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

[Gyrsur]

Bitcoin is Processing Fewer Payments Per Month Than It Was in 2016

https://www.longhash.com/news/bitcoin-is-processing-fewer-payments-per-month-than-it-was-in-2016

yes because of LN.

EDIT: LN is off-chain and you cannot measure numbers. within a channel payments are not visible.

Hey, Gyrsur - you seem LN conversant. Maybe you can help me with something I've been puzzling over. 1ML (https://1ml.com/statistics) publishes something they call 'Updated Channels (24h)'. Are you aware of a definition of this term?

It means that some of the channel parameters have changed over the past 24 hours. Most of the time it is the capacity that changes - for example it could increase.

So... is it a count of on-chain txs made on the behalf of LN channels?

No it is a change in parameters, width of the pipe rather than how much water flows through the pipe.

And this parameter change is accomplished without making an on-chain tx?

it seems possible w/o an on-chain tx according to the LND documentation.

Channel updates are thus fully trustless. When making an update, both parties exchange the secrets for the prior state, so that all prior states will have been revoked except for the current state. Both parties will never broadcast an old state, because they know the other party can take all their money if they do so.

EDIT: this whole Lightning thing is a very (f***ing) complicated approach. no wonder that the Big Blockers don't like it. it's not easy to understand but it seems the right direction to scale Bitcoin.

[Last of the V8s]

Well Ripple couldn't save us. It's all gone to shit. Can't even be bothered to be apathetic any more. I'm going to have a long hot bath. In gin.

[toknormal]

Man... he really is one of the top shillers.

For a good reason. If it weren't for altcoins, bitcoin would not be able to achieve the growth it does - nor sustain it. If you monitor dominance correlation with marketcap you'll see that the the buttressing of the entire crypto market feeds into bitcoin's long term growth. So it's a symbiotic relationship, not a parasitical one.

Where do you think PC's would be today if nobody had ever entered the computing sector other than IBM ? You'd still be typing machine code into a teletype terminal. If you were lucky you might have advanced to a wooden cased mouse.

Sh*coins are the bow wave of this market even though bitcoin may be the ballast. (They're also a far faster way to earn bitcoin than buying bitcoin )

[Arriemoller]

*snip*

Sig ad files above the sig?  

I hope this ain't the future... Sort of bad form, old chap? Nothing personal, just I love it that sig ads are not visible in here.

apologies! just added the sig ad for posts of the Bitcoin Big-Mac-Index which is a project I'm working on and to reach a balanced cost history there.

If I post comments and other stuff here I won't add the sig ad manually to my posts.

Don't want to be an asshole, more so when it doesn't really bothers me... but please take in mind that it could be considered some sort of rule evasion. Sigs are not visible in this thread for a reason (probably in exchange of our generous and more relaxed special posting rules, such as multiposting). Maybe you should ask theymos for permission/clarification?


P.S.: In a completely unrelated topic: HAPPY BIRTHDAY ARRI!

Thank you very much.

[vapourminer]

Fuck today I found out I managed myself out of a job. Bummer.

Still the team I established and organised will go on to great things.

Some tough irony in how much I have fought to keep that together.

No problem, I go back into the resource pool, lots of demand for this old looser.


lol

they let you go?? F*** how is that possible ....
hope you get something new and exciting right away

Yeah no worries, just my move to higher up in group comes without me    hahahaha    fs

This is a success really (ignoring the management opinion), I created and organised a team who has gone on to become great leaders and organisers in their own right.

they will continue on to be very successful. I am offered to "wrestle back control"  from them.   :/

That is in opposition to all the agile development principles I uphold and the beautiful thing we have forged together. I shall not do so! I expect them to want to grow more if anything, right?

I shall gracefully stand down and move on to work with a new group of individuals on some city or gubbermint project and what will be will be. no worries.

Thanks for the supporting comments.

its things like this that define who you are. and you have defined yourself as one of the best with this attitude.

respect.

[jojo69]

well if animated hats become a thing i will have to make an exception. naturally WO hats are of prime importance.

animated hats are a thing

[Arriemoller]

Fuck today I found out I managed myself out of a job. Bummer.

Still the team I established and organised will go on to great things.

Some tough irony in how much I have fought to keep that together.

No problem, I go back into the resource pool, lots of demand for this old looser.


lol

they let you go?? F*** how is that possible ....
hope you get something new and exciting right away

Yeah no worries, just my move to higher up in group comes without me    hahahaha    fs

This is a success really (ignoring the management opinion), I created and organised a team who has gone on to become great leaders and organisers in their own right.

they will continue on to be very successful. I am offered to "wrestle back control"  from them.   :/

That is in opposition to all the agile development principles I uphold and the beautiful thing we have forged together. I shall not do so! I expect them to want to grow more if anything, right?

I shall gracefully stand down and move on to work with a new group of individuals on some city or gubbermint project and what will be will be. no worries.

Thanks for the supporting comments.

Takes a big man. Or a big woman. Good on ya.

Thank you

I was going to write something supportive, but I'm too sick to write and think, but the meds are nice. Go Globb0 maybe?

