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

[vroom]

[fillippone]

If #bitcoin markets have learned and have become more efficient,
then markets could front run next halving. Front run scenario could look like this:

https://twitter.com/100trillionUSD/status/1126095595851141120

One of my wildest (wet) dream. I am speaking about market efficiency, of course.

[d_eddie]

@kenzawak
Some of those places are on my to-do list. If you visit any of them, a few words would be appreciated.

And thanks for the merit!  

I'm already back home. I didn't have much time to check those out.
But if I do one day, I'll let you know.  
Only thing I can tell you is about the first address you posted, well about the area where it's located. Ryogoku is where Sumos train. You can go watch one of their sessions in the morning (gotta reserve in advance though).

Nice tip about sumo training! I've never seen it live, but I did meet a wrestler once in the metro. His clean baby smell (talcum powder) could be felt from a distance through the crowd. I managed a photo with the baby hulk.

About restaurants - My first tip would have been about this tofu-only place with an impressive menu, outstanding quality and reasonable prices, but I can't recall its name or location. It was 10 years ago, who knows if it's even still there. I'd like to go there again though.

You're vegetarian too ? Vegan even ?

No, but I'm open, and I have a vegan day once in a while just for the heck of it. Serious vegans go against our own biology IMO.

I know it's quite hard to be a veg in Japan, they will slip animal products everywhere without a warning - you probably know their basic dashi broth, used in almost everything they cook, is made with small fish about 50% of the time.

Sorry I had to reply here. It's so unconvenient to discuss travel destinations and other pleasantries with all these people posting OTs about this bit dollar thing, or whatever it's called... why don't they go somewhere else?

[nutildah]

The hacker sent funds to an address from which they can't be spent???

https://cryptopotato.com/did-binance-really-get-hacked-these-conspiracies-might-prove-otherwise/

Sounds like CZ has some serious haters. Of course the rollback idea is dumb. It was dumb when Ethereum did it, it's dumb now. Too bad he had to actually say that. He is/was one of my favorite crypto personalities.

[El duderino_]

I doubt it with all this roll back fud and talk, it's not even happening or being attempted and people are acting like the sky is falling.

It wouldn't even work.

I didn't saw any skies falling and even didn't really saw a lot of BTC'ers being bothered with it, what I definitely like

[fabiorem]

Any news on the China ban?

[El duderino_]

Any news on the China ban?

Yeah looks bad, we just went from 5860 to 5845 

[vroom]

The hacker sent funds to an address from which they can't be spent???

https://cryptopotato.com/did-binance-really-get-hacked-these-conspiracies-might-prove-otherwise/

Sounds like CZ has some serious haters. Of course the rollback idea is dumb. It was dumb when Ethereum did it, it's dumb now. Too bad he had to actually say that. He is/was one of my favorite crypto personalities.

Stupid article, can't they write why the coins can't be spent?

edit: I found the reason somewhere else.

Every Bitcoin transaction carries information about the wallets it's going to and from, the reasons you know it's a valid transaction and so on. Without the right information, the Bitcoin can't be spent.

One of the improvements of SegWit is that it rearranges this information and packs it more efficiently. Bech32 addresses are designed to read that information in the new and more efficient way that SegWit arranges it. But if it's not packed correctly, they can't read it.

So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.

That's what happened here. About 7,000 Bitcoin worth $40 million are now stuck.

It's like the Binance Bitcoin went on vacation but forgot their passport, and now they're stuck in an airport for eternity because border control won't let them out without a passport.

https://www.finder.com.au/binance-may-have-accidentally-burnt-40-million-in-segwit-migration

these binance guys are trying to conceal a big mistake with a hack that never happened.

[Torque]

So Binance hacked itself and will reimburse the victims with Binance tokens?

Right out of the ol' Bitfinex playbook 

[encycrypto]

So Binance hacked itself and will reimburse the victims with Binance tokens?

Right out of the ol' Bitfinex playbook 

Not really:

https://twitter.com/cz_binance/status/1126005587353821184

[VB1001]

Bitstamp to Expand US Operations by Hiring Former Coinbase Exec Hunter Merghart

European crypto exchange Bitstamp has appointed a former Coinbase executive as head of United States operations, Finance Magnates reports on May 8.

Bitstamp, an entrant of the top 50 crypto trading platforms by daily trading volume, has hired Hunter Merghart in a move to expand its operations in the U.S.,
following the recent acquisition of a virtual currency license from New York state’s financial regulator.

