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

[Searing]

I keep having this dream where Bob covers my naked body in gluten and feeds me to a Canadian. What could it mean?

With all the 'bacon' in the Candian, I'd suspect he/she would explode!

just saying

[1714134022]

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[infofront]

Did it have an effect on Bitcoin

Facebook plunges 24% as of Wednesday

Is this a shitcoin chart?



Nope. Just Facebook

[bitserve]

I could perfectly trade that after all this years of experience trading crypto.

When coinbase add facebook? 

[Anon136]

Did it have an effect on Bitcoin

Facebook plunges 24% as of Wednesday

And I was so sure it was TSLA that was going to puke its brains out first and kick this thing off.

[mymenace]

Did it have an effect on Bitcoin
Facebook plunges 24% as of Wednesday

Is this a shitcoin chart?



Nope. Just Facebook

Sure looks like it, hopefully more faith in the bitcoin

[jbreher]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Thank you for the link. Extremely interesting.

North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate.

Can I invest in meth labs?

Grr. Be serious for a moment, dammit! This is potentially useful to a good number of us here. Boblawblaw? Where you at? I know you've got me on ignore, but this should be very interesting to you too.

 This could be an opportunity for a seasteading Bitcoinist.  Set up shop in an o-zone (numa numa) to build components for the steads.  Dodge some tax money, employ a few people who need it and help to build your new community in the equatorial zone.  Win win win.

FryePondering.png "Not sure if serious...or trolling me".

No. The tax advantage bestowed by this program is only for investment in specially designated Opportunity Zones - all within the US, and in areas deemed economically disadvantaged in relation to surrounding locale. Unsuitable in the least for seasteading.

[Elwar]

Did it have an effect on Bitcoin

Facebook plunges 24% as of Wednesday

Is this a shitcoin chart?



Nope. Just Facebook

Down on bad news of their sales being down.

And here I thought all of my personal information was worth a shitload to these companies.

[jbreher]

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Hey bearman. You said something about wanting to make some sort of research group If you want to make a discussion thread about it do so and toss me a link.

New thread over here -> https://bitcointalk.org/index.php?topic=4748843.0

edit: well, no. I've closed that thread after including a link to another thread on the topic that was booted up in my ever-so-brief absence.

[jbreher]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

I've also looked into PR, and am interested in this subject (legal "tax evasion"). I recommend creating a new thread and linking here.

New thread: https://bitcointalk.org/index.php?topic=4748843.0

[Paashaas]

Bcashers.....lol.



https://thundermessage.com/

[infofront]

So: topic swerve.

All y'all may recall I've been looking to Puerto Rico as a means of reducing capital gains taxes owed (I'm 'Merkin). But I've just learned of another (legitimate - according to IRS) potential route out of the system that may be as interesting:

https://www.forbes.com/sites/forbesdigitalcovers/2018/07/17/an-unlikely-group-of-billionaires-and-politicians-has-created-the-most-unbelievable-tax-break-ever/

Anyone interested in forming a study group? Or is there some other subforum here in BCT that might be better for such a discussion?

Thank you for the link. Extremely interesting.

North Charleston, South Carolina, might be the most misnamed place in America, a path through a weedy, desolate neighborhood with 20% unemployment and a 40% poverty rate.

Can I invest in meth labs?

Grr. Be serious for a moment, dammit! This is potentially useful to a good number of us here. Boblawblaw? Where you at? I know you've got me on ignore, but this should be very interesting to you too.

 This could be an opportunity for a seasteading Bitcoinist.  Set up shop in an o-zone (numa numa) to build components for the steads.  Dodge some tax money, employ a few people who need it and help to build your new community in the equatorial zone.  Win win win.

FryePondering.png "Not sure if serious...or trolling me".

No. The tax advantage bestowed by this program is only for investment in specially designated Opportunity Zones - all within the US, and in areas deemed economically disadvantaged in relation to surrounding locale. Unsuitable in the least for seasteading.

I think he meant that you could manufacture the platforms and other components for the seastead in an opportunity zone. Then transport them someplace.

[Anon136]

Bcashers.....lol.



https://thundermessage.com/

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

[Rosewater Foundation]

Bcashers.....lol.



https://thundermessage.com/

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Have you considered the possibility that some people don't want babies to die for no good reason?

[Elwar]

Bcashers.....lol.



https://thundermessage.com/

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.

IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.

With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.

So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.

IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.

[jbreher]

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

[Anon136]

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

Yeaaaaa no I don't.

Average bitcoin transaction 0.00000025gb
Half the people on earth use bitcoin 3.5billion
Each person does about 5 transactions a day
144 blocks in a day
 
0.00000025*3.5billion*5/144=30gb blocks. 30 gb every 10 minutes people would need to download. Do you have any clue just how far away from that we are? Moore's law or not? That would be 1.5petabytes per year. That's ~16 yeas IF Moore's law holds. Which, by the way, it hasn't been lately. And even then, that's only regular transactions. That's at best only replacing traditional finance. No innovation there. No pay as you go. No IOT markets. No decentralizing the internet. No micro transactions. It's a piss poor vision for the future.

[marcus_of_augustus]

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.

... or you do?

Why don't you just write down this ever-so-simple equation that explains where everybody else fucked up and shows simply why Bcash is the embodiment of the time derivative ratio of adoption to technology?

You are so full of shit ... isn't it time you got the fuck outta here with your Bcash shilling and pumping?

[Karartma1]

Bcashers.....lol.



https://thundermessage.com/

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.

IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.

With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.

So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.

IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.

Reasonable enough for me. Excellent comparison

[Phil_S]

New from Masterluc:

I like this early February stuff, the graph is freaky:

https://vk.com/bitcoin_vanga?w=wall-130254204_9481

[JayJuanGee]

Bcashers.....lol.



https://thundermessage.com/

I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?

Even if bcash is better, look at IPv4 and IPv6. IPv6 is objectively the better standard. It has enough IP addresses that you could have one for every electronic device in your home.

IPv6 has been around since the late 90s. And yet we still use IPv4. Why? Everything has been built on IPv4. It's established. Getting everyone on the Internet to migrate to IPv6 just never happened. Could it? Should it? Maybe. But it didn't.

With limited IP addresses the Internet stopped working right? No. They just adapted and used various layers to represent the various devices you use every day. You may have one router in your home which then assigns a local IP to your computers and phones. Most people have dynamic IP addresses so that when someone's no longer using an IP address it doesn't just sit there, it can be used by someone else. The Internet adapted. The end of the world did not happen as the IPv6 advocates proclaimed would happen once we ran out of IP addresses.

So work with the current Bitcoin protocol and do what you can to make that work because that's what we've got.

IPv6 is used for some LANs and other things within businesses. Maybe bcash can go that route. Who knows.

You seem to be giving bcashers too much benefit of the doubt, that they really believe their own bullshit about supposed on-chain scaling and that on-chain scaling is preferred.  They probably could not code their way out of a wet paper bag, so, I doubt that any of their technology is superior, which seems to be the hypothesized presumption that you are presenting.