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

[DaRude]

Well i didn't say shoot him, if he knew about coinbase and still used them, then it should be an automatic death sentence. As far as 5 wires, would make sense to limit 3rd party exposure, but looks like he kept the coins on coinbase so yeah, jail him

I would lend my support to driving a steam roller with spiky wheels 119 times over his face.

I dig that, new anti-coinbase enforcer. Oh you use coinbase, and you admit it? Well, step right here...

[xhomerx10]

whats up with the mempool??

Hashrate @ath and still we are congesting?

Hashrate has nothing to do with how quickly we clear the mempool.

Well, I suppose if the recent difficulty adjustment was higher than today's current hashrate we could see block times slow down just a little... but that's also normal.

Difficulty is a tad too high, block times remain wonky. Somebody sent me a 4 sat/byte tx 2 days ago and it still hasn't confirmed :/

Is 4 sat per byte too low to run through Via Bitcoin free transaction accelerator?

 Yeah, ViaBTC has a minimum of 10 sat/byte (0.0001 BTC/kB) requirement.  You can pay to accelerate but the fee is payable in BCH  and you have to sign up for an account with them as well 

[Elwar]

Capital Gains tax holiday

https://americanindependent.com/larry-kudlow-tax-cuts-coronavirus-stimulus-donald-trump-economy-capital-gains-covid-19/


Step 1: Cash out all bitcoin on Capital Gains tax holiday
Step 2: Buy all bitcoin back the next day.
.
.
Step 4: Pay capital gains only on the price at current levels instead of on $100/BTC.

[fillippone]

Market sensitive news:

*Moderna CV19 Vaccine Produced Antibodies in All Patients Tested*

-Moderna Inc.’s Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, federal researchers said.
The neutralizing antibody levels produced were equivalent to the upper half of what’s seen in patients who get infected with the virus and recover
-The Moderna vaccine is one of the farthest along for Covid-19.
-Final-stage trial of RNA vaccine slated to start on July 27th

2 possible caveats :
-the initial trials hint at substantial side effects
-the sample was only made of patients who are from age 18 to 55.

[cAPSLOCK]

Capital Gains tax holiday

https://americanindependent.com/larry-kudlow-tax-cuts-coronavirus-stimulus-donald-trump-economy-capital-gains-covid-19/


Step 1: Cash out all bitcoin on Capital Gains tax holiday
Step 2: Buy all bitcoin back the next day.
.
.
Step 4: Pay capital gains only on the price at current levels instead of on $100/BTC.

As much as I like that law at first glance it would CRUSH markets.  Decimate them.

They should let each investor do it on their birthday.

[Biodom]

Capital Gains tax holiday

https://americanindependent.com/larry-kudlow-tax-cuts-coronavirus-stimulus-donald-trump-economy-capital-gains-covid-19/


Step 1: Cash out all bitcoin on Capital Gains tax holiday
Step 2: Buy all bitcoin back the next day.
.
.
Step 4: Pay capital gains only on the price at current levels instead of on $100/BTC.

As much as I like that law at first glance it would CRUSH markets.  Decimate them.

They should let each investor do it on their birthday.

yea, cap gains tax holiday is impossibru...

[Hueristic]

Well i didn't say shoot him, if he knew about coinbase and still used them, then it should be an automatic death sentence. As far as 5 wires, would make sense to limit 3rd party exposure, but looks like he kept the coins on coinbase so yeah, jail him

I would lend my support to driving a steam roller with spiky wheels 119 times over his face.

118 sure, but 119 just seems excessive.

[lightfoot]

Capital Gains tax holiday

https://americanindependent.com/larry-kudlow-tax-cuts-coronavirus-stimulus-donald-trump-economy-capital-gains-covid-19/


Step 1: Cash out all bitcoin on Capital Gains tax holiday
Step 2: Buy all bitcoin back the next day.
.
.
Step 4: Pay capital gains only on the price at current levels instead of on $100/BTC.

This would be God-like. Technically you could cash out, buy the coins the next day, then renounce your citizenship and pay not a fucking whit!

[lightfoot]

Market sensitive news:

*Moderna CV19 Vaccine Produced Antibodies in All Patients Tested*

-Moderna Inc.’s Covid-19 vaccine produced antibodies to the coronavirus in all patients tested in an initial safety trial, federal researchers said.
The neutralizing antibody levels produced were equivalent to the upper half of what’s seen in patients who get infected with the virus and recover
-The Moderna vaccine is one of the farthest along for Covid-19.
-Final-stage trial of RNA vaccine slated to start on July 27th

2 possible caveats :
-the initial trials hint at substantial side effects
-the sample was only made of patients who are from age 18 to 55.

