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

[JSRAW]

Elwar's story should make us all sad and wary.

Ed i love you bro, you know that * no homo

I know you are sentimental individual and support the cause kind of guy but sorry to say. If elwar story makes you sad then i feel that you didn't travel much or saw anything any dramatic irl, minus corn drama.

Thanks bro. I've seen my share of drama, real life and fiction. The reason why that story makes me sad and wary is because it shows the level of opposition "freedom" projects can expect to face.

Not agree with you but i respect that and i love you anyway nohomo

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[Arriemoller]

Good morning Bitcoinland.

Still consolidating just a smidgen higher than yesterday and the day before... currently $23565USD/$30135CAD (Bitcoinaverage).

Let's keep this slow controlled rise going... not too fast.

Go Bitcoin go.

have you heard that Elwars cruise ship Satoshi is getting scrapped?
They couldn't get insurance.

https://mailchi.mp/ba2ecae563e0/satoshis-final-voyage?e=613696359f

Is anyone really surprised?

Of all the mainstream financial rackets, insurance companies perhaps are the worst.

They hate Bitcoin.

Thank you for correcting my spelling error (that I just noticed).

[seek3r]

[serveria.com]

Possibly, but Elwar has a vision, and I say its better to spend your time on the planet pursuing that than ways to re-invest your already substantial wealth. Breakthroughs are made by giving new ideas a go, ala Bitcoin in our mutual instance. That kind of spirit should be encouraged.

I mean he's got a great idea of truly independent new state or community but I still think he chose a wrong way to reach his goal. It should be much easier to bribe some corrupt officials of some 3rd world microstate to let them use their land for your needs. Then declare autonomy and independence etc...    

[OutOfMemory]

I don’t have a lot of coins so I really need $100k+ for it to matter in a life changing way..

I’m pretty comfy being poor though.. Have been poor all my life..
I am very self sufficient so I can do, enjoy, and have a lot while spending very little..
I don’t need as much $$ because I don’t need to hire everyone else to do things for me.. I can do most everything on my own..

My dream is to have a long vacation in a sailboat around the world..
I don’t need a massive expensive boat and can do all the maintenance work myself.. So like $50k for a boat buy/maintenance budget and basically money for food/expenses to last atleast a few years..
If god is kind he will smite me down in a hurricane before I run out of food money so I never have to go back to the rat race..

I also don't have the many bitcoins to substantially change my life @$100k, but i don't care. Here's why:
See, i don't even want to get filthy rich with my few bitcoins, it's enough for me if a fraction of it buy me a new van.
The main part of my "stash" is being fully invested into the next great project: The future of my kids.
Each of them gets an equal share in the future. Not in the form of fiat, the will get a paper wallet.
If only one of the four will probably get filthy rich by the help of these coins, i will be more than just satisfied.
Most richies only buy things. Things can't make you happy. If you know you have bought a few coins at the low price your kids will never have a chance to see again, and that you were giving your fiat to compensate this for them, my friend, i can tell you it already makes me happy today, at only a tad below $24k!
Life is more about what you are able to give, not what you may or may not get, imo.

Guess what makes you more happy...

Look at Bawb (and Rick).

Use your corn to give, not to take. The only way to make you happy.

[Tash]

Talking about all ahead one third, have you heard that Elwars cruise ship Satoshi is getting scraped?
They couldn't get insurance.

https://mailchi.mp/ba2ecae563e0/satoshis-final-voyage?e=613696359f

Elwar is a likable guy, but I've never understood his obsession with seasteading. I guess that, when you become super-rich, something screws up in your head and you become obsessed with pointless, impossible tasks. Risto Pietila comes to mind. It's sad, really.

Trying to go against nature is a futile, pointless task, as is trying to go against the establishment without a feasible plan. Taking the law on your hands and setting up a seastead in the middle of the ocean is madness and delusion combined.

IMHO.

https://en.wikipedia.org/wiki/Republic_of_Rose_Island

There is many such places:

Ahkzivland: The Peaceful Middle Eastern Micro-nation  https://www.youtube.com/watch?v=so0VSVCkShQ
Bir Tawil  https://www.atlasobscura.com/places/bir-tawil-1
Republic of Saugeais https://www.meridian.net/france/2017/1/4/14166744/saugeais-micronation-france
Republic of Cascadia https://zapatopi.net/cascadia/
and what a surprise Liberland https://liberland.org/en/news
....
Insurance for the most part are scams, except when something is purchased with credit. Its insane to pay for someones medical bills if only junk food is consumed.  


Edit:
Other Citadel settlements
Republic of Abkhazia  https://againstthecompass.com/en/travel-abkhazia/  
South Ossetia   https://en.wikipedia.org/wiki/South_Ossetia
Ladonia https://www.ladonia.org/

[ivomm]

Elon Musk tweet discussion 

[d_eddie]

Possibly, but Elwar has a vision, and I say its better to spend your time on the planet pursuing that than ways to re-invest your already substantial wealth. Breakthroughs are made by giving new ideas a go, ala Bitcoin in our mutual instance. That kind of spirit should be encouraged.

I mean he's got a great idea of truly independent new state or community but I still think he chose a wrong way to reach his goal. It should be much easier to bribe some corrupt officials of some 3rd world microstate to let them use their land for your needs. Then declare autonomy and independence etc...    

The same officials that you bribe will screw you over immediately as the going gets tough.

[serveria.com]

Possibly, but Elwar has a vision, and I say its better to spend your time on the planet pursuing that than ways to re-invest your already substantial wealth. Breakthroughs are made by giving new ideas a go, ala Bitcoin in our mutual instance. That kind of spirit should be encouraged.

I mean he's got a great idea of truly independent new state or community but I still think he chose a wrong way to reach his goal. It should be much easier to bribe some corrupt officials of some 3rd world microstate to let them use their land for your needs. Then declare autonomy and independence etc...    

The same officials that you bribe will screw you over immediately as the going gets tough.

That's entirely possible, that's why you'll need some skills: like for example you have to be a good negotiator, great at politics (read: lying) etc.. you'll also most probably need a bunch of good friends who share similar views. Then you have much greater chance to succeed than in a seapod floating in the middle of nowhere.  

[Torque]

Elon Musk tweet discussion 

How such a progressive, futuristic person such as Elon Musk could *not yet* be onboard with Bitcoin treasuries full tilt is completely beyond me.

I could say the same for such companies as Microsoft, Apple, Google, Amazon, etc.

Methinks that powerful people have kept them dissuaded for years now.

[Biodom]

Nice pic, but here is my "scientific rebuttal". On a flat surface, the horizon is 3.1 miles away. On a 100ft hill, the horizon is 12.2mi away.
Let's say, the horizon is 10mi away, but i can see another citadel in any direction, therefore, Citadels are in approximately 10mi grid, which means roughly 4 citadels in 100 sq miles, which could mean about 380000X4=1520000 citadels in US size area, give or take, more or less the same for China and Canada, in Russia-up to 2.62 mil "citadels".
Therefore, the number of citadels approximates the number of btc at this density  

Conclusion: either much less citadels OR at each citadel top is the "Emperor" with less than 1 btc.

[Paashaas]

A fast spreading strain of Covid-19 has emerged in England, this mutation is 70% more transmissible.

London and South East in tier 4 lockdown.

Belgium, Italy, Netherlands, Czechia, France, Ireland, Austria and Germany suspending flights and train arrivals from England.

This is not looking good, fingers crossed if it does not effect vaccine effectioness.

[Gyrsur]

Wall Street Traders Were VERY Intense in 1980. This Is Real!

Lorde - Yellow Flicker Beat (Hunger Games)

Lorde - Yellow Flicker Beat (in the Live Lounge)

[xhomerx10]

A fast spreading strain of Covid-19 has emerged in England, this mutation is 70% more transmissible.

London and South East in tier 4 lockdown.

Belgium, Italy, Netherlands, Czechia, France, Ireland, Austria and Germany suspending flights and train arrivals from England.

This is not looking good, fingers crossed if it does not effect vaccine effectioness.

 The natives are too restless!  There are too many damn protests in London!
 
 Release the new strain.

[lightfoot]

Just staying locked down here. Oi, just sitting watching bitcoin go up.

[Biodom]

A fast spreading strain of Covid-19 has emerged in England, this mutation is 70% more transmissible.

London and South East in tier 4 lockdown.

Belgium, Italy, Netherlands, Czechia, France, Ireland, Austria and Germany suspending flights and train arrivals from England.

This is not looking good, fingers crossed if it does not effect vaccine effectioness.

More transmissable!=more deadly
The virus evolutionary "success" is in propagation, therefore it is always optimizing for transmission vs "killing"
"you got 'them masks...I'll show you.."...13 freaking mutations-that's a long branch.

In the other news...Elon...lol.

[Paashaas]

A fast spreading strain of Covid-19 has emerged in England, this mutation is 70% more transmissible.

London and South East in tier 4 lockdown.

Belgium, Italy, Netherlands, Czechia, France, Ireland, Austria and Germany suspending flights and train arrivals from England.

This is not looking good, fingers crossed if it does not effect vaccine effectioness.

 The natives are too restless!  There are too many damn protests in London!
 
 Release the new strain.

According to the Universitie's of Cambridge, Edinburgh, Birmingham, Oxford, Imperial College London, Wellcome Trust Sanger Institute, Cardiff University and MRC-University of Glasgow Centre for Virus Research, this new strain is real.

Fck those protesters they should be locked up until this is over.

Conclusion: We report a rapidly growing lineage in the UK associated with an unexpectedly large number of genetic changes including in the receptor-binding domain and associated with the furin cleavage site. Given (i) the experimentally-predicted and plausible phenotypic consequences of some of these mutations, (ii) their unknown effects when present in combination, and (iii) the high growth rate of B.1.1.7 in the UK, this novel lineage requires urgent laboratory characterisation and enhanced genomic surveillance worldwide.

https://virological.org/t/preliminary-genomic-characterisation-of-an-emergent-sars-cov-2-lineage-in-the-uk-defined-by-a-novel-set-of-spike-mutations/563

[Gyrsur]

A fast spreading strain of Covid-19 has emerged in England, this mutation is 70% more transmissible.

