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

[xhomerx10]

I also stumbled upon something called "Star Trek, Lower decks" Anyone know what that is? Sounds like space porn to me.

Not porn. Just a cartoon/comedy loosely related to Star Trek.

Seems very loosely related from the few minutes of clip I just watched.

I'll stick with the Orville for a comedy version of Star Trek

 Wait... the original Star Trek wasn't a comedy?! 

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[lightfoot]

I also stumbled upon something called "Star Trek, Lower decks" Anyone know what that is? Sounds like space porn to me.

Not porn. Just a cartoon/comedy loosely related to Star Trek.

Seems very loosely related from the few minutes of clip I just watched.

I'll stick with the Orville for a comedy version of Star Trek

 Wait... the original Star Trek wasn't a comedy?! 

Wait.... Orville is a comedy?

[xhomerx10]

COVID found me too….

First time…. It took a long time ….

 Sounds like you must have bobbed when you should have weaved.
 Stay hydrated, get lots of rest and most importantly,
 get better El_Duderino! 

[ChartBuddy]

Explanation

[JSRAW]

Got curious about "Reacher", but could only find season one on Piratebay, any tips on where I can find the rest of it?

I also stumbled upon something called "Star Trek, Lower decks" Anyone know what that is? Sounds like space porn to me.

I would suggest that you should read the book first "killing floor" -Lee Child-, if you're into details. I have watched like 30mins or so pilot episode so i won't comment on tv adaption but in my experience books are superior by a miles. Although i'm enjoying the pilot so far.

[serveria.com]

Meanwhile our little orange friend has decided to climb higher and attack $42k right during the weekend... Go Bitcoin go!  

[cAPSLOCK]

Texas Senator Ted Cruz has invested into BTC

https://twitter.com/WatcherGuru/status/1489772282947985408

I have not always been much of a Cruz fan, and I swear it's not JUST the Bitcoin stuff that  has won me over.  But he is on the leading edge of politicians to be able to see why Bitcoin is not just WoW money that uses more electricity than Christmas Trrees or whatever...

In fact I am getting prouder of my state in general as being on the leading edge of this in the US (not discounting good old WY and AZ)

https://www.cnbc.com/2022/02/03/winter-storm-descends-on-texas-bitcoin-miners-shut-off-to-protect-ercot.html

https://financialpost.com/fp-finance/cryptocurrency/texas-governor-abbott-turns-to-bitcoin-miners-to-bolster-the-grid-and-his-re-election

So, we are in the middle of another North Texas Ice storm. (Hope everything is good at the farm Bob... you're getting a decent stress test for your plumbing! )  And the people here have been experiencing PTSD from last year's "icepocalypse" as we called it.  I have kept this old part of my ~100 year old house as a good luck totem.



When it happened last year there was SO MUCH structural damage ALL OVER Texas that I am sure some plumbers are STILL WORKING a year later from damage that happened during that storm.  Our structures are not really built for the combination of 12f/-12c weather and power outages that basically cause the whole damn state to freeze at once.  We are built, rather for 9 month summers that go to >100f/40c (I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

The grid failures were actually caused by a greed explosion during the cold snap last year, but the whole state has been trembling over the last couple weeks preparing for THIS storm.  And the news has been very fear based over the last week until the last couple days where both local and national media has switched over to the "bitcoin miners are saving the grid" narrative.

It is a sight to be seen.  On top of that we have several gubernatorial candidates (including the incumbent) making Bitcoin a plank in their campaigns. Including a couple challengers saying one of the first things they will do is make Bitcoin legal tender.

Still the most mind boggling thing is the amount of "normie" media talking about Bitcoin saving the grid this time... AND the clarity and extent to which they are GETTING IT.  The articles are not as stupid as Bitcoin articles usually are.

Unfortunately I cannot see this lasting forever...  The powers that be in government and the media will not take well to this amazingly sensible narrative and will shift back to their "boiling oceans"/"more than Norway" bullshit pretty soon, I am sure.

But Cruz, and several other TX politicians are GETTING IT.  They see why Bitcoin is important.  Even some of the nuanced stuff like how it will help the energy sector.  With TX being the energy capital of the USA it makes perfect sense that we will also become one of the mining meccas.  We have such expansive space for large solar/wind farms that can be justified by a base demand of Bitcoin mining.  This is going to be explosive growth here.

As a synergistic corollary the amount of Bitcoin Illuminati that have descended on Austin (for some reason??? but it has been a Bitcoin locus since ~ 2011) is also helping push this as the government also realizes that Texas is becoming one of the states that is attracting the industry in multiple ways.

