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

[ChartBuddy]

Explanation

[Biodom]

@jjg..whatever..."sticks and stones may break my bones, but..."

[JayJuanGee]

This Michael Saylor Tucker Carlson interview might be more important than we might think...

Wow just wow... that was the first time that I saw Saylor dancing around the topic of Bitcoin's peer to peer capabilities,  and surely it is amazing that either Saylor believes that Bitcoin's peer to peer capabilities can meaningfully be regulated away or challenged in such a way that is NOT going to cause a lot of backlash from individuals who are either wanting to use bitcoin in peer to peer ways or those people who are developing systems around bitcoin's peer to peer powers.

Look at the video starting at about minute 56 that leads up to Saylor's squirminess in terms of talking about bitcoin's peer to peer capabilities (which kind of peeks around the 1 hour mark) and also presuming that bitcoin's peer to peer can meaningfully/substantially get regulated away.... It is kind of funny that TuckerC is trying to get into some of the nitty gritty of talking about peer to peer capabilities of bitcoin and even asserts that he is not so excited about every single human activity (referring to financial transactions, too) should be monitored or captured by some government.  Saylor responds by outlining bitcoin's peer to peer capabilities as if it were some after-thought use case when in fact bitcoin is intrinsically (hesitant to use that word) capable to be used peer to peer by directly saying to another person.,. Hey, I got some bitcoin in this phone, usb stick, other device, piece of paper, memorized by these words, blah blah blah.. would you give me that chicken if I send you those bitcoins (same as saying satoshis or whatever)... so yeah, any of us can do it once we have the capability which various forms of accomplishing such direct transferrnces are increasing with the passage of time and within various creative imaginations in which such varying user interfaces might not have yet been completely imagined, yet.. such as, the 6,913 sats are contained in that picture that I am carrying and you can check it when you get home... since we are neighbors, we are o.k. with making such transfer on the spot...and I get the chicken..and you get the picture.

https://youtu.be/ax7LRJz7VnA?t=3347

Same thing is true when TuckerC makes the humorous comment about putting money laundering and terrorism in air quotes, and they both get a chuckle out of it while Saylor diverts into some way of talking that is likely less risky... (he's been decently well briefed by his lawyers top be careful with those kinds of topics - outside of talking over a beer in which no one is recording the conversation)...

Back to peer to peer power of our lilie fiend (aka honey badger, aka king daddy, aka you know what I am talking about Willis) course, each of us are entitled to develop and maintain our differing preferences regarding bitcoin's varying use cases and also regarding what we believe makes bitcoin valuable.. and for sure, Saylor remains amongst the better of the articulate public advocates regarding varying bitcoin value propositions.... yet it still remains interesting regarding how he actually squirms regarding the peer to peer nature of bitcoin, and maybe his lack of anonymity and his heading of a public company and even his ongoing aggressiveness in his company's use of debt to invest in bitcoin (a kind of attack on the dollar) contributes to his having to be careful regarding how far he is ready, willing and able to go in terms of talking about (or emphasizing) various aspects of bitcoin's ongoing peer to peer powers.. that are not going to go away even if guys like Saylor avoid it, squirm about it or divert into other areas (like spinning the subject matter differently).

By the way, if you really listen to Saylor he is still proclaiming bitcoin to be powerful in the peer to peer transferring capabilities, he is just refusing to frame it in the kind of peer to peer language that we all know bitcoin is capable of doing, so in the end, we should give few shits that Saylor is avoiding talking about direct transfer of bitcoin between individuals because such presumption that we are able to do that cannot be removed from bitcoin merely because someone like Saylor does not want to talk about bitcoin that way.. and likely he stays out of jail by NOT talking about bitcoin in that kind of way.

[Biodom]

TL;DR poo-pooing eth is justifiable, but it is a strong competitor that is not to be dismissed.

It is not.

Do you want to actually debate this statement, or like everyone else do you want to make a blanket generalized statement without evidence to support it?

Momentum in price is not evidence that ETH contributes anything.

since I am in favor of btc and NOT in favor of eth, what is there to debate?

We don't have to like it or acknowledge the existence of ETH, but I can tell you that while BTC will go to $100k or higher soon, in the same time frame we are also going to see ETH go to $10k or higher.

I too, saw it from the beginning, but decided not to buy any of it, or even mine it because I did not understand what it was supposed to do, or what it could achieve. What I do understand is that it is a platform for some smart contracts and all sorts of other things, and while I do not like the monetary issuance of supply and all sorts of other things about it, I know it's going to stick around for awhile, quite possibly long enough for many of us here to die of old age.

The "smart" thing to consider now is if you want to or can you make profits out of this or not, or are you willing to.

The maxi's inside of us (and around us) are going to stick to the "safety" of bitcoin, or that's actually the smart thing to do, stick to bitcoin. Don't bother with anything else no matter what their numbers say. No one understands them, and the guys who think they do, a lot of them lose money anyway.

