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

[hv_]

Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

A hat-maker with an engwish teaching side gig, or the other way around?

Who proclaimed that jacks-of-all-trades had gone extinct?

 

Ooops, not my fav, spelling

But how could you be so picky? You accept Segwit as scaling...


Better comment on that one here


https://mobile.twitter.com/CalvinAyre/status/1263167631076364288

[hv_]

Also interesting is the mix of Legacy, Segwit and even BECH32 addresses this person is sending to...


The ~10 BTC went to these addresses:

3CPzatF5fHrda6SaJVnpsdM8ReunbhRYyd
0.00187200 BTC
32iioP88ffnQDUtQLgR2TeneK2RiNGjhtC
0.00092153 BTC
3N2z27HFzXLYNG2QtGiA1g8hzTwsLQjq1w
0.06425733 BTC
3466SWLR6wpswrCPWE7a6Gj7uSooWZA8dT
0.05126691 BTC
35WMsAG58119ye6FTd9ZkAMNZvrbHYrLHX
0.05111927 BTC
3BZ6fs86Q15kdAc8oTRsCXkUeQwJy7ARni
0.05604558 BTC
3LShdLyqZjCQJswWgex4PhGe5dnKPRC8Zx
0.00933665 BTC
32cA24MhovP8n3X8jpE6yARNgopnHVKi2S
0.04902684 BTC
3DFTcAnKCmLNz2Jw536k2kY6s1gwHe9JgN
0.00854000 BTC
36dGaGoULgTfLd3dqchvVt59TzuZ8A8HoR
0.00625983 BTC
1PqtE1V8EFPuN7jZf5zbe51at6GUUGrzxk
0.00226604 BTC
3QUwi2im7fedo8k3gNPs2qqtQcwYWkBU38
0.00024582 BTC
3JgrmCVDYpaYcWTPvKS2M5eN8MTuyS8wDN
0.00290000 BTC
3BrSh4hEZDvSkLCrrZZCYS47HDxMXN82jE
0.03477264 BTC
1GsVi5eTabfGz8Kkgs81UNRnv7WgEbr5KK
0.56343415 BTC
13v6cuXtSRwdm1yB2hCR9zsUBsSjF9Nrqq
0.31869107 BTC
1LjXYEQjmDvfzNKhvkb4P3HX73kK9ZXMbK
0.00639900 BTC
3Md17Vpawc8nd1yBaUzmxKLmL9Lm8gRy7m
0.02487816 BTC
1BCvhXjnrBcZmXNA5RAi4kg71fJLVsSiNr
0.01000000 BTC
bc1qv7vgajsy5d723uh63pxy3jg544aas4m7fkg87l
7.81380577 BTC
3Go4fXMoPHrkdPZaSpzNKvmGitEYKeGucL
0.01279741 BTC
1MfuwUBUrr6jx1hGPDLZkL59BhNV6E9SpU
0.00100000 BTC
3PEwSBxNj5tgmTAq6fFcfv9F3buz1Gk8fJ
0.00141571 BTC
3Ma2dFy5adxrt29MTrf7hEFtdSZ6YRe95W
0.00024059 BTC
39zZae7YnHW1cDGkjpaeknFaNYg9LEfAta
0.00511489 BTC
3L6kLgQYxxZxxSDEfFZmQNCGFDmb1DPgNr
0.02131954 BTC
1Fvbcyua3ioz1wWuLxbn83CBKKAqvww1x3
0.00230133 BTC
bc1qcqmapaez424zkdsv9lcd43xzumr5nr4uq4r4xc
0.87223930 BTC
33UZ4L9DrVPJsaqvhFdfm4vhPAC2aYvGCL
0.00044788 BTC
38jm767yhx3gszUTkJVmpRXkXRVyt3narh
0.00481582 BTC

This a mix of Legacy 1x Segwit 3x and native segwit bcX addresses.

And only two of them bech32.  With one of those getting 78% of the 10.

Of course this also might be the payee moving these, as has been mentioned this could be a 20% cut.  But how strange that would be.

Maybe to show to the world how messy btc got after Satoshi left?

