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

[Paashaas]

34 brothers, the dude is getting drunk older :-)

Verjaardagen zijn net als wijntjes; je geniet er meer van als je niet telt hoeveel je er al gehad hebt.

Vandaag is de dag die jij vieren mag. 34 jaar dit keer, doen de rimpels al zeer? Je bent namelijk ouder dan gister maar jonger dan morgen!

Van harte gefeliciteerd mijn Belgische buurman!

(Currently to lazy for translation, i wished El duderino a happy birthday.)

[lightfoot]

Meantime 9700ish is not bad. I'd prefer a more relaxed run to 10k and 15k then bursts that then become busts....

[bitebits]

Truly mind-boggling indeed.

https://twitter.com/pwuille/status/1268467586422853641 (thread)

I had missed this.

With block 632874, around a day ago, the expected cumulative work in the Bitcoin blockchain surpassed 2^92 double-SHA256 hashes (with a standard deviation around 1.4*2^83).

#4951760157141521099596496896hashes

Previous such events:

2^91, Aug 2019
2^90, Nov 2018
...

Of course, these days we add 2^57 hashes - as much work as was done ever by november 2010 - every 1.3 milliseconds on average...

Also mind-boggling: since we passed 2^92 about 21 hours ago, we've added almost 2^83 more hashes - equal to the total number by early 2016.

#actuallyexponential
#atleastfornow

[VB1001]

Every sat you stack is an act of resistance.

https://twitter.com/hodlonaut/status/1268525316894527491

[Torque]

Well some high profile studies do say that police brutality is linked to the 1033 weapons transfer program. There's a lot more that has been said on this subject over the years, so much so in fact that I find it hard to believe you have not seen the link before.

https://www.cato.org/blog/militarization-makes-police-more-violent

Earlier this year [article is from 2017], a study conducted by researchers from Harvard, Stanford, Cincinnati, and Gardner‐​Webb concluded that the Pentagon’s 1033 weapons transfer program made participating departments more likely to engage in deadly violence. After receiving 1033 gear, departments were more likely to kill civilians as well as dogs.

https://journals.sagepub.com/doi/full/10.1177/2053168017712885

As for policy, our results suggest that implementing the EO to recall military equipment should result in less violent behavior and subsequently, fewer killings by LEAs. Taken together with work that shows militarization actually leads to more violence against police (Carriere, 2016; Wickes, 2015), the present study suggests demilitarization may secure overall community safety.

[El duderino_]

Thx WO brothers .... resto’s opening at 8june..... so having a dinner with GF, friendly couple aaaaaand lots of booze

Cheers and gogogogo BTC

[AlcoHoDL]

34 brothers, the dude is getting drunk older :-)

Happy B-day dude!

Hope we reach ATH before you're 35! 

[xhomerx10]

Thx WO brothers .... resto’s opening at 8june..... so having a dinner with GF, friendly couple aaaaaand lots of booze

Cheers and gogogogo BTC

 Happy birthday El Dude!
Cant wait for the pending dinner pics. 

[bkbirge]

Well some high profile studies do say that police brutality is linked to the 1033 weapons transfer program. There's a lot more that has been said on this subject over the years, so much so in fact that I find it hard to believe you have not seen the link before.

https://www.cato.org/blog/militarization-makes-police-more-violent

Earlier this year [article is from 2017], a study conducted by researchers from Harvard, Stanford, Cincinnati, and Gardner‐​Webb concluded that the Pentagon’s 1033 weapons transfer program made participating departments more likely to engage in deadly violence. After receiving 1033 gear, departments were more likely to kill civilians as well as dogs.

https://journals.sagepub.com/doi/full/10.1177/2053168017712885

As for policy, our results suggest that implementing the EO to recall military equipment should result in less violent behavior and subsequently, fewer killings by LEAs. Taken together with work that shows militarization actually leads to more violence against police (Carriere, 2016; Wickes, 2015), the present study suggests demilitarization may secure overall community safety.

Weak argument.

The gear fosters a mindset. The mindset fosters conflict. The conflict fosters brutality. This shouldn't be hard to understand.

Also, no one has claimed limiting the 1033 program will make police brutality disappear completely. The data however says it would help. Reduction is a good goal.

[Torque]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

[JayJuanGee]

.....4 more blocks until a -9% difficulty reduction.
Bitcoin working as designed and all is well.

I really really hope the courts in Florida throw the fucking book at him.  He has wasted a lot of taxpayer money in my country.

Looks like we got your >9% decrease.  Might be enough for some marginal miners to come back on.  In fact if this is the bulk of post halving stabilization, i am frankly surprised.  Too easy really...

Hash power up and down through the first six months of the year, but the current hashpower is largely the same as it was at the beginning of this calendar year.

There are likely some miners who are only borderline profitable at these rates and are having some dilemma regarding whether they should turn on their machines.

Meantime 9700ish is not bad. I'd prefer a more relaxed run to 10k and 15k then bursts that then become busts....

Odds are quite low that there would be any kind of gradual movement in the BTC price especially going all the way up to $15k... holy shit.....
, but never say never..

I would expect there to be some battles in the 2019 high levels around $13,880-ish.. and sure, getting above $12k might clear the path to make $13,880 easy-peezy... I am not going to prejudge too much.. (but I will prejudge a little).

