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

[BTCMILLIONAIRE]

ok stupid question time again.

what does "iT" stand for?? i see it all the time and cant figure it out from its usage.

With me its because of the stupid iPhone word correct.... make allways iT from it.....

Damn Apple trying to take credit for the entire IT industry.

and every "it" that ever was!

If you believed (contemporary) Apple fans that would actually be true. If I had never seen how ridiculous human behaviour can get I wouldn't believe God himself if he descended and told me that Apple was the most successful company on planet earth. I was very fond of it under Jobs, when the first iPods came out at a time where MP3 players barely fit a single album, but holy fuck has Apple turned into unimaginative and uninnovative shit.

[moneyForjam]

hourly fix indicates a bear party just round the cnr

[BTCMILLIONAIRE]

https://bitcoinist.com/infraud-kingpin-arrested-100000-bitcoins-seized-thai-police/

100000 BTC? Fake news anyone?

I am not believing that number. I guess instead of getting pictures next to huge piles of drugs and money they can just say "we found 20 million bitcoins on his computer".

Yup, it doesn't make sense for soooo many reasons:

1- Even if that amount were total revenue is still a lot for that marketplace nowadays

2- Much less if it is profit, as it should be in order to be stashed and sizeable

3- Even if it were (well, it isn't) it is VERY improbable that someone "owning" that amount would have not stopped and run long ago. Because, 1) if your dark market is so huge you know it will be taken down very soon 2) Being able to cash out that much is basically impossible if you can't prove a legit origin... so why risk trying to make more?

4- If all the previous is not enough.... He would have take precautions to split and secure his stash in different ways as to making basically impossible to seize it all, or even a major part of it. So... should be assume his holdings/profits were even higher that 100,000BTC?

Yeah, complete bullshit... I don't even think we are talking here about 10,000BTC seized.... but, at least, that would have been a somewhat reasonable figure. Most probably they sized almost NIL and that is just an "estimation" of what could be "inside" the seized equipment of the evil kingping.

If the profits were accumulated over several years then 100,000 BTC wouldn't really be a lot. Especially if they reinvested some of the proceeds into altcoins. Even at last year's $1000 per BTC the profits would "only" have to be 80~100 million. Go another year back and you're in the several dozen million range, which I don't think would be all that far fetched for a large scale drug operation. And turning 10m into 100m with altcoins over a span of one year wasn't really all that hard even with blind spray and pray "tactics", which could realistically result in $1 Billion worth of BTC today with 2-3 year operation.

Also, your point #4 assumes foresight on the guy's part. And based on how some of the darknet markets apparently got busted that would be quite a stretch. Apparently one market had the admin literally use his real fucking real email for both the market registration or newsletter (don't remember) and on public forums that had direct ties to his real identity.

People who go into ventures like drug dealing are not the sharpest spoons in the drawer. If they were, they would be making money without compromising their security (getting murdered and/or jailed) by producing something of value or playing the existing markets.

[HairyMaclairy]

WTF SPIKE.  Fat finger surely?

[Last of the V8s]

[Neo_Coin]

[Last of the V8s]

... countries are to a large extent just pawns on the chessboard of a few mentally deranged clowns that care more about stupid games than advancing humanity. I wonder how many more revolutions and generations it will take before governments either disappear entirely or start acting in the interest of humanity.

One revolution and one generation.
Because Bitcoin exists, and that is enough. ™®

[RoomBot]

https://bitcoinist.com/infraud-kingpin-arrested-100000-bitcoins-seized-thai-police/

100000 BTC? Fake news anyone?

Bitcoinshit Bitcoinist is the Cryptsy of crypto news.

Their Editor Scott Fargo, (freak on the left) was balls deep in the Josh Garza Paycoin scam:



OOOPS!  Looks like Scott got the boot again! https://bitcoinist.com/about-us/

[Phil_S]

I heard train pictures help?

[jojo69]

I heard train pictures help?

nice one!

[White sugar]

Test $10k this time or just another failed test to get past to $9k?

[BTCMILLIONAIRE]

... countries are to a large extent just pawns on the chessboard of a few mentally deranged clowns that care more about stupid games than advancing humanity. I wonder how many more revolutions and generations it will take before governments either disappear entirely or start acting in the interest of humanity.

One revolution and one generation.
Because Bitcoin exists, and that is enough. ™®

There's also AI and computing power. So it's certainly not impossible. I wouldn't be all that surprised if some of us ended up in the last generation to miss out on longevity breakthroughs given that such research has been gaining more traction and financing in recent years (on top of technological and scientific advances).

[El duderino_]

Test $10k this time or just another failed test to get past to $9k?

Let the 5-digits Roll in ......

[Last of the V8s]

kidnap me!

better, but refinements required

reads WO thread, does not immediately shout 'crypto-billionnaire'

[Neo_Coin]

[TERA2]

[Last of the V8s]

... countries are to a large extent just pawns on the chessboard of a few mentally deranged clowns that care more about stupid games than advancing humanity. I wonder how many more revolutions and generations it will take before governments either disappear entirely or start acting in the interest of humanity.