Mind boggling for me to be watching this happen, frankly.

[Richy_T]

What you guys think?

I think you probably need some sleep.

That is so freaking true…!!!

I think new $40k feeling is overwhelming.

To be clear, there will definitely be borrowing and lending in a Bitcoin world and there will probably be a role for bank-like entities but this idea that your money is "in the bank" like it's sitting in a vault somewhere and you can always access it any time has to end. I mean, haven't people seen "It's a Wonderful Life"?

[ChartBuddy]

Explanation

[cAPSLOCK]

In the range of purchasing (holding) $15k to $50k.... that's not very much BTC.. and I suppose reporting holdings/transactions as a range serves the purpose of disclosing (because he is a public servant) while preserving some privacy.

A sitting senator bought a whole corn!  (Ovbiously)  What do you mean that is not much!  Now the other senators will start to want one... and then they will start reading about it... and then some (like that one) will begin to see...

And then...

The move in politicians with some of the trailblazers getting into this is awesome to watch.  It's not that the politicians ultimately matter to Bitcoin... but having a growing number of them on our side?  That is good news.

[Richy_T]

(I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

Given the rest of the content of your post, the science of when water freezes might be considered fairly relevant. In truth, both are arbitrary and fine

[ChartBuddy]

Explanation

[cAPSLOCK]

(I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

Given the rest of the content of your post, the science of when water freezes might be considered fairly relevant. In truth, both are arbitrary and fine

I am poking the bear with that.  But I do also mean it...  As I said C is better for science (and cooking which IS science really) for sure.  0=freezing 100=boiling.

But 0-100 in F represents a (less exact) useful range of general temperatures for the outside environment with better granularity in between at the unit. 0=cold as hell and 100=Texas.  with 60-80 being a nice 20 point comfort zone.  But you only get about half the whole number granularity with the "science numbers".

If we can only have one scale its Celsius all day long, obviously... but the good old fahrenheit still has a place, I think.

[Torque]

What you guys think?

I think you probably need some sleep.

That is so freaking true…!!!

I think new $40k feeling is overwhelming.

To be clear, there will definitely be borrowing and lending in a Bitcoin world and there will probably be a role for bank-like entities but this idea that your money is "in the bank" like it's sitting in a vault somewhere and you can always access it any time has to end. I mean, haven't people seen "It's a Wonderful Life"?

The tell about banks holding your btc is that they will inexplicably NOT allow you access to a multisig wallet. You may have access to an account with a btc balance, but it will be single signature and behind the scenes they will have the private key and you won't.

That will tell you everything you need to understand about fractional reserve bitcoin banking. Not your keys not your coins, indeed.

[cAPSLOCK]

What you guys think?

I think you probably need some sleep.

That is so freaking true…!!!

I think new $40k feeling is overwhelming.

To be clear, there will definitely be borrowing and lending in a Bitcoin world and there will probably be a role for bank-like entities but this idea that your money is "in the bank" like it's sitting in a vault somewhere and you can always access it any time has to end. I mean, haven't people seen "It's a Wonderful Life"?

The tell about banks holding your btc is that they will inexplicably NOT allow you access to a multisig wallet. You may have access to an account with a btc balance, but it will be single signature and behind the scenes they will have the private key and you won't.

That will tell you everything you need to understand about fractional reserve bitcoin banking. Not your keys not your coins, indeed.

I get your point... But do we really think Banks, which may end up holding large amount of Bitcoin are going to park it in single sig addresses?  That would be incredibly foolish.  But as I said, your point of them wanting to have total control... yeah... I get that part.

[Torque]

I get your point... But do we really think Banks, which may end up holding large amount of Bitcoin are going to park it in single sig addresses?  That would be incredibly foolish.  But as I said, your point of them wanting to have total control... yeah... I get that part.

No, of course in the back office they will have proper cold storage and high security protocols like they should, that would probably involve multisig wallets in the mix.

I'm just referring to what they will expose to the public end user.

A sitting senator bought a whole corn!  (Ovbiously)  What do you mean that is not much!  Now the other senators will start to want one... and then they will start reading about it... and then some (like that one) will begin to see...

Translation: A sitting politician publically bought a tiny amount of bitcoin as a gesture of support, but in private his family bought a fuck ton years ago through shell corps.

[Copetech]

Texas Senator Ted Cruz has invested into BTC

https://twitter.com/WatcherGuru/status/1489772282947985408

I have not always been much of a Cruz fan, and I swear it's not JUST the Bitcoin stuff that  has won me over. 

