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

[vapourminer]

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.

no worries either way; ive been penniless. good for character building IMO. thankfully bitcoin has changed that considerably, among my other endeavor of course

funny the hate on coinbase. yeah i get they have been and are problematic in many ways due to the rules. but never a problem here. to each his/her own.

[Lambie Slayer]

https://twitter.com/ShaneGoldmacher/status/1286106604513918981

Trump is speaking in an elaborate code but his message is crystal clear.

"Person, Woman, Man, Camera, T.V....."

He is saying he knows he will lose on Nov. 3, but that's good because Bitcoin Hyper-Bull Season is about to begin and he wants out of his blind trust so he can buy coins.  

Just to translate a small piece, Camera = 10k in August, 20k this year, 100k+ next year.  
 

[vapourminer]

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.

all i want is a node i can run purely to validate my own transaction and check my balances. not a 24/7 node, just for my own use.

i would rather do that on my own equipment, say prosumer class  (is that still a word - high power personal computers HEDT and ECC maybe but beefed to the max) and/or a decent server or two (failover) and enough raid for the blockchain.

i can live with that. i mean rpis are out as well as most regular desktops. but yeah ya gotta pay to play,

but bsv seems to want much much more.

[vapourminer]

[bsv]

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

None more need be said.

surely satoshi would have had to put some constraints on block size at some point, even if it was just to accommodate the then current technology. after all he was refining it till he left.

and no dont ask me for ideas if that was anyones intention.. me brains been running on fumes for a long time.

[Paashaas]

I wonder which will be the first US bank to get hacked and their Crypto stolen?

[vapourminer]

I wonder which will be the first US bank to get hacked and their Crypto stolen?

the fed? heh

[Indymoney]

I wonder which will be the first US bank to get hacked and their Crypto stolen?

[El duderino_]

Damn that man didn’t bought enough corn

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

Indeed a good observation as well sir

[JimboToronto]

Good morning Bitcoinland,

Still over $9.5 I see... currently $9509USD/$12767CAD (Bitcoinaverage).

Creeping up in small daily steps is a good thing. It beats stagnating sideways and is less likely to bart back down than too steep a rise.

Go Bitcoin go.

We don't need no steenking Lambos.

[LFC_Bitcoin]

@BitcoinCarl_
There’s nobody left to dump BTC.

OG whales now proven long term holders.

Miners don’t have that much to dump every day anymore.

Manipulation dumps getting scooped up.

Stacking Sats Team buying them up on the daily

Let’s gooooooooo
https://twitter.com/bitcoincarl_/status/1286074886587326464?s=21

[Peanutswar]

After the market price of the bitcoin will rise to the top again this is the common reaction of the people just want to earn bitcoin too and top search again.

[Toxic2040]

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.

----

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


#pessimisticbull

not particularly..just like to mix it up somewhat from time to time

also..waiting for some of you young up and comers to start shouldering more of the load  
----

no worries either way; ive been penniless. good for character building IMO. thankfully bitcoin has changed that considerably, among my other endeavor of course

funny the hate on coinbase. yeah i get they have been and are problematic in many ways due to the rules. but never a problem here. to each his/her own.

+1 WOsMerit

[hv_]

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.

Hello Bear!

Finally you got up to the highest

(And you cannot get such high using big text and blogs -> only by big blocks)

 

[cAPSLOCK]

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.

Hmm.  Well I think we are at an impasse.  We always were though.

I think the more nodes the better and do not care who runs them primarily.  I believe that that is exactly what decentralized minimized governance looks like and it is messy and slow moving.

You want nodes to be run by some sort of technocratic elite who will govern us all with what they decide the limitation, or removal thereof will be.

We are comfortable with different trade offs.  I think a distributed system with the least amount of trust possible is worth more than you do.

[cAPSLOCK]

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

So awesome.  But they forgot Idiocracy.

[vapourminer]

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

So awesome.  But they forgot Idiocracy.

i think idiocracy is the big grey(ish) box everything else is in.

[lightfoot]

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.

In the day it was more magic money coming from the little mining thing.

Then it was earned money, and my philosophy that a business has to pay for itself, thus selling or using bitcoin to pay op expenses.

No regrets, just some laughs from time to time.

[El duderino_]

Went shopping today with the misses.... on my expenses.... would the face mask bothered ?? 

[machasm]

Could this be the beginning of our long awaited bull run to the moon?
I hope so. I got plans this time round.
Managed to pay off my house on the last bull run but looking to retire on this next one.
Volume looks like it is starting to pick up a bit too which is nice.

[yefi]

You are devolving into emotionalism, yefi, and that might not be a good direction.

That's impossible, I'm a cold-blooded psychopath, and I dare anyone to protest otherwise.