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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26912240 times)
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October 24, 2025, 04:02:44 AM

My mothers final resting place.

It's hard..very hard.

I still cry a lot.

Appreciate and be fortunate if your parents are still alive. See them more often, make memories. Use your BTC wealth to buy something for them, don't be a greedy scrooge.



Still, remember brother, good people are never completely lost... their bodies are gone..! But their love remains... You bless so that your mother is well... To be honest, everyone here has lost some of their loved ones..! I can understand a little that your pain is very difficult..

Recently my uncle died..! And that's why I'm not in myself... Maybe if my mother dies, I won't be able to survive either..

Many people get scared when the Bitcoin market crashes.. But eventually that fear disappears.. But the pain of losing a loved one never decreases.. It remains deep in the heart.

 

Be strong brother..! Turn your pain into wisdom... I know you are strong and Very strong.. I feel hurt after hearing your words and I feel bad inside..! But none of us have the power.....
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October 24, 2025, 04:49:51 AM
Merited by JayJuanGee (2), vapourminer (1), Hueristic (1), EFS (1), Paashaas (1), bitcoinPsycho (1), AlcoHoDL (1), OutOfMemory (1), bitserve (1)

OK.  I have decided to share my thoughts on this cycle's drama.  I am going to try to be even handed, nuanced and fair.  But I will confess up front I have just finished syncing my last of 4 active bitcoin nodes to Knots.  So, this reveals what side of the debate I am on.  

For your European folk feel free to connect to my node to the north of (most of) you in Helsinki. https://bitnodes.io/nodes/95.217.70.47-8333/  Don’t worry... Knots follows the same consensus rules as Bitcoin Core.

This is NOT going to be brief.  But I will include a TLDR at the top.

  

The ETF era Bitcoin Drama - 2025


  

TLDR;

The Bitcoin reference client Bitcoin Core has added a significant change to the latest version of the server software version 30.  They have changed the byte size limit of OP_RETURN from 80 bytes to 100,000 bytes.  This is an increase of ~1250 times.  The choice has caused uproar in the community at large.  The awareness of the change was revealed around May of this year, and as of today the change is live in version 30.

A significant portion of the “Bitcoin community” disapproved of this change.  Most prominently Luke Dashjr and Jason Hughes AKA “BitcoinMechanic” (both of Ocean mining). They have led the opposition.  While Core in general, and particularly Jameson Lopp and Antoine Poinsot (Chaincode Labs) being prominent voices in the pro-Core camp.

The nature of the objection is that a 100k op_return invites spammers selling NFTs (cats, apes, dickbutts) to set up shop.  And more importantly will open the door to attacks like CSAM in OP_RETURN (child porn), as well as many unknown second and third order attack vectors. The Core position is spam cannot be stopped, and filters are censorship.  And this change will give spammers a place to put things in a prunable location.

As of now Core rammed through the change despite the clear significant opposition while blocking discussions in the repo, rewriting definitions of certain things in the documentation and blocking dissenters.  

There is NO clear consensus amongst the most recognizable and vocal members of the Bitcoin community.

Some prominent players in the debate include:

Nick Szabo, Adam Back, Greg Maxwell, Luke Dashjr, Gloria Zhao, BitcoinMechanic, Jimmy Song, Jameson Lopp, and a who’s who of Podcasters and X shitposters.

Summary conclusion:  We have yet to see the second order effects of this change.  The reasoning for including it are weak.  There is a significant portion of the community either running Bitcoin Knots, or =<v29 in protest.  Core has risked their position as the trusted maintainers of the Bitcoin reference client. Though scary narratives exist on both sides of the argument many levelheaded folks can see this in nuance and predict that Bitcoin will likely survive.  

The real question will be if Bitcoin Core can rehabilitate the massive loss of trust they have sustained.

______________________________________________________________________________

OK... so THAT is the TLDR...  I said this would not be brief.

And we can just leave it at that... unless there are enough folks that would like to hear further breakdown.  I would go into the individual players and details on their positions and problematic points.  Touch on some of the more technical aspects of the issue, as well as add some commentary on the social aspect of the issue which might be more important than many realize.

