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

[fillippone]

That's a good point. Technically you're correct about the blocksize limit not being part of the protocol, of course.
Though if everyone is running a client with a different blocksize, the network will become a clusterfuck.

No. The miners -- or rather 51% the largest group of them -- would then determine the max block size. No clusterfuck. Longest chain rules.

FTFY

Nodes set the rules, not miners.
If the majority of miners mine blocks against consensus rules, as defined by nodes, nothing happens, as mined block, even if the longest chain is produced, are not relayed trough the network as rejected by the nodes.

[kronos123]

The entire Bitcoin network is constantly growing and evolving, from LN to transactions, from derivatives to options ..... everything contributes to the spread of the King

https://diar.co/volume-3-issue-15/#2

[LFC_Bitcoin]

Out of interest does anybody (except jbreher) still own any BCH or SV?

I transferred all of my BCH into Bitcoin & spent it living like a king for just over 12 months.
(I don’t sell any of the Bitcoin I’ve bought myself but give me a break for wanting to enjoy the fruits of my labour here).

Obviously I got 0 SV because I had 0 BCH at the time of their shitfiri.

[d_eddie]

I don't like it today. Just my SOMA gut, but the coming weekend might be little fun.

[HairyMaclairy]

Out of interest does anybody (except jbreher) still own any BCH or SV?

I transferred all of my BCH into Bitcoin & spent it living like a king for just over 12 months.
(I don’t sell any of the Bitcoin I’ve bought myself but give me a break for wanting to enjoy the fruits of my labour here).

Obviously I got 0 SV because I had 0 BCH at the time of their shitfiri.

Couldn’t stand that shit. Dumped it for BTC immediately.  I’d rather be a no-coiner than have Roger control my coins.  Never got any SV as a result but definitely got the better end of the deal.

[HairyMaclairy]

Oops

[gentlemand]

Out of interest does anybody (except jbreher) still own any BCH or SV?

Yes. Still got plenty of both. I spend it every now and then.

They're prime pump fodder for the foreseeable future no matter how poo they are. If there's to be a monster bubble I'll offload the majority then as they'll reach truly insulting prices no matter what.

[LFC_Bitcoin]

Out of interest does anybody (except jbreher) still own any BCH or SV?

I transferred all of my BCH into Bitcoin & spent it living like a king for just over 12 months.
(I don’t sell any of the Bitcoin I’ve bought myself but give me a break for wanting to enjoy the fruits of my labour here).

Obviously I got 0 SV because I had 0 BCH at the time of their shitfiri.

Couldn’t stand that shit. Dumped it for BTC immediately.  I’d rather be a no-coiner than have Roger control my coins.  Never got any SV as a result but definitely got the better end of the deal.

Didn’t want to move my bitcoin’s out of cold storage to claim BCH for quite a while. It actually worked out better for me in the end as I got $1,200 per BCH.

[LFC_Bitcoin]

Out of interest does anybody (except jbreher) still own any BCH or SV?

Yes. Still got plenty of both. I spend it every now and then.

They're prime pump fodder for the foreseeable future no matter how poo they are. If there's to be a monster bubble I'll offload the majority then as they'll reach truly insulting prices no matter what.

I think they’re both going to double digits or worse eventually.

[gentlemand]

I think they’re both going to double digits or worse eventually.

I think it's easy to underestimate the greed and literal mindedness out there.

They're both called 'bitcoin' and they're both 'cheaper'. That's going to give them many years of life yet. I'll be out of it when their respective prices make me shake my head in wonder.

I'm really amazed how many alts are still a thing.

[HairyMaclairy]

Individual alts are almost impossible to kill. I am resigned to the fact that we will always be surrounded by a spectrum of alts. They just won’t have any value once the next big thing comes along. 

[P_Shep]

Out of interest does anybody (except jbreher) still own any BCH or SV?

I transferred all of my BCH into Bitcoin & spent it living like a king for just over 12 months.
(I don’t sell any of the Bitcoin I’ve bought myself but give me a break for wanting to enjoy the fruits of my labour here).

Obviously I got 0 SV because I had 0 BCH at the time of their shitfiri.

