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

[Cryptotourist]

I'm sure it's a neat car and all, but I'm sorry...trying hand wash all those little janky nooks and crannies would be a nightmare.

Why does every car maker now have to have Japano-jank Transformer-ish angles everywhere?

I say bring back the nice smooth Euro curves of the mid 2000's.

Goes with the perks n quirks - standard edition:

https://www.youtube.com/watch?v=jjYNqRdf7cI

Hey girl, wanna wash my lambo.

edit1: definitely not a fan of lambos, they are too extravagant for my taste - forget the price, and I will break it down completely ASAP - total waste.
edit2: a Bowler Bulldog is another story all together.

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[marcus_of_augustus]

Well I have been in similar discussion with friends who still didn’t accept Bitcoin yet. So one time we discussed that it’s a fact tha a SME (coronal mass ejection) is a serious threat to humanity. And if it happens it will be a complete blackout for days, months or may be years. In such a mass disaster what will happen to Bitcoin?? when this whole Bitcoin echo system needs so much energy and constant internet connection  how Bitcoin will survive? Whereas paper money or gold can still be valued and used in such scenarios like nothing happened.

... totally depends on the strength, duration and direction of the solar flare.

The sun does not appear to have superflares, or at least that we know of, and appears to be very quiet when compared to other similar sun-like stars. Which probably explains existence of life on Earth as relatively unique.  Past performance is no guarantee of future outcomes and all that though. A superflare direct hit on Earth would probably wipe most all life and humanity out and btc is no longer needed. Currently the sun appears to be heading into a Grand Solar Minimum of very low flare activity that could last 20-70 years.

A regular large flare that impacts Earth in a direct hit scenario, say Carrington-event level X50+, will have some noticeable effects on infrastructure. The Earth's magnetic field is our protection against such radiation and it is currently in a weakening, meandering phase (not good). However, only countries with long, uninterrupted North-South transmission lines will be those most affected by the induced voltage that will be frying electric devices connected to the grid. Many countries have small isolated transmission systems and many have already been protected against induced current from CME, EMP type blasts. Electricity is likely to stay up in many geographically isolated locations and internet and BTC network will probably not go down globally. It may get patchy and have 'islanding' type events where certain sections get isolated temporarily. Some bitcoin miners have their own dedicated hydropower stations and many of them will likely stay online. Many satellites will be knocked out but the optical fibre undersea backbones will probably stay up.

As long as you have your keys off-line, e.g. a paper wallet, or if on electronic media, inside a Faraday cage (biscuit tin, e-safe, etc), I don't see a solar flare, even a large one, as anything but a short-term risk to btc.

[JayJuanGee]

Hey girl, wanna wash my lambo.

As a non-lambo owner, I would have never considered the above to have been a very good pick up line.  Might need to buy or rent a lambo, just to try it out... must be better than buying them things or giving them money.. especially getting a "free" car wash out of the deal-i-o.

[xhomerx10]

I'm with the other guy who thinks we should be grounded in reality for now. Space elevators are fun and all, but we could still cover a lot of surface area on the planet, maybe even in the oceans, for plenty of solar panels / arrays to power the world (or a bitcoin miner.)

I found this before: https://landartgenerator.org/blagi/archives/127



So it's not updated, but you can line up a whole bunch of solar panels near the equator and not much is needed to power the world (not including bitcoin miners) ...

That article also discusses wind power and hydroelectric power.


Edit: here is another one just for bitcoin.

https://landartgenerator.org/blagi/archives/5697

Well I have been in similar discussion with friends who still didn’t accept Bitcoin yet. So one time we discussed that it’s a fact tha a SME (coronal mass ejection) is a serious threat to humanity. And if it happens it will be a complete blackout for days, months or may be years. In such a mass disaster what will happen to Bitcoin?? when this whole Bitcoin echo system needs so much energy and constant internet connection  how Bitcoin will survive? Whereas paper money or gold can still be valued and used in such scenarios like nothing happened.

Well lets see, assuming mass CME lasting 24hrs to cover all of earth, power grid is fried, nuclear power plants shutting down some blowing up cause their redundant safety mechanisms are fried, some nuclear weapons/ships/submarines/planes might go boom, satellites supposed to have some protection but chances are won't hold up to such massive CME so GPS and SAT communications are done, planes falling out of the sky, mass hysteria, supply chains disrupted shortages of food widespread, armies are reduced to few guys running around with guns, ATMs are used for target practice etc, etc, etc... and you think i'll accept your monopoly coupons or shiny metal for this chicken that i'm trying to sell because i need more ammo? If such major disaster happens BTC would be the last of your worries. On a bright side surviving society's priority would be restoring the internet, once that's back up BTC would be the first one to come back online before any bank or ATM will start working.

