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

[vapourminer]

You need a new dentist mate. I had a zirconia crown fracture after only two years and my guy replaced it for free. If he was really hungover he might have a substance abuse problem and reporting him to the state dental regulatory authorities would be more productive than smashing a windshield (maybe not as satisfying but if you were caught on a surveillance camera you could have been arrested ... cameras are everywhere nowadays.)

ugg flashback to a dentist many decades ago that smelled like booze when i went in for an emergency major toothache. if it were not for the pain from the tooth i would have noped right out of there but the pain was paramount in at that point.

he did a good job, but i never went back again.

[1714778938]

1714778938

[1714778938]

1714778938

[vapourminer]

I get all that, but this is not an argument of exchange vs. no exchange, even when you decide to use an exchange, you do have other options. Why not use exchange (with all the same issues/risks as above) but doesn't have a history of trying to fuck BTC any chance they get? Kraken/Gemini have all the same issues but don't seem to actively go out of their way to screw with BTC

[re:coinbase]

i was/am planning on opening a gemini account but last i went to join they wanted my login to my bank. no thanks, coinbase does the two random transaction and you just confirm them. did that like 7 years ago and been there ever since.

yeah they are getting draconian. but its solely an on/off ramp for me. i dont send/receive coins to <wherever> from coinbase (ie i dont use it as a wallet). i xfer out when i buy, xfer in when i want to sell. doesnt mean they cant freeze it if they dont like where they came from. i have signed messages for some coins - mining payout addys mainly - if needed (never needed to show that though), and coinbase supplied the others.

and i do keep a bit there for trading. such as it is lately.

but youre absolutely right, coinbase is going downhill as far as snooping/chainanalysis/tracking and such. government must be loving it.

[AlcoHoDL]

I get all that, but this is not an argument of exchange vs. no exchange, even when you decide to use an exchange, you do have other options. Why not use exchange (with all the same issues/risks as above) but doesn't have a history of trying to fuck BTC any chance they get? Kraken/Gemini have all the same issues but don't seem to actively go out of their way to screw with BTC

[re:coinbase]

i was/am planning on opening a gemini account but last i went to join they wanted my login to my bank. no thanks, coinbase does the two random transaction and you just confirm them. did that like 7 years ago and been there ever since.

yeah they are getting draconian. but its solely an on/off ramp for me. i dont send/receive coins to <wherever> from coinbase (ie i dont use it as a wallet). i xfer out when i buy, xfer in when i want to sell. doesnt mean they cant freeze it if they dont like where they came from. i have signed messages for some coins - mining payout addys mainly - if needed (never needed to show that though), and coinbase supplied the others.

and i do keep a bit there for trading. such as it is lately.

but youre absolutely right, coinbase is going downhill as far as snooping/chainanalysis/tracking and such. government must be loving it.

IMHO, people often tend to exaggerate different issues they may have had, or have heard happening with exchanges. I've read many negative comments about Kraken. I've been with them for several years now, and have had an excellent customer service on the very few issues that arose. It is currently my no.1 choice of exchange.

[sirazimuth]

Folks tend to remember 100% of the time and whine about negative issues that occur 1% of time.
Because of course they do.
And don’t mention the other 99% of time when things run normal.
Because why would they?

[cAPSLOCK]

They ridicule the BTC camp for it's Raspberry Pi nodes and have embraced the idea that nodes (which for them are de facto miners) will be big server farms pushing the boundaries of storage space, network bandwidth and computational resources.

Well, yes. I get that many think that huge numbers of non-mining fully-validating clients bring security to the system. I just find such notions delusional.

In the end, the entities with the power are the entities with the most to lose - the miners. The thing that keeps the miners from acting nefarious is the threat of users -- measured by economic power, not by a numerical count of trivially sybillable validators -- abandoning their generated chain en masse. Which is the brilliant design left us by satoshi.

And even if non-mining validators _actually_ held any power: Why would we want to artificially constrain the potentially world-changing power of this network to a lowest common denominator of irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement? The notion is pure folly.

There is no doubt that validating nodes hold power. UASF proved that. 

