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

[Elwar]

It's funny how all these people who don't even spend their bitcoins regularly are worried about transactions per second.

If you were actually spending bitcoins you'd see that transaction time is not a factor.

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[kobilica]

Tbh, only problem I see is micro-transactions (like coffee), you can't pay quickly enough with bitcoin to be practical (seconds speaking here). Lightening should help with it though.

So, is seg-wit already adopted massively? Don't stuff like wallets and such clients still lack it? Because segwit is needed before lightening can be implemented.

[kobilica]

(I am speaking about confirmation time, cause non-confirmed (and later rejected) open doors for exploiters)

[Elwar]

Tbh, only problem I see is micro-transactions (like coffee), you can't pay quickly enough with bitcoin to be practical (seconds speaking here). Lightening should help with it though.

So, is seg-wit already adopted massively? Don't stuff like wallets and such clients still lack it? Because segwit is needed before lightening can be implemented.

Again...not a problem. As someone who has paid for coffee (actually it was a chai latte) with bitcoins. Not a problem whatsoever.

Spend your bitcoins and find out how things work in the real world.

[Mervyn_Pumpkinhead]

Oh look here we have the BTC doomer who thinks he's so well educated and brilliant and everyone else is just dumb to believe BTC could ever succeed. Well sorry bud but you were completely wrong about BTC earlier and even more wrong about LTC or PPC when you thought it would pump when BTC would pump before halving.

I thought that BTC halving will cause a bigger hype, that will also drag attention to the other retro-coins. I was wrong on that, and the BTC halving hype was pretty pathetic. I'm quite often wrong, you know. Otherwise it would be weird. What counts is that I have had a very profitable and fun year while playing the crypto game.

Sorry, but your opinion doesn't hold much value considering your past failed predictions. As a global currency Bitcoin right now is not mature or good enough, but to boldly state that some other cryptocurrency will get there before Bitcoin does is quite a statement.

In 2016, I have multiplied my crypto wealth altogether about 7x. If my opinion still doesn't hold value, then you seem a little demanding

As a global currency Bitcoin right now is not mature or good enough, but to boldly state that some other cryptocurrency will get there before Bitcoin does is quite a statement. A real currency doesn't need some outside mechanism for value stability, it needs liquidity and enough people trusting and using it as such. Gold and silver have done fine as a store of value for ages without such a mechanism as well.

I think that this part is amusing on many different levels. You say that a real currency doesn't need some mechanism for value stability, and then you start talking abour gold and silver like they were currencies
Gold and silver are metals, not currencies. And not the best metals to be used as store of value assets, since a very large part of it's value is based on speculation. If you want a proper store of value asset, then better buy up some industrial metals and minerals that's production and demand are much less dependent on speculation, so their future value can be more easily predicted.

So you're seeing this all upside down. Your hopes of some mystical superior cryptocurrency coming up are more delusional and cultish than the hopes of bitcoiners you like to criticize so much. We'll see who the future will proof right, hope you will still be here in a few years from now to admit you were wrong or right. I know I will.

The reason why I don't like the fanatical bitcoiners, is that their stupidity and laziness is actually holding back the development of this entire new path of cryptocurrencies. I would like to see cryptocurrencies already that would be useful for something other then gambling, illegal activity or just something fun to fool around with. I want practical tools of finance, not some gimmicky currency, that is followed by young zealots with hopes of getting rich without work or skill

[kobilica]

Tbh, only problem I see is micro-transactions (like coffee), you can't pay quickly enough with bitcoin to be practical (seconds speaking here). Lightening should help with it though.

So, is seg-wit already adopted massively? Don't stuff like wallets and such clients still lack it? Because segwit is needed before lightening can be implemented.

Again...not a problem. As someone who has paid for coffee (actually it was a chai latte) with bitcoins. Not a problem whatsoever.

Spend your bitcoins and find out how things work in the real world.

I did spent my bitcoins already, payment is instant but confirmation is not. It takes a while (10-20 minutes) I think.

[Elwar]

Tbh, only problem I see is micro-transactions (like coffee), you can't pay quickly enough with bitcoin to be practical (seconds speaking here). Lightening should help with it though.

So, is seg-wit already adopted massively? Don't stuff like wallets and such clients still lack it? Because segwit is needed before lightening can be implemented.

Again...not a problem. As someone who has paid for coffee (actually it was a chai latte) with bitcoins. Not a problem whatsoever.

Spend your bitcoins and find out how things work in the real world.

I did spent my bitcoins already, payment is instant but confirmation is not. It takes a while (10-20 minutes) I think.

Yep, transaction is instant. Which for things like micro transactions at a coffee shop, they are not too worried about a double spend. For one thing the transaction is small, secondly most people buying coffee at a cafe sit down there and drink it. And most companies price a small amount of theft into their business.

For big companies like Starbucks you just use the Fold app. Which you fill up your Starbucks card with bitcoins and pay at the counter with that card. Plus you save 20% on your purchase.

Most companies that accept bitcoins use a service like BitPay or CoinBase or Pey. Those companies handle the subtleties for their clients.

