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

[El duderino_]

Sunday wrong direction ??
Better go UP

[hisslyness]

It's very annoying the Lightning Network conmen are trying to pretend LN while bitcoin has empty blocks vs bitcoin with full blocks that are uneconomical to use would look anything remotely similar to one another.  It's a testnet and they're launching spam channels everywhere that have pocket change in each one and try to pretend each 'line' represents 'decentralization'.  In the real world, the way it's designed incentivizes you to put all your money in a single channel connected directly to a well-connected bank, so the exact opposite of how they try to trick people and portray it as.  

The testnet lines are meaningless, only incentives matter.  Empty channels that nothing flows through is not a valid measurement of anything, just a visual trick.  The real measurement of LN decentralization is basically what % of a user's net worth is all in the same channel and how few channels would actually be moving all the volume in the real world.  For example, do you think someone is going to have 20% of their net worth in a channel connected to the grocery store then 5% to the pet store, yada yada?  Hell no.  They're not going to pay money to open all these channels and then for no reason split all their money up into non-fungible pools that can't be combined to spend on larger purchases.  

How the fuck would you mobilize your cash to invest in anything if you constantly have to keep it in 100 different channels too?  It's not feasible for savers, spenders, for anyone really.  The only way it works at all in a non-clown car manner is having all your money in a single channel connected directly to a bank.  So in other words, LN is completely worthless and is identical to the current banking system.

Roach, despite distracting and less than admirable personal qualities, you get some things right.
When I first looked into Lightning Network, I was thoroughly underwhelmed.  Nothing has happened to change my mind.
LN is a kludge.

Bullshit! He doesn't have any points... it just shows how much roach really understands how LN functions.

Also these Bitcoin Banks are identical to the current banking system, does that mean one of these bitcoin bank can operate fractional reserve banking?

so fucking closed minded and blind!.. always thinking about what is here now. Mate, think 5-10 years from now, what evolution can take place with LN.

100 open channels, again shows how much you know about LN...

[Last of the V8s]

Sunday wrong direction ??
Better go UP

The bull is annoyed

everyone is pumping grin over in the shitcoins forums

[El duderino_]

^
F*** that F***ing grin shit

[Last of the V8s]

It's holding. This level seems important.
Youshallnotpass.gif

[Last of the V8s]

Mind you, there's a bit of money to be made. real sound hard money. from these shitcoins. like grin and beam and
<---- mumbles sth indistinct sounds like 'thank you fairy and the moss for pumping the wombles'

[El duderino_]

via Imgflip Meme Generator

[Globb0]

mic he's talking about fake boobies. breast enlargement
would you like me to draw you a picture lol?

Oh thank god. I thought he was suggesting they try a strap on!

[Last of the V8s]

https://twitter.com/BirdingBeijing/status/1089413255586566152
Pallas's cat fam

[El duderino_]

mic he's talking about fake boobies. breast enlargement
would you like me to draw you a picture lol?

Oh thank god. I thought he was suggesting they try a strap on!

First I put it on Google search
And ended up with usain bolt.... couldn’t make anything of it
Thought bolt yeah he’s Black, but what do I have to make of it

[LFC_Bitcoin]

^
F*** that F***ing grin shit

I’m probably going to buy £500 worth or something but only when it goes on an exchange I’m registered with, Bittrex or something.

I’m not that interested in it but the price has exploded. I don’t want to miss out if it goes big in a couple of years.

[Cryptotourist]

I'll take a safe bet that it will reach at least $500 within the next 3-5 years.
BTC run not included.
If we take this extra for granted, well...

As already said, I mine it. If I'm going to buy it, it needs to be around the $1-$3 range.
Almost bought 300 Grin the other day. But I didn't.
Of course a sub dollar price would be nice for entry. I just don't see it. Never have seen it.

[Globb0]

I found a chart, but in this case I think it needs a supply line for sanity checking.

Maybe someone did make a profit somehow now, but no guarantees.

[HairyMaclairy]

I'll take a safe bet that it will reach at least $500 within the next 3-5 years.
BTC run not included.
If we take this extra for granted, well...

As already said, I mine it. If I'm going to buy it, it needs to be around the $1-$3 range.
Almost bought 300 Grin the other day. But I didn't.
Of course a sub dollar price would be nice for entry. I just don't see it. Never have seen it.

We never got to sub $1.  It bottomed at about 0.00054 which is about $1.90.   I know cause I had buy orders at 0.00052 which were never filled....

[wachtwoord]

I'll take a safe bet that it will reach at least $500 within the next 3-5 years.
BTC run not included.
If we take this extra for granted, well...

As already said, I mine it. If I'm going to buy it, it needs to be around the $1-$3 range.
Almost bought 300 Grin the other day. But I didn't.
Of course a sub dollar price would be nice for entry. I just don't see it. Never have seen it.

The inflation is way too high so even if this end up being successful there will likely be better entry prices.

Kind of ashame the mining schedule sucks cause other than that Mimblewimble is very elegant. Maybe they will get it right on the 3rd try?

[Cryptotourist]

Indeed maybe. Maybe we should ask theymos

One more fact that I've noticed. Many Dev's on Grin ATM.

[criptix]

I'll take a safe bet that it will reach at least $500 within the next 3-5 years.
BTC run not included.
If we take this extra for granted, well...

As already said, I mine it. If I'm going to buy it, it needs to be around the $1-$3 range.
Almost bought 300 Grin the other day. But I didn't.
Of course a sub dollar price would be nice for entry. I just don't see it. Never have seen it.

The inflation is way too high so even if this end up being successful there will likely be better entry prices.

Kind of ashame the mining schedule sucks cause other than that Mimblewimble is very elegant. Maybe they will get it right on the 3rd try?

36000% nuff said

I would only mine for it now.


Btw. Really low volume @BTC

[Lauda]

I'll take a safe bet that it will reach at least $500 within the next 3-5 years.
-snip-

Keep dreaming. This is how/why we have pump/dumps. One out of every n people is going to believe that and buy into the coin without knowing a single thing about it.

Kind of ashame the mining schedule sucks cause other than that Mimblewimble is very elegant. Maybe they will get it right on the 3rd try?

Mimblewimble as a sidechain with non absurd specifications; otherwise it is pointlesss.

One more fact that I've noticed. Many Dev's on Grin ATM.
-snip-

Not really, no. Don't look at absolute numbers, look into the actual data.

[LFC_Bitcoin]

Probably a good time to point everybody in the direction of HM’s Grin WO & TA thread.
Let’s keep it out of here.

Bitcoin is the undisputed King & I don’t think we should continue to devalue the King & chat too much about shitcoin’s here.

So yeah, Grin talk this way ———-> https://bitcointalk.org/index.php?topic=5102334.0

[HairyMaclairy]

Agreed.   I may have started the Grin thread but it’s still a shitcoin for the foreseeable future.