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

[realr0ach]

tonnes of scope for Ver to scam people for the wrong bitcoin

There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling.  Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand.

The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place.  You can't store value in an imaginary asset.  It's value could only come from whatever possible utility it provides.  It doesn't have value just from existing (stock)...because it doesn't really even exist.  Gold and silver have actual scarcity.  Bitcoin is based on artificial scarcity.  This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts.  But the market will eventually take the value back down to zero again.  It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat.

So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much.  From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset.  So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead.

I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time.

Roach is not so happy these days, he loves shitting on Bitcoin...i know why!

Roach sold at the bottom

No, it's amusing to see the price of bitcoin rise when it's just some fringe thing, but not once you can see the endgame getting closer:  a federated digital only slave currency run by jewish money changers.  Fox just the other day was trying to float the idea of social security being issued by "blockchain", so you'd have your identity tied to the thing and they dole you out your stipend that way.  It's pretty fucking obvious they would also expand that to the entire monetary system and then you'd have your digital slave currency they've always wanted to implement where everyone would be forced to transact under the "social security blockchain".

Where does that leave bitcoin?  Bitcoin is almost entirely centralized so they can just attack the giant PoW farms or outlaw it and it's gone instantly and then they force everyone onto govt chain.  Anyone that values freedom should be boycotting anything remotely connected to digital currency at all.  Since it's not possible to solve decentralization, the only possible evolution of craptocurrency WILL BE federated chains run by govt and/or corporations.  Anything related to "blockchain" will be detrimental to humans in general while the only way to defeat the jewish money changers and their debt based slave systems is using physical gold and silver in native coin form.

[1714108967]

1714108967

[1714108967]

1714108967

[jojo69]

list of live right redacted

addendum, keep the intoxicants to a dull roar

[Pajulapoiss]

tonnes of scope for Ver to scam people for the wrong bitcoin

There isn't a right bitcoin because nobody ever solved the problems of decentralization or scaling.  Not to mention decentralization is a problem that's not possible to solve in craptocurrency, rendering the entire exercise pointless and inferior to gold and silver as money which already existed beforehand.

The only way bitcoin could theoretically derive some type of value is from transaction flow and not stock, since it's mostly an imaginary idea/thing in the first place.  You can't store value in an imaginary asset.  It's value could only come from whatever possible utility it provides.  It doesn't have value just from existing (stock)...because it doesn't really even exist.  Gold and silver have actual scarcity.  Bitcoin is based on artificial scarcity.  This makes it similar to fiat from an economics point of view, in that any value over zero is technically a bubble, it's only a question of how long the bubble lasts.  But the market will eventually take the value back down to zero again.  It could come quick and painful like Venezeulan fiat, or longer and drawn out like USD fiat.

So, without trying to take sides on any dumb tertiary issues that I dont' care about between people like Roger Ver, Maxwell, and the Gavinator, the fact is that bitcoin is not decentralized and never will be decentralized, so whether your blocks are big or small doesn't really matter all too much.  From the economics point of view, the bitcoin value should be HIGHLY correlated to scaling (flow) and zero to do with stock because it's a fucking imaginary asset.  So if your goal is just to try and increase the value of your pump and dump (let's face it, that's all bitcoin is because without solving the problem of decentralization, it has zero fundamentals and it's not possible to solve), then you would want to raise scaling at all costs in an attempt to inflate the pump and dump before it inevitably impoldes and people park their money in non-imaginary assets instead.

I remember a time when Roach was posting meme's about his trading profits. I saw a happy Roach in that time.

Roach is not so happy these days, he loves shitting on Bitcoin...i know why!

Roach sold at the bottom

No, it's amusing to see the price of bitcoin rise when it's just some fringe thing, but not once you can see the endgame getting closer:  a federated digital only slave currency run by jewish money changers.  Fox just the other day was trying to float the idea of social security being issued by "blockchain", so you'd have your identity tied to the thing and they dole you out your stipend that way.  It's pretty fucking obvious they would also expand that to the entire monetary system and then you'd have your digital slave currency they've always wanted to implement where everyone would be forced to transact under the "social security blockchain".

Where does that leave bitcoin?  Bitcoin is almost entirely centralized so they can just attack the giant PoW farms or outlaw it and it's gone instantly and then they force everyone onto govt chain.  Anyone that values freedom should be boycotting anything remotely connected to digital currency at all.  Since it's not possible to solve decentralization, the only possible evolution of craptocurrency WILL BE federated chains run by govt and/or corporations.  Anything related to "blockchain" will be detrimental to humans in general while the only way to defeat the jewish money changers and their debt based slave systems is using physical gold and silver in native coin form.

But... the jews and governments already own like 90% of the gold (made up fact). The price of it will be set according to their best interest.
An avarage joe has better chances of gaining the upper hand on governments, jews and banksters by investing in crypto.  Yes not only in bitcoin, but by diversifying investments.

[Anabetsi]

Gox is down here in central illinois and columbus ohio

edit:  the homepage works, it just gives a 702 bad gateway when trying to login

[Rosewater Foundation]

list of live right redacted

addendum, keep the intoxicants to a dull roar

Also try not to be a pedophile. It's unseemly

https://www.reddit.com/r/Buttcoin/comments/7bx9de/gavin_wood_cofounder_of_ethereum_says_in_his_own/

[yefi]

WSJ article is paywalled. Here's an imgur image.

https://i.imgur.com/lycq1NP.png

That last sentence is about as bearish as fk.