About the only thing even considered smarter than this, is to simply buy and hold them if you want to play with different allocations among shitcoins. Buy and hold some BTC. Buy and hold some ETH. Hold for 5 years. Do not day trade or whatever. With the understanding that there is the possibility you will lose whatever you put into any shitcoins, including ETH, but you will most likely profit from just holding bitcoin for longer than 5 years.

<clipped>
So the biggest most "feature rich" centralized chain will be the ultimate enemy of bitcoin.  Whether that is ETH, a CDBC, or God forbit some sort of combination.

Bitcoin's biggest problem is it is not well understood by not only the masses, but even it's faithful.  It is misunderstood why it is important.  And why ETH is fundamentally NOTHING LIKE IT.  in fact it's opposite ultimately.

Exactly, so we need to study it and possibly improve bitcoin (if it is possible) to counteract centralization.
Also, you are right; it NOT the eth per se that is important as the opponent, it is the ideas of arbitrary tweaking that are completely not-bitcoin.
For crying out loud, they made a brand new chain that is FASTER (no other worthy features and super-centralized) and, already, it has the monetary size of 10% of bitcoin with VCs pushing it.
As far as how to do this "fight", I am not sure. Probably, mostly via increased usage and improvements in the ease of use.
BTW, I respect the cashing-out, but the talk about it does not really help bitcoin's case, since then the ultimate goal is fiat accumulation.

Bitcoin has one feature that is very similar to gold and is REALLY detested by financiers: it has NO yield.
Of course, it has been so far an appreciating asset, so the yield might be unnecessary.

[Richy_T]

This Michael Saylor Tucker Carlson interview might be more important than we might think...

Perhaps, but I am always sus on timing of such MSM displays.

The bigger question is why now?

With inflation through the roof, why not now?

[ChartBuddy]

Explanation

[naim027]

Source: Bitcoin Magazine, Nov 30-2021

[El duderino_]

[BobLawblaw]

have you guys Watched this video made by Bizonacci?

FFS... Ignored... Goddamn stupid space rock...

[ChartBuddy]

Explanation

[Biodom]

https://www.coindesk.com/business/2021/12/01/jury-in-kleiman-v-wright-civil-suit-says-it-cannot-come-to-a-decision/

They asked for a judgment of up to $36 billion (the value of the bitcoin at issue), plus $126 billion (the value of intellectual property at issue), plus $17 billion in punitive damages.

What, exactly, they are dividing?
Do any of them have the keys to any of this "property"?

[El duderino_]

free upload direct link

[Richy_T]

https://www.coindesk.com/business/2021/12/01/jury-in-kleiman-v-wright-civil-suit-says-it-cannot-come-to-a-decision/

They asked for a judgment of up to $36 billion (the value of the bitcoin at issue), plus $126 billion (the value of intellectual property at issue), plus $17 billion in punitive damages.

What, exactly, they are dividing?
Do any of them have the keys to any of this "property"?

Any way they are collaborating so that the court "confirms" that csw is satoshi? He's shown himself to be quite the trickster.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[vapourminer]

ok buddy, time to get to work. you know, that "up" thing you sometimes do.

need a sandwich? a drink? a smoke? whatever is is we can get it for you

[ChartBuddy]

Explanation

[AlcoHoDL]

Kraken Intelligence — Bitcoin Full Node Guide: Securing Self-Sovereignty

Good information/guide on how to setup and use a Bitcoin Full Node (and why would you want to do it).

I haven't done it myself, but I'm tempted. I just hope it doesn't need the constant pampering that Bob tells us a LN node needs...

[ChartBuddy]

Explanation

[JayJuanGee]

I also Noticed maybe The JayJuanGee Put me on his ignore list just because of my common sense.

I don't put anyone on ignore whether they are dweebs or not.

First of all, I am not rich, thanks to my lack of wisdom, as well as money back in 2011, and until now.  

Funny thing to say.  "I am thankful for not being rich."  

I know which kinds of peeps say things like that.

hahahahaha


The same kinds of peeps who say things like: "money ain't gonna make you happy." blah blah blah.

since I am in favor of btc and NOT in favor of eth, what is there to debate?

Glad to hear your confirmation of your BTC conviction.

I am surely convinced.










not

@jjg..whatever..."sticks and stones may break my bones, but..."

Hello to you too.

[~ nonsense about a shitcoin, aka ethereum ~]

Exactly, so we need to study it and possibly improve bitcoin (if it is possible) to counteract centralization.

Speak for ur lil selfie in regards to a supposed "need" to study a shitcoin.    

Bitcoin has one feature that is very similar to gold and is REALLY detested by financiers: it has NO yield.
Of course, it has been so far an appreciating asset, so the yield might be unnecessary.

Of course, yield is not necessary.  Why are you so damned ongoingly distracted about yield when we already know that bitcoin is designed to pump forever, and you should be able to figure out some kind of way to allow ur lil selfie to benefit from bitcoin's price appreciation rather than considering the lack of a supposed "yield" as a negative that is worthy of whining about by asserting what "other people think" blah blah blah.