Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[AZwarel]

Indeed. http://royal.pingdom.com/2010/02/18/amazing-facts-and-figures-about-the-evolution-of-hard-disk-drives/

To sum it up: price per GB from 1980 to 2010 : 300.000 USD to few cents (less than 1 USD). Max HDD space on average home user HDD went from : 2.520 MBs to 2.000.000 MBs. (an almost 800x increase on a single HDD in an average home PC!).

hmmyea... but no.

The CEO of Intel suggested 'Moore's Law' is finally coming to an end
http://uk.businessinsider.com/intel-ceo-brian-krzanich-suggests-moores-law-is-over-2015-7?r=US&IR=T

Intel scientists find wall for Moore's Law
http://www.cnet.com/news/intel-scientists-find-wall-for-moores-law/


when you dont qualify, you stfu.


edit: bonus: The impending end of Moore's Law is not Intel's biggest problem: http://www.itworld.com/article/2949368/hardware/the-impending-end-of-moores-law-is-not-intels-biggest-problem.html

First, do not need to be rude Sir.
Second, i think we both agree how so many times people were sure something is not gonna work, and yet it did, You can not be serious to extrapolate 30 years of future scientific progress today...Also https://en.wikipedia.org/wiki/Black_swan_theory

[1714237574]

1714237574

[findftp]

Just sharing some information on lighting so we can consider the cons and be better informed:

Lightning is centralized by design. It's something like a centralized ledger that is capable of pushing out finalized transaction states to the real ledger at anytime.

Just like almost all exchanges are currently doing.
But those exchanges are 100% off chain. Better put it on chain and sync with it every 30 days or so.
Much better to prove solvency and shit.

Drawbacks:
- It screws with the UTXO set, because you can't tell where the money actually is in the system

For a certain amount of time. I believe 30 days or so were proposed.

- It's 100% centralized and could be prone to regulation. I've seen them talk about this and they say if the centralized node starts to whitelist addresses or something to that effect, they'll just start another one.

It's called 'free market'.
You don't have to trade with that particular entity.
If you don't like it, use the main chain and pay a (higher) fee.

- It's incredibly complicated and will be prone to errors for the first year or two

Planes and rockets are also complicated.
Whenever there is progress, errors are made in the process. It's called evolution.
Sit still and you die.

- It's not really that useful if you're paying different people with every transaction you do. It's more useful for subscriptions or companies that are paying each other all of the time.

This is not a drawback but a feature.
It is offloading the main chain.
There is no advantage to record each throw of a dice on the main chain. Just send the balance at the end of the day. (https://pocketdice.io/ for example)
Let them use the lightning network so we can keep the main chain cheap(er).

Lightning brings in the following
1) Centralization
2) trusting third parties
3) possible exploits.

I'm very happy to know XT is totally unable to have any exploit at all.
Do you might also know some positive points about lightning?

Here is the article from Mike Hearn on the subject:

https://medium.com/@octskyward/the-capacity-cliff-586d1bf7715e

I'll go and read it.

[hdbuck]

Indeed. http://royal.pingdom.com/2010/02/18/amazing-facts-and-figures-about-the-evolution-of-hard-disk-drives/

To sum it up: price per GB from 1980 to 2010 : 300.000 USD to few cents (less than 1 USD). Max HDD space on average home user HDD went from : 2.520 MBs to 2.000.000 MBs. (an almost 800x increase on a single HDD in an average home PC!).

hmmyea... but no.

The CEO of Intel suggested 'Moore's Law' is finally coming to an end
http://uk.businessinsider.com/intel-ceo-brian-krzanich-suggests-moores-law-is-over-2015-7?r=US&IR=T

Intel scientists find wall for Moore's Law
http://www.cnet.com/news/intel-scientists-find-wall-for-moores-law/


when you dont qualify, you stfu.


edit: bonus: The impending end of Moore's Law is not Intel's biggest problem: http://www.itworld.com/article/2949368/hardware/the-impending-end-of-moores-law-is-not-intels-biggest-problem.html

First, do not need to be rude Sir.
Second, i think we both agree how so many times people were sure something is not gonna work, and yet it did, You can not be serious to extrapolate 30 years of future scientific progress today...Also https://en.wikipedia.org/wiki/Black_swan_theory

i dont extrapolate.
i live in the present.
its the pro blocksize fudsters that are retards extrapolating futuristic nonsense.

