Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1987. (Read 26709787 times)
June 08, 2023, 11:01:20 AM
June 08, 2023, 10:50:32 AM
501 vs 500 was done in case someone deletes a merit.
Does not happen much but just in case.
Does not happen much but just in case.
Forum says, "You have received a total of 501 merits. This is what determines your forum rank. You typically cannot lose this merit"
But I want to lose 1 merit if I can
I will wait for your 6K Merit
This looks good, BTW.
June 08, 2023, 10:41:34 AM
501 vs 500 was done in case someone deletes a merit.
Does not happen much but just in case.
Does not happen much but just in case.
June 08, 2023, 10:33:17 AM
If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve? I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.
They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below
Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39 BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC
There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.
Nice work and you now have 501 merits.
Oh wow phil
Thank you very much for the final touch.
I have to wait four more weeks to rank up.
But, I am wondering why you decided to break the 500 Figure
June 08, 2023, 10:04:56 AM
June 08, 2023, 09:51:51 AM
If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve? I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.
They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below
Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39 BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC
There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.
Nice work and you now have 501 merits.
June 08, 2023, 09:50:00 AM
Sorry, no. What I wrote was absolutely correct:
I said 55% go in the community fund and into the staking system. (so 10% for the community found and 45% for the masternodes)
I said 55% go in the community fund and into the staking system. (so 10% for the community found and 45% for the masternodes)
45% of new coins produced are staking rewards to do with whatever the masternodes please, they don't go "into the staking system." You don't get more rewards for having over 1,000 DASH as masternode collateral. The constant sell pressure of masternode rewards is actually what is regularly blamed by the Dash community for dragging the price down.
We can twist words
I wasn't trying to "twist words," I just thought you'd appreciate knowing how it actually works as opposed to what you claimed.
I'm not really interested in defending Dash but when claims of "scam" are made they should be backed by evidence of malicious intent.
Thanks.
I think I know how staking works. But English is my third language, so please forgive my technically incorrect expression.
But I hope that we can agree that 55% of new coins go to the stakers (in my words, "into the staking system") and to the community fund (10%).
And the staking is one part that makes Dashit a security (apart from an organisation behind it and other stuff)
With regard to malicious intent:
The active lowering of the total cap and thereby the increasing of the impact of that convenient "bug" the devs abused to mine 2M coins in 1 day is enough evidence for malicious intent, afaic.
Normally as a dev you would try to decrease the impact of a bug, not increase it. So in my eyes clear malicious intent
yep rising the cap 2 million to be spread over first 100000 blocks would have been a much better way to fix the “error”
June 08, 2023, 09:01:19 AM
June 08, 2023, 08:36:38 AM
If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve? I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.
They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below
Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39 BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC
There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.
looks convincing... so it seems 0.6M BTC belong to the CCP
June 08, 2023, 08:32:46 AM
If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve? I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.
They do. But I am not sure how I can verify it. You can check it from here https://www.binance.com/en/proof-of-reserves
Instead of checking their own claimed proof of reserve, I collected their Bitcoin Wallet data. Check the data below
Address 1- https://blockchair.com/bitcoin/address/34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo 248,597.39 BTC
Address 2- https://blockchair.com/bitcoin/address/38Xnrq8MZiKmYmwobbYdZQ5nnCbX1qvQfE 117,351.06 BTC
Address 3- https://blockchair.com/bitcoin/address/38DN2uFMZPiHLHJigfv4kWC9JWJrNnhLcn 40,041.05 BTC
Address 4- https://blockchair.com/bitcoin/address/bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h 38,802.05 BTC
Address 5- https://blockchair.com/bitcoin/address/3LQUu4v9z6KNch71j7kbj8GPeAGUo1FW6a 37,926.98 BTC
Address 6- https://blockchair.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6 37,326.42 BTC
Address 7- https://blockchair.com/bitcoin/address/3FHNBLobJnbCTFTVakh5TXmEneyf5PT61B 31,275.35 BTC
Address 8- https://blockchair.com/bitcoin/address/3Qxak1CZhLyZ7GVckKphLURdLBCjMfz9bA 17,669.23 BTC
Address 9- https://blockchair.com/bitcoin/address/34HpHYiyQwg69gFmCq2BGHjF1DZnZnBeBP 16,306.63 BTC
Address 10- https://blockchair.com/bitcoin/address/36zSLdRv1jyewjaC12fqK5fptn7PqewunL 10,031.96 BTC
Address 11- https://blockchair.com/bitcoin/address/3EbJfpmFgufYtzW9UFvf1GAfm2ted1Rwnr 3,821.08 BTC
There are a few more addresses currently holding less than 3000 BTC each. These are the major Wallets currently holding 599,148 BTC.
All of them are on-chain. They also hold some Shitcoin like wrapped Bitcoin, Bitcoin on BSC chain etc etc.
June 08, 2023, 08:22:52 AM
Sorry, no. What I wrote was absolutely correct:
I said 55% go in the community fund and into the staking system. (so 10% for the community found and 45% for the masternodes)
I said 55% go in the community fund and into the staking system. (so 10% for the community found and 45% for the masternodes)
45% of new coins produced are staking rewards to do with whatever the masternodes please, they don't go "into the staking system." You don't get more rewards for having over 1,000 DASH as masternode collateral. The constant sell pressure of masternode rewards is actually what is regularly blamed by the Dash community for dragging the price down.
