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

[BTCMILLIONAIRE]

Let me get this straight first. The average fee was $100 CAD (whatever that is), but he decided to pay $40. Then got impatient and decided to pay another $300.
These are the bcash thought-leaders.

I just spat out a mouthful of beautiful 2011 Cabernet Sauvignon all over my monitor from laughing so hard, you asshole.

How long does it take to develop an appreciation for wine? I was actually quite surprised at how quickly it worked with scotch, but even after the fact I didn't find myself enjoying wine and just stopped trying. Been a while though and actually curious.

[Gab0]

Talking about Blockstream.... What is that business doing? I mean, wasn't LN one of their main "products"? What's their excuse considering that Segwit has been active on mainnet for almost half a year now (and planned for years)?

I can understand most core developers are volunteers and they have done much more than anyone would expect... but don't business have their own hired team of developers? Have they given any approximate ETA?

I remember reading a similar comment from Torque.

I imagine that it must be very, very annoying because the promises of salvation have not been fulfilled, and hell is already here. Maybe that explains his bad character.

So as Bitcoiners, do we have a right to be pissed if there are no immediate LN related launches?

I mean, the Core devs and the rest of the community have acted like these LN technologies and apps have been coded, tested, and sitting around ready to go for the better part of a year or two now. And preaching that the miners have been blocking these 'ready-to-go LN apps' for all this time.

If I don't see something around LN immediately launched after SegWit lock-in, I'm gonna get seriously irritated.  

[bones261]

 Sure you can.  Just ask your BCash is Bitcoin friends



 = higher fees

Actually, it is to be expected that an empty block is mined if it comes within a minute of the last block. The pools cannot grind to a halt when their node is verifying the transactions of the last block. The verification of all the transactions in the previous block needs to be completed before a pool can start including transactions.(They need to basically remove the included transactions from their mempool.)

[BTCMILLIONAIRE]

How long does it take to develop an appreciation for wine?

It took me a decade or so before my palate got refined enough to enjoy and recognize the subtleties.

EDIT: Visiting Napa wineries, taking tours, joining their clubs, attending events, speaking to all the various individual vintners. There is a lot to learn, and you almost need your hand held through the process to fully learn about wine.

It really is a hoity-toity sorta thing. Kinda embarrassing in a way, but, what you gonna do ?

I don't really care much about what others think if there's something interesting to explore. There's too many interesting things to choose from though, so I usually find myself drawn into one direction for a while before I start getting a little bored and look for something else.

How frequently did you drink during that decade? When I started experimenting with scotch I went a little overboard and poured myself a dram or two every day for a few weeks and went from tasting just alcohol to tasting sweetness to being able to discern the type of sweetness (fruity/syrupy) to being able to tell types of fruits among other things. A particular whisky just reaked and tasted like cigarette butts for a while too before opening up into a bacon bonfire with a basked of fruit thrown into it. It was quite intruiging to watch things develop so quickly, I expected it to take much longer. When I toned down I found myself losing that ability though, similar to how your muscles degrade once you stop working out, just on a different time scale. A decade seems like quite some work though, damn.

[xhomerx10]

 Sure you can.  Just ask your BCash is Bitcoin friends



 = higher fees

Actually, it is to be expected that an empty block is mined if it comes within a minute of the last block. The pools cannot grind to a halt when their node is verifying the transactions of the last block. The verification of all the transactions in the previous block needs to be completed before a pool can start including transactions.(They need to basically remove the included transactions from their mempool.)

 No, it's a choice they make and some are worse than others.  Bitfury mining pool chooses not to mine empty blocks.

[Rosewater Foundation]

Moonshine in a rusty cup. Flavor country.

[BTCMILLIONAIRE]

How frequently did you drink during that decade?

Wine mostly on weekends. More of a beer dude during the week. Tried to get into Scotch, but I just can't get over the bitterness and harshness of it. Not my thing, unfortunately.

I did go through a savage tequila phase in my younger years, and haven't touched the stuff in over 25 years. Won't touch anything with tequila in it. Makes me unbelievably nauseous nowadays.

Good times, in retrospect.

I found that the glass makes a huge difference. Also have to nose the shit out of scotch/whisky before sipping on it to adjust your expectations. If I just try to drink it right away it doesn't really taste good even now, and depending on the glass the palette and aroma differ quite drastically too. If you keep it in your mouth the burn will happen in there and not while swallowing too, which opens up more flavour. Also, there are tons of different scotches which vary quite massively. Islay ones usually kick your ass (the aforementioned cigarette butts). Meanwhile Speyside whiskys are quite smooth and sweet.

