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

[Torque]

Tough titties, bucko. Your impotent rant hath no power here. I'll raise the argument whenever I want.

And I'll remind you to fk off. Whenever I want.

A peer-to-peer system that is seeing declining use is nothing to celebrate.

Yep, you're exactly right about BCash. Nothing to celebrate.

You do realize that as soon as there is an increased demand for transactions again, fees will go through the roof again, right?

So you are saying that we need to architect for speculative, pump-and-dump throughput that happens over a few month period every 2-3 years? It literally sounds like you are saying that. That was never the use case nor the purpose of Bitcoin.

[d_eddie]

Here's how much information google and facebook store about you.

This is the link you use for deleting your account. First login to facebook, then go to that link.

https://www.facebook.com/help/delete_account

It's very difficult to find. The deactivate account option is easy to find, but doesn't delete all your data.

And honestly, I'm doubtful even deleting your account would actually make them delete data about you. They've got it, it's their data already.

Neither deleting or deactivating your account forces apps you installed to delete any data they squired from your account. You have send a request to each app developer for that.

All those bitcoiners who claimed stellars from the snapshot last year had to install a stellar facebook app to claim. The stellar app developer is probably holding more of their data than they realize.

A very good and relevant example for this community.

[Globb0]

Why is everyone always blaming the welsh for pump and dumps?

[infofront]

With the Bitcoin mempool nearly empty and 1 sat/B transactions clearing in minutes, you guys can go rightly fk off for good. Seriously. Don't even try to raise that argument here ever, EVER again. Piss off.

Tough titties, bucko. Your impotent rant hath no power here. I'll raise the argument whenever I want.

Quite dismayingly, the Bitcoin transaction rate seems to be suffering a lack of interest. It has been chopped in half since the heady days of $20K Bitcoin.

https://blockchain.info/charts/n-transactions

Are there 200,000 transactions on LN between the paltry 1000 or so nodes to make up for it? I admit I have been unable to find any statistics, but it seems rather unlikely.

A peer-to-peer system that is seeing declining use is nothing to celebrate.

...furthermore, number or transactions is now irrelevant for bitcoin. Number of outputs is now the primary usage indicator.

[Syke]

SPAM

Go away.

[ssmc2]

https://techcrunch.com/2018/03/28/chia-vs-bitcoin/

Cha cha cha chia

Wtf

[Ivor Biggun]

Here's how much information google and facebook store about you.

This is the link you use for deleting your account. First login to facebook, then go to that link.

https://www.facebook.com/help/delete_account

It's very difficult to find. The deactivate account option is easy to find, but doesn't delete all your data.

And honestly, I'm doubtful even deleting your account would actually make them delete data about you. They've got it, it's their data already.

Even after deleting your account facebook admits it still retains some data, but claims it "disassociates it from your personal identifiers". However if you don't delete your account it will retain all your data for certain. Also, the amount of gov pressure facebook is under might eventually force it to delete any data remaining from deleted accounts.

[Spaceman_Spiff_Original]

You do realize that as soon as there is an increased demand for transactions again, fees will go through the roof again, right?

So you are saying that we need to architect for speculative, pump-and-dump throughput that happens over a few month period every 2-3 years? It literally sounds like you are saying that. That was never the use case nor the purpose of Bitcoin.

Maybe you should get your head out of your ass so you can better hear what I am saying instead of making up your own shit.

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.
The amount of people using bitcoin worldwide is still quite tiny.  I would hope that it is our goal to increase our userbase and thus the amount of places and people that accept your bitcoins.

[bitcoinPsycho]

Here's how much information google and facebook store about you.

This is the link you use for deleting your account. First login to facebook, then go to that link.

https://www.facebook.com/help/delete_account

It's very difficult to find. The deactivate account option is easy to find, but doesn't delete all your data.

And honestly, I'm doubtful even deleting your account would actually make them delete data about you. They've got it, it's their data already.

Neither deleting or deactivating your account forces apps you installed to delete any data they squired from your account. You have send a request to each app developer for that.

All those bitcoiners who claimed stellars from the snapshot last year had to install a stellar facebook app to claim. The stellar app developer is probably holding more of their data than they realize.

A very good and relevant example for this community.

once it's on the Web GCHQ and the NSA have it all stored your fucked

[Ivor Biggun]

Here's how much information google and facebook store about you.

This is the link you use for deleting your account. First login to facebook, then go to that link.

https://www.facebook.com/help/delete_account

It's very difficult to find. The deactivate account option is easy to find, but doesn't delete all your data.

And honestly, I'm doubtful even deleting your account would actually make them delete data about you. They've got it, it's their data already.

Neither deleting or deactivating your account forces apps you installed to delete any data they squired from your account. You have send a request to each app developer for that.

All those bitcoiners who claimed stellars from the snapshot last year had to install a stellar facebook app to claim. The stellar app developer is probably holding more of their data than they realize.

A very good and relevant example for this community.

once it's on the Web GCHQ and the NSA have it all stored your fucked

I'm not worried about GCHQ and the NSA, I'm worried about marketing companies using my data to spam me with crappy targeted advertising. I already get enough of that.

Also, I don't like the concept of the stellar foundation tracking every bitcoin registered for its snapshot, then cross referencing that information with the other data it sucked out of people's facebook accounts. I didn't register for its snapshot, but it's a privacy nightmare for anyone who did.

The guy who started the stellar foundation is also responsible for starting gox and ripple. With that track record I don't trust him.

[jbreher]

Tough titties, bucko. Your impotent rant hath no power here. I'll raise the argument whenever I want.

And I'll remind you to fk off. Whenever I want.

Indeed. For all the good that will do. As I said, your impotent rant hath no power here.

Cheers!

