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

[JayJuanGee]

Not even Segwit solves the exponential blockchain increase, but it does make it happen via Lighting Network. Yes, we fucking need L2. It's not if we like, don't like, prefer, not prefer, whatever.... IT IS A FUCKING NECESSITY.

What is this L2 that we supposedly need, now?  Does it relate to scaling supposedly?  Doesn't seem like we need shit when it comes to scaling because we already have something that is in the works...and gotta see how it (namely segwit et al) plays out, no? 

Why we speculating about some abstract thing that we supposedly need when segwit has not even gone active yet? 

Seems like these big blocker nutjob arguments are never going to go away, even when they got their own fucking fork and they still want to propose unnecessary changes to bitcoin regular - because nobody wants their bullshit and non-necessary non-segwit "upgrades"

[1714548140]

1714548140

[AlexGR]

Why is anyone talking about hard disks?

That's like devoting 90% of your effort to choosing the paint job of your Mars Lander rather than how you're going to get there and survive.

Storage has never been an issue. It's the bandwidth and the indexing among other things.

In some cases ISP caps as well. Some ISP caps right now are lower than what you'd need for a full blockchain sync - let alone running a node in your basement.

[bitserve]

Not even Segwit solves the exponential blockchain increase, but it does make it happen via Lighting Network. Yes, we fucking need L2. It's not if we like, don't like, prefer, not prefer, whatever.... IT IS A FUCKING NECESSITY.

What is this L2 that we supposedly need, now?  Does it relate to scaling supposedly?  Doesn't seem like we need shit when it comes to scaling because we already have something that is in the works...and gotta see how it (namely segwit et al) plays out, no?  

Why we speculating about some abstract thing that we supposedly need when segwit has not even gone active yet?  

Seems like these big blocker nutjob arguments are never going to go away, even when they got their own fucking fork and they still want to propose unnecessary changes to bitcoin regular - because nobody wants their bullshit and non-necessary non-segwit "upgrades"

L2 is Second Layer, LN. We need it because otherwise we are not really "scaling". Segwit would be a linear increase of 4x in the best ideal circumstances. probably much less depending on adoption and usage. Now? It is ok.... But at current growth we need to start implementing real scaling solutions that give orders of magnitude more capacity... not a mere 2x or 4x.... that's nothing.

Also... And I hope you will open your mind and realise what I mean... even if we don't RIGHT NOW need that unlimited capacity, the fact that Bitcoin is READY for it would be a huge message to the market. And we all like HUGE price rises, don't we?


Anyway, you are right. The moment now is to enjoy the Segwit activation. That's an amazing milestone for Bitcoin.

[JayJuanGee]

Not even Segwit solves the exponential blockchain increase, but it does make it happen via Lighting Network. Yes, we fucking need L2. It's not if we like, don't like, prefer, not prefer, whatever.... IT IS A FUCKING NECESSITY.

What is this L2 that we supposedly need, now?  Does it relate to scaling supposedly?  Doesn't seem like we need shit when it comes to scaling because we already have something that is in the works...and gotta see how it (namely segwit et al) plays out, no?  

Why we speculating about some abstract thing that we supposedly need when segwit has not even gone active yet?  

Seems like these big blocker nutjob arguments are never going to go away, even when they got their own fucking fork and they still want to propose unnecessary changes to bitcoin regular - because nobody wants their bullshit and non-necessary non-segwit "upgrades"

L2 is Second Layer, LN. We need it because otherwise we are not really "scaling". Segwit would be a linear increase of 4x in the best ideal circumstances. probably much less depending on adoption and usage. Now? It is ok.... But at current growth we need to start implementing real scaling solutions that give orders of magnitude more capacity... not a mere 2x or 4x.... that's nothing.

Also... And I hope you will open your mind and realise what I mean... even if we don't RIGHT NOW need that unlimited capacity, the fact that Bitcoin is READY for it would be a huge message to the market. And we all like HUGE price rises, don't we?


Anyway, you are right. The moment now is to enjoy the Segwit activation. That's an amazing milestone for Bitcoin.

O.k.  we agree about the goodness of segwit, and I have no problem that there is planning on the future, but I still have some difficulties understanding how all these supposed emergencies evolve that suggest that there is not enough future planning or that there had been some kind of failure in the past planning.  Those suggestions about past failings are nearly pure fabrication by a bunch of nutjob bigblocker whiners, and in order to back up their fabrication they engaged in an ongoing campaign to spam the bitcoin blockchain for months to increase fees and transactions times. 

Anyhow, I don't have any problem with work upon some L2 solution, but except for the ongoing sabotage and false narratives, their is no actual emergency in place, and I have no doubt that core already have people working on a variety of future scenarios that ultimately would have to go through the BIP process anyhow before they were to get adopted, which is also not a broken process.

