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Question: What year will we achieve a new ATH?
2019 - 4 (80%)
2020 - 1 (20%)
2021 - 0 (0%)
2022 - 0 (0%)
2023 - 0 (0%)
Never - 0 (0%)
Total Voters: 5

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21168531 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (23 posts by 12 users deleted.)
Elwar
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February 22, 2018, 01:09:32 AM

Even a small topic like why there is an NRA backed ban on research into gun violence would take a long time to do properly, even though on its face it’s a ridiculous law.  What is more anti-science than banning research ?

All over human history being forcefully disarmed was a synonym of being a slave or a prisoner. Maybe "research" that.

Australia had all their guns confiscated 25 years ago.  They haven’t had a mass shooting since.  And they don’t look like slaves.

Maybe not from your perspective...

The average Aussie bogan is far better off than the average Murican peckerwood.  For starters minimum wage is A$18.29 which is US$14.25.   Not many fast food workers in Georgia making $14 an hour.

Not many fast food workers in Australia
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HairyMaclairy
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February 22, 2018, 01:12:14 AM

Too busy drinking double shot Chai lattes?
bones261
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February 22, 2018, 01:12:57 AM


The average Aussie bogan is far better off than the average Murican peckerwood.  For starters minimum wage is A$18.29 which is US$14.25.  

Of course I’m sure many here would say that paying a fast food worker $14 an hour is against the American Dream.  

US $14.25 still sucks. In fact US $18.29 would suck too.
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February 22, 2018, 01:14:35 AM

I’m sure minimum wage in {State} sucks more.

[wait for long rant about why minimum wage is an entry level job and an entry level job is not supposed to be a living wage]

Y’all with no back up plan other than being a Walmart door greeter better hope badger isn’t drunk again!
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February 22, 2018, 01:18:13 AM

I’m sure minimum wage in {State} sucks more.

It definitely does. It is $7.25 an hour, for federal. In Colorado it is $10.20.
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February 22, 2018, 01:31:14 AM



The average Aussie bogan is far better off than the average Murican peckerwood.  For starters minimum wage is A$18.29 which is US$14.25.  
 

Doesn't Australia have incredibly high tax rates?
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February 22, 2018, 01:32:53 AM

Y’all with no back up plan other than being a Walmart door greeter better hope badger isn’t drunk again!

Are there no prisons? Are there no workhouses?
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February 22, 2018, 01:37:31 AM


1. don't believe anything that call itself "real science", because it ain't.
2. The refutation is the quote from Sarah Kaplan that says that there were more species going extinct in prior events.

Duh! Prior event lasted for hundreds of thousands, even millions of years and
here we have 1% vertebrate extinction in 100 years.

1% in 100 years is a pretty big number IF it continues, but why won't it?


I think you need to balance that with discoveries.  It's like saying x people die every year, so the population will be zero in xy years.

https://imgs.xkcd.com/comics/extrapolating.png

Which discoveries?
The example is not fitting since I was talking about multiple independent events and you are talking about one individual.

Here is an example of a proper extrapolation: if there are only A, C, G and T nucleotides present in DNA, than I only need to measure the % of one nucleotide (say, A) to find out the %% of all four. No need for further discoveries (in this example).

another one: if we grow turkeys for slaughter and ALL turkeys are grown for less than 3 years, what is the probability of a turkey, which is 1000 days old not to live beyond day 1096. About 100%.
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February 22, 2018, 01:51:02 AM
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Some time ago we had a discussion here about a possible issue with the Lightning Network. Some big blocker was suggesting that the Lightning Network is doomed to fail because routing and because problems.

The potential problem is similar to a double spend attempt. Briefly and roughly: Alice has a channel with Bob, Alice sends funds to Bob and while Bob is offline she broadcasts the channel state as it was before she spent the funds, thus undoing the spend. However, if anyone broadcasts the correct (later) channel state, Alice is done: the whole channel balance goes to Bob. Serves her right for trying to cheat.

The problem is, if Bob's offline he knows nothing about Alice's wrongdoings, so there must be someone watching the channel for him. This someone could be rewarded by Bob with part of the funds if cheating is discovered (and therefore funds are gained by Bob). I speculated that a bounty market could come into existence. It seems there are already some bounty hunters in the present, clunky version of the LN. They are doing it for free at the moment, since the cost of watching a few channels is negligible.

