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

[Torque]

And then Congress will make a law against road pirates, who are using Comcast’s private roads without permission. And we can all run a campaign on road neutrality and no one will listen

A good illustration why power of the state is not good.

I can’t argue with that. Also have learned something today which is that libertarians basically just want to be left alone. I had some sympathy for that even if I don’t agree with some of the outcomes.  So I apologize!

This would then imply that all non-Libertarians want to constantly be fucked with by the state? You can't belong in both camps simultaneously. You can't have it both ways.

It's not to say that Libertarians want total anarchy. It's just that it's crystal clear the state has gone WAY past providing basic civil services at this point. And keeps on going beyond it decade after decade, eroding one's freedoms and liberties more and more and more. Until eventually none are left. No one seems to care though, in fact the majority fkn embrace and welcome it.

[_javier_]

Bye bye Bear.. see you next year!!

[toknormal]

^^^ that's some pretty skanky old FUD dude ... better check your facts before you believe that dross.

In other news who's gone short on 4/20 day?? bad move, expect the pump on 4/20.

Not saying Bitcoin's technological characteristics aren't appropriate to its needs. I'm just saying they're no use when it comes to a lot of "other" needs :-)

That's why the market has diversified.

[Totscha]

of course they are here to stay. But in no way is btc technologically crippled. You've been drinking the alt kool aid on that one.

 • it does not support any realtime service protocol and so can never deliver native API services
 • it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick

- No realtime service protocol? No native API services? No ice cream dispensers? Worst crypto ever!
- Yes, that's the basic monetary system of bitcoin. Useless as a trading currency? You spelled too precious wrong
- Not yet! Confidential Transactions are in the works.
- Yes, that's how decentralized systems work. What's your point?
- Sure, that's not good. But I'm unsure how to solve this by creating an altcoin...
- That's what LN is for. It's meant for small and fast payments. Being off-chain is what enables the whole thing anyway. Plus: https://medium.com/@thecryptoconomy/dont-count-your-fud-before-the-lightning-strikes-15-claims-against-lightning-answered-9671d4a663a9

[Paashaas]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

[oda.krell]

Hey guys 'n gals.

Did I miss anything important? What's the big topic of the month?

[Ibian]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

You know, if there was just a flat 20% tax on bitcoin gains when converting them to fiat, I could live with that. Let them have their blood money. But I suspect it will be closer to 50% around these parts

[Torque]

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

[toknormal]

• it can only support a deflationary monetary system, no inflationary ones and so is useless as a trading currency
 • it has no native fungibility maintenance
 • governance is by contention only, which has already lead to forks in the community as well as the chain itself
 • it's one of the most centralised assets in the financial universe with 98% of the supply being held by less than 0.1% of the world population
 • it's slow at confirmation (a good thing IMO, but if you're trying to top up your credit card when the shop's closing in 10 minutes, forget it)
 • the Lightning network will not fix this as it only works for off-chain transactions plus...this

I'd better stop there for now cos my "koolaid" tank seems to keep topping itself up and I might get a bit sick

Your criticisms are all the strengths of the current fiat digital monetary system. Enjoy, you have it today.

Which is why bitcoin is not about to replace it. There are many "alts" already doing so instead.

Bitcoin may replace the gold sitting idly in vaults.

[JimboToronto]

Good morning Bitcoinland.

Still sideways with a slight upward drift... currently $8510USD/$10822CAD (Bitcoinaverage).

I'm up a little early today but I've got to deposit some cash into my "credit" card to send to Mexico.

I'm buying another property there. Luckily I won't need to sell any bitcoins. I can do it from the cash I'd set aside for the next buyable dip.

Land is cheap in Mexico. Life is good.

Go Bitcoin go.

[Toxic2040]

Hey guys 'n gals.

Did I miss anything important? What's the big topic of the month?

Rationality...

Other than that the usual. Wb.  

[Torque]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.

[Gab0]

Good morning Bitcoinland.

Still sideways with a slight upward drift... currently $8510USD/$10822CAD (Bitcoinaverage).

I'm up a little early today but I've got to deposit some cash into my "credit" card to send to Mexico.

I'm buying another property there. Luckily I won't need to sell any bitcoins. I can do it from the cash I'd set aside for the next buyable dip.

Land is cheap in Mexico. Life is good.

Go Bitcoin go.

Hello Jimbo
I have read about your journey through Mayan lands, and I am glad that life is treating you well.
When you say that the earth is cheap ... How cheap is it?

Thanks in advance.

[Last of the V8s]

In other news who's gone short on 4/20 day?? bad move, expect the pump on 4/20.

I'm going real long on 4/20 day, if you catch my meaning, friend.

Also, although bitcoin is ... technologically crippled and so alts are here to stay

Yeah, well, you know, that's just, like, your opinion, man.

Oh hey Bob. before you sink completely into oblivion, here's a video of a little bug nipping about the track
https://www.youtube.com/watch?v=65jW-FVAd2o
6:56.4 minutes – Onboard video of the new 911 GT3 RS at the Nürburgring-Nordschleife

[KyleSpades]

https://www.youtube.com/watch?v=65jW-FVAd2o

On an almost completely unrelated sidenote, that velocimeter brought me a sizeable amount of joy. Whichever use of the metric system versus the imperial system is a point of good winning the battle against evil.

[KyleSpades]

Anyone willing to bet?

[Karartma1]

Polish Bitcoiners protesting against the 1000% tax plan from their goverment on Bitcoin.

1000%...

Translation:
We don't recognize Bitcoin as a currency. Or a legitimate asset. We didn't create it. It's fucking digital tulips and has no value. We didn't even say you were allowed have it or own it. But since we can't stop you from buying it, we will tax it 1000%. We have zero right to do this, but we're going to do it anyway.

Fuck. All. Governments.

Again and again and again. We are at war! Holding bitcoin today is going to be recognized as a revolutionary act tomorrow. Whatever will be I hope to stand still until we eventually win.
This is our last freedom chance

[Rosewater Foundation]

Comedy share. I'm a Blockchain Technology CEO nao. AMA
https://www.reddit.com/r/IAmA/comments/8akjc8/hi_redditors_i_am_pradeep_goel_an_it_healthcare/?st=jfpsh4cq&sh=9a427f69

[jojo69]

ask him why we can't 3D print a blockchain

[Karartma1]

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.

Yes bro! My favorite after Bitcoin. There have been hard times with the distribution model but, hey, so far so good. One of the best projects around.

Back to bitcoin, i bought some more. 19th of every month is my bitcoin buying day

It seems like you made some cash if you sold them by the 20 something of every month, there have been a few peaks at the 20s past few months, right?

Maybe you misunderstood me: I don't sell, I am buying only and increasing my war chest. There's no point selling so cheap. I have much higher targets