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

[xhomerx10]

Yo Wo Bros!
Doing my monthly check in because not checked out yet.
Have a great fourth everyone.
And don't let the background noise bring you down.
It's life in the twenties baby!
(shout out to spirit of Johann P for collaborating with me on this one)

Go England!
Go Bitcoin

 Thanks for sharing your latest and I'm about to listen but I want to say that you seemed to have had a lot more time for us before you retired.   I think it would be best of all of us (you know, the royal "we") if you were to take up the wage-slavery game again... even if only part-time or on a contractual basis. 

[d_eddie]

Buddy, is that a case of (late) morning glory?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

2. Riot Platforms Sells 500 BTC to Fund AI Data Center Pivot
URL: https://finance.yahoo.com/markets/crypto/articles/nasdaq-listed-riot-keeps-selling-192945141.html
Published: 2026-06-30 03:29 PM CT
Summary: Riot Platforms transferred 500 Bitcoin to custodian NYDIG on June 30, continuing a pattern of selling far more coins than it mines. The miner disclosed selling 3,778 Bitcoin for $289.5 million last quarter while producing only 1,473 coins, reducing its treasury to approximately 15,680 BTC. CEO Jason Les frames the liquidation as a strategic pivot, pointing to a $96 million land purchase in Texas that now anchors a data center business with AMD as an anchor tenant. The company reported a net loss of roughly $500 million last quarter, with the cost to mine each Bitcoin exceeding its market value after accounting for depreciation. Riot abandoned its hold-only policy in 2025 and now relies on data center revenue to offset thinning mining margins since the 2024 halving.

newspost.py Version: v1.3.0 | Model: Ornith-1.0-35B-heretic-Q4_K_M.gguf (26763MiB)

Pivoting to AI data centers at this point is a bad idea IMO.

We're near plateaued, if not already starting to bust on "AI" and Large Language Models. Open Source models are increasingly becoming better and better when compared to the frontier models. The latest Ornith 1.0 release just blew me away at how things are developing with local LLM's.

AGI will not have anywhere near the current compute needs, and we're not close to having compelling, usable AGI. There was speculation we'd show signs of life by 2030, but I'm growing increasingly convinced we're not going to have a "demo" by 2030. Maybe by 2035-2040 now, according to my bones and rocks

As usual, you are ahead of the curve.  Though, I'm not sure where the curve is, so what does that even mean?

But this new seeming need for gigantic data centers for the sake of AI  is a very thin argument and not lasting at all. As you mentioned, local LLMs are coming. And in the end, that's what people are going to want anyway.  I think you could almost make an argument that this construction is being for other purposes entirely, but that's a little bit crazy.

Back in the 70s, super nerds might have rented time on a mainframe at Western Electric that you had to have a national security clearance to use.  Some of those people, if they're still around, may have some of the punch cards they used.

But freedom means decentralization, and people want to be free. Viva Los TRS-80

I have just about given up on hope that enough people will finally see that centralization is always the enemy of freedom and it's just the same with AI.

But my own processors have started short-circuiting and the conclusions I reach are all over the place. I remember my great uncle going crazy. I believe I'm probably following in his footsteps.

[cAPSLOCK]

I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article.

It is an article on BIP 110 and a very well said argument for his ambivalence.

https://x.com/i/status/2071637370881941750

If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever.

Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely.

It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee.

And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users.

being able to fork-off is a feature not a bug

people will get it one day

Exactly. It is arguably Bitcoin's nuclear option when it comes to its ability to survive.

And we all had to live through it, or at least know about the first time it happened in a big way.  and the chaos that ensued was extraordinary.

History repeats, and it's certainly not going to forget to repeat for the masses.

Unfortunately, that means we get to watch it again. But fortunately, that means we might be able to help people settle down a little when it does.

Forks in Bitcoin and consensus in general is an immune system that theoretically can survive even extremely hostile environments, which Bitcoin has definitely entered at this point.

(PS my thesis is not that BIP 110 will be a hard fork, though it may. It is that we will see one again eventually.)

[Biodom]

OT: an after lunch light read:

https://neurosciencenews.com/bilingual-brain-single-neuron-language-30949/
https://news.rice.edu/news/2026/how-do-bilingual-brains-navigate-between-languages-scientists-discover-geometric-neural

To analyze the neural data, the researchers compared human brain activity to multilingual artificial intelligence language models, including multilingual BERT. They found striking similarities between the geometry of semantic representations in the hippocampus and the internal organization of modern AI systems trained on multiple languages.

