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

[bitcoinPsycho]

Just went full retard and dropped my galaxy s7 in
 my bath for about 10 seconds (checking the wo)and fuck me it's ok . Dip ... what fucking dip

[El duderino_]

Goodnight WO's

[Last of the V8s]

^ that's beautiful, mic. sleep tight.

[Lambie Slayer]

Breaking:
Shitcoin Mogul Craig Wright is filing to Copyright Hodlsleep

[Last of the V8s]

someone was long https://twitter.com/CryptoUB/status/1134133599970762752

[bitcoinPsycho]

someone was long https://twitter.com/CryptoUB/status/1134133599970762752

It's ok the pc looks intact

Edit: obviously a drama queen with no backbone

[Ibian]

1k fluctuations and people are not panicking but rather posting japanese cartoon memes. Well, we are ready this time. Now we just need to wait a little while for the rest of the world to catch up.

[cryptjh]

Altcoins is like a box of chocolates you never know what you gonna get.
Just Hodl bitcoins

[Ibian]

Altcoins is like a box of chocolates you never know what you gonna get.
Just Hodl bitcoins

Diarrhea. You are going to get diarrhea. Not miraculous running legs, just poopy pants. POOPY IS NOW A WORD, SPELLCHECKER! AS IT SHOULD BE!

[deerlion]

I like to stick big fat ears of corn in my little asshole, what a feeling.

[Ibian]

Just bought $1000 of corn... for... reasons.

Now? Not, like, a month ago?

[bitcoinPsycho]

Just bought $1000 of corn... for... reasons.

Now? Not, like, a month ago?

Like I said, man.

Reasons. I have no idea what's going on. This dip was just too tasty. Bought some chips.

You win and not for the first time

[realr0ach]

It's not a Chinese pump and dump scam they said.  It isn't widely known that the price has been manipulated upwards into an artificial bubble by the Chinese mining monopolies and their gaijin money launderer contact and Tether conspirator Giancarlo of Bitfinex they said.

[WinslowIII]

Roach is so smart - not only has he given up pictures of the exact people responsible for this runup, but he's holding the best assets for the future - silver and gold.
or not.

[yefi]

Edit: obviously a drama queen with no backbone

May be, but he respects his carpet pile, and that has to count for something.

[Toxic2040]

Just bought $1000 of corn... for... reasons.

Now? Not, like, a month ago?

Like I said, man.

Reasons. I have no idea what's going on. This dip was just too tasty. Bought some chips.

no idea or just erlay?

the dip is quiet good bobbie..cheers

[realr0ach]

Roach is so smart - not only has he given up pictures of the exact people responsible for this runup, but he's holding the best assets for the future - silver and gold.
or not.

I'm not anti-Asian or anything, but in Chinese culture it's culturally acceptable to lie, scam, and ripoff anyone who isn't an immediate family member.  This is what overpopulated, highly competitive environments produce whether it's Shanghai or New York City, a dog eat dog culture of low lifes.  Humans are not designed to live in such environments and turn out normal as seen in things like the rat experiments:

https://en.wikipedia.org/wiki/Behavioral_sink

I'm not going to sit around and cheer for a Chinese pump and dump scam to rip people off that has zero fundamentals because transactions validators are designed to centralize and tokens are non-fungible, making it a dystopian permissioned ledger that will be completely government controlled.  The only inevitable endgame of craptocurrency is an exact replica of the Chinese social credit score system.  They are literally pumping the Chinese social credit score system and trying to get idiots to buy it.  Only a fool would not boycott digital shitcoins and buy metals instead.

[WinslowIII]

Better stand then.

[Arriemoller]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

[Toxic2040]

I leave the internet for a while and when I come back you have crashed bitcoin. What have you done? Idiots!

*edit
Dare I call it a feature and not a bug?



------------
bitcoin

First, some news of interest.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2019-May/016994.html

Hi all,

We are making public our latest work on Erlay, an efficient transaction relay protocol for Bitcoin.
It is available here: https://arxiv.org/abs/1905.10518

The main idea is that instead of announcing every transaction to every peer, announcements are only sent directly over a small number of connections (only 8 outgoing ones). Further relay is achieved by periodically running a set reconciliation protocol over every connection between the sets of withheld announcements in both directions.

The set reconciliation protocol uses error correcting codes to communicate a set of transactions to a peer with an unknown but similar set using bandwidth only equal to the size of the difference and not the size of the sets themselves.

Results: we save half of the bandwidth a node consumes, allow increasing connectivity almost for free, and, as a side effect, better withstand timing attacks.
If outbound peer count were increased to 32, Erlay saves around 75% overall bandwidth compared to the current protocol.

This work uses Minisketch, an efficient library for set reconciliation, which we made public before: github.com/sipa/minisketch.

Some of you may already know about it from discussions with me, Scaling Bitcoin 18, or CoreDev in Tokyo. Our proposal has become more precise since then.

The next step here is to receive more feedback, have a broader discussion, and then write a BIP along with improving reference implementation. We are looking forward to hearing your suggestions or concerns regarding this work.

This protocol is a result of work by myself, Gregory Maxwell, Pieter Wuille, and my supervisors at UBC: Ivan Beschastnikh and Sasha Fedorova.
I would like to thank Tim Ruffing and Ben Woosley for contributions to the write-up, and Blockstream for supporting my work on this protocol.

– gleb

Sounds win/win to me...but I know nothing. Cant wait to see a BIP anyway. Cheers.




And a look at the charts.


Can hardly wait for the monthly close and see it turn full Bull on that chart..have to do with these dailies for a bit longer in the mean time.  #dyor

Exhibit A

daily



Exhibit B

daily w/ doubled cloud settings

#stronghands'19