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

[fillippone]

What to do when the WO tread is slow and mostly filled with pests posts while having some time to spare?

Dust off an old laptop, connect an external hdd and start running a full node again. Amazed how quickly it does a sync from scratch in less than 24 hours, that is 10+ years of transaction history! When fully synced I will open port 8333 and share the blockchain with my fellow WO participants in case they are bored too. Boredom is a good thing, I usually don't have the luxury while it helps having new ideas and plans.




Simultaneously running a full Monero node as well.

Your internet connection is really good. That % per hour is incredible. I live quite rural & get max 1.50%, sometimes I have less than 0.1% for long periods

The shortest time I could sync was 6 hours, but that was a VM on Google clouds.
24h is standard for a well ram equipped PC to download (this is Bandwidth intensive) and verify (this is CPU/RAM intensive) whole transaction history.

[Cryptotourist]

They were simply smarter than you. They identified the victim, you so obviously are.

Really?
I'm not defending r0ach in any way, but claiming that two petty thieves are smart because they identified the victim, is simply outrageous.

[El duderino_]

Daaaamn tomorrow for the first time in history code red for heat temprature, we gonna get 38-40☀️ In our precious Belgium

I actually can use a good pump during this heat

[Phil_S]

They were simply smarter than you. They identified the victim, you so obviously are.

Really?
I'm not defending r0ach in any way, but claiming that two petty thieves are smart because they identified the victim, is simply outrageous.

Yeah. Robbing people at knife point is not exactly a smart thing, no matter what.

[Cryptotourist]

Daaaamn tomorrow for the first time in history code red for heat temprature, we gonna get 38-40☀️ In our precious Belgium

I actually can use a good pump during this heat

There you go:



#

Yeah. Robbing people at knife point is not exactly a smart thing, no matter what.

Indeed.

[fillippone]

Well,
this is sort of bullish:

Trillions of Dollars Could Flow into Bitcoin Over Next 25 Years, Grayscale

Speaking during the 2019 Mid-Year Review Webinar, Barry Silbert, CEO of Grayscale highlighted that there is an imminent generational wealth transfer that could change the dynamics of store of value (SoV) investing in the United States.

“Over next couple of decades, there is $68 trillion of wealth that’s held by baby boomers and the older generation, in the US alone, that’s going to be handed down to Generation X and millennials… My theory is that whatever of that 68 trillion that is currently in gold, I don’t think it’s going to stay all in gold.”

Of course Barry, why would you say otherwise?
I'm not saying I doubt this analysis, but of course there is at least a conflict of interests.

Btw I think demographic of Bitcoin investors is going to play a massive role for bitcoin adoption, and , ultimately, bitcoin price.

[Danslip]

After whipsaws on the BTC chart, Bart pattern traders made a lot of profit. Now turn of breakout traders.
Consolidation and accumulation days are gone, we will not miss those semi-sweet days. What you guys think about right side of this graphic?

[JayJuanGee]

It has built-in, rent seeking middlemen for fucks sake, and each transaction requires three or more people so it's not even possible to do a "peer to peer" transaction in Bitcoin.  

I am having difficulties with this minimum of 3 requirement, to the extent that your speculative point even matters.

I thought that bitcoin required only a minimum of 2.

The point is so god damned abstract that it hardly even matters, anyhow, because quite a few bitcoiners (even bitcoin maximalist and even technologically sophisticated bitcoin experts) would most likely agree that bitcoin is way the fuck more strong on a lot of levels with a larger and larger network effect, so in that regard, bitcoin is currently built upon millions of people, some of them are miners, some of them are developers, some of them are node operators, some of them HODLers (for speculation reasons and otherwise), some of them are transitory users, some of them are custodians or at least they are holding coins for others with various kinds of institutional arrangements and surely there are other categories including possibly fitting within a combination of the above listed categories.

So, yeah, even if bitcoin is stronger with more users and more kinds of users, there are ways that bitcoin can still sufficiently function while under attack or even taking out large parts of the network, if there were such scenarios by fluke or various kinds of anticipated attacks that could take place (may or may not happen in the near future).

There is a kind of validity to your three person hypothesis (hate to give a fucktwat like you credit for any kind of meaningful contribution), which is that bitcoin seems to create a paradigm shift in terms of its triple entry book keeping.  So historically maybe there would mostly be double entry, and so each side of a transaction would have to reconcile its side of the books, but I still believe even historically there could have been triple entry that existed in the past when some kind of arbitrator or third party might get in the middle of the bookkeeping to attempt to reconcile the two sides.   With bitcoin, the third party becomes a whole hell of a lot more neutral because it is decentralized and validated in a kind of immutable and abstract way by the bitcoin network.  So this level of reliable neutral cross check had never really existed previously, so in that regard bitcoin seems to be providing a paradigm shifting way to manage value transfer and to verify which entities hold which values in a way that no one can really change, especially once it has been validated beyond a few blocks... It becomes way too expensive to try to change history beyond a few blocks back.

So, if we attempt to give you some benefit of the doubt, roach, which I hate to do as I already mentioned, then if you are referring to triple entry book keeping, then I suppose there could be some validity to your assertion about the minimum of three, even though the blockchain aspect is more of an abstract rather than any kind of actual person in the sense that you seemed to have had initially proposed.

[xhomerx10]

Daaaamn tomorrow for the first time in history code red for heat temprature, we gonna get 38-40☀️ In our precious Belgium

I actually can use a good pump during this heat

 Nice!  We could use some of that.  Woke up this morning (on vacation) to 11°C... presently 16°C with a steady rain.  Good day to scope out a nice restaurant.

