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

[Hueristic]

$600 million stolen in a DeFi hack.

https://cryptopotato.com/biggest-defi-hack-polynetwork-exploited-for-600m-in-eth-bnb-and-matic/?amp&__twitter_impression=true

Additionally, the team promised to “take legal actions” and asked the hackers to return the stolen funds.

Well at least they have a solid contingency plan!!!

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[Hueristic]

yeah how soon until language in mark twains huckleberry finn is changed to switch to "politically correct" terms in place of what are currently considered offensive terms. being public domain at this point i wonder if they could just do it with no legal repercussions.

They can do it, but everyone already has an "original" copy of the text of that book. They can only make "child friendly" versions (which they will then copyright) and either sell or upload for free.

The original work will always be available out there.

As for me, I prefer my books in PDF format, or anything that I can easily convert into PDF, as I can then save that forever and read it offline, and nothing will change that too. I understand some tech or movement is out there to just use plain .txt files or something.

Not only can pdf's be changed but they can carry viruses.

If you really want to do that you should convert to jpgs.

[Hueristic]

Fair comment!

I'm just having a break with coffee and a Danish I think called Fika in Sweden, while deciding whether to treat a crop today, with the risk of rain or wait until tomorrow. Your English language skills are excellent.

He have improved so much in fact that I had forgotten he is not a native speaker and only after reading this recalled how bad he was originally.

Well done Arrie, I wish I could become bi-lingual but I'm too stupid to learn another language and after being a native English speaker my entire life still consider this illogical conglomerate of inconstant arbitrarian descriptives a second language.

[ChartBuddy]

Explanation

[Hueristic]

$600 million stolen in a DeFi hack.

https://cryptopotato.com/biggest-defi-hack-polynetwork-exploited-for-600m-in-eth-bnb-and-matic/?amp&__twitter_impression=true

It's not a "DeFi hack", it's a buggy smart contract that was built on a buggy platform with a buggy programming language.

What they're doing is good lawyering: finding loopholes in a contract and using it to their clients' advantage.
https://twitter.com/jimmysong/status/1425109560864301056?s=21

Basically the same reason ETC is the original ETH.

So who thinks this centralized shitcoin will Fork the funds again and prove to the world its not immutable once again?

[cAPSLOCK]

$600 million stolen in a DeFi hack.

https://cryptopotato.com/biggest-defi-hack-polynetwork-exploited-for-600m-in-eth-bnb-and-matic/?amp&__twitter_impression=true

It's not a "DeFi hack", it's a buggy smart contract that was built on a buggy platform with a buggy programming language.

What they're doing is good lawyering: finding loopholes in a contract and using it to their clients' advantage.
https://twitter.com/jimmysong/status/1425109560864301056?s=21

Basically the same reason ETC is the original ETH.

So who thinks this centralized shitcoin will Fork the funds again and prove to the world its not immutable once again?

LOSE/LOSE

*That* is exactly what you get with ETH.

You can do 300,000 stupid things on the ETH blockchain.  Once a half dozen or so, of those things emerge as useful those ideas will be ported over to something built to handle it on a LAYER on Bitcoin safely isolated from the main chain.

The future is obvious.  And I am tired of waiting for the idiots to be dragged into it.

[xhomerx10]

$47000 in one hour

Hmmm not working out as planned

Let’s say 50k by weekend and 50-55k end off weekend 

 Starting from July 19^th, 2021  until the end of this coming weekend as predicted by El duderino_

 

[gembitz]

$600 million stolen in a DeFi hack.
https://cryptopotato.com/biggest-defi-hack-polynetwork-exploited-for-600m-in-eth-bnb-and-matic/?amp&__twitter_impression=true

Additionally, the team promised to “take legal actions” and asked the hackers to return the stolen funds.

This is without a doubt the best part of the article, it will surely work - and when they already contact the hackers, let them ask them to return the 600k BTC they took from Mt.Gox so that we can solve that issue once and for all

BITCOIN HOLDERS NOT AFFECTED.

When!!!  WHEN!?!??! Will all of the idiots FINALLY realize that just about EVERYTING ETH IS is just BAD DESIGN.  ETH and all it's clones.

This will NEVER stop happening as long as they present an attack surface of that magnitude.

It makes the entire "crypto space" look bad to people who don't know better which is evidently the great mass of the drooling hoards that think jamming all kinds of computation onto a blockchain is a good idea at all.

Good GOD.

FAKE VACCINE PASSPORTS VIA BITCOIN IS WHAT DRIVES THE MOONTRAIN? REEEEE

[gembitz]

$600 million stolen in a DeFi hack.

https://cryptopotato.com/biggest-defi-hack-polynetwork-exploited-for-600m-in-eth-bnb-and-matic/?amp&__twitter_impression=true

It's not a "DeFi hack", it's a buggy smart contract that was built on a buggy platform with a buggy programming language.

