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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5598. (Read 26686376 times)

copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
As much as i enjoy the unexpected attention, but i got shit to do IRL.

So do I.  So why are you wasting my time?


Username and avatar check out.

sr. member
Activity: 297
Merit: 416

That's a pretty stupid article: They have till November and my guess is it's an ass ton of paperwork. But let the Govt shut them down, I'm sure that will instantly drop the number of S. Koreans who want to hold Bitcoin to absolute zero. No, they won't get it elsewhere, their government knows so much better.

There will just be a bigger "won premium" as who would want a currency like the S. Korean Won.

$5 bucks says N. Korea will open a wall of bitcoin ATMs on the border in November  Just to fuck with them.

No big deal, plenty time for the Exchanges to comply with new rules and for current anonymous clients to withdraw coins if needed.

The border with DPRK and ROK is not like the US / Mexico border where you can come and go freely and all-comers are welcome. Besides DPRK hardly has enough electricity to keep their lights on without getting involved with Bitcoin.

You will owe $5/189.000 in BTC to your favorite charity in November.

So a very cheap bet for you although you lose.

Did not see Nullius' photo of border in later post till now.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!

You mean the US won't stage a military coup to install a right-wing dictator friendly to US big business interests?

Well after January 2021 I wouldn't be so sure. The US might just end up invading itself if it feels itself becoming too socialist.

On that note, it sure would be nice if people knew what socialism means. Are the means of production owned by the workers? No? Not socialist then. Sorry,

legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug

There will probably be a market for it but I think it's just a temporary hype thing.
Volume seems to be dropping on the big players whilst crypto in general made a recovery.
Probably getting oversaturated.

Wanka tried to warn people.


copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!

That type of an “argument” can be made in either direction.  If I see one more whiner flipping out about NFTs as if it will make your digital fluids impure to touch any value-bearing instrument other than Bitcoin...  Moreover, in the context of an innocuous techno-gadget that you’re free not to buy, it looks very much like a retreat to a last-resort argument of, “I just don’t like it, so I want to shoot the people who do.”  I find that unpersuasive, especially since keyboard-warriors cannot actually shoot me.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2050
Merit: 1184
Never selling
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
"Biden to sell historic spending plans in speech to Congress"
https://www.bbc.co.uk/news/world-us-canada-56910884

I'm confused with the reporting here, is it $6 trillion or $7.5 trillion in total?

Biden throws it around like it's nothing.

... it is precisely, nothing.

Printed up out of thin air with a Ctrl-P, or something similar as database entries at the Federal Reserve ... it's nothing, zilch, fugazee. Throw it around.
legendary
Activity: 2310
Merit: 1422
Boring sideways.
Give me some action!
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
$6 trillion is about 240 NASA budgets.
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!

McCarthy was right, you historically ignorant boob.  Though I guess you don’t know that if your sources of education are Hollywood, the mass media, the public schools, the the Communist Encyclopaedia to which you link-drop in lieu of a rational argument.

Much though he has been maligned and smeared (and as incompetently as he fouled up parts of the handling of his own investigation—which is how he got knocked down), McCarthy was right, and more right than he knew.  There was significant high-level Communist infiltration of the United States Federal government*—so much, and at such a high level, that a mere Senator was in way over his head.

Stop traducing one of the only good Senators that the United States has had within the past century.

* At this juncture, I am often bemused by some Internet idiot conflating Senator McCarthy’s investigation of infiltration of the USG with the House Unamerican Activities Committee’s investigation of Hollywood.  Those Hollywood Commies have really done a bang-up job miseducating the public.
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
"Biden to sell historic spending plans in speech to Congress"
https://www.bbc.co.uk/news/world-us-canada-56910884

I'm confused with the reporting here, is it $6 trillion or $7.5 trillion in total?

Eye watering figures.  Shocked


I was just trying to imagine how much a trillion dollars actually is. This video helped.
I thought for a minute, no it's not the last one, it's the one a few steps back. But no, it IS the last one. And that is only ONE trillion dollars.

https://www.youtube.com/watch?v=aKrFFFpYgkU&ab_channel=AnimatedStuff

It took 10 years of interest from techies, traders, those interested in finance and now normies to invest savings and time for Bitcoin to reach that total marketcap figure.
Biden throws it around like it's nothing.
copper member
Activity: 1526
Merit: 2890
Solution:  Don’t run executable code from unknown sources.

The .exe might be perfectly fine, from a known source. Yet malicious payload might be hiding in .dll

Freshly downloaded .dll from a compomised update (supply chain attack).

