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

[Zedpastin]

On the other hand, for many grandmas with smart phones all the channel management etc will be handled by the players building this stuff.  There is some pretty deep money to be made taking a seat at the table where Strike is currently one of the only ones sitting.

Where the real innovation lies for this?  Making all these things into a standards.  Everyday folks are not going to take the time to learn what lightning is.  They just need a way to pay for their stuff.  And the tech will do all of this on the back end.

This is where some folks are frightened by the centralization that this will incur.  And I understand that. But it is unavoidable.  There is no way to build these systems in a way that people will not take the "easy route".  Like a gmail account... The banks and merchants who do this well are going to have a really big seat at the table.

This is why I talked about merchants owning and operating their own nodes because it makes sence to be that they would benefit directly off of the node instead of using another and they can set their own fees without having a external person changing those fees frequently because they would have to reflect that in their store prices. Lightening is hard to understand for most and I think this is a problem for Bitcoin as well because its hard to understand people are scared of it. As soon as we can figure a way to make Bitcoin less complicated I think adoption could increase. I think vendors operating their own nodes for customers would help in making it less complicated because then the consumer does not have to worry about fees because they could be included into the price if a vendor has set them.

If there are enough vendors operating their own nodes then we do not have to worry about centralization except maybe that all retail merchants will own all of the nodes but I do not think that is to big of a problem and would not stop adoption because credit cards are currently run by one entity instead of lightening nodes being owned by the business you choose to do business with.

Do we know it's real? It looks a bit photoshoppy to me.

It is photoshopped the giveaway is the lights. The material used for bill boards does not reflect light like that. I have seen Bitcoin billboards but I am not sure they are any good at getting people to look into Bitcoin and research it.

[ChartBuddy]

Explanation

[cAPSLOCK]

You guys feel that little breeze?

I am calling on your Bitcoin... Now is the time to start it up...

[LFC_Bitcoin]

@Limburg3rt

[sirazimuth]

^
GROW IT
DRINK IT
QUIT IT
HODL IT
WTF?

[wxa7115]

My mother just send me this photo, took it from out of her apartment in Rio…

Small protest, people want BTC regulations
 

Regulations so that people stop making so much money?

That is surely coming, if we picture a scenario in which the fiat currencies of the world begin to crash while bitcoin skyrockets do I think the rest of the population is just going to smile and say well played? Will they say ‘You deserve to be the winners of the greatest wealth transfer in history as you took the right side while they deserve to lose’? That is not going to happen, those on the losing side will go to the governments and beg them for help, and government will be happy to oblige and put a 90% tax, or something ridiculous like that, on your profits on the name of ‘fairness’.

[Richy_T]

It is photoshopped the giveaway is the lights. The material used for bill boards does not reflect light like that. I have seen Bitcoin billboards but I am not sure they are any good at getting people to look into Bitcoin and research it.

Yes. Also the surface of the board is far too smooth. My understanding of advertising is that often the aim is not to prompt direct action but to engender familiarity and comfort. The ad for Heinz beans doesn't make you want to buy Heinz beans but when you're standing in the supermarket deciding whether to buy Heinz beans or Blortz beans, familiarity will make to inclined towards the Heinz.

[Richy_T]

That is not going to happen, those on the losing side will go to the governments and beg them for help, and government will be happy to oblige and put a 90% tax, or something ridiculous like that, on your profits on the name of ‘fairness’.

Can you make it so I can become rich but take absolutely no risk? KTHXBYE

[ChartBuddy]

Explanation

[cAPSLOCK]

On the other hand, for many grandmas with smart phones all the channel management etc will be handled by the players building this stuff.  There is some pretty deep money to be made taking a seat at the table where Strike is currently one of the only ones sitting.

Where the real innovation lies for this?  Making all these things into a standards.  Everyday folks are not going to take the time to learn what lightning is.  They just need a way to pay for their stuff.  And the tech will do all of this on the back end.

This is where some folks are frightened by the centralization that this will incur.  And I understand that. But it is unavoidable.  There is no way to build these systems in a way that people will not take the "easy route".  Like a gmail account... The banks and merchants who do this well are going to have a really big seat at the table.

This is why I talked about merchants owning and operating their own nodes because it makes sence to be that they would benefit directly off of the node instead of using another and they can set their own fees without having a external person changing those fees frequently because they would have to reflect that in their store prices. Lightening is hard to understand for most and I think this is a problem for Bitcoin as well because its hard to understand people are scared of it. As soon as we can figure a way to make Bitcoin less complicated I think adoption could increase. I think vendors operating their own nodes for customers would help in making it less complicated because then the consumer does not have to worry about fees because they could be included into the price if a vendor has set them.

If there are enough vendors operating their own nodes then we do not have to worry about centralization except maybe that all retail merchants will own all of the nodes but I do not think that is to big of a problem and would not stop adoption because credit cards are currently run by one entity instead of lightening nodes being owned by the business you choose to do business with.

Do we know it's real? It looks a bit photoshoppy to me.

It is photoshopped the giveaway is the lights. The material used for bill boards does not reflect light like that. I have seen Bitcoin billboards but I am not sure they are any good at getting people to look into Bitcoin and research it.

I think the centralization risk is more with the banks than the merchants, although the line blurs.  Imagine Amazon's node.

Yeah, and the billboard prolly is fake... hard to believe though since it was on twitter, and twitter only allows true things.

[Dabs]

Indeed!
Legacy billionaires, move over 

Legacy billionaires will be replaced by Native Segwit billionaires (and possibly Taproot billionaires.)

[goldkingcoiner]

That is not going to happen, those on the losing side will go to the governments and beg them for help, and government will be happy to oblige and put a 90% tax, or something ridiculous like that, on your profits on the name of ‘fairness’.

Can you make it so I can become rich but take absolutely no risk? KTHXBYE

My dude, I have these magic beans....

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[savetherainforest]

@Limburg3rt

Why is "the laser eye" a rainbow rambo white arab nazi?!??.... R0ach???... is that YOU!???  

[jojo69]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation