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

[nutildah]

... jbreher ... come back to team bitcoin.  

'Come back'? I've been here the whole time.

My bullshit detector is going off the charts. You're the guy who used to refer to bitcoin as "segwit coin" remember? I do.

What of it? I stand by the statement. Do you find the disambiguation as 'SegWit Coin' perjorative? Are you embarrassed by SegWit? I maintain that the term 'SegWit Coin' is a useful disambiguation which makes it quite clear that one is referring to the BTC fork of Bitcoin. Though, admittedly, some (quite a few, actually) silly insecure ninnies got their panties in a bunch over my use of the term. To appease such snowflakes, I have more recently been using the term 'Bitcoin Core', which still provides the same disambiguation, while reducing the incidence of [~triggering intensifies~].

Happy?

Jesus Ver Christ. You just doubled down on your own nonsense. Obviously I'm not embarrassed about SegWit because I don't feel the need to deride bitcoin by calling it 'segwit coin'. I've used segwit dozens of times and never once had a problem. The fear of segwit is unfounded, as are most fears guided by ignorance. BTW only bcash shills call bitcoin "Bitcoin Core." This has long been established. Hence my exasperation.

I'm sure your busy rebutting my last comment directed at you but I won't be responding to it.

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[JimboToronto]

PPPPPPfffffffffffffffff



Wtf up with this Bcash?  

I know!

You’d think there wasn’t a nice place here already to chat about shitcoin’s -

https://bitcointalk.org/index.php?board=67.0

Cool. I hadn't checked out the altcoin section in a long time. It's hilarious.

It's all Crypto this and Cryptocurrency that without any mention of real Bitcoin.

I think it's great. They keep all their talk about Dogecoin, Rogercoin, Vitalikcoin, Kanyecoin, etc. over there and don't pollute our WO with that crap.

Think of it as the retard class at school. This (WO) is like the accelerated class for the precocious.

Let them keep all their altcoin discussions over there and we won't confuse them by posting Bitcoin stuff there.

Bitcoin is Bitcoin and altcoin is altcoin and never the twain shall meet.

[jbreher]

Wtf up with this Bcash?  

I know!

You’d think there wasn’t a nice place here already to chat about shitcoin’s -

https://bitcointalk.org/index.php?board=67.0

Do you really want to make me repeat myself?: https://bitcointalk.org/index.php?topic=178336.msg50506540#msg50506540

In what way is discussing the limitations inherent in the condition of persistently full blocks relevant to Bitcoin Cash? It ain't. Neither BCH nor SV have any concern about the negative effects of persistently full blocks.

Nay, it is BTC that need to contend with such a condition. These are BTC posts.

edit: patched quoting

[JayJuanGee]

... jbreher ... come back to team bitcoin.   

'Come back'? I've been here the whole time.

To the extent that you might be genuine, here, it's a matter of perspective, j-"care"-breher, which seems to differ between you and me on this point.   

[JayJuanGee]

Slow and steady? Unless I have it backwarss, someone just dumped 10 mil tether and I'm expecting it to go into btc.

The short answer is, yes.  Get your "butt" into btc.  You fuck.  


Go bitcoin go.

Bitcoin is whatever the largest amount of network power says it is. Your side lost, yogi.

I'd say it's more real marketcap, that shows who the majority believe is worth more and the "real" Bitcoin"

Well there are a lot of ways to look at BTC, and perhaps Ibian is getting at the seven network effects (as outlined by Trace Mayer, and generally understood by many bitcoiners who short-handedly mention "network" ideas... although perhaps, Ibian, here seems to be referring to computing power which is also only part of the power of network effects.

Anywhooooo part of my point here is that market cap is only on aspect of the total picture that involves other aspects, even if market cap might appear to be down relative to fake shit that is out there trying to temporarily deceive the masses.

[jbreher]

What would you have me do? For the eleventy-bajillion-and-oneth time, a large number of so-called 'nodes' provide no value to the network as a whole. Of course, I'll probably continue to run a full-validating, non-mining wallet client or three for myself, as I like to be able to create txs that need no intermediaries.

For the twelth bajillionth time, a large number of nodes help speedier propagation of transaction information through the network. They ensure robust communication of blockchain information --- why can't you get this??

Because your assertion is absolutely false. Miners are almost universally-connected. The only study that I am aware of that ever looked into the matter showed that something like 98% of all hash power is connected at a distance of 1.2 hops (actual numbers may be misquoted by an insignificant amount - I'm working from memory here). This is the 'the network' to which you refer. The so-called 'full nodes' are but barnacles hanging off Bitcoin's network. I can get my tx to one of these universally-connected miners on the first hop. If you are unable to do so, that's on you.

All that your so-called (improperly, I might add) 'nodes' can add to this is to follow along gossipping to each other long after essentially all the miners have your tx.

What will you do when groups spam your small blocks, leading to the txs you desire unable to get included in the chain in under weeks, and even then at a cost of $thousands?

Its already happening periodically, for over a year it would seem; starting around November 2017.

https://cointelegraph.com/news/analyst-suspicious-bitcoin-mempool-activity-transaction-fees-spike-to-16

I've personally watched people sending bitcoin to themselves with incredibly high fees during intermittent bursts for seemingly no reason other than to increase the average transaction fee.

Absolutely. A latent attack vector that exists as long as there is a centrally-planned production quota upon block space. An attack vector that can be exploited by competing cryptocurrencies or by nation-states with equal effect.

[fillippone]

Electrum Faces Another Fake Wallet Attack, Users Reported to Lose Millions of Dollars

Bitcoin (BTC) wallet service Electrum is facing an ongoing Denial-of-Service (DoS) attack on its servers, the company reported on Twitter on April 7.
According to tech news website The Next Web, the new attack has caused users to lose estimatedly millions of dollars to date, with a single person alone reportedly losing about $140,000.

The ongoing DoS attack was allegedly launched by a malicious botnet of more than 140,000 machines, and aims to steal users’ Bitcoin by referring them to fake versions of Electrum software. Citing an unnamed security researcher, the article says that the recent DoS attack is deployed on a new level and was launched about a week ago.

https://cointelegraph.com/news/electrum-faces-another-fake-wallet-attack-users-reported-to-lose-millions-of-dollars

This is why you need to run your own node + electrs.
Only way to be a first class bitcoiners: don’t trust verify.
Monetary sovereignty comes at a little cost

[jbreher]

You're the guy who used to refer to bitcoin as "segwit coin" remember?

What of it? I stand by the statement. Do you find the disambiguation as 'SegWit Coin' perjorative? Are you embarrassed by SegWit? I maintain that the term 'SegWit Coin' is a useful disambiguation which makes it quite clear that one is referring to the BTC fork of Bitcoin. Though, admittedly, some (quite a few, actually) silly insecure ninnies got their panties in a bunch over my use of the term. To appease such snowflakes, I have more recently been using the term 'Bitcoin Core', which still provides the same disambiguation, while reducing the incidence of [~triggering intensifies~].

Obviously I'm not embarrassed about SegWit because I don't feel the need to deride bitcoin by calling it 'segwit coin'.

If you're 'just fine with SegWit', then why does my referring to BTC as 'SegWit Coin' make you so upset?

As I clearly stated, I was not doing it to deride, but rather to disambiguate. But I guess you missed that in your rush to outrage.

[Ibian]

Bitcoin is whatever the largest amount of network power says it is.

At least this position is supportable by reasoning - from one of several possible logical sets of axioms.

Your side lost, yogi.

'Lost' implies finality. Yet this game is open-ended.

Describe the scenario that would allow any of the other current "brands" of bitcoin to take over dominance without destroying global faith in the market.

[jbreher]

Describe the scenario that would allow any of the other current "brands" of bitcoin to take over dominance without destroying global faith in the market.

Blocks become persistently full. LN not ready for mass adoption. Bitcoin in its BTC form sheds economic support for use case after use case, until the point where the only use case supported is banks making international SWIFT-like settlements.

In the face of this, it becomes evident to the world at large that satoshi was right and Blockstream was wrong. In case you have forgotten, The SegWit Omnibus Changeset was also a change to to protocol. You don't get to claim that this was not a change.

