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

[Krubster]

No it shares the same algorithm  as btc thus is not needed or safe since it is subject to a 51% attack every day of its life.

Sorry, I forgot to add /s
 

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[El duderino_]

I give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH.

Perfectly working chain of “metal” blocks

[Torque]

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

But...bbut...the media has spent nearly every day for the past 9 years saying Bitcoin was a scam, a fraud? That it had no future?

Were they...lying to us? 

[JSRAW]

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

But...bbut...the media has spent nearly every day for the past 9 years saying Bitcoin was a scam, a fraud? That it had no future?

Were they...lying to us? 

Majority of media were also reluctant to say that Covid is not generated in the Wuhan.

[BobLawblaw]

Please don't tell me that you were seed investor  

Fuck no. I'm not into altcoins at all. BTC maxi all the way. The question was about other working blockchain products, and I noted one that interests me, due to its IPFS roots.

Dumped all my memestocks at market open, and bought a nice healthy block of corn @ $36,800. /r/wallstreetbets moderators being so blindly negative on Bitcoin ultimately turned me off their entire community and activism.

Decided I no longer wanted to be a part of it.

Back to degenerate sat stacking.

Back where I belong.

[friends1980]

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

But...bbut...the media has spent nearly every day for the past 9 years saying Bitcoin was a scam, a fraud? That it had no future?

Were they...lying to us? 

Damn, I was really planning to spend my bags on coke and guns. You mean, there's legal opportunities using Bitcoin?

[macson]

https://twitter.com/ICOffender/status/1308669800286220288

plays in endless loop during my writing!  

we broke the important line in USD yesterday (UTC) and in EUR today (UTC). stay tuned and be patient!!111

patience is diamond BITCOIN!!

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

capitalists join the party

[psycodad]

I give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH.

Perfectly working chain of “metal” blocks

The Dude confused traction and transaction here..  

[Elwar]

i give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH based erc20 scams or defi scams. i mean in the real world. it has been 12 years since the bitcoin white paper and more than 5 (how many exactly?) years that the "blockchain-not-bitcoin" narrative gets spun.

it took facebook 4 years to reach 1 billion customers.

it took the "blockchain industry" 4 years to develop zero products and therefore zero customers.

and no, BAT token does not count. no blockchain necessary there.

blockchain my ass.

nice title for a book.

edited, stopped offer...

LBRY

It's just about the only place now where I can watch interesting content these days.

But ya, the whole ICO thing was a bust. There were several projects that I wish worked out but they were simply a white paper. And you have to question the incentive structure of the premine or ICO. If you don't have something set up where the money is slowly doled out to developers over the course of X years then you have founders who make bank in the first weeks of the ICO where the price skyrockets, they take everyone to a big party in Vegas to celebrate, blow a shitload of money on Lambos then close up shop because they don't have to work their asses off...they're rich.

I'm starting to realise that just about any new business loses its founder support after about 2 years. Someone had an idea, they got a few other people excited about it, they set out to make it happen with some euphoria of early successes and get more support...but there's only so much excitement you can have over an idea. I think the excitement wanes over time and it is that excitement that is necessary to keep people motivated.

If I were an investor in real world stuff I'd buy small businesses at the 2-3 year mark. I used to own a bar and we happily sold it off at about the 2 year mark for pennies on the dollar. We'd done the "let's create an awesome bar with live bands" thing...it seemed cooler in the beginning than after 2 years of dealing with the every day difficulties of running a business.

Jeff Bezos finally stepped down as CEO of Amazon after 20 years. If you can work your ass off on a dream for 10-20 years then you deserve the success he has.

[Dabs]

/r/wallstreetbets moderators being so blindly negative on Bitcoin ultimately turned me off their entire community and activism.

It's all fine. It's probably just the auto-mod-bot. They turned on an auto-mod bot to take care of 5 million new users who probably post stuff they're not supposed to, including anything crypto / bitcoin.

There is a sister reddit called satoshistreetbets or something, but it's significantly smaller.

I'm just holding my meme stock since it's worthless at this point and just need something to get squeezed, and as long as DFV is still holding his.

[Paashaas]

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

But...bbut...the media has spent nearly every day for the past 9 years saying Bitcoin was a scam, a fraud? That it had no future?

Were they...lying to us? 

Blast from the past.

[cAPSLOCK]

This looks really good...

When the volume starts to come in....  WHEEE

[El duderino_]

I give 10 merits if one can name me a working blockchain product. other than bitcoin. other than any ETH.

Perfectly working chain of “metal” blocks

The Dude confused traction and transaction here..  

A wizard is never confused

[Elwar]

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

But...bbut...the media has spent nearly every day for the past 9 years saying Bitcoin was a scam, a fraud? That it had no future?

Were they...lying to us? 

Blast from the past.

Well, they really haven't changed their stance there. They're allowing people to buy and sell bitcoin through their banks. So they're just becoming more like an exchange.

