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

[Last of the V8s]

Fellow bitcoiners salute charismatic Comrade President Xi's continued efforts to decentralize Chinese mining hashrate.

[Samarkand]

Let´s get back to talking about Bitcoin.
This IQ discussion is not really relevant to the BTC/USD price.
Unless someone of you would link a study that shows a correlation
between high IQ and a large stash of Bitcoin.

Talking about large amounts of BTC:


This graphic really illustrates how many BTC some of the early adopters own.
Some crazy other stats as well!

What are your thoughts on this distribution?

[mattimann]

Uaaahhh... Guys, wake me up when we come back to the BTC Topic...

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

LOL yeah, just a bit. Try again...

[Karartma1]

@practicaldreamer
Thank you for reminding me about that! Once I wrote it on the blackboard and my math teacher did not take it well

https://twitter.com/exiledsurfer/status/910550512659046400
https://t.co/TdkflQr6w0
can someone get the text of this for us please
@nic__carter 5h5 hours ago

Absolute must-read this morning from a man who reviewed Bitcoin code in 2008.

Wow, what an amazing read by one of the few people who met Satoshi and worked with him at the very beginning.

Satoshi held - and is holding, I suppose - himself to a nearly inhuman standard of behavior in terms of refusing to give any remotest hint of possibly scamming anybody.

That's the answer for those who believe that Bitcoin is a scam/ponzi scheme etc.

[Last of the V8s]

@practicaldreamer
Thank you for reminding me about that! Once I wrote it on the blackboard and my math teacher did not take it well

https://twitter.com/exiledsurfer/status/910550512659046400
https://t.co/TdkflQr6w0
can someone get the text of this for us please
@nic__carter 5h5 hours ago

Absolute must-read this morning from a man who reviewed Bitcoin code in 2008.

Wow, what an amazing read by one of the few people who met Satoshi and worked with him at the very beginning.

Satoshi held - and is holding, I suppose - himself to a nearly inhuman standard of behavior in terms of refusing to give any remotest hint of possibly scamming anybody.

That's the answer for those who believe that Bitcoin is a scam/ponzi scheme etc.

please could you put the text on archive.is or a pastebin? and link here?

[Samarkand]

...

Satoshi held - and is holding, I suppose - himself to a nearly inhuman standard of behavior in terms of refusing to give any remotest hint of possibly scamming anybody.

That's the answer for those who believe that Bitcoin is a scam/ponzi scheme etc.

That article is really amazing.

The two things that fascinate me the most about Satoshi are:
-his ethics and his wisdom to withdraw himself from the project to truly give it the chance to blossom
-his genius as showed in getting right the incentives for miners, nodes and all other participants

If Satoshi would indeed be several persons instead of a single individual, the ethics
part would even be more rare and astonishing.

[Samarkand]

...

please could you put the text on archive.is or a pastebin?

https://pastebin.com/wXBgpf28

You´re welcome! 

[Ibian]

John McAfee in Bitcoin is kind of the same problem the alt-right has, a leaderless organization/movement to expel Jewish usury parasites off the backs of humanity.  Since there is no formal structure, a gay, Jewish guy named "Milo" just walks up and says "who's the leader around here?  nobody? ok, looks like I am.".

Putting aside the racist parts of your rants, I don't see anything the alt-right is obsessed with that would expel usury parasites off the back of humanity. For starters they champion a billionaire president !

Money is not evil, comrade. Otherwise you might be in the wrong place.

[Last of the V8s]

...

please could you put the text on archive.is or a pastebin?

https://pastebin.com/wXBgpf28

You´re welcome!  

https://archive.is/ZJChP

many thanks

btw some people on twitter unsure if article is entirely genuine. time will tell
time told: backup http://satoshi.nakamotoinstitute.org/emails/cryptography/5/
http://diswww.mit.edu/bloom-picayune/crypto/137796
 

[Wekkel]

Let´s get back to talking about Bitcoin.

[...]

What are your thoughts on this distribution?

How many large balances are dormant (and perhaps abandoned)? This graph does not mean much to me.

[mattimann]

Uaaahhh... Guys, wake me up when we come back to the BTC Topic...

Oh yeah right. Bitcoin hit 4050!



