Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6274. (Read 26708284 times)

legendary
Activity: 3794
Merit: 5474
Reasoned piece in NYM: https://nymag.com/intelligencer/amp/2021/01/why-is-bitcoin-making-new-all-time-highs.html?__twitter_impression=true

Key quotes:

Quote
The entrepreneurs working to make cryptocurrency easier to acquire, hold, and transact with have been working diligently to improve this financial plumbing in anticipation of a full-scale monetization event. Today, it seems that this moment may be upon us.

Quote
The first time, your interest may be piqued, but you are wary of buying into something that looks like a bubble. The second time, you realize that what you mistook for a bubble was in fact a cyclical process in a longer-term trend.

Quote
Personally, I think the story is far from done and that this revolutionary digital asset still has a long way to run.

Good stuff. Don’t sell cheap  Grin

Can't wait to read the MSM headlines 20 years from now:

"Bitcoin still in a 30 year bubble that's about to burst"


"Bitcoin plunges 20% to just under $5,000,000 within minutes, now in a bear market"

"Peter Schiff says Bitcoin still going to zero, buy gold"
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor

... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.

  Come on marcus!  You're far too serious about your right to free speech to feel censored by the mere threat of Bob exercising his right to free speech.  Also, we're Bitcoinists - the very antithesis of sheeple.
  

take a look around dude, you surrounded by commie wannabe sheeples ... sheriffed by some gay drama queen who threatens a nervous breakdown if he isn't the center of attention continually having his feathers stroked ... it's a liberal paradise, that smells a lot like queer ass ... have fun!

bitcoins have been taken over by the sheeple but thanks for all the fish.
legendary
Activity: 3388
Merit: 3514
born once atheist
Bawwwwb!!!! ^^^
 Tongue

You actually have Marcus off ignore? Man if I get dick in ass pictures due to people who are easily killfiled I'll be annoyed.

I need the gaping asshole to *mean something*

Hey be nice to Marcus!...he's OG man!
Besides, I'm still trying to decipher that squiggly confounded avatar of his.... And he refuses to cooperate....
legendary
Activity: 3010
Merit: 8114
Just a reminder, that any political talk about any US political figures, will be met with "tastefully" censored, horrible, awful yaoi, within this thread.

Let us keep our eye on The Corn, and not get distracted by the fall of Western Civilization.

Word. I agree to take this pledge as a temporary measure to help restore sanity in the WO.

I'm leaning toward nothingburger. We'll know one way or another in less than 48 hours.
legendary
Activity: 3808
Merit: 7912
30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor

... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.

  Come on marcus!  You're far too serious about your right to free speech to feel censored by the mere threat of Bob exercising his right to free speech.  Also, we're Bitcoinists - the very antithesis of sheeple.
 
legendary
Activity: 3122
Merit: 1538
yes
Reasoned piece in NYM: https://nymag.com/intelligencer/amp/2021/01/why-is-bitcoin-making-new-all-time-highs.html?__twitter_impression=true

Key quotes:

Quote
The entrepreneurs working to make cryptocurrency easier to acquire, hold, and transact with have been working diligently to improve this financial plumbing in anticipation of a full-scale monetization event. Today, it seems that this moment may be upon us.

Quote
The first time, your interest may be piqued, but you are wary of buying into something that looks like a bubble. The second time, you realize that what you mistook for a bubble was in fact a cyclical process in a longer-term trend.

Quote
Personally, I think the story is far from done and that this revolutionary digital asset still has a long way to run.

Good stuff. Don’t sell cheap  Grin
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
Bawwwwb!!!! ^^^
 Tongue

You actually have Marcus off ignore? Man if I get dick in ass pictures due to people who are easily killfiled I'll be annoyed.

I need the gaping asshole to *mean something*
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
They actually CAN innovate, in some respects in a much more efficient way as they are not hampered by the evil capitalist IP-thingy. https://www.youtube.com/watch?v=SGJ5cZnoodY&t=3s&ab_channel=WIREDUK

As you can see, they actually innovate new products which are then branded by EU or US companies. Next step is the branding itself - anybody seen those commercials for Haier lately?

Oh great, an hour video. Let me get some popcorn....

Meantime, I'm going though old wallet backups to see if I left any bitpennies under the couch. Damn it takes days to replay the transactions on 2015 era wallets.

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 2050
Merit: 1184
Never selling
Who coined the "pump for ants" phrase? Was it Bob?

This is so cool.

Yes, i think so. I didn't find the original post, but afair he posted a message in colored caps (purple or blue), big font size over two lines:

Quote
WHAT IS THIS?
A PUMP FOR ANTS?

several months ago. I can remember it quite clear because it was a "visual" kind of post.


I also think it was a reference to Zoolander

https://www.youtube.com/watch?v=7ffj8SHrbk0
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
legendary
Activity: 2520
Merit: 3038
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor

... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.
legendary
Activity: 2520
Merit: 3038
Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue. It's the only language corporations will understand; it's the only way to keep them on their toes.

In a documentary I watched around 20 years ago, it was mentioned that the cost of human life in an aviation accident was valued at $250,000 per person. So, it was said that aviation companies would do a budget analysis of the cost of fixing the technical problem vs. the lives lost because of it, and the cheapest course of action would be chosen. Not sure how relevant this is today.

