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

[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.

[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.

Tesla? Pfffft.

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

Someone put it aptly:
Tesla: We can’t deliver cars we already sold but here are some more cars you can send us money for.

[JimboToronto]

Well good morning Bitcoinland.

I see we finally got our ATH but not $8k yet... currently $7919USD/$10151CAD (Bitcoinaverage).

Total including forkcoins is $9157USD/$11730CAD (Coinmarketcap).

Nice to be over $10kCAD. That's a significant milestone.

Now let's get over $8kUSD. Go Bitcoin go.
 

[jojo69]

Glorious fall day here in my neck of the woods, as much as I'd like to hang out with y'all on 8K watch I'm going out in meatspace and do stuffs on the material plane.

Bob, you have the con, steady as she goes.

[Arriemoller]

Look what I got in the mail.


"Hello,

I sell an e-mail database of Bitcointalk forum users.

Quantity of unique e-mails: 543,690
63,000 users from parsing and
492,000 users from the dump purchased on DarkNet.

The database is not fake, you can check it by doing the following:
1. Find any e-mail on any Bitcointalk page
2. Tell me first three characters of that e-mail
3. I send you all e-mails from my database that begin with these characters

The price of the database is 1 BTC.

This database can be used to involve new investors in ICO projects and find partners for any crypto-currency business.

If you are interested, do not hesitate to contact me.

Ivan Morozov
ivanbases@stend.pw"

[Arriemoller]

Oh, and I also got this one.

"Hi, my name is Natasha I am sad and dreary one - there - In Moscow, I live alone now hooked up the internet, that's looking for someone to talk to, I have a web camera as well as personal page on the internet wondergirlsrus.ru , come on, help me to remove my sadness."

[vroom]

Oh, and I also got this one.

"Hi, my name is Natasha I am sad and dreary one - there - In Moscow, I live alone now hooked up the internet, that's looking for someone to talk to, I have a web camera as well as personal page on the internet wondergirlsrus.ru , come on, help me to remove my sadness."

natasha is such a wh*re, she wrote me and all my friends too.

[Arriemoller]

Oh, and I also got this one.

"Hi, my name is Natasha I am sad and dreary one - there - In Moscow, I live alone now hooked up the internet, that's looking for someone to talk to, I have a web camera as well as personal page on the internet wondergirlsrus.ru , come on, help me to remove my sadness."

natasha is such a wh*re, she wrote me and all my friends too.

Giggle.

[Torque]

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

 Sadly, I fear you may not be too far off with that comparison.

 TBH, I'm really holding out for the Porsche EV's due out around the next halvening  

Yeah, Tesla is quickly running out of other people's money, and the bail outs are going to end at some point soon.

Not to mention that every major car manufacturer will quickly close the gap on the All-EV market within 2-3 years. Chevy just launched their Bolt EV. It looks like it could be a winner for the mid-range market. Still a little pricey for what it is though. But the govt fed tax credit helps.

[flynn]

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

 Sadly, I fear you may not be too far off with that comparison.

 TBH, I'm really holding out for the Porsche EV's due out around the next halvening 

bitcoin is going to save the car industry ...

[RealMachasm]

Looks like another BCH pump-in-the-making.

Round 2 (... or is it 3, now ?) in the works ?

Do these pumps coincide with when BCH is more profitable to mine which relates to the diff level?
If the hash rate keeps switching, wont the BTC diff rate change down at some point? (assuming that some of the hashes that were on BTC are being diverted to BCH) and that would make BTC more profitable at that point.
I assume that this seesawing will continue until some equilibrium is met or until one chain begins to become more dominant?

[AlcoHoDL]

Look what I got in the mail.


"Hello,

I sell an e-mail database of Bitcointalk forum users.

Quantity of unique e-mails: 543,690
63,000 users from parsing and
492,000 users from the dump purchased on DarkNet.

The database is not fake, you can check it by doing the following:
1. Find any e-mail on any Bitcointalk page
2. Tell me first three characters of that e-mail
3. I send you all e-mails from my database that begin with these characters

The price of the database is 1 BTC.

This database can be used to involve new investors in ICO projects and find partners for any crypto-currency business.

If you are interested, do not hesitate to contact me.

I*** M***
***@***.***"

I think you should edit out the guy's name and email address... Now you are almost advertising him...

[flynn]

Oh, and I also got this one.

"Hi, my name is Natasha I am sad and dreary one - there - In Moscow, I live alone now hooked up the internet, that's looking for someone to talk to, I have a web camera as well as personal page on the internet wondergirlsrus.ru , come on, help me to remove my sadness."

She probably wants to pump your BCH's

[Arriemoller]

This also in my mail. FUD from Falkvinge.


https://falkvinge.net/2017/11/17/new-google-management-decided-search-cost-20-take-eight-hours-deliberately-unreliable-bitcoin/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Falkvinge-on-Infopolicy+%28Falkvinge+on+Liberty%29

[Arriemoller]

Look what I got in the mail.


"Hello,

I sell an e-mail database of Bitcointalk forum users.

Quantity of unique e-mails: 543,690
63,000 users from parsing and
492,000 users from the dump purchased on DarkNet.

The database is not fake, you can check it by doing the following:
1. Find any e-mail on any Bitcointalk page
2. Tell me first three characters of that e-mail
3. I send you all e-mails from my database that begin with these characters

The price of the database is 1 BTC.

This database can be used to involve new investors in ICO projects and find partners for any crypto-currency business.

If you are interested, do not hesitate to contact me.

I*** M***
***@***.***"

I think you should edit out the guy's name and email address... Now you are almost advertising him...

I was thinking more like people here could spam his inbox.

[AlcoHoDL]

Looks like another BCH pump-in-the-making.

Round 2 (... or is it 3, now ?) in the works ?

I don't know if it's a BCH pump, but BTC is holding nicely. It looks like they've run out of steam now, and can only do minor damage.

Well, I hope so! Come Monday, we'll know.