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Question: Closing BTC Price June 28:
$0 - 5 (3.5%)
<$7,000 - 4 (2.8%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.7%)
$8,500-$8,999 - 3 (2.1%)
$9,000-$9,499 - 4 (2.8%)
$9,500-$9,999 - 26 (18.3%)
$10,000-$10,499 - 23 (16.2%)
$10,500-10,999 - 12 (8.5%)
$11,000-$11,499 - 13 (9.2%)
$11,500-$12,000 - 10 (7%)
>$12,000 - 30 (21.1%)
>$20,000 - 11 (7.7%)
Total Voters: 142

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21241158 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. (66 posts by 16 users deleted.)
jbreher
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January 13, 2019, 02:28:24 AM

Jbear

In your opinion, what are the odds that CSW is Satoshi?

I would be interested in you stating in clear terms what probability you consider this to be true?  I appreciate that certain things may be unknowable with present knowledge, but that is why we assign probabilities.  

So please tell us what is your probability that CSW is Satoshi.  

I dunno. Maybe one in twenty? In fifty?

Hard to place odds on something in which most of the variables are not available to be seen.
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BTCMILLIONAIRE
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January 13, 2019, 02:30:04 AM
Merited by Majormax (1)

A detailed argument for the bottom being in:

https://medium.com/@renato_shira/bitcoin-bottom-is-in-35ff1e2b9403

I don’t agree with it but worth considering.  

Quote
we can approximate the average price paid by people that have BTC now

I made it about this far into it(lies, I looked at the whole thing) before losing interest..   Sounds like another smallcoinerTM who bought the top. /s

From a purely theoretical view point, I applaud the energy put into trying to craft a reasonable fundamental metric for calculating bitcoins price. The reality is that we are still in a speculative market and I feel that is what will drive the price action for a considerable time to come.
Disagree with the bottom being in as well. The arguments and metrics he provides indicate that we could still see another leg down as well, which implies wishful thinking on his side to me.

The MVRV argument is solid though, and that is indeed expected to play out that way. Pretty sure that nobody is surprised by the notion that volatility will decrease with appreciating market capitalization though.
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January 13, 2019, 02:34:40 AM

via Imgflip Meme Generator

Didn’t use the whiskey tasting set yet, but gonna try already one
Which one to take
@BTCMILIONAIRE ??
Probably late, but I'd go with Glenfiddich or Macallan. The former is pretty smooth and easy to get into.

dammit I chivas regalt that whiskey, and still not used to it, it came in a normal glass with a small glass with ice on the side
just drunk it out of the glass with no ice
drunk it slow kept it a few seconds in the mouth.... ( tasted better as the first time) curious for the next one Cheesy
doing my best with this


Should be somewhat similar to Glenfiddich, in the sense that scotches from Speyside are usually smoother than others. Haven't tried that one myself yet. In general, there are a truckload of different flavour profiles though, so trying different ones each time until you get a clearer picture isn't a bad idea. Would definitely revisit ones that I've dismissed at any point as my palette develops though.
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January 13, 2019, 02:36:09 AM

Jbear

In your opinion, what are the odds that CSW is Satoshi?

I would be interested in you stating in clear terms what probability you consider this to be true?  I appreciate that certain things may be unknowable with present knowledge, but that is why we assign probabilities.  

So please tell us what is your probability that CSW is Satoshi.  

I dunno. Maybe one in twenty? In fifty?

Hard to place odds on something in which most of the variables are not available to be seen.

Ok.  So in broad brush strokes you would place the odds of CSW being Satoshi between 2 - 5%, which is “highly unlikely” in statistical terms.

Thank you that’s helpful
xhomerx10
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It's over 9000!


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January 13, 2019, 03:17:03 AM

starting haiku Sunday (EU time);

mic's game is coming
someone is expected to win
this time, why not me

 Wall Observer thread
 A young, slender frog lingers
 might be a gecko?

