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

[Gyrsur]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

[Paashaas]

LN pioneer releases new code for BTC scaling concept.

https://www.coindesk.com/lightning-network-pioneer-releases-new-code-for-bitcoin-scaling-concept?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic

[kurious]

also Kurious I should mention a week after hitting 100k is plenty of time for anyone still working a job to tell their boss politely to go fuck themselves.  

I work for myself, but I still might do just that!

JK, but seriously it could be 2 fridays after 100k also. I think we can all live with 70k prices on the night party if we get a crash   Even if 100k is the top and we go into bear market that day 1 or 2 weeks later the price should still be at least 50k which should make everyone very happy.

Also 100k party could easily end up being a 200k party by the time we fly to our destination a week later.

Sure - but if it's a 'fly to' party - I still think you will struggle with numbers if it's short notice - although I am sure those who do come will enjoy it.

Last thing is a host could schedule something 1.5 years or so after halvening for a separate party that everyone could plan far ahead for, but i dont really see how anyone could need more than two weeks to plan this. However multiple parties is not a bad thing bc each one will be that much more intimate, as long as at least 12 Hats plus their guests show up to a party it should be a great experience. This means we could have perhaps up to 4 awesome parties.

At the end of the day I think it will come down to 3 parties though. One in the US for hats, one in the Europe or an island for hats, and one for nonhats or late hat earners. We still have likely two more years of price appreciation and fomo to attract a lot of new talent to this thread and they will want to party, hat or not.


Personally id like to go to a few parties.   I think if we get that list we will know a lot more about how to proceed.

I'd like to meet people from all over, it's be a shame not to be at the same party as legends like say, Bob and Jimbo, Hairy and all who are not based in Europe as I am  - but I see your point - and I do love a party.

[fillippone]

EDIT: maybe someone should start a DAO "100kparty".

"Can you Guys stop partying??"

[Lambie Slayer]

Hi Lambie -
Multi-paties and all are fine, no problem with that.  However, whether it's one or many parties - organising anything within a week or so of breaking an arbitrary figure in price is at the very least difficult.  Just booking things up and people dropping everything to book a flight to get there means it is tough to see how it would work.

Fixing a date (based on Halvening, say?) and finding out well in advance how many takers there are makes it more feasible to set up, I would have thought.  Shoot me down, by all means - but people have lives and need to plan in advance - even decent hotels, restaurants etc are best booked in advance, surely...  Not many people will put a deposit down for a party on an unknown future date.  So how would you know numbers in order to book anything?

Also, for me and maybe I am not alone (I have no idea) I am not really up for hookers and blow. Never have been for the former, have weaned myself off the latter...  Call me a party pooper, if you like, but don't get me wrong; I do like the the idea of a party and a chance to meet people I have share the ups and downs with for years.  I also know some will head for the hookers and blow - and good luck to them, if they do - but I hope that is not all it is about. If there was a choice, I would be opting for beers and a chat.

Lastly, I might also like to explore a city and meet new friends with my partner in town with me. I may be alone in having this as a preference of course - but if it raises eyebrows to suggest this, I will just have to wait and hear tales of what I missed out on.

Edit: Some of this answered above while I was typing.

In many cities this could be a problem, but in Vegas I can promise you that booking the restaurant for 25 people, nightclub for 75 people or less, stripclub 75 people or less, 1 stretch limo, and brothel for 25 people or less with a weeks notice would be eezy peezy lemon breezy.

A week is also plenty of time to get a fairly cheap plane ticket and hotel rooms are always abundant and inexpensive relative to quality in Vegas, even on zero days notice. Saturday is actually a better day since some will still have jobs and need to work Friday so consider this an amendment to my proposal. Also remember in my post no one but the host would have to put down a deposit for anything. As a Vegas host Im willing to pay in advance out of my pocket for the limo, VIP table and bottle deposits(the will likely just want to put a hold on a credit card at the most, if anything). The restaurant wont need a deposit for a party of 25, the stripclub wont need a deposit, and the brothel will not need a deposit.  

Multiple hosts is also to help with the fact that some will want a more wholesome party. I would never call you a party pooper for having different tastes. Also remember people can stay longer than a night and as WO members meet they can make separate plans to do things on sunday monday or however long they stay in town.

