Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4008. (Read 26713621 times)

Explanation

Putin holds meeting with Security Council
https://www.youtube.com/watch?v=gJIowCeNPds

I just finished watching this on RT (it was live a few hours ago), brief summary:

One minister mentions the Minsk Protocol has failed for 8 years straight. Lavrov talks about the failed recent negotiations with NATO countries who ignores the Russian proposal, they all repeat the same talking points as USA about Ukraine having the right to be a NATO member, effectively ignoring all other points in the proposal. The Russian ministers all agree to recognize Luhansk and Donetsk as Russian territory and defend the people living there as Russian citizens from the attacking forces. The Duma also agreed to recognize Luhansk and Donetsk with majority of votes. Two ministers wanted to give Blinken (and Biden) one more chance to negotiate in a few days and then move in if nothing is decided during that meeting, the rest of the assembly think it's tactics to stall further while the regions are under attack. The ministers are aware of the sanctions but have endured those in the past, protecting the Russian population in Ukraine (roughly 4 million total) is more important. Putin closes the meeting by saying he will take their arguments into consideration to make a decision.

I recommend watching the whole thing if you can bare the poor translation (dub).

Holodomor
Famine



https://en.wikipedia.org/wiki/Holodomor

They have immunity to all trade sanctions. Russia doesn't want to feed 40 million people of a bankrupted country like Ukraine. Let Anglo-Americans and their EU satellites feed them. Russia will just wait till West Ponzi collapses in full.

Bitcoin mining difficulty keeps climbing despite falling price
Difficulty adjustment block height: 723,744
Date of the adjustment: 02/17/2022
Average hashrate at the time of the adjustment: 200.19 EH/s (ATH)
Previous difficulty: 26.69T
Current difficulty: 27.97T (ATH)
Difficulty change: +4.78%
Miner revenue per hash per second (hashprice) after adjustment: $0.17
https://medium.com/lumerin-blog/new-all-time-high-bitcoin-mining-difficulty-keeps-climbing-despite-falling-price-bafa89e519d

Just want to nitpick here.  "The US" does NOT want this.  The current administration, yes, but there is a majority of us, for sure, who do NOT want this.  But I get what you are saying.

On a brighter note... THIS.  This is eventually cause a cascade, a virtuous cycle to kick off.  Will it be this time?

Maybe!  I'd give a 20% chance.  But it will eventually.

Explanation

To my understanding, Russia will not be invading Ukraine, because they would not be able to survive the trade sanctions levied against them, as a result.

I don’t think Russia are going to invade Ukraine. I think the US wants a war to happen & there are multiple reasons for that, mostly all to save their struggling economy & to justify reckless money printing & inflation. All I know is that long term BTC HODLER = not affected.

I have to admit I feel like the entire Ukraine event could be a slight of hand sort of "Look over here!! And pay no attention to the invasion of the country to your northern border by troops and police with their badges and insignia covered!  Really... that's just because of the evil truckers... oh and by the way we are going to make the emergency act permanent."

The Ukraine issue is extremely important, for sure.  But what is happening in Canada is at LEAST a DEFCON 3 level event as far as US national security goes.  The country to our north is undergoing a Communist revolution.

Unfortunately we may soon be dealing with both of these at the same time... throw in action in Taiwan, and well... the fuse is more than lit.

You know... I brought up the living generations in a previous post.  But there is one who is frighteningly absent now.  The generation that would see this for exactly what it is, and where it leads, because they would see history repeating itself.  Sadly these men and women are (nearly?) entirely dead.  And probably a lot are rolling over in their graves.

I am, needless to say, worried.  A lot.

The liquidity is still there; it just disappears when you look at it. 🧐🍷 🥃🥃🥃

I don't make the rules.

For sure, I can appreciate the wanting to dabble, technical geek nerdiness, getting your hands on the nitty gritty underlying and just the various exploring aspects of your approach.  I have some of that history in me too - yet for me personally, by the time I got into bitcoin, I was really aiming at becoming more mobile which also including shedding some business ventures that I was then in - so even though I did not completely achieve my goals of getting rid of as many material/property possessions that I have (because I still own a bit more of those items than I had initially targeted), acquiring more computing equipment would have run contrary to the direction that I was then aiming - in 2013/2014 and several years thereafter - which also swayed some of my cost/benefit calculations.. I do believe that several aspects of the running of nodes and knowing about node options can be pretty valuable to a lot of bitcoiners..

