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

[vapourminer]

kodak is such a textbook example of what happens to you when you don´t take the power of digitization serious enough. kodak was the global king of photography, ruling this industry for more than a century.
[...]

sounds like IBM giving away the keys to the kingdom with DOS and its open hardware architecture for its original IBM PC. of course bill gates had a hand in that too, licensing DOS instead of selling it outright to IBM. opportunity is opportunity.

kinda like bitcoin and fiat actually. well, not really, but sort of. but hopefully one knows what i mean.

history has a lot of lessons, too bad most dont bother learning from it.

kodak making drugs and such now. wtf and didnt they sell rights to their name on some shitcoin a while back? kodakcoin or some crap?

[Phil_S]

I myself ...probably simplistic view...but I think that the PayPal considering BTC/Crypto is the main reason for this pump

That might explain BTC pump...

But notice how BTC, gold and silver pumping at the same time.

It's not a coincidence. Something's much bigger at work.

[philipma1957]

I myself ...probably simplistic view...but I think that the PayPal considering BTC/Crypto is the main reason for this pump

That might explain BTC pump...

But notice how BTC, gold and silver pumping at the same time.

It's not a coincidence. Something's much bigger at work.

I ALREADY told you what is happening.  Fud on the USA election.

If the left wins. they will go after the right.  So the right is planning exit strategy from USA

If the right wins the left will flee so they are preparing exit strategy from the USA.

What better than to use GOLD, SILVER and various Crypto coins to flee or in the case of the metals to hedge on the dollar.

  This pump will continue until the November election.
Anyone that reads up on history knows that the USA is at is greatest turmoil since the 1960's. some would say since the 1860's

  If you have money and live in the USA whether you are the left or the right or independent. you would be a fool not to have extra invested in Gold,Silver and Various Crypto Coins.

I am a little guy but I  have pushed this year to have gold silver and crypto coins.  I won't flee the USA ,but I need a hedge against inflation.

[sirazimuth]

.....
sending a "high quality" picture of your kid to grandmother:

analog: .....PITA


digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.

....

That’s all well and good but it got me thinking...
Now everyone and his brother take millions of pics and vids
of their kids and ugly selfies with silly added effects like a cat face or some ridiculous thing,
or what they ate for breakfast. And sends to Grandma ( and every other poor slob
on their contact list).Well I got news for you...after like the 3rd one sent, Grandma and
everyone else isn’t interested in those high quality pics and vids of junior making
faces at the camera.

Bah humbug....

[vapourminer]

.....
sending a "high quality" picture of your kid to grandmother:

analog: .....PITA

digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.
....

That’s all well and good but it got me thinking...
Now everyone and his brother takes a million pics and vids
of their ugly selfies with silly added effects like a cat face or some ridiculous thing,
or what they ate for breakfast. And sends to Grandma ( and every other poor slob
on their contact list).Well I got news for you...after like the 3rd one sent, Grandma and
everyone else isn’t interested in those high quality pics and vids of junior making
faces at the camera.

out of literally thousands of pics taken with digital (camera or phone) maybe one of 200 are kept. thats whats important to me, i can take  dozens of pics of something and pick out the best one right away. analog with its 36 pics a roll (or whatever) and time lag makes you waste film and time to pick that best shot. thats the real advantage of digital. imo of course. oh and film changes in the heat of the moment sucked pond water. i had to bring a backup camera to events for when i hit the end of the roll and still needed to shoot if there was no time to change film in the primary camera.

[Phil_S]

1w green candle looks pretty impressive right now.

[yefi]

first and last name, postal address, Email, phone number and ordered products.


Yeah, nothing to worry about....

It was always the problem with those things that you're singling yourself out, whereas with generalised hardware, you're huddled in the masses.

[lightfoot]

first and last name, postal address, Email, phone number and ordered products.


Yeah, nothing to worry about....

It was always the problem with those things that you're singling yourself out, whereas with generalised hardware, you're huddled in the masses.

True. The marketing value of those databases is sky high. They should just delete the information after sending but they don't. Probably due to future monetizing opportunities.

[AlcoHoDL]

At the risk of starting a heated debate...

Digital is the clear winner, there's no question about it. Digital is a wild force that conquers everything in its path. Computing, audio, photography, video, communications, now cash... You name it.

Analog still has its place in areas where digital has not yet entered. The universe and its quantities are fundamentally analog, so there will always be a bridge between analog and digital (microphones and speakers will stay analog for a very long time).

Analog has sentimental value (that "good old times" kind of feeling).
Analog is romantic (for the ladies -- sorry to our female WOs, but it's true, speaking from experience).

But digital is The King. Those who disagree are entering Flat Earth territory.

[cAPSLOCK]

Reading this article will make you hyper bullish:

https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef

During the past 50 years, a multitude of US dollar payment networks has blossomed — from credit cards and ATM networks to peer-to-peer platforms and ACH. All of these networks are closed walled gardens. Moreover, one can think of them as Layer 2 solutions. Built on top of Fedwire, the base settlement layer for all dollars.

