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

[bitserve]

I think it may be time for some retaliation attacks against Wu and Antpool who have demonstrably become malicious miners, attacking the bitcoin network.

They are withholding blocks, spamming the network to drive up fees and being a general nuisance to the point that if they were excluded from the mining network it would do more good than harm to bitcoin. They are doing everything in their power to subvert the network, without performing the 51% attack which they may actually be capable of.

https://tradeblock.com/bitcoin/

In short, someone needs to fuck these guys over seriously. It's well past time.

Let's hope, projects like DragonMint can outcompete them. Unfortunately, any efforts to DDOS them or orphan their blocks would probably quickly be mitigated by them.

WHat is worse... DDOS'ing them out of the network would probably create an ugly netsplit/fork potentially catastrophic to Bitcoin reputation. In fact it would sorta force the same result as a 51% attack (them being the longest chain after rejoin) without them being the bad guys.

What the hell, they could just fake being DDOS'ed and carry on with the (covert) attack. OTH, that could severely harm crypto confidence so much that they would also lose much of their investment.

It's the same reason that stops them trying to steal segwit "anyone_can_spend" funds... if sucessfull they would end up with a fork worth next to nothing.

In the end, money works keeping miners from being dishonest... or at least up to some limits of dishonesty.

What we need are some competitors in the asics scene. I have always wondered why the BIG guys like Winklevi, SIlbert and many others haven't invested in that line of business to support their current investment. There must be reasons, though.

[Torque]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

[bones261]

WHat is worse... DDOS'ing them out of the network would probably create an ugly netsplit/fork potentially catastrophic to Bitcoin reputation. In fact it would sorta force the same result as a 51% attack (them being the longest chain after rejoin) without them being the bad guys.

What the hell, they could just fake being DDOS'ed and carry on with the (covert) attack. OTH, that could severely harm crypto confidence so much that they would also lose much of their investment.

It's the same reason that stops them trying to steal segwit "anyone_can_spend" funds... if sucessfull they would end up with a fork worth next to nothing.

In the end, money works keeping miners from being dishonest... or at least up to some limits of dishonesty.

What we need are some competitors in the asics scene. I have always wondered why the BIG guys like Winklevi, SIlbert and many others haven't invested in that line of business to support their current investment. There must be reasons, though.

Well DragonMint may end up being worthy competion. Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

[explorer]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

kittehz

[gentlemand]

[

Well DragonMint may end up being worthy competion. Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

There's serious track record with mining vapourware. Bitmain are where they're at simply because they deliver where others don't.

[bitserve]

[

Well DragonMint may end up being worthy competion. Jiihan Wu,(or one of his friends,)  set up a parody site to malign it and BTC at the same time, soon after their announcement. https://tulipmining.com/

There's serious track record with mining vapourware. Bitmain are where they're at simply because they deliver where others don't.

Yup. That sums it all very well. At least atm.

[RoomBot]

'Once the "Bitcoin bubble" grows large enough it will not pop. It will become the atmosphere.'
https://twitter.com/francispouliot_/status/941806095193972736

Nice!

+1, that is a good one!

And Wall Street will try to pollute all over it until it has a hole in the ozone.

[Paashaas]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





https://www.lightningramp.com/

[RoomBot]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





https://www.lightningramp.com/

Way to outsource all the traffic you never could handle & keep adding onto, Cornbase!

Just in time for MASSIVE DUMPING of the BTrash they still owe their people.

I guess by now you all know Blockchain.info added BCrash. 

[Elwar]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

Is that Rootstock or something new?

[bitserve]

This seems legit, Coinbase made an ACE move with this.

Let's sink this in; Coinbase+Lightning.





https://www.lightningramp.com/

Legit? Irony?

[Torque]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

Is that Rootstock or something new?

I don't think it is related to Rootstock, looks like something new:
https://blog.chain.com/ivy-for-bitcoin-a-smart-contract-language-that-compiles-to-bitcoin-script-bec06377141a

[Rosewater Foundation]

I guess by now you all know Blockchain.info added BCrash. 

Like it or lump it, that bastard isn't going anywhere.

[OWZ1337]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

Is that Rootstock or something new?

STELLAR KiK Jew Crew team pumping to 5000 :-D weeeee
======================================
https://poloniex.com/exchange#btc_str

[bitserve]

https://www.lightningramp.com/

 I've actually given a lot of thought to running a well funded LN node, and play with fee arbitration.

 Lock away my Bitcoin so it makes more Bitcoin for me ?

 Sign me up for that shit.

Whatever you do, don't sign up your email to that site. It looks fishy as hell. (anonymous whois, non coinbase domain, simple webpage with incoherent copyright, etc etc).

About the seting up LN nodes... I would bet there will be already key actors like coinbase which will get the biggest piece of the cake as they could even offer a direct local wallet to LN ramp with no need for individual open/closing of channels. More so as I would expect that an efficient multipoint routing would come at a later stage of LN deployment.

[Elwar]

https://www.lightningramp.com/

 I've actually given a lot of thought to running a well funded LN node, and play with fee arbitration.

 Lock away my Bitcoin so it makes more Bitcoin for me ?

 Sign me up for that shit.

I think the caveat is that it has to be in a hot wallet, or am I mistaken?

I think a lot of people are thinking the same thing and a huge p2p LN will pop up made up of such individuals.

[HabBear]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

for the blockchain platform Ethereum provides, which allows people and companies to build their projects on. Bitcoin doesn't offer the blockchain, Ethereum does. Ethereum's business model is more tangible to businesses, governments, organizations that Bitcoin because it allows those entities to build projects and processes off the blockchain without having to code and develop and test their own!

[Rosewater Foundation]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

for the blockchain platform Ethereum provides, which allows people and companies to build their projects on. Bitcoin doesn't offer the blockchain, Ethereum does. Ethereum's business model is more tangible to businesses, governments, organizations that Bitcoin because it allows those entities to build projects and processes off the blockchain without having to code and develop and test their own!

Did ETH figure out how to unstuck those latest coins from that latest fiasco?

[bitserve]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

for the blockchain platform Ethereum provides, which allows people and companies to build their projects on. Bitcoin doesn't offer the blockchain, Ethereum does. Ethereum's business model is more tangible to businesses, governments, organizations that Bitcoin because it allows those entities to build projects and processes off the blockchain without having to code and develop and test their own!

Even if that were the case... Why not just use ETC instead? Is there any advantage ETH offers over ETC for running those contracts?

Unless you consider an advantage Vitalik being able to rollback the "blockchain" at will any time a HUGE fuckup happens again.

[xhomerx10]

https://twitter.com/danrobinson/status/942838041357570048

So now that Bitcoin has smart contracts capability, ETH is needed for...?

kittehz