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

[york780]

Monday ... well, what's the time in Tokyo ?

time to sell .. obviously

Never sell in the weekend.
NEVAAH

never sell at the top , never sell in the weekend .. what's next? never sell when is the full moon?

Dearly noted

[Nagadota]

USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a balance sheet audit.

A lot of the uncertainty is fading away.  This is looking good.  Very good.

[york780]

USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a balance sheet audit.

A lot of the uncertainty is fading away.  This is looking good.  Very good.

My jedi sence tells me that the altcoin bubble will pop soon. We only need a scaling solution for the moon. What are they waiting for?

[orpington]

USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a balance sheet audit.

A lot of the uncertainty is fading away.  This is looking good.  Very good.

indeed

[Lauda]

We only need a scaling solution for the moon. What are they waiting for?

Segwit -> Signature Aggregation & Schnorr Signatures -> LN & sidechains.

USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a balance sheet audit.

A lot of the uncertainty is fading away.  This is looking good.  Very good.

I wasn't expecting Bitfinex to be the next Mt. Gox even though there was a lot of fear being spread around the forum and in this particular thread. I'll give them the benefit of the doubt until I read the public announcement. The difference between Finex and Stamp is <40$ right now. As the price is still above $1500, this means that the price rise was not artificially induced via Finex issues.

[Grillo]

USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a balance sheet audit.

A lot of the uncertainty is fading away.  This is looking good.  Very good.

good, I have some USDT so you better be right.

[afbitcoins]

USDT is making a recovery and Coinbase and Bitfinex are at roughly equal prices since Bitfinex agreed to have Friedman LLP do a balance sheet audit.

A lot of the uncertainty is fading away.  This is looking good.  Very good.

My jedi sence tells me that the altcoin bubble will pop soon. We only need a scaling solution for the moon. What are they waiting for?

Both scaling options are crap.

BU leads to bigger blockchain which leads to blockchain too be to be decentralised, which leads to centralisation
Segwit leads to LN which leads to transactions handled off chain which leads bankers rejoicing and to centralised control of bitcoin

You might be in for a long wait for scaling solution

[Lauda]

BU leads to bigger blockchain which leads to blockchain too be to be decentralised, which leads to centralisation

BU opens the road to a DOS attack vector with their bare block size increase. Additionally, (as was already seen) they also open up a lot of exploits in their bad code.

Segwit leads to LN which leads to transactions handled off chain which leads bankers rejoicing and to centralised control of bitcoin

This is bullshit. LN does not need Segwit and LN will happen regardless of whether you want it or not, or whether Segwit is adopted or not. LN needs a malleability fix, and SW is just one of the ways of doing that. LN does in no way create centralized control of Bitcoin nor does it lead to bankers "rejoicing". Looks like someone didn't even read the ELI5.

good, I have some USDT so you better be right.

Just don't tell me that you're holding USDT on the shady exchange called Poloniex. Just be a bit more patient (Finex wise).

[afbitcoins]

This is bullshit. LN does not need Segwit and LN will happen regardless of whether you want it or not, or whether Segwit is adopted or not. LN needs a malleability fix, and SW is just one of the ways of doing that. LN does in no way create centralized control of Bitcoin nor does it lead to bankers "rejoicing". Looks like someone didn't even read the ELI5.

This sounds like a good way to sneak in a malleability fix. Maybe a malleability fix is not a good idea? Why can't core release modular updates instead of bundling it all together?

LN do enable centralised control of bitcoin transactions. Its just a matter of scale. Think of the size of banks and equate that to LNs

[Lauda]

This sounds like a good way to sneak in a malleability fix. Maybe a malleability fix is not a good idea?

A malleability fix is definitely needed. Assuming the worst because you lack knowledge and understanding is absurd.

Why can't core release modular updates instead of bundling it all together?

What good would this do besides delaying the already very delayed process of implementing Segwit?

LN do enable centralised control of bitcoin transactions. Its just a matter of scale. Think of the size of banks and equate that to LNs

LN does not enable any kind of centralized control. You do not understand LN, neither the reasons behind it, its features nor its limitations.
You should go back to ELI5 threads and we should be back to discussing the price in here.


Jimbo, where are you?

[afbitcoins]

You should go back to ELI5 threads and we should be back to discussing the price in here.

OK post links please and I'll enlighten myself. In case my understanding is incorrect.

[afbitcoins]

Quoted from Slack Chat with Craig Wright

https://pastebin.com/zU6YZWXK
 
"Layer 2 networks will require the introduction of AML and intermediary controls. These are localised networks in the form of existing intermediaries.
 
They can be allowed to operate with Bitcoin competitively, but not at the expense of open exchange. This being what they fear, why use L2 if you have no need?

Those who do not think that government can set in and control this are either naive or malicious. There is no other view. This is not a false dichotomy. These are the only options.
 
In all cases, L2 will require systems that can be controlled and they will require the interaction of merchants and other parties. Networks such as lightning centralise and offer control on a platter."

[European Central Bank]

quoting Craig Wright is the last resort for anyone who wants to make a point. I have no interest in what he has to say.

[afbitcoins]

quoting Craig Wright is the last resort for anyone who wants to make a point. I have no interest in what he has to say.

Oh it must be amazing to be the enlightened ones.

Still waiting for those links so I can also read the hallowed source material and also be enlightened

[petemoss2]

Bitfinex is only $33 higher than Stamp!

[Iranus]

What the hell is going on at Coinbase?  Their price is hovering around $1600.  It's way higher than even Bitfinex even though Coinbase is fully functional.  Any buywalls recently or anything?

[york780]

What the hell is going on at Coinbase?  Their price is hovering around $1600.  It's way higher than even Bitfinex even though Coinbase is fully functional.  Any buywalls recently or anything?

This is whats going on.

https://www.youtube.com/watch?v=jG3_-KKHkZ8

History lesson folks.

[yefi]

quoting Craig Wright is the last resort for anyone who wants to make a point. I have no interest in what he has to say.

Quite, that's a default forfeit of one's argument in my book.

Just don't tell me that you're holding USDT on the scam exchange called Poloniex. Just be a bit more patient (Finex wise).

Not a word to be bandied about lightly - what's the basis for this accusation?

[Elwar]

Gosh. Bitcoin is so boring today.

[Lauda]

Just don't tell me that you're holding USDT on the shady exchange called Poloniex. Just be a bit more patient (Finex wise).

Not a word to be bandied about lightly - what's the basis of this accusation?

Okay, fair point. I have changed the wording to shady (see original post/quote update). Just look at all those orchestrated pumps and dumps, and random dead coins going up >1000-10000%. There is no way that Poloniex isn't involved in some way IMO.

Bitfinex is only $33 higher than Stamp!

This is a sign of confidence in the market. The interesting thing about the current price is that GDAX is $15 higher than Bitfinex!