My party structure proposal did have 4 events and only the last 2 were of the non wholesome variety, but certainly a host could make a party with lots of wholesome events and completely avoid anything on the leaning towards debauchery.

All fair enough - and I would not wish to ban debauchery at all, but you're right it's not really my thing to head for a brothel with a load of loaded Bitcoiners

Personally, I would not wish to book something in the hope people would show up, though, it would be a risk at short notice.  And it would have to be short notice.

There are way more people that would say they wanted to than would actually show up on the day in my experience. I suspect you might have a lot of people saying 'I would love to - it's just that weekend is a little awkward' and end up out of pocket.  At short notice it's way easier not to go than to actually go.

I am suggesting a little caution, that's all! 

U bring up good points.

Typically the longer someone has to think about something imo the more likely they are to back out. This is why corporate America works so hard to push impulse buying on everyone and why they say count to ten when you are angry.

I would have no problem doing this party with myself and my 2 guests if not one single Hat wants to come celebrate the new wealth.  

All it would cost me would be I pay for all the limo out of pocket which is fine, more leg room!

Can someone fill me in on what led to the downfall of the 1k party, I didnt start following the thread till a few months after 1k.

Also how much time would be necessary in your opinion to properly plan and not feel rushed. Are you talking 3 weeks, 2 months, maybe a little more detail on that would help me understand where you are coming from. I would think anything more than a few weeks after 100k and a lot of the thrill would be gone.

[Lambie Slayer]

Aren't we jinxing it?

Yes. So we better finish the planning asap and go on with scheduled roadmap with no mention ever again until the milestone is reached.

This very same discussion would be completely catastrophic (80-90% crash) at a higher price.

excellent point, best to get this nailed down while coins are still cheap

[El duderino_]

-Seperate thread! (By organising crew max 3-4 veteran members)

-Start making a list who would come and who is WO approved to come.

-Start discuss place

-Kind of meet up

-Start talking prices like .1 and a group of trusty should collect or something, paid = sure he shows up

-etc

-etc

So many good thought now we have to act WO worthy

And start to “talk the talk, walk the walk”

!!!!!!!!!

My suggestion for thread opening by

Kurious
BoB
600watt
Infofront

^
This could be different

But let us make a thread with appointed members

Self mod. That the members that are not invited or allowed could be the messages deleted.... they Will get the point its a WO thing after all

[El duderino_]

Finally in the plain so

Me off

[El duderino_]

EDIT: maybe someone should start a DAO "100kparty".

"Can you Guys stop partying??"

No just another thread for it!

[Lambie Slayer]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

In the proposal I laid out for Vegas no one but me would have to put up anything and even my out of pocket expense would be not a big deal for me at all.

The less people that show the more glory for the ones that do. Worst case scenario its me and 2 friends. I promise you we will have a lot of fun and fill everyone in on the good times.

[Lambie Slayer]

EDIT: maybe someone should start a DAO "100kparty".

"Can you Guys stop partying??"

No just another thread for it!

100k party is about as on topic as it gets around here, no need for another thread just yet imo

[Gyrsur]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

In the proposal I laid out for Vegas no one but me would have to put up anything and even my out of pocket expense would be not a big deal for me at all.

The less people that show the more glory for the ones that do. Worst case scenario its me and 2 friends. I promise you we will have a lot of fun and fill everyone in on the good times.

ok sorry, I did not read it. but how then will you scale it? you should expect 100 to 500 people if the price will stay above 100k.

EDIT: more than 220 paid 1 BTC and the money was locked until the event was canceled.

+ + +  MORE THAN 220 RESERVATIONS  + + +

[Totscha]

I'm pretty sure that no matter the location we choose, it's going to be a 'fly to' party for 90% of us. And two weeks is enough time for most people to plan their trip with time to spare.

There's two kinds of people: some are flexible enough to go across the world with 3 days preparation, and others need a minimum of 3 months notice. Very few are between.

It's a party, it's supposed to be somewhat extravagant. A two day trip to Vegas from Europe over the weekend kind of extravagant... Even if you still have a job at 100k, most will get a couple of days leave on short notice. Or just call in sick

We'll never make everyone happy, but you can get 80% of people onboard very easily in most situations...

