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Question: When will we see a new ATH?
2023 - 56 (21.5%)
2024 - 105 (40.4%)
2025 - 74 (28.5%)
2026 - 4 (1.5%)
2027 - 2 (0.8%)
After 2027 - 5 (1.9%)
Never - 14 (5.4%)
Total Voters: 260

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26118181 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. (170 posts by 5 users with 9 merit deleted.)
Amateur_
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July 29, 2019, 10:23:19 AM

R U serious?
"Homo Sapiens" is a latin insider joke by evolutionary biologists.

Some people would claim haplogroup M and N (all humans that aren't Africans) are a subspecies of L (Africans), but I would say there's a clear species divergence and M and N are not a subspecies but new species in their own right. Instead of admitting a new species has formed with vastly different traits where one can travel into space while the other is still building mud huts, they try to hand wave it away with SJW nonsense like "guns germs and steel".

Off topic but Alternative Hypothesis has an excellent breakdown of Guns, Germs and Steel on YouTube.
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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realr0ach
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July 29, 2019, 10:30:25 AM

My main problem is that calling white people and Asians (haplogroup N + M) a subspecies of Africans (L) makes zero sense when left to their own devices, most African activity (building mud huts and cannibalism) is virtually identical to thousands of other animals from birds to alligators.  You can't be some revolutionary, breaking the mold creature that does things no other animal does like building nuclear reactors and spaceships while being a lowly 'subspecies'. It would need to be a new species.  The physiological traits also support this idea with things like large difference in bone density, cranium size, reproductive strategy, etc, etc.
El duderino_
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July 29, 2019, 10:51:58 AM

Dammit page 24666  Shocked
Amateur_
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July 29, 2019, 10:52:36 AM

Observing BTC @ 9,499 USD
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July 29, 2019, 10:55:49 AM
Last edit: July 29, 2019, 11:29:05 AM by HairyMaclairy

Blocks are nice and empty at the moment if anyone wants to consolidate.  Just had a 20 sat transaction clear in first block I think.

20 sat/b is way too high for next block inclusion.
Thinking about a post on how to calculate optimal fees and stuff.
Every sat count!
Keeping stacking Satoshi!

I think he meant 20 sat total fee. Mempool is being nearly cleared each block recently.
There is no thing like a 20 sat total fee. Transactions are at least 226 bytes long: at 1 sat/byte this means 226 Satoshi.

EDIT FOR CLARITY: This is not a protocol level limit. 0 sat/tx fees are protocol level valid so actually possible. But as there's no incentive for miners to mine them, I hardly doubt it will be ever mined. Sub 1 sat/byte are also possible, but i THINK many miners set lower bound at 1 sat/byte (coincidentally equal to minimum relay fee): this is to avoid inserting "dust transactions" on their blocks.
So yes, sub 226 satoshi transactions are valid and possible, but very likely not to be mined even with almost empty mempool.
Happy to be proved wrong.

Oh goodness.  I am being shamed for spending $2.65 to send $9,500 half way around the world  Cheesy


Yes I meant 20/sat per byte.  However I failed to realise that my transaction was 1,400 bytes....  Apparently I have been doing some sweeping of my own.  Still a good deal, but perhaps not as good as it could have been.  

Edit:  forgot to account for blockweight as it was a segwit transaction.  So only cost $1.50 fee.
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July 29, 2019, 11:04:51 AM

Blocks are nice and empty at the moment if anyone wants to consolidate.  Just had a 20 sat transaction clear in first block I think.

20 sat/b is way too high for next block inclusion.
Thinking about a post on how to calculate optimal fees and stuff.
Every sat count!
Keeping stacking Satoshi!

I think he meant 20 sat total fee. Mempool is being nearly cleared each block recently.
There is no thing like a 20 sat total fee. Transactions are at least 226 bytes long: at 1 sat/byte this means 226 Satoshi.

EDIT FOR CLARITY: This is not a protocol level limit. 0 sat/tx fees are protocol level valid so actually possible. But as there's no incentive for miners to mine them, I hardly doubt it will be ever mined. Sub 1 sat/byte are also possible, but i THINK many miners set lower bound at 1 sat/byte (coincidentally equal to minimum relay fee): this is to avoid inserting "dust transactions" on their blocks.
So yes, sub 226 satoshi transactions are valid and possible, but very likely not to be mined even with almost empty mempool.
Happy to be proved wrong.

Oh goodness.  I am being shamed for spending $2.65 to send $9,500 half way around the world  Cheesy


Yes I meant 20/sat per byte.  However I failed to realise that my transaction was 1,400 bytes....  Apparently I have been doing some sweeping of my own.  Still a good deal, but perhaps not as good as it could have been.  

When bitcoin will be in the millions, you'll deeply regret not optimising your fees.
Every sat counts!

Anyway, not shaming, just making sure everyone is doing conscious choices!
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July 29, 2019, 11:05:45 AM

Off topic but Alternative Hypothesis has an excellent breakdown of Guns, Germs and Steel on YouTube.

His channel probably has the best video on the internet (no, the video content is absolutely nothing like the title)

A Celebration of the Jewish People

https://www.youtube.com/watch?v=ljMPafQpfDU

Can't wait till they all roast.  It's 100% inevitable now no matter what they do.  Far too many people know.
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July 29, 2019, 11:09:44 AM

Anyway, not shaming, just making sure everyone is doing conscious choices!

Thank you.  You have made me reconsider my fee practices.

If you want to make that post about how to choose fees, please go ahead because I am obviously not following best practice. 
fillippone
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July 29, 2019, 11:15:55 AM
Merited by El duderino_ (3), vapourminer (1), HairyMaclairy (1)

Anyway, not shaming, just making sure everyone is doing conscious choices!

