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

[jbreher]

Because in the fractional reserve banking system, the vast majority of the money that banks loan does not exist until the very moment the loan is made. It is the indebtedness itself that zaps the money into existence. As such, the 'principal' is something that the bank would not have to lend you (or to use for any other purpose), as that money does not even exist before the loan is made. The bank acts like this principal is their money that they are lending. But if it is the very act of borrowing it that zaps it into existence, was it really the bank's to begin with? (Of course not) Why could the borrower not zap it into existence themselves? Only because the bank has been granted under colour of law this exclusive ability to counterfeit new money into existence. And worse, when it is repaid, it is paid to the bank. Money that the bank did not have until the act of the loan zapped it into existence. And to add insult to injury, the bank not only gets this newly created money, they charge interest to the borrower for the privilege of being allowed to counterfeit this money into existence.

Bizarre, but it's the motherfuckin' truth.

Sure - if you can find a way to fix that, and allow for partial reserve banking, I'm willing to listen to your ideas. But if you're feeding me a turd that's been sprayed in gold paint, I ain't gonna go for that.

Response to yours lightfoot's post (omitted for space).

....

Do not get fooled by Jbrehers copy pasting tactics, this guy is fake.

^^^???

[1714912332]

1714912332

[jbreher]

Do not get fooled by Jbrehers copy pasting tactics, this guy is fake.

I am not under the impression that jbreher is of the copy/paste type.

Also that post was about banking in general and had nothing to do with BCash, Bitcoin, or disrupting the financial system.

Thanks for quoting it though, completely forgot about that.

Care to respond jbreher? Genuinely curious.

I dunno... respond to what?

Paashaas has once again charged in making a complete fool out of him/herself. Plagiarism? Is that the charge? Simply no. Composed in the moment by yours truly. If Paashaas wants to level such a charge, then let Paashaas find the source from whence this was supposedly copied. Of course, the effort will go unrewarded, as such a source existeth not.

I do have two fake teeth, though.

In closing, consider the source. Meaningful insights rendered by Paashaas? Any examples extant?

[jbreher]

The more moving parts the more things can go wrong. I continue to maintain that segwit and lightning was a mistake. Bigger blocks has the same net result and there are no new potential attack vectors. Or any confusion about how the heck it all works (which nobody had clear answers for when it was asked - a big fucking red flag in any situation).

ikr?

[jbreher]

A horse has less moving parts than a Ferrari... 

False statement is false.

[Hueristic]

One bCash address is responsible for nearly 50% of the network’s transactions in the past month.

https://blockchair.com/bitcoin-cash/address/1b1itzeSKYEKhdcthUSnNJ47Fx2U8Zwwn.

https://www.theblockcrypto.com/tiny/one-bitcoin-cash-address-is-responsible-for-nearly-50-percent-of-the-networks-transactions-in-the-past-month/

Seriously though, why would you bother to continue to flog that dead horse?

I got another beauty: ETH changed his narrative from unstoppable Dapps into digital money.

Eth has that special little thing that it only shares with Bitcoin. It's been formally stated to not be a security by the US government.

Honestly eth isn't a shitcoin in my eyes.

Really? download the chain and run a local wallet. I'll wait a month and see if you have accomplished that.

Eh no issue in running a pruned node in Eth, I don't need to know the in between bullshit.

Let's see what happens when IF they release ETH classic, ETH ETH 2.0.

FTFY.

[LFC_Bitcoin]

#COMMONLeicester

Watching it right now

@LFC, Pamoldar, let it happen

What are the chances of Kompany doing that ever again?

We are cursed

I’m going to bed, feeling really fucking sad.

[HairyMaclairy]

https://twitter.com/matt_odell/status/1125453769116925953

Except you can easily run nodes being burried, I'd suggest a SBC with battery bank, and in a sealed off PVC with a gasket allowing a cable to a solar panel and a ham attena.

You don't even need nodes indoors in centralized locations.

Drop enough ordinance and your node can be distributed too

[HairyMaclairy]

Wow I go into the jungle for four days with only a single phone charge and a flickering one bar 3G signal and come out to 40+ pages and $300 price hike.  Nice work guys - well done.  A mission to climb back to the tip of the thread but made it. 

[HairyMaclairy]

Taproot would expand on Bitcoin’s smart contract flexibility, while offering more privacy in doing so. Even the most complex smart contracts would, on the blockchain, typically be indistinguishable from regular transactions.

https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin/

re-post to bring to the fore

Yeah that’s more than a 60 second skim.  Basically offchain smart contracts + fungibility/privacy.  Wonder if coloured coins will make a comeback.

[Last of the V8s]

Burying some cryptosteels?

[El duderino_]

GOT, episode 4 finished, not gonna give any spoilers, but F*** why did that happened!!!!!

Into HODLsleep not to long from now .....

[El duderino_]

#COMMONLeicester

Watching it right now

@LFC, Pamoldar, let it happen

What are the chances of Kompany doing that ever again?

We are cursed

I’m going to bed, feeling really fucking sad.

That, I guess never.......... but F*** what a goal 

Still pity

[Last of the V8s]

https://www.youtube.com/watch?v=CDH-vJx5Ong Vincent Kompany Goal
what a kunt
sorry lads

[Hueristic]

https://www.youtube.com/watch?v=CDH-vJx5Ong Vincent Kompany Goal
what a kunt
sorry lads

Holy shit that was ridiculous.

[El duderino_]

https://www.youtube.com/watch?v=CDH-vJx5Ong Vincent Kompany Goal
what a kunt
sorry lads

Holy shit that was ridiculous.

It was an awesome goal for a “non” striker.... but especially the importance and timing for him and that team, but man I hate it....

[_javier_]

GOT, episode 4 finished, not gonna give any spoilers, but F*** why did that happened!!!!!

Into HODLsleep not to long from now .....

i read something earlier here today.. please no GOT spoilers... i´m watching E4 tonight  

btw, i saw Homeland S7 this weekend.. they mentioned bitcoin when Carrie´s laptop was infected with a ransomware..  

I hope one day our beloved coin will be named in a positive way

[fillippone]

Taproot would expand on Bitcoin’s smart contract flexibility, while offering more privacy in doing so. Even the most complex smart contracts would, on the blockchain, typically be indistinguishable from regular transactions.

https://bitcoinmagazine.com/articles/taproot-coming-what-it-and-how-it-will-benefit-bitcoin/

re-post to bring to the fore

Adding this source:

https://www.coindesk.com/new-bips-hint-at-upcoming-taproot-bitcoin-soft-fork

The more you build on bitcoin the more it is difficult to change the protocol.
With L2 solution (LN and  Liquid) being more and more widespread, and L3 solutions over the horizon (see my monthly recap) I guess those are the last possible chances to get something done at protocol level.
Protocol immutability is a feature, not a bug.
Nobody in her right mind would change the TCP/IP and Bitcoin is the TCP/IP of the internet money.

[Hueristic]

https://www.youtube.com/watch?v=CDH-vJx5Ong Vincent Kompany Goal
what a kunt
sorry lads

Holy shit that was ridiculous.

It was an awesome goal for a “non” striker.... but especially the importance and timing for him and that team, but man I hate it....

He was wide open, at least thats what we call it when a WR is uncovered.

[spooderman]

cut your loose everybody

[jojo69]

Re "pics or it didn't happen" the other day, here is my neighbor's car on the trailer yesterday ready to go to the drags today and a shot of our alley.

Funny.  Your neighbors must adore you lot.

I'm the one with the no joke rock band in the living room...who am I to complain about a few burnouts.