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

[Last of the V8s]

It seems like every time one of the US regulatory bodies gets an opportunity to talk about the crypto space, it is positive. It makes you wonder why they are so supportive?

Now, law enforcement is a different story. Individual officers are just trying to get awards and medals for arresting people. Whenever there is a gray area, there is an opportunity for an inventive law enforcement officer to make a move to better their career standing. That isn't necessarily in line with the government's desires.

Why is the US Government so supportive?

They're supportive of 'the crypto space', of 'blockchain' and other distractions, but they admit there's nothing they can do about bitcoin.

The ECB admitted this a while back already as well. I was expecting more of a fight. What else could they possibly (try to) do after essentially admitting that they are powerless?

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[realr0ach]

Get over the rage roach. Nobody likes incoherent assholes. Work on solutions. And basic human socializing.

Lol?  You want to sell out humanity for a few pennies by promoting the non-fungible, cashless society slave system and then whine about me pointing it out?  Fuck off, Judas.  There is no need to "work on solutions".  The solution is already here for the last several billion years provided by nature:  physical metals as money - the only thing that actually removes middlemen and counterparty risk, unlike bitcoin with it's built-in rent seeking middlemen and non-fungible permisioned ledger state.

[JayJuanGee]

Many many words...

+10 WOsMerits  

Somewhere back we where having a delightful conversation...its buried and half forgotten.  
*Hugs*   ....moving forward.

Ditto...

It's like nothing happened, until we get into another BIG HUGE fight, and then at that time, any kind of historical (or hysterical) remnant, whether true or not, will become fair ammunition.  

Projecting our future:

[bitserve]

Talking about Judas... Didn't he sell Jesus for thirty pieces of SILVER? #randomthought

Thirty pieces of silver is almost worthless nowadays #justanotherrandomtought

[BTCMILLIONAIRE]

Many many words...

+10 WOsMerits  

Somewhere back we where having a delightful conversation...its buried and half forgotten.  
*Hugs*   ....moving forward.

Ditto...

It's like nothing happened, until we get into another BIG HUGE fight, and then at that time, any kind of historical (or hysterical) remnant, whether true or not, will become fair ammunition.  

Projecting our future:

Stap. You're supposed to hate each other for having differences in opinion. Have you learned nothing from politics?

[realr0ach]

Talking about Judas... Didn't he sell Jesus for thirty pieces of SILVER? #randomthought

Thirty pieces of silver is almost worthless nowadays #justanotherrandomtought

I'm not even religious but Jesus would beat the shit out of you cucks.  No, there is no 'fixing' it.  Shitcoin has built-in rent seeking middlemen.  It will always be usurious in nature.  The fact that it's not fungible while transaction validators are designed to centralize also makes it a nightmarish, Orwellian, permissioned ledger to boot.  

#thegoyimknow

#physicalsilverovergarbagebitcoin

[JayJuanGee]

JJG:  we can talk about it later after the kids have gone to bed.

At the time of my earlier post, I was having a brain fart (regarding whatever the fuck EDA was referring to), and largely it was due to my not having had given much of a ratt's ass about Bcash (and maybe trying to put some of the history of it behind my thinking) - but I figured out what was EDA after I saw it used in another context in another post by a member who shall remain unnamed (Edit: and later in the thread such other not to be named member specifically answered dee question - a shill but ended up being a helpful one - not that I am going to agree now).

Just for others EDA = Emergency Difficulty Adjustment  - which was not just a one time thing in Bcash, and it ended up in some kind of stupid-ass hardfork in Bcash in November 2017 to make further adjustments.. some of which was described in this October 31, 2017 article.

[explorer]

Shares on a public blockchain are going to be a thing. Real shares.  Like Apple and Amazon and even Berkshire Hathaway.  Not this pretend kindergarten shit we have had so far.

But Bitcoin needs a way to record and transfer these shares.  Like colored coins.  There are a bunch of contenders for which public blockchain will win.  It will not be Ripple or Stellar. ETH is the obvious threat but they have their own problems right now.  

Do you mean all the ICO's and erc20 stuff from basically 2017?

Yes.

The legislation to support the changes is coming. It will start in the smaller, more agile countries and spread into places like the US.

Problem is that even if they wanted to meant those tokens to be shares that would make the SEC involved. So, currently, those just useless tokens with no representation of ownership.

The SEC will be involved and will bless it. It will all be fully legit. 

Blockchain makes it impossible to rehypothecate  (hmm, not quite the right term, but best I can come up with ATM), so it will not be embraced for equities until it is forced on them.  Ever tried to get a certificate for a stock you 'own'?  Since the broker sold it to 50 different people (number out of my ass) and never bought it in the first place, it is next to impossible.  But very, very profitable!  If I can make time for it, I'll try to dig up some of the articles on it.  Horrifying and fascinating at the same time...

[HairyMaclairy]

JJG:  we can talk about it later after the kids have gone to bed.

At the time of my post, I was having a brain fart (regarding EDA), and largely it was due to my not giving much of a ratt's ass about Bcash - but I figured it out after I saw it used in another post by another member who shall not be named.

Just for others EDA = Emergency Difficulty Adjustment  - which was not just a one time thing in Bcash, and it ended up in some kind of stupid-ass hardfork in Bcash in November 2017 to make further adjustments.. some of which was described in this October 31, 2017 article.

More importantly it allowed the Bcash team to premine Bcash under everyone’s noses.  The Bcash team likes to pretend this was an accident but they modeled it very carefully and the algorithm worked exactly as intended.  

