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

[philipma1957]

Buddy setting up for a nice dip.

Maybe 56k?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

~snip~
3. Tim Draper Says Bitcoin Is Headed for 'Infinity' Against Dollar as Growing BTC Payments Could Trigger Bank Runs
URL: https://finance.yahoo.com/markets/crypto/articles/tim-draper-says-bitcoin-headed-094511603.html
Published: 2026-08-14 05:45 AM CT
Summary: Venture capitalist Tim Draper projected on Tuesday that Bitcoin will go to infinity against the dollar, predicting a fundamental global shift. Draper cited Block Inc.'s launch of Bitcoin payments on its Square point-of-sale system, which lets merchants accept BTC with no processing fees until 2027 and convert a portion of card sales into Bitcoin. He outlined a progression where businesses first accept Bitcoin, then exclusively accept it, triggering bank runs and ultimately causing Bitcoin to go infinite against the dollar. Draper, who bought nearly 30,000 BTC for $19 million at a 2014 U.S. Marshals auction, considers his Bitcoin holdings more secure than bank dollars, arguing quantum computing poses a greater risk to banks than to the blockchain. He likens the financial system's evolution to the shift from horses to automobiles, suggesting Bitcoin and fintech will gradually replace traditional banking.

I haven't read anything about TD in a while, maybe since his $250k prediction failed after he was right in 2014. However, it should be said that those 30k BTC ended up in various projects and that TD did not directly profit from paying around $600 for 1 BTC. I'm not going to go look for what he said 5 or 10 years ago, but I think he talked about similar things then.

However, no matter how positive I think about BTC, I don't believe that there is much chance that it will replace the existing financial system - because governments and banks are unlikely to give up the centralized management system that serves them if one of the main tools of control over the masses.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

~snip~
3. Tim Draper Says Bitcoin Is Headed for 'Infinity' Against Dollar as Growing BTC Payments Could Trigger Bank Runs
URL: https://finance.yahoo.com/markets/crypto/articles/tim-draper-says-bitcoin-headed-094511603.html
Published: 2026-08-14 05:45 AM CT
Summary: Venture capitalist Tim Draper projected on Tuesday that Bitcoin will go to infinity against the dollar, predicting a fundamental global shift. Draper cited Block Inc.'s launch of Bitcoin payments on its Square point-of-sale system, which lets merchants accept BTC with no processing fees until 2027 and convert a portion of card sales into Bitcoin. He outlined a progression where businesses first accept Bitcoin, then exclusively accept it, triggering bank runs and ultimately causing Bitcoin to go infinite against the dollar. Draper, who bought nearly 30,000 BTC for $19 million at a 2014 U.S. Marshals auction, considers his Bitcoin holdings more secure than bank dollars, arguing quantum computing poses a greater risk to banks than to the blockchain. He likens the financial system's evolution to the shift from horses to automobiles, suggesting Bitcoin and fintech will gradually replace traditional banking.

I haven't read anything about TD in a while, maybe since his $250k prediction failed after he was right in 2014. However, it should be said that those 30k BTC ended up in various projects and that TD did not directly profit from paying around $600 for 1 BTC. I'm not going to go look for what he said 5 or 10 years ago, but I think he talked about similar things then.

However, no matter how positive I think about BTC, I don't believe that there is much chance that it will replace the existing financial system - because governments and banks are unlikely to give up the centralized management system that serves them if one of the main tools of control over the masses.

I am of the opinion anything from MSM on price projections from these so called experts is worthless information except known counter indicators and even then they can be flipped by handlers to trap the foolish.

Time and again the Tards have been fleeced by so called guru's, but people never learn

[Danish Ali]

~snip~
3. Tim Draper Says Bitcoin Is Headed for 'Infinity' Against Dollar as Growing BTC Payments Could Trigger Bank Runs
URL: https://finance.yahoo.com/markets/crypto/articles/tim-draper-says-bitcoin-headed-094511603.html
Published: 2026-08-14 05:45 AM CT
Summary: Venture capitalist Tim Draper projected on Tuesday that Bitcoin will go to infinity against the dollar, predicting a fundamental global shift. Draper cited Block Inc.'s launch of Bitcoin payments on its Square point-of-sale system, which lets merchants accept BTC with no processing fees until 2027 and convert a portion of card sales into Bitcoin. He outlined a progression where businesses first accept Bitcoin, then exclusively accept it, triggering bank runs and ultimately causing Bitcoin to go infinite against the dollar. Draper, who bought nearly 30,000 BTC for $19 million at a 2014 U.S. Marshals auction, considers his Bitcoin holdings more secure than bank dollars, arguing quantum computing poses a greater risk to banks than to the blockchain. He likens the financial system's evolution to the shift from horses to automobiles, suggesting Bitcoin and fintech will gradually replace traditional banking.

