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

[P_Shep]

I just start watching mindhunter and F*** in episode two they are talking to “ed Kemper” ..... and damn it’s a copy of what r0ach always says about a lot of stuff

Great show.

[fillippone]

Palazzo Vecchio, Florence

WO gang!
Time for a more pixel game!


A very easy one!

Dear lord!
That was quick!
Maybe it was a too easy one!

Here it is:the WO sign and n the background Palazzo Vecchio in Florence



It’s also a Bitcoin related story.
(Bear with me with that, I am walking)

Florence shares with Genoa, both Italian cities, the first gold coins, widely accepted and used as MoE and Sov at the times.
You can read this good post in the Italian board here or on Wikipedia.



Florence prospered in the Renaissance because based its commercial power on hard money, while almost every other city was inflating their money printing with weaker and weaker gold content.
Hard money proved a good strategy for the centuries.
Bitcoin has been around since a little more of 10 years.
 

[LUCKMCFLY]

Bullish Bakkt..

ICYMI: Thursday's Bakkt Bitcoin Monthly Futures:

💸 Traded contracts: 345 (-49%)
📉 Day before: 676
🚀 All time high: 1183

*bleep blop* tip sats for server costs https://tippin.me/@BakktBot 🤖

Via Twitter: @BakktBot

And Bakkt pairs up with Starbucks:

“Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.”

Source: https://cointelegraph.com/news/bullish-bakkt-company-launches-new-products-as-futures-trading-surges

[realr0ach]

Because Bitcoin is the only monetary asset other than precious metals which has a decentralized Nash equilibrium due to unforgeable costliness.

Please stop the bogus, SJW-style, word salad, buzzword arguments.  "Unforgeable costliness" is a made up word that means absolutely nothing while also being based on false premises from Nick Szabo.  Nor is Nick Szabo a trustworthy person in the first place.  If you want to speak towards his supposed logic only while ignoring any potential character issues, "money" in NO WAY exists as his definition based on a premise of "unforgeable costliness".  

Money's value is derived from being based upon a physical commodity resource as per the classical Aristotle definition, NOT Nick Szabo's fake definition.  It's easy as hell to see the psychological scam Nick Szabo is using.  His tactic is to simply fabricate a loose definition that he can try to cram both the ideas of something like proof of work into and some vague characteristic of metals to claim they're linked, related, and their defining quality in order to try and push a cashless society slavery system.

Artistole = correct

Nick Szabo = rat shit

The phrase "unforgeable costliness" is really just a plagiarization of the word 'scarcity' while pretending to have invented a new word yourself.  But artificial scarcity has no value.  Scarcity has to be applied to an actual resource in order to have value.

And Anonymint = Wrong, and only attempting to pump digital shitcoins while lying about physical commodity money because in his own words said he made bad economic decisions and making a home run on digital shitcoins is the only way to keep his head above water at his current age.  You made an email stating this fact, so don't even deny it.  At the very least it would imply absurd bias, while at worst providing a reason to lie about any competitor of digital slavery system tokens.  But real money - physical metals - have just as much or more upside potential anyway.

[Ibian]

Data is physical. Go away bug.

[boumalo]

October 31st price poll : >$20,000   - 10 (7%)

Some of us are extremely optimistic. It is bullish for the price because it's a massive support for the price.

[Negotiation]

I still see 4 digits and seems like we are stuck in there forever LOL but few days ago the 5 digit was looking nice.

Yaah waiting when 5 digit  :'(80% losses my total BTCBTC balance i hope 5 digit soon.
holding up.

You must be really screwing things up if you have 80% losses at this point.

How long have you been in this Negotiation?   Since June?  Even then, fuck you really need a batman slap, no?

JayJuanGee brother, Do't angry to me  just everything  80% losses for my bad disesion we hope recovery holding by the BTCbitcoin=USDT brother try to recovery everything.

[Negotiation]

BREAKING: Argentina's Central Bank just restricted the purchasing of bitcoin with credit, debit and prepaid cards as of today.

This comes less than a week since the same bank restricted dollar purchases by citizens to just 200 USD per month.

Source: https://twitter.com/Rhythmtrader/status/1190259747209056256

[yefi]

And there is much more information if you start to investigate a little more.

I think a little investigation would raise a fishy smell with regards to these figures. Italy has a population of around 60 million, but here it is implied they make only around 30 million online transaction per year, or 0.5 per capita.

Total transaction volume for the UK, which has a similar population, is 40 billion per year (according to Finance UK). This includes offline as well as online, but is three orders of magnitude greater.

[Negotiation]

And there is much more information if you start to investigate a little more.

I think a little investigation would raise a fishy smell with regards to these figures. Italy has a population of around 60 million, but here it is implied they make only around 30 million online transaction per year, or 0.5 per capita.

Total transaction volume for the UK, which has a similar population, is 40 billion per year (according to Finance UK). This includes offline as well as online, but is three orders of magnitude greater.

@yefi brother really possible exactly transaction volume ? i have confusion for this a lot of place transaction everyday different category so how to knows exactly amount? 

[realr0ach]

Data is physical. Go away bug.

Data is not a physical commodity resource, so it's not possible to be money.  Being a physical commodity resource is the only thing that prevents a monetary system from imploding by simply falling out of favor.  Otherwise you'd have idiotic things happen like a Bitcoin v2 that's identical to Bitcoin v1 but with 75% of the transaction fees, slowly luring people away until the first collapses, then repeat with Bitcoin v3 to infinity.  It's a game of musical chairs. Everything based on artificial scarcity is nothing but a confidence game scam, and all confidence games implode.  If data was a real commodity resource, it would also not be able to exist in two places at once:



Before some turd claims Bitcoin PoW prevents copying of data, no, it does not.  PoW does absolutely nothing to solve rough consensus attack (not that it matters because imaginary timestamps aren't a commodity or resource anyway).  In other words, multiple forks can exist at the same time, so it's the same thing as a piracy 'copy'.

