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

[lightfoot]

Oh noes! We crashed down to 51.5k. Better call Proudhon....

[ChartBuddy]

Explanation

[OutOfMemory]

Bye bye 52k

I was looking for $55K but its going down very quickly right now.

Sometimes that happens….

Sometimes that's a down-before-up....

[vapourminer]

Oh noes! We crashed down to 51.5k. Better call Proudhon....

doesnt someone here have him on speed dial or something?

[philipma1957]

Oh noes! We crashed down to 51.5k. Better call Proudhon....

doesnt someone here have him on speed dial or something?

I did  but he changed his number and told the mods to delete my

homage to him.

the block of threads 50k to 100k was removed by the mods.

since we hit 50k.

the new block of threads would be shorter.

I wonder if the mods would let me do a shorter locked  block

say:
55k
60k
65k
70k

[Torque]

here is a nice little visual listing of which stores will accept Bitcoin in el salvador starting tomorrow


https://twitter.com/BitcoinMemeHub/status/1434782162742505477?s=19

Umm...I hope those aren't the only stores.

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

[Torque]

Who in the world like bankers would actually fear something that is "just a scam"?

Ponzi. Scam. Baby brains. Will crash to zero. No intrinsic value.

And yet, mega companies now want to accept it for payment.

Weird, huh? 

[ChartBuddy]

Explanation

[El duderino_]

here is a nice little visual listing of which stores will accept Bitcoin in el salvador starting tomorrow


https://twitter.com/BitcoinMemeHub/status/1434782162742505477?s=19

Umm...I hope those aren't the only stores.

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

Hmmm I don’t use btc for small payments actually but I would love to go and buy some burgers etc at McD’s and pay with some sats ….

[NeuroticFish]

Legal tender is legal tender. Which by law means no store there can turn down bitcoin as accepted payment.

I've read that it's actually optional, hence I do expect that - especially at start - the huge majority of stores will turn down bitcoin payments (unfortunately).

[ChartBuddy]

Explanation

[BobLawblaw]

Well, amusingly enough, my horse paste arrived yesterday.

I'm aware of doing the calculations to dose for humans, but not likely to go that route as recovery is steadily and slowly improving.

Also, if I legitimately need Ivermectin, the doc Rick sought out for treatment prescribes the human form, if necessary.

Day 3 this morning. Headaches, gut aches, bodyaches, but thankfully no respiratory issues to report thus far, so feeling really good about that. Lungs are feeling absolutely clear.Bed rest again today. Rick is out running errands and feeling fine, as he fully recovered about two weeks ago - tested negative as a control for my positive test.

Day 1 was just brutal. Have never felt something come on so strong and absolutely lay me out like that.

Also, don't forget to buy at least $30 worth of corn tomorrow, in solidarity with El Salvador. Saylor Tweeted out support for the movement tomorrow as well.

Love, peace, and lube.

[Elwar]

here is a nice little visual listing of which stores will accept Bitcoin in el salvador starting tomorrow


https://twitter.com/BitcoinMemeHub/status/1434782162742505477?s=19

I would not be surprised if no big corporation accepts bitcoin in El Salvador. From the tidbits I've seen...at one point the president said that nobody would be forced to accept bitcoin (even though the law says so). I saw one comment saying that article 7 of the law was taken out. I saw yet another article saying that their chamber of commerce was told that all businesses needed to accept it though the companies were fighting it up to the bitter end.

So, what is likely happening is that those big companies are putting their legal teams on the payment thing as opposed to their tech team.

It all comes down to the fact that Bitcoin is a peer to peer money. Corporations are not a peer. They are a huge conglomeration of different people getting different percentages of your purchase. In order for a corporation to get paid in bitcoin (right now) you need a corporation to act as middleman (ie. BitPay) for the company.

One comment I found telling was of someone going into a store to buy something with bitcoin but the owner wasn't there so they had to text the owner and the owner finally sent the payment address.

Are we expecting McDonalds to set up a lightning wallet for their cashier to handle all of the money for that day, and then expect the cashier to make the choice between handing that wallet over to the owners at the end of the day or just quit with more than they would make in a year?

Bitcoin will eventually not only take down governments but also take down corporations. But for now, we're not there yet.

Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".

[Torque]

Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".

And there won't be stand-alone restaurants anymore, only ghost kitchens for delivery. McDonalds et al will only exist as a brand on a phone app.

The future will be a combo of Idiocracy and Wall-E.

[vapourminer]

Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".

And there won't be stand-alone restaurants anymore, only ghost kitchens for delivery. McDonalds et al will only exist as a brand on a phone app.

The future will be a combo of Idiocracy and Wall-E.

well a Wall-E unit is at least useful for finding discarded stuff. like Ramon noodles and ammo.

[Dabs]

No, the whole point is to keep it decentralised and anonymous. No videos. No KYC. I imagine something more like a guided process tailored towards each individuals needs and knowledge levels. Currently learning about Bitcoin is more of a try-and-see approach.

For whatever reason, I sort of started here, this bitcointalk forum. Maybe I read about it somewhere else, eventually this is the place where I signed up, spent a couple of months just lurking, and where I learned almost everything.

This forum provides some of those requirements: no videos. no KYC. almost anonymous (you can teach them how, and it's not difficult to create alts). But the forum itself is not decentralized.

The alternatives are decentralized platforms which run on top of shitcoin blockchains, such as on BSV (but they store weather data?) or ETH or EOS. I know a few, but it's another step or learning curve or something new to learn, and it's just going to distract them. I'm not sure about other decentralized or lesser known social media platforms, heard of mastodon or something.

IRC is probably the closest to decentralized, but not too many newbies go there, and it's more of a geek thing.

This forum is the next best thing. I think there is a "newbie" section, but I don't know the quality there now. I haven't been a moderator for awhile and like many here, I haven't wandered much away from WO thread. I do check a few others from time to time.

[Elwar]

Eventually the "McDonalds" will be a series of smart contracts running the restaurant with an algorithm as the "owner".

And there won't be stand-alone restaurants anymore, only ghost kitchens for delivery. McDonalds et al will only exist as a brand on a phone app.

The future will be a combo of Idiocracy and Wall-E.

I had that idea for an app and was planning on getting started on it until I looked into laws.

The idea was that home cooks could take orders or have a large meal cooked and put it on the app. People order the food like on any other food app and some delivery service comes and picks it up and delivers it. This would be for people looking to make a bit of extra money, people like my mom who like to make cookies but could never eat as many as she cooks so she just gives them away, people like my wife who can cook a five star meal but don't want to be running a restaurant with all of the headaches that come with it. Or even someone with 3 kids that is cooking a recipe that can easily add 2 or 3 more servings to send off on a delivery for a bit of spending money.

Then I checked the laws in the US and no state allows you to sell food made at home. There are some very limited exceptions such as granola bars or some shit like that.

One more thing to look forward to when it all collapses though. Home delivery of some nice old lady's chocolate cookies and side businesses for the home cooks out there.

[Elwar]

The alternatives are decentralized platforms which run on top of shitcoin blockchains, such as on BSV (but they store weather data?) or ETH or EOS. I know a few, but it's another step or learning curve or something new to learn, and it's just going to distract them. I'm not sure about other decentralized or lesser known social media platforms, heard of mastodon or something.

Check out https://sphinx.chat/ decentralized chat over Lightning Network.

[cAPSLOCK]

Oh noes! We crashed down to 51.5k. Better call Proudhon....

No need!  He will show up when we really start falling to like under 60k...

[ChartBuddy]

Explanation