What they're doing is good lawyering: finding loopholes in a contract and using it to their clients' advantage.
https://twitter.com/jimmysong/status/1425109560864301056?s=21

Basically the same reason ETC is the original ETH.

So who thinks this centralized shitcoin will Fork the funds again and prove to the world its not immutable once again?

LOSE/LOSE

*That* is exactly what you get with ETH.

You can do 300,000 stupid things on the ETH blockchain.  Once a half dozen or so, of those things emerge as useful those ideas will be ported over to something built to handle it on a LAYER on Bitcoin safely isolated from the main chain.

The future is obvious.  And I am tired of waiting for the idiots to be dragged into it.

SMOLER BLOCKS WEN? ;] HEHE

[LoyceV]

So who thinks this centralized shitcoin will Fork the funds again and prove to the world its not immutable once again?

It depends: Did Vitalik and his friends lose money too, or only the gullible greedy people who "invested" the Defi hype?

[fr4nkthetank]

this is gold, they tipped him 1 btc pretty much for that

https://twitter.com/HsakaTrades/status/1425093301691195407

Communicating through transactions is also gold

"IT WOULD HAVE BEEN A BILLION HACK IF I HAD MOVED REMAINING SHITCOINS! DID I JUST SAVE THE PROJECT?
NOT SO INTERESTED IN MONEY, NOW CONSIDERING RETURNING SOME TOKENS OR JUST LEAVING THEM HERE"

God bless hackers, keeping exploiters in check

[vapourminer]

<starts moving papers and books around on his research desk>

[El duderino_]

$47000 in one hour

Hmmm not working out as planned

Let’s say 50k by weekend and 50-55k end off weekend 

 Starting from July 19^th, 2021  until the end of this coming weekend as predicted by El duderino_

 

Cool, sweat work xhomerx

Still on my MAX though 

[Hueristic]

[ChartBuddy]

Explanation

[fr4nkthetank]

everyone is now sending messages to the hacker(s)_funny.  I like this one
etherscan.io/tx/0xa40857280f5283bdf4aa55fcd6a703e40460f7bacc163b439cd73a3920013048
<Hi Can i haz shitcoins I will properly dispose of them  Hack the Planet>

[shahzadafzal]

$600 million stolen in a DeFi hack.

https://cryptopotato.com/biggest-defi-hack-polynetwork-exploited-for-600m-in-eth-bnb-and-matic/?amp&__twitter_impression=true

DIY how to make million dollars without any budget in 5 easy steps.

Step 1: Launch a shit-token on shitty block-chain

Step 2: Advertise with headlinese e.g. "next generation internet" , "Light weight, Loosely coupled, Easy integration" , "Future Endeavours"

Step 3: Boom...you got $600,000,000.00  (free money)

Step 4: Announce "We are hacked"

Step 5: Buy Bitcoins and party in Vegas



Just look at their so called infrastructure... Bitcoin, Ethereum, Binance, Polygon WTF... how how? How someone could fall for this? and why?

[Elwar]

On the earlier discussion about money not making you happy.

I recall a study done where it's not so much that money makes you happy but not having money makes you less happy.



I think the key is to reach the point where you're not worried about money anymore so you can focus on better things in life. But the less money you have, you certainly do need to worry about money. I've been at the lowest end of the scale to well beyond the highest and I would agree.

I would caveat this with the fact that though I did not have money (I figured out the many ways to cook potatoes as it was all I had to eat for weeks, and later finding Bar-S hot dogs for $1 and a loaf of bread for $1 could get me through a week of meals) I knew that if things got too bad I could fall back on family. So my level of desperation never hit huge lows.

My current goal in life is not about having super cool awesome stuff, lambos, etc. It's about ensuring that the rest of my life I am not in the position I was early in my life. My problem with government has always been that they are the biggest factor in stopping me from ensuring my future through the use of violence.

[xhomerx10]

Good morning Bitcoinland.

Still in the mid-$4xxxx range... currently $47890USD/$57660CAD (Bitcoinaverage).

Go Bitcoin go.
_____

New car?

We're having trouble getting the Honda Pioneer 700-4 Deluxe we wanted. All the dealerships have been sold out since last January. Nothing expected this year. Seems Covid has increased demand for anything outdoorsy. RVs and trailers are scarce and at a premium. Campsite bookings are being scalped.

Then this John Deere Gator 825-S4 became available on Kijiji:



Only 1200km on the odometer and best of all, the seller will accept Bitcoin as payment.

He said he sold last year at $50kCAD out of necessity and welcomes the chance to buy back in without paying fees.

Gotta love real-world OTC/face-to-face Bitcoin transactions. No commissions, no hidden costs. Just a few satoshis worth of TX fees to the network.

Yay Bitcoin.

Is the bill/amendment news a dead duck now then? Do we just not care? 

We don't give a fuck duck! 

FTFY

Fuck a dead duck

Fuck Kwukduck.  

 Hmmmm...  That's an awesome find and what are the odds of finding another guy who's also used bitcoin?!  Adoption is happening!

[ChartBuddy]

Explanation