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

[xhomerx10]

It's organic manipulation.

gluten free

non-Monsanto and free-range

[d_eddie]

However hard I work to catch up, I'm always stuck at ~70 pages behind.

[Hueristic]

^That's a pretty sweet hack.  Any idea where I could find a bucket large enough to submerge my car?

Apparently you can roll it in a makeshift pool.

or

http://www.forwardlook.net/forums/forums/thread-view.asp?tid=31027&start=51

^^ scroll down, can't link the pics directly

[jojo69]

However hard I work to catch up, I'm always stuck at ~70 pages behind.

I can't speak for the whole council, but I'm OK with giving eddie credit for effort expended and letting him skim 50 pages.

[Hueristic]

However hard I work to catch up, I'm always stuck at ~70 pages behind.

I can't speak for the whole council, but I'm OK with giving eddie credit for effort expended and letting him skim 50 pages.

I vote 55, he's pretty cool.

We need a poll.

[BlindMayorBitcorn]

Off topic, but...

Word around the campfire has it that Rosewater appears to be suffering from protracted post acute benzodiazepine withdrawal. It's all quite heady and complicated. Lots of ins. Lots of outs. Akathisia, some hallucinations. GABA receptor down-regulation. This on top of tardive dysphoria and that wheat thing, to the best of my knowledge. At any rate, doctors orders. The line between iatrogenic physical dependence and full blown pill sick smack-houndery is a bit unclear. Sometimes you eat the bear, sometimes the bear eats you.


Now where's my hat?

[d_eddie]

we talking BTC nodes here or lightning?

I was just trying to get a count of WO members who ran their own nodes, with or without Lightning.

A bitcoin node and a lightning node (no channels open).

[infofront]

The prophecy has been fulfilled.

Nostradamus - Century V, Quatrain 70:

No longer will the great mayor be in his false sleep,
Uneasiness will come to replace tranquillity:
A phalanx of gold, azure and vermilion arrayed
To subjugate the WO and gnaw it to the bone

Off topic, but...

Word around the campfire has it that Rosewater appears to be suffering from protracted post acute benzodiazepine withdrawal. It's all quite heady and complicated. Lots of ins. Lots of outs. Akathisia, some hallucinations. GABA receptor down-regulation. This on top of tardive dysphoria and that wheat thing, to the best of my knowledge. At any rate, doctors orders. The line between iatrogenic physical dependence and full blown pill sick smack-houndery is a bit unclear. Sometimes you eat the bear, sometimes the bear eats you.


Now where's my hat?

Please try to stay on topic. We're here to talk about Nazis, seasteads, Grin, Bob's sex life, Vegeta, and rockets.

[Toxic2040]

However hard I work to catch up, I'm always stuck at ~70 pages behind.

I can't speak for the whole council, but I'm OK with giving eddie credit for effort expended and letting him skim 50 pages.

I vote 55, he's pretty cool.

We need a poll.

FT...let the record show that the motion shall be declared as passed after recording a properly filed declaration by council member jojo69 and seconded by council member Hueristic.  50 to 55 page credit issued without predudice. Next!

----------

HOLD THE PRESS!

This just in folks..rumors of a surprise return of the Mayor has town out in mass. I will see if he is available for a interview.  In a completely unrelated topic..reports of intermittent crying and several loud Hallelujah's was said to have been heard near the blast doors of the Observer control room. We cant substantiate these completely unfounded rumors at this time...but stay tuned.   

Off topic, but...

Word around the campfire has it that Rosewater appears to be suffering from protracted post acute benzodiazepine withdrawal. It's all quite heady and complicated. Lots of ins. Lots of outs. Akathisia, some hallucinations. GABA receptor down-regulation. This on top of tardive dysphoria and that wheat thing, to the best of my knowledge. At any rate, doctors orders. The line between iatrogenic physical dependence and full blown pill sick smack-houndery is a bit unclear. Sometimes you eat the bear, sometimes the bear eats you.


Now where's my hat?

That is all.

[RayX12]

What does BTC and energizer bunny have in common?



STILL GOING!!!

[jbreher]

Off topic, but...

Word around the campfire has it that Rosewater appears to be suffering from protracted post acute benzodiazepine withdrawal. It's all quite heady and complicated. Lots of ins. Lots of outs. Akathisia, some hallucinations. GABA receptor down-regulation. This on top of tardive dysphoria and that wheat thing, to the best of my knowledge. At any rate, doctors orders. The line between iatrogenic physical dependence and full blown pill sick smack-houndery is a bit unclear. Sometimes you eat the bear, sometimes the bear eats you.

