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

[Febo]

Care to explain why?

Caring about the environment is for pussies. You're supposed to eat raw meat and fart diesel fumes if you want to be a right wing Alpha in this day and age. If you want to prove yourself go bleach a coral reef and burn down a rain forest.

He dont care of environment. He care of his electricity. He is producing it for himself. You depend on the country to provide it for you. Who is socialist here? You are.

Future and in soem countries allready a reality is that everyoen will produce electricity and freely trade it with whoever eh wil want. Or donate it to whoever he wil want. And buy it from whoever he will want.   No matter what you socialist will want to tell us!!!

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[El duderino_]

Mic= missing yesterday's DILDO......

besides that, Saturday is here, food and b00z to follow shortly

[Hueristic]

On-chain data can show us how long someone has been holding their Bitcoin before selling

Based on ASOL, the avg coin had been held less than 30 days during the price dip

= the sell off wasn't from long term holders selling their stack

Source @glassnode


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

https://twitter.com/Josh_Rager/status/1177650588735217664

And how does on chain data show coins held on exchanges?


No btc exchange data here and the data they use is dubious at best. Using deposits and withdrawals to determine how long an individual holds a coin on an exchanges wallet is a poor metric.

https://studio.glassnode.com/explorer?

[Hueristic]

Mic= missing yesterday's DILDO......

besides that, Saturday is here, food and b00z to follow shortly

Sounds like a plan! Shouldn't waste another Saturday in front of a screen.

Funny thing is i though it was mid week when i got up this morning!

[El duderino_]

Mic= missing yesterday's DILDO......

besides that, Saturday is here, food and b00z to follow shortly

Sounds like a plan! Shouldn't waste another Saturday in front of a screen.

Funny thing is i though it was mid week when i got up this morning!

Never have had that thought on a Saturday

[Hueristic]

Mic= missing yesterday's DILDO......

besides that, Saturday is here, food and b00z to follow shortly

Sounds like a plan! Shouldn't waste another Saturday in front of a screen.

Funny thing is i though it was mid week when i got up this morning!

Never have had that thought on a Saturday

Don't get old, didn't have the energy to go out last few weeks.

[Last of the V8s]

Don't get old,

rude

[Ibian]

Segwit adoption skyrockets over past week!



https://twitter.com/RedditBTC/status/1177880651292381184?s=20

More people to enjoy their bitcoin transactions much faster and also little bit of reduction in their transaction fee.

What other benefit could we get from adopting to segwit?

Any techies.

Well there is also an increased risk of suddenly losing all your coins.

[Ibian]

How do people die from mental health illnesses if its not suicide?

Stress, depression, traffic accidents from being stressed the fuck out, health issues caused from stress and depression, drinking yourself to death due to stress or depression, suicide due to stress and depression. Basically stress is a killer and depression is a slower and more painful killer.

[nutildah]

Segwit adoption skyrockets over past week!



https://twitter.com/RedditBTC/status/1177880651292381184?s=20

More people to enjoy their bitcoin transactions much faster and also little bit of reduction in their transaction fee.

What other benefit could we get from adopting to segwit?

Any techies.

Well there is also an increased risk of suddenly losing all your coins.

No, there's not. Its never happened. No one has carried out an "anyone can spend" attack because it can't be done.

Mishaps in the past were due to an improper implementation of Segwit by an exchange or wallet, not Segwit itself. The risk now is zero unless you are using deprecated software.

For more on why there's no such thing as an "anyone can spend" attack:

The claim goes roughly like this:

There would be a growing incentive for a 51 % attack as the number of SegWit outputs accumulates. The attack would be to “disable” SegWit, reinterpret SegWit scripts as “anyone-can-spend”, and then steal all SegWit coins.

This was repeated numerous times on Reddit and rehashed by parties like nChain or Bitcoin.com.
A transaction is valid, if nothing in the combined script triggers a failure and the top stack item is non-zero. Scripts are considered as “anyone-can-spend”, if there is no condition attached to be fulfilled for the script execution.

Segregated Witness uses empty scriptSigs (when not using P2SH) and scriptPubKeys that consists of a 1-byte push opcode for 0 to 16, indicating the witness program version, followed by a data push between 2 and 40 bytes for the witness program. The witness program is then interpreted, executed and enforced by Segregated Witness aware software.

Any miner that stops enforcing Segregated Witness rules and starts to create invalid blocks, namely blocks falsely spending coins that require a witness program to be executed, would be partitioned off the network by other miners and users.

But let’s assume the worst case for a moment: 51 % or more of all miners go rogue and start to create invalid blocks by not enforcing Segregated Witness rules. Honest miners would still consider these blocks as invalid and build their own valid chain, but given that they are a minority, at some point they end up as shorter chain.

