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

[JimboToronto]

Debating to block buddies 3 bagger or not.

I guess I go for the block wtfn?

Look what you did, he was going up above 49 and you blocked that...

Don't the Buddy blockers realize that they're the reason we're stuck in the $4xxxx range?

Every time Buddy starts to get a full head of steam to head toward a new ATH, someone blocks him and the price drops.

 

[ChartBuddy]

Explanation

[sirazimuth]

....

https://archive.md/IhQl9

Good for a laugh. It could easily be an article about anything, if you completely ignore what the thing is and just say that it has no value. Pepperoni pizza is worse than a ponzi - you eat it and it's gone and you can't get the money back.

Ah yes, another gem to be added to the bitcoin obituaries...

I swear, in a few years time, these articles will still be continuously added, especially when bitcoin hits 100k then dumps to 75k...
Meanwhile,....

All the 2015 hodelers (like yours truly) will be like "meh! been there, done that, got the teeshirt"  (and the Lambo new garage with causeway....)

[ChartBuddy]

Explanation

[Richy_T]

We have standards here

We do? I'm sorry. I'll get my coat...

[Richy_T]

I want an NFT to a native American cave wall painting. Or to Neil Armstrong's boot print on the moon.

Here. That'll be 30k. Uh, I mean 300k.

[Torque]

I want an NFT to a native American cave wall painting. Or to Neil Armstrong's boot print on the moon.

Here. That'll be 30k. Uh, I mean 300k.

Yeah...but which one is it? Lol

[Richy_T]

Printing the BIP-39 words and draw them from a hat can't be messed with and is rather fool proof.

The seed words are just concatenated and then hashed. There are plenty of other ways a seed with enough entropy and randomness could be generated. Rolling a die would be pretty hard to beat.

[sirazimuth]

fence buddy thread farmer moon sandwich mind spare banana joke lousy articles coat which die blocked discussion seconds steam hashed just debate boy seed

[Richy_T]

Here. That'll be 30k. Uh, I mean 300k.

Yeah...but which one is it? Lol

I actually changed the "or to" to "of"

I spent several hours this afternoon just trying to come up with some odd combinations. Possibly it has revealed to me the entity behind the deep state.

This, though is what I got when I asked for a Giger/Escher mashup.

[JayJuanGee]

fence buddy thread farmer moon sandwich mind spare banana joke lousy articles coat which die blocked discussion seconds steam hashed just debate boy seed

Is all that gobbledy gook going to help with UPpity..? because if so, you can count me "in"...

In the past day and a half or so, I was starting to develop some contentment with $49k, even though it was mostly ONLY lower $49ks and sometimes bouncing into the upper $48ks and then just in the past few hours causing less contentment by dippening into the lower $48ks which started to make me wonder whether we might not never see $49k ever again..

.. but then alas here we are in the past hour-ish gravitating back into the upper $48ks... so no need to worry about seeing $49k again, right?

Right?

Anyhow, go gobbledy gook, go.. make it so... when I refer to "it" I am trying to mean Uppity.

[Biodom]

Today's discussion about wallet security made me think:
The idea about "not your keys, not your btc (or anything else)" is extremely difficult to explain to no-coiners or to even any non-technical people.

How to solve this to bring bitcoin to billions? Some upcoming solutions are Orwellian-some token wants you to scan your retina. Yikes!
What could be better without writing down words or an extremely long string of letters and numbers?
Some people/projects are claiming that they would provide decentralized identity. I am VERY skeptical of this for the moment.

It seems that at some point there will be an adequate phone wallet with both advanced (to get your private keys) and basic functionality (for noobs).
I looked into wallets and some are gaining more and more functions lately and seem on the way to a more polished product.
Maybe a good phone wallet is going to be a solution.

Additionally, financial institutions might eventually do 80-90% of custody.
They already approved Anchorage for institutional deposits, maybe something else (could be Fidelity) is coming for retail later.

[ChartBuddy]

Explanation

[Biodom]

fence buddy thread farmer moon sandwich mind spare banana joke lousy articles coat which die blocked discussion seconds steam hashed just debate boy seed

Is this a donation to the cause OR Chrismas present to the guy/gal with the fastest draw?
Too lazy to check.

[Syke]

It seems that at some point there will be an adequate phone wallet with both advanced (to get your private keys) and basic functionality (for noobs).
I looked into wallets and some are gaining more and more functions lately and seem on the way to a more polished product.
Maybe a good phone wallet is going to be a solution.

I like how Muun does it. https://blog.muun.com/why-not-just-a-mnemonic/

[cAPSLOCK]

The most important advantage in them is hard to see at first:  Secure XPRV (seed, XPUB etc) generation.  Hardware wallets are the ONLY foolproof way to make a bitcoin seed.  So far there is no other way that is safe, that also is not prohibitively difficult/risky.

I get your point and agree. But what if the hardware wallet has a whole bunch of predefined seeds, and one day are all swiped empty? What if the seed generation turns out to be not truly random?

(using an extended passphrase on top of the seed mostly solves this, and/or multisig)


Printing the BIP-39 words and draw them from a hat can't be messed with and is rather fool proof.

The problem with that is how are you going to arrange those 24 words into a key?  You CAN... using a little math, but it's not easy for most of us.

Most of us would use a computer.  And then we are back to the same issue.

I do something like you say (but with dice, cards, or coinflips) entirely because of the issue with the random number generator, but I use a hardware wallet to make my keys.  *That* is a pretty easy upgrade.

But the moment a computer is involved?  You are back in the hot water...

[ChartBuddy]

Explanation

[Richy_T]

The problem with that is how are you going to arrange those 24 words into a key?  You CAN... using a little math, but it's not easy for most of us.

You can enter the words into a hardware wallet just like a backup.

[shahzadafzal]

Just a casual reminder on the topic in discussion

[Gachapin]

The most important advantage in them is hard to see at first:  Secure XPRV (seed, XPUB etc) generation.  Hardware wallets are the ONLY foolproof way to make a bitcoin seed.  So far there is no other way that is safe, that also is not prohibitively difficult/risky.

I get your point and agree. But what if the hardware wallet has a whole bunch of predefined seeds, and one day are all swiped empty? What if the seed generation turns out to be not truly random?

(using an extended passphrase on top of the seed mostly solves this, and/or multisig)


Printing the BIP-39 words and draw them from a hat can't be messed with and is rather fool proof.

The problem with that is how are you going to arrange those 24 words into a key?  You CAN... using a little math, but it's not easy for most of us.

Most of us would use a computer.  And then we are back to the same issue.

I do something like you say (but with dice, cards, or coinflips) entirely because of the issue with the random number generator, but I use a hardware wallet to make my keys.  *That* is a pretty easy upgrade.

But the moment a computer is involved?  You are back in the hot water...

As I understood it, you generate a seed with external entropy (dice, cards, or coinflips)...  
How do you then compute the checksum within the seed without a computer before putting everything into the HW?

Thanks!

Edit
I just found out that coldcard offers that option. So I guess I have my answer..?