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

[BTCMILLIONAIRE]

As far as the productivity gap goes. Workers are more productive because of the tools the business owners acquire for their use. As such, the numbers are inaccurate for any worker that does not buy their own tools to use in the business.

The productivity tool is a laptop which costs perhaps $1k.  It is neither here nor there who buys the laptop - it’s only $1k.   It is what you do with the laptop that matters.

I agree that some of the costs aren't going to be relevant, but I don't think that someone doing "grunt work" (repetitive tasks) while using expensive tools is being as productive as those numbers seem to indicate.

I do not know how strong this effect is, but I doubt it's being sufficiently (or at all) considered given that there is literally zero mention of it. Alas, to me this metric seems like either a lack of statistical understanding or political use of statistics.

If there's an oversupply of workers who can use tools that leverage productivity doing the same tasks then naturally they will earn less.

That means that people are learning the wrong things more than anything though.

People have to learn that when there's an oversupply they should look for other avenues where they can leverage their income better. Too much supply lowers your relative productivity substantially, as such I dispute the claim that worker productivity has gone up. Given the sheer amount of low level tasks I'd lean towards assuming that it remained largely constant.


Also, the productivity tool is not just a laptop. Software, data, data processing (cloud computing) in the case of IT jobs are just some factors that the worker has no ownership of and thus can't be accredited with the increase in productivity that these provide.

[Olegya199]

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.

[BTCMILLIONAIRE]

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.

I'm starting to like the guy. Even if one could make an argument that he's trying to get attention.

Did CSW pull some new stunt recently though or what's the deal here?

[nutildah]

abort 'em all

conception is murder

Two of my favorite 80s albums. Metallica and The Smiths if I'm not mistaken.

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.

Good find. Glad to see even fewer people are putting up with Craig's insufferable tomfoolery. The man is a cancer on crypto.

https://micky.com.au/binances-cz-threatens-to-delist-bitcoin-sv-over-hodlonaut-threats/

[windjc]

abort 'em all

conception is murder

Two of my favorite 80s albums. Metallica and The Smiths if I'm not mistaken.

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.

Good find. Glad to see even fewer people are putting up with Craig's insufferable tomfoolery. The man is a cancer on crypto.

https://micky.com.au/binances-cz-threatens-to-delist-bitcoin-sv-over-hodlonaut-threats/

Glad I sold my 806 BSV last week.

[Lambie Slayer]

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.

Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things.

I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage.

But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force.

[BTCMILLIONAIRE]

Did CSW pull some new stunt recently though or what's the deal here?

He inferred he would pay $5k for the dox of one of his most vocal critics, Hodlnaut, so that way he could sue him for saying he's not Satoshi.

For a man who's supposedly very smart, he sure is retarded.

Wonder what the fuck is going on in that guy's head and how he became such a clown.

[Lambie Slayer]

I am not supporting illegal migration.  I am simply stating that much of the US economy runs on illegal migrant labor.  This is a fact.  

A fact that needs to change. Even it crashes the local economy. America will adapt, always has, always will.

And no, American teenagers do not want to pick bell peppers out of the dirt in the blazing sun for $2 per hour.  

And that's their whole fucking problem, isn't it? Coddled, spoiled, privileged, sitting on their fat asses drinking their $4 lattes and eating $7 avocado toast and $9 millionaire's bacon. All the while crying about illegals taking their jobs.

But no worries, when the world economy goes to shit... they'll learn... by picking free grown bell peppers in the blazing sun out of their back yards just to eat.

I had to google millionaire's bacon. I must try this soon.

Doesn't sound good.  I am already a bit reluctant to eat bacon because of sugar in the processing, but to add more sugar, that is not a good thing.

Don't get me wrong, I do like bacon, but geez.. adding more sugar to it, does not seem like a good direction to go, in terms of health impacts... but I would still try it out, just to say that I tried it.

Well just skip the millionaire bacon, and go for the more healthy BTCillionaire Bacon. Zero calories in 24k gold dust.  

"Pure gold is chemically inert and passes through the human digestive system without being absorbed into the body. Since 24-karat gold is very soft and fragile, most edible gold—whether leaf, flakes, or dust—also contains a little bit of silver, which is also inert."

https://slate.com/technology/2012/07/the-666-gold-wrapped-douche-burger-is-it-safe-to-eat-gold.html

[LFC_Bitcoin]

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.

Lol @ Zhao.

[600watt]

I know it s kind of brutal to insert some bitcoin related topic when all of you guys are busy exploring political stuff and I hope you will forgive me.

there was a conference on Malta where bitcoin professionals enlightened the world about what to expect in the coming months and what is possible right now. the understandingbitcoin conference will be held again in April 2020. I hope to see all of you there next year.

The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users.

Bitcoin hardware and software is often more configurable than people realize (or they do realize this but are unable to take advantage of it). Spread throughout the conference were 18 demos by leading Bitcoin developers and experts illustrating how to make the most out of available Bitcoin tools.

