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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25496727 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. (158 posts by 14 users with 9 merit deleted.)
El duderino_
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April 06, 2019, 02:37:49 PM

I'm as bullish on crypto as anyone in the long run, but remember:

The market has a tendency of moving in a way that inflicts maximum pain on the greatest number of people.

https://twitter.com/jchervinsky/status/1114146817711775744

true, but I think we all know the game @this moment after that long of a time Smiley
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El duderino_
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April 06, 2019, 02:39:44 PM

Price one year before first halvening : $2.55
Price one year after first halvening : $1,037

Price one year before second halvening : $268
Price one year after second halvening : $2,525

Be prepared, buy bitcoin.

https://twitter.com/Rhythmtrader/status/1113871098624581639
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April 06, 2019, 02:42:41 PM

https://twitter.com/shilldianajones/status/1114174668456497154
^
LoL lmao  Cheesy
El duderino_
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April 06, 2019, 02:45:58 PM



https://twitter.com/davthewave/status/1114343295642005505
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lose: unfind ... loose: untight


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April 06, 2019, 02:48:27 PM

blocksize increase would not have stopped the stupid ass forks.. unless it were to break bitcoin, which was part of their goal to change bitcoin's governance and make bitcoin easier to change.....

Again with the delusion. One of the major 'features' in The SegWit Omnibus Changeset was for the sole stated purpose of making Bitcoin easier to change in the future.

jbreher..

What is your actual point?  Seriously...can you dumb it down for all us plebs and just state what the problems are and how you would fix them. In simple non technical terms so we can all follow along at home.

Sure. Though you've branched from a twig of this thread that is kind of peripheral, I will swerve back to the big hitter.

Problem: As blocks become persistently full, tx fees required skyrocket, average settlement time skyrockets, many use cases become uneconomic, and Lightning fundamentally breaks - due to inability to make economic channel opens and closes, inability to get stale-channel-state-theft repudiation txs included in a timely manner to prevent the theft, LN txs that require out-of-channel execution becomes a larger percentage of the total, etc.

Solution: Avoid persistently full blocks.

How?: The Coreian solution seems to be to drive demand out of the system by reducing usability. I do not buy into that as any sort of a solution at all. One does not grow a system by limiting the things for which it is useful. The solution I advocate is so simple it almost does not require stating. It is the solution 'everyone in Bitcoin circa 2012' knew was the obvious direction to go in. Simply increase the block size to accommodate the demand upon the system. This would return Bitcoin to the economic model it held from inception until insanity.

If I had a magic wand, I would roll back The SegWit Omnibus Changeset. But that ship has sailed. For worse.

I've got a lot of other points, but that's probably the top line item.

Quote
Thank you.

You're welcome.

Wow!.. That's your solution? Bigger Blocks?

Yes.

Quote
[...stupid analogy is stupid...]

Now back to Bitcoin, does this sound familiar, now can you relate to what the developers are trying to archive? Layer 2? LN?

That's fine, but their myopic 'solution' is insufficient. It is a non-solution. As pointed out, persistently full blocks does not only lead to skyrocketing fees and tx settlement latencies, it also breaks your vaunted layer 2.
 
Quote
"One does not grow a system by limiting the things for which it is useful." <- That doesn't apply to Bitcoin, data shows Bitcoin usage has grown year on year.

Perhaps you did not notice the pullback when blocks became persistently full? A hard cap on on-chain txs is a hard cap on on-chain txs, any way you try to spin it.

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The biggest problem you have with your mindset is that you are only thinking about what is here now and not what could be here in the next 5/10/15 years.

