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

[VB1001]

#bitcoin Stock-to-Flow model made with only 2009-2012 data (black):

- correctly predicted $200-800 price after 2012 halving
- predicted $6-10k price after 2016 halving
- predicts $100k after 2020 halving
- $1mln after 2024

Updating model with new data lowers the prediction a bit.

https://twitter.com/100trillionUSD/status/1125866956907794432

Good Morning WO,s

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[fillippone]

gembitz is still in his Mom’s basement, furiously masturbating to midget porn, still waiting for $2,500.

weeeeee

I know it's a standard joke, but I used to have a serious relationship with a lady that was very short. She was also highly intelligent, and very hot.

Dynamite comes in small packages.

[Saint-loup]

Crypto exchange Binance founder and CEO Changpeng Zhao said the team is deciding on whether it will push for a rollback on the bitcoin network following a $40 million hack on the exchange earlier Wednesday.

Answering questions on whether the firm considers rolling back bitcoin network transactions, which would require pushing for consensus from major miners and mining pools to gather over 51 percent of the network’s total hashing power, Zhao said:

“To be honest, we can actually do this probably within the next a few days. But there’re concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin.”

He added that he has also seen a lot of people objecting to rollbacks since there are the “ethical and reputational considerations for the bitcoin network.”

“The team is still deciding that, and we are running through the numbers and checking everything,” he said. “It’s interesting that it’s a tech solution [suggested] to us by the community, including some of the core members of the bitcoin development team. We will consider that very, very carefully, with the feedback we are receiving.”

https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack

[windjc]

Crypto exchange Binance founder and CEO Changpeng Zhao said the team is deciding on whether it will push for a rollback on the bitcoin network following a $40 million hack on the exchange earlier Wednesday.

Answering questions on whether the firm considers rolling back bitcoin network transactions, which would require pushing for consensus from major miners and mining pools to gather over 51 percent of the network’s total hashing power, Zhao said:

“To be honest, we can actually do this probably within the next a few days. But there’re concerns that if we do a rollback on the bitcoin network at that scale, it may have some negative consequences, in terms of destroying the credibility for bitcoin.”

He added that he has also seen a lot of people objecting to rollbacks since there are the “ethical and reputational considerations for the bitcoin network.”

“The team is still deciding that, and we are running through the numbers and checking everything,” he said. “It’s interesting that it’s a tech solution [suggested] to us by the community, including some of the core members of the bitcoin development team. We will consider that very, very carefully, with the feedback we are receiving.”

https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack

Why did you leave out this part? FUD?

"UPDATE: After this article was published, Zhao said in a follow-up tweet that after speaking with various parties, the exchange decided it will not pursue the rollback approach. "

[discobean]

Crypto exchange Binance founder and CEO Changpeng Zhao said the team is deciding on whether it will push for a rollback on the bitcoin network following a $40 million hack on the exchange earlier Wednesday.

Fork and another air-drop come with it... rinse, repeat.

[Phil_S]

Really?

   

[Paashaas]

CZ...you said safu?   


apparently the hot wallet at Binance lost 7k corn...ouch.

Glad that they don't want a BTC rollback...

That would be ******.

[El duderino_]

but...but...

#safu??

Green alert perhaps?

[vroom]

CZ...you said safu?   


apparently the hot wallet at Binance lost 7k corn...ouch.

Glad that they don't want a BTC rollback...

That would be ******.

A consensuses for such a rollback would be madness. Every stupid fuck could demand a rollback for a lost wallet if they would allow it in this case.

[RapTarX]

Can someone poke him for once  

[machasm]

CZ...you said safu?   


apparently the hot wallet at Binance lost 7k corn...ouch.

Glad that they don't want a BTC rollback...

That would be ******.

A consensuses for such a rollback would be madness. Every stupid fuck could demand a rollback for a lost wallet if they would allow it in this case.

Indeed, I doubt that they would have been able to if they tried. This further illustrates the necessity of further distribution of the hash power and why centralisation is a bad thing when it comes to BTC.
I would be happier if we had further diversification in the hash power.

