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

[HairyMaclairy]

Indeed.  Now I need to go away and think about what that might mean in crypto.  What if miners had to pay a fee to mine but that was their entry ticket to a prize pool?  What does that mean in game theory terms?

[savetherainforest]

I had not seen that before.  Thank you.

It would be helpful to get the original Japanese and have a second opinion from a native speaker as to the meaning of the bolded words.  
...

Satoshi left us, he could have helped

This is his site so he might hear you

Satoshi does not want to have anything to do with us or anyone for that matter. He/she is just probably chill in some semi-tropical place like Azerbaijan, South Korea or Chile, with a drink in his/her hand, with his/her family by his/her side.

[d_eddie]

You can brute force Powerball with a pen and paper.  That’s what the population is doing every week.

But there is a high cost for each guess.

And the reward distribution system is a mess, they tell me.

[Last of the V8s]

https://www.deribit.com/main#/futures?tab=BTC-30MAR18
Think I saw this before then forgot. It is tiny. Any one used it or know the people?
Deribit: The Futures And Option Exchange For Cryptocurrencies
Deribit is live since June 2016 after several years of development. John Jansen, the original founder teamed up with Marius Jansen, Sebastian Smyczýnski and Andrew Yanovsky. Deribit started as a Bitcoin Futures and Options trading platform going live in the summer of 2016. We run our daily office from Amsterdam (The Netherlands).

[HanvanBitcoin]

Looks like a promising start of the week for BTCitcoin 

[Asrael999]

Indeed.  Now I need to go away and think about what that might mean in crypto.  What if miners had to pay a fee to mine but that was their entry ticket to a prize pool?  What does that mean in game theory terms?

Miners do pay a fee to mine, hardware cost and electricity cost.

[TERA2]

Hardware is paid once up front, not per guess, and electricity is free in certain places.

[RayX12]

Nice to open Cryptomap on a bull day!

https://coin360.io/

[pacman7331]

Sell Bitcoin, Buy FUD and really cheap fear porn: https://www.express.co.uk/finance/city/930439/Bitcoin-price-USD-news-value-buy-today-ripple-cryptocurrency

[Last of the V8s]

@manwithnoname49 5m5 minutes ago

Hold strong guys!

[Torque]

Gotta be honest, those 3 recent bull flags look fake as hell. I wouldn't be shocked to see another dip sometime later.

Won't change my strategy though. Buy and hodl!

[Torque]

Hardware is paid once up front, not per guess, and electricity is free in certain places.

Even in places like China where electricity is extremely cheap, miners often have to sign 6-12 month power contracts in advance.

[Last of the V8s]

[Asrael999]

Hardware is paid once up front, not per guess, and electricity is free in certain places.

I don't really see that as different to buying say 10,000 scratch cards in one go. The major difference is that your scratch card's odds of winning don't change (mainly for the worse) every 2016 guesses.

[jojo69]

Don't feel too guilty. Our rektonings will come.

that...

that is brilliant

[mike4001]

AND DOWN SHE GOES.

Sheeit.

lol

OK I give up.

[jbreher]

What fixed the transaction backlog btw, did the major exchanges go segwit?

Some seem to think that they slapped the bogeyman Coinbase into shape -- they are now batching the outputs for multiple parties into single transactions.

Segwit tx's in general count for some small portion.

OTOH, the majority could be a simple reduction in demand.

[jojo69]

that's exactly the difference isn't it?... the Libtard looters went to "occupy" Wall St. because they wanted a cut of the looting action

I disagree.

A lot of folks just want the opportunity to keep the fruits of their own labor.

[Jacques_Bittard]

I think that the next couple of weeks will be amazing! (for me at least)  

[d_eddie]

Oh Corny, my swingin' lady.