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

[PoolMinor]

Vitalik plays dumb
https://twitter.com/peterktodd/status/1068528442155515904

Supporters of all these altcoins are clouded by bias and are missing the very core of something: redundancy.

In that I can make a perfect clone of *any* coin now, including Bitcoin, give it all the features, attributes, security, and issue rate of a great coin, even with no pre-mine, I can give it the very same "immaculate conception" as Bitcoin, etc., etc.

So with all of that, should this altcoin I create just automatically be deemed as having value? Just because I launch it into existence? No.

What it has is redundancy. To Bitcoin.

If I create a new clone of Linux is it better than Linux? No, it's just redundant.
If I create a new clone of an iPhone is it better than Apple's iPhone? No, it's just redundant.
If I create a new clone of Facebook is it better than Facebook? No, it's just redundant.

And on and on and on... redundant things are worthless things. See the recent fate of Google+ as an example.

More impacted than redundancy is disregard to the eco-space that created the technology. In 2013 I became very disgusted by the new coins that were being released daily, found it absurd that people justified creating their own pyramidal scams. Now today with the beyond redundancy being created only emphasizes the "scam" of early adoption rewarding scheme.
If you have a new idea or "feature" why is it not possible to implement it into a proven secure coin/blockchain? Simple answer-- It is tough to be at the top of a pyramid unless you create a new one.

[1714065000]

1714065000

[El duderino_]

yeah V8 another guy i know who i spoke with about something i read on the WO ... told me its just a place where the MOONboys are nothing more ....
i fit right in here with the MOONBOYS (that F***ing guy n00b was an full tone vays fanatic) haha what an idiot if i would share his story and where his now with crypto and other real life stuff just another joke with misplaced critic ....
don't mind me to much its 23.12 CET and i'm almost knock out @ home in my evening gear "didn't watched the price untill now, NEW RECORD"
its 4171 stamp so nothing to crazy happened over there, pity i had could of appreciate a massive green dildo, you now the kind of when i look to my screen i need to zoom out or scroll and scroll ..... to see it end
meh not yet not today, but there will be a day that HM draw that chart no doubt about that, and that LFC will have his millions and roach will be silenced for good
i hope for some guys to have enjoyed a few DRINKS as well cause its saturday after all, gonna crash now with some kind of i don't know yet what movie .... maybe even stick around watching the thread for a while

haha lol just saw that new post don't try to abuse a DRUNK F*** for merit e , still got a few

edit: how do you now i have a bit of monero stash??
and whats roach doing there i'm always nice and you post me and the roach in one pic

[El duderino_]

sorry

see the grip on that shit

[Last of the V8s]

Well this was rather depressing.
The biggest myths in cryptocurrency investing today and what would cause a new all time high
https://blog.goodaudience.com/the-biggest-myths-in-cryptocurrency-investing-today-and-what-would-cause-a-new-all-time-high-d6010657f01d

oh god yes so depressing. people like that shouldn't be allowed to publish their 'thoughts' at all

Better analysis than an average news article, but he still gets a number of things wrong imho.

Sure it's better, and I overreacted. The whole field of blogging and commentary demands so much sifting to get to any nuggets. It can get exhausting.

[realr0ach]

The biggest myths in cryptocurrency investing today and what would cause a new all time high
https://blog.goodaudience.com/the-biggest-myths-in-cryptocurrency-investing-today-and-what-would-cause-a-new-all-time-high-d6010657f01d

Better analysis than an average news article, but he still gets a number of things wrong imho.

Well, too bad for the all fucking idiot shills on this forum he gets TONS of ones correct.  The following myths he all correctly pointed out as being false:

The biggest myths in cryptocurrency investing (in no particular order)

1) We are still so early. If you buy crypto now, you are an early investor

If you were early I would not be bombarded with Bitcoin IRA commercials for every video I click on youtube.  The whales are clearly trying to unload on retards and suckers with these commercials.

2) Imagine holding the keys to the internet in 1991

"The internet" is an actual real, objective, even physical thing, while bitcoin is completely arbitrary revolving around non-existent, imaginary tokens.  They cannot be compared whatsoever.

3) Crypto will put banks out of business and they hate the blockchain

People will always outsource responsibility of their funds to a 3rd party security service whether you use fiat, metals, or bitcoin.  They also do it due to requiring chain of custody for next of kin wills, trusts, and such.

4) Crypto “OGs” got rich from HODLing and they are better investors because of it

Sometimes true, sometimes false.  I think I just saw "LFC_Bitcoin" claim he was only up something like 10x on his original investment from hodling.  I think I've done equal to that trading leverage in a span of a few days (but you can obviously lose your ass on leverage too, so there's that)

5) Crypto is a scarce asset, as opposed to fiat, which is hyper-inflated

Craptocurrency is based on artificial scarcity.  It has no real scarcity.

