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

[savetherainforest]

*Sigh* lawyers screwing up affecting my finances again. Get ready for the rocket if I have to sell some BTC to bridge the gap.

I told my landlord that I won't be paying them rent this month, cuz I'm saving so I can buy the dip so I can buy my Yellow Lamborghini back from the loan sharks.   

[1715305121]

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[1715305121]

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[1715305121]

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[ChartBuddy]

Explanation

[Blue King]

💥BREAKING:
 Brazilians can now buy apartments with Bitcoin from listed property developer Grafisa.

Source:https://twitter.com/BTC_Archive/status/1529060203550973952

[Tash]

*Sigh* lawyers screwing up affecting my finances again. Get ready for the rocket if I have to sell some BTC to bridge the gap.

Readying the Bulls for the next run. Somebody be going to the moon.
https://preview.redd.it/fmnahlzbti191.gif?width=320&format=mp4&s=72dca95611b3763ca36d41989f8a34a77f91260d

[ImThour]

Is the font changed or what? Why the forum looks weird to me.


Oh, and good riddance mods. This account used to just copy paste every single thing from Twitter onto the WO just to farm those merits.

As far as I've seen, you've been heavily spamming WO with useless copypasta so I don't think you'll be missed. You should go to Twitter.

+1 suchmoon.

[DaRude]

The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning, the Treasury Department said.
...
“OFAC can force Russia into default at any time. OFAC is still in the driving seat,” Ash said.

https://www.cnbc.com/2022/05/24/us-bars-russia-from-paying-bondholders-through-american-banks-increasing-default-risk.html


You default because we won't accept your money approach. Not sure if it's possible to make a bigger mockery of the "global reserve currency".

[ChartBuddy]

Explanation

[bitebits]

https://gist.github.com/RubenSomsen/c43b79517e7cb701ebf77eec6dbb46b8

https://tftc.io/martys-bent/issue-1214-silent-payments/

[ChartBuddy]

Explanation

[goldkingcoiner]

Yet another school shooting in USA. WTF America. Get your shit together.

If you changed your gun laws this shit would stop.


Or better yet you can change "right to bear arms" to "right to arm bears" and that would make the world a much more interesting place

[cygan]

@fillippone
i leaked your whatsapp chat history

[ChartBuddy]

Explanation

[BitcoinBunny]

Yet another school shooting in USA. WTF America. Get your shit together.

If you changed your gun laws this shit would stop.


Or better yet you can change "right to bear arms" to "right to arm bears" and that would make the world a much more interesting place

I don't live in the USA so my opinion is not relevant to citizens and voters. If I could vote over there I would probably mostly lean republican but the gun stuff I do think should be tackled regardless.
I can see the right to bear arms as a touchy subject and outright banning will never work and I wouldn't quite agree with.

Regardless, many of these mass shooters recently are in the 18-25 age range.
Not sure the initial stuff we've heard about this loser is true but apparently he bought the semi automatics on his 18th birthday.

They should ban buying guns (and also ban voting!) for anyone younger than 25. In concession the dems should agree on required voter ID.


What they've done in Scotland allowing voting for 16 and 17 year olds is also sick in the head if you ask me.
I'd like to see the age of voting increased in the west. Sure, I also thought I knew everything at 18-19 but I clearly didn't.

[fillippone]

@fillippone
i leaked your whatsapp chat history

That’s me! How do you know!

[savetherainforest]

The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning, the Treasury Department said.
...
“OFAC can force Russia into default at any time. OFAC is still in the driving seat,” Ash said.

https://www.cnbc.com/2022/05/24/us-bars-russia-from-paying-bondholders-through-american-banks-increasing-default-risk.html


You default because we won't accept your money approach. Not sure if it's possible to make a bigger mockery of the "global reserve currency".

Just 1 Trillion?? That's peanuts. Wait till China finds out that the US will reach soon over 200 trillion in debt. Them holding over 0.5% will be just laughable.

