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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7505. (Read 26589063 times)

hero member
Activity: 786
Merit: 857
so the miners could plan properly

Thanks V8 and jbreher
Wasnt trying to stir anyhting up.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

That's actually an upcoming debate in AT as well, because many of the Covid19 laws that passed parliament are not backed by the constitution.
I'm already imagine myself buying loads of popcorn for the next weeks and months.
They even discussed the mandatory install of an app on everybody's smartphone that tracks social contacts. A gps/nfc keychain badge was brought up as an idea for cellphone users and people without smartphones (i'd combine such a device with a microwave oven  Tongue).
There are still ideologic traces of nazi embedded in the austrian culture. Counselor got support of about 50% of the people. Surrounded by morons, i'm telling you!
legendary
Activity: 1652
Merit: 4393
Be a bank
so the miners could plan properly
legendary
Activity: 2730
Merit: 1288
An interesting fact to consider ..




Number of Bitcoin transactions was keep decreasing from June last year. It went from 10,486,006 to 8,702,021 the last month. That is over 15% drop.  People start use Bitcoin only when price is higher. So now that price is heading close to $10000 number of transactions increased. Considering half of month for this month 9,660,885 transactions is predicted.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
On the subject of halving and diff changes.
Was there a specific reason Bitcoin was designed to reduce its emission rate in this fashion with these abrupt steps every 4 years or so?
Would it have been better to have designed it in such a way that the reduction was done at a much slower pace, say an almost imperceptible amount per block? So that over the four years the amount is still halved but instead of in one go, over the course of the entire 4 year period?


Yeah, I openly mused upon this too — back in like 2011.

Proper answer: it is what it is. Such ponderation be fruitless.
hero member
Activity: 786
Merit: 857
On the subject of halving and diff changes.
Was there a specific reason Bitcoin was designed to reduce its emission rate in this fashion with these abrupt steps every 4 years or so?
Would it have been better to have designed it in such a way that the reduction was done at a much slower pace, say an almost imperceptible amount per block? So that over the four years the amount is still halved but instead of in one go, over the course of the entire 4 year period?


sounds to me like you are now qualified to start up your own alt coin

Just asking a perfectly innocent question.
I know there has been a lot of bitching over different alts such as BCH et al but was just curious if there was a deliberate reason for doing it this way.
Makes no difference to me as I only HODL BTC.
legendary
Activity: 3066
Merit: 1188

The lack of testing of workers in hospital and nursing/elderly homes has made the virus spread uncontrollably among our most vulnerable people.

Myself is utterly disgusted how Swedish authorities has handled this pandemic so far.

I don't quite understand your "disgust". The difference between Sweden and its neighbouring Nordic countries is almost insignificant in terms of mortality. Meanwhile the difference between Sweden and the big "lockdown" countries is very large - especially given that it's in the "wrong" direction if you hypothesise that the lockdowns are effective.

How do you explain this ?


legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.

A hearty tip of the hat to the Swedes for adhering to their written law. Lord knows we Americans abandoned any such fidelity about a century ago.

And here’s to wishing you a full and speedy recovery.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
On the subject of halving and diff changes.
Was there a specific reason Bitcoin was designed to reduce its emission rate in this fashion with these abrupt steps every 4 years or so?
Would it have been better to have designed it in such a way that the reduction was done at a much slower pace, say an almost imperceptible amount per block? So that over the four years the amount is still halved but instead of in one go, over the course of the entire 4 year period?


sounds to me like you are now qualified to start up your own alt coin
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
On the subject of halving and diff changes.
Was there a specific reason Bitcoin was designed to reduce its emission rate in this fashion with these abrupt steps every 4 years or so?
Would it have been better to have designed it in such a way that the reduction was done at a much slower pace, say an almost imperceptible amount per block? So that over the four years the amount is still halved but instead of in one go, over the course of the entire 4 year period?

Of course, there has already been a lot of discussion that the hype cycle was intentionally designed into bitcoin's 4-year halvening cycle.... which includes front-loading the mining-generated issuance of coins.
legendary
Activity: 2702
Merit: 2053
Free spirit
Anyone not caught up with all their outstanding jobs yet during the lockdown?

with my wife creating new jobs and projects by the second? i will never catch up.


Today I finished stripping down to small bits and fully cleaning back to like new condition her Dyson.


here is how my one, single project is going.

