Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7039. (Read 26710358 times)

I would merit you for this photo if I had any merit left, I will use that as my wallpaper from now on.

I see most of the people, according to the poll, expect a little rise in price today same as me.Next week we should attack 12-13k, Uni was a good boost, traded it and bought more BTC

https://btcartgallery.com/wp-content/uploads/2015/10/unnamed27.png

GoodMorning+coffee+WO+StrongHats

No.
Could you not afford proper Bitcoin schoolery and had to attend shitcoin classes.
I and only I deceit who i pay and not some exchange dealing with all kinds of garbage and losing or misappropriating my coins.
Kraken or other such junkyards want see my precious Bitcoin.

I'm gratified to learn of your pleasure thereof. That's there for those who don't know any better.*

Just cause I ain't talk good mostish should not be construed to imply that I am incapable of employing formal grammatical constructs.

*Given the pervasivity of that particular misuse, I sometimes worry that the entire innerwebs is trolling me.



You skipped over the most salient point. You have no fckin clue.

He can’t.  His post is just a roundabout way of saying, “Bitcoin cannot scale, and will thus become a banker’s toy as bone-crushing transaction fees force everybody into the next generation of Paypal.”  Baloney.


Nice list.  You are basically describing a centralized shitcoin that’s like meta-Paypal 2.0 with magic “blockchain” pixie dust sprinkled on top.  Who needs it?  (Not the banks, who do not like transparent blockchains for their own use!  There is a reason why JPMorgan Chase (!) paid the erstwhile Zcash Company to adapt zk-SNARKs to their own bigbank confidentiality requirements.  See also Greg Maxwell’s discussions of bigcorp interest in Confidential Transactions—which are accordingly implemented in Blockstream’s Liquid.  Only idiots make their own finances publicly transparent; bigcorps are not so stupid.)

Notably, you omitted Lightning Network, and other off-chain things not under the control of banks and other regulated corporations.


I could see perhaps something on the order of magnitude of $100 (in today’s current value) on-chain transaction costs, but $1000+?  Smells like FUD.

Bitcoin needs to be accessible to even relatively poor individuals for long-lived channel management on a future L2:  Scrape together, say, $100 to open a channel that runs for years.  N.b., I am not saying it will cost that much!  Just taking that as a figure that will seem high to most people, it would be less expensive overall, amortized over the channel lifetime, than the ripoff fees that regulated money transmitters charge to the “unbanked” in many regions.  Proportionately, the poor always get ripped off the worst!  Speaking from experience—if I had back all of the money that I have ever paid to move small amounts of money without a bank account...

That is not some bleeding-heart egalitarian hogwash.  It is simply a functional description of what is necessary to be something other than just another bankers’ tool.

$1000+ tx fees would mean that Bitcoin is destined to fail—or worse, to become an abomination against financial freedom—and that I should dump it and get out right now.

Fortunately, I do not believe you.  On-chain scalability improvements, combined with off-chain layering, must and will keep “Be Your Own Bank” financial independence within the reach of ordinary individuals—including those who are not early-entrant “Bitcoin rich”.  Just look at the excellent work in Segwit v1, soon nascent, and then consider what the same types of continuing incremental improvements will bring to the baselayer—and what types of new protocols they will support.


That would turn Bitcoin into a bankers’ wet dream:  The totally controlled, centralized, regulated basis for a cashless dystopia in which everybody can be tracked, traced, and forced to ask permission to use money.

That is not a new allegation, and it’s not true.

The fact is, whether you the bankers like it or not, cryptographic cleverness will continue to enable technologies that put the individual in direct control of his own money.

https://twitter.com/guydbennett/status/1306951372638748673

evening charts

4h



D


D w/ doubled cloud



#stronghands

You have a tendency to figure out some negative angle for good newses.

If you heard Saylor in a couple of interviews, you should figure out that he seems to have a pretty BIG grasp on bitcoin, even though he had ONLY been studying bitcoin for about one year, and maybe a bit more cram studying in the past 6 months or so.