To my shame I do.
0.00000244 of each sitting on my bitfinex account

[realr0ach]

This dumb "stock to flow" poster guy Anonymint & Infofront are citing looks like he's lying about silver and gold to try and make Bitcoin look better.  There's more like 100,000 tons of silver around, NOT 500,000 as he claims.  So silver stock to flow is more like 4 instead of 22.  Although I didn't check his "flow" number, so even that might be off too.  His gold stock number is also WAY too high.  In other words, probably everything in that picture is incorrect.



It's also not even really possible to have valid flow figures in the first place for numerous reasons I won't go into.  Do you include the ETFs whose only reason for existing is to suppress price?  For all intents and purposes, someone trading a paper receipt of ownership for silver around is the same thing as physical flow.  The only purpose of the flow metric is to signify transfer of ownership, and that's what's occuring (doesn't matter if the ETF vaults are empty or gold plated tungsten).  He probably leaves all of that out solely to try and make Bitcoin look better.

[ChinkyEyes]

More than 100 shops and restaurants where you can pay through Lightning in Arnhem Bitcoin City (Netherlands) .

https://www.arnhembitcoinstad.nl/

Now in the rest of the country 
Rotterdam, den haag and Amsterdam

The Arnhem story is crazy imo, the city was already super Pro BTC years ago, damn that community was fast @the party!

It's great that a city has many merchants that accept Bitcoin, the only thing missing in this, is barely anyone is spending their Bitcoins to buy things. Everybody just in hodl mode. If we want true adoption start spending and paying for things in BTC.

[bitcoinPsycho]

More than 100 shops and restaurants where you can pay through Lightning in Arnhem Bitcoin City (Netherlands) .

https://www.arnhembitcoinstad.nl/

Now in the rest of the country 
Rotterdam, den haag and Amsterdam

The Arnhem story is crazy imo, the city was already super Pro BTC years ago, damn that community was fast @the party!

It's great that a city has many merchants that accept Bitcoin, the only thing missing in this, is barely anyone is spending their Bitcoins to buy things. Everybody just in hodl mode. If we want true adoption start spending and paying for things in BTC.

After you

[LFC_Bitcoin]

It's great that a city has many merchants that accept Bitcoin, the only thing missing in this, is barely anyone is spending their Bitcoins to buy things. Everybody just in hodl mode. If we want true adoption start spending and paying for things in BTC.

I’m going to be honest here - I’ve been invested in bitcoin (and constantly buying) since 2014.

I don’t think I’ve ever bought anything with bitcoin.

I mean I’ve gambled with bitcoin then sold some & rebought but I don’t think I’ve ever bought anything with bitcoin. I know I’ve never done it physically in a shop or something.

[realr0ach]

I’m going to be honest here - I’ve been invested in bitcoin (and constantly buying) since 2014.

I don’t think I’ve ever bought anything with bitcoin.

I mean I’ve gambled with bitcoin then sold some & rebought but I don’t think I’ve ever bought anything with bitcoin. I know I’ve never done it physically in a shop or something.

In other words, you are the posterboy for why Bitcoin is a bubble?

[HairyMaclairy]

It's great that a city has many merchants that accept Bitcoin, the only thing missing in this, is barely anyone is spending their Bitcoins to buy things. Everybody just in hodl mode. If we want true adoption start spending and paying for things in BTC.

I’m going to be honest here - I’ve been invested in bitcoin (and constantly buying) since 2014.

I don’t think I’ve ever bought anything with bitcoin.

I mean I’ve gambled with bitcoin then sold some & rebought but I don’t think I’ve ever bought anything with bitcoin. I know I’ve never done it physically in a shop or something.

https://www.airvpn.org/

They take Bitcoin.  And they are bloody good. Hopefully obvious why you would use Bitcoin and not your credit card.

[LFC_Bitcoin]

Saving that in favourites Hairy, thanks. Will have a look when I’m not on an iPhone.

[LFC_Bitcoin]

Shit I've spent too much, but it does help the holding during the bear market as the mentality is "fuck it, I've already gotten enough out of this investment even if it goes to zero" so the hodl strength is Strong.

Just looked at your registration date.....2012.....

I bet you bought a shit tonne of sickeningly cheap bitcoin’s back then ans/or mined)