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

[DeathAngel]

I'm perplexed why so many people continue to jump into mining.  You are nearly always better off just buying coins instead.

Somebody posted an image a while back showing how much in USD terms it costs to mine (per coin) in different parts of the world. In Venezuela it is something like $300 - $400. Ridiculously cheap but the authorities don’t like it much there & you might have to bribe them etc.

Who feels like setting up a mining farm in Venezuela

[JayJuanGee]

Leverage long (or leverage whatever) (especially 80x) is a nearly a certain way to ensure that you don't have much if any BTC in the long run. 

Obviously I was exaggerating JJG, based on goldking's famous long.
Not many places you can do that anyways.

Personally, I don't see any need for any leverage, and moreso with going BTC long, and part of the reason is the additional complications in attempting to calculate and to prepare yourself for either price direction. 

There seem to be some traders who are able to balance that practice in a way that is both prudent and profitable, but those with margin trading skills and finess seem to be the exception rather than the rule.

[jbreher]

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?

Lightning IS Bitcoin.

Lightning transactions are not on chain, so they are therefore not Bitcoin transactions. So if LN txs are not Bitcoin txs, it follows that ...

I'm not trying to claim that LN is useless. It will likely have benefits for some limited applications. But to pin BTC's future on it when simpler methods were available... smh.

Going to have to pull you up on that one mate... LN Opens and Closed channel onchain. therefore they are BTC transactions.

Just no. The opening and the closing are Bitcoin transactions. All the in-channel transactions are NOT Bitcoin transactions. Sorry. This should be obvious.

On another note, i don't know why people are discounting LN. This is some awesome development/technology. What you see now may be different in 5 -10 years from now, there alot of smart people with forward thinking minds.

I'm only 'discounting' LN against the absurd claims made for it. As a layer 2 protocol, I'm completely whatevs with whatever all y'all want to do with a layer 2 thingy. The galling thing is that the underlying base protocol was intentionally crippled in order to implement LN. The fact that such crippling wasn't even necessary only adds insult to injury, and calls into question the motives and wisdom of those who advocated for such.

[JayJuanGee]

Problem is that nocoiners and the new crypto enthusiast will fall for this scams and they will buy into bCash before even introduced to the real Bitcoin.

Well, from a protocol aspect, SV does have more in common with the original Bitcoin protocol than does BTC.

#justsayin'

still pumping (supposedly defending) bcash, trash?    #yeahright

Just making a point. Do you wish to argue the contrary view? Again: from a protocol aspect, SV does have more in common with the original Bitcoin protocol than does BTC.

Let me give you the benefit of the doubt in regards to your "original vision" claims.  Even if true, such supposed alignment with bitcoin's original vision is not going to make any kind of impact if the shit does not work because the vast majority of the community (more than 95%) has moved on to various upgrades, which seems to be the case in regards to where bitcoin is at today versus bcash sv... 

So you cede the point. Great. We're making progress.

I'm gonna cede the point that the majority of the community prefers BTC to BCH or SV. For the time being.

Though I am not going to cede your ridiculous claim that 'shit does not work'. Both BCH and SV work beautifully. And they will continue to work when usage once again strangles BTC, rendering it once again unusable. Which will likely have a salutary effect upon the relative preferences for BTC and its larger-blocked brethren.

In other words, you and your boys are attempting to plan another coordinated spam attack on the bitcoin blockchain at the right time.   That is if they have any money left in their coffers to attempt to sustain such a hopefully effective attack..      Good luck with that   (NOT).   

[BitcoinGirl.Club]

Please no please no please no.

Give us a few months yet... I haven't been able to accumulate nearly as much as I want...

