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

[600watt]

good post as ever. you should write a book. (...)

it´s going to be a challenge for a shitposter like myself but somebody got to tell those no-coiners that blockchain isn't the "tech behind bitcoin" and that all the "crypto" listed on coinmarketcap is neither scarce nor decentralized, nor immutable, nor hard money, but plain scam.

[Karartma1]

What if the tech behind bitcoin was... well you know, bitcoin?

Observing walls and barts

Damn, Barting down again. 

We are used to it now. They need new shapes, Bart's old.

[Cryptotourist]

anyway there's a slim chance some of you kids will survive the next twenty years but you're gonna have to get real

And I was wondering why I heard no fighter jets take off yesterday. Usually they are on time on their rendezvous around 13.30-14.00 local time, for a nice dogfight over the Aegean with the Turkish ones. My gut tells me that we won't have any today either.

The fucking irony:

...

We are pleased with the progress the Greek government is making on 5G security and that its efforts to advance its digital transformation and safeguard its citizens’ privacy were complemented by the far-sighted decision of Greece’s largest cellular network provider, COSMOTE, to build its 5G network exclusively with trusted vendor Ericsson.

...

Greece is key to Europe’s energy diversification, including growing supplies of U.S. liquefied natural gas (LNG). As a hub for new infrastructure that will diversify Europe-bound natural gas routes and supplies, Greece’s role in regional energy diversification will increase as the U.S.-supported floating storage regasification unit comes online in Alexandroupoli.  Together, we can break the malevolent monopoly that Russia’s Gazprom has used over many years to threaten much of Europe.

...

Strong people-to-people ties—including diverse exchanges and collaborations—form the bedrock of our relationship with Greece and bring us closer together. During these challenging times, as we face the Covid-19 pandemic and contend against malign forces that try to weaken our bonds, the ties between our peoples give us the strength to prevail.


Oh marcus, here is my source:
h.t.t.p.s://gr.usembassy.gov/secretary-pompeo-travels-to-greece-to-advance-security-peace-and-prosperity/

[fillippone]

"Hal Finney" Sun, 11 Jan 2009

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.html

Don't rule out any pricing option, look what they were talking about in 2009.

Important clause highlighted.  He obviously wasn’t looking into a crystal ball and predicting that.

This is why influential people sometimes become wary of any type of “what if?”, thinking-aloud types of brainstorming in public.

I do not mean a prediction from Hal, from the crystal ball, the "experiment" was in the testing phase but HF already anticipated that with a limited supply if BTC was successful the price would increase exponentially, he made a quick calculation.

Almost 11 years later with 7.8 billion people in the world, we continue with a high percentage of the population who have no idea about BTC, nor do they know what Bitcoin is, by the time (adoption) BTC reaches the consumer, all the BTC already It will be in the hands of institutions, Hodlers. very rich people, banks, exchanges, whales, miners, (not counting the lost BTC) members of WO , then it will be when the satoshis enter the market, because few people will be able to pay the full price of 1BTC in 10 or 15 years.

<...>

Just to update Hal's Computation with new Numbers:

https://www.visualcapitalist.com/all-of-the-worlds-wealth-in-one-visualization/

In 2019, total world wealth grew by $9.1 trillion to $360.6 trillion, which amounts to a 2.6% increase over the previous year.

So updating the computation, 360 trillion divided by 20 million gives 18 millions.

1BTC=1BTC= 18,000,000 USD

My body is ready.

[Last of the V8s]

https://medium.com/@antoine.riard/why-we-may-fail-lightning-ee3692de1a55
https://archive.vn/BHFvD archived because medium's annoying
wow there's a lot here, some of it dotty and some bang on. as so often, let you decide

[Last of the V8s]

1BTC=1BTC= 18,000,000 USD

My body is ready.

Notes on concepts and methods Net worth, or “wealth,” is defined as the value of financial assets plus real assets (principally housing) owned by households, minus their debts. This corresponds to the balance sheet that a household might draw up, listing the items which are owned, and their net value if sold. Private pension fund assets are included, but not entitlements to state pensions. Human capital is excluded altogether, along with assets and debts owned by the state (which cannot easily be assigned to individuals).

it's just household wealth. pointless. better start working out that body. Hal is Great, but not our God

[LFC_Bitcoin]

@BTC_JackSparrow
#BTC  if history rhymes


Clearer image - https://twitter.com/btc_jacksparrow/status/1310741424430673920?s=21

[El duderino_]

it's just household wealth. pointless. better start working out that body. Hal is Great, but not our God

Naaaaaah planB is 

[Dabs]

I'll take even just $1m. Even if you have to wait 20 years from now. It just seems like it might be sooner than that, or at least we are in the middle of the journey.

