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

[BobLawblaw]

Maybe a line of purple fence posts?

...between myself and Rick TBH

[Hueristic]

https://twitter.com/jespow/status/1596227034190995457?cxt=HHwWgoCjnfmB-KYsAAAA

[JayJuanGee]

https://twitter.com/jespow/status/1596227034190995457?cxt=HHwWgoCjnfmB-KYsAAAA

I am all fine with proclaiming that something is not enough...  yet?  Do we want to go from zero to perfect?  And, what is perfect?  What would be perfect?  Is perfect achievable?  Is perfect even desirable?  I am not saying don't do nothing, but still there are balances to any of these matters.  Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)?  That would be a start, no?  That would be a step in the right direction, no?

Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction?  Do we believe that a company is going to show everything?  Every single thing?  Where's the incentive to show every single little thing?  And where is the verifiability in terms of showing every single little thing?   At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin?  Everything else requires some level of trust, no?  

So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there?  Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency?  Then when is it going to stop?  When are the disclosures going to stop?  First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too?

[ChartBuddy]

Explanation

[Stepstowealth]

Two Beautiful Nations Pitted against each other... Sorry Canadian Brothers. We love you. GO CROATIA LETS OWN 2022 !!

Too sad! Canada was doing well. If you are Canadian and in Qatar watching the world cup, don't go home, support another team.

[eXPHorizon]

Two Beautiful Nations Pitted against each other... Sorry Canadian Brothers. We love you. GO CROATIA LETS OWN 2022 !!

Too sad! Canada was doing well. If you are Canadian and in Qatar watching the world cup, don't go home, support another team.

Canada was doing really well for sure but cant stand up to Vatreni . Well man there was not many Real Canadians there anyway.. You can tell by the way they Boo when the ball is not being played . Real fans dont Boo that  

[Hueristic]

https://twitter.com/jespow/status/1596227034190995457?cxt=HHwWgoCjnfmB-KYsAAAA

I am all fine with proclaiming that something is not enough...  yet?  Do we want to go from zero to perfect?  And, what is perfect?  What would be perfect?  Is perfect achievable?  Is perfect even desirable?  I am not saying don't do nothing, but still there are balances to any of these matters.  Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)?  That would be a start, no?  That would be a step in the right direction, no?

Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction?  Do we believe that a company is going to show everything?  Every single thing?  Where's the incentive to show every single little thing?  And where is the verifiability in terms of showing every single little thing?   At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin?  Everything else requires some level of trust, no?  

So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there?  Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency?  Then when is it going to stop?  When are the disclosures going to stop?  First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too?

The point is CZ is a snake and he is trying to show how all funds are safu with sleight of hand akin to craig wrong signature scam.

CZ is the one who started all this your funds are not backed that started the dominos and as I pointed out a few days earlier he had this all ready to go while he tried to goad armstrong into calling him out.

But Jesse Powell (Kraken CEO) is not a fool and a true cypherpunk Idealist who has had his books open and audited for years is calling him out on his little maneuvers.

I do agree it is cool to see some info being provided but now is the time to pressure that snake into FULL Disclosure.

Especially since he is the one who started it and apparently thinks he has all his dominos lined up.

https://www.youtube.com/watch?v=DelF6zEHXpE

[ChartBuddy]

Explanation

[AlcoHoDL]

https://twitter.com/jespow/status/1596227034190995457?cxt=HHwWgoCjnfmB-KYsAAAA

I am all fine with proclaiming that something is not enough...  yet?  Do we want to go from zero to perfect?  And, what is perfect?  What would be perfect?  Is perfect achievable?  Is perfect even desirable?  I am not saying don't do nothing, but still there are balances to any of these matters.  Wouldn't progress be being made by first having all (or most) exchanges showing their bitcoin (showing what is verifiable, first?)?  That would be a start, no?  That would be a step in the right direction, no?

Powell seems to be suggesting that it is totally worthless to show the reserves because it is not enough and it is misleading - but is it a step in the right direction?  Do we believe that a company is going to show everything?  Every single thing?  Where's the incentive to show every single little thing?  And where is the verifiability in terms of showing every single little thing?   At least with bitcoin, and the bitcoin's blockchain there is verifiability.. and what else has anything close to the same level of verifiability as bitcoin?  Everything else requires some level of trust, no?  

