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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7089. (Read 26709367 times)

hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

Guys I have been telling you since weeks, but I will reiterate again.

I will use Italian numbers, adjust downwards by the percentage you think it is correct because Italian population is old, Italians are not good at hospital or whatever reason you think it is correct, but the final reasoning do not change much:


As of today:

Code:
TOTAL INFECTED  17660  
DEATHS          1266   7.17%
RECOVERED       1439  
TOTAL POSITIVE  14955  
HOSPITALISED    7426   50%
ICU             1328   9%
RECOVERED       1439  



Here's the estimated worldwide numbers for the regular flu virus from October to today:


No. Percentages. How do they compare?

Goddamn idiot flubros.



I missed on a lot of good content! Smiley  ... Also a few days ago or something like that there was some kind of study or counting that the seasonal Flu has dropped 300-400 times or more in some parts of the world.  Shocked
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!


Don't you worry there! There will be some kind of open war with China soon. India just conquered some chinese base. Smiley ... So... Patience my friend... patience! Cheesy Cheesy
legendary
Activity: 3990
Merit: 4597
thinking of buying a bit, selling idea did not even cross my mind.
however, i think that you guys are wrong about the defi idea.

Mind you, the current crop is unimpressive, but so were excite, lycos and infoseek before google showed up in search.
Defi is inevitable, the question is only who the 1000 pound gorilla would be and which network would host it.
If you know of an app on btc that could do de-fi, speak out. There are some wallets, maybe Liquid, not much else (so far).
Cough-ethereum-cough is in the early lead, but it could be meaningless as we are talking about 4-7 bil out of 100 tril or so deployed there so far.
Plenty of time for btc to show its dominance in that area or leave it for some newcomer.
Eth cannot do defi because fees are too high, negating any reasonable tx, hence the recent crash.

Personally I have a problem with the mere concept of Defi. I don't see finance and decentralization going together. I see why it would attract some people, but I also see how governments are going to be all over it. I don't really see a use case either, but then again I live in a country where we don't have credit cards but debit ones. And there is no such thing as a credit score, or "refinancing", the less bank credits/mortgages you have the better.

defi (without idiotic 'yield farming') is just another term for automatic financing sans banks.
You have capital, you can lend it out on the blockchain that is able to employ smart contracts (be it at the core , in L2 or L3) and get interest.
Capital has to move, simple saving is insufficient for the advanced civilization to work.
Deployment could be automatic (on the blockchain like bitcoin) and highly effective.
Banks are less needed in defi world, hence no Cantillon effect and no pernicious brrr.
Poopooing defi will not be in bitcoin interest. Figuring out how to do it apart from essentially giving your coins to blockfi or Celsius and rely on their good graces might be important.
Governments have nothing to fear as taxing could be programmed in, if needed, not sure why they would be 'all over it'. They won't be, IMHO.
Why sell your btc when the time comes when you can use it more intelligently?
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
I was going trough the old pages to catch up from a few months ago ! I got to say... I will miss those times! BUY ALL THE TOILET PAPER !!! Cheesy Cheesy haha!



If covid taught me one thing it's that bidets are godlike.


People should learn about hot towels & bidets. Cheesy Cheesy

edit: Price seems stable. I was looking for Corona confessions from the last few hundred pages.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
I was going trough the old pages to catch up from a few months ago ! I got to say... I will miss those times! BUY ALL THE TOILET PAPER !!! Cheesy Cheesy haha!



If covid taught me one thing it's that bidets are godlike.
hero member
Activity: 2604
Merit: 961
fly or die
thinking of buying a bit, selling idea did not even cross my mind.
however, i think that you guys are wrong about the defi idea.

Mind you, the current crop is unimpressive, but so were excite, lycos and infoseek before google showed up in search.
Defi is inevitable, the question is only who the 1000 pound gorilla would be and which network would host it.
If you know of an app on btc that could do de-fi, speak out. There are some wallets, maybe Liquid, not much else (so far).
Cough-ethereum-cough is in the early lead, but it could be meaningless as we are talking about 4-7 bil out of 100 tril or so deployed there so far.
Plenty of time for btc to show its dominance in that area or leave it for some newcomer.
Eth cannot do defi because fees are too high, negating any reasonable tx, hence the recent crash.

Personally I have a problem with the mere concept of Defi. I don't see finance and decentralization going together. I see why it would attract some people, but I also see how governments are going to be all over it. I don't really see a use case either, but then again I live in a country where we don't have credit cards but debit ones. And there is no such thing as a credit score, or "refinancing", the less bank credits/mortgages you have the better.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Well I have written several times that anything above 10k is not sustainable. I know that I will get Negative reactions again but I will probably still be writing this the next few years.

Would you care to make a bet?
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.


Scientifically confirmed.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!