Hit them where it hurts - in their wallets. That's why I say any fixed amount is inadequate if we really want to prevent such accidents. 250k * n, where n is the max number of people onboard, is paltry when compared to 1-2 years of corporate income. I think 1 year would be a very good deterrent. The whole board would become extremely careful, especially since there could be additional liabilities to all the shareholders if specific negligence were to be found. Imagine a class action not from the victims, but from the shareholders too...
hero member
Activity: 1133
Merit: 819
China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.
They learn fast, but the key is they can't innovate for shit. Mostly copying other peoples' ideas. Which means they are always 1 step behind.



They actually CAN innovate, in some respects in a much more efficient way as they are not hampered by the evil capitalist IP-thingy. https://www.youtube.com/watch?v=SGJ5cZnoodY&t=3s&ab_channel=WIREDUK

As you can see, they actually innovate new products which are then branded by EU or US companies. Next step is the branding itself - anybody seen those commercials for Haier lately?
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.
They learn fast, but the key is they can't innovate for shit. Mostly copying other peoples' ideas. Which means they are always 1 step behind.


... lack of innovation is a typical characteristic of communist/socialist regimes and it is no mystery why, because lack of individual economic incentives have been removed (no risk, no reward for the individual, no innovation)

... the "they learn fast" bit is because they have the commissars gun pointed at their head, if they don't pick it up quick their family disappears or otherwise threatened, disadvantaged, etc. It all runs on favours, graft, kickbacks, etc.

... USSA is heading that way
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Hey, so, like, fair warning.

We are two days away from inauguration, and from some of the fringe scenarios I've been reading, things are likely to range from Nothingburger to Biblically-Apocalyptic.

Just a reminder, that any political talk about any US political figures, will be met with "tastefully" censored, horrible, awful yaoi, within this thread.

Let us keep our eye on The Corn, and not get distracted by the fall of Western Civilization.

Please do not test me.

I beg of you.

I'm trying to be way more chill in 2021, and you guys can really help me out in that regard.

nohomo brohugs


Is it OK if we can still hate ALL politicians?
asking for a friend...
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Bean counters at Boeing got away with a $2.5B slap on the wrist for the 737 MAC debacle. Cost of doing business.

And I'd be willing to bet the scumbag that made that decision got a golden parachute and that is why this keeps happening. those running things never have to pay the piper, all the rest of us do.

Quote
The current and former employees, many of whom spoke on the condition of anonymity because of the continuing investigations, said that after the first crash, they were stunned to discover MCAS relied on a single sensor.

“That’s nuts,” said an engineer who helped design MCAS.

“I’m shocked,” said a safety analyst who scrutinized it.

“To me, it seems like somebody didn’t understand what they were doing,” said an engineer who assessed the system’s sensors.

https://www.nytimes.com/2019/06/01/business/boeing-737-max-crash.html

You can bypass the paywall with ublock origin addon.

There were more than one instance/people at various design and implementation stages that would have become aware of that. Seems like management or whoever suppressed critical thinking on relying on a single sensor for MCAS. Also, in extreme test routines the problem would have already appeared in the simulator.
Boeing looking like amateurs now.


https://www.youtube.com/watch?v=SiB8GVMNJkE
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Any fixed amount can be written off as "cost of doing business", given a large enough volume of business.

The penalties for such violations MUST be expressed in units of yearly revenue. It's the only language corporations will understand; it's the only way to keep them on their toes.

In a documentary I watched around 20 years ago, it was mentioned that the cost of human life in an aviation accident was valued at $250,000 per person. So, it was said that aviation companies would do a budget analysis of the cost of fixing the technical problem vs. the lives lost because of it, and the cheapest course of action would be chosen. Not sure how relevant this is today.

I think there ought to be strict technical requirements for the design specifications of such automatic control systems in aircraft. Having only one sensor as the input to a system capable of automatically taking over the controls of an aircraft should be an instant red flag. I'm a control engineer, and routinely include redundancy in my designs, so that the chances of a critical failure are minimized. Even in the event that a failure does occur, there should be systems in place that disable the failed units and smoothly return control to the pilot.

I read Hueristic's article and was surprised that such a poor design of the MCAS system was given the green light. Flight tests are not sufficient, there should have been strict inspections at the design level. The fact that a system passes a set of flight tests just means it works in the conditions it was subjected to, not in every possible situation. Experienced engineers should have inspected the design and should have rejected it straight away when they saw that only one sensor was being used. Such a system will probably pass all flight tests with ease, but it's still a failed design.

Similar guidelines exist in weapon systems design. There may be complicated electronics that solve the fire-control system problem, but the firing command is usually sent to the weapon "outside the loop", by means of mechanical switches that simply short-circuit two wires. It may sound simple, even primitive, but it is very robust and gives total and exclusive control to the weapon system operator, no computer is allowed to fire the weapon on its own.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Don’t worry just when it starts to get boring something always turns up.

Every day is a surprise. this is Bitcoin Cheesy


Well tbh, after following crypto (sorry for using that term Jay... don't bat-slap me) for past 7 years, nothing in the Bitcoin theater surprises me any more....

 Roll Eyes Roll Eyes
Jump to: