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

[Searing]

The only sport where I can sit through the whole damn thing.

It is a bit weird that Americans decided to adopt the word "football" for their sport. The foot connecting with the ball is a rarer part of the action.

Yeah I'm just about over that. In Rugby Football, which is a similar sport, it's often the way the players use their feet that marks them out as good players: the jinking run, the sidestep, the shimmy, the line and of course speed of attack; are all football, without kicking the thing.

There was a lot more 'punting' and 'field goal' kicking and running plays. Most passes were 'laterals' (sideways/behind small airborne handoffs).

The 'invention' of the true 'forward pass' is what really doomed the name football in football.


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

[1715681299]

1715681299

[1715681299]

1715681299

[HairyMaclairy]

If jbreher uses his intelligence to deceive people

Not at all. At least never intentionally.

or to to get caught in stupid-ass technical arguments

I guess it takes a self-described technical ignoramus to openly refer to technical arguments as 'stupid-ass'.

you have a significantly large amount of misleading and misinformation in your posts

You are wrong. There is no such thing as factual information that is misleading or misinforming. I present facts, and leave the editorializing to a minimum. Any mis- is in your misattribution of ulterior motive to my actions, which causes you to invent things in my writings that are not there.

I guess the courts must have it wrong when they ask witnesses to tell the whole truth.  

Do you solemnly (swear/affirm) that you will tell the truth, the whole truth, and nothing but the truth, (so help you God/under pains and penalties of perjury)?

That’s your problem. You tell the selective, partial truth all the time, mixed with your opinion and supposition.  It is deliberately misleading.  You hide behind technical arguments which rely on narrow, outdated definitions.  

And then you get angry when you are called out. 

[El duderino_]

Bitcoin over takes PayPal in annual transaction volume at $1.3 Trillion. It is spreading.

via Imgflip Meme Generator

https://twitter.com/miiyuwa/status/1170888288221184000?s=21

[El duderino_]

via Imgflip Meme Generator

[_javi_]

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Sell Price    BTC balance    BTCSell Amt  Pfolio$Value soldValue   soldTotal $47,478.00   7.00000000      0.00000000   $332,346.00   $0.00           $0.00 $47,478.00   7.00000000      1.40000000   $332,346.00   $66,469.20   $66,469.20 $56,973.60   5.60000000      1.12000000   $319,052.16   $63,810.43   $130,279.63 $68,368.32   4.48000000      0.89600000   $306,290.07   $61,258.01   $191,537.65 $82,041.98   3.58400000      0.71680000   $294,038.47   $58,807.69   $250,345.34 $98,450.38   2.86720000      0.57344000   $282,276.93   $56,455.39   $306,800.73 $118,140.46   2.29376000      0.45875200   $270,985.85   $54,197.17   $360,997.90 $141,768.55   1.83500800      0.36700160   $260,146.42   $52,029.28   $413,027.18 $170,122.26   1.46800640      0.29360128   $249,740.56   $49,948.11   $462,975.29 $204,146.71   1.17440512      0.23488102   $239,750.94   $47,950.19   $510,925.48 $244,976.05   0.93952410      0.18790482   $230,160.90   $46,032.18   $556,957.66 $293,971.26   0.75161928      0.15032386   $220,954.47   $44,190.89   $601,148.56 $352,765.51   0.60129542      0.12025908   $212,116.29   $42,423.26   $643,571.81 $423,318.62   0.48103634      0.09620727   $203,631.64   $40,726.33   $684,298.14 $507,982.34   0.38482907      0.07696581   $195,486.37   $39,097.27   $723,395.42 $609,578.81   0.30786326      0.06157265   $187,666.92   $37,533.38   $760,928.80

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...this space for rent...
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nah mate, you are doing it wrong... A real HODLER sells 7 BTC at $609,578.81 for a nice stack of $ 4,267,051.6 (fresh printed bills) and starts livin´ la vida loca.

Just kidding.. thats a very smart cash out program, and i should do that the next bullrun.
I´m living on ramen and noodles for being a HODLER since 2017...

