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

[Hueristic]

Being able to wake up when I want and do as I wish is a state many born into that life take for granted and those people are generally the worst humanity has to offer IMO.

Of course, each of us has starting points, and surely some people have objectively better starting points than others, and it may well be difficult to generally proclaim (as you seem to be doing) that people who have been born with way more financial security are less worthy people or that they end up not being as good of a person as someone who had to struggle more from the beginning as you likely were fighting ratts out of your crib just to get something to eat, no?

No, "Generally" in this context is a qualifier statement. To elaborate on that I will state that those that do not fall into that category are some of the best as they have to deal with the pressure of the majority around them that push crap like "Family First" to justify putting their own comfort over others basic needs.

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[JayJuanGee]

Although with corporations that aren't very high tech or people who don't understand the tech as well as we do, it is still possible they get compromised, but this is unlikely.

They will hire the tech guys to secure their assets this will not be a problem.

Yeah, but if we had been initially talking about getting an ETF, then the fact that there might be a variety of work-arounds might resolve the bitcoin exposure for some people but NOT really addressing anything close to the extent of a potential market that could be addressed by having a bitcoin ETF as a vehicle through which some folks could get exposure to bitcoin (especially pension funds and even individuals who get exposure through pension funds - such as through 401k-like vehicles or other of those currently status quo type retirement investment vehicles that have to jump through a decent number of regulatory hoops before they can provide exposure to clients using such investment vehicles, and a bitcoin ETF would likely be acceptable within a variety of those kinds of retirement-oriented investment funds.

You will appreciate :


"Do not store up riches for yourselves here on earth, where moths and rust destroy, and robbers break in and steal. Instead, store up riches for yourselves in heaven, where moths and rust cannot destroy, and robbers cannot break in and steal. For your heart will always be where your riches are." –Matthew 6:19-21

In other words, if you cannot figure out a way to accomplish "why not both?" then:

Have fun staying poor.

By the way, I did not realize that the bible had such dumb stuff contained therein, or maybe there are just dumb fucks providing skewed and out of context interpretations.

In the current times, there are going to be all kinds of ways to attempt to both hold value and to prevent it from losing value - and surely there are some folks who do not want the masses of normies to be able to hold/store wealth, and sure there are likely needs to create incentives for people to work, so how much will it cost to get someone to clean your house for you, if you are not able (or willing) to clean it yourself?  If everyone is materially rich, then no one is going to want to clean the houses, and everyone will be searching for someone else to clean their house.  Maybe bitcoin fixes this by fixing the money, and there are still going to be people willing to clean the houses of other people.. perhaps? perhaps?

A couple of things should cover more than 99% of everyone and every corporation.

1. multi-sig
2. cold storage

Where even for most people as individuals, even just cold storage will do. Have either a hardware wallet, or a completely separate device sign the transactions. I use a tablet that is never connected to the internet. (yeah, I did not disable them physically though or remove the antenna ...)

You believe that 3rd-party custody is just going to go away?  like magic?

[ChartBuddy]

Explanation

[Phil_S]

It feels like we're going to bounce between 38k and 40k for a few days at least...

[ImThour]

Funniest Meme I saw Today

[sirazimuth]

Oh dear, another nutcase found WO.

It happens…this is Bitcointalk after all…

[Hhampuz]

Funniest Meme I saw Today
~image

What is that language? Chinese or?

[ImThour]

Funniest Meme I saw Today
~image

What is that language? Chinese or?

Something called getting Ripped off.

[LoyceV]

Funniest Meme I saw Today
~image

What is that language? Chinese or?

Shitcoin.

[suchmoon]

The infrastructure bill has draconian kyc provisions on crypto.  Several senators propose an amendment to the bill.  Contact your own senator soonest.
https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/

I was going to post this last night but decided to do it today, glad you did.

Is this one of those things they are trying to tack on to kill the bill or just a sneak attack?

It's one of those things they put in so that they can pretend the bill is "paid for", in this case this provision is supposed to bring in $28 billion in taxes or some shit like that.

