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

[Who is John Galt?]

Does bitcoin touch upon those things or not?  That's up to you to figure out and to figure out how much you believe that it might be worthy of your time, energies and value to be figuring out more about bitcoin or if you might believe that your time, energies and value might be directed towards some other endeavor(s) that you believe to be more important.. hopefully for your own sake (and well being) you do not choose some dumbass shitcoin to direct your energies.. hahahaha

Bitcoin is gradually building relationships with different parts of society. We see that some American politicians participating in the presidential campaign that has begun are actively using bitcoin not only as a way to receive donations, but also as one of the key arguments of the campaign. At the same time, private initiatives in El Salvador, with the development of bitcoin clusters, are also developing the economy and ecology of their small towns. It is difficult to say where the boundaries of this process are. But of course, it is interesting to continue to explore the possibilities and prospects.

Fair enough.. and if you are comparing a fucked up money to a good money, are you going to make some choices in regards to which one you are going to spend first and which one you might save up?

Oh, the fact that bitcoin has many advantages over fiat money is clear even with a fairly superficial study of the issue. An independent and not controlled monetary system that cannot be canceled or frozen at the snap of someone's fingers is a much more reliable safety of savings than much else.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[yslyv]

Oh, the fact that bitcoin has many advantages over fiat money is clear even with a fairly superficial study of the issue. An independent and not controlled monetary system that cannot be canceled or frozen at the snap of someone's fingers is a much more reliable safety of savings than much else.

are you sure that Bitcoin is better than regular money? issue is that the value of Bitcoin can change a lot, which makes it risky for saving money. And Bitcoin isn't controlled by any government, which means it's harder to regulate and protect against illegal activities. there are also technical risks with Bitcoin's technology, like the possibility of security problems or difficulties in how it operates. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Who is John Galt?]

Oh, the fact that bitcoin has many advantages over fiat money is clear even with a fairly superficial study of the issue. An independent and not controlled monetary system that cannot be canceled or frozen at the snap of someone's fingers is a much more reliable safety of savings than much else.

are you sure that Bitcoin is better than regular money? issue is that the value of Bitcoin can change a lot, which makes it risky for saving money. And Bitcoin isn't controlled by any government, which means it's harder to regulate and protect against illegal activities. there are also technical risks with Bitcoin's technology, like the possibility of security problems or difficulties in how it operates. 

Yes, I am sure. I understand the risks you are talking about. Every coin has two sides. However, the risks of fiat money are actually much higher. If they are more convenient to pay for everyday needs right now, this does not mean that this happens always and will always be so.

Illicit activity in fiat currencies is much higher than in bitcoin. There have been many studies confirming this. The Bitcoin blockchain is transparent to everyone, including law enforcement, unlike the banking system.

[cygan]

https://brink.dev/donate

[yslyv]

Oh, the fact that bitcoin has many advantages over fiat money is clear even with a fairly superficial study of the issue. An independent and not controlled monetary system that cannot be canceled or frozen at the snap of someone's fingers is a much more reliable safety of savings than much else.

are you sure that Bitcoin is better than regular money? issue is that the value of Bitcoin can change a lot, which makes it risky for saving money. And Bitcoin isn't controlled by any government, which means it's harder to regulate and protect against illegal activities. there are also technical risks with Bitcoin's technology, like the possibility of security problems or difficulties in how it operates. 

Yes, I am sure. I understand the risks you are talking about. Every coin has two sides. However, the risks of fiat money are actually much higher. If they are more convenient to pay for everyday needs right now, this does not mean that this happens always and will always be so.

Illicit activity in fiat currencies is much higher than in bitcoin. There have been many studies confirming this. The Bitcoin blockchain is transparent to everyone, including law enforcement, unlike the banking system.

I appreciate your perspective, but I still have concerns about the overall superiority of Bitcoin over regular money. While I understand that there are risks associated with fiat money, such as inflation or the potential for government control, I believe that Bitcoin carries its own set of risks.

Ultimately, both Bitcoin and regular money have their pros and cons. It's important to carefully evaluate the risks and benefits associated with each and make informed decisions based on individual circumstances and goals.

[Torque]

spirit..



Luke's Twitter account may be dead, but he's very much alive and working on neat Bitcoin stuff. Free @lukedashjr, @elonmusk!
https://twitter.com/lopp/status/1659994294315372544

I'm OOTL.