More FUD plz  

No!!
I am ready for the bull but first $4k 🙂

[BitcoinGirl.Club]

Bitcoin terms featured in today’a Word Sleuth puzzle. We hit the big time now!

https://twitter.com/MadBitcoins/status/1098245151225405440/photo/1

[jojo69]

hmmmmm

using tiny imperfections in a chip's silicon to generate key entropy

interesting

https://www.eurekalert.org/pub_releases/2019-02/ru-rur022019.php

[BitcoinGirl.Club]

"Fiat would be the new go-to currency for criminals"


https://twitter.com/CryptoManiaks/status/1098240946095996934/photo/1

[jbreher]

I must have been unclear when I said I wasn’t going to discuss it with you because you have got big old bags and only talk your book

Hopefully, there is someone out there to pump that shit for jbreher (oh jbreher is that someone).

So this bcash shill, big block fanboy who tries to tell naive folks in bitcoin forums they should abandon their valuable btc and buy this scammy shitcoin is still around here?

Well, there goes the respect I had for you. You better check your fucking assumptions, boyo. I have never advocated that people abandon their BTC for BCH or SV. The fact that I advocate the big block branches of the Bitcoin family tree -- from a technical viewpoint -- does not make me someone who tries to talk anyone into anything. Except maybe being a bit more discerning.

Either completely masochistic or - much more likely - paid shill.

Haha. Again with the shit slinging. You have no fucking idea. So why don't you just shut up regarding things about which you do not know.

I wonder how many of those who believed the ongoing misleading, scammy posts of this shill have lost money because they bought worthless bcash.

misleading and scammy, eh? Care to argue any of the points I have made? Probably not, as you demonstrably would rather just attack a strawman meant to represent me.

and even after all his arguments are proven to be misleading/false,

Which arguments have been proven false? Quotes or links to such, please.

even after loosing all the battles, even after the split, even after complete defeat, he still comes back in here and keeps shilling with the same lame arguments that weren´t true the first few rounds.

Pretty much only when false statements need correcting. Deal with it.

Incidentally, see my sidesig. Which may be a cheap shot, but at least it is based upon objective reality, as opposed to your slanderous character assassination.

shame on this guy. doesn´t seem to have even the slightest trace of honor in him.

No honor, eh? You would rather let lies, slander, and mistruth stand as the record? Nay, that is dishonorable.

very sad. why the fuck he isn´t posting in bcash forums,

I am unaware of any 'bcash forums'. If you mean fora dedicated to Bitcoin Cash, I do. What of it?

why here?

Because this is the epicenter of the Bitcoin community.

I mean, if you want to argue against my assertion that: from a protocol standpoint, both BCH and SV have more in common with the original Bitcoin protocol than does BTC. But everyone who has saddled up that horse has so far been dispatched. Care to give it a go?

paid.

Abso-fucking-lutely false. Prove it. Put up or shut up.

disgusting.

[jbreher]

Yeh lets abandon the Bitcoin Network and jump on xrp version 2 lightning network (LN) instead.

I beg your pardon ?

Lightning IS Bitcoin.

Lightning transactions are not on chain, so they are therefore not Bitcoin transactions. So if LN txs are not Bitcoin txs, it follows that ...

I'm not trying to claim that LN is useless. It will likely have benefits for some limited applications. But to pin BTC's future on it when simpler methods were available... smh.

Going to have to pull you up on that one mate... LN Opens and Closed channel onchain. therefore they are BTC transactions.

On another note, i don't know why people are discounting LN. This is some awesome development/technology. What you see now may be different in 5 -10 years from now, there alot of smart people with forward thinking minds.

Not only the opening and closing are BTC transactions... but also each micropayment within the channels are done with BTC transactions which each channel partner can put on-chain.

No. Only the aggregate state can be put on-chain. (Which, of course, opens up a host of potential attacks.) Not each channel tx.

[jbreher]

I think Jbreher is still upset computers moved to those newfangled transistor things from valves.
Even those he had to be convinced about. Relays did the job ok.

Again, you have no fucking idea. Without the work I have done over the last few decades (and continue to do), your computer -- the one you are using right now, be it phone, laptop, workstation, or mainframe -- would operate differently than it does today. From moments after flipping the power switch until shutdown, there is a piece of my brain that your computer is utterly dependent upon.

Valves are for guitar amps. And radio transmitters.

[bitcoinPsycho]

[BitcoinGirl.Club]

"Bloomberg Hilariously Reports JP Morgan’s Fake Cryptocurrency is Boosting Bitcoin’s Price"
Is this even real?

