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

[moneyForjam]

IMO price will soon test and breach 8460

[Toxic2040]

Can any of you gif wizards fix this so its post-able here? I keep still framing it...  :/  Some of my best TA is there.

https://media.giphy.com/media/83al5xPAol3GS5D45L/giphy.gif

 

[bitserve]

We could use the blockchain for fraud-proof voting. One digital token per voter, an address to send it to for each party, everything public.

Again, Theory vs. Reality.

Reality:

1. The corrupt establishment would never adopt it, because it limits how they can skew/cheat elections

2. Even if they did allow it, the voting blockchain you would get is not the voting blockchain you would want. It would be centralized, controlled, non-transparent, and have backdoors (i.e., corruptable by the establishment once again).

Ok, next valid use case of blockchain with ROI...

*crickets*

Public real estate register? Security events accounting? business accounting?

[TERA2]

A single vote by 350,000,000 people with 250 bytes of data per vote would use over 87.5GB on the blockchain. That's just in a really simple case but usually a ballot has like 50 things on it.

[Ibian]

We could use the blockchain for fraud-proof voting. One digital token per voter, an address to send it to for each party, everything public.

Again, Theory vs. Reality.

Reality:

1. The corrupt establishment would never adopt it, because it limits how they can skew/cheat elections

2. Even if they did allow it, the voting blockchain you would get is not the voting blockchain you would want. It would be centralized, controlled, non-transparent, and have backdoors (i.e., corruptable by the establishment once again).

Ok, next valid use case of blockchain with ROI...

*crickets*

Yeah, it would require a culture that is already functioning in an honest way to begin with. Spartas culture lasted 500 years, but it would not have worked in any other place in the world. It's the people that really matter, and the current lot is not worth much.

[moneyForjam]

Alts need to sell off in to bitcoin to get a full on bull run

I disagree

The action in the major alts is what makes me think it might be real this time.

LTC looking to break .018

ETH looking to break .07

I agree.

Eth pumping. I dont think well see sub 500 Eth for a very long time
This  indication should make everyone realize the  (BTC) retest of 6k failed , and trend in now BULLISH

[Ibian]

A single vote by 350,000,000 people with 250 bytes of data per vote would use over 87.5GB on the blockchain.

So, a small harddrive per election? Worth it.

[TERA2]

A single vote by 350,000,000 people with 250 bytes of data per vote would use over 87.5GB on the blockchain.

So, a small harddrive per election? Worth it.

A small harddrive used up by every node on the blockchain. Would be hard to allocate these resources without the nodes becoming centralized.

[Torque]

Ok, next valid use case of blockchain with ROI...

*crickets*

Public real estate register? Security events accounting? business accounting?

ROI?  With real quantifiable numbers?

You're just throwing out pie-meet-sky stuff, with no ROI to back it up. Same as the conference speaking "blockchain disrupters" with no evidence to support.

[JayJuanGee]

.....
My hodlings demonstrate conclusively that I understand that this first and greatest decentralized money would -- and will continue to -- appreciate in value, due to its superior characteristics as money. I could have sold it all at $2, $13, $36, $266, $1080, or $20,000, and profited greatly at any of those stages. But I didn't.

Sure, it's not proof of a lot of understanding but it is certainly proof of some understanding. And easily dispatched.

Paashass is the kind of fuckin' coward that taunts others -- knowing he/she would be free of any retribution -- only when thinking the sentiment of the crowd is solidly behind him/her. As in dragging others down, is the only way he/she feels better about him/herself.

Quite frankly, I really don't see how I'm the one in the wrong here.

It's not really about you being in the wrong, but the fact that you so adamantly engaged in a campaign to attempt to undermine bitcoin... so therefore you lost a lot of credibility.. that you may not get back with some folks... and surely, there is some battle here that seems to not be done in the BCash continued attempted attacks on bitcoin, so there remain a number of folks who either don't trust you at all or are very uncomfortable in giving you any kind of benefit of the doubt... and part of that problem likely remains  that some innocent folks are getting fucked over by ongoing misleading aspects of bcash attempting to portray themselves as the real bitcoin (or plausibility of such)... and sometimes even smart people get tricked by that bullshit.

[HairyMaclairy]

A single vote by 350,000,000 people with 250 bytes of data per vote would use over 87.5GB on the blockchain. That's just in a really simple case but usually a ballot has like 50 things on it.

