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1901  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 09:08:09 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?
1902  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 09:06:48 PM
Fuck today I found out I managed myself out of a job. Bummer.

Still the team I established and organised will go on to great things.

Some tough irony in how much I have fought to keep that together.

No problem, I go back into the resource pool, lots of demand for this old looser. Wink


lol


they let you go?? F*** how is that possible ....
hope you get something new and exciting right away

Yeah no worries, just my move to higher up in group comes without me  Cool  hahahaha    fs

This is a success really (ignoring the management opinion), I created and organised a team who has gone on to become great leaders and organisers in their own right.

they will continue on to be very successful. I am offered to "wrestle back control"  from them.   :/

That is in opposition to all the agile development principles I uphold and the beautiful thing we have forged together. I shall not do so! I expect them to want to grow more if anything, right?

I shall gracefully stand down and move on to work with a new group of individuals on some city or gubbermint project and what will be will be. no worries.

Thanks for the supporting comments.

Takes a big man. Or a big woman. Good on ya.
1903  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 08:51:58 PM
I have never wore a sig.... But I understand people that do... more so if they are actual useful contributors and not just sig spammers. I might even consider it in the future if needed the money or whatever.

That being said, this thread is sig free. Win-Win.

I have a sig. It reads thusly:

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
1904  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 08:42:20 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?
1905  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 08:42:56 AM
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?
1906  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 01:33:09 AM
PSA: Bittrex scheduled maintenance.

Quote
As a valued Bittrex customer, we wanted to let you know that on Wednesday, February 27, Bittrex will update its cutting-edge trading engine that powers both Bittrex and Bittrex International as well as its partner exchanges around the world. This update will provide customers an even faster, more scalable platform and pave the way for additional, exciting upgrades and features later this year. To implement this planned technology update, we’ll need to temporarily take markets offline and disable wallets.
 
We are making this upgrade to continuously meet the growing demand and interest from current and new digital asset customers around the world.
 
Below, you’ll find everything you need to know regarding changes to our platform during the update which starts at 21:00 UTC on February 27th.
 
What can Bittrex customers expect during the planned upgrade?
 
Bittrex.com and International.Bittrex.com will remain online, customers will continue to be able to login and check their balances and customer assets will remain secure throughout the upgrade.
Wallets will be unavailable for up to 24 hours beginning at 21:00 UTC on Wednesday February 27th; deposits and withdrawals will be disabled until wallets are back online.
All markets will be offline and trading will be suspended for up to three hours beginning approximately at 22:00 UTC.
During the update any partially filled orders will be cancelled. All other open orders will remain on the order books.
Follow our social media channels for real-time updates on the day of the update.

There's more. That is the highlight. I assume more info on Trex' website.
1907  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2019, 08:52:07 PM

Krawisz?

You're kidding, right? While all the Core Cognoscenti are narrow-mindedly focused upon how else they can belittle CSW, the real work is being done by the scores of BSV devs.

Oglegasm at the public shaming sideshow. Ignore the progress -- accomplishments overlooked by the cryptoverse -- to your own peril. Until one day you wake to a new world with BTC again suiciding itself by strangulation, and BSV taking up the vast demand for an uncensorable, permissionless, decentralized, and boundless incorruptible worldwide ledger.

And no, I don't have enough BTC to move markets. But other thoughtful people do.

Do you mean *these* scores (or three...)?

https://i.imgur.com/IMl2gPe.png

Or the scores writing zero conf wallets and the like?

(By the way ... look at all the dev going back to 2011... but then.. that has nothing to do with Craigcoin)

Well, that's more like one. One of the scores, with two of the scores as assists.

But at least you are now presumably aware that SV consists of more than CSW.

I don't know why you'd pick a peripheral small project to represent the ecosystem, but watevs. Your post, your choice.

Now, does anyone care to belly up to the bar, and answer my earlier question about what 1ML's definition of 'Updated Channels (24h)', is?
1908  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2019, 08:05:46 PM
When the dump happened I wondered if we would see a huge BSV rise soon after... I kind of wish I had posted when I thought it so I'd look extra geniusy. Wink  

But I am wondering if the big seller(s) might not be a BSV insider?

yes you were right..BSV rebounds violently...

This has been a recurring pattern, and at times it has also coincided with an interesting bump in the privacy coin sector.  But I think we saw this with the first BTC/BCH fork, and I think we are seeing it now.  Not sure if this is Calvin Ayre, CSW, or someone like Daniel (hyperbitcoinization) whassisname who probably sits on a big stack of BTC.  I doubt our own resident BSV lover has quite *that* many bitcoin to cause this sort of drop.  Not to mention the fact he *has* to be waking up to the reality that BSV is being run by the circus.

Krawisz?

You're kidding, right? While all the Core Cognoscenti are narrow-mindedly focused upon how else they can belittle CSW, the real work is being done by the scores of BSV devs.

Oglegasm at the public shaming sideshow. Ignore the progress -- accomplishments overlooked by the cryptoverse -- to your own peril. Until one day you wake to a new world with BTC again suiciding itself by strangulation, and BSV taking up the vast demand for an uncensorable, permissionless, decentralized, and boundless incorruptible worldwide ledger.

