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

[orpington]

FINALLY segwit will burn and we will have BIGGER BLOCKS

[http://m.memegen.com/szcxil.jpg[/img]

Are you referring to any recent news in particular, or just communicating a pure wish?  hahahahaha

Haha.
'Past Performance Is No Guarantee of Future Results' and 'high volatility' is very applicable to adam's posts. IOW, a real bitcoiner.
 

I'm not sure if I understand your post or your position about this whole question regarding the short to medium prognosis for bitcoin?

I personally believe that in the end, some variation of the core's vision is going to prevail, and surely I hope that it includes some kind of incorporation of segwit - but even if seg wit does not get incorporated in the coming years, bitcoin still is in a decent place in terms of storage of value and security and various kinds of ways to control your own wealth from capital controls and even some kinds of abilities to do quasi-anonymous transactions in a pretty secure way.

The BU people are just sad to see the writing on the wall and to understand that they were just useful idiots after all.

 Jihan was basically their knight in shining armor and now he is the fallen one.

[gembitz]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

[gembitz]

FINALLY segwit will burn and we will have BIGGER BLOCKS

[http://m.memegen.com/szcxil.jpg[/img]

Are you referring to any recent news in particular, or just communicating a pure wish?  hahahahaha

Haha.
'Past Performance Is No Guarantee of Future Results' and 'high volatility' is very applicable to adam's posts. IOW, a real bitcoiner.
 

I'm not sure if I understand your post or your position about this whole question regarding the short to medium prognosis for bitcoin?

I personally believe that in the end, some variation of the core's vision is going to prevail, and surely I hope that it includes some kind of incorporation of segwit - but even if seg wit does not get incorporated in the coming years, bitcoin still is in a decent place in terms of storage of value and security and various kinds of ways to control your own wealth from capital controls and even some kinds of abilities to do quasi-anonymous transactions in a pretty secure way.

The BU people are just sad to see the writing on the wall and to understand that they were just useful idiots after all.

 Jihan was basically their knight in shining armor and now he is the fallen one.

^Jihan for president of Unlimited!!! weeeee :-D lol

[Elwar]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

[gembitz]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

LN is for cops! ~traceable transactions ..trouble closing out old channels hmm

[Killerpotleaf]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

my gut tells you wont be able to run a LN node.

this is will be up to places like Stamps, Bitpay, Blockstream, etc to implement hubs.

besides the ridiculous programing expertise that will be required to set up hubs ( because "beta software" )

I bet the amount of bandwidth/CPU required to download/verify the nearly infinite number of highly complex BTC TX, will require a datacenter like setup.

your only hope for LN is to run a highly confusing UI which will allow you to send and receive money, but you gotta make sure to WATCH YOUR CHANNEL or you'll get fucked by the LN trolls!

discimaler: I'm 51% sure my above statements are somewhat inaccurate .

[Elwar]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

LN is for cops! ~traceable transactions ..trouble closing out old channels hmm

You mean, like every transaction is on a public ledger? LN is as private as the network you choose to join. The market will be able to provide the amount of privacy you need.

[Elwar]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

my gut tells you wont be able to run a LN node.

this is will be up to places like Stamps, Bitpay, Blockstream, etc to implement hubs.

besides the ridiculous programing expertise that will be required to set up hubs ( because "beta software" )

I bet the amount of bandwidth/CPU required to download/verify the nearly infinite number of highly complex BTC TX, will require a datacenter like setup.

your only hope for LN is to run a highly confusing UI which will allow you to send and receive money, but you gotta make sure to WATCH YOUR CHANNEL or you'll get fucked by the LN trolls!

discimaler: I'm 51% sure my above statements are somewhat inaccurate .

The Eclair LN client (currently in alpha on the Testnet) looks as easy to use as early Bitcoin clients.

https://www.youtube.com/watch?v=gRzpr_QW_2w

[gembitz]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

LN is for cops! ~traceable transactions ..trouble closing out old channels hmm

You mean, like every transaction is on a public ledger? LN is as private as the network you choose to join. The market will be able to provide the amount of privacy you need.

LN and other offchain schemes help law enforcement trace "bad actors" and identify participants :\

[Elwar]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

LN is for cops! ~traceable transactions ..trouble closing out old channels hmm

You mean, like every transaction is on a public ledger? LN is as private as the network you choose to join. The market will be able to provide the amount of privacy you need.

LN and other offchain schemes help law enforcement trace "bad actors" and identify participants :\

Source?

