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

[d_eddie]

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

Not if the blocksize is out of control.

[JayJuanGee]

Exactly. By the chain that wins the upcoming BCH hash battle. Bitcoin Cash implementing the SV consensus rules.

The hashrate fight has not even started yet. All we are watching are preliminary intimidation movements. I would not count a winner just yet.

True enough. Though if momentum be any valid indicator...

Where's the ABC white knight? Is bitmain going to stop mining BTC in order to mine their fork?

They certainly could be holding back on mining power, too, in order to strategically deploy it.  You should know that much, at least.   

[d_eddie]

Craig Wright is tweeting literally every 10 minutes tonight


Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.

In mid to late 2019, I will explain it.

It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

Sorry. You allowed Core to kill BTC.

I did try and stop you.

He's getting fuller and fuller. I hope he bursts far from the fan.

[Ibian]

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

Not if the blocksize is out of control.

I think even Satoshi said somewhere that it's not realistic in the long term?

[d_eddie]

So I would not become too self-congratulatory and smug if I were you

Good advice. I will probably eat dirt on the next trade.

I had been waiting for a long long time to put on a sizeable leveraged short if it went under the trendline at 6050-6100 or so, thinking it would go very fast all of a sudden, yet when the moment came... I just didn't. I just sold a little and then I thought, I will wait for a little while now, best not to make any rash decisions all of a sudden...  It continues to baffle me how my mind can play tricks on me.  Now I am left wondering why I didn't carry out my plan...

I feel you, man.

What works for me is setting up the orders in advance after working out the math (worst case analysis in particular). It's relieving, and once in a while you get a nice surprise - like Hairy, who said something about waking up to a handsomely plumped up account.

[Torque]

I'm so glad that Tim Berners-Lee is still around so we can all consult him on how best to use the Internet going forward.

It's vital that we adhere to "Tim's Original Vision", because there aren't any other smartpeople^TM around to think about it for themselves.

[d_eddie]

What plans are there for block explorers and electrum wallets for the new forks? The SV and ABC websites only seem to offer qt wallets. I can't find anything for everyday people, only stuff for miners and full node hosters.

Hmm. I thought the core narrative was that everyone should run a fully-validating non-mining wallet (often mistakenly called 'full nodes'). No? Say it isn't so!

Not if the blocksize is out of control.

I think even Satoshi said somewhere that it's not realistic in the long term?

He did, and the size has grown some indeed, even after the temporary hard limit to 1 MB. But can you imagine blocksize varying with emerging consensus? It can go to the moon immediately when the big fish fancy kicking everybody else off the validating business.

[JayJuanGee]

Jihan exactly knows how much hashpower they do have in total.

::*ahem!*:: Speculation based solely upon allegations not yet entered into evidence. By what mechanism do you think Jihan knows their total hash power?

You trying to assert that miners don't know their own business and their own hashing capabilities?   They might not know exactly in a granular way, but they should have a pretty sense about how much hashpower they are using and how such hashing power is currently allocated and how much they can ramp up more hashpower if they need to (or want to) and how much they are ready, willing and able to divert from one project to another.

They might not know exactly what others have, but they likely have a better sense than folks who are not daily engaged in such mining business.  Most sophisticated miners are likely tracking the actual hashpower of their competitors and their allies (and comparing those trackings with claims that are made about hashpower capabilities).

[JayJuanGee]

Dr Craig S Wright @ProfFaustus
Well. In 2017 I said there was a MAJOR issue with SegWit.
In mid to late 2019, I will explain it.
It cannot be removed. It cannot be fixed. It is not solvable and, you cannot work around it.

I am not a man prone to violence, but when I see outright blatant lies like this, I really want to clock that fart-huffer square across his moisturized cheek-bone.

I take some solace in knowing this lunacy will likely come to some sort of conclusion, within the next 48-72 hours.

I doubt that we really know for sure how long the drama will play out.  Sure, it could dry up quickly, but it might not, too.  I would not be counting my chickens too soon.