Or I could STFU lol..  I am good either way... let me know.
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October 24, 2025, 05:22:40 AM
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OK.  I have decided to share my thoughts on this cycle's drama.  I am going to try to be even handed, nuanced and fair.  But I will confess up front I have just finished syncing my last of 4 active bitcoin nodes to Knots.  So, this reveals what side of the debate I am on.  

For your European folk feel free to connect to my node to the north of (most of) you in Helsinki. https://bitnodes.io/nodes/95.217.70.47-8333/  Don’t worry... Knots follows the same consensus rules as Bitcoin Core.

This is NOT going to be brief.  But I will include a TLDR at the top.

The ETF era Bitcoin Drama - 2025

TLDR;

The Bitcoin reference client Bitcoin Core has added a significant change to the latest version of the server software version 30.  They have changed the byte size limit of OP_RETURN from 80 bytes to 100,000 bytes.  This is an increase of ~1250 times.  The choice has caused uproar in the community at large.  The awareness of the change was revealed around May of this year, and as of today the change is live in version 30.

A significant portion of the “Bitcoin community” disapproved of this change.  Most prominently Luke Dashjr and Jason Hughes AKA “BitcoinMechanic” (both of Ocean mining). They have led the opposition.  While Core in general, and particularly Jameson Lopp and Antoine Poinsot (Chaincode Labs) being prominent voices in the pro-Core camp.

The nature of the objection is that a 100k op_return invites spammers selling NFTs (cats, apes, dickbutts) to set up shop.  And more importantly will open the door to attacks like CSAM in OP_RETURN (child porn), as well as many unknown second and third order attack vectors. The Core position is spam cannot be stopped, and filters are censorship.  And this change will give spammers a place to put things in a prunable location.

As of now Core rammed through the change despite the clear significant opposition while blocking discussions in the repo, rewriting definitions of certain things in the documentation and blocking dissenters.  

There is NO clear consensus amongst the most recognizable and vocal members of the Bitcoin community.

Some prominent players in the debate include:

Nick Szabo, Adam Back, Greg Maxwell, Luke Dashjr, Gloria Zhao, BitcoinMechanic, Jimmy Song, Jameson Lopp, and a who’s who of Podcasters and X shitposters.

Summary conclusion:  We have yet to see the second order effects of this change.  The reasoning for including it are weak.  There is a significant portion of the community either running Bitcoin Knots, or =<v29 in protest.  Core has risked their position as the trusted maintainers of the Bitcoin reference client. Though scary narratives exist on both sides of the argument many levelheaded folks can see this in nuance and predict that Bitcoin will likely survive.  

The real question will be if Bitcoin Core can rehabilitate the massive loss of trust they have sustained.

______________________________________________________________________________

OK... so THAT is the TLDR...  I said this would not be brief.

And we can just leave it at that... unless there are enough folks that would like to hear further breakdown.  I would go into the individual players and details on their positions and problematic points.  Touch on some of the more technical aspects of the issue, as well as add some commentary on the social aspect of the issue which might be more important than many realize.

Or I could STFU lol..  I am good either way... let me know.

Got to rush to work, so I'll be very brief.

I see a scenario where bad actors add CP material in Bitcoin's blockchain (immutable). This could result in a worldwide push to completely ban Bitcoin and make it a criminal offense to even hold BTC, let alone host a node. The politicians (and anyone, really) will be extremely sensitive when it comes to the spread of CP in a permanent, immutable way (i.e., the only way it can be taken down is by shutting down the entire blockchain altogether). <-- The perfect reason to ban/criminalize it.

I hope I haven't really understood the OP_RETURN issue and what I'm saying above can't happen, but I don't like this at all. I hope I'm wrong.
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October 24, 2025, 05:57:33 AM
Last edit: October 24, 2025, 07:10:26 AM by JayJuanGee
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If it happened on the other side of the sun, then how did "they" take a picture of it?

Maybe I could look up the answer, but since we have a resident expert who teaches on the topic.. I thought I would ask.
Firstly, I am not an expert; merely an enthusiast searching for another hours-long, rainbow-coloured, aurora borealis fix before I die.

Firstly, your quote is messed up, so you "surely" don't have an expertise in quoting.   Cheesy Cheesy Cheesy Cheesy Cheesy

Nonetheless, I believe that I was able to figure out which were your statements, which were mine, which er ESG's and which were quotes of quotes.