For your convenience, here is an overview of all of the demos:

Blockstream Green with a Hardware Wallet
In this demo, Blockstream engineer Domenico Gabriele showed how to help secure Blockstream Green with a hardware wallet.

Trezor Multisig With Electrum
In this demo, SatoshiLabs CTO Pavol Rusnak showed how to set this up with an Electrum wallet.

Core From Scratch
In this demo, Blockstream engineer Alekos Filini showed how to set up the most-used full node on the network today, Bitcoin Core, from scratch.

ABCore on Android
In this demo, Bitcoin developer Udi Wertheimer showed how to install ABCore on Android.

Cyphernode
In this demo, Bull Bitcoin CEO Francis Pouliot showed how to set up Cyphernode.

C-Lightning With Core
In this demo, Blockstream engineer Christian Decker showed how to install c-lightning on a Raspberry Pi.

Nodl Box
In this demo, Nodl Box developer Ketominer showcased the Hodl Box and several applications, including multiple Lightning wallets and the BTCPay Server.

Nix-Bitcoin
In this demo, Blockstream researcher Jonas Nick showcases Nix-Bitcoin with a specific emphasis on using it for Lightning.

Thor Turbo
In this demo, Bitrefill COO John Carvalho demonstrated how to use Thor Turbo.

Spark and Charge
In this demo, Bitcoin developer Nadav Ivgi showcased how to install and use Spark and Charge.

Slush Pool and “De-Eviling” the S9
In this demo, Braiins co-CEO Jan Čapek showed how to set up the Bitmain S9 with Braiins OS firmware. The demo also showed how to connect a mining machine to Slush Pool.

Wasabi
In this demo, Wasabi developer Adam Ficsor showed how to use Wasabi Wallet.

JoinMarket
In this demo, JoinMarket developer Adam Gibson showed how to install JoinMarket and how to leverage it as a regular user. (The demo did not show how to use it as a liquidity provider, however, which is slightly more complex.

Electrum Personal Server
In this demo, Electrum developer Chris Belcher shows how to set up and use an Electrum Personal Server.

goTenna Mesh Networks
In this demo, goTenna engineer Richard Myers showed how to send a bitcoin transaction over the goTenna network.

LoRaWAN Network
In this demo, Blockstream engineer Valerio Vaccaro showcased sending a bitcoin transaction over the LoRaWAN network.

SMS Push Transaction
In this demo, SatoshiLabs CTO Pavol Rusnak showcased sending a bitcoin transaction over SMS using the Electrum wallet.

Blockstream Satellite Network
In this demo, Blockstream CEO Adam Back and head of the Blockstream satellite project Chris Cook showcased receiving Bitcoin blocks over the Blockstream satellite network.

https://bitcoinmagazine.com/articles/understanding-bitcoin-demos-how-become-bitcoin-power-user/

links to live streams of the demos are included in the above bitcoin magazine article

[Lambie Slayer]

Did CSW pull some new stunt recently though or what's the deal here?

He inferred he would pay $5k for the dox of one of his most vocal critics, Hodlnaut, so that way he could sue him for saying he's not Satoshi.

For a man who's supposedly very smart, he sure is retarded.

Wonder what the fuck is going on in that guy's head and how he became such a clown.

Probably the billions of dollars worth of Bitcoins he sold cheap years ago to start retarded business ventures that all failed between 2011 and 2013 has driven him mad. He could have been a Billionaire just hodling but he never truly believed in sound money, just his own ego.

Now he lies cheats and steals in an attempt to regain what he squandered.

[Lambie Slayer]

Good morning WO's! I have a good news!
Changpen Zhao reminded that Craig Wright is not Satoshi, and even delisted Bitcoin SV from the stock exchange.

Lol @ Zhao.

Boss move. 

[JayJuanGee]

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.

Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things.

I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage.

But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force.

Ok.  That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations.

[Lambie Slayer]

Many stubborn Bears are underwater with their various shorts under 4200. Now we tease them a bit by dipping under 5k here and there, but soon we blast off to 6k and leave all bears who refuse to throw in the towel utterly REKT.

[JayJuanGee]

I am not supporting illegal migration.  I am simply stating that much of the US economy runs on illegal migrant labor.  This is a fact.  

A fact that needs to change. Even it crashes the local economy. America will adapt, always has, always will.

And no, American teenagers do not want to pick bell peppers out of the dirt in the blazing sun for $2 per hour.  

And that's their whole fucking problem, isn't it? Coddled, spoiled, privileged, sitting on their fat asses drinking their $4 lattes and eating $7 avocado toast and $9 millionaire's bacon. All the while crying about illegals taking their jobs.

But no worries, when the world economy goes to shit... they'll learn... by picking free grown bell peppers in the blazing sun out of their back yards just to eat.

I had to google millionaire's bacon. I must try this soon.