False statement is false.
El duderino_
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April 06, 2019, 03:11:22 PM

good good

a small PUMP just a few hours in front of dinner

nice, keep it going keep it pumping
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April 06, 2019, 03:17:00 PM
Last edit: April 06, 2019, 03:28:24 PM by VB1001



The Puell Multiple
A New Barometer of Bitcoin’s Market Cycles

Another type of metric, which has recently gained some attention in the Crypto community, is the the Dollar Value of Mined Coins on daily basis or Bitcoin’s Daily Issuance. This metric proved to have consistently identify all the swing lows based on previous All Time Highs like clockwork. This relationship held for the two major, halving associated, bull-bear market cycles as well as the several shorter ones during the early years.


https://medium.com/unconfiscatable/the-puell-multiple-bed755cfe358

Perfect on the timeline, for now. Wink
JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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April 06, 2019, 03:18:47 PM

happy saturday fellow HODLers


looking quite good so far

above 5k is what we want.


where is a good site to watch the walls displayed graphically?


and when are the MtGox coins going to be given back ?

This is a good website to watch bitstamp walls:

https://www.bitstamp.net/market/order_book/

Regarding Gox coins.  Soon. tm  In about two weeks. tm
VB1001
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April 06, 2019, 03:21:12 PM

good good

a small PUMP just a few hours in front of dinner

nice, keep it going keep it pumping

Keep calm, Mic Cheesy
jojo69
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1/21000000 , the only math you need to know


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April 06, 2019, 03:31:17 PM
Merited by Toxic2040 (1)


Thank you VB

I just sent my last merit to a dead man

 Cry
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April 06, 2019, 03:35:31 PM
Last edit: April 06, 2019, 03:50:51 PM by VB1001

^
This is fine. Cool

You met him?

I mean Hal, there are many interesting readings in his messages.
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April 06, 2019, 03:42:07 PM

Former Bitcoin Core developer Peter Todd faces rape allegations, refutes with defamation suit

In a recent turn of events, Peter Todd, a former Bitcoin Core developer and cryptography consultant, filed a defamation case against ‘isis agora lovecruft’, who had earlier accused him of rape and sexual assault.

https://ambcrypto.com/former-bitcoin-core-developer-peter-todd-faces-rape-allegations-refutes-with-defamation-suit/

No comment. Roll Eyes

I will comment. Yet another jealous feminist cunt made a false accusation against an innocent man. Do some research and you will see she is mentally disturbed. Avoid women, gentlemen, they are all sick in the head.
El duderino_
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April 06, 2019, 03:49:42 PM



Nuff said  Grin  Cheesy
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April 06, 2019, 03:51:04 PM

Good evening, gentlemen. Are we ready for the pomping summer? Grin
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April 06, 2019, 03:53:03 PM

Good evening, gentlemen. Are we ready for the pomping summer? Grin

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April 06, 2019, 03:53:31 PM

happy saturday fellow HODLers


looking quite good so far

above 5k is what we want.


where is a good site to watch the walls displayed graphically?


and when are the MtGox coins going to be given back ?

This is a good website to watch bitstamp walls:

https://www.bitstamp.net/market/order_book/

Regarding Gox coins.  Soon. tm  In about two weeks. tm


Thank you, thats what i was looking for


there is no fixed date for the gox coins, will they be released all at once?
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April 06, 2019, 03:55:09 PM

Good evening, gentlemen. Are we ready for the pomping summer? Grin




a small pump for the price , a big step for a new bull run
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April 06, 2019, 03:57:55 PM
Last edit: April 06, 2019, 04:16:47 PM by VB1001



He is a fucker !!!!! go go gooo BTC
El duderino_
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April 06, 2019, 03:59:37 PM

Can I say Come Onnnnn!!!!!!!! LFC 1-2 @the moment

pity that I couldn't see it live Roll Eyes

The KING

We are going NOWHERE in this title fight  Cool



Why is the green dude wearing a shoe on his hand?

Even if he would.... Then it still would make more sense than owning Bcash (and surely with continiously repeating that Bcash is the real Bitcoin) Roll Eyes

Heyyy-O! Mic with the lacerating bcash burn!!



Besides, its not a shoe. They're insulated mittens because its cold out.



Will always have the same thought on Bcash etc.... and Jbreher has is own hard mind on Bcash....

And you know what......



Grin Grin Cheesy
El duderino_
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April 06, 2019, 04:01:42 PM



In the end I believe to be eating a good chocolate while a Bcash'er will be eating ^, and still says its delicious Roll Eyes Cheesy
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