[Toxic2040]

[d_eddie]

40k broken :-)

[fr4nkthetank]

Imagine you write shit down and people 2000 years later quote you all the time, how fucked up is that ?  What I do find fascinating is that they found Neanderthals cave paintings - But they found that people would come back to the cave and make new inscriptions all the time.  Now check this out, the first paintings were at least 10 000 years older than the recent paintings (already 10 000 years old I guess).  So thats like quoting the bible in 8000 years.

Can we have a slow clap for the ETH dev team please ?  Now even I don't understand how to properly price a transaction in the market.  I say crash to 27k again, then biggest pump in history by december.  Too much flirting with 40k but i'm always wrong so

[d_eddie]

The infrastructure bill has draconian kyc provisions on crypto.  Several senators propose an amendment to the bill.  Contact your own senator soonest.
https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/

I was going to post this last night but decided to do it today, glad you did.

Is this one of those things they are trying to tack on to kill the bill or just a sneak attack?

Kill bill, kill bill, gotta ask Quentin abt that.

[Dabs]

If everyone is materially rich, then no one is going to want to clean the houses, and everyone will be searching for someone else to clean their house.  Maybe bitcoin fixes this by fixing the money, and there are still going to be people willing to clean the houses of other people.. perhaps? perhaps?

The thing is, not everyone will become rich, and the second thing is someone will always want to clean other people's houses because they find that kind of work fulfilling or they need to get paid an income and that's what they know to do.

I've seen more than one movie where one of the lead characters does not need money, or is royalty, but likes to do manual labor or cleaning or something. There was even a princess where the bees obeyed her (some sci-fi interstellar royalty) who grew up cleaning toilets and after finding out she is heir to the throne or something, still cleans toilets.

Sometimes it's a good thing to lead by example too.

A couple of things should cover more than 99% of everyone and every corporation.

1. multi-sig
2. cold storage

Where even for most people as individuals, even just cold storage will do. Have either a hardware wallet, or a completely separate device sign the transactions. I use a tablet that is never connected to the internet. (yeah, I did not disable them physically though or remove the antenna ...)

You believe that 3rd-party custody is just going to go away?  like magic?

I implied no such thing. In fact, 3rd-party custody will indeed use both methods: cold-storage and multi-sig. Because it's not their coins and they want to take care of it. 3rd party is for those where it's either required by law for them to do it that way (for accountability or whatever reasons) or they are willing to pay to have someone else do it.

Those things will also be insured. That's what Gemini and Coinbase are doing, it seems.

I do get why it could be confusing as I said 99%, I don't even know what the 1% should be. Maybe I actually meant 100% of everyone will be served by either or both things insofar as BTC storage is concerned, whether that's self-custody or 3rd-party.

I've been asked before to hold people's coins in the middle of a transaction, but it seems we escrows are a dying breed, (or I'm not willing to perform the service for below a certain minimum, as it's a waste of time really.)

[bitcoinPsycho]

Oh dear, another nutcase found WO.

It happens…this is Bitcointalk after all…

And that is why this is a special place

[JayJuanGee]

It feels like we're going to bounce between 38k and 40k for a few days at least...

Until it doesn't.

hahahahahaha

That statement aged well, no?  something like 8 minutes?

Can we have a slow clap for the ETH dev team please ?  Now even I don't understand how to properly price a transaction in the market.  I say crash to 27k again, then biggest pump in history by december.  Too much flirting with 40k but i'm always wrong so

Well?

If your head is muddled with thoughts about Ethereum somehow being relevant, then maybe that could help to explain some of your always wrongness.  Perhaps?  perhaps?

The infrastructure bill has draconian kyc provisions on crypto.  Several senators propose an amendment to the bill.  Contact your own senator soonest.
https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/

I was going to post this last night but decided to do it today, glad you did.

Is this one of those things they are trying to tack on to kill the bill or just a sneak attack?

Kill bill, kill bill, gotta ask Quentin abt that.

Who is Quentin?

Does he come to this thread?

Is he in the room now?

[Phil_S]

It feels like we're going to bounce between 38k and 40k for a few days at least...

Until it doesn't.

hahahahahaha

Reverse psychology worked, haha!

But yeah... it's quite possible the pump will be short-lived.


P.S. It's +3k in 5 hours!

[El duderino_]

Comes from Tuur Demeester

Always good content

[ChartBuddy]

Explanation