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

[encycrypto]

A premise: you wake up one day, and nobody knows anything about bitcoin (or any other crypto)...cypherpunk does exist, just no bitcoin..you, however, know as much as you know now.
Similar to "Yesterday" [the movie] premise, which is that all "Beatles" info got somehow erased from the mankind's collective memory with the exception of the main character (I am sure that there might be a twist in the end, though).
https://www.youtube.com/watch?v=6uqvgPm8U4c

I know that this is impossible, but what would you do?
Is someone here with a knowledge to reconstruct Satoshi's paper?
I am simply curious since I know the general outline, but probably wouldn't be able to properly formulate it.

I think we would have enough to go on (without looking at the paper):

• SHA 256 / Hashing
• Proof of work
• Difficulty retargeting
• 21 million cap, 100 million sats, halving every 4 years
• Miners to bundle transactions from mem pool, blocksize cap
• Blockchain / timechain / merkle trees
• Public key / private key addresses, sign to send
• validate UTXOs as unspent

One thing I don’t understand is how Bitcoin achieves consensus on time

While these do mostly describe bitcoin's protocol and terminology today, not all parts of the list were in the whitepaper.

Notably the blocksize cap, and especially the 21mil cap.

Idiots who use the whitepaper as a bible may yet pounce on this latter just as they pounced on the blocksize element.

Satoshi could've really made a very complex whitepaper, but it's interesting that he chose to keep it extremely simple by not including any difficult stuff.

Why did he do that?  

[BitcoinGirl.Club]

***ATTENTION***

Con man alert!

This guy will sell bCash scam shitcoin to you saying that that is Bitcoin.

[nutildah]

If some of you are interested, these are some of the places I went to today.

Little India and its temples

Hey, I remember that place. There was a huge pile of shoes outside at the time as service was in session. I stayed at a hotel in Chinatown just around the corner. Was there for New Year's Eve 2 years ago. My plane landed around 10 PM, searched for a club or bar that didn't have a cover charge, ended up going into an Indian bar and got roaring drunk right before midnight. Those guys know how to party.

I remember standing behind a statue of what appeared to be Mola Ram as the rain came down hard during the fireworks.



Its a cool place. The people were super friendly, and perhaps best of all, they all spoke English.

[HairyMaclairy]

A premise: you wake up one day, and nobody knows anything about bitcoin (or any other crypto)...cypherpunk does exist, just no bitcoin..you, however, know as much as you know now.
Similar to "Yesterday" [the movie] premise, which is that all "Beatles" info got somehow erased from the mankind's collective memory with the exception of the main character (I am sure that there might be a twist in the end, though).
https://www.youtube.com/watch?v=6uqvgPm8U4c

I know that this is impossible, but what would you do?
Is someone here with a knowledge to reconstruct Satoshi's paper?
I am simply curious since I know the general outline, but probably wouldn't be able to properly formulate it.

I think we would have enough to go on (without looking at the paper):

• SHA 256 / Hashing
• Proof of work
• Difficulty retargeting
• 21 million cap, 100 million sats, halving every 4 years
• Miners to bundle transactions from mem pool, blocksize cap
• Blockchain / timechain / merkle trees
• Public key / private key addresses, sign to send
• validate UTXOs as unspent

One thing I don’t understand is how Bitcoin achieves consensus on time

While these do mostly describe bitcoin's protocol and terminology today, not all parts of the list were in the whitepaper.

Notably the blocksize cap, and especially the 21mil cap.

Idiots who use the whitepaper as a bible may yet pounce on this latter just as they pounced on the blocksize element.

Fair comment. No fucks given re idiots, goal was to reconstruct Bitcoin. Those are both inseperable design elements. In particular, 21 million BTC is a hill I choose to die on.  

[nutildah]

***ATTENTION***

Con man alert!

This guy will sell bCash scam shitcoin to you saying that that is Bitcoin.

Still calling it Bitcoin Core I see... Jesus H. Ver... the man has no shame.

For "fun" I read a news story about what I thought was bitcoin at news.bitcoin.com... They ALWAYS put BCH in front of BTC, whether they are just casually mentioning it in a news article, showing the prices in their ticker, or on their "buy" page... the default option is... you guessed it! BCH!

Its not called BitcoinCash.com FFS.

Meanwhile the average BCH block size is 70k! Not 700k. Not 7,000k. 70! Nobody is using his shitcoin, ergo who gives a shit how big its blocks are. What bcash and sv freaks just don't get is that nobody wants to use a coin piloted by a charlatan.

[fillippone]

Must admit, that's a cool af ATM!

