All posts made by kellrobinson in Bitcointalk.org's Wall Observer thread



1. Post 23057780 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_15.23h):

Quote from: bones261 on October 15, 2017, 07:32:23 PM


Not too keen. Norwegians aren't too popular in Thailand. We mainly treat that country like a sex shop, so it sounds like a tense existence.

I was under the impression that tourists of all nationalities treat Thailand as a sex shop.
Have you ever been to Thailand, or do you merely traffic in stereotypes?
I spent time in Thailand two years ago.  I visited Bangkok and took the train to Chiang Mai, among other things.
And I spent some time last year visiting friends in Stavanger, on the western coast of Norway.
When I read the kind of thing I see in this thread, it makes me wonder who is doing the talking, and why they're saying such things.  I'd bet 0.001 XBT that the guy who says he's Norwegian hasn't been to Thailand, and that you haven't been there either.



2. Post 23377108 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_15.24h):

You are so harshing my mellow!



3. Post 23377392 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_15.24h):

Quote from: explorer on October 22, 2017, 06:44:01 PM

We live in a declining culture. When a culture is in the ascent people are rational and cooperative because all the people who weren't fucking died along the way. Past the peak, which I estimate to have happened in the 80s, people who literally think like children become an ever-increasing majority and the few rational people left are out-grouped. And then a lot of people die and the cycle resets.

So rational people find scapegoats to blame many of the ills of society, and think that somehow banishing the scapegoats is going to bring us to some kind of resolution? Okey dokey, we'll roll with that.  Roll Eyes
Newsflash: even if the scapegoated group actually does cause many of the ills, and they are effectively "neutralized", some other group will come along and fill in the gap. Roll Eyes
Projection is what the left does. This is just description. And no, there is no solution.

Of course there is no solution. Human beings are flawed entities. Our outsized brain requires a lot of energy, so we are predatory and territorial by nature. "Becoming Vegan" is no solution either, since in order to ensure our brains have enough nutrition, one needs a lot of territory.   Grin
Life, in general, just isn't fair. There will always be a life form that uses an advantage and exploits another life form. Even plant life has its parasites. Even the trees, that grow up high and have their canopies spread wide are doing so at the expense of all the plant life below that have to settle for the slivers of sunlight that reaches them.


Kill all of the trees! 

OK, almost done with that, what's next?
https://www.nytimes.com/interactive/2017/10/20/climate/iceland-trees-reforestation.html



4. Post 23833490 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_15.24h):

Bitcoin's biological analogues extend beyond animals like the honey badger, into the plant kingdom.

Meet the Overcompensators, Plants That Get Tougher and Meaner When Attacked



Damaging some plants sets off a molecular chain of events that causes them to grow back bigger and produce more seeds and chemical defenses simultaneously.

If plants could be stars in a cowboy film, the scarlet gilia would be one of the meanest wildflowers west of the Mississippi.  You can find it standing tall among the sagebrush on mountainsides, its red flowers blazing. Drought can’t always stop it. Shade won’t faze it. And when mule deer and elk start grazing on it early in the season, it comes back bigger and stronger, with more defenses and a posse of new plants.


https://www.nytimes.com/2017/10/20/science/plants-defenses-overcompensators.html



5. Post 52575918 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.03h):

Quote from: becoin on September 27, 2019, 06:15:23 PM

Greta is a psychopath.

She has Asperger's, a mild form of autism.



6. Post 52830676 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.05h):

Quote from: wachtwoord on October 21, 2019, 11:12:10 AM
I don't know why, but I now feel the urge to post another one:



Source: Bitcoin’s natural long-term power-law corridor of growth

This is an uberbullish log-log graph (log axis on values, log axis on time):

Quote
It predicts that the price will not reach $100 000 before 2021, but it also predicts that the price will not be lower than $100 000 by 2028. It predicts that the price will not reach $1 000 000 before 2028, but also that the price will not be lower than that after 2037. The model predicts ever increasing prices, although at a slower and slower rate.


Hope you like, Mic


Looking at the graph the maximum price before 2021 is well under 100k (90k).

