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

[HairyMaclairy]

The immutability of the 1MB blocksize still stands if we throw out the word "protocol". Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever, and become the de facto standard in all bitcoin software implementations. That's why Garzik and the others were opposed to it at the time. Satoshi said that it was temporary, but he knew enough about game theory to realize 1MB blocks would become a Schelling Point within the bitcoin network if it was left in the core client long enough.

I agree fully with the above but unfortunately the 1MB block size has already been abandoned when segwit was introduced. This wasn't a prerequisite of segwit at all so it's a real shame and a real danger of having set a precedent (at least in the minds of some) for another increase in the future.

I hope there will never be another increase as every increase exponentially reduces the effective security of the network.

Segwit was a soft fork not a hard fork. Nothing was abandoned as its all 100% backwards compatible

[realr0ach]

-people realising bitcoin is not for coffee or pizza - again

I will see your bet and raise you.  You say a lowly pizza or coffee is just not important enough to be permanently stored in some gigantic, tragedy of the commons database eternally.  In fact, NO TRANSACTION is.  Nor would you want your financial history sitting out in the open for everyone to see in the first place while simultaneously abolishing the 5th amendment.  Which is why these people called 'the goyim' invented a new technology called physical metals.  It has built-in pruning, fully anonymous transactions, infinite scaling, and far higher security than Bitcoin with total immunity to 51% attack.

[siggy_77]

Even if you have a good plan and you largely follow your plan, there can still be a decent amount of trepidation during the process of the BTC price going UP like a bat out of hell...

-snip-

So build the shaving/skimming into the plan. That's all I'm saying.

This is Bitcoin. If your plan does not consider the possibility that the price overshoots by at least an order of magnitude more than you -- in your wildest dreams -- would dare to hope, then u r doing it rong.

Absolutely... while I would be highly surprised to see 6 digits anytime soon, my plan does allow for prices all the way up to 1MM.   (( past 1MM.. its just a snarky notation that says "hookers and blow"   ))

I have absolutely zero trepidation following my plan..  

Let your logical self make the plan..  then when the price goes bonkers, your emotional self can trust that your logical self knew what he was doing and you can just sit back and enjoy the ride..  

worked for me just fine in 2017.

[Phil_S]

May 2018

May 2019

[El duderino_]

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.

https://bitcointalk.org/index.php?topic=5112323.msg51168573#msg51168573
^
proof of use and spending from time to time

[JayJuanGee]

illogical and pie in the sky skewed nonsense when it comes to your supposed defense of the tech of SV and your nonsensical proclamations that SV supposedly adheres better to the original bitcoin vision than bitcoin itself -

You are again misrepresenting my position. Misunderstanding? Intentional misrepresentation? Only you know for sure.

My position has been consistently that SV adheres more to the original Bitcoin protocol than does BTC. This is really undebatable fact from a protocol perspective.

'Vision' is a nebulous, touchy feely thing, upon which I make no value judgement.

Satoshi's ... err ... vision may indeed have been more aligned with the current BTC. We have no way of knowing. However, if indeed that were the case, why did he not encode segwit into the original release?

Oh gawd....

It's called scale as you go...

Dude, don't just dismiss it right away. I think our boy is on to something here. Why don't we just make everything perfect from the start?

Take IPv4 for example. It came with CIDR/VLSM out of the box. Computers from private networks accessed the internets via NAT form day one. Because anything else would be just stupid...

Yeah... his level of shilling for that BIG block / bcash / original vision trashy shit is just getting ridiculous.  Now he wants to argue that either we should have known everything from day one, otherwise it is no good.  Or, two, if we learn something, instead of incorporating it through consensus (and allowing everyone to keep up), we should just throw out everything and start over.  Makes little sense, except for ongoing opportunistic attempts to spout out largely unsubstantiated BIG blocker nonsense to shill for bcash trashy projects while denigrating the more solid path of where bitcoin is at, how it got here and where it is going.

[BITCOIN_ALMIGHTY]

Is this a big JOKE?

Bitcoin creator Craig S. Wright (Satoshi Nakamoto) granted US copyright registrations for Bitcoin white paper and code:

https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/

Should we truly believe this ?


I always thought Satoshi ( even if revealed his true identity) is some japanese man, with a good heart and no greed for gaining fame or becoming famous. He loved to be anonymous and serves the world with his invention (Bitcoin) in the best way.

And on the other side, Craig just looks like a greedy man trying to build a fame in the crypto market. He even said in one of his twitts, "I want the real Satoshi to reveal his identity, or else I will do it myself" and now claiming himself as Satoshi!

Basically, I thought this guy is the real Satoshi :

https://i.imgur.com/L2ejZHm.jpg

[fillippone]

Is this a big JOKE?

Bitcoin creator Craig S. Wright (Satoshi Nakamoto) granted US copyright registrations for Bitcoin white paper and code:

https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/

Should we truly believe this ?


