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

[Hueristic]

https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b

Libra has absolutely nothing to do with open, permissionless cryptocurrencies like Ethereum, Radix, Monero, Zcash and Bitcoin..

That list would be shorter if he qualified "Immutable" in that statement.


And wtf is Radix?
I looked it up and it sounds like an interesting concept but I don't see from the outside how the network can adhere to the ruleset it states.

https://hackernoon.com/is-radix-the-coolest-thing-happening-in-crypto-right-now-ca1596cf7307

"It will be easy to mine and will be accessible to everyone: to mine you will not need to have more computer power than your “neighbor”, simply you will be chosen randomly and all sooner or later will be chosen. Thanks to the technology behind it you will not need any expensive tool, just a phone with the app on it."

I can already think of ways this can be gamed.

W00ps, shitcoin talk, -1 WO for me.

[1714783837]

1714783837

[1714783837]

1714783837

[1714783837]

1714783837

[1714783837]

1714783837

[1714783837]

1714783837

[CryptoNeed]

Don't forget: the drones are coming.

You have been warned.

huh? amazon drones?

not quite

https://www.youtube.com/watch?v=9CO6M2HsoIA

Sick video.
And now imagine mobile phone producers would put  3 grams of explosives into their phones. Ring, ring ...

[HairyMaclairy]

https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b

Libra is going to be fighting a regulatory hornets nest.

And executives don’t like going to jail.  

I don’t really see how they are going to get off the ground with a useable product.  

[HairyMaclairy]

CME will open in an hour... will be interesting to see what happens; must suck to sit on a short and not being able to get out over the weekend  

Does somebody know how the price limit works? I mean halting BTC futures trading will not get BTC price changing.
Will the be forced settlements?

here i like that:
must suck to sit on a short and not being able to get out over the weekend

not sure what you mean with how "the limit works"
when futures trading opens there will be i think gap up, instant gap up
so if shorters had close limit on 10500 and gap up instantly put price to 11000, they will close with 11000 and not with 10500...at least i think so

Good question.
Can they sell if the limit is hit? This would mean that the longs are forcefully pushed out of the contract?

Could be setting up for some major carnage at the CME that's for sure. ... bulls have got it back to the AYH right before the open too so it might spark a massive surge up on the short squeeze at the open.

When CME went live with the contract in Dec. 2017 I recall an ex-CME head or regulator warning that CME had never dealt with a truly hard asset like bitcoin and it was a real risk for it to cause major failures ... which is a joke because he was admitting that gold was not a hard asset in the way it has been papered out of existence.

Edit: meant to add that there will be a battle to get it back closer to friday's close before the open to stem the bleeding.

Genuine question: can you have a short squeeze in a cash-settled market? Given that the shorter's buys aren't actually fed back in to the (edit: physical) market?

Yes because shorts will look to hedge on physical markets.  The markets are linked - they don’t operate in isolation from each other.

[HairyMaclairy]

Don't forget: the drones are coming.

You have been warned.

huh? amazon drones?

maybe he means this
https://www.altcoinbuzz.io/crypto-news/product-release/astral-ar-and-core-scientific-partners-to-integrate-monero-mining-software-on-safety-drones/
https://www.youtube.com/watch?v=jl1w6VDEWq4 LIVE at MoneroKon 2019! w/ Leah LaSalla of Astral AR on lifesaving drones that mine XMR!

oh, core scientific...

https://www.altcoinbuzz.io/crypto-news/product-release/astral-ar-and-core-scientific-partners-to-integrate-monero-mining-software-on-safety-drones/

Core Scientific’s CTO, Kristy-Leigh Minehan

Kristy-Leigh Minehan, the woman who managed to screw a lot of people by walking away and abandoning her company, mineority,  leaving behind unpaid employees, unfinished projects, broken promises, "misplaced" ethereum (and/or holding it instead of selling it as needed for operations). the "ohgodagirl" of "ohgodacompany" who screwed over squirrelsresearch and its customers.

yup. what could go wrong?

full disclosure: im a customer of squirrelsresearch.

Trying not to be a negative Nancy, but this sounds like the dumbest idea I have read all week.

[serveria.com]

https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b

Libra is going to be fighting a regulatory hornets nest.

And executives don’t like going to jail.  

I don’t really see how they are going to get off the ground with a useable product.  

