Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3591. (Read 26723650 times)

Explanation

Remember this bullshit from them just last year?

JP Morgan explains why Ethereum is outperforming Bitcoin
https://finance.yahoo.com/news/jp-morgan-explains-why-ethereum-134546824.html

Pepperidge Farm remembers.

JPMorgan backs Bitcoin to rise 28% and says cryptocurrencies are now its preferred alternative asset.
https://www.businessinsider.in/cryptocurrency/news/jpmorgan-backs-bitcoin-to-rise-28-and-says-cryptocurrencies-are-now-its-preferred-alternative-asset/articleshow/91791770.cms



Its preferred alternative asset rather than buying real estate?, Loz they tend to flip flop sometimes and that's so shocking to me , the CEO Jamie Dimon is still no fan of Bitcoin and crypto yet he's letting he's company get involved in Bitcoin and crypto  , Yes they're the biggest bank in the world and they said something positive about Bitcoin today but Bitcoin does not need endorsement from JPMorgan to be there.

Bingo.

Btw, American colonists were all armed to the teeth, multiple guns in every household... but no mass school shootings. Huh?

Yeah, but let's not address today's youth mental health crisis in America, let's just take away everyone's right to bear arms instead. That will fix everything.  

That was what the second amendment was supposed to be for. Funny how that worked out.

hodl this chick for ever

WEF Speaker: We’re Working On Tracking You




https://youtu.be/_j1d_2yTRRA


Fresh off the press from Davos


Make you happy anon ?

Explanation

That's what I was thinking.

A kind of foreplay with dee bulls.


Yes.  I do find the potential for Turkey to be interesting.. 80 million people is not a small number.. but sometimes governments have difficulties recognizing how bitcoin might help them.. in a kind of El Salvador way.. and don't get too distracted into shitcoins.

Something could happen with Turkey.... Or it could end up being a BIG nothing burger, especially since Turkey has its own currency.. unlike El Salvador which has been largely (and nearly exclusively) using the dollar in the past 20 years or so..

Still to be determined if there might be some positive news in that.. Of course, some of us heard some rumblings about Mexico and Honduras and even Guatemala.. but still?   there are likely more and more countries who have various members in their government who are either getting exposure to bitcoin or having some of their constituents raising potentially pro-adoption kinds of issues about bitcoin.

thanks yeah i think young for a 65 year old.

lived a interesting life so far.

hoping to break the record in my family for men which would be 93.

I am going to say that your mentioning of Tether in the way that you did and then further into your response too..  got me a wee bit worked up...

In other words, I don't accept those kinds of seemingly inadequate frameworks about Tether influencing the negotiations in regards to bitcoin..

Bukele did not adopt Tether.. He adopted bitcoin... so it just sounds strange to be wording some kind of Tether negotiating team.. as compared with a Solana negotiating Team.. ..

For sure, Solana would have been a bunch of fucktwats.. and maybe somewhere along the line Bukele would have figured out with Solana that he was dealing with snake-oil salesmen rather than the real deal.. .. so yeah the real deal is bitcoin.. and neither Solana nor Tether..  

so fuck that idea about a supposed Tether marketing team as an influencing factor or a framework in regards to how Bukele was thinking about the matter.. .. makes it sound that bitcoin has a marketing team too..

It just does not sound right to be making those kinds of sloppy presentations regarding what is going on in El Salvador or how bitcoin got started there because even though Tether can be used for on/off ramps in bitcoin.. we are still talking about Bitcoin and even some of the then innovations of lightning network in terms of what was adopted in El Salvador - not Tether.. so it just raises my own hackles to have a presentations that make it appear as if the tail is wagging the dog... if you know what I am trying to say here (and yeah maybe you (Lucius) disagree... especially since you are the one who brought it up, and emphasized it and even seem to be getting the idea of stable coins mixed up by lumping them all together.. as if Tether is the same of the several stable coins that followed including that easy picking Luna/Terra obvious scam that was likely never really intended as a serious project than as a form to actually rug pull)?

Even though I am not against Tether.. but the framework for bitcoin coming into El Salvador seems to be the one that they presented at the June 2021 Miami conference..... which was that increasingly bitcoin was being used in the Bitcoin beach area, and likely discussions with Jack Maller were more important in terms of figuring out how transactions in bitcoin could be facilitated so easily and cheaply through lightning network.. and they were already doing it in the El Zante beach area (bitcoin beach).. because that is how Bukele was introduced at the Bitcoin Magazine conference in Miami in June 2021... that frame regarding realizing how much remittances were being lost and that 70% or so of El Salvadors were unbanked seems largely accurate in terms of motivating getting banked through bitcoin into El Salvador and how practical the lightning network was in terms of cheap and fast transactions.  

Tether seems to be quite incidental in this El Salvador decision to adopt and ongoing adopt and implementation story.. rather than any kind of meaningful focus of what is happening.


