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

[600watt]

Thanks to Bitcoin I have been investigating some retirement options.  Not yet, but for the next bull. 

Now my ad feed is full of hearing aid ads.  

Nice

considering what everyone was doing throughout the weekends since the 90ies (club, party, loud music) and also considering the endemic spread of headphones in the last decades i think investing in hearing aid companies is a fairly safe bet. they will not run out of demand in the future. hearing aid will as so common as mobile phones. hell, it wont be long until apple is building one i guess.

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[Last of the V8s]

China to launch digital currency “DCEP”

According to this video (to be confirmed), Chinese Central Bank will launch digital currency called DCEP. To be tested and onboarded with commercial banks first.

more incoming

goddammit get me the source mate or i will cut you. not in the mood for this.
https://twitter.com/blockjournal/status/1188797999901597697
https://twitter.com/ChinaFinance40/status/1188718092060364800
maybe soon
bleargh sorry thread

[600watt]

Just had a lovely walk and found these little buggers







Nice

Morning WO's, up another couple hundred from last night.

I'm curious how you intend to prepare these? There's only a few things I've been too afraid to try, Fly ammonita, pantera's, and tree datura are the ones which still torment my curiosity.
Please let us know how it goes.  

A. muscaria and A. pantherina are similar. Pantherina is allegedly stronger. Both contain basically the same actives. By decarboxylating the acid into muscimol, a manageable entheogen can be obtained. Decarboxylation can be carried out by drying in open air or in a low heat oven (think merengue). The intoxication is totally unlike psylocibin, more like a drunken trance often accompanied by nausea or other discomfort. Doable with some care. If you give the mushroom a few quick boils, always discarding the water, you are left with a harmless edible mushroom. I have no idea how tasty it is, but if we're talking food, I'd choose A. caesarea any day - and cook it very lightly (sauteed in butter). Or eat it raw, as in a salad ;-)

On the other hand, daturas are downright nasty. Tree datura - you mean brugmansia? - is one of the quirkiest and least predictable. I see little recreational value in nightshades and relatives. They really are best left alone.

right. i recommend magic mushrooms and lsd if you want to trip, pick a sunny day (preferably on a day where you do not have any job or social obligations next day) and a very good friend and bike or hike through nature. leave mobile at home. if you want to play safe have 5 mg diazepam as a parachute with you just in case the trip is turning bad.

datura is dangerous. i have seen consumers that went straight to hospital for severe mental problems that lasted several weeks.

[Last of the V8s]

[bkbirge]

Oh look, a self serving best of list from China...
https://cointelegraph.com/news/eos-holds-top-spot-bitcoin-11th-in-chinas-latest-crypto-rankings

China’s President Xi Jinping called for the accelerated national adoption of blockchain technology in an official speech.

President Xi’s intervention and positive signs from the People’s Bank of China have this week sparked a major uptick in the domestic blockchain sector — spurring the stock markets and fervent interest among the public.

[akhjob]

https://beincrypto.com/china-calling-blockchain-a-scam-is-now-banned/

Now they are banning articles calling blockchain a scam, I love this change except for the fact that they are going to have their own crypto

[600watt]

Oh look, a self serving best of list from China...
https://cointelegraph.com/news/eos-holds-top-spot-bitcoin-11th-in-chinas-latest-crypto-rankings

China’s President Xi Jinping called for the accelerated national adoption of blockchain technology in an official speech.

President Xi’s intervention and positive signs from the People’s Bank of China have this week sparked a major uptick in the domestic blockchain sector — spurring the stock markets and fervent interest among the public.

https://beincrypto.com/china-calling-blockchain-a-scam-is-now-banned/

Now they are banning articles calling blockchain a scam, I love this change except for the fact that they are going to have their own crypto

i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.

to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).

i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?

if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.

[makrospex]

https://beincrypto.com/china-calling-blockchain-a-scam-is-now-banned/

Now they are banning articles calling blockchain a scam, I love this change except for the fact that they are going to have their own crypto

Bitcoin already is a gateway to many other cryptocurrencies.
In the long run the statecoins (centralized) and BTC, maybe a few other coins that make sense will survive.
So why don't you like it?

I'd be more comfortable holding a BTC stash and "using" it partially for exchange into other CC i can actually use.
This doesn't mean BTC can't be used, but it would give me better control about exchange fees.

[Last of the V8s]

Just because they're defeating the USA doesn't mean they have to be very bright.

The 'blockchain not bitcoin' scam is not exactly an innovative way to accumulate bitcoin.

[makrospex]

Oh look, a self serving best of list from China...
https://cointelegraph.com/news/eos-holds-top-spot-bitcoin-11th-in-chinas-latest-crypto-rankings

China’s President Xi Jinping called for the accelerated national adoption of blockchain technology in an official speech.

President Xi’s intervention and positive signs from the People’s Bank of China have this week sparked a major uptick in the domestic blockchain sector — spurring the stock markets and fervent interest among the public.

https://beincrypto.com/china-calling-blockchain-a-scam-is-now-banned/

Now they are banning articles calling blockchain a scam, I love this change except for the fact that they are going to have their own crypto

i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.

to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).

i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?

if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.

Remember: Already 10 years, but still at the beginning (excluding early adopters).
Many instances are still evaluating, China seems to do this more or less public than other governments. What about Venezuela?
Blockchain applications are already in development or evaluation in companies (signed document management, archives...) and even "dataset clusters" like land charge registers are considered to be "blockchained". They're just late (or early, depending on the viewpoint).
The good old arpanet comparison is still valid, Blockchain term is widespread since 2017.

That all doesn't mean every blockchain application has to succeed.
Human development is like learning by failing. First we have to fail. It's like mandatory, system inherent.