 

Avatar-sized

 
 
PoolMinor
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January 13, 2019, 03:51:18 AM

starting haiku Sunday (EU time);

mic's game is coming
someone is expected to win
this time, why not me

 Wall Observer thread
 A young, slender frog lingers
 might be a gecko?

  [imghttps://i.imgur.com/HVwxDFO.jpg[/img]http://Avatar-sized

 [imghttps://i.imgur.com/7QXL5FA.jpg[/img]
 

Hodl For Hopium
Drowned Fears For Uncertainty
Tomorrow Clears Doubt
infofront
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January 13, 2019, 04:04:04 AM
Merited by Last of the V8s (1), d_eddie (1)

All the news of advances for Bitcoin are nice.

But in LN some actors are entering the game ...,of dubious origin, banks, institutions, startups, supported by the same. Roll Eyes

This as news is fine, you do not have the coins immobilized in LN waiting.

Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

https://bitcoinmagazine.com/articles/bitrefill-channel-opening-service-makes-accepting-lightning-payments-easy/

I wouldn't worry about banks becoming major LN hubs anytime soon.

r0ach always posts his chart with Goldman Sachs, Chase, etc. as major LN hubs. What he doesn't tell you is that Theymos alone has more BTC than Goldman Sachs.

I can foresee an alternative scenario where the liquidity of LN is provided by all the cypherpunks, computer nerds, and libertarians who mined or bought most of the coins.
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January 13, 2019, 04:22:35 AM

starting haiku Sunday (EU time);

mic's game is coming
someone is expected to win
this time, why not me

 Wall Observer thread
 A young, slender frog lingers
 might be a gecko?

  

Avatar-sized

 
 

Fantastic and Sooooo inventive!
Thanks a lot. Let me just get it and install.
Somehow when i install the hat image, just the frog comes back, but not the frog on a hat together.
xhomerx10
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It's over 9000!


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January 13, 2019, 04:32:18 AM

^You just need to have patience.  Try logging out and back in and/or clearing your browser cache.  I can see you are changing it but right now there is no avatar.

edit: the original avatar is back
Biodom
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January 13, 2019, 04:36:07 AM

^You just need to have patience.  Try logging out and back in and/or clearing your browser cache.  I can see you are changing it but right now there is no avatar.

edit: the original avatar is back


sorry for being clumsy, but i uploaded the hat jpg file, yet it shows the original instead.
maybe the hat image actually consists of two, but they are not merged, or it is a silly explanation?


I uploaded the right thing, so I'll just wait.
Thanks again.
dogebearman
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January 13, 2019, 05:01:43 AM

What's going on here?



I was thinking about using this service, but all I can see is this....

Did anyone of you use it before?
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January 13, 2019, 05:26:41 AM


Not to be a downer but what is the plan for pirates? I'm not joking, thialand is not exactly the safest of waters.

https://www.telegraph.co.uk/news/worldnews/asia/thailand/5049498/Thailand-pirate-attack-wife-recounts-ordeal-trussed-up-like-chicken.html

http://time.com/piracy-southeast-asia-malacca-strait/
HairyMaclairy
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January 13, 2019, 06:24:34 AM
Last edit: January 13, 2019, 06:42:45 AM by HairyMaclairy

Also at 12 miles offshore you might still be in the Thai EEZ:   https://www.researchgate.net/figure/Thailand-Exclusive-Economic-Zone-EEZ-and-shelf-waters-of-200-m_fig1_308879259

Just move to the Caymans - zero tax.  

At a guess this is a similar price as the seastead - here is a modest house on the waterfront  for US$360k.

https://cayman.properties/en/for-sale/home-real-estate-cayman-cayman-brac-sea-view-house-with-apartment-for-sale-1954
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January 13, 2019, 06:54:56 AM

I don't really "get" seasteading either.
HairyMaclairy
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January 13, 2019, 06:58:52 AM
Merited by vapourminer (1), jojo69 (1)

Well it enables rule breaking.

