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

[jbreher]

Great interview on the What Bitcoin Did podcast: https://www.whatbitcoindid.com/podcast/peter-rizuns-lightning-critique-fud-or-fair

I assume a number of you will summarily dismiss this, rushing to judgement before examining the evidence. But for the open-minded, certainly worth a listen.

Anyhow, I guess we keep coming back to the general idea that it will be fine in the future!.. The technology will be there to support Bigger Blocks and Massive Database (but in the future it will be considered small). We will have cheap 1000GBit connections to link everyone together and 80TB hard drives! Moore says so!

The same can be said for LN and Layer 2 solutions. The developers are working on a solutions for this and that. A different Layer 2 solution will be available soon and so forth.

But which would you bet on? Something that is developing and evolving right before our eyes or relying on Moore's Law?

Moore's Law isn't as good as it used to be - since a few years already.

Depends upon which form you use. Gordon's original formulation spoke only to number of transistors per dollar. However, the more generalized form speaks to computations per dollar - which can be extended back from microprocessors to gate level logic to discrete transistors to vacuum tubes to relays to purely mechanical computing. And currently extended forward in time to multi-core, non-homogeneous computing systems. Which has shown pretty high fidelity to an exponential growth rate for more than 100 years, and shows no signs of attenuating.

I am well out of my depth on this topic but my understanding is that Moore’s law refers to the number of transistors in an integrated circuit. It is not an economic measure

https://en.m.wikipedia.org/wiki/Moore%27s_law

Like I said. Gordon Moore originally formulated it in regards to number of transistors, this is true. But the principle is of much higher applicability. Which, of course, is only one of the oddities with this. For another, it is not a Law. It is a hypothesis, conjecture, or postulate. Nevertheless, once the 'Law' gained some traction, it was backtested to the birth of mechanical computing. And as I said, found to be very tight correlation well within standard deviation for a century or so.

The point being that the strict limited formulation of Moore's 'Law' is not what is applicable to computing. It is rather a special case of a more general principle that holds tight to exponential growth of computational power per unit cost that shows no signs of slowing. While it is true that transistor count per die surface area sees scaling challenges (BTW, were you aware that TSMC is in the process of working the bugs out of their 5nm process?), that is really just a sideshow. Multidimensional lithography, chip-on-die, chiplets, and most importantly computational macro architecture are all undergoing advances that are delivering on the more generalized promise of computations per dollar. And this is the measure of advances needed for things such as scaling Bitcoin. Transistors per sq mm is an archaic measure with no applicability in the larger question.

[Hueristic]

Guys! Just look at the real volumes of TOP exchanges with CMC! That's fucked up


MARKET SURVEILLANCE REPORT – APRIL 2019

What is the source for this table?
I see different numbers on CMC page:

https://coinmarketcap.com/rankings/exchanges/reported/

You should always provide sources if you don’t produce content yourself.

By the way, not all exchanges are producing fake volumes: The rock trading (Italian exchange with long history of reliability (never hacked)) apparently is not:
https://dgi.io/2019/04/23/TRT-Volumes.html

The link is directly below the image it reads "MARKET SURVEILLANCE REPORT – APRIL 2019".

Its an excellent read.

Despite previous info, maybe they are not out of danger just yet.

The press might just be lagging behind, as it often happens.

and just why exactly is the Thai government tracking down two non violent people? They obviously aren't going to build another seastead there.

Because TPTB don't like people getting away with not being under their thumb so examples must be made.

I hope the US threatens sanctions against those fuck heads for even threatening a US citizen with death over something so silly.

US probably put them up to it.

I wouldn't hold your breath.

I agree.

[HairyMaclairy]

^Fair enough, tis not a hill I wish to die on.  Suffice to note that there are physics boundaries to the original formulation

The corollary to the expanded definition of Moore’s Law is that the tech industry will find ways to render all that increased processing power and bandwidth completely useless through bloatware

[lightcar]

We here to make money, not here for nerd talk.

[El duderino_]

Q: Should I buy bitcoin now?
A: If you have to ask, the answer is no.

https://twitter.com/lopp/status/1120701515537297408?s=21

[El duderino_]

We here to make money, not here for nerd talk.

