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1781  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 02:50:42 PM
Blockchain Transfers Are 388 Times Faster Than Mainstream Remittance Services

https://u.today/blockchain-transfers-are-388-times-faster-than-mainstream-remittance-services



BTC like
1782  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 02:42:47 PM
Want to know why the poor and middle class can no longer afford college and higher education? The answer is found in the chart below.

The dollar used to be backed by gold. Now, it's not backed by anything, so it has lost much of its value, causing the cost of living to soar.

via Imgflip Meme Generator

https://twitter.com/thebubblebubble/status/1106364665381220352?s=21

We need BTC Smiley

1000% agree, Sir!
1783  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 12:10:14 PM
is Bitcoin done or are our expectations too high? do we need more patience?


Bitcoin is surely NOT done. Our expectations are probably too high... but that depends on individual expectations. For sure we need more patience.

you're probably right. I remember my expectation in 2015/16 was to see the break of 10k mark at the earliest in 2020. and then... BitFinex and Tether in 2017...
1784  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 12:01:40 PM
can you guys f***ing tell me what about you're talking??  Shocked Huh

Someone (I forgot who) made some post about there being no absolute truths or somesusch.  I object to this as I think it a cover for all sorts of bad behaviours like “alternative facts” so challenged on the basis that 2+2 always = 4.  

Of course I don’t know any higher order mathematics so was quickly proved wrong.  Now I am trying to understand why I was wrong.  

thanks! you mean approach of Mathematical proof?

https://en.wikipedia.org/wiki/Mathematical_proof

EDIT:
Discrete mathematics, second or third semester of computer science Tongue

thanks!
1785  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 11:56:21 AM
is Bitcoin done or are our expectations too high? do we need more patience?

1786  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: March 16, 2019, 11:48:21 AM
Es fehlt einfach an education also simple Kost .Die  jetzige Meinung zum BTC ist .. ahh da kann mann sehr schnell sehr viel Geld mit verdienen oder sehr schnell auch verlieren aber  was BTC ist verstehen 99% leider nicht.
Jep, sehe ich auch so. Und durch die Spekulation kommen ja erst die Blasen und die Panik-Crashs zustande. Vielleicht wird sich das ändern, wenn der BTC es wieder auf 10000+ schafft - muss gar nicht ein neues ATH sein. Dass eben auch der letzte merkt, dass "Bitcoin ist tot" Blödsinn ist, solange der Use Case als freie, internationale, selbstregulierte Geldalternative bestehen bleibt (mögliche noch nicht entdeckte katastrophale technische Flaws natürlich mal ignoriert)...

Weitere Parallele zu 2015: Damals haben viele von $100 und sogar $50 geredet Wink
Zw. 50-100$ und 2000$ liegen aber andere Dimensionen.

Investitionen und Investitionswilligkeit wird auch anhand von BIP gerechnet.
Ende 2017 sah Bitcoin sehr viel versprechend aus, mit 80% Wertverlust vom ATH hat sich es für viele Anleger die Augen geöffnet.
Viele sind mit Gewinn ausgestiegen, viele sind im roten Bereich und manche haben bestimmt die Verluste realisiert.
Für das nächste Generation und Hype muss eine neue Story kommen, sonst sehe ich die Zahlen wie 1200$ gar nicht so unrealistisch.
Die "Story" von Bitcoin ist aber eigentlich immer die gleiche (siehe Beitrag von Ov3r oben, für die einen ist es ein Zock-Instrument, aber für die anderen ist es eben eine Geldalternative). Wenn es eine andere "Story" 2017 gab, dann war es eher Ethereum und die ICO-Welle. Ansonsten gibt es viele Parallelen zu 2013-15, nur eben auf anderem Preisniveau. Die Infrastruktur ist weiterhin gewachsen, einige Probleme (Skalierbarkeit) werden ersthaft angegangen und stehen quasi kurz vor der Lösung.