[Arriemoller]

good post as ever. you should write a book. with these brrr events coming it will mean a 15% dip is no worries either, it'll probably be more like 30%, then we hope to reject it with the proverbial rusty pipe. the long term is fine as you say, but we are in for a new-fangled bottom, well below 10k.

Trump don't want handover the president power went to new rules make for america, the point election impact on Covid-19 also trump make election to the situation. Right others button point 10k-11k range break out as soon as possible like in market.

https://www.udemy.com/course/english-course-for-beginners/

[Arriemoller]

I'll take even just $1m. Even if you have to wait 20 years from now. It just seems like it might be sooner than that, or at least we are in the middle of the journey.

One mill or close to that will be in about five years if the cycles keep rhyming like they have until now.

[Arriemoller]

The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365.

You forgot to mention the entire mainstream banking system.

Edit: ...and media propaganda system.

Oh I definitely forgot about that last one. Can you imagine if the MSM no longer had the internet to spread propaganda, lies, and fake news? To get the people all riled up? Hell they would blow a fkn gasket...

Actually, the MSM is the only ones that still use printed newspapers, they are the only ones that will be able to get their news out if the internet goes down.

Edit: and radio waves.

[VB1001]

One of Hal Finney's lost contributions to Bitcoin Core to be 'resurrected'

In a February 8, 2011 post on Bitcointalk, Finney said that reading a book titled “Guide to Elliptic Curve Cryptography” by Hankerson, Menezes, and Vanstone, gave him an idea of how to speed up signature verification by 25%. In the following post from the same day, Finney announced that he had already written “test code” and uploaded it to the Github repository. However, there was a problem with Finney’s proposal — his method had already been patented by someone else.

https://cointelegraph.com/news/one-of-hal-finney-s-lost-contributions-to-bitcoin-core-to-be-resurrected

Bitcoin Forum > Bitcoin > Development & Technical Discussion Speeding up signature verification
https://bitcointalk.org/index.php?topic=3238.0

[jojo69]

https://botach.com/battle-steel-level-iv-10x12-ballistic-plates/

[VB1001]

edit:


https://www.reddit.com/r/Bitcoin/comments/gabq18/fucking_legend/

[Last of the V8s]

hmm  twitter spat with swan bitcoin CEO semi-doxing PlanB https://twitter.com/100trillionUSD/status/1310637651482030080?s=20

[JimboToronto]

Good morning Bitcoinland.

Barted back down to where we were for most of the past week... currently $10754USD/$14420CAD (Bitcoinaverage).

October soon. Go Bitcoin go.

They need new shapes, Bart's old.

How about "Stairway to Heaven"?

[Toxic2040]

[600watt]

hmm  twitter spat with swan bitcoin CEO semi-doxing PlanB https://twitter.com/100trillionUSD/status/1310637651482030080?s=20

what an entertaining shitshow. cory really seems to hate planB and doxxed planB age and other stuff. I have heard planB on podcasts and he sure does sound like he is in his 40ies or so. cory says he is in his early 20ies.  planB is hinting that cory used swanbitcoin customer data, which cory is the CEO of. cory is very busy defending his attack, planB is silent.

Peter McCormacks is tweeting that he thinks planB is 100trillion years old.

is that what has happened?

I feel like a trashy tabloid reporter.  

[xhomerx10]

hmm  twitter spat with swan bitcoin CEO semi-doxing PlanB https://twitter.com/100trillionUSD/status/1310637651482030080?s=20

what an entertaining shitshow. cory really seems to hate planB and doxxed planB age and other stuff. I have heard planB on podcasts and he sure does sound like he is in his 40ies or so. cory says he is in his early 20ies.  planB is hinting that cory used swanbitcoin customer data, which cory is the CEO of. cory is very busy defending his attack, planB is silent.

Peter McCormacks is tweeting that he thinks planB is 100trillion years old.

is that what has happened?

I feel like a trashy tabloid reporter.  

  If he was an undergraduate in 2011, working at a third-tier bank as an actuary, he had likely graduated in 2011 so he is in his probably in his early thirties.
You have the skill set of a trashy tabloid reporter    If you need a reference for your résumé, I'm your man.