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

[Last of the V8s]

@keonne
I would advise against using @LocalBitcoins for the time being. They are having infrastructure problems which break the escrow system. My BTC trade bypassed escrow and sent directly to the counterparty.
My counterparty was honest and returned my BTC, but yours might not be.
12:09 PM - 3 Jul 2018

hmm.

[1675891281]

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[1675891281]

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[1675891281]

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[1675891281]

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[realr0ach]

https://www.reddit.com/r/Bitcoin/comments/2wm3h7/eli5_why_is_amir_taaki_important_and_why_do_some/

thread contains lots of links to Taaki's early activities.

For all of you fools who I have not yet managed to holocaust from the thread that keep promoting anarchism as somehow a good thing, anarchism in the modern context is nothing more than a rebranded version of The Protocols of The Elders of Zion.  A foreign entity (aka international bankers aka the Jews), attempts to heap this misguided ideology onto a foreign power they wish to exploit, which results in this foreign power completely disarming itself against foreign invaders who wish to plunder or enslave them.

How anarchist movements actually work in reality to topple nations:

"6. Political freedom is an idea but not a fact. This idea one must know how to apply whenever it appears necessary with this bait of an idea to attract the masses of the people to one's party for the purpose of crushing another who is in authority. This task is rendered easier if the opponent has himself been infected with the idea of freedom, SO-CALLED LIBERALISM, and, for the sake of an idea, is willing to yield some of his power. It is precisely here that the triumph of our theory appears; the slackened reins of government are immediately, by the law of life, caught up and gathered together by a new hand, because the blind might of the nation cannot for one single day exist without guidance, and the new authority merely fits into the place of the old already weakened by liberalism."


"14. In any State in which there is a bad organization of authority, an impersonality of laws and of the rulers who have lost their personality amid the flood of rights ever multiplying out of liberalism, I find a new right - to attack by the right of the strong, and to scatter to the winds all existing forces of order and regulation, to reconstruct all institutions and to become the sovereign lord of those who have left to us the rights of their power by laying them down voluntarily in their liberalism."


Bitcoin itself is essentially ceding sovereign power over to a 'supposed' Nash equilibrium, yet if no Nash equilibrium in bitcoin exists (it doesn't), and transaction validators are designed to centralize, it's just another backdoor 'anarchy' scam where everyone is ceding power to whoever the transaction validators centralize under.

[xhomerx10]

https://www.youtube.com/watch?v=XORDEX-RrAI

feed from Breaking Bitcoin



loos therefrom

 I don't think I've ever smiled on seeing a picture of the loo before  That image takes the term shitcoin to a whole new level.
Anyone know if these Pooh-tickets are commercially available?

edit: excellent use of my last smerit

[El duderino_]

^
Fingers  are crossed we Will know iT friday 

[Anon136]

Segwit signatures are still on chain they are just in a different spot.  Segwit moves the signature out of the input script and stores it in another part of the transaction on chain.

Speculating about future hard forks that might compromise Bitcoin security is pointless because any hard fork could compromise security in any number of ways.  And be rejected.  That’s what full nodes are for.  

Where is the concern trolling over a fork where only segregated signatures are valid and all signatures included with the transaction details invalid? That is technically theoretically possible too you know. It couldn't go all the way back to inception obviously but the fork author could contrive a random deadline date. JUSTSAYIN

[Rosewater Foundation]

For all of you fools who I have not yet managed to holocaust from the thread

The last stand-outs are no longer shocked by random Nazisms. You really ought to consider pages and pages of naked old man. (I really shouldn't have to tell you how to do your job.)

[d_eddie]

@keonne
I would advise against using @LocalBitcoins for the time being. They are having infrastructure problems which break the escrow system. My BTC trade bypassed escrow and sent directly to the counterparty.
My counterparty was honest and returned my BTC, but yours might not be.
12:09 PM - 3 Jul 2018

hmm.

+1 WOsMerit
Very useful info indeed.
Thanks.

