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1341  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 06:21:19 PM
[snip]
If you made any points to address, I might have something to write here.

(The reason it started to become an issue in 2015 was that blocks were beginning to get close to being full. Which came to fruition in early 2016)
1342  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 06:14:11 PM
But you bring up cell phone processors.

That's because that's what RPis use. Intended to provide an operating system for small, lightweight devices. Design parameters that are totally irrelevant for being able to validate the blockchain. Also no SATA interface which makes a difference since validation is very IO bound. Better a small PC or Intel architecture based SBC. An obsolete dust-laden PC from the shelves of Goodwill would be a better device for those purposes.

And I do understand that the big-blockers see small blocks as a bank takeover.

Some do, some don't. Certainly there are some connections in there but how relevant they are is unclear. I know I'm no fan of Blockstream and I think they have their own motivations. Certainly they appear to be a company which has spent a lot of money with little income. I suspect that's behind their hashrate selling shenanigans recently.
1343  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 05:38:50 PM
But, my Dr. sure ain't perfect, even with the points we discussed.  He refused to give Rx's for Ivermectin and HCQ.  We're vaccinated, but we know MOAR pandemics are coming.  Yet he would not allow me to get them (and yes I know that they may not work, but that ought to be my decision).  Grrr...

Ivermectin is apparently available at vet supply stores. Not sure about HCQ but there is also the dark web (I haven't checked there in a while but with HCQ readily available in many countries, I'd bet it can be found easily).
1344  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 04:10:02 PM
It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.

Beginning to feel like that bear market again.
1345  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 04:06:49 PM

The white paper is always brought up. And Satoshi had not anticipated ASICS (who knows if that later Satoshi email is real where "he" talks about exactly that) and that changed EVERYTHING.  It made the idea of the "validation node" important.  Vitally important.  We discovered by this tech that between hashing, and consensus validation the latter *might* be more important, though they go deeply hand in hand.


Many would have been happy with cautious size increases. There's no real justification behind the 1MB (as would be expected from it being implemented as an anti-DOS measure when blocks were tiny) and the theoretical maximum while still maintaining your goals is much higher than that.

I'd advise not getting wrapped up in Raspberry Pis. They are cool devices and I own many but they are not optimal for this kind of service by any means. They are radically underpowered and even within the realms of SBCs, there are more powerful options available. It's not a binary choice between cell phone processors from the early 2010s and supercomputers in datacenters.

I also disagree with the usefulness of "validation nodes". They don't have zero value but they're not as useful as people think and they're certainly not worth crippling the network for just so people can run them on sub-par hardware. If your security is worth $40 per transaction, it's certainly worth more than a $40 computer.
1346  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 02:42:17 PM
I *LOVE* being around people I disagree with.  An easy example:  You and I are falling on different sides of this argument, and I APPRECIATE the discussion.  As much of a iconoclast as he was around here I quite enjoyed jbreher and miss him.  But the signal to noise in /r/btc is mind numbing.  I would give some ridiculous examples but it would be a waste of time.

It's narratives, narratives all the way down.


Meh, there's noise everywhere and to my eye, a lot of the noise in r/btc is from trolls (of the bitcoin maximalist and (non-bch) shitcoin variety). Though I have to say that I don't use Reddit anywhere near as much as I used to since they got hijacked by the left (though a few technical subs are still OK). I find bch less interesting these days anyway. Because it was formed from a split, there was a window where it had to succeed or fail and I think we're out of that window and success hasn't been attained. It's clear the honey-badger is still the honey-badger and now it remains to be seen how it deals with capacity issues (I am obviously not as optimistic for LN as you are).

Just of note, I tend to deliberately keep that argument out of here. It's not really relevant and tends to upset the natives. I'll usually only bring it in where I think it's directly relevant and then only in relation to BTC itself (i.e. I'll discuss capacity but not in relation to other coins which have addressed it).
1347  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 02:23:53 PM

The trap is in the name, the BCH folks are in /r/btc.

