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

[HanvanBitcoin]

 I'm a little bit nervous to have the sign knowing it will likely lead to lots of conversations during my sales time.

maybe print out a card with some links, then you can politely say "yes, it is the payment method of the future, but I don't have time to bring you up to speed on it right now, please check out these links and do your own diligence...it is your money.

I have allot of people asking me to show them how to purchase BTCitcoin and how it works. I Always tell them to watch the movie: Banking on Bitcoin.

If they dont even want to spend an hour and a half to get to know how bitcoin works im not helping them. If they do watch it and ask me again later i do help them with setting up an account on Kraken and show them how it works.

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[lightfoot]

So I think I'm feeling ready to make the move to accept bitcoin as an advertised method of payment in my jewelry business. I've been toying with the idea and suggesting it to customers for awhile now for the reaction.  In July, about 70% had heard of it, 1% had some but wouldn't use it, and around 30% who had heard of it said "not for me".  This week I noticed a much broader interest in bitcoin from my customers which turned into short conversations and several eavesdroppers approached me later to ask more about it.

My customers are largely middle and upper middle class.
I have a 17 day show starting this week and I've already printed the sign. BTCitcoin Accepted Here!

Very cool. I did some gold buys with a coin store and I found I spent a lot more when I was using Bitcoin (at $600-$800 a coin I sometimes kick myself but that's life). Let us know how it works out, more merchants should do this.

LF: Merchant who accepts bitcoins.

[Dakustaking76]

Many people from the Netherlands in bitcointalk. Greetings from Amsterdam!

Yes, Greetings from Eindhoven

Greetings from Raalte  Allemaal ook een paar jaar* salarissen verdient de afgelopen weken mag ik hopen? 

Groetjes uit Turkije(Izmir) normaal gesproken Rotterdam.

Ja dat kan je dus wel zeggen 

[empowering]

Did you guys miss this bit?

On launch today, Blockstream Satellite is already available across two thirds of the Earth’s landmass; and will reach global coverage – to everyone on the planet – by end of year. As more people access the Bitcoin blockchain with Blockstream Satellite, we expect to see even more adoption and use cases for Bitcoin as well as a strengthening of the overall robustness of the network.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Explore the system = https://blockstream.com/satellite/menu/

Current status    = https://blockstream.com/satellite/satellite/  

[Torque]

Very cool. I did some gold buys with a coin store and I found I spent a lot more when I was using Bitcoin (at $600-$800 a coin I sometimes kick myself but that's life).

There's an online merchant that got some of my bitcoin in exchange for gold and silver. Their bitcoin, should they still possess it, is now worth 34% more than my gold and silver.

But I'm not sad at all. A fair trade at the time.  

[jbreher]

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Guys, if I'm reading their website correctly, they've devised a way to transmit bitcoin transactions directly over radio wave. No internet required. This is gonna be HUGE.

Awfully sketchy on any details. One way or two? How many satellites in orbit? What percentage of the population do they cover? Uptime for each region?

Of course, we've had bitcoin transmission over packet radio for years.

I thought Blockstream didn't like Garzik's ideas?

edit: more info is indeed available. Looks like a one-way* broadcast of Blockstream's version of the definitive chain as per the mining backbone. Seems like a useful addition. Should also drive hime how fallacious the idea is that non-mining, fully-validating nodes add any value to the network. Any node using this will be on Blockstream's filtered version of the truth, or not participate at all.

*Looking for evidence of two-way comms. Without an uplink, the idea that this will allow participation by the masses lacking internet access is a hollow lie.

[quetschiquetsch]

 I'm a little bit nervous to have the sign knowing it will likely lead to lots of conversations during my sales time.

maybe print out a card with some links, then you can politely say "yes, it is the payment method of the future, but I don't have time to bring you up to speed on it right now, please check out these links and do your own diligence...it is your money.

I have allot of people asking me to show them how to purchase BTCitcoin and how it works. I Always tell them to watch the movie: Banking on Bitcoin.

If they dont even want to spend an hour and a half to get to know how bitcoin works im not helping them. If they do watch it and ask me again later i do help them with setting up an account on Kraken and show them how it works.

So you should have a BitCoin ATM

[Ludwig Von]

Many people from the Netherlands in bitcointalk. Greetings from Amsterdam!

Yes, Greetings from Eindhoven

Greetings from Raalte  Allemaal ook een paar jaar* salarissen verdient de afgelopen weken mag ik hopen? 

Groetjes uit Turkije(Izmir) normaal gesproken Rotterdam.

Ja dat kan je dus wel zeggen 

Ik zal er de Belgen maar bij doen, groet uit Gent... .

[Icygreen]

 I'm a little bit nervous to have the sign knowing it will likely lead to lots of conversations during my sales time.

maybe print out a card with some links, then you can politely say "yes, it is the payment method of the future, but I don't have time to bring you up to speed on it right now, please check out these links and do your own diligence...it is your money.

I have allot of people asking me to show them how to purchase BTCitcoin and how it works. I Always tell them to watch the movie: Banking on Bitcoin.

If they dont even want to spend an hour and a half to get to know how bitcoin works im not helping them. If they do watch it and ask me again later i do help them with setting up an account on Kraken and show them how it works.

Thanks for the tips. Recommending the video is a great idea.  If this goes over well, I also have an online store that I plan to do the same with at some point.

[empowering]

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Guys, if I'm reading their website correctly, they've devised a way to transmit bitcoin transactions directly over radio wave. No internet required. This is gonna be HUGE.

