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

[heslo]

my brother wanted to sell me his 'used' tesla a 1.5 years ago? 2 years...I just remember it was 7.5 BTC...I probably would have done this IF he would have

kept the BTC...I'd be sad ..but at least the brother would have some BTC. But 'missed that bullet' sheesh...7.5 BTC for such...I would be 'sad' now...very, very

sad.... so HODL.

Was paying my kids .1btc to rake the yard years ago. They are happy now.

I remember signature campaigns that paid 0.1 BTC per week....remember PayCoin? Before GAW went completely rotten?

I THINK I got 0.33 BTC for running their chain for a week or so ..so they could setup POS with my 2013 KNC Jupiter Miner I had to 'dust off' after a couple years..the

last hurrah...everyone mined for PayCoin...I mined it on some exchange for BTC direct..


Wow....hell I used to send you like 1.5 BTC to fix various lots of KNC equipment ....hope you kept it

Brad

 lol GAW "went"
That's the one scam that never suckered me in with their pretty pictures of nonexistent mining devices.

That was that Josh Garza fucker yeah? He ended up going to jail didn't he?

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[wxa7115]

I helped a friend some time ago to buy a cheap notebook and setup Ubuntu on it for his daughter. Yesterday he showed me a letter from the school that she needs a Win10 Pro Notebook so that she can use O360 which all the lessons are based on.

Put win10 on a VM. Depending on your morals, you could don an eyepatch. (That doesn't really affect the point of what you're saying but fighting back always helps).

Can that be done on a cheap notebook? The latest Ubuntu requires 4 GB of RAM and Win 10 requires 2GB, maybe it could be a good idea to install a Linux distro which is lighter and run a Win 10 VM above it, or try to run the software needed with wine or one of its many forks and wrappers.

I feel like a jerk to say that, but those who trust their email communication to an Outlook server the internet almost deserve it. When will they learn?

ftfy

This position is a little bit too drastic for me. I think communication on the Internet can hit a sweet spot between effectiveness and safety. Of course, the right tools are needed, but they must be made widely available to the largely uninformed masses.

It can be done but people are lazy, we could help them and install everything they need but will they use it? At first yes but then they will get tired thinking it is not necessary and then they will get hacked anyway and then think the tools were useless.

[xhomerx10]

my brother wanted to sell me his 'used' tesla a 1.5 years ago? 2 years...I just remember it was 7.5 BTC...I probably would have done this IF he would have

kept the BTC...I'd be sad ..but at least the brother would have some BTC. But 'missed that bullet' sheesh...7.5 BTC for such...I would be 'sad' now...very, very

sad.... so HODL.

Was paying my kids .1btc to rake the yard years ago. They are happy now.

I remember signature campaigns that paid 0.1 BTC per week....remember PayCoin? Before GAW went completely rotten?

I THINK I got 0.33 BTC for running their chain for a week or so ..so they could setup POS with my 2013 KNC Jupiter Miner I had to 'dust off' after a couple years..the

last hurrah...everyone mined for PayCoin...I mined it on some exchange for BTC direct..


Wow....hell I used to send you like 1.5 BTC to fix various lots of KNC equipment ....hope you kept it

Brad

 lol GAW "went"
That's the one scam that never suckered me in with their pretty pictures of nonexistent mining devices.

That was that Josh Garza fucker yeah? He ended up going to jail didn't he?

 He got sentenced to less than 2 years so he's probably out on his 3 years of supervised access now.  Too bad all the scammers dont get caught.

[heslo]

my brother wanted to sell me his 'used' tesla a 1.5 years ago? 2 years...I just remember it was 7.5 BTC...I probably would have done this IF he would have

kept the BTC...I'd be sad ..but at least the brother would have some BTC. But 'missed that bullet' sheesh...7.5 BTC for such...I would be 'sad' now...very, very

sad.... so HODL.

Was paying my kids .1btc to rake the yard years ago. They are happy now.

I remember signature campaigns that paid 0.1 BTC per week....remember PayCoin? Before GAW went completely rotten?

I THINK I got 0.33 BTC for running their chain for a week or so ..so they could setup POS with my 2013 KNC Jupiter Miner I had to 'dust off' after a couple years..the

last hurrah...everyone mined for PayCoin...I mined it on some exchange for BTC direct..


