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

[realr0ach]

(((bitcoin)))

https://www.ccn.com/alex-jones-tells-joe-rogan-george-soros-offered-me-5-million-to-pump-bitcoin/

No different to Nike paying sportsmen to wear their football boots & clothing.

Jew Soros isn't sponsoring Bitcoin because he likes shoes or wants to make a flip profit, it's because he wants a digital only, cashless society slavery system where all goyim are tracked and monitored aka Bitcoin.

[sirazimuth]

...many of them are barely cognitive enough to operate a point of sale terminal or motor vehicle.

Oh jeeezus... too right ...Don’t even go there...

[realr0ach]

Regarding the user you mentioned, I am always surprised that we can let him deliver the insanities/outrageous opinion he has been uttering here for so long.

What if I told you anything that's not goyim liberation ideology is insane?

[sirazimuth]

^ I’m the middle of a shit sandwich. It figures...

[JayJuanGee]

Blocks are nice and empty at the moment if anyone wants to consolidate.  Just had a 20 sat transaction clear in first block I think.

20 sat/b is way too high for next block inclusion.
Thinking about a post on how to calculate optimal fees and stuff.
Every sat count!
Keeping stacking Satoshi!

There are at least 3 or 4 tx fee estimators.

The Bitcoin Core QT wallet includes one, but it's never been very accurate. Electrum has a couple of better ones built in too.

The best reference I used for the past several months, maybe since a couple of years already is this one: https://bitcoinfees.earn.com/api/v1/fees/recommended

Currently:

Code:

fastestFee	10
halfHourFee	4
hourFee	2

If I'm not in a hurry, I use the hour fee. Or somewhere in between those numbers. I rarely use anything higher than the fastest fee.

Where have you been Dabs?  

We were potentially needing an escrow servicer about a day or two ago, on one of the batted around disingenuine bets... that was going back and forth between toknormal and gallianooo

This linked post by me sums up some of the back and forth discussion around the topic and probably the latest status of "ded", which largely just showed that toknormal was spewing out nonsense in terms of what he was proposing about the direction of the bitcoin price, but gallianooo was trying to get him to put some money on the topic.. and I suggested that a small amount of money would be all that would be needed in order to make the point.

I am thinking that the bet probably dried up because toknormal was not ready willing or able to bet any kind of an amount in regards to what he was saying, even if it was a small amount, but hey, in theory, your escrow services were "almost" needed. hahahahaha

[realr0ach]

This is interesting.

https://dailystormer.name/top-gun-female-star-outraged-she-isnt-being-called-in-for-the-sequel/





And how does someone randomly go from married to a fat lesbian alcoholic?

[Negotiation]

How Government Agencies Make Criminals of Crypto Traders



Article source: https://news.bitcoin.com/how-government-agencies-make-criminals-of-crypto-traders/

[jojo69]

 Thanks to all of you!

do chin roller?

[realr0ach]

Plus,here is Walter Isaacson telling us that we are about to split into subspecies and it would be difficult to impossible to stop it:
https://airmail.news/issues/2019-7-27/should-the-rich-be-allowed-to-buy-the-best-genes

If you were to use the same criteria for classifying animals as humans, blacks and whites would already be a different species or subspecies because they do classify animals that can interbred as different species.  At the very least humans would probably be at least 3 DIFFERENT subspecies of North Eurasian, Southeast Asian, and African.  Or maybe even Africans as an entirely different species closer related to Homo Erectus and then Homo Sapiens with North Eurasian and Southeast Asian subspecies.

[VB1001]

https://studio.glassnode.com/metrics?a=BTC&m=valuation.Sopr

Introducing SOPR: spent outputs to predict bitcoin lows and tops

Introducing the Spent Output Profit Ratio (SOPR)
The SOPR a very simple indicator. It’s calculated from spent outputs. It’s the realized value (USD) divided by the value at creation (USD) of the output. Or simply: price sold / price paid.
When SOPR > 1, it means that the owners of the spent outputs are in profit at the time of the transaction; otherwise, they are at a loss
By plotting the SOPR of all spent outputs combined, aggregated by the day in which they were spent (using blockchain date), the graph can be produced

https://medium.com/unconfiscatable/introducing-sopr-spent-outputs-to-predict-bitcoin-lows-and-tops-ceb4536b3b9

[realr0ach]

Come back when you're over 18

Until then, /ignore

EDIT: Nice edit; I hope you're not implying that government is unnecessary and wrong. Without modern civilization you wouldn't even be able to make that terrible argument on the internet. Do you know what hypocrisy is?

As long as two people exist on the planet in close proximity there will be some form of government or governance agreement unless they flat out kill each other.  So 'anarchy' is not even a thing.  At best, anarchy is a brief, transitory state before a strongman seizes power, or a tool used by an external power to try and spread 'anarchy' in an enemy state in order to weaken it and then destroy it or take it over; which is why they attempted to spread anarchy in Russia before the Jewish bolshevik takeover there.  

Bitcoin in practice is the same thing as using anarchy as a tactical weapon against other countries.  If say, China, Russia, and Iran banned Bitcoin and prohibited it's use but America didn't, if everyone used Bitcoin in America, it would drastically weaken the state and then nations like China and Russia could crush it.  This is why nations tend to want to do things like a new Bretton Woods all together at the same time so nobody has a tactical advantage of infinite printer scam vs no printer.

A US neocon might read something like this and make believe it's beneficial for the US to try and be the last fiat standing while other nation's monetary system's blow up first and force them into a hard money system with no infinite printer scam.  But it's not that simple.  An infinite printer scam economy cannot interact with a hard money, physical metal economy in any meaningful way, so the two countries would likely just completely firewall off from one another while also highly escalating chances of war over resources that can't be resolved by monetary means.

[Saint-loup]

How Government Agencies Make Criminals of Crypto Traders



Article source: https://news.bitcoin.com/how-government-agencies-make-criminals-of-crypto-traders/

IRS has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agency's larger efforts

The IRS started sending the educational letters to taxpayers last week. By the end of August, more than 10,000 taxpayers will receive these letters. The names of these taxpayers were obtained through various ongoing IRS compliance efforts.

For taxpayers receiving an educational letter, there are three variations: Letter 6173, Letter 6174 or Letter 6174-A, all three versions strive to help taxpayers understand their tax and filing obligations and how to correct past errors.

Taxpayers are pointed to appropriate information on IRS.gov, including which forms and schedules to use and where to send them.

https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts

[jojo69]

SOPR

ummmm, neat idea...but I'm just not seeing anything useful in the graph...

am I missing something?

[realr0ach]

@officialmcafee
Bitcoin is under pressure from the U.S. and its price reflects it. But the U.S. has no real power in controlling CryptoCurrency. Just watch. A week from today Bitcoin will continue its meteoric rise.

https://twitter.com/officialmcafee/status/1155211540846600192?s=21

People like John Mcafee will contribute to accelerate the banning process of cryptocurrencies by the govt.

Probably already does work for the govt in a non-extradition deal.

[fillippone]

Blocks are nice and empty at the moment if anyone wants to consolidate.  Just had a 20 sat transaction clear in first block I think.

here you go: Bitcoin Transaction Fees - Everything in one

I went with the suggested regular fee at two of my wallets, fees are very low (paid approx. 3 sats/byte).  Let's see how long it takes them clear.

You can consolidate your bitcoin at 1 satoshi/byte.

Once again, you have good time to move your bitcoin with cheapest fees, at 1 satoshi/ byte.

Currently, it seems that transaction fees fluctuated around 1 sat/byte. Fees for transaction with 1 input (148 bytes), 3 outputs (102 bytes) costs only 260 satoshis, which is double than yesterday fee.
It is a best time to consolidate your bitcoin leftovers, but it doesn't last for too long. Hurry up.

Please check more there:
https://tradeblock.com/bitcoin/historical/6h-f-tfee_blk_avg-01051
https://coinb.in/#fees

Dear Lord,
This is almost exactly what I meant to write, with only a few variations. (I would have used some different websites and stuff)... but yes, it has already been written.
Damn... that wasn’t too original anyway.... but alas just speaking about fees saved someone using way too high fees... so nice!

[fillippone]

Blocks are nice and empty at the moment if anyone wants to consolidate.  Just had a 20 sat transaction clear in first block I think.

20 sat/b is way too high for next block inclusion.
Thinking about a post on how to calculate optimal fees and stuff.
Every sat count!
Keeping stacking Satoshi!

I think he meant 20 sat total fee. Mempool is being nearly cleared each block recently.

There is no thing like a 20 sat total fee. Transactions are at least 226 bytes long: at 1 sat/byte this means 226 Satoshi.

EDIT FOR CLARITY: This is not a protocol level limit. 0 sat/tx fees are protocol level valid so actually possible. But as there's no incentive for miners to mine them, I hardly doubt it will be ever mined. Sub 1 sat/byte are also possible, but i THINK many miners set lower bound at 1 sat/byte (coincidentally equal to minimum relay fee): this is to avoid inserting "dust transactions" on their blocks.
So yes, sub 226 satoshi transactions are valid and possible, but very likely not to be mined even with almost empty mempool.
Happy to be proved wrong.

[Traxo]

This is interesting.

Indeed, and on-topic as well. 

https://www.youtube.com/watch?v=eSt62K70o0E
[Milo Yiannopoulos tells lesbian she doesn't exist]

Perhaps skip to 2:18 if video seems too long.

[El duderino_]

┏┓ 
┃┃╱╲ in
┃╱╱╲╲  this
╱╱╭╮╲╲   house
▔▏┗┛▕▔    we
╱▔▔▔▔▔▔▔▔▔▔╲ 
       believe Bitcoin is the
        best store of value
              in the world
╱╱┏┳┓╭╮┏┳┓ ╲╲
▔▏┗┻┛┃┃┗┻┛▕

https://twitter.com/apompliano/status/1155461932083752960?s=21

One day, r0ach Will see this as well

Goodmorning brothers

[fabiorem]

How Government Agencies Make Criminals of Crypto Traders



Article source: https://news.bitcoin.com/how-government-agencies-make-criminals-of-crypto-traders/

IRS has begun sending letters to virtual currency owners advising them to pay back taxes, file amended returns; part of agency's larger efforts

The IRS started sending the educational letters to taxpayers last week. By the end of August, more than 10,000 taxpayers will receive these letters. The names of these taxpayers were obtained through various ongoing IRS compliance efforts.

For taxpayers receiving an educational letter, there are three variations: Letter 6173, Letter 6174 or Letter 6174-A, all three versions strive to help taxpayers understand their tax and filing obligations and how to correct past errors.

Taxpayers are pointed to appropriate information on IRS.gov, including which forms and schedules to use and where to send them.

https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-currency-owners-advising-them-to-pay-back-taxes-file-amended-returns-part-of-agencys-larger-efforts

The wall is not to prevent immigrants from going in, but to prevent americans from going out.

[realr0ach]

The wall is not to prevent immigrants from going in, but to prevent americans from going out.

Not really possible.  Mexico seems to be running out of oil supply fast.  Having no energy supplies to run a modern, industrial civilization is what people will be fleeing away from.  Plus economic implosions in Honduras and wherever since the periphery of an empire/system collapses first.  The wall idea really is to prevent an infinite stream of 3rd world brown people coming in like locusts.