They have one thing other cryptos don't have - (virtually) unlimited funding  

[deepcolderwallet]

Do you raise cattle and slaughter them?

I once helped slaughter a cow.  In Neuquen province.  A couple of gauchos dragged a beef out of the pen, tied it to a tree, and stuck a knife in its throat.  I helped 'em skin it.  And they gave me a couple slices of raw heart to eat.  Did you know heart is good to eat raw?

Do you also mine your coins or just buy'em at the supermarket? Errr, I mean, exchange.

[Ibian]

https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b

Libra is going to be fighting a regulatory hornets nest.

And executives don’t like going to jail.  

I don’t really see how they are going to get off the ground with a useable product.  

With lots and lots of rules and regulations. And then they will come for bitcoin.

[HairyMaclairy]

https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b

Libra is going to be fighting a regulatory hornets nest.

And executives don’t like going to jail.  

I don’t really see how they are going to get off the ground with a useable product.  

They have one thing other cryptos don't have - (virtually) unlimited funding  

It doesn’t matter.  You can’t just tell the US government you are going to break every law in the book and expect them to roll over.  Not unless you control the government.  And I know the conspiratards like to claim differently, but the US government in the broad sense (State and Federal) is sufficiently decentralized that it is not really capable of being controlled by any specific individual or group of individuals in its current form

[Hueristic]

CME will open in an hour... will be interesting to see what happens; must suck to sit on a short and not being able to get out over the weekend 

Does somebody know how the price limit works? I mean halting BTC futures trading will not get BTC price changing.
Will the be forced settlements?

Thanks, I'm looking forward to this!

CME will open in an hour... will be interesting to see what happens; must suck to sit on a short and not being able to get out over the weekend  

Does somebody know how the price limit works? I mean halting BTC futures trading will not get BTC price changing.
Will the be forced settlements?

here i like that:
must suck to sit on a short and not being able to get out over the weekend

not sure what you mean with how "the limit works"
when futures trading opens there will be i think gap up, instant gap up
so if shorters had close limit on 10500 and gap up instantly put price to 11000, they will close with 11000 and not with 10500...at least i think so

Good question.
Can they sell if the limit is hit? This would mean that the longs are forcefully pushed out of the contract?

Could be setting up for some major carnage at the CME that's for sure. ... bulls have got it back to the AYH right before the open too so it might spark a massive surge up on the short squeeze at the open.

When CME went live with the contract in Dec. 2017 I recall an ex-CME head or regulator warning that CME had never dealt with a truly hard asset like bitcoin and it was a real risk for it to cause major failures ... which is a joke because he was admitting that gold was not a hard asset in the way it has been papered out of existence.

Edit: meant to add that there will be a battle to get it back closer to friday's close before the open to stem the bleeding.

Nice post, this deserves some merit guys. Hey roach wanna Merit this for me?
Wait don't answer I won't see it.
Meh while I'm at it here's something for you.
https://cointelegraph.com/news/report-two-israeli-brothers-arrested-for-hack-of-bitfinex-crypto-exchange

During the raid, the police reportedly found a cryptocurrency wallet containing significantly less funds than the amount that the two are believed to have stolen. Finance Magnates also notes that Eli Gigi is a graduate of an elite technological unit of the Israel Defense Forces that selects youth with outstanding academic capabilities.

[Hueristic]

Don't forget: the drones are coming.

You have been warned.

huh? amazon drones?

maybe he means this
https://www.altcoinbuzz.io/crypto-news/product-release/astral-ar-and-core-scientific-partners-to-integrate-monero-mining-software-on-safety-drones/
https://www.youtube.com/watch?v=jl1w6VDEWq4 LIVE at MoneroKon 2019! w/ Leah LaSalla of Astral AR on lifesaving drones that mine XMR!

oh, core scientific...

https://www.altcoinbuzz.io/crypto-news/product-release/astral-ar-and-core-scientific-partners-to-integrate-monero-mining-software-on-safety-drones/

Core Scientific’s CTO, Kristy-Leigh Minehan

Kristy-Leigh Minehan, the woman who managed to screw a lot of people by walking away and abandoning her company, mineority,  leaving behind unpaid employees, unfinished projects, broken promises, "misplaced" ethereum (and/or holding it instead of selling it as needed for operations). the "ohgodagirl" of "ohgodacompany" who screwed over squirrelsresearch and its customers.

yup. what could go wrong?

full disclosure: im a customer of squirrelsresearch.