Wow....hell I used to send you like 1.5 BTC to fix various lots of KNC equipment ....hope you kept it

Brad

 lol GAW "went"
That's the one scam that never suckered me in with their pretty pictures of nonexistent mining devices.

That was that Josh Garza fucker yeah? He ended up going to jail didn't he?

 He got sentenced to less than 2 years so he's probably out on his 3 years of supervised access now.  Too bad all the scammers dont get caught.

2 years is too good honestly but at least he got something like you said. Far far farrrrr too many shitheads got away with too much back in the day. If they were smart with the coins they scammed they'd be sitting very pretty right now

[smartcomet]

Full disclosure
-I am NOT a $BTC maximalist
-In 46 yrs trading, I've never seen a more exciting market with a similar narrative
3. My largest current single non-real estate holding is Bitcoin.
Yet, for me, BTC is just another market to be traded, like Beans or T-Notes or Sugar

Last yeak, I read a book "Unknown Market Wizards" by Jack D. Schwager
in which Peter Brandt  is one of  the best traders.
As a 46 years trading veteran especially in pattern trading, he feels this bull run may go to 200-250K in September 21th 2021.
I hope he’s right, if so HOLD is best strategy now.
if not ...

[Biodom]

Full disclosure
-I am NOT a $BTC maximalist
-In 46 yrs trading, I've never seen a more exciting market with a similar narrative
3. My largest current single non-real estate holding is Bitcoin.
Yet, for me, BTC is just another market to be traded, like Beans or T-Notes or Sugar

Last yeak, I read a book "Unknown Market Wizards" by Jack D. Schwager
in which Peter Brandt  is one of  the best traders.
As a 46 years trading veteran especially in pattern trading, he feels this bull run may go to 200-250K in September 21th 2021.
I hope he’s right, if so HOLD is best strategy now.
if not ...

I read it too. To me, the author made it too restrictive by focusing on a consistent performance.
IMHO, a simple btc hodl would beat the heck of most of those traders in the final analysis (and no tax on profit), BUT, with gigantic drawdowns, of course.
One annoying brat in that book even made a fortune on shorting my favorite stocks-biotech.
Perhaps, a winning trade, taken biotech as whole and if you know how to do it, but very-very bad karma, imho.

[marcus_of_augustus]

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

... interesting theory. Wonder if the CIA had him suicided then when he refused to cooperate backdooring BTC in the early days? Then got Gavin installed instead 

... hint: if Leonard (7 letters) Sassaman (8 letters) ==> Satoshi (7 letters) Nakamoto (8 letters) is the key defining transform, what's the code?

[Richy_T]

Can that be done on a cheap notebook? The latest Ubuntu requires 4 GB of RAM and Win 10 requires 2GB, maybe it could be a good idea to install a Linux distro which is lighter and run a Win 10 VM above it, or try to run the software needed with wine or one of its many forks and wrappers.

It can definitely be done but it depends on the notebook how well it will perform. Throwing a bit more memory is always a good idea if possible.

[shahzadafzal]

Just another kind of mining news



“Brent crude oil price.
Six months ago: $42
Three months ago: $49
One month ago: $60
Now: $71.1”

https://twitter.com/spectatorindex/status/1368747561150914560?s=21

[Biodom]

Just another kind of mining news



“Brent crude oil price.
Six months ago: $42
Three months ago: $49
One month ago: $60
Now: $71.1”

https://twitter.com/spectatorindex/status/1368747561150914560?s=21

a nothingburger so far..it's still below the Oct 2018 level.

[macson]

snip

snip
I hope he’s right, if so HOLD is best strategy now.
if not ...

Until fiat is defeated, the most philanthropic thing to do is to hold #bitcoin. In a couple of decades you should give it all to charity or build a space station or whatever, but right now the best thing to do for humanity is to hold.

https://twitter.com/pierre_rochard/status/1368597782718713861



#HODL_for_glory

[True Myth]

For anyone going through chart with random line withdrawal here you go...

Seem to be on track with not much surprise.


If we stay in the lower channels looks like mid-March we will approach the previous ATH.  However, I doubt honey badger will wait that long.  It looks hungry at the moment.