^{Too soon?}

LOL yeah, just a bit. Try again...

https://t.co/TdkflQr6w0

This woke me up!
Thanks for sharing!

[cAPSLOCK]

Milo is fabulous.

He also thinks gay kid diddling is a good thing. Never liked him and he lost a lot of support over that.

No arguing with you there. Not going to defend what Milo said in that particular instance.

I will admit he lost a lot of support from me as well.

Normalizing paedophilia is never a good thing.

Isn't the whole "USA should only be a nation of straight white people" thing kinda counter to your...existence?

Not to speak for Bob, but that is a extreme misrepresentation of Milo's position.

[YamashitaRen]

What are your thoughts on this distribution?

I would have loved to be an early adopter... Too bad I only heard about it during Mt. Gox bubble...

[Wekkel]

...

please could you put the text on archive.is or a pastebin?

https://pastebin.com/wXBgpf28

You´re welcome!  

https://archive.is/ZJChP

many thanks

btw some people on twitter unsure if article is entirely genuine. time will tell
time told: backup http://satoshi.nakamotoinstitute.org/emails/cryptography/5/
http://diswww.mit.edu/bloom-picayune/crypto/137796
 

"But good lord, what we started."

The concerns about people doing ICOs seem small in terms of what the broader perspective is. An change in how we, humanity, trade value and organise one of our most important binding elements in society, our currency. But the guy cries about ICOs  

But perhaps I am mistaken and have not understood his concerns correctly.

[Ibian]

Let´s get back to talking about Bitcoin.
This IQ discussion is not really relevant to the BTC/USD price.
Unless someone of you would link a study that shows a correlation
between high IQ and a large stash of Bitcoin.

Talking about large amounts of BTC:


This graphic really illustrates how many BTC some of the early adopters own.
Some crazy other stats as well!

What are your thoughts on this distribution?

A study like that would never get funding (or ethical approval, probably), but we can hypothize easily enough: it takes a minimum level of smarts to understand bitcoin and money at the same time and to operate both safely. Done and done.

As for the chart, classic pareto distribution (pareto is now a word, spellcheck. no i did not mean to type potato.). It seems like a law of nature. Jordan Peterson talks about it, fascinating stuff.

[xhomerx10]

Anyone here from Romania?

 I am presently in Romania.  I had planned on going to the Bitcoin meeting pe Baricade this evening but Bucuresti was all but shut down due to a storm scare and my wife didn't want me to go out.  I think the storm only grazed us as it seems it was further north.  Maybe next time!

[Ibian]

What are your thoughts on this distribution?

I would have loved to be an early adopter... Too bad I only heard about it during Mt. Gox bubble...

It's still early. Yes even now.

[conspirosphere.tk]

Putting aside the racist parts of your rants, I don't see anything the alt-right is obsessed with that would expel usury parasites off the back of humanity. For starters they champion a billionaire president !

Money is not evil, comrade. Otherwise you might be in the wrong place.

Problem is that the POTUS is an orange jew.

[Samarkand]

...
A study like that would never get funding (or ethical approval, probably), but we can hypothize easily enough: it takes a minimum level of smarts to understand bitcoin and money at the same time and to operate both safely. Done and done.

As for the chart, classic pareto distribution (pareto is now a word, spellcheck. no i did not mean to type potato.). It seems like a law of nature. Jordan Peterson talks about it, fascinating stuff.

I agree that the topic of the study would be too politcally incorrect in order to get funded  
However, I disagree with the second part of your statement.

In order to use Bitcoin you don´t really need an outlier IQ. A person with a slightly sub-average IQ (let´s say 90) may not
understand the technical details of Bitcoin, but will be able to operate a Coinbase account or a blockchain.info wallet.
The same is valid for sites like Circle where the user of the service may not even be aware that the whole
project is based on Bitcoin.

Yes, pareto distribution is really a fascinating topic!

[Last of the V8s]

"But good lord, what we started."

The concerns about people doing ICOs seem small in terms of what the broader perspective is. An change in how we, humanity, trade value and organise one of our most important binding elements in society, our currency. But the guy cries about ICOs  

But perhaps I am mistaken and have not understood his concerns correctly.

It is a bit odd that lengthy moan. Cynics might say it is the moan of an early adopter who didn't cash in or hodl or something, but idk.

praising the code seems odd too.