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

[B1tUnl0ck3r]

So really all I know is that they intended to "scale" by increasing the blocksize. ... Has anything changed? Are they proposing realistic alternatives to lightning for scaling? Are there new developments that I should be aware of?

0 confirmation transactions. No, seriously - that's the amazing and innovative feature bcash has implemented to try to compete with lightning.

What, did they get some sort of commitment from a federation of miners/pools that when they receive conflicting transactions in their mempool they will mine the one they encountered first rather than the one with the larger fee? That could be done with like 2 lines of code. If it's more interesting than that than I will go do some research.

You mean disabling replace by fee?

Does that mean all I have to do to double spend is send the funds to myself seconds before I send them to the victim?

If the protocol is first transaction gets blockspace, the victim's transaction won't find its way into a block. Double spend will fail, but legitimate RBF transactions could be impossible.

There is no way to know when a transaction was issued. All a big miner can know is when he first saw it and he could share it with all of the other big miners. Then someone who is being paid could reach out to the big miners and ask if they have yet witnessed any conflicting transactions. If the answer is no and the receiver is aware of the miners policy of accepting the first transaction that they encounter in the event of conflicts, the receiver could then relatively reliably trust a 0 confirmation transaction. A degree of centralization in mining would help with this. I am imagining this is what jbreher meant by "bcash has 0 confirmation transactions". If it is than I'm not interested, if it's something else than I am.

have the pools ever banned transactions? will it become more common with segwti? think democrats who would want to ban assange from receiving btc... this type of behavior, and their tracks records and immunity make it realistic if it's technically possible....  thanks for your comment.

Isn't Bitcoin a wonderful way to learn patience and serenity?

After 4 years of bitcoin, I recently added some cold hard stock into the mix, to at least have some appearance of financial responsibility. All I can say is that it is even more boring than I feared. There is only traded going on a few hours a day and most of that doesn't overlap with my spare time, and weekends really test my patience since there is NOTHING AT ALL going on until Monday afternoon, or even Tuesday because NASDAQ computers take some Mondays off.

they need time fuck their sugar babies with the fiat printed... don't get fooled.

[1714465406]

1714465406

[infofront]

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.

Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much".

[infofront]

Coinbase Blocks Wikileaks Shop Without Notice

Another day, another shady, fucked up thing Coinbase is doing.

[explorer]

Doesn’t seem to be able to break over $9,000

looks like its going to happen

resistance is futile, 10k next week

If it goes upwards from 9500$ yes.

Profound, dude.

[explorer]

Still thinking this is complete nonsense but ...

https://bircoin.top/

We are 3% ahead of the prediction

The reason it's nonsense is because the amount of bitcoin holders who still hold hundreds and thousands of bitcoins vastly outweigh (in coins) the number of new users that could push the price to $1M by buying what little amount of bitcoin is on the exchanges. And the float is only getting thinner each year.

I mean, there were n00bs still able to buy whole bitcoins just last year. Who wouldn't sell them all at $1M in just 3 years? Who wouldn't dump a few, or ten, or a hundred at that price point? Many would.

Point is, because of the increasing selling impetus as the price climbs higher, I think it'll take a LOT longer for us to reach $1M/btc. Probably like 10-15 years. Extremely doubtful in just three years. Unless ETFs come on board and wanna just leverage up the price to the moon overnight, but they have to know this will spark some heavy selling.

I expect 1 million will come in a rush within the next few years.  It will also disappear as fast and as hard as every other major peak, with the Mayor on suicide watch as per usual.  Stability in 7 figures, if possible at all, is a long way out.

[KyleSpades]

Do you guys sincerely believe a single btc will be worth 1kk someday?

Due to it's deflationary and borderless nature, central banks will eventually be forced to hold BTC as a portion of their currency reserves.

This battle is already over, there is just a great deal of hand wringing and gnashing of teeth that has to happen before it becomes obvious,

That's actually very nice to hear. I do hope banks start making such moves soon. Whenever people hear about banks buying coins to hold, it's gonna be a bullish flood all over.

That post a few pages back showing the growing trend of btc ATMs installation is also a great sign.

[Toxic2040]

Due to it's deflationary and borderless nature, central banks will eventually be forced to hold BTC as a portion of their currency reserves.

This battle is already over, there is just a great deal of hand wringing and gnashing of teeth that has to happen before it becomes reality.

*edited for clarity*   
Love ya jojo..carry on.

Boring ice cream cone formation spotted on charts according to one daughter..  #dyor


Cant always be bullish say's the other daughter..   #dyor


Hmmm says I.



Happy #EarthDay

[explorer]

Every day is Earth Day, until we have somewhere else to ransack Pillage go.

[B1tUnl0ck3r]

this pic hurt our censor... it would make such a great btc meme ...

anyway...



I prefer to see a 1000 drop than this pic 

[Syke]

have the pools ever banned transactions?

Yes, pools started banning dice transactions, ie spam.

[oblox]

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.

Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much".

The argument was specifically as it related to the whitepaper, not what was said later on.

...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience.

[B1tUnl0ck3r]

have the pools ever banned transactions?

Yes, pools started banning dice transactions, ie spam.

nice!!! bitcoin should rally on this new!!! thank you for sharing... who decided what spam is? the pools... okay.

