Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3625. (Read 26607462 times)

The roumors have it that monday might be a good bet.

You are absolutely new to this forum so you should read the rules of the forum well first. And this thread only discusses the price of Bitcoin and the updated news of Bitcoin. There are thread for newcomers to the forum. You can learn everything from there.

(Link: https://bitcointalk.org/index.php?board=39.0)

Explanation

I provide 4 Dogecoin, you send antminer via mail by Tuesday with only one lucky lucky womans by plane. Pleasures mine. The welcome.

Come quickly.

I hope you are not a bot. If not then GTFO. You are on the wrong board and moreover you are spamming mate.

Good job bro Thats good ..
Keep it up

But my case is. 🤔

Explanation

 Lately, Imgur wants to show me an advertisement (which never appears) before it will upload my image and I get stuck on that page.  The only way out of it is to hit escape and try again and there are times I have given up.  I'm not seeing that today though; no ads at all.

Interestingly enough, I see that Bitfury, have already rolled out a system which is in use today in conjunction with the gubermint of Georgia which does use BTC in a fashion for real estate registry. (It uses a private permissioned blockchain to collect all the data and execute the tx, and then publishes it to the Bitcoin blockchain for public verification)

So far has 300,000 properties supposedly recorded in this fashion.

"NAPR (which is charged with land registry in Georgia)  was able to provide Georgian citizens with digital certificates of their assets supported with a cryptographic proof (known as a hash). This hash was published to the Bitcoin Blockchain. This enabled the owner of the document to prove their legitimate ownership of the property by showing their timestamp. No one can alter the timestamp on the Bitcoin Blockchain, including NAPR.

Integrating this layer meant that information about a property title could not be altered, and that any attempted tampering would be equivalent to tampering with the Bitcoin Blockchain (making it publicly visible to everyone on the Bitcoin network)"

https://napr-gov-ge.translate.goog/udzravi?_x_tr_sl=ka&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

https://naprweb-reestri-gov-ge.translate.goog/?_x_tr_sl=ka&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc#/blockchain


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On another note, I decided last year that I would really like to travel to the country of Georgia, and spend some time there, given the 1 year visa free entry, and the interesting cultural melting pot that Georgia is, cheap prices of rent/food/wine etc, and the quality of awesome food and wine, and stunning scenery..... and to explore the rather interesting taxation situation especially for expats and especially for Crypto related business activities  


..... not sure if its rational or not, but the current situation in Ukraine has put me off/ made me postpone, does look great though.  

Apparently the rents in Tbilisi have recently tripled for available properties due to an influx of 40,000+ Russians... though I do wonder if the rents have gone up ...just for the russians, as some of the houses I saw , are the same price now as they were pre the Russia/Ukraine situation.

The problem with this, is that most of the people you mentioned answer to (or are legally bound to comply with) a central authority, i.e., the government. So, if the government someday decides to reverse a transaction (Patriot Act-style, for example), they can instruct/force all the nodes to do so, which defies the main purpose of a blockchain, i.e. immutability. For a blockchain to offer true immutability and decentralization, the nodes must belong to independent entities that do not answer to a central authority, and hence cannot easily collude to achieve a specific goal, that may be against the common good.

Bitcoin is the first and only blockchain that has achieved true immutability and decentralization, as proven by its performance for the entire 13 years of its existence, where no entity, however powerful, has ever been able to reverse or invalidate a single transaction.

Using a blockchain while having a 51% attack advantage on said blockchain, is a contradiction in terms...

That looks like some 12 angry men locked in a room kind of movie. Sounds fun to watch with friends and have a good laugh on how they torture each other.    

Go watch this if you didn't already: https://www.imdb.com/title/tt5114356/?ref_=fn_al_tt_1


*edit(): Don't worry, you can't get spoilers, no matter how many trailers or what random episode you watch.
I was around season 3 and I was like, WTF am I watching!??: https://www.youtube.com/watch?v=io_na-SqXxA

Short answer, the same people that currently pay to run and access the UK land registry. Which is the government, and those that use the services pay for services.

Part of the whole point of their planned fully digital transformation and automation (which may include a "blockchain" (R3 Corda))  is to REDUCE COSTS, and not just for the consumer, but also for the land registry themselves.

Few things to consider.