6) Bitcoin will replace gold as a global store of value

LOL

[JayJuanGee]

pro tip phishead

monero is /somewhat/ tolerated here, quoting the r0ach...not so much

Oh cool, glad you told me what is “tolerated” when discussing the issues of centralization. Hahaha.

It’s ok, I’ll be sure to shut up hopefully. Don’t want to piss off the powers that be here on this thread. Please continue your discussion on how centralization and censorship by a core group of people are horrible... my apologies to r0ach...

You can write whatever the fuck you want.

Best to back up what you say, and surely there are some posters who post a lot of crap here, especially roach.

However, from time to time, even roach makes some interesting posts.

If someone gives you a hint about which posters are not so acceptable, then you can certainly take that with a grain of salt, but perhaps you can also attempt to figure out why that was said, rather than getting on some bullshit censorship theme that is largely considered a stupid ass bullshit argument.  

Go ahead, make some points and attempt to back them up, instead of whining about supposed censorship.  

Edit:  
I saw in a subsequent post you kissed and made up with Jojo and decided to ignore roach. I will leave my comments stand, and surely, my intention is to suggest that you don't need to fear presenting controversial ideas in this thread - whether you are supportive of bitcoin's current direction or not or whether you believe core is too centralized (which does seem to be a bit of a spurious talking point that trolls, pumpers or bitcoin naysayers(nocoiners) like to make), and especially if you are able to back them up with facts and/or logic (hopefully both).  Personally, I do think that you can get yourself into trouble when aligning with trolls or seemingly really dumb ideas before guys and gal in this thread get to know you a bit...   Yet, even if you are known, I doubt that you would need to take any attacks on your post ideas personally - because even though there may seem to be some agreement with so many of the regulars wearing hats, frequently, there is decently high levels of disagreement about bitcoin related topics, relevancy of topics and even whether some kind of happening, such as "stable coins" is bullish, bearish or a bitcoin attack vector.

[realr0ach]

Supporters of all these altcoins are clouded by bias

And dumb post of the day goes to Torque for not being able to figure out his own mind is "clouded by bias".  There's zero difference in bitcoin and so-called "altcoins".  They're all the same thing.  If you want to get technical, bitcoin is an altcoin of gold and silver.  

Everything from the nomenclature of "mining", to the stupid propaganda pictures of physical bitcoins pretending bitcoins are really made of gold and silver and not imaginary tokens, is entirely a psyop to try and deceive people that a fugazi imposter (bitcoin) can hold a candle to the real thing (physical metals).

[Ibian]

Even the best product needs good marketing. Humans are emotional animals, not logical ones. That goes for your metal obsession too.

[realr0ach]

Even the best product needs good marketing. Humans are emotional animals, not logical ones. That goes for your metal obsession too.

But the term "altcoin" has always been pushed by scammers to try and make up for the fact bitcoin has no valid Schelling point.  They're all saying "no! no! you're required to buy my bags instead of me buy yours, otherwise it would be immoral!".  The propaganda surrounding the word altcoin has never made any sense.  I do not support bitcoin or altcoins and only support physical metals, so not like I have any bias.  

The Schelling point for metals exists as a physical constraint, because nobody can create a new noble metal in their basement.  The attempted but fail Schelling point for bitcoin is entirely poor propaganda claiming you're a bad person if you use an "altcoin" LOL.  Watching the Doge craze was probably the most entertaining point of craptocurrency.  Bitcoin had less transactions per day then dogecoin and all these idiots were shitting themselves spamming "NO! THIS ISN"T SUPPOSED TO HAPPEN!  YOU'RE ONLY ALLOWED TO USE BITCOIN, NOT DOGECOIN"

[Last of the V8s]

yeah V8 another guy i know who i spoke with about something i read on the WO ... told me its just a place where the MOONboys are nothing more ....
i fit right in here with the MOONBOYS (that F***ing guy n00b was an full tone vays fanatic) haha what an idiot if i would share his story and where his now with crypto and other real life stuff just another joke with misplaced critic ....
don't mind me to much its 23.12 CET and i'm almost knock out @ home in my evening gear "didn't watched the price untill now, NEW RECORD"
its 4171 stamp so nothing to crazy happened over there, pity i had could of appreciate a massive green dildo, you now the kind of when i look to my screen i need to zoom out or scroll and scroll ..... to see it end
meh not yet not today, but there will be a day that HM draw that chart no doubt about that, and that LFC will have his millions and roach will be silenced for good
i hope for some guys to have enjoyed a few DRINKS as well cause its saturday after all, gonna crash now with some kind of i don't know yet what movie .... maybe even stick around watching the thread for a while

haha lol just saw that new post don't try to abuse a DRUNK F*** for merit e , still got a few

edit: how do you now i have a bit of monero stash??
and whats roach doing there i'm always nice and you post me and the roach in one pic

Tone was right for a long time, but seems rather 'ill' at the moment, and has made some catastrophic blunders.
You were so lucky to get here unlike that noob and it's great you appreciate it so. I'm the same.
It's really easy to criticise a club you're not a member of. Just call it 'clubby' in one direction or another.
We are pretty bulltarded some of us but there is a lot of measured appraisal and different analysis in amongst the noise.