[Kylapoiss]

Hi guys, hows it hangin'?

Is CSW getting messages deleted from the forum? I got PM´s that many of my posts where I used his name were deleted, any particular reason?

[kurious]

U bring up good points.

Typically the longer someone has to think about something imo the more likely they are to back out. This is why corporate America works so hard to push impulse buying on everyone and why they say count to ten when you are angry.

I would have no problem doing this party with myself and my 2 guests if not one single Hat wants to come celebrate the new wealth.  

All it would cost me would be I pay for all the limo out of pocket which is fine, more leg room!

Can someone fill me in on what led to the downfall of the 1k party, I didnt start following the thread till a few months after 1k.

Also how much time would be necessary in your opinion to properly plan and not feel rushed. Are you talking 3 weeks, 2 months, maybe a little more detail on that would help me understand where you are coming from. I would think anything more than a few weeks after 100k and a lot of the thrill would be gone.

Last one before we're kicked off the thread:

I think an arbitrary price figure is the problem.  May never get there / may hit it only fleetingly / crash right after  /  does not happen for three years - who knows?

When I mentioned timing it within a set time from the Halvening, it seemed popular. No pressure, time to plan etc.  And it is sure it will happen, so it can be booked.

If you want a mad celebration for 100K - a spontaneous thing does seem to make sense.   

I guess I was thinking of a WO celebration party (likely to be when we've already done very nicely financially) but not really about price, so much as a party for the WO 'anyway' - and it could even turn into a regular thing.  Anyone could organise a hookers and blow event to coincide with it, why not?  At least we'd all know when the party was and that it would actually happen if enough people wanted to go.

Time needed to organise a successful large event and actually attract enough people to make it work well? 

Months. Less than 12, probably more than 6.

[Lambie Slayer]

nice ideas guys but start small please. first of all you need money for a party.

first question is: who is willing to pay with bitcoin for a party and how much. in 2013 it was 1 BTC and the money was locked. if you pay 0.1 BTC today it will be enough in 3 years for a 100k party. but again the money is locked. who is still on the list?

EDIT: maybe someone should start a DAO "100kparty".

In the proposal I laid out for Vegas no one but me would have to put up anything and even my out of pocket expense would be not a big deal for me at all.

The less people that show the more glory for the ones that do. Worst case scenario its me and 2 friends. I promise you we will have a lot of fun and fill everyone in on the good times.

ok sorry, I did not read it. but how then will you scale it? you should expect 100 to 500 people if the price will stay above 100k.

EDIT: 220 paid 1 BTC and the money was locked until the event was canceled.

+ + +  MORE THAN 220 RESERVATIONS  + + +

Interesting. Do you know why they canceled. If 220 people pay and nobody wants to party, then perhaps the whole concept is doomed but i feel like there must be some explanation for what happened.

The plan I had has a cap of 25 WO members with max 2 guest each. The way to scale it is other people can offer to host parties at other times in other cities since so many cant agree on US, Europe, or an island. The bigger the party, the more likely it is to fail imo. We must decentralize the parties

I think Id be lucky to get 25 WO members saying they want to come to the vegas party, and if we got more, no problem, we drop it down to 1 guest each with up to 50 WO members. Over 50 WO members and I agree this party falls apart from logistical complexities.

Taking 25 people to a restaurant in Vegas is easy even sitting at the same table. Taking 50 to a dinner is no problem, just will need multiple tables. Taking 75 to a nightclub is easier. Taking 75 to a strip club is easy also. All on short notice. Taking 25 to a brothel is easy and lets be real I doubt many will stick around for the brothel, but if we dont have enough whores we can always go family style on em. https://www.youtube.com/watch?v=k5znpQLH8vE

If the worst thing that happens at our party is a whore shortage, then it will just add to the legend.  

[kurious]

EDIT: more than 220 paid 1 BTC and the money was locked until the event was canceled.