This is good!

[CryptoYar]

1h




https://www.coingecko.com/en/coins/bitcoin/usd#panel

[jbreher]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Wow.   Maybe we should have a poll on the topic jbreher?

Knock yourself out, though I don't see the relevance.

You summoned me indicating I like to 'support' coinbase.
Hueristic suggested it is because i like centralization and trusted third parties.
I pointed out that Hueristic's assertion was without merit.
Hueristic doubled down by conflating BSV with Coinbase.
I asked for an elaboration, as all exchanges are by definition centralized third parties, and that the BTC and BCH protocols are exactly as centralized as each other.
DaRude butted in in his/her typical clueless manner with 1) 'Kraken and Gemini', seemingly utterly ignorant of the fact that both these are also centralized trusted third parties; and 2) piled on implying I was changing the definition of decentralization.
I responded 1) asking how Kraken or Gemini are less centralized than Coinbase; and 2) asked for his/her definition of 'decentralization'.
DaRude then totally whiffed an answer, addressing neither of the points in discussion.
I responded pointing out that DaRude has addressed exactly zero of the points in discussion.
And full circle, you wade back in with irrelevancy about some poll.

That about sum it up? Yup, shore duz.

So after all that, to the point of you summoning me: yes, for my purposes, Coinbase is the proper exchange for me. Yes, it is a centralized trusted third party. AS IS EVERY FUCKING OTHER EXCHANGE.

As to the other topic somehow conflated in with the other. Yes, I understand that a good lot of you ascribe to the dogma that lotsa lotsa non-mining fully-validating clients equates to MOAR DECENTRALIZATION. Regardless of the relative amount of decentralization on any of a large number of other axes. And that lotsa lotsa minus one means that the entire system is in peril. You are of course wrong on both counts, but I get that all y'all think so. My point here is not to argue about that. It is to point out that your measure of centralization has fuck-all to do with any technical aspect of the coin/chain/client/code. It merely reflects the preferences of the market at this point in time, which is nothing more than the individual personal preferences of scads of individuals within the marketplace at this point in time.

Y'all are acting high and mighty about a state that is not due to anything fundamental, but rather due to collective whimsy.

So now that ONCE AGAIN, I have been incrementally goaded into stating my position AGAIN, lest idiots be allowed to put words in my mouth, are ya happy?

Didn't think so.

[jbreher]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Coinbase is [...]

The topic on the table, DaRude, is not the ways Coinbase is evil, with the sole exception of them being centralized and trusted third parties. Stick to the goddam topic, ya ninny.

As far as centralization, see, it's a common knowledge that BTC is more decentralized than BSv...

Lacking a common definition of 'decentralization', no. It is not 'common knowledge', as these aspects depend upon what the meaning of decentralization is.

Seeing as you are too pea-brained to even have a definition which allows your brain to classify things along a decentralization spectrum, I suggest that 'you're outta your element, Donnie', and you may as well forfeit the discussion.

[jbreher]

So I have tried a few times to download the Coinbase app needed to sign up for the Coinbase debit card. Each time I get "This is not supported in your country".

I use a VPN to set my IP in the US so is it not supported in the US? Or is it somehow detecting that I'm really in Panama?

Also, I finally got around to filing my extortion papers for the IRS.

Getting married helped keep me from needing to pay any taxes.

Land of the free...where you have to file your taxes even if you haven't stepped foot in the country all year.

You could renounce your citizenship, but you may well be anticipating getting some income such as social security or maybe you are receiving some other pension, which makes it a BIGGER trade off to renounce.

I am not saying that I agree with world-wide income taxation, and surely there are trade-offs with any system whether we are referring to taxation or other matters of figuring out if you get benefits or will get benefits in the future.   Sure, you likely subscribe to one of those libertarian views, and you have already admitted to it, and sure I have issues with libertarians trying to spin matters with out accounting for how to deal with various public goods, but you surely did not start your propounding of libertarian ideas in your teenage years, so you have some issues with your having had made too many USA connections in terms of either prior employment or your desires to return to the USA or to travel around the world with a USA passport causing you to be unwilling to renounce your citizenship.. because it will likely cost you more than what you are willing to admit to because you want to spin the taxation matter in one direction (sure we all have concerns about taxation how their spent and from whom they are collected).