Why was his Twitter acct suspended?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bitcoin_people]

The next state orchestrated “Plandemic” is going to be a “Crypto Contagion”.
• There is going to be financial turmoil
• They will wrongly blame #Bitcoin   
• They will block on/off ramps
• They will prosecute crypto companies
• They will threaten public advocacy
• They will hunt you down for KYC/AML
• They will force CBDCs on you
• They will rationalize universal income
• They will inevitably print trillions
• Bitcoin will emerge as digital gold

If you can HODL through this you WIN

https://twitter.com/TheBTCTherapist/status/1660290161224171520?t=xoithVAZX7b2acAvO50UZA&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[gantez]

The next state orchestrated “Plandemic” is going to be a “Crypto Contagion”.
• There is going to be financial turmoil

Recession, inflation and rate increase , bank will cry. Invest in bitcoin before bull.

• They will wrongly blame #Bitcoin   

They already blaming you #bitcoin for financial freedom

• They will block on/off ramps

They try to close you up. Bitcoin win

• They will prosecute crypto companies

They are doing that with more to shutdown

• They will threaten public advocacy

Yes enemies of bitcoin

• They will hunt you down for KYC/AML

Some people understand this and don't like centralized exchange

• They will force CBDCs on you

They are already doing that but bitcoin is the digital gold

• They will rationalize universal income

They increase unemployment

• They will inevitably print trillions

They do that with excuse to stabilise economy but inflation is the result.

• Bitcoin will emerge as digital gold

Are you saying bitcoin will finally become unifying digital currency?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Volgastallion]

The next state orchestrated “Plandemic” is going to be a “Crypto Contagion”.
• There is going to be financial turmoil

Recession, inflation and rate increase , bank will cry. Invest in bitcoin before bull.

Bank will cry?, man bank never gonna cry, they are always one step ahead, or they receive money from the govement, change the law, change their names etc.

Well yes they are gonna cry to the press but backdoor they know how it works because they are the masters, not a peasant.

[JimboToronto]

The next state orchestrated “Plandemic” is going to be a “Crypto Contagion”.
• There is going to be financial turmoil

Recession, inflation and rate increase , bank will cry. Invest in bitcoin before bull.

Bank will cry?, man bank never gonna cry, they are always one step ahead, or they receive money from the govement, change the law, change their names etc.

Well yes they are gonna cry to the press but backdoor they know how it works because they are the masters, not a peasant.

This is why it's so important to be your own bank.

NYKNYC

[HI-TEC99]

spirit..



Luke's Twitter account may be dead, but he's very much alive and working on neat Bitcoin stuff. Free @lukedashjr, @elonmusk!
https://twitter.com/lopp/status/1659994294315372544

I'm OOTL.

Why was his Twitter acct suspended?

It might have something to do with him suggesting filtering out ordinal transactions from blocks.

https://beincrypto.com/learn/brc-20-token/

Luke Dashjr, a Bitcoin core developer since 2011, believes that Ordinals and BRC-20 tokens are spam, are need to be filtered out asap.

https://coingeek.com/btc-response-to-ordinals-will-be-yet-another-demonstration-of-centralized-power/

Luke Dashjr tried another track on Twitter (Dashjr’s Twitter has since been suspended):

His account was previously suspended because of his vaccine tweets, then reinstated.

https://gist.github.com/nopara73/f194fd1d662b9094e82c5d4e038997e3

Luke Dashjr, a prolific Bitcoin Core developer, has been sent to Twitter jail: he received a permanent suspension for proclaiming he'll respond with appropriate force if anyone tries to force vaccination on him or his family. To avoid confusion it's important to clarify he does not have an anti-vaccine stance, rather he took a wait for more data approach instead.

Thanks everyone. Luke Dashjr can finally tweet: https://twitter.com/LukeDashjr/status/1456997208553705483

<edit>

Seems like it was probably for suggesting filtering out ordinal transactions from blocks.

https://www.reddit.com/r/bitcoincashSV/comments/13d07ey/luke_dash_jr_banned_from_twitter_for_threatening/

Luke Dash Jr. banned from Twitter for threatening to remove BRC-20 token capabilities

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[HI-TEC99]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitebits]

Observing empty block!

~

How dare you!

It looks to be the usual problem: the empty block came too early (maybe seconds) after another block. You can see both with "10 minutes".
(But yeah, you may already know all this.)

15 seconds apart.

https://www.blockchain.com/explorer/blocks/btc?page=1

those times can be off by 20 seconds or more.  Ie block could be 35 seconds not 15. But empty blocks have happened for years nothing new here. As rewards half in 2024 it will be a bigger deal

by the time we are at 2032 we will have rewards of only 0.78125 btc if fees are running at 0.78 at this time an empty block will be an issue. I wonder if anything will be done by then.

...

Bitcoins might cost millions of dollars each by then. An empty block could cost them millions.

Just so there is no misunderstanding. An 'empty' block still contains the block subsidy. Just no transactions and therefore no TX fees.