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

[Asrael999]

Isn't the whole point of blockchain technology that ledger, payment method and clearing method are one and the same?
By using Bitcoin to transact via the decentralised trustless network we eliminate the need for central clearers (visa, MasterCard,Amex etc) and the need for third party bag holders - be they banks or third party wallet holders (coinbase, blockchain, whoever). Enabling peer to peer value transfer, increasing transactional capacity increases bitcoins utility and increasing utility and two way transactional flow will over time increase its value and stability far more than maintaining an artificial transactional cap.

[Wekkel]

Isn't the whole point of blockchain technology that ledger, payment method and clearing method are one and the same?
By using Bitcoin to transact via the decentralised trustless network we eliminate the need for central clearers (visa, MasterCard,Amex etc) and the need for third party bag holders - be they banks or third party wallet holders (coinbase, blockchain, whoever). Enabling peer to peer value transfer, increasing transactional capacity increases bitcoins utility and increasing utility and two way transactional flow will over time increase its value and stability far more than maintaining an artificial transactional cap.

I think it is more powerful to think of it as separating the message (the payment) from the system.  Permissionless and without identity theft. And yes, this could save a lot of middlemen activities as a byproduct.

[soullyG]

$1900 at Finex again, $8 short of ATH  

edit:

[spooderman]

Everyone here down with UASF?

Really hoping those of you that run full nodes have kept up to date with the development.

I hadn't run a node in years and finally got one up and running.

#BIP148

August 1st could be the beginning of the end of our scaling issues.

Please ignore the trolls.

[Lauda]

$1900 at Finex again, $8 short of ATH  

Another day, another ATH. Meanwhile, true Bitcoin holders be like:


On the other side of the Spectrum, "altcoin bagholders", "propagandists", and "paid shills" are like: "Look at the mempool!!! Bitcoin is dead!".
I'll get a little excited if we break $2k on Bitstamp and stay there.

[chopstick]

Everyone here down with UASF?

Really hoping those of you that run full nodes have kept up to date with the development.

I hadn't run a node in years and finally got one up and running.

#BIP148

August 1st could be the beginning of the end of our scaling issues.

Please ignore the trolls.

Lol

UASF is like shooting yourselves in the head with a shotgun.

Actually, go right ahead, it will be really funny to observe the miserable failure of your failed sybil attack.

[CistaCista]

1925 USD and crickets.

[craked5]

$1900 at Finex again, $8 short of ATH  

Another day, another ATH. Meanwhile, true Bitcoin holders be like:


On the other side of the Spectrum, "altcoin bagholders", "propagandists", and "paid shills" are like: "Look at the mempool!!! Bitcoin is dead!".
I'll get a little excited if we break $2k on Bitstamp and stay there.

still, not a little excited about the price always coming back?

I don't know, every time I see the price down to 1700$ I wonder if I should bet on long and every time I lack the guts to do it. But from here it seems the price always comes back!

[noobtrader]

1925 USD and crickets.

does anyone remember last Christmas when we were struggling to reach 1K ?    

EDIT : does it mean btc USD price doubled within 6 month ?

[Paashaas]

You can scale Bitcoin to a fair extent without modifying the block size. Segwit -> Schnorr + Signature aggregation -> LN/sidechains/TumbleBit/Mimblewimble.

This is exactly what Bitcoin needs, the only one who's blocking it is that anoying little brat called Jihan Wu.

[Lauda]

still, not a little excited about the price always coming back?

No. However, I don't like it retracing too much which is why I want support to start building after a certain point has been reached rather than hoping for "moon".

You can scale Bitcoin to a fair extent without modifying the block size. Segwit -> Schnorr + Signature aggregation -> LN/sidechains/TumbleBit/Mimblewimble.

This is exactly what Bitcoin needs, the only one who's blocking it is that anoying little brat called Jihan Wu.

[spooderman]

You can scale Bitcoin to a fair extent without modifying the block size. Segwit -> Schnorr + Signature aggregation -> LN/sidechains/TumbleBit/Mimblewimble.

