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

[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.

[ChartBuddy]

Explanation

[Popkon6]

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.

What goes away is the past.  Because earlier Luna took my wealth and again FTX devoured my wealth.  Due to which I have lost my resources like this.  And at 40 thousand bitcoin was almost struggling for a long time there I invested some which now came down to 16 thousand dollar bitcoin.  Then tell me what can happen to me.


Luna I invested in the past and present. .,...

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FTX was purchased at $22. So now you have done very few shows. Thus I ate e loss in all coins and now my situation is critical. Each coin was bought by me for 22 dollars 18 cents.

[Toxic2040]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

ffs...interrupt