Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6600. (Read 26731497 times)

In memoriam...of something

https://www.trustnodes.com/2020/12/29/sec-sinks-xrp

Say what you want about that shitcoin, but the wanton destruction of monetary value (maybe wrongly attributed, I agree) is not something that I adore.
Honestly, if this would eventually cause SEC demise as a regulatory agency, so be it (see quotation).


The 'subtracted' value is obviously flowing mostly into bitcoin plus 2-3 s-coins (for now) .

XRP perhaps couldn’t withstand this injustice, but few can commend the way SEC went about enforcing it, even if they do agree.
Where coders are concerned, this is just another round they don’t even care about in a long running battle. The question is: will SEC be destroyed in the end?
You can not just wipe out tens of billions without courting hate, especially when the institution was already hated due to its investment prohibitions injustice inscribed in its very foundations.

Re: NAS

Now I understand that not everybody has a 19" rack in the basement (though these can be had very cheap too :-)) or even a separate room to place a loud beast like this in. Still, all these NAS products that I have had my hands on over the years totally and royally sucked and gave me a very bad price/performance ratio. Avoid them if you can, maybe build something yourself, load FreeNAS or whatever, everything is better than these shitty towers of future misery due to data loss.

Sun, AIX... we're talking archaeology!  

If you think an HP server is loud, try any modern ASIC miner.  

We heat one of our storage rooms with an L3+ and since then all our servers seem to run completely silent to me. Some people say my hearing is impaired, but I don't hear that very often.

Willy Woo
@woonomic
The growth in capital flowing into BTC is now equivalent to Apr 2017 of last cycle. The early bull phase is over, the main phase has started; it's come early.

Sun and (IBM) AIX

What care or advice can you offer when switching the drives over? Just switch them over to the new NAS in the same order and boot it up then hope for the best? I'm hoping it will launch some sort of volume recovery process or something. Either that or it boots up like nothing happened but that's too much wishful thinking haha

Yeah, server hardware is the way to go... HP is my choice too... many say HP is crap nowadays but they obviously haven't dealt with DELL, IBM, Supermicro and other brands. HP surely offers some weird solutions, some things don't work out of the box, sometimes buggy software, some driver/compatibility and update issues now and then but in general still way better than competitors.   

Re: NAS

I've got (and sent to the bin) quite a few of these (Iomega, thecus, etc.) over the years. I need to store data and backups on multiple physical locations reliably and I was quite excited when these home storage servers hit the market ~20yrs ago.

Since I have all data synched in multiple locations, the loss of one of those NAS servers was never catastrophic, but a MPITA and great annoyance nonetheless. Some are hooked up to synch via 10Mbit/s line, 5TB take a while* to synch over such a link. Except two of them all have died meanwhile the very same way they did on heslo (it doesn't even need to be a black- or brown-out, a simple shutdown can kill these buggers too, and yes it's always the mainboard never something easy to replace like the power supply..).

These NAS most often have very low-end CPU and I/O and I found you get way more bang for the buck with used professional servers. I am somewhat familiar with HP servers, but I guess it doesn't make a difference and I would not want to recommend them specifically, but that's just the brand I am used to - YMMV.

Currently I could buy a used/refurbished DL380 G8 48G RAM and 14x1TB for 887 EUR from my supplier. This looks to me like a good price compared to all these crap NAS. On top of a professional raid controller, it has more RAM than most NAS, redundant power supply and I never had such a server fail on me yet the way these NAS tend to very often. And if a part fails, you can actually get cheap replacement parts everywhere and fast, unlike these NAS that are pretty quickly discontinued and replaced and if you are lucky enough to get replacement parts they are overly expensive.

Now I understand that not everybody has a 19" rack in the basement (though these can be had very cheap too :-)) or even a separate room to place a loud beast like this in. Still, all these NAS products that I have had my hands on over the years totally and royally sucked and gave me a very bad price/performance ratio. Avoid them if you can, maybe build something yourself, load FreeNAS or whatever, everything is better than these shitty towers of future misery due to data loss.

Enough rant about NAS, BTC doesn't mind where you store it as long as you have a copy of the seed on paper 

* euphemism for many weeks

Oh yeah. Whenever I hear "give us your bitcoins and we will take care of it!" I think of an image like this.

Damn I would which I could work a bit better with computers

Technically he is doing disk duplexing: Two disks, two controllers, two channels.

I always found custom raid controllers to be the worst possible idea: Not only are you reliant on the N+1 disks, you're relying on the controller not blowing a hole in itself and sinking everything. Bonus if you can't get a new controller/same version. Super bonus fuckage if the controller stores all the disk information in its eeprom instead of on-disk.

Seriously, if you are counting on a single cheap NAS it's better to give your data to Bowsette....



She'll take care of it.

The big question: what is the price target given all this new info?

I wouldn't mind her taking care of some of my data.

Willy Woo
@woonomic
The growth in capital flowing into BTC is now equivalent to Apr 2017 of last cycle. The early bull phase is over, the main phase has started; it's come early.

Realised cap estimates the capital invested into #Bitcoin . Its slope = the rate of capital influx (as % of its cap).
https://twitter.com/woonomic/status/1343869638371774465?s=21
nice picture

@woonomic
TOTAL INVESTED:
$170b - the total capital Bitcoin is storing at the price it was invested

INFLOWS:
$15b - During the re-accumulation phase of Mar - Oct
$50b - Since the October rally
$10b - In the last 7 days after @michael_saylor tweeted his $650m purchase was complete.

@woonomic
While the outside world is bewildered by the Bitcoin price rise, thinking it's probably a speculative bubble. Few understand with a blockchain we can measure the capital flows with precision and give answers instead of narratives.

@woonomic
This industry is putting metrics on capital flows previously unseen. 👏

Realised Cap was put forward by the @coinmetrics team, Entity-adjusted Realised Cap is an improvement by @glassnode filtering only for capital movement between different investor participants.