All posts made by gwaur in Bitcointalk.org's Wall Observer thread
1.
Post 43480511 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.03h):
these are two distinct platform which coincidentally share the same name. Zimbeck doesn't have anything to do with the second one, afaik.
2.
Post 48056194 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.13h):
<crap>
confirmed roach's alt.
3.
Post 48108898 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.14h):
finally crypto mining companies are starting to go bankrupt. looks like it's that time of the year already.
https://cointelegraph.com/news/crypto-mining-firm-giga-watt-files-for-bankruptcy-faces-eviction-in-washington-countystill waiting for 'bitcoin dead' headlines, but looks like it may be time to slowly start accumulating.
4.
Post 48208538 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.15h):
5.
Post 48253766 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.15h):
I need to examine myself
I recommend Ayahuasca, towards that end.
This has been somewhere between the dumbest thing I've ever done and the worst thing that's ever happened to me. Drugs are definitely in order.
Skip the dreads and terrors of the tea, and go straight for the DMT, businessman's holiday in and out, bang bang wtf man.. it will take your mind from your pain.... It will take your mind from everything tbh lol, don't do the synthetic shit though
Tbh I am kidding, I cannot advocate it to anyone, tha DMT shit is just too profound and bonkers to be suggested willy nilly to folk.
I enjoyed it (most of the times)
Designer drugs are off the table. A box of wine and some cardboard, maybe.
DMT is no designer drug. there's a reason it's called 'the spirit molecule'.
6.
Post 48412981 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.17h):
yeah... there's still a chance that we might bounce off 2500-3000 in January, but i fully expect the bear market to extend into Q2/Q3 and bottom out at the previous ATH.
anyhow, watch out for the January sell-off. people are still holding back on cashing out because taxes, but the beginning of 2019 may be harsh.
7.
Post 48457473 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.18h):
So looking at the last bubble we could go under 1k
we could briefly dip under 1000, yeah. but at 1k everybody and their uncle will be buying btc on credit again, and i find it hard to believe that 'they' would allow the plebes to gather big amounts of cheap btc ever again.
8.
Post 48479089 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.18h):
<snip>
Far less relevant things are discussed here every hour of every day. Bitcoin requiring the power consumed by 5 million US households is nothing to sneeze at. Yet the market and capitalism dictates it to exist because it still remains profitable (though just barely). Hash rate has been falling recently so that's a start. It will obviously remain feasible until it isn't. Just saying PoW isn't winning over the hearts and minds of many environmentalists.
https://digiconomist.net/bitcoin-energy-consumptionReport: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy
https://news.bitcoin.com/report-bitcoin-mining-doesnt-fuel-climate-change-it-benefits-the-global-economy/tldr: 78% of Miners Use Renewable Energy
9.
Post 48540935 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.19h):
i am reading this a few days per week, lately every 1 or 2 days if i have time
and, i cant stand it anymore, so i am gonna pop the question
whats up with the hats?
circle jerk.
10.
Post 48543235 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.19h):
i am reading this a few days per week, lately every 1 or 2 days if i have time
and, i cant stand it anymore, so i am gonna pop the question
whats up with the hats?
circle jerk.
You stupid, myopic bastard.
A few years from now, these hats will be critical for verifying the identify of people worth more money than you can possibly imagine.
for taxes or extortions?
11.
Post 48543339 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.19h):
for taxes or extortions?
Entrance to the $100k party.
You ain't getting in.
just have to keep posting enough shit here. you'll beg me to come, eventually. :>
12.
Post 48543439 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.19h):
for taxes or extortions?
Entrance to the $100k party.
You ain't getting in.
just have to keep posting enough shit here. you'll beg me to come, eventually. :>
...or put you on ignore
sheesh, must've touched a nerve.
13.
Post 48545799 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.19h):
for taxes or extortions?
Entrance to the $100k party.
You ain't getting in.
just have to keep posting enough shit here. you'll beg me to come, eventually. :>
I rather think not
welcome to my ignore list
likewise.
14.
Post 48546265 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.19h):
Anyone have a chart comparing 2014 bear market difficulty to present day?
That's a hard chart to make meaningful. Different hardware availability, different hardware profitability, and different scales of mining companies. Too many variables really.
