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

[realr0ach]

The ones who miss out will become even more hostile.  We know about FOMO, but we may have only experienced the start of HFMO (hatred from missing out).
https://twitter.com/NickSzabo4/status/1157693376898064384?s=20

indeed, r0ach is a perfect example

Nick Szabo is one of the #1 scammers in digital shitcoins.  He shills for Ethereum for fuck's sake.  And all of his economic interpretations are either wrong or flat out lies.  He doesn't even seem to comprehend the difference in money vs currency, or just flat out omits the two words in order to lie to his audience because they would realize all currencies (like cryptocurrency) are Keynesian scams based on artificial scarcity.  To be money it's required to be a non-perishable, physical commodity (I.E. not an imaginary, Keynesian widget based on artificial scarcity like US dollars, Bitcoins, or Dogecoins).  Aristotle knew this thousands of years ago and fly by night scammer Nick Szabo is no Aristotle.

[1714150048]

1714150048

[1714150048]

1714150048

[1714150048]

1714150048

[1714150048]

1714150048

[JayJuanGee]

Off topic:

I tried the Impossible Whopper today at BK. You know the one with beyond meat. It tasted like shit.  

Sorry cows, but we arent gonna stop eating you anytime soon.

I worship no god but our Lord and Savior King BTCitcoin, but I will note in the Bible that as soon as Jesus was resurrected and reunited with his homies the desciples, he had one thing on his mind.....

King James Bible
"And while they yet believed not for joy, and wondered, he said unto them, Have ye here any meat?"

 Sadly, they gave Jesus fish.

I am not familiar with such Jesus story.  Were they real fish, impossible fish or beyond fish (which would be a variant of impossible fish)?

 Hey!  You might be onto something here.  I've never seen a vegetarian fish substitute.  Searching...

You know that some people have the idea of fish messed up in their heads, too.  They consider fish to be a non-meat, even though most of us normies would consider fish to be kind of meat that merely differs from other meats in certain kinds of ways. Of course, shell fish and fish that feed lower on the food chain such as sardines and anchovies, but perhaps this Jesus case would be referring to more traditional full bodied fishies that fit in a vertebrates category?   

[JayJuanGee]

The ones who miss out will become even more hostile.  We know about FOMO, but we may have only experienced the start of HFMO (hatred from missing out).
https://twitter.com/NickSzabo4/status/1157693376898064384?s=20

indeed, r0ach is a perfect example

Nick Szabo is one of the #1 scammers in digital shitcoins.  He shills for Ethereum for fuck's sake.  And all of his economic interpretations are either wrong or flat out lies.  He doesn't even seem to comprehend the difference in money vs currency, or just flat out omits the two words in order to lie to his audience because they would realize all currencies (like cryptocurrency) are Keynesian scams based on artificial scarcity.  To be money it's required to be a non-perishable, physical commodity (I.E. not an imaginary, Keynesian widget based on artificial scarcity).  Aristotle knew this thousands of years ago and fly by night scammer Nick Szabo is no Aristotle.

Thanks good ole buddy, roach.

That's why "we"  (that is the royal we) appreciate you so muchie, here.

You, roach, have this uncanny ability to suss out the shitcoiners from the true bitcoiners in order that we can stay more focused on real bitcoin maximalism in these here parts.  

Thanks again, good ole buddy, roach.    You're the greatest!!!


"We" owe you one.

[realr0ach]

It's amazing how virtually everyone that's a lawyer is a piece of shit.  From Obama to Nick Szabo.  Since Ethereum imploded and became a joke, Szabo has cut back on his Eth shilling and a random newb poster might not know about it, but in the early days of Ethereum he was hardcore shilling for it, probably in order to try and profit by defrauding people with something he likely already knew was garbage.  This is why anyone should be insanely skeptical of anything else he says and demonstrates why all of his economic explanations are also garbage.

[JayJuanGee]

It's amazing how virtually everyone that's a lawyer is a piece of shit.  From Obama to Nick Szabo.

Surely, you, roach, are not judged by your peers here, to be anything close to a piece of shit.  

Accordingly, based on that kind of an underlying presumption, you would be in real good bird's eye position to be able to verify for the rest of us with exact precision what is or is NOT a "piece of shit."  

Thanks again, Roach.  

I am starting to feel a bit warm and cuddly regarding your abilities to be able to provide both topical and helpful information in these here wall observing parts.

