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

[AlcoHoDL]

chopper was busy with bear beer tasks. will be back soon

FTFY. Beer for the party, you know...

I woulder if SVG works here...



edit: works!

Good to know, thanks. I like the SVG format. Infinite resolution.

[1715256185]

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[1715256185]

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[1715256185]

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[BitcoinGirl.Club]

Good morning WO!
Observing @ $58,950

$60 again very soon.

[BitcoinBunny]

Anyone wish to comment on this?:
I usually like Styxenhammer but it seems to me he has no fundamental understanding of the details of the SEC vs LBRY case.

https://www.youtube.com/watch?v=AoFAgfZY7Ek
https://www.sec.gov/litigation/complaints/2021/comp25060.pdf

My limited understanding:
The case reads to me that LBRY sold tokens before their network was even available and other dodgy dealings with regards to IOUs to certain investors.

LBRY in light of this case seem to be trying to create FUD on Twitter by suggesting if they lose their case, crypto is doomed. Styxenhammer seemed to have been baited because he uses the Odyssey video platform backed by LBRY.


In actual fact it seems to me that in this case the SEC is helping crypto to succeed by rooting out criminal or at least dodgy activity.

 

[BitcoinGirl.Club]

SEC and other government agency will always try to spread bad name to crypto.

[nullius]

Knuth

Kudos on that post.  I intend to catch up Soon™.

Meanwhile...

Edit: Oh, and trust me on this: I'm extremely picky about typography, maybe as picky as you, if not more! This is not meant as an offensive comment. I think there are very few of us left. I'm always happy when I find another one...

At least three in the WO. Be happy!

Edit 2: I fully support your suggestion about using L^AT_EX as a markup language for posts here, in the way it is used in MathOverflow (Stack Exchange), for example. It's a pleasure to post there because of this, among other things.

Enjoy:

I intended to ask for this long ago.  Yesterday, in the Wall Observer, a mathematically inclined connoisseur of fine typography incited me to speak up for L^AT_EX-lovers and other T_EXnicians.  So yes, there is demand for this!


On a related note:

Satoshi uses British English and inserts two spaces between sentences.

I believe we may safely presume that Satoshi would appreciate proper spacing.

[...rant about the stupidity of HTML standards decisions made in 1993...]

[AlcoHoDL]

Anyone wish to comment on this?:
I usually like Styxenhammer but it seems to me he has no fundamental understanding of the details of the SEC vs LBRY case.

https://www.youtube.com/watch?v=AoFAgfZY7Ek
https://www.sec.gov/litigation/complaints/2021/comp25060.pdf

My limited understanding:
The case reads to me that LBRY sold tokens before their network was even available and other dodgy dealings with regards to IOUs to certain investors.

LBRY in light of this case seem to be trying to create FUD on Twitter by suggesting if they lose their case, crypto is doomed. Styxenhammer seemed to have been baited because he uses the Odyssey video platform backed by LBRY.


In actual fact it seems to me that in this case the SEC is helping crypto to succeed by rooting out criminal or at least dodgy activity.

 

Quick comment:

In the first minute of the video: "...but there's also a tweet by Jeremy Kauffman, who runs LBRY."

That's what bothers me with these projects. They're structured like companies. CEOs, CFOs, CTOs, "The Team", etc. I'm very wary when I see a leader or leaders running crypto-related projects. I think part of Bitcoin's success is the fact that there isn't a specific person or team that runs it. Satoshi Nakamoto invented it, and there's a group of very talented developers that maintain and update the code, all under a consensus scheme. There is no central authority. When you add leadership and company-centric structure to the mix, I fear that things can get ugly.

Just my .02 BTC

[Parazyd]

It's time for 60k WO!

Is the choppa engine on?

[Karma24]

60k incoming...

[d_eddie]

Edit: Strange thing is, ATH for € is coming much sooner than ATH for $. Why? Maybe €/$ exchange rate differences between ATHs?

I guess EUR/USD price differences are too easy to arb for them to last long.

Rather, I don't understand the present high value of USD with respect to EUR and UKP. USA are well ahead of other nations in their brrrr work. It must be the market's bet on quicker recovery of the economy in the US than elsewhere.

[julian071]

Edit: Strange thing is, ATH for € is coming much sooner than ATH for $. Why? Maybe €/$ exchange rate differences between ATHs?

I guess EUR/USD price differences are too easy to arb for them to last long.

Rather, I don't understand the present high value of USD with respect to EUR and UKP. USA are well ahead of other nations in their brrrr work. It must be the market's bet on quicker recovery of the economy in the US than elsewhere.

Europeans are just better in building walls, they are simply harder to take down and consequently last a lot longer.

http://roma.andreapollett.com/S4/walls.htm
https://www.bbc.com/news/world-us-canada-51307868

[d_eddie]

Blockstream Issues Security Token Tied to Bitcoin Hashrate, Payable in BTC
https://www.coindesk.com/blockstream-security-token-bitcoin-hashrate-payable-bitcoin

What do you think of these hashrate tokens? The first batch will be sold in minimum lots of ~275k$, so it's only for whales, but they will be traded OTC in 0.1x lots. What looks nice to clueless me is they sell at a discount to actual mining hardware. And, more importantly, the buyer is not subject to issues with delivery, operation, maintenance etc. of actual ASICs.