And yeah, I had my tequilla phase as well. For some reason it was the go-to drink when I was young. Perhaps because of the involved salt and lemon ritual that makes "getting drunk" seem more "refined" or whatever.

Wonder if I could grind through wine in a similar way as I did with scotch now though. Maybe I'll take a break from my occasional drinking to try a wine experiment sometime soon.

[bones261]

Actually, it is to be expected that an empty block is mined if it comes within a minute of the last block. The pools cannot grind to a halt when their node is verifying the transactions of the last block. The verification of all the transactions in the previous block needs to be completed before a pool can start including transactions.(They need to basically remove the included transactions from their mempool.)

 No, it's a choice they make and some are worse than others.  Bitfury mining pool chooses not to mine empty blocks.

Bitfury is also a private pool. So they do not have to be concerned with other miners as they pause after every solved block(that isn't their own.) If I were a miner and had my hash pointed at the pool, and my miner wasn't receiving work for about 20 seconds after almost every block, I would move my hash elsewhere.

[bitserve]

https://www.cnbc.com/2017/12/20/bitcoin-jesus-says-investors-should-be-ready-in-case-bitcoin-falls-out-of-favor.html

* Roger Ver, CEO of Bitcoin.com, said on CNBC's "Fast Money" that for years he's recommended investors not hold bitcoin on exchanges, which can be hacked.

* But right now, he said, investors may want to keep their holdings on an exchange so they can easily transfer their funds into another digital coin in case bitcoin falls out of popularity.

Roger Ver, CEO of Bitcoin.com, said Wednesday on CNBC's "Fast Money" that "bitcoin miners" may shift their processing power over to bitcoin cash if the offshoot becomes popular enough.

As a result, "you might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said.

This guy is even more insane than I thought...

[BTCMILLIONAIRE]

Moonshine in a rusty cup. Flavor country.

Is there a high res version of that gif?

https://www.cnbc.com/2017/12/20/bitcoin-jesus-says-investors-should-be-ready-in-case-bitcoin-falls-out-of-favor.html

* Roger Ver, CEO of Bitcoin.com, said on CNBC's "Fast Money" that for years he's recommended investors not hold bitcoin on exchanges, which can be hacked.

* But right now, he said, investors may want to keep their holdings on an exchange so they can easily transfer their funds into another digital coin in case bitcoin falls out of popularity.

Roger Ver, CEO of Bitcoin.com, said Wednesday on CNBC's "Fast Money" that "bitcoin miners" may shift their processing power over to bitcoin cash if the offshoot becomes popular enough.

As a result, "you might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said.

This guy is even more insane than I thought...

Inb4 more hacked exchanges. Wonder if he's just an establishment puppet.

[goggles]

https://www.c[Suspicious link removed]m/2017/12/20/bitcoin-jesus-says-investors-should-be-ready-in-case-bitcoin-falls-out-of-favor.html

* Roger Ver, CEO of Bitcoin.com, said on CNBC's "Fast Money" that for years he's recommended investors not hold bitcoin on exchanges, which can be hacked.

* But right now, he said, investors may want to keep their holdings on an exchange so they can easily transfer their funds into another digital coin in case bitcoin falls out of popularity.

Roger Ver, CEO of Bitcoin.com, said Wednesday on CNBC's "Fast Money" that "bitcoin miners" may shift their processing power over to bitcoin cash if the offshoot becomes popular enough.

As a result, "you might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said.

This guy is even more insane than I thought...

Most my coins are on the exchange too. The MtGox exchange.

[JayJuanGee]

I tried to send a loaf of bread using a postage stamp once. The post is officially worse than Blockstream!

Are you serious

Do I look serious?

Dead serious.

I don't know if you guys are superstitious, but the fact that 23k doesn't exist on the poll might just mean that's where it'll land.
Now, if they change the poll so that you can vote for 23k, that means it won't happen.
I say Don't Touch That Dial!

Schroedinger's poll?

Now you have me thinking "Schroedinger's Troll". But yes, these fees are getting stupid. Maybe it's time to boost the blocksize......

Yeah... it makes sense to give in to the terrorists.. that will fix everything, right?   

Of course it does. Imagine we all went up and supported ISIS. Humanity would probably cease to exist in a relatively short span of time, which would fix all human problems once and for all.

EXACTLY.....

We should just let the terrorist keep cutting off heads, arms and digits until they are blue in the face.. because we are not giving in, and we don't care if it is our precious baby, either.   

