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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21331761 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
micgoossens
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BTFD, on to 15K a coin !!!!


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January 03, 2019, 11:22:53 PM

Iam Just going to leave this here.
Other perspective



Already been left here
 Tongue

But still its a Nice post and good perspective
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bitmover
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January 03, 2019, 11:28:34 PM

Already been left here
 Tongue

But still its a Nice post and good perspective

I thought it was humanly impossible to read all pages here lol
micgoossens
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BTFD, on to 15K a coin !!!!


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January 03, 2019, 11:31:09 PM

Already been left here
 Tongue

But still its a Nice post and good perspective

I thought it was humanly impossible to read all pages here lol

Haha
Whatever man its a good post so Nice to post it again for those that over looked it Wink
jojo69
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no FOMO


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January 03, 2019, 11:40:41 PM
Merited by kurious (1)

I read 'em all
bitserve
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HODL.


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January 03, 2019, 11:50:50 PM
Last edit: January 04, 2019, 12:12:21 AM by bitserve

@bitserve

I agree with all your points and I'd like you to allow me to add two more point...

Even if there was no fractional reserve and even if all the peoples' money were really existing in banks, we'd have two more problems: security and "precision (?)".
1) The problem of security with cash is obvious, notes can be stolen and centralised digital accounts can be hacked. A successful 51% attack on a widely used blockchain though is not as easy.
2) I can't put a name on this problem but I'll give an example: A bank is holding 10% of a countries wealth in notes. An explosion scattering some in the air while destroys and burns others. What happens next? Do you print the notes again? Do you subtract the missing amount from the bank's own account? What about the notes that went flying? Similar problems in a much smaller scale happen every day, for example having a low value note cut in half or a coin drop in the sewers. I might interpret it wrong but I think that fiat currencies can't work with 0% fractional reserves and money printing, only the blockchain can work without these and still operate fine.


By the way, I'm from Greece, I've been through Capital Controls and we're still under some controls, for example we cannot top-up investment accounts with cards, only through the slow wire transfers.

In a way crypto can be stolen too. I mean, there's not much difference if crypto is stolen from a user (not the blockchain) or notes are stolen from the bank. It just change hands.

The same way, when notes are destroyed it is very similar to what happens when coins get "destroyed" (ie. sent to a sinkhole address or lost keys). The only difference is that if it can be proved a note is damaged it can be replaced/reprinted by the central bank otherwise it would just be money of the bank that it would simply lose.

In theory there is not "reprint" for missing/lost notes. And it doesn't matter because there are many other reasons for printing NEW money. Also, there is a procedure that defines what conditions have to be met to consider a note replaceable but I don't remember all the details. If the damaged note doesn't meet the criteria you have just lost it, if it does the central bank exchanges it for a good one.

How is Bitcoin doing in Greece btw?
BobLawblaw
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January 04, 2019, 12:02:57 AM

Hi Bob, Classy enough?  Kiss
Hi forum, Tell me again that this is only a gentlemen's club.
xoxo

Most certainly classy enough.

Welcome to the club, friend.

Take good care of our boy micgoossens. Hope to catch up with you two - eventually - for some frivolity and good-times.

Wishing you and 'goosens all the best in 2019.
Hueristic
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January 04, 2019, 12:07:45 AM

Hi Bob, Classy enough?  Kiss

Hi forum, Tell me again that this is only a gentlemen's club.

xoxo

Begone foul wench! j/k Wink
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January 04, 2019, 12:12:00 AM



And let your hearts be filled with calm and faith in the BTC
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January 04, 2019, 12:14:18 AM

I am already wondering at what time does the party starts?  Angry
micgoossens
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BTFD, on to 15K a coin !!!!


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January 04, 2019, 12:17:04 AM
Merited by kurious (1)

Hi Bob, Classy enough?  Kiss
Hi forum, Tell me again that this is only a gentlemen's club.
xoxo

Most certainly classy enough.

Welcome to the club, friend.

Take good care of our boy micgoossens. Hope to catch up with you two - eventually - for some frivolity and good-times.

Wishing you and 'goosens all the best in 2019.

Haha thx

And in Belgium BTC has passed its 10th birthday so Lets go for another decade of Fun and amazing shit together
Cheesy

Last of the V8s
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Be a bank.


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January 04, 2019, 12:18:51 AM
Merited by kurious (1)

footage unearthed of roach calmly accumulating those precious metals
https://youtu.be/GwvwJYdjK9w
micgoossens
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BTFD, on to 15K a coin !!!!


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January 04, 2019, 12:48:52 AM

Sorry OT

via Imgflip Meme Generator

But liked it Roll Eyes

Into the HODLcave lights out

Good night WO’s
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January 04, 2019, 01:22:57 AM
Merited by HairyMaclairy (1), micgoossens (1)

I was out tonight, but I raised a glass to Mr Nakamoto's brilliant invention anyway, sadly unshared with any hodlers.

Now I am back to catch up and it looks like the WO has been on form.  Bitcoin might still be quiet, but if the mood in here is much to go by, things are looking up.

I can't remember missing a page here in years and yep, it can be fucked up and feisty, but sometimes there is nothing quite as wonderful as this place. 

Best thread on net... and I confess a strangely important part of my life, given I can't be the only one here who hasn't met a soul who posts here.

Belated best wishes to all the regulars on the WO thread; still going strong as the second decade of Bitcoin kicks off and, hopefully kicks ass.

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January 04, 2019, 01:43:03 AM

Hi Bob, Classy enough?  Kiss
Hi forum, Tell me again that this is only a gentlemen's club.
xoxo

Most certainly classy enough.

Welcome to the club, friend.

Take good care of our boy micgoossens. Hope to catch up with you two - eventually - for some frivolity and good-times.

Wishing you and 'goosens all the best in 2019.

Haha thx

And in Belgium BTC has passed its 10th birthday so Lets go for another decade of Fun and amazing shit together
Cheesy

Well said.  If the WO ever does meet up in Belgium, I would probably go Mic...  I know it pretty well and have always rather liked it there.
gembitz
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January 04, 2019, 02:41:47 AM

Sorry OT

via Imgflip Meme Generator

But liked it Roll Eyes

Into the HODLcave lights out

Good night WO’s

g'nite ~ sum cry moon Wink lol
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January 04, 2019, 02:57:22 AM



Seems god is bearish too  Undecided
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January 04, 2019, 03:01:19 AM

It’s a significant PR win for Bitmex.

No kidding:

  • 3 Bitmex logos.
  • 0 Bitcoin logos.

Oh well, let's see what The Times 2029 brings.
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January 04, 2019, 03:02:10 AM
Merited by micgoossens (1), Cryptoqueeen (1)





Hi Bob, Classy enough?  Kiss

Hi forum, Tell me again that this is only a gentlemen's club.

xoxo

 Hi MsMicG,
Nice touch with the BTC!  If you really want to class it up, you need more activity and merit:



Avatar-sized




Edit: My daughter picked the colour scheme.

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January 04, 2019, 03:21:49 AM

Quote
Every day that goes by and Bitcoin hasn’t collapsed due to legal or technical problems, that brings new information to the market. It increases the chance of Bitcoin’s eventual success and justifies a higher price.

-Hal Finney

Huge shame he's no longer with us. A brilliant mind and a gentleman.
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January 04, 2019, 03:37:23 AM

Hi Bob, Classy enough?  Kiss
Hi forum, Tell me again that this is only a gentlemen's club.
xoxo

Most certainly classy enough.

Welcome to the club, friend.

Take good care of our boy micgoossens. Hope to catch up with you two - eventually - for some frivolity and good-times.

Wishing you and 'goosens all the best in 2019.

Haha thx

And in Belgium BTC has passed its 10th birthday so Lets go for another decade of Fun and amazing shit together
Cheesy

Well said.  If the WO ever does meet up in Belgium, I would probably go Mic...  I know it pretty well and have always rather liked it there.

From my perspective on the other side of the pond, having not been to Belgium, it seems like Belgians are what the French would be if they weren't assholes.
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