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

[mindrust]

Say whatever you want, I was a fan of Tesla for a while but after seeing people got toasted alive inside those cars I've changed my mind.

I don't want to sit on hundreds of Li-Ion batteries.

Also the car itself is like iphone.

I am pretty sure if Elon can remotely shut down your car. I believe the new Mercedes-Benz and BMW cars are not much different though. The selection of good cars are just becoming harder and harder.

[JayJuanGee]

Today was the day:
Self-made Legendary. Still,
Can't pay bills with it 

In another thread, I already have had a bit of a rant today about the topic of "self-made" and some seeming discounting of members who had validly and legitimately (in my view) ranked up in this forum under our pre-merit system.

[Torque]

So potentially if millions of people all over the world buy Bitcoin infrequently (as a store of value), and hold for long periods of time, years or even decades, then the whole "transaction throughput problem" is overblown and over-hyped, is it not?

Since they won't be doing daily transactions with it?

Just like PMs. Nobody buys a silver coin just to turn around and try to buy a hamburger with it.

I think it remains to be seen if something on the order of 10 transactions/s will suffice at scale, I did say "may".

The idiot BCH and BSV camp have the same problem with incentive. No one is going to buy either of those shitcoins just to use for daily transactions, because of the hassle of acquisition in the first place. Plus they have even less merchant support (almost non existent except for Bitcoin Judas' one Japanese coffee shop). Doesn't matter what theoretical future transaction throughput problem their blockchains purport to solve.

So the joke's on them, lol.

[LFC_Bitcoin]

@officialmcafee
Bitcoin is under pressure from the U.S. and its price reflects it. But the U.S. has no real power in controlling CryptoCurrency. Just watch. A week from today Bitcoin will continue its meteoric rise.

https://twitter.com/officialmcafee/status/1155211540846600192?s=21

People like John Mcafee will contribute to accelerate the banning process of cryptocurrencies by the govt.

You can’t ban the use of bitcoin, it’s impossible. You can place restrictions & sanctions but there are ways.
Unless they want to ban the internet for everybody which won’t happen.

[serveria.com]

Say whatever you want, I was a fan of Tesla for a while but after seeing people got toasted alive inside those cars I've changed my mind.

I don't want to sit on hundreds of Li-Ion batteries.

Also the car itself is like iphone.

I am pretty sure if Elon can remotely shut down your car. I believe the new Mercedes-Benz and BMW cars are not much different though. The selection of good cars are just becoming harder and harder.

I'm not looking into the direction of electric cars until they are able to offer at least 350-500 mile range (probably in 2020ties or so).

[JayJuanGee]

[edited out]

Stop being such a defensive drama queen. It's one view. You're at liberty to dismiss it without throwing hissy fits and asking for "bets".

You are easily distracted, no?  Perhaps purposefully? 

If you believe that I am acting defensive, a drama queen or throwing a hissy fit, you have a lot to learn about the world and making attempts at substantive postings.

You are the ONLY one in this particular thread of a conversation who seems to be engaging in exaggerating behaviors that you are unwilling to stand behind in any kind of meaningful way, beyond making mere absolutism pronouncements of your supposed insight, when largely you are showing an ongoing pattern of behavior in which you are wrong a lot, and largely in the exaggerated bearish direction, but you never live up to your ongoing bullshit and exaggerated wrongness, and hopefully not too many people have been deceived by your largely FUD spreading posts (that your ongoing behavior shows that you will not even stand behind, when push comes to shove).

[JayJuanGee]

I had a job interview this week and a long part of the interview was spent talking about Bitcoin. Somehow we ended up on the topic and he just kept firing questions. There definitely is a huge thirst for knowledge for BTC

Job related to bitcoin or some  related field or the guy was just interested on a personal side-tangent level?

Unfortunately not Bitcoin related. I have been searching for such jobs but no luck so far.
The guy is the CEO of an online marketing agency and he got a bit too excited on topic, the female interviewer was getting a bit annoyed with the off-topicness.

Hahahahahaha

Sounds great!!!!!!  Hopefully, you did not go too far astray?  Sometimes it is difficult to make sure that you are sufficiently balanced in terms of making sure that you make decent impressions in a job interview, and sometimes it can be a bit unclear regarding the extent to which your actual interview discussion points might affect decision making regarding either hiring you or the terms to offer in the event of a decision to make a hiring offer.

[JayJuanGee]

@officialmcafee
Bitcoin is under pressure from the U.S. and its price reflects it. But the U.S. has no real power in controlling CryptoCurrency. Just watch. A week from today Bitcoin will continue its meteoric rise.

https://twitter.com/officialmcafee/status/1155211540846600192?s=21

I thought that McAfee was under some kind of govt. detention?

[HairyMaclairy]

Well, I don’t know if you referred clown also to Plan B, but he’s actually truth to model how supply and demand impact bitcoin price.

