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

[blockinoutthehaters]

You should talk to shroomskit.

[DARKHOLDER]

Next target 5k before end of august?

[Last of the V8s]

Next target 5k before end of august?

easily, because so much bullish in here:
http://mailchi.mp/f5534e98f380/bitcoin-tech-talk-newsletter?e=f9889fdbb6

[empowering]

True. Let's be honest here, we've all seen this time and time again.

Yea But its fucking worthless everytime we hit ath then we sink €300 down almost
Oke i understand poeple big investors making money sell high And buy loww to make there stash bigger

But its fucking annoying

meh....it is nothing new in terms of percentages- it is just a little more dramatic now that there is more $$ involved


Do not fight it....embrace it

[jbreher]

who's buying this BCH 

[jbreher]

lies [misattribution by Last of the V8s - ed]

lies? Exactly one of us in this discussion is modifying quotes to misrepresent what the other has said. And it ain't me.

So perhaps you'd like to elucidate at least one specific statement of mine that you believe is a lie? For reference:

So what? So I am just pointing out that use of this completely countermands the entire 'lots of non-mining, fully-validating nodes are useful to the network as a whole' narrative.

I didn't say anything about BCash - neither about Bitcoin Cash, which is what I assume you meant (BCash is an entirely different project based upon zk-snarks).

I have no complaint about Blockstream broadcasting their blockchain via satellite. More power to them. I'm sure some will find it useful.

And I have no unease regarding the trends in regards to the competition of Bitcoin Segwit vs Bitcoin Cash.

Methinks you are lashing out because Bitcoin Cash has not yet cratered, and this prospect is starting to worry you. But that's just armchair analysis by one not specifically trained in psychology.

[jbreher]

If you haven't got $100 million to spend on supporting this nascent decentralised network with a broadcast satellite network you should just piss off? amirite?

There is nothing decentralized about a single sanitized version of the chain.

How would that be possible? in any meaningful way the chain is the chain.....right?

(genuine question)  

Well, that chain is that chain, to be sure. But if the One True Chain is chosen by a centralized party (i.e. those that own the satellite bandwidth, based upon the backchannel relay network that they also own in control if not own outright in a legal sense), then that One True Chain isn't very decentralized, is it?

Is it not a central tenet of core-ians that it is multitudinous non-mining fully-validating nodes cooperating on validation that determines the One True Chain? Or are you admitting that such non-mining fully-validating nodes add no value to the system as a whole?

(genuine questions)

[jbreher]

If you haven't got $100 million to spend on supporting this nascent decentralised network with a broadcast satellite network you should just piss off? amirite?

There is nothing decentralized about a single sanitized version of the chain.

How would that be possible? in any meaningful way the chain is the chain.....right?

(genuine question)  

a gentle reminder - if you could answer the question honestly this time, that would be great

Yeah - see one or two posts above this one.

Your turn.

[Last of the V8s]

lies [misattribution by Last of the V8s - ed]

lies? Exactly one of us in this discussion is modifying quotes to misrepresent what the other has said. And it ain't me.

So perhaps you'd like to elucidate at least one specific statement of mine that you believe is a lie? For reference:

So what? So I am just pointing out that use of this completely countermands the entire 'lots of non-mining, fully-validating nodes are useful to the network as a whole' narrative.

I didn't say anything about BCash - neither about Bitcoin Cash, which is what I assume you meant (BCash is an entirely different project based upon zk-snarks).

I have no complaint about Blockstream broadcasting their blockchain via satellite. More power to them. I'm sure some will find it useful.

And I have no unease regarding the trends in regards to the competition of Bitcoin Segwit vs Bitcoin Cash.

Methinks you are lashing out because Bitcoin Cash has not yet cratered, and this prospect is starting to worry you. But that's just armchair analysis by one not specifically trained in psychology.

i don't like quoting your lies.
the bolded part.
while your uncommon use of 'countermand' muddies the waters somewhat, the whole of your statement is purposefully dishonest.
idc about altcoins.

[jbreher]

lies [misattribution by Last of the V8s - ed]

lies? Exactly one of us in this discussion is modifying quotes to misrepresent what the other has said. And it ain't me.

So perhaps you'd like to elucidate at least one specific statement of mine that you believe is a lie? For reference:

So what? So I am just pointing out that use of this completely countermands the entire 'lots of non-mining, fully-validating nodes are useful to the network as a whole' narrative.

I didn't say anything about BCash - neither about Bitcoin Cash, which is what I assume you meant (BCash is an entirely different project based upon zk-snarks).

