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Question: Did we reach the bottom already?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25877497 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.)
SuperTA
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September 08, 2019, 02:12:45 PM
Last edit: September 08, 2019, 02:23:02 PM by SuperTA
Merited by Dabs (3)

WO September Statistics (From Sep 1 to Sep 7)

Top 10 Most Generous Merit Givers (WO)

Dabs 96
micgoossens 45
Globb0 40
JayJuanGee 39
SuperTA 27
LFC_Bitcoin 25
Wilhelm 20
mindrust 20
makrospex 18
VB1001 13

Here is the top list from the active WO members (From Sep 1 to Sep 7 (time when i posted my previous list))  Smiley
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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bkbirge
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September 08, 2019, 02:14:10 PM

Here's a plot showing the 10btc address rise metric, from https://decrypt.co/8921/number-bitcoin-addresses-bitcoins-reaches, which says there are now 157000 wallets with at least 10 btc, and 614500 addresses between 1 and 10,...
Negotiation
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September 08, 2019, 02:17:39 PM

@100trillionUSD

Stock to flow and #bitcoin price are cointegrated

Cointegration is completely different from correlation

Great video explaining cointegration & correlation:
https://youtube.com/watch?v=MlPX6WnGBxE
Source: https://twitter.com/100trillionUSD/status/1170701620751065095
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September 08, 2019, 02:20:00 PM

Some of you may get a kick out of this article...

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Of course, technical analysis sometimes seems to work, says Janny Kul, who crunched the numbers on hundreds of TA research papers. Likewise, a coin flipped several times might yield five heads in a row. But falsely assuming that the coin’s past landings affect the probability of its future landings is wrongheaded. Indeed, the fallacy even has a name—“statistical independence.”
https://decrypt.co/9002/technical-analysis-the-art-of-wrongly-predicting-the-future
jojo69
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September 08, 2019, 02:28:59 PM
Merited by HairyMaclairy (1)

If you drop a small steel nut onto a polished concrete floor from a height of 8 feet how far can it go?

you have just described a recipe for transdimensional travel...good luck

Found it.  28 feet away against the wall.  Under a rubbish bin.

No, I believe what you have now is referred to as a "faerie nut"  beware using that in any critical applications.
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September 08, 2019, 02:38:22 PM

Here is the top list from the active WO members (From Sep 1 to Sep 7 (time when i posted my previous list))  Smiley

Wall Observer top an another merited people you buddy. Merit 210 now.
SuperTA
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September 08, 2019, 02:44:03 PM
Last edit: September 08, 2019, 02:58:05 PM by SuperTA
Merited by jbreher (5), El duderino_ (1)

Here is the top list from the active WO members (From Sep 1 to Sep 7 (time when i posted my previous list))  Smiley

Wall Observer top an another merited people you buddy. Merit 210 now.

Thank you. But i noticed the top 2 users don't appreciate it much. I never got any merit from the top 2 users for any of my charts or bitcoin discussion. And i publish and talk about bitcoin every day. I don't know why? Even for the list where they are the top ones. I even made a stats for both of their local community and nothing. But ok, i understand, everyone has a different taste for charts.  Grin
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September 08, 2019, 02:51:56 PM

"P2P" .. "completely decentralized" .. "no central server or trusted parties"

If you don't really know why this is super important for #bitcoin's success, please study and research until you know the answer. Once you see it, it cannot be unseen!

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Source: https://twitter.com/100trillionUSD/status/1170617831022637056
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No maps for these territories


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September 08, 2019, 03:00:28 PM

Every second there´s some worthy

Cryptocurrency, Ego And Beautiful Women (Blockchain Cruise)

https://www.youtube.com/watch?v=VyClcoLahXU
vroom
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a Cray can run an endless loop in under 4 hours


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September 08, 2019, 03:02:43 PM
Merited by fillippone (1)

Hello WO gang!
As we were caught on aWO statistics spree yesterday, I decided to give my contibution:
WHo's the most committed user to WO?

Who has the most percentage of merits gained on WO?

here are the results.
Users with more than 10 Merits gained on WO sorted for WO merits/total merits.

Code:
1.Rosewater Foundation     100.00% 244
2.vroom                    100.00% 177
3.Arriemoller              100.00% 135
4.Spaceman_Spiff_Original  100.00% 123
5.serveria.com              100.00% 86
6.Cryptoqueeen              100.00% 81
7.BlindMayorBitcorn         100.00% 72
8.pacman7331                100.00% 66
9.rolling                   100.00% 51
10.Ludwig Von               100.00% 48
...


akhjob
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September 08, 2019, 03:14:55 PM
Merited by fillippone (1)


I think someone already clarified that it was related to BTC, a primary telecommunications provider for the Bahamas and the recent hurricane, Dorian.

Edit: Got it. It was vroom.

I have an update on the google trends search spike. It's noticeable that only the search term BTC is spiking but not bitcoin. The region with the most searches is Bahamas, a victim of the hurricane Dorian. BTC stands for Bahamas Telecommunications Company. mystery solved I think.
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September 08, 2019, 03:19:11 PM
Merited by Dabs (3)

Every second there´s some worthy

Cryptocurrency, Ego And Beautiful Women (Blockchain Cruise)

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

I actually liked the answer McAffee gave when asked about his motivation for promoting. I also thought this comment on the vid was hilarious...