So I am not sure how you can show everything else without trust, so why not start with the verifiable aspects first.. and then once we get everyone showing the verifiable aspects (if that's even possible?), then we might be able to take some additional steps from there?  Maybe some exchanges are willing to show some of the their liabilities, but getting to show everything seems a bit much to expect anyone to cooperate in doing or even to consider that we want that level of transparency?  Then when is it going to stop?  When are the disclosures going to stop?  First institutions (such as exchanges) disclosing, but do the disclosures stop at that point, or then will we require individuals to disclose too?

The way I see it, perfect is desirable, but, sadly, not achievable. But we can try our best to get as close to it as we possibly can.

The problem I have with Binance's "Proof of Reserves" system, as explained by Kraken's Jesse Powell, is that they are adding up their assets and calling the sum "reserves". They are abusing the term, it is misleading and can give the wrong impression to clients who are not able to understand the terminology used.

[ChartBuddy]

Explanation

[OutOfMemory]

Not much to say these days, CB... totally flat he is.
Bitcoin doing it's thing, much work around the house, harmonic family life.


And yeah, up and out for too long at night:
(The Rosetta Nebula, with central star cluster NGC 2240)

EDIT: Only 82 minutes of exposure, because the battery drained in the cold too quickly. The astrocamera will be a nice upgrade, also because of the PSU.
The DSLR used here also produces annoying noise. At longer exposure times (even at 60 seconds per frame), i have to sacrifice fine details at postprocessing for getting rid of the nasty noise, even as it is reduced at stacking the 82 single pictures.

[Biodom]

Not much to say these days, CB... totally flat he is.
Bitcoin doing it's thing, much work around the house, harmonic family life.


And yeah, up and out for too long at night:
(The Rosetta Nebula, with central star cluster NGC 2240)

EDIT: Only 82 minutes of exposure, because the battery drained in the cold too quickly. The astrocamera will be a nice upgrade, also because of the PSU.
The DSLR used here also produces annoying noise. At longer exposure times (even at 60 seconds per frame), i have to sacrifice fine details at postprocessing for getting rid of the nasty noise, even as it is reduced at stacking the 82 single pictures.

I am always amazed by looking at those nebulae...thinking about how all that gas gets converted to igniting stars, which then (if they are too massive), end up as a supernova, which makes "metals", which then gets to be incorporated into solids, like our planet (around another star), carbon, nitrogen and oxygen (although those are produced during 'regular" nucleosynthesis and supernovae simply spread them around in an explosion) into our bodies..etc, etc.

[ChartBuddy]

Explanation

[Toxic2040]

[ChartBuddy]

Explanation

[HI-TEC99]

FTT Holders?

I am not sure if that image captures the matter very well.  Something is off.

When we refer to the FTX we have to describe some kind sneaky deliberateness that is coming from FTX/Genesis actors... but there are other things happening too..

Need a MOAR better meme....

Also, surely some of the investors were innocent, but there is something going on with the investors too.. to get caught up so much with such lack of verification of assets and lack of due diligence and .. just a kind of lemming/sheep momentum in which there is following because everyone else is doing it.

[Biodom]

FTT Holders?

I am not sure if that image captures the matter very well.  Something is off.

When we refer to the FTX we have to describe some kind sneaky deliberateness that is coming from FTX/Genesis actors... but there are other things happening too..

Need a MOAR better meme....

Also, surely some of the investors were innocent, but there is something going on with the investors too.. to get caught up so much with such lack of verification of assets and lack of due diligence and .. just a kind of lemming/sheep momentum in which there is following because everyone else is doing it.

...huge hands, though...huuuge.

[HI-TEC99]

FTT Holders?

I am not sure if that image captures the matter very well.  Something is off.

When we refer to the FTX we have to describe some kind sneaky deliberateness that is coming from FTX/Genesis actors... but there are other things happening too..

Need a MOAR better meme....

Also, surely some of the investors were innocent, but there is something going on with the investors too.. to get caught up so much with such lack of verification of assets and lack of due diligence and .. just a kind of lemming/sheep momentum in which there is following because everyone else is doing it.

...huge hands, though...huuuge.

Is this any better?

[ChartBuddy]

Explanation

[philipma1957]

Grabbed a piece today on top of the dca .
, dca is on friday.