[bitcoinPsycho]

Just had a lovely walk and found these little buggers







Nice

Morning WO's, up another couple hundred from last night.

I'm curious how you intend to prepare these? There's only a few things I've been too afraid to try, Fly ammonita, pantera's, and tree datura are the ones which still torment my curiosity.
Please let us know how it goes.  

A. muscaria and A. pantherina are similar. Pantherina is allegedly stronger. Both contain basically the same actives. By decarboxylating the acid into muscimol, a manageable entheogen can be obtained. Decarboxylation can be carried out by drying in open air or in a low heat oven (think merengue). The intoxication is totally unlike psylocibin, more like a drunken trance often accompanied by nausea or other discomfort. Doable with some care. If you give the mushroom a few quick boils, always discarding the water, you are left with a harmless edible mushroom. I have no idea how tasty it is, but if we're talking food, I'd choose A. caesarea any day - and cook it very lightly (sauteed in butter). Or eat it raw, as in a salad ;-)

On the other hand, daturas are downright nasty. Tree datura - you mean brugmansia? - is one of the quirkiest and least predictable. I see little recreational value in nightshades and relatives. They really are best left alone.

right. i recommend magic mushrooms and lsd if you want to trip, pick a sunny day (preferably on a day where you do not have any job or social obligations next day) and a very good friend and bike or hike through nature. leave mobile at home. if you want to play safe have 5 mg diazepam as a parachute with you just in case the trip is turning bad.

datura is dangerous. i have seen consumers that went straight to hospital for severe mental problems that lasted several weeks.

Good advise
I also recommend MDMA with a little 2cb  for a trip without the confusion  

[makrospex]

Good advise
I also recommend MDMA with a little 2cb  for a trip without the confusion  

Pure MDMA, so hard to get these days 
I miss the nineties in that regard.
Still one has to watch serotonine and dopamine drainage, i wouldn't do it too often.
Great sex, better than on blow, imo. Both a little too "athletic", however (but that's all about personal preference *lol*)

[JimboToronto]

Good morning Bitcoinland.

It's a couple of days of sideways in the $9xxx range now... currently $9360USD/$12230CAD (Bitcoinaverage).

Maybe the weekend for 5 digits?

Cat moon soon?

[JimboToronto]

Gut-bacteria is informing me we are likely to be testing $10k by Friday.

Gotta trust those lactobacteria. 

Hope you're not still considering selling any of your precious bitcoins based on price rather than on need.

[jojo69]

Oh man, that movie was like, so fcuk... discusting  

YOU SHUT YOUR GODDAMN MOUTH !

"Idiocracy" is the most important movie since "Blazing Saddles"

true, though I would caution that truly prescient satire has become a very dangerous art form to dabble in

[akhjob]

i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.

to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).

i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?

if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.

That's because if they abruptly approve of bitcoin, other idiotic nations will call China, the funding nation for criminals. I think it's good they have reversed their earlier stance and have recognised blockchain. Once everyone gets involved into blockchain, it's only a matter of time they recognise Bitcoin.

[Paashaas]

Bakkt will launch their consumer app and merchant portal in the first half 2020 with Starbucks testing.

1. Digital asset infrastructure: We’re working to reduce friction in the use of digital assets to reflect their aggregate value and to reflect an increase in purchasing power that was previously siloed. For merchants, this enterprise-grade infrastructure enables a new form of payment acceptance at a lower cost per transaction along with faster settlement times, driving efficiencies compared to existing workflows.

2. Marketplace access: We’ll be launching a consumer app to make it easy for consumers to discover and unlock the value of digital assets, as well as ways in which they can transact or track them. Merchants gain access to a broader set of customers with expanded spending power.

3. Maximizing control: We started with the concept of a consumer-driven platform that offers the ultimate control over their digital assets, including the flexibility on how to use them. For merchants, we’re focused on delivering more control over costs and innovative customer engagement, both freeing up capital and supporting a direct relationship with their customers.

4. Establishing trust: Bakkt’s approach to secure technology, privacy and innovation means that we are an advocate for consumers who have yet to enter the digital asset space, and for merchants who want to accept new, efficient forms of payments without increasing risks.

https://medium.com/bakkt-blog/unlocking-the-value-of-digital-assets-bdda43214720

[gentlemand]

the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).

The prime reason is of course to increase their control and oppression. They've now announced there will be a governmentcoin.

But the trust thing is something that doesn't cross the average Westerner's mind but does sound like a pretty desperate issue there. You'd think with all this unity under the calm guidance of Winnie the Pooh they'd stop being so fucking bent but clearly not.

However no one's been able to adequately explain to me how you enforce and maintain the link between something's tokenisation/blockchain entry and keeping it irrevocably tied to the physical product until it ends up in front of you or inside you.

[bkbirge]

i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.

to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).

i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?

if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.

That's because if they abruptly approve of bitcoin, other idiotic nations will call China, the funding nation for criminals. I think it's good they have reversed their earlier stance and have recognised blockchain. Once everyone gets involved into blockchain, it's only a matter of time they recognise Bitcoin.

I don't necessarily follow your assumptions there. China doesn't have to recognize BTC ever (though I think they eventually will). They can establish their own mandatory digital currency with a state centralized blockchain and any Chinese citizen who uses something else they'll charge with "provoking trouble".
https://www.nytimes.com/2019/10/24/world/asia/china-metoo-hong-kong-protests.html

The activist, Huang Xueqin, was detained last week in the southern city of Guangzhou, according to friends who asked not to be identified by name. The authorities accused Ms. Huang, 31, of “picking quarrels and provoking trouble,” a vague accusation that the government often uses to silence activists who challenge the status quo.

[jojo69]

TRUST is such a big issue for china, since there is this culture of cheating

Careful, I frequently get accused of racism when I point out their divergent cultural mores around truth telling.