Why? The proceedings are in stasis until Vessenes' litigation is either resolved or withdrawn. Mark's lawyer can make whatever sounds he wants.

God damn, ol' magical tux looking pretty trim and smug there.

Whatever he's doing it agrees with him, hasn't looked so good in years...punchable...but good.

It was his fish diet in custody, no kidding.

[jojo69]

Fish you say, hmmmmm.  I may have to arrange to get incarcerated in Japan...NOT for pedophilia.

[LewisPirenne]

I was thinking that Peter Vessenes's trolling forcing creditors into becoming long-term hodlers, was actually helping people to get more than the supposedly 56K JPY per BTC pittance from that settlement.  But the WSJ article is actually suggesting otherwise and that the case may be resolved soon?  Any source/link to that fish diet info?

[Rosewater Foundation]

Anybody else beginning to think dumping BCH might not have been particularly wise?

[TheFlynn49]

Antpool stopped signalling segwit2x.
still 941 btc1 nodes on the net.

I am watching this like milk on the fire, just in case someone get a funny idea next week.

[sgk]

Anybody else beginning to think dumping BCH might not have been particularly wise?

I dumped it @ 0.2 BTC rate. I don't see it reaching that level again, so no regrets.

[Rosewater Foundation]

Anybody else beginning to think dumping BCH might not have been particularly wise?

I dumped it @ 0.2 BTC rate. I don't see it reaching that level again, so no regrets.

Fair play. For 0.2 BTC I'd dump like milk on a fire.

[Ibian]

My remaining clone coins are presently worth a few years of living expenses. Time to dump. Life is excellent.

[savetherainforest]

Anybody else beginning to think dumping BCH might not have been particularly wise?

I dumped it @ 0.2 BTC rate. I don't see it reaching that level again, so no regrets.

I still have mine, haven't split my cold storage wallets.

But, I see a f'-ing huge bear trap now in BTCiTcoin!

Behold

Hearth warming!!!

All these pics with burning bears & bitcoin dinosaurs stuff, just fill my soul with joy!

[yefi]

I was thinking that Peter Vessenes's trolling forcing creditors into becoming long-term hodlers, was actually helping people to get more than the supposedly 56K JPY per BTC pittance from that settlement.  But the WSJ article is actually suggesting otherwise and that the case may be resolved soon?  Any source/link to that fish diet info?

I don't think the WSJ article suggests that the case will be resolved soon, only that creditors wish that it would be. Fluidjax posted a link to an excellent summary of the case here.

As for our scaly friends, that's what turns up in searches for Japanese prison food. You only have to compare the difference between Mark entering and exiting custody:

[ivomm]

kraken USD price: 7230
Euro price: 6040 =7030$. Some traders are completely illiterate!

[Ludwig Von]

kraken USD price: 7230
Euro price: 6040 =7030$. Some traders are completely illiterate!

And 110€ difference between Kraken and Stamp... .

[LewisPirenne]

He looks fabulous now and I actually kind of envy him.

But I am still appalled that the value of BCH+BTG (future)+S2X (future) alone already cover HALF of creditor's claim (in fiat terms).  So technically he could just give creditors those forkcoins, but still keep 90% of BTC and made off like a bandit.  I wouldn't want to be him if he end up with like 180K BTC in the end.

[JayJuanGee]

My remaining clone coins are presently worth a few years of living expenses. Time to dump. Life is excellent.

I only have about 7% of my clone coins remaining - although I have a few more coins that would have been about an additional 1% or perhaps 2% of my stash that are pending issuance from the fuck head coinbase's seemingly scandalous decision to wait until January 1, 2018 to actually issue the coins to their users..   Probably I would have cashed out some of those by now, if I had had access to them.   

I do have a few additional BCH that are kind of tied up in WEX tokens (formerly known as BTC-e) (which WEX tokens are currently trading at about 50% of the value of the actual BCH) - which I consider to be a little bit of a different issue in terms of getting access to BCH.  I generally have not been cashing out of any of my WEX tokens, because WEX has actually said that, at some point (that they have not specified), they are going to 100% for each and every token that they issued, and it has been nearly 2 months since WEX issued tokens, but they have not credited any reimbursement, at all, yet.

Based on the lack of fundamentals of BCH, you would think that this might be the last pump of BCH - however, who really knows for sure.  Coins don't seem to die in cryptolandia - but I suppose if BCH miners begin to dump their coins, then it could be a sign that this is the last pump? 

[explorer]

Actually he looks fabulous now and I actually kind of envy him.

But I am still appalled that the value of BCH+BTG (future)+S2X (future) alone already cover HALF of creditor's claim.  So technically he could just give the creditors those forkcoins, but still keep 90% of BTC and made off like a bandit.  I wouldn't want to be him if he end up with like 180K BTC in the end.

Wouldn't be surprised if he ends up forked into a dead-end chain.  I believe several people are, and will still be, miffed, no matter the legal outcome.  All of them gamblers, most of them now flush with pseudonymous wealth.