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

[jbreher]

Let alone the fact that the 16th Amendment was fraudulently declared as enacted by Secretary of State Philander Knox, without the acquiescence of the requisite 2/3 of all states ratifying.

So much wrong I can't address it all, so I'll just correct one item and declare your entire post invalid.

"when ratified by the legislatures of three fourths of the several states"

Thanks. Working from memory here. Fraudulently declared as enacted by Secretary of State Philander Knox, without the acquiescence of the requisite 3/4 of all states ratifying.

Actually, I'll revisit this. If there is 'so much wrong', then with what else do you take issue? Are you trying to tell me that decisions of the US Supreme Court have no relevance?

[jbreher]

Got a call from my bank today. They had a few questions about my finances and expected money movements in the coming year. I barely deal with them so it was over quick, but they know I have bitcoin and I know they don't like it. Probably just a matter of time until they boot me, but that's expected.

I'm gonna buy my plane tickets with bitcoins the next few times. Lots of places that do it now, gotta see if I can actually live a normal life without a bank.

On that topic, check out Celsius.network.

It pays me 4.6% interest on my Bitcoin, and will loan me money at 5%interest witl btc collateral.

I started earning on some of my btc stash 2 weeks ago.  So far it's awesome!

So now you don't need. Anne for loans any more,. And holding can pay interest.

At the mere cost of counterparty risk.

[jbreher]

Sixteenth Amendment ratification arguments have been rejected in every court case where they have been raised and have been identified as legally frivolous.[3]

Yes, they have been rejected. Without ever addressing the facts of the matter. At least in every case I have reviewed.

Whaddaya expect? Statists gonna state.

You live under a common law system.  Judges make the law by interpreting the constitution, legislation and previous cases.  If a judge says it, it’s law until overturned.   That’s just how it works. If you want to tip over that particular apple cart, you are going to have to go back to the Norman Conquest in 1066.

I think we are in violent agreement on this part. However...

If the courts were to respect the law -- especially common law -- they would be able to trace their decisions through the precedents to the point where any matter of law was considered and judged upon. The basis of the income tax is a matter that cannot be traced back to a source decision. Because there exists none.

[jojo69]

I have it on good authority that Toxic is soon to return to us.

[JSRAW]

Looks fake but i like the idea.

I could be doing the same thing with a tractor all day, instead of listening to customers say nonsense to try to close a contract.

Sir, How about outsourcing this to Indian 

Be it driving uber or sending satellites to space, Indians are doing just fine.... its pretty cheap as well  

[JayJuanGee]

Yeah, agree everyone here can do this all day-night  . We should stop because think if JJG is in a good mood and start doing the same in all posts.

JJG going to opt out for the time being.  

I have it on good authority that Toxic is soon to return to us.

You frequently have pretty decent scoops.  I wonder how many account farms you own?

Looks fake but i like the idea.

I could be doing the same thing with a tractor all day, instead of listening to customers say nonsense to try to close a contract.

Sir, How about outsourcing this to Indian 

Be it driving uber or sending satellites to space, Indians are doing just fine.... its pretty cheap as well  

They don't have no grass in india.  Believe it or not.  A whole country and no grass.   

[bitcoinPsycho]

We need a $800 pump to wake everybody up.

$12576 in one hour

[JSRAW]

I have it on good authority that Toxic is soon to return to us.

Good to hear. i miss his regular chart-updates.

Yeah, agree everyone here can do this all day-night  . We should stop because think if JJG is in a good mood and start doing the same in all posts.

JJG going to opt out for the time being.  

Is it silence before the storm ?  

Looks fake but i like the idea.

I could be doing the same thing with a tractor all day, instead of listening to customers say nonsense to try to close a contract.

Sir, How about outsourcing this to Indian 

Be it driving uber or sending satellites to space, Indians are doing just fine.... its pretty cheap as well  

They don't have no grass in india.  Believe it or not.  A whole country and no grass.   

Hello Mr Columbus, here are the right coordinates 20.5937° N, 78.9629° E  

Last time I read, six countries contribute more than 40% to global agriculture output.

Dragon ( China is leading) followed by Elephant ( India) and then Eagle ( USA), don't remember all of them.

[mindrust]

We need a $800 pump to wake everybody up.

$12576 in one hour

If this happens, it won't stop there. It will go to the new AYH. (>$14.5k) I got a feeling. 

[El duderino_]

We need a $800 pump to wake everybody up.

$12576 in one hour

If this happens, it won't stop there. It will go to the new AYH. (>$14.5k) I got a feeling. 

So....... Mic’s going to the toilet, taking a Seat, checking latest Posts from WO on the phone

WoW reads 12567 in one hour, followed by a bullish mindrust talking about AYH’s etc

Mic instant checks the price....... 11.667 

Now the taking a sh*t went from euphoric to just usual business

[Hueristic]

Update, As promised.

08/08/19  Other Credit  ACH DEPOSIT
PAXOS TRUS 

It took just under 2 days.

I had to transfer btc and sell it for their stablecoin and then immediately withdraw their  stablecoin to my bank. Only cost was the Stablecoin exchange fee which was about a buck and a half for a 500 dollar transaction.

So in essence it looks like paxos is legit at least for small amounts.

The KYC was pretty unintrusive as in no personal questions just my info with a photo of me holding my ID that actually took a day as I had to redo the slfie with ID as they have to be able to read the ID in your hand.

All in all a painless process without the Personal Data Harvesting questions Kraken and Coinbase require.

[VB1001]

Binance Hackers Bombard Chipmixer to Launder at Least 4,836 BTC

As Clain noted in the study, it was pretty straightforward to trace the subsequent steps of the attackers as it is “practically impossible to launder big volume of coins in a relatively short period of time.” As such, the researchers managed to detect the initial pool of hacker’s addresses, while further extraction of those addresses allowed them to recognise subsequent alteration to ownership of stolen funds by using a neural network, the report says.

https://cointelegraph.com/news/binance-hackers-bombard-chipmixer-to-launder-at-least-4-836-btc

[HairyMaclairy]

Sixteenth Amendment ratification arguments have been rejected in every court case where they have been raised and have been identified as legally frivolous.[3]

Yes, they have been rejected. Without ever addressing the facts of the matter. At least in every case I have reviewed.

Whaddaya expect? Statists gonna state.

You live under a common law system.  Judges make the law by interpreting the constitution, legislation and previous cases.  If a judge says it, it’s law until overturned.   That’s just how it works. If you want to tip over that particular apple cart, you are going to have to go back to the Norman Conquest in 1066.

I think we are in violent agreement on this part. However...

If the courts were to respect the law -- especially common law -- they would be able to trace their decisions through the precedents to the point where any matter of law was considered and judged upon. The basis of the income tax is a matter that cannot be traced back to a source decision. Because there exists none.

United States v Thomas carefully trawls through the ratification argument. This is clearly a source decision that the 16th Amendment has been properly ratified.

Thomas is a tax protester, and one of his arguments is that he did not need to file tax returns because the sixteenth amendment is not part of the constitution. It was not properly ratified, Thomas insists, repeating the argument of W. Benson & M. Beckman, The Law That Never Was (1985). Benson and Beckman review the documents concerning the states' ratification of the sixteenth amendment and conclude that only four states ratified the sixteenth amendment; they insist that the official promulgation of that amendment by Secretary of State Knox in 1913 is therefore void.

Benson and Beckman did not discover anything; they rediscovered something that Secretary Knox considered in 1913. Thirty-eight states ratified the sixteenth amendment, and thirty-seven sent formal instruments of ratification to the Secretary of State. (Minnesota notified the Secretary orally, and additional states ratified later; we consider only those Secretary Knox considered.) Only four instruments repeat the language of the sixteenth amendment exactly as Congress approved it. The others contain errors of diction, capitalization, punctuation, and spelling. The text Congress transmitted to the states was: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration." Many of the instruments neglected to capitalize "States", and some capitalized other words instead. The instrument from Illinois had "remuneration" in place of "enumeration"; the instrument from Missouri substituted "levy" for "lay"; the instrument from Washington had "income" not "incomes"; others made similar blunders.

Thomas insists that because the states did not approve exactly the same text, the amendment did not go into effect. Secretary Knox considered this argument. The Solicitor of the Department of State drew up a list of the errors in the instruments and – taking into account both the triviality of the deviations and the treatment of earlier amendments that had experienced more substantial problems – advised the Secretary that he was authorized to declare the amendment adopted. The Secretary did so.

Although Thomas urges us to take the view of several state courts that only agreement on the literal text may make a legal document effective, the Supreme Court follows the "enrolled bill rule". If a legislative document is authenticated in regular form by the appropriate officials, the court treats that document as properly adopted. Field v. Clark, 143 U.S. 649, 36 L.Ed. 294, 12 S.Ct. 495 (1892). The principle is equally applicable to constitutional amendments. See Leser v. Garnett, 258 U.S. 130, 66 L.Ed. 505, 42 S.Ct. 217 (1922), which treats as conclusive the declaration of the Secretary of State that the nineteenth amendment had been adopted. In United States v. Foster, 789 F.2d. 457, 462–463, n.6 (7th Cir. 1986), we relied on Leser, as well as the inconsequential nature of the objections in the face of the 73-year acceptance of the effectiveness of the sixteenth amendment, to reject a claim similar to Thomas's. See also Coleman v. Miller, 307 U.S. 433, 83 L. Ed. 1385, 59 S. Ct. 972 (1939) (questions about ratification of amendments may be nonjusticiable). Secretary Knox declared that enough states had ratified the sixteenth amendment. The Secretary's decision is not transparently defective. We need not decide when, if ever, such a decision may be reviewed in order to know that Secretary Knox's decision is now beyond review.