...then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain.

with some spv wallet you can connect to your own node, otherwise it's even less privacy

[El duderino_]

And my last Smerit saved for This saturday evening go’s to you....

Goossens is out of sMerits ? This simply will not stand.

THX for thinking that way BUT most of all .........



YOU just qouted it like a sentence in the big lebowski and that tattoo'd all on my underarm under the BTC roller
just funny 

do realize the lebowski ain't finisht yet still work on that one     normal the "this will not stand man " gonna get a space as wel
LOL

[El duderino_]

But a micgoossens whitout BTC would be more worse 
However coming saturday iT wil not be the last Smerit story for sure iT wil be a drunk one, but boblawblaw took
Care for the coming time of sharing Smerit ✌🏻

[Toxic2040]

And my last Smerit saved for This saturday evening go’s to you....

Goossens is out of sMerits ? This simply will not stand.

THX for thinking that way BUT most of all .........


YOU just qouted it like a sentence in the big lebowski and that tattoo'd all on my underarm under the BTC roller
just funny  

do realize the lebowski ain't finisht yet still work on that one     normal the "this will not stand man " gonna get a space as wel
LOL

+10 WOsMerits   

the Goose wins the thread.  /imout   

[jojo69]

it really tied the room together

[El duderino_]

it really tied the room together

it shurely did .... love that movie just such a classic , if BTC would exist @that time .... the dude would mentioned it 

[El duderino_]

QUICK list 12288 is finisht GOOD LUCK   WO's

16/04/2018 serveria.com
27/04/2018 BinaryReign
28/04/2018 Toxic2040
29/04/2018 BobLawblaw
30/04/2018 RayX12
05/05/2018 kaicrypzen
07/05/2018 InvoKing
08/05/2018 ChinkyEyes
13/05/2018 mfort312
15/05/2018 Paashaas
16/05/2018 player99
17/05/2018 bikerleszno
19/05/2018 Bitcoinaire
20/05/2018 willope
21/05/2018 rafanadal
22/05/2018 strawbs
24/05/2018 yonton
25/05/2018 JimboToronto
26/05/2018 Colonel Panic
29/05/2018 ivomm
30/05/2018 Lontonbit
31/05/2018 BTCMILLIONAIRE
01/06/2018 RoomBot
02/06/2018 rjclarke2000
03/06/2018 oblox
04/06/2018 wachtwoord
05/06/2018 Wekkel
08/06/2018 hisslyness
09/06/2018 LodisMcguire
11/06/2018 Raja_MBZ
12/06/2018 bitcoinPsycho
13/06/2018 erre
14/06/2018 vroom
15/06/2018 d_eddie
16/06/2018 coralreefer
18/06/2018 Robin,Hood
20/06/2018 rolling
22/06/2018 Biodom
23/06/2018 Dunkelheit667
25/06/2018 bones261
26/06/2018 Arriemoller
28/06/2018 klaaas
30/06/2018 DarkStar_
01/07/2018 o_e_l_e_o
02/07/2018 jojo69
03/07/2018 Karatma1
04/07/2018 Elwar
13/07/2018 sirazimuth
14/07/2018 Ludwig Von
21/07/2018 Lauda
22/07/2018 LFC_Bitcoin
26/07/2018 Icygreen
02/08/2018 fragout
03/08/2018 supremnoob
06/08/2018 cAPSLOCK
08/08/2018 infofront
10/08/2018 HairyMaclairy
15/08/2018 Phil_S
16/08/2018 Rosewater Foundation
17/08/2018 B1tUnl0ck3r
19/08/2018 Imbatman
21/08/2018 BitcoinBunny
27/08/2018 soullyG
28/08/2018 RealMachasm
29/08/2018 STT
04/09/2018 flynn
08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             

 
GOOD LUCK go BTC go !!!!

[infofront]

No. I don't EVER trust 0 confirmations. That's not how its supposed to work in Bitcorn.

Yet it did. Work, that is. Hmm.

Before I metaphorically rip you a new asshole, please show me the part in the Bitcoin white paper that tells us to trust 0 confirmation transactions.

...and the counter would be, show me in the original whitepaper where it says use LN or some other equivalent. Just because it specifically doesn't exist in the original text doesn't mean it can't in the future. 0conf acceptance is a choice and certainly reserved for those you deem "trustworthy" (friends/family) or for immaterial amounts. If you don't care to use them, don't. Having said all this, I think BCH is a joke.

Satoshi strongly implied the need for second layer solutions later on. Meanwhile, the entire fucking premise of bitcoin is based on "Don't trust, verify", but the backwards bcash 0-conf crowd is basically saying "Trust, and maybe verify. But verification isn't really needed, since we trust Jihan Wu, Roger Ver, and Craig Wright so much".

The argument was specifically as it related to the whitepaper, not what was said later on.

...further if the entire premise of Bitcoin is based on not trusting and verifying for yourself, then SPV wallets should not exist and everyone should be independently verifying transactions with their own full blockchain. Yet low and behold, plenty use SPV wallets for convenience.

If you're going to look to the whitepaper as the Word of God, then you can't ignore the New Testament. And I don't give a fuck who's using SPV wallets.

[Rosewater Foundation]

Someone give this man a sMerit.^