[harrymmmm]

FINALLY segwit will burn and we will have BIGGER BLOCKS

[http://m.memegen.com/szcxil.jpg[/img]

Are you referring to any recent news in particular, or just communicating a pure wish?  hahahahaha

Haha.
'Past Performance Is No Guarantee of Future Results' and 'high volatility' is very applicable to adam's posts. IOW, a real bitcoiner.
 

I'm not sure if I understand your post or your position about this whole question regarding the short to medium prognosis for bitcoin?

I personally believe that in the end, some variation of the core's vision is going to prevail, and surely I hope that it includes some kind of incorporation of segwit - but even if seg wit does not get incorporated in the coming years, bitcoin still is in a decent place in terms of storage of value and security and various kinds of ways to control your own wealth from capital controls and even some kinds of abilities to do quasi-anonymous transactions in a pretty secure way.

Ahh. You are not using a poster's previous posts to assess the meaning of a current post. I can't fault you for that, but it explains why you don't see what I meant regarding adam's bipolar, chaotic, gut-wrenching opinion changes from post to post.

I guess it also explains why you don't know my own position. I'm on record as saying recently here that BU was a distraction and the real issue was miner obstruction of segwit. I just couldn't understand why that was happening. Now we know and I feel the world is rational once again

I'm hesitant to predict the future. I'm of the opinion that a miner found a competitive advantage and used it for a long time. Nothing wrong there (leaving out politics, patent rights etc). I'm sure that the next few weeks will provide lots of interesting reading about the possible ways forward. I can't see why any miner would stop using that advantage while he can, but otoh it can't be allowed to stop bitcoin protocol innovations. Interesting times ahead...

[Elwar]

Bitcoin price up over 12% since April 1. If we could do this every week that would be quite satisfactory.

[JayJuanGee]

FINALLY segwit will burn and we will have BIGGER BLOCKS

[http://m.memegen.com/szcxil.jpg[/img]

Are you referring to any recent news in particular, or just communicating a pure wish?  hahahahaha

Haha.
'Past Performance Is No Guarantee of Future Results' and 'high volatility' is very applicable to adam's posts. IOW, a real bitcoiner.
 

I'm not sure if I understand your post or your position about this whole question regarding the short to medium prognosis for bitcoin?

I personally believe that in the end, some variation of the core's vision is going to prevail, and surely I hope that it includes some kind of incorporation of segwit - but even if seg wit does not get incorporated in the coming years, bitcoin still is in a decent place in terms of storage of value and security and various kinds of ways to control your own wealth from capital controls and even some kinds of abilities to do quasi-anonymous transactions in a pretty secure way.

Ahh. You are not using a poster's previous posts to assess the meaning of a current post. I can't fault you for that, but it explains why you don't see what I meant regarding adam's bipolar, chaotic, gut-wrenching opinion changes from post to post.

I guess it also explains why you don't know my own position. I'm on record as saying recently here that BU was a distraction and the real issue was miner obstruction of segwit. I just couldn't understand why that was happening. Now we know and I feel the world is rational once again

I'm hesitant to predict the future. I'm of the opinion that a miner found a competitive advantage and used it for a long time. Nothing wrong there (leaving out politics, patent rights etc). I'm sure that the next few weeks will provide lots of interesting reading about the possible ways forward. I can't see why any miner would stop using that advantage while he can, but otoh it can't be allowed to stop bitcoin protocol innovations. Interesting times ahead...

Thanks for that explanation Señor mmmmmmmmmmmm.

I can't really disagree with you about any of that.  It's starting to feel a little bit like the application of the principle "whatever doesn't kill you will make you stronger."   

Some of these weaknesses have been identified, and maybe some of those mining loopholes are going to be sealed up, even though it may take a bit of time to playout?

[gembitz]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

^Poon is a ninny! :-D i don't see the future of bitcoin based on LN adoption..not at all lulz

I just want to be able to run a LN node and make money from my CPU and network connection.

Kinda like what was promised by a certain cryptocurrency back in the day.

LN is for cops! ~traceable transactions ..trouble closing out old channels hmm

You mean, like every transaction is on a public ledger? LN is as private as the network you choose to join. The market will be able to provide the amount of privacy you need.

LN and other offchain schemes help law enforcement trace "bad actors" and identify participants :\

Source?

^fool are you slow? i've personally met LN and was not impressed ~ gave them a free hall pass and here over a year latter im still not impressed.. now digging deeper i see an agenda!! *stay tuned*

[Elwar]

^fool are you slow? i've personally met LN and was not impressed ~ gave them a free hall pass and here over a year latter im still not impressed.. now digging deeper i see an agenda!! *stay tuned*

My agenda is:

I just want to be able to run a LN node and make money from my CPU and network connection.

