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

[Biodom]

Seems like
@Bakkt
 is on pace to break $20m in daily volume soon as they consistently notch above $10m now.

H/t:
@BakktBot



https://twitter.com/trajanmex/status/1193942948867522560?s=20

It's not too hard to figure out. BAKKT customers need not be Bitcoiners. Look at the last day. You could sell a future contract for 9500 or so, by the chart. Well, you could buy BTC at that day's price (as low as 8775), and sell a contract, your assets and liabilities balance, you pocket money. A fair amount. With the only downside being the counterparty risk of the parent company of the mudderfukkin' New York Stock Exchange.

It's a pretty simple calculus. The only miracle is that the volume isn't higher.

You can shave some, but much less than you imply.
The cost of
nov19 8810
dec19 8902.5
jan20 8962

(8962-8810)/8810 is about 1.7% in 2 months or 10% yearly.
https://www.theice.com

[1713530109]

1713530109

[1713530109]

1713530109

[1713530109]

1713530109

[1713530109]

1713530109

[1713530109]

1713530109

[Lambie Slayer]

https://www.cnbc.com/2019/11/12/trump-rails-on-fed-says-market-and-economy-would-be-doing-even-better-without-powell-mistakes.html

“We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,” he said. “Who ever heard of such a thing?”

“Give me some of that,” he said. “Give me some of that money. I want some of that money.”

Money Printer in Chief is at it again.  

[realr0ach]

at least not enough to deter partial reserve bitcoin. Tether, anyone?

Tell me more about this Tether scam.

[Last of the V8s]

https://collapseos.org/

Bootstrap post-collapse technology

Winter is coming and Collapse OS aims to soften the blow. It is a z80 kernel and a collection of programs, tools and documentation that allows you to assemble an OS that can:

    Run on minimal and improvised machines.
    Interface through improvised means (serial, keyboard, display).
    Edit text files.
    Compile assembler source files for a wide range of MCUs and CPUs.
    Read and write from a wide range of storage devices.
    Replicate itself.

[realr0ach]

https://collapseos.org/

There's zillions of A6-A10 chips floating around, so rather than everyone running a command line terminal on a sega master system, since energy consumption and performance per watt would be one of the most important factors in a post-collapse environment, you'd probably be more likely to have linux running on A10 chips via bootrom exploit somehow becoming the new 'gold standard'....or just use one of the million laptops also laying around.

[Last of the V8s]

https://hackernoon.com/why-everyone-missed-the-most-mind-blowing-feature-of-cryptocurrency-860c3f25f1fb
Butthurt latecomer shills his frankly atrocious altcoin

[Syke]

https://collapseos.org/

Bootstrap post-collapse technology

Winter is coming and Collapse OS aims to soften the blow. It is a z80 kernel and a collection of programs, tools and documentation that allows you to assemble an OS that can:

    Run on minimal and improvised machines.
    Interface through improvised means (serial, keyboard, display).
    Edit text files.
    Compile assembler source files for a wide range of MCUs and CPUs.
    Read and write from a wide range of storage devices.
    Replicate itself.

Pointless. There's no way all computers are going to be destroyed, but millions of z80 cpus will be fine and salvageable. That's just a crazy scenario. Now, designing a new post-apocalypse cpu that could be created from low-tech sources and an os to go with it, that's a good idea.

[realr0ach]

https://hackernoon.com/why-everyone-missed-the-most-mind-blowing-feature-of-cryptocurrency-860c3f25f1fb

Bullshit statement based on false premise:  "resistance to censorship and violence hack".  Bitcoin transaction validators are GIANT FUCKING FOOTBALL STADIUMS with a laughably high surface attack vector and are also small in number (due to it being impossible to create a decentralized digital currency because transaction validators are always designed to centralize).

