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

[Biodom]

Another "critic" who will probably lose 60-70% (at least in buying power) pretty soon:
https://finance.yahoo.com/news/eager-told-paul-singer-warns-175541872.html
In fact, going short Buffett, Munger, Singer (golden oldies portfolios) would probably be a great trade soon, if it is not already.

[xhomerx10]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

 Grattis pa 60 arsdagen!

[JayJuanGee]

@Mishacrypto_com
#Bitcoin  ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21



Know what I’m sayin’

I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year.

Yeah, we would NOT want bitcoin prices going parabolic expectedly unexpectedly in the near-term future.  

That would sure suck!!!!!

It's not like I had not (I am sure that others, too) been stacking sats for the past over 7 years (sure time periods are going to have varied, but anyone in bitcoin for over a few years would have had time to stack some sats decently, no? - even you somac spomac - been on the forum as long as me), and I would hate for our lillie fiends to go up in value too quickly.  

If I accidentally deposit $1000 to your account, I cannot just say to the bank "I'm sorry, I made a mistake, I want my $1000 back". I have to contact you and kindly ask you to send the money back to me, and you can refuse to do so for whatever reason.

Depending on who you are, you certainly can. Hence Bitcoin.

Correct. If you have an unexpected windfall at a bank (error transfer) that is classified as "not reasonable" then yes you have to give it back. Sucks, but that's life. Now if you deposit extra money to pay a debt in error then the holder of the debt does NOT have to give it back as it is a payment against the debt.

Bitcoin fixes the above issue.

That said, if someone dropped 100btc into my account by mistake I would refund it. Because it's the right thing to do and laying claim to something that isn't mine would corrupt my soul. That's worth way more than 100btc to me.

I tend to agree with you - in principle, but 100BTC?
I am pretty confident the decision to return that amount would have to age for quite some time with me.
But yeah, rather sleep well than keeping something that is not yours.

Ethically, you could request a 1% to 10% finder's fee without necessarily suffering from any moral quandaries..... I personally don't really need any more BTC, so I am just saying hypothetically, and maybe if I did feel a need to request any kind of fee it would be on the lower end of that 1% to 10% range.

now for example, if you knew that it was some diptwat like CSW that sent you such 100BTC accidentally, that could end up skewing your judgement in terms of NOT feeling morally compelled to send any back... except maybe 1% as a kind of thanks for the BTC.. and a message that says:  "I will find a good place to put these BTC to great and productive uses, since you, diptwat, are morally bankrupt and you do not deserve any BTC beyond the jailcell that you do deserve but have not yet received."    

[yefi]

Synthetic meat may sound like a decent idea but people typically think of the final stage where presumably chunks of cloned meat are cut off in a vat with no cruelty or pain to animals. The issue is that animals are pretty fantastic machines. You grow some typically-vegetable type crops of nominal nutritional value and you feed the animal and it takes care of growing. If you are doing this industrially for synthetic meat, now you are having to provide a carefully balanced nutrient broth which has to be specifically distilled from crops, since you have no stomach, guarded from contamination since you have no kidneys, liver nor immune system and diffused into the "meat" since you have no circulatory system. You also have to deal with texture created by muscle use (unless we're all going to be eating synthetic veal). These things *are* solvable, I have zero doubt but they're not free and make the economic aspect a lot more marginal. Unless you're making the life of animals paramount (though bear in mind cows would effectively cease to exist as a species except as zoo specimens and pets under such an arrangement) which is certainly a market, though niche, that bears serving, it seems to be more of a solution looking for a problem.

You're also growing skin, hair, ligaments, a skeleton, a nervous system including no less an organ as a brain, and you're expending your energy input on the animal's movements. An animal hasn't evolved to be a steak, whereas we could evolve an organism to be just that, and I'd expect the savings to be quite substantial.

One other factor is you can centralise production more. One giant placenta for ten thousand steak babies and such forth. Ah, the future - great and awful.

[somac.]

@Mishacrypto_com
#Bitcoin  ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21



Know what I’m sayin’

I hope not honestly, I don't want it going parabolic again. If it does though I would prefer it to be closer to the end of the year.

Yeah, we would NOT want bitcoin prices going parabolic expectedly unexpectedly in the near-term future.  

