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Question: Is the bottom in yet?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20876559 times)
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thisisntbic
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November 08, 2017, 09:26:31 PM

http://bitcoinsavingsplan.com/

This?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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explorer
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November 08, 2017, 09:30:53 PM

There was a link someone posted recently that was a cashing out bitcoin plan generator.

You entered your total, how much you wanted to end with, hoe much you wanted to sell etc and it gave you a target.

Anyone have a link?


Another one to play with.

http://xzist.org/amazing-bitcoin-retirement-fund-calculator/
jojo69
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no FOMO


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November 08, 2017, 09:57:40 PM

We now return you to your regularly scheduled bull market banter.
Rosewater Foundation
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November 08, 2017, 10:00:09 PM

This kid is like 5 years from a total nervous breakdown..
https://twitter.com/VitalikButerin/status/928172344631115776
Remind me!

d_eddie
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November 08, 2017, 10:01:25 PM

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?
Actually the situation is more akin to a debit card. The max amount (channel money capacity) is low. And each topping of the card must be done with on-chain transactions. At least, this is what I found the only time I read LN's tech spec. It was a while ago, and things might have changed already.

I'm pretty sure that production updates to the LN protocol will solve all these issues: channel (money) capacity is a simple constant in the source code, being kept low on purpose in the experimental phase for security's sake. Refilling (topping) a depleted channel would be trickier, and I haven't yet figured out how it could be done.

If anyone has pointers, I'd be glad to read up.
marcus_of_augustus
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November 08, 2017, 10:07:37 PM

We now return you to your regularly scheduled bull market banter.

yeah! ... just as soon as chopstick and gabo take their FUDtoyz and go and play in the FUDtoyz sandpit ... over there https://www.reddit.com/r/btc/ here https://forum.bitcoin.com/ and bizarro-world WO https://bitco.in/forum/threads/wall-observer.27/

it's kind of lucky (too weird coincidence?) that ticker BCH also works for BitcoinChina BCHina
d_eddie
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November 08, 2017, 10:17:32 PM


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?

No such need, as long as you share a channel with a node (that has a channel shared with a node (that has...  ...)))) with Starbucks.  Same for Amazon. It's a mesh network. The general opinion is that there will be enough channels open to reach any relevant agent.
Coinnosaurus
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November 08, 2017, 10:25:12 PM

We now return you to your regularly scheduled bull market banter. in 2016 when the block size problem seemed to have a solution ..

FTFY

Now what's next? The hype is over and no hard fork
marcus_of_augustus
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November 08, 2017, 10:27:54 PM



or fork either ...
afbitcoins
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November 08, 2017, 10:27:59 PM

[edited out]


I surmise that your rambling diatribe could be condensed to the following argument. Bitcoin cash doesn't count because 'nutjobs' made it.  There was no contention with segwit because bitcoin cash doesn' count. Of course you are entitled to your opinion. I don't really agree with it.

Actually, whatever I said speaks for itself, and your inability or deliberate failure to understand what I wrote is reflected in your inaccurate summary of it.


If you want to know what a hard fork without contention is look at Dash which has had several hard forks during its development but not yet resulted in a rival blockchain being spawned during it.


Oh yeah, let's look at Dash or some other blockchain to answer BIG questions about bitcoin..  Roll Eyes  Do you even understand the absurdity of your own suggestion?  There are certain dynamics in bitcoin that causes the direction forwards to be different from other alts including and probably not limited to: the size of its market cap, its actual decentralized nature, its many networking effects, and the visciousness of attacks upon it.


By the way categorizing me as a stupid ass big blocker isn't strictly accurate. I am concerned with high fees and such like resulting from small blocks however I  am still well invested in bitcoin (the 1M block variety) and haven't ruled out its success going down the settlement layer path.