For anyone to make a statement claiming shitcoin transaction validators are somehow resistant to government censorship, ones that actually matter would need to number at a minimum of something like 10,000+....NOT THREE TO TEN RETARDED FOOTBALL STADIUMS RUN BY CHINESE COMMUNISTS.  In current form, Bitcoin is an easily destroyed paper tiger.  The fact governments worldwide make no attempt to do so tells you it's a government created scam to try and trick people into a cashless society slavery system and away from physical metals.

[jbreher]

As faulty as "democracy" might be, this is one of the examples of when it works.

A pronouncement by USOC is about as far removed from democracy as it gets within this here 'Merka. Well, other than 'rule making' by unelected bureaucrats in the executive branch.

[jbreher]

I present to you the eChair: http://carltatzdesign.com/press-releases/pr-1115-carl-tatz-has-your-back.html

Is it the best chair available? I dunno. But after living with it for a while, it is certainly better for me than (e.g.) an Aeron.

If you want a mesh chair, the Staples Hyken is $159 and pretty similar to all those $1000+  mesh chairs.  

*pfft* While I guess Staples might be hiding the good stuff from the people who wander in, I've never sat on anything at Staples that was worth the effort to carry home, even were it free of cost.

But the mesh chairs aren't going to be as comfortable as finding a well-designed memory foam chair (if they even exist).

Says the person who -- in the very same sentence -- admits he's never sat in one.

Anything you say, bug.

[jbreher]

Seems like
@Bakkt
 is on pace to break $20m in daily volume soon as they consistently notch above $10m now.

H/t:
@BakktBot



https://twitter.com/trajanmex/status/1193942948867522560?s=20

It's not too hard to figure out. BAKKT customers need not be Bitcoiners. Look at the last day. You could sell a future contract for 9500 or so, by the chart. Well, you could buy BTC at that day's price (as low as 8775), and sell a contract, your assets and liabilities balance, you pocket money. A fair amount. With the only downside being the counterparty risk of the parent company of the mudderfukkin' New York Stock Exchange.

It's a pretty simple calculus. The only miracle is that the volume isn't higher.

You can shave some, but much less than you imply.
The cost of
nov19 8810
dec19 8902.5
jan20 8962

(8962-8810)/8810 is about 1.7% in 2 months or 10% yearly.
https://www.theice.com

Compares pretty favorably to any other low risk investment. Crushes it, in fact. Even before you add to your calculus the premium for selling the future.

[realr0ach]

Meanwhile, in the Judenpresse:



Maybe I'm hallucinating, but isn't this liberal news outlet admitting that it's not just women walking the street, but all women are prostitutes?

[jbreher]

https://hackernoon.com/why-everyone-missed-the-most-mind-blowing-feature-of-cryptocurrency-860c3f25f1fb
Butthurt latecomer shills his frankly atrocious altcoin

Jeffries a latecomer? Hardly.

He can sure drone on though, hunh?

[jbreher]

Now, designing a new post-apocalypse cpu that could be created from low-tech sources and an os to go with it, that's a good idea.

Back in college, I built an 8085 clone outta MSI gate chips. Not quite raw materials (I, Pencil anyone?), but a step in that direction.

[Last of the V8s]

'latecomer' - Whoops got that bit wrong.

[realr0ach]

If anyone was wondering why Micgoossens is missing:

https://www.reddit.com/r/MGTOW/comments/dvdkqj/wife_wanted_to_cuck_husband_in_front_of_his_own/

[Syke]

Back in college, I built an 8085 clone outta MSI gate chips. Not quite raw materials (I, Pencil anyone?), but a step in that direction.

Yeah, like that. Z80 was a nice chip, sure, but we can do better. Our new chip will need functions to aid in sha-256 so we can keep the blockchain alive.

[jojo69]

https://collapseos.org/

Bootstrap post-collapse technology

Winter is coming and Collapse OS aims to soften the blow. It is a z80 kernel and a collection of programs, tools and documentation that allows you to assemble an OS that can:

    Run on minimal and improvised machines.
    Interface through improvised means (serial, keyboard, display).
    Edit text files.
    Compile assembler source files for a wide range of MCUs and CPUs.
    Read and write from a wide range of storage devices.
    Replicate itself.