Sigh

[jojo69]

 

[Wekkel]

Maybe to show to the world how messy btc got after Satoshi left?

Sigh

Freedom IS messy. We’ll just have to deal with it.

[DaRude]

Wut?
Coinbase from February 2009 has just been moved!

Someone moved the coinbase from block 3,654!
This is HODLING!

With a 80/20 split -- my guess is that someone professionally recovered the wallet password.    I've used a service, took 14 months to crack but they did it and took 20%.   This could be an old wallet.dat file that someone found and didn't have password.  

I think this is highly unlikely.  Possible, yes... but kind of the opposite of Occams razor.  Someone mining literally 1 month in?  The chances of this person losing their key is pretty slim.  This is a fairly rarified group of cypherpunks at that point.  Things like passwords and the like are in their blood.

Also it is extremely unlikely that this person needs to move those coins.

So that means this is being done for another reason.

And that is why the entire market just sneezed and is now holding it's breath.

I expect CSW comes out full bore shortly.  And one motivation for doing this would be to lay a trap for him.  I would LOVE TO SEE THAT.  Course, I guess this could also be the tip of the "rolling iceburg"? ROTFLMFAO.

The reality is whomever did this... there is 99% chance that this is all meta.  Know what I mean?  They are not planning on building a new swimming pool or something.

My bet is on Hal's estate, just selling some FIFO

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend. 

It is EXTREMELY unlikely that someone that holds keys to that early block would move those coins without knowing it was going to be a earthquake in the BTC community.  Which raises the likelyhood that they are doing it BECAUSE of that.  Not in spite of it.

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

[JayJuanGee]

Bitcoin remains the best investment on the block, even if more Armageddon-like circumstances end up playing out way more than we would have wished them to be.. and yeah there could be some shutting down of the internet and communications, too but is that really going to bring down the value of bitcoin and our ability to store it and perhaps transmit value from time to time, as needed in it?  Yeah, sure, buy yourself some guns, bullets and maybe even a bunker, and hopefully that does not take up too much of your current resources that you cannot keep a decent amount of your value in bitcoin a the same time..

wow and i though i was the doom and gloom guy. im far too small a target to worry. even us average folks have investments and advisers.

I was just playing along with some of the ideas that you presented in your earlier post, especially when you seemed to have been suggesting that "fuck you" status is more in the distance, difficult to obtain, or whatever that seemingly pessimistic assertion was intended to mean...    and accordingly, I was attempting to provide some extreme scenarios in order to suggest that even if we were to go to those kinds of extremes there are still likely to be ways to consider bitcoin continuing to have "fuck you" utility.

In other words, don't be giving up on king daddy.. you, vapourminer, or any other WO peep.... of course, since we are posting publicly, I am not merely referring to only you or your situation, vapourminer.. I am referring to the "everyman vapourminer" to the extent that any such beast might be imagined to exist.

[cAPSLOCK]

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

Seeing as they were tech savvy would they really be moving around coins from that far back?  Certainly dad had some coins he mined closer to the time that BCT post was written?  Ones much harder to identify.  Ones that would make MUCH less of a splash when moved?

If they wanted to take 100k out of their hoard would they not have tried to less conspicuous?  Would *my* opsec be better than Hal Finny's kids?  I am not saying the'd jump through hoops... I'm saying the'd have inherited some of dads smarts as well...

[JayJuanGee]

Meanwhile in other news - Roachie is getting screwed: https://markets.businessinsider.com/news/stocks/gold-ownership-illegal-inflation-spikes-economic-coronavirus-recovery-crispin-odey-2020-5-1029220541  Bullish news for BTC. HODLers not affected. Bitcoin - unconfiscatable...   

That would be dumb to make gold ownership illegal and thereafter cause a rush to bitcoin and just a BIG mess in general...   

Sure Government might explore all kinds of options and considerations but Governments are not so dumb that they would not at least attempt to think through the problem and the reactions, are they?

Comes off as a bunch of pie in the sky presumptions and arguments contained in the article.