There would then be two separate chains, one from the rogue miners, and one from the honest miners. They have hard forked and the chains are no longer compatible.

Other participants in the network, in particular full nodes, do not follow the longest chain per se, but the longest chain they consider as valid. Full node users would then also consider the chain from the rogue miners as invalid, and follow the chain of the honest miners, which enforce Segregated Witness rules. Segregated Witness scripts are not vulnerable.

It may be worth to note that nodes running old software, namely software that isn’t Segregated Witness aware, would indeed follow the rogue chain in this scenario. This is expected and inherently the case, given that Segregated Witness is a soft fork.

[BlindMayorBitcorn]

There appears to be a bundle of evidence pointing to the fact that psychiatric drugs shorten life-span generally. Also and more specifically, neuroleptic malignant syndrome caused by antipsychotics, serotonin syndrome caused by antidepressants, etc., can be fatal. I'm guessing then that the deaths caused by mental illness can be attributed to the medications mentally ill people sometimes take. Side effects, if you will.
https://www.psychologytoday.com/ca/blog/science-isnt-golden/201109/full-disclosure-needed-about-psychiatric-drugs-shorten-life

[HairyMaclairy]

CME to launch options on its Bitcoin Futures.  Q1 2020, subject to regulatory approval.

[Ibian]

Segwit adoption skyrockets over past week!



https://twitter.com/RedditBTC/status/1177880651292381184?s=20

More people to enjoy their bitcoin transactions much faster and also little bit of reduction in their transaction fee.

What other benefit could we get from adopting to segwit?

Any techies.

Well there is also an increased risk of suddenly losing all your coins.

No, there's not. Its never happened. No one has carried out an "anyone can spend" attack because it can't be done.

Mishaps in the past were due to an improper implementation of Segwit by an exchange or wallet, not Segwit itself. The risk now is zero unless you are using deprecated software.

For more on why there's no such thing as an "anyone can spend" attack:

The claim goes roughly like this:

There would be a growing incentive for a 51 % attack as the number of SegWit outputs accumulates. The attack would be to “disable” SegWit, reinterpret SegWit scripts as “anyone-can-spend”, and then steal all SegWit coins.

This was repeated numerous times on Reddit and rehashed by parties like nChain or Bitcoin.com.
A transaction is valid, if nothing in the combined script triggers a failure and the top stack item is non-zero. Scripts are considered as “anyone-can-spend”, if there is no condition attached to be fulfilled for the script execution.

Segregated Witness uses empty scriptSigs (when not using P2SH) and scriptPubKeys that consists of a 1-byte push opcode for 0 to 16, indicating the witness program version, followed by a data push between 2 and 40 bytes for the witness program. The witness program is then interpreted, executed and enforced by Segregated Witness aware software.

Any miner that stops enforcing Segregated Witness rules and starts to create invalid blocks, namely blocks falsely spending coins that require a witness program to be executed, would be partitioned off the network by other miners and users.

But let’s assume the worst case for a moment: 51 % or more of all miners go rogue and start to create invalid blocks by not enforcing Segregated Witness rules. Honest miners would still consider these blocks as invalid and build their own valid chain, but given that they are a minority, at some point they end up as shorter chain.

There would then be two separate chains, one from the rogue miners, and one from the honest miners. They have hard forked and the chains are no longer compatible.

Other participants in the network, in particular full nodes, do not follow the longest chain per se, but the longest chain they consider as valid. Full node users would then also consider the chain from the rogue miners as invalid, and follow the chain of the honest miners, which enforce Segregated Witness rules. Segregated Witness scripts are not vulnerable.

It may be worth to note that nodes running old software, namely software that isn’t Segregated Witness aware, would indeed follow the rogue chain in this scenario. This is expected and inherently the case, given that Segregated Witness is a soft fork.

Why is that functionality even there?

[_javi_]

CME to launch options on its Bitcoin Futures.  Q1 2020, subject to regulatory approval.

..growing interest and demand for tools to manage and manipulate bitcoin price...
 

[Lauda]

Why is that functionality even there?

It's there so uneducated people like you can spread FUD. Even a child would understand that anyone-can-spend bullshit attack isn't possible after 2 years of Segwit-related talk.

[mindrust]

I wonder which moron came up with the name "anyone can spend". This sounds like it is from a moron of the past, JonaldFuckface.

[jojo69]

I know it seems bleak Mayor.

hang in there buddy

[BlindMayorBitcorn]

[Ibian]

Why is that functionality even there?

It's there so uneducated people like you can spread FUD. Even a child would understand that anyone-can-spend bullshit attack isn't possible after 2 years of Segwit-related talk.

That's not an answer. Why is it there? What useful function does it serve?

[BlindMayorBitcorn]

Anyone-can-spend: Why am I here? What's my purpose?