[El duderino_]

Bitcoin:
- Transferred $7 trillion in value
- Settled $2 trillion of TXs
- Reached $100 billion in average cost
- Rewarded miners $14 billion
- Hit $180 billion market value
- Produces 80 exahashes per sec

Why 𝐨𝐜𝐜𝐮𝐩𝐲 Wall Street when you can 𝐫𝐞𝐩𝐥𝐚𝐜𝐞 it instead?

https://twitter.com/Rhythmtrader/status/1171026824182321152?s=20

[DaRude]

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol. You know, before the Cripple Rangers took control of the codebase. SegWit, on the other hand...

Funny, eh?

So what's the point you are trying to make?

My mistake.  I couldn't see any evidence of them in the white paper.  Thank you for clarifying that it doesn't matter whether something is mentioned in the whitepaper.

That is not what I said at all. Are you really that blind that you do not see what I am getting at? Even with your introduction of demonstrably flawed sidebars?

The initial implementation of Bitcoin - 0.1 supports all the features you list. Without recourse to explicit enabling code.
The initial implementation of Bitcoin -- and including up to and through the SegWit Omnibus Changeset Release -- did not support SegWit. Neither explicitly nor as an external implementation. Indeed, the implementation of SegWit was predicated on the most egregious change to the Bitcoin protocol ever enacted.
The features you list did not / do not require a change to the Bitcoin protocol.
SegWit did / does require a change to the Bitcoin protocol.

So when you say "it doesn't matter whether something is mentioned in the whitepaper", you're neither right nor wrong. What matters is the protocol itself. SegWit was undeniably a change to that protocol. A rather significant one. Therefore, somewhat 'less Bitcoin-y' -- at least on this axis -- than other implementations which hew to the original.

On the other hand, if some element is decidedly counter to the white paper (chain of digital signatures, anyone?), then that indeed does matter.

It’s hard to keep track of what you were saying when you keep changing it. 

Bullshit. I've been consistent. You've been persistent in finding new words to stick in my mouth.

wtf these new planes have jet engines, and cars have airbags?!?! But but none of this was in the original design!!!

OMG - but still TCP/IP ,  smtp, SWIFT, FIX  have not built in smart contracts - or did I miss u mix apples and crap?

Congrats you managed to fail on all levels, this is truly an accomplishment you should be proud of yourself

TCP/IP - https://en.wikipedia.org/wiki/IPv6
smtp - https://en.wikipedia.org/wiki/Extended_SMTP
SWIFT - https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication#SWIFTNet_Phase_2
FIX - https://en.wikipedia.org/wiki/FAST_protocol

[Wilhelm]

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol. You know, before the Cripple Rangers took control of the codebase. SegWit, on the other hand...

Funny, eh?

So what's the point you are trying to make?

My mistake.  I couldn't see any evidence of them in the white paper.  Thank you for clarifying that it doesn't matter whether something is mentioned in the whitepaper.

That is not what I said at all. Are you really that blind that you do not see what I am getting at? Even with your introduction of demonstrably flawed sidebars?

The initial implementation of Bitcoin - 0.1 supports all the features you list. Without recourse to explicit enabling code.
The initial implementation of Bitcoin -- and including up to and through the SegWit Omnibus Changeset Release -- did not support SegWit. Neither explicitly nor as an external implementation. Indeed, the implementation of SegWit was predicated on the most egregious change to the Bitcoin protocol ever enacted.
The features you list did not / do not require a change to the Bitcoin protocol.
SegWit did / does require a change to the Bitcoin protocol.

So when you say "it doesn't matter whether something is mentioned in the whitepaper", you're neither right nor wrong. What matters is the protocol itself. SegWit was undeniably a change to that protocol. A rather significant one. Therefore, somewhat 'less Bitcoin-y' -- at least on this axis -- than other implementations which hew to the original.

On the other hand, if some element is decidedly counter to the white paper (chain of digital signatures, anyone?), then that indeed does matter.