Secondly, from my point of view, you are sufficiently high enough on the rung of various random skills (including potentially some unknown ones) to constitute a relative expert.. whether you appreciate such label or not, I am going to try to butter up to you, to the extent that I am capable of such for more than 5 minutes, as much as I can.

The animation I posted is from a series of images take by the LASCO (Large Angle and Spectrometric Coronagraph) - Chronograph 3 to be precise which measures white light in a wide radius around the sun ie 30 radii) on board the SOHO (Solar and Heliospheric Observatory) satellite which is located 1.5 million kilometers away from earth, locked into the earth-sun orbit and always facing the sun.  There is a disk to blot out the actual solar disk (because it's way too bright) so that the chronograph only images the solar corona and uses long exposure time to capture light emitted by ejected plasma (C3 takes a 26 second exposure).  

Sounds expert-like to this here cat.

Even though the CME is directed away from earth, the plasma is visible as it spreads outward from the sun.  There are other sensors abord SOHO that record data related to the emission which would indicate if it were earth directed or not.  The best indication, from the animation alone, that the CME is not earth directed, is that the image does not quickly become oversaturated as the brightness overwhelms the sensors.  I think it's common knowledge than it takes about 8 minutes for light to travel from the sun to the earth (~1% less time to arrive at SOHO) so the image would quickly oversaturate if it were earth-directed.

I kind of understand.  so there is that...

[edited out]
That's old news actually.   Stereo-B went into an uncontrolled spin sometime in 2014 and they gave up on periodic attempts to establish communications back in 2018.  Stereo-A is still working but it currently orbits the sun about 45° ahead of our planet so it would be more of a front-side view.  It does give a better perspective for earth directed CMEs though.
 
 A - the current location of Stereo-A (kind of a misnomer now... maybe they should rename it Mono)
 PSP - Parker Space Probe
 SO - Solar Orbiter (European-lead project)

I feel a wee tiny bit MOAR smarter.

 Wink

........
As i said, dealing with fatalities is totally different for me, emotionally. Pretty often when i get told someone i knew passed away, i can't suppress a smile, while i know that this reaction is perceived totally wrong in my environment. Some people know, though. It's just so overwhelming for me that my mind pulls the breaks and kicks in reverse while hitting the gas at the same time. I also never seem to find words of solace. Strange, but i'm not a careless guy at all.

I think some people will smile when they feel uncomfortable..

i wonder if some form of uncomfortableness (like not really knowing what to do) might be part of the explanation for your smiling in such "bad news" circumstances?  

Edit: Perhaps, like how Biodom mentioned it.?

Has the coronal mass ejection killed the spirits and activity here?  Shocked
No, I am just watching.  Bitcoin back over $110K feels like a good thing.  As with I think most people right now, I am watching to see if this bull run has one last hurrah left in it, or if $126K is going to be the high for the year.

One last hurrah in it?   Oh gawd you have irritating "know it all" wannabe inclinations that you cannot resist but to spout out about, and you sometimes speculate (demonstrate wonder) why guys are irritated by you and your supposed level of knowledge (always correctness).

Another thing is that I envision why you are likely to repeat the same pattern as you have done historical in reference to your inability to hang onto your bitcoin and proclaiming that you are smarter than everyone else  - which ends up playing out as a way of selling way too many coins too early.. and you cannot even help ur lil selfie in your inclinations to have funzies staying poor (or really failing to get rich in any kind of meaningful way) while framing yourself as a once in a lifetime genius based on whatever gainz you had been able to "lock in" within a process in which you are a no coiner or a low coiner while BTC prices continue to shoot up and you are buying Tesla trucks and other useless depreciating junk in order to show off how smart you are.

 Opinion seems pretty equally split at the moment.  Here's an update from polymarket.  Seems the market has gotten slightly more bullish since the last update.
44% = >$130K  (up 2%)
*25% = $90K-$130K  (up 3%)
31% = <$90K   (down 5%)
*inferred

Bitcoin HODLers decide what to do based on short-term trading sentiment?  Good luck with that.

I bet that in about September 2017, there were a lot of folks saying that they were selling between $3k and $5k, and how did those sales work out for those guys?  not too well. I can recall.

