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

[Ibian]

Discussing security problems is not shilling. This is childish.

[serveria.com]

Just some thoughts on the latest posts from BitcoinWanga:

This guy's predictions have lost credibility a long time ago when he predicted moon at $10k and we dropped to ~$6k almost immediately after. After that I wasn't taking him seriously but lately he started posting some real BS about stock prices and Bitcoin being dependent on Dow etc. His yesterday's post says we're going down to ~$3k which is a complete BS and FUD and today we see the green all around so I guess either he has become a bearwhale sockpuppet and that was a paid post to push noobs to panic sell at the bottom or he has lost his sense of reality completely....

[LFC_Bitcoin]

Just some thoughts on the latest posts from BitcoinWanga:

This guy's predictions have lost credibility a long time ago when he predicted moon at $10k and we dropped to ~$6k almost immediately after. After that I wasn't taking him seriously but lately he started posting some real BS about stock prices and Bitcoin being dependent on Dow etc. His yesterday's post says we're going down to ~$3k which is a complete BS and FUD and today we see the green all around so I guess either he has become a bearwhale sockpuppet and that was a paid post to push noobs to panic sell at the bottom or he has lost his sense of reality completely....

Probably like most supposed bitcoin experts - no better than all of us at predicting the exact time breakouts either way may occur.

If he flings enough shit at the wall some of it will stick & he’ll be right.

[European Central Bank]

His yesterday's post says we're going down to ~$3k which is a complete BS and FUD

one day of action says nothing about an overall trend. let's see whether he was right at the end of the year.

[d_eddie]

Discussing security problems is not shilling. This is childish.

Discussing security problems while twisting names and calling shitcoins bitcoin is.

[mindrust]

[JayJuanGee]

JJG, I will check back with you when you’ve lost all your Bitcoins. Please do not bother me any more. Bye.

Do what the fuck you want, regarding checking in on me.  Seems pretty unlikely that I am going to be losing my segwit bitcoins based on some stupid ass attack that you warn about.

Regarding  "bothering you," I don't know what the fuck you are talking about.  If you post on this thread, then anyone here (including yours truly) can respond to your nonsense.   It would be better if you would figure out some way to make sense, but if you want to pursue the quasi-incoherent topic that you present, then take suggestions that I made (and I saw some other make the same suggestion to you) to make a thread to present your ideas a bit more coherently, and maybe they will start to take hold and you and I will become buddies... sounds unlikely but there is a chance that you could begin to present your ideas in a more adult manner rather than acting like you know more than everyone else or that you have some kind of secret.. blah blah blah.. bullshit trolling stuff.

[serveria.com]

His yesterday's post says we're going down to ~$3k which is a complete BS and FUD

one day of action says nothing about an overall trend. let's see whether he was right at the end of the year.

Well he mentioned he's still bullish about BTC in the long term but what does it change? Bearish post just before a bullish move? A coincidence?  

[JayJuanGee]

Correct! And that is real Bitcoin, not this Core scam altcoin shit. Again I have no objection to Core making a fork of Bitcoin or even a soft fork as they have done, but the scam part is they do not disclose the true security risks and just herd the n00bs into default wallet settings wherein the n00bs think they are hodling real Bitcoin but they are instead hodling a soft fork altcoin that can in the future be hardforked off of the real Bitcoin.[/size]

I read through the rest of your post, and you are not really adding anything new.. just continued repetition, speculation and mischaracterization...including your characterization of the current bitcoin as an alt coin... pure nonsense.  Our current bitcoin is operating as a product of consensus... so it is not an alt coin as you nonsensically assert.

i look at it this way: i am a long time holder. i have an amount of btc i wish to protect. there is a very small, but non zero, chance i could lose btc stored in a segwit address. and all i have to do to mitigate that risk is store my long term btc in a legacy address. well thats a no brainer to me. after all my long term coins rarely move and segwit has no real advantage for long term holders.

i do have segwit coins, those are the ones i move back and forth to exchanges, use to buy stuff etc, IOW the day to day coins. the bulk of my coins are legacy. i get the best of both worlds: cheap fees on the daily driver segwit coins, better security for the legacy hodl coins. so whats the problem?

EDIT: here is an interesting read.. its what happened to a bunch of segwit coins on a chain that does not support segwit coins. happened on the bcash side but does illustrate what can happen (well, kinda, i think. maybe its not).

https://np.reddit.com/r/Bitcoin/comments/7eixcu/recovering_bch_sent_to_segwit_addresses/

EDIT 2: i don not do bcash, i sold that crap off.

There seems to be nothing wrong with what you are doing, but there still could be a bit of an issue to not support segwit for long term storage, merely based on very low odds of an attack (as you mentioned).  I already mentioned to others  that trolls seem to be striving to get you to NOT use segwit.. and you might play into their hands, perhaps?

