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

[adamstgBit]

wow look at that crazy knife attack in the night

silly bears 

[sAt0sHiFanClub]

...
you are just plain wrong, likely mis-informed by the company you keep. The necessary LN bitcoin TXs that open and close channels will be immediately identifiable by the bitcoin miners who can demand as high fees as they feel necessary to provide their precious adjudication services for the LN. ...

Interesting point. I wonder why they choose not to up their fees now? You should let them in on this cool thing you've just discovered, they might cut you in on teh profitz

I could have copyrighted the use of "satoshi" for the smallest unit when I standardised/named it,
https://bitcointalk.org/index.php?topic=3574.msg50647#msg50647
that might have been profitable ... but Satoshi deserves all the kudos.

Serious?  Kiba mentioned it first.

[Fatman3001]

It turns out it's not just Bitcoiners who's struggling with core:

"[–]Roman Catholic luke-jr 1 point 1 day ago

Catholicism is not a branch, it is the Faith, and the Roman Catholic Church is the specific institution defined by God. The only reconciliation is therefore those outside the Church abandoning their errors and joining the Church. Any other kind of "reunion" is inherently evil and sinful to pursue."

https://www.reddit.com/r/TrueChristian/comments/46lmei/views_on_christian_ecumenism/d0948fy

Good choice guyz!


Jokes aside, I was actually kind of optimistic when I saw some of his comments on the roundtable thread on reddit. Especially this:


"[–]chriswheeler 8 points 2 days ago

So why have you just signed a statement agreeing to implement a hard fork?

[–]luke-jr Luke Dashjr - Bitcoin Expert 30 points 2 days ago

Because the cost of increasing the limit is lower than the benefits of peace/not constant fighting and showing that Bitcoin can in fact do a hardfork."

https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07fwo1

[ImI]

[–]luke-jr Luke Dashjr - Bitcoin Expert 30 points 2 days ago

Because the cost of increasing the limit is lower than the benefits of peace/not constant fighting and showing that Bitcoin can in fact do a hardfork."[/i]

https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07fwo1

that's remarkable sound! never would have expected him to be able to such a insight/compromise.

now we only need to convince the other nutters left or get going without them. friedenbach would be to name here. i am surprised we havent heard anything from todd etc about their colleague being against the consensus.

[Spaceman_Spiff]

it just some more FUD you are spreading like "the LN routing problem" bull made up shit stories. Just stop it if you don't know what you're talking about.

Not according to this post ( point #4)

I asked why not since it seems to be the main savior for the capacity wars.
 Answer - more needs to be done before LN is viable.

Is there some good up-to-date source (without being super technical) to read about LN issues/challenges ?

[adamstgBit]

it just some more FUD you are spreading like "the LN routing problem" bull made up shit stories. Just stop it if you don't know what you're talking about.

Not according to this post ( point #4)

I asked why not since it seems to be the main savior for the capacity wars.
 Answer - more needs to be done before LN is viable.

Is there some good up-to-date source (without being super technical) to read about LN issues/challenges ?

Bahahahahaha, good luck with that.

[JayJuanGee]

Yeah heavy and unexpected!

I just closed a short because the price wouldn't drop
I just closed a short at loss then open a long right before the bump ><

I feel like the dumb guy paying for everyone else ><

Plan your trade, and trade your plan. If you fail to plan, you are planning to fail.

 


Yeah. I've seen that one before, and I keep providing some version of that to various people close to me, and then I forgot about the quote. Thanks for the reminder.

[JayJuanGee]

  as i say in my old post . never by  more than 450 stable. forget on 500.  now is it third time when is my prediction right. so dump .. hell i have do it in night .

You are correct. It's true until it's not. 

[bargainbin]

it just some more FUD you are spreading like "the LN routing problem" bull made up shit stories. Just stop it if you don't know what you're talking about.

Not according to this post ( point #4)

I asked why not since it seems to be the main savior for the capacity wars.
 Answer - more needs to be done before LN is viable.

Is there some good up-to-date source (without being super technical) to read about LN issues/challenges ?

Bahahahahaha, good luck with that.

True, it's all very scientific and dangerous, only a handful of men [Wizards] in the world understand it.
Protip: Make sure all Bitcoin documentation/code comments are in Church Latin, for further mystification.

[Spaceman_Spiff]

it just some more FUD you are spreading like "the LN routing problem" bull made up shit stories. Just stop it if you don't know what you're talking about.

Not according to this post ( point #4)

I asked why not since it seems to be the main savior for the capacity wars.
 Answer - more needs to be done before LN is viable.

Is there some good up-to-date source (without being super technical) to read about LN issues/challenges ?

Bahahahahaha, good luck with that.

Probably similar to "explain quantum physics to me in 30 seconds, no big words and be complete"  

[Tzupy]

JPMorgan testing proprietary blockchain technology:
https://www.cryptocoinsnews.com/jpmorgan-already-testing-dollar-remittance-via-blockchain-technology-between-2200-clients/

[Fatman3001]

[–]luke-jr Luke Dashjr - Bitcoin Expert 30 points 2 days ago

Because the cost of increasing the limit is lower than the benefits of peace/not constant fighting and showing that Bitcoin can in fact do a hardfork."[/i]

https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07fwo1

that's remarkable sound! never would have expected him to be able to such a insight/compromise.

now we only need to convince the other nutters left or get going without them. friedenbach would be to name here. i am surprised we havent heard anything from todd etc about their colleague being against the consensus.

