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

[lightfoot]

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

Interesting. I can see pool operators not wanting to upgrade, they get fees. However exchanges should have updated now to provide lowest cost transactions. Hm.

154000 transactions unconfirmed, this is still a problem....

[bitserve]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

The big generators are mainly exchanges. Exchanges profit on trades. They are making a killing with current situation, with all this pump and dumps, trades between coins, fast frequency trades, etc.... compare that with a situation in which Bitcoin was just working perfectly and people was just buying and hodling it. No contest.

At the same time, I hope they know that if Bitcoin fails it will be the doom for all crypto, so they are doing just the minimum necessary to avoid that, ie: slowly upgrading to segwit, etc...

Segwit itself was never going to fix network congestion but just an intermediary step to the real life changing evolution: LN.

[Maicol792]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

The big generators are mainly exchanges. Exchanges profit on trades. They are making a killing with current situation, with all this pump and dumps, trades between coins, fast frequency trades, etc.... compare that with a situation in which Bitcoin was just working perfectly and people was just buying and hodling it. No contest.

At the same time, I hope they know that if Bitcoin fails it will be the doom for all crypto, so they are doing just the minimum necessary to avoid that, ie: slowly upgrading to segwit, etc...

Segwit itself was never going to fix network congestion but just an intermediary step to the real life changing evolution: LN.

This description is the reality ... LN is the future and i think in june 18 ... btc reach 40k usd

[mOgliE]

Were all traders here though.

I'm not sure you can even consider this market "trading", more like attempting to analyze which way the scam is going:

Yup. You've got an everage fluctuation of btc around the double digit. And that's just the bitcoin, most alts can get a +/- 30% in a matter of hours.
Anyone saying they trade on a market like that is just fooling themselves.
Which doesn't mean they can't make profit of course, but just that they aren't really in control.

[OWZ1337]

By then Bitcoin had better have segwit running properly.

My question, how will people monetize the LN?

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

LN goes away from satoshis vision and you know it +++ Poon the LN dev is a bumbling idiot :-D lmfao

[fluidjax]

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

Interesting. I can see pool operators not wanting to upgrade, they get fees. However exchanges should have updated now to provide lowest cost transactions. Hm.

154000 transactions unconfirmed, this is still a problem....

Coinbase, Bitpay are the biggest generators of transactions and both have given weak reasons why they haven't upgraded. Perhaps the failure 2X has weighed on that decision - sour grapes.

The numbers of unconfirmed transactions is only a problem if you want to do small transactions. A task that will be performed by the LN network in the future, patience is needed, really what is the pressing rush to buy your coffee with Bitcoin, it can wait a few more years/months to ensure we get it right.

[Biro Bob]

Bitpay's new BIP70 payment form sucks. Doesn't work on my mobile wallets.

I'm old school. Gimme a Bitcoin address and let me magic up my own mining fee calculation based on the position of the stars and my overall mood at the time of payment!

[j753k]

XLM #1, XRP #2  

Screen shot it

[OWZ1337]

Bitpay's new BIP70 payment form sucks. Doesn't work on my mobile wallets.

I'm old school. Gimme a Bitcoin address and let me magic up my own mining fee calculation based on the position of the stars and my overall mood at the time of payment!

bitpay fucked themselves and i can't understand the stupidity behind accept that perhaps the new proprietary backdoored software was mandated by the pigs? :\ meh

[kosse]

What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

[flynn]

.. some nonsense snipped out...

No, nothing.

[hv_]

Segwit is running properly, its just a number of the big generators of TX's refuse to upgrade. - why?
LN has monetization built in, you can collect a small fee for relaying, it effectively allows you to put your BTC to work.

Interesting. I can see pool operators not wanting to upgrade, they get fees. However exchanges should have updated now to provide lowest cost transactions. Hm.

154000 transactions unconfirmed, this is still a problem....

Coinbase, Bitpay are the biggest generators of transactions and both have given weak reasons why they haven't upgraded. Perhaps the failure 2X has weighed on that decision - sour grapes.