Any of us can suffer difficulties in choosing how much of our cashflow that we dedicate to hobbies, businesses, and sometimes something that had been fun becomes way too much work in terms of both causing us to be spending our time and our money in ways that we might end up figuring out is not working to our favor.. which was one of the ways that my own personal business ended up playing out, and then once we recognize the sound money angle of bitcoin, then we still have some balancing considerations regarding our living expenses, our business expenses (and maybe even entertainment) and how to calculate how much we are keeping in bitcoin.. and I recall that in some earlier post that you had mentioned that you had monitored the level of bitcoin that you were stacking away and holding aside.

I had mentioned before that in early 2015, I had several unexpected business expenses that were putting demands on my business.. and I spent some time negotiating and renegotiating the payment timeline of several of those debts - and the BTC that I had accumulated up to that point constituted a pretty decently-size emergency fund, but if you recall bitcoin's price performance in early 2015 had put my own BTC portfolio largely between about 36%  and 40% of the amount that I had invested.  So even though several folks were strongly suggesting that it was not good for me to be keeping that value in bitcoin, I should be dipping into some of that money during my cashflow stressed times.. and even though there were around 4 months that I was not able to buy much if any bitcoin, I did not sell any either.. and then slowly I trickled back into accumulating small amounts of bitcoin.. after the worst of my crisis was over.. so I had my cashflow trajectored out and so if I had any extra cashflow come in.. even $20, I would spend half of that to buy bitcoin and put the other half into my business cashflow... it worked out for me for the whole of 2015 because I was still able to buy some bitcoin during that time.. even though I was completely in a kind of cashflow crisis situation for a few months...

So part of my point is that there can be difficult times in terms of recognizing which assets might have ongoing potential for appreciation and also making sure that you are not spending from any assets that are not in profits.. and sometimes easier said than done when various cashflow sources might dry up and/or some expenses suddenly become higher than anticipated.


It seems to me that there is a cyberwar angle that the USGovt and some of the powers that be want to play too.  I am not sure how it is going to play out, but even if they cannot get the Ukraine matter to start to provide some excuses and games and distractions.. the cyber attacks angle can be played quite a bit, too.. to take away more freedoms and blame it on the ruskies...

Explanation

I'm following the discussion from the sidelines while I wait for the gear to wet my toes.
Just a suggestion: adding a tag that can be useful for searches, please? Bob's #LNMETA is perfect.

https://twitter.com/Tether_to/status/1495709553010397185

Amazingly annoying oscillations recently (this is 15m candles)



I am wondering if maybe the Exec Order on the horizon is causing some of these dogfights...  hmm.

Keeping on topic as best i can in this regard... I think the atomic swap functionality with Monero is a special case sort of arrangement that has HUGE benefits for Bitcoin.

The tradeoffs that Monero makes to achieve the level of privacy it does are tradeoffs I think would be a mistake to add to the Bitcoin base layer even if there was a way it could be done, which I am also doubtful about.  An obfuscated base layer has complications that would likely make Bitcoin actually LOSE some of the features that the design choices that Satoshi wisely made.

Atomic swaps with the defacto privacy chain adds all the benefits Monero has without taking on any of the downsides.  Now... It is not impossible for a pegged side/drivechain to take the Monero tech and replicate it, as LIQUID has in small part by implementing (only) Confidential Transactions.  And in fact the people on the OTHER SIDE of the trade are the ones taking the risk as they can count on getting tainted coins eventually.

But if you need to do a transaction that has the absolute BEST CHANCE of being private then why would you take chances with anything else.  Like that the transaction privacy protects your life.  I honestly think this relationship will continue to be an advantage for both chains for a very long time.

I actually think a lot of the features being test-bedded on ETH and MATIC etc are going to come to a native Bitcoin sidechain like Liquid, and I think a (very) few other chains will interact with Bitcoin via atomic swaps without the ridiculous risk that comes with something like ETH.  Making bulletproof (no pun) atomic swaps between BTC/XMR is a isolated single purpose design.  I think these are the correct ways to go rather than the kitchen sink kinds of designs in the big block smart contract chains.

Also, I think Satoshi himself strongly supported the idea of a FEW utility blockchains as COMPLIMENTS to bitcoin making sense (going back to the Namecoin discussions).

I humbly submit to my batslappening, and will not continue this thread... but one last time... I think we are headed in some good directions with some of this tech...

Explanation

Out of merits but I lol'ed  

EDIT Thanks Duuuuuuude!!