“Large language models and the human brain may be converging on similar computational solutions for representing meaning,” Hayden said. “That does not mean AI works exactly like the brain, but it suggests there may be universal principles for organizing knowledge.”

“Our study shows that the brain is wired to learn multiple languages,” says senior author Benjamin Hayden of the Baylor College of Medicine. “Once it maps relationships among words, it can apply those same relationships across languages. We all have the potential to become bilingual, or even trilingual.”

[cAPSLOCK]

and eth and such would make a difference

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[sirazimuth]

..... but I want to say that you seemed to have had a lot more time for us before you retired.   I think it would be best of all of us (you know, the royal "we") if you were to take up the wage-slavery game again... even if only part-time or on a contractual basis. 

Well I'm a very busy bee these daze. Cat shitter to scoop, dishwasher to empty, weeds to grow, neighbors to gossip about... you know that sort of thing....
Oh wait, I did all that when I was working.... 

Truth be told, the alcohol over indulgence probably had something to do with the excessive asshattery.
Not a teetotaler now, (boring) but adjusted my intake down considerably. No more constant headaches and heartburn....imagine that!
Speaking of drinking... time for my cup of tea and a biscuit.... LG

[Hueristic]

OT: an after lunch light read:

https://neurosciencenews.com/bilingual-brain-single-neuron-language-30949/
https://news.rice.edu/news/2026/how-do-bilingual-brains-navigate-between-languages-scientists-discover-geometric-neural

To analyze the neural data, the researchers compared human brain activity to multilingual artificial intelligence language models, including multilingual BERT. They found striking similarities between the geometry of semantic representations in the hippocampus and the internal organization of modern AI systems trained on multiple languages.

“Large language models and the human brain may be converging on similar computational solutions for representing meaning,” Hayden said. “That does not mean AI works exactly like the brain, but it suggests there may be universal principles for organizing knowledge.”

“Our study shows that the brain is wired to learn multiple languages,” says senior author Benjamin Hayden of the Baylor College of Medicine. “Once it maps relationships among words, it can apply those same relationships across languages. We all have the potential to become bilingual, or even trilingual.”

So what am I called (besides dumbass ) if that's "bilingual-brain", I quit school because I couldn't deal with english 4 and thought something with zero logic was worthless to learn.

I spent a quarter on french and a year trying to learn spanish and can barely count to 10 in either, my old fiance said I speak like a bambino. Lol

[Biodom]

OT: an after lunch light read:

https://neurosciencenews.com/bilingual-brain-single-neuron-language-30949/
https://news.rice.edu/news/2026/how-do-bilingual-brains-navigate-between-languages-scientists-discover-geometric-neural

To analyze the neural data, the researchers compared human brain activity to multilingual artificial intelligence language models, including multilingual BERT. They found striking similarities between the geometry of semantic representations in the hippocampus and the internal organization of modern AI systems trained on multiple languages.

“Large language models and the human brain may be converging on similar computational solutions for representing meaning,” Hayden said. “That does not mean AI works exactly like the brain, but it suggests there may be universal principles for organizing knowledge.”

“Our study shows that the brain is wired to learn multiple languages,” says senior author Benjamin Hayden of the Baylor College of Medicine. “Once it maps relationships among words, it can apply those same relationships across languages. We all have the potential to become bilingual, or even trilingual.”

So what am I called (besides dumbass ) if that's "bilingual-brain", I quit school because I couldn't deal with english 4 and thought something with zero logic was worthless to learn.

I spent a quarter on french and a year trying to learn spanish and can barely count to 10 in either, my old fiance said I speak like a bambino. Lol

Many native English speakers have difficulty learning a second language. I guess it is because the whole planet, more or less, uses English at least sometimes...WO posting comes to mind  .
Interestingly, bilingual people do not 'translate' one language into another...the article compares it to looking at the same 'thing' at a different angle.

[Hueristic]

OT: an after lunch light read:

https://neurosciencenews.com/bilingual-brain-single-neuron-language-30949/
https://news.rice.edu/news/2026/how-do-bilingual-brains-navigate-between-languages-scientists-discover-geometric-neural

To analyze the neural data, the researchers compared human brain activity to multilingual artificial intelligence language models, including multilingual BERT. They found striking similarities between the geometry of semantic representations in the hippocampus and the internal organization of modern AI systems trained on multiple languages.

“Large language models and the human brain may be converging on similar computational solutions for representing meaning,” Hayden said. “That does not mean AI works exactly like the brain, but it suggests there may be universal principles for organizing knowledge.”