Of course, this time is going to work out MOAR better..   right?  You got it all figured out this time, right?
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October 24, 2025, 06:56:09 AM
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I love the way the market is moving now, in an organic fashion which may be slow but steady.

 It's obvious that the bulls are still very much around so I have strong feeling that we have not hit the peak just yet.

So long as we did not go below 100k which is a significant number, we are still able to hit 150k this year.

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October 24, 2025, 06:59:51 AM
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My mothers final resting place.

It's hard..very hard.

I still cry a lot.



Accept my heartfelt condolences sir. I still have my parents and I love the company I share whenever I come around them. I understand how devastating it could be to see such love-packed beings no more. Be strong and strive on.

Appreciate and be fortunate if your parents are still alive. See them more often, make memories. Use your BTC wealth to buy something for them, don't be a greedy scrooge.
This is very true sir. I appreciate you for this reminder, we've got to make the best out of every moment we share with them. Make random memories, make videos and pictures, a lovely one. Get them gifts and ensure their happiness is your priority.
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October 24, 2025, 07:17:27 AM
Merited by JayJuanGee (1), Paashaas (1)

My mothers final resting place.

It's hard..very hard.

I still cry a lot.

Appreciate and be fortunate if your parents are still alive. See them more often, make memories. Use your BTC wealth to buy something for them, don't be a greedy scrooge.


To some people they don't know what it takes to lose parents, although my mum and dad are still alive, I don't forget what my mum went though to raise us, my was a civil servant in my country but he was not with us always, it was my mum that was with us doing everything possible to direct us properly, when I got admission into the university it wasn't easy but my mum did everything she could with the help of my dad to sought out the fees, though the times my comes home he is very disciplined, we there not mess around but both parents are fun to be with, I wrote all this because with this memories I can't afford to lose them because it will be too difficult for me to bear.

Man I understand what it takes to lose a lovely mother, I felt almost the same when I lost my grandmum, she loved me so much but we lost her some years ago, am so sorry for your loss man, accept my sincere condolence, may her soul Rest in peace.
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October 24, 2025, 07:25:23 AM

[
Got to rush to work, so I'll be very brief.

I see a scenario where bad actors add CP material in Bitcoin's blockchain (immutable). This could result in a worldwide push to completely ban Bitcoin and make it a criminal offense to even hold BTC, let alone host a node. The politicians (and anyone, really) will be extremely sensitive when it comes to the spread of CP in a permanent, immutable way (i.e., the only way it can be taken down is by shutting down the entire blockchain altogether). <-- The perfect reason to ban/criminalize it.

I hope I haven't really understood the OP_RETURN issue and what I'm saying above can't happen, but I don't like this at all. I hope I'm wrong.

Unfortunately you've seen exactly the attack vector that several are worried about.
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October 24, 2025, 07:28:08 AM

I can continue the series tomorrow if people want.
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October 24, 2025, 07:36:38 AM

Good news, or bad news?

Trump pardons Binance founder Changpeng Zhao

Quote
Changpeng Zhao, founder of the world's largest cryptocurrency exchange Binance, has been pardoned by US President Donald Trump.

Zhao, also known as "CZ", was sentenced to four months in prison in April 2024 after pleading guilty to violating US money laundering laws.

Binance also pleaded guilty and was ordered to pay $4.3bn (£3.4bn) after a US investigation found it helped users bypass sanctions.

The pardon reignited debate over the White House embrace of cryptocurrency as the Trump family's own investments in the industry have deepened.
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Massive Bitcoin orange pill spotted in Lugano, Switzerland

X

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October 24, 2025, 11:37:33 AM
Last edit: October 24, 2025, 12:24:13 PM by vapourminer
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OK.  I have decided to share my thoughts on this cycle's drama.  I am going to try to be even handed, nuanced and fair.  But I will confess up front I have just finished syncing my last of 4 active bitcoin nodes to Knots.  So, this reveals what side of the debate I am on.   



The ETF era Bitcoin Drama - 2025


[... much snip...]
 

Or I could STFU lol..  I am good either way... let me know.

hey i wanna hear it.

on core 29.1 here and i have no plans to move either way atm. but my node is my node.. i just use it to verify my stuff.

i know this has been an issue since i started in 2011; there were virus snippets in the blockchain early on to trip up storing blocks on disk. among other junk.
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