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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.1%)
7/28 - 11 (11.7%)
8/4 - 16 (17%)
8/11 - 7 (7.4%)
8/18 - 5 (5.3%)
8/25 - 7 (7.4%)
After August - 47 (50%)
Total Voters: 94

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26446894 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
dragonvslinux
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July 24, 2020, 05:44:10 PM
Merited by d_eddie (1)

The moment you realise not everything went quite to plan:

Code:
cryptsetup: ERROR: Couldn't resolve device 

Looks like I've got some dpkg re-configuring to do and looking into grub files   Undecided
rdbase
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July 24, 2020, 05:46:44 PM


Best to stay steady like freddy.
I got to keep off the aLcOhOl. Grin
OutOfMemory
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July 24, 2020, 05:52:53 PM
Merited by infofront (1)

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law
rdbase
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July 24, 2020, 06:36:40 PM

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

Sounds nice, and thanks for posting. I'm left wondering, however, what are the implications and why is this important?
It could be good and bad for bitcoin.
Depending on where you live.
CB (Coinbase for the crypto inept Roll Eyes ) will hound you if your in the US for you to pay your taxes on your crypto gains.

For the good: The bitcoin printer go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
Until someone says  "ShAzAm!".... you bastards! (in a milton from the office space movie sort of way) Angry
https://gfycat.com/alivebitesizedhylaeosaurus
https://i.ibb.co/hRqDYnk/71tP.gif
https://gfycat.com/rawsafegalapagoshawk

*awwwee fuk it
OutOfMemory
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July 24, 2020, 06:37:23 PM
Merited by infofront (1)

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

Sounds nice, and thanks for posting. I'm left wondering, however, what are the implications and why is this important?

Legal consequences.
What is the definition of "trading service"?
A node, an exchange, a bank?
Since banks are allowed to trade bitcoin for customers, worst case would be that only licensed businesses are allowed to sell/keep/buy bitcoin, i guess.
While this is restricted to the US, on the other hand, so not "another ending of bitcoin" in any way.


It could be good and bad for bitcoin.
Depending on where you live.
CB (Coinbase for the crypto inept Roll Eyes ) will hound you if your in the US for you to pay your taxes on your crypto gains.

Yeah, and that, of course.
Toxic2040
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July 24, 2020, 07:15:02 PM

the noon wall report

Bitcoin is hodling steady at around $9.6k today as some consolidation and minor profit taking seems to be taking place. As our Honorable Secretary has stated..steady as she goes. I concur Sir.


short fibs slightly raised to reflect local higher high
4h



#dyor
D

#stronghands
El duderino_
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BTC + Crossfit, living life.


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July 24, 2020, 07:37:01 PM
Merited by TheArchaeologist (2), cAPSLOCK (1), 600watt (1), bitebits (1)

10k by Christmas.

10k this weekend
JayJuanGee
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July 24, 2020, 08:16:50 PM

Update from @ChartsBtc

Quote
Need less than 7 doublings to get #bitcoin over $1,000,000Reloj de pulsera



Source: https://twitter.com/ChartsBtc/status/1286673881533571072

Like lungs breathing in and out.
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July 24, 2020, 08:51:22 PM
Merited by El duderino_ (2), 600watt (2), JayJuanGee (1), d_eddie (1), gentlemand (1), Toxic2040 (1)

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.  

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:
  • You claimed that your shitcoin BSv is as decentralized as bitcoin
  • I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion
  • You tried evading tactic by claiming that you already explained decentralization
  • I stayed on it, and asked you to repeat it
  • You pointed to a post where you're bitching that that nodes are not a measure of decentralization. Conveniently still never defining decentralization.
  • You then replied "Bingo" to AlcoHoDL's speculation that by decentralization you might mean potential to be decentralized. As if we were all playing the "Guess wtf jbreher means by decentralization today". You then confirm that by saying that the only difference is the "current popularity of each"
  • To point out that such stupid definition wouldn't work outside of 3 coins, i asked if by your definition BCD (Bitcoin Diamond) is as decentralized as BTC
  • You replied that because BCD is not SHA256 POW it "has no meaningful ties to the satoshi legacy." As if only god coins can be decentralized?? And obscuring your idea of decentralization even more

Just because my server has potential fundamentals to grow to Google's size, doesn't make my server as decentralized as Google. Sorry.

Today i just read the "Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’" article https://www.coindesk.com/4-experts-agree-craig-wrights-latest-cryptography-claims-are-nonsense to summarize:
  • CSW - I own this address
  • - signed message pops up from the address saying CSW is a "liar and a fraud"
  • CSW - “no message was signed. You cannot have a digital signature that is anonymous, by definition." Provided some veiled definition of signatures
  • Everyone who ever validated a signature - LMAO wtf???
  • Johns Hopkins associate professor and cryptographer Matthew Green - Wright’s explanation “makes zero sense to me as a cryptographer,” ... "Because the words he’s using sound like nonsense to me.”
  • Symbolic Software applied cryptographer Nadim Kobeissi - “Having followed Craig Wright’s tale, I personally think that there is as much validity to the claim that Craig Wright is the inventor of Bitcoin as there is validity to the claim that the Earth is flat.”