[vapourminer]

well if animated hats become a thing i will have to make an exception. naturally WO hats are of prime importance.

animated hats are a thing

yeah i forgot that cool hat with the moving eyeball.

rats. back to the drawing board.

guess ill set them to play once for now as a stopgap.

[Gyrsur]

well if animated hats become a thing i will have to make an exception. naturally WO hats are of prime importance.

animated hats are a thing

yeah i forgot that cool hat with the moving eyeball.

rats. back to the drawing board.

guess ill set them to play once for now as a stopgap.

do not delete and resubmit your post, dude. I want to have the last word in the Irish Pub.

[Arriemoller]

O fuck, my whole body is hurting, was gonna write akes, but I don't know how to spell that. Except for my left leg, go figure.
 I'm going back to bed,hope it's gone by tomorrow or I'll have to go to the rheuma department of the hospital, or what ever it's called. Nighty night.

[Arriemoller]

I'm apparently not supposed to operate heavy machinery, sorry, back to bed.

[Last of the V8s]

Gin came from the Low Countries before the English stole it and buggered it up.
'Irish' pubs are as much consumerist bullshit as are Big Macs.

Belated Happy Birthday, Arrie. Get better soon.

[Hueristic]

Well. You can say what you like about the Germans.

Every time I work on my Beemer I say "Fuck German Engineering!" and then I re-engineer it American and it doesn't break again.

@micgoossens, Your correct, Alita was a good flick.

[jojo69]

O fuck, my whole body is hurting, was gonna write akes, but I don't know how to spell that. Except for my left leg, go figure.
 I'm going back to bed,hope it's gone by tomorrow or I'll have to go to the rheuma department of the hospital, or what ever it's called. Nighty night.

aches

and take care of yourself Arrie

[vapourminer]

well if animated hats become a thing i will have to make an exception. naturally WO hats are of prime importance.

animated hats are a thing

yeah i forgot that cool hat with the moving eyeball.

rats. back to the drawing board.

guess ill set them to play once for now as a stopgap.

do not delete and resubmit your post, dude. I want to have the last word in the Irish Pub.

sorry the reply timed out the 1st time i hit "post" so i added a bit and posted again only to find the 1st did go through.

messes with my head when that happens.

[Hueristic]

Well. You can say what you like about the Germans.

They like beer?

They are great to party with!

Well. You can say what you like about the Germans.

They show up to meetings on time

Don't Mention the War!

Thats great, too bad I've pissed away all my merits for the moment.

[kavabanga07]

All like in books to discover on btcusd.


Looks like we've completed wave 1 of the impulse structure. Now we're in a correction phase. We've almost tested 61.8%. And that almost doesnot allow me to buy it yet again. Waiting for clearer signals!

[Hueristic]

I thought those casino avatars etc were the sig things....
What are those sig things ??

For sure i Will not lose my HAT?s for anything

the crap on the left is his avatar
the crap on the bottom is his sig
they don't show up in this thread
but in others eg https://bitcointalk.org/index.php?topic=5114488.0
you are not losing your hat
 

I have never wore a sig.... But I understand people that do... more so if they are actual useful contributors and not just sig spammers. I might even consider it in the future if needed the money or whatever.

That being said, this thread is sig free. Win-Win.

It is one way to earn honestly if you choose wisely.

Those that don't research the campaign and support scams (after they get found out) should get banned or lose the privilege.

This is the first one I have ever done and I am quite pleased with it, it took me months to find.

[El duderino_]

Fuck today I found out I managed myself out of a job. Bummer.

Still the team I established and organised will go on to great things.

Some tough irony in how much I have fought to keep that together.

No problem, I go back into the resource pool, lots of demand for this old looser.


lol

they let you go?? F*** how is that possible ....
hope you get something new and exciting right away

Yeah no worries, just my move to higher up in group comes without me    hahahaha    fs

This is a success really (ignoring the management opinion), I created and organised a team who has gone on to become great leaders and organisers in their own right.

they will continue on to be very successful. I am offered to "wrestle back control"  from them.   :/

That is in opposition to all the agile development principles I uphold and the beautiful thing we have forged together. I shall not do so! I expect them to want to grow more if anything, right?

I shall gracefully stand down and move on to work with a new group of individuals on some city or gubbermint project and what will be will be. no worries.

Thanks for the supporting comments.

Just a WO-thing

One for all, all for one !!

Always supportive in here, soon there Will be people happy of enjoying your services

[HI-TEC99]

enjoy my avatar, fuckers.

i had avatars disabled too as i hated the animated ones. i like static pages, moving stuff is distracting. but now i just have animated gifs set to not play in firefox and leave the avatars on so they display as static images only.. mainly so i dont miss the hats

You know I am working on modifying my hat so its a bit animated.... Better enable avatars when I am done!

There's no point animating your hat, theymos just blocked all new animated avatars.

Animated avatars aren't supposed to be allowed, but I never got around to adding detection for the APNG ones. I'll look into it.

OK, APNGs are now detected. Old ones are grandfathered for now, in part because people have ongoing campaigns, but in the future I might (or might not) go through and remove them.