The machine is a one-way ATM, it only sells BTC, it doesn't buy it.

.... Well, not so cool then..!

Very cool machine stopping you selling your bitcoins when your mind is weak!
HODL!

[LFC_Bitcoin]

man still LFC have some tuff nuts to crack, SPURS and CHELSEA

was thinking of maybe going to see LFC-CHELSEA but still don't know

I have tickets for 3 more games this season -

Spurs
Porto (CL)
Chelsea

If you come for Chelsea that’d be cool.

[HairyMaclairy]

She’s big enough to see from space boys

[Last of the V8s]

Satoshi could've really made a very complex whitepaper, but it's interesting that he chose to keep it extremely simple by not including any difficult stuff.

Why did he do that?  

-the elements were mostly there, just need puzzling together
-it is quite simple at heart, though the code was more complex
-to attract folk (edit: added later lol)
-to make sure the CIA knew they were fucked from day one

[HairyMaclairy]

No moon yet though.  We still have months of turbulence ahead. 

[kenzawak]

your on the travel a lot i see, and always on the look for french....? be happy your away from them its a joke of-course cause you have proven to be a very kind/helpfull french yourself, btw i don't hate them, but when you visit french resto or social places then yeah, they can have some rude/arrogant attitude .... probably you know that better then me

I suppose you went to Paris ?
Waiters and taxi drivers have the reputation of being rude there, especially with tourists. Maybe it's the city life that doesn't suit them (Paris has become a mess in the past few years) and they get tense. Just talk back to them, they'll calm down lol.
People are usually more relaxed in smaller cities.
But you know there are assholes everywhere in France... and in the rest of the world. That's how it has become unfortunately.

P.S : glad to see some green again today !

[HairyMaclairy]

Satoshi could've really made a very complex whitepaper, but it's interesting that he chose to keep it extremely simple by not including any difficult stuff.

Why did he do that?  

-the elements were mostly there, just need puzzling together
-it is quite simple at heart, though the code was more complex
-to make sure the CIA knew they were fucked from day one

Agreed

+ the hardest thing you can do, is make complex things simple

[HairyMaclairy]

Con man alert!

This guy will sell bCash scam shitcoin to you saying that that is Bitcoin.

Still calling it Bitcoin Core I see... Jesus H. Ver... the man has no shame.

For "fun" I read a news story about what I thought was bitcoin at news.bitcoin.com... They ALWAYS put BCH in front of BTC, whether they are just casually mentioning it in a news article, showing the prices in their ticker, or on their "buy" page... the default option is... you guessed it! BCH!

Its not called BitcoinCash.com FFS.

Meanwhile the average BCH block size is 70k! Not 700k. Not 7,000k. 70! Nobody is using his shitcoin, ergo who gives a shit how big its blocks are. What bcash and sv freaks just don't get is that nobody wants to use a coin piloted by a charlatan.

Relax.  Roger Ver is irrelevant.  He is much better over there than in our community.  Let him quietly fade into obscurity while he burns all his btc trying to prop up his shitcoin.

[Last of the V8s]

Satoshi could've really made a very complex whitepaper, but it's interesting that he chose to keep it extremely simple by not including any difficult stuff.

Why did he do that?  

-the elements were mostly there, just need puzzling together
-it is quite simple at heart, though the code was more complex
-to make sure the CIA knew they were fucked from day one

Agreed

+ the hardest thing you can do, is make complex things simple

nota bene Shelby Moore III (@anonymint)

[HairyMaclairy]

Close to closing first two monthly candles in green since December 2017

[LFC_Bitcoin]

Close to closing first two monthly candles in green since December 2017

Keep it coming HM.

You’re the go to guy here for price projections, I’ve started to trust in you & even speak about your predictions to my girl.

Don’t let me down & be wrong, man.

[HairyMaclairy]

It’s good man but don’t get too excited.  We have months of shit to wade through.  These are important technical victories, not rocket launchers. 

[Last of the V8s]

I refuse to suck the Hairy dick.
Having said which, Hairy?
Did you ever show us a graph of your 260k call, and could you extend it out further to see the next bottom.

[JSRAW]

Relax.  Roger Ver is irrelevant.  He is much better over there than in our community.  Let him quietly fade into obscurity while he burns all his btc trying to prop up his shitcoin.

I remember his interview with Youtuber John Carvalho,

this guy is a psycho! a little demonstration.

https://www.youtube.com/watch?time_continue=132&v=oCOjCEth6xI

[VB1001]

This is interesting, let's go BTC!!!!

https://twitter.com/filbfilb/status/1111381914454126592

https://www.blockchain.com/en/charts/utxo-count