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

[bitserve]

In which case Bitcoin will not go up. Fiat will simply go down.

In other news, watch out: Latest Mozilla update wants to route your DNS queries through cloudflare. Which since it's an internet provider means the Govt will be able to see all of your queries without a warrant.

(Run your own DNS servers ffs)

I always assume all my traffic is being (at least potentially) ILLICITLY eavesdropped. Do you mean it is ALSO legit they would use the eavesdropping against you... LEGALLY?

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[Lambie Slayer]

In which case Bitcoin will not go up. Fiat will simply go down.

Th market cap for King Bitcoin is too small for that. As people rush to escape their currency devaluation and bubble stock market collapse the demand for Bitcoin will reach levels that will push the price up far beyond the percent of purchasing power that fiat loses.

This has been going on for 10 years and will not stop until we become a mature multi trillion dollar asset, and likey global reserve currency.

[jojo69]

Asian markets getting pummeled...wow

[Hueristic]

Jesus hates you anyway...

I literally have the bumper sticker "Jesus Loves You - Everyone else thinks your an asshole" hanging on my wall for the last 20+ years.

[DaRude]

In which case Bitcoin will not go up. Fiat will simply go down.

In other news, watch out: Latest Mozilla update wants to route your DNS queries through cloudflare. Which since it's an internet provider means the Govt will be able to see all of your queries without a warrant.

(Run your own DNS servers ffs)

It's not a panacea, but exponentially better than clear DNS requests that your ISP can intercept. Running you own DNS won't stop ISPs from snooping your cleartext DNS traffic.

Privacy Requirements

Mozilla’s TRR is intended to provide better, minimum privacy guarantees to Firefox users than current, ad hoc provisioning of DNS services. As such, resolvers must strictly limit data collection and sharing from the resolver. More specifically:

        1. The resolver may retain user data (including identifiable data, data associated with user IP addresses, and any non-aggregate anonymized data) but should do so only for the purpose of operating the service and must not retain that data for longer than 24 hours.

                Only aggregate data that does not identify individual users or requests may be retained beyond 24 hours.

        2. The resolver must not retain, sell, or transfer to any third party (except as may be required by law) any personal information, IP addresses or other user identifiers, or user query patterns from the DNS queries sent from the Firefox browser.

        3. The resolver must not combine the data that it collects from queries with any other data in any way that can be used to identify individual end users.

        4. The resolver must not sell, license, sublicense, or grant any rights to user data to any other person or entity.

        5. The resolver must support DNS Query Name Minimisation as defined in RFC 7816.

        6. The resolver must not propagate unnecessary information about queries to authoritative name servers. In particular, the client subnet DNS extension in RFC 7871 must not be sent to servers unless the connection to the authoritative server is encrypted and only to authoritative name servers operated by the domain owner directly or by a DNS provider pursuant to its contract with the domain owner.

Transparency Requirements

The party operating the resolver must be transparent about any data collection and sharing that does occur in accordance with the above requirements. More specifically:

        1. Privacy Notice. There must be a public privacy notice specifically for the resolver service that documents the specific fields for data that will be retained for 24 hours and that documents specific fields for aggregate data that will be retained beyond 24 hours. The notice should also attest to requirements 2 - 4 above.

        2. Transparency Report. There must be a transparency report published at least yearly that documents the policy for how the party operating the resolver will handle law enforcement requests for user data and that documents the types and number of requests received and answered, except to the extent such disclosure is prohibited by law.

https://wiki.mozilla.org/Security/DOH-resolver-policy

Tell me how's that worse than what ISPs do now by redirecting unresolved domains to themselves?


