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

[Fatman3001]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

[1714663585]

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[1714663585]

1714663585

[coins101]

Everyone is buying Bitcoins. Yaay!

[jertsy]

man Bitcoin looks slow and heavy compared to the forex market currently.
The Euro got 4% in like 2 days without a pullback.


Maybe bitcoin is finally just reacting to the weak Dollar which is on his knees together with the stock markets?


Man if the markets flip over we could see a worse crash then in 2008... It's going to be really interesting how Bitcoin is going to react at the first big scale global crisis.
Will it shine? Or just dump like everything else?


We shall see.

That might be the real reason the EU want to regulate Bitcoin exchanges to the extreme. If there's a big stock market crash on the scale of 2008 they won't want people hiding their money in Bitcoin. With extreme exchange regulations about reporting every trade, withdrawal, and deposit they could find out every EU citizen's transactions in real time.

[JayJuanGee]

I'm not participating in this thread to compete with anyone regarding purported intelligence or any other characteristic or to pump anything. 

And sure, I have no problem that many of the posters may be more intelligent than me in a variety of ways.  In fact, I expect every poster to have some kind of knowledge that is greater than mine concerning that person's own experiences.

It seems like within the past couple of days, I responded to another post of yours that had a similar level of accusations towards me.

I found it...... for ease of reference, here it is:  https://bitcointalk.org/index.php?topic=178336.msg13758940#msg13758940 

Accordingly, I responded to your post, but you "conveniently" failed to acknowledge or respond to any of my points within that post.

In essence, I don't necessarily want to be repetitive in making points that I have already made in my earlier post, so if there is anything, you can respond to that.   Accordingly, if we are here genuinely attempting to stay on topic and to provide our experiences in respect to bitcoin, then, some of us are going to have different views regarding the future of bitcoin (if any).

yeah i do repeat myself a lot... purposely .. because if i dont people will forget.

You repeat yourself and you fail / refuse to respond to substance because you do not have any real and meaningful substantive analysis to provide beyond your various narrow talking points that are largely detached from facts.

nah is much more simple than that: i just grown to not like you juangee because you spread false rumors that nothing is wrong with bitcoin.. your simply a LIAR.

O.k.  Well, we do not really need to interact with one another, but there is a bit of bullshit in your various responses when you throw out a variety of allegations and then you fail to respond to any substance when called on it....  I think that you do not like me and you are calling me names because you are lacking substantive responses... and it is just easier for you to call names and avoid anything meaningful.

In that regard, you would likely have difficulties pointing out any actual evidence to prove your allegations or various conclusory points you make or even to substantiate how I could be a liar (what would I be lying about?  HELROW?  my opinion?) 

You are likely unable to point out any instance of me lying and then get into any substantive discussion of that... like, for example, you pointing out Ripple as a supposed meaningful competitor to Bitcoin... yeah right       You throw out the name, and then you have no ability to back it, and you comment makes little to no sense... just like your allegation that I am somehow lying about something, such as my opinion... what nonsense.   If you avoid substance, then it makes it easier for you to spin and to continue to ignore actual facts.  Your conduct seems to fit fairly closely within the definition of trolling.

[billyjoeallen]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

hearn beat him to it.

I wouldn't even know who Mike Hearn is if Core were doing their damn jobs. Blockstream is using an anti-spam kludge as an economic tool. They were never authorized by the owners (holders) or the employees (miners) to do so. They infect the network so they can sell us the cure. Mike Hearn wanted to bypass Core because Core IS the problem.  This is the free market equivalent of regulatory capture. Well, it won't work. Either the market embraces Blockstream and gives me an opportunity to cash out at a nice profit, or it rejects smallblocks and crashes, incentivizing the miners to adopt a real scaling solution.  I'm good either way, so what's it gonna be?

[JayJuanGee]

man Bitcoin looks slow and heavy compared to the forex market currently.
The Euro got 4% in like 2 days without a pullback.


Maybe bitcoin is finally just reacting to the weak Dollar which is on his knees together with the stock markets?


Man if the markets flip over we could see a worse crash then in 2008... It's going to be really interesting how Bitcoin is going to react at the first big scale global crisis.
Will it shine? Or just dump like everything else?


We shall see.

I think that it is true that we do not really know for sure when any kind of real big adjustment is going to take place.

I don't think that the dollar is anywhere on its knees, but you are correct that the bubble may not be sustainable and a sudden flip could take place at some unexpected time... whether within days or even months... .... but adjustments, here and there, I am not sure about whether a sudden adjustment is imminent...

In any event, I believe that my BTC portfolio is in a pretty decent position in the event that BTC is a counter performer to the dollar.

[hdbuck]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

hearn beat him to it.

Always room for one more.

Garzik seems on his way.

[BlindMayorBitcorn]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

I'm starting to wish he had just stuck to Moneros.

[blunderer]

...
I wouldn't even know who Mike Hearn is if Core were doing their damn jobs. Blockstream is using an anti-spam kludge as an economic tool. They were never authorized by the owners (holders) or the employees (miners) to do so. They infect the network so they can sell us the cure. Mike Hearn wanted to bypass Core because Core IS the problem.  This is the free market equivalent of regulatory capture.

Frightens and confuses me, how much I agree.

Well, it won't work.

Phew! Disregard, order restored.

[sAt0sHiFanClub]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted.

But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be.

[ChartBuddy]

Coin



Explanation

[jertsy]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted.

But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be.

Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin.

[BlindMayorBitcorn]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted.

But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be.

Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin.

He's probably just waiting to dump on corporate America at the most opportune moment. Then they can all sue Blockstream.

[sAt0sHiFanClub]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted.

But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be.

Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin.

He has probably expressed his opinion many times, but was banned for 'trolling core'.

