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

[harrymmmm]

how much do signature campaigns work, because if bitcoin takes off even a little and we get newer people im sure it would be worthwhile.

Mine pays 700 micros per post. Restrictions are 1) a limit on the amount of posts, 2) post in the right forums, 3) post must be over a certain minimum size, etc.
I just thought that it was crazy to not take advantage of this when I was posting anyway.
Unfortunately you get lots of people just posting rubbish for the payout (still...you do get lots of people to liven up your forum stats )

[BitcoinIsLiberty]

And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

They could easily add extra priority points for transactions that use sw.

Greg Maxwell aka nullc on reddit https://www.reddit.com/r/Bitcoin/comments/3vurqp/greg_maxwell_capacity_increases_for_the_bitcoin/cxr73g3
They're given priority by having a much lower effective size; meaning they'll be ranked higher for a given amount of fee paid, and thus mined quicker.

[ChartBuddy]

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[suda123]

...
how much do signature campaigns work, because if bitcoin takes off even a little and we get newer people im sure it would be worthwhile.

People live in poor countries, where a couple of bucks a day is real money. Theoretically, one could make that much with just a handful of accounts. This could be supplemented with account farming -- aging accounts by posting, and selling them to other bTC.coin entrepreneurs.

thats actually amazing, I don't even mind it now.

[mavericklm]

Moon? maybe it was time! ~half year before halving!

[ChartBuddy]

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[Cconvert2G36]

To be sure, Blockstreamers only now are coming to realize that an increase of the effective block size limit to 4 MB will have the unexpected and unwelcome consequence of increasing the effective block size limit to 4 MB.

Jesus christ at least get your FUD right.

Fully validating nodes will effectively be moved to 4MB max... something you guys have been fighting and #rekking for many months now. The irony of your gracefully fluid position is lost on most observers, but not all.

So Luke has already proposed to keep the 1 MB limit for the total block size, including the segregated part.

Provide quotes or GTFO.

[–]luke-jrLuke Dashjr - Bitcoin Expert 6 points 2 hours ago
Hmm, problem here is that CPU usage is not the primary bottleneck for block sizes: bandwidth is. And unfortunately, SW doesn't help in the bandwidth area at all. So while I do think we should take this opportunity to get the block size changes softforked in instead of hardforked (buying us a bit more time before a hardfork is required?), it does still need to be gradual and not just 4x at once.
My suggestion is to go based on either BIP 103 or John Sacco's double-the-limit-every-subsidy-halving idea.

Admittedly, he didn't literally say keep 1MB effective max, but if you get 4x from SegWit, you would actually have to soft fork lower on the max block size to keep luke happy. At least that's my reading.    

But they should not worry, since the space savings will only occur if the clients start issuing transactions in the new SW format.  Which will not happen right away, if SW is deployed by soft fork.  And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

No, regular transactions get a 75% bump in space.

Could you explain the math behind the 75% "bump" you state here?

[JayJuanGee]

why no one told me $gbtc closed at 520$ 

That's an amazing price difference between gbtc and regular and real btc, and so far, I have not seen nor read any meaningful explanation regarding why such considerable price difference exists between gbtc and regular and real btc except that people (investors) are so BTC volatility adverse (shy) that they invest in some investment vehicle related to the stock market, gbtc, that they "know" - rather than one that they feel that they do not know, BTC.  h

however, ironically, the ongoing considerable price difference between gbtc and btc seems to create an additional uncertainty regarding the continued price "stability" of gbtc, which to anyone knowledgeable about BTC would rather own real btc rather than the paper imitation shit of gbtc... in spite of apparent arbitrage opportunities.

[Cconvert2G36]

why no one told me $gbtc closed at 520$ 

That's an amazing price difference between gbtc and regular and real btc, and so far, I have not seen nor read any meaningful explanation regarding why such considerable price difference exists between gbtc and regular and real btc except that people (investors) are so BTC volatility adverse (shy) that they invest in some investment vehicle related to the stock market, gbtc, that they "know" - rather than one that they feel that they do not know, BTC.  h

however, ironically, the ongoing considerable price difference between gbtc and btc seems to create an additional uncertainty regarding the continued price "stability" of gbtc, which to anyone knowledgeable about BTC would rather own real btc rather than the paper imitation shit of gbtc... in spite of apparent arbitrage opportunities.

Possibly because it's highly illiquid? And the only way John Q. Public can buy bitcoin "exposure" while logged in to his Schwab account?

The arbitrage opportunities are shit, due to the lock-in of shares in the BIT.

[JayJuanGee]

To be sure, Blockstreamers only now are coming to realize that an increase of the effective block size limit to 4 MB will have the unexpected and unwelcome consequence of increasing the effective block size limit to 4 MB.

Jesus christ at least get your FUD right.

 So Luke has already proposed to keep the 1 MB limit for the total block size, including the segregated part.

Provide quotes or GTFO.

But they should not worry, since the space savings will only occur if the clients start issuing transactions in the new SW format.  Which will not happen right away, if SW is deployed by soft fork.  And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

No, regular transactions get a 75% bump in space.

That's the whole point of "academically neutral" FUD spreading.... obscurity... and still surprising to see, from time to time that some posters give the dufuss some credit....  hahahahaha  paid shill or not, there can be a bit of humor in seeing some of the stupid-ass theories he comes up with in his attempts to describe a world that doesn't really exist.

[notme]

why no one told me $gbtc closed at 520$ 

That's an amazing price difference between gbtc and regular and real btc, and so far, I have not seen nor read any meaningful explanation regarding why such considerable price difference exists between gbtc and regular and real btc except that people (investors) are so BTC volatility adverse (shy) that they invest in some investment vehicle related to the stock market, gbtc, that they "know" - rather than one that they feel that they do not know, BTC.  h

however, ironically, the ongoing considerable price difference between gbtc and btc seems to create an additional uncertainty regarding the continued price "stability" of gbtc, which to anyone knowledgeable about BTC would rather own real btc rather than the paper imitation shit of gbtc... in spite of apparent arbitrage opportunities.

Keep in mind you can hold GBTC in your retirement account.  It is possible to set something up to accomplish the same thing with raw BTC, but it is way more hassle than it is worth unless you have a very large retirement account.

[JayJuanGee]

BTCitcoin officially FULL BULL MODE

[..............snipped gobbledy gook............ from troll]

Are you posting to inflate the members and forum activity in bitcointalk?

I noticed reposters,faucet posters, account sellers, without them bitcoin talk is dead I think. Unless we are still early adopters at some level.

I believe in recent times, there have been additional efforts taken by bitcointalk forum administrators/moderators to nip in the bud some of these ongoing nuisance trolling posts.

Accordingly, if you quote trolls, once they have been determined to be trolls, then it becomes more likely that your post will be deleted along with the varied related troll posts. 

I had a few of my posts deleted, when I did not resist the temptation to quote trolls.

[ChartBuddy]

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[Mervyn_Pumpkinhead]

...

A tip.
If you use too many different font colors and sizes, then your post gets kind of retarded. It's like written by a 8 year old boy, who just discovered these functions of changing font color and size, so he eagerly uses this function everywhere.
One should only use these functions rarely, when there truly is something to emphasize.

[jbreher]

I just thought that it was crazy to not take advantage of this when I was posting anyway.

There is a cost. See _my_ sig.

You too.

[Cconvert2G36]

That's the whole point of "academically neutral" FUD spreading.... obscurity... and still surprising to see, from time to time that some posters give the dufuss some credit....  hahahahaha  paid shill or not, there can be a bit of humor in seeing some of the stupid-ass theories he comes up with in his attempts to describe a world that doesn't really exist.

"The irony of your gracefully fluid position is lost on most observers, but not all."

[JayJuanGee]

why no one told me $gbtc closed at 520$ 

That's an amazing price difference between gbtc and regular and real btc, and so far, I have not seen nor read any meaningful explanation regarding why such considerable price difference exists between gbtc and regular and real btc except that people (investors) are so BTC volatility adverse (shy) that they invest in some investment vehicle related to the stock market, gbtc, that they "know" - rather than one that they feel that they do not know, BTC.  h

however, ironically, the ongoing considerable price difference between gbtc and btc seems to create an additional uncertainty regarding the continued price "stability" of gbtc, which to anyone knowledgeable about BTC would rather own real btc rather than the paper imitation shit of gbtc... in spite of apparent arbitrage opportunities.

