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

[ThePunisher49X]

Another dump...how surprising...

Nervously checking the chart

only down to 6350 from 6400

What are you talking about?

The amateur crypto analysis are saying the pump was triggered by CME futures expiring so putting bitcoin back into hands of those who put their money into those before the run up in January.
But on the other hand others who are experts are saying those futures were too small to cause the price to tumble to $6k in the first place which would negate what those analysis said caused the bull run yesterday.
https://cryptobriefing.com/bitcoin-futures-small-btc-price

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[jbreher]

Meh, Bitmain and friends probably have 10nm or 7nm chip ASICs populating their farms.

Semiconductor industry trade rags indicate:
- Bitmain is one of TSMC's biggest customers, buying 20,000 12nm chips per month
- TSMC CEO said that Bitmain will be one of the lead customers for their 7nm process node (which is currently in initial fab)

[V1lpu]

Bitcoin Historical Corrections

[jbreher]

time to get on the bike and go get drunk.

Hardly seem like activities that should naturally go together.

[jbreher]

Facebook bans Crypto Ads, price goes down. Facebook allows Crypto Ads again, price goes down 

But invite-only recruitment soiree

Followed by one-on-ones on Friday. Alas, two non-negotiables:
- Friday was coincidentally my retirement day. I'd entertain part-time, but they're looking for full.
- Ain't moving to the valley. I've been flying there about twice a month. That's more than enough, thankyouverymuch.

[JimboToronto]

Good morning Bitcoinland.

Nice to see we're still hanging on to last night's gains... currently $6368USD/$8373CAD (Bitcoinaverage).

Now this is what I like to hear, people enjoying life and not focusing on the panic of up or down!

god Jimbo

please don't leave us...

Don't worry. After 5+ years of riding this roller coaster, I'm neither getting sick nor getting off.

In fact, I quite enjoy the ride.

[jbreher]

This is the 10-th time I read about it this week. Facebook buying Coinbase?

Last night, I attended an invite-only recruitment soiree hosted by FB.

That is all.

Ooh how disgusting. You poor devil. Was it ghastly. Do tell us more.

Cocktails, appetizers, and chat.
Dog and pony show - hardware infrastructure.
Cocktails, appetizers, and chat.

The meaningful activity was the one-on-ones on the following day.

[jbreher]

The base layer has to stay VERY comfortably within Moore's law.

If one is to use Moore's law as the metric, computing power has increased by a factor of 64 in the time of Bitcoin's existence.

Lessee.... what's 1MB times 64? Humm....

Use of net resources scales super-linearly.  And Moore's Law has had a serious stop in the latest years. I know you know all that. Come on. Please.

The point is that we can easily do more than we did nine freeking years ago. I know you know all that. Come on. Please.

[d_eddie]

- Friday was coincidentally my retirement day. I'd entertain part-time, but they're looking for full.

Hard earned rest. Congrats!

[Rosewater Foundation]

In fact, I quite enjoy the ride.

Ice man, I have no idea how you do it.
I'm emotionally drained. I'd check myself in somewhere if they'd have me.

[ThePunisher49X]

Coming up after the break.... Mark Karpeles, Trendon Shavers, James McCarthy, Josh Garza, Shallesh Bhatt all found murdered last night.

No it wasn't silk roads fault.
https://thelibertarianrepublic.com/no-ross-ulbricht-didnt-murder

[Last of the V8s]

Hmm so facebook are looking for full-time entertainers
interdasting 

[gentlemand]

Ice man, I have no idea how you do it.
I'm emotionally drained. I'd check myself in somewhere if they'd have me.

You need to be out in the Canadian wilderness with your breasts dangling like Putin. Do you think he ever gets emotionally drained? Nope. He goes and joint locks a bear.

[jbreher]

Thusly, any increase in block size which decreases Bitcoin’s security and violates its immutability which forms its Nash equilibrium that sustains its security, is scamming. Sorry to say my friend @jbreher.

The commonly-understood definition of 'scam' includes an intent to defraud. Your definition seems to differ.

Proof-of-work was not designed for transaction volume scalability. Period. It was designed to disintermediate politics and usher in a new world reserve currency (in an approximation of John Nash’s Ideal Money manifesto) surreptitiously through the backdoor of nation-state jurisdictional arbitrage.

I assume you are not actually talking about proof of work, but rather its application to money as per satoshi's protocol. Regardless, I am not yet convinced that Bitcoin was intentionally architected to be Nash's alternative to ideal money. Now that I've freed up some sixty hours per week, I might have not only inclination but also time to follow up on some of these areas of inquiry.

[vapourminer]

Bitcoin Historical Corrections

that table doesnt have the 2011 price decline from $35 to $2. my 1st year in btc, so i remember it well. when i started it was $10 and going up (i was mining with ATI HD6870 and 5830).

[Rosewater Foundation]

Ice man, I have no idea how you do it.
I'm emotionally drained. I'd check myself in somewhere if they'd have me.

You need to be out in the Canadian wilderness with your breasts dangling like Putin. Do you think he ever gets emotionally drained? Nope. He goes and joint locks a bear.

I'm just a simple god-fearing peasant, sir. I couldn't possibly. I mean, I dropped a caribou once. But I paid the fine for that already.

[jbreher]

%43 btc dominance

Well, at least we get a silver lining.

"we"  ? 

Are you one of the described "we", jbreher?

Of course. If you don't know I have significant holdings of BTC, you haven't been paying attention.

Holding and trading BTC is one thing, but psychologically identifying as one of the "bitcoin in-group folks" - especially while simultaneously supporting BTC attack vectors (such as Bcash and whatever other BIG blocker nutjob talking point flavor of the month) seems to be a bit of a different animal and seems a lot more difficult to fit into "we" camp.. 

Whatevs. BCH is not an attack vector. It is a Bitcoin-in-the-wings, awaiting the day that the masses realize that its fundamentals are better than BTC's. BTC zigged, BCH zagged. Neither are satoshi's immutable protocol (haha - nod to Shelby). I prefer the zag - that's all.

[Torque]

Whatevs. BCH is not an attack vector. It is a Bitcoin-in-the-wings, awaiting the day that the masses realize that its fundamentals are better than BTC's. BTC zigged, BCH zagged. Neither are satoshi's immutable protocol (haha - nod to Shelby). I prefer the zag - that's all.

Ain't ever going to happen, because the fundamentals of BCH aren't better.

Keep dreaming tho... unicorn fantasies are good!

[El duderino_]

this evening i will shitpost DRINK eat and drink ..... its summer time
@the meantime BTC do your thing and AMAZE us

[bitserve]

Ok... So... up or down?