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Question: What year will we achieve a new ATH?
2019 - 36 (27.5%)
2020 - 54 (41.2%)
2021 - 31 (23.7%)
2022 - 5 (3.8%)
2023 - 1 (0.8%)
Never - 4 (3.1%)
Total Voters: 131

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21175356 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.)
bitserve
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HODL.


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February 11, 2019, 08:58:57 PM


In just five words: Pruning.

In just few words:

Nope.

You still have to download and verify the blockchain first before you prune it.

Correct me if I am wrong.



To be honest I haven't personally used pruning. I am assuming you could download an already pruned blockchain ie since the beginning till 1-1-2019 and resume from there. Not sure if core currently has that feature, but it is technically possible without much effort.
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kingcolex
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February 11, 2019, 09:02:35 PM

He is right. We've Lightning now and 300kb blocks is something more than logical!

Please tell me you are joking; it's so hard to detect sarcasm Sad

In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?

No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!


I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).

Never sacrifice security for something pitiful like "low fees".

Huh? Segwit is not going to be undone.

You have to get consensus to undo segwit, and recall segwit passed by nearly unanimous consent. 

I doubt that sentiment has changed very much, in terms of undoing segwit. 

It seems that there remains a vast majority of support for segwit that you would have to overcome if you want to undo it... a simple majority would be inadequate.. bitcoin no work like dat...
Oh no I'm agreeing with JJG, what's next?

Seriously though we need to not assume things and tack it on, this has nothing to do with Segwit. Segwit going away and 300kb blocks would be the dumbest of dumb.
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February 11, 2019, 09:22:14 PM

I’ll tell you what I’m doing for my girl for Valentine’s. I’m taking her to Manchester for a 2 night stay in a nice hotel next Tuesday & Wednesday but what she doesn’t know is.....

I have 2 tickets for the Champions League 1st leg - Liverpool vs Bayern Munich on the Tuesday Grin
She will be coming along to that, in the freezing cold Cheesy
I wonder are you guys sure that your girls are not reading here? LOL
I am just planning for a candle night dinner with my girl.

What color are those candles?
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February 11, 2019, 09:26:21 PM

[ edited out]
Oh no I'm agreeing with JJG, what's next?

Seriously though we need to not assume things and tack it on, this has nothing to do with Segwit. Segwit going away and 300kb blocks would be the dumbest of dumb.

No problem.. every once in a while, we might agree.  Wink   One thing is making proposals to change bitcoin, another thing is achieving consensus for such proposed change(s).

There seems to be increasing agreement that difficulties to change bitcoin is a feature of bitcoin and not a bug, so seems to me, contrary to some of the bitcoin naysayers, there is no one person or sub-community that is dictating the direction of bitcoin.. ...   
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February 11, 2019, 09:30:35 PM
Merited by micgoossens (1)

One of the World’s Most Popular Apps Will Implement Bitcoin Lightning Network

https://dailyhodl.com/2019/02/11/crypto-milestone-one-of-the-worlds-most-popular-apps-will-implement-bitcoin-lightning-network/

"In a new interview, Square CEO Jack Dorsey says he’s working with the team at Lightning Labs to bring the Lightning Network (LN) to Square’s Cash App. LN is a layer-2 solution designed to speed up Bitcoin transactions and address major criticisms that the number one crypto is way too slow and impractical for mainstream adoption."
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February 11, 2019, 09:33:15 PM

https://twitter.com/kerooke/status/1094958025176113154

micgoossens
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Be safe, Elwar and Nadia !!


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February 11, 2019, 09:40:13 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
micgoossens
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Be safe, Elwar and Nadia !!


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February 11, 2019, 09:41:36 PM

Billionaire ex-PM of Thailand: It’s still early. Most people haven’t yet understood blockchain. If you are willing to learn, you could be rich.

https://twitter.com/redditbtc/status/1094972210790518784?s=21
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February 11, 2019, 09:44:01 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
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February 11, 2019, 09:46:05 PM
Merited by mindrust (5)

Its good to acknowledge when you are wrong. The world is a complex place, and Ive certainly been wrong on many topics (I try to correct them afterwards).

You only make a mistake once you are afraid to correct yourself later or refuse to have an open mind towards new solutions.
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February 11, 2019, 09:48:48 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
You could be on to something there. Cheesy
How about invest into buying pure 0.999% ounce gold coins which are loaded with bitcoin? Grin
Then you could have your investment double covered against the recession.
kingcolex
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February 11, 2019, 09:54:14 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
You could be on to something there. Cheesy
How about invest into buying pure 0.999% ounce gold coins which are loaded with bitcoin? Grin
Then you could have your investment double covered against the recession.
The premiums on those were always stupid, cheaper to buy my own and engrave a private key in them.
jojo69
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no FOMO


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February 11, 2019, 10:00:02 PM
Merited by Last of the V8s (1)

government can kick the can longer than you can stay solvent

I been waiting for the debtpocolypse all my adult life...time to move on
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The 🧢 WO gang power, help the price of BTC


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February 11, 2019, 10:11:02 PM

Gonna keep the argument going a few more days to save on presents    Cool


hehe
Grin Grin
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February 11, 2019, 10:19:56 PM

Gonna keep the argument going a few more days to save on presents    Cool


hehe
Grin Grin

Make sure you f**ked her before breaking up. Grin
StartupAnalyst
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February 11, 2019, 10:24:16 PM

Gonna keep the argument going a few more days to save on presents    Cool


hehe
Grin Grin
Make sure you f**ked her before breaking up. Grin
Good idea. I should take it to the point Roll Eyes
JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 11, 2019, 10:31:25 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
You could be on to something there. Cheesy
How about invest into buying pure 0.999% ounce gold coins which are loaded with bitcoin? Grin
Then you could have your investment double covered against the recession.
The premiums on those were always stupid, cheaper to buy my own and engrave a private key in them.

You don't need to buy gold to hedge against bitcoin....... or bitcoin to hedge against gold.

You buy bitcoin in order to hedge against traditional financial investments that are based on fiat, and Bitcoin seems to be more than a sufficient hedge against traditional fiat based assets - likely a superior hedge as compared with gold because it is more portable, divisible, easy to verify and has more potential for price appreciation based on early stages of adoption... in other words likely s-curve exponential growth in the near term.. especially if you are considering a 5-10 year timeline for experiencing actual relative value returns.
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February 11, 2019, 10:45:54 PM


In just five words: Pruning.

In just few words:

Nope.

You still have to download and verify the blockchain first before you prune it.

Correct me if I am wrong.



To be honest I haven't personally used pruning. I am assuming you could download an already pruned blockchain ie since the beginning till 1-1-2019 and resume from there. Not sure if core currently has that feature, but it is technically possible without much effort.

That’s exactly how Ethereum in warp mode works. But if you’re running in warp mode, you are not a full node. You are a lite wallet.

Almost no one runs a full Ethereum node, including people who think they are running a full node but actually aren’t.
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lose: unfind ... loose: untight


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February 11, 2019, 10:50:11 PM

... and LukeJr is calling for 300kb blocks ...

He is right. We've Lightning now and 300kb blocks is something more than logical!

Funny definition of 'logical'. With 300kB blocks, it would take on the order of a half of a millennium in order to onboard the world to LN.

How long do you expect each channel to lock funds via HTLC?
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February 11, 2019, 10:53:21 PM

Dammit late evening call ..... have to do a McDo night shift, 24h stand-by almost feeling like a doctor or something
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