Doesn't sound good.  I am already a bit reluctant to eat bacon because of sugar in the processing, but to add more sugar, that is not a good thing.

Don't get me wrong, I do like bacon, but geez.. adding more sugar to it, does not seem like a good direction to go, in terms of health impacts... but I would still try it out, just to say that I tried it.

Well just skip the millionaire bacon, and go for the more healthy BTCillionaire Bacon. Zero calories in 24k gold dust.  

I agree that some of your further posting on the millionaire/billionaire bacon topic should cause a decent level of prude extraction from yours truly... and makes me want to try it, just to say that I did.

"Pure gold is chemically inert and passes through the human digestive system without being absorbed into the body. Since 24-karat gold is very soft and fragile, most edible gold—whether leaf, flakes, or dust—also contains a little bit of silver, which is also inert."

https://slate.com/technology/2012/07/the-666-gold-wrapped-douche-burger-is-it-safe-to-eat-gold.html

I am beginning to understand your various points, and surely better to eat gold, rather than bitcoins... since gold is not going to be worth anything in the future, as compared with bitcoin.

[Lambie Slayer]

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.

Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things.

I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage.

But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force.

Ok.  That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations.

Thanks. I believe a more prosperous Bitcoin based society will have many more resources to protect the vulnerable, and like you this is also important to me. Hopefully with life extension tech we can all live to see this future.

[Lambie Slayer]

I am not supporting illegal migration.  I am simply stating that much of the US economy runs on illegal migrant labor.  This is a fact.  

A fact that needs to change. Even it crashes the local economy. America will adapt, always has, always will.

And no, American teenagers do not want to pick bell peppers out of the dirt in the blazing sun for $2 per hour.  

And that's their whole fucking problem, isn't it? Coddled, spoiled, privileged, sitting on their fat asses drinking their $4 lattes and eating $7 avocado toast and $9 millionaire's bacon. All the while crying about illegals taking their jobs.

But no worries, when the world economy goes to shit... they'll learn... by picking free grown bell peppers in the blazing sun out of their back yards just to eat.

I had to google millionaire's bacon. I must try this soon.

Doesn't sound good.  I am already a bit reluctant to eat bacon because of sugar in the processing, but to add more sugar, that is not a good thing.

Don't get me wrong, I do like bacon, but geez.. adding more sugar to it, does not seem like a good direction to go, in terms of health impacts... but I would still try it out, just to say that I tried it.

Well just skip the millionaire bacon, and go for the more healthy BTCillionaire Bacon. Zero calories in 24k gold dust.  

I agree that some of your further posting on the millionaire/billionaire bacon topic should cause a decent level of prude extraction from yours truly... and makes me want to try it, just to say that I did.

"Pure gold is chemically inert and passes through the human digestive system without being absorbed into the body. Since 24-karat gold is very soft and fragile, most edible gold—whether leaf, flakes, or dust—also contains a little bit of silver, which is also inert."

https://slate.com/technology/2012/07/the-666-gold-wrapped-douche-burger-is-it-safe-to-eat-gold.html

I am beginning to understand your various points, and surely better to eat gold, rather than bitcoins... since gold is not going to be worth anything in the future, as compared with bitcoin.

Somewhere Roach is reading this and pissed, but too ashamed to come fight us

[JayJuanGee]

Did CSW pull some new stunt recently though or what's the deal here?

He inferred he would pay $5k for the dox of one of his most vocal critics, Hodlnaut, so that way he could sue him for saying he's not Satoshi.

For a man who's supposedly very smart, he sure is retarded.

Wonder what the fuck is going on in that guy's head and how he became such a clown.

Probably the billions of dollars worth of Bitcoins he sold cheap years ago to start retarded business ventures that all failed between 2011 and 2013 has driven him mad. He could have been a Billionaire just hodling but he never truly believed in sound money, just his own ego.

Now he lies cheats and steals in an attempt to regain what he squandered.

He never had anything.  He is a phoney who is just making shit up.

[JayJuanGee]

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.

Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things.

I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage.

But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force.

Ok.  That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations.

Thanks. I believe a more prosperous Bitcoin based society will have many more resources to protect the vulnerable, and like you this is also important to me. Hopefully with life extension tech we can all live to see this future.

Hahahaha.. you have me until the life extension tech.  W have a short time here on this planet, and maybe we can squeeze a few more years, here and there by eating healthy and engaging in healthy habits, but in the end, the grim reapers going to get us all.   Whether we only live into our 40s or if we have a more enduring life into our 100s.. I can  hardly imagine banging hookers, doing blow and donuting in lambos into my 100s, so I plan to engage in those activities prior to my meat wagon causing me too many limitations in those regards.

[JayJuanGee]

[edited out]

Somewhere Roach is reading this and pissed, but too ashamed to come fight us

I doubt we are getting rid of Roach so easily.  He will be back spouting out his pm pumping nonsense.. and racial baloney.

  He has no shame, even when he is 100% wrong.