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

[realr0ach]

There's a free world?

There are 300 million goyim sleeper cells in America ready to fight on the side of Russia against the Jew.

[marcus_of_augustus]

Guys look at this. From the paper Scalable Funding of Bitcoin Micropayment Channel Networks

We propose a new layer that sits in between the blockchain and the payment channels. The new layer addresses the scalability problem by enabling trust-less off-blockchain channel funding. It consists of shared accounts of groups of nodes that flexibly create oneto-one channels for the payment network. The new system allows rapid changes of the allocation of funds to channels and reduces the cost of opening new channels. Instead of one blockchain transaction per channel, each user only needs one transaction to enter a group of nodes – within the group the user can create arbitrary many channels. For a group of 20 users with 100 intra-group channels, the cost of the blockchain transactions is reduced by 90% compared to 100 regular micropayment channels opened on the blockchain. This can be increased further to 96% if Bitcoin introduces Schnorr signatures with signature aggregation.

Does everyone else know about this? I have a night ahead of me trying to comprehend this white paper but man I'm actually excited to dig into this one!

... yeah, sounds awesome right? Signature and transaction aggregation was always the way forward, exchange TX aggregation, payment channels, lightning network and other stuff are the best examples of that so far. Every BTC blockchain TX is sacred, it's like that monty python song (ask LukeDashJR), any number of sub-transactions, sub-sub-transaction and etc ... can be scaled into any single BTC blockchain transaction, it's merely a problem of trustless, anonymous coordination of the aggregation of signing parties, which is evidently soluble.

Big whorls have little whorls

That feed on their velocity,

And little whorls have lesser whorls

And so on to viscosity.

-- Lewis F. Richardson

Scaling down and in-between the cracks was always superior to scaling up for fungibility, robustness, censorship-resistance, decentralisation and etc. It just needs brains, vision and sweat to imagine and implement.  Self-similarity is a property based on fractal mathematics that happens to the right of the decimal, you need to divide not multiply. Self-similarity and fractal scaling (scale-free networks) is the true power of networks with organic growth.

Buh, buh muh-bigger-blocks-now crowd can go shove it ... they were so wrong in how this was going to go and they lost because they bet on idiot ideas, hurt pride and rekt wallets from hubris (and a little dumb-assness).

[Anon136]

There's a free world?

Living in America + having means. Yea it's pretty free. I can shoot my guns and grow my gardens and raise my chickens and build exactly the house I want. I can hop in my car and drive anywhere I want. I can say what ever I want. Nigger fag spic kike. I could be anywhere in the world I wanted within 48 hours. There isn't a whole lot that I want to do that I am not able to do. And even that small list with most of those things I understand why I can't even though I want to.

I don't understand people who say there is so little freedom. I mean I guess in certain occupations, but I have chosen a path in my life that maximizes my freedom, intentionally so. So, I hardly ever run into bullshit. And other people, if they cared about freedom, could have made similar choices. Even my financial independence came from investing in cryptocurrencies which was an expression of my seeking of freedom. Just trying to be free gave me the wealth to become free. Who could have guessed that seeking freedom would lead to freedom!?

yeah...

This is it isn't it marcus. This is the big one. This revolution, it's going to actually happen.

[Tyr808]

Last video of the Hodge twins they are super depressed and considering selling all at a loss. At the end even the topic of suicide emerged spontaneously.

Bullish.

Hodge twins confirmed contrarian indicator BTW.

[HairyMaclairy]

We are testing resistance at $7580.  Bullish if we break it, bearish if we test and cannot break through.

[Tyr808]

 

Cramer is another contrarian indicator. But unlike the Hodge twins, who are a contrarian indicators because of double digit IQs (even when summed), he's just a manipulative lying filthy worm.

[Anon136]

We are testing resistance at $7580.  Bullish if we break it, bearish if we test and cannot break through.

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

[HairyMaclairy]

If we see $7650 today or $7700 tomorrow I would expect another vertical candle into $8k.

If we sit here for two days then we go straight back down again, vertically.

[mike4001_]

If we see $7650 today or $7700 tomorrow I would expect another vertical candle into $8k.

If we sit here for two days then we go straight back down again, vertically.

Just don't take away the 7 from me :-/

[HairyMaclairy]

There's a free world?

Living in America + having means. Yea it's pretty free. I can shoot my guns and grow my gardens and raise my chickens and build exactly the house I want. I can hop in my car and drive anywhere I want. I can say what ever I want. Nigger fag spic kike. I could be anywhere in the world I wanted within 48 hours. There isn't a whole lot that I want to do that I am not able to do. And even that small list with most of those things I understand why I can't even though I want to.

I don't understand people who say there is so little freedom. I mean I guess in certain occupations, but I have chosen a path in my life that maximizes my freedom, intentionally so. So, I hardly ever run into bullshit. And other people, if they cared about freedom, could have made similar choices. Even my financial independence came from investing in cryptocurrencies which was an expression of my seeking of freedom. Just trying to be free gave me the wealth to become free. Who could have guessed that seeking freedom would lead to freedom!?

yeah...

This is it isn't it marcus. This is the big one. This revolution, it's going to actually happen.

You aren’t poor.  At least, you aren’t dirt poor.  You enjoy the freedoms afforded anyone who is affluent in a Western country.  You are probably a white middle class male with a commensurate income.  

A lot of us lefties look at the poor in America and think that the divide is too great. They fear that what happens in America will eventually happen to their country too.  We also have our alt-right and our NeoNazis.