That would sure suck!!!!!

It's not like I had not (I am sure that others, too) been stacking sats for the past over 7 years (sure time periods are going to have varied, but anyone in bitcoin for over a few years would have had time to stack some sats decently, no? - even you somac spomac - been on the forum as long as me), and I would hate for our lillie fiends to go up in value too quickly.  

Don't get me wrong its fun when it does go parabolic, but those moves always lead to crashes. And crashes burn noobs hard as they are inexperienced.

A nice consistent rise will be better off for the common worker (i'm pretending that they would actually buy BTC here, rather than wasting their savings on useless crap), I want these people to be able to grow their worth at a steady rate as a fuck you to the CBs and various modern feudal lords who have been destroying the value of their labor as much as possible since time began.

My dream is of the wealth divide returning to the levels of the 50s. Not going to happen I know but that is why it is a dream.

[aesma]

On an exchange/website I won't name a guy recently refunded 50BTC that he had stolen from it years before, his reason was : karma.


Arriemoller : happy birthday ! You could retire if it's not done already.

[Richy_T]

You're also growing skin, hair, ligaments, a skeleton, a nervous system including no less an organ as a brain, and you're expending your energy input on the animal's movements. An animal hasn't evolved to be a steak, whereas we could evolve an organism to be just that, and I'd expect the savings to be quite substantial.

One other factor is you can centralise production more. One giant placenta for ten thousand steak babies and such forth. Ah, the future - great and awful.

Most of that stuff also serves useful purposes too. So when you remove them, that's something else that has to be taken care of by your process. If something like hair is no longer needed, that can be bred away with selective breeding. Cows already are far removed from any natural incarnation. In fact, you say that an animal hasn't evolved to be a steak but that's pretty much what beef cows have due to the selective pressures of human needs. And speaking of evolution, being useful to humans has turned out to be an amazingly successful "strategy".

Again, I'm not saying that there's not any advantage, just that any imagined advantages start to narrow when confronted with the practicalities of the situation.

[HairyMaclairy]

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

Can confirm.  The price is dismally correcting up.

[BitcoinBunny]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Happy Birthday.

[yefi]

The rehabilitation plan for Mt.Gox has been accepted by the court. A timeline has been set, with the deadline for creditors' vote on the plan by October 8th. Any distribution will occur after creditors' meeting on October 20th. How long distribution itself will take is another matter, but those who choose early lump sum payments should presumably receive it within a year.

[Arriemoller]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

 Grattis pa 60 arsdagen!

Tack så mycket!

[JayJuanGee]

I guess what they don't like is that they would have wanted it to be part of BTC instead of having to go to an altcoin exchange to swap over to a different coin just to spend it.

All big blockers wanted was for low-friction transactions to continue to be part of Bitcoin as they already had for the previous six years.

Stop trying to give those fucktwats any benefit of the doubt here.  It is not called for.  The matter is much more complicated than some good will spin, including that they were attacking bitcoin and its governance, and you can fuck off with your attempts at good faith arguments, even if there may have been some people who did engage in good faith in their support for those various attack vectors and scams.

They are original Bitcoiners as much as any small-blockers.

Who cares?  take it somewhere else.. shitcoins is a topic that merely devolves, and they deserve no positive talk here.

I'm back because small blocks and high fees do not (possibly yet) appear to have negatively affected Bitcoin's price.

Glad you are back, but sure would be nice if you would refrain from baloney pumpening of shitcoin ideas..,. that only devolve.. like already said.

However, it must be understood that small-blocks and high fees does remove certain functionality from Bitcoin and while I'll generally not bring this up for no reason, when I see someone act like Bitcoin still has these properties, I'll comment if appropriate. In this recent case, small blocks, DCA and 'not your keys, not your coins' were not compatible together. Choose two. There are several other examples but I won't go into them since it will seem like proselytising.