I have no complaint about Blockstream broadcasting their blockchain via satellite. More power to them. I'm sure some will find it useful.

And I have no unease regarding the trends in regards to the competition of Bitcoin Segwit vs Bitcoin Cash.

Methinks you are lashing out because Bitcoin Cash has not yet cratered, and this prospect is starting to worry you. But that's just armchair analysis by one not specifically trained in psychology.

i don't like quoting your lies.
the bolded part.
while your uncommon use of 'countermand' muddies the waters somewhat, the whole of your statement is purposefully dishonest.
idc about altcoins.

No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?

[Last of the V8s]

lies [misattribution by Last of the V8s - ed]

lies? Exactly one of us in this discussion is modifying quotes to misrepresent what the other has said. And it ain't me.

So perhaps you'd like to elucidate at least one specific statement of mine that you believe is a lie? For reference:

So what? So I am just pointing out that use of this completely countermands the entire 'lots of non-mining, fully-validating nodes are useful to the network as a whole' narrative.

I didn't say anything about BCash - neither about Bitcoin Cash, which is what I assume you meant (BCash is an entirely different project based upon zk-snarks).

I have no complaint about Blockstream broadcasting their blockchain via satellite. More power to them. I'm sure some will find it useful.

And I have no unease regarding the trends in regards to the competition of Bitcoin Segwit vs Bitcoin Cash.

Methinks you are lashing out because Bitcoin Cash has not yet cratered, and this prospect is starting to worry you. But that's just armchair analysis by one not specifically trained in psychology.

i don't like quoting your lies.
the bolded part.
while your uncommon use of 'countermand' muddies the waters somewhat, the whole of your statement is purposefully dishonest.
idc about altcoins.

No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?

Although it's great fun and some pr, as it stands I'm not terribly interested in the thing because

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)

has to be down only, there is no uplink gear in that BOM

thanks

so we have to trust the chain they beam down? my node can't reject rule-breaking blocks? jbreher would love this

non-starter

[Torque]

Methinks you are lashing out because Bitcoin Cash has not yet cratered, and this prospect is starting to worry you. But that's just armchair analysis by one not specifically trained in psychology.

Methinks that even though you got your coveted 8mb forked coin that you said would solve all problems, it's you that are still worried. Because your shitcoin clone didn't suddenly get universally embraced and take over Bitcoin's market. And Bitcoin's price is still rising as adoption continues to accelerate.

And because you still keep posting about it here. Give it up dude.

[El duderino_]

who's buying this BCH 

GOOD i Still have lots to sell 😄

[d_eddie]

who's buying this BCH 

GOOD i Still have lots to sell 😄

I do too, but I think it would be nicer to wait for possible November turbolence before converting it all into BTC.

[fluidjax]

No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?

I can't connect the dots, what are you suggesting?

[El duderino_]

who's buying this BCH 

GOOD i Still have lots to sell 😄

I do too, but I think it would be nicer to wait for possible November turbolence before converting it all into BTC.

Yeahh i'm Still waiting to........ But it wil feel Good to sell another part of it

[DaRude]

Are there any online wallets that can sweep BiCH coin? I don't want to wait weeks for full client to load

[gentlemand]

Are there any online wallets that can sweep BiCH coin? I don't want to wait weeks for full client to load

Coinomi.

https://medium.com/@coinomi/collecting-your-free-bitcoin-cash-coins-44fcc6008bb6

[Last of the V8s]

http://bitcoinfibre.org/
FIBRE is designed to be easy to operate for anyone already running a network of Bitcoin Core instances

http://bitcoinrelaynetwork.org/
Some details:
 * The relay nodes do some data verification to prevent DoS, but in
order to keep relay fast, they do not fully verify the data they are
relaying, thus YOU SHOULD NEVER mine a block building on top of a
relayed block without fully checking it with your own bitcoin validator
(as you would any other block relayed from the P2P network).

The relay nodes are NOT a
replacement for having peers on the standard P2P network, nor should you
rely on it as your only fast block relay method.

[empowering]

No lies here.
The Blockstream Satellite project is supposed to broadcast the One True Chain, correct?
The Blockstream Satellite project sources this One True Chain from the relay network, correct?
The relay network is a high speed backchannel whose primary purpose is to tie all miners together directly in a low latency network free of hops through non-mining nodes, correct?
You really can't connect these dots?

If the Blockstream satellite project does not transmit the actual blockchain- then it will be irrelevant

Its very value is that it will relay THE blockchain - as in what is agreed upon by consensus - it will not override the blockchain