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

[HairyMaclairy]

Well, that's your opinion and you are entitled to it.

But that's not the current direction of development. 

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[realr0ach]

Wait, so Bitcoin has 'developers' that can play God and alter my digital shitcoins in ways that I don't want?  What happens when the developer does this to my physical metals??? Oh wait....they can't!  Which is one reason metals are money and Bitcoin isn't.

[Globb0]

Now you are starting to make sense $10k/head is definitely doable and mic did the math pretty perfectly $300-400k can buy pretty much anything you'd ask in a party. (not beyonce sorry)

*I am still OK with the second option, drinking Beer . Don't like to get dressed for parties.

Those 10k tickets are only $845 if you buy it today and leave it in escrow  

All fine, but still if you buy and just keep it asside and manage yourself? Until the time is there?
Whatever I have the same thought to who wants to participate just buy now a .1 btc or something so later on there Will be NO problems most likely it even Will be cheaper as 10K a person......

0.08x  

[Ibian]

Afaik transaction malleability breaks LN.  So Segwit is necessary for LN as it fixes transaction malleability.  Also BIP 114 for MAST requires Segwit.

I think that the malleability bug is separate from the segwit. I think segwit required the fix in order to work. So segwit in on itself is not required for LN.



One advantage of segwit are reduced orphaned blocks, as the small header is sent separately and prior to the transaction data to other miners. The quicker transmission time reduces the chances two blocks are mined at the same time.
Another is simply a more efficient use of space. More tx's per Kb.

That's what I understand, anyway.

My understanding is that tx malleability shifts the tx id, which means the locked coins cannot be validly spent. So segwit is a dependency for LN.  

Edit:  this post explains it better than I could:  http://cowpig.github.io/bitcoin/cryptocurrency/2017/06/24/Segwit-and-Lightning-Network/

Ah, ok. So Segwit IS the bugfix. thought they were separate.

Why would people want to used these shitcoin forks with bugs in them?
Crazy.

Yeah dont worry about those guys.  They are still trying to convince people that 0 conf transactions are safe.

They are. I routinely use them when dealing with people in-person. Never had a problem.

[HairyMaclairy]

Have you turned into some sort of BCH shill while I wasn't watching?

[Ibian]

Have you turned into some sort of BCH shill while I wasn't watching?

People have been accusing me of that for what is it years now? Maybe get your eyesight checked.

[dyask]

Wait, so Bitcoin has 'developers' that can play God and alter my digital shitcoins in ways that I don't want?  What happens when the developer does this to my physical metals??? Oh wait....they can't!  Which is one reason metals are money and Bitcoin isn't.

Well both are water proof but I sure wouldn't want to swim with very much metal.   The time for metals to be a store of value is quickly passing.

[HairyMaclairy]

No thanks Roach.  I have my steak rare not well done with ketchup. 

[realr0ach]

Wait, so Bitcoin has 'developers' that can play God and alter my digital shitcoins in ways that I don't want?  What happens when the developer does this to my physical metals??? Oh wait....they can't!  Which is one reason metals are money and Bitcoin isn't.

Well both are water proof but I sure wouldn't want to swim with very much metal.   The time for metals to be a store of value is quickly passing.

Nice try, Larry Summers.  Kind of easy to spot the kike shills nowadays when they claim metals are a "barbarous relic".  The last time they made the barbarous relic claim they went up 10x shortly after.  Gold price when this "barbarous relic" paper was posted?  Around $200:

https://www.nber.org/papers/w6436

[El duderino_]

Thx XhomerX for the NEW HAT for our journey into the 9K’s love it!!!!

*uploading

[El duderino_]

via Imgflip Meme Generator

Awesome !!!!

[Ibian]

The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.

[realr0ach]

The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.

Get off the drugs.  It's far easier for the state to make Bitcoin unusable than metals.  And confiscating metals is even less feasible than confiscating guns.  Even Shlomo Nakamoto says Bitcoin is useless vs state actors.

[Ibian]

The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.

Get off the drugs.  It's far easier for the state to make Bitcoin unusable than metals.  And confiscating metals is even less feasible than confiscating guns.  Even Shlomo Nakamoto says Bitcoin is useless vs state actors.

Then you don't understand the tech, or politics, or both. Bitcoin is global. Somewhere is going to be fine with it, even if your local corner of the world ain't. And if you are not willing to leave a soviet-level state, then that's entirely on you.

[realr0ach]

The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.

Get off the drugs.  It's far easier for the state to make Bitcoin unusable than metals.  And confiscating metals is even less feasible than confiscating guns.  Even Shlomo Nakamoto says Bitcoin is useless vs state actors.

Then you don't understand the tech, or politics, or both. Bitcoin is global. Somewhere is going to be fine with it, even if your local corner of the world ain't. And if you are not willing to leave a soviet-level state, then that's entirely on you.

Because it's so useful if the G7 or G20 banned Bitcoin but someone in North Korea has a 486 with the magical ledger of imaginary, valueless tokens on it!  The state can easily destroy and prevent the use of Bitcoin because running a police state in the digital world is cheap and cost effective (see Facebook, Twitter, the nation of China) while running a police state in the physical world requires orders of magnitude more resources.  Pretending it's harder to stop Bitcoin than metals is a flat out lie.  They require the govt's own infrastructure to even work at all.

[LFC_Bitcoin]

Wait, so Bitcoin has 'developers' that can play God and alter my digital shitcoins in ways that I don't want?  What happens when the developer does this to my physical metals??? Oh wait....they can't!  Which is one reason metals are money and Bitcoin isn't.

Have you ever bought anything with physical silver or good?
Metals were used as money hundreds of years ago. Physical metals are primarily a store of value now.

Imagine going into a grocery store & trying to buy stuff with silver
That will never change in our lifetime.

[El duderino_]

Wait, so Bitcoin has 'developers' that can play God and alter my digital shitcoins in ways that I don't want?  What happens when the developer does this to my physical metals??? Oh wait....they can't!  Which is one reason metals are money and Bitcoin isn't.

Have you ever bought anything with physical silver or good?
Metals were used as money hundreds of years ago. Physical metals are primarily a store of value now.

Imagine going into a grocery store & trying to buy stuff with silver
That will never change in our lifetime.

As Will never ever change, you can’t cut silver in instant small pieces to pay and change or whatever, BTC of-course all is possible with

[gappie]

Actually 2011 vintage, but who is counting.

Congrats on hitting that Jr. Member Milestone!

Try for full member by 100k plz

2011.  Nice.   Care to share your Bitcoin genesis story?  How did you hear about BTC in 2011?

To be completely honest, I can't remember exactly! I wish I could remember on what day and how I heard of it first. I know it must have been on the Internet, but I also recall seeing some news segment on cnn tech show possibly around there. I went straight into research mode and bought my first soon after using PayPal. Got scammed on my first attempt and almost gave up. In my country the only option was PayPal and the otc market on bitcointalk.

[Last of the V8s]

... numerous people shilling FOR Bitcoin like Last of the V8s and the Popescu cult all believe the segwit coins will become anyone can spend and anyone using a segwit address will lose everything?  ...

I've never said this.
 'anyonecanspend' means even a non-segwit node can spend, if they have the valid signature.

[Phil_S]

The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.

Yep:

https://bitcointalk.org/index.php?topic=178336.msg49462057#msg49462057