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

[Meuh6879]

I mean, miners themselves can send free transactions with no opportunity cost assuming the network wasn't already maxed out to manipulate this number to whatever they want.

No, they can't : https://bitcoincore.org/en/2016/06/07/compact-blocks-faq/
If they do this "all the time", they loose blocks ... because they don't use mempool.

[Meuh6879]

If Bitcoin Diamond has more proof of work than Bcash, then Bitcoin Diamond will become the real Bcash.

If Altcoins can kill marketcap (progression) of Bitcoin, build fork instead ... @E-Corp.

[Wekkel]

Here comes your unwanted Radix shill again...
https://www.youtube.com/channel/UCYs4kPcmZqmgZ9CREb97hvA

I read the white paper. Too much jargon for me to fully grasp but if this sharding thing works with full decentralisation, high Tx throughput and low fees, it could be a blast.

[Dabs]

You know things are getting desperate around here when ...

I'll quote you. I read what you post. I find it interesting. Doesn't change my mind about holdings and I have more than just the forks too. And yes, I have gold and silver too. Physical. My ring is tungsten.

While this is true, full blocks make this very time consuming and very expensive. Of course, mixing is a poor substitute for actual anonymity. But perhaps workable in practice for noninteresting transactions.

Even when blocks are full, I just pay $1 worth in tx fees and wait the next day. Sometimes it still confirms in 20 minutes even with that low of a fee. All my transactions are intentionally noninteresting, I try to blend in with the crowd. Sometimes I'll use a Coin Join too, just so I can get tainted with a few hundred others.

I should just hodl, but I have stuff to pay, and it's good that I'm actually using crypto to pay for living expenses, and toys.

[vortex1878]

Here comes your unwanted Radix shill again...
https://www.youtube.com/channel/UCYs4kPcmZqmgZ9CREb97hvA

I read the white paper. Too much jargon for me to fully grasp but if this sharding thing works with full decentralisation, high Tx throughput and low fees, it could be a blast.

Thanks for taking your time, Wekkel. Might be worth it.

On another note: Apologies for the roughness the other day. Might have been that you were not all wrong about Iota's shortcomings regarding the Bitfinex withdrawals. It was a late night. Peace.

For the Tx throughput please see here: http://explorer.radix.global/

I seriously have high hopes for the Radix project.

[Wekkel]

Radix has captured my attention for sure 

[HairyMaclairy]

I have high hopes for my portfolio.   I keep checking it every 10 minutes but I’m still not rich.

[Meuh6879]

When you see a Forked Node ... disconnect here !

https://bitcoincore.org/en/releases/0.15.1/

A number of changes to the way Bitcoin Core deals with peer connections and invalid blocks have been made, as a safety precaution against blockchain forks and misbehaving peers.

-    Unrequested blocks with less work than the minimum-chain-work are now no longer processed even if they have more work than the tip (a potential issue during IBD where the tip may have low-work). This prevents peers wasting the resources of a node.

-    Peers which provide a chain with less work than the minimum-chain-work during IBD will now be disconnected.

-    For a given outbound peer, we now check whether their best known block has at least as much work as our tip. If it doesn’t, and if we still haven’t heard about a block with sufficient work after a 20 minute timeout, then we send a single getheaders message, and wait 2 more minutes. If after two minutes their best known block has insufficient work, we disconnect that peer. We protect 4 of our outbound peers from being disconnected by this logic to prevent excessive network topology changes as a result of this algorithm, while still ensuring that we have a reasonable number of nodes not known to be on bogus chains.

-    Outbound (non-manual) peers that serve us block headers that are already known to be invalid (other than compact block announcements, because BIP 152 explicitly permits nodes to relay compact blocks before fully validating them) will now be disconnected.

-    If the chain tip has not been advanced for over 30 minutes, we now assume the tip may be stale and will try to connect to an additional outbound peer. A periodic check ensures that if this extra peer connection is in use, we will disconnect the peer that least recently announced a new block.

-    The set of all known invalid-themselves blocks (i.e. blocks which we attempted to connect but which were found to be invalid) are now tracked and used to check if new headers build on an invalid chain. This ensures that everything that descends from an invalid block is marked as such

Adaptation.
Evolution.
Networking.
Build the Future.