[Dabs]

I just heard this on the radio ...

You're not alone
Together we stand
I'll be by your side
You know I'll take your hand
When it gets cold
And it feels like the end
There's no place to go
You know I won't give in
No, I won't give in
Keep HODLing on
'Cause you know we'll make it through
We'll make it through
Just stay strong
'Cause you know I'm here for you
I'm here for you
There's nothing you could say
Nothing you could do
There's no other way when it comes to the truth
So keep HODLing on
'Cause you know we'll make it through
We'll make it through
So far away
I wish you were here
Before it's too late
This could all disappear
Before the doors close
And it comes to an end
With you by my side, I will fight and defend
I'll fight and defend
Yeah, yeah
Keep HODLing on
'Cause you know we'll make it through
We'll make it through
Just stay strong
'Cause you know I'm here for you
I'm here for you
There's nothing you could say
Nothing you could do
There's no other way when it comes to the truth
So keep HODLing on
'Cause you know we'll make it through
We'll make it through
Hear me when I say, when I say I believe
Nothing's gonna change
Nothing's gonna change destiny
Whatever's meant to be will work out perfectly
Yeah, yeah, yeah, yeah
La da da da
La da da da
La da da da da da da da da
Keep HODLing on
'Cause you know we'll make it through
We'll make it through
Just stay strong
'Cause you know I'm here for you
I'm here for you
There's nothing you could say
Nothing you could do
There's no other way when it comes to the truth
So keep HODLing on
'Cause you know we'll make it through
We'll make it through
Keep HODLing on
Keep HODLing on
There's nothing you could say
Nothing you could do
There's no other way when it comes to the truth
So keep HODLing on
'Cause you know we'll make it through
We'll make it through

and I see the bug keeps talking about imaginary timestamps ... oh well, we tried ... forks are on a different chain, not the same, and don't trade the same. I doubt you'll find anyone who will do 1 BTC = 1 BCH = 1 BSV when you're trading it.

[realr0ach]

forks are on a different chain, not the same, and don't trade the same. I doubt you'll find anyone who will do 1 BTC = 1 BCH = 1 BSV when you're trading it.

You have not prevented copying of the data.  By your own admission, you have three forks of the same chain, all copies.  The copying has already been completed.  Case closed.  All you're referring to now is claiming one confidence game scam is better than the other two, because that's the only selection criteria for which one someone picks, not longest chain, their simple opinion.  A faith or confidence based monetary system is complete garbage.  We already have fiat if you want confidence game scams.

[JayJuanGee]

I still see 4 digits and seems like we are stuck in there forever LOL but few days ago the 5 digit was looking nice.

Yaah waiting when 5 digit  :'(80% losses my total BTCBTC balance i hope 5 digit soon.
holding up.

You must be really screwing things up if you have 80% losses at this point.

How long have you been in this Negotiation?   Since June?  Even then, fuck you really need a batman slap, no?

JayJuanGee brother, Do't angry to me  just everything  80% losses for my bad disesion we hope recovery holding by the BTCbitcoin=USDT brother try to recovery everything.

Yep... Well, you are exercising some pretty poor techniques, so maybe you need to go to gamblers anonymous and get some treatment?

Because you should NOT be even capable of losing that much at today's BTC price, especially if you are only stacking sats.

[yefi]

@yefi brother really possible exactly transaction volume ? i have confusion for this a lot of place transaction everyday different category so how to knows exactly amount?  

Probably not. Finance UK, for example, is a trade association and the member banks provide the raw data on transaction categories and volume. Relying on banks to be honest isn't a great starting point for statistical analysis. The data will also be incomplete, as there'll be transactions that occur outside of the system.

[pereira4]

forks are on a different chain, not the same, and don't trade the same. I doubt you'll find anyone who will do 1 BTC = 1 BCH = 1 BSV when you're trading it.

You have not prevented copying of the data.  By your own admission, you have three forks of the same chain, all copies.  The copying has already been completed.  Case closed.  All you're referring to now is claiming one confidence game scam is better than the other two, because that's the only selection criteria for which one someone picks, not longest chain, their simple opinion.  A faith or confidence based monetary system is complete garbage.  We already have fiat if you want confidence game scams.

If they were actual copies (clones), they would trade at 1:1:1. What we have is counterfeit Bitcoin, chinese Bitcoin if you will, vs real Bitcoin.
Just because something it's physical in the classical, tangible sense, it doesn't mean there aren't copies, and there aren't markets for them.

https://www.youtube.com/watch?v=NUyCO3FXHS4

[jojo69]

^  dude, I just can't not read your handle as pirateat40

[Icygreen]

Curious if anyone follows Gregory Mannarino? https://www.youtube.com/channel/UCoOhzyG-i7IMBEMbyRlI66g
He's shares an interesting narrative on the market that's worth listening to IMO.

[Icygreen]

The US National debt just reached 23 trillion today.  https://usdebtclock.org/

[Ibian]

Data is physical. Go away bug.

Data is not a physical commodity resource,

You are wrong. Bitcoin is a very specific type of data, which is hard to come by. Possessing it is worth money. And it is stored in a physical way. Shoo.