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Question: Oct. 31 Closing Price:
<$5,000 - 3 (10.7%)
$5000-$5,500 - 0 (0%)
$5,500-$6,000 - 4 (14.3%)
$6,000-$6,500 - 4 (14.3%)
$6,500-$7,000 - 5 (17.9%)
$7,000-$7,500 - 2 (7.1%)
$7,500-$8,000 - 1 (3.6%)
$8,000-$8,500 - 2 (7.1%)
>$8,500 - 7 (25%)
Total Voters: 28

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20635157 times)
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ssmc2
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November 08, 2017, 08:27:58 PM

https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

Their articles are usually on point but this one seems like fear mongering.
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Gab0
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November 08, 2017, 08:28:12 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.
gwoplock
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November 08, 2017, 08:29:40 PM

https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

Their articles are usually on point but this one seems like fear mongering.

Quantum will kill all hash functions. the thing is we are still > 10 years from home quantum. Currently, it only works in the lab near absolute 0

edit: I a word
Last of the V8s
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November 08, 2017, 08:30:30 PM

We can celebrate, but let's not gloat guys.

I, for one, praise the S2X camp for achieving the internal consensus to pull back from the brink.

We will eventually, in a safe and orderly manner, address their concerns regarding scaling.

In the end, they behaved like rational adults.  Perhaps we can have nice things.

Well you're a very nice guy.

On the other hand I will never trust any of these guys.

They proved they are anti-bitcoin when they didn't back down months ago.

These deceitful cowards will be back for your nice things.

Rosewater Foundation
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November 08, 2017, 08:31:30 PM

Why is ETH up and BCH down? This market makes zero sense.

Makes perfect sense...Ver and most of the BCH crowd are big ETH supporters.

BCH was poised to be the solution to Bitcoin's woes if the S2X fork completely hosed both systems and brought everything crumbling down.

So people started buying BCH with their ETH.

Now that the S2X fork isn't happening people are moving their money back into ETH.

You're right, makes sense..
xhomerx10
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November 08, 2017, 08:31:45 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?
Have you ever done an international wire?

 No word of a lie, just did one Thursday; it arrived at its destination account yesterday and it was no charge.  I was so surprised when the bank teller told me "No charge.  It's free!", but then it worked out to nearly a 5% flogging on the exchange rate differential - they now make their money in other, more subtle ways.
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November 08, 2017, 08:35:00 PM

We can celebrate, but let's not gloat guys.

I, for one, praise the S2X camp for achieving the internal consensus to pull back from the brink.

We will eventually, in a safe and orderly manner, address their concerns regarding scaling.

In the end, they behaved like rational adults.  Perhaps we can have nice things.

 Screw it. I'm going to violate a forum rule for this one.

+1
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November 08, 2017, 08:38:53 PM

Can we launch a public request to Jihan to donnate a few servers (no longer needed anyway) to Kraken? At least he would serve some public interest by doing so... . Wink

Kraken are actually doing quite well with their laptop.


i alway´s thought they are using a C64
Higher Altitude
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November 08, 2017, 08:40:15 PM

Stocked up on that bounce.

On board the 8k CHOOCHOO now.
Fiat = Deer in headlights  Grin
Rosewater Foundation
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November 08, 2017, 08:41:42 PM

SegWit2x futures are inching back up. Imagine this is a war ruse. Shocked
Quick! Attack all the hatches! Batten down the sinews!
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November 08, 2017, 08:42:20 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.

How often does one open and close a credit card in their lifetime?
suzanne5223
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November 08, 2017, 08:44:52 PM

Tomorrow >$8k

It good to optimistic but are you sure about that mate because there is some kind of dump in price of bitcoin cause it was around $7200 price range 10minutes back and it now $7100.
TheFlynn49
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November 08, 2017, 08:45:07 PM

ViaBTC has turned it's Segwit2X flag off, has it not ?

493670    7 minutes ago    0x20000000    ViaBTC    f/ViaBTC/Bitcoin Cash/,mm"Œy3jHp m@~/^&zeҁ    No    No    1,053.97    3,993.21
493668    28 minutes ago    0x20000000    ViaBTC    d/ViaBTC/Bitcoin Cash/,mmcaI-+:7w]vU~<,    No    No    1,047.23    3,993.17
Rosewater Foundation
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November 08, 2017, 08:48:19 PM

^good point, who's still signalling?
mymenace
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November 08, 2017, 08:50:59 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.

How often does one open and close a credit card in their lifetime?

This is interesting, I hope everyone realizes

Bitcoin is built and tested it works


Here is the part where everybody else comes in

Build on top of it....

Build around it

Build with it

You can do almost anything to make it cheaper, faster, more efficient

Gab0
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November 08, 2017, 08:51:19 PM

The tx fees suck because the value is so high

I did 6 btc tx yesterday with electrum using dynamic fees within 2 blocks. They averaged 3$ each.
Is that too damn high?

In fact, yes.
Imagine when millions of people are opening and closing LN channels or executing smart contracts.
It is not my intention to spread FUD, but we have an eventual problems between our hands.
I really hope bitcoin can scale offchain, as onchain.

How often does one open and close a credit card in their lifetime?

I can be wrong, correct me if I do.
To use LN you must create payment channels. If I want to buy something on Amazon, I should open a payment channel with Amazon. But, if tomorrow I want to buy something on Ebay, I must also open a channel with them? And if later I want to buy a coffee at Starbucks, should I open another channel?
If a company creates an smart contract for an ICO, should not every certain period of time liquidate the coins in the blockchain?

Anyway ... if millions of people only open and close one LN channel, it is already an overwhelmingly bigger burden than the current one.
TheFlynn49
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November 08, 2017, 08:51:45 PM

^good point, who's still signalling?

BTCC, AntPool Bixin BTC.top GBMiners BitClub still signal it.
Rosewater Foundation
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November 08, 2017, 08:53:33 PM

^good point, who's still signalling?

BTCC, AntPool Bixin BTC.top GBMiners BitClub still signal it.


ok so I guess the future market will just bleed down slowly as each one drops off.
Gab0
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November 08, 2017, 08:58:45 PM

https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

Their articles are usually on point but this one seems like fear mongering.

Quantum will kill all hash functions. the thing is we are still > 10 years from home quantum. Currently, it only works in the lab near absolute 0

edit: I a word

I just thought ... If quantum computing represents a potential problem, can it also be a possible solution to scaling problems?
Arriemoller
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November 08, 2017, 09:00:58 PM

It sounds like you must Enjoy having Blockstream's  dick shoved down your throat while your paying $100+ to move your coins off an exchange.

Tell your grandma to buy Bitcoin, it's a great investment. I'm sure she will love the part where she has to calculate a priority fee to pay based on the size of her transaction.

For everything else, there's Bitcoin Cash.

What sort of idiot is in bitcoin to spend them in b/s?
It's just you.

Yeah, because the thousands of people who have disconnected themselves from the banks and from FIAT don't exist.

Legacy Bitcoin has been taken over by corporate interests that want to prevent BTC from scaling, thus removing competition and ensuring their monopolies will continue uncontested. No one is going to want to pay $20, 30, 40, 50$+ fees to make a payment or just to move coins. Thus, Legacy Bitcoin has truly become a Banking Settlement Layer - with fees comparable to a bank wire, and confirmation times comparable to a bank wire. This is Bitcoin now. Enjoy it. It's what you wanted.

So use another coin then, why are you stuck on bitcoin. The Zimbabweans use both bitcoin and dash. One for savings and one for shopping. Works fine, and no banks involved.
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