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

[Hueristic]

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[marcus_of_augustus]

Happy 10th Birthday kid ... it's been real.

Ironic how there's still ink about financial debt problems on the front of the The Times 10 years on .... 

[xhomerx10]

https://twitter.com/Excellion/status/1080774231485407232
Happy 10th Birthday #Bitcoin! "A Million Dreams" for what you'll bring in the next ten! @boxmining @naomibrockwell @fluffypony @Cryptopoly @queentatiana @giacomozucco & @mir_btc sing their hearts out for you! This is the real #ProofOfKeys @TraceMayer. 🎶🌕
https://youtu.be/vBCVMwQpsXQ
proof of keys off key

That was 90% awful.

 I can only imagine the Ver/Wu and Wright/Ayre remixes of it.

[bitmover]

Iam Just going to leave this here.
Other perspective

[empowering]

https://twitter.com/Excellion/status/1080774231485407232
Happy 10th Birthday #Bitcoin! "A Million Dreams" for what you'll bring in the next ten! @boxmining @naomibrockwell @fluffypony @Cryptopoly @queentatiana @giacomozucco & @mir_btc sing their hearts out for you! This is the real #ProofOfKeys @TraceMayer. 🎶🌕
https://youtu.be/vBCVMwQpsXQ
proof of keys off key

Speechless

[El duderino_]

Iam Just going to leave this here.
Other perspective

Already been left here
 

But still its a Nice post and good perspective

[bitmover]

Already been left here
 

But still its a Nice post and good perspective

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

[El duderino_]

Already been left here
 

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

[jojo69]

I read 'em all

[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?

[Hueristic]

Hi Bob, Classy enough? 

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

xoxo

Begone foul wench! j/k

[StartupAnalyst]

And let your hearts be filled with calm and faith in the BTC

[bitserve]

I am already wondering at what time does the party starts? 

[El duderino_]

Hi Bob, Classy enough? 
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

[Last of the V8s]

footage unearthed of roach calmly accumulating those precious metals
https://youtu.be/GwvwJYdjK9w

[El duderino_]

Sorry OT

via Imgflip Meme Generator

But liked it

Into the HODLcave lights out

Good night WO’s

[kurious]

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.

[kurious]

Hi Bob, Classy enough? 
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

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]

Sorry OT

via Imgflip Meme Generator

But liked it

Into the HODLcave lights out

Good night WO’s

g'nite ~ sum cry moon lol

[criptix]

Seems god is bearish too