You can model Bitcoin supply and demand all day long, with mathematical predicative models, stats, etc.

But behind the "demand" component of S & D, there are real fucking people. Not just 'the mysterious ether out there'.

Demand is driven by the emotion of people en masse opening actual accounts and buying Bitcoin with their fiat. Not by magical levitation. So I say again, where is this magically spurned emotion of epic buying going to be coming from to move the price to $1M by 2020?

McAfee doesn't say jack shit about that, and neither do the other talking head idiots. They are just pissing in the wind.

Yes I am still a long term bull, but come on.

I think $1 million is silly in 2020. But you are only talking about demand, which is one side of the equation.

Supply is the other side.  And if the market becomes illiquid due to withdrawal of supply, then the price can spike hard on low volume.  This is the essence of a short squeeze.  

If one morning, hodlers and miners wake up and suddenly decide that Bitcoin is worth $1 million, then they won’t sell below that point and the market dries up.  We then get a short squeeze of epic proportion and the long traders and momentum traders keep the thing going (after all they are making screaming fortunes) until we hit $1 million and supply returns.

How do you get a withdrawal of supply?  Halvening helps the supply reduction. But really once you get an insane bull market on, supply dries up because no one wants to sell when the price is doubling every week. 

[HairyMaclairy]

Good bye GitHub, welcome MetaNet and the power of BitCoin
https://codeonchain.network/

You can simply use the bsvpush command line tool to upload an entire folder by running: bsvpush push
https://github.com/jolonf/bsvpush

Nobody here or in the world - outside of BSV brainlets such as yourself - gives a shit about your farcical Faketoshi crap. Wake me up when BSV flips BCH in market cap.

There exists a problem: Microsoft is enforcing geofencing on the repository undergirding the world's most prominent FOSS VCS.

There exists a solution under development: An eventual git-workalike whose repository is built upon a decentralized, permissionless blockchain.

And all you can see is: Aussie man bad!

SMH

You forgot: American man pedophile!

[HairyMaclairy]

All those posts, that we are all making... Permanently stored in BitcoinTalk's servers...

Maybe, maybe not. All at the whim of theymos. Not saying that's evil or anything, it is just a reality. Much like Facebook, all your post are belong to us.

If only there were a decentralized, permissionless, uncensorable, immutable repository upon which to host such a discussion....

Your statement might be more credible if BSV was decentralized

[JayJuanGee]

We had a few previous posts about the passing of Tyler Jenks in the past few days, and I recently found out that he was 70 years old. 

It was already mentioned in this thread that Jenks had only been in the bitcoin space for less than 2 years, yet he made some important contributions and impressions, even though criticized a lot lately for the short-term BTC bearishness of his hyperwave theory.. while he was largely proclaiming to be long term bullish about bitcoin, which surely seems to have been genuine (even if the short-term bearishness may have been disagreement worthy).

There are some tweets about him, and a video from earlier today, too.

Tone Vays and Leah Wald YouTube video discussion


Topical twitter posts from:

Old ugly goat   (I believe this was one of the first tweets about the topic)

Tone Vays


Leah Wald

LucidInvestments

[HairyMaclairy]

Gee, And I thought the topic of discussion was Microsoft's closing down access to github, and potential solutions thereupon.

Where is this goal part of the white paper, that Craig read, probably when he wrote it...

Quit being intentionally obtuse. This is where this branch of the thread originated:

https://asktom.cf/index.php?topic=178336.msg51977374#msg51977374

Incidentally, quite amusing how you love to fly that Craig Derangement Syndrome flag yet again. It's almost as if you don't have any other tools in your toolbox.

If you go to buy a house, but find the house afire, you don’t need to check for termites.

[jojo69]

no one wants to sell when the price is doubling every week. 

please don't remind me

[JayJuanGee]

Well, I don’t know if you referred clown also to Plan B, but he’s actually truth to model how supply and demand impact bitcoin price.

You can model Bitcoin supply and demand all day long, with mathematical predicative models, stats, etc.

But behind the "demand" component of S & D, there are real fucking people. Not just 'the mysterious ether out there'.

Demand is driven by the emotion of people en masse opening actual accounts and buying Bitcoin with their fiat. Not by magical levitation. So I say again, where is this magically spurned emotion of epic buying going to be coming from to move the price to $1M by 2020?

McAfee doesn't say jack shit about that, and neither do the other talking head idiots. They are just pissing in the wind.

Yes I am still a long term bull, but come on.

You are still an ongoing bitter (and resentful in spite of your richness status, perhaps) skeptic, too.. apparently... 


 

[jbreher]

Go take some of that Bitcoin you just bought and buy a VPN service.  AIRVPN is a good place to start.  https://airvpn.org/

Now you can join whatever you like.