[LoyceV]

Also, I don't like the concept of the stellar foundation tracking every bitcoin registered for its snapshot, then cross referencing that information with the other data it sucked out of people's facebook accounts. I didn't register for its snapshot, but it's a privacy nightmare for anyone who did.

A bit late, but maybe useful for a next time: the Stellar airdrop worked fine with a fake Facebook account. You could even register one through Tor (facebookcorewwwi.onion) and claim Stellar.

The guy who started the stellar foundation is also responsible for starting gox and ripple. With that track record I don't trust him.

Let's just say he's very good at earning money for himself. But indeed, he's not on my crypto-trust-list.

[Ivor Biggun]

Also, I don't like the concept of the stellar foundation tracking every bitcoin registered for its snapshot, then cross referencing that information with the other data it sucked out of people's facebook accounts. I didn't register for its snapshot, but it's a privacy nightmare for anyone who did.

A bit late, but maybe useful for a next time: the Stellar airdrop worked fine with a fake Facebook account. You could even register one through Tor (facebookcorewwwi.onion) and claim Stellar.

I wouldn't have believed it would let you register through tor unless you had told me. Is that an official facebook feature?

The guy who started the stellar foundation is also responsible for starting gox and ripple. With that track record I don't trust him.

Let's just say he's very good at earning money for himself. But indeed, he's not on my crypto-trust-list.

He negotiated getting about 10% of all gox's ongoing profits after selling it, and if Karpeles gets billions from its remaining bitcoins the stellar guy will probably get his 10%.

[Torque]

You do realize that as soon as there is an increased demand for transactions again, fees will go through the roof again, right?

So you are saying that we need to architect for speculative, pump-and-dump throughput that happens over a few month period every 2-3 years? It literally sounds like you are saying that. That was never the use case nor the purpose of Bitcoin.

Maybe you should get your head out of your ass so you can better hear what I am saying instead of making up your own shit.

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.

And Lightning Network is the answer to that. Not just more block size pile on.

The amount of people using bitcoin worldwide is still quite tiny.  I would hope that it is our goal to increase our userbase and thus the amount of places and people that accept your bitcoins.

Again, block size increases have nothing to do with the promotion of increasing userbase or merchant adoption. If that were the case, merchants and end users would be going crazy for BCash right now.

News flash, Walter Cronkite: They aren't.

[Ivor Biggun]

tl;dr: 1/4 of a 4% tax payment obligation on $nM, delayed a quarter, is a reasonable penalty in a down crypto market - assuming we don't head even lower in Q2.

Will take my chances and HODL.

I was only joking.

Fucking Bitcorn. Last week of the quarter, and no fucking way I'm selling 4 digit USD Bitcorns.

Here's hoping for a miracle over the next 4 days, folks.

Hodl your bitcorns.

[Spaceman_Spiff_Original]

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.

And Lightning Network is the answer to that. Not just more block size pile on.
Again, block size increases have nothing to do with the promotion of increasing userbase or merchant adoption. If that were the case, merchants and end users would be going crazy for BCash right now.
News flash, Walter Cronkite: They aren't.

I already addressed that in my original post...

Of course, LN might give us a lot of leeway, but eventually block sizes will need to be increased.

Dryja and Poon specifically mentioned the need to eventually increase block sizes in the original LN proposal.

[yefi]

He negotiated getting about 10% of all gox's ongoing profits after selling it, and if Karpeles gets billions from its remaining bitcoins the stellar guy will probably get his 10%.

He sold his stake in Gox when they went bust to some company for $1 iirc.

In any case, the guy has made a shitload from XRP. I forget all the numbers, but he owns a greater % of its total supply than Satoshi does Bitcoin.

[HairyMaclairy]

Jbreher:  batching has destroyed outputs as a metric due to a massive reduction in change outputs. If you are going to troll, at least pick something relevant.

Out of curiosity, were you one of the endless stream of shill artists at Satoshi Vision? Which one was you on the videos?

[d_eddie]

Anybody that has run the numbers knows that the current network cannot even remotely handle global transactional demand.

And Lightning Network is the answer to that. Not just more block size pile on.
Again, block size increases have nothing to do with the promotion of increasing userbase or merchant adoption. If that were the case, merchants and end users would be going crazy for BCash right now.
News flash, Walter Cronkite: They aren't.

I already addressed that in my original post...

Of course, LN might give us a lot of leeway, but eventually block sizes will need to be increased.

Dryja and Poon specifically mentioned the need to eventually increase block sizes in the original LN proposal.

A need that no one here denies. But we're doing just fine right now. Let's wait for the opening/closing of LN channels to strain the blockchain, shall we?

[Ivor Biggun]

He negotiated getting about 10% of all gox's ongoing profits after selling it, and if Karpeles gets billions from its remaining bitcoins the stellar guy will probably get his 10%.

He sold his stake in Gox when they went bust to some company for $1 iirc.
 

Arstechnica claims he retains a 12% stake in gox. Karpleles took all the flak and did all the hard work while he raked in 12%. If Karpeles gets a payout from the bankruptcy I expect McCaleb will get his 12%.

https://arstechnica.com/tech-policy/2014/05/original-mt-gox-founder-i-lost-around-50000-in-sites-collapse/

McCaleb said that he is no longer involved with the company—which eventually became the world’s largest Bitcoin exchange—since he sold it to Mark Karpeles. Karpeles is now at the center of the Tokyo-based company’s breakdown and bankruptcy and has said little about how Mt. Gox collapsed. McCaleb does, however, retain a 12 percent stake in the company, according to a company document leaked earlier this year

McCaleb kept quiet about his stake, but this leaked gox document revealed it.

https://www.scribd.com/document/209535200/Business-Plan-MtGox-2014-2017

This is from page 3.