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

[goldkingcoiner]

*and science

We could all always learn more maths & science, am I wrong?

Oh yes, definitely. I need to make Proudhon proud otherwise Bitcoin will crash

[Richy_T]

Nothing in my statements would create unpredictable anything, there is ZERO chance in the question I was proposing.

I wasn't saying they were. I was explaining why I support a scheme such as you mention. Running systems at full capacity all the time is well known to cause instability as there's no way to accommodate temporary surges.

I just don't see how what you're advocating amounts to anything other than bigger blocks since smaller blocks have long been a feature of having fewer transactions. But if you say that's not your intent, I'll respect that.

[Richy_T]

We could all always learn more maths & science, am I wrong?

Here's an intriguing watch:

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

[ChartBuddy]

Explanation

[Toxic2040]

the evening wall report

continued sideways accumulation observed on declining volume

#dyor

1h



4h

#stronghands

[vapourminer]

i know one lid = one joint

OMG that's Cheech and Chong sized.

If you really need to use a whole ounce (28g) in a single doob you really need to find a better supplier.

nah just bigger parties

[Toxic2040]

struggling to turn to port and get some wind at our backs..but shes turning lads..steady as she goes

D




D

[Toxic2040]

'Why does NASA exist?'  Captain Kirk reads Ray Bradbury   
https://www.youtube.com/watch?v=8xs98fr0M6M


replace all the NASA stuff with humanity...but yea..heady stuff

[ChartBuddy]

Explanation

[lightfoot]

Bitcoin 2021 Miami Conference Becomes Superspreading Event as Dozens Test Positive For COVID-19


https://twitter.com/i/events/1403126437192900608?s=09

Well, you get to see who had vaccines and who did not. Excellent data points.

[suchmoon]

Bitcoin 2021 Miami Conference Becomes Superspreading Event as Dozens Test Positive For COVID-19

This is good news. So many idiots in a Bitcoin conference definitely means that Bitcoin has gone mainstream big time.

[ChartBuddy]

Explanation

[nanobtc]

i know one lid = one joint

OMG that's Cheech and Chong sized.

If you really need to use a whole ounce (28g) in a single doob you really need to find a better supplier.

nah just bigger parties

Big Bambu. It takes more than an  Oh-Zee.

[ChartBuddy]

Explanation

[Richy_T]

[cAPSLOCK]

Bitcorn, why dost though mock us so?

[philipma1957]

the builders thread:
https://bitcointalk.org/index.php?topic=5314398.0

these cheap nodes that mine at a small profit can be in 10 thousand homes.

building a super node with 32mb blocks would mean using 8tb ssds in arrays

you would need more than 300mb internet speed.

I loaded a node/wallet on a thread ripper about 18 months ago

used a threadripper 3970 with 128gb ram

used 200mb internet and a 2tb nvme m.2 ssd

took 2 hours to synch it.

the time was 2 hours due to a 100mb switch I downloaded at a constant 80-90mb. it was about 300gb

but if we had a 32mb block thread it would be 16x the size
take 32 hours to download
and use 4.8tb

if it were a 96mb block
it takes 96 hours to download

and use 13.4tb

so that would mean at least two 8tb ssds in an array to give 16tb
maybe the 2000 usd threadripper the 3970 is good enough
maybe the 128gb ram is enough.

but I would need to have built a 9 k rig to do a node.

i dont need my full node (which i use purely for validating my own transactions) to run on a rPi, but it at least needs to be able to run on a (probably beefy) commodity computer and be able to sync from scratch in a reasonable time. so i dont mind needing a 3-4k (or even 10k) computer to run a node purely for my own verification, but once you need business class internet and seriously potent server gear thats when i have issues. i will need to trust other nodes at that point. SPV clients have thier place but not as my main check for my transactions and balances. i suppose spinning up AWS type stuff for a personal verification node is a possibility but that seems drastic and likely expensive plus i like my gear in house.

blocks at its current size may have issues but they work for me at this point and thats good enough for now. high fees at the moment? pay up, wait, or go home: pretty simple. ill wait for the bulging brains types to figure the best way forward.

edit: slow and steady. this is Prod after all. i like my coin STABLE. let the alts blow up their blockchains. believe me its nice to have paper wallets from 2011 that are as safe and usable as the day i printed them. cant say that for a lot (likely most) shitcoins from back in the day, or even more recent ones.

If you want to be all btc.

Have a few hodl wallets.

paper ,trezor, core

and have liquid btc on an exchange.

Personally I have run nodes on really good pcs and on the new apollo with many inbetween.

I like running on the rasp/arm apollo it uses 10 watts and does the job. Plus it mines. It is due to become an ln node. It is possible that 10,000 of these could be in the world in a year or so.

We would not be able to have 10000 small form pc nodes like a dell with an i7 a 2tb ssd  and 32 gb ram with 100 mbs internet.

basically it is less affordable.

question how many nodes do we have and where to find a node number chart.

do we have :

1,000
5,000
10,000
25,000
50,000
100,000

the higher number would be an argument favoring the low block size we currently have.

it would be a nice point to assist the block size discussion.

I found this

https://bitnodes.io/

and it claims 9790 nodes  in the grand scheme of things that is not enough nodes

so the small miner/node using a rasp pi on steroids sold here

https://bitcointalk.org/index.php?topic=5314398.0

would prefer the current block size. and with only 9790 nodes we could use node promos to help BTC

I am not shilling the product listed above.

you can make a better node with this pc

https://www.ebay.com/itm/184882713320? 127
 a 2 tb ssd https://www.newegg.com/samsung-2tb-870-evo-series/p/N82E16820147794? 250

327 + 150 for 2 sticks of ram.

477

https://www.ebay.com/itm/283307664983?

point is we could use more nodes and yeah you could go to 4mb blocks with the pc above

but likely that knocks out a lot of rasp pi style nodes.

So maybe we stay with 2mb and do other work arounds. hoping to go up to 20000 nodes vs the 10000 listed.

I gotta say... I really want one of those little miner/nodes.  Kinda goofy the stock ships with a 500mb drive.  Thats gonna need to be upgraded fairly soon.

yeah it was a case of stupid cheap (penney wise pound foolish)

I mine and hodl with it to viabtc.com

and I run the node.

I purchased a 1tb crucial and will be upgrading to it this weekend.

[bitebits]

Bitcoin 2021 Miami Conference Becomes Superspreading Event as Dozens Test Positive For COVID-19
https://twitter.com/i/events/1403126437192900608

Don't give these MSM distractors clicks.


https://twitter.com/WhalePanda/status/1403268800687050752

[ChartBuddy]

Explanation

[modrobert]

Bitcoin 2021 Miami Conference Becomes Superspreading Event as Dozens Test Positive For COVID-19
https://twitter.com/i/events/1403126437192900608

Don't give these MSM distractors clicks.


https://twitter.com/WhalePanda/status/1403268800687050752

Mainstream propaganda is running at full steam while price indicators are carefully removed or obfuscated, it's a sign of desperation, Bitcoin is winning.

First they ignore you, then they laugh at you, then they fight you, then you win.