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

[RivAngE]

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6)  There is zero reason to support designed to centralize shitcoins over physical metals

What do physical metals have to do with anything?
Can I play Axie Infinity using silver? Or can I donate unanimously to an organization sending few grammars of gold through the phone cable? (Though donations are also accepted through BTC... but I prefer altcoins when possible for lower fees)

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[Lambie Slayer]

What pisses me off is people actually believe these idiotic price predictions and end up losing their savings.  A lot of suckers fell for Mcafee's 500k bitcoin.  I had close friends that got suckered into buying crypto and they felt the pain.  This ponzi scam needs to die.

Spoken like a real Assclown

[Cassius]

Bitcoin has already become a more popular store of value than silver, and that's after an 80% slide in price.
Gold is still some way ahead and likely will be for a few more years. I like it, but it's pretty inflexible when it comes to it.
But silver vs BTC? Hasn't that one already been settled by the numbers?

[Lambie Slayer]

Stop being a giant faggot worshipping a centralized, for-profit company named Blockstream.  

1)  Mental illness induced delusion.

2)  Mental illness induced delusion

3)  same

4)  yep, more Virgin Roach retard logic

6)  "Bitcoin is going to 1 million and I was tricked into silver by bagholders" (woah!!! a moment of lucid clarity in Virgin Roach's brain)

When you are a Virgin college drop out living with mummy who will have his first sex with a chick with a dick at the 100k party, you sound pretty gay calling people fags.

[Cryptotourist]

Why do I get the feeling that something is up for later this afternoon.
Like an instant spike to the moon and back - or not.
Probably delusional. Haven't really made sense of the "proof of keys" thing. Always ambiguous when herd mentality comes in to play.

@r0achie I think you want to buy BTC in the dip, so that you can finally get that silver pressure cooker you've always wanted.

[realr0ach]

Haven't really made sense of the "proof of keys" thing.

All of the exchanges are crooked, or close to it, but the Trace Meyer proof of keys thing was probably just an attempt to try and pump and dump the price by removing the sell side.  Oh no, the price of my shitcoins is crashing!  Time to try and cook up some sort of scheme to illegitimately raise the price again!  

None of the douchebags in craptocurrency care anything about the truth or whether it actually has fundamentals or not; it doesn't - transaction validators are always designed to centralize and it's impossible to create a decentralized digital currency.  All they care about is what type of Machiavellian lies and scams they can attempt to pull off to try and raise their bottom line.

[Cassius]

Why do I get the feeling that something is up for later this afternoon.
Like an instant spike to the moon and back - or not.
Probably delusional. Haven't really made sense of the "proof of keys" thing. Always ambiguous when herd mentality comes in to play.

@r0achie I think you want to buy BTC in the dip, so that you can finally get that silver pressure cooker you've always wanted.

I doubt proof of keys will come to anything. Anyone who cares already keeps their BTC off-exchange. And very few will pass up trading opportunities to move their funds to their own control anyway - assuming they even know how.

[Cryptotourist]

When you are a Virgin college drop out living with mummy who will have his first sex with a chick with a dick at the 100k party, you sound pretty gay calling people fags.

To r0achie's defense I believe he is from Austria, married with children, unfortunately suffering from a micropenis condition, with a sole desire for giant BBC's & metals.
What a sweetheart.

I doubt proof of keys will come to anything. Anyone who cares already keeps their BTC off-exchange. And very few will pass up trading opportunities to move their funds to their own control anyway - assuming they even know how.

Simple logic suggests that nothing will happen. Safe is better than sorry though.

[AlcoHoDL]

I think "Proof of Keys" is an unnecessary burden to the Bitcoin & exchange networks... I don't like the idea of shooting myself in the foot. I understand the idea of not letting exchanges use our coins in a fractional reserve setting, but I don't think it will make a difference for just one day... If they want to do it, they will, since they will always have some of our coins in their wallets. The good qualities of Bitcoin (decentralized, distributed, immutable, fungible, borderless, permissionless, rare, capped, non-inflationary), as compared to fiat, are guaranteed by its design, not by what exchanges do or don't do.

