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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25461969 times)
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infofront
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April 04, 2019, 03:41:58 PM


My GF knows I wouldn't hesitate to do that if she suggested selling even *HER* Bitcoins. (*)


(*) After the last bubble "fiasco", I gave her permission to start trying to convince me above a certain (undisclosed) future price though.

Lucky girl hehe:D

let's wait for Mrs LFC and Mrs Mic perspective also.

@Pamoldar you can ask to Bhabhi ji also Cheesy

My gf was moaning throughout most of 2018 telling me I’d thrown away the chance for us to be rich. She was upset & cried a lot to be honest Cheesy
She said bitcoin is dead & I threw away X amount of money etc but I told her this is how it goes, a normal cycle.

Now she’s checking the price 10 times a day again, telling me to buy all the time.

Fucking women hey Cheesy

Mrs. Infofront has been bugging me for years about using my corn to upgrade from our small, 950 sq. ft. house.
Sorry honey. Daddy has a very low time preference.

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El duderino_
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April 04, 2019, 03:42:22 PM

This is how I see it.

(you see where we are at, right?)



https://twitter.com/BitBitCrypto/status/1113602858082086918

Able company in a historical action shot. Please return the the archives when finished. DO NOT BURN



don't put me on the lower ranges when their are prices on the PIC Roll Eyes

who is that second one on the low with no HAT?
and the BTCpenny HAT, good to see it here forgot to put it in my collection Smiley
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April 04, 2019, 03:42:52 PM

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/


The guy's a billionaire and he's taking a mortgage?



 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!


It is cheaper to take a mortage than paying the full price directly, even for a billionaire Undecided
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April 04, 2019, 03:43:42 PM

My wife isn't bad at all with btc and just trust me. Now my parents are different, my mom told me to sell everything at $250.
I don't see much difference in between your mom and Warren Buffett 🤣
Both old school.
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April 04, 2019, 03:47:14 PM

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

And, get the fuck out of here with your exaggeration that there is no plan in BTC..

OK, JJG. Tell me what the plan is to deal with the fact that once blocks are persistently full, then average fees rise uncontrollably, average wait times raise uncontrollably, LN channel openings and closings get economically prohibitive, and number of new entrants gets hard-capped.

What is the plan, JJG - what is the plan?
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April 04, 2019, 03:47:40 PM

This is how I see it.

(you see where we are at, right?)



https://twitter.com/BitBitCrypto/status/1113602858082086918
Very soon we will see this,



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April 04, 2019, 03:49:01 PM



whoa

Am I bottoming for Bob there?
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April 04, 2019, 03:51:15 PM

Serious @jbreher, I've never seen somebody be such a vicious asshole and so wrong at the same time. And that's saying a lot for this place.

His whole premise is nobody will use bitcoin because its too crowded. That's just plain fucking stupid.

No, my whole premise is that the number of people who will be able to use BTC is hard-capped by the block size. I've been absolutely clear about this for years now. And you're so blinded by dogma that you can't even read what I am actually typing.

The number of people who will be able to use BTC is hard-capped at a ludicrously low number. Those unable to get in will go elsewhere. If for no other reason, because they have no other choice.
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April 04, 2019, 03:51:32 PM

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/


The guy's a billionaire and he's taking a mortgage?



 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!


It is cheaper to take a mortage than paying the full price directly, even for a billionaire Undecided


 Sure but Brock Pierce was going to give away a billion dollars last year.  What does he care about cheaper?
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April 04, 2019, 03:57:54 PM

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

You are fucking ridiculous on this point, jbreher.  Dumbass BIG BLOCKERS have been acting chicken little on this topic since at least late 2015, and they have been wrong, wrong wrong.. except to the extent to which they have engaged in some spam attacks to attempt to make it look like their wrong chicken little speculations were coming true.

And, get the fuck out of here with your exaggeration that there is no plan in BTC.. because with segwit and other tweaks including lightning network, batching and some other technical mumbo jumbo stuff, BTC transactions are getting processed... and fees also will adjust to help to channel and incentivize transactions too...

so fuck off in your attempting to act like there is neither progress in bitcoin or that there is some kind of supposed emergency situation in bitcoin that justifies a block increase - which is still not necessary, even though you and your dumb BIG blocker buddies keep trying to present such nonsense solutions to increase the block size limits as if they were "obvious solutions," and they are not.. they are just stupid.. and counter to any necessary solution.. you want to break bitcoin like you and your buddies broke your impotent bcash(es) variants?

You claim to be a bitcoiner, but I have to question you with your stubborn continued persistence spouting out such repetitive nonsense that has been debunked over and over and over in the past 3.5 years.  There is no there there.. so focus your lil selfie.   Angry Angry Angry


Once the blocks are full, no additional people can open a LN channel. Nobody can close an LN channel. (Not without out-paying those txs already waiting to be built into a block).

you are speculating about something that has never happened.. Even in December 2017/January 2018 (when your bitmain buddies and Roger Ver had enough money to engage in their spam attack), transactions still went through, as long as higher fees were paid... so if the fees might go up during such clogging periods.   By the way, funny how bitmain is now broke.. ver might not be doing so well.. and maybe still hoping for calvin ayere to keep haning out with you other social pariahs.