[realr0ach]

Listen, JayJuanGee, all you really need to know is the further you abstract money away from barter the bigger a scam it is.  Since humans practice specialization of labor, monetary units besides direct barter were needed.
The closest thing to barter without being barter to facilitate trade with specialization of labor is the trade of non-perishable physical commodities as money (silver, gold, copper, etc).  

Craptocurrency is abstracted WAY WAY WAY the fuck past barter in a dysfunctional, Keynesian, Rube Goldberg machine based on artificial scarcity that claims to be decentralized but has transaction validators that are designed to centralize and with built-in, rent seeking middlemen in every trade that you also have to ask permission to in order to even move your "coin".  Even if it was possible to create a decentralized digital currency - it's not, it's 100% impossible - it would still be so far abstracted from barter that it would be an obvious Keynesian scam to anyone regardless.  Such is the case with anything classified as currency - garbage based on artificial scarcity like US dollars, Bitcoins, Chuck E Cheese tokens, instead of physical commodity money like silver, gold, copper, etc.

[JSRAW]

Japanese Crypto Exchange Bitpoint Restarting Trade Services

Japanese crypto exchange Bitpoint is resuming some trading services following a $28 million hack in mid-July.

Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet. According to CoinDesk Japan, the hacked wallet is no longer in use and therefore not under threat.

Margin trading services will begin August 9th. The exchange says margin trading utilizes a similar wallet to fiat withdrawals. Spot trading will open on August 13th.   

[realr0ach]

HITLER TOOK THE GUNS
STALIN TOOK THE GUNS
TRUMP TOOK THE GUNS

[JayJuanGee]

Listen, JayJuanGee, all you really need to know is the further you abstract money away from barter the bigger a scam it is.  Since humans practice specialization of labor, monetary units besides direct barter were needed.
The closest thing to barter without being barter to facilitate trade with specialization of labor is the trade of non-perishable physical commodities as money (silver, gold, copper, etc).  

Craptocurrency is abstracted WAY WAY WAY the fuck past barter in a dysfunctional, Keynesian, Rube Goldberg machine based on artificial scarcity that claims to be decentralized but has transaction validators that are designed to centralize and with built-in, rent seeking middlemen in every trade that you also have to ask permission to in order to even move your "coin".  

O.k... I will use your framework.... except I will presume that we are talking about bitcoin, and not folding shitcoins into such discussion, in spite of your dumbass inability to stay focused on bitcoin, you dumbass convolutor.

Bitcoin is way the fuck less abstracted away than physical metals such as gold and silver, because you can keep your bitcoin private keys within your personal possession if you so choose.  Therefore you do not rely on anybody for your security or storage or transportation or verification.  Of course, there is a system involving mining, verification and transactions and anyone can chose the degree to which they participate in that system, that has open source transparency regarding how it works including market based incentives.

Your security, storage, transportation and verification of your gold is a lot more complicated, especially these days and into the future when fewer and fewer people are likely going to be involved in such system, especially since they are continuing to be moving towards bitcoin... and you have a fucking BIG ass problem with both divisibility and liquidity.

Even if it was possible to create a decentralized digital currency - it's not, it's 100% impossible -

You don't know what the fuck you are talking about.  Bitcoin is the most decentralized of any value storage  system that we have ever had, and various forms of math including proof of work and difficulty adjustment help to facilitate the operation of such a system.

it would still be so far abstracted from barter that it would be an obvious Keynesian scam to anyone regardless.  

Again.. assumptions assumptions...   You want to assume that value has to be physical.. you are a dumb ass.  There is value in being able to transfer something across the world in minutes that is recognized as valuable on that side of the world.  So therefore, i have just transported value across the world with fairly little extra expense and I did not have to ask for the assistance of anyone because the bitcoin system allows for the transportation of bitcoin tokens on its system and if i have the tokens I can send them to myself, to you, or to somebody else or to multiple people at the same time... BIG or small transferrings of value... which is valuable in and of itself to be able to do that.

Such is the case with anything classified as currency - garbage based on artificial scarcity like US dollars, Bitcoins, Chuck E Cheese tokens, instead of physical commodity money like silver, gold, copper, etc.

Well, whether you say we can do it or not, we can do it.... .proof of the pudding is in the eating, and we can do it, right now today, if we want to do it and we have a party in which we want to transact with, whether with myself, with you, with someone else or some group or institution or government.. they just have to provide a receiving address.... and viola.. it happens today.. it is not a theory except that we are talking about a scenario that can be carried out right now and is being carried out on a regular basis that has been increasing for more than 10 years and increasing more in recent years (we have data on that, too and people are paying for such transactions and usage too.). 