Why not do the opposite: withdraw all of our fiat from the banks! That would put a stress to their network...

[Cryptotourist]

Why not do the opposite: withdraw all of our fiat from the banks! That would put a stress to their network...

They would never let that happen. Heard of capital controls?

I love Bitcoin.

[realr0ach]

I love Bitcoin.

So much so that you are living in a statue of fanboy-ish delusion.  It's inevitable shitcoiner's will hit the mac truck of reality that the only role an imaginary, valueless, centralized token can fill is that of a 'currency', while they keep trying to shoehorn bitcoin into the role of 'money' where it's completely incapable of competing with physical metals.  An imaginary, valueless token is not a valid form of settlement.  Something of actual value has to be transferred for final settlement to occur.

[Cryptotourist]

I love Bitcoin.

So much so that you are living in a statue of fanboy-ish delusion.  It's inevitable shitcoiner's will hit the mac truck of reality that the only role an imaginary, valueless, centralized token can fill is that of a 'currency', while they keep trying to shoehorn bitcoin into the role of 'money', where it's completely incapable of competing with physical metals.  An imaginary, valueless token is not a valid form of settlement.  Something of actual value has to be transferred for final settlement to occur.

Tell me something, how is it "imaginary", when even by your claims a few posts back, you made some profit on BTC and then turned it in to silver.
I deary hope your silver is not imaginary.

[LFC_Bitcoin]

None of my coins are on exchanges so technically I’m already participating in Proof Of Keys & have been for years.

[Lambie Slayer]

When you are a Virgin college drop out living with mummy who will have his first sex with a chick with a dick at the 100k party, you sound pretty gay calling people fags.

To r0achie's defense I believe he is from Austria, married with children, unfortunately suffering from a micropenis condition, with a sole desire for giant BBC's & metals.
What a sweetheart.

Sir my elite Jewish employers would like to add you to their payroll for persecuting Virgin Roach. You see Jews(and some blacks) having been plotting against Virgin Roach since before he was born. They would have been content to rule the world behind the scenes, but for reasons I can not reveal right now, they now have to keep Virgin Roach in his basement. They pay in Bitcoin and all you have to do is just keep doing what you are doing and mock and laugh at Virgin Roach so he hides in his basement forever. They promise also that the bottom is in and they will pump Bitcoin to 100k.

[realr0ach]

I love Bitcoin.

So much so that you are living in a statue of fanboy-ish delusion.  It's inevitable shitcoiner's will hit the mac truck of reality that the only role an imaginary, valueless, centralized token can fill is that of a 'currency', while they keep trying to shoehorn bitcoin into the role of 'money', where it's completely incapable of competing with physical metals.  An imaginary, valueless token is not a valid form of settlement.  Something of actual value has to be transferred for final settlement to occur.

Tell me something, how is it "imaginary", when even by your claims a few posts back, you made some profit on BTC and then turned it in to silver.
I deary hope your silver is not imaginary.

The basis of human interaction in trade is barter.  I give you some type of object you want for what I want.  Since humans adopted specialization of labor, they started to use an intermediary, Macguffin-like instrument to reduce friction of trade.  There is no guarantee this Macguffin instrument will ever be redeemable for anything of value.  In fact, anything of zero intrinsic value to humans will inevitably return to that exact value and be unredeemable for anything.

This is why Aristotle said the only stable form of money is a commodity currency of intrinsic value (to human civilizations) and why Plato was wrong.  If the Macguffin has no intrinsic value, it's simply a system of faith and faith collapses.  If you're using a real commodity currency, it's value can go up or down, but it's not possible for it to implode to nothingness and bring down the ENTIRE SYSTEM.