It’s hard to keep track of what you were saying when you keep changing it. 

Bullshit. I've been consistent. You've been persistent in finding new words to stick in my mouth.

wtf these new planes have jet engines, and cars have airbags?!?! But but none of this was in the original design!!!

OMG - but still TCP/IP ,  smtp, SWIFT, FIX  have not built in smart contracts - or did I miss u mix apples and crap?

Congrats you managed to fail on all levels, this is truly an accomplishment you should be proud of yourself

TCP/IP - https://en.wikipedia.org/wiki/IPv6
smtp - https://en.wikipedia.org/wiki/Extended_SMTP
SWIFT - https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication#SWIFTNet_Phase_2
FIX - https://en.wikipedia.org/wiki/FAST_protocol

WTF is this .... 

[DaRude]

Hey jbreher how would you spin EDA and bcash and BSv's current difficulty adjustment algos? what version did that come in?

[Dabs]

Actually, with a portfolio value at the start of just $332,346, he shouldn't be cashing out $66,469 in the first year, sequence of returns risk and all that. But then we don't know the situation of the hodler and might actually need the fiat.

[Globb0]

I used a oiga board it confirmed you are all gay.

But upside 10550 tomorrow

[El duderino_]

#HODLsleep!

[realr0ach]

Wow BTC hasrate is skyrocketing!

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

These posts are so misleading and dumb.  The hashrate can double just from Bitmain throwing away all their old ASICs and plugging in the exact same number of 7nm machines.  So *real* Bitcoin mining can even be decreasing while hash rate goes up LOL.  But what else can you expect from the peanut gallery of JayJuanGee level noob posters consisting of:  Micgoossens, VB1001, fillippone, & JayJuanGee.  All you're really witnessing is sunk cost fallacy trying to be portrayed as somehow positive.  It's the equivalent of claiming your car broke down and having to buy a new one is somehow 'bullish' for your bank account.

[HairyMaclairy]

Actually, with a portfolio value at the start of just $332,346, he shouldn't be cashing out $66,469 in the first year, sequence of returns risk and all that. But then we don't know the situation of the hodler and might actually need the fiat.

What sort of approach would you suggest for someone who doesn’t need the money?

[realr0ach]

What sort of approach would you suggest for someone who doesn’t need the money?

If you don't need to generate new money, then obviously your goal is to safeguard what you already have by exiting the speculative casino to the base of Exter's Pyramid - physical metals.  Which, ironically, will likely be a large money maker in itself due to all the fake assets in the casino imploding and transferring their artificial, phantom purchasing power back to where it belongs.  

In the future, the only thing that will serve as collateral for anything will be physical gold and silver, land, houses, your car title, a business, and a handful of other real world objects.  For anyone that claims an imaginary, valueless timestamp that doesn't even exist called Bitcoin will ever serve as a valid form of collateral for anything, I have a bridge to Mars to sell you.

[OROBTC]

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Sell Price    BTC balance    BTCSell Amt  Pfolio$Value soldValue   soldTotal $47,478.00   7.00000000      0.00000000   $332,346.00   $0.00           $0.00 $47,478.00   7.00000000      1.40000000   $332,346.00   $66,469.20   $66,469.20 $56,973.60   5.60000000      1.12000000   $319,052.16   $63,810.43   $130,279.63 $68,368.32   4.48000000      0.89600000   $306,290.07   $61,258.01   $191,537.65 $82,041.98   3.58400000      0.71680000   $294,038.47   $58,807.69   $250,345.34 $98,450.38   2.86720000      0.57344000   $282,276.93   $56,455.39   $306,800.73 $118,140.46   2.29376000      0.45875200   $270,985.85   $54,197.17   $360,997.90 $141,768.55   1.83500800      0.36700160   $260,146.42   $52,029.28   $413,027.18 $170,122.26   1.46800640      0.29360128   $249,740.56   $49,948.11   $462,975.29 $204,146.71   1.17440512      0.23488102   $239,750.94   $47,950.19   $510,925.48 $244,976.05   0.93952410      0.18790482   $230,160.90   $46,032.18   $556,957.66 $293,971.26   0.75161928      0.15032386   $220,954.47   $44,190.89   $601,148.56 $352,765.51   0.60129542      0.12025908   $212,116.29   $42,423.26   $643,571.81 $423,318.62   0.48103634      0.09620727   $203,631.64   $40,726.33   $684,298.14 $507,982.34   0.38482907      0.07696581   $195,486.37   $39,097.27   $723,395.42 $609,578.81   0.30786326      0.06157265   $187,666.92   $37,533.38   $760,928.80

