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

[vroom]

Lightning node how to:  https://medium.com/@dougvk/run-your-own-mainnet-lightning-node-2d2eab628a8b

(snip)

no cloud needed. cloud is not even mentioned in this tutorial. install docker on your linux system and run the commands from the tutorial.

Hello vroom, I'd like some help.

After some thought, I'd like to try installing lightningd along my already running bitcoind. Which means, I would like to avoid building one more copy/instance of bitcoind inside the Docker container. This probably means no private network between bitcoind and lightningd, but plain old loopback or similar.

Do you think it can be done? Any caveats, gotchas, likely pitfalls etc?

try to install lightningd as docker container and let it talk to your already existing bitcoind instance. A docker container should be able to connect to bitcoind running anywhere else.

edit: after reading some docs I found this command line options to provide the correct bitcoind address:

Code:

lnd --bitcoin.active --bitcoin.testnet --debuglevel=debug --bitcoin.rpcuser=kek --bitcoin.rpcpass=kek --externalip=X.X.X.X

[Rsiyz]

I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  

its big bank "babe"  https://en.wikipedia.org/wiki/Nordea

but important is what neocons like necron and macrela  say on Gay 20 "semmit"

[mindrust]

I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  

its big bank "babe"  https://en.wikipedia.org/wiki/Nordea

but important is what neocons like necron and macrela  say on Gay 20 "semmit"

I've read that both Germany&France is discussing to ban bitcoin. Can't remember where i've read it. It was a reader comment probably he was FUD'ing still i can't help but think what if he was right? Germany is a real ass when it comes to taxing shit and "regulating" our fun. French are good guys usually but their buddy Germany is an asshole.

[OWZ1337]

I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  

its big bank "babe"  https://en.wikipedia.org/wiki/Nordea

but important is what neocons like necron and macrela  say on Gay 20 "semmit"

I've read that both Germany&France is discussing to ban bitcoin. Can't remember where i've read it. It was a reader comment probably he was FUD'ing still i can't help but think what if he was right? Germany is a real ass when it comes to taxing shit and "regulating" our fun. French are good guys usually but their buddy Germany is an asshole.

France bans anything American i'm not surprised ..Germany on the other hand umm thats a stretch they just want tax regulations imo :-D

[jojo69]

Along these lines, I'm looking to build myself a "proper" server to run Bitcoind and LND. Ideally RAID 10 for the boot volume, and RAID 10 for the blockchain/LND volume.

Figure software RAID under Ubuntu is good enough (?)

Can anyone recommend a decent i7 or Xeon based system, smallest form-factor possible, capable of housing at least 4 x 3.5" drives ?

Amazon and NewEgg are kinda a crapshoot... Maybe I should post this in another thread...

mosey on over to the [H] pardner, best hardware reviews on the net

as far as software RAID, I've always had bad luck with it personally...more stuff to go wrong

[Arriemoller]

I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  

Actually, it's a Swedish company, with branches all over the world, hence the big number of employees.

EDIT: they moved the HQ to Finland last year after a quarrel with Swedish authorities, so I guess they are now a Finnish company.

[babanana]

All the news bout bitcoin being banned is what bitcoin is all about. Its not to be controlled by any entity. Its decentralized by nature, any one can participate. Yes there is risk and that is for the participant to take.
There is fear above all other worries on institutions bitcoin being the better alternative of them. Their usefulness is being tested, banks especially. Hence, trying to kill it by preventing those they can control from participating.

Threat of livelihood is on the line. That's how low they will go to suppress BTC's growth.

Nothing surprising.

[Arriemoller]

Børsen tells its website that Nordea will ban 31,000 of its employees with trading bitcoin.
According to Børsen, Nordea denies its employees to trade with bitcoin. According to the Danish newspaper, Nordea has announced this by an internal announcement on Monday.

Nordea's communications have been strengthened with Bloomberg's news agency. Afroditi Kellberg of Nordea says that the ban will come into effect on 28 February. After that, Nordea employees can not trade with bitcoin or other cryptographic currencies.

In December, Nordea Group CEO Casper von Koskull expressed his views on the bitstream of bitstream. He regards his unregulatedness as absurd.

- Considering that the financial system uses billions of financial regulation, I mean that it's actually a joke that we're going to give something like Bitcoin's, the CEO said to the Bloomberg news agency at that time.