And no, I don't have enough BTC to move markets. But other thoughtful people do.
1909  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2019, 05:42:52 PM
Small but meaningful upwards action. Good morning.
1910  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2019, 03:17:45 PM

I'm wondering if someone might explain something to me. Specifically, what is an 'Updated Channel (24h)'? Is this a count of the number of channels that have been updated by an on-chain tx in the last 24 hours?
1911  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2019, 12:19:34 AM
Update from Cryptopia Managing Director posted on Discord :



"kack"?
1912  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2019, 07:02:06 PM
I used to be a much bigger sports fan, I still watch games every now and then but I was wasting too much time watching sports.  Might life doesn't change in the slightest if my team wins.  

I can't prove it but I think you live longer if your team wins. Smiley

Would seem more likely that you live shorter if your team loses. Which is not quite the same thing.

Interesting take and entirely possible, why hasn't someone done a study?

Stress is a killer. Why hitch your health wagon to sporting contest outcomes over which you have no control, nor even participation?
1913  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2019, 08:36:27 PM

Thats ... cute, I guess.

Quite derivative of a site operating for months already that allows anyone to feed chickens by making an onchain BCH tx. But I guess some are destined to be followers.  Grin

Can't you really see why that specific "service" is way more appropriate to be done in L2?

Sure. It's appropriate for L2 if your L1 isn't up to the task.

No. You are always carefully ignoring that an onchain tx not only consumes bandwidth and cpu power (which is mostly irrelevant unless we are talking of several orders of magnitude more tx's) but accumulated historical storage.

I am not ignoring it. I am merely treating it as irrelevant. Because it is.
1914  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2019, 07:50:02 PM

Thats ... cute, I guess.

Quite derivative of a site operating for months already that allows anyone to feed chickens by making an onchain BCH tx. But I guess some are destined to be followers.  Grin

Can't you really see why that specific "service" is way more appropriate to be done in L2?

Sure. It's appropriate for L2 if your L1 isn't up to the task.
1915  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2019, 07:34:16 PM

Thats ... cute, I guess.

Quite derivative of a site operating for months already that allows anyone to feed chickens by making an onchain BCH tx. But I guess some are destined to be followers.  Grin
1916  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2019, 05:34:43 AM
I used to be a much bigger sports fan, I still watch games every now and then but I was wasting too much time watching sports.  Might life doesn't change in the slightest if my team wins.  

I can't prove it but I think you live longer if your team wins. Smiley

Would seem more likely that you live shorter if your team loses. Which is not quite the same thing.
1917  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2019, 12:03:40 AM
I'm going to counterbalance some of the jbreher negativity with a positive comment:

jbreher is a net asset to the WO thread, and I'm glad he's here.

Thanks, infofront. I appreciate the kind word.
1918  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2019, 11:59:46 PM
If you love bcash so much and hate btc so much

Again, check your assumptions. I never said I hate BTC.

Quote
to me the only conclusion: paid shill. and your reaction is telling the same story.

How does it feel to be so wrong?

Quote
oh, and thanks for being such a celebrity computer engineer.

You're welcome.
1919  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2019, 05:30:04 PM
If you hadn't have done your God's Work I can assure you somebody else would have, so settle down over there, Edison.

Go fuck yourself.

Yes, it is true that, had I not done so, some other would have. But I did. If some ignorant nobody is going to attack me with a slanderous claim of tech luddism, I am going to put them straight.

Incidentally, why do you feel compelled to comment upon this, which has absolutely nothing to do with you whatsoever?
1920  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Pro on-chain scaling - Cheaper fees on: February 20, 2019, 05:18:32 PM

Mmm Hmm... Meanwhile, the average BTC block size has been creeping up again. We may already be on the edge of the next blockalypse.

The first blockalypse never happened. What has happened since December 2017? BCH's market share has plummeted and bitcoin has survived just fine.

Un Hunh. And what happened to all that adoption that was building - right up until the point that BTC could not handle the demand?

Quote
Which of course will be accompanied by ever-lengthening confirmation times, and soaring fees. Once BTC returns to its eventual equilibrium of unusability, where do you think the tx demand is going to go?

Well that's easy: Lightning Network.

No. LN cannot onboard enough people fast enough to be a contender. Not to mention all the evil that will be unleashed when the chain does not have the capacity to handle renewals or cashouts. Even if it had the value capacity for meaningful commerce. Or even if it had simple clients. Or the ability to route in a malleable environment of channels coming and going, with users wanting trustless, permissionless, decentralized operation.

Wow... I know enough about you to know you, more than the average person,  have the skills to do simple deductive reasoning...  If lightning doesn't have the ability to onboard people fast enough for OFF CHAIN... then  how will BSV be able to confirm that may payments ON CHAIN without centralizing?  It takes ONE TX to go off chain and then to do do millions of transactions using that SINGLE off chain TX.

Doing everything on chain is an interesting future goal... but it is decades out.

(key words "on chain")

You seem to be missing the fact that everyone who wants to employ LN needs to perform at least one onchain tx. Only then can they engage in gajillions of off chain channel txs. No room on the chain, no room for more LN adopters.

How many Bitcoin txs have you done in the last year? What percentage of those were opening, closing, or maintaining LN channels?

Until a cabal of subverters decided to cripple BTC, doing everything on chain was just The Way Bitcoin Worked. Fortunately, in the cases of SV and BCH, doing everything on chain is still just the way Bitcoin works.

You have any metrics to share that may quantify the centralization you imply is a necessary effect of large amounts of onchain txs? No? No metrics? Color me shocked.
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