You should listen to his interviews on the Pompliano podcast from a couple of days ago and on the Guy Swann podcast from today, and maybe your opinion on the subject might change.... and maybe not too, you do tend to be a bit of a stubborn one from what I recall.        Each of the interviews are a bit over an hour, but you could listen to them at speeded up, such as 1.5x or 2x, perhaps.


Yes,... Microstrategy has provided a bit of a roadmap for the feasibility of such actions by institutional players.

Whether companies decide to take a 10% or 50% of their cash reserves, the amounts at their disposal surely start to add up to a lot of value in the event that some of the more aware, alert and even flexible companies start to see a path forward for accomplishing such bitcoin allocation measures (hedging).


No need to wait any longer.  The time is upon us (imminently, soon ^tm)

Dont like that scenario much tbh, we have a decentralized blockchain but the little people arent allowed to use it and thats progress apparently.   Cant say I agree, capitalism is capital from and by the people with the means of production with the people not the government or the corporate elite.   Your scenario doesnt resemble capitalism then presuming the future stays true with what has served free people in the past.    

Over all the markets we are tending towards your scenario but I hope Bitcoin is something a bit different to that, its a big question for our times I dont know how it will turn out.    Just going to read Ray Dalio a min
https://www.marketwatch.com/story/billionaire-investor-ray-dalio-on-capitalisms-crisis-the-world-is-going-to-change-in-shocking-ways-in-the-next-five-years-2020-09-17?mod=hedge-fund-moves-and-insider-trades

In other words, if you want to have fun, become a holder of bitcoin.

It's not too late, but it will likely NOT be as much fun to be watching others have fun, if you don't gots ur lil selfie any coyns.

 


What happened to the good ole days of pee pics?  

Everything at an exchange is "off-chain".

Almost all bitcoin transactions in the future will be done on exchanges, between bank accounts, or through digital warehouses without any bitcoin moving on chain. I'm not holding mine like that but you know most people and companies will, out of fear or because they don't know any other way.

The end game is bitcoin becomes the settlement layer for the world. Transaction costs are going way up in the future, you're not going to want to do on-chain transactions when it costs $1000+ to do so, but if you're settling a billions dollars, that's a tiny price to pay.

The fact is, whether we like it or not, very few individuals (other than those of us here) will hold private keys in 10 years. The transaction costs alone will ensure it.

It is a recursive semiotic which signals that your interpretation of my interpretation of your pic-post is that you want to measure people’s interpretations using pseudoscientific incantations that evoke the measurer’s interpretation of others’ interpretations.

I have been wanting to toss that at jojo69.  You got it instead—lucky you!  It is on my part a general statement, not only directed at any particular post.  Indeed, it is even a meta-statement on some of my own prior posts.

Not that I would expect for anybody to get it:  Abnormality is the new normal.  The more maladapted you are to life in this world, the more you are “the future”!  For example, autists are unable to grasp subtle humour.

But as a practical matter, the “high-functioning” autists would probably make suitable overseers in a world of technocratic mass-enslavement managed by robots.  Perhaps that may be why this stuff is being promoted:  A dystopia of socially-distanced, isolated individual units who have none of the normal human connections that characterized all of prior history—who interact with each other only by chatting through machines...  Why, it is almost as if autists were designed and engineered for such a world!


I struggled to interpret the interposition of the Bitcoin symbol.  It can be read a few different ways.

P.S., for the benefit of the Wall Observer, of course I posted the card which most frequently evokes sex.  You caught the nonexistent vulva, but missed the nonexistent erect penis at the top—among innumerable other things that may be seen in a blot of ink smeared onto cardstock a century ago by an insane psychiatrist, who then proceeded to use it to diagnose schizophrenia, homosexuality, and whatever else he decided to see in your perceptions of his little mind-game.

Bitcoin Price Fails to Close Above $11K But Are Bulls Done Yet? (BTC Analysis)

The Bulls have not started yet!