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

[AlcoHoDL]

Guys...

Earlier today I was walking on the street when I saw the innards of a USB stick on the pavement. It had been lying there for a while, had been stepped on by passers-by several times, but looked like it could be readable. I saw it, walked past it, and kept walking away...

Until it hit me: what if this little thing lying on the ground contains the private key to a massive BTC wallet? I thought, naaah, no way... But I couldn't escape the thought. I went back and picked it up!!! Tried to read it just now, but no dice. It was as DEAD as a cockr0ach smashed by a 400oz gold bar!

Has this ever happened to you? With USB sticks or old HDs/PCs? I mean, the urge to check the contents for keys?

I'm paranoid, I know...

[realr0ach]

...

Did you really think Chinese pump and dump scammers rigging Bitcoin into an artificial bubble could fool r0ach the physical silver barbarian?  You can't even grow hair on your arms.

[Hueristic]

$350K entrance fee, and everyone gets a lambo, a pile of blow, and a high class hoe.

Is the Lambo negotiable? I think they suck.

I'll take a

[jonoiv]

Wait, so Bitcoin has 'developers' that can play God and alter my digital shitcoins in ways that I don't want?  What happens when the developer does this to my physical metals??? Oh wait....they can't!  Which is one reason metals are money and Bitcoin isn't.

Have you ever bought anything with physical silver or good?
Metals were used as money hundreds of years ago. Physical metals are primarily a store of value now.

Imagine going into a grocery store & trying to buy stuff with silver
That will never change in our lifetime.

As Will never ever change, you can’t cut silver in instant small pieces to pay and change or whatever, BTC of-course all is possible with

But to be fair silver doesn't need an internet connection, and wait for 6 people to sign an affidavit.

[Hueristic]

What are your preferences for the 100K party, r0ach?

We can have the $0k party in my basement.

Get the fuck out of here roach.

Grandma is not dead yet, so it's grandma's basement, not "my" basement.       And, you really think grandma is going to handmedown her basement, especially with your bad financial judgement that leaves you largely in negative equity hoarding those worthless pms and screwing away the family's wealth with your ongoing bad investment choices?

Ohh come one now JJ, I bet she would serve up nice triangle cut PB and J's with the crust neatly trimmed off for all his friends hes been talking about for years.

I never quote the roach but I gotta admit this one was funny.

[Ibian]

Guys...

Earlier today I was walking on the street when I saw the innards of a USB stick on the pavement. It had been lying there for a while, had been stepped on by passers-by several times, but looked like it could be readable. I saw it, walked past it, and kept walking away...

Until it hit me: what if this little thing lying on the ground contains the private key to a massive BTC wallet? I thought, naaah, no way... But I couldn't escape the thought. I went back and picked it up!!! Tried to read it just now, but no dice. It was as DEAD as a cockr0ach smashed by a 400oz gold bar!

Has this ever happened to you? With USB sticks or old HDs/PCs? I mean, the urge to check the contents for keys?

I'm paranoid, I know...

I got a harddrive from a laptop that broke. I know for a fact that it has old wallets on it, and that they are empty. Still gonna get the thing copied just to make sure.

It also possibly holds some other things I wanna keep, such as a copy of the original Colonization. Google has not been helpful in finding it elsewhere.

[realr0ach]

But to be fair silver doesn't need an internet connection, and wait for 6 people to sign an affidavit.

Do not tell the goyim such things, they have already been requisitioned for a different purpose:

[LFC_Bitcoin]

On a side note, I think Kenzawak and my path could cross sooner. The only drawback I can think of is I travel as a bag packer, and he's a slightly fancy traveler.

That’d be cool if you two guys met. Where are you from, India? I’ve never been, I do plan to visit Goa though.

