Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7705.

cAPSLOCK

legendary

Activity: 3920

Merit: 5580

Note the unconventional cAPITALIZATION!

Quote from: Toxic2040 on May 20, 2020, 10:04:52 PM

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

I dunno. There is not this much volume here. It was just a handful of nervous nellies. I get the knee jerk though I think it is silly. Just one coinbase from a block with 4 digits. Let us see 4 or 5 more? Uh oh.

It gives me *some* solace that it is still not easy to know exactly who that was.

But I hate the damn data miners getting ANY info about a block that low.

Toxic2040

legendary

Activity: 1834

Merit: 4197

Sad and humbling at the same time. Bitcoin has weathered a global pandemic with remarkable strength...yet look at the reaction this is garnering from moving just 50 coin.

One has to wonder at the timing of the move..sure seems to have cooled off the market in a quick hurry.

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Most likely not Satoshi. Probably Dave Kleiman Roll Eyes

https://twitter.com/nic__carter/status/1263130214726582272

cAPSLOCK

legendary

Activity: 3920

Merit: 5580

Note the unconventional cAPITALIZATION!

Quote from: DaRude on May 20, 2020, 05:02:04 PM

Quote from: cAPSLOCK on May 20, 2020, 02:35:35 PM

Quote from: DaRude on May 20, 2020, 02:15:10 PM

Quote from: Hal on March 19, 2013, 03:40:02 PM

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

Seeing as they were tech savvy would they really be moving around coins from that far back? Certainly dad had some coins he mined closer to the time that BCT post was written? Ones much harder to identify. Ones that would make MUCH less of a splash when moved?

If they wanted to take 100k out of their hoard would they not have tried to less conspicuous? Would *my* opsec be better than Hal Finny's kids? I am not saying the'd jump through hoops... I'm saying the'd have inherited some of dads smarts as well...

It's officially known that Hal mined coins from back then, and he officially stated that he left it as inheritance to his kids. If the kid wants to buy a new car, why should s/he prioritize later coins over earlier? And even if they'd use the later coins first, you'd be asking the same question in 10yrs when they'd get to Hal's earlier coins.

Opsec, imho.

cAPSLOCK

legendary

Activity: 3920

Merit: 5580

Note the unconventional cAPITALIZATION!

Quote from: jbreher on May 20, 2020, 04:11:48 PM

Quote from: cAPSLOCK on May 20, 2020, 01:17:27 PM

This is possible. But it seems unlikely to me. Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend.

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

\
OK.. it's a bad use of language. The person would not be a cryptographer. The person would be someone who has a good knowledge of bitcoin and the opsec around moving coins from that low a block. And if it was Hal's coins it would imply a lot more than early coins. The blockchain analysis people started hyperventalating when this move happened. So, probably do crooks. As eventually do tax collectors.

So replace "cryptographer" with "advisor", or "sage" or "wizard" if you like.

The person moving those coins does so at the cost of great privacy loss.

My point is almost no one sitting on the keys to a block that low are going to move coins without regards to the implications.

smartcomet

full member

Activity: 242

Merit: 101

https://twitter.com/khannib/status/1263126477719158784

2017-8-7 $3300
2020-5-20 $9700

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

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Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: https://twitter.com/Free_Ross/status/1263229149402943489

Times Square says FREE ROSS! #FreeRoss2020

DaRude

legendary

Activity: 2938

Merit: 1951

In order to dump coins one must have coins

Quote from: cAPSLOCK on May 20, 2020, 03:11:33 PM

Quote from: Wekkel on May 20, 2020, 02:45:05 PM

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

This is, in my opinion, one of the more likely reasons these coins would have moved. The person making these waves and taking this opsec risk HAS to have a good reason to do it.

And if that *is* the reason, then i for one applaud them.

Unlikely, if it was a jab at Faketoshi a much better solution would be to just sign "Faketoshi going bankrupt in 3..2.." message (which i still hope they'd do)

DaRude

legendary

Activity: 2938

Merit: 1951

In order to dump coins one must have coins

Quote from: cAPSLOCK on May 20, 2020, 02:35:35 PM

Quote from: DaRude on May 20, 2020, 02:15:10 PM

Quote from: Hal on March 19, 2013, 03:40:02 PM

I thought I'd write about the last four years, an eventful time for Bitcoin and me.
...
And of course the price gyrations of bitcoins are entertaining to me. I have skin in the game. But I came by my bitcoins through luck, with little credit to me. I lived through the crash of 2011. So I've seen it before. Easy come, easy go.

That's my story. I'm pretty lucky overall. Even with the ALS, my life is very satisfying. But my life expectancy is limited. Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.
[edited slightly]

Don't see why Hal's kids would have to jump through any kind of hoops to spend their dad's well earned inheritance. RIP Hal

Seeing as they were tech savvy would they really be moving around coins from that far back? Certainly dad had some coins he mined closer to the time that BCT post was written? Ones much harder to identify. Ones that would make MUCH less of a splash when moved?

If they wanted to take 100k out of their hoard would they not have tried to less conspicuous? Would *my* opsec be better than Hal Finny's kids? I am not saying the'd jump through hoops... I'm saying the'd have inherited some of dads smarts as well...

