Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7891. (Read 26608905 times)

The Corona Crisis is Not a Black Swan: Nassim Nicholas Taleb
https://youtu.be/Tb2pXXUSzmI

Fine display of that rare commodity - common sense.

Is The Dude really Leo. 6.5 yrs.... Did CryptoQ hit max age and The Dude replaced her. So many questions....

via Imgflip Meme Generator

But seriously, good job converting the new one to a coiner. 

A new cryptocurrency wallet insurance product from Coincover offers better protection than many existing custodial solutions, the firm says.

The Cardiff, U.K.-based risk management provider announced Tuesday that its insurance policy, underwritten by Lloyd's of London, would now provide Civic wallet users up to $1 million in cover. The insurance is assigned automatically when a user registers for a Civic wallet and requires no further steps to qualify.

The firm said this is the first hot-wallet insurance offering to date that offers $1 million in protection.

My nephew has recently been expressing interest in knowing more about how the financial markets really work. It's nice to see him thinking for himself and expressing scepticism about the system. But I don't have much time at the moment to sit down with him and explain the corrupt relationship between the Fed, banking system, govts, QE, etc. etc. Any recommendations for something which I can direct him to which explains this all for a bright teenager who is already suitably cynical of mainstream media?

Bullseye article on ZH. Nailed it.

https://www.zerohedge.com/health/p-pandemic-and-o-orwellian


Best quote:

I am sure his contribution here is actually worth something.  But it surprises me how much I recoil when I read yet another celebrity pontificating about things. It bothers me especially with the whole: "I am not a doctor, but I played on on TV" angle.  What a plastic world we have built.

And boy, I have become cynical.

Interesting. But wouldn't more miners means the price goes *up* since they don't want to dump bitcoins at a loss?

Very interesting newsletter today:

Miner-led selling pressure for Bitcoin is likely to continue to increase because both Bitcoin Cash and Bitcoin SV will be experiencing their halving on April 8 and April 9, respectively. All three assets share the same SHA-256 mining algorithm and miners can seamlessly redirect their hash power to the asset that provides the highest return on investment.

When Bitcoin Cash and Bitcoin SV halve their block rewards, this should force miners to direct even more hash power to Bitcoin as it will still have a 12.5 native unit block reward (instead of 6.25) for about a month longer. Therefore, we should expect difficulty increases for Bitcoin that should further squeeze profit margins for all miners.

It is concerning that miners are in a state of capitulation even before the halving. Once the block reward halves, miner revenue will be cut in half while miner costs will remain constant, so we expect even more miners to capitulate in the months ahead.

Miner capitulation increases selling pressure until inefficient miners are forced off the network, but in the long run these events are supportive for prices. Culling inefficient miners allows only the most efficient miners with the lowest cost of production to remain. Once inefficient miners exit the network, profit margins will improve for the remaining miners, which reduces selling pressure, increases prices, and should repeat in a virtuous cycle. Eventually, if prices bottom and recover, the pro-cyclical behavior of remaining miners should support further price increases.

I am sure his contribution here is actually worth something.  But it surprises me how much I recoil when I read yet another celebrity pontificating about things. It bothers me especially with the whole: "I am not a doctor, but I played on on TV" angle.  What a plastic world we have built.

And boy, I have become cynical.

#covidiot I'm scared, please don't do anything to make that feel foolish or I will have no choice but to lash out.

If we treated Covid-19 like we treat the flu, we'd have millions dead each year.If we didnt put brakes on cars billions would die. Ban cars.

spammie layer and sidekaak seem to have the biggest problems with the 'managing the narrative' on WO. Im embarrassed for being accurately called out as something of a paranoid schizo, just like Roach. I spend a lot of time scaring myself with elaborate and implausible scenarios.

... free thought and discussion will get disrupted and spammed to death.When I get scared and short BTC, I try to spam the stuff that made me panic short, hoping others will listen. More rational WO members easily tear apart my wild theories and poke a bit of fun at me. I hate this so much.

Like mention that SARS-COV-2 is probably manmade virus they will get highly agitated, (therefore is probably the truth govvies are trying desperately to hide) Im paranoid to the point I think normal people are working for the government to suppress my super special secret knowledge. I hear medication would help, but I think its a government ruse to keep me sedated.

They attach to thought leaders and attempt reputation-destroying through any means possible ... they always seem to get a little girl crush on me, (roach was the same) so probably same operation, different pseudoyms, yet I hardly ever post on here except when times are 'interesting'. Im still upset Slayer said I had a vagina. Hurt pride is a bitch.

The response does look highly organised globally, right down to the long delays in closing borders (allow disease to spread widely), the same strict testing requirements until disease has spread and now the same lockdown (crashing of global economies simultaneously). Now we get coordinated suppression of freedom of expression (clampdown on 'misinformation', social media), freedom of movement and pushing millions into dependence upon the welfare states.Paranoid copy pasta. Boogey man is gonna getcha, yada yada.

Temporary global governance and a global budget with globally aligned currencies (one world currency) are the next phases possibly..Pro bono proctologists will come down from the sky and insert a galactic currency in your rectum!

Morpheus is not talking about machines anymore. 

https://twitter.com/ColumbiaMSPH/status/1243628860987580420

Hello gang,

I don't usually do this kind of thing, but I'd like to point out a valuable bitcoin related initiative.

Helperbit is an Italian company that deals with Peer to Peer donations, with maximum transparency:


Disclaimer:

• I am not in any way related to Helperbit (I only attended the presentation of their project by their founder Guido Baroncini Turrichia years ago at a Bitcoin Meetup in Milan)
• I also place it above all to give an example of how the blockchain can be used to add transparency to a project
• It is not an obligation to donate funds, everyone makes their own assessments, based on their possibilities, inclinations and preferences.

The main milestone has been reached, 260kg of stuff delivered to Italian #RedCross - Colli Albani!

This shows how it's possible to turn worldwide $BTC donations into tangible assets, in just 2 weeks and spending much less than 1% in fees Rocket

The report:
https://blog.helperbit.com/en/2020/03/30/from-0-to-20-thousand-in-two-weeks-how-the-bitcoin-community-has-helped-italy-to-face-coronavirus-emergency/