'tis a fine line to thread, indeed.

Now where's my hat?

Dunno. Where's all the pants?

[d_eddie]

Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

And, get the fuck out of here with your exaggeration that there is no plan in BTC..

OK, JJG. Tell me what the plan is to deal with the fact that once blocks are persistently full, then average fees rise uncontrollably, average wait times raise uncontrollably, LN channel openings and closings get economically prohibitive, and number of new entrants gets hard-capped.

What is the plan, JJG - what is the plan?

The blocksize will be increased when necessary. Double the size, double the transactions. Not yet, though. The possible benefits are still outweighed by the risk of spam, which we all have seen. We haven't seen persistently full blocks eyt, though. So that's why it hasn't happened yet.

Besides, daily use of LN for a vast majority of transactions might make it less necessary to open and close channels frequently. And bulk channel openings have been in development for a while already. Some are well past the proof of concept stage (alpha,beta, testnet? I'm not up to date on that ATM).

Schnorr sigs are coming. They improve on-chain privacy, save block space, and they will make coinjoin-like transactions easier - including aggregation of LN channel open/close operations.

All this might not amount to a detailed plan, but it does look like a friggin' good approximation in my opinion.

[HairyMaclairy]

Now where's my hat?

You can’t just waltz in here and demand a hat.

First you have to write a haiku.

[nanobtc]

Will trade, hats for pants. Contact XhomerX10

[BTCMILLIONAIRE]

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.

And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?

For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.

I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.

[infofront]

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.

And you feel that you grasp full consequences of bcash and bsv and their unlimited blocks ...?

For the most part, yes. I certainly feel I have a greater than average grasp of such consequences -- upon both Bitcoin Cash and Bitcoin Core -- than does the average Bitcoiner -- in any of the Bitcoin camps. For evidence of such, I need only look at the near-universally asinine replies issued as 'rebuttals' to the points I make.

I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

Also, the market cap argument some people brought up doesn't follow. Popularity does not imply superiority by technical standards.

The market picks the winners. The market doesn't always care about "superior technology".

[HairyMaclairy]

Popularity does not imply superiority by technical standards.

1.  Agreed.  Popularity does not imply superior technology.  

2.  Conversely, superior technology does not imply popularity.  Superior technology loses all the time, especially when going up against a competitor with entrenched network effects. Inferior protocols win. All. The. Time.

3.  If you are trying to build a global competitor to fiat, popularity and network effects are incredibly important.  

It is unquestionable that Bitcoin has stronger network effects than Bcash, by orders of magnitude.  

Further Bcash technology (BCH and SV) is inferior, because its security model is weak.  Its security model is weak for a number of reasons, all of which come back to a lack of effective decentralization. Without an effective security model, it is not an attractive store of value.  If you are not an effective store of value, you cannot gain network effects. 

If you have inferior network effect and inferior technology, then you have a snowballs chance. In the unlikely event that 8MB blocks became essential for survival, community consensus would rapidly coalesce around 8MB blocks, there would be a hard fork and BCH and SV would remain stranded assets. But the reality is that 8MB are completely unnecessary and would make BTC weaker, not stronger. Accordingly no such consensus exists.


 I am far more worried about a disruptive innnovation which does away with the need for a blockchain (such as Grin) than I am worried about a Bitcoin carbon copy with a couple of parameter tweaks.  

[Biodom]

I am far more worried about a disruptive innnovation which does away with the need for a blockchain (such as Grin) than I am worried about a Bitcoin carbon copy with a couple of parameter tweaks.  

Grin does have a blockchain, albeit a strange one.
You were probably thinking about Hashgraph.

[HairyMaclairy]

I thought it only maintained state after a short period and dumped the rest of the chain?  

In any event, I do fear a cryptocurrency that is both secure and only maintains state.  Whether or not Grin meets that requirement is not particularly important.

Hashgraph is 10x worse because it requires 10x storage.

[Paashaas]

I haven't seen a single decent response to jbreher so far, so there's some merit to this claim.

People here already explained it many times it's kinda useless to discuss it with him.

He likes copy/pasting spamming the WO with his nonsence instead he should discussion it at development & technical board ore Github but of course he aint doing that because his ars will be raped.