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

[empowering]

What I don't understand is the lifetime part. After 1000€ the card is dead ?

Like Neteller : if you want spend more than 1000 euros (like 100+500+400 in 3 months) with this unique card, you MUST transmit AML/KYC papers (phone, bank account, address proof, ID selfy).

It's not new.

Paypal does this since 10 years (when you are above 800-1000 euros, you must declare a bank account and address proof).

why are we talking about credit cards? lol bitcoin is powerful because you can send value WITHOUT I.D!!    ~noobs

I want to be able to spend a little BTC on the fly -in meat world, in places where they have no facility to accept BTC.


ps-thanks for the recommendations I shall check them out and start ordering a few methinks.

[fluidjax]

What I don't understand is the lifetime part. After 1000€ the card is dead ?

Like Neteller : if you want spend more than 1000 euros (like 100+500+400 in 3 months) with this unique card, you MUST transmit AML/KYC papers (phone, bank account, address proof, ID selfy).

It's not new.

Paypal does this since 10 years (when you are above 800-1000 euros, you must declare a bank account and address proof).

why are we talking about credit cards? lol bitcoin is powerful because you can send value WITHOUT I.D!!    ~noobs

I want to be able to spend a little BTC on the fly -in meat world, in places where they have no facility to accept BTC.


ps-thanks for the recommendations I shall check them out and start ordering a few methinks.

You need cream lightning
 https://www.youtube.com/watch?v=0UgiJPnwtQU&t=648s

[Torque]

Lightning-enabled Visa cards will absolutely crush Bitcoin's enemies to dust.

Muuuhahahaha!!! You hear that globalist bankers? That thunder clap is the sound of your impending doom.

[IntroVert]

... if S2X forks without replay protection, the fork will be a giant mess...

This is what is giving me pause deciding to sell BCH. As is, it provides a free protection option from this possible mess in November, so its utility in my eyes is more than the dumping gains at the moment.

[JimboToronto]

Good morning Bitcoinland.

Still creeping up nicely after that lovely dip a couple of nights ago... currently $4222USD/$5205CAD (Bitcoinaverage).

AltcoinCash is also still hanging in there at $670USD/$842CAD (Coinmarketcap).

Let's see how things go when segwit is fully activated.

Fun.  

[conspirosphere.tk]

... if S2X forks without replay protection, the fork will be a giant mess...

This is what is giving me pause deciding to sell BCH. As is, it provides a free protection option from this possible mess in November, so its utility in my eyes is more than the dumping gains at the moment.

and that's part of their plan. It's an attack on two fronts to lead you where they want you (in their shitcoin prison).

[IntroVert]

... if S2X forks without replay protection, the fork will be a giant mess...

This is what is giving me pause deciding to sell BCH. As is, it provides a free protection option from this possible mess in November, so its utility in my eyes is more than the dumping gains at the moment.

and that's part of their plan. It's an attack on two fronts to lead you where they want you (in their shitcoin prison).

Yeah, I can see how segwit2x can be a sacrificial lamb in order for BCH to survive, without Segwit as some big players have always wanted.

[Last of the V8s]

https://github.com/btc1/bitcoin/pull/117 Add opt-in transaction avoidance #117
slowly slowly catchy donkey

[harrymmmm]

I was offered what would now be about $2 per post if I put their ad in my signature.

Still not going to do it.

whose ad was that?

Bitmixer was offering $2 to $3 (0.7mBTC) per post around the time theymos killed sigs here.

[Samarkand]

BTC is not exactly cheap and quick to send at the moment either. For a transaction with some inputs (976 bytes) Electrum suggested a whopping 0,0047BTC fee !

I was wondering what would happen, if I discard the standard Electrum fee with a transaction like this and instead send
it with a customized small fee like 0.00005 BTC.

If my transaction gets confirmed in a day or so, everything worked out.

What would happen to the transaction, if the mempool hasn´t been cleared and my transaction doesn´t get confirmed?
I read somewhere that it will be removed from the mempool after a few days, but what exactly happens to the sent funds
and the included fee? Are both returned to the sending address? Is it necessary to accelerate the transaction (how exactly
does that work?) and if I fail to do this the transaction amount + the attached fee are lost forever?

[Torque]

... if S2X forks without replay protection, the fork will be a giant mess...

This is what is giving me pause deciding to sell BCH. As is, it provides a free protection option from this possible mess in November, so its utility in my eyes is more than the dumping gains at the moment.

and that's part of their plan. It's an attack on two fronts to lead you where they want you (in their shitcoin prison).

Yep. BitcoinXT failed. BU failed. BCH will fail. 2X will fail. And then what's next? Probably another fork. And another. And another. And another.

But that attack vector won't work. It'll lose any effectiveness whatsoever. Because after the 2X failure, Bitcoiner's belief and resolve in Bitcoin^TM will be solidified. Entrenched. Unshakable. They will have firmly cemented the very thing they have been desperately trying to undo: Belief.

Bitcoin^TM is King. All other fork clones are altcoin imitations designed to distract, dilute, and ultimately compromise the belief of the masses.

[Last of the V8s]

BTC is not exactly cheap and quick to send at the moment either. For a transaction with some inputs (976 bytes) Electrum suggested a whopping 0,0047BTC fee !

I was wondering what would happen, if I discard the standard Electrum fee with a transaction like this and instead send
it with a customized small fee like 0.00005 BTC.

If my transaction gets confirmed in a day or so, everything worked out.