[bitebits]

I love you guys, but can we please introduce a STFU Thursday for both JJG and jbreher. Thanks.

[jbreher]

Describe the scenario that would allow any of the other current "brands" of bitcoin to take over dominance without destroying global faith in the market.

Blocks become persistently full. LN not ready for mass adoption. Bitcoin in its BTC form sheds economic support for use case after use case, until the point where the only use case supported is banks making international SWIFT-like settlements.

In the face of this, it becomes evident to the world at large that satoshi was right and Blockstream was wrong. In case you have forgotten, The SegWit Omnibus Changeset was also a change to to protocol. You don't get to claim that this was not a change.

Oh are you claiming Craig is Satoshi?

Again? We've been over this. Several times. No, I am not claiming such.

Relevance? None that I can see.

Now, would you like to talk about the scenario I have been challenged to outline, or are you just going to throw more irrelevant shit?

[JayJuanGee]

Blah blah blah larger block blah blah

You have bcash and bsv with larger blocks, go there you have options. What part of we don't want larger blocks is so hard to comprehend

Yeah, I get it. But some here seem utterly oblivious to the consequences thereof.

No need to save us bro.  Go save someone else.

It isn't saving us when he knows who he partners with, the scoundrels looking to manipulate and lie to force their profit.

I don't partner with anyone. Well, except my spouse.

Roger does it through pretending Bcash is Bitcoin, Jihan floated the price with the force use of it for hardware, Craig lies about being Satoshi and having those follow his "vision". It's all bullshit of these scumbags trying to force a profit and have some sort of power and fame.

You know what amuses me no end? People in the Bitcoin Cash space talk about the technical and economic attributes of Bitcoin Cash (and that of Bitcoin Core), while people in the Bitcoin Core space almost invariably speak about Bitcoin Cash in terms of Craig, Roger, and Jihan.

What are all these names you are spouting out, j-"care"-breher?  

There is bitcoin, and there are bcash variants.  You seem to be renaming things, including attempting to rename bitcoin.. what the fuck?   I know that it is not the first time that you have attempted to rename bitcoin things.  It seems to be part of your MO.

Let's try to at least keep matters straight, and remember you are in a bitcoin thread?  so when you talk about bitcoin, you don't need to attach any prefixes or suffixes in order to clarify what you are talking about, but if you refer to bcash variants, then using the word bitcoin within them is confusing in the best case scenarios and misleading for others who might not know what the fuck you are talking about.  

Remember there is only one bitcoin, and the various forks of bcash don't become bitcoin or a variant of bitcoin merely because they forked or they have some kind of root in bitcoin and are attempting to market themselves as such.  

Get real.      

[Toxic2040]

noon wall report
brought to you today by GAINZ Prophylactic Corptm The company you loved to be screwed by.

A new higher high sees bitcoins price inching upwards towards a significant resistance zone. Weakening asks and rising bid levels correlate into another probable retest of this area in the $5.4k to $5.5k range. Make no bones about it gentlemen..the next 48 hours are critical. #dyor



6h

#stronghands

[JayJuanGee]

Bitcoin is whatever the largest amount of network power says it is. Your side lost, yogi.

I'd say it's more real marketcap, that shows who the majority believe is worth more and the "real" Bitcoin"

But what constitutes bitcoin, the project was released with one document, that has been completely disregarded and you call that Bitcoin based on a trading markets completely irrelevant to the project itself?

Oh my, are you serious!!!!!

You don't know what bitcoin is, sirsplashalot?  

You might be beyond repair....   You are trying to participate in a bitcoin thread, but you do not know what bitcoin is, yet?

Perhaps this thread needs at least a basic entry level questionnaire in order that peeps understand at least the existentialist part of bitcoin, which seems to be clearly resolved already... and gone over and over and over...

Go study a bit, sirsplashalot,** and then come back here with better and more thought out question(s).