[El duderino_]

So far whats happening

-Micg source application still pending
-BTC teasing 6K
-GOT playing (still not fully convinced me, though i'm happy its out)
-Avengers crushing all the numbers (though I rather liked it more if the story was different)
-LFC crushF***ed Barca and made it to the finals
-LFC still has a very small chance but there is on to take the premier league title this weekend
-WO gaining few new good members, though missing a few OG's for a while
-r0ach, gembitz, rebal etc to remain useless
-My hometown just have processed a very disturbing murder of a 23y old young girl, committed by a know sex offender   (sick how it happened), she was on here bicycle on her way to the city, plain day ..... gets raped and killed.
-Again people all around me talking about BTC and suddenly doesn't give up there investment
-@current time me reading news, hanging out here while drinking coffee and fresh ginger thee

And so on

Have a great morning friends, many happy things are happening and same time some of the sickest sh*t as well, always to remind us how sick of people walking among us .....

[gentlemand]

CZ...you said safu?   


apparently the hot wallet at Binance lost 7k corn...ouch.

Glad that they don't want a BTC rollback...

That would be ******.

A consensuses for such a rollback would be madness. Every stupid fuck could demand a rollback for a lost wallet if they would allow it in this case.

Indeed, I doubt that they would have been able to if they tried. This further illustrates the necessity of further distribution of the hash power and why centralisation is a bad thing when it comes to BTC.
I would be happier if we had further diversification in the hash power.

Can't believe that fucking fool even said it out loud. I think he's marked himself as someone who'll turn into yet another dedicated enemy of BTC eventually with this. He has all the hallmarks.

[El duderino_]

I just spent the last hour stewing in my own anger and need to tweet regarding @cz_binance's threats to hijack the bitcoin network. /1

https://twitter.com/MikeMcDonald89/status/1126012866455191552
^
What to think of his tweet?

[HairyMaclairy]

CZ...you said safu?  


apparently the hot wallet at Binance lost 7k corn...ouch.

Glad that they don't want a BTC rollback...

That would be ******.

A consensuses for such a rollback would be madness. Every stupid fuck could demand a rollback for a lost wallet if they would allow it in this case.

Indeed, I doubt that they would have been able to if they tried. This further illustrates the necessity of further distribution of the hash power and why centralisation is a bad thing when it comes to BTC.
I would be happier if we had further diversification in the hash power.

Can't believe that fucking fool even said it out loud. I think he's marked himself as someone who'll turn into yet another dedicated enemy of BTC eventually with this. He has all the hallmarks.

BAHAHAAHAHAHHA.  Rollback?  BAHAHABABAAHAHAH

Never going to happen.  

It’s only $42 million. He can put it on his resume.

[kenzawak]

Common BELGIUM

@LFC

A Belgian qualifying Liverpool. Crazy night for you !

@LFC_Bitcoin, @Mic, @Pamoldar and others : good luck for tonight's game !

Thanks bother. We sill need 3 more goals with a clean-sheet. I hope we make it.

It's really stressful however Anfield is witnessing a great football match.

Good evening WO

Incredible, I love these kind of moments in sports when athletes give 100% and the crowd follows.

I was watching the game thinking about the PSG players who are so immature, so unprofessional and who for many of them will never experience anything like this (they're usually on the other side lol) . Sports is played with your heart, not just talent.

So, I guess we'll catch LFC in a couple of days. Let the 2-day hangover commence...

My thoughts go to him actually. He said yesterday he had given away his tickets to the game.
What mixed feelings he must be having today !

[El duderino_]

https://cryptobenelux.com/2019/05/08/prins-charles-krijgt-een-vraag-over-bitcoin-en-reageert-legendarisch/

[Cryptotourist]

Wait to buy when cryptotourist comes in here blubbing his eyes out.

Cute. Not going to happen. Not in this thread anyway.
Other than that I'm not as deep underwater as you might think.
I don't invest in many shitcoins, but the ones I do, I'm totally committed & follow through regardless of the initial/ongoing loss.

#

Binance? Really? Fuck me sideways.

[Last of the V8s]

Much more to this than meets the eye.

verlakkerij

[wachtwoord]

CZ...you said safu?   


apparently the hot wallet at Binance lost 7k corn...ouch.

Glad that they don't want a BTC rollback...

That would be ******.

A consensuses for such a rollback would be madness. Every stupid fuck could demand a rollback for a lost wallet if they would allow it in this case.

Indeed, I doubt that they would have been able to if they tried. This further illustrates the necessity of further distribution of the hash power and why centralisation is a bad thing when it comes to BTC.
I would be happier if we had further diversification in the hash power.

Of course they couldn't and I don't like the scammer implying he could (he knows he cant, he's not retarded). If they could have, Bitcoin's dead (like Ethereum).