One revolution and one generation.
Because Bitcoin exists, and that is enough. ™®

There's also AI and computing power. So it's certainly not impossible. I wouldn't be all that surprised if some of us ended up in the last generation to miss out on longevity breakthroughs given that such research has been gaining more traction and financing in recent years (on top of technological and scientific advances).

You lost me. There's no AI. https://www.technologyreview.com/s/609048/the-seven-deadly-sins-of-ai-predictions/ https://www.edge.org/conversation/jaron_lanier-the-myth-of-ai . It's one of your 'stupid games', as per quantum computing.
meh some of us have lived quite long enough

[BTCMILLIONAIRE]

... countries are to a large extent just pawns on the chessboard of a few mentally deranged clowns that care more about stupid games than advancing humanity. I wonder how many more revolutions and generations it will take before governments either disappear entirely or start acting in the interest of humanity.

One revolution and one generation.
Because Bitcoin exists, and that is enough. ™®

There's also AI and computing power. So it's certainly not impossible. I wouldn't be all that surprised if some of us ended up in the last generation to miss out on longevity breakthroughs given that such research has been gaining more traction and financing in recent years (on top of technological and scientific advances).

You lost me. There's no AI. https://www.technologyreview.com/s/609048/the-seven-deadly-sins-of-ai-predictions/ https://www.edge.org/conversation/jaron_lanier-the-myth-of-ai . It's one of your 'stupid games', as per quantum computing.
meh some of us have lived quite long enough

Have you studied AI/ML? There is no myth of AI, unless you're trying to argue about whether or not it is conscious in a way that humans are.

And at that point you can only guess anyways, since we don't even know what human consciousness is or how it works, and I certainly don't even know if you have an experience of the world that is in any way comparable to mine or even any at all.

ML/AI does fundamentally what humans do, which is gathering and assimilating information, and with higher computing power and other breakthroughs (physical interfaces for example), they will be producing tangible goods that will be beyond the sophistication of anything humanly possible. We already have algorithms that can fine tune other algorithms and there are first rudimentary steps towards algorithms programming programs (one example being an algorithm that "looks" at video footage of a game that recreates the underlying game engine).

These algorithms are fundamentally just applied statistics, which is just applied Mathematics, which is equivalent to human interactions with the world in the most abstract form that we are aware of. None of these are a myth.

P.S. I looked at the guy's bio and he's a computer scientist. As such, I don't really care too much about his opinion since he's not qualified to assess what AI is and what it is not, since as I've mentioned it's an extension of Mathematics, not of computer science. Will read once I got some food though.

[JayJuanGee]

really keen to see a move out of the 8610-7750 area

I doubt that there is any reason to get excited until we break one way or another in a broader range than the one you are suggesting, such as $6666 for the bottom and $10k for the top.  Otherwise, no reason to get excited or write home about or try to prognosticate some kind of deeper merely because we are bouncing around and even breaking out in a smaller kind of way... gotta think BIGGER mFj.  

umm does that mean we have to talk "power toppers" and "guys going either way"?

Seems that we can talk anything that we want - as long as we are not trolling and pumping out disingenuous disinformation regarding bitcoin.

I am not too keen on some of the IQ discussion or the racial sexist bullshit, so sometimes we do need to filter through that kind of substance in order to read some more interesting bitcoin related posts.

I will say that I kind of agree with you regarding the implications of a "professional" power top, and probably a better phraseology would have been for Bob to have self-described as an experienced power top or something like that, but I don't know details about Bob, except that he does seem to have decent amount of on-topicness in this thread, even when he is telling trolls to FUCK off.... haahahahahah... and I don't think that Bob is attempting to mislead anyone about anything, even though we all emphasize matters from time to time in ways that might be a bit stirring for some folks who have different life experiences and depending on the audience.  

Now you, on the other hand, we have no fucking clue about the extent of your genuineness (except that it appears that you are not genuine  nor credible) with your repetitive conclusionary talking points, which are typical traits of trolls... to pump out distracting arguments, but fail and refuse to provide credible decent personal details that would cause us to conclude that you are an actual genuine person, rather than merely a paid shill that might be smart, but really makes a lot of dumbass points in order to distract us from really discussing substantive and meaningful bitcoin matters.  I don't have too much hope in your nonsensical pattern, so far.  

oh wow...think I need a serious cup of crushed bull soul on ice to ponder all you have said, mr genuine.

btw where did you get the 6666 level from anyway?

Get the fuck out of here with your patronizing nonsense and your attempt to act like you have some kind of superior knowledge when you don't...

And your case for supposed superior knowledge is undermined further by both your newbie status and your coming into the thread with guns ablazed and acting like you know your way around here.  I don't need to defend my numbers, especially to a poster like you who has been on the forum and in this thread in your current persona for only a couple of days and is already engaging in ad hominem attacks and denigrating of the ideas and online personas of your thread (and forum) status superiors.    

[Last of the V8s]

Actually those came up on a quick search of 'debunk AI'. The best debunks by the best mathematicos will be in the logs http://btcbase.org/log-search?q=AI and here's a normal https://twitter.com/GrandpaRobot
It all comes down to there being no such thing as a real computer.