Mozilla is the good guy here, It's not a perfect solution but leaps and bounds better than default DNS from ISPs. They're getting a lot of push back for it

ISPA Internet Villain

Mozilla – for their proposed approach to introduce DNS-over-HTTPS in such a way as to bypass UK filtering obligations and parental controls, undermining internet safety standards in the UK

https://www.ispa.org.uk/ispa-announces-finalists-for-2019-internet-heroes-and-villains-trump-and-mozilla-lead-the-way-as-villain-nominees/

[Hueristic]

ISPA Internet Villain

Mozilla – for their proposed approach to introduce DNS-over-HTTPS in such a way as to bypass UK filtering obligations and parental controls, undermining internet safety standards in the UK

https://www.ispa.org.uk/ispa-announces-finalists-for-2019-internet-heroes-and-villains-trump-and-mozilla-lead-the-way-as-villain-nominees/

I think the main issue is that they are defaulting Cloudflare.

[VB1001]

Bitcoin Optech

This week’s newsletter announces the 2020 Chaincode Residency program, describes two proposed routing improvements for LN, summarizes three interesting talks from the Stanford Blockchain Conference, links to popular questions and answers from the Bitcoin StackExchange, and lists several notable changes to popular Bitcoin infrastructure software.

https://bitcoinops.org/en/newsletters/2020/02/26/

[DaRude]

ISPA Internet Villain

Mozilla – for their proposed approach to introduce DNS-over-HTTPS in such a way as to bypass UK filtering obligations and parental controls, undermining internet safety standards in the UK

https://www.ispa.org.uk/ispa-announces-finalists-for-2019-internet-heroes-and-villains-trump-and-mozilla-lead-the-way-as-villain-nominees/

I think the main issue is that they are defaulting Cloudflare.

Still fail to see how that's worse than current default DNS hijacking by ISPs?
https://en.wikipedia.org/wiki/DNS_hijacking#Manipulation_by_ISPs

[Lambie Slayer]

Asian markets getting pummeled...wow

Global stocks are not even seeing small dead cat bounces, its just down all during market hours and all during market close as futures tank. We may never live to see anything like this again. This is very likely the big one.

Perfect storm. Worst pandemic in a century and highest stockmarket valuations and everything bubble in a century. Ironically govs covered up the Spanish Flu as long as they could bc they thought it would hurt war morale. Same game, different players.

"Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills." - Jesse Livermore the Great Bear of Wall Street


Bitcoin was designed during the last financial crisis for a moment such as this. That moment has come.

Hodl.

via Imgflip Meme Generator

[Ibian]

Irans numbers are likely to be much higher. Possibly around 18k.

[Ibian]

ISPA Internet Villain

Mozilla – for their proposed approach to introduce DNS-over-HTTPS in such a way as to bypass UK filtering obligations and parental controls, undermining internet safety standards in the UK

https://www.ispa.org.uk/ispa-announces-finalists-for-2019-internet-heroes-and-villains-trump-and-mozilla-lead-the-way-as-villain-nominees/

I think the main issue is that they are defaulting Cloudflare.

Still fail to see how that's worse than current default DNS hijacking by ISPs?
https://en.wikipedia.org/wiki/DNS_hijacking#Manipulation_by_ISPs

Cloudflare are known censors.

[nanobtc]

is anybody so kind and explain or send me the link to the DCA strategy please?

BTW, we should start something where the WO terms are explained to Newbies like me.

Heh, not for you, Gysur, but for actual newbs? DCA Made Easy.
Dollar Cost Averaging: Buy some reasonable fixed amount, regularly. Be fearless.

0. Never buy/sell Big Chunks of BTC/$$$

1. Choose some vice/habit/expenditure, that you can quit or reduce. Calculate the cost on an interval of a month or less.

2. Choose an amount you could invest/buy on said interval.

3. Don't sell.

4. {Non-DCA overall good advice} Pick some small % drop that means "I could buy a little more, on the dip".

5. Examine your life. Sell some things (attic mining, @Searing). Buy a few satoshis.

6. Don't borrow money, overextend yourself, or buy BTC on credit.

7. Keep abreast of news/developments, but don't get emotional. Stand tall. We are the champions (of the world).

8. (eventually) have a goal to get off. Not sell out, but a small % reward.

