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

[the artful bodger]

Yes, that's all of us on here tonight. I was wondering WTF I'm doing on this forum tonight. It's because I have no life except crypto at present.

[gentlemand]

Yes, that's all of us on here tonight. I was wondering WTF I'm doing on this forum tonight. It's because I have no life except crypto at present.

Nah. It's the shittest night of the year. Fuck NYE. Anyone paying $30 to get into some bar that's usually free to have a crap time surrounded by fucksticks and shit heels is a cock honker.

[jojo69]

"cock honker"

[the artful bodger]

Yes, that's all of us on here tonight. I was wondering WTF I'm doing on this forum tonight. It's because I have no life except crypto at present.

Nah. It's the shittest night of the year. Fuck NYE. Anyone paying $30 to get into some bar that's usually free to have a crap time surrounded by fucksticks and shit heels is a cock honker.

True, and nobody knows what to do at midnight, so they usually congregate around the nearest giant clock in the freezing cold, cheer at midnight, then endure a five hour wait for a taxi back home.

[sirazimuth]

Yes, that's all of us on here tonight. I was wondering WTF I'm doing on this forum tonight. It's because I have no life except crypto at present.

Nah. It's the shittest night of the year. Fuck NYE. Anyone paying $30 to get into some bar that's usually free to have a crap time surrounded by fucksticks and shit heels is a cock honker.

well I'll go out on a limb here and posit you won't be chanting auld lang syne with a retarded looking party hat on....

[gentlemand]

well I'll go out on a limb here and posit you won't be chanting auld lang syne with a retarded looking party hat on....

No. If anybody turned up at my secret location and did that I'd goose them and stamp on their face until they were dead.

[realr0ach]

Will you have some patience? It looks like LN is coming soon enough.

You cannot be serious.  Do you actually know what LN is?  I'll tell you what it is.  LN is nothing more than establishing bitcoin banks on top of the blockchain.  All of the exact same regulation traditional banks have will be applied to them and bitcoin will be virtually identical to your current banking system.  The only reason it hasn't happened yet is because it's too difficult for them to play whack-a-mole with regulating miners, but the LN "nodes" aka banks are less ambiguous in nature and will be regulated to infinity just like any normal financial services provider or bank.  

The costs, compliance, and amount of lawyers needed will be so high only entities like JP Morgan and Goldman Sachs will run them.  This is how crony capitalism works.  You introduce regulation with compliance requirements and fees so high that only your existing monopoly can participate while all small competitors are eliminated.

Nevermind the fact LN doesn't function in a decentralized manner in the first place.  There is also ZERO incentive for LN nodes aka banks to broadcast transactions to external peers.  There is actually incentive for these bitcoin banks to FORCE a hub and spoke model or cartel collective in order to hold their users hostage for usury fees (just like regular banks do). There's also nothing that stops them from changing usage of bitcoin as settlement to ripple, US dollars, or anything else.  I wrote more on why LN is unworkable on the technical side here:

https://bitcointalk.org/index.php?topic=178336.msg26860586#msg26860586

I wouldn't have any problem in additional layers more or less de/centralised. You shouldn't too, as they are all optional... just additional layers!

No, they are not "optional" when base block size is held artificially low to have astronomical fees.  LN is a trojan horse to turn bitcoin into a mirror image of the already existing banking system no matter how you look at it for reasons I described above.  

[vapourminer]

Yes, that's all of us on here tonight. I was wondering WTF I'm doing on this forum tonight. It's because I have no life except crypto at present.

Nah. It's the shittest night of the year. Fuck NYE. Anyone paying $30 to get into some bar that's usually free to have a crap time surrounded by fucksticks and shit heels is a cock honker.

True, and nobody knows what to do at midnight, so they usually congregate around the nearest giant clock in the freezing cold, cheer at midnight, then endure a five hour wait for a taxi back home.

whats going on here. private club, its builds a huge clock just for you folks, after a limo takes to your private jet and yall go home.

or am i in the wrong thread?

[bones261]

This tax thing confounds me. I went to this web page https://bitcoin.tax/, paid the $20.00 and do not care for the results, so far.   I'll decide what to do about it come March, maybe. My partner says, "Fuck it," but I don't want to risk a potential big hassle down the line. I truly hate the IRS.

