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

[rebal15]

I scammed a lot of people. First, I sold them a software that is good for nothing. Then I sold them the dream of became rich by telling them BTC is gooing to "100k if not I will eat ...." but I have not told them BTC will go to 6k sell some to buy more.
Who am I?

[1713492109]

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[jbreher]

Bullshit. You can't just point at the entire corpus of material written about LN, and tell me that these concise targeted assertions are disproven therein. Grab one and point me to what you believe is written that disproves it.

If you can, pretender.

Sigh ... , lets start with the first link ....

https://bitcoin.stackexchange.com/questions/85650/htlcs-dont-work-for-micropayments/85694#85694

https://docs.google.com/presentation/d/1G4xchDGcO37DJ2lPC_XYyZIUkJc2khnLrCaZXgvDN0U/edit?pref=2&pli=1#slide=id.g85f425098_0_195

which directly addresses one of Rizun's concerns with the dust limit expressed in the article "Visualizing HTLCs and the Lightning Network’s Dirty Little Secret"

Well, it provides a workaround, but does not solve it.
Sometimes names are misleading. In this case however, 'Probabilistic Payments' is a very apt description of this mechanism. The payment may or may not happen. Is there something about this that you do not understand?

I also note that the "concern of Rizun's" that you have chosen to 'rebut' is merely one micro-sub-case of one of the listed FFFoLN. Not only is it not a solution (being a mere compromise) to the issue you chose to 'rebut', but the actual one of the FFFoLN of which it is a special case -- namely, that fraction at layer 1 leaks to layer 2 -- has much more damaging consequences. Such as 'persistently full blocks prevent opening of channels, closing of channels, and repudiation of counterparty posting of stale channel state data'.

Bzzt. Try again.

[El duderino_]

I scammed a lot of people. First, I sold them a software that is good for nothing. Then I sold them the dream of became rich by telling them BTC is gooing to "100k if not I will eat ...." but I have not told them BTC will go to 6k sell some to buy more.
Who am I?

Same d*ckhead as always?? 

[HairyMaclairy]

It doesn’t sound like a much needed apology to me



https://twitter.com/cobrabitcoin/status/1120742431144779783?s=21

[VB1001]

BTC Dominance: 54.7%

CMC

 
 
 

[gentlemand]

It doesn’t sound like a much needed apology to me

Am pretty confident this person is our modern equivalent of this forum's Shroomskit who admitted that 3-5 different people were using that same account. I think Cobra must be at least 5-10 different people who rent it on an hourly basis.

[bitcoinPsycho]

Unlike BTC and the way Bitcoin was described in the whitepaper the BCH alt now uses weak subjectivity as the basis of determining consensus.

In a limited manner, yes. For everything else, there is SV.

Nobody is going to use SV for anything. Its just another altcoin, the 28th with the word bitcoin in its name. When are you going to give up the farce?

He won't, SV more encapsulates what he wants Bitcoin to be or stand for. The majority of us just don't share that opinion, which needs to be noted as having a great cost of Craig bring the lead on it. (Whether people want to accept that is the case or not)

There is a place in the ALTcoin section  for discussing imposter coins

https://bitcointalk.org/index.php?topic=4985868.msg50755442;topicseen#msg50755442


Be carefull there's a lot of RED tags in that place

[BTCMILLIONAIRE]

I'll try to summarize the last 4 months. The first important point was of course the recovery jump from $3100K (15 Dec 2018) to $4000 (Bitstamp prices everywhere). This suggested that the new bottom $3100 is either the final or it would be tested again. The fear of the second posssibility led to the gradual decline until 7 Feb 2019, which was the next even more important turning point. Then we had the higher low of $3350 and a jump to $3700. At this point the first possibility that we found the final bottom seemed more probable for the traders, and soon followed another breakout to $4100. After that another drop to $3700 area. But then followed what was the most important period IMO. From 7 Feb until 1 April the price was gradually increasing showing no sings of testing the bottom. Each time the price dropped in a matter of minutes it recovered again and again. This indicator clearly showed that way more people were waiting with fiat to buy at any small dip. Finally the $3800 and $4200 resistances fell and with several big and smaller jumps we got to $5600 (1-2 April 20% short squeeze was epic!).

Now, what can we expect? It seems quite probable that in the coming days or 2-3 weeks we are going to reclaim the old support at $6-6.4K.  The other less probable case for the next month  is to have a gradual declining price to $5K or in the worst scenario to $3.8K. It all depends on the buying strenght. I think that the sings of the recent quick recoveries show that the buying potential is much bigger than in 2018. This potential is enough to bring us back to $20K and beyond. The only problem is the psychological fear that the price above $10K is too high. You know, the average Joe is thinking: $10K is too late for me. See ripple it is only $0.30 now. All of my ignorant friends are thinking in this way.   They don't know about market cap or the real value of the Bitcoin   Fortunately, FOMO will overcome fear and after some battle we will see soon 5 digit prices! And when the halving comes, nobody will know what the real price should be. It will be worldwide news to have 20-30% jumps like 80-100K$ in 1 day. I can't wait to see that

Holy fuck, we dropped 99,99871% on December 15? Maybe I should go see a doctor.