Nobody can post evidence of stolen channel funds as a result of counterparty posting an earlier channel state. Nobody can get BTC into or out of exchanges. ...

Let's see how it plays out... sounds like you are making shit up, for the moment.. so let's see if it becomes a BIGGER issue that is does not get resolved... Lots of smart people working and submitting ideas in bitcoin core, so they are likely to continue figuring out a variety of things as they already have been with the passage of time.. And maybe you should be discussing these technical matters in another thread, anyhow?  you fuck with attempts at technical mumbo jumbo, here.

All y'all are hanging your hopes on a promise that has no chance to deliver its stated benefits.

You and your BIG BLOCKER nutjob buddies have already proven yourselves to be inclined towards exaggerations about supposed dire outcomes, and likely going to happen again... with exaggerated points like you are making here.

Sure, LN will have important use cases. But at the cost of crippling the base layer? Collective delusion.

Of course, LN will have important use cases.. at least you recognize that aspect.. and if you think that there some kind of crippling then get the fuck out of here.  Don't use lightning then nor build upon it, and go over to your shitcoin (I mean various bcashes) projects to whine about how horrible bitcoin is, while bitcoin is going to leave those bcashes crappies in the dust in terms of innovations, development, adoption and even ongoing price performance..

Jbreher should be joining his BCHABC - BTC-SV friends at r/btc. He can shit on Segwit/LN and Core dev. 24/7.

He will be loved over there  but here he's  just a moron.

And in charges Paashaas with yet another attack fully devoid of any substantive rebuttal to any points made.
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April 04, 2019, 03:59:47 PM

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/


The guy's a billionaire and he's taking a mortgage?



 Shhhh!  He's causing more fiat to be printed thereby increasing our Bitcoin value.  Don't tell him about the compound interest!


It is cheaper to take a mortage than paying the full price directly, even for a billionaire Undecided


 Sure but Brock Pierce was going to give away a billion dollars last year.  What does he care about cheaper?

I think he simply doesn't want to sell his bitcoins.
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April 04, 2019, 04:04:00 PM
Merited by El duderino_ (1)

don't put me on the lower ranges when their are prices on the PIC Roll Eyes

who is that second one on the low with no HAT?
and the BTCpenny HAT, good to see it here forgot to put it in my collection Smiley


You are the rock upon which we stand Goose. Leading fire teams from the trenches..a place of high honor...do not fret young sir. The image you are referring to is a top secret prototype demonstration model never before seen in actual combat. Testing is in progress...please stand by for a sitrep at the fob at the end of operations. Carry on.


xhomerx10 patent application  - international patent pending no. PCT5551212

 Abstract

An eye enhancement device comprising a soft, flexible plastic envelope forming a goggle enclosure contoured to comfortably conform to the angular anterior cranial features of a particular mammalian, non-human animal, such as a cat.  For use with invisible laser cat exercise device per US patent no. 5443036.




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April 04, 2019, 04:10:56 PM
Merited by JayJuanGee (1)

Serious @jbreher, I've never seen somebody be such a vicious asshole and so wrong at the same time. And that's saying a lot for this place.

His whole premise is nobody will use bitcoin because its too crowded. That's just plain fucking stupid.

No, my whole premise is that the number of people who will be able to use BTC is hard-capped by the block size. I've been absolutely clear about this for years now. And you're so blinded by dogma that you can't even read what I am actually typing.

The number of people who will be able to use BTC is hard-capped at a ludicrously low number. Those unable to get in will go elsewhere. If for no other reason, because they have no other choice.

What's the hard cap number you had in mind? I bet you whatever it is, BTC surpasses it. Let's make a gentlemen's wager. What metric do you propose to measure "users"? Active addresses is pretty good. Right now there's approximately 684k active addresses. That number seems to have peaked around 1 million in Dec 2017, so do you agree that's a "cap"? (I wouldn't call it "ludicrously low" btw, but that's just me). I bet you this number surpasses 1 million - and stays there - before the year's end.

https://bitinfocharts.com/comparison/bitcoin-activeaddresses.html

Feel free to offer your own metric. It's too hard to add Lightning Network activity with active addresses, even though its growing by leaps and bounds and is a viable solution to avoid your avidly described apocalypse that you perpetually insist is imminent.
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April 04, 2019, 04:13:29 PM

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/


The guy's a billionaire and he's taking a mortgage?