Who fucking cares if you own a few bitcoins here or there or if you are hedged in various directions that includes holding some bitcoins?  your ongoing nutty and seemingly emotional FUD spreading speaks for itself.. o..k.. sure, maybe you are one of those nut jobs who actually believes the shit that he is spreading, but that does not make what you say any better, especially since it appears quite apparent that you are either lacking information or failing and refusing to adequately study various matters (facts and/or logic) before you spout them out.

Good grief! You still going. OK you say I misrepresented your rambling diatribe but conveniently edited it out of this comment. How then is one to judge without searching back pages in the forum to see it? Maybe we just take your word for it that it made sense and was coherent. My own comment left in and broken into small segments now has no context, also convenient. Its almost an admission you know what you wrote was a load of bollocks and that I correctly surmised it. However I prefer instead to just thank you for editing it out, it was bad enough the first time.

What else have you got? Bitcoin has certain dynamics that make it different. Oh really. Thanks for enlightening me, how silly of me to not know that.

I only mentioned my position in response to your accusations of my being a 'stupid ass big blocker' to illustrate your being wrong on that count. Who the fuck care? Probably noone. Who the fuck cares about the way in which you sell when the price is going up in 200 dollar blocks but might adjust the amount if the price reaches a new level. My guess, noone. Yet you manage to ramble on paragraphs at a time in painful irrelevant detail. Almost embarrassing really.

And all this because I called bitcoin, bitcoin segwit!

 

RealMachasm
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November 08, 2017, 10:29:41 PM

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

Because “ but my free coins....” best swap back to eth where one dodgy bit of code can result in my coins being locked away permanently.

And the SegWit2x futures are still trading. https://coincodex.com/crypto/segwit2x/
Who's buying these things?

Probably those people who still intend to fork to S2x. So much FUD around I wouldn’t be surprised if they do another 180 and it’s back on again!! 🤨
bitebits
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Bitcoin != exchange rate


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November 08, 2017, 10:30:28 PM


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?

No such need, as long as you share a channel with a node (that has a channel shared with a node (that has...  ...)))) with Starbucks.  Same for Amazon. It's a mesh network. The general opinion is that there will be enough channels open to reach any relevant agent.

Ah you mean like Bitcoin? But then without the peer to peer? Sounds great.
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November 08, 2017, 10:31:07 PM

This kid is like 5 years from a total nervous breakdown..
https://twitter.com/VitalikButerin/status/928172344631115776
Remind me!


Ether burned 500k eth, antidump strategy
Last of the V8s
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November 08, 2017, 10:32:48 PM



in this moment ... I am serene
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November 08, 2017, 10:36:18 PM


jojo69
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November 08, 2017, 10:45:52 PM



ALL ABOARD!

https://www.youtube.com/watch?v=XhgHrDbN4EU&index=1&list=PLF123EE52E1AC7A90
har23
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November 08, 2017, 10:52:53 PM

10 000 $ soon  Roll Eyes
Rosewater Foundation
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November 08, 2017, 10:57:30 PM


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?

No such need, as long as you share a channel with a node (that has a channel shared with a node (that has...  ...)))) with Starbucks.  Same for Amazon. It's a mesh network. The general opinion is that there will be enough channels open to reach any relevant agent.

Ah you mean like Bitcoin? But then without the peer to peer? Sounds great.

LN is a toy. Who gives a shit? Who gives a shit about buying gewgaws from bloody Amazon?
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November 08, 2017, 11:00:45 PM


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?

No such need, as long as you share a channel with a node (that has a channel shared with a node (that has...  ...)))) with Starbucks.  Same for Amazon. It's a mesh network. The general opinion is that there will be enough channels open to reach any relevant agent.

Ah you mean like Bitcoin? But then without the peer to peer? Sounds great.

LN is a toy. Who gives a shit? Who gives a shit about buying gewgaws from bloody Amazon?

https://www.statista.com/statistics/476196/number-of-active-amazon-customer-accounts-quarter/
Rosewater Foundation
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November 08, 2017, 11:03:01 PM

ok well... Tongue
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