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

[Ivor Biggun]

Also, I don't like the concept of the stellar foundation tracking every bitcoin registered for its snapshot, then cross referencing that information with the other data it sucked out of people's facebook accounts. I didn't register for its snapshot, but it's a privacy nightmare for anyone who did.

A bit late, but maybe useful for a next time: the Stellar airdrop worked fine with a fake Facebook account. You could even register one through Tor (facebookcorewwwi.onion) and claim Stellar.

I wouldn't have believed it would let you register through tor unless you had told me. Is that an official facebook feature?

The guy who started the stellar foundation is also responsible for starting gox and ripple. With that track record I don't trust him.

Let's just say he's very good at earning money for himself. But indeed, he's not on my crypto-trust-list.

He negotiated getting about 10% of all gox's ongoing profits after selling it, and if Karpeles gets billions from its remaining bitcoins the stellar guy will probably get his 10%.

[Raja_MBZ]

Ignore the green/red combination of candles, but this is something that's probably gonna happen in next 3 days:

Bitcoin still following up that.

We're going for a pump soon to 9k, hopefully:

[Torque]

You do realize that as soon as there is an increased demand for transactions again, fees will go through the roof again, right?

So you are saying that we need to architect for speculative, pump-and-dump throughput that happens over a few month period every 2-3 years? It literally sounds like you are saying that. That was never the use case nor the purpose of Bitcoin.

Maybe you should get your head out of your ass so you can better hear what I am saying instead of making up your own shit.

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.

And Lightning Network is the answer to that. Not just more block size pile on.

The amount of people using bitcoin worldwide is still quite tiny.  I would hope that it is our goal to increase our userbase and thus the amount of places and people that accept your bitcoins.

Again, block size increases have nothing to do with the promotion of increasing userbase or merchant adoption. If that were the case, merchants and end users would be going crazy for BCash right now.

News flash, Walter Cronkite: They aren't.

[Ivor Biggun]

tl;dr: 1/4 of a 4% tax payment obligation on $nM, delayed a quarter, is a reasonable penalty in a down crypto market - assuming we don't head even lower in Q2.

Will take my chances and HODL.

I was only joking.

Fucking Bitcorn. Last week of the quarter, and no fucking way I'm selling 4 digit USD Bitcorns.

Here's hoping for a miracle over the next 4 days, folks.

Hodl your bitcorns.

[Spaceman_Spiff_Original]

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.

And Lightning Network is the answer to that. Not just more block size pile on.
Again, block size increases have nothing to do with the promotion of increasing userbase or merchant adoption. If that were the case, merchants and end users would be going crazy for BCash right now.
News flash, Walter Cronkite: They aren't.

I already addressed that in my original post...

Of course, LN might give us a lot of leeway, but eventually block sizes will need to be increased.

Dryja and Poon specifically mentioned the need to eventually increase block sizes in the original LN proposal.

[yefi]

He negotiated getting about 10% of all gox's ongoing profits after selling it, and if Karpeles gets billions from its remaining bitcoins the stellar guy will probably get his 10%.

He sold his stake in Gox when they went bust to some company for $1 iirc.

In any case, the guy has made a shitload from XRP. I forget all the numbers, but he owns a greater % of its total supply than Satoshi does Bitcoin.

[HairyMaclairy]

Jbreher:  batching has destroyed outputs as a metric due to a massive reduction in change outputs. If you are going to troll, at least pick something relevant.

Out of curiosity, were you one of the endless stream of shill artists at Satoshi Vision? Which one was you on the videos?

[d_eddie]

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.

And Lightning Network is the answer to that. Not just more block size pile on.
Again, block size increases have nothing to do with the promotion of increasing userbase or merchant adoption. If that were the case, merchants and end users would be going crazy for BCash right now.
News flash, Walter Cronkite: They aren't.

I already addressed that in my original post...

Of course, LN might give us a lot of leeway, but eventually block sizes will need to be increased.

Dryja and Poon specifically mentioned the need to eventually increase block sizes in the original LN proposal.

A need that no one here denies. But we're doing just fine right now. Let's wait for the opening/closing of LN channels to strain the blockchain, shall we?

[Ivor Biggun]

He negotiated getting about 10% of all gox's ongoing profits after selling it, and if Karpeles gets billions from its remaining bitcoins the stellar guy will probably get his 10%.

He sold his stake in Gox when they went bust to some company for $1 iirc.
 

Arstechnica claims he retains a 12% stake in gox. Karpleles took all the flak and did all the hard work while he raked in 12%. If Karpeles gets a payout from the bankruptcy I expect McCaleb will get his 12%.

https://arstechnica.com/tech-policy/2014/05/original-mt-gox-founder-i-lost-around-50000-in-sites-collapse/

McCaleb said that he is no longer involved with the company—which eventually became the world’s largest Bitcoin exchange—since he sold it to Mark Karpeles. Karpeles is now at the center of the Tokyo-based company’s breakdown and bankruptcy and has said little about how Mt. Gox collapsed. McCaleb does, however, retain a 12 percent stake in the company, according to a company document leaked earlier this year

McCaleb kept quiet about his stake, but this leaked gox document revealed it.

https://www.scribd.com/document/209535200/Business-Plan-MtGox-2014-2017

This is from page 3.

[Nuru]

I believe that dominance of Bitcoin will grow a lot in near future and i believe it will hit 13000$ at the end ofQ2.

[motoprose]

Here's how much information google and facebook store about you.

This is the link you use for deleting your account. First login to facebook, then go to that link.

https://www.facebook.com/help/delete_account

It's very difficult to find. The deactivate account option is easy to find, but doesn't delete all your data.

And honestly, I'm doubtful even deleting your account would actually make them delete data about you. They've got it, it's their data already.

Even after deleting your account facebook admits it still retains some data, but claims it "disassociates it from your personal identifiers". However if you don't delete your account it will retain all your data for certain. Also, the amount of gov pressure facebook is under might eventually force it to delete any data remaining from deleted accounts.

It is just like a bank account.
You ask the bank to remove all your personal information because of the Equifax breach last year and they will tell you the same thing. They will delete you data from their data base once you cease a bank account with them but if you do some more digging you will find out that is a lie. They keep your data on their record books for upto 5 years and even longer due to the IRS forcing them too.

[HairyMaclairy]

I requested a download of my Facebook data a week ago (haven’t used it for years). Surprise surprise haven’t received it yet.

[yefi]

Arstechnica claims he retains a 12% stake in gox. Karpleles took all the flak and did all the hard work while he raked in 12%. If Karpeles gets a payout from the bankruptcy I expect McCaleb will get his 12%.

https://arstechnica.com/tech-policy/2014/05/original-mt-gox-founder-i-lost-around-50000-in-sites-collapse/

McCaleb said that he is no longer involved with the company—which eventually became the world’s largest Bitcoin exchange—since he sold it to Mark Karpeles. Karpeles is now at the center of the Tokyo-based company’s breakdown and bankruptcy and has said little about how Mt. Gox collapsed. McCaleb does, however, retain a 12 percent stake in the company, according to a company document leaked earlier this year

McCaleb kept quiet about his stake, but this leaked gox document revealed it.

https://www.scribd.com/document/209535200/Business-Plan-MtGox-2014-2017

This is from page 3.

I believe he did so after that leaked business plan was written.
 
He claims he sold his stake on twitter here.

Reuters says he sold it to a Cypriot company, Sunlot Holdings for BTC1. Apparently the sale may never have been finalized, however.

[d_eddie]

I requested a download of my Facebook data a week ago (haven’t used it for years). Surprise surprise haven’t received it yet.

I guess you will. I did, too, and got the archive nearly immediately, as a matter of fact. It was HUGE. I was scared. I never was a heavy user. Just to keep up with friends' events, birthdays and similar stuff. It was like 3-4 years ago.

[d_eddie]

Here's how much information google and facebook store about you.

This is the link you use for deleting your account. First login to facebook, then go to that link.

https://www.facebook.com/help/delete_account

It's very difficult to find. The deactivate account option is easy to find, but doesn't delete all your data.

And honestly, I'm doubtful even deleting your account would actually make them delete data about you. They've got it, it's their data already.

Even after deleting your account facebook admits it still retains some data, but claims it "disassociates it from your personal identifiers". However if you don't delete your account it will retain all your data for certain. Also, the amount of gov pressure facebook is under might eventually force it to delete any data remaining from deleted accounts.

It is just like a bank account.
You ask the bank to remove all your personal information because of the Equifax breach last year and they will tell you the same thing. They will delete you data from their data base once you cease a bank account with them but if you do some more digging you will find out that is a lie. They keep your data on their record books for upto 5 years and even longer due to the IRS forcing them too.

Banks at least have got the IRS excuse, which is as good as it gets. Banks also have somewhat accountable headquarters in all countries, so they're easier for governments to control. But Facebook, Google, Amazon? From the US, good luck. From as far as Canada, forget it already.

[Ivor Biggun]

McCaleb kept quiet about his stake, but this leaked gox document revealed it.

https://www.scribd.com/document/209535200/Business-Plan-MtGox-2014-2017

This is from page 3.

I believe he did so after that leaked business plan was written.
 
He claims he sold his stake on twitter here.

Reuters says he sold it to a Cypriot company, Sunlot Holdings for BTC1. Apparently the sale may never have been finalized, however.

His twitter says he sold his 12% for one dollar. If it's true someone bought 12% of potentially billions for one dollar.   I'd have offered two dollars if he'd asked.



However, I suspect he never completed the sale.

[Vlada69]

I requested a download of my Facebook data a week ago (haven’t used it for years). Surprise surprise haven’t received it yet.

Dude you are asking wrong company. Try Cambridge Analytica

[Searing]

I requested a download of my Facebook data a week ago (haven’t used it for years). Surprise surprise haven’t received it yet.

I got mine..but it took a bit...4 or 5 hours...it has also been years and years..shows up as an email for the link to a .zip file....check your spam

[HairyMaclairy]

Definitely haven’t received.  Will try again.

[sirazimuth]

Now that all this data harvesting crap has come to light (gee...what a surprise! lol)
I'm so glad I signed up using a fake name.
(only because I needed an account to collect airdropped stellar lumens that I have long since dumped for bitcoin)
Publishing daily crap on social media under your real name just seems ludicrous..but that's just me.
Even if you are careful , eventually you are bound to post something regretful after a couple of gin and tonics or whatever.
Seems like everyday you read about some idjut blabbermouth getting fired or whatever for shooting his/her mouth off on social media.

All  5 of my family and friends know my pseudo name so it works out pretty good for me occasionally posting and reading random shit
knowing my footprint will not link back to my real name, tho I'm sure big brother will eventually get wise...