+its not me saying moore's law is coming to an end. it's intel's friggin CEO.

[coins101]

...Do you might also know some positive points about lightning?
..

Transaction confirmations should be instant.

I'd risk $10-$20 on the network at any one time in order to have the flexibility of instant confirmations for buying small items - buying coffee is the often touted use case.

But, the ease of use needs to compete with SPVs. So it should come down to whether Bitcoin payment processors are happy to enable instant confirmation for retailers or if they would rather push that onto the Lightning network.

[AZwarel]

Indeed. http://royal.pingdom.com/2010/02/18/amazing-facts-and-figures-about-the-evolution-of-hard-disk-drives/

To sum it up: price per GB from 1980 to 2010 : 300.000 USD to few cents (less than 1 USD). Max HDD space on average home user HDD went from : 2.520 MBs to 2.000.000 MBs. (an almost 800x increase on a single HDD in an average home PC!).

hmmyea... but no.

The CEO of Intel suggested 'Moore's Law' is finally coming to an end
http://uk.businessinsider.com/intel-ceo-brian-krzanich-suggests-moores-law-is-over-2015-7?r=US&IR=T

Intel scientists find wall for Moore's Law
http://www.cnet.com/news/intel-scientists-find-wall-for-moores-law/


when you dont qualify, you stfu.


edit: bonus: The impending end of Moore's Law is not Intel's biggest problem: http://www.itworld.com/article/2949368/hardware/the-impending-end-of-moores-law-is-not-intels-biggest-problem.html

First, do not need to be rude Sir.
Second, i think we both agree how so many times people were sure something is not gonna work, and yet it did, You can not be serious to extrapolate 30 years of future scientific progress today...Also https://en.wikipedia.org/wiki/Black_swan_theory

i dont extrapolate.
i live in the present.
its the pro blocksize fudsters that are retards extrapolating futuristic nonsense.

+its not me saying moore's law is coming to an end. it's intel's friggin CEO.

I understand, and it is a valid standpoint. I am agnostic in this blocksize debate, precisely because none of us can tell the future. Not FUDding at all, it will be sorted out one way or another, for economical reasons (too much people has too much capital - time, knowledge, money - invested in). Also, living in the present and thinking about the future - in my view - are not exclusive options.

About the Moore's law and Intel CEO: the reason for slowing as i see is that market demand for rapid progression is slowing down - the average consumer PC/tablet/smart phone is "good enough" hardware to be ok already (office use, gaming, design, etc.), no pressure to upgrade every 1-2 years. So naturally, a hardware supplier will say "progress halted". If market demand would be huge for new computing capacity, they would spend way more on R&D, since they can profit on the new product, and Moore's law would hold up.
for example, bitcoin mining was the main drive force behind new chip fabrication development in the last 2-3 years, precisely because it could turn on profit!

[coinpr0n]

"Industry" Endorses Bigger Blocks and BIP101 (blog.blockchain.com): http://blog.blockchain.com/2015/08/24/industry-endorses-bigger-blocks-and-bip101/

[hdbuck]

[gentlemand]

About the Moore's law and Intel CEO: the reason for slowing as i see is that market demand for rapid progression is slowing down - the average consumer PC/tablet/smart phone is "good enough" hardware to be ok already (office use, gaming, design, etc.), no pressure to upgrade every 1-2 years. So naturally, a hardware supplier will say "progress halted". If market demand would be huge for new computing capacity, they would spend way more on R&D, since they can profit on the new product, and Moore's law would hold up.

My laptop is 6 years old. I just bought another one the other day and the specs are only about 10-20% higher at a similar level.

Consumer hardware may well slow down to a crawl, in fact it pretty much has compared to progress through the 90s and early 2000s, but demand for storage and bandwidth will be ever increasing as more and more facets of life move onto the net and hard copies of media fall by the wayside.

[Fatman3001]

I understand, and it is a valid standpoint. I am agnostic in this blocksize debate, precisely because none of us can tell the future. Not FUDding at all, it will be sorted out one way or another, for economical reasons (too much people has too much capital - time, knowledge, money - invested in). Also, living in the present and thinking about the future - in my view - are not exclusive options.

