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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.9%)
7/28 - 9 (17.3%)
8/4 - 9 (17.3%)
8/11 - 5 (9.6%)
8/18 - 1 (1.9%)
8/25 - 2 (3.8%)
After August - 25 (48.1%)
Total Voters: 52

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26420637 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.)
jbreher
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lose: unfind ... loose: untight


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April 23, 2018, 09:21:58 PM

So why spend all this time on the topic of supposed value of zero confirmations,

Well, for my part, I am just continuing the conversation that ensued when BobLawblaw issued an edict* that zero conf 'was not the way Bitcoin is supposed to work' (* I guess BLB doesn't understand 'permissionless'). Why are _you_ spending all this time on the topic?

1) Your permissionless assertion seems to be a stupid concept.  You are now arguing that getting a confirmation is a form of seeking permission? 

Absolutely nothing of the sort. I was pointing out that Bob's declaration of 'how Bitcoin is supposed to work' is irrelevant in a permissionless technology. The 'way Bitcoin is supposed to work' is any manner that anyone might try and succeed in making it work. Due precisely to its permissionless nature.
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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April 23, 2018, 09:27:50 PM

God, why did I bring up the bcash 0-conf transactions a few days ago?

Because you are a drama king....  Cheesy Cheesy Cheesy


El duderino_
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BTC + Crossfit, living life.


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April 23, 2018, 09:28:40 PM

Would there be Many on the list besides jbreher if i would pay out in bcash....??  Roll Eyes  Huh

Haha. I'd guess you'd get a few takers. A win is a win, right?

However, I've not participated in any of your contests so far.

many didn't  participated what i don't understand.... just a freeroll why wouldn't one not participate??
cAPSLOCK
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Whimsical Pants


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April 23, 2018, 09:29:55 PM
Merited by d_eddie (2)

Removal of the 21M cap: soon!

Perhaps you'd be so kind as to provide even the slightest shred of evidence for your absurd assertion?

Perhaps you'd be so kind as to quit calling Bitcoin "Bitcoin Segwit"?
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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April 23, 2018, 09:31:46 PM
Last edit: April 23, 2018, 09:43:10 PM by JayJuanGee

Failure to provide evidence of your claim is duly noted.

You should already be aware of such a standard that there is no burden to provide evidence when rebutting off topic claims.. those can be summarily dismissed without any kind of evidence whatsoever, because providing evidence would be to sustain and perhaps pursue the off-topicness, which deserves to go to another thread.    Tongue Tongue Tongue

Don't you know nuttin, jbreher?  Roll Eyes Roll Eyes
realr0ach
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#TheGoyimKnow


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April 23, 2018, 09:35:23 PM
Last edit: April 23, 2018, 09:52:00 PM by realr0ach

The 'way Bitcoin is supposed to work' is any manner that anyone might try and succeed in making it work. Due precisely to its permissionless nature.

Almost every post in this thread is a lie nowadays.  The only way bitcoin could be "permissionless" or decentralized is if everyone processed their own transactions like email PoW.  The fact you are not processing your own transaction means...you are asking permission by default.  Technically you're trying to bribe someone to do it, but it's a bribe + asking them permission as well.  

Tokens are non-fungible with transaction validators designed to centralize, which is a permissioned ledger where your payments can be blocked for any arbitrary reason by the gatekeepers and their blacklists.  The only way to fix bitcoin decentralization would be unprofitable PoW, which is an unworkable solution.  Another method would be to somehow make block rewards erratic where bitcoin is essentially a lottery that doesn't return a dependable, fixed amount of income over time that people can build football stadiums full of miners around the reward model. 

That solution would probably be skirted around somehow through collusion like how people collude together to make pools and reduce variance already.
Last of the V8s
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Be a bank


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April 23, 2018, 09:44:37 PM




Torque
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April 23, 2018, 09:45:07 PM

The 'way Bitcoin is supposed to work' is any manner that anyone might try and succeed in making it work. Due precisely to its permissionless nature.

You're literally describing and making the case for Bitcoin development as it has been going since day 1.

Amazing that anyone here at all might take you for someone clever.
HairyMaclairy
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April 23, 2018, 09:59:24 PM

Lightning network capacity now $150k with 2,000+ nodes. 



NCSA Mosaic was launched 25 years ago today.  

Neo_Coin
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"Be Your Own Bank"


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April 23, 2018, 10:00:07 PM

Neo_Coin
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"Be Your Own Bank"


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April 23, 2018, 10:00:42 PM

Anon136
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April 23, 2018, 10:07:10 PM

Holy bananas. Is anyone else looking at this. https://coinmarketcap.com/charts/#dominance-percentage Bitcoin dominance at 37%. This is not good... Having random scam coins be more valuable than bitcoin does not bode well for the future of the sector. If that trend continues and becomes exacerbated enough I will probably have to start thinking about divesting. A crypto sector where most of its capitalization is represented by scam coins is one that is doomed to crash.