[JayJuanGee]

Jesus Christ roach, you truly know nothing about anything. The guy on the right is clearly a Sikh, not a muslim, and they sure as hell don't live in the sand, you crusty ignoranus.

No wonder you never leave whatever Podunk, backwards hillbilly town you live in, you'd get your malformed ass beat down the moment you opened your mouth.

You like wasting your breath and time on this, don't you? Its full-time job if you want to educate some ignorant on the internet. It's better to laugh on their comment and move on.

Personally, I believe that sometimes there can be some value to respond to either rephrame the discussion or to bring up related points or like you said to make some kind of laughing point regarding roach and/or some of the other disingenuine troll/shills that post in this thread from time to time, and in roach's case, he has been pretty damned regular for a decent amount of time.

Sure, we do tend to understand that that dicktwat is not really genuinely interacting and that is kind of the definition of a troll, so sometimes our responses do give him more attention than he deserves or allows him to reiterate his nonsense.  Anyhow, I do think that you can go either way on whether to respond to roach or any of the other troll/shills, and I do tend to believe that if their posts are not getting deleted, then it would be problematic to let all of them stand, "as is" because some folks, especially newbies, might actually believe some of the baloney and even potentially get damaged directly or indirectly by their being mislead in a way that could have been cleared up.

Jesus Christ roach, you truly know nothing about anything. The guy on the right is clearly a Sikh, not a muslim, and they sure as hell don't live in the sand, you crusty ignoranus.

No wonder you never leave whatever Podunk, backwards hillbilly town you live in, you'd get your malformed ass beat down the moment you opened your mouth.

You like wasting your breath and time on this, don't you? Its full-time job if you want to educate some ignorant on the internet. It's better to laugh on their comment and move on.

He clearly doesn't want to be educated, but consider me as having moved on. I just wanted to point out to the average lurker that we're not all as backwards and retarded as he is.

Exactly!!!!  I think that is correct, and also I think that sometimes Roach's ideas might just float out there, and if those almost exclusively dumbass  ideas do not get challenged, rebutted and/or ridiculed then even some of the lurkers might begin to conclude that some of us might be guilty by association, in other words, we might be considered nearly as retarded as that diptwat, if we do not say anything about his persistent and ongoing level of incredible dumb.    

We might even be able to get some entertainment from dee roach, too, especially if no one wants to delete him, and if infofront is having a little love fest with dee roach... (hahahahaha I am just kidding infofront.. .just trying to exaggerate a point a bit because I realize that ultimately you are decently and highly tolerant with a belief of mostly minimum intervention to the extent feasible, which probably is amongst the most practical in this thread).

[El duderino_]

Daaaamn tomorrow for the first time in history code red for heat temprature, we gonna get 38-40☀️ In our precious Belgium

I actually can use a good pump during this heat

 Nice!  We could use some of that.  Woke up this morning (on vacation) to 11°C... presently 16°C with a steady rain.  Good day to scope out a nice restaurant.

  not best holiday temps .... though have a nice dinner

[AlcoHoDL]

Well, there's going to be lots of beer flowing where I'm going tonight. The weather is just perfect for a barbecue and that's what we'll be doing tonight. Lots of delicious meat, beer, and a cool company (coiners, too!).

Have fun guys 'n' gals. And never ever forget:

Honey BTCadger Don't Care!

[VB1001]

Daaaamn tomorrow for the first time in history code red for heat temprature, we gonna get 38-40☀️ In our precious Belgium

I actually can use a good pump during this heat

 Nice!  We could use some of that.  Woke up this morning (on vacation) to 11°C... presently 16°C with a steady rain.  Good day to scope out a nice restaurant.

  not best holiday temps .... though have a nice dinner

This heat is shit, I'm much better in winter.

[asche]

Hey guys,

Slightly off topic here, but I couldn't find where to ask, so I thought you guys might.

Looking for an ATM without ID to withdraw btc in LA, anyone know where I could find this/where I could ask?

[VB1001]

Hey guys,

Slightly off topic here, but I couldn't find where to ask, so I thought you guys might.

Looking for an ATM without ID to withdraw btc in LA, anyone know where I could find this/where I could ask?

I do not know if this can help you:

https://coinatmradar.com/

[asche]

Hey guys,

Slightly off topic here, but I couldn't find where to ask, so I thought you guys might.

Looking for an ATM without ID to withdraw btc in LA, anyone know where I could find this/where I could ask?

I do not know if this can help you:

https://coinatmradar.com/

Thanks for the tip!
I found it too, but hard to filter on fees/need for kyc. Rather tideous process

[Hueristic]

I'm not sure if you're the mod of this thread, but I was curious of something, why do you support and encourage
a resident racist psychopath do be the main content provider?

He is.

I don't understand why It is tolerated by the man with the plan or engaged by long time posters who should know better. It's slowly draining the joy from this thread.

And any newcomer will wonder what the fuck is going on.

I've noticed people like to pile on the merits to anyone that engages him and shows what a fool he is.

That is their incentive and his of course is getting the recognition of existence he does not deserve.

[willope]

Bitcoin is slowly falling. What a sad day.
So take your time and let's dream together looking Saturn V launch, the bitcoin of that generation.
https://www.youtube.com/watch?v=SZ51Cx29sa8

[willope]

Bitcoin is slowly falling. What a sad day.
So take your time and let's dream together looking Saturn V launch, the bitcoin of that generation.
https://www.youtube.com/watch?v=SZ51Cx29sa8

[willope]

Bitcoin is slowly falling. What a sad day.
So take your time and let's dream together looking Saturn V launch, the bitcoin of that generation. (Von Braun the Satoshi of that bitcoin)
https://www.youtube.com/watch?v=SZ51Cx29sa8