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

[arcmetal]

The Bitcoin vs. environment trope is total bullshit.

A widely adopted, deflationary store of value is the only thing with the potential to overcome humanities tendency to instant gratification and rein in the senseless overcomsumption we see today.

If your money is going to be worth more tomorrow than it is today are you going to blow it on some worthless crap at WalMart or IKEA?  No.  You are only going to spend it on things with actual value.

Bitcoin incentivizes the deferral of consumption and planning on longer time frames, as such it is the best thing to happen for the ecology in all of human history.

Thank you! Someone gets it...consuming more energy than Denmark? Bitch, Bitcoin is going to save the rainforest by stopping you from going into debt to buy useless shit.

And once the oil and coal plants get wiped out, and most of the power gets generated by solar, then this whole argument becomes moot.

[JimboToronto]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

Notice how Mindrust never once mentions Bitcoin?

It's all "crypto, crypto, crypto".

Talk about being in denial.

[sirazimuth]

...

Don't make me have to pour one out for you, too, biatch?

...

Trust me bud,  I've poured plenty out tonight, all by my lil selfie.... And now I feel all uppity! ...... burp  burp

gotta love strumming after a few beers.  No matter how bad you play, it still sounds good.
No wonder most musicians are alkies.... ( well the lousy ones anyway, like yours truly)

[heslo]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

Notice how Mindrust never once mentions Bitcoin?

It's all "crypto, crypto, crypto".

Talk about being in denial.

Sometimes you just gotta admit to yourself you fucked up, that way you can move on. I don't think he's anywhere near that yet

[somac.]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

In some sense, some of us likely feel bad for him (referring to Mindrust).. because it is difficult to know how to get such thoughts to stop..

it is a kind of post hoc rationalizing after having had sold too many coins too soon (referring to bitcoin).

If fuzzes up and fucks up the thinking of maybe even the smartest of peeps - kind of demonstrating that we don't want to end up going down that road, because it likely becomes almost impossible to come back.. including the thoughts that you always want to try to stay ahead of the game a bit - but continuing to be overinvested in BTC rather than underinvested, even if a large amount of suffering might have to take place during longer term BTC price corrections that do happen from time to time and we have no reason to believe that they are not going to happen in the future, even though some peeps talk about supercycles that are suggesting that such longer and deeper corrections might not happen from here on out (that is if we enter into a supercycle).

I think mindrust's current behaviour comes from the natural protective reaction of the human mind. It protects the human from going insane, by creating (and amplifying) reasons to justify one's wrong decisions. I wouldn't be surprised to see mindrust behaving 10x like r0ach, shilling PMs and supporting 5G/alien/COVID-19 conspiracy theories.

Yeah this is indeed a natural response, I'm seeing the same thing in an acquaintance of mine. Similar, to mindrust, he made a decision on something that he thought was a certainty and it went bad. Lost a lot of money, then turned to various conspiracy theories which supported his initial decision, and which also suggest that his loss will actually turn out to be an amazing win.

It's depressing to see actually. Psychology is a very interesting, yet depressing topic.

Sometimes you just gotta admit to yourself you fucked up, that way you can move on. I don't think he's anywhere near that yet

I believe that's the secret to having a happy and successful life. Well, that and Bitcoin.

[cygan]

will we see the '50k-valentine's day-USD' today?

[sirazimuth]

I swear, if some wo bro started a separate Mindrust thread, this thread would  lose like 10 pages a day in traffic...

[ChinkyEyes]

His username is quite ironic. Mind "rust", rust meaning peace in Dutch, none of the Dutch/Belgian WO's ever noticed this? One could say his mind is far from peace


On a side note:

Hodling during a bearmarket is tough, hodling and not selling it all during a bull market is even tougher lol

[sirazimuth]

His username is quite ironic. Mind "rust", ....

....says the dude whose username is....ahhh.... nm, don't want to go there.....

[somac.]

His username is quite ironic. Mind "rust", rust meaning peace in Dutch, none of the Dutch/Belgian WO's ever noticed this? One could say his mind is far from peace


On a side note:

Hodling during a bearmarket is tough, hodling and not selling it all during a bull market is even tougher lol

I don't know, I'm finding it very hard to sell even a little bit. When I first invested in 2013 I thought to myself I'll sell some at 40k to fund everything I need. Well, I ain't fucking selling. I'm thinking closer to 100k is when I'll sell now and that will only be a small percentage. I'll be generating an income off the rest, capital gains taxes can go to hell, income taxes on a yield from my BTC, I can handle that.

[Cryptotourist]

In some sense, some of us likely feel bad for him (referring to Mindrust).. because it is difficult to know how to get such thoughts to stop..

I don't feel at all bad for him - maybe pissed off a little.
It doesn't make any sense what he did and what he keeps doing, unless he's on a mission.

BTC could help him recover theoretically, but he's committed to rusty pipes you see.

~ stubborn, sometimes, those lil kiddies.

And don't forget straight up mean.

