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

[JayJuanGee]

https://www.youtube.com/watch?v=LnEik-n-yTM

That's much better.

Uploaded yesterday, but he did mention a $9XXX BTC, so obviously a bit older.
Very interesting to hear what he had to say about energy and proof of stake.

+1 WO's merit damn it.

I watched that less than 30 minute interview with Niklas Nikolajsen of Bitcoin Suisse, too, and I did have the impression that Niklas comes off as a very smart, thoughtful and likable guy.. 

However, I think that he is wrong about proof of stake, and his stated belief that bitcoin is going to ultimately transition to proof of stake.  That is like crazy-talk and Niklas asserts such transition to proof of stake as if it were a given, but in the end, his assertion shows that even very smart, rich guys in the business side of the bitcoin (and ethereum) space, sometimes do not even understand what makes bitcoin valuable, which is proof of work. 

So, yeah, that part of the interview kind of bothered me, and made me say "holy shit" on the inside (and now sharing such "holy shit" assertion with you lovely #nohomo folks).

[1715089664]

1715089664

[1715089664]

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[Last of the V8s]

Somebody flushed the chain - Sea of red!

[Toxic2040]

Somebody flushed the chain - Sea of red!

[Bitcoinaire]

Annnd the pump is over.

[Biodom]

Somebody flushed the chain - Sea of red!

Bitmex is hard at work :/

..or, probably, some news that would come out later today or tomorrow ("stahks" declined into close as well).

[Last of the V8s]

Somebody flushed the chain - Sea of red!

had me worried there bro.

[Biodom]

https://www.youtube.com/watch?v=LnEik-n-yTM

That's much better.

Uploaded yesterday, but he did mention a $9XXX BTC, so obviously a bit older.
Very interesting to hear what he had to say about energy and proof of stake.

+1 WO's merit damn it.

I watched that less than 30 minute interview with Niklas Nikolajsen of Bitcoin Suisse, too, and I did have the impression that Niklas comes off as a very smart, thoughtful and likable guy..  

However, I think that he is wrong about proof of stake, and his stated belief that bitcoin is going to ultimately transition to proof of stake.  That is like crazy-talk and Niklas asserts such transition to proof of stake as if it were a given, but in the end, his assertion shows that even very smart, rich guys in the business side of the bitcoin (and ethereum) space, sometimes do not even understand what makes bitcoin valuable, which is proof of work.  

So, yeah, that part of the interview kind of bothered me, and made me say "holy shit" on the inside (and now sharing such "holy shit" assertion with you lovely #nohomo folks).

Yea, I watched it too. Another DCAer, right? Without POW it is just another brrr, which is in conflict with the 21 mil limit. All (or most) of the POS coins or those which would be moving there (cough-eth-cough) have NO limit, which pretty much kills (or damages) the idea of them being a store of value.

[Cryptotourist]

https://www.youtube.com/watch?v=LnEik-n-yTM

That's much better.

Uploaded yesterday, but he did mention a $9XXX BTC, so obviously a bit older.
Very interesting to hear what he had to say about energy and proof of stake.

+1 WO's merit damn it.

I watched that less than 30 minute interview with Niklas Nikolajsen of Bitcoin Suisse, too, and I did have the impression that Niklas comes off as a very smart, thoughtful and likable guy..  

However, I think that he is wrong about proof of stake, and his stated belief that bitcoin is going to ultimately transition to proof of stake.  That is like crazy-talk and Niklas asserts such transition to proof of stake as if it were a given, but in the end, his assertion shows that even very smart, rich guys in the business side of the bitcoin (and ethereum) space, sometimes do not even understand what makes bitcoin valuable, which is proof of work.  

So, yeah, that part of the interview kind of bothered me, and made me say "holy shit" on the inside (and now sharing such "holy shit" assertion with you lovely #nohomo folks).

I actually agree with you, but don't think wrong of him, he is only talking his books. It's not ETH Suisse.
That being said, I cannot dismiss the chance of an Orwellian energy suffering world, were proof of stake can contribute.

In other words, even BTC needs a bitch.

[machasm]

Somebody flushed the chain - Sea of red!

Still over $7100.
Pretty decent really.

[Toxic2040]

had me worried there bro.

just lol     

you win this round

[Last of the V8s]

nasty stuff
https://supchina.com/2020/04/06/chinese-cartoon-depicts-rule-breaking-foreigners-as-trash-to-be-sorted/

While China is no stranger to xenophobia and racism, the COVID-19 pandemic has taken hostility toward foreigners to an alarming new level.

[JayJuanGee]

I am pretty sure that in recent weeks I had come across a term that describes a kind of poetic justice that occurs when someone becomes a victim of the very thing that s/he has been denying to exist.  

Boris Johnson has already become that, but I cannot remember the term.. or if we need to create a term.  

New research obsession of mine to find the right descriptor (or meme or whatever will accurately describe such phenomena and several people are coming to realize that those invisible lil thingies, aka viruses, can be a "real" force to be reckoned with).

Even when someone is a denier, we can still feel some passion for the human side of severe illness and perhaps succumbing to death when they become the victim, even though their prior arrogance can be challenging of such sympathies, too, as shown in this article, including a video from Johnson, too.

https://www.bloomberg.com/news/articles/2020-03-28/johnson-s-war-with-coronavirus-is-no-joke-anymore

The below article about Landon Spradlin deals with coronavirus deniers becoming victims, too.

https://foreignpolicy.com/2020/04/02/landon-spradlin-coronavirus-pandemic-death-punchline/

Maybe you're grasping at this phrase?