[Paashaas]

https://www.youtube.com/watch?v=XORDEX-RrAI

feed from Breaking Bitcoin.

Roger after he saw that Bcash toilet paper 

[vapourminer]

i spent coins early on whenever i had the chance just to support the ecosystem and support vendors who accepted btc. at todays prices i dont even want to think about the value of the coins i more or less blew just to support the ecosystem, but i dont regret it a bit. after all its we who are proving the value of btc. we need to prove it "just works." to me that btc was well spent.

Regarding your substantive point, cited above, I have pretty much maintained a system in which I replace any bitcoins that I spend, and even though I don't go out of my way to spend bitcoins, if I find an opportunity to spend them that does not seem to be too much of a burden, then will soon thereafter replace any spent bitcoins.  I was a lot more adamant and nervous to replace them right away in the early 2014 to the early-to-mid 2016 time period when I was engaging in a lot more BTC accumulation (largely establishing my BTC postion - at least up to late 2014 and a kind of maintenance of BTC holdings thereafter). 

These days a remain a lot less nervous about immediately replacing any BTC that I might spend, but I still attempt to reasonably plug the dollar amounts of any spent coins into my authorized buy back amounts.  So for example, let's say that I go out and I see a 5% discount on a $1,000 product, if I buy with bitcoins (only way to get the discount is with bitcoins).  I would be like "wow", that seems like a decent enough incentive for me to spend some bitcoins.  Therefore, I spend $1,000 in bitcoins to buy the product, with a $6,300 exchange rate. (actually, 5% means that the seller is giving me the equivalent of $315 extra for my BTC ($6,300 x .05), which is $6,615. 

In the 2014-2016 period, I would nearly immediately lock in the 5% profits by buying back BTC immediately around $6,300.  These days, I might let the profits ride a little bit.  Therefore with the $1,000, for example, I might set buy-back orders at $100 increments, or some other reasonable ladder down the chain.. So maybe I conclude that $6700 is about as low as is reasonable in our current BTC trading range so I would set about 6 buy orders of a bit larger than $1,000 ($1,000/6 = $167)... maybe around $200 for each buy back order at $6,200, $6,100, $6,000, $5,900, $5,800 and $5,700) .. so if all of the orders fill, I end up buying back around $1,200 worth of BTC for the $1,000 that I spent.  One other tip is that I would not set my buy back orders exactly at the round numbers of the $100 increments, but instead set the orders a bit above the $100 increments in order to increase the likelihood that they will fill and not reverse just prior to filling at the round numbers where everyone (including BIG whales) tend to quickly set their attempts at BTC price manipulation orders.

i had been a btc miner (around 2011-2013 or so when gpus could do it), not a buyer, of btc, although now i occasionally also buy some. so it was more or less like continuous dollar cost averaging buying. so the coins i mined back in the day (which is the bulk of my current stack) i never replenished as i spent them back then. i mined new ones anyway so i was spending profit, and just wanted to test and use the new ecosystem.

replenishing coins sold with new ones is the best way for most people looking to build up their stash while taking advantage of btcs strengths for purchases. your strategy is a good one. currently i mine alts with gpus and exchange them for btc so i still replenish btc although its not much.

[Tyr808]

I am making a series of thread on why I am fundamentally bullish on Bitcoin in the long run.
It's all constant fundamental drivers which make a prolongued bear run a logical impossibility.
Feel free to contribute even if you disagree.

Reason 1: tether
https://bitcointalk.org/index.php?topic=4545260.0
Reason 2: decreasing actual CS
https://bitcointalk.org/index.php?topic=4591217

More to come.

[bones261]

Segwit signatures are still on chain they are just in a different spot.  Segwit moves the signature out of the input script and stores it in another part of the transaction on chain.

Speculating about future hard forks that might compromise Bitcoin security is pointless because any hard fork could compromise security in any number of ways.  And be rejected.  That’s what full nodes are for.  

