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

[tranthidung]

Hi WO gang,

Today I'd present you the visual plots of bitcoin price and percent of difference of transaction fees. For details, please visit the thread. Enjoy!

People are forced to accept higher fees with bitcoin increase or they accepted it from their own sides.

In 2020

• Median of transaction is $2.3 per kb, with the interquartile range is $1.2 to $4.9.
• In October: median is $5.1 per kb, with the interquartile range is $3.7 to $7.0. It means most of impatient people are paying more fees (more than 179%) in this month. It is the third highest month in 2020, just behind May and August.
• Fee (reflects in fee difference) usually increases with bitcoin rises. I guess the reasons can be selling forces are dominantly from people who have available BTC on exchanges with BTC falls (investors hold in this case). In contrast, more investors will accept high fee and move their BTC from personal wallets to exchange wallets to cash out with BTC rises.

In 2020

• median: Median of fee per kb (in USD) by each date
• median_y: Median of fee per kb (in USD) for the whole year 2020 so far
• fee_dif = median - median_y.
• fee_difpc = (median - median_y)/median*100.

In the plot, the median_y value is presented by a red horizontal line.

Bitcoin price and fee difference (in %)

• In plots, I used multipliers for fee_difpc variables simply to make more visually comparative.
• Median: calculated as same as above
• Median_y: calculated for specific period: 2020 only or from 2019 to 2020.

[1611832584]

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[1611832584]

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[1611832584]

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[Phil_S]

[Karartma1]

How can one not love bitcoin? Look how beautiful that green line is: its unpredictability and readiness to jump over the sky is beautiful.
Gold and silver? Look at them, boring.

[psycodad]

In other news, remember the WinNuke or Ping of Death from the last millennium?

Microsoft has upgraded it to IPv6...:

...
A remote code execution vulnerability exists when the Windows TCP/IP stack improperly handles ICMPv6 Router Advertisement packets. An attacker who successfully exploited this vulnerability could gain the ability to execute code on the target server or client.

To exploit this vulnerability, an attacker would have to send specially crafted ICMPv6 Router Advertisement packets to a remote Windows computer.

The update addresses the vulnerability by correcting how the Windows TCP/IP stack handles ICMPv6 Router Advertisement packets.
...

* psycodad is still sure Microsoft could easily outperform Dyson with things that suck hard

[NeuroticFish]

Gold and silver? Look at them, boring.

Some do love it to be boring. Not everybody can stand the days when a simple look at the market does more than drinking one RedBull.  
Bitcoin-as-investment, however wonderfully goes to the sky sometimes, is clearly not for everybody.

[Arriemoller]

Well..
That was a ride

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least.

Cue the tv meteorologists drawing a penis on the weather map gif...

Not a gif. but a character from early 80s making fun of a Swedish weather presenter that was extremely nervous in her first appearances on TV.

https://www.youtube.com/watch?v=pcf9szTNTbs

He made short comedic bits that was shown in between programs on TV when I was young.

Like this one https://www.youtube.com/watch?v=ma_yIWQEqWk

and this one https://www.youtube.com/watch?v=85VyYYzvRrU

[Paashaas]

Schnorr and Taproot Upgrade Proposal Merged Into Bitcoin Core.

The implementation of the Schnorr/Taproot consensus rules has been merged into Bitcoin Core. However, the upgrade's activation method has yet to be determined.

The pull request was originally created by Bitcoin Core contributor Pieter Wuille on September 13th and has gone through extensive review and testing over the past month. Over 150 developers also participated in a 7-week review club for the proposal which was led by Anthony Towns back in November of 2019.

This upgrade has been highly anticipated due to its potential to increase Bitcoin’s smart contract capabilities while simultaneously benefiting its transactional privacy.

[Karartma1]

Schnorr and Taproot Upgrade Proposal Merged Into Bitcoin Core.

The implementation of the Schnorr/Taproot consensus rules has been merged into Bitcoin Core. However, the upgrade's activation method has yet to be determined.

The pull request was originally created by Bitcoin Core contributor Pieter Wuille on September 13th and has gone through extensive review and testing over the past month. Over 150 developers also participated in a 7-week review club for the proposal which was led by Anthony Towns back in November of 2019.

This upgrade has been highly anticipated due to its potential to increase Bitcoin’s smart contract capabilities while simultaneously benefiting its transactional privacy.

