Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5081. (Read 26630711 times)

Explanation

Yes.  Musk revealed two things.  He still does not understand Bitcoin really.  He has not really learned that much about BTC since kind of stubbing his toe on it.  His understanding of just about everything is rudimentary.  From one point of view this is understandable.  But from another it is really not.  He is supposed to be aspergers-geniusy. And he has OUR shoulders to stand on to understand.  Saylor had the same road and got it in months, if not weeks.

I do think one of the hardest things about understanding BTC is the tech tradeoffs and the risk involved in rebalancing them.

He made the argument that if small blocks are important then why aren't we making them smaller?  And then laughed that off as if he had made some deep point.  I think all three others mentioned that this has been something some part of the community has actually advocated for.

Thing is, I actually agree that Bitcoin could probably benefit from bigger blocks.  And in MY humble opinion we might be erring on the conservative side.

But the bottom line is it does not matter how much bigger you make them. It just will NOT scale to the whole world without changing the tradeoffs.  We could make blocks 100x bigger right now, and that would most DEFINITELY damage bitcoins decentralization, but it would barely scratch the surface for what we would need to serve even just 1 billion of the worlds population.

Among our (elite) group here we do not even agree on this topic entirely.  But Elon is not making an informed or intelligent Big Blocker argument.  Instead he just reveals that he is making assumptions that he does not understand the implications of.

He would not matter at all, if he did not matter so much   He is revered by many and wields a lot of power... so his whole DOGE sidetrack does actual real damage.  So, because of that:

Screw him.

Explanation

I like dinosaur looking charts. I wasn't the only one seeing stegosaurus.

 Somewhere over the rainbow
Way up high
There's a land that I heard of
Once in a lullaby

Someday I'll wish upon a star
And wake where Ichimoku clouds are far
Behind me
Where troubles melt like lemon drops
Away above green dildo tops
That's where you'll find me...

That's Alan Tracy, and you are all showing your age.

Thanks for the nostalgia.

No x2 for Chart Buddy.


Looks promising, will buy $1000 worth more.

Explanation

Stegosaurus Under a Rainbow


Bitcoin will reach $75k in September here’s how
https://www.reddit.com/r/CryptoCurrency/comments/op6xvs/bitcoin_will_reach_75k_in_september_heres_how

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I could have stopped chatbuddy after two but wanted to see who else is monitoring this and yes it’s you!!

Gonna have to stop ChartBuddy getting 5 in a row.


**Please wake up soon, honeybadger**

Explanation

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Few important and not so important highlights

1. "My hope is that [Bitcoin] creates world peace or helps create world peace," Dorsey said.

2. "I might pump but I don't dump," Musk

3. "The Doge community is irreverent and has great meme, love dogs and I love dogs and memes," Musk said.
Seriously what does it mean?

The topic of the discussion was Bitcoin, but what I felt Musk was answering everything involving shitcoins and intentionally using word “crypto” and “cryptocurrencies”.

Even during the last question about “Future of bitcoin” Elon started his answer with “cryrpto currencies”.

Explanation

Good luck!!

Explanation

The entire FUD thing against BTC was plain stupid from the start. People are dumping their life savings due to a Communist Party telling them Bitcoin is damaging, lol. Where's the logic? Or, should I ask.. is there ever a logic in the actions these kind of people make?

If what communists say manipulates you (not you, aysg76) this much, you should reconsider your investments and plans lol

China kicking out miners because they claimed that they consumed high electricity and and some other shitty excuses like not environment friendly and carbon footprint generated a lot other things are ignoring how much collateral damage they are doing to th environment?

See this news and what's their stake on this one?



They have damaged aquatic life and making industrial development and building projects over wildlife and don't utter a word about these things at all.The only thing is they don't want any other money mode to take over the control as we all know Chinese communist party is against freedom and how could they let btc grow.But at one point it won't matter as now mining activities are more scattered and this will help hashrate not centrally allocated.China should first look at what it's doing to the the environment in name of infrastructural growth and leading the world economy but at what cost?