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

[Saint-loup]

Massive Crypto Whales Move 318,649 BTC Worth $3 Billion in Just Six Hours

In a matter of just six hours, whales have moved 318,649 BTC worth more than $3 billion. All of the transfers happened between wallets of unknown origin.

This indicates the crypto may have changed hands in over-the-counter (OTC) sales, or the users decided to shift funds to new wallets for security.

So far, none of the BTC appears to be headed to crypto exchanges, where it could be traded on the open market and have an impact on the price of Bitcoin.

https://dailyhodl.com/2019/07/29/massive-crypto-whales-move-318649-btc-worth-3-billion-in-just-six-hours/

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[El duderino_]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Or is this area the ..... we are in a bullying market??  



btw, I always do adapt to survive, similar as in that X-men movie .....

Time to HODLsleep

Goodnight brothers of the Wall

[El duderino_]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

[Saint-loup]

FUCKING SHIT IF YOU ARE GOING TO GO UP GO UP ALREADY AND MAKE ME RICH FFS

IF YOU ARE GOING TO GO DOWN GO FUCKIN DOWN SO I CAN BUY MORE

...and i thought $5k was bad.

Getting stuck at $9-10k feels so disgusting. Don't want to buy many because dunno if it is going to go up sharply or go down and create more buy opportunities.

Sorry for caps, i lost myself a bit.

Just wanted to shout.  

Dude.  I am DCAing a leveraged long position right now. Very low leverage - well under 1:1.   My current dollar cost average is $10,500 and I am totally relaxed because every slight chip down in the price just lowers my DCA.  

Adapt to the price.  Don’t fight it.  We are in a bull market.  The price will go up again.  You will have what you are looking for.

Or is this area the ..... we are in a bullying market??  



btw, I always do adapt to survive, similar as in that X-men movie .....

Time to HODLsleep

Goodnight brothers of the Wall

[fillippone]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

[degxtra1]

Massive Crypto Whales Move 318,649 BTC Worth $3 Billion in Just Six Hours

In a matter of just six hours, whales have moved 318,649 BTC worth more than $3 billion. All of the transfers happened between wallets of unknown origin.

Seems they took advantage of very low transaction fees.

BTW Croach, do you know how much will cost sending 66 tons of gold from your seller to attic ?  

[El duderino_]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

[fillippone]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

I am sure we will have other problems to solve by then.

[Biodom]

Take part in designing the "satoshi" symbol..it's fun, actually:

https://cryptoslate.com/the-satoshi-the-smallest-unit-of-bitcoin-is-getting-its-own-symbol/

[criptix]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

They just got your password lewl 

[fillippone]

TrueCrypt is a very powerful encryption s/w. I use it every day at work (I'm handling highly classified data and I rely on it for their protection). However, if the passphrase is poorly chosen (say, something like "iLOVEbitcointalkBECAUSEitMAKESmeHAPPY"), then it can be very easily cracked using a $200 PC. Just because you're using TrueCrypt doesn't necessarily mean your data is secure. It's how you use it that matters. It's like choosing "1234" as your credit card PIN. It's not the algorithm that's weak, it's the user that's dumb.

So, the fact that the wallet is protected by TrueCrypt doesn't guarantee anything...

But... We're talking about Satoshi here, so I'm sure he has used a cryptographically strong passphrase.

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

A +30 character PW Will always be strong.....

Of-course to add a special character and number probably make it more strong

When i see this kind of discussion there only one things that comes into mind.
the always relevant XKCD:



https://xkcd.com/936/

If you check your password into this site, well, they are pretty secure apparently

https://howsecureismypassword.net/

(no, CorrectHorseBatteryStaple is not secure, actually)

via Imgflip Meme Generator

Thx good to know

They just got your password lewl 

DAMN!

[jojo69]

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

that's what I was thinking, it passes the "correct horse battery staple" test

edit/   ahhh yes, I see this is most adequately covered above, good job guys

[jojo69]

(no, CorrectHorseBatteryStaple is not secure, actually)

15 octillion years is not secure??

[Biodom]

IMO iLOVEbitcointalkBECAUSEitMAKESmeHAPPY is a strong password and can not be cracked easily with a $200 PC. But I would add at least one number and a special character.

that's what I was thinking, it passes the "correct horse battery staple" test

edit/   ahhh yes, I see this is most adequately covered above, good job guys

I dunno, the above example sound pretty much like a 'brain wallet' that turned out to be very hackable.

It reminds me of a strange coincidence few years ago when in Megamillions (one of two US lotteries) four out of six numbers were those also depicted in a recently screened show "Lost". The end result was that more than 41K people won (much, much higher than expected).

They thought at first that someone hacked the lottery. A funny thing: if just one more number (a fifth one) would be chosen out of the "Lost" numbers, then the lottery would have gone bankrupt as they promised to pay 250K to EVERYONE who wins five numbers (out of six).
250KX41K=$10 billion. EOL.
https://www.huffpost.com/entry/hurleys-lost-numbers-win-fans-mega-millions-lottery-money_n_804723

[jbreher]

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?

Call for? No. Allow for? Yes.

Remember - permissionless.

And a service that will have to be run by nation states and/or giant corporations, and will be permissioned, censored and controlled by them?

Read moar. There are no hooks within the protocol to bar any entrant's participation.

(assuming it can work at all)

Incidentally, it is working splendidly so far.

The shills from the BSV camp want bitcoin to be a centralized, corporate tool.

Where the hell do you get this tripe? That statement has no basis in fact whatsoever.

I read somewhere that CSW has in his possession a wallet belonging to Satoshi or one of his close friends (can't remember the details). He is currently using a huge computer farm to brute-force it open and get hold of the private key.

Riiiight. You 'read somewhere'. Care to post a citation?

Seems you also have no understanding of Bitcoin. Why would Satoshi choose a less secure cryptographic scheme to secure all his private keys, when he already employs a much more secure cryptographic scheme to define each private key? Answer: It defies credulity to assume this to be true.

Definitely difficult to understand how a kind of "infinite" block size brings bitcoin "back" to its roots.

Other than the fact that Satoshi's original release had no set limit on block size. Well, there is that.

If you check your password into this site, well, they are pretty secure apparently

https://howsecurei;dkjxdfbglkjzdsf g;usmypassword.net/

Why the heck would anyone be foolish enough to enter their password into an online password strength checker?

[fillippone]

(no, CorrectHorseBatteryStaple is not secure, actually)

15 octillion years is not secure??

You  might have mistiped.

[jojo69]

You  might have mistiped.

I put spaces between the words, the principle is sound

[jojo69]

This one's got it all;

Bitcoin, money laundering, dark web, drugs and...wait for it...quadrillions of Zimbabwe hyperinflationbucks??

https://www.bbc.com/news/technology-49150912

[Syke]

Other than the fact that Satoshi's original release had no set limit on block size. Well, there is that.

No explicit limit, but other parts of the protocol limited the blocks to 32MB.

[Amateur_]

Other than the fact that Satoshi's original release had no set limit on block size. Well, there is that.

No explicit limit, but other parts of the protocol limited the blocks to 32MB.

Would transaction throughput increase with block size?
Would confirmation times remain the same?