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

[BobLawblaw]

Look what happened to Bob....   

You're a giant piece of shit, with nothing to back up your overinflated ego.

Please tongue my asshole clean.

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[jojo69]

[jbreher]

Your turn. What is the definition of decentralization to which you adhere, DaRude? Hmmm?

Riiiight, that's just you bitching about nodes, still not seeing you defining decentralization, and criteria that you used to come to conclusion that BTC and BSv are as decentralized? Surely you're not just putting out claims without backing them up  

Still dodging, eh? Nothing to offer?

Huh, YOU claimed that both coins are equally decentralized, i asked for you to back it up, and you're asking me to define decentralization?

Yes. I quite clearly specified in what way I see it as such. You, OTOH, keep clinging to nothing other than 'but muh decentralization', with no explanation as to what you mean by such. Ball's in your court Bucky. Can you volley?

Ahh and there we have it. So following your logic and your definition of decentralization, BTC is as decentralized as BCD (Bitcoin Diamond)?

Well, no. As you would know, if you had more than two brain cells to scrape together, BCD is not a SHA256 coin. As such, it has no meaningful ties to the satoshi legacy.

Keep trying, tho. Maybe some day you'll arrive at an incisive observation.









Maybe.

[jbreher]

planning on opening a gemini account but last i went to join they wanted my login to my bank.

See that's the funny thing. I'm not taking advice on whom to be (one of my) my on/off ramps from some wahoo with not enough crypto to buy a decent used car.

edit: upon rereading, it would seem that I was castigating vapourminer as being penniless. Nay, that was meant to be directed at vapourminer's accusers.

[jbreher]

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

Well, no. It proves nothing, as the battle was never fought.

The original paradigm was the miners both did the hash work and the consensus validation. 

Yup.

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.

Are you about to tell me that Satoshi never foresaw a day where 'maintaing the chain was the job of specialized servers, allowing users to just be users'?

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.

More power to your imaginary sky cavalry.

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.

Well, it's not so much that the majority of fully-validating non-mining clients are run by economically useless riffraff, it is more the fact that the network is dumbed down to the point that economically useless riffraff govern the capacity of the system.

If you can't see how futile that is, god help us all.

[Heater]

Source:
https://twitter.com/webRat/status/1286141734557298688?s=20

[jbreher]

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

Hah. Al three a yas missed the point. Congratulations.

[jbreher]

No one is making a coherent argument for that fork.  

This is the coherent argument: Simply Bitcoin. Unhindered by some stupid insane production quota upon transaction capacity.

None more need be said.

[Toxic2040]

yea...egos..hmmm     


no points missed little bear..just hearing you spew the same story for years has kinda numbed the message if you know what i mean

props for trying to stay on point however....   

None more need be said.

might be the second time in years i agree with you   

[jbreher]

TSLA stock is at 300bil valuation. IMHO, a crazy mania, indeed.
https://www.wsj.com/articles/tesla-charged-up-but-going-nowhere-11595454092

Thank g-d, I never shorted it.

Haha. Indeed.

Rickards was telling me to short TSLA. He's got some good insights, but I didn't follow him on this one. Not due to any inherent value of TSLA as an ongoing industry. But as they say, the market can remain crazy longer than you can stay solvent.

Well, that plus Elon is a special sort. Don't know why, don't much care. But I sense he'll do things greater yet in the future.

[Toxic2040]

TSLA stock is at 300bil valuation. IMHO, a crazy mania, indeed.
https://www.wsj.com/articles/tesla-charged-up-but-going-nowhere-11595454092

Thank g-d, I never shorted it.

Haha. Indeed.

Rickards was telling me to short TSLA. He's got some good insights, but I didn't follow him on this one. Not due to any inherent value of TSLA as an ongoing industry. But as they say, the market can remain crazy longer than you can stay solvent.

Well, that plus Elon is a special sort. Don't know why, don't much care. But I sense he'll do things greater yet in the future.

What I find fascinating is the similarities between the auto industry and the banking industry...both blindsided by emergent technologies. To a lesser extent the airlines are on the edge of something similar for international travel with the advent of SpaceX and Starship.

I think TSLA will have a trillion dollar valuation in the not so distant future. ICE technology will be relegated to local car shows and those crazy neighbors you know that keep horses around for that occasional ride in the summer.