+ + +  MORE THAN 220 RESERVATIONS  + + +

Er....

we're doing a btc10k party, the XCP tokens already exist, just need to set it up

Why was the $1k party cancelled? Appeared to have quite a few reservations

yes it was cancelled. price went below 1k and people stopped paying their reservations. we wanted at least 100 tickets sold to have enough funds to get a decent set-up going. futhermore, the ticket set-up we used was designed by bits-of-proof. this company was sold to dtcc. we did not get 100 tickets sold = canceled.... 

220 'reserved', yes.  Less than 100 actually bought tickets.

[d_eddie]

I think an arbitrary price figure is the problem.  May never get there / may hit it only fleetingly / crash right after  /  does not happen for three years - who knows?

If it's paid in advance - say, 0.1 btc - the funds could be in escrow and they could be sold as soon as 100k are hit. So the budget would be safe. So fiat funding should be no issue. Same goes for plane tickets: where needed, each member planning to participate could keep a small (today) sum aside to cover for that. It will be worth ~10x at that time. Let's not forget that  

When I mentioned timing it within a set time from the Halvening, it seemed popular. No pressure, time to plan etc.  And it is sure it will happen, so it can be booked.

If you want a mad celebration for 100K - a spontaneous thing does seem to make sense.  

I guess I was thinking of a WO celebration party (likely to be when we've already done very nicely financially) but not really about price, so much as a party for the WO 'anyway' - and it could even turn into a regular thing.  Anyone could organise a hookers and blow event to coincide with it, why not?  At least we'd all know when the party was and that it would actually happen if enough people wanted to go.

Time needed to organise a successful large event and actually attract enough people to make it work well?  

Months. Less than 12, probably more than 6.

You make sense, kurious. A set date or a little advance notice are good: I think it's better to pursue the ONE party idea, at least tentatively. It would be a pity if, for instance, the Goose and the Bob couldn't meet there because of geography. Of course members can arrange aside meeting privately (the recent Madrid thing).

[Gyrsur]

I guess it was canceled because of economic reasons. if you calculate with a price of 1k per Bitcoin the price should stay above 1k if you have to pay the costs of the event afterwards. in fall 2013 it was a short spike above 1k and then the price collapsed again. I expect the same if the price will go above 100k because a lot of hodlers will then cash out.

EDIT: it's always about risk. if someone is willing (and "crazy" enough) to organise such an event big style he should earn a decent amount of money for the risks he is taking.

[Lambie Slayer]

U bring up good points.

Typically the longer someone has to think about something imo the more likely they are to back out. This is why corporate America works so hard to push impulse buying on everyone and why they say count to ten when you are angry.

I would have no problem doing this party with myself and my 2 guests if not one single Hat wants to come celebrate the new wealth.  

All it would cost me would be I pay for all the limo out of pocket which is fine, more leg room!

Can someone fill me in on what led to the downfall of the 1k party, I didnt start following the thread till a few months after 1k.

Also how much time would be necessary in your opinion to properly plan and not feel rushed. Are you talking 3 weeks, 2 months, maybe a little more detail on that would help me understand where you are coming from. I would think anything more than a few weeks after 100k and a lot of the thrill would be gone.

Last one before we're kicked off the thread:

I think an arbitrary price figure is the problem.  May never get there / may hit it only fleetingly / crash right after  /  does not happen for three years - who knows?

When I mentioned timing it within a set time from the Halvening, it seemed popular. No pressure, time to plan etc.  And it is sure it will happen, so it can be booked.

If you want a mad celebration for 100K - a spontaneous thing does seem to make sense.   

I guess I was thinking of a WO celebration party (likely to be when we've already done very nicely financially) but not really about price, so much as a party for the WO 'anyway' - and it could even turn into a regular thing.  Anyone could organise a hookers and blow event to coincide with it, why not?  At least we'd all know when the party was and that it would actually happen if enough people wanted to go.

Time needed to organise a successful large event and actually attract enough people to make it work well? 

Months. Less than 12, probably more than 6.

Interesting. I like this idea as well and think they would be compliments, not substitutes.  

Bc yes mad celebration is exactly what Im suggesting.

The 100k party is by far the biggest event talked about ever since I started following the thread in early 2014. It seems criminal to not attempt to honor it.

The WO Celebration party sounds great and also something that afaik was just breathed into life by you and worth pursuing, but not at the expense of the 100k legend for sure imo