Either way, as this is not the development forum I will return the thread to discussions of Bitcoin price movement tracking.

[Denker]

I don't really care which upgrade goes through as long as it goes smoothly (though I would really like to see Lightning Network go through) but seeing Litecoin double in price due to the likelihood of Segwit going through makes me want to see the same thing happen to bitcoin's price.

Make it so.

If Segwit should get activated for BTC the price will reach $2000 in no time!
Furthermore Litecoin+SegWit will be a nice test run. It almost reached 70% with the appearance of SuprnovaPools also signaling for SegWit.
Very exciting days at the moment!

[gembitz]

^fool are you slow? i've personally met LN and was not impressed ~ gave them a free hall pass and here over a year latter im still not impressed.. now digging deeper i see an agenda!! *stay tuned*

My agenda is:

I just want to be able to run a LN node and make money from my CPU and network connection.

Either way, as this is not the development forum I will return the thread to discussions of Bitcoin price movement tracking.

^apparently segwit only addresses the issue of covert asicboost ~ i bet it's going to require increasingly diligent code review to compete with emerging mining "hacks" ! :-D

[Unacceptable]

"everyone hates segwit"?

nah mate.

ok segwit has the most "consensus", not everyone hates it, some poeple love it, but its not like it isn't contentious for a large %, if that wasn't true why would there be all this controversy...  

The mere fact that there is controversy does not mean that the controversy is valid.

If you got a bunch of nutjob shills that are able to convince others to whine about a bunch of stuff that seems to make sense (but really does not make sense) based on a bunch of misinformation, that still does not make the astro-turf controversy valid.

Bullshit,what we have here is:



By the way Jay,in case you didn't notice BITCOIN IS ALREADY CENTRALIZED!!!!!!!!

How much hashrate do you little peons have?? 20%  30% I don't think that will effect ANY changes in Bitcoin 

I don't know what you are talking about.

It seems that you are accusing me of the thing that you are doing, and for what purpose?  What point are you trying to make?

I think that you are trying to confuse matters, and you are framing the current situation in some kind of incorrect way... also known as mischaracterizing the current situation including your attempt to describe what is core and what is core's role and what is seg wit in the scheme of the current situation..

Core and it's vision of bitcoin still constitutes the longest chain, in the last couple of years we have had three named proposals that were aimed to be hostile attempts to take over BTC by creating a hardfork and changing governance.  First, XT then Classic, then the current version of BU et al.  So far, none of these hostile take over attempts have been successful, but they do not give up on spouting various kinds of threats and attempting to get more and more people (maybe miners, etc) to get on board with their vision.  Sometimes, especially recently, they also dupe folks into actually thinking their threat is actually going to take place and to threaten the well-being of bitcoin.

The fact that bitcoin is not changing does not make it "centralized" as you like to conclude, but so far it is still showing that a centralized kind of take over is not an easy thing to accomplish - even with this most recent attempt that did seem to at least have some kind of smoke screen of support that was showing 50% of the mining or something like that depending on how you piece meal together the miners and whether they would actually follow if a hard fork were to occur.

So segwit is another question that is separate from core, but it is a scaling and malleability "solution" that has gone through the official channels to be proposed, then discussed, then agreed upon and then coded and then tested and then gone to the signaling stage.  Initially, it was a pretty non-controversial upgrade, but the whiners have seemed to have gotten a lot of misinformation out there about segwit but also the whiners are quite a bit disingenuous anyhow in terms of really having bitcoin's interests at heart - rather than buying into bullshit conspiracy theories.  So yeah, in the end, recently, this seg wit proposal seems to be getting into the 30% of support on the mining end, and of course it seems to have larger levels of support in other non-mining circles.  We are about 6 months into seg wit signaling, and maybe it will continue to increase, and maybe bitcoin will have to figure out a way to survive without seg wit. 

Personally, I am thinking that seg wit is so obviously a good thing that it is likely going to end up being implemented in one way or another - even if it may take bitcoin a couple of years to get there.  But what do I know?  There are a lot of unknowns in the future, which makes it difficult to predict with any kind of precision, but I can still venture my own estimations.

Yada,yada,yad,yada..................you really like to yak huh?? 

I personally hope Bitcoin fails,it has already been taken over & there is nothing ANY of you private miners can do about it...THAT is what I was saying 

[Wexlike]

Venezuela..

[Unacceptable]

Venezuela..

I feel so bad for those folks there 

Not sure if Venezuela will ever come back