[ivomm]

https://www.bloomberg.com/news/articles/2017-11-22/gold-fund-joins-bitcoin-frenzy-as-bulls-see-prices-at-10-000

[HairyMaclairy]

https://www.bloomberg.com/news/articles/2017-11-22/gold-fund-joins-bitcoin-frenzy-as-bulls-see-prices-at-10-000

“Bitcoin was explicitly designed to be digital gold,” said Naylor-Leyland. “So if you’re going to have a small proportion of a fund in bitcoin, it should be in a gold fund, because that’s exactly the point. It’s about bringing the ownership of disciplined money into the modern world. Bitcoin is paving the way for the reintroduction of gold as global money.”

Bullish but hilarious. 5/7

[Arriemoller]

Guys, have all of you sold your Bitcoin Gold (BTG)?

I'm itching to sell them now, and do the following:

1. Buy Monero,
2. Buy more BTC.

What would you recommend? Should I sell my BTG now, or wait for a pump? And if I should sell now, which one of the two options would you recommend? I know this is altcoin territory, but it feels natural to ask here as I value your wisdom and opinion, and I'm sure many of you HoDL some altcoins in addition to BTC.

So, Bitcoiners, wait or sell your Gold, and what to buy?

When I read your post I decided to take a look at one of my old addresses that I got BTG from.
I had 2,90343491 on one address, I immediately sold them for BTC and got 0,05638211 BTC
Now, 2,90343491 BTG is today worth 833,63 USD and 0,05638211 BTC is worth 458,1 USD.
So I would have been better of hodling my BTG, however, in the long run BTC is going to outperform BTG big time, so I don't really care.
And you also have to consider that the less BTC you have, the less forkcoins and airdrops you will get.

[gembitz]

https://www.youtube.com/watch?v=EV412baN4yk

 

9KBTCBTCzzz

[pera]

Testing FF57 screenshot functionality 

[Rosewater Foundation]

Radix has captured my attention for sure 

I remember when Bitcoin was still a thing...

[ragnar0k]

Massive BCH pump... Let's hope they get to >2000$ so I can sell
Those pumps are getting quite profitable and predictable, I love it!

[Lopumbo]

Maybe tether-magic today is meant for shorting   #theflippening

[tranquanghuy]

Bcash news .Approximately 36 hours after the upgrade, a new block has been mined using the old protocol rules. This block 504032 is invalid...

[lightfoot]

Bcash news .Approximately 36 hours after the upgrade, a new block has been mined using the old protocol rules. This block 504032 is invalid...

Ah bitcrap. Need to transfer out the last of my bitcrap for bitcoin, any other systems besides shapeshift (who has two of my bitcoin cash things stuck there).

Meantime so..... much...... turkey...................

Burp.

[jbreher]

You know things are getting desperate around here when Torque and Jbreher quote me and remove all content from the quote because they're unable to put forth any argument whatsoever against it.  It will be two paragraphs and the quote will either be replaced with "..." or they will move things around to try and turn it into a pro-pump statement lol.  MatTheCat posts they have no problem quoting because they're easy to ridicule, but those r0ach posts have to be hidden to prevent the goyim from knowing.

I removed a buncha your text, because:
- it is not germane to my reply;
- your flawed axioms lead you to nonsensical conclusions; and
- there is a link right at your quote where people can click and read your entire post anyway.

Why so butthurt over this trivial matter?

I note you did not reply to my counterpoint. Out of ammo?

I don't know why you continue to troll here. Do you think you are being altruistic? XkcdHoneyICantComeToBedYetSomeoneIsWrongOnTheInternet.png? Masochistic?

Bitcoin -- so far -- has shown all the hallmarks of creating the largest transfer of wealth any of us will see in our lifetimes. You believe you have picked the right side of that singularity. The rest of us are comfortably over here on this side. Nothing I say is likely to change your mind. And the fact that you repeat the same points over and over (and over and...) reveal that you have no new considerations that are likely to change ours.

I mean, seriously - what the heck are you getting out of all your wall-head-smashing?

https://www.youtube.com/watch?v=EV412baN4yk

 

9KBTCBTCzzz

CmonBitcoinDoSomething.png

[Rosewater Foundation]

wait until the board hears i invested in the wrong bitcoin. boy will they be cheesed.