Something seems to be quite different in the way that you are thinking about this as compared with me.. in some kind of implications of nefarious angles, and I don't have a problem with that.. but I do seem to be taking Bukele way more at his word than you, and no I don't expect 100% showing of the agenda anyhow.. but there are surely degrees to which some politicians (and people) are more sincere than others, so I am not going to just lump everyone together in terms of how believable I find them to be in terms of their actions and their words and/or what might be unstated (or hidden).. including that I believe that Bukele's recent interview with McCormick seems to show that Bukele has decent intentions.. and for the most part, I don't believe that he is doing any kind of snowjob but actually grappling with the balancing of matters including the reality that he likely has people who want to kill him, too... while he is actually trying to make an decently honest difference in terms of going down the bitcoin path and considering that the bitcoin path brings a lot of benefits to people in terms of objective monetary standards that are revolutionary in a variety of ways.



Fuck tether bashing.. it is less relevant to this story.


So what.  El Salvador adopted bitcoin and lighting network.. Tether is an incidental part.


Mostly does not matter to what we are discussing here.


Again.. Tether is incidental... and sure there are various stable coins being used as attack vectors on bitcoin, and I doubt that tether is one of them.. even though surely there are likely attempts to co-opt it (maybe even successful).. but still tether is incidental to this El Salvador adoption of Bitcoin and lighting network.


Terra Luna was a big ass scam from the start and it is becoming way more obvious after the fall out for sure.

Tether is not the same as that terra luna scam.


There's already been pretty god damned big investigations of Bitfinex/Tether including that they had about $800 million stolen from them.. likely with the US Govt/NY Attorney general complicit in that and then after the coins got stolen then they claim Bitfinex/Tether not sufficiently backed.. yeah the fucking Govt dweebs took the money and then blamed Bitfinex/Tether for that...

I would have thought that you would have gotten over some of your concerns about Tether with the NY AG settlement of that matter more than a year ago.

Explanation

Too bad you are using Windows.     

Looks more like they are getting prepped to be fucked to me!

Finally upgraded my LN Node to "LND 0.14.3-beta" and bitcoin-cpre 23.0

Was worried about database conversion issues as i was coming from 0.13 and there were many updates in between. Wasn't sure if i needed to step the upgrade or if i can go straight to the latest version. Documentations didn't mention anything about this, If needed to upgrade to 13.8->14.0->14.1 etc etc, so i assumed i didn't have to! We straight to the latest one!

Have also activated TOR and now running in Hybrid Mode. Both ClearNet and TOR! Which means i can finally initiate connects without having to ask TOR Nodes to add my node as a peer!

Makes participating in channel swaps more seamless!

Although one thing i have noticed, adding a peer via TOR is slower... not overly slow, but noticeably slower than ClearNet...

Routing seems to be very inconsistent over the last 2 weeks and the amount being router seems more consistent with someone spending (1,000 - 10,000SAT) rather than someone re-balancing (100,000+ SAT)... (i am assuming this, no real proof... but if it is, that a good thing!)

A few tips...

Compact your LN database.... use the following in your lnd.conf..

#[bolt]
db.bolt.auto-compact=true
db.bolt.auto-compact-min-age=0

Backup Backup Backup!

Store your unlock password somewhere! You are not going to memorize it! especially given the fact you only have to enter it when you restart your LN node... which in my case is almost never!

If you are looking at a hybrid model, and you have a minimal install of Linux... make sure you install tor daemon!!

LN Node Capacity: 430,447,220 SAT (~4.304 BTC)

Might follow bob and throw some more coins at it!

#LNMETA

Explanation

Welcome to the Double Digit Bitcoin club! You are part of the double digit bitcoin club now?...

So you've bought 10, 20, 30 or 100 Bitcoins? You did go all in right? I mean with your superior TA skills and all... I hope you borrowed and max out all credit cards to #BTFD!

Remember that the "news" is generally filled with sensationalism and clickbait generated by a faction of elitists with a clear agenda. There are thousands and thousands of untold stories of lives saved for every tragic event promoted by the MSM.

A key element often misunderstood by those not deeply acquainted with the nuance of 2nd amendment rights:
Laws only restrict those who abide by the law. In every instance, mass shooters are breaking the law. (Murder is in fact a Federal crime) The least of which being that in most cases their weapons are either illegally obtained or modified. Gun laws don't inhibit lawless monsters, they only restrict law abiding citizens in what they can do to protect themselves. But in all cases, a mass shooter is stopped instantly when they come to a good guy with a gun. There's a reason why a great majority of these events occur in "gun-free zones". Lunatics on a murder rampage, looking for their 15 minutes of fame, really don't want to take a chance on having a gun pointed at them before they get started good.

WoW! Your voice is still heard so young (Judging from your YouTube video). I already guessed your age from your username after someone said you have already said it before. I thought only teenagers became Bitcoiners and most of the Bitcoiners were under 45y. I am glad to know that our community have a strong pillar like you. Long live Phillip M.A

Glad you don't even know what TA Means. If you think ChartBuddy presents you a pie of TA, you better stop eating a pie.