“Our study shows that the brain is wired to learn multiple languages,” says senior author Benjamin Hayden of the Baylor College of Medicine. “Once it maps relationships among words, it can apply those same relationships across languages. We all have the potential to become bilingual, or even trilingual.”

So what am I called (besides dumbass ) if that's "bilingual-brain", I quit school because I couldn't deal with english 4 and thought something with zero logic was worthless to learn.

I spent a quarter on french and a year trying to learn spanish and can barely count to 10 in either, my old fiance said I speak like a bambino. Lol

Many native English speakers have difficulty learning a second language. I guess it is because the whole planet, more or less, uses English at least sometimes...WO posting comes to mind  .
Interestingly, bilingual people do not 'translate' one language into another...the article compares it to looking at the same 'thing' at a different angle.

Just finished and was editing in this while you posted:


Decided it's too fucking hot out to do anything, took a mile walk and can barley breathe.

So I decided to answer my own question and copilot says I'm "logic‑dominant experiential learner".

[BTCETFInvestor]

OT: an after lunch light read:

https://neurosciencenews.com/bilingual-brain-single-neuron-language-30949/
https://news.rice.edu/news/2026/how-do-bilingual-brains-navigate-between-languages-scientists-discover-geometric-neural

To analyze the neural data, the researchers compared human brain activity to multilingual artificial intelligence language models, including multilingual BERT. They found striking similarities between the geometry of semantic representations in the hippocampus and the internal organization of modern AI systems trained on multiple languages.

“Large language models and the human brain may be converging on similar computational solutions for representing meaning,” Hayden said. “That does not mean AI works exactly like the brain, but it suggests there may be universal principles for organizing knowledge.”

“Our study shows that the brain is wired to learn multiple languages,” says senior author Benjamin Hayden of the Baylor College of Medicine. “Once it maps relationships among words, it can apply those same relationships across languages. We all have the potential to become bilingual, or even trilingual.”

So what am I called (besides dumbass ) if that's "bilingual-brain", I quit school because I couldn't deal with english 4 and thought something with zero logic was worthless to learn.

I spent a quarter on french and a year trying to learn spanish and can barely count to 10 in either, my old fiance said I speak like a bambino. Lol

Maybe learn Morse Code!  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Floczy]

Having a watch that can tell the live price of Bitcoin every single time of the day is so cool, but sometimes I feel sick of always looking at the price every single time and that is a downside for me, it's definitely cool for people but me nahh, Imma feel sick

Dude. Calm down. I don't have the price always on my smartwatch's screen. I have to select it in the menu. Time, date, heart rate and battery charge are displayed, if i tap the display or turn my wrist. I don't want to expose my love for BTC to the public because of reasons.
But it's way more comfortable this way, compared to wrestling out my smartphone of my trousers pocket, unlocking it, opening the chart view app (and so on, i suppose you are familiar with that kind of process).

Oh yes my friend, that's sometimes stressful, unfortunately for me I haven't changed my smartphone yet so my phone hanging and glitching also make it a frustrating process 

If that's the case that its definitely a watch one can get (I thought the price will just be nakedly showing ), it can be a simple access, you can go out chilling without the use of your phone to avoid social media and stuffs like that, but still stay updated with some things including Bitcoin price.

Oh well I'll look forward to buy it even as I plan on changing my phone as well, I'll use it whey more, because I can tell it's as a result of going here and there with my phone that made it this bad as it consistently falls 

[Gachapin]

I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article.

It is an article on BIP 110 and a very well said argument for his ambivalence.

https://x.com/i/status/2071637370881941750

If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever.

Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely.

It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee.

And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users.

being able to fork-off is a feature not a bug

people will get it one day

Exactly. It is arguably Bitcoin's nuclear option when it comes to its ability to survive.

And we all had to live through it, or at least know about the first time it happened in a big way.  and the chaos that ensued was extraordinary.

History repeats, and it's certainly not going to forget to repeat for the masses.

Unfortunately, that means we get to watch it again. But fortunately, that means we might be able to help people settle down a little when it does.

Forks in Bitcoin and consensus in general is an immune system that theoretically can survive even extremely hostile environments, which Bitcoin has definitely entered at this point.

(PS my thesis is not that BIP 110 will be a hard fork, though it may. It is that we will see one again eventually.)

real OG talk!  Listen well, newbies !


personally almost any fork made me money... so funny that it's working even financially

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

A lot of people calling a bottom out there.

[Gachapin]

A lot of people calling a bottom out there.

I hope Cramer is not one of them