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

[d_eddie]

Signatures are suppressed in the WO.

Not for sirazimuth…. If you know what I mean?

Ah well, maybe I do now that I've taken a closer look ;-)

Another great short opportunity is upon us.

100k Pump soon, confirmed.

Hey guys, are there any crypto exchanges on the darkweb? Is there even a point to setting up a crypto exchange onion site?

Sure. Exit scams are much less problematic.

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[d_eddie]

Lightning thoughts.

I want to spearhead a movement for cypher-punk inspired idealist zealots begin to run lightning nodes that have low, or even ZERO FEES.

One way to make lightning not become what people all worry about (banks) would be for the people who want to see the system run as counter to the existing one to make that happen themselves.

In fact, I think people who complain about the risks of centralization and exploitation in lightning have something they can do that is far more powerful than complain.

And that is to be the change you want to see.  Run a damn node, and run it the way you think Bitcoin should work!

For those who care about the direction of bitcoin... there really are only three choices.

1.  Complain.
2.  Fork bitcoin.
3.  Join us.

*EDIT* Are zero fees dangerous for spam etc?  Exploitable?

More and more often I find myself nodding when I read your posts.
An ELI5 about setting up a Lightning node could be useful.
Pointers?

[ChartBuddy]

Explanation

[elliottflz65]

More and more often I find myself nodding when I read your posts.
An ELI5 about setting up a Lightning node could be useful.
Pointers?

Search up "Bitcoin node with lightening" on Youtube and you can follow along the video which is better than any text based post. If you want to read instead then https://www.coindesk.com/becoming-self-sovereign-how-to-set-up-a-bitcoin-node-lightning has all the information that you need.

*EDIT* Are zero fees dangerous for spam etc?  Exploitable?

It could be used as a way of attacking Bitcoin by congesting the network but it would only be a temporary attack as no one is going to send that much Bitcoin. How do I know this? You can attack Bitcoin the same way now by sending 0.0000001 transactions on the network with no fees and it would congest the network but no one does it because they cannot keep it up and it would only be a temporary attack. Lightening makes it easier to do with fees but it would not make much of a difference because of the congestion it causes does not achieve any thing.

[sirazimuth]

without intending to offend, you don't know what you are talking about ...

Why can't one have a normal conversation in the wall observer? A constructive dialog?

You usually can.

without intending to offend, you don't know what you are talking about ...

..... Why someone has to ruin it somehow?
.....

Thats just marcus being marcus.

without intending to offend, you don't know what you are talking about ...

...

You know what? Fine. I've stopped talking to malevolent speakers either way.

Yup, that's all you gotta do. I sometimes throw the occasional flame, if I'm in the mood.
Just don't let him get under your skin. He's harmless, just like anything on your  pc screen.
Also, you absolutely do know what you are talking about.

[Diced90]

I feel that this is a true representation...

[Arriemoller]

The stocks, that's the only thing you mention that's bought and sold.

It doesn't matter if they're bought in Bitcoin, dollars, gold or potatoes. If a deflationary currency prevails, it simply isn't worth it to buy them.

If they are valued in bitcoin you get the increase in stock value added to the increased value of bitcoin, you get more money in the end than if you just hold the bitcoin. But this only applies if the stocks are valued in bitcoin, not in fiat.

[ChartBuddy]

Explanation

[Arriemoller]

It doesn't matter if they're bought in Bitcoin, dollars, gold or potatoes. If a deflationary currency prevails, it simply isn't worth it to buy them.

Well at some point the price will stabilize and btc will be used as a reserve currency for international exchanges.  Its not really deflationary, only with decreasing inflation.  we are simply in the price discovery mode until bitcoin takes over i suppose

also thats a nice view

BTC is already being used as a reserve currency if it becomes stable that will be when people start using it for a currency because they can purchase and sell things without worrying that next week that game they sold for $20 is now worth $5 and they lose out in money. I think most people are using it as a reserve currency now. I do not know what you mean by price discovery mode but atm BTC is in a adoption process the quicker people adopt the quicker it will become stable. If you are a investor you prolly do not want to see it stabilize soon and want to profit more on the sudden drops and rises of BTC.

Price discovery  https://en.wikipedia.org/wiki/Price_discovery

[Arriemoller]

https://www.youtube.com/watch?v=X4QYV5GTz7c&t=152s

My all time favorite book yay, thanks for posting that cant wait

I am skeptical, There is no black woman in the books and they are not action packed "war in space" type stories.
I will download some episodes ( I assume it's a series) for free when they are available on TPB to see if it's anything worth paying money for.

Edit: My favourite books too, and the first "real" sciFi books I read.

Cool, can't wait. from the trailer at least it doesn't look like they killed it with an PC pushing agenda as is wont lately.

Please give a review here when you have seen the pilot.

[Hueristic]

Please give a review here when you have seen the pilot.

Well I'll give an opinion but I don't think I can do a fair review as like I mentioned in the past the Foundation is literally the only thing Asimov wrote that I couldn't slog through. Maybe its because I was to young and I would get pulled in now but all I remember about it is it went into such long drawn out detail about the specifics of cataloging and fundamentally boring bureaucratic methods that It just couldn't keep my attention.

I'd think that you guys that actually have read the book would have more representative opinions on the subject than I would.

This is actually the reason I'm thrilled to see it as a show as now I can get the story line without having to wade through a 3 inch thick technical manual.

[ChartBuddy]

Explanation

[Richy_T]

Looks like arsche to me.

[El duderino_]

Looks like arsche to me.

I only see mainstream adoption ….

[Richy_T]

100k Pump soon, confirmed.

[Richy_T]

It could be used as a way of attacking Bitcoin by congesting the network but it would only be a temporary attack as no one is going to send that much Bitcoin. How do I know this? You can attack Bitcoin the same way now by sending 0.0000001 transactions on the network with no fees and it would congest the network but no one does it because they cannot keep it up and it would only be a temporary attack. Lightening makes it easier to do with fees but it would not make much of a difference because of the congestion it causes does not achieve any thing.

There's actually a minimum relay fee setting. Not sure what the default is these days but nodes won't forward transactions which don't have sufficient fees for a good few years now.

[JayJuanGee]

100k Pump soon, confirmed.

OPsec, richie.. opsec..

Nice selfie, though.   

[explorer]

... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future

I'm not sure what's the purpose of that post.

Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's. This means that the economic growth will slow down. Not to mention how damaging can this be for the government.

There are lots of downsides that come from deflation.

   I'd argue that stonk prices haven't much to do with actual 'economic growth'.  Real Economic Growth comes from productivity, not financial maneuvering shell games.  I agree with MA that deflationary currency would curtail this unsustainable consumerism that is constantly pushed at us.  Just another bubble to pop.

[marcus_of_augustus]

without intending to offend, you don't know what you are talking about ...

Why can't one have a normal conversation in the wall observer? A constructive dialog? Why someone has to ruin it somehow?

It wasn't a normal conversation, I posted some informational content that you had no idea what it's purpose was and then you proceeded to reply with some garbage nonsense output from some garbled thinking which I pointed out and now you're offended when I specifically stated that wasn't my intent.

There's a ton of material out there on the economics and historical precedents for sound money being superior to inflationary currency substitutes. You shouldn't expect to be spoonfed the good oil if you ask patsy questions and spout inflationista propaganda in a sound money forum.

[El duderino_]

https://twitter.com/BTC_Archive/status/1429545566070091782?s=20