Regarding sending bcash to a bitcoin segwit address.
1) Bcash does not use segwit and your link seems to describe some possible problems with bcash, not bitcoin, 2) bcash forked before segwit got implemented and activated into bitcoin  3) bcash continued to use the same addresses for preforked coins.. and then used addresses that look like bitcoin legacy addresses (which could cause confusion), but I don't see what the bcash problem is because they should not be able to use segwit addresses (since they did not implement segwit)...   but yeah, there could be an issue with bcash getting sent to any bitcoin address, whether legacy address or a segwit address.

[JayJuanGee]

Discussing security problems is not shilling. This is childish.

It is shilling if it is exaggerated beyond reason... and it is shilling if it has an effect to cause bitcoin holders to take precautionary measures based on purposefully caused fear rather than reason.

[barota]

my new bottom call

2250

i agree with you...this pump is a signal that another dump coming soon

[mindrust]

If you want to discuss security problems, go to bcash topic.

[Ibian]

Discussing security problems is not shilling. This is childish.

Discussing security problems while twisting names and calling shitcoins bitcoin is.

Do you disagree with anything technical that has been posted in the last few days?

[vapourminer]

i look at it this way: i am a long time holder. i have an amount of btc i wish to protect. there is a very small, but non zero, chance i could lose btc stored in a segwit address. and all i have to do to mitigate that risk is store my long term btc in a legacy address. well thats a no brainer to me. after all my long term coins rarely move and segwit has no real advantage for long term holders.

i do have segwit coins, those are the ones i move back and forth to exchanges, use to buy stuff etc, IOW the day to day coins. the bulk of my coins are legacy. i get the best of both worlds: cheap fees on the daily driver segwit coins, better security for the legacy hodl coins. so whats the problem?

EDIT: here is an interesting read.. its what happened to a bunch of segwit coins on a chain that does not support segwit coins. happened on the bcash side but does illustrate what can happen (well, kinda, i think. maybe its not).

https://np.reddit.com/r/Bitcoin/comments/7eixcu/recovering_bch_sent_to_segwit_addresses/

EDIT 2: i don not do bcash, i sold that crap off.

There seems to be nothing wrong with what you are doing, but there still could be a bit of an issue to not support segwit for long term storage, merely based on very low odds of an attack (as you mentioned).  I already mentioned to others  that trolls seem to be striving to get you to NOT use segwit.. and you might play into their hands, perhaps?

Regarding sending bcash to a bitcoin segwit address.
1) Bcash does not use segwit and your link seems to describe some possible problems with bcash, not bitcoin, 2) bcash forked before segwit got implemented and activated into bitcoin  3) bcash continued to use the same addresses for preforked coins.. and then used addresses that look like bitcoin legacy addresses (which could cause confusion), but I don't see what the bcash problem is because they should not be able to use segwit addresses (since they did not implement segwit)...   but yeah, there could be an issue with bcash getting sent to any bitcoin address, whether legacy address or a segwit address.

im not sure what you mean (point 0?). what disadvantage do i have by storing btc in a legacy address? i will pay a higher fee when i move them at some point and i accept that. but im no worried about it; i tend to move fairly largish amounts (fairly largish to me anyway) at a time and generally im not in a hurry so usually i chose the smallest fee and dont care if it takes days to confirm. its a small percentage compared to the amount i move. for fast transactions i use segwit coins ive set aside for daily driver type stuff.

so how is that playing into anyones hand?

as for point 1, as i mentioned it may not apply except for illustrating how the underlying segwit "spend to anyone" can be exploited. which is admittedly a very small risk, but a risk nonetheless. risk is risk. if it cost basically nothing to eliminate it, why would i not do so?

i guess it boils down to why i would go out of my way to use segwit addys for long term hodl?

[mymenace]

Discussing security problems is not shilling. This is childish.

Yes it is

How long is a piece of string

Always a threat

Always a false flag

if only it was corruption

[Rosewater Foundation]

Anunymint raises some good points. I am guessing similar to Peter Rizun. It points out a potential attack vector on segwit coins.

Dr. Peter Rizun - SegWit Coins are not Bitcoins

The video is worth watching even if you believe Segwit posses no risk.

https://www.youtube.com/watch?v=VoFb3mcxluY

All I read is Trilemma.

[mindrust]

Dr. Peter Rizun - Bitcoin Unlimited (www.bitcoinunlimited.info)

bCASH fan says segwit isn't secure. How surprising.

[mymenace]

Dr. Peter Rizun - Bitcoin Unlimited (www.bitcoinunlimited.info)

bCASH fan says segwit isn't secure. How surprising.

but their right

[El duderino_]

27% of England’s Male Millennials Say Bitcoin Better Investment Than Property

Millennials Turning from Traditional Investments and Toward Crypto

let them 

[HairyMaclairy]

Peter Rizun has about as much credibility as Dorian Nakamoto