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

[ChartBuddy]

Explanation

[1714529266]

1714529266

[Raja_MBZ]

How are BTC related matters feeling now, Raja_MBZ?  

Still expecting a correction down to the 200-week moving average within the next year?  

Yeah, of course.

However, the punk that I once sold for 4-figure is now worth 7-figure. Sucks TBH.

[AlcoHoDL]

[...]

If you still have any doubts, here's the statement directly from Faketoshi:



https://twitter.com/MyLegacyKit/status/1457437100631105536

[...]

That's exactly what I meant in my earlier post.

It's the first time in my life that I wish for someone to die a slow, agonizing, horrible death, rusty pipes included.

[goldkingcoiner]

Good morning, WO.

https://mobile.twitter.com/davetroy/status/1458094700091658262

... welcome to the deranged upside-down world view of the rabid leftist

I can't stress this enough: the crypto attack on the dollar is not strictly a "pump and dump" or a "grift." It's an ideologically-driven attack on the legitimacy of fiat currency, the @federalreserve, and the incumbent financial system. It is the sequel to the January 6th attack.

... in some ways "he gets it" ... like the bellowing dinosaur sees the meteor streaking across the sky and knows it's an impending doom kind-of-way 'gets it'

He made his tweet impossible to reply to lol. That says everything.

How out of touch with reality do you have to be to think this? Or maybe its some modern form of Stockholm Syndrome?

[ChartBuddy]

Explanation

[El duderino_]

How are BTC related matters feeling now, Raja_MBZ?  

Still expecting a correction down to the 200-week moving average within the next year?  

Yeah, of course.

However, the punk that I once sold for 4-figure is now worth 7-figure. Sucks TBH.

Damn man, don’t go from being a bitcoiner to a NFT-fool….. 

Don’t fall for the NFT illusions, my NFT is worth zero but I’m order to sell to my Friend it’s worth 4 figures and to our other friend it’s worth 7 figures, the not buying friend will have the NFT forever 

[ImThour]

$50k in a day.
$55k before 15th Sept.
ATH before 11th Nov.

How I know? I am from future.

Sup boys, how's life going? I just got super rich, thanks to this thing called BITCOIN.

[ChartBuddy]

Explanation

[aysg76]

Here is one more image i made out in my free time :



These little dips again are just a step back to pull price slingshot with more pressure to hit hard and break the $100k target.If you are holding it then profits flood are coming your way and if not don't stand in between because btc is going to take all shitcoiners and their useless talks away within one hard hit.

[vroom]

"Faketoshi trial day 7 notes...

Has any court ever asked him how he managed to "sign" a message for Gavin from the fourth block's address, but now says he doesn't have the key as it's "held" by a bonded courier?

But why would they? The argument between both sides in this circus is whether Faketoshi is 100% Satoshi or 50% Satoshi. Both sides would gladly attribute 22M BTC to Faketoshi if they could.

BSv's law firm already opened up their cards and showed why they need this 50% or 100% judgement in their formal letters before action sent to all of the devs:  

10. In accordance with their fiduciary duties, each of the Developers is obliged to:
 a. Provide access and control to TTL of the BTC in the Addresses, which it owns
but cannot access or control due to the hack/theft.
 b. Take all reasonable steps to ensure that TTL has access to and control of the
BTC in the Addresses.
 c. Take all reasonable steps to ensure that effect is not given to the fraud, by
ensuring that the BTC in the Addresses cannot be dealt with by anyone other
than TTL (including those who have misappropriated the private keys or
otherwise wrongly have access to the private keys).

https://www.ontier.net/ia/a1letter-before-action-from-ttl.pdf

If you still have any doubts, here's the statement directly from Faketoshi:

https://twitter.com/MyLegacyKit/status/1457437100631105536


I found it helpful to stop using my logic while trying to analyze this case, (like why would you even need a supercomputer to mine on a testnet???) and just realize that the true answer to everything in this case is

this threats are most likely the reason why some developers already stopped working on bitcoin. future bitcoin devs must contribute their work completely anonymously.

and he wants to sue bitcoin nodes too? I can't wait to get mail from faketoshi's lawyers.

edit: can we just burn satoshis bitcoin? can someone make a BIP?

[ChartBuddy]

Explanation

[NeuroticFish]

edit: can we just burn satoshis bitcoin? can someone make a BIP?

1. I can't think of a proper way to do it and it would be a dangerous precedent.
2. Even if this would be done, CSW would not stop. The way to stop him would be to prove in court that math cannot be twisted (I fail to understand why court is needed for that, but it seems that's needed) and CSW is a scammer; that may cut his funding.

[ChartBuddy]

Explanation

[BlackHatCoiner]

edit: can we just burn satoshis bitcoin? can someone make a BIP?

And which bitcoins are Satoshi's?

[ChartBuddy]

Explanation

[lightfoot]

So is CSW just trying to fill the role of "China bans bitcoin"?

[cAPSLOCK]

It hurts my soul that "burning Satoshi's bitcoin" even comes up here.

This is completely counter to the entirely thing that makes Bitcoin different than 5000 shitcoins, and the current monetary system. 

I suppose it would be possible to do in a manner that takes consensus into account (the mentioned BIP), but I would think that the majority of nodes (validating nodes as well as mining nodes, thank you very much) would not run software that did this.

We would end up with another fork.  And it would damage Bitcoin in the same way previous forks did.  Which in one sense is not at all, but in another sense is quite a bit because there are STILL people confused about what bitcoin actually IS.

"Satoshi's Bitcoins" are just part of the deal.  They will always be on the blockchain.  They are made of pure math which is immutable. 

We cannot change the rule in the middle of the game without doing damage.

And CSW is a fraud.


PS.  There is ONE WAY I think would be OK to burn Satoshi's Bitcoin.  And that would be if the holder of those keys sent those coins to an address for which there is no known private key.  THAT is how bitcoin was designed to work.

[vroom]

edit: can we just burn satoshis bitcoin? can someone make a BIP?

And which bitcoins are Satoshi's?

faketoshis bitcoin. the list of addresses he claims to be owner of. but this is just a theoretical and joking question. I'm not sure if this would be a good idea. But it would be funny. court forces core devs to give faketoshi access to addresses and instead core devs burn the bitcoin on these addresses

[BlackHatCoiner]

faketoshis bitcoin. the list of addresses he claims to be owner of. but this is just a theoretical and joking question. I'm not sure if this would be a good idea. But it would be funny. court forces core devs to give faketoshi access to addresses and instead core devs burn the bitcoin on these addresses

Faketoshi(s) could also claim my bitcoins are theirs. Coming into an agreement that my coins won't be spendable due to that fact is against censorship resistance and will only bring damage to the project.

[ChartBuddy]

Explanation