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

[hv_]

$11200 incoming. today? now?

Look like we can touch this figure today any time.

Au Backe !

[vapourminer]

I have no Idea how you can differentiate between base systems, gpu miners, fpgas and asics over time. The overlap is huge and due to locations their profitability is widely varied so you would have to make massive assumptions. Literally this could take a person a lifetime to get within a small tolerance of error.

Not to mention it is widely believed satoshi (and others) used custom FPGAs and how those could be calculated is beyond me.

iirc pools used to give data on worker numbers back in the days and a lot of miner programs identified themselves as such and such. thereby giving a rough breakdown.. cgminer would mainly of been gpus (back before asic stole -cks code with no credit), some fpga had custom miner software with different names they would report to the pool and so on.

maybe break into cpu era, gpu era, fpga era, asics era? lotsa overlap i know.

dunno if thats helpful or not. or if its just lack of caffeine and barely functioning brain cells typing this. heck took like 20 edits to make this seen even vaguely like a coherent post. i will stop typing now.

[soullyG]

[nullius]

iirc pools used to give data on worker numbers back in the days and a lot of miner programs identified themselves as such and such. thereby giving a rough breakdown.. cgminer would mainly of been gpus (back before asic stole -cks code with no credit), some fpga had custom miner software with different names they would report to the pool and so on.

Did anybody collect and archive this data in a useful format?

(Maybe ask the NSA.  They collect everything.  They know where you were on 2010-03-09 at 10:04 in the morning, even if you don’t remember.  I wish that I had access to their recordings of the phone sex that I had years ago, when I was more foolish and less encrypted.)

billion dollars being swapped from tron to erc20 chain
https://tether.to/explained-chain-swaps/

I am guessing that ether gas prices will get a little bump, with more more tethers flying around a network that’s been groaning under the USDT load as it is.  ETH, LOL.

[Indymoney]

Bitcoin (BTC) has crossed into bullish territory, but prices remain vulnerable to potential sell-off in stocks, an analyst believes.

https://www.coindesk.com/analyst-bullish-bitcoin-equities-threat?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+BitcoinBoltFeed+%28Bitcoin+Bolt%29

[hv_]

...
I am guessing that ether gas prices will get a little bump, with more more tethers flying around a network that’s been groaning under the USDT load as it is.  ETH, LOL.

If 2 scammers meet, they don't care what fees others have to pay 

[Zaanda]

https://img.techpowerup.org/200915/bumsexy.jpg

[proudhon]

I'm having a hard time confirming your math, but it looks like you're confirming a significant downtrend into the short, medium, and long term scientific future, which I can also confirm.

[d_eddie]

The science and math viewpoint


Proudhon confirming
ominous and dark from here
scientific future






#haiku

[d_eddie]

The hodler viewpoint


Ten point nine thousand
twelve is around the corner
to the moon, brothers!





#haiku

[ivomm]

Shorts carnage from yesterday's $10200 bear trap continued today. Observing $10900 with a strong buying support which means more troubles for the shorters. Science and maths confirmed!

[BobLawblaw]

billion dollars being swapped from tron to erc20 chain

Is this good or bad for TRX ? I can't tell. All I know is, really dislike that Justin guy that is the face of Tron.

Total used car salesman sorta vibe.

[600watt]

it is an interesting endevour to think about the strange relationship between bitcoin, "blockchain" and "crypto". we all know that bitcoin is a scientific breakthrough and the first technology to have accomplished digital scarcity. since everything that becomes digitized enters a new dimension of usability it is no rocket science to expect an appreciation in price of the one and only truly scarce token that was able to digitize value for the first time in history = bitcoin market cap will rise.  

then came the shitcoiners, copy&paste the open source bitcoin code, change some arbitrary features (for example: faster block time), declare bitcoin is old tech and try to sell you their centralized scamcoin for bitcoin, yelling "tokenize everything", dismissing that only bitcoin is digitally scarce and call everything the you can bribe coinmarketcap.com into listing it a "cryptocurrency".

