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

[jbreher]

OK, perhaps on the topic of Lightning's limitations, you're not prepared to listen to myself, Rizun nor reason. Perhaps you might be open to the views of one of Lightning's co-creators.

“In the future, if you have this one-megabyte restricted blocksize and the Lightning Network, it is still the rich people and companies that can use lightning but the average user probably can’t.”
— Tadge Dryja

https://www.whatbitcoindid.com/podcast/tadge-dryja-on-the-limitations-of-the-lightning-network

Interview location: Skype
Interview date: Thursday 25th April, 2019
University: MIT Digital Currency Initiative
Role: Research Scientist

The simple promise of the Lightning Network is that it solves the scaling issues inherent with one-megabyte blocks in Bitcoin, offering users near instant and low-cost payments. Now the Lightning Network is in beta, actively being used and stress tested, questions are being asked about its limitations.

Proponents for on-chain scaling have been harsh critics of Lightning, questioning everything from the time it has taken to develop to whether it does solve high fees. Proponents of Lightning often defend it, claiming it is early, and many exciting things are being developed to address these early issues.

What is clear is that the Lightning Network has much to prove, and there are risks it will not solve all the issues with scaling and potentially becomes a tool for the Bitcoin rich.

Tadge Dryja co-authored the Lightning Network whitepaper with Joseph Poon and worked on the initial implementation. In this interview, we discuss the limitations of the Lightning, why Bitcoin might not be for everyone, alternative scaling ideas, the fee network and inflation.

[El duderino_]

^^
I also know we don't need it, but some like to read some ETF-based-Hopium

If we get one of these ETF’s approved it’s going to be serious moon time. I’m getting impatient waiting though

If LFC gets a good result @Barca then it would almost be tempting to come and watch the game @a bar next to the stadium

[BitcoinGirl.Club]

^^
I also know we don't need it, but some like to read some ETF-based-Hopium

If we get one of these ETF’s approved it’s going to be serious moon time. I’m getting impatient waiting though

If LFC gets a good result @Barca then it would almost be tempting to come and watch the game @a bar next to the stadium

Is anyone gambling on Barca vs LFC match?
I will be in it. Check the price it's over 4.00 lol

[El duderino_]

^^
I also know we don't need it, but some like to read some ETF-based-Hopium

If we get one of these ETF’s approved it’s going to be serious moon time. I’m getting impatient waiting though

If LFC gets a good result @Barca then it would almost be tempting to come and watch the game @a bar next to the stadium

Is anyone gambling on Barca vs LFC match?
I will be in it. Check the price it's over 4.00 lol

Its much indeed thought 4.55 last I checked, but i'm not a real gambler, I have had my sportsbetting period and just know its a loss longterm, very sometimes a small bet on a game to make it a bit exciting but even that is been from the WC I think ....

Otherwise odds are nice but first away game is very tuff to bet imo.

So many moments when they just happy with a draw/away goal.....

[LFC_Bitcoin]

^^
I also know we don't need it, but some like to read some ETF-based-Hopium

If we get one of these ETF’s approved it’s going to be serious moon time. I’m getting impatient waiting though

If LFC gets a good result @Barca then it would almost be tempting to come and watch the game @a bar next to the stadium

Save your money & go to Madrid if we make the final. I need to shake off that defeat in Kiev last season. I spent thousands to get there including the final tickets.

We need to make up for it

[El duderino_]

^^
I also know we don't need it, but some like to read some ETF-based-Hopium

If we get one of these ETF’s approved it’s going to be serious moon time. I’m getting impatient waiting though

If LFC gets a good result @Barca then it would almost be tempting to come and watch the game @a bar next to the stadium

Save your money & go to Madrid if we make the final. I need to shake off that defeat in Kiev last season. I soent thousands to get there including the final tickets.

We need to make up for it

Maybe yes if we get the final.... it could be good to go there, let's see how it plays out

[BitcoinGirl.Club]

Its much indeed thought 4.55 last I checked, but i'm not a real gambler, I have had my sportsbetting period and just know its a loss longterm, very sometimes a small bet on a game to make it a bit exciting but even that is been from the WC I think ....

Otherwise odds are nice but first away game is very tuff to bet imo.