I was going trough the old pages to catch up from a few months ago ! I got to say... I will miss those times! BUY ALL THE TOILET PAPER !!! Cheesy Cheesy haha!

hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

Will you miss this year 2020 or would like to forget it ?  Are there good times ahead  Roll Eyes



Might be a good marketing strategy! Smiley ... But hey... this will force you to make your own God damn pizza at home you lazy **** ! Sending much luv to your lazy a$$! <3
legendary
Activity: 3794
Merit: 5474
Giving someone else your crypto to lock up as collateral for a loan, or to earn interest, is complete antithesis to Satoshi's idea of "be your own bank."

DeFi is just recreating the problems of the current financial world, just with lower barriers of entry. Derivatives on top of derivatives, fractional reserves, margin calls and exit scams with no legal means of recovery will be par for the course.
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.

you said sub 10k, not sub 1k

so youre admitting you could be off THAT much

much wrong, very useless. be gone foul creature

At least, “long term stable in the $200-$500 range” is an improvement from “long term down trend to zero”.  Perhaps in the future, when people are using bundles of $100 bills as home heating fuel, proudhon may grudgingly admit that Bitcoin could be worth $10k someday, “after a lot of faffing about”.

We will see sub-$3,000 bitcoins. There's really no question about it. We'll see sub-$1,000 bitcoins eventually, because bitcoin is on a long term down trend to zero, just look at the charts and read the sources.

I found that via a post by Last of the V8s, which came right after the reference post for Lauda’s red tag on proudhon.  TiagoTiago’s tag led me to this:

It looks like this is the end of bitcoin.  If you can sell and get your money out, you probably should.  Quarkcoin is probably a safe investment for now.

Via a Reddit link, that post led me back to a WO post that speaks for itself:

Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

Confirmed science!


What is Quarkcoin?
legendary
Activity: 3010
Merit: 8114
Defi is inevitable

For those who actually use it for what it was intended, decentralized finance via crypto has been alive and well for a number of years. It doesn't need rebranding, new marketing, new tokens or a new blockchain. Those who need it seek it out and use it. Everyone else is just looking to make a quick buck on their backs.
legendary
Activity: 3808
Merit: 7912
copper member
Activity: 630
Merit: 2614
If you don’t do PGP, you don’t do crypto!
Mind you, the current crop is unimpressive, but so were excite, lycos and infoseek before google showed up in search.
Defi is inevitable, the question is only who the 1000 pound gorilla would be and which network would host it.
If you know of an app on btc that could do de-fi, speak out. There are some wallets, maybe Liquid, not much else (so far).

Watch the development of Spectrum, the Layer 3 counterpart to RGB.  Its basic design is to use L2 Lightning (and thus, the Bitcoin blockchain) to enforce scalable, efficient, private off-chain execution of smart contracts.

https://bitcoinmagazine.com/articles/video-interview-giacomo-zucco-rgb-tokens-built-bitcoin
The video interview discusses defi explicitly.  Giacomo Zucco has quite the sense of humour:  He jokes about the oddity of a Bitcoin maximalist developing something that can be used for such awful things as defi and tokens.

Of course, it does tokens.  Apparently, the Tether people are interested.  (Maybe funding this?  Not sure.)  Imagine USDT running on Bitcoin proper.

The RGB/Spectrum smart contract language is Blockstream’s Simplicity, which is designed from its inception to support formal verification.  The glue that binds the off-chain contracts to the blockchain and makes them enforceable is a quite clever trick originally invented by Peter Todd.

(I do think there is a place for scalable on-chain contract execution, for use cases in which parties really need to be able to just disconnect and let the contract run on the blockchain.  But it won’t be Ethereum; ETH2 is basically a desperate mirage at this point, insofar as I can discern.  Other projects will eat their lunch.  And for most use cases, on-chain execution is just a massive waste of resources.)



Many replies to catch up with!  I’ll take this bit by bit...
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.

Cantfirmed.
legendary
Activity: 3990
Merit: 4597
thinking of buying a bit, selling idea did not even cross my mind.
however, i think that you guys are wrong about the defi idea.

Mind you, the current crop is unimpressive, but so were excite, lycos and infoseek before google showed up in search.
Defi is inevitable, the question is only who the 1000 pound gorilla would be and which network would host it.
If you know of an app on btc that could do de-fi, speak out. There are some wallets, maybe Liquid, not much else (so far).
Cough-ethereum-cough is in the early lead, but it could be meaningless as we are talking about 4-7 bil out of 100 tril or so deployed there so far.
Plenty of time for btc to show its dominance in that area or leave it for some newcomer.
Eth cannot do defi because fees are too high, negating any reasonable tx, hence the recent crash.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.

Comformed.

---

"faffing"

New word for me, thanks hon.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Looks to me like the $1,000/btc and below price levels need more testing. I'm just telling ya'll the truth. I could see maybe bitcoin long term stable in the $200-$500 range after a lot of faffing about.

you said sub 10k, not sub 1k

so youre admitting you could be off THAT much

much wrong, very useless. begone foul creature
legendary
Activity: 3556
Merit: 9709
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B00Z/F00D

HODLers life

Now BED/SEX

HODLers night

Cheers

Haha

Never change El Dude

Grin
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