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

[fillippone]

Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure.
Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.

https://bitcoinmagazine.com/articles/gemini-exchange-announces-full-adoption-segwit-protocol/

Why adoption of Segwit should benefit processing times? SegWit transactions aren’t prioritised in blocks... so where does the save in time come from? Mempool isn’t empty neither...

[JSRAW]

Donno, I don't even do english. I am just a Bitcoin troll

Nah, you are not. you are an honest soul BTCserve

[bitserve]

Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure.
Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.

https://bitcoinmagazine.com/articles/gemini-exchange-announces-full-adoption-segwit-protocol/

Why adoption of Segwit should benefit processing times? SegWit transactions aren’t prioritised in blocks... so where does the save in time come from? Mempool isn’t empty neither...

I could speculate than as Segwit tx's do need less effective blocksize space whatever fee you specify gets higher priority over similarly priced legacy tx's. Of course if the mempool is as empty as to almost guarantee next block inclusion you wouldn't feel any delay improvement but... on average you probably do presuming the fee is the same.

ALso, the more amount of people/service providers transition to segwit the more empty space there is available in the next blocks. So yes, I do agree.

[Hueristic]

Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure.
Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.

https://bitcoinmagazine.com/articles/gemini-exchange-announces-full-adoption-segwit-protocol/

Finally Gemini gets on board with Segwit.

Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure.
Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.

https://bitcoinmagazine.com/articles/gemini-exchange-announces-full-adoption-segwit-protocol/

Everyones a bit slow today.

Or maybe its just I'm not used to being caught up!

[Paashaas]

Domino effect 



https://twitter.com/Bittylicious_/status/1118178742654967814

[fillippone]

Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure.
Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.

https://bitcoinmagazine.com/articles/gemini-exchange-announces-full-adoption-segwit-protocol/

Why adoption of Segwit should benefit processing times? SegWit transactions aren’t prioritised in blocks... so where does the save in time come from? Mempool isn’t empty neither...

I could speculate than as Segwit tx's do need less effective blocksize space whatever fee you specify gets higher priority over similarly priced legacy tx's. Of course if the mempool is as empty as to almost guarantee next block inclusion you wouldn't feel any delay improvement but... on average you probably do presuming the fee is the same.

Also, the more amount of people/service providers transition to segwit the more empty space there is available in the next blocks. So yes, I do agree.

A miner includes transaction on a block only on economic incentives.
Economic incentive is fee/space so sat/byte. So Segwit hasn’t any advantage on this.

I just received bitcoin Ops newsletter: seems to confirm my thesis:

. Switching to native segwit in order to reduce a transaction’s weight allows you to reduce its fee by the same percentage without changing how long it’ll take to confirm—all other things being equal.

But all other things aren’t equal. Because the transactions use less block weight, there’s more weight available for other transactions. If the supply of available block weight increases and demand remains constant, we expect prices to go down (unless they’re already at the default minimum relay fee). This means more people spending native segwit inputs lowers the fee not just for those spenders but for everyone who creates transactions—including wallets and services that support sending to bech32 addresses.

[Toxic2040]

glitch on tradingview is all

+1 WOsMerit

wb v8 

Not sure if the HR dept. has contacted you yet since your return from your vacation but apparently there was a small kerfluffle with baggage on your voyage. I am sure its nothing worth getting your knickers in a twist over.

---------

Yep..the exchange has the correct logging. Not sure what TV is doing but its really messing with my chart fung shui.  That is all.

1h beta

[bitserve]

I am almost sure at least someone here must know his fucking shit about video projectors.... Am I wrong?

I need a *BUDGET* long throw OUTDOORS projector (around 5+ meters to the wall) .... Any suggestions? I know you guys know.....

Not that much resolution needed, as the viewing point will be like 15-20 meters (the other end of the pool)  or more from the projected wall. It's brilliance and contrast what I need.




P.S.: Inb4 someone starts screming offtopic let's just say this is *wall observing* at its finest, you know.

[VB1001]

The Mayer Multiple (MM) by Trace Mayer is showing that bitcoin price has already bottomed out signaling the end of the 15 month long bear market.

Going by this information, it appears another indicator is showing that BTC may have already bottomed out,
marking the end of a bear market, which started in December 2017.

https://bitcoinist.com/bitcoin-indicator-mayer-multiple-flashing/?

[Phil_S]

https://www.azcentral.com/story/news/world/2019/04/16/bitcoin-trader-chad-elwartowski-seasteading-thailand-coast-faces-death-penalty/3480748002/

He said his pursuit of liberty was not an attempt to avoid taxes.

"As a U.S. citizen, I have to pay taxes no matter where I live in the world. We do not get to stop paying U.S. taxes just because we leave the U.S.," he said.

He said his main concern right now was for his girlfriend and that he wishes he'd never gotten her involved.

"She would still be in Bangkok right now, enjoying her life if not for me. I hope to get her someplace nice so we can live a quiet life away from the insanity and perhaps capture, once again, a small fraction of the freedom we had on the seastead."

Life can be pretty cruel. Best wishes to Elwar and Nadya.

[Dobe Dryant]

Building a seastead was a dumb idea to begin with, he would of been better off buying a bunch of land somewhere and trying to start his own country.

[LFC_Bitcoin]

$5,124


Edit - $5,215 oh wow! SV money transferring into Big Daddy Bitcoin?





Pic courtesy of @pompitup_shop

[Dakustaking76]

Pumppppo iT upppppoo

[rafanadal]

20k or bust

[Toxic2040]

Mmmmmmmm....dip.

3h


6h

#stronghands'19

[kenzawak]

BITCOIN LIGHTNING NETWORK PASSES 8K NODES AS MAINSTREAM PRODUCTS EMERGE

https://bitcoinist.com/bitcoin-lightning-network-8k-nodes/

"Lightning, which continues to advance its presence as Bitcoin’s foremost scaling solution, hosted 8016 nodes at press time April 16 according to monitoring resource 1ML.com, up 8 percent over the month.

The network now has a total payment capacity of 1062 BTC ($5.37 million), having reached an all-time high of 1080 BTC earlier this month.
...
The Breez hub opens and funds the payment channel automatically, letting users start transferring and receiving payments from any entity on the Lightning Network as easily as they would send a text message. If you can download the mobile client, you can understand how to use it."

[mindrust]

Leave that CSW Bcash crap. There is far more important matters we need to talk about.



https://twitter.com/filbfilb/status/1118210203470770176

USDT up c.25% since the pump out of the $4k range.

I’m sure it’s nothing. 😈

Tether strikes again.

$100k incoming.

 

[Last of the V8s]

Not sure if the HR dept. has contacted you yet since your return from your vacation but apparently there was a small kerfluffle with baggage on your voyage. I am sure its nothing worth getting your knickers in a twist over. ... messing with my chart fung shui.

[EatonABooger]

Building a seastead was a dumb idea to begin with, he would of been better off buying a bunch of land somewhere and trying to start his own country.

wow.  you just got on the "ignore" list of 95% of WO participants.

[Arriemoller]

Somewhere, deep in the spice-rich sands of the Arrakeen deserts, Shai-Hulud stirs.

https://www.youtube.com/watch?v=NrG4g6yNLJU