[Fatman3001]

Hi Elwar,

I saw your post about General Dynamics and DCGS-A.

I feel your pain.

Have you considered work where you're not so tied up to the government insanity that is the military?

[gentlemand]

I used to rent land off the military so got to see how it operated up front. It was not encouraging.

We turned up at our site one day to find a bunch of marines running towards us telling us we couldn't come within a mile of them as they were testing some top secret new grenade launcher on their APC. They told us to stay away until the low loader arrived to take them away in half an hour.

Three days later they were giving us joyrides up and down the runway because someone had forgotten to book the truck. In the end we had to arrange the transport on their behalf.

[respawn2]

I used to rent land off the military so got to see how it operated up front. It was not encouraging.

Team A only needs to be better than Team B.

>In the end we had to arrange the transport on their behalf.


Sounds French. You're not French, are you?
Does it feel like there's only one guy trading? He buys 500 coins, price goes up, he sells 500 coins (in several parcels), price goes back down (which is what it's doing now).

As someone who has paid for coffee (actually it was a chai latte) with bitcoins. Not a problem whatsoever.

So you're the one spamming the network with dust transactions? *AND* you work for the government? Everything is so much clearer now.

[gentlemand]

No. British. And as ever it's the ones hiding behind the lines who are the most hopeless. The fella we used to deal with had to wait four months to get a new battery for his mobile phone from the ministry of defence.

[respawn2]

Yeah, everything went to shit over where you're at after you stopped rationing food, and your government stopped planning your economy, after WW2.
You guys used to be something, now you don't even have an Empire worth talking about.

You need somebody like Future President Mr. Donald Trump to make Britain Great Again.

[gentlemand]

Au contraire. I'm hoping to visit some of the remains of the British Empire this winter. There are at least 8000 people stuck on rocks in the middle of the sea with nothing much to do other than sexually exploit underage people. That's not to be sniffed at.

How's YOUR empire doing?

[Fatman3001]

No. British. And as ever it's the ones hiding behind the lines who are the most hopeless. The fella we used to deal with had to wait four months to get a new battery for his mobile phone from the ministry of defence.

The military is the most f'd up andclosed system on the planet. The incentive structure is skewed toward incompetence. You're rewarded for shutting up and not causing a fuss. And since there is no consequences in normal times, it's never any reason to challenge this system. Whenever there's a major scandal everything about it is kept under lid.

We recently had an accident in Norway where the tower that was used to watch over a fighter pilot exercise, a tower with 4 officers in it, was gunned down by an F16. This was odd, because the same tower had been gunned down 10 years ago and nothing had been done to address the issue. So journalists then asked what the massive accident report from 10 years ago concluded, but this was of course confidential. Fortunately nobody was killed in either incident, but it's sad that someone 10-15 years from now will have to die before they address the issue.

[respawn2]

Au contraire. I'm hoping to visit some of the remains of the British Empire this winter. There are at least 8000 people stuck on rocks in the middle of the sea with nothing much to do other than sexually exploit underage people. That's not to be sniffed at.

How's YOUR empire doing?

You should go to BVI, aren't they you ... what is it? Protectorate? Paradise. Or almost, they don't sell their kids to tourists...

Our Empire is doing just fine, never had one, never will. Why buy a cow when you can get the milk for free?
Got a steady supply of migrant workers to do our dirty work (South Mexico on one side, North Mexico on the other), we got it made

a tower with 4 officers in it, was gunned down by an F16.

Did they get all the officers? Was it like a mini gun, one of those motor driven things with a bunch of barrels that spits a solid stream of death at a rate of over 9000 rounds per second? Or newfangled missiles?

Wow, you're going to Pitcairn?

American here, have no idea what or where everything is, so Googled it. Misread "Pitcairn Islands Tourism | Come Explore.." as "Come Exploit."

[Fatman3001]

Au contraire. I'm hoping to visit some of the remains of the British Empire this winter. There are at least 8000 people stuck on rocks in the middle of the sea with nothing much to do other than sexually exploit underage people. That's not to be sniffed at.

How's YOUR empire doing?

Wow, you're going to Pitcairn?

That's a hell of a journey.

[gentlemand]

Wow, you're going to Pitcairn?

That's a hell of a journey.

Ascension, Falklands and St Helena primarily, and by the sounds of it the Saints are fond of 'chickens' too. If my ship comes in both literally and metaphorically then Pitcairn too.

I'd really like to do Tristan da Cunha as well but I could probably save thousands of pounds by going to a village on the local moors and projecting some sea on my VR glasses plus I'd have the option to leave any time I want when I got bored as fuck.

[kludzins]

https://news.bitcoin.com/coinbase-helps-fbi-shut-kickasstorrents/     

what your thoughts about this all guys?

[gentlemand]

https://news.bitcoin.com/coinbase-helps-fbi-shut-kickasstorrents/     

what your thoughts about this all guys?

It's not surprising and they're obligated to do it whether they like it or not. I assume this forum itself has been subpoenaed in the past.

[respawn2]

I assume this forum itself has been subpoenaed in the past.

No need to assume. It has.
Le Wall Invisible at 660 on BFX.