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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
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8/4 - 16 (12.9%)
8/11 - 8 (6.5%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26491114 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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April 06, 2022, 09:05:00 PM


Explanation
Hueristic
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April 06, 2022, 09:46:52 PM

I have to admit... I am not done processing this news, and the concept gives me a little pause.

BUT. One thing I think many have not yet seen (gawd I sound like CSW) is the fact that the Bitcoin blockchain will continue to be the most secure distributed shared database on the earth.  And that quality gives it the unique ability to underpin these sorts of products.

One thing you often hear from the mouths of alt-coiners is that Bitcoin will not be able to pay the miners after a few more halving to remain as secure as it should.  But the tradeoffs being made imply the possibility that transactions on the base layer could become quite expensive over time.  Either that or we allow more of them, or a combination.

But what we have here is a transactional currency that is rooted in the security of the base chain.

I really wish Finney had lived to see this.  I would love to hear his thoughts on the matter.  I feel like it could be a sort of extension to what he described with his "bitcoin banks" ideas.

Is it dangerous?  Does it somehow subvert Bitcoin and give control back to the elites?  

I have no idea.  But I do know we will hear that a lot.  Tech surprises us.  This is a VERY interesting evolution in the history of Bitcoin.  i do think this is going to get the attention of a lot of very powerful people.  And the fun part is... if the Fed does not allow the dollar to be traded this way, then something else will happen instead.  They either embrace this.  Or they get steamrolled.

I haven't looked into any of this but are they just copying bitcoin omni layer onto lightning?
cAPSLOCK
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April 06, 2022, 09:48:01 PM

Seems to me we are seeing a reasonable retest of the break through the trend line here...  So which way, young bitcoin?



Ah.  Looks like down.  

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what is this "brake pedal" you speak of?


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April 06, 2022, 10:04:04 PM
Merited by psycodad (1)

But then again, there is this Artur Korneyev pal who in his pretty dark sense of humor said that "russian radiation is the best" after shooting a selfie in front of the Chernobyl elephant foot:



^ The interested observer will notice the sophisticated safety measures being applied: a hard hat (better safe than sorry when dealing with this nucular stuff, though typical russian he even omits the mandatory safety goggles).
..


well it looks like he did have something like steel toe boots. so there is that.
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April 06, 2022, 10:04:55 PM


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what is this "brake pedal" you speak of?


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April 06, 2022, 10:06:55 PM

Ah.  Looks like down.  

GUH
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April 06, 2022, 10:35:20 PM

OT..a depressing read. Feeling unhappy about the long term meaning of it.
Hoped that once COVID is past (at least from the collective conscience), brighter future might ensue...and now this.
Not sure what is the place of bitcoin in potentially decade(s) long struggle.

https://www.newstatesman.com/world/europe/ukraine/2022/04/russia-cannot-afford-to-lose-so-we-need-a-kind-of-a-victory-sergey-karaganov-on-what-putin-wants

TL;DR it might not stay only in Ukraine..and Russia will become linked to China as a minor partner/satellite.
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April 06, 2022, 10:40:19 PM
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dyor

D w/ cloud


D w/ line


zooming out a little bit it still appears to be in a rising channel with 200ma resistance being tested at a higher high and now swinging back towards 50ma support levels
D w/ ma's and a doodle or two

stronghands
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April 06, 2022, 11:01:21 PM


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April 06, 2022, 11:10:02 PM
Merited by JayJuanGee (1)

I have to admit... I am not done processing this news, and the concept gives me a little pause.

BUT. One thing I think many have not yet seen (gawd I sound like CSW) is the fact that the Bitcoin blockchain will continue to be the most secure distributed shared database on the earth.  And that quality gives it the unique ability to underpin these sorts of products.

One thing you often hear from the mouths of alt-coiners is that Bitcoin will not be able to pay the miners after a few more halving to remain as secure as it should.  But the tradeoffs being made imply the possibility that transactions on the base layer could become quite expensive over time.  Either that or we allow more of them, or a combination.