It's in the comments. The video itself is technical. Mention of the bounty hunters was the topic that spurred the most attention in the discussion.

https://www.reddit.com/r/Bitcoin/comments/7xrq5g/lightning_network_and_discreet_log_contracts/
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February 22, 2018, 01:56:52 AM

Some time ago we had a discussion here about a possible issue with the Lightning Network. Some big blocker was suggesting that the Lightning Network is doomed to fail because routing and because problems.

The potential problem is similar to a double spend attempt. Briefly and roughly: Alice has a channel with Bob, Alice sends funds to Bob and while Bob is offline she broadcasts the channel state as it was before she spent the funds, thus undoing the spend. However, if anyone broadcasts the correct (later) channel state, Alice is done: the whole channel balance goes to Bob. Serves her right for trying to cheat.

The problem is, if Bob's offline he knows nothing about Alice's wrongdoings, so there must be someone watching the channel for him. This someone could be rewarded by Bob with part of the funds if cheating is discovered (and therefore funds are gained by Bob). I speculated that a bounty market could come into existence. It seems there are already some bounty hunters in the present, clunky version of the LN. They are doing it for free at the moment, since the cost of watching a few channels is negligible.

It's in the comments. The video itself is technical. Mention of the bounty hunters was the topic that spurred the most attention in the discussion.

https://www.reddit.com/r/Bitcoin/comments/7xrq5g/lightning_network_and_discreet_log_contracts/

Problem, meet solution.
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February 22, 2018, 01:57:26 AM

Wonder if he would've managed to withdraw if he didn't go for such absurd sums.

 It really does sound absurd.  Let's look at it - $20,000,000,000,000 worth of Bitcoin (at least that's the story)

I know offtopic posts are frowned upon here, and some topics are more off than other, but I'll risk it.

Have you heard about cryptocurrencies? Well there's this nifty thing called bitcoin, it's my favorite.
It's holding 10.5 k-ish.

 If we divide the current value into the exchange glitch number we get

 ~1,904,761,904 Bitcoins?

 #Helluvaglitch!
BTCMILLIONAIRE
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February 22, 2018, 02:02:14 AM

Wonder if he would've managed to withdraw if he didn't go for such absurd sums.

 It really does sound absurd.  Let's look at it - $20,000,000,000,000 worth of Bitcoin (at least that's the story)

I know offtopic posts are frowned upon here, and some topics are more off than other, but I'll risk it.

Have you heard about cryptocurrencies? Well there's this nifty thing called bitcoin, it's my favorite.
It's holding 10.5 k-ish.

 If we divide the current value into the exchange glitch number we get

 ~1,904,761,904 Bitcoins?

 #Helluvaglitch!

The first Bitcoin Billionaire, then there was a solar flare.
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February 22, 2018, 02:02:50 AM


 If we divide the current value into the exchange glitch number we get

 ~1,904,761,904 Bitcoins?

 #Helluvaglitch!


I wonder what would have happened if he simply purchased close to his daily withdrawal max, then tried to withdraw.
The poor bastard might have pulled it off, lol
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February 22, 2018, 02:06:31 AM


 If we divide the current value into the exchange glitch number we get

 ~1,904,761,904 Bitcoins?

 #Helluvaglitch!


I wonder what would have happened if he simply purchased close to his daily withdrawal max, then tried to withdraw.
The poor bastard might have pulled it off, lol
Which only leaves one of two conclusions. Either he was being an honest guy and just wanted to provide us all with some lulz. Or he's too much of a moron to exploit and cheat. I'm hoping for the former, but given the average forum user I would probably have to put my money on the latter.
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February 22, 2018, 02:09:08 AM

Some time ago we had a discussion here about a possible issue with the Lightning Network. Some big blocker was suggesting that the Lightning Network is doomed to fail because routing and because problems.

The potential problem is similar to a double spend attempt. Briefly and roughly: Alice has a channel with Bob, Alice sends funds to Bob and while Bob is offline she broadcasts the channel state as it was before she spent the funds, thus undoing the spend. However, if anyone broadcasts the correct (later) channel state, Alice is done: the whole channel balance goes to Bob. Serves her right for trying to cheat.

