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2321  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 07:31:05 AM

Alevlaslo is the Bitcoin Cash version of Jbear
2322  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 04:21:06 AM
sorry guys

I'm fucking grumpy today

What else is new?

People who live in glass houses shouldn’t throw stones
2323  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 04:09:50 AM
The 2014/15 fractal continues to break down as the price breaks upwards.  Bullish. 

2324  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 04:02:18 AM
Not much of a difference in terms of law.

Elwar build nothing, he was just a tenant.

That's like finding a houseboat on Airbnb... nobody is going to arrest a tourist for renting one in the US.



Try declaring sovereignty in a trailer on the mainland and see what happens.

It is a very powerful idea. Which makes it dangerous.

Nothing will happen. Declaring anything is just words, and words are protected by the First Amendment.

Actions matter, like if someone would start breaking laws, and stops paying taxes, such actions will invite trouble.

First Amendment does not mean freedom from consequences.  

If you say “I declare sovereignty” to your cat and continue to pay your taxes, then no, nothing will happen.  

But I don’t think that was what seasteads were about.
2325  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 03:55:53 AM
I’m not really interested in getting into a detailed analysis of Lightning with big blockers.  But even if Lightning was a total flop (and not saying that it will be - quite the opposite), there are other tools out there like Blockstream Liquid.

You realize Liqid is a permissioned quasi-sidechain, right?

Yes I do realize.  I don’t care if a trusted third party controls my daily coffee purchase.

If I care, then I can make an L1 transfer. 
2326  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 03:03:52 AM
I’m not really interested in getting into a detailed analysis of Lightning with big blockers.  But even if Lightning was a total flop (and not saying that it will be - quite the opposite), there are other tools out there like Blockstream Liquid.

And if big blocks become a matter of life or death, Bitcoin will simply fork and pick them up.

But the current block size works fine for a store of value and there are horrible compromises with big blocks that cannot be undone. So no need to change now.

And we sure as hell aren’t going to use Craig or Roger’s shitcoin so you can forget that idea.
2327  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 24, 2019, 02:08:04 AM
N. Popper wrote about bitcoin in NY Times (BTW, not a very well thought out piece).
https://www.nytimes.com/2019/04/23/technology/bitcoin-tulip-mania-internet.html

Read the discussion. Some are defending btc, but many are absolutely clueless, yet aggressive.

To be fair, people probably only comment if they have a strong opinion.  So people who comment are a small segment of society.
2328  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 11:57:02 PM

Craig will sue if macafee unmasks someone else as satoshi. Craig won't be a happy camper.



Hahaha I hadn’t thought of that
2329  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 11:51:35 PM
Quote
McAfee’s antics and erratic behavior have overshadowed his past as a software pioneer, and it’s hard to know whether he’s finally tracked down the real Nakamoto -- a feat that many others have failed to pull off.

Nah it’s not that hard
2330  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: April 23, 2019, 10:10:29 PM
I held some for awhile but bailed.  Was hoping it would ride XMRs coat tails but XMR never really took off like I hoped it would
2331  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 10:07:57 PM
45,000 ETH stolen by guessing weak private keys

https://www.wired.com/story/blockchain-bandit-ethereum-weak-private-keys/
2332  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: April 23, 2019, 09:58:42 PM
Aeon

Now that’s a name I haven’t heard in a long time. 

2333  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 09:40:19 PM
^Fair enough, tis not a hill I wish to die on.  Suffice to note that there are physics boundaries to the original formulation

The corollary to the expanded definition of Moore’s Law is that the tech industry will find ways to render all that increased processing power and bandwidth completely useless through bloatware
2334  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 09:21:18 PM
Not much of a difference in terms of law.

Elwar build nothing, he was just a tenant.

That's like finding a houseboat on Airbnb... nobody is going to arrest a tourist for renting one in the US.



Try declaring sovereignty in a trailer on the mainland and see what happens.

It is a very powerful idea. Which makes it dangerous.
2335  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 09:18:03 PM
Great interview on the What Bitcoin Did podcast: https://www.whatbitcoindid.com/podcast/peter-rizuns-lightning-critique-fud-or-fair

I assume a number of you will summarily dismiss this, rushing to judgement before examining the evidence. But for the open-minded, certainly worth a listen.

