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

[Toxic2040]

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

[1713989457]

1713989457

[1713989457]

1713989457

[1713989457]

1713989457

[1713989457]

1713989457

[El duderino_]

10k by Christmas.

10k this weekend

[JayJuanGee]

Update from @ChartsBtc

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.

[DaRude]

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.

[LFC_Bitcoin]

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]

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

https://twitter.com/alistairmilne/status/1286741537238536200

[TheJuice]

Hella bullish after some consolidation. I like seeing alts rise as well. Slow and steady to 14k over the next 2 months seems likely.

[ivomm]

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]

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

[vapourminer]

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.

[BobLawblaw]

Observing longs dumping.

[Toxic2040]

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   

[jbreher]

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".  

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.

[jbreher]

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

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.

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.

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?

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.

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?

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'.

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.

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.

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.

[jojo69]

[nutildah]

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".  

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.

Oh, lighten up. It was low-hanging fruit, and it sparked a mini-discussion about the origins of Roger Ver's bitcoin divinity.

[jbreher]

it scales in layers with the BTC blockchain being the settlement layer, or we up the block size ala BSV.

Such woud seem the fundamental dichotomy, yes.

What I am saying is when we do it the latter way it is going to be the realm of the super powerful to keep up with it enough to run nodes...

Not today. Certainly, it is well within the purview of insubstantial computers with good internet connections to do so for BSV today. At some time in the future, yes. Hobbyists will end up dropping off.

But that is not A Bad Thing. I mean, it's a tradeoff. Sure, its... nice if everyone is trivially able to validate the chain. But at what price? Demonstrably, so-called second layer solutions were not ready in time to stave off Blockalypse I. Nearly four years later, they still are not ready to stave off a potential Blockalypse II. (Of course, with none of the second layer solutions of which I am aware transacting on chain, they are completely invisible to the so-called 'validators' anyhow, though that's a separate discussion.)

But perhaps more germane... Humanity muddled along for one or two dozen thousand years with no discernible increase in standard of living. It is only in the last few centuries when specialization of labor has allowed us to rise out of the muck of scarcity into a stratified realm of (relative) abundance. Do you insist on developing and building your own automobile?  How about a semiconductor chip? Do you think everyone should design their own computer? Build their own fab to crank out the chips? One only need refer to the seminal essay 'I, Pencil' to see the folly therein. Why would the maintenance of the financial system be the one thing that is the enforced domain of the lowest common denominator?

I say they should not. The system should grow to accommodate demand. Those that are good at validation will remain validators. That are not will fall by the wayside, and find other things to do. Things more matched to their unique set of gifts. There is nothing wrong -- and everything right -- with that.

and we coalesce into a system worse than the current one.

B does not follow A. At least not without an explanation as to how A necessarily leads to B.

[jbreher]

CB (Coinbase for the crypto inept ) will hound you if your in the US for you to pay your taxes on your crypto gains.

See, this is the sort of false hyperbole that passes for 'common knowledge' that I have to deal with. Coinbase will do no such thing.

Coinbase will send you and the IRS a 1099-K accurately reflecting revenue from your trading activity upon their platform.

Then they will not hound you. They have fulfilled their duty by so sending, so they have no reason to take further steps.

Also: the 1099-K has nothing to do with crypto gains. 1099-K is strictly an indication of monetary inflows.

[jbreher]

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

Is your omission intentional? Or do you not understand? I said that from a technical viewpoint the BTC protocol and the BSV protocol are exactly as decentralized as each other.

I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion

No. You inaccurately state your entrance into this branch of the thread. Are you lying, or trying to put one over on us? Or can you simply not remember what your position was those scant few days ago?

You went straight to implying that I was redefining 'decentralization', TOTALLY Without any supporting rationale for your implication.
https://bitcointalk.org/index.php?topic=178336.msg54783389#msg54783389

Indeed, it was myself who first asked you for a definition of decentralization, so that I may try to discern what it was you had issue with in my statement.

You did not request that I provide a definition of decentralization until further downthread, after actively evading the question yourself.

[jbreher]

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

Too bad it is all predicated upon a lie. If you believe that 'good rebuttals' contain complete falsehoods presented as truths...