Other than that: cool graph. Seems to be a bit more on the conservative side when compared to the past.
The concept of putting time on a log scale is... interesting.
Generally, you would use a log scale for something that accumulates, grows or shrinks.  Such things as stock and commodity prices, the mass of a pile of rocks, and absolute temperatures Kelvin don't exhibit negative values; they have a well defined zero point, and positive values are the only values to consider.  It makes sense to use logarithms on scales where zero is fixed, accounting for changes in proportion.
Time doesn't have this proportional quality.  One doesn't say there was twice as much time in the year 2000 as there was in the year 1000.  And to use a log scale at all, you have to set a point for time zero.
Coinmonks didn't state what point he uses as time zero for his log axis, which led me to do a little mathematical forensics on his chart to find out.
You'll notice that the distance from 2011 to 2012 is the same as the distance from 2013 to 2015.  so:
(2012-tz)/(2011-tz) = (2015-tz)/(2013-tz)
and
time zero = 2009

edit:  InTheLoop made a comment on Coinmonk's Medium post that bears directly on the matter of defining bitcoin's time zero for the price model

Thanks Harold. You are using time in days since 2009, likely based on bitcoin’s genesis block on 3 Jan 2009. However, in the beginning there wasn’t a great deal of trading and thus price discovery,
so it’s natural to introduce the starting day as an additional parameter in the model. Together with slope and intercept this leads to a three-parameter power-law model, exactly what I have described in my article.
That shift parameter then turns out to be 312 days before 17 July 2010 (the origin of your and my price data), so based on current full historic data, bitcoin’s starting date of the power-law is estimated at 8 September 2009.
Using such 3-parameter fit will increase the quality of the fit even further.
See: https://medium.com/@intheloop/when-moon-rational-growth-ranges-for-bitcoin-ffaa94c9d484



7. Post 52962561 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.06h):

Quote from: Biodom on November 02, 2019, 09:34:41 PM
I looked at the bunch of charts this afternoon and PlanB/digitalik one's continue to impress.
The question is: if this is basically a co-integrated chart where btc is almost pre-destined to go to about 55-100K after this halving, then when to expect the rally?
Last time we were lagging in June/July 2016 at $500-700/btc when "theoretical" value jumped to about $4K.
It probably represented the best entry point as far as short term risk/reward ratio looking backwards a few years.
However, since now these charts were wildly circulated, one can expect a run that might peak actually at the halving or shortly thereafter, like in Nov-Dec 2020 instead of Nov-Dec 2021?
Hoping that price stays flat and there would be some instrument to buy btc in the retirement account. Don't want to "invest" in anything else there at the moment.
If blow-off tops continue the phase relationship established with the last two halving cycles. then we're looking at late 2021.
See my post, "secular and cyclic model with forecast"
https://bitcointalk.org/index.php?topic=5198154.msg52962479#msg52962479



8. Post 53272505 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.09h):

https://bitcointalk.org/index.php?topic=5198154.msg53272496#msg53272496
 




9. Post 53297442 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.09h):

Speaking of parabolic...




10. Post 53426352 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.10h):

The red and green traces show the transform of bitcoin's price through the quadratic on the vertical axis. The blue curve is hopium  Wink
The hopium curve bottoms at the halvings and shares their periodicity.



11. Post 53478604 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.10h):

Quote from: BobLawblaw on December 30, 2019, 07:35:50 AM
Looks like we're in the makings of a bit of a slow rise for BTC at the moment. Hoping to wake up to something... interesting.

Good night, brothers.
You are correct.  The bottom is in.  Corn won't dip much at all below the current price.  And volatility may be low for nearly a year.  Slow rise.







12. Post 53643062 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.12h):

Quote from: infofront on January 18, 2020, 07:05:28 PM

Personally, I've been noticing the estimates for the bubble tops decreasing. I recall in 2018, some popular tradingview and twitter guys were claiming we were just taking a breather on the way up to $400K. Now there seems to be a prevailing sentiment that we'll top out <=$100K on the next bubble. Who knows? There are so many different prediction models that are all supported by past data, but give wildly different future results.

Those peaks represent transients.  With very few data points, less than half a dozen in bitcoin's entire history, it's hard to gin up the confidence to make predictions about the magnitude of the next peak, if any.

In contrast, there's underlying support in the form of a parabola with a horizontal axis, which has dozens or hundreds of data points (red curve, below).
It's a pleasant coincidence that a time-shift of the support curve produces another curve that just touches the tops of the bubbles that followed the first two halvings (green curve).



Extrapolating the timing of the halvings predicts the next peak between $150k and $200k.




13. Post 53748938 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.14h):

Quote from: marcus_of_augustus on January 31, 2020, 10:26:18 PM
asian culture has very crowded conditions and abysmal hygiene standards, (spitting everywhere, uncovered sneezes, hacking, washing hands infrequently, etc)

What hole did you crawl out of?
Asians clean their asses with actual water after taking dumps, instead of taking a piece of paper and smearing the shit around.  Have you used a toilet in Southeast Asia?  There's a hose with a spray nozzle.  We expats like to call them "bum guns."  It's fkn great to have a CLEAN ASS.
Asians take their shoes off indoors.
Asians don't go around spitting, sneezing and whatever your perfervid racist imagination requires.  Most of them cover their mouths just to use a toothpick, out of politeness.