— United States v. Thomas

https://en.wikipedia.org/wiki/Tax_protester_Sixteenth_Amendment_arguments

[Hueristic]

Things that make you go hmmmm..

https://twitter.com/RaoulGMI/status/1159076338126532610?s=19

I'm no chart expert but I don't see that as a cup and handle.

Can you chartists explain this to me like I have no clue (cause I got no clue ).

[HairyMaclairy]

Update, As promised.

08/08/19  Other Credit  ACH DEPOSIT
PAXOS TRUS 

It took just under 2 days.

I had to transfer btc and sell it for their stablecoin and then immediately withdraw their  stablecoin to my bank. Only cost was the Stablecoin exchange fee which was about a buck and a half for a 500 dollar transaction.

So in essence it looks like paxos is legit at least for small amounts.

The KYC was pretty unintrusive as in no personal questions just my info with a photo of me holding my ID that actually took a day as I had to redo the slfie with ID as they have to be able to read the ID in your hand.

All in all a painless process without the Personal Data Harvesting questions Kraken and Coinbase require.

How do you withdraw a stable coin to your bank?  Do you mean a wallet?

What makes you confident this isn’t fractional reserve banking ?

[Hueristic]

At the mere cost of counterparty risk.

Yup, I pointed that out last time he was mentioning it.

How do you withdraw a stable coin to your bank?  Do you mean a wallet?

What makes you confident this isn’t fractional reserve banking ?

Well apparently they are licensed and monitored by the New York Department of Financial Services which is brutal to get so that adds confidence and no-one can ever tell if something is fractional reserve without having their books open which I don't know of any portal that does, do you?

I am not shilling this only keeping you guys informed of my efforts since I as a US resident have run into these intrusive roadblocks to offramps to fiat and this is the first I've found that is quick, cost effective,non intrusive and apparently safe. What more can one ask for?

They don't even have a referral link so I make nothing mentioning them. I have just waded through tons of offramps that are all closed and wanted to share one that works for US residents.

AFA withdrawing the stablecoin I think it is just a token they use like every DEX out there for trading purposes and it is 1 to 1 on their literature and also that is what they stated when I called them. But also There is literature that stated they are partnered with Binance but I could find no way to get their stablecoin on binance so I just transferred in BTC.

Also their headquarters are in NY so I can sue them without trying to get them extradited which is kind of a huge thing.

[JSRAW]

https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm

"Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments"

Follow up article

FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto

Banks, not cryptos?

Notably, the Fed’s announcement starts with an emphasis on “the rapid evolution of technology,'' which enables the Federal Reserve and the payment industry “to modernize the nation's payment system and establish a safe and efficient foundation for the future.” However, neither the press release nor the enclosed FAQs make a single mention of Bitcoin, cryptocurrencies, Libra, blockchain or even digital currencies at large.

Indeed, it seems that FedNow wants to topple large banking institutions rather than cryptocurrencies. In fact, banking giants Citigroup, Bancorp and JPMorgan Chase have already started fighting the government’s new effort, as it seems to overlap with their own real-time payments system, the Clearing House, which the banks launched in 2017, following a cumulative $1 billion investment injection from those participating.

[Hueristic]

https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm

"Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments"

Follow up article

FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto

Banks, not cryptos?

Notably, the Fed’s announcement starts with an emphasis on “the rapid evolution of technology,'' which enables the Federal Reserve and the payment industry “to modernize the nation's payment system and establish a safe and efficient foundation for the future.” However, neither the press release nor the enclosed FAQs make a single mention of Bitcoin, cryptocurrencies, Libra, blockchain or even digital currencies at large.

Indeed, it seems that FedNow wants to topple large banking institutions rather than cryptocurrencies. In fact, banking giants Citigroup, Bancorp and JPMorgan Chase have already started fighting the government’s new effort, as it seems to overlap with their own real-time payments system, the Clearing House, which the banks launched in 2017, following a cumulative $1 billion investment injection from those participating.

IS this the signs of whales eating each other.

@HairyMaclairy, Ive added to the above reply to you.

[JSRAW]

IS this the signs of whales eating each other.

Time will tell. I don't mind these guys struggling with each other for at least 10-15 years. Meanwhile btc can spread the virus,  Good for us.

[El duderino_]

At which price Will we have page parity ??