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

[HairyMaclairy]

I think there is much more than 1M bitcoins lost.

and when you google for these lost bitcoins stories most are really dated numbers in terms of value.
You literally have to multiply the reported value 15 fold making it even more "head shaking worthy." (for want of a better term)
So for example this familiar story
I'm sure most of the legendaries/heroes in here have heard about the
7500 bitcoins lost valued at over a reported $5 million then that are now worth around $70 million.
And this is just one story of many.
It's mind blowing when you think about it.

No one takes into account the dust left behind everywhere. 

[1714939533]

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[1714939533]

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[bitserve]

That seasteading thing will be an interesting experiment about micro self-ruling.

If people really intends it to live there (instead of just as an excuse for avoiding/reducing taxes elsewhere) it will probably show that most of the problems/fight will come from disagreements on local governance between its members than from any external entity.

I think just about any government system will work with a small amount of people that are there voluntarily and know what they're getting into. The key being the ease of leaving if you don't like it.

I think just about any "government" or governance model will be extremely problematic. I mean, even the small details will be a source for conflict. Probably more so than the "whole picture", which could be easier to agree initially.

People that voluntarily do it? If not for an economical gain they will seek some sort of power/influence in exchange for his implication. If they don't achieve it, more sooner than later they will get frustrated... if they achieve it, then others will feel it unjust (by their own criteria).

Even the little daily issues could potentially be a great source of conflict. Let's just take a very simple and practical example:

Some dudes want to party all the time with music and whores et all. Some others are lone wolf that just want peace and silence. The second ones complaint about the first ones for the music. The first ones complain about other behaviour of the second ones that disturbs them for other reasons... Who is right and who is wrong? Who is in power to decide who have to step back? Yeah, you can leave by yourself... but you feel that it is the other asshole who have to leave not you!

The conflict keeps escalating... until someone goes full McAfee and the international shitshow is served.

It's easy to assemble a group of people that share the same ideals/vision/whatever INITIALLY, but not every one is alike and for sure disagreements and conflict will arise.  At the early stages its all harmony and good intentions... Things change when you REALLY have to live with them every day.

Anyway, I still think it will be a VERY interesting experiment and would like to see how all that potentially conflictive issues get addressed in practice.

[Heater]

Here is another interesting take on the parabolic rise we might see soon.

https://twitter.com/parabolictrav/status/934867944734994434

Parabolic Trav‏
@parabolictrav

The last chart is causing confusion. I'm deleting the top trend line and just showing the current parabolic channel. The top line gives a false idea of it going to $100,000. What I'm really trying to say is the 2 lines are going vertical and converging. $BTC

[lightfoot]

Stuck at 9300-9400. Come on do something......

[pfrtlpfmpf]

I haven’t claimed my BTG yet but from what I’ve read Coinimi looks the best bet to do it safely. Input your old private keys that had bitcoin associated with them at the fork & then your Coinimi account will be credited with BTG.

Personally I’d then move them to bittrex & exchange for bitcoin (exactly what I did with my BCH - but moved from Electron Cash to bittrex instead).

I've used Coinomi to claim some of my BTG and it worked flawlessly. Didn't use a seed, as I had already transferred some BTC to it before the fork, in order to ease the claim process. Important: you need to change the BTG address derivation path in order to get to your claimed coins. The normal Coinomi BTG wallet has a different path and your coins won't show straight away. Don't panic, just Google it, I think there's an official guide for this.

I checked on Coinomi.  they only have an android wallet.   Nothing for windows PC yet.  unless i am missing something.

I am not placing any serious funds on a phone !!!!!  Phones are for play money and coffee/groceries.

I got myself "Andy" from andyroid.net for that purpose.

https://www.andyroid.net/

It´s an Android-Emulator for your desktop, and lets you load any Android-App onto the desktop. Very cool !
With it, i ran Coinomi on my computer and got my BTG this way.


Only thing is, the install of "Andy" managed to sneak Google Chromium and lots of Yahoo-Shit onto my computer, i even used Malwarebytes to get rid of all the Yahoo P.U.P.
So, get rid of that additional shit first, then add Coinomi from Playstore.
(Of course, i moved my Bitcoin to a new wallet first, before handling any private keys ! )

But now it´s great. Very usefull for other Android Apps too . . . .

[Coinnosaurus]

If you are on an iPhone using Safari it’s 10x more secure than a windows PC.  Androids are a joke though.

I suppose you're an apple fan and an expert in vulns bro, could you tell us more about these spreadsheets and what it means?

https://www.cvedetails.com/vendor/49/Apple.html
https://www.cvedetails.com/vendor/1224/Google.html

[sirazimuth]

That seasteading thing will be an interesting experiment about micro self-ruling.

If people really intends it to live there (instead of just as an excuse for avoiding/reducing taxes elsewhere) it will probably show that most of the problems/fight will come from disagreements on local governance between its members than from any external entity.

I think just about any government system will work with a small amount of people that are there voluntarily and know what they're getting into. The key being the ease of leaving if you don't like it.

I think just about any "government" or governance model will be extremely problematic. I mean, even the small details will be a source for conflict. Probably more so than the "whole picture", which could be easier to agree initially.

People that voluntarily do it? If not for an economical gain they will seek some sort of power/influence in exchange for his implication. If they don't achieve it, more sooner than later they will get frustrated... if they achieve it, then others will feel it unjust (by their own criteria).

