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

[HairyMaclairy]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.

The UB block explorer is showing my addresses as empty. Maybe the Phase 2 distribution has not been carried out even though Phase 2 is now over.

[somac.]

So United Bitcoin requires you to have sent a transaction in order to be credited with fork coins.  Any address which has not sent coins is counted as “inactive”.

But of course most wallet software sending BTC simply splits the funds into two transactions - the sum being sent and a change transaction to a new address.  

Which of course means that your sending address can’t be credited with UB coins because it’s now empty and your change address can’t be credited with coins because it’s “inactive” because it has never sent a transaction.  

Which basically means Garzik keeps all the coins but gets to claim a market cap based on a Bitcoin airdrop. Garzik is so clever....

No, I don't think it works like that. They took a snap shot on December the 12th or something like that so even if those addresses have no coins I think they will be credited with how many coins were on them when the snapshot took place. Even if all coins were sent it should still be good.

The UB block explorer is showing my addresses as empty. Maybe the Phase 2 distribution has not been carried out even though Phase 2 is now over.

Mine is too at the moment, so maybe too early. Wait and see I guess, or maybe I was wrong about the process

I suspect phase 2 will need to be sent over the chain to the addresses that satisfy the criteria. They stole all the coins in the first round, so they would need to redistribute these coins in second round.

[HairyMaclairy]

RSK announcement coming tomorrow.  RSK is a sidechain of Bitcoin (convert Bitcoins to RSK tokens and vice versa).

Holy mother of god:  100 tps (scalable to 1,000 tps).

Currently Bitcoin is only about 7tps.  This is like Bitcoin getting Segwit 14x.  

VERY BULLISH

White paper:  https://uploads.strikinglycdn.com/files/ec5278f8-218c-407a-af3c-ab71a910246d/RSK%20White%20Paper%20-%20Overview.pdf

[Rosewater Foundation]

UB's modus operandi is to steal God-mode inactive wallet balances like Satoshi's to fund 'worthy' developments like Ethereum with it. Stealing God-swalloping us is small potatos.

[jojo69]

well now

[Rosewater Foundation]

Steal might be the wrong word. Let me think of a less emotively charged verb.
Edited:

[mymenace]

RSK announcement coming tomorrow.  RSK is a sidechain of Bitcoin (convert Bitcoins to RSK tokens and vice versa).

Holy mother of god:  100 tps (scalable to 1,000 tps).

Currently Bitcoin is only about 7tps.  This is like Bitcoin getting Segwit 14x.  

VERY BULLISH

White paper:  https://uploads.strikinglycdn.com/files/ec5278f8-218c-407a-af3c-ab71a910246d/RSK%20White%20Paper%20-%20Overview.pdf

Now this is how to create a bitcoin evolution

[HairyMaclairy]

If anyone has any insights into conversion of BTC to sBTC (RSK token) and vice versa please share. The white paper says it will be value pegged but I am not so sure of that.

[Wekkel]

The white papers look ok to my untrained eye. Basically, Bitcoin holders do not have to do anything; the RSK protocol will simply be released and available for anyone to use.

The thing I do not fully understand is whether locking in a Bitcoin to the RSK sidechain and taking it out again comes with Bitcoin fees. If that’s the case, the RSK Network would seem similar to a token not connected to the Bitcoin protocol but pegged price-wise to the Bitcoin price on a 1:1 basis.

The proposed ticker SBTC has already been ursurped by Super Bitcoin (SBTC).

For more about RSK see: http://www.rsk.co/

Exciting times.

[Rosewater Foundation]

For more about SBTC see the Yobituary.
https://yobit.net/en/trade/SBTC/BTC
Currently trading at 1% of a Bitcoin.

[TERA2]

I want to say something bearish but I cant think of anything at the moment.

[mymenace]

I want to say something bearish but I cant think of anything at the moment.

RSK

smart contracts

[Rosewater Foundation]

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

[RobSteward]

Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?

#godblessthehodl

[mymenace]

Returning from the holiday breaks I see what had some "turbulence" but are on the right track, when can I see a new ath, please? What's the updated weather forecast?

#godblessthehodl

[milkshock100]

I want to say something bearish but I cant think of anything at the moment.

The number of disastrously incorrect calls you’ve continuously made should be making you consider keeping your mouth shut for the foreseeable future.

[milkshock100]

I want to say something bearish but I cant think of anything at the moment.

When the time is right, you will.

More likely when the time is wrong

[TERA2]

I believe I've made far more collect correct calls recently than incorrect ones.

[milkshock100]

I believe I've made far more correct calls recently than incorrect ones.

Failed to acknowledge the Friday 22nd bottom. Which proved crucial to developments going forward.

[flynn]

I want to say something bearish but I cant think of anything at the moment.

The number of disastrously incorrect calls you’ve continuously made should be making you consider keeping your mouth shut for the foreseeable future.

Noo no. TERA is the only perpetual bear I can bear.