[dyask]

Imagine going into a grocery store & trying to buy stuff with silver

As if people don't already use metal coins every single day already and have done so for the last 5000 years.  All metals revaluation does is give you options of higher denomination coins.  In any type of metals system it's never just gold only that's used, it's gold, silver, and copper.  Post metals revaluation would look something like this:

$10,000 1 oz gold
$5,000   1/2 oz gold
$1000    1/10th oz gold
$500      1/20th oz gold

$200 1 oz silver
$100 1/2 oz silver
$20   1/10th oz silver
$10   1/20th oz silver

$2       1 oz copper
$1       1/2 oz copper
$0.20  1/10th oz copper
$0.10  1/20th oz copper

Pennies pre-metals revaluation currently cost something like 1.8 cents to make.  They would probably use aluminum coins or something for coin denominations below copper like the penny.  That was the lowball estimate for silver. It's also possible silver could be a lot higher at something like 20:1 GSR with:

$500   1 oz silver
$50     1/10th oz silver
$25     1/20th oz silver

$5        1 oz copper
$2.50   1/2 oz copper
$0.50   1/10th oz copper
$0.25   1/20th oz copper

In the lowball figure, silver is still a +13.5x while gold is a +7.7x.  In the highball figure, silver is +33x vs gold's 7.7x.  If you used the lowball figure, you would likely pay 1/20th an ounce of silver for a pizza and the price would remain the same for decades.  If you tried to price the pizza in Bitcoin...it's not even possible to have anywhere near a remotely stable price in Bitcoin over a short period let alone decades, which is another reason it's useless as money and is just a Ponzi scheme.

In many parts of the world it is getting harder to use coins.   For example in China now many vending machines require a smartphone to purchase a cheap drink.   Money is no longer tied to the value of metal.

Also it must burn you know the 1 BTC is worth more than 1 oz of gold.   

[somac.]

Guys...

Earlier today I was walking on the street when I saw the innards of a USB stick on the pavement. It had been lying there for a while, had been stepped on by passers-by several times, but looked like it could be readable. I saw it, walked past it, and kept walking away...

Until it hit me: what if this little thing lying on the ground contains the private key to a massive BTC wallet? I thought, naaah, no way... But I couldn't escape the thought. I went back and picked it up!!! Tried to read it just now, but no dice. It was as DEAD as a cockr0ach smashed by a 400oz gold bar!

Has this ever happened to you? With USB sticks or old HDs/PCs? I mean, the urge to check the contents for keys?

I'm paranoid, I know...

Be careful with random USB sticks. It's a major security issue and there have been plenty of incidents where malware transfers that way. When you find a USB don't go inserting that thing without protection  

[realr0ach]

For example in China now many vending machines require a smartphone to purchase a cheap drink.

In real nations that aren't China, humans simply exterminate their govt when they try to force the Chinese social credit score system on them.

[somac.]

Guys...

Earlier today I was walking on the street when I saw the innards of a USB stick on the pavement. It had been lying there for a while, had been stepped on by passers-by several times, but looked like it could be readable. I saw it, walked past it, and kept walking away...

Until it hit me: what if this little thing lying on the ground contains the private key to a massive BTC wallet? I thought, naaah, no way... But I couldn't escape the thought. I went back and picked it up!!! Tried to read it just now, but no dice. It was as DEAD as a cockr0ach smashed by a 400oz gold bar!

Has this ever happened to you? With USB sticks or old HDs/PCs? I mean, the urge to check the contents for keys?

I'm paranoid, I know...

I got a harddrive from a laptop that broke. I know for a fact that it has old wallets on it, and that they are empty. Still gonna get the thing copied just to make sure.

It also possibly holds some other things I wanna keep, such as a copy of the original Colonization. Google has not been helpful in finding it elsewhere.

If you are after a copy of the old DOS colonization you should be able to find it online on an abandonware website somewhere. I have a copy myself, which I think is from my early 90s 486 (possible that I got from abandonware but I don't think so).

Anyway if you want a copy PM me and I'll upload it to dropbox for you, give me a day though just a little busy right now.

I still have a 486 that I play it on about once a year. I really love that game.

[cryptjh]

At 0%, Bitcoin has a higher yield than government bonds in 18 countries whose central banks are trying to debase their currencies and increase inflation.

In other news, Bitcoin is up 133% year-to-date.

$BTC


https://twitter.com/charliebilello/status/1134453954513911810

[JSRAW]

For those who love to discuss Satoshi's identity and different theory

Paul Solotshi Calder Le Roux, a 46-year old criminal mastermind, is the creator of encryption software E4M and TrueCrypt (the cryptography encryption software Satoshi Nakamoto likely used to lock up his 1 million BTC), and author of an uncannily similar manifesto to the one in Bitcoin’s whitepaper in 1998.