There might be some reasons to mention some features, but frequently there is a balancing, including figuring out how to meaningfully accomplish DCA.. and yeah, it might not be very practical to try to DCA for $5 per week and it might be practical to wait until the value of your BTC holdings go up to a certain amount before you remove them from an exchange and/or hold those BTC privately.. .. seems like a BIG so fucking what, rather than a reason to whine that it is not practical to DCA for $5 per week.. and I really doubt that BIG blocks is going to resolve such a situation without other tradeoffs that are likely worse than the one that you are trying to resolve.;... For example, "I sure wish that I could buy my coffee on chain like I used to be able to do in the pre 2013 period.... blah blah blah."  Fuck off with those bullshit concerns... and either you find a use case for bitcoin or you go to some shitcoin to attempt to employ your use case... which like I mentioned surely have their own trade offs including being attack vectors, scams and misleading pieces of shit that try to act as if they were the real bitcoin when the vast majority of people realize that they are not (even though some noobs still get sucked into their misleading scam bullshit).

Now, if all people want is an expensive-to-move SOV, as some in this thread have stated, that's definitely what you got. Otherwise, you just have to accept that the nature of Bitcoin changed when the blocks became permanently full and adjust expectations appropriately.

Why lecture us about these matters, Richy_T?  There are all kinds of trade-offs here and there and along the way, and since bitcoin has been in existence people have decided whether to buy or not based on their own situations, and those kinds of decisions are still taking place.. including BIG ass players getting into bitcoin and pumping the shit out of bitcoin, whether some of us want it or not.. But, we can still decide if we want to stay in, buy more, or get the fuck out.  It's called personal discretion based on available information.. and sure there are plenty of folks who still whine about what bitcoin should be or could be rather than actually appreciating it for what it is... so hopefully there can be some acknowledgement that bitcoin is what it is, it changes from time to time, and various people can decide if they believe advantages or potential advantages outweigh disadvantages in terms of holding a certain amount of value in bitcoin  (as that value will likely change too, over time).

[Arriemoller]

On an exchange/website I won't name a guy recently refunded 50BTC that he had stolen from it years before, his reason was : karma.


Arriemoller : happy birthday ! You could retire if it's not done already.

Thanks.
Retired three years ago. https://bitcointalk.org/index.php?topic=178336.msg33203248#msg33203248

[HairyMaclairy]

Blocktards are not arguing in good faith.  No need to engage with them, the market has already decided.  

[Arriemoller]

My birthday today, I'm now 60, got celebrated by the family earlier.
I didn't really care that much when I turned 50, but 60 does make me feel a bit old.
O well,nothing I can do about it, back to the internet and my model rocket rabbithole.

Happy Birthday.

Thanks!

[JimboToronto]

If plants have no feelings, why do they respond and grow better with soothing jazz and classical music than with jarring rock, hiphop or EDM?

* Makes note to self: Install speaker systems in greenhouses for ranch build out. Install DJ booth / club lighting / dancefloor in the "green green house"

Is this the point where you'll hire a Jazz/Classical Music DJ to help your plants grow?

No DJs. Just actual live musicians.

Bitcoiners should be able to afford the real thing, not some crappy recorded substitutes.

Leave the DJs to the shitcoiners.  

[d_eddie]

^^ This

+1 WOsMerits

[JayJuanGee]

<...>

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

Quoted for reference.
Please someone help me remember when it happens!

Proudhon is such a sweetie.. promising to give away some of his bitcoin.. Actually, it probably would be better to put the "at-issue" bitcoin into escrow in order that proudhon will pay... and never is a fucking long time, but sure, seems quite likely that proudhon will need to pay this cycle.. or at least by next cycle, in a less good scenario.

proudhon, why not just admit you’re a massive whale who comes on here to troll. We all know you’ve got thousands of bitcoin. Just admit it!

Hé did pay someone in BTC if price would make somekind of action, don’t remember exactly

But I know he said to pay X-amount of btc which was his LAST holding.... but worth more as just dust.... so ofcourse he has plenty....

Good for him, better if he would talk the real bitcointalk....

Then again it’s his own choice how he acts

You gotta admit that his bitcoin is a bubble song is pretty damned good (and memorable, too), and it shows you how stupid people are including still spouting out the same kinds of nonsense ideas that were contained in that song.

[fr4nkthetank]

its the best bitcoin song ever made

[Sayeds56]

its the best bitcoin song ever made

https://www.youtube.com/watch?v=JaMJi1_1tkA