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

[infofront]

[JayJuanGee]

Not that BTC needs any reason to dip but this is as good as any.

Mimblewimble’s privacy is fundamentally flawed. Using only $60/week of AWS spend, I was able to uncover the exact addresses of senders and recipients for 96% Grin transactions in real time.
The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it. This means Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when it comes to privacy.

https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

TL no link clicky, Mimblewimble is supposedly dead  

Good thing that Mimblewimble and BTC are not the same thing.  In other words, fuck that shit coin.  

As I understand, mimblewinble is not a coin but privacy developments which were interesting as it related to Bitcoin's development and likely to be on a prudent speculator's radar no?  Especially considering Bitcoin's privacy design?  

Edit: Thanks for the link @rdbase  snicker, mimblewimble.  Bunch of candy bar eating nerds making these up? 

Maybe mimblewimble will have some technologies that fold into bitcoin?  There are also privacy developments that seem to exist through lightning network, Schnoor signatures and taproot, to my understanding. 

I do recall some tokens being issued related to mimblewimble, grin which had been a change of plans, when originally they were going to build on bitcoin, they later decided to create and launch some tokens.

So yeah, I am not sure how "prudently" connected are such projects, and of course, we are going to expect some failures and challenges regarding a variety of these efforts which should cause us to be satisified that they are sufficiently separated from bitcoin, at least currently.

[realr0ach]

There's a lot of Ethereum tards posting on Twitter now claiming that money is "a social construct".  Yea...no.  If you claim money is a social construct, all you're doing is promoting the legitimacy of things like the Jewish Federal Reserve note.  Money is not a social construct.  Currencies are a social construct, but not money, which is required to be a physical commodity resource.  Resources are not social constructs.  They achieve value through merit of their own usefulness and not just opinion or deception.

Currencies are worthless confidence game scams (Ethereum, Federal Reserve note, Bitcoin) which seek to achieve relevance through this 'social construct' side channel attack.  The attack occasionally works temporarily, but always implodes back to zero on a long enough timeline.  In a tri-metal system of gold, silver, and copper in the present day, free of manipulation and deception, it's possible, or even probable, the market caps of silver and copper might evolve to be higher than that of gold due to offering higher utility as resources.

In the old days, a similar effect seemed to happen with silver constantly encroaching upon gold's value until it was manipulated back down.  For instance, silver had higher liquidity than gold because it was used more in day to day use, and since it's easier to buy a loaf of bread with smaller denomination silver than large denomination gold, silver actually had more utility in this manner.  If you bring an ounce of gold to the baker and he can't make change, it's utility is effectively zero.  Fast forward to today and there are now several workarounds to the divisbility issue, but both silver and copper's intrinsic commodity usefulness has blown way past gold, so it's possible their monetary market caps could also reflect that in the future.

[JayJuanGee]

Hey Homer, will you be making a hat for the art entry?  

^ + 1000!

Yeah, homer caps have been probably the single most important artistic action in BTCT ever! It has even transpired off WO frontiers to many other members not regular here.

Homer should make an entry for sure!

I wanted to make an art design with the hat gallery, but...
WO hats are part of Bitcointalk, if the hat gallery can help you, it's at your disposal.
Go ahead xhomerx10 will surprise us.

 Thank you guys, I appreciate the praise and the encouragement.  I've been rather busy lately though and I'm not sure I'll have the time to make something hat-related before the contest deadline.  I'm waiting for some inspiration from the muses but lately, I've only been visited by Melpomene.  

To date, your possibly quasi-"friendly fork," xhomerx10 wannabe snakeoils salesman, aka madnessteat has made a few 10th anniversary hats (and submissions to the contest).   Does that stir your creative juices?  

[JayJuanGee]

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

“If you’ve got to move fast, uncertainty means Bitcoin. I mean, gold, you can’t really carry much of it, it’s hard to store, it’s quite difficult to buy. You can’t just go, I’ll have some of that gold. It’s much easier to buy Bitcoin, and move Bitcoin, and protect Bitcoin than gold. So gold is at a bit of a disadvantage. And it’s old usage as the flight capital of choice is being eroded.”

and:

“I think Bitcoin could easily go to twenty thousand. I’m expecting it to go to fifty, I’ll be very happy if it were to go to one hundred thousand. And the one million dollar Bitcon number is purely what you get if every Satoshi is worth a dollar, no, sorry, a cent. Let me get that right. So that’s just a mathematical number,” he bullishly noted.

