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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4066. (Read 26712305 times)

legendary
Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
good luck with the ice storm.  Not much you can do...this recap from the 98 one is a good watch.  I still remember the horrowing sounds of trees falling everywhere day and night under the weight of the ice.
https://youtu.be/0ccTzHBUsYQ?t=1663
32:30 gives me chills
legendary
Activity: 3990
Merit: 4597
Just have trouble with the lack of trees & seasons...

it depends on the place...Texas is big.

Houston has a bewildering variety of trees..from oaks and pines (surprisingly) to palms.
Pines around here tolerate both 30F and 100F quite well.
Quite a lot of deciduous trees (losing leaves in fall/winter): crepe murtles, redbuds, silver maples.
It's just the Fall does not really start until November-December.
The city is VERY green overall.

I have a soft spot for Galveston too.  More the town than anything.  It might be the most terrible beach you can visit on the whole gulf, but it still has some charm Smiley

Houston gets a bad rep... and it is a big overstuffed, flat, hot city like Dallas... but you are right about the trees!

I like that little town too...the beach with it's muddy water-meh, but OK for a walk.
Padre Island and/or Corpus Christi-that's another story  Grin.
People can say whatever they want, but I like Texas, warts and all.
Been here about 25 years as well.
Will probably keep the house even when I retire and maybe get another house more north (or south!) and move seasonally.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Just have trouble with the lack of trees & seasons...

it depends on the place...Texas is big.

Houston has a bewildering variety of trees..from oaks and pines (surprisingly) to palms.
Pines around here tolerate both 30F and 100F quite well.
Quite a lot of deciduous trees (losing leaves in fall/winter): crepe murtles, redbuds, silver maples.
It's just the Fall does not really start until November-December.
The city is VERY green overall.

I have a soft spot for Galveston too.  More the town than anything.  It might be the most terrible beach you can visit on the whole gulf, but it still has some charm Smiley

Houston gets a bad rep... and it is a big overstuffed, flat, hot city like Dallas... but you are right about the trees!
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

I have to admit, I have often thought TX would be a good place to settle if the Leftist loons continue their slow progress towards making this place another high tax high crime shithole. Just have trouble with the lack of trees & seasons and the fact that so many of your highways are 100ft off the ground! At least it seems like recent moves are going in the right direction as far as seasonal weather, but that makes it even more urgent that you address those highways! It's disconcerting to see the road waving in the wind as you're merging into traffic, but add in icy conditions and flying cars will quickly become an unfortunate reality! You have so much space! Why the hell must you have 5 overpasses stacked vertically?

Buckle up and stay warm down there cAP!
Looking at the Weather forecast, I'm not seeing any problems on the horizon in your area... are they actually calling for something or is this just noise based solely on last year's "once in 100 years" storm?

It has been in the teens the last two nights.  Big deal down here.  I have opened my cabinets and dripped my faucets.  But I think we are past it now.

Indeed your thoughts about Texas are seeming true.  Their performance during the pandemic shows that in real time.  Texas took the pandemic seriously, but did not push to limit freedoms as badly as other places.  Still possibly too much for a period, but I personally can give a pass because we did not know what we were dealing with at first.  As we began to see what it was the restrictions began to fade in my state and that is a good thing.  I think in retrospect Florida (like Sweden)  was the clear winner as to policy and making the best choices.  But I think there was clearly some risk in that approach.  But I am quite proud of Texas.  It has weathered this better than many other places, as can be seen by the massive exodus of Californians to our state (boy if they start voting in the Gavin Newsom type nonsense it's gonna make other Texans pretty pissed lol).  i think the bitcoin stuff is just icing on the cake.

As to the beauty of Texas.  That's a mixed bag.  Almost all of Texas cities are built in fairly boring places.  And I live in the least beautiful of them all.  But Texas DOES have wonderfully beautiful areas (and a LOT of flat boring desolate areas). East Texas looks like the Southeast with pines and other wooded areas.  The southwest (El Paso to Rio Grande) is stark and desolate but super beautiful with areas that almost seem like they belong in Colorado (Alpine) .  The "hill country" where Austin is has some charm, as well as San Antonio which has it's famous river.  And parts of the Gulf coast (North Padre in particular) are gorgeous.  The panhandle (Midland to Amarillo) is a wasteland, and I would not suggest it for the nature, but Palo Duro canyon out there is like TX's own mini-Grand Canyon.  It's amazing.

So by sheer SIZE Texas has LOTS of beauty.  The problem is the distances you need to travel to see them!