[xhomerx10]

Actually, it is to be expected that an empty block is mined if it comes within a minute of the last block. The pools cannot grind to a halt when their node is verifying the transactions of the last block. The verification of all the transactions in the previous block needs to be completed before a pool can start including transactions.(They need to basically remove the included transactions from their mempool.)

 No, it's a choice they make and some are worse than others.  Bitfury mining pool chooses not to mine empty blocks.

Bitfury is also a private pool. So they do not have to be concerned with other miners as they pause after every solved block(that isn't their own.) If I were a miner and had my hash pointed at the pool, and my miner wasn't receiving work for about 20 seconds after almost every block, I would move my hash elsewhere.

 Fair enough but I wouldn't mine a pool that didn't include the fees in my reward... I guess you would.

[bones261]

Actually, it is to be expected that an empty block is mined if it comes within a minute of the last block. The pools cannot grind to a halt when their node is verifying the transactions of the last block. The verification of all the transactions in the previous block needs to be completed before a pool can start including transactions.(They need to basically remove the included transactions from their mempool.)

 No, it's a choice they make and some are worse than others.  Bitfury mining pool chooses not to mine empty blocks.

Bitfury is also a private pool. So they do not have to be concerned with other miners as they pause after every solved block(that isn't their own.) If I were a miner and had my hash pointed at the pool, and my miner wasn't receiving work for about 20 seconds after almost every block, I would move my hash elsewhere.

 Fair enough but I wouldn't mine a pool that didn't include the fees in my reward... I guess you would.

ViaBTC does share the transaction fees with the miners if you pick the PPLNS or SOLO option. If I did have an Asic that wasn't obsolete, I would probably point it at Slush pool.

Antpool, however, does not share the transaction fees with the miners in exchange for a bonus and no fees. So we can rag on them. 

[HairyMaclairy]

https://www.cnbc.com/2017/12/20/bitcoin-jesus-says-investors-should-be-ready-in-case-bitcoin-falls-out-of-favor.html

* Roger Ver, CEO of Bitcoin.com, said on CNBC's "Fast Money" that for years he's recommended investors not hold bitcoin on exchanges, which can be hacked.

* But right now, he said, investors may want to keep their holdings on an exchange so they can easily transfer their funds into another digital coin in case bitcoin falls out of popularity.

Roger Ver, CEO of Bitcoin.com, said Wednesday on CNBC's "Fast Money" that "bitcoin miners" may shift their processing power over to bitcoin cash if the offshoot becomes popular enough.

As a result, "you might want to consider holding your bitcoins on your exchange, so if there's a mass exodus of people rushing for the door, your money will already be on the exchange, so you can sell your bitcoin core coins for more bitcoin cash or whatever else you want," Ver said.

This guy is even more insane than I thought...

Hes just cunning.  The EDA worked exactly as intended, allowing Bcash to be pre-mined under everyone’s noses.  Now he wants to dump his shitcoins for your BTC.  It’s perfectly rational albeit sociopathic behavior.

[goggles]

https://www.yahoo.com/news/cryptocurrency-exchange-etherdelta-suspends-following-042628529.html

Another exchange I never heard of. RIP

[jbreher]

I remember reading a similar comment from Torque.

I imagine that it must be very, very annoying because the promises of salvation have not been fulfilled, and hell is already here. Maybe that explains his bad character.

So as Bitcoiners, do we have a right to be pissed if there are no immediate LN related launches?

I mean, the Core devs and the rest of the community have acted like these LN technologies and apps have been coded, tested, and sitting around ready to go for the better part of a year or two now. And preaching that the miners have been blocking these 'ready-to-go LN apps' for all this time.

If I don't see something around LN immediately launched after SegWit lock-in, I'm gonna get seriously irritated.  

Hmm... Will we see backpedaling in 3... 2... 1...

[Rosewater Foundation]

I wonder if CNBC will report on the deflippening with the same journalistic unflappability. That network is suddenly part of our machine, and I dun like it.

[HairyMaclairy]

I’m starting to see some pressure on alts as BTC recovers.  The real question is how far Bcash will slide in the next 8 hours and whether they let it rest for a bit.  My guess is that the whales will go quiet and then have a special Xmas surprise in store.  

[jbreher]

The EDA worked exactly as intended, allowing Bcash to be pre-mined under everyone’s noses.  

No. The commonly accepted definition for 'premine' includes exclusive access to mining by permissioned parties only. The Bitcoin Cash mining was always completely open.