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Question: Highest price we'll see in 2022:
50,000 - 13 (17.1%)
60,000 - 3 (3.9%)
70,000 - 4 (5.3%)
80,000 - 6 (7.9%)
90,000 - 4 (5.3%)
100,000 - 6 (7.9%)
125,000 - 12 (15.8%)
150,000 - 6 (7.9%)
175,000 - 2 (2.6%)
200,000 - 2 (2.6%)
225,000 - 5 (6.6%)
250,000 - 4 (5.3%)
275,000 - 1 (1.3%)
300,000 - 0 (0%)
>300,000 - 8 (10.5%)
Total Voters: 76

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25532557 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.)
d_eddie
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April 09, 2019, 02:58:41 AM
Merited by JayJuanGee (1)

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?
The blocksize will be increased when necessary. Double the size, double the transactions. Not yet, though. The possible benefits are still outweighed by the risk of spam, which we all have seen. We haven't seen persistently full blocks eyt, though. So that's why it hasn't happened yet.

Besides, daily use of LN for a vast majority of transactions might make it less necessary to open and close channels frequently. And bulk channel openings have been in development for a while already. Some are well past the proof of concept stage (alpha,beta, testnet? I'm not up to date on that ATM).

Schnorr sigs are coming. They improve on-chain privacy, save block space, and they will make coinjoin-like transactions easier - including aggregation of LN channel open/close operations.

All this might not amount to a detailed plan, but it does look like a friggin' good approximation in my opinion.

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HairyMaclairy
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April 09, 2019, 03:02:10 AM

Now where's my hat?

You can’t just waltz in here and demand a hat.

First you have to write a haiku.
nanobtc
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April 09, 2019, 03:10:33 AM

Will trade, hats for pants. Contact XhomerX10
BTCMILLIONAIRE
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April 09, 2019, 03:18:29 AM


Blah blah blah larger block blah blah


You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?

For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.
I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.
infofront
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April 09, 2019, 03:30:31 AM


Blah blah blah larger block blah blah


You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?

For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.
I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.

The market picks the winners. The market doesn't always care about "superior technology".
HairyMaclairy
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April 09, 2019, 03:33:37 AM
Last edit: April 09, 2019, 03:44:47 AM by HairyMaclairy
Merited by infofront (1)

Popularity does not imply superiority by technical standards.

1.  Agreed.  Popularity does not imply superior technology.  

2.  Conversely, superior technology does not imply popularity.  Superior technology loses all the time, especially when going up against a competitor with entrenched network effects. Inferior protocols win. All. The. Time.

3.  If you are trying to build a global competitor to fiat, popularity and network effects are incredibly important.  

It is unquestionable that Bitcoin has stronger network effects than Bcash, by orders of magnitude.  

Further Bcash technology (BCH and SV) is inferior, because its security model is weak.  Its security model is weak for a number of reasons, all of which come back to a lack of effective decentralization. Without an effective security model, it is not an attractive store of value.  If you are not an effective store of value, you cannot gain network effects. 

If you have inferior network effect and inferior technology, then you have a snowballs chance. In the unlikely event that 8MB blocks became essential for survival, community consensus would rapidly coalesce around 8MB blocks, there would be a hard fork and BCH and SV would remain stranded assets. But the reality is that 8MB are completely unnecessary and would make BTC weaker, not stronger. Accordingly no such consensus exists.


 I am far more worried about a disruptive innnovation which does away with the need for a blockchain (such as Grin) than I am worried about a Bitcoin carbon copy with a couple of parameter tweaks.  


Biodom
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April 09, 2019, 03:43:36 AM

I am far more worried about a disruptive innnovation which does away with the need for a blockchain (such as Grin) than I am worried about a Bitcoin carbon copy with a couple of parameter tweaks.  

Grin does have a blockchain, albeit a strange one.
You were probably thinking about Hashgraph.
HairyMaclairy
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April 09, 2019, 03:46:50 AM

I thought it only maintained state after a short period and dumped the rest of the chain?  