then came the "blockchain-not-bitcoin" marketing geniuses from the legacy financial space, declaring "blockchain" is the tech behind bitcoin (which it isn't, since blockchain is just a database structure) and further declare blockchain will change the world, yelling "tokenize everything", dismissing that only bitcoin has achieved digital scarcity and that digital scarcity cannot be pegged to the physical world.

the weird thing is that one side has created 6000 tokens with no use case (other than scamming) and the other side has come up with thousands of use-cases but not a single working token (or "blockchain" product) with real demand in the business world. that fact alone should should get the scammers and their targeted prey wondering.

not sure if there has ever been a new tech that was so profoundly misunderstood. there is no "crypto", there is no "blockchain-tech" there is only bitcoin, the rest is either a scam or a technical/economical shitshow or - in most cases - BOTH.

 

[proudhon]

The science and math viewpoint


Proudhon confirming
ominous and dark from here
scientific future






#haiku

Beautiful

[vapourminer]

iirc pools used to give data on worker numbers back in the days and a lot of miner programs identified themselves as such and such. thereby giving a rough breakdown.. cgminer would mainly of been gpus (back before asic stole -cks code with no credit), some fpga had custom miner software with different names they would report to the pool and so on.

Did anybody collect and archive this data in a useful format?

(Maybe ask the NSA.  They collect everything. 

wish theyd they tell where i left my car keys yesterday.

[Indymoney]

billion dollars being swapped from tron to erc20 chain

Is this good or bad for TRX ? I can't tell. All I know is, really dislike that Justin guy that is the face of Tron.

Total used car salesman sorta vibe.

This is best revivew about Justin because I am also feeling he is really shit person.

[Karartma1]

it is an interesting endevour to think about the strange relationship between bitcoin, "blockchain" and "crypto". we all know that bitcoin is a scientific breakthrough and the first technology to have accomplished digital scarcity. since everything that becomes digitized enters a new dimension of usability it is no rocket science to expect an appreciation in price of the one and only truly scarce token that was able to digitize value for the first time in history = bitcoin market cap will rise.  

then came the shitcoiners, copy&paste the open source bitcoin code, change some arbitrary features (for example: faster block time), declare bitcoin is old tech and try to sell you their centralized scamcoin for bitcoin, yelling "tokenize everything", dismissing that only bitcoin is digitally scarce and call everything the you can bribe coinmarketcap.com into listing it a "cryptocurrency".

then came the "blockchain-not-bitcoin" marketing geniuses from the legacy financial space, declaring "blockchain" is the tech behind bitcoin (which it isn't, since blockchain is just a database structure) and further declare blockchain will change the world, yelling "tokenize everything", dismissing that only bitcoin has achieved digital scarcity and that digital scarcity cannot be pegged to the physical world.

the weird thing is that one side has created 6000 tokens with no use case (other than scamming) and the other side has come up with thousands of use-cases but not a single working token (or "blockchain" product) with real demand in the business world. that fact alone should should get the scammers and their targeted prey wondering.

not sure if there has ever been a new tech that was so profoundly misunderstood. there is no "crypto", there is no "blockchain-tech" there is only bitcoin, the rest is either a scam or a technical/economical shitshow or - in most cases - BOTH.

Quoted and merited for posterity! Applause 

[BobLawblaw]

$11200 incoming. today? now?

You blew it for us, man.

Can't rush these things. Gotta let 'em organically happen.

Next 24 hours, blah etc penis.

[600watt]

MicroStrategy did it again. they bought another 14k btc for $175mil.

they own 38250 btc now.

Michael Saylor is savage.


https://twitter.com/michael_saylor/status/1305850568531947520?s=21

[nullius]

Anyone here know anything about this?  https://xx.network/

Apparently, it has been developing as I live under a rock.  Or else, perhaps there may be disadvantages to ignoring altcoins too assiduously.  There are also disadvantages to a marketing website facially indistinguishable from empty hype, which I would click straight past if the name “Chaum” were not associated with it.

What catches my attention is that the original inventor of digital cash, who also led the creation of the IACR, is probably not a snakeoil peddler.

h/t:

hello and welcome to oldgreybeardcointalk

https://youtu.be/ZVZxRMAeIdo Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars - Ep.186

David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed.