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

[DIA7]

tv screen gif

Already feeling sorry for what’s gonna happen to those poor souls

time to look for the keys for those old wallets where you keep those shitforks and airdrop.
But still gas fees for those ERC20 tokens is gonna cost more then a kilo of shitcoins.

[sirazimuth]

https://finance.yahoo.com/news/iran-reportedly-seizes-45k-bitcoin-083734251.html

[LFC_Bitcoin]

[JayJuanGee]

Don’t worry just when it starts to get boring something always turns up.

Every day is a surprise. this is Bitcoin

Well tbh, after following crypto (sorry for using that term Jay... don't bat-slap me) for past 7 years, nothing in the Bitcoin theater surprises me any more....

 

[AlcoHoDL]

Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue. It's the only language corporations will understand; it's the only way to keep them on their toes.

In a documentary I watched around 20 years ago, it was mentioned that the cost of human life in an aviation accident was valued at $250,000 per person. So, it was said that aviation companies would do a budget analysis of the cost of fixing the technical problem vs. the lives lost because of it, and the cheapest course of action would be chosen. Not sure how relevant this is today.

I think there ought to be strict technical requirements for the design specifications of such automatic control systems in aircraft. Having only one sensor as the input to a system capable of automatically taking over the controls of an aircraft should be an instant red flag. I'm a control engineer, and routinely include redundancy in my designs, so that the chances of a critical failure are minimized. Even in the event that a failure does occur, there should be systems in place that disable the failed units and smoothly return control to the pilot.

I read Hueristic's article and was surprised that such a poor design of the MCAS system was given the green light. Flight tests are not sufficient, there should have been strict inspections at the design level. The fact that a system passes a set of flight tests just means it works in the conditions it was subjected to, not in every possible situation. Experienced engineers should have inspected the design and should have rejected it straight away when they saw that only one sensor was being used. Such a system will probably pass all flight tests with ease, but it's still a failed design.

Similar guidelines exist in weapon systems design. There may be complicated electronics that solve the fire-control system problem, but the firing command is usually sent to the weapon "outside the loop", by means of mechanical switches that simply short-circuit two wires. It may sound simple, even primitive, but it is very robust and gives total and exclusive control to the weapon system operator, no computer is allowed to fire the weapon on its own.

[Hueristic]

Bean counters at Boeing got away with a $2.5B slap on the wrist for the 737 MAC debacle. Cost of doing business.

And I'd be willing to bet the scumbag that made that decision got a golden parachute and that is why this keeps happening. those running things never have to pay the piper, all the rest of us do.

The current and former employees, many of whom spoke on the condition of anonymity because of the continuing investigations, said that after the first crash, they were stunned to discover MCAS relied on a single sensor.

“That’s nuts,” said an engineer who helped design MCAS.

“I’m shocked,” said a safety analyst who scrutinized it.

“To me, it seems like somebody didn’t understand what they were doing,” said an engineer who assessed the system’s sensors.

https://www.nytimes.com/2019/06/01/business/boeing-737-max-crash.html

You can bypass the paywall with ublock origin addon.

There were more than one instance/people at various design and implementation stages that would have become aware of that. Seems like management or whoever suppressed critical thinking on relying on a single sensor for MCAS. Also, in extreme test routines the problem would have already appeared in the simulator.
Boeing looking like amateurs now.

https://www.youtube.com/watch?v=SiB8GVMNJkE

[Hueristic]

Hey, so, like, fair warning.

We are two days away from inauguration, and from some of the fringe scenarios I've been reading, things are likely to range from Nothingburger to Biblically-Apocalyptic.

Just a reminder, that any political talk about any US political figures, will be met with "tastefully" censored, horrible, awful yaoi, within this thread.

Let us keep our eye on The Corn, and not get distracted by the fall of Western Civilization.

Please do not test me.

I beg of you.

I'm trying to be way more chill in 2021, and you guys can really help me out in that regard.

nohomo brohugs

Is it OK if we can still hate ALL politicians?
asking for a friend...

[marcus_of_augustus]

China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.

They learn fast, but the key is they can't innovate for shit. Mostly copying other peoples' ideas. Which means they are always 1 step behind.

... lack of innovation is a typical characteristic of communist/socialist regimes and it is no mystery why, because lack of individual economic incentives have been removed (no risk, no reward for the individual, no innovation)

... the "they learn fast" bit is because they have the commissars gun pointed at their head, if they don't pick it up quick their family disappears or otherwise threatened, disadvantaged, etc. It all runs on favours, graft, kickbacks, etc.

