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

[bones261]

That’s right.

Just introduce 10GB blocks and call it a night. Problem solved.

Let's just hope people who can actually run a node get the bright idea to charge subscription fees to let your SPV wallet connect to them.

Hell no. Fees should be nearly zero. Miners should work for free. Are you capitalist or what?

I'm a Nancy Pelosi type of democrat. I believe that I should be able to wear pearl necklaces that have pearls so huge, it would make Wilma Flintstone jealous. At the same time, I will pay lip service to the plight of the poor.  

[conspirosphere.tk]

I heartily support the proposal of a lifelong ban of any bigblocktard with no appeal.

Should we also ban Satoshi's account? 

I don't think that he would support any outrageous stupidity to sponsor the 3 stooges.

[jojo69]

If Bitcoin can't be used economically in a vending machine... there is a problem.

[Last of the V8s]

^aha nice

a car from a vending machine

my sick mind then went on to the left-hand building -> a vending machine for little prole families

need some servants? or fucktoys? step right up!

[Meuh6879]

https://taginfo.openstreetmap.org/tags/payment%3Abitcoin=yes#map

[xhomerx10]

Just found a stack of paper wallets from 2015. I was giving away 0.05 Bitcoi in each and these were the leftovers. It’s a nice find I didn’t know I had it....

Yep.   All of a sudden scrap amounts become real money.

It is kind of bullshit, though, regarding how some of these people treat their gifts, and I have a few war stories regarding that too.

My friend recently contacted me, and told me that he was looking for his son's $40 bitcoin transaction that I had sent for a graduation gift.

Mind you I sent $40 to the son and $10 to the dad, in order that they could, perhaps, learn together about bitcoin.  The price was around $380 at the time... So, a couple of times a year, I would remind him about bitcoin and ask him if he had retrieved the bitcoin... did it through Circle....  He said, yeah, yeah, yeah, he still has access to the e-mail account, and just a few weeks ago when he contacted me, he asked me if I could recover the coins because he said that he did not have access to the e-mail accounts.  The son's value was something like $1,740 and the dads value was something like $440.  Crazy.  I think that they lost everything, unless they can regain access to their earlier e-mails, perhaps there is a way... I think that it was a private domain e-mail that their family administrator allowed the domain to expire.

 

[Gab0]

I'm calling $20000 by new year

That would be pretty impressive.

[flynn]

If Bitcoin can't be used economically in a vending machine... there is a problem.

Is this a lambo vending machine ?

[Xian01]

Bah.

$20k USD/BTC for Christmas would have been nice 

That sea of red tho...

[El duderino_]

Show me Some greeeeeen for Xmas 😂

[rezurect007]

A tiny flat top on the bitfinix 1h chart...


tiny fake wall @14k


first red on 6h.
RSI overbought.
Small dip incoming.

Called that dip correctly.
15k to 11.6k.

Fake wall @12.5k
Expecting a retest of 10700

1500 BTC fake wall @ 11k
I believe we will go down to retest 10700 in the short term

[starmman]

Bah.

$20k USD/BTC for Christmas would have been nice 

That sea of red tho...

Looking a bit bearish today - Suspect its to do with the alt surge - that will all dump into BTC at some point...

[Torque]

OT: Theranos.

Why in the hell do investors keep giving this shit company money? They have been at it over a decade now and they have nothing, zero, zilch, nada. Their supposed super secret IP is a complete fraud, a scam. They haven't made a dime on anything. Their CEO jet sets around and lives like a billionaire queen, and has been doing so for ten years now. She's delusional and thinks that she is the next Steve Jobs.

https://www.yahoo.com/tech/theranos-gets-100-million-debt-181505187.html

[jbreher]

You can't send "money" or "wealth" over the internet

I think I see your axiomatic misconception, r0ach. You are conflating money and wealth. Money is not wealth. It is a representation of wealth. It is information about wealth.

And information can certainly be sent over then internet.

because everything digital is either valueless due to no scarcity, or just an artificial scarcity con job.  

How do you justify calling this scarcity artificial? In practice it has proven itself to be very real.

[nikauforest]

Merry Christmas from the southern hemisphere.

[sirazimuth]

huh! another sea of red with a doge ship steaming by...
the dogecoin thing has always baffled me...

much wow!...yeah whatever dude....

[jbreher]

I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin.

We tried to tell you... and were soundly excoriated for it.

At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.

We tried to...

Ok, you sure have a point there. But you guys are wrong in that *just* a blocksize increase is an scalable solution. It isn't.

You are going to have to do better than a simple assertion.

The only serious investigation into the matter has proven that your average 'home' computer today can handle a simple block size increase that will net us about 100 tx/s. And with a fix to core's crappy multithreading design, can handle block size increase up to about 500 tx/s. And that is without looking for other sw architecture improvements.

How many years' worth of simple blocksize scaling do you think that will net us? Even if only one (as if), that would immediately eliminate the blockapocalypse. We don't know whether or not that would be sufficient for Moore's Theory to carry us the rest of the way to ubiquity. But it would at least provide time for LN to mature, and solve today's (and tomorrow's) pressing issues.

Core is either completely deluded in terms of economics and game theory, or they have a different goal than has publicly divulged. In the end, it matters not which of these two postulates is the correct one. Either way, you've all been led asunder.

And that's from a tech side... from a "marketing" perspective... Do you really think trying to destroy confidence in the main cryptocurrency as a store of value would do any good in the long run trust over *ANY* cryptocurrencies?

(stuff about a clearly inapplicable analogy deleted)

How much confidence destroying is going on with the current situation? If we would have had a block increase, we would not be in backpedaling apology mode. Especially in so public a manner. Rip the bandage off already.

[txtravwill]

Ok, just bought a nice chunk at $12,750 so BTC should move now ;-) 

[jbreher]

But I ask you this then in return, why has he not been perma-banned from the WO thread?

For all our disagreements, Torque, I never would have pictured you as devolving into special snowflake mode.

Hmm.

[Lopumbo]

I think many of us overestimated its development status when -almost half a year ago- thought it be the final push into mainstream readiness for Bitcoin.

We tried to tell you... and were soundly excoriated for it.

At the same time, maybe also underestimated the rate of new users/investors that were to come in the following months.

We tried to...

Ok, you sure have a point there. But you guys are wrong in that *just* a blocksize increase is an scalable solution. It isn't.

You are going to have to do better than a simple assertion.

The only serious investigation into the matter has proven that your average 'home' computer today can handle a simple block size increase that will net us about 100 tx/s. And with a fix to core's crappy multithreading design, can handle block size increase up to about 500 tx/s. And that is without looking for other sw architecture improvements.

How many years' worth of simple blocksize scaling do you think that will net us? Even if only one (as if), that would immediately eliminate the blockapocalypse. We don't know whether or not that would be sufficient for Moore's Theory to carry us the rest of the way to ubiquity. But it would at least provide time for LN to mature, and solve today's (and tomorrow's) pressing issues.

Core is either completely deluded in terms of economics and game theory, or they have a different goal than has publicly divulged. In the end, it matters not which of these two postulates is the correct one. Either way, you've all been led asunder.

And that's from a tech side... from a "marketing" perspective... Do you really think trying to destroy confidence in the main cryptocurrency as a store of value would do any good in the long run trust over *ANY* cryptocurrencies?

(stuff about a clearly inapplicable analogy deleted)

How much confidence destroying is going on with the current situation? If we would have had a block increase, we would not be in backpedaling apology mode. Especially in so public a manner. Rip the bandage off already.