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

[Hueristic]

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.

Not a shitcoin but it is not an investment vehicle.

[Hueristic]

Great that the BimbleWomble sidechain is coming together, but if it could add more than 3 bhp to the whole shebang, well that it would be a start

I'm going to call it Tari, or is that already taken?

[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.

[xhomerx10]

Cylinder Maximalist

 Don't worry, I have a plan for our little friend.  No whitepaper yet but I think those are overkill and cause a lot of unnecessary infighting.



edit: VeeCash! VeeCash! VeeCash!

uhhhhhhh

that's a straight 8

 The dev team told me it was two V8s stuck together!  Damn... they got 10% of the pre-mine too.

wtf? dunno how you've infiltrated my dev team, they're all nda-ed up the wazoo, but glad to see they downplayed it a bit. 70% is quite enough for the common people, less the ongoing founder's fees and so forth, and golden toilets for devs of beautiful new coins are mandatory nowadays you know

I'm working on a sidechain.

 You'll no doubt require at least 4 of those units.

[Toxic2040]

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.

+2 WOsMerit's

I agree that the tech behind MW and grin/beam appear interesting theoretically, but the infinite emission structure gives me pause. I guess I am just habituated to bitcoin. #dyor

We now return to our regularly scheduled program at grincointalk.org


----
1h

[Olegya199]

What do you think  about this graffity?

[El duderino_]

setting things straight as we speak

[HairyMaclairy]

[Last of the V8s]

What do you think  about this graffity?[sic]

I'm told memes are like porn. If you see the same one too often, it gets less fun.
You always need something new.
Maybe it's got something to do with the amygdala.

[HairyMaclairy]

Bear market not dinosaur market

[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...