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3561  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2018, 12:41:51 AM
wheres your "crypto-god" ceo now?

I have no idea what you're talking about.
3562  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: January 23, 2018, 12:32:09 AM

I don't care who ya are - that there's funny.
3563  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: January 23, 2018, 12:26:44 AM
GOOD NEWS!

Bitcoin fees drop to $1!

HA! I don't know where CCN is getting their data. Maybe they are just fabricating it.

Right now, average fees for BTC are $30.19 USD per kB - or about eight bucks for a typical tx.

Meanwhile, average fee for BCH is $0.081 USD per kB - about three cents per tx.
3564  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 07:27:38 PM
I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  Tongue

And they are wasting worktime when they daytrade.

Given the translation, I don't understand the scope. Is the company forbidding trading on the company's dime? On the company's time? Or any trading -- even private, off-hours -- on the part of employees?
It must be on the companies time.  I doubt they could forbid a perfectly legal activity done outside the companies time.

That's what I think too. Than again, I'm 'merkin. From my vantage point, eurozone is ever-so-slightly leading us into full-on batshit-crazy socialism. So, dunno.
3565  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 07:26:14 PM
Those are the good posts, jbreher.  Grin

there is a reason he isn't on ignore

that and the politeness

Thanks. I try not to inject negativity.
3566  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 07:22:53 PM
I think it’s the requirement for an “always online” connnection. Just easier with cloud.  

Don’t ask me to explain what happens if your node goes offline.  I don’t know.

It enables each of your channel counterparts to broadcast transactions stealing the value you have locked up in that channel, for one. Amongst other ills.
And gives said counterpart the chance to have their whole assets on that channel forfeited by you if anyone snitches on them within a week. I wouldn't try that.

Comprehensive list of entities currently operating such a service:
1)  Huh

Quote
By the way, the phrase you wrote and I underlined could be read as meaning that there are several counterparts per channel. There are only two actors for each channel: yourself and the other end (counterpart).

Yes, bit if you have more than one channel, each with one counterparty, you have in total more than one counterparty. That's all I was trying to convey there.
3567  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 07:10:59 PM
Along these lines, I'm looking to build myself a "proper" server to run Bitcoind and LND. Ideally RAID 10 for the boot volume, and RAID 10 for the blockchain/LND volume.

Figure software RAID under Ubuntu is good enough (?)

Disk bandwidth will be pretty low. SW RAID is fine. mdadm is your friend.
3568  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 07:05:26 PM
I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  Tongue

And they are wasting worktime when they daytrade.

Given the translation, I don't understand the scope. Is the company forbidding trading on the company's dime? On the company's time? Or any trading -- even private, off-hours -- on the part of employees?
3569  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 06:58:37 PM
segwit adaption is increasing.

How are you measuring that?



Quote
at least the bitcoin market dominance is increasing right now.

At least there's that.

Oh. 34.9%? Is that good?
3570  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 06:53:05 PM
I'll try the homespun solution, install docker and all.

I'd be interested in your Internet bandwidth consumption, should you be wiling to share.

My (perhaps flawed) understanding is that in the current implementation, all nodes broadcast all channel state changes to all other nodes. This is necessary, of course, as nobody yet knows how to do decentralized permissionless anonymous path route discovery.

For those playing along at home, you'll no doubt note that (should my understanding be correct), BW consumption scales at O(n^2).

I'm sure it will improve when the routing invention breakthrough occurs.
3571  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 06:47:49 PM
I'm also curious where BTC will be at the end of 2018?

As are we all.

Somebody did a monte carlo simulation based upon a random sampling of daily returns. The center of the probability distribution function was $55.5K.

$55,530 center of distribution
Probability of less than $13K - 9.84%
80% confidence interval: $13,200.00-$271,277.00

You can quibble with the validity of past returns used as a basis for future predictions, but its one analysis.

https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2
3572  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 06:39:36 PM
I think it’s the requirement for an “always online” connnection. Just easier with cloud. 

Don’t ask me to explain what happens if your node goes offline.  I don’t know.

It enables each of your channel counterparts to broadcast transactions stealing the value you have locked up in that channel, for one. Amongst other ills.
3573  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees on: January 22, 2018, 03:33:04 AM

Why are you posting a stale, three week old article on LN here? This is a Bitcoin Cash thread.
3574  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2018, 12:05:50 AM
The walls are moving around today like a funhouse

3575  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2018, 07:09:00 PM
I have so many accounts on so many exchanges I have lost a couple of Eth and have no idea where they are. 

The other day, I re-discovered the fact that I have a wallet at blockchain.info. It even had a couple BTC in it. Score!
3576  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2018, 07:03:25 PM
Just learned that you can cash out from Conbase at 2.5% using paypal 

Why? Cashing out of GDAX is freekin' _free_.
3577  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2018, 06:56:34 PM
https://bitcoin.tax/

It supports the report format of most major exchanges.

It sounds like a useful service. But at what price? What might they be doing with the data other than crunching it for your benefit? Don't forget the universal maxim - if a service is free, then you're not the customer, you're the product.
3578  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2018, 06:52:58 PM
Ugh, I just did my taxes on TurboTax and can't bring myself to hit the send button.  Cry This sucks. Should I just suck it up, sell 0.2BTC and transfer to my bank and be done with it? I despise giving the US government any more money.

Payment isn't due for several months yet. Might be 0.1 BTC or less at that point.

#justsayin
3579  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2018, 06:51:26 PM
Chartstrology, indeed.

When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars
3580  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2018, 06:45:11 PM
Once the exchanges start using lightning to send BTC between them, it’s game over for many altcoins.

Hmm. How often do you suppose exchanges send BTC between each other today?
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