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

[bitserve]

Whats wrong with conspiracy?  Some things should absolutely be questioned until the truth is in a majority consensus.

I suppose.

Never say never, but does anyone really believe that segwit is going to get reversed due to lack of support?

I doubt it.

In the meantime, a variety of FUDsters will continue to denigrate segwit, and seem to cause even smart peeps to fail/refuse to use segwit features (and addresses) which will continue to carry out the intended behaviors preferred by the FUDsters - largely what seems to be a delay the inevitable, which is greater and greater segwit adoption.

Perhaps instead of having high levels (such as greater than 2/3) of segwit adoption in 2 years, it will take more than 4 or 5 years?  If they are successful in the FUD spreading, then I suppose it could take a while to get to majority and even convincingly majority status with segwit adoption, perhaps?

I've been thinking about that anunymint guys idea. Have we seen it play out before, on the etherium blockchain?

He reckons that miners at some point will mine segwit coins to themselves as a 'donation' because (AnyoneCanSpend) in the (original bitcoin) protocol allows it to happen. This will trigger a fork in which the core supported chain would roll back to reverse that theft by miners.

No, it won't roll back. Any block which includes any "steal" of Segwit "anyonecanspend" addresses would simply be rejected/orphaned by the nodes and miners supporting the consensus rules, that is what would automatically make the attackers be left in a new fork (no matter if they are 1% of hashrate or 99% at the moment of the attack).

Then, depending on how much hashrate they represent, would try to claim it is the legitimate chain and try to convince exchanges and other major players (currently running nodes with the consensus rules and with lots of money and credibility on stake) to switch to their chain by changing the software they are currently running to rollback and accept those invalid blocks or directly switch to the rogue chain.

P.S.: It should be noted that at the very moment those exchanges switch to the attackers fork they would be automatically bankrupt. So try to guess what is the probability of that to happen....

[Hueristic]

New poll suggested by nanobtc.

age poll ?? whats the reason?

None, who else lied?
First one I've lied on.

Has anyone read about the supposed satoshi’s handwritten book?
https://www.financemagnates.com/cryptocurrency/news/satoshi-nakamoto-publish-book-according-mysterious-website/

Probably just the usual bs, still waiting to see a signed message from the known billionaire address... but still, cool story:)

If someone’s curious, these are the first 21 pages published:
http://nakamotofamilyfoundation.org/duality.pdf

I just don't get why peops link pdf files here.
Make sure you know what your doing when opening them, they can contain executables.

[Anon136]

no one knows who Q is
#qanon
#wwg1wga
#thegreatawakening
Take it how you want it
Certainly helped me with some good trades, could see the Iran deal was gonna fail, this sent stocks up
Could see the whole North Korea thing unfold
Outlines corrupt criminals to follow and stay away from
etc etc etc
Again you do not have to believe (I have trouble at times), but it sure as hell has important inside knowledge
From Q's armchair warriors I found out that the CIA had been running North Korea, once Trump got rid of the heads of the CIA, North Korea was an open road

I don't care who he is. Just that he is the same person each time or represents the same organization or group of people each time. Again:

If I just go and post as Q on 4chan how to people know if I am or am not the real Q?

The fact your asking me and have not tried it yourself...

Go on go post as Q see what happens, come back here, show us, even better post it on 8chan

Whats the bet this does not happen

There you go. Your lack of an answer is a good enough answer. It's a fallacy anyway your implied argument. Even if I am not good enough to masquerade as Q that doesn't mean that nobody is. He should provide digital signatures. Until he does I have better things to do than take him seriously.

My coins all got placed in segwit addresses when I moved them to a new Trezor.

Obviously you've made a very costly blunder that will haunt you. How can you possibly continue to hodl with the spectre of such great loss dangling overhead?!

Yes, while I'm a totally different person than you are, I agree. The risk is too great. It's all becoming so clear to me now also.

WTT my plague bits for 20 cents on the dollar for healthy non-segwit coins.

[d_eddie]

I will gladly buy segwit tainted coins for good original Satoshi coins. 2 to 1. If doom is incoming, 3 to 1.

[bitcoinPsycho]

[d_eddie]

I just don't get why peops link pdf files here.
Make sure you know what your doing when opening them, they can contain executables.

Maybe the pdf that was linked contained no exe?
Additionally, I suppose people reading these pages would know what to do when the system asks them if it's OK to execute stuff they just downloaded without knowing.

(No flame intended.)

[DonQuijote]

34 % are 40-49 They wanna leave their jobs haha

[HairyMaclairy]

next wave of bullish bullshit

https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/

Security tokens are regulated financial securities – like traditional stocks and bonds – that provide token-holders with ownership interests in the underlying company or asset.

Security tokens will be the third wave of the blockchain boom… and they will make the first two waves look tiny by comparison.

One executive I spoke with expects security tokens to bring 10% of global GDP – roughly $8 trillion – into the blockchain ecosystem by 2024. That represents growth of 28X.

And Bruce Fenton – founding member of The Bitcoin Foundation ...

How does using the blockchain to securely store data about security ownership have any affect on the value of a bitcoin? The value of these securities is not being injected into market cap of bitcoin or backed by bitcoin tokens. They are completely separate things that hold value on their own and hashing them on the blockchain is irrelevant. Securities are backed by brick and mortar companies and company assets and employees and speculation etc and are not backed by a monetary system or a data system. Saying they would make bitcoin worth $10T is like saying that the server's hard drive at NASDAQ is worth $10T. The only thing that would raise value is the extra transaction volume and fees in all the micro transactions needed to maintain a ledger.