Trying not to be a negative Nancy, but this sounds like the dumbest idea I have read all week.

You think having a botnet of real Bots is a bad idea?

[Hueristic]

Do you raise cattle and slaughter them?

I once helped slaughter a cow.  In Neuquen province.  A couple of gauchos dragged a beef out of the pen, tied it to a tree, and stuck a knife in its throat.  I helped 'em skin it.  And they gave me a couple slices of raw heart to eat.  Did you know heart is good to eat raw?

Do you also mine your coins or just buy'em at the supermarket? Errr, I mean, exchange.

Real Men mine by hand.

Mining Bitcoin with pencil and paper: 0.67 hashes per day
http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html


HAH, all caught up now I can get some sleep.

[HairyMaclairy]

You think having a botnet of real Bots is a bad idea?

Quite. But also very hard to see how the economic and business models will ever stack up.  

[VB1001]

It's good to see that we're at 10790, it's the second time that he's trying to break into more than 11,200.




https://twitter.com/lopp/status/1142864831613153286

[nutildah]

Real Men mine by hand.

Mining Bitcoin with pencil and paper: 0.67 hashes per day
http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html

+1 WO merit.

This was really cool to read and watch. Too bad he can't crank one out in under 10 minutes to have a chance at mining the next block. Maybe if you have a team of 200 people all working on it at the same time. Totally efficient use of manual labor, and graph paper...

[nikauforest]

Reviving this thread.

BETI: Bitcoin Exponential Trend Index and technical analysis

https://bitcointalk.org/index.php?topic=470453.msg26854986#msg26854986

Current fair value 44k
and -1.423

https://www.wolframalpha.com/input/?i=e+%5E+(+0.00331615547164061++(+number+of+seconds+since+jul+17,+2010+12pm+UTC%2F86400%2Fseconds+)+-0.118770392977885+)

https://www.wolframalpha.com/input/?i=ln(BTC%2FUSD)-(+0.00331615547164061++(+number+of+seconds+since+jul+17,+2010+12pm+UTC%2F86400%2Fseconds+)+-0.118770392977885+)

[Dogboy714]

Reviving this thread.

BETI: Bitcoin Exponential Trend Index and technical analysis

https://bitcointalk.org/index.php?topic=470453.msg26854986#msg26854986

Current fair value 44k
and -1.423

https://www.wolframalpha.com/input/?i=e+%5E+(+0.00331615547164061++(+number+of+seconds+since+jul+17,+2010+12pm+UTC%2F86400%2Fseconds+)+-0.118770392977885+)

https://www.wolframalpha.com/input/?i=ln(BTC%2FUSD)-(+0.00331615547164061++(+number+of+seconds+since+jul+17,+2010+12pm+UTC%2F86400%2Fseconds+)+-0.118770392977885+)

Sry - totally invalidated. See my posts in the main thread for more info...

[Phil_S]

https://www.tradingview.com/chart/BTCUSD/a47Kioh9-The-One-Coin-to-Rule-Them-All-Chapter-II/

Any ideas on how are we going to cross that river? Maybe we should buy a boat!

[Wekkel]

Haha, Classic.

The source of many persons’ bear traps  

[LFC_Bitcoin]

It's good to see that we're at 10790, it's the second time that he's trying to break into more than 11,200.




https://twitter.com/lopp/status/1142864831613153286

Pre 0.17.1

I was worrying a bit until I looked deeper into this. I’ve upgraded since then


Two relatively minor vulnerabilities will likely be disclosed sometime soon.

The first vulnerability, CVE-2017-18350, was introduced in v0.7.0 (released in
2012 September), and affects all versions released until the fix was included
in v0.15.1 (released in 2017 November). No versions prior to v0.15.1 are
expected to be fixed.

The second vulnerability, CVE-2018-20586, was introduced in v0.12.0 (released
in 2016 February), and affects all versions released until the fix was
included in v0.17.1 (released in 2018 December). As of today, this fix has
NOT been backported to older versions. When/if v0.15.3 and v0.16.4 are
released, they may also include a fix, but due to the minor severity of this
vulnerability, it does not merit a dedicated release on its own. (The git
branches are also NOT fixed at this time.)

Please be sure you have upgraded to a fixed version no later than August 1st.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-June/017040.html