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

[Icygreen]

You're taking on societies entire value constructs with your argument which is ironically one of the largest utilities of bitcoin today.   Borderless, trustless, deflationary, voluntary participation, secure, indiscriminate, and unrevocable. All the things central banking can't be. It offers peaceful participation of choice in the monetary revolution we're seeing today and that sir is a massive utility towards positive change.  I participate because I believe this.

You people cannot be serious.  You're reading off a fictional list of traits from pumpers like Andreas Antonopolous.  It's NOT possible to create a decentralized digital currency, only ones that either start completely centralized from day one, or centralize more by the day.  In other words, you're either lying to people on purpose to try and profit from pump and dumps, or you don't know enough about the subject to comment.  I used to believe there may be some type of way to fix things, but no, there's not.  Bitcoin doesn't even remove counter party risk.  The amount of lies surrounding bitcoin is honestly astonishing.

O'rly, that's all you got? Seems like you'd rather squelch any hope and belief in folks rather than support a positive idea in which you certainly cannot predict the outcome and then shill for PM's which are proven to be cornered and manipulated.   It's not like we believe you genuinely care about us and our finances. You don't, you just really want to be right. Well, there's a lot of money and attention flowing into BTC over the past 7 years that says GFY. Sorry, not sorry, you got r0ached.  

[TERA2]

[Phil_S]

WO thread from 1 year ago is a fun read: 

https://bitcointalk.org/index.php?topic=178336.321420

[ErisDiscordia]

It's a matter of basic axioms. Lefties are weak and they know it so they want to rely on someone to care for them. Righties are strong and they know, instinctively, that they are strong, so they want to compete.

This was exactly my thought process when I was 18. Righties = strong, want freedom and self-reliance. Lefties = weak, want others to take care of them.

I'm not young enough anymore to know everything, though.

In the real world, after meeting countless people suffering the effects of systemic inequality, injustice and oppression I had to change my mind and discover that it's not that simple.

There are two types of people: those who divide people into two types and those who don't.

[ayesha201009]

I think today price on bitstamp will surpass 20k$ for each bitcoin... stay tuned and buy more

[jbreher]

one that can scale right now to peak-time VISA levels, by design.

Y'all realizer yer fabled LN can't scale to Visa levels without a huge block size increase, right?

I can't prove to you that it can, but I believe that it is several orders of magnitude better than a mere block size increase.

LN allows the same number of actors to engage in roughly unlimited numbers of transactions with each other. What it does not allow is more actors engaging in transactions.

If you think the future is properly just us assholes already in engaging in scads of trades with each other (how many transactions do you do per day?), then LN is probably for you.

If instead, you think that the 99.99% of the world that have not yet bought in might possibly be interesting to Bitcoin, then LN has essentially zero to offer you.

[Ibian]

It's a matter of basic axioms. Lefties are weak and they know it so they want to rely on someone to care for them. Righties are strong and they know, instinctively, that they are strong, so they want to compete.

This was exactly my thought process when I was 18. Righties = strong, want freedom and self-reliance. Lefties = weak, want others to take care of them.

I'm not young enough anymore to know everything, though.

In the real world, after meeting countless people suffering the effects of systemic inequality, injustice and oppression I had to change my mind and discover that it's not that simple.

There are two types of people: those who divide people into two types and those who don't.

You were smarter when you were younger.

Life is not complicated. People just pretend it is so if they cannot compete. It's just another defense mechanism.

[Ibian]

one that can scale right now to peak-time VISA levels, by design.

Y'all realizer yer fabled LN can't scale to Visa levels without a huge block size increase, right?

I can't prove to you that it can, but I believe that it is several orders of magnitude better than a mere block size increase.

LN allows the same number of actors to engage in roughly unlimited numbers of transactions with each other. What it does not allow is more actors engaging in transactions.

If you think the future is properly just us assholes already in engaging in scads of trades with each other (how many transactions do you do per day?), then LN is probably for you.

If instead, you think that the 99.99% of the world that have not yet bought in might possibly be interesting to Bitcoin, then LN has essentially zero to offer you.

Yogi is right. SHIT YOU GUYS, YOGI IS RIGHT! WHAT DO?!

[Last of the V8s]

http://sentienttrader.com/hurst-trading-room/blog/bitcoin-hurst-cycles-15-december-2017/
 

[flynn]

http://sentienttrader.com/hurst-trading-room/blog/bitcoin-hurst-cycles-15-december-2017/
 

Sometimes you need to put things in perspective.
http://money.visualcapitalist.com/worlds-money-markets-one-visualization-2017/

[HairyMaclairy]

We foreigners are real savages.  We like that our roads don’t have potholes, everyone has free healthcare and can get a high quality free education. Our problem is we are so oppressed by the left, we don’t even know what liberty means. /s  

[Icygreen]

My short term thinking of Lightning network, and do doubt "limited vision" is a separate settlement chain that would be funded via BTC only.   An idea similar to tether which will follow value movement of BTC and have an unlimited cap. It would only be created and issued as deposits of BTC are made into the network and able to scale to unlimited users where transaction which would be instantaneous and settled on said network. Only BTC transactions to the network would incur the mining fees and be recorded on the blockchain.  All BTC collected by lightning network would be immediately available for public purchase via any available pairs.
Ya, I know, there are holes in my proposal and surely easy to shoot down. Just feeling excited and dreaming into what will come after a couple shots of celebratory wiskey.

[Raja_MBZ]

How much time left in launch of bitcoin at CME? Any idea guys?

[El duderino_]

We had an ATH 24 hours ago, Dude.

I, for one, find all of this thrilling. 

You are not alone 🤗

[TERA2]

[fluidjax]

LN allows the same number of actors to engage in roughly unlimited numbers of transactions with each other. What it does not allow is more actors engaging in transactions.

Thats not correct.
I do 5 TX's on chain today, and blocks are full.
With lightning, I do 1 on chain, and do the other 4 off chain
This allows 4 other additional users to the do the same, therefore more actors.

[CistaCista]

Lefties are weak and they know it so they want to rely on someone to care for them. Righties are strong and they know, instinctively, that they are strong, so they want to compete.

So strong in fact, that they have to rely on a White House ban of the use of dangerous words like "science-based" and "transgender", lest their tender ears be shocked to bits by their use by scientists in the public sphere.

[bitserve]

LN allows the same number of actors to engage in roughly unlimited numbers of transactions with each other. What it does not allow is more actors engaging in transactions.

Thats not correct.
I do 5 TX's on chain today, and blocks are full.
With lightning, I do 1 on chain, and do the other 4 off chain
This allows 4 other additional users to the do the same, therefore more actors.

Yup, and thats only for your first day. Maybe the following days you just reuse your open LN channel and don't do any blockchain tx's. Therefore, much less tx's from current users means more capacity for more NEW users.

I really can't understand how some people don't get this... which is not saying there won't be needed a blocksize increase in the future if the number of new users raise dramatically.

[jbreher]

 (in before jbreher makes the bogus claim everyone will have their own foundry in their backyard within 2 years).

You know what? Fuck you and the pre-historic ancestor of the dromedary that you rode in on.

WTF that I have stated have you misinterpreted as a claim that the average person will be able to own their own semiconductor foundry.

Please.

Oh - you can't? I return you to the opening. Fuck You.

[HairyMaclairy]

How much time left in launch of bitcoin at CME? Any idea guys?

CBOE was 5 pm Central.   Pretty sure CME is the same.