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

[Biodom]

Tropic countries when they see people taking melatonin suplements:

Really?.

you are mixing melatonin with melanin, buddy.

you get more melanin (dark skin pigment) when exposed to the sun; in tropics more, of course.
A different substance.

[1715362711]

1715362711

[philipma1957]

I got a letter today telling me the bad news.  Fuck.  They're offering 2 years of identity theft protection services but what good is that when my Social Insurance Number is forever?  I don't have much with Mackenzie but the first thing I do will be to move it out... I'm thinking Bitcoin.

Can you not change your social insurance number? I guess it would be a pain in the arse to change it everywhere, but I'd hope they'd have something in place to secure people who have had their data breached.

 I didn't think I could but after reading your post, I looked into it and if I can prove it was stolen, I can change it!   I'm going to go to Service Canada first thing Monday with my letter and try.  Thanks for prompting me

Canada once again better than the USA !

 Well, I don't want to get my cart ahead of my horse but I'll keep my  fingers crossed.

please keep us informed.

I would be interested to see if you can get it done.

I will check on my US SSN again.

I know there are no attacks on it so far, but it is stolen and it was passed around on the dark web.

I think the only thing helping me is my name is one of a kind.

I am a reverse of John Smith. I have never found anyone anywhere with my name.

 Well I found out today that unless I can prove fraudulent activity using my SIN,  it is not possible to change it.  So far, all I have is the letter saying it was compromised in a hack which isn't sufficient.  

fuck the USA and Canada. oh well. we are in the same continent so same rules.

 This is a bit tangential but within the bounds of 'same continent same rules.'  I was reading a Scientific American article about melatonin today.  I actually have given my daughter a 3mg sublingual cherry flavoured melatonin on very rare occasions when she can't sleep and this article addressed that issue:

excerpt from https://www.scientificamerican.com/article/should-you-give-your-kid-melatonin/

 The article says:

"In the U.S., melatonin is categorized as a dietary supplement and thus doesn’t require a prescription, whereas in the European Union, the U.K., Australia, Japan and Canada, it is available by prescription only. For kids, there’s no universally agreed-upon dosage or age at which they can start taking the supplement."

 
 I know for a fact that in Canada melatonin is treated as a supplement and is available OTC just like in the US with no prescription required.   I find it disheartening that one of the oldest and highly respected science publications can't get their facts straight.  I did some searching online and it seems to be a common misconception that melatonin is outright banned in Canada... it is not.  There are 18 pages of products containing melatonin listed in the government of Canada's Natural and Non-prescription Health products database any of which are available OTC.

 Now I can't trust any of the article.  I might as well just take an unscientific poll here!  Who thinks it's okay to give my kids melatonin once in a while?

I think what you are doing is better than giving a kid a bottle of milk laced with kalour/alcohol

[xhomerx10]

Tropic countries when they see people taking melatonin suplements:

Really?.

you are mixing melatonin with melanin, buddy.

you get more melanin (dark skin pigment) when exposed to the sun; in tropics more, of course.
A different substance.

 I think tropical fruit to them is like turkey to us... ZZzzzzzzz

[JayJuanGee]

.....i would really like to know Satoshis opinion on that shit.

Fuck satoshi.

Who cares what he thinks (or thought)?  Can't go crying to daddy satoshi.



We're BIG boys and girls now.... on our own.

 



 








 

[edited out]

it's up to the market to decide.  
Bitcoin is the most secure database humanity has invented, and the market participants will outbid each other for being able to use it.  

Right now only a bunch of freaks are using it. But wait until mainstream catches up. We have seen nothing yet... (compare it to the internet)

Lookie uie poo-ie.. ... 

All diplomatic (and professional) about the matter.

 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[shahzadafzal]

"The 2024 halving could send Bitcoin's price 4-8x higher."



Twitter Thread https://twitter.com/Croesus_BTC/status/1655566037838962691

[somac.]

https://mempool.space/block/0000000000000000000430bf9f7566adc062e14a1f0feff7b132bf4e9a261d40

 

Wow. That only used to happen when somebody fat-fingered.

There have been some crazy blocks. Look at the fee span on this one. I wish there was a way to order the transactions by highest/lowest sat/vB

[Maslate]

What does a high transaction fee usually imply? Are we expecting a bull run coming soon, or what? Because the last time I experienced this high transaction fee, the market has been very bullish, so what is it now?

Spam from greedy gullible people, see The severity of the Ordinals Attack is increasing.

Thanks for referring me to that thread, I'll get myself aware of what really is happening now.

Right now the highest is $7.87 for high priority, way too low compared to yesterday's over $20.

[ChartBuddy]

Explanation

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

Explanation

[Who is John Galt?]

one day there will be sidechains / second layers for all this stuff to run on Bitcoin, if we like it or not.  mEth and all these other projects will die.

Bitcoin will be the settlement layer for everything - even scams.  Fees will go into the thousands of USD.  One single onchain transaction will settle millions of offchain transactions.

these BRC20/ordinals are just the beginning of what's going to happen within the next decade(s).  We can already see them push exchanges like BChinance to implement Lightning.


only my2cts

Maybe I don’t understand something enough, but from a technical point of view, how are sidechains or second layers fundamentally different from other altcoins, besides the fact that they use fees directly in bitcoins, and not in an intermediate token? In fact, what you are saying has been around for a long time, because all other networks are the big second layer, which is built on the basis of bitcoin. And in the case of different tokens, there is not much difference whether they will be on the network with some declared intermediate token or with an imitation of bitcoin as an intermediate token. The real bitcoin is only on the bitcoin blockchain and nowhere else!

[ChartBuddy]

Explanation

[ChartBuddy]

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[ChartBuddy]

Explanation

[Lucius]

"The 2024 halving could send Bitcoin's price 4-8x higher."



Twitter Thread https://twitter.com/Croesus_BTC/status/1655566037838962691

The key word is "could" as in all other speculations - and here it's just about playing with numbers because x4-x8, in this case, refers to the current price, and if we took the last ATH as a reference value, then we couldn't even write x2 -x4. In fact, his analysis is very simple and has already been seen countless times.

[ChartBuddy]

Explanation

[nutildah]

Maybe I don’t understand something enough, but from a technical point of view, how are sidechains or second layers fundamentally different from other altcoins, besides the fact that they use fees directly in bitcoins, and not in an intermediate token?

Well, they don't use their own blockchains for one. They rely on the security provided by their parent blockchain.

Coin = own blockchain
Token = rides on top of another blockchain

I get it: part of the appeal of Ordinals was having data embedded directly in the blockchain of the world's most successful cryptocurrency, and/or most secure computing network. That's why they don't want to be on something like Liquid or a shitcoin like BSV.

But the BRC20 thing I don't understand the appeal of. It could all be done on Counterparty (not really a "second layer" so much as a protocol built on top of Bitcoin) in a much more responsible and data efficient way. Its novel I guess is its main selling point. Which means its a fad that will eventually die down just like any other degen fad. Just have patience.