Ted has an uncanny ability to come across as wonkish & unlikable, But if you can get passed his random reptilian facial expressions (which is helped by the beard) and his often overly rehearsed preachy tone... you start to realize he really does have a deep understanding of founding principles and history and he makes most of his decisions based off of his knowledge and his love for liberty.

But he is on the leading edge of politicians to be able to see why Bitcoin is not just WoW money that uses more electricity than Christmas Trrees or whatever...

In fact I am getting prouder of my state in general as being on the leading edge of this in the US (not discounting good old WY and AZ)

https://www.cnbc.com/2022/02/03/winter-storm-descends-on-texas-bitcoin-miners-shut-off-to-protect-ercot.html

https://financialpost.com/fp-finance/cryptocurrency/texas-governor-abbott-turns-to-bitcoin-miners-to-bolster-the-grid-and-his-re-election

I am super stoked to hear this message is starting to get out! The ability of Energy Providers to monetize excess/waste energy in more remote areas, then instantly send that money anywhere in the world to bolster/subsidize energy production in areas that are overwhelmed or overtaxed can act as a buffer to smooth out the high-cost bubbles. Having capital & resources to mitigate changes is a far better strategy than trying to stop all the freight trains at once to mildly slow the change.

So, we are in the middle of another North Texas Ice storm. (Hope everything is good at the farm Bob... you're getting a decent stress test for your plumbing! )  And the people here have been experiencing PTSD from last year's "icepocalypse" as we called it.  I have kept this old part of my ~100 year old house as a good luck totem.



When it happened last year there was SO MUCH structural damage ALL OVER Texas that I am sure some plumbers are STILL WORKING a year later from damage that happened during that storm.  Our structures are not really built for the combination of 12f/-12c weather and power outages that basically cause the whole damn state to freeze at once.  We are built, rather for 9 month summers that go to >100f/40c (I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

The grid failures were actually caused by a greed explosion during the cold snap last year, but the whole state has been trembling over the last couple weeks preparing for THIS storm.  And the news has been very fear based over the last week until the last couple days where both local and national media has switched over to the "bitcoin miners are saving the grid" narrative.

It is a sight to be seen.  On top of that we have several gubernatorial candidates (including the incumbent) making Bitcoin a plank in their campaigns. Including a couple challengers saying one of the first things they will do is make Bitcoin legal tender.

Still the most mind boggling thing is the amount of "normie" media talking about Bitcoin saving the grid this time... AND the clarity and extent to which they are GETTING IT.  The articles are not as stupid as Bitcoin articles usually are.

Unfortunately I cannot see this lasting forever...  The powers that be in government and the media will not take well to this amazingly sensible narrative and will shift back to their "boiling oceans"/"more than Norway" bullshit pretty soon, I am sure.

But Cruz, and several other TX politicians are GETTING IT.  They see why Bitcoin is important.  Even some of the nuanced stuff like how it will help the energy sector.  With TX being the energy capital of the USA it makes perfect sense that we will also become one of the mining meccas.  We have such expansive space for large solar/wind farms that can be justified by a base demand of Bitcoin mining.  This is going to be explosive growth here.

As a synergistic corollary the amount of Bitcoin Illuminati that have descended on Austin (for some reason??? but it has been a Bitcoin locus since ~ 2011) is also helping push this as the government also realizes that Texas is becoming one of the states that is attracting the industry in multiple ways.

Mind boggling for me to be watching this happen, frankly.

I have to admit, I have often thought TX would be a good place to settle if the Leftist loons continue their slow progress towards making this place another high tax high crime shithole. Just have trouble with the lack of trees & seasons and the fact that so many of your highways are 100ft off the ground! At least it seems like recent moves are going in the right direction as far as seasonal weather, but that makes it even more urgent that you address those highways! It's disconcerting to see the road waving in the wind as you're merging into traffic, but add in icy conditions and flying cars will quickly become an unfortunate reality! You have so much space! Why the hell must you have 5 overpasses stacked vertically?

Buckle up and stay warm down there cAP!
Looking at the Weather forecast, I'm not seeing any problems on the horizon in your area... are they actually calling for something or is this just noise based solely on last year's "once in 100 years" storm?

[ChartBuddy]

Explanation

[Biodom]

<snip>Just have trouble with the lack of trees & seasons...

it depends on the place...Texas is big.

Houston has a bewildering variety of trees..from oaks and pines (surprisingly) to palms.
Pines around here tolerate both 30F and 100F quite well.
Quite a lot of deciduous trees (losing leaves in fall/winter): crepe murtles, redbuds, silver maples.
It's just the Fall does not really start until November-December.
The city is VERY green overall.

[El duderino_]