The original paradigm was the miners both did the hash work and the consensus validation.  When the idea was 1 CPU 1 vote this meant both hasrate and consensus validation was distributed.  Upon the advent of ASICS harshpower began to centralize among the producers of the hardware as well as the large ASIC farms that became the current day miners.  But protocol consensus was still something users did not need specialized hardware to validate/support.  So that function branched off to be a list of users LAGER than those providing hashrate security.

This is a VERY GOOD thing in my opinion.

If both hashrate AND consensus validation coalesced to smaller and smaller group the network would be less robustly distributed.  But with the way the power is currently distributed we have a sort of "separation of powers" sort of like the US government.

If the network evolves too quickly and requires expensive, specialized hardware for BOTH Hashrate AND consensus and chain validation then we are introducing TRUST where we do not necessarily have to.

I, and many others, feel very passionately that the distributed nature of the power in bitcoin is worth defending.  Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

[kellrobinson]

[snip]

Jay, Jay, Jay.  So many questions.  Do you drink coffee all day?
The projection is a periodic function.  The peaks are equidistant on the time axis.

Looked like I accurately described the peaks of your previous graph, so probably we are looking at your own graph differently  - and yes, I am wearing my glasses.. so I would appreciate a more substantive answer because this is not about me, kell, kell, kell... *(your name has a violent rather than cheery feelening, by the way)

You're a nauseating fucking bore, annoying as a fly.
Chew on this
=10^(0.09336159*(A1923+(1-H$31*SQRT(1-((2*LN(MOD((O$31-A1923)/N$31,2)+1)/LN(3)-1)^2)))*I$31)^0.5-1.645486)/(1-((1-I$33/350)*(1-I$34/350)*(1-I$35/350)*(1-I$36/319)))/A$33

[BobLawblaw]

https://twitter.com/jimbocoin/status/1285951933476413440

[sirazimuth]

....
Chew on this
=10^(0.09336159*(A1923+(1-H$31*SQRT(1-((2*LN(MOD((O$31-A1923)/N$31,2)+1)/LN(3)-1)^2)))*I$31)^0.5-1.645486)/(1-((1-I$33/350)*(1-I$34/350)*(1-I$35/350)*(1-I$36/319)))/A$33

Ah....do as a constipated mathematician would do,
...work it out in logs....

[Hueristic]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those "neckbeards" created bitcoin to protect against the centralist bankers that BSV is bootlicking.

[JSRAW]

Bitcoin Is Not a Get Rich Quick Scheme, It Is Here to Avoid You Get Poor Slowly Over Time

Tldr : "BTC is the solution to get out of the vicious circle of the current system"

[JimboToronto]

Good morning Bitcoinland.

Flat as a pancake... currently $9358USD/$12568CAD (Bitcoinaverage).

Ho freaking hum.

Ah....do as a constipated mathematician would do,
...work it out in logs....

...with a pencil.

[xhomerx10]

Smithsonian Institution Explains that 'Rationality' & 'Hard Work' are Racist

What are these sinister aspects of “white culture,” you ask? Well, according to the Smithsonian, values like “hard work,” “self-reliance,” “be[ing] polite,” and timeliness are all a product of the “white dominant culture.” Indeed, it turns out that conventional grammar, Christianity, the notion that “intent counts” in courts of law, and the scientific method and its emphasis on “objective, rational linear thinking” are all proprietary to “white culture.”

Gag me with a maggot.

 As you wish - Casu Marzu a Sardinian delicacy.

 edit: È la morte sua

[cAPSLOCK]

I know this post will be disappointing to The Dude

But dammit.  We really just need one whale to come confirm that this is NOT a headfake.  The longer we go without that themore likely we are to deflate a bit.  I already have 90% of my net worth tied up in it.. I cannot help.

CMON CORN!

[Toxic2040]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those neckbeards created bitcoin to protect against the centralist bankers who BSV is bootlicking.

