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

[mindrust]

Fed Chair Jerome Powell: "Bitcoin is a Store of Value like Gold...*almost nobody uses it as a payment system."

Don't know if this is a good thing or bad.

Good thing is, he thinks bitcoin is in the same league with gold. A store of value.

Bad thing is, he also thinks nobody uses btc to pay for services which is absolutely not true. BTC is having troubles handling high load that's true but it doesn't mean nobody uses it for that purpose.

DISKUSS!

*, he said almost.

[jbreher]

It is a pickle no doubt about it. Bad news is there is no way you can really know if i am here to help you all or not. So it is really up to you

Correct. It is up to us. Both collectively and individually. And those of us that have responded to you have responded universally and repeatedly with a resounding 'NO'.

You'd think that by this time you would have gotten a clue. Yet you remain clueless.

[Negotiation]

Good God.



Thought maybe we mooned.

Ha ha ha good GIF run bull market going Down.

[jbreher]

Fed Chair Jerome Powell: "Bitcoin is a Store of Value like Gold...*almost nobody uses it as a payment system."

Don't know if this is a good thing or bad.

Good thing is, he thinks bitcoin is in the same league with gold. A store of value.

Bad thing is, he also thinks nobody uses btc to pay for services which is absolutely not true. BTC is having troubles handling high load that's true but it doesn't mean nobody uses it for that purpose.

DISKUSS!

*, he said almost.

Discussion: The sitting chair of the FED -- in an official capacity -- has publicly mentioned Bitcoin as filling a similar role to gold. The sitting chair of the FED. Publicly. In an official capacity.

Cogitate. Let that sink in for a moment.

[Toxic2040]

                      is it secret?  is it safe?

                        #stronghands'19

[El duderino_]

https://i.imgur.com/EW77DAr.gif
I was just looking around and Damn ..... found some RL footage of BoB.....

OMG this is like the most hilarious post of all time here on WO  

Thanks for reminding me. Not liking this momentum. Just transferred some more UncleSamTokens to buy some more corn-dip. Currently sitting on 0.90x BTC since I started buying dip, for... reasons... 

feelsgoodman.gif

Here my last one, gonna enjoy the the evening for now


via Imgflip Meme Generator

Cheers brothers where I spend a lot of time with

[Dabs]

I dunno, I feel a more than fair deal was laid out on the table, acting as escrow I would hold the coins until the dude makes the numbers, assuming there were enough participants, all who have nothing (or very little to lose, just the tx fee) since they'd get refunded if it doesn't work out, or there aren't enough.

I mean, if we raise 100 BTC, and it does go up to at least $50k, then he's looking at a cool $5 million dollar pay day. I don't get why one wouldn't take the offer; unless he can't do it.

I'm not here to judge, I'm just here to confirm if it has been done or not.

[jbreher]

I dunno, I feel a more than fair deal was laid out on the table, acting as escrow I would hold the coins until the dude makes the numbers, assuming there were enough participants, all who have nothing (or very little to lose, just the tx fee) since they'd get refunded if it doesn't work out, or there aren't enough.

I mean, if we raise 100 BTC, and it does go up to at least $50k, then he's looking at a cool $5 million dollar pay day. I don't get why one wouldn't take the offer; unless he can't do it.

I'm not here to judge, I'm just here to confirm if it has been done or not.

Has a time frame been suggested? Is there a penalty for non-delivery by deadline? I could throw a handful of BTC at it under favorable terms.

(Yeah, I know I'm poking the hornet's nest here)

[jbreher]

It is a pickle no doubt about it. Bad news is there is no way you can really know if i am here to help you all or not. So it is really up to you

Correct. It is up to us. Both collectively and individually. And those of us that have responded to you have responded universally and repeatedly with a resounding 'NO'.

You'd think that by this time you would have gotten a clue. Yet you remain clueless.

I do not give up so easily. If i would then i would be no good at all ! Persistence is key to every marketing.

Do i have to answer that?

Answer what?

[jojo69]

So I did a lot of reading into IPFS (Inter Planetary File System) and find it a non-starter.

It seems like a good idea, almost like Bittorrent for the entire Internet. You run the program, host files, people needing those files can retrieve them from those closest to them, etc.

But the key comes with the motivation to host files. I kept looking for the motivation and kept hitting the wall of "community" and "for the good of all" type of talk. Is this what's being taught to the millenials? Create a project. Tell people it's good for the community........success!

Bitcoin has an embedded motivator. Those that get involved early, get some bitcoins. The reward structure is built to encourage early adopters and then through that early adoption they are then incentivised to build and promote Bitcoin to make money. The miners who mine bitcoins are incentivised to run their miners in exchange for receiving money. There is motivation rewarded by money at every level.

If Bitcoin were started by Satoshi and there was no reward, just "hey gang, let's do it for the community because the Federal Reserve is bad" then it would just be a white paper with a github account of code.