Sorry to rain on the party... It's not calculated or anything. I just happened to notice that little figure just now.
HairyMaclairy
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April 23, 2018, 10:11:00 PM
Merited by Anon136 (1)

Market cap of scam coins is illusory.

I posted earlier about how United Bitcoin had a daily volume of $450k on Quione with an order book depth of $560.  That’s not a typo - the total order book depth was less than $1k.
Torque
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April 23, 2018, 10:12:48 PM

Market cap of scam coins is illusory.

I posted earlier about how United Bitcoin had a daily volume of $450k on Quione with an order book depth of $560.  That’s not a typo - the total order book depth was less than $1k.

But a troll account from 2010 wouldn't know that, right?  Wink
Last of the V8s
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April 23, 2018, 10:19:11 PM
Last edit: April 23, 2018, 10:35:22 PM by Last of the V8s

Holy bananas. Is anyone else looking at this. https://coinmarketcap.com/charts/#dominance-percentage Bitcoin dominance at 37%. This is not good... Having random scam coins be more valuable than bitcoin does not bode well for the future of the sector. If that trend continues and becomes exacerbated enough I will probably have to start thinking about divesting. A crypto sector where most of its capitalization is represented by scam coins is one that is doomed to crash.

Sorry to rain on the party... It's not calculated or anything. I just happened to notice that little figure just now.

Look we predicted all this sort of crap for 2018 at the turn of the year. 'marketcap dominance' down to 20%; bcrash to 0.4; eth to $2k; xrp flippening.
All these scams are designed to get weak hands to divest.
Honey-badger won't care.
Syke
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April 23, 2018, 10:22:43 PM

Market cap of scam coins is illusory.

I posted earlier about how United Bitcoin had a daily volume of $450k on Quione with an order book depth of $560.  That’s not a typo - the total order book depth was less than $1k.

Good point. It would be interesting to see a dominance figure based on actual order book sizes.
Anon136
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April 23, 2018, 10:25:37 PM

Market cap of scam coins is illusory.

I posted earlier about how United Bitcoin had a daily volume of $450k on Quione with an order book depth of $560.  That’s not a typo - the total order book depth was less than $1k.
Thanks for the perspective. That number freaked me out when I saw it and perhaps I got a little emotional. You have a very good point. Another example would be something like ripple that claims a marketcap of 34billion but some massive % of the currency supply is locked up and held off market while coinmarketcap still multiplies the price times that locked up off market supply to arrive at the market capitalization.


But a troll account from 2010 wouldn't know that, right?  Wink
Shocked Do you really think I'm a troll?
jojo69
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diamond-handed zealot


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April 23, 2018, 10:30:43 PM

whoa JimboToronto you and yours safe indoors?
Rosewater?

Torque
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April 23, 2018, 10:36:39 PM

But a troll account from 2010 wouldn't know that, right?  Wink
Shocked Do you really think I'm a troll?

If you're not then why are you appearing to troll?

I presumed that you've had plenty of years to do research. We've been talking about the fallacy of the % dominance factor on CMC for a few years now.

It's become completely meaningless. Just add new shitcoins to the list, give 'em a bogus market cap, and Bitcoin's % dominance automatically decreases. The more shitcoins get added to the list, the more Bitcoin's % dominance falls.

Good point. It would be interesting to see a dominance figure based on actual order book sizes.

Because it would reveal the truth is precisely why you never will see that.
d_eddie
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April 23, 2018, 10:46:21 PM

"Beat me to it" quotes of the day (Torque was first). Here go my last merits.

Oh well, I think jbreher is worth talking to sometimes... JUST-DON'T-EVER-MENTION-BCASH-TO-HIM. *THAT*'s not worth it. Never forget that rule and everything will be fine.
That's his... uhm, religion. Apart from that handicap, discussions with jbreher are mostly fine.

Removal of the 21M cap: soon!
Perhaps you'd be so kind as to provide even the slightest shred of evidence for your absurd assertion?
Perhaps you'd be so kind as to quit calling Bitcoin "Bitcoin Segwit"?

Word. This also really helps gears grind here, so to say. It's like it's my own religion.

TLDR; jbreher, you're a much more varied read than other thread heretics. Don't hurt people's religious feelings with unkornly utterances, and I promise I won't feed the troll in you. Gonna try, with a little help from my frieh-eh-eh-eh eh-ehh.


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