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

[ChartBuddy]

Explanation

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[Hueristic]

I just don't see that.  Banks don't need small blocks to remain necessary.

FYI, small block force a side chain solution which is centralized and that in lies the problem.

I just don't understand why dynamic blocks are just not discussed, it smells of agenda.

Maybe it's not an agenda, but a blind spot?

I just have not found anything that gives a reasonable explanation and the Devs  certainly do not have a blind spot when it comes to this.

I'm probably just to stupid to actually find it.

I'm convinced. Really interesting, then.

LOL.

[modrobert]

What is he really talking about? And what real problems? Problems with bitcoin or problems in the real world. If he mean problems in the real world I would agree. Now for the matter of fact if not all then surely every other project starts with a problem in bitcoin and tries to solve it with their on token or coin that's a logical fallacy.

To be honest haven't seen a single project which solely aiming to solve any real world problem. I remember in 2017/2018 there was one project WPR or WePower which claimed to be green energy based solution. To be honest I thought they will be building windmills or other green energy sources for public use not to run their own so called "trading platform". I'm not even sure where they stand today.

Anyway solving a real-world problem and claiming to solve it are two different things. Until now we haven't seen any single such claim going through yet.

In the example, Namecoin includes a domain name system for internet besides being a "coin", although the project is pretty much sleeping these days AFAIK. I also regard Litecoin as old school serving the purpose of having useful differences such as faster transactions, using bcrypt instead of SHA256, etc., but sure, Bitcoin maxis are welcome to disagree.

IIRC LTC was in responce to asic adoption as scrypt was thought to be asic resistant. but apparently they gave up on that fight and became another shit coin (still good to move funds between exchanges though: only real world usecase I know of). But there are still those that fight for decentralization, its just a harder battle than NGU peops are willing to fight.

Namecoin got a death blow when there was a bug that allowed total takeover of the domain by a simple hack. I think it was fixed but I really didn't follow what has become since then. I think their uphill battle would have been to have ICANN acceptance.

https://www.youtube.com/watch?v=_ckMG9mAd7s

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in an attempt to focus on one thing only in the hope Bitcoin will perform better as a store of value, or was it a side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

[OutOfMemory]

It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.

Beginning to feel like that bear market again.

No offense, but when i read this, i had to almost compulsively think about this song, "There, there" by Radiohead.

just cause you feel it, doesn't mean it's there

[proudhon]

Hello gentlemen. How have things been going?

A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event.

The problem is that the market is figuring out how bad of an investment bitcoin is and how it's is definitely and indefinitely crashing. So lots of countries might make it legal tender, but the down trend will remain. In fact, we know that as more countries adopt bitcoin the lower the price will go.

Ok, ok. Some of us know you from way back and we therefore remember that you're just dicking around. I mean, it used to be funny and all that, but the comedy has lost its edge in recent times. It's a little tired and repetitive now, just sayin. You might end up frightening the noobs away too, who might actually take you at your word.

We won't hold it against you if you want to change tack and allow your true colors to shine through, though.

[Toxic2040]

I'm gonna have to give you a -1 WO for that level of boldness, and might even have to amp it up to -1.5 WO for your horrible gif creation talents (if we might be so bold as to label as that?)... Since yesterday many people have told me... sent me pms, just saying.


that's all.

your forking with me right?

these feeble attempts to steer the conversation away from the true matter at hand here...rocket gifs...or your lack there of

charlatan
  

[Hueristic]

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in a attempt to focus on one thing only in the hope it Bitcoin will perform better as a value of storage, or was it an side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)

Well that of course is a reaction to the massive shilling of shitcoins and it morphed into any talk of any other project being a bag shilling exercise so was dogpiled without mercy.

AFA I remember it was considered alts were a good testing ground for fleshing out ideas that might be incorporated into the base layer but due to the sheer quantity of garbage scamming fucktards the instant knee jerk was to dogpile anyone even alluding to the fact something besides Kling Daddy had any value. and of course then the Ethtard started with the dominance shilling crap and it just polarized the entire scene with the ethtards being the nothing but NGU scam shilling dominated lowlives with zero consideration for the vision Bitcoin provides.

/rant off

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

Well since it is a m00t point now the knee jerk reactions to the subject seem to have calmed down to the no dogpiling point and we actually had some good discussions with the bear on the subject.

But we did have to restrict him to discuss it only on  Wednesdays (crazy I always spell Wednesdays wrong and have to google it as the spell checker can't get it right either!).

[modrobert]

Yes, it is scrypt, not bcrypt, wrong hashing method, my mistake.

I've been inactive long periods regarding Bitcoin when being busy with work, so sticking my ignorant neck out here hoping for some logical answers (not just rage). The Bitcoin maxi trend calling everything else "shitcoin"; was that shaped in a attempt to focus on one thing only in the hope it Bitcoin will perform better as a value of storage, or was it an side-effect of all the scams and ICOs that came after 2014/2015? Perhaps both? (Feels like missed some important parts...)

