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

[John Abraham]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

[1714469636]

1714469636

[1714469636]

1714469636

[1714469636]

1714469636

[1714469636]

1714469636

[Gachapin]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

looks convincing... so it seems 0.6M BTC belong to the CCP 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Sorry, no. What I wrote was absolutely correct:
I said 55% go in the community fund and into the staking system. (so 10% for the community found and 45% for the masternodes)

45% of new coins produced are staking rewards to do with whatever the masternodes please, they don't go "into the staking system." You don't get more rewards for having over 1,000 DASH as masternode collateral. The constant sell pressure of masternode rewards is actually what is regularly blamed by the Dash community for dragging the price down.

We can twist words

I wasn't trying to "twist words," I just thought you'd appreciate knowing how it actually works as opposed to what you claimed.

I'm not really interested in defending Dash but when claims of "scam" are made they should be backed by evidence of malicious intent.

Thanks.
I think I know how staking works. But English is my third language, so please forgive my technically incorrect expression.
But I hope that we can agree that 55% of new coins go to the stakers (in my words, "into the staking system") and to the community fund (10%).

And the staking is one part that makes Dashit a security (apart from an organisation behind it and other stuff)


With regard to malicious intent:
The active lowering of the total cap and thereby the increasing of the impact of that convenient "bug" the devs abused to mine 2M coins in 1 day is enough evidence for malicious intent, afaic.

Normally as a dev you would try to decrease the impact of a bug, not increase it.  So in my eyes clear malicious intent

yep rising  the cap 2 million to be spread over first 100000 blocks would have been a much better way to fix the “error”

[philipma1957]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

Nice work and you now have 501 merits.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[John Abraham]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

Nice work and you now have 501 merits.

Oh wow phil
Thank you very much for the final touch.
I have to wait four more weeks to rank up.
But, I am wondering why you decided to break the 500 Figure 

[philipma1957]

501 vs 500  was done in case someone deletes a merit.

Does not happen much but just in case.

[John Abraham]

501 vs 500  was done in case someone deletes a merit.

Does not happen much but just in case.

Forum says, "You have received a total of 501 merits. This is what determines your forum rank. You typically cannot lose this merit"
But I want to lose 1 merit if I can  
I will wait for your 6K Merit  

This looks good, BTW.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Volgastallion]

Eurozone Officially Enters Recession

The Eurozone GDP shrank for two consecutive quarters signalling the beginning of a formal recession. Following a revised -0.1% in Q4 2022 Eurostat reported a 0.1% decline in GDP in Q1 2023 compared to the prior quarter. The wider Eurozone has been impacted by the recession in Germany and the inflationary pressure that has an influence on household expenditure. However employment in the area grew by 0.6% in the first quarter of 2023.

The sanction against Russia are working very well......

The "greens" are making his part also, destroying all the value.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Source

What an interesting idea.  Do you think it will catch on?

Hardly! Money that can be earned right on your home computer? It even sounds ridiculous! Not even worth the attention!

thats exactly what my wife told me in 2011. i convinced her otherwise.

life is good

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Volgastallion]

If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve?  I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.

They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below

Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39   BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC

There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.

Excellent work, about the fact they have or not i dont think USA justice can take the BTC, its not the same as FTX who was pure USA and was registered and full in USA soil. Binance USA can be closed and some deposits can be seized, but this big ammounts are far from their hand.

They have only one way to take that..... and can be one very very risky and its like they made with huawey in the past, to take CZ as a "hostage" and imprisioner him

[Gachapin]

great thought ...

Bitcoin is a Rorschach test.

https://twitter.com/lopp/status/1666845220099567642

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[nlovric]

BREAKING NEWS: @GaryGensler has been charged with market manipulation. #Coinbase provides evidence of Gary Gensler placing over $2.5m in BTC shorts just 48 hours ago.


source

[Gachapin]

BREAKING NEWS: @GaryGensler has been charged with market manipulation. #Coinbase provides evidence of Gary Gensler placing over $2.5m in BTC shorts just 48 hours ago.


source

Do you have any (credible) source other than that Twitter account?

Couldn't find anything


.... I'm skeptical that he'd be that stupid. But who knows

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com