But that’s not all: Paul Solotshi Calder Le Roux employs similar spelling and language in his writing style to that of Satoshi. He’s interested in gambling (Bitcoin’s initial code had a poker client included), and what’s more, he’s been in jail since 2012 – that’s probably the reason why his 1 million Bitcoin hasn’t moved

[JayJuanGee]

It was always going to be very impractical opsec-wise to have one huge party.
We're going to have to decentralise this thing.

I think you're right...

All of us getting together in one place and time that is publicly known (or that could leak) will create a huge BTC honey pot. We could then be abducted, tortured and have our BTC wrenched out of us! OUCH!

Most of us already are, or will soon be millionaires, some even billionaires... This is no joke! Gotta organize this thing very carefully...

I agree with your overall sentiment, and the point(s) that you are making, AlcoHolDL; however, I am going to quibble a bit with your assessment that "most of us already are, or will soon be millionaires."  To be or soon be a millionaire, most of us would need to have in the territory of 100 coins or assuming that a BTC price of $20k is imminent, then "most of us" would need to have 50 coins or more.  I have my doubts about that assessment, at least in terms of the "most" categorization.

OK, yeah, that was an edited post. In the original I had typed "most of us will soon be millionaires", and later added the "already are" part.

But still, in 3-5 years from now, even single-digit BTC coinage could be worth > $1M.

But yeah, "most" was probably too much.

Still, good things come to those who wait. IOW: HoDL!

Edit: Also, at the $100k party, just 10 BTC makes you a millionaire by definition...

I have no problem with this above clarification, but I did have a bit of a quibbling problem with any assertion that most current WO participants are millionnaires or millionnaire status is imminent.

Sure, it seems quite likely that BTC prices are going to go up, but really we should not take that going up for granted, either imminently or even in the longer term - even when odds are good.  So, it seems to me that current stash and current price are measures of millionnaire status (or imminent millionnaire status), and with current prices, it takes close to 120 BTC to have millionnaire status... and presuming that the price will double, "imminently" to bring down the requirement to 60 coins comes off as too presumptuous to me, concerning current status of most WO participants... who, a vast majority, likely have less than 40 coins, currently.

[El duderino_]

On a side note, I think Kenzawak and my path could cross sooner. The only drawback I can think of is I travel as a bag packer, and he's a slightly fancy traveler.

That’d be cool if you two guys met. Where are you from, India? I’ve never been, I do plan to visit Goa though.

Been in france today “Biarritz” Nice place and even all the people “Waiters” were very kind, thats a change 
Probably Kenzawak’s side of the country.....

[kenzawak]

On a side note, I think Kenzawak and my path could cross sooner. The only drawback I can think of is I travel as a bag packer, and he's a slightly fancy traveler.

That’d be cool if you two guys met. Where are you from, India? I’ve never been, I do plan to visit Goa though.

Been in france today “Biarritz” Nice place and even all the people “Waiters” were very kind, thats a change 
Probably Kenzawak’s side of the country.....

You didn't leave me any tip though !!!

[kenzawak]

On a side note, I think Kenzawak and my path could cross sooner. The only drawback I can think of is I travel as a bag packer, and he's a slightly fancy traveler.

That’d be cool if you two guys met. Where are you from, India? I’ve never been, I do plan to visit Goa though.

There's a 130 millions jackpot at Euro-Millions this Friday.
If I win, the 100k party becomes a 9k party and it's on me. 

[El duderino_]

On a side note, I think Kenzawak and my path could cross sooner. The only drawback I can think of is I travel as a bag packer, and he's a slightly fancy traveler.

That’d be cool if you two guys met. Where are you from, India? I’ve never been, I do plan to visit Goa though.

Been in france today “Biarritz” Nice place and even all the people “Waiters” were very kind, thats a change 
Probably Kenzawak’s side of the country.....

You didn't leave me any tip though !!!

Wasn’t the plan of driving there..... still it was a very beautiful place

[dyask]

For example in China now many vending machines require a smartphone to purchase a cheap drink.

In real nations that aren't China, humans simply exterminate their govt when they try to force the Chinese social credit score system on them.

That was just one of many examples.  Many places in Europe have been like that for some time.   Most money in just numbers, even less real than BTC.   Times are changing ... but you still cling to out dated metal hoping for  a nuclear war to push us back into the dark ages.