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

[fluidjax]

There is really no arguing this point. They worked. To the point that freeking _payment_processors_ accepted zero conf txs.

0-Conf requires trust.

Trust that the miners will behave, and not replace a higher fee TX into the pool.
Trust in TX's without any POW
Trust that your node has connected to other REAL nodes.
Trust that your DNS server hasn't been posioned etc.etc.


The white paper states....

12. Conclusion
We have proposed a system for electronic transactions without relying on trust.

In terms of the white paper, 0-Conf is clearly a fail.

No L2, and a requirement for fast confirmations forces you down the 0-Conf route, everyone knows it sucks, but you have to fight the corner because you have no alternative.

[MelMan2002]

Quality investment advice:

https://vimeo.com/264812431


Unrelated - we are now in the second longest stretch without a recession since 1929

So you are saying the 2010's are akin to the 1960's?  Interesting...very interesting...

[Torque]

The Great BCash scam:

1. Unlimited block size: check

2. Centralized mining: check

3. 0-conf so verification is nill: check

4 Removal of the 21M cap: soon!  

5. Paper derivative backed by BCash: soon!  

[afbitcoins]

With regards to zero confirmation spending. That is stretching credibility a bit. Even the name of it says it all zero confirmations means there is zero confirmation.  I don't remember that ever being a thing. I always thought you need about 6 confirmations to consider it safe?

Dash has a great solution, as usual. With Dash 'instant send' a quorum of masternodes accept the transaction and instantly lock it. No double spend can then happen. Shortly afterwards the confirmation goes through into the blockchain the normal way. Just another example of how Dash already solved all these problems ages ago and the power of the tier of masternodes.

[bitebits]

Darkcoin rambling.

^  Can you please shill your premined and highly centralized shitcoin in the relevant sub? My bank payments are instant for the very same reasons. Thanks.

[TERA2]

The fourth Vegeta is a charm.

[Micky25]

[Last of the V8s]

The fourth Vegeta is a charm.

yuh not terrible little overnight trade there from 8751 to 9011

[Totscha]

With regards to zero confirmation spending. That is stretching credibility a bit. Even the name of it says it all zero confirmations means there is zero confirmation.  I don't remember that ever being a thing. I always thought you need about 6 confirmations to consider it safe?

Dash has a great piss poor solution, as usual. With Dash 'instant send' a quorum of centralized masternodes accept the transaction and instantly lock it. No double spend can then happen. Shortly afterwards the confirmation goes through into the blockchain the normal way. Just another example of how Dash already solved swept all these problems under the carpet ages ago and the power of the tier of masternodes ensures centralization and prevents small players form participating.

FIFY

[Karartma1]

The Battle for 9000: it looks me bitcoin price is moving like some hard core rugby match with so many phases needed before scoring a try. How many do we need still?

[Elwar]

You all don't realize how powerful the Dragon Ball franchise is. They have been milking the "It's is over 9000!" thing for all it's worth. They had to rush to crash the market when it jumped to almost $20k pushing the price back down so they could repeatedly have the price go over 9000.

Some theorize that this is the sole purpose of the creation of Bitcoin.

[Ibian]

Re: Earlier discussions about leftie insanity and how following the law is no protection: Example the first https://www.youtube.com/watch?v=8XqUYgIpeFg&feature=push-u&attr_tag=5b8bhk511Rxll3A7-6

Also, Dankula gets his sentence today. Will be interesting to see if they have gone full Soviet yet.

[realr0ach]

a convicted criminal like Roger Ver

When you use bogus propaganda like this to try and demonize Ver it only makes you look like a conman yourself.  He was arrested for sending fireworks in the mail.  Who gives a shit.  There are a trillion laws and everyone breaks them every day.  Hillary Clinton was caught red-handed trying to destroy her emails for obstruction of justice and not a damn thing happens.  Jews try to false flag chemical attack in Syria (amongst a million others) and Trump goes along with it yet nothing happens to either party.  The law does not matter and all of them can be ignored because nobody running the system believes they apply.

[Totscha]

You all don't realize how powerful the Dragon Ball franchise is. They have been milking the "It's is over 9000!" thing for all it's worth. They had to rush to crash the market when it jumped to almost $20k pushing the price back down so they could repeatedly have the price go over 9000.

Some theorize that this is the sole purpose of the creation of Bitcoin.

Some also theorize the sky is blue because we live inside the eye of a blue-eyed giant named Macumber

[cAPSLOCK]

The fourth Vegeta is a charm.

Either that or it bounces off ~9050

[realr0ach]

Re: Earlier discussions about leftie insanity and how following the law is no protection

The leftist discrimination has got to go.  Why do cuckold lives matter but not Nazis?  What type of broken system is that?

#NaziLivesMatter

[Totscha]

a convicted criminal like Roger Ver

When you use bogus propaganda like this to try and demonize Ver it only makes you look like a conman yourself.  He was arrested for sending fireworks in the mail.  Who gives a shit.  There are a trillion laws and everyone breaks them every day.  Hillary Clinton was caught red-handed trying to destroy her emails for obstruction of justice and not a damn thing happens.  Jews try to false flag chemical attack in Syria (amongst a million others) and Trump goes along with it yet nothing happens to either party.  The law does not matter and all of them can be ignored because nobody running the system believes they apply.

I wouldn't label him a 'convicted criminal' without giving a short summary of his offence. But, there is no reason sugar coat it either. He wasn't just arrested. He plead guilty for selling explosives without a license. And served 10 months in jail for that.

Sure, I break the law all the time. I'm a serial jaywalker, I frequently drive over the speed limit and possibly DUI here and there. You know, stuff that gets you a fine, not months of jail time in the civilized parts of the world.

Saying he did nothing everyone else is also doing is a seriously weak argument.

[Elwar]

You all don't realize how powerful the Dragon Ball franchise is. They have been milking the "It's is over 9000!" thing for all it's worth. They had to rush to crash the market when it jumped to almost $20k pushing the price back down so they could repeatedly have the price go over 9000.

Some theorize that this is the sole purpose of the creation of Bitcoin.

Some also theorize the sky is blue because we live inside the eye of a blue-eyed giant named Macumber

Seems legit. Who am I to argue with some?

[Vlada69]

You gotta see this guys

https://www.antpool.com/announcementDetail.htm?id=53

[jojo69]

You gotta see this guys

https://www.antpool.com/announcementDetail.htm?id=53

desperation