So the real question is what rules are you going to break on your seastead?  

No AML would apply to Elwar while he is on his seastead so he could LocalBitcoin to his hearts content.  Maybe he will run ICOs from the seastead.  

If gets a bit more iffy once you go to port though.  And the USA will seek to apply their rules to you if you do business with US residents, use US dollars or the US banking system.   Which basically means any bank anywhere in the world.  Not Bitcoin tho.  

So an interesting proposal.
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January 13, 2019, 07:30:28 AM

All the news of advances for Bitcoin are nice.

But in LN some actors are entering the game ...,of dubious origin, banks, institutions, startups, supported by the same. Roll Eyes

This as news is fine, you do not have the coins immobilized in LN waiting.

Crypto payment platform Bitrefill has launched Thor, a service that allows customers to open Lightning channels on demand. Thor will connect to Bitrefill's node on the Lightning Network, allowing users to receive Lightning payments whether they have bitcoin loaded into their Lightning wallets or not.

https://bitcoinmagazine.com/articles/bitrefill-channel-opening-service-makes-accepting-lightning-payments-easy/

I wouldn't worry about banks becoming major LN hubs anytime soon.

r0ach always posts his chart with Goldman Sachs, Chase, etc. as major LN hubs. What he doesn't tell you is that Theymos alone has more BTC than Goldman Sachs.

I can foresee an alternative scenario where the liquidity of LN is provided by all the cypherpunks, computer nerds, and libertarians who mined or bought most of the coins.

Bitcoin is the first currency created and has to be, is, an asset, not a currency to pay for a coffee.
LN is a technology adapted to make quick micropayments, but from my point of view not with Bitcoin.
Wekkel
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yes


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January 13, 2019, 07:30:59 AM
Merited by Cryptotourist (1)

Well it enables rule breaking.

So the real question is what rules are you going to break on your seastead?  

About rule breaking: interview with Bittorrent guy (4-series) “Why BitTorrent Mattered — Bittorrent Lessons for Crypto (1 of 4)” by Simon Morris https://link.medium.com/ZnJUFMOerT
jojo69
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January 13, 2019, 08:15:03 AM

Well it enables rule breaking.

So the real question is what rules are you going to break on your seastead?  

About rule breaking: interview with Bittorrent guy (4-series) “Why BitTorrent Mattered — Bittorrent Lessons for Crypto (1 of 4)” by Simon Morris https://link.medium.com/ZnJUFMOerT

Pretty sure that was what Hairy was vamping on.  That article has got me thinking as well.

If you aren't going to break any rules...what is the fucking point.

Or put another way, it is not a matter of being in trouble or not, the state encroaches on everything, but choosing the best kind of trouble to be in.
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January 13, 2019, 08:18:52 AM
Last edit: January 13, 2019, 08:51:52 AM by ðºÞæ

Also at 12 miles offshore you might still be in the Thai EEZ:   https://www.researchgate.net/figure/Thailand-Exclusive-Economic-Zone-EEZ-and-shelf-waters-of-200-m_fig1_308879259

Just move to the Caymans - zero tax.  

At a guess this is a similar price as the seastead - here is a modest house on the waterfront  for US$360k.

https://cayman.properties/en/for-sale/home-real-estate-cayman-cayman-brac-sea-view-house-with-apartment-for-sale-1954
Country border is at 12 nautical miles, fishing rights extend to 200 miles. (No other country can commercially fish in the zone)
There would not be any sailing vessels cruising the oceans if piracy is real such an issue.


Edit:
Did have a quick check up and some country still use old 3 nautical mile rule.
At the end of the day it is a matter of economics what does it cost to enforce it. Tax collection is cheap in city and not economical with a days hike or drive in remote desert location.
https://en.wikipedia.org/wiki/Territorial_waters
HairyMaclairy
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January 13, 2019, 09:11:22 AM

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