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

[HairyMaclairy]

Good evening at $10.009  
I've seen higher figures today.
Daily still looking good, continuing yesterdays trend.
I'll wait one more green daily candle with short wick to feel safe.

Don’t try to feel safe man. That’s a trap.  Just go with the flow.  It’s all going in the right direction. 

[Millionero]

The SEC will ramp up its analytics to aid its blockchain complaisance investigations and monitoring. In essence, they have stated that the subscription will collect blockchain data from the various hosted nodes instead of offering the data through blockchain explorers.[/i]
https://cryptoiq.co/the-sec-set-to-begin-running-bitcoin-and-ethereum-nodes/

That's interesting.  
But I wish crypto news writers were held to a higher standard.
It's compliance, not "complaisance".


Definition of complaisance

: disposition to please or comply : affability

https://www.merriam-webster.com/dictionary/complaisance

[Torque]

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

He meant "nobody" as in nobody that matters. You, Judas, Aussie Man, Porn Man, Coke Man, and a handful of other idiots don't count.

So, no not a blatant lie. Lol.

[jbreher]

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers.

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Or the difficulty was low

No. The nonces in each won block indicate that the vast majority of mining power in the first days was definitely coordinated.

How is that inconsistent with low difficulty on a single laptop?  

Quite evidently, it is not.

I must have misunderstood what you were trying to convey. It seemed as if you were arguing against the post to which you responded. Specifically therein: "the nonces on the blocks indicate that they came from a single "system"".

Sorry for the confusion.

[HairyMaclairy]

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers.

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Or the difficulty was low

No. The nonces in each won block indicate that the vast majority of mining power in the first days was definitely coordinated.

How is that inconsistent with low difficulty on a single laptop?  

Quite evidently, it is not.

I must have misunderstood what you were trying to convey. It seemed as if you were arguing against the post to which you responded. Specifically therein: "the nonces on the blocks indicate that they came from a single "system"".

Sorry for the confusion.

Ok thank you.

I try to make posts crisp and clear.  JJG has taught me something.

However brevity can sometimes introduce its own misunderstandings.  

[jbreher]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.

Right, why would it have any negative consequences since nobody uses it, dah?

Way to completely miss the point. Again.

All the txs (again, save for the coinbase tx of each orphaned block) were ultimately included onchain.

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

Thanks Craig for sorting that out.  We don't know what we would do without you.

Precious. HM thinks I'm Craig. Jiggy thinks I'm a government agent.

OTOH, several here have provided thinly-veiled evidence that they know exactly who I am. Which is, incidentally, neither of the above. Nor am I HM nor Jiggy, for that matter.

[HairyMaclairy]

Precious. HM thinks I'm Craig. Jiggy thinks I'm a government agent.

[makrospex]

Good evening at $10.009  
I've seen higher figures today.
Daily still looking good, continuing yesterdays trend.
I'll wait one more green daily candle with short wick to feel safe.

Don’t try to feel safe man. That’s a trap.  Just go with the flow.  It’s all going in the right direction.  

Yep, as always.
Since i don't trade and just hodl...  

EDIT: Feeling "safe" about an intermediate uptrend. I guess it's about a 50% chance to see big red candles after day3 of the daily uptrend. Still 50% chance of not seeing one. We'll see.

EDIT2: intermediate = mid-term.

[JayJuanGee]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.

Right, why would it have any negative consequences since nobody uses it, dah?

Way to completely miss the point. Again.

All the txs (again, save for the coinbase tx of each orphaned block) were ultimately included onchain.

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

Thanks Craig for sorting that out.  We don't know what we would do without you.

Precious. HM thinks I'm Craig. Jiggy thinks I'm a government agent.

OTOH, several here have provided thinly-veiled evidence that they know exactly who I am. Which is, incidentally, neither of the above. Nor am I HM nor Jiggy, for that matter.

One thing you have been recently is a convoluted drama queen bear.

[JayJuanGee]

I guess it's about a 50% chance to see big red candles after day3 of the daily uptrend. Still 50% chance of not seeing one.

You are sounding about as certain as me. 

TLDR:  It's about 50/50.

[_javi_]

i couldnt resist..
i voted the poll most bullish option. 

[El duderino_]

https://m.youtube.com/watch?v=Wigz8z6Vm3U

Anyone saw the schiff-pomp already?

Something for tomorrow.... HODLsleep now and above 5-dig

Lets keep it

[HeSoCo]

[jojo69]

I wish crypto news writers were held to a higher standard.

ummmm, no, wait

I wish crypto news writers were held to a higher standard.

Not quite sure when we turned over the keys to these snot nosed illiterates, but I long for the days of the bespectacled cantankerous copy editor.

[JayJuanGee]

https://m.youtube.com/watch?v=Wigz8z6Vm3U

Anyone saw the schiff-pomp already?

Something for tomorrow.... HODLsleep now and above 5-dig

Lets keep it

Even though I was on Pompliano's side and I thought that he did pretty well, because he is usually a bit of a joker, but I think Peter did pretty well too, by repeating his nonsense and Pompliano kind of let Peter get away with it.

[Dunkelheit667]

The monthly update:



Spring is finally over, the summer has arrived and is already far too hot (at least for my liking).

So here we go with a red month of July. That's fine, let's cool down a bit to enjoy new, fresh green in the future.

China teaches its people what real money looks like, a chairmans saw the light, fresh fiat will be printed, responsibly minded investors can finally buy the real thing - you know the drill, my accumulation phase is not finished.

Gentlemen, enjoy the month of August!

[Syke]

How is that inconsistent with low difficulty on a single laptop?  

Even if multiple machines, which I doubt, I don’t know how you can say with confidence that sequential nonces aren’t just crappy code shared by all machines.  To state the bleeding obvious, if all clients count their nonces starting at “1”, and then “1 + 1” etc, your blockchain will have a series of nonces counting in order. 

None of this pool conspiracy theory makes any sense.

Early analysis implied that Satoshi was running many computers. I missed seeing a later update that fits more in line with a quad-core desktop miner: https://bitslog.com/2013/09/04/satoshi-machine-one-mystery-is-solved-and-another-opens/

[STT]

https://i.imgur.com/LACwgfE.png


needs moar lines

Yea spaghetti soup, lots of lines but the flavour is good :p  I'd apologise but that was just a quick chart but sometimes more is less so clarity would be good.   I was told if you cannot explain an idea with crayons then you dont have a good product to market that will do well and the guy who said that made 20% gains for 20 years which is a giant compound so I presume it was a good principle.   
   We arent as much bearish as I thought possible, 9000 is bedrock for now and shows up on the weekly but I'm thinking we are still within a bearish trend that can surprise.    I took the plain chart and put just 1 channel on it, so down is the most clear trend but 12,000 as a reasonable target would mean perhaps theres less to lose betting upwards as 9000 is below.
   I'm bearish but I'm a cynic and expect the market even a bull to buck and throw off everyone it can before it moves.

[RoomBot]

Augh. Watching this drop is depressing. Gonna tune out for a while and concentrate on healing/physio.

Fucking Bitcorn. Doesn't look like I'm helping Rick retire sooner, at this rate.

Sheeit. Just Goddamnit even.

We'd miss you guys too much.

HODL!

[serveria.com]

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