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

[Last of the V8s]

As was foretold thirty years nigh by no less an organ than The Economist ( https://twitter.com/LordCatoshi/status/1046723675502858240 )
The bottom is in and The Phoenix will rise today

[kurious]

stuff i've been looking at while the market chops
https://medium.com/@lopp/a-modest-privacy-protection-proposal-5b47631d7f4c some howlers but a good start
and
http://www.cs.virginia.edu/~robins/YouAndYourResearch.html same
versus
https://uwspace.uwaterloo.ca/bitstream/handle/10012/13649/Vossen_Emma.pdf State-of-the-art PhD application

It is important to note that, “a formal and official” process is often nor[sic] required to join a cultural group and therefore “a degree of actual and imaginary connection with other members would be needed” to claim the identity of the cultural group and become part of that groups[sic] culture (Chang 21). In other words, becoming part of games culture is based entirely on your own personal sense of belonging and your “actual and imaginary connection with other members” (Chang 21). Conversely, members will also develop a sense of who they feel does not belong.

insert headdesk meme

Some excellent and thought-provoking reading, LA / V8..

And hearty congrats on reaching the status that many here on the WO probably reckoned you already had.  Keep it up, eh?

[Last of the V8s]

Thanks guys for the congrats and the merits but it's a travesty.
Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.

[RealMachasm]

Thanks guys for the congrats and the merits but it's a travesty.
Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.

In light of your recent posts and of events that have happened to me in the past, I would advise you to take measures to secure your account on bitcointalk.
There is a post
https://bitcointalk.org/index.php?topic=497545.0
that explains how you can take steps to protect your account (although it didn't do me any good!)
Legendary accounts are going for quite an amount these days.

[TopTort777]

this picture is lacking checking cmc or blockfolio every 5min

[Paashaas]

Be aware if you travel to New Zealand these days.




https://www.radionz.co.nz/news/national/367642/travellers-refusing-digital-search-now-face-5000-customs-fine

WTF?

[Wekkel]

Be aware if you travel to New Zealand these days.




https://www.radionz.co.nz/news/national/367642/travellers-refusing-digital-search-now-face-5000-customs-fine

WTF?

Never go to New Zealand.

On a separate note, Bitcoin price is cooling down in the 4hr chart but I think support will be found just below the $6,500 level. In other words: the sideways trend continues.

[Last of the V8s]

Be aware if you travel to New Zealand these days.
https://www.radionz.co.nz/news/national/367642/travellers-refusing-digital-search-now-face-5000-customs-fine
WTF?

Never go to New Zealand.

or oz/uk/us
https://www.dailymail.co.uk/news/article-6213007/Police-want-mobile-laptop-passwords-jailed-refusing.html
https://techcrunch.com/2017/09/25/traveler-who-refused-to-give-device-passwords-to-police-found-guilty-of-obstruction-in-uk-court/
https://www.theregister.co.uk/2017/03/20/appeals_court_contempt_passwords/

they "just want to" strip a few btc from a few tards, who frankly almost deserve it if they're stupid enough to play that charade

[hv_]

Coffee time for Crypto Bugs

http://coffee4crypto.com

[Phil_S]

Makes sense to buy a cheap phone just for a trip, with no secret/personal info.

[Torque]

OT : Bitcoin-related pump and dump of the day - Overstock.com

Look at the 5-year chart, lol
https://www.google.com/search?q=overstock+stock&ie=utf-8&oe=utf-8&client=firefox-b-1

Feel sorry for anyone that got caught up in that. Overstock is still a good company and Patrick is the bomb of CEOs.

[jbreher]

Thanks guys for the congrats and the merits but it's a travesty.
Am totally not worthy to be in the same leagues ('legendary') as some of you. Even jbreher did a good thing once.

cheers!

[bitserve]

Be aware if you travel to New Zealand these days.




https://www.radionz.co.nz/news/national/367642/travellers-refusing-digital-search-now-face-5000-customs-fine

WTF?

Never go to New Zealand.

On a separate note, Bitcoin price is cooling down in the 4hr chart but I think support will be found just below the $6,500 level. In other words: the sideways trend continues.

Never travel without your clean "disposable" electronics (laptop/phone). That way you don't even have to worry much about theft or losing em.

In other words, always repurpose your older devices as traveling gear when you do upgrade.

