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

[becoin]

Wasn't Tor browser invented to enable dissidents in the rogue countries to circumvent censorship and surveillance? Why is it most used in the US? What's wrong with its white paper?

[1713506350]

1713506350

[erre]

I'm not rich at all, but my point is that many thousands are getting into bitcoin just recently because of it's increase in popularity, they read censored forums which are intentionally manipulated and then they are engaging in obvious groupthink psychological manipulation - This is a pretty obvious tactic that has been often used by various intelligence agencies of the world. People who got into BTC earlier, IE 2011-2012 generally aren't as likely to fall for Blockstream's manipulation, censorship and misinformation tactics. And those are the ones who are now being ostracized from the community. This points to a complete rewrite of the original BTC community, it's intentions, its code, its purpose, and its future. Satoshi's Bitcoin is dead. Now it's BlockstreamCoin - A Bitcoin NOT meant to compete with FIAT, or meant to compete with banks, but rather a settlement layer for the Rich and a speculator toy to play around with on exchanges. That's Blockstream's vision. Forget about the masses. Blockstream firmly believes that FIAT is superior to Crypto (after all that's what they get paid in) --- and Bitcoin should just be a settlement layer primarily used by the already-Rich and Speculators. Christ, I can't believe it even has to be argued - it's so obvious that Blockstream are the corporate takeover of Bitcoin that it makes my eyes bleed.

As you already understood, you have to relax bro

We are changing the world more than anyone could had dreamed some years ago, and the game is still going.
I belive that blockstream is interested only in profits, like any other big player, no hidden agenda. If we are lucky enough the financial system will self-destruct itself for profits, I think there is no other way to eventually substitute fiat than let the bankster do the work.

[bitcoinPsycho]

C'mon already...

looking at the 4 hour optamisum chart we should  hit $7400 in a few hours 

[spiderbrain]

As someone who bought their first Bitcoin in 2012 for $20,

Indeed, I can't help but laugh at all the thousands of newcomers who just read r/bitcoin and suddenly think they are scaling experts. That Bitcoin should be able to run a node on every Raspberry Pi in Afghanistan. Yada yada yada. This is psychologically manipulated groupthink. Let's face it - many of the people getting into Bitcoin today are "newbies" who weren't very smart or educated in the first place. But they all like to act like they are, ESPECIALLY when it comes to their opinions on the Blocksize debate - an opinion that was only formed through reddit. Oh boy do they love repeating those opinions, and screaming down anyone who disagrees, like a bunch of drunken fratboys who think they are about to lose their virginity. Only a very small minority are capable of using logic or reason.

It's both amusing and kind of sickening to watch happen.

Anyway, now that the dust has settled and the "1mb forever" crowd has won, Legacy Bitcoin will likely never scale in any meaningful kind of way - Meaning Legacy BTC will never be anything more than a speculator's toy to get rich, a gateway to altcoins and FIAT and a settlement layer.

However, I still fully expect the combined speculator and institutional investor money to take Legacy Bitcoin to 50 - 100K and beyond. However, it will become impossible to move coin at some point on the main chain , with $100+ fees, making a very large percentage of BTC wallets unspendable. At that point, the vast majority of Crypto users and commerce will have already moved to either Bitcoin Cash, Monero or Ethereum. In the long long run, 5+ years, I fully expect either Bitcoin Cash, Monero or Ethereum to become the #1 coin with the highest market cap. It's inevitable now that Bitcoin will never scale - and let's be honest, Lightning Network will either never exist or will never deliver as promised --- which means BTC is going to be stuck where it is now from the scaling perspective, with only a few band-aids thrown on top, likely forever -- unless the miners finally grow a pair, say enough is enough and stand up to the bought out Corporate shills at Blockstream, but I'm not holding out hope for that outcome at all.

Pretty much how I see things, too. what was the original bitcoin project is now scattered to the wind, not that segwit2x was any better. The actual process of getting people onto the payment network and putting a little cash into a decentralised value system is now on hold until the people who object to the fintech takeover of bitcoin can agree on which of the myriad other options to have as a new common standard. This may take ages. I personally have stopped introducing people to bitcoin and getting them to try it out because it no longer works very well, and core's plan is to never improve the situation. Not to mention that the ASIC arms race is turning into an environmental disaster.