The UK land registry, for England and Wales alone, before you get into off shore complications, registers about 7.5 trillion in property, with somewhere in the region of £1.5+ trillion in lending secured against it.

It contains around 26 million+ titles, and they process around 3 million amendments a year, and around 19 million access requests a year.

(also worth noting that they paid around £5.3 million out in 2019/2020 alone in fraud and error compensation)

They have around 6,000 - 7000 in staff currently, yes, 6000 - 7000, and they are all housed in buildings/offices...  and all of them expect wages.

Lets just see ...  what do we suppose the current annual costs are ?   want to take a guess?
  

For ease lets just look at the staff and say that at MINIMUM they earn £20,000 a year across the board, let alone the managers etc... but anyway lets see , say 6500 staff X £20,000 = £130,000,000 a YEAR on STAFF alone, and in reality that figure is likely much higher due to higher pay grades...   ok, and then you have to house them somewhere...


Anyways, I had a quick look and basically their continued operating costs for a year are about £250,000,000

whilst they pull in income of around £320,000,000 a year

I am not sure if people imagine a quiet little office somewhere with an elderly clerk sat on her own processing a land registry request or two a day....
 

So, the idea I believe is that they partner with various established players within the industry , in conveyancing, legal, HMRC, banks etc... and these guys who participate will/can run nodes to support the chain, and so the cost will be shared by them (and they will reduce their margins, and increase their profit by doing so)  


The idea, that , it will be cheaper to maintain, than the current system(s) , more easily accessible, much much faster/streamlined, and far less prone to being gamed/defrauded.


Given their operating costs as they are, and their revenues... they have plenty of opportunity to trim their overheads, and that is in part their goal of becoming fully digitised and automated. Which will of course eventually reduce staff and operation costs (buildings and all the rest)



 Is this the same as running the land registry on the BTC or ..... another public chain..... or with NFTs?  

No


However, the idea would be that there will be some levels of interoperability going forward, and say a BTC investor could post collateral using BTC,  purchase a property through a crypto supporting mortgage company, and then purchase, and have recorded their title deed and the like on the land registry R3 Corda chain, and then later be able to call that record back and use it when they potentially want to fractionalise some equity in their property , and get paid in a crypto... R3 is interoperable.


Is any of this right this second using NFTS or a form of?, no, will it ever , maybe so.... maybe not, its not the most outlandish of ideas, and its hardly "science fiction, 100s of years in the future" , far from it, its quite a mundane , straight forward , easy to grasp , pretty intuitive, possibility.

 
ps that being said I would not be surprised if R3 is already using a form of "NFT" to record unique, non fungible assets within their ledger... and no I am not talking about a jpeg, pixel art "useless" NFTs, but rather "useful NFTs""

Huge mega poster at Zurich Airport spotted - by the same company who launched the Bitcoin tram in Zurich



https://www.reddit.com/r/Bitcoin/comments/u43g0c/huge_mega_poster_at_zurich_airport_spotted_by_the/

16th April, 2022

Market Cycle Charts -

Bitcoin Investor Tool: 2-Year MA Multiplier: Long timeframe investor tool to identify under/oversold price periods.


200 Week Moving Average Heatmap: A simple heatmap system based on movements of the 200 week moving average.


The Puell Multiple: Relationship between daily bitcoin issuance and price.


Stock-to-Flow Model: Ratio of bitcoins in circulation relative to the amount of bitcoins annually mined, and this ratio's relationship with price.


Fear And Greed Index: Market sentiment tool gauging investor fear and greed over time.


Pi Cycle Top Indicator: Moving average and moving average multiples to pick market cycle highs to within 3 days.


On-Chain Charts -

1Y+ HODL Wave: View of the percentage of coins HODL'd on the blockchain for over 1 year.


MVRV Z-Score: Pulls apart differences between Market Value and Realised Value to identify market cycle highs and lows.


RHODL Ratio: On Chain Indicator using Realized HODL Ratio’s to identify cycle high price tops.


Whale Shadows: Onchain tracking of old coins moving again in large amounts.


Bitcoin Wallet Sizes > 1,000 BTC: Live chart showing the number of unique addresses holding at least 1,000BTC.


Source: https://www.lookintobitcoin.com/

Don't care . Please delete your misplaced nonsense

Explanation