Yes, this is because Theymos decided to purge r/bitcoin of dissenting opinions when there was only Bitcoin.
1348  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 02:09:21 PM
Yeah.  It's terrible.  I feel like i got my foot in a bear trap.



I run two nodes, of the 83000 on the network.

These bellcurve dwellers are a sad lot.

You might have been able to talk yourself into custodial wallets being OK but not everyone agrees. If you don't like being around people you disagree with then yes, you should probably stay out of there.
1349  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 01:57:55 PM
US inflation is at 5%.

But it is temporary.


Yes. Politicians will get less greedy any minute...... now

.....now


....now
1350  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 10, 2021, 01:56:31 PM
@chartbuddy
please stop using a toaster for your pictures
most text is unreadable  Angry

It's a thumbnail. Click for bigger. (Though I do plan on increasing the size of some of the text a little).
1351  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2021, 09:53:21 PM
Windows 10 installing and enabling shit on my computer without asking again (News & Interests). I need to get off of this shit.
1352  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2021, 07:29:30 PM

All good.  Don't know how I could not see it!

It's always hard to find for me too. Most other places put your avatar next to the link or vice versa.
1353  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2021, 02:35:49 PM

GTA 6 to be about BTC  Cheesy Grin

The irony is that nobody will be able to get the GPUs to play it because of shitcoins.
1354  Economy / Speculation / Re: Automated posting on: June 09, 2021, 02:01:13 PM

@Richy_T: the pic represents the Bitstamp Orderbook over a time of 1 hour in 3D, right?

the walls below are then the (passive) Limit Orders in the Orderbook? on the left the Buy Limits? and on the right the Sell Limits? what about the (passive) Stop Orders? any chance to get them from the Orderbook?


Correct. I only have access to what is provided by the API. I don't see an option for that there.

https://www.bitstamp.net/api/


^^ IMO, better you speak in terms of orders. (passive) Limit and Stop Orders of the one party of the deal (Buy or Sell). (active) Market orders of the other party of the deal (Sell or Buy).

Possibly. Bear in mind that the explanation is more for the uninitiated who might not be familiar with these terms. Those familiar with trading are likely to just "get it". It's basically the bottom part from bitcoinity.org made 3D.
1355  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2021, 07:25:46 AM
Up up up !

Hopefully this time it stays up.

If it stays up for more than four hours, consult a doctor.
1356  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2021, 06:52:01 AM
Looks like the FBI question has resolved to them gaining access to a custodial wallet.

Not that I ever doubted the security of Bitcoin but such things tend to scare the horses.
1357  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 09, 2021, 03:21:10 AM

Edit:
Btw i wanted to know why left value is always lower than the right value? What exactly you mean by the "closest" bids and asks. Does closest mean last bid and ask?


The asks are what people are selling for, the bids are what people are wanting to buy for. Asks are always higher as otherwise, there would be a sale. Market buys and sells buy or sell from the closest first.
1358  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 08, 2021, 07:56:15 PM
If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it.
China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan.
Bitcoin and dollar do not really compete (not yet).

Bitcoin and bitcoin mining in particular is bringing huge amounts of wealth into the CCP currently (I'm surprised that that isn't used as more of an attack, in fact). Whatever they do publicly, this has to be borne in mind when evaluating the likelyhood of it being true.

As to replacing the dollar, yes. Not sure if it will be their own deal or some BRICS concoction. Depends how much clout they feel they have, I suppose.
1359  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 08, 2021, 04:02:26 PM

Looks like the image link itself is wrong, something related to your autoposting...

imgur uploads occasionally fail. I need to add error checking but it doesn't happen often. Just got unlucky two in a row.

You could try https://imgbb.com/

It works over Tor too (so far.)

Definitely an option for backup. I could also just use my own servers if that fails. Though not using them was more for opsec than bandwidth concerns.
1360  Economy / Speculation / Re: Automated posting on: June 08, 2021, 03:56:52 PM

seems Imgur.com is down. don't blame it on ChartBuddy!


Nah, fair play, ChartBuddy shouldn't be posting broken stuff. He originally stored the images on my own server so there was no need for error checking. I just need to add some in.
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