This is exactly what Bitcoin needs, the only one who's blocking it is that anoying little brat called Jihan Wu.

Entirely correct, and we can absolutely butcher him for this. I don't want to advocate vengeful behavior but it is tempting.

None the less, a UASF means he just has to play fair, it doesn't make his equipment useless like a PoW change would.

UASF is a peaceful way to counter an aggressive attack.

[Asrael999]

1925 USD and crickets.

does anyone remember last Christmas when we were struggling to reach 1K ?    

EDIT : does it mean btc USD price doubled within 6 month ?

Think about May 2016, price at Stamp was $450, so thats 4x in a year, so another doubling by November, and another by next May -> $7500

Or not.....

EDIT - not the current BTC strength (in USD terms) could be more to do with USD weakness......

[Ibian]

Isn't the whole point of blockchain technology that ledger, payment method and clearing method are one and the same?
By using Bitcoin to transact via the decentralised trustless network we eliminate the need for central clearers (visa, MasterCard,Amex etc) and the need for third party bag holders - be they banks or third party wallet holders (coinbase, blockchain, whoever). Enabling peer to peer value transfer, increasing transactional capacity increases bitcoins utility and increasing utility and two way transactional flow will over time increase its value and stability far more than maintaining an artificial transactional cap.

Exactly. And there was no question about this even two years ago. The people arguing against it are deliberately trying to keep bitcoin back for whatever reasons.

[lemmyK]

http://www.globalresearch.ca/us-has-killed-more-than-20-million-people-in-37-victim-nations-since-world-war-ii/5492051?platform=hootsuite

usa-f uckers are done 

http://www.zerohedge.com/

[JimboToronto]

Another fine good morning Bitcoinland.

We had another "correction" back down under $1800 and another small leg up... currently $1869USD/$2540CAD (Bitcoinaverage).

It's been exactly a week since our last ATH. It's about time for another.

Go Bitcoin go.

[Lauda]

UASF is a peaceful way to counter an aggressive attack.

Indeed. UASF is a pretty decent method for deploying a network upgrade if you have or several actors maliciously aligned against you (i.e. the super majority of the system). An alternative method for deploying Segwit would be a combination of BIP9 and UASF which is BIP8.

It's been exactly a week since our last ATH. It's about time for another.

It really depends on where you are currently looking at. Bitfinex has hit a new ATH today. Bitstamp is +- 30$ from its ATH.

[becoin]

Isn't the whole point of blockchain technology that ledger, payment method and clearing method are one and the same?

No, it isn't. Bitcoin is not just money. Bitcoin is the first digital world created by humans. Like the analog world we live in you can't change the past but by action or inaction now you can change the future.

By using the blockchain to pay things you just "move" things in this digital world and use this movement to account for payment settlement. It is just like moving physical gold from one place to another. Sooner or later moving gold or whatever becomes too expensive to be used as a payment method and we must move onto transferring the ownership not the "thing" itself. It'll be much cheaper.

Defining the so called tx fee is very difficult, because it is actually the energy we need to move things in this digital world. We must define what is speed and what is mass in this digital world to calculate the proper energy needed for every "transaction".

[Ibian]

Isn't the whole point of blockchain technology that ledger, payment method and clearing method are one and the same?

No, it isn't. Bitcoin is not just money. Bitcoin is the first digital world created by humans. Like the analog world we live in you can't change the past but by action or inaction now you can change the future.

By using the blockchain to pay things you just "move" things in this digital world and use this movement to account for payment settlement. It is just like moving physical gold from one place to another. Sooner or later moving gold or whatever becomes too expensive to be used as a payment method and we must move onto transferring the ownership not the "thing" itself. It'll be much cheaper.

This is not nearly metaphysical enough.

Defining the so called tx fee is very difficult, because it is actually the energy we need to move things in this digital world. We must define what is speed and what is mass in this digital world to calculate the proper energy needed for every "transaction".

Look at your electricity bill. Done and done.

[jbreher]

Everyone here down with UASF?

Nope.

But by all means, go ahead and fork off.