[Searing]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.



https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Yep.  There can be a flash of hashpower, and then a question whether the hashpower is sustainable, so even if you can answer questions of ready and able to deploy in the affirmative, you may not be able to answer the questions about willing to deploy until you see the hardfork actually occur.. .that is if such hardfork actually does take place. 

So, I am not going to treat a maybe and a perhaps as if it already has happened when it has not happened, yet.  You can also tell me that I am wrong.. blah blah blah... but that is just the way I roll in terms of not assigning 100% to events that might only be 75% or 85% or 95%, if we are going to give them some benefit of the doubt that they really are going to do what they say they are going to do.

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

https://cash.coin.dance/blocks

this is not gonna end well..press wise...fud wise...nor crypto wise

[JayJuanGee]

So all of this crash was because 2 guys and some more are fighting on twitter over hash power? Ridiculous market.

Its the same impact as a president tweeting something about any company.

But there is a difference from 1 company and a whole international 24/7 market, isn't it? Plus these are supposed to be currencies. It's ridiculous.

It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Who is the "we" that you talk about?

And what are all of the supposed "wall street regulations"?

Bitcoin is hardly regulated...

Of course, regulators try to make some kyc and aml requirements, and they are going to continue to try to make more and more regulations to fit round pegs in square holes, and they may even customize some regulations to bitcoin and to other cryptos and even ICOs.

So far the kyc and aml regs have to do with on and off ramping from fiat and through bank regulated exchanges... Hardly applicable to overall bitcoin claims, right?  No general regulatory body covering world wide, either. 

Are you trying to sugguest something more meaningful about what is going on in bitcoin and various sporadic regs than making vague references to an ongoing desire of various governments (and likely traditional financial institutions) to regulate that some people might have? 

But that would hardly qualify as a "we" would it?  Neither in kind of regulation nor amount of regulation.  What am I missing about your seemingly vague point?

Calm down Jay, it was a joke. No need to bring out the Great Wall of china.

We don't joke in this thread.

Wow.... Been awhile since you been around... go figure.   

[JayJuanGee]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

You don’t like theymos much, do you? LOL

Relevance? Never met theymos, so I don't have any basis upon which to like or dislike him or her.

I was just pointing out that theymos' blanket statement was erroneous.

Anyone can control bitcoin if they have enough money and the desire to do it. But who is stupid enough and has that much money to throw away? hash power=money.

In my experience, stupid people rarely amass much money. Lacking knowledge of the contrary, I would venture to speculate that an incidence of a stupid person amassing enough money to steer a $100B market is unprecedented.

Just some of the things you’ve said in the past. Maybe I should change that to “agree with him” instead of like.

Yes, it’s almost impossible to control $100b market by purchasing btc directly. Hash power is a lesser figure. Still tons of money but not $100b.

Stupid people don’t amass much money? Have you heard of Donald Trump and Paris Hilton?

Both born into it. What's your point?

Bitcoin is easy to control.

SEC disapproval of Winklevoss ETF:

“The Winklevoss ETF proposal was rejected because the SEC found that the significant markets for Bitcoin tend to be unregulated overseas markets that are potentially subject to price manipulation.”

Who gives a ratt's ass what SEC finds or says or approves or disapproves?

I’m pretty sure the SEC cares and I know the Winkledouches care.

Yeah?  But who else?  Anyone that matters?

[JayJuanGee]

Or "He ... still actually has a bunch of mining capacity hidden away somewhere."

Oh. Would you look at that. Turns out that he did.

Believe it when we see it.

How's 2/3 of the network - up from considerable minority days ago.



https://cash.coin.dance/blocks/today

Oh too late! You didn't close your eyes fast enough.

There is none so blind as he who refuses to see.

Yep.  There can be a flash of hashpower, and then a question whether the hashpower is sustainable, so even if you can answer questions of ready and able to deploy in the affirmative, you may not be able to answer the questions about willing to deploy until you see the hardfork actually occur.. .that is if such hardfork actually does take place. 

