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

[rdbase]

Observing 69k touched on Bitstamp. Chartbuddy got nothing on me  
Excuse, me? Where is the choppa?

It touched $69k..

Only tip to tip. #nohomo

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[ChartBuddy]

Explanation

[cygan]

chopper is just warming up

the next higher level is approached 🚁

[jojo69]

[ChartBuddy]

Explanation

[DaRude]

"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?

Yep i've been preaching for devs to go anonymous for a while. Every aspect of BTC will be tested over and over again. Every link in the chain will be hit many times in an attempt to find the weakest one. You have to be delusional to think that you can work on a new global monetary system in the open without any repercussions. Is there any example in history where people in power welcomed attempts to change the status quo? There's a reason why original dev stayed anonymous, all other devs should follow in those footsteps.

Faketoshi, he's largely irrelevant. If it wasn't him it would've been someone else. If anything, his stories are entertaining more than anything else, it could've been (will be?) worse if there was a more competent person attacking. Bitcoin doesn't fit in the current legal framework, how each country adopts it, was always to be decided at the highest levels, and not in some local kangaroo court.

As far as burning Satoshi's coins, the topic is highly controversial, as such it'll most definitely cause a fork. It's best to leave such things in incompetent hands of Faketoshi. Let him fork the chain once again unlocking Satoshis coins to himself. That should be his last battle after which he'll become a footnote in bitcoins history.

[becoin]

As far as burning Satoshi's coins, the topic is highly controversial, as such it'll most definitely cause a fork. It's best to leave such things in incompetent hands of Faketoshi. Let him fork the chain once again unlocking Satoshis coins to himself. That should be his last battle after which he'll become a footnote in bitcoins history.

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

[ChartBuddy]

Explanation

[bitcoinPsycho]

As far as burning Satoshi's coins, the topic is highly controversial, as such it'll most definitely cause a fork. It's best to leave such things in incompetent hands of Faketoshi. Let him fork the chain once again unlocking Satoshis coins to himself. That should be his last battle after which he'll become a footnote in bitcoins history.

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

I certainly hope not. This is a terrible idea. This is bitcoin not Ethereum

[friends1980]

I seriously consider buying more around 20,000 dollar.

[LoyceV]

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

That's dumb. Private keys are forever.
Value comes from scarcity, not abundance.

To quote someone who might know a thing or 2 about Bitcoin:

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[ChartBuddy]

Explanation

[BlackHatCoiner]

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

I'll agree with LoyceV, satoshi and bitcoinPsycho, but I have to ask:  Why should they? How does this improve the currency in ANY way?

[savetherainforest]

Hey Rainforest, how is that DGB working out for you?

Man.... You rly don't want to anger the Gawds when the flippening happens!      


*edit(): Btw... I'm back in Sh!ba for a bit.... it will lose probably another Zer0 then I'm back to my dear old friend DGB.      

So far that hot garbage is down 8% from when you bought.



I hope BTC keeps going up the rest of the week and month. Not just because it's inevitable, but also to teach these shitcoin holders a hard lesson.

Bought at 0.047$ then sold at 0.057$ ... then bought again at 0.052$ and sold 0.056$ ... now waiting for a dip, while I'm sitting idle in Sh!b that I bought at around the price it is now... maybe I'm a few percentages down, but I just let it sit for a week or two, I don't mind waiting.    

[rdluffy]

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

If something like that occurs, the whole idea of BTC will be lost

You can hold BTC for years and years and never move any satoshi, and you'll have access to the coins you have
Some move to recycle BTC can create a breach

Satoshi itself said (like LoyceV pointed above) the lost coins can be a donation to BTC

[eXPHorizon]

Hahah, Scarcity? LoL ! There are currently over 17.000 Bitcoin like Cryptos

Its supply is unlimited.

How do you counter this fact?

Another point... - Coins that got "Lost" are already in circulation. I think you guys still live in 2013 xD


Ik ik science stinks sometimes right ? Hue hue


https://www.youtube.com/watch?v=2C8Od8j8hNQ


Beep beep

[becoin]

As far as burning Satoshi's coins, the topic is highly controversial, as such it'll most definitely cause a fork. It's best to leave such things in incompetent hands of Faketoshi. Let him fork the chain once again unlocking Satoshis coins to himself. That should be his last battle after which he'll become a footnote in bitcoins history.

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

I certainly hope not. This is a terrible idea. This is bitcoin not Ethereum

Then don't complain about what CSW is trying to exploit! Like Damocles in the Greek mythology, we are for ever forced to sit beneath a sword suspended by a single hair to emphasize the instability of a king's fortunes.

[philipma1957]

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

If something like that occurs, the whole idea of BTC will be lost

You can hold BTC for years and years and never move any satoshi, and you'll have access to the coins you have
Some move to recycle BTC can create a breach

Satoshi itself said (like LoyceV pointed above) the lost coins can be a donation to BTC

Knowing human nature by 2075 the move them or lose them movement will be strong 💪 and they will begin to move frozen coins. So any 2009 still in place will have a time period to shift them or lose them.

So a 50 coin address simply need to pull .00000001 to a new address and problem is solved as it prove the coins are not abandoned.

Satoshi mentions  lost coins but not abandoned. The powers to be will say those are abandoned and will take them..

To those that think it is wrong or bad or terrible oh well I don’t worry as I figure I will be dead around 2047 if lucky maybe 2057.

[ChartBuddy]

Explanation

[Syke]

All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.

FUCK YOU WITH A RUSTY PIPE FOR SUGGESTING SUCH GARBAGE.