What would happen to the transaction, if the mempool hasn´t been cleared and my transaction doesn´t get confirmed?
I read somewhere that it will be removed from the mempool after a few days, but what exactly happens to the sent funds
and the included fee? Are both returned to the sending address? Is it necessary to accelerate the transaction (how exactly
does that work?) and if I fail to do this the transaction amount + the attached fee are lost forever?

that fee is probably too small
you don't lose your money or fee if your tx is never confirmed
https://pool.viabtc.com/tools/txaccelerator/ Too low fee: We only provide accelerator services for those with at least 0.0001BTC/KB transaction fees;
google how to work out that part
don't believe much else on viabtc site
o one more thing q boring you have to press the submit button on that page at 1 and a half seconds before the hour!

[aesma]

BTC is not exactly cheap and quick to send at the moment either. For a transaction with some inputs (976 bytes) Electrum suggested a whopping 0,0047BTC fee !

I was wondering what would happen, if I discard the standard Electrum fee with a transaction like this and instead send
it with a customized small fee like 0.00005 BTC.

If my transaction gets confirmed in a day or so, everything worked out.

What would happen to the transaction, if the mempool hasn´t been cleared and my transaction doesn´t get confirmed?
I read somewhere that it will be removed from the mempool after a few days, but what exactly happens to the sent funds
and the included fee? Are both returned to the sending address? Is it necessary to accelerate the transaction (how exactly
does that work?) and if I fail to do this the transaction amount + the attached fee are lost forever?

With a low fee it will take forever to confirm or never confirm. The funds will be in limbo. You must shut down your wallet software and wait, after a week it should clear from the mempool. Electrum allows replaceable fees so that's another possibility, increase the fee. I've done it today, in fact.

Acceleration is done using viabtc transaction accelerator for example. The fee must still be at least 50 satoshis per byte.

My 976 bytes transaction turned out to be 1100 bytes or therabout when broadcast. Electrum gives false information, not cool. So it was under 50 satoshis/byte. I accelerated it but could not have the message that it had worked (I didn't have a message that it didn't work either). Two hours later I increased the fee a little, then accelerated it again, this time it worked, 1st confirmation about 1 hour later.

You must do the acceleration at the top of an hour to get a spot.

[megashira1]

... if S2X forks without replay protection, the fork will be a giant mess...

This is what is giving me pause deciding to sell BCH. As is, it provides a free protection option from this possible mess in November, so its utility in my eyes is more than the dumping gains at the moment.

and that's part of their plan. It's an attack on two fronts to lead you where they want you (in their shitcoin prison).

Yep. BitcoinXT failed. BU failed. BCH will fail. 2X will fail. And then what's next? Probably another fork. And another. And another. And another.

But that attack vector won't work. It'll lose any effectiveness whatsoever. Because after the 2X failure, Bitcoiner's belief and resolve in Bitcoin^TM will be galvanized. Entrenched. Unshakable. They will have firmly cemented the very thing they have been desperately trying to undo: Belief.

Bitcoin^TM is King. All other fork clones are altcoin imitations designed to distract, dilute, and ultimately compromise the belief of the masses.

How will 2x fail when it has 90% ecosystem support? It will be BTC (main chain) and the minority chain of Segwit1x will be non-contentious and rather trivial.

[becoin]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

[jbreher]

We could have 20 MB blocks and it would still be trivial to run a node at home on a single machine.  Mining is at peak centralization now for one reason: ASICs.  There are precious few manufacturers and they are smart enough to realize it is more profitable to just use them then to sell them.  If mining hardware were more widely available there would be much less centralization.  Block size is a red herring.

Of course, I'm merely guessing, but I guess you've not seen the recent work calculating the GINI coefficients regarding mining vis a vis other aspects of the ecosystem?

source please. craig?

Balaji Srinivasan (CEO of 21): https://news.21.co/quantifying-decentralization-e39db233c28e . There is a vid of him presenting this analysis on Youtube as well: https://www.youtube.com/watch?v=4UXT5YVJwB4 . Bottom line: mining is one of the least centralized aspects of Bitcoin. Counterintuitive, but that's his analysis, anyhoo.

[jbreher]

Does anyone here use any of the Bitcoin debitcards that you can load with BTC and spend your BTC anywhere?

I want to get me one and any recommendations/warning etc would be appreciated.

The more private the better

I have the SHIFT card. It's from Coinbase. I don't use it - I'd rather spend fiat than crypto. But it is Visa-branded, and converts only at moment of purchase. I like having it, just in case I need it. Probably not private.

[Last of the V8s]

We could have 20 MB blocks and it would still be trivial to run a node at home on a single machine.  Mining is at peak centralization now for one reason: ASICs.  There are precious few manufacturers and they are smart enough to realize it is more profitable to just use them then to sell them.  If mining hardware were more widely available there would be much less centralization.  Block size is a red herring.

Of course, I'm merely guessing, but I guess you've not seen the recent work calculating the GINI coefficients regarding mining vis a vis other aspects of the ecosystem?

source please. craig?

Balaji Srinivasan (CEO of 21): https://news.21.co/quantifying-decentralization-e39db233c28e . There is a vid of him presenting this analysis on Youtube as well: https://www.youtube.com/watch?v=4UXT5YVJwB4 . Bottom line: mining is one of the least centralized aspects of Bitcoin. Counterintuitive, but that's his analysis, anyhoo.

oh yeah thanks i guess. saw him getting the treatment on twitter when that came out. yeah, mining - maybe.

[Meuh6879]

and you need 20 ... ?

[fluidjax]

15 hours.

11 confirmations

B_itCH is fucking awesome ! _/s

Is mining this dual BCH/BCC system going to converge on a oscillation, an equilibrium or end up being chaotic?