[shahzadafzal]

@fillippone
i leaked your whatsapp chat history

That' took him 6 minutes to decide? I don't think so...

We all are Bitcoiner and if bitcoin was a country and it's hodlers were citizen then....

Bitcoin would have been 24th richest country in world, ranking above Belgium, Thailand, Argentina, Nigeria, UAE and this when we are not at our best yet

[Lucius]

I posted this link in some thread a couple of months ago, but I don't think anyone commented on it. It’s interesting to go a little through the history of how Bitcoin became a legal tender in El Salvador with the help of the guys from Tether, and how one altcoin lost that battle at the end of the race.

The crew doing the Bitcoin Bonds has been living it up in El Salvador, to great attention from the local press — people from iFinex, Samson Mow, Simon Dixon from BnkToTheFuture, and RT broadcaster and Bitcoin maximalist Max Keiser and his wife Stacy Herbert. [Elsalvador.com, in Spanish]

Max Keiser had suggested Bitcoin bonds to the government way back in June 2021. [El Faro, in Spanish]

Mow, Keiser and Herbert took a military helicopter, piloted by an El Salvador Air Force captain, to La Unión, the alleged future site of Bitcoin City. It doesn’t get much more libertarian than that. The local press coverage was not positive concerning the private partying on public funds. [Elsalvador.com, in Spanish]

Bukele brought companies in to work on the Bitcoin project based on whether they were politically reliable — without paying too much attention to competence.

The companies were mostly friends of Bukele’s long-standing “shadow cabinet,” who are associated with the Venezuelan opposition to Nicolás Maduro. Shadow cabinet leader Sara Hanna has advised Bukele since he was the mayor of Nuevo Cuscatlán, around 2012 to 2015. [El Faro, in Spanish; El Faro, in Spanish]

Hanna and cryptocurrency promoter Lorenzo Rey designed the Chivo network. Rey promoted the Dash altcoin for payments and remittances in Venezuela — though a lot of the Venezuelan merchants listed as accepting Dash couldn’t be verified as … existing at all. [George Donnelly]

A team from Cardano came to El Salvador in early 2020 to promote their minor altcoin ADA as a possible legal tender crypto, and negotiated up to mid-2021. Apparently, negotiations failed just a few weeks before Bukele’s big announcement about Bitcoin in June 2021 — and the whole project was scrapped.

https://davidgerard.co.uk/blockchain/2022/02/26/el-salvador-bitcoin-tether-buys-itself-a-country-and-why-chivo-sucks/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

Just discovered Peter McCormack's documentary on El Salvador's Bitcoin adoption:

https://www.youtube.com/watch?v=ig3UN1GYmY8

EDIT: Not great... but OK-ish, imho.

Sure it seems a bit strange that Peter had made 30 minutes worth of video production, and he seemed to have been struggling so much about whether 1) Bukele is a dictator or not, or 2) is passing bitcoin as legal tender the right course of action for the country.. and even in his interview with Bukele, it seems that he had not prepared enough... in terms of talking about various aspects of what Bukele is doing or wants to do and even how much interaction that the administration might have been attempting to make with the people and/or businesses.. or even talking about the mining that they might be preparing to do, but if you just ask "are you a dictator or not?"  That is not even a very open ended question, and it just seems as if the underlying facts were not really fleshed out, even though it seems that Bukele was willing to have an interview and has not even shown a history of being closed off.. but if you ask closed ended questions, that's not going to get any interviewee to open up  whether he is a regular peep or a president.

I admit i do not know much about PMC, but his name kept floating around for a while now on twatter. He seems a bit inexperienced to me, he seems to try to come around like Michael Moore but destroys this image with questions that remind me of Ali G. (S.B. Cohen) intruductions, like the one you mentioned as a pretty on-point example.
I like his engagement for Bitcoin, but i hope he will improve a lot as a journalist in the near future, which also takes somewhat of a set of balls and nifty interview tactics sometimes. I feel he would want to work on a more serious face impression, too.

