Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7426.

Toxic2040

legendary

Activity: 1834

Merit: 4197

the closing bell report

Friday at last and legacy markets are closed, bitcoin keeps chugging along however.

Bitcoin traded between $9,474.35 and $9,650.55 today on fairly significant volatility. Closing at $9,547.91 traders seemed content with minor profit taking and consolidation. This trend will probably continue over the weekend on declining volume.

Next week looks to bring increasing activity as we enter the final week of July. Closing above $9,533.42 this Sunday on the weekly candle would be significant as that puts the price above short term resistance at the tenkan sen.

4h

D

w/doubled cloud settings
D

Its pretty simple really imho..treat others as you want to be treated. Everyone should reflect on that simple fact from time to time.

Have a good weekend everyone.

peace
tc

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Observing longs dumping.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

EDIT this reply wound up in its own topic due to some error on my part. sorry for cross post:
https://bitcointalksearch.org/topic/m.54864403

Quote from: jbreher on July 23, 2020, 01:37:27 PM

Quote from: vapourminer on July 23, 2020, 04:55:33 AM

decentralization = ONE (ok manybe a few) datacenter that has the capacity to process this BSV nearly infinate size (at some point) gigabigabloatware data where everything including the kitchen sink and toilet plus the contents of those that goes down it and is stored on chain? i guess always wanted to know the exact composition of my septic tank contents. a "decentralized" blockchain that only huge AWS instances or other supercomputers and the likes likes can run?

No. But nice mischaracterization. At this point, there are plenty of 'normal' computers processing the BSV blockchain.

sure, now. im talking years out (if it doesnt die off in the meantime)

Quote from: jbreher on July 23, 2020, 01:37:27 PM

AFAIC, as long as there are no exclusionary barriers for new entrants to participate, then non-mining validation is exactly as decentralized as it need be. More such 'decentralization' is a red herring that serves no useful purpose. I realize this is a controversial perspective, but it is the one I hold.

just the money constraint. perhaps youre so loaded that 100+ grand for a datacenter and update cycle that will be needed eventually is a barely noticeable expense for the convenience and security. so say 50 grand for a casual setup that maybe that would last a couple years? so whats the upper limit for "just verifying" my transactions?

Quote from: jbreher on July 23, 2020, 01:37:27 PM

The alternative is to dumb down the entire system to 3 to 7 transactions per second. The notion of such a system working as world money is so ludicrous that it beggars the imagination that anyone would so think.

i agree here. work is needed. it is being done. i may not agree with some of it but stuff is happening regardless.

Toxic2040

legendary

Activity: 1834

Merit: 4197

Quote from: DaRude on July 24, 2020, 03:51:22 PM

Let me summarize my interaction with you so far:

You claimed that your shitcoin BSv is as decentralized as bitcoin
I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion
You tried evading tactic by claiming that you already explained decentralization
I stayed on it, and asked you to repeat it
You pointed to a post where you're bitching that that nodes are not a measure of decentralization. Conveniently still never defining decentralization.
You then replied "Bingo" to AlcoHoDL's speculation that by decentralization you might mean potential to be decentralized. As if we were all playing the "Guess wtf jbreher means by decentralization today". You then confirm that by saying that the only difference is the "current popularity of each"
To point out that such stupid definition wouldn't work outside of 3 coins, i asked if by your definition BCD (Bitcoin Diamond) is as decentralized as BTC
You replied that because BCD is not SHA256 POW it "has no meaningful ties to the satoshi legacy." As if only god coins can be decentralized?? And obscuring your idea of decentralization even more

Just because my server has potential fundamentals to grow to Google's size, doesn't make my server as decentralized as Google. Sorry.

Today i just read the "Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’" article https://www.coindesk.com/4-experts-agree-craig-wrights-latest-cryptography-claims-are-nonsense to summarize:

CSW - I own this address
- signed message pops up from the address saying CSW is a "liar and a fraud"
CSW - “no message was signed. You cannot have a digital signature that is anonymous, by definition." Provided some veiled definition of signatures
Everyone who ever validated a signature - LMAO wtf???
Johns Hopkins associate professor and cryptographer Matthew Green - Wright’s explanation “makes zero sense to me as a cryptographer,” ... "Because the words he’s using sound like nonsense to me.”
Symbolic Software applied cryptographer Nadim Kobeissi - “Having followed Craig Wright’s tale, I personally think that there is as much validity to the claim that Craig Wright is the inventor of Bitcoin as there is validity to the claim that the Earth is flat.”