Anyhow, I guess we keep coming back to the general idea that it will be fine in the future!.. The technology will be there to support Bigger Blocks and Massive Database (but in the future it will be considered small). We will have cheap 1000GBit connections to link everyone together and 80TB hard drives! Moore says so!

The same can be said for LN and Layer 2 solutions. The developers are working on a solutions for this and that. A different Layer 2 solution will be available soon and so forth.

But which would you bet on? Something that is developing and evolving right before our eyes or relying on Moore's Law?

Moore's Law isn't as good as it used to be - since a few years already.

Depends upon which form you use. Gordon's original formulation spoke only to number of transistors per dollar. However, the more generalized form speaks to computations per dollar - which can be extended back from microprocessors to gate level logic to discrete transistors to vacuum tubes to relays to purely mechanical computing. And currently extended forward in time to multi-core, non-homogeneous computing systems. Which has shown pretty high fidelity to an exponential growth rate for more than 100 years, and shows no signs of attenuating.

I am well out of my depth on this topic but my understanding is that Moore’s law refers to the number of transistors in an integrated circuit. It is not an economic measure

https://en.m.wikipedia.org/wiki/Moore%27s_law
2336  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 06:22:54 PM
Welcome back 5600.  I missed you. 






Only 370 coins to 5700.  Are the books getting thinner ?


2337  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 12:17:35 PM
once you have snake you never go back

One of my Naga friend say same thing about snakes and dogs.

So the thing about China is that their food handling is suboptimal.  

I was sitting in a hotel restaurant and ordered the fish.  About ten minutes later I hear some flapping wings behind me and look around for a bird that has somehow gotten into the restaurant.  Except it’s the waitress bringing me my fish in a wicker basket and it’s drowning in the air and flapping like a demented pigeon.  
‘Yes very fresh’ I say in my best Shanghaiese to her evident satisfaction as she pops the lid off the wicker basket showing me the struggling fish.  

Am in another restaurant a month later with some pals and one of them orders the fish soup.  I hear a flapping sound behind me.  The waitress rocks up with a big burlap sack that is flapping around and I take a look inside ready to say ‘yes very fresh’ to the fish.  But my pal neglected to mention he had ordered the python soup instead.  

And no, I didn’t go back. 
2338  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 12:02:37 PM
^ https://bitcointalk.org/index.php?topic=178336.msg50730966#msg50730966

actually this coinbase/poloniex info-selling thing is getting seriously mysterious with 2 members confirming
witaf  Huh


Old news.  Just everyone has forgotten because Coinbase scandals are so regular.  

https://decryptmedia.com/5488/coinbase-data-sold-executive-leak

Quote
“Our current providers were actually selling client data to outside sources and it was really compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients,” Sandler said.
2339  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 11:56:43 AM
Calvin doesn’t believe Craig is Satoshi.  Calvin knows that many will believe that Craig is Satoshi, and that is enough.
2340  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 23, 2019, 11:23:40 AM
There have been 3 notable golden crosses before today on the 50/200 Daily Moving Average.  They are as follows (look for where the red line 200 DMA crosses the yellow line 50 DMA from above).

Golden Cross in 2012
Price is flat during Golden Cross.  Price up by ~ 60% 3 months later



Golden Cross #1 in 2015
Price is falling during Golden Cross.  Price down by ~9% 3 months later




Golden Cross #2 in 2015
Price is rising during Golden Cross. Price up by ~45% 3 months later



Today's Golden Cross for comparison purposes
Price is rising during Golden Cross.



Analysis

So far, most traders seem to be assuming that today's Golden Cross will be like Golden Cross #1 in 2015, with the price crashing from resistance at $6k.  But the mood in July 2015 was very different from today.  Importantly, in 2015 the price had already started to crash before Golden Cross #1.  

Today's Golden Cross most closely resembles Golden Cross #2 in 2015.  Which suggests we could find ourselves with a price of increase of 45% within 3 months, which would be nudging $8,000 in July (and possibly a spike to 10,000 before that...)


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