... USSA is heading that way

[julian071]

China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.

They learn fast, but the key is they can't innovate for shit. Mostly copying other peoples' ideas. Which means they are always 1 step behind.

They actually CAN innovate, in some respects in a much more efficient way as they are not hampered by the evil capitalist IP-thingy. https://www.youtube.com/watch?v=SGJ5cZnoodY&t=3s&ab_channel=WIREDUK

As you can see, they actually innovate new products which are then branded by EU or US companies. Next step is the branding itself - anybody seen those commercials for Haier lately?

[d_eddie]

Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue. It's the only language corporations will understand; it's the only way to keep them on their toes.

In a documentary I watched around 20 years ago, it was mentioned that the cost of human life in an aviation accident was valued at $250,000 per person. So, it was said that aviation companies would do a budget analysis of the cost of fixing the technical problem vs. the lives lost because of it, and the cheapest course of action would be chosen. Not sure how relevant this is today.

Hit them where it hurts - in their wallets. That's why I say any fixed amount is inadequate if we really want to prevent such accidents. 250k * n, where n is the max number of people onboard, is paltry when compared to 1-2 years of corporate income. I think 1 year would be a very good deterrent. The whole board would become extremely careful, especially since there could be additional liabilities to all the shareholders if specific negligence were to be found. Imagine a class action not from the victims, but from the shareholders too...

[marcus_of_augustus]

30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor

... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.

[d_eddie]

Bawwwwb!!!! ^^^
 

[vapourminer]

Bawwwwb!!!! ^^^
 

rusty pipes at the ready sir

[somac.]

Who coined the "pump for ants" phrase? Was it Bob?

This is so cool.

Yes, i think so. I didn't find the original post, but afair he posted a message in colored caps (purple or blue), big font size over two lines:

WHAT IS THIS?
A PUMP FOR ANTS?

several months ago. I can remember it quite clear because it was a "visual" kind of post.

I also think it was a reference to Zoolander

https://www.youtube.com/watch?v=7ffj8SHrbk0

[Hueristic]

Call out the Dogs!

[lightfoot]

They actually CAN innovate, in some respects in a much more efficient way as they are not hampered by the evil capitalist IP-thingy. https://www.youtube.com/watch?v=SGJ5cZnoodY&t=3s&ab_channel=WIREDUK

As you can see, they actually innovate new products which are then branded by EU or US companies. Next step is the branding itself - anybody seen those commercials for Haier lately?

Oh great, an hour video. Let me get some popcorn....

Meantime, I'm going though old wallet backups to see if I left any bitpennies under the couch. Damn it takes days to replay the transactions on 2015 era wallets.

[lightfoot]

Bawwwwb!!!! ^^^
 

You actually have Marcus off ignore? Man if I get dick in ass pictures due to people who are easily killfiled I'll be annoyed.

I need the gaping asshole to *mean something*

[Wekkel]

Reasoned piece in NYM: https://nymag.com/intelligencer/amp/2021/01/why-is-bitcoin-making-new-all-time-highs.html?__twitter_impression=true

Key quotes:

The entrepreneurs working to make cryptocurrency easier to acquire, hold, and transact with have been working diligently to improve this financial plumbing in anticipation of a full-scale monetization event. Today, it seems that this moment may be upon us.

The first time, your interest may be piqued, but you are wary of buying into something that looks like a bubble. The second time, you realize that what you mistook for a bubble was in fact a cyclical process in a longer-term trend.

Personally, I think the story is far from done and that this revolutionary digital asset still has a long way to run.

Good stuff. Don’t sell cheap  

[xhomerx10]

30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor

... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.

  Come on marcus!  You're far too serious about your right to free speech to feel censored by the mere threat of Bob exercising his right to free speech.  Also, we're Bitcoinists - the very antithesis of sheeple.
 

[nutildah]

Just a reminder, that any political talk about any US political figures, will be met with "tastefully" censored, horrible, awful yaoi, within this thread.

Let us keep our eye on The Corn, and not get distracted by the fall of Western Civilization.

Word. I agree to take this pledge as a temporary measure to help restore sanity in the WO.

I'm leaning toward nothingburger. We'll know one way or another in less than 48 hours.