Merghart will be based in New York and will focus on working with Bitstamps’ new and existing clients — particularly targeting institutional clients — the report notes.

https://cointelegraph.com/news/bitstamp-to-expand-us-operations-by-hiring-former-coinbase-exec-hunter-merghart

[AlexGR]

Stupid article, can't they write why the coins can't be spent?

edit: I found the reason somewhere else.

....
So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.
....

I read the above and still don't get the problem. What type of address was needed before sending to Bech32 and why was it unspendable? And how can it be unspendable if it is sent back to the company's wallet and thus "proves" it's an inside job?

[Hueristic]

^
Thats the thing about kenzawak....  you would never guess he’s actualy a french guy

Does he shower?

[nutildah]

^
Thats the thing about kenzawak....  you would never guess he’s actualy a french guy

Does he shower?

French Baths...

That's cologne right?

[vroom]

Stupid article, can't they write why the coins can't be spent?

edit: I found the reason somewhere else.

....
So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.
....

I read the above and still don't get the problem. What type of address was needed before sending to Bech32 and why was it unspendable? And how can it be unspendable if it is sent back to the company's wallet and thus "proves" it's an inside job?

My explanation, but I'm not an expert: I think bech32 needs a segwit source address to work. The transaction went from a legacy address to the bech32 address and a second destination, a legacy address. The coins from the second destination were sent back.

[bitcoinPsycho]

[VB1001]

The theme of Binance smells very bad.....

If with all the garbage that goes out we keep going up:

BTCullish !!!

[jojo69]

Wait...so how do any of the REST of us avoid such a "mistake"??...need more details!!

The hacker sent funds to an address from which they can't be spent???

https://cryptopotato.com/did-binance-really-get-hacked-these-conspiracies-might-prove-otherwise/

Sounds like CZ has some serious haters. Of course the rollback idea is dumb. It was dumb when Ethereum did it, it's dumb now. Too bad he had to actually say that. He is/was one of my favorite crypto personalities.

Stupid article, can't they write why the coins can't be spent?

edit: I found the reason somewhere else.

Every Bitcoin transaction carries information about the wallets it's going to and from, the reasons you know it's a valid transaction and so on. Without the right information, the Bitcoin can't be spent.

One of the improvements of SegWit is that it rearranges this information and packs it more efficiently. Bech32 addresses are designed to read that information in the new and more efficient way that SegWit arranges it. But if it's not packed correctly, they can't read it.

So when you're sending Bitcoin to a Bech32 address, you need to make sure you're sending it from a type of address type that knows how to pack the information correctly. Otherwise it arrives in the Bech32 address without the information needed to be transferred again.

That's what happened here. About 7,000 Bitcoin worth $40 million are now stuck.

It's like the Binance Bitcoin went on vacation but forgot their passport, and now they're stuck in an airport for eternity because border control won't let them out without a passport.

https://www.finder.com.au/binance-may-have-accidentally-burnt-40-million-in-segwit-migration

these binance guys are trying to conceal a big mistake with a hack that never happened.

[VB1001]

NEWS: We’ve rolled out a fleet of  Bitcoin-selling rickshaws in Glasgow!
It’s a fun way to show the public just how easy Bitcoin is to buy and spend with.

https://twitter.com/BitcoinsFast/status/1125770197112107008

We have partnered with a local business to roll-out a fleet of Bitcoin-enabled pedal rickshaws on the streets of Glasgow. The rickshaws have been introduced to the city as an initial trial to demonstrate the ease and simplicity of buying and spending with Bitcoin to the general public.

Those wanting to ride the Fastbitcoins.com branded rickshaws can hail them once spotted, in the same way as regular cabs or rickshaws operating in the city. Passengers can choose to pay their fares in cash, but will also have an option to quickly and safely purchase Bitcoin vouchers from the back seat via a nifty point-of-sale terminal operated by the rider. Those who already possess the digital currency will be able to pay their fare using their own bitcoin on the Lightning Network.

https://blog.fastbitcoins.com/peddling-bitcoin-weve-just-rolled-out-bitcoin-selling-rickshaws-the-streets-of-glasgow/

Strange combination, a taxi with pedals and pay with BTC, nice.

[Syke]

Not really:

https://twitter.com/cz_binance/status/1126005587353821184

Holy shit, they actually got a bunch of people together to seriously consider performing a 51% attack on Bitcoin.

https://twitter.com/cz_binance/status/1125996194734399488