Awfully sketchy on any details. One way or two? How many satellites in orbit? What percentage of the population do they cover? Uptime for each region?

Of course, we've had bitcoin transmission over packet radio for years.

I thought Blockstream didn't like Garzik's ideas?

See my post above^^

Looks like 4 so far currently in orbit  https://blockstream.com/satellite/satellite/

[Denker]

Who sold at the bottom?

I'm not sure if this already was the bottom.
We could also see a second wave and drop to 3500 for a short while.
The newbies who joined this space just a few days ago and bought Bitcoin without knowing what it is and how it behaves learn their first hard lesson now. For us oldies here it's no big deal anymore. Let it drop, layer in if you have some money on the sideline and wait for the honeybadger to bounce and move up higher again.

[empowering]

Coverage Area

Blockstream Satellite currently covers nearly 2/3rds of the Earth's landmass. To see if you are in the coverage area, use our Interactive Coverage Map

Hardware Required

To utilize the Blockstream Satellite network, you must have the following hardware at a minimum. These items are available from resellers around the world and we are currently working with a vendor to provide complete kits and components.

Following is a list of all the hardware required:

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)

Blockstream Satellite is designed to work with small antennas only 45cm or larger in diameter. However, a larger antenna is always better. When possible, we recommend installing an antenna larger than 45cm if one is readily available. 60cm, 90cm, and 1.2m antennas are readily available.

Other than size, the only other requirement is that the antenna will work with Ku band and higher frequencies.

Satellite Frequency Bands

Blockstream Satellite operates in Ku band.

C band: 3.4 GHZ - 4.2 GHz

Ku band: 11.7 GHz to 12.7 GHz

Ka band: 17.7 GHz - 21.2 GHz



Software Requirements

Three software components are needed to utilize Blockstream Satellite:

Bitcoin Fibre: http://bitcoinfibre.org

GNUradio: http://gnuradio.org

Blockstream Satellite Receiver: https://github.com/Blockstream/satellite



All this and more = https://github.com/blockstream/satellite

[jojo69]

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)

has to be down only, there is no uplink gear in that BOM

[lightfoot]

Did you guys miss this bit?

On launch today, Blockstream Satellite is already available across two thirds of the Earth’s landmass; and will reach global coverage – to everyone on the planet – by end of year. As more people access the Bitcoin blockchain with Blockstream Satellite, we expect to see even more adoption and use cases for Bitcoin as well as a strengthening of the overall robustness of the network.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Explore the system = https://blockstream.com/satellite/menu/

Current status    = https://blockstream.com/satellite/satellite/  

Hm. I wonder if this can help the issue of providing a stable blockchain for the Martian colonies. I want to be sure I can withdraw Bitcoin at any Mars ATMs.

[Torque]

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)

has to be down only, there is no uplink gear in that BOM

Yeah, the bigger question is how does one become a satellite teleport station? And what hardware/software would be required? What are the reg requirements? Cost? So many questions....

[Last of the V8s]

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)

has to be down only, there is no uplink gear in that BOM

thanks

so we have to trust the chain they beam down? my node can't reject rule-breaking blocks? jbreher would love this

non-starter

[Lauda]

Correction imminent or just a big dump from someone?

Damn, I hope not too much of a correction. Definitely been a dump though, down to $4100 on Stamp. I hope $4000 holds.

Well, it didn't hold. Seems to have bottomed out at exactly 3800 which is quite odd, but I'll take it. Hopefully it stays above $4xxx this time around.

That picture is awesome and a perfect depiction of what was going on at the time.

[jbreher]

45cm Ku Band Satellite Dish (antenna)
PLL LNB (linear polarization) w/ < = 200kHz LO stability
LNB Power Supply
LNB Mounting Bracket
Software Defined Radio interface
Cables, Connectors, and Mounting Hardware
1. Minimum 45cm Satellite Dish (bigger is better)

has to be down only, there is no uplink gear in that BOM

thanks

so we have to trust the chain they beam down? my node can't reject rule-breaking blocks? jbreher would love this

non-starter

Yeah - I already found more info, and edited my post above (https://bitcointalk.org/index.php?topic=178336.msg20898842#msg20898842)

To rehash my edit:
more info is indeed available. Looks like a one-way* broadcast of Blockstream's version of the definitive chain as per the mining backbone. Seems like a useful addition. Should also drive hime how fallacious the idea is that non-mining, fully-validating nodes add any value to the network. Any node using this will be on Blockstream's filtered version of the truth, or not participate at all.

*Looking for evidence of two-way comms. Without an uplink, the idea that this will allow participation by the masses lacking internet access is a hollow lie.

[Last of the V8s]

[bitserve]

Did you guys miss this bit?

On launch today, Blockstream Satellite is already available across two thirds of the Earth’s landmass; and will reach global coverage – to everyone on the planet – by end of year. As more people access the Bitcoin blockchain with Blockstream Satellite, we expect to see even more adoption and use cases for Bitcoin as well as a strengthening of the overall robustness of the network.

https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Explore the system = https://blockstream.com/satellite/menu/

Current status   = https://blockstream.com/satellite/satellite/  

Hm. I wonder if this can help the issue of providing a stable blockchain for the Martian colonies. I want to be sure I can withdraw Bitcoin at any Mars ATMs.

That won't happen. Main limitation is that there is a 14 minute delay between Earth and Mars, and that is just for one way. The only way to have a stable blockchain would be with a network of interplanetary Lighting Network hubs. That way, if you have an open channel with the mars hub, you can do instant "local" (Martian) tx's.

Another benefit of Lighting Networks. Just saying.