t-land-on-tel-aviv-tel-aviv-landed-on-us

And while they prevent free speech from occuring, they attempt to flood 1st world white nations with 3rd world invaders because all homogeneous populations (such as Iceland did) eventually overthrow their usury banking parasites or kill them, so they flood the country with lots of different warring factions as a divide and conquer strategy so nobody can ever come together against your economic oppressors - Nash equilibrium by rapefugee invasion if you will.

These plans were all detailed 50 years ago to try and genocide white europe:

https://smashculturalmarxism.wordpress.com/2015/02/03/genocidal-kaufman-and-hooton-plans-for-germany-became-the-reality-for-all-of-western-europe/

[Elwar]

We have free speech too, it's simply part of our human rights. But we also have another very important rule: Your human rights end there, where you intersect the human rights of somebody else. Which to me is a really reasonable limitation.

Try giving the nazi salute or giving someone the middle finger in Germany and see how far that gets you.

[ghandi]

Like always, this is leading nowhere.

For the middle finger no one really cares as long as you don't show it to a policemen. But even then, the worst thing to happen is you paying 50€ for being rude to a policemen instead of beaing instantly executed for not following his orders.

And why the nazi salute is banned, may or may not be arguable (i think it's not). But still you can use it (and all other banned nazi symbols) as long as it art. So movies, theaters, etc. are still allowed to show Nazi-Flags and wear SS-Uniforms.

[fluidjax]

We have free speech too, it's simply part of our human rights. But we also have another very important rule: Your human rights end there, where you intersect the human rights of somebody else. Which to me is a really reasonable limitation.

Try giving the nazi salute or giving someone the middle finger in Germany and see how far that gets you.

The restriction on 'hate speech' is a disgusting infringement upon free speech, it brings a subjective definition to 'free' and allows governments to selectively stop free speech.
I don't see 1960's war movies which display hatred towards Hilter being tagged as hate movies, it's just a mechanism to justify a curtailment.

Much of what Roach says I disagree with, but I am happy that he can say what he thinks, for me, endless repetition may be a reason to put him on ignore, not his views.

[Elwar]

Like always, this is leading nowhere.

For the middle finger no one really cares as long as you don't show it to a policemen. But even then, the worst thing to happen is you paying 50€ for being rude to a policemen instead of beaing instantly executed for not following his orders.

Or when you're driving and the other driver reports you.