Possibly because it's highly illiquid? And the only way John Q. Public can buy bitcoin "exposure" while logged in to his Schwab account?

The arbitrage opportunities are shit, due to the lock-in of shares in the BIT.

Thanks for that further information, which helps my thinking and speculation somewhat.

Accordingly, it's all fine and dandy and easy to get into buying GBTC (buy high) at $520, but you probably have to jump through considerable hoops to get out.

I have seen some of those institutional-type investments that pre-require that the investors have to wait a year before they can get out, which is bullshit when we know that we can easily and quickly buy and sell bitcoins directly with few restrictions.   

So, in essence, when investors ("institutional") are currently buying GBTC for $520 (31% inflated prices) and the direct BTC price is $395, that signifies that the long term (1 year into the future) outlook for BTC by those long term investors is at least $540, which is 4% higher than $520.

in other words, a fairly bullish present/future value indicator.

[JayJuanGee]

why no one told me $gbtc closed at 520$ 

That's an amazing price difference between gbtc and regular and real btc, and so far, I have not seen nor read any meaningful explanation regarding why such considerable price difference exists between gbtc and regular and real btc except that people (investors) are so BTC volatility adverse (shy) that they invest in some investment vehicle related to the stock market, gbtc, that they "know" - rather than one that they feel that they do not know, BTC.  h

however, ironically, the ongoing considerable price difference between gbtc and btc seems to create an additional uncertainty regarding the continued price "stability" of gbtc, which to anyone knowledgeable about BTC would rather own real btc rather than the paper imitation shit of gbtc... in spite of apparent arbitrage opportunities.

Keep in mind you can hold GBTC in your retirement account.  It is possible to set something up to accomplish the same thing with raw BTC, but it is way more hassle than it is worth unless you have a very large retirement account.

O.k.  maybe I was a bit too confused about the abilities of an investor to get in and out of GBTC because a couple months ago, I had communicated with someone regarding GBTC,and I had the impression that he had more flexibility to get in and out of GBTC, but that may have been a mistaken impression.

I do understand that there can be some differences with retirement accounts and abilities to move funds around between eligible investments within
the accounts. 

The whole GBTC price matter still seems very bullish.

[Cconvert2G36]

why no one told me $gbtc closed at 520$ 

That's an amazing price difference between gbtc and regular and real btc, and so far, I have not seen nor read any meaningful explanation regarding why such considerable price difference exists between gbtc and regular and real btc except that people (investors) are so BTC volatility adverse (shy) that they invest in some investment vehicle related to the stock market, gbtc, that they "know" - rather than one that they feel that they do not know, BTC.  h

however, ironically, the ongoing considerable price difference between gbtc and btc seems to create an additional uncertainty regarding the continued price "stability" of gbtc, which to anyone knowledgeable about BTC would rather own real btc rather than the paper imitation shit of gbtc... in spite of apparent arbitrage opportunities.

Possibly because it's highly illiquid? And the only way John Q. Public can buy bitcoin "exposure" while logged in to his Schwab account?

The arbitrage opportunities are shit, due to the lock-in of shares in the BIT.

Thanks for that further information, which helps my thinking and speculation somewhat.

Accordingly, it's all fine and dandy and easy to get into buying GBTC (buy high) at $520, but you probably have to jump through considerable hoops to get out.

I have seen some of those institutional-type investments that pre-require that the investors have to wait a year before they can get out, which is bullshit when we know that we can easily and quickly buy and sell bitcoins directly with few restrictions.   

So, in essence, when investors ("institutional") are currently buying GBTC for $520 (31% inflated prices) and the direct BTC price is $395, that signifies that the long term (1 year into the future) outlook for BTC by those long term investors is at least $540, which is 4% higher than $520.

in other words, a fairly bullish present/future value indicator.

Just to clarify, shares in the BIT, Bitcoin Investment Trust, not GBTC, have a lock in period. Say you trade 500 BTC for a commensurate amount of shares in the trust... you have to wait a year to be able to take a cash payment to divest, or to convert those BIT shares to GBTC to sell them on the pink sheets exchange. 

[suda123]

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