During the weekend, Norwegian E24 reports that Nordea in Norway has banned thousands of employees from trading with bitcoin.

The article is behind a paywall, could you post it in the original language here if it isn't too long please?
"Kun tilgængelig for Premium-kunder"

[Elwar]

I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  

Actually, it's a Swedish company, with branches all over the world, hence the big number of employees.

This makes more sense.

I don't believe there are more than 31,000 people living in Norway. Maybe Santa and his elves make up a lot of the population but still.

[Last of the V8s]

In Soviet America, Bitcoin bans you.

[Arriemoller]

I think the real news there is that a Norwegian company has 31,000 employees? Who knew.  

Actually, it's a Swedish company, with branches all over the world, hence the big number of employees.

This makes more sense.

I don't believe there are more than 31,000 people living in Norway. Maybe Santa and his elves make up a lot of the population but still.

No, Santa lives in Rovaniemi in Finland. http://www.visitrovaniemi.fi

I have actually been there myself and can confirm this.

[d_eddie]

Do you think it can be done? Any caveats, gotchas, likely pitfalls etc?

Along these lines, I'm looking to build myself a "proper" server to run Bitcoind and LND. Ideally RAID 10 for the boot volume, and RAID 10 for the blockchain/LND volume.

Figure software RAID under Ubuntu is good enough (?)

I would suggest a dedicated NAS with zfs (FreeBSD). Mostly like RAID, only better.
A dedicated ethernet cable between server and NAS would provide adequate disk bandwidth. Or, likely, you could actually manage to run bitcoind and lightningd on the NAS itself. As for the form factor, there are dedicated cabinets that accommodate 1-12 disks, with little leftover space except for the motherboard.

[OWZ1337]

MUUHAHAHAHA   ===>

" I am going broke because bitcoin crashed... (moving back to my mom's house) "

https://www.youtube.com/watch?v=qjKOWqIxZho

 

weee

[mindrust]

MUUHAHAHAHA   ===>

" I am going broke because bitcoin crashed... (moving back to my mom's house) "

https://www.youtube.com/watch?v=qjKOWqIxZho

 

weee

This fuckface is a liar. He is making money by making you watch this bullshit.

If he was serious;

Question 1st: Why go all in retard?
Question 2nd: Why panic sell at $13k moron? Don't you know how to hodl?

But he isn't serious so those questions don't matter.

[Syke]

Figure software RAID under Ubuntu is good enough (?)

Yup, works great and is easy to recover from failures. You have to install the Server version if you want to set up the RAID config during install, then you can add the desktop GUI if you want after install.

Can anyone recommend a decent i7 or Xeon based system, smallest form-factor possible, capable of housing at least 4 x 3.5" drives ?

Chenbro makes a nice case (4x hot-swap bays) if you don't mind installing your own CPU&motherboard.

https://www.newegg.com/Product/Product.aspx?Item=9SIA4R86ME2329&cm_re=chenbro-_-11-123-173-_-Product

[hodl_2015]

Figure software RAID under Ubuntu is good enough (?)

It's perfect, in fact it's even better than hardware raid because you can replace the computer with anything else, plug in the raid drives and it will just work, no need to hunt down an identical raid controller to have even a chance of accessing the data.

I ended up using Raid 10,f2 which stores odd and even chucks of a single file separately. If you are reading a single large file sequentially, this makes it possible to pull the odd chuncks from one drive and the even chuncks from the other at the same time, resulting in double read bandwidth. Normal raid 10 will only reach double bandwidth with two drives when you are reading two files in parallel or many small files (like a webserver).
(this is assuming your workload is reading one big file sequentially, like a file server with large files and few concurrent users. f2 doesn't help when randomly reading small parts of a file.)

[vroom]

Figure software RAID under Ubuntu is good enough (?)

software raid works but it requires some more knowledge and care.

Can anyone recommend a decent i7 or Xeon based system, smallest form-factor possible, capable of housing at least 4 x 3.5" drives ?

I like the HP ProLiant MicroServers. 4 drives and nice remote management.

