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

[Elwar]

Another successful launch of the the Falcon 9. Always do enjoy a night launch.


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So I had lunch with a guy last week in Bangkok who is working on a prototype for an electromagnetic launch vehicle in the ocean.

Why the ocean? Because his final product will be 2km in diameter. Sure you could dig a deep hole to get it to work or you just take the tube and let it sit deep in the ocean.

He wanted to talk to me because of the seasteading connection. He's not like one of the many dreamers I meet in the seasteading world, he is already funding the prototype himself and has it built, transporting it to the ocean this week. The prototype will be 50 meters in diameter with a 10cm wide tube launching at about 300 m/s.

We discussed it and said it would be a great business for seasteaders since you'll need people maintaining and keeping an eye on the structure. Though he prefers Thailand due to the cheap labor.

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[Ibian]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

That joke is old and boring. We are always talking in current buying power.

[TERA2]

The rocket has been lifting off since $18K. Now you're not even trying with these charts. Just take any chart and put some kind of upwards arrow on it.

[Toxic2040]

So I had lunch with a guy last week in Bangkok who is working on a prototype for an electromagnetic launch vehicle in the ocean.

Why the ocean? Because his final product will be 2km in diameter. Sure you could dig a deep hole to get it to work or you just take the tube and let it sit deep in the ocean.

He wanted to talk to me because of the seasteading connection. He's not like one of the many dreamers I meet in the seasteading world, he is already funding the prototype himself and has it built, transporting it to the ocean this week. The prototype will be 50 meters in diameter with a 10cm wide tube launching at about 300 m/s.

We discussed it and said it would be a great business for seasteaders since you'll need people maintaining and keeping an eye on the structure. Though he prefers Thailand due to the cheap labor.

Equatorial launch platforms are quite interesting..  They tend to be truly massive in scale for the mass to orbit ratio to start to make sense. Basically a rail gun with a long low vacuum barrel. You need about 7.2 km/s to achieve a LEO. Building a mechanism capable of lofting tonnage into orbit might have to be a dozen km's long..or a hundred.

The rocket has been lifting off since $18K. Now you're not even trying with these charts. Just take any chart and put some kind of upwards arrow on it.

+1 WOsMerit

Lol..ikr..its pretty obvious we are going to $60k+, its just a matter of when. I really like to add mystery and suspense however..

Better?


Or how about this?


btfd

[Elwar]

You need about 7.2 km/s to achieve a LEO. Building a mechanism capable of lofting tonnage into orbit might have to be a dozen km's long..or a hundred.

Ya, sounds like the guy wants to launch small satellites into orbit. Something that can be used repeatedly for something like the global satellite internet initiative.

[El duderino_]

Sideways = WO thread gets trolled
Bears take over = All crappy bcash, eth, eos whatever shit land here
Bull run = Lambo, Carolina, CCMF etc.

 

sideways = 1 page a day
bear = 5 pages a day (3 of them roach, jaqbittart etc)
bull run = 1O pages of moonboys and non of the others 

[Last of the V8s]

[ivomm]

 Our Bitcoin, who art in blockchain,
 hallowed be thy Name,
 thy ATH come,
 thy Lightning be done,
 on exchanges as it is in github.

 Give us this day our daily 1% rise.
 And forgive us bying shitcoins,
 as we forgive those
 who are trolling on WO.

 And lead us not into trading,
 but learn us to HODL.

 For thine is the blockchain,
 and the Segwit, and the Lightning,
 for ever and ever. Amen.

[El duderino_]

Blargh. Looks like Bitcorn is getting a case of the Mondays...

a case of the mondays ??

[El duderino_]

[El duderino_]

Our Bitcoin, who art in blockchain,
 hallowed be thy Name,
 thy ATH come,
 thy Lightning be done,
 on exchanges as it is in github.

 Give us this day our daily 1% rise.
 And forgive us bying shitcoins,
 as we forgive those
 who are trolling on WO.

 And lead us not into trading,
 but learn us to HODL.

 For thine is the blockchain,
 and the Segwit, and the Lightning,
 for ever and ever. Amen.

[Globb0]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

With inflation $1,000,000 will be downgraded in what it can get you but I’d imagine still a pretty nice house in most parts of the Western World (excluding London & NYC / major cities etc)

I was looking at our new office last week (London). I was told the top floor flat in the next building had just sold for 22 Mil.

[LFC_Bitcoin]

Might be 10+ years until 1 bitcoin is worth for example 1 million USD.

by then that should about buy dinner for 2

not the tip though

With inflation $1,000,000 will be downgraded in what it can get you but I’d imagine still a pretty nice house in most parts of the Western World (excluding London & NYC / major cities etc)

I was looking at our new office last week (London). I was told the top floor flat in the next building had just sold for 22 Mil.

You could buy a 10 bedroom house with about 15 acres of land for that where I live (further north in the UK)

[Last of the V8s]

[BTCHadzija]

7 of the past 8 mondays have been red, so this was kind of expected


also, since the beginning of the year, the 6th in every month alternated between the highest and lowest price point for that period - so we might see a continuation going on for another 2 days.

We'll see, stay cautious traders

[ivomm]

I am astonished by the stubbornnes of Jihan Wu. Yesterday he and his sockpuppets pumped bcash 10% with the hope for better mining rewards. For several hours they got it, but after a small percentages of miners switched to bcash, the difficulty rose and again their reward is equal to that of mining Bitcoin. How many attempts he needs, to understand that if Bitcoin is not rising there is NO way bcash should be more profitable. In 1.5 days is the next Bitcoin mining adjustment. A new 12% increase in difficulty is expected (https://diff.cryptothis.com/), which means more than 0.6$ loss for an s9 (daily revenue dropping from 6.2 to 5.6$ at the current price). With that pace in 2-3 monts the revenue will drop to 2-3$, not to mention the expenses for electricity and rent, which vary from 1.7$ and 4$. I've been through this situation many times mining eth, zec, etc. Each period, when the mining profit drops to cents, is followed by a period of an extreme increase of the price. The explanation is clear - the miners enter a hibernation state of holding (i.e. not selling everything they mine with a currently small profit). If the rigs are on a loss, they just stop them untill the next increase. Conclusion: The so called 'bear' period is at its end. I expect 2x-4x increase of the price in the coming 6 months/1 year.

[gentlemand]

You could buy a 10 bedroom house with about 15 acres of land for that where I live (further north in the UK)

It would be literally impossible to find a house that expensive up north. You'd have to build it yourself and buy it off yourself.

[Torque]

Blargh. Looks like Bitcorn is getting a case of the Mondays...

a case of the mondays ??

Relevant "Office Space" scenes.

https://www.youtube.com/watch?v=2AB9zPfXqQQ
https://www.youtube.com/watch?v=guv5LUT1AFw

I wish someone would meme this video with the BCash symbol superimposed over the printer. 

https://www.youtube.com/watch?v=N9wsjroVlu8

[vroom]

Blargh. Looks like Bitcorn is getting a case of the Mondays...

a case of the mondays ??

Relevant "Office Space" scenes.

https://www.youtube.com/watch?v=2AB9zPfXqQQ
https://www.youtube.com/watch?v=guv5LUT1AFw

I wish someone would meme this video with the BCash symbol superimposed over the printer. 

https://www.youtube.com/watch?v=N9wsjroVlu8

oh come on. bcash is bad but it's nothing compared to printers. printers are the ultimate evil.

[infofront]

Overdue poll reset. Looks like the trolls, nazis, anarchists, big blockers, and beartards won.