I would have gotten revenge with furious anger, if you had locked me in a closet uncle Jay.
[sabotage toothpaste, water traps, colors everywhere, computer down, death.to.everything.you.treasure]

I think mindrust's current behaviour comes from the natural protective reaction of the human mind. It protects the human from going insane, by creating (and amplifying) reasons to justify one's wrong decisions. I wouldn't be surprised to see mindrust behaving 10x like r0ach, shilling PMs and supporting 5G/alien/COVID-19 conspiracy theories.

It's his job. Make the best of it.
Also it's just an account. A burn account.

[bitebits]

^ Nah:

[serveria.com]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

In some sense, some of us likely feel bad for him (referring to Mindrust).. because it is difficult to know how to get such thoughts to stop..

it is a kind of post hoc rationalizing after having had sold too many coins too soon (referring to bitcoin).

If fuzzes up and fucks up the thinking of maybe even the smartest of peeps - kind of demonstrating that we don't want to end up going down that road, because it likely becomes almost impossible to come back.. including the thoughts that you always want to try to stay ahead of the game a bit - but continuing to be overinvested in BTC rather than underinvested, even if a large amount of suffering might have to take place during longer term BTC price corrections that do happen from time to time and we have no reason to believe that they are not going to happen in the future, even though some peeps talk about supercycles that are suggesting that such longer and deeper corrections might not happen from here on out (that is if we enter into a supercycle).

I think mindrust's current behaviour comes from the natural protective reaction of the human mind. It protects the human from going insane, by creating (and amplifying) reasons to justify one's wrong decisions. I wouldn't be surprised to see mindrust behaving 10x like r0ach, shilling PMs and supporting 5G/alien/COVID-19 conspiracy theories.

Yeah, exactly this. I can see mindrust turning into a racist chauvinistic nazi eventually.... 

[Mbitr]

Remember your one true love today - HAPPY VALENTINES DAY BTC

[Wekkel]

Some, who are former co-inhabitants of WO had fallen into a deeper and deeper state of wrong-sidedness.
https://bitcointalk.org/index.php?topic=5315644.msg56335474#msg56335474

https://bitcointalk.org/index.php?topic=5311098.msg56335845#msg56335845

Notice how Mindrust never once mentions Bitcoin?

It's all "crypto, crypto, crypto".

Talk about being in denial.

If he’s into altcoins, he’s working on getting his number of Bitcoin back. Pray for him. I’ll surely wait for his return.

[HairyMaclairy]

Exactly this.  Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake.  Only currencies do not require anything to be added.  

can be fake...maybe...not sure if 100% true due to decentralized oracles.
without going into too much detail, here is some info on the underlying problem and an attempt to find a solution.
https://medium.com/better-programming/what-is-a-blockchain-oracle-f5ccab8dbd72

I am not sufficiently math savvy to ascertain whether it is a real solution or not..js
it seems that bitcoin does not need that, but some sidechains might.

Assassination markets surely do.

I discovered an article while researching bitcoin, some time before buying my first. When I first read it, bitcoin was very young (I think the article itself predates Satoshi's public work) and believed to be practically anonymous. The fact that it isn't anonymous is not actually relevant as long as other private coins exist, or privacy can be enhanced with add-ons.

There was no Wikipedia article on assassination markets then, but the revolutionary implications of this idea struck a chord. I had a flash of Bitcoin's potential to change the world, finance apart.

Here's the article, still in its original form: Assassination Politics.

Hang on a second here.  Assassination markets have nothing to do with blockchain.  Yes they are arguably more efficient when using cryptocurrency but we already know that dark markets get busted / do a runner constantly.

So while there is a theoretical argument for assassination markets (which tends to fail in real life), it doesn’t prove the case for blockchain.

Biodom I will have to read your link.  

Edit:  Biodom I have read the link and am none the wiser.  Do these decentralised oracles vote?  What stops sock puppet attacks?

[JohnBitCo]

[HairyMaclairy]

Exactly this.  Blockchains applications which are not currencies are worthless because any extraneous data added to the blockchain can be fake.  Only currencies do not require anything to be added.  

Not necessarily worthless. You can add a fake piece of information, but it's timestamped. What matters more, it forces you to fake later info related to the first fake piece. You can't go back and fix the logs after the fact. This can be valuable even if the info itself could be fake.

As someone who pays other people to sanitize databases, I disagree.  A large database where you know 1% of the data is invalid but you don’t know which 1%, means you have to validate the entire database from top to bottom for mission critical applications.  

So any errors in a database can easily invalidate the entire database.  It all depends on the severity of the consequences of relying on bad data. For non-mission critical stuff, 90% correct might be just fine.

For a blockchain application where people are putting their trust and faith in the blockchain, that sounds mission critical to me.  

[fillippone]

SO FUCKING BORED.

Can we please hit $50k already?

I don't feel I'm asking for very much.

The big boys are just teasing us.
Come on now bros, 50k deserves a lot of foreplay... doncha think?

****


Good lord. fillippone not even 1000 activity and approaching 5000 merit (and no airdrop)...respect.

jeeezus christ! I just noticed (s)he not legendary! wtf??

I'm a freak, I know.

[HairyMaclairy]

That $50k resistance is just slowly being pounded away.

At dawn the ravens will gather to feast on the corpses of the shorts.