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Question: How much of your corn do you plan on cashing out in the next massive bull run?
None - 19 (19.4%)
1-10% - 11 (11.2%)
11-20% - 12 (12.2%)
21-30% - 15 (15.3%)
31-40% - 4 (4.1%)
41-50% - 10 (10.2%)
51-60% - 8 (8.2%)
61-70% - 5 (5.1%)
71-80% - 3 (3.1%)
81-90% - 2 (2%)
91-99% - 1 (1%)
100% - 8 (8.2%)
Total Voters: 98

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21781061 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. (147 posts by 36 users deleted.)
JayJuanGee
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June 03, 2019, 07:44:58 AM

Can any of the segwit shills explain why segwit is better than a simple blocksize increase? Never seen anyone even try, and until such time I continue to maintain that segwit was a mistake.

If you spent a lot of time studying the matter and cannot figure it out, after more than 2 years of battling about, then perhaps no one has time to 'splain it to you?
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June 03, 2019, 07:46:23 AM

Can any of the segwit shills explain why segwit is better than a simple blocksize increase? Never seen anyone even try, and until such time I continue to maintain that segwit was a mistake.
I have no idea why it is useful but I refuse to admit it.
Yes. We know.
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June 03, 2019, 07:46:45 AM

Indeed my math did suck yesterday, gonna try again...

Damn 91,568$ until the 100,000K party

goodmorning WO-members F*** 6 pages or something ... had a quick look on my phone and damn XhomerX was being productive Cheesy Nice HATs!!!!

That's more like it --- causing the distance to have become much closer, too.    Wink Wink
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June 03, 2019, 07:46:46 AM

JayJuanGee & Trollgoossens, since you're very slow on the uptake, what is your opinion of the fact that 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 find this idea pretty hilarious myself since if it actually does occur, most users and exchanges would probably be affected, the price would go to zero, and probably nobody would ever touch Bitcoin again.  But that is how dumb Bitcoin shills are in 2019.  They believe this cataclysmic event actually will occur, yet they are still "bullish" because they're not using a segwit address.
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June 03, 2019, 07:47:19 AM

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 Grin. Don't like to get dressed for parties.

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



All fine, but still if you buy and just keep it asside and manage yourself? Until the time is there? Smiley
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......
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June 03, 2019, 07:48:26 AM

Indeed my math did suck yesterday, gonna try again...

Damn 91,568$ until the 100,000K party

goodmorning WO-members F*** 6 pages or something ... had a quick look on my phone and damn XhomerX was being productive Cheesy Nice HATs!!!!

That's more like it --- causing the distance to have become much closer, too.    Wink Wink

I couldn’t belief I wrote that, Then again I saw the sangria PIC  Undecided
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June 03, 2019, 07:52:23 AM

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 Grin. Don't like to get dressed for parties.

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



It will be a great party but hard to justify $10k for one person for one night.  I don't give a shit about Cristal (I doubt anyone here could tell the difference from bog standard Moet) and strippers don't cost $5k.      
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June 03, 2019, 07:56:40 AM

And what is the practical use of LN?
Cheap small transactions and fast confirmations! I've recently installed a LN-wallet, and I already made more transactions on LN than I made on Bitcoin in at least a year.
It makes small payments possible again, such as sending 0.0001 BTC with 0.0000000202 BTC fee.

I'm okay with paying a high fee for a big transaction, but I'd love to be able to use Bitcoin for small transactions too. LN allows much more users to actually use it, as 7 transactions per second can't scale up.
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June 03, 2019, 07:59:37 AM

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

Meanwhile roach confuses LN and Liquid.



Nope, u could impl LN also on BSV Wink

 I don't think BSV has LN?

Correct - it doesn't Need it, but it's technically doable proven by e.g. Ryan X Charles et al

LN or netting processing might be done by banks later...
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June 03, 2019, 08:00:02 AM

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.
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June 03, 2019, 08:00:28 AM

Can any of the segwit shills explain why segwit is better than a simple blocksize increase? Never seen anyone even try, and until such time I continue to maintain that segwit was a mistake.
I have no idea why it is useful but I refuse to admit it.
Yes. We know.

That's not what I said, diptwat.

You have been a member of this forum before I even started buying bitcoin, so presumably you have had time to attempt to figure why the fuck we have segregated witness.

However, if you don't really know what the fuck segregated witness is, or what it is for, then don't worry your sweet little head about it.

The main point is that there are technical people who understand bitcoin, and they can take care of all the matters for you, and the main point is that bitcoin is at least 8x greater price than when you entered the forum, and you have had many opportunities to invest into bitcoin and to make a pretty damned decent profit, in the past nearly 6 years, so hopefully, you at least can appreciate that angle of it.

But instead if you want to just circulate posts about how you do not understand anything related to bitcoin, then why the fuck don't you get out of bitcoin and go join one of the shitcoin projects.

I do believe that you really don't need to know everything in bitcoin in order to understand that bitcoin continues to be the one that has the network effects, but if you are filled with doubt and you would feel better to put your money into some other project, then go for it.  That's your choice.  I personally believe those other crypto coins are a waste of time and they don't even come close to holding a light to bitcoin, but hey, that's just my opinion man, and let's see how far it gets me in the coming years (even while it seems to have already made me quite decently rich, I really have not lost confidence in bitcoin's ability to continue to reward me for sticking with it, in spite of my unwillingness to feed seemingly lazy people who ask dumb and seemingly repeatedly answered basic questions, like you).
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June 03, 2019, 08:01:44 AM

And what is the practical use of LN? Why is LN "necessary"? And what even is MAST?

