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

[jbreher]

Afaik transaction malleability breaks LN.  So Segwit is necessary for LN as it fixes transaction malleability.  Also BIP 114 for MAST requires Segwit.

I think that the malleability bug is separate from the segwit. I think segwit required the fix in order to work. So segwit in on itself is not required for LN.

This is an important difference if true. Can anyone confirm/deny?

Segwit is ABSOLUTELY needed for LN to work.

In current implementation, sure. But conceptually, no. Don't take my word for it - gmax said so XD. 'Something like LN' is simplified by a malleability fix. But not utterly dependent upon. And segwit is but one of many possible malleability fixes.

[jbreher]

The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.

Get off the drugs.  It's far easier for the state to make Bitcoin unusable than metals.  And confiscating metals is even less feasible than confiscating guns.  Even Shlomo Nakamoto says Bitcoin is useless vs state actors.

Then you don't understand the tech, or politics, or both. Bitcoin is global. Somewhere is going to be fine with it, even if your local corner of the world ain't. And if you are not willing to leave a soviet-level state, then that's entirely on you.

Because it's so useful if the G7 or G20 banned Bitcoin but someone in North Korea has a 486 with the magical ledger of imaginary, valueless tokens on it!  The state can easily destroy and prevent the use of Bitcoin because running a police state in the digital world is cheap and cost effective (see Facebook, Twitter, the nation of China) while running a police state in the physical world requires orders of magnitude more resources.  Pretending it's harder to stop Bitcoin than metals is a flat out lie.  They require the govt's own infrastructure to even work at all.

Martin Armstrong has been talking for years about people getting harassed for transporting precious metals across international borders, or having the PMs confiscated.

PMs are almost completely useless, aside from international settlements and reserve holdings.

Edit: Open your eyes - we're not heading toward a more open world. Governments around the world are starving for money, and putting tighter restrictions on moving money internationally.

I'm going to take a silver coin on my next trip (in 2-3 months time probably). If it causes any problems whatsoever I will report all the details here. Consider it a public service.

I used to always have a 1oz gold eagle in my pocket. Out for a bite ... off to work ... air travel, whatever. I gave up the practice some years ago.

In theory, should not be a problem. US CBP does not admit to caring about anything under $10,000. Would take a rather large-ish silver coin to get to that limit. Then again, why tempt fate?

[erre]

About the 100k party, I really would like for it to happen, but we need to plan it in time, the reason because nobody was able to organize a proper party at 1k or 10k was the price going faster than anyone's planning ability, and this time will be no exception.

I think that a strict opsec would not be so necessary in any EU country (well maybe excluding east europe and UK, for different reasons). Also I was not imagining a bilderberg meeting but something more like a real party, with at least an hundred people (40 people means 20+ friend/gf) and a "normal" security service.

About the price even 0.01 btc/ticket (1k usd) would mean an hell of  a party,  maybe even 2/3k could be ok too, but 10k would be only a waste of coins. Not to mention I will not be retired even at 100k because reasons, and I think I'm not the only one.

Who is in party organizing? I could have some friends but they are nocoiners, and they would be very skeptical about organizing an epic event they think will never happen (even with coins in escrow ready to be sold).

My real concern is not that bitcoin will never reach 100k, but that nobody will be able to organize a proper party before that!

[jonoiv]

About the 100k party, I really would like for it to happen, but we need to plan it in time, the reason because nobody was able to organize a proper party at 1k or 10k was the price going faster than anyone's planning ability, and this time will be no exception.

I think that a strict opsec would not be so necessary in any EU country (well maybe excluding east europe and UK, for different reasons). Also I was not imagining a bilderberg meeting but something more like a real party, with at least an hundred people (40 people means 20+ friend/gf) and a "normal" security service.

About the price even 0.01 btc/ticket (1k usd) would mean an hell of  a party,  maybe even 2/3k could be ok too, but 10k would be only a waste of coins. Not to mention I will not be retired even at 100k because reasons, and I think I'm not the only one.

Who is in party organizing? I could have some friends but they are nocoiners, and they would be very skeptical about organizing an epic event they think will never happen (even with coins in escrow ready to be sold).

My real concern is not that bitcoin will never reach 100k, but that nobody will be able to organize a proper party before that!

https://www.tradingview.com/chart/BTCUSD/EUXj1Bn4-Bitcoin-finally-returns-to-normal/

[mindrust]

https://i.ibb.co/bJDSspn/Capture.png
https://www.tradingview.com/chart/BTCUSD/EUXj1Bn4-Bitcoin-finally-returns-to-normal/

Did you even check the comments before posting this piece of shit?

DISCLAIMER
if you trade, based on this idea .. there is no help for you
DISCLAIMER 2
Don't troll a troller, nor a troll-hunter, neither should you feed them .. or me.

Even I make some bearish predictions from time to time (because I want to grab more cheap coins ) but this chart you posted is beyond retarded.

Anyway, later, have a plane to catch :p

[Toxic2040]

Good morning everyone.

I think there is a good chance we will see more retracement as traders consolidate their positions.  I had a little tingle before I went to sleep last night..the back of my mind said listen but I ignored it...sigh.

#dyor

cat walks free
1h


4h  *edit*  this is obviously a 2 hour chart  vv

#btd's

[erre]

About the 100k party, I really would like for it to happen, but we need to plan it in time, the reason because nobody was able to organize a proper party at 1k or 10k was the price going faster than anyone's planning ability, and this time will be no exception.

