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

[fabiorem]

I dumped the remaining small fraction of BCH I had. Now I'm thinking about Bglod, should I move BTC to a new wallet before claiming Bglod? Is Bglod safe against replay protection? There was some news about malware links in their website.

[1714835886]

1714835886

[1714835886]

1714835886

[Syke]

Way too high.

Yeah, it's getting way up there. Something like 500+ for a quick confirm.

https://jochen-hoenicke.de/queue/#24h

[explorer]

Welp, my ledger is stuck. Initiated it, transferred a small amount, wiped it and restored just to make sure that part worked. Aaaand it's stuck. Only displays the setting option and won't let me click on to bitcoin. Opening the wallet app does nothing, resetting it again does nothing. This does not inspire confidence.

On the other hand, my trezor seems to be working just fine.

Good to know.  I have gotten a Ledger recently but have not tested it out.  Restoring from seed always makes me sweat.

I may receive mine someday, if my BTC payment ever gets confirmed.  What's the required sat/B these days anyway?

Way too high.

Ya I got that.  Maybe I have not been paying attention, but >500 sat/B seemed exorbitant.  It's been a hour.  At what point does bitpay say fuck you, you no get toys?

[JayJuanGee]

Well, I am lost.   I thought that my perspective was fairly worldly, but I have no clue about what is an r.  Go figure?

I think they're talking about https://en.wikipedia.org/wiki/R/K_selection_theory.

Thanks for that reference, Syke.   I was kind of beginning to understand the outline of the references between Ibian and Bob after reading further their back and forth posts.

[bitserve]

I dumped the remaining small fraction of BCH I had. Now I'm thinking about Bglod, should I move BTC to a new wallet before claiming Bglod? Is Bglod safe against replay protection? There was some news about malware links in their website.

It is safe. It has native replay protection and also the addressing is incompatible with Bitcoin.

Usually it is a safe precaution to move your Bitcoins first but.... after much consideration (secure replay protection, *HIGH* tx fees and hassle to move all my addresses, etc) I decided to just move the Bgold directly. Using a Ledger nano.

There was a malicious software wallet on the web that stole both BTC and BTG. Never give your private keys to a software wallet and, if for some reason you do, MOVE your bitcoin out FIRST.

P.S.: I have just sold a very small part. I don't have no hurry and will try to catch better prices in the future. Ideally a crazy flash pump.

[Rosewater Foundation]

I'm about to update the firmware on my Trezor. Pray for me.

Just did it 5 minutes ago, all good!

Really? What version were you on? I aborted the update. I don't know if Bglod is high enough yet to mess with a good thing.

I had previously used the beta version to claim btg, now on the latest 1.6 I believe.  All smooth, no worries.

Thing is, btg is currently just rising with the alt tide. I'm waiting for the kind of pump that would sicken most people.

I did change the homescreen to a Honey Badger tho, so some progress.

[HairyMaclairy]

A warning with the Trezor.  It wiped my device when I upgraded the firmware so you will need the seed.   Also if you are several firmware versions behind, you have to do multiple installs until the fingerprint matches. I just kept aborting until the fingerprint eventually matched.

[LewisPirenne]

Well lots of spam tx do come from this whale address with 35K BTC.

https://blockchain.info/address/1CCUx4uRbHekUgqSeUm969G6oZ1KhvKagQ

Just keep following the split into 100 BTC and 1 BTC,

https://blockchain.info/address/16WkWhvfUtWuL62hLKyLXjRTHzQRy2zUXC
https://blockchain.info/tx/fc3e64581b89406eabc1655b0cc922c19233b7d54960fd04bfcb13fe5b8da66c
https://blockchain.info/address/13GDCrMhVnsdGFDEEKJr1t9A5cHYUMT9sM

and you will get tx like this.

https://blockchain.info/tx/f3d38a015f8c68bfc62187d3497ac74b673fb788bedfe8d1a9a86fa1d07ccee9

Each batch of spam pay the exact same fee, but they are adjusting higher to make sure that they squeeze into next block and take up block space.  I have see it gone up from 750 satoshi/byte to 820 satoshi/byte now.