Personally I think the jury is still out on LN.  I think there will be a wave of competing second layer solutions of which LN, RSK and Liquid are just the start.  

But decentralised instant Bitcoin transfers are pretty handy.  Particularly because you don't want those coffee purchases clogging up the main chain.

As for MAST - Bitcoin already uses merkle trees.  A block is just a collection of transactions in a merkle tree format.  MAST is a twist on the idea:  Merklized Abstract Syntax Trees.  Basically MAST allows for complex scripts to be appended to the Bitcoin blockchain with just a tiny proof recorded on the blockchain, so the vast majority of the script sits offchain, creating the ability to create Bitcoin smart contracts which are largely offchain.  And because they are off-chain, they are private.      
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June 03, 2019, 08:04:13 AM

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/
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June 03, 2019, 08:07:05 AM

JayJuanGee & Trollgoossens, since you're very slow on the uptake, what is your opinion of the fact that 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 find this idea pretty hilarious myself since if it actually does occur, most users and exchanges would probably be affected, the price would go to zero, and probably nobody would ever touch Bitcoin again.  But that is how dumb Bitcoin shills are in 2019.  They believe this cataclysmic event actually will occur, yet they are still "bullish" because they're not using a segwit address.

I did not buy into those scenarios about the orphaning off of segwit or whatever that pie in the sky dumb scenario... .. so if some peeps believe it and they want to continue to refrain from using seg wit, then that is their choice.

I would imagine with the passage of time, there are going to be fewer and fewer of those peeps abstaining from segwit, and surely the more peeps who use segwit, then the less likely their pie in the sky scenario would have any kind of meaningful foundation to be carried out...

So, the fact of the matter seems to be that with the passage of time, segwit is increasing usage and adoption, so, like I already mentioned, I kind of expect that with the passage of time, those fears of legacy BTC forking away from segwit will die out.
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June 03, 2019, 08:07:34 AM

Comically bad shilling for the Rube Goldberg machine, Larry Summers Lightning Network

I suggest everyone in this thread to read this post right this second concerning Lightning Network.  This is actually supposed to be a PRO-LN post, yet it comes off as just a comically dysfunctional Rubix cube that looks like something Comedy Central would post as a joke:

https://blog.muun.com/the-inbound-capacity-problem-in-the-lightning-network/

The idea that garbage could be in ANY WAY useful or usable at all for end users is outrageous.  And the post even inadvertently shows you why LN is designed to completely centralize where all your transactions will be routed through a single permissioned bank.  I LAUGH IN THE FACE of anyone that claims this is "the future".  The future of dystopia maybe.
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June 03, 2019, 08:15:22 AM

I've registered in 02/Dec/2013

If I had put $100 on BTC weekly since that day, I would have had $382,017.68 in my BTC account now. (44btc) Feelssadman.
https://calculator.for-bitcoin.com/?amount=100.00&freq=week&month=December&day=02&year=2013

DCA really works.
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June 03, 2019, 08:15:58 AM

Comically bad shilling for the Rube Goldberg machine, Larry Summers Lightning Network

I suggest everyone in this thread to read this post right this second concerning Lightning Network.  This is actually supposed to be a PRO-LN post, yet it comes off as just a comically dysfunctional Rubix cube that looks like something Comedy Central would post as a joke:

https://blog.muun.com/the-inbound-capacity-problem-in-the-lightning-network/

The idea that garbage could be in ANY WAY useful or usable at all for end users is outrageous.  And the post even inadvertently shows you why LN is designed to completely centralize where all your transactions will be routed through a single permissioned bank.  I LAUGH IN THE FACE of anyone that claims this is "the future".  The future of dystopia maybe.

Well, many of us laugh in the face of your PM pumping.

Don't get so caught up on one little topic, because bitcoin has options.   Currently, lightning is very test phase and smaller transactions, but if you want to move $10million (if any of us were to have that amount - but the amount could be more or less, too) anywhere in the world without asking permission or even not disclosing your $10million transaction to anyone what you are doing, then you can move it on bitcoin's main chain.  Try doing that with any pm or even dollars, you nincompoop!!!!
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June 03, 2019, 08:21:50 AM

JayJuanGee, stop trying to downplay the fact that all or the majority of BTC's eggs have been placed in this basket called LN and as I just showed you, it's complete garbage.
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June 03, 2019, 08:22:47 AM

Assuming that article is true (I am not in a position to evaluate that at the moment):

1.  If I am buying coffee I don't need inbound capacity

2.  If I am buying coffee, I don't give a shit if its on a centralised solution.  I can use my exchange's lightning routing.  I have £40 on an Oyster card.  I can afford £10 on a coffee card.

If you can't afford to risk £10 on a coffee card then you should stick to Folgers
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June 03, 2019, 08:24:03 AM

JayJuanGee, stop trying to downplay the fact that all or the majority of BTC's eggs have been placed in this basket called LN and as I just showed you, it's complete garbage.

as the entire BS 'feature' realm has ... but nobody cares and does due dilligence - but PoSM only
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