There's a lot of stupid fucks on this forum, and they think I'm joking, but the simple fact that humans were led astray off this sustainable path of metals as commodity money might mean when the paper currency collapses, it could cause a dark ages that humans never recover from and everyone goes back to the stone ages.  Or will we go back to metals as money once again with some great upheavel in between.  We'll see.  A fake commodity currency - imaginary, valueless crypto-tokens, are zero difference from fiat paper in the above scenario.  They would implode to zero and cause the same problem.

[AlcoHoDL]

Why not do the opposite: withdraw all of our fiat from the banks! That would put a stress to their network...

They would never let that happen. Heard of capital controls?

I love Bitcoin.

Exchanges have them too. And they will intensify by actions like this. Some have already blocked withdrawals because of this.

[soullyG]

Happy Birthday Bitcoin 

* proceeds to give BTC a sloppy blowjob *

[Millionero]

sex with a chick with a dick

Don't knock it 'til you've tried it.

[AlcoHoDL]

@r0ach:

Plato was not wrong. Just way ahead of his time.

Let me give an example: if you manage to prove the Riemann Hypothesis, you will get $1 million [1]. Your proof could be written on a piece of paper, or it could be a sequence of bytes in a memory stick, or it could be scribbled on wet sand (if it's not lengthy). Does the piece of paper worth $1M? Or the memory stick? Or the sand? No! They are all worthless. They are just a medium of information transfer. It's the information that's valuable. It doesn't have to be made of gold or silver or any other special physical element to be made valuable.

Your idea that something has to be made of valuable material to be of any worth, is very conservative and anachronistic. It belongs to the past. Try to understand this.

[1] Millennium Prize Problems

[Cryptotourist]

Sir my elite Jewish employers would like to add you to their payroll for persecuting Virgin Roach. You see Jews(and some blacks) having been plotting against Virgin Roach since before he was born. They would have been content to rule the world behind the scenes, but for reasons I can not reveal right now, they now have to keep Virgin Roach in his basement. They pay in Bitcoin and all you have to do is just keep doing what you are doing and mock and laugh at Virgin Roach so he hides in his basement forever. They promise also that the bottom is in and they will pump Bitcoin to 100k.

Got it, the newbie will feed the troll

The basis of human interaction in trade is barter. I give you some type of object you want for what I want.  Since humans adopted specialization of labor, they started to use an intermediary, Macguffin-like instrument to reduce friction of trade.  There is no guarantee this Macguffin instrument will ever be redeemable for anything of value.  In fact, anything of zero intrinsic value to humans will inevitably return to that exact value and be unredeemable for anything.

This is why Aristotle said the only stable form of money is a commodity currency of intrinsic value (to human civilizations) and why Plato was wrong.  If the Macguffin has no intrinsic value, it's simply a system of faith and faith collapses.  If you're using a real commodity currency, it's value can go up or down, but it's not possible for it to implode to nothingness and bring down the ENTIRE SYSTEM.

There's a lot of stupid fucks on this forum, and they think I'm joking, but the simple fact that humans were led astray off this sustainable path of metals as commodity money might mean when the paper currency collapses, it could cause a dark ages that humans never recover from and everyone goes back to the stone ages.  Or will we go back to metals as money once again with some great upheavel in between.  We'll see.  A fake commodity currency - imaginary, valueless crypto-tokens, are zero difference from fiat paper in the above scenario.  They would implode to zero and cause the same problem.

Did you or did you not make profit on BTC & swapped it for a "real commodity" such as silver? There is your barter right there.
And please stop the contradiction between Plato & Aristotle. They all have their opinion with outdated data. Welcome to the present.

Exchanges have them too. And they will intensify by actions like this. Some have already blocked withdrawals because of this.

Indeed, so part of the story is that "proof of keys" will provide a good indicator to avoid such exchanges.
Not that we didn't know that HitBTC for example is dodgy. It's got fuck me scam me written all over it.