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

[ðºÞæ]

https://cointelegraph.com/news/bitcoin-fixes-this-thousands-of-fake-gold-bars-dilute-market-supply

As Reuters reported on Aug. 28, the gold industry is currently facing a forgery crisis — with fake kilogram bars found in the vaults of major banks such as JPMorgan Chase.

https://www.reuters.com/article/us-gold-swiss-fakes-exclusive/exclusive-fake-branded-bars-slip-dirty-gold-into-world-markets-idUSKCN1VI0DD

The gold is real, and very high purity, with only the markings faked. Fake-branded bars are a relatively new way to flout global measures to block conflict minerals and prevent money-laundering.

https://cointelegraph.com/news/bitcoin-fixes-this-thousands-of-fake-gold-bars-dilute-market-supply

As Reuters reported on Aug. 28, the gold industry is currently facing a forgery crisis — with fake kilogram bars found in the vaults of major banks such as JPMorgan Chase.

Hope they are good at acting surprised

Note: The "fake" bars are real gold, however they have fake stamps for provenance.

So the gold people have the equal of monero. :-)

Woops, you beat me to it.

Bars or ingots may contain tungsten, the density of tungsten similar to gold.

Ingot tests containing tunsgten obtain a purity of 99.9xx% ...

The problem now is the cost of re-verifying the supply chain.

Here they talk a little about this: > https://twitter.com/nic__carter/status/1166716515082756096

LBMA http://www.lbma.org.uk/assets/market/gdl/GD_Rules_16_July_FINAL_20190722.pdf

A if any forgery then most likely "in house".
B we are not in dark ages anymore to relay on scales to check purity of gold. Anyone dealing with a kilo gold bar will check for imperfection in a scan.
On smaller lots get a magnet, tungsten is more magnetic, other than that a serious wack with a centre punch will sort it in no time. (want change the weight) A long long time i sold 95% of gold holding, selling the first piece almost ripped the heart out.

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[VB1001]

Bitcoin can't be faked, I'm fine with this.

[P_Shep]

Every once in awhile I like to look at old bitcoin purchases.....

In March 2014 I bought a Wii U for 1btc.

I'm looking at it now. See how stupid I was?

HODL

Recently sold a DSLR for £500, which was bought for ~£320,000.

Seemed like a good idea at the time.

[realr0ach]

Bitcoin can't be faked, I'm fine with this.

Of course Bitcoin can be faked.  PoW does nothing to solve rough consensus attack.  You can have forks where there's no real 'winner' fork and the so-called minority fork doesn't die which seems to have already happened a few times.  It was thought they would need to have different algos for that to occur so the fact it can happen with the same algo is hilarious and just shows you how wrong most assumptions about Bitcoin are. 

'Forking' is not supposed to be some type of pre-planned, conspiracy process decided upon years in advance by people sitting in offices in New York either.  It's supposed to be a much more on the fly, continuous voting process that can spontaneously happen at any second, so having chains that don't die with the same algo is kind of a problem.  Then you have the fact Bitcoin is required to do things like fork everything to be quantum secure, and all those options are completely arbitrary, so there is no 'real' and 'fake' bitcoin at all because who decides in a scheme not governed by longest chain?  They're basically all fake and arbitrary in that context.  Then there's the good old 51% attack, and...why bother.

[gembitz]

Bitcoin can't be faked, I'm fine with this.

if it's in coinbase(or any other third party app) it will be!!    ~n00bs will get rekt.

[jojo69]

Oh wow.  I stand corrected.

Have never heard of a loss carry back.  

Thank you - you taught me something today.

I withdraw my prior comments.

Your welcome my very gracious friend.  I learned more than I wanted about the insanely complex tax code as an entrepreneur.

as stated before, my primary objection to the whole goddamned thing

[mersal]

Bitcoin can't be faked, I'm fine with this.

But there are some fake coins with bitcoin name on it.