Thank you.  You have made me reconsider my fee practices.

If you want to make that post about how to choose fees, please go ahead because I am obviously not following best practice. 

I found this post:
Bitcoin Transaction Fees - Everything in one

This is pretty good,actually very similar to what I had in mind.
So probably not worth the effort to write a completely new one only to cross some t's and dot some i's.

So, spreading it here as it might be useful to someone!

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nothing to see here


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July 29, 2019, 11:51:52 AM

R U serious?
"Homo Sapiens" is a latin insider joke by evolutionary biologists.

Some people would claim haplogroup M and N (all humans that aren't Africans) are a subspecies of L (Africans), but I would say there's a clear species divergence and M and N are not a subspecies but new species in their own right. Instead of admitting a new species has formed with vastly different traits where one can travel into space while the other is still building mud huts, they try to hand wave it away with SJW nonsense like "guns germs and steel".

I mean the term "sapiens", translated as "wise" (sapient).
This must be a joke and 99,99999% of people on this planet, regardless of genetic origin or "race", are prove enough that this name must be a joke.
If you ever came across "Pan Narrans", which would describe the current development state of humanity most correctly, ihmo.
Woodie
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July 29, 2019, 12:12:42 PM
Last edit: July 29, 2019, 12:24:32 PM by Woodie

Seriously, what the hell is this ? Who would even buy them?


It pains me to say this but believe it or not so many people buy this stuff, possible reason why BTC hasn't gone to the moon!

With so many of these bitcoin copy cats(altcoins) it's likely that people who have never used the real bitcoin(BTC) and just hear about it could be the most likely to buy because they will be blinded by the ridiculous low prices or the manner all the bitcoin are indexed.

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July 29, 2019, 12:30:36 PM

"Pan Narrans"

There was some guy on Zerohedge posting that claimed the gorillas they taught sign language too were scoring higher in intelligence tests than Africans.  Sounds plausible.

https://skeptics.stackexchange.com/questions/32155/does-the-gorilla-koko-have-an-iq-in-the-range-70-95
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July 29, 2019, 01:34:54 PM

Dammit page 24666  Shocked

Observing BTC @ 9,499 USD


Lets hope soon this two numbers will match.
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Still a manic miner


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July 29, 2019, 01:37:42 PM

Are those huge candles up and down caused by some institution testing the market and their tools?

bakkt, is that you??  Roll Eyes
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July 29, 2019, 01:49:24 PM

Dammit page 24666  Shocked

Observing BTC @ 9,499 USD


Lets hope soon this two numbers will match.

As soon as i checked WO, I had a deja-vu with the price at parity too.
I still remember the 10.000 pages fiasco. Dunno who was deleting posts to move the page counter. What a mess it was!


24k USD would be good, but dunno why i rised the bar and the number that would make me smile now is +50k

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July 29, 2019, 02:02:03 PM

Alone at home today...

Just served my lunch in front of the PC and eating while reading WO...

Lots of pages to read, and boy it feels sooo fcuking cool!

Missing r0ach... I absolutely need to have a dose of Schelling Point, Exter's Pyramid, Nash Equilibrium, Kalergi Plan, Daily Stormer... And, oh man, how I really, REALLY need to hear the "designed to centralize" line... Gets me all worked up inside...down there...you know...

Must be the beer...

Sorry guys... HoDL!
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July 29, 2019, 02:36:48 PM


How sophomoric.

There is an objective: unfucken the protocol, returning it to the original version.

For prudence, this is being done in a stepwise manner.

Each step is -- say it with me now class -- progress toward that objective.
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July 29, 2019, 02:36:56 PM

SOPR

ummmm, neat idea...but I'm just not seeing anything useful in the graph...

am I missing something?


https://studio.glassnode.com/metrics?a=BTC&m=valuation.Sopr

Introducing SOPR: spent outputs to predict bitcoin lows and tops

Quote
Introducing the Spent Output Profit Ratio (SOPR)
The SOPR a very simple indicator. It’s calculated from spent outputs. It’s the realized value (USD) divided by the value at creation (USD) of the output. Or simply: price sold / price paid.
When SOPR > 1, it means that the owners of the spent outputs are in profit at the time of the transaction; otherwise, they are at a loss
By plotting the SOPR of all spent outputs combined, aggregated by the day in which they were spent (using blockchain date), the graph can be produced

https://medium.com/unconfiscatable/introducing-sopr-spent-outputs-to-predict-bitcoin-lows-and-tops-ceb4536b3b9



Hi, jojo69 It looks better here.

Quote
When SOPR > 1, it means that the owners of the spent outputs got profit from the operation. Otherwise, losses. The bull market seems to reject SOPR below 1, and the bear market to reject SOPR above 1.


https://twitter.com/renato_shira/status/1121517734574133249
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July 29, 2019, 02:44:19 PM

There is an objective: unfucken the protocol, returning it to the original version.

So the original version called for bitcoin acting as a file and data storage service?
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July 29, 2019, 02:47:55 PM

D-day in Bitfinex trial - Will Bitcoin price react?

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ALL EYES ON MONDAY’S TRIAL OUTCOME

As previously reported by Bitcoinist, the Supreme Court of the State of New York will resume hearing on the case between the NYAG and bitcoin exchange platform Bitfinex on Monday (July 29, 2019).

A negative outcome for iFinex — the parent company of Bitfinex, could potentially open the exchange and Tether up to more lawsuits. The NYAG is accusing Bitfinex of covering up $850 million in client losses.

https://bitcoinist.com/d-day-in-bitfinex-trial-will-bitcoin-price-react/
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