I think that a strict opsec would not be so necessary in any EU country (well maybe excluding east europe and UK, for different reasons). Also I was not imagining a bilderberg meeting but something more like a real party, with at least an hundred people (40 people means 20+ friend/gf) and a "normal" security service.

About the price even 0.01 btc/ticket (1k usd) would mean an hell of  a party,  maybe even 2/3k could be ok too, but 10k would be only a waste of coins. Not to mention I will not be retired even at 100k because reasons, and I think I'm not the only one.

Who is in party organizing? I could have some friends but they are nocoiners, and they would be very skeptical about organizing an epic event they think will never happen (even with coins in escrow ready to be sold).

My real concern is not that bitcoin will never reach 100k, but that nobody will be able to organize a proper party before that!

https://www.tradingview.com/chart/BTCUSD/EUXj1Bn4-Bitcoin-finally-returns-to-normal/

[El duderino_]

https://i.ibb.co/bJDSspn/Capture.png
https://www.tradingview.com/chart/BTCUSD/EUXj1Bn4-Bitcoin-finally-returns-to-normal/

Did you even check the comments before posting this piece of shit?

DISCLAIMER
if you trade, based on this idea .. there is no help for you
DISCLAIMER 2
Don't troll a troller, nor a troll-hunter, neither should you feed them .. or me.

Even I make some bearish predictions from time to time (because I want to grab more cheap coins ) but this chart you posted is beyond retarded.

Anyway, later, have a plane to catch :p

Safe flight and a good time at Amsterdam, I go end of next month

Indeed WTF of a chart is that??

[kenzawak]

Eh, just till we get the moron out of office. I'm actually quite impressed though: He has not pissed on the Queen's shoes which means the UK trip is exceeding my expectations....

English humour, love it !

[BitcoinGirl.Club]

Good evening WO brother!

I know I am not giving much time online. After the champions league win I was in tears and shock. Took some time off from work and did a lot of shopping for wife and my one and only little baby girl (6 months and counting, my best wish that she will be living a full crypto life). It was a great shopping day and night out 🙂

By the way, Observing @ $8,480.

How long we are going to move sideways like this?

[Toxic2040]

4h

[jonoiv]

https://i.ibb.co/bJDSspn/Capture.png
https://www.tradingview.com/chart/BTCUSD/EUXj1Bn4-Bitcoin-finally-returns-to-normal/

Did you even check the comments before posting this piece of shit?

DISCLAIMER
if you trade, based on this idea .. there is no help for you
DISCLAIMER 2
Don't troll a troller, nor a troll-hunter, neither should you feed them .. or me.

Even I make some bearish predictions from time to time (because I want to grab more cheap coins ) but this chart you posted is beyond retarded.

Anyway, later, have a plane to catch :p

Guessing you're from west side of the Atlantic. 

[BitcoinGirl.Club]

English humour, love it !

Hilarious 🤣

[Toxic2040]

Eh, just till we get the moron out of office. I'm actually quite impressed though: He has not pissed on the Queen's shoes which means the UK trip is exceeding my expectations....

English humour, love it !

+1 WOsMerit

Its the best imho.

----

As a side note..and basically a random observation from a life long hetero.

Would you just look at the size of them??
Exhibit A

[VB1001]

https://i.imgur.com/M8zRQ5I.jpg

18 pages since yesterday afternoon.

Hat gallery update, great job xhomerx10

[jonoiv]

English humour, love it !

Hilarious 🤣

Not really humour from the kid, more,  how can I get 500 million free hits on my Born Eco website.  

10/10 for his viral marketing skills.   2.5/10 for Humour

[kenzawak]

As a side note..and basically a random observation from a life long hetero.

Would you just look at the size of them??
Exhibit A

And you haven't seen... my feet.  

[Hueristic]

$350K entrance fee, and everyone gets a lambo, a pile of blow, and a high class hoe.

Is the Lambo negotiable? I think they suck.

I'll take a

If someone wants one of these I can bring it. I live CLOSE TOO McLaren

You lucky bastard!

OpSec fail there buddy.

[kenzawak]

Hat gallery update, great job xhomerx10

I don't see mine (maybe I missed it).
Could you add it when you get the chance please ?



And yes, definitely great job xhomerx10 !

[hv_]

Afaik transaction malleability breaks LN.  So Segwit is necessary for LN as it fixes transaction malleability.  Also BIP 114 for MAST requires Segwit.

I think that the malleability bug is separate from the segwit. I think segwit required the fix in order to work. So segwit in on itself is not required for LN.

This is an important difference if true. Can anyone confirm/deny?

Segwit was one of multiple potential transaction malleability fixes, but it was often billed as the fix. Take a look at Bcash. They fixed transaction malleability without segwit.

It's basically the same thing with LN. Segwit made bitcoin capable of handling LN, but there were other ways to implement lightning without segwit.

you don't want those coffee purchases clogging up the main chain.

Yes I do. I specifically want coffee purchases clogging up the main chain, in fact. And anything else people care to use it on.

That is the entire point of bitcoin. Anyone can send any amount to anywhere at any time without needing the permission of middlemen such as yourself.

Bitcoin was not meant to be a transactional currency. It was meant to be a store of value. Read: https://twitter.com/danheld/status/1084848063947071488

Any other use case, such as buying coffee, is outside the scope of Bitcoin's core use case. That's basically why we'll need 2nd layer solutions (or altcoins) for buying coffee.

U ll soon learn that malleability is a feature, never was a bug.