[bitebits]

I've just bought a new monitor at Newegg.com, and paid with Bitcoin. 

Payment went thru smooth and fast. Much better than using my local (Argentine) credit card, asking for authorization for a payment abroad, and informing my unfriendly gov about any usd movements.

The only drawback is that i spent my precious hodled satoshis. Now a frenetic bullrun will surely begin.. This is going to be the more expensive monitor ever (0.07 BTC for the records).

dont look back javi...its pointless   I could pull my hair out if I had any left for some of the purchases I made in the past

buying asics and video cards for over 1 btc each..sometimes dozens..  a truck I paid over 30 btc for...it goes on and on..

life is short..enjoy your new monitor and keep stacking man

Don’t you guys buy and replace? Each purchase paid with bitcoin I immediately buy back on an exchange. And add some extra just to be sure, so you could say I have more sats because I actually do pay in bitcoin from time to time.

[El duderino_]

Damn that man didn’t bought enough corn

[kurious]

Damn that man didn’t bought enough corn

Maybe less car and more corn is wise right now..?

[Phil_S]

[BlackHatCoiner]

After pandemic. 

[DaRude]

Your turn. What is the definition of decentralization to which you adhere, DaRude? Hmmm?

Riiiight, that's just you bitching about nodes, still not seeing you defining decentralization, and criteria that you used to come to conclusion that BTC and BSv are as decentralized? Surely you're not just putting out claims without backing them up  

Still dodging, eh? Nothing to offer?

Huh, YOU claimed that both coins are equally decentralized, i asked for you to back it up, and you're asking me to define decentralization?

Yes. I quite clearly specified in what way I see it as such. You, OTOH, keep clinging to nothing other than 'but muh decentralization', with no explanation as to what you mean by such. Ball's in your court Bucky. Can you volley?

Ahh and there we have it. So following your logic and your definition of decentralization, BTC is as decentralized as BCD (Bitcoin Diamond)?

Well, no. As you would know, if you had more than two brain cells to scrape together, BCD is not a SHA256 coin. As such, it has no meaningful ties to the satoshi legacy.

Keep trying, tho. Maybe some day you'll arrive at an incisive observation.


Maybe.

Ahh right i see, so then by your definition of "decentralization" BCD is even more decentralized than BSv because it's NOT using SHA256? Or wait no, because our one and only true god Satoshi chose SHA256, and since all other POWs don't have ties to satoshi legacy that in itself must make them all less decentralized, is that how we compare your definition of "decentralization"? And that must mean that my sha256 jbreher_shit_coin is not only as decentralized as bitcoin, but now even more decentralized than ETH? Awesome, i can use it on marketing to get noobs in!

jbreher_shit_coin even though i'm running it on one laptop, it's now even more decentralized than Ethereum!!!
PM me to buy yours NOW!!!*

*according to jbreher idea of decentralization. Only accept bitcoin And it's still better than BSv

Bear you're getting desperate and loosing your touch, you used to make some decent arguments but now you're just on hv_'s level. Sad.

[vapourminer]

Bump is nice!

Meantime I saw this and just fell over laughing. I simply do not think this well....

i think they pioneered that in china (Hong Kong?)  somewhere else anyway.

hockey sticks to slap back tear gas canisters were another "return to sender" item pressed into service.

[vapourminer]

YOU claimed that both coins are equally decentralized, i asked for you to back it up, and you're asking me to define decentralization?

decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run?

[dragonvslinux]

Holy shit whats behind these no volume pumps?

Low liquidity 

the evening wall report

Why no 1 day chart like you usually do huh? Still a bit bearish is it?


Pretty sure people youtubers need to stop claiming they've found "100x altcoins" before Bitcoin's price can move significantly higher. Among other things...
DeFi also needs to lose at half it's value minimum, or more realistically at least two thirds back down to $1 billion. Massively overvalued short-term right now.
I realise BTC does have the power to reach $20K while losing it's market dominance, but if this happens it tells me the consolidation between $10-20K in order to re-gain it's dominance (in order to reach a new ATH) is going to be really long. I'd prefer alts to sell into BTC right now, which is somewhat hopium, to allow Bitcoin to get to where it wants to go; $12-14k



^^^ Needs to stop doing this and reverse first

#pessimisticbull