Via YouTube: https://www.youtube.com/watch?time_continue=119&v=g5w2wiuAIA4&feature=emb_logo

Source: https://www.newsbtc.com/2019/11/18/analyst-bitcoin-price-can-reach-50k-on-macroeconomic-uncertainty/

What do you believe is the date of that interview, LUCKMCFLY, or anyone else?

I know that the linked article is from today, and the download of the video is just a few days ago, but based on the content, it seems that Clem Chambers was describing $6k as an upwards price point for BTC (rather than downwards), which would imply that the interview was in early 2019 - before BTC had broken back above $6k, and maybe even before April 1, 2019.  Unless, he was suggesting $6k as a kind of BTC buying opportunity, and that is why he was suggesting $6k as if it were a positive BTC development?

Yes, it is out of context with the reality of the price now and in fact, it refers to $ 6k, although I associated it at the time that Bitcoin began to grow from $ 6k quickly (But I forgot the detail that could have been possibly before of April 1) .Thanks for the clarification JayJuanGee .. Possibly the article seemed relevant to those statements of the interview to show the growth it had from that moment until now.

I was puzzled by the context of the statement because the interview seemed current, but the statements about going to $6k seemed quite a bit off.  I spent a decent amount of time perusing the article and various webpages including the comments on the YouTube page, and no one seemed to have mentioned it... so it still remains a bit of a puzzle for me concerning exactly when that interview actually took place and yeah it may have been uploaded much later than when it took place, perhaps?

[JayJuanGee]

Poor lil tinglie....

That word...


W00ps wrong one.

So sensitive?    





 

I'm, not sure you got the joke but i'm quite sure your incapable of hurting my feelings.

eeeeeeeewwwwwwwww        Mr. Tough guy, aka Hueristic.  Can I get a fist bump from your highness?




 

BTW... I had to resize the earlier memes to be visible because they are part of the message context, herein.

[edited out]

Money quote: “Bitcoin is about to shock the hell out of everyone”  

..........
THX 1138 has been ignored forever FYI. If Shelby wants us to read his shit then he can follow the fucking rules.

I started to report the posts of THX1138 - since there seems to be a pattern of a ban evasion going on here. Banned members should not be able to go through other members to post responses here, which would cause THX1138 and anyone else who engages in such conduct to be attempting to evade a ban.

[LUCKMCFLY]

In cases of economic turbulence, it is better to choose Bitcoin, some investors are already doing it intelligently, some keeping discretion.

“If you’ve got to move fast, uncertainty means Bitcoin. I mean, gold, you can’t really carry much of it, it’s hard to store, it’s quite difficult to buy. You can’t just go, I’ll have some of that gold. It’s much easier to buy Bitcoin, and move Bitcoin, and protect Bitcoin than gold. So gold is at a bit of a disadvantage. And it’s old usage as the flight capital of choice is being eroded.”

and:

“I think Bitcoin could easily go to twenty thousand. I’m expecting it to go to fifty, I’ll be very happy if it were to go to one hundred thousand. And the one million dollar Bitcon number is purely what you get if every Satoshi is worth a dollar, no, sorry, a cent. Let me get that right. So that’s just a mathematical number,” he bullishly noted.

Via YouTube: https://www.youtube.com/watch?time_continue=119&v=g5w2wiuAIA4&feature=emb_logo

Source: https://www.newsbtc.com/2019/11/18/analyst-bitcoin-price-can-reach-50k-on-macroeconomic-uncertainty/

What do you believe is the date of that interview, LUCKMCFLY, or anyone else?

I know that the linked article is from today, and the download of the video is just a few days ago, but based on the content, it seems that Clem Chambers was describing $6k as an upwards price point for BTC (rather than downwards), which would imply that the interview was in early 2019 - before BTC had broken back above $6k, and maybe even before April 1, 2019.  Unless, he was suggesting $6k as a kind of BTC buying opportunity, and that is why he was suggesting $6k as if it were a positive BTC development?