Der größte tech flaw wurde ja erst 'kürzlich' selbst eingebaut mit Segwit, RBF, ... naja, es wird nicht lange mehr dauern bis das alle merken.

Good luck

ja, Satoshi Vision (SV). ich verstehe.  Grin

der con man und Ver waren für den letzten grösseren dump verantwortlich.

ein Blender, nichts weiter...
1787  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 11:39:50 AM
Ok work with me here.  How do we achieve the assumption that numbers are a finite field?

Feel free to refer me to beginner level reading to save you typing it all out.
As for a "beginner level" introduction, I'm not really aware of any that isn't gritty rigorous Math. And in that case any would be as good as any other I suppose, since the definitions are always the same (except for perhaps the symbols used). If you feel like digging deeper I'm sure you'll find any number of resources on Google. All my notes and books for these topics are in non-English though, so I can't recommend you any reference here. But alas.


Assumptions are created out of more or less thin air. Generally based on past experiences (I'm not sure if we can arrive at any assumption without making references to previous ones, which is a problem in and of itself). It's also not exactly that numbers "are" a finite field, they can be depending on how many you have to play with. The numbers we usually use are not a finite field, you always have a unique "+1". However.


In the case of finite fields, if you want to go from the "human experience" side you could think of it like this.

If you think that infinity exists, then there's not much reason to argue here since you can just keep adding numbers and always get a unique new one, so 1+1 will always be 2 in that world.

If you however believe that infinity can't exist in reality, then the only conclusion is that any field of numbers must be finite, because you'll eventually run out. And in that world you eventually come full circle, otherwise you can't have a number field that functions in the way we understand numbers. It is the only way to formalize our natural understanding of numbers (that I am currently aware of).


As for what fields are, here's a very brief overview that leaves out a fair deal of the gritty parts that are necessary to formalize this. But this should hopefully give somewhat of a more formal intuition that you could compare against our natural intuition.

A field can be any set of numbers that satisfies a few properties. The most important ones for the topic we're having are the existence of a set of elements (or numbers), the existence of two operations (e.g. addition and multiplication), the existence of a neutral element for each operation, and the existence of an inverse element for each operation.

Let's take {0,1} as the set of numbers. And addition and multiplication as its two operations. The operation "o" (+ or *) now has to ensure that each element has a unique inverse element. So if you take any element X , there must be another element Y such that X o Y spits out the neutral element regarding "o". For addition this is 0 (you add 0, shit happens), for multiplication it's 1 (you multiply by 1, nothing happens). If you think about it, whenever you invert a number you get its neutral, 3 * 1/3 = 1, 3 + (-3) = 0.

If these properties are violated you can somehow show that the whole natural intuition of numbers just breaks down, but I can't think of a good example on the spot. Been too long since I've done anything in this area.


In the usual fields the inverse element would just be -X for addition and 1/x for multiplication. In this finite field you can't do this, because "1/1" clearly does not exist as neither does an element called "-1".

However, with the circular arrangement you can quickly see that:

0+0 = 0
1+1 = 0

0*1 = 0
1*0 = 0
1*1 = 1

Hence, each element has an inverse regarding multiplication and addition, and our intuition still works. This way to look at it satisfies the requirements of a field. It just so happens to be finite. This curiously doesn't work for any set of numbers either, the number of elements has to be infinite, a prime, or a prime power.
If you want to get technical, then "2" in the way we normally understand it won't give you "2+2 = 0", but there is an abstract field that extends {0,1} in a way such that the elements that you could "call '2'" would satisfy 2+2 = 0. You can easily get 2+3=0 for {0,1,2,3,4} with the usual addition though (check this yourself if you'd like as an exercise).


As for 'why' this works, I doubt anybody knows. Emergent properties?

