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

[El duderino_]

I just watched again Back to the Future. I am now seriously thinking of building a time machine in my garage. If you wake up tommorrow and see bitcoin worth $1mil, that's because I went back and bought (mined) millions bitcoins. Don't worry, I am not going to dump all to 0  But seriously, what do you think the price will be, say in Dec. 2021? (Hint. In Dec. 2016 the price was 700, in Dec. 2017 - 20K).

2021..... Lets say it Will be alive/healthy and well, price Will follow that direction

[El duderino_]

Into the HODLdungeon for the night....
Mmmm noticed a missing goldenKIDcoiner in here
F*** it he probably closed that 80X long, shirtjes our asses 90X just after Xmass .... cashed out and sit on a stack of luxury on Some tropic island waiting for us suckers to wait +- 1-2-3-4 years for 100k coins to go to that 100K party.....
With other Words he already took the shortcut and is just waiting for us
Good night

[realr0ach]

OMG! Seems like all the gold R0ach is hodling will soon be worthless:

Breakthrough: Chinese Scientists Turn Copper Into 'Gold'

https://www.zerohedge.com/news/2018-12-23/breakthrough-chinese-scientists-turn-copper-gold

We already covered this topic.  It doesn't have any effect on silver, and I'm in silver, not gold:

1)  The main application this copper alloy or whatever you want to call it seems to be useful for is oxidation resistance

2)  Gold's main use in manufacturing seems to revolve around oxidation resistance.

3)  Silver's main use is NOT oxidation resistance because silver reacts with sulfur in the atmosphere while gold doesn't.

So, assuming creating this stuff is actually economically viable or the process is even real, it seems like it's only real effect would be copper taking some of gold's industrial use market.  Copper is already used instead of silver in most electricity transmission applications due to price, so there's really nothing that's even possible to change in that regard.  All the speciality cases that require the increased conductivity of silver over copper remain completely unchanged.

[smartcomet]

https://lists.linuxfoundation.org/pipermail/lightning-dev/2018-December/001752.html

Conclusion
==========

HTLCs allow creation of American Call Options.
The same HTLCs are used in Lightning Network to route across channels.
If using a single asset, there is no issue related to time.
Regardless of the value of bitcoin relative to any other asset, in the future, 1 BTC is 1 BTC.

However, across assets, the ability of HTLCs to create American Call Options becomes troublesome.
These can then be exploited to earn money from exercise of the option.
Further, because Lightning UX would be degraded otherwise, payment failures are free (gratis), leading to the American Call Options also being free of premium.
This means that creating such options would be riskless, allowing potential earnings upon any strong volatility of exchange rates.

This implies that a multi-asset Lightning Network may not be economically viable.
Instead, Lightning Network would strongly prefer having a single asset across the network.

[bitserve]

hey vb1001 notbad getting gmax in yer thread
mind you franky1 lol

yes, there may be a good debate...

Yeah. You posted an article about a paper/development which gmaxwell coauthored. Franky1 commented about it seemingly incorrectly and then gmaxwell himself stepped in to clarify the misunderstandings. Funny. And very interesting... but above my knowledge to debate about it personally. Will keep watching though.

[HairyMaclairy]

Some of the stuff that Franky1 is talking about is complex / can’t be fucked working through it.  But it’s pretty clear that a significant proportion of what he is saying is bullshit.  So safe to ignore the balance of what he is saying. I think best just to put him on ignore. 

[bitserve]

Some of the stuff that Franky1 is talking about is complex / can’t be fucked working through it.  But it’s pretty clear that a significant proportion of what he is saying is bullshit.  So safe to ignore the balance of what he is saying. I think best just to put him on ignore.  

From the comments of gmaxwell, one would say he is like the r0ach of the tech/development area of the forum

...
It's really a shame that people are forced to waste their time correcting you simply because you are so persistent and voluminous in your inaccuracies that you manage to confuse many people even though your posts are not very convincing.
...
You've misunderstood what we've accomplished here.
...
It exists only in the imaginary protocol that you spend your days attacking and confusing people with.
...

[HairyMaclairy]

He is bringing up a lot of Bcash talking points so it’s probbably a Bcash dev sock puppet

[bitserve]

He is bringing up a lot of Bcash talking points so it’s probbably a Bcash dev sock puppet

I stopped arguing with him when he insisted that Bitcoin Core client should temporarily degrade into an SPV until the initial sync is finished.

https://bitcointalk.org/index.php?topic=5080565.msg48490886#msg48490886

Then he came up with a GTA example  

The guy seems to be knowledgeable or at least to have spent some time studying things... but his conclusions (at least some)  seem wrong to me.

[gembitz]

OMG! Seems like all the gold R0ach is hodling will soon be worthless:

Breakthrough: Chinese Scientists Turn Copper Into 'Gold'

https://www.zerohedge.com/news/2018-12-23/breakthrough-chinese-scientists-turn-copper-gold

We already covered this topic.  It doesn't have any effect on silver, and I'm in silver, not gold:

1)  The main application this copper alloy or whatever you want to call it seems to be useful for is oxidation resistance

2)  Gold's main use in manufacturing seems to revolve around oxidation resistance.

3)  Silver's main use is NOT oxidation resistance because silver reacts with sulfur in the atmosphere while gold doesn't.