In any event, I do fear a cryptocurrency that is both secure and only maintains state.  Whether or not Grin meets that requirement is not particularly important.

Hashgraph is 10x worse because it requires 10x storage.
Paashaas
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April 09, 2019, 03:49:18 AM
Merited by kingcolex (10), JayJuanGee (1)

I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

People here already explained it many times it's kinda useless to discuss it with him.

He likes copy/pasting spamming the WO with his nonsence instead he should discussion it at development & technical board ore Github but of course he aint doing that because his ars will be raped.





JayJuanGee
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ESG, KYC & AML are attack vectors on Bitcoin


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April 09, 2019, 03:49:51 AM


Blah blah blah larger block blah blah


You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?

For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.
I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.

Yeah.. right...

jbreher and bcash needs additional white night defending, as if they have any legitimate arguments to offer.

Get real, BTCMILLIONAIRE.

Paashaas
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April 09, 2019, 03:51:40 AM
Merited by infofront (1), Toxic2040 (1)

Another plausible outcome.

infofront
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April 09, 2019, 03:57:41 AM

^
Seems perfectly reasonable
Hueristic
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April 09, 2019, 04:02:08 AM

PPPPPPfffffffffffffffff



Wtf up with this Bcash?  Roll Eyes

I know!

You’d think there wasn’t a nice place here already to chat about shitcoin’s -

https://bitcointalk.org/index.php?board=67.0

Cool. I hadn't checked out the altcoin section in a long time. It's hilarious.

It's all Crypto this and Cryptocurrency that without any mention of real Bitcoin.

I think it's great. They keep all their talk about Dogecoin, Rogercoin, Vitalikcoin, Kanyecoin, etc. over there and don't pollute our WO with that crap.

Think of it as the retard class at school. This (WO) is like the accelerated class for the precocious.

Let them keep all their altcoin discussions over there and we won't confuse them by posting Bitcoin stuff there.

Bitcoin is Bitcoin and altcoin is altcoin and never the twain shall meet.

Atomic Swaps. Tongue

https://bitcoinmagazine.com/articles/sparkswap-worlds-first-lightning-atomic-swap-exchange-now-in-beta/

jojo69
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April 09, 2019, 04:03:41 AM
Merited by BobLawblaw (1)

Off topic, but...

DUUUUUUDE!!!!!!


thank god
Hueristic
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April 09, 2019, 04:04:25 AM

I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

People here already explained it many times it's kinda useless to discuss it with him.

He likes copy/pasting spamming the WO with his nonsence instead he should discussion it at development & technical board ore Github but of course he aint doing that because his ars will be raped.




Well to be fair, with him spewing that big block shit and the real trolls on ignore I've gone through a shitton of pages. Cheesy
Hueristic
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April 09, 2019, 04:07:46 AM

I love you guys, but can we please introduce a STFU Thursday for both JJG and jbreher. Thanks.

I hear Wednesday is open. Smiley
bones261
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April 09, 2019, 04:10:53 AM

Now where's my hat?

You can use my hat, until xhomerx10 makes a new one. I'm not using it at the moment.

JayJuanGee
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April 09, 2019, 04:24:09 AM

I love you guys, but can we please introduce a STFU Thursday for both JJG and jbreher. Thanks.

I hear Wednesday is open. Smiley

EXACTLY!!!!!!.. that's what I am talking about.  Makes me giddy just considering the matter.

JayJuanGee
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April 09, 2019, 04:25:54 AM

Now where's my hat?

You can use my hat, until xhomerx10 makes a new one. I'm not using it at the moment.



Some peeps collect pants and others collect hats.  Go figure.
Toxic2040
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April 09, 2019, 04:30:24 AM

maybe i am just paranoid, but

the mayor shows up and has everyone flustered      and now i am getting that tingly sensation again and cant shake it  
recommend that we sound general quarters sir    #dyor

15m


cat will sit and watch duck try to fly
3h

#stronghands
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