 It doesn't even matter if you would accept the monopoly money for your chicken because there isn't enough of it around anymore. Most people currently use electronically transmitted digits that represent monopoly money and have little if any paper money on hand.

[Cryptotourist]

The problem is, I have difficulty spending much beyond my salary, considering that btc might go to $5mil, eventually.

That's a very good point dear sir.

100trillion USD, and then we see how deep the rabbit hole goes, this decade or the next.
MIA says 4 mil tho.

[serveria.com]

I'm sure it's a neat car and all, but I'm sorry...trying hand wash all those little janky nooks and crannies would be a nightmare.

Why does every car maker now have to have Japano-jank Transformer-ish angles everywhere?

I say bring back the nice smooth Euro curves of the mid 2000's.

Well, imho if you can afford a Lambo you don't have to worry about washing it as you should be able to afford carwash services. Perhaps even by some scantily clad females as portrayed by Cryptotourist...    

[savetherainforest]

Exactly... Save the RF... you are not greedy enough..  that's your problem.  
Be more greedy.. and while you are at it, may as well be more retarded (and quasi-incomprehensible), too.  You go girl!!!!
You will thank me, later.  
 

This such boring movement last couple of weeks.. WO - when $60k??

There will be another dump attempt in 12'-ish hours.

But resistance feels strong!

"Resistance"?

You must be talking about "support," no?

half the time, who the fuck knows what you are talking about?    Do you even know?    Must suck to be you with such ongoing confusing and most-of-the-time incorrect inner-dialogue.  

 

"Resistance" against the upcoming dump.  

Also... I went more greedy... I placed an order at $27K.   

[lightfoot]

Also... I went more greedy... I placed an order at $27K.   

You are so holding up the bottom dude, kudos!

[vapourminer]

What's your average Bitcoin buy price?

< $1
$1 - $10
$11 - $100        < ---   im here
$101 - $1,000
$1,001 - $2,000  
$2,001 - $5,000
$5,001 - $10,000
$10,001 - $20,000
$20,001 - $50,000
> $50,000
I don't own any.
I mined it all.
I mindrusted it all!

i mined mine back in the day (2011 to 2012) while the price went from 10 to 35 to 2. so ill do the 11-100 as the cost basis.

[JayJuanGee]

Also... I went more greedy... I placed an order at $27K.   

You are so holding up the bottom dude, kudos!

Yeah, with his "all in" .053 BTC buy order.. No one's going to be able to break through that...   Many of us should be trembling at the size of such a save the rf stack... some day, not even average bitcoiners are going to be able to reach his levels.

[Hueristic]

White House signals coming antitrust push with Tim Wu appointment

Wu is best known in tech circles as the man who coined the term "net neutrality" in the early 2000s. He has held several positions at the federal level before, including advisory roles with both the Federal Trade Commission and the National Economic Council. He has also been a full professor at Columbia University law school since 2006, where he teaches First Amendment and antitrust law.

https://arstechnica.com/tech-policy/2021/03/tech-critic-tim-wu-joins-biden-admin-as-tech-competition-advisor/

[HairyMaclairy]

Strangely enough, about a week before the Thai navy came after us a friend of mine told me that he has had friends killed who were trying to create technology to go into space.

Mainstreaming space will definitely open a can of worms and rock a few boats.

One eye opening thing I was told is...whoever controls Earth's orbit, controls access to space for all humans. And eventually the whole world.

This is a good point. Never thought about that.

[Biodom]

Strangely enough, about a week before the Thai navy came after us a friend of mine told me that he has had friends killed who were trying to create technology to go into space.

Mainstreaming space will definitely open a can of worms and rock a few boats.

One eye opening thing I was told is...whoever controls Earth's orbit, controls access to space for all humans. And eventually the whole world.

This is a good point. Never thought about that.

Read "Expanse" or watch it on Amazon Prime-it's actually pretty good, mostly.
Obviously, outer space is in advantageous position vs Earth as earth sits in the gravitational well.
Besides, shooters in a high position almost always win-depicted in so many movies
..some say that this understanding led to a eventual win of Homo sapiens over Homo neaderthalensis.

[d_eddie]

Yes bowmang, Expanse is pretty good! Inyaloda got no chance when beltaloda sling big rocks.

[wxa7115]

... the Great Filter is most likely socialist Statism or some equally toxic ideology unleashing widespread mis-management of civilisations that wipes it out through war, famine or plagues.