The parallels between your approaches are striking. I also recalled Toxic2040 post about how your pedantic drivel is similar to Faketoshi. You strive for publicity to stay relevant, at a cost of making yourself look like a total idiot to anyone with a single brain cell. But that does radicalize your base, so those few people you do manage to convince will blindly follow you and unquestionably believe everything that you say. Luckily in this scene there are more "neckbeards" (that you're desperately trying to marginalize) who posses critical thinking, that will call you out on all of your BS.
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July 24, 2020, 08:53:11 PM
Merited by El duderino_ (2), BobLawblaw (1), TheJuice (1)

Observing $9,634

Slow & steady rises, just like V8 said. I still say we end 2020 at around $13,000/$14,000 but this is good. $9,000 looks solid, would be really good to get over & stay over $10,000 by the end of next month.

ivomm
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July 24, 2020, 09:02:28 PM

Garry Kasparov, one of the greatest chess grandmasters of all time on #Bitcoin...

https://twitter.com/alistairmilne/status/1286741537238536200
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July 24, 2020, 09:24:39 PM
Merited by LFC_Bitcoin (1)

Hella bullish after some consolidation. I like seeing alts rise as well. Slow and steady to 14k over the next 2 months seems likely.
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July 24, 2020, 09:48:03 PM
Merited by DaRude (1), Toxic2040 (1)

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.  

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:
[edited out]

The real question is whether there is another BSV bag holder apart from jbr... worldwide. I doubt that even CW holds this shit anymore.

Toxic2040
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July 24, 2020, 10:36:38 PM


Let me summarize my interaction with you so far:
  • You claimed that your shitcoin BSv is as decentralized as bitcoin
  • I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion
  • You tried evading tactic by claiming that you already explained decentralization
  • I stayed on it, and asked you to repeat it
  • You pointed to a post where you're bitching that that nodes are not a measure of decentralization. Conveniently still never defining decentralization.
  • You then replied "Bingo" to AlcoHoDL's speculation that by decentralization you might mean potential to be decentralized. As if we were all playing the "Guess wtf jbreher means by decentralization today". You then confirm that by saying that the only difference is the "current popularity of each"
  • To point out that such stupid definition wouldn't work outside of 3 coins, i asked if by your definition BCD (Bitcoin Diamond) is as decentralized as BTC
  • You replied that because BCD is not SHA256 POW it "has no meaningful ties to the satoshi legacy." As if only god coins can be decentralized?? And obscuring your idea of decentralization even more

Just because my server has potential fundamentals to grow to Google's size, doesn't make my server as decentralized as Google. Sorry.

Today i just read the "Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’" article https://www.coindesk.com/4-experts-agree-craig-wrights-latest-cryptography-claims-are-nonsense to summarize:
  • CSW - I own this address
  • - signed message pops up from the address saying CSW is a "liar and a fraud"
  • CSW - “no message was signed. You cannot have a digital signature that is anonymous, by definition." Provided some veiled definition of signatures
  • Everyone who ever validated a signature - LMAO wtf???
  • Johns Hopkins associate professor and cryptographer Matthew Green - Wright’s explanation “makes zero sense to me as a cryptographer,” ... "Because the words he’s using sound like nonsense to me.”
  • Symbolic Software applied cryptographer Nadim Kobeissi - “Having followed Craig Wright’s tale, I personally think that there is as much validity to the claim that Craig Wright is the inventor of Bitcoin as there is validity to the claim that the Earth is flat.”

The parallels between your approaches are striking. I also recalled Toxic2040 post about how your pedantic drivel is similar to Faketoshi. You strive for publicity to stay relevant, at a cost of making yourself look like a total idiot to anyone with a single brain cell. But that does radicalize your base, so those few people you do manage to convince will blindly follow you and unquestionably believe everything that you say. Luckily in this scene there are more "neckbeards" (that you're desperately trying to marginalize) who posses critical thinking, that will call you out on all of your BS.

+10 WOsMerit's

best rebuttal and post ive read here in awhile

thanks
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July 24, 2020, 10:50:52 PM
Merited by 600watt (1)

EDIT this reply wound up in its own topic due to some error on my part. sorry for cross post:
https://bitcointalk.org/index.php?topic=5264273.msg54864403#msg54864403



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?