[sirazimuth]

Welp, my ledger is stuck. Initiated it, transferred a small amount, wiped it and restored just to make sure that part worked. Aaaand it's stuck. Only displays the setting option and won't let me click on to bitcoin. Opening the wallet app does nothing, resetting it again does nothing. This does not inspire confidence.

On the other hand, my trezor seems to be working just fine.

Good to know.  I have gotten a Ledger recently but have not tested it out.  Restoring from seed always makes me sweat.

Figured it out. If you reset it you wipe the entire device, not just any crypto. Had to install a ledger manager extension in chrome, then use that to install the bitcoin managing software. That done, it worked again, the the coins were there.

Dumb fucking way to do it imo. Maybe I'll stick half my cold stash in an offline laptop wallet after all until I trust these things a little more.

Ledger has split all my coins for me painlessly as well as giving me peace of mind. I love it.
Yeah, what with current price of bitcoin,doing anything on that thing now makes me sweat.
When I moved my stash from Coinbase right before the btrash launch I'll admit I was sweating bullets
waiting for the coins to show up...and that was  back in July (2017) when price was way less than now.
Cant imagine what one goes thru now moving a stash in one click worth millions.
So heres what I did... buy another Ledger to practice on and test your seed and install firmware etc.
No worries if something goes wrong.

[Rosewater Foundation]

A warning with the Trezor.  It wiped my device when I upgraded the firmware so you will need the seed.   Also if you are several firmware versions behind, you have to do multiple installs until the fingerprint matches. I just kept aborting until the fingerprint eventually matched.

Mine is on version 1.3. So it might take some extra futzing.

[Ivor Biggun]

Welp, my ledger is stuck. Initiated it, transferred a small amount, wiped it and restored just to make sure that part worked. Aaaand it's stuck. Only displays the setting option and won't let me click on to bitcoin. Opening the wallet app does nothing, resetting it again does nothing. This does not inspire confidence.

On the other hand, my trezor seems to be working just fine.

Good to know.  I have gotten a Ledger recently but have not tested it out.  Restoring from seed always makes me sweat.

I may receive mine someday, if my BTC payment ever gets confirmed.  What's the required sat/B these days anyway?

Way too high.

Ya I got that.  Maybe I have not been paying attention, but >500 sat/B seemed exorbitant.  It's been a hour.  At what point does bitpay say fuck you, you no get toys?

According to the bitcoinfees site you need to pay 860 satoshis/byte for fast transactions. It says a 500 sat/byte fee transaction could take between 30 to 840 minutes to confirm.

https://bitcoinfees.earn.com/

The fastest and cheapest transaction fee is currently 860 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 194,360 satoshis.

[HairyMaclairy]

Well lots of spam tx do come from this whale address with 35K BTC.

https://blockchain.info/address/1CCUx4uRbHekUgqSeUm969G6oZ1KhvKagQ

Just keep following the split into 100 BTC and 1 BTC,

https://blockchain.info/address/16WkWhvfUtWuL62hLKyLXjRTHzQRy2zUXC
https://blockchain.info/tx/fc3e64581b89406eabc1655b0cc922c19233b7d54960fd04bfcb13fe5b8da66c
https://blockchain.info/address/13GDCrMhVnsdGFDEEKJr1t9A5cHYUMT9sM

and you will get tx like this.

https://blockchain.info/tx/f3d38a015f8c68bfc62187d3497ac74b673fb788bedfe8d1a9a86fa1d07ccee9

Each batch of spam pay the exact same fee, but they are adjusting higher to make sure that they squeeze into next block and take up block space.  I have see it gone up from 750 satoshi/byte to 820 satoshi/byte now.