PROJECT: disassemble and clean barbecue grill, check uneven burners. estimated time maybe a couple hours of nice relaxing time

STARTED: hours ago

PERCENT COMPLETE: 5%

TIME SPENT ON GRILL PROJECT: 10 minutes to move and partially dissemble grill.

TIME SPENT ON WIFES PROJECTS: several hours.

ESTIMATED COMPLETION TIME FOR GRILL PROJECT: next week

Can I advise you to buy her a box of wine   Smiley

Should buy you a little time.

hero member
Activity: 786
Merit: 857
On the subject of halving and diff changes.
Was there a specific reason Bitcoin was designed to reduce its emission rate in this fashion with these abrupt steps every 4 years or so?
Would it have been better to have designed it in such a way that the reduction was done at a much slower pace, say an almost imperceptible amount per block? So that over the four years the amount is still halved but instead of in one go, over the course of the entire 4 year period?
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
Anyone not caught up with all their outstanding jobs yet during the lockdown?

with my wife creating new jobs and projects by the second? i will never catch up.


Today I finished stripping down to small bits and fully cleaning back to like new condition her Dyson.


here is how my one, single project is going.

PROJECT: disassemble and clean barbecue grill, check uneven burners. estimated time maybe a couple hours of nice relaxing time

STARTED: hours ago

PERCENT COMPLETE: 5%

TIME SPENT ON GRILL PROJECT: 10 minutes to move and partially dissemble grill.

TIME SPENT ON WIFES PROJECTS: several hours.

ESTIMATED COMPLETION TIME FOR GRILL PROJECT: next week
sr. member
Activity: 1022
Merit: 280
Anyone not caught up with all their outstanding jobs yet during the lockdown?

with my wife creating new jobs and projects by the second? i will never catch up.


Most of the people have lost their jobs in the lockdown and companies have downsized and limited their operations. The most beneifical persons are those who have their own business over the internet.

legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Masterluc aka Pentarudi newest Update

Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

https://www.tradingview.com/x/hDsbeO3p

Stick it up his ass...  Sad

Not so quick. It ain't over yet.

Yeah, the more times you roll the dice, the more chances your "prediction" ends up being correct.

We saw how Masterluc's "predictions" worked out in Mindrust's case, as a fellow WO recently commented.

Fcuk him.
legendary
Activity: 3108
Merit: 1531
yes
Masterluc aka Pentarudi newest Update

Just dropping some stones into short term bearish pan. Hidden bearish divergences on daily chart.

https://www.tradingview.com/x/hDsbeO3p

Stick it up his ass...  Sad

Not so quick. It ain't over yet.
sr. member
Activity: 378
Merit: 889
Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.
And there is no such thing as marshal law in Sweden, not allowed by the constitution.

So, no matter how much people or other countries bitch about Swedens way of handling the crisis, nothing is going to change.
You can change the constitution, but that reacquires two parliament votes with one general election in between.
We might se a change in the wording in the constitution from just "wartime" to "war and pandemics" or something like that, but no such change has been suggested yet.

I rarely post here, but as a fellow Swede I felt I just had to respond.

First of all, I'm happy you are feeling better and I hope you make a full recovery soon.

The Swedish situation has little to do with its laws, but rather as a result of the recommendations by the Government in general, and by the FHM (The Swedish Public Health Authority) in particular, or should I rather say the lack of thereof.

Take our neighbouring countries Norway and Finland as an example. We share similar laws and we have similar traditions, ways of living etc. They have 232 respectively 297 death, compared to Sweden's 3674 death as of today. The difference is their governments has acted much more forcefully and managed to protect their elders.

The lack of testing of workers in hospital and nursing/elderly homes has made the virus spread uncontrollably among our most vulnerable people.

Myself is utterly disgusted how Swedish authorities has handled this pandemic so far.
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
Meanwhile: nice Sunday pump!  Cool
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
An interesting fact to consider ..



Quote
Just over two weeks ago, 80MB worth of transactions were choking up the network. While that number has managed to come down, it hasn’t managed to stay down. The constant flux in the mempool size suggests Bitcoin has had few opportunities to rest in the past 30 days.

Source: https://www.coinness.com/news/651768
            https://decrypt.co/29112/bitcoin-fees-halving-rise-mempool

Uberbullish!  Cool
legendary
Activity: 2140
Merit: 1628
We choose to go to the moon
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