So, assuming creating this stuff is actually economically viable or the process is even real, it seems like it's only real effect would be copper taking some of gold's industrial use market.  Copper is already used instead of silver in most electricity transmission applications due to price, so there's really nothing that's even possible to change in that regard.  All the speciality cases that require the increased conductivity of silver over copper remain completely unchanged.

i'm into foil and... bitcoin    weee

[Hueristic]

Trod craefully for thou art crunchy and taste good with ketchup.

Holy shit thats fumy! I wonder if that thing is infected with that brain parasite that makes rodents suicide?

[bitserve]

Trod craefully for thou art crunchy and taste good with ketchup.

Holy shit thats fumy! I wonder if that thing is infected with that brain parasite that makes rodents suicide?

Rodents can be very aggressive when cornered. The cat has probably spent some time "playing" with him over and over, he is completely fed up and probably already thinks the only possible way to escape alive is to attack back and scare the predator. It seems perfectly normal survival behaviour to me.

[jojo69]

toxoplazmosis

[Hueristic]

OMG! Seems like all the gold R0ach is hodling will soon be worthless:

Breakthrough: Chinese Scientists Turn Copper Into 'Gold'

https://www.zerohedge.com/news/2018-12-23/breakthrough-chinese-scientists-turn-copper-gold

It probably will not effect gold as a store of value but it sure will not help it increase in value as it can be substituted in industieal applications but does not even remotely appear as gold as the clickbait headline states.

toxoplazmosis

+1 WO for you sir!

[bitserve]

toxoplazmosis

That would also be a possibility, yeah. But seeing how the cat was carrying the mice on its mouth at the beginning of the video I would say that is enough reason to try to attack back as soon as he is released and before the cat gets him again (something that probably have already happened for several times before this video clip).

Rodents are extremely intelligent, powerful and aggressive (when in life danger) creatures.

[Hueristic]

toxoplazmosis

That would also be a possibility, yeah. But seeing how the cat was carrying the mice on its mouth at the beginning of the video I would say that is enough reason to try to attack back as soon as he is released and before the cat gets him again (something that probably have already happened for several times before this video clip).

Thats alot of speculation but thats what this thread is for right?

[bitserve]

toxoplazmosis

That would also be a possibility, yeah. But seeing how the cat was carrying the mice on its mouth at the beginning of the video I would say that is enough reason to try to attack back as soon as he is released and before the cat gets him again (something that probably have already happened for several times before this video clip).

Thats alot of speculation but thats what this thread is for right?

Yeah, Bitcoin can be like a fucking rat sometimes

Now that I think about it... the honey badger is very rat alike........

[Hueristic]

https://www.reddit.com/r/Bitcoin/comments/aa3qp3/judge_over_multibillion_dollar_bitcoin_lawsuit/
csw suit to go ahead

Friggin awesome!

Judge over multi-billion dollar Bitcoin lawsuit tells Craig Wright he must stand trial because dismissing the case would be an "injustice

toxoplazmosis

That would also be a possibility, yeah. But seeing how the cat was carrying the mice on its mouth at the beginning of the video I would say that is enough reason to try to attack back as soon as he is released and before the cat gets him again (something that probably have already happened for several times before this video clip).

Thats alot of speculation but thats what this thread is for right?

Yeah, Bitcoin can be like a fucking rat sometimes

Now that I think about it... the honey badger is very rat alike........

It's certainly being a real ratten right now!

Some of the stuff that Franky1 is talking about is complex / can’t be fucked working through it.  But it’s pretty clear that a significant proportion of what he is saying is bullshit.  So safe to ignore the balance of what he is saying. I think best just to put him on ignore. 

Link to the thread?

[jojo69]

If Klein put them into an encrypted wallet, it's likely no one will spend those coins until quantum cryptography begins freeing them up.

Coins mined in the first two years of bitcoin's existence are not safe from quantum attack.

I have long said that Satoshi's bitcoin are a quantum canary. Once we see them begin moving, we will now that someone in the world has a functioning advanced quantum computer.

It's just too big a prize not to be the first thing that you do with a QC. I would even expect governments employees to try this if they had access.

If, on the other hand, we see all Satoshi coins move at once, that means someone has the private key.

Because Satoshi kept each 50 BTC distribution from his mining in a separate wallet. And even QC takes a lot of time to crack even those early wallets. Months or longer I would expect.

The other possibility is that someone with a QC could crack wallets and then not move the bitcoin, waiting to move it all later. But this is unlikely because they must fear that someone else is attempting the same thing and could beat them to the punch if they wait.

So, if we see say 5 or 10 Satoshi wallets move all at once, then that should also be considered a QC event as well. 10 wallets, randomly chosen from the Satoshi blocks, would not be a huge risk to wait to move.

The point in waiting is that the minute a Satoshi block moves, the market will react very negatively, because we can expect those coins to be freed up and reach the markets, bringing the price down.

So, whoever first has a QC and begins targeting bitcoin, they will move those coins and sell them quickly.

Then the sh!t will hit the fan.

I wonder how the devs will react then. Should we move to lock down those early coins so they cannot be stolen? Historically the devs have opted against such things.

hmmmmm

[bitserve]

Link to the thread?

https://bitcointalk.org/index.php?topic=5080565.0

It's VB1001's first thread and it is having some interesting success.