Where is the concern trolling over a fork where only segregated signatures are valid and all signatures included with the transaction details invalid? That is technically theoretically possible too you know. It couldn't go all the way back to inception obviously but the fork author could contrive a random deadline date. JUSTSAYIN

Because any concern troll worth their salt knows that the philosophy of the Bitcoin Core team is to not implement hard forks. In fact, that philosophy is what is at the bottom of most of the angst from big blockers. However, Bitcoin core wants to stick to the principal that Bitcoin is immutable. How can you claim something is immutable if you go off hard forking each time you want to introduce a new feature? As we can tell, BCH has no qualms what-so-ever of hard forking. Most other coins have no qualms what-so-ever of hard forking. None of them are even close to be considered immutable. Of course, some will bring up that even implementing soft forks renders bitcoin mutable. But hey, at least someone can still use old versions of BTC software that go back to 2010, i believe, and still be able to interact with the BTC P2P network.

[LFC_Bitcoin]

https://www.youtube.com/watch?v=XORDEX-RrAI

feed from Breaking Bitcoin



loos therefrom

Where can I buy this
Had to Merit this post.

[Paashaas]

And that is being said by a guy that even if he's not Satoshi himself most people agrees he could perfectly had been. Additional layers are the only way to really scale orders of magnitude from here.

There has never been an IT system or application in the world that has been able to scale *without* secondary and tertiary layers. Even completely centralized ones. Any IT person, systems admin or programmer can easily tell you that.

That's why these "single layer crypto" idiots need to rightly fkn off. It's like arguing with a rocket scientist that rockets can be built without a propulsion system. Or that the earth is flat. It's condescension at best, lunacy and trolling at worst.

A channel on the Lightning Network can process 500 tps, with 7800 channels means 3.9 million tps. Going from 7 tps to 3.9 million is already a mindblowing increase but.... it is not enough.

We need tens if not hundreds of millions tps for Bitcoin in order to scale globally if you consider the enormous potential while keeping the main chain decentralised and secure as possible.

On-chain scaling was never an option only those bigblocker idiots dreaming about it ore they are not well informed enough.

[Last of the V8s]

loos therefrom

Where can I buy this
Had to Merit this post.

thanks gents (geddit?)
messaged a guy on the twitter...

[JimboToronto]

Good morning Bitcoinland. Finally recovering from Canada Day weekend. Whew!

Small pullback after the last few days' gains but still hanging in... currently $6590USD/$8677CAD (Bitcoinaverage).
_____

Just noticed the new poll. Seems I'm in third place. I'm not sure if I should feel honored by all the wannabes, or do some campaigning for more votes.

I guess I'd better go kiss some babes (over 18 years old, of course).  

[Mahirap]

Finally Bitcoin is recovering from the bloodbath that happend this past months. we're at the 7k$ mark right now! more and more are entering the market

[Last of the V8s]

Transcripts from building on bitcoin conference
http://diyhpl.us/wiki/transcripts/building-on-bitcoin/2018/

[vroom]

Finally Bitcoin is recovering from the bloodbath that happend this past months. we're at the 7k$ mark right now! more and more are entering the market

woah dude, don't jinx it. we said that to many times in the last months. I want to see 10k before I go in carolina mode.

[Rosewater Foundation]

Transcripts from building on bitcoin conference
http://diyhpl.us/wiki/transcripts/building-on-bitcoin/2018/

Nice find. I'll do more reading and less shit posting today.

[xhomerx10]

Good morning Bitcoinland. Finally recovering from Canada Day weekend. Whew!

Small pullback after the last few days' gains but still hanging in... currently $6590USD/$8677CAD (Bitcoinaverage).
_____

Just noticed the new poll. Seems I'm in third place. I'm not sure if I should feel honored by all the wannabes, or do some campaigning for more votes.

I guess I'd better go kiss some babes (over 18 years old, of course).  

 Seems to me this thread has a dont ask dont tell policy.

Edit: To clarify,  I'm not condoning sex with a minor...  the age of consent in Canada is 16.