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

[ChartBuddy]

Explanation

[Richy_T]

privacy nightmare ensues? is it a path to something undesirable?
https://finance.yahoo.com/news/facebook-exec-on-launching-digital-wallet-we-plan-to-earn-peoples-trust-173921742.html

might eventually kill western union and/or xrp, but with identification required upfront, btc might not be affected.
they say that they would not co-mingle, but everyone knows that they eventually WILL..in a version 3.1 by my estimate.

Absolutely hideous privacy risk. God willing facebook is about to take a tumble soon anyway. I see more and more people cutting loose.

[Richy_T]

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

He should have had a bacon roll for the really hungry thief.

Edit: I could swear I wrote "He".

[d_eddie]

Talking about China, have you noticed that it no longer says "Mainland China" or "Hong Kong" as place of origin on Chinese sellers pages on Ebay. It now says "Greater China" on all of them, sometimes followed by a city, including Hong Kong.

I noticed it is impossible to compete with Chinese sellers as they don't pay shipping.

Less and less true lately IME. Still hard to compete, Chinese labor costs being what they are.

[d_eddie]

Stumbled on an interesting article: https://www.zerohedge.com/crypto/nation-states-vs-network-states-vs-crypto-claves?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

A few sound bytes:

"It was that no amount of trying to force a linear extrapolation of the outgoing systems were going to work because the advent of decentralized cryptography and non-state money had already changed the architecture of power and the incentive structures around wealth preservation."

"established policy makers are operating on the premise of a linear extension from their previous experience. Central Bank Digital Currencies are the purest expression of this assumption. Take central bank issued fiat currency, digitize it, add the ability to overlay ideological policy imperatives onto money (like social credit), and then everything just continues on as before.

But the underlying architecture of the global power structure is phase shifting into something else entirely and the reason why is because decentralized, non-state, cryptographically secured money is already here. The smart money realizes that this is a superior form of money to preserve wealth and autonomy. Everything else is secondary."

A good read. Unusually good for Zerohedge. Good find Wekkel!

+1 WOsMerit

[fillippone]

One word of advice from the Italian fellow bitcoiner Giacomo Zucco:

https://twitter.com/giacomozucco/status/1438465969710669829?s=21


I said many times:
it’s not that Bitcoin needs Wall Street, it’s Wall Street that needs bitcoin!

[d_eddie]

google auth has issues if the phone breaks.

I, too, have read a few horror stories about that. In each of those cases, downloading WinAuth or some other 100% compatible clone and managing/copying the secrets (keys) on a proper computer allows perfect recovery.

In other words: Use a computer to back up your secrets. It's just a small text file.

EDIT Oops! Dabs beat me to it immediately.

[JayJuanGee]

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

She should have had a bacon roll for the really hungry thief.

And a sushi roll for the Japanese version of hungry.

I said many times:
it’s not that Bitcoin needs Wall Street, it’s Wall Street that needs bitcoin!

Did you also invent the desert called:  "gelato"?

#askingforafriend

[d_eddie]

RIP Clive Sinclair
https://www.bbc.co.uk/news/uk-58587521.amp

[vapourminer]

RIP Clive Sinclair

[ChartBuddy]

Explanation

[Dabs]

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

I understand the principle, but I personally don't have anything on my phone except pictures and emails, perhaps my online bank accounts (which still need a password), but no bitcoin or other crypto. That's not so strange I think.

I mean, if you get mugged and you have maybe $200 in cash on you, they will take your money and they may take the phone (which they will just sell anyway) but they're not going to bother finding out what is on that phone.

Exactly. The best thing is to not even signal that you own any bitcoin:

1. Don't store bitcoin in a wallet on your phone.

2. Don't have bitcoin screen savers on your phone/laptop/desktop.

3. Don't wear bitcoin related t-shirts, socks, ball caps, etc.

4. Don't have bitcoin coffee mugs, posters, framed art, etc. strewn about your house.

5. Don't incessantly talk about bitcoin with strangers.

6. And for gods sake, do NOT run about with a license plate that says BITCOIN, BTCLOVE, CRYPTOZ, etc.

They won't want or try to steal what they don't think you own.

... aaaand if you did one of the foolish things above it's not too late: 1. stop doing it 2. there's always a good old boating accident   

I think this falls very similarly to those who carry concealed or believe in the second amendment. Don't tell anyone. Just do it all the time.

I do it all the time, even in countries where it's not allowed, I simply just don't tell anyone else who doesn't need to know. The wife and kids know, and they don't talk. It's so nice to walk around with a full size 1911 and 3 or 4 extra mags and all people see is a dad with a diaper bag, kids and wife in tow.

[philipma1957]

I would not use SMS that way, personally, because, that's exactly how hackers sim swap to get into your account. If I have google auth, or the secret, I keep that stored separately. Then I can always use that to generate the new time based one time code that changes every 30 seconds.

I actually don't use a phone or mobile device for my google auth codes, I use a separate computer. I'm compromising in other forms of security but generally it's still better than what most people use or do.

Don't break your phone, or make sure you have the secret so you can easily use it on any other phone or device.

