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

[luckygenough56]

Is LN blockchain admission of failure ? Ain't we better off using ripple at this point ?

Are you fucking retarded or something ?

LN is an evolutionary step for Bitcoin.

When you check your email, would you rather telnet/ssh directly to the mail server and issue manual commands, or would you prefer to use a mail client that does all the heavy lifting for you ?

A much pithier explanation than mine.

but off-chain txs are an admission of failure, security and trust is compromised, it's not blockchain anymore, it's patch-up.

[jojo69]

but off-chain txs are an admission of failure, security and trust is compromised, it's not blockchain anymore, it's patch-up.

this is what I have been saying for years

also why I have refused to use the internet except for telnet and FTP 

[ragnar0k]

$5500 is actually incredibly generous. I dont know why you doubt it at all.

Lol, you calculate the dips based of size on a log scale and not percentage. I mean... where do I start... This is like kindergarden basics, my eyes are bleeding

[cAPSLOCK]

but off-chain txs are an admission of failure, security and trust is compromised, it's not blockchain anymore, it's patch-up.

I disagree.  Off chain technologies allow the blockchain to remain pure.  Your version of a "solution" is not as scalable. 

No one will force you to use L2 stuff.

And noone gets to decide that it cannot be built.

Don't like real decentralization much do you?  For the system to be truly decentralized and censorship resistant then anyone and everyone gets to take part.

Why do you think core has not made a change to stop the blockchain spam problem?

[HairyMaclairy]

Why is anyone suprised? I made the announcement that there would be a top at 16,000. Therefore it should be completely expected and there should be no discussion here. Just a bunch of blank pages.

I got out at $16,200 with my day tard stash because I was listening  


The rest of you, stop taking obvious troll bait.

[Torque]

$5500 is actually incredibly generous. I dont know why you doubt it at all.

Lol, you calculate the dips based of size on a log scale and not percentage. I mean... where do I start... This is like kindergarden basics, my eyes are bleeding

Yeah the real TERA was a lot smarter than that.

When are you all going to stop paying attention to this phony?

[Deeyoh]

I have a weird feeling that all the sellers are about to get wrecked.  This has just been way to predictable (slow falling) to catch suckers selling that want to buy in lower.   Dunno, just has that gotcha vibe to me cause even I'm thinking of cashing my daytard stash.

[HairyMaclairy]

I didn’t say I wasn’t getting back in today. Am tempted to do so right now but will wait a bit longer.

And let’s be clear, over 95% of my portfolio is hodl.   This is just fun.  It is a challenge to myself to see if I can beat buy and hold ROI over an extended period.  And I have no confidence in my ability to actually pull it off.

[jojo69]

so guys

I just spent over 2 hours learning about hashgraph.  I am not shilling for anything, in fact I'm not even sure there is a way to "get in" on it.  They DO NOT have an ICO.  It looks like they are doing some really innovative platform/protocol work to build scaleable, secure, fair ledgers.

I seems to me that one of the founding tenets of the small block philosophy is the acceptance that bitcoin can not be all things to all people.  We will need robust real time ledgers for a multitude of uses, economic transactions being just one.

Not even going to link...not shilling...advising that it may be worth a look.

[bitserve]

Is LN blockchain admission of failure ? Ain't we better off using ripple at this point ?

No.

[mymenace]

Is LN blockchain admission of failure ? Ain't we better off using ripple at this point ?

No.

No.

[Deeyoh]

I didn’t say I wasn’t getting back in today. Am tempted to do so right now but will wait a bit longer.

And let’s be clear, over 95% of my portfolio is hodl.   This is just fun.  It is a challenge to myself to see if I can beat buy and hold ROI over an extended period.  And I have no confidence in my ability to actually pull it off.

Oh, I was just agreeing with you.  Just like you, I day trade with less than 1% of my crypto.   Anything significant is permanently embedded on Trezors. 

[arklan]

Because of that little conversation I sold my 15125 buy at 14800 or so...

Dude.

I don't want to sound like an asshole, but just HODL, man.