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nah mate, you are doing it wrong... A real HODLER sells 7 BTC at $609,578.81 for a nice stack of $ 4,267,051.6 (fresh printed bills) and starts livin´ la vida loca.

Just kidding.. thats a very smart cash out program, and i should do that the next bullrun.
I´m living on ramen and noodles for being a HODLER since 2017...

The above would be similar to what I have in mind as a BTC speculator.  Note term "speculator", that is what JJG and _javi_ are advocating.  And there's nothing wrong with that, I too am speculating with BTC.  Again, the above is similar to my own plans.

But, do note that all three of us are planning to SELL BTC.  And, presumably, BUY something else.  And what to buy...?  I know what I want.......

But, of course, owning BTC also has a tremendous advantage that we all know about but rarely discuss: mobility.  So, however high BTC rises, I will keep some around for the freedom of movement it would support.

[Edited for clarity]

[gembitz]

What sort of approach would you suggest for someone who doesn’t need the money?

If you don't need to generate new money, then obviously your goal is to safeguard what you already have by exiting the speculative casino to the base of Exter's Pyramid - physical metals.  Which, ironically, will likely be a large money maker in itself due to all the fake assets in the casino imploding and transferring their artificial, phantom purchasing power back to where it belongs.  

In the future, the only thing that will serve as collateral for anything will be physical gold and silver, land, houses, your car title, a business, and a handful of other real world objects.  For anyone that claims an imaginary, valueless timestamp that doesn't even exist called Bitcoin will ever serve as a valid form of collateral for anything, I have a bridge to Mars to sell you.

roach powder will be in high demand in the end times?    hodl!

[Negotiation]

Hey jbreher how would you spin EDA and bcash and BSv's current difficulty adjustment algos? what version did that come in?

people are may be ignored talking about Bcash.

SCAM: Bitcoin SV (BSV) - fake team member and plagiarized white paper
https://bitcointalk.org/index.php?topic=5149062.0

[Negotiation]

Bitcoin rockets to $2250 premium in Argentina after President Macri imposes capital controls  #bitcoin


source: https://twitter.com/tokentalkco/status/1171107136148869127

[realr0ach]

One thing I find funny about the left wing extremists in this thread such as Harry McLarry, they don't talk about any legitimate issues concerning monetary policy and regulation.  For instance, one of the most egregious problems I can think of (outside of typical Jewish usury scams, central banking, and fiat currencies) is the fact Blackstone private equity group owns 100,000 houses in America with the sole intent of attempting to operate as slumlords and fleece the population.

If the only reason people consent to having any type of government at all is because it would serve the general good of the population instead of everyone murdering each other in the streets, there's absolutely no chance in hell the general population would consent to institutionalize the existence of planetary scale slumlord operations and have their operations supported by the legal system and police.  If Blackstone can own 100,000 houses, why not a million? Why not all of them?  Then everyone in the country is required to pay rent to Blackstone just to exist.  Even at the 100k number, it probably largely contributes to driving up housing prices to irrational levels.

If the price of housing starts to collapse turning their 'investment' into a grenade, they probably have enough money and influence to just buy off the politicians and CB's themselves and get them to do QE or bailouts to prevent it from happening.  For anyone that claims people portraying economic doomsday scenarios are irrationally bearish, it's situations like this that make complete collapse inevitable and the only way possible to remove all the graft, corruption, and rentier parasites.