But what we have here is a transactional currency that is rooted in the security of the base chain.

I really wish Finney had lived to see this.  I would love to hear his thoughts on the matter.  I feel like it could be a sort of extension to what he described with his "bitcoin banks" ideas.

Is it dangerous?  Does it somehow subvert Bitcoin and give control back to the elites?  

I have no idea.  But I do know we will hear that a lot.  Tech surprises us.  This is a VERY interesting evolution in the history of Bitcoin.  i do think this is going to get the attention of a lot of very powerful people.  And the fun part is... if the Fed does not allow the dollar to be traded this way, then something else will happen instead.  They either embrace this.  Or they get steamrolled.

I haven't looked into any of this but are they just copying bitcoin omni layer onto lightning?

Sir i want to Explain it as much i know it. It is going to be merged like The Lightning layer and the OMNI layer the basics of OMI layer is to provide the Base of the Flow of Stable Currency as USDT through out the various nodes on the Lightning Layer for the funds transection.

It seems like combo in which stable coin flow will be of

Pegged or Derivative Contract as TUSD and USDT.

Other i am not sure for The Communication between the layers



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April 07, 2022, 12:03:45 AM

Nice. Much better.
I couldn’t go to sleep, so I had coffee in the middle of the night.

Secret in the Dark

Carry on.
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April 07, 2022, 12:05:00 AM


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April 07, 2022, 12:09:29 AM

I have to admit... I am not done processing this news, and the concept gives me a little pause.

BUT. One thing I think many have not yet seen (gawd I sound like CSW) is the fact that the Bitcoin blockchain will continue to be the most secure distributed shared database on the earth.  And that quality gives it the unique ability to underpin these sorts of products.

One thing you often hear from the mouths of alt-coiners is that Bitcoin will not be able to pay the miners after a few more halving to remain as secure as it should.  But the tradeoffs being made imply the possibility that transactions on the base layer could become quite expensive over time.  Either that or we allow more of them, or a combination.

But what we have here is a transactional currency that is rooted in the security of the base chain.

I really wish Finney had lived to see this.  I would love to hear his thoughts on the matter.  I feel like it could be a sort of extension to what he described with his "bitcoin banks" ideas.

Is it dangerous?  Does it somehow subvert Bitcoin and give control back to the elites?  

I have no idea.  But I do know we will hear that a lot.  Tech surprises us.  This is a VERY interesting evolution in the history of Bitcoin.  i do think this is going to get the attention of a lot of very powerful people.  And the fun part is... if the Fed does not allow the dollar to be traded this way, then something else will happen instead.  They either embrace this.  Or they get steamrolled.

I haven't looked into any of this but are they just copying bitcoin omni layer onto lightning?

Sir i want to Explain it as much i know it. It is going to be merged like The Lightning layer and the OMNI layer the basics of OMI layer is to provide the Base of the Flow of Stable Currency as USDT through out the various nodes on the Lightning Layer for the funds transection.

It seems like combo in which stable coin flow will be of

Pegged or Derivative Contract as TUSD and USDT.

Other i am not sure for The Communication between the layers





Sorry but I just can't follow your broken English posts, maybe in the future you might want to just quote pertinent information rather than trying to paraphrase it?


I've found this article that seems to do a pretty good job of eli5ing it and indeed it does look like a patch to run omni code over lightning.


https://thebitcoinmanual.com/articles/ln-stable-coins-work-omnibolt/

Quote
OmniBOLT is based on the fundamental theory of Lightning Network specification and describes how to enable OmniLayer assets to be circulated via lightning channels and how can smart assets benefit from this novel quick payment theory.


