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

[AZwarel]

gravity has to/is clearly works near instantly through the galaxy, otherwise it would fall apart.

Recent reception of gravitation waves simultaneously to light signals from a distant galaxy's dramatic dwarf stars collapsing one into another prove that wrong.

And quantum entanglement cannot be used to send information.

By definition, quantum entanglement IS information exchange in zero time regardless of distance. Changing the state of 'A' instantly changes the state of 'B', and any binary state system can be used for information exchange.

On gravity waves: https://www.youtube.com/watch?v=SFJjrD5pq_I
If you really are interested, you should check out alternate explanations as well.
Standard physics explanation on gravity is a logical fallacy resulting from circular argument:

Mass of particles generates a gravity field in the 3d spatial space (whatever that is, it is undefined in material terms), and particles have mass because the gravity field of other particles "pulls" on them in the 3d spatial space.

It is a circular argument, a closed loophole of thought. Does not explain the origin of mass in matter (no, Higgs-bozons are a hoax, which assumes the 3d spatial space has magical abilities, non measurable ofc).

[mymenace]

Found these questions popping up, interesting.


1) What is segwit?

2) Who is behind segwit?

3) Who is Blockstream?

4) Is bitcoin broken?

5) Why is it not?

6) Why do they say it is?

7) How long has block size debate being going on?

8 ) What are side chains?

9) How do side chains solve blocksize debate?

10) How does network, storage and cpu upgrades help blocksize?

11) Why is bitcoin unique to other coins?

12) Who would want bitcoin broken?

13) Why does bitcoin lag in software development?

14) What is unique about the bitcoin software environment?

15) Why is trust and transparency important?

 

[Ibian]

We need more throughput. Segwit is not nearly enough. I hope we can agree that far at least?

Ibian, there was never a time when Bitcoin users or even the Core developers, denied that more throughput or lower fees were needed.

BUT... it is completely disingenuous to bring up "more throughput needed" EVERY TIME that the network gets spammed by bad actors and create a massive backlog, but never bring it up when the network is operating normally and the mempool is nearly empty (which is like 95% of the entire year!).

Can we at least agree on that?

I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

[Last of the V8s]

Please, i can´t read all that was written in Wallobserver in a timely manner.
What was the gist of it ?
Can somebody help me out, thanks.

Like my wife says: Explain the Internet, but in five minutes . . .

So what's happening today. Anything interesting?

not really, little flash crash to mid channel

seems to be a lot of chatter about alt coins but meh

[Hyperjacked]

We need more throughput. Segwit is not nearly enough. I hope we can agree that far at least?

Ibian, there was never a time when Bitcoin users or even the Core developers, denied that more throughput or lower fees were needed.

BUT... it is completely disingenuous to bring up "more throughput needed" EVERY TIME that the network gets spammed by bad actors and create a massive backlog, but never bring it up when the network is operating normally and the mempool is nearly empty (which is like 95% of the entire year!).

Can we at least agree on that?

I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

And... You hit the nail on the head!!! That's what it's all about

Give us super fast service with low transaction fees

[BTCMILLIONAIRE]

We need more throughput. Segwit is not nearly enough. I hope we can agree that far at least?

Ibian, there was never a time when Bitcoin users or even the Core developers, denied that more throughput or lower fees were needed.

BUT... it is completely disingenuous to bring up "more throughput needed" EVERY TIME that the network gets spammed by bad actors and create a massive backlog, but never bring it up when the network is operating normally and the mempool is nearly empty (which is like 95% of the entire year!).

Can we at least agree on that?

I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

And... You hit the nail on the head!!! That's what it's all about

It should be, but it really isn't. Just look at how he dodged the question.

[CristiTCM]

where can i see this graph?

https://core.jochen-hoenicke.de/queue/#8h

Thanks, but how can i figure out if its buy or sell?

they're neither. they're transactions waiting to be processed.

edit try https://data.bitcoinity.org/markets/books/USD
or
http://bitcoin-analytics.com/
for buys vs sells

oh ok, thank you

[becoin]

Found these questions popping up, interesting.


1) What is segwit?

2) Who is behind segwit?

3) Who is Blockstream?

4) Is bitcoin broken?

5) Why is it not?

6) Why do they say it is?

7) How long has block size debate being going on?

8 ) What are side chains?

9) How do side chains solve blocksize debate?

10) How does network, storage and cpu upgrades help blocksize?

11) Why is bitcoin unique to other coins?

12) Who would want bitcoin broken?

13) Why does bitcoin lag in software development?

14) What is unique about the bitcoin software environment?

15) Why is trust and transparency important?

 

There is one very simple answer. Segwit makes bitcoin sidechains possible. Only sidechains can solve the scaling problem. There won't be one solution for the scaling problem. There will be many sidechains. Because different people have different ideas about money. Competition between bitcoin sidechains will show us the way.

[Arriemoller]

Bitcoin gold is now alive.

https://bitcoingold.org/bitcoin-gold-live/

[TheFlynn49]

By definition, quantum entanglement IS information exchange in zero time regardless of distance. Changing the state of 'A' instantly changes the state of 'B', and any binary state system can be used for information exchange.

On gravity waves: https://www.youtube.com/watch?v=SFJjrD5pq_I
If you really are interested, you should check out alternate explanations as well.
Standard physics explanation on gravity is a logical fallacy resulting from circular argument:

Mass of particles generates a gravity field in the 3d spatial space (whatever that is, it is undefined in material terms), and particles have mass because the gravity field of other particles "pulls" on them in the 3d spatial space.