[mindrust]

BTC Dominance: 54.7%

CMC

 
 
 

I dumped my RVN and LTC bags for BTC at the fucking top. (ltc from 0.0181BTC, rvn from 1640sats.) I feel like a genius. Only Monero left in my portfolio. I am now %98.5 Pure in BTC. (this is purer than the Heisenberg standard) Feelsgoodman.

I am probably not returning to RVN but can get back in to LTC from <0.01BTC.

[Paashaas]

sorry mate ^

https://twitter.com/justinsuntron/status/1120927231587393536
-snip-

Tron is coming home.

Ahhhh man  

That fraudulent coin has struck a partership with that club? Eww. I don't expect LC fans to be any smarter than average monkeys about this. When you think about a real cryptocurrency, how could Bitcoin partner up with a club? Who would we send, fake Jesus or fake Satoshi?

Liverpool denies partnership with Tron. lol.

A spokesperson at the football club told Decrypt : “Liverpool Football Club has confirmed that it does not  have a partnership with Tron.”

https://decryptmedia.com/6684/tron-liverpool-football-club-fc

[Arriemoller]

Hey Arriemoller,

Got Fire, Water, Heaven and Earth and Archaeology in the East and the West coming from Amazon.  Please do mention it if you notice that The spring at the bottom of the well of time has been released in translation.

I only ever learned nynorsk, and that is really rusty, thanks.

Will do.
I was about to jump a number of pages, good thing I didn't or i would have missed your post.
He is  an academic so his books can be a bit cautious in its conclusions, but they are interesting never the less.

[jbreher]

Dispelling LN FUD from Rizun For others that care to research -

Rizun is not a chief scientist lol..

Well, that's his title. For all it is worth. Of course, the title is not as important as the content. Do you want to talk about that, or just sling shit?

this guy is on Rogers payroll

Quite literally the first time I have come across this assertion. May be true, but I'm not going to just take your word for it. Want to back up your assertion?

shilling bigger blocks,

It ain't 'shilling', if it is something in which you believe. By definition. Or do you mean to denigrate any advocacy of any position that you personally do not agree with?

he's trying hard

Well, he may be trying hard. Though we've known about and discussed these issues with Lightning for years - though perhaps not condensed into five pithy points as he has.

to discredit LN

Well, to point out flaws within the Lightning design which seem to be shouted down rather than discussed. If you want to refer to this process as 'discredit', then knock yourself out.

which is all FUD.

If it is just FUD, it should be easy to provide a convincing rebuttal. None yet in evidence.

Funny thing is that Jbreher rather listen to him than the actual engineers who's working on LN itself..lol.

Are you lying or just intentionally ignorant? I provided a summary of one of Lightning Labs' important engineer's weaksauce 'rebuttal' just a handful of posts upthread. In case you don't understand the significance, Joost is one of "the actual engineers who's working on LN itself". As just one example which proves how wrong you are. lol, indeed

When Bitcoin SV has been experiencing new problems due to 6 consecutive orphan blocks

I don't see how this is relevant to LN, but I'll bite. What 'problems'?

not even a singel word from Jbreher.

Again, I have responded to this issue upthread. Intentionally ignorant again? Lying again?

Like i said before; just tunnel vision big blocks without understanding the consequences.

Oh, I understand the consequences. By your refusal to engage on the actual issues raised, however, it would seem tacit admission that you have no understanding of the consequences of design decisions behind Lightning.

[jbreher]

For the record, the following is my restatement as best I concisely can of Rizun’s ‘Five Fundamental Flaws of LN’:

1) Lightning scales txs not users
2) Friction in layer 1 leaks into layer 2
3) Routing failures are inevitable
4) Much trapped liquidity in the system
5) Running a non-custodial wallet is more cumbersome than onchain

More anti bitcoin propaganda from the threads #1 bitcoin hater.

More anti-jbreher propaganda from the net's #1 jbreher hater. Your personal vendetta is just ... so ... adorable.

We've covered this. You're a slow learner. In no way am I a bitcoin hater.

1. Bullshit. Users are transactions.

People are inanimate transitory relationships between people? You don't logic much, do you?

2.-5. Well I guess we should just abandon a blossoming technological breakthrough since its current incarnation has potential flaws/limitations.

Scathing rebuttal. Not. EyerollCribbedFromJjgPost.png

You just. Don't. Get. It. It is silly to bet your future on a technology which is utterly dependent upon an implementation that has flaws and limitations which you do not only not understand, but you also refuse to learn about. More than silly. DarwinAwardIstic.

[VB1001]

https://twitter.com/100trillionUSD/status/1121086435682082816

Since miners capitulated in Dec 2018, #bitcoin difficulty is back to Aug 2018 levels (when price was $7000)...

Everything returns to its course.

[LFC_Bitcoin]

It doesn’t sound like a much needed apology to me



https://twitter.com/cobrabitcoin/status/1120742431144779783?s=21

Happy to see Cobra has seen the light.

Only a couple of million dollars lost. Fuck it, pocket change !!!!!!

 

[Paashaas]

sorry mate ^

https://twitter.com/justinsuntron/status/1120927231587393536
-snip-

Tron is coming home.

Ahhhh man  

That fraudulent coin has struck a partership with that club? Eww. I don't expect LC fans to be any smarter than average monkeys about this. When you think about a real cryptocurrency, how could Bitcoin partner up with a club? Who would we send, fake Jesus or fake Satoshi?

Liverpool denies partnership with Tron. lol.

A spokesperson at the football club told Decrypt : “Liverpool Football Club has confirmed that it does not  have a partnership with Tron.”

https://decryptmedia.com/6684/tron-liverpool-football-club-fc

More lies from the Tron group, now I know many of you dislike Ethereum but at least they aren't fuck heads like this.

(TRON is trying to take eths marketshare. Unfortunately Asian based coins try this through continued lies and manipulation that just piss people off.

In other news a guy was talking to his friends at lunch about Bitcoin and nano. I mentioned that I thought the bottom was in, he asked if I was a Bitcoin maximalists. I wanted to say no but then realized yeah except for just about eth only I am. I told him nano was shit, abc is shit, sv is shit and I think this cycle will put 50ish k and to dump at $48k.

Keep an eye on BnB, another competitor in town with their own tricks.

[jbreher]

Unlike BTC and the way Bitcoin was described in the whitepaper the BCH alt now uses weak subjectivity as the basis of determining consensus.

In a limited manner, yes. For everything else, there is SV.

Nobody is going to use SV for anything.

You just can't help but to publicly display your exaggerated ignorance, can you? _I_ use SV. Ergo, your bald blanket assertion is ludicrously false on its surface.

Its just another altcoin,

Matter of perspective. In my book, anything that traces its history back to satoshi's genesis block and uses SHA-256 PoW is no mere altcoin.

the 28th with the word bitcoin in its name.

I've admittedly not been keeping track. I guess you have. Want to list them in the order of creation? Or are you just making shit up again?

When are you going to give up the farce?

By 'farce', do you mean my conviction that SV is the most important implementation of cryptocurrency? I suppose if it ever abandons the principle of being the best possible implementation of the protocol design bequeathed us by satoshi, that might cause me to give up. Though it may just cause me to fight for a return to principles. Exactly as I fight for BTC to return to the principles that initially made it a success.

[VB1001]

Bitcoin price up 720,000,000 percent first recorded price

The evolution of money has historically gone through four key stages. From collectible to a store of value and then to a medium of exchange, and finally a unit of account (such as the US dollar today).

What makes Bitcoin unlike any type of money before it is how quickly it became an exchangeable good. Historically, it took eons for people to come to a consensus on a medium of exchange.

https://bitcoinist.com/bitcoin-price-up-720000000-percent-first-recorded-price/

[Arriemoller]

It's the rhetoric.  

I am quite certain that if you started erecting spars 15 miles out in the gulf of Mexico and posting on FB about your libertarianism and self sovereignty the reaction of the USCG would be swift and unequivocal.

Global enclosure is nearly complete.  I really think that, short of an orbital Lagrange platform, the aircraft carrier is the only way.

I think an old supertanker or massive container ship would be a better option..  and a lot easier to obtain... 

Granted, there would be more upfront work involved to make it usable.. but with those huge wide open holds, you could basically build in whatever infrastructure you want..  Kinda like buying an old warehouse and turning it into high-end flats...

Like this ? https://youtu.be/tofhP7ZatcA

[jbreher]

Incidentally, on today's What Bitcoin Did podcast, host Dr Perter McCormack revealed that he did not know that Lightning does not use trustless payments when these txs are of a value below that of the cost of posting a channel closing tx.

Yes, this is the same issue BitUsher raised above.

It is not so much that LN has limitations. It is that any attempt to raise a discussion on these limitations is immediately shouted down. Mostly by people completely ignorant that these issues even exist.

You might want to ask yourself how confident you are in your knowledge that the technical design of LN is bulletproof. I'm not calling on you to post the results of this self-examination. Just be honest with yourself.

I don't think it too much to ask.