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

[bitserve]

175BTC WALL at $3300 on Bitstamp.

Already down to 92 left. Its being eaten

Aaaaaand it's gone!

[Torque]

[Gab0]

That's why blocksize increase is an increase in CAPACITY but not a scaling solution, and Segwit+LN is an increase in Scaling (and thus in capacity).

How do you plan to liquidate your tx LN in a disabled blockchain?
Oh, right, paying $ 100 in fees.

Increasing the size of the blocks is a scalability solution.

[lightfoot]

Oh, if you think so you are doing it wrong (The Vegas thing). It's not you who needs to do the spending on gambling, but all the other losers who's uncontrolled spending give you access to great hotels, services and shows for ridiculous cheap prices.  I never ever gamble unless some rare occasion for fun and getting more value in free drinks than the (very little) cash spent on the game.

I fucking love Las Vegas and its hot/dry summer which is very similar to my place, so I feel at home

Just got back from Vegas. Somewhat crowded, hookers are busy, and the bitcoin ATM is no longer on the darn strip. Annoying.

Personally I play craps, specifically dont pass/don't come bets with odds. It's pretty much the closest you can get to true even odds on the strip, it's impossible for the house to cheat, and you can watch people place stupid bets with the stick man. Great way to people watch for a few hours. But I will have to consider Thailand for my next vacation.

[bitserve]

That's why blocksize increase is an increase in CAPACITY but not a scaling solution, and Segwit+LN is an increase in Scaling (and thus in capacity).

How do you plan to liquidate your tx LN in a disabled blockchain?
Oh, right, paying $ 100 in fees.

Increasing the size of the blocks is a scalability solution.

As I have previously said I am pro reasonable block size increases as needed to provide the adequate infraestructure for both on-chain tx's AND LN settlements.

P.S.: Can you guys understand that there's not only small/big blockers but also us RIGHTBLOCKERS?

[Paashaas]

Mr Ver payed for my trip to Vegas in a few weeks. Thanks Roger!

Roger that!

[bitserve]

Oh, if you think so you are doing it wrong (The Vegas thing). It's not you who needs to do the spending on gambling, but all the other losers who's uncontrolled spending give you access to great hotels, services and shows for ridiculous cheap prices.  I never ever gamble unless some rare occasion for fun and getting more value in free drinks than the (very little) cash spent on the game.

I fucking love Las Vegas and its hot/dry summer which is very similar to my place, so I feel at home

Just got back from Vegas. Somewhat crowded, hookers are busy, and the bitcoin ATM is no longer on the darn strip. Annoying.

Personally I play craps, specifically dont pass/don't come bets with odds. It's pretty much the closest you can get to true even odds on the strip, it's impossible for the house to cheat, and you can watch people place stupid bets with the stick man. Great way to people watch for a few hours. But I will have to consider Thailand for my next vacation.

There wasn't a Bitcoin ATM on The Linq?

Anyway I have not reached yet the level in which I pay my spending from Bitcoin even if I could, but I prefer to spend from fiat instead.

I sometimes do play Jack's or better bar machines or Blackjack. In both I can receive more in free drinks than what I lose (long term), so it's fine to me plus I do enjoy it very occassionaly. But I love vegas for the pools, the shows, the attractions, the concerts, the shopping, some discos (I love The Rio's Vodoo Lounge... that Witch Doctor is the best fucking cocktail EVER!), etc etc....

I avoid table games. Worse ROI if you consider the free drinks (which come slower than the minimun spending rate).

I am not a gambler. Mainly because I don't like playing losing games. But i fucking love Vegas for everything else.

This will be the first year I go to Vegas at a different date than Defcon. Last time was when it was at the Paris.

[eXpl0sive]

SegWit2x reaffirm their hard fork plan:
https://github.com/segwit2x/segwit2x.github.io/pull/6/files

So you're telling me that i will own 3 different Bitcoins with same private key? MOAR FREE COINS?

[fabiorem]

SegWit2x reaffirm their hard fork plan:
https://github.com/segwit2x/segwit2x.github.io/pull/6/files

So you're telling me that i will own 3 different Bitcoins with same private key? MOAR FREE COINS?

This is inflation. That's the reason why bitcoin is not 4000 yet.

[Gab0]

That's why blocksize increase is an increase in CAPACITY but not a scaling solution, and Segwit+LN is an increase in Scaling (and thus in capacity).

How do you plan to liquidate your tx LN in a disabled blockchain?
Oh, right, paying $ 100 in fees.

Increasing the size of the blocks is a scalability solution.

As I have previously said I am pro reasonable block size increases as needed to provide the adequate infraestructure for both on-chain tx's AND LN settlements.

Could you explain to me, please, how will the LN transactions be processed in a decentralized way?

It seems to me that the value of a currency comes from its utility.
If we artificially limit the use of bitcoin to offchain transactions, we are limiting its value.

Bitcoin can be a store of value as long as it maintains its usefulness.

[bitserve]

That's why blocksize increase is an increase in CAPACITY but not a scaling solution, and Segwit+LN is an increase in Scaling (and thus in capacity).

How do you plan to liquidate your tx LN in a disabled blockchain?
Oh, right, paying $ 100 in fees.

Increasing the size of the blocks is a scalability solution.

As I have previously said I am pro reasonable block size increases as needed to provide the adequate infraestructure for both on-chain tx's AND LN settlements.

Could you explain to me, please, how will the LN transactions be processed in a decentralized way?

