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2861  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2019, 09:41:42 AM
I will try to tweak this over the coming months and see if it has any value, but if anyone else better at working this out wants to try - and can factor in more sophisticated statistical analysis (standard deviation etc.) that would be good..

I think calculating the correlation coefficient will give you what you want.  Expect it will be quite high. 

2862  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2019, 09:38:44 AM



https://breakermag.com/heres-how-the-2-09-million-eos-hack-really-happened/
2863  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2019, 01:27:20 AM
Badger doesn’t want to rescue my wee outstanding short.  So sad. Too bad.
2864  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 11:25:31 PM
This has been a bullish dump
2865  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 08:38:22 PM
With all due respect, why are we supposed to repeat prior flat mo for mo?

So far, at a macro level, it matches almost exactly.  Don’t ask me why, I just work here.
2866  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 12:07:20 PM


https://twitter.com/udiwertheimer/status/1100695288128385024?s=21
2867  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 11:36:18 AM
Proof of Hairy

Please sir no one deserves that
2868  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 07:28:02 AM
What if we need to upgrade the network via hf? What if we suddenly decide to increase the block size? or implement some other feature which can only be added via hf?

Then what?

Block size changes or other features are not an emergency.  

If a hard fork is necessary, and the community agrees to the change, then it can be planned in advance.  The most likely outcome is that lightning would not skip a beat.  Keep in mind that the only interaction between lightning and main net is opening and closing a multi-sig transaction.  A block increase should not, all other things being equal, have any impact on an open multi-sig transaction.  A planned hard fork can test in advance and address any potential bugs.  

Keep in mind that the entire ethos of Bitcoin development is not to have any hard forks so we are still talking about a very low probability event.  

Edit:

People need to close their channels and gtfo immediately I see... At least there is a way but if the LN gets toooooooo big (i mean big corporation level big like microsoft, apple, mcdonalds and starbucks using it, that might be a problem.)

Also if parties are cooperating, they can close their channels instantly.  They dont need an onchain transaction to close.  I get your point about how potentially it could make hard forks harder, but a hard fork doesn't have to affect lightning at all.  It probably wouldnt.  



2869  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 07:13:51 AM

When was the last time Bitcoin had an emergency hard fork?

Doesn't mean we won't need it in the future. What if we need one?

There has never been an emergency hardfork on Bitcoin.

For an emergency hardfork to happen on Bitcoin, would require an existential threat to the network.  In those circumstances you better shut your channels right smart.  

If the hard fork destroys the lighting network and you cannot close your channels in time, tough shit.  The integrity of main net takes precedence and everyone knows it.  Maybe you will lose your coins locked to lightning, maybe the person who gets them will be honourable and return them, maybe the hard fork will force close channels.  Who knows.  Lightning is intended for low value, high volume payments.  It is not intended to be as secure as main net.  

Security is expensive, horrifically so in a decentralised context.  If you want strong security, don't put anything on lighting. 

Keep in mind we are talking about a very low probability event.  Bitcoin is riddled with low probability events that could destroy it.  Quantum computing, global government ban, SHA-256 is broken, all intel/amd processors get backdoored etc etc.  

2870  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 06:49:19 AM
So umm Elwar put his seastead in the water on 2 February and hasn’t posted since 5 February.  Is that right ?

Has anyone heard from him?

try here

https://www.seasteadtalk.org/

Cool false alarm.  He last posted there on 15 Feb and is showing as active today so he's ok.  Probably too busy drinking rum and lying in the sun. 
2871  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 06:44:14 AM
For some people it takes longer to undertand how it works.

Bigblockers don't like it because LN makes their shitcoin completely irrelevant.

Fixed it.

EDIT: this whole Lightning thing is a very (f***ing) complicated clever 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.

I am a big defender of the LN however I've been thinking about the question a bcasher asked to Andreas a while ago.

How is bitcoin going to hard gork while there are thousands of people on the LN?

Is is even possible?

What'll happen if a critical bug is revealed? Some features can only be added via hf...

Even Andreas paused. He actually couldn't come up with an answer instantly like he always did and said he has to think about it first.

When was the last time Bitcoin had an emergency hard fork?
2872  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 04:57:14 AM
So umm Elwar put his seastead in the water on 2 February and hasn’t posted since 5 February.  Is that right ?

Has anyone heard from him?
2873  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 27, 2019, 02:35:28 AM
Our glorious overlords apparently have not filled their bags enough yet so feel the need to push the price back downwards. I believe this trend will continue for a month or so until right before Consensus. Where miraculously bitcoin and shitcoin alike will again start to gravitate upwards towards new yearly highs.

All dramatics aside(or maybe this should read to fully embrace the drama), I think the basic problem is still the battle of forks between btc and bch and btcsv. Every time one trys to pump their coins there is an almost immediate dump to drive prices back down and vice versa.

Its really getting quite old dont you think? It is really quite striking to watch this technological wonder grow yet not have a shred of confidence in its price due to the actions of a few. Same as it ever was. #dyor

Nah.  We are supposed to track sideways until October 2019.  No manipulation required.

2874  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 09:03:54 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.



https://twitter.com/aantonop/status/1100425255062065153?s=21
2875  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 08:12:48 PM









https://twitter.com/lightcoin/status/1100477363652046848?s=21
2876  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 07:26:50 PM





https://twitter.com/alistairmilne/status/1100392114834341889?s=21
2877  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 12:07:40 PM
Well. You can say what you like about the Germans.

They show up to meetings on time
2878  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 12:06:48 PM
Venezuela is one of the cheapest places in the world (on record) to mine bitcoin because of the really cheap electricity prices. Anybody feel like going to live there for 12-18 months & setting uo a mining farm with me? Wink
I heard living there is too risky there.

Yeah, if someone had solid connections there I would consider.
Without some sort of reassurances by the locals - it's not possible.

Get a local to run an extension cord across the border
2879  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: February 26, 2019, 11:32:45 AM
How about a nice daily chart

2880  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 26, 2019, 08:50:31 AM



Edit:




I made a lot of money out of Dentacoin back in the day...
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