London and South East in tier 4 lockdown.

Belgium, Italy, Netherlands, Czechia, France, Ireland, Austria and Germany suspending flights and train arrivals from England.

This is not looking good, fingers crossed if it does not effect vaccine effectioness.

Hard Brexit and Mutation together. Happy New Year 2021!  

[JayJuanGee]

FinCEN Proposes KYC For Withdrawing Cryptocurrency To Private Wallets 12/18/2020

I 'believe' this only applies to USA BTC/Crypto Exchanges like Coinbase?

https://bitcoinmagazine.com/articles/fincen-proposes-kyc-for-withdrawing-cryptocurrency-to-private-wallets

This shoe just dropped. To me it does not look like that big a deal....and was expected...but I know zip, others on here?

Smarter than myself? I also started a thread for more details. (Hey, it's over my head, need smarter analysis!)

https://bitcointalk.org/index.php?topic=5301400.0

Brad

it does not apply to private hodlers sending bitcoin to each other. only when it touches a companies wallet. which means that every US btc owner will transfer his/her coins to self custody in the next 14 days. less coins available on exchanges = bullish for bitcoin.

I have some difficulities figuring out what to make of these proposed practices that seem to have decent chances of going into effect.  Yeah, of course, they create greater obligations and pretty much deter HODLers from moving their coins to a private wallet, and we still need to know how the fuck the exchanges are going to verify this beyond a mere statement from the HODLer that the wallet that they are transferring to is their own wallet.  Yeah.. burdens.. and perhaps will create some incentives for the creation of more underground kind of transactions..

I am not really going to change too much of what I am doing currently, and will see how it goes.  My personal bitcoin exposure on exchanges is way smaller than it was in 2015/2016, which might have been around xx% or more of my holdings were on exchanges.  Then in about mid 2017 I downgraded to somewhere between about xx%  .. and currently, I  just looked at it, and it appears to be around xx%-ish...  (edited my disclosed percentages for reasons.. hahahaha... you fucks!!!).   I am just going to ride it out, and see what it does.  I have already been KYC'd on those on exchange coins anyhow, and I was not even considering transferring those coins out, even within a variety of scenarios, including having to report them.. those are merely coins that could be liquidated on a BTC run, if I were to so choose.. and yeah, sometimes moving coins around and changing your system based on fucktwats.. whether governments or otherwise, can cause issues too, but I understand the motivation and rationale that comes from what seems to be proposed currently.. and there are likely BTC HODLers who are way too overexposed in terms of NOT even having coins under their own control, and these kinds of proposed practices should cause some reflection upon risks that they are taking in that direction.. and whether that risk is sufficiently balanced.

[OutOfMemory]

A fast spreading strain of Covid-19 has emerged in England, this mutation is 70% more transmissible.

London and South East in tier 4 lockdown.

Belgium, Italy, Netherlands, Czechia, France, Ireland, Austria and Germany suspending flights and train arrivals from England.

This is not looking good, fingers crossed if it does not effect vaccine effectioness.

 The natives are too restless!  There are too many damn protests in London!
 
 Release the new strain.

According to the Universitie's of Cambridge, Edinburgh, Birmingham, Oxford, Imperial College London, Wellcome Trust Sanger Institute, Cardiff University and MRC-University of Glasgow Centre for Virus Research, this new strain is real.

Fck those protesters they should be locked up until this is over.

Conclusion: We report a rapidly growing lineage in the UK associated with an unexpectedly large number of genetic changes including in the receptor-binding domain and associated with the furin cleavage site. Given (i) the experimentally-predicted and plausible phenotypic consequences of some of these mutations, (ii) their unknown effects when present in combination, and (iii) the high growth rate of B.1.1.7 in the UK, this novel lineage requires urgent laboratory characterisation and enhanced genomic surveillance worldwide.

https://virological.org/t/preliminary-genomic-characterisation-of-an-emergent-sars-cov-2-lineage-in-the-uk-defined-by-a-novel-set-of-spike-mutations/563

Not the best news. The idea that mutation happens in chronically infected individuals has to be proven first, but apart of that, vaccines should continue to work, but certain medication may not or less effective.
Interesting that patients were given plasma. In our national hospitals they are all symptom treated, so immune system has to fight the infection all by itself. That's why 5-10% of hospitalized patients end up on an ICU.
Combine that with a rapidly spreading virus. 

So it seems it's mass vaccination as our only vital choice at the time. Safe vaccines will be out by fall 2021, until then we have to use the heavy marketed new-age vaccines, most of them don't block transmission, only weaken covid19 severity by initiating an immune reaction, which makes the virus genome "known" to the immune system.
Tradeoff detected.