God save us from any upgrade's activation method debate! I am not ready for a segwit, no2x, big block kind of drama now. We have other things to do. 

[onecall123]

Well..
That was a ride

Weird when you see it jump like a Mofo then it goes back to when you came in to the chart.
Then most disappointing feeling to say the least.

I'm in the same boat buddy! It's all clueless.... 

[cAPSLOCK]

re:dumpenings and silly bear domination gifs

No.

Its my belief that bitcoin is still at the beginning of a exponential s-curve adoption phase. I think selling only what is necessary at this point is probably a good idea for most.

Now is the time for accumulation. This is the way.

MSPAINT.exe Agrees with you 100%!

[yslyv]

Will PlanB's model keep working or not? Looks like he struggled so much to find out this S2F model that matching with bitcoin price. But acuracy is easy for such model till 2020 that price is max around 10 - 12k. But lets see if it will keep working fine and bitcoin will push till 100k usd next year   

[Paashaas]

Schnorr and Taproot Upgrade Proposal Merged Into Bitcoin Core.

The implementation of the Schnorr/Taproot consensus rules has been merged into Bitcoin Core. However, the upgrade's activation method has yet to be determined.

The pull request was originally created by Bitcoin Core contributor Pieter Wuille on September 13th and has gone through extensive review and testing over the past month. Over 150 developers also participated in a 7-week review club for the proposal which was led by Anthony Towns back in November of 2019.

This upgrade has been highly anticipated due to its potential to increase Bitcoin’s smart contract capabilities while simultaneously benefiting its transactional privacy.

God save us from any upgrade's activation method debate! I am not ready for a segwit, no2x, big block kind of drama now. We have other things to do. 

I don't see any form of resistance so it will be much easier to get consensus for this than segwit, expect activation to take some months ore even spring 2021.

https://en.bitcoin.it/wiki/Taproot_activation_proposals

[Krubster]

The MtGox Rehabilitation Trustee delayed the deadline for another 2 months.

October 15, 2020

To whom it may concern:

Rehabilitation Debtor: MTGOX Co., Ltd.
Rehabilitation Trustee: Nobuaki Kobayashi, Attorney-at-law

Announcement of Order to Change Submission Deadline for Rehabilitation Plan

The Rehabilitation Trustee is currently formulating the rehabilitation plan, but as there are matters that require closer examination with regard to the rehabilitation plan, it has become necessary to extend the submission deadline for the rehabilitation plan. In light of the foregoing, the Rehabilitation Trustee filed a motion to seek an extension of the submission deadline of the rehabilitation plan at the Tokyo District Court, and, on October 14, 2020, the Tokyo District Court issued an order to extend the submission deadline for the rehabilitation plan to December 15, 2020.

https://www.mtgox.com/img/pdf/20201015_announcement_en.pdf

It only got delayed 2 months this time. I'm cautiously optimistic.

[Toxic2040]

morning snap shots


#dyor


6h


12h


3D

#stronghands

[VB1001]

Bitcoin Optech Newsletter #119

This week’s newsletter relays a security warning for LND users, summarizes discussion about LN upfront payments, describes a mailing list thread about updating bech32 addresses for taproot, and links to an updated proposal for an alternative way to secure LN payments. Also included are our regular sections with summaries of a Bitcoin Core PR Review Club meeting, releases and release candidates, and notable changes to popular Bitcoin infrastructure software.

https://bitcoinops.org/en/newsletters/2020/10/14/

[BlackHatCoiner]

[yefi]

It only got delayed 2 months this time. I'm cautiously optimistic.

You wanna be cautiously pessimistic. Even if it does get submitted it's a moot point until the Coinlab claim is settled.

[cAPSLOCK]

Ima jus leave this here...

[Last of the V8s]

[Krubster]

It only got delayed 2 months this time. I'm cautiously optimistic.

You wanna be cautiously pessimistic. Even if it does get submitted it's a moot point until the Coinlab claim is settled.

Well, CoinLab and Peter Vessenes can go f*ck themself. Their claim is ridiculous and their attempt to rob the rest of us creditors is outrageous.

Me being slightly optimistic is because of the recent progress. For a very long time, I considered those coins lost. But now I think I might just see some of those coins one day.

I realize that even if the plan gets submitted it won't be the end of this, but at least it will be one step closer to the end.