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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (8.4%)
Early 2020 - 38 (22.8%)
Late 2020 - 50 (29.9%)
Early 2021 - 15 (9%)
Late 2021 - 26 (15.6%)
2022 - 4 (2.4%)
2023 - 0 (0%)
2024 - 4 (2.4%)
After 2024 - 3 (1.8%)
Never - 13 (7.8%)
Total Voters: 167

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21432984 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (129 posts by 23 users deleted.)
BITCOIN_ALMIGHTY
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May 22, 2019, 02:44:37 PM


LOL !! Cheesy

I think, I just triggered you guys by saying that name. You hate him more than me ! I guess we are on the same train here.
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The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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May 22, 2019, 02:44:58 PM

^^ @Gembitz, may he be known as the unnamed one from now on WO patrons! Cheesy
Maybe direct the newbies who are asking about him there: https://bitcointalk.org/index.php?topic=5145673.msg51164168#msg51164168
I like this thread and where its going
"Oh our glorious leader Craig FUK-EM satoshi wrong" Grin
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May 22, 2019, 02:48:28 PM

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  Shocked
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.


I will start using bitcoin when it reaches one million dollars.
infofront
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May 22, 2019, 02:56:44 PM
Last edit: May 22, 2019, 03:27:35 PM by infofront
Merited by vapourminer (1)

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% of them -- would then determine the max block size. No clusterfuck. Longest chain rules.

And they've chosen to keep Satoshi's 1MB block size in place all these years. Anyway, how would 51% of miners be able to coordinate on a new block size? There is no Schelling Point above 1MB, so you'd end up with a bunch of forks.

Quote from: jbreher
Quote from: infofront
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,  

I think the interim limits of 250KB and 500KB invalidate your assertion.

I assume you're talking about the default, "soft block limits" that miners were free to choose, as long as they were under the 1MB hard (consensus) limit?

Quote
The raw data is also a source of some interesting discoveries. Individual pool operators sometimes try to optimize things in interesting (and quite different) ways. Here are some examples for some of the larger pools:

    Antpool never adopted the 350k bytes value and jumped from 250k to 750k in June 2014.
    BTCGuild adoped 475k bytes in March 2013, then 500k bytes from August 2013.
    The now defunct DeepBit pool never went over 100k bytes.
    Discus Fish (F2Pool) switched from 250k bytes to 32k in December 2013. After 6 weeks they variously tried 48k and 64k sizes for a few weeks each before adopting 916k in March 2014, then 933k in August 2014. In October 2014 they systematically started mining at 1M bytes; as such they consistently mine the largest blocks of all pools. Discus Fish also, curiously, mined a very large number of 0 transaction blocks for during the middle of 2014, suggesting some other peculiarities in their block selection.
    Until November 2013 Eligius appears to have tried many quite large block sizes, before adopting a value just over 900k bytes.
    GHash.IO ran with the 750k default for 2 weeks in March 2014 before moving back to 350k until late June. Their switch to larger blocks coincided with their decline in peak hash rate from a mean of 40% of the network. Curiously, both times they moved to 750k there was a corresponding large drop (about one sixth) in their share of the network; this could be complete coincidence but perhaps not!
    Megabigpower has highly erratic maximum block sizes; the variation is seemingly far too large for their share of the network, with smaller pools showing dramatically more stability. This perhaps implies that they are usign some sort of custom maximum block size estimation software.
    Most of the "unknown" hashing seems to be done by miners using the default sizes.
http://hashingit.com/analysis/39-the-myth-of-the-megabyte-bitcoin-block

Edit: I also recommend reading Shelby's latest blog post: https://medium.com/@shelby_78386/apparently-not-400244cca3cc
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May 22, 2019, 02:59:09 PM

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 Cheesy

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. 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.

Jeez, that's a lot, but you were early so that's fine. yeah, that's the thing "regret" if you don't then all good but its a problem if you have some. I didn't spend much as of now so same feelings.

I am not going to judge gamers here because I used to be work for Steam Cheesy but I get your point of view.
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How much alt coin diversification is needed? 0%?


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May 22, 2019, 03:03:20 PM
Last edit: May 22, 2019, 03:16:36 PM by JayJuanGee

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?

Yep.... Bitcoin is in a bubble.. for sure.   Wink Wink  




Don't buy any BTC, roach.
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How much alt coin diversification is needed? 0%?


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May 22, 2019, 03:16:10 PM

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) Grin
Yeah I was too young and too broke, my first coin was $50 which I promptly spent on a USB Asic, then I doubled down on every coin I mined for a bit. Fuck I was making $9 an hour then.

I wish I had a nice amount but I guess there's always time to make that happen.

Hard to accumulate BTC if you are spending them all the time.

I have no problem with spending BTC, as long as you realize what you are spending and consider that you might have a personal allowance that you can spend because you have a stash that you are trying to maintain and to accumulate, which likely would trigger replacement of spent BTC and sometimes accounting complications - based on current tax treatments of some jurisdictions.
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May 22, 2019, 03:21:37 PM

We all can create our own shitcoin CLOSE to the original version.

