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

[HairyMaclairy]

Bear market not dinosaur market

[1713609791]

1713609791

[1713609791]

1713609791

[Last of the V8s]

setting things straight as we speak

nope. poloniex problems perfectly timed to shut that spike down
https://twitter.com/Poloniex/status/1086009030114463749

[yefi]

It's weird. It seems many of the old school bitcoiners who didn't pile on Monero are now piling on Grin.

Man, why would you want to pile into something that has such terrible inflation? Reminds me of when Zcash was trading at BTC parity...

[Aqualung89]

She better be here now. I didn't think I'd have such a bad season. We can say that funny things are starting to happen.

[yefi]

WHAT A DREAM

It wasn’t a dream, it was a premonition - A look into the future (2022)

I love how a bull run turns everything before it to a flat line. All the swings and the emotions diluted like a homeopathic remedy.

[cAPSLOCK]

I think it is a new asset in that as it is being established as a SoV at the same time as it's capabilities of a MoE are being bootstrapped.  I think most money has had to really become the first one before it could be the second, and I think Bitcoin is going to overlap more than that.

I see it slightly differently: that it's true calling, as it were, is as a personal, portable, permanent SoV. A kind of undying meta-wallet that we can trivially take across borders and generations. We can choose to grow our stash all our lives, give it to the state in taxes, pass it on, spend it, whatever - it is completely within our - the keyholder's - control. Not the border guards. Unbeholden to or trusting any third party, bank or societal construct. It becomes purely that part of us needed to exchange, from time to time, strategic value with others. In that sense, no other currency is needed.

But the means of exchange on an everyday basis, the buying a coffee, is a red herring. It has some importance, yes, but only to demonstrate atht the transfer of value can indeed be performed, trivially, securely and irreversibly. It's a kind of proof of concept to the doubters.

Undeniably, for banal shopping a credit card works better. Sometimes you don't trust the person you're buying from. In that case you're buying a judge for that credit card 3% who will usually side with you. I don't have a problem with that. In fact it seems perverse that fighting that service is the ditch Roger and Craig are happy to die in. Let 'em.

Very possible scenario...  Yet when the SoV aspect is mature I do not see why a robust MoE scenario would not be on tap.  My above post I am saying I think the two will overlap, but even if they don't once people are really using it for saving I cannot imagine they would not begin to get interested in spending as well... and there is NO reason credit cards cannot still be the tools we use to do it.

I agree Roger is a certain kind of ideologue who wants a world where there are no banks or middle men.  I get that.  And I know there are many people on this thread who want that as well... Hell, I like the idea too!  But the thing is, there will always be banks, and credit cards, and middle men, because they will always offer things most common people are not going to want to take responsibility for.  Custody, liquidity, credit...

[kurious]

https://twitter.com/RudyHavenstein/status/1085986454772183040

Same guy, further down his feed:

https://twitter.com/i/status/1086004489415360512

Something about this lady seemed intriguing.

[cAPSLOCK]

setting things straight as we speak

nope. poloniex problems perfectly timed to shut that spike down
https://twitter.com/Poloniex/status/1086009030114463749

Oh shit!  I am pretty sure I had a half dozen or so pinkcoin on there that they airdropped me 5 years ago!

How sad...

[Febo]

It's weird. It seems many of the old school bitcoiners who didn't pile on Monero are now piling on Grin.

Man, why would you want to pile into something that has such terrible inflation? Reminds me of when Zcash was trading at BTC parity...

ZCash was 2000 BTC.   Grin will have 100% yearly emission inflation second year and huge first year. Probably will reach bottom in BTC  4 years from now if developed right.

setting things straight as we speak

nope. poloniex problems perfectly timed to shut that spike down
https://twitter.com/Poloniex/status/1086009030114463749

Polo had maintenance announced for early today. They also tweeted that was resolved successfully but I guess was not.

[D. Lerk]

I think it is a new asset in that as it is being established as a SoV at the same time as it's capabilities of a MoE are being bootstrapped.  I think most money has had to really become the first one before it could be the second, and I think Bitcoin is going to overlap more than that.

I see it slightly differently: that it's true calling, as it were, is as a personal, portable, permanent SoV. A kind of undying meta-wallet that we can trivially take across borders and generations. We can choose to grow our stash all our lives, give it to the state in taxes, pass it on, spend it, whatever - it is completely within our - the keyholder's - control. Not the border guards. Unbeholden to or trusting any third party, bank or societal construct. It becomes purely that part of us needed to exchange, from time to time, strategic value with others. In that sense, no other currency is needed.

But the means of exchange on an everyday basis, the buying a coffee, is a red herring. It has some importance, yes, but only to demonstrate atht the transfer of value can indeed be performed, trivially, securely and irreversibly. It's a kind of proof of concept to the doubters.

Undeniably, for banal shopping a credit card works better. Sometimes you don't trust the person you're buying from. In that case you're buying a judge for that credit card 3% who will usually side with you. I don't have a problem with that. In fact it seems perverse that fighting that service is the ditch Roger and Craig are happy to die in. Let 'em.

Very possible scenario...  Yet when the SoV aspect is mature I do not see why a robust MoE scenario would not be on tap.  My above post I am saying I think the two will overlap, but even if they don't once people are really using it for saving I cannot imagine they would not begin to get interested in spending as well... and there is NO reason credit cards cannot still be the tools we use to do it.