I have been thinking quite a bit about these exact issues the last couple days, catalyzed by the excellent George Gilder interview that jbreher linked.

It seems to me that, ironically, the geek altruism of the early internet doomed us to the mess we have today.  The early internet was awesome, don't get me wrong, tons of geeks creating tools and content, hosting their own shit, and giving it away for free.  It fostered a huge explosion of creativity and was a lot of fun.  The problem is; these sorts of hippie utopias, as pleasant as they are to inhabit, do not scale.  At some point the bills need to get paid.  It is one thing when you are hosting a few videos "for the community" and getting a few hits a day, when the thing blows up into youtube the Covad bill gets a little large.

But since it all started with content, services and tools being "free" (in the beginning they really were, the ads came later) we got it in our heads that we were never going to pay for shit...because stuff on the internet is free. So now here we are, the FAANGs have gobbled up every creative initiative and found "other ways" to pay the bills...ways that it turns out are even more distasteful than just paying for what you consume.

I agree Elwar, you can never go wrong betting on greed, and Satoshi understood this.  The greed based game theory built into Bitcoin is what makes it anti-fragile.   As for the rest of the internet...it's real utility diminishes daily.  We really need to tear it down to the studs and start over.

[jojo69]

                      is it secret?  is it safe?

                        #stronghands'19

Heyyyyyyyyyyy


welcome back man!

how was your trip?

[Toxic2040]

Good morning folks.


Its been interesting couple of weeks I must admit. From earthquakes and thrown shoes to the money bubble... I am hard pressed to remember a more chaotic series. Be that as it may, life and bitcoin continue.

Lets take a quick look at the charts and try and get back up to speed.
 

The 0.5 short fib has become resistance @$11.4kish
1h


Deep into the cloud searching for support
4h


#dyor
D

#stronghands'19


--------

Heyyyyyyyyyyy


welcome back man!

how was your trip?

Hey jojo

Thanks man...trip was sorely needed. I really should get out more often. Actual interactions with other human beings is highly recommended when taken in moderation.

[Toxic2040]

Massive backlog to parse...

Thankfully it appears to be mostly troll droppings.

Looks like more down before we head back up?  Why is this coming Tuesday glowing?  Many questions and few answers..

Synchronization in progress....

[bitebits]

Fed Chair Jerome Powell: "Bitcoin is a Store of Value like Gold...*almost nobody uses it as a payment system."

Don't know if this is a good thing or bad.

Good thing is, he thinks bitcoin is in the same league with gold. A store of value.

Bad thing is, he also thinks nobody uses btc to pay for services which is absolutely not true. BTC is having troubles handling high load that's true but it doesn't mean nobody uses it for that purpose.

DISKUSS!

*, he said almost.

Discussion: The sitting chair of the FED -- in an official capacity -- has publicly mentioned Bitcoin as filling a similar role to gold. The sitting chair of the FED. Publicly. In an official capacity.

Cogitate. Let that sink in for a moment.

+1, not sure I am still dreaming. That with POTUS twittering about Bitcoin. I mean, did this just really happen? Still speechless.

[makrospex]

The fake foreign accent typing had started to drop in the last few posts at the final insult line.

Also look at the capitalisation. He's falling back into his mother language occasionally.

... silver plate...

He means silver platter, but it's common in german to say "silberteller" which gringo-translates into "silver plate".
He might be using google translate to some extent too, since it delivers the exact same slightly wrong translations when fed with the common german terms.


It's a waste of time NOT to ignore his posts. Advertising in google-translate "quality"? F*ck that, anyway 

[d_eddie]

@BobLawBlaw, @makrospek and the rest: of course it's not even worth discussing why the poor guy is a newbie scammer or a moron troll. The only good use of some of his posts was to practice our semi-secret routines (Kathleen's bike springs to mind) or just having a good laugh. Well sod it no more fun i guess...

[makrospex]

@BobLawBlaw, @makrospek and the rest: of course it's not even worth discussing why the poor guy is a newbie scammer or a moron troll. The only good use of some of his posts was to practice our semi-secret routines (Kathleen's bike springs to mind) or just having a good laugh. Well sod it no more fun i guess...

I liked the domino part the most 

When i instantly reminded...
https://www.youtube.com/watch?v=8QSU8wXDkcg

[Globb0]

FS guys I only asked for 75BTC for both my teams.

Now you will die in the wilderness. A thirsty man in the desert.


A plant without water. Like a hand in the bush.

Like a bridge over troubled water.


Like a rolling stone you will gather no moss.


My teams are out of hear you ungreatful pricks

[jojo69]

I liked the domino part the most 

When i instantly reminded...
https://www.youtube.com/watch?v=8QSU8wXDkcg

Was that Vitalik holding the beer bong at the end??

[El duderino_]

via Imgflip Meme Generator

Knock knock, noticed a 200-ish $ drop so f*** my life? Gonna f***ing empty the place here??