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

[Wilhelm]

[Hueristic]

(As a little OT, I'd like to discuss, you know, like, the price.)
(zzzzz)
(Sorry for the OT, guys, but this magical Internet money is a fascinating thing, you know?)

You in here, talking about bitcoin price in the WO thread??

My point exactly  

All the long range log charts have Oct-Nov as the capitulation phase of the 2017 bubble. Some predicting as low as $1800.

New bull market to start in January 2020 off the lows.

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today...

Figures don't lie but liars figure.

Meanwhile, someone reached a special merit level. Maybe theymos could code some trick for merit too?

It's a double edged sword.

I was going to merit him the other day until I noticed that, i'll not be the one to ruin someones L33t.
Rectified. 

[makrospex]

New Cold Wallet Custody Solution Strives to Eliminate Cryptocurrency Hacks

On September 18, 2019, the firm announced completion of what it is calling the world’s first and only secured cold wallet with hot wallet functionalities, which eliminates the need for an internet connection in order to send transactions on a blockchain.

https://bitcoinmagazine.com/articles/new-cold-wallet-custody-solution-strives-to-eliminate-cryptocurrency-hacks

https://www.gk8.io/

This would be a good solution for a wallet at the user level.

As far as i can see it seems to be just an encrypted storage for keys. Blockchain integration and transaction handling still as usual, just isolated from the key storage.
Like a paper wallet, digitalized and scrambled.
Sure, it's an innovation as a device as such, but meh.

[jbreher]

Where's WO-Bro? game. Just for merits this time. Picture taken this morning.

Y'all solved from the merest of snippets in less than a handful of guesses last time. Let's see how this one goes.

[jbreher]

Ready for some weird stuff. Bitcoin Sci-Fi
Someone else posted this on F2Pool

Hyperbitcoinization on Earth BTC

What does a hyperbitcoinized future Earth settling nearby planets look like?

https://www.unchained-capital.com/blog/law-of-hash-horizons/

If someone else has posted this already ...my bad

I pointed out years ago that at ten minute intervals, interplanetary mining is a non-starter.

[HairyMaclairy]

10 x unrealised profits since 2014.

You're only making my point for me. "Getting in in 2014" isn't currently an investing option.

Getting in on 2019 is an option for everyone. But only for another 3.5 months.

[gentlemand]

10 x unrealised profits since 2014.

You're only making my point for me. "Getting in in 2014" isn't currently an investing option.

Getting in on 2019 is an option for everyone. But only for another 3.5 months.

It's one week into 2012 in Ethiopia. I'm surprised we don't have more of them here taunting us.

[jbreher]

Sorry to hear London scammed you, mike; hope you have a good time despite it  
meanwhile some security stuff https://blog.keys.casa/announcing-the-casa-wealth-security-protocol/
a lot to go through, but notably lacks firs

Haven't read it yet, but I did listen to Lopp and Welch on Livera's podcast this morning. Casa Security Protocol was the topic of discussion.

[Last of the V8s]

^oh ho! any impressions? link with transcript for eddie https://stephanlivera.com/episode/107/

Where's WO-Bro? game. Just for merits this time. Picture taken this morning.

Y'all solved from the merest of snippets in less than a handful of guesses last time. Let's see how this one goes.

on the bsv blockchain?

[Last of the V8s]

think we can safely say micgoossen's peepee has been preserved on camera for the amusement of the British plod (slang for police)

[jbreher]

I am involved with Vsys for a few weeks now. Almost 2 months to be exact. What do you think about its movements?

...

Never heard of it, we don't talk about shit coins in this thread unless we are dumping on ETH,BSV or BCH.

If you are dumping on BCH please ping me. I want that shit dumped to oblivion. I have a similar hatred for BSV but not as profound as in the case of BCH.

Awwww. So sad for you.

( )

[jbreher]

Bitcoin price prediction: BTC/USD must clear one prominent barrier before breakout – Confluence Detector

One of the three Bitcoin ETF proposal under the SEC’s review has been withdrawn prior to the final ruling.
Bitcoin price needs to rise above the hurdles at $10,253 and $10360 to be able to focus on higher levels towards $11,000.


Source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-prediction-btc-usd-must-clear-one-prominent-barrier-before-breakout-confluence-detector-201909180758

Thou shallest not count to the number two, unless thou proceedeth directly to three.

[jbreher]

Interesting to read a debunking of the 'in jail for fireworks' line:

I somehow don't believe his story of going to jail for 10 months for selling firecrackers on ebay.  I think there is something to the story he is leaving out.

Here's a transcript of the sentencing hearing, detailing exactly why he was sentenced to 10 months in jail, including the parts of the story he may have left out. Spoiler alert: pipe bombs aren't firecrackers.