Actually security tokens need to be taken quite seriously.  

It is a pathway towards disintermediating traditional stock exchanges.  Issuers don’t particularly care where the money comes from, so long as they can access it.  They certainly don’t feel the need to pay the NYSE listing fees plus book building fees to BAML, GS or JPM if they don’t have to.  

If issuers can issue security tokens to a global audience of investors direct, they should save 10% or more of the raise that gets chewed up in by financial intermediaries.  It is far more efficient to just run an ICO.

Obviously there are security law barriers in place, but people are working on overcoming those.  And securities regulators are being surprisingly facilitative.

What does this mean for Bitcoin you ask?  Well you have to pay for the security tokens using a cryptocurrenxy. Right now ETH has the inside running as the premier fund raising platform.  But the lack of transparency around ETH’s monetary supply means it represents a poor store of value.  

This leaves Bitcoin as a significant winner from tokenisation for the payment of dividends and purchase of securities.  Even more so if we can get RSK happening and create security tokens as a Bitcoin side chain.

[HairyMaclairy]

I just don't get why peops link pdf files here.
Make sure you know what your doing when opening them, they can contain executables.

Maybe the pdf that was linked contained no exe?
Additionally, I suppose people reading these pages would know what to do when the system asks them if it's OK to execute stuff they just downloaded without knowing.

(No flame intended.)

More the point, their opsec is good enough that it doesn’t matter if the computer they use to browse the web is compromised.

[bones261]

I've been thinking about that anunymint guys idea. Have we seen it play out before, on the etherium blockchain?

He reckons that miners at some point will mine segwit coins to themselves as a 'donation' because (AnyoneCanSpend) in the (original bitcoin) protocol allows it to happen. This will trigger a fork in which the core supported chain would roll back to reverse that theft by miners.

No, it won't roll back. Any block which includes any "steal" of Segwit "anyonecanspend" addresses would simply be rejected/orphaned by the nodes and miners supporting the consensus rules, that is what would automatically make the attackers be left in a new fork (no matter if they are 1% of hashrate or 99% at the moment of the attack).

Then, depending on how much hashrate they represent, would try to claim it is the legitimate chain and try to convince exchanges and other major players (currently running nodes with the consensus rules and with lots of money and credibility on stake) to switch to their chain by changing the software they are currently running to rollback and accept those invalid blocks or directly switch to the rogue chain.

P.S.: It should be noted that at the very moment those exchanges switch to the attackers fork they would be automatically bankrupt. So try to guess what is the probability of that to happen....

Well, that is how it is supposed to work. I tried to sift through the bitcoin core github  discussions, to see if this was ever tested on the testnet network and what the results were. Unfortunately, my navigation didn't yield anything; probably because I don't have a clue on where to look.   I also am coming up short on finding out exactly what a miner has to do to claim a anyonecanspend UTXO. That would be helpful to know since I could then start learning exactly what in the Segwit consensus rules would cause the network to orphan a block containing tx where miners attempt to claim a segwit UTXO for themselves.

[Last of the V8s]

Your American youth is very extreme. Hope that doesn't come over here.
There is nothing worse than a warm gin and tonic.

[HairyMaclairy]

[HairyMaclairy]

There is nothing worse than a warm gin and tonic.

I heard all the trains stopped running because it hit 25C over the weekend.

[El duderino_]

let us stay flying in this green zones BTC 

[gentlemand]

I heard all the trains stopped running because it hit 25C over the weekend.

The UK is a serious country filled with serious and capable institutions.

We acknowledge all of them only function within a 5-22 centigrade window but I'd like to see somewhere like Ecuador do better.

[mymenace]

This leaves Bitcoin as a significant winner from tokenisation for the payment of dividends and purchase of securities.  Even more so if we can get RSK happening and create security tokens as a Bitcoin side chain.

RSK

Fast payments as a side chain

Buy segwit
Buy lightning
Buy Bcash

[Last of the V8s]

There is nothing worse than a warm gin and tonic.

I heard all the trains stopped running because it hit 25C over the weekend.

I heard all the koalas were riddled with chlamydia.

[kurious]

Common belgium time to make Some sushi still 0-0 .....

Sorry Micgoosens but the japs seem to be too good today trailing 0:2 

So happy I’m italian and don’t have to care about the World Cup
 

pffff against brazil after a good match i can live with .... but against japan please not
2-2@ the time common !!!!!

3-2 last goal was a perfect beauty i runned down my house like a crazy fucker that i am!!!!! so happy

Awesome match, well done for your lot.

Immediately Fellaini came on it changed everything.   I reckon you can take Brazil.  See you in the final, eh?

[Ibian]

I heard all the trains stopped running because it hit 25C over the weekend.

The UK is a serious country filled with serious and capable institutions.

We acknowledge all of them only function within a 5-22 centigrade window but I'd like to see somewhere like Ecuador do better.

Well, if it was filled with brits... See also the history of Haiti. And its current situation.

[Last of the V8s]

This leaves Bitcoin as a significant winner from tokenisation for the payment of dividends and purchase of securities.  Even more so if we can get RSK happening and create security tokens as a Bitcoin side chain.

RSK

Fast payments as a side chain

Buy segwit
Buy lightning
Buy Bcash

RSK afaik still mired in problems

Liquid is all the rage though https://blockstream.com/2018/07/02/liquid-issued-assets.html

( AXA have not paid me for this post, but somehow my golf club membership gets renewed every year. )