No. But nice mischaracterization. At this point, there are plenty of 'normal' computers processing the BSV blockchain.

sure, now. im talking years out (if it doesnt die off in the meantime)

AFAIC, as long as there are no exclusionary barriers for new entrants to participate, then non-mining validation is exactly as decentralized as it need be. More such 'decentralization' is a red herring that serves no useful purpose. I realize this is a controversial perspective, but it is the one I hold.

just the money constraint. perhaps youre so loaded that 100+ grand for a datacenter and update cycle that will be needed eventually is a barely noticeable expense for the convenience and security. so say 50 grand for a casual setup that maybe that would last a couple years? so whats the upper limit for "just verifying" my transactions?

The alternative is to dumb down the entire system to 3 to 7 transactions per second. The notion of such a system working as world money is so ludicrous that it beggars the imagination that anyone would so think.

i agree here. work is needed. it is being done. i may not agree with some of it but stuff is happening regardless.


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July 24, 2020, 11:38:44 PM

Observing longs dumping.
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July 25, 2020, 12:32:45 AM

the closing bell report

Friday at last and legacy markets are closed, bitcoin keeps chugging along however.

Bitcoin traded between $9,474.35 and $9,650.55 today on fairly significant volatility. Closing at $9,547.91 traders seemed content with minor profit taking and consolidation. This trend will probably continue over the weekend on declining volume.

Next week looks to bring increasing activity as we enter the final week of July. Closing above $9,533.42 this Sunday on the weekly candle would be significant as that puts the price above short term resistance at the tenkan sen.


4h


D


w/doubled cloud settings
D



Its pretty simple really imho..treat others as you want to be treated. Everyone should reflect on that simple fact from time to time.

Have a good weekend everyone.

peace
tc   
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July 25, 2020, 12:51:00 AM

Accordingly, thank god for the big block chains.

Sorry to break it to you but however unfortunately you're the only one around here who sees Roger Ver or Craig Wright as "god".  Cheesy

Well, that's even stupider than most of the shit you sling. I have never ascribed god-ness to Ver nor Wright.

Pretty fuckin' cheap-ass way to try to score a popularity point, nutildah.
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July 25, 2020, 01:30:01 AM

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.  

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

The hell I am on about is you JB. You argue,

Yes, I argue

Quote
you deflect,

Maybe occasionally. Not with intent. OTOH, we have immediately above an accusation that you make that I am not answering your questions. When demonstrated that you have not even rendered any questions to me to go unanswered, you deflect the conversation - presumably in order to gloss over your demonstrably false statement.

Quote
you seem disingenuous in your statements from time to time

I seem disingenuous? From time to time? Weak. I assure you, my arguments are sincere.

Quote
so one has to carefully parse what you write and post

Of course one has to carefully parse what I write and post. These topics are nuanced. The points are sometimes subtle. The differences and dependencies thereupon require careful evaluation. (It doesn't help that people keep ascribing things to me which I have not said.) Are we too lazy to engage in meaningful dialogue?

Quote
For example..there are pages back where you argue over the definition of decentralisation

I'm still waiting for someone to step up with the accepted definition of 'decentralization'. So far nobody in this cast of dozens has been able to do so. It's kind of hard to argue about the definition of decentralization when nobody is bold enough to step up to the plate with what they believe is an actual definition.

As a corollary, I think your characterization that I am arguing over the definition is false.

Quote
that any cypherpunk worth his/her/its salt knows down to their bones.

So then why can't anyone provide such? From the outside, it appears that the accepted dogma is that 'decentralization' is exactly equivalent to 'today brand X has lotsa lotsa non-mining fully-validating clients' - no more and no less. But it must not be that simple?

Quote
That it is a safer, more secure system than the centralised entities that make up the legacy financial system and to a certain extent, the bitcoin ecosystem.

I hope that's not supposed to be a definition - because it ain't. It may be a characteristic of a decentralized financial system, but it sure ain't a definition of 'decentralization'.

Quote
there are times when I appreciate your postings..they make you actually think about things which in my mind is a good thing.

Indeed, you are one of the few hereabouts that seem open to thinking.

Quote
Its the style you go about it that I have a problem with.

I'm not sure style has anything to do with discussion of reality, but whatevs.

Actually, in most areas of life I can interact in a friendly manner with people with whom I disagree. Indeed, a great part of my professional life was developing standards for technology amongst representatives of competitors with $billions on the line. The difference in such a professional venue is that people who reach such committees can and do treat each other with respect regardless of how strongly they disagree with the presented ideas.

You'll note that there is a coterie here in this thread with whom I carry out cordial arguments, and others which I (somewhat regrettably) treat with verbal contempt. The latter class has self-selected themselves into that group by initial aggression.

Quote
Be that as it may, I believe that small blocks and third layer solutions is a better way than a bloated big block chain.

Fair enough. I disagree. That's all.
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July 25, 2020, 01:46:31 AM
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