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

[JayJuanGee]

So some of these FUD spreading nutjobs, like jbreher, who seem to want to continue to present the speculation of the fungibility issues as if it were a current attack on bitcoin, rather than speculation of the future seems premature, misleading and an attempt to spread FUD about speculation rather than actual and current things going on in bitcoin.

Your continued mischaracterization of my position -- especially in light of my repeated corrections -- is antisocial aggression. (haha! Don't I just sound like an SJW?)

I have continually stated that I am merely pointing out that a reduction in fungibility is endemic to the design of Segwit. I said nothing about a current attack.

Just. Fucking. Stop.

O.k. You goofey doofey.  Let's kiss and make up, and ten years down the road, if some kind of bitcoin fungibility issue comes up, then you can tell us that you were so, so, so correct all along.  Of course, rub our noses in your bliss and add "nah, nah, nah nah...  told you so!!!" 

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[JayJuanGee]

You are not going to answer anything because you have no answers.

(snip)

Prove me wrong. With numbers and facts. If any of you think you have the brain for it.

I guess he might be weary of re-ELI5-ing stuff that has been discussed ad nauseam. Especially to a fellow bitcoiner old enough (bitcoin wise, at least) to know better - and therefore supposedly able to read up stuff quickly without having to use Wikipedia as a glossary twice for every paragraph.

What is that?

Well, as I said, usually Wikipedia or Google do provide answers to non-rhetorical questions.
ELI5: https://www.urbandictionary.com/define.php?term=ELI5

If you are blowing me off then just call me a faggot and be done with it. Would be more classy anyway.

You are a faggot.

[Rosewater Foundation]

Haven’t been here for a while. I’ve popped back to read this thread and it’s very poor and full of the reasons I am not a regular anymore.

Bring back the old days when useful information was shared here.

I’ll pop back during the next bull run. Maybe you’ve all stopped bitch slapping each other by then.

Useful information isn't just shared. Someone has to share it.

When sensible posters run and hide it creates a vacuum for shit like this. This is part of the problem.

(Runs and hides)

[JayJuanGee]

Haven’t been here for a while. I’ve popped back to read this thread and it’s very poor and full of the reasons I am not a regular anymore.

Bring back the old days when useful information was shared here.

I’ll pop back during the next bull run. Maybe you’ve all stopped bitch slapping each other by then.

You must have a perverted view of  WO history.

There has always been bitch slapping here.  

For your comment, you deserve one of these:

[JayJuanGee]

Seems that segwit also accomplished a variety of ways to increase spam attack costs,

Explain them. Explain ONE of those ways.

I see a lot of talk, but next to no evidence.

O.k.  Leave then.  Find some less complicated and on block solving coins.. I hear bcash is good, 32mg can't go wrong with dat, right?  nuff space, right?

Nobody here seems to want to splain nuttin to you because the answers to your stupid-ass questions are common sense.  

Welcome to our new and improved bitcoin/segwit 101 (segwit added through normal consensus mechanisms in August 2017... lovely), which no needin splainin, especially by BTC price watchers like us.. we here to watch BTC walls and prices, no?

[sirazimuth]

When sensible posters run and hide it creates a vacuum for shit like this.

yeah, but it sure makes good entertainment for the lurkers...

[4rt3m]

BIS “bank of central banks” describes bitcoin as useless

With some extrapolation, BIS concluded that if bitcoin was used for all current retail transactions "the associated communication volumes could bring the Internet to a halt."

https://www.finder.com.au/bis-bank-of-central-banks-describes-bitcoin-as-useless

[jojo69]

Today on twitter I saw some EOS shill respond to one of Szabo's posts and call him a "fucktard".

https://twitter.com/NickSzabo4/status/1008974899690463232

jesus fucking christ

the fail is strong with this one

[Elwar]

Tried to install LN node on my server but I have to run a full node. My server only has 200 Gb.

Is there a preferred way among people without home servers?

[infofront]

Tried to install LN node on my server but I have to run a full node. My server only has 200 Gb.

Is there a preferred way among people without home servers?

Most people probably use a VPS. If you look around you can find one that's good enough for less than $9/mo.

[infofront]

Apparently the upside-down Bart pattern has a real name:

[vapourminer]

Tried to install LN node on my server but I have to run a full node. My server only has 200 Gb.

Is there a preferred way among people without home servers?

you cant run core in prune mode for LN?

[Vlada69]

nice bull trap...

[bitmover]

People read about fungibility in Wikipedia and about segwit on bcash blogs and take these crazy conclusions.

People to lazy to read books or good sources of information such as GitHub ... As a result, bad investments, such as bcash.

[mymenace]

https://twitter.com/BithumbOfficial/status/1009239883645243392

[Notice for the suspension of all deposit and withdrawal service]
We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet.

*All deposit and withdrawal service will be stopped to make sure the security. We will keep notice you of the restart of the service. We apologize for your inconvenience and thanks for your understanding.

timing is everything Kevin, twas no coincidence


more to come?


will there be a big one or multiple?

[jojo69]

fucks sake

[mymenace]

nice bull trap...

I look from ATH down, growing and growing and growing


mother of all bear traps


other than a cataclysmic event


crypto is going mainstream

[Dabs]

Any coin you'll buy from an exchange will probably have a segwit history.

Which of course would just result in a niche that needs filling by an entrepreneur to found an exchange that deals strictly in Segwit-free bitcoins. Market pressures always result in market solutions. Kinda econ 101, that.

There are no such exchanges, and I seriously doubt any future exchanges will exist that deals strictly in Segwit-free bitcoins.

There is NO difference between the "distinctive classes" you have enumerated. None. There may be a technical difference, there is no practical difference. It's like saying cracking 256 bit hashes or encryption has a chance. Yes, there is a miniscule technical chance. No, there is no chance for the normal person or government, or governments. The chance of winning the lottery is higher.

I have continually stated that I am merely pointing out that a reduction in fungibility is endemic to the design of Segwit. I said nothing about a current attack.

There is no attack. There won't be an attack. Not while we live (for the next 50 years). If coins have no difference other than what address they came from, then they are fungible for all practical purposes. If coins are mixed through many different ways (going through an exchange, Coin Joined with hundreds of others, coming out of some gambling site, bouncing from one address to another) there is no difference among all of them, they are all valued the same.

The worth of legacy coins is the same as the worth of segwit tainted coins. It's all bitcoins. You send them to an exchange they will pay you the same rate as any other sender.

The difference is, it's a little bit cheaper to send segwit coins. It costs the same to receive them.

[kingcolex]

These charts are carbon copy, expect a dip now and an even larger rise after that.

[TERA2]

Is the mini bullgasm over yet or still going?