14. Post 53755835 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.14h):

Quote from: marcus_of_augustus on February 01, 2020, 11:13:51 PM
probably really got going when patient zero from the wuhan virology lab diarrhea bombed the toilet at the crowded wuhan wet market

... shall we have the asian hygiene standards discussion again? "Bum guns" takes on a whole new meaning. Or troll out "racist" labels to shut down practical discussion. Florence Nightingale pioneered basic hygiene standards in the Crimean war 1800's ffs, asia still hasn't really caught up with the ethos of that. You'll be happy to know your ass is fresh and clean as you're drowning in your own lung-fluid  Roll Eyes Roll Eyes
Smile when you say that  Grin Grin Grin



15. Post 53829381 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.15h):

Quote from: Gyrsur on February 13, 2020, 09:47:08 AM
long term price prediction even with colored pictures is not a reputable business.

But we like colored pictures!



Quote from: marcus_of_augustus on February 13, 2020, 10:23:08 AM
if we go back to $6k (I give it a 50-50)
It's either gonna happen or it isn't.  Sounds like 50-50 to me!



16. Post 53868549 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.15h):

Quote from: JayJuanGee on February 19, 2020, 04:08:13 AM
There is also the problematic nature that an investment, such as bitcoin that starts from zero is going to have pretty steep performance once it gets a value that is much above zero... So for example, maybe we could start measuring bitcoin's value in 2011, and bitcoin was valued in about a $2 to $7 price range for a large portion of 2011.

horizontal line, USD 0.0224:  begin global liquid price discovery
Just my two cents




17. Post 53878096 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.15h):

Coffee cost averaging.



18. Post 53961560 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.17h):




19. Post 53992010 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.18h):

This chart reflects the March 8 close on Bitstamp at $8033.70. As you can see, we are close to touching historical support. Vertical axis uses a quadratic transform.




20. Post 53992216 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.18h):

Quote from: JayJuanGee on March 09, 2020, 04:58:21 AM
This chart reflects the March 8 close on Bitstamp at $8033.70. 

Bitcoin does not close, and neither does bitstamp...  Wink


 Cheesy Cheesy Cheesy
The sun doesn't close, but it sets.



21. Post 53992734 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.18h):

Quote from: Paashaas on March 09, 2020, 07:44:05 AM
Single toilet paper roll sells for $1000 Tongue
Toilet paper is the new shitcoin.



22. Post 54006206 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.18h):


Ready for liftoff, all systems go




23. Post 54011317 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.18h):

Quote from: hodl_2015 on March 11, 2020, 05:37:11 PM
Al we need now is clueless newspapers writing that bitcoin is going to be halved in two months.
Bitcoin IS going to be halved in two months.



24. Post 54011338 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.18h):

Quote from: nutildah on March 11, 2020, 05:46:33 PM

You said bitcoin was "specifically meant to go way up in price." That's the part I had a problem with. Satoshi didn't design bitcoin for that purpose. Proof of this lies in the million (or more) untouched Satoshi-mined coins. If he was motivated by profit, he would have moved them a long, long time ago. I don't think there's any sort of long-term scheme we don't see in that regard; I think the coins won't ever move.
What happens to those coins when Paul LeRoux gets out of prison depends on whether he used a brain wallet and remembers the phrase.



25. Post 54021714 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.19h):

Quote from: strawbs on March 13, 2020, 01:39:26 PM
On a lighter note, I found toilet paper - 6 hours drive from home in another country where the farmers don't panic because they're already used to feast or famine.  I'm pretty certain they still have all their Bitcoin too.

 Damn you guys typed a lot yesterday.


A 6 hours drive for TP? It would have been quicker, easier and cheaper to install a bidet.
And more sanitary.  Trying to clean your crappy crack with dry paper is barbaric.  Clean yourself with water, for chrissake.



26. Post 54095750 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Looking to YouTube videos for proof that the world is real...  now that's a cognitive malfunction.



27. Post 54095826 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Torque on March 25, 2020, 06:08:35 PM

Also, please point me to the World Joint Investigative Task Force put together by all the major nations affected by the coronavirus, whose mandate is to investigate the source of the virus, find out *exactly* where it originated from and how/why, and to make sure that this kind of thing NEVER EVER happens to the world again. Because such a task force would make total sense, right?
Yes, totally.

The virus jumped from slaughtered wildlife to humans at a wetmarket in Wuhan.
The Chinese would go a long ways toward stopping "this kind of thing" by coming down like a ton of bricks on the wildlife market.
According to the New York Times,
https://www.nytimes.com/2020/02/27/science/coronavirus-pangolin-wildlife-ban-china.html
The coronavirus epidemic prompted China to permanently ban trade of wild animals as food, but not for medicinal use.
Oops!  Evelybody know shalk fin and pangorin good fo you!
There goes the Chinese ban on the wildlife trade.
And Africans need to stop eating apes.