The parallels between your approaches are striking. I also recalled Toxic2040 post about how your pedantic drivel is similar to Faketoshi. You strive for publicity to stay relevant, at a cost of making yourself look like a total idiot to anyone with a single brain cell. But that does radicalize your base, so those few people you do manage to convince will blindly follow you and unquestionably believe everything that you say. Luckily in this scene there are more "neckbeards" (that you're desperately trying to marginalize) who posses critical thinking, that will call you out on all of your BS.

+10 WOsMerit's

best rebuttal and post ive read here in awhile

thanks

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

Quote from: DaRude on July 24, 2020, 03:51:22 PM

Quote from: jbreher on July 23, 2020, 10:09:22 PM

Quote from: Toxic2040 on July 23, 2020, 04:41:13 PM

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:
[edited out]

The real question is whether there is another BSV bag holder apart from jbr... worldwide. I doubt that even CW holds this shit anymore.

TheJuice

hero member

Activity: 845

Merit: 609

Hella bullish after some consolidation. I like seeing alts rise as well. Slow and steady to 14k over the next 2 months seems likely.

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

Garry Kasparov, one of the greatest chess grandmasters of all time on #Bitcoin...

https://twitter.com/alistairmilne/status/1286741537238536200

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Observing $9,634

Slow & steady rises, just like V8 said. I still say we end 2020 at around $13,000/$14,000 but this is good. $9,000 looks solid, would be really good to get over & stay over $10,000 by the end of next month.

DaRude

legendary

Activity: 2938

Merit: 1951

In order to dump coins one must have coins

Quote from: jbreher on July 23, 2020, 10:09:22 PM

Quote from: Toxic2040 on July 23, 2020, 04:41:13 PM

and a clinical inability to respond to simple questions or respond with a straight forward simple answer.

What the hell are you on about? Looking back three pages, you have addressed exactly zero questions to me, let alone ones unanswered. Unless you're confusing yourself with some sock.

Let me summarize my interaction with you so far:

You claimed that your shitcoin BSv is as decentralized as bitcoin
I asked you to back it up, to define decentralization and metrics you used to arrive at such ludicrous conclusion
You tried evading tactic by claiming that you already explained decentralization
I stayed on it, and asked you to repeat it
You pointed to a post where you're bitching that that nodes are not a measure of decentralization. Conveniently still never defining decentralization.
You then replied "Bingo" to AlcoHoDL's speculation that by decentralization you might mean potential to be decentralized. As if we were all playing the "Guess wtf jbreher means by decentralization today". You then confirm that by saying that the only difference is the "current popularity of each"
To point out that such stupid definition wouldn't work outside of 3 coins, i asked if by your definition BCD (Bitcoin Diamond) is as decentralized as BTC
You replied that because BCD is not SHA256 POW it "has no meaningful ties to the satoshi legacy." As if only god coins can be decentralized?? And obscuring your idea of decentralization even more

Just because my server has potential fundamentals to grow to Google's size, doesn't make my server as decentralized as Google. Sorry.

Today i just read the "Experts Agree: Craig Wright’s Latest Cryptography Claims Are ‘Nonsense’" article https://www.coindesk.com/4-experts-agree-craig-wrights-latest-cryptography-claims-are-nonsense to summarize:

CSW - I own this address
- signed message pops up from the address saying CSW is a "liar and a fraud"
CSW - “no message was signed. You cannot have a digital signature that is anonymous, by definition." Provided some veiled definition of signatures
Everyone who ever validated a signature - LMAO wtf???
Johns Hopkins associate professor and cryptographer Matthew Green - Wright’s explanation “makes zero sense to me as a cryptographer,” ... "Because the words he’s using sound like nonsense to me.”
Symbolic Software applied cryptographer Nadim Kobeissi - “Having followed Craig Wright’s tale, I personally think that there is as much validity to the claim that Craig Wright is the inventor of Bitcoin as there is validity to the claim that the Earth is flat.”

The parallels between your approaches are striking. I also recalled Toxic2040 post about how your pedantic drivel is similar to Faketoshi. You strive for publicity to stay relevant, at a cost of making yourself look like a total idiot to anyone with a single brain cell. But that does radicalize your base, so those few people you do manage to convince will blindly follow you and unquestionably believe everything that you say. Luckily in this scene there are more "neckbeards" (that you're desperately trying to marginalize) who posses critical thinking, that will call you out on all of your BS.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: LUCKMCFLY on July 24, 2020, 10:02:50 AM

Update from @ChartsBtc

Quote

Need less than 7 doublings to get #bitcoin over $1,000,000Reloj de pulsera

Source: https://twitter.com/ChartsBtc/status/1286673881533571072

Like lungs breathing in and out.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: Last of the V8s on July 24, 2020, 12:17:12 PM

10k by Christmas.