Yes, it is out of context with the reality of the price now and in fact, it refers to $ 6k, although I associated it at the time that Bitcoin began to grow from $ 6k quickly (But I forgot the detail that could have been possibly before of April 1) .Thanks for the clarification JayJuanGee .. Possibly the article seemed relevant to those statements of the interview to show the growth it had from that moment until now.

I was puzzled by the context of the statement because the interview seemed current, but the statements about going to $6k seemed quite a bit off.  I spent a decent amount of time perusing the article and various webpages including the comments on the YouTube page, and no one seemed to have mentioned it... so it still remains a bit of a puzzle for me concerning exactly when that interview actually took place and yeah it may have been uploaded much later than when it took place, perhaps?

I've been looking the same way, what I got was that it was dated November 15 of this year ...

I followed the sources: https://www.kitco.com/
                                  https://www.kitco.com/news/video/show/Kitco-NEWS/2612/2019-11-15/The-gold-versus-bitcoin-debate-is-still-on-expert-says-$20k -is-in-the-cards-but-for-which # _48_INSTANCE_puYLh9Vd66QY_ = https% 3A% 2F% 2Fwww.kitco.com% 2Fnews% 2Fvideo% 2Flatest% 3Fshow% 3DKitco-NEWS

                                  https://investorshub.advfn.com/

It is really strange ..

[Hueristic]

Not that BTC needs any reason to dip but this is as good as any.

Mimblewimble’s privacy is fundamentally flawed. Using only $60/week of AWS spend, I was able to uncover the exact addresses of senders and recipients for 96% Grin transactions in real time.
The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it. This means Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when it comes to privacy.

https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

TL no link clicky, Mimblewimble is supposedly dead  

Good thing that Mimblewimble and BTC are not the same thing.  In other words, fuck that shit coin.  

Mimblewimble is a protocol it could have been used to create private sidechains.

Well first of all I own NO Grin or other MW coin.  The only alt i DO own in any sigificance is Monero, so there's the disclaimer...

But how many times have we heard about a cryptocurrency being toast?  I tend to take these things with a grain of salt.  On the other hand MW is a very experimental tech, and we should not be suprised when this sort of thing fails.

But why would this relative unknown coin be a reason for BTC to dip?

(one more thing...  I am always amazed anyone would give any creedence to Zcash at all... the founders reward is reason #1 to shun it, and opt in privacy is not really privacy).

Just the fact it is a Trusted setup makes it a no go, Zcrap is proof people do not do any due diligence whatsoever.

I started to report the posts of THX1138 - since there seems to be a pattern of a ban evasion going on here. Banned members should not be able to go through other members to post responses here, which would cause THX1138 and anyone else who engages in such conduct to be attempting to evade a ban.

It's not that important (I don't care if thats how he wants it to be[he could easily get back by following the simple ass rules]), I just don't want to hear it so the ignore works for me but then when i get attributed his words in a fucked up quote I want that shit fixed.

The resizing did the trick.


Now back to trying to find out where the hell i was in this thread!

[akhjob]

https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

no idea. just going through this

Now try this
https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9

[Bitcoinaire]

Nothing will come of it, however...

US SEC Takes Another Look at Rejected Bitwise Bitcoin ETF Proposal

https://cointelegraph.com/news/us-sec-takes-another-look-at-rejected-bitwise-bitcoin-etf-proposal

[JayJuanGee]

Not that BTC needs any reason to dip but this is as good as any.

Mimblewimble’s privacy is fundamentally flawed. Using only $60/week of AWS spend, I was able to uncover the exact addresses of senders and recipients for 96% Grin transactions in real time.
The problem is inherent to Mimblewimble, and I don’t believe there’s a way to fix it. This means Mimblewimble should no longer be considered a viable alternative to Zcash or Monero when it comes to privacy.

https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

TL no link clicky, Mimblewimble is supposedly dead  

Good thing that Mimblewimble and BTC are not the same thing.  In other words, fuck that shit coin.  