According to your logic, these 29,000 users did nothing wrong:

Quote
As many as 29,000 users of the Passwordstate password manager downloaded a malicious update that extracted data from the app and sent it to an attacker-controlled server. Bad actors compromised its upgrade mechanism and used it to install a malicious file on user computers.

They trusted the software and its update mechanism.

Don’t run executable code.  only if they ask me first :p

Yes it's not limited to executable code any more, code injection from the know sources are the real threat these days for example these software updates are the real time code injection examples. If we are talking about hacking this would be no.1 cause and i would place backdoors and zero day vulnerabilities in same category of code injection.

legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Do you have a citation for that?

https://lightning.network/lightning-network-paper.pdf

Quote
If all transactions using Bitcoin were conducted inside a network of
micropayment channels, to enable 7 billion people to make two channels
per year with unlimited transactions inside the channel, it would require
133 MB blocks
(presuming 500 bytes per transaction and 52560 blocks per
year). Current generation desktop computers will be able to run a full node
with old blocks pruned out on 2TB of storage.
...

To me this sounds like we're already just 133x away or two orders of magnitude from covering whole world wide population. So at current stage should be enough capacity to meet current needs with LN. How do other blockchains (lol) compare in regards to being able to cover whole human population?

I'll just bold up a couple of parts of that myself. Again, take a gander at how LN works and see if you think only two channels will be sufficient unless massive centralization occurs.

I highlighted a part too. Once the routing issues are solved, channel re balancing improves, and there are millions of interconnected LN nodes globally, i'd say 6-8/lifetime for a typical user should suffice. Naturally lowest skilled population would probably centralize to their local village node anyway, then a good chunk will use single Facebook/Venmo/Paypal/CashApp/Google/Amazon/regional tech giant channel just because big techs are giving them free stickers/smileys for selling their privacy. Repressive nations will end up tying their CBDCs into LN but will prohibit their population from using LN directly, majority will probably oblige. The point is not to force everyone on earth to buy their coffee on blockchain, but to give them an option, an alternative to current system if they wish to use it. Those who wish can open their own channel to nodes in US, Europe, Russia, South America, China, Europe and Africa and they'd already be exponentially more diversified than currently with all transaction going through either the mastercard or visa networks
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
I think a healthy approach is to distrust all news sources to some degree, and build from that. Triangulation of media outlets; pick at least three with different views (not just mainstream, use independent media as well) in an attempt to get closer to the amoral truth. Perhaps this goes without saying, as traders in WO it's best to stay well-informed, dig really deep even when it upsets your previous dispositions.

If mainstream media is all you have consumed in the past it is high time to re-evaluate what you know about Bitcoin, the Fed, wars, socialism, Cuba, Russia, etc.

I remember how naively happy I was when alternative media online became a thing and people started to question the Status Quo more often. Turns out, most of them are happy enough to leave it at that, pat themselves on the shoulder for being smarter than the sheeple and promptly proceed to blindly start following whichever alternative media source happens to denounce the Status Quo (all of them) and confirm their biases. Some of them even parade on online forums, posing as "independent thinkers" who have "done their research"  Roll Eyes

Question all authority.
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
Solution:  Don’t run executable code from unknown sources.

The .exe might be perfectly fine, from a known source. Yet malicious payload might be hiding in .dll

Freshly downloaded .dll from a compomised update (supply chain attack).

According to your logic, these 29,000 users did nothing wrong:

Quote
As many as 29,000 users of the Passwordstate password manager downloaded a malicious update that extracted data from the app and sent it to an attacker-controlled server. Bad actors compromised its upgrade mechanism and used it to install a malicious file on user computers.

They trusted the software and its update mechanism.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Do you have a citation for that?

https://lightning.network/lightning-network-paper.pdf

Quote
If all transactions using Bitcoin were conducted inside a network of
micropayment channels, to enable 7 billion people to make two channels
per year with unlimited transactions inside the channel, it would require
133 MB blocks
(presuming 500 bytes per transaction and 52560 blocks per
year). Current generation desktop computers will be able to run a full node
with old blocks pruned out on 2TB of storage.
...

To me this sounds like we're already just 133x away or two orders of magnitude from covering whole world wide population. So at current stage should be enough capacity to meet current needs with LN. How do other blockchains (lol) compare in regards to being able to cover whole human population?

I'll just bold up a couple of parts of that myself. Again, take a gander at how LN works and see if you think only two channels will be sufficient unless massive centralization occurs.
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