Not close, an exact replica.  Thank you for reminding us all why people calling imaginary digital shitcoins a "store of value" are mentally insane.  Technically, one would say the value of the imaginary coin is derived from the utility of the network since there is no real commodity basis, but the utility of the network can be replicated infinitely, so the scarcity argument doesn't even exist.  In that context, Bitcoin is simply backed by shills/scammers.

We don’t need LN to scale.  

Just use centralized solutions like Liquid to scale for low security transactions.

I calculated even with 8 MB blocks, a transaction would need to be something like $10k dollars to be viable on-chain if Bitcoin was used as the backbone of the financial system for big ticket items like houses, cars, boats, etc.  Bitcoin has virtually no use at 1 MB on a global scale except to be something like an intrabank SDR.  Anonymint's claims of how high transaction fees would go are vastly higher than mine, and I don't think they're correct, so I didn't mention them.  

Since Lightning Network is NOT a valid scaling solution because all it does is recreate the already existing banking system where network topology will force all transactions to be routed through a bank - and as the only Craig Wright fan on earth Jbreher points out, 1 MB blocks are not even large enough to onboard people into LN in the first place - absolutely nothing about bitcoin scaling or decentralization was EVER solved.  How are people spamming these idiotic "Bitcoin is guaranteed to go to $100k-$1million each" constant drive by shillings when there are no decentralization and no scaling fundamentals?

Shelby/Anonyminy has a response to both of your posts here:

https://medium.com/@shelby_78386/apparently-not-400244cca3cc
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May 22, 2019, 03:25:55 PM

I definitely think r0ach has at least 1BTC. He’ll never admit it though.

And hello once again $8,000.
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May 22, 2019, 03:27:54 PM
Merited by infofront (1)

Gold is no longer the standard of wealth.
https://twitter.com/GrayscaleInvest/status/1128677725785530368
image loading...
With a generational shift in wealth underway, it's important to understand the next generation of investors' mindsets.
https://twitter.com/GrayscaleInvest/status/1129469886835695617
image loading...
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May 22, 2019, 03:29:47 PM
Merited by VB1001 (1)

Gold is no longer the standard of wealth.
https://twitter.com/GrayscaleInvest/status/1128677725785530368
image loading...
With a generational shift in wealth underway, it's important to understand the next generation of investors' mindsets.
https://twitter.com/GrayscaleInvest/status/1129469886835695617
image loading...

Gold is just your grandpa's analog bitcoin.  Wink
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May 22, 2019, 03:38:55 PM

HAPPY BITCOIN PIZZA DAY EVERYONE!

https://steemit.com/bitcoin/@bitjane/may-22-is-bitcoin-pizza-day

#BitcoinPizzaDay
mindrust
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May 22, 2019, 03:39:08 PM



Holy shieeet

You are not anonymous bruh!

Wearing my hat back.
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May 22, 2019, 03:39:55 PM

Gold Bar 400 oz =


History
1 BTC =
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May 22, 2019, 03:46:12 PM



Holy shieeet

You are not anonymous bruh!

Wearing my hat back.

Sad.

Any idea where ChipMixer is registered? I don't find any relevant information in their domain name's WHOIS.
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May 22, 2019, 03:49:46 PM

Sad.

Any idea where ChipMixer is registered? I don't find any relevant information in their domain name's WHOIS.

Erm, that's kind of the idea, no?

I'm surprised by this considering every mixer since forever will have identifiably dodgy addresses going straight to it. I wonder what set this off.

It's a bit unedifying how everyone on Twitter is now calling it a laundering service. They certainly wouldn't have before.
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May 22, 2019, 03:53:36 PM
Merited by vapourminer (1)

Europol, Dutch and Luxembourg authorities clamp down on crypto mixing service Bestmixer.io

Quote
Today, the Dutch Fiscal Information and Investigation Service (FIOD), in close cooperation with Europol and the authorities in Luxembourg, put an end to cryptocurrency mixing service Bestmixer.io. The investigation resulted in the seizure of six servers in the Netherlands and Luxembourg.

The Dutch FIOD has gathered information on all the interactions on this platform in the past year. This includes IP-addresses, transaction details, bitcoin addresses and chat messages. This information will now be analysed by the FIOD in cooperation with Europol and intelligence packages will be shared with other countries.

https://financefeeds.com/europol-dutch-and-luxembourg-authorities-clamp-down-on-crypto-mixing-service-bestmixer-io/

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May 22, 2019, 04:00:27 PM

https://twitter.com/CryptoCobain/status/1131188253141422080

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May 22, 2019, 04:00:33 PM

Bob

Have you considered getting your pilot’s license?

A friend of mine retired in her late 20s (tech unicorn) and she was always moaning that no one wanted to come out play in the middle of the week when we were all at work.

She says it’s the best thing she ever did. Requires lots of study in a completely new field and liberating to be able to fly half way across the country on a whim. 

What do the Kennedy's miss most about Martha's Vineyard?
The Runway!


Hey any of you guys tried this Abra APP for ACH transfers?
I need a new on/offramp.
They state ZERO FEE for ACH!

https://www.abra.com/
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May 22, 2019, 04:02:05 PM



Holy shieeet

You are not anonymous bruh!

Wearing my hat back.

SHUM Cheesy
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