[aztecminer]

Price when approaching Bitcoin halving in July:

A. Big drop?

B. Big pump?

Definitely gonna pump the living daylights out of it. If you time it well, there's money to be made. But I suspect that it will happen about a month before the first 12.5btc block.

+1 the pump began with the Marshal's Auction Pump 2015. .. it will proceed upward pump beyond $500 probably after tax day .. and as predicted, bitcoin has not gone below 350 due to that being uncomfortably close to 300.. predicting this is easy when you understand the mindset and strategies of the manipulators. another strategy they like to employ is to discredit those who make predictions .. it is the same strategy they employ in the pm markets. the same strategies.

what we should be careful about is how they are dragging their feet to fix the scaling issue. they could pump bitcoin for the halvening, and then kill it with scaling failure in a wealth transfer scheme. and then roll out something new, if they even have time left to do that.. the federal reserve caught in the crunch right now.. they need a way to fix their books .

in other words: TRADE WITH CAUTION

[orpington]

The Curious Case of Gregory Maxwell & The Lightning Network

https://news.bitcoin.com/the-curious-case-of-gregory-maxwell-and-the-lightning-network/

The routing problem is further complicated because they don't only want to route transactions. They want to take a slice and collect a fee for doing so. This is a fee that will come directly out of the pockets of miners and will make Bitcoin less secure.

Blockstream hobbles bitcoin, gives it a crutch and then tries to take credit that it can walk. If Core loses their position as reference client developers, they should try a career in government.

Greg would make a pretty good banker. Why not give it a try??

Looks like he's making the same mistakes bankers made in the early 2000s as well. Introducing products he doesn't understand and/or doesn't understand the consequences of.

Ha! Bankers don't make mistakes - they still make money either way. And Greg is just realising that he doesn't really need to 'sell' anything now - the deal is done and dusted.

But what I cant get with is the fact that he knows he has no solution to routing, but is willing to pretend otherwise. Seems a dangerous strategy. But maybe its the only game left. And it seems to be working - getting Horizons and AXA onboard ( albeit with a lot less money than they are letting on) is no mean achievement. But it will be the death of Bitcoin as the vast majority of its community understand it to be.

Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin.

He has probably expressed his opinion many times, but was banned for 'trolling core'.

I don't think so. I doubt he would approve of subversive altcoin garbage like "Classic" and the chumps behind it.

[aztecminer]

Are you ready to say good bye to the $3xx range?  

Not ready for the $200 range just yet. Lots of volatility first.

$200 range ?? u think mike hearn would released his big fud if this was going back to $200 range ?? i think the thinking is that if it were going to happen it already would have.. it shoulda happened immediatly .. it should never reached $500 either... maybe it will after the halvening after the pump when they can pull a wealth transfer. otherwise.. no more $200 range before halvening. ..  silver is up $1.50 since i first told everyone to buy when i bought two 100 oz englehard silver bars that ring true ......................... i doubt they crush it again cuz we are not doing like they want.. instead we keep buying.

[molecular]

Satoshi might post his opinion backed by his PGP key to stop his creation mutating into something he opposes. His voice could change attitudes faster than anything else. Most of the community would back his opinion because he is the instigator of the Bitcoin project. If he's alive he must be following what's happening to Bitcoin.

We will get through this... with or without him.

[molecular]

He has probably expressed his opinion many times, but was banned for 'trolling core'.

For promoting an altcoin.

[aztecminer]

I'm not participating in this thread to compete with anyone regarding purported intelligence or any other characteristic or to pump anything.  

And sure, I have no problem that many of the posters may be more intelligent than me in a variety of ways.  In fact, I expect every poster to have some kind of knowledge that is greater than mine concerning that person's own experiences.

It seems like within the past couple of days, I responded to another post of yours that had a similar level of accusations towards me.

I found it...... for ease of reference, here it is:  https://bitcointalk.org/index.php?topic=178336.msg13758940#msg13758940  

Accordingly, I responded to your post, but you "conveniently" failed to acknowledge or respond to any of my points within that post.

In essence, I don't necessarily want to be repetitive in making points that I have already made in my earlier post, so if there is anything, you can respond to that.   Accordingly, if we are here genuinely attempting to stay on topic and to provide our experiences in respect to bitcoin, then, some of us are going to have different views regarding the future of bitcoin (if any).

yeah i do repeat myself a lot... purposely .. because if i dont people will forget.

You repeat yourself and you fail / refuse to respond to substance because you do not have any real and meaningful substantive analysis to provide beyond your various narrow talking points that are largely detached from facts.

nah is much more simple than that: i just grown to not like you juangee because you spread false rumors that nothing is wrong with bitcoin.. your simply a LIAR.

O.k.  Well, we do not really need to interact with one another, but there is a bit of bullshit in your various responses when you throw out a variety of allegations and then you fail to respond to any substance when called on it....  I think that you do not like me and you are calling me names because you are lacking substantive responses... and it is just easier for you to call names and avoid anything meaningful.

In that regard, you would likely have difficulties pointing out any actual evidence to prove your allegations or various conclusory points you make or even to substantiate how I could be a liar (what would I be lying about?  HELROW?  my opinion?)  

You are likely unable to point out any instance of me lying and then get into any substantive discussion of that... like, for example, you pointing out Ripple as a supposed meaningful competitor to Bitcoin... yeah right     You throw out the name, and then you have no ability to back it, and you comment makes little to no sense... just like your allegation that I am somehow lying about something, such as my opinion... what nonsense.   If you avoid substance, then it makes it easier for you to spin and to continue to ignore actual facts.  Your conduct seems to fit fairly closely within the definition of trolling.

i haven't been reading your entire posts...sorry. your kind of trash talk downs people u disagree with in the forum rather than objects like bitcoin .