Pointless. There's no way all computers are going to be destroyed, but millions of z80 cpus will be fine and salvageable. That's just a crazy scenario. Now, designing a new post-apocalypse cpu that could be created from low-tech sources and an os to go with it, that's a good idea.

big piles of 7400 series logic DIPs

[nutildah]

https://twitter.com/rusty_twit/status/1189678498337574912 ?
Maybe. Not dispositive, however. The total of penalty txs over the probable time interval of the event show less than 1BTC lost through penalty txs. But tell me - why is it assumed that there were penalty claims?

It is glaringly a dispositive. During the previous 10,000 block period there were exactly 6 penalty transactions totaling 0.09746883 BTC.

Haha. Glaringly obvious indeed. Even when spoon-fed, you entirely miss the implication of my clearly-stated musing (see italic above).

Since you edited out my addressing of this point, let me re-insert it for you:

A penalty transaction has distinct characteristics:

LN channel = multisig UTXO.

To change channel balance write new tx spending the UTXO. Both sign but dont broadcast.

They all:

- are V0_P2WPKH type transactions
- are roughly the same size of 237-238 B, 121 vB, 483-484 WU
- use SegWit addresses

There is a way to filter through transaction data based on this criteria.

If his counterparties were on the beneficial side of a stale closing tx, what is their incentive to issue a penalty? They stand to win more through just letting the mistaken stale tx broadcasts lie as is. Seems we need to at least consider that possibility before closing the case. As at least one scenario.

So far none of the 400 nodes connected to him reported receiving any funds.

Hmm. None of the 400 unjustly-enriched parties reported unjust enrichment. Whodathunkit?

Or, perhaps its because they never received jack shit. Not ONE in 400 nodes is honest enough to report receiving more funds than they should have? Just think about it for a moment before responding.

What is more likely is he has the funds, can't access them, and they are far fewer than 4 BTC in total.

Sez you. Sure, it's a plausible argument. But it does not invalidate the alternative scenario which I present. Which, of course, is why I ask to see the evidence. Again, everything you present falls far short of being dispositive.

Its a more plausible argument that yours, which is LN developers don't know what they're talking about when it comes to LN.

https://bitcoinist.com/4-bitcoin-loss-on-lightning-network-is-fud-says-community/ ?
Oh yes - "says community". Hearsay is not evidence.

There are LN experts working pretty hard to help this guy recover his funds.

What ever does that have to do with the assertion that your last link is mere hearsay? Do you not understand the word itself?

You again edited out the link I provided to a discussion on the LN GitHub about the issue which as far as I can tell is comprised of the first and foremost members of the relevant COMMUNITY:

https://github.com/lightningnetwork/lnd/issues/2468

A couple of the "experts" indirectly referenced in the Bitcoinist article have been posting in that GitHub thread. That's why its not hearsay.

More germane, you have moved the goalposts from 'he made the whole thing up, case closed' to 'I kinda think sorta he might have exaggerated his losses'. Let us recall that this opened with an assertion made to the effect that it was all a lie, followed by me merely asking for evidence, for which you attacked me with the strawman of denial.
I don't know if you're being dishonest, or you are merely incapable of logic.

OK I'm making a concession that he may have lost a maximum of 0.1 BTC (though its still more likely he lost nothing), but it still seems like it was all to make a bullshit point about "the dangers of Lightning." Making a concession is hardly "moving the goalposts."

I was originally stressing that his claims of losing 4 BTC were bullshit. You're one of the most dishonest posters in this thread, so while you are an expert in that field, you aren't exactly in any position to go around claiming others are dishonest.

[LUCKMCFLY]

Well done ... Bakkt, Singapore


Source: https://www.coinness.com/news/458404

“We have the intention of offering a cash-settled contract as well,”

https://www.coindesk.com/bakkt-in-discussions-to-offer-cash-settled-bitcoin-futures-in-singapore