Getting sad reading stories of your missteps with BTC

Heh... It's a small amount I have on the exchange, and not all I have either. Trying to acquire more btc, not just more value. 0.001 btc at a time... Ok probably half that.

But still, you're probably right.

Just need a better paying job that I don't hate. Hard to find these days. Gotta hold what I have.

[conspirosphere.tk]

They did that $5 wrench thing. Maybe the price is resenting it.

Head of major cryptocurrency exchange kidnapped in Ukraine
https://www.rt.com/business/414336-kiev-cryptocurrency-exchange-kidnapping/

[HairyMaclairy]

so guys

I just spent over 2 hours learning about hashgraph.  I am not shilling for anything, in fact I'm not even sure there is a way to "get in" on it.  They DO NOT have an ICO.  It looks like they are doing some really innovative platform/protocol work to build scaleable, secure, fair ledgers.

I seems to me that one of the founding tenets of the small block philosophy is the acceptance that bitcoin can not be all things to all people.  We will need robust real time ledgers for a multitude of uses, economic transactions being just one.

Not even going to link...not shilling...advising that it may be worth a look.

There is no mining.  Which tells me that the network is vulnerable to Sybil attacks because there is no cost to massive spam.  I have an open mind but would like to know how Iota deals with spam attacks. 

[bitserve]

Is LN blockchain admission of failure ? Ain't we better off using ripple at this point ?

Are you fucking retarded or something ?

LN is an evolutionary step for Bitcoin.

When you check your email, would you rather telnet/ssh directly to the mail server and issue manual commands, or would you prefer to use a mail client that does all the heavy lifting for you ?

A much pithier explanation than mine.

but off-chain txs are an admission of failure, security and trust is compromised, it's not blockchain anymore, it's patch-up.

NO.

[ragnar0k]

Don't like ripple in any way but at least it is not intentionally malicious like bcash
Glad they are third now by a long shot

[mymenace]

Is LN blockchain admission of failure ? Ain't we better off using ripple at this point ?

Are you fucking retarded or something ?

LN is an evolutionary step for Bitcoin.

When you check your email, would you rather telnet/ssh directly to the mail server and issue manual commands, or would you prefer to use a mail client that does all the heavy lifting for you ?

A much pithier explanation than mine.

but off-chain txs are an admission of failure, security and trust is compromised, it's not blockchain anymore, it's patch-up.

NO.

its patch-up, I like that

as opposed to evolution on the most trusted network on the planet

[404Revolution]

Don't like ripple in any way but at least it is not intentionally malicious like blockstream
Glad they are deplored by everybody with a functioning brain

FTFY

[mymenace]

And let’s be clear, over 95% of my portfolio is hodl.   This is just fun.  It is a challenge to myself to see if I can beat buy and hold ROI over an extended period.  And I have no confidence in my ability to actually pull it off.

 I've often thought about playing with some "house money" daytarding, but then the whole short-term tax bullshit starts coming into play with the IRS, and after exchange fees and whatnot, I've just told myself to "Shut Up and HODL. It's not worth the aggravation." (Any BTC that I'm selling off right now is taxed as long-term gains.)

 And I must admit, part of me is a bit jealous that you have the time to daytard "for fun".

 If it wasn't for my retirement plans that I've set in motion, I might be convinced to play with 10 BTC 'fo shiggles, on some exchanges, but that shit be too stressful, yo.

 Full disclosure: I'm strongly considering doing the whole arbitrage thing with running a well-funded LN node when the time comes.

I know this does not work but a different way of looking at it

bitcoin is not an investment, income, commodity etc etc etc

it is my money, to me it is worth $1000000 each

as shops or countries do not take my money i have to exchange it into their foreign fiat currency

i then have to sell lower then what i believe my money is worth

in retrospect I am losing out



example
if I went to the US from Canada 5 years ago with 100,000 dollars and it was 1 to 1 dollar on the exchange i get the same amount

when i return to Canada 5 years later with the same 1000,000 dollars and the rate has dropped to 70 cents to one us dollar

am i taxed for increasing my money