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April 07, 2022, 01:00:20 AM
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https://news.bitcoin.com/research-shows-19-of-bitcoins-hashrate-is-managed-by-publicly-listed-companies/
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April 07, 2022, 01:01:21 AM


Explanation
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April 07, 2022, 01:03:23 AM

Luna will cross the Macrostrategy soon



https://news.bitcoin.com/luna-foundation-purchases-5040-btc-terras-reserves-rise-to-35767-bitcoin/
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April 07, 2022, 01:36:51 AM

dyor

D w/ cloud


D w/ line


zooming out a little bit it still appears to be in a rising channel with 200ma resistance being tested at a higher high and now swinging back towards 50ma support levels
D w/ ma's and a doodle or two

stronghands

This analysis seems right to me.  Kudos.
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April 07, 2022, 01:44:26 AM
Merited by El duderino_ (10)


People on Twitter has been asking about balls… just remember it’s a cyberbull.



————

You can even ride the bull in Miami and wind a full  btc:

A whole 1 BTC wow… but they can’t beat our competition master El duderino_ when new competition?
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April 07, 2022, 02:01:23 AM


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cAPSLOCK
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April 07, 2022, 02:12:57 AM
Merited by El duderino_ (30), BobLawblaw (3), friends1980 (2), vapourminer (1), Hueristic (1), jojo69 (1), Richy_T (1), AlcoHoDL (1), DdmrDdmr (1), Arriemoller (1), Toxic2040 (1), shahzadafzal (1), OutOfMemory (1), psycodad (1), ImThour (1), Krubster (1)

TWO FUCKING YEARS!

More than that.

I left my old job in January 2020. Started the new one in Feb 2020.  It's a 100% remote position.  But part of the deal, is as a new employee I had to go into the office for 90 days before I could be let loose to be a remote employee.  Well 21 days in or so I started getting a little tired of being in a ghost office by myself.  So I asked my manager if I could work a few days from home a week.  He got back to me.  YES!  That would be fine.  Come in 2 days a week, and work from home 3 of them.

Then the email.

"As of tomorrow, do not come in any more."  It was 100% remote due to covid.  HOORAY?

You all know this story.  You have lived some version of it.

So I worked over the next years.  And I got to do some interesting stuff.  I designed the computer workflows for the vaccine clinics we stood up.  And volunteered in them.  I was careful - myself.  Doing the grocery shopping for my family.  Masking and the whole works.  I built the dashboards that showed COVID admission, treatment, and mortality for our administrators.  I was deeply in that data for quite some time.

And over that time I noticed something.

Covid was infecting HUGE amounts of people.  But considering those numbers?  It was not killing that many.

The way it went was this (and I posted this here at some point)  The majority of people that got it either never knew or felt like they had a cold and got over it without medical attention.  The majority of the remainder my have come into the hospital out of paranoia, or serious need, but were sent home to "isolate and let the damn thing take it's course".  The majority of the remainder from THAT were admitted and taken care of for a few days or a week or two and sent home all better.  Then finally the remainder excluding all the above positive outcomes were admitted to ICU.  And whatever tiny sliver of folks were left might be intubated.  

That last group?  A vanishingly small percentage.  But you did not want to be in it... because if you got to that point... well it did not typically turn out well.

But my dashboards matched the data we were almost never hearing in the mainstream news.  99.x% of people would survive this disease, just as they would a cold.  It could be a terrible disease for those who were the 0.x%.  And I would never want to take away the seriousness of that for those who have suffered, and have had loved ones die, or have died themselves.

But the all the same things are true of the FLU as well.

Covid was not really a huge threat.  The way it WAS serious was just that it was so contagious that it would produce, just because of the sheer numbers, a lot of sick people, and a certain tiny percentage of those would die.

Anyway... here we are now.  The world having set fire to itself because chicken little was SURE the sky was falling.  And it is time to build again.

Well, this weekend my inlaws were in town. We did a lot of things together.  and in the midst of it?

Yeah.  I got the damn coof.

Well... chances are quite good I have what amounts to a mild cold, and survive to see my bitcoin hoard provide security for my family.

But just in case I get intubaed and kick the bucket?  I love you guys, and I wish you all well.  Consider my lost coins a donation to you all.

Smiley
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