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

[philipma1957]

forty k my dream
nope more like two hundred k
could it be next year

[1714251411]

1714251411

[JimboToronto]

Good morn Bitcoinland.
Another haiku Sunday
And an all year high.

Is today the day
For the next ladder rung up
And pass forty grand?

We still have four weeks
To triple the price this year
New Year's to New Years.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Forty K Sunday
Only a small push is needed.
Both eyes on target.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Suzume]

Nothing can stop Bitcoin   $40k soon take a relax nap good night.



Guys time is coming closer to buy my new underwear  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

Oh yeah, it is that part of the cycle again  
Yesterday, i have read the first FUD article in a long time about Bitcoin, the energy and resource eating monster  
This time, the framing was "one transaction is wasting a swimming pool full of water" for cooling the nodes  
Again, the Vitalik coin was mentioned as demonstrating an alternative, because "changing the algorithm" (POS, for newbs) saved 99% of energy in the network.
The one argument i couldn't really follow was "the more expensive Bitcoin gets, the more energy intensive the network becomes"  

my rating: bullish, though  

the more articles
the more FOMO will kick in
A mainstream news law?

Shifting of ethereum from PoW to PoS just tells the story that how centralized this coin is with unlimited supply of coins. The decentralized concept originally proposed by Satoshi is only limited to bitcoin.

People do have nature of criticising new products. That's how this world is moving. In initial days people made fun of Wright brothers who proposed idea that human can fly. There are less number of haters for bitcoin with every passing year as more are embracing it.

It will be nice start of week if I see 40k after I wake up on Monday morning!!!

Have a nice weekend everyone.

[jojo69]

Judge Slams SEC For "Materially False" Deception In Crypto Case, Threatens To Sanction Agency

“The court is concerned the Commission made materially false and misleading representations that violated Rule 11(b) and undermined the integrity of the proceedings,” wrote Shelby, citing a federal court rule that says written facts submitted to a judge must be supported by evidence.

The document issued by Shelby came in the form of a “show cause order”—a request that in this case demands the SEC provide reasons why the Utah court should not punish the agency for its behavior. While such orders are not uncommon, they are typically directed at private parties and rarely at government agencies.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[avp2306]

Let's go over 40k today CB!

It didn't happen today 

But again we can cheer tomorrow and say it again Lets go $40k! If this happen tomorrow then huge chance we can close this year at $45k - $50k in figures. 

[JayJuanGee]

[edited out]

..... you came back at the right time; things are about to get very interesting.

"Things" are going to get more interesting than they already have been?  #Asking for an enemy

[OutOfMemory]

Oh yeah, it is that part of the cycle again  
Yesterday, i have read the first FUD article in a long time about Bitcoin, the energy and resource eating monster  
This time, the framing was "one transaction is wasting a swimming pool full of water" for cooling the nodes  
Again, the Vitalik coin was mentioned as demonstrating an alternative, because "changing the algorithm" (POS, for newbs) saved 99% of energy in the network.
The one argument i couldn't really follow was "the more expensive Bitcoin gets, the more energy intensive the network becomes"  

my rating: bullish, though  

the more articles
the more FOMO will kick in
A mainstream news law?

Shifting of ethereum from PoW to PoS just tells the story that how centralized this coin is with unlimited supply of coins. The decentralized concept originally proposed by Satoshi is only limited to bitcoin.

People do have nature of criticising new products. That's how this world is moving. In initial days people made fun of Wright brothers who proposed idea that human can fly. There are less number of haters for bitcoin with every passing year as more are embracing it.

It will be nice start of week if I see 40k after I wake up on Monday morning!!!

Have a nice weekend everyone.

Yeah, true that.

BUT...

what do you consider to happen if bitcoin would switch to PoS one day?
It's not impossible, there's that. Even if would become relevant through future BIPs, what would you think would change implicitly?
OG's leaving? Institutions going all-in? Big miners wrecking it all for the profits? Satoshi coming out like Superman?
This is not a rethoric question (my example answers are rethoric, though). I really asked for your opinion.

Don't get me wrong, i'm not in favor of PoS, this model is just a No-Go for the sake of Bitcoin's "soul" (an analogy), but i can see the point(s) of such a change, which are on top of "good willing" people, but the downsides have to be considered, too, which is most likely not the case with everybody who likes the PoW ideas, they just see their manifests, not much caring about the other possible effects on the system, which are by no means always positive, imho.
But there's always a bad aftertaste with "good will", inherently, i think most of us here know that "good will" (aka. "wanting only the best for something/somebody) is most always not really the best, especially in hindsight.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Ey, Buddy!
I go to sleep and you go to and stay above $40k.
Deal?

[JayJuanGee]

Oh yeah, it is that part of the cycle again  
Yesterday, i have read the first FUD article in a long time about Bitcoin, the energy and resource eating monster  
This time, the framing was "one transaction is wasting a swimming pool full of water" for cooling the nodes  
Again, the Vitalik coin was mentioned as demonstrating an alternative, because "changing the algorithm" (POS, for newbs) saved 99% of energy in the network.
The one argument i couldn't really follow was "the more expensive Bitcoin gets, the more energy intensive the network becomes"  

my rating: bullish, though  

the more articles
the more FOMO will kick in
A mainstream news law?