[JayJuanGee]

Changed my summer holiday last night due to COVID19, we were due to stay in a villa in Tenerife. It was free to edit the holiday with the same company so to be safe I said to the girl to rebook for April 2021, I let the girl loose with the booking reference & when I ask where she booked she answers Mexico & it’s an extra £2500.

Fucking women, I hope r0ach doesn’t see this post.

When $10,000?

Id ve asked her to book a date when all accept Bitcoin to pay

than 10K

 then

 Than is used for comparison, then is used for time.  What you wrote can make sense using either then or than but they have entirely different meanings.

 Of course I could be mistaken in what you meant to say; it's better then than than then.

A hat-maker with an engwish teaching side gig, or the other way around?

Who proclaimed that jacks-of-all-trades had gone extinct?

 

Ooops, not my fav, spelling

But how could you be so picky? You accept Segwit as scaling...


Better comment on that one here


https://mobile.twitter.com/CalvinAyre/status/1263167631076364288

Based on your response, hv_ a few examples come to mind, such as my wondering:  

whether calvin more retarded than hv_?  

or
whether hv_ more retarded than craig?  

or
whether craig more retarded than calvin?

It would be a difficult task to attempt to rank these, no? 

[Wekkel]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

[jojo69]

[cAPSLOCK]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

This is, in my opinion, one of the more likely reasons these coins would have moved.  The person making these waves and taking this opsec risk HAS to have a good reason to do it.  

And if that *is* the reason, then i for one applaud them.

[bkbirge]

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

Thanks for sharing. I don't think the premise is that conclusive (other than CSW is full of it) but it did lead me to this reddit post that I think is awesome...
https://www.reddit.com/r/Bitcoin/comments/gmzbc0/i_finally_understand_it/

That’s when it hit me. Now I understand why people on nations that is f*cking their money up buys BTC, it saves it from inflation! Recently the Halving happen and it hit me again, Bitcoin is a deflationary money! Every day it becomes a scarce resource, but the demand is the same, making the price go up! Bitcoin is not the future, it’s the present! It puts me in the control of my wealth instead of a bunch of incompetent nations and politicians!

[sirazimuth]

I remember some of you guys used to grin a lot... How's your sh!tcoin doing?


18 Months In, Few People Use, Mine or Buy Privacy Coin Grin

https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

Give it another year.

Ha! Been mining that shit grin straight to an exchange ever since it launched.
Then like once a month I log in and dump it all for bitcoin,
(Still don’t have a clue how to send or receive it, (grin) but who cares)
which keeps my hot wallet stocked with (accumulating) bitcoin dust.
One way to indirectly “mine” bitcoin with video cards I suppose.

Did you ROI?

I told people since day one to wait a few years before buying but you know, FOMO be a b1tch.

ROI?  What’s that? Lol I kid (as usual)
Tbh I really don’t know as I don’t bother keeping track as we are only talking penny jar proceeds.
It’s more just for shits and giggles in my old age.
The cards I’m using (three 1070’s) I purchased ages ago and have mined various shitcoins over the years.
All dumped for bitcoin.
It’s the mining aspect that got me into bitcoin in the 1st place.
I actually mined bitcoin with S4’s back in 2015 and that DEFINITELY roi-ed and then some.
Sold the miners (another story) when diff was too high but still hodeling the coins.
Then just reverted back to mining with video cards to satiate my mining addiction.
(And dumping for king daddy...of course)

[jbreher]

And technically it's still 1MB in the code, we just don't have to include all of the transaction data we used to, so we can squish more in.

Well, not really. It's still more than 1MB of data in the block. Relabeling it as some sort of loosey-goosey 'weight' does not change this fundamental reality.

[jbreher]

Bitcoin transfers are instant.

If you are speaking of BTC, that ceased being true upon the activation of RBF.

[Last of the V8s]

ccmf https://i.imgur.com/2uqP5hJ.mp4

[Wekkel]

ccmf https://i.imgur.com/2uqP5hJ.mp4

Step by step, Bart by Bart 

[Indymoney]

ccmf https://i.imgur.com/2uqP5hJ.mp4

Very good stuff after halving bubble 

[jbreher]

This is possible.  But it seems unlikely to me.  Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend. 

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.