You here to should go

via Imgflip Meme Generator

[HairyMaclairy]

45,000 ETH stolen by guessing weak private keys

https://www.wired.com/story/blockchain-bandit-ethereum-weak-private-keys/

[BitUsher]

45,000 ETH stolen by guessing weak private keys

https://www.wired.com/story/blockchain-bandit-ethereum-weak-private-keys/

Well if you are foolish enough to be scammed into thinking ethereum has any usefulness , you likely are foolish enough not to care about security and have a weak passcode.

The mistake was probably the result, he says, of Ethereum wallets that cut off keys at just a fraction of their intended length due to coding errors... or even that included malicious code, corrupting the randomization process to make keys easy to guess for the wallet's developer.

Goodness , almost every design decision Ethereum has made has all been about marketing instead of security.

More victims in the future as the wallets still exist unidentified because who needs code peer review, right?

[jojo69]

I am well out of my depth

yep, it also applies to the resolution of digital cameras

The corollary to the expanded definition of Moore’s Law is that the tech industry will find ways to render all that increased processing power and bandwidth completely useless through bloatware

unassailable truth

[BitUsher]

How many btc have also been stolen do to stupid seed words.

Looks like this is some poorly written ETH wallets there. Ethereum is a big steamy pile of shit so much so that we have a long list of fuck ups -

1) Main dev Gavin can't even code simple multisig right leading to loss of millions

2) Dao

3) Eth devs don't even put a simple checksum in their original addressees leading to loss of millions.

4) Eth 2 cannot be bothered with as a SF or HF to upgrade the chain because the first iteration was such a chit show they are going to do a completely new chain with an airdrop

on and on ...

[goldkingcoiner]

Probability that I will short 2318821x in the next 40 seconds. 100%

Anyone got that pic of that one guy who accidently took a pic with his seed words on his desk?

[Last of the V8s]

Lurking Wife Mode  


https://twitter.com/TotalBuzzKit/status/1120819320551104512
Whoa... This is BY FAR the most feature-rich incremental update I've seen from @wasabiwallet so far. @nopara73 seems superhuman. A must-have update, full release notes and download link at https://github.com/zkSNACKs/WalletWasabi/releases/tag/v1.1.4 …

[Last of the V8s]

satoshi 'is not a happy camper'
https://www.bloomberg.com/news/articles/2019-04-23/john-mcafee-vows-to-unmask-crypto-s-satoshi-nakamoto-within-days

[Gyrsur]

satoshi 'is not a happy camper'
https://www.bloomberg.com/news/articles/2019-04-23/john-mcafee-vows-to-unmask-crypto-s-satoshi-nakamoto-within-days

[_javier_]

satoshi 'is not a happy camper'
https://www.bloomberg.com/news/articles/2019-04-23/john-mcafee-vows-to-unmask-crypto-s-satoshi-nakamoto-within-days

... and the result could be hilarious.

Keep moving, nothing to see there..

[xhomerx10]

Dammit!

 edit: Double Damn!

[HairyMaclairy]

McAfee’s antics and erratic behavior have overshadowed his past as a software pioneer, and it’s hard to know whether he’s finally tracked down the real Nakamoto -- a feat that many others have failed to pull off.

Nah it’s not that hard

[HI-TEC99]

satoshi 'is not a happy camper'
https://www.bloomberg.com/news/articles/2019-04-23/john-mcafee-vows-to-unmask-crypto-s-satoshi-nakamoto-within-days

Craig will sue if macafee unmasks someone else as satoshi. Craig won't be a happy camper.

[Last of the V8s]

Dammit!

 edit: Double Damn!

trouble at mill?

[HairyMaclairy]

satoshi 'is not a happy camper'
https://www.bloomberg.com/news/articles/2019-04-23/john-mcafee-vows-to-unmask-crypto-s-satoshi-nakamoto-within-days

Craig will sue if macafee unmasks someone else as satoshi. Craig won't be a happy camper.

Hahaha I hadn’t thought of that