Anecdotally though, as a former miner from back then, I think this crash is a little bit deeper for miners (evidenced by the decreasing hash rate). I was mining back then and I was profitable until the second half of 2015 at which point I was mining at about break even for "electricity only" with $250 BTC. I was losing money on the facility costs and made no money for my time invested.
The operations now days are much larger with much larger fixed costs for facilities, loans and employees. $6000 was probably break even for them with the difficulty of a month ago. Now, difficulty is down ~20% and prices are down ~40%.
Every miner in the world is likely losing money now if they sell mining proceeds daily. Very few miners do that though. As a miner, you are a trader by default. Just like a farmer, you store your crops if you can and wait for the best time to sell. The longer these prices remain, the more miners will file for bankruptcy or sell their stash to cover basic necessities such as electricity and payroll.
With enough bankrupt miners, the difficulty should theoretically drop another 20% while prices stay ~$3500 to balance things out.
EDIT: The point though is that we are in the second half of 2015 if you are using mining difficulty/profitability as an indicator and comparing the last bear market to this one.
now the miners are shorting too.
https://news.bitcoin.com/chinese-miners-short-btc-markets-to-hedge-against-falling-prices/
15.
Post 48586963 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.20h):
who thinks this way?
yeah that's pretty close to my approximations as well.
16.
Post 48590121 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.20h):
So everyone (myself included) is in agreement that the next all time high will be around 2020-2021? From the crowd is always ng cmp, I wonder how this next cycle will play out. A double bubble à la 2013 or a delayed bubble in 2022, or later (bleh). With Bakkt, NASDAQ, etc, we may drum up enough interest to start the cycle sooner this time.
right, but the next halving is in 2020, so i'd expect the next big pump in 2021/2022, rather than 2020/2021.
17.
Post 49002450 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.24h):
what's all this happy fucking new year bullshit?!?
2019 is looking to be a major shit show, I don't see any happiness anywhere this year, sorry but that's the truth ...
climate marxists have infested the largest institutions and are spreading their filthy eco-facist lies and propaganda ... the world is in debt of historic proportions, most of which will be defaulted on or inflated out of existence .... wealth, assets, means-of-production and yields are becoming concentrated in fewer and fewer hands ... decision making and power is becoming increasingly centralised and prone to corruption, incompetence, failed ideologies and nonsensical thinking
happy fucking new year chumps, stick it!
Maybe a tsunami will come and wipe it allllll away
18.
Post 49199475 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.26h):
don't give a fuck about ETFs, Bakkt and shit. they're the ones begging to be let into this bitcoin business, and i'd let them squirm for eternity if i was the one deciding to let them in. the truth is, it's the institutions that are going to get a boost on crypto's back, not the other way around. the floodgates have been opened, the wooden horse is already within the walls of Troy, the virus has spread. bitcoin doesn't need them, they're the ones who need it simply to stay relevant.
19.
Post 49385439 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.27h):
Ugandan firm uses blockchain to trace coffee from farms to stores
https://www.reuters.com/article/us-uganda-coffee/ugandan-firm-uses-blockchain-to-trace-coffee-from-farms-to-stores-idUSKCN1PH1ZW?il=0An Ugandan company has started using blockchain, the technology behind virtual currency Bitcoin, to certify shipments of coffee to try to meet growing demand from consumers for more information about where products have come from.
20.
Post 49393704 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.27h):
Even most banks don't require scans of passports and driving licences. It's a pity decentralised exchanges don't have high volume markets.
W0rd, my banks don't have scans of my personal documents.
How? Banks don't allow anonymous accounts. How do they AML/KYC without your docs?
you just go to a bank and
show your documents in person. they're not gonna scan or copy anything this way.
21.
Post 49396985 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.27h):
you just go to a bank and show your documents in person. they're not gonna scan or copy anything this way.
https://www.ncua.gov/files/regulatory-alerts/RA2005-05Encl.pdf2. Can a bank keep copies of documents provided to verify a customer’s identity, in
addition to the description required under 31 C.F.R. § 103.121(b)(3)(i)(B), even if it is
not required to do so?
Yes, a bank may keep copies of identifying documents that it uses to verify a customer’s
identity.
I think it's safe to assume that some banks do keep scans. It's been ages since I opened an account, but I'm pretty sure they made photocopies of my ID.
well they don't do that here in the EU. yeah i've heard they sometimes try to, but then you could always refuse and simply go to another bank.
and now with GDPR, they have it even harder to ask for your data, they can't do much with it and you have to give explicit permission for anything they'd want to do with it.
so no scanning ids here.
