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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (2.3%)
7/28 - 6 (14%)
8/4 - 7 (16.3%)
8/11 - 4 (9.3%)
8/18 - 1 (2.3%)
8/25 - 1 (2.3%)
After August - 23 (53.5%)
Total Voters: 43

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26417069 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
realr0ach
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January 23, 2018, 03:05:48 PM

Gotta love this guy's comment on LN:

Quote
wont central parties providing liquidity ( in return for a small fee) be able to solve this hopping problem , ie. say 1 million people open channel to A, and A opens channels to 1000 other

In other words....an exact replica of the banks that already exist? LOL.
OWZ1337
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January 23, 2018, 03:10:01 PM

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For those playing along at home, you'll no doubt note that (should my understanding be correct), BW consumption scales at O(n^2).
I'm sure it will improve when the routing invention breakthrough occurs.
Of course - the clueless developers! D'oh, what an unforgivable oversight! The system they implemented is doomed. They chose the SAN (Spam All Network) algorithm for both route discovery and node state update. They slept during their networking lessons, or was it calculus? So they failed to notice that bandwidth grows quadratically with the number of nodes. This way, it's almost as bad as if one increased the block size. But who would ever think of that?
Hyperbole duly noted. Be that as it may, do you have any evidence that suggests that my understanding is incorrect?

Honestly, I don't know which solution has eventually been adopted in this first version of the LN, but already in 2016 the proposed method was significantly better than the naive SAN technique you hint at.

https://steemit.com/bitcoin/@emabfuri/bitfury-bitcoin-routing-lightning-network-solution

Here's a relevant excerpt.
Quote
Using a fog of war like design, the collected information by the routing algorithm “includes channels within a low hop-distance and paths to randomly selected nodes further away… As a result, a node will have a well-illuminated map of its local neighborhood within the network, with random patches of visibility further away enabled by the selection of beacon nodes.”

So, it's not an initially low TTL that gets conservatively increased as I had wildly imagined, but not so far off either: closer nodes are exhaustively enumerated, while a small set of distant nodes is selected pseudorandomly.

There is a more detailed pdf paper floating around. If you study it, a summary will be well received. I don't have the time or energy right now. If I get either or both, I'd rather actually test how LN works for me, with my own node.

http://bitfury.com/content/5-white-papers-research/whitepaper_flare_an_approach_to_routing_in_lightning_network_7_7_2016.pdf

Inb4 Fyookball - not to mean you would stoop that low, but just in case ;-)
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
It's mostly BS with truth mixed in  - the most dangerous form of BS.


conclusion = bigger blocks are life!!  Roll Eyes  where did you find this guy? lol  Grin Cheesy Kiss
LFC_Bitcoin
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January 23, 2018, 03:11:14 PM

One of those is a lie

I'm only paranoid because everyone is trying to steal my cocaine.



Oh I hit that shit at least once a week these days, last time was 5g between me & my gf on Sunday Grin

I’ve dumped loads of free BCH for coke over the last few months Cheesy
Torque
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January 23, 2018, 03:17:50 PM

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.
OWZ1337
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January 23, 2018, 03:21:10 PM

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.

Australian authorities don't buy his story , does anyone ?
lol Vitalik was so funny when he smacked down Gavin when that fool was saying Wright was satoshi!! Wink haha ===>

https://www.youtube.com/watch?v=2qLI3VIHuKU
serveria.com
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Privacy Servers. Since 2009.


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January 23, 2018, 03:29:03 PM

Some teeny tiny movement up or?
mindrust
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January 23, 2018, 03:43:20 PM
Last edit: January 23, 2018, 03:59:37 PM by mindrust

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.

Even Roger doesn't confirm his identity as satoshi if you ask Roger directly. He just changes the subject and starts to talk about a completely irrelevant topic.

They are running a major worldwide scam and everybody knows it, yet some scum people support them anyway.
suspiciously square
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January 23, 2018, 03:50:21 PM

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.