Essentially, fields are merely a formalization of the way in which we naturally came to use numbers based on our experience of reality. And the formalization naturally gives rise to both finite and infinite fields. There are also weird fields that have polynomials as their "numbers" and where "1" is suddenly a polynomial (the constant polynomial 1). But you would never expect either of these by not carefully thinking about the fundamentals, what you already know, the implications of either, or what other ways you could view what you already know in.

These weird mysteries are why I'm against quickly rushing to conclusions on any subject and prefer looking for as many explanations and vantage points as I am currently capable of. The universe has a way to always screw us when we think we "know", and to reward us with new exciting experiences if we remain open.

Quoting this so I don’t lose it. Am working on this as well.  

double quote for safety reasons.

can you guys f***ing tell me what about you're talking??  Shocked Huh

EDIT: some CS stuff from your days in university? Formal Language Theory?
1788  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 16, 2019, 11:13:10 AM


WHEN MOON?
1789  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: March 16, 2019, 10:37:33 AM
meine these: sobald klaus oder mezzomix wieder hier auftauchen haben wir das tal der tränen durchschritten, vorher leider nicht.   Grin Grin

aber das kann noch dauern!

EDIT: obwohl, mezzomix scheint wieder sporadisch aktiv zu sein. (ick freu mir!)
1790  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 14, 2019, 11:38:28 AM
Why #bitcoin will not drop under $2k:
1) Miners already capitulated (difficulty -25% Nov/Dec)
2) Too close to the Halving (14 months)
3) BTC never dropped below geometric mean ($2750)
4) BTC never dropped below 50% of stock-to-flow model ($5500)
5) RSI bottomed at (42) now rising

https://twitter.com/100trillionusd/status/1102958785772044289?s=21

you're a genius!  Wink
1791  Local / Trading und Spekulation / Re: Der Aktuelle Kursverlauf on: March 14, 2019, 11:35:24 AM

aha und jetzt? ALL OUT oder wie oder wer oder warum und weshalb und überhaupt?  Grin Grin
1792  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 04:53:35 PM
there is a response from Coinomi:

However, unlike what was reported:

  • The seed phrase wasn’t being transmitted in plain text, instead it was being encapsulated inside a HTTPS request with Google being the sole recipient
  • The seed phrase wasn’t being transmitted at all unless the user chose to explicitly restore their Desktop wallets
  • The spell-check requests that were sent over to Google API were not processed, cached or stored and the requests themselves returned an error (code: 400) as they were flagged as “Bad Request”¹ and weren’t processed further by Google²

But where is the money?
1793  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 02:28:44 PM
This would be a very bad publicity for google if this is true. It's also possible that the anti-virus/anti-malware software is the cause of this leak. they "open" encrypted https requests and look inside to search for threats.

this is absolutely right! Bitdefender is such a piece of s**t! also be aware of that in some companies the employees are observed with HTTPS proxies. you have in your Browser a intermediate certificate installed and your employer is aware of all your HTTPS traffic. EVERYTHING which you think of it's hidden.
1794  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 02:15:44 PM

there are already some people complaining about lost funds. I don't question that this google spell check is a stupid move, but I don't understand how this should leak the private key? the google spell check is (hopefully) a https requests, which is encrypted. and google will not leak the keys for sure. so what did leak the keys?

he claims that someone at Google extracted and used the passphrase after HTTPS decryption and not in between as I understand it.

Recap
To recap the events for further investigation:

  • My first passphrase attempt was sent to googleapis.com through Coinomi wallet was on 14th February 2019
  • Google’s employee or whoever has control over the data that are sent to googleapis.com processed the data that had my passphrase and that was between 14th and 19th February 2019
  • My crypto assets were stolen on 19th February 2019 starting around 3:30 am UTC and the transactions continued for 15 minutes. At the end 90% of the assets were gone and remaining assets were only left because these assets were supported by Exodus wallet but NOT Coinomi wallet (what a coincidence you say!)

Please note that I took all the security precaution to keep my passphrase and wallet safe. I have a separate isolated virtual machine for it with Anti-Virus/Anti-Malware and firewall installed. I also had other wallets on the same virtual machine for years. Nothing was stolen except for the wallet which I recently used my passphrase in, which is Coinomi wallet!
1795  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 10:59:05 AM
Anyone knows if there is already any service of "proxy" online LN wallet?

I mean, something that would work like this:

- I send, for example, 0.1BTC to their wallet (my deposit address) same as I do with an exchange.

- Now I have a 0.1BTC balance with them (not your keys, not your BTC... I know)

- Then, the service would let me send LN payments which they would route via their LN node and already established channels on my behalf and substract the amount (plus a fee, presumably) from my balance.

- A plus would also be the possibility of creating LN invoices and receiving payments in the same way above and an easy to use mobile phone APP.

Anyone?

Check out Blue Wallet - might be the thing you are looking for. It is only available as a mobile app though. As for LN invoices, if you plan to use it in e-commerce, you can check out Open Node plugin (for woocommerce), but simple requests can be created in BW app too.
Hope that helps!

Wow, yeah! That looks exactly like what I was looking for. Thanks!

https://bluewallet.io/lightning/

how it works, damn Irish Pub'ers.  Roll Eyes

1796  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 11:12:47 PM

well if animated hats become a thing i will have to make an exception. naturally WO hats are of prime importance.

animated hats are a thing

yeah i forgot that cool hat with the moving eyeball.

rats. back to the drawing board.

guess ill set them to play once for now as a stopgap.

do not delete and resubmit your post, dude. I want to have the last word in the Irish Pub. Grin
1797  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 10:17:06 PM
Bitcoin is Processing Fewer Payments Per Month Than It Was in 2016

https://www.longhash.com/news/bitcoin-is-processing-fewer-payments-per-month-than-it-was-in-2016



yes because of LN. Grin

EDIT: LN is off-chain and you cannot measure numbers. within a channel payments are not visible.

Hey, Gyrsur - you seem LN conversant. Maybe you can help me with something I've been puzzling over. 1ML (https://1ml.com/statistics) publishes something they call 'Updated Channels (24h)'. Are you aware of a definition of this term?

It means that some of the channel parameters have changed over the past 24 hours. Most of the time it is the capacity that changes - for example it could increase.

So... is it a count of on-chain txs made on the behalf of LN channels?

No it is a change in parameters, width of the pipe rather than how much water flows through the pipe.

And this parameter change is accomplished without making an on-chain tx?

it seems possible w/o an on-chain tx according to the LND documentation.

Channel updates are thus fully trustless. When making an update, both parties exchange the secrets for the prior state, so that all prior states will have been revoked except for the current state. Both parties will never broadcast an old state, because they know the other party can take all their money if they do so.

EDIT: this whole Lightning thing is a very (f***ing) complicated approach. no wonder that the Big Blockers don't like it. it's not easy to understand but it seems the right direction to scale Bitcoin.
1798  Economy / Economics / Re: Bitcoin Whales have accumulated thousands of coins in last 2 months on: February 26, 2019, 08:03:54 PM
It is a known fact that whales and the institutional investors where the sellers who sold on high and now they have started to accumulate but same time they are also playing with market like buying in low and selling in high and then buying more with profit in low, so this way they are accumulating the volume of btc with the same investment. This is why they are wise and who ever is selling in panic is the loser.

this is very true unfortunately. scheme happened allready after the break out above 4k.
1799  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 07:18:18 PM


Attention: WO thread is like an Irish Pub but w/o the girls!
1800  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 06:33:35 PM

thanks man! I like all of the videos --> https://www.youtube.com/channel/UC1acDT9_waNQ7NMXCjSdakg/videos

but this is the best in my opinion Grin
Pepe Buys Bitcoin
especially if you bought into the top of 2013 or 2017 (feeling the pain)
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