[S4t0sh1n4]

Segwit, LN, Big Blocks, Satoshi vision, Blockstream, Core, and much more:

https://github.com/bitcoin-dot-org/bitcoin.org/pull/2010

From the moment the user visits the site, and even in the video, the entire site has always emphasised low fees. Obviously we don't expect some insanely low fee, but the current fees make it impossible for reasonable people to transact with each other. I don't know what's gone wrong, but I don't think the correct solution is to change the site to focus on the "uncensorable" aspect. We'd have to go deep into lots of pages where low fees and "fast" transactions are mentioned and do translations for everything. Fees were supposed to come down with Segwit anyway.

What even is an uncensorable transaction? Cash is uncensorable, but with cash, there are no fees. So someone reading that would still assume that fees are low or nonexistent. The only way to present the current and possible future state of the network (if nothing is done) accurately would be to somehow sell these fees as a "cost" for the uncensorable transactions. So we'd have to market high fees as a feature. This is a huge change to how Bitcoin has been marketed for much of its history, and it implies that we've misled millions of people about what Bitcoin actually is. In fact, it'll actively turn people off and they'll use something else. Heck, even the criminals and darknet market people, the ones that need the "uncensorable" aspect the most, would be turned off by that, they all use Monero anyway for anonymity and lower fees.

The entire brand of "Bitcoin" has always been about being able to spend it. It's in the name itself, a "coin", you use coins as money to pay for things. Nobody would use coins if they somehow had high fees. The correct solution isn't to change how we've marketed Bitcoin to millions of people, for example millions of people associate Coke as a sugar drink, this is their experience and how it's been for it's entire history, but if one day Coke started tasting salty, people would rightly freak out.

I think we just have to leave this for the network to resolve. Since we don't have any off chain solutions out there yet, it makes more sense the community build a consensus to change the network in such a way as to reduce the fees while these off chain solutions like Lightning are fully fleshed out and adopted over the next few years. Then once these off chain solutions start working, we can pivot the marketing to work with that in a way that is consistent with the history of how Bitcoin is marketed, because we'll still be able to promise "low processing fees" but through payment channels.

@seweso: I'm actually in favor of a block size increase. It doesn't look like Lightning will be ready for mass adoption by users and merchants anytime soon, and Segwit adoption seems to very slow, and by the time it's very widely used, fees will be high again.

You really think I want newbies getting a wallet, buying some bitcoin, and then being turned off with some insane fee and no off chain alternative? Lightning will eventually need larger blocks anyway. Very few people think the block size should be kept at the current size forever, but people just differ on when and how it should be increased. It can be done through a soft fork when needed (though unlike Segwit, it probably should be enforced and not opt-in).

@jlopp: The low fees/fast transactions stuff is all over the site and in the video too. Bitcoin is money, right there in the title of the site it says "Open Source P2P Money", and since 2009 it's always had basically a similar title. You shouldn't have to pay some crazy fee to spend your own money.

If for some reason the Bitcoin network became centralized, should we go back and remove the "P2P" part too? It's ridiculous to change Bitcoin marketing materials based on how the network currently is when the current state is a mistake and a total disaster. The concept of a fee market is economically broken, go read about the diamond market and the De Beers mining company if you genuinely believe that a fee market is the optimal solution to solve the scaling issue for good. The scaling issue can be solved for good by careful increase of block sizes, research into new PoW algorithms (and hybrid PoW) for which it's very easy to create ASIC's for to make it as easy as possible for new miners to enter the space, and obviously off chain solutions like Lightning.

Anyway, I'm mostly against this change. I got into Bitcoin to have uncensorable money, but to also be able to spend it when necessary without being ripped off in fees by Jihan and his cronies. We should just leave the text as it is, and hopefully through quicker/greater Segwit adoption the network will change to have low fees again and Lightning will also come around and make fees even lower and live up to how Bitcoin has been presented and marketed for years.

[bitserve]

Figure software RAID under Ubuntu is good enough (?)

software raid works but it requires some more knowledge and care.

Can anyone recommend a decent i7 or Xeon based system, smallest form-factor possible, capable of housing at least 4 x 3.5" drives ?

I like the HP ProLiant MicroServers. 4 drives and nice remote management.

+1 for the HP Microservers.

[OWZ1337]

https://www.youtube.com/watch?v=qjKOWqIxZho

I blame Trevon James for milking people-of-color for their fiatcoin losses.

https://twitter.com/BitcoinTre

That guy has really caused a lot of people to experience catastrophic, life-changing losses, due to pimping out BitConnect.

And he's still going

~ceo of bittconnect? ha