- Bitcoin gold
 
- Bitcoin cash

- Bitcoin Diamond

- Bitcoin SV

- Lightning Bitcoin

Still there are some people who can't differentiate bitcoin from these shitcoins.

[VB1001]

Exactly.

BTCitcoin there is only one.

[jbreher]

WOgame. Right now. Where am I?



If you don't get it post haste, I'll add pixels.

[realr0ach]

Still there are some people who can't differentiate bitcoin from these shitcoins.

Quantify the difference in the word "Bitcoin" and "Shitcoin".  There is none.  Everything about Bitcoin is arbitrary.  Everything about 'shitcoin' is arbitrary.  It was a bogus propaganda word invented by people like Luke Jr to try and hide the fact digital craptocurrencies have no valid Schelling point.  You can't create a new noble metal like gold or silver in your basement, but anyone can create a new, imaginary, digital scamtoken.  None of them act as a valid focal point since they're all just arbitrary, Rube Goldberg machines.  He'll probably flip over some strange Catholic bible passage someday making him realize he was worshipping false idols instead of using 'God's money' - physical metals.

[Toxic2040]

Oh wow.  I stand corrected.

Have never heard of a loss carry back.  

Thank you - you taught me something today.

I withdraw my prior comments.

Your welcome my very gracious friend.   I learned more than I wanted about the insanely complex tax code as an entrepreneur.

as stated before, my primary objection to the whole goddamned thing

------

WOgame. Right now. Where am I?



If you don't get it post haste, I'll add pixels.

Say hello to Andreas from the Wall.

[Krubster]

WOgame. Right now. Where am I?



If you don't get it post haste, I'll add pixels.

Toxic2040 beat me to it, but it indeed looks like the forehead of Andreas M. Antonopoulos. Is it #BTC2019 in Denver?

[realr0ach]

What if I told you Greeks are really turkroaches.  What if I told you Jews are a central/eastern Europe, Turkic-Khazarian people.  What if I told you Andreas Antonopolous looks nothing like Zeus at all.

[BitcoinGirl.Club]

Good evening WO!
Observing @ $10,230

[BitcoinGirl.Club]

Say hello to Andreas from the Wall.

Yap it's Andreas

[VB1001]

Customers Can Deposit Bitcoin to Bakkt’s Warehouse Starting Next Week

Bakkt will open its warehouse to customers’ bitcoin on Sept. 6 in anticipation of its impending futures contract offerings, the company announced Wednesday.

In a tweet, the Intercontinental Exchange-backed bitcoin futures provider said it would begin offering customers secure storage for bitcoin “to prepare for the launch” of its daily and monthly futures contracts on Sept. 23.

https://www.coindesk.com/customers-can-deposit-bitcoin-to-bakkts-warehouse-starting-next-week

[BitcoinGirl.Club]

Bitcoin can't be faked, I'm fine with this.

But there are some fake coins with bitcoin name on it.

- Bitcoin gold
 
- Bitcoin cash

- Bitcoin Diamond

- Bitcoin SV

- Lightning Bitcoin

Still there are some people who can't differentiate bitcoin from these shitcoins.

Among all of them Bitcoin cash is the most shitest one which is harming us the most.

[BitcoinGirl.Club]

I did a google image search and this is what I found 🤪

[fillippone]

Bitcoin can't be faked, I'm fine with this.

But there are some fake coins with bitcoin name on it.

- Bitcoin gold
 
- Bitcoin cash

- Bitcoin Diamond

- Bitcoin SV

- Lightning Bitcoin

Still there are some people who can't differentiate bitcoin from these shitcoins.

I also remember getting rid of:
Bitcoin Pizza
Bitcoin Gold
Bitcoin World
Bitcoin God (one of the most incredible sells, yet irrelevant)
Bitcoin Unlimited (openly  a scam and a privacy attack by government like agency led by Jeff Garkzy.

I still own Bitcoin Private because I am stupid.

[fillippone]

WOgame. Right now. Where am I?



If you don't get it post haste, I'll add pixels.

Listening to Andres Antonopoulos.