Quote
I was on this cruise. I think we may have accidentally got on the wrong ship, as it appeared that we had found ourselves on a tragic beauty queen contest boat. I think the organisers may have greatly underestimated the intelligence of the crypto community. The guys aren't the sort of idiots that would be excited by that calibre of women, the crypto community that I know are highly intelligent, and it really took any sort of soul out of the event and made crypto seem like a seedy greedy lambo loving gold digger drenched hell. I felt like I needed to shower for 3 days afterwards. On a positive note, this is a beautifully made vid! Smiley
akhjob
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September 08, 2019, 03:28:47 PM
Merited by Dabs (2)

If you drop a small steel nut onto a polished concrete floor from a height of 8 feet how far can it go?

It depends on how you drop the nut. Grin
jbreher
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September 08, 2019, 03:29:19 PM

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

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I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol.

By golly, sometimes you almost sound like you wrote it

Nope. It'd be fun to dream about such, but I was heads-down in a different tech field at the time.

Quote
(or was involved at an early stage)...since everything afterwards was "crap".

Well, I did not say that. Let's keep it honest.

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If you did-much respect. Respect even if you did not and just being a bit cranky about later comers like PW re-writing/modifying a "perfect" code.
Does "perfect" code even exist?

Probably not. But after such a breakthrough innovation, which carefully balances concerns across so many independent fields of thought (protocols, economics, sociology, game theory, computer science, software development), why should we be in a hurry to replace it with something else? Especially seeing as the design has not been shown to have any demonstrable flaws? Is it not possible that the mind that was able to balance all these divergent concerns may just have some insight that has escaped the code jockeys to follow?

But more to the point of this twig of the thread, is it not evident that Hairy was trying to ridicule my point that SegWit was not part of the original design? Too bad for HM that, while not explicit as features in the code, the 0.1 implementation fully allowed for such to be built atop it. Without recourse of changing the protocol.
jbreher
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September 08, 2019, 03:37:06 PM

If jbreher uses his intelligence to deceive people

Not at all. At least never intentionally.

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or to to get caught in stupid-ass technical arguments

I guess it takes a self-described technical ignoramus to openly refer to technical arguments as 'stupid-ass'.
jbreher
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September 08, 2019, 03:50:48 PM

How could evidence of personal identity have anything whatsoever to do with evidence of protocol change?

Quote
I'm not sure if you're trolling or trying to be serious.

Back at ya.

See any evidence of SegWit in the white paper? No?

Explicitly in front of your face. Willful dereliction of truthiness.

SegWit was indeed an alteration of the Bitcoin protocol. Undeniably. There is really no way to argue otherwise.

I am pretty confident the white paper doesn’t say anything about Turing completeness, legally enforceable smart contracts, token protocols,  large data storage capability and all the other shit in Bitcoin SV marketing

Yet interestingly, all fully supported in the 0.1 version of the Bitcoin protocol. You know, before the Cripple Rangers took control of the codebase. SegWit, on the other hand...

Funny, eh?

So what's the point you are trying to make?

My mistake.  I couldn't see any evidence of them in the white paper.  Thank you for clarifying that it doesn't matter whether something is mentioned in the whitepaper.

That is not what I said at all. Are you really that blind that you do not see what I am getting at? Even with your introduction of demonstrably flawed sidebars?

The initial implementation of Bitcoin - 0.1 supports all the features you list. Without recourse to explicit enabling code.
The initial implementation of Bitcoin -- and including up to and through the SegWit Omnibus Changeset Release -- did not support SegWit. Neither explicitly nor as an external implementation. Indeed, the implementation of SegWit was predicated on the most egregious change to the Bitcoin protocol ever enacted.
The features you list did not / do not require a change to the Bitcoin protocol.
SegWit did / does require a change to the Bitcoin protocol.

So when you say "it doesn't matter whether something is mentioned in the whitepaper", you're neither right nor wrong. What matters is the protocol itself. SegWit was undeniably a change to that protocol. A rather significant one. Therefore, somewhat 'less Bitcoin-y' -- at least on this axis -- than other implementations which hew to the original.

On the other hand, if some element is decidedly counter to the white paper (chain of digital signatures, anyone?), then that indeed does matter.
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September 08, 2019, 04:02:40 PM

If it was not for Segwit, we would be paying higher fees today, and the network would be slower.

Well, there was another available means of solving these issues.
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Observing No-Coiners.


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September 08, 2019, 04:07:17 PM

This morning at a small local #Bitcoin exchange. Two older Venezuelan women entered and bought #Bitcoin.

I politely asked them why they were buying.

“To protect our families wealth in a money that our government cannot take away from us”

#Bitcoin is peaceful revolution. ✌️

https://twitter.com/ericsavics1/status/1170057142667100160?s=21
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September 08, 2019, 04:09:42 PM

Beecash should cancel tx fees at all if they think txs should be cheap and affordable?

Wrapping a stupid rhetorical talking point inside reductio ad absurdum does not absolve its stupidity.

In the asymptotic case, miners will need to be incentivized through tx fees.
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September 08, 2019, 04:11:14 PM

Only 454,075 Bitcoin will be mined before the halvening.

Do you think that leaves enough for you?

Think again.

CashApp is buying 10% of it for their users.

Grayscale is buying 21% of it for their investors.

Scarcity is kicking in!

https://twitter.com/altcoinsara/status/1170332848617918467?s=21
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