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

[machasm]

I can’t post a decent screenshot from my phone, but the mem pool looks to be quietly building in the background.

https://jochen-hoenicke.de/queue/#0,3m

Organic growth, spam attack, or some processing deficiencies?

There have been some arguments, recently, for some kind of preference for the growth of a fee driven model, and this could be part of a movement in that direction (that seems to be preferred by some peeps).

Makes it more difficult to consolidate a bunch of small utxos, but how much (nearly free) consolidatings do people need to be doing?

Hashrate dropped after the halving with about 30%. Blocks are currently taking an average of 13 minutes instead of 10. Unique about this halving is that we need to wait 1008 blocks (which now might take 9.1 days instead of 7) to get to the next difficulty adjustment. The difficultly will then be adjusted (downwards) based on the average block time over the last 2016 blocks.  

https://bitinfocharts.com/comparison/bitcoin-confirmationtime.html#3m

This alone explains fees 30% higher than before the halving. From the whitepaper:

To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they’re generated too fast, the difficulty increases.

According to https://bitcoin.clarkmoody.com/dashboard/ there is only 341 blocks to go. We should be there in a couple of days.

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[nutildah]

Hahaha, ask Mindrust how listening to MasterLuc has worked out. 

For real. After being so wrong so hard, he should stop making charts for a while.

From what I noticed about "professional" TA people: they never look back unless they were right. It's always about selling people on their idea of what comes next.

[Arriemoller]

I would like to say a warmly felt THANK YOU! to all of you who wished me well, and thanks for the merits, that was unexpected.
Again THANK YOU!!

[Arriemoller]

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

[VB1001]

Welcome to crypto! Grab a @coinbase account when you're ready to use that Bitcoin (not just hold it),
and get into any of the many other cryptos out there

https://twitter.com/brian_armstrong/status/1261756512029958144

And don't forget the golden rule to get rich, buy in highs, sell in lows

[Last of the V8s]

Welcome to crypto! Grab a @coinbase account when you're ready to use that Bitcoin (not just hold it),
and get into any of the many other cryptos out there

https://twitter.com/brian_armstrong/status/1261756512029958144

And don't forget the golden rule to get rich, buy in highs, sell in lows

One thing that shows is that what Loomdart did works sadly, ie it's easy to pull the wool over nominally bright people's eyes in the twittersphere.

https://twitter.com/TheStalwart/status/1261779484203720706?s=20

[JSRAW]

Poor armstrong...

[nutildah]

Welcome to crypto! Grab a @coinbase account when you're ready to use that Bitcoin (not just hold it),
and get into any of the many other cryptos out there

https://twitter.com/brian_armstrong/status/1261756512029958144

And don't forget the golden rule to get rich, buy in highs, sell in lows

LOL. I notice the notLoomdart account is now suspended, but Brian Armstrong's tweet is still there. It's free real estate, that's why he won't delete it. Unfortunately Adam Back also replied to it.

This is pretty cringe-worthy as well, sent to the actual JK Rowling:

[Last of the V8s]

[nutildah]

ouch

[JSRAW]

^^ 
https://twitter.com/bennyjohnson/status/1260659624576835587

[Last of the V8s]

you can kick their balls but you can't touch them

https://mobile.twitter.com/o_rips/status/1261862882385334272

[Last of the V8s]

https://districtherald.com/tonight-we-riot-antifa-video-game-launches-for-nintendo-switch-and-steam/

The game’s glorification of violent communist tactics doesn’t stop there, players are also meant to unlock a “Haymarket Bomb” to kill a large number of police offers at once.

 

[Last of the V8s]

basically world is a fuck. suggest just

[fillippone]

Welcome to crypto! Grab a @coinbase account when you're ready to use that Bitcoin (not just hold it),
and get into any of the many other cryptos out there

https://twitter.com/brian_armstrong/status/1261756512029958144


<...>

What a disgrace to the bitcoin ecosystem is Coinbase.
Gullible CEO
Shilling shitcoin in a tweet where a famous person tells she’s buying bitcoin.
Not realising that is a fake account
Destroying user privacy tracking them before and after they interact with his exchange

[virasog]

basically world is a fuck. suggest just

[nutildah]

What a disgrace to the bitcoin ecosystem is Coinbase.
Gullible CEO
Shilling shitcoin in a tweet where a famous person tells she’s buying bitcoin.

True... and in a rush he uttered perhaps some of the worst advice that could possibly be given:

get into any of the many other cryptos out there

 

CMC currently lists 5,474 coins... Let's narrow it down to the top 1000. He's basically telling people to generate a random number between 1 and 1000 and choose that coin to invest in. I would almost think he was joking if he didn't say "open a Coinbase account."

[MFahad]

We need a treatment for covid-19 else after 50 years people will be talking and complaining that people in 2020 were so backwards that they can't even develop a vaccine.  

[ivomm]

Sunday pump?

[JL0]

Sunday Pump