I agree Roger is a certain kind of ideologue who wants a world where there are no banks or middle men.  I get that.  And I know there are many people on this thread who want that as well... Hell, I like the idea too!  But the thing is, there will always be banks, and credit cards, and middle men, because they will always offer things most common people are not going to want to take responsibility for.  Custody, liquidity, credit...

You're right, of course. We're just talking degrees. I suppose Bitcoin is a kind of Rorschach - people see in it reflections of their own concerns and emphases.

[kurious]

It's weird. It seems many of the old school bitcoiners who didn't pile on Monero are now piling on Grin.

Man, why would you want to pile into something that has such terrible inflation? Reminds me of when Zcash was trading at BTC parity...

ZCash was 2000 BTC.   Grin will have 100% yearly emission inflation second year and huge first year. Probably will reach bottom in BTC  4 years from now if developed right.

setting things straight as we speak

nope. poloniex problems perfectly timed to shut that spike down
https://twitter.com/Poloniex/status/1086009030114463749

Polo had maintenance announced for early today. They also tweeted that was resolved successfully but I guess was not.

Back online and functioning...

[Ibian]

Re: The riots are not dangerous guy: https://www.youtube.com/watch?v=KphVOUTxqLY

Nothing to see here, carry on.

[El duderino_]

last game playing of the evening, and already know my total balance over the sessions will be back UP
totally getting ONE rekt today

me happy

[BTCMILLIONAIRE]

Sideways, sideways....

Well... After the btcmillionaire more than successful subject about creating a self sustainable pond in his property... I would like to ask.... Anyone here has fully self-sustainable solar powered property? I have studied a lot about it, but some real life experience from another fellow WO'er would be great.

I think it is already at the point where it is cost efficient (more so considering where I live... SUN all the time!) and I am perfectly capable of doing everything myself and know my shit about buying stuff for way less that its usual price (either second hand or surplus) which will also help reduce the total cost substantially.

The property already has its own waterwell with enough capacity to fill the 125000 litres pool over a couple days. So it is only the power grid what I would like to cut off for a completely self sustainable property. My dream!

Will WO also deliver this time? lol

WO please, I understand that we're not on a 90 degree up course to the moon, but this thread has a reputation to uphold. Somebody respond to the man.

[Last of the V8s]

https://bitcointalk.org/index.php?topic=178336.msg49272177#msg49272177 ^
edit found another: https://bitcointalk.org/index.php?topic=178336.msg49271964#msg49271964

[BTCMILLIONAIRE]

https://bitcointalk.org/index.php?topic=178336.msg49272177#msg49272177 ^

Guess the non-English language made the entire post, including quote, just fly under my radar. I retract my former post. WO delivers.

Edit: Nevermind, I'm just blind.

[Bitcoinaire]

We're close to breaking out.

[sirazimuth]

I can't believe it . I actually figured it out.
I'm mining Grin... its Theymos approved so don't shit on me, okay chaps?
And besides, I need a shiggle and and grin in my old age....

[VB1001]

^^
It may be because of this:

Mimblewimble has privacy features, but it also has the first really impressive, true scaling solution in crypto. Privacy-wise, Monero is probably better overall, but its scaling is abysmal, and neither coin can be treated as an impenetrable black box.

https://bitcointalk.org/index.php?topic=5098450.msg49272582#msg49272582

I just replied on that thread. Grin is limited to 10 TPS, which is abysmal, and not much of a "true scaling solution".
It reduces blockchain bloat though.

Following ANN of Grin will see how it develops.

Thx.

Now we support Grin.
theymos:
Therefore, I'm happy to announce that the forum is now accepting grin payments automatically, probably the first site other than exchanges to do so. You'll find a link at the bottom of the evil-fee and copper-membership pages.

https://bitcointalk.org/index.php?topic=5098450.0
https://bitcointalk.org/index.php?action=credit;promote

 I don't want to sound disrespectful to Theymos. This is his house, and we are all guests here. I'm grateful for his efforts in maintaining this community through myriad challenges.

 Having said that, I'm not sure what i think about this.

 The fact that we already have ASIC's being deployed for this project leaves me extremely dubious. I understand that spinning up new ASIC's for crypto-du-jour is becoming a regular occurrence, now, but am not entirely sure what Grin brings to the table compared to BTC/Lightning.

 I'm being much more neutral-bearish-jaded, looking forward, than I was in 2018.

 Fuck 2018.

 No lube.

 HODL.

It is not my intention to disrespect anyone.

Later:

Satoshi(2)?

If it's true, it could be good for Bitcoin.

Mimblewimble is a protocol that was put forward by an "anonymous user in a Bitcoin developers chatroom" by the name of Tom Elvis Jedusor (the French name of fictional Harry Potter character, Voldemort). Mimblewimble itself is the name of a spell used to tongue-tie victims in Harry Potter. Jedusor left a link to a whitepaper in which he outlines that by using the Mimblewimble protocol, the scalability, as well as the privacy of the Bitcoin network, could significantly be enhanced.

https://www.mycryptopedia.com/mimblewimble-explained/

^
It can be a winning Altcoin, of course, but it can also be a disaster.

Bitcointalk for many is the Bitcoin temple. I'm surprised that you apply this change in the payment method so quickly, just this.

And they all think the same.

(I will connect a miner that I have this weekend, to remember old times....)

[Arriemoller]

What's the general consensus on Grin? Are we buying it or Is theymos trolling us again with another shitcoin? (remember howey) No address, no coins, sounds weird af. I don't know what to think about it.

 
With unlimited supply and 50 grins made every minute, it's destined to die young.