The problem is, if Bob's offline he knows nothing about Alice's wrongdoings, so there must be someone watching the channel for him. This someone could be rewarded by Bob with part of the funds if cheating is discovered (and therefore funds are gained by Bob). I speculated that a bounty market could come into existence. It seems there are already some bounty hunters in the present, clunky version of the LN. They are doing it for free at the moment, since the cost of watching a few channels is negligible.

It's in the comments. The video itself is technical. Mention of the bounty hunters was the topic that spurred the most attention in the discussion.

https://www.reddit.com/r/Bitcoin/comments/7xrq5g/lightning_network_and_discreet_log_contracts/

Anyone who pretends lightning network is a valid scaling solution for bitcoin to be used in day to day transactions and mainstream adoption is a conman IMO.  It has some benefits like doing instant arb between exchanges and things like that, but that's it.  It is not something for normal people to use to buy something at a restaurant.  Jihan Wu was not lying when he said the benefits of LN were vastly overstated and the cons vastly understated.

There is no reason for bitcoin to exist as a settlement layer because it's just a valueless currency and currencies like airline miles are never used for settlement.  Gold and silver are far superior settlement instruments and it's impossible for bitcoin to defeat them.  Bitcoin fails as a settlement system (money) because there are better options available, and fails as a currency because it doesn't scale, while also being designed to centralize, thus invalidating it's entire value prospect.  So just what the fuck is it's purpose supposed to be?

#fuckcryptoconmen

#thegoyimknow

#inphysicalsilverwetrust
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February 22, 2018, 02:13:13 AM

Some time ago we had a discussion here about a possible issue with the Lightning Network. Some big blocker was suggesting that the Lightning Network is doomed to fail because routing and because problems.

The potential problem is similar to a double spend attempt. Briefly and roughly: Alice has a channel with Bob, Alice sends funds to Bob and while Bob is offline she broadcasts the channel state as it was before she spent the funds, thus undoing the spend. However, if anyone broadcasts the correct (later) channel state, Alice is done: the whole channel balance goes to Bob. Serves her right for trying to cheat.

The problem is, if Bob's offline he knows nothing about Alice's wrongdoings, so there must be someone watching the channel for him. This someone could be rewarded by Bob with part of the funds if cheating is discovered (and therefore funds are gained by Bob). I speculated that a bounty market could come into existence. It seems there are already some bounty hunters in the present, clunky version of the LN. They are doing it for free at the moment, since the cost of watching a few channels is negligible.

It's in the comments. The video itself is technical. Mention of the bounty hunters was the topic that spurred the most attention in the discussion.

https://www.reddit.com/r/Bitcoin/comments/7xrq5g/lightning_network_and_discreet_log_contracts/

I'm guessing that I may be the aforementioned big blocker. What with our continued conversations over my skepticism and all.

Thanks for posting. I'll read.

There's a lot of layers here. As just one example: 'how much channel state is exposed to outsiders to allow such to police random actors?' But I'll reserve detailed discussion until after I land.
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February 22, 2018, 02:17:59 AM

Quote
JayJuanGee post



Can you be more specific you hate-filled nutjob?   Probably not, because you don't really have anything to contribute beyond your various non-topical talking points.

JayJuanGee, can I interest you in a few trillion dollars of Jewish treasuries?

Well, if you would interact with me on the first question, then perhaps I would be willing to entertain the idea of interacting you with further questions

HOWEVER


YOU FUCKING TURD




you did not even address my first question before going on to asking an additional question.

You quasi-incoherent delusional trolling FUCK!!!!!!    Roll Eyes
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February 22, 2018, 02:22:33 AM
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So stop quoting the trolls so we don't all have to read their posts over and over
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February 22, 2018, 02:23:18 AM
Last edit: February 22, 2018, 02:42:22 AM by RoomBot

24777$ prediction game   

Crikey!

How much I gotta buy to make this happen?
Quote
09/03/2018 Roombot

 Grin
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February 22, 2018, 02:26:00 AM

What is bitcoin

A  purely   "peer-to-peer"   version   of   "electronic   cash"   allowing   "online   payments"   to   be   sent   "directly   from   one   party   to   another"   without   going   through   a   financial    institution.  


that's it!!!

make of it what you will

its all up to you

 
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