I always thought Satoshi ( even if revealed his true identity) is some japanese man, with a good heart and no greed for gaining fame or becoming famous. He loved to be anonymous and serves the world with his invention (Bitcoin) in the best way.

And on the other side, Craig just looks like a greedy man trying to build a fame in the crypto market. He even said in one of his twitts, "I want the real Satoshi to reveal his identity, or else I will do it myself" and now claiming himself as Satoshi!

Basically, I thought this guy is the real Satoshi :

you must be new here.

[JayJuanGee]

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!

Will this be the next bitlandia?
Yeah noticed price has dropped abit since yesterday now at $7919 what with the slide?
edit $7872 I think the Craig wright effect is damping our BTC faithful!
Micgoossens get on it... STAT!

We should not be surprised by some creative FUD spreading that attempts to reverse upwards price pressures and then hopes to wear away .. widdle and widdle and widdle in order to hopefully cause, at least some short term momentum in the other direction.  Will it be successful?  Could be.  Could be. 

I did stock up some on the little correction, last week to $6,200, and there are likely a lot of peeps wanting to correct more to buy some corn.. But will they get their way?  Which way is easier?  UP or DOWN?   or SIDEways?

[Paashaas]

https://twitter.com/MustStopMurad/status/1022169639386836992

[BITCOIN_ALMIGHTY]

you must be new here.

Yes, I am a bit new here, but not new into the Bitcoin and trend's behind it, I saw most of the Bitcoin lovers and supporters here like me, so would like to ask them.

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?

[nutildah]

Yes, I am a bit new here, but not new into the Bitcoin and trend's behind it, I saw most of the Bitcoin lovers and supporters here like me, so would like to ask them.

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?

Did your old account get banned for plagiarism or what happened?

[JSRAW]

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.

I spent BTC couple of times worth of around $1k, but both purchases were for professional use and studies.

1. Bought one licensed 3d software worth of $900 but got discount with BTC payment, end up spending $700
2. The second purchase came when I enrolled in one Online course, paid the first Instalment with BTC. After the first installment, they said NO and I was like okay Muggles, your loss

[BITCOIN_ALMIGHTY]

Did your old account get banned for plagiarism or what happened?

Nothing happened, and is it not relevant for new people to discuss here ? Or whats the issue?

[El duderino_]

you must be new here.

Yes, I am a bit new here, but not new into the Bitcoin and trend's behind it, I saw most of the Bitcoin lovers and supporters here like me, so would like to ask them.

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?

Yeah just as you said, we have to assume CSW is the real Satoshi and inventor..... so you just educated us, take care and explore the Bitcoin forum in other threads and tell them all the same........ Have a good one.


 

[El duderino_]

Also r0ach be a little more quiet or my GF comes to r0ach you again

[El duderino_]

Gonna change the HAT for a few hours..... Yeah its that time of the week again, fingers are itching and in need for some online poker clicking

Hopefully its a brother earning some corn today ..............

[gentlemand]

I spent BTC couple of times worth of around $1k, but both purchases were for professional use and studies.

1. Bought one licensed 3d software worth of $900 but got discount with BTC payment, end up spending $700
2. The second purchase came when I enrolled in one Online course, paid the first Instalment with BTC. After the first installment, they said NO and I was like okay Muggles, your loss

I've spent fooking loads. Probably 50-100 expenditures. Most of them I don't regret at all. I only spend on things that make my life better. Probably enough for a few country estates in future but I'll only need 3 or 4 estates.

The people I REALLY don't get are those who spend all of their tiny balances on Steam games or Google Play vouchers and don't seem to realise what they're chucking away. It's the equivalent of those on here who bought BTC when it was $10, spent all of it on weed and then turn up moaning a few years later.

If I was wanking away to my copy of Leisure Suit Larry knowing that I'd paid 0.25 BTC for it in 2015 I would lose my pathetic boner.

[BITCOIN_ALMIGHTY]

A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied. Coingeek is lying to push their agenda.

No, the registration proves nothing to me and to most of people here I think, but it has just pushed the SV price way up in very little time which means more people believe he is the real guy. and yaa, you are right about him not able to sign the Genesis Block totally proves he is not the real one.

Yeah just as you said, we have to assume CSW is the real Satoshi and inventor..... so you just educated us, take care and explore the Bitcoin forum in other threads and tell them all the same........ Have a good one.

CSW is not the real Satoshi, and I never said this. I just asked if this news is really that effective to be believed by so many people around the world. You too have a good one.

[gembitz]

you must be new here.

Yes, I am a bit new here, but not new into the Bitcoin and trend's behind it, I saw most of the Bitcoin lovers and supporters here like me, so would like to ask them.

Should we believe, the US registration and move on with Craig Wright being the real Satoshi ? Or its just another fud which will go around in some days ? What can we do to stop this shit?

A simple registration is enough for you to believe someone who has constantly lied and refused to simply sign the Genesis block? It hasn't been approved by the copyright office just a registration, it can still be denied. Coingeek is lying to push their agenda.