For about two years now, I have been asserting that getting above $17.5k-ish would likely clear the path for breaking ATH... so I would expect a certain amount of battle to try to prevent BTC prices from getting above that mid-$17k arena.

I cannot really imagine very many scenarios in which there would not be some kind of an accompanying shitcoin pumpening; however, one scenario could be some kind of major issue with ethereum's phony-ass transition to 2.0 (which not even they want to do), which could allow for BTC to be somewhat reversely correlated to shitcoins (which would be the preferred scenario, that just seems to have low odds, too)... so I am still thinking that several shit projects are somewhat coming along on part of the BTC ride UPpity, at whatever point the UPpity really starts to move (presuming that it is going to at some point, soon-ish^tm)

[OROBTC]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

There does seem to be a lot of rhetoric re a reset.  Look for JUBILEE to become heard a lot more too.

The wealthy elites only seem to suffer in a revolution.  Revolutions are typically a bloody mess.  We don't want them.  Reform instead.

Hard to see meaningful reform anytime soon though.  Buy BTC and buy gold.  IMO.

more ammo too

[yefi]

Governments are printing money like Brrrrrr in an attempt to save economies.  The boatloads of money being freshly minted have to go somewhere so it's not surprising markets appear to be doing well.  The surprise will come later when you're paying twice as much (or more) to put food on the table.

It's that massive financial engineering to try and make everything rosy that makes it so unnerving. It's like the games Karpeles played on Gox to try and recuperate the gaping hole in the balance sheet, "I'll make everything rosy," he said to himself. But what followed was disconnect and collapse.

[JayJuanGee]

Politicians are already getting busy spinning the upcoming worldwide "Great Economic Reset" as a wonderful thing:

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset

But mark my words, middle class wealth will be destroyed in the process, and middle class and lower class debt will continue to grow. The wealthy elites will suffer nil.

#BUYBTC

There does seem to be a lot of rhetoric re a reset.  Look for JUBILEE to become heard a lot more too.

The wealthy elites only seem to suffer in a revolution.  Revolutions are typically a bloody mess.  We don't want them.  Reform instead.

Hard to see meaningful reform anytime soon though.  Buy BTC and buy fuck gold. #nohomo  IMO.

more ammo too

I merited your above post because I agree with everything you said; nonetheless, I suggest to amend that we: "fuck gold", instead of buying it. (similar to how we would fuck the police; to be noted: infofont's version)


 

 

[OutOfMemory]

Thx WO brothers .... resto’s opening at 8june..... so having a dinner with GF, friendly couple aaaaaand lots of booze

Cheers and gogogogo BTC

 Happy birthday El Dude!
Cant wait for the pending dinner pics.  

Hey, we wanna see (at least a part ...no, no.I didn't mean this part, for sure... *g*) of the dude's new queen, too!  

Happy B-Day from me, too El_duderino!  
Lemme just tell you that 34 is not old at all. Even 10 years older is still not old.
It's just 34 years of growing experience and Tao, that is  
Every morning is a new birthday, the birthday of another series of new experiences in a unique human life.

[Torque]

Governments are printing money like Brrrrrr in an attempt to save economies.  The boatloads of money being freshly minted have to go somewhere so it's not surprising markets appear to be doing well.  The surprise will come later when you're paying twice as much (or more) to put food on the table.

It's that massive financial engineering to try and make everything rosy that makes it so unnerving. It's like the games Karpeles played on Gox to try and recuperate the gaping hole in the balance sheet, "I'll make everything rosy," he said to himself. But what followed was disconnect and collapse.

Yep, just look at a stock chart of any country that's encountered mass monetary inflation and then hyperinflation (Venezuela, Zimbabwe, etc.) , and you can see where the new hyper-printed fiat goes. Inflation in equities = hockey stick melt up. Western economies are still just at the beginning stages of the same thing... but it'll accelerate soonish

[JimboToronto]

The wealthy elites will suffer nil.

#BUYBTC

The new wealthy elites. Hodlers.

Meanwhile: $9888 Stamp.

C'mon 5 digits.

[OutOfMemory]

I watched that twice... I still don't understand what he's saying and I'm not sure he does either.

Satoshi.... rofl

He's describing signing such as is used in https ssl certificates. Bitcoin signing is completely different. He knows the difference, but someone called his bluff and he has to create another lie to cover it up.

As long as he has enough shillers to follow, they will spread every of his messages.
Either BSV goes zero, its network becomes unoperable or Craig goes to jail. Then eventually, the story of BSV may end.
But it's a part of bitcoin, too, since it's value practically comes from bitcoin through the chainsplit.

[Icygreen]

https://www.globenewswire.com/news-release/2020/06/02/2042081/0/en/Velocity-Announces-Discovery-of-New-Gold-Zone-and-High-Grade-Gold-Drill-Results-from-Obichnik-Gold-Project-Bulgaria.html

We rich now

Gold machine go Brrr..
Interesting, Bulgaria. Isn't that the government that confiscated and 'lost' 213K BTC.   Maybe they're just diversifying.

[Torque]

Good thing all those stimulus checks got the public spending like crazy again!

Oh wait...lol.