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

[cryptjh]

Say hello to bitcoin wallet number 35 million!
The last 2 days 120.000 new bitcoins wallets, have been added to the bitcoin blockchain!

https://www.blockchain.com/ja/charts/my-wallet-n-users?timespan=all

[1713311031]

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[1713311031]

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[1713311031]

1713311031

[sirsplashalot]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant.  Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t. 

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

[fillippone]

via Imgflip Meme Generator

For reference, Bitcoin Cash vs Bitcoin. 🔥


via Imgflip Meme Generator

https://twitter.com/jacobcanfield/status/1114928230635659264?s=21

Transaction spike is probably due only to Veriblock spamming bitcoin blocks with their OP_Return transactions.
This is even suggested on the commment to the original tweet you posted.
I said something about that in my monthly analysis, but basically they are doing transactions on BTC blockchain, effectively using space on BTC blocks, and using their own protocol (Proof-of-Proof) trying to secure other weak blockchains (say a random shitcoin with low hashing power) using Bitcoin's Proof-of-Work blockchain and its massive security to protect them against 51% attacks. As they put transactions from other blockchains on the Bitcoin network, that takes space in a Bitcoin block, some estimates say up to 25%, crowding out legit BTC transactions and pushing fees higher.

This is only a quick and dirty explaination, more at www.veriblock.com.

Edit: now I really regret getting so excited about this spike a couple of days ago...

[Arriemoller]

Since I'm the only one here, Ill just sign out and take a nap, see you in the evening.
[/quote

And I'm back, that was a hell of a nap, but I do fell well rested.

[Arriemoller]

How much would it cost to move such amount of money with traditional banking system?

Where I live - $0.

I don't understand why this particular meme gives people erections.

Where I live as well.

[katrinmi]

I've been seeing the market for the last 24 hours like this one

[HairyMaclairy]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant. Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t.  

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

1.  Miners don’t vote.

2.  If miners don’t like it, they can piss off. There’s plenty of other miners out there that would appreciate a slight hash rate drop.

[Arriemoller]

New discovery today, you peeps ever try or hear of lolli?
They give free bitcoin rewards for money I'd have spent anyway by completing purchases through their affiliate links.
They look new but fairly well represented. Today I got 3.5% back for a purchase at booking.com, ya its legit.
I thought this would be interesting to the satoshi stackers out there.  I think this is so cool and another example of innovative steps forward towards adoption.

Using this link to register will reward my account https://lolli.com/ref/JhHPRKUMNM

Ok, so I signed up, where and when do I give them my BTC address?

You must collect $15 worth of BTC before you can transfer to your address. It'll accumulate in their custody until then. Your Hodl will be here www.lolli.com/account
And this should answer most any other questions you might have. https://www.lolli.com/about#FAQ

Thanks. They don't seem to be associated with the kind of stores I usually shop from, but why not give it a try.

[Toxic2040]

0420 wall report at 0428

bitcoin is looking to extend gainz with a higher high on the daily chart and a possible above the cloud closing bell on the 3day chart. Support levels continue building at the $5kish area as auxiliary units are brought up from the fob at $4.77k  Further support is needed in the $5.25k range if we are to have any chance of reaching the escarpment at $5.5k and the plateau that lies beyond. #dyor

#stronghands

[JayJuanGee]

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.

Bitcoin No doesn't need no disambiguating.    

[JayJuanGee]

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

No.

I liked having the whole day, just for meeeeee.

Fuck Jbreher.  He should have to get his own day.  That fucker (see the variety in my vocabulary?).

[Icygreen]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant.  Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t. 

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

The only vote miners get is upon which community vetted BIP they want to support.

[HairyMaclairy]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant. Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t.  

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

The only vote miners get is upon which community vetted BIP they want to support.

We all learnt from UASF that miner flags don’t mean shit.  If the community decides to soft fork, it will do so. 

[JayJuanGee]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant.  Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t. 

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

They choose how to direct their hashpower... that is b called correct.  If you are trying to suggest that they have more power than they do, then that is an empirical question that you dumbass bcashers would like to assume that they are in charge of the direction of bitcoin, which does not seem to be the reality in bitcoin.

[Toxic2040]

closing bell snapshots
1h

D

#btds

[Lambie Slayer]

Is Fiat dead?

[jbreher]

@jbreher So what is likely to happen if BCH-ABC or SV wants to implement another improvement of the protocol that a significant portion disagree with? Are groups of miners going to square off on two or more camps

To the extent that each side is entrenched in their way forward, this would seem likely. Just as would be the case for a schism within the Bitcoin Core camp.

and cause more forks,

Perhaps. If one side defaults on the approach satoshi suggested -- colloquially known as a hash battle -- than a fork would seem inevitable. Again, just as would be the case for a schism within the Bitcoin Core camp.

each fork being less secure since each have less hash rate?

If neither side capitulates, yes. Again, just as would be the case for a schism within the Bitcoin Core camp. Of course, with a fairly pervasive narrative within Core of 'miners are evil', BTC may find other ways to lose hash security.

But a schism for BTC is less likely ...

A schism for BTC is the exact thing that birthed Bitcoin Cash.

[Millionero]

Is Fiat dead?

If fiat was dead, we wouldn't have twenty thousand pages discussing the fiat exchange rate

[HairyMaclairy]

A schism for BTC is the exact thing that birthed Bitcoin Cash.

Yes and they all went away to make their own Bitcoin Cash forums and never bothered the Bitcoiners again and everyone lived happily ever after.

[sirsplashalot]

I see you guys have gone with the alternative facts:

‘The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.’