The numbers of unconfirmed transactions is only a problem if you want to do small transactions. A task that will be performed by the LN network in the future, patience is needed, really what is the pressing rush to buy your coffee with Bitcoin, it can wait a few more years/months to ensure we get it right.

The internet will give just: no time

Sorry myspace

[alexeft]

What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

More modern cryptocurrencies? Some are not even cryptocurrencies (like ripple)! Some others don't even work, yet they have a price that goes up and down (like Uno)!!!!! Get real!

As for modernity, you can try the bitcoin lightning network here!!! https://htlc.me/
Of course, it's on testnet.

[Biro Bob]

What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

More modern cryptocurrencies? Some are not even cryptocurrencies (like ripple)! Some others don't even work, yet they have a price that goes up and down (like Uno)!!!!! Get real!

As for modernity, you can try the bitcoin lightning network here!!! https://htlc.me/
Of course, it's on testnet.

The Lightning Addresses seem kinda long. Please send me 20 cents. 

lntb13370n1pdyuj2qpp504kf7ht2q70mu9c7w5y2yz3sh540rzet0mmqmpjyzrh2wl274p3sdz80v3 xjg36yg6rzefexf3n2v3dxsmkgvpdx3jrswfd8psnwvpdx93njcesxs6rjdp5xs6zylgcqzys6yyxjg dx5pp54pdam2duxvyvta63mh675lspjav0500ds5a6htyydd46y8tjqy4unkwtj52w2pmt2fwhqn4xw mu33jcqq55uxcfc35cqmjvg6k

[fabiorem]

What we are witnessing right now are the last weeks of bitcoin being the dominant cryptocurrency. Ripple and Ethereum are both going to fly past it in the near term. I think that the total collapse might be just a few days away before the masses understand that there are no longer gains to be made in bitcoin and start evacuating their assets to these two more modern cryptocurrencies.

A newbie being a newbie.

[sirazimuth]

a very bold prediction for a noob in a place like this

A newbie being a newbie.

oh yeah, but a very brave newbie no less...

[kosse]

Aww. Look at the newbie. How cute.

* BobLawblaw pats the newbie on the head. Scratches behind ears.

I know I am and thanks for the scratch  .

 Bought my first bitcoins in the summer of 2014 and still hodling them. Of course this is years later than real early adopters. But I still think 2018 will be remembered as the year bitcoin was replaced. I just don't see the services adopting segwit that could maybe still save the day (along with LN).

[LFC_Bitcoin]

words

Aww. Look at the newbie. How cute.

* BobLawblaw pats the newbie on the head. Scratches behind ears.

And then kicks him out of the gentlemen's smoking room.

[Lauda]

But I still think 2018 will be remembered as the year bitcoin was replaced. I just don't see the services adopting segwit that could maybe still save the day (along with LN).

If you think that, you truly are an ignorant idiot. If you can't comprehend why "Bitcoin is being banned by X or Y" while they spam promote ETH and Ripple (et al.), then you will be playing right in their hands. That which they can not control, is that which they will actively fight. Be wary of *coins* (Ripple is not even a cryptocurrency) which the government or banks are not trying to fight against.
Simple example: https://www.express.co.uk/finance/city/899902/Bitcoin-price-LIVE-Coin-slammed-biggest-ponzi-scheme-in-history-as-price-falls.

[kosse]

Dare I ask "By what and why ?"

By Ripple and Ethereum like I already wrote in my first post. Unwashed masses don't really care for the finer qualities of bitcoin such as being decentralized. They see more potential gains in the aforementioned cheaper alternatives. Now the rates of these coins are driven by the crazy stampede of these less informed "investors" and bitcoin is just not seen as a good investment (already high unit price - the train has gone, huge fees, slow operation, no smart contracts etc etc). For these people the low unit price of Ripple alone is enough to keep pumping it until it's bigger than BTC. It does not help either that bitcoin is continuously hit with the flak from it's opponents in governements, banking world etc. The alternatives are growing next to it with almost zero opposition.