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

[d_eddie]

any mining pools using lightning? would that work?

It would work great.  For payouts?  Lines directly to exchanges...

In fact I would predict we see the first "industrial" sorts of channels going up for those scenarios.

One problem I see is that these channels would be unidirectional, in the sense of hard to balance out, unless I'm missing something about this use case. Besides, maximum channel capacity is still seriously limited to "pocket change" amounts (that's on purpose, for safety), so LN won't be terribly useful for payouts until the limits are raised.

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[El duderino_]

I could be glib and point out the 'cash' in the title.

Are you fucking serious right now ? That's your ultimate argument ? It had 'cash' in the title, therefore Bitcoin Cash is the real Bitcorn ?

Go fuck yourself you disingenuous bellend.

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

Those "freeking" <sic> _payment_processors_ are fucking retarded for accepting zero confirmation Bitcorn transactions.

OK, go ahead and 'rip me a new asshole'. Big boy.

I'm not sure why I unignored you to begin with. I saw people Meriting your posts and thought I should give you another "try" - so to speak - but, TBH, I really don't have the desire to engage with, nor discuss a hostile fork of Bitcorn with you or any other of Roger's disciples.

It's like trying to convince an Mohammedan to eat bacon. No good will come of it.

Back on ignore you go.

Permanently.

Still stupid the pump bcash is having This moment
No good Will come of iT ;-) but how long Will iT last before Going back down

Hey Mic, I think I have never read if you already sold all your Bcash or not... Did you? If not, this doesn't look like a bad moment to sell, at least, some more.

Bcash is the only Fork i did sell all.... but thanks for saying

[El duderino_]

Thing seem to be on track for a static month. Come the middle of May I feel like the big short is coming as all this manipulation of alts will climax. The dump will be brutal and capitulation widespread.

I could care less about what happens to alt manipulation, but I'm agreeing with your assessment with another (for the sake of argument) "static month" for BTC price-action.

I'm fully expecting to lose 'Goosens $12,888 guesstimation-game with my vote cast for April 29th, 2018.

At this rate, I'll be amazed if we try to find stability around $10k by June 31st, 2018.

April 29 looks little bit to FAST but hopefully its time to buckle up and Just crush a few 5-digit Numbers , could be Nice to see ATH @summer times been followed by eternal ATH’s for BTC together with lows on bcash

I actually never have given a thought what my own date would be on those lists..... 

[infofront]

whoa JimboToronto you and yours safe indoors?
Rosewater?

Rosewater seems to be handling the flooding well.

[El duderino_]

Would there be Many on the list besides jbreher if i would pay out in bcash....??   

[Last of the V8s]

whoa JimboToronto you and yours safe indoors?
Rosewater?

Rosewater seems to be handling the flooding well.

img]https://i.imgur.com/Mfs1Dyb.jpg[/img]

seems to be a van attack

[Ludwig Von]

Would there be Many on the list besides jbreher if i would pay out in bcash....??   

Joke of the day Michel, een meritje!

[jbreher]

Surely, zero confirmation transactions contradict satoshi's vision whether we are talking about the whitepaper itself or other implementation statements from Satoshi...

Surely, then, you can support your outrageous claim with quotes from the whitepaper or other implementation statements from Satoshi, which specifically show zero conf txs to be in contradiction, right?

inb4: 'I'm not going to <blah blah blah>'

[Peter R]

I could be glib and point out the 'cash' in the title. But I don't have to. Back before the tx volume got big enough to be chronically delayed to the 'next' block, zero conf txs were routine.

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

Here's a website that tracks 0-conf double-spend attempts on BCH:

https://doublespend.cash/

It is very rare for the transaction broadcast second to be confirmed in a block, even when it offers a higher fee.  

And 0-conf can be improved further, for example with double-spend relaying so that merchants can quickly detect fraud attempts:

https://www.youtube.com/watch?v=OAt6B7b4GeM

Or by more finely-grained proof-of-work to discourage miners from facilitating fraud:

https://www.youtube.com/watch?v=yXFuNkaYcPQ

[xhomerx10]

whoa JimboToronto you and yours safe indoors?
Rosewater?

 Jimbo doesnt live in that area... I cant imagine there'd be reason for him to venture up that way.