Even Roger doesn't confirm his identity as satoshi if you ask Roger directly. He just changes the subject and starts to talk about a completely irrelevant topic.

They are running a major worlwide scam and everybody knows it, yet some scum people support them anyway.

Nobody buys his story. All he had to do was sign a message and make it public, yet he refused.
OWZ1337
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January 23, 2018, 03:54:40 PM

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.

Even Roger doesn't confirm his identity as satoshi if you ask Roger directly. He just changes the subject and starts to talk about a completely irrelevant topic.

They are running a major worlwide scam and everybody knows it, yet some scum people support them anyway.

bitcointalk needs to lock/ban the bitcoincash thread ~ it only serves to confuse people. The test is over; that is not bitcoin let's gather signatures to lock the BCH thread Wink thank you for you support!
pops87
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January 23, 2018, 04:20:27 PM

If there was ever any doubt that CSW is Fake Satoshi, a con man, and a liar:

https://twitter.com/ProfFaustus/status/955425740820008960

Just look at the way he responds in discourse. The real Satoshi never ever responded to people in this manner, with snide derision and trying to one up people. NEVER. That guy is a total fraud.
I would but I'm blocked  Grin
d_eddie
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January 23, 2018, 04:27:41 PM

11k broken. First sign of life or a passing illusion?
Lopumbo
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January 23, 2018, 04:31:30 PM

11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that
Enjel
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January 23, 2018, 04:34:15 PM

11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that

Tether isn't a problem. All dollar bills printed have nothing backing them. There doesn't exist a single bank that could pay fiat to their customers if they all demanded it at once.

The lack of reserves is hardly a concern, since prices are dropping due to wall street manipulators trying to make their shorts work as best as they can.
Torque
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January 23, 2018, 04:34:27 PM

11k broken. First sign of life or a passing illusion?

I'm LOLing hard right now.

Yesterday Tone Vays told all his followers that 11k was 100% clear resistance and that he was bearish. They all probably shorted because of it and got rekt.

This is why TA doesn't work in Bitcoin.

Although truthfully, we need to pass 11.5k and then 12.5k with rising buy volume to break the downtrend. Otherwise likely more down.
CistaCista
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January 23, 2018, 04:34:41 PM

Ok I sold some. My sacrifice to the sharks. Price will go up now. I have excellent record for selling the bottom.
Thanks for the 12% rise!
Lopumbo
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January 23, 2018, 04:35:26 PM

yep, when it goes up...it's natural...when it goes down its manipulation and FUD
d_eddie
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January 23, 2018, 04:38:30 PM

Ok I sold some. My sacrifice to the sharks. Price will go up now. I have excellent record for selling the bottom.
Thanks for the 12% rise!
We do appreciate your help, ztay. But politeness apart, next time just hodl, will you?
RealMachasm
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January 23, 2018, 04:39:09 PM

Just going through all the shitfork coins to see if I can increase my BTC stash.
Looks like the majority of them can't be exchanged on any exchanges due to various reasons (non functioning wallets etc).
Does anyone have a list of which coins are actively trading and can be deposited at which exchange?
Would be much appreciated.
mindrust
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January 23, 2018, 04:40:43 PM

11k broken. First sign of life or a passing illusion?

BTC dips (again) below 10k$...10min later...100M$ Tether printed...price rices unnaturally by ~10% within minutes...can't explain that

Tether isn't a problem. All dollar bills printed have nothing backing them. There doesn't exist a single bank that could pay fiat to their customers if they all demanded it at once.

The lack of reserves is hardly a concern, since prices are dropping due to wall street manipulators trying to make their shorts work as best as they can.


^ What he said.

If wallstreet banksters can print as many FIAT as they needed, why can't bitfinex do the same to counter them?  Grin

If they print money to keep the btc price low, then we print tether and buy more bitcoins. Get rekt.
Elwar
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January 23, 2018, 04:41:20 PM

The bitcoin price !!11!
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