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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25459429 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. (157 posts by 13+ users deleted.)
fillippone
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September 25, 2021, 10:01:18 AM
Merited by vapourminer (2), Copetech (2), Paashaas (1), JSRAW (1), aysg76 (1), shahzadafzal (1)

LOL!

https://twitter.com/fillippone1/status/1441702678099341313?s=20

Chinese Government made themselves hodler by law!


Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government
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ChartBuddy
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September 25, 2021, 10:01:26 AM


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aysg76
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September 25, 2021, 10:08:07 AM

LOL!

https://twitter.com/fillippone1/status/1441702678099341313?s=20

Chinese Government made themselves hodler by law!


Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government

The only fools are the panic sellers who sell away at these types of China FUD and weak hands selling off to the strong ones again.

China be like : Ban all the people to hold bitcoin and then accumulate more yourself and gain more in the long run.Same chinese CCP worse policies to curb freedom and profits.
shahzadafzal
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September 25, 2021, 10:10:56 AM

LOL!

https://twitter.com/fillippone1/status/1441702678099341313?s=20

Chinese Government made themselves hodler by law!


Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government


wow that's something people need to keep an eye on...

That'q equivalent to $8,322,404,632.50

I'm sure this is just another way to gobble up more bitcoins.
ChartBuddy
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September 25, 2021, 11:01:27 AM


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Syke
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September 25, 2021, 11:07:55 AM

I don't know... I've never set up a LN node or anything, so I can't have an informed opinion, but the feeling I get by reading about it, is that it looks cool, simple, fast, cheap on the outside, but is quite complicated and messy on the inside. Also, the constant need for pampering the node, in order for it to function properly, is not good. These are not good signs, and I fear that they may cause problems for its future/success. I hope I'm totally wrong on this.

This is an inherent flaw (how big or small it remains to be seen) in LN. Channel usage is somewhat random, so all channels will tend to unbalance. When a channel is balanced, funds can move in both directions. Unbalanced, only one direction. Balancing can be automated but incurs fees that could be significant. If you know the nodes you're connected to, you can manually set your fees to zero and rebalance then set the fees back up. Ideally, this could be automated as it benefits all parties involved.
jcojci
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September 25, 2021, 11:15:34 AM

LOL!

https://twitter.com/fillippone1/status/1441702678099341313?s=20

Chinese Government made themselves hodler by law!


Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government

I can only say AHA LOL Grin
ChartBuddy
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September 25, 2021, 12:01:37 PM


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Copetech
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September 25, 2021, 12:51:17 PM
Last edit: September 25, 2021, 01:05:30 PM by Copetech
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LOL!

https://twitter.com/fillippone1/status/1441702678099341313?s=20

Chinese Government made themselves hodler by law!


Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government


Interesting, but this chart on KevinRook.com (or whatever it is) is squirrely in multiple ways. (Maybe just outdated?) A few points I noted,
1) It's valuing BTC at about $55k (mental math estimates)
2) El Salvador's 700BTC is not on the list
3) Saylor's MicroStrategy BTC stash is higher than US governments in BTC but lower in $$ value?
4) At the bottom of the list is Elon Musk with 0.25BTC (cute, but probably not accurate)
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September 25, 2021, 01:01:27 PM


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shahzadafzal
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September 25, 2021, 01:03:31 PM




This is so sad he’s one of the top TV journalist in Pakistan with 4.4m Twitter followers.

They don’t do any R&D by themselves just Google and read whatever crap available online on the first page and start giving suggestions to governments.

These so called journalists behave like they are experts of every thing whatever the hot topic on circulation. During pandemic they were experts of Corona Virus and vaccination then when recent Afghanistan was in news they were war experts of Taliban and think tanks or policy makers of Afghanistan. Now this Chinese FUD and they are cashing in with their financial advices… Tongue…!!!
fr4nkthetank
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Now the money is free, and so the people will be


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September 25, 2021, 01:07:25 PM

"precious forex" wow.   Maybe implement sensible monetary policy at the central bank level, instead of running it to favor the rich elite's (army) businesses you dumb fucks ?  Have fun with your 10%+ inflation rates
Torque
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September 25, 2021, 01:47:46 PM
Last edit: September 25, 2021, 08:21:03 PM by Torque

About LN, very interesting posts there, especially the long one by hisslyness (many thanks to him). I also remember Bob's struggle with LN some years back.

I don't know... I've never set up a LN node or anything, so I can't have an informed opinion, but the feeling I get by reading about it, is that it looks cool, simple, fast, cheap on the outside, but is quite complicated and messy on the inside. Also, the constant need for pampering the node, in order for it to function properly, is not good. These are not good signs, and I fear that they may cause problems for its future/success. I hope I'm totally wrong on this.

The whole thing brings back memories of Mike Hearn's blog post where he declares he's abandoning the Bitcoin project, and even jbreher's transaction limit posts here in WO... Don't get me wrong, I'm totally in favor of 2nd-layer solutions for micro-transactions and believe this is the future, but I sense that something may not be quite right (yet) in the current state of affairs in this matter. Just thinking out loud...

Yes, LN has been undergoing ever-increasing rounds of complexity as it seeks to provide what Bitcoin does on-chain off-chain. There are all sorts of caveats, gotchas and pitfalls and the need to settle on-chain introduces some interesting limitations as discussed by Peter Rizun and the scope creep has been quite large also (LN was originally envisioned for micro-transactions). Unfortunately, the censorship initiated by Theymos also removed a lot of the warning voices regarding potential issues with LN from the community and a largely sanitized presentation has prevailed. Hisslyness's post of his experiences is not too unexpected really.

I'm not going to make the obvious argument here because it's not helpful in context. It would be nice if LN could succeed but it seems to be very much an example of second system syndrome.

Agreed. Hopefully it can be salvaged/fixed, or maybe lessons will be learned and a LN 2.0 network can be established in the future.

One thing they absolutely *cannot* do is hold on to a bad model/system that is overly complex and costly, all due to hubris. The promise of LN was supposed to be "fast, easy, zero fee micro transactions."

Otherwise it'll become nothing more than what Ethereum has done. We don't need another broken Rube Goldberg chain with extortionary fees that is continuously gaslighted as "the next greatest crypto thing".
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September 25, 2021, 02:01:27 PM


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Paashaas
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September 25, 2021, 02:01:40 PM
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The Dude back out of forced sleep…. First thing, check the WO

Or almost first thing, maybe after 2,3 calls and a good meal, sober 16hours I think

Was hungry AF

What happened to you?

https://www.hartstichting.nl/hart-en-vaatziekten/behandelingen/ablatie

kind of this thing


I hope you are doing well again after your ablation inspection/treatment, although it has a 90% recover rate.

Maybe consider drinking less alcohol for some time and change your diet in combination with jogging ore more workout in the gym to strengthen your hearth to prevent a possible relapse.

Stay save, treat your body in a healthy manner you have many years to come.
BobLawblaw
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September 25, 2021, 02:11:50 PM

Establishing a couple more channels today, rebalancing a whole bunch of shit, but I think I'm going to stop opening more, for now, providing about 0.1% of the total liquidity on Lightning.

I think that's a respectable enough achievement for a random pleb like me.

Can't go too crazy.

Have a wonderful weekend, brothers (and any lurking sisters)
HI-TEC99
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September 25, 2021, 02:38:02 PM
Last edit: September 25, 2021, 03:57:55 PM by HI-TEC99

Establishing a couple more channels today, rebalancing a whole bunch of shit, but I think I'm going to stop opening more, for now, providing about 0.1% of the total liquidity on Lightning.

I think that's a respectable enough achievement for a random pleb like me.

Can't go too crazy.

Have a wonderful weekend, brothers (and any lurking sisters)

You've been watching idiocracy, judging by you're personal text.

Cryptotourist
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September 25, 2021, 02:56:00 PM


This is so under-merited.
Everyone should really read this. Thank you jojo, everything in one place.
JSRAW
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September 25, 2021, 03:00:09 PM

LOL!

https://twitter.com/fillippone1/status/1441702678099341313?s=20

Chinese Government made themselves hodler by law!


Of course, LOL is referred to my own Twitter loneliness, not the proper Chinese Government

Will give you some likes and 1 new follower once i setup my fake twitter account.
ChartBuddy
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September 25, 2021, 03:01:35 PM


Explanation
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