But here our poor have free high quality healthcare and there is a modest social safety net.  No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.   Part of that is not fucking over your poor.  If you fuck over your poor you end up with South Africa or Detroit.  Yes you can have gated communities but I don’t want to live like that.  I can walk down the worst street in my large city at 2am and not worry. I like that.  

A big part of the reason is because we take care of our poor, more or less.  Too many libertarians are like Marie Aintonette “let them eat cake”.  We all know how that worked out.

[Phil_S]

I wonder how the same "compassionate" people can support sanctions against other countries, knowing full well that poor people in those countries might eventually become extremely dangerous and violent.

[BitcoinNewsMagazine]

We are testing resistance at $7580.  Bullish if we break it, bearish if we test and cannot break through.

Unless $10,000 is taken out on volume this advance is just a bull trap in an ongoing bear market. Sorry about that; expecting a bear market that is only 7 months old to end now is a stretch.

[Wekkel]

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

Why would you short right now instead of waiting for intermediate topping signals? Shorting just because ‘up’ is nothing but stepping in front of an upcoming train. I.e., bad trading practices.

[HairyMaclairy]

I wonder how the same "compassionate" people can support sanctions against other countries, knowing full well that poor people in those countries might eventually become extremely dangerous and violent.

Sanctions, like interest rates, are a crude weapon.  Sanctions don’t help North Korean peasants. Unfortunately, North Korean peasants are probably fucked until we can bring about a regime change.  Which probably requires a regime change in China first. So yeah, they are fucked.

[Anon136]

You aren’t poor.  At least, you aren’t dirt poor.

I started out poor. Dirt poor in fact. We are all born with nothing. My mother and father never gave me anything except some of my values and the ability to develop myself in relative security when I was in that developmental stage of my life. Good things to have, things that some people lack and that is a great tragedy no doubt, but no more than the basics.

But our poor have free high quality healthcare and there is a modest social safety net. No one dies in the gutter. We don’t want to live in a society where people are desperate, because people with nothing to lose are extremely dangerous and violent.  We want a nice peaceful society where everyone has equal opportunity.

Pretty much everyone has internet now from a young age. All they need beyond access to the internet in order to have boundless opportunity at their fingertips is parents that don't abuse them and provide the basic necessities of life. If they emerge from having the two and lacking the one still unable to afford health insurance while they are in their prime, the healthiest they will ever be in their lives, that is not a failure of the people around them to be sufficiently generous in provisioning these things to them for free. It is either a failure of the insurance industry to make this affordable, or in our case the failure of the state to allow the insurance companies to be able to make this affordable (in my country government intervention screws up, among other things, the ability of insurance companies to duly discriminate in the way that advantages one for being young an healthy) or a failure on the part of the subject to have accrued any reasonable amount of personal value during that long long protected period.

Which ever one of those it is, why is it my responsibility to pay for his healthcare? Screw that. I do not consent. And you want to use violence to extract the means from me? To pay for healthcare for some loser who didn't put in the effort to be able to pay for it himself? Or to some corrupt amalgam of private and state interests in the event that he isn't able to afford it even if he isn't a loser? You are NOT the good guy here. That threat of violence is much worse than my unwillingness to fund losers or corrupt institutions.

Part of that is not fucking over your poor.

I never fucked over a poor person in my life. I am always honest in my dealings. And refusing to give someone money in exchange for nothing is not "fucking him over". That concept is such a perverse twisting of logic it makes me want to gag.

Everything is bearish at this point, no? I mean you can only go up so long in a strait line. If I was a trader I would be shorting right about now.

Why would you short right now instead of waiting for intermediate topping signals? Shorting just because ‘up’ is nothing but stepping in front of an upcoming train. I.e., bad trading practices.

Haha well then it sure is a good thing I don't trade .

[HairyMaclairy]

But you will gladly pay $800,000 per round for a Zumwalt frigate?   

https://www.popularmechanics.com/military/navy-ships/a23738/uss-zumwalt-ammo-too-expensive/

[Phil_S]

Sanctions, like interest rates, are a crude weapon.

But necessary? Even though poor people in those countries might eventually become extremely dangerous and violent? Still worth it?

[HairyMaclairy]

Sanctions, like interest rates, are a crude weapon.

But necessary? Even though poor people in those countries might eventually become extremely dangerous and violent? Still worth it?

It depends.   North Korean peasants are no threat to me.  A nuclear armed North Korea is more of a threat, but realistically they are so tightly controlled by China that unlikely to do anything.

Sanctions on Cuba?  Cuba isn’t a threat to anyone other than Miami fatcats. Sanctions on Cuba probably aren’t justified.

[Phil_S]

So compassion is not really a factor here, right? Only a potential "threat" is a factor.

[HairyMaclairy]

So compassion is not really a factor here, right? Only a potential "threat" is a factor.

It’s one factor but needs to be viewed in a broader context, including threat scenarios.  

The bit the alt-right completely misses is when the walls go up, most of them are so poorly educated and poor that most of them will be on the wrong side of the wall, and the wrong end of the sentry guns. By working to destroy social protections, the rootless, low educated, white males who are Steve Bannons troops are only digging themselves a hole.  

I intend to be inside the walls.  But I would rather that there were no walls at all and we all managed to get along peacefully.  

If the walls do go up, it is because we have made bad choices as a society and focused on ourselves to the exclusion of all others, enough to make those others desperate and dangerous.