So, I am not going to treat a maybe and a perhaps as if it already has happened when it has not happened, yet.  You can also tell me that I am wrong.. blah blah blah... but that is just the way I roll in terms of not assigning 100% to events that might only be 75% or 85% or 95%, if we are going to give them some benefit of the doubt that they really are going to do what they say they are going to do.

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

https://cash.coin.dance/blocks

this is not gonna end well..press wise...fud wise...nor crypto wise

I would NOT be presuming to know what is going to happen in terms of actual hash rate deployment, when push comes to shove and the rubber hits the road. just as bitserve asserted a few pages back.  The hash war has not even started yet. 

Miners are merely in a current game of posturing, but does not conclusively indicate that they can either employ or sustain the amount(s) of hash power that they are pre-fork posturing.

[DaRude]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

[ImI]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan. 

[itod]

If that idiot Faketoshi outwits the snake Jihan I will eat the hat from my avatar. Hate to admit it, but I'm cheering for the Bitmain swindler in these shitfork wars.

[xhomerx10]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan. 

Step 1 pretend Satoshi, Step 2 buy big into fork while cheap step 3 use some of the personal funds to intimidate during fork, Step 4 control shitcoin and pretend it's new Bitcoin Step 5 be richer than at step 1

 For faketoshi, I think it just comes down to this -

[DaRude]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan. 

Hmm so bcash needed those insane capital injections just to be at 7% after a yr. Even if he is so delusional, and believe that his product is so much better he must realize the resistance thats building up, the spam, the DDoS, pissing off a bunch of ABC devs etc... I mean he twitted himself that he'll have to dig into his BTC reserves just to take over 51% of bcash which is at 7% of BTC, he seems to be struggling to raise ~4% of BTC hash as is

[DaRude]

yep.....looks like Craig Wright has gotten his way and will soon be in control of Bitcoin Cash after taking over more than 51% of the BCH network.

Absolute fucking lulz.

I have to imagine Roger Ver is literally in tears at this moment.

Babies are dying, etc...

Unless he really has BTC1MM (or whatever will be left after fighting ABC) and is actually insane enough to believe he can take on BTC i really don't see his end game. So Bitmain will unload their 1MM in bcashSV to him, and if we to believe that he already has 1MM in bcashSV that'll put him at over 2MM+ in bcashSV. A shitcoin with even less support than bcash and a ton of enemies WTF is he planning on doing with that?

His view is quite obv imo:

He builds a better product than the rest and therefore generates demand. If Reddit, Twitter or Bitcointalk like him or not won't be decisive for success or not.

Now you can obv disagree if the markets will agree with him or not or if he really will have a better product but you asked for his "plan" and here you go, that's his plan.  

Step 1 pretend Satoshi, Step 2 buy big into fork while cheap step 3 use some of the personal funds to intimidate during fork, Step 4 control shitcoin and pretend it's new Bitcoin Step 5 be richer than at step 1

Nah this power move is definitely costing him a lot! In fact since he pretty much controls every aspect of SV it doesn't even makes sense for him to keep the value of it up and let Bitmain cash out. It'll be cheaper for him to keep the miners running but let the price crash, not much goodwill left to be lost to justify propping the price

[Hueristic]

What the fuck you talking about?  I did a quick glance at your post history, and it appears that you just discovered bitcoin recently.  You have a lot of alt coin distractions and bullshit in your history... so you  may have only recently become awaken to bitcoin, perhaps?   

Part of my point is that you can likely glance through my post history and realize that I am not an AI program.. .so your assertion seems both contrary to the posting evidence my own history, and perhaps your own inabilities to grasp certain kinds of content - hence your failure/refusal to read content and your proclamation that you are wiser because you don't read content while asserting that the content is not meaningful because you chose not to read it..  Get real, Hueristic.

Or should I say, Get a grip, Hueristic?



   

Not wise, my biggest mistake in life was not switching over 2 of the 6 systems I had crunching F@H on bitcoins launch like I had planned, and yes I've known about it since then.