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

[Torque]

Lol

https://twitter.com/AaronvanW/status/931513254861471749

[nanobtc]

Sung to the tune of "Royals", by Lourde?

Whales

I've never seen a Casascius in the flesh
I cut my teeth on doge coins with the groupies
And don't have no vanity address, in this Bitcoin boomtown,
no QR code envy

But every post's like Wall Street, futures, roller coaster to the moon,
blockchains, fake news, hashin' the mining boom,
We don't care, we're driving Teslas in our dreams.
But everybody's like bubble, black hat, shapeshift on your press release.
Jet planes, islands, Tethers are a conspiracy.  
We don't care, we aren't caught up in your love of bears.

And we'll never be whales (Whales).
It don't run in our FUD,
That kind of bucks just ain't for us.
We crave a different kind of buzz.
Let me be your Bcash drooler (drooler),
You can call me a Ponzi
And baby I'll drool, I'll drool, I'll drool, I'll drool.
Let me live that fantasy.

My friends and I—we've cracked the code.
We count our satoshis on the train to the party.
And everyone who knows us knows that we're fine with this,
We didn't come from crypto

Awesome!

[AlcoHoDL]

Lol

https://twitter.com/AaronvanW/status/931513254861471749

Amateurs writing amateur code...

[alexeft]

Lol

https://twitter.com/AaronvanW/status/931513254861471749

Oh, the dreadfull moment when you lose your fork under the table!!!  
Loved that one!

[Paashaas]

Lol

https://twitter.com/AaronvanW/status/931513254861471749

Amateurs writing amateur code...

Yep, and all the remaining bigblockers noobs are ok with ''bugged/manipulated'' code

Add centralisation, big blocks/nodes, Bcash CEO to the list....

[LFC_Bitcoin]

7950 on Stamp - Is this gentlemen?

[ghandi]

So, maybe the real reason why Segwit2x was canceled, was because the Segwit2x people recognized their software bug

[flynn]

Lol

https://twitter.com/AaronvanW/status/931513254861471749

Amateurs writing amateur code...

This buggy written-at-a-tube piece of code was supposed to manage the whole capitalization of bitcoin ?
This must be a joke

[preshpresh]

Whales

I've never seen a Casascius in the flesh
I cut my teeth on doge coins with the groupies
And don't have no vanity address, in this Bitcoin boomtown,
no QR code envy

But every post's like Wall Street, futures, roller coaster to the moon,
blockchains, fake news, hashin' the mining boom,
We don't care, we're driving Teslas in our dreams.
But everybody's like bubble, black hat, shapeshift on your press release.
Jet planes, islands, Tethers are a conspiracy.  
We don't care, we aren't caught up in your love of bears.

And we'll never be whales (Whales).
It don't run in our FUD,
That kind of bucks just ain't for us.
We crave a different kind of buzz.
Let me be your Bcash drooler (drooler),
You can call me a Ponzi
And baby I'll drool, I'll drool, I'll drool, I'll drool.
Let me live that fantasy.

My friends and I—we've cracked the code.
We count our satoshis on the train to the party.
And everyone who knows us knows that we're fine with this,
We didn't come from crypto

nice

now do glory and gore

[vroom]

what are your thoughts on this one?

We’re asking ourselves if legislators or central banks should intervene, as happened in China where they banned (the use of cryptocurrencies) because they consider them fraudulent

https://www.reuters.com/article/us-ecb-bitcoin-nowotny/ecbs-nowotny-says-central-banks-considering-cryptocurrency-regulation-idUSKBN1DG2NX?il=0

Nowotny is known for spreading FUD in austrian/european MSM.

[jojo69]

I heard a great quote the other day on a podcast, made me laugh.

The speaker said that the world current social events unfolding was "You know, like in that movie 'They Live'.... but instead of just the protagonist having the sunglasses, suddenly everyone has a pair."  

Lest We Forget...

'Rowdy' Roddy Piper

He Showed Us The Way

I'm here to dump BCH and kick ass...and I'm almost out of BCH

[European Central Bank]

what are your thoughts on this one?