We can twist words
I wasn't trying to "twist words," I just thought you'd appreciate knowing how it actually works as opposed to what you claimed.
I'm not really interested in defending Dash but when claims of "scam" are made they should be backed by evidence of malicious intent.
Thanks.
I think I know how staking works. But English is my third language, so please forgive my technically incorrect expression.
But I hope that we can agree that 55% of new coins go to the stakers (in my words, "into the staking system") and to the community fund (10%).
And the staking is one part that makes Dashit a security (apart from an organisation behind it and other stuff)
With regard to malicious intent:
The active lowering of the total cap and thereby the increasing of the impact of that convenient "bug" the devs abused to mine 2M coins in 1 day is enough evidence for malicious intent, afaic.
Normally as a dev you would try to decrease the impact of a bug, not increase it. So in my eyes clear malicious intent
June 08, 2023, 08:03:26 AM
June 08, 2023, 07:59:48 AM
You should not be surprised. The Bitcoin users (Us) should remain anonymous. But, we are the people who give the chance to Binance for doing shit. People Compromise their Privacy to them just to use their service while they are not a real P2P Platform. They have become a giant and can control the Bitcoin market if they want. If the 1K Bitcoin Movement can affect the market and it goes down by more than 10%, How much Market will it go down if Binance sells its Half Million Bitcoin? Not your keys, not your coins. Binance users won't be able to do shit if they become bankrupt. Binance becomes a Giant, and they can control the market if they want.
Look at the comparison of Bitcoin Volume of the last 24 Hours.
99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters!
Look at the comparison of Bitcoin Volume of the last 24 Hours.
99% Trading volumes on the Centralized market. We are the people who gave them this power. You cannot deny that Binance news even matters!
many pushed Binance to where they are today
but not everyone uses Binance.
with all their shitcoin p&d schemes they were shady from the get-go
If you think it's me and some others, who can trade 22% of the Total Trading volume on Binance, then it's me and some others.
These are ridiculous stats. Bitcoin 24 Hours trading volume on CEX was $24,274,100,680. While only Binance users traded $5,299,047,621. 22% Of total trading volume. However, I did not count tons of small trading pairs.
Binance Still holds half a million Bitcoin. If something happens with Binance like FTX, be ready for a massive crash.
Eventually, BTC will recover. But people who lose their funds are unlikely to recover their losses.
Data Collected from;
https://www.coingecko.com/en/exchanges/binance
https://coinmarketcap.com/currencies/bitcoin/
All we can do is ask people not to rely on centralized exchanges.
People will still do it and ignore every warning you give them.
Honestly, I think that someone that naïve can't be protected. Even if every inch of the page had been full of warnings, he still might've fallen for it,
Two Months ago, I wrote an post about centralized exchanges TOS.
You may find it interesting; Do you know what is hiding behind Centralized exchanges User Agreement?
you are right. I adjusted my wording. Initially, I wanted to poke you a bit because you said "We are the people who gave them [Binance] this power", because I think there are a lot WOers who would never use stupid "Crypto"-Casinos like Binance (me included).
But I decided it might come off a bit offensive so I changed my post. (Yes I try to be sensitive from time to time
) I'm totally with you though. Too many idiots shuffled too much money to these Casinos...
I think one of the reasons is that it's easier to interchange coins and fiat on a CEX compared to a DEX.
Other reasons are gambling lust and laziness to store your digital assets by yourself (afaik only 10% of holders do self custody)
If Binance really holds 0.5M BTC this will always be a risk, of course. But did they do a prove of reserve? I wouldn't be surprised if they lied to everyone. But even then, FTX had almost no Bitcoin at all and the Bitcoin marked still crashed.
I think the best way to mitigate this risk is to push self custody... That will take some time as all this stuff is new tec and people need to get used to it... luckily every CEX fail will be positive for the self custody movement
June 08, 2023, 07:44:46 AM
What an interesting idea. Do you think it will catch on?
Sorry sir, I am deleting the post June 08, 2023, 07:04:56 AM
June 08, 2023, 06:19:22 AM
Eurozone Officially Enters Recession
The Eurozone GDP shrank for two consecutive quarters signalling the beginning of a formal recession. Following a revised -0.1% in Q4 2022 Eurostat reported a 0.1% decline in GDP in Q1 2023 compared to the prior quarter. The wider Eurozone has been impacted by the recession in Germany and the inflationary pressure that has an influence on household expenditure. However employment in the area grew by 0.6% in the first quarter of 2023.
The Eurozone GDP shrank for two consecutive quarters signalling the beginning of a formal recession. Following a revised -0.1% in Q4 2022 Eurostat reported a 0.1% decline in GDP in Q1 2023 compared to the prior quarter. The wider Eurozone has been impacted by the recession in Germany and the inflationary pressure that has an influence on household expenditure. However employment in the area grew by 0.6% in the first quarter of 2023.
June 08, 2023, 06:01:19 AM
June 08, 2023, 05:56:56 AM
Hardly! Money that can be earned right on your home computer? It even sounds ridiculous! Not even worth the attention!
Oh its Internet money now huh. It used to be until they took Bljatcoins from true early adopters .. Now look what these bittches made it its not worth mentioning like you say. Fuck this, they love third class And shunn first class. Pure idiocracy
June 08, 2023, 05:17:27 AM
Hardly! Money that can be earned right on your home computer? It even sounds ridiculous! Not even worth the attention!
June 08, 2023, 05:03:26 AM
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