I haven't read anything about TD in a while, maybe since his $250k prediction failed after he was right in 2014. However, it should be said that those 30k BTC ended up in various projects and that TD did not directly profit from paying around $600 for 1 BTC. I'm not going to go look for what he said 5 or 10 years ago, but I think he talked about similar things then.

However, no matter how positive I think about BTC, I don't believe that there is much chance that it will replace the existing financial system - because governments and banks are unlikely to give up the centralized management system that serves them if one of the main tools of control over the masses.

I am of the opinion anything from MSM on price projections from these so called experts is worthless information except known counter indicators and even then they can be flipped by handlers to trap the foolish.

Time and again the Tards have been fleeced by so called guru's but people never learn

Half these "analysts" are just exit liquidity generators for the guys paying for the headlines. Best counter-indicator out there.

I always ignore this noise.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Planning to run it?

When it's done, absolutely!

I looked closer at it and the python is all test related from my cursory glance which is fine, is the systemd a hard dependency in the code or can the daemon be handled by any init without a recode?

I haven't coded assembly since 1989 or so and have no inclinations to look at that code but will run a peer review when done through my local llm suite.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

I looked closer at it and the python is all test related from my cursory glance which is fine, is the systemd a hard dependency in the code or can the daemon be handled by any init without a recode?

There is no hard dependency on systemd. Those files have been removed.

It's honestly too early for me to comment beyond "Holy shit! It works! Now I just need to get the last 50% done..."

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

Well, I would have thought that the removal of the BIP 110 uncertainty would have been taken as a good thing. Were people expecting an airdrop? Or just a non-event and price movement unrelated?

[Biodom]

OT: Anthropic just "offed" themselves, basically, by adding watermarks to their AI generated work.
Why? Because now no one can use their tools and then claim credit for a text, program, code, whatever.
Massive cancellations are likely, imho.

With a paywall: https://www.businessinsider.com/claude-users-cancel-subscriptions-citing-anthropic-new-ai-watermark-2026-8

No paywall, but a bit goofy: https://www.youtube.com/watch?v=q4_-y67JGCU

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Well, I would have thought that the removal of the BIP 110 uncertainty would have been taken as a good thing. Were people expecting an airdrop? Or just a non-event and price movement unrelated?

I think the total impact of the BIP was negligible.  The market is MUCH bigger now than who Luke and Mechanic were preaching to.  There is still plenty of possibility for the fork coin though.  This whole even combined with the CoinKite thing are only affecting the "plebs" who do not hold as much significance outside of X really.

Also Luke was effectively able to make the whole event look like Don Quixote.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Danish Ali]

Well, I would have thought that the removal of the BIP 110 uncertainty would have been taken as a good thing. Were people expecting an airdrop? Or just a non-event and price movement unrelated?

Classic "buy the rumor, sell the news" setup. The market had already priced in the removal of that uncertainty weeks ago. Anyone actually expecting an airdrop is trading the wrong ticker.

OT: Anthropic just "offed" themselves, basically, by adding watermarks to their AI generated work.
Why? Because now no one can use their tools and then claim credit for a text, program, code, whatever.
Massive cancellations are likely, imho.

With a paywall: https://www.businessinsider.com/claude-users-cancel-subscriptions-citing-anthropic-new-ai-watermark-2026-8

No paywall, but a bit goofy: https://www.youtube.com/watch?v=q4_-y67JGCU

Corporate AI shooting itself in the foot to please regulators. Perfect advertisement for open-weight models.

First they build the moat, then they add compliance friction that turns off their own power users. Local LLMs win again.