[HairyMaclairy]

Shares on a public blockchain are going to be a thing. Real shares.  Like Apple and Amazon and even Berkshire Hathaway.  Not this pretend kindergarten shit we have had so far.

But Bitcoin needs a way to record and transfer these shares.  Like colored coins.  There are a bunch of contenders for which public blockchain will win.  It will not be Ripple or Stellar. ETH is the obvious threat but they have their own problems right now.  

Do you mean all the ICO's and erc20 stuff from basically 2017?

Yes.

The legislation to support the changes is coming. It will start in the smaller, more agile countries and spread into places like the US.

Problem is that even if they wanted to meant those tokens to be shares that would make the SEC involved. So, currently, those just useless tokens with no representation of ownership.

The SEC will be involved and will bless it. It will all be fully legit.  

Blockchain makes it impossible to rehypothecate  (hmm, not quite the right term, but best I can come up with ATM), so it will not be embraced for equities until it is forced on them.  Ever tried to get a certificate for a stock you 'own'?  Since the broker sold it to 50 different people (number out of my ass) and never bought it in the first place, it is next to impossible.  But very, very profitable!  If I can make time for it, I'll try to dig up some of the articles on it.  Horrifying and fascinating at the same time...

Blockchain will be used for settlement not trading. So if you allow your cryptoshares to stay in your brokers’ account they may be lent without your permission.  Not your keys etc.  

Brokers (not exchanges) are most at threat of disruption.  At least until decentralized exchanges stop being a shit show. Then the revolution really kicks in and exchanges go the way of the dodo too.

[Vin]

Attac!

[JayJuanGee]

JJG:  we can talk about it later after the kids have gone to bed.

At the time of my post, I was having a brain fart (regarding EDA), and largely it was due to my not giving much of a ratt's ass about Bcash - but I figured it out after I saw it used in another post by another member who shall not be named.

Just for others EDA = Emergency Difficulty Adjustment  - which was not just a one time thing in Bcash, and it ended up in some kind of stupid-ass hardfork in Bcash in November 2017 to make further adjustments.. some of which was described in this October 31, 2017 article.

More importantly it allowed the Bcash team to premine Bcash under everyone’s noses.  The Bcash team likes to pretend this was an accident but they modeled it very carefully and the algorithm worked exactly as intended.  

Well we also know that the whole fucking Bcash thingie-ma-jiggie was a scam on several levels and a continued attack vector on bitcoin and provided an opportunity to perpetuate ASIC's boost based on insider access to the ASIC's boost technology, and remains somewhat questionable why anyone would go along with their being used to support bcash in any kind of way - but surely there could have been some neutral miners that were able to time some in and out profitable plays... but yeah, ultimately scamming on a variety of levels that also likely includes misleading newbies into NOT being able to differentiate snake oil from the real deal.

[BTCMILLIONAIRE]

Shares on a public blockchain are going to be a thing. Real shares.  Like Apple and Amazon and even Berkshire Hathaway.  Not this pretend kindergarten shit we have had so far.

But Bitcoin needs a way to record and transfer these shares.  Like colored coins.  There are a bunch of contenders for which public blockchain will win.  It will not be Ripple or Stellar. ETH is the obvious threat but they have their own problems right now.  

Do you mean all the ICO's and erc20 stuff from basically 2017?

Yes.

The legislation to support the changes is coming. It will start in the smaller, more agile countries and spread into places like the US.

Problem is that even if they wanted to meant those tokens to be shares that would make the SEC involved. So, currently, those just useless tokens with no representation of ownership.

The SEC will be involved and will bless it. It will all be fully legit.  

Blockchain makes it impossible to rehypothecate  (hmm, not quite the right term, but best I can come up with ATM), so it will not be embraced for equities until it is forced on them.  Ever tried to get a certificate for a stock you 'own'?  Since the broker sold it to 50 different people (number out of my ass) and never bought it in the first place, it is next to impossible.  But very, very profitable!  If I can make time for it, I'll try to dig up some of the articles on it.  Horrifying and fascinating at the same time...

Blockchain will be used for settlement not trading. So if you allow your cryptoshares to stay in your brokers’ account they may be lent without your permission.  Not your keys etc.  

Brokers (not exchanges) are most at threat of disruption.  At least until decentralized exchanges stop being a shit show. Then the revolution really kicks in and exchanges go the way of the dodo too.

Just for clarification. You're saying that classic exchanges will go the way of the dodo, not decentralized ones, right?

[bitserve]

Attac!

Uh? We are discussing important things here. Don't try to distract us with price related shit.

[Deeyoh]

Over 11.4k now.  Oh the horror.. bear tears are the sweetest.  :

[realr0ach]

Attac!

Uh? We are discussing important things here. Don't try to distract us with price related shit.

There is no bitcoin price, only Bitfinex fraud.  Whether they're just another rogue Gox 2.0, or if their fraud is sanctioned by the bankers with people like Goldman Sachs/ESF operating on their exchange to artificially rig the bitcoin price is the only question.  This is an exchange that naked shorted the halving, had the trade go against them, then they stole ALL customer funds afterwards and absolutely nothing happened to them.  Receiving zero punishment for such activity makes it kinda seem like they have TBTF banker involvement on their exchange.

[JayJuanGee]

Please everybody, can we just stop responding to and quoting the annoying one!

Hahahahahaha..

You must feel good   because for once that is not you.

 

[marcus_of_augustus]

[Toxic2040]

Attac!

Uh? We are discussing important things here. Don't try to distract us with price related shit.

[realr0ach]

How is that $2.2 billion Tether audit at Scamfinex going, guys?