JPMorgan Just Killed the Bitcoin Dream.

JPMorgan’s Alternative to Bitcoin.

I wonder about their general knowledge LOL

https://www.ccn.com/jp-morgans-fake-cryptocurrency-is-boosting-bitcoin-price

[bitcoinPsycho]

I think Jbreher is still upset computers moved to those newfangled transistor things from valves.
Even those he had to be convinced about. Relays did the job ok.

Again, you have no fucking idea. Without the work I have done over the last few decades (and continue to do), your computer -- the one you are using right now, be it phone, laptop, workstation, or mainframe -- would operate differently than it does today. From moments after flipping the power switch until shutdown, there is a piece of my brain that your computer is utterly dependent upon.

Valves are for guitar amps. And radio transmitters.

So it's your fault

[Biodom]

...for some folks to be suggesting that BTC hodler/accumulators have to engage in a certain kind of behavior such as mining or node running in order to either be full-fledged bitcoin citizen or a prudent bitcoin actor.

you can be a prudent bitcoin actor by holding btc.
you cannot be a bitcoin citizen (which votes) without mining and/or node running.

extending your analogy a bit, those who simply hodl could be compared to US green card holders: basically all (or almost all) rights, but NO voting rights.

You are wrong. You can vote with your feet.

If you don't like something you can dump all the coins.

That's not voting, this is like having a fit of rage in a public place.
It would have ZERO affect on bitcoin protocol.
Ver did it, Bitmain did it-all for nothing. Their dumping did not affect btc at all, only made it stronger.

[d_eddie]

Just no. The opening and the closing are Bitcoin transactions. All the in-channel transactions are NOT Bitcoin transactions. Sorry. This should be obvious.

Right, not on-chain transactions.

The galling thing is that the underlying base protocol was intentionally crippled in order to implement LN. The fact that such crippling wasn't even necessary only adds insult to injury, and calls into question the motives and wisdom of those who advocated for such.

In order to build on the basic protocol, fixing transaction malleability was long overdue. It could have been done some other way, right. Or things could have been left broken, as is the case for some shitcoins.

[Toxic2040]

hmmmmm

using tiny imperfections in a chip's silicon to generate key entropy

interesting

https://www.eurekalert.org/pub_releases/2019-02/ru-rur022019.php

How can you be against PUF technology?

Nice catch.

+1 WOsMerit

Considering that some experts expect Earth to pass the threshold of 1 trillion internet-connected sensors within five years, there is growing pressure to improve the security of IoT devices.

The difference between transistors can amount to a few more atoms in one or a few less in another, but those miniscule differences are enough to produce the electronic fingerprints used to make PUF keys.

--------------
I shall now channel righteous logic and formidable eloquence to engage our erstwhile antagonist..
 
Bear...stfu and just buy the dip!

[jbreher]

gee

aren't boobs great?

https://i.imgur.com/bXEP2Vr.png
indeed sometimes they are a girl's saving grace

I'll see your Svetlana Miljus and raise you an Anna Semenovich.

You're welcome.

[jbreher]

Craig is not the coin. The coin is defined by the protocol. Period. Peeps is just peeps.

Sure, but it is represented by a person/entity or - more precisely - by a team of people under that entity.
In our case Bcash SV's ambassador, is that fucking greedy sorry excuse of a (con) man.
So greedy that he can't even do that properly. Totally abased.

'Represented'. Right. Seems the meanings of 'permissionless' and 'decentralized' has escaped yet another's attention.

[Cryptotourist]

Again, you have no fucking idea. Without the work I have done over the last few decades (and continue to do), your computer -- the one you are using right now, be it phone, laptop, workstation, or mainframe -- would operate differently than it does today. From moments after flipping the power switch until shutdown, there is a piece of my brain that your computer is utterly dependent upon.

It's the second time you mention that - so far as I'm aware.
We can agree that you are smart.

Don't want to dox you or anything, but I would like to know something more specific than that if possible.
Care to elaborate?