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Question: What year will we achieve a new ATH?
2019 - 39 (27.5%)
2020 - 57 (40.1%)
2021 - 33 (23.2%)
2022 - 7 (4.9%)
2023 - 1 (0.7%)
Never - 5 (3.5%)
Total Voters: 142

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21177221 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (24 posts by 13 users deleted.)
birr
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December 21, 2018, 03:13:44 PM

Meh.
"The average channel capacity is approximately $120."
https://medium.com/@jcliff/the-lightning-network-cf836329626b
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bitcoinPsycho
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December 21, 2018, 03:19:02 PM

Yes average not all . Don’t see the point your trying to make?
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December 21, 2018, 03:35:47 PM

Meh.
"The average channel capacity is approximately $120."
https://medium.com/@jcliff/the-lightning-network-cf836329626b

$120 is more than enough for a network specially disigned for micropayments.

Main chain will be great for medium to large transactions.

Lightning is for low, micro to sub-Satoshi payments.
mOgliE
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December 21, 2018, 03:37:44 PM


$120 is more than enough for a network specially disigned for micropayments.

Main chain will be great for medium to large transactions.

Lightning is for low, micro to sub-Satoshi payments.

I've already seen this a couple of times, how can you go sub-satoshi?  Huh
luckygenough56
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December 21, 2018, 03:37:59 PM

i fear a weekend dump
bitcoinPsycho
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December 21, 2018, 03:39:02 PM

I welcome a weekend pump
micgoossens
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December 21, 2018, 03:45:06 PM

I never know which one its gonna be Roll Eyes
bitcoinPsycho
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December 21, 2018, 03:48:21 PM

I never know which one its gonna be Roll Eyes
More than likely both
Hexah
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December 21, 2018, 03:53:34 PM

I go for both possibilities.
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December 21, 2018, 03:54:00 PM

i fear a weekend dump

weekend troll?  Wink  lol
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December 21, 2018, 03:58:29 PM

r0ach?  realr0ach?

Ah yes, Micgoossens reading the dreaded r0ach posts:



More like:

Roach reading Micgoossens's replys:


you gunna cry?
luckygenough56
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December 21, 2018, 04:02:29 PM

i'd like a pump tho
d_eddie
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December 21, 2018, 04:05:32 PM


$120 is more than enough for a network specially disigned for micropayments.

Main chain will be great for medium to large transactions.

Lightning is for low, micro to sub-Satoshi payments.

I've already seen this a couple of times, how can you go sub-satoshi?  Huh
When you close the channel and go back to the main chain, you're forced to round to whole satoshis of course, but while the funds are in the LN, accounting is in subunits (might be millisatoshis if I'm not wrong).
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December 21, 2018, 04:06:25 PM

I never know which one its gonna be Roll Eyes
More than likely both
As long as I get both, I will be happy. Order doesn't matter since I'm not gambling.
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December 21, 2018, 04:08:50 PM
Merited by JayJuanGee (1)

I think most transactions will be limited in size to the magnitude of the nominal $120 cited.  Maybe considerably less.  
Just because there are channels with $1000 in them, doesn't mean you can transact that much.  The transaction is limited by the contents of the smallest channel in the series of hops it has to go through between the parties who make that transaction.

Ideally, the network will be a mesh without big companies controlling massive hubs.  Which means that many transactions, perhaps most, will require several hops (cue six degrees of Kevin Bacon theme).  It seems likely to me that in such a case, the smallest channel may have less than the average $120.  Some channels will have more, some will have less.  The big ones don't count; it's the smallest one that determines the size of the transaction you can make.

On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users.  Is that the kind of Lightning Network we want to see?  So it's a choice.  
1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you.
2) Have a highly distributed and decentralized network with limited transaction amounts.
d_eddie
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December 21, 2018, 04:16:53 PM

On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users.  Is that the kind of Lightning Network we want to see?  So it's a choice.  
1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you.
2) Have a highly distributed and decentralized network with limited transaction amounts.

I think one use case doesn't prevent the other from happening, as long as there is good global diffusion and connectivity.
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December 21, 2018, 04:20:14 PM

Hi fellas,
what's up?   Smiley
Hard times for us recently but I hope you are all set for the crypto winter that's on us.

Speaking of LN I'd say that so long as we don't get that available for average Joes we are not going to see fireworks.
So relax and wait while the geeks test the LN for everybody else.
Remember we had that with Bitcoin, already.
A few of us started the network for everybody else. With LN it will be the same.

Price will follow Wink

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December 21, 2018, 04:29:33 PM

i fear a weekend dump

weekend troll?  Wink  lol

Look who's back? Gembitz! WEEEEEEEEEEE  Grin
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December 21, 2018, 04:34:19 PM

Good morning Bitcoinland.

Seems we've been having a nice little day of consolidation after this week's pretty decent price rise... currently $4030USD/$5462CAD (Bitcoinaverage).

Let's hope the bear is exhausted and we're ready to get back to the usual slow growth with occasional small corrections. Upward and downward bubbles are exciting and offer opportunities for traders/gamblers but investors/holders know that slow and steady wins the game.

As long as the bottoms  and tops keep getting exponentially higher (at least until the s-curve goes "vertical"), we'll continue to keep making money.

Go Bitcoin go.
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December 21, 2018, 04:54:14 PM

Answer me HONESTLY this simple question:

What has more probabilities of a 10x in the next following years Bitcoin or silver?

I've already stated that I'm worried if there will be any type of economy left to spend metals in when the Jewish, usury debt bubble implodes.  There might just be martial law or global Venezeula.  Bitcoin will definitely be completely useless.  Odds of some sort of a cyclical dark age are pretty damn high.  Civilization is overly-complex, overly-specialized, and lacking redundancy on a local level.  

When an overly-complex system collapses, it does NOT magically shift into an even more complex one like craptocurrency.  There will either be a hard landing and a dark ages, a hard landing and back to metals as money, or the typical Jim Rickards and others style claim that the system will go bust, they immediately initiate a new Bretton Woods, and right then the price of gold instantly goes from what it currently is to $10-80k with silver also at some astronomical number and life goes on.

I do not see any circumstance in which the system goes bust and bitcoin is in any way usable or has any type of value.  Metals are the Schelling point of money and what receive all the wealth transfer from, not shitcoins. There are also massive govts equipped with nuclear weapons like Russia and China who have already cast their vote and it's metals as well.  The only people attempting to push digital shitcoins are the Jewish occupied, western govts (who are being defeated left and right) with evil kikes like Larry Summers telling people to buy them (for their own good of course and definitely not some ulterior motive).
Nobody fucking uses metals to pay for anything. I throw most my coins away because they clutter up the wallet. And that's in the super rare event that I use cash at all.
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