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

[Biodom]

Just checked on the fees that I would need to pay to convert one of my shitcoins into USDT via DeFi and it comes to about $600. For $5000 worth of coins.

We are certainly not at the future of DeFi yet.

The RGB solution coming down the pike would be over the Lightning Network and cost almost nothing using client side validation. That is the future of DeFi.

I tried MetaMask. Fees running $100 to swap tokens. What a complicated and expensive process. Note to self: stick to bitcoin.

Didn't fees on btc reached $30 or above in 2017. We dealt with it, right (segwit, batching, lightning, etc)?
This alone does not mean much as there is always an argument that fees are high because the usage is high.
I distinctly remember people like Trace Mayer making this claim in 2017.
Naturally, there is a limit. If a tx costs $1000, almost nobody would tx, apart from a few whales.

That said, as a wallet, metamask is awesome. We need a great wallet like this for btc.
Some make claims that there are already a few good btc wallets, but when a TRULY great one comes, everybody would start using it.

[Biodom]

Timing matters. Reaching disgusting fuck you levels with a foot already in the grave would have little effect on the average human's happiness level.

In udder words
Hold my stash
In udder words
Baby, kiss 1M!

I feel you. I am 64 my okay success with btc is nice. But if I were 34 it would be more so.

Yea, especially during this covid s-t.
Unfortunately, you can't buy time..at least not yet..hang around another 20, who knows if we'll get something profound in the life extension field.

[nanobtc]

snip
From what little I know about MIDI, it's not really suitable for such a task.

That's true. I worked extensively with MIDI,sequencing and SMPTE sync starting in 1986. The MIDI 1.0 spec would let you send note-on and note-off for "notes" designated 0-127. The receiving synth could then apply the note numbers to whatever sound(s) the operator chose.

By nature a Theremin is all 'swoopy' and never has perfect steps between notes (see the chorus on Beach Boy's "Good Vibrations"). MIDI additionally lets you change filters, velocity, and all sorts of computery music things. The MIDI 2.0 standard was introduced at the 2020 Winter NAMM show, but I haven't kept up.

I was around a Theremin once. Since I knew nothing about really playing it, beyond 'this hand is pitch and this hand is volume' all I could do was make strange science fiction noises.

You could define a middle note (c4 or a4) and use pitchbend-like control messages for gliding pitch control.
Much like CV, but in MIDI form. I used that on some occasions with oct/volt equipment and cv-midi interfaces.
Props for the Moog story, by the way. Legend  

I used real CV (Control Voltage)  once. From memory, that was one volt per octave? Didn't look it up. I used Roland CV from an SH-101 (still have it) to a Jupiter 8 (still have it, the last of the analog monsters, 8 oscillators!! {a MiniMoog has 3} Sync all 8 to one key. You'd better put on a helmet.) The  proprietary stuff worked like a charm. CV desired to be what MIDI actually became: The One Interface, To Control Them All. And MIDI really was...

I was more of a MIDIOT, I knew of the cv-MIDI conversions, did not see them.

Again, and as always, the WO provides extreme fringe knowledge from our depth and breadth of experiences. And, Linkin Park videos!

[gembitz]

ride down belowwwwww fitty weeeeeeeee$$$

[cAPSLOCK]

Bitcoin over 50k and the WO talking exotic MIDI theory... lol.  So awesome.

[ChartBuddy]

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[Toxic2040]

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[Subbir]

Great bitcoin always fired not be compromised any thinks bitcoin stay with the king Waiting for 100K Fire Candles BTC

[ChartBuddy]

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[nanobtc]

@cAPSLOCK I have several/many stories about analog synths and myself. Nothing famous, nor large. Yet I refrain because of OpSec. I've been online a long time, I am trying to keep these stories, each into their own world.

A good one I can relate, I went to NAMM (the music hardware exposition on the left coast of the USA, not VietNam). I had the pleasure of meeting Craig Anderton (perform your own search here). I was able to convey some of my work, it was a fun thing. He is a music guy that has done great work in recent decades, yet not a serious/famous performer.

Then later, we smoked some crack, and shared our favorite Linkin Park videos.

[ChartBuddy]

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[realsteelboy]

Tumbleweed round here, 50k is so boring.

@cAPSLOCK I have several/many stories about analog synths and myself. Nothing famous, nor large. Yet I refrain because of OpSec. I've been online a long time, I am trying to keep these stories, each into their own world.

A good one I can relate, I went to NAMM (the music hardware exposition on the left coast of the USA, not VietNam). I had the pleasure of meeting Craig Anderton (perform your own search here). I was able to convey some of my work, it was a fun thing. He is a music guy that has done great work in recent decades, yet not a serious/famous performer.

Then later, we smoked some crack, and shared our favorite Linkin Park videos.

Love the minimoog. The J8 is the holy grail of analogs. Prices on Reverb have gone mental.

[ChartBuddy]

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[machasm]

A fews days ago i saw a dream that one fine morning, i checked bitcoin price and it was 100,000$. I was so happy to see this but then my eyes opened and when i checked in reality it was around 48000$.
My friends says that i see real dreams, so this means that bitcoin will reach 100,000$ in reality  

I just went out with a realtor yesterday to view a property based on the likelihood that bitcoin will be over $100k by the end of the year. I wanted to be ready.

I'll definitely be looking at a BlockFi loan as opposed to cashing out.

Tell us how it works out, Elwar! This is useful info.

I've been wanting to do something like that for a long time: extracting fiat without cashing out. I'm just very wary, because all the bitcoin lending setups I've seen in the past were scams. BlockFi looks like it's a bit different... until it turns out it really isn't?

From what I saw the US government is fighting them on the Bitcoin loans.

I figure if I get the cash in the form of a loan for the equivalent amount of BTC that I would have otherwise received via cashing out then they go bankrupt or whichever, it still qualifies as a loan as far as the IRS is concerned. Just nobody to pay the loan back to.

Trouble with this is that the ltv (loan to value) ratio is at least 50% and at worst 25% meaning that you need to put up to 4 BTC  for a loan worth 1 BTC. Too much risk for me if the company goes bust or pulls an exit scam.
What we need is these types of services with insurance to cover this scenario.

[TonyBR]

Bitcoin will hit 50,000@ today ?
I have a strong feeling that  we may cross 52,000$ in the late weekend pump. I am taking position accordingly.