Regarding my supposed non open mind, it seems that you are mischaracterizing my position, and merely because I say fuck a lot does not mean that I have a closed mind, and merely because I find a lot of these big blocker nutjob talking points to be distractions does not mean that I do not have an open mind.  We are getting all kinds of positive shit going on in bitcoin, including seg wit going active and a lot of innovation that is likely going to be built upon that and a lot of known unknowns and likely several unknown unknowns, so I find it quite premature to be pushing these various talking points regarding the variety of supposed ways that bitcoin is broken when there are so many GREAT things that are happening - which also seem to be reflected in our current price and how the market is reacting to 1) activation of segwit and 2) bitcoin's recent perseverance through the bullshit renegade hardfork.

[Mrpumperitis]

yea thats right satoshi was a big block whiner...what did he know eh,lol
peter toad and co, know it all, we should just listen to them and we shouldve never went over 1mb, ...stupid satoshi,lol


this thread is now full of sell-outs...you will have to learn the hard way...i feel sorry for you all  

[bitserve]

I am too tired too keep arguing about scaling. I am just (VERY) happy with inminent Segwit activation and the market response. That's all it counts for me.

On other news, OKCOIN whales are slightly increasing their (long) positions again.

[yefi]

Great thing about this rally is the corrections that are stopping it from going parabolic..but they do still make me panic a bit even though I'm in the black since a long time..

Looks potentially parabolic on the weekly log charts. 15K in a month would satisfy for me

[JayJuanGee]

yea thats right satoshi was a big block whiner...what did he know eh,lol

Nearly worthless appeal to authority, especially when you consider that 2010 was the last participation of satoshi, to the extent that the ideas of any one person matters.

Do you even understand the concept?

Satoshi seems to have purposefully removed himself from the scene which is also a kind of embracement of decentralized movement and bitcoin should be able to work towards trustless governance and consensus, which is group oriented process rather than any one.

peter toad and co, know it all, we should just listen to them and we shouldve never went over 1mb, ...stupid satoshi,lol

Sure, it seems that there are some folks in the space that have better ideas than others including their ability to work within the Core system that allows for widespread participation...

The hardfork was a renegade effort to attempt to undermine bitcoin and to undermine the core system that is already in place.

this thread is now full of sell-outs...you will have to learn the hard way...i feel sorry for you all  

Sell outs?  What the fuck do you know?  You mostly come into the thread either to pump ETH or to otherwise make anti-bitcoin comments, and the fact of the matter is that bitcoin is doing much better than you had foisted upon us with your largely nonsensical, distracting and seemingly troll-inspired posts.

[Meuh6879]

New Week, news ATHs ?

[JayJuanGee]

Great thing about this rally is the corrections that are stopping it from going parabolic..but they do still make me panic a bit even though I'm in the black since a long time..

Looks potentially parabolic on the weekly log charts. 15K in a month would satisfy for me

I think that a large number of us would be falling off of our chairs if such an upwardly outburst were to occur.

Sure, I don't think that such an upward movement is out of the question, but it is so difficult to believe in any such thing until it actually does happen.

One thing is that the past 21 months have been so fucking amazing - really from $250 to $4190 - and even the 80% increase in the past couple of weeks.

I just recalculated my BTC portfolio, and I have so much cash right now, yet I am 92.2% bitcoin, and I looked at my selling projection, and if prices went straight to $15k without any correction, I would still be 80% bitcoin, and maybe that is a dumb selling schedule, but currently, my portfolio is ready for such an upwards outburst, if it were to occur.... maybe the odds of such upwards outburst are less than 10%?  hard to put any kind of exact prediction.

[keystroke]

Updates from masterluc:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

[Elwar]

Updates from masterluc:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

Ya...but that crash from $16,000 to $7,000...   

[Heater]

Updates from masterluc:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

Sounds like something the Riddler would say on Batman and Robin.

Quick Robin - to the Batcave - so we can use the Batcomputer to decode it!

[jojo69]

Why is anyone talking about hard disks?

That's like devoting 90% of your effort to choosing the paint job of your Mars Lander rather than how you're going to get there and survive.

Storage has never been an issue. It's the bandwidth and the indexing among other things.

In some cases ISP caps as well. Some ISP caps right now are lower than what you'd need for a full blockchain sync - let alone running a node in your basement.

anything to keep the n*****s down

/sarc

[keystroke]

Updates from masterluc:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

Sounds like something the Riddler would say on Batman and Robin.

Quick Robin - to the Batcave - so we can use the Batcomputer to decode it!

You should see how much they think needs to be poured into the cue ball for it to reach 15k.

[Bitcoinaire]

Updates from masterluc:

If I'm right and went to the exhibitor, bitcoin will reach the indicated levels in 2-4 weeks. And after that there will be weeping and gnashing of teeth.

Well, after the breakdown of the level of $ 3500 on weeks - I do not see any resistance to the level of $ 15,000

Ya...but that crash from $16,000 to $7,000...   

Ya...but that bounce from $7,000 to over $60,000 by May.....

[Elwar]

For those that have seen me bring up seasteading before, I will post this sneak peek of something I've been helping work on for the past few months..

https://www.blue-frontiers.com/token-offering/


I don't know what I can disclose about it yet other than that it's gonna be yuuugge..

[xhomerx10]

New Week, news ATHs ?

 FTFY

[PoolMinor]

New Week, news ATHs ?

 FTFY

FTF FY

[xhomerx10]

^^Much better!
Merci