Even the little daily issues could potentially be a great source of conflict. Let's just take a very simple and practical example:

Some dudes want to party all the time with music and whores et all. Some others are lone wolf that just want peace and silence. The second ones complaint about the first ones for the music. The first ones complain about other behaviour of the second ones that disturbs them for other reasons... Who is right and who is wrong? Who is in power to decide who have to step back? Yeah, you can leave by yourself... but you feel that it is the other asshole who have to leave not you!

The conflict keeps escalating... until someone does "a McAfee" and the international shitshow is served.

It's easy to assemble a group of people that share the same ideals/vision/whatever INITIALLY, but not every one is alike and for sure disagreements and conflict will arise.  At the early stages its all harmony and good intentions... Things change when you REALLY have to live with them every day.

Anyway, I still think it will be a VERY interesting experiment and would like to see how all that potentially conflictive issues get addressed in practice.

So if you did live out on a floating oasis in the middle of nowhere,
whats the point of being rich? There's no where to spend your bitcoins is there?
What the hell would you do all day? You might as well buy one of those condos
on those wacking great big obscene cruise ships and endlessly float round the world
playing shuffleboard and baccaret and attend nightly Elvis Presly lookalike concerts or some such thing.
Of course then you'd have to deal with all the rich wrinklies....so maybe not...
 ...or am I missing something?

[gentlemand]

What the hell would you do all day?

Not pay tax.

[sirazimuth]

What the hell would you do all day?

Not pay tax.

where do I sign up?

[TERA2]

I see multiple people drawing logarithms on a logarithmic chart. Why dont you just find a different log base and have a line on the chart?

[criptix]

BTC EXPONENTIAL


(copyrighted in case a random guys wants to make a fork named after that)

[AlcoHoDL]

Bcash is pumping. Brace yourselves for battle...

Edit: Not as fast as I thought. Good! I hope Bitcoin holds...

[infofront]

Bcash is pumping. Brace yourselves for battle...

Edit: Not as fast as I thought. Good! I hope Bitcoin holds...

VerWu can't let BTC outgrow their baby too much.

They may still be big fish now, but when institutional investors really get onboard, VerWu will be minnows in the ocean.

[Heater]

Bcash is pumping. Brace yourselves for battle...

Edit: Not as fast as I thought. Good! I hope Bitcoin holds...

Those guys don't even know how to renew an SSL certificate. My advice is to stay away.

[bitserve]

So if you did live out on a floating oasis in the middle of nowhere,
whats the point of being rich? There's no where to spend your bitcoins is there?
What the hell would you do all day? You might as well buy one of those condos
on those wacking great big obscene cruise ships and endlessly float round the world
playing shuffleboard and baccaret and attend nightly Elvis Presly lookalike concerts or some such thing.
Of course then you'd have to deal with all the rich wrinklies....so maybe not...
 ...or am I missing something?

Uhhh, I don't know. That seasteading thing is not for me.  Even if they managed to live happily and in great harmony I prefer land over sea any time. No contest there for me. Also I think it would be more expensive than traditional lifestyle plus I would feel like living in the complete opposite of "freedom" for my taste... but I can understand that there are people with very different tastes.

Maybe they don't really intend to spend their whole time living on the seastead and it is just an excuse to avoid taxes. Donno, time will tell.

[windjc]

We are approaching the 9500$ target masterluc set a year or so ago as the top of this wave. Now I'm not sure if he has revised this (I think he has) but I would not be surprised to see a big correction at these levels.

Here is that graph: https://www.tradingview.com/chart/BTCUSD/MrwPhbog-Long-Term-Bitcoin-price-extrapolation/

He just posted again three hours ago reiterating his current forecast:

Where is the post from 3 hours ago? I can't find it.

[DARKHOLDER]

I think there is much more than 1M bitcoins lost.

Actually more than 4m btc lost...today see this  https://bitcointalk.org/index.php?topic=2460853.0

[infofront]

Where is the post from 3 hours ago? I can't find it.

https://vk.com/bitcoin_vanga

[DaRude]

Bcash is pumping. Brace yourselves for battle...

Problem with that, is that they're creating a hungry monster that needs to be fed daily! By design, the cost of generating new coins should be close to the value of those coins plus a small profit margin. By chasing BTC and pumping BCH they're also indirectly pumping their difficulty, or the daily cost to run the chain. About 1800 new coins per day at $1700, thats over $3MM REAL costs that need to be absorbed daily. Expensive hobby, the big question is how deep are their pockets and how long are they willing to keep this up?

[explorer]

I think there is much more than 1M bitcoins lost.

and when you google for these lost bitcoins stories most are really dated numbers in terms of value.
You literally have to multiply the reported value 15 fold making it even more "head shaking worthy." (for want of a better term)
So for example this familiar story
I'm sure most of the legendaries/heroes in here have heard about the
7500 bitcoins lost valued at over a reported $5 million then that are now worth around $70 million.
And this is just one story of many.
It's mind blowing when you think about it.

No one takes into account the dust left behind everywhere. 

I have one inaccessible wallet containing enough for a good night out year's salary.  The other one has only dust  enough for a really good night out.  Still only makes me smile and shake my head at my own stupidity.

To be revisited after the next batch of zeroes are handed out.