+1 WOsMerit

-----

Smithsonian Institution Explains that 'Rationality' & 'Hard Work' are Racist

What are these sinister aspects of “white culture,” you ask? Well, according to the Smithsonian, values like “hard work,” “self-reliance,” “be[ing] polite,” and timeliness are all a product of the “white dominant culture.” Indeed, it turns out that conventional grammar, Christianity, the notion that “intent counts” in courts of law, and the scientific method and its emphasis on “objective, rational linear thinking” are all proprietary to “white culture.”

Gag me with a maggot.

 As you wish - Casu Marzu a Sardinian delicacy.

 edit: È la morte sua

+1 WOsMerit

[vapourminer]

ok guess i need to forecast some numbers

up to 14k and down to 10k by november.

and if not i will..... er.. continue to shitpost.

[Toxic2040]

ok guess i need to forecast some numbers

up to 14k and down to 10k by november.

and if not i will..... er.. continue to shitpost.

+1 WOsMerit


its about all we can do for now


-------
bitcoin

Continued slow sideways crawl towards August and possibly until the November elections in the USA.

#dyor
1h


4h


20 60 120 30 cloud
D classic


D zoom 20 60 120 30

#stronghands

[Toxic2040]

how many more weeks until Au hits 2k?  almost feel like i need a roach post saying i told you so

[DaRude]

I get all that, but this is not an argument of exchange vs. no exchange, even when you decide to use an exchange, you do have other options. Why not use exchange (with all the same issues/risks as above) but doesn't have a history of trying to fuck BTC any chance they get? Kraken/Gemini have all the same issues but don't seem to actively go out of their way to screw with BTC

[re:coinbase]

i was/am planning on opening a gemini account but last i went to join they wanted my login to my bank. no thanks, coinbase does the two random transaction and you just confirm them. did that like 7 years ago and been there ever since.

yeah they are getting draconian. but its solely an on/off ramp for me. i dont send/receive coins to <wherever> from coinbase (ie i dont use it as a wallet). i xfer out when i buy, xfer in when i want to sell. doesnt mean they cant freeze it if they dont like where they came from. i have signed messages for some coins - mining payout addys mainly - if needed (never needed to show that though), and coinbase supplied the others.

and i do keep a bit there for trading. such as it is lately.

but youre absolutely right, coinbase is going downhill as far as snooping/chainanalysis/tracking and such. government must be loving it.

And for some reason you're supporting/funding those efforts. Here i googled this for you

...or if you’d prefer to not use your credentials, please select ‘Manually link bank’ to manually enter your banking information.

https://support.gemini.com/hc/en-us/articles/360033424912-How-do-I-add-a-bank-account-to-my-sub-account-

If you’re unable to add your bank account through Plaid (our 3rd party provider), then you’ll need to initiate a wire transfer to verify your bank.

https://support.gemini.com/hc/en-us/articles/115005752603-I-m-having-trouble-adding-my-bank

Looks like conbase is also using Plaid now, unfortunately privacy isn't free

[cAPSLOCK]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those "neckbeards" created bitcoin to protect against the centralist bankers that BSV is bootlicking.

It also hurts my soul that JB is parroting the talking points of the BSV drones. I mean, it's one thing if the argument is valid. But this is just as bad as the "thousand socks of nullc" talking point (quite the neckbeard by the way...).

And that's just it.  No one is making a coherent argument for that fork.  They bring up "protocol set in stone" as they change it.  They fall back on "Law(l) and courts".  Often you get to hear the "So many people are not smart enough to get it" or the "DYOR" argument.  The the abominable "CSW is SN" garbage.

Another one of my favs is Calvin running around accusing people LEFT AND RIGHT of being paid trolls.  I think Kevin Pham was OBVIOUS in that regard, and I have my suspicions that possibly Daniel Krawictz also was in that category.  I have NO DOUBT that various twitter "influencers" received compensation for something like that.  And his proclaimations of paid trolls sort of ignores the FACT that Bitcoin niether NEEDS or even cares about paid trolls.

What bitcoin HAS done is chew up and spit out just about everyone who has ever either purposefully (Pirate@40, so many others) or accidentally (Carpeles) attacked it.

[BobLawblaw]

https://twitter.com/whale_alert/status/1285986921278328834