[vroom]

This user is currently ignored.

who cares, this is a bitcoin forum

[jbreher]

So why spend all this time on the topic of supposed value of zero confirmations,

Well, for my part, I am just continuing the conversation that ensued when BobLawblaw issued an edict* that zero conf 'was not the way Bitcoin is supposed to work' (* I guess BLB doesn't understand 'permissionless'). Why are _you_ spending all this time on the topic?

[explorer]

Quality investment advice:

https://vimeo.com/264812431


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

Those elastic measuring sticks...

[jbreher]

ouch. my asshole. 

I could be glib and point out the 'cash' in the title.

Are you fucking serious right now ? That's your ultimate argument ? It had 'cash' in the title, therefore Bitcoin Cash is the real Bitcorn ?

Well, it is obviously NOT my ultimate argument, as I went on to point out...

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

Those "freeking" <sic> _payment_processors_ are fucking retarded for accepting zero confirmation Bitcorn transactions.

They had a business model that was profitable in accepting zero conf at the time when Bitcoin was not perma-backlogged. You claim it is retarded to make money? Retardation comes in many guises. Some can apparently be found in mirrors in Montana and Texas.

OK, go ahead and 'rip me a new asshole'. Big boy.

Back on ignore you go.

Permanently.

aw. you hurt my feelings. again. 

[gembitz]

Good mornin' Bitcoinland.

Still going sideways trying to pass $9k... currently $8920USD/$11444CAD (Bitcoinaverage).

Maybe this week will get it done.

In the meantime, ho hum.

 

BTCBTC news ===>

"  Are we experiencing the biggest, most epic bubble in the history of the [art] world? Perhaps. Or maybe not. According to market theorists, speculators and trend forecasters, the Leonardo da Vinci painting that sold last night at Christie’s New York for a whopping $451 million (62,500 bitcoin) represented red-hot greed, and signaled a sizzling risk-on sentiment for the foreseeable future. "

https://vivisxn.com/christ-as-salvator-mundi-caught-an-insane-bid-last-night-at-christies/

[explorer]

You gotta see this guys

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

desperation

WTAF? They've lost their marbles, and the justification is complete nonsense. "It's so valuable that we burn it!"

It's to reward the holders, right?

Also I'm guessing the supposed black hole address in question is of the "no-really-trust-us-we-don't-have-the-private-key" variety?

You beat me to it, ehehe 

We call for other miners to join us in burning 12% of the transaction fees collected.

This has to be one of the stupidest things I've seen.  Let's just burn it all!  It will be great, we can change the name to OneCoin!

[jbreher]

0-confirmations ...The arguments against BCash ridiculous claim this is something new and better then BTC

Bitcoin Cash doesn't claim that zero conf is some great new thing. The claim is that zero conf is usable in commerce on Bitcoin Cash. And unusable in commerce on Bitcoin Segwit.

For full blocks, unpredictable fees, and indeterminate confirmation times all serve to undermine the viability of accepting zero conf txs. Follow that with Core's poor decision to implement RBF, and it is downright unusable any longer on BCH.

[jbreher]

Removal of the 21M cap: soon!

Perhaps you'd be so kind as to provide even the slightest shred of evidence for your absurd assertion?

[El duderino_]

Thing seem to be on track for a static month. Come the middle of May I feel like the big short is coming as all this manipulation of alts will climax. The dump will be brutal and capitulation widespread.

I could care less about what happens to alt manipulation, but I'm agreeing with your assessment with another (for the sake of argument) "static month" for BTC price-action.

I'm fully expecting to lose 'Goosens $12,888 guesstimation-game with my vote cast for April 29th, 2018.

At this rate, I'll be amazed if we try to find stability around $10k by June 31st, 2018.

Think I went for some time in September for the $12,888 game, partly due to the fact a lot of dates were taken. I hope I am wrong & way over shot my prediction.

I wouldn’t mind sending them to you iT would be a pleasure but i hope iT Will be faster as well .....for me iT can be whitin 30 daysss or So  

[JayJuanGee]

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.

FFS - if you're going to shill an altcoin here, at least pick a respectable one.

Please define "respectable" in terms of alt coins.