10k this weekend

Toxic2040

legendary

Activity: 1834

Merit: 4197

the noon wall report

Bitcoin is hodling steady at around $9.6k today as some consolidation and minor profit taking seems to be taking place. As our Honorable Secretary has stated..steady as she goes. I concur Sir.

short fibs slightly raised to reflect local higher high
4h

#dyor
D

#stronghands

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: ?? on ??

Quote from: OutOfMemory on July 24, 2020, 12:52:53 PM

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

Sounds nice, and thanks for posting. I'm left wondering, however, what are the implications and why is this important?

Legal consequences.
What is the definition of "trading service"?
A node, an exchange, a bank?
Since banks are allowed to trade bitcoin for customers, worst case would be that only licensed businesses are allowed to sell/keep/buy bitcoin, i guess.
While this is restricted to the US, on the other hand, so not "another ending of bitcoin" in any way.

Quote from: rdbase on July 24, 2020, 01:36:40 PM

It could be good and bad for bitcoin.
Depending on where you live.
CB (Coinbase for the crypto inept Roll Eyes

) will hound you if your in the US for you to pay your taxes on your crypto gains.

Yeah, and that, of course.

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Quote from: ?? on ??

Quote from: OutOfMemory on July 24, 2020, 12:52:53 PM

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

Sounds nice, and thanks for posting. I'm left wondering, however, what are the implications and why is this important?

It could be good and bad for bitcoin.
Depending on where you live.
CB (Coinbase for the crypto inept Roll Eyes

) will hound you if your in the US for you to pay your taxes on your crypto gains.

For the good: The bitcoin printer go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr!
Until someone says "ShAzAm!".... you bastards! (in a milton from the office space movie sort of way) Angry

https://gfycat.com/alivebitesizedhylaeosaurus
https://i.ibb.co/hRqDYnk/71tP.gif
https://gfycat.com/rawsafegalapagoshawk

*awwwee fuk it

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Oh, oh, oh...

https://twitter.com/NoodleofBinance/status/1286707787976904704

BITCOIN DEFINED AS 'MONEY' UNDER D.C. LAW, FEDERAL COURT SAYS

Good and bad news imo.

EDIT: Source https://news.bloomberglaw.com/banking-law/bitcoin-deemed-money-under-d-c-financial-services-law

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Quote from: Last of the V8s on July 24, 2020, 12:39:23 PM

Quote from: LFC_Bitcoin on July 24, 2020, 12:29:00 PM

Quote from: JimboToronto on July 24, 2020, 12:25:43 PM

Quote from: suchmoon on July 24, 2020, 12:19:19 PM

Quote from: Last of the V8s on July 24, 2020, 12:17:12 PM

10k by Christmas.

Which year?

2017.

$10,000 by end of August Wink

Steady now.

Best to stay steady like freddy.
I got to keep off the aLcOhOl. Grin

dragonvslinux

legendary

Activity: 1722

Merit: 2213

The moment you realise not everything went quite to plan:

Code:

cryptsetup: ERROR: Couldn't resolve device

Looks like I've got some dpkg re-configuring to do and looking into grub files Undecided

Toxic2040

legendary

Activity: 1834

Merit: 4197

In other news this morning...

Bitcoin continues to show heavy correlation with the stonk market and specifically the S&P500. The Dow, S&P500 and Bitcoin are all down today near 1%. Ethereum is surprisingly up today and seems to be attempting to break correlation between bitcoin and the stonk markets...interesting imo.

Gold breaks $1.9k and seems to be intent on breaking its ATH. Silver is also up significantly, trading above $22 today.

1984 has arrived at Seattle today and apparently other major US cities.
https://www.thestranger.com/slog/2020/07/23/44149420/department-of-homeland-security-plane-lands-in-seattle

Probably wont be wearing badges or nameplates but will potentially be carrying shields stating they are police.

Covid-19 cases continue to rise in the US and around the world. People...please wear a mask when your out in public and especially in enclosed spaces such are stores. It makes a difference.
This guy does some good videos on it..I recommend watching it if you are on the borderline as to what is effective or not with mask usage.
https://www.youtube.com/watch?v=npXP5wqNzaI

Over 4 million cases are now being reported in the US, a jump from 3 million to 4 million in the last 15 days...

Washington State among others also continues to see the number of cases rising.