It's officially known that Hal mined coins from back then, and he officially stated that he left it as inheritance to his kids. If the kid wants to buy a new car, why should s/he prioritize later coins over earlier? And even if they'd use the later coins first, you'd be asking the same question in 10yrs when they'd get to Hal's earlier coins.

serveria.com

legendary

Activity: 2492

Merit: 1230

Privacy Servers. Since 2009.

Quote from: Indymoney on May 20, 2020, 03:53:10 PM

Quote from: Last of the V8s on May 20, 2020, 03:42:59 PM

ccmf https://i.imgur.com/2uqP5hJ.mp4

Very good stuff after halving bubble Cheesy

Halving what? Cool

d_eddie

legendary

Activity: 2520

Merit: 3038

Fud is being spread
old bunch of coins got moving?
Satoshi didn't.

#haiku

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: cAPSLOCK on May 20, 2020, 01:17:27 PM

This is possible. But it seems unlikely to me. Someone in that position would almost CERTAINLY be being advised by a cryptographer with a good idea of what these action would portend.

I'm sitting here scratching my head trying to figure out what specific knowledge from the cryptographer's domain could bring to this decision.

Indymoney

full member

Activity: 896

Merit: 236

Quote from: Last of the V8s on May 20, 2020, 03:42:59 PM

ccmf https://i.imgur.com/2uqP5hJ.mp4

Very good stuff after halving bubble Cheesy

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

Quote from: Last of the V8s on May 20, 2020, 03:42:59 PM

ccmf https://i.imgur.com/2uqP5hJ.mp4

Step by step, Bart by Bart Cool

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

ccmf https://i.imgur.com/2uqP5hJ.mp4

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Ibian on May 20, 2020, 09:34:06 AM

Bitcoin transfers are instant.

If you are speaking of BTC, that ceased being true upon the activation of RBF.

jbreher

legendary

Activity: 3080

Merit: 1688

lose: unfind ... loose: untight

Quote from: Room101 on May 20, 2020, 08:36:18 AM

And technically it's still 1MB in the code, we just don't have to include all of the transaction data we used to, so we can squish more in.

Well, not really. It's still more than 1MB of data in the block. Relabeling it as some sort of loosey-goosey 'weight' does not change this fundamental reality.

sirazimuth

legendary

Activity: 3388

Merit: 3514

born once atheist

Quote from: Hueristic on May 20, 2020, 11:57:51 AM

Quote from: sirazimuth on May 19, 2020, 11:08:13 PM

Quote from: Hueristic on May 19, 2020, 09:59:47 PM

Quote from: Raja_MBZ on May 19, 2020, 09:01:48 PM

I remember some of you guys used to grin a lot... How's your sh!tcoin doing?

18 Months In, Few People Use, Mine or Buy Privacy Coin Grin

https://www.coindesk.com/18-months-few-people-use-mine-buy-privacy-coin-cryptocurrency-grin

Give it another year.

Ha! Been mining ~~that shit~~ grin straight to an exchange ever since it launched.
Then like once a month I log in and dump it all for bitcoin,
(Still don’t have a clue how to send or receive it, (grin) but who cares)
which keeps my hot wallet stocked with (accumulating) bitcoin dust.
One way to indirectly “mine” bitcoin with video cards I suppose.

Did you ROI?

I told people since day one to wait a few years before buying but you know, FOMO be a b1tch.

ROI? What’s that? Lol I kid (as usual)
Tbh I really don’t know as I don’t bother keeping track as we are only talking penny jar proceeds.
It’s more just for shits and giggles in my old age.
The cards I’m using (three 1070’s) I purchased ages ago and have mined various shitcoins over the years.
All dumped for bitcoin.
It’s the mining aspect that got me into bitcoin in the 1st place.
I actually mined bitcoin with S4’s back in 2015 and that DEFINITELY roi-ed and then some.
Sold the miners (another story) when diff was too high but still hodeling the coins.
Then just reverted back to mining with video cards to satiate my mining addiction.
(And dumping for king daddy...of course)

bkbirge

sr. member

Activity: 1197

Merit: 482

Quote from: Wekkel on May 20, 2020, 02:45:05 PM

A theory about the 40 BTC moved from the 2009 wallet: https://www.reddit.com/r/Bitcoin/comments/gnhrj9/breaking_news_the_address_of_the_bitcoin_from/fr9rxb3?utm_medium=android_app&utm_source=share

Thanks for sharing. I don't think the premise is that conclusive (other than CSW is full of it) but it did lead me to this reddit post that I think is awesome...
https://www.reddit.com/r/Bitcoin/comments/gmzbc0/i_finally_understand_it/

Quote

That’s when it hit me. Now I understand why people on nations that is f*cking their money up buys BTC, it saves it from inflation! Recently the Halving happen and it hit me again, Bitcoin is a deflationary money! Every day it becomes a scarce resource, but the demand is the same, making the price go up! Bitcoin is not the future, it’s the present! It puts me in the control of my wealth instead of a bunch of incompetent nations and politicians!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7705. (Read 26732513 times)