[spiderbrain]

I'm just telling the truth, the only hostile takeover attempt was Blockstream and it was a success, indeed a major success for the Banking cartels.

I also see the centralisation of ASIC mining as a form of takeover, so I'm not that much of a BCH fan, either, but at least they have an intention of on chain scaling.

[ragnar0k]

C'mon already...

looking at the 4 hour optamisum chart we should  hit $7400 in a few hours  

<== Runs to buy more BTCs

[spiderbrain]

love it.

[conspirosphere.tk]

The actual process of getting people onto the payment network and putting a little cash into a decentralised value system is now on hold until the people who object to the fintech takeover of bitcoin can agree on which of the myriad other options to have as a new common standard. This may take ages.

There is no need of any common standard except bitcoin. Anyone can build his own upper layer on it or setup his own bitcoinbank interfaced with Visa, Paypal, etc (like some are actually doing BTW).

It's just the insane idea of storing any b/s tx on a distributed blockchain for eternity which has burned in flames -hopefully once for all.

[Neo_Coin]

Forbes: Digital Gold or better PayPal? :

https://www.forbes.com/sites/ktorpey/2017/11/09/failure-segwit2x-shows-bitcoin-digital-gold-not-paypal/#737fc4342233

 

[julian071]

Well, now that it's settled that BTC is strictly digital gold, the altcoinmarket has certainly become more interesting. Which will end up to be the digital cash? Place your bets, gentlemen.

[Elwar]

Well, now that it's settled that BTC is strictly digital gold, the altcoinmarket has certainly become more interesting. Which will end up to be the digital cash? Place your bets, gentlemen.

I think Lightning Network Coin will win out.

[jojo69]

looking at the 4 hour optamisum chart we should  hit $7400 in a few hours 

Jesus Christ, this guy and his magic 4 hour optamisum chart.


MOTHERFUCKING BUY BUY BUY!!!

[itod]

The problem is you think I'm a shill when in reality I'm just a minority voice telling what should be a very obvious truth. But Blockstream has distorted everything so much with the lies and the censorship, it's almost impossible to get through to anyone.

No, the problem is you are thinking nobody gets what you are saying, while it's exactly otherwise: your point is easy to understand, but it simply is not important. You would be dead on spot if what Bitcoin needs most is innovation, and this is not true. At this moment when multiple entities want to have it's own way with it, Bitcoin needs stability more than anything, it needs to get boring at least for some period. Forcing new properties/qualities of a blockchain if it may run it into the ground is irrational.

[_javier_]

how many times do they want to test 7K  

[Arriemoller]

Pontus Lindblom Retweeted
Blockchainlife‏ @Blockchainlife 12h12 hours ago

Sitcom The Big Bang Theory will dedicate a full episode on #Bitcoin in Season 11 Episode 9: "The Bitcoin Entanglement". Broadcasting November 30th on CBS with an estimated 14.2 million viewers. Bazinga! #BigBangTheory

SPOILER ALERT!!!










Extended Plot
The guys find a laptop which has some virtual bitcoin currency on it. The computer belongs to Penny's old boyfriend Zack.

[Last of the V8s]

https://bitcoin2x.org/
for serious

[FractalUniverse]

you are kidding right? 

[rolling]

Bitcoin Gold Launch – 12th November 2017 (19:00 UTC)

https://bitcoingold.org/bitcoin-gold-launch/

[conspirosphere.tk]

https://bitcoin2x.org/
for serious

https://i.imgur.com/vB4SeEE.png

OK. Let's see this bluff.
Maybe I can make some use of their forked coins.

[ragnar0k]

Bitcoin Gold Launch – 12th November 2017 (19:00 UTC)

https://bitcoingold.org/bitcoin-gold-launch/

I honestly think BTG has a good chance to take over BCH place
...And glad they are making a less scary S2X, I really needed some extra $ this month, given that I won't sell my BTG