Mimblewimble is a protocol it could have been used to create private sidechains.

Fair enough, and it would be good to get as many of the bugs out of it as possible during the early days, and if it has some irreconcilable technical issues, then maybe its obituary can be written to be able to move on, if there is nothing salvageable, perhaps?

I started to report the posts of THX1138 - since there seems to be a pattern of a ban evasion going on here. Banned members should not be able to go through other members to post responses here, which would cause THX1138 and anyone else who engages in such conduct to be attempting to evade a ban.

It's not that important (I don't care if thats how he wants it to be[he could easily get back by following the simple ass rules]), I just don't want to hear it so the ignore works for me but then when i get attributed his words in a fucked up quote I want that shit fixed.

Of course, anyone can choose or not to report any post, and I was more than willing to bear the inconvenience of many of the posts; however, here we have a situation that seems reportable, and such posts should be removed - banned members should NOT be able to post here.  Otherwise I agree with you that compliance with forum rules is not very onerous for quasi-normal peeps.

The resizing did the trick.

ok.  Great.

Now back to trying to find out where the hell i was in this thread!

Whenever you are  not really sure about something, the most logical place to start would be the beginning.



Alternatively, you can just attempt to remember where you last saw your keys, and go there.

[JayJuanGee]

https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52

no idea. just going through this

Now try this
https://medium.com/grin-mimblewimble/factual-inaccuracies-of-breaking-mimblewimbles-privacy-model-8063371839b9

Thanks akhjob!!!

The above-linked response seems to have largely addressed the earlier criticisms as hyperbolic exaggerations, so in that regard, grin/mimblewimble is far from dead, yet.

[akhjob]

^ You are welcome 
I read about it earlier today, since Bitcointalk accepts Grin payments and when I saw that some of you are arguing about it, I thought of sharing it here 

[JayJuanGee]

Nothing will come of it, however...

US SEC Takes Another Look at Rejected Bitwise Bitcoin ETF Proposal

https://cointelegraph.com/news/us-sec-takes-another-look-at-rejected-bitwise-bitcoin-etf-proposal

Seems like some of these ETF applications never die, and in this regard the SEC seems to be reviewing (and accepting comments until December 18, 2019) regarding the Bitwise / Arca ETF filing that had been rejected on October 9, 2019.

Here's the actual SEC announcement of the review - that is linked in the article that you had provided, Bitcoinaire:
https://www.federalregister.gov/document...iew-for-an

Like you mentioned, Bitcoinaire, I am thinking that the SEC will likely reject the ETF again, and I would imagine that any actual further decision will extend well into early 2020, and who knows if this kind of review triggers further time extensions or consideration of further evidence and/or arguments that might end up being raised through this particular 30-day commentary period?

[fillippone]

Can’t disagree with this witty tweet:

If you think the Bitcoin halving is priced in, think about this:

Every year, without fail, people in their 50’s are surprised by how early it gets dark in Nov.

“OMG, can you believe it’s dark out already?!?”

“Yes Karen, I can. It’s Nov. 18. It’s been happening my entire life.”

https://twitter.com/ceterispar1bus/status/1196553122413514752?s=21

[Negotiation]

Can’t disagree with this witty tweet:

If you think the Bitcoin halving is priced in, think about this:

Every year, without fail, people in their 50’s are surprised by how early it gets dark in Nov.

“OMG, can you believe it’s dark out already?!?”

“Yes Karen, I can. It’s Nov. 18. It’s been happening my entire life.”

https://twitter.com/ceterispar1bus/status/1196553122413514752?s=21

Also i agree that dark day November i think means "Black Friday"   this day huge movement every places we go back Nov. 18 that day, we will realize that there was an earthquake in the crypto market.

[nutildah]

Momentary glitch on the Robinhood app today:



Should have pressed "Sell".

[Negotiation]

Momentary glitch on the Robinhood app today:



Should have pressed "Sell".

You are the reach man DuD no sell waiting 6 digit. hold on.

[HairyMaclairy]

Easy peasy lemon squeezy

[Last of the V8s]

My, Mr Hairy, that's huge.