I think the highway interchange you mentioned is what we call the "High Five".  It could really be SIX as there is a cool bike trail that runs under all of it.  WHY do we have that?  Because the only place I have been to that has traffic like the loop in Dallas did/does is Los Angeles.  That huge interchange is amazingly busy.  I don't know how much time Bob spends in Big D, but I imagine he can attest.  I have been here 30 years, and used to drive over that interchange BEFORE it was upgraded/enlarged.  It was some of the very worst traffic in the US... every day.  I have never noticed any swaying up there though.  Maybe I will now? Lol.

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

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 2744
Merit: 13647
BTC + Crossfit, living life.
legendary
Activity: 2520
Merit: 3038


I'd change that reed right now, or all you're going to get out of your saxophone will be a HONKING HONK (with strong Canadian accent possibly). Besides, $550 is WAY too much, even for a whole box of the best brand.
legendary
Activity: 2744
Merit: 13647
BTC + Crossfit, living life.
legendary
Activity: 3990
Merit: 4597
Just have trouble with the lack of trees & seasons...

it depends on the place...Texas is big.

Houston has a bewildering variety of trees..from oaks and pines (surprisingly) to palms.
Pines around here tolerate both 30F and 100F quite well.
Quite a lot of deciduous trees (losing leaves in fall/winter): crepe murtles, redbuds, silver maples.
It's just the Fall does not really start until November-December.
The city is VERY green overall.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 370
Merit: 451
Texas Senator Ted Cruz has invested into BTC

https://twitter.com/WatcherGuru/status/1489772282947985408


I have not always been much of a Cruz fan, and I swear it's not JUST the Bitcoin stuff that  has won me over. 

Ted has an uncanny ability to come across as wonkish & unlikable, But if you can get passed his random reptilian facial expressions (which is helped by the beard) and his often overly rehearsed preachy tone... you start to realize he really does have a deep understanding of founding principles and history and he makes most of his decisions based off of his knowledge and his love for liberty.

But he is on the leading edge of politicians to be able to see why Bitcoin is not just WoW money that uses more electricity than Christmas Trrees or whatever...

In fact I am getting prouder of my state in general as being on the leading edge of this in the US (not discounting good old WY and AZ)

https://www.cnbc.com/2022/02/03/winter-storm-descends-on-texas-bitcoin-miners-shut-off-to-protect-ercot.html

https://financialpost.com/fp-finance/cryptocurrency/texas-governor-abbott-turns-to-bitcoin-miners-to-bolster-the-grid-and-his-re-election

I am super stoked to hear this message is starting to get out! The ability of Energy Providers to monetize excess/waste energy in more remote areas, then instantly send that money anywhere in the world to bolster/subsidize energy production in areas that are overwhelmed or overtaxed can act as a buffer to smooth out the high-cost bubbles. Having capital & resources to mitigate changes is a far better strategy than trying to stop all the freight trains at once to mildly slow the change.


So, we are in the middle of another North Texas Ice storm. (Hope everything is good at the farm Bob... you're getting a decent stress test for your plumbing! Wink )  And the people here have been experiencing PTSD from last year's "icepocalypse" as we called it.  I have kept this old part of my ~100 year old house as a good luck totem.



When it happened last year there was SO MUCH structural damage ALL OVER Texas that I am sure some plumbers are STILL WORKING a year later from damage that happened during that storm.  Our structures are not really built for the combination of 12f/-12c weather and power outages that basically cause the whole damn state to freeze at once.  We are built, rather for 9 month summers that go to >100f/40c (I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

The grid failures were actually caused by a greed explosion during the cold snap last year, but the whole state has been trembling over the last couple weeks preparing for THIS storm.  And the news has been very fear based over the last week until the last couple days where both local and national media has switched over to the "bitcoin miners are saving the grid" narrative.

It is a sight to be seen.  On top of that we have several gubernatorial candidates (including the incumbent) making Bitcoin a plank in their campaigns. Including a couple challengers saying one of the first things they will do is make Bitcoin legal tender.

Still the most mind boggling thing is the amount of "normie" media talking about Bitcoin saving the grid this time... AND the clarity and extent to which they are GETTING IT.  The articles are not as stupid as Bitcoin articles usually are.

Unfortunately I cannot see this lasting forever...  The powers that be in government and the media will not take well to this amazingly sensible narrative and will shift back to their "boiling oceans"/"more than Norway" bullshit pretty soon, I am sure.

But Cruz, and several other TX politicians are GETTING IT.  They see why Bitcoin is important.  Even some of the nuanced stuff like how it will help the energy sector.  With TX being the energy capital of the USA it makes perfect sense that we will also become one of the mining meccas.  We have such expansive space for large solar/wind farms that can be justified by a base demand of Bitcoin mining.  This is going to be explosive growth here.

As a synergistic corollary the amount of Bitcoin Illuminati that have descended on Austin (for some reason??? but it has been a Bitcoin locus since ~ 2011) is also helping push this as the government also realizes that Texas is becoming one of the states that is attracting the industry in multiple ways.