I'm not so sure. I'm not going spelunking through the entire trial transcript. But from the sentencing, it appears that the term 'pipe bomb' appears only once. To wit:

"I think one factor that the Court can take into consideration or at least should consider is there were some pipe bombs involved in this case as well that were not charged and are not incorporated in the conduct that's before the Court..."
(emphasis added)

To me, this looks as if the matter of any pipe bombs were never even discussed in trial -- no evidence entered, no testimony revealing, etc -- and that the prosecution was allowed to get a sideswipe freebie in unchallenged.

Of course, 'pipe bomb' is a pretty specific term of art. I'd be curious to know what the legal definition of such was -- if indeed any evidence referring to such was ever entered into trial. But it apparently was not.

Until someone points me at anything within the trial transcript itself indicating evidence of dealing in pipe bombs, I'm inclined to accept Roger at his word.

As a sidebar, I find it kind of funny how this here crypto community is absorbed by long-past actions of various parties that have absolutely nothing to do with any crypto topic whatsoever.

You missed the bit where the judge says selling bombs to juveniles is a very serious offence.  

I think that these offenses are very serious. They could have been a lot more serious. The bombs could have gone off or people could have used them in destructive ways. Selling bombs to juveniles is never okay.

While it is true that the judge does not use the word ‘pipe bomb’ in these sentences and only uses the word ‘bomb’, the intent is clear.

I would be unsurprised to learn that from a legal perspective, 'unlicensed firecracker' is precisely synonymous with 'bomb'.

This is a typical example of you providing a partial truth in a deliberately misleading manner.

Bullshit, my nuance-challenged counterpointer.

[Dabs]

Ready for some weird stuff. Bitcoin Sci-Fi
Someone else posted this on F2Pool

Hyperbitcoinization on Earth BTC

What does a hyperbitcoinized future Earth settling nearby planets look like?

https://www.unchained-capital.com/blog/law-of-hash-horizons/

If someone else has posted this already ...my bad

I pointed out years ago that at ten minute intervals, interplanetary mining is a non-starter.

Wouldn't be a problem within our lifetimes. Like that article implies, there will be a Mars Coin, maybe a Jupiter Coin, and a SolarSystemCoin. If we manage to invent faster than light communication, then 10 minute blocks would be fine and everyone would still be using bitcoin in this galaxy.

No one would want to accept Imperial Credits.

This is a typical example of you providing a partial truth in a deliberately misleading manner.

Bullshit, my nuance-challenged counterpointer.

I have noticed, you have been consistently misleading as well. Maybe it is not intentional, but somehow your bias bleeds out into your posts and writings. Check yourself. Some posts, you even say "I didn't bother to read the whole thing, but I'll accept him at his word." when you know full well that other guy has gone on to take a different road from the rest of us.

[El duderino_]

Where's WO-Bro? game. Just for merits this time. Picture taken this morning.

Y'all solved from the merest of snippets in less than a handful of guesses last time. Let's see how this one goes.

No idea bruuuh it ain’t in London

[jbreher]

It only took a little wait for Hairy to nail you on that one.

I've seen you play the omission game in several technical discussions already... but defending Ver? Come on.

Nail? Hardly.

I'm not defending Ver. I'm defending truth.

[Dabs]

It does seem you are still invested in BTC, but you also talk about BCH and BSV as if they might become something. Maybe they will, or maybe you like some properties of those altcoins that maybe you'd prefer the Bitcoin Core devs would put into BTC, the wallet, or you don't like Segwit or any of a number of improvements that have been made to the original client.

That was 2 years ago, can't change it now.

[podyx]

[jbreher]

Ready for some weird stuff. Bitcoin Sci-Fi
Someone else posted this on F2Pool

Hyperbitcoinization on Earth BTC

What does a hyperbitcoinized future Earth settling nearby planets look like?

https://www.unchained-capital.com/blog/law-of-hash-horizons/

If someone else has posted this already ...my bad

I pointed out years ago that at ten minute intervals, interplanetary mining is a non-starter.

Wouldn't be a problem within our lifetimes. Like that article implies, there will be a Mars Coin, maybe a Jupiter Coin, and a SolarSystemCoin. If we manage to invent faster than light communication, then 10 minute blocks would be fine and everyone would still be using bitcoin in this galaxy.

Not if we are to have one chain to rule them all.

This is a typical example of you providing a partial truth in a deliberately misleading manner.

Bullshit, my nuance-challenged counterpointer.

I have noticed, you have been consistently misleading as well. Maybe it is not intentional, but somehow your bias bleeds out into your posts and writings. Check yourself. Some posts, you even say "I didn't bother to read the whole thing, but I'll accept him at his word." when you know full well that other guy has gone on to take a different road from the rest of us.

"Toe the clearly delineated, already approved line" said nobody of any significance ever.

[jbreher]

It does seem you are still invested in BTC, but you also talk about BCH and BSV as if they might become something. Maybe they will, or maybe you like some properties of those altcoins that maybe you'd prefer the Bitcoin Core devs would put into BTC, the wallet, or you don't like Segwit or any of a number of improvements that have been made to the original client.

That was 2 years ago, can't change it now.

My thesis says the next Blockalypse invalidates your thesis.