I'm not sure it's a good idea to encourage people to break either their local laws, or the website terms and conditions, especially considering the risk of financial loss.

Government agent spotted.  Is that you jbreher?  

Go fuck yourself, JJG. </obligatory autonomic retort>

[Saint-loup]

US Department of Defense to Use Tech Underlying Bitcoin for Experimental Communication Platform

The US Department of Defense (DoD) has released a new document stating that the Defense Advanced Research Projects Agency (DARPA), one of its agencies, is experimenting with blockchain, the technology that underpins Bitcoin. According to the document, entitled the “DoD Digital Modernization Strategy”, DARPA is exploring how blockchain can help facilitate the transmission of secure messages.

"Blockchains are a new information technology that inverts the cybersecurity paradigm. First, blockchain networks are trustless: they assume compromise of the network by both insiders and outsiders. Second, blockchains are transparently secure: they do not rely on failure-prone secrets, but rather on a cryptographic data structure that makes tampering both exceptionally difficult and immediately obvious.

Finally, blockchain networks are fault tolerant: they align the efforts of honest nodes to reject those that are dishonest. As a result, blockchain networks not only reduce the probability of compromise, but also impose significantly greater costs on an adversary to achieve it."

https://dailyhodl.com/2019/07/28/us-department-of-defense-to-use-tech-underlying-bitcoin-for-experimental-communication-platform/

[jbreher]

All those posts, that we are all making... Permanently stored in BitcoinTalk's servers...

Maybe, maybe not. All at the whim of theymos. Not saying that's evil or anything, it is just a reality. Much like Facebook, all your post are belong to us.

Not anything like Facebook.

Au contraire, mon frere. The fact that everything that one contributes upon this forum is subject to the vagaries and whims of its owner is exactly like Facebook.

Do you feel you need to contradict automatically everything that I type? Because this content ownership equivalency is so blatantly obvious as being the case that I can think of no other reason for your contradiction.

Outside of selling ads, theymos engages in no site monetization.

We'll set aside the point that the overwhelming bulk of FB's revenue also comes from selling ads on its platform (so wrong again). And counter the fact that theymos has indeed performed other site monetizing activities. Perhaps you weren't around for the direct appeals for donations for revamped site coding? (strike three in one sentence - way to go!)

If only there were a decentralized, permissionless, uncensorable, immutable repository upon which to host such a discussion....

Just like Satoshi intended

Way to completely miss the point again.

You don't think its the least bit ironic that SV was born out of the desire to be Bcashier than Bcash,

WTF are you talking about? BSV was born out of a desire to restore Satoshi's original protocol. The bulk of the devs behind BCH were determined to dev up further divergence from that goal. Much like the original BTC/BCH split, the only way to salvage the original protocol from 'devs gotta dev' mentality was to fork again.

Incidentally, quite amusing how you love to fly that Craig Derangement Syndrome flag yet again. It's almost as if you don't have any other tools in your toolbox.

I don't need anything else when you insist on taking a fraud's words at face value.

I don't. I've not been much discussing them. But you keep inserting them into discourse. Again with the Craig Derangement Syndrome.

[jbreher]

All those posts, that we are all making... Permanently stored in BitcoinTalk's servers...

Maybe, maybe not. All at the whim of theymos. Not saying that's evil or anything, it is just a reality. Much like Facebook, all your post are belong to us.

If only there were a decentralized, permissionless, uncensorable, immutable repository upon which to host such a discussion....

Your statement might be more credible if BSV was decentralized

 

[JayJuanGee]

citadeles, citadels...

Bond market is going into a black hole:
https://www.bloomberg.com/news/articles/2019-07-13/the-black-hole-engulfing-the-world-s-bond-markets-quicktake

What is the end game there?

Difficult to understand/comprehend Max Keizer commented on above by saying that stocks would be "finished" somehow and we would split into 2+98 with 2% living in "citadels":
https://youtu.be/u3ojPk8CQns?t=390

Plus,here is Walter Isaacson telling us that we are about to split into subspecies and it would be difficult to impossible to stop it:
https://airmail.news/issues/2019-7-27/should-the-rich-be-allowed-to-buy-the-best-genes

I feel that all this somehow connects to recent PR moves regarding bitcoin as in "not everyone should be able to get in".

Surely everyone can get into bitcoin, it is just a matter of how much they are able to acquire and at what price and how many of them are going to end up chasing the train, or rocket or whatever combination of vehicles we embark upon in our journey from here to there.

if you curse it enough, many would not want to until it is a too late, at least for appreciation, leaving more for those in the know (or those who have more money).

Surely, I feel that I am no where near what seems to be your level of pessimism regarding either opportunities available for later adopters of BTC or that bitcoin will not continue to be a great investment (relatively speaking) even if future BTC profits are only averaging in the 10% to 20% per year levels rather than historical average levels of 150% or more per year.