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

[Hueristic]

https://ocean.builders/the-worlds-first-seastead-is-in-the-water/

World's first seastead is in the water.

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/

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[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

[infofront]

I don't really "get" seasteading either.

[HairyMaclairy]

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.

[VB1001]

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.

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]

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]

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.

[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]

[Cryptotourist]

All this poker talk makes me want to play, lol. Whats a good/legit site?

Not necessarily good, but it is legit. First 100 Satoshis are free

https://blockchain.poker

Also:
https://coinpoker.com/

Probably another Tony G scam.
Launched November 2017, selling 3500-4500 CHP per ETH, averaging around 35 cents per chip. Currently it's 1/5th of one cent.
That said, you get 1000 shitcoins CHP for free - to try things out - if you install on a mobile device (better not your 2FA device).

What surprises me is that they keep supporting/upgrading their software - which means that they haven't exited completely yet for some reason.

Other than that, Poker Stars of course, but from my experience, there is only one way to actually win there & that is to cheat (it's a rake rigged algo running).

[bitebits]

I am my own worst critic.  I would like to offer an alternative to the Pac caP; I think the trails show up better on this one.



Avatar-sized

You humble me, very much like the added detail!


Edit: I have the same difficulties. Uploaded the v2 avatar, but it is not displaying yet.

[P_Shep]

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.

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.

I see LN being service providers, like *ahem* PayPal, Visa, Mastercard, AmEx, et al. Used for making 'small' value transactions easier and cheaper. I use (some) of these services daily, if they run their own Node, I wouldn't have a too big a problem to use them to buy some milk and bread in the morning. Of course only this time, the majority of my BTC will remain in my possession, not the banks.

[VB1001]

^
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.

https://bitcointalk.org/index.php?topic=178336.msg49204780#msg49204780

[HairyMaclairy]

Volatility dropping hard. Calm before the storm.  Expect an explosive move within the next 48 hours.

[kurious]

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.

That article got me thinking, too - a great new way of looking at game-changing innovation. It shifted my perspective from thinking of a use case, to looking at a use case that breaks existing rules. It made a lot of sense and the precedents to prove it are pretty obvious and convincing.

[VB1001]

Volatility dropping hard. Calm before the storm.  Expect an explosive move within the next 48 hours.

Longs are the same as yesterday, shorts do not increase...
First go to 3500 to go back up, it seems to me.

[kurious]

Volatility dropping hard. Calm before the storm.  Expect an explosive move within the next 48 hours.

Longs are the same as yesterday, shorts do not increase...
First go to 3500 to go back up, it seems to me.

I think Hairy means a little more of a move than that.   It's likely to mean Monday sees a plunge to attack the 200MA line again, and then it either breaks or (I would hope) bounces back violently.

I do want to see something decisive. I hope it will prove my own thoughts, but this is Bitcoin....

[HairyMaclairy]

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.

That article got me thinking, too - a great new way of looking at game-changing innovation. It shifted my perspective from thinking of a use case, to looking at a use case that breaks existing rules. It made a lot of sense and the precedents to prove it are pretty obvious and convincing.

Yeah that’s the article I was referencing.  Great article.  Has actually shaped my thinking a bit.  Put permissioned blockchain to the sword in a way that I was struggling to articulate.

[VB1001]

It could be something like that, maybe close the leg in 3200.

[Last of the V8s]