9. What is your goal with your life? Be it lambo/hookers/blow, or travel, freedom from work, or a private island, we all need goals.

10. If you can't sleep, worrying about it? Reduce your position, but never sell all.

Step 1 is important, especially if your vice/habit/expenditure is unhealthy. Look where to conserve in small ways. Pick a 'red beans and rice' night every week. If you go out to see a lot of movies, pick a night to sit outside and watch the stars and listen to music (weather permitting). If possible, go to bed early one night a week, and walk to work, or wherever you are going. Limit your intake of trendy chemical amusement products.

For my own darn self, I quit smoking cigarettes, and spend that money on BTC. If it all goes to zero? I pride myself in still making my life better.

Re-reading this, it seems more philosophical than I am. I just got back from two funeral visitations from two friends that did not take care of themselves. You can't take it with you, live better.

[aesma]

So my stock portfolio is going down. Most of it I can't do anything about it (company stock, must keep 5 years before selling, free stock as a compensation).

But my BTC portfolio is also going down !

Not that bad (for either) but still, I would have expected an inverse correlation, or at least BTC hodling better.

Gold is going up in the meantime, I know someone is gloating...

[nanobtc]

[snippage ensues]
I still own a pair of (working) Compaq 'sewing machine' 8088-based PC clones. DOS on floppy, store to floppy. Woo-hoo!

I keep an 8 inch floppy disk at my desk, beside my 5 pound IBM Model M keyboard. Winderrs keys are for losers! The Model M is a daily driver, the 8 inch floppy is just a momento.

[aesma]

Floppy noises (3,5" in my case) and modem noises are the sounds of my childhood !

[Danne87]

[snippage ensues]
I still own a pair of (working) Compaq 'sewing machine' 8088-based PC clones. DOS on floppy, store to floppy. Woo-hoo!

I keep an 8 inch floppy disk at my desk, beside my 5 pound IBM Model M keyboard. Winderrs keys are for losers! The Model M is a daily driver, the 8 inch floppy is just a momento.

Soon it will be possible to send to the museum

[Lambie Slayer]

So my stock portfolio is going down. Most of it I can't do anything about it (company stock, must keep 5 years before selling, free stock as a compensation).

But my BTC portfolio is also going down !

Not that bad (for either) but still, I would have expected an inverse correlation, or at least BTC hodling better.

Gold is going up in the meantime, I know someone is gloating...

Since Dec. 31 when the Coronavirus became global disaster news, Bitcoin is up big, gold is up a decent amount and stocks are down.

https://bitcointalk.org/index.php?topic=178336.msg53921914#msg53921914

King Bitcoin is gloating, as it is the best Safe Haven so far during the Coronavirus crisis.

Safe Havens dont go up every single day, they outperform other assets in a crisis, just like Bitcoin has done.

[aesma]

With how things are accelerating with the virus, do you think it could be "over" in a way quicker than first thought, basically things going back to this being a "bad flu year" but no more going crazy with quarantines, closing plants, closing schools, stopping tournaments, things that are proving ineffective anyway, aside from hurting the economy ?

[Ibian]

So my stock portfolio is going down. Most of it I can't do anything about it (company stock, must keep 5 years before selling, free stock as a compensation).

But my BTC portfolio is also going down !

Not that bad (for either) but still, I would have expected an inverse correlation, or at least BTC hodling better.

Gold is going up in the meantime, I know someone is gloating...

It helps to think in 5 year bricks.

[Ibian]

With how things are accelerating with the virus, do you think it could be "over" in a way quicker than first thought, basically things going back to this being a "bad flu year" but no more going crazy with quarantines, closing plants, closing schools, stopping tournaments, things that are proving ineffective anyway, aside from hurting the economy ?

No. There is no stopping this thing. Until we have a working, reliable, cheap cure, we are dealing with the Big One.