[d_eddie]

Just bought s'moar. Dollar cost averaging on its way, especially on the way down as someone else has drilled into our collective heads 

I hope my timing is lucky this time around. Not so much for the small advantage of buying slightly cheaper, but as a good start for a year final bull run in bitcoin's best tradition. Every moon climb begins by tackling a hill.

[cAPSLOCK]

Segwit and nonsegwit are all "on the blockchain."  I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain?  I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp...   It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.

Yeah... about that....

Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it.

People testing the lightning network are seeing 400TPS easily between two nodes.  

Segwit let that happen.

Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ...

Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out.

But what difference does it make, jbreher, if "on the blockchain" or not,

Because 'on the blockchain' means 'on the blockchain'.

Because words have meanings.

Because the total value accessible* on the pan-global lightning network won't even buy a single house in some markets.

*Because that total value really isn't 'accessible' anyhow.

We that is the fundamental argument is't it?  I mean you ad-hom calling me a loon is not very effective, but that aside, The choice of the Bitcoin camp is to move mass tx *off* chain.  And segwit allowed that.  The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain.  I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain.

[jojo69]

jeez guys...I don't know what is happening

I'm supposed to be an OG bitcoin sophisticate and shit.




I'm bored man, I mean, I really appreciate y'alls efforts to entertain and engage, I really do, but man, the rain is coming soon and this sideways is boring as fuck.

it might be time

[AlcoHoDL]

[...]

The choice of the Bitcoin camp is to move mass tx *off* chain.  And segwit allowed that.  The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain.  I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain.

Exactly! I just can't imagine my daily morning coffee and other petty, insignificant purchases being permanently recorded on-chain, and having to be copied to millions of devices on the network and preserved ad-infinitum... This would soon result in a monstrously large blockchain that contained mostly worthless junk. It just seems so pointless and a great waste of resources.

Logic dictates that, as Bitcoin grows and adoption increases, the blockchain should tend to contain mostly transactions of non-trivial value, that are either transfers of non-trivial amounts of value/wealth, or aggregates of smaller transactions coming from one or more off-chain layers, such as the Lightning Network. Such "layered" approaches are already being successfully utilized in several computer science concepts that are being used by you and me everyday. Computer networking is one of them.

Regardless of what each of us support, the Bitcoin ecosystem will find its way, and, almost by definition, will move towards the optimal solution to the scaling problem. "Vires in numeris." Nothing to worry about. Just HoDL and enjoy the show.

[HairyMaclairy]

Goldman invests in Bitcoin B2B payment services start up Veem

https://cointelegraph.com/news/goldman-sachs-leads-25-million-funding-round-for-blockchain-payments-startup-veem

[d_eddie]

https://twitter.com/btcking555/status/1046830200372318213

Investors IPOwned... nothing to see here gents, please move along.

[infofront]

Segwit and nonsegwit are all "on the blockchain."  I don't know how anyone who has been in bitcoin for a while would conclude that segwit is NOT on the blockchain?  I do believe that segwit has allowed the transactions per second to jump up dramatically and if you hit refresh on that page you will see the transactions per second jumping around between 10tsp and over 300tsp...   It seems that before segwit, there were proclamations that the bitcoin blockchain could only process a maximum of 7tps.

Yeah... about that....

Segwit or no segwit, BTC is utterly incapable of averaging 300 tps. By a couple orders of magnitude. Block weight will not allow it.

People testing the lightning network are seeing 400TPS easily between two nodes.  

Segwit let that happen.

Note the "on the blockchain" in the quote that advances the mistaken notion -- which I corrected -- that ...

Oh fuck it. If you're determined to be a loon, go ahead. Knock yourself out.

But what difference does it make, jbreher, if "on the blockchain" or not,

Because 'on the blockchain' means 'on the blockchain'.

Because words have meanings.

Because the total value accessible* on the pan-global lightning network won't even buy a single house in some markets.

*Because that total value really isn't 'accessible' anyhow.

We that is the fundamental argument is't it?  I mean you ad-hom calling me a loon is not very effective, but that aside, The choice of the Bitcoin camp is to move mass tx *off* chain.  And segwit allowed that.  The Choice of the BitcoinCash crowd is to have every transaction permanently recorded on the main chain.  I think the layer-2 way is right, and therefore I am glad to see hundreds or thousands of tx/sec to move OFF the blockchain.

Lightning, or something extremely similar, would've been possible without segwit.