Shifting of ethereum from PoW to PoS just tells the story that how centralized this coin is with unlimited supply of coins. The decentralized concept originally proposed by Satoshi is only limited to bitcoin.

People do have nature of criticising new products. That's how this world is moving. In initial days people made fun of Wright brothers who proposed idea that human can fly. There are less number of haters for bitcoin with every passing year as more are embracing it.

It will be nice start of week if I see 40k after I wake up on Monday morning!!!

Have a nice weekend everyone.

Yeah, true that.

BUT...

what do you consider to happen if bitcoin would switch to PoS one day?
It's not impossible, there's that. Even if would become relevant through future BIPs, what would you think would change implicitly?
OG's leaving? Institutions going all-in? Big miners wrecking it all for the profits? Satoshi coming out like Superman?
This is not a rethoric question (my example answers are rethoric, though). I really asked for your opinion.

Don't get me wrong, i'm not in favor of PoS, this model is just a No-Go for the sake of Bitcoin's "soul" (an analogy), but i can see the point(s) of such a change, which are on top of "good willing" people, but the downsides have to be considered, too, which is most likely not the case with everybody who likes the PoW ideas, they just see their manifests, not much caring about the other possible effects on the system, which are by no means always positive, imho.
But there's always a bad aftertaste with "good will", inherently, i think most of us here know that "good will" (aka. "wanting only the best for something/somebody) is most always not really the best, especially in hindsight.

That is kind of a dumb example OOM.

Do you happen to know what bitcoin is?

The whole invention of bitcoin is about proof of work, and so there would be no bitcoin without proof of work.

Proof of work was the invention that makes bitcoin, so if anyone says, let's undo the invention, then bitcoin becomes a BIG SO FUCKING WHAT.  It is nothing without proof of work... that is be how bitcoin works.. proof of work... there is no changing that part of bitcoin - so it is not going to happen.

Maybe you have been reading too many ethereum threads to even believe that it is possible to take away bitcoin's proof of work and to act as if there were still such a thing to be called bitcoin?   Bring out the batman gloves and prepare your mug for a slappening.

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

Get the chopper ready 

[OutOfMemory]

Oh yeah, it is that part of the cycle again  
Yesterday, i have read the first FUD article in a long time about Bitcoin, the energy and resource eating monster  
This time, the framing was "one transaction is wasting a swimming pool full of water" for cooling the nodes  
Again, the Vitalik coin was mentioned as demonstrating an alternative, because "changing the algorithm" (POS, for newbs) saved 99% of energy in the network.
The one argument i couldn't really follow was "the more expensive Bitcoin gets, the more energy intensive the network becomes"  

my rating: bullish, though  

the more articles
the more FOMO will kick in
A mainstream news law?

Shifting of ethereum from PoW to PoS just tells the story that how centralized this coin is with unlimited supply of coins. The decentralized concept originally proposed by Satoshi is only limited to bitcoin.

People do have nature of criticising new products. That's how this world is moving. In initial days people made fun of Wright brothers who proposed idea that human can fly. There are less number of haters for bitcoin with every passing year as more are embracing it.

It will be nice start of week if I see 40k after I wake up on Monday morning!!!

Have a nice weekend everyone.

Yeah, true that.

BUT...

what do you consider to happen if bitcoin would switch to PoS one day?
It's not impossible, there's that. Even if would become relevant through future BIPs, what would you think would change implicitly?
OG's leaving? Institutions going all-in? Big miners wrecking it all for the profits? Satoshi coming out like Superman?
This is not a rethoric question (my example answers are rethoric, though). I really asked for your opinion.

Don't get me wrong, i'm not in favor of PoS, this model is just a No-Go for the sake of Bitcoin's "soul" (an analogy), but i can see the point(s) of such a change, which are on top of "good willing" people, but the downsides have to be considered, too, which is most likely not the case with everybody who likes the PoW ideas, they just see their manifests, not much caring about the other possible effects on the system, which are by no means always positive, imho.
But there's always a bad aftertaste with "good will", inherently, i think most of us here know that "good will" (aka. "wanting only the best for something/somebody) is most always not really the best, especially in hindsight.

That is kind of a dumb example OOM.

Do you happen to know what bitcoin is?

The whole invention of bitcoin is about proof of work, and so there would be no bitcoin without proof of work.

Proof of work was the invention that makes bitcoin, so if anyone says, let's undo the invention, then bitcoin becomes a BIG SO FUCKING WHAT.  It is nothing without proof of work... that is be how bitcoin works.. proof of work... there is no changing that part of bitcoin - so it is not going to happen.

Maybe you have been reading too many ethereum threads to even believe that it is possible to take away bitcoin's proof of work and to act as if there were still such a thing to be called bitcoin?   Bring out the batman gloves and prepare your mug for a slappening.

 

Just read your reply on the phone and went online on the PC for a minute to answer that before drifting off to dreamland...

No, it's not dumb in a way that it is technically possible.
I know that Bitcoin is not Bitcoin without PoW, even if i didn't explicitly point that out. And that was the expected answer, but i did want to read WatChe's opinion.
Don't get me wrong  
#GN