So many moments when they just happy with a draw/away goal.....

I will surely go for draw or Liverpool

[BTCMILLIONAIRE]

Im Antlitz der aufgehenden Sonne
Stand ich frühmorgens da
Mein Leib voller süßer Wonne
Und güldene bitcoins im Haar

Thats not a HAIKU  5-7-5   

Yep, clearly isn't. Good poem though.


How's your MS application and whisky tasting going?

[BTCMILLIONAIRE]

Im Antlitz der aufgehenden Sonne
Stand ich frühmorgens da
Mein Leib voller süßer Wonne
Und güldene bitcoins im Haar

Thats not a HAIKU  5-7-5   

Yep, clearly isn't. Good poem though.


How's your MS application and whisky tasting going?

I've seen quicker turn around time on bank loans, what's taking them so long!

Big merit is screwing the little guy again!

[LFC_Bitcoin]

I've seen quicker turn around time when r0ach’s Mum gets out of the bath on bank loans, what's taking them so long!

FTFY

[Last of the V8s]

Lines have been crossed down under

Australia is awesome. Feral cats are killing native marsupials like koalas and wallabies, so locals eliminate the invasive species by eating them.

She makes further points which I don't get. Maybe humour?
Cats r good hunters

pls don't eat them

[Biodom]

Im Antlitz der aufgehenden Sonne
Stand ich frühmorgens da
Mein Leib voller süßer Wonne
Und güldene bitcoins im Haar

Nice lyrics

...imagining Rammstein singing it (they make everything sound so 'tough")..  

[realr0ach]

there is no difference between natural and coded scarcity

No difference in real world scarcity and artificial scarcity?  Okay, by your own statement there's no difference between bitcoin and any altcoin - both are "coded scarcity" - so supply is then infinite because there's no overhead to create them and thus no Schelling point.

This is the stupid world of shitcoiners where they just make up random nonsense to try to rationalize using shitcoins over metals.  Then every piece of propaganda they create to try and rationalize the use of digital shitcoins only rationalizes the use of fiat and an infinite number of altcoins too.  So they then backtrack and try to apply nonsensical double standards to attempt to not promote altcoins or fiats with their horrid, illogical arguments.

Put down mein kampf and try to come up with coherent replies.

The reply is perfectly coherent.  If you accept ANY artificial scarcity scam, you're putting forth support for all of them.  Fiat, Bitcoin, Ripple, Ethereum, etc, they're all artificial scarcity scams with no connection to the real world.  All of those scams are in the exact same category whether you like it or not.  You're either pro-physical commodities or pro-artificial scarcity scams.

[El duderino_]

Im Antlitz der aufgehenden Sonne
Stand ich frühmorgens da
Mein Leib voller süßer Wonne
Und güldene bitcoins im Haar

Thats not a HAIKU  5-7-5   

Yep, clearly isn't. Good poem though.


How's your MS application and whisky tasting going?

MS still pending (no news received), but very many members supporting it so I hope it Will be Given to me, time will tell

Whiskey had a short brake the last few times I was out for dinner, but it takes time probably gonna try Some one of the next times....

[Last of the V8s]

[realr0ach]

You'll need a few months of good quality posts to get a hat.

[UnDerDoG81]

I plan selling 50% of my Bitcoins. Was thinking to do that @$50k per coin. What do you guys think? Hold a bit longer and see where it goes?

[El duderino_]

^^
And back in your basement I see
Keep up the good work r0ach, don't buy BTC, apply for a WO-member waiter job in a foreseeable future....

[realr0ach]

You mean France, that one nation controlled by a Rothschild puppet Macron?  Gee, I wonder why a nation controlled by a Rothschild puppet would be trying to force people to use  digital shitcoins instead of physical metals.  It couldn't possibly mean the bankers want to force you into a cashless society slavery system.

[El duderino_]

I plan selling 50% of my Bitcoins. Was thinking to do that @$50k per coin. What do you guys think? Hold a bit longer and see where it goes?

Whatever you do, don't sell them as r0ach did for 700$ a coin      
50% is maybe a lot to sell from a stack of coins, depending what you wanna do but I will HODL much more of my total percentage of HODL-stack