... just as knowledge, concepts and ideas are the true wealth of civilisations, fallacies, myths, superstitions and toxic ideologies are its greatest dangers

edit: for civilisations to scale they need scale-free organisational concepts and structures ... not base-level, emotional, romantic, tribalist, power-centralising brutalism

This reminds me about the planet Golgafrincham on the The Hitchhiker's Guide to the Galaxy novel, on the novel a supposed disaster is to fall on the planet and the whole population was to be evacuated on three ark ships called A, B and C, on ship A were the leaders and scientists, on ship C all the people that made actual work and on ship B everyone else, but it was a ruse, they wanted to get rid of the useless people on ship B and as soon as they departed they left the ships A and C and remained on their planet, while the people on ship B went to planet earth and became the ancestors of the human race.

I agree that there are many people in positions of power with ideas that in fact put at risk our civilization, however if space colonization becomes a reality I do not see why people with common interests could not colonize another planet or create an ark ship, similar to what happened with the colonization of the Americas.

Or TV signals: Our TV signals used to be easy to spot: A massive signal spike (the sync signal) followed by colorburst, then the X and Y of the scan line. Easy to spot, very repeating pattern, can't be nature made, obvious sign of intelligence. However now we have switched over to HDTV which is not only digital but encrypted digital so the stuff looks like background noise. And it's much lower power because once again efficient.

That's in 100 years. There may be only a short window where we can spot other civs before they get efficient and encrypt everything because the Altarian Disney Company doesn't want to share their content without payment :-)

Can you imagine if something similar happened like in the episode of Futurama When Aliens Attack and we were attacked just because our TV signals were not easy to pick up anymore and they just wanted to watch our TV shows? That would be hilarious.

[HairyMaclairy]

Ive been wanting to take time off but I cant until my exit, bounce buy, bounce sell, and re-entry from the crash

You are assuming you will be able to exit at the top.... how?

Trailing stop, or something like that. Right now I keep manually adjusting my stop to important levels I know would not be good to break like right now it is 18500.

Even if I miss it it'll still create huge waves I'll be able to trade and waves in altcoins that I can margin trade regardless of my position.

Lack of Tera2 in this thread is approaching distressing levels. Who will make the topcall within 5% ??

I miss Tera.  I learned a lot from her / him.

[shahzadafzal]

https://news.bitcoin.com/the-many-facts-pointing-to-cypherpunk-len-sassaman-being-satoshi-nakamoto

[HairyMaclairy]

the circumference of earth is 24k miles. a space elevator woiuld need to be up probably 22k-26k miles. i guess it depends if this wrap would follow a circumference line or a smaller one. nice problem to think about. thx.

Before you noodle too hard, I very well may be misremembering. It's a fair distance anyway though.

i was serious. it could wrap around the earth several times as long as it does not wrap around "straight" at a "equatorial" line. in what fashion would it wrap around? can someone elaborate? would a cable attached to a spinning sphere always wrap around an "equatorial" line? or could it also use other latitudes?


edit: i think you thought i was being sarcastic with the "nice problem to think about.thx" but i wasn´t. sorry for not making that clearer.

The tether is really long.  It could wrap anywhere.

[HairyMaclairy]

Now, space elevators are another topic. We don't have the materials right now but fun stuff like if one collapsed, it would wrap around the world a couple of times (IIRC).

the circumference of earth is 24k miles. a space elevator woiuld need to be up probably 22k-26k miles. i guess it depends if this wrap would follow a circumference line or a smaller one. nice problem to think about. thx.

well not if youre in its path when it falls heh

as someone mentioned larry niven has written about them, both in essays and in his fiction. anything by him is good reading.

I actually calculated how to build a space elevator for fun but it boils down to the following.

Nanofibers aren’t strong enough to bridge the 32000km to geostationary orbit.
The weight of the fiber itself will snap it. Yes taking account the gravity but ignoring weather.
To do it you would need to go from thick(up in space, low grav) to thin(earth) to pull it off.

The smallest configuration with 1mm^2 coming down from space will take approx two full Falcon heavies (largest rocket) with spools of fiber into geostationary orbit. Glueing the fibers in space is hard. Generating the fibers in space might be better.

You need a counterweight to stop it all coming down to earth  

You need anchor it on the equator.

Then you need to do above process a dozen to a few hundred times before you can send any payload or human into space.

Going to geostationary orbit at 100km/hr would take 320hrs so the trip would take 2 weeks going straight up

Use the two Falcon heavies as the counterweight.  Just slide back down the rope. 

[Arriemoller]

I like that one, the only one since the countach that I would consider buying.
There is something about the design of the countach that triggers something in the primitive parts of my brain, the same goes for the X-Wing from star wars, I sat in an X wing ones and i know it's kind of childish, but I really really liked it. (it was in Disneyland or Disneyworld, the one in California, in the 80s).

When I get enough money, I'm gonna buy an 80s Countach and either convert it to electric, or put a automatic gearbox in it and drive it around every now and then in the summer. I never cared about the engine, for me it always was all about the design.