Mind boggling for me to be watching this happen, frankly.

I have to admit, I have often thought TX would be a good place to settle if the Leftist loons continue their slow progress towards making this place another high tax high crime shithole. Just have trouble with the lack of trees & seasons and the fact that so many of your highways are 100ft off the ground! At least it seems like recent moves are going in the right direction as far as seasonal weather, but that makes it even more urgent that you address those highways! It's disconcerting to see the road waving in the wind as you're merging into traffic, but add in icy conditions and flying cars will quickly become an unfortunate reality! You have so much space! Why the hell must you have 5 overpasses stacked vertically?

Buckle up and stay warm down there cAP!
Looking at the Weather forecast, I'm not seeing any problems on the horizon in your area... are they actually calling for something or is this just noise based solely on last year's "once in 100 years" storm?
legendary
Activity: 3794
Merit: 5474
I get your point... But do we really think Banks, which may end up holding large amount of Bitcoin are going to park it in single sig addresses?  That would be incredibly foolish.  But as I said, your point of them wanting to have total control... yeah... I get that part.
No, of course in the back office they will have proper cold storage and high security protocols like they should, that would probably involve multisig wallets in the mix.

I'm just referring to what they will expose to the public end user.

A sitting senator bought a whole corn!  (Ovbiously)  What do you mean that is not much!  Now the other senators will start to want one... and then they will start reading about it... and then some (like that one) will begin to see...

Translation: A sitting politician publically bought a tiny amount of bitcoin as a gesture of support, but in private his family bought a fuck ton years ago through shell corps.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

What you guys think?


I think you probably need some sleep.

That is so freaking true…!!!

I think new $40k feeling is overwhelming.

To be clear, there will definitely be borrowing and lending in a Bitcoin world and there will probably be a role for bank-like entities but this idea that your money is "in the bank" like it's sitting in a vault somewhere and you can always access it any time has to end. I mean, haven't people seen "It's a Wonderful Life"?

The tell about banks holding your btc is that they will inexplicably NOT allow you access to a multisig wallet. You may have access to an account with a btc balance, but it will be single signature and behind the scenes they will have the private key and you won't.

That will tell you everything you need to understand about fractional reserve bitcoin banking. Not your keys not your coins, indeed.

I get your point... But do we really think Banks, which may end up holding large amount of Bitcoin are going to park it in single sig addresses?  That would be incredibly foolish.  But as I said, your point of them wanting to have total control... yeah... I get that part.
legendary
Activity: 3794
Merit: 5474

What you guys think?


I think you probably need some sleep.

That is so freaking true…!!!

I think new $40k feeling is overwhelming.

To be clear, there will definitely be borrowing and lending in a Bitcoin world and there will probably be a role for bank-like entities but this idea that your money is "in the bank" like it's sitting in a vault somewhere and you can always access it any time has to end. I mean, haven't people seen "It's a Wonderful Life"?

The tell about banks holding your btc is that they will inexplicably NOT allow you access to a multisig wallet. You may have access to an account with a btc balance, but it will be single signature and behind the scenes they will have the private key and you won't.

That will tell you everything you need to understand about fractional reserve bitcoin banking. Not your keys not your coins, indeed.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
(I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

Given the rest of the content of your post, the science of when water freezes might be considered fairly relevant. In truth, both are arbitrary and fine

I am poking the bear with that.  But I do also mean it...  As I said C is better for science (and cooking which IS science really) for sure.  0=freezing 100=boiling.

But 0-100 in F represents a (less exact) useful range of general temperatures for the outside environment with better granularity in between at the unit. 0=cold as hell and 100=Texas.  with 60-80 being a nice 20 point comfort zone.  But you only get about half the whole number granularity with the "science numbers".

If we can only have one scale its Celsius all day long, obviously... but the good old fahrenheit still has a place, I think.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
(I am translating from the sensible fahrenheit to the non weather sensible celcius for you Europeans and lovely brave Canadians (HONK), although I agree the US are cavemen as far as the metric system goes F is just better for weather, while C is great for science or cooking.. anyway never mind that).

Given the rest of the content of your post, the science of when water freezes might be considered fairly relevant. In truth, both are arbitrary and fine
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
In the range of purchasing (holding) $15k to $50k.... that's not very much BTC.. and I suppose reporting holdings/transactions as a range serves the purpose of disclosing (because he is a public servant) while preserving some privacy.

A sitting senator bought a whole corn!  (Ovbiously)  What do you mean that is not much!  Now the other senators will start to want one... and then they will start reading about it... and then some (like that one) will begin to see...

And then...

The move in politicians with some of the trailblazers getting into this is awesome to watch.  It's not that the politicians ultimately matter to Bitcoin... but having a growing number of them on our side?  That is good news.
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