Didn't drink too much tonight myself on dr's orders, and frankly I worry for your liver too, young man.

just a pic of roach's dog with your missus' one eyeing it up saying 'ima rip your throat out'

dude everyone on here is a secret/overt monero bagholder. it's impossible to trade that shit

yup, one day soon we will be drunk on price rises and no alcohol required

[El duderino_]

Don’t worry to much for this young man.... my drinking is under very good controll and contained for saturday’s or special occasions only
But sometimes i Maybe sound more like a drinker Then i am.... have to express myself better Maybe
But its surely not exaggerating
Very true critic something your not a part of is damn easy.... all the nocoiners are exactly that

[realr0ach]

Trollgoossens, judging from this dinner party, it appears your life is entirely controlled by mindless, keeping up with the joneses, consumerism women.  Unless you want to admit to picking out this furniture and 1700's style, white, velvet dinnercloth stuff yourself.  This is a damn nightmare.  It looks like a scene from a movie right before a bunch of nogger catburglars crash in through the windows for a home invasion on a bunch of helpless, white, yuppy metrosexuals.

[Syke]

1)  Create tons of false flags to try and confiscate all guns

Presidents get shot you spaz. He is not a dictator nor can he be if he wanted to.

Wow, this reminds me why I'm so glad this guy is on ignore. Only a true idiot would think his pea-shooter is any deterrent to a military with tanks, fighter jets, etc. Private guns are no deterrent.

[PoolMinor]

I like PM's so much that I have to post about them in a BTC thread, my name used to be Jorge, btw

Presidents get shot you spaz. He is not a dictator nor can he be if he wanted to.

Wow, this reminds me why I'm so glad this guy is on ignore. Only a true idiot would think his pea-shooter is any deterrent to a military with tanks, fighter jets, etc. Private guns are no deterrent.

Ignore is a great function, less functional when people quote these users though, food for thought.

[El duderino_]

Trollgoossens, judging from this dinner party, it appears your life is entirely controlled by mindless, keeping up with the joneses, consumerism women.  Unless you want to admit to picking out this furniture and 1700's style, white, velvet dinnercloth stuff yourself.  This is a damn nightmare.  It looks like a scene from a movie right before a bunch of nogger catburglars crash in through the windows for a home invasion on a bunch of helpless, white, yuppy metrosexuals.

So even a just blond woman isn’t good enough for THE cockr0ach .... world upside down again 
I’ll still guess this 1700’s style in here Will always beat your 1700’s mommie prison basement look anyday
But keep on going man keep join the great WO cause you have to much time anyway

R0ach i gonna quote you much less to not irritate other Ushers of here to much anymore, most of it is way to stupid to respond to anyway ..... so its like a semi ignore

[PoolMinor]

Has anyone seen my red scarf? I need it for the big ball tonight, it goes really well with my brown knickers!

So even a just blond woman isn’t good enough for THE cockr0ach .... world upside down again  
I’ll still guess this 1700’s style in here Will always beat your 1700’s mommie prison basement look anyday
But keep on going man keep join the great WO cause you have to much time anyway

R0ach i gonna be quoting you much less to not irritate other Ushers of here to much anymore, most of it is way to stupid to respond to anyway ..... so its like a semi ignore

It is okay to respond, by all means. But if you are going to quote him at least change the words in the "quote"

[Last of the V8s]

http://merltech.org/blockchain-for-international-development-using-a-learning-agenda-to-address-knowledge-gaps/
tl;dr zero success rate in blockchain for development lol lol lol we coulda told you that 5 years ago oh wait we did
piece is admirably dry though

[gentlemand]

It is okay to respond, by all means. But if you are going to quote him at least change the words in the "quote"

If I were running this thread I'd have a bot that changed every single one of its posts into a selection of links to Jewish charities that everyone but it could see.

I think I'd go for funding Orthodox IVF so after a few years all the new babies can make a video thanking it for their existence.

[Last of the V8s]

He hasn't said anything new all year. It's all the same spam recycled.

[criptix]

Shots fired 

When next leg up?

Daily closed with a nice green, seems we preparing for 4.4!