How is [Jihan] going to make any changes that would be enforceable on the community?

it's simple. the miners decide. the users don't matter.

Hoist with one's own petard.  

Thanks for the nice visual, and allowing me to chew a bit on the "hoisting of one's own petard." It is like in the ballpark, yet I still believe that there is some other term out there, and you are right.. I am having some troubles in identifying the term exactly (if there is such a term, beyond my imagination), even though the two articles that I linked in my above post did get into some descriptives of the concept in practice with Johnson and Spradlin.

[Imbatman]

My apologies if this is is not the correct forum for this question -- this is the only thread I follow.  Just trying to get my ducks in order and get a better grasp of what I have in place.

Say I have some BTC that I've owned since 2013 and they have been untouched since that time. 

Which coins/denominations do I have from each BTC I have as it relates to forks?

I know for sure I have 1 BCH, and maybe 1 BSV for each BTC I own, but is there anything else of value I should be looking at in case I'm thinking of doing anything in the next few months?

Thanks in advance!

[machasm]

Somebody flushed the chain - Sea of red!

Still over $7100.
Pretty decent really.

OOOps. Spoke too soon.

[bitcoinvest]

incoming dump again? let's see...

[JayJuanGee]

I am pretty sure that in recent weeks I had come across a term that describes a kind of poetic justice that occurs when someone becomes a victim of the very thing that s/he has been denying to exist.  

Boris Johnson has already become that, but I cannot remember the term.. or if we need to create a term.  

New research obsession of mine to find the right descriptor (or meme or whatever will accurately describe such phenomena and several people are coming to realize that those invisible lil thingies, aka viruses, can be a "real" force to be reckoned with).

Even when someone is a denier, we can still feel some passion for the human side of severe illness and perhaps succumbing to death when they become the victim, even though their prior arrogance can be challenging of such sympathies, too, as shown in this article, including a video from Johnson, too.

https://www.bloomberg.com/news/articles/2020-03-28/johnson-s-war-with-coronavirus-is-no-joke-anymore

The below article about Landon Spradlin deals with coronavirus deniers becoming victims, too.

https://foreignpolicy.com/2020/04/02/landon-spradlin-coronavirus-pandemic-death-punchline/

 I'd like to point out that there is a difference between denying the existence of Covid-19 and using a more restrained approach than shutting down your economy and paying people not to work in order to control the spread of the virus.  Many of us in the free world don't take kindly to being imprisoned even if it might be in our own best interest.  Don't forget that Boris just weeks ago finished wresting Britain from the clutches of that bureaucratic behemoth - The European Empire Mash-up Union.

Don't get me wrong.  Surely, I am not inclined towards the restriction of civil liberties or totally shutting down various aspects of an economy with little to no evidence, but there has been some science and truth denialism with some folks, whether referring to Trump or to Johnson.... so arrogance can be quite a weary and wearing experience, and I never liked bullies, so I kind of get turned off by them.  In any event, I am not concluding that there is all or nothing here, and frequently we need science to be informing our decisions.  Seems a bit crazy that such guy was going around shaking hands, against medical advice and also making denialism jokes about the lack of severity of the virus, which I personally find quite problematic for political leaders.. and sure, maybe sometimes political leaders might say certain things that they do not mean as a kind of exaggeration, but a virus is being shown to be something that needs to be taken seriously including supply line issues that have been shown to be quite vulnerable and also the out-of-control nature of exponential spreading in our current times of a very connected world... Don't even need to make this political, even though I know that there is a lot of politics involved and difficult to avoid that also.  (I hope that you don't take back my prophylactic hat.  You BIG meanie. #nohomo)

Edit:
Your last sentence, homer, reminds me of doing the monster mash.  A nice little olive branch song to cheer us all up, no?

[JayJuanGee]

And they told me Bitcoin was a risky volatile asset...

(Plotted in log charts so % gains/losses are proportional within each respective sparkline)

via Imgflip Meme Generator

https://twitter.com/woonomic/status/1247434537669234688?s=21

Do I think BTC is exhibiting safe haven properties?

Yes.

I think this is in part due to the nuances of Bitcoin production costs creating a floor in price, and partly due to it getting an uplift in price due to it's adoption s-curve (other assets are at adoption saturation).
https://twitter.com/woonomic/status/1247441012332482560?s=21

That view really does seem to put the whole matter into a better kind of perspective.

Of course, if you look at bitcoin's rise and fall and you ONLY look at the past 6 months, then the drop in bitcoin appears to be almost the same as the stock market, real estate and gold...

But if you zoom out, then you will see that bitcoin has only dropped a very small degree in terms of its overall rise.. barely a blip that seems to be much greater and tragic when looking in a shorter time horizon.

[El duderino_]

#staysafe

#HODLsleep

#14000thpost

#LoL

[Raja_MBZ]

Twitter CEO Jack Dorsey Pledges $1 Billion for Coronavirus Relief

https://time.com/5817083/jack-dorsey-pledges-1-billion-coronavirus-relief/

My favorite billionaire just gave away 28% of his net worth.

[Toxic2040]

Twitter CEO Jack Dorsey Pledges $1 Billion for Coronavirus Relief

https://time.com/5817083/jack-dorsey-pledges-1-billion-coronavirus-relief/

My favorite billionaire just gave away 28% of his net worth.

The guy is just a solid human being.

+1 WOsMerit Jack.