Similarly, we expect that Layer 2 solutions for Bitcoin — most notably Lightning — will flourish in the coming years. However, unlike traditional USD payment networks, Lighting is open and permissionless. Accordingly, we anticipate that the pace of innovation and adoption will be staggering during the next decade.

Or listen to Guy read it...
https://anchor.fm/thecryptoconomy/episodes/Read_421---Lightning-as-a-Retail-Payment-System-Nicolas-Burtey-eharkj


Seriously.  I might start up another node.

[lightfoot]

But digital is The King. Those who disagree are entering Flat Earth territory.

Sure. As long as society survives to the extent we can recover the information it's great. One has to wonder if the Egyptians had discovered Ipods, this could explain how they used their space tools to build the pyramids and there is no written record of it, was all stored in the cloud :-)

Try reading a 15 inch platter disk pack from the 1970's. Try reading a ST506 hard drive from the 80's. Hell, try reading a 5.25 inch floppy from the 90's.....

More complex than one thinks over time.

[bkbirge]

At the risk of starting a heated debate...

Digital is the clear winner, there's no question about it. Digital is a wild force that conquers everything in its path. Computing, audio, photography, video, communications, now cash... You name it.

Analog still has its place in areas where digital has not yet entered. The universe and its quantities are fundamentally analog, so there will always be a bridge between analog and digital (microphones and speakers will stay analog for a very long time).

Analog has sentimental value (that "good old times" kind of feeling).
Analog is romantic (for the ladies -- sorry to our female WOs, but it's true, speaking from experience).

But digital is The King. Those who disagree are entering Flat Earth territory.

Sure, for all practical purposes digital is the tech winner. Analog is now an increasingly difficult to implement artistic option whereas before it was the only choice. I still make records the old fashioned way but instead of tape I use a hard drive. The newer generations of record producers have an often markedly different approach that is much more computer focused from the get-go.

The universe may be fundamentally analog, but the way we understand it and describe it is fundamentally digital. Energy is passed in quanta between particles, but to my limited understanding at least, that's because particles resonate, not because there is an immutable limiting value. Quantum entanglement is the universe's blockchain.

[gembitz]

12K close! :-D kabooom!!!

[JSRAW]

[El duderino_]

PUMP

[xhomerx10]

Who knew? Someone, clearly. Bit early.

Meanwhile in other ups:

https://youtu.be/k001JX-D-dA BITCOIN PUMP IT UP↑
(sorry for Roger bit at end  )

kodak is such a textbook example of what happens to you when you don´t take the power of digitization serious enough. kodak was the global king of photography, ruling this industry for more than a century. which in itself is noteworthy considering that photography for the masses was only invented some 130 years ago (by kodak). kodak was globally so dominant for so long, no fucking one could have ever imagined this could ever change. they themselves invented digital photography, but were ignorant enough to not see the disruptive potential of their very own invention. the sad, fast and merciless crash of this behemoth has some netflix series potential.


sending a "high quality" picture of your kid to grandmother:

analog: you buy a kodak film and put it in your camera, take the pic (and 35 more). you take the film out of your camera and bring it to a camera shop in person. the shop sends it to a kodak lab (didn´t have to be kodak, there were free labs and other competition) via mail. the processed film then gets send back to the shop where you can pick it up and try to identify on a dark brownish negative film strip which pic is the best for your grandma. you then tell the shop you want pic number 17 as a print. the shop sends the negative again via mail to a lab that does the printing. the lab sends the print back to the shop and a few days later you can finally get the pic from the shop by visiting them the third time in person. now you need to get an envelope and send the pic to your grandmother (if she is still alive) via regular mail.


digitally: you take your mobile phone, take a pic of your kid and send it to your grandmother a few seconds later.


the behemoth didn´t see this coming. banks are behemoths like kodak. they ruled money transactions for 500 years. most people think it is the only way of sending money, the "natural" way. because it always has been like this.

edited

 

  ...but didn't kodak get into Bitcoin mining?  
 I looked at the chart today and LOL'd.  NICE pump!!
Careful 600watt or you'll become our inverse indicator

edit: OIC Kodak just got a gov't bailout via huge loan to create a Covid vaccine.

[-CryptoViking-]

PUMP

This is song made by a Croatian guy called CUBI and it is all about PUMPING in different languages and I use it often related to BTC even though it is about different kind of "pumping" 

It is my personal BTC PUMP anthem! So sharing it here with you, now when it is appropriate 

[Wekkel]

But digital is The King. Those who disagree are entering Flat Earth territory.

To risk starting an even hotter debate: we have seen nothing yet.

Wait until decentralised platforms become powerful enough to host generic and completely open accessible financial/payment/hosting/arbitration/whatever applications, opening the door to countless of services and transactions that currently need to be crammed through legacy institutions, riddled by technical debt and crippling regulations.

Once the gateway opens, we will see valuations of digital freeways rise to eye-watering heights.

Indeed, our future is digital.

[LFC_Bitcoin]

FFS boys, I log in & see PUMP written by a few of you, I quickly check the price expecting see see $12,000 or something & it’s $11,xxx.

Fuck you guys, getting me excited.

Go sodomize yourselves on a length of rusty pipe.

[Wekkel]

Fuck you guys, getting me excited.

I concur. Highly annoying....