And here's another nugget:

[–]apoefjmqdsfls -2 points 2 days ago

Is Gavin already searching for a new name?

[–]luke-jr Luke Dashjr - Bitcoin Expert 0 points 2 days ago

Doesn't matter, the final version does not use any specific names (besides Core).
This was mainly to avoid negativity and give Classic a possibility of transforming into a part of this plan and a "legitimate" node software.

[–]keo604 -1 points 2 days ago

Legitimate, as approved by the centralists?

[–]luke-jrLuke Dashjr - Bitcoin Expert 2 points 2 days ago

As in not breaking from the community consensus. But yes, it is defined in the agreement by compatibility with Core. However, if Core were to depart from what has consensus, I think this would change the "foreseeable future" aspect, thus releasing the obligation entirely (but I don't expect this to happen).

https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07ggt2

I'm not sure exactly what he means by this, but it might look like they're trying to work with/leave a door open for Gavin and maybe Jeff. But Gavin and Jeff will probably need to see some real progress in order to lower their arms. If they can get the activation date set a bit earlier then that might be as good as it gets. The clock is ticking and I doubt they can convince miners to adopt Classic before/unless some promises are broken by Core. By July even Classic would struggle with an activation date earlier than Jan-Feb 2017.

[bargainbin]

...
Probably similar to "explain quantum physics to me in 30 seconds, no big words and be complete"  

No, more like "it's rocket surgery, only we are qualified to do it; don't try to understand it. And yes, quality hookers and blow are essential to the process; shut the f8king door & get out."

JPMorgan testing proprietary blockchain technology:
https://www.cryptocoinsnews.com/jpmorgan-already-testing-dollar-remittance-via-blockchain-technology-between-2200-clients/

Yeah, whatevs. They'll never understand it, not like LukeJr.

[JayJuanGee]

Ouch!
That was a heavy dump!
Finex and stamp had been down to 416!

could you imagine some internet token being actually worth more than 400$?

either the dollar has deeply depreciate, or people have just gone mad.

Dollars in circulation: >1 trillion (M0 - cash) / >10 trillion (M3 - incl. bank deposits and cash equivalent)

Ounces of silver above ground: ~30 billion

Ounces of gold above ground: 6 billion

Bitcoins in circulation: 15 million

Scarcity is a factor.

DOGE is also an internet token but it can't cost 400$ as it is issued in the billions.

DOGE price: $ 0.000278   DOGE in circulation: 103 billion

Satoshi's are potentially infinitely divisible and they are issued in the billions.





 

[bargainbin]

...
https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07ggt2

I'm not sure exactly what he means by this < snip >

Don't worry, there's another Bitcoin Round Table in the works

This weekend, 70 leaders in the Bitcoin and blockchain industry are meeting for a retreat.

Brought to you by The Bitcoin Foundation & Bruce "Fenton" Fenton

[adamstgBit]

Ouch!
That was a heavy dump!
Finex and stamp had been down to 416!

could you imagine some internet token being actually worth more than 400$?

either the dollar has deeply depreciate, or people have just gone mad.

Dollars in circulation: >1 trillion (M0 - cash) / >10 trillion (M3 - incl. bank deposits and cash equivalent)

Ounces of silver above ground: ~30 billion

Ounces of gold above ground: 6 billion

Bitcoins in circulation: 15 million

Scarcity is a factor.

DOGE is also an internet token but it can't cost 400$ as it is issued in the billions.

DOGE price: $ 0.000278   DOGE in circulation: 103 billion

Satoshi's are potentially infinitely divisible and they are issued in the billions.





 

which is why Satoshi's will never be worth more then 1/2 a cent

what a sad reality

[ChartBuddy]

Coin



Explanation

[Fatman3001]

...
https://www.reddit.com/r/Bitcoin/comments/46rk3d/final_version_bitcoin_roundtable_consensus/d07ggt2

I'm not sure exactly what he means by this < snip >

Don't worry, there's another Bitcoin Round Table in the works

This weekend, 70 leaders in the Bitcoin and blockchain industry are meeting for a retreat.

Brought to you by The Bitcoin Foundation & Bruce "Fenton" Fenton

Thx, I added a suggestion.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

Ouch!
That was a heavy dump!
Finex and stamp had been down to 416!

could you imagine some internet token being actually worth more than 400$?

either the dollar has deeply depreciate, or people have just gone mad.

Dollars in circulation: >1 trillion (M0 - cash) / >10 trillion (M3 - incl. bank deposits and cash equivalent)

Ounces of silver above ground: ~30 billion

Ounces of gold above ground: 6 billion

Bitcoins in circulation: 15 million

Scarcity is a factor.

DOGE is also an internet token but it can't cost 400$ as it is issued in the billions.

DOGE price: $ 0.000278   DOGE in circulation: 103 billion

Satoshi's are potentially infinitely divisible and they are issued in the billions.





 

which is why Satoshi's will never be worth more then 1/2 a cent

what a sad reality

I realize that we are a ways off of that $.005 satoshi, but never say never in bitcoinlandia