[JayJuanGee]

Space elevator: the noob Newtonian dabbler in me has a question.

Won't a sufficiently high/massive elevator slow down this mudball's rotation? As in, longer days? Conservation of angular momentum and all that. Please make me feel safe again. Thanks.

Of course not.

"They" be working on all of these kinds of details in order that NO THINGIE be screwed up, intentional o no.

Don't worry ur lil head about these kinds of matters, you be in good hands.. very smart peeps working on this.. (think about how smart Vitalik is, for example... these guys are even MOAR smarter).

 

Using the word "cryptocurrency" to describe Bitcoin is perfectly fine and fully correct. Bitcoin is indeed a cryptocurrency. There are many other cryptocurrencies (a.k.a. altcoins, shitcoins) which are not very much loved in these here parts. Let's not demonize the word just because it is used to also describe shitcoins.

At least for now (if there is good reason to do so, I might change my mind later, perhaps?), I would like to demonize such word (cryptocurrency, crypto) when vaguely referring to bitcoin or not really clarifying what the fuck yee be talking about.

Specifically to WO, since it is a Bitcoin-only thread, it is WO's unofficial netiquette to refrain from using the word "cryptocurrency" when referring to Bitcoin, which makes sense. Just simply call it Bitcoin. What I dislike in WO posts, is the general use of the word "crypto", in order to give credit to various shitcoins, usually of the big-block, propeller-head, or Shiba-Inu varieties. You know who you are, expect a bat-slapping and/or rusty pipe treatment. And rightly so.

Can't really disagree with any of this.

In other news, Bitcoin seems to like the $50k club a lot, and doesn't want to leave... Number not go down, but number not go up either. Hopefully we'll see $60k in March, leaving $50k (a significant psychological number) behind for good, and clearing the way for the next significant psycho-number, which is $100k. Desensitized as most of us may have become, reaching that number will surely be a life-changing event for many of us. I'm pretty certain ("gut feeling has never failed me" and all—this is for Jay) that $100k will happen this year, and some even predict it will significantly exceed that.

Gosh.. thanks for mentioning me, but its to me that I don't really like to assert with such confidence in regards to what I believe will happen in terms of quantity of BTC price movement or in terms of when it will happen.. so maybe this is a kind of JJG dig, perhaps to get so specific in terms of what you believe is going to happen, and when, even though I cannot really disagree with the overall sentiment or the fact that there seem to be decently good odds for what you are suggesting that is going to happen, to actually end up happening... (if that makes any senses?)

2021 sure looks like it's going to be the best YTD for Bitcoin.

Talking about percentages or overall adoption and network effects?  In terms of percentages, its going to be difficult to match some of those earlier years, including more than 100x in 2013 if you consider both bubbles.. which gosh, 100x from even $4k-ish would put BTC at $400k.. and I surely I am not suggesting that level to be impossible, I am likely just quibbling with the idea of counting your eggs before they are hatched, even if a lot of the perfect storm factors do seem to be aligning to cause even double or triple $400k to be within the grasp of this cycle - even though maybe a bit of a stretch for this actual calendar year.. but who am I to say?

[shahzadafzal]

very good post. now do the same thing with "blockchain" and i rain merits on you.

Blockchain that should be easy one...

Blockchain is fairly new concept too but older than cryptocurrency for sure. Even the WikiPedia page of the Blockchain it self was created on 9 October 2014‎ . But as far as Bitcoin and Satoshi Nakamoto is concerned he never mentioned his transaction ledger as blockchain (not in his whitepaper at least). So this claim of the Wikipedia page isn't so true "The blockchain was invented by a person (or group of people) using the name Satoshi Nakamoto in 2008". Yes he did presented the idea of "blocks" and "chains" but he never called it a "Blockchain". He mentioned it as "chain of digital signatures", "proof-of-work chain" and he did mention it one time as "chain of blocks" but that's too in totally different context.

Oxford University added the word "Blockchain" to it's dictionary in 2015 as a noun and defined it as "A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly."

But since I want to keep my discussion around Bitcoin so here you go, the domain name https://www.blockchain.com  was created on: 2011-03-08 and it was created by a founding member of Coinbase, no not Satoshi Nakamoto but someone named "Ben Reeves".

