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

[sirazimuth]

Loosers ...

is that even a word??  

[Last of the V8s]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

[HairyMaclairy]

Liverpool family treats New Zealand beach like they treat their home, gets deported

https://www.odt.co.nz/news/national/tourists-speak-out-deportation-looms

[kurious]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

Been watching the Grin Github devs' feed for months and was actually relieved to see the genesis block was today (finally), so not long to find out how it fits in. 

I think the endless constant emission design was a surprise (negative one IMHO) but not at all like Monero's tail emission - which is by contrast a minimal amount, far less than lost coins would be and it's arguably possible it 'may' prove to secure the network long term as a miner incentive that other POW projects lack.  Grin seems not to want to even scale down at all.  We will have to see if this is fatal, but whatever the case for Grin, I personally don't think Monero's is comparable.

As for if it takes away from Monero's position as the only credible privacy coin - I don't know.  If it becomes an optional side chain tech for Bitcoin, then maybe Monero is safe with a role as a stand-alone tech with a use case.

Disclosure: 

I should admit I have been trying to mine Grin today, but to my great shame I am hopeless at CLI stuff and have given up after syncing the miner to the chain but not being able to work out how to make the damn thing actually mine.  This is of course due to a level of incompetence in command line stuff that most here would no doubt find astounding.

[Arriemoller]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

MW can be implemented on a second layer or as a sidechain with BTC I believe.

So, how many grins will ever be made?

[kenzawak]

Cryptopia's hack, Ethereum's fork delayed, ETF probably denied thanks to the shutdown, Bakkt maybe delayed to April... mehhh, no need to worry.

[Biodom]

Cryptopia's hack, Ethereum's fork delayed, ETF probably denied thanks to the shutdown, Bakkt maybe delayed to April... mehhh, no need to worry.

While I generally agree, let's not simplify things.
Miners are experiencing stress (losing money) as we speak.
BTC is running on POW, which is probably profitable in a fewer and fewer places right now.

[kurious]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

MW can be implemented on a second layer or as a sidechain with BTC I believe.

So, how many grins will ever be made?

Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m).  That is not designed to change.  So it's infinite.

[Arriemoller]

Liverpool family treats New Zealand beach like they treat their home, gets deported

https://www.odt.co.nz/news/national/tourists-speak-out-deportation-looms

Well, they are travelers, I hate those guys.
Every summer we have travelers from England driving along the countryside in Sweden trying to "fix a roof" or "Laying asphalt" or some other stuff like that. They do a bad job and ask for excessive payment and and dump their trash everywhere and threaten people who complain.
Every summer there are warnings about these guys in the paper.

[Arriemoller]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

MW can be implemented on a second layer or as a sidechain with BTC I believe.

So, how many grins will ever be made?

Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m).  That is not designed to change.  So it's infinite.

Well, if it's infinite it won't be worth anything. That's Economics 101.

[El duderino_]

FS you try an do good round here you get banned.

Loosers hehe

THX for posting that one



gives me a reason to AGAIN post the kind of crazy F*** I am
and how committed I must be

still love that rollercoaster F***er on my arm and didn't regret it for 1 second

[Arriemoller]

Liverpool family treats New Zealand beach like they treat their home, gets deported

https://www.odt.co.nz/news/national/tourists-speak-out-deportation-looms

Well, they are travelers, I hate those guys.
Every summer we have travelers from England driving along the countryside in Sweden trying to "fix a roof" or "Laying asphalt" or some other stuff like that. They do a bad job and ask for excessive payment and and dump their trash everywhere and threaten people who complain.
Every summer there are warnings about these guys in the paper.

And also, they speak a weird, totally incomprehensible English.

[bitserve]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

[somac.]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

MW can be implemented on a second layer or as a sidechain with BTC I believe.

So, how many grins will ever be made?

Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m).  That is not designed to change.  So it's infinite.

Well, if it's infinite it won't be worth anything. That's Economics 101.

That would be my understanding too, which has killed a lot interest that I initially had for it. However, how many other coins are like this? and how many of those have gone from low value to a high value.

Monero? But isn't their supply cut down to only 0.3 every block at some point?

Even with open ended supply it still seems that a lot of money can be made in the medium-term even if long-term it is destined for disaster.

50 every minute forever seems like a awful lot though.

[d_eddie]

FS you try an do good round here you get banned.

Loosers hehe

Now I see what happened, and why I got some sweet merit from you.
I won't thank you, though. It's to keep you out of trouble ;-)

[goldkingcoiner]

https://twitter.com/longhashdata/status/1085015781736251392
https://www.longhash.com/news/bakkt-bitcoin-etf-fail-to-get-green-light-amid-us-government-shutdown

delayed again? BAKKT?

All my hate.

[El duderino_]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

the times you see the posters from meta throwing 20-30-40-50 to each other is not any better ..... (I know I have been getting some big loads as well from generous guys in here.... but I do try to spread them around, it just must be to people I think are in here with best intentions and coiners)

[yefi]

https://bitcointalk.org/index.php?topic=5096275.0
^
I suggest fill UP and win some

Thanks, I may well do

[Arriemoller]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

MW can be implemented on a second layer or as a sidechain with BTC I believe.

So, how many grins will ever be made?

Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m).  That is not designed to change.  So it's infinite.

Well, if it's infinite it won't be worth anything. That's Economics 101.

That would be my understanding too, which has killed a lot interest that I initially had for it. However, how many other coins are like this? and how many of those have gone from low value to a high value.

Monero? But isn't their supply cut down to only 0.3 every block at some point?

Even with open ended supply it still seems that a lot of money can be made in the medium-term even if long-term it is destined for disaster.

50 every minute forever seems like a awful lot though.

Indeed, it will be the Zimbabwean dollar of crypto.

[d_eddie]

Interesting Wired article... maybe pertinent to the WOber thread?
(Apologies if already linked as its 4 days old... I know,that's ancient history in crypto,and tbh
I don't obsess over this thread so much as I used too, fair weather fan and such....)

https://www.wired.com/story/the-exaggerated-promise-of-data-mining/

In 2018, a Yale economics professor and a graduate student calculated correlations between daily changes in Bitcoin prices and hundreds of other financial variables. They found that Bitcoin prices were positively correlated with stock returns in the consumer goods and health care industries, and that they were negatively correlated with stock returns in the fabricated products and metal mining industries. “We don’t give explanations," the professor said, "we just document this behavior.” In other words, they may as well have looked at correlations of Bitcoin prices with hundreds of lists of telephone numbers and reported the highest correlations.

I don't get the point of that article. It says that looking for any correlations is going to find some, no matter what. So what? Correlation is not causation. Making sense of the (confirmed) correlations one finds requires insight, that's all.