About the Moore's law and Intel CEO: the reason for slowing as i see is that market demand for rapid progression is slowing down - the average consumer PC/tablet/smart phone is "good enough" hardware to be ok already (office use, gaming, design, etc.), no pressure to upgrade every 1-2 years. So naturally, a hardware supplier will say "progress halted". If market demand would be huge for new computing capacity, they would spend way more on R&D, since they can profit on the new product, and Moore's law would hold up.
for example, bitcoin mining was the main drive force behind new chip fabrication development in the last 2-3 years, precisely because it could turn on profit!

Your point is apt, but the current slowing of Moore's law has more to do with the physics of making smaller and smaller fabrication nodes. There is more money flowing into processor development now than ever before.

[sAt0sHiFanClub]

hmmyea... but no.

The CEO of Intel suggested 'Moore's Law' is finally coming to an end
http://uk.businessinsider.com/intel-ceo-brian-krzanich-suggests-moores-law-is-over-2015-7?r=US&IR=T

Intel scientists find wall for Moore's Law
http://www.cnet.com/news/intel-scientists-find-wall-for-moores-law/


when you dont qualify, you stfu.


edit: bonus: The impending end of Moore's Law is not Intel's biggest problem: http://www.itworld.com/article/2949368/hardware/the-impending-end-of-moores-law-is-not-intels-biggest-problem.html

Stupid f*ckwit.  

Moores law and Storage?  hdfuck would have to go to grade school to qualify as retarded.

[ChartBuddy]

Coin
Explanation

[madonnino]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

[adamstgBit]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

bottom?

probably not till you sell...

when are you going to sell?

[aztecminer]

we can't see the blood yet.. but we can sure smell it  . 

[BlackSpidy]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

I'm thinking to buy, I'm just waiting up on some money... and even lower bargain prices. Man, people are gonna regret selling 8 months from now.

[Norway]

to be honest, linear chart looks massively oversold to me.

A lot of people still fail to realize, that in all probability, the last bubble was fueled by goxmoney that didn't actually exist.

Some people look at history logs. They are very interested in what happened yesterday. The last week. Last year. The last 500 years. They try to predict the future based on these old logs (like bitcoin wisdom). They try to see a repeating pattern that nobody else see. Which would give them a competitive advantage in bitcoin trading if it was true.

I look at future potential. I watch bitcoinwisdom to get the current number, not the graph. I'm old & cynical. I do my own math and considerations in trying to predict the future.

Today I checked, and discovered that allmost 10,000 people have watched my pie charts prediction tools. (They are worthless unless you assign your own probabilities to the different outcomes.)

Smart guys can use them, stupid guys respond to them with: "But I don't know how succsessful bitcoin will be?"

They are here:

https://imgur.com/KA8CuED

[dragonseer]

Well the DOW just went down 1089 points or something and Gold got an immediate boost, but not so Bitcoin. I just used the last bit of credit on my card to buy some more BTC at 217  USD. Now I've got some BTC, LTC, I even bought some Ripple and Ethereum in the last few days (mostly I diversified a little because of this fork debate). Someone is going to have to take a second look at blockchain tech in the wake of this 'Black Monday': http://www.usatoday.com/story/money/markets/2015/08/24/stocks-monday/32254435/

[rebuilder]

Well, at least you put a lot of effort into it.

Please stop enabling the local misanthrope.

[jertsy]

Wtf. .. where are we going?  215$ this is some serious shit,  i m thinking to sell i have just reedemed my paper wallets

I'm thinking to buy, I'm just waiting up on some money... and even lower bargain prices. Man, people are gonna regret selling 8 months from now.

There's that big psychological barrier at $200 looming. If it goes below that the drop will be big and fast. Everyone's wondering if it's going below $200. It might only be a coincidence the stock market crash is happening on the same day that Bitcoin's going down, but you never know. Some traders might be dumping Bitcoins to make up for their huge losses on stocks and shares.

[Jammalan the Prophet]

Well the DOW just went down 1089 points or something and Gold got an immediate boost, but not so Bitcoin. I just used the last bit of credit on my card to buy some more BTC at 217  USD. Now I've got some BTC, LTC, I even bought some Ripple and Ethereum in the last few days (mostly I diversified a little because of this fork debate). Someone is going to have to take a second look at blockchain tech in the wake of this 'Black Monday': http://www.usatoday.com/story/money/markets/2015/08/24/stocks-monday/32254435/

How about you have another look right now?