It is not hypothetical..except that it is still evolving so how it will be used in the future is likely to merely be an extension of how it already can be used today.

[HairyMaclairy]

Japanese Crypto Exchange Bitpoint Restarting Trade Services

Japanese crypto exchange Bitpoint is resuming some trading services following a $28 million hack in mid-July.

Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet. According to CoinDesk Japan, the hacked wallet is no longer in use and therefore not under threat.

Margin trading services will begin August 9th. The exchange says margin trading utilizes a similar wallet to fiat withdrawals. Spot trading will open on August 13th.   

These guys are comedians

[jojo69]

Japanese Crypto Exchange Bitpoint Restarting Trade Services

Japanese crypto exchange Bitpoint is resuming some trading services following a $28 million hack in mid-July.

Bitpoint is re-opening cash deposits and withdrawals in fiat currencies on August 6th following a safety assessment of the exchange’s cryptocurrency wallet. According to CoinDesk Japan, the hacked wallet is no longer in use and therefore not under threat.

Margin trading services will begin August 9th. The exchange says margin trading utilizes a similar wallet to fiat withdrawals. Spot trading will open on August 13th.   

These guys are comedians

I can't wait to sign up.

[VB1001]

A Battle Between Bitcoin Wallets Has Big Implications for Privacy

Bitcoin privacy wallet Samourai announced last Thursday that its primary competitor, Wasabi Wallet, is the target of an ongoing network attack.

The blog post is the latest in a string of allegations Samourai has leveled against Wasabi since mid-July.

The attack, according to Samourai Wallet, resembles a Sybil attack, where a small number of users falsifies new identities and pretends to be much larger in number. This would mean that the anonymity set, or crowd, in which a user can hide their bitcoin transactions is not actually as large as Wasabi suggests.

https://www.coindesk.com/a-battle-between-bitcoin-wallets-has-big-implications-for-privacy

[realr0ach]

A Battle Between Bitcoin Wallets Has Big Implications for Privacy

https://www.coindesk.com/a-battle-between-bitcoin-wallets-has-big-implications-for-privacy

Both are garbage.  Since Bitcoin is not fungible, the govt will just claim ANY attempt to mix or obfuscate transaction history is a money laundering crime.  So the default state of Bitcoin's existence will always just be a govt tracking and control system that abolishes the 5th amendment where everything you do is monitored in real-time.

This is among the long lists of reasons why you should NEVER support any piece of shit, non-fungible currency and should always insist on using real, fungible, physical commodity money (gold, silver, copper, etc) that doesn't function as both a tracking system and permissioned ledger.  Anything non-fungible will always be a permissioned ledger in the end.  The only possible endgame evolution of craptocurrency will be identical to the Chinese social credit score system.  You 3rd world Indian children scammers need to fuck off with your shilling for crypto garbage that are just trojan horses for a cashless society slavery system from (((the state))).

[Negotiation]

Sex & Crypto | Cointelegraph Documentary

Censorship resistant, pseudo-anonymous, untraceable. These are the main characteristics that make cryptocurrency an enticing payment method for purchasing adult content. Pornsites, webcam platforms and online sex shops often struggle with traditional payment systems because

Youtube Source: https://www.youtube.com/watch?v=Ev7h0GODcFE

[soxxx]

Looks like bitcoin broke out of a falling wedge on the 1 hour, the target puts us above $12,000. What do I know though

[Distinctin]

Looks like bitcoin broke out of a falling wedge on the 1 hour, the target puts us above $12,000. What do I know though

Seems to be going that way, it's now moving upward, trading at $11900 in Binance.

[realr0ach]

The evil cult of Judaism conspires to violate the 1st amendment and remove 8chan and Daily Stormer off the internet (again) based on govt orchestrated false flag shooting:

https://arstechnica.com/tech-policy/2019/08/8chan-briefly-got-back-online-with-same-cdn-used-by-neo-nazi-daily-stormer/

[soxxx]

Looks like bitcoin broke out of a falling wedge on the 1 hour, the target puts us above $12,000. What do I know though

Seems to be going that way, it's now moving upward, trading at $11900 in Binance.

yeah, and actually you could make a case this is a bull flag of some sort, and we broke that and the target price for that would be $13,000.

Ill be happy though if I wake up tommorow morning and it's above $12k

[soxxx]

Well that was fast, we hit $12k, now if that was a flag from $11k then our target is $13k.....

[El duderino_]

Well that was fast, we hit $12k, now if that was a flag from $11k then our target is $13k.....

Indeed fast forward through 12K