[Gyrsur]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

Filecoin does not count. Why do I have to invent a new coin to drive the incentive layer of IPFS?

I will tell it to you. To get richer than with Bitcoin.

EDIT: maybe Spacemesh (Blockchain beyond) is worth a look on it but at the moment they struggle a bit like in Alpha state.

[d_eddie]

A successful, viable blockchain project is one where:

1) You absolutely need the blockchain part, and could not substitute another cleaner, faster, perhaps even cheaper tech to do it better or to replicate the same tech/functionality.

2) The token part serves some purpose other than a form of money or money transfer.

3) The solution is not still looking for a problem that either doesn't exist, or is not really a problem in the real world.

4) The solution is routinely used by hundreds of thousands of people and companies everyday around the world, 24/7/365. Because it is an awesome solution.

Most blockchain projects fail #1 and #2 right out of the gate.

All of them fail #3 and #4, even if they are "working".

+1 WOsMerits

Their mantra is "blockchain, not bitcoin" remember?

Or perhaps, "blockchain, not token" because they believe the token part is irrelevant to the holier than thou blockchain tech. Yet they sell tokens anyway. And without the token they would have nothing.

Sure, blockchain is an important part of Bitcoin but it is no more important than decentralization, proof-of-work, peer-to-peer networking, pseudonymity, or limited supply.

Those who hate these attributes of Bitcoin are quick to jump on "blockchain tech" to try to explain away Bitcoin's success. If only they could patent it and license it out to other companies. How dare Bitcoin not have a CEO, shareholders, a brick-and-mortar headquarters, and a website.

+1 WOsMerits

[d_eddie]

Visa announced it's now working on allowing customers to buy and sell Bitcoin through their own banks.

https://www.coindesk.com/visa-anchorage-crypto-apis-pilot-for-banks?amp=1&__twitter_impression=true

But...bbut...the media has spent nearly every day for the past 9 years saying Bitcoin was a scam, a fraud? That it had no future?

Were they...lying to us? 

Damn, I was really planning to spend my bags on coke and guns. You mean, there's legal opportunities using Bitcoin?

No CP? That's the #1 use case for that crim token.

[Elwar]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

Filecoin does not count. Why do I have to invent a new coin to drive the incentive layer of IPFS?

I will tell it to you. To get richer than with Bitcoin.

EDIT: maybe Spacemesh (Blockchain beyond) is worth a look on it but at the moment they struggle a bit like in Alpha state.

After installing Brave I tried to open an IPFS file. I haven't been able to open any. It just hangs.

[d_eddie]

/r/wallstreetbets moderators being so blindly negative on Bitcoin ultimately turned me off their entire community and activism.

It's all fine. It's probably just the auto-mod-bot. They turned on an auto-mod bot to take care of 5 million new users who probably post stuff they're not supposed to, including anything crypto / bitcoin.

There is a sister reddit called satoshistreetbets or something, but it's significantly smaller.

I'm just holding my meme stock since it's worthless at this point and just need something to get squeezed, and as long as DFV is still holding his.

My meme stock isn't "worthless" yet. Soon we will have more reliable short interest data (old, but real - not estimates). Until HFs are out of the pit, the squeeze can still be squoze.

BTW, no big dip today ATM, it's holding its ground just fine. Oh, it may be just a coincidence that the NYSE had to stop shorting at prices under the current best bid? It's automatic after a stock has a daily drop larger than 10%.

[Gyrsur]

i give 10 merits if one can name me a working blockchain product.

Filecoin.

Filecoin does not count. Why do I have to invent a new coin to drive the incentive layer of IPFS?

I will tell it to you. To get richer than with Bitcoin.

EDIT: maybe Spacemesh (Blockchain beyond) is worth a look on it but at the moment they struggle a bit like in Alpha state.

After installing Brave I tried to open an IPFS file. I haven't been able to open any. It just hangs.

the idea to have an new real decentralized and permissionless Internet is good but you have to think big for it. the incentive layer should be solved with Bitcoin of course.

EDIT: I thought about it once and about DHT. the design of the incentive layer is tricky. e.g. who should get an incentive and who should pay for it. and should it be an auction system like Google has it for selling Ads.

I do not see the real value of IPFS and Filecoin of Juan Benet. if I would came up with a project like this I would stay anonymous like Satoshi. revealing my name is for the fame or for the money.

EDIT2: so you will start like Google in 1996. you need someone which will provide Space and should get an incentive for it. and you need someone who is willing to pay the incentive for hosting the content. but how do you start? what was the incentive for Google to start crawling Internet sites and host it in their cache? in 1996 there was the idea and venture capital. Google payed it back much later but then multiple.

EDIT3: the technologies are all existent. what you need is the idea for the incentive part. this incentive part should increase the greed of the people which will start to participate on the project. this is the secret of Bitcoin and Satoshi Nakamoto.