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

[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.

[Elwar]

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?

One brief moment when I was looking for a job I added private companies to my list. My skillset is wide and not specialized because of how contracts work. They need someone to fill a slot, they'll put you in that slot even if you know it just a little as long as you have a lot of experience and have a degree (and a clearance). So I've been a network engineer, software engineer, system admin, Java/C++/.NET/Ada, etc. A wide range of skills but no specialization in one single skill. While searching for a job in the private sector they tend to look for someone that is very specialized in one skill set, especially at the senior level. I interviewed for several Java positions and one person told me that I was more of a junior level programmer but my salary requirement was senior level. Which was true since I use Java for most positions but I am never a Java developer.

Plus the clearance I have, only .001% of Americans have that clearance. Which makes it easy to get a good paying job for any job that requires that clearance. There is certainly no outsourcing of my job to lower paid foreigners. That and my willingness to travel and live anywhere in the world (including war zones) gives me a very good salary. Getting paid $250k-$500k per year is not unheard of for my type of work in war zone environments (working 84 hour work weeks, 365 days a year). That's a lot of bitcoins.

I do plan on retiring in a few years, work on something I can just do over the Internet and travel the world. I'll retire a lot sooner if bitcoin goes over $2-3k.

[podyx]

Buy opportunity or sell opportunity?

Thoughts?

[respawn2]

What's going on?

[soullyG]

You're doing a great job Lambie, can you push the price down a bit more so I can get moar cheep coinz

[Elwar]

What's going on?

Very nice. Just hold that price a few more hours please.

[respawn2]

You're doing a great job Lambie, can you push the price down a bit more so I can get moar cheep coinz

Is this good enough, or still too rich for your blood?



*But at least we're seeing some volume...