Except they likely have shit password on the email and shit password on the account.  Lastly they do not do what I do which is have no phone with any coin access.

If you want to pay with a coin use a debit card like  the one coinbase has.

I put 300 in USDC on it. No cost to do that and when I use it I get 1% back in BTC.

My greatest vunerability is gun to the head of a loved one.

That involves a lot of commitment and basically anyone with money has the same weakness. 

The exception to this  would be Verbal as played by Kevin Spacey in "the usual suspects".

[ChartBuddy]

Explanation

[JimboToronto]

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

I understand the principle, but I personally don't have anything on my phone except pictures and emails, perhaps my online bank accounts (which still need a password), but no bitcoin or other crypto. That's not so strange I think.

I mean, if you get mugged and you have maybe $200 in cash on you, they will take your money and they may take the phone (which they will just sell anyway) but they're not going to bother finding out what is on that phone.

I take that one step further. I never keep anything important on my phone. Absolutely nothing to do with banks or money. No emails.  I delete all Whatsapp/Signal/Proton messages.

Yes, I use Mycelium to sweep addresses and then transfer the funds immediately to other addresses. Nothing is left on the phone. All phones are vulnerable. It's getting harder to find phones with removable batteries.

My SIM-card phone is an ancient Samsung Rugby flip-phone with removable battery. My Android phone has no SIM card and I connect it manually. Better safe than sorry.

[ChartBuddy]

Explanation

[Biodom]

But you should have $1000-$2000 on your phone  if you have a lot of $$ and they find zip on your phone it looks shady . They may go $5 wrench to unlock your phone and you do not have a dime on it.

My father-in-law owned a bar he went home with 3 bank rolls.

He would use 1 for the nervous thief
He would use 2 for the calm thief
and he had the third ready for the really smart thief

He never needed the 2nd or 3rd bank roll.

I understand the principle, but I personally don't have anything on my phone except pictures and emails, perhaps my online bank accounts (which still need a password), but no bitcoin or other crypto. That's not so strange I think.

I mean, if you get mugged and you have maybe $200 in cash on you, they will take your money and they may take the phone (which they will just sell anyway) but they're not going to bother finding out what is on that phone.

I take that one step further. I never keep anything important on my phone. Absolutely nothing to do with banks or money. No emails.  I delete all Whatsapp/Signal/Proton messages.

Yes, I use Mycelium to sweep addresses and then transfer the funds immediately to other addresses. Nothing is left on the phone. All phones are vulnerable. It's getting harder to find phones with removable batteries.

My SIM-card phone is an ancient Samsung Rugby flip-phone with removable battery. My Android phone has no SIM card and I connect it manually. Better safe than sorry.

good practice...less practical in some situations, but good nevertheless.
are there any situations when having battery in, but phone off can affect anything?
A genuine question.

a funny thing: SEC is not OK with people earning 4% on Coinbase LEND project, but, apparently, OK with Coinbase trading a shitcoin of shitcoins, where 100mil tokens cost under a thou.  Bwa-ha-ha

[vapourminer]

are there any situations when having battery in, but phone off can affect anything?
A genuine question.

if the battery is in, some part of the phone is on, even if its just something that looks for the power button to be pressed. who knows what else could be powered when the battery is in it but "dormant" (idle) waiting for some trigger.

no battery is the only way to be sure its really, really off instead of some kind of "soft" off mode.

[d_eddie]

are there any situations when having battery in, but phone off can affect anything?
A genuine question.

if the battery is in, some part of the phone is on, even if its just something that looks for the power button to be pressed. who knows what else could be powered but "dormant" waiting for some trigger.

no battery is the only way to be sure its really, really off instead of some kind of "soft" off mode.

Right you are. Unless there's a condenser holding just enough charge to keep something still on for minutes. Or hours.

Removable battery should be a safety design requirement IMO. I'd go to such draconian consumer protection measures as "If the battery cannot be removed, you can't sell this in this country, sorry. Security, you understand."

I have a whole list of similarly hardcore user/consumer protection laws that I dream of. One of my faves is "Any data not strictly necessary to carry out the user's command sent out from the device by your program/app will cost you. The user gets to price the data by the byte. If you get sued (and be sure you will, there's real money involved), it's the laws and courts of the user's country that decide." This would include even benign cases such as an app checking for updates without the user's direct request.

A man can dream, right?

[Biodom]

are there any situations when having battery in, but phone off can affect anything?
A genuine question.

if the battery is in, some part of the phone is on, even if its just something that looks for the power button to be pressed. who knows what else could be powered but "dormant" waiting for some trigger.

no battery is the only way to be sure its really, really off instead of some kind of "soft" off mode.

I have a whole list of similarly hardcore user/consumer protection laws that I dream of. One of my faves is "Any data not strictly necessary to carry out the user's command sent out from the device by your program/app will cost you. The user gets to price the data by the byte. If you get sued (and be sure you will, there's real money involved), it's the laws and courts of the user's country that decide." This would include even benign cases such as an app checking for updates without the user's direct request.

A man can dream, right?

You may say I'm a dreamer
But I'm not the only one
I hope someday you'll join us
....And the world will live as one

J. Lennon