It seems to me that the value of a currency comes from its utility.
If we artificially limit the use of bitcoin to offchain transactions, we are limiting its value.

Bitcoin can be a store of value as long as it maintains its usefulness.

Small tx's, purchases, payments (that morning coffee) using LN. All the rest tx's directly on blockchain. Store of value, on blockchain.

This is what I really love about Bitcoin: Currently, you have cash (FIAT), and you have it on your posesion and control. You have your cash wallet from which you go paying small daily stuff but.... The BIG FIAT stash you have it on banks. You are not in direct possesion of it.

Bitcoin changes that, I want to be in posesion and control of my BIG stash. I don't care if my small wallet is in control of "third parties" ie: LN hubs as long as I posses/control the BIG part of my stash.  And this is completely compatible to the idea of blockchain tx's and LN tx's.

[Meuh6879]

The problem is that this contentious split will scare most ot the traders and they will start panic selling down to 40-50% from the ATH.

Yep, they panic ...



Because they don't have enough shit FIAT to buy REAL btc ...

[LFC_Bitcoin]

SegWit2x reaffirm their hard fork plan:
https://github.com/segwit2x/segwit2x.github.io/pull/6/files

So you're telling me that i will own 3 different Bitcoins with same private key? MOAR FREE COINS?

I didn't realise this, WTF more free altcoin's. Part of me wishes there was no fork & no split even if it has given me thousands of USD in BCH & could again via Segwitx2. This could be problematic for bitcoin in the long run.

[Meuh6879]

not even 1 altcoin raise above 300 USD.
it's not a bug.

[bitserve]

not even 1 altcoin raise above 300 USD.
it's not a bug.

I am not sure I understand what you mean, but... Byteball?

[bitserve]

SegWit2x reaffirm their hard fork plan:
https://github.com/segwit2x/segwit2x.github.io/pull/6/files

So you're telling me that i will own 3 different Bitcoins with same private key? MOAR FREE COINS?

I didn't realise this, WTF more free altcoin's. Part of me wishes there was no fork & no split even if it has given me thousands of USD in BCH & could again via Segwitx2. This could be problematic for bitcoin in the long run.

The combined value of an original BTC with its corresponding BCH is currently over $3600... not bad for a dying asset. Add to that the Byteball airdrops, stellar, clams... and we are talking about around $4000.

If you are also lending BTC (with the increased risk) you can extract even more value from it. I still have some guy borrowing some (fraction of BTC) from me at 2% daily! (almost 25% already, it's crazy).

[gentlemand]

I didn't realise this, WTF more free altcoin's. Part of me wishes there was no fork & no split even if it has given me thousands of USD in BCH & could again via Segwitx2. This could be problematic for bitcoin in the long run.

BCH will prove to be problematic enough in the long run, if there really were two Bitcoins by November I think it's badly rogered. I assume rationality will win out but perhaps rationality has left the building.

More strife. Yippee.

The scaling 'debate' which is really a power debate hasn't been solved in the slightest, it's just morphed again.

[Gab0]

That's why blocksize increase is an increase in CAPACITY but not a scaling solution, and Segwit+LN is an increase in Scaling (and thus in capacity).

How do you plan to liquidate your tx LN in a disabled blockchain?
Oh, right, paying $ 100 in fees.

Increasing the size of the blocks is a scalability solution.

As I have previously said I am pro reasonable block size increases as needed to provide the adequate infraestructure for both on-chain tx's AND LN settlements.

Could you explain to me, please, how will the LN transactions be processed in a decentralized way?

It seems to me that the value of a currency comes from its utility.
If we artificially limit the use of bitcoin to offchain transactions, we are limiting its value.

Bitcoin can be a store of value as long as it maintains its usefulness.

Small tx's, purchases, payments (that morning coffee) using LN. All the rest tx's directly on blockchain. Store of value, on blockchain.

This is what I really love about Bitcoin: Currently, you have cash (FIAT), and you have it on your posesion and control. You have your cash wallet from which you go paying small daily stuff but.... The BIG FIAT stash you have it on banks. You are not in direct possesion of it.

Bitcoin changes that, I want to be in posesion and control of my BIG stash. I don't care if my small wallet is in control of "third parties" ie: LN hubs as long as I posses/control the BIG part of my stash.  And this is completely compatible to the idea of blockchain tx's and LN tx's.

I love it, it's the same reason I went into bitcoin. But, at the moment, CORE does not represent that vision.
Core is limiting the use of bitcoin exclusively to offchain transactions. Just watch your reaction to the Segwitx2 deal. Core represents centralized power, and does not respect community consensus.

Many of them said bitcoin would not work, and now, nine years later, flaunting their power behind the repository created by Satoshi, they want to change the system of incentives that keeps the network safe.

They may be good developers, but they do not understand the economic principles behind bitcoin.

[Starving_Marvin]

not even 1 altcoin raise above 300 USD.
it's not a bug.

I am not sure I understand what you mean, but... Byteball?

Never forget 23skidoo / CHAO, which is running about 30 - 50 BTC a piece

[bitserve]

not even 1 altcoin raise above 300 USD.
it's not a bug.

I am not sure I understand what you mean, but... Byteball?

Never forget 23skidoo / CHAO, which is running about 30 - 50 BTC a piece

Completely Iliquid. You can't even sell a fraction of it without crashing the market.

Byteball, you could sell a few hundreds daily.