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

[jojo69]

https://www.bbc.com/news/world-europe-53763530

[Indymoney]

To all pundits how do you guys pronounce Kamala?

Those are two words in a single sentence that I have never heard. Google still has not told me what the meaning of Kamala is...

Means "lotus" or "pale red" in Sanskrit. In Sanskrit this is a transcription of both the feminine form कमला and the masculine form कमल, though in modern languages it is only a feminine form. ... It is also another name of the Hindu goddess Lakshmi.

[Last of the V8s]

'hidden in a man's pocket'
bloody snoop dog

[aesma]

[...] but stainless steel is over twice that of aluminum - stainless is your best bet [...]

But not on September 11 

The steel didn't melt. And it wasn't a house fire.

[Toxic2040]

You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/

+1 WOsMerit


----

To all pundits how do you guys pronounce Kamala?

"Socialist"

zing

+1 WOsMerit


----

https://twitter.com/hodlonaut/status/1293833469907349505

If anyone else is ever sued by him, they would be justified in asking the court to take a deposit in advance against fees in case of default.

I find him slightly less appealing than an anal wart.

you sir..are insulting anal warts everywhere

+1 WOsMerit


-------
the morning wall report

slight adjustment of the short fibs to test better fitment     still consolidating near the 0.236 before another attempt at $12k+

#dyor
1h


4h

#stronghands

[aesma]

I just realized this morning under the shower that Microstrategy bought 1 in every 1000 BTC (0,1% of supply). Imagine other large companies starting to do the same, that's what could really pump the price.

@Coindesk
JUST IN: @coinbase will offer bitcoin-backed cash loans to select U.S. customers, beginning this fall.

@Nate_DiCamillo reports
https://t.co/pE9YP0jZNL

Thanks...

and..told ya, they want you to lend your btc out and/or borrow against it, then, once it dips, collect your btc under some pretense such as 'you have exceeded your collateral limits, so the loan had to be liquidated'. Basically, don't do it.

I'm not saying you should do it but I don't see Coinbase doing this. Will have to read the fine print of course.

Cash is so cheap right now that they must swim in it so looking to do something with it.

[Phil_S]

https://www.bbc.com/news/world-europe-53763530

I don't get it how people just accept this kind of bullshit as a normal thing...

[OROBTC]

A pyramid scheme is an investment scam based on a hierarchical setup of network marketing, in which higher layer participants profit at the expense of those lower down. Fiat currencies are pyramid schemes erected by central banks, who actively manipulate the price of gold.



https://twitter.com/breedlove22/status/1293517596185079812?s=21

Threw off a couple of interesting thoughts in my mind, duderino.  Have some merit.  BTC would have its own pyramid, but with fewer layers...  And KUDOS to our WO members above who have suggested trickery might be afoot in the BTC borrowing (scams?) should the borrowers default on returning the BTC...

BTC does count as money (both as SOV (Store of Value) and MOE (Medium of Exchange)) to at least some degree.  I have used BTC as a MOE to buy gold.  But I "stack" BTC in larger amounts as a SOV.

El Señor Duderino provided me a valuable insight today.  As have many of you.

[yefi]

You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/

That's total entropy where you have no information about the key, but we're starting from a position where we already know the fragments and just need the order - a grossly reduced search space.

[Last of the V8s]

Tesla most popular, but btc/usd notbad. also that dying euro nonsense - guess it just means forex

https://twitter.com/tradingview/status/1293963844394647558?s=20

[d_eddie]

You guys got the 12 word seed thing part wrong.

Short version:
12 words is like 128 bits (2048^12 = 2^132)
24 words is like 256 bits

Long version:
https://en.bitcoin.it/wiki/Seed_phrase
https://www.reddit.com/r/Bitcoin/comments/6twuj1/are_12word_seeds_for_bitcoin_private_keys_secure/

That's total entropy where you have no information about the key, but we're starting from a position where we already know the fragments and just need the order - a grossly reduced search space.

Exactly. Knowing the 12 words but not the order implies only ~29 bits of entropy between an attacker and your key.

https://www.google.com/search?q=%3D+log2%2812%21%29

[El duderino_]

[OROBTC]

...

"Dirty" gold and "dirty" BTC share some interesting characteristics, they are somewhat less fungible than clean Au and BTC, reference and just started a thread:

https://www.coindesk.com/bitcoin-gold-staying-clean

https://bitcointalk.org/index.php?topic=5268653.0

I contend that BTC is somewhat in danger of losing its fungibility, hope I'm wrong...


EDIT: The article suggests that applies more at wholesale levels (institutional investors, etc.)

[Last of the V8s]

hah lol. and the thousand xmr bagholders in this very thread audibly gasp

[Torque]

Not sure what it's like in other countries, but in America the few times I've had to go into a doctor's office or a hospital, this is exactly what the doctors and nurses look like now.

Do as I say, not as I do...

[Searing]

https://twitter.com/hodlonaut/status/1293833469907349505

If anyone else is ever sued by him, they would be justified in asking the court to take a deposit in advance against fees in case of default.

I find him slightly less appealing than an anal wart.

Big Whoop! He never had to pay. No way to enforce it. Worse case for Craig Wright is that he can't go to Sweden. Big Whoop!

If he loses the case in the USA the same thing, simply will not pay and not go to the USA and whine about such how he was screwed for the next decade!

Nothing will ever get resolved with CW, nothing but 'spin' it is not my fault and I am Satoshi till the day he dies, get used this, it is never going away.

He will pay nothing he owes to any Court anyplace. He will simply move elsewhere to another country, most do not extradite on 'fiscal court rulings' like this.

He also will claim a win/win on the USA case no matter how it turns out in the following manner

(1) if he LOSES the case, he will not pay, but say it proves he is Satoshi because the court required him to pay! (wait for it)

and

(2) if he WINS he will say that he is still Satoshi, because the court could not prove he was not, it just proved the Klieman Estate had no rights to his

'supposed' Satoshi Hoard.

See, he can't lose, as long as he can 'befuddle' some people till the end of his life with his 'conspiracy theory that he is the victim...too many people are making too much

money the BSV sh*tcoin to ever let him be proven to NOT be Satoshi..add his ego and it is all a giant 'stall' tactic and flim/flam spin.

 

[Last of the V8s]

today's paper

[Toxic2040]

 

[aesma]

Not sure what it's like in other countries, but in America the few times I've had to go into a doctor's office or a hospital, this is exactly what the doctors and nurses look like now.

Do as I say, not as I do...

My cardiologist (in France) is obese. It makes me confortable in a way.

[Phil_S]