** Hint:  you are not going to become more informed about "what is bitcoin" by participating in r/btc, getting your information from bitcoin.com or other bcash pumping information sources.. Many of those "information" sources are loosely connected to reality, at best.   On the other hand, if you are able to understand what you read (which seems a bit questionable at this point), you might be able to just follow this thread for a while or go back and read this thread more before you post any further nonsense?  Perhaps?

[Ibian]

Describe the scenario that would allow any of the other current "brands" of bitcoin to take over dominance without destroying global faith in the market.

Blocks become persistently full. LN not ready for mass adoption. Bitcoin in its BTC form sheds economic support for use case after use case, until the point where the only use case supported is banks making international SWIFT-like settlements.

In the face of this, it becomes evident to the world at large that satoshi was right and Blockstream was wrong. In case you have forgotten, The SegWit Omnibus Changeset was also a change to to protocol. You don't get to claim that this was not a change.

That would destroy all faith in the system. You didn't even mention how any of the other brands would improve the situation. So your only scenario is a complete collapse of blockchain technology as we know it?

[jbreher]

Describe the scenario that would allow any of the other current "brands" of bitcoin to take over dominance without destroying global faith in the market.

Blocks become persistently full. LN not ready for mass adoption. Bitcoin in its BTC form sheds economic support for use case after use case, until the point where the only use case supported is banks making international SWIFT-like settlements.

In the face of this, it becomes evident to the world at large that satoshi was right and Blockstream was wrong. In case you have forgotten, The SegWit Omnibus Changeset was also a change to to protocol. You don't get to claim that this was not a change.

That would destroy all faith in the system.

Conclusion requiring support of facts not yet entered into evidence. IOW, 'Sez you'.

It ... may. Unlikely. More likely, it would destroy all faith in the Core-ian vision. Of course, seeing as SV and BCH both hew more closely to the original definition of Bitcoin than does BTC (especially SV), this provides a reasonably sound counter-narrative against 'Oh noes! Core is broken, so all Bitcoin was inherently doomed from the start'. Nay, such a situation would vindicate the large block position. The position that did not throw the baby out of the pram. The position that carried satoshi's experiment into the future without fuckitating it.

You didn't even mention how any of the other brands would improve the situation.

I described it over and over (and over, and...) BTC is the only Bitcoin fork that exhibits this flaw of a centrally-planned production quota capping persistent block size, let alone one set deliberately below any rational demand for tx capacity.

So your only scenario is a complete collapse of blockchain technology as we know it?

In order to make this assertion, you're either not reading what I am clearly articulating, or you are not thinking about those writings. (Or you are stupid, or dishonest - but that can't be the case, can it?)

[jbreher]

Well I'm more about that irrelevant shit

So I am coming to know.

Now these developers must believe he is Satoshi right?

I imagine some do, others do not. In fact, I am quite certain of that.

If not then why would they follow his ideas and paths on Bitcoin while all under the title of Satoshi's Vision?

Why do you assert they are following CSW's ideas and paths? One does not need to believe CSW is satoshi in order to believe that the original design of the Bitcoin protocol was correct. Working to maximize SW that interacts through that protocol is fully orthogonal to any belief of CSW-satoshi equivalence.

Now, would you like to talk about the scenario I have been challenged to outline -- upon which you have waded in with non-sequitur -- or are you just going to throw even more irrelevant shit?

[VB1001]

https://twitter.com/ChartsBtc/status/1100807812140023809


https://twitter.com/ChartsBtc/status/1100807812140023809

Max Supply 21.000.000 BTC

Circulating Supply 17.634.825 BTC

Losses +/- 4.000.000 BTC
(Lost wallets, thefts, dead people, hard drives ....)

BTCuy or you stay without.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

Satoshi Nakamoto

[El duderino_]

mmmm paid shill's @ WO,

price in bearmarket/sharp downtrend = r0ach and same people posting @every page, claiming BTC = useless and has no value and only PM are the real thing etc...... not hearing him about the matter @ these times    

price in UP trend = r0ach, but then people as Jbreher comes a life trying to speak out @ every page that Bcash, ver, CSW are the real thing, Jbreher and other Bcash shill's will also be silenced about their matter as well.    


WO just know there is only ONE BTC.....