Are they a thing? Can they become a thing in due time?

[d_eddie]

Edit: Strange thing is, ATH for € is coming much sooner than ATH for $. Why? Maybe €/$ exchange rate differences between ATHs?

I guess EUR/USD price differences are too easy to arb for them to last long.

Rather, I don't understand the present high value of USD with respect to EUR and UKP. USA are well ahead of other nations in their brrrr work. It must be the market's bet on quicker recovery of the economy in the US than elsewhere.

Europeans are just better in building walls, they are simply harder to take down and consequently last a lot longer.

http://roma.andreapollett.com/S4/walls.htm
https://www.bbc.com/news/world-us-canada-51307868

I see your point (I think I merited one of your posts about that in the past), but now I was referring to the actual level of USD/EUR and USD/UKP - apart from btc exchange rate considerations.

[julian071]

Sorry will read better next time.

That's puzzling to me too. Maybe because the US is doing much better then the EU in number of vaccinations per capita? I really hate the EU for being so penny wise pound foolish when buying the vaccines, yes they were very cheap compared to what the US paid, but of course now we are last in line (of the first world countries), costing muuuuch more in lost revenue.

[Dabs]

Blockstream Issues Security Token Tied to Bitcoin Hashrate, Payable in BTC
https://www.coindesk.com/blockstream-security-token-bitcoin-hashrate-payable-bitcoin

What do you think of these hashrate tokens? The first batch will be sold in minimum lots of ~275k$, so it's only for whales, but they will be traded OTC in 0.1x lots. What looks nice to clueless me is they sell at a discount to actual mining hardware. And, more importantly, the buyer is not subject to issues with delivery, operation, maintenance etc. of actual ASICs.

Are they a thing? Can they become a thing in due time?

They used to be a thing, maybe similar to "cloud mining". Basically you provide the capital, they operate everything else on your behalf.

[d_eddie]

But cloud mining was mostly a scam. I had a short flirt and barely managed to make a few sats before they changed the conditions. This feels different. Scamming 275k$ whales that can sue your ass looks like poor financial planning.

[d_eddie]

Sorry will read better next time.

That's puzzling to me too. Maybe because the US is doing much better then the EU in number of vaccinations per capita? I really hate the EU for being so penny wise pound foolish when buying the vaccines, yes they were very cheap compared to what the US paid, but of course now we are last in line (of the first world countries), costing muuuuch more in lost revenue.

Your "penny wise, pound foolish" feeling is shared by a few informed people. I feel differently, and I think the issue wasn't how much the EU paid for vaccine, but the low negotiation skills shown basically by Ursula von der Leyen personally. She should have left that to some seasoned shark tamer, like Mario Draghi.

I do agree the net result is a mess for Europe. And the difference vaccination progress might well explain the present exchange rates - but then, why is UKP penalized too? UK is doing just fine with the vax.

Another good point from you though. Thanks.

[Lucius]

Sorry will read better next time.

That's puzzling to me too. Maybe because the US is doing much better then the EU in number of vaccinations per capita? I really hate the EU for being so penny wise pound foolish when buying the vaccines, yes they were very cheap compared to what the US paid, but of course now we are last in line (of the first world countries), costing muuuuch more in lost revenue.

The functionality of the EU cannot be compared to what exists in the US, they are simply two different worlds, which can definitely be seen from this whole situation with vaccination. The EU has completely failed, or rather played out as a small child, while the US, UK and Israel, on the other hand, are far behind in terms of the number of vaccinated. A few days ago I read that the percentage of vaccinated in the EU is only 9%, while at the same time the UK has about 45%, Israel has already crossed 60%, while the US exceeds 28% just because Trump was unable to start the whole thing on time.

https://edition.cnn.com/interactive/2021/health/global-covid-vaccinations/

[julian071]

Your "penny wise, pound foolish" feeling is shared by a few informed people. I feel differently, and I think the issue wasn't how much the EU paid for vaccine, but the low negotiation skills shown basically by Ursula von der Leyen personally. She should have left that to some seasoned shark tamer, like Mario Draghi.

I do agree the net result is a mess for Europe. And the difference vaccination progress might well explain the present exchange rates - but then, why is UKP penalized too? UK is doing just fine with the vax.

Another good point from you though. Thanks.

The UK is doing very well on vaccination, but poorly due to Brexit?

[cAPSLOCK]

Just wanted to mention, I am glad to see that as we are rising towards the ATH we are also finally starting to see a t least a little volume rise as well... still not exactly a stampede, but headed in the right direction. Here is to both continuing!

[Biodom]

Sorry will read better next time.

That's puzzling to me too. Maybe because the US is doing much better then the EU in number of vaccinations per capita? I really hate the EU for being so penny wise pound foolish when buying the vaccines, yes they were very cheap compared to what the US paid, but of course now we are last in line (of the first world countries), costing muuuuch more in lost revenue.

...US, UK and Israel, on the other hand, are far behind in terms of the number of vaccinated.

you probably meant ahead?

That said..US has quirks...right now, Texas , for example, opened up for anybody over 16....and there are NO slots available for taking, at least in Houston, seemingly.
What's the point? When they limited to over 65, then 50, there were always places where you could get it.
Now-zero. They should have continued the age-slicing, even going by 2 wk or so-50 to 40 to 30, then to over 16, then everybody.