In the whole balance of things, I consider myself a P. Mccormack fan - even though for sure there is some weirdness about some of his ways - but overall I consider him to be a pretty good interview most of the time, even though he has been criticized for being too dumb sometimes or too wishy-washy.. but he has remained quite a bit of a work-horse in terms of consistently putting out podcast episodes and he has had some pretty amazing guests (and discussions) through the years including some of his drama queen stuff - in which he has admitted to going down some of the drama/attention whore routes on purpose..   I probably have listened to nearly all of his audio podcast episodes since 2017-ish.. or whenever I first heard about him.  
 
Link to Peter's podcast home page.

https://www.whatbitcoindid.com/

Here's another way of listening to his podcast - through Overcast:

https://overcast.fm/+LCsEhdiRU


It could be that Peter is better in the audio only format - even though there is nothing really wrong with how he looks, but surely some of his facial expressions come off as weird from time to time in that particular El Salvador "documentary".. and probably those are the kinds of reactions that regular people have in the real world.. but maybe post production will edit those kinds of expressions out of the more "professional" video presentations.  Perhaps? perhaps?  

In my own listening to podcasts, it is pretty rare that I watch actual videos rather than just listening to the audio presentations.. and probably the vast majority of video presentation exposure that I get comes through this thread or other links that I might come across through this forum... otherwise I tend to find audio format to be a bit more practical for my own ability to listen while I am working, driving, walking or exercising.


By the way, in regards to the Bukele interview, Peter said that he fucked up the first interview, but he was going to go back and ask the tough questions.. blah blah blah.. so it was a bit ironic that his second interview came off as being worse (from my perspective) than the first, in spite of his own self-direction to do better.. hahahahaha
 

As of the question, sometimes a sane dictator seems to do a better service to a poor country than some form of democracy, imho.

I doubt that we are getting very far with our discussions about dictator versus democracy.. but surely there can be trade offs in terms of potentially getting things done - and the extent to which possible enlightened leaders would end up benefiting the folks more or if it is better to ensure that decisions and even execution is spread out a bit more....  

Personally, it seems to me that we could get quite led astray by trying to get caught up too much into various politics - and surely we can have opinions about whether some individuals might be wielding too much power or if they might be instituting  policies in self-serving ways, rather than making sure that they are fairly accounting for various deficiencies in their communities.
 

I want you to take note that i don't give Bukele any credit for being a particularly good or bad dictator, leader, president of San Salvador.

EDIT: Taking about ten minutes to find out Michael Moore's name because of my m3m0ry got ChartBuddy three posts in a row   Slowey poey strikes back  

I don't know how much Michael Moore would be a great comparison, but surely I believe that I do get at least part of your point that sometimes journalists can get involved in their own  contradictions when they are pointing out contradictions that exist in society in regards to various policies and practices and the impacts of various policies and practices, and surely each of us have to attempt to figure out how much we might buy into any kind of framework that might be presented to us through journalists, and I doubt that it is bad when journalists might attempt to take a moral stance - and surely the extent to which they might present their view as objectively correct or not is going to vary too in terms of the medium in which they present their story and maybe the extent to which they might have others helping them to figure out the extent to filter or not.

Following up to my earlier post (above) on the McCormick El Salvador documentary, within McCormick's podcast, "What Bitcoin Did," he just released his full interview with Bukele (which would be McCormick's second interview with Bukele).

I posted some commentary, a link back to this post and a link to that full interview in the El Salvador Bitcoin law thread (here).

Essentially, both Bukele and McCormick come off as much more thoughtful and likable within the context of that full interview - rather than the shorter clipped portion of the interview within the earlier released 36-minute video documentary.  I think that it is a "must listen to" interview if any of you peeps want to get a decent on-the-ground-perspective regarding how Bukele speaks about bitcoin, and about various social justice and representational matters/issues that he faces.