28. Post 54095853 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Maybe somewhere in between.  Not all in, but not wimpy 50/wk DCA.  Perhaps model a decaying exponential to determine purchases, which would bias contributions in the near future and then tail them off.



29. Post 54095866 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Torque on March 25, 2020, 06:23:38 PM
Come back to it in 2-3 years from now and enjoy the near-order-of-magnitude profits.

I agree with your sentiment, but any investment should be a minimum of 8-10 years holding, if not much longer.

Thinking 2-3 years outlook will cut it is the problem with most people's mindset about investing.
Yeah, you need a 4 year horizon at minimum.  The market has followed a 4 year cycle since the first halving came along.



30. Post 54096941 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Is there anything to this?
https://cointelegraph.com/news/why-todays-btc-difficulty-adjustment-may-cause-the-price-to-plunge



31. Post 54097025 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Quote from: jbreher on March 25, 2020, 11:30:11 PM
I thought the genesis block had a bug that made it impossible to move the coins off it.

Bug?
It looks like a feature now.



32. Post 54118851 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Quote from: rolling on March 29, 2020, 03:52:04 PM
Have to agree with Roger Vermin here -

@rogerkver
If YOU are worried about the coronavirus, YOU should self isolate.
Leave the rest of us alone.
https://twitter.com/rogerkver/status/1244263515172601857?s=21

You know you're on the wrong side of any argument when you find yourself agreeing with Roger Ver or CSW.
I know you're on the wrong side of an argument when you're in league with a clamoring majority.



33. Post 54118926 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Quote from: rolling on March 29, 2020, 03:57:54 PM
Have to agree with Roger Vermin here -

@rogerkver
If YOU are worried about the coronavirus, YOU should self isolate.
Leave the rest of us alone.
https://twitter.com/rogerkver/status/1244263515172601857?s=21

You know you're on the wrong side of any argument when you find yourself agreeing with Roger Ver or CSW.
I know you're on the wrong side of an argument when you're in league with a clamoring majority.

Roger?
Satan?  Cheesy
I kid, I kid!

Edit:  to be fair, the table Roger tweeted compares corona deaths at a fairly early stage of this epidemic versus other death causes that have been going on for many years (forever, some of them), and have stabilised.  In other words, possibly corona could deaths could ramp up until they overtake other death causes in the table.  This is just to show that I'm fair-minded enough to see all sides of the question.
Nevertheless, in principle I think that a lot of what you see is panic and people engaging in something like virtue signaling, for lack of a better way to describe it.  Everybody has to scream noble-sounding things.
Don't scream anything, stop the group-think, step back and reboot the old critical faculties.  Atrophied critical faculties.  And exercise them.  It takes some effort to just chill like that when the urge is to go full Chicken Little.

#Never go full Chicken Little.



34. Post 54119202 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.21h):

Quote from: Febo on March 29, 2020, 04:34:48 PM
Have to agree with Roger Vermin here -

@rogerkver
If YOU are worried about the coronavirus, YOU should self isolate.
Leave the rest of us alone.
https://twitter.com/rogerkver/status/1244263515172601857?s=21


Corona is only starting though.

These numbers don't make sense unless we get the same or less for corona in 2021 from Jan to March.

Yes and traffic fatalities will decrease by 2021 since everyone will be quarantined. So we are solving two problems.
Don't forget the drop in carbon-intensive activities and pollution in general.
Perhaps this virus is just Mother Earth defending herself.



35. Post 54120854 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.22h):

Bitcoin broke ten-year support and struggles to get back on track






36. Post 54127319 (copy this link) (by kellrobinson) (scraped on 2020-04-04_Sat_17.22h):

Quote from: jojo69 on March 31, 2020, 12:49:39 AM
Good time to donate to your local food bank.

by which you mean my fucking pantry?
Don't know about you, but...
I keep my food in the food pantry, and do my fucking in the fucking pantry.

Quote from: Syke on March 31, 2020, 01:06:15 AM
Bullseye article on ZH. Nailed it.

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


Best quote:

Quote
"Don’t look now but you’ve been screwed again. The Wall Street bankers are again able to borrow at 0%, while charging you 17% on your ever-increasing credit card balance. Why aren’t these scumbag bankers announcing a three-month moratorium on credit card and mortgage payments, with no interest accruing? Because their goal is to further enslave you in debt, while enriching themselves. They will run patriotic commercials, while sticking a red white and blue dildo up your ass."

Green dildos FTW

The dot com dildo. The housing market dildo. The coronavirus dildo. Too many god damn dildos.

Greed dildos FTW