22.
Post 49399671 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.27h):
I would be very unhappy if my phone got stolen with all my crypto on it
phone wallets are meant to be used for quick transactions, so you'd normally keep just a portion of your holdings there.
23.
Post 49443266 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_16.28h):
Plus... I believe Samsung is mining now. Probably they are a pretty large percent of hash by this point.
I don't see the secure wallet being in the S10 as a bigger bull run possibility than an etf, that's just insane wishful thinking.
so you think something legitimately useful for promoting real usage is less important than a tool for facilitating market manipulation by the banksters?
24.
Post 52632672 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.03h):
it's a new asset class, with no direct 1:1 analogy to legacy assets.
i tend to simply think of it as a (crypto)currency, as originally intended. the definition of a 'currency' should be broad enough to work mostly fine here, the main issue being acceptance.
or just think of BTC as 'money':
a means of exchange, a store of wealth, and a unit of account.
25.
Post 52632879 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.03h):
I wonder what would happen to the price of Bitcoin once quantum computer technology advances. I suppose quantum miners would plummet the markets to the ground? It might take a while for Bitcoin to recover from that one... If it ever does...
Edit: Although by that point we would probably have only a small amount left to mine so it would not matter maybe.
google's new toy is a simple RNG generator. so yeah, designing a quantum computer that would serve as a universal decryptor is going to take a long time. sure it's possible that such a machine will emerge in the future, but then it's not just BTC and other crypto that's in jeopardy.
all existing encryption will be just as useless, including all banking systems, and the whole internet as it is now. no SSL certificates, no e-mail passwords, no safe military communications. whole industry sectors would be wiped out, all existing financial and military protections useless. this scenario is obviously infeasible, and it should be obvious that when quantum computing advances to a point where it's able to make all our encryption systems useless, it will at the same time provide encryption algorithms that will be just as hard for quantum computers to break as our contemporary encryption is tough to break for computers that we're using now. other security measures would also appear that will exploit some kind of fundamental weakness in quantum computing, introduce sufficiently hardened encryption, or alternative security measures.
computer security is an endless arms race. just keep your keys safe, update when needed, and you're going to be fine now, in the present, as well as in the foreseeable future.
social engineering is a always a primary attack vector anyway, and no advances in technology are going to change that.
TLDR: when quantum computers are good enough to break encryption, just update your wallet and follow on-screen prompts.
26.
Post 52771047 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.04h):
<snip>the oldest democracy of the world<snip>
Athens, Greece?
27.
Post 52783411 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.05h):
I find it mildly instructive that the Kurds would rather live under Assad than Erdogan.
Doesn't quite fit the narrative we have been sold.
there's no option for them to 'live' under Erdogan. he wants to exterminate them, not invite them over.
they simply don't have anywhere else to go.
28.
Post 52813190 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.05h):
Such a lovely bottle......
Where'd you get that bottle? Is it coincidence that it's named that way? (I think there are more Satoshis than we realize, outside of this forum.)
cursory google search came up with this:
https://www.satoshi-spirits.com/no coincidence either, 'cos they accept bitcoin.
29.
Post 54106431 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.21h):
I think the NHS is also down a lot of money thanks to Brexit.
Hm. Wonder when the horde of diseased refugees will try to invade Ireland. They may need a wall.
Brexit hasn't actually happened yet. Although UK formally left the EU on 31st January, in remains subject to EU regulations during a transition period which will end on 31 December 2020. Given the current situation, it's probable that that date will be pushed back, so until then UK is, in effect, still in the EU.
On a side note, it's interesting to see how quickly the EU nations reinstated their old borders as soon as some panic came along. No freedom of movement (one of the EU's pillars) now....
also interesting is how guys in the US have suddenly turned socialist all of a sudden. that's the thing with crises dude. everything's fine, until it suddenly isn't. the plague doesn't care about politics and worldviews.
30.
Post 54123899 (copy this link) (by gwaur) (scraped on 2020-04-04_Sat_17.22h):
Observing $6,375 & eating lots of junk food at home, self isolating. Just had my gardener do 3 hours of work, he’s probably not supposed to be working but fuck if I’m expected to garden, no thanks.
gardening is actually pretty relaxing, and good for your health too. you're basically paying people to have fun and exercise.
