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

[Last of the V8s]

So it was all a ponzi after all?

[1714051885]

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[1714051885]

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[infofront]

Someone give this man a sMerit.^

You're too kind 

So it was all a ponzi after all?

Yeah - only those of use who got in under $1 million per BTC are going to make any money.

[jojo69]

So it was all a ponzi after all?

looks like it

[Last of the V8s]

[RewFrew]

Those peoples crying for a "healthy bitcoin correction, like they said" to join the bitcoin rocket are the ones that waited for a bitcoin price around 4K.

They pray everyday for a bitcoin crash, but there is just very small trap bears inside a big long bull.

They gonna stay  there untill bitcoin cross several resistances and go over 15K then they gonna buy back lol.

[Neo_Coin]

[Last of the V8s]

https://blog.kraken.com/post/1561/krakens-position-on-regulation/
kraken would rather talk tough than create a working exchange

[oblox]

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.

Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much".

The argument was specifically as it related to the whitepaper, not what was said later on.

...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience.

If you're going to look to the whitepaper as the Word of God, then you can't ignore the New Testament. And I don't give a fuck who's using SPV wallets.

Again, Bob started this whole referencing the whitepaper bullshit. I could give two shits about what was said in a paper 10 years ago, let alone one written thousands of years ago.

[Elwar]

For Earth Day I lit a candle in front of my Karl Marx statue and repeated the planks of the communist manifesto.

Community, Equality, Tyranny my fellow citizens.

[Toxic2040]

Slight downward curl indicates a softening on bids but hodling fairly steady.  Looking pretty firm at current levels for support. Another good zone to let the indicators relax some before we move upwards again.
Markets are thin and volume quite low.. I would expect volatility as the new week begins. #dyor

[infofront]

For Earth Day I lit a candle in front of my Karl Marx statue and repeated the planks of the communist manifesto.

Community, Equality, Tyranny my fellow citizens.

Thanks Hairy

[STT]

For Earth Day I lit a candle in front of my Karl Marx statue and repeated the planks of the communist manifesto.

Community, Equality, Tyranny my fellow citizens.

Karl Marx relied on his rich friend for his upkeep, his friend inherited that wealth.   Had Marx worked for a living he might have come to other conclusions based on reality
https://en.wikipedia.org/wiki/Karl_Marx#New_York_Tribune_and_Journalism



I think its just round number-itis mostly.    Overall I rate it very bullish above 8500 and probably until 10,000 for the same reason when it might need to reconfirm previous action at that point.   9074 as a ceiling I did have drawn in, I think its the late march peak but not especially a long term solid point

9231 was the late feb low, bullish above that level would be a good measure

[JayJuanGee]

The tilting of that logo means, it is referring to a bcash logo not a bitcoin logo.  Aren't we in a bitcoin thread?

[JayJuanGee]

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Now you are pumping the trusting of 0 confirmations?   And you want folks to give you credibility?  I should not even be quoting your nonsense because your seeming disingenuousness seem to becoming too repetitive and obstinate.

[HairyMaclairy]

For Earth Day I lit a candle in front of my Karl Marx statue and repeated the planks of the communist manifesto.

Community, Equality, Tyranny my fellow citizens.

Thanks Hairy

Now that Labour Day is nearly upon us, we can engage in a stirring rendition of Solidarity Forever. We can band together against the banksters, plutocrats and career politicians.

When the union's inspiration through the workers' blood shall run,
There can be no power greater anywhere beneath the sun;
Yet what force on earth is weaker than the feeble strength of one,
But the union makes us strong.

Chorus:
Solidarity forever,
Solidarity forever,
Solidarity forever,
For the union makes us strong.

Is there aught we hold in common with the greedy parasite,
Who would lash us into serfdom and would crush us with his might?
Is there anything left to us but to organize and fight?
For the union makes us strong.

Chorus

It is we who plowed the prairies; built the cities where they trade;
Dug the mines and built the workshops, endless miles of railroad laid;
Now we stand outcast and starving midst the wonders we have made;
But the union makes us strong.

Chorus

All the world that's owned by idle drones is ours and ours alone.
We have laid the wide foundations; built it skyward stone by stone.
It is ours, not to slave in, but to master and to own.
While the union makes us strong.

Chorus

They have taken untold millions that they never toiled to earn,
But without our brain and muscle not a single wheel can turn.
We can break their haughty power, gain our freedom when we learn
That the union makes us strong.

Chorus

In our hands is placed a power greater than their hoarded gold,
Greater than the might of armies, multiplied a thousand-fold.
We can bring to birth a new world from the ashes of the old
For the union makes us strong

[Paashaas]

Verne Troyer passed away this weekend

R.I.P.

Atleast he's eternalized into the $1M BTC meme.

[STT]

The tilting of that logo means, it is referring to a bcash logo not a bitcoin logo.  Aren't we in a bitcoin thread?

If the point is true it still stands, I dont know if they are trying to misdirect and imply BCH is the last bastion but the idea is a general one anyway.    Ive heard before the idea consensus forms the basis of money and value exchange.  This is one point I heard made by an economist who says Bitcoin or any other crypto will (nearly) completely fail.  He still makes the point that BTC is money because of that idea, a collective valuation and fungibility also I guess

https://youtu.be/I4xpZm7JlqU?t=137

[Syke]

The argument was specifically as it related to the whitepaper, not what was said later on.

...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience.

Whitepaper, section 8, SPV wallets described.

[jbreher]

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole,

Haha. You funny.

please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

I could be glib and point out the 'cash' in the title. But I don't have to. Back before the tx volume got big enough to be chronically delayed to the 'next' block, zero conf txs were routine.

There is really no arguing this point. They worked. To the point that freeking _payment_processors_ accepted zero conf txs.

OK, go ahead and 'rip me a new asshole'. Big boy.

[oblox]

The argument was specifically as it related to the whitepaper, not what was said later on.

...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience.

Whitepaper, section 8, SPV wallets described.

Yes, "honest nodes" and requiring trust else it is recommended to have the entire ledger.