We’re asking ourselves if legislators or central banks should intervene, as happened in China where they banned (the use of cryptocurrencies) because they consider them fraudulent

https://www.reuters.com/article/us-ecb-bitcoin-nowotny/ecbs-nowotny-says-central-banks-considering-cryptocurrency-regulation-idUSKBN1DG2NX?il=0

Nowotny is known for spreading FUD in austrian/european MSM.

icos will be regulated to the best of their ability, more likely it'll be like america and ico operators will shun identifiable europeans.

china hasn't and can't regulate any cryptocurrency. they can regulate exchanges and other ways to interact with them. that's what they're doing everywhere in the world already pretty much.

[soullyG]

Let's pop over $8k now, you can do eeeeeet  

[BitcoinBunny]

[Phil_S]

Yeah, it seems 8000 is a tough cookie.

[rafanadal]

Yeah, it seems 8000 is a tough cookie.

https://www.youtube.com/watch?v=ETTCPzO4UIM

[itod]

Lightning atop Bitcoin Segwit? With everyone settling twice a day? Great - you've just set the max number of users at less than quarter-million.

Is that what you wanted? If not, perhaps you need to devote more thought.

I'm not sure where you get your quarter-million number from. Bitcoin before gets us 3 to 4 tx/s

3 tx/s
180 tx/m
10,800 tx/h
259,200 tx/d
x1.7x if everyone uses segwit for 100% of their on-chain tx
440,600 segwit tx/d
/2 for settling twice a day
220,300 max users supported.

Show me a block representing 4 or more tx/s?
Segwit might increase block size greater than 1.7x under aberrational circumstances - but these circumstances include very large # inputs & outputs per tx. Still capped at 1.7x tx.
Your plan to double block size is a pig in a poke. Even allowing, the number of users supported is under a half million. Sound like a world beater to you?

or about half a million transactions a day, with Segwit that doubles, and if sometime in the future the blocksize is increased (the proper consensus agreed way), that doubles again. So we have 4 million transactions a day.

See above analysis.

Each of those transactions can be Lightning'd, as opening or closing a channel is just one transaction. So that's 4 million times maybe 1 million, or about a trillion transactions per day.

Yes, but if each user is to open and close a channel daily (your hypothetical, remember), Bitcoin Segwit can only support a quarter-million users. Even if I spot you the unobtainable number of 4 million, the only way you can hit a trillion tx/d is if each of your 4 million users initiates 1 million tx/d. I don't think there is a human alive that could generate that many transactions. Hell a preprogrammed Raspberry Pi cannot generate that many transactions in a day. A decent-spec consumer computer could. If it worked on it 'round the clock.

This does not include any other off chain scaling solutions or payment channels that are not Lightning, such as inside the same wallet (coinbase to coinbase.)

While this is true, you still have an insurmountable obstacle in the (1 open + 1 close per day) * number of users <= daily on-chain tx capacity.

Again spreading FUD after several people told you LN channels are not supposed to be closed quickly? BTC + Lightning channels will be able to do what your beloved big block forks will never would, not with Gigabyte blocks other BCH shills propose: Unlimited number of transactions per day, almost all of them happening in LN channels. Not only that channels can send funds to each other for the purpose of closing, search for news today where LN channels successfully worked between two different blockchains, BTC and LTC. So please stop embarrassing yourself by spreading this misinformation, find some other FUD topic of the day.

[BitcoinBunny]

oshit !

https://www.tesla.com/roadster/

Pretty sweet.

Faster acceleration than how quick Roger Ver can swap his Bitcoins to Bitcoin Cash and back again.

[Arriemoller]

in have much many lives. But the bitcoin rather do not throw out of the window.

Dude. Your Goolag Translate shenanigans are seriously turning my brain into a pretzel, while trying to make sense of the english text that is being thrown at my eyes.

I beg of you. Please fuck off back to whichever BCH-pimping-shithole you crawled out from.

I'll go out on a limb here and state that Bob would like it
if ruphej would kindly vacate the premises......

He would indeed much many like that.

[Torque]

oshit !

https://www.tesla.com/roadster/

Pretty sweet.

Faster acceleration than how quick Roger Ver can swap his Bitcoins to Bitcoin Cash and back again.

Tesla? Pfffft.

Elon Musk is going to end up the Tucker or DeLorean of our generation. History repeats.... sigh.