Saving a couple of percent when you expect your liquid assets to skyrocket actually makes quite a bit of sense.
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April 04, 2019, 04:20:51 PM
Last edit: April 04, 2019, 04:38:48 PM by micgoossens


I only see BoB pulling up JJG.....? To stay on board?

or is that just a strategical move ? Smiley
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April 04, 2019, 04:21:22 PM

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

You are fucking ridiculous on this point, jbreher.  Dumbass BIG BLOCKERS have been acting chicken little on this topic since at least late 2015, and they have been wrong, wrong wrong.. except to the extent to which they have engaged in some spam attacks to attempt to make it look like their wrong chicken little speculations were coming true.

And, get the fuck out of here with your exaggeration that there is no plan in BTC.. because with segwit and other tweaks including lightning network, batching and some other technical mumbo jumbo stuff, BTC transactions are getting processed... and fees also will adjust to help to channel and incentivize transactions too...

so fuck off in your attempting to act like there is neither progress in bitcoin or that there is some kind of supposed emergency situation in bitcoin that justifies a block increase - which is still not necessary, even though you and your dumb BIG blocker buddies keep trying to present such nonsense solutions to increase the block size limits as if they were "obvious solutions," and they are not.. they are just stupid.. and counter to any necessary solution.. you want to break bitcoin like you and your buddies broke your impotent bcash(es) variants?

You claim to be a bitcoiner, but I have to question you with your stubborn continued persistence spouting out such repetitive nonsense that has been debunked over and over and over in the past 3.5 years.  There is no there there.. so focus your lil selfie.   Angry Angry Angry


Once the blocks are full, no additional people can open a LN channel. Nobody can close an LN channel. (Not without out-paying those txs already waiting to be built into a block).

you are speculating about something that has never happened.. Even in December 2017/January 2018 (when your bitmain buddies and Roger Ver had enough money to engage in their spam attack), transactions still went through, as long as higher fees were paid... so if the fees might go up during such clogging periods.   By the way, funny how bitmain is now broke.. ver might not be doing so well.. and maybe still hoping for calvin ayere to keep haning out with you other social pariahs.

Nobody can post evidence of stolen channel funds as a result of counterparty posting an earlier channel state. Nobody can get BTC into or out of exchanges. ...

Let's see how it plays out... sounds like you are making shit up, for the moment.. so let's see if it becomes a BIGGER issue that is does not get resolved... Lots of smart people working and submitting ideas in bitcoin core, so they are likely to continue figuring out a variety of things as they already have been with the passage of time.. And maybe you should be discussing these technical matters in another thread, anyhow?  you fuck with attempts at technical mumbo jumbo, here.

All y'all are hanging your hopes on a promise that has no chance to deliver its stated benefits.

You and your BIG BLOCKER nutjob buddies have already proven yourselves to be inclined towards exaggerations about supposed dire outcomes, and likely going to happen again... with exaggerated points like you are making here.

Sure, LN will have important use cases. But at the cost of crippling the base layer? Collective delusion.

Of course, LN will have important use cases.. at least you recognize that aspect.. and if you think that there some kind of crippling then get the fuck out of here.  Don't use lightning then nor build upon it, and go over to your shitcoin (I mean various bcashes) projects to whine about how horrible bitcoin is, while bitcoin is going to leave those bcashes crappies in the dust in terms of innovations, development, adoption and even ongoing price performance..

Jbreher should be joining his BCHABC - BTC-SV friends at r/btc. He can shit on Segwit/LN and Core dev. 24/7.

He will be loved over there  but here he's  just a moron.

 Jbreher has many good qualities.  I might not agree with his opinion on the direction Bitcoin should or should not take but I still love him.
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April 04, 2019, 04:23:34 PM

Serious @jbreher, I've never seen somebody be such a vicious asshole and so wrong at the same time. And that's saying a lot for this place.

His whole premise is nobody will use bitcoin because its too crowded. That's just plain fucking stupid.

No, my whole premise is that the number of people who will be able to use BTC is hard-capped by the block size. I've been absolutely clear about this for years now. And you're so blinded by dogma that you can't even read what I am actually typing.

The number of people who will be able to use BTC is hard-capped at a ludicrously low number. Those unable to get in will go elsewhere. If for no other reason, because they have no other choice.

What's the hard cap number you had in mind?

It is all driven by the block size, and dependent upon how many txs per day the average user makes. Any way you slice it, on chain tx capacity is limited by the block size. And inability to transact on chain also breaks LN - no opens, closes, or repudiation of stale channel state driven theft.

Daily tx capacity is highly variable upon the nature of that's day's txs, but it is well south of a million. So there's your hard cap.
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April 04, 2019, 04:24:58 PM

^See?  A very analytical mind.
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April 04, 2019, 04:26:36 PM

^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy
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April 04, 2019, 04:34:12 PM

Billionaire Brock Pierce takes out first-ever Bitcoin-backed mortgage to buy a $1.2m home in Amsterdam.

https://bitcoinist.com/billionaire-brock-pierce-takes-out-first-ever-bitcoin-backed-mortgage/


The guy's a billionaire and he's taking a mortgage?


Maybe he just had a 200 million buy order go through?
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