I believe in blockchain but I am strongly opposed to computerized voting in any form.   It is far too easy to corrupt the input with voting machines. 

[HairyMaclairy]

Jbreher

Let’s not kid ourselves here.  Bitcoin Cash is a money grab by Ver, Wu, Ayre, Peter R, Wright and the rest.

http://bitcoinist.com/bitcoin-billionaire-calvin-ayre-building-100m-bcash-resort-antigua/

By continuing to support Bitcoin Cash, you are continuing to openly support fraud.  You will not get any sympathy from us so long as you openly support fraudsters.  

[Rosewater Foundation]

Jbreher lost a lot of my respect when he tried to sell the idea that bCash was as decentralized as Bitcoin because the potential set of bCash miners was the same as the potential set of Bitcoin miners. He might as well have been selling undercoating, and he probably knew it

[TERA2]

What's even more pertinent than 100GB of harddrive space is 100GB of bandwidth which is a sizeable portion of (or over) the monthly bandwidth cap for most ISPs.

[JayJuanGee]

Anybody still holding Byteball? That's one of the few BTC airdrops I never dumped. It seems like it's been tanking the last 8 months though.

Fuck off this thread is for BTC

Yes I hold byteball. The tech is very interesting, but the distribution has been botched. I'm hodling for now though.

FYI he's the thread starter or the OP and the moderator here. So watch your word. Maybe deleted this reply later.

Oops

 

you fucked up afbitcoins... prepare yourself for punishment.

[Ibian]

What's even more pertinent than 100GB of harddrive space is 100GB of bandwidth which is a sizeable portion of (or over) the monthly bandwidth cap for most ISPs.

Only for portable internet. My home connection is a 100 mbps connection with unlimited use. For like 40 bucks a month.

[explorer]

A single vote by 350,000,000 people with 250 bytes of data per vote would use over 87.5GB on the blockchain. That's just in a really simple case but usually a ballot has like 50 things on it.

and usually 60-70% don't vote.  If voting could change things, it would be illegal. 

[TERA2]

It wasn't too long ago that comcast cable had a 250GB cap. Not sure if they still do.

Here's another thing. How do you distribute the private keys too all of these people and
A) Ensure the fairness and integrity of the vote
B) Protect the identity of the voters

[Arriemoller]

Global warming? Global warming!

Did you know that spiders don't breathe? They don't have lungs. Instead oxygen simply seeps into holes in their bodies. And as we all know, the atmosphere was denser in older times - denser atmosphere, more co2, more oxygen, bigger bugs. Also dinosaurs. There were dragonflies so big they could have eaten humans, if we had existed back then.

co2 is not a pollutant. On the contrary, it is plant food. Plants take in co2 from the atmosphere and excrete o2, oxygen, the thing we need to live. You may have heard of it. It is the very foundation of the entire food chain.

More co2 means more plants means more oxygen means more animals means more life. It is a Good Thing. In addition, warmer weather is better than colder weather. More people freeze to death than die from heat. So go on, burn some oil. Do your part to improve the world.

Only in small insects, the bigger ones must use a pumping motion to vent the air.

From swedish wikipedia (I know you can read this).

"Hos större insekter ventileras de yttre delarna av trakésystemet med hjälp av pumpande rörelser med kroppen, men i de inre delarna transporteras syrgasen också hos dem med diffusion."

https://sv.wikipedia.org/wiki/Traké

[JayJuanGee]

Can we please leave bcash alone for satoshi's sake? (no, I don't mean that fuckface Craig) Bcash is just a testnet to see bitcoin's potential weaknesses. Just like Litecoin is bitcoin's testnet before the huge protocol upgrades. If bcash kills bitcoin somehow, damn then It very well deserves the #1 spot. Let them attack with everything they got. DDOS'ing nodes, spreading FUD&Lies whatever. Everybody with a half functioning brain can see what's happening.

Let's focus on Bitcoin's price. Where are we going at now? Moon? $100k? Give me some good news!

There is nothing wrong with focusing on negging bcash as bitcoin attack vector, and sure in the end, the market is going to decide how much value to give to bcash versus bitcoin, and the pain might drag out for a year or two, or the pain might drag out for 20 years or more... I would rather see bcash die more quickly... and even to help it along from time to time, but hey.. whatever, the market is going to decide.. even if it may take more than 20 years.