We need to break the mining monopoly.  Miners would not be able to afford stunts like this if mining was not monopolized.


Of course you can imagine how the miners would fuck you over with Bcash if it ever got popular.

[lightfoot]

We need to break the mining monopoly.  Miners would not be able to afford stunts like this if mining was not monopolized.

Of course you can imagine how the miners would fuck you over with Bcash if it ever got popular.

This has nothing to do with a mining monopoly. Limited space, lots of people, slots go to the highest bidder. What would be better, random choices of what goes into the block, or bigger blocks which is called um... btrash.

[realr0ach]

This market is a joke.  ALL alts no matter how useless and shitty up +50% at the same time for no reason LOL.  And where did the money come from?  The same money that was used to pump bitcoin of course.  After the handful of people controlling BTC price couldn't find anyone to buy their absurdly overpriced bitcoins, they move to the next coin to try and pump and dump it.  What more evidence do you need that every single one of these coins whether it's BTC or an alt is nothing but a pump and dump?  The real carnage begins after they find nobody to buy these overpriced alts, then both BTC + alts implode together.

[d_eddie]

We need to break the mining monopoly.  Miners would not be able to afford stunts like this if mining was not monopolized.

Of course you can imagine how the miners would fuck you over with Bcash if it ever got popular.

This has nothing to do with a mining monopoly. Limited space, lots of people, slots go to the highest bidder. What would be better, random choices of what goes into the block, or bigger blocks which is called um... btrash.

I think monopoly does have to do with it. Miners would be wary to spam if uncertain about who takes the mining fees, as in 1/n uncertain (assuming n independent mining pools of roughly equal hashpower).

So my opinion is: more competition is what we need. A miner in every bitcoin-aware home, as suggested by our resident star BobLabLaw.

[Rosewater Foundation]

I want a man who will give me a genius baby.

Interesting.

[d_eddie]

Oh and by the way, now that we're going sideways and things have slowed down, I'll try again to vote 23k for our Dec 31 prediction poll.

Oops, I still can't! 

How do I vote for 23k on the Dec 31 poll ?

The $22k-$24k
range
is
missing .

Both me and JJG already pointed this out a few days ago, but infofront probably missed our posts. I'm also waiting for him to add that missing range, so I can vote...

Ah. Maybe my post will stand out more and get noticed?

[gentlemand]

This has nothing to do with a mining monopoly. Limited space, lots of people, slots go to the highest bidder. What would be better, random choices of what goes into the block, or bigger blocks which is called um... btrash.

Of course it is. The blockchain became empty a few hours after miners thought they were getting 2X.

Before that there was maybe even more vocalised fee pain than there is now.

[jbreher]

Well lots of spam tx do come from this whale address with 35K BTC.

https://blockchain.info/address/1CCUx4uRbHekUgqSeUm969G6oZ1KhvKagQ

Just keep following the split into 100 BTC and 1 BTC,
...

and you will get tx like this.

https://blockchain.info/tx/f3d38a015f8c68bfc62187d3497ac74b673fb788bedfe8d1a9a86fa1d07ccee9

Each batch of spam pay the exact same fee, but they are adjusting higher to make sure that they squeeze into next block and take up block space.  I have see it gone up from 750 satoshi/byte to 820 satoshi/byte now.

A $7500.00 USD transaction, and you're gonna call it spam? Aye carumba!

[Peter R]

Way too high.

Yeah, it's getting way up there. Something like 500+ for a quick confirm.

https://jochen-hoenicke.de/queue/#24h

870 sat/byte for next-block service according to https://bitcoinfees.earn.com/

For the average 500-byte transaction, that's $100 CAD.

I actually tried to move coins yesterday.  I paid a $40 fee, but then the mempool swelled further, making my offered fee rate unattractive.  I waited a few hours without success, and then paid btc.com $300 to accelerate the transaction.  It confirmed 2 blocks later.