What google trends says about "blockchian"? as expected almost zero results before the creation of Wikipedia page and that was in 2014.



More strange google have only 179 results for the word "blockchain".



Enough about the word blockchain lets get back to the concept, yes Satoshi Nakamoto did invent this concept and he did mention the word "block chain" in his posts here on bitciontalk too

I think it would be possible for BitDNS to be a completely separate network and separate block chain, yet share CPU power with Bitcoin.  The only overlap is to make it so miners can search for proof-of-work for both networks simultaneously.

In such discussions many seniors have been using the term "blockchain" as one word, that includes "Hal Finney" and "theymos" too.. to my search i found this user "MoonShadow" who used this term in the way we know

(there are no actual cryptocoins in your wallet, they exist only as a series of entries into an encrypted ledger we call the blockchain, more like writing a check than actual coins)

Conclusion:
- Satoshi Nakamoto is indeed the inventor of the concept "blockchain".
- Originally it was "block chain" later became one word as a noun we know today "blockchain".
- Satoshi Nakamoto invented the concept "block chain" in 31 October 2008
- Birth of the word "blockchain" happened on this forum bitcointalk around 2010

[d_eddie]

Space elevator: the noob Newtonian dabbler in me has a question.

Won't a sufficiently high/massive elevator slow down this mudball's rotation? As in, longer days? Conservation of angular momentum and all that. Please make me feel safe again. Thanks.

Of course not.

"They" be working on all of these kinds of details in order that NO THINGIE be screwed up, intentional o no.

Don't worry ur lil head about these kinds of matters, you be in good hands.. very smart peeps working on this.. (think about how smart Vitalik is, for example... these guys are even MOAR smarter).

 

This doesn't help. I'm not feeling safe again.   Thanks for trying though. 

[OutOfMemory]

Can that be done on a cheap notebook? The latest Ubuntu requires 4 GB of RAM and Win 10 requires 2GB, maybe it could be a good idea to install a Linux distro which is lighter and run a Win 10 VM above it, or try to run the software needed with wine or one of its many forks and wrappers.

It can definitely be done but it depends on the notebook how well it will perform. Throwing a bit more memory is always a good idea if possible.

While win10x64 will "run" on 2GB RAM, it will likely become a crawling turtle as soon as you run some minor or a major application/s.
The "superfetch" service (carrying a new name in win10 i don't remember right now) will further take up RAM and slow it down even more over time.
Future system updates/upgrades not included.

I used to run 4GB notebooks, but using win10 i had to set my boundary up to 8GB (at least!) for smooth operation.
However, you may find a virtualization software that is easier on the RAM and use an older but still maintained kernel/distro for lower hardware requirements.
Personally, i would well consider some drawbacks on a computer, but RAM figures would always be high.

[HairyMaclairy]

Space elevator: the noob Newtonian dabbler in me has a question.

Won't a sufficiently high/massive elevator slow down this mudball's rotation? As in, longer days? Conservation of angular momentum and all that. Please make me feel safe again. Thanks.

If it was that heavy, what do you propose to anchor it to?  A large tent peg?

[xhomerx10]

Space elevator: the noob Newtonian dabbler in me has a question.

Won't a sufficiently high/massive elevator slow down this mudball's rotation? As in, longer days? Conservation of angular momentum and all that. Please make me feel safe again. Thanks.

If it was that heavy, what do you propose to anchor it to?  A large tent peg?

 

[Wilhelm]

Space elevator: the noob Newtonian dabbler in me has a question.

Won't a sufficiently high/massive elevator slow down this mudball's rotation? As in, longer days? Conservation of angular momentum and all that. Please make me feel safe again. Thanks.

If it was that heavy, what do you propose to anchor it to?  A large tent peg?

No because the space elevator is rotating the earth at the same speed as the earth. Also the material came from earth so it's still conservation of energy and mass.

It's mass doesn't matter because it's hanging from space.
You don't need to tether it because it's hanging down from space so you just need some concrete block at the bottom that weighs more than the counter weight in space.

[dieselmeister]

Good morning WOvians ... The next dump after a tremendous sunday. So cheap coins for you. I have sadly no fiat ...