To renounce my citizenship would require paying taxes on the total value of all of my bitcoin holdings as if I sold them the day I renounced. The thought of the amount of brown skinned people in far off lands who's skin will be burned off using my money does not sit well with me.

My thought is that the US will collapse in the next few years so it is not necessary to renounce my citizenship. US citizenship will cease to exist. Then I can just not sign onto the America 2 (the electric boogaloo) citizenship.

But not to worry. I filed this year so when you leave your house in the morning there will be roads.

Would relocating to Puerto Rico be an option, or got to pay taxes when leaving mainland either way?

Becoming a PR resident has significant tax benefits. Unique ones at that. But you'd still be a citizen of the USA. And subject to all that entails. Only one of which is Congress' ability to rescind the special tax exemption granted to -- only to -- residents of PR.

Seeing as there is new active discussion about rescinding the Jones act, this may open up a host of new considerations there.

[El duderino_]

ICYMI: US housing market perfectly fits Stock to Flow Cross Asset Model (S2FX) with S2F95 and $33.6T market value. h/t @harrigan_pete
medium.com/greyswandigita…
https://twitter.com/100trillionusd/status/1282972307921580032?s=21

[Phil_S]

meh...

[Biodom]

PR deal is not that exciting..there is time limitation (2035 or something like that), a need to be there physically 183 days each year, the possibility of a law change, the fact that it does not apply to gains that you already have, etc, etc.

[Cryptotourist]

And yes, collusion between three miners is sufficient to amass 51% hashpower on the BSV network today. While such collusion on the BTC network would require the astronomically higher number of four.   

Struggling with this one jb.

Calvin, Craig and the leading BSV dev makes three. Sure.
But four!? You mean pools?

Also there is that cost thingy...

[DaRude]

jbreher likes to pump them up too, I wonder why that is?    He might want to chime his picnic bear ass into the mix, as well.    

He tends to support centralization and trusted third partys for some unknown reason.
Makes me wonder sometimes why he supports bitcoin?

Examples would be helpful in buttressing your claim.

You support Coinbase and BSV, do I really need to add anything more than that?

Yes, you do. Coinbase as opposed to what? Binance? BitFinex?

BSV as opposed to what? BTC? From a fundamental analysis they are exactly as centralized as each other.

Kraken and Gemini

In what manner are Kraken or Gemini more decentralized than Coinbase?

Why do BSvers always try to redefine the definition of decentralization? Are there no arguments you can come up with that don't require redefining meaning of words?

What the fuck are you babbling about now? As you seem to be accusing me of redefining 'decentralization', perhaps you might be so kind as to provide me with your personal definition thereof.

Umm the decentralized part was referring to BTC vs your scamcoin, and not the exchanges. The exchanges were suggested as alternatives to Coinbase, seems like everyone got that part except for you.

Still waiting for your:
1) explanation of how Coinbase suffers more as being a trusted third party than is Kraken or Gemini; and
2) personal definition of 'decentralization', so we may continue this discussion in a rational manner.

Coinbase is [...]

The topic on the table, DaRude, is not the ways Coinbase is evil, with the sole exception of them being centralized and trusted third parties. Stick to the goddam topic, ya ninny.

As far as centralization, see, it's a common knowledge that BTC is more decentralized than BSv...

Lacking a common definition of 'decentralization', no. It is not 'common knowledge', as these aspects depend upon what the meaning of decentralization is.

Seeing as you are too pea-brained to even have a definition which allows your brain to classify things along a decentralization spectrum, I suggest that 'you're outta your element, Donnie', and you may as well forfeit the discussion.

jbreher you feeling alright? you were the one who put up the claim that some shitcoin, who's market cap is less than bitcoin's daily volatility, is as decentralized as BTC, and then you're asking me to define decentralization? No one asked you, you laid a claim, man up, and explain your position and at least try to back it up with some metrics if you want to be taken seriously. Like i said, claiming that earth is flat and then asking us to define flatness, and then questioning said definition taking into the account spacetime continuum won't fly here, we're not noobs. I'll entertain a troll but i won't feed him

[Paashaas]

2e accumulation phase will end in 3....2.....1.....

[Globb0]

Does this sound familiar?

People who talk at places like "Harvard" or maybe "Oxford university"

https://www.youtube.com/watch?v=UwftRRc7EbI&fbclid


But its all a big fraud, not really at the place it pretends to be.


All the audience are also only there for their own "Marketing material"


Fraud people