Well that of course is a reaction to the massive shilling of shitcoins and it morphed into any talk of any other project being a bag shilling exercise so was dogpiled without mercy.

AFA I remember it was considered alts were a good testing ground for fleshing out ideas that might be incorporated into the base layer but due to the sheer quantity of garbage scamming fucktards the instant knee jerk was to dogpile anyone even alluding to the fact something besides Kling Daddy had any value. and of course then the Ethtard started with the dominance shilling crap and it just polarized the entire scene with the ethtards being the nothing but NGU scam shilling dominated lowlives with zero consideration for the vision Bitcoin provides.

/rant off

Painfully aware of the blocksize debate which never improved anything so far, now it feels defunct even, since you don't need sidechains to deal with it.

Well since it is a m00t point now the knee jerk reactions to the subject seem to have calmed down to the no dogpiling point and we actually had some good discussions with the bear on the subject.

But we did have to restrict him to discuss it only on  Wednesdays (crazy I always spell Wednesdays wrong and have to google it as the spell checker can't get it right either!).

Thanks, getting the gist of it.

Since shitting on ETH seems OK, have a personal story to tell; I was contracted to evaluate Etherum security in 2016 (or it might have been 2017) because the customer wanted to build a service on top of it. After installing the official client which is a clusterfuck of different languages (Go, Python, Java, C#, etc), the client started downloading updates directly from GitHub during runtime (which means any hacked commit could potentially compromise the client instantly), so that was bad, but it didn't end there, the client crashed a lot so testing became hard, shortly after testing some more I advised the customer to not use Etherum to build anything because it's simply not stable enough. The customer was stubborn and had some kind of FOMO about his business partners building frameworks on top of ETH already, so it ended that I just refused to continue but he was welcome to hire someone else to do it. Shortly after this the first Etherum rollback happened due to malicious transactions (can't remember the details, but was not surprised), so it was obviously not "distributed" in a true sense then, emperor of rollbacks (Vitalik) had final word. After this I never touched it again, maybe it has improved security wise, probably not.

[Hueristic]

Government Threatens Retired Engineer With a Crime for Doing Math


https://www.youtube.com/watch?v=9nwP826RY50


Looks like some scumbag didn't like being called out for not knowing what he was doing and decided to use his influence to attack this guy. This is the result of nepotism, family first rite?

[BTCaesar]

https://youtu.be/9S4nUs2Bq8I

An interesting(!) speech…
She extra avoids to use the word of BTC.

[ChartBuddy]

Explanation

[Richy_T]

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

[Parazyd]

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

It got out, but it was kinda late. They were promising to be the first, but Avalon beat them to it.

[Richy_T]

Beginning to feel like that bear market again.

Complete fakeout, anyone that sells now is infected with Mindrust Syndrome.

I have not but I could use some walking-around money so it's a matter of timing.

[Richy_T]

I just don't see that.  Banks don't need small blocks to remain necessary.

Banks will always exist but the potential in a bitcoin world is that some of their less savory aspects and some of the friction they add could be eliminated. (The defi people would probably argue that they can be done away with entirely but that's a different discussion).

[modrobert]

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

Yes, I still have the miner 'BitForce Jalapeno' to prove it though the probability to solo mine a block before the universe expires with 4.5 GH/s these days is slim.

[Richy_T]

I just have not found anything that gives a reasonable explanation and the Devs  certainly do not have a blind spot when it comes to this.

The devs are definitely aware of the arguments and, to their credit, some have actually joined in with the discussion (some in more good faith than others).

[vapourminer]

Regarding ASIC mining, I have fond memories of backing Butterfly labs in 2013 even when most users in this forum had doubts, they eventually pulled through producing the first ASIC ever made after several delays, though the controversy was wild to say the least. I wasn't just a miner back then, had an online shop selling modchips for game consoles  accepting Bitcoin since 2011 (so it wasn't just alpaca socks).

Did they actually ever get that out? I know their FPGA made it but I remember all sorts of drama with fake demos and some fuss with Inaba when it came to the ASIC.

avalon had the 1st ASIC miner.

bfl did eventually deliver their asics, very very late and seemingly delivered mainly by carrier pigeons. i have one of their FPGAs and a couple SC series.


made out on the FPGA, not so much on the ASICs.

[Richy_T]

It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.

Beginning to feel like that bear market again.

No offense, but when i read this, i had to almost compulsively think about this song, "There, there" by Radiohead.

just cause you feel it, doesn't mean it's there

We'll see. Not that it makes much difference other than me feeling crappy about it

[Hueristic]

I just have not found anything that gives a reasonable explanation and the Devs  certainly do not have a blind spot when it comes to this.

The devs are definitely aware of the arguments and, to their credit, some have actually joined in with the discussion (some in more good faith than others).

Do you have a decent link?