[Neo_Coin]

[Toxic2040]

Yes, that's all of us on here tonight. I was wondering WTF I'm doing on this forum tonight. It's because I have no life except crypto at present.

Nah. It's the shittest night of the year. Fuck NYE. Anyone paying $30 to get into some bar that's usually free to have a crap time surrounded by fucksticks and shit heels is a cock honker.

True, and nobody knows what to do at midnight, so they usually congregate around the nearest giant clock in the freezing cold, cheer at midnight, then endure a five hour wait for a taxi back home.

whats going on here. private club, its builds a huge clock just for you folks, after a limo takes to your private jet and yall go home.

or am i in the wrong thread?

Thats what I was thinking...wtf??  

[xhomerx10]

well I'll go out on a limb here and posit you won't be chanting auld lang syne with a retarded looking party hat on....

No. If anybody turned up at my secret location and did that I'd goose them and stamp on their face until they were dead.

 Let that be a warning to all ya'll would-be New year's carollers....

[lightfoot]

will still owe IRS and State taxes of about 12k....running out of crap to buy

(xerox machine...I guess I always wanted one)

yep you nailed it

Yup. I just picked up a reflow oven, much easier way to de-glom boards that had the solder extrude from heat. Should be fun to try that out, just have to run it in the work shed because man they can stink with kestrel flux....

Feb's credit card bills will be a bitch; hope Bitcoin's up by then.

[Arriemoller]

I'd rather pay 200K for a Vanuatuan passport and a 1-way ticket.

Yeah, well, I ain't gonna fight the IRS on what they are due. That's just a bad time right there and too much stress.

I'm a proud, patriotic American Citizen.

Fuck you.

It's less stressful, possibly overpaying on quarterly taxes, than needing to stress about the prospect of a FUCKING MASSIVE bill due on April 15th if you didn't play by the rules.

Trust me. Having to deal with a FUCKING MASSIVE payment on April 15th is much more painful than making "very healthy" payments, quarterly, to the IRS.

It drives my partner crazy - that I round up to the nearest quarter-thousand when it comes to paying taxes - but I've been on the other side of owing FUCKING MASSIVE back taxes, and that's not something I ever want to deal with again in my lifetime.

I got a letter from the taxman the other day saying I owe the state the equivalent of 10 cents, that's slightly less then the postage .

[LewisPirenne]

well I'll go out on a limb here and posit you won't be chanting auld lang syne with a retarded looking party hat on....

No. If anybody turned up at my secret location and did that I'd goose them and stamp on their face until they were dead.

 Let that be a warning to all ya'll would-be New year's carollers....

Wait, wait.  People do know that in certain parts of the world, Auld Lang Syne are literally sang by school kids at graduation and at the end of school, right?

Happy 2018 and hopefully it will be another great year for Bitcoin, just as 2017.

[Arriemoller]

And HAPPY NEW YEAR TO EVERYBODY!!!

[Rosewater Foundation]

I have three anal fissures and a polyp. Is XRP sensitive enough for my needs?

LAMBCHOP I KNOW ITS YOU.

WHERE IS STOLFI


 

At least return the pelvis...

If I remember rightly Bob was the last to hold the sacred pelvis...

[jojo69]

vile

[Rosewater Foundation]

vile

Not at all. The sacred pelvis is an honor.

Happy New Year, you degenerates.

[JimboToronto]

Anyone paying $30 to get into some bar that's usually free to have a crap time surrounded by fucksticks and shit heels is a cock honker.

That's because they're doing it wrong.

Right now (about 7:30PM local time) I'm chowing down to an inexpensive home-cooked dinner to make sure I'm not drinking on an empty stomach. I'm about to draw a bath to keep from wanting to nod out after eating a large meal.

By about 10:00PM I'll show up at the local where some friends are playing. By then they'll have finished their first set and be warmed up. Lucky me, I don't have to play tonight although I'll probably get called up for a few songs.

There's almost never a cover (none tonight) but even if there were I'd just go around back and go in through the kitchen. I'll be surrounded by friends and neighbors. Drinks are cheap and people are always buying rounds. Some people call it a "dive bar" but I'll take it any time over some over-priced trendy shithole full of poseurs and hipsters.

Hopefully I'll get lucky but even if I end up coming home alone I'll have a good time and not spend too much money.

Happy New Year all!