It is a circular argument, a closed loophole of thought. Does not explain the origin of mass in matter (no, Higgs-bozons are a hoax, which assumes the 3d spatial space has magical abilities, non measurable ofc).

Of course I disagree, but we are in the wrong forum for this. If you're are looking for some credible faster-than-light information transport schemes, I suggest you check the work of Guenter Nimtz with the tunnel effect ... for example http://startrek.ehabich.info/ftl.htm

[Ibian]

We need more throughput. Segwit is not nearly enough. I hope we can agree that far at least?

Ibian, there was never a time when Bitcoin users or even the Core developers, denied that more throughput or lower fees were needed.

BUT... it is completely disingenuous to bring up "more throughput needed" EVERY TIME that the network gets spammed by bad actors and create a massive backlog, but never bring it up when the network is operating normally and the mempool is nearly empty (which is like 95% of the entire year!).

Can we at least agree on that?

I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

And... You hit the nail on the head!!! That's what it's all about

It should be, but it really isn't. Just look at how he dodged the question.

Who dodged what?

[Dakustaking76]

Guys bitcoin cash is Just a pump dump this Morning iT was $2484 now its lower then $1500
Highest And biggest shit coin ever.

For the real coin the one And Only
This is Just a correction pure nature reaction
The last time that the price was going Fast upwards we had a correction
Like this And the "ban of China for btc" iT was going realy Fast downwards
But then again iT recovered like a train

Take a popcorn, take a seat, watch the price that Will go up.
What goes down comes up And what goes up comes down But bitcoin gets every time stronger And a higher valeu.

Enjoy it.

[Torque]

I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

I agree. And if LN fails, then the naysayers might have a case. But right now they haven't even given LN a chance to prove itself.

And listen, most people don't understand what these asshole mega miners and whale traders really want. You think they want bigger blocks so they can lower fees for Average Joe's daily coffee buying benefit? Fuck all no.

What they want is not just faster on-chain transactions, but on-chain High Frequency Trading. They want high speed transactions on-chain, so they can high frequency wash trade and front run all the transactions worldwide. That's it. That's the real motivation behind it all. Mining datacenter hardware becomes the new HFT, Wall Street like platform. Plus they want complete, centralized control over the Bitcoin protocol and updates.

[mymenace]

Found these questions popping up, interesting.


1) What is segwit?

2) Who is behind segwit?

3) Who is Blockstream?

4) Is bitcoin broken?

5) Why is it not?

6) Why do they say it is?

7) How long has block size debate being going on?

8 ) What are side chains?

9) How do side chains solve blocksize debate?

10) How does network, storage and cpu upgrades help blocksize?

11) Why is bitcoin unique to other coins?

12) Who would want bitcoin broken?

13) Why does bitcoin lag in software development?

14) What is unique about the bitcoin software environment?

15) Why is trust and transparency important?

 

There is one very simple answer. Segwit makes bitcoin sidechains possible. Only sidechains can solve the scaling problem. There won't be one solution for the scaling problem. There will be many sidechains. Because different people have different ideas about money. Competition between bitcoin sidechains will show us the way.

Not to disagree but from other sources

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

[Ibian]

Found these questions popping up, interesting.


1) What is segwit?

2) Who is behind segwit?

3) Who is Blockstream?

4) Is bitcoin broken?

5) Why is it not?

6) Why do they say it is?

7) How long has block size debate being going on?

8 ) What are side chains?

9) How do side chains solve blocksize debate?

10) How does network, storage and cpu upgrades help blocksize?

11) Why is bitcoin unique to other coins?

12) Who would want bitcoin broken?

13) Why does bitcoin lag in software development?

14) What is unique about the bitcoin software environment?

15) Why is trust and transparency important?

 

There is one very simple answer. Segwit makes bitcoin sidechains possible. Only sidechains can solve the scaling problem. There won't be one solution for the scaling problem. There will be many sidechains. Because different people have different ideas about money. Competition between bitcoin sidechains will show us the way.

Sounds like another way to say altcoins.

[jojo69]

Beware of anyone using emotional terms like "bigblocktards" and the like. Arguments matter people, not emotional outbursts.

Indeed.  Any time I read anything like "bigblocktard" or "insane raspberry pi fetish" I move to the next post.

There are very real issues for debate, mere propaganda does a disservice to the thread.

[sirazimuth]

I notice that chatty ballet dancer dude seems to have buggered off in the middle of this shitstorm.
Cant say I blame him really...

[Lopumbo]

well, off-chain solutions are senseless if i only want to send an amount to an adress one time, because i have to open a channel on-chain.
that means for simple transactions (e.g. exchange-> wallet) its completly useless.

i have no idea why the "core" developers (or what's left of them) did not just implemented fast difficulty adjustment with variable blocksizes.
no they come up with "SegWit"...and you don't need segwit to do side-chains...

[Remember remember the 5th of November]

Beware of anyone using emotional terms like "bigblocktards" and the like. Arguments matter people, not emotional outbursts.

Indeed.  Any time I read anything like "bigblocktard" or "insane raspberry pi fetish" I move to the next post.

There are very real issues for debate, mere propaganda does a disservice to the thread.

How do you expect to have quality conversations and debates when you have shills, spammers  and scammers freely roaming this forum.

I too wish to partake in those discussions, and I mean with serious logical and objective opinions, but that is difficult.

[AlcoHoDL]

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE

Have you all read this sh*t? If you haven't, just read it. All of it. I don't think there's more to be said about this "coin"... I know the "enemy" has power, but I expected them to be better than this load of cr@p contained in this "Letter from the CEO"... Wow, we have a CEO now!